MIRA INFORM REPORT

Report Date :

30.08.2014

IDENTIFICATION DETAILS

Name :	SHRI GIRIJA ALLOY AND POWER (INDIA) PRIVATE LIMITED (w.e.f. 10.06.2010)
Formerly Known As :	SRI GIRIJA ALLOY AND POWER (INDIA) PRIVATE LIMITED (w.e.f. 19.03.2010) SRI GIRIJA POWER PRIVATE LIMITED (w.e.f. 04.04.2007) GIRIJA FERRO ALLOYS PRIVATE LIMITED
Registered Office :	D.No.88-3-5, Trip School Road, Gadalamma Nagar, Near Morampudi Junction, Rajahmundry – 533103, Andhra Pradesh
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	21.04.2004
Com. Reg. No.:	01-043091
Capital Investment / Paid-up Capital :	Rs.268.206 Millions
CIN No.: [Company Identification No.]	U27101AP2004PTC043091
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Generation power and ferro alloys.
No. of Employees :	20 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (26)

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

Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Even though the company was incorporated on 21^st April 2004, it has recently commenced its business operations. It is having a moderate track record. Ms. Shreedevi, Accountant has provided general information to us and claimed that company has started its business operation from September 2013. As per registrar of companies the date of balance sheet (i.e. financial filed) is shown as 31^st March 2013 but the documents related to financial for the year 2012 and 2013 are not available for any source. As per previous financial record of 2011, the company has incurred some pre operating expenses. However, trade relations are improving. Business is active. Payment terms are unknown. The company can be considering 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 – 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: B
Rating Explanation	Risk prone credit quality and very high credit risk.
Date	22.10.2013

Rating Agency Name	CRISIL
Rating	Short term rating: A4
Rating Explanation	Minimal degree of safety and very high credit risk.
Date	22.10.2013

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 PARTED BY (GENERAL DETAILS)

Name :	Ms. Shreedevi
Designation :	Accountant
Contact No.:	91-884-2326999
Date :	26.08.2014

LOCATIONS

Registered Office :	D.No.88-3-5, Trip School Road, Gadalamma Nagar, Near Morampudi Junction, Rajahmundry – 533103, Andhra Pradesh, India
Tel. No.:	91-884-2326999
Mobile No.:	91-9669674000 (Mr. Manasnath)
Fax No.:	91- 884-2326998
E-Mail :	girijapower@gmail.comsancharnet.in
Website :	www.srinivasaferro.com
Factory :	Survey No. 162 and 153, A.D.B. Road, Peddapuram, Districts East Godavari – 533437, Andhra Pradesh, India

DIRECTORS

As on 30.09.2013

Name :

Mr. Chintalapati Venkata Satya Surya Raghu Rama Raju

Designation :

DIRECTOR

Address :

MIG -225, TPT Colony, Seetammadara, NE Layout, Visakhapatnam - 530 013, Andhra Pradesh, India

Date of Birth/Age :

06.05.1963

Date of Appointment :

30.01.2007

DIN No.:

01649946

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	U27101AP1987PLC008133	SHRI GIRIJA SMELTERS LIMITED	Director	09/03/1988	09/03/1988	-	Active	NO
2	U27109AP1988PLC008340	SRINIVASA FERRO ALLOYS LIMITED	Director	09/03/1988	09/03/1988	-	Active	NO
3	U74999MH1961NPL012060	THE INDIAN FERRO ALLOY PRODUCERS ASSOCIATION	Director	19/09/2003	19/09/2003	-	Active	NO
4	U01119AP2004PTC042460	CHINTALAPATI AGRO-TECH PRIVATE LIMITED	Director	01/03/2005	01/03/2005	-	Active	NO
5	U70101WB2005PTC102513	C S R DEVELOPERS PRIVATE LIMITED	Director	29/03/2005	29/03/2005	-	Active	NO
6	U01409WB2005PTC104139	C.RADHA AGRO-TECH PRIVATE LIMITED	Director	13/07/2005	13/07/2005	-	Active	NO
7	U27101AP2004PTC043091	SHRI GIRIJA ALLOY & POWER (I) PRIVATE LIMITED	Director	30/01/2007	30/01/2007	-	Active	NO
8	U70109WB2000PTC090993	SRI GAYATRI MINERALS PRIVATE LIMITED	Director	02/04/2007	02/04/2007	-	Active	NO
9	U14290AP2007PTC055502	SRINIVASA GAYATRI MINING AND MINERALS PRIVATE LIMITED	Director	13/09/2007	13/09/2007	-	Active	NO
10	U01403AP2008PTC060994	CSR AGRITECH PRIVATE LIMITED	Director	11/09/2008	11/09/2008	-	Active	NO
11	U55101AP2010PTC071155	DREAM MEDIRESORTS (VIZAG) PRIVATE LIMITED	Director	04/04/2011	04/04/2011	-	Active	NO

