MIRA INFORM REPORT

Report No. :	307741
Report Date :	24.02.2015

IDENTIFICATION DETAILS

Name :	NATIONAL ENGINEERING INDUSTRIES LIMITED (w.e.f.1958)
Formerly Known As :	NATIONAL BEARING COMPANY LIMITED
Registered Office :	9/1, R. N. Mukherjee Road, Kolkata-700 001, West Bengal
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	24.04.1946
Com. Reg. No.:	21-013643
Capital Investment / Paid-up Capital :	Rs. 8.000 Millions
CIN No.: [Company Identification No.]	L29130WB1946PLC013643
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAACN9969L
Legal Form :	A Public Limited Liability Company. The Company’s Shares are Listed on the Stock Exchanges.
Line of Business :	Manufacturer and Exporter of Ball Bearings, Steel Balls, Tapered Roller Bearings, Cylindrical Roller Bearings and Axle Boxes for Railway Rolling Stock including Spherical Roller Bearings, Cartridge Tapered Roller Bearings and Large Special Bearings.
No. of Employees :	2500 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

A (63)

RATING		STATUS	PROPOSED CREDIT LINE
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

Maximum Credit Limit :	USD 20000000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is a well-established and a reputed company having fine track. Financial position of the company seems to be sound. The rating also takes into considerations rich experiences of its promoters, strong presence in the domestic bearing industry with established brand, strong technical tie – ups with internationally reputed bearing majors, diversified users segments and sustained comfortable financial position. Trade relations are reported as fair. Business is active. Payment terms are reported to be regular and as per commitments. The company can be considered normal for business at usual trade terms and conditions. Note : As claimed by Mr. Piyush (Senior Account Officer) that the company has been delisted from the stock exchange in the years 213 – 2014.

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 – December 31, 2014

Country Name	Previous Rating (30.09.2014)	Current Rating (31.12.2014)
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	CARE
Rating	Long Term Bank Facilities : AA-
Rating Explanation	Have high degree of safety and carry very low credit risk
Date	01.10.2014

Rating Agency Name	CARE
Rating	Short Term Bank Facilities : A1+
Rating Explanation	Have very strong degree of safety and carry lowest credit risk
Date	01.10.2014

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 31-03-2014.

INFORMATION PARTED BY

Name :	Mr. Piyush
Designation :	Senior Account Officer
Contact No.:	91-141-2223221
Date :	16.02.2015

LOCATIONS

Registered Office :	9/1, R. N. Mukherjee Road, Birla Building, 11^th Floor, Kolkata-700 001, West Bengal, India
Tel. No.:	91-33-22430383
Mobile No.:	Not Available
Fax No.:	91-33-22101912
E-Mail :	neical@neibearing.com neical@nbcbearings.in
Website :	www.neibearing.com
Head office/ Factory 1:	Khatipura Road, Jaipur 302 006, Rajasthan, India
Tel. No.:	91-141-2223221/ 229
Fax No.:	91-141-0221926 / 2222259
Factory 2:	Village Gunsi, Tehsil Newai. District Tonk, Rajasthan, India
Tel. No.:	91-1438-227752 1227753
Factory 3:	Plot No. 163, Sector 3, Industrial Estate Ch. Devilal IMT, Manesar, District Gurgaon, Haryana, India
Tel. No.:	91-124-229163512291636
Fax No.:	91-124-2291424
E-Mail :	neimnsr@nbcbearings.in
Factory 4:	2 Beerpara Lane, DUM Dum, Kolkata 700 030, West Bengal, India
Tel. No.:	91-33-255685161 171 18
Fax No.:	91-33-25568519
E-Mail :	ner@cal2.vsnl.net.in
Branches:	Located at: · New Delhi · Mumbai · Pune · Chennai

DIRECTORS

As on 07.07.2014

Name :

Mr. Chandra Kant Birla

Designation :

Director

Address :

8/9, Alipore Road, Kolkata-700 027, West Bengal, India

Date of Birth/Age:

09.01.1955

Date of Appointment :

23.02.1979

Din No.:

00118473

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	L21011OR1936PLC000117	ORIENT PAPER AND INDUSTRIES LTD.	Director	29-09-1978	29-09-1978	-	Active	NO
2	L29130WB1946PLC013643	NATIONAL ENGG.INDUSTRIES LTD	Director	23-02-1979	23-02-1979	-	Active	NO
3	L74999TG1955PLC000656	HIL LIMITED	Director	04-02-1980	04-02-1980	-	Active	NO
4	L34103WB1942PLC018967	HINDUSTAN MOTORS LTD	Director	13-01-1982	13-01-1982	28-12-2013	Active	NO
5	U74899DL1995PLC064560	BIRLASOFT (INDIA) LIMITED	Director	20-01-1995	20-01-1995	-	Active	NO
6	U74999MH1932PLC001910	NEOSYM INDUSTRY LIMITED	Director	31-10-2000	31-10-2000	-	Active	NO
7	U34103MP2005PLC017319	AVTEC LIMITED	Nominee director	28-06-2005	28-06-2005	-	Active	NO
8	U24231DL2003PLC119441	FRESENIUS KABI ONCOLOGY LIMITED	Director	27-01-2006	27-01-2006	29-08-2007	Active	NO
9	U51109WB1918PTC003010	BIRLA BROTHERS PVT LTD	Director	29-12-2008	29-12-2008	-	Active	NO
10	L26940OR2011PLC013933	ORIENT CEMENT LIMITED	Director	13-08-2012	23-07-2011	-	Active	NO

Name :

Mrs. Amita Birla

Designation :

Additional director

Address :

8/9, Alipore Road, Kolkata-700 027, West Bengal, India

Date of Birth/Age :

07.12.1956

Date of Appointment :

30.07.2008

Din No.:

00837718

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	U67190MP1901PLC000439	GWALIOR FINANCE CORPORATION LIMITED	Director	27-01-1981	27-01-1981	-	Active	NO
2	U65921WB1946PLC014242	HINDUSTHAN DISCOUNTING CO LTD	Director	24-03-1984	24-03-1984	-	Active	NO
3	U74899DL1995PLC064560	BIRLASOFT (INDIA) LIMITED	Director	16-03-1995	16-03-1995	-	Active	NO
4	U74999MH1932PLC001910	NEOSYM INDUSTRY LIMITED	Director	10-06-2008	11-07-2007	-	Active	NO
5	L29130WB1946PLC013643	NATIONAL ENGG.INDUSTRIES LTD	Additional director	30-07-2008	30-07-2008	-	Active	NO

Name :

Mr. Kashinath Memani

Designation :

Director

Address :

177-C, Western Avenue, Lane W-7, Sainik Farms, New Delhi-110 062, Delhi, India

Date of Birth/Age :

01.01.1939

Date of Appointment :

30.04.2004

Din No.:

00020696

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	U74140DL2004PTC125551	KNM ADVISORY PRIVATE LIMITED	Director	01-04-2004	01-04-2004	-	Active	NO
2	L65190MH2003PLC143249	YES BANK LIMITED	Director	01-04-2004	01-04-2004	11-12-2007	Active	NO
3	U74899DL1992PTC048015	HT CONSULTANCY SERVICES PRIVATE LIMITED	Director	01-04-2004	01-04-2004	08-02-2010	Active	NO
4	L29130WB1946PLC013643	NATIONAL ENGG.INDUSTRIES LTD	Director	30-04-2004	30-04-2004	-	Active	NO
5	L23109MP1972PLC008290	HEG LIMITED	Director	30-04-2004	30-04-2004	19-03-2013	Active	NO
6	L22121DL2002PLC117874	HT MEDIA LIMITED	Director	16-09-2014	05-05-2004	-	Active	NO
7	U92113DL2000PTC104336	KALEIDOSCOPE ENTERTAINMENT PRIVATE LIMITED	Director	28-09-2004	11-05-2004	27-08-2008	Active	NO
8	L17124MH1986PLC166615	INDO RAMA SYNTHETICS (INDIA) LIMITED	Director	21-07-2004	21-07-2004	09-07-2008	Active	NO
9	U74140MH2004PTC147603	AEGON INDIA PRIVATE LIMITED	Director	21-07-2004	21-07-2004	06-06-2012	Amalgamated	NO
10	U48985WB1992PLC095301	GREAT EASTERN ENERGY CORPORATION LIMITED	Director	26-10-2004	26-10-2004	16-12-2014	Active	NO
11	U80301HR1998PTC036306	GEMS EDUCATION INDIA PRIVATE LIMITED	Director	06-12-2004	06-12-2004	08-08-2008	Active	NO
12	L24111UR1983PLC009097	INDIA GLYCOLS LIMITED	Director	22-06-2005	22-06-2005	12-06-2009	Active	NO
13	U74999MH1968GAP014120	INDO-AMERICAN CHAMBER OF COMMERCE	Director	29-09-2005	29-09-2005	26-09-2008	Active	NO
14	L70101HR1963PLC002484	DLF Limited	Director	29-08-2014	21-04-2006	-	Active	NO
15	L63993WB1983PLC036030	EMAMI LIMITED	Director	09-08-2014	15-05-2006	-	Active	NO
16	U72200MH1989PLC166901	ICICI VENTURE FUNDS MANAGEMENT COMPANY LIMITED	Director	06-09-2007	12-01-2007	-	Active	NO
17	U72900DL2000PLC104989	SPICE DIGITAL LIMITED	Director	29-09-2010	26-01-2008	04-07-2012	Active	NO
18	U66010MH2007PLC169110	AEGON RELIGARE LIFE INSURANCE COMPANY LIMITED	Director	22-07-2008	31-05-2008	-	Active	NO
19	U74899DL1980PTC011082	SPICE TELEVENTURES PRIVATE LIMITED	Director	30-09-2008	28-07-2008	18-06-2009	Amalgamated	NO
20	L74999RJ1938PLC019511	JK LAKSHMI CEMENT LIMITED	Director	04-09-2014	05-08-2008	-	Active	NO
21	U72900DL2008PTC178018	SPICE INNOVATIVE TECHNOLOGIES PRIVATE LIMITED	Additional director	12-03-2009	12-03-2009	12-06-2009	Active	NO
22	L24124RJ1985PLC003293	CHAMBAL FERTILISERS AND CHEMICALS LIMITED	Director	18-09-2014	21-07-2009	-	Active	NO
23	U93000DL2009PTC194373	KK ADVISORY PRIVATE LIMITED	Additional director	13-02-2010	13-02-2010	02-03-2010	Active	NO
24	L72900UP1986PLC008448	SPICE MOBILITY LIMITED	Director	22-12-2014	24-04-2010	-	Active	NO
25	U91100DL2009NPL197064	INVEST INDIA	Director	21-12-2010	18-05-2010	-	Active	NO
26	U85110DL1991PTC042646	SAKET CITY HOSPITALS PRIVATE LIMITED	Director	22-07-2011	22-07-2011	19-09-2012	Active	NO
27	U74999DL2012PTC229915	SMART VENTURES Private Limited	Director	30-12-2014	23-02-2014	-	Active	NO

