MIRA INFORM REPORT

Report Date :

17.12.2013

IDENTIFICATION DETAILS

Name :	MARUTI CLEAN COAL AND POWER LIMITED
Registered Office :	Ward No. 42, Building No. 14, Civil Lines, Near Income Tax Colony, Raipur-492001, Chhattisgarh
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	08.03.1999
Com. Reg. No.:	53-013364
Capital Investment / Paid-up Capital :	Rs.135.000 Millions
CIN No.: [Company Identification No.]	U24292CT1999PLC013364
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Subject is engaged in Coal Beneficiation Job, Cargo Handling and Transportation Business, Trading of Coal and Power Generation.
No. of Employees :	Information denied by the management.

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 13468000
Status :	Satisfactory
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track record. The company has incurred a loss from its operation during 2013. External borrowings appear to be huge and increasing over previous years. However, financial position appears to be decent marked by sound networth. The ratings also take into consideration the risks related to project implementation which are been partially mitigated by satisfactory progress shown in by the management in establishing the said project. However, trade relations are fair. Business is active. Payment terms are reported as slow but correct. In view of promoters experience and strong support in developing thermal power projects, the subject 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 – March 31^st, 2013

Country Name	Previous Rating (31.12.2012)	Current Rating (31.03.2013)
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

The current downturn provides an opportunity to push ahead with reforms to accelerate growth, says the latest India Development Update report released by the World Bank. The report says that the adverse effects of rupee depreciation are likely to be offset by the gains in the exports performance due to improved external competitiveness. Since May this year, the local currency has depreciated substantially and fell to a record level of Rs 68.85 to a dollar on August, 28.

A stagflation like situation appears to have arisen as inflation jumped to an eight month high of 6.46 % for the month of September. It is up from 6.10 % in August. Growth continues to be muted with factory output plunging to 0.6  % in August. Onion prices have risen nearly 300 % from last September. Vegetables cost nearly 90 % more than they did last year. Wake up to the economic contribution of slum dwellers. They contribute more than 7.5 % to the country’s gross domestic product, according to a recent study conducted in 50 top cities.

136000 estimated number of jobs created during the second quarter of the current financial year. 50000 estimated number of additional jobs in the field of corporate social responsibility in the coming years.

The International Finance Corporation expects to come out with its rupee linked bonds issue before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple iPhone 5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has been launched in India from 1^st November.

The Land Acquisition Act to provide just and fair compensation to farmers will come into force from January 1 next year, said Rural Development Minister Jairam Ramesh. The Act replaces a 119 year old registration. The Securities and Exchange Board of India has approved the trading of currency futures on the Bombay Stock Exchange. The exchange plans to launch the currency futures platform with advanced trading technology by the end of November.

EXTERNAL AGENCY RATING

Rating Agency Name	CARE
Rating	BBB [Long Term Loans]
Rating Explanation	Moderate degree of safety and moderate credit risk.
Date	21.02.2013

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.

INFORMATION DECLINED BY

Name :	Agan
Name :	Mr. Devan
Contact No.:	91-8827394256
Date :	16.12.2013

LOCATIONS

Registered Office :	Ward No. 42, Building No. 14, Civil Lines, Near Income Tax Colony, Raipur-492001, Chhattisgarh, India
Tel. No.:	Not Available
Mobile No.:	91-8827394256 [Mr. Devan]
Fax No.:	91-771-4264967
E-Mail :	mccpl.ho@hotmail.com legal.secretarial@acbindia.com

DIRECTORS

AS ON 30.09.2013

Name :

Mr. Satish Kadian

Designation :

Managing Director

Address :

C-22, Garud Nagar, Dipka, Korba, Gevra-495542, Chhattisgarh, India

Date of Birth/Age :

03.09.1964

Date of Appointment :

19.11.2010

Din No.:

00909879

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	U74899HR1994PTC042389	JAGANNATH COAL TRANSPORT PRIVATE LIMITED	Director	10/03/1995	10/03/1995	-	Active	NO
2	U51909HR1994PTC034953	KADIAN AGRO FARMS PRIVATE LIMITED	Director	24/10/2001	24/10/2001	-	Active	NO
3	U65921HR1994PTC034938	SATISH FINANCE PRIVATE LIMITED	Director	29/09/2002	29/09/2002	-	Active	NO
4	U72200DL2006PTC144552	KOLAHAI INFOTECH PRIVATE LIMITED	Director	20/09/2008	02/04/2008	-	Active	NO
5	U24292CT1999PLC013364	MARUTI CLEAN COAL AND POWER LIMITED	Managing director	20/11/2013	04/04/2008	-	Active	NO

Name :

Mr. Yashpal Saharan

Designation :

Director

Address :

C-19, Garuda Nagar, Gevra Project, Korba, Gevra-495452, Chhattisgarh, India

Date of Birth/Age :

12.04.1969

Date of Appointment :

20.11.2010

Din No.:

00824167

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	U74899HR1995PTC037395	SAHARAN AGRO FARMS PRIVATE LIMITED	Director	16/01/1995	16/01/1995	-	Active	NO
2	U51311HR1989PTC034949	C R SALES PRIVATE LIMITED	Director	29/01/2001	29/01/2001	-	Active	NO
3	U67120WB2002PTC094590	SUVIDHA STOCK BROKING SERVICES PRIVATE LIMITED	Director	01/06/2006	01/06/2006	-	Amalgamated	NO
4	U74899DL1994PTC062953	YESH KARM TRANSPORT PRIVATE LIMITED	Director	15/03/2010	15/03/2010	-	Active	NO
5	U34100DL2010PTC205265	INDUS AUTOMOTIVES PRIVATE LIMITED	Director	05/07/2010	05/07/2010	-	Active	NO
6	U40102DL2009PTC189360	SFI PARCEL SERVICES PRIVATE LIMITED	Director	30/09/2011	15/11/2010	-	Active	NO
7	U24292CT1999PLC013364	MARUTI CLEAN COAL AND POWER LIMITED	Nominee director	30/09/2011	20/11/2010	-	Active	NO
8	U40100AP2011PTC075630	SUDHA BIO POWER PRIVATE LIMITED	Director	15/06/2013	15/06/2013	-	Active	NO

Name :

Mr. Anil Sehrawat

Designation :

Director

Address :

Dainik Haribhoomi, Rajendra Nagar Chowk, Bilaspur-495001, Chhattisgarh, India

Date of Birth/Age :

22.10.1965

Date of Appointment :

19.11.2010

Din No.:

01148499

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	L65910DL1993PLC177643	UTTARANCHAL FINANCE LIMITED	Director	12/02/2002	12/02/2002	-	Amalgamated	NO
2	U24292CT1999PLC013364	MARUTI CLEAN COAL AND POWER LIMITED	Nominee director	30/09/2011	04/04/2008	-	Active	NO
3	U72200DL2006PTC144552	KOLAHAI INFOTECH PRIVATE LIMITED	Director	27/09/2010	01/01/2010	-	Active	NO
4	U13209CT2004PTC017162	SWASTIK POWER & MINERAL RESOURCES PRIVATE LIMITED	Director	30/09/2011	07/09/2011	-	Active	NO
5	U40109DL2006PTC155618	TRN ENERGY PRIVATE LIMITED	Nominee director	29/09/2012	01/07/2012	-	Active	NO

Name :

Mr. Rajesh Dhaka

Designation :

Director

Address :

H. N21, Near Tower, Opposite Eliot Club, Priti Nagar, Hisar-125033, Haryana, India

Date of Birth/Age :

16.05.1971

Date of Appointment :

07.11.2011

Din No.:

03640725

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	U24292CT1999PLC013364	MARUTI CLEAN COAL AND POWER LIMITED	Nominee director	29/09/2012	07/11/2011	-	Active	NO

Name :

Mr. Ved Prakash Sharma

Designation :

Director

Address :

H. No. 158, Ward 7, Old No. 1433/5, Meham, Rohtak-124112, Haryana, India

Date of Birth/Age :

