MIRA INFORM REPORT

Report Date :

17.10.2013

IDENTIFICATION DETAILS

Name :	REMI ELEKTROTECHNIK LIMITED [w.e.f November 2009]
Formerly Known As :	RAJENDRA ELECTRICAL INDUSTRIES LIMITED
Registered Office :	Plot No. 11, Cama Industrial Estate, Goregaon (East), Mumbai – 400063, Maharashtra
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	26.04.1988
Com. Reg. No.:	11-47157
Capital Investment / Paid-up Capital :	Rs.48.650 Millions
CIN No.: [Company Identification No.]	L51900MH1988PLC047157
TAN No.: [Tax Deduction & Collection Account No.]	MUMR13939C
PAN No.: [Permanent Account No.]	AAACR2578P
Legal Form :	A Public Limited Liability Company. The Company’s Shares are Listed on the Stock Exchanges.
Line of Business :	Manufacturer and Exporter of Laboratory Stirrers and Magnetic Stirrers and Centrifuges.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

Ba (47)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 4556148
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is a part of REMI GROUP. The company has recorded better growth in profit and sales turnover during the financial year 2013. Trade relations are reported as fair. Business is active. Payments are reported to be usually correct. The company can be considered normal for business dealings at usual trade terms and conditions. Note: Not Traded in BSE from last 30 day

NOTES:

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – June 30, 2012

Country Name	Previous Rating (31.03.2012)	Current Rating (30.06.2012)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

EXTERNAL AGENCY RATING

Rating Agency Name	CARE
Rating	Long term bank facilities: (CARE) BBB-
Rating Explanation	Moderate degree of Safety Moderate Credit Risk
Rating	Short term bank facilities: (CARE) A3
Rating Explanation	Moderate degree of Safety Higher Credit Risk
Date	Dec 2012

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

INFORMATION PARTED BY

Name :	Mr. Prakash
Designation :	Accountant
Contact No.:	91-22-40589800
Date:	25.09.2013

LOCATIONS

Registered Office :	Plot No. 11, Cama Industrial Estate, Goregaon (East), Mumbai-400063, Maharashtra, India
Tel. No.:	91-22-40589888 / 40589800
Fax No.:	91-22-40589890 / 26852335 / 26850888 / 3868
E-Mail :	vsyer@remigroup.com remigroup@bom4.vsnl.net.in sales@remilabworld.com motors@remigroup.com
Website :	http://www.remigroup.com
Area:	10000
Location :	Owned
Factory. 1 :	Survey No. 65/1, Naaikpada, Vasai (East), District – Thane, Mumbai-401208, Maharashtra, India
Tel No.:	91-250-2452027/28
Fax No.:	91-250-2454493
Area:	60000
Location :	Owned
Factory. 2 / Corporate Marketing Office :	Instruments Division, 3^rd Floor, 11, Cama Industrial Estate, Goregaon (East), Mumbai-400063, Maharashtra, India
Tel. No.:	91-22-40589888
Fax No.:	91-22-40589890/ 26850888
Branch Office :	Located At: · Ahmedabad · Bangalore · Chennai · Goa · New Delhi · Hyderabad · Indore · Kanpur · Kolkata · Kochi · Nagpur

DIRECTORS

AS ON 31.03.2012

Name :

Mr. Vishwambhar C. Saraf

Designation :

Chairman Cum Managing Director

Address:

D-84, Tahnee Heights, 66, Nepeansea Road, Mumbai – 400006, Maharashtra, India

Date of Birth:

05.08.1939

Date of Appointment:

31.10.1991

DIN NO.:

00161381

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	L28920MH1970PLC014746	REMI EDELSTAHL TUBULARS LIMITED	Director	26/12/1980	26/12/1980	-	Active	NO
2	L28920MH1974PLC017683	REMI PROCESS PLANT AND MACHINERY LIMITED	Director	19/11/1983	19/11/1983	-	Active	NO
3	L51900MH1988PLC047157	REMI ELEKTROTECHNIK LIMITED	Managing director	01/01/2013	31/10/1991	-	Active	NO
4	L27100GJ1993PLC020358	RMG Alloy Steel Limited	Whole-time director	01/05/2008	29/04/2003	15/11/2008	Active	NO
5	U74999MH2008NPL181789	Tahnee Heights Club	Director	30/04/2008	30/04/2008	-	Active	NO
6	U51109MH2008PTC189093	MAGNIFICENT TRADING PRIVATE LIMITED	Director	22/12/2008	22/12/2008	-	Active	NO

