MIRA INFORM REPORT

Report Date :

27.08.2014

IDENTIFICATION DETAILS

Name :	SHYAM FERRO ALLOYS LIMITED
Registered Office :	Vishwakarma, 86C, 2^nd Floor, Topsia Road, Kolkata – 700046, West Bengal
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	16.05.1995
Com. Reg. No.:	21-071548
Capital Investment / Paid-up Capital :	Rs.311.723 Millions
CIN No.: [Company Identification No.]	U27109WB1995PLC071548
PAN No.: [Permanent Account No.]	AADCS7376M
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer and Exporter of Ferro Alloys.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

Ba (48)

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

Status :	Satisfactory
Payment Behaviour :	Regular
Litigation :	Exist
Comments :	Subject is an established company having satisfactory track record. Overall financial position of the company is sound and healthy. Trade relations are reported to be fair. Business is active. Payments are reported to be regular and as per commitment. The company can be considered for business dealing at usual trade terms and conditions.

NOTES:

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

ECGC Country Risk Classification List – 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.

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	long term rating =BBB+
Rating Explanation	Moderate degree of safety and moderate credit risk
Date	15.10.2013

Rating Agency Name	CRISIL
Rating	Short term rating =A2
Rating Explanation	Strong degree of safety and low credit risk
Date	15.10.2013

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 31-03-2014.

INFORMATION DENIED BY

Name :	Mr. Utpal Kumar Ghosh
Designation :	Deputy Finance Manager
Contact No.:	91-33-22852327
Date :	04.07.2013

LOCATIONS

Registered Office :	Vishwakarma, 86C, 2^nd Floor, Topsia Road, Kolkata – 700046, West Bengal, India
Tel. No.:	91-33-22852323/ 27
Fax No.:	91-33-22852328
E-Mail :	sfal@shyamferro.com akg@shyamferro.com joy@shyamferro.com
Website :	www.shyamferro.com
Factory 1 :	Raturia Angadpur Industrial Area, Durgapur – 713216, West Bengal, India
Tel. No.:	91-343-2591101/ 2590895
E-Mail :	dgp@shyamferro.com
Factory 2 :	Palitpur Road, Dewandighi, Burdwan – 713102, West Bengal, India
Tel. No.:	91-342-2622361/ 375
E-Mail :	bwn@shyamferro.com

DIRECTORS

As on: 30.09.2013

Name :

Mr. Brij Bhushan Agarwal

Designation :

Director

Address :

3B, Ashoka Road, Alipore, Kolkata – 700027, West Bengal, India

Date of Birth/Age :

13.09.1972

Qualification :

Graduate

Date of Appointment :

16.05.2005

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 PVT LTD	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 LTD.	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) LTD.	Director	27/08/2010	04/12/2006	10/05/2011	Active	NO
15	U15432WB1996PTC111330	MATIN CONFECTIONARY PVT LTD	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 & Power Limited	Director	04/10/2007	04/10/2007	-	Active	NO
23	U70100WB2008PTC126431	SINGHBHUM STEEL & 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 & 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 & POWER LIMITED	Director	14/07/2011	14/07/2011	-	Active	NO
33	U23101ML2011PLC008484	NORTH EAST CARBON & 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. Sanjay Kumar Agarwal

Designation :

Director

Address :

CA-54, Salt Lake City, Kolkata – 700091, West Bengal, India

Date of Birth/Age :

27.03.1976

Qualification :

Graduate

Date of Appointment :

25.07.2004

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 PVT.LTD.	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 PVT. LTD.	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 PVT.LTD.	Director	31/12/2003	31/12/2003	-	Active	NO
7	U27109WB1995PLC071548	SHYAM FERRO ALLOYS LTD.	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 & POWER LIMITED	Director	04/10/2007	04/10/2007	-	Active	NO
10	U02005WB1995PTC073522	ESSEL PLYWOOD PVT LTD	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 PVT.LTD.	Director	15/06/2009	15/06/2009	-	Amalgamated	NO
27	U51109WB1995PTC069472	SHAILY SALES & SERVICES PVT LTD	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 & METALS PRIVATE LIMITED	Additional director	14/06/2010	14/06/2010	28/07/2012	Active	NO
30	U65922WB1992PTC054891	KALPATARU HOUSEFIN & 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
36	U40108ML2002PLC006921	MEGHALAYA POWER LIMITED	Managing director	01/12/2013	01/11/2013	-	Active	NO

