MIRA INFORM REPORT

Report Date :

28.09.2011

IDENTIFICATION DETAILS

Name :	SPS STEELS ROLLING MILLS LIMITED
Registered Office :	“Elegant Towers”, 224A, A J C, Bose Road, Kolkata – 700017, West Bengal
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	26.12.1981
Com. Reg. No.:	034409
Capital Investment / Paid-up Capital :	Rs.424.129 Millions
CIN No.: [Company Identification No.]	L51909WB1981PLC034409
TAN No.: [Tax Deduction & Collection Account No.]	CALS11093F
PAN No.: [Permanent Account No.]	AAHCS8719G
Legal Form :	Public Limited Liability Company. The company’s shares are listed on the Stock Exchanges.
Line of Business :	Manufacturer of thermo mechanically treated bars.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (47)

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

Maximum Credit Limit :	USD 8353968
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track. Trade relations are reported as fair. Business is active. Payments are reported to be usually correct and as per commitments. The company can be considered normal for business dealings at ususal 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 – April 1, 2010

Country Name	Previous Rating (31.12.2009)	Current Rating (01.04.2010)
India	A1	A1

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

LOCATIONS

Registered Office :	“Elegant Towers”, 224A, A J C, Bose Road, Kolkata – 700017, West Bengal, India
Tel. No.:	91-33-22895160-67
Fax No.:	91-33-22894386/4560/4562/5170
E-Mail :	a.upadhyay@spsgroup.co.in
Website :	www.spsgroup.co.in
Factory 1 :	Patch No. 1, Phase II, Mini (Industrial) Growth Centre, Gowalthai, Dist. Bilaspur Himachal Pradesh, India
Tel. No.:	91-92171-22171 / 172
Fax No.:	91-92171-22171 / 172

DIRECTORS

AS ON 28.09.2010

Name :	Mr. Bipin Kumar Vohra
Designation :	Managing Director
Address :	135 G, S P Mukhrjee Road, Kolkata – 700026, West Bengal, India
Date of Birth/Age :	25.03.1962
Date of Appointment :	20.05.1998

