MIRA INFORM REPORT

Report No. :	349690
Report Date :	17.11.2015

IDENTIFICATION DETAILS

Name :	WIKA INSTRUMENTS INDIA PRIVATE LIMITED

Registered Office :	Plot No. 40, Gat No. 94 - 100 Hi Cliff Industrial Estate, Village Kesnand, Wagholi, Pune – 412207, Maharashtra
Tel. No.:	91-20-66293336/ 66293232

Country :	India

Financials (as on) :	31.03.2014

Date of Incorporation :	02.09.1997

Com. Reg. No.:	11-110418

Capital Investment / Paid-up Capital :	Rs.313.500 Million

CIN No.: [Company Identification No.]	U29299MH1997PTC110418

IEC No.:	3197027744

TAN No.: [Tax Deduction & Collection Account No.]	PNEW01145E

PAN No.: [Permanent Account No.]	AAACW2665A

Legal Form :	Private Limited Liability Company

Line of Business :	Manufacturer of Pressure, Temperature and Level Measurement Instruments.

No. of Employees :	Information declined by management

RATING & COMMENTS

MIRA’s Rating :

Ba (54)

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

Status :	Good

Payment Behaviour :	Regular

Litigation :	Exist

Comments :	Subject is a subsidiary of “WIKA ALEXANDER WIEGAND SE & CO. KG, GERMANY. It is a well-established company having fine track record. For the year FY 2014, the company reported decline in its profitability margin. However, rating reflects company’s healthy financial risk profile marked by adequate liquidity position and financial as well as managerial support that company receives from its parent company. Trade relations are reported as fair. Business is active. Payments are reported to be regular and as per commitment. In view of strong parent company support, 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

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

EXTERNAL AGENCY RATING

Rating Agency Name	Not Available
Rating	Not Available
Rating Explanation	Not Available
Date	Not Available

RBI DEFAULTERS’ LIST STATUS

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

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

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

INFORMATION DENIED

MANAGEMENT NON-COOPERATIVE (CONTACT NO.: 91-22-66293200)

LOCATIONS

Registered Office:	Plot No. 40, Gat No. 94 – 100 Hi Cliff Industrial Estate, Village Kesnand, Wagholi, Pune – 412207, Maharashtra, India
Tel. No.:	91-20-66293336/ 66293200
Fax No.:	91-20-66293325/ 66293350
E-Mail :	bgeorge@wika.co.in sales@wika.co.in apuranik@wika.co.in rmahto@wika.com
Website :	http://www.wika.co.in

Branch Office :	306, Third Floor, Vikas Deep Building, Laxmi Nagar, District Centre, New Delhi -110092, India

DIRECTORS

As on: 25.09.2014

Name :

Mr. Subrata Sudangsu Bhattacharjee

Designation :

Managing Director

Address :

Flat No.3, Konark Campus, Viman Nagar, Pune – 411014, Maharashtra, India

Date of Birth/Age :

06.03.1959

Qualification :

Graduate

Date of Appointment :

01.01.2013

Din No.:

00164752

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	U51224WB1989PTC047688	BLUEBELL MARKETING SERVICES PVT LTD	Director	06/10/1989	06/10/1989	22/05/2008	Strike off	NO
2	U29299MH1997PTC110418	WIKA INSTRUMENTS INDIA PRIVATE LIMITED	Managing director	01/01/2013	19/01/2006	-	Active	NO
3	U31909TN2003PTC050397	DH BUDENBERG INSTRUMENTATION PRIVATE LIMITED	Director	24/09/2011	01/04/2011	-	Strike off	NO
4	U74220TN2000PTC045289	DOTT.ING.SCANDURA CALIBRATION & INSTRUMENTATION (INDIA) PRIVATE LIMITED	Director	30/09/2014	29/12/2011	-	Active	NO
5	U29255TN2014PTC095662	SWITZER PROCESS INSTRUMENTS PRIVATE LIMITED	Managing director	07/05/2014	25/03/2014	-	Active	NO
6	U74899DL1979PTC009981	MICRO PRECISION PRODUCTS PVT LTD	Director	30/09/2014	22/05/2014	-	Active	NO

Name :

Mr. Dirk Fellermann

Designation :

Director

Address :

Krankenhausstrabe 18, Erienbach A Main, 93906, Germany

Date of Birth/Age :

08.02.1957

Date of Appointment :

27.09.2012

Din No.:

