MIRA INFORM REPORT

Report Date :

08.11.2014

IDENTIFICATION DETAILS

Name :	PMT MACHINES LIMITED
Registered Office :	Post Bag Bo. 1102 Pimpri PF, Pune – 411018, Maharashtra
Country :	India
Financials (as on) :	30.06.2013
Date of Incorporation :	08.09.1961
Com. Reg. No.:	11-012117
Capital Investment / Paid-up Capital :	Rs. 140.800 Millions
CIN No.: [Company Identification No.]	U28932MH1961PLC012117
TAN No.: [Tax Deduction & Collection Account No.]	PNEP00463B
PAN No.: [Permanent Account No.]	AAACP4680L
Legal Form :	A Closely Held Public Limited Liability Company.
Line of Business :	Manufacturer of Automatic Lathes, CNC Grinding and Turning Machines and Spares.
No. of Employees :	Information declined by management.

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 9700000
Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. As per ROC the date of balance sheet (i.e. financial filed) is shown as 30.06.2013 but the documents related to the financials for the year 2012, 2013 are not available from any sources. Management remained non-cooperative denied to part any information about the company. As per available financial of 2011, general financial position of the company seems to be fair. As per Registrar of Companies the status of the company is shown as active. Payment terms are unknown. The company can be considered for business dealings 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 – 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 slow 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.

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

Management Non Co-Operative (Tel No.: 91-20-27426219)

LOCATIONS

Registered Office :	Post Bag No. 1102 Pimpri PF, Pune – 411018, Maharashtra, India
Tel. No.:	91-20-27426219/ 27426220/ 27426222/ 27426223/ 27426224/ 27473989-4/ 27472309/ 27472346
Fax No.:	91-20-27463208/ 27426235/ 27426231/ 27477023
E-Mail :	pmtmtal@vsnl.com sujata.achrekar@ilfsindia.com pmtmachines.limited@gmail.com las@mtmtal.com
Website :	http://www.pmtmachines.com
Head Office/ Factory 1 :	Behind PCMC Building, Mumbai Pune Road, Pune – 411018, Maharashtra, India
Tel. No.:	91-20-27426219-24
Fax No.:	91-20-27426235
E-Mail :	cb@pmtmachines.com cb@stergel.com
Factory 2 :	178, Kadachala P.O. Vitoj, Taluka Halol, Panchmahal – 389350, Gujarat, India
Tel. No.:	91-2676-246786/ 87
Fax No.:	91-2676-246788
E-Mail :	cb@pmtmachines.com cb@stergel.com
Warehouse/ Factory 3 :	Gat No. 624, Hissa 4 E, 6 and 8, Village Kurali, Pune Nasik Road, Taluka Khed, District Pune, Maharashtra, India
Branches Office :	Located At : Mumbai Delhi Bangalore Chennai Coimbatore Jamshedpur Kolkata Vadodara Thane

DIRECTORS

As On 31.12.2011

Name :

Mr. Nitin Jayatilal Sandesara

Designation :

Director

Address :

329, Sandesara House, Jawahar Nagar, Goregaon (West), Mumbai – 400062, Maharashtra, India

Date of Birth/Age :

19.03.1960

Date of Appointment :

25.10.1994

DIN No.:

00255496

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	L51900MH1985PLC035738	STERLING BIOTECH LIMITED	Managing director	01/03/2013	08/01/1991	-	Active	NO
2	U51900MH1992PLC065487	ENSA EXPORTS INDUSTRIES LIMITED	Director	20/02/1992	20/02/1992	29/08/2008	Active	NO
3	U28932MH1961PLC012117	PMT MACHINES LIMITED	Director	25/10/1994	25/10/1994	-	Active	NO
4	U28932MH1965PTC013159	HELICOPTER SERVICES PRIVATE LIMITED	Director	21/12/1995	21/12/1995	-	Active	NO
5	U24231MH1999PLC142629	STERLING GELATIN LIMITED	Director	05/07/1999	05/07/1999	-	Active	NO
6	U67120MH1994PTC081283	ROLLSTAR FINANCE AND INVESTMENT PRIVATE LIMITED	Director	25/08/2001	25/08/2001	-	Active	NO
7	U65990MH1994PLC078934	MODI CAPITAL FINANCE (INDIA) LIMITED	Director	18/12/2004	18/12/2004	-	Active	NO
8	U24230MH2005PLC152535	AMERICAN BIOTECH LIMITED	Director	08/04/2005	08/04/2005	-	Active	NO
9	U67120MH1983PTC030445	NAVSEEMA PROPERTIES & SECURITIES PRIVATE LIMITED	Director	23/07/2005	23/07/2005	-	Active	NO
10	U45201MH2006PLC162784	Sterling SEZ and Infrastructure Limited	Director	22/06/2006	22/06/2006	-	Active	NO
11	U93090MH2006PLC165003	STERLING PORT LIMITED	Director	29/09/2006	29/09/2006	-	Active	NO
12	U29248MH2007PLC167764	PMT ENGINEERING LIMITED	Director	10/02/2007	10/02/2007	-	Active	NO
13	U85110MH2007PLC171223	STERLING HEALTHCARE LIMITED	Director	10/05/2008	31/05/2007	-	Active	NO
14	U40102MH2007PLC172187	STERLING ENERGY LIMITED	Director	09/07/2007	09/07/2007	-	Active	NO
15	U51101MH2007PTC170431	CHARISMATIC TRADING PRIVATE LIMITED	Director	13/10/2007	13/10/2007	-	Active	NO
16	U23209MH2006PLC163026	STERLING OIL RESOURCES LIMITED	Additional director	10/12/2012	01/11/2007	-	Active	NO
17	U51909MH2006PTC163616	Sterling Vayudut Private Limited	Director	26/12/2007	26/12/2007	-	Active	NO
18	U11100MH2008PTC177658	Sterling Natural Resources Private Limited	Director	10/01/2008	10/01/2008	-	Active	NO
19	L72300MH2003PLC142575	Sterling International Enterprises Limited	Director	27/12/2008	30/01/2008	-	Active	NO
20	U51909MH2006PTC163613	PMT Oil Rigs Private Limited	Director	05/02/2008	05/02/2008	-	Active	NO
21	U74999MH2008PLC179665	STERLING WASTE MANAGEMENT LIMITED	Director	04/03/2008	04/03/2008	-	Active	NO
22	U51909MH2006PTC163614	Sterling Free trade and Warehousing zone Private Limited	Director	05/03/2008	05/03/2008	-	Active	NO
23	U45200MH2008PLC180020	STERLING SEZ AMENITIES LIMITED	Director	13/03/2008	13/03/2008	-	Active	NO
24	U63030MH2008PLC180287	STERLING SEZ TRANSPORTATION DEVELOPERS LIMITED	Director	19/03/2008	19/03/2008	-	Active	NO
25	U11100MH2008PLC180338	STERLING SEZ GAS DISTRIBUTORS LIMITED	Director	20/03/2008	20/03/2008	-	Active	NO
26	U45202MH1994PTC083920	SEALORD ERECTIONS PRIVATE LIMITED	Director	27/03/2008	27/03/2008	-	Active	NO
27	U65990MH1992PTC066328	SWADESHI FINVEST PVT LTD	Director	27/03/2008	27/03/2008	-	Active	NO
28	U65990MH1995PTC094451	ANTARIKSHA CAPITAL AND FINANCE (INDIA) PRIVATE LIMITED	Director	27/03/2008	27/03/2008	-	Active	NO
29	U45203MH2008PLC180607	STERLING SEZ DEVELOPERS LIMITED	Director	28/03/2008	28/03/2008	-	Active	NO
30	U51900MH1999PTC118278	Eminence Trading Private Limited	Director	28/03/2008	28/03/2008	-	Active	NO
31	U15530MH2008PTC182095	Sterling Wines Private Limited	Director	10/05/2008	10/05/2008	-	Active	NO
32	U62200MH2008PTC184398	Sterling Vadodara International Airport Private Limited	Director	08/07/2008	08/07/2008	-	Active	NO
33	U40102MH2008PLC184431	STERLING SEZ POWER DISTRIBUTION COMPANY LIMITED	Director	08/07/2008	08/07/2008	-	Active	NO
34	U72900MH2008PLC186896	STERLING SEZ TELE SERVICES LIMITED	Director	19/09/2008	19/09/2008	-	Active	NO
35	U52300MH2010PTC199487	Hizin Mercantile Private Limited	Additional director	23/10/2013	23/10/2013	-	Active	NO
36	U52300MH2014PTC252173	Pious Mercantile Private Limited	Director	17/01/2014	17/01/2014	-	Active	NO