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	U27104WB1990PLC049475	S P S METAL CAST & ALLOYS LIMITED	Director	11/12/2009	29/01/1994	-	Active	NO
2	L51909WB1981PLC034409	SPS STEELS ROLLING MILLS LIMITED	Managing director	01/01/2010	20/05/1998	-	Active	NO
3	U70101WB1986PTC041455	SPS MANI INFRASTRUCTURE PRIVATE LIMITED	Director	27/06/1998	27/06/1998	-	Active	NO
4	U51909WB1995PLC072045	CONCAST STEEL & POWER LIMITED	Director	15/07/2009	02/01/1999	16/11/2010	Active	NO
5	U74899DL2001PLC105512	T T RAIL LINKS LIMITED	Director	29/03/2001	29/03/2001	-	Active	NO
6	U51506WB2000PTC091537	BENGAL RECYCLERS & FABRICATORS PRIVATE LIMITED	Director	14/09/2001	14/09/2001	-	Active	NO
7	U70101WB2002PLC095018	BENGAL INDIA GLOBAL INFRASTRUCTURE LIMITED	Managing director	04/02/2010	24/09/2002	-	Active	NO
8	U27109WB2003PLC096537	SPS STEELS LIMITED	Director	07/07/2003	07/07/2003	-	Active	NO
9	U51909WB1995PTC073585	CHEKSONS BROKING COMPANY PVT.LTD.	Director	18/11/2003	18/11/2003	-	Active	NO
10	U51909WB1995PTC073626	TECHMART BROKING COMPANY PVT.LTD.	Director	18/11/2003	18/11/2003	-	Active	NO
11	U27109WB2004PLC099098	SPS MORTEX FERRO ALLOYS LIMITED	Director	13/07/2004	13/07/2004	-	Active	NO
12	U70101WB1989PTC047920	NEERAJ ESTATES PVT LTD	Director	15/10/2004	15/10/2004	-	Active	NO
13	U55101WB2001PTC093671	RENAISSANCE RESORTS & ENTERTAINMENT PRIVATE LIMITED	Director	15/10/2004	15/10/2004	-	Active	NO
14	U70101WB2004PLC100429	KIT SPS REAL ESTATE DEVELOPMENT LIMITED	Director	17/11/2004	17/11/2004	-	Active	NO
15	U32303WB2005PLC101343	SPS ARTS & ENTERTAINMENT LIMITED	Director	25/01/2005	25/01/2005	-	Active	NO
16	U55101WB1964PTC026234	RUTT DEEN PVT LTD	Director	22/05/2006	22/05/2006	-	Active	NO
17	U27109OR1992PTC003046	PAWANSUT SPONGE PRIVATE LIMITED	Director	22/03/2007	22/03/2007	-	Amalgamated	NO
18	U15412WB1982PTC035374	BAKEFRESH BISCUITS PRIVATE LIMITED	Director	05/05/2007	05/05/2007	14/05/2008	Active	NO
19	L27201WB1961PLC025269	INDO AMERICAN ELECTRICALS LTD	Additional director	27/07/2007	27/07/2007	-	Active	NO
20	U63040WB2007PTC117887	SPS TOURS & HOTELS PRIVATE LIMITED	Director	17/08/2007	17/08/2007	-	Active	NO
21	U17119RJ1995PLC009414	SURAJ FABRICS INDUSTRIES LIMITED	Director	29/09/2007	28/08/2007	-	Active	NO
22	U51109WB1996PTC082061	AFTEK TRADERS PRIVATE LIMITED	Director	26/02/2008	26/02/2008	-	Active	NO
23	U45400WB2008PTC125370	SUMEDHA PROJECTS PRIVATE LIMITED.	Director	02/05/2008	02/05/2008	-	Active	NO
24	U80302WB2008PLC125484	INKNOWERSITY EDUCATION LIMITED	Director	08/05/2008	08/05/2008	-	Active	NO
25	U74920OR1999PTC005980	DARKS SECURITY CONSULTANT PRIVATE LIMITED	Additional director	03/03/2009	03/03/2009	-	Active	NO
26	U40300WB2010PLC150517	SPS SYNERGY SOLAR LIMITED	Director	17/06/2010	17/06/2010	-	Active	NO
27	U70109WB2006PTC165835	FABWORTH PROMOTERS PRIVATE LIMITED	Director	19/08/2010	19/08/2010	-	Active	NO
28	U27100WB2011PLC158285	SPS ISPAT & POWER LIMITED	Director	01/02/2011	01/02/2011	-	Active	NO
29	U61200WB2011PLC160729	SPS SHIPPING LIMITED	Director	15/03/2011	15/03/2011	-	Active	NO
30	U52190WB2010PTC145359	AADIDEVAH VINCOM PRIVATE LIMITED	Director	16/06/2011	16/06/2011	-	Active	NO
31	U52100WB2010PTC147651	EKAATMAA SALES PRIVATE LIMITED	Director	16/06/2011	16/06/2011	-	Active	NO
32	U51900WB1985PLC132208	ROLEX COMMERCIAL COMPANY LIMITED	Director	16/06/2011	16/06/2011	-	Active	NO
33	U65910WB1997PTC129992	SAMSKAR FINANCIAL SERVICES PRIVATE LIMITED	Director	16/06/2011	16/06/2011	-	Active	NO
34	U55101OR1980PLC000874	ASHOKA INDUSTRIES LIMITED	Additional director	06/09/2011	06/09/2011	-	Active	NO

Name :	Mr. Arjun Kumar Santhalia
Designation :	Director
Address :	10 Sunny Park, Kolkata, West Bengal, India
Date of Birth/Age :	28.07.1953
Date of Appointment :	22.07.1998

Other Directorship:

7	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	U27104WB1990PLC049475	S P S METAL CAST & ALLOYS LIMITED	Managing director	12/01/2010	02/08/1993	-	Active	NO
2	L51909WB1981PLC034409	SPS STEELS ROLLING MILLS LIMITED	Director	10/12/2009	22/07/1998	-	Active	NO
3	U51909WB1995PLC072045	CONCAST STEEL & POWER LIMITED	Director	02/01/1999	02/01/1999	16/11/2010	Active	NO
4	U51506WB2000PTC091537	BENGAL RECYCLERS & FABRICATORS PRIVATE LIMITED	Director	14/09/2001	14/09/2001	-	Active	NO
5	U27109WB2003PLC096537	SPS STEELS LIMITED	Director	07/07/2003	07/07/2003	-	Active	NO
6	U27109WB2004PLC099098	SPS MORTEX FERRO ALLOYS LIMITED	Director	13/07/2004	13/07/2004	-	Active	NO
7	U70101WB2004PLC100429	KIT SPS REAL ESTATE DEVELOPMENT LIMITED	Director	17/11/2004	17/11/2004	-	Active	NO
8	U32303WB2005PLC101343	SPS ARTS & ENTERTAINMENT LIMITED	Director	25/01/2005	25/01/2005	-	Active	NO
9	U70101WB2002PLC095018	BENGAL INDIA GLOBAL INFRASTRUCTURE LIMITED	Director	01/02/2010	23/09/2005	-	Active	NO
10	U70101WB1986PTC041455	SPS MANI INFRASTRUCTURE PRIVATE LIMITED	Director	22/12/2006	22/12/2006	-	Active	NO
11	U27109OR1992PTC003046	PAWANSUT SPONGE PRIVATE LIMITED	Director	25/03/2008	22/03/2007	-	Amalgamated	NO
12	L27201WB1961PLC025269	INDO AMERICAN ELECTRICALS LTD	Additional director	27/07/2007	27/07/2007	-	Active	NO
13	U63040WB2007PTC117887	SPS TOURS & HOTELS PRIVATE LIMITED	Director	17/08/2007	17/08/2007	-	Active	NO
14	U27109WB2004PTC098368	RITIKA STEEL INDUSTRIES PRIVATE LIMITED	Director	01/11/2007	01/11/2007	21/11/2007	Active	NO
15	U51109WB1996PTC082061	AFTEK TRADERS PRIVATE LIMITED	Director	26/02/2008	26/02/2008	-	Active	NO
16	U17119RJ1995PLC009414	SURAJ FABRICS INDUSTRIES LIMITED	Managing director	01/02/2010	12/11/2008	-	Active	NO
17	U40300WB2010PLC150517	SPS SYNERGY SOLAR LIMITED	Director	17/06/2010	17/06/2010	-	Active	NO
18	U27100WB2011PLC158285	SPS ISPAT & POWER LIMITED	Director	01/02/2011	01/02/2011	-	Active	NO
19	U61200WB2011PLC160729	SPS SHIPPING LIMITED	Director	15/03/2011	15/03/2011	-	Active	NO
20	U15122WB2011PTC161138	SPS UNIAGRO PRIVATE LIMITED	Director	24/03/2011	24/03/2011	-	Active	NO
21	U52100WB2010PTC145920	BHADRAKAALI SALES PRIVATE LIMITED	Director	16/06/2011	16/06/2011	-	Active	NO
22	U52190WB2010PTC146725	DAYA COMMOSALES PRIVATE LIMITED	Director	16/06/2011	16/06/2011	-	Active	NO
23	U45209WB1994PTC066375	INCENTS CONSULTANTS PVT. LTD.	Director	16/06/2011	16/06/2011	-	Active	NO
24	U51900WB1985PLC132208	ROLEX COMMERCIAL COMPANY LIMITED	Director	16/06/2011	16/06/2011	-	Active	NO
25	U52190WB2010PTC145370	AARYA VINTRADE PRIVATE LIMITED	Director	18/06/2011	18/06/2011	-	Active	NO
26	U52100WB2010PTC145874	BALAPRADA TRACOM PRIVATE LIMITED	Director	18/06/2011	18/06/2011	-	Active	NO
27	U55101OR1980PLC000874	ASHOKA INDUSTRIES LIMITED	Additional director	06/09/2011	06/09/2011	-	Active	NO

Name :	Mr. Asoke Kumar Chatterjee
Designation :	Director
Address :	CD – 135, Sector -1 , Salt Lake City, Kolkata – 700064, West Bengal, India
Date of Birth/Age :	01.02.1929
Date of Appointment :	08.04.1999

Other Directorship:

7	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	U74210WB1980PTC032903	S R BATLIBOI CONSULTANTS PVT LTD	Director	01/08/1980	01/08/1980	-	Active	NO
2	L27105BR1971PLC000891	MSL INDUSTRIES LIMITED	Director	03/08/1988	03/08/1988	-	Active	YES
3	L14200WB1994PLC104573	REI AGRO LIMITED	Director	01/01/2002	01/01/2002	-	Active	NO
4	L51909WB1981PLC034409	SPS STEELS ROLLING MILLS LIMITED	Director	22/08/2003	22/08/2003	-	Active	NO
5	U45202CH1987PLC007455	GRAINTEC INDIA LIMITED	Director	16/09/2004	16/09/2004	-	Not Available for eFiling	NO
6	L15142PB1987PLC007455	GRAINTEC INDIA LIMITED	Director	16/09/2004	16/09/2004	-	Active	NO
7	L72200DL1988PLC192643	ALCHEMIST LIMITED	Director	29/04/2005	29/04/2005	-	Active	NO
8	U99999WB2000PLC124804	VARRSANA ISPAT LTD	Director	27/10/2005	27/10/2005	-	Active	NO
9	U51909WB1999PLC089882	RKG EXIM LIMITED	Director	17/04/2006	17/04/2006	03/07/2010	Active	NO
10	U15316DL2006PLC155197	REI Foods and Beverages Limited	Director	30/11/2006	30/11/2006	-	Strike off	NO
11	U51909DL2006PLC155200	REI Retail Limited	Director	30/11/2006	30/11/2006	-	Strike off	NO
12	L51909WB2007PLC117926	REI Six Ten Retail Limited	Director	23/08/2007	21/08/2007	-	Active	NO
13	U15311WB2007PLC118474	MyGrahak Shopping Online Limited	Director	11/09/2007	11/09/2007	-	Active	NO
14	U70100WB2008PLC122569	REI REAL ESTATE LIMITED	Director	13/02/2008	13/02/2008	19/10/2009	Active	NO

Name :	Ms. Sanjukta Vohra
Designation :	Director
Address :	135 G, S P Mukhrjee Road, Kolkata – 700026, West Bengal, India
Date of Birth/Age :	21.11.1962
Date of Appointment :	31.05.2006

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	U51109WB1996PTC082061	AFTEK TRADERS PRIVATE LIMITED	Director	01/07/1998	01/07/1998	-	Active	NO
2	U74920OR1999PTC005980	DARKS SECURITY CONSULTANT PRIVATE LIMITED	Director	01/12/1999	01/12/1999	-	Active	NO
3	U74899DL2001PLC105512	T T RAIL LINKS LIMITED	Director	29/03/2001	29/03/2001	-	Active	NO
4	U55101WB2001PTC093671	RENAISSANCE RESORTS & ENTERTAINMENT PRIVATE LIMITED	Director	05/12/2003	05/12/2003	-	Active	NO
5	U70101WB1989PTC047920	NEERAJ ESTATES PVT LTD	Director	15/10/2004	15/10/2004	-	Active	NO
6	U51909WB1995PTC073585	CHEKSONS BROKING COMPANY PVT.LTD.	Director	10/08/2005	10/08/2005	-	Active	NO
7	U51909WB1995PTC073626	TECHMART BROKING COMPANY PVT.LTD.	Director	10/08/2005	10/08/2005	-	Active	NO
8	U70101WB2002PLC095018	BENGAL INDIA GLOBAL INFRASTRUCTURE LIMITED	Director	23/09/2005	23/09/2005	-	Active	NO
9	U27109WB2004PLC099098	SPS MORTEX FERRO ALLOYS LIMITED	Director	23/09/2005	23/09/2005	-	Active	NO
10	U55101WB1964PTC026234	RUTT DEEN PVT LTD	Director	22/05/2006	22/05/2006	-	Active	NO
11	U32303WB2005PLC101343	SPS ARTS & ENTERTAINMENT LIMITED	Director	31/05/2006	31/05/2006	-	Active	NO
12	U70101WB1986PTC041455	SPS MANI INFRASTRUCTURE PRIVATE LIMITED	Director	31/05/2006	31/05/2006	-	Active	NO
13	U27104WB1990PLC049475	S P S METAL CAST & ALLOYS LIMITED	Director	31/05/2006	31/05/2006	-	Active	NO
14	L51909WB1981PLC034409	SPS STEELS ROLLING MILLS LIMITED	Director	31/05/2006	31/05/2006	-	Active	NO
15	U27109WB2003PLC096537	SPS STEELS LIMITED	Director	31/05/2006	31/05/2006	-	Active	NO
16	U70101WB2004PLC100429	KIT SPS REAL ESTATE DEVELOPMENT LIMITED	Director	31/05/2006	31/05/2006	-	Active	NO
17	U51909WB1995PLC072045	CONCAST STEEL & POWER LIMITED	Director	31/05/2006	31/05/2006	16/11/2010	Active	NO
18	L27201WB1961PLC025269	INDO AMERICAN ELECTRICALS LTD	Managing director	01/02/2010	27/07/2007	-	Active	NO
19	U63040WB2007PTC117887	SPS TOURS & HOTELS PRIVATE LIMITED	Director	17/08/2007	17/08/2007	-	Active	NO
20	U45400WB2008PTC125370	SUMEDHA PROJECTS PRIVATE LIMITED.	Director	02/05/2008	02/05/2008	-	Active	NO
21	U17119RJ1995PLC009414	SURAJ FABRICS INDUSTRIES LIMITED	Additional director	18/08/2009	18/08/2009	-	Active	NO
22	U40300WB2010PLC150517	SPS SYNERGY SOLAR LIMITED	Director	17/06/2010	17/06/2010	-	Active	NO
23	U27100WB2011PLC158285	SPS ISPAT & POWER LIMITED	Director	01/02/2011	01/02/2011	-	Active	NO
24	U61200WB2011PLC160729	SPS SHIPPING LIMITED	Director	15/03/2011	15/03/2011	-	Active	NO
25	U15122WB2011PTC161138	SPS UNIAGRO PRIVATE LIMITED	Director	24/03/2011	24/03/2011	-	Active	NO
26	U52190WB2010PTC145359	AADIDEVAH VINCOM PRIVATE LIMITED	Director	16/06/2011	16/06/2011	-	Active	NO
27	U52190WB2010PTC146723	CHAAMUNDA COMMOSALES PRIVATE LIMITED	Director	16/06/2011	16/06/2011	-	Active	NO
28	U52100WB2010PTC146870	CHITTARUPA SALES PRIVATE LIMITED	Director	16/06/2011	16/06/2011	-	Active	NO
29	U52100WB2010PTC147651	EKAATMAA SALES PRIVATE LIMITED	Director	16/06/2011	16/06/2011	-	Active	NO
30	U65910WB1997PTC129992	SAMSKAR FINANCIAL SERVICES PRIVATE LIMITED	Director	16/06/2011	16/06/2011	-	Active	NO
31	U65922WB1995PTC124678	SLN FINANCE AND LEASING PRIVATE LIMITED	Director	16/06/2011	16/06/2011	-	Active	NO
32	U52190WB2010PTC145370	AARYA VINTRADE PRIVATE LIMITED	Director	18/06/2011	18/06/2011	-	Active	NO
33	U52100WB2010PTC145874	BALAPRADA TRACOM PRIVATE LIMITED	Director	18/06/2011	18/06/2011	-	Active	NO
34	U55101OR1980PLC000874	ASHOKA INDUSTRIES LIMITED	Additional director	06/09/2011	06/09/2011	-	Active	NO

