MIRA INFORM REPORT

Report No. :	355263
Report Date :	21.12.2015

IDENTIFICATION DETAILS

Name :	PRICOL PUNE PRIVATE LIMITED (w.e.f. 29.05.2015)

Formerly Known As :	JOHNSON CONTROLS PRICOL PRIVATE LIMITED (w.e.f. 11.07.2012) PRICOL PUNE PRIVATE LIMITED (w.e.f. 30.04.2012) PRICOL PUNE LIMITED

Registered Office :	Survey No.1062, 1065 and 1066, Village Pirangut, Taluka Mulshi, Pune-412108, Maharashtra
Tel. No.:	91-20-22923901/ 39115023/ 39115074/ 39115000

Country :	India

Financials (as on) :	31.03.2015

Date of Incorporation :	18.05.2011

Com. Reg. No.:	11-139594

Capital Investment / Paid-up Capital :	Rs. 100.000 Million

CIN No.: [Company Identification No.]	U34200PN2011PTC139594

IEC No.:	3111028828

TAN No.: [Tax Deduction & Collection Account No.]	Not Available

PAN No.: [Permanent Account No.]	AAGCP0139E

Legal Form :	Private Limited Liability Company

Line of Business :	Manufacturing and Exporting of Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment. (Registered Activity)

No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

Ba (42)

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

Maximum Credit Limit :	USD 1400000

Status :	Satisfactory

Payment Behaviour :	Usually correct

Litigation :	Clear

Comments :	Subject is a wholly owned subsidiary of Pricol Limited incorporated in the year 2011. It has satisfactory track. The company has registered losses from its operations in the FY – 2015. However it has achieved decent sales turnover. Rating reflects company’s healthy financial base, low debt levels along with strong financial and managerial support which it receives from its holding company. Trade relations are fair. Business is active. Payments are usually correct. The company can be considered 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

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 31-03-2015.

INFORMATION DENIED BY

Name :	Mr. Kannan
Designation :	Deputy Manager
Contact No.:	91-8888800249
Date :	17.12.2015

LOCATIONS

Registered Office :	Survey No.1062, 1065 and 1066, Village Pirangut, Taluka Mulshi, Pune-412108, Maharashtra, India
Tel. No.:	91-20-22923901/ 39115023/ 39115074/ 39115000
Fax No.:	91-20-22923911/ 39115021
E-Mail :	rajesh.srinivasan@pricol.co.in divya.rai@pricol.co.in manas.patra-ext@jcppl.com pppl@pricol.co.in
Website :	http://www.pricol.com
Area :	27,092.21 sq. ft

Factory 1:	Gat No 1071, Village Pirangut, Taluka Mulshi, Pune-412108, Maharashtra, India
Area :	412.36 sq. mts

Factory 2 :	Village Pirangut, Taluka Mulshi, Pune-412108, Maharashtra, India
Area :	120,349 sq.ft

DIRECTORS

As on: 31.03.2015

Name :

Mr. Vijay Mohan

Designation :

Director

Address :

"Shrimayi", New No.232, Old No.170, Tea Estates, Race Course, Coimbatore, 641018, Tamil Nadu, India

Date of Birth/Age :

11.10.1947

Date of Appointment :

18.05.2011

DIN No.:

00001843

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	L33129TZ1972PLC000641	PRICOL LIMITED	Director	02/08/2013	18/02/1974	-	Active	NO
2	U65921TZ1981PLC001043	PRICOL HOLDINGS LIMITED	Director	19/08/1981	19/08/1981	-	Active	NO
3	L35999TN1964PLC005276	RANE BRAKE LININGS LIMITED	Director	27/06/1986	27/06/1986	-	Amalgamated	NO
4	L17111TZ1962PLC001183	PRECOT MERIDIAN LIMITED	Director	11/12/1991	11/12/1991	-	Active	NO
5	U02511TZ1992PTC003755	BHAVANI INFIN SERVICES INDIA PRIVATE LIMITED	Director	07/05/1992	07/05/1992	19/10/2011	Active	NO
6	U02102TZ1999PLC008898	PPL ENTERPRISES LIMITED	Director	17/06/1999	17/06/1999	-	Active	NO
7	U29308TZ2002PLC010356	XENOS AUTOMOTIVE LIMITED	Whole-time director	03/12/2013	06/11/2002	-	Amalgamated	NO
8	U72200TG2004PLC078933	SYNORO TECHNOLOGIES LIMITED	Director	15/12/2004	15/12/2004	17/04/2010	Active	NO
9	U02922TZ1994PLC005583	COIMBATORE METAL WORKS LIMITED	Director	18/08/2006	11/06/2005	-	Active	NO
10	U70101TZ2005PTC011769	PRIANA ENTERPRISES INDIA Private Limited	Director	13/01/2006	13/01/2006	05/09/2008	Active	NO
11	U00113TZ1996PLC007639	PRICOL TECHNOLOGIES LIMITED	Director	13/01/2006	13/01/2006	-	Active	NO
12	U45201TZ2006PLC012518	PRICOL PROPERTIES LIMITED	Director	27/01/2006	27/01/2006	-	Active	NO
13	U32104TZ2007PLC014032	ANANYA INNOVATIONS LIMITED	Director	21/11/2007	21/11/2007	-	Strike off	NO
14	L63011TN2004PLC054948	RANE BRAKE LINING LIMITED	Additional director	06/02/2008	06/02/2008	26/05/2008	Active	NO
15	L35999TN1936PLC002202	RANE HOLDINGS LIMITED	Director	30/07/2008	09/06/2008	17/08/2009	Active	NO
16	U33112TZ2008PLC014635	PRICOL MEDICAL SYSTEMS LIMITED	Director	14/07/2008	14/07/2008	-	Amalgamated	NO
17	U34200PN2011PTC139594	PRICOL PUNE PRIVATE LIMITED	Director	18/05/2011	18/05/2011	-	Active	NO
18	U34300DL2012PTC282384	DENSO AUTO BODY PARTS INDIA PRIVATE LIMITED	Director	22/08/2012	22/08/2012	24/04/2013	Active	NO

Name :

Mr. Samakulam Anantha Padmanabhan Gopalakrishnan

Designation :

Director

Address :

Old No 11 New No 17 Sriramajayam,, North South Road-No 4, Muthuswamy Colony,, Coimbatore, 641026, Tamil Nadu, India

Date of Appointment :

21.05.2015

DIN No.:

03594629

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	U29308TZ2002PLC010356	XENOS AUTOMOTIVE LIMITED	Director	30/09/2011	02/09/2011	-	Amalgamated	NO
2	U63040TZ2002PLC010019	PRICOL TRAVEL LIMITED	Director	28/09/2012	21/09/2012	-	Active	NO
3	U65921TZ1981PLC001043	PRICOL HOLDINGS LIMITED	Director	29/09/2012	21/09/2012	-	Active	NO
4	U45201TZ2006PLC012518	PRICOL PROPERTIES LIMITED	Director	28/09/2012	21/09/2012	-	Active	NO
5	U67120TZ1994PLC005250	INTEGRAL INVESTMENTS LIMITED	Director	03/07/2013	26/09/2012	-	Active	NO
6	U70200TZ2012PLC017978	PRINFRA LIMITED	Director	30/09/2013	04/10/2012	-	Active	NO
7	U63040TZ2004PLC011141	PRIARA ENTERPRISES LIMITED	Additional director	07/11/2013	07/11/2013	-	Strike off	NO
8	U74900TZ2013PTC019245	VENKATARAMANA HOLDINGS PRIVATE LIMITED	Director	10/09/2014	30/04/2014	-	Active	NO
9	U00113TZ1996PLC007639	PRICOL TECHNOLOGIES LIMITED	Director	28/03/2015	02/06/2014	-	Active	NO
10	U02102TZ2004PLC011345	M AND M ENTERPRISES (INDIA) LIMITED	Director	24/09/2014	13/06/2014	-	Active	NO
11	U02102TZ1999PLC008898	PPL ENTERPRISES LIMITED	Director	24/09/2014	13/06/2014	-	Active	NO
12	U34200PN2011PTC139594	PRICOL PUNE PRIVATE LIMITED	Director	07/08/2015	21/05/2015	-	Active	NO

