MIRA INFORM REPORT

Report Date :

24.12.2014

IDENTIFICATION DETAILS

Name :	RAINBOW ENTERPRISES
Registered Office :	Plot No. 2813/1935, Chintamaniswar Area, P.S. - Laxmi Sagar, Bhubaneswar – 751006, Orissa
Country :	India
Financials (as on) :	31.03.2014
Year of Establishment :	21.05.2013
Capital Investment :	Rs. 0.202 Million
TIN No.:	21162602275
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AEOPD6176Q
Legal Form :	Sole Proprietary Concern
Line of Business :	Construction activities other than residential complex including erection, commissioning, installation, etc. and Supplier of Conveyor Belt.
No. of Employees :	7 (Approximately) [In Office: 4 + In Site: 3]

RATING & COMMENTS

MIRA’s Rating :

B (26)

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

Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is a relatively new proprietary concern having moderate track record. Mr. Madhusudan Das (Chief Executive Officer) has provided us with all information and he also confirmed that the concern has started it business activity from August 2014. The concern has recorded pre-operative expenses. Trade relations is improving. Business is active. Payment terms are reported to be slow. The concern 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

NOT AVAILABLE

RBI DEFAULTERS’ LIST STATUS

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

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2014.

INFORMATION PARTED BY

Name :	Mr. Madhusudan Das
Designation :	Chief Executive Officer
Contact No.:	91-9437030159
Date :	17.12.2014

LOCATIONS

Registered Office :	Plot No. 2813/1935, Chintamaniswar Area, P.S. - Laxmi Sagar, Bhubaneswar – 751006, Orissa, India
Tel. No.:	91-674-2314224/ 2312512
Mobile No.:	91-9437030159 (Mr. Madhusudan Das) 9337223514 (Mr. S.K. Sathpathy [CA])
Fax No.:	Not Available
E-Mail :	msdas123@gmail.com rainbowxx@gmail.com
Area :	2000 Sq. ft.
Location :	Owned
Site :	Kanupur Canal Division Project - II

SOLE PROPRIETOR

Name :	Mr. Sanujit Das
Designation :	Proprietor
Address :	Plot No. 2813/1935, Chintamaniswar Area, P.S. - Laxmi Sagar, Bhubaneswar – 751006, Orissa, India
Date of Birth/Age :	11.07.1976
Qualification :	Commerce Graduate and MBA
Experience :	15 Years
PAN No.:	AEOPD6176Q
Passport No.:	H4978673

KEY EXECUTIVES

Name :	Mr. Madhusudan Das
Designation :	Chief Executive Officer
Address :	Plot No. 2813/1935, Chintamaniswar Area, P.S. - Laxmi Sagar, Bhubaneswar – 751006, Orissa, India
Date of Birth/Age :	17.11.1946
Qualification :	Engineer
Experience :	40 Years
PAN No.:	AAYPD9627N
Passport No.:	G2164777

BUSINESS DETAILS

Line of Business :	Construction activities other than residential complex including erection, commissioning, installation, etc. and Supplier of Conveyor Belt.
Brand Names :	--
Agencies Held :	· Vyshnav Infra Private Limited · Bothra Shipping Services Private Limited
Exports :	--
Imports :	--
Terms :
Selling :	Credit (15 Days)
Purchasing :	Credit (30 Days)

GENERAL INFORMATION

Suppliers :

Reference:	Sundaram Engineers and Construction Private Limited
Name of the Person (with Designation):	Mr. Ajay Singh (Director)
Contact Number:	91-8827805000
Activity :	Supplier of Equipment on Hiring
Since How Long Known:	5 to 6 Months
Maximum Limit Dealt:	As per requirement
Experience :	Payment Behaviour: Good Management: Good Overall: Good
Remarks :	Having satisfactory trade record.

Ritika Engineering Private Limited

Address: Mancheswar Industrial Estate, Sector-A, Zone-A, Bhubaneswar – 751010, Orissa, India

Contact Person: Mr. Subash Jaiswal

Mob. No.: 91-9439492153

Chandrama Equipments and Rental

Address : Kalpataru Apartment, Flat No. 003, Bomikhal, Vuttack Road, Bhubaneswar, Orissa, India

Contact Person : Mr. L.N. Rath

Mob. No. : 91-9437005626

Activity: Supplier of Equipment on Hiring

Prime Mining India Private Limited

Address : M-136, Kapilaprasad, Bimatangi, Bhubaneswar – 751020, Orissa, India

Contact Person : Mr. Sanjay Mohanty

Mob. No. : 91-9437040134

Activity: Supplier of Equipment on Hiring.

Rashmi Ranjan Rout

Address : At: Mehendipur, PO: Bharatpur, P.S.: Sadar Kendrapara, District: Kendrapara, Orissa, India

Activity: Supplier of Equipment on Hiring.

Customer :

Others

Reference:	Bothra Shipping Services Private Limited
Address :	Plot No. 32, D. No. 16-23-67/ 1A, Road No. 3, Pallamraju Nagar, Kakinada, Andhra Pradesh, India
Name of the Person (with Designation):	Mr. Ganga Rao (G.M. Project)
Contact Number:	91-8008077445
Since How Long Known:	3 Years
Maximum Limit Dealt:	Rs. 9.500 Millions or as per requirement
Experience :	Product Quality: Good Delivery Behaviour: Good Overall: Good
Remarks :	Having satisfactory trade record having good management and well educated management they have

No. of Employees :

7 (Approximately) [In Office: 4 + In Site: 3]

Bankers :

Bank Name:	United Bank of India
Branch:	B-58, Sahid Nagar, Bhubaneswar, Orissa, India
Name of the Person (with Designation):	Mr. Pramod Raut (AGM)
Contact Number:	91-674-2545182
Name of Account Holder:	RAINBOW ENTERPRISES
Account Number:	0614050012546
Account Since (Date/ Year of A/c Opening):	1 Years 2 Months
Average Balance Maintained (Optional):	Rs. 0.200 Million
Credit Facilities Enjoyed (CC/OD/Term Loan):	--
Account Operation:	Good
Remarks: It’s a current account and Operations are good.

Bank Name:	Bank of India
Branch:	Bhuneswar Mid-Corporate Branch, Orissa, India
Name of the Person (with Designation):	S. Bhatta (Senior Manager)
Contact Number:	91-674-2559872/ 73
Name of Account Holder:	RAINBOW ENTERPRISES
Account Number:	556620110000080
Account Since (Date/ Year of A/c Opening):	27.11.2014
Average Balance Maintained (Optional):	Rs. 0.050 Million
Credit Facilities Enjoyed (CC/OD/Term Loan):	Presently no credit facility availed
Account Operation:	Newly opened current account
Remarks: Newly opened current account.

Auditors :
Name :	Satapathy and Company Chartered Accountants
Address :	Flat No. 11, Block-9, Metro City-II, Shastri Nagar, Nayapalli, Bhubaneswar – 751001, Orissa, India
Mobile No.:	91-9337223514
E-Mail :	suryakantasatapathy@yahoo.co.in
Sister Concerns:	M. S. Valuers and Consultants Private Limited Address: 2813 Chintamaniswar Area, Bhubaneswar – 751006, Orissa, India Line of Business: Valuation of Plant and Machinery, Design and Engineering, Project Consultancy, etc.

CAPITAL STRUCTURE

As on 31.03.2014

Capital Investment :
Owned :	Rs. 0.202 Million
Borrowed :	--
Total :	Rs. 0.202 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

Note: Sole Proprietary and Partnership concerns are exempted from filing their financials with the Government Authorities or Registry.