Name :

Mr. Manohar Lal Panchisia

Designation :

Director

Address :

The Hermitage 3^rd Floor 4 Alipore Park Place, Kolkata – 700027, West Bengal, India

Date of Birth/Age :

06.01.1944

Date of Appointment :

21.03.1994

Din No.:

00065431

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	L29130WB1946PLC013643	NATIONAL ENGG.INDUSTRIES LTD	Director	21-03-1994	21-03-1994	-	Active	NO
2	U67190MP1901PLC000439	GWALIOR FINANCE CORPORATION LIMITED	Director	27-05-1996	27-05-1996	-	Active	NO
3	U35202WB1966PLC026980	GMMCO LTD	Director	20-11-1996	20-11-1996	-	Active	NO
4	L21011OR1936PLC000117	ORIENT PAPER AND INDUSTRIES LTD.	Managing director	23-09-2014	23-09-1997	-	Active	NO
5	U51900WB1966PLC026949	SOORYA VANIJYA & INVESTMENTS LTD.	Director	16-10-1998	16-10-1998	-	Active	NO
6	U70109WB1946PLC014112	BIRLA BUILDINGS LIMITED	Director	09-12-2002	09-12-2002	-	Active	NO
7	U72200DL1999PLC100410	BIRLASOFT ENTERPRISES LTD	Director	21-12-2005	21-12-2005	-	Amalgamated	NO
8	U29130RJ1948PLC000583	NATIONAL BEARING COMPANY (JAIPUR) LIMITED	Director	28-12-2005	28-12-2005	-	Active	NO
9	U74899DL1995PLC064560	BIRLASOFT (INDIA) LIMITED	Director	26-11-2014	07-07-2006	-	Active	NO
10	L26940OR2011PLC013933	ORIENT CEMENT LIMITED	Director	22-07-2011	22-07-2011	21-03-2013	Active	NO
11	U29299WB1960PLC024693	SPECIAL ENGG. SERVICES LTD	Director	30-08-2011	30-08-2011	-	Active	NO
12	U31900OR2012PLC015356	ORIENT ELECTRICALS LIMITED	Director	09-05-2012	09-05-2012	-	Active	NO

Name :

Mr. Jagdish Prasad Chhaochharia

Designation :

Director

Address :

6 C, Short Street, Kolkata-700 016, West Bengal, India

Date of Birth/Age :

