1. Summary Information

		Country	India
Company Name	GIMPEX LIMITED	Principal Name 1	Mr. Samir Goenka
Status	Satisfactory	Principal Name 2	Mr. Shivprakash Goenka
		Registration #	18-006655
Street Address	181, Linghichetty Street, Madras - 600001, Tamilnadu
Established Date	04.07.1974	SIC Code	--
Telephone#	91-44-25340061	Business Style 1	Sourcing
Fax #	91-44-25340435	Business Style 2	Export
Homepage	Not Available	Product Name 1	Barite
# of employees	Not Available	Product Name 2	Iron Ore
Paid up capital	Rs.21,693,000/-	Product Name 3	Coal
Shareholders	Bodies corporate – 28.00% Directors or relatives of Directors - 72.00%	Banking	Punjab National Bank
Public Limited Corp.	NO	Business Period	39 Years
IPO	NO	International Ins.	-
Public Enterprise	NO	Rating	Ba (43)
Related Company
Relation	Country	Company Name	CEO
Associate	India	Cenosphere India Private Limited	--
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2012		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	3,314,604,000	Current Liabilities	953,370,000
Inventories	1,282,216,000	Long-term Liabilities	3,154,540,000
Fixed Assets	504,935,000	Other Liabilities	104,814,000
Deferred Assets	288,285,000	Total Liabilities	4,212,724,000
Invest& other Assets	6,453,000	Retained Earnings	1,162,076,000
		Net Worth	1,183,769,000
Total Assets	5,396,493,000	Total Liab. & Equity	5,396,493,000
Total Assets (Previous Year)	4,221,304,000
P/L Statement as of	31.03.2012		(Unit: Indian Rs.)
Sales	10,264,897,000	Net Profit	222,350,000
Sales(Previous yr)	8,258,239,000	Net Profit(Prev.yr)	162,431,000

MIRA INFORM REPORT

Report Date :

31.10.2013

IDENTIFICATION DETAILS

Name :	GIMPEX LIMITED
Registered Office :	181, Linghichetty Street, Chennai - 600001, Tamilnadu
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	04.07.1974
Com. Reg. No.:	18-006655
Capital Investment / Paid-up Capital :	Rs.21.693 Millions
CIN No.: [Company Identification No.]	U13200TN1974PLC006655
TAN No.: [Tax Deduction & Collection Account No.]	CHEG00257F
PAN No.: [Permanent Account No.]	AAACG2482P
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Sourcing and Export of barite, coal, iron ore, mill scale, clinker and bentonite.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (43)

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

Maximum Credit Limit :	USD 4700000
Status :	Satisfactory
Payment Behaviour :	Slow but correct
Litigation :	Exist
Comments :	Subject is an established company having a satisfactory track record. External borrowing of the company appears to be increasing over a previous year. However, the rating reflects the long-standing experience of promoters for about four decades in the mineral export business the growth in turnover, profit / cash accruals in financial year 2012. Trade relations are fair. Business is active. Payment terms are slow but correct. The company can be considered for business dealing at usual trade terms and conditions.

NOTES :

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

ECGC Country Risk Classification List – March 31^st, 2013

Country Name	Previous Rating (31.12.2012)	Current Rating (31.03.2013)
India	A1	A1

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

INDIAN ECONOMIC OVERVIEW

India’s current account deficit or CAD in April-June widened to 4.9 % of gross domestic product. High imports of gold and oil led to a worsening of the trade deficit, resulting in CAD jumping to $ 21.8 billion to the latest quarter from $ 16.9 billion in the corresponding quarter of the previous financial year. The government aims to bring down CAD to 3.7 % or $ 70 billion, in 2013/14, from 4.8 % or $ 88.2 billion in 2012/13.

The finance ministry has started preparations for Budget 2014/15. With general elections scheduled to be held by May next year, there will only be an interim budget. The new government will present the fiscal Budget.

