MIRA INFORM REPORT

Report No. :	347909
Report Date :	04.11.2015

IDENTIFICATION DETAILS

Name :	T.V. SUNDRAM IYENGAR AND SONS PRIVATE LIMITED [w.e.f.30.03.2015]
Formerly Known As :	T.V. SUNDRAM IYENGAR AND SONS LIMITED
Registered Office :	TVS Building, West Veli Street, Madurai – 625001, Tamilnadu
Tel. No.:	91-80-49133200
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	11.10.1929
Com. Reg. No.:	18-002973
Capital Investment / Paid-up Capital :	Rs.114.400 Million
CIN No.: [Company Identification No.]	U34101TN1929PTC002973
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AABCT0159K
Legal Form :	Private Limited Liability Company.
Line of Business :	Trader and Distributor of automobile vehicles, Distribution of spares for after–market, products for off highway application like Construction and Material handling.
No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

AA (72)

RATING		STATUS	PROPOSED CREDIT LINE
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

Maximum Credit Limit :	USD 9600000
Status :	Excellent
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is a part of TVS group and is one of the larger dealers for Medium and Heavy Commercial Vehicles/ passenger vehicles in India and also acts as key distributor of automotive components. It is an old well-established company incorporated in the year 1929 having fine track. As per financial of the year 2014, company’s profit margin seems to be below average, however, overall financial position of the company is strong and healthy. Further, rating also takes into consideration company’s strong support from its parent company, established market position and wide distribution network in the automotive industry. Trade relations are fair. Business is active. Payments are reported to be correct and as per commitments. In view of strong parentage and its established market position, the company can be considered normal 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 – 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	ICRA
Rating	Long Term Bank Facilities = AA
Rating Explanation	High degree of safety and very low credit risk.
Date	March, 2015

Rating Agency Name	ICRA
Rating	Short term Bank Facilities = A1+
Rating Explanation	Very strong degree of safety and carry lowest credit risk.
Date	March, 2015

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

MANAGEMENT NON-COOPERATIVE [Tel No.:91-80-49133200]

LOCATIONS

Registered Office :	TVS Building, West Veli Street, Madurai – 625001, Tamilnadu, India
Tel. No.:	91-80-49133200/ 91-452-2356400
Fax No.:	91-452-2341587
E-Mail :	bgsarma@tvs.in
Website :	http://www.sundarammotors.com
Chennai Office :	58, Eldams Road, Teynampet, Chennai – 600018, Tamilnadu, India
Tel. No.:	91-44-66793222 91-44-28349650
Fax No.:	91-44-66793035
Corporate Office.	Bagmane Tech Park, Bagmane Laurel, Level 7 (6^th Floor), C. V. Raman Nagar, Bangalore – 560093
Tel. No.:	91-80-49133200
Fax No.:	91-80-67179001
E-Mail :	contactus@tvsics.com operations@tvsics.com
TVS Division:	Madurai, Tirunelveli, Tiruchirapalli, Pudukottai, Salem, Coimbatore, Dharmapuri, Villupuram, Namakkal, Thiruvananthapuram, Ernakulam, Kottayam, Kannur, Kozhikode, Kollam, Palakkad, Thrissur, Malappuram, Pondicherry, Indore, Bhopal, Rewa, Ratlam, Gwalior, Raipur, Jabalpur, Kanpur, Lucknow, Bareilly, Haldwani, Meerut and `Bangalore.
Sundaram Motors Division:	Chennai, Poonamallee, Vellore, Bangalore, Shimoga, Mysore, Mangalore, Hubli, Gulbarga, Belgaum, Bellary, Yeshwantpur, Secunderabad, Visakhapatnam, Vijayawada, Nellore, Kakinada, Cuddapah, Hyderabad, Pondicherry, Ponda (Goa), Kolhapur, Pune, Mumbai, Nagpur, Cuttack, Berhampur and Ahmedabad.
Madras Auto Services Division:	Chennai, Salem, Coimbatore, Erode, Vellore, Tiruchirapalli, Bangalore, Shimoga, Mysore, Hubli, Mangalore, Bellary, Belagum, Margoa, Visakhapatnam, Kurnool, Nellore, Hyderabad, Rajahmundry, Ernakulam, Kottayam, Kannur, Kozhikode, Thrissur, Kolhapur, Pune, Nagpur, Aurangabad, Bhopal, Raipur and Indore.
Chennai Office :	58, Eldams Road, Teynampet, Chennai – 600018, Tamilnadu, India
Tel. No.:	91-44-66793222 91-44-28349650
Fax No.:	91-44-66793035

DIRECTORS

AS ON 23.09.2014

Name :

Mr. Suresh Krishna

Designation :

Director

Address :

79, Poes Garden, Chennai – 600 086, Tamilnadu, India

Date of Birth/Age :

24.12.1936

Date of Appointment :

25.12.1970

DIN No.:

00046919

PAN No.:

AABPK3154E

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	L35999TN1962PLC004943	SUNDRAM FASTENERS LIMITED	Managing director	01-07-2011	26-08-1964	-	Active	NO
2	U34101TN1929PTC002973	T.V. SUNDRAM IYENGAR AND SONS PRIVATE LIMITED	Director	25-12-1970	25-12-1970	-	Active	NO
3	U27209TN1962PLC004760	TVS SEWING NEEDLES LIMITED	Director	26-06-1975	26-06-1975	24-12-2011	Active	NO
4	U35999TN1961PLC004678	LUCAS TVS LIMITED	Director	02-02-1979	02-02-1979	24-03-2012	Active	NO
5	L35999TN1962PLC004792	SUNDARAM -CLAYTON LIMITED	Director	23-07-2008	23-05-1979	24-12-2011	Active	NO
6	L27100MH1907PLC000260	TATA STEEL LIMITED	Director	02-03-1994	02-03-1994	24-12-2011	Active	NO
7	U40108TN1994PLC029132	SUNDRAM NON-CONVENTIONAL ENERGY SYSTEMS LIMITED	Director	04-11-1994	04-11-1994	-	Active	NO
8	U63011TN2004PLC054655	TVS LOGISTICS SERVICES LIMITED	Director	16-11-2004	16-11-2004	-	Active	NO
9	U65991TN1992PLC022619	UPASANA ENGINEERING LIMITED	Director	20-08-2008	16-04-2008	-	Active	NO

