MIRA INFORM REPORT

Report No. :	311039
Report Date :	12.03.2015

IDENTIFICATION DETAILS

Name :	PRASHA TECHNOLOGIES LIMITED
Registered Office :	Plot No. 162, Sector-5, IMT Manesar, Gurgaon – 122050, Haryana
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	17.02.1993
Com. Reg. No.:	05-031920
Capital Investment / Paid-up Capital :	Rs. 67.466 Million
CIN No.: [Company Identification No.]	U74899HR1993PLC031920
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAACP3591N
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturing Precision Sheet Metal Components and Assemblies
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (27)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. The rating is constrained on account of company’s moderate financial risk profile and losses that company has incurred from its operational activities. However, trade relations are fair. Business is active. Payments are reported to be slow but correct. The company can be considered for business dealing with some caution.

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	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	CRISIL
Rating	Long term rating = B
Rating Explanation	Risk-prone-credit-quality and carries very high credit risk.
Date	03.06.2014

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.

LOCATIONS

Registered Office/Unit I :	Plot No. 162 ,Sector-5, IMT Manesar, Gurgaon – 122050, Haryana, India
Tel. No.:	91-124-4398800
Fax No.:	91-124-4366261
Website :	www.prasha.com
Factory :	Unit II 17A, Gurukul Indraprastha Industrial Estate, Amar Nagar, Faridabad – 121003, Haryana, India
Tel. No.:	91-129-3222323
Fax No.:	91-129-4252326
Website :	www.prashagensets.com

DIRECTORS

As on 30.09.2013

Name :

Mr. sharad Kapoor

Designation :

Managing Director

Address :

1398, Sector A, PKT B and C, Vasant Kunj, New Delhi – 110070, India

Date of Birth/Age :

18.08.1959

Date of Appointment :

01.04.2014

DIN No.:

00240226

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	U74899HR1993PLC031920	PRASHA TECHNOLOGIES LIMITED	Managing director	01/04/2014	01/07/1995	-	Active	NO
2	U74920HR1996PLC033291	CADDX PRASHA CONTROLS LTD	Director	19/09/1996	19/09/1996	21/11/2009	Active	NO
3	U40108HR2010PLC040944	Sky Land Power Limited	Director	23/07/2010	23/07/2010	06/02/2013	Active	NO
4	U74900DL2009PTC188689	XJ ELEVATOR INDIA PRIVATE LIMITED	Director	29/03/2011	29/03/2011	-	Active	NO

Name :

Mr. Joy Konnayil

Designation :

Director

Address :

278, Mandakni Enclave, Alaknanda, New Delhi – 110019, India

Date of Birth/Age :

20.01.1948

Date of Appointment :

01.04.2014

DIN No.:

00199874

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	U74899HR1993PLC031920	PRASHA TECHNOLOGIES LIMITED	Managing director	01/04/2014	01/07/1995	-	Active	NO
2	U74899DL1975PTC008001	PREMIER ZIBA(INDIA) PRIVATE LIMITED	Director	21/08/1995	21/08/1995	10/05/2010	Active	NO
3	U74899DL1995PTC065316	K.F. SERVICES PRIVATE LIMITED	Managing director	10/12/1995	10/12/1995	-	Active	NO
4	U74920HR1996PLC033291	CADDX PRASHA CONTROLS LTD	Director	19/09/1996	19/09/1996	-	Active	NO
5	U74899DL2005PTC137521	INDIA INNOVATIVE TECHNOLOGIES PRIVATE LIMITED	Director	13/06/2005	13/06/2005	-	Active	NO
6	U40108HR2010PLC040944	Sky Land Power Limited	Director	23/07/2010	23/07/2010	28/03/2013	Active	NO
7	U74900DL2009PTC188689	XJ ELEVATOR INDIA PRIVATE LIMITED	Director	29/03/2011	29/03/2011	-	Active	NO

Name :

Mr. Pradeep Kumar Tripathi

Designation :

Whole time Director

Address :

Anupam Garden, New Sarai, New Delhi – 1100068, India

Date of Birth/Age :

22.11.1952

Date of Appointment :

01.04.2012

DIN No.:

00004893

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ DesignatedPartner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U74999DL1998PLC093943	EDUTECH INFORMATICS INDIA LIMITED	Director	24/08/1999	24/08/1999	-	Under Process of Striking off	NO
2	U72200TN2001PTC046986	SAVANT INDIA INSTITUTE OF TECHNOLOGY PRIVATE LIMITED	Director	30/04/2001	30/04/2001	08/04/2011	Active	NO
3	U74899HR1993PLC031920	PRASHA TECHNOLOGIES LIMITED	Director	01/04/2012	29/08/2002	-	Active	NO
4	U92111HR2000PLC034517	GURGAON RECREATION PARK LIMITED	Managing director	28/12/2012	06/02/2004	-	Active	NO
5	U36999HR1996PLC033491	GURGAON TECHNOLOGY PARK LIMITED	Director	16/03/2004	16/03/2004	26/06/2009	Active	NO
6	U74920HR1996PLC033291	CADDX PRASHA CONTROLS LTD	Director	17/07/2004	17/07/2004	16/07/2010	Active	NO
7	U70101DL2005PLC134700	UNITECH INFRA-CON LIMITED	Director	06/04/2005	06/04/2005	27/10/2014	Active	NO
8	U15205CH1999PTC022978	PAGRO FOODS Private Limited	Director	29/09/2012	30/08/2005	-	Active	NO
9	U74899DL2005PLC141674	UNITECH HI-TECH STRUCTURES LIMITED	Director	13/10/2005	13/10/2005	05/01/2007	Active	NO
10	U45201DL2005PLC141764	UNITECH INFOPARK LIMITED	Director	17/10/2005	17/10/2005	-	Active	NO
11	U45201DL2005PLC141990	UNITECH HARYANA SEZ LIMITED	Director	21/10/2005	21/10/2005	03/05/2011	Amalgamated	NO
12	U45201HR2005PLC052437	UNITECH REAL ESTATE DEVELOPERS LIMITED	Director	08/09/2006	21/10/2005	07/08/2007	Active	NO
13	U45201DL2005PLC142337	DEORIA PROPERTIES LTD	Director	15/09/2006	08/11/2005	31/07/2007	Active	NO
14	U74899DL2005PLC143813	LANDSCAPE BUILDERS LIMITED	Director	19/12/2005	19/12/2005	03/05/2011	Active	NO
15	U45201DL2005PLC143967	UNITECH BUILDERS AND PROJECTS LIMITED	Director	22/12/2005	22/12/2005	20/07/2007	Active	NO
16	U72900DL2000PTC105436	STYLE SOLUTIONS PRIVATE LIMITED	Director	12/01/2006	12/01/2006	27/11/2009	Active	NO
17	U74899DL2006PTC144712	HICOM INFRASTUCTURE PRIVATE LIMITED	Director	12/01/2006	12/01/2006	-	Active	NO
18	U45201DL2006PTC144717	SHREEAUMJI BUILDERS PRIVATE LIMITED	Director	12/01/2006	12/01/2006	-	Active	NO
19	U45201DL2006PTC144715	SHREEAUMJI PROPERTIES PRIVATE LIMITED	Director	12/01/2006	12/01/2006	-	Active	NO
20	U45201DL2006PTC144714	SHREEAUMJI REAL ESTATE SEZ PRIVATE LIMITED	Director	28/09/2007	12/01/2006	-	Active	NO
21	U70109DL2006PTC149250	SHREEAUMJI BUILDTECH PRIVATE LIMITED	Director	27/05/2006	27/05/2006	-	Active	NO
22	U70109DL2006PTC149379	SHREEAUMJI PROMOTERS & BUILDERS PRIVATE LIMITED	Director	01/06/2006	01/06/2006	-	Active	NO
