MIRA INFORM REPORT

Report Date :

30.12.2014

IDENTIFICATION DETAILS

Name :	BANSAL WIRE INDUSTRIES LIMITED
Registered Office :	42 Rajasthani Udyog Nagar, G.T. Karnal Road, Delhi - 110033
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	11.12.1985
Com. Reg. No.:	55-022737
Capital Investment / Paid-up Capital :	Rs.32.461 millions
CIN No.: [Company Identification No.]	U31300DL1985PLC022727
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	DELB01242D
PAN No.: [Permanent Account No.]	AAACB1305Q
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacture and Exporter of Steel Wires.
No. of Employees :	Not Divulged

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

Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track record. The management has failed to file its financial record with government department for the year 2014. As per available financial of 2013, general financial position of the company seems to be sound. Profitability 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	A1	A1

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

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	Long Term Rating BBB
Rating Explanation	Moderate degree of safety and moderate credit risk
Date	August 20. 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 DENIED BY

Name :	Mr. R. K. Setia
Designation :	General Manager Finance
Contact No.:	91-11-23651891
Date :	27.12.2014

LOCATIONS

Registered Office :	42 Rajasthani Udyog Nagar, G.T. Karnal Road, Delhi - 110033, India
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	spaaco@bol.net.in info@bansalwire.com
Website:	http://www.bansalwire.com
Corporate Office :	F-3,Shastri Nagar, New Delhi - 110052, India
Tel. No.:	91- 11- 23651891/92/93
Fax No.:	91- 11- 23651890
Mobile No:	91- 9871697611 (Mr. V K Garg), 9810047097 (Mr. Vijay Jain)
E-Mail :	info@bansalwire.com
Factory :	B-5 and B-6, Site II, Zoni Road industries Area, Mohan Nagar, Ghaziabad - 201007, India
Tel. No.:	91-120-2658290/ 92
Fax No.:	91-120-2658291

DIRECTORS

As on 30.09.2013

Name :

Mr. Arun Kumar Gupta

Designation :

Director

Address :

F-7, Ashok Vihar, Phase-1, Delhi - 110052, India

Date of Birth/Age :

06.04.1958

Date of Appointment :

11.12.1985

Din No:

00255850

PAN No.:

AETPG0551K

Qualification :

Graduate

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	U31300DL1985PLC022737	BANSAL WIRE INDUSTRIES LIMITED	Director	11/12/1985	11/12/1985	-	Active	NO
2	U74899DL1989PTC037148	MANISHI TOWERS PRIVATE LIMITED	Director	29/08/1989	29/08/1989	-	Active	NO
3	U74899DL1977PTC008500	VIKAS ELECTRONICS (INTERNATIONAL) PRIVATE LIMITED	Director	10/08/1990	10/08/1990	28/10/2013	Active	NO
4	U74899DL1994PTC057334	BANSAL STRIPS PVT LTD	Director	10/02/1994	10/02/1994	-	Active	NO
5	U74899DL1988PTC030216	BALAJI WIRES PRIVATE LIMITED	Director	25/03/1997	25/03/1997	-	Active	NO
6	U27101DL1997PTC088181	BANSAL HIGH CARBONS PRIVATE LIMITED	Director	26/06/1997	26/06/1997	-	Active	NO
7	U33111HR1998PTC034082	SHIVAM DIAGNOSTICS PRIVATE LIMITED	Director	02/12/1998	02/12/1998	-	Active	NO
8	U40102DL1999PTC100040	INDRAPRASTHA VIDYUT UDYOG PVT LTD	Director	12/06/1999	12/06/1999	07/05/2008	Active	NO
9	U51420DL1999PTC100475	S S PRANAV STEELS PRIVATE LIMITED	Additional director	04/05/2012	01/07/1999	30/05/2013	Active	NO
10	U74899DL1992PTC050941	SHIVAM WIRES PRIVATE LIMITED	Director	14/08/2000	14/08/2000	-	Active	NO
11	U74899DL1995PLC068689	SFIL STOCK BROKING LIMITED	Director	02/06/2005	02/06/2005	-	Active	NO
12	U52322DL1996PTC082040	FAIR VALUE TRADERS PRIVATE LIMITED	Additional director	02/05/2012	04/06/2005	14/05/2014	Active	NO
13	U27106DL1999PTC101645	S S A P STEELS PRIVATE LIMITED	Director	06/05/2011	06/05/2011	-	Active	NO
14	U27100HR2012PTC045734	EXCELLA METALS PRIVATE LIMITED	Director	26/04/2012	26/04/2012	-	Active	NO
15	U27100HR2012PTC045753	MILLENIA METALS PRIVATE LIMITED	Director	27/04/2012	27/04/2012	-	Active	NO
16	U27106DL2013PTC255946	PARAMHANS WIRES PRIVATE LIMITED	Director	24/02/2014	24/02/2014	-	Active	NO

