MIRA INFORM REPORT

Report No. :	327468
Report Date :	18.06.2015

IDENTIFICATION DETAILS

Name :	G.R. ENGINEERING PRIVATE LIMITED (W. E. F. 05.05.2008)
Formerly Known As :	HARIANI HOLDINGS PRIVATE LIMITED
Registered Office :	Poonam Chambers, A-Wing, 2^nd Floor, Dr. AB Road, Worli, Mumbai-400 018, Maharashtra
Tel. No.:	91-22-2496 0551
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	17.10.1990
Com. Reg. No.:	11-058602
Capital Investment / Paid-up Capital :	Rs. 54.396 Million
CIN No.: [Company Identification No.]	U65990MH1990PTC058602
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	MUMG13231B
PAN No.: [Permanent Account No.]	AAACH8828G
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer and Importer of Process Equipment – Coded Vessels, Reactors, Columns, Pressure Vessels, Shell and Tube Exchangers, Horton Spheres, Mounded Bullets / Tanks, and Piping works.
No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

Ba (46)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 5400000
Status :	Satisfactory
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is a well-established private limited company incorporated in the year 1990 having satisfactory track. As per Director’s report, Company has reported increase in sales turnover by 5.42% however, the net profit has reduced due to increase in the finance cost, the pressure in margins in the new orders and delay in completion of some of the projects. However, the net profit margin is satisfactory. Net worth of the company is strong. Trade relations are fair. Business is active. Payments are reported to be slow but correct. The company can be considered for business dealings with 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:	A- [Fund Based Cash Credit]
Rating Explanation:	Having adequate degree of safety regarding timely servicing of financial obligations. It carry low credit risk.
Date:	28.11.2014

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2013.

INFORMATION DENIED BY

Name :	Mr. Rajesh
Designation :	Assistant Manager
Contact No.:	91-22-24960551
Date :	16.06.2015

LOCATIONS

Registered / Head Office :	Poonam Chambers, A-Wing, 2^nd Floor, Dr. AB Road, Worli, Mumbai-400 018, Maharashtra, India
Tel. No.:	91-22-2496 0551/52/53/54/55
Fax No.:	91-22-24964532
E-Mail :	grew@vsnl.com info@grengg.com
Website :	http://www.grengg.com
Workshop :	G-14, MIDC Industrial Area, Tarapur – 401506, Maharashtra, India
Tel. No.:	91-2525-272870 / 272970
Fax No.:	91-2525-273287
E-Mail :	grewl_tpr@vsnl.net
Shipping Division:	5A/5B, Sapana Terraces, 1^st Floor, Swatantra Path, Vasco-Da-Gama, Goa – 403802, India
Tel. No.:	91-834-2512972 / 2512973
Fax No.:	91-834-2510415
E-Mail :	grgoa@grengg.com
Regional Office :	529, Som Dut Chambers – II, 9, Bhikaji Cama Place, New Delhi – 110 066, India
Tel. No.:	91-11-2617 0252 / 2618 6779
Fax No.:	91-11-2619 2884
E-Mail :	grdelhi@del2.vsnl.net.in

DIRECTORS

AS ON: 27.09.2014

Name :

Mr. Daulatram Pribhdas Hariani

Designation :

Whole Time Director

Address :

401 Prabhu Kutir, Alta Mount Road, Mumbai – 400 026, Maharashtra, India

Date of Birth/Age :

27.10.1926

Date of Appointment :

08.05.2008

Experience:

62 Years in Engineering Industry

Election Commission Identity Card No :

MT / 04 / 024 / 3542566

Din No.:

00131120

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	U28920MH1966PTC013582	GREW INDUSTRIES PRIVATE LIMITED	Whole-time director	22/09/1966	22/09/1966	-	Active	NO
2	U55101TN1990PLC018883	TAJ MADURAI LIMITED	Director	16/03/1990	16/03/1990	-	Active	NO
3	U65990MH1990PTC058602	G. R. ENGINEERING PRIVATE LIMITED	Whole-time director	08/05/2008	17/10/1990	-	Active	NO
4	U61100MH1990PTC058666	G R SHIPPING PRIVATE LIMITED	Director	25/10/1990	25/10/1990	-	Active	NO
5	U74210MH2004PTC019690	GRUP CONSULTING ENGINEERS PRIVATE LIMITED	Director	30/09/2004	30/09/2004	-	Amalgamated	NO
6	U45200MH2005PTC152633	G. R. INFRASTRUCTURE PRIVATE LIMITED	Director	01/08/2011	13/04/2005	-	Active	NO

Name :

Mr. Ramesh Daulatram Hariani

Designation :

Managing Director

Address :

Bungalow No. 3, Ground Floor, Grant Paradi Apartment, Dady Seth Road, Mumbai-400036, Maharashtra, India

Date of Birth/Age :

11.10.1949

Date of Appointment :

08.05.2008

Qualification:

B. Sc. Mech. Engineering (London), Diploma in Business Admn. (Bradford, U.K)

Experience:

42 Years in Engineering Industry

Election Commission Identity Card No :

MT / 040 / 024 / 009562

Din No.:

00131240

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	U28920MH1966PTC013582	GREW INDUSTRIES PRIVATE LIMITED	Managing director	22/09/1966	22/09/1966	-	Active	NO
2	U55101TN1990PLC018883	TAJ MADURAI LIMITED	Director	16/03/1990	16/03/1990	-	Active	NO
3	U65990MH1990PTC058602	G. R. ENGINEERING PRIVATE LIMITED	Managing director	08/05/2008	17/10/1990	-	Active	NO
4	U61100MH1990PTC058666	G R SHIPPING PRIVATE LIMITED	Director	25/10/1990	25/10/1990	-	Active	NO
5	U70200KA2003PTC032900	QUADRANT REALTORS PRIVATE LIMITED	Director	21/11/2003	21/11/2003	-	Active	NO
6	U74210MH2004PTC019690	GRUP CONSULTING ENGINEERS PRIVATE LIMITED	Director	30/09/2004	30/09/2004	-	Amalgamated	NO
7	U45200MH2005PTC152633	G. R. INFRASTRUCTURE Private LIMITED	Managing director	01/08/2011	13/04/2005	-	Active	NO
8	L55101TN1970PLC005897	ORIENTAL HOTELS LIMITED	Director	28/07/2011	11/11/2005	-	Active	NO
9	U70101KA2006PTC038505	ALL SQUARE REALTORS INDIA PRIVATE LIMITED	Director	16/02/2006	16/02/2006	-	Active	NO
10	U01403MH2008PTC177489	LEMON TREE FARMING PRIVATE LIMITED	Director	07/01/2008	07/01/2008	28/12/2011	Active	NO
11	U74120MH2011PTC224014	Upper Crust Foods Private Limited	Director	17/11/2011	17/11/2011	24/04/2012	Active	NO

Name :

Mrs. Parmeshwari Daulatram Hariani

Designation :

Whole time Director

Address :

401, Pabhu Kutir, Alta Mount Road, Mumbai-400026, Maharashtra, India

Date of Birth/Age :

21.08.1929

Date of Appointment :

08.05.2008

Election Commission Identity Card No :

MT / 04 / 024 / 354255

Din No.:

00131387

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	U28920MH1966PTC013582	GREW INDUSTRIES PRIVATE LIMITED	Whole-time director	22/09/1966	22/09/1966	-	Active	NO
2	U55101TN1990PLC018883	TAJ MADURAI LIMITED	Director	16/03/1990	16/03/1990	-	Active	NO
3	U61100MH1990PTC058666	G R SHIPPING PRIVATE LIMITED	Director	25/10/1990	25/10/1990	-	Active	NO
4	U45200MH2005PTC152633	G. R. INFRASTRUCTURE PRIVATE LIMITED	Director	29/09/2006	29/09/2006	-	Active	NO
5	U65990MH1990PTC058602	G. R. ENGINEERING PRIVATE LIMITED	Whole-time director	08/05/2008	08/05/2008	-	Active	NO

