MIRA INFORM REPORT

Report Date :

20.05.2014

IDENTIFICATION DETAILS

Name :	DALMIA CEMENT (BHARAT) LIMITED (w.e.f. 31.12.2010)
Formerly Known As :	AVNIJA PROPERTIES LIMITED
Registered Office :	Dalmiapuram District Tiruchirappalli - 621651, Tamilnadu
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	04.07.1996
Com. Reg. No.:	18-035963
Capital Investment / Paid-up Capital :	Rs.2529.200 Millions
CIN No.: [Company Identification No.]	U65191TN1996PLC035963
PAN No.: [Permanent Account No.]	AADCA9414C
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	The company is engaged in the manufacturing and selling of cement.
No. of Employees :	Information declined by the management.

RATING & COMMENTS

MIRA’s Rating :

A (64)

RATING		STATUS	PROPOSED CREDIT LINE
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

Maximum Credit Limit :	USD 115000000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Exist
Comments :	Subject is a well-established company having fine track record. The rating reflects healthy financial risk profile marked by adequate liquidity position and fair profitability of the company. Trade relations are reported as fair. Business is active. Payments are reported to be regular and as per commitment. The company can be considered good 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.

EXTERNAL AGENCY RATING

Rating Agency Name	CARE
Rating	Long Term Instruments = AA-
Rating Explanation	High degree of safety and very low credit risk
Date	April 01, 2014

RBI DEFAULTERS’ LIST STATUS

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

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

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

INFORMATION DENIED BY

Name :	Mr. Francis
Contact No.:	91-44-28279933
Date :	14.05.2014

LOCATIONS

Registered Office :	Dalmiapuram District Tiruchirappalli - 621651, Tamilnadu, India
Tel. No.:	91-4329- 235123 / 235144 and 235166
Fax No.:	91-4329-235122 / 235111
E-Mail :	r.guru@dalmiacement.com s.natarajam@dalmiacement.com s.ranjith@dalmiacement.com dal_ref@satyam.net.in kv.mohan@dalmiabharat.com
Website :	http://www.dalmiacement.com
Corporate Office :	Hansalaya, 11^th and 12^th Floor, 15, Barakhamba Road, New Delhi - 110 001, India
Tel. No.:	91-11-23310121 / 23 / 24 / 25
Fax No.:	91-11-23313303
Cement Business Office:	Fagun Mansion, 4^th Floor, 26, Ethiraj Salai, Egmore, Chennai - 600 008, Tamilnadu, India
Tel. No.:	91-44-28279933 / 2896
Fax No.:	91-44-28276508
Factory :	Located At · Dalmiapuram · Kadapa · Arilayur
Regional Offices and Customer Care Centres 1 :	101, Embassy Square, 148, Infantry Road, Bangalore - 560 001, Karnataka, India
Tel. No.:	91-80-41327677
Regional Offices and Customer Care Centre:	Located At · Andhra Pradesh · Karnataka · Kerala · Tamilnadu

DIRECTORS

AS ON 22.08.2013

Name :

Mr. Sanjay Omprakash Nayar

Designation :

Director

Address :

Flat No. 9, the Rushilla Co-operative Housing Society, 17/C, Carmichael Road, Mumbai – 400026, Maharashtra, India

Date of Birth/Age :

13.10.1960

Qualification :

Mechanical Engineer, MBA(Finance)

Date of Appointment :

08.08.2011

DIN No.:

00002615

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	U65990MH1984PLC033929	TCS e-Serve Limited	Nominee director	30/10/2001	30/10/2001	01/01/2009	Amalgamated	NO
2	U65900MH1997FLC109170	CITICORP FINANCE (INDIA) LIMITED	Director	20/12/2001	20/12/2001	31/01/2009	Amalgamated	NO
3	U67120MH2002PLC136776	CITICORP CAPITAL MARKETS LIMITED	Director	08/08/2002	08/08/2002	27/02/2009	Active	NO
4	U72200KA2004PLC072927	WIPRO TECHNOLOGY SERVICES LIMITED	Director	15/09/2004	15/09/2004	20/01/2009	Amalgamated	NO
5	U80101MH2002NPL136300	Pratham Education Foundation	Director	01/08/2005	01/08/2005	-	Active	NO
6	U63090MH2005PLC157251	Citicorp Clearing Services India Limited	Director	10/11/2005	10/11/2005	31/01/2009	Active	NO
7	U45201DL2005PTC142019	VALLEYVIEW PROBUILD PRIVATE LIMITED	Director	23/10/2006	23/10/2006	-	Active	NO
8	U80100AP1997NPL036631	INDIAN SCHOOL OF BUSINESS	Director	11/11/2006	11/11/2006	-	Active	NO
9	U67190MH2009FTC189794	KKR India Advisors Private Limited	Director	22/01/2009	22/01/2009	-	Active	NO
10	U67190TN1995PTC030045	KKR India Financial Services Private Limited	Additional director	09/08/2013	23/12/2009	-	Active	NO
11	U70102DL2010PTC198190	HERITAGE VIEW DEVELOPERS PRIVATE LIMITED	Director	20/01/2010	20/01/2010	-	Active	NO
12	U65923MH2007PLC168721	GRAMEEN CAPITAL INDIA LIMITED	Director	30/09/2010	26/02/2010	-	Active	NO
13	U55101KA2008PTC046866	COFFEE DAY RESORTS PRIVATE LIMITED	Nominee director	30/03/2010	30/03/2010	-	Active	NO
14	U85110KA1993PLC015001	AMALGAMATED BEAN COFFEE TRADING COMPANY LIMITED	Director	30/06/2010	07/06/2010	-	Active	NO
15	U10300DL2007PLC171250	DALMIA CEMENT VENTURES LIMITED	Director	24/09/2010	03/09/2010	30/05/2013	Amalgamated	NO
16	U65191TN1996PLC035963	Dalmia Cement (Bharat) Limited	Director	08/08/2011	03/09/2010	-	Active	NO
17	L64201DL2006PLC156038	Bharti Infratel Limited	Director	03/07/2013	31/01/2011	-	Active	NO
18	L51504WB1978PLC031813	MAGMA FINCORP LIMITED	Director	12/07/2012	01/07/2011	-	Active	NO
19	U40101DL2005PLC138906	AVANTHA POWER & INFRASTRUCTURE LIMITED	Director	01/11/2011	08/08/2011	-	Active	NO
20	U80904MH2011NPL222392	Pratham Institute for Literacy Education and Vocational Training	Director	26/09/2011	26/09/2011	-	Active	NO
21	U25111MH2007PTC172456	ATC TIRES PRIVATE LIMITED	Director	26/06/2013	26/06/2013	-	Active	NO
22	U67190MH2013PTC245486	Grameen Capital Investment Advisors Private Limited	Director	11/07/2013	11/07/2013	-	Active	NO
23	L85110TN1979PLC008035	APOLLO HOSPITALS ENTERPRISE LIMITED	Additional director	10/02/2014	10/02/2014	-	Active	NO
24	U70109DL2014PTC265573	SEA VIEW PROBUILD PRIVATE LIMITED	Director	28/02/2014	28/02/2014	-	Active	NO

