.

MIRA INFORM REPORT

Report Date :

28.01.2014

IDENTIFICATION DETAILS

Name :	ASIAN COLOUR COATED ISPAT LIMITED
Registered Office :	405, Nirmal Tower, 26, Barakhamba Road, Connaught Place, New Delhi – 110001
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	02.02.2005
Com. Reg. No.:	55-132593
Capital Investment / Paid-up Capital :	Rs.435.404 Millions
CIN No.: [Company Identification No.]	U27105DL2005PLC132593
TAN No.: [Tax Deduction & Collection Account No.]	DELA15625B
PAN No.: [Permanent Account No.]	AAFCA1873K
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer of Galvanised and Pre-Painted Steel Products.
No. of Employees :	150 (Office + Factory) (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (50)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 31000000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having a satisfactory track record. Management of the company has not filed its latest financial of 2013 with the government department. As per previous year financial (i.e. 2012), the borrowing of the company seems to be increasing however general financial position of the company appears to be good. Trade relations are reported as fair. Business is active. Payments are reported to be usually correct and as per commitments. The company can be considered normal for business dealings at usual trade terms and conditions.

NOTES:

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – September 30, 2013

Country Name	Previous Rating (30.06.2013)	Current Rating (30.09.2013)
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 services sector, the largest contributor to India’s GDP, contracted for the sixth consecutive month in December, as orders dipped. However, hiring has risen.  Direct tax collections rose 12.3 % during the April – December period of the current financial year.  The government has decided to retain 100 per cent foreign direct investment in both greenfield (new) and brown field (existing) pharmaceutical companies, despite concerns over genetic drugs going out of production, if multi-national companies take over domestic ones. In M&A deals, a non compete clause would not be allowed, except in special circumstances. The Department of Industrial Policy and Promotion plans to release the next edition of its consolidated foreign direct investment policy document on March 31, incorporating changes made in the past year. DIPP compiles all policies related to India’s FDI regime into a single document to make it easy for investors to understand. 185 million estimated number of mobile internet users in India by June 2014, according to a report by the Internet & Mobile Association of India and IMRB International.  India had 110 million mobile internet users with 25 million in rural areas. $3.77 tn estimated global IT spending in 2014, according to research firm Gartner Inc. The growth forecast for this year is cut to 3.1 %from the earlier estimate of 3.5 %. The spending growth forecast for telecom services – a segment that accounts for more than 40 % at total IT spending – from 1.9 per cent to 1.2 per cent is the main reason for this overall IT cut. A Reserve Bank of India committee has recommended setting up a special category of lenders who would cater to small businesses and households, to expand the number of customers with access to banking services. These banks would focus on providing payment services and deposit products.  Indian banks want the free use of automated teller machines to be capped at five transactions in a month including that of the bank in which the account is active. This follows state government order to banks to install security guards at ATM booths after a woman banker was assaulted in Bangalore. The government is likely to present a vote on Account in mid-February. The annual Economic Survey will be tabled later in Parliament along with the full Budget. A full Budget for 2014/15 is likely to be present in July by the new government formed after the General Election. The government will soon launch an internet spy system, called Netra, to detect malafide messages. Security agency will deploy the system to capture dubious voice traffic on applications such as Skype and Google Talk, as well as tweeters.

EXTERNAL AGENCY RATING

Rating Agency Name	FITCH
Rating	Long Term IND: BBB-
Rating Explanation	Moderate degree of safety and carry moderate credit.
Date	April, 2012

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 :	405, Nirmal Tower, 26, Barakhamba Road, Connaught Place, New Delhi – 110001, India
Tel No.:	Not Available
Fax No.:	Not Available
E-Mail :	accil.roc@gmail.com marketing@accil.info commercial@accil.info hrd@accil.info
Website :	http://www.accil.info
Corporate Office :	“ACCIL House”, 26P, Sector – 33, Gurgaon, Haryana, India
Tel. No.:	91-124-4516200
Fax No.:	91-124-2808050
E-Mail :	accil@accil.info
Factory :	7 -12, Sector – 6, Bawal, District : Rewari, Haryana, India
Tel. No.:	91-1284-264300/03
Fax No.:	91-1284-264298

DIRECTORS

(AS ON 29.09.2012)

Name :	Mr. Ram Kumar Aggarwal
Designation :	Director
Address :	1380, Sector 37, Faridabad-122001, Haryana, India
Date of Birth/Age :	23.03.1945
Date of Appointment :	02.02.2005
PAN No.:	ADRPA7342P
DIN No.:	00013145