Name :

Mr. Krishna Ramesh

Designation :

Director

Address :

No. 18, Jawahar Road, Chkkikulam, Madurai – 625 002, Tamilnadu, India

Date of Birth/Age :

17.02.1939

Date of Appointment :

25.12.1970

DIN No.:

00556922

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	U34101TN1929PTC002973	T.V. SUNDRAM IYENGAR AND SONS PRIVATE LIMITED	Director	25-12-1970	25-12-1970	-	Active	NO
2	L35999TN1962PLC004943	SUNDRAM FASTENERS LIMITED	Director	21-12-1971	21-12-1971	-	Active	NO
3	U27209TN1962PLC004760	TVS SEWING NEEDLES LIMITED	Director	06-03-1972	06-03-1972	-	Active	NO
4	U65991TN1943PTC002656	SUNDARAM INDUSTRIES PRIVATE LIMITED	Director	14-06-1972	14-06-1972	-	Active	NO
5	U60221TN1946PLC002582	SOUTHERN ROADWAYS LIMITED	Managing director	23-04-2010	27-09-1975	-	Active	NO
6	L34300TN1974PLC006703	SUNDARAM BRAKE LININGS LIMITED	Director	16-11-1982	16-11-1982	-	Active	NO
7	U17111TN1960PLC004340	SUNDARAM TEXTILES LIMITED	Director	27-08-2004	27-08-2004	-	Active	NO
8	U01211TN1982PLC009203	MENAL FARMS LIMITED	Director	23-02-2015	23-02-2015	-	Active	NO

Name :

Mr. Santhanam Ram

Designation :

Director

Address :

Old No. 29, New No. 57, Prithvi Avenue, Chennai – 600 018, Tamilnadu, India

Date of Birth/Age :

27.04.1940

Date of Appointment :

01.09.2015

DIN No.:

00018309

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	U34101TN1929PTC002973	T.V. SUNDRAM IYENGAR AND SONS PRIVATE LIMITED	Managing director	01-09-2015	25-12-1970	-	Active	NO
2	U65991TN1943PTC002656	SUNDARAM INDUSTRIES PRIVATE LIMITED	Director	14-06-1972	14-06-1972	-	Active	NO
3	L35921TN1960PLC004175	WHEELS INDIA LIMITED	Director	01-09-2015	28-05-1974	-	Active	NO
4	U60221TN1946PLC002582	SOUTHERN ROADWAYS LIMITED	Director	24-04-1975	24-04-1975	-	Active	NO
5	U27209TN1981PLC008630	AXLES INDIA LIMITED	Director	01-04-2012	18-02-1981	-	Active	NO
6	L65191TN1954PLC002429	SUNDARAM FINANCE LIMITED	Director	27-09-1988	27-09-1988	-	Active	NO
7	U35202TN1998PLC041466	GLOBAL TVS BUS BODY BUILDERS LIMITED	Director	05-02-2001	05-02-2001	-	Active	NO
8	U63011TN2004PLC054655	TVS LOGISTICS SERVICES LIMITED	Director	16-11-2004	16-11-2004	-	Active	NO
9	L65991TN1954PLC000958	INDIA MOTOR AND ACCESSORIES LIMITED	Director	23-01-2015	24-01-2006	-	Active	NO

Name :

Mr. Krishna Mahesh

Designation :

Whole-time Director

Address :

New no. 81, old No. 39, First Main Road, Raja Annamali Puram, Chennai – 600 028, Tamilnadu, India

Date of Birth/Age :

11.10.1943

Date of Appointment :

23.09.2015

DIN No.:

00051438

PAN No.:

AFZPM3304H

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	U60221TN1946PLC002582	SOUTHERN ROADWAYS LIMITED	Director	29-01-1975	29-01-1975	-	Active	NO
2	L34300TN1974PLC006703	SUNDARAM BRAKE LININGS LIMITED	Director	26-05-2014	23-04-1975	-	Active	NO
3	L35999TN1962PLC004792	SUNDARAM -CLAYTON LIMITED	Director	28-07-1975	28-07-1975	-	Active	NO
4	U34101TN1929PTC002973	T.V. SUNDRAM IYENGAR AND SONS PRIVATE LIMITED	Whole-time director	23-09-2015	30-08-1976	-	Active	NO
5	U65991TN1943PTC002656	SUNDARAM INDUSTRIES PRIVATE LIMITED	Director	30-11-1978	30-11-1978	15-06-2013	Active	NO
6	U29309TN1997PTC038164	TVS GLOBAL TRADE PRIVATE LIMITED	Director	13-05-1997	13-05-1997	-	Active	NO
7	U17111TN1960PLC004340	SUNDARAM TEXTILES LIMITED	Director	28-09-2006	28-09-2006	-	Active	NO

Name :

Mr. Santhanam Viji

Designation :

Director

Address :

Old No. 33, New No. 71, poes Garden, Chennai – 600 086, Tamilnadu, India

Date of Birth/Age :

07.06.1946

Date of Appointment :

30.08.1976

DIN No.:

00139043

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	U35999TN1962PTC004928	BRAKES INDIA PRIVATE LIMITED	Managing director	01-04-2015	02-10-1975	-	Active	NO
2	U34101TN1929PTC002973	T.V. SUNDRAM IYENGAR AND SONS PRIVATE LIMITED	Director	30-08-1976	30-08-1976	-	Active	NO
3	U65991TN1943PTC002656	SUNDARAM INDUSTRIES PRIVATE LIMITED	Director	30-11-1978	30-11-1978	-	Active	NO
4	L65191TN1954PLC002429	SUNDARAM FINANCE LIMITED	Director	17-01-1986	17-01-1986	-	Active	NO
5	L35921TN1960PLC004175	WHEELS INDIA LIMITED	Director	31-07-1986	31-07-1986	-	Active	NO
6	U28920TN1993PTC025794	SUNDARAM DYNACAST PRIVATE LIMITED	Director	30-10-1993	30-10-1993	-	Active	NO
7	U65922TN1999PLC042759	SUNDARAM BNP PARIBAS HOME FINANCE LIMITED	Director	02-07-1999	02-07-1999	-	Active	NO
8	U67200TN2000PLC045611	ROYAL SUNDARAM ALLIANCE INSURANCE COMPANY LIMITED	Director	22-08-2000	22-08-2000	-	Active	NO
9	U65999TN2003PLC052058	SUNDARAM TRUSTEE COMPANY LIMITED	Nominee director	08-12-2003	08-12-2003	-	Active	NO
10	U73100TN2006NPL059651	IIT MADRAS RESEARCH PARK	Director	27-09-2010	15-12-2009	-	Active	NO
11	U28113TN2010PTC075244	FLOMETALLIC INDIA PRIVATE LIMITED	Director	05-04-2010	05-04-2010	25-09-2010	Active	NO
12	U74900TN2010PLC076378	BIH BRAKING COMPANY LIMITED	Director	30-06-2010	30-06-2010	-	Active	NO

