MIRA INFORM REPORT

Report No. :	310931
Report Date :	09.03.2015

IDENTIFICATION DETAILS

Name :	AMBER ENTERPRISES INDIA PRIVATE LIMITED

Registered Office :	C 1, Phase II, Focal Point, Rajpura Town – 140401, Punjab

Country :	India

Financials (as on) :	31.03.2014

Date of Incorporation :	02.04.1990

Com. Reg. No.:	16-010265

Capital Investment / Paid-up Capital :	Rs. 217.028 million

CIN No.: [Company Identification No.]	U28910PB1990PTC010265

IEC No.:	Not Available

TAN No.: [Tax Deduction & Collection Account No.]	PTLA11313B / PTLA11284A

PAN No.: [Permanent Account No.]	AABCA3456E

Legal Form :	Private Limited Liability Company

Line of Business :	The Company is engaged in the business of manufacturing of versatile range of products.

No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

Ba (54)

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

Maximum Credit Limit :	USD 6000000

Status :	Good

Payment Behaviour :	Regular

Litigation :	Clear

Comments :	Subject is a well-established company having fine track record. The rating reflects company’s healthy financial risk profile marked by adequate liquidity position and sound profitability margins of the company. Tarde relations are reported as fair. Business is active. Payment are reported to be regular and as per commitment. 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 – December 31, 2014

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

India

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	CRISIL
Rating	Long term Rating A-
Rating Explanation	Adequate degree of safety and low credit risk.
Date	01.08.2014

Rating Agency Name	CRISIL
Rating	Short term Rating A2+
Rating Explanation	Strong degree of safety and low credit risk.
Date	01.08.2014

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 31-03-2014.

INFORMATION DENIED BY

Name :	Mr. Birinder
Designation :	Senior Marketing Manager
Contact No.:	91-9718521500
Date :	05.03.2015

LOCATIONS

Registered Office :	C 1, Phase II, Focal Point, Rajpura Town – 140 401, Punjab, India
Tel. No.:	91-1762-22646 / 230570 / 232126 / 231420
Mobile No. :	91-9718521500 (Mr. Birinder)
Fax No.:	91-1762-25570
E-Mail :	amber@ambergroupindia.com birinderchadh@ambergroup.com daljitsingh@ambergroupindia.com
Website :	www.ambergroupindia.com

Corporate office :	Universal Trade Tower, 1st Floor, Set. 49, Sohna Road Gurgaon- 122101, Haryana, India

Branch Office/ Factory 1:	C-38, Ecotech Part-2, Udyog Vihar, Noida – 201 306, Uttar Pradesh, India
Tel. No.:	91-120-2353080

Branch Office/ Factory 2:	D-36, 37, 38, Industrial Area, Selaqui, Dehradun, Uttarakhand-248011, Uttranchal, India
Tel. No.:	91-135-2698162

Branch Office/ Factory 3 :	A-1/1A UPSIDC Industrial Area Selaqui- DEHRADUN, India

Branch Office/ Factory 4 :	Plot No H-23, Intergrated Industrial State, Selaqui, DEHRADUN-248011 Uttarakhand

Branch Office/ Factory 5 :	D-93, MIDC, Ranjangaon, Pune- 412220, Maharashtra, India

Branch Office/ Factory 6 :	15th Mile Stone, Gurgaon, Jhajjar Road Village-Dadri Toe District –Jhajjar -124103, Haryana, India

Branch Office/ Factory 7 :	C-3, UPSIDC, Site4, Industrial Area, Kasna, Greater Noida, Uttar Pradesh, India

DIRECTORS

As on 29.09.2014

Name :

Mr. Jasbir Singh

Designation :

Managing Director

Address :

20-A, SBS Colony, Rajpura – 140 401, Punjab, India

Date of Birth/Age :

28.05.1975

Date of Appointment :

30.09.2010

DIN No. :

