IRA INFORM REPORT

Report Date :

08.04.2014

IDENTIFICATION DETAILS

Name :	BULL MACHINES PRIVATE LIMITED
Registered Office :	No 17/A, Dr. Radha Krishhnan Road, Chinthamani Pudur, Coimbatore – 641103, Tamilnadu
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	02.12.1988
Com. Reg. No.:	18-002297
Capital Investment / Paid-up Capital :	Rs.2.500 Millions
CIN No.: [Company Identification No.]	U27109TZ1988PTC002297
TAN No.: [Tax Deduction & Collection Account No.]	CMBB03552D
PAN No.: [Permanent Account No.]	AAACB8772D
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Tractor Attachments.
No. of Employees :	(Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (45)

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

Maximum Credit Limit :	USD 570000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track record. Overall financial position of the company is decent. Trade relations are reported to be fair. Business is active. Payments 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 – December 1, 2013

Country Name	Previous Rating (30.09.2013)	Current Rating (01.12.2013)
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 for the fiscal third quarter ended September 2013 narrowed to $4.2 billion or 0.9 % of the gross domestic product from $31.9 billion or 6.5 % of GDP a year earlier, thanks to a pick-up in exports and moderation in gold imports. Manufacturing activity and new orders in India showed their strongest growth in a year in February. The news comes as a relief after data showed Asia’s third largest economy grew by a slower-than-expected 4.7 % annually in the three months through December. The HSBC Manufacturing Purchasing Managers’ Index which gauges the business activity of India’s factories but not its’ utilities, rose to 52.5 in February, its highest in a year from 51.4 in January. Overall new orders for factory goods which rose to a one-year high of 54.9 contributed to the surge. China has emerged as India’s biggest trading partner in the current financial year replacing the United Arab Emirates and pushing it to the third spot. India-China trade has reached $49.5 billion with a 8.7 % share in India’s total trade. The US comes second at $46 billion with 8.1 % share during the first nine months of the current financial year.

The Reserve Bank of India has granted an additional nine months to the public to exchange currency notes printed before 2005 including Rs 500 and Rs 1,000 denominations, pushing the deadline to January 1, 2015. A day before dates for the Lok Sabha polls were announced, the government decided to hike interest rates on fixed deposit schemes offered by post offices up to 0.2 per cent. The new rates will be effective April, 1. The Supreme Court will resume hearing on March, 11 Nokia’s appeal against a ruling over transferring ownership of its local mobile phones plant which is the subject of a tax dispute to Microsoft Corp.

In the last days of the current Government, another scam has surfaced. The defence ministry has ordered a probe into Hindustan Aeronautics Limited’s contracts from Britain’s Rolls-Royce Holdings worth at least $ 1.2 billion. The Central Bureau of Investigation will look into allegations that over $80 million was paid in kickbacks in a deal signed in 2011. India has asked Boeing Co. to find a solution for problems with state-owned Air India’s 787 Dreamliners. The aircraft has experienced a series of malfunctions since its debut in 2011.

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 DECLINED

MANAGEMENT NON-COOPERATIVE (Tel. No.: 91-422-2270859)

LOCATIONS

Registered Office :	No 17/A, Dr. Radha Krishhnan Road, Chinthamani Pudur, Coimbatore – 641103, Tamilnadu, India
Tel. No.:	91-422-2270859
Fax No.:	91-422-2270712
E-Mail :	fm@bullmachine.com
Website :	www.bullindia.com
Marketing Head Office :	H-101, Sector-63, Noida – 201301, Uttar Pradesh, India
Tel. No.:	91-120-3256574/ 4751333
Fax No.:	91-120-2427165
E-Mail :	dro@bullmachine.com
Corporate Office/ Factory :	S.F. No. 5/1 - A, Trichy Road, L and T By-Pass Junction, Coimbatore - 641103, Tamilnadu, India
Tel. No.:	91-422-2270859/ 6586677/ 6586655
Fax No.:	91-422-2270712/ 2270955
Branch Office :	Located at: · Noida Kolkata Secunderabad Ahmedabad Vijayawada Bhopal

DIRECTORS

As on 30.09.2013

Name :

Cherukoori Ramaswamy Naidu Swaminathan

Designation :

Director

Address :

D.No.112, GV Residency, Sowripalayam, Coimbatore – 641028, Tamilnadu, India

Date of Birth/Age :

25.12.1947

Date of Appointment :

29.09.2011

DIN No.:

