MIRA INFORM REPORT

Report Date :

12.03.2014

IDENTIFICATION DETAILS

Name :	NHK F. KRISHNA INDIA AUTOMOTIVE SEATING PRIVATE LIMITED (w.e.f. 22.03.2013)
Formerly Known As :	NHK INDIA AUTO COMPONENT PRIVATE LIMITED
Registered Office :	Plot No. 31, Sector 3, IMT Manesar, Gurgaon – 122050, Haryana
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	23.07.2012
Com. Reg. No.:	05-046555
Capital Investment / Paid-up Capital :	Rs.0.100 Million
CIN No.: [Company Identification No.]	U34300HR2012FTC046555
TAN No.: [Tax Deduction & Collection Account No.]	RTKN03205G
PAN No.: [Permanent Account No.]	AAECN0584D
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturing of Seats for Passenger/ Commercial Vehicles.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

Ca (11)

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Yet to commence business activity
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Even though the company was incorporated during 23^rd July 2012. It is yet to commence its business activity. The Management has denied to disclose any information to us. As per available financial of 2013, the company has incurred huge pre operating expenses which has eroded the net worth of the company. As per the status in the registrar of companies business appears to be active. Payment terms are unknown. The company can be considered for business dealings on a safe and secured 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

State-run banks hired nearly 300000 personnel including more than 94000 officers in the last four years, according to the Indian Banks Association. A study by trade lobby Assocham in September 2013 indicated that banks would need 800000 people in the next six years. It estimated that state-run lenders alone would hire 50000 people in 2013/14.

The Competition Commission of India plans to issue final orders within a broad time-frame of one year in matters where it decides to carry out detailed investigations. The number of complaints received by the watchdog which keeps tabs on unfair trade practices in the marketplace.

The government has detected custom tax evasion totaling around Rs 37920 mn in 14 states until December. Maharashtra topped the list of Rs 14190 mn followed by Andhra Pradesh at Rs 8140 mn, Gujarat Rs 5240 mn, Karnataka Rs 1670 mn and Tamilnadu Rs 1610 mn.

Connaught Place in New Delhi slipped four notches to become the world’s eighth most expensive office locations. London’s West End is the world’s most expensive office market.

There are 4.072 mn number of high value spenders under the scanner of the income tax department. The income tax department has information that they have made cash deposits announcing to Rs 1 mn or more in their savings bank accounts in the current financial year. It plans to check potential evasion before the closing of the financial year on March 31.

Estimated pharmaceutical sales in the country for 2016 is $ 27 bn. It is 14.4 per cent higher than a year ago. The life sciences and health care industry is up against challenges such as quality management, says a recent Deloitte report.

The gross non-performing assets of listed banks rose 35.2 % to Rs 2.43 lakh crore during the first three months of the financial year. In absolute terms, the 40 listed banks added Rs 3386 crore to their gross NPAs in nine months with the State Bank of India leading with the State Bank of India leading with an accretion of Rs 16610 crore.

The inflow of smuggled gold doubled in 2013 following restrictions to curb the supply from official channels to contain the current account deficit. China surpassed India in the demand for gold for the first time in 2013 due to liberalization of gold trading norms by its local governments.

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 DENIED

Management Non-Cooperative (Tel No.: 91-124-4523600)

LOCATIONS

Registered Office :	Plot No. 31, Sector 3, IMT Manesar, Gurgaon – 122050, Haryana, India
Tel. No.:	91-124-4523600/ 2625200
Fax No.:	Not Available
E-Mail :	upasanakhati@krishnagroup.co.in
Factory :	A-44, Oragadam SIPCOT, Sriprumbudar Turk, Kancheeprum, District Chennai – 602105, Tamilnadu, India

DIRECTORS

Name :

Mr. Ashok Kapur

Designation :

Director

Address :

B- 5, Chirag Enclave, New Delhi – 110048, India

Date of Birth/Age :

24.06.1946

Date of Appointment :

04.09.2013

DIN No.:

00003577

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	U74899DL1985PTC020921	SKH INFRASTRUCTURE DEVELOPERS PRIVATE LIMITED	Director	15/05/1985	15/05/1985	-	Active	NO
2	U34300HR1991PLC032012	KRISHNA MARUTI LIMITED	Managing director	01/06/2009	25/06/1991	-	Active	NO
3	U35999DL1996PLC075180	KRISHNA ISHIZAKI AUTO LIMITED	Director	04/01/1996	04/01/1996	-	Active	NO
4	U74999DL1996PLC082505	HH INTERIOR & AUTO COMPONENTS LIMITED	Director	09/10/1996	09/10/1996	31/03/2008	Active	NO
5	U70101DL1997PTC089087	SWAPN FARMS PRIVATE LIMITED	Director	02/08/2001	02/08/2001	-	Active	NO
6	U17101DL1998PLC091847	KRISHNA PACKAGE TRIPS LIMITED	Director	03/08/2001	03/08/2001	-	Active	NO
7	U74899DL1994PTC058553	TULIP FARMS PRIVATE LIMITED	Director	04/12/2001	04/12/2001	-	Active	NO
8	U74899DL1994PTC058571	GLADDOLIA FARMS PRIVATE LIMITED	Director	04/12/2001	04/12/2001	-	Active	NO
9	U70101DL1988PTC033696	VENUS ESTATES PRIVATE LIMITED	Director	03/08/2002	03/08/2002	-	Active	NO
10	U34300DL1998PTC091789	KRISHNA INTERIOR PRIVATE LIMITED	Director	02/09/2002	02/09/2002	-	Active	NO
11	U74999DL2003PTC120153	KRISHNA QUINETTE SEATS PRIVATE LIMITED	Director	02/05/2003	02/05/2003	-	Active	NO
12	U22219DL1962PLC003768	THOMSON PRESS INDIA LTD	Director	24/05/2004	24/05/2004	-	Active	NO
13	U00000HR2004PTC049273	KRISHNA GRUPO ANTOLIN PRIVATE LIMITED	Director	19/08/2004	19/08/2004	-	Active	NO
14	U74140HR2004PTC035504	PRUDENT MANAGEMENT STRATEGIES PRIVATE LIMITED	Director	02/05/2005	02/05/2005	-	Active	NO
15	U74130HR1986PLC023655	SKH METALS LIMITED	Director	14/05/2005	14/05/2005	-	Active	NO
16	U27109HR2003PTC035250	MARUICHI KUMA STEEL TUBE PRIVATE LIMITED	Director	28/05/2005	28/05/2005	29/09/2009	Active	NO
17	U45201DL2005PTC136914	SKH CONSTRUCTWELL PRIVATE LIMITED	Director	31/05/2005	31/05/2005	-	Active	NO
18	U74899DL2005PTC140258	SKH GLOBAL TRAVELS PRIVATE LIMITED	Director	01/09/2005	01/09/2005	28/12/2012	Active	NO
19	U45201RJ2005PTC020740	RIPPLE INFRASTRUCTURE PRIVATE LIMITED	Director	30/09/2006	31/10/2005	-	Active	NO
20	U45201RJ2005PTC020796	WAVE INFRASTRUCTURE PRIVATE LIMITED	Director	14/11/2005	14/11/2005	-	Active	NO
21	U74899DL1978PTC008998	USHA PLAST PACKAGING PRIVATE LIMITED	Director	23/12/2005	23/12/2005	-	Active	NO
22	U74300DL2004PTC128184	SKH MEDIA PRIVATE LIMITED	Director	06/02/2006	06/02/2006	02/07/2011	Active	YES
23	U80101DL2006PTC148682	SKH EDUCATION PRIVATE LIMITED.	Director	06/05/2006	06/05/2006	-	Active	NO
24	U63040DL1997PTC089719	KV TRAVELS PRIVATE LIMITED	Director	23/06/2006	23/06/2006	28/12/2012	Active	NO
25	U45201RJ2005PTC020737	SURGE INFRASTRUCTURE PRIVATE LIMITED	Director	29/09/2009	22/03/2007	-	Active	NO
26	U99999DL1959PLC176013	AUTOMOTIVE COMPONENT MANUFACTURERS ASSOCIATION OF INDIA	Director	06/09/2007	06/09/2007	03/09/2009	Active	NO
27	U50300RJ2005PTC020834	DURABLE TRAIN SEATS PRIVATE LIMITED	Director	02/09/2008	20/03/2008	-	Active	NO
28	U45201RJ2005PTC020735	ANGEL INFRASTRUCTURE PRIVATE LIMITED	Director	01/09/2008	20/03/2008	05/03/2009	Active	NO