00259632

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	U28910PB1990PTC010265	AMBER ENTERPRISES INDIA PRIVATE LIMITED	Managing director	30/09/2010	01/10/2004	-	Active	NO
2	U00072PB2005PTC029176	AMBER AVIATION (INDIA) PRIVATE LIMITED	Managing director	01/12/2008	14/11/2005	-	Active	NO
3	U01120PB2007PTC031196	AMBER ORGANIC FARMING PRIVATE LIMITED	Director	11/06/2007	11/06/2007	-	Active	NO
4	U74120UR2010PTC033101	AMBER INFRACON AND ENERGY INDIA PRIVATE LIMITED	Director	23/03/2010	23/03/2010	01/11/2013	Active	NO
5	U55101DL2009PTC196079	HARVEST HOTELS AND SERVICED APARTMENTS PRIVATE LIMITED	Director	30/12/2010	20/10/2010	09/07/2014	Active	NO
6	U29190PB2004PTC027594	AMRIT AIRCON SYSTEM PRIVATE LIMITED	Director	15/09/2011	31/08/2011	-	Active	NO
7	U74899DL1994PTC061471	PICL (INDIA) PRIVATE LIMITED	Director	12/11/2012	12/11/2012	-	Active	NO

Name :

Mr. Kartar Singh

Designation :

Whole Time Director

Address :

20-A, SBS Colony, Rajpura – 140 401, Punjab, India

Date of Birth/Age :

02.08.1947

Date of Appointment :

30.09.2010

DIN No. :

00183326

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	U28939PB1989PTC009006	ACME FABRICATIONS PRIVATE LIMITED	Managing director	24/01/1989	24/01/1989	01/04/2014	Active	NO
2	U28910PB1990PTC010265	AMBER ENTERPRISES INDIA PRIVATE LIMITED	Whole-time director	30/09/2010	02/04/1990	-	Active	NO
3	U29191PB1998PTC021062	ACAMA APPLIANCES PRIVATE LIMITED	Director	10/02/1998	10/02/1998	01/04/2014	Active	NO
4	U00072PB2005PTC029176	AMBER AVIATION (INDIA) PRIVATE LIMITED	Director	14/11/2005	14/11/2005	-	Active	NO
5	U29190PB2004PTC027594	AMRIT AIRCON SYSTEM PRIVATE LIMITED	Director	08/05/2006	08/05/2006	-	Active	NO
6	U01120PB2007PTC031196	AMBER ORGANIC FARMING PRIVATE LIMITED	Director	11/06/2007	11/06/2007	-	Active	NO
7	U74120UR2010PTC033101	AMBER INFRACON AND ENERGY INDIA PRIVATE LIMITED	Director	23/03/2010	23/03/2010	01/04/2013	Active	NO

Name :

Mr. Daljit Singh

Designation :

Director

Address :

20-A, SBS Colony, Rajpura, Patiala - 140401, Punjab, India

Date of Birth/Age :

01.05.1978

Date of Appointment :

01.01.2008

DIN No.:

02023964

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	U28910PB1990PTC010265	AMBER ENTERPRISES INDIA PRIVATE LIMITED	Director	30/09/2008	01/01/2008	-	Active	NO
2	U29190PB2004PTC027594	AMRIT AIRCON SYSTEM PRIVATE LIMITED	Director	15/09/2011	31/08/2011	-	Active	NO
3	U74899DL1994PTC061471	PICL (INDIA) PRIVATE LIMITED	Managing director	06/04/2013	12/11/2012	-	Active	NO

Name :

Mr. Sukhmani Lakhat

Designation :

Director

Date of Birth/Age :

27.11.1979

Date of Appointment :

01.10.2009

Address :

20-A, SBS Colony, Rajapura, Patiala – 140 401, Punjab, India

DIN No.:

02738985

Name :

Mr. Satyaprakash Ramamurthy

Designation :

Director

Address :

201, Palazzd Residency, 17^th Road, Khar West, Mumbai – 400 052, Maharashtra, India

Date of Birth/Age :

12.05.1968

Date of Appointment :

12.07.2012

DIN No.:

00956349

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	U52599KA2006PTC040316	KETTY RETAIL VENTURES PRIVATE LIMITED	Director	14/12/2006	14/12/2006	23/09/2008	Active	NO
2	U65910KA1996PTC019885	NILGIRIS FRANCHISE PRIVATE LIMITED	Director	14/12/2006	14/12/2006	23/09/2008	Active	NO
3	U85110KA1988PTC009463	NILGIRI'S MECHANISED BAKERY PRIVATE LIMITED	Director	14/12/2006	14/12/2006	23/09/2008	Active	NO
4	U01541KA1985PTC006784	APPU NUTRITIONS PRIVATE LIMITED	Director	14/12/2006	14/12/2006	23/09/2008	Active	NO
5	U85110KA1990PLC011089	DTDC Express Limited	Director	22/09/2009	21/05/2009	05/07/2013	Active	NO
6	U67190MH2010PTC206408	Elevate Capital Management Private Limited	Director	10/08/2010	10/08/2010	-	Active	NO
7	L28931TN1986PLC012728	Butterfly Gandhimathi Appliances Limited	Nominee director	31/08/2012	11/05/2012	-	Active	NO
8	U28910PB1990PTC010265	AMBER ENTERPRISES INDIA PRIVATE LIMITED	Nominee director	12/07/2012	12/07/2012	-	Active	NO
9	U74900MH2010PTC200212	Impact Index Cricket Private Limited	Additional director	01/11/2012	01/11/2012	-	Active	NO
10	U74899DL1994PTC061471	PICL (INDIA) PRIVATE LIMITED	Director	27/09/2013	27/09/2013	-	Active	NO

Name :

Mr. Anand Mundra

Designation :

Nominee Director

Address :

L-701, Golden Square, Off. CST Road, Santacruz East, Mumbai, Maharashtra, India

Date of Birth/Age :

21.12.1978

Date of Appointment :

12.07.2012

DIN No.:

03098196

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	U25209MH1991PLC060602	KRYFS POWER COMPONENTS LIMITED	Nominee director	25/09/2010	25/09/2010	30/04/2012	Active	NO
2	U85110KA1990PLC011089	DTDC Express Limited	Director	14/09/2012	21/03/2012	05/07/2013	Active	NO
3	U28910PB1990PTC010265	AMBER ENTERPRISES INDIA PRIVATE LIMITED	Nominee director	12/07/2012	12/07/2012	-	Active	NO
4	U74899DL1994PTC061471	PICL (INDIA) PRIVATE LIMITED	Director	27/09/2013	27/09/2013	-	Active	NO

Name :

Mr. Satvinder Singh

Designation :

Director

Address :

F/703,Mayordhwaj Apartments, 60 IP Extension, Patpargang, Delhi – 110 092, India

Date of Birth/Age :

06.07.1964

Date of Appointment :

29.09.2012

DIN No.:

00164903

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	U74140DL2006PTC157061	Corporatecare Consultants Private Limited	Director	27/12/2006	27/12/2006	-	Converted to LLP and dissolved	NO
2	U74900DL2009PTC195655	HARVEST HOLDINGS PRIVATE LIMITED	Director	30/12/2010	06/11/2009	05/03/2013	Active	NO
3	U45400DL2010PTC202709	GRACE REALCON PRIVATE LIMITED	Director	19/05/2010	19/05/2010	-	Converted to LLP and dissolved	NO
4	U72900PN2008PTC140418	DURA AUTO SYSTEMS INDIA PRIVATE LIMITED	Director	29/12/2011	28/09/2011	-	Active	NO
5	U28910PB1990PTC010265	AMBER ENTERPRISES INDIA PRIVATE LIMITED	Director	29/09/2012	19/11/2011	-	Active	NO
6	U74899DL1994PTC061471	PICL (INDIA) PRIVATE LIMITED	Director	12/11/2012	12/11/2012	-	Active	NO
7	AAD-3796	GRACE REALCON LLP	Designated Partner	14/02/2015	14/02/2015	-	Active	NO
8	AAD-3870	CORPORATECARE CONSULTANTS LLP	Designated Partner	17/02/2015	17/02/2015	-	Active	NO

Name :

