MIRA INFORM REPORT

Report Date :

11.09.2013

IDENTIFICATION DETAILS

Name :	MAHAVIR GLOBAL COAL LIMITED (w.e.f. 21.07.2005)
Formerly Known As :	MAHAVIR GLOBAL COAL PRIVATE LIMITED
Registered Office :	261, Shankar Nagar, 2nd Lane, Behind Park, Nagpur – 440010, Maharashtra
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	23.12.2002
Com. Reg. No.:	11-138369
Capital Investment / Paid-up Capital :	Rs.252.194 Millions
CIN No.: [Company Identification No.]	U51909MH2002PLC138369
TAN No.: [Tax Deduction & Collection Account No.]	NGPM03720D
PAN No.: [Permanent Account No.]	AABCM4776H
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Trader of Coal.
No. of Employees :	70 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (42)

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

Maximum Credit Limit :	USD 3000000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established company having a satisfactory track record. There appears slight dip in its profitability during 2012. However, general financial position seems to be 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 – 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

We are living in a world where volatility and uncertainty have become the New Normal. We saw a change of government in countries like Tunisia, Egypt, Libya and Vietnam. Once powerful countries in Europe are now fighting for bankruptcy. We have taken growth in the developing part of the world for granted but economic growth in China and India has begun to slow. Companies that were synonymous with their product categories just a few years ago are now no longer in existence. Kodak, the inventor of the digital camera had to wind up its operations, HMV, the British entertainment retailing company and Borders, once the second largest bookstore have shut down due to their inability to evolve their business models with the changing time. Readers’ Digest, Thomson Register are no more !

There is another megatrend happening. The World order is changing as economic power shifts from West to East. According to McKinsey study, it took Britain more than 100 years to double its economic output per person during its industrial revolution and the US later took more than 50 years to do the same. More than a century later, China and India have doubled their GDP per capital in 12 and 18 years respectively. By 2020, emerging Asia will become the world’s largest consuming block, overtaking North America.

The years after the outbreak of the global financial crisis, the world economy continues to remain fragile. The Indian economy demonstrated remarkable resilience in the initial years of the contagion but finally lost ground last year. GDP growth slowed down. Currency has been weakening. There is a marked deceleration in agriculture, industry and services. Dampening sentiment led to a cut-back in investment as well as private consumption expenditure.  Inflation remained at high levels fuelled by the pressure from the food and fuel sectors. The large fiscal and current account deficit s continued to cause grave concern. It is imperative that India regains its growth trajectory of 8-9 % sooner than later. This is crucially important given the need to create gainful livelihood opportunities for the millions living in poverty as also the large contingent of young people joining the job market every year.

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	BB (Long Term Rating)
Rating Explanation	Having moderate risk of default regarding timely servicing of financial obligation.
Date	July 2012

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (EMPLOYEE PROVIDENT FUND) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

INFORMATION PARTED BY (GENERAL DETAILS)

Name :	Mr. Prashant Jain
Designation :	Director
Contact No.:	91-9893612345
Date :	07.09.2013

LOCATIONS

Registered Office :	261, Shankar Nagar, 2nd Lane, Behind Park, Nagpur – 440010, Maharashtra, India
Tel. No.:	91-11-26141901
Mobile No.:	91-9893612345 (Mr. Prashant Jain)
Fax No.:	Not Available
E-Mail :	cashweta23@gmail.com jain.vick@gmail.com
Location :	Owned
Branch Office :	Lakshmi Tower, Near Triveni, Vihar, Bilaspur, Chhattisgarh, India

DIRECTORS

As on: 29.09.2011

Name :

Mr. Pramod Kumar Jain

Designation :

Director

Address :

198, Vasant Enclave, First Floor, Vasant Vihar, New Delhi, India

Date of Birth/Age :

01.07.1955

Date of Appointment :

24.01.2003

DIN No.:

00036019

PAN No.:

ABFPJ6708A

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	U60231CT1995PTC010269	VARDHMAN ROAD LINES PRIVATE LIMITED	Director	20/12/1995	20/12/1995	-	Active	NO
2	U51909MH2002PLC138369	MAHAVIR GLOBAL COAL LIMITED	Director	24/01/2003	24/01/2003	-	Active	NO
3	U27102CT2003PTC015761	ARYAN ISPAT AND POWER PRIVATE LIMITED	Managing director	09/04/2011	28/04/2003	-	Active	NO
4	U45102MH2006PLC161175	MAHAVIR ENERGY AND COAL BENEFICATION LIMITED	Director	17/04/2006	17/04/2006	-	Active	NO
5	U01122CT1988PTC004451	GAGAN FARMS PRIVATE LIMITED	Director	18/07/2006	18/07/2006	-	Active	NO
6	U10100DL2007PTC162608	MAHAVIR COAL WASHERIES PRIVATE LIMITED	Director	26/04/2007	26/04/2007	-	Active	NO
7	U10100DL2007PTC162663	MAHAVIR WASHERIES AND POWER PRIVATE LIMITED	Director	27/04/2007	27/04/2007	-	Active	NO
8	U51909CT1996PTC021982	SIMCO CONSULTANTS PRIAVTE LIMITED	Director	01/02/2008	01/02/2008	-	Active	NO
9	U36109DL2008PTC179475	MAHAVIR BENEFICATION PRIVATE LIMITED	Managing director	23/01/2010	13/06/2008	-	Active	NO
10	U27106CT1995PLC009693	JAIN REROLLERS LIMITED	Director	01/09/2008	01/09/2008	-	Active	NO
11	U51310DL2008PTC183071	MAHAVIR MULTITRADE PRIVATE LIMITED	Director	09/09/2008	09/09/2008	26/03/2011	Active	NO
12	U10200DL2002PTC115155	KARTIKAY COAL WASHERIES PRIVATE LIMITED	Director	30/09/2011	25/02/2011	-	Active	NO
13	U51909WB2009PTC140196	LUMINA MARKETING PRIVATE LIMITED	Director	26/07/2011	26/07/2011	-	Under Process of Striking off	NO
14	U51909WB2008PTC130336	ROSEMARY COMMERCIAL PRIVATE LIMITED	Director	08/11/2011	08/11/2011	-	Active	NO
15	U51909WB2010PTC145823	ASHA DEALCOM PRIVATE LIMITED	Director	02/12/2011	02/12/2011	-	Active	NO
16	U52100WB2010PTC145605	PROMPT DEALTRADE PRIVATE LIMITED	Director	02/12/2011	02/12/2011	-	Active	NO
17	U27100DL2013PTC252349	MAHAVIR ARYAN INDUSTRIES PRIVATE LIMITED	Director	20/05/2013	20/05/2013	-	Active	NO

Name :

Mr. Satish Laxmichand Jain

Designation :

Director

Address :

A-13, Kranti Nagar, Bilaspur – 495001, Chhattisgarh, India

Date of Birth/Age :

20.10.1958

Date of Appointment :

24.01.2003

DIN No.:

00707392

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	U10101CT1991PTC006408	BUNDELKHAND SMOKELESS FUEL MILLS PRIVATE LIMITED	Director	12/10/2012	12/07/1991	-	Active	NO
2	U65900MH1998PTC117176	LAKHMI LEASING AND FINANCE PRIVATE LIMITED	Director	20/11/1998	20/11/1998	-	Active	NO
3	U10200DL2002PTC115155	KARTIKAY COAL WASHERIES PRIVATE LIMITED	Director	30/04/2002	30/04/2002	23/02/2009	Active	NO
4	U51909MH2002PLC138369	MAHAVIR GLOBAL COAL LIMITED	Director	24/01/2003	24/01/2003	-	Active	NO
5	U60231CT1995PTC010269	VARDHMAN ROAD LINES PRIVATE LIMITED	Director	17/03/2004	17/03/2004	01/10/2010	Active	NO
6	U45102MH2006PLC161175	MAHAVIR ENERGY AND COAL BENEFICATION LIMITED	Director	17/04/2006	17/04/2006	-	Active	NO
7	U45200MH2006PTC159253	JAGDAMBA TOWNSHIP PRIVATE LIMITED	Director	01/09/2006	01/09/2006	-	Active	NO
8	U10200MH2009PTC194420	MAHAVIR COAL CORPORATION PRIVATE LIMITED	Director	29/07/2009	29/07/2009	-	Active	NO

