1. Summary Information

		Country	India
Company Name	THE DURGAPUR PROJECTS LIMITED	Principal Name 1	Mriganka Majumdar
Status	Moderate	Principal Name 2	Mr. Gopal Krishna
		Registration #	21-025250
Street Address	Administrative Building, Durgapur, Burdwan – 713201, West Bengal, India
Established Date	06.09.1961	SIC Code	--
Telephone#	91-343-2556991	Business Style 1	Manufacturer
Fax #	91-343-2556786	Business Style 2	Power Generation
Homepage	www.dpl.net.in	Product Name 1	Coke and By-produts
# of employees	Not Available	Product Name 2	--
Paid up capital	Rs. 11,320,000,000/-	Product Name 3	--
Shareholders	Government [Central and State] – 100%	Banking	United Bank of India
Public Limited Corp.	No	Business Period	52 Years
IPO	No	International Ins.	-
Public Enterprise	No	Rating	B (28)
Related Company
Relation	Country	Company Name	CEO
--	--	--	--
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2013		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	8,507,552,000	Current Liabilities	14,358,312,000
Inventories	983,543,000	Long-term Liabilities	18,833,747,000
Fixed Assets	15,227,730,000	Other Liabilities	1,563,593,000
Deferred Assets	118,300,000	Total Liabilities	34,755,652,000
Invest& other Assets	12,327,482,000	Retained Earnings	(8,911,045,000)
		Net Worth	2,408,955,000
Total Assets	37,164,607,000	Total Liab. & Equity	37,164,607,000
Total Assets (Previous Year)	30,738,913,000
P/L Statement as of	31.03.2013		(Unit: Indian Rs.)
Sales	10,812,454,000	Net Profit	(680,276,000)
Sales(Previous yr)	10,719,648,000	Net Profit(Prev.yr)	(874,897,000)

MIRA INFORM REPORT

Report Date :

21.12.2013

IDENTIFICATION DETAILS

Name :	THE DURGAPUR PROJECTS LIMITED
Registered Office :	Administrative Building, Durgapur, Burdwan – 713201, West Bengal
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	06.09.1961
Com. Reg. No.:	21-025250
Capital Investment / Paid-up Capital :	Rs. 11320.000 Millions
CIN No.: [Company Identification No.]	U40102WB1961SGC025250
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer of Coke and By-produts and Processing of Raw Water and also Generation of Power.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (28)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 9630000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. There appears some accumulated losses recorded by the company. However, trade relations are reported as fair. Business is active. Payments are reported to be slow but correct. The company can be considered business dealings with some cautions.

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.

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 Office :	Administrative Building, Durgapur, Burdwan – 713201, West Bengal, India
Tel. No. :	91-343-2556991/ 2555774
Fax No. :	91-343-2556786/ 2556251
E-Mail :	admin@dpl.net.in debasisd1@yahoo.co.in
Website :	www.dpl.net.in
Branch Office :	1593, Rajdanga Main Road, Kolkata – 700107, West Bengal, India
Tel. No. :	91-33-24418170/ 24418171/ 24418172
Fax No. :	91-33-24418173
E-Mail :	smcorpoarte@dpl.net.in

DIRECTORS

As on 28.09.2013

Name :

Mriganka Majumdar

Designation :

Managing director

Address :

Flat No.42, Balark N363, Baishnabghata Patuli Township, Kolkata – 700094, West Bengal, India

Date of Birth/Age :

15.12.1948

Date of Appointment :

01.11.2009

DIN No. :

02237742

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	U40109WB2003PLC096966	NEW TOWN ELECTRIC SUPPLY COMPANY LIMITED	Director	25/08/2008	25/08/2008	12/02/2009	Active	NO
2	U40102WB1961SGC025250	THE DURGAPUR PROJECTS LTD	Managing director	01/11/2009	23/02/2009	-	Active	NO
3	U10102WB1996PLC076986	BENGAL EMTA COAL MINES LTD	Director	15/09/2010	18/11/2009	-	Active	NO
4	U23100WB2011SGC161115	DPL COKE OVEN LIMITED	Director	23/03/2011	23/03/2011	-	Active	NO
5	U24119WB1963SGC025873	DURGAPUR CHEMICALS LTD	Director	20/03/2012	20/03/2012	-	Active	NO

