IRA INFORM REPORT

Report No. :	350110
Report Date :	17.11.2015

IDENTIFICATION DETAILS

Name :	RIETER INDIA PRIVATE LIMITED
Registered Office :	Gate No.134/1, Vadhi Road, Off Pune Nagar Road, Koregaon Bhima, Pune – 412216, Maharashtra
Tel. No.:	91-2137-253071
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	01.08.1995
Com. Reg. No.:	11-139264
Capital Investment / Paid-up Capital :	Rs.34.900 Million
CIN No.: [Company Identification No.]	U74899PN1995PTC139264
IEC No.:	0595062644
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAACR3556P
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturing of textile machinery and related parts.
No. of Employees :	140 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (30)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Exist
Comments :	Subject is part of Rieter Holding AG incorporated in the year 1995, having moderate track record. The company has achieved adequate sales turnover but has reported continuous loss since 2012. The company has leverage capital structure marked by huge increase in its borrowings and there is unfavorable gap between trade payables and receivables. However, trade relations are fair. Business is active. Payments are slow but correct. The company can be considered for business dealings with some caution.

NOTES:

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

EXTERNAL AGENCY RATING

Not Available

RBI DEFAULTERS’ LIST STATUS

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

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2015.

INFORMATION PARTED BY

Name :	Mr. Vikram Patil
Designation :	Accountant
Contact No.:	91-2137-308500

LOCATIONS

Registered Office :	Gate No.134/1, Vadhi Road, Off Pune Nagar Road, Koregaon Bhima, Pune – 412216, Maharashtra, India
Tel. No.:	91-2137-253-071/72/74
Fax No.:	91-2137-253075
E-Mail :	Sanjay.talavlikar@rieter.com
Website :	www.rieter.com
Branches 1 :	S.C.O. 146-147, 3rd Floor Sector – 34-A, Chandigarh – 160022, India
Tel. No.:	91-172-2621634
Fax No.:	91-172-2621633
Branches 2 :	3^rd Floor, Building No.9, Tower B, DLF cyber city, Phase III, Goregaon – 122002, Maharashtra, India
Tel. No.:	91-124-4500800/03
Fax No.:	91-124-4500850
Branches 3 :	4^th Floor, L Tower, South Wing, Stock Exchange Building, Coimbatore – 641005, India
Tel. No.:	91-422-2320520/22
Fax No.:	91-422-2320525
Works :	Wing Works and Office, Mahad-Pandharpur Road, Taluka Khandala, Satara – 412801, Maharashtra, India
Tel. No.:	91-2169-284301
Fax No.:	91-2169-284302

DIRECTORS

AS ON 26.09.2014

Name :

Mr. Per Olof Johan Olofsson

Designation :

Managing Director

Address :

Sodra Esplanaden 18A, Lund, 22352, Sweden

Date of Birth/Age :

01.02.1982

Date of Appointment :

15.01.2013

DIN No.:

02668275

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	U24297AP2009PTC064510	Lovepac Converting Private Limited	Managing director	28-07-2009	28-07-2009	21-12-2012	Active	NO
2	U74899PN1995PTC139264	RIETER INDIA PRIVATE LIMITED	Managing director	25-09-2013	15-01-2013	-	Active	NO

Name :

Mr. Thomas Anwander

Designation :

Director

Address :

Im Lerchenbuel, 24, 8405, Winterthur, Switzerland - 8405

Date of Birth/Age :

19.02.1960

Date of Appointment :

15.12.2012

DIN No.:

00470001

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	U74899PN1995PTC139264	RIETER INDIA PRIVATE LIMITED	Director	15-12-2012	01-08-1995	-	Active	NO
2	U28999MH1992PTC068754	SUESSEN ASIA PRIVATE LIMITED	Director	09-05-2005	09-05-2005	-	Amalgamated	NO
3	U74899DL1991PTC045291	AUTONEUM INDIA PRIVATE LIMITED	Director	21-07-2006	21-07-2006	23-03-2009	Active	NO
4	U72900TN2008PTC072877	AUTONEUM NITTOKU SOUND PROOF PRODUCTS INDIA PRIVATE LIMITED	Director	03-06-2008	03-06-2008	06-08-2008	Active	NO
5	U29199TZ1993PLC004443	LMW MACHINERY LIMITED	Alternate director	25-07-2011	25-07-2011	16-08-2011	Amalgamated	NO

Name :

Mr. Sudhir Jalan

Designation :

Additional Director

Address :

