MIRA INFORM REPORT

Report Date :

08.12.2014

IDENTIFICATION DETAILS

Name :	BUMI GEO ENGINEERING LIMITED (w.e.f. 18.05.2011)
Formerly Known As :	BUMI GEO ENGINEERING PRIVATE LIMITED (w.e.f. 25.04.2008) BUMI DEVELOPERS (INDIA) PRIVATE LIMITED
Registered Office :	85/1, NAC Tower, II and III Floor, Dr. Radhakrishnan, Salai, Mylapore, Chennai – 600004, Tamilnadu
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	11.03.2002
Com. Reg. No.:	18-051976
Capital Investment / Paid-up Capital :	Rs.12.775 Millions
CIN No.: [Company Identification No.]	U45201TN2002PLC051976
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AABCB7316E
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Subject is engaged in designing and constructing roads, bridges, and buildings. The company provides geo technical engineering services, including jet grouting and chemical grouting services, slope stabilization solutions, deep excavation and ground engineering, disaster management and rehabilitation works, and foundation engineering services.
No. of Employees :	Information declined by the management.

RATING & COMMENTS

MIRA’s Rating :

B (28)

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

Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Exist
Comments :	Subject is an established company having moderate track. Management of the company has failed to file its financials after 2012 with the government department. As per available financial 2012, profitability of the company seems to be low. However, trade relations are fair. Business is active. Payment terms are reported as unknown. The company can be considered for business dealings 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 – September 30, 2014

Country Name	Previous Rating (30.06.2014)	Current Rating (30.09.2014)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

EXTERNAL AGENCY RATING

Rating Agency Name	Not Available
Rating	Not Available
Rating Explanation	Not Available
Date	Not Available

RBI DEFAILTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAILTERS’ 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

CONTACT NO.: 91-44-24452877

LOCATIONS

Registered Office :	85/1, NAC Tower, II and III Floor, Dr. Radhakrishnan, Salai, Mylapore, Chennai – 600004, Tamilnadu, India
Tel. No.:	91-44-42986363 / 42986300 / 98
Fax No.:	91-44-42986399
E-Mail :	sivaram@bumigrp.com
Website :	http://www.bumigrp.com
Branch :	69 Ubi Crescent, #03-01 CES Building, Singapore - 408561

DIRECTORS

AS ON 14.12.2012

Name :

Jaikumar Uma Priyadharsini

Designation :

Whole-time director

Address :

C 10/7, DLF Phase I Gurgaon-122002, Haryana, India

Date of Birth/Age :

08.08.1970

Date of Appointment :

04.12.2002

Date of cessation :

09.12.2013

DIN No.:

00647892

Name :

Murugappan Alagappan

Designation :

Nominee director

Address :

OLD NO:5,Arunachalam Road, Kotturpuram, Chennai-600085, Tamilnadu, India

Date of Birth/Age :

16.09.1967

Date of Appointment :

05.10.2011

Date of cessation :

28.08.2013

DIN No.:

01016498

Name :

Balakrishnan Jaikumar

Designation :

Managing director

Address :

67AC Block, Saikrupa, 1^ST Street, Shanti Colony, Anna Nagar Chennai- 600040, Tamilnadu, India

Date of Birth/Age :

20.05.1968

Date of Appointment :

08.07.2002

DIN No.:

01146873

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	U45201TN2002PLC051976	BUMI GEO ENGINEERING LIMITED	Managing director	08/07/2002	08/07/2002	-	Active	NO
2	U45200DL2009PTC194957	TACTIC ENGINEERING INDIA PRIVATE LIMITED	Director	06/10/2009	06/10/2009	-	Active	NO
3	U51909DL2011PTC215510	FORTUNA GEO COAL PRIVATE LIMITED	Director	09/03/2011	09/03/2011	-	Active	NO
4	U45400DL2011PTC219248	Nirmanvridhi Constructions Private Limited	Director	16/05/2011	16/05/2011	14/07/2011	Active	NO
5	U85100TN2012PTC084632	ATHENESE-DX PRIVATE LIMITED	Director	24/02/2012	24/02/2012	17/09/2014	Active	NO

