MIRA INFORM REPORT

Report Date :

29.12.2014

IDENTIFICATION DETAILS

Name :	REAL ISPAT AND POWER LIMITED (w.e.f. 06.05.2005)

Formerly known as :	REAL ISPAT LIMITED

Registered Office :	Village Borjhara, Urla-Bendri Road, P.O. Urla, Raipur – 493 221, Chhattisgarh

Country :	India

Financials (as on) :	31.03.2013

Date of Incorporation :	04.10.1999

Com. Reg. No.:	10-013773

Capital Investment / Paid-up Capital :	Rs.297.070 Millions

CIN No.: [Company Identification No.]	U27107CT1999PLC013773

IEC No.:	Not Available

TAN No.: [Tax Deduction & Collection Account No.]	BPLR02000F

PAN No.: [Permanent Account No.]	AABCR9986L

Legal Form :	A Closely Held Public Limited Liability Company

Line of Business :	Manufacturer, Exporter and Importer of Sponge Iron, Billets, MS Ingots and Structural Steel.

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 4800000

Status :	Satisfactory

Payment Behaviour :	Usually correct

Litigation :	Clear

Comments :	Subject is an established company having satisfactory track record. As per registrar of companies the date of balance sheet (i.e. financial filed) is shown as 31.03.2014 but the documents related to financial are not available for any source. As per available financial of 2013, general financial position of the company seems to be sound and healthy. Liquidity position of the company is fair. Trade relations are fair. Business is active. Payment terms are reported to be usually correct. The company can be considered for business dealings at usual trade terms and condition.

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

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

EXTERNAL AGENCY RATING

Rating Agency Name	ICRA
Rating	Term Loan (Suspended)
Rating Explanation	Moderate degree of safety and moderate credit risk.
Date	April 2014

Rating Agency Name	ICRA
Rating	Non Fund Based Limits = A3+ (Suspended)
Rating Explanation	Moderate degree of safety and very high credit risk.
Date	April 2014

Reason for Suspension: Absence of adequate information.

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 D BY

Name :	Mr. Vinay Jain
Designation :	Finance Head
Contact No.:	91-771-6541001
Date :	27.12.2014

LOCATIONS

Registered Office/ Factory 1 :	Village Borjhara, Urla-Bendri Road, P.O. Urla, Raipur – 493 221, Chhattisgarh, India
Tel. No.:	91-771-6541001-5
Fax No.:	91-771-4224009
E-Mail :	Sales and Marketing Division - steel@gktmt.com HRD - hr@gktmt.com company_corporate@yahoo.com real@realispat.com
Website :	http://www.gktmt.com

Corporate Office :	"Vrindavan", Near IDBI Bank, Civil Line, Raipur – 492 001, Chhattisgarh, India
Tel. No.:	91-771-4224000
Fax No.:	91-771-4224010/ 2445510
E-Mail :	real@realispat.com
Website :	www.realispat.com

Factory 2 :	315-321, Urla Industrial Area, Raipur – 493 221, Chhattisgarh, India
Tel. No.:	91-771-3051000
Fax No.:	91-771-3051010
E-Mail :	steel@gktmt.com

Factory 3 :	Khamhardih (Rambode), Block-Patharia, District Bilaspur, Chhattisgarh, India
Tel. No.:	91-7752-646005/ 6
Fax No.:	91-7752-217376
E-Mail :	nripl@yahoo.co.in

Factory 4 :	Village Bharatpur, Tahasil Bhatapara, District Raipur, Chhattisgarh, India

DIRECTORS

As on 30.09.2014

Name :

Mr. Umesh Tarachand Agrawal

Designation :

Director

Address :

Opposite Telephone Exchange, Civil Lines, Raipur – 492 001, Chhattisgarh, India

Date of Birth/Age :

20.01.1964

PAN No.:

ACIPA6181G

Qualification :

B.Sc., LLB

Date of Appointment :

02.04.2012

Din No.:

00017300

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	U27107CT1999PLC013773	REAL ISPAT AND POWER LIMITED	Director	02/04/2012	04/10/1999	-	Active	NO
2	U27102CT2002PTC015318	R.K.SPONGE PRIVATE LIMITED	Director	01/10/2002	01/10/2002	-	Active	NO
3	U27106CT1999PTC013793	GAURAV KRISHNA ISPAT (INDIA) PRIVATE LIMITED	Director	28/10/2002	28/10/2002	-	Amalgamated	NO
4	U27109CT2003PTC016092	AJAY STEELS PRIVATE LIMITED	Director	10/09/2012	01/04/2005	-	Active	NO
5	U01010CT2005PTC017876	C.G. SPONGE MANUFACTURERS CONSORTIUM COAL FIELDS PRIVATE LIMITED	Director	31/12/2007	31/12/2007	30/12/2010	Active	NO
6	U25203MH2007NPL171991	THERMEX REBAR MANUFACTURERS' ASSOCIATION	Director	13/12/2008	23/05/2008	18/09/2010	Active	NO
7	U70100CT2010PTC021896	REAL INFRAVENTURE PRIVATE LIMITED	Director	07/06/2010	07/06/2010	-	Active	NO

