MIRA INFORM REPORT

Report Date :

02.04.2013

IDENTIFICATION DETAILS

Name :	SANVIJAY ROLLING AND ENGINEERING LIMITED
Registered Office :	9, Immamwada Road, Nagpur – 440018, Maharashtra
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	16.10.1987
Com. Reg. No.:	11-045013
Capital Investment / Paid-up Capital :	Rs. 50.000 Millions
CIN No.: [Company Identification No.]	U27100MH1987PLC045013
TAN No.: [Tax Deduction & Collection Account No.]	NGPS00313F
PAN No.: [Permanent Account No.]	AACCS0217J
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturing and Trading of Iron and Steel items.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (53)

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

Maximum Credit Limit :	USD 14500000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is an established company having fine track record. Latest financials i.e. 2011-2012 are missing from the government department. From the previous year record, the company performance capacity seems to be good. 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 – June 30, 2012

Country Name	Previous Rating (31.03.2012)	Current Rating (30.06.2012)
India	A1	A1

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

INDIAN ECONOMIC OVERVIEW

India is developing into an open-market economy, yet traces of its past autarkic policies remain. Economic liberalization, including industrial deregulation, privatization of state-owned enterprises, and reduced controls on foreign trade and investment, began in the early 1990s and has served to accelerate the country's growth, which has averaged more than 7% per year since 1997. India's diverse economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of services. Slightly more than half of the work force is in agriculture, but services are the major source of economic growth, accounting for more than half of India's output, with only one-third of its labor force. India has capitalized on its large educated English-speaking population to become a major exporter of information technology services and software workers. In 2010, the Indian economy rebounded robustly from the global financial crisis - in large part because of strong domestic demand - and growth exceeded 8% year-on-year in real terms. However, India's economic growth in 2011 slowed because of persistently high inflation and interest rates and little progress on economic reforms. High international crude prices have exacerbated the government's fuel subsidy expenditures contributing to a higher fiscal deficit, and a worsening current account deficit. Little economic reform took place in 2011 largely due to corruption scandals that have slowed legislative work. India's medium-term growth outlook is positive due to a young population and corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy. India has many long-term challenges that it has not yet fully addressed, including widespread poverty, inadequate physical and social infrastructure, limited non-agricultural employment opportunities, scarce access to quality basic and higher education, and accommodating rural-to-urban migration.

Source : CIA

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	Letter of Credit : P2
Rating Explanation	Strong degree of safety it carry low credit risk.
Date	July 7, 2011

Rating Agency Name	CRISIL
Rating	Cash Credit : BBB+
Rating Explanation	Moderate degree of safety it carry moderate credit risk.
Date	July 7, 2011

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

LOCATIONS

Registered/ Head Office :	9, Immamwada Road, Nagpur – 440018, Maharashtra, India
Tel. No.:	91-712-2729130-137
Fax No.:	91-712-2720716/ 2723799
E-Mail :	cs@sanvijay.com steel@sanvijay.com
Website :	http://www.sanvijay.com

DIRECTORS

AS ON 29.09.2012

Name :

Mr. Sanjay Puranlal Agrawal

Designation :

Whole-time director

Address :

26, Bhagwaghar Layout, Dharampeth, Nagpur – 440010, Maharashtra, India

Date of Birth/Age :

26.07.1966

Qualification :

B. Com

Experience :

24 Years

Date of Appointment :

16.02.2003

PAN No.:

ABUPA3463G

DIN No.:

00308722

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	U70101MH1992PTC067892	LOSSY ESTATES AND INVESTMENTS PRIVATE LIMITED	Director	15/07/1999	15/07/1999	-	Active	NO
2	U72220MH2000PTC124023	MACROSOFT INFOTECH AND SYSTEMS PRIVATE LIMITED	Director	03/02/2000	03/02/2000	-	Active	NO
3	U45208MH1980PTC022816	SUNRISE STRUCTURALS AND ENGINEERING PRIVATE LIMITED	Director	14/08/2000	14/08/2000	-	Active	NO
4	U45209MH1995PTC094474	SANVIJAY AUTO ENGINEERING PRIVATE LIMITED	Director	01/01/2002	01/01/2002	-	Active	NO
5	U27100MH1988PTC046143	DIU ISPAT UDYOG PRIVATE LIMITED	Director	10/12/2002	10/12/2002	-	Active	NO
6	U27100MH1987PLC045013	SANVIJAY ROLLING AND ENGINEERING LIMITED	Whole-time director	16/02/2003	16/02/2003	-	Active	NO
7	U45201MH2006PLC165768	CHHINDWARA PLUS DEVELOPERS LIMITED	Director	24/11/2006	24/11/2006	-	Active	NO
8	U74899MH1994PTC193861	PROGRESSIVE CASTINGS PRIVATE LIMITED	Director	29/09/2007	28/06/2007	05/12/2011	Active	NO
9	U27101MH2005PTC229064	SATYA SHYAM STEELS PRIVATE LIMITED	Director	30/09/2008	10/03/2008	-	Active	NO
10	U24239MH2009NPL189289	APPLE MEDICARE	Director	01/01/2009	01/01/2009	-	Active	NO
11	U27100MH2003PLC141810	GRACE INDUSTRIES LIMITED	Managing director	28/01/2010	20/01/2009	-	Active	NO
12	U70101MH2006PTC161848	LALITAMBIKA BUILDERS AND DEVELOPERS PRIVATE LIMITED	Additional director	15/04/2009	15/04/2009	-	Active	NO
13	U01403MH2007PTC168270	MAHALAXMI AGRO AND LAND DEVELOPERS PRIVATE LIMITED	Additional director	15/04/2009	15/04/2009	-	Active	NO
14	U27106MH2007PLC176783	SOMU STEEL AND POWER LIMITED	Director	30/09/2009	01/06/2009	-	Active	NO
15	U51109WB1995PTC069876	MAHAK TRACON PRIVATE LIMITED	Director	30/09/2009	24/06/2009	-	Active	NO
16	U10100MH2008PTC186624	MAHARASHTRA COAL COMPANY PRIVATE LIMITED	Director	30/09/2010	27/11/2009	-	Active	NO
17	U30007MH1990PLC056918	LIBERTY COMPUTER STATIONERY LIMITED	Additional director	15/12/2009	15/12/2009	30/09/2010	Active	NO
18	U28920MH1982PTC029004	PRAKASH TRADERS PRIVATE LIMITED	Additional director	15/12/2009	15/12/2009	30/09/2010	Active	NO
19	U51909WB2007PTC114636	DAMODAR VINIMAY PRIVATE LIMITED	Director	30/09/2010	01/04/2010	-	Active	NO
20	U51909WB2007PTC114541	BASUKINATH SALES PRIVATE LIMITED	Director	30/09/2010	01/04/2010	-	Active	NO
21	U51109WB2007PTC114468	BASUDEO VYAPAAR PRIVATE LIMITED	Director	30/09/2010	01/04/2010	-	Active	NO
22	U65993WB1977PTC031098	BOHRA AND COMPANY PRIVATE LIMITED	Director	30/09/2010	18/06/2010	-	Active	NO
23	U51109WB1996PTC078080	VASUNDHARA COMMODITIES PRIVATE LIMITED	Director	30/09/2010	25/06/2010	-	Active	NO
24	U74900MH2009PTC195711	EXPLO-TECH CONSULTING PRIVATE LIMITED	Director	26/09/2011	05/01/2011	-	Active	NO
25	U27310MH2012PTC230428	SANVIJAY ENGINEERING AND STRUCTURES PRIVATE LIMITED	Director	30/04/2012	30/04/2012	-	Active	NO

Name :

Mr. Ajay Puranlal Agrawal

Designation :

Whole-time director

Address :

12, Daga Layout, NA Road, Nagpur – 440010, Maharashtra, India

Date of Birth/Age :

