MIRA INFORM REPORT

Report No. :	324505
Report Date :	30.05.2015

IDENTIFICATION DETAILS

Name :	SONA KOYO STEERING SYSTEMS LIMITED
Registered Office :	UGF-6, Indraprakash, 21, Barakhamba Road, New Delhi – 110001
Tel. No.:	91-11-23311924
Country :	India
Financials (as on) :	31.03.2015
Date of Incorporation :	14.06.1984
Com. Reg. No.:	55-018415
Capital Investment / Paid-up Capital :	Rs. 198.742 Million
IEC No.:	Not Available
CIN No.: [Company Identification No.]	L29113DL1984PLC018415
TAN No.: [Tax Deduction & Collection Account No.]	DELS45576G
PAN No.: [Permanent Account No.]	AABCS7787C
Legal Form :	A Public Limited Liability Company. The Company’s Shares are Listed on the Stock Exchanges.
Line of Business :	Subject is primarily engaged in the manufacture of steering systems & other auto components for the passenger car and utility vehicle manufacturers.
No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

A (60)

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 8000000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Exist
Comments :	Subject is engaged in manufacturing and supplying steering gears and driveline products. It is a well – established company having fine track record. Sales turnover of the company has declined which has resulted into dip in profit of the company during 2014. However, rating takes into consideration company’s healthy financial risk profile marked by adequate liquidity position and sound net worth base of the company. Trade relations are reported as fair. Business is active. Payments are reported to be regular and as per commitment. In view of healthy financial profile, the company can be considered good for normal 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	ICRA
Rating	Term Loan = A+
Rating Explanation	Adequate degree of safety and low credit risk.
Date	February 2015

Rating Agency Name	ICRA
Rating	Short- Term Fund Based Limits
Rating Explanation	Very strong degree of safety and carry lowest credit risk.
Date	February 2015

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 DINIED BY

Name :	Mr. Rajiv Chandra
Designation :	Chief Finance Officer
Contact No.:	91-124-4685000
Date :	25.05.2015

LOCATIONS

Registered Office :	UGF- 6, Indraprakash, 21, Barakhamba Road, New Delhi – 110001, India
Tel. No.:	91-11-23311924/ 23327205
Fax No.:	91-11-23327205
E-Mail :	drkapur@sonagroup.com sudhir.chopra@sonagroup.com raajesh.gupta@sonagroup.com sanjeev.bhatia@sonagroup.com rajiv.chanana@sonagroup.com
Website :	http://www.sonagroup.com
Factory 1 :	38/6, NH - 8, Delhi - Jaipur Road, Gurgaon -1 22001, Haryana, India
Tel. No.:	91-124-4685000
Fax No.:	91-124-4104611/ 4104621
E-Mail :	mktg@sonagroup.com procure@sonagroup.com
Total Site Area:	56970 sq. m
Total Floor Area:	14125 sq. m
Factory 2 :	P.O. Box 14, Chennai – Bangalore Highway (NH – 4), Sriperumpudur, District Chinglepet-602105, Tamilnadu, India
Tel. No.:	91-44-37170000
Fax No.:	91-44-27162349
Total Site Area:	56970 sq. m
Total Floor Area:	10890 sq. m
Factory 3 :	Plot No.32, Industrial Area, Phase II, Dharuhera, District Rewari, Haryana, India
Tel. No.:	91-1274-242978/ 82
Total Site Area:	20117 sq. m
Total Floor Area:	9255 sq. m
Factory 4 :	Plot No.D9, TML Vendor Park, Survey No.1, Village Northcotepura, Sanand, Ahmedabad, Gujarat, India
Total Site Area:	16200 sq. m
Total Floor Area:	2639 sq. m
Factory 5 :	Plot No. 19, Industrial Area, Dharuhera, District Rewari, Haryana, India
Factory 6 :	Village Malpura, Tehsil Dharuhera, Distract Rewari, Haryana, India
Factory 7 :	Plot No. 731, Sector 37C, Pace City II, Gurgaon (Haryana), India

DIRECTORS

As on 31.03.2014

Name :

Mr. Surinder Kapur

Designation :

Chairman

Date of Birth/Age :

70 Years

Qualification :

Ph. D.(Mechanical Engineering), Michigan State University, U.S.A.

Experience :

40 Years

Date of Appointment :

01.10.1990

Name :

Mr. Sunjay Kapur

Designation :

Vice Chairman and Managing Director

Date of Birth/Age :

40 Years

Qualification :

Graduate in Business Admn. From Buckingham University, U.K.

Experience :

18 Years

Date of Appointment :

22.10.2011

DIN No.:

00145529

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	U74899DL1993PTC054930	SOMIC ZF COMPONENTS Private Limited	Director	11-04-2007	03-09-1993	12-06-2007	Active	NO
2	U67120DL1991PTC259680	RAGHUVANSHI INVESTMENT PRIVATE LIMITED	Director	27-01-1995	27-01-1995	08-08-2008	Active	NO
3	U67120MH1991PTC060720	SEALAND INVESTMENTS PRIVATE LIMITED	Director	27-01-1995	27-01-1995	08-08-2008	Amalgamated	NO
4	U72200DL1996PLC083811	SONA E-DESIGN AND TECHNOLOGIES LIMITED	Director	01-03-1997	01-03-1997	-	Active	NO
5	U50404DL1982PLC013139	SONA AUTOCOMP HOLDING LIMITED	Director	16-03-1998	16-03-1998	-	Active	NO
6	L29113DL1984PLC018415	SONA KOYO STEERING SYSTEMS LIMITED	Managing director	22-10-2011	12-04-2004	-	Active	NO
7	U74999DL2003PTC121520	EQUISPORT MANAGEMENT PRIVATE LIMITED	Director	01-05-2005	01-05-2005	15-06-2012	Active	NO
8	U63040DL2005PLC143195	WHEELS MOBILITY SOLUTIONS LIMITED	Director	20-10-2008	02-12-2005	19-08-2011	Under liquidation	NO
9	U27300DL1995PLC073456	SONA BLW PRECISION FORGINGS LIMITED	Director	10-07-2007	22-08-2006	-	Active	NO
10	U51101DL1993PLC055713	SONA MANAGEMENT SERVICES LIMITED	Director	31-03-2009	15-04-2008	29-03-2010	Active	NO
11	U45400DL2007PTC167548	INDIAWORLD TECHNOLOGIES PRIVATE LIMITED	Director	15-04-2010	28-06-2008	22-07-2010	Active	NO
12	U74899DL1981PTC012845	B R S FINANCE AND INVESTMENT COMPANY PRIVATE LIMITED	Director	04-08-2011	27-01-2011	-	Active	NO
13	U99999DL1959PLC176013	AUTOMOTIVE COMPONENT MANUFACTURERS ASSOCIATION OF INDIA	Director	05-09-2012	05-09-2012	-	Active	NO
14	U29268DL2007PLC165741	JTEKT SONA AUTOMOTIVE INDIA LIMITED	Managing director	01-02-2015	06-06-2013	-	Active	NO
15	U35122DL2007PLC166496	SONA FUJI KIKO AUTOMOTIVE LIMITED	Director	29-07-2013	07-06-2013	-	Active	NO

Name :

Mr. Kiyozumi Kamiki

Designation :

Dy. Managing Director (Nominee of JTEKT Corporation, Japan)

Date of Birth/Age :

58 Years

Qualification :

Graduation in engineering from Ehime University and also attained a Master’s Degree.

Name :

Mr. Hiroyuki Miyazaki

Designation :

Nominee of JTEKT Corporation, Japan

Name :

Mr. Kazuhiko Ayabe

Designation :

Nominee of Maruti Suzuki India Limited

Date of Birth/Age :

56 Years

Qualification :

Graduate from Department of Mechanical Engineering, College of Sophia University.

Name :

Mr. Jug Mohan Kapur

Designation :

Director

Date of Birth/Age :

72 Years

Name :

Mr. Ramesh Suri

Designation :

Director

DIN No.:

00176488

Date of Appointment:

23.09.2014

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	L74899DL1981PLC011274	BHARAT HOTELS LIMITED	Director	22-01-1981	22-01-1981	-	Active	NO
2	L74899DL1985PLC020134	SUBROS LIMITED	Whole-time director	20-09-2010	14-02-1985	-	Active	NO
3	U74899DL1985ULT020685	S.H.S. TRANSPORT PRIVATE LIMITED	Director	15-04-1985	15-04-1985	-	Active	NO
4	U74899DL1987PTC028123	SPECIAL PROTECTION SERVICES PRIVATE LIMITED	Director	26-02-1988	26-02-1988	31-03-2015	Active	NO
5	U74899DL1988PLC030957	ROHAN MOTORS LIMITED	Director	01-04-2013	06-05-1988	-	Active	NO
6	U65921DL1991PTC045994	TEMPO FINANCE (NORTH ) PRIVATE LIMITED	Director	11-10-1991	11-10-1991	-	Active	NO
7	U74899DL1994PTC060999	MERCANTILE CAPITALS AND FINANCIAL SERVICES PRIVATE LIMITED	Director	22-08-1994	22-08-1994	-	Active	NO
8	U74899DL1995PLC066700	PRIMA TELECOM LIMITED	Director	24-03-1995	24-03-1995	-	Active	NO
9	U74899DL1995PLC066703	PRIME CELLULAR LIMITED	Director	24-03-1995	24-03-1995	31-03-2015	Active	NO
10	U55101JK1964PLC000286	JYOTI LIMITED	Director	17-01-1998	17-01-1998	-	Active	NO
11	U50404WB1985PTC038903	SAWALKA AUTOTECH PRIVATE LIMITED	Director	17-05-1998	17-05-1998	-	Strike off	NO
12	U34300DL1998PTC094530	SAWALKA AUTOTECH PRIVATE LIMITED	Director	16-06-1998	16-06-1998	-	Active	NO
13	U70101DL1986PTC025586	R.R. HOLDINGS PRIVATE LIMITED	Director	27-08-1998	27-08-1998	-	Under Process of Striking off	NO
14	U74899DL1983PTC017127	R R HOLDINGS PRIVATE LIMITED	Director	27-08-1998	27-08-1998	-	Active	NO
15	U74899DL1975PTC007775	HEMKUNT SERVICE STATION PRIVATE LIMITED	Director	05-09-1998	05-09-1998	-	Active	NO
16	U74899DL1998PTC071981	TEMPO AUTOMOBILES PRIVATE LIMITED	Director	23-10-1998	23-10-1998	-	Active	NO
17	U55101DL2001PLC112153	UDAIPUR HOTELS LIMITED	Director	26-02-2002	26-02-2002	-	Amalgamated	NO
18	U55101DL2001PLC112164	KHAJURAHO HOTELS LIMITED	Director	07-08-2002	07-08-2002	-	Amalgamated	NO
19	U74899DL1989PTC038256	BEE PEE MOTORS PRIVATE LIMITED	Director	05-12-2002	05-12-2002	31-03-2015	Active	NO
20	U34300DL2003PLC120424	GLOBAL AUTOTECH LIMITED	Director	20-07-2005	20-07-2005	-	Active	NO
21	U50300DL2005PTC139385	ROHAN AUTO SALES PRIVATE LIMITED	Director	05-08-2005	05-08-2005	31-03-2015	Active	NO
22	U74899DL1994PLC063318	FIBCOM INDIA LIMITED	Director	08-09-2005	08-09-2005	-	Active	NO
23	U01121DL2005PLC140879	PREMIUM FARM FRESH PRODUCE LIMITED	Director	16-09-2005	16-09-2005	31-03-2015	Active	NO
24	U36999WB2004PLC097656	APOLLO ZIPPER INDIA LIMITED	Director	30-11-2005	30-11-2005	-	Active	NO
25	U27104PB1972PTC003140	TERIOT STEELS PRIVATE LIMITED	Director	20-06-2006	20-06-2006	31-03-2015	Active	NO
26	U99999DL1959PLC176013	AUTOMOTIVE COMPONENT MANUFACTURERS ASSOCIATION OF INDIA	Director	08-09-2006	08-09-2006	-	Active	NO
27	U67120DL1983PTC017257	JYOTSNA HOLDINGS PRIVATE LIMITED	Director	24-08-2007	16-10-2006	-	Active	NO
28	U65910DL1983PLC015912	DEEKSHA HOLDING LIMITED	Director	29-09-2007	16-10-2006	-	Active	NO
29	L52110DL1987PLC029757	PREMIUM EXPORTS LIMITED	Director	24-08-2007	16-10-2006	31-03-2015	Active	NO
30	U74899DL1988PTC031773	RESPONSIBLE BUILDERS PRIVATE LIMITED	Director	24-08-2007	16-10-2006	31-03-2015	Active	NO
31	L29113DL1984PLC018415	SONA KOYO STEERING SYSTEMS LIMITED	Director	23-09-2014	23-10-2006	-	Active	NO
32	U74899DL1994PLC063915	AUTOTECH ANCILLARIES LIMITED	Director	02-07-2007	02-07-2007	31-07-2007	Active	NO
33	U50404CH1991PTC011061	ANBROS MOTORS PRIVATE LIMITED	Director	29-09-2007	09-07-2007	-	Active	NO
34	U91990DL1956PLC001601	CHELMSFORD CLUB LTD	Director	26-09-2007	26-09-2007	-	Active	NO
35	U74899DL1990PTC039461	TRISHUL LEASING PRIVATE LIMITED	Director	03-03-2008	03-03-2008	31-03-2015	Active	NO
36	U74140DL2004NPL130324	FEDERATION OF AUTOMOBILE DEALERS ASSOCIATIONS TFR.FROM MUMBAI TO DELHI	Director	08-09-2011	08-09-2011	05-10-2012	Active	NO

