MIRA INFORM REPORT

Report Date :

16.12.2014

IDENTIFICATION DETAILS

Name :	AMTEK ENERGY AND POWER PRIVATE LIMITED
Registered Office :	S.C.O. 13-14-15, 3^rd Floor, Sector 34-A, Chandigarh – 160 033, Chandigarh
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	10.07.2007
Com. Reg. No.:	53-030870
Capital Investment / Paid-up Capital :	Rs.6.800 Millions
CIN No.: [Company Identification No.]	U31100CH2007PTC030870
TAN No.: [Tax Deduction & Collection Account No.]	PTLA12867B
PAN No.: [Permanent Account No.]	AAGCA4107P
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is engaged in providing turnkey solutions in HV and EHV.
No. of Employees :	Information declined by the management.

RATING & COMMENTS

MIRA’s Rating :

Ba (47)

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

Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track. Management of the company has failed to file its latest financial with the the government department. As per available financial of 2013, financial position of the company seems to be decent. Trade relations are reported as fair. Business is active. Payments are reported to be usually correct. The company can be considered 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	Not Available
Rating	Not Available
Rating Explanation	Not Available
Date	Not Available

RBI DEFAILTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAILTERS’ 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. Hartek Amrik Singh
Designation :	Director
Contact No.:	91-9815011803
Date :	16.12.2014

LOCATIONS

Registered Office :	S.C.O. 13-14-15, 3^rd Floor, Sector 34-A, Chandigarh – 160 033, Chandigarh, India
Tel. No.:	91-172-2605899, 2612099, 4004123-29
Mobile No.:	91-9815011803 (Mr. Hartek Amrik Singh)
Fax No.:	91-172-2616559
E-Mail :	enquiry@amtekgroup.in finance_accounts@amteksales.com sanjivkgoel@hotmail.com hr@amtekelectric.in
Website :	http://www.amtekgroup.in

DIRECTORS

AS ON 30.09.2013

Name :

Mr. Hartek Amrik Singh

Designation :

Director

Address :

House No.356, Sector-44A, Chandigarh – 160 047, Chandigarh, India

Date of Birth/Age :

22.02.1964

Date of Appointment :

10.07.2007

DIN No.:

01324320

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	U31100CH2007PTC030870	AMTEK ENERGY AND POWER PRIVATE LIMITED.	Director	10/07/2007	10/07/2007	-	Active	NO
2	U31200CH2012PTC034098	HARTEK INDIA PRIVATE LIMITED	Director	21/09/2012	21/09/2012	-	Active	NO

Name :

Mrs. Keerti Hartek Singh

Designation :

Director

Address :

House No.2182, Phase – 10, Mohali – 160 067, Punjab, India

Date of Birth/Age :

20.06.1967

Date of Appointment :

10.07.2007

DIN No.:

01188372

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	U51909CH1995PTC016449	AMTEK SALES AND SERVICES PRIVATE LIMITED	Director	18/05/1995	18/05/1995	-	Strike off	NO
2	U31100CH2007PTC030870	AMTEK ENERGY AND POWER PRIVATE LIMITED.	Director	10/07/2007	10/07/2007	-	Active	NO
3	U31200CH2012PTC034098	HARTEK INDIA PRIVATE LIMITED	Director	21/09/2012	21/09/2012	-	Active	NO

Name :

Mr. Simarpreet Singh

Designation :

Director

Address :

House No.2182, Phase – 10, Mohali – 160 067, Punjab, India

Date of Birth/Age :

07.08.1990

Date of Appointment :

23.03.2009

DIN No.:

02620183

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	U31100CH2007PTC030870	AMTEK ENERGY AND POWER PRIVATE LIMITED.	Director	23/03/2009	23/03/2009	-	Active	NO
2	U31200CH2012PTC034098	HARTEK INDIA PRIVATE LIMITED	Director	21/09/2012	21/09/2012	-	Active	NO

Name :

Ms. Amarjit Kaur Singh

Designation :

Director

Address :

H.No.356, Sector-44A, Chandigarh – 160 047, Chandigarh, India

Date of Birth/Age :

15.03.1939

Date of Appointment :

10.07.2007

DIN No.:

01324312

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	U51909CH1995PTC016449	AMTEK SALES AND SERVICES PRIVATE LIMITED	Director	01/02/2000	01/02/2000	-	Strike off	NO
2	U31100CH2007PTC030870	AMTEK ENERGY AND POWER PRIVATE LIMITED.	Director	10/07/2007	10/07/2007	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2013

Names of Shareholders	No. of Shares
Keerti Hartek Singh	474000
Hartek Singh	204000
Amarjit Kaur Singh	1000
Simarpreet Singh	1000
Total	680000

AS ON 04.06.2014

Names of Allottees	No. of Shares
Keerti Hartek Singh	964600
Hartek Singh	542500
Simarpreet Singh	150000
Total	1657100

AS ON 30.09.2013

Equity Share Breakup	Percentage of Holding
Category
Directors or relatives of directors	100.00

BUSINESS DETAILS

Line of Business :	Subject is engaged in providing turnkey solutions in HV and EHV.
Brand Names :	Not Divulged
Agencies Held :	Not Divulged
Exports :	Not Divulged
Imports :	Not Divulged
Terms :	Not Divulged

GENERAL INFORMATION

Supplier :

Not Divulged

Customer :

Not Divulged

No. of Employees :

Information declined by the management.

