MIRA INFORM REPORT

Report Date :

28.03.2014

IDENTIFICATION DETAILS

Name :	SICOM LIMITED
Registered Office :	Solitaire Corporate Park, Building No. 4, Guru Hargovindji Road, Andheri (East), Mumbai – 400093, Maharashtra
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	31.03.1966
Com. Reg. No.:	11-013459
Capital Investment / Paid-up Capital :	Rs.607.687 Millions
CIN No.: [Company Identification No.]	U65990MH1966PLC013459
TAN No.: [Tax Deduction & Collection Account No.]	MUMS37823C
PAN No.: [Permanent Account No.]	AAACS5524J
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	The Company is primarily engaged in the business of corporate lending.
No. of Employees :	Information denied by management

RATING & COMMENTS

MIRA’s Rating :

Ba (53)

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

Maximum Credit Limit :	USD 44400000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Exists
Comments :	Subject is a well-established and reputed company having a satisfactory track record. There seems huge external borrowing of the company which may impact the liquidity position. However, fundamental of the company seems to be strong. Trade relations are reported to be fair. Business is active. Payments are reported to be usually correct. The company can be considered for normal business dealing at usual trade terms and conditions.

NOTES:

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

ECGC Country Risk Classification List – 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.

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 DENEID

Management Non-Cooperative (Tel No.: 91-22-66572700)

LOCATIONS

Registered Office :	Solitaire Corporate Park, Building No. 4, Guru Hargovindji Road, Andheri (East), Mumbai – 400093, Maharashtra, India
Tel. No.:	91-22-66572700
Fax No.:	91-22-28391388/ 28391857
E-Mail :	sdesai@sicomindia.com msfchead@mtnl.net.in
Website :	http://www.sicomindia.com
Regional Office :	Located at: · Aurangabad · Nagpur · Nashik · Pune · New Delhi

DIRECTORS

As on 14.08.2013

Name :

Mr. Ramunni Menon Premkumar

Designation :

Chairman - Nominee - Government of Maharashtra

Address :

101, Praneet, Dr. Jayant Palkar Marg, Worli, Mumbai – 400030, Maharashtra, India

Date of Appointment :

01.04.2011

DIN No.:

00328942

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	U65990MH1966PLC013459	SICOM LIMITED	Nominee director	01/04/2011	31/03/2006	-	Active	NO
2	U45200MH1976PLC019335	AFCONS INFRASTRUCTURE LIMITED	Additional director	18/12/2013	29/06/2007	-	Active	NO
3	L72900MH1989PLC131521	FINE-LINE CIRCUITS LIMITED	Director	25/08/2007	30/06/2007	-	Active	NO
4	L35110GJ1997PLC033193	PIPAVAV DEFENCE AND OFFSHORE ENGINEERING COMPANY LIMITED	Director	15/07/2008	15/10/2007	-	Active	NO
5	U28113MH2004PTC149620	RAMA CYLINDERS PRIVATE LIMITED	Director	31/07/2008	29/04/2008	-	Active	NO
6	U67200MP1999PLC013660	NATIONAL BOARD OF TRADE LIMITED.	Nominee director	30/06/2008	30/06/2008	23/01/2009	Active	NO
7	U40109MH2005SGC153646	MAHARASHTRA STATE ELECTRICITY TRANSMISSION COMPANY LIMITED	Director	30/12/2009	03/12/2008	11/06/2010	Active	NO
8	L51909MH2002PLC135594	MULTI COMMODITY EXCHANGE OF INDIA LIMITED	Nominee director	10/08/2009	10/08/2009	12/12/2013	Active	NO
9	U40102DL2008PTC177307	NTPC BHEL Power Projects Private Limited	Additional director	12/02/2014	25/08/2010	-	Active	NO
10	U40100AP2005PLC045445	LANCO VIDARBHA THERMAL POWER LIMITED	Director	30/09/2011	14/10/2010	-	Active	NO
11	U74120MH2011PTC220546	SUMER ENERGY PRIVATE LIMITED	Director	04/08/2011	04/08/2011	22/03/2012	Active	NO

Name :

Mr. Baldev Harpal Singh

Designation :

Managing Director

Address :

30, 5th Floor, Amber, N D Road, M Hill, Mumbai – 400006, Maharashtra, India

Date of Appointment :

08.07.2011

DIN No.:

03577274

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	U70102MH2007PLC172215	SICOM REALTY LIMITED	Director	24/04/2012	08/07/2011	-	Active	NO
2	U65990MH1966PLC013459	SICOM LIMITED	Managing director	08/07/2011	08/07/2011	-	Active	NO
3	U24200MH1981SGC024192	MAHARASHTRA PETRO CHEMICALS CORPORATION LIMITED	Director	12/08/2011	12/08/2011	-	Active	NO
4	U45203MH2002SGC136979	MAHARASHTRA AIRPORT DEVELOPMENT COMPANY LIMITED	Director	08/09/2011	08/09/2011	-	Active	NO
5	U74999MH2001PTC131469	SICOM ARC LIMITED	Director	31/05/2012	09/09/2011	-	Active	NO
6	U65922MH1996PLC096684	SICOM INVESTMENTS & FINANCE LIMITED	Director	13/09/2011	13/09/2011	-	Active	NO

Name :

Mr. Krishnamurthy Padmanabhan

Designation :

Director

Address :

1401/1402, Vinyak Angan, Old Prabhadevi Road, Worli, Mumbai – 400025, Maharashtra, India

Date of Appointment :

10.06.2010

DIN No.:

00013565

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	U67120MH1973PTC016844	J M FINANCIAL AND INVESTMENT CONSULTANCY SERVICES PRIVATE LIMITED	Director	28/05/1994	28/05/1994	-	Active	NO
2	U45200MH2004PTC146973	NAVI MUMBAI SEZ PRIVATE LIMITED	Managing director	04/10/2004	04/10/2004	30/07/2007	Active	NO
3	U45201MH2000PLC150280	Mumbai SEZ Limited	Director	02/02/2005	02/02/2005	-	Active	NO
4	U45203MH2005PTC153141	TRANS HARBOUR LINK Private LIMITED	Director	10/05/2005	10/05/2005	10/02/2009	Under liquidation	NO
5	U45200MH2005PTC154303	URBAN INFRASTRUCTURE HOLDINGS Private LIMITED	Director	21/12/2006	29/08/2005	-	Active	NO
6	U29110MH1990PLC055506	SKIL Infrastructure Limited	Director	01/04/2012	29/12/2005	-	Amalgamated	NO
7	L35110GJ1997PLC033193	PIPAVAV DEFENCE AND OFFSHORE ENGINEERING COMPANY LIMITED	Alternate director	14/08/2012	30/12/2005	14/08/2013	Active	NO
8	U67190MH2005PLC158049	URBAN INFRASTRUCTURE VENTURE CAPITAL LIMITED	Director	30/09/2006	06/01/2006	-	Active	NO
9	L29199GJ1962PLC001171	GMM PFAUDLER LIMITED	Director appointed in casual vacancy	14/04/2008	14/04/2008	-	Active	NO
10	L22200MH1993PLC071431	REPRO INDIA LIMITED	Additional director	23/05/2008	23/05/2008	-	Active	NO
11	U55101MH2008PLC200363	APODIS HOTELS AND RESORTS LIMITED	Director	30/09/2009	10/10/2008	-	Active	NO
12	U63000GJ1995PTC026113	E COMPLEX PRIVATE LIMITED	Director	26/08/2010	23/09/2009	-	Active	NO
13	U65990MH1966PLC013459	SICOM LIMITED	Director	10/06/2010	28/04/2010	-	Active	NO
14	U45203MH2005PTC155377	SKIL SHIPYARD HOLDINGS PRIVATE LIMITED	Director	30/09/2011	08/12/2010	-	Active	NO
15	U74140MH2010PTC211353	IGP GROWTH INVESTMENT ADVISORS PRIVATE LIMITED	Director	25/12/2010	25/12/2010	-	Active	NO
16	U65990WB2009PTC139801	SREI MUTUAL FUND ASSET MANAGEMENT PRIVATE LIMITED	Director	05/07/2012	24/12/2011	-	Active	NO
17	U55101KA2007PTC044311	IntelliStay Hotels Private Limited	Director	29/09/2012	23/02/2012	-	Active	NO

