MIRA INFORM REPORT

Report Date :

02.05.2012

IDENTIFICATION DETAILS

Name :	LALKUAN STONE CRUSHERS LIMITED
Formerly Known As :	LALKUAN STONE CRUSHERS PRIVATE LIMITED
Registered Office :	Kumar Oxygen Compound, Rampur Road, Rudrapur – 263153, Uttarakhand
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	13.04.1988
Com. Reg. No.:	20-009533
Capital Investment / Paid-up Capital :	Rs.199.578 Millions
CIN No.: [Company Identification No.]	U269447UR1988PLC009533
TAN No.: [Tax Deduction & Collection Account No.]	MRTL00254C
PAN No.: [Permanent Account No.]	AAACL3025F
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer of Stone Grits.
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 1200000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track. Trade relations are reported as fair. Business is active. Payments are reported to be usually correct and as per commitments. The company can be considered 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 / Corporate Office :	Kumar Oxygen Compound, Rampur Road, Rudrapur – 263153, Uttarakhand, India
Tel. No.:	91-5944-244445
Fax No.:	91-5944-242897
E-Mail :	sohansrp1@gmail.com kumaroxygen@yahoo.co.in
Website :	www.kgindustry.com
Factory :	Village – Hathikhal, Goraparao, Burali Road, P.O. Arjunpur, Haldeani - 263153, Uttarakhand, India
Tel. No.:	91-5946-232704
Fax No.:	91-5946-232702
Branch Office:	D-130,3rd Floor, Anand Vihar, Delhi, India

DIRECTORS

As on 30.09.2011

Name :

Mr. Shiv Kumar Agarwal

Designation :

Chairman cum Managing Director

Address :

21/1, DIDR Civil lines, Nainital Road, Rudrapur – 263153, Uttarakhand, India

Date of Birth/Age :

10.12.1952

Date of Appointment :

19.09.1997

DIN No.:

00657046

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	U20101UR1984PTC006746	GREEN GOLD FLOWERS PRIVATE LIMITED	Director	20/09/1984	20/09/1984	-	Active	NO
2	U11101UR1985PTC007189	KUMAON GASES PRIVATE LIMITED	Director	14/05/1985	14/05/1985	-	Active	NO
3	U28121UR1985PTC007188	KUMAR OXYGEN PRIVATE LIMITED	Director	14/05/1986	14/05/1986	-	Active	NO
4	U50101DL1987PTC027700	MITIKA AGENCIES PRIVATE LIMITED	Director	18/12/1988	18/12/1988	-	Active	NO
5	U15142UR1991PTC013171	KUMAR ISPAT PRIVATE LIMITED	Director	30/05/1991	30/05/1991	-	Active	NO
6	U26944UR1988PLC009533	LALKUAN STONE CRUSHERS LIMITED	Managing director	1/12/2009	19/09/1997	-	Active	NO
7	U27104UR1989PTC010686	KUMAR INFRASTRUCTURE DEVELOPMENT PRIVATE LIMITED	Director	28/02/2004	28/02/2004	-	Active	NO
8	U01400DL2009PLC193515	NANDANI FLOURICULTURE LIMITED	Director	24/08/2009	24/08/2009	-	Active	NO
9	U01400DL2009PTC193513	AGARWAL CROPS PRIVATE LIMITED	Director	24/08/2009	24/08/2009	-	Active	NO
10	U01400DL2009PLC193563	UTTARAKHAND AGRICULTURE COMPANY LIMITED	Director	25/08/2009	25/08/2009	-	Active	NO

Name :

Mr. Rukman Agarwal

Designation :

Director

Address :

21/1, DIDR Civil lines, Nainital Road, Rudrapur – 263153, Uttarakhand, India

Date of Birth/Age :

06.09.1953

Date of Appointment :

19.09.1997

DIN No.:

00657081

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	U20101UR1984PTC006746	GREEN GOLD FLOWERS PRIVATE LIMITED	Director	28/02/1987	28/02/1987	-	Active	NO
2	U28121UR1985PTC007188	KUMAR OXYGEN PRIVATE LIMITED	Managing director	1/1/2010	3/9/1988	-	Active	NO
3	U15142UR1991PTC013171	KUMAR ISPAT PRIVATE LIMITED	Director	30/05/1991	30/05/1991	-	Active	NO
4	U11101UR1985PTC007189	KUMAON GASES PRIVATE LIMITED	Managing director	4/9/1995	4/9/1995	-	Active	NO
5	U26944UR1988PLC009533	LALKUAN STONE CRUSHERS LIMITED	Director	19/09/1997	19/09/1997	-	Active	NO
6	U27104UR1989PTC010686	KUMAR INFRASTRUCTURE DEVELOPMENT PRIVATE LIMITED	Director	28/02/2004	28/02/2004	-	Active	NO
7	U01400DL2009PTC193516	TARAI TISSUE CULTURE PRIVATE LIMITED	Director	24/08/2009	24/08/2009	-	Active	NO
8	U01400DL2009PLC193514	KUMAR CULTIVATORS LIMITED	Director	24/08/2009	24/08/2009	-	Active	NO
9	U01400DL2009PTC193548	SARTHAK HURBELS PRODUCTS PRIVATE LIMITED	Director	25/08/2009	25/08/2009	-	Active	NO

Name :

Mr. Saurabh Agarwal

Designation :

Whole – Time Director

Address :

21/1, DIDR Civil lines, Nainital Road, Rudrapur – 263153, Uttarakhand, India

Date of Birth/Age :

08.09.1978

Date of Appointment :

19.07.1997

DIN No.:

00657185

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	U26944UR1988PLC009533	LALKUAN STONE CRUSHERS LIMITED	Whole-time director	1/12/2009	19/07/1997	-	Active	NO
2	U63033UP1999PTC024478	KUMAR ROADLINES PRIVATE LIMITED	Director	24/07/2002	24/07/2002	-	Active	NO
3	U15142UR1991PTC013171	KUMAR ISPAT PRIVATE LIMITED	Managing director	30/04/2003	30/04/2003	-	Active	NO
4	U01400DL2009PLC193514	KUMAR CULTIVATORS LIMITED	Director	24/08/2009	24/08/2009	-	Active	NO
5	U01400DL2009PTC193548	SARTHAK HURBELS PRODUCTS PRIVATE LIMITED	Director	25/08/2009	25/08/2009	-	Active	NO

Name :

Mr. Abhishek Agarwal

Designation :

Whole – Time Director

Address :

21/1, DIDR Civil lines, Nainital Road, Rudrapur – 263153, Uttarakhand, India

Date of Birth/Age :

04.07.1976

Date of Appointment :

19.09.1997

DIN No.:

01319670

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	U28121UR1985PTC007188	KUMAR OXYGEN PRIVATE LIMITED	Director	30/05/1993	30/05/1993	30/07/2008	Active	NO
2	U11101UR1985PTC007189	KUMAON GASES PRIVATE LIMITED	Director	30/05/1993	30/05/1993	-	Active	NO
3	U50101DL1987PTC027700	MITIKA AGENCIES PRIVATE LIMITED	Director	5/1/1994	5/1/1994	-	Active	NO
4	U26944UR1988PLC009533	LALKUAN STONE CRUSHERS LIMITED	Whole-time director	1/12/2009	19/09/1997	-	Active	NO
5	U63033UP1999PTC024478	KUMAR ROADLINES PRIVATE LIMITED	Director	24/07/2002	24/07/2002	-	Active	NO
6	U27104UR1989PTC010686	KUMAR INFRASTRUCTURE DEVELOPMENT PRIVATE LIMITED	Director	28/02/2004	28/02/2004	-	Active	NO
7	U01400DL2009PTC193516	TARAI TISSUE CULTURE PRIVATE LIMITED	Director	24/08/2009	24/08/2009	-	Active	NO
8	U01400DL2009PLC193515	NANDANI FLOURICULTURE LIMITED	Director	24/08/2009	24/08/2009	-	Active	NO

Name :

Mrs. Amita Agarwal

Designation :

Whole – Time Director

Address :

21/1, DIDR Civil lines, Nainital Road, Rudrapur – 263153, Uttarakhand, India

Date of Birth/Age :

24.04.1975

Date of Appointment :

01.12.2005

DIN No.:

01319744

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	U63033UP1999PTC024478	KUMAR ROADLINES PRIVATE LIMITED	Director	24/07/2002	24/07/2002	-	Active	NO
2	U26944UR1988PLC009533	LALKUAN STONE CRUSHERS LIMITED	Whole-time director	1/12/2009	1/12/2005	-	Active	NO
3	U01400DL2009PLC193563	UTTARAKHAND AGRICULTURE COMPANY LIMITED	Director	25/08/2009	25/08/2009	-	Active	NO