12.11.1979

Qualification :

B. Tech

Experience :

7 Years

Date of Appointment :

03.03.2004

PAN No.:

ABUPA3426F

DIN No.:

00084840

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	U27100MH1988PTC046143	DIU ISPAT UDYOG PRIVATE LIMITED	Director	10/01/1998	10/01/1998	-	Active	NO
2	U27100MH1987PLC045013	SANVIJAY ROLLING AND ENGINEERING LIMITED	Whole-time director	03/03/2004	03/03/2004	-	Active	NO
3	U27101MH2005PTC229064	SATYA SHYAM STEELS PRIVATE LIMITED	Director	30/09/2008	10/03/2008	-	Active	NO
4	U74899MH1994PTC193861	PROGRESSIVE CASTINGS PRIVATE LIMITED	Director	30/06/2008	30/06/2008	20/04/2012	Active	NO
5	U27100MH2003PLC141810	GRACE INDUSTRIES LIMITED	Director	28/01/2010	20/01/2009	-	Active	NO
6	U27106MH2007PLC176783	SOMU STEEL AND POWER LIMITED	Director	30/09/2009	01/06/2009	-	Active	NO
7	U51109WB1995PTC069876	MAHAK TRACON PRIVATE LIMITED	Director	30/09/2009	24/06/2009	-	Active	NO
8	U70101MH1992PTC067892	LOSSY ESTATES AND INVESTMENTS PRIVATE LIMITED	Director	30/09/2010	20/10/2009	-	Active	NO
9	U45209MH1995PTC094474	SANVIJAY AUTO ENGINEERING PRIVATE LIMITED	Director	29/09/2012	15/12/2009	-	Active	NO
10	U51909WB2007PTC114636	DAMODAR VINIMAY PRIVATE LIMITED	Director	30/09/2010	01/04/2010	-	Active	NO
11	U51909WB2007PTC114541	BASUKINATH SALES PRIVATE LIMITED	Director	30/09/2010	01/04/2010	-	Active	NO
12	U51109WB2007PTC114468	BASUDEO VYAPAAR PRIVATE LIMITED	Director	30/09/2010	01/04/2010	-	Active	NO
13	U28920MH1982PTC029004	PRAKASH TRADERS PRIVATE LIMITED	Additional director	24/11/2011	24/11/2011	15/03/2012	Active	NO
14	U30007MH1990PLC056918	LIBERTY COMPUTER STATIONERY LIMITED	Director	29/09/2012	24/11/2011	-	Active	NO
15	U45208MH1980PTC022816	SUNRISE STRUCTURALS AND ENGINEERING PRIVATE LIMITED	Director	29/09/2012	24/11/2011	-	Active	NO

Name :

Mr. Shrikant Agrawal

Designation :

Director

Address :

26, Hindustan Colony, Amravati Road, Nagpur – 440033, Maharashtra, India

Date of Birth/Age :

10.10.1960

Date of Appointment :

30.09.2009

PAN No.:

AIAPA5762B

DIN No.:

02446283

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	U74140MH2002PTC137501	NEO VISION HOMECARE SERVICES PRIVATE LIMITED	Director	24/02/2004	24/02/2004	Active	YES
2	U27100MH1987PLC045013	SANVIJAY ROLLING AND ENGINEERING LIMITED	Director	30/09/2009	23/02/2009	Active	NO
3	U21000MH2010PTC209901	SHRIDUTTA KRUPA PACKAGING PRIVATE LIMITED	Director	09/11/2010	09/11/2010	Active	NO

Name :

Mr. Purushottam Hastimal Purohit

Designation :

Director

Address :

141A Sharda Niwas, Ramsumerbabanagar, Kawlapeth, Nagpur – 440008, Maharashtra, India

Date of Birth/Age :

14.05.1953

Date of Appointment :

30.09.2009

PAN No.:

ABAPP9690G

DIN No.:

02563591

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	U27100MH1987PLC045013	SANVIJAY ROLLING AND ENGINEERING LIMITED	Director	30/09/2009	27/02/2009	Active	NO
2	U27100MH2003PLC141810	GRACE INDUSTRIES LIMITED	Director	28/01/2010	24/11/2009	Active	NO

KEY EXECUTIVES

Name :	Mrs. Shalini Nautiyal
Designation :	Secretary
Address :	203 “A Wing, K C Apartment, Manjidana Colony, Gatikhadan Katol Road, Nagpur – 440013, Maharashtra, India
Date of Birth/Age :	26.07.1982
Date of Appointment :	01.07.2011
PAN No.:	AKRPN6236C

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 29.09.2012

Names of Shareholders	No. of Shares
Sanjay Puranlal Agrawal	110970
Sitadevi Puranlal Agrawal	73960
Kavita Sanjay Agrawal	89170
Ajay Puranlal Agrawal	63750
Saurabh Sanjay Agrawal	123750
Damodar Vinimay Private Limited, India	7725
Basukinath Sales Private Limited, India	15525
Basudeo Vyapar Private Limited, India	15150
Total	500000

AS ON 29.09.2012

Equity Share Breakup	Percentage of Holding
Category
Bodies corporate	8.00
Directors or relatives of directors	92.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturing and Trading of Iron and Steel items.

Products :

ITC Code	Product Descriptions
72.08	Iron and Steel

PRODUCTION STATUS AS ON (31.03.2011)

Particulars	Unit	Licensed Capacity	Installed Capacity	Actual Production
Rolled Steel Product	M.T.	NA	379500	230469.878 **
Steel Semis	M.T.	NA	100000 *	23882.780
Stainless Steel	M.T.	NA	--	0.000
Welded Pipe	M.T.	NA	--	72.230

* Considering capacity of 3 furnaces out of which power connection has been obtained for 1 furnace having capacity of 36000 MT p.a.

**Excluding conversion quantity of 45940.111 MT and production done for outsiders 81.561 MT as job work by the company.

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

Ø Punjab National Bank, Foreshore Road Branch, 1^st Floor, Raheja Chambers, Nariman Point, Mumbai – 400021, Maharashtra, India

Ø UCO Bank, Itwari Branch, Salasar Plaza, Post Office Road, Gandhibag, Nagpur - 440002, Maharashtra, India

Ø ICICI Bank Limited, Zenith House, Mahalaxmi, Mumbai – 400034, Maharashtra, India

Ø State Bank of India, Kingsway, Nagpur, Maharashtra, India

Ø ING – Vysya Bank Limited, 22, M G Road, Bangalore, Karnataka, India

Facilities :

Secured Loans	31.03.2011	31.03.2010
	(Rs. In Millions)
Rupee term loans banks secured	0.000	61.736
Working capital loans banks secured	2821.926	2405.111
Loans taken for vehicles secured	1.059	3.671
Other debt secured	450.000	1660.000
Total	3272.985	4130.518

Banking Relations :	--
Auditors :
Name :	Gupta Sarda and Bagdia Chartered Accountants
Address :	Business Plaza, 6-Farmland Central Bazar Road, Lokmat Sqr. Ramdaspeth, Nagpur, Maharashtra, India
Income-tax PAN of auditor or auditor's firm :	ACAPS9724M
Enterprises over which Key Management	Ø Sunrise Structural and Engineering Private Limited [U45208MH1980PTC022816] Ø Diu Ispat Udyog Private Limited [U27100MH1988PTC046143] Ø Liberty Computer and Stationary Limited [U30007MH1990PLC056918] Ø Sanvijay Auto Engineering Private Limited [U45209MH1995PTC094474] Ø Lossy Estate and Investment Private Limited Ø Damodar Vinimay Private Limited Ø Basukinath Sales Private Limited Ø Basudeo Vyapar Private Limited Ø Vasundhara and Commodities Private Limited Ø Bohra and Company Private Limited Ø Prograssive Casting Private Limited [U74899MH1994PTC193861] Ø Somu Steel and Power Limited Ø Mahak Tracon Private Limited Ø Prakash Traders Private Limited Ø Satyashyam Steels Private Limited [U27101CT2005PTC017500] Ø Macrosoft Infotech and Systems Private Limited
Subsidiaries :	Ø Grace Industries Limited [U27100MH2003PLC141810] Ø Maharashtra Coal Company Private Limited [U10100MH2008PTC186624]
Others :	Prakash Traders
Group Companies :	Ø Sanvijay Steel Private Limited Ø Sanvijay Alloys Private Limited Ø Prakash Ispat Udyog Ø Sanvijay Industries Private Limited

