1. Summary Information

		Country	India
Company Name	PROTOS ENGINEERING COMPANY PRIVATE LIMITED	Principal Name 1	Mr. Nanak Gunendra Sheth
Status	Satisfactory	Principal Name 2	Mr. Utsav Rasiklal Kapadia
		Registration #	11-007221
Street Address	Thakur Niwas Co-operative Housing Society Limited Ground Floor, 173, Jamshedji Tata Road, Churchgate, Mumbai – 400 020, Maharashtra
Established Date	28.06.1949	SIC Code	--
Telephone#	91-22-66287000	Business Style 1	Manufacturer
Fax #	91-22-66287098	Business Style 2	Dealer
Homepage	http://www.protosengg.com	Product Name 1	Diesel Engines
# of employees	Not Divulged	Product Name 2	Dynamos
Paid up capital	Rs.2,960,800/-	Product Name 3	Motors
Shareholders	Bodies corporate 45.64%, Directors or relatives of directors 51.40%, Other top fifty shareholders 2.96%	Banking	HDFC Bank Limited
Public Limited Corp.	No	Business Period	65 Years
IPO	No	International Ins.	-
Public Enterprise	No	Rating	Ba (46)
Related Company
Relation	Country	Company Name	CEO
Holding Company	--	Harshadray Private Limited (As on31.03.2012)	--
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2013		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	118,900,000	Current Liabilities	25,363,000
Inventories	9,187,000	Long-term Liabilities	22,352,853
Fixed Assets	83,745,000	Other Liabilities	7,710,000
Deferred Assets	0,000	Total Liabilities	57,277,000
Invest& other Assets	138,668,000	Retained Earnings	290,262,000
		Net Worth	293,223,000
Total Assets	350,500,000	Total Liab. & Equity	350,500,000
Total Assets (Previous Year)	327,837,000
P/L Statement as of	31.03.2013		(Unit: Indian Rs.)
Sales/ Total Income	NA	Net Profit	24,330,000
Sales(Previous yr)/ Total Income	NA	Net Profit(Prev.yr)	23,580,000

Report Date :

11.08.2014

IDENTIFICATION DETAILS

Name :	PROTOS ENGINEERING COMPANY PRIVATE LIMITED
Registered Office :	Thakur Niwas Co-operative Housing Society Limited Ground Floor, 173, Jamshedji Tata Road, Churchgate, Mumbai – 400 020, Maharashtra
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	28.06.1949
Com. Reg. No.:	11-007221
Capital Investment / Paid-up Capital :	Rs.2.961 Millions
CIN No.: [Company Identification No.]	U29220MH1949PTC007221
Legal Form :	Private Limited Liability Company
Line of Business :	Trader of Different Types of Machinery Parts.
No. of Employees :	Information declined by the management.

RATING & COMMENTS

MIRA’s Rating :

Ba (46)

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

Maximum Credit Limit :	USD 1100000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Exist
Comments :	Subject is an established company having satisfactory track record. The rating takes into consideration company’s sound financial risk profile and fair liquidity position of the company. Trade relations are fair. Business is active. Payment terms are reported to be usually correct. The company can be considered for business dealings at usual trade terms and condition.

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. Ritesh
Designation :	Accounts Executive
Contact No.:	91-22-66287000
Date :	05.08.2014

LOCATIONS

Registered Office :	Thakur Niwas Co-operative Housing Society Limited Ground Floor, 173 Jamshedji Tata Road, Churchgate, Mumbai – 400 020, Maharashtra, India
Tel. No.:	91-22-66287000 / 22028134 / 22026848 / 22020365 / 22027286 / 22020263
Fax No.:	91-22-66287098 / 22021716 / 22028199
E-Mail :	protoeng@bom5.vsnl.net.in admin@protosindia.com
Website :	http://www.protosengg.com
Branch Office :	Located At: · New Delhi · Kolkata · Chennai

DIRECTORS

As on 26.09.2013

Name :

Mr. Nanak Gunendra Sheth

Designation :

Director

Address :

D-2 A/4, Vasant Vihar, Paschimi Marg, New Delhi – 110 057, India

Date of Birth/Age :

05.07.1941

Date of Appointment :

