MIRA INFORM REPORT

Report No. :	354765
Report Date :	22.12.2015

IDENTIFICATION DETAILS

Name :	SEW ENGINEERING (INDIA) PRIVATE LIMITED (w.e.f. 02.12.2010)
Formerly Known As :	SEW ELECTRICALS PRIVATE LIMITED
Registered Office :	104, Hanuman Industrial Estate, 42, G.D. Ambedkar Road, Wadala, Mumbai – 400031, Maharashtra
Tel. No.:	91-22-61359200
Country :	India
Financials (as on) :	31.03.2015
Date of Incorporation :	06.03.1998
Com. Reg. No.:	11-113861
Capital Investment / Paid-up Capital :	Rs.38.045 Million
CIN No.: [Company Identification No.]	U40100MH1998PTC113861
TIN No.:	27390000752
IEC No.:	0310007704
TAN No.: [Tax Deduction & Collection Account No.]	MUMS38133E
PAN No.: [Permanent Account No.]	AACCS4827L
Legal Form :	Private Limited Liability Company
Line of Business :	Electric Power generation, Transmission and Distribution. (Registered Activity)
No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

Ba (45)

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

Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject was incorporated in the year 1998, and it is established company having satisfactory track record. The rating favorably factor in the satisfactory capital structure and comfortable coverage indicators, healthy operating income and debt protection metrics. The rating also take into account the long track record of operations of the company as electrical contractor resulting in established relationship with customers which ensures repeat orders. The rating remains constrained by moderate scale of operations high working capital intensity of the business and company’s exposure to real estate sector. Trade relations are reported to be fair. Business is active. Payments are reported to be usually correct. In view of aforesaid, the company can be considered for business dealings with usual trade term 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 31-03-2015.

INFORMATION DENIED BY

Name :	Mr. Aktar
Designation :	Finance Department
Contact No.:	91-22-61359200
Date :	21.12.2015

LOCATIONS

Registered Office :	104, Hanuman Industrial Estate, 42, G.D. Ambedkar Road, Wadala, Mumbai – 400031, Maharashtra, India
Tel. No.:	91-22-61359200
Fax No.:	91-22-66606818
E-Mail :	info@sewepl.net sew@sewepl.net sanjay.gosalia@sewepl.net
Website :	http://www.sewepl.net
Corporate Office :	302, Rustomjee Aspiree, Bhanu Shankar Yagnik Marg, Off Eastern Express Highway, Sion (East), Mumbai – 400 022, Maharashtra, India
Tel. No.:	91-22-61359200
Fax No.:	91-22-61359201
Branch Office :	Located at: · Mumbai · Pune · Hyderabad · Bangalore · Goa

DIRECTORS

As on 31.03.2015

Name :

Mr. Bharat Shantilal Sanghavi

Designation :

Director

Address :

B-403, Nilesh Apartments, Haridas Nagar, Shimpoli Road, Borivali (West), Mumbai – 400 092, Maharashtra, India

Date of Birth/Age :

28.08.1955

Date of Appointment :

04.08.2010

DIN No.:

