MIRA INFORM REPORT

Report Date :

16.05.2014

IDENTIFICATION DETAILS

Name :	STEEL AND METAL TUBES (INDIA) LIMITED
Registered Office :	1/16A, 4^th Floor, Asaf Ali Road, New Delhi – 110002
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	06.09.1971
Com. Reg. No.:	55-005782
Capital Investment / Paid-up Capital :	Rs. 6.791 Millions
CIN No.: [Company Identification No.]	U28999DL1971PLC005782
TAN No.: [Tax Deduction & Collection Account No.]	DELS00998E
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer of Pipes
No. of Employees :	80 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (45)

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

Maximum Credit Limit :	USD 650000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track record. General financial position of the company is good. Trade relations are reported as fair. Business is active. Payments terms are reported to be usually correct. The company can be considered normal for business dealings 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 – March 31, 2014

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

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

INDIAN ECONOMIC OVERVIEW

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

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

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

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

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

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

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

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

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

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

RBI DEFAULTERS’ LIST STATUS

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

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

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

INFORMATION PARTED BY

Name :	Mr. Vijay Verma
Designation :	Marketing Manager
Contact No.:	91-9899886750 / 9811101669
Date :	24.04.2014

LOCATIONS

Registered Office :	1/16A, 4^th Floor, Asaf Ali Road, New Delhi – 110002, India
Tel. No.:	91-11-23231048
Mobile No.:	91-9899886750 / 9811101669 (Mr. Vijay Verma)
Fax No.:	91-11-23231046
E-Mail :	smtindialtd@sify.com
Admin Office :	1/6B, 1^st Floor, Asaf Ali Road, New Delhi – 110002, India
Tel. No.:	91-11-23231048/23231049/23231050
Fax No.:	91-1123231046
Area :	650 sq ft
Location :	Owned
Factory :	22^nd Mile, Delhi - Hapur Road, P.O. Jindal Nagar, Ghaziabad, Uttar Pradesh, India
Tel. No.:	91-120-2677476
Area :	96000 sq ft
Location :	Owned

DIRECTORS

As on: 30.09.2013

Name :

Mr. Sankarlal Aggarwal

Designation :

Managing Director

Address:

3/77, Punjabi Bagh, New Delhi – 110026, India

Date of Birth/Age :

21.08.1939

Date of Appointment :

24.07.1979

DIN No.:

00375518

Name :

Mr. Vinod K Aggarwal

Designation :

Whole Time Director

Address:

3/77, Punjabi Bagh, New Delhi – 110026, India

Date of Birth/Age :

19.10.1961

Date of Appointment :

1.07.2007

DIN No.:

00375239

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U28999DL1971PLC005782	STEEL AND METAL TUBES (INDIA) LTD	Whole-time director	1/7/2007	21/04/1980	-	Active	NO
2	U27101DL1998PTC097100	PROTON INDIA PRIVATE LIMITED	Director	16/11/1998	16/11/1998	-	Active	NO
3	U51398MH1987PTC184943	D GAUTAM INTERNATIONAL PRIVATE LIMITED	Director	27/06/2005	27/06/2005	5/12/2007	Active	NO
4	U27203KA1970PLC002806	JINDAL ALUMINIUM LIMITED.	Director	3/9/2010	6/11/2009	-	Active	NO
5	U74899DL1985PTC022821	SIDHI VINAYAK TUBES PRIVATE LIMITED	Director	28/09/2010	28/12/2009	-	Active	NO
6	U27101UP1970PLC020637	JINDAL PIPES LIMITED	Director	26/09/2011	27/06/2011	-	Active	NO

Name :

Mrs. Kamlesh Devi B Aggarwal

Designation :

Director

Address:

3/77, Punjabi Bagh, New Delhi – 110026, India

Date of Birth/Age :

27.09.1941

Date of Appointment :

14.11.1979

DIN No.:

00375632

Name :

Mr. Sita Ram Jindal

Designation :

Director

Address:

Jindal Nagar, Tumka Road, Bangalore – 560073, Karnataka, India

Date of Birth/Age :

02.09.1933

Date of Appointment :

1.07.2008

DIN No.:

00112560

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U27203KA1970PLC002806	JINDAL ALUMINIUM LIMITED.	Managing director	1/7/2008	11/6/1975	-	Active	NO
2	U28999DL1971PLC005782	STEEL AND METAL TUBES (INDIA) LTD	Director	27/04/1998	27/04/1998	-	Active	NO
3	U27104KA2003PLC031567	DRUGLESS HEALTH CARE (INDIA) LIMITED CN	Director	10/2/2003	10/2/2003	31/10/2008	Active	NO
4	U14200KA2008PLC045891	DAKSHIN MINES AND MINERALS LIMITED	Director	2/4/2008	2/4/2008	31/03/2009	Active	NO
5	U28121MH2011PLC219872	JINDAL ALUMINIUM ROLLING LIMITED	Director	18/07/2011	18/07/2011	-	Active	NO

