MIRA INFORM REPORT

Report Date :

04.12.2014

IDENTIFICATION DETAILS

Name :	CHETTINAD CEMENT CORPORATION LIMITED
Registered Office :	Rani Seethai Hall Building No.603, Anna Salai, Chennai – 600006, Tamil Nadu
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	11.12.1962
Com. Reg. No.:	18-004947
Capital Investment / Paid-up Capital :	Rs.382.000 Million
CIN No.: [Company Identification No.]	U93090TN1962PLC004947
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	CHEC00061F
PAN No.: [Permanent Account No.]	AAACC3130A
Legal Form :	A Closely Held Public Limited Liability Company.
Line of Business :	Subject is engaged in the Manufacturing and Sale of Cement.
No. of Employees :	Information declined by the management.

RATING & COMMENTS

MIRA’s Rating :

A (59)

RATING		STATUS	PROPOSED CREDIT LINE
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

Maximum Credit Limit :	USD 36000000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is an established company having good track record. Fundamentals of the company is decent. Financial position of the company is strong and healthy. Trade relation to be fair. Business is active. Payment terms are reported to be regular and as per commitment. The company can be considered normal for 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

Verdict Implications : Apex court order may alter coal import dynamics. Traders go slow on talks over coal supply contracts, uncertainty over cancellation of blocks weigh on stocks.

Recent arrest of the Chennai head of the Registrar of Companies, the ministry of corporate affairs arm that ensures that companies file all the information required by the Companies Act is the latest manifestation of a messy fight between a father and his adopted son for the control of Rs 40000 mn business empire. The Central Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10 lakhs as bribe from M A M Ramaswamy, a CBI official said.

Central Bureau of Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.

Infosys maintains revenue guidance. COO Rao says attrition still an area of concern and it would take a few more quarters to bring down levels to 13-15 %.

DHL  to invest Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its e-commerce business model for the Asia-Pacific region.

Blackstone may buy stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.

Kingfisher Airlines Ltd grounded in October 2012 under the weight of heavy debt and accumulated losses, recently approached the Delhi high court for relief in two separate cases. The airline challenged a notice by Punjab & National Bank alleging that It had wilfully defaulted on Rs 7700 mn of loans and sought more time to comply with the requirements under the listing agreements with the Stock Exchanges.

OnMobile likely to sack another 300 employees. The lay-offs follow a spate of senior-level exits over the past two years, starting with of its founder. The overall lay-offs could number around 600 and are driven by the need to cut costs, says a former employee.

EXTERNAL AGENCY RATING

Not Available

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-Co-operative (91-4428292727)

LOCATIONS

Registered Office :	Rani Seethai Hall Building No.603, Anna Salai, Chennai – 600006, Tamil Nadu, India
Tel. No.:	91-4428292727
Fax No.:	Not Available
E-Mail :	hariharan.s@chettinadcement.com

DIRECTORS

As on 27.08.2014

Name :

Mamr Muthiah

Designation :

Managing Director

Address :

Chettinad House, 17-18 Greenways Road, RA Puram, Chennai – 600028, Tamil Nadu, India

Date of Birth/Age :

31.05.1971

Date of Appointment :

28.09.2013

DIN No.:

00802807

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	U24246TN1991PTC020235	Chettinad Morimura Semiconductor Material Private Limited	Managing director	24/07/1996	24/07/1996	-	Active	NO
2	U93090TN1962PLC004947	CHETTINAD CEMENT CORPORATION LIMITED	Managing director	28/09/2013	18/05/1998	-	Active	NO
3	U28120MH2000PTC128675	Chennai Container Terminal Private Limited	Director	07/09/2001	07/09/2001	16/04/2008	Active	NO
4	U74999TN1910NPL002343	SOUTHERN INDIA CHAMBER OF COMMERCE & INDUSTRY	Director	24/09/2008	24/09/2008	-	Active	NO
5	U74999TN1922NPL001455	MADRAS RACE CLUB	Director	03/08/2009	03/08/2009	09/05/2014	Active	NO
6	U80902TN2011NPL081862	CHETTINAD EDUCATIONAL INSTITUTIONS	Director	10/08/2011	10/08/2011	-	Active	NO