9, Alipore Road, Kolkata – 700 027, West Bengal, India

Date of Birth/Age :

07.11.1944

Date of Appointment :

01.05.2008

DIN No.:

00111118

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	L40109WB1928PLC023311	THE SHAHJAHANPUR ELECTRIC SUPPLY CO.LTD.	Director	09-08-1971	09-08-1971	-	Active	NO
2	L15421WB1975PLC030118	BALRAMPUR CHINI MILLS LTD	Director	08-09-1977	08-09-1977	27-07-2009	Active	NO
3	U67120KA1984PLC065956	SES (INDIA) LTD	Director	03-05-1984	03-05-1984	-	Active	NO
4	U21012DL1990PTC102759	SICPA INDIA Private Limited	Director	21-12-1990	21-12-1990	25-05-2007	Active	NO
5	U51420WB1933PLC007661	SUBLIME AGRO LTD	Director	21-05-1993	21-05-1993	-	Active	NO
6	U72900KA1999PLC047267	BELLS SOFTECH LIMITED	Director	01-04-1999	01-04-1999	-	Active	NO
7	L21010TG1938PLC000591	THE SIRPUR PAPER MILLS LTD	Director	31-01-2000	31-01-2000	11-12-2013	Active	NO
8	U15491WB1984PLC060595	MEENAKSHI TEA COMPANY LTD.	Managing director	01-06-2013	01-06-2002	-	Active	NO
9	U72900KA2000PTC026328	BRAR PROPERTIES AND HOLDINGS PRIVATE LIMITED	Director	09-10-2003	09-10-2003	-	Active	NO
10	U70200KA2004PTC033851	ASA HOLDINGS PRIVATE LIMITED	Director	29-04-2004	29-04-2004	-	Active	NO
11	U01122KA2004PTC034756	NEO FOODS PRIVATE LIMITED	Director	28-09-2012	27-09-2004	-	Active	NO
12	U29196TN2005PLC057662	RICE LAKE WEIGHING SYSTEMS INDIA LIMITED	Director	16-03-2006	16-03-2006	-	Active	NO
13	U74899PN1995PTC139264	RIETER INDIA PRIVATE LIMITED	Additional director	01-05-2008	01-05-2008	-	Active	NO
14	U51909WB1940PLC010151	BJM INDUSTRIES LTD	Director	29-09-2009	16-10-2008	05-05-2010	Active	NO
15	U01132WB1991PTC051012	DHAWALGIRI HOLDINGS PVT LTD	Director	30-09-2010	20-08-2010	-	Active	NO
16	U67120WB1974PTC029334	ANCHOR INVESTMENTS PVT LTD	Director	30-09-2010	20-08-2010	-	Active	NO
17	U93000MH2013PTC240085	CONEXUS SOCIAL RESPONSIBILITY SERVICES PRIVATE LIMITED	Director	30-09-2014	11-11-2013	-	Active	NO
18	U33112WB1988PLC045223	APOLLO GLENEAGLES HOSPITAL LIMITED	Director	29-09-2015	21-05-2015	-	Active	NO
19	U70102WB2015PLC207596	MEENAKSHI CEREBRUM PROPERTIES LIMITED	Director	26-08-2015	26-08-2015	-	Active	NO

Name :

Mr. Peter Rudolf Gnaegi

Designation :

Alternate Director

Address :

Auf Salenrain Io, Stafa, Switzerland - 8712

Date of Birth/Age :

02.07.1954

Date of Appointment :

15.09.2009

DIN No.:

02221346

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	U74899PN1995PTC139264	RIETER INDIA PRIVATE LIMITED	Alternate director	15-01-2013	22-08-2000	-	Active	NO

Name :

Mr. Liske Carten

Designation :

Director

Address :

8832, Wilen B Wollerau Hoh, Rohneweg 18

Date of Birth/Age :

24.05.1973

Date of Appointment :

25.09.2013

DIN No.:

02925980

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	U29199TZ1993PLC004443	LMW MACHINERY LIMITED	Nominee director	12-07-2010	01-02-2010	16-08-2011	Amalgamated	NO
2	U74899PN1995PTC139264	RIETER INDIA PRIVATE LIMITED	Director	25-09-2013	07-04-2011	-	Active	NO

Name :

Mr. Peter Hans Muller

Designation :

Alternate Director

Address :

Wasserfuristr 43, 8542, Wiesendangen, Switzerland – 8542

Date of Birth/Age :

17.03.1964

Date of Appointment :

