MIRA INFORM REPORT

Report Date :

20.03.2014

IDENTIFICATION DETAILS

Name :	ORISSA STEVEDORES LIMITED
Registered Office :	Badapadia, Pardeep Port, Paradeep, Jagatsinghpur – 754 142, Orissa
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	14.07.1978
Com. Reg. No.:	15-000771
Capital Investment / Paid-up Capital :	Rs.649.070 Millions
CIN No.: [Company Identification No.]	U35112OR1978PLC000771
TAN No.: [Tax Deduction & Collection Account No.]	BBNO00140A
PAN No.: [Permanent Account No.]	AAACO2100L
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer, Distributor Wholesaler, Service Provider of Indian Sub-Continent.
No. of Employees :	10000 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (34)

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

Maximum Credit Limit :	USD 6400000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having a moderate track record. The rating takes into consideration stretched liquidity position because of its substantial term debt repayments. However, trade relations are fair. Business is active. Payments are reported to be slow but correct. The company can be considered for business dealing with some cautions.

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

State-run banks hired nearly 300000 personnel including more than 94000 officers in the last four years, according to the Indian Banks Association. A study by trade lobby Assocham in September 2013 indicated that banks would need 800000 people in the next six years. It estimated that state-run lenders alone would hire 50000 people in 2013/14.

The Competition Commission of India plans to issue final orders within a broad time-frame of one year in matters where it decides to carry out detailed investigations. The number of complaints received by the watchdog which keeps tabs on unfair trade practices in the marketplace.

The government has detected custom tax evasion totaling around Rs 37920 mn in 14 states until December. Maharashtra topped the list of Rs 14190 mn followed by Andhra Pradesh at Rs 8140 mn, Gujarat Rs 5240 mn, Karnataka Rs 1670 mn and Tamilnadu Rs 1610 mn.

Connaught Place in New Delhi slipped four notches to become the world’s eighth most expensive office locations. London’s West End is the world’s most expensive office market.

There are 4.072 mn number of high value spenders under the scanner of the income tax department. The income tax department has information that they have made cash deposits announcing to Rs 1 mn or more in their savings bank accounts in the current financial year. It plans to check potential evasion before the closing of the financial year on March 31.

Estimated pharmaceutical sales in the country for 2016 is $ 27 bn. It is 14.4 per cent higher than a year ago. The life sciences and health care industry is up against challenges such as quality management, says a recent Deloitte report.

The gross non-performing assets of listed banks rose 35.2 % to Rs 2.43 lakh crore during the first three months of the financial year. In absolute terms, the 40 listed banks added Rs 3386 crore to their gross NPAs in nine months with the State Bank of India leading with the State Bank of India leading with an accretion of Rs 16610 crore.

The inflow of smuggled gold doubled in 2013 following restrictions to curb the supply from official channels to contain the current account deficit. China surpassed India in the demand for gold for the first time in 2013 due to liberalization of gold trading norms by its local governments.

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	Long Term Rating=BB
Rating Explanation	Have moderate risk of default.
Date	07.01.2014

Rating Agency Name	CRISIL
Rating	Short Term Rating=A4+
Rating Explanation	Have minimal degree of safety and carry very high credit risk.
Date	07.01.2014

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 PARTED BY

Name :	Mr. P. K. Satpati
Designation :	Finance Manager
Contact No.:	91-9437183035
Date :	14.03.2014

LOCATIONS

Registered Office :	Badapadia, Pardeep Port, Paradeep, Jagatsinghpur – 754 142, Orissa, India
Tel. No.:	91-6722-222134 / 222471 / 222534
Mobile No.:	91-9437183035 (Mr. P. K. Satpati)
Fax No.:	91-6722-222787
E-Mail :	pradeip@oglgroup.in
Website :	www.oslgroup.in
Branch Office :	Located at : · Haldia · Chennai · Talcher · Goplapur · Lanjigarh · Delhi · Charbatia · Vishakhapatanam · Jharsuguda · Kolkata · Korba · Kakinda · Joda · Jaipur · Krishnapatnam · Mundra Port

