MIRA INFORM REPORT

Report Date :

14.11.2014

IDENTIFICATION DETAILS

Name :	ASIAN COLOUR COATED ISPAT LIMITED

Registered Office :	405, Nirmal Tower, 26, Barakhamba Road, Connaught Place, New Delhi – 110001

Country :	India

Financials (as on) :	31.03.2013

Date of Incorporation :	02.02.2005

Com. Reg. No.:	55-132593

Capital Investment / Paid-up Capital :	Rs. 731.257 Millions

CIN No.: [Company Identification No.]	U27105DL2005PLC132593

TAN No.: [Tax Deduction & Collection Account No.]	DELA15625B

PAN No.: [Permanent Account No.]	AAFCA1873K

Legal Form :	A Closely Held Public Limited Liability Company

Line of Business :	Manufacturer of Galvanised and Pre-Painted Steel Products, Cold rollers, cold roller.

No. of Employees :	1200 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (49)

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

Maximum Credit Limit :	USD 2880000

Status :	Satisfactory

Payment Behaviour :	Usually Correct

Litigation :	Clear

Comments :	Subject is an established company having satisfactory track record. Financial position of the company seems to be decent. Trade relations are fair .Business is active. Payment terms are reported to be usually correct. The company can be considered 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 – June 1, 2014

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

India

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

INDIAN ECONOMIC OVERVIEW

N E W S

Verdict Implications : Apex court order may alter coal import dynamics. Traders go slow on talks over coal supply contracts, uncertainty over cancellation of blocks weigh on stocks.

Recent arrest of the Chennai head of the Registrar of Companies, the ministry of corporate affairs arm that ensures that companies file all the information required by the Companies Act is the latest manifestation of a messy fight between a father and his adopted son for the control of Rs 40000 mn business empire. The Central Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10 lakhs as bribe from M A M Ramaswamy, a CBI official said.

Central Bureau of Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.

Infosys maintains revenue guidance. COO Rao says attrition still an area of concern and it would take a few more quarters to bring down levels to 13-15 %.

DHL to invest Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its e-commerce business model for the Asia-Pacific region.

Blackstone may buy stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.

Kingfisher Airlines Ltd grounded in October 2012 under the weight of heavy debt and accumulated losses, recently approached the Delhi high court for relief in two separate cases. The airline challenged a notice by Punjab & National Bank alleging that It had wilfully defaulted on Rs 7700 mn of loans and sought more time to comply with the requirements under the listing agreements with the Stock Exchanges.

OnMobile likely to sack another 300 employees. The lay-offs follow a spate of senior-level exits over the past two years, starting with of its founder. The overall lay-offs could number around 600 and are driven by the need to cut costs, says a former employee.

EXTERNAL AGENCY RATING

NOT AVAILABLE

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 31-03-2014.

INFORMATION PARTED BY

Name :	Mr. Ramesh
Designation :	Assistant Manager Finance Department
Contact No.:	91-124-4576200
Date :	12.11.2014

LOCATIONS

Registered Office :	405, Nirmal Tower, 26, Barakhamba Road, Connaught Place, New Delhi – 110001, India
Tel No.:	Not Available
Fax No.:	Not Available
E-Mail :	accil.roc@gmail.com marketing@accil.info commercial@accil.info hrd@accil.info
Website :	http://www.accil.info
Location:	Owned

Corporate Office :	“ACCIL House”, 26P, Sector – 33, Gurgaon, Haryana, India
Tel. No.:	91-124-4516200
Fax No.:	91-124-2808050
E-Mail :	accil@accil.info

Factory :	7 -12, Sector – 6, Bawal, District : Rewari, Haryana, India
Tel. No.:	91-1284-264300/03
Fax No.:	91-1284-264298

DIRECTORS

As on 28.09.2013

Name :

Mr. Vikas Aggarwal

Designation :

Director

Address :

1380, Sector 37, Faridabad-122001, Haryana, India

Date of Birth/Age :

14.05.1972

Date of Appointment :

