MIRA INFORM REPORT

Report Date :

06.02.2012

IDENTIFICATION DETAILS

Name :	RUNGTA MINES LIMITED
Registered Office :	42 A, Shakespe Sarani, 8 A Express Tower, Kolkata – 700017, West Bengal
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	01.12.1962
Com. Reg. No.:	025691
Capital Investment / Paid-up Capital :	Rs.1226.310 Millions
CIN No.: [Company Identification No.]	U26911WB1962PLC025691
Legal Form :	A closely held Public Limited Liability Company.
Line of Business :	Manufacturer and Exporter of Minerals and Refractors
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

A (70)

RATING		STATUS	PROPOSED CREDIT LINE
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

Maximum Credit Limit :	USD 190000000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is an old and well established company having fine track. Financial of the company appears to be sound. Trade relations are reported as fair. Business is active. Payments are reported to be regular 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

LOCATIONS

Registered Office :	42 A, Shakespe Sarani, 8 A Express Tower, Kolkata – 700017, West Bengal, India
Tel. No.:	91-33-22816580 / 3751
Fax No.:	91-33-22815380
E-Mail :	rungta_cal@sify.com rungtas@satyam.net.in
Website :	www.rungtamines.com
Corporate Office :	Rungta House, Singhbhum (West), Chaibasa – 833201, Jharkhand, India
Tel. No.:	91-6582-56861/761/661
Fax No.:	91-6582-56442
E-Mail :	rungtas@satyam.net.in / rml@satyam.net.in
Factory :	Chaliyama, P.O Kesargadia, Dist. Seraikela – Kharsawan, Jharkhand, India
Mines Division / Sponge Iron Division:	Rungta Office, Main Road, Barbil, District Keonjhar – 758035, Orissa, India
Tel No.:	91-6767-275221/277481/441 / 276891/277391/021
Fax No.:	91-6767-276161 / 277011
E-Mail :	rungta_bbl@yahoo.co.in rungtasponge1@yahoo.co.uk

DIRECTORS

As on 12.08.2011

Name :	Mr. Nandlal Rungta
Designation :	Managing Director
Address :	Chaibasa, Singhbhum West, Jharkhand - 833201
Date of Birth/Age :	17.10.1950
Date of Appointment :	07.01.1985
DIN No.:	00114135
Election Commission Identity Car No.:	BR/51/295/189270

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	U45201OR1958NPL008546	Eastern Zone Mining Association	Director	03-08-79	03-08-79	13-11-09	Active	NO
2	U10200WB1964PTC026218	Feegrade and Private Private Limited	Director	05-01-83	05-01-83	-	Active	NO
3	U14109OR1939PLC000246	Bonai Industrial Private Limited	Director	15-10-84	15-10-84	-	Active	NO
4	U26911WB1962PLC025691	Rungta Mines Limited	Managing director	01-04-07	07-01-85	-	Active	NO
5	U02005WB1943PTC011231	Rungta Sons Private Limited	Director	08-03-87	08-03-87	-	Active	NO
6	U65993WB1940PLC010354	Minerals And Metals Limited	Director	26-06-92	26-06-92	-	Active	NO
7	U70101WB1951PTC019809	Mangilall Estates Private Limited	Director	30-06-92	30-06-92	-	Active	NO
8	U24117OR1978PLC000753	Electrochem Orissa Limited	Director	07-09-92	07-09-92	-	Active	NO
9	U51420OR1994PLC003707	Banspani Iron Limited	Managing director	16-09-94	16-09-94	-	Active	NO
10	U51909WB1951PLC019815	Shyam Sundar Limited	Director	02-12-95	02-12-95	-	Active	NO
11	U26959ML2008PLC008300	JP Cements Limited	Director	30-09-08	11-02-08	-	Active	NO
12	U26942ML2007PTC008248	KB Cements Private Limited	Director	30-09-08	11-02-08	-	Active	NO
13	U85100OR2009NPL011422	Ezma Foundation	Director	16-12-09	16-12-09	-	Active	NO

Name :	Mr. Mukund Rungta
Designation :	Director
Address :	Chaibasa, Singhbhum West, Jharkhand - 833201
Date of Birth/Age :	14.01.1958
Date of Appointment :	30.06.1992
DIN No.:	00072640
Election Commission Identity Car No.:	BR/51/295/189271

