MIRA INFORM REPORT

Report Date :

14.04.2014

IDENTIFICATION DETAILS

Name :	JYOTIRMOYEE INTERNATIONAL PRIVATE LIMITED
Registered Office :	Q – 6, Civil Township, Rourkela - 769004, Orrisa
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	27.10.2008
Com. Reg. No.:	15-010397
Capital Investment / Paid-up Capital :	Rs.18.600 Millions
CIN No.: [Company Identification No.]	U51420OR2008PTC010397
TAN No.: [Tax Deduction & Collection Account No.]	BBNJ00490A
PAN No.: [Permanent Account No.]	AACCJ0893P
Legal Form :	Private Limited Liability Company
Line of Business :	Supplying complete mineral beneficiation equipments and offering solutions for installation.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

B (27)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 111000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clean
Comments :	Subject is an established company having moderate track record. The rating reflects moderate financial risk profile marked by small scale of business operation and low reserves of the company. However, trade relations are fair. Business is active. Payment terms are slow but correct. The company can be considered for business dealing with some caution.

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 – December 1, 2013

Country Name	Previous Rating (30.09.2013)	Current Rating (01.12.2013)
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 for the fiscal third quarter ended September 2013 narrowed to $4.2 billion or 0.9 % of the gross domestic product from $31.9 billion or 6.5 % of GDP a year earlier, thanks to a pick-up in exports and moderation in gold imports. Manufacturing activity and new orders in India showed their strongest growth in a year in February. The news comes as a relief after data showed Asia’s third largest economy grew by a slower-than-expected 4.7 % annually in the three months through December. The HSBC Manufacturing Purchasing Managers’ Index which gauges the business activity of India’s factories but not its’ utilities, rose to 52.5 in February, its highest in a year from 51.4 in January. Overall new orders for factory goods which rose to a one-year high of 54.9 contributed to the surge. China has emerged as India’s biggest trading partner in the current financial year replacing the United Arab Emirates and pushing it to the third spot. India-China trade has reached $49.5 billion with a 8.7 % share in India’s total trade. The US comes second at $46 billion with 8.1 % share during the first nine months of the current financial year.

The Reserve Bank of India has granted an additional nine months to the public to exchange currency notes printed before 2005 including Rs 500 and Rs 1,000 denominations, pushing the deadline to January 1, 2015. A day before dates for the Lok Sabha polls were announced, the government decided to hike interest rates on fixed deposit schemes offered by post offices up to 0.2 per cent. The new rates will be effective April, 1. The Supreme Court will resume hearing on March, 11 Nokia’s appeal against a ruling over transferring ownership of its local mobile phones plant which is the subject of a tax dispute to Microsoft Corp.

In the last days of the current Government, another scam has surfaced. The defence ministry has ordered a probe into Hindustan Aeronautics Limited’s contracts from Britain’s Rolls-Royce Holdings worth at least $ 1.2 billion. The Central Bureau of Investigation will look into allegations that over $80 million was paid in kickbacks in a deal signed in 2011. India has asked Boeing Co. to find a solution for problems with state-owned Air India’s 787 Dreamliners. The aircraft has experienced a series of malfunctions since its debut in 2011.

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 DENIED BY

Name :	Mr. Sambit Sarangi
Designation :	Finance Head
Contact No.:	91-9432011744
Date :	09.04.2014

LOCATIONS

Registered Office :	Q – 6, Civil Township, Rourkela - 769004, Orrisa, India
Tel. No. :	Not Available
Mobile No. :	91-9432011744 (Mr. Sambit Sarangi)
Fax No. :	Not Available
E-Mail :	ssarangi@allmineral.asia office@jyotirmoyee.in
Corporate Office :	9B and 10B, Sukhtara Towers, 12-A, Greenfield Heights, New Town, Rajarhat, Kolkata – 700156, West Bengal, India

DIRECTORS

As on 10.09.2013

Name :

Mr. Mishra Chandra Prakash

Designation :

Director

Address :

9B and 10 B, Suktara Towers, Greenfield Heights, New Town, Rajarhat, Kolkata – 700156, West Bengal, India

Date of Birth/Age :

25.12.1939

Date of Appointment :

27.10.2008

PAN No. :

ADKPM7026P

DIN No.:

02352177

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	U51420OR2008PTC010397	JYOTIRMOYEE INTERNATIONAL PRIVATE LIMITED	Director	27/10/2008	27/10/2008	-	Active	NO
2	U29253WB2010PTC150843	JYOTIRMOYEE MACHINES PRIVATE LIMITED	Director	30/06/2010	30/06/2010	-	Active	NO

