MIRA INFORM REPORT

Report No. :	300386
Report Date :	07.01.2015

IDENTIFICATION DETAILS

Name :	MADHUSUDAN MOTORS PRIVATE LIMITED
Registered Office :	B-5, Lawyers Colony, Agra – 282002, Uttar Pradesh
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	03.05.2000
Com. Reg. No.:	20-025371
Capital Investment / Paid-up Capital :	Rs. 12.023 Millions
CIN No.: [Company Identification No.]	U50300UP2000PTC025371
TIN No.:	09702104208
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AACCM7645N
Legal Form :	Private Limited Liability Company
Line of Business :	Dealer and Distributor of Maruti Cars.
No. of Employees :	25 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (30)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. The rating is constrained on account of company’s moderate financial risk profile marked by leverage capital structure and low profitability margins of the company. However, trade relations are fair. Business is active. Payments are reported to be slow but correct. The company can be considered for business dealing with some caution.

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 – September 30, 2014

Country Name	Previous Rating (30.06.2014)	Current Rating (30.09.2014)
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

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 31-03-2014.

INFORMATION PARTED BY

Name :	Mr. Rajender Mahrotra
Designation :	Manager
Contact No.:	91-9837950606
Date :	05.01.2015

LOCATIONS

Registered Office :	B-5, Lawyers Colony, Agra – 282002, Uttar Pradesh, India
Tel. No.:	91-562-4050100/ 4050120/ 4050119
Mobile No.:	91-9837950606 [Mr. Rajender Mahrotra]
Fax No.:	91-562-4050103/ 2531400
E-Mail :	smehraca@yahoo.com shankeragra@yahoo.com
Branch Office 1 :	Near Ashish Garden, Sultanganj, Vijay Nagar, Agra, Uttar Pradesh, India
Branch Office 2 :	6A, Vibhav Industrial, Artoni, Agra, Uttar Pradesh, India
Branch Office 3 :	Old RTO Compound, Pratappura, Agra, Uttar Pradesh, India

DIRECTORS

AS ON 30.09.2014

Name :

Mr. Ravi Shanker

Designation :

Director

Address :

83, Old Vijay Nagar Colony, Agra – 282004, Uttar Pradesh, India

Date of Birth/Age :

24.02.1958

Date of Appointment :

03.05.2000

PAN No.:

ABDPA2165Q

DIN No.:

00495374

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	U50300UP2000PTC025371	MADHUSUDAN MOTORS PRIVATE LIMITED	Director	03/05/2000	03/05/2000	-	Active	NO
2	U35914UP2004PTC029258	SHANKER AUTOMOBILES PRIVATE LIMITED	Director	24/11/2004	24/11/2004	20/02/2008	Active	NO
3	U45201UP2006PTC031750	MADHAV COLONIZERS PRIVATE LIMITED	Director	03/05/2006	03/05/2006	-	Active	NO
4	U45400UP2007PTC033100	SHREE HARI AWAS PRIVATE LIMITED	Director	02/04/2007	02/04/2007	-	Active	NO
5	U45400UP2007PTC033854	SHANKER AWAS PRIVATE LIMITED	Director	06/09/2007	06/09/2007	31/07/2009	Active	NO
6	U45400UP2008PTC034692	DWARIKA INFRABUILDTECH PRIVATE LIMITED	Director	20/02/2008	20/02/2008	-	Active	NO
7	U45201UP2006PTC032640	VIDISHA INFRA DEVELOPERS PRIVATE LIMITED	Director	25/02/2008	25/02/2008	16/02/2011	Active	NO
8	U45400UP2007PTC033846	SHANKER CITY PLANNER PRIVATE LIMITED	Director	26/06/2008	26/06/2008	-	Active	NO
9	U27310UP2008PLC035838	SHANKER INDIA LIMITED	Director	14/08/2008	14/08/2008	25/03/2014	Active	NO
10	U45400UP2008PTC036153	KRISHNA CITY PLANNER PRIVATE LIMITED	Director	14/10/2008	14/10/2008	-	Active	NO
11	U45200UP2006PTC032648	HARIBHAKTI SHELTERS PRIVATE LIMITED	Additional director	05/09/2009	05/09/2009	-	Active	NO
12	U45400UP2010PTC039913	DEEKSHA ASHIYANA PRIVATE LIMITED	Director	15/04/2010	15/04/2010	01/10/2013	Active	NO
13	U70102UP2010PTC040299	POOJA DWELLINGS PRIVATE LIMITED	Director	21/04/2010	21/04/2010	-	Active	NO
14	U70102UP2010PTC040765	KANHA DWELLINGS PRIVATE LIMITED	Director	25/05/2010	25/05/2010	15/11/2014	Active	NO
15	U70102UP2010PTC041389	VASUDEV DWELLINGS PRIVATE LIMITED	Director	19/07/2010	19/07/2010	-	Active	NO
16	U70102UP2010PTC042549	BHAKTI DWELLINGS PRIVATE LIMITED	Director	11/11/2010	11/11/2010	20/12/2012	Active	NO
17	U45200UP2007PTC032754	R D SHELTERS PRIVATE LIMITED	Director	28/09/2011	31/01/2011	-	Active	NO
18	U70109UP2011PTC044342	YADURAJ BUILDERS PRIVATE LIMITED	Director	13/04/2011	13/04/2011	-	Active	NO
19	U45400UP2010PTC040768	SHILPGRAM HOUSING PRIVATE LIMITED	Director	28/07/2011	28/07/2011	-	Active	NO
20	U70102UP2011PTC046358	RAGHUPATI BUILDERS PRIVATE LIMITED	Director	29/08/2011	29/08/2011	-	Active	NO
21	U70102UP2010PTC042545	RAGHAV DWELLINGS PRIVATE LIMITED	Director	16/09/2011	16/09/2011	-	Active	NO
22	U70102UP2012PTC048622	JATIN BUILDERS PRIVATE LIMITED	Director	30/01/2012	30/01/2012	-	Active	NO

