MIRA INFORM REPORT

Report Date :

22.07.2014

IDENTIFICATION DETAILS

Name :	JAYPEE (INDIA) LIMITED (w.e.f. 27.3.2009)
Formerly Known As :	JAYPEE INDIA PRIVATE LIMITED
Registered Office :	11, Dr. Rajendra Prasad Sarani, Kolkata-700001, West Bengal
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	28.07.1982
Com. Reg. No.:	21-035131
Capital Investment / Paid-up Capital :	Rs. 28.125 Millions
CIN No.: [Company Identification No.]	U29133WB1982PLC035131
TAN No.: [Tax Deduction & Collection Account No.]	CALJ00899D
PAN No.: [Permanent Account No.]	AAACJ6785C
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer and Exporter of Construction Equipments, Rebar Bending, Bar Cutting, Batch Mix, Plant Concrete Mixer, Mini Dumper, Roller, Tower Crane and Passenger Hoist, etc.
No. of Employees :	250 (Approximetly)

RATING & COMMENTS

MIRA’s Rating :

Ba (45)

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

Maximum Credit Limit :	USD 240000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track record. General financial position of the company seems to be decent. Profitability of the company is fair. Trade relations are fair. Business is active. Payment terms are reported to be usually correct. The company can be considered for business dealings at usual trade terms and condition.

NOTES :

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

ECGC Country Risk Classification List – 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 wih 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.

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2014.

INFORMATION PARTED BY

Name :	Mr. Sachin Bhargavt
Designation :	Assistant (Business Development)
Contact No.:	91-9051234444
Date :	12.07.2014

LOCATIONS

Registered Office :	11, Dr. Rajendra Prasad Sarani, Kolkata-700001, West Bengal, India
Tel. No.:	91-33-22423681
Mobile No.:	91-9051234444 (Mr. Aditya Mehta)
Fax No.:	91-33-22432545
E-Mail :	shreemonti@jaypee.in agarwal_shankarassociates@yahoo.co.in
Website:	http://jaypee.in
Location :	Owned
Factory Office :	National Highway No. 6, Ankur Hati, P O Salab, Kolkata, West Bengal, India
Tel. No.:	91-33-22691275
Area :	8 Sq. Ft.
Location :	Owned
Corporate Office :	226/1, AJC Bose Road, Trinity, 5^th Floor, Kolkata-700020, West Bengal, India
Tel. No.:	91-33-22890496
Fax No.:	91-33-22890859
Area :	1500 Sq. ft
Location :	Owned

DIRECTORS

AS ON 27.09.2013

Name :

Mr. Jay Prakash Mehta

Designation :

Director

Address :

100 G Block – F Newalipore, Kolkatta – 700053, West Bengal , India

Date of Birth/Age :

25.12.1960

Date of Appointment :

29.09.1993

DIN No.:

00164338

Voter ID No.:

LFB3373495

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	U29133WB1982PLC035131	JAYPEE (INDIA) LIMITED	Director	29/09/1993	29/09/1993	-	Active	NO
2	U28991WB1994PLC065608	JAYPEE PROJECTS LIMITED	Whole-time director	24/10/1994	24/10/1994	-	Active	NO
3	U74210WB1987PLC042030	WML MACHINERY LIMITED	Director	10/12/1997	10/12/1997	-	Active	NO
4	U74200WB2001PLC093097	JAYMAC ENGINEERING LIMITED	Director	10/04/2001	10/04/2001	-	Active	NO
5	U29193WB1991PLC053110	JAYPEE MANUFACTURING COMPANY LIMITED	Director	01/02/2006	01/02/2006	-	Active	NO
6	U45200MH1999PTC119477	BYGGING INFRASTRUCTURE PRIVATE LIMITED	Director	30/05/2006	30/05/2006	03/10/2007	Active	NO

Name :

Mr. Aditya Vikram Mehta

Designation :

Director

Address :

100 G Block – F Newalipore, Kolkatta – 700053, West Bengal , India

Date of Birth/Age :

29.11-1983

Date of Appointment :

