MIRA INFORM REPORT

Report No. :	342045
Report Date :	19.09.2015

IDENTIFICATION DETAILS

Name :	APOLLO INTERNATIONAL LIMITED
Registered Office :	Office No. 303, Third Floor, DLF Courtyard, Saket, New Delhi - 110017
Tel. No.:	91-124-6740200
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	25.08.1994
Com. Reg. No.:	55-061080
Capital Investment / Paid-up Capital :	Rs.165.000 Million
CIN No.: [Company Identification No.]	U74899DL1994PLC061080
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAACA6447N
Legal Form :	A Closely Held Public Limited Liability Company.
Line of Business :	Subject is engaged in export of diverse range of products and equipment’s in the field of steel, cement, water treatment plants and other infrastructure projects through its International Business Division, manufacturing and export of leather garments and accessories through its Tag Fashion Division and export of tyres, tubes and flaps through its Tyre Tech Global Division.
No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

Ba (49)

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

Maximum Credit Limit :	USD 3800000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subaject was incorporated on 25^th August, 1994. It is currently held by Apollo Finance Limited and by the promoter family (Kanwar family). It has satisfactory track record. Overall financial position of the company is decent. The rating also takes into consideration strong parentage of the company – the promoter family of Apollo Tyres Group. Trade relations are fair. Business is active. Payment terms are usually correct. 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	Fund Based Facilities = BBB+
Rating Explanation	Have moderate degree of safety and carry moderate credit risk.
Date	July, 2015

Rating Agency Name	ICRA
Rating	Fund Based Facilities = A2+
Rating Explanation	Have Strong degree of safety and carry low credit risk.
Date	July, 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 DECLINED

Management Non-Co-Operative (Tel No.: 91-120-2588552)

LOCATIONS

Registered Office :	Office No. 303, Third Floor, DLF Courtyard, Saket, New Delhi – 110017, India
Tel. No.:	91-124-6740200
Fax No.:	91-124-4197222
E-Mail :	pramendrat@apolloindia.com secretariallggn@gmail.com
Website :	http://www.apolloleather.com
Factory :	C-48, Sector – 58, Noida – 201301, Uttar Pradesh, India
Tel. No :	91-120-2588552 / 4
Fax No.:	91-120-2588551
E-Mail :	info@apolloleather.com
Head Office :	Plot No.20, Sector 44, Gurgaon – 122002, Haryana, India
Tel. No.:	91-124-6740200

DIRECTORS

As on 29.08.2015

Name :

Mr. Raaja Kanwar

Designation :

Managing Director

Address :

1/30, Shanti Niketan, Near Moti Baugh, New Delhi – 110021, India

Date of Birth/Age :

04.02.1970

Qualification :

MBA

Date of Appointment :

06.06.2012

PAN No.:

AAJPK0819J

DIN No.:

00024402

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	U74899DL1994PLC061080	APOLLO INTERNATIONAL LIMITED	Managing director	06/06/2012	15/12/1994	-	Active	NO
2	U74899DL1995PLC068740	TRAVEL TRACKS LIMITED	Director	14/07/1995	14/07/1995	22/02/2008	Active	NO
3	L25111KL1972PLC002449	APOLLO TYRES LIMITED.	Director	19/09/2002	19/09/2002	17/05/2010	Active	NO
4	U72900DL2003PLC119786	ENCORP E-SERVICE LIMITED	Director	07/04/2003	07/04/2003	04/03/2008	Active	NO
5	U19090DL2004PTC129691	AR SPA ENTERPRISES PRIVATE LIMITED	Director	06/10/2004	06/10/2004	-	Active	NO
6	U92120DL2005PLC135845	UFO MOVIEZ LIMITED	Nominee director	22/12/2006	05/05/2005	-	Amalgamated	NO
7	U22120DL2004PLC164728	UFO MOVIEZ INDIA LIMITED	Director	13/05/2005	13/05/2005	-	Active	NO
8	U72900MH2005PTC154979	MAC SOLUTIONS PRIVATE LIMITED	Director	02/08/2005	02/08/2005	12/08/2005	Active	NO
9	U74899DL2005PTC140965	UFO SOFTWARE TECHNOLOGIES PRIVATE LIMITED	Director	20/09/2005	20/09/2005	29/09/2010	Active	NO
10	U74999DL2007PLC158296	Apollo Logisolutions Limited	Additional director	03/03/2007	03/03/2007	-	Amalgamated	NO
11	U63020DL1989PLC174286	APOLLO LOGISOLUTIONS LIMITED	Managing director	01/04/2013	19/07/2007	-	Active	NO
12	U63012MH1999PTC121099	MODAL CONTAINER SERVICES PRIVATE LIMITED	Director	29/09/2008	19/07/2007	15/12/2009	Active	NO
13	U63000MH1999PTC121100	TREND CONTAINER SERVICES PRIVATE LIMITED	Director	29/09/2008	19/07/2007	15/12/2009	Active	NO
14	U85100DL2010PTC200694	SilverMaple Healthcare Services Private Limited	Director	29/09/2012	03/09/2012	01/01/2015	Active	NO
15	U63090DL2012PTC244255	APOLLO FIEGE INTEGRATED LOGISTICS PRIVATE LIMITED	Director	27/09/2013	03/11/2012	21/11/2013	Active	NO
16	U60200DL2011PTC227307	Kashipur Infrastructure and Freight Terminal Private Limited	Director	17/11/2014	22/10/2014	-	Active	NO

