MIRA INFORM REPORT

Report Date :

16.08.2014

IDENTIFICATION DETAILS

Name :	TJSV STEEL FABRICATION AND GALVANIZING (INDIA) LIMITED
Formerly Known As :	TJSV STEEL FABRICATION AND GALVANIZING (INDIA) LIMITED (w.e.f. 13.03.2012) TJSV PETROLIUM PRODUCTS LIMITED (w.e.f. 09.12.2008) TJSV PETROLIUM PRODUCTS PRIVATE LIMITED (w.e.f. 09.12.2008)
Registered Office :	TC 21/497, Makkal Lane, Kanattukara Post, Ayyanthol, Thrissur—680011, Kerala
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	21.04.2008
Com. Reg. No.:	09-022286
Capital Investment / Paid-up Capital :	Rs. 149.924 Millions
CIN No.: [Company Identification No.]	U28112KL2008PLC022286
PAN No.: [Permanent Account No.]	AADCT0557D
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Provides Technical Support on Today's Innovative Applications.
No. of Employees :	Information decline by the management.

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

Status :	Satisfactory
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track record. A reserve of the company is low. However, the rating takes into consideration company’s improved operational performance supported by fair profitability achieved from its operational activities and decent capital base of the company. Trade relations are fair. Business is active. Payment terms are reported to be slow but correct. The Company can be considered for business dealings at usual trade terms and condition.

NOTES :

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

ECGC Country Risk Classification List – June 1, 2014

Country Name	Previous Rating (31.03.2014)	Current Rating (01.06.2014)
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

N E W S

As per the latest IMF study, the total weigh of emerging markets in the GDP of the world on a purchasing power parity basis has seen a sizeable shift. It highlights how as against 51 % in 2005, the emerging economies now account for close to 56 % of the global purchasing power GDP as per the latest survey. And with the emerging economies growing at a faster rate than their developed counterparts, there are every possibility that the their share goes up further in the coming years.  China may surpass the US over the next few years.

Politics and economics are very intricately connected. They tend to influence each other in ways that could be very complex and far-reaching. The prospects of the India’s economy have been seriously compromised due to political corruption. High inflation, poor standard of living are to a great extent a result of rampant corruption in the country. China on the other hand, seems to be facing diametrically opposite challenge. American hedge fund manager Jim Chanos has been keenly following the political and economic development in the dragon economy and has figured out something that is quite worrying. He is of the view that the Chinese economy could be heading toward trouble on account of new Chinese President Xi Jingping’s very aggressive anti-corruption drive. Chanos believes tat many things such as apartment sales, luxury products, etc. were largely bought with dirty money. And it is now beginning to impact consumption. This may indeed be bad news for an economy that is struggling to transition from an investment-driven export-oriented economy to a domestic consumption-driven economy.

A study published by Firstpost has revealed that asset classes like real estate and equities were the biggest beneficiaries of the liberalization policies.  A firm called Ciane Analytics studied returns from assets including equities, gold, fixed deposits, G-Secs and real estate since 1991. Real estate outperformed every other asset classes during the 23-year period with an annualized return of 20 % ! Equities came in second with annualized return of 15.5 % ! However, while these returns may seem mouthwatering, the fact is that the return from equities adjusted for inflation came down to just 7.1 %.

Some brief news are as under

. R-Power to buy Jaypee’s hydro assets

. Investors await justice in NSEL case

. India seeks MFN status from Pakistan ahead of meeting

. Ukrain’s clashes with rebels hinder MH17 crash investigation

. India exploring merger of state-owned hydro PSUs

..Higher costs weigh down profit growth to slowest in 9 quarters

..Wal-Mart to expand wholesale business in India

. GMR group moves to strengthen balance sheet

. Central Bank to sell 4 % stake to Life Insurance Corporation

. Tata Chemicals plans to raise up to Rs 10000 mn.

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 31-03-2014.