Name :

Rama Shanker

Designation :

Director

Address :

22/44, Old Vijay Nagar Colony, Agra – 282004, Uttar Pradesh, India

Date of Birth/Age :

01.03.1960

Date of Appointment :

03.05.2000

PAN No.:

ABDPA7616G

DIN No.:

00607402

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	U50300UP1998PTC023404	MUKUND SALES PRIVATE LIMITED	Director	28/04/1998	28/04/1998	-	Active	NO
2	U50300UP2000PTC025371	MADHUSUDAN MOTORS PRIVATE LIMITED	Director	03/05/2000	03/05/2000	-	Active	NO
3	U45201UP2006PTC031751	MUKUND SHELTERS PRIVATE LIMITED	Director	03/05/2006	03/05/2006	-	Active	NO
4	U45400UP2007PTC033099	SHREE BALAJI ASHIYANA PRIVATE LIMITED	Director	02/04/2007	02/04/2007	-	Active	NO
5	U45400UP2007PTC033853	SHANKER ASHIYANA PRIVATE LIMITED	Director	06/09/2007	06/09/2007	20/10/2010	Active	NO
6	U45400UP2007PTC033846	SHANKER CITY PLANNER PRIVATE LIMITED	Director	26/06/2008	26/06/2008	-	Active	NO
7	U45200UP2006PTC032648	HARIBHAKTI SHELTERS PRIVATE LIMITED	Additional director	05/09/2009	05/09/2009	-	Active	NO
8	U45201UP2006PTC031750	MADHAV COLONIZERS PRIVATE LIMITED	Additional director	14/09/2009	14/09/2009	-	Active	NO
9	U70109UP2011PTC044338	SHYAMAK BUILDERS PRIVATE LIMITED	Director	16/08/2011	16/08/2011	-	Active	NO
10	U70102UP2010PTC042545	RAGHAV DWELLINGS PRIVATE LIMITED	Director	16/09/2011	16/09/2011	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Rajender Mahrotra
Designation :	Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2014

Names of Shareholders	No. of Shares
Anurag Agarwal	51000
Anju Agarwal	10000
Meena Kumari	83800
Mudit Shanker	4000
Ravi Shanker Agarwal [HUF]	105000
Ravi Shanker Agarwal [HUF]	65000
Renu Agarwal	118500
Rachit Agarwal	76800
Ravi Shanker Agarwal	117500
Ravi Shanker Agarwal	119800
Rama Shanker [HUF]	71125
Rajeev Gupta	21000
Rajeev Agarwal [HUF]	88725
Rama Shanker	77000
Sakshi Agarwal	20000
Shewta Agarwal	1000
Usha Agarwal	97000
Shivam Traders and Hire Purchase Private Limited, India	75000
Total	1202250