26.11.1931

Date of Appointment :

28.12.1979

Din No.:

00065287

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	U67190MP1901PLC000439	GWALIOR FINANCE CORPORATION LIMITED	Director	03-11-1969	03-11-1969	-	Active	NO
2	L29130WB1946PLC013643	NATIONAL ENGG.INDUSTRIES LTD	Director	28-12-1979	28-12-1979	08-05-2014	Active	NO
3	U67120WB1946PLC013689	ASHOK INVESTMENT CORPORATION LTD.	Director	29-04-1984	29-04-1984	-	Active	NO
4	U52500WB1928PLC005895	BENGAL STORES LTD.	Director	22-09-1986	22-09-1986	-	Active	NO
5	U29130RJ1948PLC000583	NATIONAL BEARING COMPANY (JAIPUR) LIMITED	Director	28-06-1994	28-06-1994	-	Active	NO
6	U51909WB1947PLC015860	CHHOTANAGPUR GENERAL TRADING CO LTD	Director	22-08-1994	22-08-1994	-	Amalgamated	NO
7	U21093WB1955PLC022651	EASTERN INDIA SERVICES & MARKETING CO.LTD.	Director	20-09-1999	20-09-1999	-	Active	NO
8	U35202WB1966PLC026980	GMMCO LTD	Director	08-02-2001	08-02-2001	-	Active	NO
9	L02710MP1938PLC000132	CENTRAL INDIA INDUSTRIES LTD.	Whole-time director	01-04-2013	26-05-2003	-	Active	NO
10	U70101WB1932PLC007341	BASANT PROPERTIES LTD.	Director	15-06-2005	15-06-2005	-	Active	NO
11	U65191WB1935PLC008270	JUTE INVESTMENT CO LTD	Director	28-09-2005	28-09-2005	-	Active	NO

Name :

Mr. Haigreve Khaitan

Designation :

Director

Address :

1104, Sterling Sea Face, Dr. Annie Besant Road Worli, Mumbai – 400018, Maharashtra, India

Date of Birth/Age :

13.07.1970

Date of Appointment :

05.02.1998

Din No.:

00005290

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	U29192WB1972PTC028222	VINAR SYSTEMS PRIVATE LIMITED	Director	01-08-1994	01-08-1994	-	Active	NO
2	L01119KL1978PLC002947	HARRISONS MALAYALAM LTD	Director	01-10-2014	14-03-1995	-	Active	NO
3	L29130WB1946PLC013643	NATIONAL ENGG.INDUSTRIES LTD	Director	05-02-1998	05-02-1998	29-09-2014	Active	NO
4	L25100MH1958PLC011041	CEAT LIMITED	Director	26-09-2014	29-07-1999	-	Active	NO
5	L25209WB1997PLC085972	XPRO INDIA LIMITED	Director	31-07-2014	13-10-1999	30-01-2015	Active	NO
6	U13202TZ1960PLC000372	THE MADRAS ALUMINIUM COMPANY LIMITED	Director	28-08-2000	28-08-2000	20-07-2011	Amalgamated	NO
7	U74140DL1970PLC005314	KHAITAN CONSULTANTS LIMITED	Director	08-02-2001	08-02-2001	-	Not Available for eFiling	NO
8	L26100GJ1988PLC011663	GUJARAT BOROSIL LIMITED	Director	30-01-2002	30-01-2002	15-01-2009	Active	NO
9	L31300DN2000PLC000340	STERLITE TECHNOLOGIES LIMITED	Director	30-07-2003	30-07-2003	30-09-2014	Active	NO
10	L15492WB1916PLC002697	DHUNSERI PETROCHEM LIMITED	Director	23-09-2003	23-09-2003	03-07-2010	Active	NO
11	L21010GJ1991PLC019432	SHREE RAMA NEWSPRINT LIMITED	Director	19-09-2008	09-01-2004	05-04-2012	Active	NO
12	U65999MH2002PTC134398	BTS INVESTMENT ADVISORS PRIVATE LIMITED	Director	03-02-2004	03-02-2004	15-11-2011	Active	NO
13	U72900WB2004PTC098938	NEOWORTH PRIVATE LIMITED	Director	27-07-2004	27-07-2004	31-07-2007	Amalgamated	NO
14	U51909WB2004PTC100166	HITECH DEALERS PRIVATE LIMITED	Director	28-12-2004	28-12-2004	20-12-2011	Active	NO
15	U51909WB2004PTC100164	HIGH GROWTH DISTRIBUTORS PRIVATE LIMITED	Director	28-12-2004	28-12-2004	20-12-2011	Active	NO
16	U72200WB2004PTC100314	LEGAL OUTSOURCING PRIVATE LIMITED	Director	28-12-2004	28-12-2004	20-12-2011	Active	NO
17	U51102WB1996PTC081772	SARVASIDDHI COMMERCIALS PRIVATE LIMITED	Director	28-01-2005	28-01-2005	20-12-2011	Active	NO
18	L21300WB1973PLC028854	INTERNATIONAL CONVEYORS LTD.	Director	23-04-2005	23-04-2005	29-10-2007	Active	NO
19	U34103MP2005PLC017319	AVTEC LIMITED	Director	23-06-2014	28-06-2005	-	Active	NO
20	U72300DL1999PTC100368	TECTURA INFOTECH PRIVATE LIMITED.	Director	12-12-2005	12-12-2005	22-03-2007	Active	NO
21	L15432UP1932PLC025186	THE OUDH SUGAR MILLS LIMITED	Director	17-01-2006	17-01-2006	30-11-2012	Active	NO
22	U48985WB1992PLC095301	GREAT EASTERN ENERGY CORPORATION LIMITED	Director	06-02-2006	06-02-2006	-	Active	NO
23	L17120MH1946PLC005227	NRC LIMITED	Director	24-07-2006	24-07-2006	30-07-2007	Active	NO
24	U51900WB2006PTC109716	CHARAIVETI VYAPAAR PRIVATE LIMITED	Director	09-08-2006	09-08-2006	17-12-2008	Amalgamated	NO
25	L29120MH1964PLC012955	HINDUSTAN COMPOSITES LIMITED	Alternate director	29-10-2009	04-09-2006	07-09-2010	Active	NO
26	L22210MH1987PLC044505	TCPL Packaging Limited	Additional director	29-06-2007	29-06-2007	27-05-2010	Active	NO
27	U22120MH1913PLC000391	BENNETT COLEMAN AND COMPANY LIMITED	Director	27-07-2010	14-09-2007	12-08-2011	Active	NO
28	L92199GJ1999PLC044045	INOX LEISURE LIMITED	Director	10-09-2014	22-10-2007	-	Active	NO
29	U72200MH1997PTC248097	WORLDLINE INDIA PRIVATE LIMITED	Alternate director	16-01-2008	16-01-2008	10-04-2008	Active	NO
30	U51100MH2000PTC129530	XANTI COMMERCIAL PRIVATE LIMITED	Director	22-09-2008	31-03-2008	20-12-2011	Active	NO
31	U99999MH2000PTC128067	TIARA COMTRADE PRIVATE LIMITED	Director	17-09-2008	31-03-2008	20-12-2011	Active	NO
32	U33100MH1986PTC221693	MILLIPORE (INDIA) PRIVATE LIMITED	Director	18-05-2009	09-09-2008	20-11-2009	Active	NO
33	L27105HR1979PLC009913	JINDAL STEEL AND POWER LIMITED	Director	30-07-2014	14-01-2009	-	Active	NO
34	L01110MH2006PLC161345	BAJAJ CORP LIMITED	Director	01-08-2014	04-02-2010	30-09-2014	Active	NO
35	L27106MH1984PLC238266	JSW ISPAT STEEL LIMITED	Director	21-12-2011	13-01-2011	-	Amalgamated	NO
36	L26940OR2011PLC013933	ORIENT CEMENT LIMITED	Additional director	23-07-2011	23-07-2011	25-06-2012	Active	NO
37	L24230GJ1972PLC002126	TORRENT PHARMACEUTICALS LTD	Director	30-07-2014	23-01-2012	-	Active	NO
38	L02101KA1955PLC001936	THE WEST COAST PAPER MILLS LIMITED	Director	31-07-2012	29-05-2012	09-10-2013	Active	NO
39	L26942GJ1981PLC004717	AMBUJA CEMENTS LIMITED	Director	11-09-2014	27-07-2012	-	Active	NO
40	L64202MH2001PLC134147	FIRSTSOURCE SOLUTIONS LIMITED	Director	06-08-2013	05-12-2012	19-09-2014	Active	NO
41	U85110KA1961PLC001433	BHARAT FRITZ WERNER LIMITED	Director	23-09-2013	06-08-2013	30-09-2014	Active	NO
42	U51909WB1943PLC011283	KARAM CHAND THAPAR & BROS (COAL SALES ) LTD	Director	26-09-2014	27-11-2013	-	Active	NO

Name :

Mr. Ashwin Bishnoi

Designation :

Director

Address :