00046906

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	U99999MH1975PLC110425	Kamal Realty Limited	Director	23/06/2000	23/06/2000	06/03/2010	Active	NO
2	U51420MH1995PTC095687	PACIFIC PIRAMAL TRADING PRIVATE LIMITED	Director	12/08/2002	12/08/2002	28/12/2009	Active	NO
3	U17110MH1995PTC091807	MORARJEE GOCULDAS SPG. & WVG. PRIVATE LIMITED	Director	20/03/2003	20/03/2003	28/12/2009	Active	NO
4	U17100MH1987PLC044296	JUST TEXTILES LIMITED	Director	29/09/2006	24/04/2006	11/02/2010	Active	NO
5	U17110MH1997PTC110278	MORARJEE CASTIGLIONI (INDIA) PRIVATE LIMITED	Director	15/06/2006	15/06/2006	28/12/2009	Active	NO
6	U74999MH2007PTC168794	Highend Mercantile Private Limited	Director	29/09/2007	14/08/2007	29/12/2007	Active	NO
7	U51909MH2005PTC150767	SUREWIN TRADING COMAPNY PRIVATE LIMITED	Director	24/09/2007	14/08/2007	05/05/2008	Amalgamated	NO
8	U51909MH2005PTC150680	ALLTIME MERCANTILE COMPANY PRIVATE LIMITED	Director	24/09/2007	14/08/2007	05/05/2008	Amalgamated	NO
9	U24110MH1982PLC027238	PIRAMAL POLYMERS LTD	Director	27/09/2007	14/08/2007	-	Amalgamated	NO
10	U51909MH2005PTC154669	GOLDSPOT TRADING COMPANY PRIVATE LIMITED	Director	24/09/2007	17/08/2007	-	Amalgamated	NO
11	U51909MH2005PTC154668	WINSTAR TRADING COMPANY PRIVATE LIMITED	Director	24/09/2007	17/08/2007	-	Amalgamated	NO
12	U51909MH2005PTC150857	MAXPLAZA TRADING COMPANY PRIVATE LIMITED	Director	24/09/2007	17/08/2007	-	Amalgamated	NO
13	U51909MH2005PTC150670	NEWZONE MERCANTILE COMPANY PRIVATE LIMITED	Director	24/09/2007	20/08/2007	05/05/2008	Amalgamated	NO
14	U51909MH2005PTC150570	SUPERPLAZA MERCANTILE COMPANY PRIVATE LIMITED	Director	24/09/2007	20/08/2007	05/05/2008	Amalgamated	NO
15	U51909MH2005PTC150569	TOPFLAG TRADING COMPANY PRIVATE LIMITED	Director	24/09/2007	20/08/2007	05/05/2008	Amalgamated	NO
16	U45202MH2008PTC183093	IGATE REALTORS PRIVATE LIMITED	Director	03/06/2008	03/06/2008	20/08/2012	Active	NO
17	U45400MH2008PLC182058	ROCKFIRST REAL ESTATE LIMITED	Director	12/06/2009	31/07/2008	-	Active	NO
18	U51900MH2006PTC158978	Delta Hospitality Private Limited	Director	24/09/2009	20/03/2009	-	Amalgamated	NO
19	U55101MH1999PLC118542	PENINSULA FACILITY MANAGEMENT SERVICES LIMITED	Director	03/08/2009	03/07/2009	-	Active	NO
20	U40100MH1998PTC113861	SEW ENGINEERING (INDIA) PRIVATE LIMITED	Director	04/08/2010	25/08/2009	-	Active	NO
21	U51900MH1995PLC091144	RISHIRAJ ENTERPRISES LIMITED	Additional director	27/01/2010	27/01/2010	19/04/2010	Amalgamated	NO
22	U70200MH2008PLC185165	TOPVALUE REAL ESTATE DEVELOPMENT LIMITED	Director	29/09/2010	10/03/2010	-	Active	NO
23	U70102MH2008PLC186455	TRUEWIN REALTY LIMITED	Director	29/09/2010	12/03/2010	-	Active	NO