Name :

Mr. Prakash Baburao Nimbalkar

Designation :

Director

Address :

Flat No B - 221, Vikasini Co-Operative Housing Society Limited, Plot No 1 - C, Sector 8-B, CBD Belapur, Navi Mumbai – 400614, Maharashtra, India

Date of Appointment :

02.05.2003

DIN No.:

00109947

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	U65990MH1966PLC013459	SICOM LIMITED	Director	02/05/2003	02/05/2003	-	Active	NO
2	L34300PN1996PLC104510	AUTOLINE INDUSTRIES LIMITED	Director	27/09/2006	15/06/2006	-	Active	NO
3	U74140WB1994PTC064808	MPA FINANCIAL SERVICES Private Limited	Director	01/07/2013	07/08/2006	-	Active	NO
4	U74999MH2001PTC131469	SICOM ARC LIMITED	Director	17/05/2007	17/05/2007	-	Active	NO
5	U45209PN2007PLC130639	AUTOLINE INDUSTRIAL PARKS LIMITED	Director	04/09/2009	13/10/2008	06/08/2013	Active	NO
6	U72200PN2004PLC148734	AUTOLINE DESIGN SOFTWARE LIMITED	Director	23/09/2010	15/05/2010	-	Active	NO
7	U29111MH1999PLC121302	AERO TURBINES (INDIA) LIMITED	Director	27/06/2011	27/06/2011	14/11/2011	Active	NO
8	U65990WB2009PTC139790	SREI MUTUAL FUND TRUST PRIVATE LIMITED	Director	05/07/2012	19/12/2011	-	Active	NO
9	U67120MH1990NPL058298	OTC EXCHANGE OF INDIA	Director	30/09/2013	28/12/2012	-	Active	NO

Name :

Mr. Surinder Singh Kohli

Designation :

Director

Address :

J – 170, Rajouri Garden, New Delhi – 110027, India

Date of Appointment :

28.06.2012

DIN No.:

00169907

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	U45203MH2002SGC136979	MAHARASHTRA AIRPORT DEVELOPMENT COMPANY LIMITED	Director	06/09/2004	06/09/2004	27/02/2012	Active	NO
2	L65191TN1997PLC037415	IDFC Limited	Director	09/07/2012	27/04/2005	-	Active	NO
3	U74999MH2005PLC155683	SMERA Ratings Limited	Director	26/08/2005	26/08/2005	19/09/2013	Active	NO
4	L25199UP1971PLC003392	MODI RUBBER LIMITED	Director	17/11/2005	17/11/2005	17/06/2009	Active	NO
5	U67190DL2006GOI144520	INDIA INFRASTRUCTURE FINANCE COMPANY LIMITED	Managing director	10/03/2006	10/03/2006	09/04/2010	Active	NO
6	U74899DL1982PLC013733	SPIN INVESTMENT INDIA LIMITED	Director	22/09/2006	22/09/2006	20/08/2009	Active	NO
7	U74140DL2005PLC142633	India SME Technology Services Limited	Additional director	28/12/2007	28/12/2007	29/11/2010	Active	NO
8	L27109WB1995PLC073700	MBL INFRASTRUCTURES LIMITED	Director	18/09/2010	25/06/2010	01/06/2013	Active	NO
9	L45101DL1979PLC009654	AHLUWALIA CONTRACTS (INDIA) LIMITED	Director	17/09/2010	02/08/2010	15/12/2011	Active	NO
10	U71290DL1996PTC081376	S V CREDITLINE PRIVATE LIMITED	Director	12/07/2011	28/09/2010	-	Active	NO
11	L65999DL2006PLC153373	PTC INDIA FINANCIAL SERVICES LIMITED	Director	28/09/2011	13/12/2010	-	Active	NO
12	L40106DL1981PLC012228	SPML INFRA LIMITED	Additional director	09/02/2011	09/02/2011	25/07/2011	Active	NO
13	U10102DL1997PLC085837	ACB (INDIA) LIMITED	Director	30/09/2011	28/03/2011	-	Active	NO
14	U74899DL1994PTC062671	SMV AGENCIES PRIVATE LIMITED	Additional director	11/04/2011	11/04/2011	01/06/2011	Active	NO
15	U30000MH1995PLC091944	TRIMAX IT INFRASTRUCTURE AND SERVICES LIMITED	Director	14/06/2011	26/04/2011	-	Active	NO
16	U74140DL2007PTC163275	ARIA HOTELS AND CONSULTANCY SERVICES PRIVATE LIMITED	Director	30/05/2011	30/04/2011	-	Active	NO
17	U40109AP2009PTC064018	LANCO SOLAR ENERGY PRIVATE LIMITED	Additional director	15/10/2011	15/10/2011	05/07/2012	Active	NO
18	U65990MH1995PLC093241	ILANDFS FINANCIAL SERVICES LIMITED	Director	23/06/2012	21/10/2011	-	Active	NO
19	L99999MH1929PLC001530	RELIANCE INFRASTRUCTURE LIMITED	Director	04/09/2012	14/02/2012	-	Active	NO
20	U65990MH1966PLC013459	SICOM LIMITED	Director	28/06/2012	24/05/2012	-	Active	NO
21	U74899DL2001PLC111527	BSES RAJDHANI POWER LIMITED	Director	18/09/2013	05/11/2012	-	Active	NO
22	U74899DL2001PLC111525	BSES YAMUNA POWER LIMITED	Director	18/09/2013	05/11/2012	-	Active	NO
23	U74899UP1993PLC034039	VACMET INDIA LIMITED	Additional director	15/12/2012	15/12/2012	15/04/2013	Active	NO
24	U27100GJ1976FLC013787	ESSAR STEEL INDIA LIMITED	Director	28/09/2013	29/05/2013	-	Active	NO
25	U93000MH2013NPL250169	People's Electoral Trust	Additional director	27/01/2014	27/01/2014	-	Active	NO

