MIRA INFORM REPORT

Report Date :

13.12.2014

IDENTIFICATION DETAILS

Name :	SHYAM INDUS POWER SOLUTIONS PRIVATE LIMITED
Registered Office :	129, Transport Centre, Rohtak Road, Punjabi Bagh, New Delhi - 110035
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	24.06.2004
Com. Reg. No.:	55-127124
Capital Investment / Paid-up Capital :	Rs. 251.685 Millions
CIN No.: [Company Identification No.]	U74140DL2004PTC127124
IEC No.:	Not Divulged
TAN No.: [Tax Deduction & Collection Account No.]	Not Divulged
PAN No.: [Permanent Account No.]	AAICS3625E
Legal Form :	Private Limited Liability Company
Line of Business :	They undertake turnkey engineering projects. (Project engineering, Procurement and Construction company)
No. of Employees :	500 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (45)

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

Maximum Credit Limit :	USD 3100000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track record. Rating reflects sound financial risk profile marked by decent liquidity position and financial support from Aryan group of companies. Trade relations are reported to be fair. Business is active. Payments are reported to be usually correct. The company can be considered for business dealing 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	CRISIL
Rating	Long Term Rating = BBB-
Rating Explanation	Moderate Degree of Safety and Moderate Credit Risk.
Date	06.11.2014

Rating Agency Name	CRISIL
Rating	Short Term Rating = A3
Rating Explanation	Moderate Degree of Safety and Higher Credit Risk
Date	06.11.2014

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. Manoj
Designation :	Finance Department
Tel No.:	91-11-45764400/45764408
Mobile No.:	91-9268564633
Date :	11.12.2014

LOCATIONS

Registered Office :	129, Transport Centre, Rohtak Road, Punjabi Bagh, New Delhi – 110035, India
Tel. No.:	91-1145764400/45764444
Mobile No.:	91-9268564692 (Ms. Gitika)
Fax No.:	91-11-45764415/45764427
E-Mail :	info@shyamindus.com shyamindus@vsnl.com corporatecompliance@sindhutrade.com
Website :	www.shyamindus.com
Corporate Office :	C-102, New Multan Nagar, New Delhi – 110056, India
Tel. No.:	91-11-25291259
Regional Office :	H.B. Complex, Dev Colony, Delhi Road, Rohtak (Aryana), Old MLA Quarter 16-MIG, New Market, Bhopal – 46001, Madhya Pradesh, India

DIRECTORS

As on 30.09.2014

Name :

Mr. Saroj Sindhu

Designation :

Director

Address :

23 Rajdoot Marg, Chanakyapuri, New Delhi – 110021, India

Date of Birth/Age :

16.05.1961

Date of Appointment :

31.03.2009

DIN No.:

00034707

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	U67120HR1992PTC034972	INDUS PORTFOLIO PRIVATE LIMITED	Director	28/04/1995	28/04/1995	-	Active	NO
2	U74899DL1993PLC051576	TRINITY MEDICARE LIMITED	Director	29/09/2008	20/09/2008	-	Amalgamated	NO
3	U10100DL2008PTC178373	DIVYASHREE COMPANY PRIVATE LIMITED	Director	19/03/2009	19/03/2009	05/08/2011	Active	NO
4	U74140DL2004PTC127124	SHYAM INDUS POWER SOLUTIONS PRIVATE LIMITED	Director	31/03/2009	31/03/2009	-	Active	NO
5	U29113HR2010PTC040803	SHYAM INDUS FABTECH (INDIA) PRIVATE LIMITED	Director	01/07/2010	01/07/2010	-	Active	NO
6	U45201DL2006PTC146733	FOUR CORNER DEVELOPERS PRIVATE LIMITED	Director	30/09/2011	28/04/2011	-	Active	NO
7	U40106DL2012PTC231017	SIPS UTILITIES PRIVATE LIMITED	Director	03/02/2012	03/02/2012	-	Active	NO
8	U40300DL2012PTC231351	SIPS POWER DISTRIBUTION PRIVATE LIMITED	Director	10/02/2012	10/02/2012	-	Active	NO
9	U40300DL2012PTC231356	SIPS BIO POWER PRIVATE LIMITED	Director	10/02/2012	10/02/2012	-	Active	NO
10	U40300DL2012PTC231408	SIPS BIO FUEL PRIVATE LIMITED	Director	13/02/2012	13/02/2012	-	Active	NO
11	U74899DL1981PTC012629	SHANRA INDIA PRIVATE LTD	Director	06/06/2014	06/06/2014	-	Active	NO
12	U70109DL2007PTC168720	PURSHOTTAM BUILDWELL PRIVATE LIMITED	Additional director	15/07/2014	15/07/2014	-	Active	NO
13	U45400DL2009PTC194576	INDUS INFRA BUILT PRIVATE LIMITED	Director	30/09/2014	24/07/2014	-	Active	NO
14	U70109DL2008PTC178340	RUDRA SEN & BROS JV PROJECTS PRIVATE LIMITED	Director	30/09/2014	24/07/2014	-	Active	NO
15	U45400DL2010PTC207148	INDUS INFRA DEVELOPMENT PRIVATE LIMITED	Additional director	01/09/2014	01/09/2014	-	Active	NO

