MIRA INFORM REPORT

Report Date :

27.07.2012

IDENTIFICATION DETAILS

Name :	DALMIA CEMENT (BHARAT) LIMITED (w.e.f. 31.12.2010)
Formerly Known As :	AVNIJA PROPERTIES LIMITED
Registered Office :	Dalmiapuram Disttiruchirappalli - 621651, Tamil Nadu
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	04.07.1996
Com. Reg. No.:	18-035963
Capital Investment / Paid-up Capital :	Rs.2529.190 Millions
CIN No.: [Company Identification No.]	U65191TN1996PLC035963
TAN No.: [Tax Deduction & Collection Account No.]	CHEA164105E CHEA16419E
PAN No.: [Permanent Account No.]	AADCA9414C
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer of Cement.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (46)

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

Maximum Credit Limit :	USD 104000000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track. The company has recorded minimal loss during 2011. However, trade relations are reported as decent. Business is active. Payments are reported to be usually correct. The company can be considered normal for 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 – June 30, 2012

Country Name	Previous Rating (31.03.2012)	Current Rating (30.06.2012)
India	A1	A1

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

EXTERNAL AGENCY RATING

Rating Agency Name	ICRA
Rating	AA-
Rating Explanation	High degree of safety

RBI DEFAILTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAILTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

LOCATIONS

Registered Office / Works 1 :	Dalmiapuram Disttiruchirappalli - 621651, Tamil Nadu, India
Tel. No.:	91-4329-235144 and 235166
Fax No.:	91-4329-235122
E-Mail :	KVMohan@dalmiacement.com r.guru@dalmiacement.com s.natarajam@dalmiacement.com s.ranjith@dalmiacement.com dal_ref@satyam.net.in
Website :	http://www.dalmiacement.com
Corporate Office :	4, Scindia House, Connaught Place, New Delhi-110001, India
Tel No.:	91-11-23457100
E-mail id :	dalmiarf@eth.net
Works 2 :	Jam-Khambalia, District Jamnagar - 361 305,Gujarat, India
Tel. No.:	91-2833-234027 – 234112
Fax No.:	91-2833-234038
E-Mail :	snccilkbl@sify.com
Works 3 :	Plot No. 6,7,8,11,12,13, Phase-111, Lamtara Industrial Area, Lamtara, Katni- 483501 Madhya Pradesh, India
Tel. No.:	91-7622-220059
Fax No.:	91-7622-266306
Works 4 :	Survey No. 117/2 and 118/1 Near Wankaner Railway Station Hasan Par Village, Rajkot – 363621, Gujarat, India
Tel. No.:	91-2828-220552

DIRECTORS

As on 08.08.2011

Name :	Mr. Sanjay Omprakash Nayar
Designation :	Director
Address :	9, the Rushilla Co-operative Housing Society, 17/C, Carmichael Road, Mumbai – 400026, Maharashtra, India
Date of Birth/Age :	13.10.1960
Qualification :	Mechanical Engineer, MBA(Finance)
Date of Appointment :	03.09.2010
DIN No.:	00002615

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	U65990MH1984PLC033929	TCS E-SERVE LIMITED	Nominee director	30/10/2001	30/10/2001	1/1/2009	Active	NO
2	U65900MH1997FLC109170	CITICORP FINANCE (INDIA) LIMITED	Director	20/12/2001	20/12/2001	31/01/2009	Active	NO
3	U67120MH2002PLC136776	CITICORP CAPITAL MARKETS LIMITED	Director	8/8/2002	8/8/2002	27/02/2009	Active	NO
4	U72200MH2004PLC148615	WIPRO TECHNOLOGY SERVICES LIMITED	Director	15/09/2004	15/09/2004	20/01/2009	Active	NO
5	U80101MH2002NPL136300	PRATHAM EDUCATION FOUNDATION	Director	1/8/2005	1/8/2005	-	Active	NO
6	U63090MH2005PLC157251	CITICORP CLEARING SERVICES INDIA LIMITED	Director	10/11/2005	10/11/2005	31/01/2009	Active	NO
7	U45201DL2005PTC142019	VALLEYVIEW PROBUILD PRIVATE LIMITED	Director	23/10/2006	23/10/2006	-	Active	NO
8	U80100AP1997NPL036631	INDIAN SCHOOL OF BUSINESS	Director	11/11/2006	11/11/2006	-	Active	NO
9	U67190MH2009FTC189794	KKR INDIA ADVISORS PRIVATE LIMITED	Director	22/01/2009	22/01/2009	-	Active	NO
10	U67190TN1995PTC030045	KKR INDIA FINANCIAL SERVICES PRIVATE LIMITED	Director	24/09/2010	23/12/2009	1/3/2011	Active	NO
11	U70102DL2010PTC198190	HERITAGE VIEW DEVELOPERS PRIVATE LIMITED	Director	20/01/2010	20/01/2010	-	Active	NO
12	U65923MH2007PLC168721	GRAMEEN CAPITAL INDIA LIMITED	Additional director	26/02/2010	26/02/2010	-	Active	NO
13	U55101KA2008PTC046866	COFFEE DAY RESORTS PRIVATE LIMITED	Nominee director	30/03/2010	30/03/2010	-	Active	NO
14	U85110KA1993PLC015001	AMALGAMATED BEAN COFFEE TRADING COMPANY LIMITED	Director	30/06/2010	7/6/2010	-	Active	NO
15	U65191TN1996PLC035963	DALMIA CEMENT (BHARAT) LIMITED	Director	8/8/2011	3/9/2010	-	Active	NO
16	U10300DL2007PLC171250	DALMIA CEMENT VENTURES LIMITED	Director	24/09/2010	3/9/2010	-	Active	NO
17	U64201DL2006PLC156038	BHARTI INFRATEL LIMITED	Nominee director	22/07/2011	31/01/2011	-	Active	NO
18	L51504WB1978PLC031813	MAGMA FINCORP LIMITED	Director	12/7/2012	1/7/2011	-	Active	NO
19	U40101DL2005PLC138906	AVANTHA POWER AND INFRASTRUCTURE LIMITED	Director	1/11/2011	8/8/2011	-	Active	NO
20	U80904MH2011NPL222392	PRATHAM INSTITUTE FOR LITERACY EDUCATION AND VOCATIONAL TRAINING	Director	26/09/2011	26/09/2011	-	Active	NO

