MIRA INFORM REPORT

Report Date :

21.06.2013

IDENTIFICATION DETAILS

Name :	INTERARCH BUILDING PRODUCTS PRIVATE LIMITED (w.e.f. 09.08.1985)
Formerly Known As :	LUXALON BUILDING PRODUCTS PRIVATE LIMITED
Registered Office :	Farm No.-8, Khasara No. 56/23/2, Dera Mandi Road, Mandi Village, Tehsil Mehrauli, New Delhi – 110047
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	30.11.1983
Com. Reg. No.:	55-017029
Capital Investment / Paid-up Capital :	Rs.75.003 Millions
CIN No.: [Company Identification No.]	U45201DL1983PTC017029
TAN No.: [Tax Deduction & Collection Account No.]	DELI04536A
PAN No.: [Permanent Account No.]	AAACI0106J
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is involved in manufacturing, supply, erection and installation of pre-engineered steel construction solutions, Metal roofing and cladding systems and metal false ceilings
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (50)

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

Maximum Credit Limit :	USD 3100000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is a well established company having a satisfactory track record. The company has performed well and wipe out its accumulated losses. The Networth of the company seems to be strong. Trade relations are reported to be fair. Business is active. Payment terms are reported to be usually correct and as per commitment. The company can be considered for normal business dealings at usual trade terms and condition.

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

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	Long term rating: A-
Rating Explanation	Having adequate degree of safety regarding timely servicing of financial obligation it carry low credit risk.
Date	03 June 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 :	Mr. R N Mishra
Designation :	Account Department
Contact No.:	91-9711433609
Date :	20.06.2013

LOCATIONS

Registered Office :	Farm No.-8, Khasara No. 56/23/2, Dera Mandi Road, Mandi Village, Tehsil Mehrauli, New Delhi – 110047, India
Tel. No.:	91-11-26651573
Mobile No.:	91-9711433609 (Mr. R N Mishra)
Fax No.:	Not Available
E-Mail :	arvind.nanda@interarchbuildings.com info@interarchbuildings.com
Website :	http://www.interarchbuildings.com
Central Marketing Office:	B-30, Sector - 57, Noida - 201301, Uttar Pradesh, India
Tel. No.:	91-120 - 4170200 / 2581029 / 2586300
Fax No.:	91-120 - 2581017 / 4170200
E-Mail :	info.marketing@interarchbuildings.com
Factory 1 :	Plot No. 14, Sector- 2, IIE., Pantnagar, Rudrapur - 263143, Uttarakhand, India
Factory 2 :	Plot No. A, Khasra No. 276 - A, 2 KM on Kichha - Rudrapur Road, Kichha - 263 148, District Udham Singh Nagar (Uttarakhand), India
Factory 3 :	Plot No. 29, Udyog Vihar Greater Noida - 201 306, Uttar Pradesh, India
Tel. No.:	91-120-3091563
Fax No.:	91-120-2580793
Regional Office 1 / Factory 4 :	Plot No. D-1/1, SIPCOT Industrial Park, Mambakkam, Sriperembudur - 602 105 Kancheepuram, Tamilnadu, India
Regional Office 2 :	No.704, Koldongri C.H.S. Near Solitaire Hotel Sahar Road, Andheri (East), Mumbai – 400099, Maharashtra, India
Tel. No.:	91-22-42667558
Fax No.:	91-22-426758
Regional Office :	Also Located At · Chandigarh · Ahmedabad · Baroda · Bhopal · Indore · Kolkata · Pune · Hyderabad · Bangalore

DIRECTORS

As on 29.09.2012

Name :

Mr. Arvind Nanda

Designation :

Director

Address :

Farm No.-8, Khasara No. 56/23/2, Dera Mandi Road, Mandi Village, Tehsil Mehrauli, New Delhi – 110047, India

Date of Birth/Age :

16.10.1954

Date of Appointment :

30.11.1983

PAN No.:

AAAPN2641L

DIN No.:

00149426

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	U45201DL1983PTC017029	INTERARCH BUILDING PRODUCTS PRIVATE LIMITED	Director	30/11/1983	30/11/1983	-	Active	NO
2	U74899DL1984PTC019117	ARIES DEVELOPERS PRIVATE LIMITED	Director	01/02/2005	01/02/2005	-	Active	NO
3	U70102DL2005PTC140966	SIGNU HOMES PRIVATE LIMITED	Director	20/09/2005	20/09/2005	02/02/2010	Active	NO
4	U45201DL2005PTC140967	LIBRA BUILDWELL PRIVATE LIMITED	Director	20/09/2005	20/09/2005	-	Active	NO
5	U74899DL1983PTC016532	TAIPAN ASSOCIATES PRIVATE LIMITED	Director	13/04/2007	13/04/2007	-	Active	NO
6	U74210DL2008PTC174330	DESIGNPLUS ARCHITECTURE PRIVATE LIMITED	Additional director	21/12/2010	21/12/2010	22/08/2011	Active	NO

Name :

Mr. Gautam Suri

Designation :

Director

Address :

F-36 Radhe Mohan Drive Gadaipur Bandh New Delhi-110030, India

Date of Birth/Age :

28.08.1970

Date of Appointment :

30.11.1983

PAN No.:

AAJPS9920L

DIN No.:

00149374

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	U45201DL1983PTC017029	INTERARCH BUILDING PRODUCTS PRIVATE LIMITED	Director	30/11/1983	30/11/1983	-	Active	NO
2	U74899DL1990PTC039309	IGS HOLDINGS PRIVATE LIMITED	Director	22/02/1990	22/02/1990	-	Active	NO
3	U70101DL2005PTC132353	SIGNU REAL ESTATE PRIVATE LIMITED	Director	24/01/2005	24/01/2005	-	Active	NO
4	U70102DL2005PTC140966	SIGNU HOMES PRIVATE LIMITED	Director	20/09/2005	20/09/2005	-	Active	NO

Name :

Ms. Uma Nanda

Designation :

Director

Address :

5/1, Shanti Niketan, New Delhi-110021, India

Date of Birth/Age :

23.11.1930

Date of Appointment :

05.12.2007

DIN No.:

00149488

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	U74899DL1983PTC016532	TAIPAN ASSOCIATES PRIVATE LIMITED	Director	02/05/1986	02/05/1986	-	Active	NO
2	U45201DL1983PTC017029	INTERARCH BUILDING PRODUCTS PRIVATE LIMITED	Director	05/12/2007	05/12/2007	-	Active	NO

Name :

Mr. Jaspal Singh Sabharwal

Designation :

Nominee Director

Address :

A-Ph- 01, 12th Floor A Block Central Park 1 Sector-42, Guargaon-122002, Haryana, India

Date of Birth/Age :

07.06.1967

Date of Appointment :

05.12.2007

DIN No.:

00899094

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	U51219MH2003PTC142121	CAPITAL FOODS EXPORTTS PRIVATE LIMITED	Director	31/10/2006	31/10/2006	15/02/2010	Active	NO
2	U18202DL2003PLC121787	LILLIPUT KIDSWEAR LIMITED	Director	25/09/2010	14/11/2006	29/09/2011	Active	NO
3	U45201DL1983PTC017029	INTERARCH BUILDING PRODUCTS PRIVATE LIMITED	Nominee director	05/12/2007	05/12/2007	-	Active	NO
4	U85110AP1998PTC030229	RAVINDRANATH GE MEDICAL ASSOCIATES PRIVATE LIMITED	Nominee director	03/03/2008	03/03/2008	-	Active	NO
5	U55209MH2006PTC161530	PAN INDIA FOOD SOLUTIONS PRIVATE LIMITED	Nominee director	30/09/2009	16/10/2008	-	Active	NO
6	U85110MH2007PLC169493	FUTURE HOSPITALITY MANAGEMENT LIMITED	Additional director	24/12/2009	24/12/2009	03/05/2010	Active	NO
7	U55101DL2004PTC128060	JS HOSPITALITY SERVICES PRIVATE LIMITED	Director	05/12/2011	05/12/2011	-	Active	NO
8	U55204DL2012PTC238108	PIND BALLUCHI HOSPITALITY PRIVATE LIMITED	Director	27/06/2012	27/06/2012	-	Active	NO

Name :

Mr. Ishaan Suri

Designation :

Director

Address :

F-36 Radhe Mohan Drive Gadaipur Bandh New Delhi-110030, India

Date of Birth/Age :

04.08.1981

Date of Appointment :

26.09.2011

PAN No.:

ATWPS6366G

DIN No.:

02714298

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	U74899DL1990PTC039309	IGS HOLDINGS PRIVATE LIMITED	Director	12/08/2009	12/08/2009	-	Active	NO
2	U70102DL2005PTC140966	SIGNU HOMES PRIVATE LIMITED	Director	01/02/2010	01/02/2010	-	Active	NO
3	U45201DL1983PTC017029	INTERARCH BUILDING PRODUCTS PRIVATE LIMITED	Director	26/09/2011	26/09/2011	-	Active	NO

Name :

Mr. Atul Kapur

Designation :

Nominee Director

Address :

21 Holland PK #07-21 Lien Towers, Singapore - 249476

Date of Birth/Age :

22.06.1963

Date of Appointment :

11.07.2011

DIN No.:

01778935

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	U74920MH1982PLC027283	TOPS SECURITY LIMITED	Director	29/12/2007	13/08/2007	21/04/2009	Active	NO
2	U40109TN2006PTC085606	REGEN POWERTECH PRIVATE LIMITED	Nominee director	29/10/2007	29/10/2007	-	Active	NO
3	U74999MH2006PLC165722	FUTURE BRANDS LIMITED	Director	10/09/2008	04/01/2008	14/08/2010	Active	NO
4	U52399MH2007PLC171178	FUTURE E-COMMERCE INFRASTRUCTURE LIMITED	Director	22/11/2008	19/06/2008	-	Active	NO
5	U74300MH2006PLC160375	FUTURE MEDIA (INDIA) LIMITED	Nominee director	18/09/2008	19/06/2008	-	Active	NO
6	U85110AP1998PTC030229	RAVINDRANATH GE MEDICAL ASSOCIATES PRIVATE LIMITED	Nominee director	27/06/2008	27/06/2008	-	Active	NO
7	U72900MH2008PTC182808	TIKONA DIGITAL NETWORKS PRIVATE LIMITED	Director	04/09/2008	06/08/2008	-	Active	NO
8	U92120MH2002PLC135806	PERCEPT LIMITED	Additional director	21/01/2010	21/01/2010	-	Active	NO
9	U51909WB2009PTC136998	INDOSTAR CAPITAL FINANCE PRIVATE LIMITED	Director	23/09/2011	28/04/2011	-	Active	NO
10	U45201DL1983PTC017029	INTERARCH BUILDING PRODUCTS PRIVATE LIMITED	Nominee director	11/07/2011	11/07/2011	-	Active	NO

KEY EXECUTIVES

Name :	Ms. Nidhi Goel
Designation :	Company Secretary
Address :	D-32 Sectro-49 Noida-201301, Uttar Pradesh, India
Date of Birth/Age :	17.11.1979
Date of Appointment :	24.04.2006
Pan No.:	AJZPG0078L
Name :	Mr. R N Mishra
Designation :	Account Department

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 29.09.2012

Names of Shareholders	No. of Shares
Gautam Suri	238765
Taipan Associates Private Limited, India	29000
Arvind Nanda	295260
Ishaan Suri	29395
Ishaan Suri / Gautam Suri	600
IGS Holdings Private Limited, India	26250
Uma Nanda	700
Shobhna Suri	30005
K.L. Nanda	55
Indivision Partners, Mauritius	100000
Total	750030

Equity Share Break up (Percentage of Total Equity)

As on 29.09.2012

Category	Percentage
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	13.33
Bodies corporate	7.37
Directors or relatives of Directors	79.30
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is involved in manufacturing, supply, erection and installation of pre-engineered steel construction solutions, Metal roofing and cladding systems and metal false ceilings

PRODUCTION STATUS (As on 31.03.2011)

Particulars	Unit	Installed Capacity #	Actual Production
Metal Ceilings	MT	5000	1459.78
Metal Roofing/Cladding	MT	12000	8672.32
Steel Structure	MT	18000	30826.60

# The installed capacity mentioned is for Single Shift working.

Licensed Capacity 1½ Not Applicable in terms of Government of India's Notification No. S.O. 477 (E) dated July 25, 1991

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

· Axis Bank Limited, 2^nd Floor, Statesman House, 148, Barakhamba Road, New Delhi – 110001, India

· The Hongkong and Shanghai Banking Corporation Limited, Birla Towers, 25 Barakhamba Road, New Delhi - 110001, India

· Standard Chartered Bank, Credit Documentation Unit, Narain Manzil, 23 Barakhamba Road, New Delhi - 110001, India

· HDFC Bank Limited, 169, Backbay, Reclamation, Churchgate, Mumbai - 400020, Maharashtra, India

Facilities :