01.11.2011

DIN No. :

00034057

Election Commission Identity Card No.:

DL02010252570

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	U67120MH1975PTC018243	HARSHADRAY INVESTMENT PRIVATE LIMITED	Director	27/12/1978	27/12/1978	-	Active	NO
2	U74999MH1953PTC008985	HARSHADRAY PRIVATE LIMITED	Whole-time director	01/11/2011	27/12/1978	-	Active	NO
3	U27100MH1952PTC021224	DRYDEN PRIVATE LIMITED	Director	26/07/1984	26/07/1984	-	Active	NO
4	U74899DL1990PTC041405	REMIER ENERGY TECHNOLOGIES PRIVATE LIMITED	Director	06/09/1990	06/09/1990	-	Active	NO
5	U74140MH1958PTC013544	TECNIMONT ICB PRIVATE LIMITED	Whole-time director	26/12/1991	26/12/1991	06/07/2010	Active	NO
6	U70101DL1991PTC044419	GOLDSTAR ESTATES PRIVATE LIMITED	Director	21/04/1993	21/04/1993	-	Active	NO
7	U51109DL1994PTC059591	POWERPARTS AND ENERGY INDIA PRIVATE LIMITED	Director	13/06/1994	13/06/1994	-	Active	NO
8	U29193DL1984PTC018081	UT PUMPS AND SYSTEMS PRIVATE LIMITED	Director	28/08/1996	28/08/1996	-	Active	NO
9	U24110MH1970PTC014770	FARM CHEMICALS PRIVATE LIMITED	Director	04/07/1997	04/07/1997	-	Strike off	NO
10	U29220MH1949PTC007221	PROTOS ENGINEERING COMPANY PRIVATE LIMITED	Director	01/11/2011	30/06/1999	-	Active	NO
11	L28129MH1962PLC012289	KAIRA CAN COMPANY LIMITED	Director	27/04/2000	27/04/2000	-	Active	NO

Name :

Mr. Utsav Rasiklal Kapadia

Designation :

Director

Address :

Flat No. 131, Mehr-Naz 13^th Floor, Cuffe Parade Reclamation, Colaba, Mumbai – 400 005, Maharashtra, India

Date of Birth/Age :

06.03.1952

Date of Appointment :

29.04.1998

DIN No. :

00034154

Election Commission Identity Card No.:

MT04019051972

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	U74140MH1958PTC013544	TECNIMONT ICB PRIVATE LIMITED	Director	30/09/1974	30/09/1974	29/01/2008	Active	NO
2	U27100MH1952PTC021224	DRYDEN PRIVATE LIMITED	Director	30/09/1980	30/09/1980	-	Active	NO
3	U74999MH1953PTC008985	HARSHADRAY PRIVATE LIMITED	Director	31/07/1984	31/07/1984	-	Active	NO
4	U67120MH1975PTC018243	HARSHADRAY INVESTMENT PRIVATE LIMITED	Director	19/01/1989	19/01/1989	-	Active	NO
5	U24110MH1970PTC014770	FARM CHEMICALS PRIVATE LIMITED	Director	30/04/1990	30/04/1990	-	Strike off	NO
6	U67120MH1990PTC059149	ANNAKRISH INVESTMENT AND TRADING PRIVATE LIMITED	Director	28/02/1992	28/02/1992	-	Active	NO
7	L28129MH1962PLC012289	KAIRA CAN COMPANY LIMITED	Director	15/06/2007	01/07/1994	-	Active	NO
8	U99999MH1962PLC012424	BALMAR LAWRIE-VAN LEER LIMITED	Director	02/09/1997	02/09/1997	18/01/2008	Active	NO
9	U29220MH1949PTC007221	PROTOS ENGINEERING COMPANY PRIVATE LIMITED	Director	29/04/1998	29/04/1998	-	Active	NO
10	U72200MH1992PTC068156	SILICON INTERFACES PRIVATE LIMITED	Director	05/07/1999	05/07/1999	-	Active	NO
11	U72200MH2000PTC128517	PROVIDIAN GLOBAL SOLUTIONS PRIVATE LIMITED	Director	11/09/2000	11/09/2000	-	Active	NO
12	U91990WB2005GAP106167	TINPLATE PROMOTION COUNCIL	Director	05/12/2005	05/12/2005	22/09/2011	Active	NO
13	U74140MH1989PTC052930	TUV INDIA PRIVATE LIMITED	Managing director	22/08/2006	22/08/2006	-	Active	NO
14	L99999MH1960PLC011879	GEE LIMITED	Director	06/10/2007	06/10/2007	-	Active	NO
15	U70102MH2007PTC176965	PUMA PROPERTIES PRIVATE LIMITED	Director	19/12/2007	19/12/2007	11/06/2012	Active	NO
16	U70102MH2011PTC223266	Suproha Properties PRIVATE LIMITED	Director	19/10/2011	19/10/2011	-	Strike off	NO

