MIRA INFORM REPORT

Report No. :	320921
Report Date :	07.05.2015

IDENTIFICATION DETAILS

Name :		ANAND NVH PRODUCTS PRIVATE LIMITED

Formerly Known As :		AMP MOULDING PRIVATE LIMITED

Tel. No.:	91-124-4030580

Registered Office :		F – 3/5, Vasant Vihar, New Delhi – 110057

Country :		India

Financials (as on) :		31.03.2014

Date of Incorporation :		07.06.1988

Com. Reg. No.:		55-031984

Capital Investment / Paid-up Capital :		Rs. 13.200 Million

CIN No.: [Company Identification No.]		U74899DL1988PTC031984

TAN No.: [Tax Deduction & Collection Account No.]		DELA12466G

PAN No.: [Permanent Account No.]		AAECA0297J

Legal Form :		Private Limited Liability Company

Line of Business :		Manufacturer, Exporter of rubber of metal bonded automotive components and operates as a 100% Exporter Oriented Unit (100% EOU).

No. of Employees :		400 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (48)

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

Maximum Credit Limit :	USD 1480000

Status :	Satisfactory

Payment Behaviour :	Usually Correct

Litigation :	Clear

Comments :	Subject is an established company having satisfactory track. Trade relations are fair. Business is active. Payment terms are reported to be usually correct. The company can be considered for 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	ICRA
Rating	--
Rating Explanation	ICRA has withdrawn the rating for bank facilities of the subject. However, the grade assigned to the same could not be confirmed.
Date	June, 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 PARTED BY (GENERAL DETAILS)

Name :	Mr. Subroto
Designation :	Senior Manager
Contact No.:	91-124-4030580
Date :	04.05.2015

LOCATIONS

Registered Office :	F – 3/5, Vasant Vihar, New Delhi – 110057, India
Tel. No.:	91-124-4030580
Fax No.:	Not Available
E-Mail :	sbaneryee@anandnvh.com
Website :	http://anandnvh.com

Administrative Office/ Factory :	39 KM Stone, N H – 8, Begumpur Khatola Industrial Area, Sector 35, Gurgaon - 122001, Haryana, India
Tel. No.:	91-124-24030580 to 84
Fax No.:	91-124-24030585/ 24030586
E-Mail :	anp@vsnl.net kanand@anandnvh.com info@anandnuh.com

Delhi Office :	‘Anbros House’, 25/31 East Patel Nagar, New Delhi – 110 008, Delhi, India
Tel. No.:	91-11-41698397
E-Mail :	kromex@vsnl.com

DIRECTORS

AS ON 27.09.2014

Name :

Mr. Bhupinder Singh Anand

Designation :

Director

Address :

E – 7, Pushpanjali Farms Bijwasan, New Delhi – 110061, India

Date of Birth/Age :

09.08.1943

Date of Appointment :

06.01.1997

PAN No.:

AAJPA1189R

DIN No.:

00025211

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	U74899DL1988PTC031984	ANAND NVH PRODUCTS PRIVATE LIMITED	DIRECTOR	06-01-1997	06-01-1997	-	ACTIVE	NO
2	U25199DL1998PTC097260	ANAND MOTOR PRODUCTS PRIVATE LIMITED	DIRECTOR	10-12-2010	01-12-1998	31-03-2014	ACTIVE	NO
3	U50300DL1999PTC099730	AMP OVERSEAS PRIVATE LIMITED	DIRECTOR	12-05-1999	12-05-1999	31-03-2014	ACTIVE	NO
4	U70101DL2005PTC139332	BRIGHTDAY PROPERTIES PRIVATE LIMITED	DIRECTOR	06-06-2006	06-06-2006	12-12-2007	ACTIVE	NO
5	U34300DL1997PTC090934	KROMEX INTERNATIONAL PRIVATE LIMITED	DIRECTOR	01-04-2007	01-04-2007	-	ACTIVE	NO
6	U25200DL2008PTC175179	ZF ANAND NVH PRODUCTS PRIVATE LIMITED	DIRECTOR	11-03-2008	11-03-2008	-	ACTIVE	NO
7	U34103DL2009PTC195418	AMP MOTORS PRIVATE LIMITED	ADDITIONAL DIRECTOR	24-10-2009	24-10-2009	31-03-2014	ACTIVE	NO
8	U70109DL2012PTC231927	AMP INFRATECH PRIVATE LIMITED	DIRECTOR	23-02-2012	23-02-2012	31-03-2014	ACTIVE	NO
9	U50401DL2012PTC233933	AMP BESPOKE PRIVATE LIMITED	DIRECTOR	02-04-2012	02-04-2012	31-03-2014	ACTIVE	NO
10	U74899DL1994PTC057283	SAI SAHIBA PRIVATE LIMITED	DIRECTOR	25-09-2014	23-04-2013	-	ACTIVE	NO
11	U70102DL2014PTC263040	ADOBE PROPERTIES PRIVATE LIMITED	DIRECTOR	03-01-2014	03-01-2014	-	ACTIVE	NO
12	U45201DL2005PTC135958	NIAMAT ESTATES PRIVATE LIMITED	DIRECTOR	30-09-2014	31-03-2014	-	ACTIVE	NO
13	U45400DL2008PTC175123	K S INFOTECH PRIVATE LIMITED	DIRECTOR	30-09-2014	31-03-2014	-	ACTIVE	NO
14	U74120DL2008PTC175505	KSSHP INFORMATION TECHNOLOGIES PRIVATE LIMITED	DIRECTOR	30-09-2014	31-03-2014	-	ACTIVE	NO

Name :

Mr. Kanwar Deep Anand

Designation :

Director

Address :

H 5/2, Model Town, New Delhi – 110009, India

Date of Birth/Age :

04.08.1972

Date of Appointment :

06.01.1997

PAN No.:

AAEPA8811H

DIN No.:

00025235

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	U74899DL1988PTC031984	ANAND NVH PRODUCTS PRIVATE LIMITED	DIRECTOR	06-01-1997	06-01-1997	-	ACTIVE	NO
2	U34300DL1997PTC090934	KROMEX INTERNATIONAL PRIVATE LIMITED	DIRECTOR	02-12-1997	02-12-1997	-	ACTIVE	NO
3	U25199DL1998PTC097260	ANAND MOTOR PRODUCTS PRIVATE LTD.	DIRECTOR	01-12-1998	01-12-1998	10-09-2008	ACTIVE	NO
4	U50300DL1999PTC099730	AMP OVERSEAS PRIVATE LIMITED	DIRECTOR	12-05-1999	12-05-1999	31-03-2014	ACTIVE	NO
5	U25199DL2003PTC119110	ANAND INDUSTRIAL PRODUCTS PRIVATE LIMITED	DIRECTOR	24-02-2003	24-02-2003	-	ACTIVE	NO
6	U70101DL2005PTC139332	BRIGHTDAY PROPERTIES PRIVATE LIMITED	DIRECTOR	06-06-2006	06-06-2006	12-12-2007	ACTIVE	NO
7	U28910DL2006PTC157193	LEGEND PRECISION SCREWS PRIVATE LIMITED	DIRECTOR	09-02-2007	09-02-2007	-	ACTIVE	NO
8	U51502DL2007PTC163634	K. S. AUTOMOTIVE PRIVATE LIMITED	DIRECTOR	18-05-2007	18-05-2007	-	ACTIVE	NO
9	U25209DL2007PTC163646	SKA AUTOMOTIVE PRIVATE LIMITED	DIRECTOR	18-05-2007	18-05-2007	-	ACTIVE	NO
10	U72300DL2008PTC172842	PRERNA COMPUSOFT PRIVATE LIMITED	DIRECTOR	18-01-2008	18-01-2008	-	STRIKE OFF	NO
11	U45200DL2007PTC171694	GREENLAND INFRATECH PRIVATE LIMITED	DIRECTOR	18-01-2008	18-01-2008	-	STRIKE OFF	NO
12	U25200DL2008PTC175179	ZF ANAND NVH PRODUCTS PRIVATE LIMITED	DIRECTOR	11-03-2008	11-03-2008	-	ACTIVE	NO
13	U45400DL2008PTC175123	K S INFOTECH PRIVATE LIMITED	DIRECTOR	11-03-2008	11-03-2008	-	ACTIVE	NO
14	U74120DL2008PTC175505	KSSHP INFORMATION TECHNOLOGIES PRIVATE LIMITED	DIRECTOR	18-03-2008	18-03-2008	-	ACTIVE	NO
15	U74899DL1994PTC057283	SAI SAHIBA PRIVATE LIMITED	DIRECTOR	25-09-2014	23-04-2013	-	ACTIVE	NO