Name :

Mr. Sandeep Goyal

Designation :

Director

Address :

Shanti Kunj, DL-18, Salt Lake City, Kolkata – 700091, West Bengal, India

Date of Birth/Age :

02.12.1973

Qualification :

MBA

Date of Appointment :

07.06.2003

PAN No.:

AAZPG7287Q

DIN No.:

00276140

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	U27109WB2000PLC091371	G S C CASTOFIRM LIMITED	Director	15/03/2000	15/03/2000	10/03/2009	Active	NO
2	U51109WB1996PTC080975	RCD TRADING PVT LTD	Director	12/09/2001	12/09/2001	-	Active	NO
3	U27109WB1995PLC071548	SHYAM FERRO ALLOYS LTD.	Director	07/06/2003	07/06/2003	-	Active	NO
4	U51909WB1995PTC073411	KECONS TRADECARE PVT.LTD.	Director	31/12/2003	31/12/2003	-	Active	NO
5	U74220WB1992PLC054631	PAFCO LABORATORIES LIMITED	Director	14/02/2005	14/02/2005	-	Active	NO
6	U51909WB1994PTC062493	LEDO VYAPAAR PVT LTD	Director	01/04/2006	01/04/2006	-	Active	NO
7	U51109WB1994PTC064288	EVIKA VINCOM PVT. LTD.	Director	01/04/2006	01/04/2006	-	Active	NO
8	U74140WB1993PTC057394	BHUVEE PROFILES & STAINLESS PRIVATE LIMITED	Managing director	30/09/2010	15/05/2006	-	Amalgamated	NO
9	U51109WB1995PTC068654	RABIRUN VINIMAY PVT.LTD.	Managing director	30/09/2010	24/01/2007	-	Active	NO
10	U27100WB2007PTC120297	INTEGERATED EQUIPMENTS & INFRASERVICES PRIVATE LIMITED	Managing director	30/09/2010	07/11/2007	-	Active	NO
11	U51109WB1994PTC063125	ASHDIL TRADING COMPANY PVT LTD	Director	28/07/2008	01/04/2008	-	Active	NO
12	U74120WB1994PTC061528	ADVIN FISCAL SERVICES PVT. LTD.	Director	28/07/2008	01/04/2008	-	Active	NO
13	U25112WB2008PTC130382	INTEGERATED PIPES & TUBES PRIVATE LIMITED	Director	10/11/2008	10/11/2008	25/04/2014	Active	NO
14	U74900WB2008PTC131341	BHUVEE PACKAGING & ANCILLIARY PRIVATE LIMITED	Director	18/12/2008	18/12/2008	25/04/2014	Active	NO
15	U27100WB2009PTC138217	MAHANADI DECORATIVE SHEETS PRIVATE LIMITED	Director	03/09/2009	03/09/2009	25/04/2014	Active	NO
16	U51109WB1995PTC068590	CYNOSURE TRACON PVT.LTD.	Director	30/10/2009	30/10/2009	-	Active	NO
17	U51109WB1995PTC075883	ANUDEEP CONSULTANTS PVT.LTD.	Director	30/10/2009	30/10/2009	-	Active	NO
18	U51109WB1995PTC067905	CAROL SYNTEX PVT LTD	Director	30/10/2009	30/10/2009	-	Active	NO
19	U52190WB1994PTC062081	WELLMAN SALES AGENCY PVT LTD	Director	30/10/2009	30/10/2009	-	Active	NO
20	U27101WB2002PTC095499	BRG IRON & STEEL CO. PRIVATE LIMITED	Managing director	30/09/2010	06/02/2010	-	Active	NO
21	U27100WB2009PTC138222	SUNCITY STRIPS & TUBES PRIVATE LIMITED	Director	30/09/2010	01/04/2010	15/11/2012	Active	NO
22	U51909WB1996PTC078600	SUNRISE MERCHANDISE PVT LTD	Director	30/09/2010	06/04/2010	-	Active	NO
23	U51109WB1996PTC078066	ALLWORTH MERCHANDISE PVT LTD	Director	30/09/2010	06/04/2010	-	Active	NO
24	U51109WB1994PTC063491	MODSNA TIE UP PVT LTD	Director	30/09/2010	12/04/2010	-	Active	NO
25	U52100WB2010PTC151212	BRG INTERNATIONAL PRIVATE LIMITED	Managing director	30/07/2010	13/07/2010	-	Active	NO
26	U74999WB2011PTC158153	INTEGERATED ENGINEERING SOLUTION PRIVATE LIMITED	Director	28/01/2011	28/01/2011	-	Active	NO
27	U27107DL2008PTC184665	PROLIFIQUE ROLLS PRIVATE LIMITED	Director	31/05/2012	31/05/2012	05/12/2012	Active	NO
28	U28990DL2013PTC253415	BRG FABRINOX PRIVATE LIMITED	Managing director	03/06/2013	03/06/2013	-	Active	NO