Name :

Mr. Rajendra C. Saraf

Designation :

Director

Address:

D-74, Tahnee Heights, 66, Nepeansea Road, Mumbai – 400006, Maharashtra, India

Date of Birth:

02.08.1954

Date of Appointment:

31.10.1991

DIN No.:

00161412

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	L28920MH1970PLC014746	REMI EDELSTAHL TUBULARS LIMITED	Director	04/09/1976	04/09/1976	-	Active	NO
2	L28920MH1974PLC017683	REMI PROCESS PLANT AND MACHINERY LIMITED	Managing director	01/04/2013	19/11/1983	-	Active	NO
3	L74999MH1999PLC013394	PUDUMJEE INDUSTRIES LIMITED	Director	31/12/1990	31/12/1990	-	Active	NO
4	L51900MH1988PLC047157	REMI ELEKTROTECHNIK LIMITED	Director	31/10/1991	31/10/1991	-	Active	NO
5	L27100GJ1993PLC020358	RMG Alloy Steel Limited	Director	01/11/2008	29/04/2003	07/02/2013	Active	NO
6	U51109MH2008PTC189092	CALPLUS TRADING PRIVATE LIMITED	Director	22/12/2008	22/12/2008	-	Active	NO

Name :

Mr. Sunil Saraf

Designation :

Director

Address:

1803 C Wing, Lakshachand Heights Krishnavatika Marg, Gokuldham Mumbai – 400063, Maharashtra, India

Date of Birth:

06.03.1959

Date of Appointment:

31.01.2007

DIN No.:

00157244

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U65990MH1977PTC019622	RAJENDRA FINANCE PRIVATE LIMITED	Director	04/09/2001	04/09/2001	-	Active	NO
2	U85190MH1984PLC033731	REMI INSTRUMENTS LIMITED	Whole-time director	01/11/2001	01/11/2001	-	Amalgamated	NO
3	L51900MH1988PLC047157	REMI ELEKTROTECHNIK LIMITED	Whole-time director	01/10/2012	31/01/2007	-	Active	NO

Name :

Mr. Sandeep Shriya

Designation :

Director

Address:

17 Jal Darshan 51 Nepeansea Road, Mumbai – 400006, Maharashtra, India

Date of Birth:

19.11.1963

Date of Appointment:

24.05.1988

Date of Ceasing:

30.05.2012

DIN No.:

00027299

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	L51900MH1988PLC047157	REMI ELEKTROTECHNIK LIMITED	Whole-time director	01/06/2007	24/05/1988	30/05/2012	Active	NO
2	L65920MH1983PLC030629	PREMIER CAPITAL SERVICES LIMITED	Director	13/10/1988	13/10/1988	28/12/2010	Active	NO
3	U72200MH2000PLC126963	BIZNESSMART.COM (INDIA) LIMITED	Director	02/06/2000	02/06/2000	23/02/2007	Strike off	NO
4	U17299MH2004PTC148625	STRATA GEOSYSTEMS (INDIA) PRIVATE LIMITED	Director	15/09/2004	15/09/2004	23/02/2007	Active	NO
5	U31100MH1984PLC033979	REMI MOTORS LIMITED	Director	15/01/2007	15/01/2007	-	Amalgamated	NO
6	L65990MH1981PLC023696	KUBERKAMAL INDUSTRIAL INVESTMENTS LIMITED	Director	31/01/2007	31/01/2007	-	Active	NO
7	U85190MH2008PTC185404	HOLISTIC WELLNESS SERVICES PRIVATE LIMITED	Director	04/08/2008	04/08/2008	-	Active	NO
8	U14298MH2008PTC189012	AURA MINERALS PRIVATE LIMITED	Director	18/12/2008	18/12/2008	-	Active	NO
9	U14212MH2012PTC225959	AURA RESOURCES PRIVATE LIMITED	Director	12/01/2012	12/01/2012	23/04/2013	Active	NO
10	L28920MH1970PLC014746	REMI EDELSTAHL TUBULARS LIMITED	Director	30/05/2012	30/05/2012	-	Active	NO

Name :

Mr. Shyam Jatia

Designation :

Director

Address:

Jatia House 38 Little Gibbs Road, Malbar Hill, Mumbai – 400006, Maharashtra India

Date of Birth:

16.08.1952

Date of Appointment:

20.03.2009

DIN No.:

00049457

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	L74999MH1999PLC013394	PUDUMJEE INDUSTRIES LIMITED	Managing director	01/04/2012	11/01/1980	31/08/2013	Active	NO
2	U74999MH1965PTC013257	CHEM MACH PRIVATE LIMITEDN	Director	09/04/1985	09/04/1985	-	Active	NO
3	U01122WB1987PTC042037	MANJU VIDHAN AGRICULTURE PVT LTD	Director	18/03/1987	18/03/1987	-	Active	NO
4	U65990MH1988PTC049323	SUMA COMMERCIAL PRIVATE LIMITED	Director	06/10/1990	06/10/1990	-	Active	NO
5	U65900MH1990PTC059114	APPOSITE TRADING PRIVATE LIMITED	Director	26/11/1990	26/11/1990	-	Active	NO
6	U65993PN1991PLC062635	PUDUMJEE INVESTMENT AND FINANCE COMPANY LTD	Director	24/07/1991	24/07/1991	31/08/2013	Active	NO
7	U65990MH1994PTC077782	GELID COMMERCIAL PRIVATE LIMITED	Director	19/04/1994	19/04/1994	-	Active	NO
8	U01122PN1994PLC021609	PUDUMJEE PLANT LABORATORIES LIMITED	Director	21/04/1994	21/04/1994	31/08/2013	Active	NO
9	U30007MH2004PLC147380	FUJISAN TECHNOLOGIES LIMITED	Director	08/07/2004	08/07/2004	30/09/2013	Active	NO
10	U21010PN2004PLC021212	PUDUMJEE HYGIENE PRODUCTS LIMITED	Director	18/11/2004	18/11/2004	31/08/2013	Active	NO
11	L51900MH1988PLC047157	REMI ELEKTROTECHNIK LIMITED	Director	20/03/2009	20/03/2009	-	Active	NO
12	U65993PN2011PLC141027	PUDUMJEE HOLDING LIMITED	Director	11/10/2011	11/10/2011	02/09/2013	Active	NO
13	U65990MH1990PTC059029	CHEERFUL COMMERCIAL PRIVATE LIMITED	Director	20/05/2013	20/05/2013	-	Active	NO

Name :

Mr. Ashish Kanodia

Designation :

Director

Address:

B9-10 Ekta Apartment 2^nd Floor, LBS Marg, Mulund, Mumbai – 400080, Maharashtra, India

Date of Birth:

05.12.1972

Date of Appointment:

20.03.2009

DIN No.:

02591999

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U23010MH1991PTC062034	VIRAJ FUELS PRIVATE LIMITED	Director	13/06/2003	13/06/2003	-	Strike off	NO
2	L51900MH1988PLC047157	REMI ELEKTROTECHNIK LIMITED	Director	20/03/2009	20/03/2009	-	Active	NO
3	U67120MH1996PTC100671	GREEN FINANCIAL SERVICES PRIVATE LIMITED	Director	28/12/2010	28/12/2010	-	Active	NO
4	U74999MH2006PTC164025	NANO MINPRO PRIVATE LIMITED	Director	15/03/2012	15/03/2012	20/02/2013	Active	NO
5	U51101MH2011PTC214077	Pradhvi Multitrade Private Limited	Additional director	03/12/2012	03/12/2012	28/01/2013	Active	NO

Name :

Mr. Mahendra Chirawawala

Designation :

Director

Address:

31 B Carmi Chael Road, Bhagwati Bhawan, Ground Floor, Mumbai – 400026, Maharashtra, India

Date of Birth:

25.03.1946

Date of Appointment:

20.03.2009

DIN No.:

00340658

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U51900MH1986PTC040757	SANGHVI BROTHERS TRADING PVT. LTD.	Whole-time director	28/08/1986	28/08/1986	-	Active	NO
2	U51900MH2000PTC127915	MMA EXIM INDIA PRIVATE LIMITED	Director	26/07/2000	26/07/2000	-	Active	NO
3	U92140MH2004PTC148110	COURTYARD LEISURE PRIVATE LIMITED	Director	28/03/2006	28/03/2006	-	Active	NO
4	L51900MH1988PLC047157	REMI ELEKTROTECHNIK LIMITED	Director	20/03/2009	20/03/2009	-	Active	NO

Name :

Mr. Harkishan Zaveri

Designation :

Director

Address:

Flat No.: 2103 21 Flr Odyssey II, Hiranandani Garden Powai Mumbai – 400076, Maharashtra, India

Date of Birth:

15.01.1939

Date of Appointment:

20.03.2009

DIN No.:

00401107

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U36911MH2004PTC070903	PRAHAR JEWELLERY IMPEX PVT LTD	Managing director	30/09/2004	30/09/2004	-	Active	NO
2	L51900MH1988PLC047157	REMI ELEKTROTECHNIK LIMITED	Director	20/03/2009	20/03/2009	-	Active	NO

Name :

Mr. Ritvik Saraf

Designation :

Director

Address:

D-84, Tahnee Heights, 66, Nepeansea Road, Mumbai – 400006, Maharashtra, India

Date of Birth:

17.01.1986

Date of Appointment:

30.10.2009

DIN No.:

01638851

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	L28920MH1970PLC014746	REMI EDELSTAHL TUBULARS LIMITED	Whole-time director	01/04/2009	01/07/2007	-	Active	NO
2	U51109MH2008PTC189092	CALPLUS TRADING PRIVATE LIMITED	Director	22/12/2008	22/12/2008	-	Active	NO
3	L51900MH1988PLC047157	REMI ELEKTROTECHNIK LIMITED	Whole-time director	01/11/2012	30/10/2009	-	Active	NO
4	U36910MH2005PTC154930	AURA REALFINVEST PRIVATE LIMITED	Additional director	10/12/2010	10/12/2010	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Prakash
Designation :	Accountant

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.06.2013

Category	Total No. of Shares	Total Shareholding as a % of total No. of Shares
(A) Shareholding of Promoter and Promoter Group
(1) Indian
Individuals / Hindu Undivided Family	1,346,730	27.68
Bodies Corporate	1,661,234	34.15
Any Others (Specify)	463,296	9.52
Trusts	463,296	9.52
Sub Total	3,471,260	71.35
(2) Foreign
Total shareholding of Promoter and Promoter Group (A)	3,471,260	71.35
(B) Public Shareholding
(1) Institutions	--	--
(2) Non-Institutions
Bodies Corporate	1,382,300	28.41
Individuals
Individual shareholders holding nominal share capital up to Rs.0.100 Millions	2050	0.24
Sub Total	1,3843,50	28.65
Total Public shareholding (B)	1,3843,50	28.65
Total (A)+(B)	4,865,000	100.00
(C) Shares held by Custodians and against which Depository Receipts have been issued	-	-
(1) Promoter and Promoter Group	-	-
(2) Public	-	-
Sub Total	-	-
Total (A)+(B)+(C)	4,865,000	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer and Exporter of Laboratory Stirrers and Magnetic Stirrers and Centrifuges.

Products :

Product Description	Item Code No. (ITC Code)
Electric Motors	850110.02
Laboratory Equipments	841899

· H.P. Motors

· Laboratory Stirrers

· BOD Incubators

· Environmental Test Chambers

· Rotary Shakers

· Blood Bank Refrigerators

· High Speed Centrifuges

· Laboratory and Blood Banking instruments

· A.C Fans and D C Fans, Solar Fans

· Electric Motors and Geared Motors

· Stainless Steel Welded / Seamless Pipes and Tubes

· Industrial Agitators and Mixers

Terms :

Selling :

Cash and Credit

Purchasing :

Cash and Credit

PRODUCTION STATUS (AS ON 31.03.2011)

Particulars	Unit	Installed Capacity	Actual Production
Electrical Motors	Nos.	83000	78894
Laboratory Instruments	Nos.	--	32571

GENERAL INFORMATION

Customers :

Manufacturer

No. of Employees :

Not Divulged

Bankers :

· State Bank of India, Industrial Finance Branch, 2nd Floor, The Arcade, World trade Centre, Cuff Parade, Mumbai - 400005, Maharashtra, India

· Small Industries Development Bank of India, 11-13, Atlanta, 209, V.K. Shah Marg, Nariman Point, Mumbai - 400021, Maharashtra, India

· Dena Bank, Versova Branch, Bombay - 400058, Maharashtra, India

Facilities :

Secured Loan	31.03.2012 [Rs. in Millions]	31.03.2011 [Rs. in Millions]
From State Bank of India
Term Loan	6.679	13.308
Other Loans and Advances	0.265	0.223
Working Capital Loans and Banks	109.975	99.985
Total	116.919	113.516
Unsecured Loan	31.03.2012 [Rs. in Millions]	31.03.2011 [Rs. in Millions]
Deferred Payment Liabilities	2.968	2.968
Deposits	153.008	120.979
Total	155.976	123.9477

