MIRA INFORM REPORT

Report No. :	511296
Report Date :	25.05.2018

IDENTIFICATION DETAILS

Name :	GLOBAL AUTOTECH LIMITED
Formerly Known As :	GLOBAL AUTOTECH PRIVATE LIMITED
Registered Office :	83, LGF World Trade Centre, Barakhamba Lane, New Delhi – 110001
Tel. No.:	91-11-23414946
Country :	India
Financials (as on) :	31.03.2017
Date of Incorporation :	20.05.2003
Com. Reg. No.:	55-120424
Capital Investment / Paid-up Capital :	INR 200.000 Million
CIN No.: [Company Identification No.]	U34300DL2003PLC120424
IEC No.: [Import-Export Code No.]	0504002651
PAN No.: [Permanent Account No.]	AACCG0911B
TAN No.: [Tax Deduction & Collection Account No.]	Not Divulged
GSTN : [Goods & Service Tax Registration No.]	07AACCG0911B2ZD
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturing of Automotive Components (Registered Activity)
No. of Employees :	Not Divulged

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	Acceptable Risk	Business dealings permissible with moderate risk of default

Maximum Credit Limit :	USD 1550000
Status :	Good
Payment Behaviour :	Usually correct
Litigation :	Exist
Comments :	Subject was incorporated in the year 2003. The company manufactures aluminium die castings for the automotive industry, and other machined components. Its products include die casting components, tube and hose connectors, magnetic clutches, rotors, idler pulleys, pistons, swashes, and shafts. For the financial year ended 2017, the company has achieved an average net profit margin of 2.02% and has earned a satisfactory growth of 31.55% in its revenue as compared to the previous year’s revenue. The company possesses healthy financial position marked by sound net worth base along with average liquidity position and acceptable debt balance sheet profile. Business is active. Payment seems to be usually correct. In view of aforesaid, the company can be considered for business dealings at usual trade terms and condition.

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

Country Name	Previous Rating (30.09.2017)	Current Rating (31.12.2017)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	D

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	Long term loans : BBB+
Rating Explanation	Moderate degree of safety and moderate credit risk
Date	05.07.2017

Rating Agency Name	CRISIL
Rating	Short term loans : A2
Rating Explanation	Strong degree of safety and low credit risk
Date	05.07.2017

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 31-03-2018.

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 25.05.2018

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 DECLINED

Management non-cooperative (Tel No.: 91-120-2341617/20)

Tel No.: 91-11-23414946 – Not Working

LOCATIONS

Registered Office :	83, LGF World Trade Centre, Barakhamba Lane, New Delhi – 110001, India
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	info@globalauto.co.in agupta@globalauto.co.in
Website :	http://www.globalauto.co.in
Factory 1 :	6F, Sector 40-41, Greater Noida – 201308, Uttar Pradesh, India
Tel. No.:	91-120-2341617-20
Fax No.:	91-120-2341619
Factory 2 :	3D, Udyog Vihar, Ecotech II, Greater Noida – 201306, Uttar Pradesh, India
Tel. No.:	91-120-4141800 onward to 4141899
Fax No.:	91-120-4141816

DIRECTORS

As on 31.03.2017

Name :

Mrs. Divya Suri Singh

Designation :

Director

Address :

N-119 Panchsheel Park, New Delhi – 110017, India

Date of Birth/Age :

16.07.1974

Qualification :

Master in Laws

Date of Appointment :

25.10.2003

PAN No.:

ABCPS2294M

DIN No.:

00004559

Other Directorship :

CIN/FCRN	Company Name	Begin Date	End Date
U74999DL2018PTC329029	BHARAT HOTELS AVIATIONS PRIVATE LIMITED	01/02/2018	-
U55101DL2016PLC300264	MANGAR HOTELS & RESORTS LIMITED	24/05/2016	-
U70109DL2006PTC149732	PRIMA BUILDWELL PRIVATE LIMITED	16/10/2006	-
U70101DL2006PTC148864	PRIMA REALTORS PRIVATE LIMITED	16/10/2006	-
U01121DL2005PLC140879	PREMIUM FARM FRESH PRODUCE LIMITED	25/08/2009	-
U74999DL2003PLC122354	DEEKSHA HUMAN RESOURCE INITIATIVES LIMITED	16/10/2006	-
U55101DL2001PLC112164	KHAJURAHO HOTELS LIMITED	16/10/2006	-
U55101DL2001PLC112153	UDAIPUR HOTELS LIMITED	16/10/2006	-
U74899DL1995PLC066703	PRIME CELLULAR LIMITED	17/09/2008	-
U74899DL1988PTC031773	RESPONSIBLE BUILDERS PRIVATE LTD	18/08/2010	-
U52110DL1987PLC029757	PREMIUM EXPORTS LIMITED	18/08/2010	-
U74899DL1987PTC028123	SPECIAL PROTECTION SERVICES PRIVATE LIMITED	18/08/2010	-
U67120DL1983PTC017257	JYOTSNA HOLDING PRIVATE LIMITED	18/08/2010	-
U65910DL1983PLC015912	DEEKSHA HOLDING LIMITED	29/09/2010	-
U74899DL1981PLC011274	BHARAT HOTELS LIMITED	26/08/2009	-
U55101JK1964PLC000286	JYOTI LIMITED	16/10/2006	-

