MIRA INFORM REPORT

Report Date :

08.08.2014

IDENTIFICATION DETAILS

Name :	SKH SHEET METALS COMPONENTS PRIVATE LIMITED (w.e.f. 26.03.2014)
Formerly Known As :	SKH SHEET METALS COMPONENTS LIMITED (w.e.f. 19.07.2011) SKH SHEET METALS COMPONENTS PRIVATE LIMITED (w.e.f. 16.11.2007) VIVID SHEET METALS COMPONENTS PRIVATE LIMITED
Registered Office :	B-5, Vrindavan Apartments, Vrindavan Vihar, Kings Road, Jaipur – 302 019, Rajasthan
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	30.05.2005
Com. Reg. No.:	17-020833
Capital Investment / Paid-up Capital :	Rs. 315.850 Millions
CIN No.: [Company Identification No.]	U50300RJ2005PTC020833
TAN No.: [Tax Deduction & Collection Account No.]	PNES23784F
PAN No.: [Permanent Account No.]	AACCV0528K
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Exhaust Systems for Automobiles.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ca (18)

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is an established company having a moderate track record. As per registrar of companies the date of financial statements filed is shown as FY13, but the documents related to the same are not available from any source. The company has reported huge accumulated losses as well as gearing during FY 12. However, business is active. Payments terms are reported as slow. The company can be considered for business dealings on a safe and secured 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 – June 1, 2014

Country Name	Previous Rating (31.03.2014)	Current Rating (01.06.2014)
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

N E W S

As per the latest IMF study, the total weigh of emerging markets in the GDP of the world on a purchasing power parity basis has seen a sizeable shift. It highlights how as against 51 % in 2005, the emerging economies now account for close to 56 % of the global purchasing power GDP as per the latest survey. And with the emerging economies growing at a faster rate than their developed counterparts, there are every possibility that the their share goes up further in the coming years.  China may surpass the US over the next few years.

Politics and economics are very intricately connected. They tend to influence each other in ways that could be very complex and far-reaching. The prospects of the India’s economy have been seriously compromised due to political corruption. High inflation, poor standard of living are to a great extent a result of rampant corruption in the country. China on the other hand, seems to be facing diametrically opposite challenge. American hedge fund manager Jim Chanos has been keenly following the political and economic development in the dragon economy and has figured out something that is quite worrying. He is of the view that the Chinese economy could be heading toward trouble on account of new Chinese President Xi Jingping’s very aggressive anti-corruption drive. Chanos believes tat many things such as apartment sales, luxury products, etc. were largely bought with dirty money. And it is now beginning to impact consumption. This may indeed be bad news for an economy that is struggling to transition from an investment-driven export-oriented economy to a domestic consumption-driven economy.

A study published by Firstpost has revealed that asset classes like real estate and equities were the biggest beneficiaries of the liberalization policies.  A firm called Ciane Analytics studied returns from assets including equities, gold, fixed deposits, G-Secs and real estate since 1991. Real estate outperformed every other asset classes during the 23-year period with an annualized return of 20 % ! Equities came in second with annualized return of 15.5 % ! However, while these returns may seem mouthwatering, the fact is that the return from equities adjusted for inflation came down to just 7.1 %.

Some brief news are as under

. R-Power to buy Jaypee’s hydro assets

. Investors await justice in NSEL case

. India seeks MFN status from Pakistan ahead of meeting

. Ukrain’s clashes with rebels hinder MH17 crash investigation

. India exploring merger of state-owned hydro PSUs

..Higher costs weigh down profit growth to slowest in 9 quarters

..Wal-Mart to expand wholesale business in India

. GMR group moves to strengthen balance sheet

. Central Bank to sell 4 % stake to Life Insurance Corporation

. Tata Chemicals plans to raise up to Rs 10000 mn.

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 31-03-2014.

INFORMATION DENIED BY

Name :	Mr. Agarwal
Designation :	Accountant
Contact No.:	91-7875770929
Date :	30.07.2014

LOCATIONS

Registered Office :	B-5, Vrindavan Apartments, Vrindavan Vihar, Kings Road, Jaipur – 302 019, Rajasthan, India
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	secretarial@skhmetals.com sitansudash@skhmetals.com
Factory 1:	Gat No.542-545, Behind Bombay Dyeing, Village Dhok Sanghavi, Ranjangaon, MIDC, Pune - 412 220, Maharashtra, India
Tel No.:	91-2138-675401
Factory 2:	58^th,Milestone, NH – 8, Village – Binola, Gurgaon – 122413, Haryana, India

DIRECTORS

As on: 30.09.2013

Name :

Mr. Sunandan Kapur

Designation :

Director

Address :

B - 5, Chirag Enclave New Delhi, India

Date of Birth/Age :

21.08.1974

Date of Appointment :

25.09.2012

DIN No.:

00003638

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	U35999DL1996PLC075180	KRISHNA ISHIZAKI AUTO LIMITED	Director	12/06/1999	12/06/1999	22/02/2012	Active	NO
2	U74999DL1996PLC082505	HH INTERIOR & AUTO COMPONENTS LIMITED	Director	15/06/1999	15/06/1999	31/03/2008	Active	NO
3	U34300HR1991PLC032012	KRISHNA MARUTI LIMITED.	Managing director	21/04/2014	01/04/2000	-	Active	NO
4	U34300DL1999PTC101962	HIMANSHU ENTERPRISES PRIVATE LIMITED	Director	26/09/2001	26/09/2001	-	Active	NO
5	U74999DL2003PTC120153	KRISHNA QUINETTE SEATS PRIVATE LIMITED	Director	30/06/2008	02/05/2003	-	Active	NO
6	U00000HR2004PTC049273	KRISHNA GRUPO ANTOLIN PRIVATE LIMITED	Director	19/08/2004	19/08/2004	-	Active	NO
7	U34392HR1999PTC034392	NAGATA INDIA PRIVATE LIMITED	Director	21/08/2004	21/08/2004	-	Active	NO
8	U74130HR1986PLC023655	SKH METALS LIMITED	Managing director	14/05/2013	14/05/2005	-	Active	NO
9	U27109HR2003PTC035250	MARUICHI KUMA STEEL TUBE PRIVATE LIMITED	Director	28/05/2005	28/05/2005	29/09/2009	Active	NO
10	U80101DL2006PTC148682	SKH EDUCATION PRIVATE LIMITED.	Director	07/06/2006	07/06/2006	-	Active	NO
11	U63040DL1997PTC089719	KV TRAVELS PRIVATE LIMITED	Director	23/06/2006	23/06/2006	28/12/2012	Active	NO
12	U74899DL2005PTC140258	SKH GLOBAL TRAVELS PRIVATE LIMITED	Director	23/06/2006	23/06/2006	28/12/2012	Active	NO
13	U63040DL2004PTC128182	CHORUS TOURS AND TRAVELS PRIVATE LIMITED	Director	27/09/2007	31/01/2007	-	Active	NO
14	U50300RJ2005PTC020833	SKH SHEET METALS COMPONENTS PRIVATE LIMITED	Director	25/09/2012	16/02/2008	-	Active	NO
15	U50300RJ2005PTC020830	AXIS SEATS SERVICES PRIVATE LIMITED	Director	01/09/2008	16/02/2008	-	Active	NO
16	U50300RJ2005PTC020820	SPECTRUM AUTO TRIMS PRIVATE LIMITED	Additional director	17/03/2008	17/03/2008	01/08/2008	Active	YES
17	U51109DL2008PTC178458	MAGNETI MARELLI SKH EXHAUST SYSTEMS PRIVATE LIMITED	Director	22/05/2008	22/05/2008	-	Active	NO
18	U34300DL2008PTC178680	SKH MAGNETI MARELLI EXHAUST SYSTEMS PRIVATE LIMITED	Director	27/05/2008	27/05/2008	-	Active	NO
19	U74900DL2008PLC185185	SKH MANAGEMENT SERVICES LIMITED	Director	24/11/2008	24/11/2008	-	Active	NO
20	U29220DL2009PTC187276	SKH SILA INDIA PRIVATE LIMITED	Director	05/02/2009	05/02/2009	-	Active	NO
21	U29253DL2009PTC187778	SKH CABS MANUFACTURING PRIVATE LIMITED	Director	19/02/2009	19/02/2009	-	Active	NO
22	U29300PN2009PTC133761	MSKH SEATING SYSTEMS INDIA PRIVATE LIMITED	Director	28/09/2010	22/10/2009	-	Active	NO
23	U29253DL2009PTC196097	SIAC SKH INDIA CABS MANUFACTURING PRIVATE LIMITED	Director	21/09/2010	04/03/2010	-	Active	NO
24	U17290DL2010FTC202355	SUMINOE TEIJIN TECHNO KRISHNA INDIA PRIVATE LIMITED	Director	06/05/2010	06/05/2010	-	Active	NO
25	U74899DL1970PTC005432	KAPUR ESTATES PVT LTD	Director	30/09/2011	10/11/2010	-	Active	NO
26	U74899DL1992PTC048177	MUNRADTECH EXPORTS PRIVATE LIMITED	Director	28/09/2013	15/07/2013	-	Active	NO
27	U35999HR2014PTC051872	KRISHNA KAUTEX PRIVATE LIMITED	Director	13/02/2014	13/02/2014	-	Active	NO

Name :

Mr. Parvesh Soni

Designation :

Director

Address :

2248, Sector - 8, Faridabad, Haryana, India

Date of Birth/Age :

04.07.1963

Qualification :

Chartered Accountant

Date of Appointment :

26.09.2009

DIN No.:

00009994

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	U74899DL1981PTC012844	SHARSH FINANCE AND INVESTMENT COMPANY PRIVATE LIMITED	Director	29/09/2003	29/09/2003	04/06/2014	Active	NO
2	U74899DL1985PTC021066	MUNRADTECH AIR FILTRATION COMPANY PRIVATE LIMITED	Director	05/05/2004	05/05/2004	-	Active	NO
3	U17101DL1998PLC091847	KRISHNA PACKAGE TRIPS LIMITED	Director	01/06/2004	01/06/2004	-	Active	NO
4	U45201DL2004PTC124177	GOLD CAUSE CONSTRUCTIONS PRIVATE LIMITED	Director	24/07/2004	24/07/2004	-	Dormant	NO
5	U63040DL2004PTC128182	CHORUS TOURS AND TRAVELS PRIVATE LIMITED	Director	09/08/2004	09/08/2004	-	Active	NO
6	U45201DL2004PTC128187	GAIN PROPERTIES PRIVATE LIMITED	Director	09/08/2004	09/08/2004	-	Active	NO
7	U74300DL2004PTC128184	SKH MEDIA PRIVATE LIMITED	Director	09/08/2004	09/08/2004	02/07/2011	Active	NO
8	U72200DL2004PTC128708	AKPS INFOTECH SERVICES PRIVATE LIMITED	Director	31/08/2004	31/08/2004	-	Active	NO
9	U74140DL2005PTC131920	VINCOTTE INTERNATIONAL INDIA ASSESSMENT SERVICES PRIVATE LIMITED	Director	17/01/2005	17/01/2005	-	Active	NO
10	U72200DL2005PTC133270	SKH INFO SERVICES PRIVATE LIMITED	Director	30/09/2006	22/02/2005	-	Active	NO
11	U45201RJ2005PTC020739	SUAVE INFRASTRUCTURE PRIVATE LIMITED	Director	30/09/2006	28/05/2005	-	Active	NO
12	U50300RJ2005PTC020830	AXIS SEATS SERVICES PRIVATE LIMITED	Director	30/05/2005	30/05/2005	-	Active	NO
13	U50300RJ2005PTC020832	GLORIOUS SCOOTER AND MOBIKE SEATS PRIVATE LIMITED	Director	30/05/2005	30/05/2005	-	Active	NO
14	U50300RJ2005PTC020834	DURABLE TRAIN SEATS PRIVATE LIMITED	Director	30/05/2005	30/05/2005	-	Active	NO
15	U45201DL2005PTC136914	SKH CONSTRUCTWELL PRIVATE LIMITED	Director	31/05/2005	31/05/2005	-	Active	NO
16	U74899DL1990PTC040694	ROZ-KA-MEO COMPONENTS PRIVATE LIMITED	Director	05/09/2005	05/09/2005	04/06/2014	Active	NO
17	U74899DL1997PTC089700	ABR AUTO PRIVATE LIMITED	Director	05/09/2005	05/09/2005	04/06/2014	Active	NO
18	U74999DL1996PLC082505	HH INTERIOR & AUTO COMPONENTS LIMITED	Director	30/09/2005	30/09/2005	-	Active	NO
19	U74899DL1992PTC048177	MUNRADTECH EXPORTS PRIVATE LIMITED	Director	06/02/2006	06/02/2006	-	Active	NO
20	U74899DL1978PTC008998	USHA PLAST PACKAGING PRIVATE LIMITED	Director	06/02/2006	06/02/2006	-	Active	NO
21	U45201RJ2005PTC020792	CHOIR INFRASTRUCTURE PRIVATE LIMITED	Director	30/09/2006	10/04/2006	-	Active	NO
22	U80101DL2006PTC148682	SKH EDUCATION PRIVATE LIMITED.	Director	06/05/2006	06/05/2006	-	Active	NO
23	U74999DL2004PTC128707	AKPS AUTO ACCESSORIES PRIVATE LIMITED	Director	31/08/2006	31/08/2006	-	Active	NO
24	U45201RJ2005PTC020795	PANACHE INFRASTRUCTURE PRIVATE LIMITED	Director	26/09/2007	23/03/2007	-	Active	NO