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2014
shareholders FUNDS
1] proprietors Capital		0.202
2] Share Application Money		0.000
3] Reserves & Surplus		0.000
4] (Accumulated Losses)		(0.185)
NETWORTH		0.017
LOAN FUNDS
1] Secured Loans		0.000
2] Unsecured Loans		0.000
TOTAL BORROWING		0.000
DEFERRED TAX LIABILITIES		0.000
TOTAL		0.017
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.000
Capital work-in-progress		0.000
INVESTMENT		0.000
DEFERRED TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000
	Sundry Debtors	0.000
	Cash & Bank Balances	0.017
	Other Current Assets	0.000
	Loans & Advances	0.000
Total Current Assets		0.017
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.000
	Other Current Liabilities	0.000
	Provisions	0.000
Total Current Liabilities		0.000
Net Current Assets		0.017
MISCELLANEOUS EXPENSES		0.000
TOTAL		0.017

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014
	SALES
		Income	0.000
		Other Income	0.000
		TOTAL	0.000
Less	EXPENSES
		Personnel Expenses	0.177
		Administrative Expenses	0.008
		TOTAL	0.185
	NET PROFIT/ (LOSS)		(0.185)

KEY RATIOS

PARTICULARS		31.03.2014
Net Profit Margin (PAT/Sales)	(%)	0.00
Return on Total Assets (PBT/Total Assets}	(%)	(1088.24)
Return on Investment (ROI) (PBT/Networth)		(10.88)
Debt Equity Ratio (Total Debt/Networth)		0.00
Current Ratio (Current Asset/Current Liability)		0.00

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	Yes
5]	Type of Business	Yes
6]	Line of Businesss	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 one year	Yes
12]	Profitability for last one year	Yes
13]	Reasons for variation <> 20%	-----
14]	Estimation for coming financial year	Yes
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	No
25]	Conduct of the banking account	Yes
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	No
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

------------------------------------------------------------------------------------------------------------------------------

ESTIMATED / PROJECTED PROFIT AND LOSS ACCOUNT

(RS. IN MILLIONS)

SR. NO.	PARTICULARS	2014-15	2015-16	2016-17
		Estimated	Projected	Projected
A.	Income
	Net Sales	31.600	120.000	150.145
B.	Expenditures
	Raw Materials	10.683	30.816	38.557
	Hiring of Equipments and Labour Charges	14.568	42.024	52.581
	Related Taxes and Direct Expenses	8.029	23.160	28.978
	Depreciation	0.094	0.080	0.368
		33.374	96.080	120.484
	Add: Opening Stock of Semi-Finished Goods	0.000	7.900	7.900
	Less: Closing Stock of Semi-Finished Goods	7.900	7.900	7.900
		25.474	96.080	120.484
C.	Cost of Production
	Add: Opening Stock of Finished Goods	0.000	0.000	0.000
	Less: Closing Stock of Finished Goods	0.000	0.000	0.000
D.	Cost of Sales	25.474	96.080	120.484
E.	Gross Profit	6.126	23.920	29.661
F.	Overheads
	Supervision/ T&P Charges	1.264	4.800	6.006
	Director Remuneration	0.000	0.000	0.000
	Office and Admn. Expenses	0.948	3.600	4.504
	Other Misc. Expenses	0.632	2.400	3.003
	Total Overhead Expenses	2.844	10.800	13.513
G.	Interest	0.300	0.910	0.767
H.	Interest to partners	0.000	0.000	0.000
I.	Interest + Overheads	3.144	11.710	14.280
J.	Profit/ (Loss)	2.982	12.210	15.381
K.	Add: Transfer From/ to Preliminary	(0.128)	(0.128)	(0.129)
L.	Net Profit/ (Loss)	2.854	12.082	15.252
M.	Income Tax @ 25%	0.714	3.021	4.576
N.	Deferred Tax (Liability)	0.000	0.000	0.000
O.	Profit After Tax	2.141	9.062	10.677
P.	Appropriations	0.000	0.000	0.000
Q.	Retained Profit	2.141	9.062	10.677
R.	Cash Accrual/ (Loss)	2.234	9.141	11.044

------------------------------------------------------------------------------------------------------------------------------

ESTIMATED / PROJECTED BALANCE SHEET

(RS. IN MILLIONS)

PARTICULARS	2014-15	2015-16	2016-17
	Estimated	Projected	Projected
A. LIABILITIES
Paid up Capital	5.203	5.203	5.203
Reserve and Surplus
Profit and Loss Account	2.141	11.202	21.879
Share Premium	0.000	0.000	0.000
Share Application Money	0.000	0.000	0.000
Deferred Tax Liability	0.000	0.000	0.000
Unsecured Loan – Family Member	1.050	1.050	1.050
Secured Deposit – Sub Contract	0.000	0.000	0.000
Secured Loan
CC LIMIT: Bank of India	6.500	6.500	3.000
Long Term Loan	--	--	1.700
Vehicle/ Equipment Loan – Other	0.000	0.000	0.000
Current Liabilities
Sundry Creditors	2.671	2.568	3.213
Deferred Labour Payment	0.911	0.876	1.095
Other liabilities	0.000	0.000	0.000
Other Provisions	0.714	3.021	4.576
	19.189	30.420	41.717
B. ASSETS
Fixed Assets
Gross Block	0.625	0.531	2.951
Less: Depreciation	0.094	0.080	0.368
Net Block	0.531	0.451	2.583
Investments	0.000	0.000	0.000
Other Current Current Assets:
Security Deposits	1.350	1.350	0.000
Withheld with Department	1.580	7.580	15.087
Current Assets:
Inventory
Raw Materials	2.671	2.568	3.213
Work-in-Progress	7.900	7.900	7.900
Finished Goods	0.000	0.000	0.000
Receivables
Less than 6 Months	3.950	5.000	6.256
Less than 6 Months	0.000	0.000	0.000
Cash and Bank Balance	0.236	2.421	2.101
Fixed Deposit	0.000	0.000	0.000
Loans and Advances
Advance Tax/ TDS	0.714	3.021	4.576
Advance to Suppliers	0.000	0.000	0.000
Other Current Assets	0.000	0.000	0.000
Miscellaneous Expenditures
Preliminary Expenses	0.257	0.129	0.000

------------------------------------------------------------------------------------------------------------------------------

ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

OPERATING STATEMENT

(RS. IN MILLIONS)

SR. NO.	PARTICULARS	2014-15	2015-16	2016-17
		Estimated	Projected	Projected
1.	Gross Sales
	i. Domestic Sales	31.600	120.000	150.145
	ii. Export Sales	0.000	0.000	0.000
	Total	31.600	120.000	150.145
2.	Less: Excise Duty	0.000	0.000	0.000
3.	Net Sales (1-2)	31.600	120.000	150.145
4.	% age rise (+) or fall (-) in net sales as compared to previous year (annualised)	NA	279.75%	25.12%
5.	Cost of Sales
i.	Raw Materials (Including stores and other items used in the process of manufacture)	10.683	30.816	38.557
	a. Imported	0.000	0.000	0.000
	b. Indigenous	10.683	30.816	38.557
ii.	Other Spares	0.000	0.000	0.000
	a. Imported	0.000	0.000	0.000
	b. Indigenous	0.000	0.000	0.000
iii.	Power and Fuel	0.000	0.000	0.000
iv.	Direct Labour (Factory Wages and Salaries)	14.568	42.024	52.581
v.	Other Manufacturing Expenses	8.029	23.160	28.978
vi.	Depreciation	0.094	0.080	0.368
vii.	Sub-Total (i to vi)	33.374	96.080	120.484
viii.	Add: Opening Stock-in-Process	0.000	7.900	7.900
	Sub-Total (vii + viii)	33.374	103.980	128.384
ix.	Deduct: Closing Stock-in-Process	7.900	7.900	7.900
x.	Cost of Production	25.474	96.080	120.484
xi.	Add: Opening Stock in Finished Goods	0.000	0.000	0.000
	Sub-total (x+xi)	25.474	96.080	120.484
xii.	Deduct: Closing Stock in Finished Goods	0.000	0.000	0.000
xiii.	Sub-Total (Total Cost of Sales)	25.474	96.080	120.484
6.	Selling, General and Administrative Expenses	2.844	10.800	13.513
7.	Sub-Total (5+6)	28.318	106.880	133.997
8.	Operating Profit before Interest (3-7)	3.282	13.120	16.148
9.	Interest	0.300	0.910	0.767
10.	Operating Profit after Interest (8-9)	2.982	12.210	15.381
11.i.	Add: Other Non-operating Income
	a. Sale of Fixed Assets	0.000	0.000	0.000
	b. Others	(0.128)	(0.128)	(0.129)
	Sub-Total (Income)	(0.128)	(0.128)	(0.129)
ii.	Deduct: Other Non-operating Expenses	0.000	0.000	0.000
	a. Miscellaneous Expenses	0.000	0.000	0.000
	b. Director Remuneration	0.000	0.000	0.000
	c. Interest to Partners	0.000	0.000	0.000
	Sub-Total (Expenses)	0.000	0.000	0.000
iii	Net of other Non-operating Income/ Expenses (Net of 11(i) & 11 (ii))	(0.128)	(0.128)	(0.129)
12.	Profit before Tax/Loss [10 + 11(iii)]	2.854	12.082	15.252
13.	a) Provision for taxes	0.714	3.021	4.576
	b) Deferred for Tax Liability (-) Assets (+)	0.000	0.000	0.000
14.	Net Profit/ Loss (12-13)	2.140	9.061	10.676
15.	a. Equity dividend paid-amount (Already paid + B.S. provision)	0.000	0.000	0.000
	b. Dividend Rate (% age)	0.00	0.00	0.00
	c. Other Appropriations	0.000	0.000	0.000
16.	Retained Profit (14-15)	2.140	9.061	10.676
17.	Retained Profit/ Net Profit (% age)	100.00%	100.00%	100.00%
	CASH ACCRUAL	2.234	9.141	11.044