CAPITAL STRUCTURE

AS ON 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
1,000,000	Equity Shares	Rs. 100/- each	Rs. 100.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
500,000	Equity Shares	Rs. 100/- each	Rs. 50.000 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		50.000	50.000	50.000
2] Share Application Money		300.000	300.000	300.000
3] Reserves & Surplus		3266.814	2780.227	2375.175
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		3616.814	3130.227	2725.175
LOAN FUNDS
1] Secured Loans		3272.985	4130.518	2710.046
2] Unsecured Loans		652.787	741.368	656.518
TOTAL BORROWING		3925.772	4871.886	3366.564
DEFERRED TAX LIABILITIES		210.287	204.986	194.437
TOTAL		7752.873	8207.099	6286.176
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1332.744	1351.190	1344.320
Capital work-in-progress		29.837	1.953	50.098
INVESTMENT		251.479	450.870	450.870
DEFERRED TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	3080.646	3199.950	2430.722
	Sundry Debtors	2046.069	1440.636	1609.075
	Cash & Bank Balances	57.604	934.121	639.937
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	1949.747	1994.872	1347.924
Total Current Assets		7134.066	7569.579	6027.658
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	321.222	248.694	222.282
	Other Current Liabilities	466.596	653.713	689.380
	Provisions	207.435	264.086	675.108
Total Current Liabilities		995.253	1166.493	1586.770
Net Current Assets		6138.813	6403.086	4440.888
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		7752.873	8207.099	6286.176

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	10052.600	9887.309
		Other Income	284.505	229.802
		TOTAL (A)	10337.105	10117.111	11968.573
Less	EXPENSES
		Consumption materials changes inventories	8409.300	8068.720
		Manufacturing service costs	437.332	501.323
		Employee related expenses	211.173	186.967
		Administrative selling other expenses	126.308	156.551
		TOTAL (B)	9184.113	8913.561	10857.903
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		1152.992	1203.550	1110.670
Less	FINANCIAL EXPENSES (D)		382.285	329.053	292.584
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		770.707	874.497	818.086
Less/ Add	DEPRECIATION/ AMORTISATION (F)		115.173	109.826	131.040
Less	PRIOR PERIOD ITEMS BEFORE TAX		0.318	0.345	(79.721)
	PROFIT BEFORE TAX (E-F) (G)		655.216	764.326	766.767
Less	TAX (H)		168.629	350.502	231.680
	PROFIT AFTER TAX (G-H) (I)		486.587	413.824	535.087
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		1840.122	1585.072	1208.760
Less	APPROPRIATIONS
		Transfer to General Reserve	150.000	150.000	150.000
		Dividend	0.000	7.500	7.500
		Tax on Dividend	0.000	1.275	1.275
	BALANCE CARRIED TO THE B/S		2176.709	1840.122	1585.072
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	8.002	7.985	208.726
	IMPORTS
		Raw Materials	N.A.	132.474	25.943
		Consumable	N.A.	0.353	2.327
	TOTAL IMPORTS		N.A.	132.827	28.270
	Earnings Per Share (Rs.)
	Basic		973.17	827.65	1070.17
	Diluted		608.23	517.28	1068.42