29	U50300RJ2005PLC020833	SKH SHEET METALS COMPONENTS LIMITED	Director	05/09/2008	10/04/2008	22/09/2009	Active	NO
30	U51109DL2008PTC178458	MAGNETI MARELLI SKH EXHAUST SYSTEMS PRIVATE LIMITED	Director	30/09/2009	05/06/2008	-	Active	NO
31	U34300DL2008PTC178680	SKH MAGNETI MARELLI EXHAUST SYSTEMS PRIVATE LIMITED	Director	30/09/2009	05/06/2008	-	Active	NO
32	U74900DL2008PLC185185	SKH MANAGEMENT SERVICES LIMITED	Director	24/11/2008	24/11/2008	-	Active	NO
33	U29220DL2009PTC187276	SKH SILA INDIA PRIVATE LIMITED	Director	05/02/2009	05/02/2009	-	Active	NO
34	U29253DL2009PTC187778	SKH CABS MANUFACTURING PRIVATE LIMITED	Director	19/02/2009	19/02/2009	-	Active	NO
35	U70200DL2009PTC189407	PASA INFRASTRUCTURE PRIVATE LIMITED	Director	16/04/2009	16/04/2009	-	Active	NO
36	U74900DL2009PTC189418	SKH CAR SEATS PRIVATE LIMITED	Director	16/04/2009	16/04/2009	-	Active	NO
37	U50300RJ2005PTC020818	NARCISSUS AUTO SHEET METALS PRIVATE LIMITED	Director	19/08/2009	01/08/2009	-	Active	NO
38	U74900DL2009PTC193097	SPECTRUM SEATING SYSTEMS SERVICES PRIVATE LIMITED	Director	12/08/2009	12/08/2009	-	Active	NO
39	U70101DL2009PTC193636	GRANITE INFRASTRUCTURE PRIVATE LIMITED	Director	29/09/2010	01/10/2009	-	Active	NO
40	U29300PN2009PTC133761	MSKH SEATING SYSTEMS INDIA PRIVATE LIMITED	Director	28/09/2010	22/10/2009	-	Active	NO
41	L92200DL1999PLC103001	T.V. TODAY NETWORK LIMITED.	Director	26/08/2010	26/10/2009	-	Active	NO
42	U70101DL2010PTC198474	HARTIK ESTATE PRIVATE LIMITED	Director	29/01/2010	29/01/2010	-	Active	NO
43	U70200DL2010PTC198473	KHARTI INFRASTRUCTURE PRIVATE LIMITED	Director	29/01/2010	29/01/2010	-	Active	NO
44	U29253DL2009PTC196097	SIAC SKH INDIA CABS MANUFACTURING PRIVATE LIMITED	Director	21/09/2010	04/03/2010	-	Active	NO
45	U17290DL2010FTC202355	SUMINOE TEIJIN TECHNO KRISHNA INDIA PRIVATE LIMITED	Director	06/05/2010	06/05/2010	-	Active	NO
46	U34300DL2010PTC208458	SKH AUTO TRIMS PRIVATE LIMITED	Director	30/09/2011	28/09/2010	-	Active	NO
47	U74899DL1970PTC005432	KAPUR ESTATES PRIVATE LIMITED	Director	30/09/2011	10/11/2010	-	Active	NO
48	U70200DL2011PTC213833	H & H REAL ESTATE AND INFRASTRUCTURE PRIVATE LIMITED	Director	11/02/2011	11/02/2011	-	Active	NO
49	U45400DL2010PTC199741	BALAJEE GREENLAND PRIVATE LIMITED	Director	24/06/2011	01/03/2011	14/08/2012	Active	NO
50	U45204DL2011PTC222384	SKH BUILDERS PRIVATE LIMITED	Director	15/07/2011	15/07/2011	14/08/2012	Active	NO
51	U45400DL2011PTC222366	H & H PROMOTERS PRIVATE LIMITED	Director	15/07/2011	15/07/2011	14/08/2012	Active	NO
52	U74899DL1992PTC048177	MUNRADTECH EXPORTS PRIVATE LIMITED	Director	28/09/2013	15/11/2012	-	Active	NO
53	U45201RJ2005PTC020734	WARBLE INFRASTRUCTURE PRIVATE LIMITED	Director	23/09/2013	29/11/2012	-	Active	NO
54	U34300HR2012FTC046555	NHK F. KRISHNA INDIA AUTOMOTIVE SEATING PRIVATE LIMITED	Director	04/09/2013	31/03/2013	-	Active	NO
55	U50200HR2012PTC047527	KRISHNA LANDI RENZO INDIA PRIVATE LIMITED	Director	03/07/2013	03/07/2013	-	Active	NO

