1. Summary Information

		Country	India
Company Name	CONTINENTAL INDIA LIMITED	Principal Name 1	Mr. Alok Kumar Modi
Status	Moderate	Principal Name 2	Mr. Peter Maria Fidelius Cornelis Verbruggen
		Registration #	55-153993
Street Address	Copia Corporate Suites, 106, Building No. 9, DDA Jasola District Centre, New Delhi – 110025, Delhi
Established Date	16.09.2006	SIC Code	--
Telephone#	91-11-43744600	Business Style 1	Manufacturer
Fax #	91-11-43744667	Business Style 2
Homepage	sthakur@mtcpl.in	Product Name 1	Tyres
# of employees	Not Divulged	Product Name 2	Tubes
Paid up capital	Rs.3,262,699,530/-	Product Name 3	Flaps
Shareholders	Bodies corporate 100%	Banking	Yes Bank Limited
Public Limited Corp.	No	Business Period	9 Years
IPO	No	International Ins.	CEO
Public Enterprise	No	Rating	B (28)
Related Company
Relation	Country	Company Name	CEO
Fellow Subsidiary	India	Spin Investment India Limited
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2013		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	1,661,372,000	Current Liabilities	2,569,637,000
Inventories	1,347,152,000	Long-term Liabilities	1,188,144,000
Fixed Assets	415,898,000	Other Liabilities	137,190,000
Deferred Assets	0,000	Total Liabilities	3,894,971,000
Invest& other Assets	2,902,433,000	Retained Earnings	610,185,000
		Net Worth	2,431,884,000
Total Assets	6,326,855,000	Total Liab. & Equity	6,326,855,000
Total Assets (Previous Year)	3,040,677,000
P/L Statement as of	31.03.2013		(Unit: Indian Rs.)
Sales	6,586,975,000	Net Profit / (Loss)	(1,227,365,000)
Sales(Previous yr)	4,782,912,000	Net Profit / (Loss) (Prev.yr)	(1,201,975,000)

MIRA INFORM REPORT

Report Date :

03.07.2014

IDENTIFICATION DETAILS

Name :	CONTINENTAL INDIA LIMITED (w.e.f.23.09.2011)
Formerly Known As :	MODI TYRES COMPANY LIMITED (w.e.f.12.03.2011) MODI TYRES COMPANY PRIVATE LIMITED (w.e.f.23.06.2007) ZENITH TYRES PRIVATE LIMITED
Registered Office :	Copia Corporate Suites, 106, Building No. 9, DDA Jasola District Centre, New Delhi – 110025, Delhi
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	16.09.2006
Com. Reg. No.:	55-153993
Capital Investment / Paid-up Capital :	Rs. 3626.699 Millions
CIN No.: [Company Identification No.]	U25203DL2006PLC153993
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Subject is engaged in the business of manufacturing tyres and related components for heavy vehicles
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

B (28)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 9728000
Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. Company has incurred huge loss from its operation in the year 2013. However, trade relations are fair. Business is active. Payment terms are slow. The company can be considered for business dealing with some caution.

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 – March 31, 2014

Country Name	Previous Rating (31.12.2013)	Current Rating (31.03.2014)
India	A1	A1

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

INDIAN ECONOMIC OVERVIEW

N E W S

The economy grew 4.7 %in 2013/14, marking a second straight year of sub-5 % growth – the worst slowdown in more than a quarter of a century. The data was below an official estimate of 4.9 % annual growth and compared with 4.5 % in the last fiscal year. However, the current account deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic product, in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year before.A sharp fall in gold imports due to restrictions on overseas purchases and muted import of capital goods helped shrink the current account deficit.

Online retailer Flipkart has acquired fashion portal Myntra as it prepares to battle with the rapidly expanding India arm of the global e-commerce giant Amazon. The company raised $ 210 million from Russian Investment firm DST Global which has also invested in companies like Facebook, Twitter and Alibaba Group.

General Motors will start exporting vehicles from its Talegaon plant near Pune in the second half of 2014. GM was one of the few global carmakers that was using its India plant only for the domestic market.

Google has overtaken Apple as the world’s top brand in terms of value, according to global market research agency Millward Brown. Google’s brand value shot up 40 % in a year to $ 158.84 billion. The top 10 of the 100 slots were dominated by US companies.

Infosys lost another heavy weight when B G Srinivas, a board member put in his papers. He is the third CEO-hopeful to quit after Chairman N R Narayana Murthy’s return to the company – Ashok Vemuri and V Balakrishnan being the other two.While Vemuri went on to lead IGate, Balakrishnan joined politics.