Name :

Mr. Venu Srinivasan

Designation :

Director

Address :

3 Adyar Club Gate Road, R A Puram, Chennai – 600 028, Tamilnadu, India

Date of Birth/Age :

11.12.1952

Date of Appointment :

29.06.1979

DIN No.:

00051523

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	L35999TN1962PLC004792	SUNDARAM -CLAYTON LIMITED	Managing director	23-05-2014	23-05-1979	-	Active	NO
2	L35999TN1962PLC004943	SUNDRAM FASTENERS LIMITED	Director	21-08-2015	15-06-1979	-	Active	NO
3	U34101TN1929PTC002973	T.V. SUNDRAM IYENGAR AND SONS PRIVATE LIMITED	Director	29-06-1979	29-06-1979	-	Active	NO
4	U60221TN1946PLC002582	SOUTHERN ROADWAYS LIMITED	Director	30-06-1979	30-06-1979	-	Active	NO
5	U35999TN1961PLC004678	LUCAS TVS LIMITED	Director	16-04-1991	16-04-1991	-	Active	NO
6	U40108TN1994PLC029132	SUNDRAM NON-CONVENTIONAL ENERGY SYSTEMS LIMITED	Director	06-02-1995	06-02-1995	18-09-2014	Active	NO
7	U65191TN1998PLC039853	CHENNAI BUSINESS CONSULTING SERVICES LIMITED	Director	19-01-1999	19-01-1999	22-06-2009	Active	NO
8	U24293TN1999PLC042327	HARITA-NTI LIMITED	Director	22-04-1999	22-04-1999	-	Active	NO
9	L29112PN1962PLC012276	CUMMINS INDIA LIMITED	Director	01-08-2014	27-01-2000	-	Active	NO
10	L35921TN1992PLC022845	TVS MOTOR COMPANY LIMITED	Managing director	29-07-2015	27-01-2000	-	Active	NO
11	L30007TN1995PLC032941	TVS ELECTRONICS LIMITED	Director	18-08-2003	18-08-2003	31-07-2008	Active	NO
12	L34103TN2004PLC054667	WABCO INDIA LIMITED	Director	28-03-2008	18-11-2004	19-05-2010	Active	NO
13	U01132TN2006PLC061095	EMERALD HAVEN ESTATES LIMITED	Director	13-09-2006	13-09-2006	27-11-2007	Active	NO
14	U17111TN1960PLC004340	SUNDARAM TEXTILES LIMITED	Director	28-09-2006	28-09-2006	02-08-2010	Active	NO
15	U99999DL1983NPL014987	AGA KHAN RURAL SUPPORT PROGRAMME (INDIA)	Director	07-04-2008	07-04-2008	-	Active	NO
16	U65191TN1994PLC028851	TVS CAPITAL FUNDS LIMITED	Director	14-09-2009	28-08-2008	05-08-2013	Active	NO
17	U40109DL2008PLC275062	GREEN INFRA BTV LIMITED	Director	01-09-2008	01-09-2008	16-08-2013	Active	NO
18	L01131KA1943PLC000833	TATA COFFEE LIMITED	Director	24-07-2009	13-10-2008	01-09-2014	Active	NO
19	L55101TN1970PLC005897	ORIENTAL HOTELS LIMITED	Director	27-07-2010	17-10-2008	11-08-2014	Active	NO
20	U93090TN1983GAT009948	TVS MOTOR HARITA EMPLOYEES WELFARE FOUNDATION PRIVATE LIMITED	Director	31-08-2009	18-05-2009	01-02-2012	Active	NO
21	U65920TN2008PLC069758	TVS CREDIT SERVICES LIMITED	Director	23-06-2010	21-06-2010	-	Active	NO
22	U65993TN2004PLC054696	SUNDARAM INVESTMENT LIMITED	Director	25-09-2013	05-08-2013	-	Active	NO

Name :

Mr. Gopal Srinivasan

Designation :

Director

Address :

West Side House, 3 Adyar Club Gate Road, Chennai – 600028, Tamilnadu, India

Date of Birth/Age :

04.08.1958

Date of Appointment :

31.08.1979

DIN No.:

00177699

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	U34101TN1929PTC002973	T.V. SUNDRAM IYENGAR AND SONS PRIVATE LIMITED	Director	31-08-1979	31-08-1979	-	Active	NO
2	U65991TN1943PTC002656	SUNDARAM INDUSTRIES PRIVATE LIMITED	Director	31-08-1979	31-08-1979	-	Active	NO
3	L35999TN1962PLC004792	SUNDARAM -CLAYTON LIMITED	Director	18-08-2008	29-11-1985	-	Active	NO
4	U65191TN1994PLC028851	TVS CAPITAL FUNDS LIMITED	Managing director	01-11-2013	25-05-1995	-	Active	NO
5	U35999TN1961PLC004678	LUCAS TVS LIMITED	Director	28-03-1996	28-03-1996	-	Active	NO
6	U30007TN1997PTC038151	HARITA ELECTRONICS PRIVATE LIMITED	Director	09-05-1997	09-05-1997	-	Active	NO
7	U65191TN1998PLC039853	CHENNAI BUSINESS CONSULTING SERVICES LIMITED	Director	19-01-1999	19-01-1999	20-11-2012	Active	NO
8	U72200MH1989PLC166901	ICICI VENTURE FUNDS MANAGEMENT COMPANY LIMITED	Director	12-07-1999	12-07-1999	28-07-2008	Active	NO
9	L35921TN1992PLC022845	TVS MOTOR COMPANY LIMITED	Director	27-01-2000	27-01-2000	14-08-2008	Active	NO
10	U30006TN1996PLC035418	HARITA TECHSERV LIMITED	Director	05-12-2001	05-12-2001	-	Active	NO
11	L30007TN1995PLC032941	TVS ELECTRONICS LIMITED	Nominee director	23-10-2008	18-07-2003	-	Active	NO
12	U65993TN2004PLC054696	SUNDARAM INVESTMENT LIMITED	Managing director	01-01-2014	22-11-2004	-	Active	NO
13	U72900MH2001NPL133410	MEDIA LAB ASIA	Director	28-12-2004	28-12-2004	24-03-2011	Active	NO
14	U63011TN2004PLC054655	TVS LOGISTICS SERVICES LIMITED	Director	05-08-2005	05-08-2005	-	Active	NO
15	U80301TN2004NPL052529	GREAT LAKES INSTITUTE OF MANAGEMENT	Director	19-01-2007	19-01-2007	03-05-2011	Active	NO
16	U72500TN2007PLC063540	TVS-E SERVICETEC LIMITED	Director	29-08-2008	17-05-2007	-	Amalgamated	NO
17	U72200TN2007PLC064091	HARITA ACADEMY LIMITED	Director	28-08-2008	25-06-2007	28-09-2012	Strike off	NO
18	U65991TN2007PLC064133	TVS CAPITAL FUNDS LIMITED	Managing director	01-04-2013	28-06-2007	-	Amalgamated	NO
19	U67190MH2005PLC153819	MILESTONE CAPITAL ADVISORS LIMITED	Director	28-06-2007	28-06-2007	20-04-2009	Active	NO
20	U72900TN2007FTC065500	GRANDTECH INDIA PRIVATE LIMITED	Director	26-11-2007	26-11-2007	21-09-2011	Active	NO
21	U74140TN2004PTC052667	CROSS CREEK CHANNEL INVESTMENT ADVISORS PRIVATE LIMITED	Director	05-08-2009	10-05-2008	-	Active	NO
22	U22300DL2007PTC167650	NINE DOT NINE MEDIAWORX PRIVATE LIMITED	Nominee director	10-10-2008	10-10-2008	12-05-2010	Active	NO
23	U70109MH2006PLC160918	LANDMARK LIMITED (PART IX)	Director	17-08-2010	04-11-2009	19-04-2013	Amalgamated	NO
24	U93000KA2008PTC046355	NEXTWEALTH ENTREPRENEURS PRIVATE LIMITED	Director	11-02-2010	11-02-2010	-	Active	NO
25	U85110TN2010PTC075352	MEDFORT HOSPITALS PRIVATE LIMITED	Additional director	22-11-2010	22-11-2010	19-01-2011	Active	NO
26	U15499DL2005PTC139631	OM PIZZAS AND EATS INDIA PRIVATE LIMITED	Director	24-12-2010	24-12-2010	13-03-2012	Active	NO
27	U55101MH2010PTC209517	SK RESTAURANTS PRIVATE LIMITED	Nominee director	05-06-2014	01-03-2011	15-09-2015	Active	NO
28	U74900TN2011PLC083371	SUNDARAM ENGINEERING PRODUCTS SERVICES LIMITED	Director	01-12-2011	01-12-2011	-	Active	NO
29	U74300DL2007PTC158884	MOSAIC MEDIA VENTURES PRIVATE LIMITED	Director	20-09-2012	25-04-2012	05-03-2015	Active	NO
30	U01111MH1997PLC208346	DUNAR FOODS LIMITED	Nominee director	28-09-2012	28-09-2012	13-09-2013	Active	NO
31	U74900DL2010NPL198236	IVC ASSOCIATION	Additional director	28-08-2015	28-08-2015	-	Active	NO

Name :

Tirumala Kumara Balaji

Designation :

Director

Address :

34 Poes Garden, Chennai - 600086, Tamilnadu, India

Date of Birth/Age :

12.07.1948

Date of Appointment :

31.08.1979

DIN No.:

00002010

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	U35999TN1961PLC004678	LUCAS TVS LIMITED	Managing director	24-08-2014	24-08-1979	-	Active	NO
2	U34101TN1929PTC002973	T.V. SUNDRAM IYENGAR AND SONS PRIVATE LIMITED	Director	31-08-1979	31-08-1979	-	Active	NO
3	U24117TN1952PLC005704	DELPHI-TVS DIESEL SYSTEMS LIMITED	Managing director	01-04-2012	15-10-1979	-	Active	NO
4	U35999TN1930PLC005705	LUCAS INDIAN SERVICE LIMITED	Director	26-03-2015	15-10-1979	-	Active	NO
5	L35999TN1962PLC004792	SUNDARAM -CLAYTON LIMITED	Director	28-11-1984	28-11-1984	-	Active	NO
6	L74999TZ1984PLC001456	TITAN COMPANY LIMITED	Director	01-08-2014	01-03-1986	-	Active	NO
7	L31901TN1984PLC011021	INDIA NIPPON ELECTRICALS LIMITED	Director	28-07-1986	28-07-1986	-	Active	NO
8	U40109TN1996PTC037208	INDIA JAPAN LIGHTING PRIVATE LIMITED	Director	27-12-1996	27-12-1996	-	Active	NO
9	U30007TN1997PTC038151	HARITA ELECTRONICS PRIVATE LIMITED	Director	09-05-1997	09-05-1997	-	Active	NO
10	L35921TN1992PLC022845	TVS MOTOR COMPANY LIMITED	Director	15-02-2000	15-02-2000	14-08-2008	Active	NO
11	U93090TN1983NPL010186	HASTHAM SWASTHI PRIVATE LIMITED	Director	16-03-2000	16-03-2000	-	Active	NO
12	U93090TN1983NPL010185	PUNARVASU SWASTHI PRIVATE LIMITED	Director	16-03-2000	16-03-2000	-	Active	NO
13	L85110TN1979PLC008035	APOLLO HOSPITALS ENTERPRISE LIMITED	Director	17-09-2001	17-09-2001	15-04-2014	Active	NO
14	L30007TN1995PLC032941	TVS ELECTRONICS LIMITED	Director	18-07-2003	18-07-2003	04-08-2008	Active	NO
15	U50101TN2005PLC057476	TVS AUTOMOTIVE SYSTEMS LIMITED	Director	14-09-2005	14-09-2005	-	Active	NO
16	U65191TN1994PLC028851	TVS CAPITAL FUNDS LIMITED	Director	14-09-2009	28-08-2008	05-08-2013	Active	NO
17	U65920TN2008PLC069758	TVS CREDIT SERVICES LIMITED	Director	23-06-2010	03-05-2010	-	Active	NO
18	U65993TN2004PLC054696	SUNDARAM INVESTMENT LIMITED	Director	25-09-2013	05-08-2013	-	Active	NO