Name :

Ajay James

Designation :

Nominee director

Address :

Chevayoor Bungalow, (p.o) Chevayoor, Kozhikode District Kozhikode- 673017

Date of Birth/Age :

03.06.1974

Date of Appointment :

31.05.2010

DIN No.:

01937241

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	U01520TZ1999PTC008814	WHITEFIELD DAIRY PRIVATE LIMITED	Director	15/07/2000	15/07/2000	10/11/2007	Active	NO
2	U45201TN2002PLC051976	BUMI GEO ENGINEERING LIMITED	Nominee director	31/05/2010	31/05/2010	-	Active	NO
3	U74990MH2010PTC210625	BHIWANDI LOGISTICS PARK PRIVATE LIMITED	Director	06/12/2010	06/12/2010	-	Active	NO
4	U74120MH2010PTC210771	GURGAON LOGISTICS PARK PRIVATE LIMITED	Director	08/12/2010	08/12/2010	-	Active	NO
5	U45202MH2010PTC210763	AGILITY INFRASTRUCTURE PRIVATE LIMITED	Director	08/12/2010	08/12/2010	-	Active	NO
6	U74120MH2011PTC211991	NAGPUR LOGISTICS PARK PRIVATE LIMITED	Director	07/01/2011	07/01/2011	-	Active	NO
7	U14100KL2012PTC032550	HIGHLAND SILVER SANDS PRIVATE LIMITED	Director	07/08/2014	07/08/2014	-	Active	NO

Name :

Kasiviswanathan Mukundan

Designation :

Nominee director

Address :

1202, F Building, Raheja Heights, A K Vaidya Marg

Dindoshi, Malad (East), Mumbai-400097, Maharashtra, India

Date of Birth/Age :

13.04.1969

Date of Appointment :

14.12.2012

Date of cessation :

12.02.2013

DIN No.:

02756249

Name :

Dinesh Kumar Tiwari

Designation :

Director

Address :

C 2607, Oberoi Splendor, Opp. Majas Depot, JVLR,

Andheri (East), Mumbai -400060, Maharashtra, India

Date of Birth/Age :

14.01.1970

Date of Appointment :

01.04.2011

Date of cessation :

22.01.2014

DIN No.:

03401020

Name :

Bala Pandi

Designation :

Director

Address :

4931 Sandshore CT San Diego CA 92130

Date of Birth/Age :

18.03.1951

Date of Appointment :

19.11.2012

DIN No.:

05182606

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	U45201TN2002PLC051976	BUMI GEO ENGINEERING LIMITED	Director	19/11/2012	22/02/2012	-	Active	NO
2	U85100TN2012PTC084632	ATHENESE-DX PRIVATE LIMITED	Director	24/02/2012	24/02/2012	-	Active	NO

Name :

Joseph Lourduraj

Designation :

Director

Address :

1, E3 Lakshmi Apartments, Rangarajapuram Bhaskara St Kodambakkam, Chennai- 600024, Tamilnadu, India

Date of Birth/Age :

19.02.1974

Date of Appointment :

19.11.2012

DIN No.:

05268993

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	U45201TN2002PLC051976	BUMI GEO ENGINEERING LIMITED	Director	19/11/2012	13/04/2012	-	Active	NO

KEY EXECUTIVES

Name :	Baalasubramaniyan Nedunchezhiyan
Designation :	Secretary
Address :	15/10, Subhalakshmi Apartments, Natesan Street, T. Nagar- Chennai-600017, Tamilnadu, India
Date of Birth/Age :	14.06.1985
PAN No.:	AEBPN0574P
Date of Appointment :	21.02.2012

