MIRA INFORM REPORT

Report Date :

31.08.2014

IDENTIFICATION DETAILS

Name :	DECCAN ENTERPRISES LIMITED (w.e.f 25.05.2013)
Formerly Known As :	DECCAN ENTERPRISES PRIVATE LIMITED
Registered Office :	B-58, 59, 60, Apie, Balanagar, Hyderabad- 500037, Telangana
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	15.04.1966
Com. Reg. No.:	01- 001109
Capital Investment / Paid-up Capital :	Rs. 30.000 Millions
CIN No.: [Company Identification No.]	U52609TG1966PLC001109
TAN No.: [Tax Deduction & Collection Account No.]	HYDD00095E
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer and seller of Insulators.
No. of Employees :	Information declined by the management.

RATING & COMMENTS

MIRA’s Rating :

Ba (47)

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

Maximum Credit Limit:	USD 1200000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is a well-established company having satisfactory track. Trade relations are reported as fair. Business is active. Payments are reported to be usually correct. The company can be considered good for normal business dealings at usual trade terms and conditions.

NOTES :

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

ECGC Country Risk Classification List – 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	CARE
Rating	Long term bank facilities = BBB
Rating Explanation	Moderate degree of safety and moderate credit risk.
Date	February 06, 2014

Rating Agency Name	CARE
Rating	Short term bank facilities = A3+
Rating Explanation	Moderate degree of safety and higher credit risk.
Date	February 06, 2014

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

Management Non-Cooperative

Contact No.: 91-40-23870111

LOCATIONS

Registered Office :	B-58, 59, 60, Apie, Balanagar, Hyderabad- 500037, Telangana, India
Tel. No.:	91-40-23870111- 15
Fax No.:	91-40-23778699
E-mail:	info@deccan.in accounts@deccan.in
Website :	http://www.deccan.in
Corporate Office / Manufacturing Facility 1 :	B-58-60, APIE Balanagar, Hyderabad – 500037, Telangana, India
Manufacturing Facility 2 :	Located At : · Gujarat

DIRECTORS

AS ON 30.09.2013

Name :

Mr. Om Prakash Jalan

Designation :

Chairman Cum Managing Directors

Address :

521, Gulmohar Avenue, Somajiguda, Hyderabad - 500482, Telangana, India

Date of Birth/Age :

22.09.1941

Date of Appointment :

15.04.1966

DIN No.:

00618096

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	U52609TG1966PLC001109	DECCAN ENTERPRISES LTD	Managing director	15/04/1966	15/04/1966	-	Active	NO
2	U52110TG1991PTC012831	DECCAN AGENCIES PRIVATE LIMITED	Director	19/06/1991	19/06/1991	-	Active	NO
3	U45200TG1990PTC010858	PARAMOUNT COLONISERS PVT LTD	Director	11/01/1995	11/01/1995	-	Strike off	NO
4	U28990TG1997PLC026638	DECCAN AUTOMOBILES LIMITED	Director	12/03/1997	12/03/1997	-	Active	NO
5	L17110AP1986PLC009021	SANGHI POLYESTERS LIMITED	Additional director	31/07/2008	31/07/2008	-	Active	NO
6	U74999TG1989PTC010630	DECCAN INDUSTRIAL PRODUCTS PVT. LTD.	Director	30/09/2009	27/08/2009	-	Active	NO
7	U65993AP1989PTC010219	SECUNDERABAD INVESTMENTS PVT. LTD.	Director	18/11/2009	18/11/2009	-	Strike off	NO

Name :

Ms. Sudha Jalan

Designation :

Director

Address :

521, Gulmohar Avenue, Somajiguda, Hyderabad - 500482, Telangana, India

Date of Birth/Age :

08.10.1946

Date of Appointment :

22.04.1972

DIN No.:

00618122

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	U52609TG1966PLC001109	DECCAN ENTERPRISES LTD	Director	22/04/1972	22/04/1972	-	Active	NO
2	U52110TG1991PTC012831	DECCAN AGENCIES PRIVATE LIMITED	Director	01/10/1991	01/10/1991	-	Active	NO
3	U45200TG1990PTC010858	PARAMOUNT COLONISERS PVT LTD	Director	11/01/1995	11/01/1995	-	Strike off	NO
4	U18100TG1999PTC032196	DECCAN ENSEMBLE PRIVATE LIMITED	Director	28/07/1999	28/07/1999	-	Active	NO
5	U28990TG1997PLC026638	DECCAN AUTOMOBILES LIMITED	Director	28/01/2002	28/01/2002	-	Active	NO

Name :

Mr. Vikas Jalan

Designation :

Managing director

Address :

521, Gulmohar Avenue, Somajiguda, Hyderabad - 500482, Telangana, India

Date of Birth/Age :

02.06.1970

Date of Appointment :

30.09.2013

DIN No.:

00618142

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	U45200TG1990PTC010858	PARAMOUNT COLONISERS PVT LTD	Director	04/01/1990	04/01/1990	-	Strike off	NO
2	U52110TG1991PTC012831	DECCAN AGENCIES PRIVATE LIMITED	Director	19/06/1991	19/06/1991	-	Active	NO
3	U28990TG1997PLC026638	DECCAN AUTOMOBILES LIMITED	Managing director	12/03/1997	12/03/1997	-	Active	NO
4	U52609TG1966PLC001109	DECCAN ENTERPRISES LTD	Managing director	30/09/2013	28/05/1998	-	Active	NO
5	U74999TG1989PTC010630	DECCAN INDUSTRIAL PRODUCTS PVT. LTD.	Director	22/04/1999	22/04/1999	-	Active	NO
6	U65920TG1989PTC010398	SHREYAS FINANCE PVT. LTD.	Director	19/07/2000	19/07/2000	-	Active	NO
7	U65993AP1989PTC010219	SECUNDERABAD INVESTMENTS PVT. LTD.	Director	30/08/2000	30/08/2000	-	Strike off	NO
8	U99999MH1970GAP014629	INDIAN ELECTRICAL AND ELECTRONICS MANUFACFTURERS ASSOCIATION	Director	28/09/2012	21/10/2011	-	Active	NO

Name :

Kavita Jalan

Designation :

Director

Address :

521, Gulmohar Avenue, Somajiguda, Hyderabad - 500482, Telangana, India

Date of Birth/Age :

25.12.1968

Date of Appointment :

16.10.1998

DIN No.:

00618119

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	U52609TG1966PLC001109	DECCAN ENTERPRISES LTD	Director	16/10/1998	16/10/1998	-	Active	NO
2	U18100TG1999PTC032196	DECCAN ENSEMBLE PRIVATE LIMITED	Director	28/07/1999	28/07/1999	-	Active	NO

Name :

Mr. Sridharan Govindaswamy

Designation :

Director

Address :

9/3, Rajagopalan, 2^nd Street, Valmiki Nagar, Thiruvanmiyur, Chennai - 600041, Tamilnadu, India

Date of Birth/Age :

21.07.1942

Date of Appointment :

05.07.1988

DIN No.:

00384638

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	U52609TG1966PLC001109	DECCAN ENTERPRISES LTD	Director	05/07/1988	05/07/1988	-	Active	NO
2	U74999TN1989PTC018311	NAGAM PRIVATE LIMITED	Director	09/11/1989	09/11/1989	-	Active	NO
3	U30009WB1998PLC087168	TECHNISCHE SOFTWARE & SYSTEMS INDIA LIMITED	Director	30/10/1998	30/10/1998	-	Active	NO
4	U72100WB1998PLC088174	VERTEX SYSTEMS LIMITED	Director	30/10/1998	30/10/1998	-	Active	NO
5	U01119TN2002PTC048245	ADADI PLANTATION PRIVATE LIMITED	Director	18/04/2005	18/04/2005	-	Converted to LLP and dissolved	NO
6	U72112MP1922PLC000060	HOPE TEXTILES LTD	Director	29/06/2005	29/06/2005	-	Active	NO
7	U24292KA1989PTC023435	SUA EXPLOSIVES ANDACCESSORIES Private Limited	Additional director	10/03/2010	10/03/2010	17/06/2010	Active	NO
8	U30003KA1951PLC024092	MATHESON BOSANQUET ENTERPRISES LIMITED.	Additional director	16/04/2010	16/04/2010	08/07/2011	Active	NO
9	U72900TN2012PTC083949	EFFULGENT SOFTWARE AND ENGINEERING PRIVATE LIMITED	Director	11/01/2012	11/01/2012	-	Active	NO
10	U74999TN2012PTC084579	ASAL EXPORT PRIVATE LIMITED	Director	21/02/2012	21/02/2012	-	Active	NO
11	U51109WB1981PLC033606	PODDAR UDYOG LIMITED	Director	28/09/2012	12/03/2012	-	Active	NO
12	U45400TN2012PTC087759	NAGAM DESIGN AND DETAILING PRIVATE LIMITED	Director	21/09/2012	21/09/2012	-	Active	NO
13	U65993KA1955PLC024548	LUCKY VALLEY INVESTMENTS AND HOLDINGS LIMITED	Director	26/08/2013	28/06/2013	-	Active	NO
14	U74999DL2004PTC127108	MATANGI RUBBER PRIVATE LIMITED	Director	09/10/2013	09/10/2013	-	Active	NO

Name :

Ms Jyothi Modi

Designation :

Director

Address :

11-A, Kondi Chetty Street, Chennai, Tamilnadu, India

Date of Birth :

21.07.1952

Date of Appointment :

05.07.1988

DIN No.:

00900984

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	U29210TN1980PTC008363	AGRO PIPES PRIVATE LIMITED	Managing director	02/03/1981	02/03/1981	-	Active	NO
2	U52609TG1966PLC001109	DECCAN ENTERPRISES LTD	Director	05/07/1988	05/07/1988	-	Active	NO
3	U25209TN2005PTC057734	REMO PLASTICS PRIVATE LIMITED	Director	05/10/2005	05/10/2005	-	Strike off	NO

Name :

Mr. Sambasiva Rao Aluri

Designation :

Director

Address :

A-12/4, Road No.3, Habsiguda, Hyderabad, Andhra Pradesh

Date of Birth/Age :

20.05.1947

Date of Appointment :

11.11.1999

DIN No.:

00622184

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	U65920TG1989PTC010398	SHREYAS FINANCE PVT. LTD.	Director	29/08/1989	29/08/1989	-	Active	NO
2	U32204TG1992PTC014085	HARA COMMUNICATIONS PRIVATE LIMITED	Director	08/04/1992	08/04/1992	-	Active	NO
3	U25209TG1997PTC027845	A AND S POLYMER PROEUCTS PRIVATE LIMITED	Director	28/08/1997	28/08/1997	-	Active	NO
4	U72200TG1998PTC029648	HARA SOFTECH PRIVATE LIMITED	Director	24/06/1998	24/06/1998	-	Active	NO
5	U67200TG1999PTC031959	HARA INDUSTRIES PRIVATE LIMITED	Director	23/06/1999	23/06/1999	-	Active	NO
6	U52609TG1966PLC001109	DECCAN ENTERPRISES LTD	Director	11/11/1999	11/11/1999	-	Active	NO
7	U72200TG2000PLC033917	NEW HORIZONS CYBERSOFT LIMITED	Director	20/03/2000	20/03/2000	-	Active	NO

Name :

Mr. Mahendra Agarwal

Designation :

Director

Address :

2-A, 8-2-415/1, Road No.4, Banjara Hills, Hyderabad – 500034, Telangana, India

Date of Birth/Age :

13.03.1954

Date of Appointment :

04.02.2004

DIN No.:

00179779

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	L65910AP1973PLC031293	TCI FINANCE LIMITED	Director	22/11/1991	22/11/1991	-	Active	NO
2	L74999TG1965PLC001551	TCI INDUSTRIES LIMITED	Director	23/06/1994	23/06/1994	-	Active	NO
3	L63011TG1995PLC020121	GATI LIMITED	Managing director	01/08/2011	25/04/1995	-	Active	NO
4	U52609TG1966PLC001109	DECCAN ENTERPRISES LTD	Director	04/02/2004	04/02/2004	-	Active	NO
5	U45200MH1995PTC091379	TCI TELENET SOLUTIONS PRIVATE LIMITED	Director	05/11/2012	04/06/2004	-	Active	NO
6	U67190TG2004PTC058625	MAHENDRA INVESTMENT ADVISORS PRIVATE LIMITED	Director	05/08/2004	05/08/2004	-	Active	NO
7	U51109TG2002PTC039141	AMRIT JAL VENTURES Private Limited	Director	25/09/2007	29/12/2006	-	Active	NO
8	U74899TG1984PLC089495	GATI KAUSAR INDIA LIMITED	Director	22/09/2008	22/01/2008	29/06/2012	Active	NO
9	U60232TG2008PLC057692	GATI IMPORT EXPORT TRADING LIMITED	Director	20/02/2008	20/02/2008	16/02/2011	Active	NO
10	L17110AP1986PLC009021	SANGHI POLYESTERS LIMITED	Additional director	31/07/2008	31/07/2008	-	Active	NO
11	U91110MH1997NPL106153	EXPRESS INDUSTRY COUNCIL OF INDIA	Nominee director	24/09/2010	24/09/2010	-	Active	NO
12	U63010TG2011PLC077003	GATI EXPRESS DISTRIBUTION LIMITED	Director	17/10/2011	17/10/2011	29/06/2012	Amalgamated	NO
13	U62200TG2007PTC056311	GATI-KINTETSU EXPRESS Private Limited	Managing director	30/11/2012	10/05/2012	-	Active	NO

Name :

Mallela Srinivas

Designation :

Director

Address :

401B, RC Puram, Nalagonda Bhel, Medak, Hyderabad – 502032, Telangana, India

Date of Birth/Age :

14.09.1969

Date of Appointment :

30.09.2013

Experience :

06456445

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	U52609TG1966PLC001109	DECCAN ENTERPRISES LTD	Director	30/09/2013	10/12/2012	-	Active	NO

MAJOR SHAREHOLDERS

AS ON 30.09.2013

Names of Shareholders	No. of Shares
Ompraksh Jalan	1658280
Vikas Jalan	758130
Sudha Jalan	483462
Shubhkaran Jalan	150
Mahesh Kumar Khemka	1110
Shree Gopal Jalan	150
Bimla devi Jalan	150
Kavita Jalan	11175
Promod Jalan	150
Bela Jalan	150
Anandi Devi Jalan	150
Shree Narayan Jalan	300
Manju Jalan	150
Ritu Jalan	150
Sanjay Jalan	1200
Sumita Jalan	150
Kohinoor Tradin Private Limited, India	150
Deccan Industrial Products Private Limited, India	84843
Total	3000000

AS ON 30.09.2013

Equity shares:
Category	Percentage
Bodies corporate	2.83
Directors or relative of Directors	97.17
Total:	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer and seller of Insulators.
Products :	Rubber Products

GENERAL INFORMATION

No. of Employees :

Information declined by the management.

Bankers :

State Bank of India, Commercial Branch, Ashoka My Home Chambers, S.P. Road, Secunderabad - 500003, Telangana, India

Facilities :

SECURED LOANS	31.03.2013 (Rs. in Millions)	31.03.2012 (Rs. in Millions)
LONG TERM BORROWINGS
Term loans from Bank	34.789	52.331
SHORT TERM BORROWINGS
Loans from Bank
Cash Credit Facility	36.757	60.045
Total	71.546	112.376

Note :

LONG TERM BORROWINGS

Term Loans from Banks are from State Bank of India, secured by hypothecation of Plant and Machinery and Collaterally Secured by Equitable Mortgage of Factory Land & Building of the company and EM of residential flat at Bangalore standing in the name of Deccan Automobiles Limited and also guaranteed by three Directors of the command along with corporate Guarantee of Deccan Automobiles Limited. The term loans payable on quarterly instalment and all term loans would be repaid by 2016-17 and carries interest @ 12.50% to 12.65%p.a.

