MIRA INFORM REPORT

Report Date :

07.02.2014

IDENTIFICATION DETAILS

Name :	JBM AUTO SYSTEM PRIVATE LIMITED (w.e.f. 29.05.2009)
Formerly Known As :	THYSSENKRUPP JBM PRIVATE LIMITED
Registered Office :	No.1, Ford Suppliers Park, S.P. Koil Post, Chengalpattu, Kancheepuram-603204, Tamilnadu
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	08.06.1998
Com. Reg. No.:	18-046810
Capital Investment / Paid-up Capital :	Rs.248.900 Millions
CIN No.: [Company Identification No.]	U34300TN1998PTC046810
TAN No.: [Tax Deduction & Collection Account No.]	CHEK02266F
TIN No.:	33671602648
PAN No.: [Permanent Account No.]	AAACK8997R
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Sheet Metal Components For OEM’s.
No. of Employees :	Not Available

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

Maximum Credit Limit :	USD 4579900
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track record. The company is progressing well. Trade relations are reported as decent. Business is active. Payments are reported to be usually correct and as per commitments. 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 – December 1, 2013

Country Name	Previous Rating (30.09.2013)	Current Rating (01.12.2013)
India	A1	A1

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

INDIAN ECONOMIC OVERVIEW

The services sector, the largest contributor to India’s GDP, contracted for the sixth consecutive month in December, as orders dipped. However, hiring has risen.  Direct tax collections rose 12.3 % during the April – December period of the current financial year.  The government has decided to retain 100 per cent foreign direct investment in both greenfield (new) and brown field (existing) pharmaceutical companies, despite concerns over genetic drugs going out of production, if multi-national companies take over domestic ones. In M&A deals, a non compete clause would not be allowed, except in special circumstances. The Department of Industrial Policy and Promotion plans to release the next edition of its consolidated foreign direct investment policy document on March 31, incorporating changes made in the past year. DIPP compiles all policies related to India’s FDI regime into a single document to make it easy for investors to understand. 185 million estimated number of mobile internet users in India by June 2014, according to a report by the Internet & Mobile Association of India and IMRB International.  India had 110 million mobile internet users with 25 million in rural areas. $3.77 tn estimated global IT spending in 2014, according to research firm Gartner Inc. The growth forecast for this year is cut to 3.1 %from the earlier estimate of 3.5 %. The spending growth forecast for telecom services – a segment that accounts for more than 40 % at total IT spending – from 1.9 per cent to 1.2 per cent is the main reason for this overall IT cut. A Reserve Bank of India committee has recommended setting up a special category of lenders who would cater to small businesses and households, to expand the number of customers with access to banking services. These banks would focus onproviding payment services and deposit products.  Indian banks want the free use of automated teller machines to be capped at five transactions in a month including that of the bank in which the account is active. This follows state government order to banks to install security guards at ATM booths after a woman banker was assaulted in Bangalore. The government is likely to present a vote on Account in mid-February. The annual Economic Survey will be tabled later in Parliament along with the full Budget. A full Budget for 2014/15 is likely to be present in July by the new government formed after the General Election. The government will soon launch an internet spy system, called Netra, to detect malafide messages. Security agency will deploy the system to capture dubious voice traffic on applications such as Skype and Google Talk, as well as tweeters.

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	BBB [Long Term]
Rating Explanation	Moderate degree of safety. It carry moderate credit risk.
Date	29.01.2014

Rating Agency Name	CRISIL
Rating	A3+ [Short Term]
Rating Explanation	Moderate degree of safety. It carry higher credit risk.
Date	29.01.2014

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 31-03-2012.