05104142

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	U29299MH1997PTC110418	WIKA INSTRUMENTS INDIA PRIVATE LIMITED	Director	27/09/2012	21/10/2011	-	Active	NO
2	U74220TN2000PTC045289	DOTT.ING.SCANDURA CALIBRATION & INSTRUMENTATION (INDIA) PRIVATE LIMITED	Additional director	05/09/2013	29/12/2011	30/09/2014	Active	NO

Name :

Mr. Alexander Wiegand

Designation :

Director

Address :

An Der Bilz 3, Erlenbach, Germany-63906

Date of Birth/Age :

06.01.1963

Date of Appointment :

02.09.1997

Din No.:

00898525

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	U29299MH1997PTC110418	WIKA INSTRUMENTS INDIA PRIVATE LIMITED	Director	02/09/1997	02/09/1997	-	Active	NO
2	U31909TN2003PTC050397	DH BUDENBERG INSTRUMENTATION PRIVATE LIMITED	Director	24/09/2011	02/09/2011	30/09/2014	Strike off	NO
3	U29255TN2014PTC095662	SWITZER PROCESS INSTRUMENTS PRIVATE LIMITED	Additional director	12/09/2014	12/09/2014	-	Active	NO
4	U74899DL1979PTC009981	MICRO PRECISION PRODUCTS PVT LTD	Director	30/09/2014	12/09/2014	-	Active	NO

Name :

Mr. Gerhard Bonn

Designation :

Director

Address :

Im Urnefeld, 30, Grossheubach, Germany-63920

Date of Birth/Age :

12.02.1958

Date of Appointment :

08.12.2001

Din No.:

00898603

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	U29299MH1997PTC110418	WIKA INSTRUMENTS INDIA PRIVATE LIMITED	Director	08/12/2001	08/12/2001	-	Active	NO
2	U29255TN2014PTC095662	SWITZER PROCESS INSTRUMENTS PRIVATE LIMITED	Additional director	12/09/2014	12/09/2014	-	Active	NO
3	U74899DL1979PTC009981	MICRO PRECISION PRODUCTS PVT LTD	Director	30/09/2014	12/09/2014	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 25.09.2014

Names of Shareholders		No. of Shares
Wika Alexander Weigand Gmbh and Company Germany, Germany		3134998
Wika Alexander Weigand Verwaltungs Gmbh and Company Germany, Germany		2
Total		3135000

Equity Share Break up (Percentage of Total Equity)

As on: 25.09.2014

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	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Pressure, Temperature and Level Measurement Instruments.

Products :

Electronic Pressure Measurement
Mechatronic Pressure Measurement
Mechanical Pressure Measurement
Diaphragm Seals
Electrical Temperature Measurement
Mechatronic Temperature Measurement
Mechanical Temperature Measurement
Level Measuring Instrument

Item Code No.	Product Description
90262000	Gauges and Components

Brand Names :

Not Divulged

Agencies Held :

Not Divulged

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Not Divulged

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 management

Bankers :

ABN Amro Bank N. V., 74, Sakhar Bhavan, 7th Floor, Nariman Point, Mumbai - 400021, Maharashtra, India


Financial Institution: :	The Hong Kong and Shanghai Banking Corporation Limited, Amar Avinash Corporate City, Sector - 11, Bund Garden Road, Pune - 410001, Maharashtra, India

Auditors :
Name :	Vinay H. Gupta and Associates Chartered Accountants
Address :	13, Central Lane, Babar Road, New Delhi – 110001, Delhi, India
Email	vinay@vhgassociates.in
Pan No.:	AAJPG4461G

Memberships :	Not Available

Collaborators :	Not Available

Holding Company :	Wika Alexander Wiegand Se & Co. Kg, Germany

Subsidiaries of holding company :	Feinwerktechnik Wiegand Kg, Switezerland Manometer Ag, Switzerland Wika Instruments Limited, Canada Wika Instruments Corp. Usa Wika Instrumentation (Suzhou) Company Limited China Wika Instrumentation Pte. Limited Singapore Wika Systems Gmbh, Germany Wika Systems BetriebsGmbh, Germany Wika Middle East FzeUae, Dubai Ph’nix Messtechnik Gmbh, Germany. Wika Instrumentation Taiwan Wika Instrumentation (M) SdnBhd, Malayasia Instrumentos Wika, S.A. Spain Rj Global Wika Llc, U.S.A. Wika Japan K.K, Japan Wika Polska S.A, Poland KsrKuebler Ag, Germany Wika Instruments (Pty) Limited, South Afrika Tecsis GmbH, Germany Wika Instrumentation Pars (Kfz) Limited, Iran Shanghai Ksr-Kuebler Automation Instrument Company Limited, China DH Budenberg SA., France DHBudenberg Instrumentation Private Limited Dott.Ing.Scandura Calibration & Instrumentation (India) Private Limited Dh Budenberg Limited; Uk Wika Do Brasil Wika Instruments Limited; Uk Wika Korea Limited 3D Instruments LP, USA Wika ItaliaS.r.l. & C. S.a.s., Italy Gayesco International Inc., USA DHBudenberg Holding UK DottIngScandura And Fem Srl – Italy Mr. Subrata Bhattacharya

