1. Summary Information

		Country	India
Company Name	SUBHAM CORPORATION PRIVATE LIMITED	Principal Name 1	Mr. Chinta Sasidhar
Status	MODERATE	Principal Name 2	Mr. Legala Vijay Anand Reddy
		Registration #	01-067589
Street Address	H.No.8-2-293/82/A/379 & 379/A, Plot No. 379, Road No.10, Jubilee Hills, Hyderabad-500033, Andhra Pradesh, India
Established Date	18.03.2010	SIC Code	--
Telephone#	91-40-23557196	Business Style 1	Importer
Fax #	91-40-23557190	Business Style 2	--
Homepage	www.subhamcorp.com	Product Name 1	Coal
# of employees	7 Approximately	Product Name 2	--
Paid up capital	Rs.100,000/-	Product Name 3	--
Shareholders	Directors or relatives of directors – 100%	Banking	ICICI Bank Limited
Public Limited Corp.	NO	Business Period	4 Years
IPO	NO	International Ins.	-
Public Enterprise	NO	Rating	B (29)
Related Company
Relation	Country	Company Name	CEO
Associates	--	Navayuga Engineering Company Limited	--
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2012		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	1,186,745,000	Current Liabilities	499,303,000
Inventories	520,737,000	Long-term Liabilities	1,191,556,000
Fixed Assets	105,000	Other Liabilities	9,186,000
Deferred Assets	000	Total Liabilities	1,700,045,000
Invest& other Assets	50000	Retained Earnings	7,059,000
	000	Net Worth	7,592,000
Total Assets	1,707,637,000	Total Liab. & Equity	1,707,637,000
Total Assets (Previous Year)	323,636,000
P/L Statement as of	31.03.2012		(Unit: Indian Rs.)
Sales and other income	1,735,464,000	Net Profit / (Loss)	6,842,000
Sales(Previous yr)	222,196,000	Net Profit / (Loss) (Prev.yr)	217,000

MIRA INFORM REPORT

Report Date :

03.06.2014

IDENTIFICATION DETAILS

Name :	SUBHAM CORPORATION PRIVATE LIMITED
Registered Office :	H.No.8-2-293/82/A/379 & 379/A, Plot No. 379, Road No.10, Jubilee Hills, Hyderabad-500033, Andhra Pradesh
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	18.03.2010
Com. Reg. No.:	01-067589
Capital Investment / Paid-up Capital :	Rs. 0.100 Million
CIN No.: [Company Identification No.]	U74990AP2010PTC067589
TAN No.: [Tax Deduction & Collection Account No.]	HYDS27515F
PAN No.: [Permanent Account No.]	AAOCS0473N
Legal Form :	Private Limited Liability Company
Line of Business :	Importer of Steam Coal.
No. of Employees :	7 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (29)

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

Maximum Credit Limit :	USD 30000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. Management of the company has not field its latest financial (i. e. 2013) with the government department. As per the available financial of 2012, there seems huge growth in the turnover and profitability of the company however profit margin of the company is low. Trade relations are reported as fair. Business is active. Payment terms are reported to be slow but correct. The company can be considered for business dealings with some caution.

NOTES :

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

ECGC Country Risk Classification List – 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

US investment bank Goldman Sachs  has upgraded its outlook on Indian markets as it expects positive impact of the election cycle.

India’s economy may grow 4.7 % in the current financial year, lower than the official estimate of 4.9 %, Fitch Rating said. The global rating agency expects the economy to pick up in the next two financial years.

Global ratings agency Standard & Poor said increasing focus by India Inc on lowering debt is likely to improve their credit profiles.

Singapore (1.1 million Indian tourists in 2012), Thailand (one million), the United Arab Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred holidays hotspots for Indians. The total figure is expected to increase to 1.93 million by 2017, according to the latest Eurmonitor international report.

There is a $29.34 bn outward foreign direct investment by domestic companies between April and January of 2013/14 which has seen some signs of recovery according to a Care Ratings report.

There are 264 number of new companies being set up every day on average during 2014. Most of them are registered in Mumbai. India had 1.38 million registered companies at the end of January, 2014.

Twitter like messaging service Weibo Corporation has filed to raise $ 500 million via a US initial public offering. Alibaba, which owns a stake in Weibo is expected to raise about $ 15 billion New York this year in the highest profile Internet IPO since Facebook’s in 2012.

Bharti Airtel has raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at a coupon rate of three per cent and maturing in 2020. This is the largest ever bond offering by an Indian company in Swiss Francs. Bharat Petroleum Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98 % coupon rate in February.