Name :

Mr. Jai Hari Dalmia

Designation :

Director

Address :

1, Tees January Marg, New Delhi – 110011, India

Date of Birth/Age :

18.09.1944

Qualification :

B.E.(Electrical), Masters' In Electrical Engineering

Date of Appointment :

08.08.2011

DIN No.:

00009717

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	U74899DL1974PTC007157	KAVITA TRADING AND INVESTMENT COMPANY PRIVATE LIMITED	Director	22/03/1974	22/03/1974	-	Active	NO
2	L74899DL1944PLC000759	ALIROX ABRASIVES LIMITED	Director	14/05/1978	14/05/1978	-	Active	NO
3	U65993DL1982PLC182919	MAYUKA INVESTMENT LIMITED	Director	07/09/1992	07/09/1992	-	Active	NO
4	U65993DL1974PLC007130	SITA INVESTMENT COMPANY LIMITED	Director	08/10/1992	08/10/1992	-	Active	NO
5	U74899DL1972PTC006238	RAMA INVESTMENT CO PRIVATE LTD	Director	30/09/1997	30/09/1997	-	Active	NO
6	L26942TN1951PLC000640	DALMIA BHARAT SUGAR AND INDUSTRIES LIMITED	Managing director	01/04/2012	01/04/2007	-	Active	NO
7	U10300DL2007PLC171250	DALMIA CEMENT VENTURES LIMITED	Additional director	20/10/2009	20/10/2009	24/05/2010	Amalgamated	NO
8	U24233DL2007PLC166943	Dalmia Sugar Ventures Limited	Director	30/08/2010	27/10/2009	-	Active	NO
9	U65191TN1996PLC035963	Dalmia Cement (Bharat) Limited	Director	08/08/2011	15/11/2010	-	Active	NO
10	L40109TN2006PLC058818	DALMIA BHARAT LIMITED	Managing director	01/04/2011	11/02/2011	-	Active	NO

Name :

Mr. Gautam Dalmia

Designation :

Managing director

Address :

1, Tees January Marg, New Delhi – 110011, India

Date of Birth/Age :

14.01.1968

Qualification :

B.S. And M.S Degrees In Electrical Engineering

Date of Appointment :

09.02.2011

PAN No.:

AAFPD5252N

DIN No.:

00009758

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	U74899DL1974PTC007157	KAVITA TRADING AND INVESTMENT COMPANY PRIVATE LIMITED	Director	21/10/1995	21/10/1995	-	Active	NO
2	U45203DL1994PLC116832	ISHITA PROPERTIES LIMITED	Director	16/12/1998	16/12/1998	01/02/2010	Active	NO
3	U85110MH1998PLC226134	INDUS-LEAGUE CLOTHING LIMITED	Director	17/04/1999	17/04/1999	21/11/2011	Active	NO
4	U74899DL1972PTC006238	RAMA INVESTMENT CO PRIVATE LTD	Director	18/08/1999	18/08/1999	-	Active	NO
5	U65993DL1974PLC007130	SITA INVESTMENT COMPANY LIMITED	Director	28/10/2000	28/10/2000	-	Active	NO
6	L67120WB1980PLC032522	KANODIA COMMERCIAL LTD	Director	16/05/2001	16/05/2001	-	Amalgamated	NO
7	U72200TN2002PTC049583	MOBIUS KNOWLEDGE SERVICES PRIVATE LIMITED	Director	28/09/2007	12/12/2006	-	Active	NO
8	L26942TN1951PLC000640	DALMIA BHARAT SUGAR AND INDUSTRIES LIMITED	Managing director	16/01/2012	16/01/2007	-	Active	NO
9	U10300DL2007PLC171250	DALMIA CEMENT VENTURES LIMITED	Director	25/09/2008	19/02/2008	-	Amalgamated	NO
10	U65191TN1996PLC035963	Dalmia Cement (Bharat) Limited	Managing director	09/02/2011	09/02/2011	-	Active	NO
11	L40109TN2006PLC058818	DALMIA BHARAT LIMITED	Director	26/08/2011	11/02/2011	-	Active	NO
12	U72900TN2014PTC094618	Mobius365 Data Services Private Limited	Director	20/01/2014	20/01/2014	-	Active	NO

Name :

Mr. Yadu Hari Dalmia

Designation :

Director

Address :

18, Golf Links, New Delhi – 110003, India

Date of Birth/Age :

02.06.1947

Qualification :

B.Com (H), FCA

Date of Appointment :

08.08.2011

DIN No.:

00009800

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	U74899DL1972PTC006238	RAMA INVESTMENT CO PRIVATE LTD	Director	05/08/1972	05/08/1972	-	Active	NO
2	U74899DL1974PTC007151	PUNEET TRADING AND INVESTMENT COmpany private limited	Director	22/03/1974	22/03/1974	27/09/2013	Active	NO
3	U65993DL1982PLC182919	MAYUKA INVESTMENT LIMITED	Director	07/09/1992	07/09/1992	-	Active	NO
4	L26942OR1949PLC000185	OCL INDIA LIMITED	Director	17/05/2005	17/05/2005	14/05/2008	Active	NO
5	L26942TN1951PLC000640	DALMIA BHARAT SUGAR AND INDUSTRIES LIMITED	Managing director	16/01/2012	16/01/2007	01/11/2013	Active	NO
6	U65191TN1996PLC035963	Dalmia Cement (Bharat) Limited	Director	08/08/2011	09/02/2011	-	Active	NO
7	L40109TN2006PLC058818	DALMIA BHARAT LIMITED	Managing director	11/02/2011	11/02/2011	-	Active	NO
8	U74900DL2013PTC252049	Shri Yadu Hari Trusteeship Services Private Limited	Director	15/05/2013	15/05/2013	-	Active	NO
9	U74999DL2013PTC252358	YHD Trusteeship Services Private Limited	Director	20/05/2013	20/05/2013	-	Active	NO

Name :

Mr. Nagarajan Gopalaswamy

Designation :

Director

Address :

Flat C-I, 5A, Ramachan Drapuram, Tennur, Tiruchipalli – 420017, Tamilnadu, India

Date of Birth/Age :

06.02.1932

Qualification :

B.Sc, B.E. (Chemical)

Date of Appointment :

08.08.2011

DIN No.:

00017659

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	L26942TN1951PLC000640	DALMIA BHARAT SUGAR AND INDUSTRIES LIMITED	Director	25/07/2008	01/08/1989	15/12/2011	Active	NO
2	L24117RJ1991PLC006307	PODDAR PIGMENTS LIMITED	Director	01/07/1994	01/07/1994	-	Active	NO
3	L24297TN1973PLC006372	DALMIA REFRACTORIES LIMITED	Director	30/04/1999	30/04/1999	-	Active	NO
4	U14107TN2006PLC058816	SRI SUBRAMANYA MINES & MINERALS LIMITED	Director	10/02/2006	10/02/2006	-	Active	NO
5	U14107TN2006PLC058820	SRI SWAMINATHA MINES & MINERALS LIMITTED	Director	10/02/2006	10/02/2006	-	Active	NO
6	U14107TN2006PLC058817	SRI SHANMUGHA MINES & MINERALS LIMITED	Director	10/02/2006	10/02/2006	-	Active	NO
7	U40109TN2006PLC058819	DCB POWER VENTURES LIMITED	Director	10/02/2006	10/02/2006	-	Active	NO
8	L40109TN2006PLC058818	DALMIA BHARAT LIMITED	Director	10/02/2006	10/02/2006	-	Active	NO
9	U65993TN1987PLC014964	INTEGRATED ENTERPRISES (INDIA) LIMITED	Director	24/04/2009	24/04/2009	-	Active	NO
10	U65191TN1996PLC035963	Dalmia Cement (Bharat) Limited	Director	08/08/2011	09/02/2011	-	Active	NO

Name :

Mr. Puneet Yadu Dalmia

Designation :

Managing director

Address :

18, Golf Links, New Delhi – 110003, India

Date of Birth/Age :

15.10.1972

Qualification :

B. Tech, MBA

Date of Appointment :

09.02.2011

DIN No.:

00022633

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	U29191TN1992PTC022512	DALMIA ELECTRODYN TECHNOLOGIES PRIVATE LIMITED	Director	20/04/1992	20/04/1992	24/08/2011	Active	NO
2	U74899DL1974PTC007151	PUNEET TRADING AND INVESTMENT COmpany private limited	Director	27/07/1998	27/07/1998	28/04/2012	Active	NO
3	U72900DL1999PTC100440	ZIPAHEAD.COM Private Limited	Director	29/06/1999	29/06/1999	-	Active	NO
4	U74899DL1972PTC006238	RAMA INVESTMENT CO PRIVATE LTD	Director	23/08/1999	23/08/1999	-	Active	NO
5	U65993WB1983PLC035766	ANKITA PRATISTHAN LIMITED	Director	11/05/2001	11/05/2001	-	Active	NO
6	U74899DL2000PTC103127	NETCARROTS COM PRIVATE LIMITED	Director	01/11/2002	01/11/2002	31/08/2007	Active	NO
7	U67190MH2004PLC150329	CAPITAL FIRST INVESTMENT ADVISORY LIMITED	Director	23/02/2005	23/02/2005	06/12/2007	Active	NO
8	L26942TN1951PLC000640	DALMIA BHARAT SUGAR AND INDUSTRIES LIMITED	Managing director	16/01/2012	16/01/2007	01/11/2013	Active	NO
9	U10300DL2007PLC171250	DALMIA CEMENT VENTURES LIMITED	Director	25/09/2008	19/02/2008	-	Amalgamated	NO
10	L26942OR1949PLC000185	OCL INDIA LIMITED	Director	22/09/2008	15/05/2008	-	Active	NO
11	U65191TN1996PLC035963	Dalmia Cement (Bharat) Limited	Managing director	09/02/2011	09/02/2011	-	Active	NO
12	L40109TN2006PLC058818	DALMIA BHARAT LIMITED	Director	26/08/2011	11/02/2011	-	Active	NO
13	U65991TN2007PLC064133	TVS CAPITAL FUNDS LIMITED	Director	27/09/2011	15/02/2011	-	Amalgamated	NO
14	U67100DL2011PLC214079	NEW HABITAT HOUSING FINANCE AND DEVELOPMENT LIMITED	Additional director	11/03/2011	11/03/2011	20/06/2012	Active	NO
15	U60300DL2012PTC236924	Dalmia Bharat Logistics Private Limited	Director	04/06/2012	04/06/2012	06/07/2012	Active	NO
16	U65191TN1994PLC028851	TVS Capital Funds Limited	Additional director	01/11/2013	01/11/2013	-	Active	NO
17	U80904DL2008NPL181771	INTERNATIONAL FOUNDATION FOR RESEARCH AND EDUCATION	Director	29/01/2014	29/01/2014	-	Active	NO
18	AAB-6077	SHUBH HOME REALTORS LLP	Designated Partner	26/06/2013	26/06/2013	-	Active	NO