LOCATIONS

Registered Office/ Factory :	No.1, Ford Suppliers Park, S.P. Koil Post, Chengalpattu, Kancheepuram-603204, Tamilnadu, India
Tel. No.:	91-44-27454993/ 994 / 4960 / 603204
Fax No.:	91-44-27454962
E-Mail :	csjbmas@jbm-group.com skartik@jbm.co.in
Website :	www.jbm-group.com
Corporate Office :	601, Hemkunt Chambers, 89, Nehru Place, New Delhi-110019, India
Fax No.:	91-11-26427100
E-Mail :	corp@jbm.co.in

DIRECTORS

AS ON 30.09.2013

Name :	Mr. Surendra Kumar Arya
Designation :	Director
Address :	W-101, Greater Kailash II, New Delhi – 110048, India
Date of Birth/Age :	10.11.1957
Date of Appointment :	16.03.2001
DIN No.:	00004626

Other Directorship

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U27109DL1982PLC084678	JBM INDUSTRIES LIMITED	Director	18-08-82	18-08-82	-	Active	NO
2	L29130DL1987PLC027342	JAY BHARAT MARUTI LIMITED	Managing director	10-06-08	19-03-87	-	Active	NO
3	U74899DL1990PLC101070	GURERA INDUSTRIES LIMITED	Director	16-11-90	16-11-90	-	Active	NO
4	L74899DL1994PLC063412	A TO Z SECURITIES LIMITED	Director	12-12-94	12-12-94	-	Active	NO
5	U74899DL1995PLC064073	JAY BHARAT EXHAUST SYSTEMS LIMITED	Director	05-01-95	05-01-95	-	Amalgamated	NO
6	U74899DL1991PTC044376	JBM BUILDERS PRIVATE LIMITED	Director	01-04-95	01-04-95	-	Active	NO
7	U74899DL1995PLC067432	JBM INTERNATIONAL LIMITED	Director	18-04-95	18-04-95	-	Active	NO
8	U35990DL1995PLC071596	JAYBHARAT BREED LIMITED	Director	09-08-95	09-08-95	28-07-09	Amalgamated	NO
9	U74899DL1998PTC095612	ANS HOLDING PRIVATE LIMITED	Director	18-08-98	18-08-98	-	Active	NO
10	U34392HR1999PTC034392	NAGATA INDIA PRIVATE LIMITED	Nominee director	23-12-99	23-12-99	11-09-09	Active	NO
11	U27109HR1975PLC007910	JAICO STEEL FASTNERS LIMITED	Director	01-08-00	01-08-00	-	Amalgamated	NO
12	L74899DL1996PLC083073	JBM AUTO LIMITED	Director	01-08-00	01-08-00	-	Active	NO
13	U34300TN1998PTC046810	JBM AUTO SYSTEM PRIVATE LIMITED	Director	16-03-01	16-03-01	-	Active	NO
14	U74899DL1997PLC086432	NEEL METAL PRODUCTS LIMITED	Director	01-05-02	01-05-02	-	Active	NO
15	L74899DL1992PLC050333	MINDA INDUSTRIES LIMITED	Director	29-01-03	29-01-03	-	Active	NO
16	U99999DL1959PLC176013	AUTOMOTIVE COMPONENT MANUFACTURERS ASSOCIATION OF INDIA	Director	02-09-03	02-09-03	-	Active	NO
17	U34300DL2003PTC123285	THAI SUMMIT NEEL AUTO PRIVATE LIMITED	Nominee director	02-12-03	02-12-03	-	Active	NO
18	U45201DL2003PTC120054	SATISH BUILDWELL PRIVATE LIMITED	Director	03-03-05	03-03-05	-	Active	NO
19	U74899DL2005PTC142456	UNITECH SAI PRIVATE LIMITED	Director	10-11-05	10-11-05	-	Active	NO
20	U70109DL2006PTC150012	SHREEAUMJI INFRASTRUCTURE AND PROJECTS PRIVATE LIMITED	Director	22-06-06	22-06-06	-	Active	NO
21	L19201HR1986PLC033185	LIBERTY SHOES LIMITED	Director	20-09-06	20-09-06	-	Active	NO
22	U28111DL2006PTC155129	ARCELOR NEEL TAILORED BLANK PRIVATE LIMITED	Nominee director	01-11-06	01-11-06	-	Active	NO
23	U74899DL2006PTC144713	SHREEAUMJI DEVELOPERS SEZ PRIVATE LIMITED	Director	28-09-07	14-11-06	-	Active	NO
24	U45201DL2006PTC144714	SHREEAUMJI REAL ESTATE SEZ PRIVATE LIMITED	Director	28-09-07	14-11-06	-	Active	NO
25	U74140DL2007PTC158597	NEEL METAL FANALCA ENVIRONMENT MANAGEMENT PRIVATE LIMITED	Nominee director	02-02-07	02-02-07	-	Active	NO
26	U13203DL2007PLC164433	ANS STEEL TUBES LIMITED	Director	06-06-07	06-06-07	-	Active	NO
27	U92100MH2007PLC172122	VICHAAR TELEVISION NETWORK LIMITED	Director	29-11-07	29-11-07	-	Active	NO
28	U29220DL2007PTC171360	JBM MA AUTOMOTIVE PRIVATE LIMITED	Director	12-12-07	12-12-07	-	Active	NO
29	U74140DL2008PTC172320	JBM ENVIRONMENT MANAGEMENT PRIVATE LIMITED	Director	07-01-08	07-01-08	-	Active	NO
30	U45200DL2007PTC160649	MULTIVISION CONSTRUCTIONS PRIVATE LIMITED	Director	15-09-08	30-06-08	-	Active	NO
31	U27100DL2009PLC187584	JBM OGIHARA AUTOMOTIVE INDIA LIMITED	Director	13-02-09	13-02-09	-	Active	NO
32	U28900DL2010PLC211731	M J CASTING LIMITED	Director	23-12-10	23-12-10	-	Active	NO
33	U28113DL2011PTC212192	FJM CYLINDERS PRIVATE LIMITED	Director	05-01-11	05-01-11	-	Active	NO

