MIRA INFORM REPORT

Report Date :

25.10.2013

IDENTIFICATION DETAILS

Name :	FOWLER WESTRUP (INDIA) PRIVATE LIMITED (w.e.f.30.05.2002)
Formerly Known As :	FOWLER WESTRUP (INDIA) LIMITED
Registered Office :	Raj Mahal Building, 4^th Floor, 84, Veer Nariman Road, Mumbai – 400 024, Maharashtra
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	27.01.2000
Com. Reg. No.:	11-123855
Capital Investment / Paid-up Capital :	Rs.74.500 Millions
CIN No.: [Company Identification No.]	U74999MH2000PTC123855
TAN No.: [Tax Deduction & Collection Account No.]	BLRF00404F
PAN No.: [Permanent Account No.]	AAACF5164H
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturing of Post Harvest Agricultural Processing Machinery and Transformer Oil Conditioning Machinery.
No. of Employees :	400 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (43)

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

Maximum Credit Limit :	USD 2320000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is a joint venture between John Fowler (India) Private Limited and Westrup A/S, Denmark. It is an established company having satisfactory track record. There appears dip in profit of the company. However, overall financial of the company appears to be satisfactory. Trade relations are reported to be fair. Business is active. Payment terms are reported to be usually correct. The company can be considered for business dealing at usual trade terms and conditions.

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 – March 31^st, 2013

Country Name	Previous Rating (31.12.2012)	Current Rating (31.03.2013)
India	A1	A1

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

INDIAN ECONOMIC OVERVIEW

India’s current account deficit or CAD in April-June widened to 4.9 % of gross domestic product. High imports of gold and oil led to a worsening of the trade deficit, resulting in CAD jumping to $ 21.8 billion to the latest quarter from $ 16.9 billion in the corresponding quarter of the previous financial year. The government aims to bring down CAD to 3.7 % or $ 70 billion, in 2013/14, from 4.8 % or $ 88.2 billion in 2012/13.

The finance ministry has started preparations for Budget 2014/15. With general elections scheduled to be held by May next year, there will only be an interim budget. The new government will present the fiscal Budget.

The Supreme Court has barred clinical trials for new drugs till a monitoring mechanism is put in place to protect the lives of people on which the drugs are tested.

Mumbai has been named the world’s second most honest city according to a survey on 15 cities worldwide by Readers’ Digest magazine. Finnish capital Helsinki bagged the top spot for the world’s most honest city while Lisbon, the capital of Portugal, proved to be the least honest.  The survey put hundreds of people to test in four continents to find out just how honest they were by dropping wallets and seeing how many would be returned.

3.7 % Growth of the core sector in August, a seven month high. This takes the overall growth in April-August this year to 2.3 % compared with 6.3 % in the corresponding period next financial year.

$19 million Estimated average spending by companies across the globe including India, on social media this year, according to a global study by information technology major Tata Consultancy Services. This will rise to $ 24 million in 2015.

Rising inflation, fewer employment avenues and dwindling earnings are taking a toll on the spending capacity in India. Over 72 % respondents from middle and lower middle income families would be forced to slash their Diwali expenditure by 40 % and on average spend nearly 25 % of their monthly salary on Diwali, according to a survey by Assochem.

Analysts believe the shutdown of the US government would have limited impact in sectors such as IT or tourism that are dependent on Visa clearances.

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 (GENERAL DETAILS)

Name :	Mr. Ramesh
Designation :	Sales Executive
Contact No.:	91-9619274989
Date :	23.10.2013

