MIRA INFORM REPORT

1. Summary Information

		Country	India
Company Name	PENNAR ENGINEERED BUILDING SYSTEMS LIMITED	Principal Name 1	Mr. Venkata Nrupender Rao Joginpally
Status	Satisfactory	Principal Name 2	Mr. Vijay Chandra Puljal
		Registration #	01-057182
Street Address	9^th Floor, (West Wing), DHFLVC Silicon Towers, Kondapur, Hyderabad – 500084, Andhra Pradesh
Established Date	17.01.2008	SIC Code	--
Telephone#	91-40-40210525	Business Style 1	Manufacturer
Fax #	91-40-40186992	Business Style 2	Exporter
Homepage	www.pebspennar.in	Product Name 1	Steel Structure and Components
# of employees	135 (Approximately)	Product Name 2	Metal Building and Building Components.
Paid up capital	Rs.250,000,000	Product Name 3	--
Shareholders	Directors or relatives of Directors - 25.20% Bodies corporate – 74.80%	Banking	State Bank of India
Public Limited Corp.	Yes	Business Period	4 Years
IPO	No	International Ins.	-
Public Enterprise	No	Rating	Ba
Related Company
Relation	Country	Company Name	CEO
Holding Company	India	PENNAR INDUSTRIES LIMITED	--
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2011		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	379,197,000	Current Liabilities	383,647,000
Inventories	441,925,000	Long-term Liabilities	571,459,000
Fixed Assets	481,972,000	Other Liabilities	33,568,000
Deferred Assets	0,000	Total Liabilities	988,674,000
Invest& other Assets	2,761,000	Retained Earnings	67,181,000
		Net Worth	317,181,000
Total Assets	1,305,855,000	Total Liab. & Equity	1,305,855,000
Total Assets (Previous Year)	828,005,000
P/L Statement as of	31.03.2011		(Unit: Indian Rs.)
Sales	1,461,193,000	Net Profit	65,034,000
Sales(Previous yr)	309,150,000	Net Profit(Prev.yr)	2,147,000

MIRA INFORM REPORT

Report Date :

20.06.2012

IDENTIFICATION DETAILS

Name :	PENNAR ENGINEERED BUILDING SYSTEMS LIMITED

Registered Office :	9^th Floor, (West Wing), DHFLVC Silicon Towers, Kondapur, Hyderabad – 500084, Andhra Pradesh

Country :	India

Financials (as on) :	31.03.2011

Date of Incorporation :	17.01.2008

Com. Reg. No.:	01-057182

Capital Investment / Paid-up Capital :	Rs.250.000 Millions

CIN No.: [Company Identification No.]	U45400AP2008PLC057182

TAN No.: [Tax Deduction & Collection Account No.]	HYDP05122F

PAN No.: [Permanent Account No.]	AAECP6047P

Legal Form :	A Closely Held Public Limited Liability Company

Line of Business :	Manufacturer, Exporter and Importer of Pre – Engineered Metal Building and Building Components.

No. of Employees :	135 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (43)

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

Maximum Credit Limit :	USD 1260000

Status :	Satisfactory

Payment Behaviour :	Usually correct

Litigation :	Clear

Comments :	Subject is an established company having satisfactory track. Trade relations are reported as fair. Business is active. Payments are reported to be usually correct and as per commitments. The company can be considered 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 – September 30, 2011

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

India

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

LOCATIONS

Registered Office :	9^th Floor, DHFLVC Silicon Towers, Kondapur, Hyderabad – 500084, Andhra Pradesh
Tel. No.:	91-40-40210525 / 26
Mobile No.:	91-9704444302 (Mr. V. Sreenivasa Rao)
Fax No.:	91-40-40186992
E-Mail :	radhika@pennarindia.com adityarao@pennarindustries.com
Website :	www.pebspennar.in

DIRECTORS

As on 30.09.2011

Name :

Mr. Venkata Nrupender Rao Joginpally

Designation :

Director

Address :

Plot No. 381, Room No. 10, Jubilee Hills, Hyderabad – 500033, Andhra Pradesh, India

Date of Birth/Age :

23.06.1945

Date of Appointment :

17.01.2008

DIN No.:

00089922

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	L27203AP1989PLC010409	PENNAR ALUMINIUM COMPANY LIMITED	Director	01-09-89	01-09-89	-	Active	NO
2	U24110AP1992PLC014629	PENNAR MANAGEMENT SERVICES LIMITED	Director	04-08-92	04-08-92	-	Active	NO
3	L27109AP1975PLC001919	PENNAR INDUSTRIES LIMITED	Whole-time director	01-04-12	23-09-95	-	Active	NO
4	U45403AP2001PTC038033	OANDS RATNA ALUMINIUM FABRICATORS PRIVATE LIMITED	Director	04-09-03	04-09-03	04-12-10	Active	NO
5	U51109AP2005PTC048190	THAPATI TRADING PRIVATE LIMITED	Director	18-03-10	25-11-05	-	Active	NO
6	U72200AP2005PTC048191	PALGUNA CONSULTANTS PRIVATE LIMITED	Director	18-03-10	25-11-05	-	Active	NO
7	U72200AP2001PLC036672	EVALUE CONSULTING LIMITED	Director	25-08-06	25-08-06	30-12-10	Active	NO
8	U45400AP2008PLC057182	PENNAR ENGINEERED BUILDING SYSTEMS LIMITED	Director	17-01-08	17-01-08	-	Active	NO
9	U74900AP2008PLC058171	PENNAR ENVIRO LIMITED	Director	14-03-08	14-03-08	-	Active	NO
10	U45400UR2010PTC033275	PENNAR BUILDING SYSTEMS PRIVATE LIMITED	Director	27-08-10	27-08-10	-	Active	NO
11	U63011AP2010PLC071184	PENNAR LOGISTICS LIMITED	Director	12-11-10	12-11-10	-	Active	NO
12	L72200AP1993PLC015737	SAVEN TECHNOLOGIES LIMITED	Director	26-09-11	22-12-10	-	Active	NO

Name :

Mr. Vijay Chandra Puljal

Designation :

Director

Address :

Flat No. 206, My Home Fern Hills Apartments, Raj Bhavan Road, Somaji Guda, Hyderabad-500 082, Andhra Pradesh, India

Date of Birth/Age :

01.03.1951

Date of Appointment :

17.01.2008

DIN No.:

00090286

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	L27109AP1975PLC001919	PENNAR INDUSTRIES LIMITED	Director	21-07-05	21-07-05	30-01-08	Active	NO
2	L27203AP1989PLC010409	PENNAR ALUMINIUM COMPANY LTD.	Director	22-09-05	22-09-05	-	Active	NO
3	U45400AP2007PTC056043	OM AVENUES PRIVATE LIMITED	Director	23-10-07	23-10-07	-	Active	NO
4	U45400AP2008PLC057182	PENNAR ENGINEERED BUILDING SYSTEMS LIMITED	Director	17-01-08	17-01-08	-	Active	NO
5	U74900AP2008PLC058171	PENNAR ENVIRO LIMITED	Director	14-03-08	14-03-08	10-08-09	Active	NO
6	U55101AP2008PTC058490	DECENT HOTELS PRIVATE LIMITED	Director	02-04-08	02-04-08	-	Active	NO
7	U24110AP1992PLC014629	PENNAR MANAGEMENT SERVICES LIMITED	Director	30-09-09	12-08-09	-	Active	NO
8	U63011AP2010PLC071184	PENNAR LOGISTICS LIMITED	Director	12-11-10	12-11-10	-	Active	NO

Name :

Mr. Aditya Narsingrao Joginapally

Designation :

Director

Address :

8-2-293/ 82/ A/ 381, 442, Plot No.381, Road No.10, Jubilee Hills, Hyderanad-500 033, Andhra Pradesh, India

Date of Birth/Age :

06.12.1981

Date of Appointment :

17.01.2008

DIN No.:

01307343

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	U24110AP1992PLC014629	PENNAR MANAGEMENT SERVICES LIMITED	Director	07-02-07	07-02-07	-	Active	NO
2	U51109AP2005PTC048190	THAPATI TRADING PRIVATE LIMITED	Director	28-09-07	20-08-07	-	Active	NO
3	U72200AP2005PTC048191	PALGUNA CONSULTANTS PRIVATE LIMITED	Director	28-09-07	20-08-07	-	Active	NO
4	U45400AP2008PLC057182	PENNAR ENGINEERED BUILDING SYSTEMS LIMITED	Director	17-01-08	17-01-08	-	Active	NO
5	L27109AP1975PLC001919	PENNAR INDUSTRIES LIMITED	Whole-time director	01-04-12	30-01-08	-	Active	NO
6	U74900AP2008PLC058171	PENNAR ENVIRO LIMITED	Director	14-03-08	14-03-08	-	Active	NO
7	U45400UR2010PTC033275	PENNAR BUILDING SYSTEMS PRIVATE LIMITED	Director	27-08-10	27-08-10	-	Active	NO
8	U63011AP2010PLC071184	PENNAR LOGISTICS LIMITED	Director	12-11-10	12-11-10	-	Active	NO

