MIRA INFORM REPORT

Report Date :

08.07.2014

IDENTIFICATION DETAILS

Name :	SARVO TECHNOLOGIES LIMITED
Formerly Known As :	SARVOTTAM PUMPS LIMITED (w.e.f. 09.04.2012)
Registered Office :	Plot No:316/ 317, Sector-24, Faridabad-121005, Haryana
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	16.09.1991
Com. Reg. No.:	05- 031407
Capital Investment / Paid-up Capital :	Rs. 23.515 Millions
CIN No.: [Company Identification No.]	U29120HR1991PLC031407
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer and Exporter of water pumps and water treatment plants.
No. of Employees :	100 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (45)

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

Maximum Credit Limit :	USD 230000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track record. General financial position of the company is normal and acceptable for business dealing. Trade relations are reported as fair. Business is active. Payments terms are reported to be usually correct. The company can be considered normal for business 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 – 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 wih 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 PARTED BY

Name :	Mr. Pawan Gulathi
Designation :	Accounts Executive
Contact No.:	91-129-4022333
Date :	01.07.2014

LOCATIONS

Registered Office :	Plot No:316, Sector-24, Faridabad-121005, Haryana, India
Tel. No.:	91-129-4022333
Mobile No.:	Not Available
Fax No.:	91-129-4025352
E-Mail :	pawan@sarvo.com
Website :	http://wwwpawan@sarvo.com
Area :	Owned
Factory :	Plot No:316/ 317, Sector-24, Faridabad-121005, Haryana, India
Tel. No.:	Not Available

DIRECTORS

As on 30.09.2013

Name :

Mr. Sanjay Kumar Jain

Designation :

Director

Address :

House no: 1443, Sector-14, Faridabad-121007, Haryana, India

Date of Birth/Age :

13.03.1948

Date of Appointment :

01.04.2002

DIN No.:

00061401

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	U74999HR1989PTC030515	MICRONICS INSTRUMENTS PVT LTD	Director	27/03/1989	27/03/1989	-	Active	NO
2	U34300HR1993PTC031897	TECHNO SPRINGS INDIA PVT LTD	Director	18/01/1993	18/01/1993	-	Active	NO
3	U74899HR1995PLC038416	SHINE GUARD (INDIA) LIMITED	Director	03/04/1995	03/04/1995	-	Active	NO
4	U18204DL1983PTC185012	A. E. FASHIONS PRIVATE LIMITED	Director	01/01/1996	01/01/1996	21/09/2007	Active	NO
5	U74999HR1988PTC030385	SCIENTIFIC KNITS PROCESSORS PRIVATE LIMITED	Director	25/01/1999	25/01/1999	22/12/2006	Active	NO
6	U29120HR1991PLC031407	SARVO TECHNOLOGIES LIMITED	Director	01/04/2002	01/04/2002	-	Active	NO
7	U45201DL2005PTC135974	ANANDA PROJECTS PRIVATE LIMITED	Director	07/11/2005	07/11/2005	30/09/2011	Active	NO
8	U74899HR2005PTC035958	Divyam Exim Private Limited	Director	13/12/2005	13/12/2005	-	Active	NO
9	U34300HR2006PLC036369	INDO AUTOTECH LTD.	Whole-time director	01/05/2007	15/09/2006	-	Active	NO
10	U52190DL2001PLC110580	MAGPPIE INTERNATIONAL LIMITED	Director	29/09/2007	02/04/2007	-	Active	NO
11	U70109HP2010PTC031312	ANANDA VEDIC PROJECTS PRIVATE LIMITED	Director	15/04/2010	15/04/2010	-	Active	NO
12	U70109HP2010PTC031313	MANON VEDIC VALLEY PROJECTS PRIVATE LIMITED	Director	15/04/2010	15/04/2010	-	Active	NO
13	U70109HP2011PTC031533	KHAJRETH HILLS PROJECT PRIVATE LIMITED	Director	12/01/2011	12/01/2011	-	Active	NO
14	U70109HP2011PTC031545	DHARAMPUR VEDIC VALLEY PROJECT PRIVATE LIMITED	Director	19/01/2011	19/01/2011	-	Active	NO
15	U70109HP2011PTC031548	JANGESHU HILLS SIDE PROJECT PRIVATE LIMITED	Director	21/01/2011	21/01/2011	-	Active	NO
16	U70109HP2011PTC031557	MASHOBRA HILLS SIDE PROJECTS PRIVATE LIMITED	Director	07/02/2011	07/02/2011	-	Active	NO
17	U34300HR1993PLC031927	ADMACH AUTO INDIA LIMITED	Director	11/04/2011	11/04/2011	-	Active	NO
18	U70109HP2011PTC031643	SANAWAR HILLS PROJECTS PRIVATE LIMITED	Director	13/05/2011	13/05/2011	-	Active	NO

