MIRA INFORM REPORT

Report Date :

15.12.2014

IDENTIFICATION DETAILS

Name :	RAYCHEM-RPG PRIVATE LIMITED (w.e.f. 08.09.2010)
Formerly Known As :	RAYCHEM RPG LIMITED
Registered Office :	RPG House, 463, Dr. Annie Besant Road, Worli, Mumbai - 400030, Maharashtra
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	18.08.1984
Com. Reg. No.:	11-033786
Capital Investment / Paid-up Capital :	Rs. 30.000 Millions
CIN No.: [Company Identification No.]	U74999MH1984PTC033786
IEC No.:	Not Divulged
TAN No.: [Tax Deduction & Collection Account No.]	MUMR15956D
PAN No.: [Permanent Account No.]	AAACR8032L
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer, Exporter and Importer of energy transmission and distribution, transformer, telecommunications and oil and gas products.
No. of Employees :	600 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

A (64)

RATING		STATUS	PROPOSED CREDIT LINE
56-70	A	Financial & operational base are regarded healthy. General unfavorable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large

Maximum Credit Limit :	USD 5000000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is an established company having good track record. Financial position of the company is sound. Fundamentals of the company are healthy. Trade relations are reported as fair. Business is active Payment terms are reported to be regular and as per commitment. The company can be considered normal for business dealings 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 – September 30, 2014

Country Name	Previous Rating (30.06.2014)	Current Rating (30.09.2014)
India	A1	A1

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

EXTERNAL AGENCY RATING

Rating Agency Name	INDIA RATING AND RESEARCH
Rating	Long term ratings=AA-
Rating Explanation	High degree of safety and very low risk
Date	November 27, 2014

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 PARTED BY (GENERAL INFORMATION)

Name :	Mr. Himanshu Gupta
Designation :	Manager
Contact No.:	91-9873784117
Date :	11.12.2014

LOCATIONS

Registered Office / Corporate Office:	RPG House, 463, Dr. Annie Besant Road, Worli, Mumbai - 400030, Maharashtra, India
Tel. No.:	91-22-24937485 / 6 / 39509400
Mobile No.:	91-9873784117 (Mr. Himanshu Gupta)
Fax No.:	91-22-24938879
E-Mail :	info@raychemrpg.com ashah@raychemrpg.com sneha_karmarkar@raychemrpg.com kgohil@raychemrpg.com himanshu_gupta@raychemrpg.com
Website :	http://www.raychemrpg.com www.rpggroup.com
Factory :	Gat No 426/2B, Chakan Talegaon Road, Mahalunge Village, Taluka : Khed, Pune – 410501, Maharashtra, India
Operational Office 1 / Sales Office 1 :	Village Kanjari, Taluka Halol, Near Halol, GIDC, District Panchmahal-389350, Gujarat, India
Tel. No.:	91-2676-610800
Fax No.:	91-2676-610801
Sales Office 2:	Located At : · New Delhi Bangalore Kolkata Chennai Ahmedabad Thane
Operational Office 2 :	Also Located At Chakan Kaman Nalagarh Vasai

DIRECTORS

As on 24.09.2014

Name :

Mr. Sharad Madhav Kulkarni

Designation :

Director

Address :

161-A, Twin Towers, Veer Savarkar Marg, Prabhadevi, Mumbai – 400025, Maharashtra, India

Date of Birth/Age :

09.01.1939

Date of Appointment :

07.02.1989

DIN No.:

00003640

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	U74999MH1984PTC033786	RAYCHEM-RPG PRIVATE LIMITED	Director	07/02/1989	07/02/1989	-	Active	NO
2	U74130MH1996PLC102719	GLOBAL PROCUREMENT CONSULTANTS LIMITED	Director	20/09/1996	20/09/1996	29/06/2010	Active	NO
3	U74140MH1988PLC046122	R P G ENTERPRISES LIMITED	Director	25/07/2001	25/07/2001	09/04/2014	Active	NO
4	L45200MH1926PLC001228	HINDUSTAN CONSTRUCTION COMPANY LIMITED	Director	10/08/2001	10/08/2001	-	Active	NO
5	U63040MH1999PTC120013	TRAVELVOYAGES (INDIA) PRIVATE LIMITED	Director	28/01/2002	28/01/2002	09/06/2010	Active	NO
6	U99999MH1995PTC095333	PRO CAPITAL ADVISORS PRIVATE LIMITED	Director	11/12/2002	11/12/2002	21/11/2008	Active	NO
7	L25200GJ1973PLC002436	STYROLUTION ABS (INDIA) LIMITED	Director	08/02/2005	08/02/2005	-	Active	NO
8	U65991MH1994PTC078880	JM FINANCIAL TRUSTEE COMPANY PRIVATE LIMITED	Director	11/02/2005	11/02/2005	-	Active	NO
9	U70100MH2005PLC154004	HCC REAL ESTATE LIMITED	Director	29/09/2005	29/09/2005	01/08/2014	Active	NO
10	L45200MH2005PLC152061	KEC INTERNATIONAL LIMITED	Director	12/01/2006	12/01/2006	-	Active	NO
11	L24210MH1958PLC011173	BAYER CROPSCIENCE LIMITED	Director	28/08/2014	01/04/2006	-	Active	NO
12	L24110MH1998PLC115499	NAVIN FLUORINE INTERNATIONAL LIMITED	Director	25/06/2014	19/10/2006	-	Active	NO
13	L74100MH1993PLC075361	CAMLIN FINE SCIENCES LIMITED	Director	27/11/2006	27/11/2006	-	Active	NO
14	U55101MH2000PLC187834	LAVASA CORPORATION LIMITED	Director	08/06/2009	24/03/2009	-	Active	NO
15	U25202MH2004FTC149830	STYROLUTION INDIA PRIVATE LIMITED	Director	29/09/2014	01/03/2014	-	Active	NO

Name :

Mr. Ramesh Deokisandas Chandak

Designation :

Director

Address :

1202 Shrushti Towers, 12^th Floor, Old Prabhadevi Road, Prabhadevi, Mumbai – 400025, Maharashtra, India

Date of Birth/Age :

07.11.1946

Date of Appointment :

18.11.2003

DIN No.:

00026581

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	U55101TN1977PLC007261	SPENCER INTERNATIONAL HOTELS LIMITED	Director	20/09/1999	20/09/1999	-	Active	NO
2	L65921MH1997PLC194571	SUMMIT SECURITIES LIMITED	Director	29/09/1999	29/09/1999	-	Active	NO
3	L28900MH1945PLC004421	SUMMIT SECURITIES LIMITED	Director	29/09/2000	29/09/2000	30/03/2009	Amalgamated	NO
4	U74999MH1984PTC033786	RAYCHEM-RPG PRIVATE LIMITED	Director	18/11/2003	18/11/2003	-	Active	NO
5	L45200MH2005PLC152061	KEC INTERNATIONAL LIMITED	Managing director	29/09/2013	26/12/2005	-	Active	NO
6	U99999MH1970GAP014629	INDIAN ELECTRICAL AND ELECTRONICS MANUFACFTURERS ASSOCIATION	Director	04/09/2006	04/09/2006	27/09/2013	Active	NO
7	U40102MH2008PTC179720	KEC POWER INDIA PRIVATE LIMITED	Director	05/03/2008	05/03/2008	03/08/2009	Active	NO
8	U64200MH2008PTC184541	PRISM TELECOM PRIVATE LIMITED	Director	10/07/2008	10/07/2008	14/07/2009	Active	NO
9	U74130MH1996PLC102719	GLOBAL PROCUREMENT CONSULTANTS LIMITED	Director	20/06/2011	30/07/2010	-	Active	NO

Name :

Mr. Harsh Vardhan Goenka

Designation :

Director

Address :

14-15 A, IL Palazzo, B.G. Kher Marg, Malabar Hill, Mumbai – 400006, Maharashtra, India

Date of Birth/Age :

10.12.1957

Date of Appointment :

07.02.1989

DIN No.:

00026726

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	L25100MH1958PLC011041	CEAT LIMITED	Director	16/10/1981	16/10/1981	-	Active	NO
2	L24239MH1967PLC013739	BRABOURNE ENTERPRISES LIMITED	Director	16/12/1983	16/12/1983	18/06/2008	Amalgamated	NO
3	L31500MH1938PLC009887	BAJAJ ELECTRICALS LIMITED	Director	17/09/1984	17/09/1984	-	Active	NO
4	U85100MH1946GAT005082	BREACH CANDY HOSPITAL TRUST	Director	18/09/1986	18/09/1986	-	Active	NO
5	U74999MH1984PTC033786	RAYCHEM-RPG Private LIMITED	Director	07/02/1989	07/02/1989	-	Active	NO
6	U74140MH1988PLC046122	R P G ENTERPRISES LIMITED	Director	17/08/1990	17/08/1990	-	Active	NO
7	U65990MH1966PLC013459	SICOM LIMITED	Director	30/09/1994	30/09/1994	24/05/2012	Active	NO
8	L72200PN1963PLC012621	ZENSAR TECHNOLOGIES LIMITED	Nominee director	04/09/2001	04/09/2001	-	Active	NO
9	U55101TN1977PLC007261	SPENCER INTERNATIONAL HOTELS LIMITED	Director	02/12/2004	02/12/2004	-	Active	NO
10	L45200MH2005PLC152061	KEC INTERNATIONAL LIMITED	Director	12/01/2006	12/01/2006	-	Active	NO
11	L24232MH2007PLC169354	RPG LIFE SCIENCES LIMITED	Director	27/08/2008	06/02/2008	-	Active	NO
12	AAA-3425	SRI PARVATHI SUTHAN TRADING COMPANY LLP	Designated Partner	18/01/2011	18/01/2011	-	Active	NO
13	AAA-4763	ALLWIN APARTMENTS LLP	Designated Partner	09/05/2011	09/05/2011	-	Active	NO
14	AAB-2340	VAYU UDAAN AIRCRAFT LLP	Designated Partner	29/11/2012	29/11/2012	-	Active	NO
15	AAB-2348	WONDER LAND LLP	Designated Partner	29/11/2012	29/11/2012	-	Active	NO
16	AAB-2351	EKTARA ENTERPRISES LLP	Designated Partner	29/11/2012	29/11/2012	-	Active	NO
17	AAB-2721	SS TARAMA CLEAN ENERGY LLP	Designated Partner	19/12/2012	19/12/2012	-	Active	NO

Name :

Mr. Tony Martin Gatt

Designation :

Director

Address :

Hobbing Foot, 48 High Street, Gravely, Hertfordshire, 4, United Kingdom

Date of Birth/Age :

31.05.1960

Date of Appointment :

27.06.2008

DIN No.:

00052339

Name :

Mr. Raja Venkataraman

Designation :

Director

Address :

1054,Sobha Carnation,98/1, Green Glen Layout Near, Sarjapur and Marathalli, Outer Ring Road, Bellandur, Bangalore – 560103, Karnataka, India

Date of Birth/Age :

08.12.1956

Date of Appointment :

27.09.2012

DIN No.:

00669376

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	U33111KA1990PTC016063	WIPRO GE HEALTHCARE PRIVATE LIMITED	Managing director	14/07/2004	14/07/2004	07/10/2011	Active	NO
2	U31909KA1993PTC015007	TE CONNECTIVITY INDIA PRIVATE LIMITED	Managing director	28/09/2012	13/10/2011	-	Active	NO
3	U29299KL1995PLC009664	CII GUARDIAN INTERNATIONAL LIMITED	Nominee director	06/11/2013	05/11/2011	-	Active	NO
4	U74999MH1984PTC033786	RAYCHEM-RPG PRIVATE LIMITED	Director	27/09/2012	15/12/2011	-	Active	NO
5	U51397TN2001PTC047385	CURA HEALTHCARE PRIVATE LIMITED	Director	28/09/2012	25/08/2012	21/02/2014	Active	NO
6	U31908AP2012PTC084828	RADIANT INTERCONNECT SOLUTIONS (INDIA) PRIVATE LIMITED	Director	08/08/2013	08/08/2013	-	Active	NO

Name :

Mr. Anant Vardhan Goenka

Designation :

Director

Address :

14-15 A, IL Palazzo, B.G. Kher Marg, Mumbai – 400006, Maharashtra, India

Date of Birth/Age :

19.10.1981

Date of Appointment :

20.03.2008

DIN No.:

02089850

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	U74999MH1984PTC033786	RAYCHEM-RPG Private Limited	Director appointed in casual vacancy	20/03/2008	20/03/2008	-	Active	NO
2	L25100MH1958PLC011041	CEAT LIMITED	Managing director	01/04/2012	21/12/2009	-	Active	NO
3	L65993KL1990PLC005811	STEL HOLDINGS LIMITED	Director	30/12/2010	17/09/2010	-	Active	NO
4	U65990MH2005PLC152062	INSTANT HOLDINGS LIMITED	Director	22/09/2011	21/09/2010	23/07/2014	Active	NO
5	U65993MH2000PTC219686	RPG CELLULAR INVESTMENTS & HOLDINGS PRIVATE LIMITED	Director	27/09/2011	13/10/2010	-	Amalgamated	NO
6	U51909MH2010PTC217051	IDEA TRACOM PRIVATE LIMITED	Director	21/09/2011	19/10/2010	-	Amalgamated	NO
7	U51909MH2010PTC217204	GOODHOPE SALES PRIVATE LIMITED	Director	21/09/2011	19/10/2010	-	Amalgamated	NO
8	U74999TN1918PLC002341	SPENCER AND COMPANY LIMITED	Director	26/09/2011	22/11/2010	-	Active	NO
9	U70100MH1987PTC043864	ALLWIN APARTMENTS PRIVATE LIMITED	Director	29/04/2011	02/12/2010	-	Converted to LLP and dissolved	NO
10	U63040TN2001PLC047809	SPENCER'S TRAVEL SERVICES LIMITED	Additional director	25/01/2012	25/01/2012	-	Active	NO
11	U55101TN1977PLC007261	SPENCER INTERNATIONAL HOTELS LIMITED	Director	01/07/2013	16/11/2012	-	Active	NO
12	U25110DL1975NPL234072	AUTOMOTIVE TYRE MANUFACTURERS ASSOCIATION	Director	04/01/2013	04/01/2013	08/11/2013	Active	NO
13	U93000DL2012NPL238885	RUBBER SKILL DEVELOPMENT COUNCIL	Director	12/08/2013	12/08/2013	-	Active	NO
14	AAA-3425	SRI PARVATHI SUTHAN TRADING COMPANY LLP	Designated Partner	18/01/2011	18/01/2011	-	Active	NO
15	AAA-4763	ALLWIN APARTMENTS LLP	Designated Partner	09/05/2011	09/05/2011	-	Active	NO

Name :

Mr. Ajit Singh Karan Chouhan

Designation :

Director

Address :

E-4, Amalfi, 5th floor, L.D. Ruparel Marg, Malabar Hill, Mumbai – 400006, Maharashtra, India

Date of Birth/Age :

14.05.1961

Date of Appointment :

11.09.2008

DIN No.:

02284557

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	L26100MH1962PLC012406	F G P LIMITED	Director	30/09/2008	30/07/2008	04/11/2011	Active	NO
2	U74999MH1984PTC033786	RAYCHEM-RPG PRIVATE LIMITED	Director appointed in casual vacancy	11/09/2008	11/09/2008	-	Active	NO
3	L01119KL1978PLC002947	HARRISONS MALAYALAM LIMITED	Director	23/09/2008	23/09/2008	-	Active	NO
4	L24232MH2007PLC169354	RPG LIFE SCIENCES LIMITED	Director	30/09/2014	23/10/2008	-	Active	NO
5	L40100MH2003PLC138835	OCTAV INVESTMENTS LIMITED	Additional director	13/03/2009	13/03/2009	-	Amalgamated	NO
6	U99999MH1970GAP014629	INDIAN ELECTRICAL AND ELECTRONICS MANUFACFTURERS ASSOCIATION	Director	16/09/2009	16/09/2009	-	Active	NO
7	U55101TN1977PLC007261	SPENCER INTERNATIONAL HOTELS LIMITED	Director	25/09/2010	12/10/2009	-	Active	NO

Name :

Mr. Jan Alexander Gero Ciliax

Designation :

Director

Address :

Steckgasse 6, Regensburg – 93047, Germany

Date of Birth/Age :

14.11.1968

Date of Appointment :

13.03.2009

DIN No.:

02607724

Name :

Mr. Christoph Friedrich Zeyen

Designation :

Director

Address :

Parklaan, Tervuren, Germany - 3080

Date of Birth/Age :

17.09.1958

Date of Appointment :

29.06.2010

DIN No.:

03128385

Name :

Mr. Joydeep Nag

Designation :

Director

Address :

D-1203 Brigade Metro, Polis, White Field Road, Mahadevapura, Bangalore – 560048, Karnataka, India

Date of Birth/Age :

26.10.1963

Date of Appointment :

20.06.2013

DIN No.:

01501037

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	U24232WB2000PTC091267	DATEX OHMEDA (INDIA) PRIVATE LIMITED	Director	07/08/2006	07/08/2006	01/08/2012	Active	NO
2	U31909KA1996PTC020482	GE BE PRIVATE LIMITED	Director	20/07/2007	22/03/2007	01/08/2012	Active	NO
3	U72200TG2006PTC049113	MEDPLEXUS INDIA PRIVATE LIMITED	Director	26/09/2011	21/03/2011	01/08/2012	Active	NO
4	U33111KA1990PTC016063	WIPRO GE HEALTHCARE PRIVATE LIMITED	Alternate director	15/05/2012	15/05/2012	15/08/2012	Active	NO
5	U51909DL1997PTC126131	LOUIS DREYFUS COMMODITIES INDIA PRIVATE LIMITED	Additional director	03/12/2012	03/12/2012	06/02/2013	Active	NO
6	U31909KA1988PTC063917	XOL TECHNOLOGIES PRIVATE LIMITED	Director	30/09/2013	26/03/2013	-	Active	NO
7	U72900KA2000PTC028045	TE CONNECTIVITY GLOBAL SHARED SERVICES INDIA PRIVATE LIMITED	Director	30/09/2013	26/03/2013	-	Active	NO
8	L32209KA1988PLC009313	ADC INDIA COMMUNICATIONS LIMITED	Nominee director	13/08/2013	29/05/2013	-	Active	NO
9	U74999MH1984PTC033786	RAYCHEM-RPG Private Limited	Director appointed in casual vacancy	20/06/2013	20/06/2013	-	Active	NO
10	U29299KL1995PLC009664	CII GUARDIAN INTERNATIONAL LIMITED	Nominee director	28/06/2013	28/06/2013	-	Active	NO
11	U29199KA1995PTC032692	TYCO ELECTRONICS SYSTEMS INDIA PRIVATE LIMITED	Director	30/09/2013	19/07/2013	-	Active	NO
12	U29113KA2008PTC045394	DEUTSCH INDIA POWER CONNECTORS PRIVATE LIMITED	Director	20/11/2013	20/11/2013	-	Active	NO

KEY EXECUTIVES

Name :	Ms. Sneha Girish Karmarkar
Designation :	Secretary
Address :	14/A, Suyog, S. D. Road, Mulund (East), Mumbai- 400081, Maharashtra, India
Date of Birth/Age :	11.09.1989
Date of Appointment :	19.08.2013
PAN No.:	BGVPK3846C
Name :	Mr. Himanshu Gupta
Designation :	Manager

MAJOR SHAREHOLDERS

As on 24.09.2014

Names of Shareholders	No. of Shares
Raychem Internatioanl Manufacturing LLC, USA	149970
Sri Parvathi Suthan Trading Company LLP, India	149993
Chattarpati Investments Limited, India	1
Carniwal Investments Limited, India	5
Swallow Associates LLP, India	1
TE Connectivity India Private Limited, India	20
Tyco Electronics Systems India Private Limited, India	10
Total	300000

As on 24.09.2014

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	49.99
Bodies corporate	50.01
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer, Exporter and Importer of energy transmission and distribution, transformer, telecommunications and oil and gas products.

Products :

Item Code No. (ITC Code)	Product Description
85479020	Electrical conducit tubing and joints therefor, of base metal lined with insulating material

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Products :

Finished Goods

Countries :

• African Countries
• Middle east
• Australia
• Germany
• USA

Imports :

Products :

Raw Material

Countries :

Japan

Terms :

Selling :

Advance Payment, L/C and Credit

Purchasing :

Advance Payment, L/C and Credit

PRODUCTION STATUS = NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :	Ge Electric
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

Customers :

Reference :	Schneider Electric - Haryana
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

No. of Employees :

600 (Approximately)

Bankers :

• State Bank of India, Industrial Finance Branch, World Trade Centre, Cuffe Parade, Mumbai - 400005, Maharashtra, India
• Kotak Mahindra Bank Limited, 36-38A, Nariman Bhavan, 227,D, Nariman Point, Mumbai-400021, Maharashtra, India
• Yes bank Limited, 9^th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai – 400018, Maharashtra, India
• Standard Chartered Bank, 90, M G Road, Fort, Mumbai – 400001, Maharashtra, India
• HDFC Bank

Facilities :

SECURED LOANS	31.03.2014 (Rs. in Millions)	31.03.2013 (Rs. in Millions)
LONG TERM BORROWINGS
Rupee term loan from banks	134.000	316.957
SHORT TERM BORROWINGS
Working capital loans from banks	280.000	580.000
Other loans and advances	707.749	333.375
Total	1121.749	1230.332