24	U70109MH2007PTC167084	Peninsula Land Development Private Limited	Director	30/09/2010	25/03/2010	29/01/2015	Active	NO
25	U70109MH2007PTC167083	Peninsula Developers and Builders Private Limited	Director	30/09/2010	25/03/2010	-	Active	NO
26	U67190MH1995PTC085165	RENATO FINANCE AND INVESTMENTS PRIVATE LIMITED	Director	30/07/2010	27/05/2010	18/10/2014	Active	NO
27	U70109MH2007PTC167090	Peninsula Integrated Land Developers Private Limited	Director	09/08/2011	07/06/2010	-	Active	NO
28	U70200MH2007PTC167081	Peninsula Real Estate Management Private Limited	Director	30/09/2010	07/06/2010	29/01/2015	Active	NO
29	U70100MH2006PTC159676	Peninsula Mega-City Development Private Limited	Director	30/09/2010	30/06/2010	29/01/2015	Active	NO
30	U70102MH2008PTC185236	Goodbuy Real Estate Private Limited	Director	28/09/2010	15/07/2010	-	Active	NO
31	U70102MH2008PTC184961	Goodtime Real Estate Development Private Limited	Director	26/09/2014	23/07/2010	05/03/2015	Active	NO
32	U45400MH2008PTC182059	Royalfeel Real Estate Development Private Limited	Director	30/09/2011	05/10/2010	-	Active	NO
33	U45400MH2010PTC207582	RA REALTY VENTURES PRIVATE LIMITED	Director	30/12/2011	15/10/2010	-	Converted to LLP and dissolved	NO
34	L18109MH2007PLC172888	Integra Garments and Textiles Limited	Director	02/09/2011	15/10/2010	28/12/2011	Active	NO
35	U45400MH2007PLC171263	RR MEGA CITY BUILDERS LIMITED	Director	30/09/2011	09/03/2011	-	Active	NO
36	U45400MH2008PLC185456	GOODHOME REALTY LIMITED	Director	30/09/2011	09/03/2011	05/03/2015	Active	NO
37	U70102MH2010PTC210969	FLAXO REAL ESTATE PRIVATE LIMITED	Director	30/09/2011	05/04/2011	25/09/2014	Active	NO
38	U70100MH2010PTC210954	WISMORE REAL ESTATE PRIVATE LIMITED	Director	13/08/2012	05/04/2011	-	Amalgamated	NO
39	U70102MH2008PTC180194	CORNICHE LAND PRIVATE LIMITED	Director	30/09/2011	04/06/2011	-	Active	NO
40	U70100MH1995PTC084292	PAVUROTTI REAL ESTATE PRIVATE LIMITED	Director	13/08/2012	04/10/2011	-	Active	NO
41	U70102MH2011PTC218444	Bridgeview Real Estate Development Private Limited	Director	13/08/2012	13/10/2011	-	Converted to LLP and dissolved	NO
42	U45400MH2007PTC171262	RR Mega Property Developers Private Limited	Director	13/08/2012	17/03/2012	-	Amalgamated	NO
43	U67190MH2011PLC218679	Peninsula Brookfield Capital Advisors Limited	Director	30/09/2013	07/08/2013	29/01/2015	Active	NO
44	U00304GA2006PTC004532	PENINSULA PHARMA RESEARCH CENTRE PRIVATE LIMITED	Director	26/09/2014	27/08/2013	-	Active	NO
45	U70200MH2007PLC167082	PENINSULA MEGA TOWNSHIP DEVELOPERS LIMITED	Director	27/08/2015	30/03/2015	-	Active	NO

