MIRA INFORM REPORT

Report Date :

28.06.2012

IDENTIFICATION DETAILS

Name :	MY HOME INDUSTRIES LIMITED
Formerly Known As :	MY HOME CEMENT INDUSTRIES LIMITED (w.e.f. 26.02.1998) DEVI CEMENTS LIMITED
Registered Office :	9^th Floor, Block-3, My Home Hub, Madhapur, Hyderabad - 500 081, Andhra Pradesh
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	05.09.1984
Com. Reg. No.:	01-004951
Capital Investment / Paid-up Capital :	Rs. 591.256 Millions
CIN No.: [Company Identification No.]	U26942AP1984PLC004951
TAN No.: [Tax Deduction & Collection Account No.]	HYDM01472C
PAN No.: [Permanent Account No.]	AABCM9480C
Legal Form :	A Closely held public limited liability company.
Line of Business :	Subject is engaged in the business of manufacturing and selling cement, clinker and other allied building material products
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

A (62)

RATING		STATUS	PROPOSED CREDIT LINE
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large

Maximum Credit Limit :	USD 52000000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is a well established and a reputed company having fine track. Financial position of the company appears to be sound. Trade relations are reported as fair. Business is active. Payments are reported to be regular and as per commitments. The company can be considered 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 – September 30, 2011

Country Name	Previous Rating (30.09.2011)	Current Rating (31.12.2011)
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/ Corporate Office :	9^th Floor, Block-3, My Home Hub, Madhapur, Hyderabad - 500 081, Andhra Pradesh, India
Tel. No.:	91- 40-66929696
Fax No.:	91- 40-23118000/ 66929797/ 98
E-Mail :	cs@myhomegroup.in readymix@myhomegroup.in
Website :	http://www.myhomeindustries.com
Unit :	Patancheru Readymix and Brick Plant, Plot No. 56, Industrial Park, Phase-II, Patancheru, Medak District – 502 319
Tel. No.:	91-8455-200043

DIRECTORS

AS ON 15.09.2011

Name :

Mr. Jupally Rameswar Rao

Designation :

Chairman and Managing Director

Address :

Plot No. 56, 8-2-696/M/3, Road No. 12, Banjara Hills, Hyderabad - 500034, Andhra Pradesh, India

Date of Birth/Age :

16.09.1955

Qualification :

DHMS

Experience :

26 Years

Date of Appointment :

12.06.1995

DIN No.:

00177012

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	U67120AP1986PTC006887	J. R. REALTOR SERVICES PRIVATE LIMITED	Director	03-06-91	03-06-91	-	Amalgamated	NO
2	U45200AP1992PTC015115	MY HOME CONSTRUCTIONS PRIVATE LIMITED	Director	05-10-09	10-12-92	-	Active	NO
3	U01120AP1994PTC017162	J.B.M.GARDENS PRIVATE LIMITED	Director	12-01-95	12-01-95	-	Active	NO
4	U45400AP1995PTC020135	MADHUBALA ENTERPRISES PRIVATE LIMITED	Director	26-04-95	26-04-95	-	Active	NO
5	U27109AP1995PTC020136	RANJITH INDUSTRIES PRIVATE LIMITED	Director	26-04-95	26-04-95	-	Active	NO
6	U45200AP1995PTC020143	VINOD REAL ESTETES PRIVATE LIMITED	Director	27-04-95	27-04-95	-	Amalgamated	NO
7	U26942AP1984PLC004951	MY HOME INDUSTRIES LIMITED	Whole-time director	01-04-11	12-06-95	-	Active	NO
8	U24111AP1988PLC009231	ANDHRA PRADESH GAS POWER CORPORATION LIMITED	Director	16-03-01	16-03-01	-	Active	NO
9	U23200AP1998PLC029720	MY HOME POWER LIMITED	Director	13-04-01	13-04-01	-	Active	NO
10	U74140AP2003PLC042017	MY HOME POWER CONSULTANCY SERVICES LIMITED	Director	06-11-03	06-11-03	30-06-10	Active	NO
11	U45200AP2000PTC034861	PVR CONSTRUCTIONS PRIVATE LIMITED	Director	24-09-05	24-09-05	-	Active	NO
12	U74140AP2006PLC050677	MY HOME CONSULTANCY SERVICES LIMITED	Director	20-07-06	20-07-06	02-06-10	Active	NO
13	U45400AP2007PTC055516	MY HOME HOLDINGS PRIVATE LIMITED	Director	13-09-07	13-09-07	-	Active	NO
14	L27109AP1975PLC001919	PENNAR INDUSTRIES LIMITED	Additional director	30-10-08	30-10-08	08-01-09	Active	NO
15	U40102AP2008PLC061147	THEJA ENERGY LIMITED	Additional director	30-09-09	30-09-09	-	Amalgamated	NO
16	U45200AP2010PTC068976	JUPALLY BUILDERS AND DEVELOPERS PRIVATE LIMITED	Director	16-06-10	16-06-10	-	Active	NO