Name :

K. Ganapathy

Designation :

Director

Address :

12/15 Kanakasabai Nagar, Chidambaram, Cuddalore – 608001, Tamil Nadu, India

Date of Birth/Age :

21.07.1936

Date of Appointment :

25.07.1994

DIN No.:

00947364

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	U93090TN1962PLC004947	CHETTINAD CEMENT CORPORATION LIMITED	Director	25/07/1994	25/07/1994	-	Active	NO
2	U74999TN1922NPL001455	MADRAS RACE CLUB	Director	02/09/2005	02/09/2005	-	Active	NO

Name :

L. Muthukrishnan

Designation :

Director

Address :

1C, Seashellsapts, 31 Old No.10 Beach Road, Kalakshetra Colony, Besant Nagar, Chennai – 600090, Tamil Nadu, India

Date of Birth/Age :

13.11.1944

Date of Appointment :

25.09.2012

DIN No.:

01758013

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	U27209TN1966PLC005452	CHETTINAD STRUCTURAL & ENGINEERING LIMITED	Director	17/03/1990	17/03/1990	30/11/2010	Active	NO
2	U74140TN2012PTC083855	CHETTINAD HOLDINGS PRIVATE LIMITED	Director	03/01/2012	03/01/2012	24/07/2012	Active	NO
3	U20231TN2011PTC081242	INDUS GREENGOLD INDIA PRIVATE LIMITED	Director	31/03/2012	31/03/2012	-	Active	NO
4	U93090TN1962PLC004947	CHETTINAD CEMENT CORPORATION LIMITED	Director	25/09/2012	15/05/2012	-	Active	NO

Name :

SK Prabakar

Designation :

Director

Date of Birth/Age :

15.01.1966

Date of Appointment :

12.02.2013

PAN No.:

01238040

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	U93090TN1949SGC001458	TAMILNADU INDUSTRIAL INVESTMENT CORPORATION LIMITED	Managing director	13/12/2012	03/01/2007	-	Active	NO
2	U74999TN1970SGC005821	TAMILNADU SMALL INDUSTRIES DEVELOPMENT CORPORATION LIMITED	Nominee director	24/12/2012	24/01/2007	-	Active	NO
3	U74999TN1971SGC005967	STATE INDUSTRIES PROMOTION CORPORATION OF TAMILNADU LIMITED	Director	18/05/2012	01/03/2007	-	Active	NO
4	U74210TN1979PLC007894	ITCOT CONSULTANCY AND SERVICES LIMITED	Nominee director	08/03/2013	22/03/2007	-	Active	NO
5	L21012TZ1960PLC000364	SESHASAYEE PAPER AND BOARDS LIMITED	Nominee director	02/02/2013	23/03/2007	-	Active	NO
6	U93090TN1962PLC004947	CHETTINAD CEMENT CORPORATION LIMITED	Nominee director	12/02/2013	23/04/2007	-	Active	NO
7	U27209TN1977SGC007291	ELECTRONICS CORPORATION OF TAMILNADU LIMITED	Director	23/06/2012	03/03/2012	27/08/2013	Active	NO
8	U64204TN2007SGC064958	TAMILNADU ARASU CABLE T.V. CORPORATION Public Limited	Director	03/03/2012	03/03/2012	11/09/2013	Active	NO
9	U45209TN2007PLC064060	TIDEL PARK COIMBATORE LIMITED	Nominee director	21/12/2012	21/03/2012	28/09/2013	Active	NO
10	U45203TN2003PLC050703	IT EXPRESSWAY LIMITED	Director	31/12/2012	29/03/2012	27/08/2013	Active	NO
11	U74999TN1997PLC039523	TIDEL PARK LIMITED	Director appointed in casual vacancy	30/03/2012	30/03/2012	30/09/2013	Active	NO
12	U73100TN2006NPL059651	IIT MADRAS RESEARCH PARK	Director	27/09/2012	27/08/2012	-	Active	NO
13	U75113TN2004NPL053490	GUINDY INDUSTRIAL ESTATE INFRASTRUCTURE UPGRADATION COMPANY	Nominee director	12/02/2013	12/02/2013	-	Active	NO
14	U74999TN1922NPL001455	MADRAS RACE CLUB	Nominee director	27/08/2013	27/08/2013	-	Active	NO
15	U93090TN1983SGC010048	TAMILNADU STATE MARKETING CORPORATION LIMITED	Director	10/09/2013	10/09/2013	-	Active	NO