Name :

Miss. Manishi Gupta

Designation :

Director

Address :

F-7, Ashok Vihar, Phase-1, Delhi- 110052, India

Date of Birth/Age :

16.05.1986

Date of Appointment :

22.01.2010

Din No:

00256368

Qualification :

Graduate

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	U51420DL1999PTC100475	S S PRANAV STEELS PRIVATE LIMITED	Director	29/09/2005	29/09/2005	26/03/2011	Active	NO
2	U74899DL1977PTC008500	VIKAS ELECTRONICS (INTERNATIONAL) PRIVATE LIMITED	Director	01/03/2008	01/03/2008	23/10/2013	Active	NO
3	U74899DL1992PTC050941	SHIVAM WIRES PRIVATE LIMITED	Director	01/03/2008	01/03/2008	26/03/2011	Active	NO
4	U27101DL1997PTC088181	BANSAL HIGH CARBONS PRIVATE LIMITED	Director	11/01/2010	11/01/2010	22/08/2014	Active	NO
5	U74899DL1994PTC057334	BANSAL STRIPS PVT LTD	Director	11/01/2010	11/01/2010	21/08/2014	Active	NO
6	U31300DL1985PLC022737	BANSAL WIRE INDUSTRIES LIMITED	Director	22/01/2010	22/01/2010	22/08/2014	Active	NO
7	U74899DL1989PTC035628	BIRBAL DRESSES PRIVATE LIMITED	Director	09/07/2011	09/07/2011	-	Active	NO
8	U74899DL1992PTC050797	BIRBAL LEASING AND FINANCE PRIVATE LIMITED	Director	09/07/2011	09/07/2011	-	Active	NO
9	U74899DL1989PTC037148	MANISHI TOWERS PRIVATE LIMITED	Additional director	03/11/2011	03/11/2011	20/08/2014	Active	NO
10	U27100HR2012PTC045734	EXCELLA METALS PRIVATE LIMITED	Director	26/04/2012	26/04/2012	23/08/2014	Active	NO
11	U74899DL1988PTC030216	BALAJI WIRES PRIVATE LIMITED	Director	25/04/2013	25/04/2013	23/08/2014	Active	NO

Name :

Mr. Hari Om Goyal

Designation :

Director

Address :

BN-9, East Shalimar Bagh, Delhi-110052, India

Date of Birth/Age :

15.10.1945

Date of Appointment :

13.05.1989

Din No:

00396564

Qualification :

Graduate

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	U74899DL1984PTC019413	OM AUTO TRADING PRIVATE LIMITED	Director	27/11/1984	27/11/1984	-	Active	NO
2	U31300DL1985PLC022737	BANSAL WIRE INDUSTRIES LIMITED	Director	13/05/1989	13/05/1989	-	Active	NO
3	U74899DL1987PTC028903	RAJASTHANI DHATU UDYOG PRIVATE LIMITED	Director	28/06/1995	28/06/1995	-	Active	NO
4	U40102DL1999PTC100040	INDRAPRASTHA VIDYUT UDYOG PVT LTD	Director	20/07/1999	20/07/1999	07/05/2008	Active	NO
5	U85191DL2009PTC197517	MIND & SOUL FITNESS PRIVATE LIMITED	Director	31/12/2009	31/12/2009	-	Active	NO
6	U27100HR2012PTC045753	MILLENIA METALS PRIVATE LIMITED	Director	27/04/2012	27/04/2012	-	Active	NO

Name :

Miss. Anita Gupta

Designation :

Director

Address :

F-7, Ashok Vihar, Phase-1, Delhi - 110052, India

Date of Birth/Age :

30.04.1960

Date of Appointment :

01.02.1994

Din No:

00255938

Qualification :