Name :	Mr. Jai Hari Dalmia
Designation :	Director
Address :	1, Tees January Marg, New Delhi – 110011, India
Date of Birth/Age :	18.09.1944
Qualification :	B.E.(Electrical), Masters' In Electrical Engineering
Date of Appointment :	15.11.2010
DIN No.:	00009717

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	U74899DL1974PTC007157	KAVITA TRADING AND INVESTMENT COMPANY PRIVATE LIMITED	Director	22/03/1974	22/03/1974	-	Active	NO
2	L74899DL1944PLC000759	ALIROX ABRASIVES LIMITED	Director	14/05/1978	14/05/1978	-	Active	NO
3	U65993DL1982PLC182919	MAYUKA INVESTMENT LIMITED	Director	7/9/1992	7/9/1992	-	Active	NO
4	U65993DL1974PLC007130	SITA INVESTMENT COMPANY LIMITED	Director	8/10/1992	8/10/1992	-	Active	NO
5	U74899DL1972PTC006238	RAMA INVESTMENT CO PRIVATE LIMITED	Director	30/09/1997	30/09/1997	-	Active	NO
6	L26942TN1951PLC000640	DALMIA BHARAT SUGAR AND INDUSTRIES LIMITED	Managing director	1/4/2012	1/4/2007	-	Active	NO
7	U10300DL2007PLC171250	DALMIA CEMENT VENTURES LIMITED	Additional director	20/10/2009	20/10/2009	24/05/2010	Active	NO
8	U24233DL2007PLC166943	DALMIA SUGAR VENTURES LIMITED	Director	30/08/2010	27/10/2009	-	Active	NO
9	U65191TN1996PLC035963	DALMIA CEMENT (BHARAT) LIMITED	Director	8/8/2011	15/11/2010	-	Active	NO
10	L40109TN2006PLC058818	DALMIA BHARAT ENTERPRISES LIMITED	Managing director	1/4/2011	11/2/2011	-	Active	NO

Name :	Mr. Gautam Dalmia
Designation :	Managing director
Address :	1, Tees January Marg, New Delhi – 110011, India
Date of Birth/Age :	14.01.1968
Qualification :	B.S. And M.S Degrees In Electrical Engineering
Date of Appointment :	09.02.2011
DIN No.:	00009758

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	U74899DL1974PTC007157	KAVITA TRADING AND INVESTMENT COMPANY PRIVATE LIMITED	Director	21/10/1995	21/10/1995	-	Active	NO
2	U45203DL1994PLC116832	ISHITA PROPERTIES LIMITED	Director	16/12/1998	16/12/1998	1/2/2010	Active	NO
3	U85110MH1998PLC226134	INDUS-LEAGUE CLOTHING LIMITED	Director	17/04/1999	17/04/1999	21/11/2011	Active	NO
4	U74899DL1972PTC006238	RAMA INVESTMENT COMPANY PRIVATE LIMITED	Director	18/08/1999	18/08/1999	-	Active	NO
5	U65993DL1974PLC007130	SITA INVESTMENT COMPANY LIMITED	Director	28/10/2000	28/10/2000	-	Active	NO
6	L67120WB1980PLC032522	KANODIA COMMERCIAL LIMITED	Director	16/05/2001	16/05/2001	-	Amalgamated	NO
7	U72200TN2002PTC049583	MOBIUS KNOWLEDGE SERVICES PRIVATE LIMITED	Director	28/09/2007	12/12/2006	-	Active	NO
8	L26942TN1951PLC000640	DALMIA BHARAT SUGAR AND INDUSTRIES LIMITED	Managing director	16/01/2012	16/01/2007	-	Active	NO
9	U10300DL2007PLC171250	DALMIA CEMENT VENTURES LIMITED	Director	25/09/2008	19/02/2008	-	Active	NO
10	U65191TN1996PLC035963	DALMIA CEMENT (BHARAT) LIMITED	Managing director	9/2/2011	9/2/2011	-	Active	NO
11	L40109TN2006PLC058818	DALMIA BHARAT ENTERPRISES LIMITED	Director	26/08/2011	11/2/2011	-	Active	NO

Name :	Mr. Yadu Hari Dalmia
Designation :	Director
Address :	18, Golf Links, New Delhi – 110003, India
Date of Birth/Age :	02.06.1947
Qualification :	B.Com (H), FCA
Date of Appointment :	09.02.2011
DIN No.:	00009800