Name :

Mr. Suresh Baid

Designation :

Director

Address:

91, Sainik Vihar, Pitampura New Delhi- 110088, India

Date of Birth/Age :

11.09.1954

Date of Appointment :

01.04.2009

DIN No.:

00030585

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U33205WB1984PLC037929	NEELANCHAL UDYOG LTD	Director	22/10/1984	22/10/1984	-	Active	NO
2	U51909DL1991PLC046869	JAGUAR OVERSEAS LIMITED	Director	1/9/1994	1/9/1994	12/11/2009	Active	NO
3	U74899DL1974PLC007178	SUREKA COATED TUBES AND SHEETS LIMITED	Director	16/08/2002	16/08/2002	1/12/2011	Active	NO
4	U51909WB1950PLC019254	THE WAXPOL INDUSTRIES LTD	Whole-time director	1/4/2012	2/6/2006	-	Active	NO
5	L27105HR1979PLC009913	JINDAL STEEL AND POWER LIMITED	Additional director	30/10/2006	30/10/2006	28/09/2007	Active	NO
6	L40200WB1995PLC068251	EASTERN GASES LTD	Director	31/01/2008	31/01/2008	-	Active	NO
7	U74140DL2001PTC112464	V2 INSURANCE PROFESSIONALS PRIVATE LIMITED	Additional director	26/02/2008	26/02/2008	-	Active	NO
8	U55101WB2008PLC129604	WAXPOL HOTELS & RESORTS LIMITED	Director	24/09/2008	24/09/2008	-	Active	NO
9	U27101UP1970PLC020637	JINDAL PIPES LIMITED	Director	25/09/2009	1/1/2009	-	Active	NO
10	U74991DL2006PLC148826	JCO GAS PIPE LIMITED	Additional director	27/03/2009	27/03/2009	30/09/2009	Active	NO
11	U28999DL1971PLC005782	STEEL AND METAL TUBES (INDIA) LTD	Director	30/09/2009	1/4/2009	-	Active	NO
12	U67190DL2010PTC204955	PARITY FINSOLVE PRIVATE LIMITED	Director	9/9/2011	1/9/2010	-	Active	NO
13	U01111DL2010PTC210360	Blueberry Farms Private Limited	Director	12/11/2010	12/11/2010	-	Active	NO
14	U27109HR2003PTC035091	VIBHOR STEEL TUBES PRIVATE LIMITED	Director	24/03/2011	24/03/2011	-	Active	NO
15	U70109DL2011PTC221140	BAID BUILDCON PRIVATE LIMITED	Director	20/06/2011	20/06/2011	-	Active	NO

Name :

Mr. Hemant Kumar Khanna

Designation :

Director

Address:

90, Preet Vihar, Delhi – 110092, India

Date of Birth/Age :

25.09.1951

Date of Appointment :

30.09.2009

DIN No.:

00405794

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	L99999MH1988PLC080545	MAHARASHTRA SEAMLESS LIMITED(TRANSFERRED FROM DELHI TO MAH	Director	22/10/2003	22/10/2003	25/02/2009	Active	NO
2	U27100MH2004PTC148789	HYDRIL JINDAL INTERNATIONAL PRIVATE LIMITED	Director	23/09/2004	23/09/2004	-	Active	NO
3	U67120MH1983PLC031110	BRAHMA DEV HOLDING AND TRADING LIMITED	Director	4/7/2005	4/7/2005	9/6/2008	Active	NO
4	L27209HR1998PLC036089	HARYANA CAPFIN LIMITED.	Director	15/12/2006	12/9/2006	24/11/2008	Active	NO
5	L27201HR1983PLC036106	JINDAL DRILLING AND INDUSTRIES LIMITED	Director	30/11/2006	30/11/2006	25/02/2009	Active	NO
6	U51311DL2002PLC114758	JAGUAR INTERNATIONAL LIMITED	Director	29/09/2007	27/06/2007	15/06/2010	Active	NO
7	U65993WB1994PLC152481	JINDAL GLOBAL FINANCE AND INVESTMENT LIMITED	Director	25/09/2009	1/12/2008	-	Active	NO
8	U27101UP1970PLC020637	JINDAL PIPES LIMITED	Whole-time director	1/1/2011	1/1/2009	1/1/2012	Active	NO
9	U28999DL1971PLC005782	STEEL AND METAL TUBES (INDIA) LTD	Director	30/09/2009	1/4/2009	-	Active	NO
10	U11101DL2009PLC193022	JINDAL HYDROCARBONS LIMITED	Director	29/09/2010	11/1/2010	13/12/2010	Active	NO
11	U11102DL1997PTC086417	NEWFIND OIL AND GAS PRIVATE LIMITED	Additional director	4/3/2010	4/3/2010	-	Active	YES
12	U11100HR2010PLC039993	JINDAL EXPLODRILL LIMITED	Director	27/09/2010	5/3/2010	-	Active	NO
13	U52300DL2011PTC212318	KG Merchandisers Private Limited	Director	7/1/2011	7/1/2011	15/02/2011	Active	NO
14	U27109HR2003PTC035091	VIBHOR STEEL TUBES PRIVATE LIMITED	Director	24/03/2011	24/03/2011	-	Active	NO