------------------------------------------------------------------------------------------------------------------------------

ANALYSIS OF BALANCE SHEET

(RS. IN MILLIONS)

SR. NO.	PARTICULARS	2014-15	2015-16	2016-17
		Estimated	Projected	Projected
	LIABILITIES:
	CURRENT LIABILITIES:
1.	Short Term Borrowings From Banks (Including bill purchased/ discounted and excess borrowing placed on repayment basis)
	i) State Bank of India	0.000	0.000	0.000
	ii) Others	6.500	6.500	3.000
	iii) Of which Bill purchased of Bill Discounted	--	--	--
	Sub Total [i+ii] (A)	6.500	6.500	3.000
2.	Short Term Borrowings from Others	--	--	--
3.	Sundry Creditors (Trade)	2.673	2.569	3.214
4.	Advance Payments from Customers/ Deposits from Dealers	0.911	0.876	1.095
5.	Provision for Taxation	0.714	3.021	4.577
6.	Dividend Payable	0.000	0.000	0.000
7.	Other Statutory Liabilities (Due within 1 Year)	0.000	0.000	0.000
8.	Deposits/ Installments of Term Loans/ DPGs/ Debentures, etc. (Due within 1 Year)	0.000	0.000	0.000
9.	Other Current Liabilities and Provisions (Due within 1 year) – Specify major items	0.000	0.000	0.000
	a. Other Outstanding Liabilities Payable	0.000	0.000	0.000
	b. Other Liabilities	0.000	0.000	0.000
	Sub Total (2 TO 9) (B)	4.297	6.465	8.886
10.	Total Current Liabilities (A+B)	10.797	12.965	11.886
	TERM LIABILITIES
11.	Debentures (not maturing within 1 Year)	0.000	0.000	0.000
12.	Preference Shares (Redeemable after 1 Year)	0.000	0.000	0.000
13.	Term Loan (excluding instalments payable within 1 year)	0.000	0.000	1.700
14.	Deferred Payment Credit (Excluding instalments due within 1 Year)	0.000	0.000	0.000
15.	Term Deposits (repayable after 1 year)	0.000	0.000	0.000
16.	Other Term Liabilities	0.000	0.000	0.000
17.	Total Term Liabilities [11 to 16]	0.000	0.000	0.000
18.	Total outside Liabilities (10 + 17)	10.797	12.965	13.586
	Net Worth
19.	Ordinary Share Capital	5.203	5.203	5.203
20.	General Reserve	0.000	0.000	0.000
21.	Revaluation Reserve	0.000	0.000	0.000
22.	Other reserves (excluding provisions)	0.000	0.000	0.000
23.	Surplus(+) or deficit(-) in Profit and Loss Account	2.140	11.201	21.877
	a. Share Application Money	0.000	0.000	0.000
	b. Share Premium Account	0.000	0.000	0.000
	c. Deferred Tax Liability A/c	0.000	0.000	0.000
	d. Others	0.000	0.000	0.000
	e. Unsecured Loan (Quasi Equity)	1.050	1.050	1.050
24.	Net Worth	8.393	17.454	28.130
25.	Total Liabilities	19.190	30.419	41.716
	CURRENT ASSETS
26.	Cash and Bank Balances	0.237	2.420	2.101
27.	Investments (other than long term)	0.000	0.000	0.000
	i. Government and Other Trustee Securities	0.000	0.000	0.000
	ii. Fixed Deposits with Banks	0.000	0.000	0.000
28.	(i) Receivables other than deferred and exports (Including bills purchased/ discounted by banks)	3.950	5.000	6.256
	(ii) Export receivables (including bills purchased and discounted by bankers)	0.000	0.000	0.000
29.	Instalments of Deferred Receivables (due within 1 year)	0.000	0.000	0.000
30.	Inventory:	10.571	10.468	11.113
	i) Raw Materials (including Stores and other items used in the process of manufacture)	2.671	2.568	3.213
	a) Imported	0.000	0.000	0.000
	b) Indigenous	2.671	2.568	3.213
	ii) Stocks in Process	7.900	7.900	7.900
	iii) Finished Goods	0.000	0.000	0.000
	iv) Other Consumable Spares	0.000	0.000	0.000
	a) Imported	0.000	0.000	0.000
	b) Indigenous	0.000	0.000	0.000
31.	Advances to suppliers of raw materials and stores/ spares	0.000	0.000	0.000
32.	Advance Payment of Taxes	0.714	3.021	4.576
33.	Other Current Assets (Specify Major Items)	0.000	0.000	0.000
	a. Other Advances	0.000	0.000	0.000
34.	Total Current Assets (26 to 33)	15.472	20.909	24.046
	FIXED ASSETS
35.	Gross Block (Land and Building, Machinery, Work-in-Progress)	0.625	0.531	2.951
36.	Depreciation to date	0.094	0.080	0.368
37.	Net Block (35-36)	0.531	0.451	2.583
	OTHER NON CURRENT ASSETS
38.	Investments/ Book debts/ Advances/ Deposits which are not current assets	2.930	8.930	15.087
	i) a) Investments in Subsidiary Companies/ Affiliates	0.000	0.000	0.000
	b) Others	0.000	0.000	0.000
	ii) Advances to Suppliers of Capital Goods and Contractors	0.000	0.000	0.000
	iii) Deferred Receivables (Maturity exceeding 1 Year)	1.580	7.580	15.087
	iv) Others	1.350	1.350	0.000
	a. Security Deposit	1.350	1.350	0.000
	b. Sales Tax under Appeal	0.000	0.000	0.000
	c. Tax Deducted at Source	0.000	0.000	0.000
	d. Others	0.000	0.000	0.000
39.	Non-Consumable Stores and Spares	0.000	0.000	0.000
40.	Other Non-Current Assets including dues from Directors	--	--	--
41.	Total Other Non-Current Assets	2.930	8.930	15.087
42.	Intangible Assets (Patents, Goodwill, Preliminary Expenses, Bad/ Doubtful Debts not provided, etc.)	0.257	0.129	0.000
43.	Total Assets (Total of 34+37+41+42)	19.190	30.419	41.716
44.	Tangible Net-Worth (24-42)	8.136	17.325	28.130
45.	Net Working Capital (34-10)	4.675	7.944	12.160
46.	Current Ratio (34/10)	1.43	1.61	2.02
47.	Total Outside liabilities/ Tangible Net Worth (18/44)	1.33	0.75	0.048
48.	Total Term Liabilities/ Tangible Net Worth (17/44)	--	--	0.06
	Ratios Net of Revaluation Reserves
49.	Tangible Net Worth (24-21-42)	81.36	173.25	281.30
50.	Total Outside Liabilities/ TNW	1.33	0.75	0.48
51.	Total Term Liabilities/ TNW	0.00	0.00	0.06

------------------------------------------------------------------------------------------------------------------------------

FUNDS FLOW STATEMENT

(RS. IN MILLIONS)

