1. Summary Information

		Country	India
Company Name	GUPTA MACHINE TOOLS LIMITED	Principal Name 1	Mr. Mohan Gupta
Status	Satisfactory	Principal Name 2	Mr. Harsh Gupta
		Registration #	21-021880
Street Address	122 Avenue South, Santoshpur Flat No. B Ground Floor, Kolkata – 700 075, West Bengal, India
Established Date	28.09.1954	SIC Code	--
Telephone#	91-129-2233784	Business Style 1	Manufacturer
Fax #	91-129-2233628	Business Style 2	Exporter
Homepage	--	Product Name 1	Electronic Stampings
# of employees	Not Divulged	Product Name 2	-
Paid up capital	Rs.80,000,000/-	Product Name 3	--
Shareholders	Bodies corporate -07.97% Directors or relatives of Directors – 92.03%	Banking	Canara Bank
Public Limited Corp.	No	Business Period	60 years
IPO	No	International Ins.	-
Public Enterprise	No	Rating	Ba (48)
Related Company
Relation	Country --	Company Name	CEO
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2013		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	357,758,000	Current Liabilities	290,851,000
Inventories	307,944,000	Long-term Liabilities	150,380,000
Fixed Assets	475,748,000	Other Liabilities	36,432,000
Deferred Assets	0,000	Total Liabilities	477,663,000
Invest& other Assets	17,649,000	Retained Earnings	631,436,000
		Net Worth	681,436,000
Total Assets	1,159,099,000	Total Liab. & Equity	1,159,099,000
Total Assets (Previous Year)	869,393,000
P/L Statement as of	31.03.2013		(Unit: Indian Rs.)
Sales	1,683,553,000	Net Profit	119,587,000
Sales(Previous yr)	1,610,832,000	Net Profit(Prev.yr)	116,909,000

MIRA INFORM REPORT

Report Date :

01.07.2014

IDENTIFICATION DETAILS

Name :	GUPTA MACHINE TOOLS LIMITED
Registered Office :	122 Avenue South, Santoshpur Flat No. B Ground Floor, Kolkata – 700 075, West Bengal
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	28.09.1954
Com. Reg. No.:	21 – 021880
Capital Investment / Paid-up Capital :	Rs. 80.000 Millions
CIN No.: [Company Identification No.]	U34300WB1954PLC021880
TAN No.: [Tax Deduction & Collection Account No.]	RTKP03265D RTKP02223E CALG00596B
PAN No.: [Permanent Account No.]	AABCG0676Q
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer, Exporter, Importer and Trader of Electronic Stampings.
No. of Employees :	Not divulged

RATING & COMMENTS

MIRA’s Rating :

Ba (48)

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

Maximum Credit Limit :	USD 2726000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track record. Overall financial position of the company is decent. Trade relations are reported to be fair. Business is active. Payments are reported to be usually correct. The company can be considered for business dealing 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 – March 31, 2014

Country Name	Previous Rating (31.12.2013)	Current Rating (31.03.2014)
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

N E W S

The economy grew 4.7 %in 2013/14, marking a second straight year of sub-5 % growth – the worst slowdown in more than a quarter of a century. The data was below an official estimate of 4.9 % annual growth and compared with 4.5 % in the last fiscal year. However, the current account deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic product, in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year before.A sharp fall in gold imports due to restrictions on overseas purchases and muted import of capital goods helped shrink the current account deficit.

Online retailer Flipkart has acquired fashion portal Myntra as it prepares to battle with the rapidly expanding India arm of the global e-commerce giant Amazon. The company raised $ 210 million from Russian Investment firm DST Global which has also invested in companies like Facebook, Twitter and Alibaba Group.

General Motors will start exporting vehicles from its Talegaon plant near Pune in the second half of 2014. GM was one of the few global carmakers that was using its India plant only for the domestic market.

Google has overtaken Apple as the world’s top brand in terms of value, according to global market research agency Millward Brown. Google’s brand value shot up 40 % in a year to $ 158.84 billion. The top 10 of the 100 slots were dominated by US companies.

Infosys lost another heavy weight when B G Srinivas, a board member put in his papers. He is the third CEO-hopeful to quit after Chairman N R Narayana Murthy’s return to the company – Ashok Vemuri and V Balakrishnan being the other two.While Vemuri went on to lead IGate, Balakrishnan joined politics.