29.09.1993

DIN No.:

00481189

Voter ID No.:

LFB3373511

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	U29133WB1982PLC035131	JAYPEE (INDIA) LIMITED	Director	29/09/1993	29/09/1993	-	Active	NO
2	U29193WB1991PLC053110	JAYPEE MANUFACTURING COMPANY LIMITED	Director	17/01/2002	17/01/2002	-	Active	NO
3	U29240MH2003PTC143179	WINGET CONSTRUCTION EQUIPMENT PRIVATE LIMITED	Managing director	25/04/2009	18/11/2003	-	Active	NO
4	U28991WB1994PLC065608	JAYPEE PROJECTS LIMITED	Whole-time director	01/12/2005	01/12/2005	-	Active	NO
5	U55204WB2013PTC197839	WHITE CASTLE HOSPITALITY PRIVATE LIMITED	Director	08/10/2013	08/10/2013	-	Active	NO

Name :

Mr. Goutam Mahapatra

Designation :

Additional Directore

Address :

Uttarpara – Dakshin, PO Janai Station Road, Hooghly-712304, West Bengal, India

Date of Birth/Age :

31.12.1968

Date of Appointment :

02.05.2011

DIN No.:

00724718

Voter ID No.:

WB/26/178/735173

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	U29246WB1994PTC062911	J E EQUIPMENTS PRIVATE LIMITED	Director	01/04/2003	01/04/2003	01/06/2011	Active	NO
2	U29133WB1982PLC035131	JAYPEE (INDIA) LIMITED	Additional director	02/05/2011	02/05/2011	-	Active	NO

Name :

Mr. Kumar Mangalam Mehta

Designation :

Additional Director

Address :

100 G Block – F Newalipore, Kolkatta – 700053, West Bengal , India

Date of Birth/Age :

05.09.1986

Date of Appointment :

01.01.2010

DIN No.:

02929136

Voter ID No.:

ANVPM5611M

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	U29133WB1982PLC035131	JAYPEE (INDIA) LIMITED	Additional director	01/01/2010	01/01/2010	-	Active	NO
2	U28991WB1994PLC065608	JAYPEE PROJECTS LIMITED	Additional director	01/01/2010	01/01/2010	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Sachin Bhargavt
Designation :	Assistant (Business Development)
Name :	S. K. Patnaik and Associates
Designation :	Company Secretaries
Address:	7 A, Bentick Street, Suit No. 304, 2rd Floor Kolkata – 700001, West Bengal India
Mobaile No.:	91-9836837640 / 9883075096
Fax No.:	91-33-40053904
E-Mail:	skpatnaikassociates@gmail.com

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 27.09.2013

Names of Shareholders	No. of Shares
Aditya Vikram Mehta	2500
Sunita Devi Mehta	2500
Divya Mehta	125
Jaypee Manufalturing Company Limited, India	29500
Jaymao Engineering Limited India	13500
Jay Prakash Mehta	30570
Jay Prakash Mehata - HUF	5700
Greenview Tracom Private limited, India	2500
Ashok Hydromatil Private Limited, India	1000
Kumar Mangalam Mehta	250
J E Equipments Private Limited, India	42000
Scaf Engineers Limited, India	35000
Mohini Agencies Private Limited, India	1500
Preety Mehta	105
Calcutta Frish Milk Private Limited, India	1000
Mint Overseas Private Limited, India	1000
Hepta Traders Private Limited, India	1000
Gul2ar Hire Pwrchase Private Limited, India	2000
Moonstar Business India Private Limited, India	2500
Jasper Enclave Private Limited, India	1500
Banerjee Project Consultants Private Limited, India	2000
Swastik Securities L finance Limited, India	3000
Madhu Pachisia	10000
Nayan Merchants Private Limited, India	50000
Agradoot Enterprises Private Limited, India	50000
Edu-grow solutions private Limted, India	25000

AS ON 27.09.2013

Equity Share Breakup	Percentage of Holding
Category
Bodies corporate	85.00
Directors or relatives of directors	12.00
Other top fifty shareholders	3.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer and Exporter of Construction Equipments, Rebar Bending, Bar Cutting, Batch Mix, Plant Concrete Mixer, Mini Dumper, Roller, Tower Crane and Passenger Hoist, etc.