SR. NO.	PARTICULARS	2014-15	2015-16
		Estimated	Projected
1	SOURCES
	[a] Net Profit (After Tax)	2.140	9.061
	[b] Depreciation	0.094	(0.014)
	[c] Increase in Capital	5.000	0.000
	[d] Increase in Term Liabilities (Including Public deposits)	0.000	0.000
	[e] Decrease in
	[i] Fixed Assets	--	0.094
	[ii] Other Non-Current Assets	--	--
	[f] Others	1.050	0.000
	TOTAL	8.284	9.141
2	USES
	[a] Net Loss	--	--
	[b] Decrease in Term Liabilities (Including Public Deposits)	0.000	0.000
	[c] Increase in
	[i] Fixed Assets	0.625	0.000
	[ii] Other Non-current Assets	3.002	5.872
	[d] Dividend Payments	0.000	0.000
	[e] Others	--	0.000
	TOTAL	3.627	5.872
3.	Long Term Surplus (+)/ Deficit (-) (1-2)	4.657	5.872
4.	Increase/ Decrease in Current Assets * (As per Details Given Below)	15.454	5.437
5.	Increase/ Decrease in Current Liabilities other than Bank Borrowings	4.297	2.168
6.	Increase/ Decrease in Working Capital Gap	11.157	3.269
7.	Net Surplus/ Deficit (-) (3 - 6)	(6.500)	0.000
8.	Increase/ Decrease in Bank Borrowings	6.500	0.000
9.	Increase/ Decrease In Net Sales	NA	88.400
	* Break up of (4)
i)	Increase/ Decrease in Raw Materials	2.671	(0.103)
ii)	Increase/ Decrease in Stock in Process	7.900	0.000
iii)	Increase/ Decrease in Finished Goods	0.000	0.000
iv)	Increase/ Decrease in Receivables
	(a) Domestic	3.950	1.050
	(b) Export	0.000	0.000
v)	Increase/ Decrease in Stores and Spares	0.000	0.000
vi)	Increase/ Decrease in Other Current Assets	0.933	4.490
	TOTAL	15.454	5.437

------------------------------------------------------------------------------------------------------------------------------

COMPARATIVE STATEMENT OF CURRENT ASSETS AND CURRENT LIABILITIES

(RS. IN MILLIONS)

SR. NO.	PARTICULARS	2014-15	2015-16
		Estimated	Projected
	A. CURRENT ASSETS
1.	Raw Materials (Including Stores and Other Items used in the Process of Manufacture)
	(a) Imported	0.000	0.000
	(Months Consumption)	--	--
	(b) Indigenous	2.671	2.568
	(Months Consumption)	3.00	1.00
2.	Other Consumables Spares (Excluding those covered in 1 Above)
	(a) Imported	0.000	0.000
	(Months Consumption)	--	--
	(b) Indigenous	0.000	0.000
	(Months Consumption)	--	--
3.	Stock in Process	7.900	7.900
	(Months Cost of Production)	3.72	0.99
4.	Finished Goods	0.000	0.000
	(Months Cost of Sales)	--	--
5.	Receivables other than Export and Deferred Receivables (Including Bills Purchased and Discounted by Banks)	3.950	5.000
	(Months Domestic Sales: Excluding Deferred Payment Sales)	1.50	0.50
6.	Export Receivables (Including Bills Purchased and Discounted)	0.000	0.000
	(Months Export Sales)	--	--
7.	Advances to the Suppliers of Raw Materials and Stores/ Spares and Consumables	0.000	0.000
8.	Other Current Assets including Cash and Bank Balances and Deferred Receivables due within One Year (Specify Major Items)
	Cash and Bank Balances	0.951	5.441
	Investments (Other than Long Term):	0.237	2.420
	i. Government and Other Trustee Securities	0.000	0.000
	ii. Fixed Deposits with Banks	0.000	0.000
	Instalments of Deferred Receivables (Due within 1 Year)	0.000	0.000
	Advance Payment of Taxes	0.714	3.021
	Other Current Assets	0.000	0.000
9.	TOTAL CURRENT ASSETS (To Agree with Item 34 in Form-III)	15.472	20.909
	B. CURRENT LIABILITIES (Other than Bank Borrowings for Working Capital)
10.	Creditors for Purchase of Raw Materials, Stores and Consumable Spares	2.673	2.569
	(Months Purchases)	4.00	1.00
11.	Advances from Customers	0.911	0.876
12.	Statutory Liabilities	0.000	0.000
13.	Other Current Liabilities	0.714	3.021
	i) Short Term Borrowings from Others	0.000	0.000
	ii) Provision for Taxation	0.714	3.021
	iii) Dividend Payable	0.000	0.000
	iv) Deposits/ Instalments of Term Loans/ DPGs/ Debentures, etc. (Due within 1 Year)	0.000	0.000
	v) Other Current Liabilities and Provisions (Due within 1 Year)	0.000	0.000
14.	TOTAL (To agree with total B of Form-III)	4.297	6.465

------------------------------------------------------------------------------------------------------------------------------

ASSESSED BANK FINANCE

(RS. IN MILLIONS)

SR. NO.	PARTICULARS	2014-15	2015-16
		Estimated	Projected
A.	1^ST METHOD OF LENDING
a.	Total Current Asset	15.472	20.909
b.	Current Liabilities (Other than bank borrowing)	4.297	6.465
c.	Working Capital Gap (a-b)	11.175	14.444
d.	Minimum stipulated Net Working Capital (25% of ‘c’)	2.794	3.611
e.	Actual/ Projects N.W.C.	4.675	7.944
f.	(c) – (d)	8.381	10.833
g.	(c-) – (e)	6.500	6.500
	MPBF (Lower of “f” and “g”)	6.500	6.500
B.	2^ND METHOD OF LENDING
	a) Total Current Asset	15.472	20.909
	b) Current Liabilities (Other than bank borrowing)	4.297	6.465
	c) Working Capital Gap (a-b)	11.175	14.444
	d) Minimum stipulated Net Working Capital (25% of ‘a’)	3.868	5.227
	e) Actual/ Projected N.W.C.	4.675	7.944
	f) (c) – (d)	7.307	9.217
	g) (c) – (e)	6.500	6.500
	MPBF (Lower of “f” and “g”)	6.500	6.500
C.	INDICATORS
	NWC/ TCA (%)	30.22%	37.99%
	Bank Finance to TCA (%)	42.01%	31.09%
	Other CL/TCA (%)	27.77%	30.92%
	Sundry Creditors/ TCA (%)	17.27%	12.29%
	Inv./ NS (Days)	122.10	31.84
	Rec./ Gross Sales (Days)	45.63	15.21
	Sundry Creditors/ Purchase (Days)	121.76	30.33
	Total Current Assets	15.472	20.909
	Current Liabilities (Other than Bank Borrowing)	4.297	6.465
	Working Capital Gap	11.175	14.444
	Net Working Capital (Actual/ Projected)	4.675	7.944
	Assessed Bank Finance (ABF)	6.500	6.500
	NWC/ TCA (%)	30.22%	37.99%
	Bank Finance to TCA (%)	42.01%	31.09%
	Other CL/ TCA (%)	27.77%	30.92%
	Sundry Creditors/ TCA (%)	17.27%	12.29%
	Inv./ NS (Days)	122.10	31.84
	Rec./ Gross Sales (Days)	45.63	15.21
	Sundry Creditors/ Purchase (Days)	121.76	30.33

------------------------------------------------------------------------------------------------------------------------------

PERFORMANCE AND FINANCIAL INDICATORS

(RS. IN MILLIONS)