Name :

Mr. Premal Narendra Kapadia

Designation :

Director

Address :

Flat No. 6, Haveli, 19 L D Ruparel Marg, Mumbai – 400 006, Maharashtra, India

Date of Birth/Age :

05.06.1949

Date of Appointment :

30.06.1999

DIN No. :

00042090

Election Commission Identity Card No.:

MT04024096081

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	U24110MH1970PTC014770	FARM CHEMICALS PRIVATE LIMITED	Director	27/12/1972	27/12/1972	-	Strike off	NO
2	U74999MH1953PTC008985	HARSHADRAY PRIVATE LIMITED	Director	30/09/1974	30/09/1974	-	Active	NO
3	U67120MH1975PTC018243	HARSHADRAY INVESTMENT PRIVATE LIMITED	Director	27/12/1978	27/12/1978	28/05/2014	Active	NO
4	U74140MH1958PTC013544	TECNIMONT ICB PRIVATE LIMITED	Additional director	06/07/2010	01/05/1982	08/07/2010	Active	NO
5	U27100MH1952PTC021224	DRYDEN PRIVATE LIMITED	Director	26/07/1984	26/07/1984	28/05/2014	Active	NO
6	U74140MH1989PTC052930	TUV INDIA PRIVATE LIMITED	Director	08/08/1989	08/08/1989	-	Active	NO
7	L02101KA1955PLC001936	THE WEST COAST PAPER MILLS LIMITED	Director	07/08/1992	07/08/1992	-	Active	NO
8	U72200MH1992PTC068156	SILICON INTERFACES PRIVATE LIMITED	Director	13/08/1992	13/08/1992	-	Active	NO
9	U74140MH1994PTC078107	INTEGRATED INDUSTRIAL QUALITY MANAGEMENT CONSULTANTS PRIVATE LIMITED	Director	02/05/1994	02/05/1994	-	Active	NO
10	L28129MH1962PLC012289	KAIRA CAN COMPANY LIMITED	Director	01/07/1994	01/07/1994	-	Active	NO
11	U29220MH1949PTC007221	PROTOS ENGINEERING COMPANY PRIVATE LIMITED	Director	30/06/1999	30/06/1999	-	Active	NO
12	U74210PN1989PTC129569	ATS AUTOMATION INDIA PRIVATE LIMITED	Director	08/07/1999	08/07/1999	25/10/2011	Active	NO
13	U74999MH1992PTC068790	BIJUR DELIMON INDIA PRIVATE LIMITED	Director	20/07/1999	20/07/1999	29/03/2007	Active	NO
14	L99999MH1979PLC021796	ALKYL AMINES CHEMICALS LIMITED	Director	20/07/1999	20/07/1999	-	Active	NO
15	U74999MH1947PTC005508	THYSSENKRUPP INDUSTRIES INDIA PRIVATE LIMITED	Director	20/07/1999	20/07/1999	-	Active	NO
16	U72200MH2000PTC128517	PROVIDIAN GLOBAL SOLUTIONS PRIVATE LIMITED	Director	11/09/2000	11/09/2000	-	Active	NO
17	L31200GA1993PLC001335	DE NORA INDIA LIMITED	Director	14/10/2002	14/10/2002	-	Active	NO
18	U74999MH2007NPL168975	JAIN INTERNATIONAL TRADE ORGANISATION	Director	20/03/2007	20/03/2007	21/04/2012	Active	NO
19	U70102MH2007PTC176965	PUMA PROPERTIES PRIVATE LIMITED	Director	19/12/2007	19/12/2007	11/06/2012	Active	NO
20	U13100MH2008PTC177764	NIMCO RATA IRON ORE AND MINERALS EXPORTS PRIVATE LIMITED	Director	11/01/2008	11/01/2008	-	Active	NO
21	U13203MH2008PTC177763	SUJATA RESOURCES PRIVATE LIMITED	Director	11/01/2008	11/01/2008	-	Active	NO
22	U45201MH2002PTC134642	VIRNEESH PROPERTIES DEVELOPERS PRIVATE LIMITED	Additional director	07/06/2009	07/06/2009	-	Active	NO
23	U70100MH2002PTC134643	VIRMAN REAL ESTATE PRIVATE LIMITED	Additional director	07/06/2009	07/06/2009	-	Active	NO
24	U70102MH2011PTC223266	SUPROHA PROPERTIES PRIVATE LIMITED	Director	19/10/2011	19/10/2011	-	Strike off	NO
25	U72300MH2013PTC249280	CLARISITY SOLUTIONS PRIVATE LIMITED	Director	17/10/2013	17/10/2013	-	Active	NO
26	AAA-3912	SUJATA INTERNATIONAL LLP	Designated Partner	24/02/2011	24/02/2011	-	Active	NO