Name :

Mr. Venkatesan Thyagarajan

Designation :

Managing director

Address :

Rajendra 4^th Floor, No.1, 2^nd Floor Street Prithvi Avenue Abiramapuram, Chennai – 600026, Tamilnadu, India

Date of Birth/Age :

04.10.1952

Qualification :

B.A. (Economics), FCA

Date of Appointment :

08.08.2011

DIN No.:

00124050

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	U31300TN2001PLC069645	MALCO Energy Limited	Director	07/02/2006	07/02/2006	19/12/2006	Active	NO
2	L26942TN1951PLC000640	DALMIA BHARAT SUGAR AND INDUSTRIES LIMITED	Director	29/10/2010	01/11/2007	-	Active	NO
3	U40109TN2006PLC058819	DCB POWER VENTURES LIMITED	Director	25/08/2011	01/09/2010	-	Active	NO
4	U65191TN1996PLC035963	Dalmia Cement (Bharat) Limited	Managing director	08/08/2011	01/09/2010	-	Active	NO
5	U26959AS2008PLC008717	ADHUNIK MSP CEMENT (ASSAM) LIMITED	Director	30/08/2013	27/09/2012	-	Active	NO
6	U26942ML2003PLC007090	ADHUNIK CEMENT LIMITED	Director	28/09/2012	28/09/2012	-	Active	NO
7	U26942AS2004PLC007538	CALCOM CEMENT INDIA LIMITED	Director	28/12/2012	31/10/2012	-	Active	NO
8	U10100MH2009PTC191907	KHAPPA COAL COMPANY PRIVATE LIMITED	Nominee director	13/05/2013	13/05/2013	-	Active	NO

Name :

Mr. Ghyanendra Nath Bajpai

Designation :

Director

Address :

131, Shan Apartments, KD Marg, Prabhadevi, Mumbai – 400028, Maharashtra, India

Date of Birth/Age :

06.07.1942

Qualification :

B.Com(H), L.L.B. and M.Com

Date of Appointment :

08.08.2011

DIN No.:

00946138

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	U32202DL1986PTC024575	INFOMERICS VALUATION AND RATING PRIVATE LIMITED	Director	17/03/2005	17/03/2005	12/12/2012	Active	NO
2	U74999MH2003PTC139774	INVENT ASSETS SECURITISATION AND RECONSTRUCTION PRIVATE LIMITED	Director	26/05/2005	26/05/2005	-	Active	NO
3	U74100MH2005PTC154587	INTUIT CONSULTING PRIVATE LIMITED	Director	07/07/2005	07/07/2005	-	Active	NO
4	U72200MH2005PTC153209	EPITOME GLOBAL SERVICES PRIVATE LIMITED	Director	23/12/2005	23/12/2005	18/09/2008	Active	NO
5	U66010MH2006PLC165288	Future Generali India Life Insurance Company Limited	Director	23/11/2007	16/03/2007	-	Active	NO
6	U66030MH2006PLC165287	Future Generali India Insurance Company Limited	Director	23/11/2007	16/03/2007	-	Active	NO
7	L17120MH1984PLC033553	MANDHANA INDUSTRIES LIMITED	Director	16/05/2007	16/05/2007	-	Active	NO
8	U74899DL2001NPL109345	INTERNATIONAL DEVELOPMENT ENTERPRISES (INDIA)	Director	25/06/2007	25/06/2007	-	Active	NO
9	U45201DL2005PLC133161	EMAAR MGF LAND LIMITED	Director	24/09/2007	19/09/2007	24/04/2012	Active	NO
10	L65191KL1927PLC000307	DHANLAXMI BANK LIMITED	Director	07/05/2008	26/09/2007	06/11/2012	Active	NO
11	L29120MH2005PLC156795	CAPITAL FIRST LIMITED	Director	14/08/2008	27/09/2007	28/09/2012	Active	NO
12	U72900MH2002PTC134544	apnapaisa private limited	Director	24/07/2008	22/10/2007	28/09/2012	Active	NO
13	L07010KA2004PLC033412	NITESH ESTATES LIMITED	Director	30/09/2008	29/11/2007	-	Active	NO
14	U67190MH2005PLC157444	Future Capital Investment Advisors Limited	Director	31/07/2008	04/01/2008	25/05/2010	Amalgamated	NO
15	U67190MH2004PLC150329	CAPITAL FIRST INVESTMENT ADVISORY LIMITED	Director	21/07/2008	04/01/2008	25/05/2010	Active	NO
16	L52602MH1996PLC192090	FUTURE CONSUMER ENTERPRISE LIMITED	Director	30/09/2008	20/02/2008	-	Active	NO
17	U67190MH2005PTC155404	INVENT ARC PRIVATE LIMITED	Director	24/09/2008	16/05/2008	-	Active	NO
18	L26942TN1951PLC000640	DALMIA BHARAT SUGAR AND INDUSTRIES LIMITED	Director	25/07/2008	22/05/2008	02/02/2011	Active	NO
19	L85110KA1995PLC018045	Kingfisher Airlines Limited	Director	26/12/2008	15/10/2008	09/01/2012	Active	NO
20	U74899DL2000PLC103606	SHRIRAM NEW HORIZONS LIMITED	Director	30/09/2010	23/10/2009	-	Active	NO
21	U65922DL1988PLC033856	PNB HOUSING FINANCE LIMITED	Director	09/12/2009	09/12/2009	-	Active	NO
22	L31400WB1986PLC091621	USHA MARTIN LIMITED	Director	27/07/2010	18/03/2010	-	Active	NO
23	U65933DL1991PLC266069	Ultimate Investofin Limited	Additional director	26/07/2010	26/07/2010	23/08/2010	Active	NO
24	U00000DL2000PLC104823	MICROMAX INFORMATICS LIMITED	Director	27/09/2011	21/09/2010	-	Active	NO
25	L74999MH1908PLC000291	WALCHANDNAGAR INDUSTRIES LIMITED	Director	10/02/2011	27/12/2010	-	Active	NO
26	U65191TN1996PLC035963	Dalmia Cement (Bharat) Limited	Director	08/08/2011	09/02/2011	-	Active	NO
27	U80302AP2002NPL039397	INSTITUTE OF INSURANCE AND RISK MANAGEMENT	Director	08/08/2012	24/10/2011	-	Active	NO
28	L01551KA1999PLC024991	United Spirits Limited	Director	25/09/2012	20/01/2012	-	Active	NO
29	L17122UP1988PLC009985	SHRI LAKSHMI COTSYN LIMITED	Additional director	14/08/2012	14/08/2012	28/02/2013	Active	NO