Name :

Mr. Himanshu Goyal

Designation :

Director

Address :

Sita Kunj, DL-18, Salt Lake City, Kolkata – 700091, West Bengal, India

Date of Birth/Age :

24.02.1975

Qualification :

MBA

Date of Appointment :

25.07.2004

PAN No.:

AAOPG5565G

DIN No.:

00276571

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	U74899DL1980PTC010946	JAY GUM CHEMICALS INDIA PRIVATE LIMITED	Director	15/11/1994	15/11/1994	-	Active	NO
2	U27109WB2000PLC091371	G S C CASTOFIRM LIMITED	Director	15/03/2000	15/03/2000	10/03/2009	Active	NO
3	U27101WB2002PTC095499	BRG IRON & STEEL CO. PRIVATE LIMITED	Director	12/12/2002	12/12/2002	-	Active	NO
4	U27109WB2003PTC095735	BRG STEEL PRIVATE LIMITED	Director	31/01/2003	31/01/2003	-	Dormant	NO
5	U27106WB2003PTC095753	BRG METAL & POWER PRIVATE LIMITED.	Director	04/02/2003	04/02/2003	-	Active	NO
6	U27320WB2002PTC095111	JAI HANUMANTA STEEL PRIVATE LIMITED	Director	25/07/2003	25/07/2003	-	Active	NO
7	U27109WB1995PLC071548	SHYAM FERRO ALLOYS LTD.	Director	25/07/2004	25/07/2004	-	Active	NO
8	U51109WB1994PTC063491	MODSNA TIE UP PVT LTD	Director	30/09/2010	15/01/2010	-	Active	NO
9	U52100WB2010PTC151212	BRG INTERNATIONAL PRIVATE LIMITED	Director	12/07/2010	12/07/2010	-	Active	NO
10	U52390WB2010PTC151210	BRG INDUSTRIES PRIVATE LIMITED	Director	12/07/2010	12/07/2010	-	Active	NO
11	U51109WB1995PTC068654	RABIRUN VINIMAY PVT.LTD.	Director	01/02/2011	01/02/2011	-	Active	NO
12	U27100WB2007PTC120297	INTEGERATED EQUIPMENTS & INFRASERVICES PRIVATE LIMITED	Director	01/02/2011	01/02/2011	-	Active	NO
13	U74140WB1993PTC057394	BHUVEE PROFILES & STAINLESS PRIVATE LIMITED	Director	01/02/2011	01/02/2011	-	Amalgamated	NO
14	U51909WB1994PTC062493	LEDO VYAPAAR PVT LTD	Director	19/02/2013	19/02/2013	-	Active	NO
15	U51109WB1996PTC080975	RCD TRADING PVT LTD	Director	20/02/2013	20/02/2013	-	Active	NO
16	U51109WB1994PTC064288	EVIKA VINCOM PVT. LTD.	Director	22/02/2013	22/02/2013	-	Active	NO
17	U28990DL2013PTC253415	BRG FABRINOX PRIVATE LIMITED	Director	03/06/2013	03/06/2013	-	Active	NO
18	U74120WB1994PTC061528	ADVIN FISCAL SERVICES PVT. LTD.	Additional director	02/12/2013	02/12/2013	-	Active	NO
19	U52190WB1994PTC062081	WELLMAN SALES AGENCY PVT LTD	Additional director	03/12/2013	03/12/2013	-	Active	NO
20	U51109WB1995PTC068590	CYNOSURE TRACON PVT.LTD.	Additional director	03/12/2013	03/12/2013	-	Active	NO
21	U51109WB1995PTC067905	CAROL SYNTEX PVT LTD	Additional director	03/12/2013	03/12/2013	-	Active	NO
22	U51109WB1994PTC063125	ASHDIL TRADING COMPANY PVT LTD	Additional director	03/12/2013	03/12/2013	-	Active	NO
23	U51109WB1995PTC075883	ANUDEEP CONSULTANTS PVT.LTD.	Additional director	03/12/2013	03/12/2013	-	Active	NO
24	U74220WB1992PLC054631	PAFCO LABORATORIES LIMITED	Additional director	04/12/2013	04/12/2013	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 30.09.2013

