MIRA INFORM REPORT

Report No. :	353093
Report Date :	05.12.2015

IDENTIFICATION DETAILS

Name :	SANSERA ENGINEERING PRIVATE LIMITED
Registered Office :	261/C, Bommasandra Industrial Area, Hebbagodi Post, Anekal Taluk, Bangalore – 560099, Karnataka
Tel. No.:	91-80-27833056
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	15.12.1981
Com. Reg. No.:	08-004542
Capital Investment / Paid-up Capital :	Rs.111.474 Million
CIN No.: [Company Identification No.]	U34103KA1981PTC004542
IEC Code:	0794000649
TAN No.: [Tax Deduction & Collection Account No.]	BLRS14664G
PAN No.: [Permanent Account No.]	AAECS2440M
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Automobile Spare Parts and Equipment’s. (Confirmed by management)
No. of Employees :	451 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (50)

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

Maximum Credit Limit :	USD 8630000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Sansera Engineering Private Limited was incorporated on 15^th December, 1981 and it is well-established company having good track record. The ratings reflect company’s strengthened financial profile marked by sound operating accruals, healthy capital structure and comfortable coverage indicators. The ratings also factor SEPL’s established relationships with renowned two-wheeler brands, its strong market share in automobile industry. The rating continue to take into account substantial improvement in SEPL’s improved product mix with growing share of business from four wheeler segment and diversification products supporting healthy margins to the company. Trade relations are fair. Business is active. Payment terms are reported to be regular and as per commitment. The company can be considered good for business dealings at its usual business 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 Funds = A+
Rating Explanation	Adequate degree of safety and low credit risk
Date	September 2014

Rating Agency Name	ICRA
Rating	Short Term Funds = A1
Rating Explanation	Very strong degree of safety and lowest credit risk
Date	September 2014

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2015.

INFORMATION PARTED BY (GENERAL DETAILS)

Name :	Mr. Saurabh Kumar
Designation :	Finance Manager
Contact No.:	91-80-27839081
Date :	03.12.2015

LOCATIONS

Registered / Corporate Office / Factory 1 :	261/C, Bommasandra Industrial Area, Hebbagodi Post, Anekal Taluk, Bangalore – 560099, Karnataka, India
Tel. No.:	91-80-27833056/ 27833442/ 27833642
Fax No.:	91-80-27833642
E-Mail :	support@sanseraindia.com sansera@vsnl.com info@sanseraindia.com
Website :	http://www.sanseraindia.com
Factory 2 :	No.8 (1106/8), A.M. Industrial Estate, G.B. Palya, Hosur Road, Bangalore – 560068, Karnataka, India
Tel. No.:	91-80-25731078/ 25731088/ 25731227
Fax No.:	91-80-25731092
Factory 3 :	No.1, Bommasaandra-Jigani Link Road, Bommasandra Industrial Area, Bangalore - 560099, Karnataka, India
Tel. No.:	91-80-27839304/ 5/ 6/ 8
Fax No.:	91-80-27839307
Factory 4 :	Plot No.22 and 23, Sector-6, IMT Manesar, Gurgaon – 122050, Haryana, India
Tel. No.:	91-124-4367600/ 03
Fax No.:	91-124-4367604
Factory 5 :	B-18, MIDC Industrial Area Chakan, Pune – 410501, Maharashtra, India
Tel. No.:	91-2135-666228
Fax No.:	91-2135-666222
Factory 6 :	Plot No.18, Sector-09, IIE, Pantnagar, District Udham Singh Nagar, Uttarakhand, India
Tel. No.:	91-5944-250306/ 307
Fax No.:	91-5944-250308
Factory 7 :	Survey No.143/A, Bommasaandra-Jigani Link Road, Bangalore – 560015, Karnataka, India
Tel. No.:	91-80-27839081/ 2/ 3
Fax No.:	91-80-27839309

DIRECTORS

AS ON 30.09.2014

Name :

Mr. Unni Rajagopal Kothenath

Designation :

Director

Address :

