MIRA INFORM REPORT

Report Date :

05.05.2014

IDENTIFICATION DETAILS

Name :	UNIVERSAL CONSTRUCTION MACHINERY AND EQUIPMENT LIMITED (w.e.f 25.06.2008)
Formerly Known As :	UNIVERSAL CONSTRUCTION MACHINERY AND EQUIPMENT PRIVATE LIMITED
Registered Office :	“Universal House”, Warje Jakatnaka, Kothrud, Pune – 411 038, Maharashtra
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	09.09.2005
Com. Reg. No.:	25-021271
Capital Investment / Paid-up Capital :	Rs.199.823 millions
CIN No.: [Company Identification No.]	U29248PN2005PLC021271
TAN No.: [Tax Deduction & Collection Account No.]	PNEU05881B
PAN No.: [Permanent Account No.]	AAACU7808B
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Subject is engaged in manufacturing of construction Equipments.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

B (27)

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

Maximum Credit Limit :	USD 1929000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Exist
Comments :	Subject is an established company having moderate track record. The company has incurred a loss from its operations during 2013. However, trade relations are reported to be fair. Business is active. Payment term 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 – March 31, 2014

Country Name	Previous Rating (31.12.2013)	Current Rating (31.03.2014)
India	A1	A1

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

INDIAN ECONOMIC OVERVIEW

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

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

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

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

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

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

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

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

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

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

RBI DEFAULTERS’ LIST STATUS

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

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

INFORMATION DENIED

MANAGEMENT NON-COOPERATIVE (TEL. NO.: 91-20-25230777)

LOCATIONS

Registered Office / Head Office :	“Universal House”, Warje Jakatnaka, Kothrud, Pune – 411 038, Maharashtra, India
Tel. No.:	91-20-25230777/ 65008033/ 25231305
Fax No.:	91-20-25231777
Email :	mail@uceindia.com djd@uceindia.com bhujbalms@hotmail.com ucmcs@uceindia.com USA: usa@ucmworld.com Germany: germany@ucmworld.com Middle East: middleast@ucmworld.com India: india@ucmworld.com
Website :	http://www.uceindia.com
Corporate Office / Factory 2 :	Gat No. 327, 328 & 329, At Post Shivare, Taluka Bhor, Pune, Maharashtra, India
Tel. No.:s	91-2113-252771 / 252777/ 284702
Fax No.:	91-2113-284712
E-mail:	ucm@uceindia.com
Factory 1 :	Gat No.325/326, Naigaon Road, Shirwal, Taluka Khandala, District Satara
Tel. No.:	91-2169-244368, 244369
Fax No.:	91-9341091755
E-Mail :	mail@uceindia.com ucm1@uceindia.com

DIRECTORS

As on 14.08.2013

Name :

Abhijeet Rohidas More

Designation :

Director

Address :

Building Np. 302, Karishma Apartment, Near Sangam Press, Off Karve Road, Pune – 411029, Maharashtra, India

Date of Birth/Age :

15.04.1977

Date of Appointment :

01.12.2006

PAN No.:

ACIPM6887F

DIN No.:

00265286

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	U26922PN2002PTC016999	POONA CONSTRUCTION MACHINERY & PRODUCTS PRIVATE LIMITED	Director	17/05/2002	17/05/2002	-	Active	NO
2	U29248PN2005PLC021271	UNIVERSAL CONSTRUCTION MACHINERY AND EQUIPMENT LIMITED	Director	01/12/2006	01/05/2006	-	Active	NO
3	U45203PN2007PTC130447	UNIVERSAL CIVIL INFRACON PRIVATE LIMITED	Managing director	01/12/2008	16/07/2007	-	Active	NO
4	U01400PN2008PTC132872	PARAMOUNT AGRO DEVELOPMENT CORPORATION PRIVATE LIMITED	Director	30/09/2009	01/10/2008	-	Active	NO
5	U65910PN2010PTC135306	MORE UNIVERSAL FIN-VEST PRIVATE LIMITED	Director	12/01/2010	12/01/2010	-	Active	NO
6	U29150PN2007PTC130508	Sky Elevators Private Limited	Director	30/09/2010	01/02/2010	-	Active	NO

