MIRA INFORM REPORT

Report Date :

09.03.2012

IDENTIFICATION DETAILS

Name :	GUPTA POWER INFRASTRUCTURE LIMITED
Formerly Known As :	GUPTA CABLES PRIVATE LIMITED
Registered Office :	EN-62, Sector – V, 7^th Floor, Salt Lake City, Kolkata – 700091, West Bengal
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	09.05.1961
Com. Reg. No.:	21-025104
Capital Investment / Paid-up Capital :	Rs.65.426 Millions
CIN No.: [Company Identification No.]	U31300WB1961PLC025104
TAN No.: [Tax Deduction & Collection Account No.]	CALG00457C
PAN No.: [Permanent Account No.]	AAACG9210B
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer and Supplier of Aluminium Cables and Conductors.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (46)

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

Maximum Credit Limit :	USD 4100000
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 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 :	EN-62, Sector – V, 7^th Floor, Salt Lake City, Kolkata – 700091, West Bengal
Tel. No.:	91-33-39584017/ 22438441/ 40657348
Fax No.:	91-33-22438441
E-Mail :	sharma_gl@yahoo.com communication_2008@rediffmail.com info@guptapower.com hareebol@sancharnet.in kishalay_08@rediffmail.com
Website :	http://www.guptapower.com
Corporate Office :	Cuttack Road, Bhubaneshwar – 751 006, Orissa, India
Tel. No.:	91-674-2313898/ 2312945
Fax No.:	91-674-2312083/ 2312876
Factory 1 :	Plot No-F/9, IDCO IID Centre, Khurda-752054, Orissa, India
Tel. No.:	91-674-2313898/ 2312945
Fax No.:	91-674-2312083/ 2312876
Factory 2 :	Shed No.13 and 18, Phase - V, Sidco mdl. Estate, Gummidipoondi, Chennai – 601 201, Tamilnadu, India
Tel. No.:	91-44-27921349
Fax No.:	91-44-37909900
Factory 3 :	Plot No. 132, Nandnagar Ind. Est. Phase II, VIII. - Mahaukheraganj, Kasipur -244713, Uttaranchal, India

DIRECTORS

(AS ON 30.09.2011)

Name :

Mr. Mahendra Kumar Gupta

Designation :

Managing Director

Address :

Gupta Niwas Station Road, Bhubaneshwar, Khurda – 751006, Orissa, India

Date of Birth/Age :

01.10.1952

Date of Appointment :

05.09.1997

DIN No.:

00492922

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U27109OR1984PTC001445	TIRUPATI STEEL INDUSTRIES PRIVATE LIMITED	Director	19-12-84	19-12-84	11-06-07	Active	YES
2	U15311DL1987PLC029900	BHAWANI ROLLER FLOUR MILLS LIMITED	Director	27-11-87	27-11-87	01-06-07	Active	NO
3	U15209AP1993PTC016425	KUNJ AGRO PROUDCTS PRIVATE LIMITED	Director	13-10-93	13-10-93	01-09-08	Active	NO
4	U31300WB1961PLC025104	GUPTA POWER INFRASTRUCTURE LIMITED	Managing director	05-09-97	05-09-97	-	Active	NO
5	U15541OR2000PTC006053	J R G CENTER FOR LEARNING AND EDUCATION PRIVATE LIMITED	Director	21-01-00	21-01-00	11-06-07	Active	NO
6	U15311AP1980PTC002839	SUPRABHAT ROLLER FLOUR MILLS PRIVATE LIMITED	Director	30-11-01	30-11-01	09-01-08	Active	NO
7	U45201OR2005PTC008206	UTKAL INFRASTRUCTURE DEVELOPMENT CONSORTORIUM PRIVATE LIMITED	Nominee director	12-10-10	11-12-06	-	Active	NO
8	U40101WB2007PTC113495	GREAT EASTERN POWER PROJECTS PRIVATE LIMITED	Director	16-02-07	16-02-07	11-06-07	Active	NO
9	U17110OR2011PTC013968	IRIS TEXT PROCESSORS PRIVATE LIMITED	Director	29-07-11	29-07-11	-	Active	NO

Name :

Mr. Bhagat Ram Gupta

Designation :

Chairman cum Managing Director

Address :

Gupta Niwas Station Road, Bhubaneshwar, Khurda – 751006, Orissa, India

Date of Birth/Age :

12.11.1943

Date of Appointment :

05.09.1997

DIN No.:

00492874

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U28992RJ1980PLC002076	SUPREME CYLINDERS LIMITED	Director	21-09-81	21-09-81	05-02-10	Active	NO
2	U15311DL1987PLC029900	BHAWANI ROLLER FLOUR MILLS LIMITED	Director	27-11-87	27-11-87	01-06-07	Active	NO
3	U15209AP1993PTC016425	KUNJ AGRO PROUDCTS PRIVATE LIMITED	Director	13-10-93	13-10-93	01-09-08	Active	NO
4	U31300OR1994PTC003568	BHARAT ELECTRICAL ACCESSORIES PRIVATE LIMITED	Director	31-03-94	31-03-94	25-09-08	Active	NO
5	U31300WB1961PLC025104	GUPTA POWER INFRASTRUCTURE LIMITED	Director	05-09-97	05-09-97	-	Active	NO
6	U15311OR1997PTC004925	KUNJ ROLLER FLOUR MILLS PRIVATE LIMITED	Director	20-03-00	20-03-00	01-06-07	Active	NO
7	U15311AP1980PTC002839	SUPRABHAT ROLLER FLOUR MILLS PRIVATE LIMITED	Director	07-06-01	07-06-01	09-01-08	Active	NO
8	U15314OR2007PTC009338	OMKAAR JAGANNATH AGRO PRIVATE LIMITED	Director	18-05-07	18-05-07	-	Active	NO
9	U27109OR1984PTC001445	TIRUPATI STEEL INDUSTRIES PVT LTD	Director	01-06-07	01-06-07	-	Active	YES
10	U28999OR2001PTC006627	JRG DEVELOPERS PRIVATE LIMITED	Director	01-06-07	01-06-07	-	Active	NO
11	U45400WB2007PTC117886	SHRI KUNJ REALTORS PRIVATE LIMITED	Director	17-08-07	17-08-07	-	Active	NO
12	U27310OR1997PLC004783	SHREEJI ISPAT LIMITED	Director	30-09-08	08-02-08	16-11-09	Active	NO

Name :

Mr. Jitendra Mohan Gupta

Designation :

Director Administration

Address :

Gupta Niwas Station Road, Bhubaneshwar, Khurda – 751006, Orissa, India

Date of Birth/Age :

09.07.1972

Date of Appointment :

05.09.1997

DIN No.:

00492662

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U15311DL1987PLC029900	BHAWANI ROLLER FLOUR MILLS LIMITED	Director	28-06-93	28-06-93	01-06-07	Active	NO
2	U15209AP1993PTC016425	KUNJ AGRO PROUDCTS PRIVATE LIMITED	Director	12-01-94	12-01-94	01-09-08	Active	NO
3	U51214OR1984PTC001019	MAA BHUASUNI INDUSTRIES PRIVATE LIMITED	Director	16-08-95	16-08-95	11-06-07	Active	NO
4	U15311OR1997PTC004925	KUNJ ROLLER FLOUR MILLS PRIVATE LIMITED	Director	07-05-97	07-05-97	25-09-08	Active	NO
5	U31300WB1961PLC025104	GUPTA POWER INFRASTRUCTURE LIMITED	Director	05-09-97	05-09-97	-	Active	NO
6	U31300OR1994PTC003570	TIRUPATI CONDUCTORS PRIVATE LIMITED	Director	27-09-97	27-09-97	01-06-07	Active	NO
7	U27310OR1997PLC004783	SHREEJI ISPAT LIMITED	Director	01-04-99	01-04-99	16-11-09	Active	NO
8	U15541OR2000PTC006053	J R G CENTER FOR LEARNING AND EDUCATION PRIVATE LIMITED	Director	21-01-00	21-01-00	11-06-07	Active	NO
9	U28999OR2001PTC006627	JRG DEVELOPERS PRIVATE LIMITED	Director	18-10-01	18-10-01	11-06-07	Active	NO
10	U15312OR2004PTC007604	JAI LAXMI AGRO FOODS PRIVATE LIMITED	Director	21-05-04	21-05-04	-	Active	NO
11	U00896OR2005PTC008487	IDEAS ACTIVATED PRIVATE LIMITED	Managing director	14-12-05	14-12-05	-	Active	NO
12	U40101WB2007PTC113495	GREAT EASTERN POWER PROJECTS PRIVATE LIMITED	Director	16-02-07	16-02-07	22-04-09	Active	NO
13	U29299WB2007PTC113494	A ONE ENGINEERING PROJECTS PRIVATE LIMITED	Director	16-02-07	16-02-07	11-06-07	Active	NO