Name :

Mr. Asanka Haren Edirimuni Rodrigo

Designation :

Director

Address :

4202, 42 Floor, Planet Godrej Tower, 2 S, Compound, K K Marg, Jacob Circle, Saat Rasta, Mahalaxmi, Mumbai – 400011, Maharashtra, India

Date of Birth/Age :

12.02.1971

Date of Appointment :

08.08.2011

DIN No.:

03010463

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	L26942TN1951PLC000640	DALMIA BHARAT SUGAR AND INDUSTRIES LIMITED	Alternate director	18/03/2010	18/03/2010	01/06/2011	Active	NO
2	U65191TN1996PLC035963	Dalmia Cement (Bharat) Limited	Director	08/08/2011	20/05/2011	-	Active	NO
3	L40109TN2006PLC058818	DALMIA BHARAT LIMITED	Director	24/08/2013	26/05/2011	-	Active	NO
4	U34102MH1999PTC123296	ENDURANCE TECHNOLOGIES Private Limited (CN)	Director	29/08/2012	22/12/2011	-	Active	NO

Name :

Mr. Rajeev Gupta

Designation :

Additional director

Address :

Krishna Kutir, Ground Floor, 28 Union Park, Khar, Mumbai – 400052, Maharashtra, India

Date of Birth/Age :

19.03.1958

Date of Appointment :

09.08.2012

DIN No.:

00241501

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	L92114DL1976PLC008355	COSMO FILMS LIMITED	Director	19/02/2002	19/02/2002	-	Active	NO
2	U74140MH2000PTC167855	CARLYLE INDIA ADVISORS PRIVATE LIMITED	Managing director	15/07/2005	15/07/2005	01/01/2011	Active	NO
3	L27100PB2010PLC033930	VARDHMAN SPECIAL STEELS LIMITED	Director	23/07/2011	15/03/2011	-	Active	NO
4	U36101MH2000PLC129024	BP ERGO LIMITED	Director	16/08/2011	12/05/2011	13/08/2012	Active	NO
5	U65191TN1996PLC035963	Dalmia Cement (Bharat) Limited	Director	09/08/2012	08/08/2011	-	Active	NO
6	U65991TN2007PLC064133	TVS CAPITAL FUNDS LIMITED	Director	19/07/2012	11/11/2011	-	Amalgamated	NO
7	L55101WB1949PLC017981	EIH LIMITED	Director appointed in casual vacancy	01/11/2012	01/11/2012	-	Active	NO
8	L25200MH1968PLC013914	V I P INDUSTRIES LIMITED	Director	28/06/2013	07/02/2013	-	Active	NO
9	U65100MH2013PTC241310	Arpwood Capital Private Limited	Director	25/03/2013	25/03/2013	-	Active	NO
10	U65923MH2013PTC245361	Arpwood Holdings Private Limited	Director	09/07/2013	09/07/2013	19/08/2013	Active	NO
11	U65191TN1994PLC028851	TVS Capital Funds Limited	Additional director	01/11/2013	01/11/2013	-	Active	NO

KEY EXECUTIVES

Name :	Ms. Manisha Bansal
Designation :	Secretary
Address :	D-254, First Floor, Anand Vihar, Delhi – 110092, India
Date of Birth/Age :	04.08.1976
Date of Appointment :	08.08.2011
PAN No.:	AQJPB3538K

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 22.08.2013

Names of Shareholders	No. of Shares
Dalmia Bharat Limited, India	214999994
Sundaresan S.	1
Sundararaj V.	1
Gopal V. K.	1
Gururajan R.	1
Ganesan M.	1
Santhanam N.	1
KKR Mauritius Cement Investment Limited, India	37919005
Total	252919005

AS ON 22.08.2013

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	14.99
Bodies corporate	85.01
Total	100.00

BUSINESS DETAILS

Line of Business :

The company is engaged in the manufacturing and selling of cement.

Products :

Description of product or service category	ITC Code
Portland Cement Almnous Cement ('Cement Fondu')Slag Cement Etc and SMLR HYDRLC Cements W/N CLRD/IN The Form Of Clinkers	2523

PRODUCTION STATUS (As on 31.03.2011)

Particulars	Unit	Installed Capacity	Actual Production
Cement	(‘000 Tonnes)	8200.00	4666.57

Note:

*As certified by the management.

GENERAL INFORMATION

No. of Employees :

Information declined by the management.