Indian Oil Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex at its almost complete Paradip refinery in Odhisha in three to four years. The company board is set to consider the setting up of a 700000 tonne per annum polypropylene plant at an estimated cost at Rs.3150 crore.

Global chief information officers at gathering in Bangalore in April to meet Indian startups at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in the making.

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 PARTED BY (GENERAL DETAILS)

Name :	Mr. Suresh
Designation :	General Manager
Contact No.:	91-8008887935
Date :	22.05.2014

LOCATIONS

Registered Office :	H.No.8-2-293/82/A/379 & 379/A, Plot No. 379, Road No.10, Jubilee Hills, Hyderabad-500033, Andhra Pradesh, India
Tel. No.:	91-40-23557196 / 99 / 66848460
Mobile No.:	91-8008887935 (Mr. Suresh)
Fax No.:	91-40-23557190 / 66848470
E-Mail :	suraj@subhamcorp.com yugandhar@navayuga.com manikymar@subhamcorp.com
Website:	http://www.subhamcorp.com
Location :	Rented
Branch Office:	Dn – 24, 5^th Floor, Matrix Tower, Sector V, Salt Lake, Kolkata – 700091, West Bengal, India
Tel No.:	91-33-40044060
Fax No.:	91 406 684 8470

DIRECTORS

As on 30.09.2012

Name :	Mr. Chinta Sasidhar
Designation :	Director
Address :	Plot No. 550, A/1, Road No. 92, Jubilee Hills, Phase-III, Hyderabad- 500034, Andhra Pradesh, India
Date of Birth/Age :	29.01.1972
Date of Appointment :	18.03.2010
DIN No.:	00009300