Graduate

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	U31300DL1985PLC022737	BANSAL WIRE INDUSTRIES LIMITED	Director	01/02/1994	01/02/1994	-	Active	NO
2	U74899DL1994PTC057334	BANSAL STRIPS PVT LTD	Director	10/02/1994	10/02/1994	-	Active	NO
3	U27101DL1997PTC088181	BANSAL HIGH CARBONS PRIVATE LIMITED	Director	26/06/1997	26/06/1997	-	Active	NO
4	U74899DL1989PTC037148	MANISHI TOWERS PRIVATE LIMITED	Director	15/11/2002	15/11/2002	-	Active	NO
5	U74899DL1988PTC030216	BALAJI WIRES PRIVATE LIMITED	Director	05/06/2003	05/06/2003	-	Active	NO
6	U74899DL1995PLC068689	SFIL STOCK BROKING LIMITED	Director	02/06/2005	02/06/2005	-	Active	NO
7	U74899DL1989PTC036588	MANGLAM WIRES PRIVATE LIMITED	Director	29/09/2005	29/09/2005	-	Active	NO
8	U51420DL1999PTC100475	S S PRANAV STEELS PRIVATE LIMITED	Director	11/01/2010	11/01/2010	26/03/2011	Active	NO
9	U27106DL1999PTC101645	S S A P STEELS PRIVATE LIMITED	Director	06/05/2011	06/05/2011	-	Active	NO
10	U27100HR2012PTC045753	MILLENIA METALS PRIVATE LIMITED	Director	27/04/2012	27/04/2012	-	Active	NO
11	U74899DL1977PTC008500	VIKAS ELECTRONICS (INTERNATIONAL) PRIVATE LIMITED	Additional director	03/05/2012	03/05/2012	23/10/2013	Active	NO
12	U74899DL1992PTC050941	SHIVAM WIRES PRIVATE LIMITED	Additional director	07/05/2012	07/05/2012	-	Active	NO
13	U27106DL2013PTC255946	PARAMHANS WIRES PRIVATE LIMITED	Director	24/02/2014	24/02/2014	-	Active	NO
14	U27100HR2012PTC045734	EXCELLA METALS PRIVATE LIMITED	Director	23/08/2014	23/08/2014	-	Active	NO

Name :

Miss. Mayank Gupta

Designation :

Director

Address :

House No. 14, Ward No.20, Green Park Hisar, Hisar - 125001, Haryana, India

Date of Birth/Age :

11.10.1978

Date of Appointment :

07.05.2013

Din No:

02454483

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	U33111HR1998PTC034082	SHIVAM DIAGNOSTICS PRIVATE LIMITED	Director	01/04/2003	01/04/2003	24/01/2012	Active	NO
2	U74899DL1989PTC036588	MANGLAM WIRES PRIVATE LIMITED	Director	01/07/2011	01/07/2011	-	Active	NO
3	U31300DL1985PLC022737	BANSAL WIRE INDUSTRIES LIMITED	Director	07/05/2013	07/05/2013	-	Active	NO

KEY EXECUTIVES

Name :	Mr. R. K. Setia
Designation :	General Manager Finance

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2013

Names of Shareholders	No. of Shares
Arun Kumar Gupta	115900
Ram Kishan Gupta	7500
Sanjiv Kumar Goyal	900
Anita Gupta C/o. Arun Kumar Gupta	189400
Shivam Wires Private Limited, New Delhi	329460
Satya Credits Private Limited, Delhi	258800
Arun Kumar Gupta C/o. Shyam Sunder Arun Kr	60500
Arun Kumar Gupta C/o. Shyam Sunder Gupta and Mandir Sree Kanhiya Lal Trust	30000
Shri. Arun Kumar Gupta C/o. Shyam Sunder Gupta (HUF)	192000
Shivlok Apartments Private Limited, New Delhi	283000
On Time Financial Services Private Llimited, New Delhi	222000
Master Pranav Bansal C/o Arun Kumar Gupta	187500
Santosh Goel	900
Fair Value Traders Private Limited, New Delhi	384500
Shrassha Finlease Private Limited, New Delhi	20000
Arun Kumar Gupta (Karta) C/o Arun Kumar Gupta (HUF)	49100
S.S.A.P. Steels Private Limited, New Delhi	84900
A.P. Bansal	100000
Shalabh Agarwal	28000
Manglam Wires Private Limited, New Delhi	143200
Satish Kumar C/o Satish Kumar and Nitin Kumar	58750
Nimbus Distributors Private Limited, India	265000
Nitin Kumar Garg	100000
Veena Gupta	18750
R P Singhal	14100
Reeta Rani	1900
Shyam Sunder Arun Kumar Prop. Arun Kumar Gupta (HUF)	100000
Total	3246060

As on 04.12.2013

Names of Allottee	No. of Shares
Arvind Conductors Private Limited, India	10000
Taurus India Limited, India	325000
Arun Kumar Gupta	23200
Arun Kumar Gupta [HUF]	8075
Nimbus Distributors Private Limited, India	35000
Total	401275

As on 30.09.2013

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Bodies corporate	61.33
Directors or relatives of Directors	28.48
Other top fifty shareholders	10.19
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacture and Exporter of Steel Wires.