Name :

Mr. Savneet Anand

Designation :

Director

Address :

H 5/2, Model Town, New Delhi – 110009, India

Date of Birth/Age :

27.12.1971

Date of Appointment :

01.04.2003

PAN No.:

AAJPA6913F

DIN No.:

00208319

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	U34300DL1997PTC090934	KROMEX INTERNATIONAL PRIVATE LIMITED	DIRECTOR	01-12-1997	01-12-1997	-	ACTIVE	NO
2	U74899DL1988PTC031984	ANAND NVH PRODUCTS PRIVATE LIMITED	DIRECTOR	01-04-2003	01-04-2003	-	ACTIVE	NO
3	U25199DL2003PTC119110	ANAND INDUSTRIAL PRODUCTS PRIVATE LIMITED	DIRECTOR	08-04-2005	08-04-2005	-	ACTIVE	NO
4	U45201DL2005PTC135958	NIAMAT ESTATES PRIVATE LIMITED	DIRECTOR	09-05-2005	09-05-2005	-	ACTIVE	NO
5	U70101DL2005PTC139332	BRIGHTDAY PROPERTIES PRIVATE LIMITED	DIRECTOR	06-06-2006	06-06-2006	12-12-2007	ACTIVE	NO
6	U28910DL2006PTC157193	LEGEND PRECISION SCREWS PRIVATE LIMITED	DIRECTOR	09-02-2007	09-02-2007	02-09-2011	ACTIVE	NO
7	U51502DL2007PTC163634	K. S. AUTOMOTIVE PRIVATE LIMITED	DIRECTOR	18-05-2007	18-05-2007	-	ACTIVE	NO
8	U25209DL2007PTC163646	SKA AUTOMOTIVE PRIVATE LIMITED	DIRECTOR	18-05-2007	18-05-2007	-	ACTIVE	NO
9	U25200DL2008PTC175179	ZF ANAND NVH PRODUCTS PRIVATE LIMITED	DIRECTOR	13-03-2008	13-03-2008	-	ACTIVE	NO
10	U74899DL1994PTC057283	SAI SAHIBA PRIVATE LIMITED	DIRECTOR	25-09-2014	23-04-2013	-	ACTIVE	NO

KEY EXECUTIVES

Name :	Mr. Subroto
Designation :	Senior Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 27.09.2014

Names of Shareholders	No. of Shares	Percentage of Holding
Bhupinder Singh Anand	50020	22.33
Inderjeet Kaur Anand	5100	2.28
Kanwardeep Singh Anand	44680	19.95
Savneet Kaur Anand	200	0.09
Kromex International Private Limited, India	124000	55.36
Total	224000	100.00

NOTE: 1,00,000 Equity Shares of Rs. 100 each and Rs. 8 Called and paid up

AS ON 27.09.2014

Equity Share Breakup	Percentage of Holding
Category
Bodies corporate	19.35
Directors or relatives of directors	80.65

Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer, Exporter of rubber of metal bonded automotive components and operates as a 100% Exporter Oriented Unit (100% EOU).

Products/ Services :	· Strut Mounts · Body Mounts · Transmission Mounting · Control Arm Bushes · Suspension Arm Bushes · Trailing and Link Arm Bushes, etc.