Tarawad, Palanahalli, Yelahanka Post, Bangalore - 560064, Karnataka, India

Date of Birth/Age :

17.07.1954

Qualification :

B.A., FCA

Date of Appointment :

01.03.1991

PAN No.:

ABGPR0823H

DIN No.:

00229915

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	U34103KA1981PTC004542	SANSERA ENGINEERING PRIVATE LIMITED	Director	01/03/1991	01/03/1991	-	Active	NO
2	U02693KA1992PTC013599	MULDER (INDIA)PRIVATE LIMITED	Director	24/09/1997	24/09/1997	27/03/2014	Active	NO
3	U74140MH1998PTC116442	DFK CONSULTING SERVICES (INDIA) PRIVATE LIMITED	Director	04/09/1998	04/09/1998	17/02/2010	Active	NO
4	U29299KA2007PTC043270	Streparava India Private Limited	Director	09/08/2010	09/08/2010	15/07/2013	Active	NO

Name :

Mr. Fatheraj Singhvi

Designation :

Managing Director

Address :

Shanthi, No.232, Vishranti Enclave, Doddakalasandra Village, Kanakapura Road, Bangalore - 560062, Karnataka, India

Date of Birth/Age :

14.04.1955

Qualification :

B.Com, FCA

Date of Appointment :

26.02.2008

PAN No.:

AGHPS5273J

DIN No.:

00233146

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	U34103KA1981PTC004542	SANSERA ENGINEERING PRIVATE LIMITED	Managing director	26/02/2008	01/03/1991	-	Active	NO
2	U02693KA1992PTC013599	MULDER (INDIA)PRIVATE LIMITED	Director	13/10/1992	13/10/1992	-	Active	NO
3	U28991KA1999PTC026145	GEAROCK FORGE PRIVATE LIMITED	Director	29/12/1999	29/12/1999	-	Active	NO
4	U74999KA2006PTC040111	R.A.K. MULDER PORCELAIN PRIVATE LIMITED	Director	03/08/2006	03/08/2006	-	Active	NO
5	U29299KA2007PTC043270	Streparava India Private Limited	Director	28/06/2007	28/06/2007	15/07/2013	Active	NO
6	U99999DL1959PLC176013	AUTOMOTIVE COMPONENT MANUFACTURERS ASSOCIATION OF INDIA	Director	03/09/2008	03/09/2008	-	Active	NO
7	U74900KA2011PTC056928	EFF N' BEE HOSPITALITY PRIVATE LIMITED	Director	04/02/2011	04/02/2011	-	Active	NO
8	U29220KA1983PTC005690	FITWELL TOOLS AND FORGINGS PRIVATE LIMITED	Director	30/09/2011	24/06/2011	-	Active	NO
9	U51109KA2012PTC065155	MULDER TRADING PRIVATE LIMITED	Director	02/08/2012	02/08/2012	-	Active	NO

Name :

Mr. Subramonia Sekhar Vasan

Designation :

Managing Director

Address :

Oriental Home, No. 51, Ranga Rao Road, Basavanagudi, Bengaluru - 560004, Karnataka, India

Date of Birth/Age :

02.03.1953

Qualification :

B. Tech (IIT) PGDM (IIMB)

Date of Appointment :

08.07.2013

PAN No.:

ACSPV4395H

DIN No.:

00361245

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	U34103KA1981PTC004542	SANSERA ENGINEERING PRIVATE LIMITED	Managing director	08/07/2013	15/12/1981	-	Active	NO
2	U28991KA1999PTC026145	GEAROCK FORGE PRIVATE LIMITED	Director	29/12/1999	29/12/1999	-	Active	NO
3	U29299KA2007PTC043270	Streparava India Private Limited	Director	28/06/2007	28/06/2007	15/07/2013	Active	NO

Name :

Mr. Rajeev Kalra

Designation :

Additional Director

Address :

B-3/703, Parsvnath Exotica, Sector 53, Golf Course Road, Gurgaon -122002, Haryana, India

Date of Birth/Age :

22.12.1968

Date of Appointment :