Name :

Mr. Chetan Jayantilal Sandesara

Designation :

Director

Address :

329, Sandesara House, Jawahar Nagar, Goregaon (West), Mumbai – 400062, Maharashtra, India

Date of Birth/Age :

25.09.1962

Date of Appointment :

17.02.1995

DIN No.:

00255671

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	U28932MH1961PLC012117	PMT MACHINES LIMITED	Director	17/02/1995	17/02/1995	-	Active	NO
2	L51900MH1985PLC035738	STERLING BIOTECH LIMITED	Managing director	15/07/2013	15/05/1995	-	Active	NO
3	U24231MH1999PLC142629	STERLING GELATIN LIMITED	Director	05/07/1999	05/07/1999	-	Active	NO
4	U51900MH1997PTC105697	BLUE-MARK MERCANTILE Private LIMITED	Director	18/12/2004	18/12/2004	-	Active	NO
5	U24230MH2005PLC152535	AMERICAN BIOTECH LIMITED	Director	08/04/2005	08/04/2005	-	Active	NO
6	U45201MH2006PLC162784	Sterling SEZ and Infrastructure Limited	Director	22/06/2006	22/06/2006	-	Active	NO
7	U93090MH2006PLC165003	STERLING PORT LIMITED	Director	29/09/2006	29/09/2006	-	Active	NO
8	U45202MH1999PLC171992	MAA INFRASTRUCTURE COMPANY LIMITED	Director	16/01/2007	16/01/2007	-	Active	NO
9	U29248MH2007PLC167764	PMT ENGINEERING LIMITED	Director	10/02/2007	10/02/2007	-	Active	NO
10	U85110MH2007PLC171223	STERLING HEALTHCARE LIMITED	Director	31/05/2007	31/05/2007	01/03/2008	Active	NO
11	U40102MH2007PLC172187	STERLING ENERGY LIMITED	Director	09/07/2007	09/07/2007	-	Active	NO
12	U45201MH2006PTC162802	SHRIPAL INFRASTRUCTURE PRIVATE LIMITED	Director	11/10/2007	11/10/2007	-	Active	NO
13	U51101MH2007PTC170431	CHARISMATIC TRADING PRIVATE LIMITED	Director	13/10/2007	13/10/2007	-	Active	NO
14	U23209MH2006PLC163026	STERLING OIL RESOURCES LIMITED	Additional director	10/12/2012	01/11/2007	-	Active	NO
15	U70101DL2005PTC139332	BRIGHTDAY PROPERTIES PRIVATE LIMITED	Director	13/12/2007	13/12/2007	-	Active	NO
16	U51909MH2006PTC163616	Sterling Vayudut Private Limited	Director	26/12/2007	26/12/2007	-	Active	NO
17	U11100MH2008PTC177658	Sterling Natural Resources Private Limited	Director	10/01/2008	10/01/2008	-	Active	NO
18	L72300MH2003PLC142575	Sterling International Enterprises Limited	Director	27/12/2008	30/01/2008	-	Active	NO
19	U51909MH2006PTC163613	PMT Oil Rigs Private Limited	Director	05/02/2008	05/02/2008	-	Active	NO
20	U74999MH2008PLC179665	STERLING WASTE MANAGEMENT LIMITED	Director	04/03/2008	04/03/2008	-	Active	NO
21	U51909MH2006PTC163614	Sterling Free trade and Warehousing zone Private Limited	Director	05/03/2008	05/03/2008	-	Active	NO