00002169

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	L33129TZ1972PLC000641	PRICOL LIMITED	Director	25/12/1990	25/12/1990	-	Active	NO
2	U65921TZ1995PLC005937	STILLWATER ENTERPRISES INDIA LIMITED	Director	16/03/1995	16/03/1995	09/07/2008	Active	NO
3	U29199TZ1995PLC005945	MICRO INSTRUMENTS LIMITED	Director	15/10/1995	15/10/1995	25/02/2014	Active	NO
4	U27106TZ1994PTC005006	COIMBATORE DUCTRONS PRIVATE LIMITED	Director	11/03/1998	11/03/1998	-	Strike off	NO
5	L17115TZ1989PLC002491	GANGOTRI TEXTILES LIMITED	Director	31/01/2002	31/01/2002	28/01/2009	Active	NO
6	U17111TZ1954PTC000023	CHANDRA TEXTILES PRIVATE LIMITED	Director	28/09/2002	28/09/2002	-	Active	NO
7	U03210TZ1984PLC001400	UDHAYA SEMICONDUCTORS LIMITED	Nominee director	30/06/2003	30/06/2003	-	Active	NO
8	U02919TZ2003PTC010709	RAJYALAKSHMI MACHINE WORKS PRIVATE LIMITED	Director	07/08/2003	07/08/2003	-	Active	NO
9	U17115TZ1990PTC002663	PONGALUR PIONEER TEXTILES PRIVATE LIMITED	Director	29/03/2004	29/03/2004	04/02/2014	Active	NO
10	U17111TZ1973PTC000683	K SIVASUBRAMANIAN SPINNERS PRIVATE LIMITED	Director	02/06/2005	02/06/2005	18/06/2012	Active	NO
11	U45201TZ1997PTC008214	V L B PROPERTIES PRIVATE LIMITED	Director	03/04/2006	03/04/2006	-	Strike off	NO
12	U17111TZ1981PTC001096	SREE VENKATARAM TEXTILES PRIVATE LIMITED	Director	03/04/2006	03/04/2006	-	Active	NO
13	U74900TN2009PTC070709	ZOTICUS MIC LIGHTING PRIVATE LIMITED	Director	11/02/2009	11/02/2009	-	Active	NO
14	U51432TN2007PTC064418	SAI SHARANAGATHI TRADING PRIVATE LIMITED	Additional director	04/09/2009	04/09/2009	-	Active	YES
15	U27109TZ1988PTC002297	BULL MACHINES PRIVATE LIMITED	Director	29/09/2011	07/07/2011	-	Active	NO
16	L31103TZ1990PLC002836	MAGNA ELECTRO CASTINGS LIMITED	Director	29/08/2012	25/01/2012	-	Active	NO
17	U29290MH1973GAP016420	INDIAN MACHINE TOOL MANUFACTURERS ASSOCIATION	Director	29/08/2012	29/08/2012	-	Active	NO
18	U80903TZ2012PTC018708	YELLOW TRAIN BRAIN BAY PRIVATE LIMITED	Director	31/08/2012	31/08/2012	-	Active	NO
19	L29130TZ1972PLC000649	SHANTHI GEARS LIMITED	Director	24/07/2013	03/09/2012	-	Active	NO

Name :

Mr. Ranganathan Saravanan

Designation :

Director

Address :

94.A. Trichy Road, Chinthamani Pudur, Coimbatore – 641103, Tamilnadu, India

Date of Birth/Age :

31.07.1967

Date of Appointment :

16.10.1967

DIN No.:

00682646

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	U27109TZ1988PTC002297	BULL MACHINES PRIVATE LIMITED	Director	16/10/1989	16/10/1989	-	Active	NO
2	U27310TZ1993PTC004639	SANDFITS FOUNDRIES PRIVATE LIMITED	Managing director	01/04/2009	23/02/1994	-	Active	NO
3	U17111TZ1996PTC007361	OPEL TEXTILES PRIVATE LIMITED	Director	29/04/1994	29/04/1994	-	Active	NO
4	U31103TZ1991PTC003579	ORIENTAL PLANTS AND EQUIPMENTS PRIVATE LIMITED	Director	28/02/1997	28/02/1997	-	Active	NO
5	U29244TZ2001PTC009727	BULL EXCAVATORS INDIA PRIVATE LIMITED	Director	27/04/2001	27/04/2001	-	Active	NO
6	U29190TZ2009PTC015067	OPEL SOCOMEC INDIA PRIVATE LIMITED	Director	11/03/2009	11/03/2009	-	Active	NO
7	U17111TZ1990PTC002975	ABHI SPINS INDIA PRIVATE LIMITED	Director	27/09/2010	24/07/2009	-	Active	NO
8	U29199TZ2009PTC015651	PROPEL INDUSTRIES PRIVATE LIMITED	Director	04/12/2009	04/12/2009	-	Active	NO