Name :

Mr. Mishra Sabyasachi

Designation :

Director

Address :

9B and 10 B, Suktara Towers, Greenfield Heights, New Town, Rajarhat, Kolkata – 700156, West Bengal, India

Date of Birth/Age :

16.09.1967

Date of Appointment :

27.10.2008

PAN No.:

ADBPN5171G

DIN No.:

00233852

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	L27102OR2006PLC008594	OCL IRON AND STEEL LIMITED	Director	17/05/2009	20/02/2006	17/02/2010	Active	NO
2	U67120DL1995PTC215206	KIRAN RESOURCES Private Limited	Director	01/03/2006	01/03/2006	26/06/2010	Active	NO
3	L29299OR1948PLC000713	HARI MACHINES LIMITED.	Managing director	15/05/2009	07/12/2006	-	Active	NO
4	U51420OR2008PTC010397	JYOTIRMOYEE INTERNATIONAL PRIVATE LIMITED	Director	27/10/2008	27/10/2008	-	Active	NO
5	U11200WB2008PTC130315	ALLMINERAL ASIA PRIVATE LIMITED	Managing director	11/06/2009	06/11/2008	-	Active	NO
6	U67120WB1978PTC031368	NAVNEET TRADING & INVESTMENT CO PVT LTD	Director	02/03/2010	02/03/2010	-	Active	NO
7	U74900WB2010PTC143321	HAZEMAG INDIA PRIVATE LIMITED	Director	11/03/2010	11/03/2010	-	Active	NO
8	U29253WB2010PTC150843	JYOTIRMOYEE MACHINES PRIVATE LIMITED	Director	30/06/2010	30/06/2010	-	Active	NO
9	U13100WB2010PTC153241	PRO MINERALS PRIVATE LIMITED	Director	21/09/2010	21/09/2010	-	Active	NO
10	U51109WB1990PTC049414	AAYUSH MANUFACTURERS & FINANCIERS PVT.LTD.	Director	27/01/2011	27/01/2011	-	Active	NO
11	U67120WB1995PTC110837	T R INVESTMENTS PRIVATE LIMITED	Director	28/01/2011	28/01/2011	13/08/2013	Active	NO
12	U74900WB2011PTC160354	CEMTEC INDIA PRIVATE LIMITED	Director	07/03/2011	07/03/2011	-	Active	NO
13	U70109WB1993PTC060083	SHIVSHAKTI COMMUNICATION & INVESTMENT PVT LTD	Director	25/08/2011	25/08/2011	-	Active	NO
14	U74999WB2011PTC168478	Steel Plantech Engineering India Private Limited	Director	13/10/2011	13/10/2011	-	Active	NO
15	U74140WB2011PTC171095	VSP Business Solutions India Private Limited	Director	22/12/2011	22/12/2011	-	Active	NO
16	U51909WB1989PTC047900	RITESHWARI TRADING & INVESTMENTS PVT LTD	Director	30/07/2013	30/07/2013	-	Active	NO
17	U52100WB2011PTC158145	PINAKINI MERCANTILE PRIVATE LIMITED	Director	30/07/2013	30/07/2013	-	Active	NO
18	U51101WB2010PTC142948	GENUINE DEALCOMM PRIVATE LIMITED	Director	13/08/2013	13/08/2013	-	Active	NO

Name :

Mr. Agrawal Kumar Kailash

Designation :

Director

Address :

12A, Sandhyatara Towers, Greenfield Heights, Newtown, Rajarhat, Kolkata -700156, West Bengal, India

Date of Birth/Age :

10.07.1963

Date of Appointment :

30.09.2009

PAN No.:

AAHPJ3538P

DIN No.:

02393634

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	U51420OR2008PTC010397	JYOTIRMOYEE INTERNATIONAL PRIVATE LIMITED	Director	30/09/2009	04/11/2008	-	Active	NO
2	U11200WB2008PTC130315	ALLMINERAL ASIA PRIVATE LIMITED	Alternate director	11/02/2014	28/11/2008	-	Active	NO
3	U67120WB1978PTC031368	NAVNEET TRADING & INVESTMENT CO PVT LTD	Director	02/03/2010	02/03/2010	-	Active	NO
4	U74900WB2010PTC143321	HAZEMAG INDIA PRIVATE LIMITED	Alternate director	11/02/2014	22/03/2010	-	Active	NO
5	U27109WB1995PTC067578	KHAITAN UDYOG PVT LTD	Director	29/01/2011	29/01/2011	13/08/2013	Active	NO
6	U24233WB1996PTC076723	NOBEL CONSULTANCY PVT LTD	Director	30/01/2011	30/01/2011	-	Active	NO
7	U74900WB2011PTC160354	CEMTEC INDIA PRIVATE LIMITED	Alternate director	12/12/2013	01/04/2011	20/02/2014	Active	NO
8	U74140WB2010PTC142325	CONFIRM DEVELOPERS CONSULTANTS PRIVATE LIMITED	Director	24/08/2011	24/08/2011	-	Active	NO
9	U52190WB2011PTC158234	ACHINTYA TRADING PRIVATE LIMITED	Director	30/07/2013	30/07/2013	-	Active	NO
10	U45400WB2009PTC133461	JAGANNATH ABASAN PRIVATE LIMITED	Director	13/08/2013	13/08/2013	-	Active	NO

Name :

Mr. Misra Satyabrata

Designation :

Director

Address :

16A, Suktara Towers, Greenfield Heights, New Town, Rajarhat, Kolkata – 700156, West Bengal, India

Date of Birth/Age :

02.01.1974

Date of Appointment :

30.09.2008

PAN No.:

ABXPM8430G

DIN No.:

01248858

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	U67120DL1995PTC215206	KIRAN RESOURCES Private Limited	Director	01/02/2007	01/02/2007	26/06/2010	Active	NO
2	U51420OR2008PTC010397	JYOTIRMOYEE INTERNATIONAL PRIVATE LIMITED	Director	30/09/2009	04/11/2008	-	Active	NO
3	U11200WB2008PTC130315	ALLMINERAL ASIA PRIVATE LIMITED	Alternate director	11/02/2014	20/03/2009	-	Active	NO
4	U67120WB1978PTC031368	NAVNEET TRADING & INVESTMENT CO PVT LTD	Director	20/09/2010	20/09/2010	-	Active	NO
5	U13100WB2010PTC153241	PRO MINERALS PRIVATE LIMITED	Director	30/09/2011	28/09/2010	-	Active	NO
6	U27109WB1995PTC067578	KHAITAN UDYOG PVT LTD	Director	29/01/2011	29/01/2011	-	Active	NO
7	U24233WB1996PTC076723	NOBEL CONSULTANCY PVT LTD	Director	30/01/2011	30/01/2011	13/08/2013	Active	NO
8	U45400WB2009PTC133461	JAGANNATH ABASAN PRIVATE LIMITED	Director	25/08/2011	25/08/2011	-	Active	NO
9	U74999WB2011PTC168478	Steel Plantech Engineering India Private Limited	Director	13/10/2011	13/10/2011	28/11/2011	Active	NO
10	U51909WB1989PTC047900	RITESHWARI TRADING & INVESTMENTS PVT LTD	Director	30/07/2013	30/07/2013	-	Active	NO
11	U52190WB2011PTC158234	ACHINTYA TRADING PRIVATE LIMITED	Director	30/07/2013	30/07/2013	-	Active	NO
12	U70109WB1993PTC060083	SHIVSHAKTI COMMUNICATION & INVESTMENT PVT LTD	Director	09/08/2013	09/08/2013	-	Active	NO
13	U74140WB2010PTC142325	CONFIRM DEVELOPERS CONSULTANTS PRIVATE LIMITED	Director	09/08/2013	09/08/2013	-	Active	NO

Name :

Mr. Alok Agrawal

Designation :

Director

Address :

Bunglow No.4C, OCL, Colony, Rajgangpur, Sundargarh – 770017 Orissa, India

Date of Birth/Age :

29.09.1976

Date of Appointment :

30.09.2009

PAN No.:

AFKPA2367R

DIN No.:

01248875

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	U67120DL1995PTC215206	KIRAN RESOURCES Private Limited	Director	01/02/2007	01/02/2007	26/06/2010	Active	NO
2	U51420OR2008PTC010397	JYOTIRMOYEE INTERNATIONAL PRIVATE LIMITED	Director	30/09/2009	04/11/2008	-	Active	NO
3	U70101OR2009PTC010874	ALFA CITYINFRA PRIVATE LIMITED	Director	24/06/2009	24/06/2009	14/01/2010	Active	NO
4	U13100WB2009PTC138004	NARMADA RIVERS RESOURCES PRIVATE LIMITED	Director	26/08/2009	26/08/2009	20/05/2010	Active	NO
5	U67120WB1978PTC031368	NAVNEET TRADING & INVESTMENT CO PVT LTD	Director	20/09/2010	20/09/2010	-	Active	NO
6	U51109WB1990PTC049414	AAYUSH MANUFACTURERS & FINANCIERS PVT.LTD.	Director	27/01/2011	27/01/2011	13/08/2013	Active	NO
7	U67120WB1995PTC110837	T R INVESTMENTS PRIVATE LIMITED	Director	28/01/2011	28/01/2011	-	Active	NO
8	U51101WB2010PTC142948	GENUINE DEALCOMM PRIVATE LIMITED	Director	18/08/2011	18/08/2011	-	Active	NO
9	U52100WB2011PTC158145	PINAKINI MERCANTILE PRIVATE LIMITED	Director	30/07/2013	30/07/2013	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Sambit Sarangi
Designation :	Finance Head

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 10.09.2013

Names of Shareholders (Equity shares)	No. of Shares
Misra Chandra Prakash	4000
Misra Sabyasachi	98000
Misra Satyabrata	51000
Agrawal Kumar Kailash	51000
Alok Agrawal	51000
Raghi Hari Dalmia	42500
Gaurav Dalmia Jt. Abha Dalmia, Trustees of Mridu Hari Dalmia Parivar Trust	42500
Total	340000

Names of Shareholders (Preferences Shares)	No. of Shares
Misra Sabyasachi	760000
Misra Satyabrata	380000
Alok Agrawal	380000
Total	1520000

As on 10.09.2013

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Directors or relatives of Directors	95.00
Other top fifty shareholders	5.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Supplying complete mineral beneficiation equipments and offering solutions for installation.

GENERAL INFORMATION

No. of Employees :

Not Divulged

Bankers :

· State Bank of India, Commercial branch, Rourkela – 769001, Orissa, India

· Axis Bank Limited, Corporate Banking Branch (CBB), 1, Shakespeare Sarani, AC Market 3^rd Floor, Kolkata – 700071, West Bengal, India

Facilities :

SECURED LOANS	31.03.2013 (Rs. In Millions)	31.03.2012 (Rs. In Millions)
LONG TERM BORROWINGS
Term loan from bank
State Bank of India	11.250	16.250
Total	11.250	16.250

NOTE:

Term loan from State bank of India carries interest @ 12.85% p.a. The loan is repayable in 20 quarterly installments of Rs.1.250 millions each exclusive of interest, from 30.6.2011. The loan is secured by way of equitable mortgage over the company's property at Unit - 603, Eco space New Town Rajarhat Kolkata and Collaterally secured by Equitable mortgage over land of Ac 11.94 dec (Khata No. 174 and 237/28, 7 Plots) at village - Jharbeda, PS/Tehsil: Rajgangpur, Orissa, in the name of the company and Fixed deposit of Rs. 0.60 crore in the name of M/S Allmineral Asia Private Limited The period of maturity as on the balance sheet is 3 years.

Banking Relations :	--
Auditors :
Name :	Tibrewal Chand and Company Chartered Accountants
Address :	1^st Floor, KK – 5, Civil Township, Rourkela – 769004, Orissa, India
Tel. No. :	91-661-6450741
Fax No. :	91-661-2665255
PAN No. :	AABFT8363L

CAPITAL STRUCTURE

As on 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
1000000	Equity Shares	Rs.10/- each	Rs.10.000 Millions
2000000	Preferences Shares	Rs.10/- each	Rs.20.000 Millions
	Total		Rs.30.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
340000	Equity Shares	Rs.10/- each	Rs.3.400 Millions
1520000	Preferences Shares	Rs.10/- each	Rs.15.200 Millions
	Total		Rs.18.600 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013	31.03.2012	31.03.2011
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	18.600	18.600	2.500
(b) Reserves & Surplus	9.091	2.675	(3.248)
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	27.691	21.275	(0.748)
(3) Non-Current Liabilities
(a) long-term borrowings	27.897	32.901	32.002
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	27.897	32.901	32.002
(4) Current Liabilities
(a) Short term borrowings	0.096	0.200	16.278
(b) Trade payables	0.000	0.000	0.000
(c) Other current liabilities	16.747	11.613	15.824
(d) Short-term provisions	0.000	0.000	0.000
Total Current Liabilities (4)	16.843	11.813	32.102
TOTAL	72.431	65.989	63.356
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	38.799	41.369	44.417
(ii) Intangible Assets	0.049	0.000	0.000
(iii) Capital work-in-progress	0.295	0.295	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	8.623	8.623	6.803
(c) Deferred tax assets (net)	1.904	0.458	0.000
(d) Long-term Loan and Advances	0.247	3.447	0.247
(e) Other Non-current assets	0.036	0.071	0.107
Total Non-Current Assets	49.953	54.263	51.574
(2) Current assets
(a) Current investments	9.000	8.999	0.000
(b) Inventories	0.000	0.000	0.000
(c) Trade receivables	0.000	0.000	0.000
(d) Cash and cash equivalents	10.603	1.382	1.365
(e) Short-term loans and advances	2.875	1.335	10.417
(f) Other current assets	0.000	0.010	0.000
Total Current Assets	22.478	11.726	11.782
TOTAL	72.431	65.989	63.356