Name :

Mr. Satyapal Sindhu

Designation :

Director

Address :

53-57, Sector – 14, Rohtak – 124001, Haryana, India

Date of Birth/Age :

12.05.1970

Date of Appointment :

01.04.2012

DIN No.:

00218355

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	U30007DL2003PTC119714	TAS INTEGRATORS PRIVATE LIMITED	Director	02/04/2003	02/04/2003	-	Active	NO
2	U74140DL2004PTC127124	SHYAM INDUS POWER SOLUTIONS PRIVATE LIMITED	Managing director	01/04/2012	24/06/2004	-	Active	NO
3	U60100DL2004PTC127264	HN COAL TRANSPORT PRIVATE LIMITED	Director	30/06/2004	30/06/2004	-	Active	NO
4	U74899DL2000PTC105646	INDUS COMPUQUEST PRIVATE LIMITED	Director	24/07/2004	24/07/2004	01/11/2007	Amalgamated	NO
5	U64204DL2007PTC163105	HARI BHOOMI COMMUNICATIONS PRIVATE LIMITED	Director	08/05/2007	08/05/2007	-	Active	NO
6	U10100DL2008PTC178373	DIVYASHREE COMPANY PRIVATE LIMITED	Director	21/05/2008	21/05/2008	05/08/2011	Active	NO
7	U45400DL2009PTC194576	INDUS INFRA BUILT PRIVATE LIMITED	Director	23/09/2009	23/09/2009	-	Active	NO
8	U40106DL2010PTC202694	SHYAM INDUS SOLAR POWER PRIVATE LIMITED	Director	14/05/2010	14/05/2010	-	Active	NO
9	U40106DL2010PTC204828	INDUS SOR URJA PRIVATE LIMITED	Director	25/06/2010	25/06/2010	-	Active	NO
10	U29113HR2010PTC040803	SHYAM INDUS FABTECH (INDIA) PRIVATE LIMITED	Director	01/07/2010	01/07/2010	-	Active	NO
11	L51909DL1984PLC019623	SINDHU TRADE LINKS LIMITED	Additional director	10/07/2010	10/07/2010	-	Amalgamated	NO
12	U40200DL2010PTC207258	SHYAM INDUS URJA PRIVATE LIMITED	Director	18/08/2010	18/08/2010	-	Active	NO
13	U40106DL2010PTC207477	SHYAM INDUS ENERGY PRIVATE LIMITED	Director	24/08/2010	24/08/2010	-	Active	NO
14	U40106DL2010PTC207571	SHYAM INDUS HYDEL POWER PRIVATE LIMITED	Director	26/08/2010	26/08/2010	-	Active	NO
15	U40106DL2011PTC216879	VAISHNAWI ENERGY DISTRIBUTION PRIVATE LIMITED	Director	01/04/2011	01/04/2011	-	Active	NO
16	U74140DL2011PTC217453	PARAM MITRA ASSOCIATES PRIVATE LIMITED	Director	13/04/2011	13/04/2011	-	Active	NO
17	U01122DL2006PTC145835	BHUMI AGROFARMS PRIVATE LIMITED	Director	30/09/2011	04/07/2011	-	Amalgamated	NO
18	L63020DL1992PLC121695	SINDHU TRADE LINKS LIMITED	Managing director	29/05/2014	25/11/2011	-	Active	NO
19	U40106DL2012PTC231017	SIPS UTILITIES PRIVATE LIMITED	Director	03/02/2012	03/02/2012	-	Active	NO
20	U40300DL2012PTC231351	SIPS POWER DISTRIBUTION PRIVATE LIMITED	Director	10/02/2012	10/02/2012	-	Active	NO
21	U40300DL2012PTC231356	SIPS BIO POWER PRIVATE LIMITED	Director	10/02/2012	10/02/2012	-	Active	NO
22	U40300DL2012PTC231408	SIPS BIO FUEL PRIVATE LIMITED	Director	13/02/2012	13/02/2012	-	Active	NO
23	U51909WB2010PTC143472	AYEASHA VINCOM PRIVATE LIMITED	Director	07/09/2012	07/09/2012	-	Active	NO
24	U51101WB2010PTC143692	ELLORA COMMOSALES PRIVATE LIMITED	Director	07/09/2012	07/09/2012	-	Active	NO
25	U74140DL2012PTC243741	Indus Best Mega Food Park Private Limited	Director	17/10/2012	17/10/2012	-	Active	NO
26	U40109OR2012PTC016209	RIVER SIDE UTILITIES PRIVATE LIMITED	Director	09/11/2012	09/11/2012	-	Active	NO
27	U40107OR2012PTC016323	SEASIDE UTILITIES PRIVATE LIMITED	Director	11/12/2012	11/12/2012	-	Active	NO
28	U67190DL2013PTC251048	PARAM MITRA INVESTMENTS PRIVATE LIMITED	Director	23/04/2013	23/04/2013	-	Active	NO
29	U70109DL2013PTC254452	ESTEEM REALTECH PRIVATE LIMITED	Director	26/06/2013	26/06/2013	-	Active	NO
30	U70200DL2013PTC255415	GREENWOOD BUILDTECH PRIVATE LIMITED	Director	16/07/2013	16/07/2013	-	Active	NO
31	U74899DL2006PTC144599	FLAIR ELECTRIC PROJECTS PRIVATE LIMITED	Director	30/09/2014	31/03/2014	-	Active	NO