Name :

R. Ramakrishnan

Designation :

Director

Date of Birth/Age :

26.03.1946

Date of Appointment :

30.07.2014

PAN No.:

00809342

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	U22121TN1970PLC005916	DINAMANI PUBLICATIONS LIMITED	Director	03/11/1970	03/11/1970	28/09/2007	Active	NO
2	U74999TN1922NPL001455	MADRAS RACE CLUB	Director	25/09/1996	25/09/1996	-	Active	NO
3	U55101TN1997PTC038809	SWETHA ENTERPRISES PRIVATE LIMITED	Managing director	18/06/1999	18/06/1999	-	Active	NO
4	U99999KA1962PLC001449	BANGALORE TURF CLUB LIMITED	Director	25/09/2006	25/09/2006	29/09/2008	Active	NO
5	U51393KA2007PTC043056	SAASHA LIFE STYLE PRODUCTS PRIVATE LIMITED	Director	07/06/2007	07/06/2007	06/08/2008	Active	YES
6	U29309TN1989PTC017819	GLOBAL POWERTECH EQUIPMENTS Private Limited	Additional director	31/01/2008	31/01/2008	22/10/2008	Active	NO
7	L65921TN1985PLC070358	ENNORE COKE LIMITED	Director	22/09/2014	31/10/2008	-	Active	NO
8	U52333KA2008PTC048265	Simply Sofas Private Limited	Director	14/11/2008	14/11/2008	-	Active	NO
9	U52399KA2009PTC048771	STANLEY BOUTIQUE PRIVATE LIMITED	Director	01/01/2009	01/01/2009	-	Active	NO
10	L35921TN1992PLC022845	TVS MOTOR COMPANY LIMITED	Director	14/07/2014	11/03/2009	-	Active	NO
11	L45201TN1988PLC015521	PREMIER ENERGY AND INFRASTRUCTURE LIMITED	Director	29/09/2009	03/06/2009	-	Active	NO
12	U24119TN2009PLC072263	BHARATH COAL CHEMICALS LIMITED	Director	13/07/2009	13/07/2009	09/03/2011	Active	NO
13	U52100KA2009PTC050631	DESIGNO INDIA FURNITURES PRIVATE LIMITED	Director	12/08/2009	12/08/2009	-	Active	NO
14	U52339KA2009PTC050619	DESIGNO LIFE STYLE SOLUTIONS PRIVATE LIMITED	Director	12/08/2009	12/08/2009	-	Active	NO
15	U65920TN2008PLC069758	TVS Credit Services Limited	Director	14/07/2014	03/05/2010	-	Active	NO
16	U15541TN2004PTC054260	HALDIA COKE AND CHEMICALS Private Limited	Director	30/09/2011	12/07/2010	-	Active	NO
17	U52399KA2010PTC055265	THANSA INSPIRATIONS PRIVATE LIMITED	Director	22/09/2010	22/09/2010	-	Active	NO
18	U52110KA2010PTC055315	CANTATA HOME FURNITURES PRIVATE LIMITED	Director	27/09/2010	27/09/2010	-	Active	NO
19	U52110KA2010PTC055314	THANSA HOME FURNITURES PRIVATE LIMITED	Director	27/09/2010	27/09/2010	-	Active	NO
20	U23200TN2012PLC085299	ASIA COKE LIMITED	Director	04/04/2012	04/04/2012	-	Active	NO
21	U52390KA2013PTC072024	DANSONS LIFESTYLE SOLUTIONS PRIVATE LIMITED	Director	22/11/2013	22/11/2013	-	Active	NO
22	U93090TN1962PLC004947	CHETTINAD CEMENT CORPORATION LIMITED	Director	30/07/2014	30/07/2014	-	Active	NO
23	U29249TN1992PLC051417	SUNDARAM AUTO COMPONENTS LIMITED	Director	30/09/2014	30/09/2014	-	Active	NO

