1. Summary Information

		Country	India
Company Name	DELTON CABLES LIMITED	Principal Name 1	Mr. Vijender Kumar Gupta
Status	Moderate	Principal Name 2	Mr. Vivek Gupta
		Registration #	55-004255
Street Address	Delton House, 4801 Bharat Ram Road, 24 Darya Gunj, New Delhi – 110002, India
Established Date	26.09.1964	SIC Code	55-004255
Telephone#	91-11-23273905/ 08	Business Style 1	Manufacturing
Fax #	91-11-23280375/ 23272178 / 6835550	Business Style 2	Wires and Cables
Homepage	http://www.deltoncables.com	Product Name 1	PVC Compound
# of employees	Not Available	Product Name 2	Jelly Filled Telecommunication Cables.
Paid up capital	Rs. 28,800,000/-	Product Name 3	--
Shareholders	shareholding of Promoter and Promoter Group - 73.79% Public shareholding – 26.21%	Banking	Canara Bank
Public Limited Corp.	Yes	Business Period	50 Years
IPO	Yes	International Ins.	--
Public Enterprise	Yes	Rating	B (30)
Related Company
Relation	Country	Company Name	CEO
Enterprises Having significant influence of KMP's.	--	Delton International Limited	--
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2013		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	511,864,000	Current Liabilities	242,017,000
Inventories	321,800,000	Long-term Liabilities	445,570,000
Fixed Assets	93,014,000	Other Liabilities	10,171,000
Deferred Assets	6,207,000	Total Liabilities	697,758,000
Invest& other Assets	47,000	Retained Earnings	206,374,000
		Net Worth	235,174,000
Total Assets	932,932,000	Total Liab. & Equity	932,932,000
Total Assets (Previous Year)	1,066,314,000
P/L Statement as of	31.03.2013		(Unit: Indian Rs.)
Sales	1,161,421,000	Net Profit	(28,051,000)
Sales(Previous yr)	1,416,271,000	Net Profit(Prev.yr)	18,113,000

MIRA INFORM REPORT

Report Date :

14.02.2014

IDENTIFICATION DETAILS

Name :	DELTON CABLES LIMITED
Registered Office :	Delton House, 4801 Bharat Ram Road, 24, Darya Gunj, New Delhi – 110002
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	26.09.1964
Com. Reg. No.:	55-004255
Capital Investment / Paid-up Capital :	Rs. 28.800 Millions
CIN No.: [Company Identification No.]	L31300DL1964PLC004255
TAN No.: [Tax Deduction & Collection Account No.]	DELD00125G DELD06408D
PAN No.: [Permanent Account No.]	AAAFD2403L AAACD2482Q
Legal Form :	A Public Limited Liability company. The Company’s Shares are Listed on the Stock Exchanges.
Line of Business :	Manufacturing and Marketing of Wires and Cables, PVC Compound and Jelly Filled Telecommunication Cables.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (30)

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

Maximum Credit Limit :	USD 940000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. The rating continue to be constrained by the moderate scale of operations, loss incurred by the company from its operation during the FY 2013 and intense competition face by company in the cable industry. However, trade relations are fair. Business is active. Payment terms are slow but correct. The company can be considered for business dealing 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 – December 1, 2013

Country Name	Previous Rating (30.09.2013)	Current Rating (01.12.2013)
India	A1	A1