Naresh Goyal – promoted Jet Airways posted biggest quarterly loss – Rs 2153.37 crore – in the three months ended March 31, mainly because it has been offering discounts to passengers to fill planes.

William S Pinckney – Chairman and CEO of Amway India was arrested by the Andhra Pradesh Police in connection with a complaint against the direct selling firm. This is the second time that he has been taken into custody. A year, ago the Kerala Police had arrested Pinckney and two company directors on charges of financial irregularities.

China has told its state-owned enterprises to sever links with American consulting firms after the United States charged five Chinese military officers with hacking US companies. China’s action which targets consultancies like McKinsey & Co. and the Boston Consulting Group, sterns from fears that the first are providing trade secrets to the US governments.

India has emerged as a country with some of the highest unregistered businesses in the world. Indonesia has the maximum number of shadow businesses, says a study of 68 countries by Imperial College Business School in London.

Pfizer has abandoned its attempt to buy AstraZeneca for nearly $ 118 billion after the latter refused an offer of 55 pounds a share.

EXTERNAL AGENCY RATING

Rating Agency Name	Fitch
Rating	BBB+ (Long Term Rating)
Rating Explanation	Moderate credit risk and Financial commitments is considered adequate
Date	25.05.2011

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.

INFORMATION DENIED BY

Management non – cooperative (129 – 2233784)

LOCATIONS

Registered Office :	122 Avenue South, Santoshpur Flat No. B Ground Floor, Kolkata – 700 075, West Bengal, India
Tel. No.:	91-129-2233784
Fax No.:	91-129-2233628
E-Mail :	bharatbhushan_gupta@rediffmail.com
Head Office :	Plot No. 106, Sector – 24, Faridabad – 121 005, Haryana, India.
Tel. No.:	91-129-2233784 / 4103783/4103784/4021354, 4021355, 4021579, 4021631
Fax No.:	91-129-2233628/41608022
E-Mail :	preti@vsnl.com precisionstampings@airtelbroadband.in preti@del2.vsnl.net.in precisionstampings@touchtelindia.net
Website :	http://www.precision-stampings.com
Location :	Owned
Branch Office :	W-2, Greater Kailash-II , New Delhi-110048, India
Tel. No.:	91-11-29210901, 29214856
Fax No.:	91-11-29214861
PRECISION STAMPINGS UNIT II:	71, Sector-25, Faridabad-121005 , Haryana, India
Tel. No.:	91-129-5061065, 5060216
PRECISION STAMPINGS UNIT III:	Plot No. 1, Gat No. 907/2, Sanaswadi, Shirpur, Pune, Maharashtra, India
Tel. No.:	91-2137-252139, 252151
GOA PRECISION STAMPINGS PRIVATE LIMITED:	Plot No. 7, Kurti Haveli, Opp. Kurti Chemicals and Ponda , Goa-403401
Tel. No.:	91-832-2314996, 2314997

DIRECTORS

As on: 27.09.2013

Name :

Mr. Mohan Gupta

Designation :

Managing Director and Chairman

Address :

122 Avenue South, Santoshpur Flat No. B Ground Floor, Kolkata – 700 075, West Bengal, India

Date of Birth/Age :

26.08.1952

Qualification :

Graduate

Date of Appointment :

01.07.2011

PAN No.:

AFXPG0295D

Din No.:

00593026

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	U34300WB1954PLC021880	GUPTA MACHINE TOOLS LTD	Managing Director	01/07/2011	01/07/1981	-	Active	NO
2	U74899DL1984PTC018541	ATIGNAS THADERS PRIVATE LIMITED	Director	28/08/1984	28/08/1984	-	Active	NO
3	U74899DL1986PTC026076	PRECISION STAMPINGS PRIVATE LTD.	Director	13/11/1986	13/11/1986	-	Active	NO
4	L74899DL1985PLC020183	ANUPAM MERCANTILE LIMITED	Director	15/07/1991	15/07/1991	-	Active	NO
5	U67120DL1984PLC017505	PALE HOLDINGS LIMITED	Director	14/09/1992	14/09/1992	-	Active	NO
6	U29199GA1992PTC001285	GOA PRECISION STAMPING PRIVATE LIMITED	Director	08/10/1992	08/10/1992	-	Active	NO
7	U74899DL1993PTC053973	ADHAR CREDITS PRIVATE LIMITED	Director	09/06/1993	09/06/1993	-	Active	NO
8	U74899DL1989PTC038065	SHASHI CARRIERS PRIVATE LIMITED	Director	01/07/1997	01/07/1997	-	Active	NO
9	U51219DL1996PTC075521	NEERAJ TRADERS PRIVATE LIMITED	Director	25/09/2010	16/01/2010	-	Active	NO