Products :

Product Description	Item Code No. (ITC Code)
Stainless Steel Wire	332206009
Mild Steel Wires	331508001
Iron and Steel Wire Scraps	331901005

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 :

Not Divulged

Bankers :

Banker Name 1	The Jammu and Kashmir Bank Limited
Branch Address	Sadar Bazar Branch, Delhi - 110006, India
Banker Name 2	Canara Bank
Branch Address	Sadar Bazar, Delhi - 110006, India
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
Name of Account Holder	Not Divulged
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 :

(Rs. In Millions)

SECURED LOAN	As on 31.03.2013	As on 31.03.2012
Long Term Borrowing
Rupee term loans from banks	181.971	91.859
Short Term Borrowing
Loans repayable on demand from banks	609.261	437.022
Total	791.232	528.881

Auditors :
Name :	S.P. Agarwal and Company Chartered Accountants
Address :	5, Todarmal lane, 1^st floor, Bengali market, New Delhi- 110001, India
Tel. No.:	91- 11- 23353621 / 23353622 / 23353642
E-Mail :	spaaco@bol.net.in
PAN No:	AAAFS8972P
Memberships :	Not Available
Collaborators :	Not Available
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives :	Balaji Wires Private Limited, India CIN NO.: U74899DL1988PTC030216 Bansal High Carbons Private Limited, India CIN NO.: U27101dl1997ptc088181 Manglam Wires Private Limited, India CIN NO.: U74899DL1989PTC036588 Bansal Strips Private Limited, India CIN NO.: U74899DL1994PTC057334 S S A P Steels Private Limited, India CIN NO.: U27106DL1999PTC101645

CAPITAL STRUCTURE

As on 30.09.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
5000000	Equity Shares	Rs.10/- each	Rs. 50.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
3246060	Equity Shares	Rs.10/- each	Rs. 32.461 Millions

After 30.09.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
5000000	Equity Shares	Rs.10/- each	Rs. 50.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
3787100	Equity Shares	Rs.10/- each	Rs. 37.871 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	32.461	32.431	30.926
(b) Reserves & Surplus	279.124	234.470	157.979
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	117.825	149.000	67.500
Total Shareholders’ Funds (1) + (2)	429.410	415.930	256.405
(3) Non-Current Liabilities
(a) long-term borrowings	273.680	186.756	253.489
(b) Deferred tax liabilities (Net)	31.724	25.377	20.599
(c) Other long term liabilities	75.799	3.893	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	381.203	216.026	274.088
(4) Current Liabilities
(a) Short term borrowings	609.261	437.022	386.151
(b) Trade payables	72.559	43.948	9.726
(c) Other current liabilities	106.118	104.626	147.930
(d) Short-term provisions	28.950	16.150	10.850
Total Current Liabilities (4)	816.888	601.746	554.657
TOTAL	1627.501	1233.702	1085.150
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	464.615	430.200	381.979
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	77.141	0.042	0.345
(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	7.692	5.082	6.312
(e) Other Non-current assets	0.000	0.000	0.353
Total Non-Current Assets	549.448	435.324	388.989
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	385.113	405.029	358.836
(c) Trade receivables	610.482	318.681	255.859
(d) Cash and cash equivalents	2.970	6.636	6.332
(e) Short-term loans and advances	79.488	68.032	75.134
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	1078.053	798.378	696.161
TOTAL	1627.501	1233.702	1085.150

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	4022.200	3342.762	1909.804
		Other Income	2.111	1.156	7.858
		TOTAL	4024.311	3343.918	1917.662
Less	EXPENSES
		Cost of Materials Consumed	3415.271	2853.745	1540.716
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(55.042)	(63.667)	(53.963)
		Employees benefits expense	51.379	42.499	33.954
		Other expenses	441.280	354.578	362.518
		TOTAL	3852.888	3187.155	1883.225
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		171.423	156.763	34.437
Less	FINANCIAL EXPENSES		88.395	81.776	51.975
	PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		83.028	74.987	(17.538)
Less/ Add	DEPRECIATION/ AMORTISATION		19.228	17.583	16.040
	PROFIT/ (LOSS) BEFORE TAX		63.800	57.404	(33.578)
Less	TAX		19.146	10.078	10.775
	PROFIT/ (LOSS) AFTER TAX		44.654	47.326	(44.353)
	EARNINGS IN FOREIGN CURRENCY		0.000	0.069	0.000
	Earnings Per Share (Rs.)		13.76	14.58	(13.66)