Name :

Mr. Parvesh Soni

Designation :

Director

Address :

32, Sector -9, Faridabad - 121006, Haryana, India

Date of Birth/Age :

04.07.1963

Date of Appointment :

04.09.2013

DIN No.:

00009994

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	U74899DL1981PTC012844	SHARSH FINANCE AND INVESTMENT COMPANY PRIVATE LIMITED	Director	29/09/2003	29/09/2003	-	Active	NO
2	U74899DL1985PTC021066	MUNRADTECH AIR FILTRATION COMPANY PRIVATE LIMITED	Director	05/05/2004	05/05/2004	-	Active	NO
3	U17101DL1998PLC091847	KRISHNA PACKAGE TRIPS LIMITED	Director	01/06/2004	01/06/2004	-	Active	NO
4	U45201DL2004PTC124177	GOLD CAUSE CONSTRUCTIONS PRIVATE LIMITED	Director	24/07/2004	24/07/2004	-	Dormant	NO
5	U63040DL2004PTC128182	CHORUS TOURS AND TRAVELS PRIVATE LIMITED	Director	09/08/2004	09/08/2004	-	Active	NO
6	U45201DL2004PTC128187	GAIN PROPERTIES PRIVATE LIMITED	Director	09/08/2004	09/08/2004	-	Active	NO
7	U74300DL2004PTC128184	SKH MEDIA PRIVATE LIMITED	Director	09/08/2004	09/08/2004	02/07/2011	Active	YES
8	U72200DL2004PTC128708	AKPS INFOTECH SERVICES PRIVATE LIMITED	Director	31/08/2004	31/08/2004	-	Active	NO
9	U74140DL2005PTC131920	VINCOTTE INTERNATIONAL INDIA ASSESSMENT SERVICES PRIVATE LIMITED	Director	17/01/2005	17/01/2005	-	Active	NO
10	U72200DL2005PTC133270	SKH INFO SERVICES PRIVATE LIMITED	Director	30/09/2006	22/02/2005	-	Active	NO
11	U45201RJ2005PTC020739	SUAVE INFRASTRUCTURE PRIVATE LIMITED	Director	30/09/2006	28/05/2005	-	Active	NO
12	U50300RJ2005PTC020830	AXIS SEATS SERVICES PRIVATE LIMITED	Director	30/05/2005	30/05/2005	-	Active	NO
13	U50300RJ2005PTC020832	GLORIOUS SCOOTER AND MOBIKE SEATS PRIVATE LIMITED	Director	30/05/2005	30/05/2005	-	Active	NO
14	U50300RJ2005PTC020834	DURABLE TRAIN SEATS PRIVATE LIMITED	Director	30/05/2005	30/05/2005	-	Active	NO
15	U45201DL2005PTC136914	SKH CONSTRUCTWELL PRIVATE LIMITED	Director	31/05/2005	31/05/2005	-	Active	NO
16	U74899DL1990PTC040694	ROZ-KA-MEO COMPONENTS PRIVATE LIMITED	Director	05/09/2005	05/09/2005	-	Active	NO
17	U74899DL1997PTC089700	ABR AUTO PRIVATE LIMITED	Director	05/09/2005	05/09/2005	-	Active	NO
18	U74999DL1996PLC082505	HH INTERIOR & AUTO COMPONENTS LIMITED	Director	30/09/2005	30/09/2005	-	Active	NO
19	U74899DL1992PTC048177	MUNRADTECH EXPORTS PRIVATE LIMITED	Director	06/02/2006	06/02/2006	-	Active	NO
20	U74899DL1978PTC008998	USHA PLAST PACKAGING PRIVATE LIMITED	Director	06/02/2006	06/02/2006	-	Active	NO
21	U45201RJ2005PTC020792	CHOIR INFRASTRUCTURE PRIVATE LIMITED	Director	30/09/2006	10/04/2006	-	Active	NO
22	U80101DL2006PTC148682	SKH EDUCATION PRIVATE LIMITED.	Director	06/05/2006	06/05/2006	-	Active	NO
23	U74999DL2004PTC128707	AKPS AUTO ACCESSORIES PRIVATE LIMITED	Director	31/08/2006	31/08/2006	-	Active	NO
