MIRA INFORM REPORT

Report Date :

15.12.2011

IDENTIFICATION DETAILS

Name :	DEVELOPMENT CONSULTANTS PRIVATE LIMITED
Registered Office :	24, Park Street, Kolkata – 700 016, West Bengal
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	13.05.1970
Com. Reg. No.:	21-027727
Capital Investment / Paid-up Capital :	Rs. 12.001 Millions
CIN No.: [Company Identification No.]	U45201WB1970PTC027727
TAN No.: [Tax Deduction & Collection Account No.]	CALD00187F
Legal Form :	Private Limited Liability Company
Line of Business :	Provider of Engineering Consultancy Services
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (52)

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

Maximum Credit Limit :	USD 2000000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is a well established company having fine track. General financial position is good. Trade relations are reported as fair. Business is active. Payments are reported to be correct and as per commitments. The company can be considered good for normal business dealings at usual trade terms and conditions.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – September 30, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
India	A1	A1

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

INFORMATION DECLINED BY

Name :	Mr. Khatua
Designation :	Secretary
Date :	14.12.2011

LOCATIONS

Registered Office :	24, Park Street, Kolkata – 700 016, West Bengal, India
Tel. No.:	91-33-22267601 / 7602 / 7604 / 22497603 / 7604 / 7609 / 7610 / 7612 / 22492239 / 2340 / 2897 / 3338 / 40124500
Fax No.:	91-33-22492239 / 2340 / 2897 / 3338 / 40124545
E-Mail :	dcl@dclgroup.com
Website :	http://dclgroup.com http://dcpl.net.in
Branch Office :	Development Consultants House, DG 4, Sector 2 Salt Lake City, Kolkata – 700 091, West Bengal, India
Tel. No.:	91-33-40125000 / 5300
Fax No.:	91-33-40124545 / 22492340
Branch Office :	Located at · New Delhi · Mumbai · Chennai · Vadodara
Overseas Office :	Located at · Hong Kong · UK

DIRECTORS

AS ON 30.09.2010

Name :

Ms. Shanta Ghosh

Designation :

Director

Address :

P-506A, Keyatala Road, Kolkata – 700 029, West Bengal, India

Date of Birth/Age :

10.10.1953

Date of Appointment :

16.04.2008

Election Commission Identity Card No. :

AELPG2209N

DIN No. :

01560559

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U45201WB1970PTC027727	DEVELOPMENT CONSULTANTS PRIVATE LIMITED	Director	16-04-08	01-03-89	-	Active	NO
2	U72200WB1992PTC055395	DATA-CORE (INDIA) PRIVATE LIMITED	Director	11-05-92	11-05-92	-	Active	NO
3	U51909WB1993PTC058131	CONFETTI EXPORTS PRIVATE LIMITED	Director	15-04-93	15-04-93	-	Active	NO
4	U45202WB1983PTC036391	DC INDUSTRIAL PLANT SERVICES PRIVATE LIMITED	Director	24-11-93	24-11-93	-	Active	NO
5	U70101WB1981PTC034201	D C PROPERTIES PRIVATE LIMITED	Director	27-09-94	27-09-94	-	Active	NO
6	U74140WB1971NPL028179	ECONOMIC AND ENTREPRENEURSHIP DEVELOPMENT FOUNDATION	Director	20-12-94	20-12-94	-	Active	NO
7	U72900WB1996PTC076522	WORLD TRADE CENTER (CALCUTTA)DEVELOPMENT COMPANY PRIVATE LIMITED	Director	11-01-96	11-01-96	-	Active	NO
8	U26939WB1996PTC077591	VALLAURIS CERAMICS PRIVATE LIMITED	Director	26-02-96	26-02-96	-	Active	YES
9	U24119WB1972PLC028446	KONTEST CHEMICALS LIMITED	Director	23-09-98	23-09-98	-	Active	NO
10	U45201WB1999PLC089086	BENGAL DCL HOUSING DEVELOPMENT COMPANY LIMITED	Managing director	01-01-11	30-03-99	-	Active	NO
11	U25209WB1961PTC025218	THE KULJIAN CORPORATION (INDIA) PRIVATE LIMITED	Director	21-09-01	21-09-01	-	Active	NO
12	U91110WB1940NPL010249	BENGAL NATIONAL CHAMBER OF COMMERCE AND INDUSTRY	Director	07-11-02	07-11-02	03-10-07	Active	NO
13	U24239WB1986PLC041034	D I LABORATORIES LIMITED	Director	25-11-02	25-11-02	-	Active	NO
14	U74210WB2002PTC095492	DEVELOPMENT ARCHITECTS PRIVATE LIMITED	Director	11-12-02	11-12-02	-	Active	NO
15	U31901WB1967PTC027045	P.C.S. PROJECT CONSTRUCTION SERVICES PRIVATE LIMITED	Director	03-09-04	03-09-04	-	Active	NO
16	U45201WB1970PTC027667	S C DUTT AND ASSOCIATES (ENGINEERS) PRIVATE LIMITED	Director	27-09-04	27-09-04	-	Active	NO