Banking Relations :	--
Auditors :
Name :	Sundarlal Desai and Kanodia
Address :	Chartered Accountants
Tel. No.:	903, Arcadia, 195, N.C.P.A. Road, Mumbai- 400 021, Maharashtra, India
Associates:	· Remi Process Plant and Machinery Limited · Remi Metal Gujarat Limited · Calplus Trading Private Limited · Remi Edelstahl Tubulars Limited · Bajrang Finance Limited

CAPITAL STRUCTURE

AS ON 31.03.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
5500000	Equity Shares	Rs.10/- each	Rs.55.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
4865000	Equity Shares	Rs.10/- each	Rs.48.650 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	48.650	48.650
(b) Reserves & Surplus	550.059	524.742
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000
Total Shareholders’ Funds (1) + (2)	598.709	573.392
(3) Non-Current Liabilities
(a) long-term borrowings	162.920	137.478
(b) Deferred tax liabilities (Net)	12.816	11.167
(c) Other long term liabilities	134.033	6.383
(d) long-term provisions	0.000	0.000
Total Non-current Liabilities (3)	309.769	155.028
(4) Current Liabilities
(a) Short term borrowings	109.976	99.985
(b) Trade payables	79.277	106.116
(c) Other current liabilities	35.690	16.588
(d) Short-term provisions	6.065	7.106
Total Current Liabilities (4)	231.008	229.795
TOTAL	1139.486	958.215
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	157.463	153.554
(ii) Intangible Assets	2.047	0.289
(iii) Capital work-in-progress	0.000	0.000
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	0.448	0.448
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	26.384	24.819
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	186.342	179.110
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	743.678	584.676
(c) Trade receivables	178.884	182.977
(d) Cash and cash equivalents	2.119	2.227
(e) Short-term loans and advances	28.309	9.158
(f) Other current assets	0.153	0.067
Total Current Assets	953.143	779.105
TOTAL	1139.484	958.215

SOURCES OF FUNDS		31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		48.650
2] Share Application Money		0.000
3] Reserves & Surplus		110.950
4] (Accumulated Losses)		0.000
NETWORTH		159.600
LOAN FUNDS
1] Secured Loans		93.085
2] Unsecured Loans		31.970
TOTAL BORROWING		125.055
DEFERRED TAX LIABILITIES		9.301
TOTAL		293.956
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		151.351
Capital work-in-progress		0.000
INVESTMENT		0.447
DEFERREX TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	88.285
	Sundry Debtors	148.746
	Cash & Bank Balances	1.161
	Other Current Assets	0.000
	Loans & Advances	30.814
Total Current Assets		269.006
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	103.466
	Other Current Liabilities	17.264
	Provisions	6.118
Total Current Liabilities		126.848
Net Current Assets		142.158
MISCELLANEOUS EXPENSES		0.000
TOTAL		293.956

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income	656.829	695.572	548.462
		Other Income	1.815	1.156	11.181
		TOTAL (A)	658.644	696.728	559.643
Less	EXPENSES
		Consumption of Raw Materials	400.636	443.528	329.423
		Purchase of Traded Goods	78.427	395.746	4.222
		Manufacturing Expenses	0.000	0.000	64.039
		Employees' Remuneration and Benefits	56.003	54.189	50.521
		Administrative, Selling and Other Expenses	203.824	219.686	57.401
		Increase /(Decrease) in Stocks	(162.288)	(487.425)	(9.096)
		TOTAL (B)	576.602	625.724	496.510
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		82.042	71.004	63.133
Less	FINANCIAL EXPENSES (D)		34.511	18.438	12.534
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		47.531	52.566	50.599
Less/ Add	DEPRECIATION/ AMORTISATION (F)		9.755	9.743	9.023
	PROFIT BEFORE TAX (E-F) (G)		37.776	42.823	41.576
Less	TAX (H)		12.458	14.352	15.028
	PROFIT AFTER TAX (G-H) (I)		25.318	28.471	26.548
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		69.646	51.175	29.627
Less	APPROPRIATIONS
		Transfer to General Reserve	5.000	10.000	5.000
	BALANCE CARRIED TO THE B/S		89.964	69.646	51.175
	Earnings Per Share (Rs.)		5.20	5.85	5.44