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	U24117OR1978PLC000753	Electrochem Orissa Limited	Director	08-08-84	08-08-84	-	Active	NO
2	U65993WB1940PLC010354	Minerals And Metals Limited	Director	05-09-85	05-09-85	-	Active	NO
3	U51909WB1951PLC019815	Shyam Sundar Limited	Director	26-06-92	26-06-92	-	Active	NO
4	U14109OR1939PLC000246	Bonai Industrial Private Limited	Managing director	26-02-11	27-06-92	-	Active	NO
5	U10200WB1964PTC026218	Feegrade and Private Private Limited	Director	29-06-92	29-06-92	-	Active	NO
6	U02005WB1943PTC011231	Rungta Sons Private Limited	Director	14-02-11	30-06-92	-	Active	NO
7	U26911WB1962PLC025691	Rungta Mines Limited	Director	07-02-11	30-06-92	-	Active	NO
8	U70101WB1951PTC019809	Mangilall Estates Private Limited	Director	30-06-92	30-06-92	-	Active	NO
9	U51420OR1994PLC003707	Banspani Iron Limited	Director	26-10-02	26-10-02	-	Active	NO
10	U26959ML2008PLC008300	JP Cements Limited	Director	30-09-08	08-02-08	-	Active	NO
11	U26942ML2007PTC008248	KB Cements Private Limited	Director	30-09-08	08-02-08	-	Active	NO

Name :	Mr. Siddharth Rungta
Designation :	Director
Address :	Chaibasa, Singhbhum West, Jharkhand – 833201
Date of Birth/Age :	16.07.1977
Date of Appointment :	03.07.2001
DIN No.:	00112057
Election Commission Identity Car No.:	FYD0551671

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	U26911WB1962PLC025691	Rungta Mines Limited	Director	07-02-11	03-07-01	-	Active	NO
2	L67120WB1993PLC057677	Orissa Securities Limited	Director	12-11-01	12-11-01	-	Active	NO
3	U51909WB1951PLC019815	Shyam Sundar Limited	Director	04-02-02	04-02-02	-	Active	NO
4	U14109OR1939PLC000246	Bonai Industrial Private Limited	Director	30-04-05	30-04-05	-	Active	NO
5	U70101WB1951PTC019809	Mangilall Estates Private Limited	Director	03-05-05	03-05-05	-	Active	NO
6	U10200WB1964PTC026218	Feegrade and Private Private Limited	Director	07-02-11	04-05-05	-	Active	NO
7	U65993WB1940PLC010354	Minerals And Metals Limited	Director	04-05-05	04-05-05	-	Active	NO
8	U02005WB1943PTC011231	Rungta Sons Private Limited	Director	04-05-05	04-05-05	-	Active	NO
9	U45203OR2006PLC008959	Haridaspur Paradip Railway Company Limited	Nominee director	15-05-07	15-05-07	-	Active	NO
10	U26959ML2008PLC008300	JP Cements Limited	Director	30-09-08	11-02-08	-	Active	NO
11	U26942ML2007PTC008248	KB Cements Private Limited	Director	30-09-08	11-02-08	-	Active	NO
12	U10100JH2008PTC013329	C T Mining Private Limited	Nominee director	25-09-08	25-09-08	-	Active	NO
13	U10100WB2009PTC138134	Mednirai Coal Mining Private Limited	Nominee director	01-09-09	01-09-09	-	Active	NO
14	U74899DL1969NPL005064	Federation Of India Mineral Industries	Director	28-10-09	28-10-09	-	Active	NO
15	U10100OR2010PTC011795	Radhikapur (West) Coal Mining Private Limited	Nominee director	29-03-10	29-03-10	-	Active	NO
16	U74899WB1995PTC165878	Holly Hock Farms Private Limited	Director	14-06-11	26-07-10	-	Active	NO
17	U74899WB1995PTC165792	Columbine Farms Private Limited	Director	14-06-11	26-07-10	-	Active	NO
18	U85199WB1996PTC167219	Aravali Health Farm Private Limited	Director	14-06-11	26-07-10	-	Active	NO

Name :	Mr. Ajay Kumar Rungta
Designation :	Director
Address :	1A, Gurusaday Road, Kolkata, West Bengal
Date of Birth/Age :	27.05.1939
Date of Appointment :	28.06.1994
DIN No.:	00053500

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	L67120WB1974PLC029400	Aaekay Investment Centre Limited	Director	30-04-74	30-04-74	-	Active	NO
2	U11101WB1975PLC030121	West Bengal Time Limited	Director	16-07-75	16-07-75	-	Strike off	NO
3	L17120MH1989PLC054580	Zenith Fibres Limited	Director	18-12-89	18-12-89	-	Active	NO
4	U26911WB1962PLC025691	Rungta Mines Limited	Director	28-06-94	28-06-94	-	Active	NO

