MIRA INFORM REPORT

Report No. :	324355
Report Date :	28.05.2015

IDENTIFICATION DETAILS

Name :	THYSSENKRUPP INDUSTRIAL SOLUTIONS (INDIA) PRIVATE LIMITED
Registered Office :	Uhde House L B S Marg, Vikhroli (West), Mumbai – 400083, Maharashtra
Tel. No.:	91-22-66124262
Country :	India
Financials (as on) :	30.09.2014
Date of Incorporation :	23.12.1977
Com. Reg. No.:	11-020041
Capital Investment / Paid-up Capital :	Rs. 29.440 Million
CIN No.: [Company Identification No.]	U74200MH1977PTC020041
IEC No. :	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	MUMU00244G
PAN No.: [Permanent Account No.]	AAACU1416H
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is engaged in providing consultancy services, consisting of basic engineering, extended Basic engineering, detailed engineering, procurement, construction supervision and supervision of commissioning.
No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

A (70)

RATING		STATUS	PROPOSED CREDIT LINE
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

Maximum Credit Limit :	USD 7100000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is a subsidiary of “THYSSENKRUPP INDUSTRIAL SOLUTIONS AG. It offers a complete range of services from the conceptual design to the commissioning lump-sum turnkey projects for the chemical, petrochemical, fertiliser, cryogenic storage and refinery industries. It is a well-established company having fine track record. For the financial year ended 2014, company has reported decent operational performance and achieved topline growth of 27.09%. Profitability margins of company stood at 10% during a year under review. Rating takes into consideration TISPL's established market position in the engineering, procurement and construction (EPC) segment in India backed by well experienced management team. Rating also takes into consideration TISPL's healthy financial risk profile, marked by a comfortable capital structure and adequate liquidity profile of the company. Trade relations are reported as fair. Business is active. Payments are reported to be regular and as per commitment. In view of adequate operational base backed by healthy financial profile, 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 – March 31, 2015

Country Name	Previous Rating (31.12.2014)	Current Rating (31.03.2015)
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 A+
Rating Explanation	Adequate degree of safety and credit risk.
Date	12 November, 2014

Rating Agency Name	CRISIL
Rating	Short Term Rating A1
Rating Explanation	Very Strong degree of safety and carry lowest credit risk.
Date	12 November, 2014

RBI DEFAULTERS’ LIST STATUS

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

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

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

INFORMATION DENIED BY

Name :	Mr. Ketan Pense
Designation :	General Manager
Contact No.:	91-22-66124262
Date :	26.05.2015

LOCATIONS

Registered Office :	Uhde House L B S Marg, Vikhroli (West) Mumbai – 400083, Maharashtra, India
Tel. No.:	91-22-66124262
Fax No.:	91-22-26780210
E-Mail :	gr.prabhu@thyssenkrupp.com

DIRECTORS

As on 20.03.2015

Name :

Benno Hans Lueke

Designation :

Director

Address :

Flat No. 901 and 902, Vastu C.H.S. 26B, Dr. R.G. Thadani Marg, Mumbai – 400030, Maharashtra, India

Date of Birth/Age :

13.02.1962

Date of Appointment :

19.09.2014

DIN No.:

02634507

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	U74200MH1977PTC020041	ThyssenKrupp Industrial Solutions (India) Private Limited	Director	19/09/2014	01/09/2009	-	Active	NO
2	U74999MH1992GAP066130	THE COUNCIL OF EU CHAMBERS OF COMMERCE IN INDIA	Director	29/07/2011	29/07/2011	-	Active	NO

Name :

Mr. Prakash Dinkar Samudra

Designation :

Managing Director

Address :

Flat B/2/34 Technocrat, CHS B/2 Off Veer Savarkar Road, Prabhadevi

Date of Birth/Age :

05.07.1951

Date of Appointment :

01.07.2014

DIN No.:

00062355

Name :

Mr. Rajendra Ambalal Shah

Designation :

Alternate Director

Address :

Panorama 2^nd Floor 203, Walkeshwar Road, Mumbai – 400006, Maharashtra, India

Date of Birth/Age :

07.07.1931

Date of Appointment :

19.09.2014

DIN No.:

00009851

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	L24239MH1964PLC012971	PROCTER AND GAMBLE HYGIENE AND HEALTH CARE LIMITED	Director	20/07/1964	20/07/1964	-	Active	NO
2	L24231MH1950PLC008311	PFIZER LIMITED	Director	09/11/1965	09/11/1965	-	Active	NO
3	L33112MH1943FLC003972	BASF INDIA LIMITED	Director	24/04/1968	24/04/1968	-	Active	NO
4	L16004MH1936PLC008587	GODFREY PHILLIPS INDIA LIMITED	Director	07/06/1969	07/06/1969	-	Active	NO
5	L24110MH1947PLC005719	PIRAMAL ENTERPRISES LIMITED	Director	12/04/1978	12/04/1978	21/12/2011	Active	NO
6	L17120MH1879PLC000037	THE BOMBAY DYEING AND MANUFACTURING COMPANY LIMITED	Director	08/08/2014	04/12/1979	-	Active	NO
7	L24121MH1979PLC021360	DEEPAK FERTILISERS AND PETROCHEMICALS CORPORATION LIMITED	Additional director	11/02/2015	26/12/1979	-	Active	NO
8	L24239MH1944PLC007330	ABBOTT INDIA LIMITED	Director	01/08/2014	21/02/1983	-	Active	NO
9	L24200MH1937PLC002700	COLGATE-PALMOLIVE (INDIA) LIMITED	Director	25/07/2014	23/05/1983	-	Active	NO
10	U29100MH1987PTC045610	PRECISION VALVE (INDIA) PRIVATE LIMITED	Director	16/12/1987	16/12/1987	-	Active	NO
11	U74999MH1994PTC077533	ROCHE PRODUCTS (INDIA) PRIVATE LIMITED	Director	05/04/1994	05/04/1994	29/03/2013	Active	NO
12	U29120MH1998PTC114081	PREVAL PUMPS AND ACCESSORIES (INDIA) PRIVATE LIMITED	Director	20/03/1998	20/03/1998	-	Active	NO
13	L24220MH1945PLC004598	ASIAN PAINTS LIMITED	Director	07/04/2001	07/04/2001	26/06/2014	Active	NO
14	U72200DL1973PLC110617	MODI CARE LIMITED	Director	02/09/2003	02/09/2003	30/09/2014	Active	NO
15	U74200MH1977PTC020041	THYSSENKRUPP INDUSTRIAL SOLUTIONS (INDIA) PRIVATE LIMITED	Alternate director	19/09/2014	06/12/2003	-	Active	NO
16	U24130MH2005PLC152467	BASF POLYURETHANES INDIA LIMITED	Alternate director	19/01/2010	28/07/2005	-	Amalgamated	NO
17	L24100MH1983PLC029442	LUPIN LIMITED	Director	30/07/2014	19/10/2005	-	Active	NO
18	L26940MH1936PLC002515	ACC Limited	Director	24/01/2006	24/01/2006	05/04/2013	Active	NO
19	L99999GJ1975PLC002859	ATUL LIMITED	Director	26/07/2013	11/02/2006	-	Active	NO
20	L24110MH1956PLC010806	CLARIANT CHEMICALS (INDIA) LIMITED	Director	01/04/2006	01/04/2006	30/09/2014	Active	NO
21	L24304PN1965PLC139075	CENTURY ENKA LIMITED	Director	01/10/2014	04/05/2006	30/10/2014	Active	NO
22	L24239MH1967PLC013739	Brabourne Enterprises Limited	Alternate director	27/06/2006	27/06/2006	08/06/2008	Amalgamated	NO
23	L24230MH1999PLC120720	WOCKHARDT LIMITED	Director	30/06/2006	30/06/2006	30/09/2014	Active	NO
24	L28991PN1961PLC139151	SCHRADER DUNCAN LIMITED	Alternate director	13/04/2012	31/10/2006	30/09/2014	Active	NO
25	L24232MH2007PLC169354	RPG Life Sciences Limited	Alternate director	27/04/2012	06/02/2008	30/09/2014	Active	NO
26	U65990MH2011PTC217884	PHL Capital Private Limited	Director	20/07/2012	17/01/2012	30/11/2012	Amalgamated	NO

Name :

Mr. Jayantilal Ranchoddas Shah

Designation :

Director

Address :

20 CCT Chambers 2^nd Fldinshaw Wachha Road, Mumbai – 400020, Maharashtra, India

Date of Birth/Age :

16.02.1923

Date of Appointment :

23.12.1977

DIN No.:

00020723

Name :

Thampi Trivikraman Kunjukuttan

Designation :

Director

Address :

F 20, 601, Green Crest Yamuna Nagar, Andheri (West), Mumbai – 400053, Maharashtra, India

Date of Birth/Age :

15.08.1927

Date of Appointment :

01.01.1978

DIN No.:

00043445

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	U74200MH1977PTC020041	THYSSENKRUPP INDUSTRIAL SOLUTIONS (INDIA) PRIVATE LIMITED	Director	01/01/1978	01/01/1978	-	Active	NO
2	U74210MH1990PTC057764	PROCESS CONTROL TECHNOLOGY (INDIA) PRIVATE LIMITED	Director	20/06/1997	20/06/1997	-	Active	NO
3	U28123KL1985PLC026752	FURNACE FABRICA (INDIA) LIMITED	Director	31/03/2000	31/03/2000	28/01/2015	Active	NO
4	U74210MH2008PTC181647	PIZO PROJECT AND ENGINEERING CONSULTANTS PRIVATE LIMITED	Director	30/09/2011	02/02/2011	08/03/2013	Active	NO
5	U26921RJ1994PLC008130	PACIFIC REFRACTORIES LIMITED	Director	29/09/2012	19/04/2011	28/01/2015	Active	NO

Name :

Mr. Nilesh Raghunath Chitre

Designation :

Whole-time Director

Address :

B 902, 9^th Floor, Ajmera, Prestine, Yogi Nagar, Borivali (West), Mumbai – 400091, Maharashtra, India

Date of Birth/Age :

25.08.1963

Date of Appointment :

21.03.2014

DIN No.:

06467442

Name :

Dara Nadirshaw Damania

Designation :

Director

Address :

11, Abbas Road, 11 GG Thakar Road, Pune – 411001, Maharashtra, India

Date of Birth/Age :

02.12.1936

Date of Appointment :

07.06.1996

DIN No.:

00403834

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	U74999MH1947PTC005508	THYSSENKRUPP INDUSTRIES INDIA PRIVATE LIMITED	Director	01/01/1978	01/01/1978	-	Active	NO
2	L29120MH1960PLC011635	K S B PUMPS LIMITED	Director	01/10/2014	30/12/1981	-	Active	NO
3	L24119PN1951PLC008409	SUDARSHAN CHEMICAL INDUSTRIES LIMITED	Director	20/11/1984	20/11/1984	-	Active	NO
4	U74200MH1977PTC020041	THYSSENKRUPP INDUSTRIAL SOLUTIONS (INDIA) PRIVATE LIMITED	Director	07/06/1996	07/06/1996	-	Active	NO
5	U34300TN1998PTC046810	JBM AUTO SYSTEM PRIVATE LIMITED	Director	08/06/1998	08/06/1998	23/04/2009	Active	NO
6	U24239DL1999PTC098162	THYSSENKRUPP ELEVATOR (INDIA) PRIVATE LIMITED	Director	25/09/2007	21/05/2007	02/04/2014	Active	NO
7	U74900TG2008PTC060646	BERCO UNDERCARRIAGES (INDIA) PRIVATE LIMITED	Director	19/08/2008	19/08/2008	04/09/2014	Active	NO
8	L29150PN1989PLC054143	SANGHVI MOVERS LIMITED	Director	24/07/2009	20/10/2008	-	Active	NO
9	U29268MH2010PTC205326	THYSSENKRUPP ENGINE COMPONENTS INDIA PRIVATE LIMITED	Director	02/08/2010	07/07/2010	03/04/2014	Active	NO
10	U29220PN2011FTC139382	THYSSENKRUPP SYSTEM ENGINEERING INDIA PRIVATE LIMITED	Director	29/04/2011	29/04/2011	02/04/2014	Active	NO
11	L40108PN1981PLC024153	FINOLEX INDUSTRIES LIMITED	Director	11/08/2012	29/07/2011	-	Active	NO

Name :

Hans Theo Kuhr

Designation :

Director

Address :

Spechtweg, Krefeld, Germany - 47804

Date of Birth/Age :

14.03.1956

Date of Appointment :

06.06.2014

DIN No.:

06892004

KEY EXECUTIVES

Name :	Radhakrishna G Prabhu
Designation :	Secretary
Address :	6/401, Anjangiri , Siddhachal Apartments. Phase, Phokhara – 2, Thane (West), Mumbai – 400601, Maharashtra, India
Date of Birth/Age :	03.08.1960
Date of Appointment :	08.03.2002
PAN No.:	AADPP0040N

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 20.03.2015

Names of Shareholders	No. of Shares	Percentage of Holding
Thyssenkrupp Industrial Solutions AG, Germany	2368000	80.43
Kingfisher Finvest I Limited, India	256000	8.70
Rajendra Ambalal Shah	62500	2.12
Jayant shah	76800	2.61
Urmila Jayant Shah	76800	2.61
Ranjit Jayant Shah	76800	2.61
Mona Shah	25600	0.87
Shefal Rajendra Shah	1500	0.05
Total	2944000	100.00

Equity Share Break up (Percentage of Total Equity)

As on 20.03.2015

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	80.43
Bodies corporate	8.69
Directors or relatives of Directors	10.88
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged in providing consultancy services, consisting of basic engineering, extended Basic engineering, detailed engineering, procurement, construction supervision and supervision of commissioning.