T – 17/501, Commonwealth Games, Villages, New Delhi – 110092, India

Date of Birth/Age :

14.03.1981

Date of Appointment :

07.07.2014

Din No.:

06862466

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	L29130WB1946PLC013643	NATIONAL ENGG.INDUSTRIES LTD	Director	07-07-2014	09-05-2014	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Kashi Prasad Chaudhary
Designation :	Company Secretary
Address :	3 – B Camac Street, Kolkata – 700016, West Bengal, India
Date of Birth/Age :	05.01.1941
Date of Appointment :	29.06.1982
PAN No.:	ABVPC3640A
Name :	Mr. Piyush
Designation :	Senior Account Officer

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 07.07.2014

Names of Shareholders	No. of Shares
Rajasthan Industries Limited, India	10
Central India Industries Limited, India	10
Bengal Rubber Company Limited, India	395960
Amer Investments (Delhi) limited, India	393146
Hindustan Discounting Company Limited, India	10
Gwalior Finance Corporation Limited, India	10
Hitaish Investments Limited, India	2000
Birla Kant Chandra	8849
S. P. Singhi	1
C. L. Mohta	1
P. K. Sonthalia	1
S. S. Jajodia	1
Yogesh Goenka	1
Total	800000

Equity Share Break up (Percentage of Total Equity)

As on 07.07.2014

Category	Percentage
Bodies corporate	98.89
Directors or relatives of Directors	1.11
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer and Exporter of Ball Bearings, Steel Balls, Tapered Roller Bearings, Cylindrical Roller Bearings and Axle Boxes for Railway Rolling Stock including Spherical Roller Bearings, Cartridge Tapered Roller Bearings and Large Special Bearings.
Products :	Ball Bearings Steel Balls Tapered Roller Bearings Cylindrical Roller Bearings Spherical Roller Bearings Cartridge Tapered Roller Bearings and Large Special Bearings, etc.
Brand Names :	Not Divulged
Agencies Held :	Not Divulged
Exports :
Products :	Ball Bearings Steel Balls Tapered Roller Bearings Cylindrical Roller Bearings Spherical Roller Bearings Cartridge Tapered Roller Bearings and Large Special Bearings, etc.
Countries :	USA China Germany Nepal Bhutan
Imports :
Products :	Raw Material
Countries :	USA China Japan
Terms :
Selling :	Cash and Advance Payment
Purchasing :	Cash and Advance Payment

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 :

• Wholesalers
• Retailers
• Ends Users

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 :

2500 (Approximately)

Bankers :

• Yes Bank Limited, 9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli,, Mumbai - 400018, Maharashtra, India

• State Bank of Bikaner And Jaipur, SMS Highway Branch, Chaura Rasta, Jaipur - 302001, Rajasthan, India

• DBS Bank Ltd. (Security Trustee of DBS Bank Ltd., Singapore), Kolkata Branch, 4a, Nandalal Basu Sarani, Kolkata - 700071, West Bengal, India

• The Bank of Nova Scotia, Classic Towers, P.O. Box 3749, 1547 Trichy Road, Coimbatore, CPO-641 018, Tamil Nadu, India.

• State Bank of India, 34, Jawaharlal Nehru Road, Kolkata-700 071, West Bengal, India

• State Bank of Bikaner and Jaipur, 14 N. S. Road, Kolkata-700 001, West Bengal, India

• UCO Bank, 10, B. T. M. Sarani, Kolakata-700 001, West Bengal, India

• Punjab National Bank, 31 Chowringhee Road, Kolkata-700 001, West Bengal, India

• Kotak Mahindra Bank Limited, 57, S. P. Marg, C. Scheme, Jaipur-302 001, India

• State Bank of Indore, 161, C.R. Avenue, Kolkata-700 007, West Bengal, India

• IDBI Bank Limited, 119, Park Street, Kolkata-700 016, , West Bengal, India

• Standard Chartered Bank, Narain Manzil, 23 Barakhamba Road, New Delhi-110 001, India

• Barclays Bank PLC, Eros Corporate Tower, Nehru Place, New Delhi-110 019, Delhi, India

• Axis Bank Limited

• IndusInd Bank Limited

Facilities :

Secured Loan	31.03.2014 (Rs. in Millions)	31.03.2013 (Rs. in Millions)
Long-term Borrowings
Term loans from banks	113.511	0.000
Other external commercial borrowings	523.950	814.200
Short-term borrowings
Working capital loans from banks	2538.052	2461.713
Total	3175.513	3275.913

