MIRA INFORM REPORT

Report Date :

07.05.2013

IDENTIFICATION DETAILS

Name :	AMITASHA ENTERPRISES PRIVATE LIMITED
Registered Office :	101, Dharmapeth Extension, Shivaji Nagar, Nagpur – 440 010, Maharashtra
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	12.04.1993
Com. Reg. No.:	11-071552
Capital Investment / Paid-up Capital :	Rs.42.000 millions
CIN No.: [Company Identification No.]	U27200MH1993PTC071552
TAN No.: [Tax Deduction & Collection Account No.]	NGPA00529E
PAN No.: [Permanent Account No.]	AABCA4423B
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturing and Providers of Turnkey Solutions in the field of High Voltage Transmission Line Tower, Telecommunication Towers and Custom Built Steel Structures.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (47)

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

Maximum Credit Limit :	USD 2140000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having a satisfactory track record. There appears slight dip in profitability during 2011-2012. However, general financial position is good. Trade relations are reported to be fair. Business is active. Payments are reported to be usually correct and as per commitment. The company can be considered 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	CRISIL
Rating	Cash Credit: BB+
Rating Explanation	Having moderate risk of default regarding timely servicing of financial obligation.
Date	January, 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.

LOCATIONS

Registered Office :	101, Dharmapeth Extension, Shivaji Nagar, Nagpur – 440 010, Maharashtra, India
Tel. No.:	91-7104-235536/ 236198/ 235207
Fax No.:	91-7104-235208 91-712-2248288
E-Mail :	shilpa@amitasha.com
Website :	http://www.amitasha.com
Factory :	36, Village Nildoh, Hingna Road, Nagpur – 440 016, Maharashtra, India
Tel. No.:	91-7104-236198/ 235536
Fax No.:	91-7104-235208
E-Mail :	aepl@amitasha.com

DIRECTORS

As on 28.09.2012

Name :

Mr. Rajendra Mohan Singh

Designation :

Managing Director

Address :

101, Shivaji Nagar, Nagpur – 440 010, Maharashtra, India

Date of Birth/Age :

21.03.1961

Date of Appointment :

01.04.2008

DIN No.:

01538980

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	U29290MH1983PTC029484	SUNRISE STEEL INDUSTRIES PRIVATE LIMITED	Director	16/03/1983	16/03/1983	-	Active	NO
2	U27200MH1999PTC120088	ANSHIKA FASTENERS PRIVATE LIMITED	Director	28/05/1999	28/05/1999	-	Active	NO
3	U27200MH1993PTC071552	AMITASHA ENTERPRISES PRIVATE LIMITED	Managing director	01/04/2008	04/12/1999	-	Active	NO
4	U51109MH2010PTC200353	HARNEET TRADELINK PRIVATE LIMITED	Director	23/02/2010	23/02/2010	-	Active	NO
5	U24117WB1983PTC036426	ALEX POLYMERS PRIVATE LIMITED	Director	02/03/2010	02/03/2010	-	Active	NO
6	U51909WB2007PTC119097	NIRAJ VINIMAY PRIVATE LIMITED	Director	17/05/2010	17/05/2010	-	Active	NO

Name :

Mrs. Harneet Rajendra Singh

Designation :

Director

Address :

101, Shivaji Nagar,, Dharampeth Extension, Nagpur – 440 010, Maharashtra, India

Date of Birth/Age :

18.11.1965

Date of Appointment :

12.04.1993

DIN No.:

00225386

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	U27200MH1993PTC071552	AMITASHA ENTERPRISES PRIVATE LIMITED	Director	12/04/1993	12/04/1993	-	Active	NO
2	U51109MH2010PTC200353	HARNEET TRADELINK PRIVATE LIMITED	Director	23/02/2010	23/02/2010	-	Active	NO

Name :

Mr. Jagjot Singh Anand

Designation :

Director

Address :

G-14, Sector-39, Noida – 201 301, Uttar Pradesh, India

Date of Birth/Age :

26.10.1964

Date of Appointment :

01.04.2008

DIN No.:

00588056

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	U55202DL2004PTC125432	ABG CATERING SERVICES PRIVATE LIMITED	Director	15/01/2005	15/01/2005	31/01/2012	Active	NO
2	U74899DL2005PTC141067	PRECISION EQUITY PARTNERS PRIVATE LIMITED	Director	22/09/2005	22/09/2005	03/03/2008	Active	NO
3	U11201DL2005PTC142975	EN QUEST PROJECTS PRIVATE LIMITED	Additional director	22/08/2006	22/08/2006	-	Active	NO
4	U23201DL2005FTC141975	ENSEARCH PETROLEUM PRIVATE LIMITED	Director	03/03/2008	22/08/2006	-	Active	NO
5	U11102MH2006PTC159351	FLAT EARTH OIL AND GAS PRIVATE LIMITED	Director	24/08/2006	24/08/2006	28/09/2007	Active	YES
6	U11200MH2006PTC160232	FLAT OCEAN RESOURCES PRIVATE LIMITED	Director	28/08/2006	28/08/2006	25/08/2007	Active	NO
7	U23200MH2006PTC159354	BLUE OCEAN OIL AND GAS PRIVATE LIMITED	Director	29/08/2006	29/08/2006	25/08/2007	Active	YES
8	U65929DL1997PTC086138	ULIKE INFINLEASE PRIVATE LIMITED	Director	29/09/2007	20/03/2007	-	Active	NO
9	U27200MH1993PTC071552	AMITASHA ENTERPRISES PRIVATE LIMITED	Director	01/04/2008	01/04/2008	-	Active	NO
10	U11101DL2009PTC190928	GRH OIL AND GAS PRIVATE LIMITED	Director	04/06/2009	04/06/2009	-	Active	NO
11	U11100DL2009PTC193631	GRH HOLDINGS PRIVATE LIMITED	Director	27/08/2009	27/08/2009	-	Active	NO
12	U14200DL2010PTC197845	TERRAQUEST GEOPHYSICAL SERVICES PRIVATE LIMITED	Director	11/01/2010	11/01/2010	-	Active	NO
13	U11200DL2010PTC210649	ENQUEST DRILLING PRIVATE LIMITED	Director	22/11/2010	22/11/2010	-	Active	NO
14	U74996DL2006PTC153202	ENQUEST OFFSHORE PRIVATE LIMITED	Director	04/06/2011	16/01/2011	-	Active	NO
15	U55101DL2011PTC225231	BLAZE HOSPITALITY PRIVATE LIMITED	Director	20/09/2011	20/09/2011	-	Strike off	NO

Name :

Mr. Tapankumar Ramanimohan Datta

Designation :

Director

Address :

Lokseva Nagar, Bhamti, Nagpur – 440 022, Maharashtra, India

Date of Birth/Age :

05.01.1946

Date of Appointment :

01.01.2007

DIN No.:

01297147

Name :

Mrs. Vimla Surendramohan Singh

Designation :

Director

Address :

F/No.101, Yesh Complex, Telankedi Layout, Near SBI, Ati Road, Nagpur – 440 033, Maharashtra, India

Date of Birth/Age :

26.10.1941

Date of Appointment :

17.04.1993

DIN No.:

02170720

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	U29290MH1983PTC029484	SUNRISE STEEL INDUSTRIES PRIVATE LIMITED	Director	16/03/1983	16/03/1983	-	Active	NO
2	U27200MH1993PTC071552	AMITASHA ENTERPRISES PRIVATE LIMITED	Director	17/04/1993	17/04/1993	-	Active	NO
3	U27200MH1999PTC120088	ANSHIKA FASTENERS PRIVATE LIMITED	Director	28/05/1999	28/05/1999	-	Active	NO
4	U51109MH2010PTC200860	VIMLA TRADELINK PRIVATE LIMITED	Director	13/03/2010	13/03/2010	-	Active	NO

Name :

Mr. Yogendra Mohan Singh

Designation :

Director

Address :

101, Dharampeth, Nagpur – 440 010, Maharashtra, India

Date of Birth/Age :

30.08.1963

Date of Appointment :

12.04.1993

DIN No.:

02361791

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	U29290MH1983PTC029484	SUNRISE STEEL INDUSTRIES PRIVATE LIMITED	Director	30/05/1988	30/05/1988	-	Active	NO
2	U27200MH1993PTC071552	AMITASHA ENTERPRISES PRIVATE LIMITED	Director	12/04/1993	12/04/1993	-	Active	NO
3	U27200MH1999PTC120088	ANSHIKA FASTENERS PRIVATE LIMITED	Director	28/05/1999	28/05/1999	-	Active	NO
4	U74900MH2010PTC200011	MANUJ ENTERPRISES PRIVATE LIMITED	Director	11/02/2010	11/02/2010	-	Active	NO
5	U24117WB1983PTC036426	ALEX POLYMERS PRIVATE LIMITED	Director	02/03/2010	02/03/2010	-	Active	NO
6	U51909WB2007PTC119097	NIRAJ VINIMAY PRIVATE LIMITED	Director	17/05/2010	17/05/2010	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 28.09.2012