CAPITAL STRUCTURE

As on 25.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount

3,200,000	Equity Shares	Rs.100/- each	Rs. 320.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

3,135,000	Equity Shares	Rs.100/- each	Rs. 313.500 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	313.500	313.500	313.500
(b) Reserves & Surplus	333.380	276.403	191.459
(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)	646.880	589.903	504.959

(3) Non-Current Liabilities
(a) long-term borrowings	73.018	96.121	156.921
(b) Deferred tax liabilities (Net)	14.914	20.569	23.895
(c) Other long term liabilities	23.846	30.783	33.341
(d) long-term provisions	21.415	2.759	2.885
Total Non-current Liabilities (3)	133.193	150.232	217.042

(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	202.678	182.767	249.791
(c) Other current liabilities	37.984	22.808	25.337
(d) Short-term provisions	38.244	34.728	35.683
Total Current Liabilities (4)	278.906	240.303	310.811

TOTAL	1058.979	980.438	1032.812

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	372.624	387.298	411.377
(ii) Intangible Assets	3.077	6.203	10.016
(iii) Capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.000	9.480	0.000
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	12.564	7.063	6.033
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	388.265	410.044	427.426

(2) Current assets
(a) Current investments	11.529	0.000	0.000
(b) Inventories	207.764	183.946	230.979
(c) Trade receivables	292.849	305.298	279.062
(d) Cash and cash equivalents	84.538	44.196	32.301
(e) Short-term loans and advances	66.926	35.094	62.739
(f) Other current assets	7.108	1.860	0.305
Total Current Assets	670.714	570.394	605.386

TOTAL	1058.979	980.438	1032.812

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Revenue from operations	1189.658	1191.808	1143.700
	Other Income
	TOTAL	1189.658	1191.808	1143.700

Less	EXPENSES
	TOTAL	1017.059	988.560	957.631

Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	172.599	203.248	186.069

Less	INTEREST	15.735	8.588	23.094

	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	156.864	194.660	162.975

Less/ Add	DEPRECIATION/ AMORTISATION	55.452	56.270	53.524

	PROFIT / (LOSS) BEFORE TAX, EXCEPTIONAL ITEMS	101.412	138.390	109.451

Less/ Add	EXCEPTIONAL ITEMS	1.452	7.243	0.000

	PROFIT/ (LOSS) BEFORE TAX	99.960	131.147	109.451

Less	TAX	42.984	46.203	40.399

	PROFIT/ (LOSS) AFTER TAX	56.976	84.944	69.052

Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD	276.403	191.459	122.407

	BALANCE CARRIED TO THE B/S	333.379	276.403	191.459

	EARNINGS IN FOREIGN CURRENCY
	F.O.B. Value of Exports	440.819	359.999	345.506
	Sales Commission	5.066	3.623	4.061
	Others	4.651	4.839	4.738
	TOTAL EARNINGS	450.536	368.461	354.305

	IMPORTS
	Raw Materials	9.794	10.837	9.789
	Components and accessories for Pressure gauges	537.472	472.797	563.524
	Stores , Spares & Tools	6.064	4.861	4.778
	Level Switch (Trading Item)	32.037	10.486	51.101
	Gas Filtering Unit & other trading items	3.396	2.579	6.058
	TOTAL IMPORTS	588.763	501.560	635.250

	Earnings / (Loss) Per Share (Rs.)	18.17	27.10	22.03

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	NA	NA	NA
Cash generated from operations	NA	NA	NA
Net cash flows from (used in) operations	146.986	118.472	148.609
Net cash flows from (used in) operating activities	133.101	103.122	109.677

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Total Income)	(%)	4.79	7.13	6.04