15.01.2013

DIN No.:

00470182

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	U74899PN1995PTC139264	RIETER INDIA PRIVATE LIMITED	Alternate director	15-01-2013	22-08-2000	-	Active	NO

Name :

Mr. Adarsh Jalan

Designation :

Alternate Director

Address :

15/5, Palace Road, Vasan – TH Nagar, Bangalore – 560 052, Karnataka, India

Date of Birth/Age :

17.06.1968

Date of Appointment :

15.09.2009

DIN No.:

00383250

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	U01132WB1991PTC051012	DHAWALGIRI HOLDINGS PVT LTD	Director	04-03-1991	04-03-1991	09-06-2014	Active	NO
2	U51420WB1933PLC007661	SUBLIME AGRO LTD	Director	02-04-1991	02-04-1991	04-09-2010	Active	NO
3	U72900KA1999PLC047267	BELLS SOFTECH LIMITED	Director	31-12-2012	01-04-1999	-	Active	NO
4	U72900KA2000PTC026328	BRAR PROPERTIES AND HOLDINGS PRIVATE LIMITED	Director	09-10-2003	09-10-2003	-	Active	NO
5	U15491WB1984PLC060595	MEENAKSHI TEA COMPANY LTD.	Director	29-10-2003	29-10-2003	-	Active	NO
6	U70200KA2004PTC033851	ASA HOLDINGS PRIVATE LIMITED	Whole-time director	31-12-2012	29-04-2004	-	Active	NO
7	U01122KA2004PTC034756	NEO FOODS PRIVATE LIMITED	Managing director	27-09-2004	27-09-2004	31-05-2011	Active	NO
8	U70104KA1994PTC016443	GURU SAI PROPERTY INVESTMENT PRIVATE LIMITED	Director	03-10-2005	03-10-2005	02-01-2009	Strike off	NO
9	U15494KA2001PTC029456	ABSOLUTEE FOODS PRIVATE LIMITED	Director	14-12-2006	14-12-2006	-	Active	NO
10	U74899PN1995PTC139264	RIETER INDIA PRIVATE LIMITED	Alternate director	15-09-2009	01-05-2008	-	Active	NO
11	U51420KA1985PTC071070	PCI MARKETING PVT LTD	Director	30-09-2010	30-08-2010	-	Active	NO
12	U45209KA1984PTC071069	PARK VIEW PROPERTIES PVT LTD	Director	30-09-2010	30-08-2010	-	Active	NO
13	U74140KA1981PLC067965	BIKANNA COMMERCIAL CO LTD	Director	30-09-2010	30-08-2010	-	Active	NO
14	U67120KA1984PLC065956	SES (INDIA) LTD	Director	30-09-2011	14-02-2011	-	Active	NO
15	U93000MH2013PTC240085	CONEXUS SOCIAL RESPONSIBILITY SERVICES PRIVATE LIMITED	Director	30-09-2014	11-11-2013	-	Active	NO
16	U70102WB2015PLC207596	MEENAKSHI CEREBRUM PROPERTIES LIMITED	Director	26-08-2015	26-08-2015	-	Active	NO

Name :

Mr. Peter Maximilian Schulz

Designation :

Director

Address :

Rotdornstrasse 2, D-93142, Maxhutte Haidhof, 93142, Germany

Date of Birth/Age :

18.05.1967

Date of Appointment :

01.05.2013

DIN No.:

02354959

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	U74899PN1995PTC139264	RIETER INDIA PRIVATE LIMITED	Alternate director	01-05-2013	01-05-2008	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Vikram Patil
Designation :	Accountant
Name :	Mr. Sanjay Vinayak Talavlikar
Designation :	Secretary
Address :	Flat No. 3, Swapnapurti Apartments, Kimbare Township, Kothrud, Pune – 411038, Maharashtra, India
Date of Birth/Age :	27.09.1966
Date of Appointment :	04.02.2009
PAN No.:	AAKPT4120G

MAJOR SHAREHOLDERS

AS ON 26.09.2014

Names of Shareholders	No. of Shares
Rieter Holding AG	10477072
Spindelfabrik Suessen GmbH	1
Sudhir Kesardeo Jalan	20000
Asarsh Sudhir Jalan	48000
Anchor Investments Private Limited	27000
Meenakshi Tea Co. Limited	62010
PCI Marketing Private Limited	17500
Total	10651583

Equity Share Break up (Percentage of Total Equity)

AS ON 26.09.2014

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	98.00
Bodies corporate	1.00
Directors or relatives of Directors	1.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturing of textile machinery and related parts.

