MIRA INFORM REPORT

Report Date :

28.10.2013

IDENTIFICATION DETAILS

Name :	SHYAM METALICS AND ENERGY LIMITED (w.e.f. 05.01.2010)
Formerly Known As :	SHYAM D R I POWER LIMITED
Registered Office :	"Trinity Tower", 83 Topsia Road, 7^th Floor, Kolkata – 700046, West Bengal
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	11.12.2002
Com. Reg. No.:	21-095491
Capital Investment / Paid-up Capital :	Rs.316.443 Millions
CIN No.: [Company Identification No.]	U40101WB2002PLC095491
TAN No.: [Tax Deduction & Collection Account No.]	CALS18182D
PAN No.: [Permanent Account No.]	AAHCS5841D
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer sponge iron, billets, thermo-mechanically treated steel bars, and ferroalloys.
No. of Employees :	Not Divulged

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 14000000
Status :	Satisfactory
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track record. Management has failed to file the financials of 2012 with the government department. As per the available, the sales turnover of the company has seen a significant increase during 2012. The ratings also take into consideration the above average financial risk profile of the company. Trade relations are fair. Business is active. Payment terms are reported as regular. The company can be considered for business dealings at usual trade terms and conditions. Note: The financial figure of 2013 and 2012 are taken from indirect source i.e CRISIL

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	CRISIL
Rating	Long term rating: A-
Rating Explanation	Adequate degree of safety and low credit risk.
Date	22 October 2013

Rating Agency Name	CRISIL
Rating	Short term rating: A2+
Rating Explanation	Strong degree of safety and low credit risk.
Date	22 October 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

Management Non – Cooperative (91-33-22116346)

LOCATIONS

Registered Office / Corporate Office 1 :	"Trinity Tower", 83 Topsia Road, 7^th Floor, Kolkata – 700046, West Bengal, India
Tel. No.:	91-33-40164001
Fax No.:	91-33-40164025
E-Mail :	cs@shyamgroup.com shyam_sel@rediffmail.com info@shyamgroup.com
Corporate Office 2:	“Viswakrma” 86-C, Topsia Road, 1^st Floor, Kolkata – 700046, West Bengal, India
Tel No.:	91-33-40113000
Fax No.:	91-33-22852212
Email :	info@shyamgroup.com
Factory :	Villa Pandler, P.O. Lapanga, District Sambalpur – 768212, Orissa, India

DIRECTORS

As on 28.09.2012

Name :

Mr. Brij Bhushan Agrawal

Designation :

Managing director

Address :

3-B, Ashoka Road, 2^nd Floor, Kolkata – 700027, West Bengal, India

Date of Birth/Age :

13.09.1972

Date of Appointment :

11.12.2002

PAN No.:

ACGPA0365A

DIN No.:

01125056

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	U01122WB1995PTC073938	SHYAM METALICS PRIVATE LIMITED	Director	31/08/1995	31/08/1995	-	Amalgamated	NO
2	U27109WB1991PLC052962	SHYAM SEL AND POWER LIMITED	Managing director	01/04/2013	26/07/1999	-	Active	NO
3	U51909WB1995PTC070771	DORITE TRACON PRIVATE LIMITED	Director	22/02/2000	22/02/2000	-	Active	NO
4	U51909WB1994PTC066014	SUBHAM CAPITAL PRIVATE LIMITED	Director	15/01/2001	15/01/2001	-	Active	NO
5	U40102WB2002PLC094303	SHYAM ENERGY LIMITED	Director	28/02/2002	28/02/2002	-	Active	NO
6	U40101WB2002PLC095491	SHYAM METALICS AND ENERGY LIMITED	Managing director	01/04/2008	11/12/2002	-	Active	NO
7	U26942ML2001PLC006663	CEMENT MANUFACTURING COMPANY LIMITED	Director	03/01/2003	03/01/2003	-	Active	NO
8	U27109WB1995PLC071548	SHYAM FERRO ALLOYS LIMITED	Director	16/05/2005	16/05/2005	-	Active	NO
9	U40108ML2002PLC006921	MEGHALAYA POWER LIMITED	Director	25/05/2006	25/05/2006	-	Active	NO
10	U51109WB2006PTC110351	ARA SUPPLIERS PRIVATE LIMITED	Director	23/10/2006	23/10/2006	-	Active	NO
11	U52190WB2006PTC111573	ADONIS VYAPER PRIVATE LIMITED	Director	23/10/2006	23/10/2006	-	Active	NO
12	U52190WB2006PTC111571	APNAPAN VINIYOG PRIVATE LIMITED	Director	23/10/2006	23/10/2006	-	Active	NO
13	U51909WB2006PTC111570	ARHAM SALES PRIVATE LIMITED	Director	23/10/2006	23/10/2006	-	Active	NO
14	L20101WB1982PLC034435	CENTURY PLYBOARDS (INDIA) LIMITED	Director	27/08/2010	04/12/2006	10/05/2011	Active	NO
15	U15432WB1996PTC111330	MATIN CONFECTIONARY PRIVATE LIMITED	Director	28/03/2007	28/03/2007	-	Amalgamated	NO
16	U70109WB2007PLC115289	PURI PORTS LIMITED	Director	23/04/2007	23/04/2007	-	Active	NO
17	U70102HR2007PTC043349	TRANSCEND INFRASTRUCTURE PRIVATE LIMITED	Director	15/05/2007	15/05/2007	19/03/2008	Active	NO
18	U40104WB2007PLC116195	NE HILLS HYDRO LIMITED	Director	29/05/2007	29/05/2007	21/09/2007	Active	NO
19	U27310WB2007PLC116194	SHYAM CENTURY METALLIC LIMITED	Director	29/05/2007	29/05/2007	21/09/2007	Active	NO
20	U45400WB2007PLC116306	SHYAM EMCO INFRASTRUCTURE LIMITED.	Director	01/07/2009	01/06/2007	-	Active	NO
21	U26940WB2007PLC117174	SHYAM CENTURY CEMENT INDUSTRIES LIMITED	Director	13/07/2007	13/07/2007	-	Active	NO
22	U40105OR2007PLC009567	KALINGA ENERGY AND POWER LIMITED	Director	04/10/2007	04/10/2007	-	Active	NO
23	U70100WB2008PTC126431	SINGHBHUM STEEL AND POWER PRIVATE LIMITED	Director	09/06/2008	09/06/2008	21/03/2011	Active	NO
24	U70102WB2008PTC126636	KOLHAN COMPLEX PRIVATE LIMITED	Director	17/06/2008	17/06/2008	22/03/2011	Active	NO
25	U40106WB2008PTC126637	SHYAM SOLAR APPLIANCE PRIVATE LIMITED	Director	17/06/2008	17/06/2008	-	Active	NO
26	U70200WB2008PTC126792	SHYAM ORES(JHARKHAND) PRIVATE LIMITED	Director	23/06/2008	23/06/2008	21/03/2011	Active	NO
27	U63090ML2005PLC008011	STAR CEMENT MEGHALAYA LIMITED	Director	12/08/2009	04/07/2008	-	Active	NO
28	U13100WB2008PTC129094	SHYAM MINMET PRIVATE LIMITED	Director	05/09/2008	05/09/2008	-	Active	NO
29	U45201OR2008PLC010323	KALINGA INFRA-PROJECTS LIMITED	Director	16/09/2008	16/09/2008	-	Active	NO
30	U51420WB2005PTC101287	VEDANSH MINERAL AND METALS PRIVATE LIMITED	Additional director	14/06/2010	14/06/2010	11/07/2012	Active	NO
31	U45400WB2010PTC155930	GLOWING REALTY PRIVATE LIMITED	Director	18/12/2010	18/12/2010	02/07/2012	Active	NO
32	U27100ML2011PLC008483	MEGHALAYA FERRO ALLOYS AND POWER LIMITED	Director	14/07/2011	14/07/2011	-	Active	NO
33	U23101ML2011PLC008484	NORTH EAST CARBON AND ENERGY LIMITED	Director	21/07/2011	21/07/2011	-	Active	NO
34	U70109WB2011PTC168115	SHYAM IT PARK DEVEPOLERS PRIVATE LIMITED	Director	26/09/2011	26/09/2011	-	Active	NO

Name :

Mr. Bajrang Lal Agarwal

Designation :

Director

Address :

CA – 54, Sector – I, Salt Lake City, Kolkata – 700064, West Bengal, India

Date of Birth/Age :