INFORMATION PARTED BY

Name :	Mr. Ashab
Tel. No.:	91-487-2385148
Designation :	Marketing Manager
Date :	12.08.2014

LOCATIONS

Registered Office :	TC 21/497, Makkal Lane, Kanattukara Post, Ayyanthol, Thrissur—680011, Kerala, India
Tel. No.:	91-487-2385148
Mobile No. :	91-9489092001 (Mr. K. C. Francis)
Fax No.:	Not Available
E-Mail :	ashhab.mm@tjsvgalvan.com joseph.dgm@tjsvgalvan.com
Website :	http://www.tjsvgalvan.com
Factory :	No 83, Vasavanaikenpatti, P. O Gudimangalam Kondampatti, Udumalpet, Thiruppur-642201, Tamilnadu

DIRECTORS

As on 27.09.2013

Name :	Mr. Ponnambath Saleem
Designation :	Director
Address :	Ponnambath House, Post Orumanayoor, Orumanayoor-680512, Kerala, India
Date of Birth/Age :	01.06.1951
Date of Appointment :	10.03.2011
DIN No.:	03348348

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	U28112KL2008PLC022286	TJSV STEEL FABRICATION AND GALVANIZING (INDIA) LIMITED	Director	10-03-11	10-03-11	-	Active	NO
2	U70100KL2012PTC031831	PRATHEEKSHA DEVELOPERS PRIVATE LIMITED	Director	13-11-13	13-11-13	-	Active	NO

Name :	Mr. Olakkengil Pavunny Louis
Designation :	Director
Address :	Olakkengil House, P.O. Pavaratty, Trichur-680507, Kerala, India
Date of Birth/Age :	15.05.1949
Date of Appointment :	10.03.2011
DIN No.:	03192898

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	U28112KL2008PLC022286	TJSV STEEL FABRICATION AND GALVANIZING (INDIA) LIMITED	Director	10-03-11	10-03-11	-	Active	NO
2	U27100TZ1937PTC000186	ESSGI FABRICATION AND ENGINEERING PRIVATE LIMITED	Director	19-09-13	19-09-13	-	Active	NO

Name :	Mr. Karippakulam Mohammed Shahul Hammed
Designation :	Director
Address :	Karipakulam House, High School Ground, Post Valapad, Thrissur, Kerala-680567, India
Date of Birth/Age :	28.05.1954
Date of Appointment :	10.03.2011
DIN No.:	03309872
Name :	Mr. Mani Anil Kattilaparambil
Designation :	Director
Address :	Kattilaparambil House, Thanissery P.O. Irinjalakuda Via, Thrissur-680701, Kerala, India
Date of Birth/Age :	30.07.1962
Date of Appointment :	10.03.2011
DIN No.:	03410186
Name :	Mr. Kattilan Kunhi Mohamed Nazar
Designation :	Director
Address :	Kattilan House, P. O. Mathilakam, Mathilmoola, Trichur-680685, Kerala, India
Date of Birth/Age :	05.01.1958
Date of Appointment :	10.03.2011
DIN No.:	03353161
Name :	Mr. Karuthakka Hydarali
Designation :	Director
Address :	Mannalamkunnu, P. O. Via Akalad, Trichur- 680518, Kerala, India
Date of Birth/Age :	07.06.1957
Date of Appointment :	10.03.2011
DIN No.:	01547664

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	U85110KL1990PTC005646	ARAFA HOSPITAL PRIVATE LIMITED	Director	14-10-92	14-10-92	10-10-13	Active	NO
2	U70102KL2002PLC015335	KHALEEJ PRAVASI INFRASTRUCTURE LIMITED	Director	31-03-04	31-03-04	-	Active	NO
3	U28112KL2008PLC022286	TJSV STEEL FABRICATION AND GALVANIZING (INDIA) LIMITED	Whole-time director	10-03-11	10-03-11	-	Active	NO

Name :	Mr. Jayakrishnan Krishna Menon
Designation :	Director
Address :	Xxviii/426, Sowparnika, Valanjambalam, Ravipuram, Kochi-682020, Kerala, India
Date of Birth/Age :	15.08.1987
Date of Appointment :	10.03.2011
DIN No.:	02734324

