1. Summary Information

		Country	India
Company Name	AMCL Machinery Limited	Principal Name 1	Mr. Sanjay Somany
Status	Satisfactory	Principal Name 2	Mr. Mukul Somany
		Registration #	21-164597
Street Address	2, Red Cross Place, Kolkata – 700001, West Bengal, India
Established Date	31.10.1973	SIC Code	--
Telephone#	91-33-22543100	Business Style 1	Manufacturer
Fax #	91-33-22543130	Business Style 2	Cement Plant Machinery and Tyre Making Machinery's
Homepage	www.amcl.in	Product Name 1	Tyre and Rubber Machinery
# of employees	Not Available	Product Name 2	Cement Machinery
Paid up capital	Rs.40,000,000/-	Product Name 3	Blower
Shareholders	Bodies corporate - 100.00%	Banking	State Bank of India
Public Limited Corp.	No	Business Period	39 Years
IPO	No	International Ins.	-
Public Enterprise	No	Rating	Ba (45)
Related Company
Relation	Country	Company Name	CEO
Related Parties	--	Topaz Commerce Limited	--
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2011		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	62,042,000	Current Liabilities	43,336,000
Inventories	174,981,000	Long-term Liabilities	101,899,000
Fixed Assets	48,687,000	Other Liabilities	1,372,000
Deferred Assets	0.000	Total Liabilities	146,607,000
Invest& other Assets	1,224,000	Retained Earnings	100,327,000
		Net Worth	140,327,000
Total Assets	286,934,000	Total Liab. & Equity	286,934,000
Total Assets (Previous Year)	341,519,000
P/L Statement as of	31.03.2011		(Unit: Indian Rs.)
Sales	100,565,000	Net Profit	(32,470,000)
Sales(Previous yr)	353,855,000	Net Profit(Prev.yr)	50,776,000

MIRA INFORM REPORT

Report Date :

30.06.2012

IDENTIFICATION DETAILS

Name :	AMCL MACHINERY LIMITED
Formerly Known As :	Associated Type Machinery Company Limited
Registered Office :	2, Red Cross Place, Kolkata – 700001, West Bengal
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	31.10.1973
Com. Reg. No.:	21-164597
Capital Investment / Paid-up Capital :	Rs.40.000 Millions
CIN No.: [Company Identification No.]	U29290WB1973PLC164597
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer of Cement Plant Machinery and Tyre Making Machinery's
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (45)

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

Maximum Credit Limit :	USD 560000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track. The company has incurred some losses during the year. But the net worth of the company appears to be sound. However, 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 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 (30.06.2011)	Current Rating (30.09.2011)
India	A1	A1

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

LOCATIONS

Registered Office :	2, Red Cross Place, Kolkata – 700001, West Bengal, India
Tel. No.:	91-33-22543100
Fax No.:	91-33-22543130
E-Mail :	kkothari@hngil.com
Website :	www.amcl.in

DIRECTORS

As on 30.09.2011

Name :

Mr. Sanjay Somany

Designation :

Director

Address :

W-27, Greater Kailash, Part – II, New Delhi – 110048, India

Date of Birth/Age :

28.07.1958

Date of Appointment :

10.03.2008

DIN No.:

