MIRA INFORM REPORT

Report No. :	348499
Report Date :	03.11.2015

IDENTIFICATION DETAILS

Name :	POWERICA LIMITED (w.e.f. 05.10.1989)
Formerly Known As :	CONSOLIDATED POWER SYSTEMS LIMITED
Registered Office :	9^th Floor, Bakhtawar, Nariman Point, Mumbai – 400 021, Maharashtra
Tel. No.:	91-22-66562525
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	04.05.1984
Com. Reg. No.:	11-032825
Capital Investment / Paid-up Capital :	Rs.93.610 million
CIN No.: [Company Identification No.]	U31100MH1984PLC032825
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	MUMP15268B
PAN No.: [Permanent Account No.]	AAACP3812E
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Subject is engaged in the business of manufacturing and trading in diesel generating sets, components and erection, installation, commissioning, operation, maintenance and other services relating to diesel generating sets and also engaged in Generation of electricity from Wind Turbine Generators.
No. of Employees :	Information declined by the Management

RATING & COMMENTS

MIRA’s Rating :

A (65)

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

Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Powerica was incorporated on 4^th May 1984, the company is a global original equipment manufacturer for Cummins and uses Cummins’s engines and alternators for manufacturing DG sets. Subject is a well-established company having fine track. Rating reflects Powerica’s strong market position, its promoters extensive experience in the diesel generator (DG) set industry and its healthy financial risk profile, marked by strong networth base and comfortable liquidity of the company. Moreover, this rating strength is partially offset by the cyclicality in the DG set business. 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 – 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: “AA”
Rating Explanation	High degree of safety and very low credit risk.
Date	01.12.2014

Rating Agency Name	CRISIL
Rating	Short-Term Rating: “A1 +”
Rating Explanation	Strong degree of safety and carry lowest credit risk.
Date	01.12.2014

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 31-03-2015.

INFORMATION DENIED BY

Name :	Mr. I. B. Singh
Designation :	Accounts Department
Contact No.:	91-22-66562525
Date :	03.11.2015

LOCATIONS

Registered/ Corporate Marketing Office:	9^th Floor, Bakhtawar, Nariman Point, Mumbai – 400 021, Maharashtra, India
Tel. No. :	91-22-66562525
Fax No. :	91-22-43152515
E-Mail :	atp@powericaltd.com
Website :	http://www.powericaltd.com
Administrative office :	115, Mittal Court, B-Wing, Nariman Point, Mumbai – 400 021, Maharashtra, India
Tel. No.:	91-22- 66562525 / 66562510 / 2282 5949
Fax No.:	91-22-22043782
E-Mail :	powerica@bom2.vsnl.net.in
Factory 1 :	Plot No.102/2, Village Khutli, Dudhani Road, Khanvel, Silvassa – 396 230, Dadra And Nagar Haveli, India
Factory 2 :	Taloja B-6, MIDC Industrial Area, Taloja, Raigad – 410 208, Maharashtra, India
Tel. No.:	91-22-67771500/6771600
Fax No.:	91-22-27412221
E-Mail :	sanjiv.sharma@powericaltd.com
Factory 3 :	Taloja Factory (Design Department) B-8, MIDC Industrial Area, Taloja, Raigad, Maharashtra, India
Tel. No.:	91-22-67771500/6777160
Fax No.:	91-22-27402609/27411531
Factory 4 :	Bangalore Shed – III Bommanahalli Village, Neelamangala Taluk, Bangalore – 560 123, Karnataka, India
Tel. No.:	91-80-27724994/5 27722392
Fax No.:	91-80-27724946
E-Mail :	nelaadmin@powericaltd.com
Factory 5 :	8-10, Surpreme Industrial Area, Bhimpore Village, Daman – 396 210, Daman and Diu, India
Tel. No.:	91-260-2220707
Fax No.:	91-260-2220836
E-Mail :	m.raveendran@powericaltd.com
Factory :	Located at: · Chennai SEZ Unit
Branch Office 1 :	#40-5/3-2, 2^nd Floor, Shyam Nagar, Tikkle Road, Krishna District, Labbipet, Vijayawada – 520 002, Andhra Pradesh, India
Tel. No.:	91-866-6622750 / 6622751
Branch Office 2 :	A-23, Thiru Vi Ka Industrial Estate, Guindy, Chennai – 600 032, Tamilnadu, India
	91-44-42422222/ 22506374
Branch Office:	Also located at: · Ahmedabad · Aurangabad · Bangalore · Coimbatore · Faridabad · Goa · Kochi · Madurai · Nagpur · Nashik · Pune · Gurgaon · Hyderabad · Kolhapur · Vijaywada · Hospet · Tirupati · Vishakhapatnam · Trichy · Tirunelveli

