1. Summary Information

		Country	India
Company Name	NICCO CORPORATION LIMITED	Principal Name 1	Ms. Pallavi Priyadarshini Kaul
Status	Moderate	Principal Name 2	Mr. Rajive Kaul
		Registration #	21-036362
Street Address	Nicco House, 2 Hare Street, Kolkata – 700001, West Bengal
Established Date	31.05.1983	SIC Code	--
Telephone#	91-33-66285000	Business Style 1	Manufacturer
Fax #	91-33-22309443	Business Style 2	--
Homepage	http://www.niccogroup.com	Product Name 1	Cables
# of employees	Not Available	Product Name 2	--
Paid up capital	Rs.442,085,000/-	Product Name 3	--
Shareholders	Shareholding of Promoter and Promoter Group – 22.86% Public shareholding –77.14%	Banking	Allahabad Bank
Public Limited Corp.	YES	Business Period	29 Years
IPO	YES	International Ins.	-
Public Enterprise	YES	Rating	Ca (17)
Related Company
Relation	Country	Company Name	CEO
Associate:	India	Nicco Biotech Limited	--
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2011		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	1,422,222,000	Current Liabilities	1,748,868,000
Inventories	332,012,000	Long-term Liabilities	1,849,686,000
Fixed Assets	929,779,000	Other Liabilities	60,174,000
Deferred Assets	508,513,000	Total Liabilities	3,658,728,000
Invest& other Assets	176,654,000	Retained Earnings	681,082,000
		Net Worth	(289,548,000)
Total Assets	3,369,180,000	Total Liab. & Equity	3,369,180,000
Total Assets (Previous Year)	3,570,539,000
P/L Statement as of	31.03.2011		(Unit: Indian Rs.)
Sales	2,899,554,000	Net Profit	(211,497,000)
Sales(Previous yr)	3,075,705,000	Net Profit(Prev.yr)	(431,568,000)

MIRA INFORM REPORT

Report Date :

12.07.2012

IDENTIFICATION DETAILS

Name :	NICCO CORPORATION LIMITED
Registered Office :	Nicco House, 2 Hare Street, Kolkata – 700001, West Bengal
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	31.05.1983
Com. Reg. No.:	21-036362
Capital Investment / Paid-up Capital :	Rs. 442.085 Millions
CIN No.: [Company Identification No.]	L55101WB1983PLC036362
Legal Form :	A Public Limited Liability company. The company’s Share are Listed on the Stock Exchange.
Line of Business :	Manufacturer of Cables.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ca (17)

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Exists
Comments :	Subject is an established company having moderate track. The company has incurred loss during the year 2011. There appears huge accumulated losses in the records. Financial position of the company is under pressure. However, trade relations are reported as fair. Business is active. Payments are reported to be slow. Initially, the company can be considered for business dealings on a safe and secured 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 :	Nicco House, 2 Hare Street, Kolkata – 700001, West Bengal, India
Tel. No.:	91-33-66285000/66285250
Fax No.:	91-33-22309443
E-Mail :	jspaul@niccogroup.com investorsservices@niccogroup.com rahulbenerjee@niccogroup.com
Website :	http://www.niccogroup.com
Factory 1 :	P.O. Authpur, Shamnagar, 24-Parganas (North) – 743128, West Bengal, India
Tel. No.:	91-33-66285368 / 5470 / 5471
Fax No.:	91-33-25812940
E-Mail :	shycab@cal.2vsnl.net.in
Factory 2 :	Hamilton Gardens, Baripada, District Mayurbhanj – 757001, Orissa, India
Tel. No.:	91-6792-252454 / 252434
Fax No.:	91-6792-252398
Branches :	Located at : Bangalore Baroda Mumbai New Delhi Hyderabad Chennai Kolkata

DIRECTORS

As on 22.09.2011

Name :

Mr. Rajive Kaul

Designation :

Chairman

Address :

14/1, Buadwan Road, Alipore, Kolkata – 700027, West Bengal, India

Date of Birth/Age :

03.04.1949

Date of Appointment :

22.05.1992

DIN No.:

00065554

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U74992WB1942PTC010928	ASSOCIATED INDUSTRIAL DEVELOPMENT COMPANY PRIVATE LIMITED	Director	21/05/1976	21/05/1976	-	Active	NO
2	U67120WB1942PTC011077	HERCULES TRADING CORPN PRIVATE LIMITED	Director	21/05/1976	21/05/1976	-	Active	NO
3	U65993WB1985PLC038746	NICCO FINANCIAL SERVICES LIMITED	Director	06/04/1985	06/04/1985	-	Active	NO
4	L92419WB1989PLC046487	NICCO PARKS AND RESORTS LIMITED	Nominee director	17/03/1989	17/03/1989	-	Active	NO
5	U55101WB1983PLC036362	NICCO CORPORATION LIMITED	Director	14/03/2011	22/05/1992	-	Active	NO
6	U51109WB1989PTC046240	SUNFLAG COMMERCIAL PRIVATE LIMITED	Director	16/01/1997	16/01/1997	-	Active	NO
7	U64202WB2000PLC092193	NICCO VENTURES LIMITED	Director	26/07/2000	26/07/2000	-	Active	NO
8	U74210WB2000PLC092471	NICCO ENGINEERING SERVICES LIMITED	Director	27/09/2000	27/09/2000	-	Active	NO
9	U45201WB2001PLC092842	NICCO JUBILEE PARK LIMITED	Director	05/02/2001	05/02/2001	-	Active	NO
10	U24239WB2006PLC107275	NICCO BIOTECH LIMITED	Director	16/01/2006	16/01/2006	-	Active	NO
11	U00000WB2001PLC115841	MJUNCTION SERVICES LIMITED	Director	25/05/2007	13/12/2006	29/04/2009	Active	NO
12	U80904MH2007PLC167754	IMPERIAL COLLEGE INDIA FOUNDATION	Director	10/02/2007	10/02/2007	-	Active	NO
13	U45400WB2007PTC117197	PROPEL PROPERTIES PRIVATE LIMITED	Director	16/07/2007	16/07/2007	25/05/2009	Active	NO
14	U64204WB2007PLC120403	NICCO CABLES LIMITED	Director	19/11/2007	19/11/2007	-	Active	NO
15	U31401MH2006PTC158720	RUCHIKA ELECTRICALS AND ENGINEERING PRIVATE LIMITED	Director	12/09/2008	18/02/2008	-	Active	NO
16	U72200WB2000PTC130244	SHEKHAR INFOTECH PRIVATE LIMITED.	Additional director	20/10/2008	20/10/2008	-	Active	NO
17	U51909WB1994PTC065337	GENEMORE TRACOM PRIVATE LIMITED	Additional director	30/10/2010	30/10/2010	-	Active	NO
18	U72100MH2005PTC158350	SKY COMPUSOFT COM PRIVATE LIMITED	Additional director	21/01/2012	21/01/2012	-	Active	NO

Name :

Mr. Udayan Ray

Designation :

Managing Director

Address :

Maya Apartment, 14/1 Khanpur Road, Kolkata – 700047, West Bengal, India

Date of Birth/Age :

01.06.1945

Date of Appointment :

30.07.2003

DIN No.:

00065616

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U55101WB1983PLC036362	NICCO CORPORATION LTD	Managing director	01/10/2011	30/07/2003	-	Active	NO
2	U74210WB2000PLC092471	NICCO ENGINEERING SERVICES LIMITED	Director	22/09/2003	22/09/2003	-	Active	NO
3	L65922WB1987PLC043267	SBI HOME FINANCE LIMITED	Director	18/06/2004	18/06/2004	-	Under liquidation	NO
4	U24239WB2006PLC107275	NICCO BIOTECH LIMITED	Additional director	16/01/2006	16/01/2006	-	Active	NO
5	U27201AS2006PLC008186	NE CABLES LIMITED	Director	20/06/2006	20/06/2006	-	Active	NO
6	U64204WB2007PLC120403	NICCO CABLES LIMITED	Director	19/11/2007	19/11/2007	-	Active	NO
7	U64202WB2000PLC092193	NICCO VENTURES LIMITED	Director	28/07/2009	26/07/2008	-	Active	NO

Name :

Mr. Narottam Das

Designation :

Director

Address :

Flat No. 77, Nirmala Plazaa – B, Aiforestpa, Bhubneswar – 751009, Orissa, India

Date of Birth/Age :

26.12.1937

Date of Appointment :

12.04.1993

DIN No.:

00080612

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U55101WB1983PLC036362	NICCO CORPORATION LIMITED	Director	12/04/1993	12/04/1993	-	Active	NO
2	L70101WB1994PLC066445	SHIBIR INDIA LIMITED	Director	29/01/2004	29/01/2004	-	Active	NO
3	U74210WB2000PLC092471	NICCO ENGINEERING SERVICES LIMITED	Director	30/12/2005	30/12/2005	-	Active	NO
4	L51909WB1917PLC002767	AI CHAMPDANY INDUSTRIES LIMITED	Director	26/09/2006	31/05/2006	-	Active	NO
5	U24239WB2006PLC107275	NICCO BIOTECH LIMITED	Director	27/10/2006	27/10/2006	-	Active	NO

Name :

Mr. Prabir Chakravarti

Designation :

Director

Address :

42 A Dimonad Harbour Road, Kolkata – 700038, West Bengal, India

Date of Birth/Age :

30.04.1944

Date of Appointment :

19.09.2001

DIN No.:

00273523

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	L01132WB1918PLC002913	BAGHMARI TEA COMPANY LIMITED	Director	14/04/1975	14/04/1975	-	Active	NO
2	U65993WB1985PLC038746	NICCO FINANCIAL SERVICES LIMITED	Director	30/04/1988	30/04/1988	-	Active	NO
3	L27203KA1979PLC003442	BHORUKA ALUMINIUM LIMITED	Director	03/09/1990	03/09/1990	30/03/2012	Active	NO
4	L34202WB1986PLC040542	BNK CAPITAL MARKETS LIMITED	Director	28/08/1993	28/08/1993	-	Active	NO
5	U70206WB1946PTC014759	BALLY INVESTMENT TRUST PRIVATE LIMITED	Director	22/07/1994	22/07/1994	-	Active	NO
6	L17125WB1996PLC081382	RELIANCE JUTE MILLS (INTERNATIONAL) LIMITED	Director	28/07/1997	28/07/1997	-	Active	NO
7	L55101WB1971PLC028152	SINCLAIRS HOTELS LIMITED	Director	24/06/1998	24/06/1998	18/12/2007	Active	NO
8	U72900WB2000PTC091231	GOPI VALLABH SOLUTIONS PRIVATE LIMITED	Director	17/07/2000	17/07/2000	25/03/2009	Active	NO
9	U17117HP2000PLC026391	GPI TEXTILES LIMITED	Director	28/02/2001	28/02/2001	26/03/2007	Active	NO
10	U55101WB1983PLC036362	NICCO CORPORATION LIMITED	Director	19/09/2001	19/09/2001	-	Active	NO
11	L24119OR1962PLC007123	JAYSHREE CHEMICALS LIMITED	Director	29/07/2002	29/07/2002	-	Active	NO
12	L51909WB1981PLC034409	SPS STEELS ROLLING MILLS LIMITED	Director	08/09/2003	08/09/2003	30/04/2009	Active	NO
13	U74140WB2005PLC105342	VIDULA CONSULTANCY SERVICES LIMITED	Director	16/01/2006	13/09/2005	-	Active	NO
14	L01132WB1889PLC000576	NEW CHUMTA TEA COMPANY LIMITED	Director	31/07/2006	31/07/2006	23/03/2007	Active	NO
15	U51909WB1995PTC070766	HARMONIOUS VANIJYA PRIVATE LIMITED	Director	05/03/2008	05/03/2008	04/07/2011	Active	NO
16	U17111WB1960PLC024677	SRI GIRIJA PRASANNA COTTON MILLS LIMITED	Director	31/03/2008	31/03/2008	-	Active	NO
17	L02001OR1982PLC001101	MANGALAM TIMBER PRODUCTS LIMITED	Director	03/09/2009	15/05/2009	-	Active	NO
18	U25191WB1953PTC020927	CARUMA COMPANY PRIVATE LIMITED	Director	30/03/2012	30/03/2012	-	Active	NO

Name :

Mr. Sujit Poddar

Designation :

Director

Address :

KK 127, Salt Lake, Kolkata – 700091, West Bengal, India

Date of Birth/Age :

02.07.1947

Date of Appointment :

31.05.2006

DIN No.:

00041438

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	L92419WB1989PLC046487	NICCO PARKS AND RESORTS LIMITED	Director	30/07/1997	30/07/1997	-	Active	NO
2	U51109WB1983PLC036021	CHOICEST ENTERPRISES LIMITED	Director	29/12/1997	29/12/1997	-	Active	NO
3	U17122WB1991PLC053828	INFINITY INFOTECH PARKS LIMITED	Director	13/06/2000	13/06/2000	-	Active	NO
4	U70101WB1994PLC063441	LUXMI TOWNSHIP LIMITED	Director	05/03/2002	05/03/2002	-	Active	NO
5	U72200WB1996PLC103607	GLOBSYN TECHNOLOGIES LIMITED	Director	29/06/2002	29/06/2002	-	Active	NO
6	U51909WB1993PTC057883	OMEX TREXIM PRIVATE LIMITED	Director	01/04/2003	01/04/2003	-	Active	NO
7	U91110WB1994PTC066668	iSmart Global Private Limited	Director	28/08/2003	28/08/2003	02/01/2008	Active	NO
8	U51909WB2005PTC105593	SOMBIT COMMERCIAL PRIVATE LIMITED	Director	26/09/2005	26/09/2005	-	Active	YES
9	U55101WB1983PLC036362	NICCO CORPORATION LIMITED	Director	31/05/2006	31/05/2006	-	Active	NO
10	U70101WB2006PTC110085	PKD PROJECTS PRIVATE LIMITED	Director	26/06/2006	26/06/2006	-	Active	NO
11	U15492WB1912PLC002175	MONMOHINIPUR TEA COMAPNY LIMITED	Director	26/09/2006	26/09/2006	-	Amalgamated	NO
12	U74210WB2007PTC114099	SPACE SOLUTIONS PRIVATE LIMITED	Director	13/03/2007	13/03/2007	-	Active	NO
13	U55101WB2007FTC114214	WELLSIDE HOTELS & RESORTS PRIVATE LIMITED	Director	15/03/2007	15/03/2007	-	Active	NO
14	U45200WB2006PLC111970	BHAGIRATHI GREENFIELD REAL ESTATE LIMITED	Director	25/06/2007	10/05/2007	-	Active	NO
15	L65944MH1984PLC031807	SECURE EARTH TECHNOLOGIES LIMITED	Additional director	11/07/2007	11/07/2007	-	Active	NO
16	U70200WB2009PTC138734	NUVO ENGINEERING SERVICES PRIVATE LIMITED	Director	06/10/2009	06/10/2009	-	Active	NO
17	U01132WB1912PLC002104	LUXMI TEA CO LIMITED	Director	15/09/2011	25/08/2010	-	Active	NO