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 14.12.2012

Shareholding pattern of the company immediately prior to rights issue

Names of Shareholders	No. of Shares
Balakrishnan Jaikumar	597128
Uma Priyadharshini	146371
Sai Balan	109777
Nirinjan	109777
Murali Subramanian	11947
Shantanu Prakash	4021
Dhandaai Investments Private Limited, India	928
Gaja Advisors Private Limited, India	1551
Alcazar Capital Private Limited, United Arab Emirates	109135
India Infrastructure Development Fund	186833
Total	1277468

Shareholding pattern of the company immediately after the rights issue

Names of Shareholders	No. of Shares
Balakrishnan Jaikumar	623387
Promoter’s Family Member	365925
Murali Subramanian	11947
Shantanu Prakash	5501
Dhandaai Investments Private Limited, India	2039
Gaja Advisors Private Limited, India	2736
Alcazar Capital Private Limited, United Arab Emirates	122150
India Infrastructure Development Fund	254068
Total	1387753

AS ON 14.12.2012

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	8.54
Bodies corporate	14.82
Directors or relatives of Directors	75.39
Other top fifty shareholders	1.25
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged in designing and constructing roads, bridges, and buildings. The company provides geo technical engineering services, including jet grouting and chemical grouting services, slope stabilization solutions, deep excavation and ground engineering, disaster management and rehabilitation works, and foundation engineering services.

Products :

Item Code No.	Product Description
99542909	Construction of Buildings (Residential as well as Non-residential)

Brand Names :

Not Divulged

Agencies Held :

Not Divulged

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Not Divulged

GENERAL INFORMATION

Suppliers :

Not Divulged

Customers :

Not Divulged

No. of Employees :

Information declined by the management.

Bankers :

• ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri, Baroda - 390015, Gujarat, India

• Axis Bank Limited
• ING Vysya Bank Limited
• IndusInd Bank Limited

Facilities :

Secured Loan	31.03.2012 (Rs. in Millions)	31.03.2011 (Rs. in Millions)
Long-term Borrowings
Rupee term loans from banks [Fixed and Floating Assets]	225.019	24.626
Rupee term loans from others [Fixed and Floating Assets]	87.973	165.501
Other loans and advances	33.675	0.000
Short-term borrowings
Rupee term loans from banks [*Secured by primary security on inventories and debtors, collaterally secured by immovable properties and personal guarantee of directors]	422.517	265.032
Total	769.184	455.159

Banking Relations :
Auditors :
Name :	Padmanabhan Ramani and Ramanujam Chartered Accountants
Address :	1F, Arudhra, New No.15, Habibullah Road, T. Nagar, Chennai – 600017, Tamilnadu, India
PAN No.:	AAIFP5396E
Internal Auditors
	M. Kuppuswamy PSG and Company Chartered Accountants
Memberships :	Not Available
Collaborators :	Not Available
Subsidiary companies [Company had 6 (Six) subsidiary companies apart from other joint ventures / associate Companies. The list of subsidiary companies as on March 31, 2012 is as follows]:	Bumi Geo Engineering Pte. Limited – Singapore Tactic Engineering Pte. Limited - Singapore SG Trenchless SDN BHD - Malaysia Tactic Engineering (India) Private Limited - India Bumi Geo Engineering LLC - Muscat Bumi Ground Engineering and Contracting LLC - UAE
Associate :	Green Horsepower Private Limited Bumi Civil Geo JV

CAPITAL STRUCTURE

AS ON 14.12.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
50,000,000	Equity Shares	Rs.10/- each	Rs.500.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1,387,753	Equity Shares	Rs.10/- each	Rs. 13.877 Millions