Name :	Mr. Sudesh Kumar Agrawal
Designation :	Director
Address :	BG 42, Salt Lake II Street, Bidhan Nagar, Kolkata – 700091, West Bengal, India
Date of Birth/Age :	13.05.1960
Date of Appointment :	31.07.2009

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	U27102WB1991PTC051350	RITU METAL PROCESSORS PVT LTD	Director	21/12/2003	21/12/2003	06/07/2011	Active	NO
2	L51909WB1981PLC034409	SPS STEELS ROLLING MILLS LIMITED	Director	31/12/2009	31/07/2009	-	Active	NO

Name :	Mr. Gora Ghose
Designation :	Director
Address :	5, Queens Park, 3^rd Floor, RMNO – 302, Ballygunge, Kolkata – 700019, West Bengal, India
Date of Birth/Age :	18.10.1948
Date of Appointment :	31.12.2009

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	L27109WB1917PLC002880	STEEL PRODUCTS LTD.	Director	23/07/1999	23/07/1999	-	Active	NO
2	L25199OR1988PLC002144	POLAR PHARMA INDIA LIMITED	Director	25/08/2009	30/01/2001	-	Active	NO
3	U74140WB2003PTC097029	CONEM MANAGEMENT CONSULTANTS PVT LTD	Managing director	25/09/2003	25/09/2003	-	Active	NO
4	U36900WB1999PTC104712	INDESSA GASES PRIVATE LIMITED	Director	10/08/2005	10/08/2005	14/12/2010	Active	NO
5	L15421WB1980PLC032970	RIGA SUGAR CO LTD	Director	15/03/2007	04/11/2006	20/06/2011	Active	NO
6	U24233WB2007PTC113551	MOLECULAR PATHOBIOLOGY & RESEARCH CENTRE PRIVATE LIMITED	Director	20/02/2007	20/02/2007	-	Strike off	NO
7	L51909WB1981PLC034409	SPS STEELS ROLLING MILLS LIMITED	Director	31/12/2009	30/04/2009	-	Active	NO
8	U85110WB2005NPL104948	INSTITUTE OF NEUROSCIENCES KOLKATA	Director	23/09/2009	24/07/2009	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Pintu Kumar Saw
Designation :	Secretary
Address :	Khali Shani, Near Railway Quarter Chandan Nagar, Hoogly – 712138, West Bengal, India
Date of Birth/Age :	21.11.1962
Date of Appointment :	31.05.2006

