MIRA INFORM REPORT

Report Date :

01.03.2014

IDENTIFICATION DETAILS

Name :	CONCAST EXIM LIMITED
Registered Office :	21, Hemant Basu Sarani, 5^th Floor, Room No.511-512, Kolkata – 700 001, West Bengal
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	15.01.2009
Com. Reg. No.:	21-132009
Capital Investment / Paid-up Capital :	Rs.194.722 millions
CIN No.: [Company Identification No.]	U51101WB2009PLC132009
TAN No.: [Tax Deduction & Collection Account No.]	CALC06722C
PAN No.: [Permanent Account No.]	AADCC5575G AFNPP8311B
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Subject is engaged mainly in the business of Trading in Iron and Steel, Coal, Coke.
No. of Employees :	Information Declined By The Management.

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 18200000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having a satisfactory track record. The company has achieved fair profitability from its operational activities during the financial year 2013. 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 – December 1, 2013

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

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

INDIAN ECONOMIC OVERVIEW

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

EXTERNAL AGENCY RATING

Rating Agency Name	CARE
Rating	BBB – [Long Term Bank Facilities]
Rating Explanation	Moderate degree of safety and moderate credit risk.
Date	January 16, 2014

Rating Agency Name	CARE
Rating	A3 [Short Term Bank Facilities]
Rating Explanation	Moderate degree of safety and high credit risk.
Date	January 16, 2014

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 Co-operative

(Tel. No. : 91-33-40232323)

LOCATIONS

Registered Office/ Corporate Office :	21, Hemant Basu Sarani, 5^th Floor, Room No.511-512, Kolkata – 700 001, West Bengal, India
Tel. No.:	91-33-40232323/ 22130481-87
Fax No.:	91-33-40232323/ 22130488
E-Mail :	contact.concast@gmail.com mja_cal@yahoo.com mca@concastgroup.com
Website :	www.concastgroup.com
Works :	2, Ishwar Chandra Chatterjee Lane, Sodepur, 24 Parganas (N), West Bengal, India
Tel. No.:	91-33-25635327/ 28
Fax No.:	91-33-25536780

DIRECTORS

AS ON 28.09.2013

Name :

Mr. Sanjay Kumar Sureka

Designation :

Director

Address :

28/1, Shakespeare Sarani, Kolkata – 700 017, West Bengal, India

Date of Birth/Age :

22.01.1971

Date of Appointment :

15.01.2009

DIN No.:

00218025

PAN No.:

AMSPS0990B

Voter ID No.:

WB-23-146-069180

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	U51909WB1978PLC031558	SUREKA EXPORTS LTD	Director	02/11/1992	02/11/1992	-	Active	NO
2	U27101WB1941PLC010497	CONCAST ISPAT LTD	Managing director	01/04/2009	27/09/1999	-	Active	NO
3	U70109WB2002PTC094216	CONCAST INFRASTRUCTURE PRIVATE LIMITED	Director	16/04/2010	11/02/2002	-	Active	NO
4	U27109WB1995PLC071063	CONCAST BENGAL INDUSTRIES LTD	Director	30/09/2011	12/02/2002	-	Active	NO
5	U15499WB2002PLC094218	ORGANIC GREEN FOODS LIMITED	Director	12/02/2002	12/02/2002	30/04/2009	Active	NO
6	U27109WB1995PLC067953	DANKUNI STEELS LTD	Director	10/04/2004	10/04/2004	-	Active	NO
7	U27109WB2004PLC099978	CONCAST ENERGY LIMITED	Director	28/09/2004	28/09/2004	04/05/2009	Active	NO
8	U14108WB2005PTC104298	BANKURA DRI MINING MANUFACTURERS COMPANY PRIVATE LIMITED	Director	27/07/2005	27/07/2005	-	Active	NO
9	U36900WB2006PTC108596	CONCAST BEVERAGES PRIVATE LIMITED	Director	17/03/2006	17/03/2006	-	Active	NO
10	U27106WB1996PLC076334	CONCAST GLOBAL LIMITED	Director	30/09/2011	13/05/2006	-	Active	NO
11	U51909WB2006PLC111597	CONCAST VYAPAAR LIMITED	Director	25/10/2006	25/10/2006	-	Active	NO
12	U27310WB2007PLC118140	CONCAST SHEETS & TUBES LIMITED	Director	28/08/2007	28/08/2007	04/05/2009	Active	NO
13	U51109WB1990PTC048957	JAI BHOLA TRADING COMPANY PVT. LTD.	Director	14/01/2008	14/01/2008	27/04/2009	Active	NO
14	U51909WB1995PLC072045	CONCAST STEEL & POWER LIMITED	Director	21/01/2014	03/07/2008	-	Active	NO
15	U27100WB2008PTC129844	CONCAST ENGINEERING PRIVATE LIMITED	Director	03/10/2008	03/10/2008	15/12/2012	Active	NO
16	U51101WB2009PLC132009	CONCAST EXIM LIMITED	Director	15/01/2009	15/01/2009	-	Active	NO
17	U85110WB2009PTC139889	INDO-US HEALTHCARE PRIVATE LIMITED	Director	03/12/2009	03/12/2009	15/12/2012	Active	NO
18	U10102AR2008PLC008257	CONCAST CEMENT INDUSTRIES LIMITED	Director	07/01/2010	07/01/2010	-	Active	NO
19	U40105AR2008PLC008256	SATYAM (NORTH EAST) THERMAL POWER LIMITED	Director	07/01/2010	07/01/2010	03/12/2012	Active	NO
20	U11101AR2010PLC008294	SATYAM (NORTH EAST) ENERGY LIMITED	Director	05/03/2010	05/03/2010	16/02/2012	Active	NO
21	U51101WB2010PTC151974	ROOTSTAR TRADELI NK PRIVATE LIMITED	Director	10/09/2010	10/09/2010	-	Active	NO
22	U45400WB2010PLC153282	CONCAST INFRATECH LIMITED	Director	22/09/2010	22/09/2010	10/12/2013	Active	NO
23	U51103WB2011PTC158382	CONCAST CEMENT PRIVATE LIMITED	Director	02/02/2011	02/02/2011	05/12/2012	Active	NO
