1. Summary Information

		Country	India
Company Name	Loha Ispaat Limited	Principal Name 1	Mr. Rajesh Gaurishankar Poddar
Status	Good	Principal Name 2	Mr. Manish Garg
		Registration #	11-050107
Street Address	9^th Floor, Naman Centre, C 31, Bandra Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra, India
Established Date	20.12.1988	SIC Code	--
Telephone#	91-22-26102771/ 26127174	Business Style 1	Manufacturers
Fax #	91-22-26102771	Business Style 2	--
Homepage	www.lohaispaat.com	Product Name 1	Hot Rolled Coils
# of employees	800 (Approximately)	Product Name 2	Cold Rolled Coils and Sheets
Paid up capital	Rs.686,649,000/-	Product Name 3	--
Shareholders	Bodies Corporate- 17.75, Directors or relatives of directors- 82.25%	Banking	State Bank of India
Public Limited Corp.	No	Business Period	25 years
IPO	No	International Ins.	--
Public Enterprise	No	Rating	Ba (51)
Related Company
Relation	Country	Company Name	CEO
Subsidiary	Hong Kong	Loha Ispat Hong Kong Limited	--
Note	--

2. Summary Financial Statement

Balance Sheet as of	31.03.2012		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	--	Current Liabilities	--
Inventories	--	Long-term Liabilities	--
Fixed Assets	--	Other Liabilities	--
Deferred Assets	--	Total Liabilities	--
Invest& other Assets	--	Retained Earnings	--
		Net Worth	--
Total Assets	--	Total Liab. & Equity	--
Total Assets (Previous Year)	10,924,900,000
P/L Statement as of	31.03.2012		(Unit: Indian Rs.)
Sales	29,095,641,000	Net Profit	419,814,000
Sales(Previous yr)	20,835,788,000	Net Profit(Prev.yr)	522,485,000

MIRA INFORM REPORT

Report Date :

02.03.2013

IDENTIFICATION DETAILS

Name :	LOHA ISPAAT LIMITED
Formerly Known As :	LOHA ISPAAT PRIVATE LIMITED
Registered Office :	9^th Floor, Naman Centre, C 31, Bandra Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra
Country :	India
Financials (as on) :	31.03.2012 (Profit and Loss A/c)
Date of Incorporation :	20.12.1988
Com. Reg. No.:	11-050107
Capital Investment/ Paid-up Capital :	Rs.686.649 Millions
CIN No.: [Company Identification No.]	U27200MH1988PLC050107
TAN No.: [Tax Deduction & Collection Account No.]	MUML05501G
PAN No.: [Permanent Account No.]	AAACL1583C
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturers of Hot Rolled Coils and Cold Rolled Coils and Sheets.
No. of Employees :	800 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (51)

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

Maximum Credit Limit :	USD 13300000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is an established company having a fine track record. The appears slight dip in the profits earned during 2012. However, financial position of the company is good. Trade relations are reported as decent. Business is active. Payments are reported to be regular as per commitment. The company can be considered good for normal business dealings at usual trade terms and conditions.

NOTES:

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – June 30, 2012

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

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

EXTERNAL AGENCY RATING

Rating Agency Name	CARE
Rating	BBB+ (Long Term Bank Facilities)
Rating Explanation	Moderate degree of safety and moderate credit risk.
Date	11.04.2012

Rating Agency Name	CARE
Rating	A2+ (Short Term Bank Facilities)
Rating Explanation	Strong degree of safety and low credit risk.
Date	11.04.2012

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 :	9^th Floor, Naman Centre, C 31, Bandra Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra, India
Tel. No.:	91-22-26102771/ 26127174/ 67577017/ 67577000
Mobile No.:	91-9320470079 (Mr. Rishi Vyas)
Fax No.:	91-22-26102771/ 26122396/ 26719749/ 67577031
Email :	lohaispat@vsnl.net info@lohaispaat.com shobhna_sinkar@rediffmail.com rishi.vyas@lohaispaat.com shobhana.sinkar@lochaispaat.com hitesh.jain@lohaispaat.com abhay.surve@lohaispaat.com
Website :	www.lohaispaat.com
Area :	4000 sq.fts.
Location :	Rented
Corporate Office :	201 A, Kailash Apartment, Juhu Church Road, Juhu Market, near Juhu Bus Depo. Andheri (West), Mumbai – 400049, Maharashtra, India
Tel. No.:	9I-22-65224087 / 89
Factory 1 :	E-19, MIDC, Taloja, Raigad - 410206, Maharashtra, India
Tel. No.:	91-22-27410838/ 27402647/ 65159605
Fax No.:	91-22-27412347/ 27410938
E-Mail :	lohaispaatimited@yahoo.com
Area :	10000 sq.fts.
Location :	Owned
Factory 2 :	Village – Ransai, Khopoli Pen Road, Taluka – Khalapur, District Raigad – 410203, Maharashtra, India
Tel No.:	91-2192-304700
Branches:	Located At: · Gujarat · Rajasthan · Uttar Pradesh · Madhya Pradesh · Andhra Pradesh · Tamil Nadu
International Offices :	Located At: § Dubai § Hong Kong