Name :

Ms. Pallavi Priyadarshini Kaul

Designation :

Director

Address :

14/1, Buadwan Road, Alipore, Kolkata – 700027, West Bengal, India

Date of Birth/Age :

11.09.1975

Date of Appointment :

31.10.2007

DIN No.:

00065449

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U65993WB1985PLC038746	NICCO FINANCIAL SERVICES LIMITED	Director	30/06/2000	30/06/2000	-	Active	NO
2	U64202WB2000PLC092193	NICCO VENTURES LIMITED	Managing director	01/04/2010	26/07/2000	-	Active	NO
3	L92419WB1989PLC046487	NICCO PARKS AND RESORTS LIMITED	Director	23/07/2004	23/07/2004	-	Active	NO
4	U24239WB2006PLC107275	NICCO BIOTECH LIMITED	Additional director	27/10/2006	27/10/2006	-	Active	NO
5	U51909WB1994PTC065337	GENEMORE TRACOM PRIVATE LIMITED	Director	18/01/2007	18/01/2007	-	Active	NO
6	U45400WB2007PTC117197	PROPEL PROPERTIES PRIVATE LIMITED	Director	16/07/2007	16/07/2007	-	Active	NO
7	U55101WB1983PLC036362	NICCO CORPORATION LIMITED	Director	31/10/2007	31/10/2007	-	Active	NO
8	U92413WB2010PTC155326	NICCO PARKS LEISURE PROJECTS PRIVATE LIMITED	Director	02/12/2010	02/12/2010	-	Active	NO

Name :

Mr. Shiv Siddhant Narayan Kaul

Designation :

Director

Address :

14/1, Buadwan Road, Alipore, Kolkata – 700027, West Bengal, India

Date of Birth/Age :

24.10.1977

Date of Appointment :

31.10.2007

DIN No.:

01495808

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U74210WB2000PLC092471	NICCO ENGINEERING SERVICES LIMITED	Director	26/04/2007	26/04/2007	-	Active	NO
2	U55101WB1983PLC036362	NICCO CORPORATION LIMITED	Director	31/10/2007	31/10/2007	-	Active	NO
3	U85300WB1926GAP005585	INDIAN CHAMBER OF COMMERCE CALCUTTA	Director	30/06/2011	30/06/2008	-	Active	NO
4	U65993WB1985PLC038746	NICCO FINANCIAL SERVICES LIMITED	Director	16/09/2009	24/01/2009	-	Active	NO
5	U67120WB1893NPL000761	THE BENGAL CHAMBER OF COMMERCE AND INDUSTRY	Director	13/11/2009	13/11/2009	23/09/2011	Active	NO

Name :

Mr. Sanjoy Bhattacharya

Designation :

Director

Address :

Udita phase Iflatud, 030302 1050/1 Survey, Kolkata – 700075, West Bengal, India

Date of Birth/Age :

20.05.1946

Date of Appointment :

28.11.1995

DIN No.:

00199489

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U55101WB1983PLC036362	NICCO CORPORATION LIMITED	Director	28/09/2010	28/11/1995	-	Active	NO
2	U91110MH1976NPL018967	ELECTRICALS CABLES DEVELOPMENT ASSOCIATION LIMITED	Director	25/09/2002	25/09/2002	-	Active	NO
3	U24239WB2006PLC107275	NICCO BIOTECH LIMITED	Additional director	16/01/2006	16/01/2006	-	Active	NO
4	U27201AS2006PLC008186	NE CABLES LIMITED	Director	20/06/2006	20/06/2006	-	Active	NO
5	U64204WB2007PLC120403	NICCO CABLES LIMITED	Director	19/11/2007	19/11/2007	-	Active	NO

Name :

Mr. Dilip Kumar Datta

Designation :

Director

Address :

CL – 222 Salt Lake, City Sector Ck Mareft, Kolkata – 700091, West Bengal, India

Date of Birth/Age :

07.09.1945

Date of Appointment :

31.03.2011

DIN No.:

00406151

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	L51909WB1916PLC002713	THE GANGES MANUFACTURING COMPANY	Director	31/07/1993	31/07/1993	-	Active	NO
2	U74140WB1986PTC041471	SAYANTAN CONSULTANTS PRIVATE LIMITED	Director	01/09/1999	01/09/1999	-	Active	NO
3	U55101WB1983PLC036362	NICCO CORPORATION LIMITED	Director	22/09/2011	31/01/2011	-	Active	NO

Name :

Mr. P S Raju

Designation :

Director

Address :

Wing – A Ground Floor, Vishwakarma Bhawant Shaheed Jeet Singh, New Delhi – 110016, India