Name :

Mr. Vinod Kumar Jain

Designation :

Director

Address :

Mangalshri, Krantinagar, Bilaspur – 495001, Chhattisgarh, India

Date of Birth/Age :

01.06.1952

Date of Appointment :

30.09.2005

DIN No.:

00123795

PAN No.:

ADMPJ4042Q

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	U51909MH2002PLC138369	MAHAVIR GLOBAL COAL LIMITED	Director	30/09/2005	24/01/2003	-	Active	NO
2	U60231CT1995PTC010269	VARDHMAN ROAD LINES PRIVATE LIMITED	Director	01/02/2003	01/02/2003	-	Active	NO
3	U27102CT2003PTC015761	ARYAN ISPAT AND POWER PRIVATE LIMITED	Director	30/04/2003	30/04/2003	-	Active	NO
4	U04520CT2005PTC017721	GLOBAL ESTATES AND DEVELOPERS PRIVATE LIMITED	Director	17/06/2005	17/06/2005	-	Active	NO
5	U45102MH2006PLC161175	MAHAVIR ENERGY AND COAL BENEFICATION LIMITED	Director	17/04/2006	17/04/2006	-	Active	NO
6	U01122CT1988PTC004451	GAGAN FARMS PRIVATE LIMITED	Director	18/07/2006	18/07/2006	-	Active	NO
7	U10100DL2007PTC162663	MAHAVIR WASHERIES AND POWER PRIVATE LIMITED	Director	24/08/2007	24/08/2007	-	Active	NO
8	U80301MH2007PTC174724	Inspire Medical and education company Private Limited	Director	04/10/2007	04/10/2007	-	Active	NO
9	U45201MH2007PTC174889	Inspire Construction and Coal Private Limited	Director	10/10/2007	10/10/2007	-	Active	NO
10	U51909CT1996PTC021982	SIMCO CONSULTANTS PRIVATE LIMITED.	Director	01/02/2008	01/02/2008	-	Active	NO
11	U10100DL2007PTC162608	MAHAVIR COAL WASHERIES PRIVATE LIMITED	Director	03/03/2008	03/03/2008	-	Active	NO
12	U51909WB2009PTC140196	LUMINA MARKETING PRIVATE LIMITED	Director	26/07/2011	26/07/2011	-	Under Process of Striking off	NO

Name :

Mr. Parvin Kumar Jain

Designation :

Director

Address :

Palash, Krantinagar, Bilaspur – 495001, Chhattisgarh, India

Date of Birth/Age :

16.02.1949

Date of Appointment :

24.01.2003

DIN No.:

00124018

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	U15312CT1996PTC010849	SAGAR RICE MILL PRIVATE LIMITED	Director	21/05/1996	21/05/1996	03/03/2008	Active	NO
2	U51909MH2002PLC138369	MAHAVIR GLOBAL COAL LIMITED	Director	24/01/2003	24/01/2003	01/10/2010	Active	NO
3	U60231CT1995PTC010269	VARDHMAN ROAD LINES PRIVATE LIMITED	Director	01/02/2003	01/02/2003	01/10/2010	Active	NO
4	U40101CT2007PLC020248	PARAS POWER AND COAL BENEFICATION LIMITED	Director	11/04/2007	11/04/2007	-	Active	NO
5	U10101CT1991PTC006408	BUNDELKHAND SMOKELESS FUEL MILLS PRIVATE LIMITED	Director	01/12/2007	01/12/2007	-	Active	NO
6	U00142CT1991PTC006409	PRITEE FUELS AND FLAMES PRIVATE LIMITED	Director	01/12/2007	01/12/2007	-	Active	NO
7	U51109WB2008PTC121404	SAHIL DEALERS PRIVATE LIMITED	Director	02/02/2010	02/02/2010	-	Under Process of Striking off	NO