Naresh Goyal – promoted Jet Airways posted biggest quarterly loss – Rs 2153.37 crore – in the three months ended March 31, mainly because it has been offering discounts to passengers to fill planes.

William S Pinckney – Chairman and CEO of Amway India was arrested by the Andhra Pradesh Police in connection with a complaint against the direct selling firm. This is the second time that he has been taken into custody. A year, ago the Kerala Police had arrested Pinckney and two company directors on charges of financial irregularities.

China has told its state-owned enterprises to sever links with American consulting firms after the United States charged five Chinese military officers with hacking US companies. China’s action which targets consultancies like McKinsey & Co. and the Boston Consulting Group, sterns from fears that the first are providing trade secrets to the US governments.

India has emerged as a country with some of the highest unregistered businesses in the world. Indonesia has the maximum number of shadow businesses, says a study of 68 countries by Imperial College Business School in London.

Pfizer has abandoned its attempt to buy AstraZeneca for nearly $ 118 billion after the latter refused an offer of 55 pounds a share.

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 DENEID BY

Name :	Mr. Vaibhav Agarwal
Designation :	Account Executive
Contact No.:	91-11-43744600
Date :	01.07.2014

LOCATIONS

Registered Office :	Copia Corporate Suites, 106, Building No. 9, DDA Jasola District Centre, New Delhi – 110025, Delhi
Tel. No.:	91-11-43744600
Fax No.:	91-11-43744667
E-Mail :	saroj.kumar-thakur@contl.in
Website :	sthakur@mtcpl.in
Factory :	7^th Milestone, Meerut-Roorkee Road, Modipuram, Meerut-250110, Uttar Pradesh, India
Plants :	NH – 58, Modipuram, Meerut – 250110, Uttar Pradesh, India Ved Vyaspuri, Industrial Area –II, Partapur, Meerut, Uttar Pradesh, India

DIRECTORS

As on: 25.11.2013

Name :

Mr. Stefan Friedel Schwass

Designation :

Managing Director

Address :

A – 87, Defense Colony, 2nd Floor, New Delhi – 110024, India

Date of Birth/Age :

01.11.1961

Date of Appointment :

25.09.2013

DIN No.:

06403095

Name :

Mr. Alok Kumar Modi

Designation :

Director

Address :

55-A, Friends Colony East, New Delhi – 110025, India

Date of Birth/Age :

18.06.1966

Date of Appointment :

15.07.2011

DIN No.:

00174374

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	U74999MH1989FLC050332	MAN DIESEL & TURBO INDIA LIMITED	Director	10/07/1989	10/07/1989	03/04/2012	Active	NO
2	U17110GJ1990PLC013397	GUJARAT GUARDIAN LIMITED	Managing director	25/05/2012	21/02/1990	-	Active	NO
3	U24100GJ1994PTC023655	GUJARAT ACRYLICS PRIVATE LIMITED	Director	24/11/1994	24/11/1994	23/01/2009	Strike off	NO
4	U40101DL1995PLC070750	ELECTRIC SUPPLY CO. (I) LIMITED	Director	13/07/1995	13/07/1995	28/12/2001	Strike off	NO
5	U80211DL1997PTC084659	MODI EDUTECH PRIVATE LIMITED	Director	24/01/1997	24/01/1997	21/07/2009	Active	NO
6	U74899DL1983PTC017023	LOMBARD STREET (ESTATES) PRIVATE LIMITED	Director	09/09/1998	09/09/1998	30/09/2009	Active	NO
7	U91110DL1998PLC097217	INDIAN GLASS MANUFACTURERS' ASSOCIATION	Director	26/11/1998	26/11/1998	-	Active	NO
8	U93090DL1998NPL097629	YPO (DELHI CHAPTER) U/S25	Director	13/11/2004	13/11/2004	30/06/2012	Active	NO
9	U25203DL2006PLC153993	CONTINENTAL INDIA LIMITED	Director	15/07/2011	16/09/2006	-	Active	NO
10	U74899DL1994PTC061041	COMECON AVIATION PRIVATE LIMITED	Director	01/06/2007	01/06/2007	14/08/2010	Active	NO
11	L25199UP1971PLC003392	MODI RUBBER LIMITED	Managing director	31/10/2011	14/06/2008	-	Active	NO
12	U80302DL2004PTC126788	MAPLE BEAR EDUCATION PRIVATE LIMITED	Director	28/09/2012	27/09/2011	-	Active	NO
13	U24233GJ2012PTC072830	ASAHI MODI MATERIALS PRIVATE LIMITED	Director	17/10/2013	25/02/2013	-	Active	NO

Name :

