MIRA INFORM REPORT

Report No. :	317177
Report Date :	15.04.2015

IDENTIFICATION DETAILS

Name :	FLOWMORE LIMITED (w.e.f. 27.06.2008)
Formerly Known As :	FLOWMORE PRIVATE LIMITED
Registered Office :	1584/113, Ganesh Pura, Tri Nagar, Delhi - 110035
Tel No.:	91-124-4563200
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	26.07.1967
Com. Reg. No.:	55-004773
Capital Investment / Paid-up Capital :	Rs. 201.000 Million
CIN No.: [Company Identification No.]	U74899DL1967PTC004773
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	DELF02659G
PAN No.: [Permanent Account No.]	AAACF0876E
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Designing, Manufacturing and Testing of Pumps and Valves.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

Ba (45)

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

Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track record. There seems some dip in the profit of the company during FY 2014. However, net worth of the company is satisfactory. General financial position of the company is good. Trade relations are reported as fair. Business is active. Payments terms are reported to be usually correct. The company can be considered normal for business dealings at usual trade terms and conditions. Note : Management of the company has changed its financial year from December 2012 to March 2014 ranging from (January 2013 to March 2014) for 15 Months

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

Not Available

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 co-operative (91-124-4563200)

LOCATIONS

Registered Office :	1584/113, Ganesh Pura, Tri Nagar, Delhi – 110035, India
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	hpsharma1967@gmail.com
Corporate Office :	443, Udyog Vihar, Phase III, Gurgaon - 122016, Haryana, India
Tel. No.:	91-124-4563200
Fax No.:	91-124-4563299
E-Mail :	corporate@flowmoregroup.com
Factory 1 :	9th Mile Stone, G. T. Road, Sahibaba Extension, P.O. Mohan Nagar, Uttar Pradesh, India
Tel. No.:	91-120-3004320-28
Fax No.:	91-120-3004329
E-Mail :	fplworks@flowgroup.com
Factory 2 :	28/A, Site-4, Sahibabad Industrial Area, Sahibabad, Ghaziabad - 201011, Uttar Pradesh, India
Tel. No.:	91-120-3004658/ 59
Fax No.:	91-120-4155929
E-Mail :	fbmworks@flowgroup.com
Branch Offices :	Located at: Mumbai Chennai Kolkata Dhanbad Ahmedabad Indore Secunderabad Bangalore Raipur Patna Jamshedpur Bhubneshwar Jaipur Ranchi Kanpur

DIRECTORS

As on 31.03.2014

Name :

Mr. Saurabh Gupta

Designation :

Managing director

Address :

6, Shivaji Marg, Rangpuri, New Delhi – 110037, India

Date of Birth/Age :

29.07.1972

Date of Appointment :

01.07.2011

DIN No.:

00764711

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	U74899DL1985PTC021587	FLOWMORE ESTATES PRIVATE LIMITED	Director	12/01/1995	12/01/1995	-	Active	NO
2	U29120DL1973PLC006493	FAIRBANKS MORSE INDIA LIMITED	Director	01/11/2005	01/11/2005	-	Active	NO
3	U74899DL1967PLC004773	FLOWMORE LIMITED	Managing director	01/07/2011	01/11/2005	-	Active	NO
4	U72300DL2006PTC157170	FLOWMORE DESIGN & TECHNOLOGIES PRIVATE LIMITED	Director	29/12/2006	29/12/2006	-	Active	NO
5	U74999DL1973PTC006743	USHAMIL ASSOCIATES PRIVATE LIMITED	Director	29/09/2008	08/10/2007	-	Active	NO
6	U74899DL1979PTC009602	TOTAL ENGINEERING SERVICES PRIVATE LIMITED	Director	08/07/2008	08/10/2007	-	Active	NO
7	U51909DL1996PTC078032	TEMPLETREE POWER CONSTRUCTION PRIVATE LIMITED	Director	08/07/2008	08/10/2007	-	Active	NO
8	U74900DL2009PTC195724	G G ADVISORY SERVICES PRIVATE LIMITED	Director	05/11/2009	05/11/2009	-	Active	NO
9	U74140DL2009PTC195730	R G FREELANCERS PRIVATE LIMITED	Director	05/11/2009	05/11/2009	-	Active	NO
10	U74140DL2009PTC195731	SAURABH ADVISORS PRIVATE LIMITED	Director	05/11/2009	05/11/2009	-	Active	NO
11	U74899DL1992PTC048297	F P L PUMPS AND SPARES PRIVATE LIMITED	Director	28/09/2010	18/02/2010	-	Active	NO
12	U74899DL1989PTC036712	A M ESTATES PRIVATE LIMITED	Director	28/09/2010	05/03/2010	-	Active	NO
13	U74899DL1974PTC007287	DEVSHAKTI HYDRO POWER PRIVATE LIMITED	Director	30/09/2013	01/06/2013	-	Active	NO
14	U70100DL2013PLC253910	FLOWMORE INFRASTRUCTURE LIMITED	Director	13/06/2013	13/06/2013	-	Active	NO