Name :

Mr. Shiv Kumar Agrawal

Designation :

Whole Time Director

Address :

C/14A, Sector-02, Devendra Nagar, Raipur – 492 001, Chhattisgarh, India

Date of Birth/Age :

27.08.1973

PAN No.:

AFHPA9574M

Qualification :

BE (Elc.) PGDC, EA, BDE

Date of Appointment :

01.04.2013

Din No.:

00491176

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	Company/ LLP Status	Defaulting status
1	U27107CT1999PLC013773	REAL ISPAT AND POWER LIMITED	Whole-time director	01/04/2013	31/03/2005	Active	NO
2	U45203CT2005PLC017748	SHUBH INFRASTRUCTURES LIMITED	Director	28/06/2005	28/06/2005	Active	NO
3	U27109CT2004PTC016578	REAL POWER PRIVATE LIMITED	Director	01/09/2009	01/09/2009	Active	NO
4	U01010CT2005PTC017876	C.G. SPONGE MANUFACTURERS CONSORTIUM COAL FIELDS PRIVATE LIMITED	Director	30/12/2010	30/12/2010	Active	NO
5	U27102CT2004PTC016535	SHIVALAY ISPAT AND POWER PRIVATE LIMITED	Director	01/04/2013	15/07/2011	Active	NO

Name :

Mr. Basant Kumar Agrawal

Designation :

Whole Time Director

Address :

H.No.203, Charoda, Raipur, Chhattisgarh, India

Date of Birth/Age :

20.12.1971

PAN No.:

AEXPA7882H

Qualification :

B. Com

Date of Appointment :

29.09.2012

Din No.:

00371251

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	U27106CT1999PTC013793	GAURAV KRISHNA ISPAT (INDIA) PRIVATE LIMITED	Director	28/10/2002	28/10/2002	-	Amalgamated	NO
2	U70100CT2009PTC021357	CHAITANYA INFRATECH PRIVATE LIMITED	Director	01/09/2009	01/09/2009	01/01/2010	Active	NO
3	U27107CT1999PLC013773	REAL ISPAT AND POWER LIMITED	Whole-time director	29/09/2012	30/09/2010	-	Active	NO

Name :

Mr. Ritesh Jindal

Designation :

Director

Address :

B 103/1047, C.G. Heights, Opposite Kalyan Gas Godown, Dal Dal Seoni Road, Mowa, Raipur – 492 001, Chhattisgarh, India

Date of Birth/Age :

03.10.1978

PAN No.:

AFCPJ5056L

Date of Appointment :

02.04.2013

Din No.:

00762426

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	U27106CT2002PLC015056	ABHISHEK STEEL INDUSTRIES LIMITED	Director	01/10/2005	01/10/2005	19/09/2008	Active	NO
2	U27100MH2004PTC145461	DEVI IRON AND POWER PRIVATE LIMITED	Director	10/11/2006	10/11/2006	19/09/2008	Active	NO
3	U72300MP2008PTC021302	R. V. ENERGY AND MINERALS PRIVATE LIMITED	Director	06/11/2008	06/11/2008	-	Strike off	NO
4	U70100CT2010PTC021544	VIKRUTI INFRASTRUCTURES PRIVATE LIMITED	Director	08/01/2010	08/01/2010	-	Active	NO
5	U51909WB1985PTC039464	DINPATI COMMERCIALS PRIVATE LIMITED	Director	22/01/2010	22/01/2010	10/06/2011	Active	NO
6	U27107CT1999PLC013773	REAL ISPAT AND POWER LIMITED	Director	02/04/2013	27/01/2012	-	Active	NO
7	U27102CT2004PTC016535	SHIVALAY ISPAT AND POWER PRIVATE LIMITED	Whole-time director	01/04/2013	27/01/2012	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Ravi Mall
Designation :	Secretary
Address :	50/632, Near Talab, Lakhe Nagar, Raipur – 492 013, Chhattisgarh, India
Date of Birth/Age :	14.12.1981
Date of Appointment :	20.01.2010
PAN No.:	ASBPM5210B