Date of Birth/Age :

18.01.1968

Date of Appointment :

29.07.2011

Name :

Mr. Tridibesh Mukherjee

Designation :

Director

Date of Appointment :

10.08.2009

DIN No.:

00004777

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	L27310WB1990PLC050000	TATA METALIKS LIMITED	Director	26/06/1995	26/06/1995	11/01/2008	Active	NO
2	U24111JH1995PLC009020	JAMIPOL LIMITED	Director	12/10/1999	12/10/1999	28/12/2007	Active	NO
3	L27100MH1907PLC000260	TATA STEEL LIMITED	Director	28/08/2008	01/08/2000	31/03/2009	Active	NO
4	U00000WB2001PLC115841	MJUNCTION SERVICES LIMITED	Nominee director	07/01/2002	07/01/2002	29/12/2007	Active	NO
5	U63090WB2002PLC094134	TM INTERNATIONAL LOGISTICS LIMITED	Nominee director	18/01/2002	18/01/2002	29/12/2007	Active	NO
6	L24239MH1939PLC002893	TATA CHEMICALS LIMITED	Director	04/03/2002	04/03/2002	30/03/2009	Active	NO
7	U23101WB2005PLC101608	HOOGHLY MET COKE AND POWER COMPANY LIMITED	Director	10/02/2005	10/02/2005	11/01/2008	Amalgamated	NO
8	L74999WB1974PLC041725	TIL LIMITED	Director	28/07/2009	04/06/2009	-	Active	NO
9	U55101WB1983PLC036362	NICCO CORPORATION LIMITED	Director	16/09/2009	10/08/2009	-	Active	NO
10	U75142WB1967SGC026988	WEST BENGAL INDUSTRIAL DEVELOPMENT CORPN LIMITED	Additional director	30/12/2009	30/12/2009	-	Active	NO
11	L65993TN2004PLC052856	RANE (MADRAS) LIMITED	Director	19/07/2010	18/01/2010	-	Active	NO
12	L25209PN1961PLC012046	BHARAT FORGE LIMITED	Director	26/07/2010	23/01/2010	-	Active	NO
13	U29150WB1995PTC072501	TRACTORS INDIA PRIVATE LIMITED	Director	29/07/2010	30/03/2010	-	Active	NO
14	U85110KA1989PLC013224	TATA ADVANCED MATERIALS LIMITED	Director	18/08/2011	10/06/2011	-	Active	NO
15	L51109WB1974PLC029637	IFB INDUSTRIES LIMITED	Director	29/07/2011	29/07/2011	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Indranil Mitra
Designation :	Secretary
Address :	Prantik Housing EST, Block – A, Flat – 4, Co/6Z, Kolkata – 700002, West Bengal, India
Date of Birth/Age :	21.07.1977
Date of Appointment :	04.05.2011

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 31.03.2012

Category of Shareholders	No. of shares	Percentage (%)
(A) Shareholding of Promoter and Promoter Group
(1) Indian
Individuals / Hindu Undivided Family	4,737,105	4.23
Bodies Corporate	20,846,164	18.63
Sub Total	25,583,269	22.86
(2) Foreign
Total shareholding of Promoter and Promoter Group (A)	25,583,269	22.86
(B) Public Shareholding
(1) Institutions
Mutual Funds / UTI	12,321	0.01
Financial Institutions / Banks	1,448,587	1.29
Insurance Companies	1,159,674	1.04
Foreign Institutional Investors	11,761	0.01
Sub Total	2,632,343	2.35
(2) Non-Institutions
Bodies Corporate	48,366,613	43.23
Individuals
Individual shareholders holding nominal share capital up to Rs. 0.100 Million	22,672,998	20.26
Individual shareholders holding nominal share capital in excess of Rs.0.100 Million	10,327,610	9.23
Any Others (Specify)	2,309,575	2.06
Non Resident Indians	479,575	0.43
Overseas Corporate Bodies	1,830,000	1.64
Sub Total	83,676,796	74.78
Total Public shareholding (B)	86,309,139	77.14
Total (A)+(B)	111,892,408	100.00
(C) Shares held by Custodians and against which Depository Receipts have been issued	-	-
(1) Promoter and Promoter Group	-	-
(2) Public	-	-
Sub Total	-	-
Total (A)+(B)+(C)	111,892,408	-

BUSINESS DETAILS

Line of Business :

Manufacturer of Cables.

