MIRA INFORM REPORT

Report Date :

17.12.2014

IDENTIFICATION DETAILS

Name :	CHADALAVADA INFRATECH LIMITED (w.e.f 29.04.2010)
Formerly known as :	CHADALAVADA INFRATECH PRIVATE LIMITED
Registered Office :	8-3-988/19 SBH Colony, Sri Nagar Colony (Post), Hyderabad – 500073, Andhra Pradesh
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	09.02.2000
Com. Reg. No.:	23-033504
Capital Investment / Paid-up Capital :	Rs. 173.522 Millions
CIN No.: [Company Identification No.]	U40109AP2000PLC033504
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AABCC4800C
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Construction Activity.
No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

Ca (11)

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Exist
Comments :	Subject is an established company having moderate track record. Profitability of the company is under pressure. There are accumulated losses recorded by the company. Business is active. Payment terms are slow. The company can be considered for business dealing on a safe and secured 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 = D
Rating Explanation	Lowest credit quality and very low prospects of recovery.
Date	10.04.2014

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 DECLINED

Management non co-operative (91-40-23734651)

LOCATIONS

Registered Office :	8-3-988/19 SBH Colony, Sri Nagar Colony (Post), Hyderabad – 500073, Andhra Pradesh, India
Tel. No.:	91-40-23734651
Fax No.:	91-40-23734751
E-Mail :	ccpl-hyd@yahoo.com
Website :	www.chadalavad.in

DIRECTORS

As on 30.09.2014

Name :

Mr. Ch Ravindra Babu

Designation :

Managing Director

Address :

8-3-988/19 SBH Colony, Sri Nagar Colony (Post), Hyderabad – 500073, Andhra Pradesh, India

Date of Birth/Age :

25.08.1971

Date of Appointment :

01.04.2007

DIN No.:

01771422

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	U40109AP2000PLC033504	CHADALAVADA INFRATECH LIMITED	Managing director	01/04/2007	29/02/2000	-	Active	NO
2	U10100TG2009PTC062459	CHADALAVADA MINES & MINERALS PRIVATE LIMITED	Managing director	01/04/2009	05/01/2009	-	Active	NO
3	U40108TG2010PTC066844	C I T L ENERGY PRIVATE LIMITED	Director	29/01/2010	29/01/2010	-	Active	NO
4	U40108TG2010PTC066845	C R B ENERGY PRIVATE LIMITED	Director	29/01/2010	29/01/2010	-	Active	NO
5	U28910TG2011PTC072377	CHADALAVADA ODISHA PELLETS PRIVATE LIMITED	Director	24/01/2011	24/01/2011	-	Active	NO
6	U28910TG2011PTC073052	CHADALAVADA CHHATTISGARH PELLETS PRIVATE LIMITED	Director	04/03/2011	04/03/2011	-	Active	NO
7	U65923TG2011PTC073151	CHADALAVADA INVESTMENTS PRIVATE LIMITED	Director	09/03/2011	09/03/2011	-	Active	NO
8	U14200OR2011PTC013603	SSR JODA MINERALS PRIVATE LIMITED	Director	10/05/2011	10/05/2011	-	Active	NO

Name :

Mr. Venkata Subba Rao Chadalavada

Designation :

Director

Address :

8-3-988/19 SBH Colony, Sri Nagar Colony (Post), Hyderabad – 500073, Andhra Pradesh, India

Date of Birth/Age :

25.08.1996

Date of Appointment :

01.04.2007

DIN No.:

01771457

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	U40109AP2000PLC033504	CHADALAVADA INFRATECH LIMITED	Director	01/04/2007	10/08/2001	-	Active	NO
2	U40108TG2010PTC066845	C R B ENERGY PRIVATE LIMITED	Managing director	01/04/2010	29/01/2010	-	Active	NO

Name :

Mr. Venkata Subbaiah Tumati

Designation :

Director

Address :

Parameshwari Building, B/h Korvi House, Shivagiri Extension, Lingaraj Nagar, Hyderabad – 580031, Telangana,