23	U70109DL2006PTC149378	SHREEAUMJI CONSTRUCTIONS PRIVATE LIMITED	Director	01/06/2006	01/06/2006	-	Active	NO
24	U70109DL2006PTC150429	SHREEAUMJI HABITATION PRIVATE LIMITED	Director	30/06/2006	30/06/2006	-	Active	NO
25	U70109DL2006PTC150430	SHREEAUMJI ESTATE DEVELOPERS PRIVATE LIMITED	Director	30/06/2006	30/06/2006	-	Active	NO
26	U70109DL2006PTC150431	COMTECH INFRASTRUCTURE PRIVATE LIMIED.	Director	30/06/2006	30/06/2006	-	Active	NO
27	U70109DL2006PTC151192	GURGAON CONVENTION CITY PRIVATE LIMITED	Director	21/07/2006	21/07/2006	-	Strike off	NO
28	U74899DL1995PTC065316	K.F. SERVICES PRIVATE LIMITED	Director	29/09/2006	30/08/2006	01/06/2012	Active	NO
29	U74996DL2006PTC154080	INKE INDIA PRIVATE LIMITED	Director	19/09/2006	19/09/2006	-	Active	NO
30	U45201DL2004PTC127039	AKSHAY BUILDWELL PRIVATE LIMITED	Director	17/08/2007	28/09/2006	-	Active	NO
31	U70101DL2004PTC127204	CALIBRE BUILDWELL PRIVATE LIMITED	Director	17/08/2007	28/09/2006	-	Active	NO
32	U74140DL2006PTC155265	P. T. & ASSOCIATES PRIVATE LIMITED	Director	07/11/2006	07/11/2006	-	Active	NO
33	U45200DL2006PTC155326	UNIQUE TECHNOPARKS PRIVATE LIMITED	Director	28/09/2012	08/11/2006	-	Active	NO
34	U45200DL2006PTC155342	SPECTRUM TECHNOCONSTRUCTIONS PRIVATE LIMITED	Director	09/11/2006	09/11/2006	-	Active	NO
35	U72200DL2006PTC155338	TOTAL RECYCLING TECHNOLOGY PRIVATE LIMITED	Director	09/11/2006	09/11/2006	-	Active	NO
36	U74899DL2006PTC144713	SHREEAUMJI DEVELOPERS SEZ PRIVATE LIMITED	Director	28/09/2007	14/11/2006	-	Active	NO
37	U45200DL2006PTC155883	MIDWAY INFRASTRUCTURE PRIVATE LIMITED	Director	23/11/2006	23/11/2006	-	Active	NO
38	U67190DL2005PTC133605	SOLITAIRE CAPITAL TRUSTEES PRIVATE LIMITED	Director	08/02/2007	08/01/2007	-	Active	NO
39	U45200DL2007PTC160630	AVANTIKA CONSTRUCTION COMPANY PRIVATE LIMITED	Director	16/03/2007	16/03/2007	-	Active	NO
40	U45200DL2007PTC160629	PAMPOSH TOWN PLANNERS PRIVATE LIMITED	Director	16/03/2007	16/03/2007	-	Active	NO
41	U45200DL2007PTC160632	SHILPALAYA CONSTRUCTIONS PRIVATE LIMITED	Director	16/03/2007	16/03/2007	13/03/2013	Active	NO
42	U45200DL2007PTC160649	MULTIVISION CONSTRUCTIONS PRIVATE LIMITED	Director	16/03/2007	16/03/2007	25/12/2008	Active	NO
43	U45200DL2007PTC162075	GREEN LAND TECHNOBUILDERS PRIVATE LIMITED	Director	16/04/2007	16/04/2007	-	Active	NO
44	U74900DL2007PTC163146	SIMS Recycling Solutions India Private Limited	Director	09/05/2007	09/05/2007	20/10/2010	Active	NO
45	U24224DL2008PTC172227	NANOTECH PAINTS & COATINGS PRIVATE LIMITED	Director	03/01/2008	03/01/2008	-	Active	NO