Name :

Mr. Harsh Gupta

Designation :

Director - Operations

Address :

W-2, Greater Kailash – II, New Delhi – 110 048, India

Date of Birth/Age :

01.01.1976

Qualification :

Graduate

Date of Appointment :

01.07.2011

PAN No :

AAEPG7718H

Din No.:

00405675

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	U74899DL1993PTC053973	ADHAR CREDITS PRIVATE LIMITED	Director	31/03/1994	31/03/1994	-	Active	NO
2	U74899DL1984PTC018541	ATIGNAS THADERS PRIVATE LIMITED	Director	01/08/1994	01/08/1994	-	Active	NO
3	U29199GA1992PTC001285	GOA PRECISION STAMPING PRIVATE LIMITED	Director	23/11/1994	23/11/1994	-	Active	NO
4	U67120DL1984PLC017505	PALE HOLDINGS LIMITED	Director	31/03/1995	31/03/1995	-	Active	NO
5	U74899DL1989PTC038065	SHASHI CARRIERS PRIVATE LIMITED	Director	01/09/1996	01/09/1996	-	Active	NO
6	U34300WB1954PLC021880	GUPTA MACHINE TOOLS LTD	Whole-time director	01/07/2011	01/07/1999	-	Active	NO
7	L74899DL1985PLC020183	ANUPAM MERCANTILE LIMITED	Director	01/03/2007	01/03/2007	-	Active	NO
8	U51219DL1996PTC075521	NEERAJ TRADERS PRIVATE LIMITED	Director	25/09/2010	16/01/2010	-	Active	NO

Name :

Smt. Sangita Gupta

Designation :

Director

Address :

W-2, Greater Kailash – II, New Delhi – 110 048, India

Date of Birth/Age :

09.03.1956

Date of Appointment :

21.06.1991

Din No.:

00596747

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	U74899DL1984PTC018541	ATIGNAS THADERS PRIVATE LIMITED	Director	28/08/1984	28/08/1984	-	Active	NO
2	U74899DL1986PTC026076	PRECISION STAMPINGS PRIVATE LTD.	Director	13/11/1986	13/11/1986	-	Active	NO
3	U34300WB1954PLC021880	GUPTA MACHINE TOOLS LTD	Director	21/06/1991	21/06/1991	-	Active	NO
4	U29199GA1992PTC001285	GOA PRECISION STAMPING PRIVATE LIMITED	Director	08/10/1992	08/10/1992	-	Active	NO

Name :

Sri Madan Lal Bhagat

Designation :

Secretary and Director

Address :

P 24 B CIT Road, Scheme VI, Kolkata – 700 054, West Bengal, India

Date of Birth/Age :

07.03.1943

Date of Appointment :

30.09.1996

Din No.:

00603910

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	U34300WB1954PLC021880	GUPTA MACHINE TOOLS LTD	Director	30/09/1996	30/09/1996	-	Active	NO
2	U51909WB1993PTC057588	SAFEGROW MERCHANDISE PVT LTD	Director	31/03/2000	31/03/2000	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 27.09.2013

Names of Shareholders	No. of Shares
Mohan Gupta	161875
Harsh Gupta	60000
Sangita Gupta	84500
Aditi Gupta	350
Mohan Gupta HUF	67400
Anupam Mercantile Limited – New Delhi	12810
Atignas Traders Private Limited - New Delhi	10860
Pale Holdings Limited - New Delhi	12700
Adhara Credit Private Limited - New Delhi	3500
Bhagat M.L	2
Bhagat Champa Devi	1
Bhagat Sumit	1
Bhagat Amit	1
Rashi Gupta	37000
Harsh Gupta HUF	14000
Gupta Yashovardhan	17500
Gupta Shauryavardhan	17500
Total	500000
Names of Preference Shareholders	No. of Preferences Shares
Shashi Carriers Private Limited – New Delhi	164000
Anupam Mercantile Limited – New Delhi	46000
Pale Holding Limited – New Delhi	36500
Adhara Credit Private Limited – New Delhi	6500
Atignas Traders Private Limited – New Delhi	12000
Neeraj Traders Private Limited – New Delhi	35000
Total	300000

Equity Share Break up (Percentage of Total Equity)

As on: 27.09.2013

Category	Percentage
Bodies corporate	7.97
Directors or relatives of directors	92.03
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer, Exporter, Importer and Trader of Electrical Stampings.