Name :

Mr. Dadi Bejonji Engineer

Designation :

Director

Address :

Flat No. 4 (1^st Floor), Shiv Shanti Bhuvan 146, M Karve Road (Opposite The Oval), Mumbai – 400 020, Maharashtra, India

Date of Birth/Age :

02.05.1933

Date of Appointment :

30.09.1974

DIN No. :

00047028

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	L65921GA1967PLC000157	ZUARI GLOBAL LIMITED	Director	01/07/1970	01/07/1970	-	Active	NO
2	U99999MH1895NPL000121	BOMBAY INCORPORATED LAW SOCIETY	Director	19/04/1974	19/04/1974	-	Active	NO
3	U29220MH1949PTC007221	PROTOS ENGINEERING COMPANY PRIVATE LIMITED	Director	30/09/1974	30/09/1974	-	Active	NO
4	L85910GJ1974PLC002595	SIEMENS HEALTHCARE DIAGNOSTICS LIMITED	Director	06/06/1977	06/06/1977	23/06/2007	Amalgamated	NO
5	U55100MH1977PLC019660	FORVOL INTERNATIONAL SERVICES LIMITED	Director	14/11/1980	14/11/1980	-	Active	NO
6	U26900MH1937PTC002650	S P SANGHI AIRCONDITIONING PRIVATE LIMITED	Director	09/08/1984	09/08/1984	06/06/2014	Active	NO
7	L15491WB1962PLC031425	TATA GLOBAL BEVERAGES LIMITED	Director	09/08/1988	09/08/1988	28/01/2010	Active	NO
8	U27106PN1960PLC020566	ATLAS COPCO (INDIA) LIMITED	Director	01/12/1988	01/12/1988	20/01/2012	Active	NO
9	L17110GJ1985PLC033271	WELSPUN INDIA LIMITED	Director	30/05/1991	30/05/1991	-	Active	NO
10	L55200MH1967PLC013837	FOODS AND INNS LIMITED	Director	19/08/1992	19/08/1992	-	Active	NO
11	L17110MH1919PLC000628	FORBES & COMPANY LIMITED	Director	28/09/1992	28/09/1992	02/08/2013	Active	NO
12	U99999DL1993PLC054135	ICICI PRUDENTIAL ASSET MANAGEMENT COMPANY LIMITED	Director	15/03/1995	15/03/1995	26/04/2008	Active	NO
13	L74200MH1981PLC024279	PCS TECHNOLOGY LIMITED	Director	29/09/1995	29/09/1995	-	Active	NO
14	U74990PN1989PLC020632	FIORA SERVICES LIMITED	Director	30/09/1998	30/09/1998	16/11/2013	Active	NO
15	U65990MH1999PTC118686	ZOROASTRIAN INVESTMENT CORPORATION PRIVATE LIMITED	Director	01/06/2000	01/06/2000	-	Active	NO
16	U74999MH1966NPL013602	THE INDO-ITALIAN CHAMBER OF COMMERCE AND INDUSTRY	Director	26/09/2001	26/09/2001	-	Active	NO
17	L25209DN1985PLC000162	NILKAMAL LIMITED	Director	31/10/2003	31/10/2003	-	Active	NO