Name :

Mr. Manish Mahendra Sabharwal

Designation :

Director

Address :

48, Hatkesh Society, N.S. Road No.7, Juhu, Mumbai, Maharashtra, India

Date of Birth/Age :

29.12.1989

Date of Appointment :

09.08.2010

DIN No.:

00969601

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	U67120MH1994PTC139702	ICAP INDIA PRIVATE LIMITED	Director	16-08-99	16-08-99	-	Active	NO
2	U74140MH2000PTC124003	TEAM LEASE SERVICES PRIVATE LIMITED	Director	02-02-00	02-02-00	-	Active	NO
3	U65999AP2002PTC039682	INDIA LIFE CAPITAL PRIVATE LIMITED	Director	26-09-02	26-09-02	-	Active	NO
4	U67120KA2004PTC035115	LUPIN VENTURES PRIVATE LIMITED	Director	30-11-04	30-11-04	-	Active	NO
5	U95000KA2005PTC035405	NEEV SCHOOLS PRIVATE LIMITED	Director	10-01-05	10-01-05	-	Active	NO
6	U74910DL2006PTC146269	PEOPLE STRONG HR SERVICES PRIVATE LIMITED	Additional director	22-04-08	22-04-08	30-01-09	Active	NO
7	U74999MH2000PTC124842	BDO CONSULTING PRIVATE LIMITED	Director	25-08-08	05-05-08	06-08-10	Active	NO
8	U65923MH2010PLC199558	ICAP INSTITUTIONAL STOCK EXCHANGE OF INDIA LIMITED	Director	02-02-10	02-02-10	-	Active	NO
9	U72200MH2006PTC218082	IIJT EDUCATION PRIVATE LIMITED	Director	29-09-10	05-04-10	-	Active	NO
10	U45400AP2008PLC057182	PENNAR ENGINEERED BUILDING SYSTEMS LIMITED	Additional director	09-08-10	09-08-10	-	Active	NO
11	U74140MH2011PTC214626	TEAM LEASE CONSULTING PRIVATE LIMITED	Director	11-03-11	11-03-11	-	Active	NO
12	L27109AP1975PLC001919	PENNAR INDUSTRIES LIMITED	Director	12-09-11	22-04-11	-	Active	NO
13	U80903MH2011NPL219138	TEAMLEASE EDUCATION FOUNDATION	Director	27-06-11	27-06-11	-	Active	NO
14	U80900MH2011PTC219217	INDIA TOURISM AND HOSPITALITY SKILLS EDUCATION PRIVATE LIMITED	Director	28-06-11	28-06-11	-	Active	NO

Name :

Mr. Krishna Rao Ati

Designation :

Director

Address :

307, Classic Enclave Apartments, Punjagutta, Hyderabad-500 082, Andhra Pradesh, India

Date of Birth/Age :

16.02.1928

Date of Appointment :

01.05.2009

DIN No.:

00090662

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	L27109AP1975PLC001919	PENNAR INDUSTRIES LIMITED	Director	19-12-05	19-12-05	-	Active	NO
2	U45400AP2008PLC057182	PENNAR ENGINEERED BUILDING SYSTEMS LIMITED	Director	01-05-09	01-05-09	-	Active	NO
3	L27203AP1989PLC010409	PENNAR ALUMINIUM COMPANY LTD.	Additional director	14-02-12	14-02-12	-	Active	NO

Name :

Mr. Venkateswara Rao Potluri

Designation :

Whole Time Director

Address :

179, Ushodaya Enclave, HIG Phase II, Road No.1, Kanaka, Miyapur, Hyderabad-500 049, Andhra Pradesh, India

Date of Birth/Age :

15.08.1959

Date of Appointment :

26.05.2010

DIN No.:

03157581

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	U45400AP2008PLC057182	PENNAR ENGINEERED BUILDING SYSTEMS LIMITED	Whole-time director	01-07-10	26-05-10	-	Active	NO
2	U45400UR2010PTC033275	PENNAR BUILDING SYSTEMS PRIVATE LIMITED	Director	27-08-10	27-08-10	-	Active	NO

Name :

Mr. P. V. Rao

Designation :

Executive Director

Date of Birth/Age :

52 Years

Qualification :

Civil Engineering

Experience :

29 Years

Details of Last Employment:

Chief Operating Officer-Tata Blue Scope

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2011

Names of Shareholders		No. of Shares
Venkata Nrupender Rao Joginapally		16000
Aditya N. Rao		1515000
Pelluri Bhaskara Rao		1000
Anantha Reddy Chinthi Reddy		101000
Vijay Chandra Puljal		1000
Kuram Murali Sunil		1000
Rajya Lakshmi Rao Joginapally		1355000
Pennar Industries Limited		18500000
Avanti Rao		500000
Jayathi Puljal		90000
Bhavana Puljal		10000
Kalpana Puljal		10000
J. Nrupender Rao (HUF)		400000
Arathi		500000
P. Anasuya		300000
P. Venkateshwara Rao		300000
P. Usha Ramani		200000
Eight Capital Advisory Services Private Limited		200000
Sudeepta Rao		1000000
Total		25000000

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Bodies corporate	74.80
Directors or relatives of Directors	25.20
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer, Exporter and Importer of Pre – Engineered Metal Building and Building Components.

Products :

Product Description	Item Code (ITC No.)
Steel Structure and Components	73089090

PRODUCTION STATUS AS ON 31.03.2010

Particulars	Unit	Licensed Capacity	Installed Capacity	Actual Production
Pre Engineered Building	MT	-	7,500	5,492

GENERAL INFORMATION

No. of Employees :

135 (Approximately)

Bankers :

· State Bank of India

Industrial Finance Branch, Raj Bhavan Road, Somajiguda, Hyderabad-500 082, Andhra Pradesh, India.

Facilities :

Secured Loan	As on 31.03.2011 (Rs. in Millions)	As on 31.03.2010 (Rs. in Millions)
Rupee term loans secured	270.000	293.147
Working capital loans secured	297.881	138.711
Loans taken for fixed assets secured	1.078	0.000
Total	568.959	431.858
Note: (A) 1) Term Loan (Repayable within one year Rs.0.050 million. Term Loans are secured by in pari-passu charge on immovable properties of the company both present and future and are also secured by pari-passu charges on the movable properties of the company both present and future. 2) The loans are further secured by personal guarantee of two directors of the company and corporate guarantee given by Pennar Industries Limited. The loans are collaterally secured by 61,50,000 shares of the company issued to Pennar Industries Limited. (B) 1) Working Capital facilities from Bank are secured first charge on fixed assets, inventories and book debts both present and future. 2) The loans are further secured by personal guarantee of two directors of the company and corporate guarantee given by Pennar Industries Limited. 3) The loans are collaterally secured by 61,50,000 shares of the company issued to Pennar Industries Limited. (C) Vehicle Loan [Repayable within one year Rs.208. Vehicle Loan sanctioned by hypothecation.
Unsecured Loan	As on 31.03.2011 (Rs. in Millions)	As on 31.03.2010 (Rs. in Millions)
Rupee term loans secured	2.500	2.500
Total	2.500	2.500
Note: (A) Loan from Eight Finance Limited [Repayable within one year Rs.0.002]


Banking Relations :	--

Auditors :
Name :	Deloitte Haskins and Sells (Mr. Ganesh B.) Chartered Accountant
Address :	1-8-384 and 385, 3^rd Floor, Gowra Grand, S.P. Road, Begumpet, Secunderabad-500 003, India
PAN.:	AACFD3771D

Holding Company	Pennar Industries Limited, India CIN No.: L27109AP1975PLC001919

Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives:	Pennar Chemical Limited, India CIN No.: U24100AP2008PLC058171

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount

25,500,000	Equity Shares	Rs.10/- each	Rs.255.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

25,000,000	Equity Shares	Rs.10/- each	Rs.250.000 Millions

Note: Of the above 1,85,00,000 equity shares are held by the holding company Pennar Industries Limited.