Secured Loan	31.03.2012 (Rs. in Millions)	31.03.2011 (Rs. in Millions)
Long-term Borrowings
Other loans and advances	14.394	6.198
Rupee term loans from banks	0.000	33.555
Total	14.394	39.753
Short-term borrowings
Rupee term loans from banks (secured against entire current assets and moveable fixed assets of the company on pari-passu basis)	24.493	111.098
Working capital loans from banks	0.000	100.000
Total	24.493	211.098

Banking Relations :	--
Auditors :
Name :	S.R. Batliboi and Associates Chartered Accountants
Address :	Golf View, Corporate Tower B Sec 42 Sector Road , Gurgaon-122002 Haryana, India
PAN No. :	AABFS3421N
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives:	· Libra Buildwell Private Limited, India CIN: U45201DL2005PTC140967 · Aries Developers Private Limited, India CIN: U74899DL1984PTC019117 · Signu Real Estate Private Limited, India CIN: U70101DL2005PTC132353 · Igs Holdings Private Limited, India CIN: U74899DL1990PTC039309 · Taipan Associates Private Limited, India CIN: U74899DL1983PTC016532

CAPITAL STRUCTURE

As on 31.03.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
1000000	Equity Shares	Rs.100/- each	Rs.100.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
750030	Equity Shares	Rs.100/- each	Rs.75.003 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	75.003	75.003
(b) Reserves & Surplus	1689.277	1473.765
	1764.28	1548.768
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000
(3) Non-current liabilities
(a) long-term borrowings	14.394	39.752
(b) Deferred tax liabilities (Net)	0.000	0.000
(c) Other long term liabilities	16.532	150.518
(d) long-term provisions	52.045	37.192
(4) Current liabilities
(a) Short term borrowings	24.493	251.807
(b) Trade payables	572.681	503.216
(c) Other current liabilities	374.135	215.093
(d) Short-term provisions	20.092	13.433
TOTAL	2838.652	2759.779
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	614.506	558.687
(ii) Intangible Assets	3.854	2.857
(iii) Capital work-in-progress	8.037	78.509
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	17.050	17.983
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	93.937	106.828
(e) Other Non-current assets	129.919	88.181
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	916.243	818.890
(c) Trade receivables	597.113	926.945
(d) Cash and cash equivalents	254.768	25.322
(e) Short-term loans and advances	87.966	98.808
(f) Other current assets	115.259	36.769
TOTAL	2838.652	2759.779

SOURCES OF FUNDS		31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		75.003
2] Share Application Money		0.000
3] Reserves & Surplus		1558.912
4] (Accumulated Losses)		(204.987)
NETWORTH		1428.928
LOAN FUNDS
1] Secured Loans		600.461
2] Unsecured Loans		0.000
TOTAL BORROWING		600.461
DEFERRED TAX LIABILITIES		0.000
TOTAL		2029.389
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		695.732
Capital work-in-progress		0.000
INVESTMENT		0.098
DEFERREX TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	645.081
	Sundry Debtors	849.426
	Cash & Bank Balances	57.281
	Other Current Assets	125.011
	Loans & Advances	292.909
Total Current Assets		1969.708
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	244.423
	Other Current Liabilities	340.900
	Provisions	50.826
Total Current Liabilities		636.149
Net Current Assets		1333.559
MISCELLANEOUS EXPENSES		0.000
TOTAL		2029.389

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income		NA	2207.112
		Other Income			55.861
		TOTAL (A)		NA	2262.973
Less	EXPENSES
		Raw Material Consumed	NA	NA	1306.655
		Decrease in Inventories	NA	NA	62.479
		Personnel Expenses	NA	NA	374.009
		Operating and Other Expenses	NA	NA	722.187
		Prior period Expenses	14.870	10.641	4.146
		TOTAL (B)	NA	NA	2469.476
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		NA	NA	(206.503)
Less	FINANCIAL EXPENSES (D)		NA	NA	82.773
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		329.321	201.130	(289.276)
Less/ Add	DEPRECIATION/ AMORTISATION (F)		81.570	73.983	72.099
	PROFIT / (LOSS) BEFORE TAX (E-F) (G)		247.751	127.147	(361.375)
Less	TAX (H)		32.239	7.306	24.368
	PROFIT / (LOSS) AFTER TAX (G-H) (I)		215.512	119.841	(385.743)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		(85.147)	(204.987)	180.756
	BALANCE / (LOSS) CARRIED TO THE B/S		130.365	(85.147)	(204.987)
	IMPORTS
		Raw Materials	NA	339.121	288.177
		Capital Goods	NA	0.000	0.060
	TOTAL IMPORTS		NA	339.121	288.237
	Earnings / (Loss) Per Share (Rs.)		287.34	(113.52)	(514.30)