LOCATIONS

Registered Office :	Raj Mahal Building, 4^th Floor, 84, Veer Nariman Road, Mumbai – 400 024, Maharashtra, India
Tel. No.:	91-22-27832992/ 27832995/ 25918351
Mobile No.:	91-9619274989 (Mr. Ramesh Pasate)
Fax No.:	91-22-25916456/ 27831594
E-Mail :	lakshmanan@fowlerwetrup.com jagati@fowlerwestrup.com fwl@fowlerwestrup.com fwl@vsnl.in
Website :	www.fowlerwestrup.com
Location :	Owned
Corporate Office/ Factory 1 :	Plot No.249/250, 3^rd Phase, Bommasandra Industrial Area, Bangalore – 560 099, Karnataka, India
Tel. No.:	91-80-27832992/ 27831594/ 27834440/ 27834441
Fax No.:	91-80-27831594
E-Mail :	fwl@fowlerwestrup.com
Factory 2 :	Plot No.60-63, KIADB Industrial Area, Malur, Kolar District – 563 130, Karnataka, India
Tel. No.:	91-8152-282500
Fax No.:	91-8152-282555
Regional Office :	Located at: · New Delhi · Kolkata · Mumbai · Coimbatore · Hyderabad

DIRECTORS

AS ON 15.07.2013

Name :

Mr. Badrinarayan Ramulal Barwale

Designation :

Director

Address :

72-B, Urvashi Prtit Estate, Nepean Sea Road, Mumbai – 400 006, Maharashtra, India

Date of Birth/Age :

13.08.1931

Date of Appointment :

27.01.2000

DIN No.:

00001479

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	U01100MH1970PLC014600	MAHARASHTRA HYBRID SEEDS COMPANY LIMITED	Director	04-05-70	04-05-70	-	Active	NO
2	U01110MH1972PLC015630	JALNA SEEDS PROCESSING AND REFRIGERATION COMPANY LIMITED	Director	23-12-78	23-12-78	-	Active	NO
3	U99999MH1958PTC011014	AMRITLAL CHEMAUX PRIVATE LIMITED	Director	25-08-82	25-08-82	-	Active	NO
4	U24110MH1984PTC034809	MARATHAWADA REALTORS PRIVATE LIMITED	Director	14-12-84	14-12-84	14-11-07	Active	NO
5	L99999MH1982PLC026903	SHRENUJ AND COMPANY LIMITED	Director	17-09-87	17-09-87	-	Active	NO
6	U73100MH1987GAP042298	BARWALE FOUNDATION	Director	21-10-87	21-10-87	-	Active	NO
7	U65990MH1990PTC055398	ALMET HEALTHCARE PRIVATE LIMITED	Director	12-02-90	12-02-90	-	Active	NO
8	U67120MH1990PTC055473	HARIRANI INVESTMENT AND TRADING PRIVATE LIMITED	Director	15-02-90	15-02-90	-	Active	NO
9	U67120MH1990PTC055474	HARBHAJAN INVESTMENT AND TRADING PRIVATE LIMITED	Director	15-02-90	15-02-90	-	Active	NO
10	U65990MH1990PTC055475	DUDHNA INVESTMENT AND TRADING PRIVATE LIMITED	Director	15-02-90	15-02-90	-	Active	NO
11	U65990MH1990PTC055470	RAJUR GANAPATI INVESTMENT AND TRADING PRIVATE LIMITED	Director	15-02-90	15-02-90	-	Active	NO
12	U67120MH1990PTC055592	JOHN FOWLER OCULAR LENSES PRIVATE LIMITED	Director	28-02-90	28-02-90	-	Active	NO
13	U73200MH1986NPL041521	CENTRE FOR ADVANCEMENT OF PHILANTHROPY.	Director	08-12-90	08-12-90	18-09-09	Active	NO
14	U65999MH1953PTC009189	JOHN FOWLER (INDIA) PRIVATE LIMITED	Director	25-03-91	25-03-91	-	Active	NO
15	U70101MH1939PTC002945	SOMAIYA PROPERTIES AND INVESTMENTS PRIVATE LIMITED	Director	04-08-93	04-08-93	24-04-09	Active	NO
16	U85100MH1995PTC094853	JOHN FOWLER OPHTHALMICS PRIVATE LIMITED	Director	29-11-95	29-11-95	14-11-07	Active	NO
17	U65990MH1996PLC099431	GANGABISHAN BHIKULAL INVESTMENT AND TRADING LIMITED	Director	10-05-96	10-05-96	-	Active	NO
18	U73100MH1997PLC111505	MAHYCO MONSANTO BIOTECH (INDIA) LIMITED	Director	23-10-97	23-10-97	-	Active	NO
19	U29219MH1998PTC115973	DICKINSON FOWLER PRIVATE LIMITED	Director	27-07-98	27-07-98	-	Active	NO
20	U01120MH1999PLC122855	MAHYCO VEGETABLE SEEDS LIMITED	Director	01-12-99	01-12-99	-	Amalgamated	NO
21	U74999MH2000PTC123855	FOWLER WESTRUP (INDIA) PRIVATE LIMITED	Director	27-01-00	27-01-00	-	Active	NO
22	U91990MH2001NPL133451	MAHARAJA AGRESEN FOUNDATION	Director	24-09-01	24-09-01	-	Active	NO
23	U40107MH1995PLC084203	MAHYCO SEEDS LIMITED	Director	20-08-02	20-08-02	-	Amalgamated	NO
24	U74999MH1991PLC061969	SUNGRO SEEDS LIMITED	Director	28-10-05	28-10-05	-	Active	NO
25	U67120MH2006PTC159783	BARWALE INVESTMENT AND TRADING PRIVATE LIMITED	Director	16-02-06	16-02-06	-	Amalgamated	NO
26	U65990MH1990PTC055515	MARATHAWADA ENGINEERS PRIVATE LIMITED	Director	30-09-08	28-04-08	-	Active	NO
27	U73100MH2009PTC191681	NANOPHORE LIFE SCIENCES PRIVATE LIMITED	Director	15-04-09	15-04-09	13-09-12	Strike off	NO
28	U67120MH1956PLC009707	GODAVARI BIOREFINERIES LIMITED	Director	12-08-09	24-04-09	-	Active	NO