QUARTERLY RESULTS

PARTICULARS	30.09.2012	31.12.2012	31.03.2013	30.06.2016
Type	1^st Quarter	2^ndQuarter	3^rd Quarter	4^th Quarter
Net Sales	182.600	144.800	559.100	181.200
Total Expenditure	159.800	128.800	498.100	153.800
PBIDT (Excl OI)	22.700	16.000	61.000	27.500
Other Income	0.200	0.200	1.300	1.000
Operating Profit	23.000	16.200	62.300	28.500
Interest	7.600	7.400	6.100	6.600
Exceptional Items	0.000	0.000	0.000	0.000
PBDT	15.400	8.800	56.200	21.900
Depreciation	2.600	2.600	2.700	2.600
Profit Before Tax	12.800	6.300	53.500	19.300
Tax	4.200	2.000	17.600	6.300
Provisions and contingencies	0.000	0.000	0.000	0.000
Profit After Tax	8.600	4.300	35.900	13.000
Extraordinary Items	0.000	0.000	0.000	0.000
Prior Period Expenses	0.000	0.000	0.000	0.000
Other Adjustments	0.000	0.000	0.000	0.000
Net Profit	8.600	4.300	35.900	13.000

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	3.84	4.08	4.74
Net Profit Margin (PBT/Sales)	(%)	5.75	6.16	7.58
Return on Total Assets (PBT/Total Assets}	(%)	3.32	4.59	9.89
Return on Investment (ROI) (PBT/Networth)		0.06	0.07	0.26
Debt Equity Ratio (Total Liability/Networth)		0.47	0.19	1.58
Current Ratio (Current Asset/Current Liability)		4.13	3.39	2.12

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	No
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	--
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	No
20]	Export / Import details (if applicable)	No
21]	Market information	--
22]	Litigations that the firm / promoter involved in	--
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	--
26]	Buyer visit details	--
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	No
31]	Date of Birth of Proprietor/Partner/Director, if available	No
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

NOTE:

Registered office of the company has been shifted from 14 Shah Industrial Estateveera Desai Road, Andheri West, Mumbai – 400053, Maharashtra, India to Present address

FORM 8:

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10385839	20/09/2012	450,000,000.00	STATE BANK OF INDIA	INDUSTRIAL FINANCE BRANCH, WORLD TRADE CENTRE, CU FFE PARADE, MUMBAI, Maharashtra - 400005, INDIA	B61863882
2	10366922	09/07/2012	450,000,000.00	State Bank of India	Industrial Finance Branch, 2nd Floor, The Arcade, World trade Centre, Cuff Parade, Mumbai, Maharash tra - 400005, INDIA	B44301422
3	10367108	14/06/2012	642,200,000.00	State Bank of India	Industrial Finance Branch, 2nd Floor, The Arcade, World trade Centre, Cuff Parade, Mumbai, Maharash tra - 400005, INDIA	B44300754
4	10309758	12/08/2011	53,300,000.00	State Bank of India	Industrial Finance Branch, 2nd Floor, The Arcade, World Trade Centre, Cuffe Parade, Colaba, Mumbai, Maharashtra - 400005, INDIA	B22361513
5	80002515	10/09/2012 *	192,200,000.00	State Bank of India	Industrial Finance Branch, 2nd Floor, The Arcade,, World Trade Centre, Cuffe Parade, Mumbai, Mahara shtra - 400005, INDIA	B57809113

OPERATIONS:

The sales of the products of the Company during the year are less due to stiff competition and the recessional trend. The increases in the input cost and the loss of business in international bid for domestic supply of laboratory instruments have also contributed to the reduced net sales. Profit for the year has also gone down as a consequence.

The Company has already developed new type of laboratory products which are generally imported in the country and upgraded existing laboratory products as new models. It has also planned to start production of Flame Proof Motors and Mounton Gear Boxes. These will reflect in the profitability of the current financial year 2012-13.

FIXED ASSETS:

· Lease Hold Land

· Lease Hold Land

· Staff Quarters

· Factory Building (A)

· Factory Building (V)

· Plant and Machinery

· Moulds, and Dies

· Electric Installation

· Office Equipments

· Furniture and Fixture

· Air Conditioner

· Motor Car

· Computer

· Computer Software

· Goodwill A/c

· Fire extinguisher

· Testing Equipments

· Borewell

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

6] Records on Int’l Anti-Money Laundering Laws/Standards :

Charges or investigation registered against subject: None

7] Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

8] Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

9] Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

CONTRAVENTION

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.30
UK Pound	1	Rs.97.99
Euro	1	Rs.83.15

INFORMATION DETAILS

Information Gathered by :	NYN
Report Prepared by :	SDA

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	5
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	YES
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	YES
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		47

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
-	NB	New Business	-

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.