11.11.2014

DIN No.:

00833789

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	U74140MH2006FTC166361	Headland Capital Partners (India) Private Limited	Director	20/12/2006	20/12/2006	10/09/2007	Under liquidation	NO
2	U24232KA2004PTC033578	BIOPLUS LIFE SCIENCES PRIVATE LIMITED	Alternate director	06/06/2008	06/06/2008	29/03/2010	Active	NO
3	L27102WB1999PLC089755	JAI BALAJI INDUSTRIES LIMITED	Director	22/09/2010	26/05/2010	23/06/2011	Active	NO
4	L15141MP1985PLC003171	K.S.OILS LIMITED	Director	30/09/2010	02/06/2010	05/05/2011	Active	NO
5	L74899DL1991PLC138153	SPENTEX INDUSTRIES LIMITED	Nominee director	30/09/2010	10/06/2010	-	Active	NO
6	U74999MH2013FTC249898	TRG Advisors India Private Limited	Director	07/10/2014	06/05/2014	-	Active	NO
7	U34103KA1981PTC004542	SANSERA ENGINEERING PRIVATE LIMITED	Additional director	11/11/2014	11/11/2014	-	Active	NO
8	U65993TN1995PLC098714	IND-BARATH POWER INFRA LIMITED	Nominee director	26/03/2015	26/03/2015	-	Active	NO
9	L74100DL1985PLC021350	GLOBE CAPITAL MARKET LIMITED	Additional director	28/04/2015	28/04/2015	-	Active	NO

Name :

Mr. Satish Chavva

Designation :

Director

Address :

80 City Harbour, 8 Selsdon Way, London, E149 GR, United Kingdom

Date of Birth/Age :

20.12.1974

Date of Appointment :

30.09.2013

DIN No.:

03615175

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	U51909MH2000PTC139321	YOU Broadband India Private Limited	Director	30/09/2011	26/09/2011	-	Active	NO
2	U34103KA1981PTC004542	SANSERA ENGINEERING PRIVATE LIMITED	Director	30/09/2013	08/07/2013	-	Active	NO

Name :

Mr. Raunak Gupta

Designation :

Director

Address :

C-21, Trishul Building Near Holy Spirit Hospital, Mahakali Caves Road, Andheri East, Mumbai - 400093, Maharashtra, India

Date of Birth/Age :

28.12.1978

Date of Appointment :

30.09.2013

DIN No.:

06624489

KEY EXECUTIVES

Name :	Mr. Rangasamy
Designation :	Finance Head
Name :	Mr. Ramakrishnan Subramanian
Designation :	Secretary
Address:	No. A-202 Nagarjuna Enclave, #76/A, 14th Cross, 1st Phase, J P Nagar, Bangalore - 560078, Karnataka, India
Date of Birth/Age :	13.07.1973
Date of Appointment :	01.07.2014
PAN No.:	AAHPR0308P
Name :	Mr. Saurabh Kumar
Designation :	Finance Manager

MAJOR SHAREHOLDERS

AS ON 30.09.2014

Names of Shareholders (Equity Shares)	No. of Shares
Anjana Iyer	100
CVCIGP II Client EBENE Limited	916
CVCIGP II Client EBENE Limited	20248
CVCIGP II Employee EBENE Limited	11339
CVCIGP II Employee EBENE Limited	514
Devappa Devaraj	4398
Devappa Devaraj	315
Fatheraj Singhvi	315
Fatheraj Singhvi	4398
Karthik Das	208
Nissin Manufacturing Company Limited	300
Sekhar Vasan	15821
Sekhar Vasan	1155
Unni Rajagopal K	4398
Unni Rajagopal K	315
Total	64740

Names of Shareholders (Preference Shares)	No. of Shares
Series ‘A’
CVCIGP II Employee Ebene Limited, Mauritius	107700
CVCIGP II Client Ebene Limited, Mauritius	192300
Series ‘B’
CVCIGP II Employee Ebene Limited, Mauritius	269250
CVCIGP II Client Ebene Limited, Mauritius	480750
Total	1050000