20.01.1951

Date of Appointment :

14.08.2010

PAN No.:

ACWP3142K

DIN No.:

00235978

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	U01122WB1995PTC073938	SHYAM METALICS PRIVATE LIMITED	Director	31/08/1995	31/08/1995	-	Amalgamated	NO
2	U27109WB1991PLC052962	SHYAM SEL AND POWER LIMITED	Whole-time director	01/04/2013	19/11/2001	-	Active	NO
3	U40101WB2002PLC095491	SHYAM METALICS AND ENERGY LIMITED	Director	14/08/2010	11/12/2002	-	Active	NO
4	U67120WB1994PLC064811	NARANTAK DEALCOMM LTD	Director	01/08/2006	01/08/2006	-	Active	NO
5	U51109WB2006PTC110351	ARA SUPPLIERS PRIVATE LIMITED	Director	23/10/2006	23/10/2006	-	Active	NO
6	U52190WB2006PTC111573	ADONIS VYAPER PRIVATE LIMITED	Director	23/10/2006	23/10/2006	-	Active	NO
7	U52190WB2006PTC111571	APNAPAN VINIYOG PRIVATE LIMITED	Director	23/10/2006	23/10/2006	-	Active	NO
8	U51909WB2006PTC111570	ARHAM SALES PRIVATE LIMITED	Director	23/10/2006	23/10/2006	-	Active	NO
9	U70109WB2007PLC115289	PURI PORTS LIMITED	Director	23/04/2007	23/04/2007	-	Active	NO
10	U45400WB2007PTC116133	STARPOINT HOUSING PRIVATE LIMITED	Director	30/05/2007	30/05/2007	21/01/2011	Active	NO
11	U45400WB2007PTC116161	ARADHANA GREENFIELD DEVELOPERS PRIVATE LIMITED	Director	30/05/2007	30/05/2007	21/01/2011	Active	NO
12	U45400WB2007PTC116163	EUREKA COMPLEX PRIVATE LIMITED	Director	30/05/2007	30/05/2007	21/01/2011	Active	NO
13	U51109WB1995PTC068663	SREE PANCHAMI CONSULTANTS PRIVATE LIMITED	Director	21/08/2007	21/08/2007	10/09/2008	Amalgamated	NO
14	U51109WB1995PTC069472	SHAILY SALES AND SERVICES PRIVATE LIMITED	Director	21/08/2007	21/08/2007	10/09/2008	Active	NO
15	U72100WB1995PTC072806	JHAWAR METACAST AND ENGINEERS PRIVATE LIMITED	Director	27/08/2007	27/08/2007	-	Amalgamated	NO
16	U72900WB2004PTC099459	INFOREV SOFTWARE PRIVATE LIMITED	Director	29/08/2007	29/08/2007	-	Active	NO
17	U02005WB1995PTC073522	ESSEL PLYWOOD PRIVATE LIMITED	Director	07/11/2007	07/11/2007	-	Active	NO
18	U70101WB1995PTC073721	GANDHINI HOUSING PRIVATE LIMITED	Director	05/05/2009	05/05/2009	-	Active	NO
19	U65922WB1992PTC054891	KALPATARU HOUSEFIN AND TRADING PRIVATE LIMITED	Director	10/08/2009	10/08/2009	-	Active	NO
20	U70100WB2008PTC126431	SINGHBHUM STEEL AND POWER PRIVATE LIMITED	Director	02/09/2009	02/09/2009	21/03/2011	Active	NO
21	U70102WB2008PTC126636	KOLHAN COMPLEX PRIVATE LIMITED	Director	02/09/2009	02/09/2009	22/03/2011	Active	NO
22	U70200WB2008PTC126792	SHYAM ORES(JHARKHAND) PRIVATE LIMITED	Director	02/09/2009	02/09/2009	-	Active	NO
23	U13100WB2008PTC129094	SHYAM MINMET PRIVATE LIMITED	Director	02/09/2009	02/09/2009	-	Active	NO
24	U51909WB1991PTC051070	ESKAY BUSINESS PRIVATE LIMITED	Director	05/11/2009	05/11/2009	-	Active	NO
25	U25209WB2003PTC097164	SUNRISE PLASTICS (INDIA) PRIVATE LIMITED	Director	20/05/2011	20/05/2011	-	Active	NO
26	U51109WB1995PTC067779	CRON GOODS AND SUPPLY PRIVATE LIMITED	Director	20/05/2011	20/05/2011	-	Amalgamated	NO
27	U74999WB2011PTC169366	EUREKA HYDRO POWER PRIVATE LIMITED	Director	14/11/2011	14/11/2011	-	Active	NO
28	U70102WB2011PTC169362	BRITASIA HYDRO POWER PRIVATE LIMITED	Director	14/11/2011	14/11/2011	-	Active	NO