Name :

Mr. Jupally Ranjith Rao

Designation :

Managing Director

Address :

Plot No. 56, 8-2-696/M/3, Road No. 12, Banjara Hills, Hyderabad - 500034, Andhra Pradesh, India

Date of Birth/Age :

17.06.1984

Qualification :

B.E (Mechanical and I.P.E), M.Sc. Manchester (U.K)

Experience :

3 Years

Date of Appointment :

25.04.2008

DIN No.:

00460713

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	U70102AP2005PTC045955	22ND CENTURY INFRASTRUCTURE AND PROJECTS PRIVATE LIMITED	Director	21-04-05	21-04-05	-	Active	NO
2	U70102AP2005PTC046082	J.S.K. ENTERPRISES PRIVATE LIMITED	Director	02-05-05	02-05-05	-	Active	NO
3	U01122AP2000PTC034863	ELEGANT AGROTECH PRIVATE LIMITED	Director	27-09-05	27-09-05	25-09-09	Active	NO
4	U45200AP2007PTC055464	VYATH NETRONICS PRIVATE LIMITED	Director	11-09-07	11-09-07	25-03-08	Strike off	NO
5	U45400AP2007PTC055516	MY HOME HOLDINGS PRIVATE LIMITED	Director	13-09-07	13-09-07	-	Active	NO
6	U72200AP2007PTC055498	MY HOME INFOWAYS PRIVATE LIMITED	Director	13-09-07	13-09-07	-	Active	NO
7	U26942AP1984PLC004951	MY HOME INDUSTRIES LIMITED	Managing director	01-04-11	25-04-08	-	Active	NO
8	U01119AP2010PTC067442	J.J.R. RESORTS PRIVATE LIMITED	Director	09-03-10	09-03-10	-	Active	NO
9	U27109AP1995PTC020136	RANJITH INDUSTRIES PRIVATE LIMITED	Additional director	31-03-11	31-03-11	-	Active	NO
10	U45209AP2012PTC080084	RANJITH CONSTRUCTIONS PRIVATE LIMITED	Director	02-04-12	02-04-12	-	Active	NO

Name :

Mr. Kenneth Mcknight

Designation :

Director

Address :

Apartment 32, The Crescent, Fortfield Square, Terenure, Dublin, Ireland

Date of Birth/Age :

24.09.1953

Date of Appointment :

22.05.2008

DIN No.:

02183183

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	Company/ LLP Status	Defaulting status
1	U26942AP1984PLC004951	MY HOME INDUSTRIES LIMITED	Director	04-09-08	22-05-08	Active	NO
2	U74999MH2008FTC185825	CRH INDIA MANAGEMENT SERVICES PRIVATE LIMITED	Director	13-08-08	13-08-08	Active	NO

Name :

Mr. Sambasiva Rao Sangu

Designation :

Whole-time director

Address :

Plot No.174/A, MLA Colony, Road No.12, Banjara Hills, Hyderabad-500 034, Andhra Pradesh, India

Date of Birth/Age :

15.07.1951

Qualification :

B.Com, FCA

Experience :

35 Years

Date of Appointment :

07.08.1999

DIN No.:

00228018

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	Company/ LLP Status	Defaulting status
1	U26942AP1984PLC004951	MY HOME INDUSTRIES LIMITED	Whole-time director	01-04-11	07-08-99	Active	NO
2	U23200AP1998PLC029720	MY HOME POWER LIMITED	Director	24-03-04	24-03-04	Active	NO

Name :

Mr. Vidya Sagar Narang

Designation :

Whole-time director

Address :

Flat No.410, Vayu Block, My Home Navadweepa Apartments, Madhapur, Hyderabad-500 081, Andhra Pradesh, India

Date of Birth/Age :

29.03.1944

Qualification :

B.Tech (Electrical) IIT (Kanpur)

Experience :

46 Years

Date of Appointment :

07.08.1999

DIN No.:

00240229

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	Company/ LLP Status	Defaulting status
1	U74140AP1995PTC021621	MASTER CONSULTANCY AND PRODUCTIVITY PRIVATE LIMITED	Director	07-06-99	07-06-99	Active	NO
2	U26942AP1984PLC004951	MY HOME INDUSTRIES LIMITED	Whole-time director	01-04-11	07-08-99	Active	NO
3	U40102AP2008PLC061147	THEJA ENERGY LIMITED	Additional director	30-09-09	30-09-09	Amalgamated	NO

Name :

Mr. John Oliver Mahon

Designation :

Director

Address :

32, Westbury Drive, Lulan, Co Dublin, Ireland.