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	U45203AP1986PLC006925	NAVAYUGA ENGINEERING COMPANY LIMITED	Whole-time director	01/04/2007	27/11/1995	-	Active	NO
2	U14108OR1996PLC004643	NAVAYUGA MINERALS LIMITED	Director	14/10/1996	14/10/1996	05/01/2009	Active	NO
3	U72200AP1997PTC026655	NAVAYUGA INFOTECH PRIVATE LIMITED	Managing director	15/03/1999	15/03/1999	-	Active	NO
4	U74999AP1999PTC032422	DIGI TRANS PRIVATE LIMITED	Director	02/09/1999	02/09/1999	-	Active	NO
5	U74899DL1932PTC000275	MADAN MOHAN LALL SHRIRAM PRIVATE LIMITED	Director	14/10/2000	14/10/2000	-	Active	NO
6	U72900AP2002PTC038412	SPATIAL NETWORKS PRIVATE LIMITED	Director	29/01/2002	29/01/2002	-	Active	NO
7	U45209AP2001PTC037218	NAVAYUGA INFRASTRUCTURE CORPORATION PRIVATE LIMITED	Director	03/04/2003	03/04/2003	-	Active	NO
8	U70102AP2002PTC038539	NYSE INFRASTRUCTURE PRIVATE LIMITED	Director	02/08/2004	02/08/2004	-	Active	NO
9	U72200AP2004PTC044662	NAVAYUGA SPATIAL TECHNOLOGIES PRIVATE LIMITED	Director	22/11/2004	22/11/2004	-	Active	NO
10	U74899DL2005PTC143046	HIMURJA INFRA PRIVATE LIMITED	Director	01/12/2005	01/12/2005	25/07/2008	Active	NO
11	U65910AP2006PTC049469	CHINTA INVESTMENTS PRIVATE LIMITED	Director	13/03/2006	13/03/2006	-	Active	NO
12	U45200AP2006PTC049468	CVR HOLDINGS PRIVATE LIMITED	Director	13/03/2006	13/03/2006	-	Active	NO
13	U45200AP2006PTC049585	GODAVARI TOLL BRIDGE PRIVATE LIMITED	Director	23/03/2006	23/03/2006	11/02/2010	Active	NO
14	U45203AP1996PLC023529	KRISHNAPATNAM PORT COMPANY LIMITED	Managing director	12/08/2010	01/04/2006	-	Active	NO
15	U45200TN2006PTC085149	INDU NAVAYUGA INFRA PROJECTS PRIVATE LIMITED	Nominee director	07/04/2006	07/04/2006	16/06/2010	Active	NO
16	U45200AP2006PLC051378	KRISHNAPATNAM RAILWAY COMPANY LIMITED	Nominee director	11/10/2006	11/10/2006	23/12/2009	Active	NO
17	U70102AP2006PTC052114	NAVAYUGA LEGALA ESTATES PRIVATE LIMITED	Director	26/12/2006	26/12/2006	-	Active	NO
18	U60231TN2006PTC061849	ENNORE LOGISTICS PARK PRIVATE LIMITED	Director	18/01/2007	18/01/2007	24/02/2009	Active	NO
19	U70102AP2007PTC053094	NAVAYUGA REAL VENTURES PRIVATE LIMITED	Director	13/03/2007	13/03/2007	-	Active	NO
20	U45400AP2007PTC053344	NAVAYUGA BENGALOORU TOLLWAY PRIVATE LIMITED	Nominee director	27/03/2007	27/03/2007	27/10/2009	Active	NO
21	U85110DL2000PTC105219	IN-SHAPE HEALTH AND RESORTS PRIVATE LIMITED	Director	02/04/2007	02/04/2007	27/10/2008	Active	YES
22	U70102AP2007PTC053588	NEC REAL ESTATE PRIVATE LIMITED	Director	13/04/2007	13/04/2007	-	Active	NO
23	U70109WB2007PTC115397	NAVAYUGA INFINITY INFRASTRUCTURE PRIVATE LIMITED	Additional director	02/05/2007	02/05/2007	29/08/2008	Active	NO
24	U62100AP2007PTC054340	NAVAYUGA FLYTECH PRIVATE LIMITED	Director	07/06/2007	07/06/2007	11/02/2010	Active	NO
25	U74900AP2007PTC054344	GATEWAY MEDIA PRIVATE LIMITED	Director	07/06/2007	07/06/2007	22/05/2010	Active	NO
26	U45201KA2007PTC042067	CORNERSTONE SHELTERS PRIVATE LIMITED	Director	20/06/2007	20/06/2007	-	Active	NO
27	U70102KA2006PTC040019	CORNERSTONE PROPERTY INVESTMENTS PRIVATE LIMITED	Director	07/09/2007	07/09/2007	-	Active	NO
28	U99999MH1997PTC110748	SANBORN TECHNOLOGY RESOURCES PRIVATE LIMITED	Director	19/09/2007	19/09/2007	07/01/2010	Active	NO
29	U40101AP2007PLC055995	NAVAYUGA POWER CORPORATION LIMITED	Director	18/10/2007	18/10/2007	-	Active	NO
30	U40105AP2007PLC056531	KRISHNAPATNAM POWER CORPORATION LIMITED	Director	05/12/2007	05/12/2007	11/02/2010	Active	NO
31	U45209AP2008PTC057033	KRISHNAPATNAM INFRATECH PRIVATE LIMITED	Director	08/01/2008	08/01/2008	-	Active	NO