01.04.2011

PAN No.:

AAHPA0815G

DIN No.:

00014631

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	U74899DL1992PTC050675	AGR STEEL STRIPS PRIVATE LIMITED	Director	08-02-2000	08-02-2000	-	Active	NO
2	U27105DL2005PLC132593	ASIAN COLOUR COATED ISPAT LIMITED	Managing director	01-04-2011	02-02-2005	-	Active	NO
3	U55101DL2003PLC121747	ACCIL HOSPITALITY LIMITED	Director	01-10-2008	01-10-2008	-	Active	NO
4	U45201DL2006PTC146895	EXPERT TOWNSHIP PRIVATE LIMITED	Director	29-09-2009	26-12-2008	-	Active	NO
5	U93030DL2008PTC185351	MOKSH LOGISTICS PRIVATE LIMITED	Additional director	10-07-2009	10-07-2009	-	Amalgamated	NO
6	U52300DL2008PTC185408	JAIVEER TRADE LINKS PRIVATE LIMITED	Director	25-09-2009	10-07-2009	-	Amalgamated	NO
7	U93000DL2009PTC196542	PARSHAVNATH MEDIA PRIVATE LIMITED	Additional director	15-03-2010	15-03-2010	-	Active	NO
8	U27100DL2010PLC203808	ACCIL ISPAT AND POWER LIMITED	Director	08-06-2010	08-06-2010	-	Active	NO
9	U74140DL2008PTC181877	NILE COMMERCIAL CONSULTANTS PRIVATE LIMITED	Additional director	14-07-2010	14-07-2010	-	Amalgamated	NO
10	U74140DL2008PTC181924	U&I CONSULTANTS PRIVATE LIMITED	Additional director	16-07-2010	16-07-2010	-	Amalgamated	NO
11	U17121DL2008PTC181697	FUN VISION FABRIC PRIVATE LIMITED	Additional director	16-07-2010	16-07-2010	-	Amalgamated	NO
12	U65999RJ1991PLC029752	ACCIL Corporation Limited	Additional director	09-08-2010	09-08-2010	-	Active	NO
13	U72300DL2009PTC195777	KARNAK INFOTECH PRIVATE LIMITED	Additional director	10-08-2010	10-08-2010	-	Active	NO
14	U72900DL2009PTC195974	ORCHID INFO SOLUTION PRIVATE LIMITED	Additional director	10-08-2010	10-08-2010	25-08-2011	Active	NO
15	U55101HR2011PLC048720	ACCIL HOTELS & RESORTS LIMITED	Managing director	01-04-2013	01-04-2011	-	Active	NO
16	U65191DL2009PTC195876	ADRENT ASSOCIATES PRIVATE LIMITED	Director	27-09-2011	05-08-2011	-	Active	NO
17	U65923DL2009PTC195788	ORCHID ASSOCIATES PRIVATE LIMITED	Director	27-09-2011	05-08-2011	-	Active	NO
18	U70102DL2009PTC191138	RHONE ASSOCIATES PRIVATE LIMITED	Director	27-09-2011	05-08-2011	-	Active	NO
19	U72300DL2009PTC196040	SAKURA INFO SOLUTION PRIVATE LIMITED	Director	29-09-2011	05-08-2011	-	Active	NO
20	U55101DL2011PLC224155	ACCIL INTERNATIONAL TOURISM LIMITED	Director	25-08-2011	25-08-2011	-	Active	NO
21	U45201DL2005PTC134485	NAYMAL REALTORS PRIVATE LIMITED	Director	27-09-2012	15-10-2011	-	Active	NO
22	U72200DL2005PTC142789	B.N. COMPUTERS PRIVATE LIMITED	Director	30-09-2013	01-12-2011	-	Active	NO
23	U28999DL1975PTC007879	ACCIL STEELS PRIVATE LIMITED	Director	25-09-2012	20-01-2012	-	Active	NO
24	U27100DL2012PTC243396	ACCIL AUTO STEELS PRIVATE LIMITED	Director	09-10-2012	09-10-2012	-	Active	NO
25	U27100DL2012PTC243442	ACCIL STEEL & TUBES PRIVATE LIMITED	Director	10-10-2012	10-10-2012	-	Active	NO
26	U32204DL2008PTC185252	PROACTIVE TELECOMMUNICATIONS PRIVATE LIMITED	Director	11-06-2013	29-04-2013	-	Active	NO
27	U45400DL2008PTC182957	SANCHI INFRATECH PRIVATE LIMITED	Director	11-06-2013	29-04-2013	-	Active	NO
28	U72900DL2008PTC185411	UJVAL NETWORKS PRIVATE LIMITED	Director	11-06-2013	29-04-2013	-	Active	NO
29	U52100DL2007PTC168613	TTJ IMPEX PRIVATE LIMITED	Director	07-09-2013	01-07-2013	-	Active	NO
30	U45400DL2008PTC185539	VATSAL INFRAPROJECTS PRIVATE LIMITED	Director	13-09-2013	01-07-2013	-	Active	NO
31	U45400DL2012PTC237513	WONDER INFRABUILD PRIVATE LIMITED	Director	16-09-2013	01-07-2013	-	Active	NO
32	U74140DL2003PTC120093	BAVIN CONSULTANTS PRIVATE LIMITED	Additional director	08-07-2013	08-07-2013	-	Active	NO
33	U01111DL2008PTC175963	VIABLE AGRO FOOD PRODUCTS PRIVATE LIMITED	Additional director	08-07-2013	08-07-2013	-	Active	NO
34	U45300DL1987PTC027462	SPLENDOR CONSTRUCTIONS PRIVATE LIMTIED	Additional director	26-07-2013	26-07-2013	-	Active	NO
35	U45201DL2006PTC148017	GODDARD BUILDERS AND CONSTRUCTIONS PRIVATE LIMITED	Director	23-09-2013	23-08-2013	-	Active	NO
36	U74140HR2003PLC050424	CLUBSEVEN CONSULTANTS LIMITED	Additional director	02-09-2013	02-09-2013	-	Active	NO

