MIRA INFORM REPORT

Report No. :	334753
Report Date :	07.08.2015

IDENTIFICATION DETAILS

Name :	SANDHAR TECHNOLOGIES LIMITED SANDHAR COMPONENTS DIVISION OF SANDHAR TECHNOLOGIES LIMITED
Registered Office :	C-101 A, Ansal Plaza, HUDCO Place, Khelgaon Marg, New Delhi – 110049
Tel. No.:	91-124-4959904
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	19.10.1987
Com. Reg. No.:	55-029553
Capital Investment / Paid-up Capital :	Rs.93.738 Million
CIN No.: [Company Identification No.]	U34360DL1987PLC029553
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAACS0512J
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Subject is engaged is primarily engaged in the manufacturing and assembling of automotive components such as locksets, mirrors and various sheet metal components for two wheelers and four wheelers segments.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (53)

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

Maximum Credit Limit :	USD 5600000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is an old and established company incorporated during the year 1987 having a good track record. The rating reflect company sound financial risk profile marked by healthy net worth position and good profitability margin of the company. Trade relations are reported as fair. Business is active. Payment terms are reported to be regular and as per commitment. In view of sound financial base, the company can be considered normal for business dealings at usual trade terms and conditions.

NOTES:

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

ECGC Country Risk Classification List – March 31, 2015

Country Name	Previous Rating (31.12.2014)	Current Rating (31.03.2015)
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	Long Term = A+
Rating Explanation	Adequate degree of safety and low credit risk.
Date	20.07.2015
Rating Agency Name	ICRA
Rating	Short Term = A1
Rating Explanation	Very strong degree of safety and carry lowest credit risk.
Date	20.07.2015

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 31-03-2013.

LOCATIONS

Registered Office :	C-101 A, Ansal Plaza, HUDCO Place, Khelgaon Marg, New Delhi – 110049, India
Tel. No.:	91-124-4959904
Fax No.:	Not Available
E-Mail :	info@sandhar.in vinita.shaw@sandhar.in
Website :	http://www.sldl.com
Corporate Office/Head Office :	13 , Sector - 44, Gurgaon - 122 002, Haryana, India
Tel. No.:	91-124-4518900 / 91
Fax No.:	91-124-4012845
E-Mail :	enquiries@sandhar.in
Distribution Division	Block - C-48, Ansals Palam Udyog, Sector - 18, Gurgaon – 122015, Haryana, India
Tel. No.:	91-124-6465520
Email:	customercare.dd@sandhar.in
Factory 1:	Plot No 24-25, Sector 3, IMT Manesar, Gurgaon-122050, Haryana, India
Factory 2:	Located at Pune Maharashtra, India

DIRECTORS

As on: 09.07.2014

Name :

Mr. Dharmendar Nath Davar

Designation :

Director

Address :

B-5/82, Safdarjung Enclave, New Delhi – 110029, India

Date of Birth/Age :

08.08.1934

Date of Appointment :

02.07.1994

DIN No.:

00002008

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	L26942OR1949PLC000185	OCL INDIA LIMITED	Director	26/05/1994	26/05/1994	-	Active	NO
2	U34360DL1987PLC029553	SANDHAR TECHNOLOGIES LIMITED	Director	02/07/1994	02/07/1994	-	Active	NO
3	L55101RJ1970PLC001294	MANSINGH HOTELS AND RESORTS LIMITED	Director	13/08/1994	13/08/1994	-	Active	NO
4	L23109MP1972PLC008290	HEG LIMITED	Director	10/11/1994	10/11/1994	-	Active	NO
5	L45101DL1967PLC004759	ANSAL PROPERTIES AND INFRASTRUCTURE LIMITED	Director	16/08/1995	16/08/1995	-	Active	NO
6	U74899DL1991PLC046774	HERO FINCORP LIMITED	Director	30/08/1995	30/08/1995	-	Active	NO
7	U74899HR1991PTC039797	S P WAHI MANAGEMENT AND TECHNOLOGY CONSULTANTS PRIVATE LIMITED	Director	09/04/1997	09/04/1997	27/02/2014	Active	NO
8	U74899DL2000PLC106824	SANDHAR INFOSYSTEMS LIMITED.	Director	17/07/2000	17/07/2000	08/02/2012	Active	NO
9	U28939DL2002PTC114374	SANDHAR TOOLING PRIVATE LIMITED	Director	07/06/2002	07/06/2002	23/05/2014	Active	NO
10	U36991HP1995PLC031163	JAIPRAKASH POWER VENTURES LIMITED	Director	21/09/2002	21/09/2002	25/01/2008	Amalgamated	NO
11	L14106UP1995PLC019017	JAIPRAKASH ASSOCIATES LIMITED	Director	21/09/2002	21/09/2002	25/01/2008	Active	NO
12	U55101TN1970PLC005815	ADYAR GATE HOTELS LIMITED	Director	04/06/2004	04/06/2004	-	Active	NO
13	L40101HP1994PLC015483	JAIPRAKASH POWER VENTURES LIMITED	Director	25/09/2004	25/09/2004	25/01/2008	Active	NO
14	L17124MP1989PLC008255	MARAL OVERSEAS LIMITED	Director	28/09/2004	28/09/2004	-	Active	NO
15	L17115RJ1960PLC008216	RSWM LIMITED	Director	10/11/2004	10/11/2004	-	Active	NO
16	L24239DL1992PLC047245	AHLCON PARENTERALS (INDIA) LIMITED	Director	28/10/2006	28/10/2006	08/08/2008	Active	NO
17	U72200DL1994PTC181176	MOBISOFT TELESOLUTIONS PRIVATE LIMITED	Director	01/11/2006	01/11/2006	25/02/2011	Active	NO
18	L27320WB1997PLC084819	TITAGARH WAGONS LIMITED	Director	18/08/2007	08/12/2006	-	Active	NO
19	L13100DL1976PLC188942	LANDMARK PROPERTY DEVELOPMENT COMPANY LIMITED	Director	22/09/2008	29/01/2008	-	Active	NO
20	U55204DL2007PLC170126	PARSVNATH HOTELS LIMITED	Director	28/08/2008	19/06/2008	03/08/2013	Active	NO
21	U45200DL2006PLC154061	PARSVNATH INFRA LIMITED	Director	28/08/2008	29/07/2008	06/11/2013	Active	NO
22	L28910WB1943PLC168801	CIMMCO LIMITED	Director	05/12/2011	31/03/2011	-	Active	NO
23	U70109WB2008PLC128968	TITAGARH MARINE LIMITED	Director	30/09/2013	05/08/2013	-	Active	NO