Mr. Peter Maria Fidelius Cornelis Verbruggen

Designation :

Director

Address :

Hoefaartseweg 5, 3690 Zutendaal, Belgium

Date of Birth/Age :

22.04.1960

Date of Appointment :

29.09.2011

DIN No.:

01730049

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	U74900HR2008PTC037519	Continental Automotive Brake Systems (I) Private Limited	Nominee director	03/01/2008	03/01/2008	23/02/2010	Active	NO
2	U29130TN2007PLC064471	AUTOMOTIVE INFOTRONICS LIMITED	Director	30/09/2008	21/06/2008	24/03/2010	Under liquidation	NO
3	U72900KA2007PTC043146	Continental Automotive Components (India) Private Limited	Additional director	02/11/2009	02/11/2009	31/12/2009	Active	NO
4	U25203DL2006PLC153993	Continental India Limited	Director	29/09/2011	15/07/2011	-	Active	NO

Name :

Mr. Benoit Henri Ghislain Marie Henry

Designation :

Director

Address :

8, Seri Beringin, Jalan Seri, Beringin – 3, Bukit Damansara, Kualalumpur – 50490, Malyasia

Date of Birth/Age :

17.11.1961

Date of Appointment :

29.09.2011

DIN No.:

03534144

Name :

Mr. Nikolai Setzer

Designation :

Director

Address :

Hinter Der Gartnerei 14, 31515, Wunstorf OT Kolenfeld, Wunstrof

Date of Birth/Age :

20.04.1971

Date of Appointment :

29.09.2011

DIN No.:

03552400

Name :

Mr. Burkhardt Koeller

Designation :

Additional Director

Address :

Sperlingsweg 24 ST Berenbostel Garbsen – 30827

Date of Birth/Age :

26.12.1951

Date of Appointment :

11.03.2013

DIN No.:

05215542

Name :

Mr. Claude Alex D'gama Rose

Designation :

Director

Address :

Flat no. 111, The Embassy No. 15, Ali Askar Road, Bangalore – 560052, Karnataka, India

Date of Birth/Age :

29.10.1956

Date of Appointment :

25.09.2013

DIN No.:

01494440

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	U72900KA2007PTC043146	Continental Automotive Components (India) Private Limited	Managing director	01/01/2010	15/06/2007	-	Active	NO
2	U29130TN2007PLC064471	AUTOMOTIVE INFOTRONICS LIMITED	Director	17/08/2007	17/08/2007	16/11/2007	Under liquidation	NO
3	U74900HR2008PTC037519	Continental Automotive Brake Systems (I) Private Limited	Alternate director	25/11/2011	29/04/2008	-	Active	NO
4	U34200HR2007FTC037177	CONTINENTAL AUTOMOTIVE INDIA PRIVATE LIMITED	Director	29/06/2010	02/11/2009	-	Active	NO
5	U25203DL2006PLC153993	Continental India Limited	Director	25/09/2013	15/07/2011	-	Active	NO

Name :

Mr. Vivek Devgun

Designation :

Alternate Director

Address :

M -75 – A, Block – M, Malviya Nagar, Delhi – 110017, India

Date of Birth/Age :

13.01.1969

Date of Appointment :

26.11.2013

DIN No.:

06487909

Name :

Mr. Bernd Guenther

Designation :

Alternate Director

Address :

Frielinger Street, 20b, St. Horst, Garbsen -30826, Germany

Date of Birth/Age :

02.09.1956

Date of Appointment :

26.11.2013

DIN No.:

06619274

KEY EXECUTIVES

Name :	Mr. Saroj Kumar Thakur
Designation :	Secretary
Address :	House No -1082, Sector – 3, Ballabgarh, Faridabad – 121004, Haryana, India
Date of Birth/Age :	04.06.1984
Date of Appointment :	20.01.2010
PAN No.:	AIXPT2670A

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 25.11.2013

Names of Shareholders	No. of Shares	% of Holding
Continental Aktiengeesllschaft, Germany	1	0.00
Continental Reifen Deutschland Gmbh, Germany	1	0.00
Continental Caoutchouc –Export GmbH, Germany	1	0.00
Cas –One Holdinggehsellchaft mbH, Germany	1	0.00
Conti Tech Universe Verwaltungs –Gmbh, Germany	1	0.00
CGH Holdings B.V ,Netherlands	1	0.00
Continental Global Holdings Neitherland, Netherlands	362669947	100.00
Total	362669953	100.00

Equity Share Break up (Percentage of Total Equity)

As on: 25.11.2013

Category	Percentage
Bodies corporate	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged in the business of manufacturing tyres and related components for heavy vehicles