Name :

Mrs. Sarina Agarwal

Designation :

Whole – Time Director

Address :

21/1, DIDR Civil lines, Nainital Road, Rudrapur – 263153, Uttarakhand, India

Date of Birth/Age :

24.04.1978

Date of Appointment :

01.12.2005

DIN No.:

01319821

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	U26944UR1988PLC009533	LALKUAN STONE CRUSHERS LIMITED	Whole-time director	1/12/2009	1/12/2005	-	Active	NO
2	U01400DL2009PTC193513	AGARWAL CROPS PRIVATE LIMITED	Director	24/08/2009	24/08/2009	-	Active	NO
3	U74899DL1990PTC042522	SAURABH ENTERPRISES PRIVATE LIMITED	Director	29/09/2009	29/09/2009	-	Active	NO

Name :

Mr. Brij Bhushan Goel

Designation :

Director

Address :

516 Surta Enclave, Stajion Road, Rudrapur – 263153, Uttarakhand, India

Date of Birth/Age :

14.11.1951

Date of Appointment :

31.03.2008

DIN No.:

01922614

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	U74899DL1990PTC042522	SAURABH ENTERPRISES PRIVATE LIMITED	Director	1/10/1996	1/10/1996	15/10/2009	Active	NO
2	U28121UR1985PTC007188	KUMAR OXYGEN PRIVATE LIMITED	Director	30/09/2008	31/03/2008	-	Active	NO
3	U26944UR1988PLC009533	LALKUAN STONE CRUSHERS LIMITED	Director	30/09/2008	31/03/2008	-	Active	NO

Name :

Mr. Badam Singh

Designation :

Director

Address :

430, Gram Haldwani Talli-2, Nainital – 263139, Uttarakhand, India

Date of Birth/Age :

15.04.1964

Date of Appointment :

15.11.2010

DIN No.:

03218257

Name :

Mr. Rakesh Kumar

Designation :

Director

Address :

232, Sekhaura Bhag-2, Sekhaura, Hardoi – 341222, Uttar Pradesh, India

Date of Birth/Age :

15.12.1968

Date of Appointment :

15.11.2010

DIN No.:

03218268

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	U15142UR1991PTC013171	KUMAR ISPAT PRIVATE LIMITED	Director	30/09/2011	15/11/2010	-	Active	NO
2	U26944UR1988PLC009533	LALKUAN STONE CRUSHERS LIMITED	Director	30/09/2011	15/11/2010	-	Active	NO

Name :

Mr. Anil Kumar

Designation :

Director

Address :

House no.105, Basaee, Badayoon – 202520, Uttar Pradesh, India

Date of Birth/Age :

10.08.1970

Date of Appointment :

15.11.2010

DIN No.:

03258486

Name :

Mr. Lokesh Gupta

Designation :

Director

Address :

257, Awas Vikas Votra, Shiv Nagar, Pudrapur – 263153, Uttarakhand, India

Date of Birth/Age :

27.06.1961

Date of Appointment :

15.11.2010

DIN No.:

03294751

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2011

Names of Shareholders	No. of Shares
Shiv Kumar Agarwal	243985
Rukman Agarwal	175405
Abhishek Agarwal	147920
Saurabh Agarwal	130410
Sarina Agarwal	58460
Amita Agarwal	62960
Shivkumar Agarwal (Karta) Shivkumar Agarwal (HUF)	20880
Abhishek Agarwal (Karta) Abhishek Agarwal (HUF)	20430
Sourabh Agarwal (Karta) Sourabh Agarwal (HUF)	19470
Mitika Agarwal	700
Kumar Roadlines Limited, India	166270
Mitika Agencies Limited, India	185840
Saurabh Enterprises Limited, India	182955
Green Gold Flowers Private Limited, U.K.	91870
Kumar Cultivators Limited, India	118300
Nandini Floriculture Limited, India	118280

As on 30.09.2011

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Bodies corporate	53.20
Directors or relatives of Directors	44.12
Other top fifty shareholders	2.68
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Stone Grits.