Name :

Mr. Arvind Pande

Designation :

Director

Address :

E-148, First Floor, East of Kailash, New Delhi – 110065, India

Date of Birth/Age :

07.09.1942

Date of Appointment :

14.03.2003

DIN No.:

00007067

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	L65920MH1994PLC080618	HDFC BANK LIMITED	Director	15/01/2003	15/01/2003	14/01/2011	Active	NO
2	U34360DL1987PLC029553	SANDHAR TECHNOLOGIES LIMITED	Director	14/03/2003	14/03/2003	-	Active	NO
3	L51109OR1996PLC004601	VISA STEEL LIMITED	Director	06/10/2004	06/10/2004	17/08/2010	Active	NO
4	L74899DL1990PLC041350	ERA INFRA ENGINEERING LIMITED	Director	19/03/2005	19/03/2005	-	Active	NO
5	L27104WB1986PLC040831	BURNPUR CEMENT LIMITED	Director	19/09/2007	05/10/2006	26/06/2009	Active	NO
6	L23109WB1973GOI028844	COAL INDIA LTD GOVT OF INDIA UNDERTAKING	Director	24/08/2007	24/08/2007	23/08/2010	Active	NO
7	U35303WB2007PLC117120	BENGAL AEROTROPOLIS PROJECTS LIMITED	Director	27/09/2008	26/12/2007	-	Active	NO
8	L27320WB1997PLC084819	TITAGARH WAGONS LIMITED	Director	15/09/2012	24/03/2012	02/08/2013	Active	NO
9	U27100GJ1976FLC013787	ESSAR STEEL INDIA LIMITED	Director	28/09/2013	29/05/2013	-	Active	NO

Name :

Mr. Gaurav Dalmia

Designation :

Nominee director

Address :

Dalmia House, 20F Prithvi Raj Road, New Delhi – 110011, India

Date of Birth/Age :

26.09.1965

Date of Appointment :

30.03.2012

DIN No.:

00009639

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	U28991WB1948PTC191241	DALMIA AGENCIES PRIVATE LIMITED	Director	01/01/1984	01/01/1984	17/07/2012	Active	NO
2	U74899DL1980PTC010770	ARTECH INFOSYSTEMS PRIVATE LIMITED	Director	22/09/1992	22/09/1992	17/03/2010	Active	NO
3	U67190MH1992PLC068970	PARAG PARIKH FINANCIAL ADVISORY SERVICES LIMITED	Director	02/04/1993	02/04/1993	22/03/2010	Active	NO
4	U74899DL1994PLC057651	FIRST CAPITAL INDIA LIMITED	Director	02/03/1994	02/03/1994	-	Active	NO
5	U67120MH1999PTC209227	INFINITY TECHNOLOGY INVESTMENTS PRIVATE LIMITED	Director	07/04/1999	07/04/1999	05/06/2014	Active	NO
6	U65991MH1999PTC121901	INFINITY TECHNOLOGY TRUSTEE PRIVATE LIMITED	Director	23/09/1999	23/09/1999	05/06/2014	Active	NO
7	U01909DL1984PLC022836	DEBI KAY SYSTEMS LIMITED	Director	19/07/2001	19/07/2001	29/03/2014	Active	NO
8	U45201DL2003PTC122238	LANDMARK LAND HOLDINGS PRIVATE LIMITED	Director	29/10/2003	29/10/2003	-	Active	NO
9	U74140DL1996PTC077998	SKYLARK CONSULTANTS (INDIA) PRIVATE LIMITED	Director	01/09/2004	01/09/2004	-	Active	NO
10	U72200DL2004PTC130887	ARTECH STEEL INDUSTRIES PRIVATE LIMITED	Director	01/12/2004	01/12/2004	17/03/2010	Active	NO
11	U67190MH2000PTC123712	INDIA VALUE FUND ADVISORS PRIVATE LIMITED	Director	10/01/2005	10/01/2005	-	Active	NO
12	U67190MH2004PLC150329	CAPITAL FIRST INVESTMENT ADVISORY LIMITED	Director	22/02/2005	22/02/2005	08/12/2007	Active	NO
13	U45201DL2005PTC136590	ASTIR PROPERTIES PRIVATE LIMITED	Director	24/05/2005	24/05/2005	-	Active	NO
14	U45201DL2004PTC129188	ANSAL LANDMARK TOWNSHIPS PRIVATE LIMITED	Director	10/11/2005	10/11/2005	-	Active	NO
15	U45201DL2006PTC146089	VIPUL SEZ DEVELOPERS PRIVATE LIMITED	Director	19/04/2006	19/04/2006	24/09/2010	Active	NO
16	U70101DL2006PTC148590	GD SECURITIES PRIVATE LIMITED	Director	26/05/2006	26/05/2006	19/04/2008	Active	NO
17	U70109MH2006PTC190933	DAZZLING PROPERTIES PRIVATE LIMITED	Director	26/10/2007	10/08/2006	02/12/2008	Active	NO
18	U70109DL2006PTC151861	FAST TRACK REALTORS PRIVATE LIMITED	Director	10/08/2006	10/08/2006	19/12/2006	Active	NO
19	U70109DL2006PTC152606	LANDMARK HI TECH DEVELOPMENT PRIVATE LIMITED	Director	28/08/2006	28/08/2006	-	Active	NO
20	U70104DL2006PTC153985	NEW LINE BUILDTECH PRIVATE LIMITED	Director	16/09/2006	16/09/2006	-	Active	NO
21	U70109DL2006PTC155053	TREASURED DEVELOPERS PRIVATE LIMITED	Director	27/10/2006	27/10/2006	19/12/2006	Active	NO
22	U45200DL2007PTC157597	KHUSHHAL DEVELOPERS PRIVATE LIMITED	Director	09/01/2007	09/01/2007	01/01/2008	Active	NO
23	U45200DL2007PTC157640	SAMRIDHI TOWNSHIPS PRIVATE LIMITED	Director	10/01/2007	10/01/2007	05/04/2008	Active	NO
24	U70100PB2005PTC029238	SUKHM INFRASTRUCTURES PRIVATE LIMITED	Director	28/05/2010	12/01/2007	18/09/2012	Active	NO
25	U45200DL2007PTC157944	PLUS ONE REALTORS PRIVATE LIMITED	Director	16/01/2007	16/01/2007	-	Active	NO
26	U70109DL2007PTC158031	MANBHAWAN PROPERTIES PRIVATE LIMITED	Director	17/01/2007	17/01/2007	01/01/2008	Active	NO
27	U70109DL2006PTC152961	NEW LINE DEVELOPERS PRIVATE LIMITED	Director	16/09/2013	07/03/2007	21/03/2014	Active	NO
28	U74140MH2006PTC164125	IVF ADVISORS PRIVATE LIMITED	Director	21/06/2007	21/06/2007	-	Active	NO
29	U70101OR1982PTC001037	SAFARI RETREATS PRIVATE LIMITED	Director	30/09/2008	07/08/2007	-	Active	NO
30	U70109DL2007PTC170699	LANDMARK REALTECH PRIVATE LIMITED	Director	23/11/2007	23/11/2007	-	Active	NO
31	L13100DL1976PLC188942	LANDMARK PROPERTY DEVELOPMENT COMPANY LIMITED	Managing director	16/05/2014	29/01/2008	-	Active	NO
32	U45201PN2005PTC020918	KUMAR BUILDERS TOWNSHIP VENTURES PRIVATE LIMITED	Director	29/09/2008	16/06/2008	-	Active	NO
33	U70101PN1993PTC072139	KUMAR URBAN DEVELOPMENT PRIVATE LIMITED	Director	25/09/2009	26/08/2009	08/03/2013	Active	NO
34	L01110MH2006PLC161345	BAJAJ CORP LIMITED	Director	25/06/2010	04/02/2010	-	Active	NO
35	L29299OR1948PLC000713	HARI MACHINES LIMITED.	Director	18/09/2010	11/05/2010	-	Active	NO
36	L26942OR1949PLC000185	OCL INDIA LIMITED	Managing director	17/09/2010	21/07/2010	-	Active	NO
37	U13100WB2010PTC153241	PRO MINERALS PRIVATE LIMITED	Director	30/09/2011	28/09/2010	-	Active	NO
38	U51109WB1990PTC049414	AAYUSH MANUFACTURERS AND FINANCIERS PRIVATE LIMITED.	Director	09/12/2010	09/12/2010	-	Active	NO
39	U24233WB1996PTC076723	NOBEL CONSULTANCY PRIVATE LIMITED	Director	09/12/2010	09/12/2010	-	Active	NO
40	U67120WB1995PTC110837	T R INVESTMENTS PRIVATE LIMITED	Director	09/12/2010	09/12/2010	-	Active	NO
41	U27109WB1995PTC067578	KHAITAN UDYOG PRIVATE LIMITED	Director	09/12/2010	09/12/2010	-	Active	NO
42	U55101DL2010PTC211816	SAMHI HOTELS PRIVATE LIMITED	Director	12/09/2011	13/04/2011	-	Active	NO
43	U18109TN2006PLC061384	RAYMOND APPAREL LIMITED	Director	28/07/2011	27/07/2011	-	Active	NO
44	U51101WB2010PTC142948	GENUINE DEALCOMM PRIVATE LIMITED	Director	18/08/2011	18/08/2011	-	Active	NO
45	U45400WB2009PTC133461	JAGANNATH ABASAN PRIVATE LIMITED	Director	25/08/2011	25/08/2011	-	Active	NO
46	U70100DL2011PTC217081	ANSAL LANDMARK (KARNAL) TOWNSHIP PRIVATE LIMITED	Director	19/06/2012	29/12/2011	-	Active	NO
47	U34360DL1987PLC029553	SANDHAR TECHNOLOGIES LIMITED	Nominee director	30/03/2012	30/03/2012	-	Active	NO
48	U51909WB1989PTC047900	RITESHWARI TRADING AND INVESTMENTS PRIVATE LIMITED	Director	30/07/2013	30/07/2013	-	Active	NO
49	U52100WB2011PTC158145	PINAKINI MERCANTILE PRIVATE LIMITED	Director	30/07/2013	30/07/2013	-	Active	NO
50	U52190WB2011PTC158234	ACHINTYA TRADING PRIVATE LIMITED	Director	30/07/2013	30/07/2013	-	Active	NO
51	U70109WB1993PTC060083	SHIVSHAKTI COMMUNICATION AND INVESTMENT PRIVATE LIMITED	Director	09/08/2013	09/08/2013	-	Active	NO
52	U74140WB2010PTC142325	CONFIRM DEVELOPERS CONSULTANTS PRIVATE LIMITED	Director	09/08/2013	09/08/2013	-	Active	NO
53	U15490DL2010PTC198831	BRATTLE FOODS PRIVATE LIMITED	Nominee director	10/03/2014	18/11/2013	20/03/2014	Active	NO
54	U74999WB2011PTC168478	STEEL PLANTECH ENGINEERING INDIA PRIVATE LIMITED	Additional director	03/02/2014	03/02/2014	-	Active	NO
55	AAA-5177	GTI CAPITAL ADVISORY SERVICES (INDIA) LLP	Designated Partner	14/06/2011	14/06/2011	-	Active	NO

Name :

Mr. Chandra Mohan

Designation :

Director

Address :

202, Sector 36A, Chandigarh, Union Teritory – 160036, India

Date of Birth/Age :

30.12.0932

Date of Appointment :

02.02.1993

DIN No.:

00017621

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	L34300HR1983PLC023187	RICO AUTO INDUSTRIES LIMITED	Director	30/01/1985	30/01/1985	29/09/2012	Active	NO
2	U74210HP1985PLC006361	ENGINEERING INNOVATIONS LTD	Director	07/10/1985	07/10/1985	-	Active	NO
3	U34360DL1987PLC029553	SANDHAR TECHNOLOGIES LIMITED	Director	02/02/1993	02/02/1993	-	Active	NO
4	L17115CH1990PLC010566	WINSOME YARNS LIMITED	Director	24/07/1998	24/07/1998	03/09/2013	Active	NO
5	U74999DL1990PLC041398	DCM ENGINEERING LIMITED	Director	23/06/2001	23/06/2001	-	Active	NO
6	U72200DL1994PTC181176	MOBISOFT TELESOLUTIONS PRIVATE LIMITED	Additional director	13/12/2011	04/12/2002	24/02/2012	Active	NO
7	L33302HP1981PLC008123	KDDL LIMITED	Director	17/06/2003	17/06/2003	-	Active	NO
8	U73100DL1997PTC089347	MIRA EXPLORATIONS PRIVATE LIMITED.	Director	27/12/2003	27/12/2003	30/12/2011	Active	NO
9	L24116PB1986PLC007030	IOL CHEMICALS AND PHARMACEUTICALS LIMITED	Director	27/10/2005	27/10/2005	-	Active	NO
10	U15420PB2005PLC029046	TRIDENT AGRITECH LIMITED	Director	30/09/2006	29/10/2005	31/12/2007	Amalgamated	NO
11	L17115HP1980PLC005647	WINSOME TEXTILE INDUSTRIES LIMITED	Additional director	31/01/2007	31/01/2007	-	Active	NO
12	L29211PB1970PLC002942	PUNJAB TRACTORS LIMITED	Director	22/09/2007	14/07/2007	-	Amalgamated	NO
13	U64204DL2009PTC189456	NEXTGEN TELESOLUTIONS PRIVATE LIMITED	Director	17/04/2009	17/04/2009	-	Active	NO

Name :

Mr. Satyapal Wahi

Designation :

Director

Address :

Villa No. 8/C, Ardee City Sector 52, Gurgaon Haryana – 122003, India

Date of Birth/Age :

06.11.1929

Date of Appointment :

02.07.1994

DIN No.:

00083488

Name :

Mr. Arvind Kapur

Designation :

Director

Address :

181- C Western Avenue Sanik, Farms, New Delhi – 110062, India

Date of Birth/Age :

05.07.1950

Date of Appointment :

01.10.2005

DIN No.:

00096308

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	U27105PB1983PTC005332	KAPSONS ASSOCIATES INVESTMENTS PRIVATE LIMITED	Director	07/03/1983	07/03/1983	-	Active	NO
2	L34300HR1983PLC023187	RICO AUTO INDUSTRIES LIMITED	Managing director	10/11/2012	10/03/1983	-	Active	NO
3	U34300DL1986PLC023498	UNITECH MACHINES LIMITED	Director	23/10/1987	23/10/1987	-	Active	NO
4	U34300HR1997PLC035283	FCC RICO LIMITED	Director	27/02/1997	27/02/1997	-	Active	NO
5	U67120DL2001PTC110707	KDB INVESTMENTS PRIVATE LIMITED	Director	04/05/2001	04/05/2001	-	Active	NO
6	U74899DL1990PTC038893	HIGAIN INVESTMENTS PRIVATE LIMITED	Director	11/08/2001	11/08/2001	-	Active	NO
7	U99999DL1959PLC176013	AUTOMOTIVE COMPONENT MANUFACTURERS ASSOCIATION OF INDIA	Director	02/09/2003	02/09/2003	05/09/2013	Active	NO
8	U34360DL1987PLC029553	SANDHAR TECHNOLOGIES LIMITED	Director	01/10/2005	01/10/2005	-	Active	NO
9	U70101DL1996PTC077415	MAGPIE PROPERTIES PRIVATE LIMITED	Director	01/11/2006	01/11/2006	-	Active	NO
10	U29253HR2007PLC036910	UTTARAKHAND AUTOMOTIVES LIMITED	Director	04/06/2007	04/06/2007	01/04/2009	Active	NO
11	U34200HR2007PLC037021	RICO JINFEI WHEELS LIMITED	Director	16/07/2007	16/07/2007	-	Active	NO
12	U45400HR2007PTC037085	HARIDWAR ESTATES PRIVATE LIMITED	Director	06/08/2007	06/08/2007	-	Active	NO
13	U74120HR2007PLC037192	RASA AUTOCOM LIMITED	Director	05/09/2007	05/09/2007	01/04/2009	Active	NO
14	U22300HR2007PLC037454	OCTAN MEDIA LIMITED	Director	10/12/2007	10/12/2007	-	Active	NO
15	U74900HR2008PTC037519	CONTINENTAL AUTOMOTIVE BRAKE SYSTEMS (I) PRIVATE LIMITED	Nominee director	03/01/2008	03/01/2008	09/03/2012	Active	NO
16	U34300HR2008PLC037956	RAA AUTOCOM LIMITED	Director	27/05/2008	27/05/2008	01/04/2009	Active	NO
17	U72200HR2008PTC038145	CONTECH INFOSYSTEMS PRIVATE LIMITED	Director	08/07/2008	08/07/2008	-	Strike off	NO
18	U51109DL2007PTC168447	RAASAA RETAIL PRIVATE LIMITED	Director	30/09/2010	20/03/2010	-	Active	NO
19	U70200DL2011PTC220727	ASN PROPERTIES PRIVATE LIMITED	Director	10/06/2011	10/06/2011	-	Active	NO
20	U35990DL2010PTC202385	ALPHA MAIER PRIVATE LIMITED	Director	12/06/2012	17/02/2012	-	Active	NO

Name :

Mr. Jayant Davar

Designation :

Managing director

Address :

B-5/82, Safdarjung Enclave, New Delhi – 110029, India

Date of Birth/Age :

18.10.1961

Date of Appointment :

24.10.1987

DIN No.:

00100801

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	U34360DL1987PLC029553	SANDHAR TECHNOLOGIES LIMITED	Managing director	01/01/2011	24/10/1987	-	Active	NO
2	U99999DL1959PLC176013	AUTOMOTIVE COMPONENT MANUFACTURERS ASSOCIATION OF INDIA	Director	27/08/1998	27/08/1998	06/09/2011	Active	NO
3	U74899DL2000PLC106824	SANDHAR INFOSYSTEMS LIMITED.	Director	17/07/2000	17/07/2000	-	Active	NO
4	U67120DL2001PTC110707	KDB INVESTMENTS PRIVATE LIMITED	Director	04/05/2001	04/05/2001	-	Active	NO
5	U28939DL2002PTC114374	SANDHAR TOOLING PRIVATE LIMITED	Director	26/02/2002	26/02/2002	-	Active	NO
6	U34300DL2003PLC123094	SLD AUTO ANCILLARY LIMITED	Director	17/11/2003	17/11/2003	-	Active	NO
7	L31500UP1991PLC012944	PHOENIX LAMPS LIMITED	Director	30/07/2007	25/09/2006	11/08/2010	Active	NO
8	U45400HR2007PTC037085	HARIDWAR ESTATES PRIVATE LIMITED	Director	06/08/2007	06/08/2007	-	Active	NO
9	U72200HR2008PTC038145	CONTECH INFOSYSTEMS PRIVATE LIMITED	Director	08/07/2008	08/07/2008	-	Strike off	NO
10	U51109DL2007PTC168447	RAASAA RETAIL PRIVATE LIMITED	Director	30/09/2010	20/03/2010	-	Active	NO
11	U34300DL2005PTC139826	SANDHAR CAAMA COMPONENTS PRIVATE LIMITED	Director	30/09/2010	30/07/2010	14/05/2011	Active	NO
12	L34300PB1973PLC003301	G S AUTO INTERNATIONAL LIMITED	Director	30/09/2011	02/08/2011	10/04/2013	Active	NO
13	L27100PB2010PLC033930	VARDHMAN SPECIAL STEELS LIMITED	Additional director	09/11/2013	09/11/2013	-	Active	NO

Name :

Mrs. Monica Davar

Designation :

Director

Address :

B-5/82, Safdarjung Enclave, New Delhi – 110029, India

Date of Birth/Age :

07.09.1965

Date of Appointment :

24.10.1987

DIN No.:

00100875

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	U34360DL1987PLC029553	SANDHAR TECHNOLOGIES LIMITED	Director	24/10/1987	24/10/1987	--		Active	NO
2	U74899DL1992PTC049768	SUPANAVI TRADING AND FINANCE CONSULTANTS PRIVATE LIMITED	Director	06/10/1997	06/10/1997	--		Active	NO

Name :

Mr. Ravinder Nagpal

Designation :

Director

Address :

B – 8/14 First Floor, Vasant Vihar, New Delhi – 110057, India

Date of Birth/Age :

06.04.1956

Date of Appointment :

21.11.2001

DIN No.:

00102970

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	U74899DL1995PTC064358	CROWN TECHNO PROJECTS PRIVATE LIMITED	Director	17/06/1997	17/06/1997	14/11/2009	Active	NO	NO
2	U51420DL2000PTC106751	MAURITIUS TITANIUM INDIA PRIVATE LIMITED	Director	05/09/2000	05/09/2000	-	Strike off	NO	NO
3	U74899DL2000PLC106824	SANDHAR INFOSYSTEMS LIMITED.	Director	30/09/2000	30/09/2000	18/11/2010	Active	NO
4	U74899DL1994PTC059987	RRR INSURANCE SERVICES PRIVATE LIMITED	Director	09/11/2001	09/11/2001	-	Active	NO
5	U34360DL1987PLC029553	SANDHAR TECHNOLOGIES LIMITED	Director	21/11/2001	21/11/2001	-	Active	NO
6	U51909DL1996PTC079396	J- LAND BUSINESS SOLUTIONS PRIVATE LIMITED	Director	01/05/2002	01/05/2002	-	Active	NO
7	U74899DL1994PTC063637	UTSAV BUSINESS SOLUTIONS PRIVATE LIMITED	Director	01/08/2002	01/08/2002	-	Active	NO
8	U74899DL1995PTC074485	NAGRAM CONSULTANCY SERVICES PRIVATE LIMITED	Director	09/11/2002	09/11/2002	-	Active	NO
9	U74899DL1973PLC006634	PREMIER MICROWAVES LIMITED	Director	20/08/2003	20/08/2003	-	Active	NO
10	U70102DL2007PTC162084	PRERNA INFRADEVELOPERS PRIVATE LIMITED	Additional director	16/06/2008	16/06/2008	20/11/2008	Active	NO
11	U45200DL2007PTC161249	HANSRAJ BUILDMART PRIVATE LIMITED	Additional director	14/07/2008	14/07/2008	-	Active	NO
12	U45200DL2006PTC156660	MOUNTAIN LANDMARK PRIVATE LIMITED	Director	30/09/2008	14/07/2008	01/11/2011	Active	NO
13	U74140DL2008FTC182073	CXC CONSULTANTS PRIVATE LIMITED	Director	14/08/2008	14/08/2008	10/03/2011	Active	NO
14	U93000DL2010PTC199554	KARANRAVI CONSULTANCY SERVICES PRIVATE LIMITED	Director	26/02/2010	26/02/2010	-	Active	NO

Name :

Mr. Krishan Lal Chugh

Designation :

Director

Address :

N-79, Panchsheel Park, New Delhi – 110017, India

Date of Birth/Age :

13.09.1937

Date of Appointment :

14.03.2003

DIN No.:

00140124

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	U34101DL1993PLC053032	URBAN MASS TRANSIT COMPANY LIMITED	Director	07/09/1993	07/09/1993	25/02/2009	Active	NO	NO
2	L63011TG1995PLC020121	GATI LIMITED	Director	30/06/1998	30/06/1998	-	Active	NO	NO
3	U74899DL2001PTC109318	COSMOS BIOTECHNOLOGIES PRIVATE LIMITED	Director	22/01/2001	22/01/2001	-	Amalgamated	NO
4	U74999DL2001PTC112838	KULLU VALLEY POWER PRIVATE LIMITED	Director	16/10/2001	16/10/2001	-	Active	NO
5	U40101DL2001PTC113298	FOZAL POWER PRIVATE LIMITED	Director	28/11/2001	28/11/2001	-	Active	NO
6	U34360DL1987PLC029553	SANDHAR TECHNOLOGIES LIMITED	Director	14/03/2003	14/03/2003	-	Active	NO
7	U74999DL2003PTC122225	COSMOS CARBON CREDITS PRIVATE LIMITED	Director	11/09/2003	11/09/2003	-	Amalgamated	NO
8	U40109DL2003PTC123184	COSMOS ELECTRIC SUPPLY PRIVATE LIMITED	Director	21/11/2003	21/11/2003	-	Amalgamated	NO
9	U40106DL2004PTC129261	COSMOS IGNITE INNOVATIONS PRIVATE LIMITED	Director	22/01/2005	22/01/2005	18/01/2010	Active	NO
10	L74899DL1995PLC066827	SPICE COMMUNICATIONS LIMITED	Director	10/05/2006	10/05/2006	23/10/2008	Amalgamated	NO
11	L72900UP1986PLC008448	S MOBILITY LIMITED	Director	27/06/2008	27/10/2007	05/11/2012	Active	NO
12	U45201DL2004PTC130704	SOLARYAN TECHNOLOGIES PRIVATE LIMITED	Director	30/09/2008	09/07/2008	-	Active	NO
13	U72900DL2008PTC178018	SPICE INNOVATIVE TECHNOLOGIES PRIVATE LIMITED	Additional director	04/09/2008	04/09/2008	02/08/2009	Active	NO
14	U64202DL2004PLC127093	SPICE SMART SOLUTIONS LIMITED	Director	03/09/2009	01/01/2009	21/12/2009	Active	NO
15	U72300DL2006PLC156367	BHARAT BPO SERVICES LIMITED	Director	04/09/2009	01/01/2009	10/03/2013	Active	NO
16	U72900DL2000PLC104989	SPICE DIGITAL LIMITED	Director	29/09/2010	25/05/2010	02/07/2012	Active	NO
17	U32201HP1988PLC008020	SPICE RETAIL LIMITED	Director	05/08/2010	05/08/2010	02/07/2012	Active	NO
18	U85110DL1991PTC042646	SAKET CITY HOSPITALS PRIVATE LIMITED	Director	22/07/2011	22/07/2011	19/09/2012	Active	NO
19	U93090UP2007PTC033308	SMARTVALUE VENTURES PRIVATE LIMITED	Director	31/12/2013	11/12/2012	-	Active	NO

Name :

Mr. Mohan Lal Bhagat

Designation :

Director

Address :

24-B, New Road, Ali Pore, Kolkata, West Bengal – 700027, India

Date of Birth/Age :

23.06.1935

Date of Appointment :

02.02.1993

DIN No.:

00699750

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	U67120WB1979PLC031889	OLYMPIC INVESTMENTS LIMITED.	Director	18/02/1980	18/02/1980	--	Strike off	NO
2	L29265WB1957PLC023379	WIRES AND FABRIKS (SA) LIMITED	Director	08/07/1992	08/07/1992	--	Active	NO
3	U34360DL1987PLC029553	SANDHAR TECHNOLOGIES LIMITED	Director	02/02/1993	02/02/1993	--	Active	NO

Name :

Mr. Arvind Joshi

Designation :

Whole Time Director

Address :

G-39, 2^nd Floor, Kirti Nagar, New Delhi – 110015, India

Date of Birth/Age :

25.09.1966

Date of Appointment :

01.06.2013

DIN No.:

01877905

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	U51109WB1994PTC066487	JOSHI VINTRADE PRIVATE LIMITED	Director	12/12/1994	12/12/1994	--	Active	NO
2	U28931DL2008PTC174381	INDO TOOLINGS PRIVATE LIMITED	Director	22/02/2008	22/02/2008	--	Active	NO
3	U74999MP2004SGC020090	PITHAMPUR AUTO CLUSTER LIMITED	Nominee director	25/04/2008	25/04/2008	--	Active	NO
4	U34300DL2005PTC139826	SANDHAR CAAMA COMPONENTS PRIVATE LIMITED	Director	30/09/2010	30/07/2010	--	Active	NO
5	U28999DL1986PTC248633	MAG ENGINEERING PRIVATE LIMITED	Additional director	02/08/2012	02/08/2012	--	Amalgamated	NO
6	U28939DL2002PTC114374	SANDHAR TOOLING PRIVATE LIMITED	Additional director	19/09/2012	19/09/2012	--	Active	NO
7	U34360DL1987PLC029553	SANDHAR TECHNOLOGIES LIMITED	Whole-time director	01/06/2013	01/06/2013	--	Active	NO
8	U28100DL2014PTC268126	SANDHAR HAN SUNG TECHNOLOGIES PRIVATE LIMITED	Director	20/06/2014	20/06/2014	--	Active	NO

KEY EXECUTIVES

Name :	Mr. Arvind Joshi
Designation :	Secretary
Address :	G-39, 2^nd Floor, Kirti Nagar, New Delhi – 110015, India
Date of Birth/Age :	25.09.1966
Date of Appointment :	04.12.2006
PAN No.:	AEHPJ6988M

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 09.07.2014

Names of Shareholders	No. of Shares
Jayant Davar	30825907
Monica Davar	2622725
Master Neeljay Davar	1555995
D. N. Davar	839582
Santosh Davar	785950
Poonam Juneja	62265
Sandhar Estates Private Limited, India	350280
YSG Estates Private Limited, India	1662032
Sanjeevni Impex Private Limited, India	1667727
Sandhar Enterprises, India	90909
Sandhar Infosystems Limited, India	793569
Jubin Finance and Investment Limited, India	573508
Baby Nova Capital PTE Limited, Singapore	5038401
Total	46868850

Equity Share Break up (Percentage of Total Equity)

As on: 09.07.2014

Category	Percentage
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	10.75
Bodies corporate	10.96
Directors or relatives of Directors	78.29
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged is primarily engaged in the manufacturing and assembling of automotive components such as locksets, mirrors and various sheet metal components for two wheelers and four wheelers segments.