Name :

Mrs. Kiran Devi Gupta

Designation :

Director

Address :

Gupta Niwas Station Road, Bhubaneshwar, Khurda – 751006, Orissa, India

Date of Birth/Age :

18.01.1945

Date of Appointment :

01.01.2004

DIN No.:

01348787

Name :

Mr. Abhishek Gupta

Designation :

Director

Address :

Gupta Niwas Station Road, Bhubaneshwar, Khurda – 751006, Orissa, India

Date of Birth/Age :

02.03.1975

Date of Appointment :

20.12.2006

DIN No.:

00492732

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U15311DL1987PLC029900	BHAWANI ROLLER FLOUR MILLS LIMITED	Director	22-08-97	22-08-97	01-06-07	Active	NO
2	U28999OR2001PTC006627	JRG DEVELOPERS PRIVATE LIMITED	Director	18-10-01	18-10-01	11-06-07	Active	NO
3	U27203OR2000PTC006119	KUNJ ALLOYS PRIVATE LIMITED	Director	26-03-08	28-12-02	25-03-09	Active	NO
4	U31300OR1994PTC003570	TIRUPATI CONDUCTORS PRIVATE LIMITED	Director	29-03-03	29-03-03	02-12-08	Active	NO
5	U31300WB1961PLC025104	GUPTA POWER INFRASTRUCTURE LIMITED	Director	20-12-06	20-12-06	-	Active	NO
6	U29299WB2007PTC113494	A ONE ENGINEERING PROJECTS PRIVATE LIMITED	Director	16-02-07	16-02-07	-	Active	NO
7	U15311AP1980PTC002839	SUPRABHAT ROLLER FLOUR MILLS PRIVATE LIMITED	Director	08-01-08	08-01-08	10-02-10	Active	NO
8	U27310OR1997PLC004783	SHREEJI ISPAT LIMITED	Director	30-09-08	08-02-08	16-11-09	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

(AS ON 30.09.2011)

Names of Shareholders	No. of Shares (Equity)
Bhagat Ram Gupta	9228
Kiran Devi Gupta	11346
Mahendra Kumar Gupta	24398
Padma Devi Gupta	28810
Sushila Devi Gupta	5465
Bhagawatilal Prasad Agrawala	166
Sharada Kumari Agrawala	50
Jitendra Mohan Gupta	10000
Abhishek Gupta	6644
Adi Narayan Gupta H.U.F.	29031
Subhash Chandra Gupta H.U.F.	29008
Rekha Gupta	29373
Pooja Gupta	2000
Mahendra Kumar Gupta H.U.F.	29345
Bhagat Ram Gupta H.U.F.	29400
Bhagat Ram Gupta M.H.U.F.	11900
Bhagat Ram Gupta S.H.U.F.	12000
Sunita Devi Gupta	29347
Fidelity Marketing (Private) Limited, India	123800
Flexo Contra Private Limited, India	73200
Hariomm Vanijya Private Limited, India	50000
ARP Securities Private Limited, India	59400
Juhi Vanijya Private Limited, India	43600

Names of Shareholders	No. of Shares (Preference)
Subhash Chandra Gupta	4495
Adi Narayan Gupta	2250

(AS ON 30.09.2011)

Equity Shares Break – up

Category	Percentage
Bodies corporate	53.00
Directors or relatives of directors	47.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer and Supplier of Aluminium Cables and Conductors.
Products :	· Aluminium and Alloy bare electrical transmission line conductor · Power and Control Cables · PSC Poles · Aluminium and Alloy wire Rods

PRODUCTION STATUS (AS ON 31.03.2010)

Particulars	Unit	Licensed Capacity	Installed Capacity	Actual Production
AAAC/ ACSR/ AAC Conductors, Wires, Cables, etc.	MTs	96969	96969	50605.300

GENERAL INFORMATION

Customers :

National Clients

· ABB Limited

· A2Z Maintenance and Engineering Limited

· All State Electricity Boards.

· Associated Transrail Structure Limited

· AREVAT and D Systems India Limited

· Bhusan Power Steel Limited

· Coal Fields (NCL, WCL, CCL, MCL).