Name :

Mr. Rajendra Badrinarayan Barwale

Designation :

Director

Address :

72-B, Urvashi Prtit Estate, Nepean Sea Road, Mumbai – 400 006, Maharashtra, India

Date of Birth/Age :

12.12.1955

Date of Appointment :

05.02.2001

DIN No.:

00001678

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	U01110MH1978PTC020708	BARWALE SEEDS PRIVATE LIMITED	Director	19-10-78	19-10-78	-	Active	NO
2	U01110MH1972PLC015630	JALNA SEEDS PROCESSING AND REFRIGERATION COMPANY LIMITED	Director	23-12-78	23-12-78	-	Active	NO
3	U24110MH1984PTC034809	MARATHAWADA REALTORS PRIVATE LIMITED	Director	26-02-85	26-02-85	14-11-07	Active	NO
4	U73100MH1987GAP042298	BARWALE FOUNDATION	Director	21-10-87	21-10-87	-	Active	NO
5	U29290MH1960PLC059367	ALMET CORPORATION LIMITED	Director	14-09-89	14-09-89	14-11-07	Active	NO
6	U65990MH1990PTC055398	ALMET HEALTHCARE PRIVATE LIMITED	Director	12-02-90	12-02-90	-	Active	NO
7	U65990MH1990PTC055402	NEEMUCH INVESTMENT AND TRADING PRIVATE LIMITED	Director	12-02-90	12-02-90	26-07-13	Active	NO
8	U65990MH1990PTC055468	JAMWADI INVESTMENT AND TRADING PRIVATE LIMITED	Director	15-02-90	15-02-90	-	Active	NO
9	U67120MH1990PTC055473	HARIRANI INVESTMENT AND TRADING PRIVATE LIMITED	Director	15-02-90	15-02-90	-	Active	NO
10	U67120MH1990PTC055474	HARBHAJAN INVESTMENT AND TRADING PRIVATE LIMITED	Director	15-02-90	15-02-90	-	Active	NO
11	U65990MH1990PTC055475	DUDHNA INVESTMENT AND TRADING PRIVATE LIMITED	Director	15-02-90	15-02-90	-	Active	NO
12	U65990MH1990PTC055470	RAJUR GANAPATI INVESTMENT AND TRADING PRIVATE LIMITED	Director	15-02-90	15-02-90	-	Active	NO
13	U65990MH1990PTC055467	AKSHNISHIT INVESTMENT AND TRADING PRIVATE LIMITED	Director	15-02-90	15-02-90	26-07-13	Active	NO
14	U67120MH1990PTC055472	NIDHONA INVESTMENT AND TRADING PRIVATE LIMITED	Director	15-02-90	15-02-90	26-07-13	Active	NO
15	U65990MH1990PTC055515	MARATHAWADA ENGINEERS PRIVATE LIMITED	Director	20-02-90	20-02-90	-	Active	NO
16	U67120MH1990PTC055591	CHITTODA INVESTMENT AND TRADING PRIVATE LIMITED	Director	28-02-90	28-02-90	-	Active	NO
17	U67120MH1990PTC055592	JOHN FOWLER OCULAR LENSES PRIVATE LIMITED	Director	28-02-90	28-02-90	-	Active	NO
18	U65999MH1953PTC009189	JOHN FOWLER (INDIA) PRIVATE LIMITED	Director	25-03-91	25-03-91	-	Active	NO