Auditors :
Name :	Price Waterhouse Chartered Accountants
Address :	252, Veer Sawarkar Marg, Shivaji Park, Dadar, Mumbai – 400028, Maharashtra, India
PAN No.:	AAEFP3641G
Memberships :	---
Collaborators :	---
Subsidiary Company :	Raychem RPG International FZE, United Arab Emirates
Enterprises having Joint Control over the Company :	Raychem International Manufacturing LLC. U.S.A. and its affiliates: (formerly known as Raychem Radiation Technologies Inc. U.S.A.) Tyco Electronics Corporation India Private Limited India CIN No.: U31909KA1993PTC015007 Tyco Electronics Tools India Private Limited India TE Connectivity India Private Limited [U31909KA1993PTC015007] Tyco Electronics Systems India Private Limited India CIN No.: U29199KA1995PTC032692
Sri Parvati Suthan Trading Company LLP and its affiliates :	Carniwal Investments Limited India CIN No.: U67120WB1980PLC032902 Universal Industrial Fund Limited India (formerly Hilltop Holdings India Limited, India) [Upto 28th March, 2012] Chattarpati Investments Limited India RPG Cellular Investments and Holdings Private Limited India

CAPITAL STRUCTURE

As on 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
500000	Equity Shares	Rs.100/-each	Rs.50.000 Million
300000	Preference Shares	Rs.100/- each	Rs. 30.000 Millions
	Total		Rs.80.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
300000	Equity Shares	Rs.100/-each	Rs.30.000 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014	31.03.2013	31.03.2012
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	30.000	30.000	30.000
(b) Reserves & Surplus	1908.664	1708.675	1670.702
(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)	1938.664	1738.675	1700.702
(3) Non-Current Liabilities
(a) long-term borrowings	20.000	134.000	314.048
(b) Deferred tax liabilities (Net)	16.239	7.871	10.111
(c) Other long term liabilities	128.082	164.691	226.153
(d) long-term provisions	52.414	57.513	53.692
Total Non-current Liabilities (3)	216.735	364.075	604.004
(4) Current Liabilities
(a) Short term borrowings	1143.505	1148.248	1026.786
(b) Trade payables	1306.777	1140.283	1248.135
(c) Other current liabilities	351.906	417.815	391.459
(d) Short-term provisions	136.340	102.558	61.305
Total Current Liabilities (4)	2938.528	2808.904	2727.685
TOTAL	5093.927	4911.654	5032.391
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	1428.082	1379.495	1256.222
(ii) Intangible Assets	32.326	23.770	31.813
(iii) Capital work-in-progress	33.727	70.703	5.151
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.000	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	74.417	77.413	62.505
(e) Other Non-current assets	0.000	-0.005	132.468
Total Non-Current Assets	1568.552	1551.376	1488.159
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	935.768	799.048	916.636
(c) Trade receivables	2172.178	2181.539	2170.384
(d) Cash and cash equivalents	78.027	50.359	39.805
(e) Short-term loans and advances	324.377	328.370	414.766
(f) Other current assets	15.025	0.962	2.641
Total Current Assets	3525.375	3360.278	3544.232
TOTAL	5093.927	4911.654	5032.391

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income
	Other Income
	TOTAL	7119.000	6144.200	6379.900
Less	EXPENSES	6466.495	5817.847	5937.742
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND EXTRA-ORDINARY ITEMS	652.505	326.335	0.000
Add	EXTRA-ORDINARY ITEM	5.858	0.000	0.000
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	658.363	326.353	442.158
Less/ Add	DEPRECIATION/ AMORTISATION	175.172	152.897	152.007
	PROFIT/ (LOSS) BEFORE TAX	483.191	173.456	290.151
Less	TAX	177.574	47.406	86.079
	PROFIT/ (LOSS) AFTER TAX	305.617	126.050	204.072
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD	1325.353	1299.654	1168.289
Less	APPROPRIATIONS
	Transfer to General Reserve	30.562	12.605	20.407
	Dividend	90.000	75.000	45.000
	Tax on Dividend	15.296	12.746	7.300
	Total	135.858	100.351	72.707
	Balance Carried to the B/S	1495.112	1325.353	1299.654
	EARNINGS IN FOREIGN CURRENCY
	F.O.B. Value of Exports	2577.666	2193.641	2091.04
	Freight
	Insurance
	TOTAL EARNINGS	2577.666	2193.641	2091.040
	Earnings / (Loss) Per Share (Rs.)	1018.72	420.17	680.24

