MIRA INFORM REPORT

Report No. :	488275
Report Date :	25.01.2018

IDENTIFICATION DETAILS

Name :	EMERSON PROCESS MANAGEMENT (INDIA) PRIVATE LIMITED (w.e.f 06.08.2002)
Formerly Known As :	FISHER – ROSEMOUNT (INDIA) PRIVATE LIMITED (w.e.f 07.03.2001) FISHER – ROSEMOUNT (INDIA) LIMITED (w.e.f 11.08.1994) ROSEMOUNT (INDIA) LIMITED
Registered Office :	“Delphi” B Wing, 601 and 602, 6^th Floor, Central Avenue, Hiranandani Business Park, Powai, Mumbai – 400076, Maharashtra
Tel. No.:	91-22-66620555/66736000
Country :	India
Financials (as on) :	31.03.2016
Date of Incorporation :	25.03.1981
Com. Reg. No.:	11-024115
Capital Investment / Paid-up Capital :	INR 105.614 Million
CIN No.: [Company Identification No.]	U29196MH1981PTC024115
IEC No.:	0888009364
GSTIN:	27AAACF1667M1ZD
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAACF1667M
Legal Form :	Private Limited Liability Company
Line of Business :	Subject engaged in manufacture and trading of process control instruments, distributed control system and related services. (Registered Activity)
No. of Employees :	Information declined by the management

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

A+

Credit Rating	Explanation	Rating Comments
A+	Low Risk	Business dealings permissible with low risk of default

Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is a subsidiary of “Rutherfurd Acquisition Limited, United Kingdom and step down subsidiary of “Emerson Electric Co., USA. It is an established company incorporated in the year 1981 having good track record. Management of the company has not filed its financials with the government department for the year 2017. As per available financial of 2016, revenue and profit of the company has declined. However, the company possesses sound financial profile marked by healthy net worth base along with debt free balance sheet and favorable gap between trade payables to its trade receivables. Fundamentals of the company are healthy. The company also derives strength from its strong holding entity and its experienced management team. It is also to be noted that “Emerson Electric” has been ranked with 139^th with Fortune 500 countries. Trade relations are reported as fair. Business is active. Payments terms are reported to be regular and as per commitment. In view of the aforesaid, the company can be considered good 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.

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 31-03-2016.

BIFR (Board for Industrial & Financial Reconstruction) LISTING STATUS

Subject’s name is not listed as a Sick Unit in the publicly available BIFR (Board for Industrial & Financial Reconstruction) list as of 25.01.2018

IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS

Subject’s name is not listed in the publicly available IBBI (Insolvency and Bankruptcy Board of India) list as of report date.

INFORMATION DENIED BY

Name :	Mr. Sanjay
Designation :	Accounts / Finance Department
Contact No.:	91-22-66620555
Date :	18.09.2017

91-20-66121900 (Management Non Co-Operative)

LOCATIONS

Registered / Head Office :	“Delphi” B Wing, 601 and 602, 6^th Floor, Central Avenue, Hiranandani Business Park, Powai, Mumbai – 400076, Maharashtra, India
Tel. No.:	91-22-66620555 91-22-66736000/ 66736004/3/2/1/ 66620566
Fax No.:	91-22-66620500
E-Mail :	kiran.gadre@emerson.com process.india@emerson.com Sharad.Rane@emerson.com
Website :	http://www.emersonprocess.com
Location :	Owned
Locality :	Commercial
Factory 1:	Plot No. A145/4, TTC Industrial Area, Pawane Village, MIDC, Navi Mumbai - 400710, Maharashtra, India
Tel. No.:	91-22-66736000
Factory 2:	No.147, Rajiv Gandhi Salai, OMR, Karapakkam Village, Chennai – 600097, TamilNadu, India
Tel. No.:	91-44-49034300
Factory 3:	J525, MIDC, Industrial Area, Bhosari, Pune – 411026, Maharashtra, India
Tel. No.:	91-20-66121900
Branch Office :	5 Floor, Plot # 23, Rajiv Gandhi Infotech Park Phase II, Hinjewade, Pune - 411057, Maharashtra, India
Other Offices :	NORTH REGION Head Office Gurugram Branch Offices · Lucknow · Kota CENTRAL REGION Head Office · Vadodara Branch Offices · Surat · Bhopal WESTERN REGION Head Office · Mumbai · Pune Branch Offices · Nagpur EAST REGION Head Office · Kolkata Branch Office · Bhuvaneshwar SOUTH REGION Head Office · Chennai Branch Offices · Hyderabad · Bangalore · Vizag · Chennai
Engg. Centre :	Located at · Pune · Noida · Chennai
Overseas Offices :	Located at · Bangladesh · Sri Lanka