22	U45200MH2008PLC180020	STERLING SEZ AMENITIES LIMITED	Director	13/03/2008	13/03/2008	-	Active	NO
23	U63030MH2008PLC180287	STERLING SEZ TRANSPORTATION DEVELOPERS LIMITED	Director	19/03/2008	19/03/2008	-	Active	NO
24	U11100MH2008PLC180338	STERLING SEZ GAS DISTRIBUTORS LIMITED	Director	20/03/2008	20/03/2008	-	Active	NO
25	U45203MH2008PLC180607	STERLING SEZ DEVELOPERS LIMITED	Director	28/03/2008	28/03/2008	-	Active	NO
26	U52320MH1996PTC099077	MARUT APPARELS PRIVATE LIMITED	Director	28/03/2008	28/03/2008	-	Active	NO
27	U51900MH1999PTC118278	Eminence Trading Private Limited	Director	28/03/2008	28/03/2008	-	Active	NO
28	U67120MH1995PTC087997	ANTARIKSHA SECURITIES PRIVATE LIMITED	Director	28/03/2008	28/03/2008	-	Active	NO
29	U15530MH2008PTC182095	Sterling Wines Private Limited	Director	10/05/2008	10/05/2008	-	Active	NO
30	U62200MH2008PTC184398	Sterling Vadodara International Airport Private Limited	Director	08/07/2008	08/07/2008	-	Active	NO
31	U40102MH2008PLC184431	STERLING SEZ POWER DISTRIBUTION COMPANY LIMITED	Director	08/07/2008	08/07/2008	-	Active	NO
32	U51500MH1997PTC106303	RELIQUE LEASFIN PRIVATE LIMITED	Director	18/08/2008	18/08/2008	-	Active	NO
33	U45202MH1994PTC083920	SEALORD ERECTIONS PRIVATE LIMITED	Director	18/08/2008	18/08/2008	-	Active	NO
34	U15120MH1995PTC085695	PUJA AQUA FARMS PRIVATE LIMITED	Director	18/08/2008	18/08/2008	-	Active	NO
35	U15449MH1996PTC098677	SHAMEEK BREWERIES PRIVATE LIMITED	Director	18/08/2008	18/08/2008	-	Active	NO
36	U65990MH1980PTC022219	NATASHA INVESTMENT COMPANY PRIVATE LIMITED	Director	18/08/2008	18/08/2008	-	Active	NO
37	U51900MH1992PLC065487	ENSA EXPORTS INDUSTRIES LIMITED	Director	29/08/2008	29/08/2008	-	Active	NO
38	U72900MH2008PLC186896	STERLING SEZ TELE SERVICES LIMITED	Director	19/09/2008	19/09/2008	-	Active	NO
39	U70102MH2007PTC174407	Brisk Properties Private Limited	Director	04/05/2009	04/05/2009	-	Active	NO
40	U52300MH2010PTC199487	Hizin Mercantile Private Limited	Director	30/01/2010	30/01/2010	23/10/2013	Active	NO
41	U70102MH2010PTC199630	Blue-Mark Properties Private Limited	Director	03/02/2010	03/02/2010	-	Active	NO
42	U52100MH2010PTC199785	Shameek Mercantile Private Limited	Director	05/02/2010	05/02/2010	23/10/2013	Active	NO
43	U70200MH2010PTC199828	Jangpriya Properties Private Limited	Director	08/02/2010	08/02/2010	23/10/2013	Active	NO
44	U85110MH1996PTC102235	ADITI HOSPITALS PRIVATE LIMITED	Director	29/09/2012	26/12/2011	-	Active	NO