11.06.1950

Date of Appointment :

20.11.2010

Din No.:

00824723

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	U01407HR1998PTC037270	WAZIR AGRO FARMS PRIVATE LIMITED	Director	06/05/1998	06/05/1998	-	Active	NO
2	U74920CT2008PTC020910	CHHATISGARH PURVA SAINIK SECURITY SERVICES PRIVATE LIMITED	Director	22/10/2008	22/10/2008	29/08/2009	Active	NO
3	U40102DL2009PTC189360	SFI PARCEL SERVICES PRIVATE LIMITED	Director	30/09/2011	15/11/2010	-	Active	NO
4	U24292CT1999PLC013364	MARUTI CLEAN COAL AND POWER LIMITED	Nominee director	30/09/2011	20/11/2010	-	Active	NO

Name :

Mr. Padmesh Deodutta Gupta

Designation :

Director

Address :

Hari-Kikunj, H. No. 190, Museum Road, Civil Lines, Nagpur-440001, Maharashtra, India

Date of Birth/Age :

29.02.1964

Date of Appointment :

09.09.2002

Din No.:

00263859

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	U51909MH1989PTC051640	GUPTA COAL INDIA PRIVATE LIMITED	Director	05/05/1989	05/05/1989	-	Active	NO
2	U65910MH1994PLC076739	GUPTA LEASING AND FINANCE LTD	Director	22/02/1994	22/02/1994	01/08/2011	Active	NO
3	U99999MH1994PLC082316	INDO-KRISHNA GREEN FIELDS LIMITED	Director	24/10/1994	24/10/1994	01/08/2011	Active	NO
4	U45200MH1996PTC101141	GUPTA INFRA PROJECT DEVELOPERS PRIVATE LIMITED	Director	04/10/2000	04/10/2000	18/08/2011	Active	NO
5	U10100MH2001PTC130464	GUPTA GLOBAL RESOURCES PRIVATE LIMITED	Managing director	01/10/2010	15/01/2001	-	Active	NO
6	U10102DL2002PTC116287	AP COAL WASHERIES PRIVATE LIMITED	Director	22/07/2002	22/07/2002	-	Active	NO
7	U45203MH2002PTC137098	GUPTA INFRATEC PRIVATE LIMITED	Director	18/07/2005	05/09/2002	21/03/2013	Active	NO
8	U24292CT1999PLC013364	MARUTI CLEAN COAL AND POWER LIMITED	Director	09/09/2002	09/09/2002	-	Active	NO
9	U10200MH2003PTC140830	UNITED COAL WASHRIES PRIVATE LIMITED	Director	10/06/2003	10/06/2003	-	Amalgamated	NO
10	U40100MH2005PTC154038	GUPTA CORPORATION PRIVATE LIMITED	Director	17/06/2005	17/06/2005	-	Active	NO
11	U40100MH2005PTC156213	MAHARASHTRA VIDHYUT NIGAM Private Limited	Director	21/09/2005	21/09/2005	10/04/2013	Active	NO
12	U27101MH2005PTC156270	GUPTA INDUSTRIES PRIVATE LIMITED	Director	22/09/2005	22/09/2005	-	Active	NO
13	U45200MH2005PTC157219	GUPTA INFRASTRUCTUR ( INDIA ) PRIVATE LIMITED	Director	09/11/2005	09/11/2005	-	Active	NO
14	U23109OR2002PLC006906	EARTH MINERALS COMPANY LIMITED	Director	18/02/2006	18/02/2006	29/03/2013	Active	NO
15	U74999CT2002PLC000144	MONNET DANIELS COAL WASHERIES LIMITED	Director	20/03/2006	20/03/2006	-	Active	NO
16	U40106CT2003PLC015560	CHHATTISGARH POWER AND COAL BENEFICIATION LIMITED	Director	30/09/2006	22/03/2006	-	Active	NO
17	U51109WB1995PTC069628	TASMSEEM COMMERCIAL PRIVATE LIMITED	Director	20/07/2006	20/07/2006	18/08/2011	Converted to LLP and dissolved	NO
18	U63011MH2006PLC164369	NAGPUR SICAL GUPTA LOGISTICS LIMITED	Director	06/09/2006	06/09/2006	-	Active	NO
19	U45202MH2007PLC169997	NAGPUR SICAL GUPTA ROAD TERMINAL LIMITED	Director	16/04/2007	16/04/2007	-	Active	NO
20	U51909WB2004PTC098061	MANASI COMMODITIES PRIVATE LIMITED	Director	08/05/2007	08/05/2007	18/08/2011	Converted to LLP	NO