Bankers :

· Canara Bank

· Corporation Bank

· Deutsche Bank

· Yes Bank Limited, Nehru Centre, 9th Floor, Discovery Of India, Dr. A. B. Road, Mumbai - 400018, Maharashtra, India

· State Bank of India, Awahar Vyapar Bhawan, 1, Tolstoy Marg, New Delhi - 110001, India

· Axis Bank Limited, 2nd Floor, Statesman House, 148, Barakhamba Road, New Delhi - 110001, India

Facilities :

SECURED LOANS	31.03.2013 (Rs. in Millions)	31.03.2012 (Rs. in Millions)
LONG TERM BORROWINGS
Non-convertible debentures interoperate	4020.000	2560.000
Rupee term loans from banks	13139.700	9166.500
Rupee term loans from others	2894.600	2562.000
SHORT TERM BORROWINGS
Foreign currency term loans from banks	2133.300	2075.300
Working capital loans from banks	300.500	122.800
Total	22488.100	16486.600

Banking Relations :	--
Financial Institutions :	· IL and FS Trust Company Limited, IL and FS Financial Centre plot No C22 G Block Bandra, Kurla Complex Bandra East, Mumbai - 400051, Maharashtra, India · Landesbank Baden-Wurttemberg, Am Hauptbahnh Of 2, 70173 Stuttgart, Federal Republic Of Germany, Stuttgart - Na, Germany
Auditors 1 :
Name :	S. R. Batliboi and Company LLP Chartered Accountants
Address :	Golf View Corporate Tower B, Sector 42, Sector Road, Gurgaon-122 002, Haryana, India
PAN No.:	AALFS0506L
Auditors 2 :
Name :	S.S. Kothari Mehta and Company Chartered Accountants
Address :	146-149, Tribhuvan Complex, Ishwar Nagar, New Delhi-110065, India
PAN No.:	AABFS6730L
Cost Auditor :
Name :	R.J. Goel and Company Cost Accountants
Holding Company :	· Dalmia Bharat Limited
Fellow subsidiaries :	· Dalmia Power Limited · Kanika Investment Limited CIN NO.: U65993TN1979PLC050181
Subsidiaries :	· Adhunik Cement Limited · Calcom Cement India Limited · Sri Madhusudana Mines and Properties Limited · Ishita Properties Limited, · Hemshila Properties Limited · Dalmia Cement Ventures Limited CIN NO.: U10300DL2007PLC171250 · Dalmia Minerals and Properties Limited CIN NO.: U14107TN2005PLC057327 · Geetee Estates Limited CIN NO.: U65993TN1996PLC035965 · Hemshila Properties Limited CIN NO.: U65191TN1996PLC035962 · Ishita Properties Limited CIN NO.: U45203DL1994PLC116832 · Sri Shanmugha Mines and Minerals Limited CIN NO.: U14107TN2006PLC058817 · Sri Swaminatha Mines and Minerals Limited CIN NO.: U14107TN2006PLC058820 · Sri Trivikrama Mines and Properties Limited CIN NO.: U14102TN2006PLC061212 · Sri Subramanya Mines and Minerals Limited CIN NO.: U14107TN2006PLC058816 · Sri Dhandauthapani Mines and Minerals Limited CIN NO.: U14107TN2006PLC061254 · Arjuna Brokers and Minerals Limited CIN NO.: U67200TN2005PLC057329 · D.I. Properties Limited CIN NO.: U65993TN1996PLC035964 · Shri Rangam Properties Limited CIN NO.: U65993TN1997PLC037308 · Sri Madhusudana Mines and Properties Limited CIN NO.: U14105TN2006PLC061260 · Shri Radha Krishna Brokers and Holdings Limited CIN NO.: U67200TN2005PLC057330
Step down Subsidiaries of Dalmia Cement Ventures Limited :	Golden Hills Resort Private Limited and Rajputana Properties Private Limited
Step down Subsidiaries of Dalmia Minerals and Properties Limited :	Cosmos Cements Limited and Sutnga Mines Private Limited
Step down Subsidiary of Adhunik Cement Limited :	Adhunik MSP Cement (Assam) Limited
Step down Subsidiaries of Calcom Cement India Limited:	· Vinay Cements Limited · RCL Cements Limited · SCL Cements Limited
Associate:	· OCL India Limited CIN NO.: L26942OR1949PLC000185 · DCB Power Ventures Limited CIN NO.: U40109TN2006PLC058819
Joint Ventures :	· Khappa Coal Company Private Limited CIN NO.: U10100MH2009PTC191907
Enterprises which are owned, or have significant influence of or are partners with key management personnel and their relatives :	· Dalmia Bharat Sugar and Industries Limited CIN NO.: L26942TN1951PLC000640 · Himshikhar Investments Limited · Keshav Power Limited · Shri Nataraj Ceramic and Chemical Industries Limited

CAPITAL STRUCTURE

After 22.08.2013

Authorised Capital : Rs.3000.000 Millions

Issued, Subscribed & Paid-up Capital : Rs.2529.190 Millions

As on 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
300000000	Equity Shares	Rs.10/- each	Rs.3000.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
252919005	Equity Shares	Rs.10/- each	Rs.2529.200 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	2,529.200	2,529.200	2,529.200
(b) Reserves & Surplus	26,205.500	24,799.000	23,417.900
(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)	28,734.700	27,328.200	25,947.100
(3) Non-Current Liabilities
(a) long-term borrowings	20,678.700	15,015.200	17,551.800
(b) Deferred tax liabilities (Net)	1,088.300	733.000	419.600
(c) Other long term liabilities	1,880.900	702.800	618.900
(d) long-term provisions	200.100	113.000	24.200
Total Non-current Liabilities (3)	23,848.000	16,564.000	18,614.500
(4) Current Liabilities
(a) Short term borrowings	2,441.500	2,208.400	339.600
(b) Trade payables	1,864.900	1,350.500	1,200.800
(c) Other current liabilities	2,404.700	1,861.800	1,870.600
(d) Short-term provisions	171.400	165.700	71.600
Total Current Liabilities (4)	6,882.500	5,586.400	3,482.600
TOTAL	59,465.200	49,478.600	48,044.200
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	29,201.400	29,659.400	30,909.400
(ii) Intangible Assets	15.500	17.000	29.900
(iii) Capital work-in-progress	2,620.200	660.600	335.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	13,674.300	8,920.200	6,662.000
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	4,442.100	1,889.200	1,710.900
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	49,953.500	41,146.400	39,647.200
(2) Current assets
(a) Current investments	3,843.900	3,056.900	60.000
(b) Inventories	2,538.400	2,292.000	2,669.400
(c) Trade receivables	1,445.800	1,224.000	904.300
(d) Cash and cash equivalents	522.800	449.100	3,762.200
(e) Short-term loans and advances	1,152.100	1,310.200	1,001.100
(f) Other current assets	8.700	0.000	0.000
Total Current Assets	9,511.700	8,332.200	8,397.000
TOTAL	59,465.200	49,478.600	48,044.200