Name :

Mr. Dinesh Roopchand Jain

Designation :

Director

Address :

1303 13th Floor, Raheja Tipco Heights Tower-I, Rani Sati Marg Malad East, Mumbai - 400097, Maharashtra, India

Date of Appointment :

30.09.2015

DIN No.:

00059913

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	U45200MH2010PLC200748	BAHARAMPORE-FARAKKA HIGHWAYS LIMITED	Director	07/06/2011	20/04/2010	07/09/2011	Active	NO
2	U45400MH2010PLC200734	RAIGANJ-DALKHOLA HIGHWAYS LIMITED	Director	07/06/2011	20/04/2010	07/09/2011	Active	NO
3	U45400MH2010PLC200733	FARAKKA-RAIGANJ HIGHWAYS LIMITED	Director	07/06/2011	20/04/2010	07/09/2011	Active	NO
4	U45203MH2009PLC191222	DHULE PALESNER TOLLWAY LIMITED	Director	07/06/2011	24/06/2010	28/08/2012	Active	NO
5	U40101HP2004PTC027582	SHOBLA HYDRO POWER PRIVATE LIMITED	Director	30/09/2014	26/06/2014	-	Active	NO
6	U74900MH2010PTC202289	VALECHA LM TOLL PRIVATE LIMITED	Director	29/09/2015	22/10/2014	-	Active	NO
7	U40100MH1998PTC113861	SEW ENGINEERING (INDIA) PRIVATE LIMITED	Director	30/09/2015	18/12/2014	-	Active	NO
8	U45201MH2010PTC207128	Piramal Infrastructure Private Limited	Director	22/09/2015	05/03/2015	-	Active	NO
9	U70102MH2008PLC186455	TRUEWIN REALTY LIMITED	Director	30/09/2015	05/03/2015	-	Active	NO
10	U63000MH2008PTC186268	Powerjet Carriers and Transporters Private Limited	Director	22/09/2015	05/03/2015	-	Active	NO
11	U45400MH2008PLC185456	GOODHOME REALTY LIMITED	Director	30/09/2015	05/03/2015	-	Active	NO
12	U70200MH2008PLC185165	TOPVALUE REAL ESTATE DEVELOPMENT LIMITED	Director	30/09/2015	05/03/2015	-	Active	NO
13	U45400MH2008PLC182058	ROCKFIRST REAL ESTATE LIMITED	Director	30/09/2015	05/03/2015	-	Active	NO
14	U70102MH2008PTC179575	Takenow Property Developers Private Limited	Director	21/09/2015	05/03/2015	-	Active	NO
15	U45400MH2007PLC171263	RR MEGA CITY BUILDERS LIMITED	Director	30/09/2015	05/03/2015	-	Active	NO
16	U70200MH2007PLC167082	PENINSULA MEGA TOWNSHIP DEVELOPERS LIMITED	Director	27/08/2015	05/03/2015	-	Active	NO
17	U51109MH2006PTC161379	Planetview Mercantile Company Private Limited	Director	21/09/2015	05/03/2015	-	Active	NO
18	U51909MH2005PTC151014	GOLDLIFE MERCANTILE COMPANY PRIVATE LIMITED	Director	22/09/2015	05/03/2015	-	Active	NO
19	U51909MH2005PTC150967	ONESTAR TRADING COMPANY PRIVATE LIMITED	Director	22/09/2015	05/03/2015	-	Active	NO
20	U80900MH2005PTC150856	APG Educational Consultants Private Limited	Director	22/09/2015	05/03/2015	-	Active	NO
21	U51900MH2000PTC126692	Peninsula Crossroads Private Limited	Director	27/08/2015	05/03/2015	-	Active	NO
22	U17110MH1997PTC110278	MORARJEE CASTIGLIONI (INDIA) PRIVATE LIMITED	Director	25/08/2015	05/03/2015	-	Active	NO
23	U70100MH1995PTC084292	PAVUROTTI REAL ESTATE PRIVATE LIMITED	Director	21/09/2015	05/03/2015	-	Active	NO

Name :

Mrs. Farida Firdaus Masani

Designation :

Director

Address :

Vakil Building, 683-A, Khareghat Road, Parsi Colony, Dadar, Mumbai – 400 014, Maharashtra, India

Date of Birth/Age :

29.10.1954

Date of Appointment :

23.03.1998

DIN No.:

00151648

PAN No.:

AAUPM3811B

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	U40100MH1998PTC113861	SEW ENGINEERING (INDIA) PRIVATE LIMITED	Director	23/03/1998	23/03/1998	-	Active	NO
2	U74140MH2012PTC235913	SEW FACILITY MANAGEMENT PRIVATE LIMITED	Director	18/09/2012	18/09/2012	-	Active	NO

Name :

Mr. Firdaus Homi Masani

Designation :

Managing Director

Address :

Vakil Building, 683-A, Khareghat Road, Parsi Colony, Dadar, Mumbai – 400 014, Maharashtra, India

Date of Birth/Age :

16.05.1957

Date of Appointment :

17.03.2008

DIN No.:

00151797

PAN No.:

AADPM5534G

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	U40100MH1998PTC113861	SEW ENGINEERING (INDIA) PRIVATE LIMITED	Managing director	17/03/2008	06/03/1998	-	Active	NO
2	U45301MH2001PTC133843	INTELLIGENT SYSTEM DESIGNS PRIVATE LIMITED	Director	26/02/2003	26/02/2003	-	Strike off	NO
3	U74210MH2003PTC140096	NAT ENGINEERING AND CONSULTANCY PRIVATE LIMITED	Director	22/04/2003	22/04/2003	03/10/2007	Active	NO
4	U74999MH2003PTC141171	SYSTEM PRODUCT ENTERPRISES (INDIA) PRIVATE LIMITED	Director	04/07/2003	04/07/2003	-	Active	NO
5	U52590MH2007PTC170182	TRIDENT SALES PRIVATE LIMITED	Director	30/09/2008	15/09/2007	-	Strike off	NO
6	U72900MH2008PTC181621	TELEMATICS INTEGRATED SOLUTIONS PRIVATE LIMITED	Managing director	23/03/2009	10/03/2009	12/01/2013	Active	NO
7	U72900MH2010PTC202272	BPT Home Automation (India) Private Limited	Director	22/04/2010	22/04/2010	-	Active	NO
8	U74140MH2012PTC235913	SEW FACILITY MANAGEMENT PRIVATE LIMITED	Director	18/09/2012	18/09/2012	-	Active	NO