Name :

Mr. Varadharajan Parthibhan

Designation :

Managing Director

Address :

17-A, Dr. Radha Krishnan Street, Chinthamani Pudur Coimbatore – 641103, Tamilnadu, India

Date of Birth/Age :

26.01.1969

Date of Appointment :

26.05.2011

DIN No.:

01796782

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	U31103TZ1991PTC003579	ORIENTAL PLANTS AND EQUIPMENTS PRIVATE LIMITED	Director	22/02/1994	22/02/1994	Active	NO
2	U17111TZ1996PTC007361	OPEL TEXTILES PRIVATE LIMITED	Director	29/04/1994	29/04/1994	Active	NO
3	U27109TZ1988PTC002297	BULL MACHINES PRIVATE LIMITED	Managing director	26/05/2011	11/08/1997	Active	NO
4	U17111TZ1990PTC002975	ABHI SPINS INDIA PRIVATE LIMITED	Director	27/09/2010	24/07/2009	Active	NO
5	U27310TZ1993PTC004639	SANDFITS FOUNDRIES PRIVATE LIMITED	Director	26/09/2012	11/09/2012	Active	NO

Name :

Mr. Varadharajan Senthilkumar

Designation :

Director

Address :

10/11, Thiru Nagar, Trichy Road, Singallur, Coimbatore – 641105, Tamilnadu, India

Date of Birth/Age :

24.02.1966

Date of Appointment :

07.01.1992

DIN No.:

01796828

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	U27109TZ1988PTC002297	BULL MACHINES PRIVATE LIMITED	Director	07/01/1992	07/01/1992	Active	NO
2	U31103TZ1991PTC003579	ORIENTAL PLANTS AND EQUIPMENTS PRIVATE LIMITED	Managing director	01/04/2009	22/02/1994	Active	NO
3	U17111TZ1996PTC007361	OPEL TEXTILES PRIVATE LIMITED	Director	29/04/1994	29/04/1994	Active	NO
4	U29190TZ2009PTC015067	OPEL SOCOMEC INDIA PRIVATE LIMITED	Managing director	11/03/2009	11/03/2009	Active	NO
5	U17111TZ1990PTC002975	ABHI SPINS INDIA PRIVATE LIMITED	Director	27/09/2010	24/07/2009	Active	NO
6	U29199TZ2009PTC015651	PROPEL INDUSTRIES PRIVATE LIMITED	Managing director	20/01/2012	04/12/2009	Active	NO
7	U27310TZ1993PTC004639	SANDFITS FOUNDRIES PRIVATE LIMITED	Director	26/09/2012	11/09/2012	Active	NO

Name :

Mr. Ranganathan Chandramohan

Designation :

Director

Address :

94.A. Trichy Road, Chinthamani Pudur, Coimbatore – 641103, Tamilnadu, India

Date of Birth/Age :

02.10.1974

Date of Appointment :

01.04.2003

DIN No.:

01796836

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	U17111TZ1996PTC007361	OPEL TEXTILES PRIVATE LIMITED	Director	29/04/1994	29/04/1994	Active	NO
2	U27109TZ1988PTC002297	BULL MACHINES PRIVATE LIMITED	Director	01/04/2003	01/04/2003	Active	NO
3	U31103TZ1991PTC003579	ORIENTAL PLANTS AND EQUIPMENTS PRIVATE LIMITED	Director	26/09/2012	01/09/2012	Active	NO
4	U27310TZ1993PTC004639	SANDFITS FOUNDRIES PRIVATE LIMITED	Director	26/09/2012	11/09/2012	Active	NO

Name :

Mr. Varadharajan Ponnudurai

Designation :

Director

Address :

17-A, Dr. Radha Krishnan Street, Chinthamani Pudur Coimbatore – 641103, Tamilnadu, India

Date of Birth/Age :

14.03.1971

Date of Appointment :

11.08.1997

DIN No.:

02058476

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	U27310TZ1993PTC004639	SANDFITS FOUNDRIES PRIVATE LIMITED	Whole-time director	01/04/2009	23/02/1994	Active	NO
2	U67120TZ1995PTC005672	OPEL INVESTMENTS PRIVATE LIMITED	Director	05/01/1995	05/01/1995	Active	NO
3	U27109TZ1988PTC002297	BULL MACHINES PRIVATE LIMITED	Director	11/08/1997	11/08/1997	Active	NO
4	U29244TZ2001PTC009727	BULL EXCAVATORS INDIA PRIVATE LIMITED	Director	27/04/2001	27/04/2001	Active	NO
5	U31103TZ1991PTC003579	ORIENTAL PLANTS AND EQUIPMENTS PRIVATE LIMITED	Director	26/09/2012	01/09/2012	Active	NO

Name :

Appanayakenpatti Venkataswamynaidu Varadharajan

Designation :

Director

Address :

17.A. Kani Nilam, Dr. Radha Krishnan Street, Chinthamani Pudur Coimbatore – 641103, Tamilnadu, India

Date of Birth/Age :

15.12.1935

Date of Appointment :

02.12.1988

DIN No.:

02068156

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	U27109TZ1988PTC002297	BULL MACHINES PRIVATE LIMITED	Director	02/12/1988	02/12/1988	-	Active	NO
2	U31103TZ1991PTC003579	ORIENTAL PLANTS AND EQUIPMENTS PRIVATE LIMITED	Director	30/12/1991	30/12/1991	-	Active	NO
3	U17111TZ1996PTC007361	OPEL TEXTILES PRIVATE LIMITED	Director	29/04/1994	29/04/1994	-	Active	NO
4	U27310TZ1993PTC004639	SANDFITS FOUNDRIES PRIVATE LIMITED	Director	01/04/2009	30/11/1994	-	Active	NO
5	U67120TZ1995PTC005672	OPEL INVESTMENTS PRIVATE LIMITED	Director	05/01/1995	05/01/1995	-	Active	NO
6	U37102TZ1998GAP008524	TAMIL NADU ELECTRICITY CONSUMERS' ASSOCIATION	Director	09/10/2004	09/10/2004	01/09/2010	Active	NO
7	U29190TZ2009PTC015067	OPEL SOCOMEC INDIA PRIVATE LIMITED	Director	11/03/2009	11/03/2009	-	Active	NO
8	U17111TZ1990PTC002975	ABHI SPINS INDIA PRIVATE LIMITED	Director	27/09/2010	24/07/2009	-	Active	NO
9	U29199TZ2009PTC015651	PROPEL INDUSTRIES PRIVATE LIMITED	Director	04/12/2009	04/12/2009	-	Active	NO
10	U70200TZ2011PLC017272	CODISSIA INDUSTRIAL PARK LIMITED	Managing director	03/08/2011	21/07/2011	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2013

Names of Shareholders	No. of Shares	Percentage of Holding
Varadharajan Senthilkumar	5000	20.00
Ranganathan Saravanan	5000	20.00
Varadharajan Parthibhan	5000	20.00
Varadharajan Ponnudurai	5000	20.00
Ranganathan Chandramohan	5000	20.00
Total	25000	100.00

As on 30.09.2013

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Tractor Attachments.

GENERAL INFORMATION

No. of Employees :

Not Divulged

Bankers :

· Yes Bank Limited, 9^th Floor, Nehru Centre, Discovery Of India, Dr. Annie Besant Road, Worli, Mumbai - 400018, Maharashtra, India

HDFC Bank Limited

ICICI Bank Limited

Indusind Bank Limited

Facilities :

SECURED LOANS	31.03.2013 (Rs. In Millions)	31.03.2012 (Rs. In Millions)
LONG TERM BORROWINGS
Term Loan - From Banks
TDB – Term Loan	17.275	22.300
Yes Bank – Term Loan	0.000	33.896
Yes Bank – CC A/c	44.854	66.407
Yes Bank (7494)	8.947	8.994
Car Loan – HDFC	0.301	0.532
Car Loan – ICICI	2.942	2.529
Corporation Bank A/c No. 000919	0.000	0.003
SHORT TERM BORROWINGS
LC Outstanding Account (Capital )	17.586	29.184
LC Outstanding Account	10.840	0.000
Yesbank – Buyers Credit	6.080	0.000
Total	108.825	163.845