Name :

Mr. Sanjay Agarwal

Designation :

Director

Address :

CA – 54, Sector – I, Salt Lake City, Kolkata – 700064, West Bengal, India

Date of Birth/Age :

27.03.1976

Date of Appointment :

11.12.2002

DIN No.:

00232938

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	U27109WB1991PLC052962	SHYAM SEL AND POWER LIMITED	Director	04/08/2001	04/08/2001	10/06/2010	Active	NO
2	U51109WB1994PTC064130	CONVENTARY COMMODEAL PRIVATE LIMITED	Director	16/11/2001	16/11/2001	12/02/2011	Active	NO
3	U40102WB2002PLC094303	SHYAM ENERGY LIMITED	Director	28/02/2002	28/02/2002	-	Active	NO
4	U51109WB1994PTC063946	PONNI TREXIM PRIVATE LIMITED	Director	18/07/2002	18/07/2002	-	Active	NO
5	U40101WB2002PLC095491	SHYAM METALICS AND ENERGY LIMITED	Director	11/12/2002	11/12/2002	-	Active	NO
6	U51909WB1995PTC073411	KECONS TRADECARE PRIVATE LIMITED	Director	31/12/2003	31/12/2003	-	Active	NO
7	U27109WB1995PLC071548	SHYAM FERRO ALLOYS LIMITED	Director	25/07/2004	25/07/2004	-	Active	NO
8	U45400WB2007PTC115153	IMPROVED REALTORS PRIVATE LIMITED	Director	29/09/2007	29/09/2007	-	Active	NO
9	U40105OR2007PLC009567	KALINGA ENERGY AND POWER LIMITED	Director	04/10/2007	04/10/2007	-	Active	NO
10	U02005WB1995PTC073522	ESSEL PLYWOOD PRIVATE LIMITED	Director	07/11/2007	07/11/2007	24/02/2011	Active	NO
11	U51109WB2007PTC112997	SAWAGATAM SUPPLY PRIVATE LIMITED	Additional director	01/12/2007	01/12/2007	-	Strike off	NO
12	U51109WB2007PTC112940	NAVRATAN DEALER PRIVATE LIMITED	Additional director	01/12/2007	01/12/2007	-	Strike off	NO
13	U45400WB2007PLC116306	SHYAM EMCO INFRASTRUCTURE LIMITED.	Director	01/12/2007	01/12/2007	-	Active	NO
14	U27310WB2007PLC116194	SHYAM CENTURY METALLIC LIMITED	Director	01/12/2007	01/12/2007	-	Active	NO
15	U40104WB2007PLC116195	NE HILLS HYDRO LIMITED	Director	01/12/2007	01/12/2007	-	Active	NO
16	U26941WB2008PLC123169	STAR CEMENT BENGAL LIMITED	Director	27/02/2008	27/02/2008	-	Strike off	NO
17	U70200WB2008PTC126432	SWARNREKHA ABASAN PRIVATE LIMITED	Director	09/06/2008	09/06/2008	18/08/2012	Active	NO
18	U70100WB2008PTC126430	GUMLA ALUMINIUM PRIVATE LIMITED	Director	09/06/2008	09/06/2008	12/02/2011	Active	NO
19	U70200WB2008PTC126484	DAMODAR ALUMINIUM PRIVATE LIMITED	Director	10/06/2008	10/06/2008	22/03/2011	Active	NO
20	U70200WB2008PTC127602	SUNGLOW COMPLEX PRIVATE LIMITED	Director	17/07/2008	17/07/2008	21/03/2011	Active	NO
21	U93030DL2007PTC164762	ZENITH COPPER MINES PRIVATE LIMITED	Director	30/09/2008	08/08/2008	-	Active	NO
22	U13203DL2007PTC164764	YP MULTI MINERALS PRIVATE LIMITED	Director	30/09/2008	08/08/2008	-	Active	NO
23	U74140WB2008PTC129092	SHYAM BUSINESS SOLUTIONS PRIVATE LIMITED	Director	05/09/2008	05/09/2008	-	Active	NO
24	U70200WB2008PTC129093	PLATINUM MINMET PRIVATE LIMITED	Director	05/09/2008	05/09/2008	21/05/2011	Active	NO
25	U45201OR2008PLC010323	KALINGA INFRA-PROJECTS LIMITED	Director	16/09/2008	16/09/2008	-	Active	NO
26	U51109WB1995PTC068663	SREE PANCHAMI CONSULTANTS PRIVATE LIMITED	Director	15/06/2009	15/06/2009	-	Amalgamated	NO
27	U51109WB1995PTC069472	SHAILY SALES ANDSERVICES PRIVATE LIMITED	Director	15/06/2009	15/06/2009	-	Active	NO
28	U40106WB2008PTC126637	SHYAM SOLAR APPLIANCE PRIVATE LIMITED	Director	02/09/2009	02/09/2009	-	Active	NO
29	U51420WB2005PTC101287	VEDANSH MINERAL AND METALS PRIVATE LIMITED	Additional director	14/06/2010	14/06/2010	28/07/2012	Active	NO
30	U65922WB1992PTC054891	KALPATARU HOUSEFIN AND TRADING PVT LTD	Director	22/02/2011	22/02/2011	-	Active	NO
31	U40101WB2011PTC167354	UTTAR PURVA HYDROPOWER PRIVATE LIMITED	Director	08/09/2011	08/09/2011	-	Active	NO
32	U70109WB2011PTC168115	SHYAM IT PARK DEVEPOLERS PRIVATE LIMITED	Director	26/09/2011	26/09/2011	-	Active	NO
33	U70102WB2011PTC169370	SINDBAD HYDRO POWER PRIVATE LIMITED	Director	14/11/2011	14/11/2011	-	Active	NO
34	U74999WB2011PTC169369	RENAISSANCE HYDRO POWER PRIVATE LIMITED	Director	14/11/2011	14/11/2011	-	Active	NO
35	U74999WB2011PTC169367	GOODLIFE HYDRO POWER PRIVATE LIMITED	Director	14/11/2011	14/11/2011	-	Active	NO