Name :

Mr. Raghav Jindal

Designation :

Director

Address:

B-57, Greater Kailash, Part-I, New Delhi- 110048, India

Date of Birth/Age :

11.01.1980

Date of Appointment :

30.09.2011

DIN No.:

0405984

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	L27201HR1983PLC036106	JINDAL DRILLING AND INDUSTRIES LIMITED	Managing director	1/1/2012	19/05/1998	-	Active	NO
2	U51109WB1994PLC064822	SPARLERK DEALCOMM LTD	Director	31/03/2009	1/1/2003	-	Active	NO
3	U27101UP1970PLC020637	JINDAL PIPES LIMITED	Managing director	1/2/2010	1/2/2005	-	Active	NO
4	U29120DL1970PLC005281	JINDAL PIPES LIMITED	Managing director	1/2/2005	1/2/2005	-	Not Available for eFiling	NO
5	U74991DL2006PLC148826	JCO GAS PIPE LIMITED	Director	16/05/2006	16/05/2006	30/09/2011	Active	NO
6	U67120MH1983PLC031110	BRAHMA DEV HOLDING AND TRADING LIMITED	Director	29/09/2009	12/3/2009	-	Active	NO
7	U14200KA2008PLC045891	DAKSHIN MINES AND MINERALS LIMITED	Director	29/09/2009	31/03/2009	17/08/2010	Active	NO
8	U10100DL2009PLC191466	GONDKHARI COAL MINING LIMITED	Director	22/06/2009	22/06/2009	-	Active	NO
9	U11101DL2009PLC193022	JINDAL HYDROCARBONS LIMITED	Director	29/09/2010	11/1/2010	-	Active	NO
10	U11100HR2010PLC039993	JINDAL EXPLODRILL LIMITED	Director	27/09/2010	10/5/2010	-	Active	NO
11	U72200WB1996PTC153567	SIGMA INFRASTRUCTURE PRIVATE LIMITED.	Director	28/09/2010	9/6/2010	9/3/2011	Active	NO
12	U28999DL1971PLC005782	STEEL AND METAL TUBES (INDIA) LTD	Director	30/09/2011	25/06/2011	-	Active	NO
13	U67190UP2012PLC049090	JINDAL PIPES FINANCE LIMITED	Director	28/02/2012	28/02/2012	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Vijay Verma
Designation :	Marketing Manager

MAJOR SHAREHOLDERS

As on: 30.09.2013

Names of Shareholders	No. of Shares
Parivendra Kumar	80
Kamal Kishore Gupta	420
Shiv Shankar Aggarwal	2320
Sankarlal Aggarwal	6900
Vinod K Aggarwal	2640
Kamlesh Devi B Aggarwal	6400
Pramod Kumar Aggarwal	5600
Manoj Kumar Aggarwal	8040
Nirmala Delvi	500
Parivendra Kumar	80
Kamal Kishore Gupta	420
Shiv Shankar Aggarwal	2320

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Bodies corporate	21.60
Directors or relatives of Directors	60.74
Other top fifty shareholders	17.66
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer of Pipes.
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

GENERAL INFORMATION

Suppliers :

Steel Authority of India Limited

Customers :

End Users and Others

No. of Employees :

80 (Approximately)

Bankers :

Canara Bank, Connaught Circus, New Delhi- 110001, India

Facilities :

(Rs. In Millions)

Secured Loan	As on 31.03.2013	As on 31.03.2012
Short Term Borrowing
Working Capital Loan From Bank	52.884	66.959
Total	52.884	66.959

