RICO AUTO INDUSTRIES LIMITED

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1 RICO AUTO INDUSTRIES LIMITED FINANCIALS OF SUBSIDIARY COMPANIES FOR THE FY Sl. No. Name & Address of the Company CIN/GLN Holding/ Subsidiary/ Associate % of Shares Held 1. Rico Investments Limited 38 K.M. Stone, Delhi-Jaipur Highway, Gurgaon , Haryana 2. AAN Engineering Industries Limited 38 K.M. Stone, Delhi-Jaipur Highway, Gurgaon , Haryana 3. Uttarakhand Automotives Limited 38 K.M. Stone, Delhi-Jaipur Highway, Gurgaon , Haryana U65923HR2015PLC Subsidiary 96.05% (Both Equity & Preference) U28112HR2010PLC Subsidiary 100% U29253HR2007PLC Subsidiary 100% 4. Rico Auto Industries Inc., USA 6338, Sashabaw Road, Clarkston, Michigan USA 5. Rico Auto Industries (UK) Ltd. Unit 1, Lewis House, 99 Victoria Road, London - NW106DJ, UK Foreign Company Registration No. : Foreign Company Registration No.: (England and Wales) Subsidiary 100% Subsidiary 100% 6. Rasa Autocom Limited 38 K.M. Stone, Delhi-Jaipur Highway, Gurgaon , Haryana U74120HR2007PLC Step-down Subsidiary 100% 7. Rico Aluminium and Ferrous Auto Components Limited (formerly known as RAA Autocom Limited) 38 K.M. Stone, Delhi-Jaipur Highway, Gurgaon , Haryana U34300HR2008PLC Step-down Subsidiary 100% 8. Rico Jinfei Wheels Limited 38 K.M. Stone, Delhi-Jaipur Highway, Gurgaon , Haryana U34200HR2007PLC Step-down Subsidiary 93.49%

2 RICO INVESTMENTS LIMITED Board of Directors Shri Naresh Kumar Sethi - Chairman Shri Om Prakash Aggarwal - Managing Director Shri Arvind Kapur Shri Amarjit Chopra Shri Arun Gupta Ms. Sandeep Kaur Riat Shri Gurparkash Singh Miglani Shri Surendra Singh Shri Sanjay Syal Chief Financial Officer Shri Parveen Kumar Garg Company Secretary Shri Jagdish Chand Dwivedi Auditors Budhraja Adlakha & Co. Chartered Accountants (Firm Registration No N) New Delhi (India) Registered Office 38 KM Stone, Delhi-Jaipur Highway Gurgaon , Haryana (India)

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22 AAN ENGINEERING INDUSTRIES LIMITED Board of Directors Shri Naresh Kumar Sethi - Chairman Shri Ish Mohit Pannu - Whole Time Director Smt. Shalini Kapur Shri Rajinder Singh Kundi Auditors Budhraja Adlakha & Co. Chartered Accountants (Firm Registration No N) New Delhi (India) Registered Office 38 KM Stone, Delhi-Jaipur Highway Gurgaon , Haryana (India) CONTENTS Notice 1 Directors Report 2 Auditors Report 9 Balance Sheet 15 Profit & Loss Account 16 Schedules to Accounts 17 Cash Flow Statement 22

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44 UTTARAKHAND AUTOMOTIVES LIMITED Board of Directors Shri Rakesh Kapur - Chairman Shri Arun Kapur Shri Om Prakash Aggarwal Auditors Budhraja Adlakha & Co. Chartered Accountants (Firm Registration No N) New Delhi (India) Registered Office 38 KM Stone, Delhi-Jaipur Highway Gurgaon , Haryana (India) CONTENTS Notice 1 Directors Report 2 Auditors Report 9 Balance Sheet 15 Profit & Loss Account 16 Schedules to Accounts 17 Cash Flow Statement 22

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64 RICO AUTO INDUSTRIES INC., USA Board of Directors Shri Arvind Kapur Shri Rakesh Kapur Shri Om Prakash Aggarwal Shri Naresh Kumar Sethi Auditors Grant Thornton India LLP (Formerly Grant Thornton India) New Delhi (India) Registered Office 6338, Sashabaw Road Clarkstone, MI USA