24	U45201RJ2005PTC020795	PANACHE INFRASTRUCTURE PRIVATE LIMITED	Director	26/09/2007	23/03/2007	-	Active	NO
25	U63040DL1997PTC089719	KV TRAVELS PRIVATE LIMITED	Director	16/09/2008	21/04/2008	28/12/2012	Active	NO
26	U74899DL2005PTC140258	SKH GLOBAL TRAVELS PRIVATE LIMITED	Director	16/09/2008	21/04/2008	28/12/2012	Active	NO
27	U50300RJ2005PTC020826	LUXURIOUS CAR SEATS PRIVATE LIMITED	Director	02/09/2008	15/05/2008	-	Active	NO
28	U50300RJ2005PTC020835	LUXURIOUS BUS SEATS PRIVATE LIMITED	Director	01/09/2008	15/05/2008	-	Active	NO
29	U74899DL1973PTC006625	ADVANCE AUTOMATION AND PROCESS CONTROLS PRIVATE LIMITED	Additional director	06/09/2008	06/09/2008	12/09/2008	Amalgamated	NO
30	U45201RJ2005PTC020735	ANGEL INFRASTRUCTURE PRIVATE LIMITED	Additional director	06/09/2008	06/09/2008	27/02/2009	Active	NO
31	U34102DL2008PTC183366	SKH AUTO PARTS PRIVATE LIMITED	Director	17/09/2008	17/09/2008	-	Active	NO
32	U45201RJ2005PTC020737	SURGE INFRASTRUCTURE PRIVATE LIMITED	Director	29/09/2009	05/03/2009	-	Active	NO
33	U50300RJ2005PTC020820	SPECTRUM AUTO TRIMS PRIVATE LIMITED	Director	26/09/2009	24/04/2009	02/07/2011	Active	YES
34	U74900DL2009PTC193097	SPECTRUM SEATING SYSTEMS SERVICES PRIVATE LIMITED	Director	12/08/2009	12/08/2009	-	Active	NO
35	U70101DL2009PTC193636	GRANITE INFRASTRUCTURE PRIVATE LIMITED	Director	28/08/2009	28/08/2009	01/10/2009	Active	NO
36	U50300RJ2005PLC020833	SKH SHEET METALS COMPONENTS LIMITED	Director	26/09/2009	22/09/2009	-	Active	NO
37	U29300PN2009PTC133761	MSKH SEATING SYSTEMS INDIA PRIVATE LIMITED	Director	28/09/2010	22/10/2009	-	Active	NO
38	U70102DL2009PTC196060	SKH REAL ESTATE PRIVATE LIMITED	Director	17/11/2009	17/11/2009	-	Active	NO
39	U29253DL2009PTC196097	SIAC SKH INDIA CABS MANUFACTURING PRIVATE LIMITED	Director	17/11/2009	17/11/2009	28/03/2012	Active	NO
40	U70200DL2010PTC198891	SKH BUILDWELL PRIVATE LIMITED	Director	09/02/2010	09/02/2010	-	Active	NO
41	U70109DL2010PTC198912	SKH BUILDCON PRIVATE LIMITED	Director	10/02/2010	10/02/2010	-	Active	NO
42	U34300DL2010PTC208458	SKH AUTO TRIMS PRIVATE LIMITED	Director	20/09/2010	20/09/2010	-	Active	NO
43	U74899DL1970PTC005432	KAPUR ESTATES PRIVATE LIMITED	Director	30/09/2011	10/11/2010	-	Active	NO
44	U35999DL1996PLC075180	KRISHNA ISHIZAKI AUTO LIMITED	Managing director	22/02/2012	22/02/2012	-	Active	NO
45	U34300HR1991PLC032012	KRISHNA MARUTI LIMITED	Whole-time director	18/08/2012	18/05/2012	-	Active	NO
46	U45201RJ2005PTC020734	WARBLE INFRASTRUCTURE PRIVATE LIMITED	Director	23/09/2013	09/01/2013	-	Active	NO
47	U50400DL2012PTC236431	RSLH AUTO TRIMS PRIVATE LIMITED	Additional director	19/01/2013	19/01/2013	-	Active	NO
48	U34300HR2012FTC046555	NHK F. KRISHNA INDIA AUTOMOTIVE SEATING PRIVATE LIMITED	Director	04/09/2013	31/03/2013	-	Active	NO