46	U45200DL2006PTC154472	DGS REALTORS PRIVATE LIMITED	Director	30/09/2008	05/05/2008	05/10/2010	Active	NO
47	U80301DL2003PTC120055	ORANGES LEARNING SYSTEMS PRIVATE LIMITED	Director	29/09/2008	02/07/2008	-	Strike off	NO
48	U70101DL2005PLC134243	SEAVIEW DEVELOPERS LIMITED	Director	30/09/2009	07/01/2009	27/10/2014	Active	NO
49	U52100DL2009PTC190070	PS RETAIL & TRADERS PRIVATE LIMITED	Director	06/05/2009	06/05/2009	-	Active	NO
50	U37100DL2009PTC190308	BIOTIC RECYCLING SOLUTIONS PRIVATE LIMITED	Director	14/05/2009	14/05/2009	-	Active	NO
51	U11100DL2008PTC174679	NERIS ENERGY PRIVATE LIMITED	Director	20/08/2010	05/10/2009	-	Strike off	NO
52	U11100DL2007PTC158395	HIGH STRENGTH ENERGY PRIVATE LIMITED	Director	20/09/2010	05/10/2009	-	Strike off	NO
53	U11100DL2007PTC157434	SUBLIME ENERGY PRIVATE LIMITED	Director	20/09/2010	05/10/2009	-	Strike off	NO
54	U11100DL2008PTC174832	EREBUS ENERGY PRIVATE LIMITED	Director	20/08/2010	05/10/2009	-	Strike off	NO
55	U11100DL2006PTC154770	COLOSSAL ENERGY PRIVATE LIMITED	Director	30/08/2010	05/10/2009	-	Strike off	NO
56	U11100DL2006PTC153591	KALAKRITI ENERGY PRIVATE LIMITED	Director	04/09/2010	05/10/2009	-	Strike off	NO
57	U11100DL2008PTC174831	MUNROS ENERGY PRIVATE LIMITED	Director	20/08/2010	05/10/2009	-	Strike off	NO
58	U04010CT1995PLC008985	JINDAL POWER LIMITED	Director	18/06/2010	18/12/2009	18/10/2010	Active	NO
59	U92419DL2010PTC201507	HTC SPORTS PRIVATE LIMITED	Director	13/04/2010	13/04/2010	-	Active	NO
60	U40108HR2010PLC040944	Sky Land Power Limited	Director	23/07/2010	23/07/2010	01/06/2012	Active	NO
61	U74140DL2010PTC211267	NUAGE ASSOCIATES PRIVATE LIMITED	Director	09/12/2010	09/12/2010	-	Active	NO
62	U37100HR2011PTC042931	PS CARBONS PRIVATE LIMITED	Director	12/05/2011	12/05/2011	19/06/2012	Active	NO
63	U40300MH2011PTC216007	Omnigrid Micropower Company Private Limited	Director	29/09/2012	08/07/2011	19/02/2013	Active	NO
64	U45201DL2006PTC144716	SHREEAUMJI BUILDWELL PRIVATE LIMITED	Director	29/09/2012	01/10/2011	-	Active	NO
65	U15139CH2007PTC030907	PAGRO FROZEN FOODS PRIVATE LIMITED	Director	29/09/2012	31/03/2012	-	Active	NO
66	U74140DL2010PTC209175	CONSORTIUM ASSOCIATES PRIVATE LIMITED	Director	29/09/2012	16/04/2012	-	Active	NO
67	U29253DL2012PTC240616	TENACITY MEDICAL DEVICES INDIA PRIVATE LIMITED	Director	23/08/2012	23/08/2012	-	Active	NO
68	U74900DL2009PTC188689	XJ ELEVATOR INDIA PRIVATE LIMITED	Director	03/12/2012	03/12/2012	-	Active	NO
69	U50300DL2008PTC175587	PT AUTOMOBILES PRIVATE LIMITED	Director	30/09/2013	29/04/2013	-	Active	NO