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
Net Profit Margin (PAT/Sales)	(%)	1.11	1.42	(2.32)
Operating Profit Margin (PBDIT / Sales)	(%)	4.26	4.69	1.80
Return on Total Assets (PBT/Total Assets}	(%)	4.12	4.65	(3.10)
Return on Investment (ROI) (PBT/Networth)		0.15	0.14	(0.13)
Debt Equity Ratio (Total Debt /Networth)		2.06	1.50	2.49
Current Ratio (Current Asset/Current Liability)		1.32	1.33	1.26

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	30.926	32.431	32.461
Reserves & Surplus	157.979	234.470	279.124
Net worth	188.905	266.901	311.585
long-term borrowings	253.489	186.756	273.680
Short term borrowings	386.151	437.022	609.261
Total borrowings	639.640	623.778	882.941
Debt/Equity ratio	3.386	2.337	2.834

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	1909.804	3342.762	4022.200
		75.032	20.326

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	1909.804	3342.762	4022.200
Profit	(44.353)	47.326	44.654
	(2.32)%	1.42%	1.11%

LOCAL AGENCY FURTHER INFORMATION

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

Note: The registered office of the company has been shifted from 2121-2122, I Floor, Bahadurgarth Road, Sadar Bazar, Delhi - 110006, India to the present address w.e.f. 06.11.2009.

UNSECURED LOAN

(Rs. In Million)

Particulars	As on 31.03.2013	As on 31.03.2012
Long Term Borrowing
Rupee term loans from banks	61.048	62.063
Rupee term loans from others	22.649	21.378
Intercorporate borrowings	1.500	2.420
Loans and advances from directors	6.259	8.850
Other loans and advances	0.253	0.186
Total	91.709	94.897

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	ADDRESS	Service Request Number (SRN)
1	10478908	30/01/2014 *	100,000,000.00	Canara Bank	SADAR BAZAR, DELHI, DELHI - 110006, INDIA	C00824706
2	10478903	29/01/2014	660,000,000.00	Canara Bank	SADAR BAZAR, DELHI, DELHI - 110006, INDIA	B96917158
3	10470542	26/12/2013	470,000,000.00	The Jammu and Kashmir Bank Limited	SADAR BAZAR BRANCH, DELHI, DELHI - 110006, INDIA	B93638211
4	10381898	10/10/2012	75,000,000.00	Canara Bank	SADAR BAZAR, DELHI, DELHI - 110006, INDIA	B60226990
5	10381755	29/01/2014 *	515,000,000.00	Canara Bank	SADAR BAZAR, DELHI, DELHI - 110006, INDIA	B96915343
6	10352797	31/03/2014 *	1,145,000,000.00	Canara Bank	SADAR BAZAR, DELHI, DELHI - 110006, INDIA	C04149035
7	10352803	09/04/2012	150,000,000.00	Canara Bank	SADAR BAZAR, DELHI, DELHI - 110006, INDIA	B38625851
8	10299347	07/07/2011	50,000,000.00	Canara Bank	SADAR BAZAR, DELHI, DELHI - 110006, INDIA	B17736372
9	10299346	31/03/2014 *	1,145,000,000.00	Canara Bank	SADAR BAZAR, DELHI, DELHI - 110006, INDIA	C04148326
10	10226927	19/06/2010	445,000.00	Canara Bank	SADAR BAZAR, DELHI, DELHI - 110006, INDIA	A88700588
11	10179695	29/01/2014 *	10,000,000.00	Canara Bank	SADAR BAZAR, DELHI, DELHI - 110006, INDIA	C00825091
12	10179704	13/10/2009 *	130,000,000.00	CANARA BANK	BARA TOOTI, SADAR BAZAR, DELHI, DELHI - 110006, INDIA	A72277908
13	10179700	31/03/2014 *	630,000,000.00	Canara Bank	SADAR BAZAR, DELHI, DELHI - 110006, INDIA	C04148003

* Date of charge modification

FIXED ASSETS

• Land
• Factory Building
• Plant and Machinery
• Office Equipment
• Computer
• Vehicles
• Furniture and Fixture

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 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.63.65
UK Pound	1	Rs.99.14
Euro	1	Rs.77.60

INFORMATION DETAILS

Information Gathered by :	HNA
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	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		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.