Name :

Mr. Haresh Ramachandhran

Designation :

Managing Director

Address :

16 Jawahar Road, Chokkikulam, Madurai – 625 002, Tamilnadu, India

Date of Birth/Age :

29.11.1954

Date of Appointment :

23.09.2015

DIN No.:

00363096

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	U34101TN1929PTC002973	T.V. SUNDRAM IYENGAR AND SONS PRIVATE LIMITED	Managing director	23-09-2015	30-09-1980	-	Active	NO
2	U65991TN1943PTC002656	SUNDARAM INDUSTRIES PRIVATE LIMITED	Director	05-03-1991	05-03-1991	-	Active	NO
3	U30007TN1993PTC026291	ZF ELECTRONICS TVS (INDIA) PRIVATE LIMITED	Director	01-12-1993	01-12-1993	-	Active	NO
4	U30007TN1995PLC033338	TVS TELECOM COMPONENTS LIMITED	Director	26-10-1995	26-10-1995	-	Strike off	NO
5	U35202TN1998PLC041466	GLOBAL TVS BUS BODY BUILDERS LIMITED	Director	23-11-1998	23-11-1998	11-02-2014	Active	NO
6	U72300TN1997PLC039110	TVS INTERCONNECT SYSTEMS LIMITED	Managing director	06-05-2011	10-11-1999	-	Active	NO
7	U72300MH2000PTC123780	SOFTDEL SYSTEMS PRIVATE LIMITED	Director	23-05-2000	23-05-2000	13-06-2012	Active	NO
8	U67200TN2000PLC045611	ROYAL SUNDARAM ALLIANCE INSURANCE COMPANY LIMITED	Director	22-10-2000	22-10-2000	25-03-2010	Active	NO
9	U72900TN2007PLC063049	INDIA TELECOM INFRA LIMITED	Director	10-12-2009	09-04-2007	-	Amalgamated	NO
10	U65921TN2007PLC063294	NSM HOLDINGS LIMITED	Director	27-04-2007	27-04-2007	-	Active	NO
11	U72900TN2004PLC054575	MOKA TECHNOLOGY SERVICES LIMITED	Director	20-08-2007	14-07-2007	30-07-2012	Active	NO
12	U51900TN2009PLC072487	TOR AUTO COMPONENTS LIMITED	Director	05-08-2009	05-08-2009	22-03-2014	Active	NO
13	U32204TN2009PLC072529	NK TELECOM PRODUCTS LIMITED	Director	10-08-2009	10-08-2009	-	Active	NO
14	U65100TN2010PLC074498	TVS SRICHAKRA INVESTMENTS LIMITED	Director	03-08-2011	05-02-2010	-	Active	NO
15	U70102TG2002PTC038713	ASCEND TELECOM INFRASTRUCTURE PRIVATE LIMITED	Additional director	27-03-2012	27-03-2012	10-07-2012	Active	NO
16	U25190TN2013PLC090952	UTHIRAM RUBBER PRODUCTS LIMITED	Director	06-05-2013	06-05-2013	-	Active	NO
17	AAB-1329	PHI CAPITAL MANAGEMENT LLP	Designated Partner	18-09-2013	18-09-2013	-	Active	NO

Name :

Mr. Ramchandran Dinesh

Designation :

Managing Director

Address :

16 Jawahar Road, Chokkikulam, Madurai – 625 002, Tamilnadu, India

Date of Birth/Age :

25.02.1965

Date of Appointment :

01.04.2013

DIN No.:

00363300

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	U34101TN1929PTC002973	T.V. SUNDRAM IYENGAR AND SONS PRIVATE LIMITED	Managing director	01-04-2013	27-05-1998	-	Active	NO
2	U72300TN1997PLC039110	TVS INTERCONNECT SYSTEMS LIMITED	Director	28-09-1998	28-09-1998	24-09-2013	Active	NO
3	U35202TN1998PLC041466	GLOBAL TVS BUS BODY BUILDERS LIMITED	Director	23-11-1998	23-11-1998	-	Active	NO
4	U63011TN2004PLC054655	TVS LOGISTICS SERVICES LIMITED	Managing director	06-11-2013	16-11-2004	-	Active	NO
5	U72900TN2007PLC063049	INDIA TELECOM INFRA LIMITED	Director	09-04-2007	09-04-2007	04-03-2008	Amalgamated	NO
6	U65921TN2007PLC063294	NSM HOLDINGS LIMITED	Director	27-04-2007	27-04-2007	17-10-2013	Active	NO
7	U45200MH2005PLC154628	TVS INFRASTRUCTURE LIMITED	Director	24-09-2007	30-04-2007	-	Active	NO
8	U63010TN2007PLC064282	TVS DYNAMIC GLOBAL FREIGHT SERVICES LIMITED	Director	19-07-2007	19-07-2007	14-08-2015	Active	NO
9	U60200TN2008PLC068631	TVS COMMUTATION SOLUTIONS LIMITED	Director	21-07-2008	21-07-2008	-	Active	NO
10	U51220MH1944PTC004124	THE ASSOCIATED AUTO PARTS PRIVATE LIMITED	Director	29-09-2008	01-09-2008	-	Active	NO
11	U50102MH2009PTC195226	FIXALL AUTOMOTIVE SERVICES PRIVATE LIMITED	Director	25-08-2009	25-08-2009	-	Active	NO
12	U60100TN2010PLC074341	TVS AVIATION LOGISTICS LIMITED	Director	22-01-2010	22-01-2010	04-06-2013	Active	NO
13	U34100TN2009PLC071439	TVS AUTOMOBILE SOLUTIONS LIMITED	Director	13-12-2010	12-11-2010	-	Active	NO
14	U60200TN2009PLC071624	TVS RHR FINISHED VEHICLES LOGISTICS SOLUTIONS LIMITED	Director	29-09-2011	29-12-2010	31-03-2013	Active	NO
15	U51109TN2011PTC083208	DINRAM HOLDINGS PRIVATE LIMITED	Director	18-11-2011	18-11-2011	-	Active	NO
16	U74910TN2000PTC046218	APARAJITHA CORPORATE SERVICES PRIVATE LIMITED	Director	25-06-2015	28-03-2012	-	Active	NO
17	U50300GJ2012PLC069099	ESSEX AUTOMOBILE SOLUTIONS LIMITED	Director	14-08-2013	29-03-2012	24-06-2015	Active	NO
18	U74990TN2010PLC076131	FLEXOL PACKAGING (INDIA) LIMITED	Director	29-09-2012	31-03-2012	27-03-2015	Active	NO
19	U50300KL2012PLC030459	FOCUZ AUTOMOBILE SERVICES LIMITED	Director	05-08-2013	24-04-2013	-	Active	NO
20	U72300TN1994PLC029467	TVS INFOTECH LIMITED	Director	30-09-2014	04-09-2014	-	Active	NO
21	U50401TN2015PLC099739	TVS AUTO ASSIST (INDIA) LIMITED	Director	01-07-2015	01-07-2015	-	Active	NO

