MIRA INFORM REPORT

Report Date :

05.11.2014

IDENTIFICATION DETAILS

Name :	JBM AUTO SYSTEM PRIVATE LIMITED (w.e.f. 29.05.2009)
Formerly Known As :	THYSSENKRUPP JBM PRIVATE LIMITED KRUPP JBM PRIVATE LIMITED
Registered Office :	No.1, Ford Suppliers Park, S.P. Koil Post, Chengalpattu, Kancheepuram - 603204, Tamilnadu
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	08.06.1998
Com. Reg. No.:	18-046810
Capital Investment / Paid-up Capital :	Rs.248.900 Millions
CIN No.: [Company Identification No.]	U34300TN1998PTC046810
TIN No.:	33671602648
TAN No.: [Tax Deduction & Collection Account No.]	CHEK02266F
PAN No.: [Permanent Account No.]	AAACK8997R
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Sheet Metal Components For OEM’s.
No. of Employees :	Information denied by management

RATING & COMMENTS

MIRA’s Rating :

Ba (50)

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

Maximum Credit Limit :	USD 3930000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track record. The rating reflects company’s healthy financial risk profile marked by decent liquidity position and sound profitability levels of the company. Trade relations are fair. Business is active. Payment terms are reported to be usually correct. The company can be considered normal for business dealings at usual trade terms and conditions.

NOTES:

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – June 1, 2014

Country Name	Previous Rating (31.03.2014)	Current Rating (01.06.2014)
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

Verdict Implications: Apex court order may alter coal import dynamics. Traders go slowly on talks over coal supply contracts, uncertainty over cancellation of blocks weigh on stocks.

Recent arrest of the Chennai head of the Registrar of Companies, the ministry of corporate affairs arm that ensures that companies file all the information required by the Companies Act is the latest manifestation of a messy fight between a father and his adopted son for the control of Rs 40000 mn Business Empire. The Central Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10 lakhs as bribe from M a M Ramaswamy, a CBI official said.

Central Bureau of Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.

Infosys maintains revenue guidance. COO Rao says attrition still an area of concern and it would take a few more quarters to bring down levels to 13-15 %.

DHL to invest Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its e-commerce business model for the Asia-Pacific region.

Blackstone may buy stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.

Kingfisher Airlines Ltd grounded in October 2012 under the weight of heavy debt and accumulated losses, recently approached the Delhi high court for relief in two separate cases. The airline challenged a notice by Punjab & National Bank alleging that it had wilfully defaulted on Rs 7700 mn of loans and sought more time to comply with the requirements under the listing agreements with the Stock Exchanges.

OnMobile likely to sack another 300 employees. The lay-offs follow a spate of senior-level exits over the past two years, starting with of its founder. The overall lay-offs could number around 600 and are driven by the need to cut costs, says a former employee.

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	Long Term Rating = BBB
Rating Explanation	Moderate degree of safety and moderate credit risk
Date	29.01.2014

Rating Agency Name	CRISIL
Rating	Short Term Rating = A3+
Rating Explanation	Moderate degree of safety and high credit risk
Date	29.01.2014

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2014.

INFORMATION DENIED BY

Name :	Mr. M. Natrajan
Designation :	Manager
Contact No.:	91-9962080013
Date :	03.11.2014

LOCATIONS

Registered Office/ Factory :	No.1, Ford Suppliers Park, S.P. Koil Post, Chengalpattu, Kancheepuram-603204, Tamilnadu, India
Tel. No.:	91-44-27454993 / 994 / 4960 / 603204 / 6741777
Fax No.:	91-44-27454962 / 67417788
E-Mail :	csjbmas@jbm-group.com skartik@jbm.co.in
Website :	www.jbm-group.com
Corporate Office :	601, Hemkunt Chambers, 89, Nehru Place, New Delhi-110019, India
Fax No.:	91-11-26427100
E-Mail :	corp@jbm.co.in
Kanchipuram Office :	RNS 1, Renault - Nissan Supplier’s Park, Oragadam, Sri-Purampudhum, Taluk Kanchipuram – 603109, Tamilnadu, India
Hosur Office :	Potlot No. 31, SIPCOT Industrial Complex, Phase – I, Mookandpilli, Hosur – 635126, Tamilnadu, India

DIRECTORS

As on 30.09.2014

Name :

Mr. Surendra Kumar Arya

Designation :