Name :

Mr. Kamlesh Devi Aggarwal

Designation :

Director

Address :

1380, Sector 37, Faridabad-122001, Haryana, India

Date of Birth/Age :

01.07.1948

Date of Appointment :

28.09.2013

PAN No.:

ADRPA7342P

DIN No.:

00013105

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	U52332DL1997PTC085222	ACCIL STEEL PROCESSORS PRIVATE LIMITED	Director	25-09-2003	25-09-2003	-	Active	NO
2	U70109DL2006PTC154880	SHIVIJ INFRASTRUCTURE AND PROJECTS PRIVATE LIMITED	Additional director	18-08-2007	18-08-2007	05-10-2013	Active	NO
3	U45201DL2005PTC134485	NAYMAL REALTORS PRIVATE LIMITED	Additional director	30-03-2009	30-03-2009	05-10-2013	Active	NO
4	U74140DL2008PTC185622	CHIRANJIV COMMERCIAL CONSULTANTS PRIVATE LIMITED	Additional director	10-07-2009	10-07-2009	-	Amalgamated	NO
5	U74120DL2008PTC185348	AAGMAN TECHNO CONSULTANTS PRIVATE LIMITED	Additional director	10-07-2009	10-07-2009	-	Amalgamated	NO
6	U55101DL2003PLC121747	ACCIL HOSPITALITY LIMITED	Director	26-09-2013	30-11-2009	-	Active	NO
7	U70200DL2008PTC185516	LOCUS INFRASTRUCTURE PRIVATE LIMITED	Director	13-06-2013	14-07-2010	-	Active	NO
8	U45400DL2008PTC184950	MAHARAJA INFRATECH PRIVATE LIMITED	Additional director	15-07-2010	15-07-2010	-	Amalgamated	NO
9	U51397DL2008PTC185375	AAGMAN IMPEX PRIVATE LIMITED	Additional director	15-07-2010	15-07-2010	-	Amalgamated	NO
10	U27105DL2005PLC132593	ASIAN COLOUR COATED ISPAT LIMITED	Director	28-09-2013	10-01-2013	-	Active	NO
11	U65999RJ1991PLC029752	ACCIL CORPORATION LIMITED	Director	25-09-2013	10-01-2013	-	Active	NO
12	U28999DL1975PTC007879	ACCIL STEELS PRIVATE LIMITED	Director	24-09-2013	11-01-2013	-	Active	NO
13	U27100DL2010PLC203808	ACCIL ISPAT AND POWER LIMITED	Director	24-09-2013	11-01-2013	-	Active	NO
14	U55101HR2011PLC048720	ACCIL HOTELS AND RESORTS LIMITED	Director	23-09-2013	11-01-2013	-	Active	NO