PRODUCTION STATUS AS ON 31.03.2010

Particulars	Unit	Licensed Capacity	Installed Capacity	Actual Production
Manufactured Goods	Metres	80000	80000	17896

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

· Allahbad Bank, Industrial Finance Branch, 17, R.N Mukherjee Road, 4^th Floor, Kolkata – 700001, West Bengal, India

· UCO Bank, MID Corporate Branch, 10 B.T.M Sarani, Kolkata – 700001, West Bengal, India

· State Bank of India, Stressed Assets Management Branch, Nagaland House, 8^th Floor, 11 and 13 Shakespeare Sarani, Kolkata – 700071, West Bengal, India

Facilities :

(Rs. in Millions)

Secured Loan	As on 31.03.2011	As on 31.03.2010
Non-convertible debentures secured	47.462	47.462
Rupee term loans banks secured	955.207	957.107
Working capital loans banks secured	350.324	334.076
Other debt secured	169.477	240.096
Total	1522.470	1578.741
Secured Loan	As on 31.03.2011	As on 31.03.2010
Loans subsidiaries unsecured	214.716	211.860
Deferred sales tax loan unsecured	82.500	82.500
Other debt unsecured	30.000	30.000
Total	327.216	324.360

Banking Relations :	--
Auditors :
Name :	G. Basu and Company Chartered Accountants
Address :	Basu House, 3, Chowringhee Approach, Kolkata- 700 072, West Bengal, India
PAN.:	AACFG9413D
Associates :	Nicco Engineering Services Limited, India (CIN: U74210WB2000PLC092471) Nicco Biotech Limited NE Cables Limited Nicco Cables Limited Nicco Ventures Limited, India (CIN: U64202WB2000PLC092193) Nicco Financial Services Limited, India (CIN: U65993WB1985PLC038746) Nicco Parks and Resorts Limited, India (CIN: L92419WB1989PLC046487)

CAPITAL STRUCTURE

As on 22.09.2011

Authorised Capital : Rs.890.000 Millions

Issued, Subscribed & Paid-up Capital : Rs.448.055 Millions

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
235000000	Equity Shares	Rs.2/- each	Rs.470.000 Millions
9090910	6% Optional Convertible Cumulative Preference Shares	Rs.22/- each	Rs.200.000 Millions
2200000	5% Cumulative Redeemable Preference Share	Rs.100/- each	Rs.220.000 Millions
	Total		Rs.890.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
111892408	Equity Shares	Rs.2/- each	Rs.223.785 Millions
2183000	Preference Shares	Rs.100/- each	Rs.218.300 Millions
	Total		Rs.442.085 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		442.085	407.146	399.834
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		681.082	624.661	622.945
4] (Accumulated Losses)		(1412.715)	(1258.627)	(827.059)
NETWORTH		(289.548)	(226.820)	195.720
LOAN FUNDS
1] Secured Loans		1522.470	1578.741	1566.834
2] Unsecured Loans		327.216	324.360	317.138
TOTAL BORROWING		1849.686	1903.101	1883.972
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		1560.138	1676.281	2079.692
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		929.779	1012.112	1108.582
Capital work-in-progress		4.291	1.962	1.655
INVESTMENT		172.363	175.396	215.897
DEFERREX TAX ASSETS		508.513	451.102	334.570
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	332.012	425.596	439.205
	Sundry Debtors	1206.876	1255.769	1120.596
	Cash & Bank Balances	37.125	25.841	38.279
	Other Current Assets	16.477	15.204	9.746
	Loans & Advances	161.744	207.557	302.711
Total Current Assets		1754.234	1929.967	1910.537
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	1328.230	1407.968	0.000
	Other Current Liabilities	420.638	427.636	1432.273
	Provisions	60.174	58.654	59.276
Total Current Liabilities		1809.042	1894.258	1491.549
Net Current Assets		(54.808)	35.709	418.988
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		1560.138	1676.281	2079.692

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	2899.554	3075.705	3409.620
		Other Income	81.931	42.691	12.045
		TOTAL (A)	2981.485	3118.396	3421.665
Less	EXPENSES
		Cost of Materials	1834.574	2252.371	2054.754
		Manufacturing Expenses	137.516	119.260	146.135
		Project Engineering Expenses	234.804	332.930	544.523
		Expenses on Employees	296.711	271.192	318.039
		Selling and Administration Expenses	345.075	377.200	514.232
		Miscellaneous Expenses Written Off	0.000	0.000	0.650
		TOTAL (B)	2848.680	3352.953	3578.333
Less	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		132.805	(234.557)	(156.668)
Less	FINANCIAL EXPENSES (D)		273.614	236.177	284.311
	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		(140.809)	(470.734)	(440.979)
Less/ Add	DEPRECIATION/ AMORTISATION (F)		70.592	77.366	81.664
	PROFIT/(LOSS) BEFORE TAX (E-F) (G)		(211.401)	(548.100)	(522.643)
Less	TAX (I)		0.096	(116.532)	6.504
	PROFIT/(LOSS) AFTER TAX (G-I) (J)		(211.497)	(431.568)	(529.147)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		(1258.627)	(827.059)	(297.912)
	BALANCE CARRIED TO THE B/S		(1047.226)	(1258.627)	(827.059)
	EARNINGS IN FOREIGN CURRENCY		NA	3.181	36.083
	IMPORTS
		Raw Materials	NA	16.367	29.342
		Capital Goods	NA	0.000	0.000
		Others	NA	53.664	18.134
	TOTAL IMPORTS		NA	70.031	47.476
	Earnings/Loss Per Share (Rs.)		(0.19)	(4.83)	(5.95)

