MIRA INFORM REPORT

Report No. :	321235
Report Date :	09.05.2015

IDENTIFICATION DETAILS

Name :	JOHNSON CONTROLS PRICOL PRIVATE LIMITED
Formerly Known as :	PRICOL PUNE PRIVATE LIMITED (w.e.f. 30.04.2012) PRICOL PUNE LIMITED
Registered Office :	Survey No. 1065 and 1066, Pirangut, Taluka Mulshi, Pune - 412108, Maharashtra
Tel No :	91-20-39115074/ 22923901
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	18.05.2011
Com. Reg. No.:	11-139594
Capital Investment / Paid-up Capital :	Rs.100.000 Million
CIN No.: [Company Identification No.]	U34200PN2011PTC139594
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	AAGCP0139E
PAN No.: [Permanent Account No.]	Not Available
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Automobile Parts like, Speed Sensor, Oil Pumps, Fuel Feed Pumps etc.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

Ba (46)

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

Maximum Credit Limit :	USD 1700000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is a well-established company having satisfactory track record. Moreover, erstwhile it was a 50:50 joint venture between “Pricol Limited” and “Johnson Controls Enterprise limited” which has been terminated wef April 15, 2015 wherein the “Pricol Limited” bought Johnson Controls 50% stake, subsequent to which the subject become the wholly subsidiary of “Pricol Limited" Trade relations are fair. Business is active. Payment terms are reported as usually correct. In view of establishing and demonstrated parentage, 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	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	Not Available
Rating	Not Available
Rating Explanation	Not Available
Date	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.

INFORMATION DENIED

Management non co-operative (91-20-39115074)

LOCATIONS

Registered Office/ Factory :	Survey No. 1065 and 1066, Pirangut, Taluka Mulshi, Pune - 412108, Maharashtra, India
Tel. No.:	91-20-39115074/ 22923901
Fax No.:	91-20-22923911
E-Mail :	srinivasanb@pricol.co.in srinivasan.balaraman@jcppl.com
Website :	www.pricol.com

DIRECTORS

As on : 12.09.2014

Name :

Mr. Vijay Mohan

Designation :

Director

Address :

‘'Shrimayi", New No 232, Old No 170, Tea Estates, Race Course, Coimbatore – 641018, Tamilnadu, India

Date of Birth/Age :

11.10.1947

Date of Appointment :

18.05.2011

DIN No.:

00001843

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	L33129TZ1972PLC000641	PRICOL LIMITED	Director	02/08/2013	18/02/1974	-	Active	NO
2	U65921TZ1981PLC001043	PRICOL HOLDINGS LIMITED	Director	19/08/1981	19/08/1981	-	Active	NO
3	L35999TN1964PLC005276	RANE BRAKE LININGS LIMITED	Director	27/06/1986	27/06/1986	-	Amalgamated	NO
4	L17111TZ1962PLC001183	PRECOT MERIDIAN LIMITED	Director	11/12/1991	11/12/1991	-	Active	NO
5	U02511TZ1992PTC003755	BHAVANI INFIN SERVICES INDIA PRIVATE LIMITED	Director	07/05/1992	07/05/1992	19/10/2011	Active	NO
6	U02102TZ1999PLC008898	PPL ENTERPRISES LIMITED	Director	17/06/1999	17/06/1999	-	Active	NO
7	U29308TZ2002PLC010356	XENOS AUTOMOTIVE LIMITED	Whole-time director	03/12/2013	06/11/2002	-	Amalgamated	NO
8	U72200TG2004PLC078933	SYNORO TECHNOLOGIES LIMITED	Director	15/12/2004	15/12/2004	17/04/2010	Active	NO
9	U02922TZ1994PLC005583	Pricol Castings Limited	Director	18/08/2006	11/06/2005	-	Active	NO
10	U70101TZ2005PTC011769	PRIANA ENTERPRISES INDIA Private Limited	Director	13/01/2006	13/01/2006	05/09/2008	Active	NO
11	U00113TZ1996PLC007639	PRICOL TECHNOLOGIES LIMITED	Director	13/01/2006	13/01/2006	-	Active	NO
12	U45201TZ2006PLC012518	PRICOL PROPERTIES LIMITED	Director	27/01/2006	27/01/2006	-	Active	NO
13	U32104TZ2007PLC014032	ANANYA INNOVATIONS LIMITED	Director	21/11/2007	21/11/2007	-	Strike off	NO
14	L63011TN2004PLC054948	RANE BRAKE LINING LIMITED	Additional director	06/02/2008	06/02/2008	26/05/2008	Active	NO
15	L35999TN1936PLC002202	RANE HOLDINGS LIMITED	Director	30/07/2008	09/06/2008	17/08/2009	Active	NO
16	U33112TZ2008PLC014635	PRICOL MEDICAL SYSTEMS LIMITED	Director	14/07/2008	14/07/2008	-	Amalgamated	NO
17	U34200PN2011PTC139594	JOHNSON CONTROLS PRICOL PRIVATE LIMITED	Director	18/05/2011	18/05/2011	-	Active	NO
18	U34300TZ2012PTC018659	DENSO AUTO BODY PARTS INDIA PRIVATE LIMITED	Director	22/08/2012	22/08/2012	24/04/2013	Active	NO