Date of Birth/Age :

08.07.1968

Date of Appointment :

10.07.2009

DIN No.:

02716616

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	Company/ LLP Status	Defaulting status
1	U26942AP1984PLC004951	MY HOME INDUSTRIES LIMITED	Director	07-09-10	10-07-09	Active	NO
2	U74999MH2008FTC185825	CRH INDIA MANAGEMENT SERVICES PRIVATE LIMITED	Director	18-11-09	18-11-09	Active	NO

Name :

Mr. Vineet Kapur

Designation :

Whole-time director

Address :

Villa No. 266, Indu fortune Fields KPHP Colony, Opposite Hi-Tech Railway Station, Hyderabad – 500 072, Andhra Pradesh, India

Date of Birth/Age :

04.10.1974

Date of Appointment :

30.06.2011

DIN No.:

03039473

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	U74999HR1992FLC036104	CARRIER AIRCONDITIONING AND REFRIGERATION LIMITED	Whole-time director	14-09-10	02-06-10	07-03-11	Active	NO
2	U26942AP1984PLC004951	MY HOME INDUSTRIES LIMITED	Whole-time director	15-09-11	30-06-11	-	Active	NO

Name :

Mr. Jupally Ramu Rao

Designation :

Whole-time director

Address :

8-2-696/M/3, Plot No.56, Road No.12, Banjara Hills,Hyderabad-500 034, Andhra Pradesh, India

Date of Birth/Age :

30.07.1986

Date of Appointment :

03.04.2010

DIN No.:

00460735

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	U01119AP2005PTC045954	22ND CENTURY AGROTECH PRIVATE LIMITED	Director	21-04-05	21-04-05	-	Active	NO
2	U70102AP2005PTC046085	MADHUBALA RESORTS AND DEVELOPERS PRIVATE LIMITED	Director	02-05-05	02-05-05	-	Active	NO
3	U01122AP2000PTC034862	SPAN AGROTECH PRIVATE LIMITED	Director	26-09-05	26-09-05	24-09-09	Active	NO
4	U45200AP2007PTC055464	VYATH NETRONICS PRIVATE LIMITED	Director	11-09-07	11-09-07	25-03-08	Strike off	NO
5	U45400AP2007PTC055516	MY HOME HOLDINGS PRIVATE LIMITED	Director	13-09-07	13-09-07	-	Active	NO
6	U51909AP1995PTC020144	J.B.M. EXPORTS PRIVATE LIMITED	Director	25-03-08	25-03-08	-	Active	NO
7	U40102AP2008PLC061147	THEJA ENERGY LIMITED	Director	01-12-09	22-09-08	-	Amalgamated	NO
8	U23200AP1998PLC029720	MY HOME POWER LIMITED	Director	20-09-10	23-12-09	-	Active	NO
9	U74900AP2010PTC067495	J.R.R. EXPORTS PRIVATE LIMITED	Director	11-03-10	11-03-10	-	Active	NO
10	U26942AP1984PLC004951	MY HOME INDUSTRIES LIMITED	Whole-time director	01-04-11	03-04-10	-	Active	NO
11	U01119AP2010PTC071075	VINOD HORTICULTURE PRIVATE LIMITED	Director	03-11-10	03-11-10	-	Active	NO
12	U01119AP2010PTC071073	BSR AGROS PRIVATE LIMITED	Director	03-11-10	03-11-10	-	Active	NO
13	U01119AP2010PTC071226	VINOD AGROTECH PRIVATE LIMITED	Director	15-11-10	15-11-10	-	Active	NO
14	U01119AP2010PTC071314	BSR HORTICULTURE PRIVATE LIMITED	Director	22-11-10	22-11-10	-	Active	NO
15	U27109AP1995PTC020136	RANJITH INDUSTRIES PRIVATE LIMITED	Additional director	31-03-11	31-03-11	-	Active	NO
16	L27109AP1975PLC001919	PENNAR INDUSTRIES LIMITED	Director	12-09-11	22-04-11	-	Active	NO
17	U45400AP2012PTC080083	RANJITH HOUSING AND CONSTRUCTIONS PRIVATE LIMITED	Director	02-04-12	02-04-12	-	Active	NO
18	U45209AP2012PTC080330	RANJITH PROPERTY DEVELOPERS PRIVATE LIMITED	Director	16-04-12	16-04-12	-	Active	NO