DIRECTORS

AS ON 30.09.2013

Name :

Mr. Mahimananda Mishra

Designation :

Managing Director

Address :

Mahimananda Mishra Oriya Bazar, Cuttack – 753 001, Orissa, India

Date of Birth/Age :

07.05.1953

Date of Appointment :

01.10.2012

DIN No.:

01584547

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Company/ LLP Status	Defaulting status
1	U35112OR1978PLC000771	ORISSA STEVEDORES LIMITED	Managing director	01/10/2012	08/02/1981	Active	NO
2	U55101OR1983PTC001175	INNS AND RESORTS PRIVATE LIMITED	Director	27/05/1994	27/05/1994	Active	NO
3	U55101OR1982PTC001054	BHARGAVI ENTERPRISES PRIVATE LIMITED	Managing director	18/03/1999	18/03/1999	Active	NO
4	U55101OR1986PTC001714	HOTEL VIRGO PRIVATE LIMITED	Director	10/12/1999	10/12/1999	Active	NO
5	U74999OR2000PTC006129	CENTURY PLAZA PRIVATE LIMITED	Managing director	14/03/2000	14/03/2000	Active	NO
6	U26291OR1996PTC004688	NANDIGHOSH COAL AND COKE PRODUCT PRIVATE LIMITED	Managing director	10/10/2000	10/10/2000	Active	NO
7	U55101OR2001PTC006466	GOLDEN HORIZON RESORTS PRIVATE LIMITED	Director	22/03/2001	22/03/2001	Active	NO
8	U32303OR1998PTC005415	ORISSA MAGNETICS PRIVATE LIMITED	Director	28/12/2002	28/12/2002	Active	NO
9	U50101OR2000PTC006128	OSL MOTORS PRIVATE LIMITED	Director	21/01/2003	21/01/2003	Active	NO
10	U45208OR1993PTC003411	ORISSA STEVEDORES (OVERSEAS) PRIVATE LIMITED	Managing director	21/09/2003	21/09/2003	Active	NO
11	U23101OR2003PTC007329	PURVI BHARAT COAL PRODUCTS PRIVATE LIMITED	Director	25/09/2003	25/09/2003	Active	NO
12	U63032OR2006PLC008831	GOPALPUR PORTS LIMITED	Managing director	27/06/2012	24/07/2006	Active	NO
13	U13209OR2008PTC010400	OSL IRC ENTERPRISES PRIVATE LIMITED	Director	27/10/2008	27/10/2008	Active	NO
14	U10100MP2009PLC022514	BHATIA OSL WASHERIES & MINERALS LIMITED	Director	16/10/2009	16/10/2009	Active	NO

Name :

Mr. Chandan Mishra

Designation :

Whole Time Director

Address :

Chandan Mishra, Oriya Bazar, Cuttack – 753 001, Orissa, India

Date of Birth/Age :

11.09.1979

Date of Appointment :

25.09.2001

DIN No.:

01511267

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	U55101OR1982PTC001054	BHARGAVI ENTERPRISES PRIVATE LIMITED	Whole-time director	18/03/1999	18/03/1999	-	Active	NO
2	U35112OR1978PLC000771	ORISSA STEVEDORES LIMITED	Whole-time director	25/09/2001	25/09/2001	-	Active	NO
3	U50101OR2000PTC006128	OSL MOTORS PRIVATE LIMITED	Whole-time director	21/01/2003	21/01/2003	-	Active	NO
4	U55101WB1992PLC055642	CASUARINA HOTELS & RESORTS LIMITED	Director	30/09/2003	30/09/2003	-	Active	NO
5	U74999OR2000PTC006129	CENTURY PLAZA PRIVATE LIMITED	Director	03/09/2004	03/09/2004	-	Active	NO
6	U45208OR1993PTC003411	ORISSA STEVEDORES (OVERSEAS) PRIVATE LIMITED	Whole-time director	30/09/2004	30/09/2004	-	Active	NO
7	U50101OR2007PTC009253	OSL PRESTIGE PRIVATE LIMITED	Director	30/03/2007	30/03/2007	-	Active	NO
8	U24233DL2007PTC171542	OSL HEALTHCARE PRIVATE LIMITED	Director	17/12/2007	17/12/2007	-	Active	NO
9	U50100OR2008PTC010055	OSL AUTOCAR PRIVATE LIMITED	Director	27/05/2008	27/05/2008	-	Active	NO
10	U45400WB2008PTC125381	NEELANCHAL CONSTRUCTIONS PRIVATE LIMITED	Director	07/07/2008	07/07/2008	-	Active	NO
11	U50100OR2008PTC010437	OSL EXCLUSIVE PRIVATE LIMITED	Director	17/11/2008	17/11/2008	-	Active	NO
12	U27104OR1995PLC003820	PURVI BHARAT STEEL LIMITED	Director	15/12/2008	15/12/2008	06/07/2012	Active	NO
13	U63090OR2010PTC011750	OSL BALAJI ENTREPOT PRIVATE LIMITED	Director	18/03/2010	18/03/2010	-	Active	NO
14	U63010OR2010PTC012715	OSL CARGOWAYS PRIVATE LIMITED	Director	22/11/2010	22/11/2010	-	Strike off	NO
15	U63010OR2011PTC013241	OSL MARINE SOLUTIONS PRIVATE LIMITED	Director	01/03/2011	01/03/2011	-	Active	NO
16	U52599WB2003PTC096732	ROAD SIGN TECHNOLOGIES PRIVATE LIMITED	Director	01/08/2013	07/07/2012	-	Active	NO
17	U51494OR2012PTC015889	OSL LUXURY COLLECTIONS PRIVATE LIMITED	Managing director	31/08/2012	31/08/2012	-	Active	NO
18	U45201WB2000PTC092449	J N B BUILD-TECH PRIVATE LIMITED	Director	30/03/2013	30/03/2013	-	Active	NO
19	U50401OR2013PTC016975	OSL SCANDINAVIAN PRIVATE LIMITED	Director	10/06/2013	10/06/2013	-	Active	NO

Name :

Mr. Charchit Mishra

Designation :

Whole Time Director

Address :

Chandan Mishra, Oriya Bazar, Cuttack – 753 001, Orissa, India

Date of Birth/Age :

13.09.1982

Date of Appointment :

01.04.2003

DIN No.:

01511272

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Company/ LLP Status	Defaulting status
1	U50101OR2000PTC006128	OSL MOTORS PRIVATE LIMITED	Whole-time director	14/03/2000	14/03/2000	Active	NO
2	U35112OR1978PLC000771	ORISSA STEVEDORES LIMITED	Whole-time director	01/04/2003	01/04/2003	Active	NO
3	U55101WB1992PLC055642	CASUARINA HOTELS & RESORTS LIMITED	Director	19/05/2003	19/05/2003	Active	NO
4	U26291OR1996PTC004688	NANDIGHOSH COAL AND COKE PRODUCT PRIVATE LIMITED	Director	06/01/2004	06/01/2004	Active	NO
5	U74999OR2000PTC006129	CENTURY PLAZA PRIVATE LIMITED	Whole-time director	03/09/2004	03/09/2004	Active	NO
6	U32303OR1998PTC005415	ORISSA MAGNETICS PRIVATE LIMITED	Director	30/09/2004	30/09/2004	Active	NO
7	U45208OR1993PTC003411	ORISSA STEVEDORES (OVERSEAS) PRIVATE LIMITED	Director	30/09/2004	30/09/2004	Active	NO
8	U50101OR2007PTC009253	OSL PRESTIGE PRIVATE LIMITED	Managing director	30/03/2007	30/03/2007	Active	NO
9	U24233DL2007PTC171542	OSL HEALTHCARE PRIVATE LIMITED	Director	17/12/2007	17/12/2007	Active	NO
10	U50100OR2008PTC010055	OSL AUTOCAR PRIVATE LIMITED	Managing director	27/05/2008	27/05/2008	Active	NO
11	U63032OR2006PLC008831	GOPALPUR PORTS LIMITED	Director	30/09/2008	30/09/2008	Active	NO
12	U63090OR2010PTC011750	OSL BALAJI ENTREPOT PRIVATE LIMITED	Director	18/03/2010	18/03/2010	Active	NO
13	U63010OR2010PTC012715	OSL CARGOWAYS PRIVATE LIMITED	Director	22/11/2010	22/11/2010	Strike off	NO
14	U52599WB2003PTC096732	ROAD SIGN TECHNOLOGIES PRIVATE LIMITED	Director	01/08/2013	07/07/2012	Active	NO
15	U45201WB2000PTC092449	J N B BUILD-TECH PRIVATE LIMITED	Director	30/03/2013	30/03/2013	Active	NO
16	U15421OR2004PLC007710	NAYAAGARH SUGAR COMPLEX LIMITED	Director	15/09/2013	15/09/2013	Active	NO
17	U50101OR2005PTC008344	OSL AUTOMOBILES PRIVATE LIMITED	Director	10/02/2014	10/02/2014	Active	NO

KEY EXECUTIVES

Name :	Ms. Rashmi Ranjan Panda
Designation :	Secretary
Address :	Ploty No.884, Prasanti Vihar, Bhubaneswar, Khurda – 751 024, Orrisaa, India
Date of Birth/Age :	04.05.1976
Date of Appointment :	08.02.2011
PAN No.:	ASLPP9132B

MAJOR SHAREHOLDERS

AS ON 30.09.2013

SHAREHOLDERS DETAILS FILE ATTACHED

Equity Share Break up (Percentage of Total Equity)

AS ON 30.09.2013

Category	Percentage
Bodies corporate	54.45
Directors or relatives of Directors	45.55
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer, Distributor Wholesaler, Service Provider of Indian Sub-Continent.
Imports :
Products :	Raw material
Countries :	· China · USA · Germany

GENERAL INFORMATION

No. of Employees :

10000 (Approximately)

Bankers :

· Magma Fincorp Limited

· ICICI Bank

· Srei Equipment Finance Limited

· Srei Infrastructure Finance Limited

· ABN Amro Bank N-A

· HDFC Finance Limited

· TML Finance Limited

· Reliance Capital Limited

· L and T Finance Limited

· TATA Capital Finance

· Kotak Mahindra Limited

Facilities :

SECURED LOANS	31.03.2013 Rs. In Millions	31.03.2012 Rs. In Millions
Long Term Borrowings
Rupee Term Loans from Banks	0.000	186.400
Rupee Term Loans from Others	255.138	506.593
Other Loans and Advances (HDFC Bank Finance Limited secured against leased assets i.e. vehicles and equipments.)	769.970	81.241
Short Term Borrowings
Working Capital Loans from Banks	5.049	138.195
Loans repayable on demand	10.094	11.065
Total	1040.251	923.494

Banking Relations :	--
Auditors :
Name :	L N More and Company Chartered Accountants
Address :	Canal Road, Professor, Para Cuttack – 753 003, India
PAN No.:	AABFL7441B
Associates/Subsidiaries :	· Gopalpur Ports Limited · OSL Automobiles Private Limited · Nandi Ghosh Coke Private Limited · Purvi Bharat Coal and Coke Industries Private Limited · Purvi Bharat Steels Limited · Green Field Amusement Private Limited · Century Plaza Private Limited · OSL IRC Enterprises Private Limited · Orissa Stevedores (Overseas) Private Limited · OSL Motors (P) Limited · Hotel Casuarina · Bhargavi Enterprises Private Limited · Orissa Magnetics Private Limited · Inns and Resorts Private Limited · ACE Auto Cars Private Limited · OSL Auto Cars Private Limited · Golden Horizon Resorts Private Limited · OSL Exclusive Private Limited · Hotel Virgo Private Limited · OSL Health Care Private Limited · OSL Balaji Enterpot Private Limited