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Return on Total Assets (PBT/Total Assets}	(%)	9.55	3.58	5.77
Return on Investment (ROI) (PBT/Networth)		0.25	0.10	0.17
Debt Equity Ratio (Total Debt /Networth)		0.60	0.74	0.79
Current Ratio (Current Asset/Current Liability)		1.20	1.20	1.30

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	30.000	30.000	30.000
Reserves & Surplus	1670.702	1708.675	1908.664
Net worth	1700.702	1738.675	1938.664
long-term borrowings	314.048	134.000	20.000
Short term borrowings	1026.786	1148.248	1143.505
Total borrowings	1340.834	1282.248	1163.505
Debt/Equity ratio	0.788	0.737	0.600

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Total Revenue	6379.900	6144.200	7119.000
		(3.694)	15.865

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	6379.900	6144.200	7119.000
Profit	204.072	126.050	305.617
	3.20%	2.05%	4.29%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last three years	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	Yes
18]	Major customers	Yes
19]	Payments terms	Yes
20]	Export / Import details (if applicable)	Yes
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	Yes

Note:

The registered office has been shifted from CEAT Mahal, 463 Dr. Annie Besant Road, Worli, Mumbai – 400030, Maharashtra, India to the present address w.e.f. 14.12.2010.

OPERATIONS

The Company achieved total revenues of Rs. 7119.000 Million during the current financial year ended 31st March 2014 as compared to total revenues of Rs. 6144.200 Million achieved during the previous year. The profit after tax for the financial year was Rs. 305.600 Million which is more than twice of the profit after tax of Rs. 126.000 Million during the previous year. This is mainly because EPD and IBD has contributed to the improved performance of Company despite sluggish market conditions. The Company has further undertaken several business/marketing strategies, product portfolio rationalization, market penetration, business restructuring and cost reduction initiatives during the current financial year to improve the profitability.

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10481344	28/02/2014	140,000,000.00	KOTAK MAHINDRA BANK LIMITED	36-38A, NARIMAN BHAVAN, 227,D,, NARIMAN POINT,, M UMBAI, Maharashtra - 400021, INDIA	B97959449
2	90241523	09/04/2014 *	3,364,000,000.00	State Bank of India	STATE BANK OF INDIA, WORLD TRADE CENTRE, CUFFE PA RADE, MUMBAI, Maharashtra - 400005, INDIA	C02881159

UNSECURED LOANS

PARTICULAR	31.03.2014 (Rs. in Millions)	31.03.2013 (Rs. in Millions)
LONG TERM BORROWINGS
Other loans and advances	(114.000)	(182.957)
SHORT TERM BORROWINGS
Other loans and advances	155.756	234.873
Total	41.756	51.916

PRESS RELEASE

TE CONNECTIVITY COMPLETES RAYCHEM RPG BUY

BANGALORE, AUG 5 

TE Connectivity has completed the acquisition of the telecom business of Raychem RPG, a joint venture company co-owned by TE and RPG Enterprises.

A company statement said the acquired business will now become part of TE's Network Solutions segment.

As a part of the acquisition, TE recently inaugurated the new manufacturing facility in Vasai, Mumbai, which will be the hub for telecommunication engineering services supplying the fibre market in the Southeast Asia region, the statement said. “We aspire to become the market leader in the telecommunications sector and the acquisition will further strengthen the foundation of our company,” said KK Shetty, Director, India and SAARC, Network Solutions, TE India."

FIXED ASSETS

• Land
• Building
• Plant and Machinery
• Furniture and Fixtures
• Office Equipments
• Vehicles
• Leasehold Improvement
• Software

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.62.44
UK Pound	1	Rs.98.15
Euro	1	Rs.77.38

INFORMATION DETAILS

Information Gathered by :	DIP
Analysis Done by :	SUB
Report Prepared by :	PNM

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	8
PAID-UP CAPITAL	1~10	7
OPERATING SCALE	1~10	7
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	7
--PROFITABILITY	1~10	7
--LIQUIDITY	1~10	7
--LEVERAGE	1~10	7
--RESERVES	1~10	7
--CREDIT LINES	1~10	7
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		64

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 unfavorable 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.