MIRA INFORM REPORT

Report No. :	324888
Report Date :	01.06.2015

IDENTIFICATION DETAILS

Name :	KRISHNA GRUPO ANTOLIN PRIVATE LIMITED
Registered Office :	Plot No. 47, Sector 3, IMT Manesar, Gurgaon – 122050, Haryana
Tel. No.:	91-124-4725017
Country :	India
Financials (as on) :	31.12.2013
Date of Incorporation :	19.08.2004
Com. Reg. No.:	05-049273
Capital Investment / Paid-up Capital :	Rs. 60.000 Million
CIN No.: [Company Identification No.]	U00000HR2004PTC049273
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AACCK4149H
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Automobile
No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

A (61)

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 1200000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is a well-established and a reputed company having fine track. Subject was established in August 2004 when Krishna Group joined hands with Grupo Antolin , a leading Spanish global supplier of high quality components for vehicle interior Management of the company has failed to file its financials with the government department for FY 2014. As per the financials of 2013, Financial position of the company appears to be sound. The rating takes into consideration good profitability level and healthy net worth position backed by debt free balance sheet of the company. Trade relations are reported as fair. Business is active. Payments are reported to be regular and as per commitments. The company can be considered for business dealings at usual trade terms and conditions.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – March 31, 2015

Country Name	Previous Rating (31.12.2014)	Current Rating (31.03.2015)
India	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 DENIED BY

Name :	Mr. Siddhartha
Designation :	Account Manager
Contact No.:	91-9899805066
Date :	28.05.2015

LOCATIONS

Registered Office :	Plot NO. 47, Sector 3, IMT Manesar, Gurgaon – 122050, Haryana, India
Tel. No.:	91-124-4725017
Fax No.:	91-124-4725001
E-Mail :	companysecretary@krishnagroup.co.in
Website :	www.krishnamaruti.com
Factory:	Sec-3, IMT Manesar, Gurgaon, Haryana, India

DIRECTORS

AS ON 30.06.2014

Name :

Mr. Ashok Kapur

Designation :

Director

Address :

B – 5, Chirga Enclave, New Delhi – 110048, Delhi, India

Date of Appointment :

19.08.2004

DIN No.:

00003577

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	U74899DL1985PTC020921	SKH INFRASTRUCTURE DEVELOPERS PRIVATE LIMITED	Director	15-05-1985	15-05-1985	21-03-2015	Active	NO
2	U34300HR1991PLC032012	KRISHNA MARUTI LIMITED.	Managing director	01-06-2014	25-06-1991	-	Active	NO
3	U35999DL1996PLC075180	KRISHNA ISHIZAKI AUTO LIMITED	Director	04-01-1996	04-01-1996	-	Active	NO
4	U74999DL1996PLC082505	HH INTERIOR & AUTO COMPONENTS LIMITED	Director	09-10-1996	09-10-1996	31-03-2008	Active	NO
5	U70101DL1997PTC089087	SWAPN FARMS PRIVATE LIMITED	Director	02-08-2001	02-08-2001	-	Active	NO
6	U17101DL1998PLC091847	KRISHNA PACKAGE TRIPS LIMITED	Director	03-08-2001	03-08-2001	21-03-2015	Active	NO
7	U74899DL1994PTC058571	GLADDOLIA FARMS PRIVATE LIMITED	Director	04-12-2001	04-12-2001	-	Active	NO
8	U74899DL1994PTC058553	TULIP FARMS PRIVATE LIMITED	Director	04-12-2001	04-12-2001	-	Active	NO
9	U70101DL1988PTC033696	VENUS ESTATES PRIVATE LIMITED	Director	03-08-2002	03-08-2002	-	Active	NO
10	U34300DL1998PTC091789	KRISHNA INTERIOR PRIVATE LIMITED	Director	02-09-2002	02-09-2002	-	Active	NO
11	U74999DL2003PTC120153	KRISHNA QUINETTE SEATS PRIVATE LIMITED	Director	02-05-2003	02-05-2003	-	Active	NO
12	U22219DL1962PLC003768	THOMSON PRESS INDIA LIMITED	Director	24-05-2004	24-05-2004	15-11-2014	Active	NO
13	U00000HR2004PTC049273	KRISHNA GRUPO ANTOLIN PRIVATE LIMITED	Director	19-08-2004	19-08-2004	-	Active	NO
14	U74140HR2004PTC035504	PRUDENT MANAGEMENT STRATEGIES PRIVATE LIMITED	Director	02-05-2005	02-05-2005	-	Active	NO
15	U74130HR1986PLC023655	SKH METALS LIMITED	Director	14-05-2005	14-05-2005	-	Active	NO
16	U27109HR2003PTC035250	MARUICHI KUMA STEEL TUBE PRIVATE LIMITED	Director	28-05-2005	28-05-2005	29-09-2009	Active	NO
17	U45201DL2005PTC136914	SKH CONSTRUCTWELL PRIVATE LIMITED	Director	31-05-2005	31-05-2005	21-03-2015	Active	NO
18	U74899DL2005PTC140258	SKH GLOBAL TRAVELS PRIVATE LIMITED	Director	01-09-2005	01-09-2005	28-12-2012	Active	NO
19	U45201RJ2005PTC020740	RIPPLE INFRASTRUCTURE PRIVATE LIMITED	Director	30-09-2006	31-10-2005	20-03-2015	Active	NO
20	U45201RJ2005PTC020796	WAVE INFRASTRUCTURE PRIVATE LIMITED	Director	14-11-2005	14-11-2005	20-03-2015	Active	NO
21	U74899DL1978PTC008998	USHA PLAST PACKAGING PRIVATE LIMITED	Director	23-12-2005	23-12-2005	17-11-2014	Active	NO
22	U74300DL2004PTC128184	SKH MEDIA PRIVATE LIMITED	Director	06-02-2006	06-02-2006	02-07-2011	Active	NO
23	U80101DL2006PTC148682	SKH EDUCATION PRIVATE LIMITED.	Director	06-05-2006	06-05-2006	21-03-2015	Active	NO
24	U63040DL1997PTC089719	KV TRAVELS PRIVATE LIMITED	Director	23-06-2006	23-06-2006	28-12-2012	Active	NO
25	U45201RJ2005PTC020737	SURGE INFRASTRUCTURE PRIVATE LIMITED	Director	29-09-2009	22-03-2007	-	Active	NO
26	U99999DL1959PLC176013	AUTOMOTIVE COMPONENT MANUFACTURERS ASSOCIATION OF INDIA	Director	06-09-2007	06-09-2007	03-09-2009	Active	NO
27	U45201RJ2005PTC020735	ANGEL INFRASTRUCTURE PRIVATE LIMITED	Director	01-09-2008	20-03-2008	05-03-2009	Active	NO
28	U50300RJ2005PTC020834	DURABLE TRAIN SEATS PRIVATE LIMITED	Director	02-09-2008	20-03-2008	20-03-2015	Active	NO
29	U50300RJ2005PTC020833	SKH SHEET METALS COMPONENTS PRIVATE LIMITED	Director	05-09-2008	10-04-2008	22-09-2009	Active	NO