Name :

Mr. Vivek Bharati

Designation :

Director

Address :

C-5/43, Safdarjung Development Area, Delhi – 110016, India

Date of Birth/Age :

28.08.1955

Qualification :

BA (Hons) Economics, MA Economics

Date of Appointment :

26.02.2015

DIN No.:

00035336

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	U74899DL1994PLC061080	APOLLO INTERNATIONAL LIMITED	Director	26/02/2015	28/12/2005	-	Active	NO
2	U15419PB1989PTC009114	PEPSI FOODS PRIVATE LIMITED	Director	29/09/2008	27/03/2008	-	Amalgamated	NO
3	U63020DL1989PLC174286	APOLLO LOGISOLUTIONS LIMITED	Director	26/02/2015	27/07/2012	-	Active	NO
4	U63090DL2012PTC244255	APOLLO FIEGE INTEGRATED LOGISTICS PRIVATE LIMITED	Director	12/03/2015	12/03/2015	-	Active	NO

Name :

Mr. Naveen Kapur

Designation :

Whole-time Director

Address :

A-20/1 GF, SFS Flats, Saket, New Delhi – 110017, India

Date of Birth/Age :

04.05.1958

Date of Appointment :

01.04.2015

PAN No.:

AAAPK0616L

DIN No.:

00024538

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	U74899DL1994PLC061080	APOLLO INTERNATIONAL LIMITED	Whole-time director	01/04/2015	20/09/2004	-	Active	NO
2	U25190DL2013PTC256064	CLASSIC RETREADING PRIVATE LIMITED	Director	30/07/2013	30/07/2013	-	Active	NO
3	U85110DL2004PLC126414	ARTEMIS MEDICARE SERVICES LIMITED	Director	12/09/2014	06/11/2013	-	Active	NO
4	U33111DL2005PLC144156	ARTEMIS HEALTH SCIENCES LIMITED	Director	12/09/2014	06/11/2013	-	Active	NO
5	U74140DL2014PLC267725	APOLLO INTERNATIONAL PROEX LIMITED	Director	30/05/2014	30/05/2014	-	Active	NO

Name :

Mr. Ugar Sain Anand

Designation :

Director

Address :

34/A, 4, Block, Paschim Vihar New Delhi – 110065, India

Date of Birth/Age :

15.01.1943

Date of Appointment :

26.02.2015

DIN No.:

02055913

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	U74890DL2005PTC144206	ANAND PLASTICIDES PRIVATE LIMITED	Director	29/12/2005	29/12/2005	25/03/2014	Active	YES
2	U74899DL1994PLC061080	APOLLO INTERNATIONAL LIMITED	Director	26/02/2015	14/10/2009	-	Active	NO
3	L25111KL1959PLC009300	PTL ENTERPRISES LIMITED	Director	28/07/2010	20/10/2009	-	Active	NO
4	U85110DL2004PLC126414	ARTEMIS MEDICARE SERVICES LIMITED	Additional director	25/02/2015	25/02/2015	04/08/2015	Active	NO
5	U63090DL2012PTC244255	APOLLO FIEGE INTEGRATED LOGISTICS PRIVATE LIMITED	Director	12/03/2015	12/03/2015	-	Active	NO

Name :

Mr. Shivi Mohan Rastogi

Designation :

Director

Address :

C-517, Defence Colony, New Delhi - 110024, India

Date of Appointment :

25.03.2015

DIN No.:

01619307

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	U74899DL2005PTC136539	TURNAROUND CONSULTANTS PRIVATE LIMITED	Director	06/11/2005	06/11/2005	26/03/2008	Active	NO
2	U74899DL1986PTC025421	SHIVA CONSULTANTS PRIVATE LIMITED	Director	07/05/2007	07/05/2007	01/04/2011	Active	NO
3	L25111KL1959PLC009300	PTL ENTERPRISES LIMITED	Director	10/08/2015	06/02/2015	-	Active	NO
4	U74899DL1994PLC061080	APOLLO INTERNATIONAL LIMITED	Director	25/03/2015	26/02/2015	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Rakesh Gupta
Designation :	Chief Executive Officer and Company Secretary
Address :	88 I, South City II, Gurgaon - 122001, Haryana, India
Date of Birth/Age :	27.03.1965
Date of Appointment :	11.10.1994
PAN No.:	AAUPG0912H
Name :	Mr. Raaja Kanwar
Designation :	Vice and Managing Director

MAJOR SHAREHOLDERS

As on 29.08.2014

Names of Shareholders	No. of Shares
Onkar S Kanwar	1408000
Raaja Kanwar	2055000
Apollo Finance Limited, India	10150000
Amit Dyechem Private Limited, India	2886700
Rakesh Gupta	100
Harish Bahadur	100
Kewal Krishan Malhotra	100
Total	16500000

Equity Share Break up (Percentage of Total Equity)

As on 29.08.2014

Category	Percentage
Bodies corporate	79.02
Directors or relatives of Directors	20.98
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged in export of diverse range of products and equipment’s in the field of steel, cement, water treatment plants and other infrastructure projects through its International Business Division, manufacturing and export of leather garments and accessories through its Tag Fashion Division and export of tyres, tubes and flaps through its Tyre Tech Global Division.

Products :

Item Code No. (ITC Code)	Product Description
98010019	Supply, Erection and Commissioning and Civil Work
42031010	Leather Garments and Accessories
40112090	Automobile and Accesories

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Available

Imports :

Not Available

Terms :

Not Available

PRODUCTION STATUS NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

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

Customers :

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

No. of Employees :

Information declined by the management

Bankers :

Bank Name	State Bank of Mysore
Branch	3,4 and 5 D, D.A, Building, Nehru Place, New Delhi –110019, Delhi, 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

• Punjab and National Bank, ECE House, K.G. Marg, New Delhi – 110001, India
• PNB Housing Finance Limited, 9th Floor, Antriksh Bhawan, 22 K G Marg, New Delhi – 110001, India
• Canara Bank, Parliament Street, New Delhi – 110001, India

Facilities :

Secured Loan	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Long-term Borrowings
Rupee Term Loans from other	82.281	71.984
Other loans and Advances	14.139	0.000
Short-term borrowings
Loans repayable from banks	418.662	100.254
Other loans and advances	73.755	0.000
Term loans from banks	0.000	100.000
Total	588.837	272.238

Notes:

(A) Packing credit * 1,654.63 Bill discounting ** 2,531.99 * The Packing credit facilities are secured by first charge on the entire current assets of the existing business divisions of the Company on pari passu basis with other lenders in the consortium and second charge on the entire fixed assets of the existing business divisions of the Company on pari passu basis. ** Bill discounting facility is towards Letter nof Credits Purchase bills discounting and secured by the way of accepatance of Letter of Credit issuing bank.

(B) Packing credit * 1,002.54 * The Packing credit facilities are secured by first charge on the entire current assets of the existing business divisions of the Company on pari passu basis with other lenders in the consortium and second charge on the entire fixed assets of the existing business divisions of the Company on pari passu basis.

Auditors :
Name :	Deloitte Haskins And Sells Chartered Accountants
Address :	Old No. 37, New No. 52, 7th Floor, Asv N Ramanas Tower 52,Venkatnarayana Road, T Nagar, Chennai – 600017, Tamilnadu, India
PAN N Income-tax PAN of auditor or auditor's firm :	AACFD3771D
Memberships :	Not Available
Collaborators :	Not Available
Holding company:	Apollo Finance Limited, India (CIN No.:U65923DL1995PLC064163)
Subsidiary company:	Vinayak Infosys Private Limited, India (U72200DL1999PTC099475) Cosmic Investments, India (CIN No.:U65100DL1998PLC095123) Encorp E-Service Limited, India (U72900DL2003PLC119786) APOLLO Logisolutions Limited, India (U63020DL1989PLC174286) Glassdoor Entertainment Limited, India (U92490DL2007PLC159794) Trend Container Services Private Limited, India (U63000mh1999ptc121100) Modal Container Services Private Limited, India (U63012MH1999PTC121099) ALS Container Warehousing Limited, India (U63020DL2011PLC222817) Apollo-Everest Kool Solutions Private Limited, India (U63020DL2008PTC175318) Celestial Container Warehousing Private Limited, India (U63000DL2011PTC226235) Apollo World Connect Limited, India (U63000DL2012PLC241538) Apollo Fiege Integrated Logistics Private Limited, India (U63090DL2012PTC244255) AF Ferrari Secure Logitech Private Limited, India (U63090DL2013PTC261068) Kailash Shipping Services Private Limited, India (U35110TN1985PTC012326) Apollo International FZC APOLLO International Pte Limited Apollo TTG East Africa Limited
Associates Company :	Apollo International Trading LLC