AS ON 31.03.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
50,000,000	Equity Shares	Rs.10/- each	Rs.500.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1,277,468	Equity Shares	Rs.10/- each	Rs. 12.775 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2012	31.03.2011
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	12.775	11.947
(b) Reserves & Surplus	1793.516	1403.949
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	0.000	4.710
Total Shareholders’ Funds (1) + (2)	1806.291	1420.606
(3) Non-Current Liabilities
(a) long-term borrowings	346.667	190.127
(b) Deferred tax liabilities (Net)	59.427	42.260
(c) Other long term liabilities	0.000	0.000
(d) long-term provisions	4.172	7.105
Total Non-current Liabilities (3)	410.266	239.492
(4) Current Liabilities
(a) Short term borrowings	427.517	266.156
(b) Trade payables	329.415	140.688
(c) Other current liabilities	1090.820	440.207
(d) Short-term provisions	18.229	118.903
Total Current Liabilities (4)	1865.981	965.954
TOTAL	4082.538	2626.052
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	910.630	644.726
(ii) Intangible Assets	1.047	0.004
(iii) Capital work-in-progress	190.529	23.459
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	380.393	368.542
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	632.152	56.110
(e) Other Non-current assets	117.824	95.773
Total Non-Current Assets	2232.575	1188.614
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	184.489	271.606
(c) Trade receivables	1231.277	925.419
(d) Cash and cash equivalents	16.379	23.597
(e) Short-term loans and advances	183.939	193.537
(f) Other current assets	233.879	23.279
Total Current Assets	1849.963	1437.438
TOTAL	4082.538	2626.052

SOURCES OF FUNDS	31.03.2010
SHAREHOLDERS FUNDS
1] Partner's Capital	410.855
2] Share Application Money	4.710
3] Reserves & Surplus	779.637
4] (Accumulated Losses)	0.000
NETWORTH	1195.202
LOAN FUNDS
1] Secured Loans	437.992
2] Unsecured Loans	9.859
TOTAL BORROWING	447.851
DEFERRED TAX LIABILITIES	13.349
TOTAL	1656.402
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]	647.665
Capital work-in-progress	0.000
INVESTMENT	384.424
DEFERRED TAX ASSETS	0.000
CURRENT ASSETS, LOANS & ADVANCES
Inventories	75.062
Sundry Debtors	438.255
Cash & Bank Balances	115.840
Other Current Assets	5.514
Deposits
Loans & Advances and Deposits	348.152
Total Current Assets	982.823
Less : CURRENT LIABILITIES & PROVISIONS
Sundry Creditors	88.782
Other Current Liabilities / Duty and Taxes	249.555
Provisions	20.173
Total Current Liabilities	358.510
Net Current Assets	624.313
MISCELLANEOUS EXPENSES	0.000
TOTAL	1656.402

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2012	31.03.2011	31.03.2010
	SALES
	Income	2140.567	1687.311	1071.400
	Other Income	21.263	3.076	NA
	TOTAL (A)	2161.830	1690.387	NA
Less	EXPENSES
	Cost of Materials Consumed	366.759	356.890	NA
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	142.861	(142.860)	NA
	Employees benefits expense	184.542	188.645	NA
	Other expenses	1192.292	708.299	NA
	TOTAL (B)	1886.454	1110.974	NA
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	275.376	579.413	NA
Less	FINANCIAL EXPENSES (D)	131.132	83.564	NA
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	144.244	495.849	NA
Less/ Add	DEPRECIATION/ AMORTISATION (F)	106.688	90.051	NA
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	37.556	405.798	NA
Less	TAX (H)	22.918	180.395	NA
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)	14.638	225.403	(29.874)
	EARNINGS IN FOREIGN CURRENCY
	F.O.B. Value of Exports	13.085	1.854	0.448
	TOTAL EARNINGS	13.085	1.854	0.448
	Earnings / (Loss) Per Share (Rs.)	11.99	192.1	----

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
Net Profit Margin PAT/ Sales	(%)	0.68	13.36	(2.79)
PBIDT / Sales	(%)	12.86	34.34	NA
Return on Total Assets (PBT/Total Assets}	(%)	1.07	18.16	NA
Return on Investment (ROI) (PBT/Networth)		0.02	0.29	NA
Debt Equity Ratio (Total Debt /Networth)		0.43	0.32	0.37
Current Ratio (Current Asset/Current Liability)		0.99	1.49	2.74