Name :

Mr. Anil Chandra Banerjee

Designation :

Director

Address :

BE 284, Sector I, Salt Lake City, Kolkata – 700 064, West Bengal, India

Date of Birth/Age :

27.06.1926

Date of Appointment :

16.04.2008

DIN No. :

00580362

Name :

Mr. Ganesh Charan Nundy

Designation :

Managing Director

Address :

Balaka 64, Lake Road, Kolkata – 700 029, West Bengal, India

Date of Birth/Age :

05.09.1933

Date of Appointment :

16.04.2008

Election Commission Identity Card No. :

WB/23/152/609174

DIN No. :

01624589

Name :

Mr. Subir Kumar Dasgupta

Designation :

Whole Time Director

Address :

Merlin Twins, Flat No. 2C, Block – II, 325/1, Raja Rammohan Roy Road, Kolkata – 700 008, West Bengal, India

Date of Birth/Age :

30.06.1935

Date of Appointment :

01.07.2003

Election Commission Identity Card No. :

ADDPD8523F

DIN No. :

00580409

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U45201WB1970PTC027727	DEVELOPMENT CONSULTANTS PRIVATE LIMITED	Director	01-07-03	01-07-03	-	Active	NO
2	U40101WB2005PLC102935	ADHUNIK POWER AND NATURAL RESOURCES LIMITED	Director	20-04-07	20-04-07	22-07-10	Active	NO

Name :

Mr. Jatis Chandra Chakrabarti

Designation :

Whole Time Director

Address :

76A, Ballygunge Place, Flat – 4B, Kolkata – 700 019, West Bengal, India

Date of Birth/Age :

01.02.1927

Date of Appointment :

03.01.1997

Election Commission Identity Card No. :

WB/23/152/516502

DIN No. :

01571003

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U45201WB1970PTC027727	DEVELOPMENT CONSULTANTS PRIVATE LIMITED	Director	03-01-97	03-01-97	-	Active	NO
2	U45201WB1999PLC089086	BENGAL DCL HOUSING DEVELOPMENT COMPANY LIMITED	Director	28-12-05	28-12-05	01-01-09	Active	NO

Name :

Mr. Rabindra Nath Basu

Designation :

Whole Time Director

Address :

326A, Jodhpur Park, Kolkata – 700 068, West Bengal, India

Date of Birth/Age :

30.11.1936

Date of Appointment :

03.08.2001

DIN No. :

01520913

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U45201WB1970PTC027727	DEVELOPMENT CONSULTANTS PRIVATE LIMITED	Director	03-08-01	03-08-01	Active	NO
2	U74140WB1971NPL028179	ECONOMIC AND ENTREPRENEURSHIP DEVELOPMENT FOUNDATION	Director	09-02-02	09-02-02	Active	NO

Name :

Mr. Sandip Kumar Ghosh

Designation :

Whole Time Director

Address :