SHAREHOLDING DETAILS FILE ATTACHED

Equity Share Break up (Percentage of Total Equity)

As on: 30.09.2013

Category	Percentage
Bodies corporate	51.81
Directors or relatives of directors	47.94
Others	0.25
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer and Exporter of Ferro Alloys.

Products :

Product Description	ITC Code
Silico Manganese	72023000
Ferro Manganese	72021100
Ferro Chrome	72024100
MC Silico Manganese	72022900
SS Flat	72201129
SS Round	72210090
SS Round Bright Bar	72222012

PRODUCTION STATUS (As on: 31.03.2012)

Particulars	Installed Capacity	Actual Production
Ferro Alloys	118000 M.T.P.A.	60995.800 M.T.
SS and MS and Alloys Steel	100000 M.T.P.A.	49238.030 M.T.
SS Flat	100000 M.T.P.A.	41501.060 M.T.
SS Round		5365.480 M .T.
SS Bright Bar		1056.600 M.T.
MS Flat		5.670 M.T.
MS Round		41.150 M.T.

GENERAL INFORMATION

No. of Employees :

Not Divulged

Bankers :

· State Bank of Hyderabad (Lead Bank), Park Street Branch, 113, Park Street, Kolkata - 700016, West Bengal, India

· Yes Bank Limited, 9^th Floor, Nehru Centre, Discovery Of India, Dr. Annie Besant Road, Worli, Mumbai – 400018, Maharashtra,. India

Facilities :

Secured Loan	As on 31.03.2013	As on 31.03.2012
	(Rs. In Millions)
LONG TERM BORROWINGS:
Loans taken for vehicles (secured by the value of respective vehicle purchased under Hire Purchase Agreement to the each Bank/ Financial)	0.104	3.259
SHORT TERM BORROWINGS:
Term Loan	717.576	578.098
Total	717.680	581.357

Banking Relations :	--
Auditors :
Name :	S. Poddar and Company Chartered Accountants
Address :	2 Lal Bazar Street , Kolkata- 700001, West Bengal, India
PAN No.:	AATFS2603N
Associates :	· Shyam Sel and Power Limited CIN No.: U27109WB1991PLC052962 · Shyam Metalics and Energy Limited CIN No.: U40101WB2002PLC095491 · BRG Iron and Steel Company Private Limited CIN No.: U27101WB2002PTC095499 · Bhuvee Profiles and Stainless Private Limited CIN No.: U74140WB1993PTC057394 · Kecons Tradecare Private Limited CIN No.: U51909WB1995PTC073411