Products :

Product or Services	ITC Code
Textile Spinning Machine	8445
Textile Preparatory Machine	8445
Textile Parts Sales	8448
ESS	8448
Machinery and Mechanical Appliances	4017
Ancillary Products or Activities Not Elsewhere Specified	4100
Installation, Maintenance and Repair Services	6704
Business Support Services	6405
Architectural and Engineering Services	5061
Leasing or Rental of Tangible Assets	6006
Wholesale Trade of Machinery, Equipment and Supplies	8009

Brand Names :

Not Divulged

Agencies Held :

Not Divulged

Exports :

Products :

Finished Goods

Countries :

• Switzerland
• Germany

Imports :

Products :

Raw Material

Countries :

• Switzerland
• Germany

Terms :

Selling :

Cash, Cheque

Purchasing :

Cash, Cheque

PRODUCTION STATUS – NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Company Name :	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 :

Company Name :	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 :

140 (Approximately)

Bankers :

Banker Name :	Corporation Bank
Branch :	Industrial Finance Branch, Pune Mumbai Road, Vakdewadi, Pune – 411003, Maharashtra, 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 :	Not Divulged
Credit Facilities Enjoyed (CC/OD/Term Loan) :	Not Divulged
Account Operation :	Not Divulged
Remark :	Not Divulged

Auditors :
Name :	Price Waterhouse and Company Chartered Accountants
Address :	Muttha Towers, 5^th Floor, Suite No.8, Airport Road, Yerwada, Pune – 411006, Maharashtra, India
PAN No.:	AADFP9359C
Memberships :	--
Collaborators :	--
Ultimate Holding Company :	· Rieter Holding AG, Switzerland
Fellow Subsidiaries :	· Rieter Machine Works Limited, Switzerland · Rieter Changzhou Textile Instruments Company Limited, China · Spindelfabrik Suessen GmbH, Germany · Bracker AG, Switzerland · Graf + Cie AG, Switzerland · Novibra Boskovice S.R.O., Chec Republic · Rieter CZ A.S. · Willhelm Stahlecker GmbH, Germany · Rieter Deutscheland, GmbH, Germany · Rieter LMW Machinery Limited, India · Rieter Automotive India Private Limited, India · Rieter Nittoku Automotive Soundproof Products India Private Limited, India

CAPITAL STRUCTURE

AS ON 26.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
15000000	Equity Shares	Rs.10/- each	Rs.150.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10651583	Equity Shares	Rs.10/- each	Rs.106.516 Million

AS ON 31.03.2014

Authorised Capital :

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

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
3490199	Equity Shares	Rs.10/- each	Rs.34.900 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	34.900	34.902	34.902
(b) Reserves & Surplus	904.810	1283.060	1661.070
(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)	939.710	1317.962	1695.972
(3) Non-Current Liabilities
(a) long-term borrowings	3508.440	2679.800	2410.060
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	0.000	2.170	2.170
(d) long-term provisions	38.370	19.760	17.210
Total Non-current Liabilities (3)	3546.810	2701.730	2429.440
(4) Current Liabilities
(a) Short term borrowings	822.930	723.950	300.000
(b) Trade payables	2652.220	1800.730	1189.958
(c) Other current liabilities	995.400	1196.980	280.470
(d) Short-term provisions	83.590	33.360	43.210
Total Current Liabilities (4)	4554.140	3755.020	1813.638
TOTAL	9040.660	7774.712	5939.050
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	3846.500	3280.000	2187.670
(ii) Intangible Assets	53.830	74.810	35.790
(iii) Capital work-in-progress	8.720	186.210	618.270
(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)	0.000	0.000	0.000
(d) Long-term Loan and Advances	301.710	349.040	395.240
(e) Other Non-current assets	0.850	85.490	47.820
Total Non-Current Assets	4211.610	3975.550	3284.790
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	2029.950	2056.410	1044.680
(c) Trade receivables	922.390	767.390	632.350
(d) Cash and cash equivalents	541.450	143.150	175.240
(e) Short-term loans and advances	1276.930	817.552	791.870
(f) Other current assets	58.330	14.660	10.120
Total Current Assets	4829.050	3799.162	2654.260
TOTAL	9040.660	7774.712	5939.050