40B, Southend Park, Kolkata – 700 029, West Bengal, India

Date of Birth/Age :

01.02.1949

Date of Appointment :

03.01.1997

Election Commission Identity Card No. :

WB/23/152/651507

DIN No. :

01624097

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U24239WB1986PLC041034	D I LABORATORIES LIMITED	Director	10-02-88	10-02-88	Active	NO
2	U45201WB1970PTC027727	DEVELOPMENT CONSULTANTS PRIVATE LIMITED	Director	03-01-97	03-01-97	Active	NO
3	U72200WB1992PTC055395	DATA-CORE (INDIA) PRIVATE LIMITED	Director	09-05-00	09-05-00	Active	NO
4	U24119WB1988PTC045502	SCIENTECH INTERNATIONAL PRIVATE LIMITED	Director	04-07-00	04-07-00	Active	NO
5	U24119WB1972PLC028446	KONTEST CHEMICALS LIMITED	Managing director	30-04-11	14-05-02	Active	NO
6	U74140WB1971NPL028179	ECONOMIC AND ENTREPRENEURSHIP DEVELOPMENT FOUNDATION	Additional director	03-07-09	03-07-09	Active	NO

Name :

Mr. Dip Kumar Das

Designation :

Director

Address :

W2B-21/5, Golf Green, Phase – III, Kolkata – 700 095, West Bengal, India

Date of Birth/Age :

20.12.1947

Date of Appointment :

21.08.1999

Election Commission Identity Card No. :

WB/23/150/327296

DIN No. :

01785718

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U45201WB1970PTC027727	DEVELOPMENT CONSULTANTS PRIVATE LIMITED	Director	21-08-99	21-08-99	Active	NO
2	U25209WB1961PTC025218	THE KULJIAN CORPORATION (INDIA) PRIVATE LIMITED	Director	15-04-04	15-04-04	Active	NO

Name :

Mr. Iqbal Ali Mukaddam

Designation :

Whole Time Director

Address :

2, Lily Court, 1^st Pasta Lane, Coloba, Mumbai – 400 005, Maharashtra, India

Date of Birth/Age :

25.05.1943

Date of Appointment :

21.08.1999

Election Commission Identity Card No. :

MT/04/019/288757

DIN No. :

00580712

Name :

Mrs. Bharati Dutt

Designation :

Whole Time Director

Address :

P-506A, Keyatala Road, Kolkata – 700 029, West Bengal, India

Date of Birth/Age :

28.05.1928

Date of Appointment :

16.04.2008

Election Commission Identity Card No. :

WB/23149/444316

DIN No. :

01661353

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U51909WB1993PTC058131	CONFETTI EXPORTS PRIVATE LIMITED	Director	05-01-98	05-01-98	Active	NO
2	U74140WB1971NPL028179	ECONOMIC AND ENTREPRENEURSHIP DEVELOPMENT FOUNDATION	Director	09-02-02	09-02-02	Active	NO
3	U45201WB1970PTC027727	DEVELOPMENT CONSULTANTS PRIVATE LIMITED	Additional director	16-04-08	16-04-08	Active	NO

Name :

Mr. Arun Kumar Guha

Designation :

Director

Address :

1 Lake Avenue, Kolkata – 700 026, West Bengal, India

Date of Birth/Age :

13.12.1938

Date of Appointment :

03.01.1997

Election Commission Identity Card No. :

WB/23/149/327008

DIN No. :

