MIRA INFORM REPORT

Report No. :	337216
Report Date :	19.08.2015

IDENTIFICATION DETAILS

Name :	ROKI MINDA CO. PRIVATE LIMITED
Registered Office :	B-64/1, Wazirpur, Industrial Area, Delhi – 110052
Tel. No.:	91-8222099574
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	10.12.2010
Com. Reg. No.:	55-211292
Capital Investment / Paid-up Capital :	Rs. 535.200 Million
CIN No.: [Company Identification No.]	U34300DL2010PTC211292
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	Not Available
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer and Exporter of automotive air intake systems, carbon consisters, and automatic transmission fluid filters.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

Ba (44)

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

Maximum Credit Limit :	USD 1000000
Status :	Satisfactory
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is a subsidiary of ROKI Holdings Company Limited, Japan. It is having satisfactory track. Company has incurred losses from its operations which has resulted into accumulated losses. However, company has shown decent growth in its sales turnover in the year under consideration. Trade relations are fair. Business is active. Payment terms are reported to be slow but correct. In view of strong managerial and financial support by holding company, the company can be considered for business dealings with 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	Not Available
Rating	Not Available
Rating Explanation	Not Available
Date	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 31-03-2013.

INFORMATION PARTED BY

Name :	Mr. A. K. Yadav
Designation :	Import Export Department
Contact No.:	91-8222099574
Date :	18.08.2015

LOCATIONS

Registered Office :	B-64/1, Wazirpur, Industrial Area, Delhi – 110052, India
Tel. No.:	Not Available
Mobile No.:	91-8222099574
Fax No.:	Not Available
E-Mail :	akyadav@rakiminda.com
Website :	http://www.mindagroup.com
Factory :	Plot No. 328, Sector 3, Phase 2, Industrial Growth Centre, Rewari District, Bawal – 123501, Haryana, India

DIRECTORS

AS ON 22.05.2014

Name :

Nirmal Kumar Minda

Designation :

Director

Address :

J I0/33 DLF Phase-II, Gurgaon – 122002, Haryana, India

Date of Appointment :

05.06.2012

DIN No.:

00014942

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	L74899DL1985PLC020401	MINDA CORPORATION LIMITED	Director	22/07/1987	22/07/1987	09/04/2011	Active	NO
2	L74899DL1992PLC050333	MINDA INDUSTRIES LIMITED	Managing director	01/04/2013	16/09/1992	-	Active	NO
3	U74899DL1995PTC073692	MINDARIKA PRIVATE LIMITED	Managing director	09/11/1995	09/11/1995	-	Active	NO
4	U23201DL2001PLC111781	MINDA AUTOGAS LTD	Managing director	25/09/2006	24/07/2001	-	Amalgamated	NO
5	U34300DL2003PLC121384	MINDA AUTOMOTIVE LIMITED	Director	18/07/2003	18/07/2003	-	Active	NO
6	U34300DL2004PLC127424	MINDA FIAMM ACOUSTIC LIMITED	Director	07/07/2004	07/07/2004	-	Amalgamated	NO
7	U34300DL2004PLC127423	MINDA ACOUSTIC LIMITED	Director	07/07/2004	07/07/2004	-	Amalgamated	NO
8	U31905DL1981PLC127345	MINDA SAI LIMITED	Director	28/03/2005	28/03/2005	09/04/2011	Active	NO
9	U74899DL2005PTC142456	UNITECH SAI PRIVATE LIMITED	Director	10/11/2005	10/11/2005	-	Active	NO
10	U70109DL2006PTC150012	SHREEAUMJI INFRASTRUCTURE AND PROJECTS PRIVATE LIMITED	Director	22/06/2006	22/06/2006	-	Active	NO
11	U99999DL1959PLC176013	AUTOMOTIVE COMPONENT MANUFACTURERS ASSOCIATION OF INDIA	Director	08/09/2006	08/09/2006	-	Active	NO
12	U45201DL2006PTC144714	SHREEAUMJI REAL ESTATE SEZ PRIVATE LIMITED	Director	28/09/2007	14/11/2006	-	Active	NO
13	U74899DL2006PTC144713	SHREEAUMJI DEVELOPERS SEZ PRIVATE LIMITED	Director	28/09/2007	14/11/2006	-	Active	NO
14	U93090DL2007PLC158964	MINDA INTERNATIONAL LIMITED	Director	17/02/2007	17/02/2007	-	Active	NO
15	U29256DL2007PTC161976	MINDA AUTO LIGHTING PRIVATE LIMITED	Director	09/05/2007	09/05/2007	-	Strike off	NO
16	U31908TN2007PTC081836	VALEO ENGINE AND ELECTRICAL SYSTEMS INDIA PRIVATE LIMITED	Director	06/08/2008	24/07/2007	19/05/2010	Amalgamated	NO
17	U63090DL2008PTC172298	OM MARUBENI LOGISTICS PRIVATE LIMITED	Director	04/01/2008	04/01/2008	-	Under liquidation	NO
18	U34300KA2008PTC047401	TOKAI RIKA MINDA INDIA Private Limited	Director	27/07/2009	25/08/2008	17/07/2013	Active	NO
19	U45400DL2008PLC185619	Minda Realty and Infrastructure Limited	Director	09/06/2010	10/12/2008	20/03/2015	Active	NO
20	U74900DL2009PLC186740	MINDA MINDPRO LIMITED	Director	16/01/2009	16/01/2009	-	Active	NO
21	U93000DL2009PLC190114	MINDA SPECTRUM ADVISORY LIMITED.	Director	08/05/2009	08/05/2009	-	Active	NO
22	U35999DL2010PLC200859	MINDA EMER TECHNOLOGIES LIMITED	Director	29/03/2010	29/03/2010	24/06/2014	Active	NO
23	L67120DL1985PLC021349	MINDA FINANCE LIMITED	Director	14/07/2010	17/04/2010	-	Active	NO
24	U28900DL2010PLC211731	M J CASTING LIMITED	Director	23/12/2010	23/12/2010	-	Active	NO
25	U28113DL2011PTC212192	FJM CYLINDERS PRIVATE LIMITED	Director	05/01/2011	05/01/2011	-	Active	NO
26	U34300DL2010PTC211292	ROKI Minda Co. Private Limited	Director	05/06/2012	31/01/2011	-	Active	NO
27	U28910TN2011PTC079581	KOSEI MINDA ALUMINUM COMPANY Private Limited	Director	10/03/2011	10/03/2011	-	Active	NO
28	U31900DL2011PLC217478	Minda NexGenTech Limited	Director	09/05/2012	13/04/2011	22/09/2014	Active	NO
29	U51909DL2011PLC223728	MI TORICA INDIA LIMITED	Director	16/08/2011	16/08/2011	12/07/2013	Active	NO
30	U80903DL2014NPL265371	Suman Nirmal Minda Foundation	Director	25/02/2014	25/02/2014	-	Active	NO
31	U35900DL2014PTC272202	Mindai Connect Private Limited	Director	30/09/2014	30/09/2014	-	Active	NO
32	U29130DL2015PTC278233	MINDA KOSEI ALUMINUM WHEEL PRIVATE LIMITED	Director	23/03/2015	23/03/2015	-	Active	NO

Name :

Sudhir Jain

Designation :

Director

Address :

K-10/03, DLF Phase-II, Gurgaon – 122002, Haryana, India

Date of Appointment :

05.06.2012

DIN No.:

00010445

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	U25209DL1996PLC083240	MINDA AUTO COMPONENTS LIMITED	Director	13/11/1996	13/11/1996	26/11/2007	Active	NO
2	U34300DL2003PLC121384	MINDA AUTOMOTIVE LIMITED	Director	18/07/2003	18/07/2003	05/08/2014	Active	NO
3	U34300DL2004PLC127423	MINDA ACOUSTIC LIMITED	Director	07/07/2004	07/07/2004	-	Amalgamated	NO
4	U34300DL2004PLC127424	MINDA FIAMM ACOUSTIC LIMITED	Director	20/07/2004	20/07/2004	-	Amalgamated	NO
5	U31908TN2007PTC081836	VALEO ENGINE AND ELECTRICAL SYSTEMS INDIA PRIVATE LIMITED	Additional director	15/03/2010	04/07/2007	19/05/2010	Amalgamated	NO
6	U45400DL2008PLC185619	Minda Realty & Infrastructure Limited	Director	09/06/2010	10/12/2008	24/07/2014	Active	NO
7	U74900DL2009PLC186740	MINDA MINDPRO LIMITED	Director	16/01/2009	16/01/2009	05/08/2014	Active	NO
8	U93000DL2009PLC190114	MINDA SPECTRUM ADVISORY LIMITED.	Director	08/05/2009	08/05/2009	-	Active	NO
9	U35999DL2010PLC200859	MINDA EMER TECHNOLOGIES LIMITED	Director	29/03/2010	29/03/2010	-	Active	NO
10	U28900DL2010PLC211731	M J CASTING LIMITED	Director	23/12/2010	23/12/2010	28/02/2011	Active	NO
11	U34300DL2010PTC211292	ROKI Minda Co. Private Limited	Director	05/06/2012	31/01/2011	-	Active	NO
12	U51909DL2011PLC223728	MI TORICA INDIA LIMITED	Director	16/08/2011	16/08/2011	05/09/2011	Active	NO
13	U35122DL2011PLC223819	MINDA KYORAKU LIMITED	Director	17/08/2011	17/08/2011	26/09/2011	Active	NO
14	U31900DL2011PLC217478	Minda NexGenTech Limited	Director	09/05/2012	24/10/2011	13/08/2014	Active	NO
15	U35900DL2011PTC228383	PANASONIC MINDA STORAGE BATTERIES INDIA PRIVATE LIMITED	Director	07/12/2011	07/12/2011	13/08/2014	Active	NO
16	U34300DL2011PLC227272	MINDA DISTRIBUTION AND SERVICES LIMITED	Director	25/06/2012	26/03/2012	-	Active	NO
17	U34300KA2008PTC047401	TOKAI RIKA MINDA INDIA Private Limited	Alternate director	23/08/2012	23/08/2012	29/09/2012	Active	NO
18	U35999DL2012FTC238701	FUJITSU TEN MINDA INDIA PRIVATE LIMITED	Alternate director	22/11/2012	22/11/2012	29/03/2013	Active	NO
19	U28111RJ2008PTC026385	TOYODA GOSEI MINDA INDIA PRIVATE LIMITED	Director	10/09/2013	24/11/2012	18/06/2014	Active	NO
20	U29219DL2013PTC248215	Minda Nabtesco Automotive Private Limited	Director	12/02/2013	12/02/2013	10/06/2014	Active	NO
21	U28910TN2011PTC079581	KOSEI MINDA ALUMINUM COMPANY Private Limited	Director	19/07/2014	07/12/2013	-	Active	NO
22	U29253DL2015PTC275475	MINDA TG RUBBER PRIVATE LIMITED	Director	14/01/2015	14/01/2015	-	Active	NO
23	U29130DL2015PTC278233	MINDA KOSEI ALUMINUM WHEEL PRIVATE LIMITED	Director	23/03/2015	23/03/2015	-	Active	NO

Name :

Anand Kumar Minda

Designation :

Director

Address :

N - 2/31,, DLF Phase - II, Gurgaon – 122001, Haryana, India

Date of Appointment :

22.05.2014

DIN No.:

00007964

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	U70101DL1992PLC047656	DELHI SHELTERS LIMITED	Director	01/04/1992	01/04/1992	29/03/2008	Active	NO
2	U65920DL1996PTC081214	AMV INVESTMENT AND FINANCIAL SERVICES PRIVATE LIMITED	Director	16/08/1996	16/08/1996	-	Amalgamated	NO
3	U51311DL1997PLC089363	ASM EXIM LIMITED.	Director	01/09/1997	01/09/1997	16/08/2010	Active	NO
4	U29199DL1999PTC102387	MAA RUKMANI DEVI AUTO Private Limited	Director	11/11/1999	11/11/1999	-	Active	NO
5	U29111DL1999PLC102709	SHANKAR MOULDING LIMITED	Director	07/12/1999	07/12/1999	-	Active	NO
6	U31909DL2000PTC104378	ENERGY LIGHTINGS PRIVATE LIMITED.	Director	13/03/2000	13/03/2000	-	Amalgamated	NO
7	U74899DL1995PTC073692	MINDARIKA PRIVATE LIMITED	Director	01/01/2003	01/01/2003	-	Active	NO
8	U74899DL1994PLC063761	MINDA INVESTMENTS LIMITED	Director	01/05/2008	10/02/2004	-	Active	NO
9	U74899DL1985PTC020507	SWITCH AUTO PRIVATE LIMITED	Director	12/09/2005	12/09/2005	-	Amalgamated	NO
10	U34300DL2004PLC127424	MINDA FIAMM ACOUSTIC LIMITED	Alternate director	24/06/2008	10/03/2006	19/11/2008	Amalgamated	NO
11	U70109DL2006PTC149378	SHREEAUMJI CONSTRUCTIONS PRIVATE LIMITED	Director	01/06/2006	01/06/2006	06/03/2015	Active	NO
12	U70109DL2006PTC149379	SHREEAUMJI PROMOTERS & BUILDERS PRIVATE LIMITED	Director	01/06/2006	01/06/2006	06/03/2015	Active	NO
13	U70109DL2006PTC150430	SHREEAUMJI ESTATE DEVELOPERS PRIVATE LIMITED	Director	30/06/2006	30/06/2006	05/03/2015	Active	NO
14	U70109DL2006PTC150429	SHREEAUMJI HABITATION PRIVATE LIMITED	Director	30/06/2006	30/06/2006	05/03/2015	Active	NO
15	U70101DL2004PTC127204	CALIBRE BUILDWELL PRIVATE LIMITED	Director	17/08/2007	28/09/2006	05/03/2015	Active	NO
16	U45201DL2004PTC127039	AKSHAY BUILDWELL PRIVATE LIMITED	Director	17/08/2007	28/09/2006	05/03/2015	Active	NO
17	U45200DL2006PTC155326	UNIQUE TECHNOPARKS PRIVATE LIMITED	Director	08/11/2006	08/11/2006	05/03/2015	Active	NO
18	U45200DL2006PTC155342	SPECTRUM TECHNOCONSTRUCTIONS PRIVATE LIMITED	Director	09/11/2006	09/11/2006	05/03/2015	Active	NO
19	U45200DL2006PTC155883	MIDWAY INFRASTRUCTURE PRIVATE LIMITED	Director	23/11/2006	23/11/2006	05/03/2015	Active	NO
20	U45201DL2006PTC144716	SHREEAUMJI BUILDWELL PRIVATE LIMITED	Director	29/11/2006	29/11/2006	06/03/2015	Active	NO
21	U45200DL2007PTC160629	PAMPOSH TOWN PLANNERS PRIVATE LIMITED	Director	16/03/2007	16/03/2007	05/03/2015	Active	NO
22	U45200DL2007PTC160630	AVANTIKA CONSTRUCTION COMPANY PRIVATE LIMITED	Director	16/03/2007	16/03/2007	05/03/2015	Active	NO
23	U45200DL2007PTC160632	SHILPALAYA CONSTRUCTIONS PRIVATE LIMITED	Director	16/03/2007	16/03/2007	30/06/2014	Active	NO
24	U45200DL2007PTC160649	MULTIVISION CONSTRUCTIONS PRIVATE LIMITED	Director	16/03/2007	16/03/2007	30/06/2008	Active	NO
25	U45200DL2007PTC162075	GREEN LAND TECHNOBUILDERS PRIVATE LIMITED	Director	16/04/2007	16/04/2007	05/03/2015	Active	NO
26	U51909DL1985PLC021049	MINDA AUTOMOTIVE SOLUTIONS LIMITED	Director	07/07/2007	02/06/2007	15/01/2009	Active	NO
27	U23201DL2001PLC111781	MINDA AUTOGAS LTD	Director	18/08/2008	17/12/2007	-	Amalgamated	NO
28	U34300DL2004PLC127423	MINDA ACOUSTIC LIMITED	Alternate director	24/06/2008	24/06/2008	19/11/2008	Amalgamated	NO
29	U74300DL1996PLC083437	MINDA PROJECTS LIMITED	Director	30/09/2009	15/09/2008	-	Active	NO
30	U45400DL2008PLC185619	Minda Realty & Infrastructure Limited	Director	09/06/2010	10/12/2008	-	Active	NO
31	U74900DL2009PLC186740	MINDA MINDPRO LIMITED	Director	16/01/2009	16/01/2009	-	Active	NO
32	L67120DL1985PLC021349	MINDA FINANCE LIMITED	Director	14/08/2014	20/05/2010	-	Active	NO
33	U31900DL2011PLC217478	Minda NexGenTech Limited	Director	09/05/2012	13/04/2011	22/09/2014	Active	NO
34	L74899DL1992PLC050333	MINDA INDUSTRIES LIMITED	Director	11/08/2011	14/04/2011	-	Active	NO
35	U35122DL2011PLC223819	MINDA KYORAKU LIMITED	Director	17/08/2011	17/08/2011	30/07/2013	Active	NO
36	U35900DL2011PTC228383	PANASONIC MINDA STORAGE BATTERIES INDIA PRIVATE LIMITED	Director	07/12/2011	07/12/2011	26/11/2014	Active	NO
37	U34300DL2010PTC211292	ROKI Minda Co. Private Limited	Director	22/05/2014	21/02/2014	-	Active	NO
38	U29219DL2013PTC248215	Minda Nabtesco Automotive Private Limited	Director	18/07/2014	10/06/2014	-	Active	NO
39	U29253DL2015PTC275475	MINDA TG RUBBER PRIVATE LIMITED	Director	14/01/2015	14/01/2015	-	Active	NO
40	U34300DL2011PLC227272	MINDA DISTRIBUTION AND SERVICES LIMITED	Whole-time director	01/04/2015	01/04/2015	-	Active	NO
41	U35990DL2015PTC279706	Minda DAPS Private Limited	Director	01/05/2015	01/05/2015	-	Active	NO