Name :

Rohidas Haribhau More

Designation :

Director

Address :

Karishma Apartment, S No. 17/2, Near Sangam Press, Off Karve Road, Pune – 411029, Maharashtra, India

Date of Birth/Age :

15.11.1948

Date of Appointment :

09.09.2005

PAN No.:

AAXPM1481A

DIN No.:

00265339

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	U26922PN2002PTC016999	POONA CONSTRUCTION MACHINERY & PRODUCTS PRIVATE LIMITED	Director	17/05/2002	17/05/2002	-	Active	NO
2	U29248PN2005PLC021271	UNIVERSAL CONSTRUCTION MACHINERY AND EQUIPMENT LIMITED	Director	09/09/2005	09/09/2005	-	Active	NO
3	U45203PN2007PTC130447	UNIVERSAL CIVIL INFRACON PRIVATE LIMITED	Director	16/07/2007	16/07/2007	-	Active	NO
4	U29150PN2007PTC130508	Sky Elevators Private Limited	Director	30/07/2007	30/07/2007	-	Active	NO
5	U01400PN2008PTC132872	PARAMOUNT AGRO DEVELOPMENT CORPORATION PRIVATE LIMITED	Director	30/09/2009	01/10/2008	-	Active	NO
6	U65910PN2010PTC135306	MORE UNIVERSAL FIN-VEST PRIVATE LIMITED	Director	12/01/2010	12/01/2010	-	Active	NO

Name :

Ranjit Rohidas More

Designation :

Managing Director

Address :

A-2, 302 Karishma Apartment, Near Sangam Press, Off Karve Road, Pune – 411029, Maharashtra, India

Date of Birth/Age :

26.02.1973

Date of Appointment :

01.01.2013

PAN No.:

AEUPM1666A

DIN No.:

00265383

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	U26922PN2002PTC016999	POONA CONSTRUCTION MACHINERY & PRODUCTS PRIVATE LIMITED	Director	17/05/2002	17/05/2002	-	Active	NO
2	U72900PN2005PTC020948	U AND D SQUARE SOLUTIONS PRIVATE LIMITED	Director	30/06/2005	30/06/2005	12/12/2013	Active	NO
3	U29248PN2005PLC021271	UNIVERSAL CONSTRUCTION MACHINERY AND EQUIPMENT LIMITED	Managing director	01/01/2013	09/09/2005	-	Active	NO
4	U45203PN2007PTC130447	UNIVERSAL CIVIL INFRACON PRIVATE LIMITED	Director	16/07/2007	16/07/2007	-	Active	NO
5	U29150PN2007PTC130508	Sky Elevators Private Limited	Director	30/07/2007	30/07/2007	-	Active	NO
6	U65910PN1990PLC057017	ELECTRONICA FINANCE LIMITED	Director	11/08/2008	07/02/2008	03/07/2012	Active	NO
7	U01400PN2008PTC132872	PARAMOUNT AGRO DEVELOPMENT CORPORATION PRIVATE LIMITED	Director	01/10/2008	01/10/2008	-	Active	NO
8	U65910PN2010PTC135306	MORE UNIVERSAL FIN-VEST PRIVATE LIMITED	Director	12/01/2010	12/01/2010	-	Active	NO
9	U29100PN2010PTC136977	WHITE STEEL ENGINEERING SOLUTIONS PRIVATE LIMITED	Director	29/07/2010	29/07/2010	-	Active	NO
10	U52399PN2012PTC142790	Universal Constore Private Limited	Director	30/03/2012	30/03/2012	-	Active	NO

Name :

Jaysing Laxmanrao Deshmukh

Designation :

Director

Address :

185, Mahatma Cooperative Housing Society, Pune – 41129, Maharashtra, India

Date of Birth/Age :

03.05.1949

Date of Appointment :

19.09.2008

DIN No.:

00267467

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	L74999MH1908PLC000291	WALCHANDNAGAR INDUSTRIES LIMITED	Director	25/11/2012	01/04/2004	-	Active	NO
2	U45202MH2008PTC181329	WALCHAND PROJECTS PRIVATE LIMITED	Director	21/04/2008	21/04/2008	12/04/2013	Active	NO
3	U29100MH2008PTC181395	WALCHAND ENGINEERS PRIVATE LIMITED	Director	22/04/2008	22/04/2008	12/04/2013	Active	NO
4	U29248PN2005PLC021271	UNIVERSAL CONSTRUCTION MACHINERY AND EQUIPMENT LIMITED	Director	19/09/2008	11/07/2008	-	Active	NO
5	U29219MH2008PTC184830	WALCHAND BMH PRIVATE LIMITED	Director	21/09/2010	05/12/2009	12/04/2013	Active	NO
6	U11101MH2008PTC186010	WALCHAND OIL & GAS PRIVATE LIMITED	Director	21/09/2010	05/12/2009	12/04/2013	Active	NO
7	U45202MH2008PTC184833	WALCHAND LEISURE REALTY PRIVATE LIMITED	Director	21/09/2010	05/12/2009	12/04/2013	Active	NO
8	U40104MH2008PTC184638	WALCHAND POWER SYSTEMS PRIVATE LIMITED	Director	21/09/2010	05/12/2009	12/04/2013	Active	NO

Name :

Vijaya Mohanrao Patil

Designation :

Director

Address :

1557/E, Vimal Vihar Rajarampuri Third Lane, Kolhapur – 416008, Maharashtra, India

Date of Birth/Age :

08.02.1958

Date of Appointment :

19.09.2008

DIN No.:

00521068

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	U22190PN2005PTC021000	MUKTA PUBLISHING HOUSE PRIVATE LIMITED	Director	12/07/2005	12/07/2005	-	Active	NO
2	U45202PN2007PTC130084	HEERKANI REAL ESTATE PRIVATE LIMITED	Director	01/10/2011	03/05/2007	-	Active	NO
3	U29248PN2005PLC021271	UNIVERSAL CONSTRUCTION MACHINERY AND EQUIPMENT LIMITED	Director	19/09/2008	11/07/2008	-	Active	NO

Name :

Priya Ranjan Swarup

Designation :

Director

Address :

315 / 21 A, sector 21, Faridabad – 121001, Haryana, India

Date of Birth/Age :

24.11.1953

Date of Appointment :

30.09.2011

PAN No.:

ADVPM5153A

DIN No.:

01006463

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	U45500WB2001PLC144017	Quippo Infrastructure Equipment Limited	Director	06/11/2006	06/11/2006	-	Amalgamated	NO
2	U29248PN2005PLC021271	UNIVERSAL CONSTRUCTION MACHINERY AND EQUIPMENT LIMITED	Director	30/09/2011	14/05/2011	-	Active	NO

Name :

Kamalkishore Shrigopal Taparia

Designation :

Director

Address :

D-402, Vrindavanam Apartments, 1094 Shivaji Nagar, Model Colony, Pune – 411016, Maharashtra, India

Date of Birth/Age :

27.06.1951

Date of Appointment :

01.04.2013

DIN No.:

01829829

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	L85110KA1995PLC018710	ARCHIDPLY INDUSTRIES LIMITED	Director	29/09/2007	03/09/2007	-	Active	NO
2	L45201PN1991PLC063340	D S KULKARNI DEVELOPERS LTD	Director	27/09/2008	02/01/2008	-	Active	NO
3	U80221PN2007PLC130024	DSK GLOBAL EDUCATION AND RESEARCH LIMITED	Director	24/10/2008	24/10/2008	23/03/2013	Active	NO
4	U45203PN2007PTC130447	UNIVERSAL CIVIL INFRACON PRIVATE LIMITED	Director	30/09/2009	06/03/2009	-	Active	NO
5	U26101WB2006PLC111182	HNG FLOAT GLASS LIMITED.	Director	08/09/2009	30/06/2009	11/06/2013	Active	NO
6	U26941WB2008PLC126398	HNG CEMENT LIMITED	Director	30/09/2010	19/05/2010	05/10/2013	Active	NO
7	U29248PN2005PLC021271	UNIVERSAL CONSTRUCTION MACHINERY AND EQUIPMENT LIMITED	Director	01/04/2013	13/10/2010	-	Active	NO