The Supreme Court has barred clinical trials for new drugs till a monitoring mechanism is put in place to protect the lives of people on which the drugs are tested.

Mumbai has been named the world’s second most honest city according to a survey on 15 cities worldwide by Readers’ Digest magazine. Finnish capital Helsinki bagged the top spot for the world’s most honest city while Lisbon, the capital of Portugal, proved to be the least honest.  The survey put hundreds of people to test in four continents to find out just how honest they were by dropping wallets and seeing how many would be returned.

3.7 % Growth of the core sector in August, a seven month high. This takes the overall growth in April-August this year to 2.3 % compared with 6.3 % in the corresponding period next financial year.

$19 million Estimated average spending by companies across the globe including India, on social media this year, according to a global study by information technology major Tata Consultancy Services. This will rise to $ 24 million in 2015.

Rising inflation, fewer employment avenues and dwindling earnings are taking a toll on the spending capacity in India. Over 72 % respondents from middle and lower middle income families would be forced to slash their Diwali expenditure by 40 % and on average spend nearly 25 % of their monthly salary on Diwali, according to a survey by Assochem.

Analysts believe the shutdown of the US government would have limited impact in sectors such as IT or tourism that are dependent on Visa clearances.

EXTERNAL AGENCY RATING

Rating Agency Name	ICRA
Rating	Fund based facilities : BB+
Rating Explanation	Moderate risk of default and high credit risk.
Date	March 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 :	181, Linghichetty Street, Chennai - 600001, Tamilnadu, India
Tel. No.:	91-44-25340061
Fax No.:	91-44-25340435
E-Mail :	sriram@gimpex.co.in
Corporate Office:	Gimpex House, 282 Linghi Chetty Street, Chennai - 600001, Tamilnadu, India

DIRECTORS

As on 29.09.2012

Name :

Mr. Samir Goenka

Designation :

Managing director

Address :

No. 9, Old No.4, Maharaja Surya Rao Road, Alwarpet, Chennai – 600018, Tamilnadu, India

Date of Birth/Age :

06.10.1964

Date of Appointment :

01.04.2011

DIN No.:

00574955

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	U13200TN1974PLC006655	GIMPEX LIMITED	Managing director	01/04/2011	01/11/1986	-	Active	NO
2	U14299TN1992PLC022467	GIMPEX METAL LIMITED	Director	08/04/1992	08/04/1992	-	Active	NO
3	U52599TN1991PTC020922	SIBELCO INDIA MINERALS PRIVATE LIMITED	Director	22/08/1994	22/08/1994	05/10/2010	Active	NO
4	U70101TN1995PLC034015	GANADHYAKSHYA PROPERTIES LIMITED	Director	29/12/1995	29/12/1995	-	Active	NO
5	U29309TN1998PTC040543	CENOSPHERE INDIA PRIVATE LIMITED	Director	21/05/1998	21/05/1998	-	Active	NO
6	U13209TN1998PTC040815	ALLIANCE MINERALS PRIVATE LIMITED	Director	15/07/1998	15/07/1998	-	Active	NO
7	U45202TN2001PTC047457	GIMPEX PROPERTIES PRIVATE LIMITED	Director	17/07/2001	17/07/2001	-	Active	NO
8	U14102TN1999PTC054392	MERCURY GRANITES PRIVATE LIMITED	Director	10/06/2004	10/06/2004	-	Active	NO
9	U15141TN1986PTC013236	STONE AND SLATES PRIVATE LIMITED	Director	02/07/2004	02/07/2004	-	Amalgamated	NO
10	U13100TN2005PLC057689	ANDHRA PRADESH IRON ORE COMPANY LIMITED	Director	27/09/2005	27/09/2005	-	Active	NO
11	U14102TN2005PTC055688	INDIAN REALSTONES PRIVATE LIMITED	Director	28/07/2006	28/07/2006	-	Amalgamated	NO
12	U14102TN2007PTC063962	ALLIANCE ANDHRA PRADESH BLACK GALAXY GRANITES PRIVATE LIMITED	Director	14/06/2007	14/06/2007	-	Active	NO
13	U14215TN2008PTC069736	GIMPEX AP BARYTES BENEFICIATION PRIVATE LIMITED	Director	03/11/2008	03/11/2008	-	Active	NO
14	U14219WB1999PTC140698	MAA SARALA GRAPHITE PRIVATE LIMITED	Director	02/04/2009	02/04/2009	-	Active	NO
15	U13100AP2009PTC063631	ONGOLE IRON ORE MINING COMPANY PRIVATE LIMITED	Director	11/05/2009	11/05/2009	-	Active	NO
16	U13204TN2011PTC078850	SAMIGO MINERAL PRIVATE LIMITED	Director	17/01/2011	17/01/2011	-	Active	NO
17	U13203GJ2012PTC071156	M3 INFRASTRUCTURE BENTONITE (BHUJ) PRIVATE LIMITED	Director	16/07/2012	16/07/2012	-	Active	NO