Name :

Mr. Pradeep Aggarwal

Designation :

Director

Address :

1380, Sector 37, Faridabad-122001, Haryana, India

Date of Birth/Age :

28.10.1970

Date of Appointment :

02.02.2005

PAN No.:

AAGPA9350D

DIN No.:

00013159

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	U74899DL1992PTC050675	AGR STEEL STRIPS PRIVATE LIMITED	Director	10-03-2000	10-03-2000	-	Active	NO
2	U27105DL2005PLC132593	ASIAN COLOUR COATED ISPAT LIMITED	Director	02-02-2005	02-02-2005	-	Active	NO
3	U55101DL2003PLC121747	ACCIL HOSPITALITY LIMITED	Managing director	01-04-2011	01-10-2008	-	Active	NO
4	U45201DL2006PTC146895	EXPERT TOWNSHIP PRIVATE LIMITED	Director	29-09-2009	26-12-2008	-	Active	NO
5	U74140DL2008PTC185366	BHAGIRATH CORPORATE ADVISOR PRIVATE LIMITED	Additional director	10-07-2009	10-07-2009	-	Amalgamated	NO
6	U51909DL2008PTC185426	GIROMANI EXIM PRIVATE LIMITED	Additional director	10-07-2009	10-07-2009	-	Active	NO
7	U93000DL2009PTC196542	PARSHAVNATH MEDIA PRIVATE LIMITED	Additional director	15-03-2010	15-03-2010	-	Active	NO
8	U27100DL2010PLC203808	ACCIL ISPAT AND POWER LIMITED	Director	08-06-2010	08-06-2010	-	Active	NO
9	U01119DL2008PTC185382	OSCAR AGRICULTURE PRIVATE LIMITED	Additional director	15-07-2010	15-07-2010	-	Amalgamated	NO
10	U45400DL2008PTC172770	VIABLE ANALYTICAL TECHNOLOGY PRIVATE LIMITED	Additional director	15-07-2010	15-07-2010	-	Amalgamated	NO
11	U63090DL2008PTC172321	HOME COZINESS TOURS & TRAVELS PRIVATE LIMITED	Additional director	16-07-2010	16-07-2010	-	Amalgamated	NO
12	U65999RJ1991PLC029752	ACCIL Corporation Limited	Managing director	01-04-2011	09-08-2010	-	Active	NO
13	U72300DL2009PTC195777	KARNAK INFOTECH PRIVATE LIMITED	Additional director	10-08-2010	10-08-2010	-	Active	NO
14	U72900DL2009PTC195974	ORCHID INFO SOLUTION PRIVATE LIMITED	Additional director	10-08-2010	10-08-2010	25-08-2011	Active	NO
15	U55101HR2011PLC048720	ACCIL HOTELS & RESORTS LIMITED	Director	01-04-2011	01-04-2011	-	Active	NO
16	U51909DL2009PTC195874	AMY TRADERS PRIVATE LIMITED	Director	27-09-2011	05-08-2011	-	Active	NO
17	U52390DL2009PTC195733	KARNAK TRADERS PRIVATE LIMITED	Director	27-09-2011	05-08-2011	-	Active	NO
18	U72300DL2009PTC196040	SAKURA INFO SOLUTION PRIVATE LIMITED	Director	29-09-2011	05-08-2011	-	Active	NO
19	U51909DL2009PTC195872	TEASEL IMPEX PRIVATE LIMITED	Director	27-09-2011	05-08-2011	-	Active	NO
20	U55101DL2011PLC224155	ACCIL International Tourism Limited.	Director	25-08-2011	25-08-2011	-	Active	NO