AS ON 30.09.2014

Equity Share Breakup	Percentage of Holding
Category
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	51.46
Directors or relatives of Directors	48.54
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Automobile Spare Parts and Equipment’s. (Confirmed by management)

Products :

Product Descriptions	ITC Code No.
Crank Shaft And Crank Shaftassembly	84589941
Connecting Rods, Gear Shifters, Rocker Arms And Others	87149600

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Available

Imports :

Products :

Raw Material

Countries :

Japan

Terms :

Selling :

Cheque

Purchasing :

Cheque

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference:	Not Divulged
Name of the Person (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Maximum limit dealt:	Not Divulged
Experience:	Not Divulged
Remark	Not Divulged

Customers :

Wholesalers and Retailers

Reference:	Kirloskar Oil Engines Limited
Name of the Person (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Maximum limit dealt:	Not Divulged
Experience:	Not Divulged
Remark	Not Divulged

· Moto Guzzi India

· Ashok Leyland Limited

· Harley Davidson

· Bajaj

· Honda

· Mahindra

· Yamaha

· Bosch

· Tata

· Royal Enfield

No. of Employees :

451 (Approximately)

Bankers :

Bank Name:	State Bank of India
Branch:	Specialised Commercial Branch, Krishi Bhavan, Hudson Circle, Bangalore -560001, Karnataka, India
Person Name (with Designation):	Not Divulged
Contact Number:	91-80-25943348
Name of Account Holder:	Not Divulged
Account Number:	Not Divulged
Account Since (Date/ Year of A/c Opening):	Not Divulged
Average Balance Maintained (Optional):	Not Divulged
Credit Facilities Enjoyed (CC/OD/Term Loan):	Not Divulged
Account Operation:	Not Divulged
Remarks:	Not Divulged

· CITI Bank N.A., 506-507, Level 5, Prestige Meridian 2, No.30, M.G. Road, Bangalore – 560 001, Karnataka, India

· Export-Import Bank of India, Centre One Building, Floor - 21, World Trade Centre Complex, Cuffe Parade, Mumbai – 400 005, Maharashtra, India

Facilities :

SECURED LOANS	31.03.2014 Rs. In Million	31.03.2013 Rs. In Million
LONG TERM BORROWINGS
Rupee term loans from banks	159.870	485.690
Rupee term loans from others	366.470	291.760
SHORT TERM BORROWINGS
Rupee term loans from banks	1034.250	1067.290
Total	1560.590	1844.740

Auditors :
Name :	B S R and Company Chartered Accountants
Address :	Maruti Info Tech Centre, 11-12/1, Inner Ring Road, Koramangala, Bangalore – 560 071, Karnataka, India
Income-tax PAN of auditor or auditor's firm :	ABVPM0614N
Memberships :	Not Available
Collaborators :	Not Available
Holding Companies :	· CVCIGPII Client Ebene Limited · CVCIGPII Employee Ebene Limited
Subsidiaries companies :	· Gearock Forge Private Limited (CIN No.: U28991KA1999PTC026145) · Fitwel Tools and Forgings Private Limited (CIN No.: U29220KA1983PTC005690) · Streparava India Private Limited (CIN No.: U29299KA2007PTC043270) · Sansera + Streparava Engineering Private Limited (Upto 15 July 2013)
Partnership firm in which the Company/ Director is a partner:	Singhvi Dev and Unni

CAPITAL STRUCTURE

AS ON 30.09.2014

Authorised Capital:

No. of Shares	Type	Value	Amount
1150000	Equity Shares	Rs.100/- each	Rs.115.000 Million
1050000	Preference Shares	Rs.100/- each	Rs.105.000 Million
	Total		Rs.220.000 Million

Issued, Subscribed & Paid-up Capital:

No. of Shares	Type	Value	Amount
64740	Equity Shares	Rs.100/- each	Rs.6.474 Million
1050000	Preference Shares	Rs.100/- each	Rs.105.000 Million
	Total		Rs.111.474 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	111.474	6.474	7.020
(b) Reserves & Surplus	2908.460	1723.410	1865.520
(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)	3019.934	1729.884	1872.540
(3) Non-Current Liabilities
(a) Long-term borrowings	526.340	777.450	750.710
(b) Deferred tax liabilities (Net)	138.620	124.100	106.200
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	3.640	6.590	16.650
Total Non-current Liabilities (3)	668.600	908.140	873.560
(4) Current Liabilities
(a) Short term borrowings	1190.550	1244.850	1092.700
(b) Trade payables	451.240	434.650	463.530
(c) Other current liabilities	432.276	451.646	375.690
(d) Short-term provisions	14.410	0.310	11.470
Total Current Liabilities (4)	2088.476	2131.456	1943.390
TOTAL	5777.010	4769.480	4689.490
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	2476.320	2216.650	1955.860
(ii) Intangible Assets	9.220	11.330	8.870
(iii) Capital work-in-progress	168.590	124.820	213.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	139.550	229.430	229.430
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	443.660	402.350	355.260
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	3237.340	2984.580	2762.420
(2) Current assets
(a) Current investments	0.100	0.100	0.100
(b) Inventories	971.920	738.000	699.540
(c) Trade receivables	1188.350	873.160	779.480
(d) Cash and cash equivalents	150.650	56.710	333.350
(e) Short-term loans and advances	224.400	116.540	111.160
(f) Other current assets	4.250	0.390	3.440
Total Current Assets	2539.670	1784.900	1927.070
TOTAL	5777.010	4769.480	4689.490

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income
	Other Income
	TOTAL	5872.330	4902.140	4631.300
Less	EXPENSES	5316.350	4616.320	4383.740
Less/ Add	PRIOR PERIOD EXPENSE/INCOME	0.000	0.000	-15.890
	PROFIT/ (LOSS) BEFORE TAX	555.980	285.820	231.670
Less	TAX	140.93	78.48	48.82
	PROFIT/ (LOSS) AFTER TAX	415.050	207.340	182.850
	EARNINGS IN FOREIGN CURRENCY	1176.080	643.620	NA
	Earnings / (Loss) Per Share (Rs.)	6411.02	3202.65	2824.37

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	276.970	277.210	270.440
Cash Generated from Operations	NA	NA	NA
Net Cash Flow from (used in) Operations	434.930	687.800	485.110

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Return on Total Assets (PBT/Total Assets}	(%)	10.17	6.47	5.45
Return on Investment (ROI) (PBT/Networth)		0.18	0.17	0.12
Debt Equity Ratio (Total Liability/Networth)		0.66	1.33	1.13
Current Ratio (Current Asset/Current Liability)		1.22	0.84	0.99

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	7.020	6.474	111.474
Reserves & Surplus	1865.520	1723.410	2908.460
Net worth	1872.540	1729.884	3019.934
Long-term borrowings	750.710	777.450	526.340
Short term borrowings	1092.700	1244.850	1190.550
Current Maturities Of Long-Term Debts	270.440	277.210	276.970
Total borrowings	2113.850	2299.510	1993.860
Debt/Equity ratio	1.129	1.329	0.660

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)
Total Income	4631.300	4902.140	5872.330
		5.848	19.791

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Total Income	4631.300	4902.140	5872.330
Profit	182.850	207.340	415.050
	3.95%	4.23%	7.07%

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	Yes
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	Yes
18	Major suppliers	No
19	Major customers	Yes
20	Banking Details	Yes
21	Banking facility details	Yes
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	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	Yes
35	Negative Reporting by Auditors in the Annual Report	No