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81 Rico Auto Industries Inc.,USA Balance Sheet As At As at Mar 31, As at Mar 31, As at March As at March US$ Schedule N INR 31, US$ 31, INR Provisional Provisional Audited Audited SOURCES OF FUNDS SHAREHOLDER'S FUNDS Share Capital Exchange Equilisation Reserve Reserves & Surplus Loan Funds APPLICATION OF FUNDS TOTAL FIXED ASSETS Gross Block Less : Depreciation Net Block INVESTMENTS CURRENT ASSETS, LOANS & ADVANCES Inventories Sundry Debtors Cash & Bank Balances Loans & Advances Less : Current Liabilities & Provisions Net Current Assets Deffered Tax Assets MISCELLANEOUS EXPENDITURE (to the extent not written off or adjusted) TOTAL

82 Rico Auto Industries Inc., USA Profit and Loss account Particulars INCOME Schedule No. Period Ended Mar 31, Period Ended Period Ended Mar 31, Mar 31, INR US$ Period Ended Mar 31, INR Provisional Provisional Audited Audited Sales - Components Sales - Scrap Sales - Tooling EXPENDITURE Manufacturing & Other Expenses Financial Charges Miscellaneous Expenditure written off Profit before Depreciation Depreciation Profit After Depreciation % 2.10% 1.87% 1.87% Provision for Income Tax Reversal of Deffered Tax Assets Profit After Tax Less : Previous Year Income tax paid Amount Available for Appropriations % 1.24% 1.24% 1.17% 1.18% APPROPRIATIONS Balance carried over to Balance Sheet

83 Rico Auto Industries Inc., USA Schedules to Balance Sheet Particulars Grps# As at Mar 31, As at Mar 31, As at March 31, INR US$ As at March 31, INR Provisional Provisional Audited Audited Schedule 1 - Share Capital AUTHORISED Equity Shares US$ 10 Par ISSUED, SUBSCRIBED AND PAID-UP 2500 Equity Shares US$ 10 Par '(Previous Period 2500 Equity Shares US$ 10 Par) Exchange Fluctuation Schedule 2 - Reserves & Schedules SURPLUS As per Last Balance Sheet Add : Transferred from Profit & Loss Account Schedule 3- Loan Funds Schedule 4- Fixed Assets Schedule 5- Investments Schedule 6- Inventories (As valued and certified by the Management) Goods in Transit Finished Goods Packing Materials Schedule 7 - Sundry Debtors (Unsecured considered good) Debts outstanding for a period exceeding six months 0 0 Other Debts d Less : Provision for Uncollectibles Schedule 8 - Cash and bank Balances Balances with scheduled banks In current accounts Schedule 9 - Loans and Advances (Unsecured considered good) Advances recoverable in cash or in kind or for value to be received e Income Tax Recoverable FY j Advance Tax FY Schedule 10 - Current Liabilities and Provisions Sundry Creditors - Trade c Advance from Customer Expenses Payable a Income Tax Provision- for the year till date Schedule 11 - Miscellaneous Expenditure (to the extent not written off or adjusted)

84 Rico Auto Industries Inc.,USA Schedules to Profit & Loss Account Grps# Period Ended Mar 31, Period Ended Mar Period Ended 31, INR Mar 31, Period Ended Mar 31, INR Particulars US$ Provisional Provisional Audited Audited Schedule 12 - Sales & other Income Sales - Components 21,063,851 1,375,960,244 14,830, ,353,232 Sales - Tooling 1,130,484 73,846,945 45,785 2,795,083 Sales - Other Income ,202 1,355,404 i 22,194,335 1,449,807,190 14,898, ,503,719 Schedule 13 - Manufacturing & Other Expenses Cost of Sales Purchases of Raw Materials 20,384,220 1,331,797,018 14,302, ,135,286 Add : Opening Finished Goods 1,983, ,206,439 1,607,856 98,156,422 Less : Closing Finished Goods 2,267, ,972,364 1,983, ,099,963 Net Raw Materials consumed 20,100,502 1,313,031,093 13,926, ,191,744 Components (USA) Purchase Tooling ( Rico India ) 1,063,681 69,483,153 36,628 2,236,066 Balance Written Off - - (15,967) (998,416) Job Work Charges 50,661 3,309,344 22,637 1,381,947 Consumables 3, , Packing Materials - - 2, ,285 Warehousing Expenses b 261,354 17,072, ,083 15,694,421 21,479,758 1,403,128,708 14,229, ,632,047 Administrative Expenses Inspection & Rework Expenses Testing Expenses (3,001) (196,027) - - Salaries (Tom, Rebacca & Jeff ) h 125,004 8,165,681 72,121 4,402,821 Audit Fees 11, ,218 12, ,576 Legal & Professional g 40,434 2,641,276 58,350 3,562,129 Fees & Taxes 1, , Rent 12, ,880 12, ,576 Insurance (Warehouse & Worker Policy) f 2, ,333 2, ,878 Bond service & premium ,576 Administration Expenses 12, ,880 12, , ,381 13,220, ,885 10,371,133 General Expenses Travelling Expenses 11, ,347 2, ,362 Printing & Stationary 58 3,772 1,326 80,945 Telephone Expenses 7, ,301 4, ,074 Postage & Courier 1,014 66,248 1,500 91,572 General Expenses + Short & Excess 35 2,309 (42) (2,552) 20,696 1,351,976 10, ,402 Income Tax paid 11, , Selling Expenses Sales Promotion 4, ,890 3, ,541 Freight Charges Freight Charges 3, , ,302 7,832,606 Clearing & Forwarding Prior Period Exp - - 1,480 90,351 Provi. For Uncollectible D/D 2, ,114 8, ,530 10,073 1,418, ,151 8,678,028 21,724,556 1,419,119,710 14,551, ,299,609 Schedule 14 - Financial Charges Bank Interest - JPMorgan 1, ,306 66,069 4,033,395 Bank Charges 1, ,685 1, ,204 3, ,991 68,022 4,152,599