Products :

Item Code No.	Product Description
83012000	locks
70091090	Mirror
87149290	Wheel assembly
87141090	Motor vehicle parts

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Available

Imports :

Not Available

Terms :

Not Available

PRODUCTION STATUS NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

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

Customers :

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

No. of Employees :

Not Available

Bankers :

• HDFC Bank Limited, 2nd Floor, Indian Express Building, 9-10, Bahadur Shah Zafar Marg, ITO, Delhi-110002, India
• Yes Bank Limited, Nehru Centre, 9th Floor, Discovery Of India, Dr. Annie Besant Road, Worli, Mumbai-400018, Maharashtra, India
• Indusind Bank Limited, Dr. Gopal Das Building, 28, Barakhamba Road, New Delhi – 110001 , India
• ING VYSYSA Bank Limited, Narian Manzil, Ground Floor, Shop No.61 To G5, I Flo, Shop No.1001 To 1007, Barakhamba Road, New Delhi-110001, India
• ICICI Bank Limited, Landmark Race Course Circle, Alkapuri, Vadodara-390015, Gujarat, India

Facilities :

SECURED LOANS	31.03.2014 Rs. In Million	31.03.2013 Rs. In Million
LONG TERM BORROWINGS
Term Loans from Banks	520.144	513.719
Foreign currency term loans from banks	181.937	174.688
Term Loans from Others	491.476	564.291
Short Term Borrowings
Working Capital Loans from Banks	585.646	304.676
Total	1779.203	1557.374

	s
Financial Institution :	Tata Capital Financial Services Limited, One Forbes, Dr. V.B Gandhi Marg , Fort, Mumbai- 400001, Maharashtra, India
Auditors :
Name :	S. R. Batliboi and Company Chartered Accountants
Address :	Tower B, Sector-42, Gurgaon, Haryana, India
PAN No.:	AALFS0506L
Memberships :	Not Available
Collaborators :	Not Available
Joint Venture :	Sandhar Caama Components Private Limited CIN No. U34300DL2005PTC139826 Indo Toolings Private Limited CIN No. U28931DL2008PTC174381
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives:	· Sanjeevni Impex Private Limited CIN No. U74140DL2000PTC106407 · SLD Auto Ancillary Limited CIN No. U34300DL2003PLC123094 · Sandhar Infosystems Limited CIN No. U74899DL2000PLC106824 · Sandhar Estates Private Limited CIN No. U51109DL2000PTC106728 · YSG Estates Private Limited CIN No. U45201DL2001PTC113333 · KDB Investments Private Limited CIN No. U67120DL2001PTC110707 · Jubin Finance And Investment Limited CIN No. U65910HR1995PLC032801 · Swaran Enterprises. · Haridwar Estates Private Limited
Subsidiary company:	· PT. Sandhar Indonesia, Indonesia · Sandhar Technologies Barcelona SL, Spain · Sandhar Euro Holdings BV, Netherlands · Sandhar Tooling Private Limited (U28939DL2002PTC114374)

CAPITAL STRUCTURE

AFTER: 09.07.2014

Authorized Capital: Rs. 301.500 Million

Issued, Subscribed & Paid-up Capital: Rs. 102.309 Million

As on 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
140750000	Equity Shares	Rs.2/- each	Rs.281.500 Million
200000	Preference Shares	Rs.100/- each	Rs.20.000 Million
	Total		Rs.301.500 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
46868850	Equity Shares	Rs.2/- each	Rs.93.738 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	93.738	93.738	93.738
(b) Reserves & Surplus	1841.870	1605.340	1226.537
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	14.758	0.000	0.000
Total Shareholders’ Funds (1) + (2)	1950.366	1699.078	1320.275
(3) Non-Current Liabilities
(a) long-term borrowings	1193.557	1252.698	873.319
(b) Deferred tax liabilities (Net)	112.026	113.955	108.223
(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)	1305.583	1366.653	981.542
(4) Current Liabilities
(a) Short term borrowings	735.646	304.676	339.630
(b) Trade payables	1398.665	1265.182	1169.201
(c) Other current liabilities	724.096	720.625	366.146
(d) Short-term provisions	181.647	150.531	68.595
Total Current Liabilities (4)	3040.054	2441.014	1943.572
TOTAL	6296.003	5506.745	4245.389
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	3424.385	3186.695	2288.832
(ii) Intangible Assets	67.335	43.779	37.814
(iii) Capital work-in-progress	228.014	170.035	80.330
(iv) Intangible assets under development	0.000	0.000	6.047
(b) Non-current Investments	360.095	354.987	282.057
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	268.040	168.267	142.298
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	4347.869	3923.763	2837.378
(2) Current assets
(a) Current investments	0.034	37.108	0.000
(b) Inventories	573.797	572.689	494.882
(c) Trade receivables	1178.048	784.813	799.962
(d) Cash and cash equivalents	11.596	59.065	34.838
(e) Short-term loans and advances	182.886	122.057	76.147
(f) Other current assets	1.773	7.250	2.182
Total Current Assets	1948.134	1582.982	1408.011
TOTAL	6296.003	5506.745	4245.389

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Revenue from operation	10407.554	9623.669	8736.847
		Other Income	28.628	35.528	23.662
		TOTAL	10436.182	9659.197	8760.509
Less	EXPENSES
		Cost of Materials Consumed	6952.747	6650.430	6111.794
		Purchase of Stock-in-trade	0.000	0.000	0.000
		Changes in Inventories of finished goods, work-in-progress and stock-in-trade	61.413	(89.900)	(24.761)
		Employee Benefits Expenses	1053.708	993.618	798.754
		Other Expenses	1324.266	1225.355	1036.154
		TOTAL	9392.134	8779.503	7921.941
	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		1044.048	879.694	838.568
Less	FINANCIAL EXPENSES		336.266	311.578	196.281
	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		707.782	568.116	642.287
Less	DEPRECIATION/ AMORTISATION		300.168	284.425	241.835
	PROFIT/(LOSS) BEFORE TAX		407.614	283.691	400.452
Less	TAX		69.97	55.032	116.606
	PROFIT/(LOSS) AFTER TAX		337.644	228.659	283.846
	Earnings / (Loss) Per Share (Rs.)		7.20	4.88	5.67