30	U34300DL2008PTC178680	SKH MAGNETI MARELLI EXHAUST SYSTEMS PRIVATE LIMITED	Director	30-09-2009	05-06-2008	-	Active	NO
31	U51109DL2008PTC178458	MAGNETI MARELLI SKH EXHAUST SYSTEMS PRIVATE LIMITED	Director	30-09-2009	05-06-2008	-	Active	NO
32	U74900DL2008PLC185185	SKH MANAGEMENT SERVICES LIMITED	Director	24-11-2008	24-11-2008	-	Active	NO
33	U29220DL2009PTC187276	SKH SILA INDIA PRIVATE LIMITED	Director	05-02-2009	05-02-2009	-	Active	NO
34	U29253DL2009PTC187778	SKH CABS MANUFACTURING PRIVATE LIMITED	Director	19-02-2009	19-02-2009	-	Active	NO
35	U74900DL2009PTC189418	SKH CAR SEATS PRIVATE LIMITED	Director	16-04-2009	16-04-2009	21-03-2015	Active	NO
36	U70200DL2009PTC189407	PASA INFRASTRUCTURE PRIVATE LIMITED	Director	16-04-2009	16-04-2009	21-03-2015	Active	NO
37	U50300RJ2005PTC020818	NARCISSUS AUTO SHEET METALS PRIVATE LIMITED	Director	19-08-2009	01-08-2009	20-03-2015	Active	NO
38	U74900DL2009PTC193097	SPECTRUM SEATING SYSTEMS SERVICES PRIVATE LIMITED	Director	12-08-2009	12-08-2009	-	Active	NO
39	U70101DL2009PTC193636	GRANITE INFRASTRUCTURE PRIVATE LIMITED	Director	29-09-2010	01-10-2009	21-03-2015	Active	NO
40	U29300PN2009PTC133761	MSKH SEATING SYSTEMS INDIA PRIVATE LIMITED	Director	28-09-2010	22-10-2009	-	Active	NO
41	L92200DL1999PLC103001	T.V. TODAY NETWORK LIMITED.	Director	20-08-2014	26-10-2009	-	Active	NO
42	U70200DL2010PTC198473	KHARTI INFRASTRUCTURE PRIVATE LIMITED	Director	29-01-2010	29-01-2010	-	Active	NO
43	U70101DL2010PTC198474	HARTIK ESTATE PRIVATE LIMITED	Director	29-01-2010	29-01-2010	-	Active	NO
44	U29253DL2009PTC196097	SIAC SKH INDIA CABS MANUFACTURING PRIVATE LIMITED	Director	21-09-2010	04-03-2010	-	Active	NO
45	U17290DL2010FTC202355	SUMINOE TEIJIN TECHNO KRISHNA INDIA PRIVATE LIMITED	Director	06-05-2010	06-05-2010	-	Active	NO
46	U34300DL2010PTC208458	SKH AUTO TRIMS PRIVATE LIMITED	Director	30-09-2011	28-09-2010	30-03-2015	Active	NO
47	U74899DL1970PTC005432	KAPUR ESTATES PRIVATE LIMITED	Director	30-09-2011	10-11-2010	16-03-2015	Active	NO
48	U70200DL2011PTC213833	H & H REAL ESTATE AND INFRASTRUCTURE PRIVATE LIMITED	Director	11-02-2011	11-02-2011	-	Active	NO
49	U45400DL2010PTC199741	BALAJEE GREENLAND PRIVATE LIMITED	Director	24-06-2011	01-03-2011	14-08-2012	Active	NO
50	U45400DL2011PTC222366	H & H PROMOTERS PRIVATE LIMITED	Director	15-07-2011	15-07-2011	14-08-2012	Active	NO
51	U45204DL2011PTC222384	SKH BUILDERS PRIVATE LIMITED	Director	15-07-2011	15-07-2011	14-08-2012	Active	NO
52	U74899DL1992PTC048177	MUNRADTECH EXPORTS PRIVATE LIMITED	Director	28-09-2013	15-11-2012	17-11-2014	Active	NO
53	U45201RJ2005PTC020734	WARBLE INFRASTRUCTURE PRIVATE LIMITED	Director	23-09-2013	29-11-2012	08-11-2013	Active	NO
54	U34300HR2012FTC046555	NHK F. KRISHNA INDIA AUTOMOTIVE SEATING PRIVATE LIMITED	Director	04-09-2013	31-03-2013	-	Active	NO
55	U50200HR2012PTC047527	KRISHNA LANDI RENZO INDIA PRIVATE LIMITED	Director	03-07-2013	03-07-2013	-	Active	NO
56	U35999HR2014PTC051872	KRISHNA KAUTEX PRIVATE LIMITED	Additional director	30-07-2014	30-07-2014	-	Active	NO
57	U70102HR2015PTC054505	KRISHNA INFRAVISION PRIVATE LIMITED	Additional director	13-02-2015	13-02-2015	-	Active	NO
58	AAC-5467	SAVOZONE ENTERPRISES LLP	Designated Partner	05-08-2014	05-08-2014	-	Active	NO
59	AAC-6930	GADGET INFRAVISION LLP	Designated Partner	10-09-2014	10-09-2014	-	Active	NO

