MIRA INFORM REPORT

Report Date :

10.12.2014

IDENTIFICATION DETAILS

Name :	KALYANI GLOBAL ENGINEERING PRIVATE LIMITED
Registered Office :	Industry House No 49 Opposite Kalyani Steels Limited, Mundhwa, Pune – 411036, Maharashtra
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	03.07.1985
Com. Reg. No.:	11-036722
Capital Investment / Paid-up Capital :	Rs. 10.004 Millions
CIN No.: [Company Identification No.]	U74140MH1985PTC036722
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	Not Available
Legal Form :	Private Limited Liability Company.
Line of Business :	Subject is engaged into industrial construction activity and also doing Trading of Transformer.
No. of Employees :	150 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (50)

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

Maximum Credit Limit :	USD 6100000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track record. Financial position of the company is sound. Trade relations are reported as fair. Business is active. Payment terms are reported to be usually correct. 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 – 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	ICRA
Rating	Long Term = A-
Rating Explanation	Adequate degree of safety. It carry low credit risk.
Date	September 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 PARTED BY (GENERAL DETAILS)

Name :	Mr. Sachin Deodhar
Designation :	Account Executive
Contact No.:	91-9763703937
Date :	08.12.2014

LOCATIONS

Registered Office :	Industry House No 49 Opposite Kalyani Steels Limited, Mundhwa, Pune – 411036, Maharashtra, India
Tel. No.:	91-20-26725000
Mobile No.:	91-9822060350 (Mr. Pramod)
Fax No.:	91-20-26812589
E-Mail :	sachin.deodhar@kalyaniglobal.com
Website :	http://www.kalyaniglobal.com
Infrastructure Division :	Industry House, Opposite Kalyani Carpenter Special Steels Limited, Mundhwa, Pune – 411036, Maharashtra, India
Tel. No.:	91-20-26725000
Fax No.:	91-20-26812580
Energy Division :	A-41, Sector – 62, Noida, Uttar Pradesh, India
Tel. No.:	91-120-4638000
Fax No.:	91-120-4638099

DIRECTORS

As On 30.09.2013

Name :

Mr. Shriniwas B Kanade

Designation :

Whole Time Director

Address :

20 Nityananad Housing Soc. Pune-Satara Road, Pune – 411043, Maharashtra, India

Date of Birth/Age :

04.03.1953

Date of Appointment :

01.06.2005

DIN No.:

00089063

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	U67120MH1976PTC018892	SADGURU INVESTMENT AND TRADING CO PVT LTD	Director	23/03/1994	23/03/1994	-	Active	NO
2	U67110MH1976PTC018904	SUNDARAM TRADING AND INVESTEMENT PRIVATE LIMITED	Director	23/03/1994	23/03/1994	-	Active	NO
3	U65993PN1976ULT018893	AJINKYA INVESTMENT AND TRADING COMPANY	Director	23/03/1994	23/03/1994	-	Active	NO
4	U65993MH1976PTC018931	SHAILENDRA INVESTMENT AND TRADING COMPANY	Director	24/03/1994	24/03/1994	-	Amalgamated	NO
5	U67110MH1976PTC018906	YESHWANT TRADING AND INVESTMENT PVT LTD	Director	24/03/1994	24/03/1994	-	Amalgamated	NO
6	U65993MH1976PTC018905	KUNAL TRADING AND INVESTMENT PRIVATE LIMITED	Director	24/03/1994	24/03/1994	-	Amalgamated	NO
7	U65921PN1982PTC026664	DEHU TRADING COMPANY PRIVATE LIMITED	Director	25/03/1994	25/03/1994	09/05/2014	Active	NO
8	U75101PN1982PTC026657	AKURDI TRADING COMPANY PRIVATE LIMITED	Director	25/03/1994	25/03/1994	09/05/2014	Active	NO
9	U65993PN1991PTC059771	SPREKELIA INVESTMENT PRIVATE LIMITED	Director	26/03/1994	26/03/1994	-	Active	NO
10	U65993PN1991PTC059772	OLEANDER INVESTMENT PRIVATE LIMITED	Director	26/03/1994	26/03/1994	-	Active	NO
11	U65993PN1991PTC059773	ALOCASIA INVESTMENT PRIVATE LIMITED	Director	26/03/1994	26/03/1994	-	Active	NO
12	U65993MH1991PTC059775	KNIPHOFIA INVESTMENT PRIVATE LTD	Director	26/03/1994	26/03/1994	-	Active	NO
13	U65993MH1991PTC059776	POINSETTIA INVESTMENT PRIVATE LTD	Director	26/03/1994	26/03/1994	-	Active	NO
14	U65993MH1991PTC059774	ACORUS INVESTMENT PRIVATE LTD	Director	26/03/1994	26/03/1994	-	Active	NO
15	U51909MH1979PTC021629	RAYAGAD TRADING CO PVT LTD	Director	01/04/1994	01/04/1994	09/05/2014	Active	NO
16	U51909MH1979PTC021630	VISHALGAD TRADING CO PVT LTD	Director	01/04/1994	01/04/1994	-	Active	NO
17	U51909MH1979PTC021622	PRATAPGAD TRADING CO PVT LTD	Director	01/04/1994	01/04/1994	29/05/2014	Active	NO
18	U51909MH1979PTC021626	GOVALKONDA TRADING COMPANY PRIVATE LIMITED	Director	01/04/1994	01/04/1994	09/05/2014	Active	NO
19	U51909MH1979PTC021631	JANJIRA TRADING CO PVT LTD	Director	01/04/1994	01/04/1994	09/05/2014	Active	NO
20	U51909MH1979PTC021632	VASAI FORT TRADING CO PVT LTD	Director	01/04/1994	01/04/1994	09/05/2014	Active	NO
21	U51909MH1979PTC021635	PURANDHAR TRADING CO PVT LTD	Director	01/04/1994	01/04/1994	09/05/2014	Active	NO
22	U65993MH1987PTC045157	COCKSCOMB INVESTMENT AND FINANCE PVT LTD	Director	28/06/1994	28/06/1994	-	Amalgamated	NO
23	U65993MH1987PTC043434	BLENDA INVESTMENT PVT LTD	Director	01/07/1994	01/07/1994	-	Active	NO
24	U65993MH1987PTC045159	GLOXINIA INVESTMENT AND FINANCE PRIVATE LIMITED	Director	02/07/1994	02/07/1994	09/05/2014	Active	NO
25	U71110PN1982PTC026665	LOHGAON TRADING COMPANY PRIVATE LIMITED	Director	01/08/1994	01/08/1994	09/05/2014	Active	NO
26	U65993MH1976PTC018891	KOYANA INVESTMENT AND TRADING CO UNLIMITED	Director	22/09/1994	22/09/1994	-	Amalgamated	NO
27	U70109PN1994PTC081424	SUCHANNA ESTATES PRIVATE LIMITED	Director	23/09/1994	23/09/1994	-	Active	NO