DIRECTORS

(AS ON 06.08.2012)

Name :

Mr. Rajesh Gaurishankar Poddar

Designation :

Managing Director

Address :

42, Gautam Apartment, 31, Juhu Road, Santacruz (West), Mumbai – 400054, Maharashtra, India

Date of Birth :

18.12.1965

Qualification :

Post Graduate

Date of Appointment :

01.01.2010

Voter ID No.:

ROL2608842

Din No.:

01384067

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Company/ LLP Status	Defaulting status
1	U27200MH1988PLC050107	LOHA ISPAAT LIMITED	Managing director	01/01/2010	20/12/1988	Active	NO
2	U51420MH2000PTC124938	DHANIDEVI PROCESSORS PRIVATE LIMITED	Director	21/03/2012	15/03/2000	Active	NO
3	U67120MH2008PTC189199	LOHA INVESTMENTS PRIVATE LIMITED	Director	29/12/2008	29/12/2008	Active	NO
4	U51909DL2010PLC209452	LOHA COMMODITIES TRADING LIMITED	Director	18/10/2010	18/10/2010	Active	NO
5	U93030MH2012PTC226150	PODDAR FININ CONSULTANCY PRIVATE LIMITED	Director	17/01/2012	17/01/2012	Active	NO
6	U93000MH2012PTC226125	PODDAR ADVANTAGE ADVISORS PRIVATE LIMITED	Director	17/01/2012	17/01/2012	Active	NO
7	U74999MH2012PLC228892	LOHA POWER AND INFRASTRUCTURE LIMITED	Director	29/03/2012	29/03/2012	Active	NO

Name :

Mr. Manish Garg

Designation :

Directors

Address :

Flat No.402, Plot No.81, City Jewel Housing Society, Sect – 18, Kopar Khairne, Kopar Khairne – 410206, Maharashtra, India

Date of Birth :

24.05.2002

Qualification :

Post Graduate

E mail :

maneeshgarg@live.com

manishgarg75@gmail.com

Date of Appointment :

24.05.2002

Din No.:

00096154

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Company/ LLP Status	Defaulting status
1	U27200MH1988PLC050107	LOHA ISPAAT LIMITED	Director	24/05/2002	24/05/2002	Active	NO
2	U51420MH2000PTC124938	DHANIDEVI PROCESSORS PRIVATE LIMITED	Director	01/07/2010	01/07/2010	Active	NO
3	U67120MH2008PTC189199	LOHA INVESTMENTS PRIVATE LIMITED	Director	22/09/2010	01/07/2010	Active	NO
4	U51909DL2010PLC209452	LOHA COMMODITIES TRADING LIMITED	Director	18/10/2010	18/10/2010	Active	NO
5	U93000MH2012PTC226125	PODDAR ADVANTAGE ADVISORS PRIVATE LIMITED	Director	17/01/2012	17/01/2012	Active	NO
6	U74999MH2012PLC228892	LOHA POWER AND INFRASTRUCTURE LIMITED	Director	29/03/2012	29/03/2012	Active	NO

Name :

Mrs. Anju Poddar

Designation :

Director

Address :

52, Gautam Apartment, 31, Juhu Road, Santacruz (West), Mumbai – 400054, Maharashtra, India

Date of Birth :

14.12.1968

Qualification :

Post Graduate

Date of Appointment :

05.03.1991

Voter ID No.:

ROL2608859

Din No.:

00065068

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	U27200MH1988PLC050107	LOHA ISPAAT LIMITED	Director	05/03/1991	05/03/1991	-	Active	NO
2	U51420MH2000PTC124938	DHANIDEVI PROCESSORS PRIVATE LIMITED	Director	15/03/2000	15/03/2000	01/07/2010	Active	NO
3	U67120MH2008PTC189199	LOHA INVESTMENTS PRIVATE LIMITED	Director	29/12/2008	29/12/2008	01/07/2010	Active	NO