PRODUCTION STATUS AS ON 31.03.2010

Particulars	Unit	Licensed Capacity	Installed Capacity	Actual Production
Electrical Stampings.	MT	8500	2100	14218.739
Lamination for Motors	Nos.	--	--	789349
Transformer	Rs.	--	--	7806147
Jigs, Fixtures,	Nos.	--	--	1
Gauges	Rs.	63.600	63.000	--
Tools And Moulds	Nos.	--	--	(14)

Notes:

* production and sales shown including job work from customer’s materials in finished and semi-finished condition total production and sales quantity 867.748 M.T (Previous year 882.474 M.T)

* inter unit job work and sales has not been included in production and sales figure.

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

· Yes Bank Limited, 9^th Floor, Nehru Centre, Discovery Of India, Dr. Annie Besant Road, Worli, Mumbai – 400018, Maharashtra, India

· Canara Bank, Janpath, New Delhi – 110001, Delhi, India

Facilities :

Secured Loan	As on 31.03.2013	As on 31.03.2012
	(Rs. In Millions)
SHORT TERM BORROWINGS:
Rupee term loans from banks	123.078	82.630
Total	123.078	82.630

Banking Relations :	--
Auditors :
Name :	B.M.Chatrath & Company Chartered Accountant
Address :	D-26, Sector-3, Noida -201301, Uttar Pradesh, India
PAN No.:	AACFB7576N

CAPITAL STRUCTURE

As on: 27.09.2013

Authorized Capital:

No. of Shares	Type	Value	Amount
500000	Equity Shares	Rs.100/- each	Rs. 50.000 Millions
300000	5% Redeemable Cumulative Preference Shares	Rs.100/- each	Rs. 30.000 millions
	Total		Rs. 80.000 millions

Issued, Subscribed & Paid-up Capital:

No. of Shares	Type	Value	Amount
500000	Equity Shares	Rs.100/- each	Rs. 50.000 Millions
300000	5% Redeemable Cumulative Preference Shares	Rs.100/- each	Rs. 30.000 millions
	Total		Rs. 80.000 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	50.000	50.000	50.000
(b) Reserves & Surplus	631.436	547.877	465.254
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	681.436	597.877	515.254
(3) Non-Current Liabilities
(a) long-term borrowings	27.302	20.023	37.204
(b) Deferred tax liabilities (Net)	22.716	25.031	25.575
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	50.018	45.054	62.779
(4) Current Liabilities
(a) Short term borrowings	123.078	82.630	117.121
(b) Trade payables	259.045	112.973	198.632
(c) Other current liabilities	31.806	24.991	42.320
(d) Short-term provisions	13.716	5.868	5.039
Total Current Liabilities (4)	427.645	226.462	363.112
TOTAL	1159.099	869.393	941.145
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	475.748	342.785	359.021
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	7.203	7.203	7.203
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	2.394	2.173	2.002
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	485.345	352.161	368.226
(2) Current assets
(a) Current investments	10.446	10.446	10.446
(b) Inventories	307.944	198.023	257.592
(c) Trade receivables	285.323	243.990	239.010
(d) Cash and cash equivalents	11.697	10.629	19.970
(e) Short-term loans and advances	58.272	54.072	45.630
(f) Other current assets	0.072	0.072	0.271
Total Current Assets	673.754	517.232	572.919
TOTAL	1159.099	869.393	941.145