32	U40101OR2008PLC009754	ASTARANGA POWER COMPANY LIMITED	Director	18/01/2008	18/01/2008	-	Active	NO
33	U27102OR2008PLC009755	NAVAYUGA STEEL LIMITED	Director	18/01/2008	18/01/2008	-	Active	NO
34	U40300AP2008PTC057882	KRISHNAPATNAM WATER COMPANY PRIVATE LIMITED	Director	28/02/2008	28/02/2008	-	Active	NO
35	U13209OR1991PTC002927	GEOMIN MINERALS AND MARKETING PRIVATE LIMITED	Director	29/03/2008	29/03/2008	-	Active	NO
36	U27101OR1991PTC002917	KONARK FERRO ALLOYS PRIVATE LIMITED	Director	29/03/2008	29/03/2008	-	Active	NO
37	U13202OR1996PTC004607	AXL INDUSTRIES PRIVATE LIMITED	Director	29/03/2008	29/03/2008	-	Active	NO
38	U74900AP2008PTC058987	KRISHNA DREDGING COMPANY PRIVATE LIMITED	Director	05/05/2008	05/05/2008	17/08/2012	Active	NO
39	U67100AP2008PTC059301	CHINTA MADHAVA CAPITAL VENTURES PRIVATE LIMITED	Director	23/05/2008	23/05/2008	-	Active	NO
40	U93000AP2008PTC059300	CHINTA GOVIND CAPITAL VENTURES PRIVATE LIMITED	Director	23/05/2008	23/05/2008	-	Active	NO
41	U63032OR2008PLC010058	JAGANNATH PORT COMPANY LIMITED	Director	28/05/2008	28/05/2008	-	Active	NO
42	U14102AP1993PLC016535	NAVAYUGA EXPORTS LIMITED	Additional director	06/06/2008	06/06/2008	24/10/2008	Active	NO
43	U72200AP2000PLC035176	MAPWORLD TECHNOLOGIES LIMITED	Additional director	09/06/2008	09/06/2008	11/02/2010	Active	NO
44	U93000AP2008PTC061736	KRISHNAPATNAM SECURITY SERVICES PRIVATE LIMITED	Director	06/11/2008	06/11/2008	11/02/2010	Active	NO
45	U45203AP2009PTC064061	NAVAYUGA DICHPALLY TOLLWAY PRIVATE LIMITED	Director	19/06/2009	19/06/2009	-	Active	NO
46	U40109AP2006PTC048975	KINETA POWER PRIVATE LIMITED	Director	25/03/2010	12/01/2010	-	Active	NO
47	U45200AP2007PLC052829	MACHILIPATNAM PORT LIMITED	Director	18/04/2011	06/02/2010	-	Active	NO
48	U61200AP2010PTC067529	EAST COAST LOGISTICS PRIVATE LIMITED	Director	12/03/2010	12/03/2010	-	Active	NO
49	U74990AP2010PTC067589	SUBHAM CORPORATION PRIVATE LIMITED	Director	18/03/2010	18/03/2010	-	Active	NO
50	U45203AP2010PTC068139	NAVAYUGA INFRA PROJECTS PRIVATE LIMITED	Director	28/04/2010	28/04/2010	-	Active	NO
51	U45203AP2010PTC068208	NAVAYUGA ROAD PROJECTS PRIVATE LIMITED	Director	01/05/2010	01/05/2010	-	Active	NO
52	U45309AP2010PTC068207	NAVAYUGA PORT PROJECTS PRIVATE LIMITED	Director	01/05/2010	01/05/2010	-	Active	NO
53	U74999AP2008PTC058448	VANPIC PORTS PRIVATE LIMITED	Director	20/09/2010	14/05/2010	12/05/2012	Active	NO
54	U45209AP2008PTC058696	GENEXX INFRATECH PRIVATE LIMITED	Director	20/09/2010	14/05/2010	12/05/2012	Active	NO
55	U61100AP2008PTC059256	KRISHNA SEAWAYS PRIVATE LIMITED	Director	17/05/2010	17/05/2010	-	Active	NO
56	U70102KA2010PTC054840	NAVA VISHWA SASHI VIJAYA KRISHNA PROPERTIES PRIVATE LIMITED	Director	18/08/2010	18/08/2010	-	Active	NO
57	U11100AP2010PTC071609	SOUTH EAST OIL COMPANY PRIVATE LIMITED	Director	10/12/2010	10/12/2010	-	Active	NO
58	U23101AP2010PTC071749	NELLORE COKE COMPANY PRIVATE LIMITED	Director	20/12/2010	20/12/2010	-	Active	NO
59	U23101AP2011PTC072034	SOUTHERN COKE COMPANY PRIVATE LIMITED	Director	04/01/2011	04/01/2011	-	Active	NO
60	U74999AP2011PTC075333	PRINASUBHAM IMPORTEXPORT PRIVATE LIMITED	Director	04/07/2011	04/07/2011	-	Active	NO
61	U45209AP2011PTC075951	NAVAYUGA TOLLWAYS PRIVATE LIMITED	Director	12/08/2011	12/08/2011	-	Active	NO
62	U40101AP2012PTC082052	OJU SUBANSIRI HYDRO POWER CORPORATION PRIVATE LIMITED	Director	18/07/2012	18/07/2012	-	Active	NO
63	U63030AP2012PTC083146	KRISHNAPATNAM PORT CONTAINER TERMINAL PRIVATE LIMITED	Director	17/09/2012	17/09/2012	-	Active	NO