Name :

Mr. Chintalapati Sanyasi Raju

Designation :

Director

Address :

MIG -225, TPT Colony, Seetammadara, NE Layout, Visakhapatnam - 530 013, Andhra Pradesh, India

Date of Birth/Age :

01.01.1933

Date of Appointment :

30.01.2007

DIN No.:

01649785

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	U27101AP1987PLC008133	SHRI GIRIJA SMELTERS LTD	Director	05/10/1988	05/10/1988	-	Active	NO
2	U27109AP1988PLC008340	SRINIVASA FERRO ALLOYS LTD	Managing director	30/09/1992	30/09/1992	-	Active	NO
3	U05004OR1994PTC003556	SRINIVAS MARINE EXPORTS INDIA RIVATE LIMITED	Director	23/03/1994	23/03/1994	-	Active	NO
4	U27101OR1993PTC003252	BRAHMANI FERRO ALLOYS PRIVATE LIMITED	Director	01/01/2004	01/01/2004	-	Active	NO
5	U27101OR1993PTC003275	BIRAJA FERRO ALLOYS RIVATE LIMITED	Director	01/01/2004	01/01/2004	-	Active	NO
6	U01119OR2005PTC008114	BRAHMANI AGRO-TECH PRIVATE LIMITED	Director	13/04/2005	13/04/2005	-	Active	NO
7	U01119OR2005PTC008113	BIRIJA AGRO-TECH PRIVATE LIMITED	Director	13/04/2005	13/04/2005	-	Active	NO
8	U01119AP2005PTC046670	GIRIJA AGRO-TECH PRIVATE LIMITED	Director	28/06/2005	28/06/2005	-	Active	NO
9	U70109WB2000PTC090993	SRI GAYATRI MINERALS PRIVATE LIMITED	Managing director	01/04/2006	01/04/2006	-	Active	NO
10	U27101AP2004PTC043091	SHRI GIRIJA ALLOY & POWER (I) PRIVATE LIMITED	Director	30/01/2007	30/01/2007	-	Active	NO
11	U14290AP2007PTC055502	SRINIVASA GAYATRI MINING AND MINERALS PRIVATE LIMITED	Director	13/09/2007	13/09/2007	-	Active	NO
12	U01403AP2008PTC060934	VAMSI AGROTECH PRIVATE LIMITED	Director	09/09/2008	09/09/2008	-	Active	NO
13	U01403AP2008PTC060994	CSR AGRITECH PRIVATE LIMITED	Director	11/09/2008	11/09/2008	-	Active	NO
14	U55101AP2010PTC071155	DREAM MEDIRESORTS (VIZAG) PRIVATE LIMITED	Director	04/04/2011	04/04/2011	-	Active	NO

Name :

Chintalapati Girija

Designation :

Director

Address :

MIG -225, TPT Colony, Seetammadara, NE Layout, Visakhapatnam - 530 013, Andhra Pradesh, India

Date of Birth/Age :

01.07.1933

Date of Appointment :

30.01.2007

DIN No.:

01649813

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	U27109AP1988PLC008340	SRINIVASA FERRO ALLOYS LTD	Director	02/09/1991	02/09/1991	-	Active	NO
2	U27101AP1987PLC008133	SHRI GIRIJA SMELTERS LTD	Director	02/09/1991	02/09/1991	-	Active	NO
3	U27101AP2004PTC043091	SHRI GIRIJA ALLOY & POWER (I) PRIVATE LIMITED	Director	30/01/2007	30/01/2007	-	Active	NO
4	U70109WB2000PTC090993	SRI GAYATRI MINERALS PRIVATE LIMITED	Director	02/04/2007	02/04/2007	-	Active	NO
5	U55101AP2010PTC071155	DREAM MEDIRESORTS (VIZAG) PRIVATE LIMITED	Director	04/04/2011	04/04/2011	-	Active	NO
6	U13209AP2012PTC080303	SHRI GIRIJA MINING PRIVATE LIMITED	Director	16/04/2012	16/04/2012	-	Active	NO

Name :

Pericherla Venkata Ramani

Designation :

Director

Address :

MIG -225, TPT Colony, Seetammadara, NE Layout, Visakhapatnam - 530 013, Andhra Pradesh, India

Date of Birth/Age :

16.11.1959

Date of Appointment :

30.01.2007

DIN No.:

01649761

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	U27109AP1988PLC008340	SRINIVASA FERRO ALLOYS LTD	Director	12/08/1992	12/08/1992	-	Active	NO
2	U27101AP1987PLC008133	SHRI GIRIJA SMELTERS LTD	Director	12/08/1992	12/08/1992	-	Active	NO
3	U27101OR1993PTC003252	BRAHMANI FERRO ALLOYS PRIVATE LIMITED	Director	15/02/1993	15/02/1993	-	Active	NO
4	U05004OR1994PTC003556	SRINIVAS MARINE EXPORTS INDIA PVT LTD	Director	23/03/1994	23/03/1994	-	Active	NO
5	U27101OR1993PTC003275	BIRAJA FERRO ALLOYS PVT LTD	Director	01/01/2004	01/01/2004	-	Active	NO
6	U01100AP2004PTC044346	P.V. RAMANI AGROTECH PRIVATE LIMITED	Director	06/10/2004	06/10/2004	-	Active	NO
7	U01119AP2004PTC042461	PERICHERLA AGRO-TECH PRIVATE LIMITED	Director	01/03/2005	01/03/2005	-	Active	NO
8	U01119OR2005PTC008114	BRAHMANI AGRO-TECH PRIVATE LIMITED	Director	13/04/2005	13/04/2005	-	Active	NO
9	U01119OR2005PTC008113	BIRIJA AGRO-TECH PRIVATE LIMITED	Director	13/04/2005	13/04/2005	-	Active	NO
10	U01119AP2005PTC046670	GIRIJA AGRO-TECH PRIVATE LIMITED	Director	28/06/2005	28/06/2005	-	Active	NO
11	U27101AP2004PTC043091	SHRI GIRIJA ALLOY & POWER (I) PRIVATE LIMITED	Director	30/01/2007	30/01/2007	-	Active	NO
12	U27310AP2007PTC055801	VIZAG ISPAT AND ALLOYS PRIVATE LIMITED	Director	05/10/2007	05/10/2007	-	Strike off	NO
13	U45400AP2008PTC060923	CUBE TECHNO PROJECTS PRIVATE LIMITED	Director	09/09/2008	09/09/2008	03/08/2011	Active	NO
14	U01403AP2008PTC060934	VAMSI AGROTECH PRIVATE LIMITED	Director	09/09/2008	09/09/2008	-	Active	NO
15	U55101AP2010PTC071155	DREAM MEDIRESORTS (VIZAG) PRIVATE LIMITED	Director	04/04/2011	04/04/2011	-	Active	NO

Name :

Pericherla Vamsi

Designation :

Director

Address :

MIG -225, TPT Colony, Seetammadara, NE Layout, Visakhapatnam - 530 013, Andhra Pradesh, India

Date of Birth/Age :

08.07.1986

Date of Appointment :

30.01.2007

DIN No.:

02137613

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	U27101OR1993PTC003275	BIRAJA FERRO ALLOYS PVT LTD	Director	01/01/2004	01/01/2004	-	Active	NO
2	U27101OR1993PTC003252	BRAHMANI FERRO ALLOYS PRIVATE LIMITED	Director	29/04/2004	29/04/2004	-	Active	NO
3	U01119AP2004PTC042460	CHINTALAPATI AGRO-TECH PRIVATE LIMITED	Director	09/07/2004	09/07/2004	-	Active	NO
4	U27101AP1987PLC008133	SHRI GIRIJA SMELTERS LTD	Director	14/11/2004	14/11/2004	-	Active	NO
5	U27101AP2004PTC043091	SHRI GIRIJA ALLOY & POWER (I) PRIVATE LIMITED	Director	30/09/2011	01/03/2011	-	Active	NO
6	U65993WB1995PTC157000	BALAJI FINVEST PVT LTD	Director	19/06/2013	19/06/2013	-	Active	NO

Name :

Pericherla Adarsh

Designation :

Director

Address :

MIG -225, TPT Colony, Seetammadara, NE Layout, Visakhapatnam - 530 013, Andhra Pradesh, India

Date of Birth/Age :

08.07.1986

Date of Appointment :

30.01.2007

DIN No.:

02089512

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	U01100AP2004PTC044346	P.V. RAMANI AGROTECH PRIVATE LIMITED	Director	06/10/2004	06/10/2004	-	Active	NO
2	U27109AP2000PTC033664	DECCAN FERRO ALLOYS PRIVATE LIMITED	Director	30/03/2007	30/03/2007	-	Active	NO
3	U26940AP2000PTC033669	SRI GIRI CEMENTS PRIVATE LIMITED	Director	01/06/2007	01/06/2007	-	Under Process of Striking off	NO
4	U27109AP1989PTC010496	SHRI GISAN STEEL CASTINGS AND FORGINGS PVT LTD	Director	01/06/2007	01/06/2007	-	Active	NO
5	U45202OR2008PTC010357	RAGHU VENTURES PRIVATE LIMITED	Director	03/10/2008	03/10/2008	-	Active	NO
6	U55101AP2010PTC071155	DREAM MEDIRESORTS (VIZAG) PRIVATE LIMITED	Director	10/11/2010	10/11/2010	-	Active	NO
7	U27101AP2004PTC043091	SHRI GIRIJA ALLOY & POWER (I) PRIVATE LIMITED	Director	30/09/2011	01/03/2011	-	Active	NO
8	U65993WB1995PTC157000	BALAJI FINVEST PVT LTD	Director	19/08/2013	19/08/2013	-	Active	NO

KEY EXECUTIVES

Name :	Ms. Shreedevi
Designation :	Accountant

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2013

Names of Shareholders	No. of Shares
Srinivasa Ferro Alloys Limited	10997500
Shri Girija Smelters (Private) Limited	19995890
Shri Gayatri Minerals Private Limited	40245250
Brahmani Ferro Alloys Private Limited	10400000
Biraja Ferro Alloys Private Limited	5945000
Csr Developers Private Limited	29940000
C.Radha Agrotech Private Limited	750000
Raghu Ventures Private Limited	900000
Chintlapati Sanyasi Raju	399990
C. Girija	500000
Pericharla Venkata Ramani	1099173
C.V.S.S.Raghu Rama Raju	426206
Pericharla Vamsi	290991
Pericharla Adarsh	570000
C.Radha	1440000
M. Mohan Krishna	1100000
Total	125000000

As on 07.03.2014

Names of Allottees	No. of Shares
Balaji Finvest Private Limited, India	7890000
Biraja Agro-Tech Private Limited, India	41000
Biraja Ferro Alloys Private Limited, India	317600
Brahmani Agro- Tech Private Limited, India	90300
Brahmani Ferro Alloys Private Limited, India	678100
C.Gayatri	810000
C. Girija	371200
C.Sanyasi Raju	50000
C.Srinivasa Raju	130000
CVSSRR Raju	2100000
Deccan Ferro Alloys Private Limited, India	7000000
Pericharla Adarsh	700000
Pericharla Vamsi	7730000
Pericharla Venkata Ramani	1885817
C.Radha Agrotech Private Limited, India	264200
Raghu Ventures Private Limited, India	380000
Shri Girija Smelters Limited, India	1110000
Sri Gayatri Minerals Private Limited, India	8208500
Srinivasa Ferro Alloys Limited, India	495600
Amruth Jain	500000
Ashick Jain	100000
Jayabala Jain	250000
Lalitha Bhai	500000
Manish Jain	500000
Mukesh Jain	600000
Narendra Jain	500000
Nikhil Jain	150000
Nilesh Jain	100000
Niramla Jain	250000
Pushpa Jain	250000
Sobha Jain	250000
Sunil Kumar Jain	550000
Yogita Jain	250000

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2013

Category	Percentage
Bodies corporate	95.34
Directors or relatives of Directors	4.66
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer of Generation power and ferro alloys.
Exports :
Products :	Finished Goods
Countries :	· Japan · Malaysia · Italy
Imports :
Products :	Raw Material
Countries :	· South Africa · Indonesia
Terms :
Selling :	L/C, Cash and Credit
Purchasing :	L/C, Cash and Credit

GENERAL INFORMATION

No. of Employees :

20 (Approximately)

Bankers :

Punjab National Bank Hyderabad LCB Branch, Andhra Pradesh, India

Facilities :

Secured Loan	31.03.2011 (Rs. in Millions)	31.03.2010 (Rs. in Millions)
Rupee term loans financial institutions secured	0.383	0.000
Total	0.383	0.000

Banking Relations :	--
Finance Institute:	PNB Investment Services Limited, 10, Rakesh Deep Building, Yusuf Sarai Commercial Complex, Gulmohar Enclave, New Delhi - 110049, Delhi, India
Auditors :
Name :	Gayatri Prasad and Associates Chartered Accountants
Address :	Door No.9-36-18,Pithapur Colony, Visakhapatnam, Andhra Pradesh, India
PAN N Income-tax PAN of auditor or auditor's firm :	AAIPV3089L
Associates/Subsidiaries :	· Srinivasa Ferro Alloys Limited. · Shri Girja Smelters Limited · Shri Girja Smelters Limited · Sri Gayatri Minerals Private Limited