Name :

Mr. Satish Dev Jain

Designation :

Managing Director

Address :

House no: 1443, Sector-14, Faridabad-121007, Haryana, India

Date of Birth/Age :

05.06.1972

Date of Appointment :

02.04.2001

DIN No.:

00110033

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	U74899HR1995PLC038416	SHINE GUARD (INDIA) LIMITED	Whole-time director	27/08/2007	24/03/1998	-	Active	NO
2	U29120HR1991PLC031407	SARVO TECHNOLOGIES LIMITED	Managing director	27/08/2007	02/04/2001	-	Active	NO
3	U74899HR2005PTC035958	Divyam Exim Private Limited	Director	13/12/2005	13/12/2005	-	Active	NO
4	U34300HR2006PLC036369	INDO AUTOTECH LTD.	Whole-time director	01/12/2012	15/09/2006	-	Active	NO
5	U35999HR2010PLC040313	ELAN AUTO INDIA LIMITED	Director	30/03/2010	30/03/2010	07/10/2013	Active	NO
6	U93000HR2014NPL052265	VARDHMAN TRAINING AND SKILL DEVELOPMENT CORPORATION	Director	25/03/2014	25/03/2014	-	Active	NO

Name :

Mrs. Renu Jain

Designation :

Whole Time director

Address :

House no: 1443, Sector-14, Faridabad-121007, Haryana, India

Date of Birth/Age :

05.08.1975

Date of Appointment :

01.07.2003

DIN No.:

00059319

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	U74899HR1995PLC038416	SHINE GUARD (INDIA) LIMITED	Director	03/09/2001	03/09/2001	-	Active	NO
2	U29120HR1991PLC031407	SARVO TECHNOLOGIES LIMITED	Director	01/07/2003	01/07/2003	-	Active	NO
3	U74899HR2005PTC035958	Divyam Exim Private Limited	Director	13/12/2005	13/12/2005	-	Active	NO
4	U34300HR2006PLC036369	INDO AUTOTECH LTD.	Whole-time director	01/07/2013	01/07/2013	-	Active	NO

Name :

Mr. Anand Kumar jain

Designation :

Director

Address :

H.No.672, Sector-14, Faridabad-121007, Haryana, India

Date of Birth/Age :

11.03.1966

Date of Appointment :

01.01.1994

DIN No.:

00059290

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	U29120HR1991PLC031407	SARVO TECHNOLOGIES LIMITED	Director	01/02/1994	01/02/1994	-	Active	NO
2	U74899HR1995PLC038416	SHINE GUARD (INDIA) LIMITED	Director	03/04/1995	03/04/1995	-	Active	NO
3	U18204DL1983PTC185012	A. E. FASHIONS PRIVATE LIMITED	Director	01/01/1996	01/01/1996	21/09/2007	Active	NO
4	U34300HR2006PLC036369	INDO AUTOTECH LTD.	Managing director	01/05/2007	15/09/2006	-	Active	NO

Name :

Mr. Narendra Kumar Jain

Designation :

Director

Address :

Plot No. 263, Sector-29, Ganga Apartment, Noida -201301, Uttar Pradesh, India

Date of Birth/Age :

03.10.1953

Date of Appointment :

01.08.2013

DIN No.:

01682822

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	U34300HR2006PLC036369	INDO AUTOTECH LTD.	Director	29/09/2007	01/04/2007	-	Active	NO
2	U74899HR1995PLC038416	SHINE GUARD (INDIA) LIMITED	Additional director	24/08/2007	24/08/2007	-	Active	NO
3	U29120HR1991PLC031407	SARVO TECHNOLOGIES LIMITED	Additional director	01/08/2013	01/08/2013	-	Active	NO
4	U93000HR2014NPL052265	VARDHMAN TRAINING AND SKILL DEVELOPMENT CORPORATION	Director	25/03/2014	25/03/2014	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Pavan Gulathi
Designation :	Accounts Executive

