MIRA INFORM REPORT

Report No. :	319601
Report Date :	02.05.2015

IDENTIFICATION DETAILS

Name :	M AND V MARKETING AND SALES PRIVATE LIMITED
Registered Office :	205, Jain Bhawan, 18/12, Wea Karol Bagh, New Delhi - 110005
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	17.01.2006
Com. Reg. No.:	55-144923
Capital Investment / Paid-up Capital :	Rs.0.703 Million
CIN No.: [Company Identification No.]	U51909DL2006PTC144923
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	Not Available
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is engaged in the business of providing consultancy and management services.
No. of Employees :	Not Available

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

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. Trade relations are reported as fair. Business is active. Payments 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	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

NOT AVAILABLE

RBI DEFAULTERS’ LIST STATUS

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

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2014.

LOCATIONS

Registered Office :	205, Jain Bhawan, 18/12, Wea Karol Bagh, New Delhi – 110005, India
Tel. No. :	Not Available
Fax No. :	Not Available
E-Mail :	dhrub.t@mv-india.com info@mv-india.com accounts@mv-india.com
Website :	www.mv-india.com
Head Office :	Plot No. 52, Udyog Vihar, Phase – VI, Sector-37, Gurgaon – 122001, Haryana, India
Tel No.:	91-124-4121600 / 4121662 / 4342302
Branch Office :	Located At: Mumbai Pune Bangalore Chennai
Overseas Office :	Located At: Cologne, Germany

DIRECTORS

As on 30.09.2014

Name :

Klaus Maier

Designation :

Managing Director

Address :

106 A-1, Sainik Farms, New Delhi - 110062, India

Date of Birth/Age :

14.11.1966

Date of Appointment :

05.07.2007

DIN No. :

00876216

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	U64100DL2000PTC108556	MANDV MARKET DEVELOPMENT SERVICES PRIVATE LIMITED.	Managing director	02-01-2008	01-10-2004	-	Active	NO
2	U51909DL2005PTC132991	GUETERMANN INDIA PRIVATE LIMITED	Alternate director	16-03-2005	16-03-2005	31-08-2008	Active	NO
3	U74999TG2007PTC052806	BHS-Sonthofen (India) Private Limited	Director	02-04-2007	02-04-2007	10-08-2010	Active	NO
4	U51909DL2006PTC144923	M AND V Marketing and Sales Private Limited	Managing director	28-12-2007	05-07-2007	-	Active	NO
5	U52100DL2007FTC166555	SCHMERSAL INDIA PRIVATE LIMITED	Director	15-06-2009	09-07-2008	29-03-2010	Active	NO
6	U72900DL2013PTC260569	Sassafras Infotech Private Limited	Director	23-11-2013	23-11-2013	-	Active	NO
7	U74999TN2008PTC068552	LEISTER TECHNOLOGIES INDIA PRIVATE LIMITED	Director	17-07-2014	17-07-2014	-	Active	NO

Name :

Francesco Motka

Designation :

Director

Address :

Oskar Von Miller Str. 16, Frankfurt Am Main, 60314, Germany

Date of Birth/Age :

06.10.1953

Date of Appointment :

21.08.2008

DIN No. :

02242498

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	U51909DL2006PTC144923	M AND V Marketing and Sales Private Limited	Director	30-09-2008	21-08-2008	-	Active	NO
2	U64100DL2000PTC108556	MANDV MARKET DEVELOPMENT SERVICES PRIVATE LIMITED.	Director	30-09-2008	22-08-2008	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2014

Names of Shareholders	No. of Shares	%age
Maier UND Vidorno GMBH, Germany	60280	85.77
M and V Market Development Services Private Limited, India	10000	14.23
Total	70280	100.00

As on 30.09.2014

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	85.77
Bodies corporate	14.23
Total	100.00

BUSINESS DETAILS

Line of Business :	Subject is engaged in the business of providing consultancy and management services.
Products :	v Electrical Power Tools v Rotary Drills v Impact Drills v Rotary Hammers v Angle Grinders v Saws v Sanders v Screwdrivers
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Available
Imports :	Not Available
Terms :	Not Available

PRODUCTION STATUS – NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

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

Customers :

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

No. of Employees :

Not Available

Bankers :

Axis Bank Limited, SG 21 and 22, DLF Galleria Shopping Complex, DLF City, Phase-Iv, Gurgaon - 122002, Haryana, India

Facilities :