Products / Services :

Item Code No.	Product / Services Description
99833220	Engineering Services

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Selling :

Not Divulged

Purchasing :

Not Divulged

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

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

Customers :

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

No. of Employees :

Information declined by the management

Bankers :

Bank Name	Not Divulged
Branch	Not Divulged
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

Auditors :
Name :	Price Waterhouse and Co. Chartered Accountant LLP Chartered Accountants
Address :	252 , Veer Savarkar
PAN N Income-tax PAN of auditor or auditor's firm :	AAHFP0187A
Memberships :	Not Available
Collaborators :	Not Available
Holding company :	Thyssenkrupp Industrial Solutions A.G
Ultimate Holding company :	Thyssenkrupp A.G.
Fellow Subsidiary company :	Thyssenkrupp Electrical Steel India Private limited Thyssenkrupp Metal Serv GmBH Thyssenkrupp Engineering Pty Limited Thyssenkrupp Elevator (India) Private Limited Thyssenkrupp Industries India Private Limited Thyssenkrupp Academy GmbH Uhde Arabia Limited Uhde Thailand Limited Uhde High Pressure Technologies GmbH Thyssenkrupp Engine Components India private limited Uhde Mexico S.A de C.V. Uhde Engineering Consulting (shanghai) Company Limited Uhde Shedden (Australia) Pty. Limited. Uhde Fertilizer Technology B.V Uhde Inventa Fischer AG Thyseenkrupp Industrial Solutions south Africa (Pty) Limited Berco Undercarriages (India) Private Limited Rothe Erde India Private Limited ThyssenKrupp System Engineering India Private Limited ThyssenKrupp Aerospace India Private Limited Uhde Inventa Fischer GmbH Thyssenkrupp Steel Europe Uhde Engineeriring Egypt Thyssenkrupp India Private Limited Thyssenkrupp Uhde Engineering Services GmbH Udhe Edeleanu S.R.O

CAPITAL STRUCTURE

As on As on 20.03.2015

Authorised Capital :

No. of Shares	Type	Value	Amount
3000000	Equity Shares	Rs.10/- each	Rs. 30.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
2944000	Equity Shares	Rs.10/- each	Rs. 29.440 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	30.09.2014	30.09.2013	30.09.2012
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	29.440	29.440	29.440
(b) Reserves & Surplus	2462.726	2009.195	1842.845
(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)	2492.166	2038.635	1872.285
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.000
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	0.000	59.710	0.000
(d) long-term provisions	39.618	38.812	198.330
Total Non-current Liabilities (3)	39.618	98.522	198.330
(4) Current Liabilities
(a) Short term borrowings	630.367	36.914	0.000
(b) Trade payables	875.421	1404.413	1218.064
(c) Other current liabilities	2733.691	3556.960	3669.690
(d) Short-term provisions	413.855	437.357	321.792
Total Current Liabilities (4)	4653.334	5435.644	5209.546
TOTAL	7185.118	7572.801	7280.161
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	674.087	693.750	699.748
(ii) Intangible Assets	21.785	36.062	14.792
(iii) Capital work-in-progress	5.473	3.857	0.363
(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)	122.786	232.833	149.828
(d) Long-term Loan and Advances	667.356	607.926	591.364
(e) Other Non-current assets	7.803	6.556	6.466
Total Non-Current Assets	1499.290	1580.984	1462.561
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	0.662	0.073	0.000
(c) Trade receivables	993.314	2028.262	2556.752
(d) Cash and cash equivalents	2531.643	863.905	431.425
(e) Short-term loans and advances	1911.855	2778.489	2536.187
(f) Other current assets	248.354	321.088	293.236
Total Current Assets	5685.828	5991.817	5817.600
TOTAL	7185.118	7572.801	7280.161