Auditors :
Name :	S. R. Batliboi and Company LLP Chartered Accountants
Address :	Gurgaon, Haryana, India
PAN N Income-tax PAN of auditor or auditor's firm :	AALFS0506L
Memberships :	Not Divulged
Collaborators :	Not Divulged
Subsidiaries :	National Bearing Company (Jaipur) Limited (U29130RJ1948PLC000583) Nei Properties Limited. (U70200WB1989PLC046103) Birlasoft Enterprises Limited (U72200DL1999PLC100410) Birlasoft Technologies Limited (U72900DL2010PLC197773) Birlasoft (India) Limited (U74899DL1995PLC064560) Bengal Rubber Company Limited (U25111WB1946PLC013784) Birlasoft Inc., USA Birlasoft (U.K) Limited, U.K Birlasoft GmbH, Germany Birlasoft Sdn. Bhd. Malaysia Birlasoft (Beijing) Technologies Company. Limited, China Birlasoft (Wuxi) Information Technology Company LIMITED, China
Joint Ventures :	Birla Associates Pte Limited, Singapore
Associate :	Birla Gtm Entrepose Limited. (U45203WB1990PLC048284) Amer Investments (Delhi) Limited (U74899DL1971PLC005601)
Investing Parties:	Amer Investment (Delhi) Limited Bengal Rubber Company Limited

CAPITAL STRUCTURE

As on 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
1000000	Equity Shares	Rs.10/- each	Rs.10.000 Millions
100000	Preference Shares	Rs.100/- each	Rs.10.000 Millions
	Total		Rs.20.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
800000	Equity Shares	Rs.10/- each	Rs.8.000 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

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	8.000	8.000	8.000
(b) Reserves & Surplus	7083.771	6273.730	5320.414
(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)	7091.771	6281.730	5328.414
(3) Non-Current Liabilities
(a) long-term borrowings	637.461	814.200	875.500
(b) Deferred tax liabilities (Net)	516.911	453.012	305.850
(c) Other long term liabilities	0.611	2.633	5.994
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	1154.983	1269.845	1187.344
(4) Current Liabilities
(a) Short term borrowings	4566.014	4004.198	3590.688
(b) Trade payables	1319.061	1439.886	1544.649
(c) Other current liabilities	1427.373	839.339	573.637
(d) Short-term provisions	145.022	124.038	137.278
Total Current Liabilities (4)	7457.470	6407.461	5846.252
TOTAL	15704.224	13959.036	12362.010
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	8261.718	6914.504	5943.874
(ii) Intangible Assets	46.774	44.597	27.604
(iii) Capital work-in-progress	699.502	328.068	389.025
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	967.621	911.000	909.849
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	201.478	293.674	158.796
(e) Other Non-current assets	3.090	6.320	12.068
Total Non-Current Assets	10180.183	8498.163	7441.216
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	2806.862	3026.137	2416.823
(c) Trade receivables	2391.985	2148.475	2110.608
(d) Cash and cash equivalents	10.323	6.796	35.127
(e) Short-term loans and advances	257.365	239.495	313.145
(f) Other current assets	57.506	39.970	45.091
Total Current Assets	5524.041	5460.873	4920.794
TOTAL	15704.224	13959.036	12362.010

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income	13388.026	11997.174	10962.611
	Other Income	143.669	436.458	195.449
	TOTAL	13531.695	12433.632	11158.060
Less	EXPENSES
	Cost of Materials Consumed	6591.414	6218.844	5476.937
	Purchases of Stock-in-Trade	93.914	63.405	68.995
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	124.710	(212.562)	(208.941)
	Employees benefits expense	1381.403	1187.598	929.446
	Other expenses	2829.327	2688.447	2507.016
	TOTAL	11020.768	9945.732	8773.453
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	2510.927	2487.900	2384.607
Less	FINANCIAL EXPENSES	405.226	302.583	284.619
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	2105.701	2185.317	2099.988
Less/ Add	DEPRECIATION/ AMORTISATION	907.216	772.017	625.173
	PROFIT/ (LOSS) BEFORE TAX	1198.485	1413.300	1474.815
Less	TAX	313.567	385.354	451.602
	PROFIT/ (LOSS) AFTER TAX	884.918	1027.946	1023.213
	Earnings / (Loss) Per Share (Rs.)	110.615	128.493	127.902

The above information has been parted by Mr. Piyush (Senior Account Officer).