Name :

Mr. Vinod Jamnadas Mehta

Designation :

Whole Time Director

Address :

Flat No. 20-A, 4^th Floor, Thakur Niwas, Co-Operative Housing Society, 173, Jamshedji Tata Road, Churchgate, Mumbai – 400 020, Maharashtra, India

Date of Birth/Age :

11.04.1932

Date of Appointment :

29.01.2008

DIN No. :

00087505

Election Commission Identity Card No.:

MH04024102891

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	U29220MH1949PTC007221	PROTOS ENGINEERING COMPANY PRIVATE LIMITED	Whole-time director	29/01/2008	15/03/1985	-	Active	NO
2	U74210PN1989PTC129569	ATS AUTOMATION INDIA PRIVATE LIMITED	Director	07/04/1989	07/04/1989	25/10/2011	Active	NO
3	U74999MH1947PTC005508	THYSSENKRUPP INDUSTRIES INDIA PRIVATE LIMITED	Director	20/02/1990	20/02/1990	-	Active	NO
4	U74999MH1992PTC068790	BIJUR DELIMON INDIA PRIVATE LIMITED	Director	28/09/1992	28/09/1992	29/03/2007	Active	NO
5	U99999MH1979PTC020994	HAME AGENCIES PRIVATE LIMITED	Director	09/04/2001	09/04/2001	-	Active	NO
6	U74210MH2003PTC142289	ENGINEERING AND DESIGNS TECNIMONT ICB PRIVATE LIMITED	Director	22/02/2005	22/02/2005	31/03/2008	Amalgamated	NO

Name :

Mr. Aditya Premal Kapadia

Designation :

Director

Address :

6, Haveli, 19, L A Ruparel Marg, Mumbai – 400 006, Maharashtra, India

Date of Birth/Age :

14.10.1973

Date of Appointment :

18.10.2000

DIN No. :

00087520

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	U72200MH1992PTC068156	SILICON INTERFACES PRIVATE LIMITED	Director	26/03/1993	26/03/1993	-	Active	NO
2	U74999MH1953PTC008985	HARSHADRAY PRIVATE LIMITED	Director	24/12/1998	24/12/1998	-	Active	NO
3	U29220MH1949PTC007221	PROTOS ENGINEERING COMPANY PRIVATE LIMITED	Director	18/10/2000	18/10/2000	-	Active	NO
4	U74999MH1992PTC068790	BIJUR DELIMON INDIA PRIVATE LIMITED	Director	31/12/2001	31/12/2001	29/03/2007	Active	NO
5	U74140MH1989PTC052930	TUV INDIA PRIVATE LIMITED	Director	14/06/2005	14/06/2005	-	Active	NO
6	U70102MH2007PTC176965	PUMA PROPERTIES PRIVATE LIMITED	Director	19/12/2007	19/12/2007	11/06/2012	Active	NO
7	U13203MH2008PTC177763	SUJATA RESOURCES PRIVATE LIMITED	Director	11/01/2008	11/01/2008	-	Active	NO
8	U13100MH2008PTC177764	NIMCO RATA IRON ORE AND MINERALS EXPORTS PRIVATE LIMITED	Director	10/06/2009	18/01/2008	-	Active	NO
9	U70100MH2002PTC134643	VIRMAN REAL ESTATE PRIVATE LIMITED	Additional director	07/06/2009	07/06/2009	-	Active	NO
10	U45201MH2002PTC134642	VIRNEESH PROPERTIES DEVELOPERS PRIVATE LIMITED	Director	07/06/2009	07/06/2009	-	Active	NO
11	U70102MH2011PTC223266	SUPROHA PROPERTIES PRIVATE LIMITED	Director	19/10/2011	19/10/2011	-	Strike off	NO

Name :

Mr. Shishir Kisonlal Diwanji

Designation :

Director

Address :

Wyoming Little, GIBBS Road, Malabar Hill, Mumbai – 400 006, Maharashtra, India

Date of Birth/Age :