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	U74899DL1992PTC050675	AGR STEEL STRIPS PRIVATE LIMITED	Director	10/03/2000	10/03/2000	Active	NO
2	U27105DL2005PLC132593	ASIAN COLOUR COATED ISPAT LIMITED	Director	02/02/2005	02/02/2005	Active	NO
3	U70109DL2006PTC154880	SHIVIJ INFRASTRUCTURE AND PROJECTS PRIVATE LIMITED	Additional director	18/08/2007	18/08/2007	Active	NO
4	U55101DL2003PLC121747	ACCIL HOSPITALITY LIMITED	Director	01/10/2008	01/10/2008	Active	NO
5	U45201DL2005PTC134485	NAYMAL REALTORS PRIVATE LIMITED	Additional director	30/03/2009	30/03/2009	Active	NO
6	U74120DL2008PTC185348	AAGMAN TECHNO CONSULTANTS PRIVATE LIMITED	Additional director	10/07/2009	10/07/2009	Active	NO
7	U74140DL2008PTC185622	CHIRANJIV COMMERCIAL CONSULTANTS PRIVATE LIMITED	Additional director	10/07/2009	10/07/2009	Active	NO
8	U27100DL2010PLC203808	ACCIL ISPAT AND POWER LIMITED	Director	08/06/2010	08/06/2010	Active	NO
9	U70200DL2008PTC185516	LOCUS INFRASTRUCTURE PRIVATE LIMITED	Additional director	14/07/2010	14/07/2010	Active	NO
10	U51397DL2008PTC185375	AAGMAN IMPEX PRIVATE LIMITED	Additional director	15/07/2010	15/07/2010	Active	NO
11	U45400DL2008PTC184950	MAHARAJA INFRATECH PRIVATE LIMITED	Additional director	15/07/2010	15/07/2010	Active	NO
12	U65999RJ1991PLC029752	ACCIL CORPORATION LIMITED	Additional director	09/08/2010	09/08/2010	Active	NO
13	U55101DL2011PLC216868	ACCIL HOTELS AND RESORTS LIMITED	Director	01/04/2011	01/04/2011	Active	NO
14	U28999DL1975PLC007879	ACCIL STEELS LIMITED	Director	25/09/2012	20/03/2012	Active	NO

Name :	Mr. Pradeep Aggarwal
Designation :	Director
Address :	1380, Sector 37, Faridabad-122001, Haryana, India
Date of Birth/Age :	28.10.1970
Date of Appointment :	02.02.2005
PAN No.:	AAGPA9350D
DIN No.:	00013159

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	U74899DL1992PTC050675	AGR STEEL STRIPS PRIVATE LIMITED	Director	10/03/2000	10/03/2000	-	Active	NO
2	U27105DL2005PLC132593	ASIAN COLOUR COATED ISPAT LIMITED	Director	02/02/2005	02/02/2005	-	Active	NO
3	U55101DL2003PLC121747	ACCIL HOSPITALITY LIMITED	Managing director	01/04/2011	01/10/2008	-	Active	NO
4	U45201DL2006PTC146895	EXPERT TOWNSHIP PRIVATE LIMITED	Director	29/09/2009	26/12/2008	-	Active	NO
5	U74140DL2008PTC185366	BHAGIRATH CORPORATE ADVISOR PRIVATE LIMITED	Additional director	10/07/2009	10/07/2009	-	Active	NO
6	U51909DL2008PTC185426	GIROMANI EXIM PRIVATE LIMITED	Additional director	10/07/2009	10/07/2009	-	Active	NO
7	U93000DL2009PTC196542	PARSHAVNATH MEDIA PRIVATE LIMITED	Additional director	15/03/2010	15/03/2010	-	Active	NO
8	U27100DL2010PLC203808	ACCIL ISPAT AND POWER LIMITED	Director	08/06/2010	08/06/2010	-	Active	NO
9	U45400DL2008PTC172770	VIABLE ANALYTICAL TECHNOLOGY PRIVATE LIMITED	Additional director	15/07/2010	15/07/2010	-	Active	NO
10	U01119DL2008PTC185382	OSCAR AGRICULTURE PRIVATE LIMITED	Additional director	15/07/2010	15/07/2010	-	Active	NO
11	U63090DL2008PTC172321	HOME COZINESS TOURS AND TRAVELS PRIVATE LIMITED	Additional director	16/07/2010	16/07/2010	-	Active	NO
12	U65999RJ1991PLC029752	ACCIL CORPORATION LIMITED	Managing director	01/04/2011	09/08/2010	-	Active	NO
13	U72900DL2009PTC195974	ORCHID INFO SOLUTION PRIVATE LIMITED	Additional director	10/08/2010	10/08/2010	25/08/2011	Active	NO
14	U72300DL2009PTC195777	KARNAK INFOTECH PRIVATE LIMITED	Additional director	10/08/2010	10/08/2010	-	Active	NO
15	U55101DL2011PLC216868	ACCIL HOTELS AND RESORTS LIMITED	Director	01/04/2011	01/04/2011	-	Active	NO
16	U51909DL2009PTC195872	TEASEL IMPEX PRIVATE LIMITED	Director	27/09/2011	05/08/2011	-	Active	NO
17	U72300DL2009PTC196040	SAKURA INFO SOLUTION PRIVATE LIMITED	Director	29/09/2011	05/08/2011	-	Active	NO
18	U52390DL2009PTC195733	KARNAK TRADERS PRIVATE LIMITED	Director	27/09/2011	05/08/2011	-	Active	NO
19	U51909DL2009PTC195874	AMY TRADERS PRIVATE LIMITED	Director	27/09/2011	05/08/2011	-	Active	NO
20	U55101DL2011PLC224155	ACCIL INTERNATIONAL TOURISM LIMITED.	Director	25/08/2011	25/08/2011	-	Active	NO
21	U45201DL2005PTC134485	NAYMAL REALTORS PRIVATE LIMITED	Director	27/09/2012	15/10/2011	-	Active	NO
22	U28999DL1975PLC007879	ACCIL Steels Limited	Director	25/09/2012	20/01/2012	-	Active	NO
23	U27100DL2012PTC243396	ACCIL AUTO STEELS PRIVATE LIMITED	Director	09/10/2012	09/10/2012	-	Active	NO
24	U27100DL2012PTC243442	ACCIL STEEL AND TUBES PRIVATE LIMITED	Director	10/10/2012	10/10/2012	-	Active	NO