Bankers :

v Union Bank of India, Sector-35-C, Chandigarh – 160 036, Chandigarh, India

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

v HDFC Bank Limited

Facilities :

Secured Loan	31.03.2013 (Rs. in Millions)	31.03.2012 (Rs. in Millions)
Long-term Borrowings
Term loans
Vehicles	1.248	1.526
Short-term borrowings
Cash Credit Secured with a charge on the current assets of the company namely stock and trade equipment.	16.970	15.807
Total	18.218	17.333

Banking Relations :	--
Auditors :
Name :	Kansal Singla and Associates Chartered Accountants
Address :	SCO 80-81, 4^th Floor, Sector 17-C, Chandigarh – 160 017, Chandigarh, India
Tel. No.:	91-172-5078401-02
Fax No.:	91-172-5072903
Website :	www.cakansalsigla.com
Income-tax PAN of auditor or auditor's firm :	AAAFA9144R
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

AS ON 30.09.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
2500000	Equity Shares	Rs.10/- each	Rs.25.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
2337100	Equity Shares	Rs.10/- each	Rs.23.371 Millions

AS ON 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
1000000	Equity Shares	Rs.10/- each	Rs.10.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
680000	Equity Shares	Rs.10/- each	Rs.6.800 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	6.800	3.800	3.800
(b) Reserves & Surplus	16.621	12.873	9.717
(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)	23.421	16.673	13.517
(3) Non-Current Liabilities
(a) long-term borrowings	1.248	1.526	4.825
(b) Deferred tax liabilities (Net)	0.230	0.152	0.152
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	1.478	1.678	4.977
(4) Current Liabilities
(a) Short term borrowings	16.970	15.807	6.756
(b) Trade payables	18.250	10.652	19.662
(c) Other current liabilities	20.829	48.278	36.159
(d) Short-term provisions	1.632	1.442	1.161
Total Current Liabilities (4)	57.681	76.179	63.738
TOTAL	82.580	94.530	82.232
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	7.336	4.564	2.775
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.000	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000	0.000
(e) Other Non-current assets	0.000	0.000	0.003
Total Non-Current Assets	7.336	4.564	2.778
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	1.515	6.818	2.710
(c) Trade receivables	28.695	47.228	50.136
(d) Cash and cash equivalents	36.207	25.966	17.796
(e) Short-term loans and advances	8.827	9.954	8.812
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	75.244	89.966	79.454
TOTAL	82.580	94.530	82.232

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2013	31.03.2012	31.03.2011
	SALES
	Income	372.461	318.585	NA
	Other Income	3.543	2.121	NA
	TOTAL	376.004	320.706	NA
	EXPENSES
	TOTAL	NA	316.108	NA
	PROFIT/ (LOSS) BEFORE TAX	NA	4.597	NA
Less	TAX	NA	1.442	NA
	PROFIT/ (LOSS) AFTER TAX	3.748	3.155	3.518
	Earnings / (Loss) Per Share (Rs.)	5.51	83.05	62.02

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
Net Profit Margin PAT/ Sales	(%)	1.01	0.99	NA
PBIDT / Sales	(%)	NA	1.44	NA
Return on Total Assets (PBT/Total Assets}	(%)	NA	4.86	NA
Return on Investment (ROI) (PBT/Networth)		NA	0.28	NA
Debt Equity Ratio (Total Debt /Networth)		0.78	1.04	0.86
Current Ratio (Current Asset/Current Liability)		1.30	1.18	1.25

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	3.800	3.800	6.800
Reserves & Surplus	9.717	12.873	16.621
Net worth	13.517	16.673	23.421
long-term borrowings	4.825	1.526	1.248
Short term borrowings	6.756	15.807	16.970
Total borrowings	11.581	17.333	18.218
Debt/Equity ratio	0.857	1.040	0.778

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)
Sales	318.585	372.461
		16.911

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)
Sales	318.585	372.461
Profit	3.155	3.748
	0.99%	1.01%

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 two 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	No
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	No
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10273014	25/09/2013 *	55,000,000.00	YES BANK LIMITED	9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR.  ANNIE BESANT ROAD, WORLI,, MUMBAI, MAHARASHTRA -  400018, INDIA	B89625248

* Date of charge modification

FIXED ASSETS:

• Air Conditioner
• Computer
• Car
• Furniture and Fixture
• Mobile
• Electrical Equipment
• Inverter

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 records 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.62.65
UK Pound	1	Rs.98.53
Euro	1	Rs.78.02

INFORMATION DETAILS

Information Gathered by :	SVA
Analysis Done by :	RAS
Report Prepared by :	SNT

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	6
--CREDIT LINES	1~10	5
--MARGINS	-5~5	-----
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		47

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.