Name :	Mr. Legala Vijay Anand Reddy
Designation :	Director
	House No.1-8/A, Lingampally Chanda Nagar, Hyderabad – 500019, Andhra Pradesh, India
Date of Birth/Age :	03.06.1973
Date of Appointment :	18.03.2010
DIN No.:	01474520

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	U72200AP2000PLC035176	MAPWORLD TECHNOLOGIES LIMITED	Director	25/08/2000	25/08/2000	22/05/2010	Active	NO
2	U72200AP2004PTC044662	NAVAYUGA SPATIAL TECHNOLOGIES PRIVATE LIMITED	Director	22/11/2004	22/11/2004	-	Active	NO
3	U74900AP2007PTC054344	GATEWAY MEDIA PRIVATE LIMITED	Director	20/06/2007	20/06/2007	22/05/2010	Active	NO
4	U72900AP2002PTC038412	SPATIAL NETWORKS PRIVATE LIMITED	Director	11/02/2008	11/02/2008	-	Active	NO
5	U72200AP2007PTC056771	INNOWE SOFTWARE SOLUTIONS PRIVATE LIMITED	Director	25/08/2008	25/08/2008	-	Active	NO
6	U45203AP1996PLC023529	KRISHNAPATNAM PORT COMPANY LIMITED	Whole-time director	09/10/2009	24/08/2009	-	Active	NO
7	U72200AP2009PTC065071	IMATICS TECHNOLOGIES PRIVATE LIMITED	Director	16/09/2009	16/09/2009	-	Active	NO
8	U62100AP2007PTC054340	NAVAYUGA FLYTECH PRIVATE LIMITED	Director	05/10/2009	05/10/2009	11/02/2010	Active	NO
9	U74990AP2010PTC067589	SUBHAM CORPORATION PRIVATE LIMITED	Director	18/03/2010	18/03/2010	-	Active	NO
10	U11100AP2010PTC071609	SOUTH EAST OIL COMPANY PRIVATE LIMITED	Director	10/12/2010	10/12/2010	-	Active	NO
11	U23101AP2011PTC072034	SOUTHERN COKE COMPANY PRIVATE LIMITED	Director	04/01/2011	04/01/2011	-	Active	NO
12	U74999AP2011PTC075333	PRINASUBHAM IMPORTEXPORT PRIVATE LIMITED	Director	04/07/2011	04/07/2011	-	Active	NO
13	U25203AP2011PTC076026	KP POLYOLEFIN SACKS PRIVATE LIMITED	Director	22/12/2011	22/12/2011	-	Active	NO
14	U72900AP2014PTC092423	PLAY MOTION PRIVATE LIMITED	Director	20/01/2014	20/01/2014	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Suresh
Designation :	General Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2013

Names of Shareholders	No. of Shares
C. Sasidhar	9999
C. Visweswara Rao	1
Total	10000

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Importer of Steam Coal.
Products / Services :	Indonesian Thermal Coal Australian Thermal Coal South African Thermal Coal Coking Coal
Imports :
Products :	Coal
Countries :	Indonesia South Africa

GENERAL INFORMATION

No. of Employees :

7 (Approximately)

Bankers :

• ICICI Bank Limited, Landmark Race Cource Circle, Alkapuri, Baroda 390015, Gujarat, India

• Oriental Bank of Commerce, Jubilee Hill Branch, Hyderabad – 500033, Andhra Pradesh, India

Facilities :

Secured Loan

(Rs. In Millions)

Particulars	As on 31.03.2012
SHORT TERM BORROWINGS
Working capital loans from banks	14.954
Loans repayable on demand	1156.731
Total	1171.685

Particulars	As on 31.03.2011 (Rs. in Millions)
ICICI Bank Limited – Buyer Credit	298.278
ICICI Bank Limited – Over Draft	19.622
Total	317.900

Banking Relations :	---
Auditors :
Name :	C Venkat Krishna and Company Chartered Accountants
Address :	909 A, Raghava Ratna Tower, Chirag Ali Lane, Abids, Hyderabad 500001, Andhra Pradesh, India
Tel No.:	91-40-23201035 / 23201611 / 23201598
Fax No.:	91-40-23201035 / 23201611 / 23201598
E-mail Id :	hyd_auditor@yahoo.co.in
PAN No.:	AABFC2051L
Associates :	Navayuga Engineering Company Limited Krishnapatnam Port Company Limited Seabase Impex Private Limited

CAPITAL STRUCTURE

As on 30.09.2013

Authorised Capital :

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

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Rs.10/- each	Rs. 0.100 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	0.100
(b) Reserves & Surplus	7.059
(c) Money received against share warrants	0.000
(2) Share Application money pending allotment	0.433
Total Shareholders’ Funds (1) + (2)	7.592
(3) Non-Current Liabilities
(a) long-term borrowings	0.000
(b) Deferred tax liabilities (Net)	3.078
(c) Other long term liabilities	0.000
(d) long-term provisions	0.000
Total Non-current Liabilities (3)	3.078
(4) Current Liabilities
(a) Short term borrowings	1191.556
(b) Trade payables	201.122
(c) Other current liabilities	298.181
(d) Short-term provisions	6.108
Total Current Liabilities (4)	1696.967
TOTAL	1707.637
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.105
(ii) Intangible Assets	0.000
(iii) Capital work-in-progress	0.000
(iv) Intangible assets under development	0.000
(b) Non-current Investments	0.050
(c) Deferred tax assets (net)	0.000
(d) Long-term Loan and Advances	0.000
(e) Other Non-current assets	0.179
Total Non-Current Assets	0.334
(2) Current assets
(a) Current investments	0.000
(b) Inventories	520.737
(c) Trade receivables	1131.260
(d) Cash and cash equivalents	0.839
(e) Short-term loans and advances	34.295
(f) Other current assets	20.172
Total Current Assets	1707.303
TOTAL	1707.637