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Revenue from operation	24393.900	22517.000	16756.900
		Other Income	850.600	670.800	455.100
		TOTAL (A)	25244.500	23187.800	17212.000
Less	EXPENSES
		Cost of materials consumed	2356.700	2068.600	1566.000
		Changes in inventories of finished goods, work-in-progress and stock-in-trade	(25.300)	3.100	83.300
		Employee benefit expense	1229.700	1040.800	755.400
		Other expenses	15442.300	14398.000	11165.600
		TOTAL (B)	19003.400	17510.500	13570.300
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		6241.100	5677.300	3641.700
Less	FINANCIAL EXPENSES (D)		1963.100	1509.600	1711.500
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		4278.000	4167.700	1930.200
Less/ Add	DEPRECIATION/ AMORTISATION (F)		1588.900	1604.100	1539.800
	PROFIT/(LOSS) BEFORE TAX (E-F) (G)		2689.100	2563.600	390.400
Less	TAX (H)		1119.800	1020.900	426.600
	PROFIT/(LOSS) AFTER TAX (G-H) (I)		1569.300	1542.700	(36.200)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		1291.500	8.300	42.400
	Transfer from Debenture Redemption Reserve		0.000	0.000	100.000
Less	APPROPRIATIONS
		Debenture Redemption Reserve (net)	172.900	97.900	98.000
		Dividend	139.100	139.100	0.000
		Tax On Dividend	23.700	22.500	0.000
	BALANCE CARRIED TO THE B/S		2525.100	1291.500	8.300
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	120.300	19.500	70.500
	TOTAL EARNINGS		120.300	19.500	70.500
	IMPORTS
		Stores & Spares	58.400	81.300	64.900
		Raw Material	16.700	0.000	0.000
		Capital Goods	695.100	0.000	0.000
		Coal	4837.400	4182.400	4180.100
	TOTAL IMPORTS		5607.600	4263.700	4245.000
	Earnings Per Share (Rs.)		6.20	6.10	(0.15)

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	6.22	6.65	(0.21)
Net Profit Margin (PBT/Sales)	(%)	11.02	11.38	2.33
Return on Total Assets (PBT/Total Assets}	(%)	6.23	6.43	0.95
Return on Investment (ROI) (PBT/Networth)		0.09	0.09	0.01
Debt Equity Ratio (Total Debt /Networth)		0.80	0.63	0.69
Current Ratio (Current Asset/Current Liability)		1.38	1.49	2.41

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2011	31.03.2012	31.03.2013
	(INR in Mlns.)	(INR in Mlns.)	(INR in Mlns.)
Share Capital	2,529.200	2,529.200	2,529.200
Reserves & Surplus	23,417.900	24,799.000	26,205.500
Share Application money pending allotment	0.000	0.000	0.000
Net worth	25,947.100	27,328.200	28,734.700
long-term borrowings	17,551.800	15,015.200	20,678.700
Short term borrowings	339.600	2,208.400	2,441.500
Total borrowings	17,891.400	17,223.600	23,120.200
Debt/Equity ratio	0.690	0.630	0.805

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2011	31.03.2012	31.03.2013
	(INR in Mlns.)	(INR in Mlns.)	(INR in Mlns.)
Revenue from operation	16,756.900	22,517.000	24,393.900
		34.374	8.335

NET PROFIT MARGIN

Net Profit Margin	31.03.2011	31.03.2012	31.03.2013
	(INR in Mlns.)	(INR in Mlns.)	(INR in Mlns.)
Revenue from operation	16,756.900	22,517.000	24,393.900
Profit After Tax	(36.200)	1,542.700	1,569.300
	(0.22%)	6.85%	6.43%

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	Yes
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	Yes

DETAILS OF LITIGATIONS

CHENNAI COURT

CASE STATUS INFORMATION SYSTEM

Case Status:	Pending
Status Of:	WRIT PETITION
Case No.:	30561
Year :	2012
Petitioner :	STATE OF TAMILNADU
Respondent :	TVL.DALMIA CEMENT (B) LIMITED
Pet's Advocate :	SPL.GOVT.PLEADER
Res's Advocate :	C.V.RAMACHANDRA MURTH
Category :	Mines and Minerals
	Last Listed on: No Date Mentioned
Case Updated on :	March 1, 2013