PARTICULARS	2014-15	2015-16	2016-17
	Estimated	Projected	Projected
Net Sales	31.600	120.000	150.145
Operating Profit	3.282	13.120	16.148
Net Other Income	(0.128)	(0.128)	(0.129)
Profit Before Tax	2.854	12.082	15.252
PBT/ NS (%)	9.03%	10.07%	10.16%
Profit After Tax	2.140	9.061	10.676
Cash Accruals	2.234	9.141	11.044
Paid Up Capital	5.203	5.203	5.203
Tangible Net Worth	8.136	17.325	28.130
Adj TNW (Excl. Invest/ Loan in Subsidiaries)	8.136	17.325	28.130
TOL/ TNW	1.33	0.75	0.48
Total Term Liabilities/ TNW	0.00	0.00	0.06
Current Ratio	1.43	1.61	2.02
Total Tangible Assets (TTA)	18.933	30.290	41.716
EFFICIENCY RATIOS
Net Sales/ TTA (Times)	1.67	3.96	3.60
PBT/ TTA (%)	15.07	39.89	36.56
Operating Cost/ NS (%)	89.61	89.07	89.25
Bank Finance/ Current Assets (%)	42.01	31.09	12.48
Inv. + Rec./NS (Days)	168	47	42
LIQUIDITY RATIOS
Current Ratio	1.43	1.61	2.02
Acid Test Ratio	0.45	0.81	1.09
Bank Finance to WCG (%)	58.17	45.00	19.79
LEVERAGE RATIOS
Debt: Equity Ratio	0.00	0.00	0.06
TOL/ TNW	1.33	0.75	0.48
Debt: Assets Ratio	0.00	0.00	0.04
Fixed Assets Coverage Ratio	0.00	0.00	0.66
Interest Coverage Ratio	10.83	14.36	21.36
TURNOVER RATIOS
Inventory Turnover Period (Days)	122	32	27
Average Collection Period (Days)	46	15	15
Total Assets Turnover (Times)	1.67	3.96	3.60
Average Credit Period (Days)	122	30	31
Bank Finance/ Turnover	4.86	18.46	50.05
Current Assets/ Turnover	2.04	5.74	6.24
PROFITABILITY RATIOS
Net Profit Margin (%)	6.77	7.55	7.11
Net Income: Assets Ratio (%)	11.30	29.91	25.59
Return on Investment (ROCE) (%)17.15	17.15	43.16	39.28
Return on Equity (%)	41.13	174.15	205.19
Operating Profitability (%)	10.39	10.93	10.75
Pre-Tax Profitability (%)	9.03	10.07	10.16
PBT/ TTA (%)	15.07	39.89	36.56
STRUCTURAL RATIOS
Retained Profit (%)	100.00	100.00	100.00
Raw Material Content (%)	41.94	32.07	32.00
OC/ Sales (%)	89.61	89.07	89.25

------------------------------------------------------------------------------------------------------------------------------

NETWORTH STATEMENT

MR. MADHUSUDAN DAS

(RS. IN MILLIONS)

DETAILS OF ASSETS

IMMOVABLE PROPERTY

ASSETS	OWN/ JOINT NAME	AREA (Acre)	FREEHOLD OR LEASEHOLD	LOCATION/ ADDRESS	PURCHASE COST	PRESENT VALUE	WHETHER ENCUMBERED
Non Agricultural Land
i) Residential	Own	0,060	Freehold	Badahat, Kendrapura, Orissa, India	--	0.500	No
Flat/ House
Agricultural Land	Own	1,5	Freehold	Asureswar, Orissa, India	--	0.300	No

MOVABLE PROPERTY

INSURANCE POLICIES

NAME OF COMPANY AND BRANCH	POLICY NO.	DATE OF ISSUE	SUM ASSURED	SURRENDER VALUE	ANNUAL PREMIUM	PREMIUM PAID UPTO WHAT PERIOD
ICICI Prudential	17110199	25.10.2012	0.500	--	0.050	Year 2012-13
ICICI Prudential	16492817	20.03.2012	1.000	--	0.100	Year 2011-12
ICICI Prudential	17110227	31.10.2012	0.500	--	0.050	Year 2012-13

SHARES/ DEBENTURES/ MUTUAL FUND, ETC.

NAME OF COMPANY	NO. OF SHARES	CERTIFICATE NO./ A/C NO./ DEMT ACCOUNT NO.	SCHEME	WHETHER FULLY PAID (YES/ NO)	CURRENT MARKET VALUE (RS.)
Hindustan Lever	1450	--	--	--	1.000

VEHICLES

TYPE OF VEHICLE	REGISTRATION NO.	MODEL	YEAR OF MAKE	COST AT THE TIME OF PURCHASE	RC BOOK DETAILS	PRESENT VALUE
Car	0R02AR1424	Palio	2007	0.500	CN -7847E8067206 EN - 3891867	0.200
Car	0R02B71424	ETIOS	2012	0.645	EN – IND1262690	0.441

OTHER INVESTMENTS/ ASSETS

NAME OF FIRM/ COMPANY	Amount
Rainbow Enterprises	0.400

DETAILS LIABILITIES

AS BORROWER

BORROWED FROM	PURPOSE OF LOAN	AMOUNT OF LOAN	SECURITY	REPAYMENT	OUTSTANDING BALANCE
UBI, Sahind Nagar	Vehicle Loan	0.500	--	EMI	0.350

LEGAL HEIRS/ FAMILY PARTICULARS

SR. NO.	NAME	OCCUPATION	RELATION	AGE	MARTIAL STATUS	ADDRESS
i.	Meera Das	House Wife	Wife	63 Years	Married	2813, Chintamaniswar Area, P.S. - Laxmi Sagar, Bhubaneswar – 751006, Orissa, India
ii	Sanujit Das	Business	Son	39 Years	Married	2813, Chintamaniswar Area, P.S. - Laxmi Sagar, Bhubaneswar – 751006, Orissa, India
iii	Sanjit Das	Servicing as Doctor in UK	Son	43 Years	Married	26, Dodham Crescent, Yeovil, UK

------------------------------------------------------------------------------------------------------------------------------

NETWORTH STATEMENT

MR. SANUJIT DAS

(RS. IN MILLIONS)

DETAILS OF ASSETS

MOVABLE PROPERTY

INSURANCE POLICIES

NAME OF COMPANY AND BRANCH	POLICY NO.	DATE OF ISSUE	SUM ASSURED	SURRENDER VALUE	ANNUAL PREMIUM	PREMIUM PAID UPTO WHAT PERIOD
ICICI Prudential	17066341	13.10.2012	0.350	--	0.050	Year 2012-13
ICICI Prudential	17066351	13.10.2012	0.350	--	0.050	Year 2012-13

JEWELLARY

ITEMS	QUANTITY	VALUATION (APPROX.)	DETAILS OF ‘SHRIDHAN’, IF ANY
Gold	--	0.400	--

CAPITAL INVESTED IN BUSINESS

NAME OF FIRM/ COMPANY	AMOUNT
Rainbow Enterprises	1.475

LEGAL HEIRS/ FAMILY PARTICULARS

SR. NO.	NAME	OCCUPATION	RELATION	AGE	MARTIAL STATUS	ADDRESS
i.	Rajali Das	House Wife	Wife	36 Years	Married	2813, Chintamaniswar Area, P.S. - Laxmi Sagar, Bhubaneswar – 751006, Orissa, India

------------------------------------------------------------------------------------------------------------------------------

NETWORTH STATEMENT

MR. MEERA DAS

(RS. IN MILLIONS)

DETAILS OF ASSETS

IMMOVABLE PROPERTY

ASSETS	OWN/ JOINT NAME	AREA (Acre)	FREEHOLD OR LEASEHOLD	LOCATION/ ADDRESS	PURCHASE COST AND CONSTRUCTION COST	PRESENT VALUE	WHETHER ENCUMBERED
Non Agricultural Land
i) Residential	Own	0,092	Freehold	2813, Chintamaniswar Area, P.S. - Laxmi Sagar, Bhubaneswar – 751006, Orissa, India	3.000	25.000	No
Flat/ House
Agricultural Land	Own	0,505	Freehold	Daruthenga, Junagarh, Bhubaneswar, Orissa, India	0.050	4.000	No

MOVABLE PROPERTY

INSURANCE POLICIES

NAME OF COMPANY AND BRANCH	POLICY NO.	DATE OF ISSUE	SUM ASSURED	SURRENDER VALUE	ANNUAL PREMIUM	PREMIUM PAID UPTO WHAT PERIOD
ICICI Prudential	17166893	24.11.2012	0.700	--	0.100	Year 2012-13
ICICI Prudential	16523726	30.03.2012	0.700	--	0.100	Year 2011-12