Name :

Mr. Gopal Krishna

Designation :

Director

Address :

D-1/8, Rabindra Nagar, New Delhi -110003, India

Date of Birth/Age :

14.04.1960

Date of Appointment :

06.11.2013

DIN No. :

01957931

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	U65920JK2005GOI002523	JAMMU AND KASHMIR DEVELOPMENT FINANCE CORPORATION LIMITED	Director	04/08/2006	04/08/2006	11/12/2009	Active	NO
2	U45400DL2008PLC172316	Delhi Mumbai Industrial Corridor Development Corporation Limited	Director	07/01/2008	07/01/2008	14/12/2009	Active	NO
3	U40104WB1985SGC039154	THE WEST BENGAL POWER DEVELOPMENT CORPORATION LIMITED	Director	01/11/2013	01/11/2013	-	Active	NO
4	U40101WB2007SGC113474	WEST BENGALSTATE ELECTRICITY TRANSMISSION COMPANY LIMITED	Director	01/11/2013	01/11/2013	-	Active	NO
5	U40109WB2007SGC113473	WEST BENGALSTATE ELECTRICITY DISTRIBUTION COMPANY LIMITED	Director	01/11/2013	01/11/2013	-	Active	NO
6	U70101WB1999SGC089276	WEST BENGAL HOUSING INFRASTRUCTURE DEVELOPMENT CORPORATION LIMITED	Director	04/11/2013	04/11/2013	-	Active	NO
7	U40102WB1961SGC025250	THE DURGAPUR PROJECTS LTD	Director	06/11/2013	06/11/2013	-	Active	NO
8	U45203WB2012SGC180687	WEST BENGAL HIGHWAY DEVELOPMENT CORPORATION LIMITED	Director	12/11/2013	12/11/2013	-	Active	NO

Name :

Debi Prosad Goswami

Designation :

Director

Address :

Lake View Complex, Flat No.H3/A/3/5/B/1, Drainage Canal Road, P.O. Santragachi, Howrah – 711104, West Bengal, India

Date of Birth/Age :

26.10.1954

Date of Appointment :

28.06.2012

Voter ID No. :

HLZ2041994

DIN No. :

05234411

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	U23100WB2011SGC161115	DPL COKE OVEN LIMITED	Director	29/02/2012	29/02/2012	-	Active	NO
2	U40102WB1961SGC025250	THE DURGAPUR PROJECTS LIMITED	Director	28/06/2012	28/06/2012	-	Active	NO

Name :

Mr. Sujit Chakravorti

Designation :

Director

Address :

Romola Villa, Flat A-3, 17/7, James Long Sarani Behala, Kolkata – 700034, West Bengal, India

Date of Birth/Age :

13.09.1943

Date of Appointment :

01.02.2013

DIN No. :

00066344

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	L63022WB1954PLC021638	DEEPAK INDUSTRIES LIMITED	Director	03/05/2008	22/11/2000	-	Active	NO
2	L27202GJ1962PLC040548	JHAGADIA COPPER LIMITED	Nominee director	22/11/2000	22/11/2000	26/09/2007	Active	NO
3	L74140WB1996PLC081521	SHALIMAR WIRES INDUSTRIES LIMITED	Nominee director	03/08/2001	03/08/2001	26/09/2007	Active	NO
4	L20211WB1957PLC023493	SARDA PLYWOOD INDUSTRIES LIMITED	Director	27/09/2002	27/09/2002	-	Active	NO
5	L20211AS1982PLC001969	KITPLY INDUSTRIES LIMITED	Director	29/06/2004	29/06/2004	22/09/2012	Active	NO
6	L36900WB1979PLC032046	WEBFIL LIMITED	Director	29/06/2006	29/06/2006	-	Active	NO
7	U29262WB1986PTC040209	PARCON (INDIA) PRIVATE LIMITED	Director	18/08/2007	09/07/2007	-	Active	NO
8	U40101ML1976GOI001658	NORTH EASTERN ELECTRIC POWER CORPN LIMITED	Director	20/02/2008	20/02/2008	19/02/2011	Active	NO
9	U85195WB1976SGC030823	INFUSIONS (INDIA) LIMITED	Director	01/08/2011	01/08/2011	-	Active	NO
10	U24119WB1963SGC025873	DURGAPUR CHEMICALS LIMITED	Director	11/07/2012	11/07/2012	-	Active	NO
11	L17232WB1890PLC000627	FORT GLOSTER INDUSTRIES LIMITED	Nominee director	08/01/2013	08/01/2013	19/03/2013	Active	NO
12	U40102WB1961SGC025250	THE DURGAPUR PROJECTS LIMITED	Director	01/02/2013	01/02/2013	-	Active	NO