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	U74899DL1972PTC006238	RAMA INVESTMENT COMPANY PRIVATE LIMITED	Director	5/8/1972	5/8/1972	-	Active	NO
2	U74899DL1974PTC007151	PUNEET TRADING AND INVESTMENT COMPANY PRIVATE LIMITED	Director	22/03/1974	22/03/1974	-	Active	NO
3	U65993DL1982PLC182919	MAYUKA INVESTMENT LIMITED	Director	7/9/1992	7/9/1992	-	Active	NO
4	L26942OR1949PLC000185	OCL INDIA LIMITED	Director	17/05/2005	17/05/2005	14/05/2008	Active	NO
5	L26942TN1951PLC000640	DALMIA BHARAT SUGAR AND INDUSTRIES LIMITED	Managing director	16/01/2012	16/01/2007	-	Active	NO
6	U65191TN1996PLC035963	DALMIA CEMENT (BHARAT) LIMITED	Director	8/8/2011	9/2/2011	-	Active	NO
7	L40109TN2006PLC058818	DALMIA BHARAT ENTERPRISES LIMITED	Managing director	11/2/2011	11/2/2011	-	Active	NO

Name :	Mr. Nagarajan Gopalaswamy
Designation :	Director
Address :	Flat CI, 5A, Ramachan Drapuram, Tennur, Tiruchipalli – 420017, Tamilnadu, India
Date of Birth/Age :	06.02.1932
Qualification :	B.Sc, B.E. (Chemical)
Date of Appointment :	09.02.2011
DIN No.:	00017659

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	L26942TN1951PLC000640	DALMIA BHARAT SUGAR AND INDUSTRIES LIMITED	Director	25/07/2008	1/8/1989	15/12/2011	Active	NO
2	L24117RJ1991PLC006307	PODDAR PIGMENTS LIMITED	Director	1/7/1994	1/7/1994	-	Active	NO
3	L24297TN1973PLC006372	SHRI NATARAJ CERAMIC AND CHEMICAL INDUSTRIES LIMITED	Director	30/04/1999	30/04/1999	-	Active	NO
4	U14107TN2006PLC058816	SRI SUBRAMANYA MINES AND MINERALS LIMITED	Director	10/2/2006	10/2/2006	-	Active	NO
5	U14107TN2006PLC058820	SRI SWAMINATHA MINES AND MINERALS LIMITTED	Director	10/2/2006	10/2/2006	-	Active	NO
6	U14107TN2006PLC058817	SRI SHANMUGHA MINES AND MINERALS LIMITED	Director	10/2/2006	10/2/2006	-	Active	NO
7	U40109TN2006PLC058819	DCB POWER VENTURES LIMITED	Director	10/2/2006	10/2/2006	-	Active	NO
8	L40109TN2006PLC058818	DALMIA BHARAT ENTERPRISES LIMITED	Director	10/2/2006	10/2/2006	-	Active	NO
9	U65993TN1987PLC014964	INTEGRATED ENTERPRISES (INDIA) LIMITED	Director	24/04/2009	24/04/2009	-	Active	NO
10	U65191TN1996PLC035963	DALMIA CEMENT (BHARAT) LIMITED	Director	8/8/2011	9/2/2011	-	Active	NO

Name :	Mr. Puneet Yadu Dalmia
Designation :	Managing director
Address :	18, Golf Links, New Delhi – 110003, India
Date of Birth/Age :	15.10.1972
Qualification :	B.Tech, MBA
Date of Appointment :	09.02.2011
DIN No.:	00022633

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	U29191TN1992PTC022512	DALMIA ELECTRODYN TECHNOLOGIES PRIVATE LIMITED	Director	20/04/1992	20/04/1992	24/08/2011	Active	NO
2	U74899DL1974PTC007151	PUNEET TRADING AND INVESTMENT COMPANY PRIVATE LIMITED	Director	27/07/1998	27/07/1998	28/04/2012	Active	NO
3	U72900DL1999PLC100440	ZIPAHEAD.COM LIMITED.	Director	29/06/1999	29/06/1999	-	Active	NO
4	U74899DL1972PTC006238	RAMA INVESTMENT COMPANY PRIVATE LIMITED	Director	23/08/1999	23/08/1999	-	Active	NO
5	U65993WB1983PLC035766	ANKITA PRATISTHAN LIMITED	Director	11/5/2001	11/5/2001	-	Active	NO
6	U74899DL2000PTC103127	NETCARROTS COM PRIVATE LIMITED	Director	1/11/2002	1/11/2002	31/08/2007	Active	NO
7	U67190MH2004PLC150329	KSHITIJ INVESTMENT ADVISORY COMPANY LIMITED	Director	23/02/2005	23/02/2005	6/12/2007	Active	NO
8	L26942TN1951PLC000640	DALMIA BHARAT SUGAR AND INDUSTRIES LIMITED	Managing director	16/01/2012	16/01/2007	-	Active	NO
9	U10300DL2007PLC171250	DALMIA CEMENT VENTURES LIMITED	Director	25/09/2008	19/02/2008	-	Active	NO
10	L26942OR1949PLC000185	OCL INDIA LIMITED	Director	22/09/2008	15/05/2008	-	Active	NO
11	U65191TN1996PLC035963	DALMIA CEMENT (BHARAT) LIMITED	Managing director	9/2/2011	9/2/2011	-	Active	NO
12	L40109TN2006PLC058818	DALMIA BHARAT ENTERPRISES LIMITED	Director	26/08/2011	11/2/2011	-	Active	NO
13	U65991TN2007PLC064133	TVS CAPITAL FUNDS LIMITED	Director	27/09/2011	15/02/2011	-	Active	NO
14	U67100DL2011PLC214079	NEW HABITAT HOUSING FINANCE AND DEVELOPMENT LIMITED	Additional director	11/3/2011	11/3/2011	20/06/2012	Active	NO
15	U60300DL2012PTC236924	DALMIA BHARAT LOGISTICS PRIVATE LIMITED	Director	4/6/2012	4/6/2012	-	Active	NO