Name :

Mr. Vikram Mohan

Designation :

Director

Address :

No.1, East End, Kallimadai Road, Singanallur, Coimbatore – 641005, Tamilnadu, India

Date of Birth/Age :

23.05.1975

Date of Appointment :

18.07.2013

DIN No.:

00089968

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	U00113TZ1996PLC007244	PRIME AGRI SOLUTIONS (INDIA) LIMITED	Director	14/01/2000	14/01/2000	-	Strike off	NO
2	U63040TZ2002PLC010019	PRICOL TRAVEL LIMITED	Director	24/01/2002	24/01/2002	-	Active	NO
3	U02102TZ1999PLC008898	PPL ENTERPRISES LIMITED	Director	31/07/2002	31/07/2002	-	Active	NO
4	U63040TZ2004PLC011141	PRIARA ENTERPRISES LIMITED	Director	14/05/2004	14/05/2004	-	Strike off	NO
5	U02102TZ2004PLC011345	M AND M ENTERPRISES (INDIA) LIMITED	Director	16/09/2004	16/09/2004	-	Active	NO
6	U70101TZ2005PTC011769	PRIANA ENTERPRISES INDIA Private Limited	Director	29/04/2005	29/04/2005	05/09/2008	Active	NO
7	U45201TZ2006PLC012518	PRICOL PROPERTIES LIMITED	Director	27/01/2006	27/01/2006	-	Active	NO
8	U72200TZ2006PTC012569	CARCERANO PRICOLTECH (INDIA) PRIVATE LIMITED	Director	10/02/2006	10/02/2006	13/12/2013	Strike off	NO
9	U45201TZ2007PLC013596	Vascon Pricol Infrastructures Limited	Director	02/04/2007	02/04/2007	20/08/2014	Active	NO
10	U72200TG2004PLC078933	SYNORO TECHNOLOGIES LIMITED	Alternate director	24/01/2008	24/01/2008	06/10/2009	Active	NO
11	U02922TZ1994PLC005583	Pricol Castings Limited	Alternate director	24/01/2008	24/01/2008	11/01/2011	Active	NO
12	U29308TZ2002PLC010356	XENOS AUTOMOTIVE LIMITED	Director	30/09/2008	24/01/2008	05/01/2009	Amalgamated	NO
13	L33129TZ1972PLC000641	PRICOL LIMITED	Managing director	01/04/2013	29/05/2009	-	Active	NO
14	U00113TZ1996PLC007639	PRICOL TECHNOLOGIES LIMITED	Managing director	30/09/2011	05/06/2010	-	Active	NO
15	U65921TZ1981PLC001043	PRICOL HOLDINGS LIMITED	Director	29/09/2012	30/12/2011	-	Active	NO
16	U70200TZ2012PLC017978	PRINFRA LIMITED	Director	05/03/2012	05/03/2012	28/03/2014	Active	NO
17	U34300TZ2012PTC018659	DENSO AUTO BODY PARTS INDIA PRIVATE LIMITED	Director	18/09/2013	23/04/2013	17/03/2015	Active	NO
18	U34200PN2011PTC139594	JOHNSON CONTROLS PRICOL PRIVATE LIMITED	Director	18/07/2013	01/06/2013	-	Active	NO
19	U99999DL1959PLC176013	AUTOMOTIVE COMPONENT MANUFACTURERS ASSOCIATION OF INDIA	Director	05/09/2013	05/09/2013	-	Active	NO

Name :

Mr. Subbaiah Kokkalera Uthappa

Designation :

Director

Address :

Flat No. 406, Wing 16/1, Cambridge Road, Ulsoor, Bangalore – 560008, Karnataka, India

Date of Birth/Age :

21.06.1959

Date of Appointment :