Name :

Mr. Richard Michael Cunningham

Designation :

Director

Address :

24 La Touche park, Greystones, Co Wicklow, NA, Ireland

Date of Birth/Age :

23.03.2010

Date of Appointment :

23.03.2010

DIN No.:

02585392

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	Company/ LLP Status	Defaulting status
1	U26942AP1984PLC004951	MY HOME INDUSTRIES LIMITED	Director	07-09-10	23-03-10	Active	NO

Name :

Mr. Parthasarathy Gopalan

Designation :

Additional director

Address :

5F Block 1 Abbutsbury Appartment, 42 C P Ramasamy Road Alwarpet, Chennai - 600018, Tamilnadu, India

Date of Birth/Age :

15.09.1968

Qualification :

ACA, PGDBA

Experience :

20 Years

Date of Appointment :

30.03.2012

DIN No.:

01769831

Other Directorship:

S.No.	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	CIN/LLPIN	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	FORD INDIA PRIVATE LIMITED	Whole-time director	U34103TN2000PTC045537	16-07-07	16-07-07	04-06-09	Active	NO
2	THIRDWARE SOLUTION LIMITED	Alternate director	U72900MH1995PLC089765	26-12-08	26-12-08	14-08-09	Active	NO
3	MY HOME INDUSTRIES LIMITED	Additional director	U26942AP1984PLC004951	30-03-12	25-08-09	-	Active	NO
4	THEJA ENERGY LIMITED	Additional director	U40102AP2008PLC061147	30-09-09	30-09-09	-	Amalgamated	NO
5	CRH INDIA MANAGEMENT SERVICES PRIVATE LIMITED	Additional director	U74999MH2008FTC185825	13-12-11	13-12-11	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Muralidhara Rao Boyanapalli
Designation :	Secretary
Address :	Plot No.1/1, House No. 13-1-67, Murty Mansion, Flat No. 403, Moti Nagar, Hyderabad - 500 018, Andhra Pradesh, India
Date of Birth/Age :	21.08.1970
Date of Appointment :	04.05.2006
PAN No.:	AENPB6173N

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 15.09.2011

Names of Shareholders	No. of Shares	Percentage of Holding
My Home Constructions Private Limited, India	23729974	40.13
Madhubala Investments Private Limited, India	3783436	6.40
Ranjith lndustries Private Limited, India	804600	1.36
J.B.M.Agros International Private Limited, India	729000	1.23
J.B.M.Gardens Private Limited, India	510811	0.87
Rameswar Rao J.	5000	0.01
CRH lndia Investments B.V. , India	29562821	50
Total	59125642	100.00

AS ON 15.09.2011

Equity Share Breakup	Percentage of Holding
Category
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others]	50.00
Bodies corporate	49.99
Directors or relatives of directors	0.01
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged in the business of manufacturing and selling cement, clinker and other allied building material products

Products :

ITC Code	Product Descriptions
38245010	Ready Mix Concrete
252329	Cement
252310	Clinker
681599	Bricks

PRODUCTION STATUS AS ON (31.03.2011)

Particulars	Unit	Registered Capacity	Installed Capacity	Actual Production
Mellacheruvu
Unit I	MT	825,000	825,000	615,779
Unit II	MT	1,015,000	1,015,000	692,575
Unit III	MT	1,360,000	1,360,000	936,084
Grinding unit- I	MT	1,500,000	1,500,000	798,272
Total		4,700,000	4,700,000	3,042,710

*Registered with Secretariat for Industrial Assistance, Ministry of Commerce and Industry, Government of India

**includes self consumption of cement 19,952 MT (Previous year: 18,631 MT)

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

State Bank of India, Corporate Accounts Group Branch-13039, "Ozone", 2nd Floor, 6-3-669, Punjagutta Main Road, Hyderabad – 500082, Andhra Pradesh, India

Email ID: sbi.13039@sbi.co.in

Facilities :

Secured Loan	As on 31.03.2011 (Rs. in Millions)	As on 31.03.2010 (Rs. in Millions)
Working capital loans banks secured	64.537	252.545
Total	64.537	252.545
Note: Cash credit facilities
Unsecured Loan	As on 31.03.2011 (Rs. in Millions)	As on 31.03.2010 (Rs. in Millions)
Deferred sales tax loan unsecured	1268.511	1178.939
Other debt unsecured	493.482	410.675
Total	1761.993	1589.614
Note: Dealership and security deposits