Name :	Mr. Mahesh Dutt Rustangi
Designation :	Whole-time Director
Address :	Punjabi Para, Bhola Garage Road, Barbil, Keonjhar – 758035, Orissa
Date of Birth/Age :	01.09.1940
Date of Appointment :	12.01.2008
DIN No.:	01219014
Election Commission Identity Car No.:	DL/03/020/183020

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	U51420OR1994PLC003707	Banspani Iron Limited	Director	25-06-97	25-06-97	-	Active	NO
2	U14109OR1939PLC000246	Bonai Industrial Private Limited	Director	04-02-08	10-01-08	-	Active	NO
3	U02005WB1943PTC011231	Rungta Sons Private Limited	Director	02-08-08	12-01-08	-	Active	NO
4	U10200WB1964PTC026218	Feegrade and Private Private Limited	Director	02-08-08	12-01-08	-	Active	NO
5	U26911WB1962PLC025691	Rungta Mines Limited	Whole-time director	12-01-08	12-01-08	-	Active	NO
6	U51909WB1951PLC019815	Shyam Sundar Limited	Additional director	05-10-11	05-10-11	-	Active	NO

Name :	Mr. Hirak Mazumder
Designation :	Director
Address :	At-Rungta Office, Main Road, Barbil, Keonjhar – 758035, Orissa, India
Date of Birth/Age :	05.05.1961
Date of Appointment :	07.02.2011
DIN No.:	03473973

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 12.08.2011

Names of Shareholders	No. of Shares
Sitaram Rungta (HUF)	115005000
Nandlal Rungta (HUF)	238251000
Mukund Rungta (HUF)	381054000
Nandlal Rungta	176505000
Mukund Rungta	111930000
Siddharth Rungta	59163000
Manju Rungta	24600000
Preeti Rungta	109470000
Shradha Rungta	9922000
Ajay Rungta	410000
Total	1226310000

As on 12.08.2011

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Directors or relatives of Directors	99.97
Other top fifty shareholders	0.03
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer and Exporter of Minerals and Refractors

Products:

Product Description	Item Code No.
Iron Ore Lumps	26011101
Sponge Iron	72031000
Manganese Ore	26020004

PRODUCTION STATUS As on 31.03.2010

Particulars	Unit	Licensed Capacity	Installed Capacity	Actual Production
Sponge Iron	MT	1830000.000	492000.000	326333.550

GENERAL INFORMATION

Customers :

Iron Ore

Steel Mills

Bhilai Steel Plant (SAIL - Madhya Pradesh)

Bokaro Steel Plant (SAIL - Jharkhand)

Durgapur Steel Plant (SAIL - West Bengal)

Indian Iron and Steel Company Limited. (IISCO - West Bengal)

Neelachal Ispat Nigam Limited.- Orissa (proposed)

Rourkela Steel Plant (SAIL - Orissa)

Sponge Iron Plants

Bihar Sponge Iron Limited

Essar Steel Limited (Gujarat)

HEG Limited (Madhya Pradesh)

Ispat Industries Limited (Maharashtra)

Jindal Strips Limited (Madhya Pradesh)

Lloyds Metals and Engineers Limited (Maharashtra)

Monnet Industries Limited (Maharashtra)

Nova Iron and Steel Company Limited (Madhya Pradesh)

Orissa Sponge Iron Limited (Orissa)

Prakash Industries Limited. (Madhya Pradesh)

Raipur Alloys and Steel Limited (Madhya Pradesh)

Rexon Strips Limited (Orissa)

Sunflag Iron and Steel Company Limited (Maharashtra)

Surya Sponge Iron Limited (Orissa)

Tata Sponge Iron Limited. (Orissa)

Pig Iron Plants

Electro Steel Castings Limited (West Bengal)

Jaiswal Neco Limited (Madhya Pradesh)

Kajaria Iron and Castings Limited (West Bengal)

Malavika Steel Limited (Uttar Pradesh)

Usha Martin Industries Limited (Jharkhand)

Cement Plants

ACC Cement Limited

Gujarat Ambuja Cement Limited

Kalyanpur Lime and Cement Works (Bihar)

>>

Battery Industry

Eveready Industries India Limited

>>

Steel Mills

Bokaro Steel Plant (SAIL - Jharkhand)

Durgapur Steel Plant (SAIL - (West Bengal)

Indian Iron and Steel Company Limited (IISCO - West Bengal)

Rourkela Steel Plant (SAIL - Orissa)

>>

Ferro Manganese Plants

Bhaskar Shrachi Alloys Limited (West Bengal)

Ferro Alloys Corpn. Limited (Andhra Pradesh)

Ispat Alloys Limited (Orissa)

Impex Ferro Tech Limited (West Bengal)