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

INDIAN ECONOMIC OVERVIEW

The worst is over for India’s economy with gross domestic product likely to expand 5 %to 5.5 % this year and more than 6 % in 2015, according to Moody’s Analytics. Concerns over the rupee and current account deficit are under control, said the agency. Ratings firm Crisil has forecast 6 % growth for 2014/15 up from the estimated 4.8 % for 2013/14.  Total economic growth, infrastructure bottlenecks and lack of transparency and consistency in foreign direct investment policies seem to have taken a toll on India’s attractiveness as an investment destination, says an Ernst & Young survey.  Projects with FDI component fell 16.4 % across the globe in 2012 from the previous year.  The drop in India was steeper at 21 %. State run carrier Air India is doling out free tickets to its 24000 employees, even as it expects to incur a loss of Rs 39000 mn this financial year and has a debt of Rs 350000 mn. 550000 number of jobs generated across India in 2013, a fall of 0.4 % as compared to with a year earlier. The National  Capital Region has a one-fourth share in total jobs created, according to a study by industry lobby group Assochem, Banks, real estate, automobile and telecommunications sectors are showing a rise of job creation. $ 805 mn investments by venture capital firms in India during 2013, registering a drop of about 18 % over the previous year. The Information Technology and IT-Enabled  Services Industry retained its status as the favourable venture capital investors in 2013. Pakistan has temporarily banned gold imports for the second time in six months, as it tries to stem smuggling into India. India’s import duty on gold is 10 % and curbs on purchases have dried up legal imports into what used to be the world’s biggest bullion buyers. The World Gold Council puts the amount smuggled into India at upto 200 tonnes in 2013. The Reserve Bank of India has proposed that unclaimed bank deposits estimated to be about Rs 35000 mn be used for education and awareness among depositors.  According to the plan, deposits that have not been claimed for at least 10 years will be transferred to the scheme.

EXTERNAL AGENCY RATING

Rating Agency Name	CARE
Rating	Long term bank facilities: BB+
Rating Explanation	Moderate risk of default and high credit risk.
Date	26.03.2013

Rating Agency Name	CARE
Rating	Short term bank facilities: A4+
Rating Explanation	Minimal degree of safety and very high credit risk.
Date	26.03.2013

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 31-03-2012.

LOCATIONS

Registered Office / Corporate Office / Head Office:	Delton House, 4801 Bharat Ram Road, 24 Darya Gunj, New Delhi – 110002, India
Tel. No.:	91-11-23273905-07/ 30125536/ 30125537/ 30125539/ 23254599/ 41563022
Fax No.:	91-11-23280375/ 23272178
E-Mail :	shares@deltoncables.com delhi@delton.wiprobt.ems.vsnl.net.in dcl@deltoncables.com
Website :	http://www.deltoncables.com
Factory 1 :	17/4, Mathura Road, Faridabad – 121002, Haryana, India
Tel. No.:	91-129-2288225
Fax No.:	91-129-2223998
Factory 2 :	24, Shivaji Marg, New Delhi – 11015, India
Tel. No.:	91-11-25928280/41427377
Fax No.:	91-11-25928037
Factory 3 :	70^th Milestone, Delhi Jaipur Highway, Dharuhera – 122106, Haryana, India
Tel. No.:	91-1274-2422229/242295
Fax No.:	91-1274-247123
Factory 4 :	(Switchgear Division), C-22/23, Sector – 57, Noida – 201301, Uttar Pradesh ,India
Tel. No.:	91-120-4248987
Branch Office :	Located at · Mumbai · Chennai · Bangalore · Kolkata · Kochi

DIRECTORS

As on: 31.03.2013

Name :	Mr. Vijender Kumar Gupta
Designation :	Chairmen and Managing director
Address :	46-A, Friends Colony, New Delhi 110 065, India
Date of Birth :	04.02.1940
Date of Appointment :	01.07.2008
Voter ID No.:	DL02006156285
DIN No.:	00036210
Name :	Mr. Vivek Gupta
Designation :	Joint Managing Director
Address :	46-A, Friends Colony, New Delhi 110 065, India
Date of Birth :	30.07.1968
Date of Appointment :	01.07.2008
Voter ID No.:	DL02006156365
DIN No.:	00035916
Name :	Mr. Mahesh Prasad Mehrotra
Designation :	Director
Address :	C-561, Defence Colony, New Delhi 110 024, India
Date of Birth :	26.09.1937
Date of Appointment :	28.09.2007
DIN No.:	00016768
Name :	Mr. Vijay Kumar Goel
Designation :	Director
Address :	E-348, Greater Kailash – II, New Delhi 110 048, India
Date of Birth :	09.11.1940
Date of Appointment :	28.09.1994
DIN No.:	00075317
Name :	Mr. Bharat Bhushan Chadha
Designation :	Director
Address :	Flat No. C-303, Ispatika Group Housing Society, Plot No. 29, Sector No. 4,Dwarka, New Delhi 110 075, India
Date of Birth :	11.12.1937
Date of Appointment :	02.09.2003
DIN No.:	00298713
Name :	Mr. Achintya Karati
Designation :	Director
Address :	29/203, Eastend Apartments, Mayur Vihar, Phase-II, New Delhi 110 096, India
Date of Birth :	23.03.1946
Date of Appointment :	13.03.1989
DIN No.:	00024412
Name :	M. SS Malhotra
Designation :	Director