00124538

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	U30007WB1989PLC047910	HASOW AUTOMATION LIMITED	Director	25/02/1991	25/02/1991	-	Amalgamated	NO
2	L26109WB1946PLC013294	HINDUSTHAN NATIONAL GLASS AND INDUSTRIES LIMITED	Managing director	27/03/1993	27/03/1993	-	Active	NO
3	U74140WB1992PLC054901	NIKET ADVISORY AND TRADING COMPANY LIMITED	Director	2/4/1994	2/4/1994	-	Active	NO
4	L01131WB1985PLC039054	TOPAZ COMMERCE LIMITED	Director	10/7/1998	10/7/1998	-	Amalgamated	NO
5	U51109WB1995PTC068911	SPOTME TRACON PRIVATE LIMITED	Director	18/12/1999	18/12/1999	-	Active	NO
6	U36900WB1970PLC065595	GLASS EQUIPMENT (INDIA) LIMITED	Director	1/10/2000	1/10/2000	-	Active	NO
7	U70101WB1991PTC051664	NOBLE ENCLAVE AND TOWERS PRIVATE LIMITED	Director	17/10/2000	17/10/2000	-	Amalgamated	NO
8	L65993WB1981PLC034252	SPOTLIGHT VANIJYA LIMITED	Director	25/10/2000	25/10/2000	-	Active	NO
9	U25209WB2001PLC111449	SOMANY FOAM LIMITED	Director	30/08/2001	30/08/2001	-	Active	NO
10	U51909WB1994PTC064538	MICROWAVE MERCHANTS PRIVATE LIMITED	Director	15/10/2003	15/10/2003	-	Active	NO
11	U51109WB1996PTC079055	KHAZANA MARKETING PRIVATE LIMITED	Director	22/11/2004	22/11/2004	-	Active	NO
12	U51909WB1996PTC077149	AMAZON SALES PRIVATE LIMITED	Director	22/08/2005	22/08/2005	-	Amalgamated	NO
13	U26101WB2006PLC111182	HNG FLOAT GLASS LIMITED.	Director	29/07/2006	29/07/2006	-	Active	NO
14	U51909WB1996PTC078731	DHANANJAY TRADELINK PRIVATE LIMITED	Director	15/09/2006	15/09/2006	-	Amalgamated	NO
15	U26100DL1970NPL005313	ALL INDIA GLASS MFRS'. FEDERATION.	Director	21/09/2007	21/09/2007	-	Active	NO

Name :

Mr. Mukul Somany

Designation :

Director

Address :

2, Iron Side Road, Kolkata – 700019, West Bengal, India

Date of Birth/Age :

15.10.1965

Date of Appointment :

10.03.2008

DIN No.:

00124625

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	U36900WB1970PLC065595	GLASS EQUIPMENT (INDIA) LIMITED	Director	6/12/1991	6/12/1991	-	Active	NO
2	L26109WB1946PLC013294	HINDUSTHAN NATIONAL GLASS AND INDUSTRIES LIMITED	Managing director	23/07/1992	23/07/1992	-	Active	NO
3	U51909WB1994PLC061379	HNG INTERNATIONAL LIMITED	Director	7/1/1994	7/1/1994	-	Amalgamated	NO
4	U74140WB1992PLC054901	NIKET ADVISORY AND TRADING COMPANY LIMITED	Director	2/4/1994	2/4/1994	-	Active	NO
5	U51909WB1971PTC027946	CANS AND CLOSURES PRIVATE LIMITED	Director	30/12/1995	30/12/1995	1/12/2008	Active	NO
6	L01131WB1985PLC039054	TOPAZ COMMERCE LIMITED	Director	10/7/1998	10/7/1998	-	Amalgamated	NO
7	U51909WB1993PTC060882	RUNGAMATTEE TREXIM PRIVATE LIMITED	Director	18/12/1999	18/12/1999	-	Active	NO
8	U70101WB1991PTC051664	NOBLE ENCLAVE AND TOWERS PRIVATE LIMITED	Director	17/10/2000	17/10/2000	-	Amalgamated	NO
9	L65993WB1981PLC034252	SPOTLIGHT VANIJYA LIMITED	Director	25/10/2000	25/10/2000	-	Active	NO
10	U25209WB2001PLC111449	SOMANY FOAM LIMITED	Director	30/08/2001	30/08/2001	-	Active	NO
11	U51909WB1994PTC064538	MICROWAVE MERCHANTS PRIVATE LIMITED	Director	15/10/2003	15/10/2003	-	Active	NO
12	U70109WB1994PTC061767	SAURAV CONTRACTORS PRIVATE LIMITED	Director	20/05/2004	20/05/2004	-	Active	NO
13	U51109WB1992PTC054899	WISDOM SALES PRIVATE LIMITED	Director	9/8/2004	9/8/2004	-	Amalgamated	NO
14	U51909WB1996PTC077149	AMAZON SALES PRIVATE LIMITED	Director	22/08/2005	22/08/2005	-	Amalgamated	NO
15	U26101WB2006PLC111182	HNG FLOAT GLASS LIMITED.	Director	29/07/2006	29/07/2006	-	Active	NO