Name :

M. Ravindravikram

Designation :

Director

Date of Birth/Age :

18.05.1956

Date of Appointment :

27.08.2014

PAN No.:

00008241

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	U51398TG1987PTC007885	NORMAK FASHIONS PRIVATE LIMITED	Director	18/11/1988	18/11/1988	-	Active	NO
2	U74140TG1992PTC014155	M.ANANDAM CONSULTANCY SERVICES PRIVATE LIMITED	Director	30/04/1992	30/04/1992	-	Active	NO
3	L85110KA1992PLC013421	ASM TECHNOLOGIES LIMITED	Director	28/06/2014	30/06/1998	-	Active	NO
4	U24110TG1995PLC022303	GLOCHEM INDUSTRIES LIMITED	Director	30/09/2014	24/03/1999	-	Active	NO
5	U01119TG1992PTC014048	WINGS INFONET Private Limited	Director	11/05/2000	11/05/2000	-	Active	NO
6	U74140TG2000PTC034461	ASSOCIATED BUSINESS COUNSELLILNG SERVICES PRIVATE LIMITED	Director	10/05/2001	10/05/2001	27/10/2014	Active	NO
7	U25209TN1978PTC007619	A-BOND STRANDS PRIVATE LIMITED	Director	31/07/2002	31/07/2002	-	Active	NO
8	U36911TG2003PTC040714	NORMAK INDIA PRIVATE LIMITED	Director	25/03/2003	25/03/2003	27/10/2014	Active	NO
9	U72200TG2004PTC042465	PYTHIAN INDIA PRIVATE LIMITED	Alternate director	30/04/2004	30/04/2004	14/04/2007	Active	NO
10	U15549TG2004PTC043249	TAZA RICA BEVERAGES PRIVATE LIMITED	Director	14/09/2004	14/09/2004	08/09/2008	Active	NO
11	L27100AP1989PLC010122	ZENOTECH LABORATORIES LIMITED	Additional director	01/10/2009	29/11/2005	26/02/2010	Active	NO
12	L18101AP1962PLC054323	GTN INDUSTRIES LIMITED	Director	17/12/2005	17/12/2005	-	Active	NO
13	U65990MH1993PLC071003	CANARA ROBECO ASSET MANAGEMENT COMPANY LIMITED	Director	26/06/2007	18/04/2007	16/08/2007	Active	NO
14	U93000TG2008PTC057571	PACIFIC RIM ALLIANCE INDIA PRIVATE LIMITED	Director	12/02/2008	12/02/2008	09/05/2008	Active	NO
15	U74900TG2008PTC061647	ESTELLE INDIA PRIVATE LIMITED	Director	31/10/2008	31/10/2008	-	Active	NO
16	U80302TG2002NPL039397	INSTITUTE OF INSURANCE AND RISK MANAGEMENT	Director	17/07/2009	25/03/2009	-	Active	NO
17	U80101TG1995PTC022594	TRIUMPHANT INSTITUTE OF MANAGEMENT EDUCATION PRIVATE LTD.	Director	22/07/2009	22/07/2009	-	Active	NO
18	L65191RJ1943PLC000135	THE BANK OF RAJASTHAN LIMITED	Director	14/12/2009	14/12/2009	-	Amalgamated	NO
19	U40109TG2008PLC061202	AMRELI POWER PROJECTS LIMITED	Director	29/09/2011	03/12/2010	-	Active	NO
20	U65922DL1996PLC249927	Venture Finance & Development Corporation Limited.	Director	28/09/2012	23/08/2012	-	Active	NO
21	U80901TG2012NPL083292	LIFE SKILLS AND LIVELIHOOD SKILLS - INTERNATIONAL	Director	22/04/2013	13/10/2012	-	Active	NO
22	U24239TG2005PTC047102	AHLADA ENGINEERS PRIVATE LIMITED	Director	27/09/2013	23/08/2013	-	Active	NO
23	U40101PN2002PTC152951	SPECTRUM RENEWABLE ENERGY PRIVATE LIMITED	Additional director	03/10/2013	03/10/2013	-	Active	NO
24	U51909TG1981PLC041292	GTN ENGINEERING(INDIA) LIMITED	Director	04/07/2014	04/07/2014	-	Active	NO
25	U93090TN1962PLC004947	CHETTINAD CEMENT CORPORATION LIMITED	Director	27/08/2014	27/08/2014	-	Active	NO