Name :

Mr. Dev Kumar Tiwari

Designation :

Director

Address :

Saraswati Vihar, Ambika Nagar, P.O Ainthapali, Sambalpur – 768004, Orissa, India

Date of Birth/Age :

01.01.1971

Date of Appointment :

10.04.2009

PAN No.:

ADKPT0309E

DIN No.:

02432511

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	U51109WB1994PTC061987	TOPLIGHT MERCHANTILES PRIVATE LIMITED	Director	15/12/2003	15/12/2003	14/12/2009	Active	NO
2	U65999WB1982PLC035581	ELDORADO (INDIA) LIMITED	Director	05/02/2004	05/02/2004	-	Active	NO
3	U45201WB1996PTC078149	SHYAM CENTURY MULTI PROJECTS PRIVATE LIMITED	Director	15/04/2004	15/04/2004	14/12/2009	Active	NO
4	U40101WB2002PLC095491	SHYAM METALICS AND ENERGY LIMITED	Additional director	10/04/2009	10/04/2009	-	Active	NO
5	U45400WB2007PTC116163	EUREKA COMPLEX PRIVATE LIMITED	Director	08/10/2010	08/10/2010	31/01/2011	Active	NO
6	U45400WB2009PTC135040	SHYAM GREENFIELD DEVELOPER PRIVATE LIMITED	Director	20/10/2010	20/10/2010	-	Active	NO
7	U51909WB1996PTC076966	SUBHLABH COMMERCIALS PRIVATE LIMITED	Director	22/03/2011	22/03/2011	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Lal Babu Chaurasia
Designation :	Secretary
Address :	6/A, Tara Chand Dutta Streeet, 4^th Floor, Kolkata – 700073, West Bengal, India
Date of Birth/Age :	06.10.1975
Date of Appointment :	01.06.2009
PAN No.:	AEOPC3358R