Products :

Product Description	ITC Code
Stone Grits	68042390

• Glass Stones
• Imperial Red Slabs
• Artificial Counter tops
• Acrylic Artificial Stone
• Opal Stone
• Silver grey Quartzite

PRODUCTION STATUS (As on 31.03.2011)

Installed Capacity: 1200.00 Ton Per Hour

Particulars	Unit	Actual Production
Stone Grits	Qtls	38966913

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

State Bank of India, Main Branch, Rudrapur, Udham Singh Nagar - 263153, Uttaranchal, India

Facilities :

(Rs. In Millions)

Secured Loan	As on 31.03.2011	As on 31.03.2010
Rupee term loans banks secured	90.377	65.342
Rupee term loans financial institutions secured	35.932	39.335
Working capital loans banks secured	346.256	174.619
Total	472.565	279.296
Unsecured Loan	As on 31.03.2011	As on 31.03.2010
Working capital loans others unsecured	42.129	2.552
Total	42.129	2.552

Banking Relations :	--
Auditors :
Name :	Sharda and Bahuguna Chartered Accountant
Address :	Hydel Road Tehri Pulia, Kathgodam Nainital, Uttarakhand, India
PAN.:	AADFS5951P

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
2200000	Equity Shares	Rs.100/- each	Rs.220.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1995780	Equity Shares	Rs.100/- each	Rs.199.578 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		199.578	169.378	62.175
2] Share Application Money		10.000	14.501	87.359
3] Reserves & Surplus		93.558	56.443	27.093
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		303.136	240.322	176.627
LOAN FUNDS
1] Secured Loans		472.565	279.296	132.776
2] Unsecured Loans		42.129	2.552	7.536
TOTAL BORROWING		514.694	281.848	140.312
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		817.830	522.170	316.939
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		283.747	289.554	174.089
Capital work-in-progress		70.341	0.028	0.042
INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		6.103	6.953	8.126
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	481.006	296.919	155.946
	Sundry Debtors	34.261	38.350	22.464
	Cash & Bank Balances	16.943	14.756	12.855
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	65.966	23.697	15.860
Total Current Assets		598.176	373.722	207.125
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	50.644	43.468	48.893
	Other Current Liabilities	41.448	79.249	5.497
	Provisions	48.445	25.370	18.053
Total Current Liabilities		140.537	148.087	72.443
Net Current Assets		457.639	225.635	134.682
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		817.830	522.170	316.939

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Operating revenue, net	839.733	724.751	642.721
		Other Income	15.157	13.473	4.433
		TOTAL (A)	854.890	738.224	647.154
Less	EXPENSES
		Consumption materials changes inventories	563.327	523.879
		Manufacturing service costs	93.433	86.164
		Employee related expenses	21.229	16.042	587.414
		Administrative selling other expenses	28.028	18.030
		TOTAL (B)	706.017	644.115	587.414
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		148.873	94.109	59.740
Less	FINANCIAL EXPENSES (D)		38.744	14.439	15.394
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		110.129	79.670	44.346
Less/ Add	DEPRECIATION/ AMORTISATION (F)		55.263	37.740	31.815
	PROFIT BEFORE TAX (E-F) (G)		54.866	41.930	12.531
Less	TAX (H)		17.751	12.080	5.055
	PROFIT AFTER TAX (G-H) (I)		37.115	29.850	7.476
	BALANCE CARRIED TO THE B/S		37.115	29.850	7.476
	Earnings Per Share (Rs.)		18.60	NA	NA

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	4.34	4.04	1.12
Net Profit Margin (PBT/Sales)	(%)	6.53	5.79	1.95
Return on Total Assets (PBT/Total Assets}	(%)	6.22	6.32	3.29
Return on Investment (ROI) (PBT/Networth)		0.18	0.17	0.07
Debt Equity Ratio (Total Liability/Networth)		2.16	1.79	1.20
Current Ratio (Current Asset/Current Liability)		4.26	2.54	2.86

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	No
17) Major suppliers	No
18) Major customers	No
19) Payments terms	No
20) Export / Import details (if applicable)	No
21) Market information	--
22) Litigations that the firm / promoter	--
23) Banking Details	Yes
24) Banking facility details	Yes
25) Conduct of the banking account	--
26) Buyer visit details	--
27) Financials, if provided	Yes
28) Incorporation details, if applicable	Yes
29) Last accounts filed at ROC	Yes
30) Major Shareholders, if available	Yes

OPERATIONS

The performance of the Company has improved during the year shown improvement over the previous year. The Total Income during year amounted to Rs.854.891 Millions as against Rs.738.224 Millions in the preceding year recording the growth of 15.80%. The Company reported a higher Net Profit amounting to Rs.37.115 Millions as against Rs.29.850 Millions in the preceding year. With the increased expenditure on infrastructure and growing demand in Real estate sector, the company is poised to record significant growth in the times ahead.