Banking Relations :	--
Auditors :
Name :	S.R. Batliboi and Associates Chartered Accountants
Address :	Plot No 18, Oval Office Ilabs Centre, Software Units Layout, Hi Tech City, Madhapur, Hyderabad – 500081, Andhra Pradesh, India
Tel. No.:	91-40-67362000
Fax No.:	91-40-67362200
Income-tax PAN of auditor or auditor's firm :	AABFS3421N
Enterprises owned or significantly influenced by key management personnel or their relatives :	· My Home Constructions Private Limited CIN No.: U45200AP1992PTC015115 · My Home Consultancy Services Limited CIN No.: U74140AP2006PLC050677 · My Home Power Consultancy Services Limited CIN No.: U74140AP2003PLC042017 · JBM Gardens Private Limited CIN No.: U01120AP1994PTC017162 · My Home Properties and Services Private Limited CIN No.: U70102AP2007PTC055499
Joint Venture Partner :	CRH India Investments B.V. Netherlands
Group Company of Joint Venture partner :	CRH Group Services Limited

CAPITAL STRUCTURE

AS ON 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
75,000,000	Equity Shares	Rs. 10/- each	Rs. 750.000 Millions
1,000,000	Preference Shares	Rs. 100/- each	Rs. 100.000 Millions
	Total		Rs. 850.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
59,125,642	Equity Shares	Rs. 10/- each	Rs. 591.256 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		591.256	591.256	591.256
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		12571.914	11436.298	10332.515
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		13163.170	12027.554	10923.771
LOAN FUNDS
1] Secured Loans		64.537	252.545	255.891
2] Unsecured Loans		1761.993	1589.614	1490.424
TOTAL BORROWING		1826.530	1842.159	1746.315
DEFERRED TAX LIABILITIES		802.418	721.798	536.840
TOTAL		15792.118	14591.511	13206.926
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		7776.892	7418.145	5198.359
Capital work-in-progress		2549.978	932.320	1989.358
INVESTMENT		3923.426	4541.007	4342.255
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	1095.363	972.774	801.946
	Sundry Debtors	412.249	335.756	416.575
	Cash & Bank Balances	401.128	459.581	256.893
	Other Current Assets	4.311	4.018	2.078
	Loans & Advances	818.951	912.271	848.919
Total Current Assets		2732.002	2684.400	2326.411
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	630.744	410.734	356.532
	Other Current Liabilities	433.950	495.600	170.256
	Provisions	125.486	78.027	122.669
Total Current Liabilities		1190.180	984.361	649.457
Net Current Assets		1541.822	1700.039	1676.954
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		15792.118	14591.511	13206.926

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	9153.050	8277.244	9581.702
		Other Income	344.312	80.661	481.324
		TOTAL (A)	9497.362	8357.905	10063.026
Less	EXPENSES
		Consumption materials changes inventories	2085.796	1735.491
		Manufacturing service costs	2300.484	2092.906
		Employee related expenses	331.689	251.468
		Administrative selling other expenses	2750.063	2257.189
		TOTAL (B)	7468.032	6337.054	6123.223
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		2029.330	2020.851	3939.803
Less	FINANCIAL EXPENSES (D)		46.657	37.467	120.278
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		1982.673	1983.384	3819.525
Less/ Add	DEPRECIATION/ AMORTISATION (F)		402.846	344.348	270.072
	PROFIT BEFORE TAX (E-F) (G)		1579.827	1639.036	3549.453
Less	TAX (I)		444.211	535.253	1091.617
	PROFIT AFTER TAX (G-I) (J)		1135.616	1103.783	2457.836
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		157.235	63.452	5.616
Less	APPROPRIATIONS
		Transfer to General Reserve	1100.000	1010.000	2400.000
	BALANCE CARRIED TO THE B/S		192.851	157.235	63.452
	IMPORTS
		Stores & Spares	34.999	31.595	76.238
		Capital Goods	43.722	52.098	343.285
	TOTAL IMPORTS		78.721	83.693	419.523
	Earnings Per Share (Rs.)		19.21	18.67	42.39

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	11.96	13.21	24.42
Net Profit Margin (PBT/Sales)	(%)	17.26	19.80	37.04
Return on Total Assets (PBT/Total Assets}	(%)	15.03	16.22	47.17
Return on Investment (ROI) (PBT/Networth)		0.12	0.14	0.32
Debt Equity Ratio (Total Liability/Networth)		0.23	0.24	0.22
Current Ratio (Current Asset/Current Liability)		2.30	2.73	3.58