Name :	Mr. Hans Raj Saini
Designation :	Director
Address :	Kothi No.160, Sector 14, Faridabad – 121005, Haryana, India
Date of Birth/Age :	01.03.1938
Date of Appointment :	12.03.2003
DIN No.:	00004665

Other Directorship

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U74899DL1995PLC067432	JBM INTERNATIONAL LIMITED	Director	01-04-01	01-04-01	-	Active	NO
2	U74899DL1997PLC086432	NEEL METAL PRODUCTS LIMITED	Director	01-04-01	01-04-01	14-09-07	Active	NO
3	L74899DL1996PLC083073	JBM AUTO LIMITED	Whole-time director	07-06-07	07-06-02	-	Active	NO
4	U34300TN1998PTC046810	JBM AUTO SYSTEM PRIVATE LIMITED	Nominee director	12-03-03	12-03-03	-	Active	NO
5	U27100DL2009PLC187584	JBM OGIHARA AUTOMOTIVE INDIA LIMITED	Director	13-02-09	13-02-09	-	Active	NO

Name :	Mr. Anand Swaroop Khandelwal
Designation :	Director
Address :	C-5A/14, II Floor, Janakpuri – 110058, New Delhi
Date of Birth/Age :	07.10.1960
Date of Appointment :	04.08.2011
DIN No.:	00004816
Voter ID No.:	ABL0296509