Bankers Charges Report as per Registry

Corporate identity number of the company	U26944UR1988PLC009533
Name of the company	LALKUAN STONE CRUSHERS LIMITED
Address of the registered office or of the principal place of business in India of the company	Kumar Oxygen Compound, Rampur Road, Rudrapur – 263153, Uttarakhand sohansrp1@gmail.com
This form is for	Modification of charge
Charge identification (ID) number of the charge to be modified	90278635
Type of charge	Immovable property Book debts Movable property (not being pledge) Floating charge Others (Fixed Assets)
Particular of charge holder	State Bank of India, Main Branch, Indira Chowk, Rudrapur, Udham Singh Nagar – 263153, Uttarakhand, India sbi.0078@sbi.co.in
Nature of instrument creating charge	1. Supplemental Agreement of Loan cum Hypothecation. 2. Letter of Arrangement 3. Memorandum for recording extension of Mortgage by Deposit of Title Deeds 4. Letter of confirmation for extension of Mortgage by Deposit of Title Deeds
Date of instrument Creating the charge	15.03.2012
Amount secured by the charge	Rs.508.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest CC -@ 6.00% margin above the Base Rate. Present effective rate 16.00% p.a. with monthly rests. TL-@ 6.50% margin above the Base Rate. Present effective rate 16.50% p.a. with monthly rests Terms of Repayment 1.Working Capital - Repayable on demand 2. Term Loans- As per existing repayment schedule. Margin 25% on Raw material-Domestic 40% on Consumables / Spares / Store / Tools / Fules / Oils etc. 25% on Finished Goods 50% on Book Debts / receivables (cover period 45 days) 10% on Open Term Loan Extent and Operation of the charge The Company's movable and immovable properties as mentioned hereunder are hypothecated and mortgaged to secure following credit facilities aggregating to Rs.508.000 Millions granted by the Bank to the Borrower.
Short particulars of the property or asset(s) charged (including complete address and location of the property)	Exclusive charge by way of Hypothecation of entire current assets, all stocks of raw materials, stores and spares, consumable, SIP, semi finished and finished goods (present and future) etc. of the Borrower. Hypothecation of all present and future book debts / receivables as also clean or documentary bills, domestic or export, outstanding moneys, claims, invoices, investment and right etc. of the Borrower. Exclusive charge by way of Hypothecation of all present and future machinery and fixed assets belonging to or in the possession or under the control of the borrower wherever lying stored and kept or in transit. Extension of Equitable mortgage by deposit of title deeds in respect of immovable properties situated at Village Hathikhal, Tehsil Haldwani, District Nainital (UK). Extension of Equitable mortgage by deposit of title deeds in respect of immovable properties situated at Bhikampuri, Tehsil, Bazpur, District. Udham Singh Nagar. Extension of Equitable mortgage by deposit of title deeds in respect of immovable properties situated at Village Banna Khera,Tehsil Bazpur, District. Udham Singh Nagar. Extension of EM by deposit of title deeds in respect of immovable properties situated at Village Bhikampuri, P.O. Bannkhera, Tehsil Bazpur, District. U.S. Nagar. Extension of Equitable mortgage by deposit of title deeds in respect of immovable properties situated at Village Bahunagar Alias Sirsa, Tehsil Baheri, District. Bareilly. Extension of Equitable mortgage by deposit of title deeds in respect of immovable properties situated at Village Ajeetpur, Tehsil, Kichha, District. Udham Singh Nagar. Extension of Equitable mortgage by deposit of title deeds in respect of immovable properties situated at Village. Bhikampuri, Tehsil Bazpur, District. Udham Singh Nagar.
Date of instrument modifying the charge	21.12.2010
Particulars of the present modification	The aggregate amount of various credit facilities granted by the Bank has now been reduced / modified from Rs.535.700 Millions to Rs.508.000 Millions. Therefore, total amount of charge secured against Hypothecation of entire current assets, book debts, plant and machinery etc.and equitable mortgage of immovable properties as per details mentioned in column No.15 above have now been reduced/modified from Rs.535.700 Millions to Rs.508.000 Millions.

FIXED ASSETS

• Land
• Building
• Plant and Machinery
• Vehicles
• Excavator
• Electric Installation
• Computer
• Furniture and Fixtures
• Office Equipment

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.52.52
UK Pound	1	Rs.85.49
Euro	1	Rs.69.61

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	NO
--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.