Name :

Mr. Sanjay Bansal

Designation :

Whole Time Director

Address :

J-206, Haware Apartments, Sector – 9, Khanda Colony, New Panvel – 410206, Maharashtra, India

Date of Birth :

15.06.1983

Qualification :

Post Graduate

Date of Appointment :

01.08.2009

E Mail :

bansalsanjay@live.com

Din No.:

00064532

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Company/ LLP Status	Defaulting status
1	U27200MH1988PLC050107	LOHA ISPAAT LIMITED	Whole-time director	01/08/2009	15/03/2004	Active	NO
2	U51909DL2010PLC209452	LOHA COMMODITIES TRADING LIMITED	Director	18/10/2010	18/10/2010	Active	NO
3	U93030MH2012PTC226150	PODDAR FININ CONSULTANCY PRIVATE LIMITED	Director	17/01/2012	17/01/2012	Active	NO
4	U74999MH2012PLC228892	LOHA POWER AND INFRASTRUCTURE LIMITED	Director	29/03/2012	29/03/2012	Active	NO

Name :

Mr. Biswanath Chakraborty

Designation :

Director (Technical and Projects)

Address :

43, Purbachal North, Kalitala Link Road, Kolkata – 700078, West Bengal, India

Date of Birth :

01.01.1956

Date of Appointment :

12.07.2012

DIN No.:

05325864

KEY EXECUTIVES

Name :	Mr. Adhikrao Bhosale
E mail :	ab.lohaispaat@gmail.com
Name :	Mr. Pratik Singh
E mail :	pratiksingh@live.com
Name :	Mr. Diren Singh
Designation :	Accounts Manager
Name :	Mr. Hitesh Jain
Designation :	Sales Coordinator
Name :	Mr. Hardik Shah
Designation :	Export
Name :	Mr. Rishi Vyas
Designation :	Vice President in Finance
Name :	Ms. Shobhana Vasant Sinkar
Designation :	Company Secretary
Address :	208, Tara Apatment, Bhoir Pada, Jivadani Road, Behind Om Smruti CHS., Virar (East), Thane – 401303, Maharashtra, India
Date of Birth :	14.05.1970
Date of Appointment :	03.08.2009
PAN No.:	BCNPS1732H

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

(AS ON 06.08.2012)

Name of Shareholders (Equity Shares )	Number of Shares
Rajesh Poddar	49583587
Ayush Poddar	24524
Anushka Poddar	1017551
Manish Garg	67007
Dhanidevi Processors Private Limited, India	10896354
Rajesh Poddar HUF	5035833
Gaurishankar Poddar	134
Loha Investments Private Limited, India	39940
Poddar Advantage Advisors Private Limited, India	2359375
Poddar Finin Consultancy Private Limited, India	1734375
Total	70758680
Name of Shareholders (Preference Shares)	No. of Shares
Rajesh Poddar	1881000
Anushka Poddar	119000
Total	2000000

Equity Share Break up (Percentage of Total Equity)

(AS ON 30.09.2012)

Category	Percentage
Bodies Corporate	17.75
Directors or relatives of directors	82.25
	100
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturers of Hot Rolled Coils and Cold Rolled Coils and Sheets.

Products :

Products Description	Item code No.
Basic Iron and Steel Manufacturing services	9988

· H. R. Coils and C. R. Coils

· Hot rolled black coil/ sheets.

· Hot rolled pickled – oiled  coil/ sheets

· Hot rolled skin pass coil and sheets.

· Cold rolled closed annealed coils/sheets.

· Galvanised plain coils and sheets / galvanised corrugated sheets

· Tin plate coils/sheets.

· Cold rolled grain oriented and non grain oriented coil / sheets.

· Hot rolled structural, chequered, high tensile, boiler and pressure vessel quality plates.

· Structural (angles, channels, beams/joists etc.)