Name :	Mr. Venkatesan Thyagarajan
Designation :	Director
Address :	S Krishna Kutira, 11/4, Aharrington Road, Chetpet, Chennai – 600031, Tamilnadu, India
Date of Birth/Age :	04.10.1952
Qualification :	B.A. (Economics), FCA
Date of Appointment :	10.02.2011
DIN No.:	00124050

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	U31300TN2001PLC069645	VEDANTA ALUMINIUM LIMITED	Director	7/2/2006	7/2/2006	19/12/2006	Active	NO
2	L26942TN1951PLC000640	DALMIA BHARAT SUGAR AND INDUSTRIES LIMITED	Director	29/10/2010	1/11/2007	-	Active	NO
3	U40109TN2006PLC058819	DCB POWER VENTURES LIMITED	Director	25/08/2011	1/9/2010	-	Active	NO
4	U65191TN1996PLC035963	DALMIA CEMENT (BHARAT) LIMITED	Managing director	8/8/2011	1/9/2010	-	Active	NO

Name :	Mr. Ghyanendra Nath Bajpai
Designation :	Director
Address :	131, Shan Apartments, KD Marg, Prabhadevi, Mumbai – 400028, Maharashtra, India
Date of Birth/Age :	06.07.1942
Qualification :	B.Com(H), L.L.B. and M.Com
Date of Appointment :	09.02.2011
DIN No.:	00946138

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	U32202DL1986PTC024575	INFOMERICS VALUATION AND RATING PRIVATE LIMITED	Director	17/03/2005	17/03/2005	-	Active	NO
2	U74999MH2003PTC139774	INVENT ASSETS SECURITISATION AND RECONSTRUCTION PRIVATE LIMITED	Director	26/05/2005	26/05/2005	-	Active	NO
3	U74100MH2005PTC154587	INTUIT CONSULTING PRIVATE LIMITED	Director	7/7/2005	7/7/2005	-	Active	NO
4	U72200MH2005PTC153209	EPITOME GLOBAL SERVICES PRIVATE LIMITED	Director	23/12/2005	23/12/2005	18/09/2008	Active	NO
5	U66010MH2006PLC165288	FUTURE GENERALI INDIA LIFE INSURANCE COMPANY LIMITED	Director	23/11/2007	16/03/2007	-	Active	NO
6	U66030MH2006PLC165287	FUTURE GENERALI INDIA INSURANCE COMPANY LIMITED	Director	23/11/2007	16/03/2007	-	Active	NO
7	L17120MH1984PLC033553	MANDHANA INDUSTRIES LIMITED	Director	16/05/2007	16/05/2007	-	Active	NO
8	U74899DL2001NPL109345	INTERNATIONAL DEVELOPMENT ENTERPRISES (INDIA)	Director	25/06/2007	25/06/2007	-	Active	NO
9	U45201DL2005PLC133161	EMAAR MGF LAND LIMITED	Director	24/09/2007	19/09/2007	24/04/2012	Active	NO
10	L65191KL1927PLC000307	DHANLAXMI BANK LIMITED	Director	7/5/2008	26/09/2007	-	Active	NO
11	L29120MH2005PLC156795	FUTURE CAPITAL HOLDINGS LIMITED	Director	14/08/2008	27/09/2007	-	Active	NO
12	U72900MH2002PTC134544	APNAPAISA PRIVATE LIMITED	Director	24/07/2008	22/10/2007	-	Active	NO
13	L07010KA2004PLC033412	NITESH ESTATES LIMITED	Director	30/09/2008	29/11/2007	-	Active	NO
14	U67190MH2005PLC157444	FUTURE CAPITAL INVESTMENT ADVISORS LIMITED	Director	31/07/2008	4/1/2008	25/05/2010	Amalgamated	NO
15	U67190MH2004PLC150329	KSHITIJ INVESTMENT ADVISORY COMPANY LIMITED	Director	21/07/2008	4/1/2008	25/05/2010	Active	NO
16	L67120MH1996PLC192090	FUTURE VENTURES INDIA LIMITED	Director	30/09/2008	20/02/2008	-	Active	NO
17	U67190MH2005PTC155404	INVENT ARC PRIVATE LIMITED	Director	24/09/2008	16/05/2008	-	Active	NO
18	L26942TN1951PLC000640	DALMIA BHARAT SUGAR AND INDUSTRIES LIMITED	Director	25/07/2008	22/05/2008	2/2/2011	Active	NO
19	L85110KA1995PLC018045	KINGFISHER AIRLINES LIMITED	Director	26/12/2008	15/10/2008	9/1/2012	Active	NO
20	U74899DL2000PLC103606	SHRIRAM NEW HORIZONS LIMITED	Director	30/09/2010	23/10/2009	-	Active	NO
21	U65922DL1988PLC033856	PNB HOUSING FINANCE LIMITED	Director	9/12/2009	9/12/2009	-	Active	NO
22	L31400WB1986PLC091621	USHA MARTIN LIMITED	Director	27/07/2010	18/03/2010	-	Active	NO
23	U65933MH1991PLC192261	FUTURE FINANCE LIMITED	Additional director	26/07/2010	26/07/2010	23/08/2010	Active	NO
24	U00000DL2000PLC104823	MICROMAX INFORMATICS LIMITED	Director	27/09/2011	21/09/2010	-	Active	NO
25	L74999MH1908PLC000291	WALCHANDNAGAR INDUSTRIES LIMITED	Director	10/2/2011	27/12/2010	-	Active	NO
26	U65191TN1996PLC035963	DALMIA CEMENT (BHARAT) LIMITED	Director	8/8/2011	9/2/2011	-	Active	NO
27	U80302AP2002NPL039397	INSTITUTE OF INSURANCE AND RISK MANAGEMENT	Additional director	24/10/2011	24/10/2011	-	Active	NO
28	L01551KA1999PLC024991	UNITED SPIRITS LIMITED	Additional director	20/01/2012	20/01/2012	-	Active	NO