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2011	31.03.2012
	(Rs. In Millions)	(Rs. In Millions)
Share Capital	11.947	12.775
Reserves & Surplus	1403.949	1793.516
Share Application money pending allotment	4.710	0.000
Net worth	1420.606	1806.291
long-term borrowings	190.127	346.667
Short term borrowings	266.156	427.517
Total borrowings	456.283	774.184
Debt/Equity ratio	0.321	0.429

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2010	31.03.2011	31.03.2012
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	1071.400	1687.311	2140.567
		57.487	26.863

NET PROFIT MARGIN

Net Profit Margin	31.03.2010	31.03.2011	31.03.2012
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	1071.400	1687.311	2140.567
Profit/Loss	(29.874)	225.403	14.638
	(2.79%)	13.36%	0.68%

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	Yes
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	--
26]	Buyer visit details	--
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	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	No

LITIGATION DETAILS

CHENNAI COURT

CASE STATUS INFORMATION SYSTEM

Case Status:	Pending
Status Of:	APPLICATION
Case No.:	7466
Year :	2014
Petitioner :	M/S. GEODATA ENGINEERING
Respondent :	BUMI GEO ENGINEERING LIMITED
Pet's Advocate :	M/S. ROHAN CHERIAN
Res's Advocate :
Category :	NO CATEGORY MENTIONED
	Last Listed on: No Date Mentioned
Case Updated on :	Nov 21 2014

No Connected Application(s)

No Connected Matter(s)

UNSECURED LOAN

PARTICULARS	31.03.2012 (Rs. in Millions)	31.03.2011 (Rs. in Millions)
Short-term borrowings
Rupee term loans from others	5.000	1.124
Total	5.000	1.124

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10524657	27/09/2014	2,042,354,000.00	ICICI BANK LIMITED	LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA	C28311751
2	10523430	03/08/2014	215,700,000.00	SREI EQUIPMENT FINANCE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BE NGAL - 700046, INDIA	C24899866
3	10412869	14/02/2013	204,843,625.00	SREI EQUIPMENT FINANCE PRIVATE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BE NGAL - 700046, INDIA	B71156848
4	10392325	26/03/2013 *	784,500,000.00	3I INFOTECH TRUSTEESHIP SERVICES LIMITED	3RD TO 6TH FLOOR, INTERNATIONAL INFOTECH PARK,, TOWER NO.5, VASHI RAILWAY STATION COMPLEX, VASHI, N AVI MUMBAI, MAHARASHTRA - 400703, INDIA	B73146193
5	10367533	15/07/2012	28,844,671.00	SREI EQUIPMENT FINANCE PRIVATE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BE NGAL - 700046, INDIA	B44517753
6	10365966	15/06/2012	11,155,329.00	SREI EQUIPMENT FINANCE PRIVATE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BE NGAL - 700046, INDIA	B43860030
7	10355881	30/04/2012	35,300,000.00	TATA CAPITAL FINANCIAL SERVICES LIMITED	ONE FORBES,, DR. V. B. GANDHI MARG, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA	B39667654
8	10354176	21/12/2012 *	240,000,000.00	ING VYSYA BANK LIMITED	22,GROUND FLOOR,, ING VYSYA HOUSE,M.G.ROAD,, BANGALORE, KARNATAKA - 560001, INDIA	B66521931
9	10355832	16/04/2012	1,592,000.00	TATA CAPITAL FINANCIAL SERVICES LIMITED	ONE FORBES,, DR. V. B. GANDHI MARG, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA	B39649272
10	10354580	15/04/2012	30,600,000.00	SREI EQUIPMENT FINANCE PRIVATE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BE NGAL - 700046, INDIA	B39278106

* Date of charge modification

FIXED ASSETS

• Plant and Machinery
• Furniture and fixture
• Land
• Computer
• Office Equipment

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.61.85
UK Pound	1	Rs.96.72
Euro	1	Rs.76.53

INFORMATION DETAILS

Information Gathered by :	HNA
Analysis Done by :	RAS
Report Prepared by :	SNT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	2
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	4
--CREDIT LINES	1~10	3
--MARGINS	-5~5	----
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	YES
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	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		28

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.