25	U63040DL1997PTC089719	KV TRAVELS PRIVATE LIMITED	Director	16/09/2008	21/04/2008	28/12/2012	Active	NO
26	U74899DL2005PTC140258	SKH GLOBAL TRAVELS PRIVATE LIMITED	Director	16/09/2008	21/04/2008	28/12/2012	Active	NO
27	U50300RJ2005PTC020826	LUXURIOUS CAR SEATS PRIVATE LIMITED	Director	02/09/2008	15/05/2008	-	Active	NO
28	U50300RJ2005PTC020835	LUXURIOUS BUS SEATS PRIVATE LIMITED	Director	01/09/2008	15/05/2008	-	Active	NO
29	U45201RJ2005PTC020735	ANGEL INFRASTRUCTURE PRIVATE LIMITED	Additional director	06/09/2008	06/09/2008	27/02/2009	Active	NO
30	U74899DL1973PTC006625	ADVANCE AUTOMATION AND PROCESS CONTROLS PVT LTD	Additional director	06/09/2008	06/09/2008	12/09/2008	Amalgamated	NO
31	U34102DL2008PTC183366	SKH AUTO PARTS PRIVATE LIMITED	Director	17/09/2008	17/09/2008	-	Active	NO
32	U45201RJ2005PTC020737	SURGE INFRASTRUCTURE PRIVATE LIMITED	Director	29/09/2009	05/03/2009	-	Active	NO
33	U50300RJ2005PTC020820	SPECTRUM AUTO TRIMS PRIVATE LIMITED	Director	26/09/2009	24/04/2009	02/07/2011	Active	YES
34	U74900DL2009PTC193097	SPECTRUM SEATING SYSTEMS SERVICES PRIVATE LIMITED	Director	12/08/2009	12/08/2009	-	Active	NO
35	U70101DL2009PTC193636	GRANITE INFRASTRUCTURE PRIVATE LIMITED	Director	28/08/2009	28/08/2009	01/10/2009	Active	NO
36	U50300RJ2005PTC020833	SKH SHEET METALS COMPONENTS PRIVATE LIMITED	Director	26/09/2009	22/09/2009	-	Active	NO
37	U29300PN2009PTC133761	MSKH SEATING SYSTEMS INDIA PRIVATE LIMITED	Director	28/09/2010	22/10/2009	-	Active	NO
38	U70102DL2009PTC196060	SKH REAL ESTATE PRIVATE LIMITED	Director	17/11/2009	17/11/2009	-	Active	NO
39	U29253DL2009PTC196097	SIAC SKH INDIA CABS MANUFACTURING PRIVATE LIMITED	Director	17/11/2009	17/11/2009	28/03/2012	Active	NO
40	U70200DL2010PTC198891	SKH BUILDWELL PRIVATE LIMITED	Director	09/02/2010	09/02/2010	-	Active	NO
41	U70109DL2010PTC198912	SKH BUILDCON PRIVATE LIMITED	Director	10/02/2010	10/02/2010	-	Active	NO
42	U34300DL2010PTC208458	SKH AUTO TRIMS PRIVATE LIMITED	Director	20/09/2010	20/09/2010	-	Active	NO
43	U74899DL1970PTC005432	KAPUR ESTATES PVT LTD	Director	30/09/2011	10/11/2010	-	Active	NO
44	U35999DL1996PLC075180	KRISHNA ISHIZAKI AUTO LIMITED	Managing director	22/02/2012	22/02/2012	-	Active	NO
45	U34300HR1991PLC032012	KRISHNA MARUTI LIMITED.	Whole-time director	18/08/2012	18/05/2012	-	Active	NO
46	U45201RJ2005PTC020734	WARBLE INFRASTRUCTURE PRIVATE LIMITED	Director	23/09/2013	09/01/2013	08/11/2013	Active	NO
47	U50400DL2012PTC236431	RSLH AUTO TRIMS PRIVATE LIMITED	Director	15/11/2013	19/01/2013	-	Active	NO
48	U34300HR2012FTC046555	NHK F. KRISHNA INDIA AUTOMOTIVE SEATING PRIVATE LIMITED	Director	04/09/2013	31/03/2013	-	Active	NO
49	U35999HR2014PTC051872	KRISHNA KAUTEX PRIVATE LIMITED	Nominee director	31/07/2014	31/07/2014	-	Active	NO

