MIRA INFORM REPORT

Report No. :	304691
Report Date :	31.01.2015

IDENTIFICATION DETAILS

Name :	ACG INSPECTION SYSTEMS PRIVATE LIMITED (w.e.f. 18.08.2009)
Formerly Known As :	SITLA ESTATES PRIVATE LIMITED
Registered Office :	1001, Dalamal House, Nariman Point, Mumbai – 400021, Maharashtra
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	13.05.2009
Com. Reg. No.:	11-192362
Capital Investment / Paid-up Capital :	Rs.10.000 Millions
CIN No.: [Company Identification No.]	U72300MH2009PTC192362
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	Not Available
Legal Form :	Private Limited Liability Company
Line of Business :	Assembling of Inspection Systems
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (47)

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 is a well established company having satisfactory track. Trade relations are reported to be fair. Business is active. Payments are reported as usually correct. The company can be considered normal for business dealings at usual trade terms and condition.

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

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 31-03-2014.

INFORMATION PARTED BY

Name :	Mr. Anesa D’souza
Designation :	Accounts Executive
Contact No.:	91-22-30462833
Date :	24.01.2015

LOCATIONS

Registered Office :	1001, Dalamal House, Nariman Point, Mumbai – 400021, Maharashtra, India
Tel. No.:	91-22-22282557/ 22880461
Fax No.:	91-22-22880461
E-Mail :	Shabbir.patel@acg-world.com
Head Office/ Assembly Unit:	7, Jogeshwari West, Prabaht Nagar, Jogeshwari (West), Mumbai – 400102, Maharashtra, India
Tel. No.:	91-22-30462832/33
Fax No.:	91-22-26780131

DIRECTORS

As on 11.06.2014

Name :

Mr. Karan Jasjit Singh

Designation :

Managing Director

Address :

2-B, Swapnalok, Nepeansea Road, Mumbai – 400006, Maharashtra, India

Date of Birth/Age :

23.07.1979

Date of Appointment :

01.11.2012

DIN No.:

00901342

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	U01110MH1971GAP015467	SCI-TECH CENTRE	Director	01/01/2005	01/01/2005	-	Active	NO
2	U24239MH1961PTC012061	ACG ASSOCIATED CAPSULES PRIVATE LIMITED	Director	01/04/2005	01/04/2005	-	Active	NO
3	U24239MH1972PTC015632	ACG PAM PHARMA TECHNOLOGIES PRIVATE LIMITED	Managing director	01/11/2012	25/11/2005	-	Active	NO
4	U27299MH1987PTC044041	ACG Pampac Machines Private Limited	Managing director	01/11/2012	25/11/2005	-	Active	NO
5	U45402PN1992PLC065521	M-TECH INNOVATIONS LIMITED	Nominee director	24/09/2007	24/09/2007	-	Active	NO
6	U72300MH2009PTC192362	ACG Inspection Systems Private Limited	Managing director	01/11/2012	30/07/2009	-	Active	NO
7	U45200MH2004PTC149770	ACG PHARMAPACK PRIVATE LIMITED	Director	24/09/2013	01/11/2012	-	Active	NO
8	U29100MH1972PTC016053	ACG AJAS COMPONENTS PRIVATE LIMITED	Director	01/11/2012	01/11/2012	-	Active	NO
9	U29251MH1996PTC104558	ACG PHARMA TECHNOLOGIES PRIVATE LIMITED	Additional director	01/04/2013	01/04/2013	-	Active	NO
10	U74120MH1983NPL031696	AJAS AGROVET FOUNDATION	Director	27/09/2013	27/09/2013	-	Active	NO
11	AAC-5537	ACG PHARMAGENTS LLP	Designated Partner	07/08/2014	07/08/2014	-	Active	NO

Name :

Mr. Unnamalai Nagarajah

Designation :

Whole time Director

Date of Birth/Age :

23.11.1965

Date of Appointment :

01.11.2012

DIN No.:

06406163

Name :

Mr. Ajit Singh

Designation :

Director

Address :

1-A, Brighton, Rughta Lane, Nepeansea Road, Mumbai – 400006, Maharashtra, India

Date of Birth/Age :

20.11.1941

Date of Appointment :

01.11.2012

DIN No.:

00915347

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	U29100MH1972PTC016053	ACG AJAS COMPONENTS PRIVATE LIMITED	Director	17/10/2012	07/10/1972	-	Active	NO
2	U01110MH1971GAP015467	SCI-TECH CENTRE	Director	15/03/1974	15/03/1974	-	Active	NO
3	U73100MH1981ULT023930	EMELL AUDHOWAGIK SAMSHODHAN NIGAM PRIVATE LIMITED	Director	28/02/1981	28/02/1981	-	Strike off	NO
4	U24235MH1988PTC048924	CUSTOM CAPSULES PRIVATE LIMITED	Director	23/09/1988	23/09/1988	-	Active	NO
5	U24239MH1972PTC015632	ACG PAM PHARMA TECHNOLOGIES PRIVATE LIMITED	Director	17/10/2012	01/11/1988	-	Active	NO
6	U27299MH1987PTC044041	ACG Pampac Machines Private Limited	Director	17/10/2012	01/11/1988	-	Active	NO
7	U74120MH1983NPL031696	AJAS AGROVET FOUNDATION	Director	01/04/1994	01/04/1994	-	Active	NO
8	U29251MH1996PTC104558	ACG PHARMA TECHNOLOGIES PRIVATE LIMITED	Director	17/12/1996	17/12/1996	-	Active	NO
9	U24239MH1983PTC031336	ACG ARTS AND PROPERTIES PRIVATE LIMITED	Director	28/09/1999	28/09/1999	-	Active	NO
10	U28129MH2003PTC139916	PACKSHIELD INDIA PRIVATE LIMITED	Director	07/04/2003	07/04/2003	-	Active	NO
11	U45200MH2004PTC149770	ACG PHARMAPACK PRIVATE LIMITED	Director	17/10/2012	01/12/2004	-	Active	NO
12	U45200MH1994PTC077466	ACG REAL ESTATE PRIVATE LIMITED	Director	11/03/2005	11/03/2005	-	Active	NO
13	U24239MH1961PTC012061	ACG ASSOCIATED CAPSULES PRIVATE LIMITED	Whole-time director	01/04/2005	01/04/2005	-	Active	NO
14	U91120MH1965GAP013389	ORGANISATION OF PHARMACEUTICAL PRODUCERS OF INDIA	Director	23/09/2006	23/09/2006	31/03/2013	Active	NO
15	U72200GJ2008PTC055122	VIZTEK TECHNOLOGIES PRIVATE LIMITED	Director	26/09/2008	26/09/2008	21/07/2009	Active	NO
16	U29219MH2009PTC190634	Pam IndTech Machines Private Limited	Director	25/03/2009	25/03/2009	-	Active	NO
17	U72300MH2009PTC192362	ACG Inspection Systems Private Limited	Director	01/11/2012	22/06/2009	-	Active	NO
18	U74999MH2008NPL185159	International Wine and Food Society	Director	01/08/2009	01/08/2009	-	Active	NO
19	U29268MH2009PTC196714	ACG Korsch Compression Technologies Private Limited	Director	28/10/2009	28/10/2009	-	Strike off	NO
20	U70102MH2010PTC198368	ORIND ESTATES PRIVATE LIMITED	Director	12/04/2010	12/04/2010	-	Active	NO
21	U70109MH2010PTC199305	EVITA ESTATES PRIVATE LIMITED	Director	12/04/2010	12/04/2010	-	Active	NO
22	U51909MH2010PTC201509	ADHIKAR TRADING PRIVATE LIMITED	Director	12/05/2010	12/05/2010	-	Active	NO
23	U51909MH2010PTC202502	JEET MERCANTILE PRIVATE LIMITED	Director	14/05/2010	14/05/2010	-	Active	NO
24	U74210MH2010PTC204129	ACG METALCRAFTS PRIVATE LIMITED	Director	26/07/2010	26/07/2010	-	Active	NO
25	U93000MH2014NPL252649	INTERNATIONAL PHARMACEUTICAL EXCIPIENTS' COUNCIL OF INDIA	Director	30/01/2014	30/01/2014	-	Active	NO
26	AAA-1357	ACG VALUE LINKS LLP	Body corporate as Designated Partner	18/05/2010	18/05/2010	-	Active	NO
27	AAC-5537	ACG PHARMAGENTS LLP	Designated Partner	07/08/2014	07/08/2014	-	Active	NO
28	AAC-7261	GLOBESCAN ENTERPRISES LLP	Designated Partner	17/09/2014	17/09/2014	-	Active	NO

Name :

Mr. Harpal Singh

Designation :

Director

Address :

D- 604, Sector – 61, Krishna Apra Residency, Noida – 201301, Uttar Pradesh, India