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		250.000	250.000	0.500
2] Share Application Money		0.000	0.000	106.200
3] Reserves & Surplus		67.181	2.147	0.000
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		317.181	252.147	106.700
LOAN FUNDS
1] Secured Loans		568.959	431.858	0.000
2] Unsecured Loans		2.500	2.500	0.000
TOTAL BORROWING		571.459	434.358	0.000
DEFERRED TAX LIABILITIES		19.920	0.767	0.000

TOTAL		908.560	687.272	106.700

APPLICATION OF FUNDS

FIXED ASSETS [Net Block]		481.972	404.922	24.208
Capital work-in-progress		2.761	0.989	84.322

INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		0.000	0.000	0.000

CURRENT ASSETS, LOANS & ADVANCES
	Inventories	441.925	149.025	0.000
	Sundry Debtors	256.744	71.154	0.000
	Cash & Bank Balances	54.196	69.233	2.642
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	68.257	132.682	4.079
Total Current Assets		821.122	422.094	6.721
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	161.642	47.592	5.405
	Other Current Liabilities	222.005	91.876	2.317
	Provisions	13.648	1.265	0.829
Total Current Liabilities		397.295	140.733	8.551
Net Current Assets		423.827	281.361	(1.830)

MISCELLANEOUS EXPENSES		0.000	0.000	0.000

TOTAL		908.560	687.272	106.700

PROFIT & LOSS ACCOUNT

	PARTICULARS			31.03.2011	31.03.2010
	SALES
			Income	1461.193	309.150
			Other Income	16.778	0.950
			TOTAL (A)	1477.971	310.100

Less	EXPENSES
		Material Consumption		789.519	144.618
		Employee Related Expenses		98.357	53.232
		Manufacturing Service Costs		277.381	50.601
		Administrative and Selling Expenses		127.931	37.391
		TOTAL (B)		1293.188	285.842

Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)			184.783	24.258

Less	FINANCIAL EXPENSES (D)			67.905	16.198

	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)			116.878	8.060

Less/ Add	DEPRECIATION/ AMORTISATION (F)			20.089	4.615

	PROFIT BEFORE TAX (E-F) (G)			96.789	3.445

Less	TAX (I)			31.755	1.298

	PROFIT AFTER TAX (G-I) (J)			65.034	2.147

Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD			2.147	0.000

	BALANCE CARRIED TO THE B/S			67.181	2.147

	EARNINGS IN FOREIGN CURRENCY
			Export Earnings	0.000	69.775
			Commission Earnings	0.000	0.000
			Other Earnings	0.000	0.000
	TOTAL EARNINGS			0.000	69.775

	IMPORTS			0.000
			Raw Materials	0.000	11.242
			Stores & Spares	0.000
			Capital Goods	0.000	63.275
	TOTAL IMPORTS			0.000	74.517

	Earnings Per Share (Rs.)			2.60	0.16

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	4.40	0.69	-

Net Profit Margin (PBT/Sales)	(%)	6.62	1.11	-

Return on Total Assets (PBT/Total Assets}	(%)	7.43	0.42	-

Return on Investment (ROI) (PBT/Networth)		0.30	0.01	-

Debt Equity Ratio (Total Liability/Networth)		3.05	2.28	0.08

Current Ratio (Current Asset/Current Liability)		2.07	3.00	0.78

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	Yes
9) Name of person contacted	No
10) Designation of contact person	No
11) Turnover of firm for last two years	Yes
12) Profitability for last two 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	--
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

Note: The Registered Address of the company has been shifted from 305, Saptagiri Towers, Begumpet, Hyderabad – 500 016, Andhra Pradesh, India to the present address w.e.f. 24.03.2009.