SHORT TERM BORROWINGS

Cash Credit from State Bank of India, secured by hypothecation of Stocks, book debts and other current assets of the company and extension of charge (Hyp) on fixed assets of the company and Collaterally Secured by EM of residential fiat at Bangalore standing in the name of Deccan Automobiles Limited and also guaranteed by three Directors of tile company along with corporate Guarantee of Deccan Automobiles Limited. The cash credit loan payable on demand and carries interest @ 12.25% to 15.25%p.a.

Banking Relations :	--
Auditors :
Name :	Venugopal and Chenoy Chartered Accountants
Address :	4-1-889/16/2, Tilak Road, Hyderabad - 500001, Telangana, India
Tel No.:	91-40-24753454 / 24752853/ 24753852
Fax No.:	91-40- 24756885
E Mail:	info@venugopalandchenoy.com
Pan No.:	AGKPP3972G

CAPITAL STRUCTURE

AS ON 30.09.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
5000000	Equity Shares	Rs.10/- each	Rs.50.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
3000000	Equity Shares	Rs.10/- each	Rs.30.000 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	30.000	30.000	30.000
(b) Reserves & Surplus	263.495	235.836	216.503
(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)	293.495	265.836	246.503
(3) Non-Current Liabilities
(a) long-term borrowings	38.795	56.336	38.188
(b) Deferred tax liabilities (Net)	4.717	6.734	0.000
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	3.678	3.391	1.100
Total Non-current Liabilities (3)	47.190	66.461	39.288
(4) Current Liabilities
(a) Short term borrowings	36.757	60.045	45.357
(b) Trade payables	27.249	66.854	29.265
(c) Other current liabilities	22.905	34.764	27.894
(d) Short-term provisions	8.717	6.974	5.597
Total Current Liabilities (4)	95.628	168.637	108.113
TOTAL	436.313	500.934	393.904
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	230.568	237.130	209.133
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.951	0.951	0.951
(c) Deferred tax assets (net)	0.000	0.000	1.325
(d) Long-term Loan and Advances	9.786	11.850	5.446
(e) Other Non-current assets	9.952	13.110	10.164
Total Non-Current Assets	251.257	263.041	227.019
(2) Current assets
(a) Current investments	0.500	20.500	0.500
(b) Inventories	58.659	100.681	61.548
(c) Trade receivables	83.817	67.707	66.146
(d) Cash and cash equivalents	6.453	6.474	3.323
(e) Short-term loans and advances	26.263	25.500	25.836
(f) Other current assets	9.364	17.031	9.532
Total Current Assets	185.056	237.893	166.885
TOTAL	436.313	500.934	393.904

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2013	31.03.2012	31.03.2011
	SALES
	Revenue from operations	424.503	381.889	220.962
	Other Income	24.587	21.873	15.921
	TOTAL (A)	449.090	403.762	236.883
Less	EXPENSES
	Cost of Materials Consumed	251.111	248.981	125.750
	Purchases of Stock-in-Trade	0.000	0.000	0.000
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	0.051	(13.416)	(7.654)
	Employees benefits expense	25.621	23.400	17.103
	Research and Development Expenditure	11.140	4.628	0.000
	Other expenses	66.998	52.208	37.717
	TOTAL (B)	354.921	315.801	172.916
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	94.169	87.961	63.967
Less	FINANCIAL EXPENSES (D)	18.913	22.823	12.524
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	75.256	65.138	51.443
Less/ Add	DEPRECIATION/ AMORTISATION (F)	25.028	18.875	17.188
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	50.228	46.263	34.255
Less	TAX (H)	12.362	11.381	12.257
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)	37.866	34.882	21.998
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD	62.450	44.514	30.113
Less	APPROPRIATIONS
	Transfer to General Reserve	5.000	3.000	2.000
	Dividend	7.500	6.000	4.800
	Deferred Tax Payment	0.000	6.973	0.000
	Tax on Dividend	1.217	0.973	0.797
	Total	13.717	16.946	7.597
	BALANCE CARRIED TO THE B/S	86.599	62.450	44.514
	EARNINGS IN FOREIGN CURRENCY
	Dividend Received	16.549	15.871	10.495
	TOTAL EARNINGS	16.549	15.871	10.495
	IMPORTS
	Raw Materials	75.344	159.998	72.563
	Components and Stores parts	0.082	0.116	0.000
	Others	0.000	0.000	3.028
	Packing Materials and Machinery	0.039	6.339	1.179
	TOTAL IMPORTS	75.465	166.453	76.770
	Earnings / (Loss) Per Share (Rs.)	12.620	11.630	7.330