Mr. Kripal Singh

Designation :

Director

Address :

Villag, Buta Singh wala, P.O. Banur, Tehsil Rajpura-140401, Patiala, Punjab, India

Date of Birth/Age :

26.11.1946

Date of Appointment :

27.09.1991

DIN No.:

00483171

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	U28910PB1990PTC010265	AMBER ENTERPRISES INDIA PRIVATE LIMITED	Director	27/09/1991	27/09/1991	-	Active	NO
2	U01120PB2007PTC031196	AMBER ORGANIC FARMING PRIVATE LIMITED	Director	11/06/2007	11/06/2007	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Birinder
Designation :	Senior Marketing Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 29.09.2014

Names of Shareholders	No. of Shares	Percentage
Kartar Singh	1480320	6.82
Kirpal Singh	456800	2.10
Daljit Singh	5700800	26.27
Jasbir Singh	6685840	30.81
Fairwinds trustee Service Private Limited	7378948	34.00
Total	21702708	100.00

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Bodies corporate	34.00
Directors or relatives of Directors	66.00
Total	100.00

BUSINESS DETAILS

Line of Business :	The Company is engaged in the business of manufacturing of versatile range of products.

Products :	Air Conditioners Extrusion Microwave Ovens Heat Exchangers Luminaries Sheet Metal Components

Brand Names :	Not Available

Agencies Held :	Not Available

Exports :	Not Divulged

Imports :	Not Divulged

Terms :
Selling :	Not Divulged

Purchasing :	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
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

Customers :

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

No. of Employees :

Not Divulged

Bankers :

Banker Name :	IDBI Bank Limited
Branch Address :	SCO 72-73, Sector 17C, Chandigarh-160017, India
Facilities :	Not Divulged
Person Name :	Not Divulged
Contact No.:	Not Divulged
Report :	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

Indusind Bank Limited, Dr. Gopal Das Bhawan, 28, Barakhamba Road, New Delhi, Delhi - 110001, India
ING Vysya Bank Limited, Narian Manzil, Ground Floor, Shop No. G1 To G5, I Floor, Shop No.1001 To 1007, Barakhamba Road, New Delhi, Delhi - 110001, India

Facilities :

(Rs. In Million)

SECURED LOAN	As on 31.03.2013	As on 31.03.2012
Long Term Borrowing
Fully convertible debentures others	0.000	552.000
Rupee term loans from banks	884.537	475.251
Foreign currency term loans from banks	210.208	434.480
Loans taken for vehicles	0.374	2.510
Other loans and advances, others	79.430	0.000
Short Term Borrowing
Working capital loans from banks	250.000	235.000
Loans repayable on demand from banks	710.653	654.909
Other loans and advances, others	163.582	19.175
Total	2298.784	2373.325


Auditors 1 :
Name :	Walker Chandiok and Comapny LLP Chartered Accountants
Address :	L - 41, Connaught Circus, New Delhi, Delhi, India
PAN No.:	AAAFW4298E
Auditors 2 :
Name :	R. K. Pahwa and Company Chartered Accountants
Address :	71, Dalima Vihar, Rajpura – 140 401, Punjab, India
PAN No.:	AANPP1642C

Memberships :	Not Available

Collaborators :	Not Available

Subsidiaries :	PICL (India) Private Limited (w.e.f 10 November 2012) CIN No.: U74899DL1994PTC061471 Amber Aviation (India) Private Limited (upto 17 July 2012) Amber Organic Farming Private Limited (upto 21 July 2012)

Entities over which significant influence is exercised by the company /key management personnel (either individually or with others) :	Acama Appliances Private Limited Amrit Aircon System Private Limited Amber Infracon Energy (India) Private Limited Amber Organic Farming Private Limited (w.e.f 22 July 2012) Amber Aviation (India) Private Limited (w.e.f 18 July 2012) Acme Fabrications Private Limited (till 10 July 2012)

CAPITAL STRUCTURE

As on 29.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount

25,000,000	Equity Shares	Rs.10/- each	Rs.250.000 million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