Name :

Mr. Shivprakash Goenka

Designation :

Managing director

Address :

No. 9, Old No.4, Maharaja Surya Rao Road, Alwarpet, Chennai – 600018, Tamilnadu, India

Date of Birth/Age :

10.08.1940

Date of Appointment :

01.04.2011

DIN No.:

00574986

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	U13200TN1974PLC006655	GIMPEX LIMITED	Managing director	01/04/2011	04/07/1974	-	Active	NO
2	U14299TN1992PLC022467	GIMPEX METAL LIMITED	Director	08/04/1992	08/04/1992	-	Active	NO
3	U70101TN1995PLC034015	GANADHYAKSHYA PROPERTIES LIMITED	Director	29/12/1995	29/12/1995	-	Active	NO
4	U13209TN1998PTC040815	ALLIANCE MINERALS PRIVATE LIMITED	Director	15/07/1998	15/07/1998	-	Active	NO
5	U45202TN2001PTC047457	GIMPEX PROPERTIES PRIVATE LIMITED	Director	17/07/2001	17/07/2001	-	Active	NO
6	U14101TN2003PTC050753	S.P.G. AND COMPANY PRIVATE LIMITED	Director	24/04/2003	24/04/2003	-	Active	NO
7	U29309TN1998PTC040543	CENOSPHERE INDIA PRIVATE LIMITED	Director	18/08/2003	18/08/2003	-	Active	NO
8	U14102TN1999PTC054392	MERCURY GRANITES PRIVATE LIMITED	Director	10/06/2004	10/06/2004	-	Active	NO
9	U15141TN1986PTC013236	STONE AND SLATES PRIVATE LIMITED	Director	02/07/2004	02/07/2004	-	Amalgamated	NO
10	U14102TN2007PTC063962	ALLIANCE ANDHRA PRADESH BLACK GALAXY GRANITES PRIVATE LIMITED	Director	14/06/2007	14/06/2007	-	Active	NO
11	U13100TN2005PLC057689	ANDHRA PRADESH IRON ORE COMPANY LIMITED	Director	30/06/2007	30/06/2007	-	Active	NO
12	U14215TN2008PTC069736	GIMPEX AP BARYTES BENEFICIATION PRIVATE LIMITED	Director	03/11/2008	03/11/2008	-	Active	NO
13	U13100AP2009PTC063631	ONGOLE IRON ORE MINING COMPANY PRIVATE LIMITED	Director	11/05/2009	11/05/2009	-	Active	NO
14	U13204TN2011PTC078850	SAMIGO MINERAL PRIVATE LIMITED	Director	17/01/2011	17/01/2011	-	Active	NO

Name :

Mr. Binod Choudhury

Designation :

Whole-time director

Address :

The Highlands, No. 1 and 2, Cross Ormes Road, Kilpauk, Chennai – 600010, Tamilnadu, India

Date of Birth/Age :

22.07.1955

Date of Appointment :

01.04.2011

DIN No.:

00769002

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	U13200TN1974PLC006655	GIMPEX LIMITED	Whole-time director	01/04/2011	01/11/1986	-	Active	NO
2	U14299TN1992PLC022467	GIMPEX METAL LIMITED	Director	08/04/1992	08/04/1992	-	Active	NO
3	U52599TN1991PTC020922	SIBELCO INDIA MINERALS PRIVATE LIMITED	Director	22/08/1994	22/08/1994	05/10/2010	Active	NO
4	U45202TN2001PTC047457	GIMPEX PROPERTIES PRIVATE LIMITED	Director	17/07/2001	17/07/2001	-	Active	NO
5	U29309TN1998PTC040543	CENOSPHERE INDIA PRIVATE LIMITED	Director	18/08/2003	18/08/2003	-	Active	NO
6	U13209TN1998PTC040815	ALLIANCE MINERALS PRIVATE LIMITED	Director	02/06/2004	02/06/2004	-	Active	NO
7	U14102TN1999PTC054392	MERCURY GRANITES PRIVATE LIMITED	Director	10/06/2004	10/06/2004	-	Active	NO
8	U13100TN2005PLC057689	ANDHRA PRADESH IRON ORE COMPANY LIMITED	Director	27/09/2005	27/09/2005	-	Active	NO
9	U14102TN2005PTC055688	INDIAN REALSTONES PRIVATE LIMITED	Director	28/07/2006	28/07/2006	-	Amalgamated	NO
10	U15141TN1986PTC013236	STONE AND SLATES PRIVATE LIMITED	Director	31/07/2006	31/07/2006	-	Amalgamated	NO
11	U14102TN2007PTC063962	ALLIANCE ANDHRA PRADESH BLACK GALAXY GRANITES PRIVATE LIMITED	Director	14/06/2007	14/06/2007	-	Active	NO
12	U70101TN1995PLC034015	GANADHYAKSHYA PROPERTIES LIMITED	Director	29/09/2008	29/09/2008	-	Active	NO
13	U14215TN2008PTC069736	GIMPEX AP BARYTES BENEFICIATION PRIVATE LIMITED	Director	03/11/2008	03/11/2008	-	Active	NO
14	U14219WB1999PTC140698	MAA SARALA GRAPHITE PRIVATE LIMITED	Director	02/04/2009	02/04/2009	-	Active	NO
15	U13100AP2009PTC063631	ONGOLE IRON ORE MINING COMPANY PRIVATE LIMITED	Managing director	12/01/2010	11/05/2009	-	Active	NO
16	U14200TN2010PTC074326	AMPL GRANITES PRIVATE LIMITED	Director	21/01/2010	21/01/2010	-	Active	NO
17	U13204TN2011PTC078850	SAMIGO MINERAL PRIVATE LIMITED	Director	17/01/2011	17/01/2011	-	Active	NO
18	U13203GJ2012PTC071156	M3 INFRASTRUCTURE BENTONITE (BHUJ) PRIVATE LIMITED	Director	16/07/2012	16/07/2012	-	Active	NO

Name :

Mr. Ram Swarup Goenka

Designation :

Director

Address :

7-A, Sterling Avenue, 3^rd Floor, Nunagambakkam, Chennai – 600034, Tamilnadu, India

Date of Birth/Age :

23.12.1953

Date of Appointment :

01.04.2011

DIN No.:

01822880

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	U13200TN1974PLC006655	GIMPEX LIMITED	Whole-time director	01/04/2011	04/07/1974	-	Active	NO
2	U45202TN2001PTC047457	GIMPEX PROPERTIES PRIVATE LIMITED	Director	17/07/2001	17/07/2001	-	Active	NO
3	U15141TN1986PTC013236	STONE AND SLATES PRIVATE LIMITED	Director	02/07/2004	02/07/2004	-	Amalgamated	NO
4	U14215TN2008PTC069736	GIMPEX AP BARYTES BENEFICIATION PRIVATE LIMITED	Director	03/11/2008	03/11/2008	-	Active	NO
5	U74900AP2009PTC064859	ROCHAN IMPEX PRIVATE LIMITED	Director	26/08/2009	26/08/2009	-	Active	NO
6	U13204TN2011PTC078850	SAMIGO MINERAL PRIVATE LIMITED	Director	17/01/2011	17/01/2011	-	Active	NO
7	U13100WB2011PTC158244	MAHESHWARAM MINES AND MINERALS PRIVATE LIMITED	Director	01/02/2011	01/02/2011	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 29.09.2012