Name :

A. Mohankrishnareddy

Designation :

Director

Date of Birth/Age :

03.05.1956

Date of Appointment :

27.08.2014

PAN No.:

00093185

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	U24110TG1995PLC022303	GLOCHEM INDUSTRIES LIMITED	Director	30/09/2014	24/12/2003	-	Active	NO
2	U74140TG1992PTC014155	M.ANANDAM CONSULTANCY SERVICES PRIVATE LIMITED	Director	01/01/2005	01/01/2005	-	Active	NO
3	U67120TG2005PTC047688	BANYAN SECURITIES AND FINANCIAL SERVICES PRIVATE LIMITED	Director	01/07/2011	02/11/2005	-	Active	NO
4	U74999TG2007PTC053533	Orafin Financial Services Private Limited	Director	11/04/2007	11/04/2007	-	Active	NO
5	U72200TG2007PTC052954	THRIVE SOLAR ENERGY PRIVATE LIMITED	Director	10/11/2007	10/11/2007	11/01/2013	Active	NO
6	U74900TN2008PTC065902	XYLEM SUPPLY CHANGE MANAGEMENT PRIVATE LIMITED	Director	01/01/2008	01/01/2008	21/07/2009	Active	YES
7	U45209TG2008PTC057522	3KOLL CONCRETE SOLUTIONS PRIVATE LIMITED	Director	08/02/2008	08/02/2008	29/04/2013	Active	NO
8	L72200AP1999PLC033131	PALRED TECHNOLOGIES LIMITED	Director	25/09/2009	19/06/2009	-	Active	NO
9	U41000TN2010PTC075859	GREENTECH AQUA PRIVATE LIMITED	Director	19/01/2011	19/01/2011	01/03/2011	Active	NO
10	U74120TG2012NPL081700	HYDERABAD ANGELS FORUM FOR ENTREPRENEURSHIP DEVELOPMENT	Director	28/06/2012	28/06/2012	18/07/2014	Active	NO
11	U01122TG2004PTC042837	SRESTA NATURAL BIOPRODUCTS PRIVATE LIMITED	Nominee director	30/09/2013	30/08/2013	-	Active	NO
12	L74210TG1987PLC007580	ALPHAGEO (INDIA) LIMITED	Director	26/09/2014	29/05/2014	-	Active	NO
13	U93090TN1962PLC004947	CHETTINAD CEMENT CORPORATION LIMITED	Director	27/08/2014	27/08/2014	-	Active	NO

Name :

Bhavna G. Desai

Designation :

Director

Date of Birth/Age :

09.09.1962

Date of Appointment :

27.08.2014

PAN No.:

06893242

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	U27310MH2007PLC194166	ARDENT STEEL LIMITED	Director	20/09/2014	31/07/2014	-	Active	NO
2	U40102CT2009PLC021285	GODAWARI GREEN ENERGY LIMITED	Director	27/09/2014	31/07/2014	-	Active	NO
3	L27106CT1999PLC013756	GODAWARI POWER AND ISPAT LIMITED	Director	27/09/2014	09/08/2014	-	Active	NO
4	U93090TN1962PLC004947	CHETTINAD CEMENT CORPORATION LIMITED	Director	27/08/2014	27/08/2014	-	Active	NO

KEY EXECUTIVES

Name :	S Hariharan
Designation :	Secretary
Address :	‘Shrusti’ Flat ‘B’ No.77, Natarajan Street, Dhanalakshmi Colony Extn, Vadapalani, Chennai – 600026, Tamil Nadu, India
Date of Birth/Age :	28.11.1969
Date of Appointment :	16.02.2002
PAN No. :	AAVPH8700M

MAJOR SHAREHOLDERS

As on 27.08.2014

SHAREHOLDERS FILE ATTACHED

As on 27.08.2014

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Public financial companies	3.23
Nationalized or other banks	0.01
Mutual funds	0.01
Foreign holdings	0.04
Bodies corporate	0.06
Directors or relatives of Directors	95.14
Other top fifty shareholders	0.30
Others	1.21
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged in the Manufacturing and Sale of Cement.