India

Date of Birth/Age :

22.02.1957

Date of Appointment :

01.04.2007

DIN No.:

01771500

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	U40109AP2000PLC033504	CHADALAVADA INFRATECH LIMITED	Director	01/04/2007	29/02/2000	-	Active	NO
2	U40108TG2010PTC066844	C I T L ENERGY PRIVATE LIMITED	Managing director	01/04/2010	29/01/2010	-	Active	NO

MAJOR SHAREHOLDERS

As on 30.09.2014

Names of Shareholders	No. of Shares
CH Ravindra Babu	12876700
Venkata Suba Rai Chadalavada	1002900
Venkata Subbaiah Tumati	579100
CH Adaiah	149600
CH Saraswati	160300
CH Varalakshmi	1016800
Gaddam Srinivasa Rao	1053800
G Purnachandra Rao	89200
G Subba Rao	79600
M Rajya Lakshmi	492000
Total	17500000

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2014

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Construction Activity.

Products :

Product Description	Item Code No. (ITC Code)
Construction	4418

Brand Names :

Not Available

Agencies Held :

Not Available

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 :

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

No. of Employees :

Information declined by the management.

Bankers :

• State Bank of India, Nacharam Industrial Branch, Nacharam, Hyderabad – 500076, Andhra Pradesh, India

Facilities :

(Rs. In Millions)

SECURED LOAN	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWING
Rupee term loan from others	95.128	76.363
SHORT TERM BORROWING
Working Capital loan from Banks	510.620	468.803
Total	605.748	545.166

Auditors :
Name :	Venugopal and Chenoy Chartered Accountant
Address :	4-1-889/16/2, Tilak Road, Hyderabad – 500001, Andhra Pradesh, India
PAN No.:	AACFV0612M
Memberships :	--
Collaborators :	--
Associates/Subsidiaries :	Not Divulged

CAPITAL STRUCTURE

After 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
17500000	Equity Shares	Rs.10/- each	Rs. 175.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
17500000	Equity Shares	Rs.10/- each	Rs.175.000 Millions

As on 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
17500000	Equity Shares	Rs.10/- each	Rs. 175.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
17352150	Equity Shares	Rs.10/- each	Rs.173.522 Millions

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	173.522	80.196	80.196
(b) Reserves & Surplus	(123.957)	(92.563)	(7.519)
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	63.100	63.100
Total Shareholders’ Funds (1) + (2)	49.565	50.733	135.777
(3) Non-Current Liabilities
(a) long-term borrowings	221.499	192.146	204.310
(b) Deferred tax liabilities (Net)	(1.460)	(1.272)	(0.650)
(c) Other long term liabilities	10.466	11.022	0.237
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	230.505	201.896	203.897
(4) Current Liabilities
(a) Short term borrowings	510.620	468.802	298.796
(b) Trade payables	310.975	341.405	314.491
(c) Other current liabilities	329.410	341.738	305.575
(d) Short-term provisions	62.837	63.336	52.665
Total Current Liabilities (4)	1213.842	1215.281	971.527
TOTAL	1493.912	1467.910	1311.201
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	22.365	26.619	35.933
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.000	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	80.656	75.886	68.950
(e) Other Non-current assets	0.132	0.188	0.308
Total Non-Current Assets	103.153	102.693	105.191
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	194.525	194.763	207.138
(c) Trade receivables	149.305	170.786	125.196
(d) Cash and cash equivalents	96.572	91.442	149.374
(e) Short-term loans and advances	465.415	431.401	409.437
(f) Other current assets	484.942	476.825	314.865
Total Current Assets	1390.759	1365.217	1206.010
TOTAL	1493.912	1467.910	1311.201