Names of Shareholders	No. of Equity Shares
Shiv Prakash Goenka	252980
Shiv Prakash Goenka HUF	40500
Samir Goenka	206500
Nidhi Goenka	63000
Binod Choudhary	79500
Ram Swarup Goenka	103020
Sushma Devi Goenka	20000
Sudhansu Goenka	38500
Karan Goenka	39000
Gimpex Mehtal Limited, India	325000
Alliance Minerals Private Limited, India	1667
Total	1169667

PREFERENCE SHARES DETAILS ARE NOT AVAILABLE

Equity Share Break up (Percentage of Total Equity)

As on 29.09.2012

Category	Percentage
Bodies corporate	28.00
Directors or relatives of Directors	72.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Sourcing and Export of barite, coal, iron ore, mill scale, clinker and bentonite.

Products :

Item Code No.	Product Description
2701	Coal
2511	Barytes
2508	Bentonite
2601	Iron Ore

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

• Punjab National Bank, Large Corporate Branch, Rayala Towers, Iii Floor, 781-785, Anna Salai, Chennai - 600002, Tamil Nadu, India
• HDFC Bank Limited, HDFC Bank House Senapati Bapat Marg, Lower Parel West, Mumbai - 400013, Maharashtra, India
• ING Vysya Bank Limited, 185 Anna Salai, Near Tvs, Chennai - 600006,
• Tamil Nadu, India

Facilities :

Secured Loan	31.03.2012 (Rs. in Millions)	31.03.2011 (Rs. in Millions)
Long-term Borrowings
Loans taken for vehicles	41.181	34.451
Term loans from banks	0.000	16.766
Short-term borrowings
Loans repayable on demand	3096.026	2017.551
Total	3137.207	2068.768

Banking Relations :
Financial Institution:	India Factoring and Finance Solutions Private Limited, 6th Floor, Vaibhav Chambers, Opposite Income tax, Bandra- Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra, India
Auditors :
Name :	Kumbhat and Company Chartered Accountants
Address :	144,N.S.C.Bose Road, Chennai -600 079, Tamilnadu, India
PAN N Income-tax PAN of auditor or auditor's firm :	AAAFK5509L
Associate:	Cenosphere India Private Limited, India CIN: U29309TN1998PTC040543
Subsidiary company:	Spg Minning Pte Limited, India

CAPITAL STRUCTURE

As on 31.03.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
3630000	Equity Shares	Rs.10/- each	Rs. 36.300 Millions
1500000	Preference Shares	Rs.10/- each	Rs. 15.000 Millions
	Total		Rs. 51.300 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1169667	Equity Shares	Rs.10/- each	Rs. 11.697 Millions
999600	Preference Shares	Rs.10/- each	Rs. 9.996 Millions
	Total		Rs. 21.693 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	21.693	21.693
(b) Reserves & Surplus	1162.076	953.366
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000
Total Shareholders’ Funds (1) + (2)	1183.769	975.059
(3) Non-Current Liabilities
(a) long-term borrowings	58.514	98.033
(b) Deferred tax liabilities (Net)	0.000	0.000
(c) Other long term liabilities	317.562	223.799
(d) long-term provisions	16.256	17.233
Total Non-current Liabilities (3)	392.332	339.065
(4) Current Liabilities
(a) Short term borrowings	3096.026	2017.551
(b) Trade payables	553.530	673.949
(c) Other current liabilities	82.278	119.754
(d) Short-term provisions	88.558	95.926
Total Current Liabilities (4)	3820.392	2907.180
TOTAL	5396.493	4221.304
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	503.946	457.384
(ii) Intangible Assets	0.989	28.932
(iii) Capital work-in-progress	0.000	0.000
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	288.285	288.266
(c) Deferred tax assets (net)	6.453	3.306
(d) Long-term Loan and Advances	104.019	93.525
(e) Other Non-current assets	15.957	10.679
Total Non-Current Assets	919.649	882.092
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	1282.216	862.860
(c) Trade receivables	1583.426	1026.750
(d) Cash and cash equivalents	285.820	381.164
(e) Short-term loans and advances	1276.307	1048.191
(f) Other current assets	49.075	20.247
Total Current Assets	4476.844	3339.212
TOTAL	5396.493	4221.304