Brand Names :	--

Agencies Held :	--

Exports :	Not Divulged

Imports :	--

Terms :	Not Divulged

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference:	Not Divulged
Name of the Person (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Maximum limit dealt:	Not Divulged
Experience:	Not Divulged
Remark	Not Divulged

Customers :

Manufacturer

· Mack Trucks

· Renault trucks

· Scania

· Tenneco Automotive

· ThyssenKrupp

· Shanghai GM

· SAF Holland

· RW

· BMW

· Sona Group

Reference:	Not Divulged
Name of the Person (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Maximum limit dealt:	Not Divulged
Experience:	Not Divulged
Remark	Not Divulged

No. of Employees :

400 (Approximately)

Bankers :

Bank Name:	HDFC Bank Limited
Branch:	HDFC Bank House Senapati Bapat Marg, Lower Parel West, Mumbai - 400013, Maharashtra, India
Person Name (with Designation):	Not Divulged
Contact Number:	Not Divulged
Name of Account Holder:	Not Divulged
Account Number:
Account Since (Date/ Year of A/c Opening):	Not Divulged
Average Balance Maintained (Optional):	Not Divulged
Credit Facilities Enjoyed (CC/OD/Term Loan):	Not Divulged
Account Operation:	Not Divulged
Remarks:	Not Divulged

· Yes Bank Limited, Nehru Center, 9th Floor, Discovery Of India, Dr A B Road, Worli, Mumbai - 400018, Maharashtra, India

· Syndicate Bank, I P Estate, 4,Bsz Marg, New Delhi - 110002, India

Facilities :

SECURED LOANS	31.03.2014 (Rs. In Million)	31.03.2013 (Rs. In Million)
LONG-TERM BORROWINGS
Rupee Term Loans from Banks	410.090	400.786
Other Loans and Advances (Vehicle Loan Secured)	16.447	4.470
SHORT TERM BORROWINGS
Working capital loans from banks (Nature of Security: Working Capital Limits are secured by hypothecation of all current assets including paid stock, book debts and Plant and Machinery and equitable mortgage of factory premises as collateral security)	240.239	179.726
Total	666.776	584.982


Banking Relations :	--

Auditors :
Name :	S. P. Nagrath and Company Chartered Accountants
Address :	A-380 Defence, Colony, New Delhi-110024, India
Income-tax PAN of auditor or auditor's firm :	AAAFS6635B

Associates:	· Kromex International Private Limited, India [U34300DL1997PTC090934] · ZF Anand Nvh Products Private Limited, India [U25200DL2008PTC175179] · Anand Motor Products Private Limited, India [U25199DL1998PTC097260] · Niamat Estates Private Limited, India [U45201DL2005PTC135958] · Amp Motors Private Limited, India [U34103DL2009PTC195418] · Anand Industrial Products Private Limited, India [U25199DL2003PTC119110]

CAPITAL STRUCTURE

AS ON 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount

290,000	Equity Shares	Rs. 100/- each	Rs. 29.000 Million

Issued Capital :

No. of Shares	Type	Value	Amount

224,000	Equity Shares	Rs. 100/- each	Rs. 22.400 Million

Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

1,24,000	Equity Shares (Subscribed fully paid up)	Rs. 100 /- each	Rs. 12.400 Million
1,00,000	Equity Shares (Subscribed not fully paid up)	Rs. 8/- each	Rs. 0.800 Million

	Total		Rs. 13.200 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	13.200	12.400	12.400
(b) Reserves & Surplus	507.570	356.696	387.636
(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)	520.770	369.096	400.036

(3) Non-Current Liabilities
(a) Long-term borrowings	426.537	405.256	210.941
(b) Deferred tax liabilities (Net)	18.938	19.339	21.862
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	4.647	4.806	9.878
Total Non-current Liabilities (3)	450.122	429.401	242.681

(4) Current Liabilities
(a) Short term borrowings	240.239	245.926	181.533
(b) Trade payables	127.142	164.560	209.664
(c) Other current liabilities	111.723	112.823	152.446
(d) Short-term provisions	6.697	11.252	18.714
Total Current Liabilities (4)	485.801	534.561	562.357

TOTAL	1456.693	1333.058	1205.074

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	565.808	445.215	252.172
(ii) Intangible Assets	0.445	2.129	0.692
(iii) Capital work-in-progress	8.076	0.165	19.816
(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)	174.261	0.000	0.000
(d) Long-term Loan and Advances	22.459	3.816	15.015
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	771.049	451.325	287.695