PROFIT & LOSS ACCOUNT

	PARTICULARS	30.09.2014	30.09.2013	30.09.2012
	TOTAL INCOME	6864.398	5262.004	9312.706
Less	TOTAL EXPENSES	5904.418	4895.214	8672.366
	PROFIT/ (LOSS) BEFORE TAX	959.980	366.790	640.340
Less	TAX	329.820	114.340	208.910
	PROFIT/ (LOSS) AFTER TAX	630.160	252.450	431.430
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD	667.370	526.270	274.840
Less	APPROPRIATIONS
	Transfer to General Reserve	453.000	25.240	43.140
	Proposed Dividend - Final	147.200	73.600	117.760
	Tax on Dividend	29.430	12.510	19.100
	Total (M)	629.630	111.350	180.000
	Balance Carried to the B/S	667.900	667.370	526.270
	Earnings / (Loss) Per Share (Rs.)	214.05	85.75	146.54

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	30.09.2014	30.09.2013	30.09.2012
Current Maturities of Long term debt	NA	NA	NA
Cash generated from operations	NA	NA	NA

KEY RATIOS

PARTICULARS		30.09.2014	30.09.2013	30.09.2012
Net Profit Margin (PAT / Total Sales)	(%)	9.18	4.80	4.63
Return on Total Assets (PBT/Total Assets}	(%)	13.60	5.00	8.98
Return on Investment (ROI) (PBT/Networth)		0.39	0.18	0.34
Debt Equity Ratio (Total Debt /Networth)		0.25	0.02	0.00
Current Ratio (Current Asset/Current Liability)		1.22	1.10	1.12

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	30.09.2012	30.09.2013	30.09.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	29.440	29.440	29.440
Reserves & Surplus	1842.845	2009.195	2462.726
Share Application money pending allotment	0.000	0.000	0.000
Net worth	1872.285	2038.635	2492.166
long-term borrowings	0.000	0.000	0.000
Short term borrowings	0.000	36.914	630.367
Current Maturities of Long Term Debt	0.000	0.000	0.000
Total borrowings	0.000	36.914	630.367
Debt/Equity ratio	0.000	0.018	0.253

YEAR-ON-YEAR GROWTH

Year on Year Growth	30.09.2012	30.09.2013	30.09.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Total Income	9312.706	5262.004	6864.398
		(43.497)	30.452

NET PROFIT MARGIN

Net Profit Margin	30.09.2012	30.09.2013	30.09.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Total Income	9312.706	5262.004	6864.398
Profit	431.430	252.450	630.160
	4.63%	4.80%	9.18%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check list by info agents	Available in Report (Yes/No)
1	Year of establishment	Yes
2	Constitution of the entity -Incorporation details	Yes
3	Locality of the entity	Yes
4	Premises details	No
5	Buyer visit details	--
6	Contact numbers	Yes
7	Name of the person contacted	Yes
8	Designation of contact person	Yes
9	Promoter’s background	Yes
10	Date of Birth of Proprietor / Partners / Directors	Yes
11	Pan Card No. of Proprietor / Partners	No
12	Voter Id Card No. of Proprietor / Partners	No
13	Type of business	Yes
14	Line of Business	Yes
15	Export/import details (if applicable)	No
16	No. of employees	No
17	Details of sister concerns	Yes
18	Major suppliers	No
19	Major customers	No
20	Banking Details	Yes
21	Banking facility details	No
22	Conduct of the banking account	--
23	Financials, if provided	Yes
24	Capital in the business	Yes
25	Last accounts filed at ROC, if applicable	Yes
26	Turnover of firm for last three years	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last three years	Yes
30	Major shareholders, if available	Yes
31	External Agency Rating, if available	Yes
32	Litigations that the firm/promoter involved in	--
33	Market information	--
34	Payments terms	No
35	Negative Reporting by Auditors in the Annual Report	No

UNSECURED LOAN

Unsecured Loan	30.09.2014 (Rs. in Million)	30.09.2013 (Rs. in Million)
Short-term borrowings
Other loans and advances	630.367	36.914
Total	630.367	36.914

INDEX OF CHARGES: No Charges Exist for Company

FIXED ASSETS

• Land
• Buildings
• Residential building
• Office building
• Furniture and fixtures
• Vehicles
• Motor vehicles
• Office equipment
• Computer equipments
• Other equipments

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. 63.95
UK Pound	1	Rs. 98.64
Euro	1	Rs. 69.86

INFORMATION DETAILS

Information Gathered by :	SVA
Analysis Done by :	KAR
Report Prepared by :	TRU

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	8
PAID-UP CAPITAL	1~10	7
OPERATING SCALE	1~10	8
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	8
--PROFITABILITY	1~10	8
--LIQUIDITY	1~10	7
--LEVERAGE	1~10	8
--RESERVES	1~10	8
--CREDIT LINES	1~10	8
--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		70

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.