Date of Birth/Age :

15.08.1973

Date of Appointment :

12.10.2009

DIN No.:

01918756

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	U72200CT2008PTC020513	ANKYRA SYSTEMS PRIVATE LIMITED	Director	09/01/2008	09/01/2008	-	Active	NO
2	U72300MH2009PTC192362	ACG Inspection Systems Private Limited	Director	12/10/2009	12/10/2009	-	Active	NO

Name :

Mr. Mukund Krishna Shridharan

Designation :

Director

Address :

285, Niligiri Apartments, Alaknanda, Delhi – 110019, India

Date of Birth/Age :

16.06.1974

Date of Appointment :

12.10.2009

DIN No.:

01401839

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	U29120DL2005PTC141114	NEOMETRIX ENGINEERING PRIVATE LIMITED	Director	23/09/2005	23/09/2005	24/08/2007	Active	NO
2	U72200CT2008PTC020513	ANKYRA SYSTEMS PRIVATE LIMITED	Director	09/01/2008	09/01/2008	-	Active	NO
3	U72300MH2009PTC192362	ACG Inspection Systems Private Limited	Director	12/10/2009	12/10/2009	-	Active	NO

Name :

Mr. Jasjit Singh

Designation :

Director

Address :

2-B, Swapnalok, Nepeansea Road, Mumbai – 400006, Maharashtra, India

Date of Birth/Age :

03.04.1943

Date of Appointment :

22.06.2009

DIN No.:

00901470

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	U29100MH1972PTC016053	ACG AJAS COMPONENTS PRIVATE LIMITED	Managing director	01/11/2012	07/10/1972	-	Active	NO
2	U24239MH1972PTC015632	ACG PAM PHARMA TECHNOLOGIES PRIVATE LIMITED	Director	02/12/1972	02/12/1972	-	Active	NO
3	U01110MH1971GAP015467	SCI-TECH CENTRE	Director	12/07/1976	12/07/1976	-	Active	NO
4	U73100MH1981ULT023930	EMELL AUDHOWAGIK SAMSHODHAN NIGAM PRIVATE LIMITED	Director	28/02/1981	28/02/1981	-	Strike off	NO
5	U74120MH1983NPL031696	AJAS AGROVET FOUNDATION	Director	29/12/1983	29/12/1983	-	Active	NO
6	U27299MH1987PTC044041	ACG Pampac Machines Private Limited	Director	09/07/1987	09/07/1987	-	Active	NO
7	U24235MH1988PTC048924	CUSTOM CAPSULES PRIVATE LIMITED	Director	23/09/1988	23/09/1988	-	Active	NO
8	U29251MH1996PTC104558	ACG PHARMA TECHNOLOGIES PRIVATE LIMITED	Director	17/12/1996	17/12/1996	-	Active	NO
9	U24239MH1983PTC031336	ACG ARTS AND PROPERTIES PRIVATE LIMITED	Director	01/10/1998	01/10/1998	-	Active	NO
10	U28129MH2003PTC139916	PACKSHIELD INDIA PRIVATE LIMITED	Director	07/04/2003	07/04/2003	-	Active	NO
11	U45200MH2004PTC149770	ACG PHARMAPACK PRIVATE LIMITED	Managing director	01/11/2012	01/12/2004	-	Active	NO
12	U45200MH1994PTC077466	ACG REAL ESTATE PRIVATE LIMITED	Director	11/03/2005	11/03/2005	-	Active	NO
13	U24239MH1961PTC012061	ACG ASSOCIATED CAPSULES PRIVATE LIMITED	Managing director	01/04/2005	01/04/2005	-	Active	NO
14	U72200GJ2008PTC055122	VIZTEK TECHNOLOGIES PRIVATE LIMITED	Director	26/09/2008	26/09/2008	21/07/2009	Active	NO
15	U29219MH2009PTC190634	Pam IndTech Machines Private Limited	Director	25/03/2009	25/03/2009	-	Active	NO
16	U72300MH2009PTC192362	ACG Inspection Systems Private Limited	Director	22/06/2009	22/06/2009	-	Active	NO
17	U29268MH2009PTC196714	ACG Korsch Compression Technologies Private Limited	Director	28/10/2009	28/10/2009	-	Strike off	NO
18	U70102MH2010PTC198368	ORIND ESTATES PRIVATE LIMITED	Director	12/04/2010	12/04/2010	-	Active	NO
19	U70109MH2010PTC199305	EVITA ESTATES PRIVATE LIMITED	Director	12/04/2010	12/04/2010	-	Active	NO
20	U51909MH2010PTC201509	ADHIKAR TRADING PRIVATE LIMITED	Director	12/05/2010	12/05/2010	-	Active	NO
21	U51909MH2010PTC202502	JEET MERCANTILE PRIVATE LIMITED	Director	14/05/2010	14/05/2010	-	Active	NO
22	U74210MH2010PTC204129	ACG METALCRAFTS PRIVATE LIMITED	Director	26/07/2010	26/07/2010	-	Active	NO
23	U91990MH2010NPL211312	W P ORGANISATION (MUMBAI CHAPTER)	Director	23/12/2010	23/12/2010	10/01/2011	Active	NO
24	AAA-1357	ACG VALUE LINKS LLP	Body corporate as Designated Partner	18/05/2010	18/05/2010	-	Active	NO
25	AAC-5537	ACG PHARMAGENTS LLP	Designated Partner	07/08/2014	07/08/2014	-	Active	NO
26	AAC-7261	GLOBESCAN ENTERPRISES LLP	Designated Partner	17/09/2014	17/09/2014	-	Active	NO