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 28.09.2012

Names of Shareholders	No. of Shares
Brij Bhushan Agarwal	3900000
Narantak Dealcomm Limited, India	400000
Shubham Buildwell Private Limited, India	6180000
Bajrang Lal Agarwal	500
Mahabir Prasad Agarwal	500
Brij Bhushan Agarwal	80500
Subham Capital Private Limited, India	6736367
Eskay Business (Private) Limited, India	247000
Conventary Commodeal (Private) Limited, India	680000
Dorite Tracon (Private) Limited, India	1025000
Ponni Trexim Private Limited, India	1080000
Shaily Sales And Services Private Limited, India	655000
Sanjay Kumar Agarwal	1500
Mittu Agarwal	500
Pitamber Commercial Company Private Limited, India	4518000
Subham Buildwell Private Limited, India	8339450
Total	33844317

As on 28.12.2012

Names of Allottees	No. of Shares
Conventary Commodeal Private Limited, India	90000
Shaily Sales and Services Private Limited, India	454500
Pitamber Commercial Company Private Limited, India	295000
Eskay Business Private Limited, India	229000
Dorite Trackon Private Limited, India	295000
Ponni Trexim Private Limited, India	624500
Kalpataru Housefin and Trading Private Limited, India	727000
Narantal Dealcom Private Limited, India	363000
Gulmohar Complex Private Limited, India	272000
Nandlal TIE-UP Private Limited, India	272000
Total	3622000

As on 30.03.2013

Names of Allottees	No. of Shares
Gulmohar Complex Private Limited, India	182000
Nandlal TIE-UP Private Limited, India	818500
Total	1000500

Equity Share Break up (Percentage of Total Equity)

As on 28.09.2012

Category	Percentage
Bodies corporate	88.23
Directors or relatives of Directors	11.77
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer sponge iron, billets, thermo-mechanically treated steel bars, and ferroalloys.

Products / Services :

Item Code No.	Product Description
7203.10.00	Sponge Iron
7207.19.20	Billets
7214.10.90	TMT Bars

GENERAL INFORMATION

No. of Employees :

Not Divulged

Bankers :

• State Bank of India (Lead Bank), Commercial Branch, Kolkata, 24, Park Street, Kolkata - 700016, West Bengal, India
• Corporation Bank, Corporate Banking Branch, Kolkata, 21, Hemanta Basu Sarani, Centre Point, 1st Floor, Kolkata - 700001, West Bengal, India
• Union Bank of India, Industrial Finance Branch, 1/1, Camac Street, 1st Floor, Kolkata - 700016, West Bengal, India
• HDFC Bank Limited, HDFC Bank House senapati Bapat Marg, Lower Parel West, Mumbai - 400013,Maharashtra, India
• Axis Bank Limited, Corporate Banking Branch (Cbb), 1, Shakespeare Sarani, Ac Market, 3rd Floor, Kolkata - 700071, West Bengal, India
• ICICI Bank Limited, Landmark race Cource Circle, Alkapuri, Baroda - 390015, Gujarat, India
• DBS Bank Limited, 4a, Nandlal Basu Sarani, Kolkata - 700071, West Bengal, India

Facilities :

Secured Loan	31.03.2011 (Rs. in Millions)	31.03.2010 (Rs. in Millions)
Rupee term loans banks secured	1389.789	1970.334
Foreign currency loans others secured	1293.583	45.140
Other external commercial borrowings secured	394.276	415.682
Working capital loans banks secured	1185.252	643.967
Hire purchase installment payable secured	7.959	11.921
Interest accrued due other debt secured	6.512	5.623
Total	4277.371	3092.667