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	533.119	593.862	269.541
Cash generated from operations	NA	NA	NA
Net cash flows from (used in) operations	394.840	575.024	794.942

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	3.24	2.38	3.25
Operating Profit Margin (PBIDT/Sales)	(%)	10.03	9.14	9.60
Return on Total Assets (PBT/Total Assets}	(%)	7.14	5.69	10.33
Return on Investment (ROI) (PBT/Networth)		0.21	0.17	0.30
Debt Equity Ratio (Total Debt /Networth)		1.26	1.27	1.12
Current Ratio (Current Asset/Current Liability)		0.64	0.65	0.72

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	93.738	93.738	93.738
Reserves & Surplus	1226.537	1605.340	1841.870
Share Application money pending allotment	0.000	0.000	14.758
Net worth	1320.275	1699.078	1950.366
long-term borrowings	873.319	1252.698	1193.557
Short term borrowings	339.630	304.676	735.646
Current maturities of long-term debts	269.541	593.862	533.119
Total borrowings	1482.490	2151.236	2462.322
Debt/Equity ratio	1.123	1.266	1.262

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Revenue from operation	8736.847	9623.669	10407.554
		10.150	8.145

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Revenue from operation	8736.847	9623.669	10407.554
Profit	283.846	228.659	337.644
	3.25%	2.38%	3.24%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check list by info agents	Available in Report (Yes/No)
1	Year of establishment	Yes
2	Constitution of the entity -Incorporation details	Yes
3	Locality of the entity	Yes
4	Premises details	No
5	Buyer visit details	--
6	Contact numbers	Yes
7	Name of the person contacted	No
8	Designation of contact person	No
9	Promoter’s background	Yes
10	Date of Birth of Proprietor / Partners / Directors	Yes
11	Pan Card No. of Proprietor / Partners	No
12	Voter Id Card No. of Proprietor / Partners	No
13	Type of business	Yes
14	Line of Business	Yes
15	Export/import details (if applicable)	No
16	No. of employees	No
17	Details of sister concerns	Yes
18	Major suppliers	No
19	Major customers	No
20	Banking Details	Yes
21	Banking facility details
22	Conduct of the banking account	No
23	Financials, if provided	Yes
24	Capital in the business	Yes
25	Last accounts filed at ROC, if applicable	Yes
26	Turnover of firm for last three years	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last three years	Yes
30	Major shareholders, if available	Yes
31	External Agency Rating, if available	Yes
32	Litigations that the firm/promoter involved in	--
33	Market information	--
34	Payments terms	No
35	Negative Reporting by Auditors in the Annual Report	No

CORPORATE INFORMATION

Subject is a public Company domiciled in India and incorporated under the provision of the Companies Act, 1956. The Company is primarily engaged in the manufacturing and assembling of automotive components such as locksets, mirrors and various sheet metal components for two wheelers and four wheelers segments.

UNSECURED LOAN

PARTICULARS	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Intercorporate Borrowing	150.000	0.000
Total	150.000	0.000

INDEX OF CHARGES:

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10551667	31/01/2015	500,000,000.00	HDFC BANK LIMITED	2ND FLOOR, INDIAN EXPRESS BUILDING, 9-10, BAHADUR  SHAH ZAFAR MARG, ITO, DELHI - 110002,  INDIA	C44863090
2	10545999	12/12/2014	200,000,000.00	YES BANK LIMITED	NEHRU CENTRE, 9TH FLOOR, DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD, WORLI, MUMBAI- 400018, MAHARASHTRA, INDIA	C41896978
3	10523821	29/09/2014	250,000,000.00	INDUSIND BANK LIMITED	DR. GOPAL DAS BHAWAN, 28 BARAKHAMBA ROAD, DELHI - 110001, INDIA	C25678178
4	10529499	06/09/2014	85,000,000.00	YES BANK LIMITED	9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR.  ANNIE BESANT ROAD, WORLI, MUMBAI-  400018, MAHARASHTRA, INDIA	C32494221
5	10504040	16/04/2014	100,000,000.00	ING VYSYA BANK LIMITED	NARIAN MANZIL GROUND FLOOR, SHOP NO. G1 TO G5,, I FLOOR,SHOP NO.1001 TO 1007,BARAKHAMBA ROAD, DELHI - 110001, INDIA	C07241615
6	10475546	12/10/2014 *	533,400,000.00	TATA CAPITAL FINANCIAL SERVICES LIMITED	ONE FORBES, DR. V.B GANDHI MARG , FORT, MUMBAI- 400001, MAHARASHTRA, INDIA	C35447978
7	10468081	26/12/2013	80,000,000.00	INDUSIND BANK LIMITED	DR. GOPAL DAS BUILDING,, 28, BARAKHAMBA ROAD, NEW  DELHI, DELHI - 110001, INDIA	B92694579
8	10459425	21/08/2014 *	150,000,000.00	YES BANK LIMITED	9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR.  ANNIE BESANT ROAD, WORLI,, MUMBAI, MAHARASHTRA -  400018, INDIA	C32578338
9	10450875	07/02/2014 *	150,000,000.00	ICICI BANK LIMITED	LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJ  ARAT - 390015, INDIA	B97093314
10	10450872	16/05/2014 *	50,000,000.00	ICICI BANK LIMITED	ICICI BANK LIMITED, ALKAPURI, BARODA, GUJARAT - 3  90015, INDIA	C05119680

*Date of charge modification

FIXED ASSETS:

Tangible assets

· Land

· Buildings

· Plant and equipment

· Plant and Machinery

· Computer

· Vehicles

· Furniture and Fixture

· Office equipment

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.63.76
UK Pound	1	Rs.99.60
Euro	1	Rs.69.71

INFORMATION DETAILS

Analysis Done by :	DIV
Report Prepared by :	GTA

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILITY	1~10	6
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	6
--RESERVES	1~10	6
--CREDIT LINES	1~10	5
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		53

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.