Name :

Takaya Shimada

Designation :

Director

Address :

1-6-1 Kaminoge, Setagaya-Ku, Tokyo, 1580093, JAPAN

Date of Appointment :

31.01.2011

DIN No.:

03421716

Name :

Yasuhiko Tanigawa

Designation :

Director

Address :

699-903 Kasaishinden-Cho, Higashi-Ku Hamamatsu-Shi, Shizuoka, 4313105, Japan

Date of Appointment :

31.01.2011

DIN No.:

03405254

Name :

Shogo Uchiyama

Designation :

Managing Director

Address :

4500-5 Yamahigashi, Tenryu-Ku, Shizuoka, Hamamatsu Shi, 4313303, Japan

Date of Appointment :

01.04.2013

DIN No.:

06521589

KEY EXECUTIVES

Name :	Debadas panda
Designation :	Secretary
Address :	House no. 950, Sector -9, Gurgaon – 122001, Haryana, India
Date of Appointment :	01.04.2012
PAN No.:	AJYPP9994K

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 22.05.2014

Names of Shareholders	No. of Shares	% of Holdings
Roki Holdings Company Limited, Japan	30355200	51.00
Minda Investments Limited, India	29164800	49.00
Total	59520000	100.00

AS ON 20.10.2014

Names of Shareholders	No. of Shares
Roki Holdings Company Limited, Japan	4080000
Minda Investments Limited, India	3920000
Total	8000000

Equity Share Break up (Percentage of Total Equity)

AS ON 22.05.2014

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	51.00
Bodies corporate	49.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer and Exporter of automotive air intake systems, carbon consisters, and automatic transmission fluid filters.
Products :	Not Divulged
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :
Products :	Automotive Air Intake Systems Carbon Consisters Automatic Transmission Fluid Filters
Countries :	Hungary
Imports :
Products :	Raw Material
Countries :	Japan Thailand
Terms :
Selling :	Cheque and Credit (30 days)
Purchasing :	Cheque and Credit (30 days)

GENERAL INFORMATION

Suppliers :

Not Divulged

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 :

Not Divulged

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 :

Banker Name	Not Divulged
Branch Address	Not Divulged
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
Name of Account Holder	Not Divulged
Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

Facilities :

--

Auditors :
Name :	S.R. Batliboi and Company LLP Chartered Accountant
Memberships :	--
Collaborators :	--
Associates/Subsidiaries :	--

CAPITAL STRUCTURE

AS ON 22.05.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
90000000	Equity Shares	Rs.10/- each	Rs. 900.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
59520000	Equity Shares	Rs.10/- each	Rs. 595.200 Million