Name :	Mr. Asanka Haren Edirimuni Rodrigo
Designation :	Director
Address :	4202, 42 Floor, Planet Godrej Tower, 2 S, Compound, K K Marg, Jacob Circle, Saat Rasta, Mahalaxmi, Mumbai – 400011, Maharashtra, India
Date of Birth/Age :	12.02.1971
Date of Appointment :	20.05.2011
DIN No.:	03010463

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	L26942TN1951PLC000640	DALMIA BHARAT SUGAR AND INDUSTRIES LIMITED	Alternate director	18/03/2010	18/03/2010	1/6/2011	Active	NO
2	U65191TN1996PLC035963	DALMIA CEMENT (BHARAT) LIMITED	Director	8/8/2011	20/05/2011	-	Active	NO
3	L40109TN2006PLC058818	DALMIA BHARAT ENTERPRISES LIMITED	Alternate director	26/05/2011	26/05/2011	7/11/2011	Active	NO
4	U34102MH1999PTC123296	ENDURANCE TECHNOLOGIES PRIVATE LIMITED (CN)	Nominee director	22/12/2011	22/12/2011	-	Active	NO

Name :	Mr. Rajeev Gupta
Designation :	Additional director
Address :	Krishna Kutir, Ground Floor, 28 Union Park, Khar, Mumbai – 400052, Maharashtra, India
Date of Birth/Age :	19.03.1958
Date of Appointment :	08.08.2011
DIN No.:	00241501

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	L92114DL1976PLC008355	COSMO FILMS LIMITED	Director	19/02/2002	19/02/2002	-	Active	NO
2	U74140MH2000PTC167855	CARLYLE INDIA ADVISORS PRIVATE LIMITED	Managing director	15/07/2005	15/07/2005	1/1/2011	Active	NO
3	U27100PB2010PLC033930	VARDHMAN SPECIAL STEELS LIMITED	Director	23/07/2011	15/03/2011	-	Active	NO
4	U36101MH2000PLC129024	BP ERGO LIMITED	Director	16/08/2011	12/5/2011	-	Active	NO
5	U65191TN1996PLC035963	DALMIA CEMENT (BHARAT) LIMITED	Additional director	8/8/2011	8/8/2011	-	Active	NO
6	U65991TN2007PLC064133	TVS CAPITAL FUNDS LIMITED	Additional director	11/11/2011	11/11/2011	-	Active	NO

KEY EXECUTIVES

Name :	Ms. Manisha Bansal
Designation :	Secretary
Address :	D-254, First Floor, Anand Vihar, Delhi – 110092, India
Date of Birth/Age :	04.08.1976
Date of Appointment :	08.08.2011
PAN No.:	AQJPB3538K

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 08.08.2011

Names of Shareholders	No. of Shares
Dalmia Bharat Enterprises Limited, India	214999994
Sundaresan S.	1
Sundararaj V.	1
Gopal V. K.	1
Gururajan R.	1
Ganesan M.	1
Santhanam N.	1
KKR Mauritius Cement Investment Limited, India	37919005
Total	252919005

As on 08.08.2011

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	14.99
Bodies corporate	85.01
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Cement.

PRODUCTION STATUS

As on 31.03.2011

Particulars	Unit	Licensed Capacity	Installed Capacity*	Actual Production
Cement	(‘000 Tonnes)	N.A.	8200.00	4666.57

Note:

*Stock received as per Scheme of Arrangement as on April 1, 2010

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

· Punjab National Bank, 74, Janpath, New Delhi - 110001, India

· IDBI Bank Limited, 3^rd Floor, IRCS, Building1, Red Cross Road, New Delhi – 110001, India

· Axis Bank Limited, Trishul 39rd Floor, Opposite Samartheshwar Temple, Law Garden Ellisbridge, Ahmedabad- 380006, Gujarat, India

Facilities :

Secured Loan	As on 31.03.2011 (Rs. in Millions)	As on 31.03.2010 (Rs. in Millions)
Non-Convertible Debentures Secured	2800.000	0.000
Rupee Term Loans Banks Secured	12138.430	0.000
Rupee Term Loans Others Secured	2562.000	0.000
Working Capital Loans Banks Secured	261.380	0.000
Total	17761.810	0.000

Notes:

(A) 1) Debentures referred to in A above to the extent of: i) Series XA and XB Rs. 800.000 Million (-) are secured by a first pari-passu charge on whole of the movable and immovable properties (except book debts) of Cement unit at Dalmiapuram and redeemable in three yearly instalments in the ratio of 30:30:40 commencing from Decemeber 17, 2012. ii) Series XI Rs. 500.000 Million (-) are secured by a first pari-passu charge on all the movable and immovable properties of Cement unit at Dalmiapuram (except stock and book debts) and redeemable in three yearly instalments in the ratio of 30:30:40 commencing from May 15, 2013. iii) Series XI A Rs. 500.000 Million (-) are secured by a first pari-passu charge on all the movable and immovable properties of Cement Unit at Dalmiapuram (except stock and book debts) and redeemable in three yearly instalments in the ratio of 30:30:40 commencing from October 15, 2013. iv) Series XIII Rs. 1000.000 Million (-) are secured by a first pari-passu charge on the Immovable properties of Cement unit at Dalmiapuram and redeemable in three yearly equal instalments commencing from May 08, 2014.