JEWELLARY

ITEMS	QUANTITY	VALUATION (APPROX.)	DETAILS OF ‘SHRIDHAN’, IF ANY
Gold	200 gm	0.500	--

LEGAL HEIRS/ FAMILY PARTICULARS

SR. NO.	NAME	OCCUPATION	RELATION	AGE	MARTIAL STATUS	ADDRESS
i.	Madhusudan Das	Service	Husband	68 Years	Married	2813, Chintamaniswar Area, P.S. - Laxmi Sagar, Bhubaneswar – 751006, Orissa, India
ii	Sanujit Das	Business	Son	39 Years	Married	2813, Chintamaniswar Area, P.S. - Laxmi Sagar, Bhubaneswar – 751006, Orissa, India

------------------------------------------------------------------------------------------------------------------------------

PROJECT REPORT

THE COMPANY

Subject, a sister concern of MS Valuers and Consultants Private Limited. A state level infrastructural planning and structural designing company committed to improve the Infrastructure of India by partnering with Government and Private Sector. The company has decided to diversify its business into infrastructure sector and undertake engineering works of unrestricted value with most of the Government departments, public and private sector organizations with a sole motto to provide time bound qualitative service to its clients. Infrastructure is decidingly the most visible and important form of development of a nation. India grows ‘by leaps and bounds, so does the demand for infrastructure. Construction industry is the second largest contributor to the national economy, providing employment opportunities to millions. In such a scenario, they believe that they are the right people to dedicate their small contribution for nations progress.

MISSION

Subject mission is to identify growth-oriented infrastructure projects and implement them on a timely basis through strategic associations with experienced entities, thereby generating mutual growth. The development of infrastructure projects typically requires an ability to sustain long development periods, and Rainbow has the ability to bear the initial risks associated with such projects. For each project, SKILL develops the project concept and bears the initial risks. SKILL then leads the development of each projects through the growth stages, be it design and engineering.

1. MS VALUERS AND CONSULTANTS PRIVATE LIMITED

Is one of the sister concerns of Subject, which is working in the field of concrete and steel structural designing, project operational/ execution planning field.

2. PEDC PRIVATE LIMITED

This unit is operation as an EPC contractor, engaged in the field of construction of Industrial plans civil and mechanical field with an annual turnover of 500 Lacks over last three years. The CEO of Subject has been a promoters director of this company and has recently (2014-15) withdrawn himself from active Directorship of PEDC Private Limited to strengthen this new company.

MANAGEMENT

The company constituted by people having more than 30 years of experience in the field of Civil/ Mechanical Construction work. Subject firmly believe that the greatest asset is their Employees. Upholding the professionalism the competent persons get properly delegated and responsibility fixing up. The company is supported and guided by the experienced and competent group of resourceful persons.

Er. Madhusudan Das, B. Sc. Engineering (Mech.) from REC, Rourkela 1968, PG in (Design and Production) REC, Durgapur, 1975 is the CEO and in direct co-ordination with work sites.

An eminent engineer of the state after graduating from REC Rourkela (Now NIT) joined as GT in Mining and Allied Machinery Corporation Limited, a government of India undertaking manufacturing underground Coal mining machinery and equipment’s for material handling in Steel Plants, Power Plants and Sea Port. He was with MAMC for nearly 20 Years and worked in different areas as detailed below. Hed did his PG from REC Durgapur (Now NIT) IN Mechanical Engg.

1) Worked as a Designer of production devices i.e., Jigs and Fixtures, Tools and Gauges, for batch production, inspection, for machining, welding, cold and Hot working operation of metals.

2) Worked as a Process planning Engineer, Scrutinizing manufacturing drawings of equipments and deciding machines and accessories to be used for manufacturing, assembly and testing of machines under production. Developed tooling for site machining of big structures of Stackers and Re-Claimers, which are to be fabricated in parts and assembled at site.

3) Worked as Industrial Engineer for implementing Incentive Scheme on Shop Floor, estimating production time and cost for individual components for three machine shops and was solving all technological problems of those shops as far as production is concerned.

4) He attended a 6 Month in-plant training in reputed plants in USSR in the area of design and production of Hydraulic Motors for underground coal mining equipments and also in design of semiautomatic production line for manufacturing parts.

5) Had successfully developed a process and tooling for manufacture of long cylinders (L/D=10) used in Hydraulic props using Internal Burnishing in Center Lathe.

6) Developed new products like Heavy duty Apron Feeder, Vibrating Screens, Electric Locomotives for underground Mines, SDLs, Powered Roof Supports for Long wall mining in Coal Mines. Stackers and Bucket Wheel Re-claimers, Ship Loaders during 70s.

7) Later during the tenure as shop manager in heavy machine shop, developed Tunneling Equipments, Mine Winders, Roll Crushers etc for domestic and export market.

8) Worked as planning manager handling planning and scheduling for all five machine shops in respect of their monthly production and budgeted annual production.

9) Being nominated by Govt. of lndia, attended a management training program for 4 month in Leeds University UK. Engineers and Administrative officers from lndia and few other countries attended the program

10) Worked as in-charge of almost all Machine shops, Tool Room, Heat treatment Shop in MAMC, then employing around 10000 employees in shops and Projects site and taking up Raw material handling systems in Steel plants, Port mechanization, Establishing Long wall mining , mine Ventilation in Underground Coal mines. Left MAMC Ltd during May1989 and Joined Orissa Mining Corporation Limited.

1989-2004

11) During his working span of 16 years in OMC corporate office as head of Material Management Department, he was extensively utilized for project implementation from concept to commissioning, maintenance, reconditioning of major machineries in Daitari lron Ore handling Plant and i.e,800TPH Gyratory Crusher, 1200TPH Apron Feeder, Double Roll Crusher, 30 meter Thickner, Reconditioning of D-8 Dozer, 6" Blast hole Drill,

Process water pumping System and major Structural repair of the 30 year old Washing Plant at Daitari.

12) Designed and commissioned Dry screening unit at Daitari and modified the then existing plant of OMC to change the product from (-) 100mm to (-) 40mm as per the market demand. One 100TPH Crushing plant for lron Ore handling was also commissioned in Barbil Zone of OMC

13) Commissioned the 1^st Chrome Ore Beneficiation Plant (COBP) of OMC during 1995 and completed beneficiation study for a second plant during 2002 to use low grade ore from different mine, which OMC Limited is now constructing. The plant under his direct supervision from corporate office attained 100% capacity utilization in two years time and improved its capacity to 150% of installed capacity with modification of beneficiation circuit.

14) He was instrumental in designing and implementing the first underground Chromite mining setup for OMC at Bangur. Necessary equipments, ventilation system including a Direct Haulage was installed and a floating dewatering system was introduced. Retired from OMC during Nov2004.

FROM 2006-2010

From 2006-2010, he joined lnnosat Projects Private Limited, a joint venture company with 50% ownership of M/s lnnovatherm A.G having expertise in heating and control of Baking furnaces in Aluminium Swelters and other Electrode manufacturing lndustries. I worked as Director Projects and was in complete charge of functioning of the company (excluding finance).

FOLLOWING PROJECTS WERE EXECUTED BY ER. DAS:

1. Supply, installation and commissioning of Bath Cleaning plant for Nalco Smelter in Angul. The project comprised of selection of suppliers for equipments, (like Bath cleaning machines, Conveyors, Their head conveyors for handling electrodes Bag filter unit Chimney, lD Fan, etc.). The project cost for his company was around 600 lakhs.

2. Along with their German Collaborator and partner in lndia, they negotiated and bagged the order for furnace heating and control system for 6 nos. of baking furnace in Vedanta Aluminium Smelter plant at Jharsuguda. The project cost was 54 crores of which the order value for his organization was 18 crore. The work for them included, manufacturing installation and commissioning of the heating and control system in six baking furnaces using the imported components which was in their collaborators scope of supply.

Left lnnosat Projects in April 2010 and for a brief period of 3 months. He was with Empower Trans Private Limited Executing 200KV transmission on line for Vedanta, Jharsuguda. Before I executed through his own organization PEDC Private Limited (3 Promoter Directors) from July 2010.