Name :

Mr. Sanjay Kohli

Designation :

Director

Address :

24-A, DDA Flats, Ber Sarai, New Delhi, India

Date of Birth/Age :

03.06.1976

Qualification :

BE

Date of Appointment :

05.09.2008

DIN No.:

02013973

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	U50300RJ2005PTC020833	SKH SHEET METALS COMPONENTS PRIVATE LIMITED	Director	05/09/2008	16/02/2008	-	Active	NO
2	U50300RJ2005PTC020835	LUXURIOUS BUS SEATS PRIVATE LIMITED	Additional director	18/02/2008	18/02/2008	24/05/2008	Active	NO
3	U45201RJ2005PTC020735	ANGEL INFRASTRUCTURE PRIVATE LIMITED	Director	01/09/2008	18/02/2008	-	Active	NO
4	U45201RJ2005PTC020793	ZING INFRASTRUCTURE PRIVATE LIMITED	Director	02/09/2008	18/02/2008	02/05/2013	Active	NO
5	U50300RJ2005PTC020838	URANUS AUTO SEAT TRIMS PRIVATE LIMITED	Director	24/09/2010	18/02/2008	-	Active	NO
6	U70109DL2006PTC153772	CHARMWOOD DEVELOPERS PRIVATE LIMITED	Director	15/09/2008	18/02/2008	-	Active	NO
7	U50300RJ2005PTC020826	LUXURIOUS CAR SEATS PRIVATE LIMITED	Director	02/09/2008	18/02/2008	-	Active	NO
8	U45201RJ2005PTC020740	RIPPLE INFRASTRUCTURE PRIVATE LIMITED	Director	05/09/2008	18/02/2008	-	Active	NO
9	U50300RJ2005PTC020828	TWIRL CAR HEAD REST PRIVATE LIMITED	Director	02/09/2008	18/02/2008	-	Active	NO
10	U45201RJ2005PTC020741	VELVET INFRASTURCTURE PRIVATE LIMITED	Director	05/09/2008	18/02/2008	-	Active	NO
11	U50300RJ2005PTC020821	GRAVITY ROOF HEAD LINERS PRIVATE LIMITED	Director	05/09/2008	18/02/2008	-	Active	NO
12	U50300RJ2005PTC020842	NUTRINO ROOF HEAD LINER PRIVATE LIMITED	Director	01/09/2008	18/02/2008	-	Active	NO
13	U45201RJ2005PTC020792	CHOIR INFRASTRUCTURE PRIVATE LIMITED	Director	01/09/2008	18/02/2008	-	Active	NO
14	U50300RJ2005PTC020825	COMFORT CAR SEATS PRIVATE LIMITED	Director	01/09/2008	18/02/2008	-	Active	NO
15	U74899DL1994PTC058571	GLADDOLIA FARMS PRIVATE LIMITED	Director	17/09/2008	20/02/2008	-	Active	NO
16	U74140HR2004PTC035504	PRUDENT MANAGEMENT STRATEGIES PRIVATE LIMITED	Director	19/09/2008	20/02/2008	-	Active	NO
17	U45201DL2005PTC136914	SKH CONSTRUCTWELL PRIVATE LIMITED	Director	16/09/2008	20/02/2008	-	Active	NO
18	U72200DL2005PTC133270	SKH INFO SERVICES PRIVATE LIMITED	Director	16/09/2008	20/02/2008	-	Active	NO
19	U74899DL1985PTC020921	SKH INFRASTRUCTURE DEVELOPERS PRIVATE LIMITED	Director	16/09/2008	20/02/2008	-	Active	NO
20	U50300RJ2005PTC020820	SPECTRUM AUTO TRIMS PRIVATE LIMITED	Director	02/09/2008	17/03/2008	-	Active	YES
21	U50300RJ2005PTC020822	URANUS AUTO TRIMS PRIVATE LIMITED	Additional director	02/09/2008	01/08/2008	-	Active	NO
22	U50300RJ2005PTC020823	ORBIT DOOR TRIMS PRIVATE LIMITED	Director	27/09/2008	01/08/2008	-	Active	NO
23	U50300RJ2005PTC020841	RADIANT SHEET METAL COMPONENTS PRIVATE LIMITED	Additional director	14/10/2008	14/10/2008	-	Active	NO
24	U34300DL2012PTC236305	GADGET ENTERPRISES PRIVATE LIMITED	Director	22/05/2012	22/05/2012	-	Active	NO
25	U70200DL2012PTC236435	VISION INFRAHEIGHTS PRIVATE LIMITED	Director	24/05/2012	24/05/2012	-	Active	NO
26	U74120DL2012PTC236432	PIGEON ENTERPRISES PRIVATE LIMITED	Director	24/05/2012	24/05/2012	-	Active	NO
27	U50400DL2012PTC236431	RSLH AUTO TRIMS PRIVATE LIMITED	Director	24/05/2012	24/05/2012	-	Active	NO
28	U34200DL2012PTC236456	MERRYLAND ENTERPRISES PRIVATE LIMITED	Director	25/05/2012	25/05/2012	09/01/2014	Active	NO
29	U70109DL2008PTC176175	BLUEJAYS REALTECH PRIVATE LIMITED	Director	30/09/2013	03/10/2012	13/03/2014	Active	NO

Name :

Mr. Ajay Kumar Bedi

Designation :

Director

Address :

176, Deerwood Chase, Unitech Nirvana Country, Sector-50, Gurgaon – 122 001, Haryana, India

Date of Birth/Age :

08.10.1951

Qualification :

BE

Date of Appointment :

30.09.2010

DIN No.:

00171608

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	U74999DL1996PLC082505	HH INTERIOR & AUTO COMPONENTS LIMITED	Director	08/05/1998	08/05/1998	-	Active	NO
2	U74899DL1992PTC048177	MUNRADTECH EXPORTS PRIVATE LIMITED	Director	06/04/2004	06/04/2004	-	Active	NO
3	U74300DL2004PTC128184	SKH MEDIA PRIVATE LIMITED	Director	09/08/2004	09/08/2004	-	Active	NO
4	U63040DL2004PTC128182	CHORUS TOURS AND TRAVELS PRIVATE LIMITED	Director	09/08/2004	09/08/2004	-	Active	NO
5	U45201DL2004PTC128187	GAIN PROPERTIES PRIVATE LIMITED	Director	09/08/2004	09/08/2004	-	Active	NO
6	U72200DL2004PTC128708	AKPS INFOTECH SERVICES PRIVATE LIMITED	Director	31/08/2004	31/08/2004	-	Active	NO
7	U74999DL2004PTC128707	AKPS AUTO ACCESSORIES PRIVATE LIMITED	Director	31/08/2004	31/08/2004	-	Active	NO
8	U50300RJ2005PTC020837	MIRACULOUS AUTO MIRROR AND GLASSES PRIVATE LIMITED	Director	28/09/2006	30/05/2005	17/05/2013	Active	NO
9	U50300RJ2005PTC020831	GLAZING AUTO MIRROR PRIVATE LIMITED	Director	30/05/2005	30/05/2005	-	Active	NO
10	U50300RJ2005PTC020836	URANUS AUTO MIRROR AND GLASSES PRIVATE LIMITED	Director	29/09/2006	30/05/2005	-	Active	NO
11	U74899DL1990PTC040694	ROZ-KA-MEO COMPONENTS PRIVATE LIMITED	Director	05/09/2005	05/09/2005	-	Active	NO
12	U74899DL1997PTC089700	ABR AUTO PRIVATE LIMITED	Director	05/09/2005	05/09/2005	-	Active	NO
13	U74899DL1985PTC021066	MUNRADTECH AIR FILTRATION COMPANY PRIVATE LIMITED	Director	30/09/2006	06/02/2006	-	Active	NO
14	U74899DL1981PTC012844	SHARSH FINANCE AND INVESTMENT COMPANY PRIVATE LIMITED	Director	06/02/2006	06/02/2006	-	Active	NO
15	U45201DL2005PTC136914	SKH CONSTRUCTWELL PRIVATE LIMITED	Director	06/02/2006	06/02/2006	-	Active	NO
16	U45201RJ2005PTC020738	CHORUS INFRASTRUCTURE PRIVATE LIMITED	Director	14/12/2006	14/12/2006	-	Active	NO
17	U50300RJ2005PTC020841	RADIANT SHEET METAL COMPONENTS PRIVATE LIMITED	Additional director	02/09/2008	06/08/2008	-	Active	NO
18	U45201RJ2005PTC020736	ZEST INFRASTRUCTURE PRIVATE LIMITED	Director	25/09/2010	14/07/2010	-	Active	NO
19	U50300RJ2005PTC020824	SPECTRUM SEAT TRIMS PRIVATE LIMITED	Director	24/09/2010	14/07/2010	-	Active	NO
20	U50300RJ2005PTC020833	SKH SHEET METALS COMPONENTS PRIVATE LIMITED	Director	30/09/2010	09/09/2010	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Abhinav Kumar
Designation :	Company Secretary
Address :	WZ – 380, Naraina Village, New Delhi – 110028, Delhi, India
Date of Birth/Age :	28.03.1983
Date of Appointment :	04.03.2013
PAN No.:	BRWPK5415R

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 30.09.2013

Names of Shareholders	No. of Shares	% of Holding
Suave Infrastructure Private Limited	2600	0.01
Chorus Infrastructure Private Limited	4900	0.03
Ripple Infrastructure Private Limited	2500	0.01
Ashok Kapur	11989700	61.22
Arti Kapur	100	0.00
Sunandan Kapur	100	0.00
Supriya Kapur	100	0.00
Saturn Automotive Holding Limited	7585037	38.73
Total	19585037	100.00

Equity Share Break up (Percentage of Total Equity)

As on: 30.09.2013

Category	Percentage
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others]	38.73
Bodies corporate	0.05
Directors or relatives of directors	61.22
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Exhaust Systems for Automobiles.

Products :

Item Code No. (ITC Code)	ITC-033-043
Product Description	Sheet Metals Components, Fuel Tank, Gear Shifter
Item Code No. (ITC Code)	87089200
Product Description	Fuel Tank
Item Code No. (ITC Code)	87089200
Product Description	Axle Housing
Item Code No. (ITC Code)	87089200
Product Description	Heat Shield

PRODUCTION STATUS (AS ON 31.03.2011)

Particulars	Installed Capacity*	Actual Production Qty
Fuel Tank	88128 Nos.	21988
Gear Shifter	Nil	Nil
Axle Housing	86400 Nos.	18907
Heat Shield/Stamping	72161280 Nos.	7913635

Installed capacity is as per a certificate issued by the Management and is not verified by the Auditors being a Technical matter.

*Licensing requirement for automotive parts, including the company’s product, has been dispensed with effective July 25, 1991.