23.10.1939

Date of Appointment :

03.07.1987

DIN No. :

00087529

Election Commission Identity Card No.:

MT04024042548

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	L21010MH1960PLC011764	CITADEL REALTY AND DEVELOPERS LIMITED	Director	20/08/1986	20/08/1986	08/08/2013	Active	NO
2	U29220MH1949PTC007221	PROTOS ENGINEERING COMPANY PRIVATE LIMITED	Director	03/07/1987	03/07/1987	-	Active	NO
3	L29130MH1961PLC012028	ABC BEARINGS LIMITED	Director	23/06/1988	23/06/1988	-	Active	NO
4	U01110MH1979PLC021159	AMZEL LIMITED	Director	19/03/1990	19/03/1990	02/11/2009	Active	NO
5	L99999MH1959PLC011304	HAWKINS COOKERS LIMITED	Director	26/11/1991	26/11/1991	-	Active	NO
6	U33209MH1939PTC002948	GEM PHOTOGRAPHIC INDIA PRIVATE LIMITED	Director	09/01/1992	09/01/1992	-	Active	NO
7	L51909MH1982PLC143066	PODDAR DEVELOPERS LIMITED	Director	15/10/1992	15/10/1992	29/10/2010	Active	NO
8	L24100MH1963PLC012706	BORAX MORARJI LIMITED	Director	25/10/1996	25/10/1996	03/10/2013	Active	NO
9	U65991MH1999PLC123026	HDFC TRUSTEE COMPANY LIMITED	Director	11/07/2000	11/07/2000	-	Active	NO
10	U55100MH2003PTC143271	WINDMERE HOSPITALITY (INDIA) PRIVATE LIMITED	Director	24/11/2003	24/11/2003	-	Active	NO
11	U74999MH1992PTC068790	BIJUR DELIMON INDIA PRIVATE LIMITED	Alternate director	02/12/2005	02/12/2005	10/02/2009	Active	NO
12	U74900MH2011PTC214732	MYANMAR VENTURES (INDIA) PRIVATE LIMITED	Director	14/03/2011	14/03/2011	01/08/2011	Active	NO
13	U74220MH1960PLC011691	WADIA TECHNO - ENGINEERING SERVICES LIMITED	Director	18/10/2011	18/10/2011	15/01/2013	Active	NO
14	L28129MH1962PLC012289	KAIRA CAN COMPANY LIMITED	Additional director	12/11/2013	12/11/2013	-	Active	NO

Name :

Mr. Jaya Rama Shamby Mally

Designation :

Director

Address :

3/62, Parag Society, C-9 Roop Nagar, Bandra (East), Mumbai – 400 051, Maharashtra, India

Date of Birth/Age :

05.06.1948

Date of Appointment :

01.04.2006

DIN No. :

00199463

Election Commission Identity Card No.:

MT08037163040

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 26.09.2013

Names of Shareholders	No. of Shares
Utsav Rasiklal Kapadia	2818
Harshadray Private Limited, India	13514
Nirmala Harkishan Kapadia	1334
Premal Narendra Kapadia	2421
Rekha Harkishan Kapadia Jointly with Nini Kothari	4295
Nini Yogesh Kothari Jointly with Rekha Kapadia	723
Anandi Ramesh Vangal Jointly with Utsav Kapadia	192
Mrinalini Raj Kochar	302
Devika Chandrakant Shah	394
Silloo Dadi Engineer Jointly with Dadi Engineer	24
Harcharan Gokalchand Das	26
Raj Kesridas Kochar Jointly with Mrinalini Kochar	130
Shefali Narendra Kapadia	1358
Bharat Ajay Kapadia	1358
Utsav Rasiklal Kapadia Jointly with S.R. Kapadia	524
Utsav Rasiklal Kapadia Jointly with Sushila Kapadia	195
TOTAL	29608

As on 26.09.2013

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Bodies corporate	45.64
Directors or relatives of Directors	51.40
Other top fifty shareholders	2.96
Total	100.00

BUSINESS DETAILS

Line of Business :

Trader of Different Types of Machinery Parts.