Name :

Ranjana Rohidas More

Designation :

Director

Address :

A-2, 302 Karishma Apartment, Near Sangam Press, Off Karve Road, Pune – 411029, Maharashtra, India

Date of Birth/Age :

15.10.1952

Date of Appointment :

19.09.2008

DIN No.:

01939848

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	U26922PN2002PTC016999	POONA CONSTRUCTION MACHINERY & PRODUCTS PRIVATE LIMITED	Director	30/09/2008	01/10/2007	-	Active	NO
2	U29248PN2005PLC021271	UNIVERSAL CONSTRUCTION MACHINERY AND EQUIPMENT LIMITED	Director	19/09/2008	17/03/2008	-	Active	NO

Name :

Ashok Kamalakar Gupte

Designation :

Director

Address :

A-2, 803 Karishma Apartment, Near Sangam Press, Off Karve Road, Pune – 411029, Maharashtra, India

Date of Birth/Age :

06.08.1952

Date of Appointment :

19.09.2008

DIN No.:

02340718

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	U29248PN2005PLC021271	UNIVERSAL CONSTRUCTION MACHINERY AND EQUIPMENT LIMITED	Director	19/09/2008	11/07/2008	-	Active	NO
2	U75113PN2007PTC129719	TARA MOBILE CRECHES PUNE	Director	16/09/2010	16/09/2010	-	Active	NO

Name :

Satish Balkrishna Gandhe

Designation :

Director

Address :

10 Preetam Apartment Karve Road, Kothrud, Pune – 411029, Maharashtra, India

Date of Birth/Age :

27.06.1951

Date of Appointment :

01.12.2012

PAN No.:

ABEPG2533P

DIN No.:

03634085

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	U29248PN2005PLC021271	UNIVERSAL CONSTRUCTION MACHINERY AND EQUIPMENT LIMITED	Director	01/12/2012	01/08/2011	-	Active	NO
2	U45203PN2007PTC130447	UNIVERSAL CIVIL INFRACON PRIVATE LIMITED	Additional director	01/12/2012	01/12/2012	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Nikhil Kulkarni
Designation :	Secretary
Address :	Flat No. 20 Building No. 02, Daulat Co-Operative Housing Society, Kothrud, Pune – 415110, Maharashtra, India
Date of Birth/Age :	14.07.1985
Date of Appointment :	20.05.2013
PAN No.:	BDQPK6261B

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 14.08.2013

Names of Shareholders	No. of Shares
Rohidas Haribhau More	8261184
Ranjit Rohidas More	4095861
Abhijeet Rohidas More	4642670
Ranjana Rohidas More	982500
Aditi Ranjit More	16
Neeta Abhijit More	16
Dipali Kunal Mohol	16
Poona Construction Machinery and products Private Limited	1000000
Ranjit More Jointly With Manish Tupe	1000000
Total	19982263

As on 14.08.2013

Equity Share Breakup

Category	Percentage of Holding
Bodies corporate	5.00
Directors or relatives of directors	95.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged in manufacturing of construction Equipments.

Products :

Item Code No. (ITC Code)	Product Description
84743110	Concrete Mixers

GENERAL INFORMATION

No. of Employees :

Not Divulged

Bankers :

• State Bank of India Industrial Finance Branch, Tara Chambers 2nd floor,Near Mariaai Police Chowky, Old Pune Mumai Highway, Wadkewadi, Pune - 411003, Maharashtra, India
• Samarth Sahakari Bank Limited, Antrolikar Shopping Centre, Datta Chowk, Solapur - 413007, Maharashtra, India
• HDFC Bank Limited, HDFC Bank Housesenapati Bapat Marg, Lower Parel (West), Mumbai - 400013, Maharashtra, India