24	U26922WB2006PTC109915	SWATI UDYOG PVT LTD	Director	21/06/2011	15/03/2011	25/01/2012	Active	NO
25	U41000WB2011PTC160977	CONCAST INDO RUSS WATER PRIVATE LIMITED	Director	21/03/2011	21/03/2011	05/12/2012	Active	NO
26	U64202WB1995PLC075980	I-WIN ADVISORY SERVICES LIMITED	Director	29/09/2011	02/05/2011	-	Active	NO
27	U51909WB2007PTC118553	SODEPUR COMMERCIAL PRIVATE LIMITED	Director	30/09/2011	01/06/2011	15/12/2012	Active	NO
28	U45400WB2011PTC170236	CONCAST DAMOH ROAD PROJECT PRIVATE LIMITED	Director	02/12/2011	02/12/2011	-	Active	NO
29	U45203WB2011PTC170728	CONCAST DHANETA ROAD PROJECTS PRIVATE LIMITED	Director	15/12/2011	15/12/2011	-	Active	NO
30	U45400WB2011PTC171198	CONCAST AMBHA ROAD PROJECTS PRIVATE LIMITED	Director	26/12/2011	26/12/2011	-	Active	NO
31	U45203WB2011PTC171173	CONCAST PATAN ROAD PROJECTS PRIVATE LIMITED	Director	26/12/2011	26/12/2011	-	Active	NO
32	U45400WB2011PTC171170	CONCAST JAWASA ROAD PROJECTS PRIVATE LIMITED	Director	26/12/2011	26/12/2011	-	Active	NO
33	U45400WB2012PTC171877	LIFEWOOD PROMOTERS PRIVATE LIMITED	Director	10/01/2012	10/01/2012	-	Active	NO
34	U45400WB2012PTC171876	HARDSOFT PROMOTERS PRIVATE LIMITED	Director	10/01/2012	10/01/2012	-	Active	NO
35	U45400WB2012PTC172398	CONCAST PATH BAMEETHA SATNA ROAD PROJECTS PRIVATE LIMITED	Director	17/01/2012	17/01/2012	-	Active	NO
36	U45400WB2012PTC171878	STARTREE RESIDENCY PRIVATE LIMITED	Director	16/02/2012	16/02/2012	-	Active	NO
37	U45203WB2012PTC183550	CONCAST SENDHWA ROAD PROJECTS PRIVATE LIMITED	Director	06/07/2012	06/07/2012	-	Active	NO
38	U23101ML2012PTC008517	CARBOENERGY RESOURCES PRIVATE LIMITED	Director	22/08/2012	22/08/2012	-	Active	NO
39	U40300WB2012PTC186479	CONCAST SOLAR POWER PRIVATE LIMITED	Director	26/09/2012	26/09/2012	28/01/2013	Active	NO
40	U45400WB2012PTC186737	CONCAST MORENA ROAD PROJECTS PRIVATE LIMITED	Director	03/10/2012	03/10/2012	-	Active	NO
41	U45400WB2012PTC189322	CONCAST BADNAGAR ROAD PROJECTS PRIVATE LIMITED	Director	18/12/2012	18/12/2012	-	Active	NO
42	U45400WB2013PTC195801	CONCAST JABALPUR ROAD PROJECTS PRIVATE LIMITED	Director	23/07/2013	23/07/2013	-	Active	NO
43	U74900WB2013PLC197050	CONCAST COMMOTRADE LIMITED	Director	05/09/2013	05/09/2013	-	Active	NO
44	U45400WB2014PTC200055	CONCAST HYUNDAI HALDIA PORT PRIVATE LIMITED	Director	07/02/2014	07/02/2014	-	Active	NO
45	AAA-5148	SANJAY COMMOTRADE LLP	Designated Partner	10/06/2011	10/06/2011	-	Active	NO