Name :

Mr. Virender Kumar Chanana

Designation :

Director

Address :

D – 79, Gulmohar Park, New Delhi – 110049, India

Date of Birth/Age :

24.02.1939

Qualification :

Retired IAS

Date of Appointment :

01.10.2009

PAN No.:

AFKPC9145B

DIN No.:

00069599

Other Directorship :

CIN/FCRN	Company Name	Begin Date	End Date
U74899DL1988PLC030957	ROHAN MOTORS LTD	30/09/2015	-
U74899DL1993PTC054951	SUNVISORS (INDIA) PRIVATE LIMITED	01/08/1996	-
U74899DL1994PTC060999	MERCANTILE CAPITALS AND FINANCIAL SERVICES PRIVATE LIMITED	04/01/2018	-
U70101DL2005PTC139829	KUJJAL BUILDERS PRIVATE LIMITED	02/01/2018	-
U27104UP1987PTC008684	COLD FORM ENGINEERING PRIVATE LIMITED	03/01/2018	-
U35999HR2017PTC071701	SIPLINGRESS AUTO PRIVATE LIMITED	04/12/2017	-

Name :

Mr. Ramesh Suri

Designation :

Director

Address :

N-119, Panchsheel Park, New Delhi – 110017, India

Date of Birth/Age :

12.12.1939

Qualification :

B.S.E.

Date of Appointment :

20.07.2005

PAN No.:

ATFPS6976D

DIN No.:

00176488

Other Directorship :

CIN/FCRN	Company Name	Begin Date	End Date
U74899DL1994PLC063318	FIBCOM INDIA LIMITED	08/09/2005	-
U74899DL1975PTC007775	HEMKUNT SERVICE STATION PRIVATE LIMITED	05/09/1998	-
U74899DL1981PLC011274	BHARAT HOTELS LIMITED	22/01/1981	-
U55101DL2001PLC112164	KHAJURAHO HOTELS LIMITED	07/08/2002	-
U55101DL2001PLC112153	UDAIPUR HOTELS LIMITED	26/02/2002	-
U65910DL1983PLC015912	DEEKSHA HOLDING LIMITED	16/10/2006	-
U74899DL1998PTC071981	TEMPO AUTOMOBILES PVT LTD	23/10/1998	-
U74899DL1983PTC017127	R R HOLDINGS PRIVATE LIMITED	27/08/1998	-
U74899DL1995PLC066700	PRIMA TELECOM LIMITED	24/03/1995	-
U67120DL1983PTC017257	JYOTSNA HOLDING PRIVATE LIMITED	16/10/2006	-
U74899DL1994PTC060999	MERCANTILE CAPITALS AND FINANCIAL SERVICES PRIVATE LIMITED	22/08/1994	-
U65921DL1991PTC045994	TEMPO FINANCE (NORTH ) PRIVATE LIMITED	11/10/1991	-
L29113DL1984PLC018415	JTEKT INDIA LIMITED	23/10/2006	-
U50404CH1991PTC011061	ANBROS MOTORS PRIVATE LIMITED	29/09/2007	-
L74899DL1985PLC020134	SUBROS LIMITED	12/05/2008	-
U74899DL1988PLC030957	ROHAN MOTORS LTD	01/04/2013	-
U50404WB1985PTC038903	SAWALKA AUTOTECH PVT LTD	17/05/1998	-
U36999WB2004PLC097656	APOLLO ZIPPER INDIA LIMITED	30/11/2005	-
U74899DL1985PTC020685	S.H.S. TRANSPORT PRIVATE LIMITED	15/04/1985	-
U70101DL1986PTC025586	R.R. HOLDINGS PRIVATE LIMITED	27/08/1998	-