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	4.71	4.09	4.47
Net Profit Margin (PBT/Sales)	(%)	6.52	7.73	N.A.
Return on Total Assets (PBT/Total Assets}	(%)	7.74	8.57	10.40
Return on Investment (ROI) (PBT/Networth)		0.18	0.24	0.28
Debt Equity Ratio (Total Liability/Networth)		1.36	1.93	1.82
Current Ratio (Current Asset/Current Liability)		7.17	6.49	3.80

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	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	No
19]	Payments terms	No
20]	Export / Import details (if applicable)	No
21]	Market information	--
22]	Litigations that the firm / promoter involved in	--
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	No
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

UNSECURED LOANS DETAILS:

Unsecured Loans	31.03.2011	31.03.2010
	(Rs. In Millions)
Rupee term loans others unsecured	98.683	28.244
Loans directors unsecured	448.740	604.134
Other debt unsecured	105.364	108.990
Total	652.787	741.368

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	U27100MH1987PLC045013
Name of the company	SANVIJAY ROLLING AND ENGINEERING LIMITED
Address of the registered office or of the principal place of business in India of the company	9, Immamwada Road, Nagpur – 440018, Maharashtra, India Email: cs@sanvijay.com
This form is for	Modification of charge
Charge identification number of the modified	10003936
Type of charge	Immovable Property
Particular of charge holder	UCO Bank, Itwari Branch, Salasar Plaza, Post Office Road, Gandhibag, Nagpur - 440002, Maharashtra, India Email: ucoitwarinagpur@sancharnet.in
Nature of description of the instrument creating or modifying the charge	1. Supplemental memorandum of entry relating to creation and extension of equitable mortgage - A/C Sanvijay Rolling and Engineering Limited, Nagpur
Date of instrument Creating the charge	25.02.2011
Amount secured by the charge	Rs. 3450.000 Millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest As per second schedule of fourth supplemental working capital consortium agreement Terms of Repayment Cash credit: on demand Term loan as per repayment schedule Margin As per Second Schedule of Fourth Supplemental Working Capital Consortium Agreement Extent and Operation of the charge Charge operates as additional security of equitable mortgage on the immovable properties of the company.
Short particulars of the property charged	Equitable mortgage of immovable properties of the company as per the second schedule of supplemental memorandum of entry relating to creation and extension of equitable mortgage.
Date of latest modification prior to the present modification	09.01.2009
Particulars of the present modification	Extension of equitable mortgage to reduce the aggregate fund based and non-fund based credit limits from Rs. 4375.000 millions to Rs. 3450.000 millions. Thus total facilities stand at Rs. 3450.000 millions as detailed under: Existing Present Cash credit 4375.000 3450.000 Term loan 750.000 - --------- --------- Total: 5125.000 3450.000

CONTINGENT LIABILITIES

(Rs. in Millions)