Name :

Mr. Bhushan Ashok Gagrani

Designation :

Nominee Director

Address :

34, Yashodham, Opposite to ICC, Churchgate, Mumbai – 400020, Maharashtra, India

Date of Appointment :

27.12.2012

DIN No.:

00204045

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	U92100MH1977SGC019882	MAHARASHTRA FILM STAGE AND CULTURAL DEVELOPMENT CORPORATION LIMITED	Managing director	08/02/2006	08/02/2006	03/06/2008	Active	NO
2	U92141MH2001PLC130394	WHISTLING WOODS INTERNATIONAL LIMITED	Director	31/07/2006	31/03/2006	16/04/2008	Active	NO
3	U24239MH1974SGC017341	HAFFKINE BIO-PHARMACEUTICAL CORPORATION LIMITED	Director	29/09/2008	29/09/2008	-	Active	NO
4	U45200DL2006PLC154693	INDIABULLS INDUSTRIAL INFRASTRUCTURE LIMITED	Nominee director	27/09/2012	19/06/2012	-	Active	NO
5	U45203PN2008PTC131242	KHED ECONOMIC INFRASTRUCTURE PRIVATE LIMITED	Director	27/09/2012	26/06/2012	-	Active	NO
6	U45203MH2002SGC136979	MAHARASHTRA AIRPORT DEVELOPMENT COMPANY LIMITED	Director	27/06/2012	27/06/2012	-	Active	NO
7	U65990MH1966PLC013459	SICOM LIMITED	Nominee director	27/12/2012	27/12/2012	-	Active	NO
8	U60231MH2008PTC183538	NAGPUR MASS TRANSPORT COMPANY PRIVATE LIMITED	Director	30/09/2013	23/03/2013	-	Active	NO

Name :

Mr. Neera Saggi

Designation :

Director

Address :

D – 14, ITO Colony, 4^th Floor, Peddar Road, Mumbai – 400026, Maharashtra, India

Date of Appointment :

28.06.2012

DIN No.:

00501029

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	U36912MH1978PTC020126	HINDUSTAN DIAMOND COMPANY PRIVATE LIMITED	Nominee director	01/08/2005	01/08/2005	28/09/2007	Active	NO
2	U70101CH2006PTC029576	CSJ INFRASTRUCTURE PRIVATE LIMITED.	Director	13/09/2011	20/04/2010	-	Active	NO
3	U74999MH1924NPL001128	BOMBAY CHAMBER OF COMMERCE AND INDUSTRY	Director	14/06/2011	14/06/2011	-	Active	NO
4	U52520AP2001PLC037105	HYDERABAD INTERNATIONAL TRADE EXPOSITIONS LIMITED	Director	24/09/2012	22/03/2012	-	Active	NO
5	U72200AP1997PLC026885	L AND T INFOCITY LIMITED	Director	03/09/2012	24/04/2012	-	Active	NO
6	U65990MH1966PLC013459	SICOM LIMITED	Director	28/06/2012	24/05/2012	-	Active	NO

Name :

Mr. Sanjay Sethi

Designation :

Nominee Director

Address :

5, Yashodhan, Dinshaw Watchha Road, Churchgate, Mumbai – 400020, Maharashtra, India

Date of Appointment :

28.04.2010

DIN No.:

02235406

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	U92100MH1977SGC019882	MAHARASHTRA FILM STAGE AND CULTURAL DEVELOPMENT CORPORATION LIMITED	Managing director	03/06/2008	03/06/2008	24/07/2008	Active	NO
2	U92141MH2001PLC130394	WHISTLING WOODS INTERNATIONAL LIMITED	Nominee director	27/06/2008	27/06/2008	25/07/2008	Active	NO
3	U74999MH1975SGC018170	MAHILA ARTHIK VIKAS MAHA MANDAL	Director	18/09/2008	18/09/2008	-	Active	NO
4	U40100MH2005SGC153649	MSEB HOLDING COMPANY LIMITED	Director	02/01/2009	02/01/2009	21/08/2009	Active	NO
5	U40109MH2005SGC153646	MAHARASHTRA STATE ELECTRICITY TRANSMISSION COMPANY LIMITED	Managing director	02/02/2009	02/02/2009	21/08/2009	Active	NO
6	U74999MH1962SGC012501	MAHARASHTRA SMALL SCALE INDUSTRIES DEVELOPMENT CORPORATION LIMITED	Director	16/01/2010	16/01/2010	-	Dormant	NO
7	U67190MH1996SGC099632	MAHARASHTRA VIKRIKAR ROKHE PRADHIKARAN LIMITED	Director	25/01/2010	25/01/2010	-	Active	NO
8	U10100MH1973SGC017008	MAHARASHTRA STATE MINING CORPORATION LIMITED	Nominee director	23/02/2010	23/02/2010	07/12/2012	Active	NO
9	U65990MH1966PLC013459	SICOM LIMITED	Nominee director	28/04/2010	28/04/2010	-	Active	NO
10	U24200MH1981SGC024192	MAHARASHTRA PETRO CHEMICALS CORPORATION LIMITED	Director	12/05/2010	12/05/2010	-	Active	NO

Name :

Mr. Sridar Venkatesan

Designation :

Director

Address :

303A, H. P. Employees CHS, Plot No. NDR – 11, Tilak Nagar, Chembur, Mumbai – 400089, Maharashtra, India

Date of Appointment :

28.06.2011

DIN No.:

02241339

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	L31402WB1934PLC007993	EVEREADY INDUSTRIES INDIA LIMITED	Director	24/07/2009	01/08/2008	24/02/2010	Active	NO
2	U51900MH1994PLC078303	STCI Finance Limited	Director	29/09/2009	23/12/2008	10/09/2012	Active	NO
3	U17119DN1982PLC000092	KRISHNA KNITWEAR TECHNOLOGY LIMITED	Director	27/06/2009	24/01/2009	15/03/2010	Active	NO
4	L17120MH1993PLC073267	ASAHI INDUSTRIES LIMITED	Director	08/08/2009	31/01/2009	15/03/2010	Active	NO
5	U67110MH2006PLC165306	STCI Primary Dealer Limited	Director	07/08/2013	02/02/2009	-	Active	NO
6	L21012TZ1960PLC000364	SESHASAYEE PAPER AND BOARDS LIMITED	Director	25/07/2009	04/06/2009	-	Active	NO
7	L15422TN1996PLC037200	PONNI SUGARS (ERODE) LIMITED	Director	22/07/2009	05/06/2009	-	Active	NO
8	L18109DN1987PLC000034	ESKAY K 'n' IT (INDIA) LIMITED	Director	22/08/2009	09/06/2009	15/03/2010	Active	NO
9	L74999DN1987PLC000035	K-LIFESTYLE AND INDUSTRIES LIMITED	Director	22/08/2009	12/06/2009	15/03/2010	Active	NO
10	U65999MH2008PTC183786	Morpheus Capital Advisors Private Limited	Director	24/09/2009	08/09/2009	-	Active	NO
11	U40101TN1997PLC037663	LANCO TANJORE POWER COMPANY LIMITED	Director	14/07/2010	18/01/2010	14/09/2012	Active	NO
12	L65190GJ1994PLC021012	ICICI BANK LIMITED	Director	28/06/2010	21/01/2010	-	Active	NO
13	U40100AP2005PLC045445	LANCO VIDARBHA THERMAL POWER LIMITED	Director	30/09/2011	24/07/2010	14/09/2012	Active	NO
14	U65922MH2010PLC202721	AADHAR HOUSING FINANCE LIMITED	Director	19/08/2010	19/08/2010	-	Active	NO
15	U51420MH2008PLC187689	SARDA METALS AND ALLOYS LIMITED	Director	30/09/2010	20/08/2010	-	Active	NO
16	L26109WB1946PLC013294	HINDUSTHAN NATIONAL GLASS AND INDUSTRIES LIMITED	Director	19/08/2011	02/11/2010	30/05/2013	Active	NO
17	U21012TN2006PLC059326	SPB PAPERS LIMITED	Director	27/08/2011	01/04/2011	-	Amalgamated	NO
18	U65990MH1966PLC013459	SICOM LIMITED	Director	28/06/2012	29/09/2011	-	Active	NO
19	U69990MH1999PLC123190	IDFC AMC TRUSTEE COMPANY LIMITED	Director	08/12/2011	08/12/2011	-	Active	NO
20	U65922MP1991PLC006427	CENT BANK HOME FINANCE LIMITED.	Director	12/09/2012	28/04/2012	-	Active	NO
21	U66010MH2000PLC127837	ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED	Director	20/06/2013	18/04/2013	-	Active	NO

Name :

Mr. Rahul Gupta

Designation :

Nominee Director

Address :

R 2401/2402, Wing - C, Raheja Atlantis, Ganpatrao Kadam Marg, Worli, Mumbai – 400018, Maharashtra, India

Date of Appointment :

20.07.2010

DIN No.:

03068111

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	U65990MH1966PLC013459	SICOM LIMITED	Nominee director	20/07/2010	20/07/2010	-	Active	NO
2	U65999MH2006PTC163257	AMBIT FINVEST PRIVATE LIMITED	Director	11/07/2011	02/05/2011	-	Active	NO
3	U74990MH2009PTC191965	Ambit Wealth Advisors Private Limited	Director	09/07/2012	02/04/2012	-	Active	NO
4	U51900MH1999PTC121703	Ambit Holdings Private Limited	Director	23/08/2012	12/04/2012	-	Active	NO
5	U74900MH2008PTC182902	AMBIT INVESTMENT ADVISORS PRIVATE LIMITED	Additional director	02/09/2013	02/09/2013	-	Active	NO
6	U74140MH2006PTC164699	Nikko Investment Advisors India Private Limited	Additional director	02/09/2013	02/09/2013	-	Active	NO
7	U65923MH2007PTC171258	Ambit Pragma Ventures Private Limited	Additional director	26/09/2013	26/09/2013	-	Active	NO
8	U93000MH2013NPL250938	Mumbai Mile Regeneration Association	Director	11/12/2013	11/12/2013	-	Active	NO

Name :

Mr. Jagdish Prasad Gupta

Designation :

Nominee Director

Address :

38/2, South Central Zone, Cultural Centre, 56/1, Civil Line, Nagpur - 440001, Maharashtra, India

Date of Birth/Age :

2306.1963

Date of Appointment :

20.07.2010

DIN No.:

03154468

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	U65990MH1966PLC013459	SICOM LIMITED	Nominee director	20/07/2010	20/07/2010	-	Active	NO
2	U74999MH1962SGC012501	MAHARASHTRA SMALL SCALE INDUSTRIES DEVELOPMENT CORPORATION LIMITED	Director	27/07/2010	27/07/2010	-	Dormant	NO
3	U67190MH1996SGC099632	MAHARASHTRA VIKRIKAR ROKHE PRADHIKARAN LIMITED	Nominee director	24/08/2011	24/08/2011	-	Active	NO
4	U70102MH2007PLC172215	SICOM REALTY LIMITED	Director	24/04/2012	01/12/2011	-	Active	NO

KEY EXECUTIVES

Name :	D.A. Kamat and Company
Designation :	Company Secretary
Address:	Nirmal, 1st Floor, Nariman Point, Mumbai – 400021, Maharashtra, India
Tel No.:	91-22-26395383
Fax No.:	91-22-40161356
Email ID :	csdak@asdakamat.com office@cskamt.com

MAJOR SHAREHOLDERS

As on 14.08.2013

SHAREHOLDING DETAILS FILE ATTACHED

Equity Share Break up (Percentage of Total Equity)

As on 14.08.2013

Category	Percentage
Government (Central and State)	49.07
Nationalised or other bank	0.02
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	45.16
Bodies corporate	5.45
Others	0.30
Total	100.00

BUSINESS DETAILS

Line of Business :

The Company is primarily engaged in the business of corporate lending.

GENERAL INFORMATION

No. of Employees :

Information denied by management

Bankers :

• Vijaya Bank, Industrial Finance Branch, New Excelsior Building, 2nd Floor, Fort, Mumbai, Mumbai - 400001, Maharashtra, India
• Bank of Maharashtra, Industrial Finace Branch, Apeejay house, Dr. V B Gandhi Marg, Fort, Mumbai - 400001, Maharashtra, India
• Jammu and Kashmir Bank Limited, 79A Mehta House, Bombay Samachar Marg, Fort, Mumbai - 400001, Maharashtra, India
• Punjab and Sind Bank, Fort Branch, J K Somani Building, British Hotel Lane, Fort, Mumbai - 400023, Maharashtra, India
• Bank of India, Nariman Point Large Corporate Branch, 92-93, Free Press House, 215, Nariman Point,, Mumbai - 400021, Maharashtra, India

Facilities :

SECURED LOANS	31.03.2013 Rs. In Millions	31.03.2012 Rs. In Millions
Long Term Borrowings
Term Loans from Banks	1371.238	1150.617
Short Term Borrowings
Loans repayable on demand from banks
Bank Overdraft	149.532	398.896
Deposits from PSUs / PSEs /Corporates	27350.421	21229.229
Collateralised Borrowing and Lending Obligation (CBLO)-Secured	286.069	276.063
Clearcorp Repo Order Matching System (CROMS)-Secured	607.510	0.000
Total	29764.770	23054.805

Long Term Borrowings

Nature of security

Term loans from banks are secured against hypothecation of principal receivables in respect of loans/ advances to industrial units.

Terms of repayments

The term loans from various banks are repayable over a period of 3 -5 years on a quarterly and half yearly basis at rate ranging from 10.50% to 12.25% in accordance with the terms of agreement with banks.