Other Directorship

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U74899DL1995PLC067432	JBM INTERNATIONAL LIMITED	Director	18-04-95	18-04-95	-	Active	NO
2	U34300DL2003PTC123285	THAI SUMMIT NEEL AUTO PRIVATE LIMITED	Nominee director	15-12-03	15-12-03	-	Active	NO
3	U45201DL2003PTC120054	SATISH BUILDWELL PRIVATE LIMITED	Director	03-03-05	03-03-05	-	Active	NO
4	U74899DL2006PTC144712	HICOM INFRASTUCTURE PRIVATE LIMITED	Director	12-01-06	12-01-06	-	Active	NO
5	U45201DL2006PTC144717	SHREEAUMJI BUILDERS PRIVATE LIMITED	Director	12-01-06	12-01-06	-	Active	NO
6	U45201DL2006PTC144715	SHREEAUMJI PROPERTIES PRIVATE LIMITED	Director	12-01-06	12-01-06	-	Active	NO
7	U45201DL2006PTC144716	SHREEAUMJI BUILDWELL PRIVATE LIMITED	Director	12-01-06	12-01-06	-	Active	NO
8	U70109DL2006PTC149250	SHREEAUMJI BUILDTECH PRIVATE LIMITED	Director	27-05-06	27-05-06	-	Active	NO
9	U70109DL2006PTC150431	COMTECH INFRASTRUCTURE PRIVATE LIMITED	Director	30-06-06	30-06-06	-	Active	NO
10	U35990DL1995PLC071596	JAYBHARAT BREED LIMITED	Director	30-09-08	09-12-06	-	Amalgamated	NO
11	U13203DL2007PLC164433	ANS STEEL TUBES LIMITED	Alternate director	26-09-11	01-11-07	-	Active	NO
12	U29220DL2007PTC171360	JBM MA AUTOMOTIVE PRIVATE LIMITED	Director	14-05-09	12-03-08	-	Active	NO
13	U45200DL2008PTC178619	JBM PROJECTS AND INFRASTRUCTURE PRIVATE LIMITED	Director	27-05-08	27-05-08	-	Active	NO
14	U28910DL2008PLC185040	JBM MOTORS LIMITED	Director	19-11-08	19-11-08	-	Active	NO
15	U34300TN1998PTC046810	JBM AUTO SYSTEM PRIVATE LIMITED	Director	04-08-11	23-02-09	-	Active	NO
16	U80302DL2009PTC190802	JBM CADMIUM PRIVATE LIMITED	Director	02-06-09	02-06-09	-	Active	NO
17	U28931DL2008PTC174381	INDO TOOLINGS PRIVATE LIMITED	Director	20-08-09	01-07-09	-	Active	NO
18	U27100DL2009PLC187584	JBM OGIHARA AUTOMOTIVE INDIA LIMITED	Director	28-07-10	21-09-09	-	Active	NO
19	U28900DL2010PLC211731	M J CASTING LIMITED	Director	23-12-10	23-12-10	-	Active	NO
20	U34201TN2011FTC079145	YOROZU JBM AUTOMOTIVE TAMIL NADU PRIVATE LIMITED	Director	10-02-11	10-02-11	-	Active	NO
21	U74140DL2011PTC227157	JBM CORPORATE SERVICES PRIVATE LIMITED	Director	08-11-11	08-11-11	-	Active	NO

Name :	Mr. Pramod Manglik
Designation :	Director
Address :	AA – 19, 3^rd Street, Anna Nagar, Chennai – 600 040, Tamilnadu, India
Date of Birth/Age :	10.09.1954
Date of Appointment :	27.09.2010
DIN No.:	02743788

Other Directorship

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U28910TN2000PTC049876	NEEL INDUSTRIES PRIVATE LIMITED	Director	30-09-09	28-07-09	-	Active	NO
2	U34300TN1998PTC046810	JBM AUTO SYSTEM PRIVATE LIMITED	Whole-time director	27-09-10	02-01-10	-	Active	NO

Name :	Mr. Mahesh Kumar Agarwal
Designation :	Director
Address :	D-4, BHEL Township, Sector – 14, Guatam Budh Nagar, Noida – 201301, Uttar Pradesh, India
Date of Birth/Age :	06.05.1943
Date of Appointment :	04.08.2011
DIN No.:	00004982

Other Directorship

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U67120DL1996PTC078853	METOS INVESTMENT PRIVATE LIMITED	Director	05-02-01	05-02-01	-	Active	NO
2	U72000DL2000PTC103912	COMPASS TECHNOLOGIES PRIVATE LIMITED.	Director	05-02-01	05-02-01	06-09-08	Active	NO
3	L74899DL1996PLC083073	JBM AUTO LIMITED	Director	07-06-02	07-06-02	-	Active	NO
4	U74899DL1985PTC022215	PRAGMAC SOURCES AND SERVICES PRIVATE LIMITED	Director	29-04-04	29-04-04	-	Active	NO
5	U74899DL1995PTC072245	ORIENTAL ECOTECH SERVICES PRIVATE LIMITED	Director	02-02-06	02-02-06	-	Active	NO
6	U34300TN1998PTC046810	JBM AUTO SYSTEM PRIVATE LIMITED	Director	04-08-11	09-11-10	-	Active	NO

KEY EXECUTIVES

Name :	Bala Geetha Valli N.
Designation :	Secretary
Address :	Flat A1, Eminent Krishna Apartment No. 4, Rajarao Street, East Tambaram, Chennai-600059, Tamilnadu, India
Date of Birth/Age :	20.10.1988
Date of Appointment :	02.05.2013
Pan No.:	AWOPB0079Q

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2013

Names of Shareholders	No. of Shares
ANS Holding Private Limited, India	2450000
JBM International Limited, India	2499998
A to Z Securities Limited, India	1550000
JBM Auto Limited, India	18390000
Surendra Kumar Arya	2
TOTAL	24890000

AS ON 30.09.2013

Equity Share Breakup	Percentage of Holding
Category
Bodies corporate	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Sheet Metal Components For OEM’s.