Name :

Mr. Ravi Bhoothalingam

Designation :

Director

DIN No.:

00194530

Date of Appointment:

23.09.2014

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	U64202WB2000PLC092193	NICCO VENTURES LIMITED	Director	26-07-2000	26-07-2000	18-07-2009	Active	NO
2	L85195TG1984PLC004507	DR.REDDY'S LABORATORIES LIMITED	Director	31-07-2014	30-10-2000	-	Active	NO
3	L29113DL1984PLC018415	SONA KOYO STEERING SYSTEMS LIMITED	Director	23-09-2014	27-03-2002	-	Active	NO

Name :

Mr. P. K. Chadha

Designation :

Director

DIN No.:

00245680

Date of Appointment:

23.09.2014

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	U03312DL1988PTC208639	SCHNEIDER ELECTRIC CONZERV INDIA PRIVATE LIMITED	Director	15-10-1999	15-10-1999	11-06-2008	Amalgamated	NO
2	U45202MH1996PLC102855	SOWIL LIMITED	Director	22-06-2001	22-06-2001	-	Active	NO
3	L29113DL1984PLC018415	SONA KOYO STEERING SYSTEMS LIMITED	Director	23-09-2014	27-03-2002	-	Active	NO
4	L74899DL1998PLC093073	PETRONET LNG LIMITED	Director	27-01-2005	27-01-2005	30-06-2011	Active	NO
5	L36999HR1990PLC041175	ARCHIES LIMITED	Director	14-11-2011	14-11-2011	-	Active	NO

Name :

Lt. Gen. (Retired) Shamsher Singh Mehta

Designation :

Director

DIN No.:

02201929

Date of Appointment:

23.09.2014

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	L29113DL1984PLC018415	SONA KOYO STEERING SYSTEMS LIMITED	Director	23-09-2014	30-04-2008	-	Active	NO
2	U65999MH2008PTC178870	AEGON TRUSTEE COMPANY PRIVATE LIMITED	Additional director	04-07-2008	04-07-2008	19-11-2008	Amalgamated	NO
3	U65991MH2005PTC153638	RELIGARE INVESCO TRUSTEE COMPANY PRIVATE LIMITED	Director	30-09-2009	04-12-2008	-	Active	NO
4	U74140KA1996ULT068492	ALTRAN TECHNOLOGIES INDIA PRIVATE LIMITED	Director	05-01-2012	06-01-2009	31-12-2012	Active	NO
5	U72200DL1996PLC083811	SONA E-DESIGN AND TECHNOLOGIES LIMITED	Director	30-09-2009	02-02-2009	13-12-2010	Active	NO
6	U29268DL2007PLC165741	JTEKT SONA AUTOMOTIVE INDIA LIMITED	Director	30-07-2013	30-07-2012	-	Active	NO
7	U66000DL2007PLC161503	RELIGARE HEALTH INSURANCE COMPANY LIMITED	Director	12-07-2013	29-10-2012	-	Active	NO