21,702,788	Equity Shares	Rs.10/- each	Rs.217.028 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	217.028	178.889	143.238
(b) Reserves & Surplus	1878.713	1167.163	617.250
(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)	2095.741	1346.052	760.488

(3) Non-Current Liabilities
(a) long-term borrowings	1174.774	1464.466	818.202
(b) Deferred tax liabilities (Net)	157.204	90.817	48.628
(c) Other long term liabilities	11.988	0.746	0.000
(d) long-term provisions	12.091	8.297	5.205
Total Non-current Liabilities (3)	1356.057	1564.326	872.035

(4) Current Liabilities
(a) Short term borrowings	1124.235	909.084	1172.438
(b) Trade payables	1651.470	2000.410	993.988
(c) Other current liabilities	1666.041	1025.662	197.595
(d) Short-term provisions	43.331	23.285	71.949
Total Current Liabilities (4)	4485.077	3958.441	2435.970

TOTAL	7936.875	6868.819	4068.493

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	2635.381	2177.308	1557.681
(ii) Intangible Assets	324.034	136.231	4.755
(iii) Capital work-in-progress	500.861	239.294	73.619
(iv) Intangible assets under development	0.000	0.000	19.122
(b) Non-current Investments	417.532	417.532	9.940
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	151.120	147.385	107.091
(e) Other Non-current assets	52.088	98.599	160.600
Total Non-Current Assets	4081.016	3216.349	1932.808

(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	1591.934	1443.539	1054.419
(c) Trade receivables	1414.663	1593.423	742.373
(d) Cash and cash equivalents	492.984	367.013	194.320
(e) Short-term loans and advances	325.471	217.737	126.551
(f) Other current assets	30.807	30.758	18.022
Total Current Assets	3855.859	3652.470	2135.685

TOTAL	7936.875	6868.819	4068.493

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	8383.058	8211.542	5421.985
		Other Income	64.991	51.133	20.635
		TOTAL	8448.049	8262.675	5442.620

Less	EXPENSES
		Cost of Materials Consumed		6994.136	4524.762
		Other expenses		713.982	464.203
		TOTAL	8183.836	7708.118	4988.965

Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		264.213	554.557	453.655

Less	FINANCIAL EXPENSES			188.247	126.584

	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		N.A	366.310	327.071

Less/ Add	DEPRECIATION/ AMORTISATION			118.941	133.601

	PROFIT BEFORE TAX		264.213	247.369	193.470

Less	TAX		66.524	43.122	60.397

	PROFIT AFTER TAX		197.689	204.247	133.073

	Earnings Per Share (Rs.)
	Basic		9.91	12.09	9.30
	Diluted		9.91	10.06	8.20

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	2.36	2.49	2.45

Operating Profit Margin (PBDIT/Sales)	(%)	N.A	6.75	8.37

Return on Total Assets (PBT/Total Assets}	(%)	3.76	3.98	4.88

Return on Investment (ROI) (PBT/Networth)		0.13	0.18	0.25

Debt Equity Ratio (Total Debt /Networth)		1.10	1.76	2.62

Current Ratio (Current Asset/Current Liability)		0.86	0.92	0.88

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	143.238	178.889	217.028
Reserves & Surplus	617.250	1167.163	1878.713
Net worth	760.488	1346.052	2095.741

long-term borrowings	818.202	1464.466	1174.774
Short term borrowings	1172.438	909.084	1124.235
Total borrowings	1990.640	2373.550	2299.009
Debt/Equity ratio	2.618	1.763	1.097

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	5421.985	8211.542	8383.058
		51.449	2.089

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	5421.985	8211.542	8383.058
Profit	133.073	204.247	197.689
	2.45%	2.49%	2.36%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	No
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	----------------------
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	No
20]	Export / Import details (if applicable)	No
21]	Market information	----------------------
22]	Litigations that the firm / promoter involved in	----------------------
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	----------------------
26]	Buyer visit details	----------------------
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

(Rs. In Million)

UNSECURED LOAN	As on 31.03.2014	As on 31.03.2013
Long Term Borrowing
Loans and advances from related parties	0.225	0.225
Total	0.225	0.225

BUSINESS DEVELOPMENT AND OPERATIONS

The Company, Amber Enterprises India Private Limited was incorporated on 2nd April, 1990.