Name :

Mrs. Ritu Suri

Designation :

Director

Address :

E-7 Panchsheel Park, New Delhi – 110017, India

Date of Birth/Age :

21.02.1944

Qualification :

B.Com

Date of Appointment :

20.05.2003

PAN No.:

ABJPS2631K

DIN No.:

00177111

Other Directorship :

CIN/FCRN	Company Name	Begin Date	End Date
U55101JK1964PLC000286	JYOTI LIMITED	16/09/2015	-
U27104PB1972PTC003140	TERIOT STEELS PVT LTD	20/06/2006	-
U50404WB1985PTC038903	SAWALKA AUTOTECH PVT LTD	17/05/1998	-
U74899DL1975PTC007775	HEMKUNT SERVICE STATION PRIVATE LIMITED	13/02/1991	-
U74899DL1983PTC017127	R R HOLDINGS PRIVATE LIMITED	27/08/1998	-
U74899DL1985PTC020685	S.H.S. TRANSPORT PRIVATE LIMITED	20/08/2003	-
U70101DL1986PTC025586	R.R. HOLDINGS PRIVATE LIMITED	27/08/1998	-
U74899DL1988PLC030957	ROHAN MOTORS LTD	05/05/2007	-
U74899DL1989PTC038256	BEE PEE MOTORS PRIVATE LIMITED	04/12/2006	-
U74899DL1990PTC039461	TRISHUL LEASING PRIVATE LIMITED	07/09/2015	-
U74899DL1998PTC071981	TEMPO AUTOMOBILES PVT LTD	30/10/2003	-
U34300DL1998PTC094530	SAWALKA AUTOTECH PRIVATE LIMITED	16/06/1998	-
U50300DL2005PTC139385	ROHAN AUTO SALES PRIVATE LIMITED	05/08/2005	-
U70100DL2010PTC205523	PIA INFRASTRUCTURE PRIVATE LIMITED	08/07/2010	-

Name :

Mr. Narinder Kumar Batra

Designation :

Director

Address :

W – 11, Greater Kaillash Part – II, New Delhi – 110048, India

Date of Birth/Age :

19.04.1957

Qualification :

Graduate

Date of Appointment :

01.05.2004

PAN No.:

ABUPB5709N

DIN No.:

00713037

Other Directorship :

CIN/FCRN	Company Name	Begin Date	End Date
U36999WB2004PLC097656	APOLLO ZIPPER INDIA LIMITED	22/08/2007	-
U74899DL1978PTC009097	SUPER PARTS PVT. LTD	16/08/2003	-
U74899DL1978PTC009316	WELLWORTH AGENCIES PVT LTD	31/12/1988	-
U65999DL1985PTC020780	GALLANT LEASING AND FINANCIAL SERVICES PRIVATE LIMITED	15/02/1997	-
U74899DL1986PTC023908	BATRA WORLDWIDE PRIVATE LTD	15/01/1992	-
U34101DL1986PTC023895	KRISHNA AUTOMOBILES PRIVATE LTD	19/10/1989	-
U74899DL1994PLC063915	AUTOTECH ANCILLARIES LIMITED	22/04/2005	-
U74899DL1984PTC019360	BATRA BROTHERS PRIVATE LIMITED	15/03/2004	-
U80200DL2007PTC170407	BWI EDUCON VENTURES PRIVATE LIMITED	14/11/2007	-
U40106DL2010PTC203686	CARGO SOLAR POWER ( GUJARAT) PRIVATE LIMITED	29/09/2015	-

Name :

Mr. Mohinder Kumar Puri

Designation :

Whole Time director

Address :

14, 1^st Floor Kailash Hills, East of Kailash, Delhi – 110065, India

Date of Birth/Age :

21.08.1946

Qualification :

BE (MECH)

Date of Appointment :

07.01.2009

PAN No.:

AAKPP1662P

DIN No.:

02535628

KEY EXECUTIVES

Name :	Mr. Rajeev Paal Gupta
Designation :	Chief Finance Officer
Address :	H No-245, Sector-21A, Faridabad-121001, Haryana, India
Date of Birth/Age :	09.09.1963
Date of Appointment :	01.04.2016
PAN No.:	AAAPG3542P
Name :	Mr. Atul Gupta
Designation :	Company Secretary
Address :	House No 139, Sector 44A, Chandigarh-160044, Punjab, India
Date of Birth/Age :	07.07.1967
Date of Appointment :	22.12.2012
PAN No.:	ADFPG4380B