Name :

Mr. Srinath Ratnam Rajam

Designation :

Director

Address :

16 Jawahar Road, Chokkikulam, Madurai – 625 002, Tamilnadu, India

Date of Birth/Age :

30.01.1957

Date of Appointment :

16.06.2005

DIN No.:

00054758

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	U65991TN1943PTC002656	SUNDARAM INDUSTRIES PRIVATE LIMITED	Director	16-03-1983	16-03-1983	-	Active	NO
2	U93090TN1987PLC032239	TVSC-SGI INTERNATIONAL LIMITED	Director	21-01-1987	21-01-1987	-	Active	NO
3	U65993TN1983PTC009853	SRIYA HOLDING PRIVATE LIMITED	Director	24-06-1993	24-06-1993	-	Active	NO
4	U65993TN1983PTC009852	VARSHA HOLDING PRIVATE LIMITED	Director	24-06-1993	24-06-1993	-	Active	NO
5	U18209TN1994PLC028648	SPORT GLOVE INDIA LTD	Director	16-09-1994	16-09-1994	-	Active	NO
6	U25192TN2002PLC048368	KWIK PATCH LIMITED	Managing director	01-01-2011	01-04-2004	-	Active	NO
7	U34101TN1929PTC002973	T.V. SUNDRAM IYENGAR AND SONS PRIVATE LIMITED	Director	16-06-2005	16-06-2005	-	Active	NO
8	U29129TN1983PLC009786	SUNCO MACHINES LIMITED	Director	22-07-2005	22-07-2005	-	Active	NO
9	U50200TN2012PLC089156	MYERS TYRE SUPPLY (INDIA) LIMITED	Additional director	06-08-2015	06-08-2015	-	Active	NO

Name :

Mr. Srivats Ram

Designation :

Director

Address :

Old No. 29, New No. 57, prithvi Avenue, Chennai – 600 018, Tamilnadu, India

Date of Birth/Age :

20.02.1970

Date of Appointment :

16.06.2005

DIN No.:

00063415

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	U65993TN1982PLC009756	MAHAM HOLDINGS LIMITED	Director	26-06-1989	26-06-1989	-	Active	NO
2	U65993TN1982PTC009755	REVATHI HOLDINGS PRIVATE LIMITED	Director	26-06-1989	26-06-1989	-	Active	NO
3	L35921TN1960PLC004175	WHEELS INDIA LIMITED	Managing director	01-05-2013	01-10-2000	-	Active	NO
4	U34101TN1929PTC002973	T.V. SUNDRAM IYENGAR AND SONS PRIVATE LIMITED	Director	16-06-2005	16-06-2005	-	Active	NO
5	U99999DL1959PLC176013	AUTOMOTIVE COMPONENT MANUFACTURERS ASSOCIATION OF INDIA	Director	02-09-2005	02-09-2005	05-09-2012	Active	NO
6	U27209TN1981PLC008630	AXLES INDIA LIMITED	Director	29-06-2006	29-06-2006	-	Active	NO
7	U71290TN2007PLC065658	SUNDARAM HYDRAULICS LIMITED	Managing director	01-04-2013	07-12-2007	-	Active	NO
8	U65993TN1982PTC009757	PADMALAKSHMI HOLDINGS PRIVATE LIMITED	Director	07-04-2009	07-04-2009	-	Active	NO
9	U74999TN2012PLC088527	ENFFLUENCE TECHNOLOGIES LIMITED	Director	16-11-2012	16-11-2012	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Balasubramanian Iyer Ganapathi Sharma
Designation :	Company Secretary
Address :	TVS Building 7B West Veli Street, Madurai – 625 001, Tamil Nadu
Date of Birth/Age :	24.08.1935
Date of Appointment :	15.01.1986
PAN No:	ACKPG3871B
Name :	Subramanian Santhanagopalan
Designation :	Chief Financial Officer
Address :	Door No.8, Plot No.20, 4th Avenue, Dhandeeswaram Nagar, Velacherry, Chennai - 600042, Tamilnadu, India
Date of Appointment :	19.02.2015
PAN No:	ABHPS3147C

MAJOR SHAREHOLDERS

AS ON 23.09.2014

Note: SHAREHOLDING DETAILS FILE ATTACHED

Equity Share Break up (Percentage of Total Equity)

AS ON 23.09.2014

Category	Percentage
Bodies corporate	5.61
Directors or relatives of Directors	87.73
Total	100.00

BUSINESS DETAILS

Line of Business :

Trader and Distributor of automobile vehicles, Distribution of spares for after–market, products for off highway application like Construction and Material handling.