AS ON 30.09.2014

Equity Share Breakup	Percentage of Holding
Category
Bodies corporate	6.00
Directors or relatives of directors	94.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Dealer and Distributor of Maruti Cars.
Brand Names :	--
Agencies Held :	--
Exports :	Not Available
Imports :	Not Available
Terms :
Selling :	Cash and Credit [30 days]
Purchasing :	Cash and Credit [30 days]

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

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

Customers :

Retailers and Others

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

No. of Employees :

25 (Approximately)

Bankers :

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 A/c Opening):	Not Divulged
Average Balance Maintained (Optional):	Not Divulged
Credit Facilities Enjoyed (CC/OD/Term Loan):	Not Divulged
Account Operation:	Not Divulged
Remarks: Not Divulged

· Indusind Bank Limited

Ground Floor, Puneet Vrindavan, 48/6, Sanjay Place, Agra - 282002, Uttar Pradesh, India

· State Bank of India

SIB Branch, Sanjay Place, Agra - 282002, Uttar Pradesh, India

Facilities :

SECURED LOANS	31.03.2014 (Rs. In Millions)	31.03.2013 (Rs. In Millions)
LONG-TERM BORROWINGS
Car Loan from HDFC Bank **	0.000	0.255
Term Loan from Kotak Mahindra Primus Limited *	7.096	10.191
Term Loan from SIDBI *	51.655	24.351
Term Loan from Tata Capital *	6.988	19.800
SHORT TERM BORROWINGS
CC Limit from Indusind Bank Limited *	10.251	12.900
Lap OD Limit from SBI, SIB Branch, Agra **	20.143	22.566
Lap OD Limit from Axis Bank Limited **	11.004	8.773
Under Dealer Credit Scheme through MUL ***	34.661	31.658
Total	141.798	130.494
LONG-TERM BORROWINGS * Secured against personal property and personal guarantee of the Directors of the Company. ** Secured against Car and personal guarantee of Directors of the Company. SHORT TERM BORROWINGS * Secured against hypothecation of stock and debtors of the Company and personal guarantee of the Directors. ** Secured against property of Group Companies and personnel guarantee of the Directors of the Company. *** Against New Vehicles purchase from MUL under Dealer Credit Scheme.

Banking Relations :	--
Financial Institution :	· Tata Capital Financial Services Limited One Forbes, Dr. V. B. Gandhi Marg, Fort, Mumbai - 400001, Maharashtra, India
Auditors :
Name :	Mehra Sanjay and Company Chartered Accountants
Address :	4, E 13/6, II Floor, Raman Tower, Sanjay Place, Agra – 282002, Uttar Pradesh, India
Tel. No.:	91-562-4013909
Mobile No.:	91-9897653873
Fax No.:	91-562-4013909
E-Mail :	smehraca@yahoo.com
Income-tax PAN of auditor or auditor's firm :	AALFM9685Q
Associate Body Corporate :	· Madhusudan Vehicles Private Limited · Shivam Traders and Hire Purchases Private Limited · Anant Buildcon Private Limited · Chandra Colonisers Private Limited · Chandramaul Properties Private Limited · Mukund Sales Private Limited · Shree Ganesh Buildtech (India) Private Limited · Gopalji City Planner Private Limited