Products :

PRODUCT DESCRIPTION	ITEM CODE NUMBER
Tyres	3000
Tubes	3000
Flaps	3000

GENERAL INFORMATION

No. of Employees :

Not Divulged

Bankers :

• Yes Bank Limited, 9th Floor, Nehru Centre, Discovery of India, Dr. Annie Beasnt Road, Worli, Mumbai – 400018, Maharashtra, India
• Citi Bank
• Deutsche Bank

Facilities :

Secured Loan	Rs. In Millions 31.03.2012
Working capital loans banks secured	847.144
Total	847.144

Banking Relations :	--
Auditors :
Statutory Auditors:	B S R and Company Chartered Accountants
Address :	Building No. 10, 8th Floor, Tower – B, DLF Cyber City, Phase – IInd, Gurgaon, Haryana – 122 002, India
PAN No.:	AAIFB0630K
Cost Auditors:	Shome and Banerjee, New Delhi, India
Internal Auditors:	Pra and Company, New Delhi
Ultimate Holding Company :	Continental Aktiengesellschaft, Netherlands
Associates/Subsidiaries :	Spin Investment India Limited CIN No.:- U74899dl1982plc013733 Continental Tyre Technology Centre, Malaysia Continental Tires (Shanghai) Company Limited, China Continental Tire The Americas, United States Continental Sime Tyre PJ Sdn Bhd, Malaysia Continental Sime Tyre AS Sdn Bhd, Malaysia Continental Reifen Deutschland Gmbh, Germany Continental Matador Rubber, Czech Republic Continental Mabor Industria, France Continental France SNC, France Continental do Brasil, Brazil Continental Automotive Products S.R.L. Continental Automotive Components (India) Private Limited, India Barum Continetal, Spol. S.R.O., Czech Republic

CAPITAL STRUCTURE

As on: 25.11.2013

Authorized Capital:

No. of Shares	Type	Value	Amount
550000000	Equity Shares	Rs.10/- each	Rs. 5500.000 Millions

Issued, Subscribed & Paid-up Capital:

No. of Shares	Type	Value	Amount
362669953	Equity Shares	Rs.10/- each	Rs. 3626.699 Millions

As on: 31.03.2013

Authorized Capital:

No. of Shares	Type	Value	Amount
350000000	Equity Shares	Rs.10/- each	Rs. 3500.000 Millions

Issued, Subscribed & Paid-up Capital:

No. of Shares	Type	Value	Amount
182169953	Equity Shares	Rs.10/- each	Rs. 1821.699 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	1821.699
(b) Reserves & Surplus	610.185
(c) Money received against share warrants	0.000
(2) Share Application money pending allotment	0.000
Total Shareholders’ Funds (1) + (2)	2431.884
(3) Non-Current Liabilities
(a) long-term borrowings	0.000
(b) Deferred tax liabilities (Net)	0.000
(c) Other long term liabilities	1035.997
(d) long-term provisions	137.190
Total Non-current Liabilities (3)	1173.187
(4) Current Liabilities
(a) Short term borrowings	1188.144
(b) Trade payables	1474.362
(c) Other current liabilities	59.278
(d) Short-term provisions	0.000
Total Current Liabilities (4)	2721.784
TOTAL	6326.855
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	401.413
(ii) Intangible Assets	14.485
(iii) Capital work-in-progress	2902.433
(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	259.458
(e) Other Non-current assets	0.000
Total Non-Current Assets	3577.789
(2) Current assets
(a) Current investments	0.000
(b) Inventories	1347.152
(c) Trade receivables	700.856
(d) Cash and cash equivalents	133.576
(e) Short-term loans and advances	553.555
(f) Other current assets	13.927
Total Current Assets	2749.066
TOTAL	6326.855

SOURCES OF FUNDS		31.03.2012	31.03.2011
SHAREHOLDERS FUNDS
1] Share Capital		1819.942	560.466
2] Share Application Money		0.000	0.000
3] Reserves & Surplus		(1648.242)	0.000
4] (Accumulated Losses)		0.000	(1830.617)
NETWORTH		171.700	(1270.151)
LOAN FUNDS
1] Secured Loans		847.144	1482.952
2] Unsecured Loans		0.000	180.520
TOTAL BORROWING		847.144	1663.472
DEFERRED TAX LIABILITIES		0.000	0.000
TOTAL		1018.844	393.321
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		466.588	536.519
Capital work-in-progress		5.412	0.287
INVESTMENT		0.000	0.000
DEFERREX TAX ASSETS		0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	1310.142	621.888
	Sundry Debtors	721.097	499.120
	Cash & Bank Balances	29.912	15.776
	Other Current Assets	21.172	68.371
	Loans & Advances	486.354	133.204
Total Current Assets		2568.677	1338.359
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	579.313	390.369
	Other Current Liabilities	1212.275	935.817
	Provisions	230.245	155.658
Total Current Liabilities		2021.833	1481.844
Net Current Assets		546.844	(143.485)
MISCELLANEOUS EXPENSES		0.000	0.000
TOTAL		1018.844	393.321