Name :

Mr. Shankar Shripad Shirolkar

Designation :

Director

Address :

1^st Floor, ALPS Plaza, 15 Second, Bhatwadi Girgaum, Mumbai – 400 004, Maharashtra, India

Date of Birth/Age :

26.12.1938

Date of Appointment :

08.05.2008

Din No.:

01891727

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	U65990MH1990PTC058590	SHAUN HOLDINGS PRIVATE LIMITED	Director	01/10/1998	01/10/1998	-	Active	NO
2	U28920MH1966PTC013582	GREW INDUSTRIES PRIVATE LIMITED	Director	29/09/2012	09/08/2006	-	Active	NO
3	U65990MH1990PTC058602	G. R. ENGINEERING PRIVATE LIMITED	Director	08/05/2008	08/05/2008	-	Active	NO
4	U45200MH2005PTC152633	G. R. INFRASTRUCTURE PRIVATE LIMITED	Director	30/09/2011	29/07/2011	-	Active	NO

Name :

Mrs. Chilamiliika Lalini Hariani

Designation :

Whole Time Director

Address :

Row House No. 3, Grand Paradi Apartment, August Kranti Marg, Mumbai – 400 036, Maharashtra, India

Date of Birth/Age :

06.08.1948

Date of Appointment :

08.05.2008

Din No.:

01844372

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	U65990MH1990PTC058590	SHAUN HOLDINGS PRIVATE LIMITED	Director	01/01/1997	01/01/1997	-	Active	NO
2	U45200MH2005PTC152633	G. R. INFRASTRUCTURE PRIVATE LIMITED	Director	29/09/2006	29/09/2006	11/06/2012	Active	NO
3	U28920MH1966PTC013582	GREW INDUSTRIES PRIVATE LIMITED	Whole-time director	01/12/2006	01/12/2006	-	Active	NO
4	U65990MH1990PTC058602	G. R. ENGINEERING PRIVATE LIMITED	Whole-time director	08/05/2008	08/05/2008	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Milind Nirkhe
Designation :	Company secretary
Name :	Mr. Suhas Sadanand Ganpule
Designation :	Company secretary

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON: 27.09.2014

Names of Shareholders	No. of Shares
Daulatram Pribhdas Hariani	358900
Parmeshwari Daulatram Hariani	446940
Daulatram Pribhdas Hariani-HUF	96000
Ramesh Daulatram Hariani	2894840
Chilamiliika Lalini Hariani	72000
Gope Hariani - NRE	30720
Gope Hariani - NRO	136800
Jay Hariani - NRE	221440
Jay Hariani - NRO	44544
Neil Hariani - NRE	221440
Neil Hariani - NRO	24000
Gita Ziegelbaur - NRE	413856
Gita H Zeigelbaur - NRO	153320
Shaun Ziegelbaur - NRE	160000
Ziegelbaur – NRE (Minor)	160000
Chander Hariani	4800
Total	5439600

Equity Share Break up (Percentage of Total Equity)

AS ON: 27.09.2014

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer and Importer of Process Equipment – Coded Vessels, Reactors, Columns, Pressure Vessels, Shell and Tube Exchangers, Horton Spheres, Mounded Bullets / Tanks, Piping works.

Products :

ITC CODE	PRODUCTS
3541073	Fabrication of Storage and Pressure Vessels
3541013	Fabrication of Heat Exchangers
3541086	Fabrication of Columns
85023100	Fabrication of Machinery and Windmill Power Generation

Brand Names :

Not Available

Agencies Held :

Not Available

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 :

Banker Name	Bank of Maharashtra
Branch Address	Worli Branch, Worli Naka, Mumbai - 400018, Maharashtra, 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

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

Facilities :

(Rs. In Million)