01846716

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U45202WB1983PTC036391	DC INDUSTRIAL PLANT SERVICES PRIVATE LIMITED	Director	24-11-93	24-11-93	-	Active	NO
2	U45201WB1970PTC027727	DEVELOPMENT CONSULTANTS PRIVATE LIMITED	Director	03-01-97	03-01-97	-	Active	NO
3	U31901WB1967PTC027045	P.C.S. PROJECT CONSTRUCTION SERVICES PRIVATE LIMITED	Director	24-12-01	24-12-01	-	Active	NO
4	U24239WB1986PLC041034	D I LABORATORIES LIMITED	Director	28-12-01	28-12-01	-	Active	NO
5	U74140WB1971NPL028179	ECONOMIC AND ENTREPRENEURSHIP DEVELOPMENT FOUNDATION	Director	09-02-02	09-02-02	-	Active	NO
6	U24119WB1972PLC028446	KONTEST CHEMICALS LIMITED	Director	14-05-02	14-05-02	-	Active	NO
7	U45201WB1970PTC027667	S C DUTT AND ASSOCIATES (ENGINEERS) PRIVATE LIMITED	Director	31-01-03	31-01-03	-	Active	NO
8	U45201WB1999PLC089086	BENGAL DCL HOUSING DEVELOPMENT COMPANY LIMITED	Whole-time director	01-04-10	24-09-03	01-04-11	Active	NO

Name :

Mr. Keshab Chandra Das

Designation :

Whole Time Director

Address :

41, Jodhpur Park, Kolkata – 700 068, West Bengal, India

Date of Birth/Age :

01.02.1929

Date of Appointment :

21.08.1999

Election Commission Identity Card No. :

KNH6707095

DIN No. :

01600557

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U45201WB1970PTC027727	DEVELOPMENT CONSULTANTS PRIVATE LIMITED	Director	21-08-99	21-08-99	Active	NO
2	L27104WB1986PLC040831	BURNPUR CEMENT LIMITED	Director	16-12-06	16-12-06	Active	NO

Name :

Mr. Amalendu Dasgupta

Designation :

Co-Chairman

Address :

559, Block – N, New Alipore, Kolkata – 700 053, West Bengal, India

Date of Birth/Age :

14.05.1941

Date of Appointment :

16.08.2002

DIN No. :

00580880

Name :

Mr. Jiban Kumar Chaudhury

Designation :

Director

Address :

Sundowners Co-Operative Housing Society, Flat No. 118, DB-11, Sector – I, Salt Lake, Kolkata – 700 064, West Bengal, India

Date of Birth/Age :

10.04.1946

Date of Appointment :

22.04.2005

Election Commission Identity Card No. :

JKN3729837

DIN No. :

01513500

Name :

Mr. Amar Ranjan Ghosal

Designation :

Whole Time Director

Address :

Nothern Apartments, Flat 4B, 37/4B, Northern Avenue, Kolkata – 700 030, West Bengal, India

Date of Birth/Age :

14.09.1947

Date of Appointment :

16.04.2008

Election Commission Identity Card No. :

WB/22/160/342574

DIN No. :

02175761

KEY EXECUTIVES

Name :	Mr. Khatua
Designation :	Secretary

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2010

Names of Shareholders	No. of Shares
Bharati Dutt	44223
Shanta Ghosh	62252
S C Dutt and Associates (Engineers) Private Limited, India	13325
Ganesh Charan Nundy	200
Total	120000

AS ON 30.09.2010

Equity Shares Break Up	Percentage
Bodies corporate	11.10
Directors or relatives of Directors	88.73
Other top fifty shareholders	0.17
Total	100.00

BUSINESS DETAILS

Line of Business :

Provider of Engineering Consultancy Services

GENERAL INFORMATION

Customers :

India

• Almost All State Electricity Boards in India
• Associated Cement Company Limited
• Airport Authority of India
• Atomic Energy Commission (AEC)
• Bhaba Atomic Research Center
• Bharat Heavy Electricals Limited
• Bharat Petroleum Corporation Limited
• BSES Limited

Overseas

• ABB Ltd, Sweden
• Aalborg - USA
• AES-Kelanitissa (Private) Limited, Sri Lanka
• Alsalam Cement Company, Khartoum, Sudan
• Ansaldo - Italy
• Arab Paper Manufacturing Limited (Waraq), KSA
• B and W, USA
• Birla Nifty PTY Limited, Australia
• Daelim Engineering, South Korea

No. of Employees :

Not Available

Bankers :