Director

Address :

W-101, Greater Kailash II, New Delhi – 110048, India

Date of Birth/Age :

10.11.1957

Date of Appointment :

16.03.2001

DIN No.:

00004626

Other Directorship:

S. No.	CIN/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	U27109DL1982PLC084678	JBM INDUSTRIES LIMITED	Director	18/08/1982	18/08/1982	-	Active	NO
2	L29130DL1987PLC027342	JAY BHARAT MARUTI LIMITED	Managing director	10/06/2013	19/03/1987	-	Active	NO
3	U74899DL1990PLC101070	GURERA INDUSTRIES LIMITED	Director	16/11/1990	16/11/1990	-	Active	NO
4	L74899DL1994PLC063412	A TO Z SECURITIES LIMITED	Director	12/12/1994	12/12/1994	-	Active	NO
5	U74899DL1995PLC064073	JAY BHARAT EXHAUST SYSTEMS LIMITED	Director	05/01/1995	05/01/1995	-	Amalgamated	NO
6	U74899DL1991PTC044376	JBM BUILDERS PRIVATE LIMITED	Director	01/04/1995	01/04/1995	-	Active	NO
7	U74899DL1995PLC067432	JBM INTERNATIONAL LIMITED	Director	18/04/1995	18/04/1995	-	Active	NO
8	U35990DL1995PLC071596	JAYBHARAT BREED LIMITED	Director	09/08/1995	09/08/1995	28/07/2009	Amalgamated	NO
9	U74899DL1998PTC095612	ANS HOLDING PRIVATE LIMITED	Director	18/08/1998	18/08/1998	-	Active	NO
10	U34392HR1999PTC034392	NAGATA INDIA PRIVATE LIMITED	Nominee director	23/12/1999	23/12/1999	11/09/2009	Active	NO
11	L74899DL1996PLC083073	JBM AUTO LIMITED	Director	01/08/2000	01/08/2000	-	Active	NO
12	U27109HR1975PLC007910	JAICO STEEL FASTNERS LIMITED	Director	01/08/2000	01/08/2000	-	Amalgamated	NO
13	U34300TN1998PTC046810	JBM AUTO SYSTEM PRIVATE LIMITED	Director	16/03/2001	16/03/2001	-	Active	NO
14	U74899DL1997PLC086432	NEEL METAL PRODUCTS LIMITED	Director	01/05/2002	01/05/2002	-	Active	NO
15	L74899DL1992PLC050333	MINDA INDUSTRIES LIMITED	Director	29/01/2003	29/01/2003	08/08/2014	Active	NO
16	U99999DL1959PLC176013	AUTOMOTIVE COMPONENT MANUFACTURERS ASSOCIATION OF INDIA	Director	02/09/2003	02/09/2003	-	Active	NO
17	U34300DL2003PTC123285	Neel Auto Private Limited	Director	24/03/2014	02/12/2003	-	Active	NO
18	U45201DL2003PTC120054	SATISH BUILDWELL PRIVATE LIMITED	Director	03/03/2005	03/03/2005	-	Active	NO
19	U74899DL2005PTC142456	UNITECH SAI PRIVATE LIMITED	Director	10/11/2005	10/11/2005	-	Active	NO
20	U70109DL2006PTC150012	SHREEAUMJI INFRASTRUCTURE AND PROJECTS PRIVATE LIMITED	Director	22/06/2006	22/06/2006	-	Active	NO
21	L19201HR1986PLC033185	LIBERTY SHOES LIMITED	Director	20/09/2006	20/09/2006	22/02/2012	Active	NO
22	U28111DL2006PTC155129	ARCELOR NEEL TAILORED BLANK PRIVATE LIMITED	Nominee director	01/11/2006	01/11/2006	-	Active	NO
23	U45201DL2006PTC144714	SHREEAUMJI REAL ESTATE SEZ PRIVATE LIMITED	Director	28/09/2007	14/11/2006	-	Active	NO
24	U74899DL2006PTC144713	SHREEAUMJI DEVELOPERS SEZ PRIVATE LIMITED	Director	28/09/2007	14/11/2006	-	Active	NO
25	U74140DL2007PTC158597	NEEL METAL FANALCA ENVIRONMENT MANAGEMENT PRIVATE LIMITED	Nominee director	02/02/2007	02/02/2007	20/12/2012	Active	NO
26	U13203DL2007PLC164433	ANS STEEL TUBES LIMITED	Director	06/06/2007	06/06/2007	21/03/2013	Active	NO
27	U92100MH2007PLC172122	VICHAAR TELEVISION NETWORK LIMITED	Director	29/11/2007	29/11/2007	-	Active	NO
28	U29220DL2007PTC171360	JBM MA AUTOMOTIVE PRIVATE LIMITED	Director	12/12/2007	12/12/2007	-	Active	NO
29	U74140DL2008PTC172320	JBM ENVIRONMENT MANAGEMENT PRIVATE LIMITED	Director	07/01/2008	07/01/2008	-	Active	NO
30	U45200DL2007PTC160649	MULTIVISION CONSTRUCTIONS PRIVATE LIMITED	Director	15/09/2008	30/06/2008	-	Active	NO
31	U27100DL2009PLC187584	JBM OGIHARA AUTOMOTIVE INDIA LIMITED	Director	13/02/2009	13/02/2009	-	Active	NO
32	U28900DL2010PLC211731	M J CASTING LIMITED	Director	23/12/2010	23/12/2010	-	Active	NO
33	U28113DL2011PTC212192	FJM CYLINDERS PRIVATE LIMITED	Director	05/01/2011	05/01/2011	-	Active	NO
34	U29253HR2012PTC047407	JBM CORTUBI Exhaust Systems Private Limited	Director	11/10/2012	11/10/2012	-	Active	NO