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	15.707	15.393	1.577
		Other Income	0.000	0.000	0.000
		TOTAL	15.707	15.393	1.577
Less	EXPENSES
		Extraordinary Item		0.007	0.000
		Other expenses		1.557	0.870
		TOTAL	7.858	1.564	0.870
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		(Including Financial)	13.829	0.707
Less	FINANCIAL EXPENSES			5.116	2.448
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		7.849	8.713	-1.741
Less/ Add	DEPRECIATION/ AMORTISATION		2.879	3.247	0.834
	PROFIT/ (LOSS) BEFORE TAX		4.970	5.466	(2.575)
Less	TAX		(1.446)	(0.457)	0.000
	PROFIT/ (LOSS) AFTER TAX		6.416	5.923	(2.575)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		1.155	(3.248)	(0.673)
Less	APPROPRIATIONS
		Transfer to General Reserve	1.520	1.520	0.000
	BALANCE CARRIED TO THE B/S		6.051	1.155	(3.248)
	Earnings / (Loss) Per Share (Rs.)		19.74	18.23	(10.30)

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	40.85	38.48	(163.28)
Net Profit Margin (PBT/Sales)	(%)	31.64	35.51	(163.28)
Return on Total Assets (PBT/Total Assets}	(%)	8.07	9.66	(4.55)
Return on Investment (ROI) (PBT/Networth)		0.18	0.26	3.44
Debt Equity Ratio (Total Debt/Networth)		1.01	1.56	(64.55)
Current Ratio (Current Asset/Current Liability)		1.33	0.99	0.37

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	2.500	18.600	18.600
Reserves & Surplus	(3.248)	2.675	9.091
Net worth	(0.748)	21.275	27.691
long-term borrowings	32.002	32.901	27.897
Short term borrowings	16.278	0.200	0.096
Total borrowings	48.280	33.101	27.993
Debt/Equity ratio	(64.545)	1.556	1.011

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	1.577	15.393	15.707
		876.094	2.040

NET PROFIT MARGIN

Net Profit Margin	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	1.577	15.393	15.707
Profit	(2.575)	5.923	6.416
	(163.28%)	38.48%	40.85%

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	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	No
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	No
20]	Export / Import details (if applicable)	No
21]	Market information	-----
22]	Litigations that the firm / promoter involved in	-----
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	-----
26]	Buyer visit details	-----
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

UNSECURED LOANS

PARTICULAR	31.03.2013 (Rs. In Millions)	31.03.2012 (Rs. In Millions)
LONG TERM BORROWINGS
Loans
From Body Corporate	16.647	16.651
SHORT TERM BORROWINGS
Loans and advance from Directors	0.096	0.200
Total	16.743	16.851
NOTE: Unsecured Loan is from Navneet Investment and Trading (Private) Limited and carries interest @ 9% p.a. The loan is repayable after more than 12 months from balance sheet date.

INDEX OF CHARGES

.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10429480	17/09/2013 *	356,000,000.00	AXIS BANK LIMITED	CORPORATE BANKING BRANCH (CBB), 1, SHAKESPEARE SARANI, AC MARKE, 3RD FLOOR, KOLKATA, West Bengal - 700071, INDIA	B87269270

* Date of charge modification

BUSINESS PERFORMANCE

During the year the Company has received an order worth of Rs.260 crores from Surana Industries Limited, Karnataka for supply of equipment for their 450 TPH iron ore beneficiation plant and palatalization plant.

FIXED ASSETS

œ Land

œ Building

œ Furniture and fixture

œ Office Equipment

œ Computer Software

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] 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.60.28
UK Pound	1	Rs.101.10
Euro	1	Rs.83.74

INFORMATION DETAILS

Information Gathered by :	HNA
Analysis Done by :	KAR
Report Prepared by :	ANK

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		27

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.