· Crompton Greaves Limited

· Damodar Valley Corporation

· ECI Engg and Construction Company Limited

· EMCO Limited

· Essar Construction Limited

· ICOMM Tele Limited

· IVRCL Infrastructure and Projects Limited

· Jindal Steel and Power Limited

· Jyoti Structure Limited

· Kalpataru Power Transmission Limited

· KEC International Limited

· LANCO Infratech Limited

· Larsen and Toubro Limited

· Mytas Infra Limited

· National Hydroelectric Power Corporation (NTPC).

· Overseas Infrastructure Limited

· Power Grid Corporation of India Limited

· PEC Limited

· Power Links Transmission Limited

· Reliance Energy Limited

· Shayma Power India Limited

· Siemens Limited

· SPIC – Smo.

· Subash Projects and Marketing Limited

· TATA Projects Limited

· Vijay Electrical Limited

International Clients:

· Bhutan Power Corporation.

· Ethiopia Electric Power Corporation.

· Kenya Power Corporation.

· Ministry of Energy and Water Afghanistan.

· Nepal Electricity Authority

No. of Employees :

Not Available

Bankers :

· Canara Bank,

Buxi Bazar Branch, Mangalabagh, Cuttack – 753 001, Orissa, India

· Canara Bank,

Sur Complex, Mangalabagh, Cuttack – 753 001, Orissa, India

· Axis Bank Limited

· Allahabad Bank

· ICICI Bank Limited

· HDFC Bank Limited

Facilities :

Secured Loans	31.03.2010	31.03.2009
	(Rs. In Millions)
Working Capital Loan against Hypothecation of stocks and Book Debts from:
Canara Bank	566.452	659.334
Axis Bank Limited	66.245	(5.097)
Allahabad Bank	116.129	33.818
Term Loam From Canara Bank against hypothecation of fixed assets.
Canara Bank	123.991	111.252
Allahabad Bank	107.206	80.741
Term Loan against hypothecation of vehicles from:
ICICI Bank Limited	0.024	0.996
HDFC Bank Limited	0.080	0.531
Axis Bank Limited	3.191	2.555
Kotak Mahindra Bank	0.485	0.000
Total	983.803	884.130
Unsecured Loans	31.03.2010	31.03.2009
	(Rs. In Millions)
Maytas Infra Limited	50.000	--
Orissa Small Scale Industrial Corporation	78.680	102.042
Modwear Export Private Limited	--	5.000
Manmohan Gupta	0.599	--
Subash Chandra Gupta (HUF)	1.716	--
Total	130.995	107.042

Banking Relations :	--
Auditors :
Name :	Das Maulik Mahendra K Agrawal and Company Chartered Accountants
Address :	AT-B Block, Monalika Apartment, Old Station Square, Cuttack Road, Bhubaneshwar – 751 006, Orissa, India
Tel. No.:	91-674-2312791/ 2313039
Fax No.:	91-674-2313487
E-Mail :	dmmka_ho@yahoo.co.in magrawala@yahoo.com
PAN No.:	AAEFD6922C
Associates/Subsidiaries :	· Tirupati Conductors Private Limited U31300OR1994PTC003570 · Kunj Alloys Private Limited U27203OR2000PTC006119 · Kunj Engineers and Consultants Private Limited U28999OR2001PTC006627

CAPITAL STRUCTURE

(AS ON 30.09.2011)

Authorised Capital :

No. of Shares	Type	Value	Amount
990000	Equity Shares	Rs.100/- each	Rs.99.000 Millions
10000	12% Cumulative Redeemable Preference Shares	Rs.100/- each	Rs.1.000 Million
	Total		Rs.100.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
644491	Equity Shares	Rs.100/- each	Rs.64.449 Millions
9765	12% Cumulative Redeemable Preference Shares	Rs.100/- each	Rs.0.977 Million
	Total		Rs.65.426 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2010	31.03.2009	31.03.2008
SHAREHOLDERS FUNDS
1] Share Capital		65.426	58.426	30.426
2] Share Application Money		0.000	59.400	280.000
3] Reserves & Surplus		970.341	723.954	320.858
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		1035.767	841.780	631.284
LOAN FUNDS
1] Secured Loans		983.803	884.130	655.821
2] Unsecured Loans		130.995	107.042	82.881
TOTAL BORROWING		1114.798	991.172	738.702
DEFERRED TAX LIABILITIES		1.910	1.564	1.114
TOTAL		2152.475	1834.516	1371.100
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		537.651	220.479	102.338
Capital work-in-progress		156.116	160.293	126.374
INVESTMENT		10.009	9.557	44.061
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	505.663	302.634	386.700
	Sundry Debtors	1250.165	1410.520	1024.230
	Cash & Bank Balances	381.355	368.677	206.451
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	182.934	186.081	177.854
Total Current Assets		2320.117	2267.912	1795.235
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	663.739	652.547	544.908
	Other Current Liabilities	140.725	138.479	125.326
	Provisions	68.002	34.103	27.045
Total Current Liabilities		872.466	825.129	697.279
Net Current Assets		1447.651	1442.783	1097.956
MISCELLANEOUS EXPENSES		1.048	1.404	0.371
TOTAL		2152.475	1834.516	1371.100