· bars, rods, rebars and wire rods

PRODUCTION STATUS AS ON 31.03.2011

Particulars	Unit	Installed Capacity
Hot Rolled Coils / Cold Rolled Coils	MT	900000

GENERAL INFORMATION

No. of Employees :

800 (Approximately)

Bankers :

· State Bank of India,

Commercial Branch, Dadar, Mumbai-400014, Maharashtra, India

· Kotak Mahindra Bank Limited,

36-38A, Nariman Bhavan, 227 – D, Nariman Point, Mumbai – 400021, Maharashtra, India

· HDFC Bank Limited

· Federal Bank, Fort Branch

Mumbai, Maharashtra, India

· Bank of India, Fort Branch

Mumbai, Maharashtra, India

· Punjab National Bank

Fort Branch, Mumbai, Maharashtra, India

· Karur Vysya Bank

Central Loan Processing Cell, Kamanwala Chambers, Sir P M Road, Fort, Mumbai - 400001, Maharashtra, India

· Andhra Bank

Fort Branch, Mumbai, Maharashtra, India

· Bank of Maharashtra

· State Bank of Travancore

Mumbai Main Branch, N M Wadia Building, 125, M G Road, Mumbai - 400023, Maharashtra, India

Facilities :

Secured Loans	31.03.2011	31.03.2010
	(Rs. in Millions)
Working Capital Loans from Banks	3223.008	2478.807
Loans taken for Vehicles	20.283	31.480
Other Debts Secured	61.013	98.803
Total	3304.304	2609.090

Banking Relations :

--

Financial Institution:

· State Bank of India Factors and Commercial Services Private Limited

Sahakar Bazar Building, 2^nd Floor, Bandra (West), Mumbai-400050, Maharashtra, India

· SBICAP Trustee Company Limited,

202 Maker Tower, E Cuffe Parade, Colaba, Mumbai 400005, Maharashtra, India

Auditors :

Name :

A John Moris and Company

Chartered Accountants

Address :

9, Sahana Uttam Co Oprative HSG Society, St. Anthony Road, Chambur, Mumbai-400071, Maharashtra, India

PAN No:

AABFA3006F

Subsidiary :

· Loha Ispaat Middle East FZCO, UAE

· Loha Ispaat Hong Kong Limited, Hong Kong

Other Related Parties :

· Loha Trading and Commodities limited

· Loha Investments Private Limited

· Dhanidevi Processors Private Limited

CAPITAL STRUCTURE

AS ON 06.08.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
73000000	Equity Shares	Rs.10/- each	Rs. 730.000 millions
2000000	Preferences Shares	Rs.10 /- each	Rs. 20.000 Millions
	Total		Rs. 750.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
70758680	Equity Shares	Rs. 10/- each	Rs.707.587 millions
2000000	Preferences Shares	Rs. 10 /- each	Rs. 20.000 Millions
	Total		Rs. 727.587 Millions

AS ON 19.07.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
73000000	Equity Shares	Rs.10/- each	Rs. 730.000 millions
2000000	8% Redeemable Preferences Shares	Rs.10 /- each	Rs. 20.000 Millions
	Total		Rs. 750.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
66664930	Equity Shares	Rs. 10/- each	Rs. 666.649 millions
2000000	8% Redeemable Preferences Shares	Rs. 10 /- each	Rs. 20.000 Millions
	Total		Rs. 686.649 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011	31.03.2010	31.03.2009
SHAREHOLDERS FUNDS
1] Share Capital		686.649	653.311	637.587
2] Share Application Money		0.000	150.000	174.810
3] Reserves & Surplus		2652.466	1711.806	483.433
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		3339.115	2515.117	1295.830
LOAN FUNDS
1] Secured Loans		3304.304	2609.090	1504.584
2] Unsecured Loans		136.805	0.000	221.444
TOTAL BORROWING		3441.109	2609.090	1726.028
DEFERRED TAX LIABILITIES		207.320	131.938	39.873
TOTAL		6987.544	5256.145	3061.731
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1243.308	1213.057	516.545
Capital work-in-progress		57.620	10.106	28.454
INVESTMENT		13.456	11.396	0.000
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	5067.767	3161.589	1737.214
	Sundry Debtors	3812.233	2095.072	1926.879
	Cash & Bank Balances	214.917	163.629	270.605
	Other Current Assets	504.186	120.686	76.167
	Loans & Advances	10.789	348.687	191.322
Total Current Assets		9609.892	5889.663	4202.187
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	3558.695	1595.049	1531.986
	Other Current Liabilities	0.000	0.000	0.000
	Provisions	378.661	273.092	153.469
Total Current Liabilities		3937.356	1868.141	1685.455
Net Current Assets		5672.536	4021.522	2516.732
MISCELLANEOUS EXPENSES		0.624	0.064	0.000
TOTAL		6987.544	5256.145	3061.731

NOTE: Balance sheet for the year 2012 is not available only Profit and Loss A/c is available.