Facilities :

SECURED LOANS	31.03.2013 (Rs. In Millions)	31.03.2012 (Rs. In Millions)
LONG TERM BORROWINGS
Rupee term loan from bank	158.825	48.254
Deposits from Others	75.000	150.000
SHORT TERM BORROWINGS
Rupee term loan from bank	52.972	48.700
Loans repayable on demand	285.173	0.000
Working capital loans from bank	0.000	359.070
Total	571.970	606.024

Banking Relations :	--
Auditors :
Name :	Kulkarni Shirish Krishnarao Chartered Accountants
Address :	1616 Sadashiv Peth, Pune - 411030, Maharashtra, India
PAN No.:	AABFD9996M
Associates :	² Universal Construction Project
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives	² Universal Sales and Allied Services ² White Steelengineering Solutions Private Limited ² Sky Elevators Private ² Poona Construction Machinery and Products Private Limited

CAPITAL STRUCTURE

As on 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
20000000	Equity Shares	Rs.10/- each	Rs.200.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
19982263	Equity Shares	Rs.10/- each	Rs.199.823 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	199.823	199.823	199.823
(b) Reserves & Surplus	282.533	283.542	134.769
(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)	482.356	483.365	334.592
(3) Non-Current Liabilities
(a) Long-term borrowings	235.825	200.165	249.315
(b) Deferred tax liabilities (Net)	0.712	3.247	1.432
(c) Other long term liabilities	0.000	0.000	0.000
(d) Long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	236.537	203.412	250.747
(4) Current Liabilities
(a) Short term borrowings	349.096	414.148	310.297
(b) Trade payables	253.623	200.738	220.307
(c) Other current liabilities	36.713	83.110	46.412
(d) Short-term provisions	67.986	63.286	51.745
Total Current Liabilities (4)	707.418	761.282	628.761
TOTAL	1426.311	1448.059	1214.100
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	542.652	579.113	435.038
(ii) Intangible Assets	0.754	0.935	0.000
(iii) Capital work-in-progress	15.527	10.974	10.974
(iv) Intangible assets under development	20.681	16.416	11.616
(b) Non-current Investments	0.252	0.252	0.250
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	6.362	6.410	10.823
(e) Other Non-current assets	0.000	0.605	0.760
Total Non-Current Assets	586.228	614.705	469.461
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	212.216	263.996	226.102
(c) Trade receivables	267.302	250.408	302.024
(d) Cash and cash equivalents	48.489	84.105	85.394
(e) Short-term loans and advances	310.066	229.448	130.998
(f) Other current assets	2.010	5.397	0.121
Total Current Assets	840.083	833.354	744.639
TOTAL	1426.311	1448.059	1214.100

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	1328.405	1625.007	1366.007
		Other Income	28.495	12.994	8.399
		TOTAL (A)	1356.900	1638.001	1374.406
Less	EXPENSES
		Cost of Materials Consumed	806.766	1042.873	893.363
		Purchases of Stock-in-Trade	98.982	115.972	105.671
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	50.332	(41.524)	(47.853)
		Employees benefits expense	134.238	139.399	107.765
		Exceptional Item	(40.684)	(34.972)	(33.645)
		Other expenses	209.018	242.195	200.230
		TOTAL (B)	1258.652	1463.943	1225.531
Less	PROFIT / (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		98.248	174.058	148.875
Less	FINANCIAL EXPENSES (D)		97.087	92.438	64.974
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		1.161	81.620	83.901
Less/ Add	DEPRECIATION/ AMORTISATION (F)		46.140	40.927	32.025
	PROFIT / (LOSS) BEFORE TAX (E-F) (G)		(44.979)	40.693	51.876
Less	TAX (H)		(2.535)	14.314	10.167
	PROFIT / (LOSS) AFTER TAX (G-H) (I)		(42.444)	26.379	41.709
	Earnings / (Loss) Per Share (Rs.)		(2.12)	1.32	2.24