Name :

Mr. Hans Raj Saini

Designation :

Director

Address :

Kothi No.160, Sector 14, Faridabad – 121005, Haryana, India

Date of Birth/Age :

01.03.1938

Date of Appointment :

12.03.2003

DIN No.:

00004665

Other Directorship:

S. No.	CIN/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	U74899DL1995PLC067432	JBM INTERNATIONAL LIMITED	Director	01/04/2001	01/04/2001	-	Active	NO
2	U74899DL1997PLC086432	NEEL METAL PRODUCTS LIMITED	Director	01/04/2001	01/04/2001	14/09/2007	Active	NO
3	L74899DL1996PLC083073	JBM AUTO LIMITED	Whole-time director	07/06/2012	07/06/2002	-	Active	NO
4	U34300TN1998PTC046810	JBM AUTO SYSTEM PRIVATE LIMITED	Nominee director	12/03/2003	12/03/2003	-	Active	NO
5	U27100DL2009PLC187584	JBM OGIHARA AUTOMOTIVE INDIA LIMITED	Director	13/02/2009	13/02/2009	10/11/2012	Active	NO

Name :

Mr. Anand Swaroop Khandelwal

Designation :

Director

Address :

C-5A/14, II Floor, Janakpuri – 110058, New Delhi

Date of Birth/Age :

07.10.1960

Date of Appointment :

04.08.2011

DIN No.:

00004816

Voter ID No.:

ABL0296509

Other Directorship:

S. No.	CIN/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	U74899DL1995PLC067432	JBM INTERNATIONAL LIMITED	Director	18/04/1995	18/04/1995	-	Active	NO
2	U34300DL2003PTC123285	Neel Auto Private Limited	Director	24/03/2014	15/12/2003	-	Active	NO
3	U45201DL2003PTC120054	SATISH BUILDWELL PRIVATE LIMITED	Director	03/03/2005	03/03/2005	-	Active	NO
4	U45201DL2006PTC144716	SHREEAUMJI BUILDWELL PRIVATE LIMITED	Director	12/01/2006	12/01/2006	-	Active	NO
5	U45201DL2006PTC144715	SHREEAUMJI PROPERTIES PRIVATE LIMITED	Director	12/01/2006	12/01/2006	-	Active	NO
6	U45201DL2006PTC144717	SHREEAUMJI BUILDERS PRIVATE LIMITED	Director	12/01/2006	12/01/2006	-	Active	NO
7	U74899DL2006PTC144712	HICOM INFRASTUCTURE PRIVATE LIMITED	Director	12/01/2006	12/01/2006	-	Active	NO
8	U70109DL2006PTC149250	SHREEAUMJI BUILDTECH PRIVATE LIMITED	Director	27/05/2006	27/05/2006	-	Active	NO
9	U70109DL2006PTC150431	COMTECH INFRASTRUCTURE PRIVATE LIMIED.	Director	30/06/2006	30/06/2006	-	Active	NO
10	U35990DL1995PLC071596	JAYBHARAT BREED LIMITED	Director	30/09/2008	09/12/2006	-	Amalgamated	NO
11	U13203DL2007PLC164433	ANS STEEL TUBES LIMITED	Director	17/06/2013	01/11/2007	-	Active	NO
12	U29220DL2007PTC171360	JBM MA AUTOMOTIVE PRIVATE LIMITED	Director	14/05/2009	12/03/2008	-	Active	NO
13	U45200DL2008PTC178619	JBM PROJECTS & INFRASTRUCTURE PRIVATE LIMITED	Director	27/05/2008	27/05/2008	-	Active	NO
14	U28910DL2008PLC185040	JBM MOTORS LIMITED	Director	19/11/2008	19/11/2008	-	Active	NO
15	U34300TN1998PTC046810	JBM AUTO SYSTEM PRIVATE LIMITED	Director	04/08/2011	23/02/2009	-	Active	NO
16	U80302DL2009PTC190802	JBM CADMIUM PRIVATE LIMITED	Director	02/06/2009	02/06/2009	-	Active	NO
17	U28931DL2008PTC174381	INDO TOOLINGS PRIVATE LIMITED	Director	20/08/2009	01/07/2009	28/01/2013	Active	NO
18	U27100DL2009PLC187584	JBM OGIHARA AUTOMOTIVE INDIA LIMITED	Director	28/07/2010	21/09/2009	-	Active	NO
19	U28900DL2010PLC211731	M J CASTING LIMITED	Director	23/12/2010	23/12/2010	-	Active	NO
20	U34201TN2011FTC079145	Yorozu JBM Automotive Tamil Nadu Private Limited	Director	10/02/2011	10/02/2011	-	Active	NO
21	U74140DL2011PTC227157	JBM Corporate Services Private Limited	Director	08/11/2011	08/11/2011	-	Active	NO
22	U28111DL2006PTC155129	ARCELOR NEEL TAILORED BLANK PRIVATE LIMITED	Alternate director	19/06/2012	19/06/2012	-	Active	NO
23	U29253HR2012PTC046397	JBM Kanemitsu Pulleys Private Limited	Alternate director	17/07/2012	17/07/2012	06/03/2014	Active	NO
24	U74140DL2007PTC158597	NEEL METAL FANALCA ENVIRONMENT MANAGEMENT PRIVATE LIMITED	Nominee director	20/12/2012	20/12/2012	-	Active	NO
25	U40300DL2013PTC249282	JBM Solar Private Limited	Director	11/03/2013	11/03/2013	-	Active	NO
26	U40106DL2013PTC250286	JBM Solar Power Private Limited	Director	04/04/2013	04/04/2013	-	Active	NO
27	U74140DL2003PTC118916	K R CHAWLA CONSULTING PRIVATE LIMITED	Additional director	26/07/2013	26/07/2013	-	Active	NO
28	U70101DL2002PTC117107	HN PROPERTIES PRIVATE LIMITED	Additional director	26/07/2013	26/07/2013	-	Active	NO

Name :

Mr. Mahesh Kumar Agarwal

Designation :

Director

Address :

D-4, BHEL Township, Sector – 14, Guatam Budh Nagar, Noida – 201301, Uttar Pradesh, India

Date of Birth/Age :

06.05.1943

Date of Appointment :

04.08.2011

DIN No.:

00004982

Other Directorship:

S. No.	CIN/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	U72000DL2000PTC103912	COMPASS TECHNOLOGIES PRIVATE LIMITED.	Director	05/02/2001	05/02/2001	06/09/2008	Active	NO
2	U67120DL1996PTC078853	METOS INVESTMENT PRIVATE LIMITED	Director	05/02/2001	05/02/2001	-	Active	NO
3	L74899DL1996PLC083073	JBM AUTO LIMITED	Director	07/06/2002	07/06/2002	-	Active	NO
4	U74899DL1985PTC022215	PRAGMAC SOURCES AND SERVICES PRIVATE LIMITED	Director	29/04/2004	29/04/2004	-	Active	NO
5	U74899DL1995PTC072245	ORIENTAL ECOTECH SERVICES PRIVATE LIMITED	Director	02/02/2006	02/02/2006	-	Active	NO
6	U34300TN1998PTC046810	JBM AUTO SYSTEM PRIVATE LIMITED	Director	04/08/2011	09/11/2010	-	Active	NO