Name :	Mr. Vikas Aggarwal
Designation :	Director
Address :	1380, Sector 37, Faridabad-122001, Haryana, India
Date of Birth/Age :	14.05.1972
Date of Appointment :	02.02.2005
PAN No.:	AAHPA0815G
DIN No.:	00014631

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	U74899DL1992PTC050675	AGR STEEL STRIPS PRIVATE LIMITED	Director	08/02/2000	08/02/2000	-	Active	NO
2	U27105DL2005PLC132593	ASIAN COLOUR COATED ISPAT LIMITED	Managing director	01/04/2011	02/02/2005	-	Active	NO
3	U55101DL2003PLC121747	ACCIL HOSPITALITY LIMITED	Director	01/10/2008	01/10/2008	-	Active	NO
4	U45201DL2006PTC146895	EXPERT TOWNSHIP PRIVATE LIMITED	Director	29/09/2009	26/12/2008	-	Active	NO
5	U93030DL2008PTC185351	MOKSH LOGISTICS PRIVATE LIMITED	Additional director	10/07/2009	10/07/2009	-	Active	NO
6	U52300DL2008PTC185408	JAIVEER TRADE LINKS PRIVATE LIMITED	Director	25/09/2009	10/07/2009	-	Active	NO
7	U93000DL2009PTC196542	PARSHAVNATH MEDIA PRIVATE LIMITED	Additional director	15/03/2010	15/03/2010	-	Active	NO
8	U27100DL2010PLC203808	ACCIL ISPAT AND POWER LIMITED	Director	08/06/2010	08/06/2010	-	Active	NO
9	U74140DL2008PTC181877	NILE COMMERCIAL CONSULTANTS PRIVATE LIMITED	Additional director	14/07/2010	14/07/2010	-	Active	NO
10	U17121DL2008PTC181697	FUN VISION FABRIC PRIVATE LIMITED	Additional director	16/07/2010	16/07/2010	-	Active	NO
11	U74140DL2008PTC181924	U&I CONSULTANTS PRIVATE LIMITED	Additional director	16/07/2010	16/07/2010	-	Active	NO
12	U65999RJ1991PLC029752	ACCIL CORPORATION LIMITED	Additional director	09/08/2010	09/08/2010	-	Active	NO
13	U72900DL2009PTC195974	ORCHID INFO SOLUTION PRIVATE LIMITED	Additional director	10/08/2010	10/08/2010	25/08/2011	Active	NO
14	U72300DL2009PTC195777	KARNAK INFOTECH PRIVATE LIMITED	Additional director	10/08/2010	10/08/2010	-	Active	NO
15	U55101DL2011PLC216868	ACCIL HOTELS AND RESORTS LIMITED	Director	01/04/2011	01/04/2011	-	Active	NO
16	U72300DL2009PTC196040	SAKURA INFO SOLUTION PRIVATE LIMITED	Director	29/09/2011	05/08/2011	-	Active	NO
17	U70102DL2009PTC191138	RHONE ASSOCIATES PRIVATE LIMITED	Director	27/09/2011	05/08/2011	-	Active	NO
18	U65923DL2009PTC195788	ORCHID ASSOCIATES PRIVATE LIMITED	Director	27/09/2011	05/08/2011	-	Active	NO
19	U65191DL2009PTC195876	ADRENT ASSOCIATES PRIVATE LIMITED	Director	27/09/2011	05/08/2011	-	Active	NO
20	U55101DL2011PLC224155	ACCIL INTERNATIONAL TOURISM LIMITED.	Director	25/08/2011	25/08/2011	-	Active	NO
21	U45201DL2005PTC134485	NAYMAL REALTORS PRIVATE LIMITED	Director	27/09/2012	15/10/2011	-	Active	NO
22	U72200DL2005PTC142789	B.N. COMPUTERS PRIVATE LIMITED	Additional director	01/12/2011	01/12/2011	-	Active	NO
23	U28999DL1975PLC007879	ACCIL STEELS LIMITED	Director	25/09/2012	20/01/2012	-	Active	NO
24	U27100DL2012PTC243396	ACCIL AUTO STEELS PRIVATE LIMITED	Director	09/10/2012	09/10/2012	-	Active	NO
25	U27100DL2012PTC243442	ACCIL STEEL AND TUBES PRIVATE LIMITED	Director	10/10/2012	10/10/2012	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Rajesh Jain
Designation :	Chief Executive Officer