KEY EXECUTIVES

Name :	Mr. Pankaj Kumar Mittal
Designation :	Secretary
Address :	House No. 295, Ward No. 1, SIHI Gate, Ballabgarh, Faridabad - 121 004, Haryana, India
Date of Birth :	11.12.1983
Date of Appointment :	01.02.2012
PAN No.:	AQZPM3154E

SHAREHOLDING PATTERN

As on: 31.12.2013

Category of Shareholders	No. of Shares	Percentage of Holding
(A) Shareholding of Promoter and Promoter Group
(1) Indian
Individuals / Hindu Undivided Family	612267	21.26
Bodies Corporate	1372955	47.67
Any Others (Specify)	139884	4.86
Trusts	100	0.00
Directors/Promoters & their Relatives & Friends	139784	4.85
Sub Total	2125106	73.79
(2) Foreign
Total shareholding of Promoter and Promoter Group (A)	2125106	73.79
(B) Public Shareholding
(1) Institutions
Financial Institutions / Banks	956	0.03
Sub Total	956	0.03
(2) Non-Institutions
Bodies Corporate	66911	2.32
Individuals
Individual shareholders holding nominal share capital up to Rs.0.100 Million	553327	19.21
Individual shareholders holding nominal share capital in excess of Rs.0.100 Million	101190	3.51
Any Others (Specify)	32510	1.13
Non Resident Indians	3234	0.11
Hindu Undivided Families	28976	1.01
Trusts	50	0.00
Clearing Members	250	0.01
Sub Total	753938	26.18
Total Public shareholding (B)	754894	26.21
Total (A)+(B)	2880000	100.00
(C) Shares held by Custodians and against which Depository Receipts have been issued	0	0.00
(1) Promoter and Promoter Group	0	0.00
(2) Public	0	0.00
Sub Total	0	0.00
Total (A)+(B)+(C)	2880000	0.00

BUSINESS DETAILS

Line of Business :

Manufacturing and Marketing of Wires and Cables, PVC Compound and Jelly Filled Telecommunication Cables.

Products :

PRODUCT DESCRIPTION	ITEM CODE NO.
Wire and Cables	8544.00
Jelly Filled Telecommunication Cables	854400.19

PRODUCTION STATUS [AS ON 31.03.2011]

Particulars	Unit	Installed Capacity**	Actual Production
Wires and Cables	MCM	3003	270
Switch Gear	NO’S	3000000	151300

NOTE:

1. * Particulars regarding licence capacity have not been given since the same has been delicenced.

2. ** Installed capacity is taken as certified by the management.

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

· Canara Bank

· The Federal Bank Limited

· The Benares State Bank Limited

· Punjab National Bank,

· Centurion Bank of Punjab

· State Bank of Bikaner and Jaipur

Facilities :

(Rs. In Millions)

Secured Loan	As on 31.03.2013
Long term borrowing
From Bank Vehicle Loans	0.262
From financial institutions Vehicle Loan	0.572
Short term borrowing
Cash credit	112.916
Working capital demand loan	218.129
Buyers credit letter of credit	51.837
	61.018
Total	444.734
NOTE: LONG TERM BORROWING Term loan from bank was taken during the financial year 2009-10 and carries interest @13% p.a The loan is repayable m 48 monthly installments of Rs 0.390 Millan along with the interest from the date of loan and is secured by pari passu charge under consortium arrangement b way of second charge on whole of movable properties excluding such movable which has been by the banks permitted by the banks and including inventories and book debts of the company and equitable mortgage created on the properties at 1714, Mathura Road, Faridabad and personal guarantee of the directors. Vehicle Loan are secured against hypothecation of receptive vehicles and carry rate of Interest of 10-13 5%. Finance lease obligation 1s secured by hypothecation of plant and machinery taken on lease SHORT TERM BORROWING Cash Credit, working capital demand loan, Letter of Credit and buyers Credit re secured by pan passu charge under consortium arrangement by way of first charge on whole of movable properties, excluding such movable which has been permitted by the banks and including inventories and book debts of the company and equitable mortgage created on the properties at 1714, Mathura Road, Faridabad and personal guarantee of the directors The cash credit and working capital loan 1s repayable on demand and carries Interest @ 13 75% to 15 50% p a. Letter of credit is repayable in maximum of 90 days and carries interest ranging from 9.70-10.60%