Names of Shareholders	No. of Shares
Vimla Surendramohan Singh	842778
S. M. Singh (HUF)	490762
Rajendra Mohan Singh	833064
R. M. Singh (HUF)	455762
Harneet Rajendra Singh	44402
Yogendra Mohan Singh	833064
Y. M. Singh (HUF)	455762
Renu Yogendra Singh	44402
Sunrise Steel Industries Private Limited, India	200004
Total	4200000

As on 28.09.2012

Equity Share Breakup	Percentage of Holding
Category
Bodies corporate	4.76
Directors or relatives of directors	95.24
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturing and Providers of Turnkey Solutions in the field of High Voltage Transmission Line Tower, Telecommunication Towers and Custom Built Steel Structures.
Products :	· Transmission Line Tower and Parts · Substation Structure By Product · Steel Waste and Scrap · Zinc Ash and Dross

PRODUCTION STATUS (AS ON 31.03.2011)

Particulars	Unit	Licensed Capacity	Installed Capacity	Actual Production
Finished [Mfg]	MT			30114.48
Scrap Steel	MT			1507.925***
*** Includes 186.911 MT generated from Jobwork Production.

Particulars	Unit	Installed Capacity	Actual Production
Galvanised Transmission Line Towers
a. Production with Own Raw Material	MT	42000	30114.48
b. Production with Client’s Raw Material	MT	42000	6327.99
Note: The Company does not require obtaining capacity license for its product.

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

• Punjab National Bank, MIDC Hingna Road Branch, Hingna Road, Nagpur – 440 012, Maharashtra, India
• State Bank of India
• HDFC Bank Limited
• ICICI Bank Limited
• IDBI Bank Limited, Specialised Corporate Branch, 3^rd Floor, Gupta Tower, Temple Road, Civil Lines,, Nagpur – 440 001, Maharashtra, India

Facilities :

Secured Loans	31.03.2012 (Rs. in Millions)	31.03.2011 (Rs. in Millions)
LONG-TERM BORROWINGS
Rupee term loans from banks	3.563	11.848
SHORT-TERM BORROWINGS
Working capital loans from banks (SBI IFB – Cash Credit Account)	431.032	331.048
Total	434.595	342.896

Banking Relations :	--
Auditors :
Name :	Dhoot Bagadia and Company Chartered Accountants
Address :	Saraswat Bank Building, Gandhibagh, Nagpur, Maharashtra, India
PAN No.:	AAAFD7387D
Associates :	Anshika Investments Anshika Fasteners Private Limited Sunrise Steel Industries Sai Servo Station S. M. Singh and Company Enquest Drilling Private Limited

CAPITAL STRUCTURE

As on 28.09.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
5000000	Equity Shares	Rs.10/- each	Rs.50.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
4200000	Equity Shares	Rs.10/- each	Rs.42.000 millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2012	31.03.2011	31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		42.000	42.000	42.000
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		492.959	475.197	450.119
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		534.959	517.197	492.119
LOAN FUNDS
1] Secured Loans		434.595	342.896	128.375
2] Unsecured Loans		31.154	12.578	6.168
TOTAL BORROWING		465.749	355.474	134.543
DEFERRED TAX LIABILITIES		11.050	9.235	8.508
TOTAL		1011.758	881.906	635.170
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		153.614	152.466	142.366
Capital work-in-progress		21.620	4.188	0.000
INVESTMENT		10.050	20.010	6.500
DEFERRED TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	511.487	247.933	314.122
	Sundry Debtors	592.861	566.373	456.375
	Cash & Bank Balances	45.908	35.568	32.692
	Other Current Assets	0.000	0.000	32.496
	Loans & Advances	166.891	143.405	131.270
Total Current Assets		1317.147	993.279	966.955
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	463.891	215.104	351.845
	Other Current Liabilities	2.541	1.828	28.913
	Provisions	24.276	71.175	100.026
Total Current Liabilities		490.708	288.107	480.784
Net Current Assets		826.439	705.172	486.171
MISCELLANEOUS EXPENSES		0.035	0.070	0.133
TOTAL		1011.758	881.906	635.170