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

(AS ON 29.09.2012)

Names of Shareholders	No. of Shares
Archna Aggarwal	851600
AGR Steel Stripes Private Limited	5838400
BDG Portfoils Private Limited	16666
Kamlesh Devi Aggarwal	1293600
Pradeep Aggarwal	2145600
Ram Kumar Aggarwal	770100
Sapna Aggarwal	965000
Vikas Aggarwal	1817600
Aagam Techno Consultants Private Limited	1472500
Bhagirath Corporate Advisors Private Limited	1790000
Chiranjiv Commercial Consultants Private Limited	1679500
Giromani Exim Private Limited	2018500
Jaiveer Trade Links Private Limited	1613500
Moksh Logistics Private Limited	1579000
Shivij Infrastructure and Projects Private Limited	330000
Ankit Infoweb Private Limited, India	1969764
TTJ Impex Private Limited	3028499
Proactive Telecommunication Private Limited	405073
Ujval Networks Private Limited	419475
Jeet Collections Private Limited	636765
Morgan Tradex Private Limited, India	1063247
Inventive Bio Energy Solution Private Limited	489470
ATJ Impex Private Limited	619590
Coral Impex Private Limited	639800
Ebonics Consultancy Services Private Limited	317547
Keshav Consultancy Services Private Limited	117000
Nirvana Lifestyles Private Limited	454725
Nitya Infotech Private Limited	693900
Hermes Education Solutions Private Limited	10000
Regal Tradelink Private Limited	330000
ARTSY Infrastructure and Projects Private Limited	271425
Sanchi Infratech Private Limited	642855
Clubseven Consultants Private Limited	857140
Combiseven Consultants Private Limited	1220000
Gloria Commercial Consultancy Services Private Limited, India	82850
Montree E Services Private Limited, India	214285
Moonlight Consultancy Private Limited, India	208570
Navjay Consultants Private limited, India	474285
Shrumdeep Consultants Limited, India	1514285
Splendaor Constructions Private Limited, India	1071425
Hove Estates Private Limited, India	18727
A J Management Info Services Private Limited, India	11088040
TOTAL	53040308

(AS ON 29.06.2013)

Names of Allottee	No. of Shares Allotted
Hove Estates Private Limited, India	2554285
Ultimate Investofin Limited, India	1577142
Total	4131427

(AS ON 29.03.2013)

Names of Allottee	No. of Shares Allotted
Radhey Tradecom Private Limited, India	1168570
Jeet Tradelink Private Limited, India	648570
Rite Choice E-Services Private Limited, India	540000
Seven Associates Consultants Limited, India	611420
Navjay Consultants Private limited, India	1254285
Shrumdeep Consultants Limited, India	1231425
Sunbeam Trade Links Private Limited, India	285710
A J Management Info Services Private Limited, India	2571425
Ankit Infoweb Private Limited, India	42850
Grand View Realtors Limited, India	357140
Hove Estates Private Limited, India	2800000
Milers Consultants Limited, India	285700
Moonlight Consultancy Private Limited, India	571425
Splendaor Constructions Private Limited, India	617140
Suvi Consultants and Engineering Private Limited, India	142850
Total	13128510

(AS ON 10.12.2012)