Name :

Mr. Jagdish Prasad Kasera

Designation :

Director

Address :

HNG Colony, Bahadurgarh, Jhajjar – 124507, Haryana, India

Date of Birth/Age :

17.08.1947

Date of Appointment :

10.03.2008

DIN No.:

00013299

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	U36900WB1970PLC065595	GLASS EQUIPMENT (INDIA) LIMITED	Director	25/06/1998	25/06/1998	-	Active	NO
2	U74899DL1994PLC058547	ACE GLASS CONTAINERS LIMITED	Director	8/1/2002	8/1/2002	-	Amalgamated	NO
3	U25209WB2001PLC111449	SOMANY FOAM LIMITED	Director	29/09/2007	22/03/2007	-	Active	NO
4	U29290WB1973PLC164597	AMCL MACHINERY LIMITED	Director	19/05/2009	10/3/2008	-	Active	NO

Name :

Mr. Raghuvansh Lal Kapur

Designation :

Director

Address :

8/10, Alipore Park Road, Kolkata – 700027, West Bengal, India

Date of Birth/Age :

02.12.1932

Date of Appointment :

02.11.2010

DIN No.:

00002483

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	U74899DL1994PLC058547	ACE GLASS CONTAINERS LIMITED	Director	8/1/2002	8/1/2002	-	Amalgamated	NO
2	U26101WB2006PLC111182	HNG FLOAT GLASS LIMITED.	Director	14/07/2008	10/6/2008	-	Active	NO
3	U29290WB1973PLC164597	AMCL MACHINERY LIMITED	Director	30/09/2011	2/11/2010	-	Active	NO

Name :

Mr. Rakesh Kumar Sharma

Designation :

Director

Address :

803, Glen Classic, Hiranandani Gardens, Powai, Mumbai – 400076, Maharashtra, India

Date of Birth/Age :

12.06.1952

Date of Appointment :

19.07.2011

DIN No.:

02166966

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	U74210MH1995PLC088099	L AND T-SARGENT AND LUNDY LIMITED	Director appointed in casual vacancy	23/04/2008	23/04/2008	30/04/2010	Active	NO
2	U13203OR1999PTC005673	RAYKAL ALUMINIUM COMPANY PRIVATE LIMITED	Director	29/09/2010	25/02/2009	21/02/2011	Active	NO
3	U27100OR2009PTC011249	KENSUN IRON AND STEEL COMPANY PRIVATE LIMITED	Director	22/10/2009	22/10/2009	-	Under Process of Striking off	NO
4	U40102PB2007SGC031039	NABHA POWER LIMITED	Director	18/01/2010	18/01/2010	7/10/2010	Active	NO
5	U27100GJ2009PTC055901	KESUN IRON AND STEEL COMPANY PRIVATE LIMITED	Director	11/6/2010	26/02/2010	21/02/2011	Active	NO
6	L26109WB1946PLC013294	HINDUSTHAN NATIONAL GLASS AND INDUSTRIES LIMITED	Director	19/08/2011	1/3/2011	-	Active	NO
7	U29290WB1973PLC164597	AMCL MACHINERY LIMITED	Director	30/09/2011	19/07/2011	-	Active	NO

Name :

Mr. Narain Das Maheshwari

Designation :

Additional Director

Address :

Panchu Gopal Bhaduri Sarani, P O Rishra, Rishra -712248, West Bengal, India

Date of Birth/Age :

22.06.1947

Date of Appointment :

31.03.2012

DIN No.:

02177410

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	U51909WB1991PTC053568	EXIM SCRIPS SERVICES PRIVATE LIMITED	Director	29/09/2008	17/05/2008	23/09/2009	Amalgamated	NO
2	U51909WB1994PLC061379	HNG INTERNATIONAL LIMITED	Director	29/09/2008	12/6/2008	23/09/2009	Amalgamated	NO
3	U51909WB1993PTC060882	RUNGAMATTEE TREXIM PRIVATE LIMITED	Director	29/09/2008	12/6/2008	23/09/2009	Active	NO
4	U70109WB1994PTC061767	SAURAV CONTRACTORS PRIVATE LIMITED	Director	29/09/2008	12/6/2008	23/09/2009	Active	NO
5	L65993WB1981PLC034252	SPOTLIGHT VANIJYA LIMITED	Additional director	31/03/2012	14/06/2008	-	Active	NO
6	U29192WB1981PTC033808	KESHAV ENGINEERING CO PRIVATE LIMITED	Director	29/09/2008	14/06/2008	-	Amalgamated	NO
7	U70101WB1991PTC051664	NOBLE ENCLAVE AND TOWERS PRIVATE LIMITED	Director	29/09/2008	14/06/2008	23/09/2009	Amalgamated	NO
8	U51909WB1994PTC064538	MICROWAVE MERCHANTS PRIVATE LIMITED	Director	29/09/2008	14/06/2008	23/09/2009	Active	NO
9	L01131WB1985PLC039054	TOPAZ COMMERCE LIMITED	Director	29/09/2008	14/06/2008	23/09/2009	Amalgamated	NO
10	U51909WB1996PTC078731	DHANANJAY TRADELINK PRIVATE LIMITED	Director	29/09/2008	14/06/2008	23/09/2009	Amalgamated	NO
11	U51109WB1992PTC054375	BRABOURNE COMMERCE PRIVATE LIMITED	Additional director	19/03/2009	19/03/2009	23/09/2009	Active	NO
12	U52190WB1994PTC062654	ABHASHREE MERCHANTTS PRIVATE LIMITED	Additional director	30/06/2009	30/06/2009	23/09/2009	Amalgamated	NO
13	U51109WB2006PTC108707	GALAXY VINIMAY PRIVATE LIMITED	Additional director	19/09/2009	19/09/2009	23/09/2009	Amalgamated	NO
14	U25209WB2001PLC111449	SOMANY FOAM LIMITED	Additional director	31/03/2012	31/03/2012	-	Active	NO
15	U29290WB1973PLC164597	AMCL MACHINERY LIMITED	Additional director	31/03/2012	31/03/2012	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2011

Names of Shareholders	No. of Shares
Topaz Commerce Limited, India	160000
Noble Enclave and Towers Private Limited, India	160000
Microwave Merchants Private Limited, India	79993
Microwave Merchants Private Limited, India	3
S K Jain	1
S K Mohta	1
N K Kabra	1
R P Rustogi	1
Total	400000

As on 30.09.2011

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Bodies corporate	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Cement Plant Machinery and Tyre Making Machinery's

Products :

Product Description	Item Code
Tyre and Rubber Machinery	B477 SO 10
Cement Machinery	3474 20 10
Blower	8414 59 20
Bulker	S 704 23 19
Concrete Mixer Lorries	S705 40 00

PRODUCTION STATUS

Particulars	Unit	Installed Capacity
Collapsible Drums
Tyre Building Machines
Tyre Curing Presses	Nos.	231
Tube Curing Presses
Brake Assemblies
Bladder Piesses
Bulk Transporters	Nos.	150
Three Lobe Blowers	Nos.	150

Licensed Capacity per annum not indicated due to abolition of Industrial License as per notification No 477 (E) dated July 25, 1991 issued under the Industrial (Developments Regulation) Act. 1951

GENERAL INFORMATION

Customers :

For Vertical Roller Pre-grinding Mill :

· ACC Chanda Cement Works

· ACC Kymore Cement Works

· Madras Cement Limited

· Birla Corporation Limited Raebareeli

· Century Cement

· Maihar Cement

· ACC Gagal Cement Works

· Kuwait Cement Company

For Bulk Transporters :

· Larsen and Toubro Limited

· Madras Cement Limited

· Birla Cement Corporation

· ACC - Various works.