DIRECTORS

AS ON 31.03.2015

Name :

Mr. Naresh Chander Oberoi

Designation :

Managing Director

Address :

181-B, Jolly Maker Apartment, Cuffe Parade, Colaba, Mumbai – 400 005, Maharashtra, India

Date of Birth/Age :

03.03.1942

Experience :

48 Years

Date of Appointment :

01.04.2011

PAN No.:

AAEPO2381A

DIN No.:

00009000

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	U31100MH1984PLC032825	POWERICA LIMITED	Managing director	01/04/2011	04/05/1984	-	Active	NO
2	L29200MH1978PLC020434	EVEREST KANTO CYLINDER LIMITED	Director	05/07/2005	05/07/2005	-	Active	NO
3	U74140MH2006PTC166052	SUNA PROJECTS AND ADVISORY SERVICES PRIVATE LIMITED	Managing director	07/12/2006	07/12/2006	01/08/2011	Strike off	NO
4	U55101MH1996PTC097667	DEGUSTIBUS HOSPITALITY PRIVATE LIMITED	Director	29/09/2009	20/06/2009	-	Active	NO
5	U85190MH2010PTC209887	L.N HEALTH CARE PRIVATE LIMITED	Director	09/11/2010	09/11/2010	-	Active	NO
6	U15100MH1991PTC060359	POWERICA GENERATORS PRIVATE LIMITED	Director	08/06/2012	02/03/2012	-	Converted to LLP and dissolved	NO
7	U40300MH2014PLC257945	PANCHPATTA WINDFARM LIMITED	Additional director	21/10/2014	21/10/2014	-	Active	NO
8	U51900MH1980PTC022350	POWERICA SALES AND SERVICES PRIVATE LIMITED	Additional director	01/01/2015	01/01/2015	-	Active	NO
9	U40300MH2015PLC263258	NANDURPATHAR WINDFARM LIMITED	Director	31/03/2015	31/03/2015	-	Active	NO
10	AAB-0074	POWERICA GENERATORS LIMITED LIABILITY PARTNERSHIP	Designated Partner	10/07/2012	10/07/2012	-	Active	NO

Name :

Mr. Krishen Dev

Designation :

Director

Address :

Plot No.16, Pallod Farms -II, Banner, Pune – 411 045, Maharashtra, India

Date of Birth/Age :

03.03.1939

Qualification :

Graduation degree in Chemical Engineering

Date of Appointment :

14.06.2014

DIN No.:

00001534

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	L99999DN1982PLC000128	JBF INDUSTRIES LIMITED	Director	14/06/2002	14/06/2002	13/02/2014	Active	NO
2	L29200MH1978PLC020434	EVEREST KANTO CYLINDER LIMITED	Director	05/07/2005	05/07/2005	-	Active	NO
3	U31100MH1984PLC032825	POWERICA LIMITED	Director	14/06/2014	10/02/2011	-	Active	NO
4	U24290DN2008PLC000287	JBF PETROCHEMICALS LIMITED	Director	07/08/2012	09/05/2012	13/02/2014	Active	NO

Name :

Mr. Kharati Ram Puri

Designation :

Whole-Time Director

Address :

50 Sunita, Cuffe Parade, Colaba, Mumbai – 400 005, Maharashtra, India

Date of Birth/Age :

10.04.1926

Qualification :

Bachelor of Arts

Experience :

62 Years

Date of Appointment :

01.11.2013

PAN No. :

AAEPP8874D

DIN No.:

00015011

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	U51900MH1984PTC032117	ASHUTOSH TRADERS PRIVATE LIMITED	Director	16/10/1985	16/10/1985	-	Converted to LLP and dissolved	NO
2	U31100MH2005PTC153415	ASA ELECTRO POWER SYSTEMS PRIVATE LIMITED	Managing director	01/10/2014	18/05/2005	-	Active	NO
3	U31100MH1984PLC032825	POWERICA LIMITED	Director	01/11/2013	01/01/2007	-	Active	NO
4	U51900MH1995NPL119984	ALL INDIA BUSINESS COUNCIL	Director	01/01/2008	01/01/2008	-	Active	NO
5	U40300MH2014PLC257945	PANCHPATTA WINDFARM LIMITED	Additional director	21/10/2014	21/10/2014	-	Active	NO
6	AAA-8091	ASHUTOSH TRADERS LLP	Designated Partner	24/02/2012	24/02/2012	-	Active	NO

Name :

Mr. Nainesh Jaisingh

Designation :

Nominee Director

Address :

A-33, Meherina, 51C, Nepean Sea Road, Mumbai – 400 036, Maharashtra, India

Date of Birth/Age :

24.04.1967

Qualification :

Bachelor’s Degree (Honors) in Technology

Date of Appointment :

01.10.2007

DIN No.:

00061014

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	U74130MH2003PTC141496	STANDARD CHARTERED PRIVATE EQUITY ADVISORY (INDIA) PRIVATE LIMITED	Director	17/06/2005	17/06/2005	-	Active	NO
2	L61200GJ1985PLC007730	ABG SHIPYARD LIMITED	Nominee director	07/07/2005	07/07/2005	29/07/2011	Active	NO
3	U34102MH1999PTC123296	ENDURANCE TECHNOLOGIES PRIVATE LIMITED (CN)	Director	17/08/2006	17/08/2006	22/12/2011	Active	NO
4	U31100MH1984PLC032825	POWERICA LIMITED	Nominee director	01/10/2007	01/10/2007	-	Active	NO
5	U74999DL2005PTC132134	INTERGLOBE TECHNOLOGY QUOTIENT PRIVATE LIMITED	Director	30/06/2008	11/12/2007	-	Active	NO
6	U74140DL2007PTC162695	ITQ CONSULTANCY PRIVATE LIMITED	Director	30/06/2009	23/09/2008	-	Under liquidation	NO
7	U28999KA2001PTC029937	FIREPRO SYSTEMS PRIVATE LIMITED	Director	15/12/2009	15/12/2009	22/12/2011	Active	NO
8	U55101KA2008PLC046866	COFFEE DAY ENTERPRISES LIMITED	Nominee director	10/02/2010	10/02/2010	06/05/2015	Active	NO
9	U85110KA1993PLC015001	COFFEE DAY GLOBAL LIMITED	Director	30/06/2010	07/06/2010	06/05/2015	Active	NO
10	L52599TN1961PLC028758	REDINGTON (INDIA) LIMITED	Director	31/07/2012	05/08/2011	-	Active	NO
11	U99999GJ1976PTC018945	INOX INDIA PRIVATE LIMITED	Alternate director	22/08/2012	22/08/2012	01/11/2013	Active	NO
12	L92100MH1997PLC108981	PRIME FOCUS LIMITED	Director	20/12/2012	05/11/2012	-	Active	NO

Name :

Mr. Bharat Naresh Oberoi

Designation :

Whole-Time Director

Address :

31-B, Maker Tower, Cuffe Parade, Colaba, Mumbai – 400 005, Maharashtra, India

Date of Birth/Age :

22.02.1971

Experience :

22 Years

Date of Appointment :

01.04.2011

PAN No. :

AAAPO0724D

DIN No.:

00083664

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	U45200MH1994PTC081674	NISHKAMA JAGRUTI DEVELOPERS PRIVATE LIMITED	Director	03/10/1994	03/10/1994	28/02/2011	Active	NO
2	U51900MH1980PTC022350	POWERICA SALES AND SERVICES PRIVATE LIMITED	Director	06/03/2000	06/03/2000	-	Active	NO
3	U31100MH1984PLC032825	POWERICA LIMITED	Whole-time director	01/04/2011	01/11/2003	-	Active	NO
4	U55101MH1996PTC097667	DEGUSTIBUS HOSPITALITY PRIVATE LIMITED	Director	29/09/2009	20/06/2009	-	Active	NO
5	U40300MH2014PLC257945	PANCHPATTA WINDFARM LIMITED	Additional director	21/10/2014	21/10/2014	-	Active	NO
6	U40300MH2015PLC263258	NANDURPATHAR WINDFARM LIMITED	Director	31/03/2015	31/03/2015	-	Active	NO