GENERAL INFORMATION

No. of Employees :

Not Available

Financial Institutions :

Vilkswagen India Private Limited, E – 1. MIDC Industrial Area Phase III, Village Nigoje Mhalunge Kharabwadi Chakan Taluka, Pune – 410501, Maharashtra, India

Bankers :

· AXIS BANK Limited, 2^nd Floor, Statesman House, 148, Barakhamba Road, New Delhi – 110001, Delhi, India

· State Bank Of Travancore, Udyog Vihar, Phase – V, Sector – 18, Gurgaon – 122016, Haryana, India

Facilities :

Secured Loan	As on 31.03.2012	As on 31.03.2011
	(Rs. In Millions)
LONG TERM BORROWINGS:
Term loan from banks	332.246	211.204
SHORT TERM BORROWINGS:
Working capital loan from banks	128.311	67.936
Total	460.557	279.140

Banking Relations :	--
Auditors :
Name :	Baweja and koul Chartered Accountants
Address :	306, corporate towers, 85a, zamrudpur, greater kailash – I, New Delhi, India
Tel. No.:	91-20-41283976
PAN No.:	AABFB1274A
Associates/Subsidiaries :	· Magneti Marelli Skh Exhaust Systems Private Limited · Skh Metals Limited · Mskh Seating Systems India Private Limited · Krishna Maruti Limited · Spectrum Auto Trims Private Limited · Krishna Grupo Antolin Private Limited · AKPS Auto Accessories Private Limited · Krishna Quinette Seats Private Limited · Kv Travels Private Limited · Skh Sila India Private Limited · Chorus Tours And Travels Private Limited

CAPITAL STRUCTURE

As on: 31.03.2012

Authorized Capital:

No. of Shares	Type	Value	Amount
12000000	Equity Shares	Rs.10/- each	Rs.120.000 Millions

Issued, Subscribed & Paid-up Capital:

No. of Shares	Type	Value	Amount
12000000	Equity Shares	Rs.10/- each	Rs.120.000 Millions

As on: 27.09.2013

Authorized Capital:

No. of Shares	Type	Value	Amount
32000000	Equity Shares	Rs.10/- each	Rs.320.000 Millions

Issued, Subscribed & Paid-up Capital:

No. of Shares	Type	Value	Amount
31585037	Equity Shares	Rs.10/- each	Rs.315.850 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	120.000	120.000
(b) Reserves & Surplus	(119.707)	(80.362)
(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)	0.293	39.638
(3) Non-Current Liabilities
(a) long-term borrowings	757.952	434.545
(b) Deferred tax liabilities (Net)	0.000	0.000
(c) Other long term liabilities	0.000	0.000
(d) long-term provisions	1.193	0.620
Total Non-current Liabilities (3)	759.145	435.165
(4) Current Liabilities
(a) Short term borrowings	128.517	73.569
(b) Trade payables	259.782	143.780
(c) Other current liabilities	157.452	119.859
(d) Short-term provisions	0.000	0.000
Total Current Liabilities (4)	545.751	337.208
TOTAL	1305.189	812.011
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	498.545	245.138
(ii) Intangible Assets	1.182	1.121
(iii) Capital work-in-progress	112.810	101.157
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	47.575	47.575
(c) Deferred tax assets (net)	40.786	23.228
(d) Long-term Loan and Advances	0.213	0.200
(e) Other Non-current assets	0.002	0.004
Total Non-Current Assets	701.113	418.423
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	215.624	103.821
(c) Trade receivables	243.482	112.738
(d) Cash and cash equivalents	9.796	3.544
(e) Short-term loans and advances	134.362	172.496
(f) Other current assets	0.812	0.989
Total Current Assets	604.076	393.588
TOTAL	1305.189	812.011

SOURCES OF FUNDS		31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		120.000
2] Share Application Money		0.000
3] Reserves & Surplus		0.000
4] (Accumulated Losses)		25.315
NETWORTH		94.685
LOAN FUNDS
1] Secured Loans		84.937
2] Unsecured Loans		84.132
TOTAL BORROWING		169.069
DEFERRED TAX LIABILITIES		1.297
TOTAL		265.051
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		118.594
Capital work-in-progress		27.439
Preoperative Expenses (Pending allocation to Fixed Assets)		1.136
INVESTMENT		60.396
DEFERRED TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	31.541
	Sundry Debtors	22.927
	Cash & Bank Balances	4.748
	Other Current Assets	0.000
	Loans & Advances	47.274
Total Current Assets		106.490
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	47.930
	Other Current Liabilities	0.000
	Provisions	1.082
Total Current Liabilities		49.012
Net Current Assets		57.480
MISCELLANEOUS EXPENSES		0.006
TOTAL		265.051