· Hyderabad Industries Limited

· Gujarat Ambuja Cement Limited

· Vasavadatta Cements

· Fletcher Pioneer (India) Private Limited

For Three Lobe Rotary Blowers :

· ACC - Various works.

· Jayprakash Associates

· Ultra Tech Cement

· Ambuja Cement

· National Steel Industries

· Vulcan Industries

· Aditya Cements

· RALSON Carbon

· Duncans Industries

For Rubber and Tyre Industry :

· Apollo Tyres.

· Birla Tyres.

· J. K. Industries Limited

· Bridgestone India Private Limited

· Vikrant Tyres

· M R F Tyres

· Balkrishna Tyres

· Dewan Tyres

· Elgi Tyres and Tread Limited

· Midas Butyl Rubber

· Modi Rubber Limited

· Suntec Tyres

· CEAT Tyres

For other equipment :

· ACC - Refractories

· Associated Cement Companies Limited

· India Cements Limited

· Salem Steel Plant

· South India Viscose Limited

· FACT Engineering and Design Organisation

No. of Employees :

Not Available

Bankers :

State Bank of India, CAG Branch, Kolkata, West Bengal, India

Facilities :

(Rs. In Millions)

Secured Loan	As on 31.03.2011	As on 31.03.2010
Cash, Credit Account	2.540	1.649
Total	2.540	1.649
Unsecured Loan	As on 31.03.2011	As on 31.03.2010
Deferred Sales Tax Loans	81.159	79.073
Inter Corporate Deposit	18.200	0.000
Total	99.359	79.073

Banking Relations :	--
Auditors :
Name :	K S Aiyar and Company Chartered Accountants
Address :	9, Sted Amir Aliavenue, Flat -2, 4^th Floor, Kolkata – 700017, West Bengal, India
Tel. No.:	91-33-22817632 / 22817653
Fax No.:	91-33-22817654
Website :	www.KSAiyar.com
PAN.:	AAAFK6843P
Related Parties:	· Topaz Commerce Limited · Noble Enclave and Towers Private Limited · Microwave Merchants Private Limited · Hindustan National Glass and Industries Limited · Glass Equipment (India) Limited · HNG Float Glass Limited · Somanv Foam Limited · Dhananjay Tradelink Private Limited · Runqamattee Thirmix Private Limited

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
400000	Equity Shares	Rs.100/- each	Rs.40.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
400000	Equity Shares	Rs.100/- each	Rs.40.000 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		40.000	40.000	40.000
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		100.327	132.797	105.343
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		140.327	172.797	145.343
LOAN FUNDS
1] Secured Loans		2.540	1.649	0.000
2] Unsecured Loans		99.359	79.073	79.073
TOTAL BORROWING		101.899	80.722	79.073
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		242.226	253.519	224.416
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		48.687	48.444	40.278
Capital work-in-progress		1.224	0.000	11.405
INVESTMENT		0.000	0.000	73.540
DEFERREX TAX ASSETS		0.000	1.726	3.160
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	174.981	187.433	178.487
	Sundry Debtors	36.766	81.191	65.119
	Cash & Bank Balances	0.820	1.131	6.958
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	24.456	21.594	68.116
Total Current Assets		237.023	291.349	318.680
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	25.548	41.449	138.490
	Other Current Liabilities	17.788	21.085	30.757
	Provisions	1.372	25.466	53.400
Total Current Liabilities		44.708	88.000	222.647
Net Current Assets		192.315	203.349	96.033
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		242.226	253.519	224.416