Name :

Ms. Kaniaz Firdaus Masani

Designation :

Director

Address :

Vakil Building, 683-A, Khareghat Road, Parsi Colony, Dadar, Mumbai – 400 014, Maharashtra, India

Date of Birth/Age :

26.01.1983

Date of Appointment :

10.09.2001

DIN No.:

00151882

PAN No.:

AFVPM0099R

Name :

Mr. Amit Nalinkant Dalal

Designation :

Director

Address :

81, Sherman, 22, Narayan Dhabolkar Road, Mumbai – 400 006, Maharashtra, India

Date of Birth/Age :

31.01.1963

Date of Appointment :

06.08.2008

DIN No.:

00297603

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	U51900MH1943PTC003894	ASHRU LATA AND CO PVT LTD	Director	29/12/1986	29/12/1986	-	Amalgamated	NO
2	U67120MH1956PTC009825	DHIRAJLAL MAGANLAL PURSHOTAMDAS PVT LTD	Director	05/12/1988	05/12/1988	-	Amalgamated	NO
3	U65990WB1975PLC128186	H. L. INVESTMENT COMPANY LIMITED	Director	24/06/1991	24/06/1991	-	Amalgamated	NO
4	U99999MH1995PTC086596	NEXGEN LIFIN PRIVATE LIMITED	Director	28/03/1995	28/03/1995	-	Active	NO
5	U67120MH1997PTC111145	AMIT NALIN SECURITIES PRIVATE LIMITED	Director	31/12/2009	07/10/1997	-	Active	NO
6	L29290MH1972PLC015772	MANUGRAPH INDIA LIMITED	Director	25/10/2005	25/10/2005	-	Active	NO
7	L17124RJ2005PLC020927	SUTLEJ TEXTILES AND INDUSTRIES LIMITED	Director	23/08/2014	01/06/2006	-	Active	NO
8	L17100MH1905PLC000200	PHOENIX MILLS LIMITED	Director	05/11/2007	21/02/2007	-	Active	NO
9	U40100MH1998PTC113861	SEW ENGINEERING (INDIA) PRIVATE LIMITED	Director	06/08/2008	17/04/2008	-	Active	NO
10	L67200MH1937PLC002622	TATA INVESTMENT CORPORATION LIMITED	Whole-time director	01/01/2015	19/06/2008	-	Active	NO
11	U67190MH2005PLC153819	MILESTONE CAPITAL ADVISORS LIMITED	Director	30/06/2011	17/09/2010	-	Active	NO
12	U67120MH1983PLC031632	SIMTO INVESTMENT CO LTD	Director	25/07/2013	31/08/2012	-	Active	NO

Name :

Mr. Yuktash Karbhari Zareer

Designation :

Director

Address :

Flat No 9, 4th Floor, Keki House, 659 Parsi Colony, Dadar, Mumbai - 400014, Maharashtra, India

Date of Appointment :

30.09.2015

DIN No.:

07051880

KEY EXECUTIVES

Name :	Mr. Aktar
Designation :	Finance Department

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 31.03.2015

Names of Shareholders	No. of Shares
Firdaus Homi Masani and Farida Firdaus Masani	1418966
Farida Firdaus Masani and Firdaus Homi Masani	470700
Kaniaz Firdaus Masani and Firdaus Homi Masani	418550
Shahnaz Firdaus Masani and Farida Firdaus Masani	418550
K.K. Chandran	10008
Basavaraj S. Bansode	10002
Mukhtar G. Shaikh	10002
Shreekanth H. Dhari	9996
Chandrashekhar R. Dasappanavar	9996
Peninsula Land Limited, India	989300
Amit Nalin Securities Private Limited	38050
Shahnaz A. Peerbhoy	100
Nuruddin A. Kapadia	100
Rashoida N. Kapadia	100
Starlite Electrical Work	100
Total	3804520

Equity Share Break up (Percentage of Total Equity)

As on 24.09.2014

Category	Percentage
Bodies corporate	27.00
Directors or relatives of Directors	71.69
Other top fifty shareholders	1.31
Total	100.00

BUSINESS DETAILS

Line of Business :

Electric Power generation, Transmission and Distribution. (Registered Activity)

Products :

Item Code No.	Product Description
4759	Subcontracting of electrical works.