Name :	Mr. Vinay Jain
Designation :	Finance Head

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2014

Names of Shareholders		No. of Shares
Umesh Tarachand Agrawal		809264
Ramesh Kumar Tarachand Agrawal		246636
Tarachand Moolchand Agrawal		180000
Rekha Umesh Agrawal		140000
Shradha Rajesh Agrawal		255000
Sudha Ramesh Agrawal		930000
Bimla Devi Agrawal		255000
Tarachand Agrawal Karta of Tarachand Agrawal HUF		50050
Ramesh Kumar Agrawal Karta of Ramesh Kumar Agrawal HUF		2539413
Umesh Agrawal Karta of Umesh Agrawal HUF		2781000
Rajesh Kumar Agrawal Karta of Rajesh Kumar Agrawal HUF		2042273
Ajay Steels Private Limited, India		4744091
R.K. Sponge Private Limited, India		6284545
Basant Agrawal		79773
Seema Agrawal		47500
Om Ispat (India) Private Limited, India		4750000
Rajesh Agrawal		2000000
Dinpati Commercials Private Limited, India		2868750
Debrup Commercial Private Limited, India		206000
TOTAL		31209295

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Bodies corporate	60.41
Directors or relatives of Directors	15.84
Other top fifty shareholders	23.75
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer, Exporter and Importer of Sponge Iron, Billets, MS Ingots and Structural Steel.

Products :

Product Description	Item Code No. (ITC Code)
TMT Bar and Wire Rod and Rolled Product	7214
Ms Ingot Billets	7218
Sponge Iron	7203

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Products :

Finished Good

Countries :

· Nepal

Imports :

Products :

Raw Material

Countries :

· Australia

· South Africa

· Indonesia

Terms :

Selling :

Cash, L\C and Credit

Purchasing :

Cash, L\C and Credit

GENERAL INFORMATION

Suppliers :

Reference :	N.M.D.C. Limited, Chattisgarh, India
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

Customers :

Reference :	Dilip Buildcon Limited, Bhopal, Madhya Pradesh, India
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

No. of Employees :

500 (Approximately)

Bankers :

Banker Name 1	State Bank of India
Branch Address	Commercial Branch, Bairan Bazar, Raipur – 492001, Chhattisgarh, India

Banker Name 2	State Bank of India
Branch Address	Commercial Branch, Pujari Chambers, Pachpedi Naka, Raipur – 492001, Chhattisgarh, India

Banker Name 3	IDBI Bank Limited
Branch Address	Civil Line, Raipur, Chhattisgarh, India

Banker Name 4	HDFC Bank Limited
Branch Address	Sunder Nagar, Raipur, Chhattisgarh, India

Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

Facilities :

Secured Loan	As on 31.03.2013 [Rs. in Millions]	As on 31.03.2012 [Rs. in Millions]
Long Term Borrowings
Term loans from banks	85.203	125.218

Short Term Borrowings
Working capital loans from banks	393.406	539.940
TOTAL	478.609	665.158

Auditors :
Name :	Rajesh J Agrawal and Company Chartered Accountants
Address :	House No.3, Padmini Enclave, Khamardih Road, Near Ashok Park, Shankar Nagar, Raipur – 492 001, Chhattisgarh, India
Tel. No.:	91-771-4032170/ 180
E-Mail :	info@rajeshjagrawal.com
Website :	www.rajeshjagrawal.com
PAN No:	AAIFR5780L

Memberships :	--

Collaborators :	--

Subsidiaries :	· Shivalay Ispat And Power Private Limited [U27102CT2004PTC016535] · Real Power Private Limited [U27109CT2004PTC016578]

Other Related Parties :	· R.K. Sponge Private Limited [U27102CT2002PTC015318]

CAPITAL STRUCTURE

As on 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount

33500000	Equity Shares	Rs.10/- each	Rs.335.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

29707045	Equity Shares	Rs.10/- each	Rs.297.070 Millions

As on 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount

33500000	Equity Shares	Rs.10/- each	Rs. 335.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

31209295	Equity Shares	Rs.10/- each	Rs. 312.093 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	297.070	290.220	290.220
(b) Reserves & Surplus	1367.318	1291.934	1259.883
(c) Money received against share warrants	0.000	0.000	0.000

(2) Share Application money pending allotment	0.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	1664.388	1582.154	1550.103

(3) Non-Current Liabilities
(a) long-term borrowings	95.565	223.168	88.000
(b) Deferred tax liabilities (Net)	32.542	33.228	36.812
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	128.107	256.396	124.812

(4) Current Liabilities
(a) Short term borrowings	393.406	539.940	284.492
(b) Trade payables	328.641	92.601	134.318
(c) Other current liabilities	71.767	154.669	76.688
(d) Short-term provisions	5.928	5.014	3.628
Total Current Liabilities (4)	799.742	792.224	499.126

TOTAL	2592.237	2630.774	2174.041

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	692.544	673.437	572.508
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	74.604	104.569	130.221
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	787.347	772.710	244.948
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	65.982	62.955	30.725
(e) Other Non-current assets	0.000	0.000	0.404
Total Non-Current Assets	1620.477	1613.671	978.806