KEY EXECUTIVES

Name :	Bala Geetha Vallin
Designation :	Secretary
Address :	Flat A1, Eminent Krishna Apartment, No. 4, Rajarao Street, East Tambram, Chennai – 600059, Tamilnadu, India
Date of Birth/Age :	20.10.1988
Date of Appointment :	09.12.2013
PAN No.:	ACSPU0910D

MAJOR SHAREHOLDERS

As on 30.09.2014

Names of Shareholders	No. of Shares
Surendra Kumar Arya	2
ANS Holding Private Limited, India	2450000
JBM International Limited, India	2499998
A to Z Securities Limited, India	150000
JBM Auto Limited, India	18390000
Total	23490000

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2014

Category	Percentage
Bodies corporate	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Sheet Metal Components For OEM’s.

Products :

Product Description	Item Code No.
Auto Components	87082900
M. S. Scrap	72044900

GENERAL INFORMATION

No. of Employees :

Information denied by management

Bankers :

• DBS Bank Limited, Upper Ground Floor, Birla Tower, 25, Barakhamba Road, New Delhi-110001, India
• Indus-Ind Bank Limited, No.3, Village Road, Nungambakkam, Chennai-600034, Tamilnadu, India

Facilities :

SECURED LOANS	31.03.2014 Rs. In Millions	31.03.2013 Rs. In Millions
LONG TERM BORROWINGS
Rupee term loans from banks	18.100	54.300
Foreign currency term loans from banks	131.250	206.250
Deferred payment liabilities	57.937	57.964
SHORT TERM BORROWINGS
Working capital loans from banks	210.000	245.000
Other loans and advances, others	192.509	173.999
Total	609.796	737.513

Banking Relations :	--
Auditors :
Name :	Fraser and Ross Chartered Accountants
Address :	ASV N. Ramana Tower, Venkatnarayana Road, T Nagar, Chennai – 600017, Tamilnadu, India
Tel. No.:	91-44-66885000
Fax No.:	91-44-66885050
PAN No:	AAAFF0644F
Holding Company :	JBM Auto Limited CIN No.: L74899DL1996PLC083073
Fellow Subsidiaries :	JBM Ogihara Automotive India Limited CIN No.: U27100DL2009PLC187584

CAPITAL STRUCTURE

As on 30.09.2014

Authorised Capital :

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

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
24890000	Equity Shares	Rs.10/- each	Rs.248.900 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014	31.03.2013	31.03.2012
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	248.900	248.900	248.900
(b) Reserves & Surplus	1,126.983	896.089	719.542
(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)	1,375.883	1,144.989	968.442
(3) Non-Current Liabilities
(a) long-term borrowings	207.287	318.514	349.073
(b) Deferred tax liabilities (Net)	51.112	46.400	15.334
(c) Other long term liabilities	0.298	0.531	0.647
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	258.697	365.445	365.054
(4) Current Liabilities
(a) Short term borrowings	402.509	418.999	70.000
(b) Trade payables	868.729	738.415	505.909
(c) Other current liabilities	424.186	270.800	393.276
(d) Short-term provisions	14.850	2.891	4.238
Total Current Liabilities (4)	1,710.274	1,431.105	973.423
TOTAL	3,344.854	2,941.539	2,306.919
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	1,458.043	1,456.991	820.077
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	216.634	55.018	186.228
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	100.000	100.000	100.000
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	158.051	45.383	71.024
(e) Other Non-current assets	1.762	1.582	0.000
Total Non-Current Assets	1,934.490	1,658.974	1,177.329
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	585.239	503.251	443.938
(c) Trade receivables	638.613	578.698	433.832
(d) Cash and cash equivalents	31.138	28.349	22.627
(e) Short-term loans and advances	155.374	172.267	229.193
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	1,410.364	1,282.565	1,129.590
TOTAL	3,344.854	2,941.539	2,306.919

PROFIT & LOSS ACCOUNT

PARTICULARS	31.03.2014	31.03.2013	31.03.2012
SALES TURNOVER	5828.900	4677.600	3768.000
PROFIT/(LOSS) FOR THE YEAR	289.135	234.402	221.763
Earnings / (Loss) Per Share (Rs.)	11.62	NA	NA

