MIRA INFORM REPORT

Report No. :	317096
Report Date :	14.04.2015

IDENTIFICATION DETAILS

Name :	UTI ASSET MANAGEMENT COMPANY LIMITED (w.e.f. 14.11.2011)
Formerly Known As :	UTI ASSET MANAGEMENT COMPANY PRIVATE LIMITED
Registered Office :	Ground Floor, UTI Tower, GN Block, Banrda Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra
Tel. No.:	91-22-66786354
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	14.11.2002
Com. Reg. No.:	11-137867
Capital Investment / Paid-up Capital :	Rs. 1250.000 Million
CIN No.: [Company Identification No.]	U65991MH2002GOI137867
TAN No.: [Tax Deduction & Collection Account No.]	NGPU01326D / MUMU03355C
PAN No.: [Permanent Account No.]	AAACU6260F
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Subject is engaged in the Investment Management Business and Providing Wealth Management Services.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

Aa (76)

RATING		STATUS	PROPOSED CREDIT LINE
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

Maximum Credit Limit :	USD 33280000
Status :	Excellent
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is an established company having excellent track record. The rating reflects company strong financial risk profile marked by healthy net worth and sound profitability of the company. Fundamentals of the company are healthy. Company is operating on its own funds. Directors are reported to be well experienced, respectable and knowledgeable businessman. Trade relations are reported as fair. Business is active. Payments terms are reported to be regular and as per commitment. The company can be considered good 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 – December 31, 2014

Country Name	Previous Rating (30.09.2014)	Current Rating (31.12.2014)
India	A1	A1

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

EXTERNAL AGENCY RATING

Rating Agency Name	ICRA
Rating	UTI Bond Fund: “AAA”
Rating Explanation	Highest degree of safety and carry lowest credit risk.
Date	October, 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 DECLINED

MANAGEMENT NON-COOPERATIVE (Tel. No.: 91-22-66786666)

LOCATIONS

Registered Office :	Ground Floor, UTI Tower, GN Block, Banrda Kurla Complex, Bandra (East), Mumbai-400051, Maharashtra, India
Tel. No.:	91-22-66786354/ 55/ 66786101/ 66786666/ 66786793/ 66786424
Mobile No.:	91-9892900946 (Ms. Khurshid Mistry)
Fax No.:	91-22-66786326/ 26528991
E-Mail :	irahman@uti.co.in kiran.vohra@uti.co.in pms_care@uti.co.in
Website :	http://www.utimf.com
Branch Offices :	Located at · Andhra Pradesh · Assam · Bihar · Chandigarh · Delhi · Goa · Gujarat · Harahan · Himachal Pradesh · Jammu and Kashmir · Jharkhand · Karnataka · Kerala · Madhya Pradesh · Maharashtra · Meghalaya · Orissa · Punjab · Rajasthan · Tamil Nadu · Tripura · Uttar Pradesh · Uttarakhand · West Bengal

DIRECTORS

As on 22.07.2014

Name :

Mr. Leo Puri

Designation :

Managing Director

Address :

501, Belmont Condominium, N.S. Road, Mumbai – 400036, Maharashtra, India

Date of Birth/Age :

03.01.1961

Qualification :

Masters of Arts, Politics, Philosophy and Economics from Oxford University, UK and Masters Arts , Law, Cambridge University, UK

Experience :

32 Years

Date of Appointment :

14.08.2013

DIN No. :

