1. Summary Information

		Country	India
Company Name	DEKI ELECTRONICS LIMITED	Principal Name 1	Mr. Jai Kumar
Status	Satisfactory	Principal Name 2	Mr. Charu Sahni
		Registration #	55-008845
Street Address	132, Somdutt Chambers – 1, Bhikaji Cama Place, New Delhi – 110066, India
Established Date	23.01.1978	SIC Code	--
Telephone#	91-11-26186261 / 26161246 / 26182867	Business Style 1	Manufacturer
Fax #	91-11-26182867	Business Style 2	Exporter
Homepage	www.dekielectronics.com	Product Name 1	Plastic Film Capacitors
# of employees	Not Available s	Product Name 2	Electrical Transformer
Paid up capital	Rs. 9,550,800/-	Product Name 3	Knitted Garments
Shareholders	Directors or relatives of Directors - 82.71% Other top fifty shareholders - 5.81%	Banking	Canara Bank
Public Limited Corp.	No	Business Period	36 Years
IPO	No	International Ins.	-
Public Enterprise	No	Rating	Ba (42)
Related Company
Relation	Country	Company Name	CEO
Company in which KMP / Relatives of KMP can exercise significant influence :	India	RDC Marketing Private Limited	--
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2013		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	197,989,000	Current Liabilities	55,561,000
Inventories	115,714,000	Long-term Liabilities	136,360,000
Fixed Assets	127,606,000	Other Liabilities	16,982,000
Deferred Assets	0,000	Total Liabilities	208,903,000
Invest& other Assets	15,083,000	Retained Earnings	237,938,000
		Net Worth	247,489,000
Total Assets	456,392,000	Total Liab. & Equity	456,392,000
Total Assets (Previous Year)	363,756,000
P/L Statement as of	31.03.2013		(Unit: Indian Rs.)
Sales	664,418,000	Net Profit	29,027,000
Sales(Previous yr)	586,709,000	Net Profit(Prev.yr)	39,277,000

MIRA INFORM REPORT

Report Date :

25.02.2014

IDENTIFICATION DETAILS

Name :	DEKI ELECTRONICS LIMITED (w.e.f. 12.08.1981)
Formerly Known As :	DEKI ELECTRONICS PRIVATE LIMITED
Registered Office :	132, Somdutt Chambers-I, Bhikaji Cama Place, New Delhi – 110066
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	23.01.1978
Com. Reg. No.:	55-008845
Capital Investment / Paid-up Capital :	Rs.9.551 Millions
CIN No.: [Company Identification No.]	U32109DL1978PLC008845
TAN No.: [Tax Deduction & Collection Account No.]	DELD00348F
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer and Exporter of Plastic Film Capacitors.
No. of Employees :	500 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (42)

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

Maximum Credit Limit :	USD 990000
Status :	Satisfactory
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track record. There is a dip in profit of the company in the year 2013. However, liquidity position of the company is sound. Trade relations are reported to be fair. Business is active. Payments are reported to be slow but correct. The company can be considered normal for business dealing 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 worst is over for India’s economy with gross domestic product likely to expand 5 %to 5.5 % this year and more than 6 % in 2015, according to Moody’s Analytics. Concerns over the rupee and current account deficit are under control, said the agency. Ratings firm Crisil has forecast 6 % growth for 2014/15 up from the estimated 4.8 % for 2013/14.  Total economic growth, infrastructure bottlenecks and lack of transparency and consistency in foreign direct investment policies seem to have taken a toll on India’s attractiveness as an investment destination, says an Ernst & Young survey.  Projects with FDI component fell 16.4 % across the globe in 2012 from the previous year.  The drop in India was steeper at 21 %. State run carrier Air India is doling out free tickets to its 24000 employees, even as it expects to incur a loss of Rs 39000 mn this financial year and has a debt of Rs 350000 mn. 550000 number of jobs generated across India in 2013, a fall of 0.4 % as compared to with a year earlier. The National  Capital Region has a one-fourth share in total jobs created, according to a study by industry lobby group Assochem, Banks, real estate, automobile and telecommunications sectors are showing a rise of job creation. $ 805 mn investments by venture capital firms in India during 2013, registering a drop of about 18 % over the previous year. The Information Technology and IT-Enabled  Services Industry retained its status as the favourable venture capital investors in 2013. Pakistan has temporarily banned gold imports for the second time in six months, as it tries to stem smuggling into India. India’s import duty on gold is 10 % and curbs on purchases have dried up legal imports into what used to be the world’s biggest bullion buyers. The World Gold Council puts the amount smuggled into India at upto 200 tonnes in 2013. The Reserve Bank of India has proposed that unclaimed bank deposits estimated to be about Rs 35000 mn be used for education and awareness among depositors.  According to the plan, deposits that have not been claimed for at least 10 years will be transferred to the scheme.