21	U45201DL2005PTC134485	NAYMAL REALTORS PRIVATE LIMITED	Director	27-09-2012	15-10-2011	-	Active	NO
22	U28999DL1975PTC007879	ACCIL Steels Private Limited	Director	25-09-2012	20-01-2012	-	Active	NO
23	U27100DL2012PTC243396	ACCIL AUTO STEELS PRIVATE LIMITED	Director	09-10-2012	09-10-2012	-	Active	NO
24	U27100DL2012PTC243442	ACCIL STEEL & TUBES PRIVATE LIMITED	Director	10-10-2012	10-10-2012	-	Active	NO
25	U32204DL2008PTC185252	PROACTIVE TELECOMMUNICATIONS PRIVATE LIMITED	Director	11-06-2013	29-04-2013	-	Active	NO
26	U45400DL2008PTC182957	SANCHI INFRATECH PRIVATE LIMITED	Director	11-06-2013	29-04-2013	-	Active	NO
27	U72900DL2008PTC185411	UJVAL NETWORKS PRIVATE LIMITED	Director	11-06-2013	29-04-2013	-	Active	NO
28	U52100DL2007PTC168613	TTJ IMPEX PRIVATE LIMITED	Director	07-09-2013	01-07-2013	-	Active	NO
29	U45400DL2008PTC185539	VATSAL INFRAPROJECTS PRIVATE LIMITED	Director	13-09-2013	01-07-2013	-	Active	NO
30	U45400DL2012PTC237513	WONDER INFRABUILD PRIVATE LIMITED	Director	16-09-2013	01-07-2013	-	Active	NO
31	U74140DL2003PTC120093	BAVIN CONSULTANTS PRIVATE LIMITED	Additional director	08-07-2013	08-07-2013	-	Active	NO
32	U01111DL2008PTC175963	VIABLE AGRO FOOD PRODUCTS PRIVATE LIMITED	Additional director	08-07-2013	08-07-2013	-	Active	NO
33	U45300DL1987PTC027462	SPLENDOR CONSTRUCTIONS PRIVATE LIMTIED	Additional director	26-07-2013	26-07-2013	-	Active	NO
34	U45201DL2006PTC148017	Goddard Builders & Constructions Private limited	Director	23-09-2013	23-08-2013	-	Active	NO
35	U72200DL2005PTC142789	B.N. Computers Private Limited	Director	30-09-2013	26-08-2013	-	Active	NO
36	U74140HR2003PLC050424	CLUBSEVEN CONSULTANTS LIMITED	Additional director	02-09-2013	02-09-2013	-	Active	NO

KEY EXECUTIVE

Name :	Mr. Ramesh
Designation :	Assistant Manager Finance Department

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 28.09.2013

NOTE: SHAREHOLDING DETAILS FILE ATTACHED

Allotee as on 17.02.2014

Names of Allottee

No. of Shares Allotted

Ultimate Investofin Limited, India

2242000

Total

2242000

Equity Share Break up (Percentage of Total Equity)

As on 28.09.2013

Category	Percentage of Holding
Bodies corporate	89.84
Directors or relatives of Directors	10.15
Other top fifty shareholders	0.01
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Galvanised and Pre-Painted Steel Products, Cold rollers, cold roller.