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	6586.975	4782.912	6149.683
		Other Income	19.563	2.568	32.003
		TOTAL (A)	6606.538	4785.480	6181.686
Less	EXPENSES
		Cost of Material Consumed	4242.866	4080.525	5442.550
		Purchases of Stock in Trade	417.542	122.375	647.116
		Employee related expenses	703.695	498.363	443.348
		Other Expenses	2020.656	1395.167	659.853
		Changes in inventories of finished goods, work-in-progress and stock-in-trade	142.145	(449.699)	0.000
		Exceptional Items	0.000	(26.070)	0.000
		TOTAL (B)	7526.904	5620.661	7192.867
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		(920.366)	(835.181)	(1011.181)
Less	FINANCIAL EXPENSES (D)		227.620	290.920	383.401
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		(1147.986)	(1126.101)	(1394.582)
Less/ Add	DEPRECIATION/ AMORTISATION (F)		79.379	75.874	73.554
	PROFIT /LOSS BEFORE TAX (E-F) (G)		(1227.365)	(1201.975)	(1468.136)
Less	TAX (H)		0.000	0.000	0.000
	PROFIT /LOSS AFTER TAX (G-H) (I)		(1227.365)	(1201.975)	(1468.136)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		(3032.593)	(1830.618)	(362.482)
	BALANCE CARRIED TO THE B/S		(4259.958)	(3032.593)	(1830.618)
	Earnings Per Share (Rs.)		(64.67)	(10.07)	(26.19)

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	(18.58)	(25.12)	(23.75)
Net Profit Margin (PBT/Sales)	(%)	(18.63)	(25.13)	(23.87)
Return on Total Assets (PBT/Total Assets}	(%)	(35.84)	(39.60)	78.31
Return on Investment (ROI) (PBT/Networth)		(0.50)	(7.00)	(2.62)
Debt Equity Ratio (Total Debt/Networth)		0.49	4.93	(1.31)
Current Ratio (Current Asset/Current Liability)		1.01	1.27	0.90

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	6149.683	4782.912	6586.975
		(22.225)	37.719

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	6149.683	4782.912	6586.975
Profit	(1468.136)	(1201.975)	(1227.365)
	(23.87%)	(25.13%)	(18.63%)

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	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]	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

Note: The Registered Office of the company has been Shifted From 1012 -1015, 10^th Floor, Devika Towers, 6, Nehru Place, New Delhi -110019, India to the present address w.e.f. 24.03.2014.

WORKING RESULTS AND PERFOMANCE OF THE COMPANY

During the year, the Company has recorded domestic sales of Rs. 7052.482 Millions as compared to Rs. 4916.919 Millions in the previous and export sales of Rs. 224.174 Millions as compared to Rs. 300.561 Millions in the previous year. Further, the Company has reported a Loss after tax of Rs. 1227.365 Millions as compared of Rs. 1201.975 Millions in the previous year. The loss after tax for the year has been written off from the amount lying in the Reconstruction Reserve Account in accordance with the Scheme of Arrangement duly approved by the Honorable High Court of Delhi vide its order dated 13.03.2013. With increasing market competition in the tyre industry, strong marketing network, innovations and creativity in the research and development, wide product folio, strong customer relationship are the various key factors in achieving success. These key factors and your company’s drive towards quality enhancement services through new offerings and tyre care shall help in improving the Company performance in the coming fiscal. The Company is also witnessing fierce competition from global and domestic market resultantly building pressure on the Company margins. The radialisation project has been completed and the Company started the production of radial tyres. The Company has a firm belief that radial tyres would strengthen the performance of the Company in the coming fiscal year.

INDEX OF CHARGES:

No Charges Exist for Company

FIXED ASSETS

• Software License
• Freehold Land
• Building
• Plant and Machinery
• Furniture and Fixtures
• Office Equipments
• 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 judgment 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.59.97
UK Pound	1	Rs.102.90
Euro	1	Rs.82.02

INFORMATION DETAILS

Information Gathered by :	PLK
Analysis Done by :	SUM
Report Prepared by :	JAY

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--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
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		28

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.