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	Long Term Rating = BBB
Rating Explanation	Moderate degree of safety and moderate credit risk.
Date	14.03.2013

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.

INFORMATION PARTED BY

Name :	Mr. Shafiuddin
Designation :	Account Manager
Contact No.:	91-9810324518
Date :	22.02.2014

LOCATIONS

Registered Office :	132, Somdutt Chambers-I, Bhikaji Cama Place, New Delhi – 110 066, India
Tel. No.:	91-11-26186261 / 26161246 / 26182867
Mobile No.:	91-9810324518 (Mr. Shafiuddin)
Fax No.:	91-11-26182867
E-Mail :	jagdeep@dekielectronics.com secl@dekielectronics.com mktg@dekielectronics.com bali@dekielectronics.com shariq@dekielectronics.com pant@dekielectronics.com shanker@dekielectronics.com secretarial@dekielectronics.com rajeshlal@rajeshlalandco.com
Website :	www.dekielectronics.com
Location :	Owned
Administrative Office / Factory 1 :	B-20, Sector - 58, District – Gautam Budh Nagar, Noida – 201301, Uttar Pradesh, India
Tel. No.:	91-120-2584687 / 88 / 2585457 / 58 / 26161246
Fax No.:	91-120-2585289 / 26182867
E-Mail :	vinod@dekielectronics.com bali@dekielectronics.com
Factory 2 :	D-19, Sector 10, Gautam Budh Nagar, Noida, Uttar Pradesh, India
Tel. No.:	91-120-2584687 / 88
Fax No.:	91-120-2585289
E-Mail :	dekielec@del2.vsnl.net.in

DIRECTORS

As on 30.09.2013

Name :

Mr. Vinod Sharma

Designation :

Managing director

Address :

160 Munirka Enclave, New Delhi – 110067, India

Date of Birth/Age :

20.09.1965

Qualification :

Diploma in Hotel Management Catering Technology administration and Applied Nutrition.

Date of Appointment :

24.10.2012

DIN No.:

00064374

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	U32109DL1978PLC008845	DEKI ELECTRONICS LIMITED	Managing director	24/10/2012	11/08/1992	-	Active	NO
2	U74899DL1967NPL015218	ELCINA ELECTRONIC INDUSTRIES ASSOCIATION OF INDIA	Director	08/09/2005	08/09/2005	-	Active	NO
3	U91990DL2012PTC245118	ELCINA ELECTRONICS MANUFACTURING CLUSTER PRIVATE LIMITED	Director	21/11/2012	21/11/2012	-	Active	NO
4	U93000DL2012NPL246447	ELECTRONICS SECTOR SKILLS COUNCIL OF INDIA	Director	19/12/2012	19/12/2012	-	Active	NO

Name :

Mr. Charu Gupta

Designation :

Director

Address :

405, Block – 3, Silver Estate, Sector – 50, Noida – 201301, Uttar Pradesh, India

Date of Birth/Age :

24.05.1969

Qualification :

Post Graduate from NIIFT

Date of Appointment :

17.08.1999

DIN No.:

00145037

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	U74899DL1995PTC069201	SHRI KRISHNA INVESTMENTS PRIVATE LIMITED	Director	30/05/1995	30/05/1995	-	Active	NO
2	U32109DL1978PLC008845	DEKI ELECTRONICS LIMITED	Director	17/08/1999	17/08/1999	-	Active	NO
3	U74899DL1995PTC069197	DEKI HOUSING PRIVATE LIMITED	Director	28/03/2004	28/03/2004	22/06/2012	Active	NO

Name :

Mr. Jai Kumar

Designation :

Whole-time director

Address :

160 Munirka Enclave, New Delhi – 110067, India

Date of Birth/Age :

05.02.1930

Qualification :

Msc. in Chemistry

Date of Appointment :

31.03.1982

DIN No.:

00253838

Name :

Mr. Promod Chawla

Designation :

Director

Address :

K – 87, Hauz Khas Enclave, New Delhi 110016, India

Date of Birth/Age :

16.04.1941

Qualification :