Banking Relations :	--
Auditors :
Name :	S R Batlibol and Company Chartered Accountants
Address :	22, Camac Street, Block 'C' 3rd Floor, Kolkata - 700 016, West Bengal, India
PAN N Income-tax PAN of auditor or auditor's firm :	ABSFS4151K
Holding Company:	Shyam Sel and Power Limited (till 18.09.2009)
Subsidiary Companies:	Shyam Sel and Power Limited (w.e.f.19.09.2009) Shyam Metalics Private Limited Vedansh Mineral and Metals Private Limited (w.e.f 31.07.2010)
Joint-ventures:	MJSJ Coal Limited, India CIN: U10200OR2008GOI010250
Associates:	Subhlabh Commercial Private Limited (w.e.f 23.03.2010) CIN: U51909WB1996PTC076966 Avam Trades and Services Private Limited(w.e.f 23.03.2010) ( upto 20.01.2011) Corn Goods and Supply Private Limited(w.e.f 01.04.2010) Meghana Vyapar Private Limited(w.e.f 23.03.2010)
Enterprises over which Key Management Personnel and / or their relatives have significant influence:	Shubham Capital Private Limited (Formerly known as S.A. Trading Co. Private Limited (w.e.f 21.12.2010) Kalinga Energy and Power Limited Kalinga Infra Projects Limited Shyam Energy Limited Conventary Commdeal Private Limited Dorite Tracon Private Limited Inforev Software Private Limited Narantak Dealcomm Limited Puri Ports Limited Esteem Angan Private Limited (Formerly Shyam Century Angan Pvt. Limited) Goodlook Infracon Private Limited (Formerly Shyam Century Constructions Private Limited) Wisely Real Estate Private Limited(Formerly Shyam Century Real Estate Private Limited) Shaily Sales and Services Private Limited Shyam Ferro Alloys Limited Sree Panchami Consultants Private Limited Toplight Mercantile Private Limited Ponni Trexim Private Limited Shubham Buildwell Private Limited

CAPITAL STRUCTURE

AFTER 28.09.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
63750000	Equity Shares	Rs.10/- each	Rs. 637.500 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
38466817	Equity Shares	Rs.10/- each	Rs. 384.668 Millions

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
63750000	Equity Shares	Rs.10/- each	Rs. 637.500 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
31644317	Equity Shares	Rs.10/- each	Rs. 316.443 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		316.443	287.820	434.020
2] Share Application Money		0.00	221.123	36.880
3] Reserves & Surplus		3240.481	2822.909	1492.402
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		3556.924	3331.852	1963.302
LOAN FUNDS
1] Secured Loans		4277.371	3092.667	1601.627
2] Unsecured Loans		0.789	2.000	2.000
TOTAL BORROWING		4278.160	3094.667	1603.627
DEFERRED TAX LIABILITIES		103.215	104.609	43.071
TOTAL		7938.299	6531.128	3610.000
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		3408.654	2160.579	1077.443
Capital work-in-progress		985.457	1441.523	1594.419
Expenditure pending allocation, net		105.243	63.882	0.000
INVESTMENT		517.618	949.769	0.204
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	1806.992	1149.025	507.471
	Sundry Debtors	895.982	574.917	467.153
	Cash & Bank Balances	161.484	127.280	284.003
	Other Current Assets	15.015	19.943	4.850
	Loans & Advances	870.889	963.695	334.708
Total Current Assets		3750.362	2834.860	1598.185
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	552.971	783.253	497.809
	Other Current Liabilities	254.998	110.106	77.598
	Provisions	21.066	26.126	84.844
Total Current Liabilities		829.035	919.485	660.251
Net Current Assets		2921.327	1915.375	937.937
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		7938.299	6531.128	3610.000

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	4962.434	3840.570	4568.375
		Other Income	123.020	125.243	154.612
		TOTAL (A)	5085.454	3965.813	4722.987
Less	EXPENSES
		Consumption materials changes inventories	3607.809	2715.088
		Manufacturing service costs	64.344	116.947
		Contract cost	41.733	33.136
		Employee related expenses	172.941	124.066
		Administrative selling other expenses	163.950	133.241
		TOTAL (B)	4050.777	3122.478	3862.969
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		1034.677	843.335	860.018
Less	FINANCIAL EXPENSES (D)		242.924	127.582	129.496
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		791.753	715.753	730.522
Less/ Add	DEPRECIATION/ AMORTISATION (F)		353.866	209.909	174.941
	PROFIT BEFORE TAX (E-F) (G)		437.887	505.844	556.261
Less	TAX (H)		20.316	61.538	117.850
	PROFIT AFTER TAX (G-H) (I)		417.571	444.306	438.411
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		1111.320	666.421	289.788
Add	Profit and Loss Account Balance of Amalgamating Companies		0.000	0.593	0.000
Less	APPROPRIATIONS
		Transfer to General Reserve	0.000	0.000	11.000
		Proposed Dividend on Equity Shares	0.000	0.000	43.402
		Tax on Dividend	0.000	0.000	7.376
	BALANCE CARRIED TO THE B/S		1528.891	1111.320	666.421
	EARNINGS IN FOREIGN CURRENCY
		Exports (F.O.B. value)	412.196	212.663	1479.541
	TOTAL EARNINGS		412.196	212.663	1479.541
	IMPORTS
		Raw Materials	799.869	487.899	896.400
		Stores & Spares	1.128	1.733
		Capital Goods	12.946	1.496	10.951
	TOTAL IMPORTS		813.943	491.128	907.351
	Earnings Per Share (Rs.)		12.34	14.04	11.52