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income
		Other Income
		TOTAL	7588.590	4373.710	3115.450
Less	EXPENSES
		TOTAL	8277.020	4751.720	3647.890
	PROFIT / (LOSS) BEFORE TAX		(688.430)	(378.010)	(532.440)
	EXCEPTIONAL ITEMS		(50.120)	0.000	0.000
Less	TAX		0.000	0.000	0.000
	PROFIT / (LOSS) AFTER TAX		(638.310)	(378.010)	(532.440)
	BALANCE CARRIED TO THE B/S		(1112.710)	(474.400)	(96.390)
	Earnings / (Loss) Per Share (Rs.)		(182.89)	(108.30)	(152.55)

Particulars	31.03.2015
Sales Turnover (Approximately)	8000.000

The above information has been parted by Mr. Vikram

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	131.650	624.000	0.000
Cash generated from operations	NA	NA	NA
Net cash flow from (used in) operations	764.310	(389.670)	(464.200)

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Return on Total Assets (PBT/Total Assets)	(%)	(7.62)	(4.98)	(10.01)
Return on Investment (ROI) (PBT/Networth)		(0.73)	(0.29)	(0.31)
Debt Equity Ratio (Total Debt /Networth)		4.75	3.06	1.60
Current Ratio (Current Asset/Current Liability)		1.06	1.01	1.46

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	34.902	34.902	34.900
Reserves & Surplus	1661.070	1283.060	904.810
Net worth	1695.972	1317.962	939.710
long-term borrowings	2410.060	2679.800	3508.440
Short term borrowings	300.000	723.950	822.930
Current Maturities of Long term debt	0.000	624.000	131.650
Total borrowings	2710.060	4027.750	4463.020
Debt/Equity ratio	1.598	3.056	4.749

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
Total Income	3115.450	4373.710	7588.590
		40.388	73.505

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	Rs. In Million	Rs. In Million	Rs. In Million
Total Income	3115.450	4373.710	7588.590
Profit	(532.440)	(378.010)	(638.310)
	(17.09%)	(8.64%)	(8.41%)

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)	Yes
16	No. of employees	Yes
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 four 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	No
32	Litigations that the firm/promoter involved in	Yes
33	Market information	--
34	Payments terms	Yes
35	Negative Reporting by Auditors in the Annual Report	No

NOTE: Registered office address of the company has been shifted from Gate No.134/1, Vadhi Road, Off Pune Nagar Road, Koregaon Bhima, Pune – 412207, Maharashtra, India to the present address w.e.f. 22.10.2013

UNSECURED LOANS:

Particulars	31.03.2014 Rs. In Million	31.03.2013 Rs. In Million
Long Term Borrowings
Term loans from others	3508.440	2679.800
Short Term Borrowings
Working capital loans from banks	822.930	723.950
Total	4331.370	3403.750

LITIGATION DETAILS:

Case Details

Bench:-Bombay

Presentation Date:-				02/02/2015
Lodging No.:-	ITXAL/91/2015	Filing Date:-	02/02/2015	Reg. No.:-	ITXA/477/2015	Reg. Date:-	12/05/2015

Petitioner:-

THE COMMISSIONER OF INCOME TAX-E PUNE -

Respondent:-

RIETER INDIA PVT. LTD. -

Petn.Adv.:-

SHAM V WALVE (I3200)

Resp.Adv.:-

0 (0)

District:-

PUNE

Bench:-	DIVISION
Status:-	Pre-Admission	Category:-	TAX APPEALS

Next Date:-

18/11/2015

Stage:-

FOR REJECTION [ORIGINAL SIDE MATTERS]

Coram:-

ACCORDING TO SITTING LIST

ACCORDING TO SITTING LIST

Act :-

Income Tax Act, 1961

Under Section:-

260A

INDEX OF CHARGE:

Sr. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	90085672	02/03/2001	5,000,000.00	CORPORATION BANK	INDUSTRIAL FINANCE BRANCH, PUNE MUMBAI ROAD, VAKDEWADI, MAHARASHTRA - 411003, INDIA	-

FIXED ASSETS:

· Freehold Land

· Building

· Plant and Machinery

· Electrical Installation

· Furniture and Fixtures

· Leasehold Improvements

· Computers

· Office Equipments

· Vehicles

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.65.98
UK Pound	1	Rs.100.11
Euro	1	Rs.70.35

INFORMATION DETAILS

Information Gathered by :	GYT
Analysis Done by :	AMR
Report Prepared by :	NKT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILITY	1~10	2
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	4
--RESERVES	1~10	3
--CREDIT LINES	1~10	4
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	YES
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		30

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.