Post Graduate MBA

Date of Appointment :

18.08.2005

DIN No.:

00646044

Name :

Mr. Ashok Kumar Gupta

Designation :

Nominee director

Address :

18 UPSID Officers Colony, Nawab Ganj, Kanpur – 201301, Uttar Pradesh, India

Date of Birth/Age :

11.05.1956

Date of Appointment :

28.04.1983

DIN No.:

01250708

Name :

Mrs. Ruchika Jaggi

Designation :

Director

Address :

9 Wayfield Lane Cohoes, New York 12047 USA

Date of Birth/Age :

25.12.1962

Date of Appointment :

27.12.2010

DIN No.:

03336623

Name :

Mr. Ranjit Kumar Whig

Designation :

Director

Address :

C-231, Defence Colony, New Delhi – 110024, India

Date of Birth/Age :

29.09.1941

Date of Appointment :

22.02.2011

DIN No.:

03378661

KEY EXECUTIVES

Name :	Mr. Shafiuddin
Designation :	Account Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2013

Names of Shareholders	No. of Shares
Kripa Shankar	500
O.P. Agarwal	16000
Sharad Kumar	100
UPSIDC	109620
Ashok Kumar Gupta	26320
Chandrakant Bhageria	2000
Sunita Bhageria	2000
Vijay Kumar Gupta	8600
Vinod Sharma	16880
Charu Sheel S. Gupta	3000
Usha Gupta	3000
Shakuntla Kr. Kaint	3400
Vimla Agarwal	1600
Jai Mala Agarwal	5000
Jai Kumar	709760
Shilpi Agarwal	1500
Charu Gupta	16000
Ruchika Gupta	15700
Deepika Sharma	14100
Total	955080

As on 30.09.2013

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Directors or relatives of Directors	82.71
Other top fifty shareholders	5.81
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer and Exporter of Plastic Film Capacitors.

Products :

ITC Code	Product Descriptions
85322990	Plastic Film Capacitors

Exports :

Products :

Capacitors

Countries :

• Netherland
• Gulf Countries

Imports :

Products :

Raw Material

Countries :

• China
• Korea
• Japan

Terms :

Selling :

L/C / Cash / Credit

Purchasing :

L/C / Cash / Credit

GENERAL INFORMATION

Suppliers :

• Sunmoon Electronics, Korea
• Nuntek, Korea

Customers :

Wholesalers and Retailers

• Havells Limited

No. of Employees :

500 (Approximately)

Bankers :

• Citibank N.A., Jeevan Bharti Building, 4th Floor, 124 Connaught Circus, Connaught Place, New Delhi – 110001, India
• Canara Bank, South Extension, New Delhi - 110049, India

Facilities :

• TL Rs.35.000 Millions and Working Capital Rs.60.000 Millions (From Citibank)
• Working Capital Rs.72.500 Millions (From Canara Bank)

(Rs. In Millions)

Secured Loan	As on 31.03.2013	As on 31.03.2012
LONG-TERM BORROWINGS
Term loans from banks (Car Loan from Canara Bank secured against hypothecation of Car. Last year term loan was secured against Plant and Machinery. In addition of it also secured against 1st charge over factory land and building at D-9 Sec 10, and B- 20 Sec 58 Noida and all other fixed assets of the company)	20.421	0.518
SHORT-TERM BORROWINGS
Loans repayable on demand (Working capital Loan taken form Canara Bank and Citi Bank which are secured against inventory, receivable, factory land & building situated at D-9, Sec 10, & B-20 Sec 58, Noida and all other fixed assest of the company)	83.474	47.578
Total	103.895	48.096

Banking Relations :	---
Auditors :
Name :	R.K. Lal and Company Chartered Accountants
Address :	B-45, Ansal, Chambers-I, New Delhi – 110066, India
Tel. No.:	91-11-32993977
E-Mail :	rajeshlal_ca@hotmail.com
PAN No.:	AAAFR6990E
Company in which KMP / Relatives of KMP can exercise significant influence : (As on 31.03.2012)	RDC Marketing Private Limited