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012
	SALES
		Revenue from Operations	29095.641
		Other Income	6.069
		TOTAL (A)	29101.710
Less	EXPENSES
		Cost of Materials Consumed	26659.459
		Changes in inventories of finished goods, work-in-progress and stock-in-trade	(7.797)
		Employee benefit expense	78.205
		Other expenses	682.525
		TOTAL (B)	27412.392
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		1689.318
Less	FINANCIAL EXPENSES (D)		968.540
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		720.778
Less/ Add	DEPRECIATION/ AMORTISATION (F)		67.827
	PROFIT BEFORE TAX (E-F) (G)		652.951
Less	TAX (H)		233.137
	PROFIT AFTER TAX (G-H) (I)		419.814
	Earnings Per Share (Rs.)		5.93

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income for Operations	20835.788	15220.782	9439.101
		Other Income	21.035	16.790	5.728
		TOTAL (A)	20856.823	15237.572	9444.829
Less	EXPENSES
		Material Consumed	19084.324	14015.163	8767.086
		Manufacturing Service Cost	246.514	67.115	39.788
		Employees Costs	54.660	32.321	20.920
		Administrative and Others Expenses	145.007	59.002	34.817
		TOTAL (B)	19530.505	14173.601	8862.611
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		1326.318	1063.971	582.218
Less	FINANCIAL EXPENSES (D)		520.083	354.959	227.187
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		806.235	709.012	355.031
Less/ Add	DEPRECIATION/ AMORTISATION (F)		59.541	38.389	10.417
	PROFIT BEFORE TAX (E-F) (G)		746.694	670.623	344.614
Less	TAX (H)		224.209	210.864	115.257
	PROFIT AFTER TAX (G-H) (I)		522.485	459.759	229.357
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		687.057	231.170	155.685
Less	APPROPRIATIONS
		Transfer to General Reserve	NA	2.000	2.000
		Proposed Dividend on Preference Shares	NA	1.872	1.872
		Issue of Bonus Shares	NA	0.000	150.000
	BALANCE CARRIED TO THE B/S		NA	687.057	231.170
	EARNINGS IN FOREIGN CURRENCY		113.600	NA	NA
	Earnings Per Share (Rs.)		7.83	7.26	3.71

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	1.44	2.50	3.02	2.43
Net Profit Margin (PBT/Sales)	(%)	2.24	3.58	4.41	3.65
Return on Total Assets (PBT/Total Assets}	(%)	NA	6.87	9.44	7.30
Return on Investment (ROI) (PBT/Networth)		NA	0.22	0.27	0.28
Debt Equity Ratio (Total Debt/Networth)		NA	1.03	1.04	1.33
Current Ratio (Current Asset/Current Liability)		NA	2.44	3.15	2.49

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	Yes
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	Yes
9]	Name of person contacted	No
10]	Designation of contact person	No
11]	Turnover of firm for last four years	Yes
12]	Profitability for last four years	Yes
13]	Reasons for variation <> 20%	--
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	No
20]	Export / Import details (if applicable)	No
21]	Market information	--
22]	Litigations that the firm / promoter involved in	--
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	--
26]	Buyer visit details	--
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	No
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

UNSECURED LOANS

Particulars	31.03.2011	31.03.2010
	(Rs. in Millions)
Other Debts Unsecured	136.805	0.000
Total	136.805	0.000

NOTE:

The Registered Address of the company has been shifted from 2, Ganesh Kunj, 1^st Floor, JVPD Scheme, V.M. Road, Next To Juhu Police Station, Juhu, Mumbai – 400049, Maharashtra, India to the present address w.e.f. 02.05.2012

FINANCIAL RESULTS: (AS ON 31.03.2011)

The Company continued the same activity as in past of processing of HR/CR/GP coils/strips/ plates and during the year Company has achieved turnover of Rs.20835.800 millions as compared to Rs.15220.800 millions in previous year by making 36.89% growth.

form 8:-

Corporate identity number of the company

U27200MH1988PLC050107

Name of the company

LOHA ISPAAT LIMITED

Address of the registered office or of the principal place of business in India of the company

9^th Floor, Naman Centre, C 31, Bandra Kurla Complex, Bandra (East), Mumbai 400051, Maharashtra, India

E-mail: shobhana.sinkar@lohaispaat.com

This form is for

Modification of charge

Charge identification (ID) number of the charge to be modified

10283657

Type of charge

· Immovable property

· Book debts

· Movable property (not being pledge)

· Others (Other current assets, receivables etc)

Particular of charge holder

SBICAP Trustee Company Limited, 202 Maker Tower, E Cuffe Parade, Colaba, Mumbai 400005, Maharashtra, India

Email: corporate@sbicaptrustee.com

Nature of instrument creating charge

Indenture of Mortgage for Extending the Charge on Account of increase in Aggregate Limits of the Facilities from Rs. 5100.000 Millions to Rs. 8600.000 Millions, executed by the Company on 2nd March 2012 to create charge over its immovable properties, Flats at Santacruz and Andheri, Other movable assets, etc (more particularly described in the attached Indenture) to secure repayment of financial assistance granted by various lenders.