VIEW INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10487070	26/03/2014	8,870,000,000.00	IL & FS TRUST COMPANY LIMITED	IL & FS Financial Centreplot No C22 G Block Bandra , Kurla Complex Bandra East, Mumbai, Maharashtra  - 400051, India	C01194778
2	10449460	05/09/2013	750,000,000.00	Axis Bank Limited	2nd Floor, Statesman House, 148, Barakhamba Road,  New Delhi, Delhi - 110001, India	B85177137
3	10449464	05/09/2013	500,000,000.00	Axis Bank Limited	2nd Floor, Statesman House, 148, Barakhamba Road, New Delhi, Delhi - 110001, India	B85178200
4	10433707	14/06/2013	8,870,000,000.00	SBICAP TRUSTEE COMPANY LIMITED	202, Maker Tower, 'E', Cuffe Parade, Colaba,, Mumbai, Maharashtra - 400005, India	B78243912
5	10433717	29/11/2013 *	8,870,000,000.00	SBICAP TRUSTEE COMPANY LIMITED	202, Maker Tower, 'E', Cuffe Parade, Colaba,, Mumbai, Maharashtra - 400005, India	B90824947
6	10426928	16/05/2013	574,216,581.60	LANDESBANK BADEN-WURTTEMBERG	Am Hauptbahnh of 2, 70173 Stuttgart, Federal Republic Of Germany, Stuttgart, - Na, Germany	B75550418
7	10411785	15/03/2013 *	2,000,000,000.00	IL & FS TRUST COMPANY LIMITED	IL and FS Financial Centreplot No C22 G Block Bandra , Kurla Complex Bandra East, Mumbai, Maharashtra  - 400051, India	B72116163
8	10399441	09/01/2013	650,000,000.00	AXIS BANK LTD.	2nd Floor, Statesman House, 148, Barakhamba Road,  New Delhi, Delhi - 110001, India	B66650243
9	10395154	19/08/2013 *	1,000,000,000.00	IL & FS TRUST COMPANY LIMITED	IL and FS Financial Centreplot No C22 G Block Bandra , Kurla Complex Bandra East, Mumbai, Maharashtra  - 400051, India	B82982489
10	10403268	21/12/2012	1,250,000,000.00	YES BANK LIMITED	Nehru Centre, 9th Floor, Discovery Of India, Dr. A. B. Road, Mumbai, Maharashtra - 400018, India	B68224989

* Date of charge modification

CORPORATE INFORMATION

The Company is a public company domiciled in India and incorporated under the provisions of the Companies Act, 1956. Its debt securities are listed on one stock exchange in India. The company is engaged in the manufacturing and selling of cement. The company mainly caters to markets in southern India.

CEMENT INDUSTRY DEVELOPMENTS AND OUTLOOK

The Cement Industry showed modest growth of 5% in FY13. This was on account of overall slowdown in the economy, poor growth of private final consumption expenditure, shortage of essential construction items and, bricks and water, and high interest rates.

Cement Demand is expected to grow at around 6.5-7.0% in FY14 on account of increased investment in housing and infrastructure related projects by both public and private sectors. Further increased governmental impetus on heavy infrastructure projects like freight corridors, airports, seaports, power plants, etc. is expected to only add to the strong cement demand in the country.

With an addition of approximately 36 MTPA of capacity during FY13, the Indian Cement Industry has a total capacity of 360 MTPA today and is operating at around 70% utilisation. The industry is expected to further add around 25 MTPA of capacity in FY14.

CEMENT INDUSTRY DEVELOPMENTS AND OUTLOOK

The Cement Industry showed modest growth of 5% in FY13. This was on account of overall slowdown in the economy, poor growth of private final consumption expenditure, shortage of essential construction items and, bricks and water, and high interest rates. Cement Demand is expected to grow at around 6.5-7.0% in FY14 on account of increased investment in housing and infrastructure related projects by both public and private sectors. Further increased governmental impetus on heavy infrastructure projects like freight corridors, airports, seaports, power plants, etc. is expected to only add to the strong cement demand in the country.

With an addition of approximately 36 MTPA of capacity during FY13, the Indian Cement Industry has a total capacity of 360 MTPA today and is operating at around 70% utilisation. The industry is expected to further add around 25 MTPA of capacity in FY14.

INVESTMENT IN CALCOM CEMENT INDIA LIMITED AND ADHUNIK CEMENT LIMITED

With a view to expand the cement footprint in the North East Region of India, the Company increased its stake in Calcom Cement India Limited by taking up further Equity Shares in the capital of that Company. The Company now holds stake in Calcom Cement India Limited. During the year, your Company also acquired majority stake in Adhunik Cement Limited in Meghalaya which has a cement capacity of 1.5 MTPA. With this acquisition the Company has consolidated its position as the leading national brand in the North Eastern region of India.

UNSECURED LOAN

PARTICULAR	31.03.2013 (Rs. in Millions)	31.03.2012 (Rs. in Millions)
LONG TERM BORROWINGS
Working capital loans from banks	2.800	3.100
Deferred payment Indian sources	579.100	689.800
Deposits from others	42.500	33.800
SHORT TERM BORROWINGS
Deposits from others	7.700	10.300
Total	632.100	737.000

WEBSITE DETAILS:

Dalmia Cement (Bharat) Limited acquires 74% holding in Bokaro Jaypee Cement Limited (BoJCL)

New Delhi, March 24th 2014: The Board of Directors of Dalmia Cement (Bharat) Limited (DCBL), a subsidiary of Dalmia Bharat Limited, approved the proposed acquisition of 74% stake in Bokaro Jaypee Cement Limited (BoJCL), a joint venture between Jaiprakash Associates Limited (JAL) with 74% stake, and Steel Authority of India Limited (SAIL) with 26% stake. The total enterprise value is Rs. 1,1500.000 Millions. BoJCL is a 2.1 million tonnes per annum (MTPA) cement unit located at Bokaro, Jharkhand. It has a 30-year long term clinker supply arrangement with JAL and 30-year slag supply arrangement with SAIL. With this acquisition, DCBL’s current installed cement capacity (including subsidiaries and associates) will reach 20 MTPA.

“We are delighted to associate with one of India’s finest infrastructure players. The transaction was completed in a record time with excellent chemistry and co-operation between the professional teams of JAL and DCBL” said Mr. Mahendra Singhi, Group CEO-Cement, DCBL.

The proposed acquisition would be funded through a mix of debt and internal accruals.

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.58.43
UK Pound	1	Rs.98.28
Euro	1	Rs.80.12

INFORMATION DETAILS

Information Gathered by :	GYT
Analysis Done by :	KAR
Report Prepared by :	SNT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	8
PAID-UP CAPITAL	1~10	7
OPERATING SCALE	1~10	7
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	7
--PROFITABILIRY	1~10	7
--LIQUIDITY	1~10	7
--LEVERAGE	1~10	7
--RESERVES	1~10	7
--CREDIT LINES	1~10	7
--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		64

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.