PARTICULAR	31.03.2014 (Rs. In Millions)	31.03.2013 (Rs. In Millions)
LONG TERM BORROWINGS
Car Loan	0.981	1.733
Total	0.981	1.733

Auditors :
Name :	Surendra and Associates Chartered Accountants
Address :	205, CA Chambers, 18/12, W.E.A. Karol Bagh, New Delhi – 110005, India
Tel. No. :	91-11-28759458 / 28750458 / 42502692
Mobile No. :	91-9811080323
E-Mail :	skdiwan@surendradiwan.com
Website :	www.surendradiwan.com
PAN No. :	AEDPP3297D
Memberships :	--
Collaborators :	--
Associates / Subsidiaries :	Not Available

CAPITAL STRUCTURE

As on 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
250000	Equity Shares	Rs.10/- each	Rs.2.500 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
70280	Equity Shares	Rs.10/- each	Rs.0.703 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

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	0.703	0.702	0.703
(b) Reserves & Surplus	141.375	129.708	103.140
(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)	142.078	130.410	103.843
(3) Non-Current Liabilities
(a) long-term borrowings	0.981	1.733	1.893
(b) Deferred tax liabilities (Net)	(0.860)	2.183	1.516
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	12.918	19.769	22.236
Total Non-current Liabilities (3)	13.039	23.685	25.645
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	133.003	111.316	118.490
(c) Other current liabilities	10.519	10.302	8.070
(d) Short-term provisions	0.000	0.000	0.000
Total Current Liabilities (4)	143.522	121.618	126.560
TOTAL	298.639	275.713	256.048
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	46.766	41.603	60.358
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.000	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	35.132	7.294	0.000
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	81.898	48.897	60.358
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	59.978	51.282	63.820
(c) Trade receivables	71.986	70.052	64.595
(d) Cash and cash equivalents	60.529	73.020	49.361
(e) Short-term loans and advances	24.248	32.462	17.914
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	216.741	226.816	195.690
TOTAL	298.639	275.713	256.048

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Revenue from operations	499.055	509.674	479.775
		Other Income	8.047	8.238	5.838
		TOTAL	507.102	517.912	485.613
Less	EXPENSES
		TOTAL	492.017	474.266	434.681
	PROFIT/ (LOSS) BEFORE TAX		15.085	43.646	50.932
Less	TAX		3.418	15.600	15.477
	PROFIT/ (LOSS) AFTER TAX		11.667	28.046	35.455
	EARNING IN FOREIGN CURRENCY		148.627	169.198	190.620
	Earnings / (Loss) Per Share (Rs.)		166.00	399.00	504.00

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT/Sales)	(%)	2.34	5.50	7.39
Return on Total Assets (PBT/Total Assets}	(%)	5.05	15.83	19.89
Return on Investment (ROI) (PBT/Networth)		0.11	0.33	0.49
Debt Equity Ratio (Total Debt/Networth)		0.01	0.01	0.02
Current Ratio (Current Asset/Current Liability)		1.51	1.86	1.55

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	0.703	0.702	0.703
Reserves & Surplus	103.140	129.708	141.375
Net worth	103.843	130.410	142.078
long-term borrowings	1.893	1.733	0.981
Short term borrowings	0.000	0.000	0.000
Total borrowings	1.893	1.733	0.981
Debt/Equity ratio	0.018	0.013	0.007

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Revenue from operations	479.775	509.674	499.055
		6.232	(2.083)

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Revenue from operations	479.775	509.674	499.055
Profit	35.455	28.046	11.667
	7.39%	5.50%	2.34%

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	No
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	No

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10100101	30/04/2008	9,000,000.00	AXIS BANK LTD.	SG 21 & 22, DLF GALLERIA SHOPPING COMPLEX, DLF C ITY, PHASE-IV, GURGAON, Haryana - 122002, INDIA	A37123841

COMPANY INFORMATION

Subject is a 100% subsidiary of Maier + Vidorno GmbH. The company was incorporated on 17th January 2006. The company is in the business of providing consultancy and management services to the German overseas companies which are establishing their new venture in India.

FIXED ASSETS

v Building

v Computer

v Software

v Furniture

v Fixture

v Mobile phone

v Office Equipment

v Motor 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.63.58
UK Pound	1	Rs.97.99
Euro	1	Rs.70.53

INFORMATION DETAILS

Analysis Done by :	KAR
Report Prepared by :	ANK

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
-- PROFITABILITY	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	NO
--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.