28	U70200MH1994PTC081423	GULBAKSHI REALTY PRIVATE LIMITED	Director	21/01/2010	23/09/1994	-	Active	NO
29	U72200MH1995PTC091677	KALYANI SOFTWARE PRIVATE LIMITED	Director	11/08/1995	11/08/1995	-	Active	NO
30	U51399PN1981PLC025156	OPAL TRADING LTD	Director	16/12/1995	16/12/1995	09/05/2014	Active	NO
31	U28910PN1985PTC038409	DYNA-K-AUTOMOTIVE STAMPINGS PRIVATE LIMITED	Director	27/12/1995	27/12/1995	17/05/2009	Active	NO
32	U65993PN1987PTC043442	PEACH BLOSSOM INVESTMENT PVT LTD	Director	01/11/1996	01/11/1996	-	Active	NO
33	U65993PN1987PTC043433	YOKOHA INVESTMENT PVT LTD	Director	01/11/1996	01/11/1996	-	Active	NO
34	U65993PN1987PTC045153	HIBISCUS INVESTMENT AND FINANCE PVT LTD	Director	01/11/1996	01/11/1996	-	Active	NO
35	U65993MH1981PTC024792	SHRI TULJA BHAVANI INVESTMENT PVT LTD	Director	01/11/1996	01/11/1996	01/03/2014	Active	NO
36	U27310MH1997PTC104959	AZALEA ENTERPRISES PRIVATE LIMITED	Director	08/01/1997	08/01/1997	-	Active	NO
37	U70101MH1997PTC105009	KALYANI UTILITIES DEVELOPMENT LIMITED	Director	10/01/1997	10/01/1997	-	Amalgamated	NO
38	U74210MH1997PLC105730	KALYANI INFOTECH SOLUTIONS LIMITED	Director	07/02/1997	07/02/1997	-	Active	NO
39	U65993PN1987PTC043435	ROSARIO INVESTMENT PVT LTD	Director	10/04/1997	10/04/1997	-	Active	NO
40	U23109KA1996PTC020342	KALYANI COKE AND COGENERATION PRIVATE LIMITED	Director	20/09/1997	20/09/1997	-	Active	NO
41	U72200PN2000PTC014486	TomTom India Private Limited	Director	15/02/2000	15/02/2000	12/11/2010	Active	NO
42	U73100PN2001PTC015810	AYUR INFORMATICS AND RESEARCH PRIVATE LIMITED	Director	13/01/2001	13/01/2001	-	Strike off	NO
43	U72200PN1997PLC112581	SYNISE TECHNOLOGIES LIMITED	Director	02/02/2001	02/02/2001	-	Active	NO
44	U65993PN2001PTC015938	KSL HOLDINGS PRIVATE LIMITED	Director	30/03/2001	30/03/2001	13/02/2014	Active	NO
45	U65993PN1987PLC045154	CHAKARAPUSHPA INVESTMENT AND FINANCE LIMITED	Director	15/02/2002	15/02/2002	-	Active	NO
46	U74999PN2003PLC018350	TRUE VALUE HOLDINGS LIMITED	Director	12/09/2003	12/09/2003	-	Amalgamated	NO
47	U51909MH2002PTC138179	RADIUM MERCHANDISE PRIVATE LIMITED	Director	17/05/2004	17/05/2004	-	Not Available for eFiling	NO
48	U51909PN2002PTC020882	RADIUM MERCHANDISE PRIVATE LIMITED	Director	13/04/2009	17/05/2004	-	Active	NO
49	U74140MH1985PTC036722	KALYANI GLOBAL ENGINEERING PRIVATE LIMITED	Whole-time director	01/06/2005	01/06/2005	-	Active	NO
50	U45209PN2006PTC128339	CROCUS PROPERTIES PRIVATE LIMITED	Director	19/04/2006	19/04/2006	-	Active	NO
51	U45209PN2006PTC128338	ACORN PROPERTIES PRIVATE LIMITED	Director	19/04/2006	19/04/2006	07/05/2011	Active	NO
52	U74130MH1995PTC089460	AXIOM PROJECT CONSULTANTS PRIVATE LIMITED	Director	05/05/2006	05/05/2006	-	Active	NO
53	U50401PN2006PTC128545	ROSEMARY TRADING COMPANY PRIVATE LIMITED	Director	01/06/2006	01/06/2006	23/05/2014	Active	NO
54	U74140PN2006PTC129045	FUCHSIA CONSULTANTS PRIVATE LIMITED	Director	12/09/2006	12/09/2006	09/05/2014	Active	NO
55	U14213PN2007PTC129573	LORD GANESHA MINERALS PRIVATE LIMITED	Director	07/02/2007	07/02/2007	-	Active	NO