Name :

Ms. Sunandan Kapur

Designation :

Director

Address :

B – 5, Chirga Enclave, New Delhi – 110048, Delhi, India

Date of Appointment :

19.08.2004

DIN No.:

00003638

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	U35999DL1996PLC075180	KRISHNA ISHIZAKI AUTO LIMITED	Director	12-06-1999	12-06-1999	22-02-2012	Active	NO
2	U74999DL1996PLC082505	HH INTERIOR & AUTO COMPONENTS LIMITED	Director	15-06-1999	15-06-1999	31-03-2008	Active	NO
3	U34300HR1991PLC032012	KRISHNA MARUTI LIMITED.	Managing director	21-04-2014	01-04-2000	-	Active	NO
4	U34300DL1999PTC101962	HIMANSHU ENTERPRISES PRIVATE LIMITED	Director	26-09-2001	26-09-2001	-	Active	NO
5	U74999DL2003PTC120153	KRISHNA QUINETTE SEATS PRIVATE LIMITED	Director	30-06-2008	02-05-2003	-	Active	NO
6	U00000HR2004PTC049273	KRISHNA GRUPO ANTOLIN PRIVATE LIMITED	Director	19-08-2004	19-08-2004	-	Active	NO
7	U34392HR1999PTC034392	NAGATA INDIA PRIVATE LIMITED	Director	21-08-2004	21-08-2004	-	Active	NO
8	U74130HR1986PLC023655	SKH METALS LIMITED	Managing director	14-05-2013	14-05-2005	-	Active	NO
9	U27109HR2003PTC035250	MARUICHI KUMA STEEL TUBE PRIVATE LIMITED	Director	28-05-2005	28-05-2005	29-09-2009	Active	NO
10	U80101DL2006PTC148682	SKH EDUCATION PRIVATE LIMITED.	Director	07-06-2006	07-06-2006	-	Active	NO
11	U74899DL2005PTC140258	SKH GLOBAL TRAVELS PRIVATE LIMITED	Director	23-06-2006	23-06-2006	28-12-2012	Active	NO
12	U63040DL1997PTC089719	KV TRAVELS PRIVATE LIMITED	Director	23-06-2006	23-06-2006	28-12-2012	Active	NO
13	U63040DL2004PTC128182	CHORUS TOURS AND TRAVELS PRIVATE LIMITED	Director	27-09-2007	31-01-2007	-	Active	NO
14	U50300RJ2005PTC020830	AXIS SEATS SERVICES PRIVATE LIMITED	Director	01-09-2008	16-02-2008	-	Active	NO
15	U50300RJ2005PTC020833	SKH SHEET METALS COMPONENTS PRIVATE LIMITED	Director	25-09-2012	16-02-2008	-	Active	NO
16	U50300RJ2005PTC020820	SPECTRUM AUTO TRIMS PRIVATE LIMITED	Additional director	17-03-2008	17-03-2008	01-08-2008	Active	YES
17	U51109DL2008PTC178458	MAGNETI MARELLI SKH EXHAUST SYSTEMS PRIVATE LIMITED	Director	22-05-2008	22-05-2008	-	Active	NO
18	U34300DL2008PTC178680	SKH MAGNETI MARELLI EXHAUST SYSTEMS PRIVATE LIMITED	Director	27-05-2008	27-05-2008	-	Active	NO
19	U74900DL2008PLC185185	SKH MANAGEMENT SERVICES LIMITED	Director	24-11-2008	24-11-2008	-	Active	NO
20	U29220DL2009PTC187276	SKH SILA INDIA PRIVATE LIMITED	Director	05-02-2009	05-02-2009	-	Active	NO
21	U29253DL2009PTC187778	SKH CABS MANUFACTURING PRIVATE LIMITED	Director	19-02-2009	19-02-2009	-	Active	NO
22	U29300PN2009PTC133761	MSKH SEATING SYSTEMS INDIA PRIVATE LIMITED	Director	28-09-2010	22-10-2009	-	Active	NO
23	U29253DL2009PTC196097	SIAC SKH INDIA CABS MANUFACTURING PRIVATE LIMITED	Director	21-09-2010	04-03-2010	-	Active	NO
24	U17290DL2010FTC202355	SUMINOE TEIJIN TECHNO KRISHNA INDIA PRIVATE LIMITED	Director	06-05-2010	06-05-2010	-	Active	NO
25	U74899DL1970PTC005432	KAPUR ESTATES PRIVATE LIMITED	Director	30-09-2011	10-11-2010	-	Active	NO
26	U74899DL1992PTC048177	MUNRADTECH EXPORTS PRIVATE LIMITED	Director	28-09-2013	15-07-2013	17-11-2014	Active	NO
27	U35999HR2014PTC051872	KRISHNA KAUTEX PRIVATE LIMITED	Director	13-02-2014	13-02-2014	-	Active	NO

Name :

Mr. Ernesto Antolin Arribas

Designation :

Director

Address :

Vitoria 8, Burgos, Spain

Date of Appointment :

19.08.2004

DIN No.:

00785463

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	U34300PN1996PTC015924	GRUPO ANTOLIN INDIA PRIVATE LIMITED	Managing director	09-12-1996	09-12-1996	-	Active	NO
2	U00000HR2004PTC049273	KRISHNA GRUPO ANTOLIN PRIVATE LIMITED	Director	19-08-2004	19-08-2004	-	Active	NO
3	U35990TN2012PTC084617	KASAI INDIA (CHENNAI) PRIVATE LIMITED	Director	06-06-2012	23-03-2012	31-10-2014	Active	NO

Name :

Mr. Pablo Munoz Baroja Pagola

Designation :

Director

Address :

Miqueletes 1, San Sebastian, Spain

Date of Birth/Age :

19.09.1969

Date of Appointment :

19.08.2004

DIN No.:

30.06.2011

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	U34300PN1996PTC015924	GRUPO ANTOLIN INDIA PRIVATE LIMITED	Director	30-09-2011	01-10-2001	-	Active	NO
2	U00000HR2004PTC049273	KRISHNA GRUPO ANTOLIN PRIVATE LIMITED	Director	30-06-2011	19-08-2004	-	Active	NO
3	U35990TN2012PTC084617	KASAI INDIA (CHENNAI) PRIVATE LIMITED	Director	06-06-2012	23-03-2012	31-10-2014	Active	NO

KEY EXECUTIVES

Name :	Sandeep Kumar
Designation :	Secretary
Address :	House No. 293, Pana Barshan, Thikri Kalan, Delhi – 110041, India
Date of Appointment :	07.04.2014
PAN No.:	CHDPK3185L

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.06.2014

Names of Shareholders	No. of Shares	%age holding
Krishna Maruti Limited - India	3000000	50.00
Grupo Antolin Irausa S.A - Spain	3000000	50.00
Total	6000000	100.00

Equity Share Break up (Percentage of Total Equity)

AS ON 30.06.2014

Category	Percentage
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	50.00
Bodies corporate	50.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Automobile

Products :

Item Code No.	Product Description
87089900	Roof headliner

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Not Divulged

PRODUCTION STATUS

GENERAL INFORMATION

Suppliers :

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

Customers :

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

No. of Employees :

Information declined by the management

Bankers :

Banker Name	Citibank N.A
Branch Address	DLF Square, M Block, Jacaranda Marg, DLF City, Phase -II, Gurgaon - 122002, Haryana, India
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
Name of Account Holder	Not Divulged
Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

Auditors :
Name :	Deloitte Haskins and Sells Chartered Accountant
Address :	7^th Floor, Building 10, Tower B, DLF Cyber City Complex, DLF City Phase II, Gurgaon – 122002, Haryana, India
PAN No.:	AABFD2095B
Memberships :	--
Collaborators :	--
Joint venture :	Krishna Maruti Limited, India (U34300HR1991PLC032012) Grupo Antolin Irausa , Spain
Subsidiary of Grupo Antolin Irausa :	Grupo Antolin Pune Private Limited, India (U34300PN1996PTC015924)

CAPITAL STRUCTURE

AS ON 30.06.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
6000000	Equity Shares	Rs.10/- each	Rs.60.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
6000000	Equity Shares	Rs.10/- each	Rs.60.000 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.12.2013	31.12.2012	31.12.2011
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	60.000	60.000	60.000
(b) Reserves & Surplus	383.478	325.670	255.142
(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)	443.478	385.670	315.142
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	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	3.314	3.296	2.287
Total Non-current Liabilities (3)	3.314	3.296	2.287
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	12.144
(b) Trade payables	79.135	95.958	98.297
(c) Other current liabilities	21.710	18.907	10.994
(d) Short-term provisions	9.819	10.769	4.471
Total Current Liabilities (4)	110.664	125.634	125.906
TOTAL	557.456	514.600	443.335
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	263.127	280.716	263.543
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	4.816	0.366	24.778
(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)	1.770	3.629	2.908
(d) Long-term Loan and Advances	5.010	3.081	6.916
(e) Other Non-current assets	0.005	0.005	0.000
Total Non-Current Assets	274.728	287.797	298.145
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	54.811	45.434	50.707
(c) Trade receivables	81.918	64.556	26.678
(d) Cash and cash equivalents	131.406	106.724	11.503
(e) Short-term loans and advances	7.909	5.477	55.023
(f) Other current assets	6.684	4.612	1.279
Total Current Assets	282.728	226.803	145.190
TOTAL	557.456	514.600	443.335