Products :

Item Code No. (ITC Code)	Product Description
25232901	Cement

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Available

Imports :

Not Available

Terms :

Selling :

Not Available

Purchasing :

Not Available

PRODUCTION STATUS = NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Not Divulged

Customers :

Not Divulged

No. of Employees :

Information declined by the management.

Bankers :

· State Industries Promotion Corporation of Tamil Nadu Limited (SIPCOT), 19-A, Rukmani Lakshmipathy Road, Post Box No. 7223, Egmore, Chennai – 600008, Tamil Nadu, India

· Central Bank of India, Industrial Finance Branch, 48/49, Montieth Road, Chennai – 600008, Tamil Nadu, India

· Canara Bank, Prime Corporate Branch, 770, Anna Salai, Chennai – 600002, Tamil Nadu, India

Facilities :

SECURED LOANS	31.03.2014 (Rs. in Millions)	31.03.2013 (Rs. in Millions)
LONG TERM BORROWINGS
Rupee term loans from banks	1489.000	2381.700
Term Loans from Others	700.700	424.400
SHORT TERM BORROWINGS
Loans repayable on demand from banks	1995.400	346.700
Total	4185.100	3152.800

Auditors 1:
Name :	P. B. Vijayaraghavan and company Chartered Accountants
Address :	27, Cathedral, Garden Road, Nungambakkam, Chennai 600034 India
PAN No.:	AAAFV3332L
Auditors 2:
Name :	Krishaan and Company Chartered Accountants
Address :	Flat No 10, C-Wing VI, Floor Parsn, Manere 442, (602) Anna Salai, Chennai 600006 India
PAN No.:	AAAFK0459P
Auditors 3:
Name :	V. Soundarajan and Company Chartered Accountants
Address :	Ground Floor, Rear Emerald, Estate New No. 6/3, II Canal, Cross Road, Gandhi Nagar, Adyar, Chennai 600020 India
PAN No.:	AAAFV0357M
Memberships :	---
Collaborators :	---
Associates :	· Chettinad Builders Private Limited · Chettinad E-Publishing Private Limited · Chettinad Trucks & Equipments Private Limited · Chettinad Logistics Private Limited · Haaciendaa Infotech & Realtors Private Limited · Chettinad Clearing And Forwarding Private Limited · Chettinad Land And Building Development Private Limited · Chettinad Projects Development Private Limited · Chennai Computer And Software Services Private Limited · Chettinad Inland Water Transport Services Private Limited · Chettinad Infrastructures Property Developers Private Limited · Chettinad Plantations Private Limited · Chettinad Morimura Semiconductor Material Private Limited · Chettinad Engineering And Allied Services Private Limited · Chettinad Apparels Private Limited · Chettinad Earth Movers Private Limited · Chettinad Packers And Movers Private Limited · Chettinad Tv Network Private Limited · Chettinad Radio Network Private Limited · Durandel Property Developers Private Limited · Chettinad Container Terminal Private Limited · Chettinad Energy Resource Private Limited · Chettinad Lignite Transport Services Private Limited · Chettinad Electric Company Private Limited · Chettinad Enterprises Private Limited · Chettinad Dairy & Poultry Farms Private Limited · Chettinad Coal Washeries Private Limited · Chettinad Structural & Engineering Limited · Chettinad Micro Business Private Limited · Chettinad Developers Private Limited · Chettinad Security Services Private Limited · Chettinad Properties Private Limited · Chettinad Refineries Private Limited · Chettinad Financial Management Services Private Limited · Chettinad Oil & Gas Enterprises Private Limited · Chettinad Natural Resources Private Limited · Chettinad Oil Corporation Private Limited · Belaire Apartments Private Limited , · South India Corpn Private Limited · Chettinad International Coal Terminal Private Limited · Chettinad Power Corporation Private Limited · South India Corporation Travancore Private Limited · Chettinad Software Services Private Limited · Chettinad Corporation Private Limited · Chettinad Holdings Private Limited · Chettinad Realtors Private Limited · Chettinad Hospitals Private Limited · Chettinad Pharmaceuticals Private Limited · Chettinad Electronics Private Limited