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income	2173.362	1830.946	1755.972
		Other Income	NA	30.740	28.756
		TOTAL	NA	1861.686	1784.728
Less	TOTAL EXPENSES		NA	1758.386	1543.506
	PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		54.063	103.300	241.222
Less/ Add	DEPRECIATION/ AMORTISATION		23.399	21.467	19.348
	PROFIT / (LOSS) BEFORE TAX		30.664	81.833	221.874
Less	TAX		12.902	32.187	74.177
	PROFIT / (LOSS) AFTER TAX		17.762	49.646	147.697
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		--	--	--
Less	APPROPRIATIONS
		Proposed Dividend	0.000	21.000	21.000
		Tax on Dividend	0.000	3.568	3.568
	BALANCE CARRIED TO THE B/S		17.762	25.078	NA
	EARNINGS IN FOREIGN CURRENCY		25.301	4.721	Nil
	Earnings/ (Loss) Per Share (Rs.)		4.23	11.82	35.14

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	NA	2.67	8.28
Net Profit Margin (PBT/Sales)	(%)	1.41	4.47	12.64
Return on Total Assets (PBT/Total Assets}	(%)	2.08	7.14	20.00
Return on Investment (ROI) (PBT/Networth)		0.06	0.16	0.45
Debt Equity Ratio (Total Debt/Networth)		0.87	0.69	0.27
Current Ratio (Current Asset/Current Liability)		2.68	3.45	2.01

LOCAL AGENCY FURTHER INFORMATION

Check List by Info Agents	Available in Report (Yes / No)
1) Year of Establishment	Yes
2) Locality of the firm	Yes
3) Constitutions of the firm	Yes
4) Premises details	No
5) Type of Business	Yes
6) Line of Business	Yes
7) Promoter’s background	Yes
8) No. of employees	No
9) Name of person contacted	No
10) Designation of contact person	No
11) Turnover of firm for last three years	Yes
12) Profitability for last three years	Yes
13) Reasons for variation <> 20%	--
14) Estimation for coming financial year	No
15) Capital in the business	Yes
16) Details of sister concerns	Yes
17) Major suppliers	No
18) Major customers	No
19) Payments terms	No
20) Export / Import details (if applicable)	No
21) Market information	--
22) Litigations that the firm / promoter involved in	--
23) Banking Details	Yes
24) Banking facility details	Yes
25) Conduct of the banking account	--
26) Buyer visit details	--
27) Financials, if provided	Yes
28) Incorporation details, if applicable	Yes
29) Last accounts filed at ROC	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 Loans	31.03.2012 (Rs. in Millions)	31.03.2011 (Rs. in Millions)
LONG-TERM BORROWINGS
Deferred payment Indian Sources	5.295	6.082
Loans and advances from directors	8.390	6.496
Loans and advances from others	4.000	0.000
SHORT-TERM BORROWINGS
Other loans and advances	13.469	0.000
Total	31.154	12.578

Bankers Charges Report as per Registry

Corporate identity number of the company	U27200MH1993PTC071552
Name of the company	AMITASHA ENTERPRISES PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	101, Dharmapeth Extension, Shivaji Nagar, Nagpur – 440 010, Maharashtra, India E-Mail: shilpa@amitasha.com
This form is for	Creation of charge
Type of charge	Movable Property (not being pledge) Others (Stocks of raw material, semi-finished goods, etc.)
Particular of charge holder	IDBI Bank Limited, Specialised Corporate Branch, 3^rd Floor, Gupta Tower, Temple Road, Civil Lines,, Nagpur – 440 001, Maharashtra, India E-Mail: haranadha.babu@idbi.co.in
Nature of description of the instrument creating or modifying the charge	Deed of Hypothecation
Date of instrument Creating the charge	17.01.2013
Amount secured by the charge	Rs.106.000 millions
Brief particulars of the principal terms a conditions and extent and operation of the charge	Rate of Interest: BG Commission: 1% Plus other charges Terms of Repayment: Project Specific BG facility. Original BGs to be returned on due dates from the beneficiary. Margin: 20% on Bank Guarantee Facility Extent and Operation of the charge: At the request of the borrower of the company the bank has sanctioned Bank Guarantee of Rs.1060.00 Lacs against first charge of entire project specific current assets including stocks of raw materials, semi-finished and finished goods, consumable stores, stores and debtors other movables and second charge on whole of the movable properties of the Company including movable plant and machineries, machinery spares, tools and accessories both present and future.
Short particulars of the property charged	First charge of entire project specific stocks of raw materials, semi-finished and finished goods, consumable stores and spares, Book Debts and such other movables Second charge on whole of the movable properties of the Company including movable plant and machineries, mach spares, tools and accessories both present and future