Deposits from PSUs/PSEs/Corporates are repayable on maturity ranging between 12-15 months at the interest rate ranging from 6.50%-12% in accordance with the terms of agreement with the deposit holder

Nature of Security

1. Deposits from PSUs/PSEs/Corporates are secured by a floating charge on un-encumbered financial and non-financial assets of the Company.

2. Collateralised Borrowing and Lending Obligation is secured against Government securities (Cost Rs.321.939 Millions, Face Value Rs.300.000 Millions) placed with Clearing Corporation of India Limited (CCIL). Clearcorp Repo Order Matching System (CROMS) is secured against Government securities.

3. Bank Overdraft is secured against specific receivables in respect of financial assets.

Terms of repayment of short term borrowings

Bank Overdraft (Secured)

Overdraft facility from bank carries interest at the rate 11.25% p.a. computed on the monthly basis on the actual amount utilised and is repayable on demand.

Loan from Government of India (Food Ministry)

The Company obtained Interest free loan from Ministry of Food Processing Industries (MOFPI) of Rs.29.100 Millions (present outstanding is Rs.14.100 Millions) for investing in the equity shares of five undertakings. As per agreement, above loan is repayable to MOFPI within three years from commencement of commercial production by these undertakings or five years from the date of payment whichever is earlier. At the expiry of the above mentioned period, SICOM is to disinvest the saidamount from the investee companies and return the interest free loan to MOFPI. Any delay in payment beyond the stipulated period mentioned above would carry interest @15% p.a. However, since these undertakings have turned sick or closed down, the Company was unable to divest investments in these undertakings. As at balance sheet date, the Company has requested MOFPI for waiver of these loans and accrued interest thereon. Pending a decision by Government of India, interest continues to be accrued on the aforesaid loan. There has been no further progress on the matter in FY 2012-13.

Loan from Government of Maharashtra

In the year 1995-96, the Government of Maharashtra (GoM) divested its 51% holding in the Company for Rs.2301.288 Millions and provided this amount to the Company as interest free re-adjustment loan.

Per Government Resolution (GR) dated 13 June 2000, the GoM converted the interest free re-adjustment loan into interest free subordinate debt and stipulated that 10% of the loan amount shall become interest bearing every year beginning 2000-2001 with interest @10% p.a. and that the interest on the said loan be payable to GoM on 31 March every year. The outstanding loan as at Balance Sheet date is Rs.460.258 Millions (Previous year Rs.460.258 Millions) and is interest bearing. The GR also provided that repayment of the subordinated debt will be carried out based on mutual discussion between the Company and GoM.

In the meeting of the Empowered Committee (constituted by the GoM) dated 31 January 2004, it was suggested to consider converting interest bearing loan into Grant or interest free loan or converting the entire loan into preference share capital. Pending decision in the matter, the Company has accrued interest on the aforesaid loan for the period since April 1, 2003.

The Company has vide its letters dated December 2, 2011 and March 29, 2012 requested the GoM for conversion of the outstanding loan along with interest accrued thereon of Rs.414.300 Millions into sub-ordinated loan for a period of 10 years. There has been no further progress on the matter in FY 2012-13.

Deposits from PSUs/PSEs/Corporates

Deposits from PSUs/PSEs/Corporates are repayable on maturity within 12 months, interest rate ranging from 7-12%, in accordance with the terms of agreement with the deposit holder.

Collateralised Borrowing and Lending Obligations

CBLOs are overnight borrowings and are repayable on the following day at interest rate ranging from 6.50 to 11%.

CROMS are overnight borrowings at interest rate ranging from 8-8.50% and are repayable on the next trading day.

Banking Relations :	--
Auditors :
Name :	B S R and Company Chartered Accountant
Address :	1st Floor, Lodha Exielus, Apollo Mills Compound, N M Joshi Marg, Mahalaxmi, Mumbai – 400011, Maharashtra, India
PAN No.:	AAIFB7357B
Subsidiaries :	SICOM Capital Management Private Limited CIN No.: U15999PN1996PTC099021 Address: 402, Ground Floor, Solitaire Corporate Park, Building No. 4, Guru Hargovindji Road (Andheri Ghatkopar Link Road), Chakala, Andheri (East) Mumbai - 400 093, Maharashtra, India SICOM ARC limited Address: 14, Onlooker Building, Sir P.M. Road, Fort, Mumbai - 400001, Maharashtra, India CIN No.: U74999MH2001PTC131469 SICOM Investments and Finance Limited CIN No.: U65922MH1996PLC096684 Address: 402, Ground Floor, Solitaire Corporate Park, Building No. 4, Guru Hargovindji Road (Andheri Ghatkopar Link Road), Chakala, Andheri (East) Mumbai – 400093, Maharashtra, India · SICOM Realty Limited CIN No.: U70102MH2007PLC172215 Address : 401, Ground Floor, Solitaire Corporate Park, Building No. 4, Guru Hargovindji Road (Andheri Ghatkopar Link Road), Chakala, Andheri (East) Mumbai - 400 093, Maharashtra, India · SICOM Trustee Company Limited
Associates :	SICOM Venture Capital Fund SICOM Srei Maharashtra Infrastructure Private Limited
Party holding significant influence over the company through voting power :	JCF BIN II

CAPITAL STRUCTURE

As on 14.08.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
200000000	Equity Shares	Rs.10/- each	Rs.2000.000 Millions
50000000	Preference Shares	Rs.10/- each	Rs.500.000 Millions
	Total		Rs.2500.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
60768703	Equity Shares	Rs.10/- each	Rs.607.687 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	607.687	628.700	628.700
(b) Reserves & Surplus	10,481.010	8,569.280	6,851.002
(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)	11,088.697	9,197.980	7,479.702
(3) Non-Current Liabilities
(a) long-term borrowings	1,371.238	2,650.617	4,501.927
(b) Deferred tax liabilities (Net)	21.635	21.093	14.138
(c) Other long term liabilities	121.775	45.220	50.786
(d) long-term provisions	23.284	20.836	40.206
(e) contingent provision against standard assets	0.000	0.000	13.281
Total Non-current Liabilities (3)	1,537.932	2,737.766	4,620.338
(4) Current Liabilities
(a) Short term borrowings	37,821.439	33,745.099	30,372.266
(b) Trade payables	10.900	12.907	20.900
(c) Other current liabilities	26,249.810	23,844.461	13,350.274
(d) Short-term provisions	1,323.903	883.580	397.196
(e) contingent provision against standard assets	154.326	131.732	105.476
Total Current Liabilities (4)	65,560.378	58,617.779	44,246.112
TOTAL	78,187.007	70,553.525	56,346.152
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	348.740	359.261	344.590
(ii) Intangible Assets	1,785.639	1,887.772	1,611.408
(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	354.581	187.247	0.000
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	7,389.440	8,673.482	5,799.945
(e) Other Non-current assets	126.201	569.100	524.156
Total Non-Current Assets	10,004.601	11,676.862	8,280.099
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	9,728.451	1,199.770	3,414.895
(c) Trade receivables	9.330	17.924	689.058
(d) Cash and cash equivalents	1,530.195	143.293	275.616
(e) Short-term loans and advances	56,273.397	57,232.448	43,509.316
(f) Other current assets	641.033	283.228	177.168
Total Current Assets	68,182.406	58,876.663	48,066.053
TOTAL	78,187.007	70,553.525	56,346.152