CAPITAL STRUCTURE

As on 27.08.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
500000000	Equity Shares	Rs.10/-each	Rs.5000.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
38198998	Equity Shares	Rs.10/-each	Rs.381.989 Million

As on 31.03.2014

Authorised Capital : Rs.5000.000 Million

Issued, Subscribed & Paid-up Capital : Rs.382.000 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014	31.03.2013	31.03.2012
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	382.000	382.000	382.000
(b) Reserves & Surplus	12403.000	11574.000	10422.100
(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)	12785.000	11956.000	10804.100
(3) Non-Current Liabilities
(a) long-term borrowings	4333.400	4953.900	3916.600
(b) Deferred tax liabilities (Net)	96.300	101.200	128.400
(c) Other long term liabilities	302.800	270.000	203.700
(d) long-term provisions	32.700	39.600	63.400
Total Non-current Liabilities (3)	4765.200	5364.700	4312.100
(4) Current Liabilities
(a) Short term borrowings	3345.400	3886.700	5976.200
(b) Trade payables	1767.300	2027.400	1654.800
(c) Other current liabilities	2781.000	2939.200	2175.400
(d) Short-term provisions	258.900	253.700	387.000
Total Current Liabilities (4)	8152.600	9107.000	10193.400
TOTAL	25702.800	26427.700	25309.600
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	16688.000	17266.300	17428.900
(ii) Intangible Assets	4.100	5.500	7.300
(iii) Capital work-in-progress	51.200	1092.200	1530.600
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.000	0.000	5.800
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	260.000	97.800	103.700
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	17003.300	18461.800	19076.300
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	5310.800	4887.600	3748.500
(c) Trade receivables	2248.600	2132.000	1739.100
(d) Cash and cash equivalents	91.300	45.800	19.400
(e) Short-term loans and advances	1026.900	877.100	726.300
(f) Other current assets	21.900	23.400	0.000
Total Current Assets	8699.500	7965.900	6233.300
TOTAL	25702.800	26427.700	25309.600

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income	22061.800	24507.800	20599.000
	Other Income	80.800	64.700	87.500
	TOTAL	22142.600	24572.500	20686.500
Less	EXPENSES
	Cost of Materials Consumed	3464.400	4145.100	2707.100
	Purchases of Stock-in-Trade	0.000	0.000	0.000
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	125.100	(236.900)	(407.000)
	Employees benefits expense	1109.900	1136.100	898.400
	Other expenses	12604.100	13180.600	10583.000
	TOTAL	17303.500	18224.900	13781.500
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	4839.100	6347.600	6905.000
Less	FINANCIAL EXPENSES	796.800	1060.500	924.900
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	4042.300	5287.100	5980.100
Less/ Add	DEPRECIATION/ AMORTISATION	2982.400	3714.900	3468.100
	PROFIT/ (LOSS) BEFORE TAX	1059.900	1572.200	2512.000
Less	TAX	(0.500)	196.800	632.000
	PROFIT/ (LOSS) AFTER TAX	1060.400	1375.400	1880.000
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD	5935.300	4933.400	3586.400
Less	APPROPRIATIONS
	Transfer to General Reserve	110.000	150.000	200.000
	MAT Entitlement Reversal	7.900	0.000	0.000
	Dividend	191.000	190.900	286.500
	Tax on Dividend	32.500	32.600	46.500
	Total	341.400	373.500	533.000
	Balance Carried to the B/S	6654.300	5935.300	4933.400
	EARNINGS IN FOREIGN CURRENCY
	F.O.B. Value of Exports	23.500	41.500	19.600
	TOTAL EARNINGS	23.500	41.500	19.600
	IMPORTS
	Raw Materials	134.200	647.700	257.700
	Components and Stores parts	50.200	70.500	68.900
	Capital Goods	31.200	94.900	826.900
	TOTAL IMPORTS	215.600	813.100	1153.500
	Earnings / (Loss) Per Share (Rs.)	27.76	36.01	49.22