56	U51909PN2007PTC129651	KALYANI EDUCATION MANAGEMENT SERVICES PRIVATE LIMITED	Director	23/02/2007	23/02/2007	-	Active	NO
57	U70102PN2007PTC129995	ZEPHYR PROPERTIES PRIVATE LIMITED	Director	18/04/2007	18/04/2007	-	Active	NO
58	U74999MH1995PTC089436	KRUTADNYA MANAGEMENT AND TRADING SERVICES PRIVATE LIMITED	Director	18/06/2007	18/06/2007	-	Converted to LLP	NO
59	U40108PN2007PTC130728	KALYANI WIND SOLUTIONS PRIVATE LIMITED	Director	20/09/2007	20/09/2007	-	Strike off	NO
60	U45200PN2007PTC130727	KHED WIND ENERGY AND INFRA PROJECTS PRIVATE LIMITED	Director	20/09/2007	20/09/2007	-	Active	NO
61	U45200PN2005PTC021176	GRAND MARATHA CONSTRUCTIONS PRIVATE LIMITED	Nominee director	13/10/2007	13/10/2007	24/02/2011	Active	NO
62	U40102PN2007PTC130881	KENERSYS INDIA PRIVATE LIMITED	Director	20/10/2007	20/10/2007	-	Active	NO
63	U70102PN2008PTC131618	CHENE PROPERTIES PRIVATE LIMITED	Director	17/03/2008	17/03/2008	-	Active	NO
64	U55102PN1964PLC012985	PIH FINVEST COMPANY LIMITED	Director	27/09/2008	30/03/2008	-	Active	NO
65	U70102PN2008PTC131809	ARMOISE REAL ESTATES PRIVATE LIMITED	Director	16/04/2008	16/04/2008	-	Active	NO
66	U66000PN2008PTC132518	DAMIKA INSURANCE BROKING COMPANY PRIVATE LIMITED	Director	31/07/2008	31/07/2008	-	Active	NO
67	U72200PN2008PLC132839	KALYANI TECHNOLOGIES LIMITED	Director	25/09/2008	25/09/2008	-	Active	NO
68	U65923PN1990PTC056223	VISHWASARH FINANCE PRIVATE LIMITED	Additional director	27/01/2009	27/01/2009	03/11/2009	Active	NO
69	U45203PN2008PTC131242	KHED ECONOMIC INFRASTRUCTURE PRIVATE LIMITED	Director	09/04/2009	16/02/2009	18/05/2009	Active	NO
70	U70102PN2008PLC131478	KHED DEVELOPERS LIMITED	Director	09/04/2009	16/02/2009	18/05/2009	Active	NO
71	U70102PN2009PTC133626	KTMS PROPERTIES PRIVATE LIMITED	Director	13/03/2009	13/03/2009	-	Active	NO
72	U27100PN2007PTC129759	PUNE POWER DEVELOPMENT PRIVATE LIMITED	Director	30/09/2009	01/09/2009	-	Active	NO
73	U29309PN1995PLC095170	SEINUMERO MACHINE TOOLS LIMITED	Director	30/09/2009	01/09/2009	14/06/2012	Active	NO
74	U41000PN2009PTC134755	GULBAKSHI WATER SUPPLY COMPANY PRIVATE LIMITED	Director	05/10/2009	05/10/2009	-	Active	NO
75	U13205PN2009PTC134972	KALYANI NATURAL RESOURCES PRIVATE LIMITED	Director	13/11/2009	13/11/2009	-	Active	NO
76	U72900PN2009PTC135020	India Internet Domain Private Limited	Director	20/11/2009	20/11/2009	-	Active	NO
77	U45200PN2010PTC135303	SHRIDATTA REALTIES PRIVATE LIMITED	Director	12/01/2010	12/01/2010	02/12/2011	Active	NO
78	U45200PN2010PTC135302	SBK PROPERTIES PRIVATE LIMITED	Director	12/01/2010	12/01/2010	02/12/2011	Active	NO
79	U45200PN2010PTC135301	DGM REALTIES PRIVATE LIMITED	Director	12/01/2010	12/01/2010	02/12/2011	Active	NO
80	U67120MH1991PTC060377	SHEETALDHARA INVESTMENT P LTD	Director	03/02/2010	03/02/2010	-	Active	NO
81	U67120MH1991PTC060378	NETRADEEP INVESTMENTS P LTD	Director	03/02/2010	03/02/2010	-	Active	NO
82	U65993KA1991PTC067687	JAYPATRI INVESTMENTS PVT LTD	Director	03/02/2010	03/02/2010	-	Active	NO
83	U40106PN2010PTC136840	KG Renewable Energy Private Limited	Director	26/09/2011	07/09/2010	-	Strike off	NO