Name :

Mr. Satpal Khattat

Designation :

Director

Address :

3-D Tanglin Hill – 248035, Singapore

Date of Birth/Age :

22.11.1942

Date of Appointment :

28.05.1996

DIN No.:

00307293

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ DesignatedPartner	Date of appointment at currentdesignation	Originaldate of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U45202DL1991PLC046111	PUREARTH INFRASTRUCTURE LIMITED	Director	25/04/1996	25/04/1996	-	Active	NO
2	U74899HR1993PLC031920	PRASHA TECHNOLOGIES LIMITED	Director	28/05/1996	28/05/1996	-	Active	NO
3	U36999HR1996PLC033491	GURGAON TECHNOLOGY PARK LIMITED	Director	05/06/1997	05/06/1997	26/06/2009	Active	NO
4	L74899MH1994PLC164024	GATEWAY DISTRIPARKS LTD.	Director	26/09/1997	26/09/1997	-	Active	NO
5	U24230MH1995PTC091579	HAW PAR (INDIA) PRIVATE LIMITED	Director	22/07/1998	22/07/1998	01/06/2007	Active	NO
6	L74999MH1995PLC093797	IIFL Holdings Limited	Director	20/04/2001	20/04/2001	27/10/2010	Active	NO
7	U45201WB2000PLC090948	DEVBHOOMI AWAS LIMITED	Director	20/01/2005	20/01/2005	04/07/2014	Active	NO
8	U67190DL2005PTC133614	SOLITAIRE CAPITAL ADVISORS PRIVATE LIMITED	Director	15/04/2005	15/04/2005	-	Active	NO
9	U30007MH1994PLC081637	MAHINDRA SONA LIMITED	Director	26/10/2005	26/10/2005	-	Active	NO
10	U60231DL2005PLC138598	GATEWAY RAIL FREIGHT LIMITED	Director	21/07/2006	21/07/2006	-	Active	NO
11	U93090DL2006PTC151543	KAMAYANI FACILITY MANAGEMENT PRIVATE LIMITED.	Director	02/08/2006	02/08/2006	-	Active	NO
12	U70109DL2006PTC151901	KALPTRU REALTY PRIVATE LIMITED.	Director	10/08/2006	10/08/2006	29/03/2007	Active	NO
13	U70109DL2006PTC151900	VIGHANHARTA ESTATES PRIVATE LIMITED.	Director	10/08/2006	10/08/2006	29/03/2007	Active	NO
14	U70109DL2006PTC151899	KAMAYANI PROPERTIES PRIVATE LIMITED.	Director	10/08/2006	10/08/2006	29/03/2007	Active	NO
15	U70109DL2006PTC151882	KAMAKSHI REALTY PRIVATE LIMITED.	Director	10/08/2006	10/08/2006	29/03/2007	Active	NO
16	U70109DL2006PTC151919	CALIPRO REAL ESTATES PRIVATE LIMITED.	Director	11/08/2006	11/08/2006	19/03/2007	Active	NO
17	U22229DL2006PLC151920	STRATEGIC IMAGE MANAGEMENT LIMITED	Director	11/08/2006	11/08/2006	-	Active	NO
18	U70102PN2006PTC022071	SUNGUARD CONSTRUCTION PRIVATE LIMITED	Director	02/11/2006	02/11/2006	23/01/2015	Active	NO
19	U74996DL2006PTC154080	INKE INDIA PRIVATE LIMITED	Director	05/03/2007	05/03/2007	-	Active	NO
20	U80904DL2007NPL161078	SINGAPORE - INDIA PARTNERSHIP FOUNDATION(INDIA)	Director	23/03/2007	23/03/2007	-	Active	NO
21	U72200KA2007PTC042902	SCICOM INFRASTRUCTURE SERVICES (INDIA) PRIVATE LIMITED	Director	18/06/2007	18/06/2007	-	Active	NO
22	U74900DL2009PTC188689	XJ ELEVATOR INDIA PRIVATE LIMITED	Director	29/03/2011	29/03/2011	-	Active	NO
23	U40300MH2011PTC216007	Omnigrid Micropower Company Private Limited	Director	29/09/2012	24/10/2011	-	Active	NO
24	U28910DL2008PTC175334	NAVRAN ADVANCED NANOPRODUCTS DEVELOPMENT INTERNATIONAL PRIVATE LIMITED	Nominee director	31/10/2011	31/10/2011	-	Active	NO
25	U74899DL1994PTC061984	KHATTAR ESTATES PRIVATE LIMITED	Director	13/12/2011	13/12/2011	-

Name :

Mr. Arvind Khattar

Designation :

Director

Address :

3-D Tanglin Hill – 248035, Singapore

Date of Birth/Age :

22.04.1978

Date of Appointment :

17.07.2009

DIN No.:

00245485

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	U45201WB2000PLC090948	DEVBHOOMI AWAS LIMITED	Director	20/01/2005	20/01/2005	04/07/2014	Active	NO
2	U74899HR1993PLC031920	PRASHA TECHNOLOGIES LIMITED	Director	17/09/2009	15/07/2009	-	Active	NO
3	U45201DL2005PTC143398	SOLITAIRE BUILDMART PRIVATE LIMITED	Director	30/09/2011	24/11/2010	-	Active	NO
4	U45202DL1991PLC046111	PUREARTH INFRASTRUCTURE LIMITED	Director	04/08/2014	20/09/2013	-	Active	NO