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	6.61	8.57	9.33
Operating Profit Margin (PBIDT/Sales)	(%)	18.76	20.74	21.75
Return on Total Assets (PBT/Total Assets}	(%)	8.54	11.11	13.33
Return on Investment (ROI) (PBT/Networth)		0.17	0.22	0.28
Debt Equity Ratio (Total Debt /Networth)		0.73	0.77	0.84
Current Ratio (Current Asset/Current Liability)		0.74	0.85	0.84

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	8.000	8.000	8.000
Reserves & Surplus	5320.414	6273.730	7083.771
Net worth	5328.414	6281.730	7091.771
long-term borrowings	875.500	814.200	637.461
Short term borrowings	3590.688	4004.198	4566.014
Total borrowings	4466.188	4818.398	5203.475
Debt/Equity ratio	0.838	0.767	0.734

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	10962.611	11997.174	13388.026
		9.437	11.593

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	10962.611	11997.174	13388.026
Profit	1023.213	1027.946	884.918
	9.33%	8.57%	6.61%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	--
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	Yes
20]	Export / Import details (if applicable)	Yes
21]	Market information	--
22]	Litigations that the firm / promoter involved in	--
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	--
26]	Buyer visit details	--
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10548613	10/02/2015	525,000,000.00	State Bank of Bikaner and Jaipur	SMS HIGHWAY BRANCH, Chaurasta, Jaipur, Rajasthan - 302001, INDIA	C43310747
2	10546026	22/01/2015	1,875,000,000.00	State Bank of India	CAG Branch, 2nd Floor, Reliance House, 34, Jawaharlal Nehru Road, Kolkata, West Bengal - 700071, INDIA	C41920711
3	10531331	20/11/2014	500,000,000.00	State Bank of Bikaner and Jaipur	SMS Highway Branch, Chaurasta, Jaipur, Rajasthan - 302001, INDIA	C33632472
4	10349639	26/03/2012	750,000,000.00	DBS BANK LTD.	(Security Trustee of DBS Bank Ltd., Singapore), KOLKATA BRANCH, 4A, NANDALAL BASU SARANI, KOLKATA, West Bengal - 700071, INDIA	B37568227
5	10164258	22/04/2014 *	6,500,000,000.00	CAG Branch SBI	RELIANCE HOUSE, 34 J.L. NEHRU ROAD, KOLKATA, West Bengal - 700071, INDIA	C03618436

UNSECURED LOAN

PARTICULARS	31.03.2014 (Rs. in Millions)	31.03.2013 (Rs. in Millions)
Short-term borrowings
Working capital loans from banks	1927.962	742.485
Commercial paper	100.000	800.000
Total	2027.962	1542.485

FIXED ASSETS

• Land
• Buildings
• Plant and Equipment
• Office equipment
• Furniture and Fixture
• Vehicles
• Computer Software

FINANCIAL AND OPERATIONAL PERFORMANCE

In the financial year, there were many challenges in the Indian economy. GDP growth of sub 5%, depreciation of the Rupee, high interest rates and negative growth in the automobile sector. Their Endeavour has been to improve stake holder’s value and we are pleased to report that after overcoming all the challenges, your company achieved a growth of 9% in total Revenue (11% in the previous year). In exports, the company has achieved a growth of 52% (67% in the previous year).

OPERATIONAL PERFORMANCE

The company’s market share increased to 26% of bearings manufactured in India by the organized sector and also maintained the position of the highest exporter of bearings from India during the year.

The new bearing plant at Savli, Vadodara in the state of Gujarat is under construction and is expected to be operational by the second quarter of this financial year. The Company has also acquired a land measuring 100 acres in Bagru in the state of Rajasthan from RIICO (Rajasthan State Industrial Development and Investment Corporation) for its future expansion plans.

AWARDS AND RECOGNITION

The company has been accredited with the following awards and recognition during the year:

Ø ISO 14001: and BS OHSAS 18001:2007 Certification

Ø Overall Performance Award received from MSIL

Ø Quality award received from Bajaj Auto Limited

Ø Outstanding Supply Chain Management received from Volvo Eicher.

Ø Outstanding Supply Chain Management received from TMTL.

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.62.18
UK Pound	1	Rs.95.71
Euro	1	Rs.70.76

INFORMATION DETAILS

Information Gathered by :	SVA
Analysis Done by :	RAS
Report Prepared by :	RCH

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	7
PAID-UP CAPITAL	1~10	7
OPERATING SCALE	1~10	7
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	7
--PROFITABILITY	1~10	7
--LIQUIDITY	1~10	7
--LEVERAGE	1~10	7
--RESERVES	1~10	7
--CREDIT LINES	1~10	7
--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	YES
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		63

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.