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin PAT / Sales	(%)	4.80	5.61	9.12
Operating Profit Margin (PBDIT/Sales)	(%)	21.93	25.90	33.52
Return on Total Assets (PBT/Total Assets}	(%)	4.13	6.21	10.57
Return on Investment (ROI) (PBT/Networth)		0.08	0.13	0.23
Debt Equity Ratio (Total Liability/Networth)		0.60	0.74	0.92
Current Ratio (Current Asset/Current Liability)		1.07	0.87	0.61

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	382.000	382.000	382.000
Reserves & Surplus	10422.100	11574.000	12403.000
Net worth	10804.100	11956.000	12785.000
long-term borrowings	3916.600	4953.900	4333.400
Short term borrowings	5976.200	3886.700	3345.400
Total borrowings	9892.800	8840.600	7678.800
Debt/Equity ratio	0.916	0.739	0.601

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	20599.000	24507.800	22061.800
		18.976	(9.980)

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	20599.000	24507.800	22061.800
Profit	1880.000	1375.400	1060.400
	9.13%	5.61%	4.81%

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	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	----------------------
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	----------------------
26]	Buyer visit details	----------------------
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

INDEX OF CHARGES

S. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10506640	16/06/2014	500,000,000.00	ICICI BANK LIMITED	No.1,Cenotaph Road,, Teynampet, Chennai, Tamil Nadu - 600018, INDIA	C09683962
2	10444840	23/07/2013	1,250,000,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra - 400013, INDIA	B82992546
3	10423468	24/03/2014 *	1,000,000,000.00	HDFC BANK LIMITED	HDFC BANK LIMITED, LOWER PAREL W, MUMBAI, Maharashtra - 400013, INDIA	C02153286
4	10413844	24/03/2014 *	2,500,000,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W  , MUMBAI, Maharashtra - 400013, INDIA	C04787982
5	10265755	24/03/2014 *	8,797,800,000.00	STATE INDUSTRIES PROMOTION CORPORATION OF TAMILNAD  U	19-A, RUKMANI LAKSHMIPATHY ROAD, POST BOX NO. 72  23, EGMORE, CHENNAI, Tamil Nadu - 600008, INDIA	C04725479
6	80035993	02/09/2013 *	500,000,000.00	CENTRAL BANK OF INDIA	MID CORPORATE BRANCH, 48/49 Montieth Road, CHENNAI, Tamil Nadu - 600008, INDIA	B88162383
7	80035994	02/09/2013 *	2,000,000,000.00	CENTRAL BANK OF INDIA	MID CORPORATE BRANCH, 48/49 Montieth Road, CHENNAI, Tamil Nadu - 600008, INDIA	B88162201

UNSECURED LOANS

PARTICULAR	31.03.2014 (Rs. in Millions)	31.03.2013 (Rs. in Millions)
LONG TERM BORROWINGS
Term Loans from others	2143.700	2147.800
SHORT TERM BORROWINGS
Loans repayable on demand from banks	500.000	500.000
Intercorporate deposits	850.000	3040.000
Total	3493.700	5687.800

CMT REPORT (Corruption, Money Laundering & Terrorism]

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

1] INFORMATION ON DESIGNATED PARTY

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

2] Court Declaration :

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

3] Asset Declaration :

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

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

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

Charges or investigation registered against subject: None

7] Criminal Records

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

8] Affiliation with Government :

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

9] Compensation Package :

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

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

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

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

CONTRAVENTION

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

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.87
UK Pound	1	Rs.96.83
Euro	1	Rs.76.57

INFORMATION DETAILS

Information Gathered by :	GAY
Analysis Done by :	SUM
Report Prepared by :	PNM

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	7
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	7
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	7
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	6
--RESERVES	1~10	7
--CREDIT LINES	1~10	7
--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	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		59

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.