· IDBI Bank Limited

IDBI House, 44, Shakespeare Sarani, Kolkata – 700 017, West Bengal, India

· UCO Bank

Flagship Corporate Branch, 2, India Exchange Place, Kolkata – 700 001, West Bengal, India

Facilities :

Secured Loan	Rs. In Millions 31.03.2010	Rs. In Millions 31.03.2009
From Bank
Against Freehold Office Space at Kolkata and Vasi	103.036	114.641
From Bank
Against hypothecation of
Book Debts	58.204	70.669
Fixed Deposit Receipts	27.720	41.226
Total	188.960	226.536
Unsecured Loan	Rs. In Millions 31.03.2010	Rs. In Millions 31.03.2009
From Bank	0.000	2.528
Total	0.000	2.528

Banking Relations :	--
Auditors :
Name :	N Chaudhuri and Company Chartered Accountant
Address :	10, Old Post Office Street, 2^nd Floor, Room No. 61, Kolkata – 700 001, West Bengal, India
Tel. No.:	91-33-22485991 / 22489899
Fax No.:	91-33-22489899
Pan No. :	AADFN5325Q
Subsidiaries :	· Data Core (India) Private limited CIN - U72200WB1992PTC055395 · D C Properties Private Limited CIN - U70101WB1981PTC034201 · World Trade Center (Calcutta) Development Company Private Limited CIN - U72900WB1996PTC076522 · DC Industrial Plant Services Private Limited CIN - U45202WB1983PTC036391 · D I Laboratories Limited CIN - U24239WB1986PLC041034 · Kontest Chemicals Limited CIN - U24119WB1972PLC028446 · Development Consultants International Limited Hong Kong · Development Consultants International Limited Bahamas · Data Core Systems Inc. Philadelphia USA · The Kuljian Corporation Philadelphia USA · AMDC Inc. New York USA

CAPITAL STRUCTURE

AS ON 31.03.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
480000	Equity Shares	Rs.100/- each	Rs. 48.000 Millions
20000	Preference Shares	Rs.100/- each	Rs. 2.000 Millions
	Total		Rs. 50.000 Millions

Issued Capital :

No. of Shares	Type	Value	Amount
120000	Equity Shares	Rs.100/- each	Rs. 12.000 Millions

Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
120000	Equity Shares (Including 104931 shares of Non-Resident Indian Subscribed in convertible foreign exchange)	Rs.100/- each	Rs. 12.000 Millions
	Forfeited Share Account		Rs. 0.500 Million
	Total		Rs. 12.001 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2010	31.03.2009	31.03.2008
SHAREHOLDERS FUNDS
1] Share Capital		12.001	12.001	12.001
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		504.794	464.800	428.530
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		516.795	476.801	440.531
LOAN FUNDS
1] Secured Loans		188.960	226.536	235.462
2] Unsecured Loans		0.000	2.528	8.135
TOTAL BORROWING		188.960	229.064	243.597
DEFERRED TAX LIABILITIES		18.781	18.373	16.362
DEFERRED PAYMENT CREDIT		1.978	3.699	6.493
TOTAL		726.514	727.937	706.983
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		456.251	457.651	450.587
Capital work-in-progress		31.806	30.824	28.014
INVESTMENT		44.635	44.635	44.635
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	22.500	27.500	30.000
	Sundry Debtors	124.101	164.802	175.236
	Cash & Bank Balances	132.343	123.448	114.582
	Other Current Assets	39.208	43.747	17.402
	Loans & Advances	234.732	211.242	152.772
Total Current Assets		552.884	570.739	489.992
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	191.962	172.338	199.203
	Other Current Liabilities	153.784	187.517	96.343
	Provisions	13.316	16.057	10.699
Total Current Liabilities		359.062	375.912	306.245
Net Current Assets		193.822	194.827	183.747
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		726.514	727.937	706.983