(Rs. In Millions)

Secured Loan	As on 31.03.2012
Term Loan from Banks	1.309
Term loans from others	1.073
Loans and advances from related parties	0.890
Other loans and advances	0.000
Working capital loans from banks	230.436
Loans repayable on demand	94.665
Loans and advances from related parties	47.406
Other loans and advances	125.491
Total	501.27

Banking Relations :	--
Auditors :
Name :	S.R. Dinodia And Company Chartered Accountant
Address :	K - 39 Connaught Place, New Delhi – 110001, India
PAN.:	AACFS2559N
Enterprises Having significant influence of KMP's.	· Delton International Limited · Vishranti Trading Enterprises Limited · Saneh Industrial Investments Limited · B and M Trading Investment Company Limited · Delton Cable Company · Viga Trade Solution Private Limited · Ram Kumar Gupta and Sons Limited · Allied Promoters Limited

CAPITAL STRUCTURE

As on : 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
5400000	Equity Shares	Rs.10/- each	Rs.54.000 Millions
60000	Preference Shares	Rs.100/- each	Rs.6.000 Millions
	Total		Rs.60.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
2880000	Equity Shares	Rs.10/- each	Rs.28.800 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	28.800
(b) Reserves & Surplus	206.374
(c) Money received against share warrants	0.000
(2) Share Application money pending allotment	0.000
Total Shareholders’ Funds (1) + (2)	235.174
(3) Non-Current Liabilities
(a) long-term borrowings	1.670
(b) Deferred tax liabilities (Net)	5.767
(c) Other long term liabilities	0.000
(d) long-term provisions	3.319
Total Non-current Liabilities (3)	10.756
(4) Current Liabilities
(a) Short term borrowings	443.900
(b) Trade payables	203.432
(c) Other current liabilities	38.585
(d) Short-term provisions	1.085
Total Current Liabilities (4)	687.002
TOTAL	932.932
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	89.680
(ii) Intangible Assets	3.334
(iii) Capital work-in-progress	0.000
(iv) Intangible assets under development	0.000
(b) Non-current Investments	0.047
(c) Deferred tax assets (net)	6.207
(d) Long-term Loan and Advances	18.755
(e) Other Non-current assets	16.385
Total Non-Current Assets	134.408
(2) Current assets
(a) Current investments	0.000
(b) Inventories	321.800
(c) Trade receivables	358.834
(d) Cash and cash equivalents	23.032
(e) Short-term loans and advances	68.628
(f) Other current assets	26.230
Total Current Assets	798.524
TOTAL	932.932

SOURCES OF FUNDS		31.03.2012	31.03.2011
SHAREHOLDERS FUNDS
1] Share Capital		28.800	28.800
2] Share Application Money		0.000	0.000
3] Reserves & Surplus		234.652	221.827
4] (Accumulated Losses)		0.000	0.000
NETWORTH		263.452	250.627
LOAN FUNDS
1] Secured Loans		501.270	463.187
2] Unsecured Loans		0.000	0.000
TOTAL BORROWING		501.270	463.187
DEFERRED TAX LIABILITIES		5.788	7.160
TOTAL		770.510	720.974
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		106.839	120.281
Capital work-in-progress		0.000	0.000
INVESTMENT		0.047	0.047
DEFERREX TAX ASSETS		0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	343.071	359.762
	Sundry Debtors	459.942	339.164
	Cash & Bank Balances	24.293	30.269
	Other Current Assets	25.635	23.754
	Other Non Current Assets	20.474	19.275
	Loans & Advances	86.013	89.408
Total Current Assets		959.428	861.632
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	239.408	197.978
	Other Current Liabilities	32.749	43.434
	Provisions	23.647	19.574
Total Current Liabilities		295.804	260.986
Net Current Assets		663.624	600.646
MISCELLANEOUS EXPENSES		0.000	0.000
TOTAL		770.510	720.974