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income	1032.828	417.090	91.748
		Other Income	60.392	10.381	0.771
		TOTAL (A)	1093.220	427.471	92.519
Less	EXPENSES
		Cost of materials consumed	888.258	385.469	9.276
		Changes in inventories of finished goods, work-in-progress and stock-in-trade	(28.265)	(18.966)	71.243
		Employee benefit expense	104.893	49.628	15.390
		Other expenses	102.567	55.960	10.990
		TOTAL (B)	1067.453	472.990	106.899
Less	PROFIT / (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		25.767	(45.519)	(14.380)
Less	FINANCIAL EXPENSES (D)		53.242	22.042	1.517
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		(27.475)	(67.561)	(15.897)
Less/ Add	DEPRECIATION/ AMORTISATION (F)		29.428	12.010	1.491
	PROFIT / (LOSS) BEFORE TAX (E-F) (G)		(56.903)	(79.571)	(17.388)
Less	TAX (H)		(17.558)	(24.524)	0.786
	PROFIT / (LOSS) AFTER TAX (G-H) (I)		(39.345)	(55.047)	(18.174)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		(80.362)	(25.315)	(7.141)
	BALANCE CARRIED TO THE B/S		(119.707)	(80.362)	(25.315)
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	48.052	NA	NA
	TOTAL EARNINGS		48.052	NA	NA
	IMPORTS
		Raw Materials	NA	28.968	0.640
		Bought Out Components	NA	12.178	12.499
		Capital Goods	NA	13.386	4.893
	TOTAL IMPORTS		NA	54.532	18.032
	Earnings / (Loss) Per Share (Rs.)		(3.28)	(4.59)	(87.76)

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	(3.60)	(12.88)	(19.64)
Net Profit Margin (PBT/Sales)	(%)	2.49	(10.70)	(18.95)
Return on Total Assets (PBT/Total Assets}	(%)	2.33	(6.97)	(7.73)
Return on Investment (ROI) (PBT/Networth)		87.94	(1.130	(0.18)
Debt Equity Ratio (Total Debt/Networth)		3025.49	12.82	1.79
Current Ratio (Current Asset/Current Liability)		1.11	1.17	2.17

FINANCIAL ANALYSIS

[All figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2011	31.03.2012
	(Rs. In Millions)	(Rs. In Millions)
Share Capital	120.000	120.000
Reserves & Surplus	(80.362)	(119.707)
Net worth	39.638	0.293
long-term borrowings	434.545	757.952
Short term borrowings	73.569	128.517
Total borrowings	508.114	886.469
Debt/Equity ratio	12.819	3,025.491

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	91.748	417.090	1032.828
		354.604	147.627

NET PROFIT MARGIN

Net Profit Margin	31.03.2010	31.03.2011	31.03.2012
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	91.748	417.090	1032.828
Profit	(18.174)	(55.047)	(39.345)
	(19.81%)	(13.20%)	(3.81%)

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	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

UNSECURED LOAN

Particulars	As on 31.03.2012	As on 31.03.2011
	(Rs. In Millions)
LONG TERM BORROWINGS:
Deferred Payment Liabilities	425.706	223.341
SHORT TERM BORROWINGS:
Working Capital Loan From Banks	0.206	5.633
Total	425.912	228.974

INDEX OF CHARGES:

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10420368	29/11/2013 *	250,000,000.00	YES BANK LIMITED	9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR.  ANNIE BESANT ROAD, WORLI,, MUMBAI -  400018, MAHARASHTRA, INDIA	B92407154
2	10290504	05/03/2014 *	315,600,000.00	AXIS BANK LIMITED	2ND FLOOR, STATESMAN HOUSE, 148, BARAKHAMBA ROAD, NEW DELHI - 110001, DELHI, INDIA	C01225655
3	10265806	05/03/2014 *	160,000,000.00	AXIS BANK LIMITED	2ND FLOOR, STATESMAN HOUSE, 148, BARAKHAMBA ROAD, NEW DELHI - 110001, DELHI, INDIA	C01224831
4	10239306	05/03/2014 *	180,000,000.00	AXIS BANK LIMITED	2ND FLOOR, STATESMAN HOUSE, 148, BARAKHAMBA ROAD, NEW DELHI - 110001, DELHI, INDIA	C01225234
5	10239664	05/03/2014 *	410,000,000.00	AXIS BANK LIMITED	2ND FLOOR, STATESMAN HOUSE, 148, BARAKHAMBA ROAD, NEW DELHI - 110001, DELHI, INDIA	C01226067
6	10172136	31/07/2009	260,000,000.00	CORPORATION BANK INDUSTRIAL FINANCE BRANCH	1ST, FLOOR, 16/10,MAIN ARYA SAMAJ ROAD,KAROL BAGH, NEW DELHI - 110001, DELHI, INDIA	A68370642

FIXED ASSETS:

· Land

· Buildings

· Plant and Machinery

· Furniture and Fixtures

· Electrical Installations

· Office Equipments

· Computers

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 judgment 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 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.103.42
Euro	1	Rs.82.17

INFORMATION DETAILS

Information Gathered by :	NYA
Analysis Done by :	SUB
Report Prepared by :	JAY

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
PAID-UP CAPITAL	1~10	2
OPERATING SCALE	1~10	2
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	2
--PROFITABILIRY	1~10	2
--LIQUIDITY	1~10	2
--LEVERAGE	1~10	2
--RESERVES	1~10	2
--CREDIT LINES	1~10	2
--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		18

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.