SOURCES OF FUNDS		31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		21.693
2] Share Application Money		0.000
3] Reserves & Surplus		804.384
4] (Accumulated Losses)		0.000
NETWORTH		826.077
LOAN FUNDS
1] Secured Loans		1403.080
2] Unsecured Loans		46.686
TOTAL BORROWING		1449.766
DEFERRED TAX LIABILITIES		3.020
TOTAL		2278.863
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		441.425
Capital work-in-progress		0000
INVESTMENT		273.727
DEFERREX TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	897.513
	Sundry Debtors	381.842
	Cash & Bank Balances	211.005
	Other Current Assets	2.308
	Loans & Advances	999.993
Total Current Assets		2492.661
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	491.462
	Other Current Liabilities	366.599
	Provisions	74.373
Total Current Liabilities		932.434
Net Current Assets		1560.227
MISCELLANEOUS EXPENSES		3.484
TOTAL		2278.863

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income	10264.897	8258.239	6568.974
		Other Income	112.895	36.483	48.202
		TOTAL (A)	10377.792	8294.722	6617.176
Less	EXPENSES
		Cost of materials consumed	101.628	122.517
		Purchases of stock-in-trade	6812.524	4107.812
		Changes in inventories of finished goods, work-in-progress and stock-in-trade	(428.451)	57.621
		Employee benefit expense	92.571	90.853
		Other expenses	3058.391	3355.252
		Extraordinary items	(35.741)	0.000
		TOTAL (B)	9600.922	7734.055	6227.979
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		776.870	560.667	389.197
Less	FINANCIAL EXPENSES (D)		417.434	259.639	172.435
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		359.436	301.028	216.762
Less/ Add	DEPRECIATION/ AMORTISATION (F)		72.733	64.923	55.939
	PROFIT BEFORE TAX (E-F) (G)		286.703	236.105	160.823
Less	TAX (H)		64.353	73.674	58.035
	PROFIT AFTER TAX (G-H) (I)		222.350	162.431	102.788
	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		67.170	8.188	7.081
	APPROPRIATIONS
		Appropriation to General Reserve	150.000	90.000	90.000
		Proposed Dividend	11.696	11.696	11.680
	BALANCE CARRIED TO THE B/S		1162.076	67.170	8.188
	EARNINGS IN FOREIGN CURRENCY
		Export of Goods - At F.O.B. Value	8337.902	6519.622	4655.834
		Dividend	93.235	0.000	0.000
	TOTAL EARNINGS		8431.137	6519.622	4655.834
	IMPORTS
		Fixed Assets/ Advances	0.000	2.182	0.303
		Purchases	4303.442	1700.651	137.744
	TOTAL IMPORTS		4303.442	1702.833	138.047
	Earnings Per Share (Rs.)		188.00	137.00	89.6

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	2.14	1.96	1.55
Net Profit Margin (PBT/Sales)	(%)	2.79	2.86	2.45
Return on Total Assets (PBT/Total Assets}	(%)	5.62	6.01	5.48
Return on Investment (ROI) (PBT/Networth)		0.24	2.24	0.19
Debt Equity Ratio (Total Debt /Networth)		2.66	2.17	1.75
Current Ratio (Current Asset/Current Liability)		1.17	1.15	2.67