KEY EXECUTIVES

Name :	Java Sharma and Associates
Designation :	Practicing Company Secretaries
Address :	1 Vishal Apartment, Saibaba Park Evershine Nagar, Malad (West), Mumbai – 400064, Maharashtra, India
Tel No.:	91-22-2881835
Fax No.:	91-22-2881835
Email:	jaya@jsa-cs.com jaya.jscs@gmail.com
Website:	www.jsa-cs.com
Name :	Mr. Anesa D’Souza
Designation :	Accounts Executive

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 11.06.2014

Names of Shareholders	No. of Shares	Percentage
Ajit Daljit Singh	283367	28.34
Jasjit Daljit Singh	283367	28.34
Karan Jasjit Singh	283366	28.34
Harpal Singh	74950	7.50
Mukund Krishna Shridharan	74950	7.50
Total	1000000	100.00

Equity Share Break up (Percentage of Total Equity)

As on 11.06.2014

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Assembling of Inspection Systems
Products :	Not Available
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Available
Imports :	Not Available
Terms :	Not Available

GENERAL INFORMATION

Suppliers :

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

Customers :

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

No. of Employees :

Not Available

Bankers :

Not Available

Facilities :

SECURED LOAN

(Rs. In Millions)

Particulars	As on 31.03.2014	As on 31.03.2013
Long term Borrowing
Term Loan from Bank	114.500	0.000
Total	114.500	0.000

Auditors :
Name :	B.K. Khare and Company Chartered Accountants
Address :	706/708, Sharda Chambers, New Marine Lines, Mumbai – 400020, Maharashtra, India
Tel. No.:	91-22-22000607/7318/6360
Fax No.:	91-22-22003476
E-Mail :	info@bkkareco.com
PAN N Income-tax PAN of auditor or auditor's firm :	AAAFB0265E
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	Not Divulged

CAPITAL STRUCTURE

As on 11.06.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
1000000	Equity Shares	Rs.10/- each	Rs. 10.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1000000	Equity Shares	Rs.10/- each	Rs. 10.000 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	10.000	10.000	10.000
(b) Reserves & Surplus	111.353	82.322	50.566
(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)	121.353	92.322	60.566
(3) Non-Current Liabilities
(a) long-term borrowings	114.500	0.000	0.000
(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	5.690	4.080	2.686
Total Non-current Liabilities (3)	120.190	4.080	2.686
(4) Current Liabilities
(a) Short term borrowings	40.000	0.000	0.000
(b) Trade payables	14.690	15.056	17.128
(c) Other current liabilities	6.540	15.377	10.636
(d) Short-term provisions	27.316	29.761	14.704
Total Current Liabilities (4)	88.546	60.194	42.468
TOTAL	330.089	156.596	105.720
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	8.017	9.927	10.637
(ii) Intangible Assets	0.312	0.427	1.984
(iii) Capital work-in-progress	194.212	0.250	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)	2.529	2.587	2.747
(d) Long-term Loan and Advances	2.246	0.462	1.002
(e) Other Non-current assets	0.135	0.092	1.260
Total Non-Current Assets	207.451	13.745	17.630
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	12.802	12.291	9.171
(c) Trade receivables	83.533	36.464	33.072
(d) Cash and cash equivalents	12.907	84.860	36.696
(e) Short-term loans and advances	13.332	7.678	9.083
(f) Other current assets	0.064	1.558	0.068
Total Current Assets	122.638	142.851	88.090
TOTAL	330.089	156.596	105.720