Name :

Mr. Dinesh Kumar

Designation :

Director

Address :

No.21, 17^th Cross, Malleshwram Bangalore – 560 055, Karnataka, India

Date of Birth/Age :

02.12.1937

Qualification :

Post-graduation degree from Military Studies from Defence Services Staff College

Date of Appointment :

14.06.2014

DIN No.:

01133565

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	U31101KA2000PTC026953	EMERSON INDUSTRIAL AUTOMATION ELECTRIC POWER GENERATION PRIVATE LIMITED	Director	17/09/2005	17/09/2005	12/02/2009	Active	NO
2	U31100MH1984PLC032825	POWERICA LIMITED	Director	14/06/2014	25/06/2009	-	Active	NO

Name :

Mr. Ghanshyam Dass

Designation :

Director

Address :

31A, Sobha Emerald, Sobha Suburb, 1A, Behind Jakkur Flying Club, Jakkur, Bangalore – 560 064, Karnataka, India

Date of Birth/Age :

11.07.1952

Qualification :

Graduation degree with Honors in Economics and Post-graduation degree in Linguistics

Date of Appointment :

14.06.2014

DIN No.:

01807011

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	U50101DL2000PTC107519	SHARNAM MOTOR SERVICES PRIVATE LIMITED	Additional director	15/11/2008	15/11/2008	01/02/2009	Active	NO
2	L65191KL1927PLC000307	DHANLAXMI BANK LIMITED	Director	31/07/2009	31/07/2009	16/07/2012	Active	NO
3	L29120MH1986PLC042028	JAIN IRRIGATION SYSTEMS LIMITED	Director	26/09/2014	25/08/2009	-	Active	NO
4	U74900KA2009PTC051174	CARBON CLEAN SOLUTIONS PRIVATE LIMITED	Director	12/10/2009	12/10/2009	30/05/2011	Active	NO
5	U02423KA2005PTC035749	BIOPURE HEALTHCARE PRIVATE LIMITED	Director	28/01/2010	28/01/2010	-	Active	NO
6	U74899DL1995PTC073584	MAYAR INFRASTRUCTURE DEVELOPMENT PRIVATE LIMITED	Director	31/07/2011	26/09/2010	-	Active	NO
7	L24100UP2007PLC032909	JUBILANT INDUSTRIES LIMITED	Director	02/09/2014	26/11/2010	-	Active	NO
8	U31100MH1984PLC032825	POWERICA LIMITED	Director	14/06/2014	10/02/2011	-	Active	NO
9	U74899HR1990PTC053212	ONLINE RECHARGE SERVICES PRIVATE LIMITED	Director	06/05/2014	01/07/2011	-	Active	NO
10	U74899HR1995PTC053199	ESTEL TECHNOLOGIES PRIVATE LIMITED	Director	10/06/2014	01/07/2011	-	Active	NO
11	U52100UP2008PLC035862	JUBILANT AGRI AND CONSUMER PRODUCTS LIMITED	Director	01/09/2014	08/05/2013	-	Active	NO
12	U70102MH2006PLC165847	AVIGHNA INDIA LIMITED	Director	05/07/2013	05/07/2013	-	Active	NO
13	U74999MH2013PTC241792	BQ PADMAVATHY FINANCE ACADEMY PRIVATE LIMITED	Additional director	17/01/2015	17/01/2015	-	Active	NO

Name :

Mr. Prakash Yashwant Gurav

Designation :

Director

Address :

Mritinjaya Apartments, 3^rd Floor, 54 Ideal Colony, Kothrud, Pune – 411 029, Maharashtra, India

Date of Birth/Age :

28.12.1953

Date of Appointment :

14.06.2014

DIN No.:

02004317

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	U50300MH1997PLC149349	TATA MOTORS INSURANCE BROKING AND ADVISORY SERVICES LIMITED	Director	30/06/2011	21/01/2008	31/12/2013	Active	NO
2	U24110MH1972PLC015561	CONCORDE MOTORS (INDIA) LIMITED	Director	10/06/2008	21/01/2008	31/12/2013	Active	NO
3	U63000MH2008PLC180593	TML DISTRIBUTION COMPANY LIMITED	Director	25/08/2009	31/07/2009	31/12/2013	Active	NO
4	U31100MH1984PLC032825	POWERICA LIMITED	Director	14/06/2014	28/05/2012	-	Active	NO
5	U34201UP2006PTC041454	ADITHYA AUTOMOTIVE APPLICATIONS PRIVATE LIMITED	Director	24/05/2014	24/05/2014	-	Active	NO
6	L24231UP1979PLC004837	COMMERCIAL ENGINEERS AND BODY BUILDERS CO LIMITED	Director	29/09/2014	15/07/2014	-	Active	NO
7	L45200PN1991PLC129428	KOLTE-PATIL DEVELOPERS LIMITED	Director	13/09/2014	13/08/2014	-	Active	NO
8	U23201MH2007PTC174642	STANDARD GREASES AND SPECIALITIES PRIVATE LIMITED	Nominee director	07/11/2014	07/11/2014	-	Active	NO
9	U70102PN2006PLC021837	COROLLA REALTY LIMITED	Additional director	31/03/2015	31/03/2015	-	Active	NO
10	U70102PN2005PLC140660	KOLTE-PATIL I-VEN TOWNSHIPS (PUNE) LIMITED	Additional director	31/03/2015	31/03/2015	-	Active	NO

Name :

Mr. Udai Dhawan

Designation :

Alternate Director

Address :

107, 1^st Floor, Anand Lok, New Delhi – 110 049, India

Date of Birth/Age :

17.01.1973

Date of Appointment :

20.02.2014

DIN No.:

03048040

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	U55101KA2008PLC046866	COFFEE DAY ENTERPRISES LIMITED	Alternate director	14/04/2010	14/04/2010	26/01/2015	Active	NO
2	U85110KA1993PLC015001	COFFEE DAY GLOBAL LIMITED	Alternate director	07/06/2010	07/06/2010	26/01/2015	Active	NO
3	U28999KA2001PTC029937	FIREPRO SYSTEMS PRIVATE LIMITED	Nominee director	21/12/2012	15/07/2010	-	Active	NO
4	U74999DL2005PTC132134	INTERGLOBE TECHNOLOGY QUOTIENT PRIVATE LIMITED	Alternate director	22/01/2015	16/07/2010	-	Active	NO
5	U15134DL1965PLC129086	VARUN BEVERAGES (INTERNATIONAL) LIMITED	Director	18/07/2011	18/07/2011	-	Amalgamated	NO
6	U74899DL1995PLC069839	VARUN BEVERAGES LIMITED	Director	14/05/2013	13/05/2013	-	Active	NO
7	U74130MH2003PTC141496	STANDARD CHARTERED PRIVATE EQUITY ADVISORY (INDIA) PRIVATE LIMITED	Director	18/09/2014	01/01/2014	-	Active	NO
8	L85110DL1996PLC076704	FORTIS HEALTHCARE LIMITED	Nominee director	24/09/2014	11/02/2014	-	Active	NO
9	U31100MH1984PLC032825	POWERICA LIMITED	Alternate director	20/02/2014	20/02/2014	-	Active	NO
10	U33120DN2014PLC000454	STERLITE POWER GRID VENTURES LIMITED	Director	30/07/2014	30/07/2014	-	Active	NO

KEY EXECUTIVES

Name :	Komal Manoj Nagdev
Designation :	Secretary
Address :	106, C Wing, Niloy CHS, Plot No.82, Bhidewadi, Ambernath, Thane – 421 501, Maharashtra, India
Date of Appointment :	12.06.2015
PAN No.:	AVRPM1256C
Name :	Mr. Vijay Kumar
Designation :	Chief Financial Officer

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 25.09.2014

Names of Shareholders	No. of Shares
Naresh Chander Oberoi	24710472
Kharati Ram Puri	5883120
Rajat Naresh Oberoi	3888054
Renu Sachin Mehra	1476000
Nedungadi B. T.	398043
Lata Naresh Oberoi	756000
Bharat Naresh Oberoi	4181994
Sunil Kumar Khurana	3456
Standard Chartered Private Equity (Mauritius) II Limited, Mauritius	4129713
Standard Chartered Private Equity (Mauritius) III Limited, Mauritius	1376568
Total	46803420

Equity Share Break up (Percentage of Total Equity)

AS ON 25.09.2014

Category	Percentage of holding
Bodies corporate	11.76
Directors or relatives of Directors	87.38
Other top fifty shareholders	0.86
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged in the business of manufacturing and trading in diesel generating sets, components and erection, installation, commissioning, operation, maintenance and other services relating to diesel generating sets and also engaged in Generation of electricity from Wind Turbine Generators.