Name :

Mr. Kiyohiko Kammei

Designation :

Director

Address :

L - 602 Fureai No Machi, 3-51-1, Nokendai Kanazawa-Ku, Yokohama City 2360057

Date of Birth/Age :

10.06.1957

Date of Appointment :

04.09.2013

DIN No.:

06527975

Name :

Mr. Kenichi Kitabayashi

Designation :

Director

Address :

4-26-25-704 Kosugaya Sakae-Ku, Yokohama Yokohama 2470007

Date of Birth/Age :

26.01.1965

Date of Appointment :

04.09.2013

DIN No.:

06528016

Name :

Mr. Stephane Francois Jegou

Designation :

Director

Address :

40 Rue Yvonne Bourg La Reine 92340

Date of Birth/Age :

30.09.1953

Date of Appointment :

04.09.2013

DIN No.:

06540937

MAJOR SHAREHOLDERS

As on 31.03.2013

Names of Shareholders	No. of Shares	% of Holding
NHK Spring Company Limited, Japan	5000	50.00
NHK Spring (Hong Kong) Company Limited	5000	50.00
Total	10000	100.00

As on 28.06.2013

Names of Allottee	No. of Shares
Warble Infrastructure Private Limited	6000000
Total	6000000

BUSINESS DETAILS

Line of Business :

Manufacturing of Seats for Passenger/ Commercial Vehicles.

GENERAL INFORMATION

No. of Employees :	Not Divulged
Bankers :	Not Divulged

Banking Relations :	--
Auditors :
Name :	SRBC and Company LLP Chartered Accountants
Address :	6th and 7th Floor - A Block Tidel Park, No.4 Rajiv Gandhi Salai, Taramani, Chennai – 600113, Tamilnadu, India
Tel. No.:	91-44-66548100
Fax No.:	91-44-22540120
PAN No.:	SRBC and Company LLP Chartered Accountants
Joint Venture :	NHK Spring Company Limited, Japan
Entities under common control :	SKH Technologies Limited

CAPITAL STRUCTURE

As on 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
20000000	Equity Shares	Rs.10/- each	Rs.200.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Rs.10/- each	Rs.0.100 Million