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	NA	NA	(17.05)
Net Profit Margin (PBT/Sales)	(%)	NA	NA	(16.37)
Return on Total Assets (PBT/Total Assets}	(%)	8.81	4.77	(13.56)
Return on Investment (ROI) (PBT/Networth)		0.14	0.08	(0.25)
Debt Equity Ratio (Total Debt /Networth)		0.05	0.19	0.87
Current Ratio (Current Asset/Current Liability)		1.99	1.94	3.10

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	Yes
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]	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	No
34]	External Agency Rating, if available	Yes

UNSECURED LOAN

PARTICULARS	31.03.2012 (Rs. in Millions)	31.03.2011 (Rs. in Millions)
Short-term borrowings
Loans and advances from directors	0.000	40.709
Total	0.000	40.709

TURNOVER AND PROFIT:

The total Gross Turnover for the current year is Rs.4077.800 Millions, showing an increase of 33% as compared to the previous year The Company has reported a profit of Rs.247.500 Millions as compared to a profit of Rs.127.100 Millions in the previous year.

FUTURE OUTLOOK

The year to 31st March 2012 has ended on a positive note for The Company. The company turnover has grown by about 33% and profits by 50%.

The year saw a good growth in business and besides Order values; They also saw a increase in High Quality customers coming to Interarch.

The Company’s strategy from 2009 onwards has been to:

1. Market Interarch to multi-national companies and large Indian companies

2. Associate The company with companies in long term products with a long-term approach in India

3. Promote and associate The Company as PARTNERS with The Company’s buyers rather than onetime sales.

4. Expand the reach of Interarch geographically to be closer to more clients pan India

5. Get into more complex and value-added buildings rather than simple buildings

6. Become the preferred partner/supplier by focusing on quality of service and experience rather than price

7. Improve the Engineering department and make it capable of handling more complex buildings and high quality customers.

8. Improve project department for better project management and to execute and manage Project execution more professionally and efficiently in a planned manner.

They find that in the last 3 years The Company is well on its way to succeed substantially in Their overall plan.

The Company’s has managed to secure orders and repeat business from many World Class companies like Seimens, ABB , Asian Paints, BHEL, Timken, ITC , Shapoorji, Ultratech, BILT etc.

Japanese companies in India have preferred to deal with Interarch due to The company superior service levels. The company’s has worked with over 50 Japanese companies in the last 3 years. Many are World Leaders like Honda, Toyota, Yamaha, TOTO.

Automobile Giants like FORD have put up their first PEB with Interarch.

TATA Motors has continued to give orders to Interarch for all their projects and many auto ancillaries continue to be Interarchs partners in PEBs The Company’s has made good breakthrough in Logistic and Retail industry as well, The company have got orders from Metro, Carrefour, Safe Express India Land have also ordered their warehouses with us.

The Company’s has expanded its Marketing and sales team to over 75 persons spread all over India. The company Corporate Marketing team is doing an excellent job promoting Interarch and keeping it in public eye view constantly by seminars, presentations, exhibitions and articles in Industry Magazines and newspapers. Some level of limited advertising has also taken place in Industry and technical magazines.

The Company’s plans for the coming year are to consolidate these efforts and fill in some spots in cities where they still need stronger offices and presence.

The Company’s Chennai plant became functional last year and is currently doing 33% of its installed capacity. They hope to achieve 100% by end of this financial year.

The Company’s order intake has slowed down after a big increase, in the 3rd quarter of this calendar year. The Company’s is definitely seeing a slowdown which can be associated with the Economic downturn and extremely negative sentiment in the Indian Economy. The Company’s hopes to achieve its target of Rs. 5000.000 Millions of sales by 31st March 2013. The Company’s order intake is approx. Rs 3600.000 Millions by end of September?2012 and hopes that in next 3 months it will see a larger intake which will take the total figure to nearer Rs 4800.000 Millions. The Company’s has many large and medium-sized enquiries in the last stages of finalization.

The company enquiry intake is still going strong even though Order finalization has definitely slowed down. May be with the new actions taken by the Government in the past few weeks may lift the sentiment and gloom which is there in the Industry currently.