Products :

ITC CODE	PRODUCTS
827910	Construction Equipments
947990 01	Spares

Exports :

Countries :

Europen Countries

PRODUCTION STATUS (AS ON : 31.03.2013)

Particulars	Unit	Actual Production
Bar Bending and Straightening Machine	Nos.	365
Bar and Angle Shearing Machine	Nos.	390
Parts and Accessories for machine - 8462	Nos.	733
Concrete Mixer Machine	Nos.	107
Earth Compactor	Nos.	25
Vaccum Pump (VDS)	Nos.	18
Parts and Accessories for (VDS)	Nos.	6
Builder Hoist	Nos.	55
Taugh Rider (Shovel Loader)	Nos.	--
Vibrator Roller	Nos.	5
Vibrator Machine	Nos.	31
Parts and Accessories for Vibrator	Nos.	95
Scrap	Kgs	105870

GENERAL INFORMATION

No. of Employees :

250 (Approximetly)

Bankers :

· Axis Bank, Corporate Banking Branch, 1, Shakespare Sarani, 3^rd Floor, Kolkata-700071, West Bengal, India

· State Bank of India

· Bank of India, Kolkata Main Branch, Kolkatta – 700001, West Bengal, India

· The Hongkong and Shanghai Banking Corporation Limited

Facilities :

Secured Loans	31.03.2013 (Rs. in Millions)	31.03.2012 (Rs. in Millions)
Long Term Borrowing
Term Loan
From Bank (Secured by hypothecation of respective Assets)
Axis Bank Limited – Indigo Cs ELX. EMI Rs. 11064/- for 37 months	0.337	0.421
Axis bank Limited – Maruti Swift Car. EMI Rs. 18.655 Millions for 23 months	0.387	0.000
HDFC Bank Limited – Ford Figo. EMI Rs. 10.550 Millions for 35 months	0.309	0.392
HDFC Bank Limited – Tata Venture EMI Rs. 13.282 Millions for 18 Months	0.219	0.000
Axis Bank Limited – Plant and Machinery – Purchased out of Term Loan	18.650	0.000
Reliance Capital Limited – TATA AC, Emi Rs. 9.219 Millions for 8 months	0.000	0.070
BMW India Financial Services Private Limited – BMW Car. EMI Rs. 73.861 Millions	1.436	2.167
L and T Finance Limited – Fork Lift, EMI Rs. 33.316 Millions for 10 months	0.000	0.312
L and T Finance Limited –TIPL, Emi Rs. 62.033 Millions for 4 months	0.000	0.241
Short Term Borrowing
Axis Bank Limited - Indigo CS ELX. EMI Rs. 11.064 Millions for 12 Months	0.084	0.068
Axis Bank Limited – Maruti Swift Car. EMI Rs. 18.655 Millions For 12 Months	0.173	0.000
HDFC Bank Limited – Tata Venture EMI Rs. 13.282 Millions for 12 months	0.125	0.073
HDFC Bank Limited – Ford Figo, EMI Rs. 10.550 Millions for 12 Months	0.083	0.000
Axis Bank Limited – Plant and Machinery – Purchased Out of Term Loan	3.000	0.000
Cash Credit A/C with Axis Bank Limited (Secured by hypothecation of stock and Book Debts	24.330	18.935
Buyer’s Credit Loan from Axis bank Limited (Secured by goods procured under L C and hypothecation stock and Book Debts	3.275	4.550
Reliance Capital Limited – TATA AC. EMI Rs. 9.219 Millions for 12 months	0.070	0.095
L and T Finance Limited - Crane. EMI Rs. 54.421 Millions for 12 Months	0.000	0.565
BMW India Financial Services Private Limited – BMW Car. EMI Rs. 73.861 Millions	0.730	0.671
L and T Finance Limited – Fork Lift, EMI Rs. 33.316 Millions for 12 months	0.312	0.329
L and T Finance Limited – Invoice discounting facility against	0.240	0.659
Hypothecation of receivable	1.909	0.000
Total	55.669	29.548