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 28.09.2010

Names of Shareholders	No. of Shares
Prabha Devi Saraf	21050
Raja Ram Saraf	217450
Subechha Saraf	16000
Arjun Kumar Santhalia	100000
Bipin Kumar Vohra	1936900
Pawan Kumar Rinwa	100000
SPS Metal Cast and Alloys Limited, Kolkata	1100000
Anubha Steel Private Limited, Kolkata	135000
Pepco Finvest Private Limited, Kolkata	600000
Ashoka Vinimay Private Limited, Kolkata	200000
Saraf Nirmam and Commerce Limited, Kolkata	700000
Mamraj Saraf	300000
Vinayak Mica Export Co, Kolkata	300000
Accurex Traders Private Limited, Kolkata	100000
Mahak Tracon Private Limited, Kolkata	100000
Banca Enterprises Private Limited, Kolkata	70000
Neelachal Marketing Private Limited, Kolkata	50000
Navalco Commercial Private Limited, Kolkata	80000
Vandeep Financial Services Private Limited, Kolkata	50000
Vital Tradelink Private Limited, Kolkata	40000
Starshine Management Private Limited, Kolkata	50000
Times Tracon Private Limited, Kolkata	50000
S M Consultancy Private Limited, Kolkata	100000
Alexandra Traders Private Limited, Kolkata	100000
Pragya Vinicom Private Limited, Kolkata	50000
Spotboy Tracom Private Limited, Kolkata	50000
Richfield Tracon Private Limited, Kolkata	50000
Vasundhara Commodities Private Limited, Kolkata	50000
Udvai Traders Private Limited, Kolkata	100000
Unicon Suppliers Private Limited, Kolkata	100000
Vardan Marketing Private Limited, Kolkata	100000
Topdeal Agencies Private Limited, Kolkata	50000
Sakthi Traders Private Limited, Kolkata	200000
Santosh KR Kejriwal and Securities Private Limited, Kolkata	200000
Techmart Broking Co. Private Limited, Kolkata	15333020
Checksons Broking Co. Private Limited, Kolkata	18142700
Akhil Properties Private Limited, Kolkata	400000
Kiran Ingots Private Limited, Kolkata	400000
Prashant Properties Private Limited, Kolkata	350000
Yokrin Suppliers Private Limited, Kolkata	75000
A L Iron Steels Private Limited, Kolkata	100000
Handy Tools (Engg.) Private Limited, Kolkata	30250
Sanjukta Vohra	120
Sumedha Vohra	60
Piyali Bhattacharjee	60
Sumanta Bhattacharjee	60
Sumedha Projects Private Limited, Kolkata	115250
Total	42412920

AS ON 28.09.2010

Category	Percentage
Bodies corporate	92.95
Directors or relatives of Directors	4.80
Other top fifty shareholders	2.25
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of thermo mechanically treated bars.

PRODUCTION STATUS AS ON 31.03.2010

Installed Capacity: Iron and Steel Materials 561.812 M.T. Per Annum (P.\- 561,812 M.T.)

(Installed Capacity has been certified by the management and nol verified by the auditors being a technical matter)

Particulars	Unit	Actual Production
Sponge Iron	MT	27924
M S Billets and Ingots	MT	137393
TMT Bars	MT	200428
M S Coil	MT	1803
Defective Rounds	MT	3621

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

· United Bank of India, Corporate Finance Branch, 11, Hemant Basu Sarai, Kolkata - 700001, West Bengal, India

· Yes Bank Limited, 9th Floor, Nehru Centre, Discovery of India,, Dr. Annie Besant Road, Worli,, Mumbai - 400018, Maharashtra, India

· Indian Overseas Bank, India Exchange Place Branch, P-35, India Exchange Place, Kolkata - 700001, West Bengal, India

· Allahabad Bank (Lead Bank), Industrial Finance Branch, 17, R. N. Mukherjee Road, 4th Floor., Kolkata - 700001, West Bengal, India

Facilities :