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.12.2013	31.12.2012	31.12.2011
	SALES
	Income	691.761	628.046	533.897
	Other Income	16.467	5.102	5.952
	TOTAL	708.228	633.148	539.849
Less	EXPENSES TOTAL	587.249	529.227	440.854
	PROFIT/ (LOSS) BEFORE TAX	120.979	103.921	98.995
Less	TAX	42.113	33.393	31.965
	PROFIT/ (LOSS) AFTER TAX	78.866	70.528	67.030
	Earnings / (Loss) Per Share (Rs.)	13.14	11.75	11.17

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.12.2013	31.12.2012	31.12.2011
Current Maturities of Long term debt	NA	NA	NA
Cash generated from operations	NA	NA	NA

KEY RATIOS

PARTICULARS		31.12.2013	31.12.2012	31.12.2011
Net Profit Margin (PAT / Sales)	(%)	11.40	11.23	12.55
Return on Total Assets (PBT/Total Assets}	(%)	21.96	20.35	23.82
Return on Investment (ROI) (PBT/Networth)		0.27	0.27	0.31
Debt Equity Ratio (Total Debt /Networth)		0.00	0.00	0.04
Current Ratio (Current Asset/Current Liability)		2.55	1.81	1.15

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.12.2011	31.12.2012	31.12.2013
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	60.000	60.000	60.000
Reserves & Surplus	255.142	325.670	383.478
Net worth	315.142	385.670	443.478
long-term borrowings	0.000	0.000	0.000
Short term borrowings	12.144	0.000	0.000
Total borrowings	12.144	0.000	0.000
Debt/Equity ratio	0.039	0.000	0.000

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.12.2011	31.12.2012	31.12.2013
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	533.897	628.046	691.761
		17.634	10.145

NET PROFIT MARGIN

Net Profit Margin	31.12.2011	31.12.2012	31.12.2013
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	533.897	628.046	691.761
Profit	67.030	70.528	78.866
	12.55%	11.23%	11.40%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check list by info agents	Available in Report (Yes/No)
1	Year of establishment	Yes
2	Constitution of the entity -Incorporation details	Yes
3	Locality of the entity	Yes
4	Premises details	No
5	Buyer visit details	--
6	Contact numbers	Yes
7	Name of the person contacted	Yes
8	Designation of contact person	Yes
9	Promoter’s background	Yes
10	Date of Birth of Proprietor / Partners / Directors	Yes
11	Pan Card No. of Proprietor / Partners	No
12	Voter Id Card No. of Proprietor / Partners	No
13	Type of business	Yes
14	Line of Business	Yes
15	Export/import details (if applicable)	No
16	No. of employees	No
17	Details of sister concerns	Yes
18	Major suppliers	No
19	Major customers	No
20	Banking Details	Yes
21	Banking facility details	No
22	Conduct of the banking account	--
23	Financials, if provided	Yes
24	Capital in the business	Yes
25	Last accounts filed at ROC, if applicable	No
26	Turnover of firm for last three years	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last three years	Yes
30	Major shareholders, if available	Yes
31	External Agency Rating, if available	No
32	Litigations that the firm/promoter involved in	--
33	Market information	--
34	Payments terms	No
35	Negative Reporting by Auditors in the Annual Report	No

NOTE: Registered office of the company has been shifted from # 331 sector 38 – A, Chandigarh, India to the present address w.e.f. 21.03.2013

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10298986	26/07/2011	40,000,000.00	CITIBANK N.A	DLF SQUARE, M BLOCK, JACARANDA MARG, DLF CITY, PH  ASE -II, GURGAON, HARYANA - 122002, INDIA	B17593781
2	90310524	28/03/2005	25,000,000.00	CITIBANK N.A.	JEEVAN VIHAR; 3, SANSAD MARG, NEW DELHI - 110001, INDIA	-

FIXED ASSETS

Tangible assets

• Land
• Buildings
• Plant and equipment
• Factory equipments
• Furniture and fixtures
• Vehicles
• Office equipment
• Computer equipments

CMT REPORT (Corruption, Money Laundering & Terrorism]

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

1] INFORMATION ON DESIGNATED PARTY

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

2] Court Declaration :

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

3] Asset Declaration :

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

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

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

Charges or investigation registered against subject: None

7] Criminal Records

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

8] Affiliation with Government :

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

9] Compensation Package :

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

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

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

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

CONTRAVENTION

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

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.63.76
UK Pound	1	Rs.97.80
Euro	1	Rs.69.91

INFORMATION DETAILS

Information Gathered by :	RKA
Analysis Done by :	SAN
Report Prepared by :	GTA

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	5
--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	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		61

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.