CAPITAL STRUCTURE

AS ON 30.09.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
70000000	Equity Shares	Rs.10/- each	Rs.700.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
64907000	Equity Shares	Rs.10/- each	Rs.649.070 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	649.070	649.070	215.365
(b) Reserves & Surplus	967.216	674.075	836.571
(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)	1616.286	1323.145	1051.936
(3) Non-Current Liabilities
(a) long-term borrowings	1025.108	774.234	1114.027
(b) Deferred tax liabilities (Net)	46.846	39.668	35.405
(c) Other long term liabilities	848.865	122.865	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	1920.819	936.767	1149.432
(4) Current Liabilities
(a) Short term borrowings	109.465	175.460	164.188
(b) Trade payables	212.559	182.272	127.482
(c) Other current liabilities	2828.802	2136.234	1710.210
(d) Short-term provisions	142.662	78.641	125.710
Total Current Liabilities (4)	3293.488	2572.607	2127.590
TOTAL	6830.593	4832.519	4328.958
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	1774.702	1208.729	1143.837
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	41.598	9.879	59.750
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	2220.310	1360.828	1431.261
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	573.628	414.208	211.653
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	4610.238	2993.644	2846.501
(2) Current assets
(a) Current investments	1.500	1.500	0.000
(b) Inventories	0.000	90.261	24.580
(c) Trade receivables	698.018	589.459	562.860
(d) Cash and cash equivalents	400.552	298.797	208.190
(e) Short-term loans and advances	1119.701	858.395	685.944
(f) Other current assets	0.584	0.463	0.883
Total Current Assets	2220.355	1838.875	1482.457
TOTAL	6830.593	4832.519	4328.958

PROFIT & LOSS ACCOUNT

	PARTICULARS			31.03.2013	31.03.2012	31.03.2011
	SALES
		Income		4921.953	4163.640	4097.380
		Other Income		50.598	34.138	38.204
		TOTAL (A)		4972.551	4197.778	4135.584
Less	EXPENSES
		Purchase of Stock-in-trade		0.000	119.113	78.457
		Changes in Inventories of finished goods, work-in-progress and stock-in-trade		90.261	(65.681)	(14.780)
		Employee Benefits Expenses		753.985	843.602	926.681
		Other Expenses		3274.291	2,702.296	2594.310
		TOTAL (B)		4118.537	3,599.330	3584.668
Less	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)			854.014	598.448	550.916
Less	FINANCIAL EXPENSES (D)			200.338	195.158	150.366
	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)			653.676	403.290	400.550
Less	DEPRECIATION/ AMORTISATION (F)			208.949	160.945	135.846
	PROFIT/(LOSS) BEFORE TAX (E-F) (G)			444.727	242.345	264.704
Less	TAX (H)			151.586	90.136	104.290
	PROFIT/(LOSS) AFTER TAX (G-H) (I)			293.141	152.209	160.414
	EARNINGS IN FOREIGN CURRENCY
			Export of Iron Ore Fines	NA	92.919	219.090
	TOTAL EARNINGS			NA	92.919	219.090
	Earnings Per Share (Rs.)			4.52	2.35	7.45

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	5.90	3.63	3.88
Net Profit Margin (PBT/Sales)	(%)	9.04	5.82	6.46
Return on Total Assets (PBT/Total Assets}	(%)	9.73	7.00	9.33
Return on Investment (ROI) (PBT/Networth)		0.28	0.18	0.25
Debt Equity Ratio (Total Debt /Networth)		0.70	0.72	1.22
Current Ratio (Current Asset/Current Liability)		0.67	0.71	0.70