KFA Manganese (Maharashtra)

Maharashtra Electosmelt Limited

Monnet Ferroalloys Limited (West Bengal)

Shyam Ferro Alloys (West Bengal)

UFA International (Madhya Pradesh)

>>

Pig Iron Plant

Electro Steel Castings Limited (West Bengal)

Malavika Steel Limited (Uttar Pradesh)

Usha Martin Industries Limited (Jharkhand)

Bankers :

• Canara Bank, Sadar Bazar, Chaibasa – 833201, West Bengal, India
• IDBI Bank, Park Street, Kolkata – 700016, Kolkata, India

`

Facilities :

Secured Loan	As on 31.03.2011 (Rs. in Millions)	As on 31.03.2010 (Rs. in Millions)
Rupee Term Loans Bank Secured	873.234	462.360
Foreign Currency Loans Bank Secured	927.231	0.000
Working Capital Loans Bank Secured	2340.804	2794.812
Total	4141.269	3257.172

Notes:

1. Canara Bank Packing Credit Secured by hypothecation of Iron Ore Stock meant for Export.

2. Foreign Bill Purchased Secured by hypothecation of Export Documents along with Bill of Lading.

3. Bank Overdraft Secured by hypothecation of Pledge of Fixed Deposits.

4. Canara Bank Term Loan I and II secured by hypothecation of Railway Rakes procured under Wagon Investment Scheme.

5. Canara Bank Term Loan III secured by hyppohtecation of Integrated Steel Plant located at Kamando.

6. Canara Bank Term Loan IV secured by hypothecation of Integrated Steel Plant at Chaliyama, Jharkhand. Further all above loans are secured by the Personal Guarantee of the Directors namely Mr. Nandlal Rungta and Mukund

Rungta except Bank Overdraft.

Banking Relations :	--
Auditors :
Name :	R S Choumal and Company Chartered Accountants
Address :	17, Ganesh Chandra Avenue, Kolkata – 700013, West Bengal, India
PAN No.:	ACRPC5153F
Subsidiaries :	· JP Cements Limited · Aravali Health Farm Private Limited · Columbine Farms Private Limited · Holly Hock Farms Private Limited
Joint Venture :	· CT Mining Private Limited · Electro Chem Orissa Limited · Mednirai Coal Mining Private Limited · Radhikapur (West) Coal Mining Private Limited
Related Parties :	· Bonai Industrial Company Limited · Banspani Iron Limited · Rungta Sons Private Limited · Feegrade and Company Private Limited · Mangilall Estates Private Limited · Minerals and Metals Limited

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
2500000000	Equity Shares	Rs.1/- each	Rs.2500.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1226310000	Equity Shares	Rs.1/- each	Rs.1226.310 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011	31.03.2010	31.03.2009
SHAREHOLDERS FUNDS
1] Share Capital		1226.310	10.000	10.000
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		46183.263	36110.547	29217.398
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		47409.573	36120.547	29227.398
LOAN FUNDS
1] Secured Loans		4141.269	3257.172	2850.340
2] Unsecured Loans		0.000	0.000	0.950
TOTAL BORROWING		4141.269	3257.172	2851.290
DEFERRED TAX LIABILITIES		208.218	219.820	189.335
TOTAL		51759.060	39597.539	32268.023
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		3820.539	3804.813	3365.025
Capital work-in-progress		3067.121	842.947	756.789
INVESTMENT		684.547	254.174	465.912
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	2106.567	1735.707	1531.236
	Sundry Debtors	2449.946	2003.519	2186.336
	Cash & Bank Balances	36980.018	28173.241	140.211
	Other Current Assets	3254.134	3871.650	25636.783
	Loans & Advances	2329.600	2412.789	1866.699
Total Current Assets		47120.265	38196.906	31361.265
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	530.761	886.599	449.891
	Other Current Liabilities	1972.563	2630.301	3193.976
	Provisions	596.925	40.058	44.006
Total Current Liabilities		3100.249	3556.958	3687.873
Net Current Assets		44020.016	34639.948	27673.392
MISCELLANEOUS EXPENSES		166.837	55.657	6.905
TOTAL		51759.060	39597.539	32268.023