19	U31503MH1987PTC247879	R.B.ASSOCIATES PRIVATE LIMITED	Director	16-03-93	16-03-93	-	Active	NO
20	U85100MH1995PTC094853	JOHN FOWLER OPHTHALMICS PRIVATE LIMITED	Director	29-11-95	29-11-95	14-11-07	Active	NO
21	U65990MH1996PLC099431	GANGABISHAN BHIKULAL INVESTMENT AND TRADING LIMITED	Director	10-05-96	10-05-96	-	Active	NO
22	U74899DL1991PLC044605	SUNGRO SEED EXPORTS LIMITED	Director	29-07-96	29-07-96	-	Amalgamated	NO
23	U01135JK1973PLC000388	SUNGRO SEEDS RESEARCH LIMITED	Director	29-07-96	29-07-96	-	Amalgamated	NO
24	U73100MH1997PLC111505	MAHYCO MONSANTO BIOTECH (INDIA) LIMITED	Director	23-10-97	23-10-97	-	Active	NO
25	U29219MH1998PTC115973	DICKINSON FOWLER PRIVATE LIMITED	Director	27-07-98	27-07-98	-	Active	NO
26	U01120MH1999PLC122855	MAHYCO VEGETABLE SEEDS LIMITED	Director	01-12-99	01-12-99	-	Amalgamated	NO
27	U74999MH1972PLC015791	SEED TRADE ASSOCIATION OF MAHARASHTRA LIMITED	Director	22-11-00	22-11-00	-	Strike off	NO
28	U74999MH2000PTC123855	FOWLER WESTRUP (INDIA) PRIVATE LIMITED	Director	05-02-01	05-02-01	-	Active	NO
29	U01110MH1992NPL066942	ASSOCIATION OF SEED INDUSTRY	Director	09-10-01	09-10-01	-	Active	NO
30	U40107MH1995PLC084203	MAHYCO SEEDS LIMITED	Managing director	07-03-08	07-03-03	-	Amalgamated	NO
31	U01100MH1970PLC014600	MAHARASHTRA HYBRID SEEDS COMPANY LIMITED	Managing director	18-08-13	18-08-03	-	Active	NO
32	U73100DL1990PLC041486	BIOTECH CONSORTIUM INDIA LIMITED	Director	24-11-03	24-11-03	05-09-13	Active	NO
33	U30007KA1998PTC024374	S.R. NOVA PRIVATE LIMITED	Director	24-06-04	24-06-04	-	Active	NO
34	U91990MH2005NPL153954	INDIAN FOUNDATION SEED AND SERVICES ASSOCIATION	Director	14-06-05	14-06-05	-	Active	NO
35	U74999MH1991PLC061969	SUNGRO SEEDS LIMITED	Director	28-10-05	28-10-05	-	Active	NO
36	U67120MH2006PTC159783	BARWALE INVESTMENT AND TRADING PRIVATE LIMITED	Director	16-02-06	16-02-06	-	Amalgamated	NO
37	U72200KA2001PTC069316	TECHSET COMPOSITION INDIA PRIVATE LIMITED	Director	27-09-07	29-08-07	-	Active	NO
38	U73100MH2009PTC191681	NANOPHORE LIFE SCIENCES PRIVATE LIMITED	Director	15-04-09	15-04-09	-	Strike off	NO
39	U15100MH2004PLC148387	TUNIP AGRO LIMITED	Director	24-12-10	25-10-10	-	Active	NO
40	U80302PN2001PLC135348	MAHARASHTRA KNOWLEDGE CORPORATION LIMITED	Director appointed in casual vacancy	15-01-11	15-01-11	-	Active	NO