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. Constructions 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	No
21. Market information	--
22. Litigations that the firm / promoter involved	--
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

OPERATION:

During the year 2010-11, the company has achieved production of 3.043 Millions MT and Turnover of Rs.10376.400 Millions as against the production of 2.984 Millions MT and Turnover of Rs.92.133 Millions in the previous year. The company has earned profit before tax of Rs.15.798 Millions and profit after tax of Rs.1135.600 Millions during the year under review as against the profit before tax of Rs. 1639.000 Millions and profit after tax of Rs. 1103.800 Millions in the previous year 2009-10. The company has achieved EBIDTA of Rs. 2029.300 Millions during 2010-11, constituting 19.56% of sales, as against the EBIDTA of Rs. 2020.800 Millions in the previous year, constituting 21.93% of sales.

Operations of Cement Grinding Unit

The Cement Grinding Unit setup at Mulakalapalli Village, Yelamanchili Mandal, Visakhapatnam District, Andhra Pradesh, has stabilized its operations. The Company has been successful in marketing the slag cement produced in the Grinding unit in the States of Orissa, Chattisgarh, Bihar, West Bengal, etc.,

Ready Mix Concrete and Brick Plant

The Ready Mix Concrete and Brick plant (RMC) situated at Patancheru, Medak District, Andhra Pradesh, which was acquired on December 17, 2009 has stabilized its operations. During the year 2010-11 the RMC plant achieved production of 56,460 cum of Ready Mix Concrete and 6.663 Millions Nos. of Bricks. During the period, the RMC achieved a turnover of Rs.157.700 Millions and earned profit before tax of Rs. 8.927 Millions.

With a view to increase the Ready Mix Concrete business, the Company has taken steps to setup the second Ready Mix Concrete Plant of the Company at Nacharam, Hyderabad, Andhra Pradesh. The required land was taken on lease and applications were made for obtaining statutory approvals. The Company has already received consent for establishment from Andhra Pradesh Pollution Control Board. Orders were also placed for purchase of machinery and the civil works are in progress.

Outlook for Cement Industry

Approximately 35 Million tonnes of new capacity is expected to go on stream in 2011-12. Out of this the capacity growth in south India will be about 10 Million tonnes. With growth in cement capacity exceeding the growth in cement demand, the overall outlook for the industry is expected to be by and large subdued with lower capacity utilization and strained margins. With the government’s thrust on infrastructure development by way of development of national and state highways, seaports, airports and development of major cities and also increase in demand from the housing sector the cement demand within a period of 2-3 years is expected to reach the level of installed capacity.

NATURE OF OPERATION:

My Home Industries Limited (the ‘Company’) is a Company registered under Indian Companies Act, 1956. The Company is engaged in the business of manufacturing and selling cement, clinker and other allied building material products

SCHEME OF AMALGAMATION IN PREVIOUS YEAR:

Pursuant to the Scheme of Amalgamation (scheme), under section 391 to 394 of the Companies Act, 1956, which has been sanctioned by the Hon’ble High Court of Andhra Pradesh at Hyderabad, on April 30, 2010 and certified copy received on May 27 2010, the entire undertaking of Theja Energy Limited (“the transferor company”) have been transferred to and vested with the Company effective from March 01, 2010, being the appointed date under the scheme. The transferor company was engaged in the business of generation of Power. The Company has made the necessary filings with the Registrar of Companies, Andhra Pradesh on June 01, 2010 and the effect of the scheme was given in the previous year financial statement.

In line with Accounting Standard 14 on ‘Accounting for Amalgamations’ issued by the Institute of Chartered Accountants of India, the accounting entries have been passed in the books of accounts under ‘Pooling of Interest’ Method. Accordingly, all the properties, assets and liabilities of the transferor company have been recorded by the Company at their respective book values. The transferor company being wholly owned subsidiary of the Company, no equity shares were issued by the Company to effect the amalgamation. The value of investments existing in the books of transferee company has been set off against the paid up share capital of the transferor company. The authorized capital of the transferor company existing as on the appointed date have been added to the Company’s authorized capital.

The value of Assets and Liabilities acquired by the Company on amalgamation is as follows:

(Rs. in Millions)

Particulars	Amount
Fixed assets (Included in fixed assets are Gross Block of Rs.1.898 Millions less accumulated depreciation of Rs. 0.069 Millions)	1.829
Cash and bank balances	13.417
Preliminary and preoperative expenses	26.554
Total	41.800
Share Capital (Set off against the investment which was acquired during the year)	41.800
Total	41.800

All licenses, permissions, approvals held and obtained from various authorities or applied for or by the transferor company or which the transferor company is entitled to, are transferred to the Company in accordance with section 394 of the Companies Act, 1956.