(B) 2) Term Loans from Banks referred to in B (i) above to the extent of : i) Rs. 10035.000 Million (-) are secured by exclusive first charge on land and building and hypothecation of all the fixed assets of Cement units at Cuddapah and Ariyalur excluding assets charged to working capital lenders and Vertical roller mills and other machineries and equipments for projects at Cuddapah and Ariyalur acquired under foreign currency loan. ii) Rs.603.430 Million (-) are secured by way of exclusive charge on Vertical roller mills and other machineries and equipments for projects at Cuddapah and Ariyalur acquired through this loan. The Loan has been availed in foreign currency. iii) Rs. 1500.000 Million (-) is secured by a subservient charge on the assets of Cement division.

(C) Term Loan from others referred to in B (ii) above are secured by a first pari-passu charge on the movable and immovable properties of Cement unit at Dalmiapuram.

(D) Working capital loans are secured by hypothecation of inventories and other assets in favour of the participating Banks ranking pari-passu on inter-se-basis.

Unsecured Loan	As on 31.03.2011 (Rs. in Millions)	As on 31.03.2010 (Rs. in Millions)
Rupee Term Loans Others Unsecured	788.130	7.500
Fixed Deposits Unsecured	262.910	0.000
Total	1051.040	7.500

(A) Includes from Directors CY 2010-11 Rs.2.550 Millions

Banking Relations :	--
Auditors 1 :
Name :	S. R. Batliboi and Company Chartered Accountants
Address :	Golf View Corporate Tower B, Sector 42, Sector Road, Gurgaon-122 002, Haryana, India
PAN No.:	AALFS0506L
Auditors 2 :
Name :	S.S. Kothari Mehta and Company Chartered Accountants
Address :	146-149, Tribhuvan Complex, Ishwar Nagar, New Delhi-110065, India
PAN No.:	AABFS6730L
Holding Company :	· Dalmia Bharat Enterprises Limited CIN NO.: L40109TN2006PLC058818
Fellow subsidiaries :	· Dalmia Power Limited · Kanika Investment Limited CIN NO.: U65993TN1979PLC050181
Subsidiaries of the Company :	· Arjuna Brokers and Minerals Limited CIN NO.: U67200TN2005PLC057329 · Dalmia Cement Ventures Limited CIN NO.: U10300DL2007PLC171250 · D.I. Properties Limited CIN NO.: U65993TN1996PLC035964 · Dalmia Minerals and Properties Limited CIN NO.: U14107TN2005PLC057327 · Geetee Estates Limited CIN NO.: U65993TN1996PLC035965 · Hemshila Properties Limited CIN NO.: U65191TN1996PLC035962 · Ishita Properties Limited CIN NO.: U45203DL1994PLC116832 · Shri Radha Krishna Brokers and Holdings Limited CIN NO.: U67200TN2005PLC057330 · Shri Rangam Properties Limited CIN NO.: U65993TN1997PLC037308 · Sri Dhandauthapani Mines and Minerals Limited CIN NO.: U14107TN2006PLC061254 · Sri Madhusudana Mines and Properties Limited CIN NO.: U14105TN2006PLC061260 · Sri Shanmugha Mines and Minerals Limited CIN NO.: U14107TN2006PLC058817 · Sri Subramanya Mines and Minerals Limited CIN NO.: U14107TN2006PLC058816 · Sri Swaminatha Mines and Minerals Limited CIN NO.: U14107TN2006PLC058820 · Sri Trivikrama Mines and Properties Limited CIN NO.: U14102TN2006PLC061212
Step down Subsidiaries of Dalmia Cement Ventures Limited :	· Golden Hills Resort Private Limited CIN NO.: U55101RJ2003PTC018766 · Rajputana Properties Private Limited CIN NO.: U45201RJ2008PTC025767
Step down Subsidiaries of Dalmia Minerals and Properties Limited :	· Cosmos Cements Limited CIN NO.: U26959ML2007PLC008279 · Sutnga Mines Private Limited CIN NO.: U13209ML2007PTC008281
Associate of the Company:	· OCL India Limited CIN NO.: L26942OR1949PLC000185 · DCB Power Ventures Limited CIN NO.: U40109TN2006PLC058819
Joint Ventures :	· Khappa Coal Company Private Limited CIN NO.: U10100MH2009PTC191907
Related Parties :	· Dalmia Bharat Sugar And Industries Limited CIN NO.: L26942TN1951PLC000640 · Dalmia Solar Power Limited CIN NO.: U40102TN2005PLC057328 · Himshikhar Investment Limited CIN NO.: U67190TN1997PLC038989 · Keshav Power Limited CIN NO.: U40105DL2004PLC181613 · Shri Nataraj Ceramic and Chemical Industries Limited CIN NO.: L24297TN1973PLC006372 · Rama Investment Company Private Limited · Puneet Trading and Investment Company Private Limited · Kavita Trading and Investment Company Private Limited · Sita Investment Company Limited · Mayuka Investment Limited · Ankita Pratisthan Limited · Himgiri Commercial Limited · Valley Agro Industries Limited · Shri Chamundeswari Minerals Limited · Shree Nirman Limited · Keshav Power Private Limited · Avanee and Ashni Securities Private Limited · ZipAhead.Com Limited · Alirox Abrasives Limited · Sukeshi Trust · Vaidehi Trust · Sumana Trust · Shrutipriya Dalmia Trust · Priyang Trust · Avanee Trust · Raghu Hari Dalmia Parivar Trust · Dalmia Sugar Ventures Limited · New Habitat Housing Finance and Development Limited