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10523536	19/09/2014	100,000,000.00	CITI BANK N.A.	2ND FLOOR, NO. 5, M. G. ROAD, BANGALORE - 560001, KARNATAKA, INDIA	C25201682
2	10518977	14/08/2014	200,000,000.00	BAJAJ FINANCE LIMITED	AKURDI, PUNE - 411035, MAHARASHTRA, INDIA	C19864917
3	10476621	01/01/2014	200,000,000.00	BAJAJ FINANCE LIMITED	MUMBAI - PUNE ROAD, AKURDI, PUNE - 411035, MAHARASHTRA, INDIA	B95957882
4	10345624	10/09/2012 *	400,000,000.00	BAJAJ FINANCE LIMITED	4TH FLOOR, BAJAJ FINSERV CORPORATE OFFICE, OFF P  UNE-AHMEDNAGAR ROAD, VIMAN NAGAR, PUNE - 411014, MAHARASHT  RA, INDIA	B58860610
5	10331648	10/09/2012 *	120,000,000.00	CITI BANK N.A.	506-507, LEVEL 5, PRESTIGE MERIDIAN 2, NO.30, M. G. ROAD, BANGALORE - 560001, KARNATAKA, INDIA	B58862921
6	90194595	19/03/2015 *	1,020,000,000.00	CITI BANK N.A.	506-507, LEVEL 5, PRESTIGE MERIDIAN 2, NO. 30, M. G. ROAD, BANGALORE - 560001, KARNATAKA, INDIA	C48768766
7	80003319	20/04/2013 *	2,451,300,000.00	STATE BANK OF INDIA	SPECIALISED COMMERCIAL BRANCH, KRISHI BHAVAN, HUDSON CIRCLE, BANGALORE - 560001, KARNATAKA, INDIA	B75323428
8	90189427	09/02/2005 *	24,200,000.00	STATE BANK OF INDIA	BANGALORE COMMERCIAL BRANCH, KRISHI BHAVAN. HUDSON CIRCLE, BANGALORE - 560001, KARNATAKA, INDIA	-
9	90191736	30/07/2004 *	24,200,000.00	STATE BANK OF INDIA	BANGALORE COMMERCIAL BRANCH, KRISHI BHAVAN HUNDSON CIRCLE, BANGALORE - 560001, KARNATAKA, INDIA	-
10	90194050	21/03/2005 *	24,200,000.00	STATE BANK OF INDIA	BANAGALORE COMMERCIAL BRANCH, KRISHI BHAVAN; HUDSON CIRCLE, BANGALORE, KARNATAKA, INDIA	-
11	90191096	02/12/1994 *	277,200.00	STATE BANK OF INDIA	SIB DIVISION, BANGALORE CITY BRANCH; J. C. ROAD,  BANGALORE - 560002, KARNATAKA, INDIA	-
12	90193712	27/11/1995 *	277,200.00	STATE BANK OF INDIA	BANAGALORE CITY BRANCH, J. C. ROAD, BANGALORE, KA  RNATAKA, INDIA	-
13	90190282	08/05/1995 *	850,000.00	STATE BANK OF INDIA	BANGALORE CITY BRANCH, J. C. ROAD, BANGALORE - 560002, KARNATAKA, INDIA	-
14	90193371	26/04/1993 *	850,000.00	STATE BANK OF INDIA	BANGALORE CITY BRANCH, J. C. ROAD, BANGALORE - 560002, KARNATAKA, INDIA	-
15	90194860	23/03/1994 *	850,000.00	STATE BANK OF INDIA	BANAGALORE CITY BRANCH, J. C. ROAD, BANGALORE - 560002, KARNATAKA, INDIA	-

* Date of charge modification

UNSECURED LOANS

Particulars	31.03.2014 Rs. In Million	31.03.2013 Rs. In Million
SHORT TERM BORROWINGS
Loans repayable on demand from others	150.000	0.000
Working capital loans from banks	0.000	50.000
Loans and advances from related parties	6.300	27.560
Other loans and advances	0.000	100.000
Total	156.300	177.560

FIXED ASSETS:

· Land

· Building

· Plant and Machinery

· Computer

· Vehicles

· Furniture and Fixture

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.66.83
UK Pound	1	Rs.101.04
Euro	1	Rs.73.04

INFORMATION DETAILS

Information Gathered by :	GAY
Analysis Done by :	KYP
Report Prepared by :	PNM

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILITY	1~10	6
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--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		50

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.