Name of Lenders	Amount of Working
	Capital Facilities availed (Rs. In Millions)
State Bank of India	2600.000
The Federal Bank Limited	900.000
Bank of India	1000.000
Bank of Maharashtra	100.000
Punjab National Bank	300.000
The Karur Vysya Bank Limited	500.000
Andhra Bank	500.000
ICICI Bank Limited	990.000
State Bank of Travancore	500.000
Indian Overseas Bank	500.000
Canara Bank	500.000
The City Union Bank Limited	210.000
Total	8600.000

Date of instrument Creating the charge

02.03.2012

Amount secured by the charge

Rs. 8600.000 millions

Brief of the principal terms and conditions and extent and operation of the charge

Rate of interest

As per the first supplementary working capital consortium agreement

Terms of repayment

As agreed between the lenders and borrowers

Margin

As per respective lenders terms

Extent and operation of the charge

The charge extends to the immovable properties, flats and other movable assets which are expressly permitted under the Finance Documents and Security Documents and as are disclosed to the Lenders and the Security Trustee.

Short particulars of the property charged (Including location of the property)

First Pari Passu charge on entire stocks, book debts/receivables and all current assets of the Borrower, both present and future.

First Pari Passu mortgage/charge on a) Land and building at E -19, MIDC Taloja, Dist.- Raigad, Maharashtra admeasuring about 2400 sq mtrs, b) Land and Building at A - 69, MIDC, Taloja, Districts Raigad

Maharashtra admeasuring about 880 sq mtrs, c) Land and Building at A - 79, MIDC, Taloja, Dist Raigad, Maharashtra admeasuring about 1000 sq mtrs., d) Land at Plot E-6/1, MIDC Taloja, Districts - Raigad

Maharashtra admeasuring about 990 sq mtrs. , e) Land and building at Ransai, Taluka Khalapur, Districts Raigad, Maharashtra admeasuring about 76039.37 sq mtrs.

f) Mortgage of residential flat at E-202, Versova Sameer Co-operative Housing Society, 7 Bungalow, Off J P Road, Behind Avinath Bldg. Versova, Andheri (West), Mumbai -58 belonging to Mrs. Anju Poddar

g) Mortgage of residential flat No.3, Ground Floor, Santacruz Premsagar Co-operative Housing Society, Plot No.21, 17th Road., Santacruz (West), Mumbai - 400 054 belonging to Mr. Manish Garg.

h) Charge on all Plant and Machinery and other moveable fixed assets, both present and future, wherever situated(except vehicles) subject to prior charge in favour of Term Lenders on Project Assets to secure TL Fac.

i) Charge/right of Lien-set-off vis-a-vis FDs (2 Nos.) in the name of the Company (original Value Rs.3.000 millions and Rs.5.000 millions respectively)

j) second pari-passu charge on all future project assets including but not limited to PLM, machinery spares, tools, accessories and other assets to be financed out of the proposed TL.

Date of instrument modifying the charge

06.04.2011

Particulars of the present modification

The earlier charge created on properties at MIDC, Taloja, movable properties, flats, etc for securing Rs. 5100 millions from the lenders, is further extended to additional financial assistance of Rs. 3500 millions from the lenders thereby increasing the charge upto Rs. 8600 millions by executing Indenture of Mortgage on 2nd March 2012 by the Company in favour of SBICAP Trustee Company Limited

Fixed Assets

· Furniture and Fixture

· Plant and Machinery

· Building

· Land Leasehold

· Land Freehold

· Vehicles

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

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

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

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

Charges or investigation registered against subject: None

7] Criminal Records

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

8] Affiliation with Government :

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

9] Compensation Package :

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

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

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

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

CONTRAVENTION

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

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.54.48
UK Pound	1	Rs.82.72
Euro	1	Rs.71.27

INFORMATION DETAILS

Report Prepared by :

NIT

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	6
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	7
--CREDIT LINES	1~10	5
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		51

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.