Banking Relations :	--
Auditors :
Name :	Kanodia Sanyal and Associates Chartered Accountants
Address :	1520 Ansal Tower, 39 Nehru Place, New Delhi – 110019, India
PAN No.:	AAAFK8020A
Sister Concern :	Neelkanth Tubes Private Limited Address: 31Km, Delhi- Rohtak Road, Villages Rohad, Distt Jhajjar, Haryana, India Tel: 91-1276-278376 Line Business: Manufacturer of Pipes

CAPITAL STRUCTURE

As on: 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
70000	Equity Shares	Rs.100/- each	Rs. 7.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
63880	Equity Shares	Rs.100/- each	Rs. 6.388 Millions
8060	Equity Shares	Rs.50/- each	Rs. 0.403 Millions
Total			Rs. 6.791 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	6.791	6.791	6.791
(b) Reserves & Surplus	156.010	145.313	145.313
(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)	162.801	152.104	152.104
(3) Non-Current Liabilities
(a) long-term borrowings	4.883	7.447	9.034
(b) Deferred tax liabilities (Net)	1.229	1.704	0.000
(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)	6.112	9.151	9.034
(4) Current Liabilities
(a) Short term borrowings	52.884	66.959	80.155
(b) Trade payables	57.964	2.220	12.079
(c) Other current liabilities	7.482	4.605	19.008
(d) Short-term provisions	3.232	2.107	3.513
Total Current Liabilities (4)	121.562	75.891	114.755
TOTAL	290.475	237.146	275.893
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	131.586	134.426	131.991
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	3.723	2.300	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	1.798	1.798	1.798
(c) Deferred tax assets (net)	0.000	0.000	1.187
(d) Long-term Loan and Advances	4.747	1.668	1.001
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	141.854	140.192	135.977
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	48.038	27.798	48.036
(c) Trade receivables	75.982	43.972	58.714
(d) Cash and cash equivalents	2.729	1.126	8.614
(e) Short-term loans and advances	19.210	23.427	24.552
(f) Other current assets	2.662	0.631	0.000
Total Current Assets	148.621	96.954	139.916
TOTAL	290.475	237.146	275.893

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	814.937	720.300	660.731
		Other Income	0.506	2.049	8.136
		TOTAL (A)	815.443	722.349	668.867
Less	EXPENSES
		Cost of Materials Consumed	710.623	659.372	611.534
		Purchases of Stock-in-Trade	38.253	16.175
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	5.468	0.222	1.124
		Employees benefits expense	5.799	5.309	4.900
		Extraordinary items		-0.115	-0.042
		Other expenses	33.840	24.819	32.087
		TOTAL (B)	793.983	705.782	649.603
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		21.460	16.567	19.264
Less	FINANCIAL EXPENSES (D)		8.129	10.951	9.597
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		13.331	5.616	9.667
Less/ Add	DEPRECIATION/ AMORTISATION (F)		2.352	2.207	2.062
	PROFIT BEFORE TAX (E-F) (G)		10.979	3.409	7.605
Less	TAX (H)		(0.217)	2.911	1.732
	PROFIT AFTER TAX (G-H) (I)		11.196	0.498	5.873
Less	APPROPRIATIONS
		Transfer to General Reserve	18.789	7.593	5.000
	BALANCE CARRIED TO THE B/S		18.789	7.593	5.000
	Earnings Per Share (Rs.)		175.27	7.81	4.98

Particulars	31.03.2014
Sales Turnover (Approximately)	950.000

Expected Sales (2014-15) : Rs.1000.000 Millions

The above information has been parted by Vijay verma

Note : Sole Proprietary and Partnership concerns are exempted from filing their financials with the Government Authorities or Registry.

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	1.37	0.07	0.88
Net Profit Margin (PBT/Sales)	(%)	1.35	0.47	1.15
Return on Total Assets (PBT/Total Assets}	(%)	3.85	1.46	2.79
Return on Investment (ROI) (PBT/Networth)		0.07	0.02	0.05
Debt Equity Ratio (Total Debt /Networth)		0.35	0.49	0.59
Current Ratio (Current Asset/Current Liability)		1.22	1.28	1.22

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	6.791	6.791	6.791
Reserves & Surplus	145.313	145.313	156.010
Net worth	152.104	152.104	162.801
long-term borrowings	9.034	7.447	4.883
Short term borrowings	80.155	66.959	52.884
Total borrowings	89.189	74.406	57.767
Debt/Equity ratio	0.586	0.489	0.355

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	660.731	720.300	814.937
		9.016	13.139

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	660.731	720.300	814.937
Profit	5.873	0.498	11.196
	0.89%	0.07%	1.37%