SOURCES OF FUNDS		31.03.2011	31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		0.100	0.100
2] Share Application Money		0.433	0.433
3] Reserves & Surplus		0.217	0.000
4] (Accumulated Losses)		0.000	0.000
NETWORTH		0.750	0.533
LOAN FUNDS
1] Secured Loans		317.900	0.000
2] Unsecured Loans		0.120	0.000
TOTAL BORROWING		318.020	0.000
DEFERRED TAX LIABILITIES		0.000	0.000
TOTAL		318.770	0.533
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.000	0.000
Capital work-in-progress		0.000	0.000
INVESTMENT		0.000	0.000
DEFERREX TAX ASSETS		0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	174.529	0.000
	Sundry Debtors	21.427	0.000
	Cash & Bank Balances	0.138	0.096
	Other Current Assets	1.841	0.000
	Loans & Advances	125.343	0.000
Total Current Assets		323.278	0.096
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	3.983
	Other Current Liabilities	0.749	0.011
	Provisions	0.134
Total Current Liabilities		4.866	0.011
Net Current Assets		318.412	0.085
MISCELLANEOUS EXPENSES		0.358	0.448
TOTAL		318.770	0.533

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income	1735.458	222.196	0.000
		Other Income	0.006	0.000	0.000
		TOTAL (A)	1735.464	222.196	0.000
Less	EXPENSES
		Material Purchased		298.278	0.000
		Trading Expenses		71.498	0.000
		Administrative Expenses		1.077	0.011
		Personal Expenses		8.286	0.000
		(Increase) / Decrease in stock		(174.529)	0.000
		TOTAL (B)	1657.833	204.610	0.011
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		77.631	17.586	(0.011)
Less	FINANCIAL EXPENSES (D)		67.706	17.235	0.000
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		9.925	0.351	(0.011)
Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.005	0.000	0.000
	PROFIT / (LOSS) BEFORE TAX (E-F) (G)		9.920	0.351	(0.011)
Less	TAX (H)		3.078	0.134	0.000
	PROFIT / (LOSS) AFTER TAX (G-H) (I)		6.842	0.217	(0.011)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		0.217	0.000	0.000
Less	APPROPRIATIONS
		Transfer to Preliminary Expenses	0.000	0.000	(0.011)
	BALANCE CARRIED TO THE B/S		7.059	0.217	0.000
	IMPORTS
		Coal	0.000	336.900	0.000
	TOTAL IMPORTS		0.000	336.900	0.000
	Earnings Per Share (Rs.)		684.20	21.70	NA

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	0.39	0.10	0.00
Net Profit Margin (PBT/Sales)	(%)	0.57	0.16	0.00
Return on Total Assets (PBT/Total Assets}	(%)	0.58	0.11	(11.46)
Return on Investment (ROI) (PBT/Networth)		1.31	0.47	(0.03)
Debt Equity Ratio (Total Liability/Networth)		156.95	430.51	0.02
Current Ratio (Current Asset/Current Liability)		1.01	66.44	8.72

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

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	0.000	222.196	1735.458
			681.048

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	0.000	222.196	1735.458
Profit	(0.011)	0.217	6.842
		0.10%	0.39%

LOCAL AGENCY FURTHER INFORMATION

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

Unsecured Loan

(Rs. In Millions)

Particulars	As on 31.03.2012
SHORT TERM BORROWINGS
Loans and Advances from others	19.870
Total	19.870

Particulars	As on 31.03.2011
SHORT TERM BORROWINGS
Loans and Advances from others	0.120
Total	0.120

INDEX OF CHARGES: NO CHARGES EXIST FOR THE COMPANY

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.59.03
UK Pound	1	Rs.98.91
Euro	1	Rs.80.33

INFORMATION DETAILS

Information Gathered by :	GYT
Analysis Done by :	DIV
Report Prepared by :	ASH

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	5
--CREDIT LINES	1~10	3
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		29

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.