(2) Current assets
(a) Current investments	1.000	21.000	11.000
(b) Inventories	419.898	407.296	423.001
(c) Trade receivables	264.114	262.821	364.049
(d) Cash and cash equivalents	154.165	146.202	236.620
(e) Short-term loans and advances	130.579	178.099	159.499
(f) Other current assets	2.004	1.685	1.066
Total Current Assets	971.760	1017.103	1195.235

TOTAL	2592.237	2630.774	2174.041

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	4761.956	4238.433	3853.977
		Other Income	12.551	18.367	22.975
		TOTAL (A)	4774.507	4256.800	3876.952

Less	EXPENSES
		Cost of materials consumed	3965.458	3529.912	3139.725
		Purchases of stock-in-trade	0.000	51.284	15.641
		Employee benefit expense	94.692	85.283	61.683
		Other expenses	475.789	367.326	331.165
		Changes in inventories of finished goods, work-in-progress and stock-in-trade	(2.012)	28.714	(47.244)
		TOTAL (B)	4533.927	4062.519	3500.970

Less	PROFIT / (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		240.580	194.281	375.982

Less	FINANCIAL EXPENSES (D)		83.576	58.404	32.642

	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		157.004	135.877	343.340

Less/ Add	DEPRECIATION/ AMORTISATION (F)		110.990	98.897	76.440

	PROFIT / (LOSS) BEFORE TAX (E-F) (G)		46.014	36.980	266.900

Less	TAX (H)		1.455	1.712	54.892

	PROFIT / (LOSS) AFTER TAX (G-H) (I)		44.559	35.268	212.008

Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		1138.500	1103.300	891.300

	BALANCE CARRIED TO THE B/S		1183.059	1138.568	1103.308

	EARNINGS IN FOREIGN CURRENCY
		FOB Value Of Manufactured Goods Exported	12.779	28.600	0.000

	IMPORTS
		Raw Materials	114.607	51.457	0.000
		Capital Goods	8.841	1.627	0.000
	TOTAL IMPORTS		123.448	53.084	0.000

	Earnings / (Loss) Per Share (Rs.)		1.53	1.22	7.31

Expected Sales (2014-15): Rs. 6000.000 Millions

The above information has been parted by Mr. Vinay Jain.

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

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT/Sales)	(%)	0.94	0.83	5.50

Operating Profit Margin (PBDIT / Sales)	(%)	5.05	4.58	9.76

Return on Total Assets (PBT/Total Assets}	(%)	2.66	2.11	14.84

Return on Investment (ROI) (PBT/Networth)		0.03	0.02	0.17

Debt Equity Ratio (Total Debt /Networth)		0.29	0.48	0.24

Current Ratio (Current Asset/Current Liability)		1.22	1.28	2.39

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	290.220	290.220	297.070
Reserves & Surplus	1259.883	1291.934	1367.318
Net worth	1550.103	1582.154	1664.388

long-term borrowings	88.000	223.168	95.565
Short term borrowings	284.492	539.940	393.406
Total borrowings	372.492	763.108	488.971
Debt/Equity ratio	0.240	0.482	0.294

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	3853.977	4238.433	4761.956
		9.976	12.352

NET PROFIT MARGIN

Net Profit Margin	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	3853.977	4238.433	4761.956
Profit	212.008	35.268	44.559
	5.50%	0.83%	0.94%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	----------------------
14]	Estimation for coming financial year	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)	Yes
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	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

UNSECURED LOAN

Particulars	As on 31.03.2013 [Rs. in Millions]	As on 31.03.2012 [Rs. in Millions]
Long Term Borrowings
Loans and advances from related parties	10.362	97.950
TOTAL	10.362	97.950

INDEX OF CHARGES:

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10519867	12/08/2014	250,000,000.00	YES BANK LIMITED	9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD, WORLI, MUMBAI, Maharashtra - 400018, INDIA	C20575056
2	90204196	01/02/2012 *	983,200,000.00	State Bank of India	Commercial Branch, 2nd Floor,, Pujari Complex, Pachpedi Naka, Raipur, Chhattisgarh - 492001, INDIA	B35896604

* Date of charge modification

FIXED ASSETS

· Land and Building

· Plant and Equipment

· Factory Equipments

· Furniture and Fixtures

· Vehicles

· Office Equipment

· Computer Equipments

· Bridges Roads Ports Culverts

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.63.63
UK Pound	1	Rs.98.97
Euro	1	Rs.77.74

INFORMATION DETAILS

Information Gathered by :	DIP

Analysis Done by :	KAR

Report Prepared by :	KLS

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	5
--PROFITABILITY	1~10	5
--LIQUIDITY	1~10	5
--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	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		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.

MIRA INFORM REPORT

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