Name :

Mr. Chetan Kumar Vinod Kumar Jain

Designation :

Whole Time Director

Address :

F-53/7, Karunamoyee Estate, Salt Lake, Kolkata – 700 091, West Bengal, India

Date of Birth/Age :

30.01.1974

Date of Appointment :

01.03.2013

DIN No.:

00694433

PAN No.:

ACYPJ1473G

Voter ID No.:

WB/20/139/783602

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	U51109WB1994PTC063377	CAMPO COMMERCIAL PVT.LTD.	Director	27/02/1997	27/02/1997	-	Strike off	NO
2	U74140WB2005PTC106250	FASTRACK LOGISTICS & SERVICES PRIVATE LIMITED	Director	15/05/2006	15/05/2006	01/09/2009	Active	NO
3	U51101WB2009PLC132009	CONCAST EXIM LIMITED	Whole-time director	01/03/2013	14/01/2010	-	Active	NO
4	U27106WB1996PLC076334	CONCAST GLOBAL LIMITED	Additional director	15/01/2010	15/01/2010	-	Active	NO
5	U51101WB2010PTC151974	ROOTSTAR TRADELI NK PRIVATE LIMITED	Director	10/09/2010	10/09/2010	-	Active	NO
6	U45400WB2010PLC153282	CONCAST INFRATECH LIMITED	Director	22/09/2010	22/09/2010	-	Active	NO
7	U28999WB2010PTC154383	CONCAST WHEEL & AXLE PRIVATE LIMITED	Director	01/11/2010	01/11/2010	-	Active	NO
8	U51103WB2011PTC158382	CONCAST CEMENT PRIVATE LIMITED	Director	02/02/2011	02/02/2011	-	Active	NO
9	U26922WB2006PTC109915	SWATI UDYOG PVT LTD	Director	15/03/2011	15/03/2011	26/09/2013	Active	NO
10	U41000WB2011PTC160977	CONCAST INDO RUSS WATER PRIVATE LIMITED	Director	21/03/2011	21/03/2011	-	Active	NO
11	U64202WB1995PLC075980	I-WIN ADVISORY SERVICES LIMITED	Director	29/09/2011	02/05/2011	-	Active	NO
12	U45400WB2011PTC170236	CONCAST DAMOH ROAD PROJECT PRIVATE LIMITED	Director	02/12/2011	02/12/2011	-	Active	NO
13	U45203WB2011PTC170728	CONCAST DHANETA ROAD PROJECTS PRIVATE LIMITED	Director	15/12/2011	15/12/2011	-	Active	NO
14	U45400WB2011PTC171198	CONCAST AMBHA ROAD PROJECTS PRIVATE LIMITED	Director	26/12/2011	26/12/2011	-	Active	NO
15	U45203WB2011PTC171173	CONCAST PATAN ROAD PROJECTS PRIVATE LIMITED	Director	26/12/2011	26/12/2011	-	Active	NO
16	U45400WB2011PTC171170	CONCAST JAWASA ROAD PROJECTS PRIVATE LIMITED	Director	26/12/2011	26/12/2011	-	Active	NO
17	U45400WB2012PTC172398	CONCAST PATH BAMEETHA SATNA ROAD PROJECTS PRIVATE LIMITED	Director	17/01/2012	17/01/2012	-	Active	NO
18	U51909WB2012PTC179671	SHIVBHAKTI MERCANTILE PRIVATE LIMITED	Director	04/05/2012	04/05/2012	-	Active	NO
19	U51909WB2012PTC182376	DHANAPATI RETAILERS PRIVATE LIMITED	Director	05/07/2012	05/07/2012	-	Active	NO
20	U45203WB2012PTC183550	CONCAST SENDHWA ROAD PROJECTS PRIVATE LIMITED	Director	06/07/2012	06/07/2012	09/12/2013	Active	NO
21	U40300WB2012PTC186479	CONCAST SOLAR POWER PRIVATE LIMITED	Director	26/09/2012	26/09/2012	-	Active	NO
22	U45400WB2012PTC186737	CONCAST MORENA ROAD PROJECTS PRIVATE LIMITED	Director	03/10/2012	03/10/2012	-	Active	NO
23	U85110WB2009PTC139889	INDO-US HEALTHCARE PRIVATE LIMITED	Director	30/09/2013	05/12/2012	-	Active	NO
24	U45400WB2012PTC189322	CONCAST BADNAGAR ROAD PROJECTS PRIVATE LIMITED	Director	18/12/2012	18/12/2012	09/12/2013	Active	NO
25	U45400WB2013PTC195801	CONCAST JABALPUR ROAD PROJECTS PRIVATE LIMITED	Director	23/07/2013	23/07/2013	09/12/2013	Active	NO
26	U45400WB2013PTC194205	DHANAASHA NIRMAAN PRIVATE LIMITED	Director	31/08/2013	31/08/2013	-	Active	NO
27	U74900WB2013PLC197050	CONCAST COMMOTRADE LIMITED	Director	05/09/2013	05/09/2013	-	Active	NO
28	U45400WB2014PTC200055	CONCAST HYUNDAI HALDIA PORT PRIVATE LIMITED	Director	07/02/2014	07/02/2014	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Sumit Sushil Kanungo
Designation :	Secretary
Address :	655 Block 'O', New Alipore, Kolkata – 700 053, West Bengal, India
Date of Birth/Age :	03.10.1984
Date of Appointment :	01.11.2012
Mobile No.:	91-9836220578
E-Mail:	sumitkanungo@concastgroup.com
PAN No.:	CIDPK5745H

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 28.09.2013

NOTE: SHAREHOLDING DETAILS FILE ATTACHED.