CAPITAL STRUCTURE

As on: 31.03.20133

Authorized Capital:

No. of Shares	Type	Value	Amount
32000000	Equity Shares	Rs.10/- each	Rs.320.000 Millions

Issued, Subscribed & Paid-up Capital:

No. of Shares	Type	Value	Amount
31172320	Equity Shares	Rs.10/- each	Rs.311.723 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	311.723	311.723	311.723
(b) Reserves & Surplus	2308.268	2238.051	2188.001
(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)	2619.991	2549.774	2499.724
(3) Non-Current Liabilities
(a) long-term borrowings	0.104	3.259	8.529
(b) Deferred tax liabilities (Net)	155.862	145.617	147.927
(c) Other long term liabilities	0.000	0.000	81.239
(d) long-term provisions	12.734	11.529	11.393
Total Non-current Liabilities (3)	168.700	160.405	249.088
(4) Current Liabilities
(a) Short term borrowings	717.576	578.098	658.008
(b) Trade payables	1331.604	1083.639	1220.037
(c) Other current liabilities	180.761	289.826	160.141
(d) Short-term provisions	21.171	12.441	89.136
Total Current Liabilities (4)	2251.112	1964.004	2127.322
TOTAL	5039.803	4674.183	4876.134
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	1158.697	1006.691	1047.750
(ii) Intangible Assets	0.070	0.109	0.010
(iii) Capital work-in-progress	103.471	95.193	109.281
(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	438.606	461.834	652.305
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	1700.844	1563.827	1809.346
(2) Current assets
(a) Current investments	100.000	0.000	0.000
(b) Inventories	1984.225	1482.708	1651.680
(c) Trade receivables	526.737	907.907	626.890
(d) Cash and cash equivalents	171.171	407.109	203.351
(e) Short-term loans and advances	548.411	304.217	576.452
(f) Other current assets	8.415	8.415	8.415
Total Current Assets	3338.959	3110.356	3066.788
TOTAL	5039.803	4674.183	4876.134

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	5937.298	4810.642	5594.087
		Other Income	47.210	(18.417)	24.941
		TOTAL (A)	5984.508	4792.225	5619.028
Less	EXPENSES
		Cost of Materials Consumed	2699.280	2368.734	2922.767
		Purchases of Stock-in-Trade	104.218	15.536	32.041
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(119.322)	(271.849)	(59.288)
		Employees benefits expense	110.717	109.232	99.350
		Other expenses	2842.168	2284.622	2288.444
		TOTAL (B)	5637.061	4506.275	5283.314
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		347.447	285.950	335.714
Less	FINANCIAL EXPENSES (D)		120.289	96.434	90.563
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		227.158	189.516	245.151
Less	DEPRECIATION/ AMORTISATION (F)		123.864	119.672	103.818
	PROFIT BEFORE TAX (E-F) (G)		103.294	69.844	141.333
Less	TAX (H)		33.078	19.794	48.674
	PROFIT AFTER TAX (G-H) (I)		70.216	50.050	92.659
	EARNINGS IN FOREIGN CURRENCY		1772.149	1519.835	1305.351
	Earnings Per Share (Rs.)		2.25	1.61	2.97

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	1.17	1.04	1.65
Net Profit Margin (PBT/Sales)	(%)	1.74	1.45	2.53
Return on Total Assets (PBT/Total Assets}	(%)	2.09	1.53	2.96
Return on Investment (ROI) (PBT/Networth)		0.04	0.03	0.06
Debt Equity Ratio (Total Debt/Networth)		0.27	0.23	0.27
Current Ratio (Current Asset/Current Liability)		1.48	1.58	1.44

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	311.723	311.723	311.723
Reserves & Surplus	2188.001	2238.051	2308.268
Net worth	2499.724	2549.774	2619.991
long-term borrowings	8.529	3.259	0.104
Short term borrowings	658.008	578.098	717.576
Total borrowings	666.537	581.357	717.680
Debt/Equity ratio	0.267	0.228	0.274