Name :

Mr. Rajesh Kumar Jain

Designation :

Director

Address :

Shri Homes Kolar Road, Bhopal – 462016, Madhya Pradesh, India

Date of Birth/Age :

07.07.1974

Date of Appointment :

24.01.2003

DIN No.:

00151703

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	U27106CT1995PLC009693	JAIN REROLLERS LIMITED	Director	25/07/1995	25/07/1995	-	Active	NO
2	U51909MH2002PLC138369	MAHAVIR GLOBAL COAL LIMITED	Director	24/01/2003	24/01/2003	01/10/2010	Active	NO
3	U60231CT1995PTC010269	VARDHMAN ROAD LINES PRIVATE LIMITED	Director	17/03/2004	17/03/2004	01/10/2010	Active	NO
4	U74994MP1998PTC022542	EVA FUELS PRIVATE LIMITED	Director	19/06/2006	19/06/2006	20/02/2010	Active	NO
5	U13204MP2008PTC020706	NIYATI COMMODITIES PRIVATE LIMITED	Director	14/05/2008	14/05/2008	-	Active	NO
6	U45209PN2012PTC142712	VIDHYA BHOOMI INFRACON PRIVATE LIMITED	Director	27/03/2012	27/03/2012	-	Active	NO
7	U45200MP2013PTC030363	SHANTI DHARA INFRA HOMES PRIVATE LIMITED	Director	21/03/2013	21/03/2013	-	Active	NO
8	U45200MP2013PTC030836	SHANTIDHARA INFRAESTATE PRIVATE LIMITED	Director	27/05/2013	27/05/2013	-	Active	NO

Name :

Mr. Ashish Kumar Jain

Designation :

Director

Address :

A-13, Krantinagar, Bilaspur – 495001, Chhattisgarh, India

Date of Birth/Age :

01.07.1976

Date of Appointment :

24.01.2003

DIN No.:

00707402

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	U27106CT1995PLC009693	JAIN REROLLERS LIMITED	Director	25/07/1995	25/07/1995	-	Active	NO
2	U51909MH2002PLC138369	MAHAVIR GLOBAL COAL LIMITED	Director	24/01/2003	24/01/2003	01/10/2010	Active	NO

Name :

Mr. Uttam Chand Jain

Designation :

Director

Address :

Behind Old Income Tax Office, Nai Basti, Katni – 483501, Madhya Pradesh, India

Date of Birth/Age :

14.09.1947

Date of Appointment :

24.01.2003

DIN No.:

00707404

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	U00142CT1991PTC006409	PRITEE FUELS AND FLAMES PRIVATE LIMITED	Director	29/04/1991	29/04/1991	-	Active	NO
2	U27106CT1995PLC009693	JAIN REROLLERS LIMITED	Director	09/11/1995	09/11/1995	-	Active	NO
3	U51909MH2002PLC138369	MAHAVIR GLOBAL COAL LIMITED	Director	24/01/2003	24/01/2003	01/10/2010	Active	NO
4	U60231CT1995PTC010269	VARDHMAN ROAD LINES PRIVATE LIMITED	Director	17/03/2004	17/03/2004	01/10/2010	Active	NO
5	U14200MH2008PTC184905	Mahavir Coal Resources Private Limited	Director	22/07/2008	22/07/2008	-	Active	NO
6	U51909WB2007PTC112869	LUPINE COMMODITIES PRIVATE LIMITED	Director	16/09/2009	16/09/2009	-	Active	NO
7	U51109WB2007PTC119867	TORRENT VINIMAY PRIVATE LIMITED	Director	14/05/2010	14/05/2010	-	Active	NO

Name :

Mr. Akash Kumar Jain

Designation :

Director

Address :

Mangalshree, Near Jain Mandir, Kranti Nagar, Bilaspur – 495001, Chhattisgarh, India