AS ON 28.09.2013

Equity Share Breakup	Percentage of Holding
Category
Bodies corporate	99.72
Directors or relatives of directors	0.26
Other top fifty shareholders	0.02
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged mainly in the business of Trading in Iron and Steel, Coal, Coke.

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

· Central Bank of India, Corporate Finance Branch, 33, Netaji Subhas Road, Kolkata – 700 001, West Bengal, India

· State Bank of Travancore, Kolkata Main Branch, 36, Jawaharlal Nehru Road, Kolkata – 700071, West Bengal, India

· UCO Bank (Lead Bank), Flagship Corporate Branch 3, Netaji Subhas Road, Kolkata - 700 001, West Bengal, India

· Canara Bank, Prime Corporate Branch, Bells House, 21, Camac Street, Ground Floor, Kolkata – 700 016, West Bengal, India

· Vijaya Bank , Overseas Branch, 125/1 Park Street, Kolkata – 700 017, West Bengal, India

· Andhra Bank, Kolkata Main Branch, 14/1B, EZRA Street, Kolkata - 700 001, West Bengal, India

· State Bank of Bikaner and Jaipur, 20-B, Park Street, Kolkata – 700 017, West Bengal, India

Facilities :

SECURED LOANS	31.03.2013 (Rs. in Millions)	31.03.2012 (Rs. in Millions)
Long Term Borrowing
Other Loans and Advances	0.809	4.817
Short Term Borrowing
Working capital loans from banks	5798.817	3987.063
TOTAL	5799.626	3991.880

Banking Relations :	--
Auditors :
Name :	M. Jain and Associates Chartered Accountants
Address :	Mercantile Building, 9/12, Lal Bazar Street, Block – B, 4^th Floor, Kolkata – 700 001, West Bengal, India
Income-tax PAN of auditor or auditor's firm :	AADCF2465F
Associates :	· Concast Ispat Limited, India (CIN No.: U27101WB1941PLC010497) · Concast Bengal Industries Limited, India (CIN No.: U27109WB1995PLC071063) · Concast Steel and Power Limited, India (CIN No.: U51909WB1995PLC072045) · Concast Global Limited, India (CIN No.: U27106WB1996PLC076334) · Concast Vyapaar Limited, India (CIN No.: U51909WB2006PLC111597) · Sanjay Commotrade LLP · Dankuni Steels Limited, India (CIN No.: U27109WB1995PLC067953) · Concast Infratech Limited, India (CIN No.: U45400WB2010PLC153282) · Concast Ambha Road Projects Private Limited · Concast Damoh Road Project Private Limited · Concast Dhaneta Road Projects Private Limited · Concast Jawasa Road Projects Private Limited · Concast Patan Road Projects Private Limited · Concast Path Bameetha Satna Road Projects Private Limited · Concast Energy Limited, India (CIN No.: U27109WB2004PLC099978) · Concast Infrastructure Private Limited · Organic Green Foods Limited, India (CIN No.: U15499WB2002PLC094218) · Concast Singapore PTE Limited · Concast Leasing and Finance Limited, India (CIN No.: U67190WB2011PTC158382) · Dalkuni Steels Limited · Concast Badnagar Road Projects Private Limited · I WIN Advisory Services Limited · Sodepur Commercial Private Limited · Concast Singapore PTE Limited · Sureka Export Limited