Bankers Charges Report as per Registry

Corporate identity number of the company	U45400AP2008PLC057182
Name of the company	PENNAR ENGINEERED BUILDING SYSTEMS LIMITED
Address of the registered office or of the principal place of business in India of the company	9^TH Floor, DHFLVC Silicon Towers, Kondapur, Hyderabad-500 084, Andhra Pradesh, India Email: radhika@pennarindia.com
This form is for	Modification of charge
Charge identification (ID) number of the charge to be modified	10169469
Type of charge	Immovable Property
Particular of charge holder	State Bank of India, Industrial Finance Branch, Raj Bhavan Road, Somajiguda, Hyderabad-500 082, Andhra Pradesh, India Email: sa.09103@sbi.co.in
Nature of instrument creating or modifying the charge	Memorandum of recording extension on mortgage by deposit of title deeds.
Date of instrument Creating or modifying the charge	13.02.2012
Amount secured by the charge	Rs.895.200 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest As per agreement Terms of Repayment As per agreement Margin As per agreement Extent and operation of the charge As per agreement
Short particulars of the property or asset(s) charged (including complete address and location of the property)	(i)Primary Security: Working Capital facilities 1.First pari passu charge on all present and future current assets of the company along with Axis Bank. (ii) 2. Term Loan: First pari passu charge on AC 25.21 ½ guntas under sy no. 88 to 92 (part) of Ankanapally village and sy nos. 144 and 145 (part) of Chandapur Village, Sadasivpet mandal, Medak District. (iii) with 1,40,000 square feet of build up area of factory sheds belonging to PEBSL along with Axis Bank. (iv) Collateral Security: Working Capital facilities 1.Second charge on current assets on pari passu basis with Axis Bank together with interest, additional interest, compound interest, liquidated damages, premia on prepayment or on redemption, costs. (v) 2. Second charge on Current assets on pari passu basis with Axis Bank together with interest, additional interest, compound interest, liquidated damages, premia on prepayment or on redemption, costs, (vi) charges, expenses and other moneys payable by borrower to lenders respectively under their respective heads of agreement/letters of sanction/memorandum of terms and conditions as amended.
Date of instrument modifying the charge	05.06.2010
Particulars of the present modification	The company has provided extra security as per memorandum of entry.

PERFORMANCE:

The company recorded sales of Rs.1650.000 Millions during the financial year ending 31^st March 2011. The value of the orders secured to date is in excess of Rs.4000.000 millions and others have been obtained from reputed customers across a wide number of sectors viz. Ultratech Cements, Dr. Reddy’s Labs, Proctor and Gamble, My Home Cements, Larsen and Toubro, Godreg and Boyce, Schneider Electric, Bosch, ABB, ACCIL, HCC, Thermax, Indian Logistics, etc. The company has also exported its products to Tanzania, Angola and Zambia in Africa.

With a strong team and excellent credentials, PEBS Pennar has bagged some of the most prestigious and complex projects in the country such as the 99m (o/o) clear span building for Ultratech Cements Limited, one of the first in the country with such a large clar span and the G+5 building for Bharat Biotech International Limited. PEBS Pennar has also ventured into structural steel with orders from companies like Hindustan Construction Company for Aditya Birla Smelter Plant in Orissa. These projects stand as a testimony to PEBS Pennar’s capabilities and core competencies.

The projects executed by the company have been well accepted by the customers and the company is confident of future growth in the first 12 months operating period from April 2011 to March 2012.

The company has become a member of the Indian Green Building Council. Due to various factors such as inherent design optimization, special reflective roof panel coatings, decreased raw material usage and other factors the company can offer LEED points under the Green Building Council’s LEED© 2.0 rating system. The company intends to offer turn-key building solutions to our customers.

ISO 9001-2008 was obtained within six months from the start of implementation.

FM Approval: A quality approval system for Double Lok® roofing system a\was obtained.

IGBC Gold Rating – Indian Green Congress has audited their factory and awarded the Gold Rating. Theirs is the first factory in India to be rated under Gold Category.

EXPANSION:

The company completed the expansion of capacity at Sadashivpet plant to 60,000 MT. The company is in the process of extending the sales network all over India.

FUTURE OUTLOOK:

The Indian economy has experienced a decade of unprecedented growth. Current macroeconomic indicators suggest that the impact of global economic recession of 2008-2009 notwithstanding, several of the core sectors such as infrastructure, industry and logistic are poised to achieve high rates of growth over the next decade. Thus, the company expects to see a continuing rise in the demand for pre-engineered building systems in India.

FIXED ASSTES:

· Land

· Building (Factory and Others)

· Plant and Machinery

· Office Equipments

· Computer

· Vehicles

· Furniture

· Licence Fee

PRESS RELEASE AS ON 27.02.2012

Pennar Engineered Building Systems Limited receives 2 Prestigious Orders Worth Rs.130.000 Millions:

Hyderabad, India, February 27, 2012 – Pennar Engineered Building Systems Limited (PEBS Pennar), a

subsidiary of Pennar Industries Limited, announces receipt of 2 prestigious orders worth Rs.130.000 Millions:

1) Order from Continental India Limited., a subsidiary of Continental AG (Germany) for supply and installation of three buildings at their tyres manufacturing plant in Meerut (Uttar Pradesh). The project will cover an area of 10,640 sqm and will use the PEBS Pennar’s 100% leak proof Double-Lok® roofing system. Larsen and Toubro (IES) is the consultant for this project. The project is to be completed in 5 months.