Date of Birth/Age :

18.06.1975

Date of Appointment :

24.01.2003

DIN No.:

00707413

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	U51909MH2002PLC138369	MAHAVIR GLOBAL COAL LIMITED	Director	24/01/2003	24/01/2003	01/10/2010	Active	NO
2	U02310MP2004PTC017217	UNIQUE COAL PRIVATE LIMITED	Director	04/12/2007	04/12/2007	-	Active	NO
3	U74994MP1998PTC022542	EVA FUELS PRIVATE LIMITED	Additional director	09/04/2012	09/04/2012	-	Active	NO

Name :

Mr. Prashant Jain

Designation :

Director

Address :

Palash, Krantinagar, Bilaspur – 495001, Chhattisgarh, India

Date of Birth/Age :

01.03.1980

Date of Appointment :

01.03.1980

DIN No.:

00707421

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	U51909MH2002PLC138369	MAHAVIR GLOBAL COAL LIMITED	Director	24/01/2003	24/01/2003	01/10/2010	Active	NO
2	U40101CT2007PLC020248	PARAS POWER AND COAL BENEFICATION LIMITED	Director	11/04/2007	11/04/2007	-	Active	NO
3	U51109WB2008PTC121404	SAHIL DEALERS PRIVATE LIMITED	Director	02/02/2010	02/02/2010	-	Under Process of Striking off	NO
4	U51391CT2010PTC021587	VIRGO CLUSTER LIFESTYLE PRODUCTS AND SERVICES PRIVATE LIMITED	Director	10/02/2010	10/02/2010	-	Active	NO
5	U45209PN2012PTC142712	VIDHYA BHOOMI INFRACON PRIVATE LIMITED	Director	27/03/2012	27/03/2012	-	Active	NO
6	U10101CT1991PTC006408	BUNDELKHAND SMOKELESS FUEL MILLS PRIVATE LIMITED	Director	30/06/2012	30/06/2012	-	Active	NO

MAJOR SHAREHOLDERS

As on: 29.09.2011

NOTE: SHAREHOLDING DETAILS FILE ATTACHED

As on: 31.03.2012

Names of Allottees	No. of Shares
Lumina Marketing Private Limited	54000
Total	54000

Equity Share Break up (Percentage of Total Equity)

As on: 29.09.2011

Category	Percentage
Bodies corporate	34.54
Directors or relatives of Directors	48.25
Other top fifty shareholders	17.21
Total	100.00

BUSINESS DETAILS

Line of Business :	Trader of Coal.
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

GENERAL INFORMATION

Customers :

End Users

No. of Employees :

70 (Approximately)

Bankers :

Axis Bank, Belapur, Chhattisgarh, India

Tel No.: 91-7752-409651

Facilities :

(Rs. In Millions)

Secured Loan	As on 31.03.2012	As on 31.03.2011
LONG TERM BORROWINGS
Term loans from banks	15.996	36.123
SHORT TERM BORROWINGS
Working capital loans from banks	150.229	149.670
Total	166.225	185.793

Banking Relations :	--
Financial Institution :	Srei Infrastructure Finance Limited, Vishwakarma, 86C,Topsia Road (South), Kolkata - 700046, West Bengal, India
Auditors :
Name :	Shwe Ta Mazumdar and Company Chartered Accountants
Address :	Link Road, Bilaspur, Chhattisgarh, India
PAN No.:	AILPM5119P
Related Parties :	· Paras Power and Coal Benefication Limited CIN No.: U40101CT2007PLC020248 · Mahavir Coal Resources Private Limited CIN No.: U14200MH2008PTC184905 · Indian Enterprises · Mahavir Energy and Coal Benefication Limited CIN No.: U45102MH2006PLC161175 · Niyati Commodities Private Limited CIN No.: U13204MP2008PTC020706 · Mahavir Benefication Private Limited CIN No.: U36109DL2008PTC179475 · Eva Fuels Private Limited CIN No.: U74994MP1998PTC022542c · Arihant Coal Traders, Bilaspur · Inspire Industries Private Limited CIN No.: U13100CT2007PTC020463 · Mahavir Coal Washeries Private Limited CIN No.: U10100DL2007PTC162608 · Inspire Medical and education company Private Limited CIN No.: U80301MH2007PTC174724 · Jain Rerollers Limited CIN No.: U27106CT1995PLC009693 · Vardhman Road Lines Private Limited CIN No.: U60231CT1995PTC010269 · Mahavir Multitrade Private Limited