Names of Allottee	No. of Shares Allotted
Morgan Tradex Private Limited, India	285710
A. R. Overseas Links Private Limited, India	57000
Advance Agencies Private Limited, India	385710
Amiraj Consultants Private Limited, India	142850
Astha Management Services Private Limited, India	242850
Barren Properties Private Limited, India	242850
Bavin Consultants Private Limited, India	242850
Radhey Tradecom Private Limited, India	574285
Rite Choice E-Services Private Limited, India	1028570
Sunbeam Trade Links Private Limited, India	685710
Coral Impex Private Limited, India	100000
Seven Associates Consultants Limited, India	1785710
Gloria commercial Consultancy Services Private Limited, India	11420
Monetree E Services Private Limited, India	771425
Jingle Consultancy Services Private Limited, India	214285
Logas Impex Private Limited, India	185700
Total	6956925

(AS ON 30.09.2012)

Equity Shares Break – up

Category	Percentage
Bodies Corporate	85.21
Directors or relatives of Directors	14.79
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Galvanised and Pre-Painted Steel Products.

Products :

· Cold Rolled Coils/Sheets (Full Hard)

· Galvanised Plain Coils/Sheets

· Galvanised Corrugated Sheets

· Colour Coated Coils/Sheets

Products Description	Item Code No.
HR Slit	72089000
C R Strips	72099000
Galvanised	72104900
Colour Coated	72107000
Scraps	72041000

GENERAL INFORMATION

No. of Employees :

150 ( Office + Factory) (Approximately)

Bankers :

· Bank of Baroda (Security Trustee)

CFS Branch, 1^st Floor, BOB Building, 16 Parliament Street, New Delhi – 110001, India

· Axis Bank Limited

4/10, OPG House, Asaf Ali Road, New Delhi - 110002, India

· State Bank of Patiala (Lead Bank)

Commercial Branch, Chandralok Building, 36, Janpath, New Delhi – 110001, India

· State Bank of Mysore

3, 4 and 5, DDA Building, Nehru Place, New Delhi – 110001, India

Facilities :

Secured Loans	31.03.2012 (Rs. In Millions)
Long Term Borrowings
Rupee term loans from banks (Charge on all present and future fixed assets, all movable and immovable properties and corporate guarantee)	5828.166
Loans taken for Vehicles (Hypothecation of Vehicles)	29.427
Short Term Borrowings
Working capital loans from banks (Equitable Charge on Raw Material, Stores, WIP, Bills Receivables etc.)	7369.358
Total

Secured Loan	31.03.2011 (Rs. In Millions)
Rupee term loans secured
Rupee term loans banks secured	3135.474
Loans taken for fixed assets secured
Loans taken for vehicles secured	7.073
Other debt secured	5561.611
Total	8704.158

Banking Relations :	--
Auditors :
Name :	Anil Saransh and Company Chartered Accountant
Address :	FF-46, Narayan Place, Mangal Bazar Road, Laxmi Nagar, Delhi-110092, India
PAN No.:	AANPM8727B
Associates :	· ACCIL Hotels and Resorts Limited · AGR Steel Strips Private Limited · Ultimate Slitters Private Limited · ACCIL International Tourism Limited · Metal Trading Company

CAPITAL STRUCTURE

(AS ON 29.09.2012)

Authorised Capital :

No. of Shares	Type	Value	Amount
80000000	Equity Shares	Rs.10/- each	Rs.800.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
77257170	Equity Shares	Rs.10/- each	Rs.772.572 Millions

(AS ON 31.03.2012)

Authorised Capital :

No. of Shares	Type	Value	Amount
50000000	Equity Shares	Rs.10/- each	Rs.500.000 Millions

Issued, Subscribed & Paid-up Capital:

No. of Shares	Type	Value	Amount
43540358	Equity Shares	Rs.10/- each	Rs.435.404 Millions

FINANCIAL DATA

[All figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2012
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	435.404
(b) Reserves & Surplus	6984.500
(c) Money received against share warrants	0.000
(2) Share Application money pending allotment	307.005
Total Shareholders’ Funds (1)+(2)	7726.909
(3) Non-Current Liabilities
(a) long-term borrowings	6197.593
(b) Deferred tax liabilities (Net)	56.226
(c) Other long term liabilities	96.031
(d) long-term provisions	0.000
Total Non-current Liabilities (3)	6349.850
(4) Current Liabilities
(a) Short term borrowings	7369.358
(b) Trade payables	228.812
(c) Other current liabilities	463.848
(d) Short-term provisions	0.000
Total Current Liabilities (4)	8062.018
TOTAL	22138.777
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	1967.919
(ii) Intangible Assets	9362.632
(iii) Capital work-in-progress	0.000
(iv) Intangible assets under development	0.000
(b) Non-current Investments	61.464
(c) Deferred tax assets (net)	0.000
(d) Long-term Loan and Advances	24.964
(e) Other Non-current assets	0.233
Total Non-Current Assets	11417.212
(2) Current assets
(a) Current investments	3.274
(b) Inventories	4756.405
(c) Trade receivables	5355.019
(d) Cash and cash equivalents	420.226
(e) Short-term loans and advances	158.235
(f) Other current assets	28.406
Total Current Assets	10721.565
TOTAL	22138.777