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 :

Information declined by the management

Bankers :

Bank Name	Bank of India
Branch	Mumbai Mid Corporate, 70/80, M.G. Road, Bank of India Building, Mezzanine Floor, Fort, Mumbai – 400 001, Maharashtra, India
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
Working capital loans from banks	151.870	155.242
Loans repayable on demand	135.239	136.632
Other loans and advances	2.315	4.480
Short-term borrowings
Loans repayable on demand	1.394	1.228
Other loans and advances	2.738	3.618
Total	293.556	301.200

Auditors :
Name :	A P and Company Chartered Accountants
Address :	512-A, Rewa Chambers, 31, Sir Vithaldas Thackersey Marg, New Marines Lines, Mumbai, Maharashtra, India
PAN N Income-tax PAN of auditor or auditor's firm :	AAAFA6366R
Memberships :	Not Available
Collaborators :	Not Available
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives :	Starlite Electricals Works, India Peninsula Land Limited, India L17120MH1871PLC000005 System Product Enterprises (India) Private limited, India U74999MH2003PTC141171 SEW Facility Management Private limited, India U74140MH2012PTC235913

CAPITAL STRUCTURE

As on 31.03.2015

Authorised Capital :

No. of Shares	Type	Value	Amount
5000000	Equity Shares	Rs.10/- each	Rs.50.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
3804520	Equity Shares	Rs.10/- each	Rs.38.045 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	38.045	38.045	38.045
(b) Reserves & Surplus	199.818	191.368	181.103
(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)	237.863	229.413	219.148
(3) Non-Current Liabilities
(a) long-term borrowings	452.366	375.764	323.731
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(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)	452.366	375.764	323.731
(4) Current Liabilities
(a) Short term borrowings	4.132	41.873	43.900
(b) Trade payables	594.597	553.251	490.088
(c) Other current liabilities	0.000	0.000	0.000
(d) Short-term provisions	16.550	9.150	8.350
Total Current Liabilities (4)	615.279	604.274	542.338
TOTAL	1305.508	1209.451	1085.217
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	11.744	18.269	18.628
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000	0.000
(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)	6.408	3.906	2.862
(d) Long-term Loan and Advances	65.063	66.977	14.146
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	83.215	89.152	35.636
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	396.952	323.541	225.455
(c) Trade receivables	659.709	656.435	704.082
(d) Cash and cash equivalents	79.797	63.120	42.644
(e) Short-term loans and advances	85.835	77.203	77.400
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	1222.293	1120.299	1049.581
TOTAL	1305.508	1209.451	1085.217

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2015	31.03.2014	31.03.2013
	SALES
	Income	855.638	894.617	707.707
	Other Income	7.592	4.500	29.385
	TOTAL (A)	863.230	899.117	737.092
Less	EXPENSES
	Cost of Materials Consumed	552.579	630.600
	Purchases of Stock-in-Trade	0.000	0.000
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	0.000	0.000
	Employees benefits expense	140.040	120.318
	Other expenses	62.608	57.716
	TOTAL (B)	755.227	808.634	731.903 (Including depreciation and Finance)
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	108.003	90.483
Less	FINANCIAL EXPENSES (D)	87.846	70.608
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	20.157	19.875
Less/ Add	DEPRECIATION/ AMORTISATION (F)	6.809	4.706
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	13.348	15.169	5.189
Less	TAX (H)	4.898	4.905	2.298
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)	8.450	10.264	2.891
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD (K)	157.442	147.178	144.288
	Balance Carried to the B/S (J+K+L-M)	165.892	157.442	147.179
	Earnings / (Loss) Per Share (Rs.)	0.00	0.00	0.76