CONTINGENT LIABILITIES

Contingent Liabilities not provided for in respect of:

(Rs. in Millions)

Particulars	2010-11	2009-10
a) Letters of Credit	16.098	45.930
b) Bank Guarantees	61.588	45.584
c) Bills discounted	0.400	6.181
d) Claims not acknowledged as debts in respect of Indirect tax matters in appeals / under protest	37.568	22.948
e) Claims not acknowledged as debts in respect of Direct tax matters in appeals **	50.997	50.992

** Excludes disallowance of interest aggregating to Rs. 34.500 Millions under appeals with Income Tax Appellate tribunal pertaining to FY 2000-01 to 2003-04. The tax liability towards the same has not been ascertained.

f) Earlier the Company used to pay wheeling charges at the rate of 10% of the power consumed from Andhra Pradesh Gas Power Corporation Limited (APGPCL). The Andhra Pradesh Electricity Regulatory Commission (APERC) has passed an order dated 24.03.2002 increasing the wheeling charges from 10% to 28.4% of the power consumption and in addition the consumers have to pay Rs.0.50 per unit. Aggrieved by the order of APERC, APGPCL and the effected consumers have filed writ petition in Hon’ble High Court of Andhra Pradesh, who passed judgment on 18.04.2003 setting aside the order of APERC as illegal, arbitrary, unreasonable and capricious, viewed from any angle in the matter. However, A.P. Transco has filed a Special Leave Petition in the Hon’ble Supreme Court against the order of Hon’ble High Court of Andhra Pradesh. In another case APGPCL used to distribute unclaimed surplus power to its shareholders who are participating industries in proportion to their shareholding in the paid up capital of APGPCL. However, APTRANSCO (majority share holder) has claimed the entire surplus power and billed the other shareholders for excess power consumed during April, 2004 to June, 2004 at their rates (as against APGPCL rates). The same was contested by other shareholders in the Hon’ble High Court of Andhra Pradesh. The High Court granted stay and directed APGPCL to allocate surplus power to all the shareholders, pending final judgment. The estimated contingent liability in respect of increase in wheeling charges and surplus power would be Rs. 98.600 Millions (Previous year: Rs.80.500 Millions).

g) Andhra Pradesh Eastern Power Distribution Company Limited (APEPDCL), Visakhapatnam has issued electricity bills for the months of March, 2010 to May, 2010 for the Vizag Grinding Unit, which includes charges on reallocated units supplied by Andhra Pradesh Gas Power Corporation Limited. The Company filed a Writ Petition before Hon’ble High Court of Andhra Pradesh and the court issued interim direction on 26.07.2010 to APEPDCL not to disconnect power supply till the disposal of the case and directed the company to make payment to APGPCL for the reallocated units.The estimated contingent liability in respect of increase in wheeling charges and surplus power would be Rs. 5.188 Millions (Previous year: Rs. Nil).

h) The Government of Andhra Pradesh imposed Electricity Duty on captive power consumption @ 25 paise per unit w.e.f July 2003, under AP Electricity Duty Act, 1939. The company filed a writ petition before the Hon’ble AP High Court stating that the levy of duty is unconstitutional. The High Court granted interim relief under Order dated 27^th April 2004 by directing that no recovery be made against the Company in this matter and the company was directed to file monthly statement of details of the electricity consumed. The matter is pending disposal before the Hon’ble High Court. The estimated contingent liability would be Rs.0.1144 Million. (Previous year: Rs.92.054 Millions)

i) Andhra Pradesh Central Power Distribution Company Limited (APCPDCL) levied grid support charges for difference between total capacity of Captive Power Plant (CPP) and contracted maximum capacity on account of parallel operations of CPP during April 2006 to December 2006 as per the tariff order approved by Andhra Pradesh Electricity Regulatory Commission (APERC) in March 2006. Company filed a petition challenging the levy by APCPDCL in the Hon’ble High Court of AP, which granted interim stay on 26.03.2007 on the condition that the company deposits grid support charges @ Rs. 0.200 millions per month. Accordingly, the company has deposited Rs. 1.400 Millions for seven months. The estimated contingent liability in this matter is Rs.7.500 Millions (Previous year: Rs. 7.500 Millions). These charges were not applicable after December 2006 because the maximum contracted demand was more than capacity of CPP.