Name :

Mr. Saurabh Sindhu

Designation :

Director

Address :

House N. 96A, Sindhu Bhawan, Subash Nagar, Rohtak – 124001, Haryana, India

Date of Birth/Age :

05.11.1985

Date of Appointment :

31.03.2009

DIN No.:

02291158

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	U70102CT2008PTC020945	CHHATISGARH LAND AND BUILDING DEVELOPERS PRIVATE LIMITED	Director	26/11/2008	26/11/2008	-	Active	NO
2	U74140DL2004PTC127124	SHYAM INDUS POWER SOLUTIONS PRIVATE LIMITED	Director	31/03/2009	31/03/2009	-	Active	NO
3	U51310DL2008PTC183071	MAHAVIR MULTITRADE PRIVATE LIMITED	Director	14/05/2009	14/05/2009	-	Active	NO
4	U10300DL2007PTC157593	AVANI MINING PRIVATE LIMITED	Director	22/09/2010	14/10/2009	-	Active	NO
5	U74899DL2006PTC144599	FLAIR ELECTRIC PROJECTS PRIVATE LIMITED	Director	22/03/2011	22/03/2011	-	Active	NO
6	U34102DL2011PTC216811	INDUS AUTOMOBILES PRIVATE LIMITED	Director	31/03/2011	31/03/2011	-	Active	NO
7	U34100DL2010PTC205265	INDUS AUTOMOTIVES PRIVATE LIMITED	Director	20/09/2013	01/10/2012	-	Active	NO
8	L63020DL1992PLC121695	SINDHU TRADE LINKS LIMITED	Additional director	01/12/2012	01/12/2012	06/06/2013	Active	NO
9	U27100DL2013PTC252349	MAHAVIR ARYAN INDUSTRIES PRIVATE LIMITED	Director	20/05/2013	20/05/2013	-	Active	NO
10	U40100AP2011PTC075630	Sudha Bio Power Private Limited	Director	15/06/2013	15/06/2013	-	Active	NO
11	U70109DL2013PTC254452	ESTEEM REALTECH PRIVATE LIMITED	Director	26/06/2013	26/06/2013	-	Active	NO
12	U70200DL2013PTC255415	GREENWOOD BUILDTECH PRIVATE LIMITED	Director	16/07/2013	16/07/2013	-	Active	NO
13	U64204DL2007PTC163105	HARI BHOOMI COMMUNICATIONS PRIVATE LIMITED	Additional director	18/11/2013	18/11/2013	-	Active	NO
14	U70109DL2008PTC178340	RUDRA SEN & BROS JV PROJECTS PRIVATE LIMITED	Director	30/09/2014	18/11/2013	-	Active	NO
15	U45400DL2007PTC168480	ARISTON INFRASTRUCTURE PRIVATE LIMITED	Additional director	29/11/2014	29/11/2014	-	Active	NO

Name :

Mr. Rajpal Solanki

Designation :

Director

Address :

BH – 13, East Shalimar Bagh, New Delhi – 110088, India

Date of Birth/Age :