(i) Claims against the company not acknowledged as debts :-
(a) Duty and penalty demanded by Excise Department , which is being contested by the company before CESTAT, Mumbai	7.306*	7.306*
(b) Penalty demanded by Excise Department, which is being remanded back to Comm. Of Central Excise Indore by CESTAT, Delhi.	9.195	9.195
(c) Demand of Duty on scrap generated on Job Work/Conversion and Penalty thereon by Excise Department which is being contested by the company before the following Department Amount CESTAT, Mumbai 14.361 CESTAT, Mumbai 8.86 CESTAT, Mumbai 1.176 CESTAT, Mumbai 8.106 CESTAT, Mumbai 5.596
(d) Demand of Custom Duty on import of goods and Penalty thereon by Custom Department which is being contested by the company before CESTAT, Mumbai	153.758	153.758
(e) Demand of Duty and Penalty thereon, by Excise Department due to wrong availment of cenvat credit on capital goods which is being contested by the company before Commissioner(Appeals), Nagpur	1.228	0
(e) Demand of Duty and Penalty thereon, by Excise Department due to wrong availment of CENVAT credit which is being contested by the company before Commissioner(Appeals) Raipur as per remand by CESTAT, Delhi	0.264	0.264
(f) Demand of duty and penalty thereon by Excise Department due to wrong valuation of finished goods for inter unit transfers which is being contested by the company before CESTAT ,Mumbai	23.177	0
(g) Demand of duty and penalty thereon by Excise Department on wrong availment of Cenvat Credit of Capital Goods which is being contested by the company before Commissioner (Appeals) ,Nagpur.	0.012	0
(h) Demand of duty and penalty thereon by Excise Department on scrap generated and retained by us on account of job/conversion for SAIL, which is being contested by the company before Commissioner (Appeals), Nagpur.	0.371	0
(i) Demand of duty and penalty thereon by Excise Department on scrap generated and retained by us on account of job/conversion for Land T. which is being contested by the company before Commissioner (Appeals), Nagpur.	0.44	0
(j) Demand of duty and penalty thereon by Excise Department on scrap generated and retained by us on account of job/conversion for SAIL, which is being contested by the company before Commissioner (Appeals), Nagpur.	0.601	0
(k) Central Sales Tax demanded by Department contested by the Company before Dy. Commissioner of Sales Tax (Appeals) Nagpur	4.315*	5.305*
(l) Central Sales Tax demanded by Department contested by the Company before Maharashtra Sales Tax Tribunal, Mumbai	2.964*	2.964*
(m) Bombay Sales Tax demanded by Department contested by the Company before Joint Commissioner of Sales Tax (Appeals)	2.362*	2.362*
(n) Central Sales Tax demanded by Department contested by the Company before Joint Commissioner of Sales Tax (Appeals)	14.556*	14.556*
(0) Bombay Sales Tax demanded by Department contested by the Company in Appeals	0 *	0.089 *
(p) Bombay Sales Tax demanded by Department contested by Company before Dy. Commissioner of Sales Tax (Appeals) Nagpur	1.868	0
(q) Central Sales Tax demanded by Department contested by Company before Dy. Commissioner of Sales Tax (Appeals) Nagpur	1,017	0
(r) Bombay Sales Tax demanded by Department contested by Company before Dy. Commissioner of Sales Tax (Appeals) Nagpur	1.715	0
(s) Central Sales Tax demanded by Department contested by Company before Dy. Commissioner of Sales Tax (Appeals) Nagpur	0.287	0
(t) Income Tax Demanded by the Department contested by the Company before CIT (Appeals)	26.718	26.718
(u) Provident fund (unit-H4) demanded by the Department contested by the company before Asst. Provident Fund Appellate Tribunal	4.986	0
* Net of payment already made.
(ii ) Liabilities for which company is contingently liable : -
(a) Bank Guarantee provided for performance and credit facility [Against this the Company has kept Fixed deposit with Bank amounting to Rs.16.416 Millions (Previous Year Rs.22.757 Millions) as margin money.]	155.433	229.987
(b) Letter of credit provided for purchase of goods [includes LC opened in USD 33060 (having value of Rs. 147405.283 Millions as per the conversion rate on 31.03.2011. Against the total LC opened, the company has kept fixed deposit with bank amounting to Rs.0.150 Million]	1.474	99.533
(b) Bills of Exchange discounted by Company whose due date falls after the balance sheet date.	1376.088	1269.464
(iii ) Estimated amount of the contracts remaining to be executed on capital account and not provided for :-(After netting of advance payment)	12.191	14.063

FIXED ASSETS:

Ø Land

Ø Shed and Building

Ø Plant and Machinery

Ø Electrical Installation

Ø Laboratory and Testing Equipments

Ø Rolls

Ø Generator

Ø Computers

Ø Furniture and Fixture

Ø Vehicles

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 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 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. 54.39
UK Pound	1	Rs. 82.32
Euro	1	Rs. 69.54

INFORMATION DETAILS

Report Prepared by :

VRN

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	7
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	6
--RESERVES	1~10	6
--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		53

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.