45	U65990MH1995PTC094451	ANTARIKSHA CAPITAL AND FINANCE (INDIA) PRIVATE LIMITED	Director	29/09/2012	26/12/2011	-	Active	NO
46	U99999MH1994PTC082298	ANULA PROPERTIES PRIVATE LIMITED	Director	29/09/2012	26/12/2011	-	Active	NO
47	U65910MH1996PTC102134	BULLWORTH INVESTRADE PRIVATE LIMITED	Director	29/09/2012	26/12/2011	-	Active	NO
48	U63000MH1997PTC109195	CIEL PORT MANAGEMENT PRIVATE LIMITED	Director	29/09/2012	26/12/2011	-	Active	NO
49	U65910MH1997PTC107567	COYOTE LEASING PRIVATE LIMITED	Director	29/09/2012	26/12/2011	-	Active	NO
50	U51310MH2000PTC129978	DORAL TRADING PRIVATE LIMITED	Director	29/09/2012	26/12/2011	-	Active	NO
51	U28932MH1965PTC013159	HELICOPTER SERVICES PRIVATE LIMITED	Director	29/09/2012	26/12/2011	-	Active	NO
52	U51900MH1997PTC107662	HIZIN TRADING COMPANY PRIVATE LIMITED	Director	29/09/2012	26/12/2011	-	Active	NO
53	U17000MH1997PTC104925	JAICO TEXTILES PRIVATE LIMITED	Director	29/09/2012	26/12/2011	-	Active	NO
54	U67120MH1992PTC067146	JANGPRIYA INVESTMENTS PVT LTD	Director	29/09/2012	26/12/2011	-	Active	NO
55	U65990MH1994PLC078934	MODI CAPITAL FINANCE (INDIA) LIMITED	Director	29/09/2012	26/12/2011	-	Active	NO
56	U22100MH1996PTC102234	PAYSAN PUBLISHERS PRIVATE LIMITED	Director	29/09/2012	26/12/2011	-	Active	NO
57	U67120MH1995PTC095119	PRABAL INVESTRADE PRIVATE LIMITED	Director	29/09/2012	26/12/2011	-	Active	NO
58	U67120MH1992PTC067140	RICHMOND INVESTMENTS PVT LTD	Director	29/09/2012	26/12/2011	-	Active	NO
59	U67120MH1994PTC081283	ROLLSTAR FINANCE AND INVESTMENT PRIVATE LIMITED	Director	29/09/2012	26/12/2011	-	Active	NO
60	U67120MH1996PTC098231	SANYUKTA INVESTRADE PRIVATE LIMITED	Director	29/09/2012	26/12/2011	-	Active	NO
61	U85190MH2002PTC134718	SOHAM PROTEINS PRIVATE LIMITED	Director	29/09/2012	26/12/2011	-	Active	NO
62	U65990MH1992PTC066328	SWADESHI FINVEST PVT LTD	Director	29/09/2012	26/12/2011	-	Active	NO
63	U51900MH1997PTC106476	TARANA EXPORTS PRIVATE LIMITED	Director	29/09/2012	26/12/2011	-	Active	NO
64	U67190MH1996PTC103762	Titanic Investment And Consultants Private Limited	Director	29/09/2012	26/12/2011	-	Active	NO
65	U85190MH2002PTC134717	UNIQUE PROTEINS PRIVATE LIMITED	Director	29/09/2012	26/12/2011	-	Active	NO
66	U70102MH2014PTC252170	Haughty Properties Private Limited	Director	17/01/2014	17/01/2014	-	Active	NO
67	U15122DL2014PTC263372	AL-AYAAN FOODS PRIVATE LIMITED	Additional director	03/09/2014	03/09/2014	-	Active	NO