Banking Relations :
Financial Institute:	L and T Finance Limited
Auditors :
Name :	A. R. Maiti and Company Chartered Accountant
Address :	Centre Point Room No. 442,21, Old Court House Street, Kolkata – 700001, India
Tel. No.:	91-2248-8235 / 22430008 / 22108704
Mobile No.:	91-9831000740 (ARM 9830392065(SKC) 9831304299 (SKP) 9903211848(PLR)
Fax No.:	91-33-23602136
E-Mail :	armco_ca@rediffmail.com
Related Parties :	· Jaypee Projects Limited · Jaymac Engineering Limited · Jaypee Manufacturing Company Limited · WML Machinery Limited

CAPITAL STRUCTURE

AS ON 27.09.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
350000	Equity Shares	Rs. 100/- each	Rs. 35.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
343750	Equity Shares	Rs. 100/- each	Rs. 34.375 Millions

AS ON 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
350000	Equity Shares	Rs. 100/- each	Rs. 35.000 Millions

Issued, Subscribed &:

No. of Shares	Type	Value	Amount
218750	Equity Shares	Rs. 100/- each	Rs. 21.875 Millions
125000	Equity Shares	Rs. 100/- each	Rs. 12.500 Millions
	Total		Rs.34.375 Millions

Issued, Subscribed & Fully Paid up:

No. of Shares	Type	Value	Amount
218750	Equity Shares	Rs. 100/- each	Rs. 21.875 Millions
125000	Equity Shares	Rs. 50/- each	Rs. 6.250 Millions
	Total		Rs.28.125 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	28.125	20.875	3.775
(b) Reserves & Surplus	33.812	22.857	17.068
(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)	61.937	43.732	20.843
(3) Non-Current Liabilities
(a) long-term borrowings	64.186	7.250	16.886
(b) Deferred tax liabilities (Net)	0.557	0.128	0.141
(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)	64.743	7.378	17.027
(4) Current Liabilities
(a) Short term borrowings	34.331	25.946	0.000
(b) Trade payables	54.581	50.916	40.446
(c) Other current liabilities	15.671	18.488	5.037
(d) Short-term provisions	(0.066)	0.172	0.450
Total Current Liabilities (4)	104.517	95.522	45.933
TOTAL	231.197	146.632	83.803
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	58.469	34.083	17.864
(ii) Intangible Assets	0.011	0.006	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	6.340	6.340	6.340
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	4.516	3.513	3.735
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	69.336	43.942	27.939
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	73.236	33.072	9.426
(c) Trade receivables	58.622	54.444	31.726
(d) Cash and cash equivalents	4.455	6.353	2.423
(e) Short-term loans and advances	25.376	8.668	12.256
(f) Other current assets	0.172	0.153	0.033
Total Current Assets	161.861	102.690	55.864
TOTAL	231.197	146.632	83.803

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2013	31.03.2012	31.03.2011
	SALES
	Income	195.658	165.951	140.215
	Other Income	1.934	0.557	1.411
	TOTAL (A)	197.592	166.508	141.626
Less	EXPENSES
	Cost of Materials Consumed	103.017	126.156	102.238
	Purchases of Stock-in-Trade	42.346	2.946	13.924
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(16.465)	(2.800)	(0.718)
	Employees benefits expense	12.588	8.199	6.081
	Other expenses	41.955	22.019	13.712
	TOTAL (B)	183.441	156.520	135.237
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	14.151	9.988	6.389
Less	FINANCIAL EXPENSES (D)	4.487	2.215	1.946
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	9.664	7.773	4.443
Less/ Add	DEPRECIATION/ AMORTISATION (F)	4.236	3.442	0.793
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	5.428	4.331	3.650
Less	TAX (H)	1.828	1.442	1.159
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)	3.600	2.889	2.491
	Earnings / (Loss) Per Share (Rs.)	18.25	28.23	66.00