Name :

Mr. Vikram Mohan

Designation :

Managing Director

Address :

No.1,East End, Kallimadai Road, Singanallur, Coimbatore, 641005, Tamil Nadu, India

Date of Birth/Age :

23.05.1975

Date of Appointment :

01.06.2013

DIN No.:

00089968

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	U00113TZ1996PLC007244	PRIME AGRI SOLUTIONS (INDIA) LIMITED	Director	14/01/2000	14/01/2000	-	Strike off	NO
2	U63040TZ2002PLC010019	PRICOL TRAVEL LIMITED	Director	24/01/2002	24/01/2002	-	Active	NO
3	U02102TZ1999PLC008898	PPL ENTERPRISES LIMITED	Director	31/07/2002	31/07/2002	-	Active	NO
4	U63040TZ2004PLC011141	PRIARA ENTERPRISES LIMITED	Director	14/05/2004	14/05/2004	-	Strike off	NO
5	U02102TZ2004PLC011345	M AND M ENTERPRISES (INDIA) LIMITED	Director	16/09/2004	16/09/2004	-	Active	NO
6	U70101TZ2005PTC011769	PRIANA ENTERPRISES INDIA Private Limited	Director	29/04/2005	29/04/2005	05/09/2008	Active	NO
7	U45201TZ2006PLC012518	PRICOL PROPERTIES LIMITED	Director	27/01/2006	27/01/2006	-	Active	NO
8	U72200TZ2006PTC012569	CARCERANO PRICOLTECH (INDIA) PRIVATE LIMITED	Director	10/02/2006	10/02/2006	13/12/2013	Strike off	NO
9	U45201TZ2007PLC013596	Vascon Pricol Infrastructures Limited	Director	02/04/2007	02/04/2007	20/08/2014	Active	NO
10	U29308TZ2002PLC010356	XENOS AUTOMOTIVE LIMITED	Director	30/09/2008	24/01/2008	05/01/2009	Amalgamated	NO
11	U72200TG2004PLC078933	SYNORO TECHNOLOGIES LIMITED	Alternate director	24/01/2008	24/01/2008	06/10/2009	Active	NO
12	U02922TZ1994PLC005583	COIMBATORE METAL WORKS LIMITED	Alternate director	24/01/2008	24/01/2008	11/01/2011	Active	NO
13	L33129TZ1972PLC000641	PRICOL LIMITED	Managing director	01/04/2013	29/05/2009	-	Active	NO
14	U00113TZ1996PLC007639	PRICOL TECHNOLOGIES LIMITED	Director	30/09/2015	05/06/2010	-	Active	NO
15	U65921TZ1981PLC001043	PRICOL HOLDINGS LIMITED	Director	29/09/2012	30/12/2011	-	Active	NO
16	U70200TZ2012PLC017978	PRINFRA LIMITED	Director	05/03/2012	05/03/2012	28/03/2014	Active	NO
17	U34300DL2012PTC282384	DENSO AUTO BODY PARTS INDIA PRIVATE LIMITED	Director	18/09/2013	23/04/2013	17/03/2015	Active	NO
18	U34200PN2011PTC139594	PRICOL PUNE PRIVATE LIMITED	Managing director	05/08/2015	01/06/2013	-	Active	NO
19	U99999DL1959PLC176013	AUTOMOTIVE COMPONENT MANUFACTURERS ASSOCIATION OF INDIA	Director	05/09/2013	05/09/2013	03/09/2015	Active	NO

Name :

Mr. Subramanian

Designation :

Director

Address :

No.B1, Block4, Alsa Green Park, Nehru Nagar, Chrompet, Chennai, 600044, Tamil Nadu, India

Date of Appointment :

21.05.2015

DIN No.:

06631555

Other Directorship:

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

U29308TZ2002PLC010356

XENOS AUTOMOTIVE LIMITED

Director

30/09/2013

19/07/2013

Amalgamated

U34200PN2011PTC139594

PRICOL PUNE PRIVATE LIMITED

Director

07/08/2015

21/05/2015

Active

KEY EXECUTIVES

Name :	Mr. Kannan
Designation :	Deputy Manager

Name :	JMACS Associates
Designation :	Company Secretaries
Address :	No. 51, 1^st Floor, Ramasamy Layout (D.P.FStreet), Pappanaickenpalayam, Coimbatore – 641037, Karnataka, India