Name :

Ms. Ramni Nirula

Designation :

Director

DIN No.:

00015330

Date of Appointment:

23.09.2014

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	U74899DL1991PTC045709	TNM AGRICULTURE PRIVATE LIMITED	Director	18-09-1991	18-09-1991	-	Amalgamated	NO
2	U74899DL1994PTC060099	DRN INVESTMENTS AND AGRICULTURE PRIVATE LIMITED	Director	27-07-1994	27-07-1994	-	Active	NO
3	U74899DL1990PTC041935	A AND A BAKERY PRIVATE LIMITED	Director	20-02-1995	20-02-1995	-	Strike off	NO
4	U74899DL1991PTC045138	TAMA INVESTMENT & FINANCE PRIVATE LIMITED	Director	15-01-1996	15-01-1996	-	Active	NO
5	U51100MH2003PLC143347	COMM TRADE SERVICES LIMITED	Director	02-12-2003	02-12-2003	-	Under liquidation	NO
6	L21010MH1945PLC010337	BALLARPUR INDUSTRIES LIMITED	Nominee director	07-05-2004	07-05-2004	08-08-2007	Active	NO
7	L99999PB1990PLC010307	TRIDENT LIMITED	Director	26-10-2004	26-10-2004	21-07-2010	Active	NO
8	U23209WB1985SGC039487	HALDIA PETROCHEMICALS LIMITED	Director	20-12-2005	20-12-2005	04-06-2012	Active	NO
9	L27105HR1979PLC009913	JINDAL STEEL AND POWER LIMITED	Nominee director	01-11-2007	01-11-2007	01-04-2009	Active	NO
10	L74899UP1995PLC043677	JUBILANT FOODWORKS LIMITED	Director	03-09-2014	05-10-2009	-	Active	NO
11	U65191UP1990PTC045609	UTKARSH MICRO FINANCE PRIVATE LIMITED	Director	01-07-2010	18-12-2009	-	Active	NO
12	L31400WB1986PLC091621	USHA MARTIN LIMITED	Director	31-07-2014	14-01-2010	-	Active	NO
13	U92190TG1998NPL029821	IKP KNOWLEDGE PARK	Director	25-08-2010	08-07-2010	29-01-2015	Active	NO
14	L24211RJ1946PLC000469	PI INDUSTRIES LIMITED	Director	10-09-2014	28-07-2010	-	Active	NO
15	L27100PB2010PLC033930	VARDHMAN SPECIAL STEELS LIMITED	Director	23-07-2011	15-03-2011	07-10-2013	Active	NO
16	U66020MH2008FTC179912	Goldman Sachs Trustee Company (India) Private Limited	Director	15-07-2011	11-05-2011	-	Active	NO
17	L51109WB1998PLC087076	MCLEOD RUSSEL INDIA LIMITED	Director	23-07-2014	15-09-2011	-	Active	NO
18	U40101DL2005PLC138906	AVANTHA POWER AND INFRASTRUCTURE LIMITED	Director	30-09-2014	21-10-2011	25-03-2015	Active	NO
19	L29113DL1984PLC018415	SONA KOYO STEERING SYSTEMS LIMITED	Director	23-09-2014	01-11-2011	-	Active	NO
20	U65910TN1988PTC015757	COMPUTER AGE MANAGEMENT SERVICES PRIVATE LIMITED	Director	07-08-2012	20-06-2012	07-01-2014	Active	NO
21	U66000HR2013PLC048992	AVANTHA ERGO LIFE INSURANCE COMPANY LIMITED	Director	03-02-2014	27-01-2014	-	Active	NO
22	L31402WB1934PLC007993	EVEREADY INDUSTRIES INDIA LIMITED	Director	25-07-2014	07-02-2014	-	Active	NO
23	U67120DL1998PLC198627	AVANTHA HOLDINGS LIMITED	Director	19-12-2014	14-08-2014	-	Active	NO
24	L74899DL1989PLC034923	DCM SHRIRAM LIMITED	Additional director	03-02-2015	03-02-2015	-	Active	NO
25	U72200DL2004PLC228400	VIOM NETWORKS LIMITED	Additional director	31-03-2015	31-03-2015	-	Active	NO

Name :

Mr. Prasan Abhaykumar Firodia

Designation :

Director

DIN No.:

00029664

Date of Appointment:

23.09.2014

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	U67200PN1981PTC023979	JAYA HIND INVESTMENTS PRIVATE LIMITED	Director	14-08-1997	14-08-1997	-	Active	NO
2	U74999PN1947PLC005480	JAYA HIND INDUSTRIES LIMITED	Managing director	07-10-2012	24-09-2004	-	Active	NO
3	U34102PN2006PTC022147	MAN TRUCKS INDIA PRIVATE LIMITED	Director	08-03-2006	08-03-2006	28-03-2012	Active	NO
4	U99999DL1959PLC176013	AUTOMOTIVE COMPONENT MANUFACTURERS ASSOCIATION OF INDIA	Director	08-09-2006	08-09-2006	06-09-2011	Active	NO
5	L34102PN1958PLC011172	FORCE MOTORS LIMITED	Managing director	06-11-2014	30-09-2006	-	Active	NO
6	U65999PN1982PTC026304	PRASANNA HOLDINGS PRIVATE LIMITED	Director	25-05-2013	15-12-2012	-	Active	NO
7	U28991MH1987PTC045185	AHMEDNAGAR ENGINEERING PRIVATE LIMITED	Director	25-05-2013	15-12-2012	-	Active	NO
8	U29130PN1992PTC065494	DHANNA ENGINEERING PRIVATE LIMITED.	Director	25-05-2013	15-12-2012	-	Active	NO
9	U35122PN2013PTC149572	JAYA HIND MONTUPET PRIVATE LIMITED	Director	26-11-2013	26-11-2013	-	Active	NO
10	L29113DL1984PLC018415	SONA KOYO STEERING SYSTEMS LIMITED	Director	23-09-2014	01-08-2014	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Sudhir Chopra
Designation :	President And Company Secretary
Date of Birth/Age :	56 Years
Qualification :	B.Com, FCS, LL.B.
Experience :	36 Years
Date of Appointment :	15.05.1993
Name :	Mr. Rajiv Chandra
Designation :	Chief Finance Officer
Executive Management :	Dr. Surinder Kapur Mr. Sunjay Kapur Mr. Kiyozumi Kamiki Mr. Sudhir Chopra Mr. Sunder Rajan
Operating Management :	Mr. Sunjay Kapur Mr. Kiyozumi Kamiki Mr. Sudhir Chopra Mr. Sunder Rajan Mr. R. B. Singh Mr. A. D. Rao Mr. Rajiv Chanana Mr. P. P. Gajpal Mr. Vikas Marwah Mr. S. Natarajan Mr. H. Deiva Subramanian Mr. Deepak Arora Mr. Shyamal Saha

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 31.03.2015

Category of Shareholder	Total No. of Shares	As a %
(A) Shareholding of Promoter and Promoter Group
(1) Indian
Individuals / Hindu Undivided Family	819848	0.41
Bodies Corporate	63748304	32.08
Sub Total	64568152	32.49
(2) Foreign
Bodies Corporate	39947108	20.10
Sub Total	39947108	20.10
Total shareholding of Promoter and Promoter Group (A)	104515260	52.59
(B) Public Shareholding
(1) Institutions
Mutual Funds / UTI	1099424	0.55
Financial Institutions / Banks	154403	0.08
Insurance Companies	1200000	0.60
Foreign Institutional Investors	512446	0.26
Sub Total	10099	0.01
(2) Non-Institutions
Bodies Corporate	13119426	6.60
Individuals
Individual shareholders holding nominal share capital up to Rs. 0.100 Million	37501598	18.87
Individual shareholders holding nominal share capital in excess of Rs. 0.100 Million	33259219	16.73
Any Others (Specify)	7369957	3.71
Trusts	2000	0.00
Hindu Undivided Families	2440386	1.23
Clearing Members	92328	0.05
Unclaimed Suspense A/c	4835243	2.43
Sub Total	91250200	45.91
Total Public shareholding (B)	94226572	47.41
Total (A)+(B)	198741832	100.00
(C) Shares held by Custodians and against which Depository Receipts have been issued	0	0.00
(1) Promoter and Promoter Group	0	0.00
(2) Public	0	0.00
Sub Total	0	0.00
Total (A)+(B)+(C)	198741832	100.00

BUSINESS DETAILS

Line of Business :	Subject is primarily engaged in the manufacture of steering systems & other auto components for the passenger car and utility vehicle manufacturers.
Products :	Steering Gears Driveline Products.
Brand Names :	Not Divulged
Agencies Held :	Not Divulged
Exports :	Not Divulged
Imports :	Not Divulged
Terms :	Not Divulged

PRODUCTION STATUS NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

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

Customers :

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

No. of Employees :

Information declined by the management

Bankers :

· State Bank of India

· Standard Chartered Bank

· Corporation Bank

· State Bank of Hyderabad

· EXIM Bank

· Allahabad Bank

· Indian Bank

· Yes Bank Limited

· Kotak Mahindra Bank Limited

· IndusInd Bank Limited

Facilities :

Secured Loan	31.03.2015 (Rs. in Million)	31.03.2014 (Rs. in Million)
Long-term Borrowings
Term loans From banks Indian rupee loans from banks	NA	914.007
Foreign currency loans from banks	NA	676.468
From Financial Institution Indian rupee loan from financial institution	NA	10.376
From others Indian rupee loan from NBFC	NA	9.722
Short-term borrowings
Cash credit / other loans repayable on demand from banks	NA	482.301
Total	NA	2092.874

LONG-TERM BORROWINGS

1. Indian rupee loans from banks include:

• Rupee term loans of Rs.1307.338 million (previous year Rs.1996.334 million) are secured by first pari-passu charge over the entire movable and immovable fixed assets of the Company, both present and future, except the assets exclusively charged. Loans to the extent of Rs. 108.500 million (previous year Rs. 155.000 million) are further secured by way of second charge on current assets, on pari-passu basis. The rate of interest on aforesaid loans are linked to the specific bank’s base rate.

• Rupees term loan of Rs. Nil (previous year Rs. 75.000 million) from State Bank of India is secured by way of first pari-passu charge on current assets and second parri-passu charge on movable and immovable fixed assets of the Company. The Loan is further secured by way of exclusive mortgage on land situated at Plot No. 19, Dharuhera Industrial Area, Phase II, District Rewari (Haryana). The rate of interest on aforesaid loan is linked to bank’s base rate.

• Rupee term loan of Rs.11.029 l million (previous year Rs.13.899 million) from Allahabad Bank, secured by way of exclusive charge on the vehicles financed out of the said term loan. The rate of interest on aforesaid loan is linked to bank’s base rate.