SOURCES OF FUNDS		31.03.2011	31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		401.205	307.732
2] Share Application Money		348.620	449.850
3] Reserves & Surplus		4866.011	3022.383
4] (Accumulated Losses)		0.000	0.000
NETWORTH		5615.836	3779.965
LOAN FUNDS
1] Secured Loans		8704.158	5427.996
2] Unsecured Loans		100.000	100.000
TOTAL BORROWING		8804.158	5527.996
DEFERRED TAX LIABILITIES		65.086	63.915
TOTAL		14485.080	9371.876
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1365.161	1507.728
Capital work-in-progress		5202.168	340.353
Advance Against Capital Goods		0.000	1027.857
INVESTMENT		51.041	27.498
DEFERREX TAX ASSETS		0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	3101.694	2610.835
	Sundry Debtors	4380.455	3559.404
	Cash & Bank Balances	408.435	220.582
	Other Current Assets	0.000	0.000
	Loans & Advances	250.229	269.165
Total Current Assets		8140.813	6659.986
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	134.134	80.741
	Other Current Liabilities	140.249	111.132
	Provisions	0.000	0.000
Total Current Liabilities		274.383	191.873
Net Current Assets		7866.430	6468.113
MISCELLANEOUS EXPENSES		0.280	0.327
TOTAL		14485.080	9371.876

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income	17422.588	17474.845	14112.145
		Other Income	37.648	172.690	133.131
		TOTAL (A)	17460.236	17647.535	14245.276
Less	EXPENSES
		Consumption Materials Changes Inventories	--	13258.180	10894.094
		Manufacturing Expenses	--	1838.343	1580.839
		Administrative and Selling Expenses	--	174.410	77.997
		Personal Expenses	--	0.000	39.417
		Employees Related Expenses	60.071	47.741	0.000
		Increase in Finished Stock and work in progress	(630.461)	0.000	(362.916)
		Cost of Materials Consumed	14529.858
		Other Expenses	784.525	--	--
		Exceptional Items	0.031	--	--
		TOTAL (B)	14744.024	15318.674	12229.431
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		2716.212	2328.861	2015.845
Less	FINANCIAL EXPENSES (D)		776.340	624.836	569.773
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		1939.872	1704.025	1446.072
Less/ Add	DEPRECIATION/ AMORTISATION (F)		217.955	184.246	180.091
	PROFIT BEFORE TAX (E-F) (G)		1721.917	1519.779	1265.981
Less	TAX (H)		556.742	517.408	430.895
	PROFIT AFTER TAX (G-H) (I)		1165.175	1002.371	835.086
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		NA	2089.047	1253.961
	BALANCE CARRIED TO THE B/S		NA	3091.418	2089.047
	Earnings Per Share (Rs.)		27.00	24.98	27.13

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	6.67	5.68	5.86
Net Profit Margin (PBT/Sales)	(%)	9.88	8.70	8.97
Return on Total Assets (PBT/Total Assets}	(%)	8.96	15.99	15.50
Return on Investment (ROI) (PBT/Networth)		0.22	0.27	0.33
Debt Equity Ratio (Total Debt/Networth)		1.76	1.63	1.51
Current Ratio (Current Asset/Current Liability)		1.33	29.67	34.71

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	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	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

UNSECURED LOANS

Particulars	31.03.2012 (Rs. In Millions)
Long Term Borrowings
Loans and Advances from Related Parties	340.000
Total	340.000

Particulars	31.03.2011 (Rs. In Millions)
Other debt unsecured	100.000
Total	100.000

FINANCIAL RESULT:

During the year the working result of the company shows sales and other income of Rs.17460.237 Millions and profit after tax during the period is Rs.1165.175 Millions.

NOTE

The Registered office of the company has been shifted from 403, Nirmal Tower, 26, Barakhamba Road, Connaught Place, New Delhi – 110001, India to the present address w.e.f. 16.07.2012

CONTINGENT LIABILITIES

Contingent Liabilities not provided for:

1. Estimated amount of contracts remaining to be executed on capital account and not provided for (Net of advance paid) Rs.3731.200 Millions. (Previous Year Rs.2016.000 Millions).