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	8.43	8.64	9.29
Net Profit Margin (PBT/Sales)	(%)	11.83	12.11	15.50
Return on Total Assets (PBT/Total Assets}	(%)	11.54	9.25	8.75
Return on Investment (ROI) (PBT/Networth)		0.171	0.174	0.139
Debt Equity Ratio (Total Debt /Networth)		0.26	0.44	0.34
Current Ratio (Current Asset/Current Liability)		1.94	1.41	1.54

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	30.000	30.000	30.000
Reserves & Surplus	216.503	235.836	263.495
Net worth	246.503	265.836	293.495
long-term borrowings	38.188	56.336	38.795
Short term borrowings	45.357	60.045	36.757
Total borrowings	83.545	116.381	75.552
Debt/Equity ratio	0.339	0.438	0.257

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)
Revenue from operations	220.962	381.889	424.503
		72.830	11.159

NET PROFIT MARGIN

Net Profit Margin	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Revenue from operations	220.962	381.889	424.503
Profit/(Loss) After Tax	21.998	34.882	37.866
	9.96%	9.13%	8.92%

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	No
10]	Designation of contact person	No
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	Yes

CHARGES

 ENTITY

 PERSON

COMPETENT AUTHORITY

 REGULATORY CHARGES

 REGULATORY ACTION(S) / DATE OF ORDER

 FURTHER DEVELOPMENTS

DECCAN ENTERPRISES

EPFO 

EXEMPTED AND UNEXEMPTED ESTABLISHMENTS DEFAULTED WITH EPFO INCLUDING PROVIDENT FUND, PENSION AND EDLI CONTRIBUTION, ADMINISTRATION CHARGES AND PENAL DAMAGES OF RS.4.899 MILLIONS

AMONG OTHER ACTIONS, NAMES OF DEFAULTERS PUT ON THE EPFO WEBSITE

31-MARCH-2012

NOTE:

The registered office of the company has been shifted from No.5 R.P Road, Secundrabad- 500003, Andhra Pradesh, India to the present address w. e. .f 01.04.2007

PERFORMANCE

The Gross Turnover at Rs 486.372 Millions was higher by 11.56% compared to Rs 430.124 Millions to the previous year. The Gross Profit for the year ( PBT ) increased by 8.57% to Rs 50.228 Millions against previous year's of Rs.46.263 Millions. The Net Profit at Rs 37.866 Millions was higher by 8.55% compared Rs.34.882 Millions in the previous year.

UNSECURED LOANS

PARTICULAR	31.03.2013 (Rs. in Millions)	31.03.2012 (Rs. in Millions)
LONG TERM BORROWINGS
Loans from shareholders	4.006	4.005
Total	4.006	4.005

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10014119	21/06/2006	16,000,000.00	STATE BANK OF INDIA	COMMERCIAL BRANCH, KOTI, BANK STREET, HYDERABAD,  TELANGANA - 500095, INDIA	A02300127
2	90129952	12/05/2014 *	343,000,000.00	STATE BANK OF INDIA	COMMERCIAL BRANCH, MID CORPORATE GROUP, ASHOKA MY  HOME CHAMBERS, S. P. ROAD, SECUNDERABAD, TELANGANA - 500003, INDIA	C06070072

* Date of charge modification

Fixed Assets:

• Land
• Factory Building
• Office Building
• Plant and Machinery
• Electrical Installation
• Office Equipments
• Air Conditioner
• Furniture and Fixture
• Motors car and Motor Cycle
• Moulds and Dyes
• Research and Development
• Laboratory Testing equipments
• Computers
• Capital work in progress

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 records 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 :	PLK
Analysis Done by :	SUB
Report Prepared by :	SNT

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	5
--RESERVES	1~10	5
--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		47

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.