The Company is engaged in the business of manufacturing of versatile range of products i.e. Air Conditioners (Room Air Conditioners), Extrusion and Vacuum formed Components, Microwave Ovens, Luminaries, Heat Exchangers, Sheet Metal Components for various applications and Electric Motors with its various Manufacturing Units located at different Place.

The financial year 2013-2014 witnessed another year of challenging market conditions. The volatile exchange rate and sharp depreciation of rupees further amplified the economic conditions and business performances. In spite of having challenging market conditions the performance of the company was encouraging during the year.

The company made a turnover of Rs.8383.000 Million (Net of inter unit) during the year as compared to a turnover of Rs.8211.500 Million (Net of inter unit) made during the previous year. The Company made profit (before tax) of Rs.264.200 Million during the year as compared to Rs. 247.300 Million earned during the immediately preceding previous year.

It will be the Directors Endeavor to work in focused direction. During the period under review, the Company was able to cater a large number of customers with multiple products portfolio and a better technology. Further, the manufacturing costs were rationalized towards optimization. The Directors of the Company are optimistic regarding the future prospects of the Company and analyzed the Strengths and Opportunities in the impending scenario.

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10548357	15/01/2015	350,000,000.00	SOCIETE GENERALE	Upper Ground Floor, Ambadeep Building 14, Kasturb a Gandhi Marg, New Delhi, Delhi - 110001, INDIA	C43148766
2	10535378	04/12/2014	350,000,000.00	INDUSIND BANK LIMITED.	Dr. Gopal Das Bhawan, 28, Barakhamba Road, New Delhi, Delhi - 110001, INDIA	C36210771
3	10517357	26/08/2014	150,000,000.00	THE RATNAKAR BANK LIMITED	SHAHUPURI,KOLHAPUR,, KOLHAPUR, Maharashtra - 41600 1, INDIA	C18756676
4	10486835	31/03/2014	450,000,000.00	IDBI Bank Limited	SCO 72-73, Sector 17C, Chandigarh, Chandigarh - 1 60017, INDIA	C01137835
5	10514209	27/01/2015 *	500,000,000.00	ING VYSYA BANK LIMITED	NARIAN MANZIL,GROUND FLOOR,SHOP NO. G1 TO G5,, I FLOOR,SHOP NO.1001 TO 1007,BARAKHAMBA ROAD,, NEW D ELHI, Delhi - 110001, INDIA	C43119445
6	10481477	19/09/2014 *	450,000,000.00	IDBI Bank Limited	SCO 72 - 73, SECTOR 17 - B, CHANDIGARH, Chandigarh - 160017, INDIA	C22887723
7	10501617	20/01/2014	250,000,000.00	SBERBANK.	SBERBANK., UPPER G.F.,GOPAL DAS BHAVAN, 28 BARAKH AMBA RD. C.P, NEW DELHI, Delhi - 110001, INDIA	C03562394
8	10446857	08/11/2013 *	297,000,000.00	ICICI BANK LIMITED	LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA	B88832902

* Date of charge modification

FIXED ASSETS

· Air Conditioner

· Building

· Computer

· Car

· Electrical Fittings

· Fire Fighting Equipment

· Furniture and Fixtures

· Generator

· Land

· Laboratory Equipments

· Office Equipments

· Plant and Machinery

· Scooter

· Cycle

· Tools and Dies

· Typewriter

· Tubewell

· Material Handling Trolly and Rack

· Water Cooler

· Water Pump Set

· Xerox Machine

· EPBAX

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.62.20
UK Pound	1	Rs.94.71
Euro	1	Rs.68.60

INFORMATION DETAILS

Information Gathered by :	PRT

Analysis Done by :	KAR

Report Prepared by :	JYTK

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	6
--RESERVES	1~10	6
--CREDIT LINES	1~10	6
--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		54

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.