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	1161.421	1416.271	1257.199
		Other Income	6.718	4.708	6.255
		TOTAL (A)	1168.139	1420.979	1263.454
Less	EXPENSES
		Cost of materials consumed	836.283	1013.328	972.127
		Purchases of stock-in-trade	6.476	5.659	2.271
		Changes in inventories of finished goods, work-in-progress and stock-in-trade	(4.089)	15.974	(45.530)
		Employee benefit expense	101.365	104.101	92.767
		Other Expenses	155.257	164.520	146.511
		Extraordinary Items	20.366	(2.058)	0.122
		Transfer from revaluation reserves	(0.226)	(0.225)	(0.225)
		TOTAL (B)	1115.432	1301.297	1168.043
Less	PROFIT / (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		52.707	119.682	95.411
Less	FINANCIAL EXPENSES (D)		76.665	76.115	65.379
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		(23.958)	43.567	30.032
Less/ Add	DEPRECIATION/ AMORTISATION (F)		14.957	15.456	15.066
	PROFIT / (LOSS) BEFORE TAX (E-F) (G)		(38.915)	28.111	14.966
Less	TAX (H)		(10.864)	9.998	5.222
	PROFIT / (LOSS) AFTER TAX (G-H) (I)		(28.051)	18.113	9.744
Less	APPROPRIATIONS
		Proposed Dividend	NA	NA	2.880
		Tax on Dividend	NA	NA	0.467
	BALANCE CARRIED TO THE B/S		NA	NA	6.397
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	22.018	23.899	7.471
	IMPORTS
		Raw Materials	89.966	99.660	105.720
	TOTAL IMPORTS		89.966	99.660	105.72
	Earnings / (loss) Per Share (Rs.)		(9.74)	6.29	3.38

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	(2.40)	1.27	0.77
Net Profit Margin (PBT/Sales)	(%)	(3.35)	1.98	1.21
Return on Total Assets (PBT/Total Assets}	(%)	(4.20)	2.64	1.56
Return on Investment (ROI) (PBT/Networth)		(0.17)	0.11	0.06
Debt Equity Ratio (Total Debt/Networth)		1.89	1.90	1.85
Current Ratio (Current Asset/Current Liability)		1.16	3.24	3.31

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2013
	(Rs. In Millions)
Share Capital	28.800
Reserves & Surplus	206.374
Net worth	235.174
long-term borrowings	1.670
Short term borrowings	443.900
Total borrowings	445.570
Debt/Equity ratio	1.895

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	1257.199	1416.271	1161.421
		12.653	(17.994)

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	1257.199	1416.271	1161.421
Profit	9.744	18.113	(28.051)
	0.78%	1.28%	(2.42)%

LOCAL AGENCY FURTHER INFORMATION

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

PERFORMANCE OF COMPANY:

The performance of this year is not satisfactory for various reasons which inspite of best efforts of the management could not be controlled. The cable industry as a whole was subject t to severe recession owing to worldwide slowdown. The company achieved the Gross Sale of Rs.1270.752 Millions as compared to previous years Rs.1529.546 Millions. The decline in turnover was mainly due to low volume of order from power telecom railways infrastructure etc. Besides domestic demand was also not upto the mark. Some new produces like MCCB and modular switches were introduced in the end of the year and their impacts will be felt in the current year.

Due to lower sales realization, the gross profit margin remained under pressure. It has ultimately resulted in a net loss of Rs.28.051 Millions as compared to the profit of Rs.18.113 Millions of the previous year. The financial cost has cost has gone.

The Management is making strenuous efforts to control the cost, particularly in consumption of energy stores and spares etc. Ongoing efforts are there to reduce the financial and administrative expenses .The efforts are also beings made to increase the marketing strength as to achieve mad orders in the current year. Nevertheless, the company’s products have to face stiff competition.