Name :

Mr. Gaurav Gupta

Designation :

Whole-time director

Address :

6, Shivaji Marg, Rangpuri, New Delhi – 110037, India

Date of Birth/Age :

28.12.1970

Date of Appointment :

01.07.2011

DIN No.:

00164590

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	U74899DL1985PTC021587	FLOWMORE ESTATES PRIVATE LIMITED	Director	12/01/1995	12/01/1995	-	Active	NO
2	U74899DL1994PTC061292	FORTUNE FINCAP PRIVATE LIMITED	Director	05/09/1999	05/09/1999	-	Active	NO
3	U65993DL1997PLC089660	UNIFIED HOLDINGS LIMITED	Director	30/03/2001	30/03/2001	-	Active	NO
4	U45201DL1993PTC053533	HOUSTON ESTATES PRIVATE LIMITED	Director	06/02/2004	06/02/2004	-	Active	NO
5	U29120DL1973PLC006493	FAIRBANKS MORSE INDIA LIMITED	Director	01/11/2005	01/11/2005	-	Active	NO
6	U74899DL1967PLC004773	FLOWMORE LIMITED	Whole-time director	01/07/2011	01/11/2005	-	Active	NO
7	U72300DL2006PTC157170	FLOWMORE DESIGN & TECHNOLOGIES PRIVATE LIMITED	Director	29/12/2006	29/12/2006	-	Active	NO
8	U74999DL1973PTC006743	USHAMIL ASSOCIATES PRIVATE LIMITED	Director	29/09/2008	08/10/2007	-	Active	NO
9	U74899DL1979PTC009602	TOTAL ENGINEERING SERVICES PRIVATE LIMITED	Director	08/07/2008	08/10/2007	-	Active	NO
10	U51909DL1996PTC078032	TEMPLETREE POWER CONSTRUCTION PRIVATE LIMITED	Director	08/07/2008	08/10/2007	-	Active	NO
11	U74900DL2009PTC195724	G G ADVISORY SERVICES PRIVATE LIMITED	Director	05/11/2009	05/11/2009	-	Active	NO
12	U74140DL2009PTC195730	R G FREELANCERS PRIVATE LIMITED	Director	05/11/2009	05/11/2009	-	Active	NO
13	U74140DL2009PTC195731	SAURABH ADVISORS PRIVATE LIMITED	Director	05/11/2009	05/11/2009	-	Active	NO
14	U74899DL1992PTC048297	F P L PUMPS AND SPARES PRIVATE LIMITED	Director	28/09/2010	18/02/2010	-	Active	NO
15	U74899DL1989PTC036712	A M ESTATES PRIVATE LIMITED	Director	28/09/2010	05/03/2010	-	Active	NO
16	U74899DL1974PTC007287	DEVSHAKTI HYDRO POWER PRIVATE LIMITED	Director	30/09/2013	01/06/2013	-	Active	NO
17	U70100DL2013PLC253910	FLOWMORE INFRASTRUCTURE LIMITED	Director	13/06/2013	13/06/2013	-	Active	NO