2. Indian rupee loan from financial institution include:

• Working capital term loan of Rs. 13.276 million (previous year Nil) from financial institution is secured by way of hypothecation on all moveable fixed assets of transferor company acquired under direct credit scheme of SIDBI and whole of the current assets of transferor company both present and future of the Company. The term loan is further secured by way of equitable mortgage in favor of SIDBI of all the immovable properties of the transferor company. Further, the transferee company prior to merger has issued letter of comfort to bank for the aforesaid loan. The rate of interest on aforesaid loan is linked to prime lending rate of financial institution

3. Indian rupee loan from NBFC include :

• Term loan Rs.29.165 million (previous year Rs. 48.608 million) is secured by way of second charge on entire assets of the Company situated at Sanand, Gujarat to be purchased or constructed out of said term loan. The rate of interest on aforesaid loan is linked to NBFC’s prime lending rate (PLR).

4. Foreign currency loans from banks include:

• Foreign currency loan of USD 2.5 million equivalent to ` 1370.00 lacs (previous year USD 3.5 million equivalent to Rs. 191.802 million) from Standard Chartered Bank is secured by first pari-passu charge on movable and immovable fixed assets except assets exclusively charged to other banks. The loan carries interest @ LIBOR plus 3% and is fully hedged.

• Foreign currency loan of USD 3.75 million equivalent to Rs.188.438 million (previous year USD 5 million equivalent to Rs. 251.250 million) from Standard Chartered Bank is secured by first pari-passu charge on movable and immovable fixed assets except assets exclusively charged to other banks. The loan carries interest @ LIBOR plus 3.5% and is fully hedged.

• Foreign currency loan of USD 6 million equivalent to Rs.359.880 million (previous year Nil) from Standard Chartered Bank is secured by first pari-passu charge on movable and immovable fixed assets except assets exclusively charged to other banks. The loan carries interest @ LIBOR plus 3.5% and is fully hedged.

• FCNR loan of USD 3.81 million equivalent to Rs. 228.748 million (previous year Nil) from State Bank of India is secured by first pari passu charge on movable and immovable fixed assets except assets exclusively charged to other banks & further secured by way of second charge on current assets, on pari-passu basis. The loan carries interest @ LIBOR plus 3.25% and is fully hedged.

SHORT TERM BORROWINGS

Cash credit / other loans repayable on demand from banks are secured by hypothecation of inventories, book debts and other receivables both present and future and second pari-passu charge on movable and immovable fixed assets of the Company.

Auditors :
Name :	S P Puri and Company Chartered Accountants
Address :	4/18, Asaf Ali Road, New Delhi – 110002, India
Internal Auditors :
Name :	Ernst and Young LLP
Address :	Golf View Corporate Tower-B, Sector 42, Sector Road, Gurgaon – 122002, Haryana, India
Cost Auditors :
Name :	Gurdeep Singh and Associates Cost Accountants
Address :	3238, Ranjit Nagar, Near Metro Station Patel Nagar, New Delhi – 110008, India
Memberships :	Not Available
Collaborators :	Not Available
The entity having substantial interest in the Company : (As on 31.03.2014)	JTEKT Corporation, Japan
Others (Significant Influence) : (As on 31.03.2014)	Sona BLW Precision Forgings Limited (Formerly known as Sona Okegawa Precision Forgings Limited) transactions upto 25th April, 2012 Mahindra Sona Limited. Maruti Suzuki India Limited Sona e-design and Technologies Limited Pune Heat Treat Private Limited Kapur Properties and Investment Sona Autocomp Holding Limited Mandira Marketing Limited Koyo Bearings India Private Limited Sona BLW Prazisionsschmiede GmbH Somic ZF Components Limited. (Formerly known as Sona Somic Lemforder Components Limited) transaction & balance up to 25th April, 2012 Wheels Mobility Solutions Limited (Formerly known as Sona Mobility Services Limited transaction up to 11th January, 2013
Subsidiaries : (As on 31.03.2014)	Sona Fuji Kiko Automotive Limited Sona Stampings Limited JTEKT Sona Automotive India Limited
Associates: (As on 31.03.2014)	Sona Skill Development Centre Limited

CAPITAL STRUCTURE

As on 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
271000000	Equity Shares	Re.1/- each	Rs.271.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
198741832	Equity Shares	Re.1/- each	Rs. 198.742 Million

(a) Reconciliation of the equity shares outstanding at the beginning and at the end of reporting year

Reconciliation	31.03.2014
	No. of shares	Rs. in Million
Shares outstanding at the beginning of the year	198741832	198.742
Shares issued during the year	--	--
Shares bought back during the year	--	--
Shares outstanding at the end of the year	198741832	198.742

(b) Terms/rights attached to equity shares

The Company has only one class of equity shares having a par value of Rs. 1/- per share. Each holder of equity shares is entitled to one vote per share. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in case of interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholding.

(c) Detail of shareholders holding more than 5% shares in the company.