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	U28999KL2009PTC024770	BEHZAD STEEL AND GALVANIZING PRIVATE LIMITED	Director	17-09-09	17-09-09	-	Active	NO
2	U28112KL2008PLC022286	TJSV STEEL FABRICATION AND GALVANIZING (INDIA) LIMITED	Managing director	10-08-13	10-03-11	-	Active	NO
3	U74900KL2011PTC027975	BEHZAD BUNKERING AND SHIPCHANDLING PRIVATE LIMITED	Director	18-03-11	18-03-11	-	Active	NO
4	U65923KL2011PTC028904	SOWPARNIKA LEASING GOLD FINANCE PRIVATE LIMITED	Director	19-07-11	19-07-11	-	Active	NO

Name :	Mr. Cheril Krishna Menon
Designation :	Managing Director
Address :	Sowparnika, Valanjambalam, Cochin-682016, Kerala, India
Date of Birth/Age :	18.09.1949
Date of Appointment :	10.03.2011
DIN No.:	01955233

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	U91990KL2002NPL015838	NORKA-ROOTS (SEC 25 COMPANY)	Director	30-06-04	30-06-04	-	Active	NO
2	U92111KL2005PTC018261	SYMPHONY TV AND ENTERTAINMENTS PRIVATE LIMITED	Additional director	30-10-07	30-10-07	-	Active	NO
3	U45209KL2007PLC020471	INKEL LIMITED	Director	05-09-08	22-11-07	-	Active	NO
4	U28112KL2008PLC022286	TJSV STEEL FABRICATION AND GALVANIZING (INDIA) LIMITED	Director	10-08-13	21-04-08	-	Active	NO
5	U92132KL2006PLC019400	JAI HIND COMMUNICATIONS LIMITED	Additional director	06-06-08	06-06-08	-	Active	NO
6	U65923KL2009PLC025082	CHERAMAN FINANCIAL SERVICES LIMITED	Director	30-11-09	30-11-09	-	Active	NO
7	U74900KL2010PLC025553	INKEL-KSIDC PROJECTS LIMITED	Nominee director	24-02-10	24-02-10	-	Active	NO
8	U74900KL2010PLC025556	INKEL-KINFRA INFRASTRUCTURE PROJECTS LIMITED	Nominee director	24-02-10	24-02-10	-	Active	NO
9	U74900KL2011PTC027975	BEHZAD BUNKERING AND SHIPCHANDLING PRIVATE LIMITED	Director	18-03-11	18-03-11	-	Active	NO
10	U65923KL2011PTC028904	SOWPARNIKA LEASING GOLD FINANCE PRIVATE LIMITED	Director	19-07-11	19-07-11	-	Active	NO
11	U55101KL2012PTC031177	TJSV FARMS AND RESORTS PRIVATE LIMITED	Director	10-05-12	10-05-12	-	Active	NO
12	U73100KL2012PTC031553	REVITAL LIFE SCIENCES PRIVATE LIMITED	Director	29-06-12	29-06-12	-	Active	NO
13	U55101KL2012PTC032082	TJSV HOSPITALITY AND DEVELOPERS PRIVATE LIMITED	Director	01-10-12	01-10-12	-	Active	NO
14	U67190KL2012PLC032330	CHERAMAN FUNDS MANAGEMENT LIMITED	Director	23-08-13	16-12-12	-	Active	NO
15	U28999KL2009PTC024770	BEHZAD STEEL AND GALVANIZING PRIVATE LIMITED	Director	01-03-14	01-03-14	-	Active	NO

Name :	Mr. Kadiru Abdul R. V. O.
Designation :	Director
Address :	Ooroth House, Post Paluvayi, Trichur,Thtissur-680512, Kerala, India
Date of Birth/Age :	01.09.1952
Date of Appointment :	21.04.2008
DIN No.:	01955337

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	U91910KL2002PTC015732	POOMA CONVENTION CENTRE PRIVATE LIMITED	Managing director	07-11-02	07-11-02	-	Active	NO
2	U28112KL2008PLC022286	TJSV STEEL FABRICATION AND GALVANIZING (INDIA) LIMITED	Director	21-04-08	21-04-08	-	Active	NO

Name :	Mr. Salim K. Vazhappillipparambil
Designation :	Director
Address :	Vazhappillipparambil House, Post Chazhur, Thrissur-680571, Kerala, India
Date of Birth/Age :	12.05.1970
Date of Appointment :	16.04.2011
DIN No.:	03522456
Name :	Mr. Abdulla V. Asharaf
Designation :	Director
Address :	Valiyakanth Hous, Vadanapally, Trichur, Thtissur-680614, Kerala, India
Date of Birth/Age :	13.12.1952
Date of Appointment :	03.09.2011
DIN No.:	02451255