Name :

Mr. Ramkrishan Jalan

Designation :

Director

Address :

56, Rajmahal Vilas Extension, 1^st Block, 4^th Cross, Bangalore – 560 094, Karnataka, India

Date of Birth/Age :

30.07.1943

Date of Appointment :

15.07.2013

DIN No.:

00012430

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	Company/ LLP Status	Defaulting status
1	U65999MH1953PTC009189	JOHN FOWLER (INDIA) PRIVATE LIMITED	Director	31-07-91	31-07-91	Active	NO
2	U31503MH1987PTC247879	R.B.ASSOCIATES PRIVATE LIMITED	Director	16-03-93	16-03-93	Active	NO
3	U99999KA1995PTC018634	TRINCAS INDIA PRIVATE LIMITED	Director	05-03-96	05-03-96	Strike off	NO
4	U29219MH1998PTC115973	DICKINSON FOWLER PRIVATE LIMITED	Director	11-12-98	11-12-98	Active	NO
5	U74999MH2000PTC123855	FOWLER WESTRUP (INDIA) PRIVATE LIMITED	Director	15-07-13	05-02-01	Active	NO
6	U30007KA1998PTC024374	S.R. NOVA PRIVATE LIMITED	Managing director	04-03-02	04-03-02	Active	NO
7	U51103KA1989PTC010176	S R NOVA COMMERCIAL PRIVATE LIMITED	Director	29-07-06	29-07-06	Active	NO
8	U72200KA2001PTC069316	TECHSET COMPOSITION INDIA PRIVATE LIMITED	Director	27-09-07	29-08-07	Active	NO

Name :

Mr. Arun Kannan Thiagarajan

Designation :

Director

Address :

Grace Home, 37, Kanakpura Road, Basavanagudi, Bangalore – 560 034, Karnataka, India

Date of Birth/Age :

17.09.1944

Date of Appointment :

19.12.2007

DIN No.:

00292757

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	U72200KA1976PLC027564	ADITYA BIRLA MINACS IT SERVICES LIMITED	Director	02-04-02	02-04-02	-	Amalgamated	NO
2	U72200KA2000PLC027405	WEP PERIPHERALS LIMITED	Director	22-01-03	22-01-03	10-08-07	Active	NO
3	L85110KA1930PLC000124	ING VYSYA BANK LIMITED	Director	30-01-03	30-01-03	-	Active	NO
4	L32209KA1988PLC009313	ADC INDIA COMMUNICATIONS LIMITED	Director	20-10-03	20-10-03	07-08-11	Active	NO
5	U72200MH2004PTC179939	CITEC ENGINEERING INDIA PRIVATE LIMITED	Director	11-02-04	11-02-04	-	Active	NO
6	U85110KA1996PLC021262	GMR ENERGY LIMITED	Director	08-03-04	08-03-04	24-10-12	Active	NO
7	U99999KA1995PLC052040	ADITYA BIRLA MINACS WORLDWIDE LIMITED	Director	07-01-05	07-01-05	-	Active	NO
8	U72200KA2000PLC031939	ADITYA BIRLA MINACS TECHNOLOGIES LIMITED	Director	22-01-05	22-01-05	04-05-09	Amalgamated	NO
9	L45203KA1996PLC034805	GMR INFRASTRUCTURE LIMITED	Director	02-09-05	02-09-05	11-09-12	Active	NO
10	L74140MH1992PLC068379	ALSTOM India Limited	Director	28-12-05	28-12-05	-	Active	NO
11	L31300MH1957PLC010964	CABLE CORPORATION OF INDIA LIMITED	Director	30-01-06	30-01-06	30-06-09	Active	NO
12	L85110TZ1955PLC015049	TTK PRESTIGE LIMITED	Director	25-05-06	25-05-06	-	Active	NO
13	L32100GJ1996PLC030976	IDEA CELLULAR LIMITED	Director	30-09-06	02-09-06	-	Active	NO
14	U72200KA2001PTC069316	TECHSET COMPOSITION INDIA PRIVATE LIMITED	Director	27-09-07	29-08-07	-	Active	NO
15	U72200KA2007FTC043627	CITEC INFORMATION INDIA PRIVATE LIMITED	Director	11-02-09	11-09-07	-	Amalgamated	NO
16	U74999MH2000PTC123855	FOWLER WESTRUP (INDIA) PRIVATE LIMITED	Director	19-12-07	19-12-07	-	Active	NO
17	U85110KA1974PLC002568	BHURUKA GASES LIMITED	Director	30-09-08	17-04-08	28-01-09	Active	NO
18	L18101KA2004PLC033475	GOKALDAS EXPORTS LIMITED	Director	22-09-09	01-02-09	-	Active	NO

Name :

Mr. Vijaykumar Balakrishna Kilar

Designation :

Managing Director

Address :

F-602, Red Wood, Raheja Residency, 3^rd Block, Koramangala, Bangalore – 560 034, Karnataka, India

Date of Birth/Age :

01.12.1952

Qualification :

BE (Chem. Engg)

Date of Appointment :

01.09.2003

DIN No.:

00394346

Name :

Mr. Arun Balbhadra Goyal

Designation :

Alternate Director

Address :

334, Jennifer Lane, Rosells, IL, 60172, United States of America

Date of Birth/Age :

04.05.1945

Date of Appointment :

15.07.2013

DIN No.:

01381528

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	Company/ LLP Status	Defaulting status
1	U65999MH1953PTC009189	JOHN FOWLER (INDIA) PRIVATE LIMITED	Director	31-07-91	31-07-91	Active	NO
2	U74999MH2000PTC123855	FOWLER WESTRUP (INDIA) PRIVATE LIMITED	Director	15-07-13	01-08-01	Active	NO

Name :

Mr. Peter Thorn

Designation :

Director

Address :

Atterbakkevej 18, Dysted Holnegaard, 4684, Denmark

Date of Birth/Age :

29.09.1966

Date of Appointment :

12.12.2008

DIN No.:

02539405

Name :

Mr. Subramanian Vishwanathan

Designation :

Alternate Director

Address :

589, 12^th A Cross, 8^th Main, J.P. Nagar, 2^nd Phase, Bangalore – 560 078, Karnataka, India

Date of Birth/Age :

16.12.1952

Date of Appointment :

06.09.2013

DIN No.:

00012401

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	U31503MH1987PTC247879	R.B.ASSOCIATES PRIVATE LIMITED	Director	24-11-97	24-11-97	-	Active	NO
2	U65999MH1953PTC009189	JOHN FOWLER (INDIA) PRIVATE LIMITED	Managing director	01-04-12	31-10-01	-	Active	NO
3	U30007KA1998PTC024374	S.R. NOVA PRIVATE LIMITED	Director	24-06-04	24-06-04	-	Active	NO
4	U72200KA2001PTC069316	TECHSET COMPOSITION INDIA PRIVATE LIMITED	Director	27-09-07	29-08-07	-	Active	NO
5	U93000KA1964ULL001532	KARNATAKA STATE INDUSTRIAL AND INFRASTRUCTURE DEVELOPMENT CORPORATION LIMITED	Director	16-04-08	16-04-08	19-05-09	Active	NO
6	U29219MH1998PTC115973	DICKINSON FOWLER PRIVATE LIMITED	Alternate director	21-03-13	21-03-13	-	Active	NO
7	U74999MH2000PTC123855	FOWLER WESTRUP (INDIA) PRIVATE LIMITED	Alternate director	06-09-13	06-09-13	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Ramesh
Designation :	Sales Executive
Name :	Mr. Omprakash Jagati
Designation :	Secretary
Address :	1208, Nandi Park, Near Gottigheri Bus Stop, Bannarghatta Main Road, Bangalore – 560 083, Karnataka, India
Date of Birth/Age :	05.10.1961
Date of Appointment :	15.11.2002
PAN No.:	ABQPJ7408Q