KEY RATIOS

PARTICULARS	31.03.2014	31.03.2013	31.03.2012
Debt Equity Ratio (Total Debt /Networth)	0.44	0.64	0.43
Current Ratio (Current Asset/Current Liability)	0.82	0.90	1.16

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	Rs. In Millions	Rs. In Millions	Rs. In Millions
Share Capital	248.900	248.900	248.900
Reserves & Surplus	719.542	896.089	1126.983
Share Application money pending allotment	0.000	0.000	0.000
Net worth	968.442	1144.989	1375.883
Long Term borrowings	349.073	318.514	207.287
Short Term borrowings	70.000	418.999	402.509
Total borrowings	419.073	737.513	609.796
Debt/Equity ratio	0.433	0.644	0.443

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	Rs. In Millions	Rs. In Millions	Rs. In Millions
Sales Turnover	3,768.000	4,677.600	5,828.900
		24.140	24.613

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	Rs. In Millions	Rs. In Millions	Rs. In Millions
Sales Turnover	3,768.000	4,677.600	5,828.900
Profit	221.763	234.402	289.135
	5.89%	5.01%	4.96%

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	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	Yes

INDEX OF CHARGE:

Sr. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10523352	29/09/2014	450,000,000.00	Indusind Bank Limited	2401 Gen Thimmayya Road, Contonment, Pune, Maharashtra - 411001, India	C24887812
2	10519892	03/09/2014	50,000,000.00	The Ratnakar Bank Limited	Shahupuri,Kolhapu,, Kolhapur, Maharashtra - 416001, India	C20424024
3	10519722	03/09/2014	150,000,000.00	The Ratnakar Bank Limited	Shahupuri,Kolhapu,, Kolhapur, Maharashtra - 416001, India	C20424214
4	10526389	26/08/2014	400,000,000.00	HDFC Bank Limited	Hdfc Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India	C30042246
5	10481055	07/02/2014	300,000,000.00	Yes Bank Limited	Nehru Centre, 9th Floor, Discovery Of India, Dr. A.B. Road, Worli,, Mumbai, Maharashtra - 400018, India	B97812556
6	10476001	03/02/2014	200,000,000.00	Indusind Bank Limited	2401 Gen Thimmayya Road, Contonment, Pune, Maharashtra - 411001, India	B95650917
7	10474192	05/12/2013	270,000,000.00	HDFC BANK LIMITED	Hdfc Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India	B94933801
8	10449766	18/09/2013	51,500,000.00	Indusind Bank Limited	Dr. Gopal Das Building,, 28, Barakhamba Road, New Delhi, Delhi - 110001, India	B85283661
9	10359105	13/01/2014 *	108,600,000.00	Indusind Bank Limited	2401 Gen Thimmayya Road, Contonment, Pune, Maharashtra - 411001, India	B95384558
10	10320423	21/09/2013 *	300,000,000.00	DBS Bank Limited (Acting as an Security Agent)	Capitol Point, Baba Kharak Singh Marg,, Connaught Place,, New Delhi, Delhi - 110001, India	B87287504
11	10312842	04/02/2014 *	550,000,000.00	DBS Bank Limited	Capitol Point, Baba Kharak Singh Marg, Connaught Place,, New Delhi, Delhi - 110001, India	B95868352
12	10171302	06/01/2011 *	225,000,000.00	Indusind Bank Limited	No.3, Village Road, Nungambakkam, Chennai, Tamil Nadu - 600034, India	B03633526
13	90288703	02/01/2006	7,345,000.00	Ford India Private Limited	S. P Koil; Post - 603204, Chengalpattu Taluk, Kanchapuram, Tamil Nadu, India	-
14	90287622	26/11/2005 *	623,686,889.00	Ford India Private Limited	S. P Koil; Post - 603204, Chengalpattu Taluk, Kan Chapuram, Tamil Nadu, India	-
15	90296501	09/01/2003 *	173,659,845.00	FORD INDIA LIMITED	S.P. Koil Post, Chengalpattu, Tamil Nadu - 603204, India	-

*Date of modification Charges

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 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.61.41
UK Pound	1	Rs.98.06
Euro	1	Rs.67.76

INFORMATION DETAILS

Information Gathered by :	NYA
Analysis Done by :	KAR
Report Prepared by :	VNT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	6
--CREDIT LINES	1~10	5
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		50

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.