Name :

Mr. Dinesh Kumar Gandhi

Designation :

Director

Address :

A-701, Lakshchandi Height CHS Limited, Gokuldham, Off Gen AKV Marg, Goregaon (East), Mumbai-400063, Maharashtra, India

Date of Birth/Age :

16.11.1962

Date of Appointment :

04.04.2008

Din No.:

01081155

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	L27106CT1999PLC013756	GODAWARI POWER AND ISPAT LIMITED	Director	09/11/2013	25/02/2005	-	Active	NO
2	U65921MP1987PTC004059	TWENTY FIRST CENTURY LEASING & CONSTRUCTION P. LTD	Director	10/08/2006	10/08/2006	-	Active	NO
3	U51909MH2006PTC163877	DMG CAPITAL SERVICES PRIVATE LIMITED	Director	01/09/2006	01/09/2006	-	Active	NO
4	U24292CT1999PLC013364	MARUTI CLEAN COAL AND POWER LIMITED	Director	30/09/2008	04/04/2008	-	Active	NO
5	U40102CT2009PLC021285	GODAWARI GREEN ENERGY LIMITED	Whole-time director	10/11/2013	02/03/2011	-	Active	NO
6	U27310MH2007PLC194166	ARDENT STEEL LIMITED	Director	27/09/2011	23/06/2011	-	Active	NO
7	U40101MH2010PTC201084	SHOURYA POWER PRIVATE LIMITED	Director	21/02/2013	21/02/2013	-	Active	NO
8	AAA-1784	PRASITRAJ ASSOCIATES LLP	Designated Partner	12/07/2010	12/07/2010	28/01/2012	Active	NO
9	AAA-1784	PRASITRAJ ASSOCIATES LLP	Body corporate as Designated Partner	28/01/2012	28/01/2012	28/01/2012	Active	NO

Name :

Mr. Ramawatar Agarwal

Designation :

Director

Address :

Agarwal Bhavan, Vidya Nagar, Bilaspur-495001, Chhattisgarh, India

Date of Birth/Age :

15.06.1961

Date of Appointment :

12.08.2002

Din No.:

01345129

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	U24292CT1999PLC013364	MARUTI CLEAN COAL AND POWER LIMITED	Director	20/11/2010	12/08/2002	-	Active	NO
2	U40106CT2003PLC015560	CHHATTISGARH POWER AND COAL BENEFICIATION LIMITED	Director	06/02/2003	06/02/2003	30/07/2011	Active	NO
3	U40109CT2004PLC016580	R. R. ENERGY LIMITED	Director	15/10/2004	15/10/2004	-	Active	NO
4	U40101MH2010PTC201084	SHOURYA POWER PRIVATE LIMITED	Director	19/03/2010	19/03/2010	21/02/2013	Active	NO

Name :

Mr. Rajesh Gulati

Designation :

Director

Address :

49, Priya Enclave, Kar Kar Duma, Delhi-110092, India

Date of Birth/Age :

10.11.1964

Date of Appointment :

20.11.2010

Din No.:

02055950

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	U74899DL1993PTC053863	ICON TELECOM PRIVATE LIMITED	Director	28/02/2008	28/02/2008	-	Active	NO
2	U67120DL2004PLC124858	NEELAM PORTFOLIO LIMITED	Director	10/03/2008	10/03/2008	04/07/2008	Active	NO
3	U93000DL2009PTC188636	HIGH STREET CONSULTANTS PRIVATE LIMITED	Director	20/03/2009	20/03/2009	-	Active	NO
4	U70109DL2009PTC188724	MAHAAN REALTATORS PRIVATE LIMITED	Director	23/03/2009	23/03/2009	10/06/2011	Active	NO
5	U93000DL2009PTC189828	NUAGE ADVISORS PRIVATE LIMITED	Director	29/04/2009	29/04/2009	10/06/2011	Active	NO
6	U51909WB1995PTC071928	NAVKAR NIVESH PRIVATE LIMITED	Director	08/06/2009	08/06/2009	01/10/2009	Under Process of Striking off	NO
7	U40102DL2009PTC189360	SFI PARCEL SERVICES PRIVATE LIMITED	Director	30/09/2011	15/11/2010	-	Active	NO
8	U24292CT1999PLC013364	MARUTI CLEAN COAL AND POWER LIMITED	Nominee director	30/09/2011	20/11/2010	-	Active	NO
9	U41000DL2010PTC198469	ARYAN EESTECH INDIA PRIVATE LIMITED	Director	24/09/2013	13/02/2013	-	Active	NO

KEY EXECUTIVES

Name :	Ms. Priyanka Dua
Designation :	Secretary
Address :	HN. 2620, Ground Floor, Sector 23, Gurgaon-122012, Haryana, India
Date of Birth/Age :	13.11.1982
Date of Appointment :	01.11.2012
Pan No.:	ASLPD0916B

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2013

Names of Shareholders	No. of Shares
SFI Parcel Services Private Limited, India	6075000
Kolahai Infotech Private Limited, India	2564998
Hira Ferro Alloys Limited, India	1755000
Gupta Global Resources Private Limited, India	1350000
Spin Packaging Limited, India	1755000
Anil Sehrawat	1
Satish Kadian	1
TOTAL	13500000

AS ON 30.09.2013

Equity Share Breakup	Percentage of Holding
Category
Bodies corporate	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged in Coal Beneficiation Job, Cargo Handling and Transportation Business, Trading of Coal and Power Generation.

GENERAL INFORMATION

No. of Employees :

Information denied by the management.

Bankers :

Not Available

Facilities :

Secured Loan	As on 31.03.2013 [Rs. in Millions]	As on 31.03.2012 [Rs. in Millions]
Long Term Borrowings
Term Loan From Banks	2550.000	800.000
Working Capital Loans From Banks	249.723	0.000
Short Term Borrowings
Working Capital Loans From Banks	3049.210	0.000
TOTAL	5848.933	800.000

Banking Relations :	--
Auditors :
Name :	Nagar Goel and Chawla Chartered Accountants
Address :	C-1/67, Safdarjung Development Area, New Delhi-110016, India
Tel. No.:	91-11-41074949
Fax No.:	91-11-41074949
E-Mail :	Ngcca1@gmail.com
PAN No:	AAAFN2664F
Other Related Parties :	· SFI Parcel Services Private Limited [U40102DL2009PTC189360] · ACB (India) Limited [U10102DL1997PLC085837] · ACB (India) Power Limited [U40101DL2010PLC206025]

CAPITAL STRUCTURE

AS ON 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
33000000	Equity Shares	Rs.10/- each	Rs.330.000 Millions
17000000	Preferences Shares	Rs.10/- each	Rs.170.000 Millions
	TOTAL		Rs.500.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
13500000	Equity Shares	Rs.10/- each	Rs.135.000 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	135.000	135.000	135.000
(b) Reserves & Surplus	1932.233	1954.193	1947.778
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	1300.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	3367.233	2089.193	2082.778
(3) Non-Current Liabilities
(a) long-term borrowings	2799.723	800.000	0.000
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	664.190	3.452	0.262
(d) long-term provisions	2.603	0.409	0.289
Total Non-current Liabilities (3)	3466.516	803.861	0.551
(4) Current Liabilities
(a) Short term borrowings	3049.210	0.000	0.000
(b) Trade payables	2.145	18.783	4.692
(c) Other current liabilities	764.772	191.099	2.141
(d) Short-term provisions	0.111	0.000	0.000
Total Current Liabilities (4)	3816.238	209.882	6.833
TOTAL	10649.987	3102.936	2090.162
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	210.949	209.113	216.534
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	9233.853	945.726	400.433
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.000	0.000	0.000
(c) Deferred tax assets (net)	31.122	22.622	25.491
(d) Long-term Loan and Advances	807.802	1387.015	4.702
(e) Other Non-current assets	95.165	143.476	2.241
Total Non-Current Assets	10378.891	2707.952	649.401
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	14.985	26.091	19.999
(c) Trade receivables	0.000	0.000	0.000
(d) Cash and cash equivalents	180.221	361.389	1348.833
(e) Short-term loans and advances	75.581	1.827	44.728
(f) Other current assets	0.309	5.677	27.201
Total Current Assets	271.096	394.984	1440.761
TOTAL	10649.987	3102.936	2090.162