3. Under his guidance the company have executed the following work :

a. Construction of new COB Plant for OMC under MBECMT (lndia) Private Limited A subsidiary of McNally Bharat Engineering Value-10 crore appx

b. Fabrication and Erection of Silo Loading System at Bharatpur Mines of CIL under McNally Bharat Engineering Ltd. Value-2.2 crores.

c. Renovation work of city office of Hindustan Coca-Cola lndia (P) value-40 lakhs.

Er. BISWAJIT PATTANAIK. B E Civil, A M I E (lndia)

General Manager (Civil) has around 29 years of experience in various civil works. He has executed as well as associated with many civil works while working as an Asst. Engineer in Woks Department, Govt. of Odisha for a period of 13 years and for various organizations for remaining period. He has executed roads, drains, box and pipe culverts, institutional and industrial building structures, Machine foundations, Log pond with spillover etc. while working for Odisha Forest Development Corporation. Executed the civil work of Trestle foundation of Conveyer-6 & 7, N J T, Emergency Hopper, pipe rack, cable rack etc. of Utkal Alumina Limited in the district of Rayagada, odisha. civil foundation work of JNT-4, BCN-7 A/B, B B N - 13A/B, coal runoff pit(part), Trestle foundation of Conveyer-3 & 4, N J T-3 & 4, Transformer foundation of T R-1 & T R-2 at JITPL, Kaniha in the Dist of Angul, Odisha. Presently he is available for work as per requirement.

ER. PARITOSH PATI . DIPLOMA (MECH.)

Mr. Paritosh Pati is a young engineer with ample experience in Civil Engineering field and various projects. He is currently engaged at site for direct supervision and solving all technical issues.

MR. PARTHA PRATIM GHOSH

Mr. P.P.Ghosh is a commerce graduate and having long experience in accounting and project management. He is working in their Kanupur Main Canal project as Site lncharge.

MR. SANIIB PATTNAIK. BSC. MBA

Mr. Sanjib Pattanaik , a management expert with long experience in project and maintenance management in mining of lron Ore. He is also having marketing experience of Asbestos Sheet used in construction.

DR. ASHUTOSH PARIDA. BSC. ENGG (MECH.). PHQ FROM LLT KHARAQPUR

Dr. Parida has reputation as a Scientist and Designer and worked his entire professional period in RRL, Bhubaneswar. He has wide experience in design and system development in mechanical engineering field. His services is available to Subject as and when required.

MR. SANUIIT DAS

Mr. Sanujit Das, the proprietor of Subject is a Commerce Graduate and did his MBA from Pune University. He joined lndia Seam less company in Pune, Manufacturing Seamless pipes. After a brief span of service there, he changed to M/S lndiana Conveyors, also a Pune based company manufacturing material handling equipments to look after the projects being executed in Odisha. Subsequently he joined ClTl Bank in marketing, but due to health problem had to leave service all together. After a long span of treatment for "Multiple Sclerosis"a neurological disease, he is fully cure now and starting this new venture.

THEIR OTHER ACTIVITIES

ln addition to supply (Trading) spares for material handling system and equipments. Subject has started executing civil projects involving Earth work and civil construction.

The company has authorization to market, conveyor belt of M/s Nilkantha Belting Limited, Punjab and marketing of Belt conveyors of lndiana Conveyors and lagged with thrie Kolkata Regional Office.

The company has registered with OPTCL, Odisha for supply of mechanical items and pursuing registration with OCC Limited for mechanical work of gates including their repair, erection and commissioning.

------------------------------------------------------------------------------------------------------------------------------

VALUATION REPORT

GENERAL DETAILS

Name of the Branch

BOI, Midcorporate Branch, Bhubanewar, District: Khurda, Orissa, India

Branch Letter No. and Date requesting for undertaking valuation

On telephonic request on dated 28.11.2014

Valuation whether Fresh/ Revaluation/ Periodic Valuation

Fresh Valuation

Date of Visit to the Property

28.11.2014

Date as on which valuation is made

29.11.2014

List of Documents produced for verification

Xerox Copy of (i) Sale Deed vide No. 2240 on dated 16.04.1975, (ii) Patta

Name of the Borrower/ Borrower Account with Address, Telephone/ Mobile Nos. and Nature of Business

Mrs. Meera Das W/o Madhusan Das, At: Plot No. 1935/2813, Near Chintamaniswar Temple

Details of Property

The said Property in Mz. Bhubaneswar Sahar Unit No. 30, Laxmisagar-1, PS: Newcapital, TS: Bhubaneswar, District: Khurda, Odisha over Khata No. 1104, Plot No. 1935/ 2813, Area A0.092 dec i.e. 4007.52 sft, Kissm, Gharabari-II

Details of property offered as Security

Land and Building as mentioned above

Area of Land/ Dimensions

Area A0.092 dec i.e. 4007.52 Sq.ft.

Area of Land (As per ROR)

Area A0.092 dec i.e. 4007.52 Sq.ft.

Location of the property and Postal Address

The said Property is situated Near Sahar Unit No. 30, Laxmisagar-1, PS: New Capital, TS: Bhubaneswar, Dist: Khurda, Orissa, India

Urban / Semi-Urban/ Rural

Urban Area

Whether the property is situated in Residential/ Mixed/ Industrial Area?

Residential Area

Classification of Locality – i.e. Kind of people staying (High/ Middle/ Poor Class)

Middle Class Locality

Type of the Property

Land and Building (Above the Discussed Plot)

Title of the Property-Freehold/ Leasehold

Freehold

Name of the lessor/ lessee, nature of lease, date of commencement and termination of lease and terms of renewal of lease

NA

Initial Premium

NA

Ground rent payable per annum

NA

Unearned increase payable to the event of sale or transfer

NA

Ownership of the Property

Single Ownership as per ROR

Holding Taxes paid up to

Up to date Document are not Produced

Land Revenue

Up to date Document are not Produced

Land/ Building Municipal Taxes

Up to date Document are not Produced

Wealth Tax Assessed/ Paid, if any

Up to date Document are not Produced

Portions in their Occupation

Up to date Document are not Produced

Brief Description of the property

The said Property in Mz Bhubaneswar Sahar Unit No. 30, Laxmisagar-1, PS: Newcapital, TS: Bhubaneswar, District: Khurda, Odisha over Khata No. 1104, Plot No. 1935/ 2813, Area A0.092 dec i.e. 4007.52 sft, Kissm, Gharabari II

Address of the property in details

The said Property in Mz Bhubaneswar Sahar Unit No. 30, Laxmisagar-1, PS: Newcapital, TS: Bhubaneswar, District: Khurda, Odisha over Khata No. 1104, Plot No. 1935/ 2813, Area A0.092 dec i.e. 4007.52 sft, Kissm, Gharabari II

Tehsil/ SRO

Bhubaneswar

Police Station (P.S.)

New Capital

District

Khurda

State

Orissa

Dimensions of the site as per measurement

--

Boundaries of the property as per document

(Plot No. 1935/ 2813)

East – Road

West – Road

North – Mr. Mohanty

South – Government Plot

Extent of site considered for valuation purpose

Area A0.092 dec i.e. 4007.52 Sq.ft.

Characteristics of the site

Leveled and Developed Plot

Level of land topographical conditions

Plain Leveled Land

Use to which it can be put

Residential Purpose

Approval Letter No. and Date of development agencies/ municipality, etc. authorizing construction

Vide Letter No. – 2798/BP/ BDA, BBSR on dated 04.04.1992 constructed by G + 1 storied building whose Ground Floor approved Plinth Area is 1394.00 Sq.ft. First Floor Plinth Area is 1207.00 Sq.ft. and Portico plinth area-128.00 Sft.

Whether building use certificate from the Dev. Authorities/ Municipality, etc. has been obtained

Yes, Obtained from BDA

Does the land fall in an area included in any town planning scheme or any development plan of government or any statutory body? If so, give particulars

It is coming under BMC Area limit and BDA Scheme

Corner or Intermittent plot

Intermittent Plot

Means and Proximity to surface communication by which the locality is served

It has a 20’-0” wide C.C Road approach from NH-203

Road (Kind of road and width)

20 ft wide CC Road

Water Potentiality

Good

Underground sewerage system availability

Yes through BMC

Drainage System available

Yes through BMC

Is power supply available in the site?