CAPITAL STRUCTURE

As on 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
25000000	Equity Shares	Rs.10/- each	Rs.250.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
16500000	Equity Shares	Rs.10/- each	Rs.165.000 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	165.000	165.000	165.000
(b) Reserves & Surplus	1154.548	962.993	950.495
(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)	1319.548	1127.993	1115.495
(3) Non-Current Liabilities
(a) long-term borrowings	122.366	98.218	0.000
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	57.602	356.715	1.885
(d) long-term provisions	15.957	4.884	5.031
Total Non-current Liabilities (3)	195.925	459.817	6.916
(4) Current Liabilities
(a) Short term borrowings	492.417	200.254	173.942
(b) Trade payables	467.093	216.640	408.535
(c) Other current liabilities	536.259	672.059	318.047
(d) Short-term provisions	48.471	7.966	66.516
Total Current Liabilities (4)	1544.240	1096.919	967.040
TOTAL	3059.713	2684.729	2089.451
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	169.710	142.862	106.918
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	90.837	69.888	58.584
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	1246.269	985.918	985.918
(c) Deferred tax assets (net)	14.814	23.609	27.656
(d) Long-term Loan and Advances	135.835	231.960	152.626
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	1657.465	1454.237	1331.702
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	129.098	76.890	66.517
(c) Trade receivables	479.589	297.510	264.633
(d) Cash and cash equivalents	214.745	632.335	212.191
(e) Short-term loans and advances	402.599	166.654	214.408
(f) Other current assets	176.217	57.103	0.000
Total Current Assets	1402.248	1230.492	757.749
TOTAL	3059.713	2684.729	2089.451

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income	3318.684	1110.568	1506.189
	Other Income	87.914	189.763	48.611
	TOTAL	3406.598	1300.331	1554.800
Less	EXPENSES
	Cost of Materials Consumed	400.945	294.529	251.520
	Purchases of Stock-in-Trade	938.795	193.544	170.135
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(31.614)	(6.603)	19.731
	Employees benefits expense	318.882	164.612	161.323
	Other expenses	1402.752	547.594	1072.446
	TOTAL (B)	3029.760	1193.676	1675.155
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	376.838	106.655	(120.355)
Less	FINANCIAL EXPENSES	96.582	72.196	28.531
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	280.256	34.459	(148.886)
Less	DEPRECIATION/ AMORTISATION	33.734	17.914	9.743
	PROFIT/ (LOSS) BEFORE TAX	246.522	16.545	(158.629)
Less	TAX	54.967	4.047	(50.204)
	PROFIT/ (LOSS) AFTER TAX	191.555	12.498	(108.425)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD (K)	775.398	762.900	871.325
	Balance Carried to the B/S (J+K+L-M)	966.953	775.398	762.900
	EARNINGS IN FOREIGN CURRENCY
	F.O.B. Value of Exports	3025.400	1022.400	11292.400
	Others	5.300	4.500	13.900
	TOTAL EARNINGS	3030.700	1026.900	11306.300
	Earnings / (Loss) Per Share (Rs.)	11.61	0.76	(6.57)

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	28.529	16.127	0.000
Cash generated from operations	NA	NA	NA
Net cash flows from (used in) operations	(372.403)	289.359	548.673
Net cash flows from (used in) operating activities	(374.622)	289.359	515.673

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	5.77	1.13	(7.20)
Operating Profit Margin (PBIDT/Sales)	(%)	11.36	9.60	(7.99)
Return on Total Assets (PBT/Total Assets}	(%)	14.44	1.03	(15.59)
Return on Investment (ROI) (PBT/Networth)		0.19	0.01	(0.14)
Debt Equity Ratio (Total Debt /Networth)		0.49	0.28	0.16
Current Ratio (Current Asset/Current Liability)		0.91	1.12	0.78

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	165.000	165.000	165.000
Reserves & Surplus	950.495	962.993	1154.548
Net worth	1115.495	1127.993	1319.548
long-term borrowings	0.000	98.218	122.366
Short term borrowings	173.942	200.254	492.417
Current Maturities of Long-Term Debts	0.000	16.127	28.529
Total borrowings	173.942	314.599	643.312
Debt/Equity ratio	0.156	0.279	0.488