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	30793.640	26690.109	29830.989
		Other Income	3409.447	3230.617	2367.219
		TOTAL (A)	34203.087	29920.726	32198.208
Less	EXPENSES
		Consumption materials changes inventories	3615.130	5293.388	16744.433
		Manufacturing service costs	3074.582	1941.184
		Contract cost	82.991	58.298
		Employee related expenses	665.771	438.677
		Administrative selling other expenses	8744.669	10987.970
		Prior period items	0.202	0.171
		TOTAL (B)	16183.345	18719.688	16744.433
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		18019.742	11201.038	15453.775
Less	FINANCIAL EXPENSES (D)		269.673	334.531	235.896
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		11750.069	10866.507	15217.879
Less/ Add	DEPRECIATION/ AMORTISATION (F)		439.733	416.838	357.967
	PROFIT BEFORE TAX (E-F) (G)		17310.336	10449.669	14859.912
Less	TAX (I)		5756.372	3533.370	5048.290
	PROFIT AFTER TAX (G-I) (J)		11553.964	6916.299	9811.622
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		31335.525	25133.782	16831.550
Less	APPROPRIATIONS
		Transfer to General Reserve	1439.263	714.727	1485.991
		Dividend			20.000
		Tax on Dividend			3.399
	BALANCE CARRIED TO THE B/S		41450.226	31335.525	25133.782
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings		14571.819	14068.235
		Dispatch Money Received		1.961	1.915
		Other Earnings		3.063	26.690
	TOTAL EARNINGS		1007.017	14576.843	14096.84
	IMPORTS
		Stores & Spares	NA	3.418	7.774
		Capital Goods	NA	0.000	164.773
	TOTAL IMPORTS		NA	3.418	172.547
	Earnings Per Share (Rs.)		9.42	69162.99	98116.22

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	33.78	23.12	30.47
Net Profit Margin (PBT/Sales)	(%)	56.21	39.15	49.81
Return on Total Assets (PBT/Total Assets}	(%)	33.98	24.88	42.79
Return on Investment (ROI) (PBT/Networth)		0.37	0.29	0.50
Debt Equity Ratio (Total Liability/Networth)		0.15	0.19	0.22
Current Ratio (Current Asset/Current Liability)		15.20	10.74	8.50

LOCAL AGENCY FURTHER INFORMATION

Contingent Liability:

(Rs. In Millions)

Particulars	31.03.2011	31.03.2010
Bank Guarantee	259.956	131.320
Unexpired Letter of Credit for purchase of Capital goods	537.773	1361.333
Corporate Guarantee ( To Schedule Banks)	853.576	357.976
disputed income tax	Financial Year 2005-06 0.253	Financial Year 2006-07 5.106
Bond executed for purchase of Imported Goods under EPCG License scheme	58.109	67.928

Form 8:

Corporate identity number of the company	U26911WB1962PLC025691
Name of the company	RUNGTA MINES LIMITED
Address of the registered office or of the principal place of business in India of the company	42 A, Shakespe Sarani, 8 A Express Tower, Kolkata – 700017, West Bengal, India E-mail : rungta_cal@sify.com
This form is for	Creation of charge
Type of charge	Others (Plant and Machinery created out of this Term Loan)
Particular of charge holder	Canara Bank, Jain Market, Chaibasa – 833201, Jharkhand, India E-mail : rci0247@canbank.co.in
Nature of instrument creating charge	1. NF373- Particulars of vehicles/ Machinery / Equipment etc. hypothecated 2. Supplemental Common Hypothecation Agreement 3. Sanction Letter of Rs. 2300.000 Millions
Date of instrument Creating the charge	22.03.2010
Amount secured by the charge	Rs.2300.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest BPLR-2%=10% p.a. (Floating) Terms of Repayment Commence after 24 months from the date of 1st disbursement of Term Loan Margin TL - 38.48% ILC/ FLC - 20.00% Extent and Operation of the charge Upto the Amount of Term Loan sanctioned by the Bank or the amount availed whichever is lower
Short particulars of the property or asset(s) charged (including complete address and location of the property)	Assets created out of Bank finance for Integrated Steel Plant at Komando

Fixed Assets:

• Building and Shed and others
• Coal Shed
• Computer and Peripherals
• Crusher and Screening Plant
• Culvert
• Cycle
• Drill Machines
• Earth Movers
• Electrical and Pipline Fitting
• Office Premises
• Flat and Building
• Furniture and Fixtures
• Internal Road
• Labour Hunting and Shed
• Land Leasehold
• Lorries and Buses
• Motor Cycles and Scooters
• Motorcar and Van
• Plant and Machinery
• Office Equipments
• Railway Rake

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.48.96
UK Pound	1	Rs.77.47
Euro	1	Rs.64.40

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	7
PAID-UP CAPITAL	1~10	8
OPERATING SCALE	1~10	8
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	8
--PROFITABILIRY	1~10	8
--LIQUIDITY	1~10	8
--LEVERAGE	1~10	7
--RESERVES	1~10	8
--CREDIT LINES	1~10	8
--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	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		70

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
-	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.