01764813

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	U74140MH2004PTC145467	WARBURG PINCUS INDIA PRIVATE LIMITED	Managing director	11-06-2007	11-06-2007	31-03-2011	Active	NO
2	U72200DL2001PLC111313	MAX HEALTHCARE INSTITUTE LIMITED	Additional director	11-10-2011	21-12-2007	19-07-2012	Active	NO
3	L24223PB1988PLC008031	MAX INDIA LIMITED	Director	16-09-2008	17-05-2008	17-06-2011	Active	NO
4	U74300MH2006PTC166404	LAQSHYA DIGITAL MEDIA PRIVATE LIMITED	Nominee director	20-06-2008	17-06-2008	06-07-2011	Active	NO
5	U74300MH2007PTC176612	LAQSHYA HYDERABAD AIRPORT MEDIA PRIVATE LIMITED	Nominee director	13-11-2008	17-06-2008	06-07-2011	Active	NO
6	U74140MH2007PTC176824	ERGOFORM CONSULTING PRIVATE LIMITED	Nominee director	10-12-2008	17-06-2008	31-03-2010	Active	NO
7	U74300MH1997PTC105548	LAQSHYA MEDIA PRIVATE LIMITED	Nominee director	29-09-2008	17-06-2008	06-07-2011	Active	NO
8	U74140MH2004PTC148144	LAQSHYA AIRPORT MEDIA PRIVATE LIMITED	Nominee director	29-09-2008	17-06-2008	06-07-2011	Active	NO
9	U66000DL2008PLC182918	MAX BUPA HEALTH INSURANCE COMPANY LIMITED	Director	01-05-2012	05-09-2008	01-08-2013	Active	NO
10	U74899DL2000PLC106723	MAX LIFE INSURANCE COMPANY LIMITED	Director	16-05-2012	11-12-2009	01-08-2013	Active	NO
11	U22120MH1913PLC000391	BENNETT COLEMAN AND COMPANY LIMITED	Director	28-09-2012	23-05-2012	14-08-2013	Active	NO
12	L85110KA1981PLC013115	INFOSYS LIMITED	Director	15-06-2013	11-04-2013	14-08-2013	Active	NO
13	U65991MH2002GOI137867	UTI ASSET MANAGEMENT COMPANY LIMITED	Managing director	14-08-2013	03-07-2013	-	Active	NO
14	U74140KA2008PTC047396	ASCENT CAPITAL ADVISORS INDIA PRIVATE LIMITED	Nominee director	21-08-2013	21-08-2013	-	Active	NO
15	U65991KA2001PTC028827	UTI VENTURE FUNDS MANAGEMENT COMPANY PRIVATE LIMITED.	Nominee director	21-08-2013	21-08-2013	-	Active	NO
16	U65900MH2011PTC217430	UTI CAPITAL PRIVATE LIMITED	Director	21-07-2014	02-09-2013	-	Active	NO
17	U66020MH2007GOI176785	UTI RETIREMENT SOLUTIONS LIMITED	Director	21-07-2014	05-09-2013	-	Active	NO
18	U65991MH1995NPL092062	ASSOCIATION OF MUTUAL FUNDS IN INDIA	Additional director	10-10-2014	09-10-2013	-	Active	NO

Name :

Mr. Prithvi Raj Khanna

Designation :

Director

Address :

70, Sundar Nagar, New Delhi-110003, India

Date of Birth/Age :

02.07.1933

Qualification :

B.Com. (Hons.) from Delhi University and a fellow member of Institute of Chartered Accountants of India

Date of Appointment :

13.01.2006

DIN No.:

00048800

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	L74899DL1978PLC009038	INDAG RUBBER LIMITED	Director	25-07-2014	20-01-2000	-	Active	NO
2	L45101DL1967PLC004759	ANSAL PROPERTIES AND INFRASTRUCTURE LIMITED	Director	30-08-2003	30-08-2003	-	Active	NO
3	L74899DL1989PLC035140	DCM SHRIRAM INDUSTRIES LIMITED	Director	30-05-2014	05-10-2005	-	Active	NO
4	U45201HR1982PLC014785	UNIPRODUCTS (INDIA) LIMITED	Director	21-11-2005	21-11-2005	-	Active	NO
5	U65991MH2002GOI137867	UTI ASSET MANAGEMENT COMPANY LIMITED	Director	13-01-2006	13-01-2006	-	Active	NO
6	U64201DL1984PLC019062	CONTROLS AND SWITCHGEAR CONTACTORS LIMITED	Director	17-02-2006	17-02-2006	30-07-2007	Active	NO
7	U74999MH2006NPL163665	NABHA DEVELOPMENT INITIATIVE	Director	08-08-2006	08-08-2006	10-08-2006	Active	NO
8	U34200DL2008PTC172214	CARNATION AUTO INDIA PRIVATE LIMITED	Director	27-01-2009	27-01-2009	10-12-2013	Active	NO
9	U74999DL1979PTC009494	SELECT INFRASTRUCTURE PRIVATE LIMITED	Director	29-09-2009	08-05-2009	-	Active	NO
10	U31909DL1971PLC005672	C&S ELECTRIC LIMITED	Director	18-12-2009	09-07-2009	-	Active	NO
11	U25203DL2006PLC153993	CONTINENTAL INDIA LIMITED	Director	29-09-2009	20-08-2009	14-03-2011	Active	NO
12	U65900MH2011PTC217430	UTI CAPITAL PRIVATE LIMITED	Director	08-06-2012	25-08-2011	-	Active	NO

Name :

Mr. Pudugramam Narayanaswamy Venkatachalam

Designation :

Director

Address :

3C, Settlur Manor, 2 Sivaswamy Street (Behind Axis Bank), Off Dr. Radhakrishnan Salai, Mylapore, Chennai - 600004, Tamilnadu, India