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2015	31.03.2014	31.03.2013
Current Maturities of Long term debt	NA	NA	NA
Cash generated from operations	NA	NA	NA
Net cash flows from (used in) operations	24.512	37.632	314.050
Net cash flow from operating activity	24.512	37.632	314.050

KEY RATIOS

PARTICULARS		31.03.2015	31.03.2014	31.03.2013
Net Profit Margin (PAT / Sales)	(%)	0.99	1.15	0.41
Operating Profit Margin (PBIDT/Sales)	(%)	12.62	10.11	0.73
Return on Total Assets (PBT/Total Assets}	(%)	1.03	1.26	0.48
Return on Investment (ROI) (PBT/Networth)		0.06	0.07	0.02
Debt Equity Ratio (Total Debt /Networth)		1.92	1.82	1.68
Current Ratio (Current Asset/Current Liability)		1.99	1.85	1.94

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	38.045	38.045	38.045
Reserves & Surplus	181.103	191.368	199.818
Net worth	219.148	229.413	237.863
long-term borrowings	323.731	375.764	452.366
Short term borrowings	43.900	41.873	4.132
Total borrowings	367.631	417.637	456.498
Debt/Equity ratio	1.678	1.820	1.919

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	707.707	894.617	855.638
		26.411	(4.357)

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	707.707	894.617	855.638
Profit	2.891	10.264	8.450
	0.41%	1.15%	0.99%

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)	No
16	No. of employees	No
17	Details of sister concerns	No
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

Unsecured Loan	31.03.2015 (Rs. in Million)	31.03.2014 (Rs. in Million)
Long-term Borrowings
Loans and advances from directors	137.943	79.410
Other loans and advances	25.000	0.000
Short-term borrowings
Loans and advances from related parties	0.000	37.027
Total	162.943	116.437

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10605601	17/11/2015	25,000,000.00	BANK OF INDIA	MUMBAI MID CORPORATE BRANCH, 70/80 M. G. ROAD, BOI BUILDING , MEZZANINE FLOOR, FORT, Mumbai, Maharashtra - 400001, INDIA	C71890057
2	10267283	02/02/2011	100,000,000.00	RELIANCE CAPITAL LTD	"H" BLOCK 1ST FLOOR, Dhirubhai Ambani Knowledge City, Koparkhairne, Navi Mumbai, Maharashtra - 400710, INDIA	B05311733
3	10201012	04/02/2010	630,000.00	BANK OF INDIA	328, KATRAK ROAD, WADALA (WEST), MUMBAI, Maharashtra - 400031, INDIA	A78705985
4	10172707	10/08/2009	768,000.00	BANK OF INDIA	328, KATRAK ROAD, WADALA (WEST), MUMBAI, Maharashtra - 400031, INDIA	A68099910
5	10154293	30/03/2009	824,000.00	BANK OF INDIA	328, KATRAK ROAD, WADALA (WEST), MUMBAI, Maharashtra - 400031, INDIA	A60647351
6	10066504	04/08/2015 *	385,000,000.00	BANK OF INDIA	MUMBAI MID CORPORATE BRANCH, 70/80 M. G. ROAD, BOI BUILDING , MEZZANINE FLOOR, FORT, MUMBAI, Maharashtra - 400001, INDIA	C65546178
7	90144657	29/08/2003	514,082.00	ICICI BANK LTD	BANDRA KURAL COMPLEX, MUMBAI, Maharashtra, INDIA	-
8	90142551	04/08/2015 *	385,000,000.00	BANK OF INDIA	MUMBAI MID CORPORATE BRANCH, 70/80 M. G. ROAD, BOI BUILDING , MEZZANINE FLOOR, FORT, MUMBAI, Maharashtra - 400001, INDIA	C69267482
9	90141692	04/10/1990	2,500,000.00	BANK OF INDIA	WADALA BRANCH, MUMBAI, Maharashtra, INDIA	-

FIXED ASSETS

• Buildings
• Furniture and fixtures
• Vehicles
• Motor vehicles
• Office equipment
• 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 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.72.13

INFORMATION DETAILS

Information Gathered by :	SPR
Analysis Done by :	KAS
Report Prepared by :	SUJ

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	5
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		45

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.