Products :

Item Code No.	Products Description
72099000	C R Strips
72104900	Galvanised
72107000	Colour Coated
72089000	HR Slit
72041000	Scraps

· Cold Rolled Coils/ Sheets (Full Hard)

· Galvanised Plain Coils/ Sheets

· Galvanised Corrugated Sheets

· Colour Coated Coils/ Sheets

Exports :

Products :

Finished Goods

Countries :

· Arabian Country

· Singapore

· Korea

· Japan

Imports :

Products :

Raw Material

Countries :

· USA

· Singapore

Terms :

Selling :

Cash and Cheque

Purchasing :

Cash and Cheque

GENERAL INFORMATION

Suppliers;

Customer:

Retailers

No. of Employees :

1200 (Approximately)

Bankers :

· State Bank of Hyderabad, Commercial Branch, 74, Janpath , New Delhi - 110001, India

Facilities :

SECURED LOAN	31.03.2013 (Rs. in Millions)	31.03.2012 (Rs. in Millions)
LONG-TERM BORROWINGS
Rupee term loans from banks	6925.639	5828.166
Loans taken for vehicles	38.683	29.427

SHORT-TERM BORROWINGS
Working capital loans from banks	15508.543	7369.358
Total	22472.865	13226.951


Banking Relations :	--

Auditors :
Name :	Anil Saransh and Company Chartered Accountant
Address :	FF-46, Narayan Place, Mangal Bazar Road, Laxmi Nagar, Delhi-110092, India
PAN N Income-tax PAN of auditor or auditor's firm :	AANPM8727B

Associates :	· ACCIL Hotels and Resorts Limited, India CIN No.: U55101HR2011PLC048720 · AGR Steel Strips Private Limited, India CIN No.: U74899DL1992PTC050675 · Ultimate Slitters Private Limited, India CIN No.: U52332DL1997PTC085222 · ACCIL International Tourism Limited, India CIN No.: U55101DL2011PLC224155 · Asian Ispat FZ -LLC

Proprietor Firm of one of the relative of the director:	Metal Trading Company

CAPITAL STRUCTURE

After 28.09.2013

Authorised Capital : Rs. 12500.000 Millions

Issued, Subscribed & Paid-up Capital : Rs. 8807.763 Millions

As on 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount

75000000	Equity Shares	Rs.10/- each	Rs.750.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

73125743	Equity Shares	Rs.10/- each	Rs.731.257 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	731.257	435.404	401.205
(b) Reserves & Surplus	9199.684	6984.500	4866.011
(c) Money received against share warrants	0.000	0.000	0.000

(2) Share Application money pending allotment	144.600	307.005	348.620
Total Shareholders’ Funds (1) + (2)	10075.541	7726.909	5615.836

(3) Non-Current Liabilities
(a) long-term borrowings	7304.322	6197.593	3005.276
(b) Deferred tax liabilities (Net)	323.486	56.226	65.086
(c) Other long term liabilities	25.411	96.031	1.832
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	7653.219	6349.850	3072.194

(4) Current Liabilities
(a) Short term borrowings	15508.543	7369.358	5561.611
(b) Trade payables	141.711	228.812	166.213
(c) Other current liabilities	1817.659	463.848	343.608
(d) Short-term provisions	0.000	0.000	0.000
Total Current Liabilities (4)	17467.913	8062.018	6071.432

TOTAL	35196.673	22138.777	14759.462

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	9970.870	1967.919	1365.161
(ii) Intangible Assets	0.000	0.000	5202.168
(iii) Capital work-in-progress	4213.933	9362.632	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	61.464	61.464	46.841
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	24.846	24.964	12.202
(e) Other Non-current assets	0.187	0.234	0.280
Total Non-Current Assets	14271.300	11417.213	6626.652

(2) Current assets
(a) Current investments	2.983	3.274	4.200
(b) Inventories	8805.801	4756.405	3101.694
(c) Trade receivables	10567.164	5355.019	4380.455
(d) Cash and cash equivalents	688.389	420.226	408.435
(e) Short-term loans and advances	746.319	158.234	202.072
(f) Other current assets	114.717	28.406	35.954
Total Current Assets	20925.373	10721.564	8132.810

TOTAL	35196.673	22138.777	14759.462

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	30435.541	17422.588	16137.829
		Other Income	148.212	37.648	25.495
	TOTAL (A)		30583.753	17460.236	16163.324