Name :

Mr. Rajbhushan Omprakash Dixit

Designation :

Director

Address :

204/12, Jawahar Nagar, Goregaon (West), Mumbai – 400062, Maharashta, India

Date of Birth/Age :

20.07.1961

Date of Appointment :

25.10.1994

DIN No.:

00025484

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	L45200MH1985PLC035172	ENSA STEEL INDUSTRIES LTD	Director	22/02/1990	22/02/1990	-	Active	NO
2	U51900MH1992PLC065487	ENSA EXPORTS INDUSTRIES LIMITED	Director	20/02/1992	20/02/1992	29/08/2008	Active	NO
3	U28932MH1961PLC012117	PMT MACHINES LIMITED	Director	25/10/1994	25/10/1994	-	Active	NO
4	L51900MH1985PLC035738	STERLING BIOTECH LIMITED	Director	15/05/1995	15/05/1995	-	Active	NO
5	U29220MH1999PLC120242	TRAUB MACHINE TOOLS LIMITED	Director	09/06/1999	09/06/1999	18/10/2008	Active	NO
6	L72300MH2003PLC142575	Sterling International Enterprises Limited	Director	08/10/2003	08/10/2003	-	Active	NO
7	U67120MH1995PTC095119	PRABAL INVESTRADE PRIVATE LIMITED	Director	29/12/2003	29/12/2003	29/12/2003	Active	NO
8	U45200MH2005PLC154463	VENUE INFRASTRUCTURE LIMITED	Director	04/07/2005	04/07/2005	18/12/2008	Active	NO
9	U70100MH2005PTC156747	PLANATIUM INFRASTRUCTURE PRIVATE LIMITED	Director	11/10/2007	11/10/2007	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Krushnakant Ramchandra Patel
Designation :	Secretary
Address :	9, Adarsh Colony, Opposite Krishna Cinema, Sidhanath Road, Baroda – 390001, Gujarat, India
Date of Birth/Age :	30.01.1969
Date of Appointment :	01.10.2006
PAN No.:	ALVPP4874F

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 31.12.2011

Names of Shareholders	No. of Shares
Chetan J. Sandesara	1023600
Nitin J. Sandesara	2125600
Narendabhai B. Patel	190160
Jayshreeben B. Patel	204000
Hitesh Patel	200800
Mayuri H. Patel	251840
Dipti C. Sandesara	84000
Gabriel Investment Private Limited	320000
Jangpriya Investment Private Limited	320000
Panoramic Investments Private Limited	480000
Richmond Investments Private Limited	320000
Blue-Mark Mercantile Private Limited	640000
Puja Aqua Farms Private Limited	640000
Helicopter Services Private Limited	220000
Avon Bone Products Limited	560000
Bally Trading Private Limited	400000
Britney Trading Private Limited	400000
Dipraj Trading Private Limited	400000
Doral Trading Private Limited	400000
Embio Trading Private Limited	400000
Gatsby Trading Private Limited	400000
Eminence Trading Private Limited	760000
Newport Enterprises Limited	560000
Reshma Enterprises Private Limited	340000
Sarovar Trading Private Limited	340000
Shreeji Drug Pharma Private Limited	340000
Turin Trading Private Limited	340000
Unique Proteins Private Limited	400000
Lotus Glycol Limited	560000
Raj Bones Limited	460000
Total	14080000

As on 31.12.2011

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Bodies corporate	71.22
Directors or relatives of Directors	28.78
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Automatic Lathes, CNC Grinding and Turning Machines and Spares.

Products :

Item Code No. (ITC Code)	Product Description
736	Machine Tools

GENERAL INFORMATION

Suppliers :

Not Available

Customers :

Not Available

No. of Employees :

Information declined by management.

Bankers :

• Srei Infrastructure Finance Limited, Vishwakarma, 86C, Topsia Road (South), Kolkata-700046, India
• State Bank of India, Mid-corporate Group Industrial Finance Branch, Marble Arch, Race Cource Circle, Vadodara-390007, Gujarat, India
• Sicom Limited, Solitaire Corporate Park, Building No.4, Guru, Hargovindji Road, Andheri (East), Mumbai-400093, Maharashtra, India
• L & T Finance Limited, L & T House, N. M. Marg, Ballard Estate, Mumbai – 400001, Maharashtra, India
• UCO Bank, Pimpri, Pune – 411018, Maharashtra, India

Facilities :