Products :

Item Code No.	Product Description
87060042	Chassis Fr Vhcls Hdng 8704 Excp Petrl Drvn

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
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	State Bank Of Mysore
Branch Address	41 Whites Road, Royapettah, Chennai - 600014, 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
Rupee term loans from banks	1750.000	1040.000
SHORT TERM BORROWING
Working capital loans from banks	2764.040	3255.915
Total	4514.040	4295.915

Financial Institute :	Daimler Financial Services India Private Limited, Unit 202, 2nd Floor, Campus 3B,RMZ Millennia, Business Park, No.143, Dr. M.G.R. Road, Perungudi, Chennai - 600096, Tamilnadu, India
Auditors :
Name :	Sundaram and Srinivasan Chartered Accountant
Address :	111/250, PT, Rajan Road , Visalakshipuram, Madurai – 625014, Tamilnadu, India
PAN N Income-tax PAN of auditor or auditor's firm :	AAAFS8812J
Memberships :	Not Available
Collaborators :	Not Available
Subsidiary Company:	· Sundaram Industries Limited, India [U65991TN1943PLC002656] · Southern Roadways Limited, India [U60221TN1946PLC002582] · Sundaram Textiles Limited, India [U17111TN1960PLC004340] · The Associated Auto Parts Limited, India [U51220MH1944PLC004124] · Lucas TVS Limited, India [U35999TN1961PLC004678] · Lucas Indian Service Limited, India [U35999TN1930PLC005705] · TVS Interconnect Systems Limited, India [U72300TN1997PLC039110] · Sundaram –Clayton Limited, India [L35999TN1962PLC004792] · TVS Motor Company Limited, India [L35921TN1992PLC022845] · Sundaram Auto Components Limited, India [U29249TN1992PLC051417] · TVS Automobile Solutions Limited, India [U34100TN2009PLC071439] · TVS Electronics Limited, India [L30007TN1995PLC032941] · Essex Automobile Solutions Limited, India [U50300GJ2012PLC069099] · Focuz Automobile Services Limited, India [U50300KL2012PLC030459] · GS Automotive Service Equipments (Chennai) Limited, India · NSM Holdings Limited, India [U65921TN2007PLC063294] · NK Telecom Products Limited, India [U32204TN2009PLC072529]
Associate:	· TVS Logistics Services Limited, India [U63011TN2004PLC054655] · Sundram Fasteners Limited, India [L35999TN1962PLC004943] · Wheels India Limited, India [L35921TN1960PLC004175] · Brakes India Limited, India [U35999TN1962PLC004928] · Delphi-TVS Diesel Systems Limited, India [U24117TN1952PLC005704] · Sundaram Brake Linings Limited, India [L34300TN1974PLC006703] · India Motor Parts And Accessories Limited, India [L65991TN1954PLC000958] · TVS Srichakra Limited, India [L25111tn1982plc009414] · TVS Sewing Needles Limited, India [U27209tn1962plc004760] · Global TVS Bus Body Builders Limited, India [U35202tn1998plc041466] · TVS Lanka Private Limited, Sri Lanka · TVS Charities, India · TVS Auto Bangladesh Limited, Bangladesh

CAPITAL STRUCTURE

AS ON 23.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
2500000	Equity Shares	Rs.100/- each	Rs.250.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1144000	Equity Shares	Rs.100/- each	Rs.114.400 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	114.400	114.400	114.400
(b) Reserves & Surplus	3236.873	3230.704	4515.825
(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)	3351.273	3345.104	4630.225
(3) Non-Current Liabilities
(a) long-term borrowings	1750.000	1119.669	132.556
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	4.582	24.390	22.699
(d) long-term provisions	35.858	45.812	40.681
Total Non-current Liabilities (3)	1790.440	1189.871	195.936
(4) Current Liabilities
(a) Short term borrowings	3064.040	3456.427	2196.294
(b) Trade payables	3970.053	5441.400	2568.739
(c) Other current liabilities	3347.144	3389.610	2266.015
(d) Short-term provisions	856.645	1342.362	1417.205
Total Current Liabilities (4)	11237.882	13629.799	8448.253
TOTAL	16379.595	18164.774	13274.414
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	2123.838	1890.375	1346.082
(ii) Intangible Assets	30.539	28.105	14.184
(iii) Capital work-in-progress	34.130	44.484	54.693
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	1545.480	1549.188	1523.389
(c) Deferred tax assets (net)	3.991	3.991	3.991
(d) Long-term Loan and Advances	499.972	416.387	415.673
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	4237.950	3932.530	3358.012
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	5358.339	5362.400	3984.637
(c) Trade receivables	3186.022	3197.867	2547.667
(d) Cash and cash equivalents	954.708	1251.131	790.947
(e) Short-term loans and advances	2262.416	4208.592	2496.422
(f) Other current assets	380.160	212.254	96.729
Total Current Assets	12141.645	14232.244	9916.402
TOTAL	16379.595	18164.774	13274.414

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income	55278.906	63073.504	64134.853
	Other Income	886.363	1240.199	620.521
	TOTAL (A)	56165.269	64313.703	64755.374
Less	EXPENSES
	Cost of Materials Consumed	0.000	3.619	0.000
	Purchases of Stock-in-Trade	49511.745	58654.651	58616.510
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	62.595	(1464.455)	(179.241)
	Employees benefits expense	2373.893	2364.338	1916.436
	Other expenses	2386.789	3185.513	2478.570
	TOTAL (B)	54335.022	62743.666	62832.275
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	1830.247	1570.037	1923.099
Less	FINANCIAL EXPENSES (D)	954.407	837.408	516.237
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	875.840	732.629	1406.862
Less/ Add	DEPRECIATION/ AMORTISATION (F)	315.139	288.733	215.006
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	560.701	443.896	1191.856
Less	TAX (H)	35.000	0.000	330.925
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)	525.701	443.896	860.931
	Earnings / (Loss) Per Share (Rs.)	459.53	388.02	752.56

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	40.000	547.500	20.000
Cash generated from operations	NA	NA	NA
Net cash flows from (used in) operations	1423.332	201.927	1606.083