18.07.2013

DIN No.:

00355548

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	U32109KA1998PTC040729	AUTOMOTIVE WIRING SYSTEMS PRIVATE LIMITED	Director	24/06/1999	24/06/1999	-	Amalgamated	NO
2	U31909KA1993PTC015007	TE Connectivity India Private Limited	Managing director	01/12/2002	01/12/2002	13/10/2011	Active	NO
3	U74999MH1984PTC033786	RAYCHEM-RPG Private Limited	Director	12/12/2002	12/12/2002	15/12/2011	Active	NO
4	U29299KL1995PLC009664	CII GUARDIAN INTERNATIONAL LIMITED	Director	23/01/2003	23/01/2003	04/11/2011	Active	NO
5	U72900KA2000PTC026408	PRECISION INTERCONNECT INDIA PRIVATE LIMITED	Director	08/09/2004	08/09/2004	-	Amalgamated	NO
6	U34200PN2011PTC139594	JOHNSON CONTROLS PRICOL PRIVATE LIMITED	Director	18/07/2013	23/06/2012	-	Active	NO
7	U34300TZ2012PTC018659	DENSO AUTO BODY PARTS INDIA PRIVATE LIMITED	Director	18/09/2013	23/04/2013	17/03/2015	Active	NO

Name :

Mr. Mitul Rustagi

Designation :

Director

Address :

L-411, Second Floor, Sarita Vihar, New Delhi – 110076, India

Date of Birth/Age :

29.07.1968

Date of Appointment :

26.03.2012

DIN No.:

03379848

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	U34300PN1996PLC015038	JOHNSON CONTROLS AUTOMOTIVE LIMITED	Director	26/09/2011	18/02/2011	30/01/2014	Active	NO
2	U34200PN2011PTC139594	JOHNSON CONTROLS PRICOL PRIVATE LIMITED	Director	20/06/2012	26/03/2012	-	Active	NO

Name :

Mr. Nijhon Chander

Designation :

Additional Director

Address :

5699, N Center Park Way, No. 419, Glendale, WI 53217

Date of Birth/Age :

03.01.1971

Date of Appointment :

30.12.2014

DIN No.:

06917090

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	U34200PN2011PTC139594	JOHNSON CONTROLS PRICOL PRIVATE LIMITED	Director	30/12/2014	04/07/2014	-	Active	NO

Name :

Mr. Michael Neal Jorritsma

Designation :

Director

Address :

14623, Hunters Trail, Holland – 494246374, United States of America

Date of Birth/Age :

05.11.1966

Date of Appointment :

30.12.2014

DIN No.:

06965349

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	U34200PN2011PTC139594	JOHNSON CONTROLS PRICOL PRIVATE LIMITED	Director	30/12/2014	08/09/2014	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Manas Champa Patra
Designation :	Secretary
Address :	Flat No. 803, Cosmos – Prime, Magarpatta, Hadapsar, Pune – 41103, Maharashtra, India
Date of Birth/Age :	12.02.1978
Date of Appointment :	01.12.2014
PAN No.:	CITPP9459F

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on : 12.09.2014

Names of Shareholders	No. of Shares	%age
Pricol Limited, India	5000000	50.00
Johnson Controls Enterprise Limited, United Kingdom	5000000	50.00
Total	10000000	100.00

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	50.00
Bodies corporate	50.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Automobile Parts like, Speed Sensor, Oil Pumps, Fuel Feed Pumps etc.

Products :

Product Description	Item Code No. (ITC Code)
Instrument Cluster	90268090

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 :

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	Indian bank
Branch Address	31 Vareity Hall Road, Coimbatore – 641001, Tamilnadu, 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
Term loan from bank	0.000	5.000
SHORT TERM BORROWING
Working capital loans from bank	80.000	0.000
Total	80.000	5.000

Auditors :
Name :	Deloitt Haskins and Sells Chartered Accountants
Address :	706, B Wing, 7^th Floor, ICC Trade Tower, International Convention Centre, Senapati Bapat Road, Pune – 411016, Maharashtra, India
PAN No.:	AABFD7919A
Memberships :	Not Available
Collaborators :	Not Available
Related Party :	Pricol Limited CIN No.: L33129TZ1972PLC000641

CAPITAL STRUCTURE

As on : 30.09.2014

Authorised Capital :