(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	362.603	417.098	343.830
(c) Trade receivables	140.460	171.919	198.313
(d) Cash and cash equivalents	59.584	139.876	140.977
(e) Short-term loans and advances	122.997	152.840	234.259
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	685.644	881.733	917.379

TOTAL	1456.693	1333.058	1205.074

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	TURNOVER	1942.002	1727.341	1483.702

Less	EXPENSES	NA	NA	NA

	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	307.257	277.209	244.164

Less	FINANCIAL EXPENSES	79.744	51.115	42.405

	PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	227.513	226.094	201.759

Less/ Add	DEPRECIATION/ AMORTISATION	45.858	38.477	31.638

	PROFIT/ (LOSS) BEFORE TAX	181.655	187.617	170.121

Less	TAX	66.446	60.030	52.059

	PROFIT/ (LOSS) AFTER TAX	115.209	127.587	118.062

	EARNINGS IN FOREIGN CURRENCY	1496.316	1328.341	1312.188

	IMPORTS	319.265	394.557	292.837

	Earnings Per Share (Rs.)	0.87	0.97	0.89

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT/Sales)	(%)	5.93	7.39	7.96

Operating Profit Margin (PBDIT/Sales)	(%)	15.82	16.05	16.46

Return on Total Assets (PBT/Total Assets}	(%)	26.49	21.28	14.35

Return on Investment (ROI) (PBT/Networth)		0.35	0.51	0.43

Debt Equity Ratio (Total Debt/Networth)		1.28	1.76	0.98

Current Ratio (Current Asset/Current Liability)		1.41	1.65	1.63

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	12.400	12.400	13.200
Reserves & Surplus	387.636	356.696	507.570
Net worth	400.036	369.096	520.770

long-term Borrowings	210.941	405.256	426.537
Short-term Borrowings	181.533	245.926	240.239
Total borrowings	392.474	651.182	666.776
Debt/Equity ratio	0.981	1.764	1.280

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)
Turnover	1483.702	1727.341	1942.002
		16.421	12.427

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Turnover	1483.702	1727.341	1942.002
Profit	118.062	127.587	115.209
	7.96%	7.39%	5.93%

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	Yes
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	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10440040	18/04/2013	200,000,000.00	YES BANK LIMITED	NEHRU CENTER, 9^TH FLOOR, DISCOVERY OF INDIA, DR A B ROAD, WORLI, MUMBAI - 400018, MAHARASHTRA, INDIA	B78211430
2	10277224	24/06/2013 *	752,700,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI - 400013, MAHARASHTRA, INDIA	B78130853

* Date of charge modification

UNSECURED LOANS

UNSECURED LOANS	31.03.2014 (Rs. In Million)	31.03.2013 (Rs. In Million)
SHORT TERM BORROWINGS
Loans and Advances from Related parties	0.000	66.200
Total	0.000	66.200

OPERATIONS

The performance of the company has improved as compared to last year. Gross turnover of the Company has increased by 11.79%. Efforts are being made towards better resource utilization, credit control policies and improvement in the sales mix. The Company is constantly innovating its approach towards delivering customer satisfaction, increasing operational effectiveness and putting in its best effort to keep abreast with the latest development in the market.

BACKGROUND

Anand NVH Products Private Limited has established manufacturing facilities at Gurgaon in 2002 for international markets. The Company primarily is a manufacturer and exporter of Rubber to metal bonded automotive components and operates as a 100% Export Oriented Unit (100% EOU).From financial year 2010-11 onwards, the Company has started selling goods in domestic market also to the extent permitted as per Foreign Trade Policy.

FIXED ASSETS:

Tangible Assets

· Land

· Buildings

· Plant and equipment

· Furniture and Fixtures

· Vehicles

· Other Equipments

· Office Equipment

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. 63.88
UK Pound	1	Rs. 97.21
Euro	1	Rs. 72.51

INFORMATION DETAILS

Information Gathered by :	KMN

Analysis Done by :	SUB

Report Prepared by :	ARC

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	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	4
--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		45

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.