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
300000000	Equity Shares	Rs.10/- each	Rs.3000.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
252919005	Equity Shares	Rs.10/- each	Rs.2529.190 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		2529.190	2150.000	1500.000
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		23417.850	42.420	45.226
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		25947.040	2192.420	1545.226
LOAN FUNDS
1] Secured Loans		17761.810	0.000	0.000
2] Unsecured Loans		1051.040	7.500	0.000
TOTAL BORROWING		18812.850	7.500	0.000
DEFERRED TAX LIABILITIES		419.600	0.000	0.000
TOTAL		45179.490	2199.920	1545.226
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		30939.300	0.000	8.075
Capital work-in-progress		341.950	0.000	0.000
INVESTMENT		6721.960	1631.090	1535.337
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	2669.340	0.000	0.000
	Sundry Debtors	904.330	0.000	0.000
	Cash & Bank Balances	3762.150	2.120	1.811
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	2635.350	567.360	24.840
Total Current Assets		9971.170	569.480	26.651
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	2078.180	0.010	0.005
	Other Current Liabilities	626.600	0.000	0.004
	Provisions	90.110	0.640	24.828
Total Current Liabilities		2794.890	0.650	24.837
Net Current Assets		7176.280	568.830	1.814
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		45179.490	2199.920	1545.226

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	16604.820	0.000	0.000
		Other Income	451.130	6.050	23.934
		TOTAL (A)	17055.950	6.050	23.934
Less	EXPENSES
		Consumption Materials Changes Inventories	2502.990	0.000	0.132
		Manufacturing Service Costs	8569.840	0.000
		Employee Related Expenses	755.420	0.000
		Administrative Selling Other Expenses	1589.970	7.570
		TOTAL (B)	13418.220	7.570	0.132
Less	PROFIT / (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		3637.730	(1.520)	23.802
Less	FINANCIAL EXPENSES (D)		1707.510	0.000	0.000
	PROFIT / (LOSS)BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		1930.220	(1.520)	23.802
Less/ Add	DEPRECIATION/ AMORTISATION (F)		1539.860	0.000	0.000
	PROFIT / (LOSS)BEFORE TAX (E-F) (G)		390.360	(1.520)	23.802
Less	TAX (H)		426.560	1.280	6.486
	PROFIT / (LOSS) AFTER TAX (G-H) (I)		(36.200)	(2.800)	17.316
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	97.310	0.000	0.000
	TOTAL EARNINGS		97.310	0.000	0.000
	Earnings / (Loss) Per Share (Rs.)		(0.15)	(0.02)	0.12

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	(0.021)	(46.28)	72.35
Net Profit Margin (PBT/Sales)	(%)	2.35	0.00	0.00
Return on Total Assets (PBT/Total Assets}	(%)	0.95	(0.27)	(68.54)
Return on Investment (ROI) (PBT/Networth)		0.02	0.00	0.02
Debt Equity Ratio (Total Liability/Networth)		0.83	0.00	0.02
Current Ratio (Current Asset/Current Liability)		3.57	876.12	1.07

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	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 involved in	--
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	Yes
31]	PAN of Director, if available	No
32]	Passport No of Director, if available	No
33]	Voter ID No of Director, if available	No

SCHEME OF ARRANGEMENT AND HOLDING COMPANY

Pursuant to the Scheme of Arrangement between Dalmia Bharat Sugar and Industries Limited (formerly known as Dalmia Cement (Bharat) Limited, Dalmia Bharat Enterprises Limited, the Company and DCB Power Ventures Limited, which was approved by the Madras High Court by its Order dated 29-7-2010 was made effective on 1-9-2010, the entire issue, subscribed and paid up capital being held by Dalmia Bharat Sugar and Industries Limited stood transferred and vested in Dalmia Bharat Enterprises Limited making the Company a Subsidiary of Dalmia Bharat Enterprises Limited. Further, in terms of the said Scheme, the Cement business carried out in the name and style of Dalmia Cement also stood transferred and vested in the Company with effect from the appointed date, viz., 1-4-2010. The results for the year ended 31-3-2011 are, therefore, not comparable with that of the immediately preceding year.

CHANGE IN NAME

In terms of Special Resolution passed by the Members at the Extra Ordinary General Meeting of the Company held on 29 th December, 2010 and Central Government approval dated 31 st December, 2010, the name of the Company was changed from Avnija Properties Limited to subject.