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	U51223KL1994PTC008124	ABLE EXPORTS PVT LTD	Director	10-03-03	10-03-03	15-06-10	Strike off	NO
2	U28112KL2008PLC022286	TJSV STEEL FABRICATION AND GALVANIZING (INDIA) LIMITED	Director	03-09-11	03-09-11	-	Active	NO

Name :	Mr. Mehboom V. S. H. Rayammarakkar
Designation :	Director
Address :	Mehboob Manzil, Post Orumanayoor, Chavakkaf, Thtissur-680614, Kerala, India
Date of Birth/Age :	01.10.1962
Date of Appointment :	21.10.2011
DIN No.:	05165157
Name :	Mr. Thenkayatil Amanulla
Designation :	Director
Address :	Thenkayatil House, Vadakkangara Post, Mankanda, Malappuram-679324, Kerala, India
Date of Birth/Age :	30.05.1969
Date of Appointment :	01.08.2012
DIN No.:	05220551
Name :	Mr. Joseph Joy
Designation :	Director
Address :	P. B. No. 6130, 22072, Kuwait, United Arab, Emirates
Date of Birth/Age :	04.02.1957
Date of Appointment :	10.03.2011
DIN No.:	05221046
Name :	Mr. Vijay Kumar Manazhi
Designation :	Director
Address :	Manazhi House, Urakam, Thtissur-680562, Kerala, India
Date of Birth/Age :	19.11.1971
Date of Appointment :	01.08.2012
DIN No.:	05234927
Name :	Mr. Parambathkandi Mohasin
Designation :	Director
Address :	Block Junction, Post Vellangallur, Thrissur-680562, Kerala, India
Date of Birth/Age :	01.12.1955
Date of Appointment :	01.08.2012
DIN No.:	05241924

KEY EXECUTIVES

Name :	Mr. Ashab
Designation :	Marketing Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 27.09.2013

SHAREHOLDING DETAILS FILE ATTACHED

Equity Share Break up (Percentage of Total Equity)

As on 27.09.2013

Category	Percentage
Directors or relatives of Directors	63.00
Other top fifty shareholders	37.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Provides Technical Support on Today's Innovative Applications.

GENERAL INFORMATION

No. of Employees :

Information decline by the management.

Bankers :

The South Indian Bank Limited, Udumalpet Branch, 168/4 Palani Road, Gandhi Nagar, Post- Udumalpet – 642154, Tamilnadu, India

Facilities :

(Rs. In Millions)

Secured Loan	As on 31.03.2013	As on 31.03.2012
Long Term Borrowings
Loan Taken For Vehicles	1.175	0.000
Total	1.175	0.000

Banking Relations :	---
Auditors :
Name :	Krishnamoorthy and Krishnamoorthy Chartered Accountants
Address :	Paliam Road, Ernakulam, Kerala, India
PAN No.:	AADFK0184E

CAPITAL STRUCTURE

As on 27.09.2013

Authorised Capital : Rs. 180.000 Millions

Issued, Subscribed & Paid-up Capital : Rs. 179.924 Millions

As on 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
1800000	Equity Shares	Rs.100/- each	Rs. 180.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1499243	Equity Shares	Rs.100/- each	Rs. 149.924 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	149.924	149.924	89.612
(b) Reserves & Surplus	4.983	(3.120)	(12.475)
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	6.650
Total Shareholders’ Funds (1) + (2)	154.907	146.804	83.787
(3) Non-Current Liabilities
(a) long-term borrowings	1.175	0.000	0.000
(b) Deferred tax liabilities (Net)	2.221	0.312	0.000
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	0.387	0.076	0.000
Total Non-current Liabilities (3)	3.783	0.388	0.000
(4) Current Liabilities
(a) Short term borrowings	50.306	0.000	0.682
(b) Trade payables	2.570	0.379	0.348
(c) Other current liabilities	4.133	2.587	0.988
(d) Short-term provisions	1.450	0.445	0.000
Total Current Liabilities (4)	58.459	3.411	2.018
TOTAL	217.149	150.603	85.805
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	113.430	61.545	60.356
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.070	38.122	1.578
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.000	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	0.627	6.380	2.119
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	114.127	106.047	64.053
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	29.118	15.316	10.367
(c) Trade receivables	56.600	15.305	4.134
(d) Cash and cash equivalents	5.490	8.718	4.206
(e) Short-term loans and advances	11.814	5.217	3.045
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	103.022	44.556	21.752
TOTAL	217.149	150.603	85.805