PROFIT & LOSS ACCOUNT

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
INCOME ON CONTRACT		1000.148	861.689	618.323
PROFIT BEFORE TAX		130.351	103.944	74.211
TAX		45.694	42.547	18.396
PROFIT AFTER TAX		84.657	61.397	55.815
PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		188.170	143.643	98.938
Provision for Tax in respect of earlier year		20.000	3.850	0.195
APPROPRIATIONS
	Transfer to General Reserve	13.000	6.000	6.000
	Proposed Dividend	10.200	6.000	4.200
BALANCE CARRIED TO THE B/S		227.893	188.170	143.643
Earnings Per Share (Rs.)		705.47	511.64	465.12

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
Net Profit Margin (PBT/Sales)	(%)	13.03	12.06	12.00
Return on Total Assets (PBT/Total Assets}	(%)	12.92	10.11	7.89
Return on Investment (ROI) (PBT/Networth)		0.25	0.22	0.17
Debt Equity Ratio (Total Liability/Networth)		1.10	1.31	1.29
Current Ratio (Current Asset/Current Liability)		1.54	1.52	1.60

LOCAL AGENCY FURTHER INFORMATION

NOTE

The Registered Office of the company has been shifted from 24 B, Park Street, Kolkata – 700 016, West Bengal, India to the present address w.e.f. 14.01.2008.

TURNOVER

Turnover was to the tune of Rs. 1000.100 Millions (Including export turnover) as compared to previous year of Rs. 861.700 Millions thereby recording a growth of 16%.

OPERATION REVIEW

The overall industrial scenario of the Country had started to change and the Company is receiving quite a good number of jobs in almost all fields of its activity.

The directors assure that if the present trend continues, the Company will also continue to have steady growth. Total value of the jobs bagged by the Company during the year exceeds Rs. 1500.000 millions.

FORM 8

Corporate identity number of the company	U45201WB1970PTC027727
Name of the company	DEVELOPMENT CONSULTANTS PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	24, Park Street, Kolkata – 700 016, West Bengal, India
This form is for	Modification of charge
Charge identification (ID) number of the charge to be modified	80052971
Type of charge	Book debts
Particular of charge holder	UCO Bank Flagship Corporate Branch, 2, India Exchange Place, Kolkata – 700 001, West Bengal, India
Nature of instrument creating charge	1. Deed of hypothecation of book debts etc. to secure demand cash credit. 2. Agreement for extension of charge by way of hypothecation over current assets to secure non-fund based facilities.
Date of instrument Creating the charge	19.04.2011
Amount secured by the charge	Rs. 100.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate Of Interest At BPLR which is at present 13.75% p.a. With monthly rests subject to change by the bank/RBI from time to time. Terms of Repayment Repayable on demand. Margin 25% Extent and Operation of the charge Exclusive first charge in favour of UCO bank, Flagship Corporate Branch, 2, India Exchange Place, Kolkata-700001.
Short particulars of the property or asset(s) charged (including complete address and location of the property)	· Hypothecation of all present and future book debts, outstanding moneys, receivables, claims etc. Including in particulars but without prejudice to the generality of the foregoing and.... · To be furnished by the borrower to the bank from time to time all sums due or to become due hereafter to the borrower from their customers ... · And the govt. Of India or the state govt. And other departments as security.
Particulars of the present modification	By this modification the overall credit facilities has been realigned/revised to Rs. 100.000 Millions comprising of: Cash Credit : Rs. 70.000 Millions Bank Guarantee : Rs. 30.000 Millions All other terms, conditions and assets charged as security remain unaltered.

FIXED ASSETS

· Land and Building

· Furniture

· Plant and Machinery

WEB DETAILS

COMPANY PROFILE

Subject is a transnational engineering conglomerate with over 5000 employees and 1000+ major engineering projects completed in 50 countries over it's 60 years of adherence to engineering excellence and technological innovation. In India, the DC Group has been an integral part of the nation's development since independence, particularly in the energy sector where it has designed and managed construction of most of India's major thermal and nuclear power plants.

The foundation of this far-reaching organization was laid by its Founder and Chairman over it's first fifty years, Dr. Sadhan C. Dutt. The Mission is inextricably linked to his philosophy to offer state-of-the-art engineering services and to remain in the forefront of the profession by continuously aspiring for improved technology. It rests on the following principles.