2. Custom duty amount on imported capital goods against EPCG license is Rs.276.000 Millions (Previous Year Rs.102.900 Millions).

INDEX OF CHARGES:

S.No.	Charge ID	Date of Charge Creation/ Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10468014	03/12/2013	24,200,000,000.00	BANK OF BARODA (SECURITY TRUSTEE)	CFS BRANCH, 1ST FLOOR, BOB BUILDING, 16, PARLIAMENT STREET, NEW DELHI, DELHI - 110001, INDIA	B92657790
2	10453855	10/10/2013	2,150,000,000.00	STATE BANK OF HYDERABAD	COMMERCIAL BRANCH, 74, JANPATH , NEW DELHI, 110001, INDIA	B87036299
3	10456432	05/09/2013	2,000,000,000.00		PRIME CORPORATE BRANCH - II, CONNAUGHT PLACE, 2ND FLOOR, WORLD TRADE TOWER, BARAKHAMBA ROAD, NEW DELHI, DELHI - 110001, INDIA	B88105085
4	10447317	16/08/2013	900,000,000.00	STATE BANK OF BIKANER AND JAIPUR	101-102, NEW DELHI HOUSE, 27, BARAKHAMBA ROAD, NEW DELHI, 110001, INDIA	B84177955
5	10446319	07/08/2013	900,000,000.00	KARNATAKA BANK LIMITED	SCO-21 GROUND FLOOR, SECTOR-14, GURGAON, HARYANA - 122001, INDIA	B83676114
6	10450015	03/08/2013	100,000,000.00	BANK OF BARODA	CORPORATE FINANCIAL SERVICES BRANCH, BOB BUILDING, GF,16, SANSAD MARG, NEW DELHI, DELHI - 110001, INDIA	B85369916
7	10437782	27/06/2013	3,080,000,000.00	IL & FS TRUST COMPANY LIMITED	IL & FS FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRA, KURLA COMPLEX BANDRA EAST, MUMBAI, MAHARASHTRA - 400051, INDIA	B80024946
8	10437036	21/06/2013	3,350,000,000.00	STATE BANK OF PATIALA	COMMERCIAL BRANCH, 2^ND FLOOR, CHANDRALOK BUILDING, 36, JANPATH, NEW DELHI, 110001, INDIA	B79698841
9	10386111	03/12/2013 *	24,200,000,000.00	STATE BANK OF MYSORE	3,4 & 5, DDA BUILDING, NEHRU PLACE, NEW DELHI, DELHI - 110001, INDIA	B92356443
10	10372110	05/12/2013 *	24,200,000,000.00	STATE BANK OF PATIALA (LEAD BANK)	COMMERCIAL BRANCH, CHANDRALOK BUILDING, 36, JANPATH, NEW DELHI, DELHI - 110001, INDIA	B92515477
11	10370531	09/11/2012 *	1,385,000,000.00	BANK OF BARODA	CORPORATE FINANCIAL SERVICES (LARGE CORPORATE) BR., BOB BUILDING, GROUND FLOOR, 16, SANSAD MARG, NEW DELHI, DELHI - 110001, INDIA	B65028953
12	10364741	15/06/2012	1,000,000,000.00	DENA BANK	CORPORATE BUSINESS BRANCH, E-13/29, G.F. HARSHA BHAWAN, NEW DELHI - 110001, INDIA	B43294818
13	10354910	01/05/2012	200,000,000.00	THE NAINITAL BANK LIMITED	G B PANT ROADNAINITAL, NAINITAL, UTTARANCHAL, UTTAR PRADESH - 263001, INDIA	B39390695
14	10354909	13/04/2012	2,810,000,000.00	UNION BANK OF INDIA	M-11, MIDDLE CIRCLE, CONNAUGHT CIRCUS, NEW DELHI, DELHI - 110001, INDIA	B39390349
15	10344146	28/03/2012	767,289,000.00	IDBI BANK LIMITED	DIFC CORPORATE BANKING BRANCH, P.O. BOX NO. 506805, LEVEL-3, GATE VILLAGE-5,, DUBAI, - 3371500, UNITED ARAB EMIRATES	B35783166
16	10339743	01/03/2012	2,390,000,000.00	STATE BANK OF INDIA	JAWAHAR VYAPAR BHAWAN, 11TH & 12TH FLOOR, 1, TOLS TOY MARG, NEW DELHI, DELHI - 110001, INDIA	B33939307
17	10339512	07/02/2012	4,794,500.00	ICICI BANK LIMITED	LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA	B33838004
18	10331396	24/09/2013 *	1,220,000,000.00	STATE BANK OF MYSORE	3,4 & 5, DDA BUILDING, NEHRU PLACE, NEW DELHI, DELHI - 110019, INDIA	B85560266