DIRECTORS

AS ON 31.03.2017

Name :	Mr. Amit Ashok Paithankar
Designation :	Managing Director
Address :	B 406, Lake Primrose Phase – 4, Lake Homes Powai, Mumbai – 400076, Maharashtra, India
Date of Birth/Age :	01.04.1971
Qualification :	BE-Electrical Engineer, VJTI- Mumbai; Ph. D Technology -VJTI, Mumbai, Masters Diploma in Business Administration (Finance) – Symbiosis, Pune
Date of Appointment :	29.11.2011
PAN No.:	ACVPP9629H
DIN No.:	02435057
Name :	Mr. Anil Srichand Bhatia
Designation :	Managing Director
Address :	E3-301, Bhimashankar Chs, Sector 19 A, Nerul, Navi Mumbai-400706, Maharashtra, India
Date of Birth/Age :	15.06.1968
Date of Appointment :	09.03.2017
DIN No.:	07753493
Name :	Mrs. Purna Chandra Choudhury
Designation :	Wholetime Director
Address :	C110/1:2, 1st Floor, Maharashtra Chs, Sector 26, Opposite Angels School, Near UTI Building, Vashi, Navi Mumbai-400703, Maharashtra, India
Date of Birth/Age :	08.10.1968
Date of Appointment :	09.03.2017
DIN No.:	07753432
Name :	Mr. Naveen Nair Kannan Kutty
Designation :	Additional Director
Address :	342, Pasir Panjang Road, #03-01 Singapore 118676
Date of Appointment :	27.06.2017
DIN No.:	07857599
Name :	Mr. Sarang Rajaram Sathe
Designation :	Additional Director
Address :	B- 1103, Park Titanium, Sr. No. 210/2, 210/5, 211/2, Park Street, Wakad. Pune-411057, Maharashtra, India
Date of Appointment :	09.01.2018
DIN No.:	07272081

KEY EXECUTIVES

Name :	Mr. Sharad Amrut Rane
Designation :	Company Secretary
Address :	Flat No 4, 4th Floor The Residency, Vishweshwar Nagar, Goregaon-East, Mumbai – 400063, Maharashtra, India
Date of Birth/Age :	15.03.1959
Date of Appointment :	25.06.2004
PAN No.:	AAAPR5500L
Name :	Mr. Mandar Natekar
Designation :	Finance Department
Name :	Keyul M. Dedhia and Associates
Designation :	Company Secretary
Address :	B/15, 3^rd Floor, Raja CoOperative Housing Society, L.T. Road, Dahisar (West), Mumbai – 400068, India

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON: 30.09.2016

Names of Shareholders	No. of Shares	%age holding
Rutherfurd Acquisitions Limited, India	927120	87.78
Rosemount Inc., India	105620	10.00
Emerson Electric Company (India) Private Limited, India	23400	2.22
Total	1056140	100.00

Equity Share Break up (Percentage of Total Equity)

AS ON: 30.09.2016

Category	Percentage
Promoters (Bodies corporate)	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject engaged in manufacture and trading of process control instruments, distributed control system and related services. (Registered Activity)

Products :

Item Code No.	Product Description
90262000	Instruments, distributed control system

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Not Divulged

GENERAL INFORMATION

Suppliers :

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

Customers :

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

No. of Employees :

Information declined by the management

Bankers :

Banker Name	Corporation Bank
Branch Address	Industrial Finance Branch, Bharat House, 104 S B Marg, Mumbai-400001, Maharashtra, India
Person Name (With Designation)	--
Contact Number	--
Name of Account Holder	--
Account Number	--
Account Since (Date/Year of Account Opening)	--
Average Balance Maintained (If Possible)	--
Credit Facilities Enjoyed (If any)	--
Account Operation	--
Remarks (If any)	--