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	300.164	280.887	237.255
		Other Income	6.298	6.478	0.883
		TOTAL (A)	306.462	287.365	238.138
Less	EXPENSES
		Cost of material and components consumed	95.249	92.764	95.421
		Changes in inventories of finished goods and work-in-progress	0.748	0.389	(2.763)
		Employees benefits expenses	65.475	44.213	35.504
		Other expenses	85.810	82.375	65.952
		TOTAL (B)	247.282	219.741	194.114
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		59.180	67.624	44.024
Less	FINANCIAL EXPENSES (D)		0.000	0.000	0.062
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		59.180	67.624	43.962
Less/ Add	DEPRECIATION/ AMORTISATION (F)		2.036	3.591	4.127
	PROFIT BEFORE TAX (E-F) (G)		57.144	64.033	39.835
Less	TAX (H)		7.743	11.060	3.931
	PROFIT AFTER TAX (G-H) (I)		49.401	52.973	35.904
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		68.591	42.134	24.535
Less	APPROPRIATIONS
		Transferred to general reserve	5.000	5.300	3.700
		Interim Dividend – Paid	0.000	0.000	4.895
		Corporate Dividend Tax	0.000	0.000	0.794
		Proposed Dividend on equity shares	17.290	18.256	7.671
		Dividend distribution tax on Proposed dividend on Equity Shares	3.079	2.960	1.245
	BALANCE CARRIED TO THE B/S		92.623	68.591	42.134
	EARNINGS IN FOREIGN CURRENCY
		Export Sales	53.121	30.472	12.435
	IMPORTS
		Raw Materials and bought out components	28.033	30.803	18.320
	Earnings Per Share (Rs.)		49.40	52.97	35.90

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT/Sales)	(%)	16.46	18.86	15.13
Operating Profit Margin (PBDIT/Sales)	(%)	19.72	24.08	18.56
Return on Total Assets (PBT/Total Assets}	(%)	42.85	41.65	38.68
Return on Investment (ROI) (PBT/Networth)		0.47	0.69	0.66
Debt Equity Ratio (Total Debt /Networth)		1.27	0.00	0.00
Current Ratio (Current Asset/Current Liability)		1.39	2.37	2.07

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	10.000	10.000	10.000
Reserves & Surplus	50.566	82.322	111.353
Net worth	60.566	92.322	121.353
long-term borrowings	0.000	0.000	114.500
Short term borrowings	0.000	0.000	40.000
Total borrowings	0.000	0.000	154.500
Debt/Equity ratio	0.000	0.000	1.273

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	237.255	280.887	300.164
		18.390	6.863

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	237.255	280.887	300.164
Profit	35.904	52.973	49.401
	15.13%	18.86%	16.46%

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	No
9]	Name of person contacted	No
10]	Designation of contact person	No
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	No
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	No
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	No
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	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

NOTE:

• Registered office of the company has been shifted from 303, Maker Chmbers V, Nariman Point, Mumbai – 400021, Maharashtra, India to the present address w.e.f 22.06.2009

• No Charges Exist for Company

UNSECURED LOAN

(Rs. In Millions)

Particulars	As on 31.03.2014	As on 31.03.2013
Short Term Borrowing
Loan From Director	20.000	0.000
Loans From ACG Ajas Components Private Limited	20.000	0.000
Total	40.000	0.000

REVIEW OF PERFORMANCE

During the year, the Company’s made further strides on exports front. the Company’s thrust on reports will continue with a view to ensure sustained growth.

FIXED ASSETS

Tangible Assets

• Plant and Machinery
• Furniture and Fittings
• Vehicle
• Office Equipments
• Computers

Intangible Assets

• Software
  

CMT REPORT (Corruption, Money Laundering & Terrorism]

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

1] INFORMATION ON DESIGNATED PARTY

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

2] Court Declaration :

No records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

6] Records on Int’l Anti-Money Laundering Laws/Standards :

Charges or investigation registered against subject: None

7] Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

8] Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

9] Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

CONTRAVENTION

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.75
UK Pound	1	Rs.93.13
Euro	1	Rs.70.02

INFORMATION DETAILS

Analysis Done by :	SUB
Report Prepared by :	JYTK

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	7
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	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	NO
--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		47

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.