CAPITAL STRUCTURE

AFTER 30.09.2013

Authorised Capital : Rs. 2000.000 Millions

Issued, Subscribed & Paid-up Capital : Rs. 1861.523 Millions

As on 30.09.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
125000000	Equity Shares	Rs.10/- each	Rs. 1250.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
125000000	Equity Shares	Rs.10/- each	Rs. 1250.000 Millions

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
72000000	Equity Shares	Rs.10/- each	Rs. 720.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
26820566	Equity Shares	Rs.10/- each	Rs. 268.206 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011	31.03.2010	31.03.2009
SHAREHOLDERS FUNDS
1] Share Capital		268.206	98.796	0.100
2] Share Application Money		85.952	0.000	20.575
3] Reserves & Surplus		0.127	0.127	0.127
4] -		(0.103)	(0.103)	(0.103)
NETWORTH		354.182	98.820	20.699
LOAN FUNDS
1] Secured Loans		0.383	0.000	0.000
2] Unsecured Loans		1.688	8.688	8.688
TOTAL BORROWING		2.071	8.688	8.688
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		356.253	107.508	29.387
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		30.525	23.155	22.837
Capital work-in-progress		193.503	2.768	1.205
INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000	0.000	0.000
	Sundry Debtors	0.000	0.000	0.000
	Cash & Bank Balances	36.896	64.213	5.277
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	108.336	15.784	0.000
Total Current Assets		145.232	79.997	5.277
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	16.175	0.073	0.000
	Other Current Liabilities	1.401	0.160	0.000
	Provisions	0.000	0.000	0.000
Total Current Liabilities		17.576	0.233	0.000
Net Current Assets		127.656	79.764	5.277
MISCELLANEOUS EXPENSES		4.569	1.821	0.068
TOTAL		356.253	107.508	29.387

Particulars	31.03.2014
Sales Turnover (Approximately)	1600.000

The above information has been parted by Ms. Shreedevi (Accountant)

KEY RATIOS

PARTICULARS	31.03.2011	31.03.2010	31.03.2011
Debt Equity Ratio (Total Debt /Networth)	0.01	0.09	0.42
Current Ratio (Current Asset/Current Liability)	8.28	343.33	0.00

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2009	31.03.2010	31.03.2011
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	0.100	98.796	268.206
Reserves & Surplus	0.127	0.127	0.127
Share Application Money	20.575	0.000	85.952
(Accumulated Losses)	(0.103)	(0.103)	(0.103)
Net worth	20.699	98.820	354.182
Secured Loans	0.000	0.000	0.383
Unsecured Loans	8.688	8.688	1.688
Total borrowings	8.688	8.688	2.071
Debt/Equity ratio	0.420	0.088	0.006

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 one year	Yes
12]	Profitability for last three years	No
13]	Reasons for variation <> 20%	--
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	Yes
20]	Export / Import details (if applicable)	No
21]	Market information	--
22]	Litigations that the firm / promoter involved in	--
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	--
26]	Buyer visit details	--
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	No
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

UNSECURED LOAN

PARTICULARS	31.03.2011 (Rs. in Millions)	31.03.2010 (Rs. in Millions)
Rupee term loans others unsecured	1.688	8.688
Total	1.688	8.688

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10476784	02/01/2014	3,018,500,000.00	CENTRAL BANK OF INDIA	CORPORATE FINANCE BRANCH, BANK STREET, KOTI, HYD ERABAD, ANDHRA PRADESH - 500095, INDIA	B96028089
2	10330044	20/11/2013 *	4,750,000,000.00	PNB INVESTMENT SERVICES LIMITED	10, RAKESH DEEP BUILDING,, YUSUF SARAI COMMERCIAL COMPLEX, GULMOHAR ENCLAVE, NEW DELHI, DELHI - 110049, INDIA	B91792622

* Date of charge modification

FIXED ASSETS

· Land,

· Plant machinery

· Office equipments

· Computer equipments

· Furniture fixtures

· Vehicles

CMT REPORT (Corruption, Money Laundering & Terrorism]

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

1] INFORMATION ON DESIGNATED PARTY

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

2] Court Declaration :

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

3] Asset Declaration :

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

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

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

Charges or investigation registered against subject: None

7] Criminal Records

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

8] Affiliation with Government :

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

9] Compensation Package :

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

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

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

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

CONTRAVENTION

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

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.60.47
UK Pound	1	Rs.100.35
Euro	1	Rs.79.86

INFORMATION DETAILS

Information Gathered by :	PRT
Analysis Done by :	KAR
Report Prepared by :	KVT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	--
--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	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		26

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.