CAPITAL STRUCTURE

As on 30.09.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
3000000	Equity Shares	Rs.10/- each	Rs.30.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
955080	Equity Shares	Rs.10/- each	Rs.9.551 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	9.551
(b) Reserves & Surplus	237.938
(c) Money received against share warrants	0.000
(2) Share Application money pending allotment	0.000
Total Shareholders’ Funds (1) + (2)	247.489
(3) Non-Current Liabilities
(a) long-term borrowings	44.075
(b) Deferred tax liabilities (Net)	2.455
(c) Other long term liabilities	0.000
(d) long-term provisions	5.577
Total Non-current Liabilities (3)	52.107
(4) Current Liabilities
(a) Short term borrowings	92.285
(b) Trade payables	27.814
(c) Other current liabilities	27.747
(d) Short-term provisions	8.950
Total Current Liabilities (4)	156.796
TOTAL	456.392
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	127.606
(ii) Intangible Assets	0.000
(iii) Capital work-in-progress	15.083
(iv) Intangible assets under development	0.000
(b) Non-current Investments	0.000
(c) Deferred tax assets (net)	0.000
(d) Long-term Loan and Advances	3.388
(e) Other Non-current assets	0.000
Total Non-Current Assets	146.077
(2) Current assets
(a) Current investments	0.000
(b) Inventories	115.714
(c) Trade receivables	131.402
(d) Cash and cash equivalents	28.879
(e) Short-term loans and advances	32.318
(f) Other current assets	2.002
Total Current Assets	310.315
TOTAL	456.392

SOURCES OF FUNDS		31.03.2012	31.03.2011
SHAREHOLDERS FUNDS
1] Share Capital		9.551	9.551
2] Share Application Money		0.000	0.000
3] Reserves & Surplus		211.145	174.088
4] (Accumulated Losses)		0.000	0.000
NETWORTH		220.696	183.639
LOAN FUNDS
1] Secured Loans		48.094	34.679
2] Unsecured Loans		24.151	26.665
TOTAL BORROWING		72.245	61.344
DEFERRED TAX LIABILITIES		0.000	0.000
TOTAL		292.941	244.983
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		79.131	84.337
Capital work-in-progress		10.092	0.000
INVESTMENT		0.000	0.000
DEFERREX TAX ASSETS		3.775	2.557
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	119.866	77.585
	Sundry Debtors	108.162	88.964
	Cash & Bank Balances	3.559	10.849
	Other Current Assets	6.695	0.000
	Loans & Advances	32.476	44.463
Total Current Assets		270.758	221.861
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	44.332	19.858
	Other Current Liabilities	14.290	9.495
	Provisions	12.193	34.457
Total Current Liabilities		70.815	63.810
Net Current Assets		199.943	158.051
MISCELLANEOUS EXPENSES		0.000	0.038
TOTAL		292.941	244.983

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Revenue from Operations	664.418	586.709	532.812
		Other Income	0.619	0.494	6.978
		TOTAL (A)	665.037	587.203	539.790
Less	EXPENSES
		Cost of materials consumed	423.056	386.931	--
		Manufacturing Expenses	--	--	364.686
		Purchases of stock-in-trade	3.288	6.877	--
		Personnel Cost	--	--	76.332
		Changes in inventories of finished goods, work-in progress and stock-in-trade	2.596	(32.984)	--
		Administrative Expenses	--	--	14.655
		Employee benefits expense	97.337	88.065	--
		Marketing and Sales Expenses	--	--	2.477
		Other expenses	66.336	63.507	--
		Increase / Decrease in Stocks	--	--	(13.600)
		TOTAL (B)	592.613	512.396	444.550
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		72.424	74.807	95.240
Less	FINANCIAL EXPENSES (D)		12.355	10.430	9.880
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		60.069	64.377	85.360
Less/ Add	DEPRECIATION/ AMORTISATION (F)		15.993	13.593	15.211
	PROFIT BEFORE TAX (E-F) (G)		44.076	50.784	70.149
Less	TAX (H)		15.049	11.507	23.525
	PROFIT AFTER TAX (G-H) (I)		29.027	39.277	46.624
	Adjustment Relating to Previous year		0.000	0.000	(0.596)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		172.292	138.181	96.682
Less	APPROPRIATIONS
		Transfer to General Reserve	2.177	2.946	2.302
		Proposed Dividend @20%	1.910	1.910	1.910
		Tax on Dividend @ 16.995%	--	--	0.317
		Corporate Dividend Tax	0.325	0.310	--
	BALANCE CARRIED TO THE B/S		196.907	172.292	138.181
	EARNINGS IN FOREIGN CURRENCY		41.821	42.171	31.543
	IMPORTS
		Raw Material Capacitors	233.818	206.040	159.321
		Semi finished Capacitors	160.307	186.811	157.581
		PCS, ESS etc.	10.291	6.876	6.748
		Store & Spare	4.684	5.508	4.316
		Machines	51.233	2.232	5.039
	TOTAL IMPORTS		460.333	407.467	333.005
	Earnings Per Share (Rs.)		30.00	41.00	48.81