85 RICO AUTO INDUSTRIES (UK) LIMITED Board of Directors Shri Arvind Kapur Shri Om Prakash Aggarwal Shri Naresh Kumar Sethi Auditors Sigma Chartered Certified Accountants and Registered Auditors Crawley, UK Registered Office Unit 1, Lewis House, 99 Victoria Road, London - NW106DJ

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109 RASA AUTOCOM LIMITED Board of Directors Shri Om Prakash Aggarwal Shri Arun Gupta Ms. Sandeep Kaur Riat Shri Sandeep Rajpal Shri Rajender Dharna - Chairman Auditors Walker Chandiok & Co LLP (Formerly Walker, Chandiok & Co), Chartered Accountants Firm Registration No N/N New Delhi (India) Bankers Yes Bank Ltd. Registered Office 38 KM Stone, Delhi-Jaipur Highway Gurgaon Haryana (India) Bawal Plant Plot No. 21, Sector-5 HSIIDC Phase-II, G.C. Bawal Haryana (India) COTENTS Notice 1 Directors Report 2 Auditors Report 4 Balance Sheet 10 Profit & Loss Account 11 Schedules to Accounts 12 Cash Flow Statement 17

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138 RICO ALUMINIUM AND FERROUS AUTO COMPONENTS LIMITED (formerly RAA Autocom Ltd.) Board of Directors Shri Naresh Kumar Sethi Shri Satish Sekhri Shri Arun Gupta Ms. Sandeep Kaur Riat Shri Sanjay Syal Shri Manoj Kumar Jain Shri Rajiv Kumar Miglani - Chairman Manager Shri Ranjeet Singh Yadav Chief Financial Officer Shri Mukesh Goyal Company Secretary Ms. Manpreet Kaur Kochhar Auditors Budhraja Adlakha & Co. Chartered Accountants (Firm Registration No N) New Delhi (India) Registered Office 38 KM Stone, Delhi-Jaipur Highway Gurgaon Haryana (India) Gurgaon Plant Manesar Plant Sanand Plant 38 KM Stone, Delhi-Jaipur Highway Gurgaon Haryana (India) Plot No. 84, Sector-8 IMT Manesar, Gurgaon , Haryana (India) Plot No. D-2, TML Vendor Park, Survey No.-1, Village - Northcotepura, Taluka-Sanand, District - Ahmedabad, Gujarat(India)

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170 RICO JINFEI WHEELS LIMITED Board of Directors Shri Arvind Kapur Shri Rakesh Kapur Shri Bingzao Ge Shri Arun Gupta Ms. Sandeep Kaur Riat Shri Om Prakash Aggarwal Shri Naresh Kumar Sethi - Chairman - Managing Director Chief Financial Officer Shri Mahesh Kumar Raghav Company Secretary Shri Manupreet Singh Batra Auditors Walker Chandiok & Co LLP (Formerly Walker, Chandiok & Co), Chartered Accountants Firm Registration No N/N New Delhi (India) Bankers Axis Bank Ltd. Registered Office 38 KM Stone, Delhi-Jaipur Highway Gurgaon Haryana (India) Manesar Plant Plot No. 397, Sector-8 IMT Manesar, Gurgaon , Haryana (India) Bawal Plant Plot No. 22, Phase-II, Sector-5, Bawal, Haryana (India)

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