PARTICULARS	31.03.2013	31.03.2012
NET SALES	7.1 Billion	6.8 Billion
PROFIT AFTER TAX	257.900	301.700

Note: The financial figure of 2013 and 2012 are taken from indirect source i.e CRISIL

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	8.21	11.20	9.28
Net Profit Margin (PBT/Sales)	(%)	8.82	13.17	12.18
Return on Total Assets (PBT/Total Assets}	(%)	6.12	10.13	20.79
Return on Investment (ROI) (PBT/Networth)		0.12	0.15	0.28
Debt Equity Ratio (Total Debt /Networth)		1.20	0.93	0.82
Current Ratio (Current Asset/Current Liability)		4.52	3.08	2.42

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	--
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

NOTE: Registered office of the company has been shifted from 29, Ganesh Chandra Avenue, 1^st Floor, Kolkata – 700013, West Bengal, India to the present address w.e.f. 23.02.2010

UNSECURED LOAN

PARTICULARS	31.03.2011 (Rs. in Millions)	31.03.2010 (Rs. in Millions)
Other debt unsecured	0.789	2.000
Total	0.789	2.000

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10448154	21/08/2013	320,000,000.00	UNION BANK OF INDIA	INDUSTRIAL FINANCE BRANCH, 1/1, CAMAC STREET, 1ST FLOOR, KOLKATA, WEST BENGAL - 700016, INDIA	B84620996
2	10443455	16/08/2013	1,350,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA	B82307935
3	10393788	27/09/2013 *	4,457,000,000.00	STATE BANK OF INDIA (LEAD BANK)	COMMERCIAL BRANCH, KOLKATA, 24, PARK STREET, KOLKATA, WEST BENGAL - 700016, INDIA	B86428091
4	10389344	27/11/2012	250,000,000.00	ICICI BANK LIMITED	LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA	B63104152
5	10389888	06/11/2012	1,140,000,000.00	AXIS BANK LIMITED	CORPORATE BANKING BRANCH (CBB), 1, SHAKESPEARE S ARANI, AC MARKET, 3RD FLOOR,, KOLKATA, WEST BENGAL - 700071, INDIA	B63285589
6	10378945	24/09/2012	825,000,000.00	DBS BANK LIMITED	4A, NANDLAL BASU SARANI, KOLKATA, WEST BENGAL - 70 0071, INDIA	B59052225
7	10382297	27/07/2013 *	290,000,000.00	AXIS BANK LIMITED	CORPORATE BANKING BRANCH (CBB), 1, SHAKESPEARE S ARANI, AC MARKET, 3RD FLOOR, KOLKATA, WEST BENGAL - 700071, INDIA	B82167511
8	10373264	06/07/2012	250,000,000.00	ICICI BANK LIMITED	LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA	B56686868
9	10366643	28/06/2012	5,612,500,000.00	STATE BANK OF INDIA (LEAD BANK)	COMMERCIAL BRANCH, KOLKATA, 24, PARK STREET, KOLKATA, WEST BENGAL - 700016, INDIA	B44221950
10	10360480	12/06/2012	500,000,000.00	ICICI BANK LIMITED	LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA	B41569385

Note: * Date of charge modification

FIXED ASSETS

• Land
• Factory Building
• Plant and Machinery
• Furniture and Fixture
• Office Equipments
• Computers
• 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 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.61.63
UK Pound	1	Rs.99.94
Euro	1	Rs.85.14

INFORMATION DETAILS

Information Gathered by :	JML
Report Prepared by :	KVT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	6
--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		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.