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	5594.087	4810.642	5937.298
		(14.005)	23.420

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	5594.087	4810.642	5937.298
Profit	92.659	50.050	70.216
	1.66%	1.04%	1.18%

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

CALCUTTA HIGH COURT

CASE STATUS INFORMATION SYSYTEM

Case Status : PENDING

Status of ARBITRATION PETITION(AP) 674 of 2010

MERCON TRADING LLC. DUBAI Vs. SHYAM FERRO ALLOYS LIMITED

Pet’s Adv. : R. GINODIA & CO.

Res’s Adv. :

Court No. : 16 Last Listed On : Monday, June 02, 2014

Category : NO CATEGORY MENTIONED

CONNECTED APPLICATION (S) No Connected Application.

CONNECTED MATTER (S) No Connected Cases.

Case Update on : Friday, May 16, 2014

Note: The Registered Office of the company has been shifted from 23A, N S road, 10^th FL, Kolkata –700001, West Bengal, India to the present address w.e.f. 01.06.2006.

INDEX OF CHARGES:

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10436353	30/05/2013	3,500,000.00	STATE BANK OF INDIA	ALIPORE BRANCH,, 24/1/1, ALIPORE ROAD, KOLKATA, WEST BENGAL - 700027, INDIA	B79402533
2	10430917	17/05/2013	1,370,000,000.00	STATE BANK OF INDIA	INDUSTRIAL FINANCE BRANCH, KOLKATA, 11, DR. U. N. BRAHMACHARI STREET, KOLKATA - 700017, WEST BENGAL, INDIA	B77023505
3	10360561	25/04/2012	350,000,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL, MUMBAI - 400013, MAHARASHTRA, INDIA	B41609371
4	10281723	27/08/2013 *	2,870,000,000.00	STATE BANK OF INDIA (LEAD BANK)	INDUSTRIAL FINANCE BRANCH, KOLKATA, 11, DR. U. N. BRAHMACHARI STREET, KOLKATA - 700017, WEST BENGAL, INDIA	B85444420
5	10255791	25/11/2010	470,000,000.00	IDBI BANK LIMITED	IDBI HOUSE, 44, SHAKESPEARE SARANI, KOLKATA - 700017, WEST BENGAL, INDIA	B01301084
6	10130817	03/11/2008	250,000,000.00	YES BANK LIMITED	9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR. ANNIE BESANT ROAD, WORLI,, MUMBAI - 400018, MAHARASHTRA, INDIA	A51098515
7	10098000	16/04/2008	290,000,000.00	THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED	HONGKONG BANK, 31 BBD BAG, KOLKATA - 700001, WEST BENGAL , INDIA	A36117984
8	10098249	16/04/2008	290,000,000.00	THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED	HONGKONG BANK, 31 BBD BAG, KOLKATA - 700001, WEST BENGAL , INDIA	A36194157
9	80013586	09/12/2013 *	2,870,000,000.00	STATE BANK OF HYDERBAD (LEAD BANK)	PARK STREET BRANCH, 113, PARK STREET, KOLKATA - 700016, WEST BENGAL, INDIA	B91307751
10	80059089	18/01/2006	100,000,000.00	STATE BANK OF HYDERABAD	PARK STEET BRANCH, 113, PARK STREET, KOLKATA - 700016, WEST BENGAL, INDIA	-

FIXED ASSETS:

· Land

· Buildings

· Plant and Equipment

· Emission Reduction Equipment

· Furniture and Fixtures

· Vehicles

· Office Equipment

· Computer Equipments

· 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 judgment 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.60.50
UK Pound	1	Rs.100.33
Euro	1	Rs.79.91

INFORMATION DETAILS

Information Gathered by :	SVA
Analysis Done by :	SUM
Report Prepared by :	NKT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	6
--RESERVES	1~10	5
--CREDIT LINES	1~10	5
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	YES
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		48

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.