• State Bank of India, Vatwa Industrial Estate, Ahmedabad-382445, Gujarat, India

Financial institutions:	Ford Credit Kotak Mahindra Limited, 36-38 Anariman Bhavan, 227 Nariman Point, Mumbai-400021, Maharashtra, India
Auditors :
Name :	BSR and Company LLP Chartered Accountants
Address :	Lodha Excellus, 5^th Floor, Apollo MILLS Compound, N M Joshi Marg, Mahalaxmi, Mumbai – 400013, Maharashtra, India
Income-tax PAN of auditor or auditor's firm :	AAAFB9852F
Memberships :	Not Available
Collaborators :	Not Available
Holding Company : (with effect from 1st October 2013)	Rutherfurd Acquisitions Limited, UK
Ultimate Holding Company:	Emerson Electric Co, USA
Subsidiary Company :	Virgo Valves and Controls Private Limited, Pune, India
Step-down Subsidiary Company	Shanghai Virgo Valves Technology Consulting Company Limited Virgo Valves & Controls Korea Limited Emerson Process Management Virgo Valves SRL Italy (upto 30th September2015)
Fellow Subsidiary Company:	Rosemount Inc., USA Emerson Process Management Korea Limited Appleton Group LLC Emerson Process Management LLLP Beijing Rosemount Far East Instrument Co Emerson Process Management Remote Automation Solutions Control Techniques India Private Limited Emerson Process Management SRL Italy Daniel Measurement Solutions Private Limited Emerson Process Management St. Louis Emerson Process Management, Rosemount Tank Radar AB Emerson (Thailand) Limited Emerson Beijing Instrument Company Limited Emerson Process Management-Flow Technologies Company Limited Emerson Climate Technologies (I) Limited Emerson SRL Emerson Electric Company (India) Private Limited Instrument and Valve Services Company Emerson Process Management (Houstan) Instrument And Valves Services Emerson FZ Metco services Limited Emerson Process Management Distribution Limited Mobrey Limited Emerson Process Management Virgo valves SRL Italy (with effect from 1st October 2015) Net Safety Monitoring Inc. – Canada Emerson Network Power (India) Private Limited P I Componants Inc. Emerson Network Power Industrial Systems Remote Automation Solutions Emerson Process Management-Power and Water Solution (I) Private Limited Rosemount Analytical Inc Emerson Process Manag, GMBH and Co – Germany Rosemount Analytical Inc – Irvine Emerson Process Management QATAR Rosemount Analytical Inc (RAIO) Emerson Process Management (Malasia) SND Rosemount Analytical Inc OHIO-USA Emerson Process Management Asia Pacific Private Limited Rosemount Inc – USA Emerson Process Management Austin, USA Roxar Flow Measurement AS – Norway Emerson Process Management Chennai Private Limited Roxar Flow Measurment SDN BHD Emerson Process Management GmbH and Company OHG Roxar Services AS – Norway Emerson Process Management Karlstein Germany Elomatic Valve Actuators (F.E.) Pte. Limited Emerson Process Management Limited Emerson Process Management AB –Sweden Emerson Process Management – Texas Spectrex Inc. EGS PTE Limited Emerson Network Power (Singapore) PTE Emerson Process Management APM (Automation Solution) EMR (Asia) Limited Emerson Industrial Automation (Now known as Asco Numatics India Private Limited) Emerson Process Management Company Limited-Shanghai Emerson Process Management-Power and Water Solution – Shanghai Emerson Process Management (USA) Emerson Process Management AG (Switzerland) Emerson Process Management Asia Pacific (Singapore) Pte. Limited

CAPITAL STRUCTURE

AS ON 30.09.2016

Authorised Capital :

No. of Shares	Type	Value	Amount
1200000	Equity Shares	INR 100/- each	INR 120.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1056140	Equity Shares	INR 100/- each	INR 105.614 Million

FINANCIAL DATA

[all figures are in INR Million]

ABRIDGED BALANCE SHEET (STANDALONE)