SECURED LOAN	Rs. In Millions 31.03.2010	Rs. In Millions 31.03.2009
Term Loans:
UCO Bank- Sponge and Billet Casting Division, Durgapur (Secured by hypothecation of entire plant and machinery and other fixed assets of the division and equitable mortagage of land at Durgapur for the said division and first charge on all current assets (present and future) of the said division, guarantee of some of the directors of the company and corporate guarantee of group companies)	0.000	8.051
Allahabad Bank-Himachal Pradesh Unit (Secured by First Charge on entire Fixed Assets, both present and future, at Bilaspur, Himachal Pradesh and 2nd charge on current assets of the said unit, guarantee of some of the directors of the Company and corporate guarantee of group companies)	128.159	168.742
Indian Overseas Bank - Rolling Mills Division, Durgapur (Secured by First Charge on entire Block of Assets of the division including second hand machineries acquired from Ind Power Ltd. and guaranteed by some of the directors of the company and a group company)	99.999	100.275
[Total Repayable within one year Rs.65.000 Millions (P.Y. 68.050 Millions)]
Working Capital Loans: Cash Credit
UCO Bank- Sponge and Billet Casting Division, Durgapur (Secured against hypothecation of Stock in Trade, book debts and other current assets, both present and future, of the said division, extention of exclusive first charge on the entire block of assets of the said division including Equitable mortgage of land and also guarantee of some of Directors of the company.)	397.236	404.647
Allahabad Bank - Himachal Pradesh Unit (Secured by exclusive hypthecation charge on the entire stocks, book debts and other current assets of the company, both present and future pertaining to Bilaspur unit and collaterlly secured by the exclusive charge on fixed assets of the Bilaspur unit, pledge of fixed deposits receipt, guarantee of some of the Directors of the company and corporate guarantee of the group companies)	540.833	546.444
Indian Overseas Bank - Rolling Mills Division, Durgapur (Secured against hypothecation of stock in trade, book debts and other current assets of the said division and guaranteed by two directors of the company and two group companies)	898.401	559.815
Packing Credit State Bank of India (Secured against hypothecation on the Company's entire stocks of Iron Ore Fines, book debts and receivables on account of export)	0.000	202.815
TOTAL	2064.629	1990.296
UNSECURED LOAN	Rs. In Millions 31.03.2010	Rs. In Millions 31.03.2009
From Bodies Corporate	399.642	350.000
TOTAL	399.642	350.000

Banking Relations :	--
Auditors :
Name :	D N Gupta and Associates Chartered Accountant
Address :	10, G. C. Avenue, 5th Floor, Kolkata – 700013, West Bengal, India
Associates/Subsidiaries :	· SPS Metal Cast and Alloys Limited · SPS Steel and Power Limited · SPS Mani Infrastructure Private Limited · SPS Mortex Fcrro Alloys Limited · Bengal Recyclers and Fabricators Private Limited · SPS Arts and Entertainment Limited · Dark Security and Consultant Private Limited · Nee-raj Estates Private Limited · Aftek Traders Private Limited · RuttDeen Private Limited · Bengal India Global Infrastructures Limited · SPS Steels Limited · Pawansut Sponge Private Limited. · Techmart Broking Co. Private Limited Cheksons Broking Co. Private Limited · Indo American Electricals Limited · SPS Tours and Hotels Private Limited · Suraj Fabrics Industries Limited · Renaissance Resorts and Entertainment Private Limited · Bakefresh Biscuits Private Limited (Formerly known as Bharot lliscuit Private Limited)

CAPITAL STRUCTURE

AS ON 31.03.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
50000000	Equity Shares	Rs.10/- each	Rs.500.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
42412920	Equity Shares	Rs.10/- each	Rs.424.129 Millions

(Of the above, 2,83,12,920 equity shares allotcd as fully paid up.as other than Cash, pursuant to the scheme of arrangement approved vide order of the High Court of Calcutta did. 31/10/2009) (P.Y. 1,41,00,000 Equity Shares of Rs.10/- each fully paid up)

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		424.129	424.129	141.000
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		1664.363	1571.027	264.798
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		2088.492	1995.156	405.798
LOAN FUNDS
1] Secured Loans		2064.629	1990.296	314.453
2] Unsecured Loans		399.642	350.000	0.000
TOTAL BORROWING		2464.271	2340.296	314.453
DEFERRED TAX LIABILITIES		169.604	159.840	45.595
TOTAL		4722.367	4495.292	765.846
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1465.006	1538.513	351.543
Capital work-in-progress		178.729	0.000	0.000
INVESTMENT		4.059	4.059	0.250
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	1696.363	1277.091	283.125
	Sundry Debtors	1559.263	1617.783	815.385
	Cash & Bank Balances	132.063	180.569	32.308
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	749.252	1330.111	577.269
Total Current Assets		4136.941	4405.554	1708.087
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	341.932	794.140	913.777
	Other Current Liabilities	658.702	571.155	306.451
	Provisions	61.733	87.539	73.806
Total Current Liabilities		1062.367	1452.834	1294.034
Net Current Assets		3074.574	2952.720	414.053
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		4722.368	4495.292	765.846