PROFIT & LOSS ACCOUNT

	PARTICULARS			31.03.2013	31.03.2012	31.03.2011
	SALES
		Income		9,757.328	9,056.109	6,837.859
		Other Income		257.678	138.130	100.427
		TOTAL (A)		10,015.006	9,194.239	6,938.286
Less	EXPENSES
		Employee Benefits Expenses		87.110	89.113	85.687
		Other Expenses		179.324	145.357	184.822
		Provision for credit losses/write-offs and write-backs		575.337	635.427	600.576
		Exceptional Items		(0.099)	(8.861)	(3.633)
		TOTAL (B)		841.672	861.036	867.452
Less	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)			9,173.334	8,333.203	6,070.834
Less	FINANCIAL EXPENSES (D)			6,202.610	5,670.861	3,623.583
	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)			2,970.724	2,662.342	2,447.251
Less	DEPRECIATION/ AMORTISATION (F)			11.236	8.694	12.923
	PROFIT/(LOSS) BEFORE TAX (E-F) (G)			2,959.488	2,653.648	2,434.328
Less	TAX (H)			1,002.952	864.800	1,063.160
	PROFIT/(LOSS) AFTER TAX (G-H) (I)			1,956.536	1,788.848	1,371.168
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD			4977.185	3716.540	2781.962
Less	APPROPRIATIONS
			Transfer to special reserve under Income Tax Act,1961	55.301	55.133	57.272
			Transfer to reserve under RBI Act, 1934	391.300	357.800	274.234
			Transfer to general reserve	48.900	44.700	34.279
			Proposed dividend	60.769	60.720	60.720
			Dividend distribution tax	5.050	9.850	10.085
	BALANCE CARRIED TO THE B/S			6372.401	4977.185	3716.540
	Earnings Per Share (Rs.)
	Basic			32.22	29.46	22.58
	Diluted			32.20	29.43	22.56

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	19.54	19.46	19.76
Net Profit Margin (PBT/Sales)	(%)	30.33	29.30	35.60
Return on Total Assets (PBT/Total Assets}	(%)	3.80	3.77	4.32
Return on Investment (ROI) (PBT/Networth)		0.27	0.29	0.33
Debt Equity Ratio (Total Debt /Networth)		3.53	3.96	4.66
Current Ratio (Current Asset/Current Liability)		1.04	1.00	1.09

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	628.700	628.700	607.687
Reserves & Surplus	6851.002	8569.280	10481.010
Net worth	7479.702	9197.980	11088.697
long-term borrowings	4501.927	2650.617	1371.238
Short term borrowings	30372.266	33745.099	37821.439
Total borrowings	34874.193	36395.716	39192.677
Debt/Equity ratio	4.663	3.957	3.534

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	6,837.859	9,056.109	9,757.328
		32.441	7.743

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	6,837.859	9,056.109	9,757.328
Profit	1,371.168	1,788.848	1,956.536
	20.05%	19.75%	20.05%

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	Yes
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

LITIGATIONS DETAILS:

CASE DETAILS

BENCH: BOMBAY

Lodging No.:- WPST/2033/2014 Filing Date: 23.01.2014 Reg. No.: WP/756/2014 Reg. Date:- 23/01/2014

Petitioner:-	ELDER PROJECTS LIMITED	Respondent:-	SICOM LIMITED
Petn.Adv.:-	JOY LEGAL CONSULTANTS (I2119)	Resp.Adv.:-	MAKARAND PRABHAKAR REGE (I6634)

District:- MUMBAI

Bench: DIVISION

Status: Pre-Admission

Nest Date:- 08/04/2014

Last Date: 04/03/2014 Stage: FOR ADMISSION - FRESH

Coram:- ACCODING TO SITTING LIST

ACCODING TO SITTING LIST

Last Date:- 10/03/2014 Stage: FOR ADMISSION - FRESH

Last Coram:- HON’BLE SHRI JUSTICE A.S. OKA

HON’BLE SHRI JUSTICE A.A. SAYAD

Act: State Finance Corporation Act

UNSECURED LOANS:

Particulars	31.03.2013 Rs. In Millions	31.03.2012 Rs. In Millions
Long Term Borrowings
Deposits from PSUs / PSEs /Corporates	0.000	1500.000
Short Term Borrowings
Loans repayable on demand from other parties
Loan from Government of India (Food Ministry)	14.100	14.100
Loan from Government of Maharashtra (GOM)
- Interest bearing readjustment loan	460.258	460.258
Commercial Paper	0.000	150.000
Deposits from PSUs / PSEs /Corporates	8953.549	11216.553
Total	9427.907	13340.911

BACKGROUND

The Company is registered as a Non- Banking Financial Company (‘NBFC’) (non- deposit accepting) as defined under section 45-1A of the Reserve Bank of India (‘RBI’) Act, 1934. The Company was incorporated on 31st March 1966. The Company is primarily engaged in the business of corporate lending.

FINANCIAL HIGHLIGHTS:

During the year, the total income has gone up by 9% and profit after tax has gone up by 9% over the previous year. The Earnings Per Share (EPS) for the year under review has improved to Rs.32.22 per share from Rs.29.46 per share in the previous year.

OPERATIONS:

1. Sanctions and Disbursements, for the year were Rs.34890.000 Millions and Rs.37910.000 Millions.

2. The Company continues to offer structured products to meet specific requirements of its clients thereby creating a niche for itself. As a result, the Company has been able to attract reputed industrial groups.

3. The Asset base of the Company stood at Rs.78190.000 Millions as on March 31, 2013 against Rs.70550.000 Millions as on March 31, 2012. Short term advances (Short term loans and Bill Discounting) accounted for 66% of the asset base. Long Term Loans, Medium Term Loans, Investments and other assets constituted 7%, 7%, 2% and 18% of the asset base respectively.

4. Bank borrowings (Lines of Credit and Short Term Loans) constituted 32% of the total resources. Other borrowings include Corporate/PSU deposits (47%), Subordinated debt from GOM (1%), Networth (14%) and others (6%).

5. The interest income on various loan products (84%) formed the major component of total income. Balance income comprised of discounting income (8%), Income from Treasury Operations (3%), fee based income (1%) and other income (4%).

6. The rupee so earned got distributed as financial expenses (63%), establishment expenses (1%), administrative expenses (1%), Tax (10%), Write-off, Provision and Loss (6%) and profit after tax (19%).

BUSINESS:

1. Lending and Advisory: Long Term Loans, Corporate Loans, Short Term Loans, Inter Corporate Deposits, Promoter Funding, Bill Discounting and Advisory.