Date of Birth/Age :

22.03.1944

Qualification :

MA(ECO), CAIIB

Date of Appointment :

05.01.2012

DIN No.:

00499442

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
1	U72200TN2000PLC044182	LASER SOFT INFOSYSTEMS LIMITED	Director	19-01-2011	30-04-2006	26-04-2011	Active
2	U36999TN1992PTC022434	KHAZANA JEWELLERY PRIVATE LIMITED	Director	12-07-2007	12-07-2007	-	Active
3	L99999MH1995PLC094641	EDELWEISS FINANCIAL SERVICES LIMITED	Director	25-07-2014	09-08-2007	-	Active
4	U65990MH2005PLC154854	ECL FINANCE LIMITED	Director	22-07-2014	20-12-2007	-	Active
5	U67120AP1994PLC052372	EDELWEISS FINANCE & INVESTMENTS LIMITED	Director	09-09-2014	14-07-2008	-	Active
6	U72200TN2004PTC054445	INDIGO TX SOFTWARE PRIVATE LIMITED	Director	28-04-2010	28-04-2010	07-05-2011	Active
7	L65191TN1954PLC002429	SUNDARAM FINANCE LIMITED	Director	16-09-2014	28-01-2011	-	Active
8	U65991MH2002GOI137867	UTI ASSET MANAGEMENT COMPANY LIMITED	Director	05-01-2012	05-01-2012	-	Active
9	U65991KA2001PTC028827	UTI VENTURE FUNDS MANAGEMENT COMPANY PRIVATE LIMITED.	Nominee director	28-02-2012	28-02-2012	08-07-2013	Active
10	U66020MH2007GOI176785	UTI RETIREMENT SOLUTIONS LIMITED	Director	05-09-2012	13-03-2012	-	Active
11	U45201AP2006PLC078157	EDELWEISS COMMODITIES SERVICES LIMITED	Director	09-09-2014	24-06-2013	-	Active
12	U66010MH2009PLC197336	EDELWEISS TOKIO LIFE INSURANCE COMPANY LIMITED	Additional director	18-07-2014	18-07-2014	-	Active
13	U65922TN1999PLC042759	SUNDARAM BNP PARIBAS HOME FINANCE LIMITED	Additional director	21-10-2014	21-10-2014	-	Active
14	U65922MH2008PLC182906	EDELWEISS HOUSING FINANCE LIMITED	Director	25-02-2015	25-02-2015	-	Active

Name :

Mr. Flemming Madsen

Designation :

Director

Address :

10 Spring Forest Court, Ownings Mills, Maryland 21117, USA

Date of Birth/Age :

12.08.1965

Qualification :

Finished first half of the business program "HD" at Copenhagen Business School, which includes Economic Mathematics, Business Law and Finance

Date of Appointment :

20.01.2010

DIN No.:

02904543

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	Company/ LLP Status	Defaulting status
1	U65991MH2002GOI137867	UTI ASSET MANAGEMENT COMPANY LIMITED	Director	20-01-2010	20-01-2010	Active	NO
2	U65900MH2011PTC217430	UTI CAPITAL PRIVATE LIMITED	Director	08-06-2012	25-08-2011	Active	NO

Name :

Mr. James Sellers Riepe

Designation :

Director

Address :

1330, Western Run Road, Cockeysville, Maryland 21030, USA

Date of Birth/Age :

25.06.1943

Qualification :

Bachelor in Science in Economics - University of Pennsylvania, MBA - University of Pennsylvania

Date of Appointment :

20.01.2010

DIN No.:

02904546

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	Company/ LLP Status	Defaulting status
1	U65991MH2002GOI137867	UTI ASSET MANAGEMENT COMPANY LIMITED	Director	20-01-2010	20-01-2010	Active	NO
2	U65991KA2001PTC028827	UTI VENTURE FUNDS MANAGEMENT COMPANY PRIVATE LIMITED.	Additional director	23-03-2010	23-03-2010	Active	NO

Name :

Mr. Sachit Jain

Designation :

Director

Address :

Auro Mirra Bhawan, 2722, Gurdec Nagar, Pakhowal Road, Ludhiana - 141001, Punjab, India

Date of Birth/Age :

08.07.1966

Qualification :

Electrical Engineering degree from IIT, New Delhi, Management degree from IIM, Ahmedabad and Financial Management at Standford

Date of Appointment :

20.01.2010

DIN No.:

00746409

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	L17111PB1973PLC003345	VARDHMAN TEXTILES LIMITED	Whole-time director	07-08-2014	13-06-1994	-	Active	NO
2	L51491PB1990PLC019212	VARDHMAN ACRYLICS LIMITED	Director	30-12-1995	30-12-1995	-	Active	NO
3	U51494PB1987PTC007399	PRADEEP MERCANTILE COMPANY PRIVATE LIMITED	Director	16-12-1997	16-12-1997	-	Active	NO
4	U51909PB1987PTC007397	PLAZA TRADING COMPANY PRIVATE LIMITED	Director	16-12-1997	16-12-1997	-	Active	NO
5	U67120PB1981PTC004749	ANKLESH INVESTMENTS PRIVATE LIMITED	Director	16-12-1997	16-12-1997	-	Active	NO
6	U45202PB1978PTC003831	MAHAVIR SPINNING MILLS PRIVATE LIMITED	Director	08-01-1998	08-01-1998	-	Active	NO
7	U67120PB1980PTC022317	DEVAKAR INVESTMENT AND TRADING COMPANY PRIVATE LIMITED	Director	08-01-1998	08-01-1998	-	Active	NO
8	U67120PB1978ULT021891	ADINATH INVESTMENT AND TRADING COMPANY (PRIVATE COMPANY WITH UNLIMITED LIABILITY )	Director	23-10-1998	23-10-1998	-	Converted to LLP and dissolved	NO
9	U67120PB1988PTC021770	SYRACUSE INVESTMENT AND TRADING COMPANY PRIVATE LIMITED	Director	19-04-2002	19-04-2002	-	Active	NO
10	U67120PB1987PTC021772	MARSHALL INVESTMENT AND TRADING COMPANY PRIVATE LIMITED	Director	16-07-2002	16-07-2002	-	Active	NO
11	L65921PB1983PLC024887	RAMANIYA FINANCE AND INVESTMENT COMPANY LIMITED	Director	30-09-2002	30-09-2002	11-02-2015	Active	NO
12	L65921PB1982PLC024886	SANTON FINANCE AND INVESTMENT CO LTD	Director	30-09-2002	30-09-2002	11-02-2015	Active	NO
13	L65921PB1982PLC024888	FLAMINGO FINANCE AND INVESTMENT CO LTD	Director	30-09-2002	30-09-2002	11-02-2015	Active	NO
14	U67120PB1981PLC004492	SRESTHA HOLDINGS LIMITED	Director	30-09-2002	30-09-2002	-	Active	NO
15	U17117PB1990PLC014070	VMT SPINNING COMPANY LIMITED	Whole-time director	01-05-2008	17-04-2003	14-03-2011	Active	NO
16	U18100PB2003PLC026315	VARDHMAN APPARELS LIMITED	Director	28-08-2003	28-08-2003	20-01-2015	Active	NO
17	U17230PB2005PLC027936	VARDHMAN YARNS AND THREADS LIMITED	Director	04-02-2005	04-02-2005	-	Active	NO
18	L17111PB1962PLC002463	VARDHMAN HOLDINGS LIMITED	Director	30-03-2005	30-03-2005	-	Active	NO
19	L29211PB1970PLC002942	PUNJAB TRACTORS LIMITED	Additional director	19-10-2006	19-10-2006	10-05-2007	Amalgamated	NO
20	U17121PB2007PLC030853	VARDHMAN SPINNING AND GENERAL MILLS LIMITED	Director	31-01-2007	31-01-2007	20-01-2015	Active	NO
21	U17231PB1994PLC014256	VTL INVESTMENTS LIMITED	Director	06-09-2008	05-07-2008	24-12-2014	Active	NO
22	U18100PB2009PLC032764	VARDHMAN NISSHINBO GARMENTS COMPANY LIMITED	Director	20-08-2009	17-04-2009	-	Active	NO
23	U65991MH2002GOI137867	UTI ASSET MANAGEMENT COMPANY LIMITED	Director	20-01-2010	20-01-2010	-	Active	NO
24	L27100PB2010PLC033930	VARDHMAN SPECIAL STEELS LIMITED	Managing director	01-04-2011	14-05-2010	-	Active	NO
25	U27106MH1968NPL014092	THE ALLOY STEEL PRODUCERS ASSOCIATION OF INDIA	Director	20-09-2013	20-09-2013	-	Active	NO
26	AAC-3482	ADISHWAR ENTERPRISES LLP	Designated Partner	05-06-2014	05-06-2014	-	Active	NO

Name :

Mr. Pradeep Gupta

Designation :

Director

Address :

D-74, Panchsheel Enclave, New Delhi - 110017, India

Date of Birth/Age :

08.03.1955

Qualification :