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	1683.553	1610.832	1551.186
		Other Income	23.213	2.896	33.995
		TOTAL (A)	1706.766	1613.728	1585.181
Less	EXPENSES
		Cost of Materials Consumed	1140.416	1144.497	1183.074
		Purchases of Stock-in-Trade	0.000	0.000	0.000
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	39.223	-19.801	-25.010
		Employees benefits expense	54.660	49.082	43.524
		Other expenses	241.693	218.221	172.506
		TOTAL (B)	1475.992	1391.999	1374.094
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		230.774	221.729	211.087
Less	FINANCIAL EXPENSES (D)		16.831	21.565	31.563
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		213.943	200.164	179.524
Less/ Add	DEPRECIATION/ AMORTISATION (F)		36.870	26.100	25.822
	PROFIT BEFORE TAX (E-F) (G)		177.073	174.064	153.702
Less	TAX (H)		57.486	57.155	46.128
	PROFIT AFTER TAX (G-H) (I)		119.587	116.909	107.574
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	385.654	313.560	62.293
	TOTAL EARNINGS		385.654	313.560	62.293
	IMPORTS
		Raw Materials	NA	344.884	344.419
	TOTAL IMPORTS		NA	344.884	344.419
	Earnings Per Share (Rs.)		394.75	385.82	354.71

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	7.01	7.24	6.79
Net Profit Margin (PBT/Sales)	(%)	10.52	10.81	9.91
Return on Total Assets (PBT/Total Assets}	(%)	15.37	20.19	16.46
Return on Investment (ROI) (PBT/Networth)		0.26	0.29	0.30
Debt Equity Ratio (Total Debt/Networth)		0.22	0.17	0.30
Current Ratio (Current Asset/Current Liability)		1.58	2.28	1.58

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	50.000	50.000	50.000
Reserves & Surplus	465.254	547.877	631.436
Net worth	515.254	597.877	681.436
long-term borrowings	37.204	20.023	27.302
Short term borrowings	117.121	82.630	123.078
Total borrowings	154.325	102.653	150.380
Debt/Equity ratio	0.300	0.172	0.221

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	1551.186	1610.832	1683.553
		3.845	4.514

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	1551.186	1610.832	1683.553
Profit	107.574	116.909	119.587
	6.93%	7.26%	7.10%

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	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	No
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	Yes
20]	Export / Import details (if applicable)	No
21]	Market information	--
22]	Litigations that the firm / promoter involved in	--
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	--
26]	Buyer visit details	--
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

UNSECURED LOAN

Particulars	As on 31.03.2013	As on 31.03.2012
	(Rs. In Millions)
LONG TERM BORROWINGS:
Loans and advances from others	27.302	20.023
Total	27.302	20.023

REVIEW AND FUTURE PROSPECTS:

During the year the total Turnover of the company in value terms increased by 4.57% from Rs.17, 95.459 Lacs to Rs. 1877.512 Millions, which includes job work receipts Rs. 5.192 Millions. (1312.047 M. Ton). Total revenue from operations increased by 4.51% from Rs.1610.832 Millions to Rs. 1683.553 Millions. Export Turnover increased by 6.98% from Rs. 327.388 Millions to Rs. 350.242 Millions. However, domestic turnover increased only by 4.24% in value. Quantity wise total turnover increased by 4.20% from 12975.311 M. Ton to 13519.835 M. Ton and total Production increased from 12930.151 M. Ton to 13606.148 M. Ton. However, Profit during the year increased from Rs. 174.065 Millions to Rs. 177.074 Millions, showing a jump of 1.73% compared to last year's profits. This jump in the net profit was mainly due to the increase in the other income from 2.896 Millions to 23.214 Millions.

INDEX OF CHARGES:

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10433787	26/06/2013	150,000,000.00	YES BANK LIMITED	9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR. ANNIE BESANT ROAD, WORLI,, MUMBAI - 400018, MAHARASHTRA, INDIA	B78272994
2	80029522	21/06/2011 *	615,000,000.00	CANARA BANK	PCB-II,2ND FLOOR, WORLD TRADE TOWER, BARAKHAMBA L ANE, NEW DELHI - 110001,DELHI, INDIA	B16016958
3	80029524	21/06/2011 *	615,000,000.00	CANARA BANK	PCB-II,2ND FLOOR, WORLD TRADE TOWER, BARAKHAMBA L ANE, NEW DELHI - 110001,DELHI, INDIA	B16023905
4	80029525	21/06/2011 *	615,000,000.00	CANARA BANK	PCB-II,2ND FLOOR, WORLD TRADE TOWER, BARAKHAMBA L ANE, NEW DELHI - 110001,DELHI, INDIA	B16026874

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 judgment 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.60.09
UK Pound	1	Rs.102.33
Euro	1	Rs.82.01

INFORMATION DETAILS

Information Gathered by :	GYT
Analysis Done by :	SUM
Report Prepared by :	JAY

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	6
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	YES
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		48

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.