Name :

Mr. Rishabh Gupta

Designation :

Whole-time director

Address :

6, Shivaji Marg, Rangpuri, New Delhi – 110037, India

Date of Birth/Age :

02.02.1978

Date of Appointment :

10.10.2007

DIN No.:

00671390

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	U29120DL1973PLC006493	FAIRBANKS MORSE INDIA LIMITED	Director	01/11/2005	01/11/2005	-	Active	NO
2	U74899DL1967PLC004773	FLOWMORE LIMITED	Whole-time director	10/10/2007	01/11/2005	-	Active	NO
3	U72300DL2006PTC157170	FLOWMORE DESIGN & TECHNOLOGIES PRIVATE LIMITED	Director	29/12/2006	29/12/2006	-	Active	NO
4	U74999DL1973PTC006743	USHAMIL ASSOCIATES PRIVATE LIMITED	Director	29/09/2008	08/10/2007	-	Active	NO
5	U74899DL1979PTC009602	TOTAL ENGINEERING SERVICES PRIVATE LIMITED	Director	08/07/2008	08/10/2007	-	Active	NO
6	U51909DL1996PTC078032	TEMPLETREE POWER CONSTRUCTION PRIVATE LIMITED	Director	08/07/2008	08/10/2007	-	Active	NO
7	U74900DL2009PTC195724	G G ADVISORY SERVICES PRIVATE LIMITED	Director	05/11/2009	05/11/2009	-	Active	NO
8	U74140DL2009PTC195730	R G FREELANCERS PRIVATE LIMITED	Director	05/11/2009	05/11/2009	-	Active	NO
9	U74140DL2009PTC195731	SAURABH ADVISORS PRIVATE LIMITED	Director	05/11/2009	05/11/2009	-	Active	NO
10	U74899DL1992PTC048297	F P L PUMPS AND SPARES PRIVATE LIMITED	Director	28/09/2010	18/02/2010	-	Active	NO
11	U74899DL1989PTC036712	A M ESTATES PRIVATE LIMITED	Director	28/09/2010	05/03/2010	-	Active	NO
12	U74899DL1985PTC021587	FLOWMORE ESTATES PRIVATE LIMITED	Director	28/09/2010	15/05/2010	-	Active	NO
13	U74899DL1974PTC007287	DEVSHAKTI HYDRO POWER PRIVATE LIMITED	Director	30/09/2013	01/06/2013	-	Active	NO
14	U70100DL2013PLC253910	FLOWMORE INFRASTRUCTURE LIMITED	Director	13/06/2013	13/06/2013	-	Active	NO

Name :

Mr. Mahesh Prasad Gupta

Designation :

Whole-time director

Address :

6, Shivaji Marg, Rangpuri, New Delhi – 110037, India

Date of Birth/Age :

28.04.1922

Date of Appointment :

26.07.1967

DIN No.:

01058574

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	U74899DL1967PLC004773	FLOWMORE LIMITED	Whole-time director	26/07/1967	26/07/1967	-	Active	NO
2	U29120DL1973PLC006493	FAIRBANKS MORSE INDIA LIMITED	Director	20/02/1973	20/02/1973	-	Active	NO
3	U74999DL1973PTC006743	USHAMIL ASSOCIATES PRIVATE LIMITED	Director	30/07/1973	30/07/1973	-	Active	NO
4	U74899DL1974PTC007287	DEVSHAKTI HYDRO POWER PRIVATE LIMITED	Director	29/05/1974	29/05/1974	-	Active	NO
5	U74899DL1979PTC009602	TOTAL ENGINEERING SERVICES PRIVATE LIMITED	Director	17/05/1979	17/05/1979	-	Active	NO
6	U74899DL1989PTC036712	A M ESTATES PRIVATE LIMITED	Director	30/04/1990	30/04/1990	-	Active	NO
7	U51909DL1996PTC078032	TEMPLETREE POWER CONSTRUCTION PRIVATE LIMITED	Director	11/04/1996	11/04/1996	-	Active	NO
8	U74899DL1992PTC048297	F P L PUMPS AND SPARES PRIVATE LIMITED	Director	31/08/2006	31/08/2006	-	Active	NO
9	U72300DL2006PTC157170	FLOWMORE DESIGN & TECHNOLOGIES PRIVATE LIMITED	Director	29/12/2006	29/12/2006	-	Active	NO