SECURED LOAN	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWING
Rupee Term Loan from Banks	389.706	301.812
SHORT TERM BORROWING
Rupee Term Loan from Banks	535.979	194.581
Working Capital Loan from Banks	425.000	319.958
Total	1350.685	816.351

Financial Institutions:	Tata Capital Financial Services Limited, One Forbes, Dr. V. B. Gandhi Marg, Fort, Mumbai - 400001, Maharashtra, India
Auditors :
Name :	Sharp and Tannan Chartered Accountants
Address :	Ravindra Annexe, 194 Churchgate Reclamation ,Dinshaw Vachha Road, Mumbai, Maharashtra, India
Tel. No.:	91-22-22625000
Fax No.:	91-22-22625010
E-Mail :	jsco@jitendrasanghavi.com
PAN No.:	AAAFS2967E
Memberships :	Not Available
Collaborators :	Not Available
Subsidiary company:	Grew Industries Private Limited, (AAACG0529M)
Fellow Subsidiary Company:	G.R. Infrastructure Private Limited, (U45200MH2005PTC152633)

CAPITAL STRUCTURE

AS ON: 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
10000000	Equity Shares	Rs.10/- each	Rs. 100.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
5439600	Equity Shares	Rs.10/- each	Rs. 54.396 Million

FINANCIAL DATA

[all figures are in Rupees Million]

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	54.396	54.396	54.396
(b) Reserves & Surplus	1836.667	1779.834	1671.260
(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)	1891.063	1834.230	1725.656
(3) Non-Current Liabilities
(a) long-term borrowings	886.494	656.564	22.522
(b) Deferred tax liabilities (Net)	17.708	25.432	30.625
(c) Other long term liabilities	64.387	68.925	3.690
(d) long-term provisions	4.497	6.351	5.269
Total Non-current Liabilities (3)	973.086	757.272	62.106
(4) Current Liabilities
(a) Short term borrowings	1340.342	839.247	962.238
(b) Trade payables	496.687	452.803	373.514
(c) Other current liabilities	572.698	258.644	944.984
(d) Short-term provisions	8.578	6.320	427.628
Total Current Liabilities (4)	2418.305	1557.014	2708.364
TOTAL	5282.454	4148.516	4496.126
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	835.037	834.829	659.599
(ii) Intangible Assets	4.849	0.304	0.714
(iii) Capital work-in-progress	9.606	85.841	144.863
(iv) Intangible assets under development	0.000	15.157	11.465
(b) Non-current Investments	458.541	458.541	467.188
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	6.551	7.464	254.736
(e) Other Non-current assets	38.686	38.192	0.329
Total Non-Current Assets	1353.270	1440.328	1538.894
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	817.894	616.317	621.223
(c) Trade receivables	1185.069	694.652	905.805
(d) Cash and cash equivalents	14.276	3.884	3.471
(e) Short-term loans and advances	348.826	463.718	606.931
(f) Other current assets	1563.119	929.617	819.802
Total Current Assets	3929.184	2708.188	2957.232
TOTAL	5282.454	4148.516	4496.126

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income	2746.945	2605.718	2427.030
	Other Income	17.781	155.609	68.986
	TOTAL (A)	2764.726	2761.327	2496.016
Less:	EXPENSES (B)	2376.535	2350.105	2012.887
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)	388.191	411.222	483.129
Less:	FINANCIAL EXPENSES (D)	175.093	134.553	98.194
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	213.098	276.669	384.935
Less:	DEPRECIATION/ AMORTISATION (F)	120.819	112.631	100.383
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	92.279	164.038	284.552
Less:	TAX (H)	35.445	55.465	78.462
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)	56.834	108.573	206.090
Add:	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD (J)	791.207	682.634	529.154
	Balance Carried to the B/S (I+J) (K)	848.041	791.207	735.244
	EARNINGS IN FOREIGN CURRENCY
	F.O.B. Value of Exports	NA	0.881	NA
	TOTAL EARNINGS	NA	0.881	NA
	IMPORTS
	Raw Materials		201.346
	Capital Goods		64.251
	TOTAL IMPORTS	NA	265.597	NA
	Earnings / (Loss) Per Share (Rs.)	10.45	19.96	37.89