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	No
9]	Name of person contacted	No
10]	Designation of contact person	No
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	--
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	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	Yes
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

LITIGATION DETAILS

CHENNAI COURT
CASE STATUS INFORMATION SYSTEM

Case Status:	Pending
Status Of:	APPLICATION
Case No.:	1706
Year :	2013
Petitioner :	M/S. AANCHAL CEMENT LIMITED
Respondent :	M/S. GIMPEX LIMITED
Pet's Advocate :	M/S. RUGAN AND ARYA
Res's Advocate :	M/S.K.SUKUMARAN
Category :	Declaration
	Last Listed on: No Date Mentioned
Case Updated on :	Oct 29 2013

PERFORMANCE REPORT

The company has achieved a turnover of Rs. 10377.792 Millions in the year 2011-12 as compared to turnover of Rs.8294.723 Millions in the previous year. This represents a growth of 25% over the previous year Which represent The Company was able to achieve this growth by adding additional minerals in its business portfolio. The additional turnover was achieved due to improved performance from barites and coal business of the company.

UNSECURED LOAN

PARTICULARS	31.03.2012 (Rs. in Millions)	31.03.2011 (Rs. in Millions)
Long-term Borrowings
Loans and advances from related parties	17.332	0.000
Loans and advances from related parties	0.000	46.817
Total	17.332	46.817

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10429754	17/05/2013	20,000,000.00	INDIA FACTORING AND FINANCE SOLUTIONS PRIVATE LIMI TED	6TH FLOOR, VAIBHAV CHAMBERS, OPPOSITE INCOME TAX, BANDRA- KURLA COMPLEX, BANDRA (EAST), MUMBAI, MAHARASHTRA - 400051, INDIA	B76592443
2	10345972	10/02/2012	6,954,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA	B36461259
3	10311871	23/09/2011	8,100,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA	B23178767
4	10311872	23/09/2011	27,000,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W , MUMBAI, MAHARASHTRA - 400013, INDIA	B23178882
5	10311873	23/09/2011	3,620,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA	B23179021
6	10274024	25/01/2011	850,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA	B08691081
7	10274027	25/01/2011	1,203,192.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA	B08691636
8	10274028	25/01/2011	22,476,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA	B08691180
9	10246856	15/10/2010	650,000,000.00	STANDARD CHARTERED BANK	19, RAJAJI SALAI, CHENNAI, TAMIL NADU - 600001, INDIA	A97730030
10	10236713	19/08/2010	1,250,000,000.00	IDBI BANK LIMITED	115, ANNA SALAI, SAIDAPET, CHENNAI, TAMIL NADU - 600015, INDIA	A93666469

Note: * Date of charge modification

CONTINGENT LIABILITIES:

(Rs. in millions)

PARTICULARS	31.03.2012
Claims against the company not acknowledged as debts
i) Disputed Income Tax Liability	59.753
Disputed Sales Tax Liability	22.897
@ Amounts paid Rs.24.175 Millions which is included in 'Payment of Taxes' under "Long Term Advances".
Guarantees
i) Guarantees furnished by Bankers	115.142
ii) Outstanding Letters of Credit	802.497
Others
Preference Dividend Payable	0.400

FIXED ASSETS

Tangible assets

• Land
• Buildings
• Factory building
• Plant and equipment
• Factory equipments
• Furniture and fixtures
• Vehicles
• Motor vehicle
• Office equipment
• Computer equipments
• Other equipments

Intangible assets

• Mining rights

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.61.41
UK Pound	1	Rs.98.29
Euro	1	Rs.84.12

INFORMATION DETAILS

Report Prepared by :

KVT

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	4
--LEVERAGE	1~10	6
--RESERVES	1~10	3
--CREDIT LINES	1~10	5
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	YES
--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		43

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.