Less	EXPENSES
		Cost of Materials Consumed	28049.784	14781.093	13330.442
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(2153.655)	(630.461)	(115.820)
		Employees benefits expense	78.965	60.071	46.256
		Other expenses	1068.566	784.525	573.585
		Exceptional items	0.750	0.031	0.000
	TOTAL (B)		27044.410	14995.259	13834.463

Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)		3539.343	2464.977	2328.861

Less	FINANCIAL EXPENSES (D)		907.506	525.105	624.836

	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		2631.837	1939.872	1704.025

Less/ Add	DEPRECIATION/ AMORTISATION (F)		446.857	217.955	184.246

	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)		2184.980	1721.917	1519.779

Less	TAX (I)		709.431	556.742	517.408

	PROFIT/ (LOSS) AFTER TAX (G-I) (J)		1475.549	1165.175	1002.371

	Earnings / (Loss) Per Share (Rs.)		20.18	27.00	25.00

Particulars	31.03.2014

Sales Turnover (Approximately)	53550.000

The above information has been parted by Mr. Ramesh (Assistant Manager Finance Department).

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	4.85	6.69	6.21

Net Profit Margin (PBT/Sales)	(%)	11.63	14.15	14.43

Return on Total Assets (PBT/Total Assets}	(%)	7.07	13.54	10.33

Return on Investment (ROI) (PBT/Networth)		0.22	0.22	0.27

Debt Equity Ratio (Total Debt /Networth)		2.26	1.76	1.53

Current Ratio (Current Asset/Current Liability)		1.20	1.33	1.34

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	401.205	435.404	731.257
Reserves & Surplus	4866.011	6984.500	9199.684
Share Application money pending allotment	348.620	307.005	144.600
Net worth	5615.836	7726.909	10075.541

long-term borrowings	3005.276	6197.593	7304.322
Short term borrowings	5561.611	7369.358	15508.543
Total borrowings	8566.887	13566.951	22812.865
Debt/Equity ratio	1.525	1.756	2.264

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	16137.829	17422.588	30435.541
		7.961	74.690