CAPITAL STRUCTURE

As on: 31.03.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
35000000	Equity Shares	Rs.10/- each	Rs.350.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
25219400	Equity Shares	Rs.10/- each	Rs.252.194 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	252.194	251.654
(b) Reserves & Surplus	513.404	435.735
(c) Money received against share warrants	0.000	10.000
(2) Share Application money pending allotment	0.000	0.000
Total Shareholders’ Funds (1) + (2)	765.598	697.389
(3) Non-Current Liabilities
(a) long-term borrowings	106.728	551.941
(b) Deferred tax liabilities (Net)	4.848	6.234
(c) Other long term liabilities	0.000	0.000
(d) long-term provisions	0.000	0.000
Total Non-current Liabilities (3)	111.576	558.175
(4) Current Liabilities
(a) Short term borrowings	151.624	180.761
(b) Trade payables	206.070	223.134
(c) Other current liabilities	140.997	82.410
(d) Short-term provisions	7.866	10.859
Total Current Liabilities (4)	506.557	497.164
TOTAL	1383.731	1752.728
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	55.699	65.973
(ii) Intangible Assets	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	719.055	451.474
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	5.630	455.630
(e) Other Non-current assets	0.682	0.682
Total Non-Current Assets	781.066	973.759
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	1.133	1.622
(c) Trade receivables	395.533	469.208
(d) Cash and cash equivalents	41.444	13.527
(e) Short-term loans and advances	164.021	236.234
(f) Other current assets	0.534	58.378
Total Current Assets	602.665	778.969
TOTAL	1383.731	1752.728

SOURCES OF FUNDS		31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		251.654
2] Share Application Money		0.000
3] Reserves & Surplus		313.700
4] (Accumulated Losses)		0.000
NETWORTH		565.354
LOAN FUNDS
1] Secured Loans		208.256
2] Unsecured Loans		45.742
TOTAL BORROWING		253.998
DEFERRED TAX LIABILITIES		7.365
TOTAL		826.717
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		89.167
Capital work-in-progress		0.000
INVESTMENT		413.697
DEFERREX TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	1.720
	Sundry Debtors	530.874
	Cash & Bank Balances	0.109
	Other Current Assets	23.572
	Loans & Advances	111.230
Total Current Assets		667.505
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	332.909
	Other Current Liabilities	2.801
	Provisions	7.942
Total Current Liabilities		343.652
Net Current Assets		323.854
MISCELLANEOUS EXPENSES		0.000
TOTAL		826.717

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income	1550.006	1363.986	1154.791
		Other Income	54.363	170.526	13.306
		TOTAL (A)	1604.369	1534.512	1168.097
Less	EXPENSES
		Cost of materials consumed	1415.671	1256.638	1033.093
		Changes in inventories of finished goods, work-in-progress and stock-in-trade	0.490	0.098
		Employee benefit expense	1.932	5.511
		Other expenses	48.388	61.915
		TOTAL (B)	1466.481	1324.162	1033.093
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		137.888	210.350	135.004
Less	FINANCIAL EXPENSES (D)		29.480	28.354	26.651
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		108.408	181.996	108.353
Less/ Add	DEPRECIATION/ AMORTISATION (F)		7.266	11.391	15.645
	PROFIT BEFORE TAX (E-F) (G)		101.142	170.605	92.708
Less	TAX (H)		28.332	48.571	27.621
	PROFIT AFTER TAX (G-H) (I)		72.810	122.034	65.087
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		358.713	236.679	171.592
	BALANCE CARRIED TO THE B/S		431.523	358.713	236.679
	Earnings Per Share (Rs.)		2.89	4.85	2.59