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2013

Names of Shareholders	No. of Shares
Sajan Kumar Jain	78345
Trishla jain	31100
Anand Jain	124500
Indu Jain	2200
Nisha Jain	24400
Rishabh Jain	5300
Satish Jain	369350
Renu Jain	299750
Vibhoo Jain	2500
M/s. Hizima Resorts Limited.	100000
M/s. Juneja nagpal Constructions private Limited	122000
M/S. Docile Fincap Private Limited	50000
M/S Hill Ridge Investment Ltd.	50000
M/S Shilpa Holdings Limited	50000
M/S Brij Packaging Limited	50000
M/S Chhavi Capitals Limited	100000
M/S Tanya Publicity Limited	50000
M/S Shiksha Advertise & Publicity Limited	50000
M/S Deo Jewellers Limited.	50000
M/S Gautam Budh Estate Private Limited	50000
M/S Pratibimb Marketing Company Private Limited	50000
Reena Oil Industry. Private Limited	100000
Prasandi Leasing& Finance Private Limited	82000
Junoon Capital Service Private Limited	40000
Archit Fincap Limited	6000
Focus Industrial Resources Limited	10000
Lokpriya Tea Company Limited	40000
Lord Shiv Investment & Trading Company Private Limited	91200
Mayank Medilab Private Limited	50,000
Euphoria Capital . Private Limited	58,000
Madhurnath Infrastructure . Private Limited	10,000
Agile Finvest Limited	54,900
Shine Guard India Limited	100000
Total	2351545

AFTER 30.09.2013

Names of Allotees	No. of Shares
Renu Jain	160000
Shineguard India Limited	200000
Total	360000

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2013

Category	Percentage
Bodies corporate	60.13
Directors or relatives of Directors	39.87
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer and Exporter of water pumps and water treatment plants.
Exports :
Products :	Finished Goods
Countries :	Nepal
Imports :
Products :	Raw Material
Countries :	China
Terms :
Selling :	L/c and Credit
Purchasing :	L/c and Credit

GENERAL INFORMATION

Suppliers:	· Auto Die Casting Co. · Ushkav Enterprises · Hitesh Furnaces · Imper Marketing Private Limited · Om Shri sai Insulation
Customers :	End Users · Anand krishan Ban · Bhandari Iron store and Supplier · Deccan marketing · J.B.Engineering · JC and Company
No. of Employees :	100 (Approximately)
Bankers :	State Bank of India, NIT Faridabad-121007, Haryana, India
Facilities :	--

Banking Relations :	---
Auditors :
Name :	Sudhir Chaudhary and Associates Chartered Accountant
Address :	205, Om Shubham Tower, Neelam Bata Road, Faridabad-121001, Haryana, India
PAN No.:	ABCFS6938E
Related Parties:	Indo Autotech Limited

CAPITAL STRUCTURE

As on 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
5000000	Equity Shares	Rs.10/- each	Rs. 50.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
2351545	Equity Shares	Rs.10/- each	Rs. 23.515 Millions

AFTER 30.09.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
5000000	Equity Shares	Rs.10/- each	Rs. 50.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
2711545	Equity Shares	Rs.10/- each	Rs. 27.115 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	23.515	22.015	20.765
(b) Reserves & Surplus	35.834	33.594	33.385
(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)	59.349	55.609	54.150
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	6.252
(b) Deferred tax liabilities (Net)	0.760	0.872	1.018
(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)	0.760	0.872	7.270
(4) Current Liabilities
(a) Short term borrowings	7.101	4.888	0.000
(b) Trade payables	16.830	8.842	13.079
(c) Other current liabilities	3.752	0.965	0.876
(d) Short-term provisions	1.623	0.715	1.067
Total Current Liabilities (4)	29.306	15.410	15.022
TOTAL	89.415	71.891	76.442
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	5.412	5.681	6.517
(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	32.405	32.445	32.455
Total Non-Current Assets	37.817	38.126	38.972
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	14.254	9.834	11.617
(c) Trade receivables	24.763	15.299	16.958
(d) Cash and cash equivalents	1.182	0.582	1.489
(e) Short-term loans and advances	11.399	8.050	7.406
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	51.598	33.765	37.470
TOTAL	89.415	71.891	76.442