SOURCES OF FUNDS	31.03.2016	31.03.2015	31.03.2014
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	105.614	105.614	105.614
(b) Reserves and Surplus	20946.251	21353.902	23473.064
(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)	21051.865	21459.516	23578.678
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.000
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long-term liabilities	43.757	51.754	58.738
(d) long-term provisions	171.837	158.909	41.633
Total Non-current Liabilities (3)	215.594	210.663	100.371
(4) Current Liabilities
(a) Short-term borrowings	0.000	0.000	0.000
(b) Trade payables	1008.626	2130.742	1259.073
(c) Other current liabilities	843.430	939.141	804.072
(d) Short-term provisions	148.795	189.638	133.446
Total Current Liabilities (4)	2000.851	3259.521	2196.591
TOTAL	23268.310	24929.700	25875.640
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	330.713	316.001	317.935
(ii) Intangible Assets	523.776	15.837	22.172
(iii) Tangible assets capital work-in-progress	4.005	2.729	29.314
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	16279.157	16957.558	19373.057
(c) Deferred tax assets (net)	267.000	293.984	245.886
(d) Long-term loans and advances	492.231	1011.995	163.993
(e) Other Non-current assets	212.135	142.710	77.276
Total Non-Current Assets	18109.017	18740.814	20229.633
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	860.666	1117.023	814.309
(c) Trade receivables	2382.944	2407.386	1913.448
(d) Cash and bank balances	466.582	409.244	185.856
(e) Short-term loans and advances	1257.391	1698.360	2438.049
(f) Other current assets	191.710	556.873	294.345
Total Current Assets	5159.293	6188.886	5646.007
TOTAL	23268.310	24929.700	25875.640

PROFIT & LOSS ACCOUNT (STANDALONE)

	PARTICULARS	31.03.2016	31.03.2015	31.03.2014
	SALES
	Total Revenue from operations	8406.195	7427.387	6760.090
	Other Income	101.949	4120.856	91.204
	TOTAL	8508.144	11548.243	6851.294
Less	EXPENSES
	Cost of Materials Consumed	4943.155	4603.767	3950.500
	Purchases of Stock-in-Trade	1007.855	1002.917	983.008
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	218.010	(115.977)	(49.967)
	Employee benefit expense	789.203	745.630	630.409
	CSR expenditure	6.115	1.889	0.000
	Other expenses	1018.967	827.155	984.020
	TOTAL	7983.305	7065.381	6497.970
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	524.839	4482.862	353.324
Less	FINANCIAL EXPENSES	8.697	31.284	47.457
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	516.142	4451.578	305.867
Less/ Add	DEPRECIATION/ AMORTISATION	169.772	94.319	86.354
	PROFIT/ (LOSS) BEFORE TAX	346.370	4357.259	219.513
Less	TAX	116.652	189.264	88.534
	PROFIT/ (LOSS) AFTER TAX	229.718	4167.995	130.979
	EARNINGS IN FOREIGN CURRENCY
	F.O.B. Value of Exports	352.454	278.147	663.945
	TOTAL EARNINGS	352.454	278.147	663.945
	IMPORTS
	Raw Materials	3565.659	3431.082	3269.013
	Capital Goods	462.973	423.756	720.988
	TOTAL IMPORTS	4028.632	3854.838	3990.001
	Earnings / (Loss) Per Share (INR)	218.00	3946.00	229.00

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2016	31.03.2015	31.03.2014
Current Maturities of Long term debt	NA	NA	NA
Net cash flows from (used in) operations	(475.102)	(152.054)	(489.360)
Net cash flows from (used in) operating activities	(698.045)	(377.489)	(642.476)

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2016	31.03.2015	31.03.2014
Average Collection Days (Sundry Debtors / Income * 365 Days)	103.47	118.30	103.31
Account Receivables Turnover (Income / Sundry Debtors)	3.53	3.09	3.53
Average Payment Days (Sundry Creditors / Purchases * 365 Days)	61.86	138.71	93.15
Inventory Turnover (Operating Income / Inventories)	0.61	4.01	0.43
Asset Turnover (Operating Income / Net Fixed Assets)	0.61	13.40	0.96