SECURED LOANS	31.06.2011 (Rs. in Millions)	31.06.2010 (Rs. in Millions)
Rupee term loan banks	300.000	16.667
Foreign currency loans banks	2236.000	2320.500
Working capital loans	1386.104	1297.434
Loans taken for other fixed assets	11.429	11.278
Total	3933.533	3645.879

Banking Relations :	--
Auditors :
Name :	H.S. Hathi and Company Chartered Accountants
Address :	Plot No. 110/05, Jawahar Nagar, Goregaon (West), Mumbai – 400062, Maharashtra, India
PAN No.:	AABFH8825R

CAPITAL STRUCTURE

As On 31.12.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
25,000,000	Equity Shares	Rs. 10/- each	Rs. 250.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
14,080,000	Equity Shares	Rs. 10/- each	Rs. 140.800 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		30.06.2011	30.06.2010	30.06.2009
SHAREHOLDERS FUNDS
1] Share Capital		140.800	140.800	140.800
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		3276.219	2865.875	2462.035
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		3417.019	3006.675	2602.835
LOAN FUNDS
1] Secured Loans		3933.533	3645.879	3520.720
2] Unsecured Loans		805.917	500.000	500.056
TOTAL BORROWING		4739.450	4145.879	4020.776
DEFERRED TAX LIABILITIES		618.803	542.803	446.396
TOTAL		8775.272	7695.357	7070.007
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		3787.428	3487.953	3258.296
Capital work-in-progress		1146.274	586.371	651.696
INVESTMENT		145.280	41.573	22.900
DEFERRED TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	2395.496	2140.129	2045.619
	Sundry Debtors	786.159	844.171	671.974
	Cash & Bank Balances	425.402	474.321	749.412
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	691.079	649.394	234.217
Total Current Assets		4298.136	4108.015	3701.222
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	408.900	351.800	420.812
	Other Current Liabilities	71.846	74.255	77.295
	Provisions	121.100	102.500	66.000
Total Current Liabilities		601.846	528.555	564.107
Net Current Assets		3696.290	3579.460	3137.115
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		8775.272	7695.357	7070.007

PROFIT & LOSS ACCOUNT

	PARTICULARS		30.06.2011	30.06.2010	30.06.2009
	SALES
		Income	4244.464	3947.127	3664.242
		Other Income	25.519	29.234	26.335
		TOTAL (A)	4269.983	3976.361	3690.577
Less	EXPENSES
		Consumption materials changes inventories	2246.742	2194.622	2651.373
		Manufacturing service costs	180.050	142.107
		Employee related expenses	276.425	243.895
		Administrative selling other expenses	334.736	300.536
		TOTAL (B)	3037.953	2881.160	2651.373
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		1232.030	1095.201	1039.204
Less	FINANCIAL EXPENSES (D)		304.602	273.481	260.992
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		927.428	821.720	778.212
Less/ Add	DEPRECIATION/ AMORTISATION (F)		235.457	218.973	194.170
	PROFIT BEFORE TAX (E-F) (G)		691.971	602.747	584.042
Less	TAX (I)		281.627	198.907	198.516
	PROFIT AFTER TAX (G-I) (J)		410.344	403.840	385.526
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		2060.822	1656.982	1271.456
	BALANCE CARRIED TO THE B/S		2471.166	2060.822	1656.982
	EARNINGS IN FOREIGN CURRENCY		320.245	229.268	296.453
	IMPORTS
		Raw Materials, Components and Accessories	488.482	487.611	621.524
		Capital Goods	68.756	55.801	85.327
	TOTAL IMPORTS		557.238	543.412	706.851
	Earnings Per Share (Rs.)		29.15	28.68	32.01

KEY RATIOS

PARTICULARS		30.06.2011	30.06.2010	30.06.2009
Net Profit Margin (PAT / Sales)	(%)	9.67	10.23	34.69
Operating Profit Margin (PBDIT/Sales)	(%)	29.02	27.74	28.36
Return on Total Assets (PBT/Total Assets}	(%)	8.56	7.94	8.39
Return on Investment (ROI) (PBT/Networth)		0.20	0.20	0.22
Debt Equity Ratio (Total Liability/Networth)		1.56	1.55	1.76
Current Ratio (Current Asset/Current Liability)		7.14	7.77	6.56