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	95.599	56.185	74.773
		Other Income	3.242	0.309	0.006
		TOTAL (A)	98.841	56.494	74.779
Less	EXPENSES
		Cost of Materials Consumed	73.720	37.441	55.536
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(2.726)	0.913	(1.508)
		Employees benefits expense	9.335	7.658	7.701
		Other expenses	13.318	8.225	10.530
		TOTAL (B)	93.647	54.237	72.259
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		5.194	2.257	2.520
Less	FINANCIAL EXPENSES (D)		0.872	0.786	NA
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		4.322	1.471	2.520
Less/ Add	DEPRECIATION/ AMORTISATION (F)		1.037	1.160	1.064
	PROFIT BEFORE TAX (E-F) (G)		3.285	0.311	1.456
Less	TAX (H)		1.045	0.102	0.495
	PROFIT AFTER TAX (G-H) (I)		2.240	0.209	0.961
	Earnings Per Share (Rs.)		1.01	0.10	0.60

Particulars	31.03.2014
Sales Turnover (Approximately)	90.000

The above information has been parted by (Mr. Pawan Gulathi)

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	2.27	0.37	1.29
Net Profit Margin (PBT/Sales)	(%)	3.44	0.55	1.95
Return on Total Assets (PBT/Total Assets}	(%)	3.67	0.43	1.90
Return on Investment (ROI) (PBT/Networth)		0.06	0.01	0.03
Debt Equity Ratio (Total Debt /Networth)		0.12	0.09	0.12
Current Ratio (Current Asset/Current Liability)		1.76	2.19	2.49

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	20.765	22.015	23.515
Reserves & Surplus	33.385	33.594	35.834
Net worth	54.150	55.609	59.349
long-term borrowings	6.252	0.000	0.000
Short term borrowings	0.000	4.888	7.101
Total borrowings	6.252	4.888	7.101
Debt/Equity ratio	0.115	0.088	0.120

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	74.773	56.185	95.599
		(24.859)	70.150

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	74.773	56.185	95.599
Profit	0.961	0.209	2.240
	1.29%	0.37%	2.34%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	(Yes)
2]	Locality of the firm	(Yes)
3]	Constitutions of the firm	(Yes)
4]	Premises details	(No)
5]	Type of Business	(Yes)
6]	Line of Business	(Yes)
7]	Promoter's background	(Yes)
8]	No. of employees	(Yes)
9]	Name of person contacted	(Yes)
10]	Designation of contact person	(Yes)
11]	Turnover of firm for last three years	(Yes)
12]	Profitability for last three years	(Yes)
13]	Reasons for variation <> 20%	----------------------
14]	Estimation for coming financial year	(No)
15]	Capital in the business	(Yes)
16]	Details of sister concerns	(Yes)
17]	Major suppliers	(Yes)
18]	Major customers	(Yes)
19]	Payments terms	(Yes)
20]	Export / Import details (if applicable)	(Yes)
21]	Market information	----------------------
22]	Litigations that the firm / promoter involved in	----------------------
23]	Banking Details	(Yes)
24]	Banking facility details	(No)
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)

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10423149	22/04/2013	8,000,000.00	State Bank of India	SMECCC- CUM- SARC, 65, Neelam Bata Road, N I T, F aridabad, Haryana - 121001, INDIA	B74211426
2	80026493	30/03/2007 *	8,000,000.00	STATE BANK OF INDIA SIB BRANCH	65, NEELAM BATA ROAD, FARIDABAD, Haryana - 121001, INDIA	-

* Date of charge modification

UNSECURED LOAN

(Rs. In Millions)

Particulars	As on 31.03.2013	As on 31.03.2012
Short term Borrowing:
Other Loans and advances	7.101	4.888
Total	7.101	4.888

FIXED ASSETS

· Computer

· Conditioner

· Vehicle

· Furniture and Fixture

· Plant and Machinery

· Mobile Phone

· Tools and Dies

· Drawing Equipments

· Camera

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.59.79
UK Pound	1	Rs.102.66
Euro	1	Rs.81.32

INFORMATION DETAILS

Information Gathered by :	PLK
Analysis Done by :	DIV
Report Prepared by :	JGT

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	5
--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	NO
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		45

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.