Operating Profit Margin (PBIDT/ Total Income)	(%)	14.51	17.05	16.27

Return on Total Assets (PBT/Total Assets}	(%)	9.44	13.51	10.60

Return on Investment (ROI) (PBT/Networth)		0.15	0.22	0.22

Debt Equity Ratio (Total Debt /Networth)		0.11	0.16	0.31

Current Ratio (Current Asset/Current Liability)		2.40	2.37	1.95

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	313.500	313.500	313.500
Reserves & Surplus	191.459	276.403	333.380
Share Application money pending allotment	0.000	0.000	0.000
Net worth	504.959	589.903	646.880

long-term borrowings	156.921	96.121	73.018
Short term borrowings	0.000	0.000	0.000
Total borrowings	156.921	96.121	73.018
Debt/Equity ratio	0.311	0.163	0.113

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	1143.700	1191.808	1189.658
		4.206	(0.180)

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	1143.700	1191.808	1189.658
Profit	69.052	84.944	56.976
	6.04%	7.13%	4.79%

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

LITIGATION DETAILES:

Case Details
Case Type	Cri.Rev.App.
Filing No.	101797/2013 Filing date: 08-04-2013
Registration No.	100352/2013 Registration date: 17-04-2013
Case code	201801017972013

CASE STATUS
First Hearing Date	17-04-2013
Next Hearing Date	29-04-2015
Purpose of Hearing	Arguments
Court No & Judge	70 - EXTRA JT. ADHOC DIST. JUDGE AND ADDL. S. J. PUNE

Petitioner(s) & Advocate(s)
Petitioner - Factory Automation Private Limited etc. 1 Address - 166 A Pratap Nagar Poctet 4 Mayur Vihar Phase I Delhi 91 Advocate - Shri D.S. Bhandari Extra parties 2) Petitioner - Nidhish Gupta Address: 166-A, Pratap Nagar, Pocket 4, Mayur Vihar, Phase I, Delhi 09 Advocate -
Respondent(s) & Advocate(s)
Respondent - Wika Instruments India Private Limited Address - Plot No 40 Gat No 94 Hi Cliff Industrial Extate Village Kesnand Pune 07 Advocate - MS Kulkarni

ACTS
Under Act(s)	---
Under Section(s)	---
Subject

LOWER COURT INFORMATION
Court No & Name	14th Jt. Civil Judge J.D. J.M.F.C. Court No.7Pun
Case No & Year	Sum Case - 0410450 - 2012
Case Decision Date	13-09-2012

FIR DETAILS
Police Station
FIR No.	0
Year	0

History Of Case Hearing
Regn. No.	Judge	Bussiness on Date	Hearing Date	Purpose of Hearing
100352/2013	DISTRICT JUDGE -5 AND ADDL. SESSIONS JUDGE PUNE	17-04-2013	06-05-2013	Notice_Unready
100352/2013	DISTRICT JUDGE -5 AND ADDL. SESSIONS JUDGE PUNE	06-05-2013	17-06-2013	Filing of Say on Exh___Unready
100352/2013	DISTRICT JUDGE -5 AND ADDL. SESSIONS JUDGE PUNE	17-06-2013	26-07-2013	Filing of Say on Exh___Unready
100352/2013	DISTRICT JUDGE -5 AND ADDL. SESSIONS JUDGE PUNE	26-07-2013	30-08-2013	Filing of Say on Exh___Unready
100352/2013	DISTRICT JUDGE -5 AND ADDL. SESSIONS JUDGE PUNE	30-08-2013	24-09-2013	Filing of Say on Exh___Unready
100352/2013	DISTRICT JUDGE -5 AND ADDL. SESSIONS JUDGE PUNE	24-09-2013	24-10-2013	Filing of Say on Exh___Unready
100352/2013	DISTRICT JUDGE -5 AND ADDL. SESSIONS JUDGE PUNE	24-10-2013	19-11-2013	Argument on Exh.____Unready
100352/2013	DISTRICT JUDGE -5 AND ADDL. SESSIONS JUDGE PUNE	19-11-2013	17-12-2013	Argument on Exh.____Unready
100352/2013	DISTRICT JUDGE -5 AND ADDL. SESSIONS JUDGE PUNE	17-12-2013	23-01-2014	Argument on Exh.____Unready
100352/2013	DISTRICT JUDGE -5 AND ADDL. SESSIONS JUDGE PUNE	23-01-2014	24-02-2014	Argument on Exh.____Unready
100352/2013	DISTRICT JUDGE -5 AND ADDL. SESSIONS JUDGE PUNE	24-02-2014	18-03-2014	Argument on Exh.____Unready
100352/2013	DISTRICT JUDGE -5 AND ADDL. SESSIONS JUDGE PUNE	18-03-2014	16-04-2014	Arguments
100352/2013	DISTRICT JUDGE -5 AND ADDL. SESSIONS JUDGE PUNE	16-04-2014	13-06-2014	Arguments
100352/2013	DISTRICT JUDGE -5 AND ADDL. SESSIONS JUDGE PUNE	13-06-2014	10-07-2014	Arguments
100352/2013	DISTRICT JUDGE -5 AND ADDL. SESSIONS JUDGE PUNE	10-07-2014	12-08-2014	Arguments
100352/2013	DISTRICT JUDGE -5 AND ADDL. SESSIONS JUDGE PUNE	12-08-2014	16-09-2014	Arguments
100352/2013	DISTRICT JUDGE -5 AND ADDL. SESSIONS JUDGE PUNE	16-09-2014	05-11-2014	Arguments
100352/2013	DISTRICT JUDGE -5 AND ADDL. SESSIONS JUDGE PUNE	05-11-2014	17-12-2014	Arguments
100352/2013	DISTRICT JUDGE -5 AND ADDL. SESSIONS JUDGE PUNE	17-12-2014	21-01-2015	Arguments
100352/2013	EXTRA JT. ADHOC DIST. JUDGE AND ADDL. S. J. PUNE	21-01-2015	10-02-2015	Arguments
100352/2013	EXTRA JT. ADHOC DIST. JUDGE AND ADDL. S. J. PUNE	10-02-2015	29-04-2015	Arguments