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	0.95	0.70	1.34
Operating Profit Margin (PBIDT/Sales)	(%)	3.31	2.49	3.00
Return on Total Assets (PBT/Total Assets}	(%)	3.79	2.68	10.19
Return on Investment (ROI) (PBT/Networth)		0.17	0.13	0.26
Debt Equity Ratio (Total Debt /Networth)		1.45	1.53	0.51
Current Ratio (Current Asset/Current Liability)		1.08	1.04	1.17

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	114.400	114.400	114.400
Reserves & Surplus	4515.825	3230.704	3236.873
Net worth	4630.225	3345.104	3351.273
Long-term borrowings	132.556	1119.669	1750.000
Short term borrowings	2196.294	3456.427	3064.040
Current Maturities Of Long-Term Debts	20.000	547.500	40.000
Total borrowings	2348.850	5123.596	4854.040
Debt/Equity ratio	0.507	1.532	1.448

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	64134.853	63073.504	55278.906
		(1.655)	(12.358)

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	64134.853	63073.504	55278.906
Profit	860.931	443.896	525.701
	1.34%	0.70%	0.95%

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

FINANCIAL PERFORMANCE:

Turnover and operating income of the Company for the year is Rs.55278.900 Million.

The profit for the year after tax as per the Statement of Profit and Loss Account is Rs.525.700 Million.

Telecommunication and Networking Business of TVS Interconnect Systems Limited (a wholly owned Subsidiary) have been demerged and vested into our Company, as approved by the Hon'ble High Court of Madras, with the appointed date as 1st April 2012 and the effective date as 10th September 2013.

As per the Scheme, the business of the said undertakings is deemed to have been carried on by the Company as from the appointed date.

The Financial results of the Company for the year ended 31.3.2014 include the results of the Telecom and Networking Division of the Company vested into the Company for the whole year.

Taking into account, an amount of Rs.173.134 million required to be adjusted up to the effective date in General Reserve in accordance with the

Scheme of Arrangement approved by the High Court and the Surplus in the Statement of Profit and Loss of Rs.522.179 million carried over from the Previous Year, the total amount available for appropriation is Rs 1221.014 million After transferring an amount of Rs.52.570 million to General Reserve and making provisions for Interim Dividends declared, including Tax on Dividend, the Surplus in Statement of Profit and Loss account will be Rs.648.912 million. These details are disclosed in the accompanying financial statements of the Company.

BUSINESS REVIEW:

Automotive Sector continued to face downturn in the financial year, with commercial vehicle segment showing a significant contraction in volumes. The company's revenues and profitability was considerably impacted on account of the same. Steps taken to reduce costs through austerity measures and working capital management have helped to minimize the impact on profits. With the overall economy and automotive sector showing signs of revival during the current financial year, it is expected that the Company will return to growth path in due course.

UNSECURED LOAN

(Rs. In Million)

Particulars	As on 31.03.2014	As on 31.03.2013
Long Term Borrowings
Deposits from Shareholders	0.000	0.650
Public Deposits	0.000	79.019
SHORT TERM BORROWING
Loans repayable on demand from banks	300.000	200.512
Total	300.000	280.181

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10573462	20/03/2015	750,000,000.00	BNP PARIBAS	NO.25/26, PRINCE TOWERS, 3RD FLOOR, COLLEGE ROAD,  CHENNAI, TAMILNADU - 600006, INDIA	C55729545
2	10549367	20/01/2015	290,000,000.00	HDFC BANK LIMITED	HDFC HOUSE, SENAPATHI BAPAT MARG , LOWER PARALE WEST, MUMBAI, MAHARASHTRA - 400013, INDIA	C43742709
3	10334446	12/01/2012	300,000,000.00	DAIMLER FINANCIAL SERVICES INDIA PRIVATE LIMITED	UNIT 202, 2ND FLOOR, CAMPUS 3B,RMZ MILLENNIA, BUS  INESS PARK, NO.143, DR. M.G.R.ROAD, PERUNGUDI, CHENNAI, TAMILNADU - 600096, INDIA	B31630494
4	10171751	24/11/2014 *	1,250,000,000.00	HDFC BANK LIMITED	HOUSE SENAPATHI MARD, LOWER PARALE W, MUMBAI, MAHARASHTRA - 400013, INDIA	C37210598
5	10169516	03/03/2014 *	30,000,000.00	SUNDARAM FINANCE LIMITED	21 PATULLOS ROAD, CHENNAI, TAMILNADU - 600002, INDIA	C01062686
6	10170920	23/04/2015 *	870,000,000.00	SUNDARAM FINANCE LIMITED	21 PATULLOS ROAD, CHENNAI, TAMILNADU - 600002, INDIA	C53581443
7	80017962	24/11/2014 *	5,100,000,000.00	STATE BANK OF INDIA	6 WEST VELI STREET, MADURAI, TAMILADU - 625001,  INDIA	C36916609
8	80013767	24/11/2014 *	300,000,000.00	STATE BANK OF MYSORE	41 WHITES ROAD, ROYAPETTAH, CHENNAI, TAMILADU - 600014, INDIA	C37200367

* Date of charge modification

CONTINGENT LIABILITIES:

(Rs. in million)

PARTICULARS	31.03.2014	31.03.2013
Claims against company not acknowledged as debt	1.286	1.286
Guarantees	436.085	421.255
Other money for which company is contingently liable	70.562	277.393
Total contingent liabilities	507.933	699.934

FIXED ASSETS

Tangible assets

· Land

· Buildings

· Plant and equipment

· Factory Equipments

· Furniture and fixtures

· Vehicles

· Aircrafts helicopters

· Office equipment

· Computer Equipments

·

Leasehold improvements

· Intangible assets

· Computer software

· Patents

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 records 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.65.45
UK Pound	1	Rs.100.96
Euro	1	Rs.72.10

INFORMATION DETAILS

Information Gathered by :	PPT
Analysis Done by :	HEE
Report Prepared by :	GEET

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	9
PAID-UP CAPITAL	1~10	7
OPERATING SCALE	1~10	8
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	8
--PROFITABILITY	1~10	7
--LIQUIDITY	1~10	8
--LEVERAGE	1~10	8
--RESERVES	1~10	9
--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		72

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.