MAJOR SHAREHOLDERS

As on 31.03.2017

Names of Shareholders	No. of Shares
Ritu Suri	1200000
Mercantile Capital and Financial Services Private Limited, India	9350000
Jyotsna Suri	2399000
Ramesh Suri	1350000
R R Holding Private Limited, India	400000
Ramesh Suri HUF	200000
Jyotsna Holding Private Limited, India	1000
Deeksha Holding Limited	2600000
Cold Form Engineering Private Limited, India	2500000
Total	20000000

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2017

Category	Percentage
Promoters (Individual/Hindu Undivided Family – Indian)	25.75
Promoters (Body corporate)	74.25
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturing of Automotive Components (Registered Activity)

Products / Services :

Item Code No.	Products/Services Description
87049090	Auto Components

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Not Divulged

PRODUCTION STATUS – (NOT AVAILABLE)

GENERAL INFORMATION

Suppliers :

Reference :	Not Divulged
Name of the Person :	--
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 :

Not Divulged

Bankers :

Banker Name :	Yes Bank Limited
Branch :	9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai-400018, Maharashtra, India
Person Name (With Designation) :	--
Contact Number :	--
Name of Account Holder :	--
Account Number :	--
Account Since (Date/Year of Account Opening) :	--
Average Balance Maintained :	--
Credit Facilities Enjoyed (CC/OD/Term Loan) :	--
Account Operation :	--
Remark :	--

Axis Bank Limited, 2nd Floor, Red Fort Capital, Parsvnath Towers, Gole Market, Bhai Veer Singh Marg, New Delhi-110001, India

Facilities :

Secured Loan	31.03.2017 (INR in Million)	31.03.2016 (INR in Million)
Long-term Borrowings
Rupee term loans from banks	56.250	166.317
Rupee term loans from others	116.666	0.000
Intercorporate deposits	98.796	89.395
Short-term borrowings
Other loans and advances	493.355	473.455
Total	765.067	729.167

Auditors :
Name :	V.K. Dhingra and Company Chartered Accountants
Address :	1-E/15, Jhandewalan Extension, New Delhi, India
Income-tax PAN of auditor or auditor's firm :	AAAFV7051N
Memberships :	Not Available
Collaborators :	Not Available
Other related parties :	Mercantile Capitals and Financial Services Private Limited Deeksha Holding Limited

CAPITAL STRUCTURE

As on 30.09.2017

Authorised Capital :

No. of Shares	Type	Value	Amount
20000000	Equity Shares	INR 10/- each	INR 200.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
20000000	Equity Shares	INR 10/- each	INR 200.000 Million

FINANCIAL DATA

[all figures are INR Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2017	31.03.2016	31.03.2015
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	200.000	200.000	200.000
(b) Reserves and Surplus	343.736	283.261	256.242
(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)	543.736	483.261	456.242
(3) Non-Current Liabilities
(a) long-term borrowings	271.712	255.712	382.800
(b) Deferred tax liabilities (Net)	42.835	39.736	49.622
(c) Other long-term liabilities	0.000	0.000	0.000
(d) long-term provisions	29.115	21.289	15.057
Total Non-current Liabilities (3)	343.662	316.737	447.479
(4) Current Liabilities
(a) Short-term borrowings	538.093	511.065	434.465
(b) Trade payables	395.773	272.939	251.387
(c) Other current liabilities	274.548	271.978	191.013
(d) Short-term provisions	0.821	37.995	29.658
Total Current Liabilities (4)	1209.235	1093.977	906.523
TOTAL	2096.633	1893.975	1810.244
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	1062.355	895.655	899.771
(ii) Intangible Assets	0.722	0.362	0.576
(iii) Tangible assets capital work-in-progress	31.424	17.625	15.549
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	90.777	86.732	86.024
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term loans and advances	177.597	157.979	158.753
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	1362.875	1158.353	1160.673
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	263.852	205.184	181.977
(c) Trade receivables	346.344	430.064	391.199
(d) Cash and bank balances	15.869	24.450	21.913
(e) Short-term loans and advances	93.767	63.538	43.548
(f) Other current assets	13.926	12.386	10.934
Total Current Assets	733.758	735.622	649.571
TOTAL	2096.633	1893.975	1810.244