Products :

ITEM CODE NO. (ITC CODE)	PRODUCT DESCRIPTION
Auto Components	87082900
M. S. Scrap	72044900

PRODUCTION STATUS [AS ON 31.03.2011]

Particulars	Unit	Licensed Capacity	Installed Capacity	Actual Production
Welding (Million Spots)	Nos.	NA	134	32
Sheet Metal Components and Assemblies / Sub- assemblies	Nos.	NA	NA	9910809

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

· DBS Bank Limited, Upper Ground Floor, Birla Tower, 25, Barakhamba Road, New Delhi-110001, India

· Indus-Ind Bank Limited, No.3, Village Road, Nungambakkam, Chennai-600034, Tamilnadu, India

Facilities :

Secured Loan	As on 31.03.2013 [Rs. in Millions]	As on 31.03.2012 [Rs. in Millions]
Long Term Borrowings
Rupee term loan from banks	54.300	0.000
Foreign currency term loans from banks	206.250	0.000
Term loans from others	0.000	292.581
Deferred payment liabilities	57.964	56.492
Short Term Borrowings
Working capital loans from banks	245.000	70.000
Other loans and advances, others	173.999	0.000
TOTAL	737.513	419.073

Banking Relations :	--
Auditors :
Name :	Fraser and Ross Chartered Accountants
Address :	ASV N. Ramana Tower, Venkatnarayana Road, T Nagar, Chennai – 600 017, Tamilnadu, India
Tel. No.:	91-44-66885000
Fax No.:	91-44-66885050
PAN No:	AAAFF0644F
Holding Company :	JBM Auto Limited [L74899DL1996PLC083073]
Fellow Subsidiaries :	JBM Ogihara Automotive India Limited [U27100DL2009PLC187584]

CAPITAL STRUCTURE

AS ON 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
25000000	Equity Shares	Rs.10/- each	Rs.250.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
24890000	Equity Shares	Rs.10/- each	Rs.248.900 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	248.900	248.900	248.900
(b) Reserves & Surplus	896.089	719.542	497.779
(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)	1144.989	968.442	746.679
(3) Non-Current Liabilities
(a) long-term borrowings	318.514	349.073	58.187
(b) Deferred tax liabilities (Net)	46.400	15.334	7.289
(c) Other long term liabilities	0.531	0.647	0.506
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	365.445	365.054	65.982
(4) Current Liabilities
(a) Short term borrowings	418.999	70.000	225.000
(b) Trade payables	738.415	505.909	398.812
(c) Other current liabilities	270.800	393.276	215.487
(d) Short-term provisions	2.891	4.238	3.729
Total Current Liabilities (4)	1431.105	973.423	843.028
TOTAL	2941.539	2306.919	1655.689
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	1456.991	820.077	720.208
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	55.018	186.228	25.922
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	100.000	100.000	0.000
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	45.383	71.024	181.544
(e) Other Non-current assets	1.582	0.000	9.410
Total Non-Current Assets	1658.974	1177.329	937.084
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	503.251	443.938	308.635
(c) Trade receivables	578.698	433.832	324.779
(d) Cash and cash equivalents	28.349	22.627	21.301
(e) Short-term loans and advances	172.267	229.193	63.890
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	1282.565	1129.590	718.605
TOTAL	2941.539	2306.919	1655.689