Expected Sales (2013-14) : Rs.800.000 Millions

The above information has been parted by Mr. Shafiuddin

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	4.36	6.69	8.64
Net Profit Margin (PBT/Sales)	(%)	6.63	8.66	13.17
Return on Total Assets (PBT/Total Assets}	(%)	9.99	14.51	22.91
Return on Investment (ROI) (PBT/Networth)		0.18	0.23	0.38
Debt Equity Ratio (Total Debt /Networth)		92.46	0.33	0.33
Current Ratio (Current Asset/Current Liability)		1.98	3.82	3.48

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	532.812	586.709	664.418
		10.116	13.245

NET PROFIT MARGIN

Net Profit Margin	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	532.812	586.709	664.418
Profit	46.624	39.277	29.027
	8.75%	6.69%	4.37%

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	Yes
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

UNSECURED LOAN

Rs. In Millions

Particular	As on 31.03.2013	As on 31.03.2012
LONG-TERM BORROWINGS
Deposits	7.780	8.775
Deposits from related parties	13.754	13.303
Interest accrued on above deposits	2.120	1.389
SHORT-TERM BORROWINGS
Deposits from related parties	5.477	1.879
Deposits from other parties	3.334	1.451
Total	32.465	26.797

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10347993	21/03/2013 *	60,000,000.00	CITIBANK N.A	JEEVAN BHARTI BUILDING, 4TH FLOOR, 124 CONNAUGHT  CIRCUS, CONNAUGHT PLACE, NEW DELHI, DELHI - 110001, INDIA	B72531114
2	10347988	02/04/2012	55,000,000.00	CITIBANK N.A	JEEVAN BHARTI BUILDING, 4TH FLOOR, 124 CONNAUGHT  CIRCUS, CONNAUGHT PLACE, NEW DELHI, DELHI - 110001, INDIA	B37066222
3	10179908	29/09/2009	1,700,000.00	CANARA BANK	SOUTH EXTENSION, NEW DELHI, DELHI - 110049, INDIA	A71392740
4	10024834	08/11/2006	400,000.00	CANARA BANK	SOUTH EXTENSION, NEW DELHI, DELHI - 110049, INDIA	A06210413
5	90052501	22/11/2000 *	1,200,000.00	CANARA BANK	SOUTH EXTENSION, NEW DELHI, DELHI - 110049, INDIA	-
6	90052209	06/12/1992 *	200,000.00	CANARA BANK	SOUTH EXTENSION, NEW DELHI, DELHI - 110049, INDIA	-
7	90052075	24/03/1986	57,500.00	UTTAR PRADESH FINANCIAL CORPORATION	14/88, CIVIL LINES, KANPUR, UTTAR PRADESH, INDIA	-
8	90051962	26/06/2013 *	86,000,000.00	CANARA BANK	G-25, SOUTH EXTENTION PART-1, NEW DELHI, DELHI - 110049, INDIA	B81989964
9	90051925	22/03/1982	3,350,000.00	THE PRADESHIYA IDUSTRIAL and INVESTMENT CORPN. OF U.  PRIVATE LIMITED	2ND/3RD FLOOR, JAWAHAR BHAWAN; ANNEXE ASHOK MARG,  LUCKNOW, UTTAR PRADESH, INDIA	-

* Date of charge modification

TRADE REFERENCES

• Sunmoon Electronics, Korea
• Nuntek, Korea
• Havells Limited

FIXED ASSETS

• Leasehold Land
• Building
• Plant and Machinery
• Electric Installation
• Machinery
• Machinery Accessories
• Tools and Equipments
• Air Conditioners
• Typewriter
• D G Set
• Coolers
• Fans
• Fire Fighting
• Vehicles
• Cycles
• Furniture and Fixtures
• Computers

CMT REPORT (Corruption, Money Laundering & Terrorism]

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

1] INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a 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.62.12
UK Pound	1	Rs.103.38
Euro	1	Rs.85.32

INFORMATION DETAILS

Information Gathered by :	HNA
Report Prepared by :	NTH

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	4
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	4
--RESERVES	1~10	5
--CREDIT LINES	1~10	4
--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		42

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	--