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	138.619	90.820	22.860
		Other Income	0.756	0.339	0.025
		TOTAL (A)	139.375	91.159	22.885
Less	EXPENSES
		Cost of Materials Consumed	79.396	47.773	14.715
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(11.716)	(3.099)	0.000
		Employees benefits expense	17.110	7.107	4.251
		Other expenses	29.452	20.452	8.827
		TOTAL (B)	114.242	72.233	27.793
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		25.133	18.926	(4.908)
Less	FINANCIAL EXPENSES (D)		2.162	0.000	0.000
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		22.971	18.926	(4.908)
Less/ Add	DEPRECIATION/ AMORTISATION (F)		11.138	7.853	6.791
	PROFIT BEFORE TAX (E-F) (G)		11.833	11.073	(11.699)
Less	TAX (H)		4.267	1.536	0.000
	PROFIT AFTER TAX (G-H) (I)		7.566	9.537	(11.699)
	Earnings Per Share (Rs.)		5.05	9.13	0.00

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	5.43	10.46	(51.12)
Net Profit Margin (PBT/Sales)	(%)	8.54	12.19	(51.18)
Return on Total Assets (PBT/Total Assets}	(%)	5.45	9.84	(13.89)
Return on Investment (ROI) (PBT/Networth)		0.08	0.08	(0.14)
Debt Equity Ratio (Total Debt /Networth)		0.33	0.00	0.01
Current Ratio (Current Asset/Current Liability)		1.76	13.06	10.78

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	89.612	149.924	149.924
Reserves & Surplus	(12.475)	(3.120)	4.983
Share Application money pending allotment	6.650	0.000	0.000
Net worth	83.787	146.804	154.907
long-term borrowings	0.000	0.000	1.175
Short term borrowings	0.682	0.000	50.306
Total borrowings	0.682	0.000	51.481
Debt/Equity ratio	0.008	0.000	0.332

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	22.860	90.820	138.619
		297.288	52.630

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	22.860	90.820	138.619
Profit	(11.699)	9.537	7.566
	(51.18%)	10.50%	5.46%

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	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

(Rs. In Millions)

Unsecured Loan	As on 31.03.2013	As on 31.03.2012
Short Term Borrowings
Working Capital Loan from Banks	46.738	0.000
Loans and advances from Directors	3.567	0.000
Total	50.305	0.000

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10477795	20/12/2013	700,000.00	THE SOUTH INDIAN BANK LIMITED	UDUMALPET BRANCH, 168/4, PALANI ROAD, GANDHI NAGAR PO, UDUMALPET- 642154, TAMILNADU, INDIA	B96447602
2	10383096	03/09/2013 *	170,000,000.00	THE SOUTH INDIAN BANK LIMITED	UDUMALPET BRANCH, 168/4 PALANI ROAD, GANDHI NAGAR  PO, UDUMALPET- 642154, TAMILNADU, INDIA	B88113071

* Date of charge modification

CMT REPORT (Corruption, Money Laundering & Terrorism]

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

1] INFORMATION ON DESIGNATED PARTY

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

2] Court Declaration :

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

3] Asset Declaration :

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

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

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

Charges or investigation registered against subject: None

7] Criminal Records

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

8] Affiliation with Government :

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

9] Compensation Package :

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

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

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

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

CONTRAVENTION

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

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs. 61.05
UK Pound	1	Rs. 101.83
Euro	1	Rs. 81.55

INFORMATION DETAILS

Information Gathered by :	NYA
Analysis Done by :	KRN
Report Prepared by :	ASH

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	4
--LEVERAGE	1~10	4
--RESERVES	1~10	4
--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	NO
--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.