CAPITAL STRUCTURE

AS ON 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
1,250,000	Equity Shares	Rs. 10/- each	Rs. 12.500 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1,202,250	Equity Shares	Rs. 10/- each	Rs. 12.023 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	12.023	12.023	12.023
(b) Reserves & Surplus	33.703	30.317	26.758
(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)	45.726	42.340	38.781
(3) Non-Current Liabilities
(a) Long-term borrowings	98.133	72.344	52.276
(b) Deferred tax liabilities (Net)	1.322	1.238	1.076
(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)	99.455	73.582	53.352
(4) Current Liabilities
(a) Short term borrowings	76.059	75.897	101.013
(b) Trade payables	5.659	9.312	7.714
(c) Other current liabilities	32.457	25.899	23.142
(d) Short-term provisions	1.933	1.414	1.250
Total Current Liabilities (4)	116.108	112.522	133.119
TOTAL	261.289	228.444	225.252
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	24.193	25.872	25.071
(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	0.268	0.268	0.268
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000	0.000
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	24.461	26.140	25.339
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	88.111	65.197	64.012
(c) Trade receivables	21.980	18.121	15.469
(d) Cash and cash equivalents	37.276	16.823	23.910
(e) Short-term loans and advances	89.461	102.163	96.522
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	236.828	202.304	199.913
TOTAL	261.289	228.444	225.252

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Revenue from Operations	964.025	896.519	765.211
		Other Income	13.632	14.633	13.514
		TOTAL (A)	977.657	911.152	778.725
Less	EXPENSES
		Purchases of Stock-in-Trade	890.079	804.084	651.509
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(22.915)	(1.185)	34.645
		Employees benefits expense	31.376	28.457	23.325
		Other expenses	34.521	34.154	29.140
		TOTAL (B)	933.061	865.510	738.619
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		44.596	45.642	40.106
Less	FINANCIAL EXPENSES (D)		36.540	37.911	32.661
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		8.056	7.731	7.445
Less/ Add	DEPRECIATION/ AMORTISATION (F)		2.653	2.596	2.611
	PROFIT BEFORE TAX (E-F) (G)		5.403	5.135	4.834
Less	TAX (H)		2.017	1.576	1.431
	PROFIT AFTER TAX (G-H) (I)		3.386	3.559	3.403
	Earnings Per Share (Rs.)		2.82	2.96	2.83

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT/Sales)	(%)	0.35	0.40	0.44
Operating Profit Margin (PBDIT/Sales)	(%)	4.63	5.09	5.24
Return on Total Assets (PBT/Total Assets}	(%)	2.07	2.25	2.15
Return on Investment (ROI) (PBT/Networth)		0.12	0.12	0.12
Debt Equity Ratio (Total Debt/Networth)		3.81	3.50	3.95
Current Ratio (Current Asset/Current Liability)		2.04	1.80	1.50

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particulars	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	12.023	12.023	12.023
Reserves & Surplus	26.758	30.317	33.703
Net worth	38.781	42.340	45.726
Long-term borrowings	52.276	72.344	98.133
Short term borrowings	101.013	75.897	76.059
Total borrowings	153.289	148.241	174.192
Debt/Equity ratio	3.953	3.501	3.809

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	765.211	896.519	964.025
		17.160	7.530

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	765.211	896.519	964.025
Profit	3.403	3.559	3.386
	0.44%	0.40%	0.35%

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)	No
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	No

------------------------------------------------------------------------------------------------------------------------------

UNSECURED LOANS

(RS. IN MILLIONS)

PARTICULARS	31.03.2014	31.03.2013
LONG-TERM BORROWINGS
Madhusudan Vehicles Private Limited	1.666	1.747
Gopalji City Planner Private Limited	17.728	16.000
Shree Ganesh Buildtech (India) Private Limited	13.000	0.000
Total	32.394	17.747

------------------------------------------------------------------------------------------------------------------------------

COMPUTATION OF TOTAL INCOME

MADHUSUDAN MOTORS PRIVATE LIMITED

(RS. IN MILLIONS)

PARTICULARS	31.03.2014
Income Heads	Income before Set off		Income after Set off
Income from House Property	0.000		0.000
Income from Business or Profession	6.282		6.282
Income from Capital Gains	0.000		0.000
Income from Other Sources	0.000		0.000
			-----------
Gross Total Income			6.282
Less: Deduction under Chapter VIA			0.026
			-----------
Total Income			6.256
Rounding off u/s 288A			6.256
Income Taxable at Normal Rate		6.256
Income Taxable at Special Rate		0.000
TAX CALCULATION
Tax at Normal Rates	1.877
	MAT Prov.	Normal Prov.
Total Tax as per other provisions of the IT Act		1.877
Tax payable u/s 115JB	1.000
Add: Surcharge [if applicable]	0.000
	-----------
Total	1.000	1.877
Add: Education Cess	0.020	0.037
Add: Secondary and Higher Education Cess	0.010	0.019
	-----------	-----------
Total	1.030	1.933
Higher of the above two			1.933
Less: TDS / TCS			2.401
			-----------
Assessed Tax			(0.468)
Amount Refundable			0.468
Amount Refundable rounded off u/s 288 B	0.488