Products/ Services :

Item Code No.	Product/ Service Description
85023100	Diesel Generating Set
99691120	Electric Generation

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 :

Banker Name	Standard Chartered Bank
Branch Address	Abhijeet II, Ground Floor, New Mithakali Six Roads, Ahmedabad – 380 006, Gujarat, 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

• BNP Paribas, Unit No.203, Sakar II, Near Town Hall, Eiiis Bridge, Ahmedabad – 380 006, Gujarat, India

Facilities :

Secured Loan	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
LONG-TERM BORROWINGS
Term loans from banks	2502.500	1903.630
SHORT-TERM BORROWINGS
Working capital loans from banks	0.000	20.890
Total	2502.500	1924.520

Auditors :
Name :	Kapoor and Parekh Associates Chartered Accountants
Address :	701, Business Suites 9, S V Road, Santacruz (West), Mumbai – 400 054, Maharashtra, India
PAN No. :	AAAFK1612L
Memberships :	Not Available
Collaborators :	Not Available
Subsidiary Company :	Quadrant Engineers Limited, India [CIN No.: U74140MH1981PLC024853]
Associated Companies :	Powerica Sales and Services Private Limited, India [CIN No.: U51900MH1980PTC022350] Suna Projects and Advisory Private Limited, India [CIN No.: U74140MH2006PTC166052] deGustibus Hospitality Private Limited, India [CIN No.: U55101MH1996PTC097667] L.N. Healthcare Private Limited, India [CIN No.: U85190MH2010PTC209887]
Enterprises which are owned, or have Significant influence of or are partners with Key management personnel and their relatives :	Naresh Oberoi HUF Oberoi Family Trust

CAPITAL STRUCTURE

AS ON 25.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
100000000	Equity Shares	Rs.2/- each	Rs.200.000 million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
46803420	Equity Shares	Rs.2/- each	Rs.93.607 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	93.610	93.610	93.607
(b) Reserves & Surplus	8078.740	7838.730	7350.777
(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)	8172.350	7932.340	7444.384
(3) Non-Current Liabilities
(a) Long-term borrowings	2502.500	1903.630	1479.130
(b) Deferred tax liabilities (Net)	1325.020	1352.490	984.618
(c) Other long term liabilities	0.000	0.000	0.000
(d) Long-term provisions	10.610	19.620	13.374
Total Non-current Liabilities (3)	3838.130	3275.740	2477.122
(4) Current Liabilities
(a) Short term borrowings	0.000	20.890	312.979
(b) Trade payables	1024.320	1859.880	1316.918
(c) Other current liabilities	1550.640	1966.790	1922.006
(d) Short-term provisions	46.380	8.600	69.956
Total Current Liabilities (4)	2621.340	3856.160	3621.859
TOTAL	14631.820	15064.240	13543.365
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	6117.340	6449.870	7284.688
(ii) Intangible Assets	7.040	10.500	2.592
(iii) Capital work-in-progress	299.980	61.990	99.726
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	38.300	52.320	52.355
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	2131.440	1012.600	767.275
(e) Other Non-current assets	1.430	4.090	3.289
Total Non-Current Assets	8595.530	7591.370	8209.925
(2) Current assets
(a) Current investments	3390.960	1571.950	1489.756
(b) Inventories	964.970	2092.010	1179.784
(c) Trade receivables	1247.730	1452.550	1403.572
(d) Cash and cash equivalents	192.030	2122.960	989.153
(e) Short-term loans and advances	240.260	192.110	228.462
(f) Other current assets	0.340	41.290	42.713
Total Current Assets	6036.290	7472.870	5333.440
TOTAL	14631.820	15064.240	13543.365