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	215.365	649.070	649.070
Reserves & Surplus	836.571	674.075	967.216
Net worth	1051.936	1323.145	1616.286
long-term borrowings	1114.027	774.234	1025.108
Short term borrowings	164.188	175.460	109.465
Total borrowings	1278.215	949.694	1134.573
Debt/Equity ratio	1.215	0.718	0.702

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	4,097.380	4,163.640	4,921.953
		1.617	18.213

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	4,097.380	4,163.640	4,921.953
Profit	160.414	152.209	293.141
	3.92%	3.66%	5.96%

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	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	No
34]	External Agency Rating, if available	Yes

UNSECURED LOANS:

Particulars	31.03.2013 Rs. In Millions	31.03.2012 Rs. In Millions
Short Term Borrowings
Loans repayable on demand from Banks	0.000	1.200
Loans and Advances from related parties	94.322	25.000
Total	94.322	26.200

INDEX OF CHARGE:

Sr. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10482562	25/02/2014	33,750,000.00	AXIS BANK LIMITED	RAC - KOLKATA, LOARDS BUILDING, 1ST FLOOR, 7/1 LORD SINHA ROAD, KOLKATA, WEST BENGAL - 700071, INDIA	B98475429
2	10478423	31/01/2014	5,982,000.00	ICICI BANK LIMITED	LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA	B96742945
3	10471378	24/12/2013	32,512,500.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA	B93954964
4	10464124	22/11/2013	41,258,592.00	SREI EQUIPMENT FINANCE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA	B91094029
5	10458544	14/10/2013	17,764,377.00	ICICI BANK LIMITED	LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA	B88903331
6	10437909	11/07/2013	50,125,000.00	SREI EQUIPMENT FINANCE PRIVATE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA	B80073489
7	10437917	11/07/2013	50,127,000.00	SREI EQUIPMENT FINANCE PRIVATE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA	B80075575
8	10415780	27/03/2013 *	250,000,000.00	SREI EQUIPMENT FINANCE PRIVATE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA	B73432890
9	10387543	29/10/2012	70,400,000.00	THE SOUTH INDIAN BANK LIMITED	S I B HOUSE MISSION QUARTERST B ROAD, THRISSUR, KERALA - 680001, INDIA	B62345715
10	10389279	22/10/2012	76,500,000.00	ICICI BANK LIMITED	ICICI BANK LIMITED, LAND MARK RACE COURCE CIRCLE, VADODRA, GUJARAT - 390007, INDIA	B63081095
11	10384729	25/09/2012	43,133,803.00	TATA CAPITAL FINANCIAL SERVICES LIMITED	ONE FORBES,, DR. V. B. GANDHI MARG, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA	B61469805
12	10381095	29/08/2012	10,820,000.00	TATA CAPITAL FINANCIAL SERVICES LIMITED	ONE FORBES,, DR. V. B. GANDHI MARG, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA	B59917567
13	10380513	21/08/2012	2,040,000.00	TATA CAPITAL FINANCIAL SERVICES LIMITED	ONE FORBES,, DR. V. B. GANDHI MARG, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA	B59671503
14	10380504	21/08/2012	6,035,000.00	TATA CAPITAL FINANCIAL SERVICES LIMITED	ONE FORBES,, DR. V. B. GANDHI MARG, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA	B59669531
15	10380501	21/08/2012	6,800,000.00	TATA CAPITAL FINANCIAL SERVICES LIMITED	ONE FORBES,, DR. V. B. GANDHI MARG, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA	B59668772
16	10380491	21/08/2012	6,970,000.00	TATA CAPITAL FINANCIAL SERVICES LIMITED	ONE FORBES,, DR. V. B. GANDHI MARG, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA	B59667303