CAPITAL STRUCTURE

AS ON 28.09.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
24000000	Equity Shares	Rs.10/- each	Rs.240.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
19472160	Equity Shares	Rs.10/- each	Rs.194.722 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	194.722	194.722	174.245
(b) Reserves & Surplus	4000.764	3609.579	2302.525
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	350.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	4545.486	3804.301	2476.770
(3) Non-Current Liabilities
(a) long-term borrowings	0.809	4.817	0.000
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	0.000	0.000	100.000
(d) long-term provisions	320.000	170.000	30.000
Total Non-current Liabilities (3)	320.809	174.817	130.000
(4) Current Liabilities
(a) Short term borrowings	5798.817	3987.063	2560.961
(b) Trade payables	5041.942	5024.157	4294.773
(c) Other current liabilities	28.490	68.441	18.589
(d) Short-term provisions	194.575	150.000	140.000
Total Current Liabilities (4)	11063.824	9229.661	7014.323
TOTAL	15930.119	13208.779	9621.093
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	176.336	178.463	146.423
(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	5.000	5.000	28.915
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	1.008	175.107	74.561
(e) Other Non-current assets	0.223	0.447	0.670
Total Non-Current Assets	182.567	359.017	250.569
(2) Current assets
(a) Current investments	54.631	138.050	41.932
(b) Inventories	3380.935	3379.363	1614.833
(c) Trade receivables	9533.545	7457.706	6723.715
(d) Cash and cash equivalents	1295.509	1010.210	502.965
(e) Short-term loans and advances	1482.932	864.433	487.079
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	15747.552	12849.762	9370.524
TOTAL	15930.119	13208.779	9621.093

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2013	31.03.2012	31.03.2011
	SALES
	Income	37,816.743	29,570.038	23,007.370
	Other Income	94.135	59.105	79.666
	TOTAL (A)	37,910.878	29,629.143	23,087.036
Less	EXPENSES
	Purchases of Stock-in-Trade	36,180.580	29,971.324	23,492.186
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(1.572)	(1,764.530)	(1,299.054)
	Employees benefits expense	10.771	10.156	4.716
	Other expenses	267.450	213.716	123.484
	TOTAL (B)	36,457.229	28,430.666	22,321.332
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	1,453.649	1,198.477	765.704
Less	FINANCIAL EXPENSES (D)	864.974	742.387	329.464
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	588.675	456.090	436.240
Less/ Add	DEPRECIATION/ AMORTISATION (F)	2.915	2.360	2.448
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	585.760	453.730	433.792
Less	TAX (I)	194.575	150.000	140.000
	PROFIT/ (LOSS) AFTER TAX (G-I)	391.185	303.730	293.792
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD	715.141	411.410	117.618
	Balance Carried to the B/S	1,106.326	715.140	411.410
	EARNINGS IN FOREIGN CURRENCY	NIL	NIL	NIL
	Earnings / (Loss) Per Share (Rs.)	20.09	17.17	19.45

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	1.03	1.03	1.27
Net Profit Margin (PBT/Sales)	(%)	1.55	1.53	1.89
Return on Total Assets (PBT/Total Assets}	(%)	3.68	3.47	4.54
Return on Investment (ROI) (PBT/Networth)		0.13	0.12	0.18
Debt Equity Ratio (Total Debt/Networth)		1.28	1.05	1.03
Current Ratio (Current Asset/Current Liability)		1.42	1.39	1.33

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2011	31.03.2012	31.03.2013
	(INR in Mlns.)	(INR in Mlns.)	(INR in Mlns.)
Share Capital	174.245	194.722	194.722
Reserves & Surplus	2,302.579	3,609.579	4,000.764
Share Application money pending allotment	0.000	0.000	350.000
Net worth	2,476.824	3,804.301	4,545.486
long-term borrowings	0.000	4.817	0.809
Short term borrowings	2,560.961	3,987.063	5,798.817
Total borrowings	2,560.961	3,991.880	5,799.626
Debt/Equity ratio	1.034	1.049	1.276

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2011	31.03.2012	31.03.2013
	(INR in Mlns)	(INR in Mlns)	(INR in Mlns)
Sales	23,007.370	29,570.038	37,816.743
		28.524	27.889