LEVERAGE RATIOS

PARTICULARS	31.03.2016	31.03.2015	31.03.2014
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	0.09	0.13	0.08
Debt Equity Ratio (Total Liability / Networth)	0.00	0.00	0.00
Current Liabilities to Networth (Current Liabilities / Net Worth)	0.10	0.15	0.09
Fixed Assets to Networth (Net Fixed Assets / Networth)	0.04	0.02	0.02
Interest Coverage Ratio (PBIT / Financial Charges)	60.35	143.30	7.45

PROFITABILITY RATIOS

PARTICULARS		31.03.2016	31.03.2015	31.03.2014
Net Profit Margin (PAT / Sales) * 100)	%	2.73	56.12	1.94
Return on Total Assets ((PAT / Total Assets) * 100)	%	0.99	16.72	0.51
Return on Investment (ROI) ((PAT / Networth) * 100)	%	1.09	19.42	0.56

SOLVENCY RATIOS

PARTICULARS	31.03.2016	31.03.2015	31.03.2014
Current Ratio (Current Assets / Current Liabilities)	2.58	1.90	2.57
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	2.15	1.56	2.20
G-Score Ratio Financial (Networth / Total Assets)	0.90	0.86	0.91
G-Score Ratio Debt (Debts / Equity Capital)	0.00	0.00	0.00
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	2.58	1.90	2.57

Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts

FINANCIAL ANALYSIS

[all figures are in INR Million]

DEBT EQUITY RATIO

Particular	31.03.2014	31.03.2015	31.03.2016
	(INR In Million)	(INR In Million)	(INR In Million)
Share Capital	105.614	105.614	105.614
Reserves & Surplus	23473.064	21353.902	20946.251
Net worth	23578.678	21459.516	21051.865
Long-term borrowings	0.000	0.000	0.000
Short term borrowings	0.000	0.000	0.000
Total borrowings	0.000	0.000	0.000
Debt/Equity ratio	0.000	0.000	0.000

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2014	31.03.2015	31.03.2016
	(INR In Million)	(INR In Million)	(INR In Million)
Sales	6760.090	7427.387	8406.195
		9.871	13.178

NET PROFIT MARGIN

Net Profit Margin	31.03.2014	31.03.2015	31.03.2016
	(INR In Million)	(INR In Million)	(INR In Million)
Sales	6760.090	7427.387	8406.195
Profit/ (Loss)	130.979	4167.995	229.718
	1.94 %	56.12 %	2.73 %

ABRIDGED BALANCE SHEET (CONSOLIDATED)

SOURCES OF FUNDS	31.03.2016
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	105.614
(b) Reserves and Surplus	20421.978
(c) Money received against share warrants	0.000
(2) Share Application money pending allotment	0.000
(3) Minority Interest
Total Shareholders’ Funds (1) + (2)	20527.592
(3) Non-Current Liabilities
(a) long-term borrowings	0.000
(b) Deferred tax liabilities (Net)	0.000
(c) Other long-term liabilities	65.949
(d) long-term provisions	212.679
Total Non-current Liabilities (3)	278.628
(4) Current Liabilities
(a) Short-term borrowings	150.000
(b) Trade payables	2271.870
(c) Other current liabilities	1275.343
(d) Short-term provisions	369.757
Total Current Liabilities (4)	4066.970
TOTAL	24873.190
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	2047.930
(ii) Intangible Assets	9907.712
(iii) Tangible assets capital work-in-progress	35.567
(iv) Intangible assets under development	0.000
(b) Non-current Investments	0.058
(c) Deferred tax assets (net)	280.252
(d) Long-term loans and advances	681.941
(e) Other Non-current assets	412.223
Total Non-Current Assets	13365.683
(2) Current assets
(a) Current investments	0.000
(b) Inventories	3333.436
(c) Trade receivables	4915.624
(d) Cash and bank balances	858.863
(e) Short-term loans and advances	1516.364
(f) Other current assets	883.220
Total Current Assets	11507.507
TOTAL	24873.190

PROFIT & LOSS ACCOUNT (CONSOLIDATED)