------------------------------------------------------------------------------------------------------------------------------

NETWORTH STATEMENT

RAMA SHANKER

(RS. IN MILLIONS)

DETAILS OF ASSETS OWNED

SR. NO.	FULL DESCRIPTION OF PROPERTY GIVING LOCATION AND FULL ADDRESS	PURCHASE PRICE	PRESENT MARKET PRICE	WHETHER THE PROPERTY IS MORTGAGED	NATURE OF PROPERTY – RESIDENTIAL/ COMMERCIAL/ INDUSTRIAL
1	Plot at Mathura	0.106	1.200	Free	Residential
2	Plot 239/4, Transport Nagar Agra	0.013	1.350	Free	Commercial
3	Plot at Lakawali Agra	0.791	4.950	Free	Commercial
4	Shop	0.060	1.325	Free	Commercial
5	Shop No. 286/2 Transport Nagar, Agra	0.025	2.000	Free	Commercial

DETAILS OF INVESTMENTS

PARTICULARS	AMOUNT IN MILLIONS
Appegeo Limited	0.006
Atlantic Spg and Waving Mills Limited	0.001
Avichem Resines Limited	0.001
Bharani Oils Limited	0.001
Bhatinda Chemicals Limited	0.002
Carbon Composite India Limited	0.001
Essar Gujrat Limited	0.002
HDFC Midcap Aportunity Fund	0.165
HDFC Tax Saver Fund	0.059
lndo Texprints Limited	0.001
JK Synthetics Limited	0.009
Konkarn Engg. Works Limited	0.009
Krishna Engg. Works Limited	0.010
Madhusudan Motors Private Limited	1.166
Manglore Refinery and Chemicals Limited	0.006
Megna Electronics Limited	0.001
Mideast India Limited	0.004
Morgan Stanley Growth Fund	0.003
Mrinal Dying Mfg. Co. Limited	0.001
Mukund Sales Private Limited	0.315
My Bikes Private Limited	0.050
Nagarjuna Fertilizers and Chemicals Limited	0.013
PNB PPF	0.042
Power Grid	0.025
Raghav Dwellings Private Limited	0.050
Rajasthan Telephone lnd. Limited	0.005
Reliance Petroleum Limited	0.001
Reliance Power IPO	0.007
Rukmani Shelters Private Limited	0.050
SBI MF Tax Gain	0.141
Secure Industries Limited	0.001
Shanker City Plannar Private Limited	0.050
Shree Ram Piston and Rings Limited	0.005
STI Granities India Limited	0.001
STI Granties Limited	0.001
Tata Right Issue	0.018
Tata Steel Pub Issue	0.064
Telco NCD	0.017
Todur India Limited	0.001
Uniworth International Limited	0.001
Vinayak Industries Limited	0.001
Water Base Limited	0.001
Canara Bank FDR	0.196
UCO Bank FDR	0.385
Bank of India FDR	0.000
Total	2.889

DEPOSIT WITH BANKS

SR. NO.	NAME OF BANKS	NATURE OF A/C SB/ FD/ RD/ CA	A/C NO.	BALANCE AS ON
1	Indusind Bank Limited	SB A/c	0064G50772001	0.017
2	IDBI Bank Limited	SB A/c	--	0.011
3	Indusind Bank Limited	C/A	--	0.018
4	Canara Bank	C/A	--	0.007

INSURANCE POLICIES ON OWN LIFE HELD

SR. NO.	POLICY NO.	AMOUNT INSURED	SURRENDER VALUE PAID VALUE	DATE OF COMMENCEMENT	DATE OF MATURITY	WHETHER ENCUMBERED	ANNUAL PREMIUM PAYABLE
1	263120537	0.500	NA	2003	2022	NA	0.017

DETAILS OF OTHER PERSONAL ASSETS SUCH AS JEWELLERY, CAR ETC.