Name :

Mr. Faheem Haider

Designation :

Director

Address :

16/485 Vasundra Ghazibad-201010, Uttar Pradesh, India

Date of Birth/Age :

30.11.1954

Date of Appointment :

27.05.2013

DIN No.:

01100813

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	U74999DL1973PTC006743	USHAMIL ASSOCIATES PRIVATE LIMITED	Director	01/06/2005	01/06/2005	-	Active	NO
2	U74899DL1992PTC048297	F P L PUMPS AND SPARES PRIVATE LIMITED	Director	31/08/2006	31/08/2006	05/03/2010	Active	NO
3	U29120DL1973PLC006493	FAIRBANKS MORSE INDIA LIMITED	Director	28/09/2012	25/08/2012	-	Active	NO
4	U74899DL1967PLC004773	FLOWMORE LIMITED	Director	27/05/2013	25/08/2012	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Gautam Singh Karnawat
Designation :	Company Secretary
Address :	UU- 142, Pitampura, New Delhi – 110034, India
Date of Birth/Age :	18.07.1963
Date of Appointment :	25.02.2010
PAN No.:	AJJPK7733N

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 31.07.2014

Names of Shareholders	No. of Shares
GG Advisory Private Limited, India	4280000
RG Freelancers Private Limited, India	4280000
Saurabh Advisors Private Limited, India	4280000
Janak Gupta and Rishabh Gupta	500490
Janak Gupta and Saurabh Gupta	320490
Janak Gupta and Gaurav Gupta	302220
Saurabh Gupta	1997070
Rishabh Gupta	1899510
Gaurav Gupta	1997070
Gaurav Gupta and Janak Gupta	100710
Saurabh Gupta and Janak Gupta	82440
Sanchyita Tradelink Private Limited, India	60000
Total	20100000

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Bodies corporate	64.19
Directors or relatives of Directors	35.81
Total	100.00

BUSINESS DETAILS

Line of Business :

Designing, Manufacturing and Testing of Pumps and Valves.

Products :

Item Code No. (ITC Code)	Product Description
99611892	Designing, Manufacturing and Testing of Pumps and Valves

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Selling :

Not Divulged

Purchasing :

Not Divulged

PRODUCTION STATUS NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :	Not Divulged
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

Customers :

Reference :	Not Divulged
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

No. of Employees :

Not Divulged

Bankers :

· Standard Chartered Bank, Narain Manzil, 23, Barakhamba Road, New Delhi - 110001, India

· Yes Bank Limited, 9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai - 400018, Maharashtra, India

· Canara Bank, F-19, Connaught Circus, New Delhi - 110001, India

Facilities :

(Rs. In Million)

SECURED LOAN	As on 31.03.2014	As on 31.12.2012
Long Term Borrowing
Rupee term loans from banks	59.727	120.878
Loans taken for fixed assets	17.911	9.644
Short Term Borrowing
Other loans and advances	863.510	889.398
Total	941.148	1019.920