j) An additional load of 2.0 MVA was sanctioned to the company on 04.10.2004 with a specific condition that no development charges would be collected, as per the policy guidelines laid down by APERC. However, by a separate letter dated 13.12.2004, the Company was asked to pay development charges of Rs.3.000 Millions. The Company has filed a Writ petition before the Hon’ble High Court of AP and the Court granted an interim stay under order dated 23.03.2005. Subsequently, APERC directed that payment be made @ Rs.7.50 per KVA for 132 KV consumers. As a result, the amount of development charges was reduced from Rs.3.000 Millions to Rs.1.500 Millions. The matter is pending before the Hon’ble AP High Court.

k) APCPDCL levied Fuel Surcharge Adjustment (FSA) of Rs. 1.100 Millions for the financial year 2008-09 for Mellacheruvu Unit contrary to the provisions of Andhra Pradesh Electricity Reform Act, 1998 and Electricity Act, 2003 and without any notice or public hearing. A Writ Petition was filed before the Hon’ble High Court against the levy of FSA contending that the levy is illegal and violation of the provisions of The Electricity Act, 2003. Subsequently, APCPDCL also levied FSA of Rs. 1.131 Millions for the financial year 2009-10 for Mellacheruvu Unit. The estimated contingent liability is Rs. 2.231 Millions (Previous year: Rs. Nil)

l) In the case of Amalgamation of Theja Energy Limited with My Home Industries Limited, Registrar of Companies raised a demand for Rs. 0.836 Millions towards payment of stamp duty @ 2% on the extinguished paid up share capital of Rs.41.800 Millions of Theja Energy Limited (Transferor Company). The Company has filed a Writ Petition before the Hon’ble High Court of Andhra Pradesh against the levy of stamp duty contending that they should not levy stamp duty in the case of amalgamation between holding and wholly owned subsidiary Company. The Hon’ble High Court granted an interim order directing the Company to pay Rs. 0.016 Millions towards stamp duty on undertaking by the Company to pay the deficit stamp duty subject to the outcome of the Writ Petition. The estimated contingent liability is Rs. 0.819 Millions (Previous year: Nil).

Management is confident that the above cases would be in favour of the Company; hence no liability needs to be provided for.

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	U26942AP1984PLC004951
Name of the company	MY HOME INDUSTRIES LIMITED
Address of the registered office or of the principal place of business in India of the company	9TH Floor, Block-3, My Home Hub, Madhapur, Hyderabad – 500081, Andhra Pradesh, India Email ID: cs@myhomegroup.in
This form is for	Modification of charge
Charge identification number of the modified	10086647
Type of charge	Book Debts Movable Property
Particular of charge holder	State Bank of India, Corporate Accounts Group Branch-13039, "Ozone", 2nd Floor, 6-3-669, Punjagutta Main Road, Hyderabad – 500082, Andhra Pradesh, India Email ID: sbi.13039@sbi.co.in
Nature of description of the instrument creating or modifying the charge	No instrument was executed. The working capital limits were reduced from Rs. 95.000 Millions to Rs. 30.000 Millions and a letter dated 18.06.2011 was issued in this regard by State Bank of India.
Date of instrument Creating the charge	18.06.2011
Amount secured by the charge	Rs. 30.000 Millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest As per the Bank's standard rates applicable from time to time for Bill discounting limits. Terms of Repayment Not Applicable Margin Not Applicable Extent and Operation of the charge The Charge operates as security for the re-payment of the working capital facilities to be availed to the extent of Rs.30.000 Millions ( Bill Discounting limits) by way of pari-passu first charge on the current assets of the Company and pari passu second charge on all the fixed assets of the company along with the other working bankers.
Short particulars of the property charged	Pari passu first charge on the entire current assets of the Company. Pari passu second charge on the fixed assets of the Company situated at Mellacheruvu Village and Mandal, Nalgonda (District). Andhra Pradesh Pari passu second charge on the fixed assets of the Company situated at Mulakapalli Village, Yelamanchili Mandal, Visakhapatnam District, Andhra Pradesh Pari passu second charge on the fixed assets of the Company situated at Plot No. 56, IDA, Phase--II, Patancheru, Medak District.
Date of latest modification prior to the present modification	30.03.2009
Particulars of the present modification	Limits reduced from Rs.95.000 Millions to Rs.30.000 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. 57.22
UK Pound	1	Rs. 89.42
Euro	1	Rs. 71.46

INFORMATION DETAILS

Report Prepared by :

BVA

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	7
OPERATING SCALE	1~10	7
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	7
--PROFITABILIRY	1~10	7
--LIQUIDITY	1~10	7
--LEVERAGE	1~10	7
--RESERVES	1~10	7
--CREDIT LINES	1~10	7
--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		62

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

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.