20.10.1956

Date of Appointment :

11.01.2012

DIN No.:

00451314

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	U27101PN1994PTC015208	SOHN STEEL PRIVATE LIMITED	Director	14/12/1994	14/12/1994	-	Active	NO
2	U23204DL2003PLC123515	ESAAR BIO-TECH PRODUCTS LIMITED	Director	15/12/2003	15/12/2003	-	Active	NO
3	U27106GJ2003PTC042778	NILKANTH CONCAST PRIVATE LIMITED	Director	05/08/2005	05/08/2005	15/11/2007	Active	NO
4	U70109DL2006PTC150959	K.R. INFRASTRUCTURE DEVELOPMENT CO PRIVATE LIMITED	Director	29/09/2008	08/02/2008	-	Active	NO
5	U74899DL1995PTC065500	ALANDI STEEL PRIVATE LIMITED	Director	30/09/2011	06/10/2009	-	Active	NO
6	U28910DL2009PTC196100	T M K STEEL INDUSTRY PRIVATE LIMITED	Director	17/11/2009	17/11/2009	-	Active	NO
7	U51909DL2010PTC210153	SRIVENKATESHWAR TRADEX PRIVATE LIMITED	Director	03/11/2010	03/11/2010	16/10/2014	Active	NO
8	L63020DL1992PLC121695	SINDHU TRADE LINKS LIMITED	Director	29/09/2012	25/11/2011	-	Active	NO
9	U74140DL2004PTC127124	SHYAM INDUS POWER SOLUTIONS PRIVATE LIMITED	Director	11/01/2012	11/01/2012	-	Active	NO
10	U10102DL1997PLC085837	ACB (INDIA) LIMITED	Additional director	06/09/2014	06/09/2014	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Manoj
Designation :	Finance Department

MAJOR SHAREHOLDERS

As on 30.09.2014

Names of Shareholders	No. of Shares
Sindhu Trade links Limited	15443450
Sindhu Satyapal	6359950
Verma Parvesh	100
Sindhu Pal Vrit	250000
Sindhu Sen Vir	250000
Sindhu Suman Dev	250000
Sindhu Abhimanyu	250000
Paramitra Holdings Private Limited	860000
Param Mitra Investments Private Limited	2080000
Tripundmotor and General Finance Private Limited	1425000
Total	27168500

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2014

Category	Percentage
Bodies corporate	72.91
Directors or relatives of Directors	27.09
Total	100.00

BUSINESS DETAILS

Line of Business :	They undertake turnkey engineering projects. (Project engineering, Procurement and Construction company)
Products :	Sales of transformers parts and other related materials Erection and job work receipts for electricity supply Franchisee collections
Brand Names :	Not Divulged
Agencies Held :	Not Divulged
Exports :	Not Divulged
Imports :	Not Divulged
Terms :	Not Divulged

GENERAL INFORMATION

Suppliers :

Reference :	Not Divulged
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 :

• BSES Rajdhani Power Limited
• BSES Yamuna Power Limited
• HPSEB
• MKVVCL
• North Delhi Power Limited
• PSEB
• Siemens Limited
• UHBVNL
• Vijai Electricals Limited

No. of Employees :

500 (Approximately)

Bankers :

• Indian Overseas Bank, Paschim Vihar Branch, 175, Avtar Enclave, Paschim Vihar, New Delhi – 110063, India

Facilities :

SECURED LOAN

(Rs. In Millions)

Particulars	As on 31.03.2013	As on 31.03.2012
SHORT TERM BORROWING
Rupee Tem loan from Banks	474.870	533.257
Total	474.870	533.257

Financial Institution :	Bajaj Auto Finance Limited, Akurdi Pune – 411035, Maharashtra, India
Auditors :
Name :	Kumra Bhatia and Company Chartered Accountant
Address :	Flat No. 8, Vasant Enclave, Palam Marg
PAN No.:	AAEFK4747L
Memberships :	-----
Collaborators :	-----
Related Party :	Indus Infra Built Private Limited Pragati Vanijaya Limited Sainik Finance and Industries Limited S J F Inance Consultants Private Limited Sindhu Trade Links Limited Paramitra Holdings Private Limited Indus Sor Urja Private Limited Shyam Indus Energy Private Limited Shyam Indus Fabtech (India) Private Limited Shyam Indus Hydel Power Private Limited Shyam Indus Solar Power Private Limited Shyam Indus Solar Power Private Limited Paramitra Holdings Private Limited
	·
Subsidiary company :	Flair Electric Projects Private Limited Sips Bio Fuel Private Limited Sips Bio Power Private Limited I P S Power Distribution Private Limited Sips Utilities Private Limited Vaishnawi Energy Distribution Private Limited Lokseva Textrade Private Limited Amanat Agencies Private Limited