Engineer from IIT Delhi and an MBA from IIM, Calcutta

Date of Appointment :

20.01.2010

DIN No.:

00007520

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	L92114DL1982PLC014334	CYBER MEDIA (INDIA) LIMITED	Managing director	01-03-2013	10-09-1982	-	Active	NO
2	U74130DL1996PLC081509	CYBER MEDIA RESEARCH AND SERVICES LIMITED	Director	29-08-1996	29-08-1996	-	Active	NO
3	U93090DL1997PLC086975	CYBER ASTRO LIMITED	Director	13-04-1997	13-04-1997	-	Active	NO
4	U22121DL1997PLC086718	CYBER MEDIA DIGITAL LIMITED	Director	15-04-1997	15-04-1997	-	Amalgamated	NO
5	U72900DL1999PLC100470	CYBERMEDIA INDIA ONLINE LIMITED	Director	01-07-1999	01-07-1999	-	Amalgamated	NO
6	U92199DL2000PLC103465	CYBER MEDIA EVENTS LIMITED	Director	27-01-2000	27-01-2000	-	Amalgamated	NO
7	U00000DL2000PLC106719	CYBER HOLDINGS LIMITED	Director	11-07-2000	11-07-2000	-	Amalgamated	NO
8	U72900DL2000PTC104376	BANYAN NETFAQS PRIVATE LIMITED	Director	14-08-2000	14-08-2000	06-02-2008	Active	NO
9	U74999DL2000PLC107553	CYBER MEDIA FOUNDATION LIMITED	Director	05-09-2000	05-09-2000	-	Active	NO
10	U92113DL2000PTC104336	KALEIDOSCOPE ENTERTAINMENT PRIVATE LIMITED	Director	16-09-2002	16-09-2002	-	Active	NO
11	U99999DL1951PLC002023	THE INDIAN NEWSPAPER SOCIETY.	Director	18-09-2006	18-09-2006	-	Active	NO
12	U74140DL2005PTC142860	INDIAN ANGEL NETWORK SERVICES PRIVATE LIMITED	Additional director	27-02-2007	27-02-2007	-	Active	NO
13	U74910DL2005PLC132894	CYBER MEDIA CAREERS LIMITED	Director	29-09-2007	28-03-2007	-	Active	NO
14	U22130DL2008PLC174146	CYBER MEDIA SERVICES LIMITED	Director	18-02-2008	18-02-2008	-	Active	NO
15	U65991MH2002GOI137867	UTI ASSET MANAGEMENT COMPANY LIMITED	Director	20-01-2010	20-01-2010	-	Active	NO
16	U65900MH2011PTC217430	UTI CAPITAL PRIVATE LIMITED	Director	24-07-2013	14-02-2013	-	Active	NO
17	U22190DL2013PTC253563	CYBER MEDIA DARE PRIVATE LIMITED	Director	04-06-2013	04-06-2013	-	Strike off	NO
18	U72900DL2013PTC253952	DARE ACCELERATOR SERVICES PRIVATE LIMITED	Director	14-06-2013	14-06-2013	-	Strike off	NO

Name :

Mr. Venkata Suryanarayana Malakapalli

Designation :

Director

Address :

12-2-417/A/11, Gudimalkapur, Jaya Nagar, Hyderabad - 500028, Andhra Pradesh, India

Date of Birth/Age :

05.04.1946

Qualification :

B.Com, FCA

Date of Appointment :

25.07.2013

DIN No.:

00372812

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	Company/ LLP Status	Defaulting status
1	L74899DL1983PLC014942	BHUSHAN STEEL LIMITED	Director	25-09-2010	09-06-2003	Active	NO
2	U65991MH2002GOI137867	UTI ASSET MANAGEMENT COMPANY LIMITED	Director	25-07-2013	19-07-2012	Active	NO
3	U65991KA2001PTC028827	UTI VENTURE FUNDS MANAGEMENT COMPANY PRIVATE LIMITED.	Nominee director	08-07-2013	08-07-2013	Active	NO

KEY EXECUTIVES

Name :	Mr. Imtaiyazur Rahman
Designation :	Group President & Chief Financial Officer
Name :	Mr. Anoop Bhaskar
Designation :	Group President & Head - Equity
Name :	Mr. Amandeep S Chopra
Designation :	Group President & Head – Fixed Income
Name :	Mr. Surojit Saha
Designation :	Executive Vice President
Name :	Mr. Ajay Tyagi
Designation :	Senior Vice President
Name :	Mr. Kiran Narendra Vohra
Designation :	Company Secretary
Address :	G-101, Settelite Garden I, Gen A K Vaidya Marg, Goregaon (East), Mumbai - 400063, Maharashtra, India
Date of Birth/Age :	11.04.1962
Date of Appointment :	25.04.2012
PAN No.:	AAAPV8125F