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	1506.189	1110.568	3318.684
		(26.266)	198.828

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	1506.189	1110.568	3318.684
Profit	(108.425)	12.498	191.555
	(7.20%)	1.13%	5.77%

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

NOTE: Registered office of the company has been shifted from Office No.202, F-46, Bhagat Singh Market, New Delhi – 110001, India to the present address w.e.f. 01.08.2010

OPERATIONS

During the year ended on 31st March, 2014 sales and other income amounted to Rs.3406.600 Million as against Rs.1300.300 Million during the previous year. Profit before Taxation for the year ended on 31st March, 2014 was Rs.246.500 Million as against Rs.16.500 Million in previous year. Free Reserves as on 31st March 2014 stand at Rs.1154.500 Million as against the paid up Equity Capital of Rs.165.000 Million.

During the year ended on 31st March, 2014 sales of International Business Division of the Company amounted to Rs.267.300 Million as against Rs.3.942 Million during the previous year. Revenue for the year ended on March 2014, was strong, considering order for Rs.4500.000 Million from Government of Malawi under execution along with other orders from Lesotho and Ethiopia.

International Business Division of the Company is working with highly reputed companies in India who function as supporting manufacturers for the projects in overseas markets and all the business is with Government Organizations or Parastatal bodies.

In the coming financial year, major steps being undertaken by the International business division include the following:

Provide best possible service to the existing clients, in order to secure repeat orders. Develop new business in Latin America and French speaking African countries. Participate in tendering business in Middle East, Africa and Latin America.

The Company’s tyre Business through its subsidiary i.e. Apollo International FZC, Sharjah, has been able to maintain its profitability during the financial year 2013-14 inspite of challenging business environment. Its revenue during the said period was also maintained inspite of a dramatic fall in prices across the world. Sales in terms of quantity has increased despite the fact that demand in most big markets has come down and customers are working on lowest possible stock levels.

During the year ending on 31st March 2014, Sales of Leather Division of the Company amounted to Rs.653.600 Million as against Rs.534.100 Million during the previous year. The Company entered a new geographical market in UK, while continuing to provide exceptional service to their regular clients. The revenue figures also include the sales of leather belts & bags, these new product lines will contribute positively and in a higher ratio in the next 3-4 years.

UNSECURED LOAN

PARTICULARS	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Long-term Borrowings
Rupee term loans from others	25.946	26.234
Total	25.946	26.234

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10583572	22/07/2015	791,687.00	ICICI BANK LIMITED	LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA	C60579521
2	10569439	20/05/2015	180,000,000.00	State Bank Of Travancore	18/4, Arya Samaj Road, New Delhi, Delhi - 110005,  INDIA	C53647053
3	10567747	22/04/2015	1,142,500.00	ICICI BANK LIMITED	LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA	C52846417
4	10565529	16/04/2015	1,040,000.00	ICICI BANK LIMITED	LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA	C51706919
5	10558255	24/03/2015	1,148,500.00	ICICI BANK LIMITED	LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA	C48467013
6	10558252	17/03/2015	1,040,000.00	ICICI BANK LIMITED	LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA	C48465454
7	10544055	22/01/2015	47,500,000.00	STATE BANK OF MYSORE	F -6, UPPER GROUND FLOOR, EAST OF KAILASH, NEW DE  LHI, Delhi - 110065, INDIA	C40917569
8	10541646	31/12/2014	894,624.00	ICICI BANK LIMITED	LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA	C39781711
9	10541649	29/12/2014	811,747.00	ICICI BANK LIMITED	LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA	C39782834
10	10536688	05/12/2014	2,964,000.00	ICICI BANK LIMITED	LANDMARK RACE COURSE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA	C36988517

CONTINGENT LIABILITIES:

(Rs. in million)

PARTICULARS	31.03.2014	31.03.2013
Claims against company not acknowledged as debt	24.376	25.407
Guarantees	2028.893	1694.160

FIXED ASSETS

Tangible Assets

• Buildings
• Plant and equipment
• Furniture and fixtures
• Furniture and fixtures
• Vehicles
• Office equipment
• Leasehold improvements

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.65.92
UK Pound	1	Rs.102.75
Euro	1	Rs.75.12

INFORMATION DETAILS

Information Gathered by :	PRT
Analysis Done by :	RSM
Report Prepared by :	SUJ

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILITY	1~10	4
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	6
--CREDIT LINES	1~10	6
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		49

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.