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Revenue from operations	11569.740	14524.850	11612.526
		Other Income	289.720	345.270	200.000
		TOTAL	11859.460	14870.120	11812.526
Less	EXPENSES
		Cost of Materials Consumed	7639.720	9812.990	7897.846
		Purchases of Stock-in-Trade	777.680	877.110	691.243
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	78.860	(43.480)	15.957
		Employees benefits expense	713.060	683.75	616.101
		Other expenses	1046.420	1155.08	782.387
		TOTAL	10255.740	12485.450	10003.534
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		1603.720	2384.670	1808.992
Less	FINANCIAL EXPENSES		65.890	188.460	94.178
	PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		1537.830	2196.210	1714.814
Less	DEPRECIATION/ AMORTISATION		919.300	1011.980	705.780
	PROFIT/ (LOSS) BEFORE TAX		618.530	1184.230	1009.034
Less	TAX		159.500	369.890	382.395
	PROFIT/ (LOSS) AFTER TAX		459.030	814.340	626.639
	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		5449.640	5043.110	4642.341
	APPROPRIATIONS
		Transfer to General Reserve	45.900	81.430	62.661
		Interim Dividend	187.210	280.820	93.606
		Tax on Dividend	31.820	45.560	22.778
		Proposed Dividend	0.000	0.000	46.803
	BALANCE CARRIED TO THE B/S		5643.740	5449.640	5043.132
	EARNINGS IN FOREIGN CURRENCY
		F.O.B. Value of Exports	45.370	15.870	NA
	TOTAL EARNINGS		45.370	15.870	NA
	IMPORTS
		Raw Materials	49.730	345.910	NA
		Components and spare parts	84.850	43.600	NA
		Capital Goods	163.800	3.390	NA
	TOTAL IMPORTS		298.380	392.900	NA
	Earnings/ (Loss) Per Share (Rs.)		9.81	17.40	13.39

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	NA	815.840	0.000
Net cash flows from (used in) operations	NA	353.553	2485.652

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	3.97	5.61	5.40
Operating Profit Margin (PBIDT/Sales)	(%)	13.86	16.42	15.58
Return on Total Assets (PBT/Total Assets}	(%)	4.33	7.92	7.54
Return on Investment (ROI) (PBT/Networth)		0.08	0.15	0.14
Debt Equity Ratio (Total Debt /Networth)		0.31	0.24	0.24
Current Ratio (Current Asset/Current Liability)		2.30	1.94	1.47

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	93.607	93.610	93.610
Reserves & Surplus	7350.777	7838.730	8078.740
Net worth	7444.384	7932.340	8172.350
Long-term borrowings	1479.130	1903.630	2502.500
Short term borrowings	312.979	20.890	0.000
Total borrowings	1792.109	1924.520	2502.500
Debt/Equity ratio	0.241	0.243	0.306

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)
Revenue from operations	11612.526	14524.850	11569.740
		25.079	(20.345)

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Revenue from operations	11612.526	14524.850	11569.740
Profit	626.639	814.340	459.030
	5.40%	5.61%	3.97%

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	Yes
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	Yes
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

NOTE:

The registered office of the company has been shifted from 74, A Wing, Mittal Court, Nariman Point, Mumbai – 400 021, Maharashtra to the present address w.e.f. 15.10.2012.

GLOBAL ECONOMIC CONDITIONS IMPACTING PERFORMANCE OF THE COMPANY:

The world Gross Domestic Product (G.D.P.), as reported by the International Monetary Fund, witnessed a moderate growth of 3.1% in 2012 as compared to growth of 3.90% in 2011. Projections for 2013 and 2014 stands at 3.1% and 3.8% respectively. While growth in advanced economies was 1.2% in 2012 in contrast to 1.7% in 2011, growth in the emerging and developing economies fell to 4.9% in 2012 compared to 6.2% in 2011.

Projection for growth in 2013 stood at 5.0%, which is anticipated to grow at 5.4% in 2014.

Report also states that cyclical positions and vulnerabilities vary across emerging market and developing economies, but prospects of monetary policy normalization in the United States and a potential capital flow reversal have heightened some policy tradeoffs.

In the backdrop of a weak global economy and a challenging market situation in India, top line growth of the Company was seriously impacted which is 20.35% lower than the last year. Government of India has notified revised Central Pollution Control Board (CPCB) norms, which has become effective from July 1, 2014. This upward revision in the norms is expected to increase the cost of engines purchased by the Company, which the Company hopes to pass on to the Consumers, which in the short run may further impact the top line growth of the Company. Board is confident that in the long run Company will be able to improve both the top line as well as bottom line of performance of the Company.