	PARTICULARS	31.03.2016
	SALES
	Total Revenue from operations	18918.978
	Other Income	221.074
	TOTAL	19140.052
Less	EXPENSES
	Cost of Materials Consumed	10074.428
	Purchases of Stock-in-Trade	1218.594
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	821.297
	Employee benefit expense	1803.473
	CSR expenditure	42.015
	Other expenses	2987.792
	Exceptional items	(643.311)
	TOTAL	16304.288
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	2835.764
Less	FINANCIAL EXPENSES	129.527
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	2706.237
Less/ Add	DEPRECIATION/ AMORTISATION	525.970
	PROFIT/ (LOSS) BEFORE TAX	2180.267
Less	TAX (H)	616.318
	PROFIT/ (LOSS) AFTER TAX	1563.949
	Earnings / (Loss) Per Share (INR)	1480.82

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

Note: The Registered Office of the company has been shifted from “D” Wing, 2nd Floor, Modern Mills Compound, Mumbai – 400011, Maharashtra, India” to the present address w.e.f. 20.04.2009.

INDEX OF CAHREGS:

SNO	SRN	CHARGE ID	CHARGE HOLDER NAME	DATE OF CREATION	DATE OF MODIFICATION	DATE OF SATISFACTION	AMOUNT	ADDRESS
1	Y10350164	90242527	FORD CREDIT KOTAK MAHINDRA LTD	31/05/2004	-	-	522000.0	36-38 ANARIMAN BHAVAN 227 NARIMAN POINTMUMBAIMH400021IN
2	Y10267614	90166367	STATE BANK OF INDIA	19/04/1995	20/04/1998	-	442700000.0	VATWA INDUSTRIAL ESTATEAHMEDABADGJ382445IN
3	Y10267506	90166259	STATE BANK OF INDIA	08/01/1994	16/08/1994	-	205200000.0	P B NO 10VATAWA INDUSTRIAL ESTATEAHMEDABADGJ382445IN
4	Y10267490	90166243	STATE BANK OF INDIA	27/10/1993	-	-	205200000.0	P B NO 10 VATWA INDUSTRIAL ESTATEAHMEDABADGJ382445IN
5	Y10267360	90166113	STATE BANK OF INDIA	19/03/1991	06/09/1993	-	141500000.0	P B NO 10 VATWA INDUSTRIAL ESTATEAHMEDABADGJ382445IN
6	Y10267347	90166100	THE HONKONG AND SHANGHAI BANKING CORPORAITON LTD	28/11/1990	-	-	14000000.0	BOMBAY MAIN BRANCHBOMBAYMH400001IN
7	Y10267265	90166018	STATE BANK OF INDIA	06/02/1989	07/09/1990	-	7300000.0	VATAWA INDUSTRIAL ESTATEAHMEDABADGJ382445IN
8	Y10263469	90162222	GUJRAT STATE FINANCIAL CORPORATION	02/01/1989	-	-	4500000.0	JALDARSHAN BUILDINGASHRAM ROADAHMEDABADGJIN
9	Y10266069	90164822	STATE BANK OF INDIA	19/07/1988	07/09/1990	-	28500000.0	VATVA INDUSTRIAL ESTATE BRANCHAHMEDABADGJ382445IN
10	Y10267238	90165991	STATE BANK OF INDIA	19/07/1988	22/03/1991	-	28500000.0	VATWA INDUSTRIAL ESTATEAHMEDABADGJ382445IN

FIXED ASSETS

• Plant and Equipment’s
• Factory Equipment’s
• Furniture and Fixture
• Vehicles
• Computer
• Computer Software

CMT REPORT (Corruption, Money Laundering & Terrorism]

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

1] INFORMATION ON DESIGNATED PARTY

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

2] Court Declaration :

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

3] Asset Declaration :

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

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

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

Charges or investigation registered against subject: None

7] Criminal Records

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

8] Affiliation with Government :

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

9] Compensation Package :

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

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

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

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

CONTRAVENTION

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

FOREIGN EXCHANGE RATES

Currency	Unit	INR
US Dollar	1	INR 63.64
UK Pound	1	INR 89.32
Euro	1	INR 78.45

INFORMATION DETAILS

Information Gathered by :	SPY
Analysis Done by :	DIV
Report Prepared by :	MTN

SCORE FACTORS

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

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

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 are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

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.