· To offer services of the highest quality to ensure customer satisfaction.

· To achieve continuous self improvement through research and development, training and human resource development.

· To meet social objectives by seeking the highest standard of business ethics, ensuring a harmonious work environment and working for the welfare of the community.

BOARD OF DIRECTORS

Ms. Shanta Ghosh, Chairperson

She has a bachelor's degree in Architecture from Jadavpur University, Kolkata, India and pursued her Masters in Architecture at the University of Pennsylvania, USA, specializing in Urban Design. Ms. Ghosh joined the company as a trainee and is currently Chairperson of the DC Group. She carries forward Dr. S.C. Dutt’s legacy, and yet brings forth a new direction to the DC Group in diversifying it's business portfolio. Ms. Ghosh holds several honorary positions like Member, Board of Trustees, Victoria Memorial Hall under Ministry of Culture, FICCI,Member , Govt. of India, Ex-Officio Member of the Heritage Committee of Visva Bharati, Santiniketan ,Member, National Executive Committee, Council of Advisors of the Executive Committee, Bengal National Chamber of Commerce and Industry and Chairperson of its NRI Cell, Corporate Member, American Chamber of Commerce in India, , member, Board of Governors, IIT Kharagpur  and Vice President of Crafts Council of West Bengal among many others. She is also a connoisseur of art and plays an active part in reviving dying handicrafts of West Bengal.

Anil Chandra Banerjee, Co-Chairman

Bachelor of Mechanical Engineering from Bengal Engineering College, Shibpur, West Bengal, India. Joined the Company in 1979. Was Vice Chairman and Managing Director from 2003-2008. Currently also Director, DC International Limited. Prior to joining subject, had held various important positions including Vice Chairman, Steel Authority of India (SAIL), Chairman, MECON and Bokaro Steel Limited.

G. C. Nundy, Vice Chairman and Managing Director

Bachelor of Mechanical Engineering from Jadavpur Univesity, Kolkata, India has experience of nearly 50-years in Utilities and Infrastructure for Industrial Projects, Boiler and Steam Power Plants. Took over as Vice Chairman and Managing Director in April 2008 after serving subject in various capacities with distinction. Prior to joining subject, worked with Design Engineering companies in the U.K. Member, Institute of Fuel, London.

Subir Dasgupta, Vice Chairman (Technical)

Bachelor of Electrical Engineering from Benaras Hindu University, India has wide experience in energy sector in both public and private enterprises. Prior to joining subject, had held important positions including those of Chairman, West Bengal State Electricity Board and Madhya Pradesh State Electricity Board, President – Reliance Power, Executive Director – NTPC and Member, Central Electricity Authority. Visitied various countries as a member of Government of India delegations.

J. C. Chakrabarti, Jt. Managing Director

Bachelor of Mechanical Engineering from Jadavpur University, Kolkata, India has over 50 years of experience with specialization in construction and project management. Subsequently, was responsible for middle-east operation of the Company. As Chief of Construction Engineering Division, was responsible for construction and site activities of various projects of the Company. Present responsibilities include looking after the Company's administrative activities. Prior to joining subject had held important positions in the Tata Iron and Steel Company Limited. Member, Institute of Engineers (India).

R. N. Basu, Jt. Managing Director

Bachelor of Civil Engineering from Bengal Engineering College, Shibpur, West Bengal, India has a Diploma in Concrete Technology from the University of Leeds, U.K. Has nearly 50 years experience with specialization in development studies for new projects, dock and harbor engineering and water front engineering. Present responsibilities include technology development, control and administration of entire activities of the Civil and Structural Division. Has been involved in development of project concepts, site selection, layout and basic planning for all projects implemented by the Company. Member, Institute of Structural Engineers, UK.