Yes through CESCO

School

The said facilities/ Institution are

College

Hospital

Market

Bus Stand

Railway Station

Locational Advantages

The said property is good residential value

Are there any agreements of easements? If so attach copies

No such agreement document is found

Has any contribution is made towards development or is any contribution been made towards development or is any demand for such contribution still outstanding

No such agreement document is found

Has the whole or part of land been notified for acquisition by Government or any statutory body? Give date of the notification

Free from all that criteria

Furnish technical details of the building on a separate sheet

As per technical details

i) Is the Building owner occupied/ tenanted/ both?

ii) If Partly owner-occupied, specify portion and extent of area under owner-occupation

The building is occupied by the owner

Full portion is owner occupied

What is the floor Space Index permissible and percentage actually utilized?

Total Floor Area/ Plot Area i.e. 0.68%

Area any of the occupants related to or close business associates of the owner?

No

Is separate amount being covered for the use of fixtures like fans, geysers, refrigerators, cooking, ganges, built in wardrobes, etc. or for service charges? Is so give details

NA

Give details of water and electricity charges if any, to be borne by the owner

No, such document produced

Has the tenant to bear the whole or part of the cost of repairs and maintenance? Give Particulars

All maintenance is borne by owner with his own cost

If a lift is installed who is to bear the cost of the maintenance and operation owner or tenant?

No Lift is installed

If a pump is installed who is to bear the cost of the maintenance and operation owner or tenant?

1 HP pump is installed through owner

Who has to bear the cost of electricity charges for lighting of common space like entrance hall, stairs, passages, compound, etc. – owner or tenant?

All charges are borne by owner

What is the amount of property tax? Who is the Bear it? Give details with documentary Proof.

Up to date document not produced

Is the building insured? If so, give the policy No. amount for which it is insured and annual premium

No Insurance copy Verified

Is any dispute between landlord and tenant regarding rent pending in a court of law?

NA

Has any standard rent been fixed for the premises under any law relating to the control of rent

No such information collected

Give instances of sales of immovable property in the locality on a separate sheet, indicating the name and address of the property, registration No. Sale Price and area of land sold. If sale instances are not available or not relied upon, the basis of arriving at the land rate

The sale date of such type of immovable property in that locality is not available at SRO nearby

Prevailing Government Rate

SRO benchmark rate in that locality is Rs. 1607/- per sft.

Prevailing Land Rate

As per their Local Inquiry data collected from welling seller that the market rate prevails for this type of plot in similar location is Rs. 3500/- to Rs. 4000/- per sft

Land rate adopted in the valuation

Rs. 3500/- per sft

If sale instances are not available or not relied upon, the basis of arriving at the land rate

The datas gathered from local Builder and Developers

Year of commencement of construction and year of completion

G.F. Constructed in 1996 & F.F. Constructed in 2009

What was the method of construction by contract/ by employing labour/ directly both?

By Employing Labour

For items of work done on contract, produced copies of agreements

No work done by contract

For items of work done by engaging materials and labour supported by documentary proof

No document with owner

OTHER ISSUES/ POINTS

Has the whole or part of land been notified for acquisition by Gov. or any statutory body? If yes date of notification

No such information collected

Has any contribution been made towards development or is any demand for such contribution still outstanding

Nothing Else

Whether covered under any State/ Central Government enactments (E.g. Urban Land Ceiling Act) or notified under agency area / Scheduled area

No

VALUATION OF LAND

Total Area of Land	AC 0.092 dec 4007.52 Sq.ft.
The Government Value is	Rs. 1607.00 per sft
Prevailing Market Rate (Sft Rate)	Rs. 3500.00 to Rs. 4,000.00 per sft
Adopted Land Rate of Valuation	Rs. 3500.00 per sft
Total Valuation of the land	Rs. 14.026 Millions
Distress Value	Rs. 12.624 Millions
Government Value	Rs. 6.440 Millions

TECHNICAL DETAILS

The said building is approved under BDA vidwe letter No-2798/BP/BDA, Bhubaneswar on dated 04.04.1992 for construction of G+1 storied building which is used for residential purpose over Plot No. 1935/2813 in Mz: Laxmisagar-1, Land Area A0.092 dec i.e. 4007.52 Sq. ft. and its approved Ground Floor Area 1394.00 Sq. ft., Portico 128.00 Sq. ft., First Floor Area 1207.00 Sq. ft.

Year of Construction

The G.F. RCC building is constructed in year 1996, FF in-2009

Type of Foundation

RCC Frame Structure

Type of Construction

RCC Fram Structure

Superstructure

Brick Masonary

Type of Building (Residential/ Commercial)

Residential Building

Nos. of Floors

G+1 RCC Roof

Type of Roof

RCC Roof

Roof Height

10’-6”

Type of Flooring

Marble Flooring in G.F. and Verified Tile Flooring in F.F.

Type of Joineries (Door/ Windows)

Sal wood Choukath and Non Salwood Shutter in Door and Window

Amenities/ Extra Fittings

Wall tile in Toilet and Kitchen

Condition of the Building

Good

Spl. Furnishes; if any

No Extra

Quality of Construction

Good

Appearance of the Building

Good

Maintenance of the Building

By Owner

Adopted Depreciation Percentage

1.5% p.a. per year for RCC Roof

Plinth Area of the Building

GF Plinth Area: 1394.00 Sft, First Floor Plinth Area 1207.00 Sq. ft. Portico – 128.00 Sq. ft.

Residual life of the building

42 Years

VALUATION OF BUILDING (BY PLINTH AREA METHOD)

GROUND FLOOR

GF RCC Roof building whose BDA approved plinth area 1394.00 sft column foundation, Brick masonary wall, Marble flooring, Colour washing over cement Plastering, Salwood Choukath and Non salwood Shutter in door and Window which is used as Rainbow Enterprises Office

FIRST FLOOR

FF RCC Roof building whose BDA approved plinth area 1207.00 sft which is Brick masonary wall, Verified Tile Flooring, Colour washing over cement Plastering, Salwood Choukath and Non salwood Shutter in door and Window. Which is used for Residential purpose.

PORTICO

Portico having plinth area 128.00 Sft (approved by BDA)

SR. NO.	PARTICULARS OF ITEMS	PLINTH AREA OF SFT.	ROOF HEIGHT	AGE OF THE BUILDING IN YEARS	ESTIMATED REPLACEMENT OF CONSTRUCTION RATE	REPLACEMENT COST	DEPRECIATION AT 1.5% P.A.	NET VALUE AFTER DEPRECIATION
1.	G.F. RCC Roof	1394	10’-6”	18	Rs. 1200.00	1.673	0.452	1.221
2.	Portico	128	10’-6”	18	Rs. 700.00	0.089	0.024	0.065
3.	F.F. RCC Roof	1361	10’-6”	5	Rs. 1100.00	1.497	0.112	1.385
Total								2.671

EXTRA ITEMS AND SERVICES

SL. NO.	DESCRIPTION	AMOUNT
1.	Iron Grill Gate	0.015
2.	Septic Tank	0.000
3.	Overhead Water Tank	0.000
4.	Ornamental Front Door	0.000
5.	Interior Decorations	0.000
6.	Paneling Works	0.000
7.	Water Supply and Bore Well	0.000
8.	Compound Wall (Frontage 5 ft. ht.)	0.100
9.	E.C. Deposits	0.000
Total		0.115
	ABSTRACTS
	Land	14.026
	Building (Civil Construction with fitting)	2.671
	Extra items and Services	0.115
	Total	16.812
	Value on sale in a forcible situation/ Distressed condition usually face sizeable bargain and considered to be nearly 10.00% less than the market value on fair approximation, which can be treated as the realizable value at any point of time	15.131

THE TOTAL GOVERNMENT VALUE OF THE PROPERTY

1. The Government value of land	6.440
2. The Government value of building (85%)	2.271
3. The Government value of extra items (75%)	0.086
Total	8.797

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 records 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 records 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.63.45
UK Pound	1	Rs.98.88
Euro	1	Rs.77.62

INFORMATION DETAILS

Information Gathered by :	SVA
Analysis Done by :	RAS
Report Prepared by :	MRI

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	NO
--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		26

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.