Name :

Mr. Suhridoy Mahapatra

Designation :

Director

Address :

Neelachal Abasan Purba, C2, 98, Rajdanga Gold Park (N), Kolkata - 700107, West Bengal, India

Date of Birth/Age :

28.04.1945

Date of Appointment :

01.02.2013

DIN No. :

00110415

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	U40102WB1961SGC025250	THE DURGAPUR PROJECTS LIMITED	Director	01/02/2013	28/03/2002	-	Active	NO
2	U10102WB1996PLC076986	BENGAL EMTA COAL MINES LIMITED	Director	01/08/2004	01/08/2004	10/09/2009	Active	NO
3	U40104WB1985SGC039154	THE WEST BENGAL POWER DEVELOPMENT CORPORATION LIMITED	Managing director	01/08/2004	01/08/2004	30/06/2009	Active	NO
4	U40108WB2007SGC121189	WEST BENGAL GREEN ENERGY DEVELOPMENT CORPORATION LIMITED	Director	25/06/2009	26/12/2007	30/09/2011	Active	NO

Name :

Mr. Amaresh Chandra Sarkar

Designation :

Director

Address :

Flat F/1, 67/14, G.T.R. Raod (West), Mallickpara, Serampore, Hooghly – 712203, West Bengal, India

Date of Birth/Age :

02.01.1948

Date of Appointment :

01.02.2013

DIN No. :

02473276

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	U40101WB2007SGC113474	WEST BENGALSTATE ELECTRICITY TRANSMISSION COMPANY LIMITED	Managing director	14/12/2010	01/12/2008	01/02/2013	Active	NO
2	U40102WB1961SGC025250	THE DURGAPUR PROJECTS LIMITED	Director	01/02/2013	01/02/2013	-	Active	NO
3	U40109WB2003PLC096966	NEW TOWN ELECTRIC SUPPLY COMPANY LIMITED	Managing director	01/03/2013	01/03/2013	-	Active	NO

Name :

Mr. Narayan Swaroop Nigam

Designation :

Director

Address :

Palm Villa, ADM Office, Asansol, Burdwan – 713304, West Bengal, India

Date of Birth/Age :

25.12.1973

Date of Appointment :

04.09.2013

DIN No. :

00837453

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	U40102WB1961SGC025250	THE DURGAPUR PROJECTS LIMITED	Director	04/09/2013	05/07/2004	-	Active	NO
2	U45201WB2001PLC092865	BENGAL SHRISTI INFRASTRUCTURE DEVELOPMENT LIMITED	Director	17/09/2004	17/09/2004	17/09/2007	Active	NO
3	U91990WB2003NPL097471	DURGAPUR CITY CENTRE MANAGEMENT SERVICES	Director	28/02/2005	28/02/2005	15/10/2011	Active	NO
4	U40109WB2007SGC113473	WEST BENGALSTATE ELECTRICITY DISTRIBUTION COMPANY LIMITED	Director	13/08/2013	13/08/2013	-	Active	NO
5	U40109WB2003PLC096966	NEW TOWN ELECTRIC SUPPLY COMPANY LIMITED	Nominee director	14/08/2013	14/08/2013	-	Active	NO
6	U40108WB2007SGC121189	WEST BENGAL GREEN ENERGY DEVELOPMENT CORPORATION LIMITED	Director	27/09/2013	27/09/2013	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Debasis Sinha
Designation :	Secretary
Address :	6, Batayan Group Housing Complex, Bidhannagar, Durgapur, Burdwan – 713212, West Bengal, India
Date of Birth/Age :	16.09.1955
Date of Appointment :	31.03.1994
PAN No.:	AJEPS1202P
Voter ID No. :	WB/37/265/678136