PARTICULARS	AMOUNT IN MILLIONS
Tractor and Farm Equipment Limited	0.100
Bishvanath Traders and Investment Limited	0.005
Mobile Phone	0.003
Sales Tax Department	0.001
Shree Ram Piston and Rings	0.010
Shree Ram Automotive Products	0.005
Telephone Security	0.002
House Booking With Swami Nirman	11.100
UP Awas and Vikas Parishad	0.010
Income Tax Refund A.Y'2004-05	0.002
Income Tax Refund A.Y.2008-09	0.032
Income Tax Refund A.Y.2009-10	0.002
Income Tax Refund A.Y.2OL2-L3	0.022
Prepaid Expenses	0.021
Sunny Motors	0.028
Advance CENVAT	0.045
Vat Against Seized Goods	0.025
Sundry Debtors	2.975
Closing Stock	8.830
Cheqes in Hand	0.039
Cash in Hand	0.798
Other Fixed Assets	2.085
Total	26.140
Less:
Sundry Creditors	2.079
Cheques issued but not Presented	0.392
Total	2.471
Total	23.669

TOTAL OF ABOVE [A]

RS. 37.436 MILLIONS

DETAILS OF BORROWINGS

SR. NO.	BORROWINGS FROM	AMOUNT OF BORROWINGS	NATURE OF BORROWINGS	SECURITY OFFERED	WHEN PAYABLE
1	UCO Bank	1.421	C/C Limit	3/113, T.P. Nagar, Agra	Yearly renewal
2	LIC of India	0.627	T/L Limit	LIC Policy	Upto 2020
3	Volkswagen Finance	1.289	Car Loan	--	Repayable upto 2017
4	Unsecured Loans from Friends and Relatives	4.526	--	--	--
	TOTAL [B]	7.863

NET MEANS [A - B]

RS. 29.573 MILLIONS

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NETWORTH STATEMENT

MR. RAVI SHANKER

(RS. IN MILLIONS)

DETAILS OF ASSETS OWNED

SR. NO.	FULL DESCRIPTION OF PROPERTY GIVING LOCATION AND FULL ADDRESS	PURCHASE PRICE	PRESENT MARKET PRICE	WHETHER THE PROPERTY IS MORTGAGED	NATURE OF PROPERTY – RESIDENTIAL/ COMMERCIAL/ INDUSTRIAL
1	Shop No. 217/1, Transport Nagar, Agra	0.034	1.150	Free	Commercial
2	Shop No. 291/1, Transport Nagar, Agra	0.033	6.200	Free	Commercial

DETAILS OF INVESTMENTS

PARTICULARS	AMOUNT IN MILLIONS
Adi Nath Shelters Private Limited	0.041
Dalima Resorts Private Limited	0.035
Deeksha Ashiyana Private Limited	0.400
Dwarika Infra Buildtech Private Limited	0.050
Focus Industrial Resources Limited	0.100
Investment in Old Shares	0.165
Jatin Builders Private Limited	0.050
Kanha Dwellings Private Limited	0.040
Krishna City Plannar Private Limited	0.050
Madhav Colonizers Private Limited	0.050
Madhusudan Motors Private Limited	1.815
My Bikes Private Limited	0.050
PNB PPF A/c	0.009
Pooja Dwellings Private Limited	0.017
Raghav Dwellings Private Limited	0.050
Raghupati Builders Private Limited	0.050
Reliance Power Limited	0.007
Rukmani Shelters Private Limited	0.001
SBI MF Tax Gain	0.160
Shanker City Plannar Private Limited	0.050
Shanker India Limited	0.200
Shilpgram Housing Private Limited	0.050
Shivam Shelters Private Limited	0.001
Shivam Traders and Hire Purchase Private Limited	0.038
Shree Ganesh Buildtech India Private Limited	1.759
Shree Vishnu Nirman Private Limited	0.001
Shree Hari Awas Private Limited	0.050
Swami Nirman Private Limited	0.000
Vasudev Dwellings Private Limited	0.050
Yaduraj Builders Private Limited	0.050
Total	5.389