Auditors :
Name :	D. Ostwal and Associates Chartered Accountants
Address :	303-304, Dakha Chambers, Nalwa Street, Karol Bagh, New Delhi - 110005, India
Income-tax PAN of auditor or auditor's firm :	AABFD7566P
Memberships :	Not Available
Collaborators :	Not Available
Subsidiaries :	Fairbanks Morse India Limited [CIN No.:U29120DL1973PLC006493]
Associates :	Flowmore Design and Technologies Private Limited [CIN No.: U72300DL2006PTC157170] A M Estates Private Limited [CIN No.: U74899DL1989PTC036712] Flowmore Estates Private Limited [CIN No.: U74899DL1985PTC021587] Ushvin Hydro Systems Private Limited [CIN No.: U74999DL1973PTC006743] Total Engineering Services Private Limited [CIN No.: U74899DL1979PTC009602] G G Advisory Services Private Limited [CIN No.: U74900DL2009PTC195724] Saurabh Advisors Private Limited [CIN No.: U74140DL2009PTC195731] R G Freelancers Private Limited [CIN No.: U74140DL2009PTC195730]

CAPITAL STRUCTURE

As on 31.07.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
20,100,000	Equity Shares	Rs.10/- each	Rs.201.000 million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
20,100,000	Equity Shares	Rs.10/- each	Rs.201.000 million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014 (15 Months)	31.12.2012	31.12.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	201.000	160.500	160.500
(b) Reserves & Surplus	770.012	707.833	613.858
(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)	971.012	868.333	774.358
(3) Non-Current Liabilities
(a) long-term borrowings	77.638	130.522	136.374
(b) Deferred tax liabilities (Net)	20.222	1.318	-1.684
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	97.860	131.840	134.690
(4) Current Liabilities
(a) Short term borrowings	878.293	902.262	621.955
(b) Trade payables	1200.801	824.766	741.652
(c) Other current liabilities	185.153	191.473	169.731
(d) Short-term provisions	27.136	21.500	25.989
Total Current Liabilities (4)	2291.383	1940.001	1559.327
TOTAL	3360.255	2940.174	2468.375
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	364.781	277.607	160.711
(ii) Intangible Assets	1.281	1.558	0.615
(iii) Capital work-in-progress	0.000	60.037	117.089
(iv) Intangible assets under development	0.000	0.626	0.616
(b) Non-current Investments	7.923	7.923	7.923
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000	0.000
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	373.985	347.751	286.954
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	721.585	600.277	597.868
(c) Trade receivables	1893.264	1700.347	1383.554
(d) Cash and cash equivalents	70.593	50.554	29.162
(e) Short-term loans and advances	220.358	187.833	169.347
(f) Other current assets	80.470	53.412	1.490
Total Current Assets	2986.270	2592.423	2181.421
TOTAL	3360.255	2940.174	2468.375

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014 (15 Months)	31.12.2012	31.12.2011
	SALES
		Income	3582.120	2656.290	2003.691
		Other Income	9.017	4.161	5.819
		TOTAL	3591.137	2660.451	2009.510
Less	EXPENSES
		Cost of Materials Consumed	2462.262	1713.178	1488.698
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(150.223)	56.632	(113.406)
		Employees benefits expense	259.803	184.274	135.999
		Other expenses	609.631	399.956	284.972
		TOTAL	3181.473	2354.040	1796.263
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		409.664	306.411	213.247
Less	FINANCIAL EXPENSES		253.121	168.385	113.646
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		156.543	138.026	99.601
Less/ Add	DEPRECIATION/ AMORTISATION		66.915	31.718	20.657
	PROFIT BEFORE TAX		89.628	106.308	78.944
Less	TAX		45.882	24.501	14.805
	PROFIT AFTER TAX		43.746	81.807	64.139
	Earnings Per Share (Rs.)		3.54	5.86	--

KEY RATIOS

PARTICULARS		31.03.2014 (15 Months)	31.12.2012	31.12.2011
Net Profit Margin (PAT / Sales)	(%)	1.22	3.08	3.20
Operating Profit Margin (PBDIT/Sales)	(%)	11.44	11.54	10.64
Return on Total Assets (PBT/Total Assets}	(%)	2.67	3.70	3.37
Return on Investment (ROI) (PBT/Networth)		0.09	0.12	0.10
Debt Equity Ratio (Total Debt /Networth)		0.98	1.19	0.98
Current Ratio (Current Asset/Current Liability)		1.30	1.34	1.40