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income	266.713	426.138	393.504
	Other Income	12.220	10.904	12.857
	TOTAL (A)	278.933	437.042	406.361
Less	EXPENSES
	Cost of Materials Consumed	175.737	323.805	321.432
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	0.238	12.374	(203.217)
	Employees benefits expense	17.675	19.709	46.872
	Other expenses	35.299	72.969	323.095
	TOTAL (B)	228.949	428.857	488.182
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	49.984	8.185	(81.821)
Less	FINANCIAL EXPENSES (D)	77.800	77.104	129.390
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	(27.816)	(68.919)	(211.211)
Less/ Add	DEPRECIATION/ AMORTISATION (F)	3.765	6.075	8.143
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	(31.581)	(74.994)	(219.354)
Less	TAX (I)	(0.188)	10.050	7.858
	PROFIT/ (LOSS) AFTER TAX (G-I) (J)	(31.393)	(85.044)	(227.212)
	Earnings / (Loss) Per Share (Rs.)	(1.81)	(10.60)	(28.33)

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT/Sales)	(%)	(11.77)	(19.96)	(57.74)
Operating Profit Margin (PBDIT / Sales)	(%)	18.74	1.92	(20.79)
Return on Total Assets (PBT/Total Assets}	(%)	(2.11)	(5.11)	(16.73)
Return on Investment (ROI) (PBT/Networth)		(0.64)	(1.48)	(1.62)
Debt Equity Ratio (Total Debt /Networth)		14.77	13.03	3.71
Current Ratio (Current Asset/Current Liability)		1.15	1.12	1.24

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	80.196	80.196	173.522
Reserves & Surplus	(7.519)	(92.563)	(123.957)
Share Application money pending allotment	63.100	63.100	0.000
Net worth	135.777	50.733	49.565
long-term borrowings	204.310	192.146	221.499
Short term borrowings	298.796	468.802	510.620
Total borrowings	503.106	660.948	732.119
Debt/Equity ratio	3.705	13.028	14.771

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	393.504	426.138	266.713
		8.293	(37.412)

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	393.504	426.138	266.713
Profit	(227.212)	(85.044)	(31.393)
	(57.74%)	(19.96%)	(11.77%)

LOCAL AGENCY FURTHER INFORMATION

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

Note:

Registered office of the company has been shifted from Plot No. 4, Sunder Nagar, Near ESI, Hyderabad, Andhra Pradesh, India to the present address w.e.f.07.12.2005

LITIGATION DETAILS

LITIGATION DETAILS
AP 208/2014 CPSR 3203/2014 CASE IS : PENDING
Petitioner:-	SOUTHERN POWER EQUIPMENT PRIVATE LIMITED, BANGALORE		VS	VS M/S CHADALAVAD INFRATECH PRIVATE LIMITED, HYDERABAD
Petn.Adv:-	MAMATA		Resp. Adv.:	Ravinder Rao
Subject :-	Company petition		District :-	HYDERABAD
Filling Date :-	29.04.2014	POSTING STAGE :		FOR COUNTER
Subject :-	24.09.2014	LISTING DATE :		18.12.2014	STATUS :	NOTICE
HON’BLEJUDGE(S) : A. RAJASHEKER REDDY

UNSECURED LOAN

(Rs. In Million)

Particulars	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWING
Other loan and advances	126.371	115.782
Total	126.371	115.782

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	80010735	24/05/2014 *	1,572,700,000.00	State Bank of India	Stressed Assets Management Branch (4106), 1-1-78,, 1st Floor, Near Secunderabd A.P.O., R.P Road, SECUNDERABAD, Telangana - 500003, INDIA	C19777440

* Date of charge modification

FIXED ASSETS

• Buildings
• Plant and Equipment
• Furniture And Fixtures
• 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.63.41
UK Pound	1	Rs.99.30
Euro	1	Rs.79.00

INFORMATION DETAILS

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

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
PAID-UP CAPITAL	1~10	2
OPERATING SCALE	1~10	1
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	1
--PROFITABILITY	1~10	1
--LIQUIDITY	1~10	1
--LEVERAGE	1~10	1
--RESERVES	1~10	1
--CREDIT LINES	1~10	1
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		11

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.