Banking Relations :	--
Auditors :
Name :	P. Mahendran Chartered Accountant
Address :	No. B 304-Raheja Centre, Avinashi Road, Coimbatore – 641018, Tamilnadu, India
Tel. No. :	91-422-2244337
E-Mail :	pm_fca@yahoo.com
Income-tax PAN of auditor or auditor's firm :	ACSPM7162R
Subsidiary Company:	Bull Excavators India Private Limited CIN No.: U29244TZ2001PTC009727

CAPITAL STRUCTURE

As on 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
400000	Equity Shares	Rs.100/- each	Rs.40.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
25000	Equity Shares	Rs.100/- each	Rs.2.500 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	2.500	2.500	2.500
(b) Reserves & Surplus	141.224	90.621	84.796
(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)	143.724	93.121	87.296
(3) Non-Current Liabilities
(a) long-term borrowings	89.634	149.197	84.484
(b) Deferred tax liabilities (Net)	19.742	18.906	14.879
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	109.376	168.103	99.363
(4) Current Liabilities
(a) Short term borrowings	34.506	29.184	0.000
(b) Trade payables	169.102	127.223	77.037
(c) Other current liabilities	13.567	22.399	30.317
(d) Short-term provisions	41.582	27.582	29.660
Total Current Liabilities (4)	258.757	206.388	137.014
TOTAL	511.857	467.612	323.673
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	171.029	178.763	141.378
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.500	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000	0.000
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	171.529	178.763	141.378
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	125.589	129.364	56.400
(c) Trade receivables	74.061	42.866	49.637
(d) Cash and cash equivalents	57.681	42.383	9.500
(e) Short-term loans and advances	82.997	74.236	59.657
(f) Other current assets	0.000	0.000	7.101
Total Current Assets	340.328	288.849	182.295
TOTAL	511.857	467.612	323.673

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		TOTAL	NA	NA	NA
Less	EXPENSES
		TOTAL	NA	NA	NA
	PROFIT/ (LOSS) FOR THE YEAR		65.438	5.825	24.500
	EARNINGS IN FOREIGN CURRENCY		Euro 67410.00 USD 278268.42	5.051	1.345

KEY RATIOS

PARTICULARS	31.03.2013	31.03.2012	31.03.2011
Debt Equity Ratio (Total Debt/Networth)	0.86	1.92	0.97
Current Ratio (Current Asset/Current Liability)	1.32	1.40	1.33

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	2.500	2.500	2.500
Reserves & Surplus	84.796	90.621	141.224
Net worth	87.296	93.121	143.724
long-term borrowings	84.484	149.197	89.634
Short term borrowings	0.000	29.184	34.506
Total borrowings	84.484	178.381	124.140
Debt/Equity ratio	0.968	1.916	0.864

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]	9Premises 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	No
10]	Designation of contact person	No
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	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	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

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10276689	11/03/2011	49,500,000.00	TECHNOLOGY DEVELOPMENT BOARD	DEPARTMENT OF SCIENCE AND TECHNOLOGY, GROUND FLOOR, A-8, USO ROAD, NEW DELHI - 110067, INDIA	B09271958
2	10229938	21/04/2012 *	169,000,000.00	YES BANK LIMITED	9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD, WORLI, MUMBAI - 400018, MAHARASHTRA, INDIA	B38354742

* Date of charge modification

UNSECURED LOANS

PARTICULAR	31.03.2013 (Rs. In Millions)	31.03.2012 (Rs. In Millions)
LONG TERM BORROWINGS
Deposits
Trade – Deposit	12.268	11.379
Loans and Advances from related parties
God A/c	0.000	0.000
Parthiban. V – SBI	0.804	0.890
A.V. Varadharajan	0.140	0.140
R. Chandramohan	0.160	0.160
R. Saravanan	(0.060)	(0.037)
V. Senthilkumar	0.003	0.004
Relatives	2.000	2.000
Total	15.315	14.536

REVIEW OF OPERATIONS AND FUTURE PLANS

During the financial year the company has achieved a profit of Rs. 65.438 Millions. The company is making efforts to increase the level of business. The directors are hopeful of much better performance in the coming year.

FIXED ASSETS

· Land

Wind Mill Land

Building

Machinery

Borewell

Air Conditioner

Electrical Equipment’s

Tools and Equipments

Furniture and Fittings

Office Equipment’s

Instruments and Gauges

Computer

Vehicles

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.59.95
UK Pound	1	Rs.99.36
Euro	1	Rs.82.15

INFORMATION DETAILS

Information Gathered by :	NYA
Analysis Done by :	SUM
Report Prepared by :	MRI

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	4
--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		45

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.