AFTER 22.05.2014

Authorised Capital : Rs. 900.000 Million

Issued, Subscribed & Paid-up Capital : Rs. 775.200 Million

AS ON 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
60000000	Equity Shares	Rs.10/- each	Rs. 600.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
53520000	Equity Shares	Rs.10/- each	Rs. 535.200 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	535.200	400.000	260.000
(b) Reserves & Surplus	(82.453)	(80.637)	(13.277)
(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)	452.747	319.363	246.723
(3) Non-Current Liabilities
(a) long-term borrowings	478.033	438.240	255.800
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	5.125	1.325	0.049
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	483.158	439.565	255.849
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	201.373	76.724	6.679
(c) Other current liabilities	90.861	75.680	98.483
(d) Short-term provisions	0.169	0.047	0.000
Total Current Liabilities (4)	292.403	152.451	105.162
TOTAL	1228.308	911.379	607.734
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	658.376	554.291	222.364
(ii) Intangible Assets	0.870	0.324	0.104
(iii) Capital work-in-progress	146.410	42.968	175.440
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.000	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	11.013	1.151	0.108
(e) Other Non-current assets	0.000	1.624	0.000
Total Non-Current Assets	816.669	600.358	398.016
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	113.757	27.741	0.495
(c) Trade receivables	166.866	69.501	0.358
(d) Cash and cash equivalents	73.042	148.075	203.525
(e) Short-term loans and advances	57.772	64.110	5.327
(f) Other current assets	0.202	1.594	0.013
Total Current Assets	411.639	311.021	209.718
TOTAL	1228.308	911.379	607.734

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income	1040.957	256.020	0.309
	Other Income	11.978	13.079	1.093
	TOTAL	1052.935	269.099	1.402
Less	EXPENSES
	TOTAL	1054.751	336.458	14.679
	LOSS FOR THE YEAR	(1.816)	(67.359)	(13.277)
	EARNINGS IN FOREIGN CURRENCY
	Export Earnings	0.193	0.152	0.000
	TOTAL EARNINGS	0.193	0.152	0.000
	IMPORTS
	Raw Materials	102.529	15.936	0.000
	Stores & Spares	0.000	4.170	0.650
	Capital Goods	27.879	83.576	24.645
	TOTAL IMPORTS	130.408	103.682	25.295
	Earnings Per Share (Rs.)	(0.03)	(1.13)	(0.22)

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	NA	NA	NA
Cash generated from operations	NA	NA	NA
Net cash flow from (used in) operation	56.166	(114.317)	(0.783)

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	(0.17)	(26.31)	(4296.76)
Debt Equity Ratio (Total Debt /Networth)		1.06	1.37	1.04
Current Ratio (Current Asset/Current Liability)		1.41	2.04	1.99

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	260.000	400.000	535.200
Reserves & Surplus	(13.277)	(80.637)	(82.453)
Share Application money pending allotment	0.000	0.000	0.000
Net worth	246.723	319.363	452.747
long-term borrowings	255.800	438.240	478.033
Short term borrowings	0.000	0.000	0.000
Current Maturities of Long Term Debt	0.000	0.000	0.000
Total borrowings	255.800	438.240	478.033
Debt/Equity ratio	1.037	1.372	1.056

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	0.309	256.020	1040.957
		82,754.369	306.592

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	0.309	256.020	1040.957
Profit	(13.277)	(67.359)	(1.816)
	(4296.76%)	(26.31%)	(0.17%)

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	Yes
8	Designation of contact person	Yes
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)	Yes
16	No. of employees	Yes
17	Details of sister concerns	No
18	Major suppliers	No
19	Major customers	No
20	Banking Details	No
21	Banking facility details	No
22	Conduct of the banking account	-----
23	Financials, if provided	Yes
24	Capital in the business	Yes
25	Last accounts filed at ROC, if applicable	No
26	Turnover of firm for last three years	No
27	Reasons for variation <> 20%	----
28	Estimation for coming financial year	No
29	Profitability for last three years	No
30	Major shareholders, if available	Yes
31	External Agency Rating, if available	No
32	Litigations that the firm/promoter involved in	----
33	Market information	----
34	Payments terms	Yes
35	Negative Reporting by Auditors in the Annual Report	No

NOTE: Registered office of the company has been shifted from 1568, Church Road, Kashmere Gate, New Delhi – 110006, India to the present address w.e.f. 16.02.2011.

UNSECURED LOAN

Particulars	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWING
Rupee term loans from others	478.033	438.240
Total	478.033	438.240

INDEX OF CHARGES: NO CHARGES EXIST FOR THE COMPANY

FIXED ASSETS

• Land
• Buildings
• Plant and Equipments
• Factory Equipments
• Furniture and Fixture
• Vehicles
• Office Equipments
• Computer Equipments

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 records 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. 65.22
UK Pound	1	Rs. 102.23
Euro	1	Rs. 72.39

INFORMATION DETAILS

Information Gathered by :	SVA
Analysis Done by :	KIN
Report Prepared by :	JYO

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILITY	1~10	3
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	4
--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	YES
--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.