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2017	31.03.2016	31.03.2015
	SALES
	Revenue from operations	2992.587	2274.929	1984.572
	Other Income	25.797	14.385	20.863
	TOTAL	3018.384	2289.314	2005.435
Less	EXPENSES
	Cost of Materials Consumed	1615.119	1083.366	965.482
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(18.068)	(1.263)	12.013
	Employee benefit expense	416.309	324.764	287.811
	CSR expenditure	1.020	0.935	0.000
	Other expenses	682.813	559.259	459.144
	TOTAL	2697.193	1967.061	1724.450
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	321.191	322.253	280.985
Less	FINANCIAL EXPENSES	94.874	91.278	85.787
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	226.317	230.975	195.198
Less/ Add	DEPRECIATION/ AMORTISATION	159.638	159.452	147.342
	PROFIT/ (LOSS) BEFORE TAX	66.679	71.523	47.856
Less	TAX	6.204	30.061	17.217
	PROFIT/ (LOSS) AFTER TAX	60.475	41.462	30.639
	Earnings / (Loss) Per Share (INR)	3.02	2.07	1.53

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2017	31.03.2016	31.03.2015
Current Maturities of Long term debt	171.100	144.989	83.235
Cash generated from operations	NA	NA	NA
Net cash flows from (used in) operations	425.492	280.151	215.896

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Average Collection Days (Sundry Debtors / Income * 365 Days)	42.24	69.00	71.95
Account Receivables Turnover (Income / Sundry Debtors)	8.64	5.29	5.07
Average Payment Days (Sundry Creditors / Purchases * 365 Days)	89.44	91.96	95.04
Inventory Turnover (Operating Income / Inventories)	1.22	1.57	1.54
Asset Turnover (Operating Income / Net Fixed Assets)	0.29	0.35	0.31

LEVERAGE RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	0.79	0.79	0.76
Debt Equity Ratio (Total Liability / Networth)	1.80	1.89	1.97
Current Liabilities to Networth (Current Liabilities / Net Worth)	2.22	2.26	1.99
Fixed Assets to Networth (Net Fixed Assets / Networth)	2.01	1.89	2.01
Interest Coverage Ratio (PBIT / Financial Charges)	3.39	3.53	3.28

PROFITABILITY RATIOS

PARTICULARS		31.03.2017	31.03.2016	31.03.2015
Net Profit Margin ((PAT / Sales) * 100)	%	2.02	1.82	1.54
Return on Total Assets ((PAT / Total Assets) * 100)	%	2.88	2.19	1.69
Return on Investment (ROI) ((PAT / Networth) * 100)	%	11.12	8.58	6.72

SOLVENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Current Ratio (Current Assets / Current Liabilities)	0.61	0.67	0.72
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	0.39	0.48	0.52
G-Score Ratio Financial (Networth / Total Assets)	0.26	0.26	0.25
G-Score Ratio Debt (Debts / Equity Capital)	4.90	4.56	4.50
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	0.61	0.67	0.72

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	31.03.2015	31.03.2016	31.03.2017
	(INR In Million)	(INR In Million)	(INR In Million)
Share Capital	200.000	200.000	200.000
Reserves & Surplus	256.242	283.261	343.736
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	456.242	483.261	543.736
long-term borrowings	382.800	255.712	271.712
Short term borrowings	434.465	511.065	538.093
Current maturities of long-term debts	83.235	144.989	171.100
Total borrowings	900.500	911.766	980.905
Debt/Equity ratio	1.974	1.887	1.804

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2015	31.03.2016	31.03.2017
	(INR In Million)	(INR In Million)	(INR In Million)
Sales	1984.572	2274.929	2992.587
		14.631	31.546

NET PROFIT MARGIN

Net Profit Margin	31.03.2015	31.03.2016	31.03.2017
	(INR In Million)	(INR In Million)	(INR In Million)
Sales	1984.572	2274.929	2992.587
Profit	30.639	41.462	60.475
	1.54%	1.82%	2.02%

LEGAL CASES

CHIEF JUDICIAL MAGISTRATE

CASE DETAILS

Case Type: Cri. Case
Filing Number: 17828/2016 Filing Date: 09-05-2016
Registration No.: 11580/2016 Registration Date: 09-05-2016
Case Code: 202000178282016

CASE STATUS

First Hearing Date: 21st September 2016
Next Hearing Date: 21st September 2016
Stage of Case: Summon
Court No. and Judge: 2-Chief Judicial Magistrate