Particulars	31.03.2014
Sales Turnover	290.000

The above information has been parted by Mr. Sachin Bhargavt

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	1.82	1.74	1.76
Net Profit Margin (PBT/Sales)	(%)	2.77	2.61	2.60
Return on Total Assets (PBT/Total Assets}	(%)	2.41	3.09	4.71
Return on Investment (ROI) (PBT/Networth)		0.09	0.10	0.18
Debt Equity Ratio (Total Debt /Networth)		1.59	0.76	0.81
Current Ratio (Current Asset/Current Liability)		1.55	1.08	1.22

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	3.775	20.875	28.125
Reserves & Surplus	17.068	22.857	33.812
Net worth	20.843	43.732	61.937
long-term borrowings	16.886	7.250	64.186
Short term borrowings	0.000	25.946	34.331
Total borrowings	16.886	33.196	98.517
Debt/Equity ratio	0.810	0.759	1.591

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	140.215	165.951	195.658
		18.355	17.901

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	140.215	165.951	195.658
Profit	2.491	2.889	3.600
	1.78%	1.74%	1.84%

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	Yes
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last four 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	No
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	No
20]	Export / Import details (if applicable)	Yes
21]	Market information	----------------------
22]	Litigations that the firm / promoter involved in	----------------------
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	----------------------
26]	Buyer visit details	----------------------
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	Yes
34]	External Agency Rating, if available	No

UNSECURED LOANS:

Unsecured Loans	31.03.2013 (Rs. in Millions)	31.03.2012 (Rs. in Millions)
Anurag Vinimay Private Limited	2.500	2.500
J.E. Equipments Private Limited	1.148	1.148
Apar Finlease Private Limited	2.500	0.000
Apical Tower Private Limited	1.500	0.000
Banerjee Priject Construction Private Limited	2.000	0.000
Bhutoria Construction Private Limited	5.000	0.000
Bihariji Commercials Private Limited	5.000	0.000
Calcutta Fresh Milk Private Limited	2.500	0.000
Essar Cottex Private Limited	1.000	0.000
Jaymac Engineering Limited	0.700	0.000
Kinetic Agencies Private Limited	3.000	0.000
Mohini Agencies Private	2.000	0.000
Mountain View Dealers Private Limited	3.000	0.000
Pioneer Vanijya Private Limited	4.000	0.000
Relish Distributors Private Limited	2.000	0.000
Sanskar Overseas Private Limited	1.500	0.000
Others	3.500	0.000
Total	42.848	3.648

INDEX CHARGES:

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10316239	24/01/2013 *	104,500,000.00	AXIS BANK LIMITED	CORPORATE BANKING BRANCH (CBB),, 1, SHAKESPEARE S  ARANI, AC MARKET, 3RD FLOOR,, KOLKATA, West Bengal  - 700071, INDIA	B68981901

FINANCIAL RESULTS:

The result discloses a profit of Rs. 5.428 Millions before Tax and after charging depreciation of Rs. 4.236 Millions, which has been adjusted against Provision for Taxation Rs. 1.400 Millions and added to income tax of Earlier year Rs. 0.002 Million and Deferred tax Rs. 0.429 Million leaves a Surplus during the year Rs. 3.600 Millions and further added to the Surplus of Rs. 0.097 Million brought forward from the earlier year and an amount of Rs. 3.600 Millions transferred to General Reserve out of total Surplus Rs. 3.697 Millions it leaves a surplus of Rs. 0.097 Million which your Directors propose to carry forward to next year.

FIXED ASSETS

· Factory Building

· Typewriter and Office Equipment

· Furniture and Fixture

· Motor Cycle and Bi-Cycle and Vehicle

· Air Conditioner

· Plant and Machinery

· Computer

· Factory Land

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. 60.18
UK Pound	1	Rs. 102.86
Euro	1	Rs.81.48

INFORMATION DETAILS

Information Gathered by :	PDT
Analysis Done by :	KAR
Report Prepared by :	TRU

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	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	5
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		45

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
--	NB	New Business	--

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.