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	(3.13)	1.61	3.03
Net Profit Margin (PBT/Sales)	(%)	(3.39)	2.50	3.80
Return on Total Assets (PBT/Total Assets}	(%)	(3.24)	2.86	4.35
Return on Investment (ROI) (PBT/Networth)		(0.09)	0.08	0.16
Debt Equity Ratio (Total Debt/Networth)		1.21	1.27	1.67
Current Ratio (Current Asset/Current Liability)		1.19	1.09	1.18

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	199.823	199.823	199.823
Reserves & Surplus	134.769	283.542	282.533
Net worth	334.592	483.365	482.356
long-term borrowings	249.315	200.165	235.825
Short term borrowings	310.297	414.148	349.096
Total borrowings	559.612	614.313	584.921
Debt/Equity ratio	1.673	1.271	1.213

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	1366.007	1625.007	1328.405
		18.960	(18.252)

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	1366.007	1625.007	1328.405
Profit	41.709	26.379	(42.444)
	3.05%	1.62%	(3.20%)

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	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

LITIGATION DETAILS

HIGH COURT OF BOMBAY

CASE DETAILS

BENCH: BOMBAY

Presentation Date:- 04/03/2014

Lodging No.:- ITXAL/580/2014 Filing Date:- 04/03/2014

Petitioner: THE COMMISSIONER OF INCOME TAX-IV- Respondent: UNIVERSAL CONSTRUCTION

MACHINERY AND EQUIPMENT LIMITED

Petn. Adv : TEJVEER SINGH MASTAN SINGH (I3678)

District: PUNE

Bench: DIVISION

Status: Pre-Admission Category: TAX APPEAL

Last Date: 11.03.2014 Stage:

Last Coram: REGISTRAR(OS)/PROTHONOTARY AND SR. MASTER

Act: Income Tax Act, 1961 UNDER SECTION: 260A

UNSECURED LOANS

PARTICULAR	31.03.2013 (Rs. In Millions)	31.03.2012 (Rs. In Millions)
LONG TERM BORROWINGS
Term loan from bank	0.000	1.911
Deposits from Others	2.000	0.000
SHORT TERM BORROWINGS
Rupee term loan from bank	0.000	2.208
Loans and advance form directors	9.717	2.937
Loans and advance form others	1.234	1.233
Total	12.951	8.289

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10448369	22/07/2013	40,000,000.00	SAMARTH SAHAKARI BANK LIMITED	Antrolikar Shopping Centre, Datta Chowk, SOLAPUR, Maharashtra - 413007, INDIA	B84703511
2	10268038	20/01/2011	1,762,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra - 400013, INDIA	B06994396
3	80007541	27/11/2013 *	563,800,000.00	State Bank of India Industrial Finance Branch	Tara Chambers 2nd floor,Near Mariaai Police Chowky, Old Pune Mumbai Highway, Wadkewadi, Pune, Maharashtra - 411003, INDIA	B92152420

* Date of charge modification

NATURE OF OPERATION

Subject is formed and registered under the Companies Act 1956. The company is engaged in manufacturing of construction Equipments. The company was incorporated on 09Sept2005 and converted into public limited w.e.f. July 01 2008.

FINANCIAL OPERATIONS

The Company s total turnover during the financial year ended on 31^st March, 2013 was Rs.1356.900 millions and Company has incurred loss of Rs. 42.400 millions as against previous year profit after tax of Rs. 16.300 millions. The Company continued to target growth in its business areas while simultaneously investing in capacity building activities during the year to cater future.

FIXED ASSETS

œ Land

œ Buildings

œ Plant and Equipment

œ Furniture and Fixtures

œ Vehicles

œ Office Equipment

œ Computer Equipments

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

6] Records on Int’l Anti-Money Laundering Laws/Standards :

Charges or investigation registered against subject: None

7] Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

8] Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

9] Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

CONTRAVENTION

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.60.22
UK Pound	1	Rs.101.68
Euro	1	Rs.83.46

INFORMATION DETAILS

Information Gathered by :	HTL
Analysis Done by :	RAS
Report Prepared by :	ANK

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	2
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		27

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.