The company’s plans for the next year is to consolidate its Order position and improve the factory production to 100% capacity. The factory capacity is approx. Rs 6000.000 Millions and They hope to achieve this in the 2013-14 financial year.

The company’s is planning to purchase land in Gujarat in the coming months and hopefully put up a factory there before March 2014. This factory would do some added products like Hot rolled sections also which will help us get into new business/ building segments like multi-storeyed and heavier structures for Power and other sectors.

The Markets are definitely facing a huge roadblock and The company hopes to overcome these by pressing ahead with better reach to customers, more products, newer customers, and ensure that They work with customers who keep expanding irrespective of ups and downs in Economic situation. New segments like Retail, warehousing and Infrastructure are opening up. Industries like Cement and Auto are expanding fast and are large users of PEBs.

The Margins are also under pressure and will continue to remain so for the next 18-24 months. This is due to competition and demands of customers as they are also under great pressure to reduce costs.

There is still a great demand and future for PEBs and Steel buildings and structures in India. The company wants to position Interarch in a way that its ready to take advantage of this demand in the future and be ready for the next boom in construction and Industry , which They see coming by 2014-15 going by the trends.

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	U45201DL1983PTC017029
Name of the company	INTERARCH BUILDING PRODUCTS PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	Farm No.-8, Khasara No. 56/23/2, Dera Mandi Road, Mandi Village, Tehsil Mehrauli, New Delhi – 110047, India Email: arvind.nanda@interarchbuildings.com
This form is for	Modification of charge
Charge identification (ID) number of the charge to be modified	10148906
Type of charge	· Book debts · Movable property (not being pledge)
Particular of charge holder	CIN: U45201DL1983PTC017029 Axis Bank Limited, 2^nd Floor, Statesman House, 148, Barakhamba Road, New Delhi – 110001, India Email: shekhar.jain@axisbank.com
Nature of instrument creating charge	Composite Hypothecation Deed (Current Assets, Movables, Plant and Machinery)
Date of instrument Creating the charge	16.04.2013
Amount secured by the charge	Rs.400.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest As per sanction letter no. Axisb/mc1/am/2012-13/354 dated 02.01.2013 and axisb/mc1/am/2012-13/355 dated 02.01.2013 to be amended from time to time. Terms of Repayment As per sanction letter no. Axisb/mc1/am/2012-13/354 dated 02.01.2013 and axisb/mc1/am/2012-13/355 dated 02.01.2013 to be amended from time to time. Margin As per sanction letter no. Axisb/mc1/am/2012-13/354 dated 02.01.2013 and Axisb/mc1/am/2012-13/355 dated 02.01.2013 to be amended from time to time. Extent and Operation of the charge Pari Passu Charge. Others The above is to secure the following :- Cash Credit - Rs. 150.000 Millions WCDL/FCNR(B) - (Rs.150.000 Millions) sublimit of CC Letter of credit - Rs. 250.000 Millions LOU for Buyers Credit - (rs.250.000 Millions) sublimit of lc Bank Guarantee - (RS.250.000 Millions) sublimit of LC LER Limit - (RS. 10.000 Millions) sublimit of LC *One-way interchangeability from FBWC limits to NFBWC limits
Short particulars of the property or asset(s) charged (including complete address and location of the property)	Hypothecation by way of first pari passu charge over stocks and book debts of the company stored or to be stored at the company's godowns or premises or wherever else the same may be.
Date of instrument modifying the charge	30.01.2013
Particulars of the present modification	Credit facilities enhanced from Rs. 250.000 Millions to Rs. 400.000 Millions and shall be secured by first pari passu charge over entire current assets and movable fixed assets of the company wherever located.

FIXED ASSETS

Tangible assets

· Land

· Buildings

· Factory building

· Plant and equipment

· Factory equipments

· Other plant and equipment

· Furniture and fixtures

· Vehicles

· Motor vehicles

· Office equipment

· Computer equipments

· Other equipments

· Leasehold improvements

Intangible assets

· Computer software

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 records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

6] Records on Int’l Anti-Money Laundering Laws/Standards :

Charges or investigation registered against subject: None

7] Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

8] Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

9] Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

CONTRAVENTION

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.59.70
UK Pound	1	Rs.92.21
Euro	1	Rs.79.19

INFORMATION DETAILS

Information Gathered by :	PDT
Report Prepared by :	KVT

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	5
--PROFITABILIRY	1~10	5
--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
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		50

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.