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Turnover	4677.600	3768.000
		Other Income	NA	NA
		TOTAL (A)	NA	NA	2956.000
Less	EXPENSES
		TOTAL (B)	NA	NA	2668.000
Less	PROFIT / (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		NA	NA	288.000
Less	FINANCIAL EXPENSES (D)		NA	NA	6.000
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		NA	NA	282.000
Less/ Add	DEPRECIATION/ AMORTISATION (F)		NA	NA	70.000
	PROFIT / (LOSS) BEFORE TAX (E-F) (G)		NA	NA	212.000
Less	TAX (H)		NA	NA	72.000
	PROFIT / (LOSS) AFTER TAX (G-H) (I)		NA	NA	140.000
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		NA	NA	310.000
	BALANCE CARRIED TO THE B/S		NA	NA	450.000
	EARNINGS IN FOREIGN CURRENCY
		Other Earnings (Design Services)	NA	0.000	0.062
	IMPORTS
		Raw Materials and Components	NA	NA	61.600
		Capital Goods	NA	NA	2.600
		Capital Goods-Projects	NA	NA	22.200
	TOTAL IMPORTS		NA	NA	86.400
	Earnings / (Loss) Per Share (Rs.)		NA	NA	5.65

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	NA	NA	4.74
Return on Total Assets (PBT/Total Assets}	(%)	NA	NA	13.00
Return on Investment (ROI) (PBT/Networth)		NA	NA	0.28
Debt Equity Ratio (Total Debt/Networth)		0.64	0.43	0.38
Current Ratio (Current Asset/Current Liability)		0.90	1.16	0.85

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	No
10]	Designation of contact person	No
11]	Turnover of firm for last three years	Yes
12]	Profitability for one year	Yes
13]	Reasons for variation <> 20%	--
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	No
20]	Export / Import details (if applicable)	No
21]	Market information	--
22]	Litigations that the firm / promoter involved in	--
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	--
26]	Buyer visit details	--
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	PAN of Proprietor/Partner/Director, if available	No
32]	Date of Birth of Proprietor/Partner/Director, if available	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

INDEX OF CHARGES:

S. NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10474192	05/12/2013	270,000,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI - 400013, MAHARASHTRA, INDIA	B94933801
2	10449766	18/09/2013	51,500,000.00	INDUSIND BANK LTD.	DR. GOPAL DAS BUILDING,, 28, BARAKHAMBA ROAD, NEW DELHI - 110001, INDIA	B85283661
3	10359105	13/01/2014 *	108,600,000.00	INDUSIND BANK LTD.	2401 GEN THIMMAYYA ROAD, CONTONMENT, PUNE - 411001, MAHARASHTRA, INDIA	B95384558
4	10320423	21/09/2013 *	300,000,000.00	DBS BANK LTD. (ACTING AS AN SECURITY AGENT)	CAPITOL POINT, BABA KHARAK SINGH MARG, CONNAUGHT PLACE, NEW DELHI, DELHI - 110001, INDIA	B87287504
5	10312842	01/08/2012 *	300,000,000.00	DBS BANK LTD.	UPPER GROUND FLOOR, BIRLA TOWER, 25, BARAKHAMBA ROAD, NEW DELHI- 110001, INDIA	B57451866
6	10171302	06/01/2011 *	225,000,000.00	INDUSIND BANK LTD.	NO.3, VILLAGE ROAD, NUNGAMBAKKAM, CHENNAI - 600034, TAMILNADU, INDIA	B03633526
7	90288703	02/01/2006	7,345,000.00	FORD INDIAN PRIVATE LTD.	S. P. KOIL POST - 603204, CHENGALPATTU TALUK, KANCHEEPURAM, TAMILNADU, INDIA	-
8	90287622	26/11/2005 *	623,686,889.00	FORD INDIA PRIVATA LIMITED	S. P. KOIL POST - 603204, CHENGALPATTU TALUK, KANCHEEPURAM, TAMILNADU, INDIA	-
9	90296501	09/01/2003 *	173,659,845.00	FORD INDIA LIMITED	S. P. KOIL POST - 603204, CHENGALPATTU TALUK, KANCHEEPURAM, TAMILNADU, INDIA	-
* Date of charge modification

FIXED ASSETS:

· Leasehold Land

· Building

· Plant and Machinery

· QC Equipment

· Compressor

· DG Set

· Water Treatment Plant

· SPM’s

· Malt Handling Equipment

· Pipings

· Press Shop Equipments

· Weld Shop Equipments

· Paint Plant

· Tools

· Electrical Installations

· Office Equipment

· Computers

· Furniture and Fixtures

· Vehicles

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No 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 Declration :

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.62.50
UK Pound	1	Rs.101.92
Euro	1	Rs.84.50

INFORMATION DETAILS

Report Prepared by :

TPT

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	6
--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	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
--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.