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 22.07.2014

Names of Shareholders	No. of Shares
State Bank of India	23093750
S. Vishvanathan (Nominee of SBI)	31250
Life Insurance Corporation of India	23124999
P. H. Kutumbe (Nominee of LIC)	1
Punjab National Bank	23125000
Bank of Baroda	23093750
V. H. Thatte (Nominee of Bank of Baroda)	31250
T. Rowe Price International Limited	32500000
Total	125000000

As on 22.07.2014

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Public financial companies	18.50
Nationalised or other banks	55.50
Foreign holdings (Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	26.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Subject is engaged in the Investment Management Business and Providing Wealth Management Services.
Products/ Services :	· Investment Management Business · Wealth Management Services
Brand Names :	--
Agencies Held :	--
Exports :	--
Imports :	--
Terms :	--

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference:	Not Divulged
Name of the Person (with Designation):	Not Divulged
Contact Number:	Not Divulged
Since How Long Known:	Not Divulged
Maximum Limit Dealt:	Not Divulged
Experience :	Not Divulged
Remarks :	Not Divulged

Customers :

Reference:	Not Divulged
Name of the Person (with Designation):	Not Divulged
Contact Number:	Not Divulged
Since How Long Known:	Not Divulged
Maximum Limit Dealt:	Not Divulged
Experience :	Not Divulged
Remarks :	Not Divulged

No. of Employees :

Not Divulged

Bankers :

Bank Name:	Not Divulged
Branch:	Not Divulged
Name of the Person (with Designation):	Not Divulged
Contact Number:	Not Divulged
Name of Account Holder:	Not Divulged
Account Number:	Not Divulged
Account Since (Date/ Year of A/c Opening):	Not Divulged
Average Balance Maintained (Optional):	Not Divulged
Credit Facilities Enjoyed (CC/OD/Term Loan):	Not Divulged
Account Operation:	Not Divulged
Remarks: Not Divulged

Facilities :

--

Banking Relations :	--
Auditors :
Name :	Chhajed and Doshi Chartered Accountants
Address :	4, Om Niketan Society, Ram Nagar, Tata Power Lane, Dombivali (East), Dombivali - 421201, Maharashtra, India
Income-tax PAN of auditor or auditor's firm :	AAAFC3606J
Memberships :	--
Collaborators :	--
Subsidiary Companies :	UTI Venture Funds Management Company Private Limited CIN No.: U65991KA2001PTC028827 UTI Retirement Solutions Limited CIN No.: U66020MH2007GOI176785 UTI Capital Private Limited CIN No.: U65900MH2011PTC217430 · UTI International Private Limited · UTI Investment Management Company · UTI Private Equity Advisors · UTI International Limited
Other Related Parties :	· Life Insurance Corporation of India · State Bank Of India · Bank Of Baroda · Punjab National Bank · T Rowe Price International Limited · ASCENT India Fund III · UTI Mutual Fund · India Infrastructure Development Fund · ASCENT India Fund

CAPITAL STRUCTURE

After 22.07.2014

Authorised Capital : Rs. 2000.000 Millions

Issued, Subscribed & Paid-up Capital : Rs. 1263.226 Millions

As on 22.07.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
200,000,000	Equity Shares	Rs.10/- each	Rs. 2000.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
125,000,000	Equity Shares	Rs.10/- each	Rs. 1250.000 Million

FINANCIAL DATA

[all figures are in Rupees Million]

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	1250.000	1250.000	1250.000
(b) Reserves & Surplus	10399.500	9211.400	8189.200
(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)	11649.500	10461.400	9439.200
(3) Non-Current Liabilities
(a) Long-term Borrowings	0.000	0.000	0.000
(b) Deferred Tax Liabilities (Net)	247.200	241.200	186.300
(c) Other Long Term Liabilities	932.500	970.200	847.100
(d) Long-term Provisions	6.600	6.600	6.600
Total Non-current Liabilities (3)	1186.300	1218.000	1040.000
(4) Current Liabilities
(a) Short term Borrowings	0.000	0.000	0.000
(b) Trade Payables	64.500	52.400	42.400
(c) Other Current Liabilities	456.100	449.900	393.600
(d) Short-term Provisions	552.800	514.700	481.100
Total Current Liabilities (4)	1073.400	1017.000	917.100
TOTAL	13909.200	12696.400	11396.300
II. ASSETS
(1) Non-Current Assets
(a) Fixed Assets
(i) Tangible Assets	1894.000	1912.200	1955.900
(ii) Intangible Assets	46.600	8.000	12.800
(iii) Capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under Development	0.000	0.000	0.000
(b) Non-current Investments	3691.800	4529.200	2791.100
(c) Deferred Tax Assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	1495.400	1449.000	1344.900
(e) Other Non-Current Assets	203.500	203.500	202.500
Total Non-Current Assets	7331.300	8101.900	6307.200
(2) Current Assets
(a) Current Investments	6277.800	4250.300	4912.700
(b) Inventories	0.000	0.000	0.000
(c) Trade Receivables	97.800	64.900	60.100
(d) Cash and Cash Equivalents	31.000	59.800	6.500
(e) Short-term Loans and Advances	108.300	110.900	91.500
(f) Other Current Assets	63.000	108.600	18.300
Total Current Assets	6577.900	4594.500	5089.100
TOTAL	13909.200	12696.400	11396.300