OUTLOOK:

Indian Wire and Cable industry will be contributory in growth of industrial sector owing to huge investment in development of infrastructure by the government and private players. However, intense competition in markets and increasing cost of raw materials will be the challenging factors. The Company has coveted experience in manufacturing of wires and cables and competent to face the challenges. The Company is exploring the new markets in India and outside. The government has proposed huge investment in infrastructure, power and communication sectors, which may benefit the cable and wire industry. The Company expects better results in coming years under normal conditions.

CORPORATE INFORMATION:

Subject is a public company domiciled in India and incorporated under the provisions of the companies Act, 1956. Its shares are listed on BSE and NSE in India. The company has four manufacturing units located in Dharuhera, Najafgarh, Faridabad and Noida. The company is engaged in manufacturing and supplying of wires and cables. Delton prime supplier to the Power, Telecommunication, Railways, Steel and Mining sectors in India and has also firmly established itself in the International market.

UNSECURED LOAN

(Rs. In Millions)

	As on 31.03.2013
Long term borrowing
Deposit From dealer	0.835
Total	0.835
NOTE: Deposits from dealers before 31 03 2008 camas an interest @ 7% p a and repayable on cessation of business transactions with such dealer

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10425364	16/04/2013	64,000,000.00	THE FEDERAL BANK LIMITED	M 17,, CONNAUGHT CIRCUS, NEW DELHI, DELHI - 110001, INDIA	B75010165
2	10425388	16/04/2013	110,000,000.00	THE FEDERAL BANK LIMITED	M 17,, CONNAUGHT CIRCUS, NEW DELHI, DELHI - 110001, INDIA	B75018416
3	10410908	22/02/2013	188,000,000.00	PUNJAB NATIONAL BANK	MID CORPORATE BRANCH, A-9, CONNAUGHT PLACE, NEW DELHI, DELHI - 110001, INDIA	B70471156
4	10133366	27/11/2008	10,000,000.00	PUNJAB NATIONAL BANK	M C B, A-9, CONNAUGHT PLACE, NEW DELHI, DELHI - 110001, INDIA	A52338993
5	10123732	23/09/2008	25,000,000.00	PUNJAB NATIONAL BANK	MID CORPORATE BRANCH, A-9, CONNAUGHT PLACE, NEW DELHI, DELHI - 110001, INDIA	A46697454
6	90042986	19/11/2008 *	192,000,000.00	PUNJAB NATIONAL BANK	M C B, A-9, CONNAUGHT PLACE, NEW DELHI, DELHI - 110001, INDIA	A52338159
7	90064007	17/06/1998	34,500,000.00	THE FEDERAL BANK LIMITED	59/433; PADAM SINGH ROAD, GROUND FLOOR; KAROL BAGH, NEW DELHI, DELHI - 110005, INDIA	-
8	90041243	31/05/1994 *	17,500,000.00	ANDHRA BANK	CONNAUGHT CIRCUS, NEW DELHI, DELHI, INDIA	-
9	90040748	08/08/1990 *	25,500,000.00	ANDHRA BANK	CONNAUGHT CIRCUS, BAD FILE, NEW DELHI, DELHI, INDIA	-
10	90040679	30/07/2013 *	926,000,000.00	CANARA BANK (LEAD BANK)	PCB, CONNAUGHT PLACE, II FLOOR, WORLD TRADE TOWER, BARAKHAMBA LANE, NEW DELHI, DELHI - 110001, INDIA	B82978917

* Date of charge modification

FIXED ASSETS:

· Land

· Building

· Plant and machinery

· Office equipments

· Furniture and fixtures

· Motor vehicles

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

6] Records on Int’l Anti-Money Laundering Laws/Standards :

Charges or investigation registered against subject: None

7] Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

8] Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

9] Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

CONTRAVENTION

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.62.27
UK Pound	1	Rs.103.47
Euro	1	Rs.84.87

INFORMATION DETAILS

Report Prepared by :

KVT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	--
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	4
--RESERVES	1~10	4
--CREDIT LINES	1~10	4
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	YES
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		30

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.