Name :	Mr. Jinesh Bohra
Designation :	Chief Finance Executive
Address :	No.15, Khod Ka Bas, Pali, 306401, Rajasthan, India
Date of Appointment :	21.05.2015
PAN No.:	AKRPJ0922F

Name :	Divya Rai
Designation :	Secretary
Address :	Flat No. 7 Shivraj Society, Paramhans Nagar, Kothrud, Pune, 411038, Maharashtra, India
Date of Appointment :	01.07.2015
PAN No.:	BBYPR3785D

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 31.03.2015

Names of Shareholders		No. of Shares
Pricol Limited, India		5000000
Johnson Control Enterprises Limited, UK		5000000
Total		10000000

Equity Share Break up (Percentage of Total Equity)

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	50.00
Bodies corporate	50.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturing and Exporting of Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment. (Registered Activity)

Products :

Item Code No.	Product Description
90268090	Instrument cluster

Brand Names :

Not Divulged

Agencies Held :

Not Divulged

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Not Divulged

PRODUCTION STATUS NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

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

Customers :

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

No. of Employees :

Not Divulged

Bankers :

IDBI Bank Limited
Indian Bank 31 Variety Hall Road, Coimbatore - 641001, Tamilnadu, India

Bank Name	Not Divulged
Branch	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 :

Secured Loan	31.03.2015 (Rs. in Million)	31.03.2014 (Rs. in Million)
Long-term Borrowings
Term loans from banks	20.000	0.000
Short-term borrowings	0.000	0.000
Working capital loans from banks	69.423	0.000
Other loans and advances	35.960	80.790
Total	125.383	80.790

Auditors :
Name :	Deloitte Haskins and Sells Chartered Accountants
Address :	706, 'B' Wing, 7th Floor, ICC Trade Tower, Senapati Bapat Road, Pune- 411016, Maharashtra, India
PAN No.:	AABFD7919A
E-Mail :	ganshankar@deloitte.com

Memberships :	---

Collaborators :	----

Holding company	Pricol Limited (L33129TZ1972PLC000641) Johnsons Control Enterprises Limited

CAPITAL STRUCTURE

As on: 30.09.2015

Authorised Capital :

No. of Shares	Type	Value	Amount

10000000	Equity Shares	Rs.10/- each	Rs. 100.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

10000000	Equity Shares	Rs.10/- each	Rs. 100.000 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2015	31.03.2014	31.03.2013
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	100.000	100.000	100.000
(b) Reserves & Surplus	383.494	510.575	649.320
(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)	483.494	610.575	749.320

(3) Non-Current Liabilities
(a) long-term borrowings	20.000	0.000	5.000
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	1.089	1.089	1.090
(d) long-term provisions	2.695	2.147	1.760
Total Non-current Liabilities (3)	23.784	3.236	7.850

(4) Current Liabilities
(a) Short term borrowings	142.465	160.853	74.130
(b) Trade payables	316.161	265.231	192.230
(c) Other current liabilities	22.227	24.064	115.320
(d) Short-term provisions	14.145	7.678	0.980
Total Current Liabilities (4)	494.998	457.826	382.660

TOTAL	1002.276	1071.637	1139.830

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	485.343	495.535	489.840
(ii) Intangible Assets	118.259	178.656	238.740
(iii) Capital work-in-progress	39.365	27.630	1.190
(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	12.789	10.912	3.230
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	655.756	712.733	733.000

(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	132.691	155.845	150.240
(c) Trade receivables	186.039	177.576	233.650
(d) Cash and cash equivalents	13.430	1.984	1.000
(e) Short-term loans and advances	14.360	23.499	21.930
(f) Other current assets	0.000	0.000	0.010
Total Current Assets	346.520	358.904	406.830