BUSINESS PERFORMANCE

The Indian economy had a robust growth of 8.5% in FY 11, though there are signs of growth rate slowing down, with Q4 growth of only 7.8%. Inflation at about 9% for FY-11, continues to be a matter of concern, particularly with food inflation also high, necessitating tightening of monitory policy by RBI and resulting in increase in interest rates. However, with expected normal monsoons, the Government expects inflation to be moderate in the coming months. Fiscal deficit figures for FY-11, have been somewhat better than originally budgeted, and the Government expects to keep the same at 4.6% of GDP in FY-12. The Government appears to be trying to strike a delicate balance between growth and controlling inflation, with tilt towards the latter. Slowing of the growth rate could adversely impact the Government revenues, thus impacting the fiscal deficit. Oil and energy prices continue to rise globally, which could further impact fiscal deficit, with increased subsidy burden. Though world economy is gradually coming out of the downturn, the situation in developed countries, continues to be fluid. Further, the Chinese economy, faced with inflation, is also slowing down, with growth rate sliding to single digit level. These factors could possibly impact commodity prices globally. Despite the above challenges, it is expected that, Indian economy would continue to grow at about 8.5%.

During FY-11, the all India domestic consumption of cement grew by about 6% reaching 210 Mn.T, as against 5 years CAGR of 9%. Empirically, there is evidence of correlation between the GDP growth rate and the cement consumption growth of 1.2x. During the year, about 25 Mn.T of new capacity were added. With this addition to capacity, the aggregate addition of cement manufacturing capacity over the last 3 years is about 105 Mn.T, which when compared with the increase in consumption of cement by 45 Mn.T, has resulted in a significant demand/supply mismatch. The exports of clinker/cement declined by about 10% to 5 Mn.T.

During FY-11 total consumption in South (including Maharashtra) grew, just by 2% reaching 83 MT as compared to 5 years CAGR of 10%. While TN and Kerala, which are our main markets, grew by 3%, AP had a negative growth of 15%. During the year about 15 MT of new capacity were added in South. Thus during last 3 years about 54 MT of new capacity were created, against consumption increase of only about 12 MT. Though in short term demand / supply mismatch poses challenges, in our opinion long term outlook for the industry should be good. Robust GDP growth, expected high infrastructure spending, should result in good demand for cement, driven by housing and commercial space needs.

The investment in infrastructure in India has increased from 5% of the gross domestic product (GDP) in 2002-03 to 6% last fiscal. It is expected to touch 10% of GDP in the 12th Five Year Plan (2012-2017). There is a considerable hike in Government focus on investment in infrastructure which is visible through announcement of following Government initiatives:

· Opening up a number of infrastructure sectors to private players

· Promoting investment in the sector by private players by permitting FDI

· Huge spending on projects like the National Highway Development Project

· National Maritime Development Programme

· Metro in urban areas through PPP

· Adding 1,00,000 MW in Power sector

The Indian cement industry should be prepared to participate in such growth opportunity. What may appear overcapacity today, is actually a solid foundation for tomorrow. One needs to also factor in the surplus disposable money reaching the urban employed class. Its impact on housing sector will be significant.

CONTINGENT LIABILITY:

(Rs. In Millions)

Particulars	31.03.2011	31.03.2010
Claims against the Company not acknowledged as debts	620.490	0.000
Guarantees/Counter Guarantees given to banks on account of loans given by the banks to Bodies Corporate	14.700	0.000
Demand raised by custom, excise, entry tax, service tax and sales tax authorities in dispute	959.010	0.000

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	U65191TN1996PLC035963
Name of the company	Dalmia Cement (Bharat) Limited
Address of the registered office or of the principal place of business in India of the company	Dalmiapuram Disttiruchirappalli – 621651, Tamil Nadu, India E-mail id : KVMohan@dalmiacement.com
This form is for	Modification of charge
Charge identification (ID) number of the charge to be modified	10239189
Type of charge	Book debts Movable property (not being pledge)
Particular of charge holder	Punjab National Bank, 74, Janpath, New Delhi – 110001, India E-mail Id : bo031@pnb.co.in
Nature of instrument creating charge	Joint charge created under deed of hypothecation on 20.01.2012. On the cement units of the company in favour of consortium of banks to secure the working capital facilities of Rs.9112.500 Millions in aggregate sanctioned to the company.
Date of instrument Creating the charge	20.01.2012
Amount secured by the charge	Rs.9112.500 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest Interest shall be chargeable as per the terms of respective sanctions of the banks under consortium. Terms of Repayment As per the particulars mentioned in the joint deed of hypothecation dated 20.01.2012 executed by subject. Margin As per the particulars mentioned in the joint deed of hypothecation dated 20.01.2012 executed by subject. Extent and Operation of the charge The charge operates as security, interalia, for the due repayment of the working capital facilities of Rs. 9112.500 Millions together with all interest at the agreed rates and other monies to the consortium lenders on first pari passu charge basis as per the joint deed of hypothecation dated 20.01.2012 executed by subject. The security created will be a continuing security. Others As per the particulars mentioned in the joint deed of hypothecation dated 20.01.2012 executed by subject.
Short particulars of the property or asset(s) charged (including complete address and location of the property)	First pari passu charge by way of hypothecation of stock of raw materials, (semi-finished and finished goods) and book debts, both present and future of the company's Cement Units at Dalmiapuram, Ariyalur and Kadapa as mentioned in the joint deed of hypothecation dated 20.01.2012.
Date of instrument modifying the charge	01.09.2010
Particulars of the present modification	The charge of working capital limits stands modified in terms of the deed of hypothecation dated 20.01.2012 executed by the company in favour of the member banks of the consortium to the extent of Rs. 9112.500 Millions.

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.55.95
UK Pound	1	Rs.86.56
Euro	1	Rs.67.95

INFORMATION DETAILS

Report Prepared by :

BSN

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	-
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	5
--RESERVES	1~10	6
--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		46

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.