Dip Kumar Das, Dy. Managing Director

Bachelor of Electrical Engineering from Bengal Engineering College, Shibpur, West Bengal, India (Gold Medalist) has been with the Company since 1968. Has successfully handled various assignments in India and abroad including Nuclear Power, Thermal Power, Gas Turbine Combined Cycle and Desalination Plants. A Member of Institute of Electrical and Electronics Engineers (IEEE), USA.

I. A. Mukaddam, Dy. Managing Director

Bachelor of Mechanical Engineering, began his career with Maharashtra State Electricity Board (MSEB). Has been with the Company since 1980 and heads the Mumbai Engineering office of the Company, which caters to the clients in Western India. Has over 40 years' experience in executing different Thermal Power Plants.

Sandip Ghosh, Dy. Managing Director

A Chartered Accountant by training, has experience of over 30 years in Finance. Responsible for Financial Planning, Control and Management of the entire DC Group. Also, holds the positions of Director of Development Consultants International Limited and Managing Director of KonTest Chemicals Limited.

Mrs. Bharati Dutt, Director

A graduate in Arts actively associated with various social welfare organizations. Member, Board of Governors, "Economic and Entrepreneurship Development Foundation" (EEDF), a Non-Profit-Making organization in Kolkata, India; Patron Member of "We Care Welfare Society" that raises mass awareness and help patients suffering from Thalassemia and other blood related diseases; Committee Member, Nari Seva Sangha, Kolkata; Trustee of Suresh Amiya Memorial Trust (SAMT) Kolkata and Trustee of SHE.

Arun Kumar Guha, Director

Joined subject after obtaining the degree of Bachelor of Civil Engineering from Bengal Engineering College, Shibpur, West Bengal, India. Has been with the Company ever since. Has experience of nearly 50 years with specialization in Water Supply/Sanitary Installation and allied work with special emphasis on project management. Currently, also Director of DC Industrial Plant Services Private Limited, Bengal DCL Housing Development Company Limited, KonTest Chemicals Limited, D.I. Laboriatories Limited, S. C. Dutt and Associates Private Limited and PCS Project Construction Services Private Limited Formerly, Managing Director and CEO of Bengal DCL Housing Development Company Limited.

Keshab Chandra Das, Director

Bachelor of Science from the University of Calcutta specializes in commissioning, operation and maintenance of cement plants. Has experience of implementing a large number of cement plants in India and abroad. Prior to joining subject worked with leading cement manufacturing companies in Canada and West Germany. Has published a number of papers in national and international journals.

Dr. Amalendu Dasgupta, Director

Did his Ph.D. from the University of Nottingham after obtaining the Bachelor degree in Civil Engineering and Masters in Structures from Bengal Engineering College, Shibpur, West Bengal, India. Has over 40 years experience with specialization in Structural Dynamics and Earthquake Engineering. Was for some time Dean and Professor in the Department of Civil Engineering at Indian Institute of Technology, Guwahati, Assam, India. Presented a number of papers at national and international seminars. Life Member, Indian Society of Earthquake Technology, Indian Society for Wind Technology and Indian Nuclear Society.

J. K. Chaudhury, Director

Joined the company after obtaining Bachelor of Electrical Engineering from Bengal Engineering College, Shibpur, West Bengal, India. Has over 40 years experience in design and project engineering of power generation and transmission, industrial and architectural projects in India and abroad. Fellow - Institute of Engineers (India). Member - Institute of Electrical and Electronics Engineers (IEEE), USA and Bureau of Indian Standards (BIS).

Dr. A. R. Ghoshal, Director

Bachelor of Chemical Engineering (Honours) from Jadavpur University (Gold Medalist) did his Ph.D. at the University of Paris VI. Research work done at the French Institute of Petroleum. Proven experience in handling chemical and petrochemical projects in India and abroad for over 30 years. Member, Indian Institute of Chemical Engineers and Bureau of Indian Standards.

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	Indian Rupees
US Dollar	1	Rs. 53.57
UK Pound	1	Rs. 82.97
Euro	1	Rs. 69.89

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	7
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	6
--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	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		52

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.