19	10324985	26/12/2011	660,000,000.00	BANK OF BARODA	CORPORATE FINANCIAL SERVICES BRANCH, 11TH FLOOR, BOB BUILDING, 16, SANSAD MARG, NEW DELHI, DELHI - 110001, INDIA	B28506798
20	10313949	29/10/2011	1,850,000,000.00	STATE BANK OF PATIALA	COMMERCIAL BRANCH, CHANDRALOK BUILDING, 36, JANPATH , NEW DELHI, DELHI - 110001, INDIA	B23845050
21	10436249	19/10/2011	3,000,000,000.00	CORPORATION BANK INDUSTRIAL FINANCE BRANCH	H.T. BUILDING, 10TH FLOOR, 18/20, K.G. MARG, CONNAUGHT PLACE, DELHI - 110001, INDIA	B73680365
22	10306876	19/08/2011	2,208,000,000.00	BANK OF BARODA	DEIRA BRANCH, PO BOX 5107, KUWAIT BUILDING, PLOT NO 45, , BAINIYAS ROAD, DUBAI UAE, DUBAI, - 000971, UNITED ARAB EMIRATES	B20817722
23	10281668	20/12/2011 *	3,380,000,000.00	STATE BANK OF MYSORE (AS SECURITY TRUSTEE)	3,4 & 5, DDA BUILDING,, NEHRU PLACE, NEW DELHI, DELHI - 110001, INDIA	B30631246
24	10262446	21/12/2010	810,000,000.00	AXIS BANK	AL-FATTAN CURRENCY HOUSE BUILDING, DFIC, DUBAI - 506593, UNITED ARAB EMIRATES	B03303435
25	10218397	29/09/2010 *	4,530,000,000.00	BANK OF BARODA	CORPORATE FINANCIAL SERVICES (LARGE CORPORATE) BR, BANK OF BARODA BUILDING, 16, SANSAD MARG, NEW DELHI, 110001, INDIA	A97273551
26	10207646	07/04/2011 *	5,850,000,000.00	STATE BANK OF PATIALA (LEAD BANK)	COMMERCIAL BRANCH, CHANDRALOK BUILDING, 36, JANPATH, NEW DELHI, DELHI - 110001, INDIA	B12498150
27	10248682	20/11/2009	969,750,000.00	BANK OF BARODA	DEIRA BRANCH, PO BOX 5107, KUWAIT BUILDING, PLOT NO 45, BAINIYAS ROAD, DUBAI UAE, DUBAI, - 000971, UNITED ARAB EMIRATES	A97494439
28	10173187	27/08/2009	600,000,000.00	UCO BANK	MID CORPORATE BRANCH, 5, SANSAD MARG, NEW DELHI, DELHI - 110001, INDIA	A68645712
29	10162302	15/03/2011 *	5,850,000,000.00	STATE BANK OF MYSORE	3,4 & 5, DDA BUILDING,, NEHRU PLACE, NEW DELHI, DELHI - 110001, INDIA	B11073590
30	10108113	28/03/2008	65,000,000.00	INDIAN OVERSEAS BANK	TOLSTOY MARG, NEW DELHI, DELHI - 110001, INDIA	A40055097
31	10086337	14/01/2008	150,000,000.00	STATE BANK OF INDORE	M-47, CONNUGHT CIRCUS, NEW DELHI, DELHI - 110001, INDIA	A31510621
32	10081403	13/12/2007	899,700,000.00	STATE BANK OF PATIALA	COMMERCIAL BUILDING, CHANDRALOK BUILDING, JANPAT H, NEW DELHI, DELHI - 110001, INDIA	A29522612
33	10178498	10/12/2007	100,000,000.00	KARNATAKA BANK LIMITED	SCO 143 SECTOR 21C, FARIDABAD, FARIDABAD, HARYANA - 121002, INDIA	A61714408
34	10010633	11/10/2006 *	899,700,000.00	STATE BANK OF MYSORE	3 4 & 5, DDA BUILDING, NEHRU PLACE, NEW DELHI - 110019, INDIA	A01174416

* Date of charge modification

FIXED ASSETS:

· Land

· Building

· Plant and Machineries

· Vehicles

· Furniture and Fixtures

· Computers

· Office Equipments

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.62.18
UK Pound	1	Rs.103.38
Euro	1	Rs.85.09

INFORMATION DETAILS

Report Prepared by :

NIT

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
--PROFITABILIRY	1~10	4
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	6
--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	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		46

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.