GENERAL INFORMATION

No. of Employees :

Information declined by the management

Bankers :

· Bank of Baroda, Backbay Reclamation Branch, Backbay Reclamation, Ram Mahal, 8 Dinshaw Vachha Road, Mumbai – 400020, Maharashtra, India

· Kotak Mahindra Bank Limited, 36-38A, Nariman Bhavan, 227, D, Nariman Point, Mumbai – 400021, Maharashtra, India

· HDFC Bank Limited, HDFC Bank House Senapati Bapat Marg, Lower Parel (West), Mumbai - 400013, Maharashtra, India

· State Bank of India

Facilities :

(Rs. In Millions)

Secured Loan	As on 31.03.2013	As on 31.03.2012
LONG TERM BORROWING
(a) Term Loans
From HDFC Bank	0.000	1.655
(b) Other loans and advances
Vehicle loan from Kotak Mahindra Prime Limited	1.852	4.671
SHORT TERM BORROWING
Secured loan repayable on demand
From Bank of Baroda	22.351	23.461
Total	24.203	29.787

NOTES :

Long Term Borrowings:

(i) Term loan is secured as under : -

(a) By equitable mortgage by deposit of title deed of Residential premises Rashmi Flat B-6. The loan is repayable in 60 monthly installments commencing from February 2012. The loan carry interest of 13.55% p.a.

(ii) Vehicle loans are secured by hypothecation of vehicles under hire purchase agreement. The loans is repayable in equated monthly installment and carry interest rate between 10 to 13%.

Short Term Borrowings:

(i) Loans repayable on demand is secured as under :

(a) Hypothecation of book debts and stocks and guaranteed by some of the directors of the company.

(b) By equitable mortgage by deposit of title deed of Residential premises bearing unit 20A.

(c) Rate of Interest is 14.75% and repayable on demand.

Banking Relations :	---
Auditors :
Name :	Deloitte Haskins and Sells Chartered Accountants
Address :	12, Dr. Annie Besant Road, Opp. Shiv Sagar Estate, Worli, Mumbai – 400 018, Maharashtra, India
Tel. No.:	91-22-66679000
Fax No.:	91-22-66679025
PAN No:	AACGD4815A
Others Entity having significant influence over the company (As on 31.03.2012):	Harshadray Private Limited
Other Entity in which key management personnel have control or significant influence (As on 31.03.2012):	Thysserkrupp Industries India Private Limited

CAPITAL STRUCTURE

As on 26.09.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
500000	Equity Shares	Rs.100/- each	Rs. 50.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
29608	Equity Shares	Rs.100/- each	Rs. 2.961 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	2.961	2.961	2.961
(b) Reserves & Surplus	290.262	267.653	245.794
(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)	293.223	270.614	248.755
(3) Non-Current Liabilities
(a) long-term borrowings	1.853	6.327	8.720
(b) Deferred tax liabilities (Net)	0.000	1.997	2.099
(c) Other long term liabilities	2.091	0.000	0.000
(d) long-term provisions	1.797	1.611	4.974
Total Non-current Liabilities (3)	5.741	9.935	15.793
(4) Current Liabilities
(a) Short term borrowings	22.351	23.461	16.181
(b) Trade payables	7.595	7.482	8.983
(c) Other current liabilities	15.677	10.025	8.213
(d) Short-term provisions	5.913	6.320	8.329
Total Current Liabilities (4)	51.536	47.288	41.706
TOTAL	350.500	327.837	306.254
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	81.337	78.534	60.499
(ii) Intangible Assets	2.408	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	126.940	116.426	145.662
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	42.135	32.823	33.731
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	252.820	227.783	239.892
(2) Current assets
(a) Current investments	11.728	6.200	3.029
(b) Inventories	9.187	5.818	12.405
(c) Trade receivables	61.480	44.597	41.623
(d) Cash and cash equivalents	4.344	21.441	2.733
(e) Short-term loans and advances	8.888	21.877	6.567
(f) Other current assets	2.053	0.121	0.005
Total Current Assets	97.680	100.054	66.362
TOTAL	350.500	327.837	306.254