2) Order from Utkal Green Energy Limited for supply and installation of three buildings for their upcoming plant at Choudwar (Cuttack, Orissa) for manufacturing of Ash Based Light Weight Aggregates. The project will cover an area of 5,093 sqm.

Commenting on this development, Mr. P V Rao, Executive Director of PEBS Pennar said:

“PEBS Pennar is pleased to announce receipt of 2 new orders worth Rs.130.000 Millions, which takes the total order intake for the month to Rs.350.000 Millions and total order book to Rs. 2300.000 Millions. As a result of continuous execution of projects in a timely and cost efficient manner, we have built a strong relationship with big infrastructure players like Larsen and Toubro. They have trust and confidence in our products and quality which will help the Company to maintain its robust growth prospects in long term.”

PEBS Pennar: Fact Sheet

PEBS Pennar, a subsidiary of the Rs.13700.000 MIllions Pennar Industries Limited, was set up with a vision of being one of the most preferred producers of high quality Pre-Engineered buildings. The growth story began in 2008 when PEBS Pennar set up a world class manufacturing facility near Hyderabad (Sadashivpet, Medak District) with an initial manufacturing capacity of 30,000 metric tonnes per annum (MTPA). To meet the increasing demand and to stand by its commitment of delivering high quality products, the manufacturing capacity was expanded to 60,000 MTPA. The Company further expanded this capacity by an additional 6,000 MTPA in late 2011. With modern technology and high precision equipment sourced from leading suppliers all over the world, the Company’s manufacturing facility is one of the best in the country.

PEBS Pennar has developed blue chip customer base across various industry verticals. Customers include Larsen and Toubro, Procter and Gamble, ITC Nepal, Dr. Reddy’s Laboratories, HCC, My Home Industries, Schneider Electric, Bosch and Thermax. The various industry verticals include Pharma, Steel, Logistics, Cement, Defence, Structural Steel, Textile, Railways, Tobacco, Automotive, Glass, Sugar, Heavy Manufacturing, Electrical and Electronics, Power, Agro and Aluminum.

PEBS Pennar is the first company in India to receive the prestigious Gold Rating from the Indian Green Building Council for its practices complying with Green Building Technology. PEBS Pennar is one of the pioneer companies to offer comprehensive solutions for LEED compliance for Green Buildings.

PEBS Pennar also received the ISO 9001:2008 certification and PEBS Pennar’s flagship product DOUBLE – LOK® in technical association with NCI Group USA, received the highly acclaimed FM Approval in India.

PEBS Pennar completed its first financial year with revenue of Rs.1660.000 Millions, EBIDTA of Rs.185.000 Millions and a Profit After Tax of Rs.65.000 Millions. This is a phenomenal achievement for a Pre- Engineered Buildings company in its first fully operational year.

PEBS Pennar’s expansion plans include the setting up of a manufacturing facility in North India to cater to the North Indian markets.

With a strong and dedicated team, market focus, diversified market penetration strategies and firm growth strategy in place, PEBS Pennar is expected to achieve revenues of Rs.2500.000 Millions in FY2012 and has projected revenues of Rs.5000.000 Millions by FY2014.

Safe Harbour:

This release contains statements that contain “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to PEBS Pennar’s future business developments and economic performance. While these forward looking statements indicate our assessment and future expectations concerning the development of our business, a number of risks, uncertainties and other unknown factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to, general market, macroeconomic, governmental and regulatory trends, movements in currency exchange and interest rates, competitive pressures, technological developments, changes in the financial conditions of third parties dealing with us, legislative developments, and other key factors that could affect our business and financial performance. PEBS Pennar undertakes no obligation to publicly revise any forward looking statements to reflect future / likely events or circumstances.

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.55.85
UK Pound	1	Rs.87.93
Euro	1	Rs.70.88

INFORMATION DETAILS

Report Prepared by :

DPTP

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	4
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		43

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.

MIRA INFORM REPORT

441.925

256.744

54.196

0.000

68.257

821.122

161.642

222.005

13.648

397.295

423.827

4.40

6.62

7.43

0.30

3.05

2.07

Unit