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	0.000	0.000	13.645
		Other Income	5.515	44.715	40.838
		TOTAL (A)	5.515	44.715	54.483
Less	EXPENSES
		Employee Benefit Expense	4.881	3.498
		Other Expenses	15.120	15.310	103.411
		Changes in Inventories of Finished Goods, Work-in-Progress and Stock-in-Trade	(0.011)	(0.106)
		TOTAL (B)	19.990	18.702	103.411
Less	PROFIT / (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		(14.475)	26.013	(48.928)
Less	FINANCIAL EXPENSES (D)		1.391	1.796	4.060
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		(15.866)	24.217	(52.988)
Less/ Add	DEPRECIATION/ AMORTISATION (F)		14.594	14.933	16.575
	PROFIT / (LOSS) BEFORE TAX (E-F) (G)		(30.460)	9.284	(69.563)
Less	TAX (H)		(8.500)	2.869	(21.495)
	PROFIT / (LOSS) AFTER TAX (G-H) (I)		(21.960)	6.415	(48.068)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		(47.425)	(53.840)	(5.772)
	BALANCE CARRIED TO THE B/S		(69.385)	(47.425)	(53.840)
	IMPORTS
		Capital Goods	4560.533	0.000	NA
	Earnings / (Loss) Per Share (Rs.)		(1.63)	0.48	(3.98)

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	(398.19)	14.35	(88.23)
Net Profit Margin (PBT/Sales)	(%)	0.00	0.00	(509.81)
Return on Total Assets (PBT/Total Assets}	(%)	(2.20)	0.43	(4.17)
Return on Investment (ROI) (PBT/Networth)		0.01	0.00	0.03
Debt Equity Ratio (Total Debt/Networth)		1.74	0.38	0.00
Current Ratio (Current Asset/Current Liability)		0.07	1.88	0.69

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	Yes
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	Yes
30]	Major Shareholders, if available	Yes
31]	PAN of Proprietor/Partner/Director, if available	No
32]	Date of Birth 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

INDEX OF CHARGES:

S. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10308459	04/10/2013 *	10,190,000,000.00	AXIS TRUSTEE SERVICES LIMITED	AXIS HOUSE, 2ND FLR, BOMBAY DYEING MILLS COMPOUND, PANDURANG BUDHKAR MARG, WORLI, MUMBAI - 400025, MAHARASHTRA, INDIA	B88302898
* Date of charge modification

OPERATIONS:

During the year, the Company’s gross income from Operations was Rs. 5.515 Millions (Previous year Rs. 44.715 Millions). The Profit / (Loss) before tax reported by the Company for the financial year 2012-13 was Rs. (30.460 Millions) /- (Previous year profit before tax was Rs. 9.284 Millions).

The Company is in the Process of setting up a 300 MW Power Plant at village Bandhakhar, Tehsil –Pali, Korba District, Chhattisgarh.

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.62.10
UK Pound	1	Rs.101.27
Euro	1	Rs.85.43

INFORMATION DETAILS

Information Gathered by :	HTL
Report Prepared by :	TPT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	4
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--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
--RBI	YES/NO	NO
--EPF	YES/NO	NO
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.