Petitioner and Advocate

U.P. State

Address – GBN

Advocate- APO

Respondent and Advocate

1) GLOBAL AUTOTECH LIMITED
    Address - 83 LGF WORLD TRADE CENTRE BARAKHAMBA LANE NEW DELHI

Acts

Under Act(s)	Under Section(s)
Motor Vehicles Act	183

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	No
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	Yes
33]	Market information	--
34]	Payments terms	No
35]	Negative Reporting by Auditors in the Annual Report	No

UNSECURED LOAN

PARTICULAR	31.03.2017 (INR in Million)	31.03.2016 (INR in Million)
Short-term borrowings
Other loans and advances	44.738	37.610
Total	44.738	37.610

INDEX OF CHARGES

S No	SRN	Charge Id	Charge Holder Name	Date of Creation	Date of Modification	Date of Satisfaction	Amount	Address
1	G60674694	100132097	BAJAJ FINANCE LIMITED	05/07/2017	-	-	100000000.0	AKURDI PUNE-PuneMa411035IN
2	G61638029	100039255	BAJAJ FINANCE LIMITED	28/06/2016	04/10/2017	-	150000000.0	AKURDI PUNE-PuneMa411035IN
3	G81425142	10590968	AXIS BANK LIMITED.	29/08/2015	29/07/2017	-	395000000.0	2ND FLOOR, RED FORT CAPITAL, PARSVNATH TOWERS,GOLE MARKET, BHAI VEER SINGH MARG,NEW DELHIDL110001IN
4	B41678046	10360750	ICICI BANK LIMITED	06/06/2012	-	-	200000000.0	LANDMARKRACE COURCE CIRCLEALKAPURIBARODAGJ390015IN
5	B41684895	10360765	ICICI BANK LIMITED	06/06/2012	-	-	400000000.0	LANDMARKRACE COURCE CIRCLEALKAPURIBARODAGJ390015IN
6	B40374928	10339777	YES BANK LIMITED	14/02/2012	01/05/2012	-	100000000.0	9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,DR. ANNIE BESANT ROAD, WORLI,MUMBAIMH400018IN
7	C36532984	10005647	Canara Bank	24/04/2006	04/12/2014	-	1165000000.0	Prime Corporate Branch-Connaught Place, 2nd Floor,World Trade Tower, Barakhamba Lane,New DelhiDL110001IN
8	C36533461	10018829	Canara Bank	24/04/2006	04/12/2014	-	1165000000.0	Prime Corporate Branch-Connaught Place, 2nd Floor,World Trade Tower, Barakhamba Lane,New DelhiDL110001IN
9	C15614548	90051280	Canara Bank	01/02/2005	04/08/2014	-	290000000.0	Prime Corporate Br. - Connaught Place, 2nd Floor,World Trade Tower, Barakhamba Lane,New DelhiDL110001IN
10	G57043002	10339342	YES BANK LIMITED	14/02/2012	01/05/2012	11/10/2017	200000000.0	9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,DR. ANNIE BESANT ROAD, WORLI,MUMBAIMH400018IN

Contingent liabilities and commitments (to the extent not provided for): (as on 31.03.2017)

a) Outstanding commitments

Against Letter of Credit established by the Company: - INR 119.411 million (Previous Year: - INR 26.858 million)

b) Guarantees given by the bank on behalf of the Company: - INR. 20.622 million (Previous Year: - INR 16.874 million)

c) Disputed Demand under Income Tax Act: - INR. 38.385 (Previous Year: - INR 27.504 million)

d) Estimated amount of contract remaining to be executed on capital account and not provided for (Net of Advance): INR. 19.960 million (Previous Year: - INR 30.498 million)

e) Bond Executed in favour of the President of India under Export Promotion Capital Goods Scheme ( EPCG) for importing capital goods at concessional rate of Custom Duty :- INR. 91.027 million (Previous Year: - INR. 170.054 million)

f) Disputed demand under Sales Tax Act: - INR 1.720 Million (Previous Year: - INR. 1.839 million)

FIXED ASSETS

· Land

· Building

· Plant and Machinery

· Furniture and Fixture

· Office Equipment

· Computer

· 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 records exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

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

3] Asset Declaration :

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

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

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

Charges or investigation registered against subject: None

7] Criminal Records

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

8] Affiliation with Government :

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

9] Compensation Package :

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

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

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

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

CONTRAVENTION

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

FOREIGN EXCHANGE RATES

Currency	Unit	INR
US Dollar	1	INR 68.39
UK Pound	1	INR 91.44
Euro	1	INR 80.14

INFORMATION DETAILS

Information Gathered by :	SAV
Analysis Done by :	NIY
Report Prepared by :	JYTK

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.

·