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008
	SALES
		Income	7668.734	7021.401	5321.878
		Other Income	2.039	1.129	4.742
		TOTAL (A)	7670.773	7022.530	5326.620
Less	EXPENSES
		Material Used	5954.194	5313.508	4155.906
		Accretion to Stocks	(55.251)	75.802	(63.080)
		Manufacturing Expenses	800.466	834.597	719.821
		Administrative Expenses	93.968	52.712	44.973
		Selling & Distribution Expenses	414.655	319.191	216.736
		TOTAL (B)	7208.032	6595.810	5074.356
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		462.741	426.720	252.264
Less	FINANCIAL EXPENSES (D)		221.263	235.986	131.862
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		241.478	190.734	120.402
Less/ Add	DEPRECIATION/ AMORTISATION (F)		10.965	7.949	5.515
	PROFIT BEFORE TAX (E-F) (G)		230.513	182.785	114.887
Less	TAX (H)		40.399	28.026	39.536
	PROFIT AFTER TAX (G-H) (I)		190.114	154.759	75.351
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		--	--	--
Less	APPROPRIATIONS
		Dividend	5.864	3.060	1.472
		Tax on Dividend	0.996	0.557	0.250
	BALANCE TRANSFERRED TO RESERVE AND SURPLUS		183.254	151.142	73.629
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	NA	1581.500	1155.831
	TOTAL EARNINGS		NA	1581.500	1155.831
	IMPORTS
		Raw Materials	NA	472.638	80.825
	TOTAL IMPORTS		NA	472.638	80.825
	Earnings Per Share (Rs.)		294.98	269.38	255.87

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
PAT / Total Income	(%)	2.48	2.20	1.41
Net Profit Margin (PBT/Sales)	(%)	3.01	2.60	2.16
Return on Total Assets (PBT/Total Assets}	(%)	8.07	7.35	6.05
Return on Investment (ROI) (PBT/Networth)		0.22	0.22	0.18
Debt Equity Ratio (Total Liability/Networth)		1.92	2.16	2.27
Current Ratio (Current Asset/Current Liability)		2.66	2.75	2.57

LOCAL AGENCY FURTHER INFORMATION

NOTE:

He Registered office of the company has been shifted from, 7 Mangoe Laner No.302 and 303, 3^rd Floor, Kolkata – 700001, Maharashtra, India, to the present address w.e.f. 18.01.2011.

CONTINGENT LIABILITIES

Particulars	31.03.2010 (Rs. in millions)	31.03.2009 (Rs. in millions)
i) Claims against the company pending appellate/ judicial decisions A. Appeal pending against order issued by ACCT, Puri Range, BBSR (For Sales Tax)	NA	40.184
B. Appeal pending against order issued by ACCT, Puri Range, BBSR (For Entry Tax )	NA	11.104
ii) Bank Guarantees issued by bankers on behalf of the company.	NA	2159.817

FORM 8:

Corporate identity number of the company	U31300WB1961PLC025104
Name of the company	GUPTA POWER INFRASTRUCTURE LIMITED
Address of the registered office or of the principal place of business in India of the company	EN-62, Sector – V, 7^th Floor, Salt Lake City, Kolkata – 700091, West Bengal, India sharma_gl@yahoo.com
This form is for	Modification of charge
Charge identification number of the modified	10135785
Type of charge	Immovable Property Book Debts Movable Property
Particular of charge holder	Canara Bank, Sur Complex, Mangalabagh, Cuttack – 753 001, Orissa, India E-Mail: cb2080@canarabank.com
Nature of description of the instrument creating or modifying the charge	Working capital consortium agreement, joint deed of hypothecation, inter se agreement, term loan agreement under consortium, memorandum of entries.
Date of instrument Creating the charge	14.12.2011
Amount secured by the charge	Rs.9636.000 millions
Brief particulars of the principal terms and conditions and extent and operation of the charge	Rate of Interest: As per sanction Letters Terms of Repayment: As per sanction Letters Margin: As per sanction Letters Extent and Operation of the charge: All fixed assets including land and building at Kashipur, Khurda, Chennai (Gumudipoondi) P and M, F and F, Other Fixed Assets ranking on 1st paripassu basis among Canara Bank. Allahbad Bank and Axis Bank for their share of term loan and 2nd pari passu charge among all consortium members for working capital limit. All other current assets including stock and book debts are ranking 1st pari passu charge between all the consortium members and 2nd pari passu charge among all consortium members for their share of TL.
Short particulars of the property charged	As per memorandum of entries
Date of latest modification prior to the present modification	12/03/2011
Particulars of the present modification	By this modification the overall limit has been increased from Rs.7125.000 Millions to Rs.9636.000 Millions as follows Canara Bank - Rs 5180.750 Millions Allahbad Bank - Rs 3198.250 Millions Axis Bank - Rs 1257.000 Millions TOTAL - Rs 9636.000 Millions