17	10380507	21/08/2012	7,055,000.00	TATA CAPITAL FINANCIAL SERVICES LIMITED	ONE FORBES,, DR. V. B. GANDHI MARG, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA	B59670190
18	10380496	21/08/2012	7,140,000.00	TATA CAPITAL FINANCIAL SERVICES LIMITED	ONE FORBES,, DR. V. B. GANDHI MARG, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA	B59668103
19	10380512	21/08/2012	7,140,000.00	TATA CAPITAL FINANCIAL SERVICES LIMITED	ONE FORBES,, DR. V. B. GANDHI MARG, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA	B59670935
20	10363400	25/06/2012	7,270,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA	B42762039
21	10363401	05/06/2012	6,936,526.00	SREI EQUIPMENT FINANCE PRIVATE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA	B42762005
22	10357600	25/05/2012	1,870,000.00	KOTAK MAHINDRA BANK LIMITED	36-38A, NARIMAN BHAVAN, 227,D,, NARIMAN POINT,, MUMBAI, MAHARASHTRA - 400021, INDIA	B40369290
23	10360190	10/05/2012	5,500,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA	B41443656
24	10356948	30/04/2012	4,785,000.00	ICICI BANK LIMITED	LAND MARK, RACE COURSE CIRCLE, VADODARA, GUJARAT - 390007, INDIA	B40079899
25	10354445	16/04/2012	126,126,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA	B39237953
26	10355953	09/04/2012	6,361,740.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA	B39688965
27	10343031	29/02/2012	50,931,623.00	TATA CAPITAL LIMITED	ONE FORBES, DR V B GANDHI MARG,FORT, MUMBAI, MAHA RASHTRA - 400001, INDIA	B35397033
28	10335376	15/01/2012	175,362,124.00	SREI EQUIPMENT FINANCE PRIVATE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA	B32041212
29	10323381	05/12/2011	75,000,000.00	SREI EQUIPMENT FINANCE PRIVATE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA	B27949270
30	10325962	09/11/2011	29,300,000.00	AXIS BANK LIMITED	JAYASHREE PLAZA, BADAMBADI, CUTTACK, ORISSA - 753 009, INDIA	B28958973
31	10315360	15/10/2011	24,821,852.00	SREI EQUIPMENT FINANCE PRIVATE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA	B24415440
32	10315531	15/10/2011	35,360,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA	B24476111
33	10309716	14/09/2011	100,000,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA	B22345490
34	10277880	01/04/2011	28,442,211.00	SREI EQUIPMENT FINANCE PRIVATE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA	B09640814
35	10268423	15/02/2011	83,707,889.00	SREI EQUIPMENT FINANCE PRIVATE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BE NGAL - 700046, INDIA	B07076839
36	10268418	05/01/2011	52,715,375.00	SREI EQUIPMENT FINANCE PRIVATE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA	B07073810
37	10243207	31/08/2010	5,650,000.00	TATA CAPITAL LIMITED	ONE FORBES, DR V B GANDHI MARG,FORT, MUMBAI, MAHARASHTRA - 400001, INDIA	A96178405
38	10243465	25/08/2010	550,000,000.00	L&T INFRASTRUCTURE FINANCE COMPANY LIMITED	MOUT POONAMALLEE ROAD, MANAPAKKAM, CHENNAI, TAMIL NADU - 600089, INDIA	A96369343
39	10243167	15/08/2010	19,095,600.00	SREI EQUIPMENT FINANCE PRIVATE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA	A95747119
40	10219246	15/05/2010	28,441,500.00	SREI EQUIPMENT FINANCE PRIVATE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA	A86175650