TOTAL	1002.276	1071.637	1139.830

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2015	31.03.2014	31.03.2013
	SALES
		Income	979.955	1029.611	1234.060
		Other Income	14.070	7.371	12.610
		TOTAL (A)	994.025	1036.982	1246.670

Less	EXPENSES
		Cost of Materials Consumed	828.283	811.977
		Exceptional Item	0.000	38.304
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(6.290)	6.840
		Employees benefits expense	70.045	84.503
		Other expenses	126.734	134.652
		TOTAL (B)	1018.772	1076.276	1282.190

	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		(24.747)	(39.294)

Less	FINANCIAL EXPENSES (D)		9.748	11.843

	PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		(34.495)	(51.137)

Less	DEPRECIATION/ AMORTISATION (F)		92.585	87.604

	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)		(127.080)	(138.741)	(35.520)

Less	TAX (H)		0.000	0.000	(0.120)

	PROFIT/ (LOSS) AFTER TAX (G-H) (I)		(127.080)	(138.741)	(35.400)

	EARNINGS IN FOREIGN CURRENCY		13.590	4.470	4.680

	IMPORTS
		Raw Materials	350.240	355.980	239.520
		Other	4.370	6.360	0.220
		Capital Goods	4.400	7.260	3.640
	TOTAL IMPORTS		359.010	369.600	243.380

	Earnings Per Share (Rs.)		(12.71)	(13.87)	(3.54)

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2015	31.03.2014	31.03.2013
Current Maturities of Long term debt	0.000	5.000	52.500
Net cash flows from (used in) operations	61.393	38.589	86.870
Net cash flows from (used in) operating activities	60.706	38.084	84.260

KEY RATIOS

PARTICULARS		31.03.2015	31.03.2014	31.03.2013
Net Profit Margin (PAT / Sales)	(%)	(12.97)	(13.48)	(2.87)

Operating Profit Margin (PBIDT/Sales)	(%)	(2.53)	(3.82)	(2.88)

Return on Total Assets (PBT/Total Assets}	(%)	(13.20)	(13.29)	(3.12)

Return on Investment (ROI) (PBT/Networth)		(0.26)	(0.23)	(0.05)

Debt Equity Ratio (Total Debt /Networth)		0.34	0.27	0.18

Current Ratio (Current Asset/Current Liability)		0.70	0.78	1.06

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	100.000	100.000	100.000
Reserves & Surplus	649.320	510.575	383.494
Net worth	749.320	610.575	483.494

long-term borrowings	5.000	0.000	20.000
Short term borrowings	74.130	160.853	142.465
Current Maturities of Long term debt	52.500	5.000	0.000
Total borrowings	131.630	165.853	162.465
Debt/Equity ratio	0.176	0.272	0.336

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	1234.060	1029.611	979.955
		(16.567)	(4.823)

NET PROFIT MARGIN

Net Profit Margin	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	1234.060	1029.611	979.955
Profit (loss)	(35.400)	(138.741)	(127.080)
	(2.87%)	(13.48%)	(12.97%)

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	Yes
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)	No
16	No. of employees	Yes
17	Details of sister concerns	Yes
18	Major suppliers	No
19	Major customers	No
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	No
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

UNSECURED LOAN

PARTICULARS	31.03.2015 (Rs. in Million)	31.03.2014 (Rs. in Million)
Short-term borrowings
Working capital loans from banks	0.000	80.063
Other loans and advances, others	37.082	0.000
Total	37.082	80.063

INDEX OF CAHREGS:

S. NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10363014	20/06/2015 *	220,000,000.00	INDIAN BANK	COIMBATORE MAIN BRANCH, 31, VARIETY HALL ROAD, CO IMABTORE - 641001, Tamilnadu, INDIA	C58818857

* Date of charge modification

FIXED ASSETS

Land
Furniture and fixtures
Building
Factory equipments
Motor vehicles
Office equipment
Goodwill
Computer software

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No 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.66.42
UK Pound	1	Rs.99.17
Euro	1	Rs.72.14

INFORMATION DETAILS

Information Gathered by :	SPY

Analysis Done by :	TRI

Report Prepared by :	MTN

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILITY	1~10	3
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	5
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		42

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.

MIRA INFORM REPORT

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