QUARTERLY RESULTS

PARTICULARS	30.06.2011	30.09.2011	31.12.2011	31.03.2012
	1^st Quarter	2^nd Quarter	3^rdQuarter	4^th Quarter
Net Sales	749.100	870.000	555.100	714.900
Total Expenditure	654.700	768.800	522.600	658.800
PBIDT (Excl OI)	94.400	101.200	32.500	56.100
Other Income	8.900	4.800	2.400	7.400
Operating Profit	103.300	106.000	34.900	63.500
Interest	69.400	75.600	77.500	101.600
Exceptional Items	0.000	0.000	0.000	0.000
PBDT	33.9000	30.400	(42.600)	(38.100)
Depreciation	16.800	16.600	16.300	16.300
Profit Before Tax	17.100	13.800	(58.900)	(54.400)
Tax	5.800	8.900	0.000	(86.100)
Provisions and contingencies	0.000	0.000	0.000	0.000
Profit After Tax	11.300	4.900	(58.900)	31.700
Extraordinary Items	0.000	0.000	0.000	(105.800)
Prior Period Expenses	0.000	0.000	0.000	0.000
Other Adjustments	0.000	0.000	0.000	0.000
Net Profit	11.300	4.900	(58.900)	(105.800)

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	(7.09)	(13.84)	(15.46)
Net Profit Margin (PBT/Sales)	(%)	(7.29)	(17.82)	(15.33)
Return on Total Assets (PBT/Total Assets}	(%)	(12.05)	(18.63)	(17.31)
Return on Investment (ROI) (PBT/Networth)		(0.73)	(2.42)	(2.67)
Debt Equity Ratio (Total Liability/Networth)		(12.64)	(16.74)	17.25
Current Ratio (Current Asset/Current Liability)		0.97	1.02	1.28

LOCAL AGENCY FURTHER INFORMATION

Check List by Info Agents	Available in Report (Yes / No)
1) Year of Establishment	Yes
2) Locality of the firm	Yes
3) Constitutions of the firm	Yes
4) Premises details	No
5) Type of Business	Yes
6) Line of Business•	Yes
7) Promoter’s background	Yes
8) No. of employees	No
9) Name of person contacted	No
10) Designation of contact person	No
11) Turnover of firm for last three years	Yes
12) Profitability for last three years	Yes
13) Reasons for variation <> 20%	--
14) Estimation for coming financial year	No
15) Capital in the business	Yes
16) Details of sister concerns	Yes
17) Major suppliers	No
18) Major customers	No
19) Payments terms	No
20) Export / Import details (if applicable)	No
21) Market information	--
22) Litigations that the firm / promoter	Yes
23) Banking Details	Yes
24) Banking facility details	Yes
25) Conduct of the banking account	--
26) Buyer visit details	--
27) Financials, if provided	Yes
28) Incorporation details, if applicable	Yes
29) Last accounts filed at ROC	Yes
30) Major Shareholders, if available	No

LITIGATION DETAILS

Status of ARBITRATION PETITION (AP) 388 OF 2012

PRYSMIAN CAVI E SISTEMI ENERGIA S.R.L Vs NICCO

Pets Adv: Shardul S. Shroff

Res Adv:

Court No.: 16 Last Listed On: Monday, Julay 02, 2012

Category: No Category Mentioned

CONNECTED APPLICATION (S)	CONNECTED MATTER (S)
No Connected Application	No Connected Cases
Case Updated on; Thursday, May 17, 2012

FINANCIAL RESULTS AND APPROPRIATIONS

The Company continued to face acute shortage of working capital to be able to enhance the activity level during the year. In addition, stiff competition in cable business and execution of a few loss orders in the Project Division, the overall margin earned for the year was not adequate to register a satisfactory performance. Despite these factors the performance of the Company during the period improved compared to last year.

The Company had initiated a few measures to improve performance in the year by enhancement of productivity, cost reduction through value engineering and waste reduction and selective up-gradation of plant and machineries. These actions yielded some result. Owing to complete erosion of net worth, the Company filed Form A with BIFR under SICA and a registration number has been allotted.

MANAGEMENT DISCUSSION AND ANALYSIS REPORT

Management Discussions and Analysis Report as required under the listing Agreement with the Stock Exchange

FINANCE

While the CDR restructuring package had been implemented, as a result of factors mentioned earlier coupled with shortage of finance, prevented operations at enhanced levels. The restructuring proposal submitted to WBIDC is yet to be approved. TDB has approved a package but unfortunately it is in deviation to the CDR package. As a result of all these factors, the financial position of the Company did not improve and the shortage of working capital was a major issue during the year. Some funds were mobilized by sale of investments but the infusion was not enough to meet the requirements. As a measure of business restructuring, the Company has recently signed a definitive agreement with M/s Oriental Manufacturers Private Limited for formation of a Joint Venture Company by assigning the Project Division of the Company. Under BIFR, it is expected that the Company would be able to get an opportunity for financial restructuring with the assistance of the major lenders under an approved Scheme.