CAPITAL STRUCTURE

After 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
30000000	Equity Shares	Rs.10/- each	Rs. 300.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
27168500	Equity Shares	Rs.10/- each	Rs. 271.685 Millions

As on 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
30000000	Equity Shares	Rs.10/- each	Rs. 300.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
25168500	Equity Shares	Rs.10/- each	Rs. 251.685 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	251.685	251.685	115.685
(b) Reserves & Surplus	756.011	713.684	238.219
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	93.592	0.000	36.000
Total Shareholders’ Funds (1) + (2)	1101.288	965.369	389.904
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.533
(b) Deferred tax liabilities (Net)	1.083	0.777	0.804
(c) Other long term liabilities	0.000	9.108	17.325
(d) long-term provisions	86.805	57.802	33.458
Total Non-current Liabilities (3)	87.888	67.687	52.120
(4) Current Liabilities
(a) Short term borrowings	1071.464	957.565	366.608
(b) Trade payables	472.213	269.146	141.169
(c) Other current liabilities	16.521	22.551	463.478
(d) Short-term provisions	19.959	29.003	24.344
Total Current Liabilities (4)	1580.157	1278.265	995.599
TOTAL	2769.333	2311.321	1437.623
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	43.888	46.270	48.214
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	13.504	13.505	0.550
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	146.498	94.860	104.339
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	203.890	154.635	153.103
(2) Current assets
(a) Current investments	48.032	10.599	0.420
(b) Inventories	152.908	160.628	162.710
(c) Trade receivables	1903.682	1560.578	816.838
(d) Cash and cash equivalents	189.708	265.600	133.464
(e) Short-term loans and advances	235.042	125.010	132.078
(f) Other current assets	36.071	34.271	39.010
Total Current Assets	2565.443	2156.686	1284.520
TOTAL	2769.333	2311.321	1437.623

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2013	31.03.2012	31.03.2011
	SALES	NA	NA	NA
Less	EXPENSES	NA	NA	NA
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	70.935	120.786	103.298
Less/ Add	DEPRECIATION/ AMORTISATION	8.342	22.345	29.885
	PROFIT/ (LOSS) BEFORE TAX	62.593	98.441	73.413
Less	TAX	20.265	28.980	24.376
	PROFIT/ (LOSS) AFTER TAX	42.328	69.461	49.037
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD	246.165	176.704	127.667
	Balance Carried to the B/S	288.493	246.165	176.704
	Earnings / (Loss) Per Share (Rs.)	1.68	NA	NA

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
Return on Total Assets (PBT/Total Assets}	(%)	2.27	4.28	5.11
Return on Investment (ROI) (PBT/Networth)		0.06	0.10	0.19
Debt Equity Ratio (Total Debt /Networth)		0.97	0.99	0.94
Current Ratio (Current Asset/Current Liability)		1.62	1.69	1.29

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	115.685	251.685	251.685
Reserves & Surplus	238.219	713.684	756.011
Share Application money pending allotment	36.000	0.000	93.592
Net worth	389.904	965.369	1101.288
long-term borrowings	0.533	0.000	0.000
Short term borrowings	366.608	957.565	1071.464
Total borrowings	367.141	957.565	1071.464
Debt/Equity ratio	0.942	0.992	0.973

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	No
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	Yes
19]	Payments terms	No
20]	Export / Import details (if applicable)	No
21]	Market information	----------------------
22]	Litigations that the firm / promoter involved in	----------------------
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	----------------------
26]	Buyer visit details	----------------------
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

UNSECURED LOAN

(Rs. In Millions)

Particulars	As on 31.03.2013	As on 31.03.2012
SHORT TERM BORROWING
Term Loan from Others	596.594	424.308
Total	596.594	424.308

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	80007699	28/01/2014 *	1,045,000,000.00	Indian Overseas Bank	Paschim Vihar Branch, 175, Avtar Enclave, Paschim Vihar, New Delhi, Delhi - 110063, INDIA	B97258636

* Date of charge modification

FIXED ASSETS

• Land
• Plant and Equipment
• Furniture and Fixture
• Vehicle
• 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. 62.44
UK Pound	1	Rs. 98.15
Euro	1	Rs. 77.38

INFORMATION DETAILS

Information Gathered by :	PRT
Analysis Done by :	SUM
Report Prepared by :	ART

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	5
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		45

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.