INDEX OF CHARGES:

S. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10521092	08/08/2014	150,000,000.00	STANDARD CHARTERED BANK	ABHIJEET II, GROUND FLOOR, NEW MITHAKALI SIX ROADS, AHMEDABAD, GUJARAT - 380006, INDIA	C21633359
2	10496714	27/04/2015 *	1,220,000,000.00	STANDARD CHARTERED BANK	ABHIJEET II, GROUND FLOOR, NEW MITHAKALI SIX ROADS, AHMEDABAD, GUJARAT - 380006, INDIA	C53363370
3	10490996	31/03/2014	1,000,000,000.00	BNP PARIBAS	UNIT NO. 203, SAKAR II, NEAR TOWN HALL, EIIIS BRIDGE, AHMEDABAD, GUJARAT - 380006, INDIA	C03988995
4	10335353	07/02/2012	1,000,000,000.00	CITIBANK N. A.	14, VALMIK COMPLEX, NEAR PARIMAL GARDEN, AMBAWADI, AHMEDABAD, GUJARAT - 380006, INDIA	B32027724
5	10261400	15/12/2010	455,000,000.00	STANDARD CHARTERED BANK	ABHIJEET II, MITHAKALI SIX ROAD, AHMEDABAD, GUJARAT - 380006, INDIA	B03356250
6	10208319	30/01/2012 *	450,000,000.00	STANDARD CHARTERED BANK	ABHIJEET II, GROUND FLOOR, NEAR MITHAKALI SIX ROADS, AHMEDABAD, GUJARAT - 380006, INDIA	B60828027
7	90229643	17/06/2009 *	350,000,000.00	CITIBANK N.A.	BANDRA KURLA COMPLEX, G-BLOCK, BANDRA (EAST), MUMBAI, MAHARASHTRA - 400051, INDIA	A64034424
8	90231935	16/10/1999 *	80,000,000.00	BANQUE NATIONALE DE PARIS	FRENCH BANK BUILDING 62 HOMJI STREET, BOMBAY, MAHARASHTRA - 400001, INDIA	-
9	90235689	21/07/2006 *	80,000,000.00	BNP PARIBAS	FRENCH BANK BUILDING, 62, HOMJI STREET, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA	-
10	90227901	05/02/1991 *	5,500,000.00	BANQUE NATIONALE DE PARIS	62 HOMJI STREET, BOMBAY, MAHARASHTRA - 400001, INDIA	-

* Date of charge modification

CONTINGENT LIABILITIES:

Particulars	31.03.2014 (Rs. in million)	31.03.2013 (Rs. in million)
a) Stamp duty demands disputed pending in appeal	Nil	5.850
b) Bank Letter of Credit outstanding at the year end	Nil	275.950
c) Estimated amount of contracts remaining to be executed on capital account and not provided for, net of advances	1851.210	66.390
d) Sales Tax demand disputed, contested in appeal	2.160	7.170
Amount paid there against and shown as Advances Recoverable	2.160	3.360
e) Service Tax demand disputed, contested in appeal	0.310	1.690
Amount paid there against and shown as Advances Recoverable	Nil	Nil
f) Excise Duty demand disputed, contested in appeal	1.970	1.970
Amount paid there against and shown as Advances Recoverable	0.590	0.590
g) Income Tax demand disputed, contested in appeal	3.330	3.330
Amount paid there against and shown as Advances Recoverable	Nil	Nil
h) Claims against the Company not acknowledged as debt	Nil	2.370

FIXED ASSETS:

Tangible Assets

· Land

· Buildings

· Office Building

· Plant and Equipment

· Other plant and Equipment

· Furniture and Fixtures

· Vehicles

· Office Equipment

· Computer Equipments

· Other Equipments

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.65.48
UK Pound	1	Rs.101.06
Euro	1	Rs.72.22

INFORMATION DETAILS

Information Gathered by :	DIP
Analysis Done by :	DIV
Report Prepared by :	NKT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	8
PAID-UP CAPITAL	1~10	7
OPERATING SCALE	1~10	7
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	7
--PROFITABILITY	1~10	7
--LIQUIDITY	1~10	7
--LEVERAGE	1~10	7
--RESERVES	1~10	8
--CREDIT LINES	1~10	7
--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		65

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.