MAJOR SHAREHOLDERS

AS ON 15.07.2013

Names of Shareholders	No. of Shares
John Fowler (India) Private Limited	4450000
Westrup A/S	3000000
Total	7450000

Equity Share Break up (Percentage of Total Equity)

AS ON 15.07.2013

Category	Percentage
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	40.00
Bodies corporate	60.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturing of Post Harvest Agricultural Processing Machinery and Transformer Oil Conditioning Machinery.

Products :

Item Code No. (ITC Code)	842119.09
Product Description	Transformer Oil Conditioning Machinery
Item Code No. (ITC Code)	843710.00
Product Description	Agricultural Products Processing Machinery

Terms :

Selling :

L/C and Credit

Purchasing :

L/C and Credit

GENERAL INFORMATION

Customers :

End Users

No. of Employees :

400 (Approximately)

Bankers :

· Yes Bank Limited, 9^th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai – 400 018, Maharashtra, India

· HDFC Bank Limited

· ING Vysya Bank Limited, 22, M.G. Road, Bangalore – 560 001, Karnataka, India

· State Bank of India

· Barclays Bank Plc, 20/21, Kamaraj Salai, Kanchipuram – 631 501, Tamil Nadu, India

Facilities :

SECURED LOANS	31.03.2013 Rs. In Millions	31.03.2012 Rs. In Millions
Long Term Borrowings
Term loan from Banks (Mortgage against Factory against Factory Land)	242.292	223.331
Short Term Borrowings
Working Capital loans from Banks (Secured against current assets, Movable Fixed assets and Equitable mortgage of factory Building)	204.380	0.000
Total	446.672	223.331

Banking Relations :	--
Auditors :
Name :	Sharp and Tannan Chartered Accountants
Address :	Ravindra Annexe, 194, Churchgate Reclamation, Dishaw Vaccha Road, Mumbai – 400 020, Maharashtra, India
Tel. No.:	91-22-22047722/ 23/ 66338343-47
Fax No.:	91-22-66338352
E-Mail :	sharp@bom3.vsnl.net.in
PAN No.:	AAAFS2967E
Holding Company :	John Fowler (India) Private Limited
Company having substantial influence :	Westrup A/S, Denmark
Subsidiary :	Radix Systems Limited, United Kingdom
Parties where common control exists :	Dickinson Fowler Private Limited