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	30.06.2009	30.06.2010	30.06.2011
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	140.800	140.800	140.800
Reserves & Surplus	2462.035	2865.875	3276.219
Net worth	2602.835	3006.675	3417.019
Secured Loans	3520.720	3645.879	3933.533
Unsecured Loans	500.056	500.000	805.917
Total borrowings	4020.776	4145.879	4739.450
Debt/Equity ratio	1.545	1.379	1.387

YEAR-ON-YEAR GROWTH

Year on Year Growth	30.06.2009	30.06.2010	30.06.2011
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	3664.242	3947.127	4244.464
		7.720	7.533

NET PROFIT MARGIN

Net Profit Margin	30.06.2009	30.06.2010	30.06.2011
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	3664.242	3947.127	4244.464
Profit	385.526	403.840	410.344
	10.52%	10.23%	9.67%

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	No
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

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10364139	25/05/2012	1,500,000,000.00	SREI INFRASTRUCTURE FINANCE LIMITED	VISHWAKARMA,86C,TOPSIA ROAD (SOUTH),, KOLKATA, Wes  t Bengal - 700046, INDIA	B43057561
2	10304241	07/07/2011	150,000,000.00	SICOM LIMITED	SOLITAIRE CORPORATE PARK, BUILDING NO. 4, GURU, H  ARGOVINDJI ROAD, ANDHERI (EAST), Mumbai, Maharasht  ra - 400093, INDIA	B19642263
3	10316550	06/06/2011	400,000,000.00	STATE BANK OF INDIA	MID-CORPORATE GROUP INDUSTRIAL FINANCE BRANCH, MA  RBLE ARCH, RACE COURSE CIRCLE, VADODARA, Gujarat -  390007, INDIA	B19531623
4	10285351	21/04/2011	300,000,000.00	L & T FINANCE LIMITED	L & T House, N.M. Marg, Ballard Estate, Mumbai, M  aharashtra - 400001, INDIA	B12377370
5	10234400	24/07/2010	400,000,000.00	Allahabad Bank	Rajmahal Road Branch, Vadodara, Gujarat - 390001,  INDIA	A92059419
6	10218383	23/04/2010	500,000,000.00	UCO Bank	Mid Corporate Branch, Pimpri, Pune, Maharashtra -  411018, INDIA	A84974344
7	10163476	03/05/2008	323,200,000.00	Allahabad Bank	Rajmahal Road Branch, Rajmahal Road, Vadodara, Gu  jarat - 390001, INDIA	A44042638
8	10050411	20/03/2007	3,742,750,000.00	IL&FS TRUST COMPANY LIMITED	IL&FS FINANCIAL CENTRE, PLOT C-22,, G BLOCK, BAND  RA-KURLA COMPLEX, BANDRA EAST,, MUMBAI, Maharashtr  a - 400051, INDIA	A13105580
9	80031350	25/11/2005	100,000,000.00	HDFC BANK LIMITED	HDFC BANK HOUSE, SENAPATI BAPAT MARG LOWER PAREL,  MUMBAI, Maharashtra - 400013, INDIA	-
10	80031453	01/07/2003	68,000,000.00	INDIAN BANK	DECCAN GYMKHANA, PUNE, Maharashtra - 411004, INDIA	-

UNSECURED LOANS

PARTICULAR	31.06.2011 (Rs. in Millions)	31.06.2010 (Rs. in Millions)
Rupee term loans	805.917	500.000
Total	805.917	500.000

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. 61.52
UK Pound	1	Rs. 97.39
Euro	1	Rs. 76.15

INFORMATION DETAILS

Information Gathered by :	GYT
Analysis Done by :	DIV
Report Prepared by :	JYO

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	3
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	4
--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	NO
--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.