Orders
Order No.	Order Date	Order Details
Writ Information
Regn. No.	Appellate Case No.	Appellate Authority	Date of Reciept
Case Transfer Details Between The Courts
Regn. No.	Transfer Date	From Court No & Judge	To Court No & Judge
100352/2013	21-01-2015	55 - DISTRICT JUDGE -5 AND ADDL. SESSIONS JUDGE PUNE	70 - EXTRA JT. ADHOC DIST. JUDGE AND ADDL. S. J. PUNE

PERFORMANCE AND OPERATIONS:

The Company registered sales turnover of Rs. 1189.658 Million during the year, as compared to Rs. 1191.808 Million in the previous year. Profit before Depreciation, Interest and Taxation was Rs. 172.599 Million as compared to Rs. 203.248 Million in the previous year, which represents a decrease of 15.08%. This was mainly because of decrease in sales, and increase in costs during the year. Profit before tax was Rs. 99.960 Million as compared to Rs.13.147 Million last year, which represents a decrease of 23.78 %. Profit after tax was Rs. 56.976 Million as compared to Rs. 84.944 Million last year, which represents an decrease of 32.92 %

UNSECURED LOAN

PARTICULARS	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Long-term Borrowings
Other external commercial borrowings	73.018	96.121

Total	73.018	96.121

CONTINGENT LIABILITIES (Claims against the company not acknowledged as debts are as follows:):

PARTICULARS	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Service Tax demand (u/s 11A of Central Excise Act 1944)	8.013	8.013
Demand against Income tax order for A.Y.09-10	14.499	0.000
Total	22.512	8.013
Other Contingent Liabilities
Bank Guarantees	0.000	0.000
Royal Bank of Scotland	0.000	4.408
Ratnakar Bank Limited	11.568	0.000
State Bank of India-Marol	7.697	6.418
State Bank of India-Deccan	2.032	0.000
Total	21.297	10.826
Liability for non receipt of sales tax forms
Financial Year 2007-2008	1.588	1.588
Financial Year 2010-2011	5.959	6.954
Financial Year 2011-2012	8.580	12.789
Financial Year 2012-2013	34.596	34.205
Financial Year 2013-2014	28.822	0.000
Total	79.545	55.536

INDEX OF CAHREGS:

S. NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10523654	06/08/2014	60,000,000.00	THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED	AMAR AVINASH CORPORATE CITY, SECTOR - 11, BUND GARDEN ROAD, PUNE - 410001, MAHARASHTRA, INDIA	C25332776

* Date of charge modification

FIXED ASSETS:

Land
Building
Plant and equipment
Furniture and fixtures
Vehicle
Office equipment
Computer software

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

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

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

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

Charges or investigation registered against subject: None

7] Criminal Records

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

8] Affiliation with Government :

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

9] Compensation Package :

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

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

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

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

CONTRAVENTION

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

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.66.17
UK Pound	1	Rs.100.66
Euro	1	Rs.70.97

INFORMATION DETAILS

Information Gathered by :	SVA

Analysis Done by :	AMR

Report Prepared by :	SNT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILITY	1~10	6
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	6
--RESERVES	1~10	6
--CREDIT LINES	1~10	6
--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	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		54

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.

MIRA INFORM REPORT

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