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	NA	36.359	30.604
Cash generated from operations	NA	NA	NA

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	2.07	4.17	8.49
Operating Profit Margin (PBIDT/Sales)	(%)	14.13	15.78	19.91
Return on Total Assets (PBT/Total Assets}	(%)	1.92	4.57	7.35
Return on Investment (ROI) (PBT/Networth)		0.05	0.09	0.16
Debt Equity Ratio (Total Debt /Networth)		1.18	0.82	0.57
Current Ratio (Current Asset/Current Liability)		1.62	1.74	1.09

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	54.396	54.396	54.396
Reserves & Surplus	1671.260	1779.834	1836.667
Net worth	1725.656	1834.230	1891.063
long-term borrowings	22.522	656.564	886.494
Short term borrowings	962.238	839.247	1340.342
Total borrowings	984.760	1495.811	2226.836
Debt/Equity ratio	0.571	0.815	1.178

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	2427.030	2605.718	2746.945
		7.362	5.420

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	2427.030	2605.718	2746.945
Profit	206.090	108.573	56.834
	8.49%	4.17%	2.07%

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	Yes
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	No
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	--
33	Market information	--
34	Payments terms	No
35	Negative Reporting by Auditors in the Annual Report	No

UNSECURED LOAN:

PARTICULARS	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Long Term Borrowings:
Deferred Sales Tax Loan	3.288	4.752
Other Loans and Advances, Others	493.500	350.000
Short Term Borrowings:
Rupee Term Loan from Others	379.363	324.708
Total	876.151	679.460

INDEX OF CHARGES:

S. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10567695	15/04/2015	42,500,000.00	ICICI BANK LIMITED	LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA	C52797784
2	10535433	17/10/2014	24,800,000.00	TATA CAPITAL FINANCIAL SERVICES LIMITED	ONE FORBES, DR. V. B. GANDHI MARG, FORT, MUMBAI,  MAHARASHTRA - 400001, INDIA	C36259570
3	10526420	30/09/2014	2,380,268.00	SUNDARAM FINANCE LIMITED	21 PATULLOS ROAD, CHENNAI, TAMILNADU - 600002, INDIA	C30122881
4	10526418	27/09/2014	2,380,268.00	SUNDARAM FINANCE LIMITED	21 PATULLOS ROAD, CHENNAI, TAMILNADU - 600002, INDIA	C30122212
5	10526421	27/09/2014	2,975,335.00	SUNDARAM FINANCE LIMITED	21 PATULLOS ROAD, CHENNAI, TAMIL NADU - 600002, IN  DIA	C30123251
6	10526416	27/09/2014	39,869,489.00	SUNDARAM FINANCE LIMITED	21 PATULLOS ROAD, CHENNAI, TAMILNADU - 600002, INDIA	C30121990
7	10526465	27/09/2014	70,000,000.00	TATA CAPITAL FINANCIAL SERVICES LIMITED	ONE FORBES, DR. V.B. GANDHI MARG, FORT, MUMBAI,  MAHARASHTRA - 400001, INDIA	C30139083
8	10455833	25/09/2013	34,650,000.00	TATA CAPITAL FINANCIAL SERVICES LIMITED	ONE FORBES, DR. V.B. GANDHI MARG, FORT, MUMBAI, MAHARASTRA - 400001, INDIA

FIXED ASSETS:

Tangible assets

• Land
• Buildings
• Plant and Equipment
• Other Plant and Equipment
• Furniture and Fixtures
• Vehicles
• Office Equipment
• Other Tangible Assets

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 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. 64.11
UK Pound	1	Rs. 100.32
Euro	1	Rs. 72.17

INFORMATION DETAILS

Information Gathered by :	DPA
Analysis Done by :	KIN
Report Prepared by :	THR

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILITY	1~10	4
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	6
--CREDIT LINES	1~10	5
--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		46

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.