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	0.100
(b) Reserves & Surplus	(8.892)
(c) Money received against share warrants	0.000
(2) Share Application money pending allotment	101.900
Total Shareholders’ Funds (1) + (2)	93.108
(3) Non-Current Liabilities
(a) long-term borrowings	0.000
(b) Deferred tax liabilities (Net)	0.000
(c) Other long term liabilities	0.000
(d) long-term provisions	0.000
Total Non-current Liabilities (3)	0.000
(4) Current Liabilities
(a) Short term borrowings	0.000
(b) Trade payables	0.000
(c) Other current liabilities	6.449
(d) Short-term provisions	0.018
Total Current Liabilities (4)	6.467
TOTAL	99.575
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.000
(ii) Intangible Assets	0.000
(iii) Capital work-in-progress	0.000
(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	69.172
(e) Other Non-current assets	0.000
Total Non-Current Assets	69.172
(2) Current assets
(a) Current investments	0.000
(b) Inventories	0.000
(c) Trade receivables	0.000
(d) Cash and cash equivalents	29.601
(e) Short-term loans and advances	0.802
(f) Other current assets	0.000
Total Current Assets	30.403
TOTAL	99.575

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013
	SALES
		Income	0.000
		Other Income	0.084
		TOTAL	0.084
Less	EXPENSES
		TOTAL	8.950
	PROFIT BEFORE TAX		(8.866)
Less	TAX		0.026
	PROFIT AFTER TAX		(8.892)
	Earnings Per Share (Rs.)		(889.20)

KEY RATIOS

PARTICULARS		31.03.2013
PAT / Total Income	(%)	(10585.71)
Net Profit Margin (PBT/Sales)	(%)	0.00
Return on Total Assets (PBT/Total Assets}	(%)	(8.90)
Return on Investment (ROI) (PBT/Networth)		(0.10)
Debt Equity Ratio (Total Debt/Networth)		0.00
Current Ratio (Current Asset/Current Liability)		4.70

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 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	No
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

CORPORATE INFORMATION

Subject was incorporated on July 23, 2012 under the provisions of the Companies Act, 1956. The Company is a part of joint venture of NHK Spring Company, Japan, which specializes in design, development, testing, manufacture and sale of seating systems and other auto components and is one of the leading suppliers of auto components in Japan, Warble Infrastructure Private Limited, a company engaged in manufacturing activities including manufacture of seating systems, door trims, fuel tanks, exhaust systems, sheet metals, tools, dies, moulds and other auto components for various automotive original equipment manufacturers in India and Faurecia Investments a leading design, development, testing, manufacture and sale of seating systems and other auto components and is one of the leading suppliers of auto components in France. The Company is engaged in the business of manufacturing seats for passenger/commercial vehicles.

OPERATIONS AND PERFORMANCE OF COMPANY

The Company was incorporated during the current financial year and hence the year was the first year of accounting for the Company. The Company has not yet commenced its manufacturing operations. However, since the Company is in the process of setting up its manufacturing facilities, it has incurred a net loss of INR 8.892 Millions.

FUTURE OUTLOOK

The Company is in the process of setting up its facility for manufacturing seating systems to be used in automotive sector. It is hopeful that with the support of its Promoters, it will be able to achieve the projected business plan very soon.

INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY

FIXED ASSETS:

· Land

· Building

· Plant and Machinery

· Computer

· Vehicles

· Furniture and Fixture

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 records exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] 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.60.70
UK Pound	1	Rs.100.69
Euro	1	Rs.84.16

INFORMATION DETAILS

Information Gathered by :	HTL
Report Prepared by :	VNT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
PAID-UP CAPITAL	1~10	2
OPERATING SCALE	1~10	2
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	2
--PROFITABILIRY	1~10	--
--LIQUIDITY	1~10	2
--LEVERAGE	1~10	1
--RESERVES	1~10	--
--CREDIT LINES	1~10	--
--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	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		11

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.