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	4568.200	4278.100	3883.800
		Other Income	491.100	652.300	591.300
		TOTAL (A)	5059.300	4930.400	4475.100
Less	EXPENSES
		Employees benefits expense	1729.300	1612.600	1485.500
		Other expenses	863.200	1170.300	1095.000
		Prior Period Items	2.300	9.500	5.300
		TOTAL (B)	2592.500	2782.900	2580.500
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		2466.800	2147.500	1894.600
Less	FINANCIAL EXPENSES (D)		0.000	0.000	0.000
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		2466.800	2147.500	1894.600
Less/ Add	DEPRECIATION/ AMORTISATION (F)		76.100	71.600	80.400
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)		2390.700	2075.900	1814.200
Less	TAX (H)		690.800	586.900	473.300
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)		1699.900	1489.000	1340.900
	EARNINGS IN FOREIGN CURRENCY		25.200	27.200	32.100
	Earnings / (Loss) Per Share (Rs.)		13.60	11.91	10.70

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT/Sales)	(%)	37.21	34.81	34.53
Operating Profit Margin (PBDIT/Sales)	(%)	54.00	50.20	48.78
Return on Total Assets (PBT/Total Assets}	(%)	23.40	25.42	21.08
Return on Investment (ROI) (PBT/Networth)		0.21	0.20	0.19
Debt Equity Ratio (Total Debt/Networth)		0.00	0.00	0.00
Current Ratio (Current Asset/Current Liability)		6.13	4.52	5.55

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	1250.000	1250.000	1250.000
Reserves & Surplus	8189.200	9211.400	10399.500
Net worth	9439.200	10461.400	11649.500
Long-term Borrowings	0.000	0.000	0.000
Short-term Borrowings	0.000	0.000	0.000
Total borrowings	0.000	0.000	0.000
Debt/Equity ratio	0.000	0.000	0.000

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	3883.800	4278.100	4568.200
		10.152	6.781

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	3883.800	4278.100	4568.200
Profit	1340.900	1489.000	1699.900
	34.53%	34.81%	37.21%

LOCAL AGENCY FURTHER INFORMATION

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

INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY

GENERAL INFORMATION ABOUT COMPANY

The UTI Asset Management Company Limited was incorporated on 14^th November 2002 under the Companies Act, 1956, with the object to carry on activities of raising funds for and to render investment management services to schemes of UTI Mutual Fund.

UTI Company is also undertaking portfolio management services to clients under Securities and Exchange Board of India (SEBI) (Portfolio Managers) Regulations, 1993 pursuant to a certificate granted by the SEBI. The Company is registered with SEBI under the SEBI (Mutual Funds) Regulations, 1996. The Company has received a certificate from SEBI to act as Portfolio Manager. The said certificate is valid upto 31.01.2016 and to be renewed thereafter.

The Company has four wholly owned subsidiaries viz. UTI Venture Funds Management Company Private Limited, UTI International Limited, UTI Retirement Solutions Limited and UTI Capital Private Limited.

MANAGEMENT DISCUSSION AND ANALYSIS

DOMESTIC MUTUAL FUND BUSINESS

As of March 31, 2014 UTI Mutual Fund had 115 schemes in operation with Average Asset Under Management (AAUM) at Rs. 742330.000 Million as against Rs. 694500.000 Million in the previous year.

Of the115 Schemes/Plans offered by the UTI-MF, 26 were equity funds; 81 were debt funds; 2 were liquid and hort-term funds; and 6 were balanced/hybrid funds. During the period, 47 Income Schemes were launched which mobilised funds of Rs.84150.000 Million. On the other hand, 22 debt schemes matured or were terminated. The total dividend paid out by all the schemes during the financial year 2013-14 was Rs. 16620.000 Million.