2. Treasury: Investments in Shares, Mutual Funds, CBLOs, Fixed Deposits, Corporate Bonds, Government Securities, Bank Certificate of Deposits, Commercial Papers

OUTLOOK FOR THE 2013-14

The Reserve Bank of India expects economic activity to show only a modest improvement over the last year, with a pick-up likely only in the second half of the year.

The India Meteorological Department has predicted Normal Monsoon, which is expected to improve the performance of the agricultural sector. However, the outlook for industrial activity remains subdued, with the pipeline of new investments drying up and existing projects stalled by bottlenecks and implementation gaps. With global growth unlikely to improve significantly from 2012, growth in services and exports may remain sluggish. Accordingly, the RBI expects the GDP growth for 2013-14 at 5.7 per cent.

The company continues to identify opportunities to sustain its performance and has identified Infrastructure funding as a promising area, provided constraints in the prevailing policy framework are removed to spur investments. The company has recently signed a MoU with India Infrastructure Finance Company Limited. (IIFCL) (a company promoted by Govt of India for financing of Infrastructure Projects) to co-operate in various areas of infrastructure funding and would take appropriate steps to commence activities in the various areas of potential, depending on the pickup of investments in the sector and a favourable policy framework in this regard.

The company would calibrate its responses depending on the emerging situation during the year so as to protect the interests of all its stakeholders.

They thank you sincerely for the support extended and am confident that the continued encouragement will help sustain the growth that the Company has been achieving in the past.

INDEX OF CHARGE:

Sr. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	90243955	17/03/2056	500,000,000.00	CENTRAL BANK OF INDIA	Nariman Point Br Ground Floor Chandrammukhi, Nariman Point, Mumbai, Maharashtra - 400021, India	-
2	10464710	28/11/2013	1,200,000,000.00	Punjab and Sind Bank	Fort Branch, J K Somani Building, British Hotel Lane, Fort, Mumbai, Maharashtra - 400023, India	B91345017
3	10449578	03/09/2013	1,150,000,000.00	Punjab and Sind Bank	Fort Branch, J K Somani Building, British Hotel Lane, Fort, Mumbai, Maharashtra - 400023, India	B85222594
4	10449600	03/09/2013	1,500,000,000.00	Punjab and Sind Bank	Fort Branch, J K Somani Building, British Hotel Lane, Fort, Mumbai, Maharashtra - 400023, India	B85229706
5	10439982	24/06/2013	1,000,000,000.00	Bank of Maharashtra	Industrial Finance Branch, Dr. V. B. Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, INDIA	B80792914
6	10420462	22/03/2013	1,000,000,000.00	Vijaya Bank	Industrial Finance Branch, New Excelsior Building, 2nd floor, Fort, Mumbai, Mumbai, Maharashtra - 400001, India	B73390882
7	10416625	22/03/2013	1,600,000,000.00	Punjab and Sind Bank	Fort Branch, J K Somani Building, British Hotel Lane, Fort, Mumbai, Maharashtra - 400023, India	B72249287
8	10425553	22/03/2013	3,000,000,000.00	Central Bank of India	IFB Branch ,Gr Floor, Chandermukhi, Nariman Point, Mumbai, Maharashtra - 400021, India	B75084814
9	10398337	28/12/2012	2,000,000,000.00	Bank of India	Nariman Point Large Corporate Branch, 92-93,, Free Press House, 215, Nariman Point, Mumbai, Maharashtra - 400021, INDIA	B66293622
10	10400061	17/12/2012	1,000,000,000.00	JAMMU AND KASHMIR BANK LIMITED	79a Mehta House, Bombay Samachar Marg, Fort, Mumbai, Maharashtra - 400001, India	B66912304
11	10383553	11/10/2012	1,200,000,000.00	Punjab and Sind Bank	Fort Branch, J K Somani Building, British Hotel Lane, Fort, Mumbai, Maharashtra - 400023, India	B60946001
12	10381584	28/09/2012	2,000,000,000.00	Central Bank of India	IFB Branch ,Gr Floor, Chandermukhi, Nariman Point, Mumbai, Maharashtra - 400021, India	B60093796
13	10382124	11/09/2012	1,000,000,000.00	The Jammu and Kashmir Bank Limited	79 A, Mehta House,, Bombay Samachar Marg, Fort, Mumbai, Maharashtra - 400001, INDIA	B60310802
14	10380953	29/08/2012	1,300,000,000.00	BANK OF MAHARASHTRA	Industrial Finance Branch, Apeejay House, Dr. V B Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, INDIA	B59863415
15	10366210	27/06/2012	400,000,000.00	Punjab and Sind Bank	Fort Branch, J K Somani Building, British Hotel Lane, Fort, Mumbai, Maharashtra - 400023, India	B44034049
16	10366208	27/06/2012	1,600,000,000.00	Punjab and Sind Bank	Fort Branch, J K Somani Building, British Hotel Lane, Fort, Mumbai, Maharashtra - 400023, India	B44033116
17	10358259	22/05/2012	1,150,000,000.00	Punjab and Sind Bank	Fort Branch, J K Somani Building, British Hotel Lane, Fort, Mumbai, Maharashtra - 400023, India	B40656068
18	10358569	30/04/2012	1,500,000,000.00	Punjab and Sind Bank	Fort Branch, J K Somani Building, British Hotel Lane, Fort, Mumbai, Maharashtra - 400023, India	B40797441
19	10329105	29/12/2011	1,600,000,000.00	Punjab and Sind Bank	Fort Branch, J K Somani Building, British Hotel Lane, Fort, Mumbai, Maharashtra - 400023, India	B29583093
20	10313802	28/09/2011	1,000,000,000.00	UNION BANK OF INDIA	Nariman Point Branch, (M.M.O),Union Bank Bhavan, 239,Vidhan Bhavan Marg, Nariman Point, Mumbai, Maharashtra - 400021, India	B23776222
21	10309164	07/09/2011	1,200,000,000.00	Punjab and Sind Bank	Fort Branch, J K Somani Building, British Hotel Lane, Fort, Mumbai, Maharashtra - 400023, India	B22109789
22	10329257	23/06/2011	2,000,000,000.00	Bank of Maharashtra	Industrial Finace Branch, Apeejay house, Dr. V B Gandhi Marg, Fort, Mumabi, Maharashtra - 400001, I NDIA	B20498341
23	10295568	23/06/2011	4,000,000,000.00	Central Bank of India	IFB Branch ,Gr Floor, Chandermukhi, Nariman Point, Mumbai, Maharashtra - 400021, India	B16339152
24	10298563	22/06/2011	500,000,000.00	Bank of Maharashtra	Industrial Finace Barnch, Apeejay house, Dr. V B Gandhi Marg, Fort, Mumabi, Maharashtra - 400001, India	B17352774
25	10296112	08/06/2011	2,000,000,000.00	Canara Bank	Prime Corporate Branch II, Varma Chambers,, 2nd Floor, Homji Street, Fort, Mumbai, Maharashtra - 400001, INDIA	B16530982
26	10290578	03/06/2011	450,000,000.00	Punjab and Sind Bank	Fort Branch, J K Somani Building, British Hotel Lane, Fort, Mumbai, Maharashtra - 400023, India	B14408397
27	10276562	15/03/2011	300,000,000.00	Central Bank of India	IFB Branch ,Gr Floor, Chandermukhi, Nariman Point, Mumbai, Maharashtra - 400021, India	B09405994
28	10276493	15/03/2011	500,000,000.00	Central Bank of India	IFB Branch ,Gr Floor, Chandermukhi, Nariman Point, Mumbai, Maharashtra - 400021, India	B09407339
29	10274298	04/03/2011	500,000,000.00	Punjab and Sind Bank	Fort Branch, J K Somani Building, British Hotel Lane, Fort, Mumbai, Maharashtra - 400023, India	B08486243
30	10261576	31/12/2010	1,600,000,000.00	Punjab and Sind Bank	Fort Branch, J K Somani Building, British Hotel Lane, Fort, Mumbai, Maharashtra - 400023, India	B03541679
31	10264184	27/12/2010	1,000,000,000.00	Central Bank of India	IFB Branch ,Gr Floor, Chandermukhi, Nariman Point, Mumbai, Maharashtra - 400021, India	B04361747
32	10261328	21/12/2010	2,000,000,000.00	UNION BANK OF INDIA	Nariman Point Branch (M.M.O),Union Bank Bhavan, 239,Vidhan Bhavan Marg,Nariman Point, Mumbai, Maharashtra - 400021, INDIA	B03441615
33	10224195	19/05/2010	1,000,000,000.00	Punjab and Sind Bank	Fort Branch, J K Somani Building, British Hotel Lane, Fort, Mumbai, Maharashtra - 400023, India	A87281515
34	10193007	23/12/2009	1,200,000,000.00	Punjab and Sind Bank	Fort Branch, J K Somani Building, British Hotel Lane, Fort, Mumbai, Maharashtra - 400023, India	A75723502
35	10185678	21/10/2009	1,000,000,000.00	UNION BANK OF INDIA	Nariman Point Branch (M.M.O) Union Bank Bhavan, 239 Vidhan Bhavan Marg Nariman Point, Mumbai, Maharashtra - 400021, INDIA	A73107682
36	10172037	13/07/2009	1,000,000,000.00	Punjab and Sind Bank	Fort Branch, J K Somani Building, British Hotel Lane, Fort, Mumbai, Maharashtra - 400023, India	A67322420
37	10161797	21/05/2009	2,000,000,000.00	CANARA BANK	Industrial Finance Br, Adi Marzban Path, 2nd / 3rd Floor, Canara Bank Bldg Ballard Estate, Mumbai, Maharashtra - 400038, India	A63807689
38	10154603	25/08/2011 *	3,025,300,000.00	DENA BANK	Sharada Chambers,, 33, New Marine Lines Branch, Mumbai, Maharashtra - 400020, India	B21192893
39	10125583	29/09/2008	1,000,000,000.00	CANARA BANK	Industrial Finance Br, Adi Marzban Path, 2nd / 3rd Floor, Canara Bank Bldg Ballard Estate, Mumbai, Maharashtra - 400038, India	A48212419
40	10123429	11/09/2008	1,000,000,000.00	JAMMU AND KASHMIR BANK LIMITED	79a, Mehta House, Mumbai Samachar Marg, Fort, Mumbai, Maharashtra - 400023, India	A46037727
41	10091780	18/01/2008	500,000,000.00	CANARA BANK	Industrial Finance Br, Adi Marzban Path, 2nd / 3rd Floor, Canara Bank Bldg Ballard Estate, Mumbai, Maharashtra - 400038, India	A34109876
42	10079453	23/11/2011 *	4,000,000,000.00	Bank of India	Nariman Point Large Corporate Br. 92 - 93, Free Press House, 9th Floor,215, Nariman Point, Mumbai, Maharashtra - 400021, India	B26375428
43	10075293	05/11/2007	600,000,000.00	Punjab and Sind Bank	Fort Branch, J K Somani Building, British Hotel Lane, Fort, Mumbai, Maharashtra - 400023, India	A26856096
44	10058432	29/06/2007	1,500,000,000.00	CENTRAL BANK OF INDIA	Chandermukhi , Ground Floor ,Nariman Point, Mumbai, Maharashtra - 400021, India	A18353722
45	10062820	26/06/2007	500,000,000.00	JAMMU AND KASHMIR BANK LIMITED	79a, Mehta House, Bombay Samachar Marg,, Fort, Mumbai, Maharashtra - 400001, India	A20572764
46	10040031	20/02/2007	200,000,000.00	THE BANK OF RAJASTHAN LIMITED	Mittal Towers 'C' Wing, Ground Floor, Nariman Point, Mumbai, Maharashtra - 400021, India	A11787793
47	10038197	16/01/2007	500,000,000.00	CANARA BANK	Industrial Finance Br, Adi Marzban Path, 2nd / 3rd Floor, Canara Bank Bldg Ballard Estate, Mumbai, Maharashtra - 400038, India	A11091261
48	90241504	26/06/2005	50,000,000.00	BANK OF MAHARASHATHRA	Lokmangal; 1501; Shivaji Nagar; Pune, Maharashtra - 411005, India	-
49	90241277	30/12/2004	500,000,000.00	BANK OF INDIA	Air India Bldg.; Nariman Point; Mumbai, Maharashtra - 400021, India	-
50	90241257	10/12/2004	250,000,000.00	KAROR VYSYA BANK LIMITED	Sunrise View Apartmants Opp. L.T. Road Eksar Vill., Borivli West, Mumbai, Maharashtra - 400091, India	-
51	90241244	01/12/2004	500,000,000.00	SYNDICATE BANK	Nariman Bhavan; Nariman Point, Mumbai, Maharashtra - 400021, India	-
52	80012826	19/03/2008 *	400,000,000.00	HDFC BANK LIMITED	HDFC Bank House Senapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India	B03743408
53	90242486	09/01/2004	1,000,000,000.00	CANARA BANK	Indl Finance Br. Canra Bank Bldg.; Adu Marzaban R, Bailard Estate, Mumbai, Maharashtra, India	-
54	90240974	16/05/2005 *	30,000,000.00	UNIUON BANK OF INDIA	Bombay Bhavan Nariman Point, Mumbai, Maharashtra - 400021, India	-
55	90242411	25/08/2010 *	40,000,000,000.00	IDBI TRUSTEESHIP SERVICES LIMITED	Asian Bldg., Ground Floor, 17, R.Kamani Marg, Ballard Estate, Mumbai, Maharashtra - 400001, India $%	A95887246

*Date of modification Charges

FIXED ASSETS:

· Land

· Building

· Plant and Machinery

· Computer

· Vehicles

· Furniture and Fixture

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.66.13
UK Pound	1	Rs.99.65
Euro	1	Rs.82.91

INFORMATION DETAILS

Information Gathered by :	NYA
Report Prepared by :	VNT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	5
--RESERVES	1~10	6
--CREDIT LINES	1~10	6
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	YES
--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		53

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.