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	Yes
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	Yes
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	Yes
18]	Major customers	Yes
19]	Payments terms	Yes
20]	Export / Import details (if applicable)	No
21]	Market information	----------------------
22]	Litigations that the firm / promoter involved in	----------------------
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	----------------------
26]	Buyer visit details	----------------------
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10091551	18/05/2013 *	187,500,000.00	CANARA BANK	H-54, CONNAUGHT CIRCUS, NEW DELHI, DELHI, DELHI -  110001, INDIA	B77519569
2	10078819	22/10/2007	9,000,000.00	CANARA BANK	H-54, CONNAUGHT CIRCUS, NEW DELHI, DELHI - 110001,  INDIA	A28489557
3	10036586	24/01/2007	65,000,000.00	CANARA BANK	H-54, CONNAUGHT CIRCUS, NEW DELHI, DELHI - 110001,  INDIA	A10587384
4	80025718	26/05/2004	17,000,000.00	CANARA BANK	JANPATH, NEW DELHI, DELHI - 110001, INDIA	-
5	80025719	26/05/2004	17,000,000.00	CANARA BANK	JANPATH, NEW DELHI, DELHI - 110001, INDIA	-
6	80025763	26/05/2008 *	27,000,000.00	CANARA BANK	74, JANPATH, NEW DELHI, DELHI - 110001, INDIA	A40744732
7	90062128	07/11/1994 *	2,500,000.00	CANARA BANK	H-54; CONNAUGHT CIRCUS, NEW DELHI, DELHI, INDIA	-
8	90061336	17/01/1998 *	5,000,000.00	CANARA BANK	H-54; CONNAUGHT CIRCUS, NEW DELHI, DELHI - 110001,  INDIA	-
9	90061218	14/08/1997 *	5,184,000.00	CANARA BANK	H-54; CONNAUGHT CIRCUS, NEW DELHI, DELHI - 110001,  INDIA	-
10	90060509	09/06/2001 *	1,500,000.00	CANARA BANK	CONNAUGHT CIRCUS, NEW DELHI, DELHI - 110001, INDIA	-
11	90060345	09/05/1994 *	2,000,000.00	CANARA BANK	H-54; CONNAUGHT CIRCUS, NEW DELHI, DELHI, INDIA	-
12	90060319	10/11/1993 *	2,000,000.00	CANARA BANK	H-54; CONNAUGHT CIRCUS, NEW DELHI, DELHI, INDIA	-
13	90059643	08/12/1987	13,000,000.00	CANARA BANK	H-54; CONNAUGHT CIRCUS, NEW DELHI, DELHI - 110001,  INDIA	-
14	90059555	31/12/1998 *	7,000,000.00	CANARA BANK	H-54; CONNAUGHT CIRCUS, NEW DELHI, DELHI - 110001,  INDIA	-
15	90059403	27/02/2007 *	70,000,000.00	CANARA BANK	H-54, CONNAUGHT CIRCUS BRANCH, NEW DELHI, DELHI -  110001, INDIA	-
16	90045002	31/03/2010 *	115,000,000.00	CANARA BANK	H-54,, CONNAUGHT CIRCUS, NEW DELHI, DELHI - 11000  1, INDIA	A85139962
17	90059378	24/04/1980	2,400,000.00	THE LAKSHMI COMMERCIAL BANK LTD	H-54; CONNAUGHT CIRCUS, NEW DELHI, DELHI - 110001,  INDIA	-

* Date of charge modification

UNSECURED LOAN

(Rs. In Miillions)

Particular	As on 31.03.2013	As on 31.03.2012
Long Term Borrowing
Vehicle Loan From Bank And Other Vehicle Loan	1.168	2.817
From Directors	1.675	1.985
From Shareholders And Relatives	2.041	2.645
Total	4.884	7.447

INDEX OF CHARGES: NO CHARGES EXIST FOR THE COMPANY

FIXED ASSETS

· Free Hold Land

· Shed and Building

· Flat at Mumbai

· Labour Quarters

· Plant and Machinery

· Elect. Installation

· Office Equipment

· Tubewell

· Vehicles

· Air Cond. And other Equipment

· Furniture and fixture

· Cycle

· Wireless Set

· Computer Set

· Land Gurgoan

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 records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

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

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

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

Charges or investigation registered against subject: None

7] Criminal Records

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

8] Affiliation with Government :

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

9] Compensation Package :

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

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

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

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

CONTRAVENTION

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

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.59.47
UK Pound	1	Rs.99.70
Euro	1	Rs.81.55

INFORMATION DETAILS

Information Gathered by :	HTL
Analysis Done by :	DIV
Report Prepared by :	YOG

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	5
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		45

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
--	NB	New Business	--

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.