KEY EXECUTIVES

Name :	Rashima Bhai
Designation :	Secretary
Address :	Building No. 27, Flat No. 363, Arjan vihar, New Delhi – 110066, India
Date of Birth/Age :	29.06.1964
Date of Appointment :	18.05.2008

MAJOR SHAREHOLDERS

Note :

SHAREHOLDING DETAILS FILE ATTACHED

As On (30.09.2013)

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	38.58
Bodies corporate	6.70
Directors or relatives of Directors	54.65
Other	0.07
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturing Precision Sheet Metal Components and Assemblies

Products :

Product Description	Item Code No. (ITC Code)
Sheet Metal and Value added products	72199090
Power Generation Equipments	85021200

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
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

Customers :

· Larsen and Toubro

· Carrier

· Ashok Leylan

· ACL

· Nestle

· Shyam

· Coca-cola

Reference :	Tata Teleservice Limited
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 Available

Bankers :

· Citibank N.A, Jeevan Bharti Building, 4^th Flooe, 124, Connaught Circus, Connaught Place, New Delhi – 11001, Delhi, India

Banker Name	Punjab National Bank
Branch Address	Fountain Chowk, Gurgaon – 122001, Haryana, India
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
Name of Account Holder	Not Divulged
Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

Facilities :

(Rs. In Million)

SECURED LOAN	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWING
Rupee Term loan from banks	0.000	10.561
Total	0.000	10.561

Auditors :
Name :	H Gambhir and Company Chartered Accountants
Address :	J-1813, Chitranjan Park
PAN No.:	AAAFH2802M
Memberships :	Not Available
Collaborators :	Not Available
Associates :	· XJ Elevator India Private Limited CIN No. : U74900DL2009PTC188689 · K.F. Services Private Limited CIN No. : U74899DL1995PTC065316

CAPITAL STRUCTURE

As on 30.09.2013

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
6746570	Equity Shares	Rs.10/- each	Rs. 67.466 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	67.466	54.844	54.844
(b) Reserves & Surplus	160.259	152.713	155.491
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	25.244	0.000
Total Shareholders’ Funds (1) + (2)	227.725	232.801	210.335
(3) Non-Current Liabilities
(a) long-term borrowings	36.000	52.361	67.913
(b) Deferred tax liabilities (Net)	0.000	7.788	8.657
(c) Other long term liabilities	0.000	8.104	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	36.000	68.253	76.570
(4) Current Liabilities
(a) Short term borrowings	84.960	134.231	167.669
(b) Trade payables	107.230	73.260	54.045
(c) Other current liabilities	27.946	36.966	26.996
(d) Short-term provisions	0.821	33.682	53.261
Total Current Liabilities (4)	220.957	278.139	301.971
TOTAL	484.682	579.193	588.876
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	230.808	315.405	305.281
(ii) Intangible Assets	0.453	0.895	1.416
(iii) Capital work-in-progress	1.686	1.813	15.135
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	4.484	4.484	4.506
(c) Deferred tax assets (net)	9.224	0.000	0.000
(d) Long-term Loan and Advances	2.372	2.391	3.071
(e) Other Non-current assets	21.520	17.206	9.341
Total Non-Current Assets	270.547	342.194	338.750
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	142.534	95.622	108.855
(c) Trade receivables	45.459	67.649	61.026
(d) Cash and cash equivalents	8.678	24.985	11.551
(e) Short-term loans and advances	16.674	46.807	67.796
(f) Other current assets	0.790	1.936	0.898
Total Current Assets	214.135	236.999	250.126
TOTAL	484.682	579.193	588.876