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	NA	NA
		Other Income	NA	NA
		TOTAL	NA	NA	129.664
Less	EXPENSES
		TOTAL	NA	NA	116.212
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		34.371	30.332	13.452
Less/ Add	DEPRECIATION/ AMORTISATION		10.041	6.752	8.032
	PROFIT / (LOSS) BEFORE TAX		24.330	23.580	5.420
Less	TAX		0.000	0.000	0.956
	PROFIT / (LOSS) AFTER TAX		24.330	23.580	4.464
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		133.696	114.194	111.731
Less	APPROPRIATIONS
		Transfer to General Reserve	2.433	2.357	0.446
		Proposed Dividend	1.480	1.480	1.332
		Corporate Dividend Tax	0.240	0.240	0.221
	BALANCE CARRIED TO THE B/S		153.873	133.696	114.196
	EARNINGS IN FOREIGN CURRENCY
		Commission Earnings	71.974	57.503	46.113
		Sale of Service	5.129	3.063	0.000
	TOTAL EARNINGS		77.103	60.566	46.113
	IMPORTS
		Purchase of Traded Goods	9.579	4.555	16.130
	TOTAL IMPORTS		9.579	4.555	16.130
	Earnings / (Loss) Per Share (Rs.)		821.74	796.41	150.77

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	NA	NA	3.58
Return on Total Assets (PBT/Total Assets}	(%)	10.88	11.15	3.37
Return on Investment (ROI) (PBT/Networth)		0.08	0.08	0.02
Debt Equity Ratio (Total Debt /Networth)		0.08	0.11	0.10
Current Ratio (Current Asset/Current Liability)		1.90	2.12	1.59

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	2.961	2.961	2.961
Reserves & Surplus	245.794	267.652	290.262
Net worth	248.755	270.613	293.223
long-term borrowings	8.720	6.327	1.853
Short term borrowings	16.181	23.461	22.351
Total borrowings	24.901	29.788	24.204
Debt/Equity ratio	0.100	0.110	0.083

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 one year	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	Yes
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	Yes
34]	External Agency Rating, if available	No

LITIGATION DETAILS

LITIGATION DETAILS
Bench:- Bombay
Lodging No. :	ITXAL/3641/2008	Failing Date:-	24/10/2008	Reg. No.:-	ITXA/1268/2010	Reg. Date:-	08/02/2010
Petitioner:-	THE COMMISSIONER OF INCOME TAX-I		Respondent:-	M/S. PROTOS ENGINEERING COMPANY PRIVATE LIMITED
Petn.Adv:-	VIMAL GUPTA (0)		Resp. Adv.:	DHRU AND COMPANY (0)
District:-	MUMBAI
Bench:-	DIVISION		Category:-	TAX APPEALS
Status:-	Admitted (Unready)		Stage:-	FOR ADMISSION – AFTER NOTICE (HIGH ON BOARD)
Last Date:-	13/01/2012
Last Coram:-	HON’BLE SHRI JUSTICE J.P. DEVADHAR HON’BLE SHRI JUSTICE A.A. SAYED
Act. :	Income Tax Act,1961			Under Section 260A

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10450094	17/09/2013	40,000,000.00	KOTAK MAHINDRA BANK LIMITED	36-38A, NARIMAN BHAVAN, 227,D, NARIMAN POINT, MUMBAI, Maharashtra - 400021, INDIA	B85400000
2	10450797	17/09/2013	40,000,000.00	KOTAK MAHINDRA BANK LIMITED	36-38A, NARIMAN BHAVAN, 227,D, NARIMAN POINT, MUMBAI, Maharashtra - 400021, INDIA	B85640845
3	10276490	02/01/2012 *	15,000,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI, Maharashtra - 400013, INDIA	B28728640

* Date of charge modification

CORPORATE

Subject is a private limited company incorporated under the provision of companies Act, 1956. The company is engaged in the business of trading and consulting engineering. Registered office of the company is at Mumbai and Branches in Delhi, Chennai and Kolkata.

FIXED ASSETS

· Freehold Land

· Buildings

· Equipments

· Furniture and Fittings

· Computers

· Vehicles

· Plant and Machinery

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.103.42
Euro	1	Rs.82.16

INFORMATION DETAILS

Information Gathered by :	PAL
Analysis Done by :	KAR
Report Prepared by :	ARI

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	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	YES
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		46

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.