NET PROFIT MARGIN

Year on Year Growth	31.03.2011	31.03.2012	31.03.2013
	(INR in Mlns)	(INR in Mlns)	(INR in Mlns)
Sales	23,007.370	29,570.038	37,816.743
Profit After Tax	293.792	303.730	391.185
	1.28%	1.03%	1.03%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	No
9]	Name of person contacted	No
10]	Designation of contact person	No
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	--
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	No
20]	Export / Import details (if applicable)	No
21]	Market information	--
22]	Litigations that the firm / promoter involved in	--
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	--
26]	Buyer visit details	--
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	PAN of Proprietor/Partner/Director, if available	No
32]	Date of Birth of Proprietor/Partner/Director, if available	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	Yes
34]	External Agency Rating, if available	Yes

INDEX OF CHARGES:

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10368443	30/06/2012	500,000,000.00	BANK OF BARODA	M G ROAD BRANCH, 172 M.G.ROAD, KOLKATA, West Beng  al - 700007, INDIA	B44860872
2	10324089	22/01/2013 *	525,000,000.00	CANARA BANK	PRIME CORPORATE BRANCH, BELLS HOUSE, 21, CAMAC S  TREET, GROUND FLOOR, KOLKATA, West Bengal - 700016  , INDIA	B67497321
3	10320562	31/12/2012 *	1,000,000,000.00	ANDHRA BANK	KOLKATA MAIN BRANCH, 14/1B, EZRA STREET, KOLKATA,  West Bengal - 700001, INDIA	B69044758
4	10320213	19/11/2011	800,000,000.00	BANK OF INDIA	KOLKATA LARGE CORPORATE BRANCH,, 5, B.T.M. SARANI  ,, KOLKATA, West Bengal - 700001, INDIA	B26344507
5	10319855	09/01/2013 *	620,000,000.00	VIJAYA BANK	OVERSEAS BRANCH, 125/1 PARK STREET, KOLKATA, West  Bengal - 700017, INDIA	B67895284
6	10319888	10/11/2012 *	930,000,000.00	STATE BANK OF TRAVANCORE	Kolkata Main Branch,, 36, Jawaharlal Nehru Road,  Kolkata, West Bengal - 700071, INDIA	B63396527
7	10315554	02/01/2013 *	900,000,000.00	CENTRAL BANK OF INDIA	Corporate Finance Branch,, 33, Netaji Subhas Road  , Kolkata, West Bengal - 700001, INDIA	B65663809
8	10311285	09/10/2012 *	1,060,000,000.00	State Bank of Bikaner & Jaipur	20-B, Park Street,, Kolkata, West Bengal - 700016,  INDIA	B64798507
9	10249674	25/02/2012 *	500,000,000.00	STATE BANK OF INDIA	Industrial Finance Branch, Kolkata, 11, Dr. U. N.  Brahmachari Street, Kolkata, West Bengal - 700017  , INDIA	B33884743
10	10241389	17/12/2012 *	1,500,000,000.00	DENA BANK	CORPORATE BUSINESS BRANCH, 238B, AJC BOSE ROAD, K  OLKATA, West Bengal - 700020, INDIA	B65183071

* Date of charge modification

PERFORMANCE:

During the year, the Company has earned an operational income of Rs.37816.700 millions against Rs. 29570.000 millions in the previous financial year. The Company has earned Profit after Tax of Rs.391.100 millions compared to Rs. 303.700 millions in the previous year.

CONTINGENT LIABILITY

Particulars	31.03.2013 (Rs. in millions)
In respect of letter of credit issued by the banks but materials not received.	1997.400

FIXED ASSETS:

· Land

· Buildings

· Plant and Equipment

· Furniture and Fixtures

· Vehicles

· Office Equipment

· Computer 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.62.07
UK Pound	1	Rs.103.61
Euro	1	Rs.85.03

INFORMATION DETAILS

Information Gathered by :	NYA
Report Prepared by :	SNT

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	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
--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.