Name of Shareholders	31.03.2014
	No. of shares	% of Holding
Equity share of Re.1/- each fully paid
Sona Autocomp Holding Limited (Earlier Known as Sona Autocomp Holding Private Limited)	49914664	25.12%
JTEKT Corporation, Japan	39947108	20.10%
Maruti Suzuki India Limited	13800000	6.94%

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2015	31.03.2014	31.03.2013
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	198.742	198.742	198.742
(b) Reserves & Surplus	2422.801	2465.642	2232.148
(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)	2621.543	2664.384	2430.890
(3) Non-Current Liabilities
(a) long-term borrowings	1453.641	1610.573	1973.317
(b) Deferred tax liabilities (Net)	289.500	390.058	391.281
(c) Other long term liabilities	3.386	5.080	4.446
(d) long-term provisions	51.037	45.290	43.552
Total Non-current Liabilities (3)	1797.564	2051.001	2412.596
(4) Current Liabilities
(a) Short term borrowings	388.434	482.301	498.976
(b) Trade payables	1431.006	1528.832	1467.057
(c) Other current liabilities	946.137	864.291	886.772
(d) Short-term provisions	181.606	209.109	176.734
Total Current Liabilities (4)	2947.183	3084.533	3029.539
TOTAL	7366.290	7799.918	7873.025
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	3825.368	4025.072	4014.074
(ii) Intangible Assets	231.395	189.641	195.760
(iii) Capital work-in-progress	479.730	553.200	249.901
(iv) Intangible assets under development	141.802	121.116	64.794
(b) Non-current Investments	354.819	346.281	687.707
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	65.164	84.635	83.672
(e) Other Non-current assets	1.647	2.069	1.922
Total Non-Current Assets	5099.925	5322.014	5297.830
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	716.238	710.844	544.595
(c) Trade receivables	1166.477	1390.908	1558.006
(d) Cash and cash equivalents	23.479	20.611	14.725
(e) Short-term loans and advances	194.105	263.349	235.847
(f) Other current assets	166.066	92.192	222.022
Total Current Assets	2266.365	2477.904	2575.195
TOTAL	7366.290	7799.918	7873.025

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2015	31.03.2014	31.03.2013
	SALES
	Income	2917.208	10429.952	11185.626
	Other Income	11.431	403.128	55.661
	TOTAL (A)	2928.639	10833.080	11241.287
Less	EXPENSES
	Cost of Materials Consumed	1845.199	7141.883	7699.370
	Purchases of Stock-in-Trade	57.776	194.851	178.431
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	26.314	(124.313)	(42.849)
	Employees benefits expense	317.319	1104.892	1067.377
	Other expenses	307.004	1093.434	1075.231
	Research and Development expense	0	29.405	27.762
	TOTAL (B)	2553.612	9440.152	10005.322
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	375.027	1392.928	1235.965
Less	FINANCIAL EXPENSES (D)	64.166	318.943	335.227
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	310.861	1073.985	900.738
Less/ Add	DEPRECIATION/ AMORTISATION (F)	172.314	490.985	431.781
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	138.547	583.000	468.957
Less	TAX (H)	29.680	66.385	162.849
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)	108.867	516.615	306.108
	EARNINGS IN FOREIGN CURRENCY
	F.O.B. Value of Exports	0.000	890.262	624.431
	TOTAL EARNINGS	0.000	890.262	624.431
	IMPORTS
	Raw Materials	0.000	31.811	97.616
	Components and Stores parts	0.000	1326.058	1311.305
	Capital Goods	0.000	240.522	288.166
	TOTAL IMPORTS	0.000	1598.391	1697.087
	Earnings / (Loss) Per Share (Rs.)	0.55	2.60	1.54

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2015	31.03.2014	31.03.2013
Current Maturities of Long term debt	NA	1,065.099	992.876
Cash generated from operations	NA	10912.51	6667.380

QUARTERLY RESULTS

Particulars	30.09.2014	31.12.2014	31.03.2015
Audited / UnAudited	UnAudited	UnAudited	UnAudited
Net Sales	2710.250	2561.530	2917.210
Total Expenditure	2417.600	2278.900	2553.620
PBIDT (Excl OI)	292.650	282.630	363.5900
Other Income	15.770	8.870	11.430
Operating Profit	308.420	291.500	375.030
Interest	63.360	60.510	64.170
Exceptional Items	NA	NA	NA
PBDT	245.060	230.990	310.860
Depreciation	202.170	186.220	172.310
Profit Before Tax	42.890	44.77	138.550
Tax	12.530	14.47	29.680
Provisions and contingencies	NA0	NA	NA
Profit After Tax	30.360	30.300	108.870
Extraordinary Items	NA	NA	NA
Prior Period Expenses	NA	NA	NA
Other Adjustments	NA	NA	NA
Net Profit	30.360	30.300	108.870

KEY RATIOS

PARTICULARS		31.03.2015	31.03.2014	31.03.2013
Net Profit Margin (PAT / Sales)	(%)	3.73	5.24	2.98
Operating Profit Margin (PBIDT/Sales)	(%)	12.86	13.64	11.30
Return on Total Assets (PBT/Total Assets}	(%)	2.17	9.03	7.23
Return on Investment (ROI) (PBT/Networth)		0.05	0.23	0.20
Debt Equity Ratio (Total Debt /Networth)		0.70	0.79	1.02
Current Ratio (Current Asset/Current Liability)		0.77	0.80	0.85

STOCK PRICES

Face Value	Rs.1.00
Market Value	Rs.52.60

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	198.742	198.742	198.742
Reserves & Surplus	2232.148	2465.642	2422.801
Net worth	2430.890	2664.384	2621.543
long-term borrowings	1973.317	1610.573	1453.641
Short term borrowings	498.976	482.301	388.434
Current maturities of long-term debts	992.876	1065.099	0.000
Total borrowings	3465.169	3157.973	1842.075
Debt/Equity ratio	1.425	1.185	0.703

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	11185.626	10429.952	2917.208
		(6.756)	(72.030)

NET PROFIT MARGIN

Net Profit Margin	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	11185.626	10429.952	2917.208
Profit	333.870	546.020	108.867
	2.98%	5.24%	3.73%

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	Yes
22	Conduct of the banking account	--
23	Financials, if provided	Yes
24	Capital in the business	Yes
25	Last accounts filed at ROC, if applicable	Yes
26	Turnover of firm for last three years	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last three years	Yes
30	Major shareholders, if available	Yes
31	External Agency Rating, if available	Yes
32	Litigations that the firm/promoter involved in	Yes
33	Market information	--
34	Payments terms	No
35	Negative Reporting by Auditors in the Annual Report	No

LITIGATION DETAILS

IN THE HIGH COURT OF DELHI AT NEW DELHI

11.03.2011

PRESENT: MR. R. SANATHANAM, ADVOCATE FOR THE RESPONDENT.