84	U40106PN2010PTC136841	KG Solar Energy Private Limited	Director	26/09/2011	07/09/2010	-	Strike off	NO
85	U29299MH1996PTC103010	KALYANI EDUCATION FOUNDATION	Director	10/12/2010	10/12/2010	-	Active	NO
86	U40106PN2011PTC138621	NOUVEAU POWER AND INFRASTRUCTURE PRIVATE LIMITED	Director	21/02/2011	21/02/2011	05/05/2012	Active	NO
87	U29141MH1979PLC020973	KALYANI TECHNOFORGE LIMITED	Director	30/09/2011	28/02/2011	-	Active	NO
88	U41000PN2011PTC139551	B Y WATERS PRIVATE LIMITED	Director	13/05/2011	13/05/2011	-	Strike off	NO
89	U13209DL2011PTC223704	Ecotech Natural Resources Private Limited	Director	12/08/2011	12/08/2011	-	Active	NO
90	U13204DL2011PTC223698	Ecotech Mining Venture Private Limited	Director	12/08/2011	12/08/2011	-	Active	NO
91	U13200DL2011PTC223775	Classic Mining Venture private limited	Director	16/08/2011	16/08/2011	-	Active	NO
92	U13200DL2011PTC223764	Alpha Natural Resources Private Limited	Director	16/08/2011	16/08/2011	-	Active	NO
93	U13100DL2011PTC223787	Elan Natural Resources Private Limited	Director	17/08/2011	17/08/2011	-	Active	NO
94	U01111MH1991PLC062106	KALYANI AGRO CORPORATION LTD	Director	30/09/2011	30/08/2011	-	Active	NO
95	U13100DL2011PTC227772	Wisdom Mining Venture Private Limited	Director	22/11/2011	22/11/2011	-	Active	NO
96	U13209DL2011PTC227719	Macle Natural Resources Private Limited	Director	22/11/2011	22/11/2011	-	Active	NO
97	U13209DL2011PTC227718	Eldorado Mining Venture Private Limited	Director	22/11/2011	22/11/2011	-	Active	NO
98	U13100DL2011PTC227716	Eldorado Natural Resources Private Limited	Director	22/11/2011	22/11/2011	-	Active	NO
99	U74999PN2011PTC141365	KHED TEXTILE PARK PRIVATE LIMITED	Director	16/05/2013	23/11/2011	-	Active	NO
100	U13100DL2011PTC227866	Wisdom Natural Resources Private Limited	Director	23/11/2011	23/11/2011	-	Active	NO
101	U27320PN2011PLC141743	BARAMATI SPECIALITY STEELS LIMITED	Director	22/12/2011	22/12/2011	-	Active	NO
102	U13209DL2012PTC232461	INNATE NATURAL RESOURCES PRIVATE LIMITED	Director	06/03/2012	06/03/2012	-	Active	NO
103	U13200DL2012PTC232598	Castle Mining Venture Private Limited	Director	09/03/2012	09/03/2012	-	Active	NO
104	U13209DL2012PTC233005	Innate Mining Venture Private Limited	Director	16/03/2012	16/03/2012	-	Active	NO
105	U13200DL2012PTC233220	Castle Natural Resources Private Limited	Director	21/03/2012	21/03/2012	-	Active	NO
106	U13204DL2012PTC234784	Macle Mining Venture Private Limited	Director	25/04/2012	25/04/2012	-	Active	NO
107	U80903PN2012NPL143985	KALYANI SKILLS PRIVATE LIMITED	Director	10/07/2012	10/07/2012	30/09/2013	Active	NO
108	U80903PN2012NPL144161	KALYANI POLYTECHNIC PRIVATE LIMITED	Director	24/07/2012	24/07/2012	-	Active	NO
109	U29270PN2012PTC144268	BF Elbit Advanced Systems Private Limited	Director	02/08/2012	02/08/2012	29/01/2013	Active	NO
110	U29222PN2013PTC146849	Kalyani Transmission Technologies Private Limited	Director	05/04/2013	05/04/2013	-	Active	NO
111	AAB-7094	KRUTADNYA MANAGEMENT AND TRADING SERVICES LLP	Designated Partner	16/08/2013	16/08/2013	-	Active	NO