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008
	SALES
		Income	12713.528	9545.263	3497.070
		Other Income	26.904	112.005	3.584
		TOTAL (A)	12740.432	9657.268	3500.654
Less	EXPENSES
		Material Consumed	6284.589	6655.117	2642.821
		Purchase of Traded Goods	4935.825	1204.035	483.076
		Manufacturer and Other Expenses	1308.419	1064.707	297.512
		Increased / (Decreased) In Stock	(437.069)	136.436	(92.013)
		TOTAL (B)	12091.764	9060.295	3331.396
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		648.668	596.973	169.258
Less	FINANCIAL EXPENSES (D)		363.935	323.417	57.386
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		284.733	273.556	111.872
Less/ Add	DEPRECIATION/ AMORTISATION (F)		122.703	107.934	35.782
	PROFIT BEFORE TAX (E-F) (G)		162.030	165.622	76.090
Less	TAX (I)		54.765	102.218	26.892
	PROFIT AFTER TAX (G-I) (J)		107.265	63.404	49.198
Less	INCOME TAX FOR EARLIER YEAR		13.929	0.580	0.121
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		257.622	194.798	145.722
	BALANCE CARRIED TO THE B/S		350.958	257.622	194.798
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	NA	46.529	NA
	TOTAL EARNINGS		NA	46.529	NA
	Earnings Per Share (Rs.)		4.96	4.46	--

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
PAT / Total Income	(%)	0.84	0.65	1.40
Net Profit Margin (PBT/Sales)	(%)	1.27	1.74	2.17
Return on Total Assets (PBT/Total Assets}	(%)	2.89	2.78	3.69
Return on Investment (ROI) (PBT/Networth)		0.08	0.08	0.19
Debt Equity Ratio (Total Liability/Networth)		1.69	1.90	3.96
Current Ratio (Current Asset/Current Liability)		3.89	3.03	1.32

LOCAL AGENCY FURTHER INFORMATION

NOTE:

The registered office address of the company has been shited from 68A, Promothesh Barua Sarani (Ballygunge Circular Road), Kolkata, - 700 019, West Bengal, India to present w.e.f. 13.05.2011

FORM 8:

Corporate identity number of the company	L51909WB1981PLC034409
Name of the company	SPS STEELS ROLLING MILLS LIMITED
Address of the registered office or of the principal place of business in India of the company	"Elegant Towers", 224a, A.J.C. Bose Road Kolkata – 700017, West Bengal, India
This form is for	Modification of charge
Type of charge	Book Debts Movable Property Immovable Property
Particular of charge holder	United Bank of India
Nature of instrument creating charge	charge modification letter (partly payment certificate)
Date of instrument Creating the charge	08/07/2011
Amount secured by the charge	Rs.500.000 Millions
Short particulars of the property charged	PRIMARY: i) First pari-passu charge on fixed assets of the company, ii) Post Dated Cheques (PDC) for Principal and monthly interest. ADDITIONAL: i) Equitable mortgage of immovable property of value at least Rs.500.000 Millions. [ It is to be created by the company within 15 days from the date of communication of sanction. for Short term Loan. An undertaking to this effect are to be submitted by the company. Search and valuation are to be done as per Bank's norms] ii) Personal guarantee of Mr. Bipin Kumar Vohra (Net worth as on 31.03.2009 Rs.41.800 Millions), Mr. Arjun Kumar Santhalia (Net worth as on 31.03.2009 Rs. 0.900 Millions), Mrs Sanjukta Vohra (Net worth as on 31.03.2009 Rs.20.400 Millions). Creation of First pari-passu charge on Fixed Assets of the Company (Primary Security) : The company has been allowed 3 months time from the date of documentation for obtaining NOC from the existing bankers ceding pari-passu charge in favour of the bank including creation of security. In the event of non creation of charge within the period of three months, 1% penal charges shall be levied for the period of default.
Particulars of the present modification	By this modification the overall limit has been reduced from Rs.100.000 Millions to Rs.50.000 Millions. The short term loan account have been liquidated in full with interest.

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.49.17
UK Pound	1	Rs.76.65
Euro	1	Rs.66.63

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	5
--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		47

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.