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

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10000000	Equity Shares	Rs.10/- each	Rs. 100.000 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	100.000	100.000	100.000
(b) Reserves & Surplus	510.570	649.320	684.716
(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)	610.570	749.320	784.716
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	5.000	57.500
(b) Deferred tax liabilities (Net)	1.090	1.090	0.344
(c) Other long term liabilities	0.000	1.760	1.089
(d) long-term provisions	2.150	0.000	0.000
Total Non-current Liabilities (3)	3.240	7.850	58.933
(4) Current Liabilities
(a) Short term borrowings	160.850	74.130	100.776
(b) Trade payables	265.230	192.230	154.698
(c) Other current liabilities	24.060	115.320	62.170
(d) Short-term provisions	7.680	0.980	0.212
Total Current Liabilities (4)	457.820	382.660	317.856
TOTAL	1071.630	1139.830	1161.505
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	495.540	489.840	482.290
(ii) Intangible Assets	178.670	238.740	298.621
(iii) Capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under development	27.610	1.190	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	10.900	3.230	1.554
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	712.720	733.000	782.465
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	155.850	150.240	116.853
(c) Trade receivables	177.580	233.650	208.293
(d) Cash and cash equivalents	1.980	1.000	51.279
(e) Short-term loans and advances	23.500	21.930	2.607
(f) Other current assets	0.000	0.010	0.008
Total Current Assets	358.910	406.830	379.040
TOTAL	1071.630	1139.830	1161.505

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	1029.610	1234.060	47.279
		Other Income	7.380	12.610	0.183
		TOTAL	1036.990	1246.670	47.462
Less	EXPENSES
		Cost of Materials Consumed		0.000	0.000
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade		(13.720)	0.000
		Other expenses		151.840	41.26
		TOTAL	1137.430	1172.960	41.260
Less	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		Including Depreciation and Financial Expenses	73.710	6.202
Less	FINANCIAL EXPENSES			22.760	1.873
	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION			50.950	4.329
Less/ Add	DEPRECIATION/ AMORTISATION			86.470	3.268
	PROFIT/(LOSS) BEFORE TAX		(100.440)	(35.520)	1.061
Less	TAX		38.300	(0.120)	0.344
	PROFIT/(LOSS) AFTER TAX		(138.740)	(35.400)	0.717
	Earnings Per Share (Rs.)		(13.87)	(3.54)	0.07

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT/Sales)	(%)	(13.48)	(2.87)	1.52
Operating Profit Margin (PBDIT / Sales)	(%)	(9.76)	5.97	13.12
Return on Total Assets (PBT/Total Assets}	(%)	(9.62)	(3.12)	0.09
Return on Investment (ROI) (PBT/Networth)		(0.16)	(0.05)	0.00
Debt Equity Ratio (Total Debt /Networth)		0.26	0.11	0.20
Current Ratio (Current Asset/Current Liability)		0.78	1.06	1.19

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	100.000	100.000	100.000
Reserves & Surplus	684.716	649.320	510.570
Net worth	784.716	749.320	610.570
long-term borrowings	57.500	5.000	0.000
Short term borrowings	100.776	74.130	160.850
Total borrowings	158.276	79.130	160.850
Debt/Equity ratio	0.202	0.106	0.263

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	47.279	1234.060	1029.610
		2,510.165	(16.567)

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	47.279	1234.060	1029.610
Profit	0.717	(35.400)	(138.740)
	1.52%	(2.87%)	(13.48%)

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
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	No

UNSECURED LOAN

(Rs. In Million)

Particulars	As on 31.03.2014	As on 31.03.2013
SHORT TERM BORROWING
Other loans and advances	80.790	74.130
Total	80.790	74.130

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10363014	09/02/2015 *	220,000,000.00	Indian Bank	COIMBATORE MAIN BRANCH, 31 VARIETY HALL ROAD, COIMBATORE, Tamil Nadu - 641001, INDIA	C45647625

* Date of charge modification

FIXED ASSETS

Tangible Assets

· Land

· Buildings

· Plant and Equipment

· Furniture and Fixtures

· Vehicles

· Motor Vehicles

· Office Equipment

Intangible Assets

· Goodwill

· 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 exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

6] Records on Int’l Anti-Money Laundering Laws/Standards :

Charges or investigation registered against subject: None

7] Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

8] Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

9] Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

CONTRAVENTION

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.64.04
UK Pound	1	Rs.99.03
Euro	1	Rs.71.76

INFORMATION DETAILS

Information Gathered by :	GYT
Analysis Done by :	SUB
Report Prepared by :	RNK

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	6
--PROFITABILITY	1~10	4
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	5
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		46

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
--	NB	New Business	--

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.