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.12.2011	31.12.2012	31.03.2014 (15 Months)
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	160.500	160.500	201.000
Reserves & Surplus	613.858	707.833	770.012
Net worth	774.358	868.333	971.012
long-term borrowings	136.374	130.522	77.638
Short term borrowings	621.955	902.262	878.293
Total borrowings	758.329	1032.784	955.931
Debt/Equity ratio	0.979	1.189	0.984

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.12.2011	31.12.2012	31.03.2014 (15 Months)
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	2003.691	2656.290	3582.120
		32.570	34.854

NET PROFIT MARGIN

Net Profit Margin	31.12.2011	31.12.2012	31.03.2014 (15 Months)
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	2003.691	2656.290	3582.120
Profit	64.139	81.807	43.746
	3.20%	3.08%	1.22%

LOCAL AGENCY FURTHER INFORMATION

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

Note:

Registered office of the company has been shifted from Plot No.-14, Block-B/II, Mohan Co-Operative Industrial Estate, New Delhi-110044, Delhi, India to the present address w.e.f.01.05.2013

OPERATIONS

The net profit before tax is Rs. 89.627 Million as compared to last year profit of Rs. 106.308 Million. The Company expects good and profitable results in future.

(Rs. In Million)

UNSECURED LOAN	As on 31.03.2014	As on 31.12.2012
Short Term Borrowing
Other loans and advances	14.783	12.864
Total	14.783	12.864

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10545165	30/12/2014	1,725,000.00	Canara Bank	F-19, Connaught Circus,, New Delhi, Delhi - 110001 , INDIA	C41481060
2	10475401	23/12/2013	40,000,000.00	Canara Bank	F-19,, Connaught Circus, New Delhi, Delhi - 110001, INDIA	B95436374
3	10450721	17/09/2013	2,270,000.00	Canara Bank	F-19,, Connaught Circus, New Delhi, Delhi - 110001, INDIA	B85601532
4	10381714	26/02/2014 *	3,840,000,000.00	Canara Bank (Lead Bank of Consortium)	F-19,, Connaught Circus, New Delhi, Delhi - 110001, INDIA	C00138768
5	10374353	17/07/2012	90,000,000.00		HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra - 400013, INDIA	B57206146
6	10338359	02/01/2012	200,000,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra - 400013, INDIA	B33326901
7	10298610	04/07/2011	500,000,000.00	UNION BANK OF INDIA	M-11, 1ST FLOOR, MIDDLE CIRCLE, CONNAUGHT CIRCUS,  NEW DELHI, Delhi - 110001, INDIA	B17380866
8	10232136	12/07/2010	25,000,000.00	BARCLAYS BANK PLC	EROS CORPORATE TOWERS, NEHRU PLACE, NEW DELHI-19,  NEW DELHI, Delhi - 110019, INDIA	A90793845
9	10215948	07/12/2011 *	112,500,000.00	STANDARD CHARTERED BANK (Acting as an agent of Standard Chartered Bank (Mauritius) Limited)	CREDIT DOCUMENTATION UNIT, NARAIN MANZIL, 23 BARA  KHAMBA ROAD, NEW DELHI, Delhi - 110001, INDIA	B27834431
10	10095026	05/02/2008	5,000,000.00	SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA	GROUND FLOOR, VIDEOCON TOWER,, E-1, RANI JHANSI R  OAD, JHANDEWALAN EXT., NEW DELHI, Delhi - 110055,  INDIA	A35202738

* Date of charge modification

FIXED ASSETS

· Land

· Buildings

· Factory building

· Plant and equipment

· Vehicles

· Office equipment

· Books periodicals

· Plantations

· Goodwill

· 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.62.38
UK Pound	1	Rs.91.06
Euro	1	Rs.66.16

INFORMATION DETAILS

Information Gathered by :	KMN
Analysis Done by :	DIV
Report Prepared by :	JYTK

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	4
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	5
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	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		44

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.