Name :

Mr. Santanam R Swamy

Designation :

Director

Address :

B – 208, Royal Palms LBS Nagar, Annasandra Palya, Bangalore – 560017, Karnataka, India

Date of Birth/Age :

28.10.1948

Date of Appointment :

30.06.2012

DIN No.:

02424308

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	U74140MH1985PTC036722	KALYANI GLOBAL ENGINEERING PRIVATE LIMITED	Director	30/06/2012	01/11/1996	-	Active	NO
2	U45400UP2012PTC048390	HOSPET BELLARY HIGHWAYS PRIVATE LIMITED	Director	17/01/2012	17/01/2012	-	Active	NO

Name :

Mr. Aniruddha Jain

Designation :

Director

KEY EXECUTIVES

Name :	Mr. Sachin Deodhar
Designation :	Account Executive

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2013

Names of Shareholders	No. of Shares	Percentage of Holding
Yokoha Investment Private Limited, Pune	25101	2.51
Peach Blossom Investment Private Limited, Pune	25100	2.51
Rosario Investment Private Limited, Pune	100	0.01
Hibiscus Investment and Finance Private Limited, Pune	25101	2.51
Sadguru Investment and Trading Company, Pune	90000	9.00
Sundaram Trading and Investment Private Limited, Pune	90000	9.00
Shri Tulijabhavani Investment Private Limited, Pune	90000	9.00
Vasai Fort Trading Company Private Limited, Pune	90000	9.00
Janjira Trading Company Private Limited, Pune	90000	9.00
Blenda Investment Private Limited, Pune	90000	9.00
Akurdi Trading Company Private Limited, Pune	90000	9.00
Chakarapushpa Investment and Finance Limited, Pune	90000	9.00
Acorn Properties Private Limited, Pune	52500	5.25
Purandhar Trading Company Private Limited, Pune	47500	4.75
Pratapgad Trading Company Private Limited, Pune	10000	1.00
Axiom Project Consultants Private Limited, Pune	95000	9.50
Total	1,000,402	100.00

As on 30.09.2013

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Bodies corporate	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Subject is engaged into industrial construction activity and also doing Trading of Transformer.
Products :	Not Available
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Divulged
Imports :	Not Divulged
Terms :
Selling :	Cash, L/C and Credit
Purchasing :	Cash, L/C and Credit

GENERAL INFORMATION

Suppliers :

Reference :	ACC Cement Limited – Karnataka, India
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

Customers :

Reference :	Reliance
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

No. of Employees :

150 (Approximately)

Bankers :

• HDFC Bank Limited – HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400013, Maharashtra, India
• State Bank of India - Tara Chambers, 2nd Floor, Wakdewadi, Pune Mumbai Highway Near Mariaai Police Station Pune – 411003, Maharashtra, India
• Yes Bank Limited – 9^th Floor, Nehru Centre, Discovery Of India, Dr. 
  Annie Besant Road, Worli, Mumbai - 400018, Maharashtra, India

Facilities :

--

Auditors :
Name :	Prashant V Deodhar Chartered Accountant
Address :	Flat No. 11, Building No. 8-B, Laxminarayan Nagar, No. 4 Co-Operative Housing Society, Erandawana, Pune 411036, Maharashtra, India
PAN No.:	ABAPD7786M
Memberships :	--
Collaborators :	--
Sister Concern :	Kalyani Thermal Systems Limited
Related Party :	B Y Waters Private Limited (CIN No.: U41000PN2011PTC139551)

CAPITAL STRUCTURE

As On 30.09.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
1,002,000	Equity Shares	Rs. 10/- each	Rs. 10.020 Millions
8,000	Preference Shares	Rs. 10/- each	Rs. 0.080 Million
	Total		Rs. 10.100 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1,000,402	Equity Shares	Rs. 10/- each	Rs. 10.004 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	10.004	10.004	10.004
(b) Reserves & Surplus	2145.817	2005.939	1956.797
(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)	2155.821	2015.943	1966.801
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.045
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	0.030	0.045	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	0.030	0.045	0.045
(4) Current Liabilities
(a) Short term borrowings	467.642	242.687	0.000
(b) Trade payables	197.708	183.016	102.631
(c) Other current liabilities	618.290	795.086	180.325
(d) Short-term provisions	0.000	0.000	6.178
Total Current Liabilities (4)	1283.640	1220.789	289.134
TOTAL	3439.491	3236.777	2255.980
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	41.851	37.527	20.711
(ii) Intangible Assets	4.419	2.871	2.484
(iii) Capital work-in-progress	0.000	3.514	0.246
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	432.759	374.564	501.663
(c) Deferred tax assets (net)	2.193	3.619	2.677
(d) Long-term Loan and Advances	1452.938	1401.621	937.335
(e) Other Non-current assets	6.199	63.254	3.195
Total Non-Current Assets	1940.359	1886.970	1468.311
(2) Current assets
(a) Current investments	137.175	168.742	0.000
(b) Inventories	342.877	432.508	289.668
(c) Trade receivables	476.496	432.790	175.457
(d) Cash and cash equivalents	203.229	99.554	147.770
(e) Short-term loans and advances	291.946	147.205	153.085
(f) Other current assets	47.409	69.008	21.689
Total Current Assets	1499.132	1349.807	787.669
TOTAL	3439.491	3236.777	2255.980