 ITA 1253/2009

THE HON? BLE DIVISION BENCH HAS NOT ASSEMBLED TODAY.

LIST ON 3RD AUGUST, 2011.

 BY ORDER

COURT MASTER

MARCH 11,2011

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10534542	08/01/2015 *	400,000,000.00	STATE BANK OF INDIA	INDUSTRIAL FINANCE BRANCH, 14TH FLOOR, JAWAHAR VY  APAR BHAWAN, 1, TOLSTOY MARG, NEW DELHI, DELHI - 110001, INDIA	C40437949
2	10435312	14/10/2014 *	372,000,000.00	STANDARD CHARTERED BANK	(ACTING AS AN SECURITY AGENT) CDU,, NARAIN MANZIL  , 23 BARAKHAMBA ROAD, NEW DELHI, DELHI - 110001, INDIA	C32612640
3	10393321	14/10/2014 *	300,000,000.00	INDUSIND BANK LTD.	2401 GEN THIMMAYYA ROAD, CONTONMENT, PUNE, MAHARA  SHTRA - 411001, INDIA	C31793656
4	10389062	14/10/2014 *	300,000,000.00	STATE BANK OF INDIA	INDUSTRIAL FINANCE BRANCH, 14TH FLOOR, JAWAHAR VY  APAR BHAWAN, 1, TOLSTOY MARG, NEW DELHI, DELHI - 110001, INDIA	C31797095
5	10341233	14/10/2014 *	250,000,000.00	STANDARD CHARTERED BANK	(ACTING AS AN SECURITY AGENT) CDU,, NARAIN MANZIL  , 23 BARAKHAMBA ROAD, NEW DELHI, DELHI - 110001, INDIA	C32612871
6	10309839	14/10/2014 *	100,000,000.00	KOTAK MAHINDRA BANK LIMITED	7TH FLOOR, AMBADEEP BUILDING,, 14, K. G. MARG, CONNAUGHT PLACE, NEW DELHI, DELHI - 110001, INDIA	C31911944
7	10292330	14/10/2014 *	180,000,000.00	STANDARD CHARTERED BANK	(ACTING AS AN SECURITY AGENT) CDU,, NARAIN MANZIL, 23 BARAKHAMBA ROAD, NEW DELHI, DELHI - 110001, INDIA	C32613564
8	10268153	14/10/2014 *	300,000,000.00	ALLAHABAD BANK	INDUSTRIAL FINANCE BRANCH, 17, PARLIAMENT STREET,  NEW DELHI, DELHI - 110001, INDIA	C31966716
9	10257544	02/12/2010	30,000,000.00	ALLAHABAD BANK	26-27-28, NINEX CITY MART, SOHNA ROAD, SECTOR -49, GURGAON, HARYANA - 122018, INDIA	B02058683
10	10246741	14/10/2014 *	30,000,000.00	INDIAN BANK	NEW DELHI MAIN BRANCH, G-41, CONNAUGHT CIRCUS, NEW DELHI, DELHI - 110001, INDIA	C32172017

* Date of charge modification

CONTINGENT LIABILITIES:

(Rs. in million)

PARTICULARS	31.03.2014	31.03.2013
Claims against the Company not acknowledged as debt on account of : (a) Excise Duty i) Show cause notice received and pending with Adjudication Authority	161.542	153.628
ii) Cases pending before Appellate authorities in respect of which the company has filed appeals.	8.452	0.371
(b) Service Tax i) Show cause notice received and pending with Adjudication Authority	11.409	3.065
ii) Cases pending before Appellate authorities in respect of which the company has filed appeals/ show cause notices.	22.881	26.173
(c) VAT Haryana i) Local Area Development Tax (LADT) levied by Assessing Authority Gurgaon. Writ Petition civil pending with Supreme Court	80.986	63.615
(d) Customs Duty i) Show cause notice received from adjudication authority (DGFT) for advance license	0.625	0.576
ii) Case of valuation of import goods with special valuation branch under custom act * Includes penalty wherever indicated in the order and interest calculated up to 31-03-2014	8.125	0.000
(e) Income Tax i) Cases pending before Courts / Appellate Authorities in respect of which the Company has filed appeal	0.000	3.053
(f) Customer's claim against Company	0.000	69.641
II) Customer bills discounted	30.000	187.9000
III) Letter of credit opened by banks for purchase of inventory / Capital goods	39.757	39.547
Total	395.0084	578.8003

FIXED ASSETS

Tangible assets

• Freehold land
• Leasehold land
• Buildings
• Lease hold improvements
• Plant & equipments
• Jigs & fixtures
• Electric installations
• Furniture & fixtures
• Office equipments
• Vehicles
• Plant & equipments
• Office equipments

Intangible Assets

• Computer 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 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 :	PPT
Analysis Done by :	KAR
Report Prepared by :	GTA

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	7
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	7
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	7
--PROFITABILITY	1~10	5
--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	YES
--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	YES
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		60

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.