CAPITAL STRUCTURE

AS ON 15.07.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
9000000	Equity Shares	Rs. 10/- each	Rs.90.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
7450000	Equity Shares	Rs. 10/- each	Rs.74.500 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	74.500	74.500	74.500
(b) Reserves & Surplus	507.291	454.895	377.345
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	581.791	529.395	451.845
(3) Non-Current Liabilities
(a) long-term borrowings	318.713	223.753	112.755
(b) Deferred tax liabilities (Net)	34.454	21.524	12.342
(c) Other long term liabilities	0.405	0.405	0.405
(d) long-term provisions	3.979	3.881	5.187
Total Non-current Liabilities (3)	357.551	249.563	130.689
(4) Current Liabilities
(a) Short term borrowings	204.380	0.000	0.000
(b) Trade payables	187.901	166.021	109.198
(c) Other current liabilities	222.812	147.389	103.567
(d) Short-term provisions	34.865	47.682	37.769
Total Current Liabilities (4)	649.958	361.092	250.534
TOTAL	1589.300	1140.050	833.068
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	432.646	389.621	250.212
(ii) Intangible Assets	14.308	29.483	41.361
(iii) Capital work-in-progress	486.801	97.789	147.849
(iv) Intangible assets under development	8.792	0.000	0.000
(b) Non-current Investments	57.434	57.434	57.433
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	55.958	0.000	0.000
(e) Other Non-current assets	0.000	6.978	3.556
Total Non-Current Assets	1055.939	581.305	500.411
(2) Current assets
(a) Current investments	0.000	0.000	10.000
(b) Inventories	105.638	106.654	94.459
(c) Trade receivables	213.797	170.713	150.672
(d) Cash and cash equivalents	108.569	158.711	20.595
(e) Short-term loans and advances	105.167	121.851	56.885
(f) Other current assets	0.190	0.816	0.046
Total Current Assets	533.361	558.745	332.657
TOTAL	1589.300	1140.050	833.068

PROFIT & LOSS ACCOUNT

	PARTICULARS			31.03.2013	31.03.2012	31.03.2011
	SALES
		Income
		Other Income
		TOTAL		NA	NA	NA
Less	EXPENSES
		TOTAL		NA	NA	NA
	PROFIT/(LOSS) BEFORE TAX			NA	NA	136.096
Less	TAX			NA	NA	36.068
	PROFIT/(LOSS) AFTER TAX			52.356	77.550	100.028
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD			378.330	300.780	200.752
	BALANCE CARRIED TO THE B/S			430.686	378.330	300.780
	EARNINGS IN FOREIGN CURRENCY
			Export Earnings	NA	NA	54.874
	TOTAL EARNINGS			NA	NA	54.874
	Earnings Per Share (Rs.)			7.03	NA	13.43

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
Return on Total Assets (PBT/Total Assets}	(%)	NA	NA	21.19
Return on Investment (ROI) (PBT/Networth)		NA	NA	0.30
Debt Equity Ratio (Total Debt /Networth)		0.90	0.42	0.25
Current Ratio (Current Asset/Current Liability)		0.82	1.55	1.33

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	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last three years	No
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	Yes
19]	Payments terms	Yes
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	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
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	No

NOTE: Registered office address of the company has been shifted from 19 Khetan Bhavan, 198 J Tata Road, Mumbai – 400 020, Maharashtra, India to the present address w.e.f.30.06.2007

UNSECURED LOANS:

Particulars	31.03.2013 Rs. In Millions	31.03.2012 Rs. In Millions
Long Term Borrowings
Borrowings	76.421	1.421
Total	76.421	1.421

INDEX OF CHARGE:

Sr. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10293861	24/06/2011	360,000,000.00	BARCLAYS BANK PLC	20/21, KAMARAJ SALAI, KANCHIPURAM, TAMIL NADU – 631 501, INDIA	B15646888
2	10267008	29/06/2011 *	360,000,000.00	BARCLAYS BANK PLC	20/21, KAMARAJ SALAI, KANCHIPURAM, TAMIL NADU – 631 501, INDIA	B15665474
3	10100833	27/06/2013 *	400,000,000.00	YES BANK LIMITED	9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD, WORLI, MUMBAI – 400 018, MAHARASHTRA, INDIA	B79052353
4	10110517	26/06/2013 *	400,000,000.00	YES BANK LIMITED	9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD, WORLI, MUMBAI – 400 018, MAHARASHTRA, INDIA	B79052908

* Date of charge modification

FIXED ASSETS:

· Land-Freehold

· Factory Building

· Plant and Machinery

· Furniture and Fixtures

· Office Equipments

· Vehicles

· Specialised Software

· Patents

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.61.41
UK Pound	1	Rs.99.53
Euro	1	Rs.84.82

INFORMATION DETAILS

Information Gathered by :	PLK
Report Prepared by :	NKT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	4
--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	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		43

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.