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 28.09.2013

Names of Shareholders	No. of Shares
Governor of West Bengal	11319997
Malay Kumar De	1
Debi Prosad Goswami	1
Anindya Narayan Biswas	1
Total	11320000

As on 28.09.2013

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Government [Central and State]	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Coke and By-produts and Processing of Raw Water and also Generation of Power.

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

United Bank of India, Coke Oven Branch, Dr. B.C. Roy Avenue, Durgapur - 713201, West Bengal, India$

Facilities :

SECURED LOANS	31.03.2013 (Rs. in Millions)	31.03.2012 (Rs. in Millions)
LONG TERM BORROWINGS
Loan from UBI (Coke Oven Branch, Durgapur I)	138.000	191.667
Loan from Power Finace Corporation Limited	447.949	0.000
SHORT TERM BORROWINGS
Working Capial Loan from UBI (Coke Oven Branch, DGP I)	0.000	45.000
Cash Credit with UBI, Coke Oven Branch, Durgapur- I	100.072	0.000
Total	686.021	236.667

NOTE

SHORT TERM BORROWINGS

The Short term Loan o Rs. 180.000 Millions from the United Bank of India, Coke Oven Branch, and Rs. 500.000 Millions from Power Finance Corporation Limited have been repaid during the year.

Further loans was drawn in the following manner

From United Bank of India: Cash Credit facility upto Rs. 250.000 Millions has been obtained from UBI against which charge has been created on inventory of stores and spares and debtors. The said facility was utilized and the amount outstanding includes accrued interest amount of Rs. 0.072 Million as on 31.03.2013

Banking Relations :	--
Financial Institution:	Power Finance Corporation Limited, 'Urjanidhi', 1,Barakhamba Lane, Connaught Place, New Delhi - 110001, India
Auditors :
Name :	Dutta Sarkar and Company Chartered Accountants
Address :	7A, Kiron Sankar Roy Road, 2^nd Floor, Kolkata – 700001, West Bengal, India
Tel. No. :	91-33-22481760/ 22131333/ 22483297
Fax No. :	91-33-22824889/ 22103885
E-Mail :	info@duttasarkar.com dusac.2009@rediffmail.com dusac@vsnl.com
Website:	www.duttasarkar.com
Income-tax PAN of auditor or auditor's firm :	AACFD3349R

CAPITAL STRUCTURE

As on 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
15,000,000	Equity Shares	Rs.1000/- each	Rs. 15000.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
11,320,000	Equity Shares	Rs.1000/- each	Rs. 11320.000 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	11320.000	10880.000	10460.000
(b) Reserves & Surplus	(8911.045)	(8253.784)	(7298.580)
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	2408.955	2626.216	3161.420
(3) Non-Current Liabilities
(a) long-term borrowings	18072.625	13097.219	10369.077
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	8365.464	4566.033	4276.210
(d) long-term provisions	1328.816	1218.609	1151.875
Total Non-current Liabilities (3)	27766.905	18881.861	15797.162
(4) Current Liabilities
(a) Short term borrowings	761.122	545.000	136.000
(b) Trade payables	1611.648	4169.521	3249.397
(c) Other current liabilities	4381.200	4295.914	2699.174
(d) Short-term provisions	234.777	220.401	152.720
Total Current Liabilities (4)	6988.747	9230.836	6237.291
TOTAL	37164.607	30738.913	25195.873
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	15227.730	15497.514	16026.922
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	12039.927	5769.921	1247.669
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	3.523	3.523	3.023
(c) Deferred tax assets (net)	118.300	118.300	118.300
(d) Long-term Loan and Advances	574.200	1340.559	1682.210
(e) Other Non-current assets	1410.522	600.268	664.176
Total Non-Current Assets	29374.202	23330.085	19742.300
(2) Current assets
(a) Current investments	284.032	200.000	211.500
(b) Inventories	983.543	982.643	1632.417
(c) Trade receivables	3092.716	1119.628	956.963
(d) Cash and cash equivalents	263.710	649.870	412.608
(e) Short-term loans and advances	366.367	1132.943	1098.420
(f) Other current assets	2800.037	3323.744	1141.665
Total Current Assets	7790.405	7408.828	5453.573
TOTAL	37164.607	30738.913	25195.873