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income
		Other Income
		TOTAL (A)	1688.981	1185.035	2306.373
Less	EXPENSES
		TOTAL (B)	1404.665	1104.153	1956.429
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		284.316	80.882	349.944
Less	FINANCIAL EXPENSES (D)		30.262	1.353	1.697
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		254.054	79.529	348.247
Less/ Add	DEPRECIATION/ AMORTISATION (F)		10.823	7.153	7.170
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)		243.231	72.376	341.077
Less	TAX		(103.354)	(23.234)	(97.320)
Less	PRIOR PERIOD ADJUSTMENT		0.000	0.000	(0.009)
	PROFIT/ (LOSS) AFTER TAX		139.877	49.142	243.748
	Earnings / (Loss) Per Share (Rs.)		139.82	49.12	243.65

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
Return on Total Assets (PBT/Total Assets}	(%)	8.10	2.53	19.47
Return on Investment (ROI) (PBT/Networth)		0.11	0.04	0.17
Debt Equity Ratio (Total Liability/Networth)		0.22	0.12	0.00
Current Ratio (Current Asset/Current Liability)		1.17	1.11	2.72

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	10.004	10.004	10.004
Reserves & Surplus	1956.797	2005.939	2145.817
Net worth	1966.801	2015.943	2155.821
long-term borrowings	0.045	0.000	0.000
Short term borrowings	0.000	242.687	467.642
Total borrowings	0.045	242.687	467.642
Debt/Equity ratio	0.000	0.120	0.217

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	2306.373	1185.035	1688.981
		(48.619)	42.526

NET PROFIT MARGIN

Net Profit Margin	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	2306.373	1185.035	1688.981
Profit	243.748	49.142	139.877
	10.57%	4.15%	8.28%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	----------------------
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	Yes
18]	Major customers	Yes
19]	Payments terms	Yes
20]	Export / Import details (if applicable)	No
21]	Market information	---------------------
22]	Litigations that the firm / promoter involved in	---------------------
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	--------------------
26]	Buyer visit details	--------------------
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	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

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10496819	09/05/2014	350,000,000.00	HDFC BANK LIMITED	HDFC BANK HOUSE SENAPATI BAPAT MARG, LOWER PAREL  W, MUMBAI, Maharashtra - 400013, INDIA	C05241435
2	10435715	22/06/2013	6,555,000.00	SREI Equipment Finance Private Limited	'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, West Bengal - 700046, INDIA	B79139317
3	10361648	02/11/2012 *	200,000,000.00	YES BANK LIMITED	9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR.  ANNIE BESANT ROAD, WORLI, MUMBAI, Maharashtra -  400018, INDIA	B61397824

* Date of charge modification

UNSECURED LOANS

PARTICULAR	31.03.2013 (Rs. in Millions)	31.03.2012 (Rs. in Millions)
SHORT TERM BORROWINGS
Working capital loan from banks	227.642	117.687
Loans repayable on demand	240.000	125.000
Total	467.642	242.687

FIXED ASSETS

• Buildings
• Office Building
• Plant and Equipment
• Factory Equipment
• Furniture and Fixture
• Vehicles
• 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. 61.87
UK Pound	1	Rs. 96.90
Euro	1	Rs. 76.29

INFORMATION DETAILS

Information Gathered by :	DIP
Analysis Done by :	DIV
Report Prepared by :	JYO

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	7
--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	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		50

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.