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income	452.533	503.597	537.684
	Other Income	0.874	1.969	3.683
	TOTAL (A)	453.407	505.566	541.367
Less	EXPENSES
	Cost of Materials Consumed	397.888	368.699	382.171
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(56.090)	(0.651)	9.130
	Employees benefits expense	45.181	50.555	66.130
	Other expenses	42.979	45.288	66.298
	TOTAL (B)	429.958	463.891	523.729
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	23.449	41.675	17.638
Less	FINANCIAL EXPENSES (D)	24.590	32.657	36.274
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	(1.141)	9.018	(18.636)
Less/ Add	DEPRECIATION/ AMORTISATION (F)	12.618	12.275	12.306
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	(13.759)	(3.257)	(30.942)
Less	TAX (I)	0.000	0.000	(10.745)
	PROFIT/ (LOSS) AFTER TAX (G-I) (J)	(13.759)	(3.257)	(20.197)
	EARNINGS IN FOREIGN CURRENCY
	F.O.B. Value of Exports	0.358	3.017	112.849
	TOTAL EARNINGS	0.358	3.017	112.849
	IMPORTS
	Raw Materials	61.305	72.743	0.000
	TOTAL IMPORTS	61.305	72.743	0.000
	Earnings / (Loss) Per Share (Rs.)	(2.04)	NA	(4.03)

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT/Sales)	(%)	(3.04)	(0.65)	(3.76)
Operating Profit Margin (PBDIT / Sales)	(%)	5.18	8.28	3.28
Return on Total Assets (PBT/Total Assets}	(%)	(2.93)	(0.57)	(5.44)
Return on Investment (ROI) (PBT/Networth)		(0.06)	(0.01)	(0.15)
Debt Equity Ratio (Total Debt /Networth)		0.53	0.80	1.12
Current Ratio (Current Asset/Current Liability)		0.97	0.85	0.83

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	54.844	54.844	67.466
Reserves & Surplus	155.491	152.713	160.259
Share Application money pending allotment	0.000	25.244	0.000
Net worth	210.335	232.801	227.725
long-term borrowings	67.913	52.361	36.000
Short term borrowings	167.669	134.231	84.960
Total borrowings	235.582	186.592	120.960
Debt/Equity ratio	1.120	0.802	0.531

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	537.684	503.597	452.533
		-6.340	(10.140)

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	537.684	503.597	452.533
Profit	(20.197)	(3.257)	(13.759)
	(3.76%)	(0.65%)	(3.04%)

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	No
9]	Name of person contacted	No
10]	Designation of contact person	No
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	----------------------
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	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	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

UNSECURED LOAN

(Rs. In Million)

Particulars	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWING
Loan and advances from related parties	36.000	41.800
SHORT TERM BORROWING
Rupee term loan from banks	84.960	134.231
Total	120.960	176.031

PERFORMANCE OF THE COMPANY

The Financial year 2013-14 was an extremely challenging one. It was the successive year of sub -5 % growth. The cut back in investments and slow momentum in infrastructure, telecom and energy sectors also contributed to the performance that was below expectations. Nevertheless, the company has been successful to a large extent in navigating this constrained business environment.

Today, the company faces many challenges. The profit has been impacted due to low volumes and diminishing margins. These testing times have given us the opportunity to consolidate our strength and identify new areas of future growth and opportunities and leverage on the intrinsic capabilities to build strong foundation for the future. The company has ventured into new product lines and has developed many new samples / prototypes for our customers, which are expected to be converted into orders in the coming days. In order to minimize the financial cost, the company has disposed off one of its idle landed properties and utilized the entire proceeds to reduce the loans.

The industrial climate is improving and the rating agencies have upgraded the Indian economy from a negative to neutral territory. The World Bank, IMF and other world economic bodies have projected Indian economy to grow 5.6% in 2014-15 and 6.5 to 7% in 2015-16.These positive developments will yield good results and the company is expected to be back on profit making mode.

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10212950	25/09/2010 *	201,000,000.00	Punjab National Bank	Fountain Chowk, Gurgaon, Haryana - 122001, INDIA	A96232244
2	10163421	12/04/2012 *	160,000,000.00	PUNJAB NATIONAL BANK	Fountain Chowk, Gurgaon, Haryana - 122001, INDIA	B36896819

* Date of charge modification

FIXED ASSETS

· Land

· Buildings

· Plant and equipment

· Furniture and fixtures

· Vehicles

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.62.75
UK Pound	1	Rs.94.60
Euro	1	Rs.67.10

INFORMATION DETAILS

Analysis Done by :	KAR
Report Prepared by :	ART

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILITY	1~10	-
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--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		27

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.