The objective of the fund management in UTI Mutual Fund is to deliver stable and consistent returns in the medium to long term, with a fairly lower level of volatility compared to the broader market. Rigorous in-house research, a process-based approach to investment management, and a focus on asset allocation and sector selection along with stock selection, are undertaken in the endeavour to consistently remain in the top quartile of the peer group of funds.

OFFSHORE FUNDS

The AUM of Offshore Funds amounted to Rs. 6370.000 Millions as on March 31, 2014.

PORTFOLIO MANAGEMENT SERVICES AXEL

UTI PMS division had Assets Under Management / Advise amounting to Rs.149244.400 Million as on March 31, 2014. UTI PMS has 257 active clients which include High Net worth Individuals, Corporates, Institutions, Government Organizations and Overseas Investors. The PMS Division has been growing well over the last few years and established a good track record in terms of performance and diversification of opportunities. This Division aims to provide its clients with investment solutions commensurate with their risk profiles and their return expectations, using research-based valuation and security selection techniques. PMS offers discretionary and research-based advisory services.

INVESTOR REACH AND DISTRIBUTION

As on 31^st March, 2014, UTI MF had 95.57 lakh investor folios. UTI Mutual Fund has always been proactive in its communication with its investors on announcements, services etc. through various mediums.

CONTINGENT LIABILITIES (AS ON 31.03.2014)

(i) Estimated liability for the Consumer Disputes Redressal Forum cases pending in courts for the dispute pertaining to the schemes of UTI Mutual Fund is Rs. 11.500 Millions (Previous Year Rs.11.300 Millions).

Ex-Registrars and Transfer Agents filed a recovery suit of Rs.31.900 Million against the Company, Administrators of SUUTI and UTI Trustee Company Private Limited in the year 2003 regarding termination of their agreement as registrars. The Company also filed a cross suit against them in the Hon'ble Bombay High Court for Rs.13.700 Million for lack of service. Honorable court directed both the parties to frame the issue for arguments. The company is hopeful of a positive outcome in its favour and therefore no provision is made. Net liability is Rs 18.200 Million (Previous Year Rs.18.200 Million)

(ii) The orders cum demand notices for Rs 1.200 Million (Previous Year Rs 5.900 Million) is pending with Income Tax Office TDS on various grounds. The company has filed appeals to the appellate authority on the said orders mentioning that all the payments have been duly complied. The grounds of appeal are well supported in law. As a result, the company does not expect the demand to crystalise into a liability.

Other Contingent Liabilities where impact is not ascertainable comprises:

(i) A case was filed before the CGIT, Mumbai by AIUTEA against the company in respect of left over Class III and Class IV Staff on date demanding pension option. The case is now pending before the Hon'ble Bombay High Court.

(ii) A Special Leave Petition is filed by an investor before Hon'ble Supreme Court of India against the final judgment and order dated 09.10.2006 of Hon'ble Bombay High Court in the matter of winding up of UTI Growth and Value Fund - Bonus Plan w.e.f. 01.02.2005. The matter is pending for argument and final decision before the Hon'ble Supreme Court.

(iii) A case has been filed by UTI Retired and VSS Employees Social Association against the Company before the Hon'ble Bombay High Court for giving a fresh opportunity for pension option after pay revision 2001 and arrears of pension with 12% interest on the same. The case is pending for further proceedings.

(iv) A case has been filed by UTI Retired and VSS Employees Social Association against the Company before the Bombay High Court for payment of dearness allowance with pension or periodic review of the pension. At present the case is pending for further proceedings. As a result, the company does not expect the demand to crystalise into a liability.

(v) There are 12 (Previous Year 13) criminal cases against UTI Mutual Fund or key personnel, relating to normal operation of UTI MF, pending for final outcome.

FIXED ASSETS

Tangible Assets

· Buildings

· Furniture and Fixtures

· Vehicles

· Office Equipment

· Computer Equipments

· Other Equipments

Intangible Assets

· Computer Software

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.62.37
UK Pound	1	Rs.91.60
Euro	1	Rs.66.49

INFORMATION DETAILS

Information Gathered by :	PPT
Analysis Done by :	DIV
Report Prepared by :	MRI

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	8
PAID-UP CAPITAL	1~10	8
OPERATING SCALE	1~10	8
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	8
--PROFITABILITY	1~10	9
--LIQUIDITY	1~10	9
--LEVERAGE	1~10	9
--RESERVES	1~10	9
--CREDIT LINES	1~10	8
--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		76

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.