DEPOSIT WITH BANKS

SR. NO.	NAME OF BANKS	NATURE OF A/C SB/ FD/ RD/ CA	A/C NO.	BALANCE AS ON
1	Indusind Bank Limited	SB A/c	0064G50768001	0.077
2	IDBI Bank Limited	SB A/c	--	0.011
3	State Bank of India	SB A/c	--	0.006
4	HDFC Bank Limited	SB A/c	--	0.021

INSURANCE POLICIES ON OWN LIFE HELD

SR. NO.	POLICY NO.	AMOUNT INSURED	SURRENDER VALUE PAID VALUE	DATE OF COMMENCEMENT	DATE OF MATURITY	WHETHER ENCUMBERED	ANNUAL PREMIUM PAYABLE
1	263120537	0.500	NA	2001	2025	NA	0.031
2	263120543	0.250	NA	2003	2022	NA	0.017
3	260076643	0.025	NA	1988	2015	NA	0.001

DETAILS OF OTHER PERSONAL ASSETS SUCH AS JEWELLERY, CAR ETC.

PARTICULARS	AMOUNT IN MILLIONS
Share Application PDPL	0.100
Share Application RMPL	0.001
Ornaments Jewellery	0.123
Revolver	0.016
Loans and Advances	37.533
Security Deposits	0.040
UP AWAS Vikas	0.010
Income Tax Refund A.Y.2A12-1"3	0.027
Income Tax Refund A.Y.2OL3-14	0.150
Income Tax Refund A.Y.201,4-1,5	0.362
Telephone Security	0.002
Cash in Hand	0.327
Total	38.691
Less: Current Liabilities	0.003
Total	38.688

TOTAL OF ABOVE [A]

RS. 51.541 MILLIONS

DETAILS OF BORROWINGS

SR. NO.	BORROWINGS FROM	AMOUNT OF BORROWINGS	NATURE OF BORROWINGS	SECURITY OFFERED	WHEN PAYABLE
1	Shreyash Gramin Bank	0.000	OD Limit	1/291, T.P. Nagar, Agra	Yearly Renewal
2	HDFC Bank Limited	0.000	OD Limit	B-6, Lawyers Colony, Agra	Upto 2020
3	LIC of India	0.299	T/L	LIC	Repayable upto the end of policy
4	Unsecured Loans from Friends and Relatives	36.898	--	--
	TOTAL [B]	37.197

NET MEANS [A - B]

RS. 14.344 MILLIONS

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INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10513816	17/07/2014	4,925,000.00	TATA CAPITAL FINANCIAL SERVICES LIMITED	ONE FORBES, DR. V. B. GANDHI MARG, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA	C15612997
2	10515413	17/07/2014	5,340,000.00	TATA CAPITAL FINANCIAL SERVICES LIMITED	ONE FORBES, DR. V. B. GANDHI MARG, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA	C16746638
3	10515412	17/07/2014	6,360,000.00	TATA CAPITAL FINANCIAL SERVICES LIMITED	ONE FORBES, DR. V. B. GANDHI MARG, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA	C16745382
4	10513811	17/07/2014	6,475,000.00	TATA CAPITAL FINANCIAL SERVICES LIMITED	ONE FORBES, DR. V. B. GANDHI MARG, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA	C15611320
5	10511432	01/05/2014	80,000,000.00	STATE BANK OF INDIA	SME-SIB BRANCH, SANJAY PLACE, AGRA, UTTAR PRADESH - 282002, INDIA	C13809728
6	10105811	26/05/2008	25,000,000.00	INDUSIND BANK LIMITED	PUNEET VRINDAVAN, SANJAY PLACE, AGRA, UTTAR PRADESH - 282002, INDIA	A39703194

CORPORATE INFORMATION

The Company is a dealer of Maruti Suzuki India Limited for Maruti Cars. The company is also running 4 workshops for Maruti Vehicles.

FIXED ASSETS:

· Furniture

· Office Equipment

· Computer

· Electrical Equipment

· Plant and Machinery

· Tools

· Demo Vehicles

· Temporary Erection

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. 63.39
UK Pound	1	Rs. 96.72
Euro	1	Rs. 75.80

INFORMATION DETAILS

Information Gathered by :	SVA
Analysis Done by :	KAR
Report Prepared by :	BVA

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--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
DEFAULTERS
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		30

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.