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	10812.454	10719.648	8630.674
		Other Income	132.190	74.100	91.893
		TOTAL (A)	10944.644	10793.748	8722.567
Less	EXPENSES
		Cost of materials consumed	4896.079	4323.625	4432.959
		Purchase of Power	1605.843	1047.262	1541.208
		Employee benefit expense	1965.697	1795.134	1579.249
		Other expenses	1346.758	1528.957	1357.286
		Changes in inventories of finished goods, work-in-progress and stock in trade	20.841	(24.194)	(18.716)
		Prior Period Items	(74.671)	837.126	61.629
		Exceptional items	(1.205)	(15.216)	(0.058)
		TOTAL (B)	9759.342	9492.694	8953.557
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		1185.302	1301.054	(230.990)
Less	FINANCIAL EXPENSES (D)		1091.519	1424.164	1059.113
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		93.783	(123.110)	(1290.103)
Less/ Add	DEPRECIATION/ AMORTISATION (F)		774.059	751.787	753.707
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)		(680.276)	(874.897)	(2043.810)
Less	TAX (H)		0.000	0.000	0.000
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)		(680.276)	(874.897)	(2043.810)
	IMPORTS
		Components and Spare Parts	NA	12.864	13.428
	TOTAL IMPORTS		NA	12.864	13.428
	Earnings / (Loss) Per Share (Rs.)		(62.51)	(83.62)	(204.13)

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	(6.22)	(8.11)	(23.43)
Net Profit Margin (PBT/Sales)	(%)	(6.29)	(8.16)	(23.68)
Return on Total Assets (PBT/Total Assets}	(%)	(2.72)	(3.52)	(8.58)
Return on Investment (ROI) (PBT/Networth)		(0.28)	(33.31)	(64.65)
Debt Equity Ratio (Total Debt/Networth)		7.82	5.19	3.32
Current Ratio (Current Asset/Current Liability)		1.11	0.80	0.87

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	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 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]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	Yes
34]	External Agency Rating, if available	No

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10416013	22/03/2013	1,250,000,000.00	POWER FINANCE CORPORATION LIMITED	'URJANIDHI', 1,BARAKHAMBA LANE, CONNAUGHT PLACE, NEW DELHI - 110001, INDIA	B71892210
2	10413363	22/03/2013	4,104,700,000.00	POWER FINANCE CORPORATION LIMITED	'URJANIDHI', 1,BARAKHAMBA LANE, CONNAUGHT PLACE, NEW DELHI - 110001, INDIA	B71303739
3	10300461	25/03/2013 *	484,500,000.00	UNITED BANK OF INDIA	COKE OVEN BRANCH, DR. B.C. ROY AVENUE, DURGAPUR - 713201, WEST BENGAL, INDIA	B73386302

* Date of charge modification

UNSECURED LOANS

PARTICULAR	31.03.2013 (Rs. in Millions)	31.03.2012 (Rs. in Millions)
LONG TERM BORROWINGS
Loan from Government of West Bengal	1803.633	1747.133
Loan from Central Electricity Authority	118.100	118.100
Loan from Power Finance Corporation Limited	15564.943	11040.319
SHORT TERM BORROWINGS
Term Loan from Power Finance Corporation Limited	661.050	500.000
Total	18147.726	13405.552

FIXED ASSETS

· Land

Leasehold Land

Building

Plant and Equipment

Furniture and Fixture

Office Equipment

Vehicles

Railway Lines and Sidings

Locomotive and Rolling Stock

Electric Installations

Library

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.62.24
UK Pound	1	Rs.101.81
Euro	1	Rs.84.88

INFORMATION DETAILS

Report Prepared by :

MRI

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	2
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	2
--CREDIT LINES	1~10	2
--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
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		28

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.