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	100.565	353.855	625.405
		Other Income	10.363	24.740	23.756
		TOTAL (A)	110.928	378.595	649.161
Less	EXPENSES
		Manufacturing and Other Expenses	133.692	296.370	487.759
		TOTAL (B)	133.692	296.370	487.759
Less	PROFIT / (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		(22.764)	83.225	161.402
Less	FINANCIAL EXPENSES (D)		2.922	0.102	1.469
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		(25.686)	82.123	159.933
Less/ Add	DEPRECIATION/ AMORTISATION (F)		5.412	8.841	15.374
	PROFIT / (LOSS) BEFORE TAX (E-F) (G)		(31.098)	73.282	144.559
Less	TAX (H)		1.372	22.506	47.340
	PROFIT / (LOSS) AFTER TAX (G-H) (I)		(32.470)	50.776	97.219
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		3.297	25.843	25.422
Less	APPROPRIATIONS
		Transfer to General Reserve	0.000	50.000	50.000
		Dividend	0.000	20.000	40.000
		Tax on Dividend	0.000	3.322	6.798
	BALANCE CARRIED TO THE B/S		(29.173)	3.297	25.843
	EARNINGS IN FOREIGN CURRENCY
		Export of Machinery and Spares on FOB basis	1.872	7.628	11.784
	TOTAL EARNINGS		1.872	7.628	11.784
	IMPORTS
		Raw Materials	6.179	56.359	144.451
		Capital Goods	0.000	0.000	1.635
	TOTAL IMPORTS		6.179	56.359	146.086
	Earnings Per Share (Rs.)		(81.17)	126.94	24.305

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	(29.27)	13.41	14.98
Net Profit Margin (PBT/Sales)	(%)	(30.92)	20.71	23.11
Return on Total Assets (PBT/Total Assets}	(%)	(10.88)	21.57	40.27
Return on Investment (ROI) (PBT/Networth)		(0.22)	0.42	0.99
Debt Equity Ratio (Total Liability/Networth)		1.04	0.98	2.08
Current Ratio (Current Asset/Current Liability)		5.30	3.31	1.43

LOCAL AGENCY FURTHER INFORMATION

Check List by Info Agents	Available in Report (Yes / No)
1) Year of Establishment	Yes
2) Locality of the firm	Yes
3) Constitutions of the firm	Yes
4) Premises details	No
5) Type of Business	Yes
6) Line of Business	Yes
7) Promoter’s background	Yes
8) No. of employees	No
9) Name of person contacted	No
10) Designation of contact person	No
11) Turnover of firm for last three years	Yes
12) Profitability for last three years	Yes
13) Reasons for variation <> 20%	--
14) Estimation for coming financial year	No
15) Capital in the business	Yes
16) Details of sister concerns	Yes
17) Major suppliers	No
18) Major customers	Yes
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

Operations

During the financial year ended march 31, 2011, which is the company, posted Gross sales of Rs.109.900 Millions (Previous Year 382.300 Millions). The company has incurred a loss of Rs.32.500 Millions the decline in sales and profit is due to general recession in the economy

FUTUKE OUTLOOK

1. They expect positive results from the Seven number technical proposal submitted for obtaining VRPMs orders.

2. Some business for Silo, Power Plant Project is expected during the current year

3. Erection and Commissioning of VRPM at Madras Cement will be completed by September, 2011 and at Ambuja Bhatapara is in progress and will be completed shortly

Contingent Liabilities not provided for

Rs. In Millions

Sr. No.	Particulars	31.03.2011	31.03.2010
a)	In respect of guarantee executed by bank on behalf of the Company	12.356	37.009
b)	In respect of Letter of Credit (Foreign) executed by bank on behalf of the Company	-	3.737
c)	In respect of demand raised by central excise f safes tax authorities against the Company. The Company has filed appeals against the demand with the appellate authorities and in respect of undertakings qiven by the Company	31.698	11.712
d)	In respect of demand from Income tax department	9.915	9.916

e) In respect of wage revision of workers, d je from April. 2009 the matter is sub-judice and the quantum of liability is indeterminate

f) In respect of items © and (d). future cash outflows in respect of contingent liabilities is determinable only on receipt of judgments pending at various forums / authorities.

Fixed Assets

· Leasehold Land

· License Rights

· Building – Non Factory

· Plant and Machinery

· Furniture, Fixtures and Equipments

· Motor Cars, Trucks.etc

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.56.31
UK Pound	1	Rs.88.06
Euro	1	Rs.70.91

INFORMATION DETAILS

Report Prepared by :

NTH

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
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	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	YES
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		45

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.