41	10227183	15/05/2010	35,597,990.00	SREI EQUIPMENT FINANCE PRIVATE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA	A88711643
42	10218818	15/05/2010	50,000,000.00	SREI EQUIPMENT FINANCE PRIVATE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA	A85935963
43	10218509	23/03/2010	17,000,000.00	AXIS BANK LIMITED	JAYASHREE PLAZA, BADAMBADI, CUTTACK, ORISSA - 753009, INDIA	A85655850
44	10200332	31/12/2009	29,442,028.00	TATA CAPITAL LIMITED	ONE FORBES, DR V B GANDHI MARG,FORT, MUMBAI, MAHARASHTRA - 400001, INDIA	A78819851
45	10200331	20/01/2011 *	368,500,000.00	BANK OF INDIA	BHUBANESWAR BRANCH, 129, ASHOK NAGAR, UNIT-II, JANPATH, BHUBANESWAR, ORISSA - 751001, INDIA	B08149692
46	10184065	02/11/2009	17,680,000.00	L & T FINANCE LIMITED	L&T HOUSE,, BALLARD ESTATE,, MUMBAI, MAHARASHTRA - 400001, INDIA	A72924236
47	10178557	01/10/2009	42,000,000.00	SREI EQUIPMENT FINANCE PRIVATE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA	A70930409
48	10172964	22/08/2009	21,600,000.00	SREI EQUIPMENT FINANCE PRIVATE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA	A68671114
49	10165618	08/07/2009	9,653,434.00	SREI EQUIPMENT FINANCE PRIVATE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA	A65367971
50	10163463	22/05/2009	43,993,237.00	SREI EQUIPMENT FINANCE PRIVATE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA	A64427230
51	10150216	29/06/2009 *	108,000,000.00	BANK OF INDIA	BHUBANESWAR BRANCH, JANPATH,ASHOK NAGAR, BHUBANESWAR, ORISSA - 751009, INDIA	A67696591
52	10137818	15/12/2008	6,043,500.00	SREI INFRASTRUCTURE FINANCE LIMITED	VISHWAKARMA,86C,TOPSIA ROAD (SOUTH),, KOLKATA, WEST BENGAL - 700046, INDIA	A54209424
53	10125380	25/08/2008	3,990,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA	A48085674
54	10121069	05/08/2008	24,300,000.00	L & T FINANCE LIMITED	L&T HOUSE,, BALLARD ESTATE,, MUMBAI, MAHARASHTRA - 400001, INDIA	A45478278
55	10157032	08/12/2011 *	125,450,000.00	BANK OF INDIA	CUTTACK BRANCH, NAYA SARAK, CUTTACK, ORISSA - 753002, INDIA	B31154321
56	10017412	24/08/2006	21,996,000.00	ICICI BANK LIMITED	ICICI BANK HOUSE, 3A, GURUSADAY ROAD, KOLKATTA, WEST BENGAL - 700019, INDIA	A04153094
57	10017415	29/07/2006	7,500,095.00	ICICI BANK LIMITED	ICICI BANK HOUSE, 3A, GURUSADAY ROAD, KOLKATTA, WEST BENGAL - 700019, INDIA	A04152633
58	90080538	29/04/2008 *	302,100,000.00	BANK OF INDIA	PARADEEP BRANCH, PARADEEP, ORISSA - 754142, INDIA	A45727153
59	90081440	30/08/2005	10,000,000.00	ICICI BANK LIMITED	LANDMARK, RACE COURSE CLUB, VADODARA, GUJARAT, INDIA	-
60	90080114	04/06/2003	4,511,375.00	MAGMA LEASING LIMITED	24.PARK STREET, KOLKATA, WEST BENGAL, INDIA	-

* Date of charge modification

FIXED ASSETS:

· Land

· Scooter and Motorcycle

· Electrical Fittings

· A.C. and refrigerator

· Type Writer

· Computer

· Building

· Bicycle

· Generator

· Tools and equipments

· Tools Equipments

· Calculators

· Books and Library

· Television

· Pump Set

· Pana Board

· Transformer

· Boat

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.61.08
UK Pound	1	Rs.101.41
Euro	1	Rs.85.08

INFORMATION DETAILS

Information Gathered by :	PRT
Report Prepared by :	NKT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	4
--LEVERAGE	1~10	4
--RESERVES	1~10	4
--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	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		34

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.