FIXED ASSETS:

· Land

· Building

· Plant and Machinery

· Furniture and Fixtures

· Computer

· Office Equipments

· Vehicles

WEBSITE DETAILS:

INTRODUCTION

Subject was set up in 1993 with a modest plant capacity of 600 MT per month in association with KEC International Limited, India’s premier tower manufacturing company. After a successful association of seven years with KEC, subject has over the past six years established itself into a respectable entity by itself. Since that first order there has been no looking back for subject, which is now confidently associating with major Multi-Nationals for large Power and Telecom projects in India and Abroad.

CURRENT SCENARIO

Set up in the Hingna Road Industrial Area of Nagpur, in the Sate of Maharashtra (India) subject’s plant houses a modern Fabrication Facility rigged with necessary infrastructure including CNC Lines to fabricate high precision steel structures with amazing accuracy and a Galvanizing Plant with a bath size 10 x 0.9 x 1.5 meters with a holding capacity of 100 MT of zinc and a comprehensive production capacity of 24000 MT per annum. In house test laboratory is fully equipped to carry out all the required tests as per Indian, British , American , ISO and other Specification as per client requirements.

With its dedicated resolve to “Deliver as Committed” subject has earned a high reputation in dependability with its clients. For major projects in India, it is now associated with domestic and international power and telecom major such as TATA Projects, ABB Sweden, Siemens Germany , Ericsson India , Tata Tele Services etc. The Customer list for Transmission Line Tower includes Power Utilities and Power Majors from more than 20 countries.

THE CORE TEAM

Late Mr. S.M. Singh

The Founder Managing Director was instrumental in conceiving of subject. His strong business ideas have always provided immense motivation to the team of management and workers of Subject.

Mrs. Vimla Singh, Chairperson

Wife of late Mr. S.M. Singh, Mrs. Vimla Singh had been involved with the construction of the manufacturing facilities and now engaged with the development and expansion activities of the organization.

Mr. Rajendra Singh, Managing Director

A Chemical Technology graduate, he has been actively involved in Commercial Activities, Core Planning, Marketing and Finance. He has been over 25 Years of experience in the field of Tower Manufacturing and Project Implementation and is the main promoter of all group companies.

Mr. Y. M. Singh, Director

A Civil Engineering graduate, he has been involved in managing the production and other development activities of the company. As the Management Representative, he was instrumental in all ISO Development and Certification activities.

Mr. T. K. Datta, Director

He holds the key portofolios Planning, Production and Quality Assurance. He has been associated with the company ever since its inception and its instrumental in the status attained by the company in the field as being a reliable supplier of quality products.

THEIR INFRASTRUCTURE

The Manufacturing Setup

Subject was established in 1993 for manufacturing Transmission line Towers, Substation Structures, Telecommunication Towers and Railway Electrification Structures. Setup at Hingna Road Industrial Area of Nagpur, in the state of Maharashtra (India) subject has a modern manufacturing facility for Fabrication and Galvanizing of towers and parts, In house Test Laboratory is fully equipped to carry out all the required tests as per Indian, British, American, ISO and other specification.

Engineering, Planning and Pre-Production

Subject now undertake projects for Transmission and Telecom Tower and other Steel Structures including Design and Project Engineering and is fully capable to design and develop tower drawing and automatically generate individual shop drawing for fabrication and use on the CNC lines.

In house software planning ensures smooth monitoring and information generation at various stages of operation right from release of planning for production , issue of steel sections and up to the bundling and dispatch operations. This has provide excellent traceability of each finished item back to the raw steel from which it was procured.

Large level area has been demarked from the assembly of prototypes for verification by their engineering department and also by their clients before releasing any new structure for mass production. Structures upto 90M length can be assembled in the horizontal position with all cross arms fitted onto the tower.

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.53.95
UK Pound	1	Rs.84.03
Euro	1	Rs.70.72

INFORMATION DETAILS

Report Prepared by :

SMN

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	6
--CREDIT LINES	1~10	5
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		47

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	-

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