SUBSIDIARY

The notes on the Company’s subsidiary M/s Nicco Biotech Limited. may be read along with the Consolidated Financial Statements enclosed with the Accounts, prepared in accordance with Accounting Standard 21. The Company has been exempt from the provisions of Section 212(1) of the Companies Act, 1956 relating to the attachment of the accounts of its subsidiary to its Accounts. Shareholders so desiring the annual accounts of the Company’s subsidiary may obtain the same upon request. The report and accounts of the subsidiary M/s Nicco Biotech Limited. will be kept for inspection at the Company’s registered office. Further, the report and accounts of the subsidiary company

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	L55101WB1983PLC036362
Name of the company	NICCO CORPORATION LIMITED
Address of the registered office or of the principal place of business in India of the company	Nicco House, 2 Hare Street, Kolkata – 700001, West Bengal, India Email: jspaul@niccogroup.com
This form is for	Creation of charge
Type of charge	Immovable property
Particular of charge holder	Allahbad Bank, Industrial Finance Branch, 17, R.N Mukherjee Road, 4^th Floor, Kolkata – 700001, West Bengal, India Email: br.ifbkolkata@allahabadbank.in
Nature of instrument creating charge	Memorandum of entry.
Date of instrument Creating the charge	02.03.2010
Amount secured by the charge	Rs.2585.040 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest As per agreed terms and conditions as accepted by the borrower. Terms of Repayment Repayable on demand. Margin As per agreed terms and conditions as accepted by the borrower. Extent and Operation of the charge FITL, WCTL: by way of pari passu 1st charge among the consortium members. Working capital : by way of pari passu 1st charge among working capital consortium members subsequent and subservient to the mortgage/charge created or to be created by the company in favour of lic,nic,oic,nia and gic/the trustee for their respective financial assisant. Others The mortgaged properties shall be insured against loss or damage under bank clause.
Short particulars of the property or asset(s) charged (including complete address and location of the property)	(1) All those pieces and parcels of land admeasuring 20.34 acres(excluding 7195 sq.ft. exclusively mortgaged and charged in favour of hdfc for its housing loan) situated at mouza: 48 chancha Parganas mahalbhag, p.s. Baripada, dist. Mayurbhanj, orissa together with buildings, structures etc. Thereon. (2) All those several messuages, tenements dwelling house and premises known as 'ezra terrace' situated at premises no 1b,hare street(formerly 1a,1b,1c,1d,1e and 1f hare street and 7a,church lane) and more commonly known as 'nicco house' 2, hare street, containing an area of revenue redeemed land of 1 bigha 9 kottahs and 3 chittacks (1892 sq.mtrs) holding no. 11 and 12, Kolkata (3) All those pieces and parcels of land together with buildings structures thereon admeasuring 79691.95 sq.mtrs out of which the total built up area and land appurtenant to is admeasuring 60800.52 sq.mtrs situated at premises no. 70, 71, 73, 74, east ghosh para road, and 27b, new chord road, shyamnagar, p.s. jagaddal, dist. 24 pgs (n) within bhatpara municipality, west bengal

FIXED ASSETS:

• Freehold Land
• Leasehold Land
• Buildings
• Lift
• Plant and Machinery
• Weigh Bridge
• Weighing Machines
• Furniture and Fixtures
• Motor Cars / Cycles / Motor Cycles
• Trucks and Heavy Vehicles
• Railway Sidings
• Electrical Installations

WEBSITE DETAILS:

PROFILE:

The diverse and dynamic Group comprises the following companies and employs over 2000 people

Subject is the flagship company of the Nicco Group. For nearly over six decades, NCL has been one of the pioneers in the Indian cable manufacturing industry.

NCL's Cable Division produces a wide range of power cables.

NCL's Project Division is an ISO 9001 certified Engineering, Procurement and Construction (EPC) contracting company serving the refining, gas handling and processing, petrochemicals and chemical process industries.

Nicco Engineering Services Limited (NESL) was started in 1981 with On-Line Leak Sealing Services in collaboration with Furmanite International Limited. U.K. With time this division has grown up into a full fledged specialised maintenance services provider by bringing in many state-of-the-art technologies from world leaders.

Nicco Parks has three mega amusement parks in Eastern India and is looking at setting up more parks in India and emerging markets. Drawing on its core strengths in engineering design and project execution, Nicco Parks is a pioneer in designing and manufacturing rides. It has the potential and expertise of setting up parks in a cost effective turnkey basis. The company is also equipped to provide consultancy services to other oraganisations in similar business and function.

Nicco Internet Ventures Limited (NIVL) provides HR solutions including recruitment, training and psychometric testing.

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.55.36
UK Pound	1	Rs.85.94
Euro	1	Rs.67.87

INFORMATION DETAILS

Report Prepared by :

KVT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
PAID-UP CAPITAL	1~10	2
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	--
--LIQUIDITY	1~10	2
--LEVERAGE	1~10	1
--RESERVES	1~10	2
--CREDIT LINES	1~10	2
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	YES
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	YES
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		17

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.