FIXED ASSETS:

· Land

· Land (Leasehold)

· Plant and Machinery

· Other Auxiliary Equipment

· Fork Lift

· Air Conditioner

· Computers

· Cycle

· Office Building and stores

· Electrical Equipment

· Furniture and Fixture

· Laboratory Equipment

· Gober Gas Plant

· Telephone

· Type Writer and Office Equipment

· Generator

· Crane

· Water Cooler

· Truck

· Geyser

· Weigh Bridge

· Tractor

WEBSITE DETAILS:

HISTORY:

Subject [formerly known as Gupta Cables Private Limited] is a trusted and proven name in the field of electrical transmission and distribution line products. The company is a recognized Export House and ISO 9001 2000 certified manufacturer and supplier of all types and sizes of Aluminium and Alloy bare electrical transmission line conductor, Power and Control Cables, Aluminium and Alloy wire Rods, PSC Poles. The Company has also its own Power Infrastructure Division.

Subject during its 30 years existence has evolved and emerged as a key player in conductor industry through perpetual improvement in quality and services, constant innovation and technology up-gradation. The company has the distinction of being among the few mainstream manufacturers of extra high voltage power conductor in India and is striving hard to develop new generation energy saving high temperature endurance conductors through utilization of super conductor technology. With an installed capacity in excess of 35,000 Mts per annum, the company is fully capable of executing voluminous orders at the shortest possible time schedule. Besides meeting the domestic market requirement the company, which incidentally is a recognized Export House status holder regularly executes bulky export and deemed export supply contracts.

Over the years the company has diversified its activities to manufacture of Aluminium and Alloy wire Rods, all types of Control and Power Cables under the name and style of "G-CAB" and PSC Poles with steam curing facility. The company has its own power infrastructure project division for carrying out electrification works on turnkey basis.

In view of the unprecedented boom in power sector, the company has set up fully integrated plants in Kashipur (Utaranchal), Khurda (Orissa), conductor manufacturing facility in Goomudipondi, Tamil Nadu in addition to its core business establishment in Bhubaneswar, Orissa. Further, land acquisition for proposed conductor manufacturing facility in Silvasa is already over.

The company's future looks very bright considering the huge requirement of transmission line products especially due to the "Power for all by 2012" programme launched by Ministry of Power (MOP).

Management

Senior Leadership Team

Gupta Power is led by an able group of dedicated and highly experienced professionals. Their expertise and experience from diverse backgrounds blend well with the organization needs, aptly forming the inspiring force for one and all in the company. The commitment lines have been drawn well in making Gupta Power the best managed company in its category in India.

Projects:

The company has formed its own Power infrastructure Project Division consisting of strong and experienced work force. The division has been growing steadily ever since its inception and has already made its presence felt in the strong turnkey electrification market by undertaking various electrification works on turnkey basis. Within a very short period the company has completed electrification works of more than 100 villages on turnkey basis in record time under CESU and SOUTHCO areas in Orissa.

The company’s future looks very bright considering the high demand of transmission line products especially in the upcoming Rural Electrification works under Rajiv Gandhi Gramin Vidyutikaran Yojona (RGGVY) of Government of India, Biju Grama Jyoti Yojona (BGJY) of Government of Orissa and also under Accelerated Power Development and Reform Programme (APDRP) of various Electricity Boards and DISCOMS.

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.50.03
UK Pound	1	Rs.79.32
Euro	1	Rs.66.02

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
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	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		46

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
-	NB	New Business	-

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.