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	4.54	7.95	5.57
Net Profit Margin (PBT/Sales)	(%)	6.53	12.51	8.03
Return on Total Assets (PBT/Total Assets}	(%)	15.22	13.11	12.25
Return on Investment (ROI) (PBT/Networth)		0.13	0.24	0.16
Debt Equity Ratio (Total Debt /Networth)		0.34	1.05	0.45
Current Ratio (Current Asset/Current Liability)		1.19	1.57	1.94

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	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	----------------------
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	Yes
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	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

NOTE: The registered office of the company has been shifted from Plot No. 7, Nawab Apartments, Nawab Layout, Tilak Nagar, Nagpur – 440010, Maharashtra, India to present address w.e.f.20.10.2009.

UNSECURED LOAN:

(Rs. in Millions)

Particulars	As on 31.03.2012	As on 31.03.2011
LONG TERM BORROWINGS
Term loans from others	90.732	515.818
SHORT TERM BORROWINGS
Other loans and advances, others	1.395	31.092
Total	92.127	546.910

INDEX OF CHARGES:

S. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10375417	07/09/2012	810,000,000.00	SREI INFRASTRUCTURE FINANCE LIMITED	VISHWAKARMA, 86C, TOPSIA ROAD (SOUTH), KOLKATA, West Bengal - 700046, INDIA	B57652232
2	10352070	16/03/2012	900,000,000.00	SREI INFRASTRUCTURE FINANCE LIMITED	VISHWAKARMA, 86C, TOPSIA ROAD (SOUTH), KOLKATA, West Bengal - 700046, INDIA	B38335188
3	10212888	23/03/2010	30,000,000.00	UCO BANK BILASPUR BRANCH	M.V. MARKET, TELIPARA ROAD, BILAPSUR, Chhattisgarh - 495001, INDIA	A83403261
4	10138608	29/12/2009 *	45,000,000.00	UNION BANK OF INDIA	SUBHASH CHOWK, KATNI, Madhya Pradesh - 483501, INDIA	A77237154
5	10064332	10/07/2007	300,000,000.00	UCO BANK BILASPUR BRANCH	M.V. MARKET, TELIPARA ROAD, NEAR BUS STAND, BILASPUR, Chhattisgarh - 495001, INDIA	A21530746
6	80049492	27/03/2006	94,800,000.00	BANK OF INDIA	S.V. PATEL MARG, KING'S WAY, NAGPUR, Maharashtra - 440001, INDIA	-
7	80049511	27/03/2006	94,800,000.00	BANK OF INDIA	S.V. PATEL MARG, KING'S WAY, NAGPUR, Maharashtra - 440001, INDIA	-
8	90145327	20/02/2008 *	350,000,000.00	UCO BANK BILASPUR BRANCH	M.V. MARKET, TELIPARA ROAD, BILASPUR, Chhattisgarh - 495001, INDIA	A34201228
9	90149548	20/02/2008 *	350,000,000.00	UCO BANK BILASPUR BRANCH	M.V. MARKET, TELIPARA ROAD, BILASPUR, Chhattisgarh - 495001, INDIA	A34201277

* Date of charge modification

FIXED ASSETS:

· Land

· Buildings

· Plant and equipment

· Factory equipments

· Furniture and fixtures

· Vehicles

CMT REPORT (Corruption, Money Laundering & Terrorism]

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

1] INFORMATION ON DESIGNATED PARTY

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

2] Court Declaration :

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

3] Asset Declaration :

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

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

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

Charges or investigation registered against subject: None

7] Criminal Records

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

8] Affiliation with Government :

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

9] Compensation Package :

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

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

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

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

CONTRAVENTION

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

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.64.22
UK Pound	1	Rs.100.83
Euro	1	Rs.85.21

INFORMATION DETAILS

Information Gathered by :	PLK
Report Prepared by :	RAJ

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	4
--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		42

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.