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	16137.829	17422.588	30435.541
Profit	1002.371	1165.175	1475.549
	6.21%	6.69%	4.85%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last four 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	Yes
20]	Export / Import details (if applicable)	Yes
21]	Market information	--
22]	Litigations that the firm / promoter involved in	--
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	--
26]	Buyer visit details	--
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10529389	25/09/2014	1,050,000,000.00	KARNATAKA BANK LTD.	COMMERCIAL BRANCH, SCO 21, SECTOR-14, GURGAON, HARYANA - 122001, INDIA	C32434904
2	10468014	03/12/2013	24,200,000,000.00	BANK OF BARODA (SECURITY TRUSTEE)	CFS BRANCH, 1ST FLOOR, BOB BUILDING,, 16, PARLIAM ENT STREET, NEW DELHI, DELHI - 110001, INDIA	B92657790
3	10456432	05/09/2013	2,000,000,000.00		PRIME CORPORATE BRANCH - II, CONNAUGHT PLACE, 2ND FLOOR, WORLD TRADE TOWER, BARAKHAMBA ROAD, NEW DELHI, DELHI - 110001, INDIA	B88105085
4	10437782	27/06/2013	3,080,000,000.00	IL & FS TRUST COMPANY LIMITED	IL & FS FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRA, KURLA COMPLEX BANDRA EAST, MUMBAI, MAHARASHTRA - 400051, INDIA	B80024946
5	10386111	03/12/2013 *	24,200,000,000.00	STATE BANK OF MYSORE	3,4 & 5, DDA BUILDING, NEHRU PLACE, NEW DELHI, DELHI - 110001, INDIA	B92356443
6	10372110	05/12/2013 *	24,200,000,000.00	STATE BANK OF PATIALA (LEAD BANK)	COMMERCIAL BRANCH,, CHANDRALOK BUILDING, 36, JANPATH, NEW DELHI, DELHI - 110001, INDIA	B92515477
7	10370531	09/11/2012 *	1,385,000,000.00	BANK OF BARODA	CORPORATE FINANCIAL SERVICES (LARGE CORPORATE) BR., BOB BUILDING, GROUND FLOOR, 16, SANSAD MARG, NEW DELHI, DELHI - 110001, INDIA	B65028953
8	10344146	28/03/2012	767,289,000.00	IDBI BANK LIMITED	DIFC CORPORATE BANKING BRANCH, P.O. BOX NO. 5068 05, LEVEL-3, GATE VILLAGE-5, DUBAI, - 3371500, UNITED ARAB EMIRATES	B35783166
9	10339743	01/03/2012	2,390,000,000.00	STATE BANK OF INDIA	JAWAHAR VYAPAR BHAWAN, 11TH & 12TH FLOOR, 1, TOLS TOY MARG, NEW DELHI, DELHI - 110001, INDIA	B33939307
10	10339512	07/02/2012	4,794,500.00	ICICI BANK LIMITED	LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJ ARAT - 390015, INDIA	B33838004
11	10331396	07/11/2014 *	1,555,000,000.00	STATE BANK OF MYSORE	F- 6, UPPER GROUND FLOOR, EAST OF KAILASH, LALA LAJPAT RAI MARG, NEW DELHI, DELHI - 110065, INDIA	C32294217
12	10436249	19/10/2011	3,000,000,000.00	CORPORATION BANK INDUSTRIAL FINANCE BRANCH	H.T. BUILDING, 10TH FLOOR, 18/20, K.G. MARG, CONNAUGHT PLACE, DELHI - 110001, INDIA	B73680365
13	10306876	19/08/2011	2,208,000,000.00	BANK OF BARODA	DEIRA BRANCH, PO BOX 5107, KUWAIT BUILDING, PLOT NO 45, , BAINIYAS ROAD, DUBAI UAE, DUBAI, - 000971, UNITED ARAB EMIRATES	B20817722
14	10281668	20/12/2011 *	3,380,000,000.00	STATE BANK OF MYSORE (AS SECURITY TRUSTEE)	3,4 & 5, DDA BUILDING,, NEHRU PLACE, NEW DELHI, DELHI - 110001, INDIA	B30631246
15	10262446	21/12/2010	810,000,000.00	AXIS BANK	AL-FATTAN CURRENCY HOUSE BUILDING, DFIC, DUBAI, - 506593, UNITED ARAB EMIRATES	B03303435
16	10218397	29/09/2010 *	4,530,000,000.00	BANK OF BARODA	CORPORATE FINANCIAL SERVICES ( LARGE CORPORATE) BR, BANK OF BARODA BUILDING, 16, SANSAD MARG, NEW DELHI, DELHI - 110001, INDIA	A97273551
17	10207646	07/04/2011 *	5,850,000,000.00	STATE BANK OF PATIALA (LEAD BANK)	COMMERCIAL BRANCH, CHANDRALOK BUILDING, 36, JANPATH, NEW DELHI, DELHI - 110001, INDIA	B12498150
18	10248682	20/11/2009	969,750,000.00	BANK OF BARODA	DEIRA BRANCH, PO BOX 5107, KUWAIT BUILDING, PLOT NO 45, , BAINIYAS ROAD, DUBAI UAE, DUBAI, - 000971, UNITED ARAB EMIRATES	A97494439
19	10162302	15/03/2011 *	5,850,000,000.00	STATE BANK OF MYSORE	3,4 & 5, DDA BUILDING, NEHRU PLACE, NEW DELHI, DELHI - 110001, INDIA	B11073590
20	10108113	28/03/2008	65,000,000.00	INDIAN OVERSEAS BANK	TOLSTOY MARG, NEW DELHI, DELHI - 110001, INDIA	A40055097
21	10086337	14/01/2008	150,000,000.00	STATE BANK OF INDORE	M-47, CONNUGHT CIRCUS, NEW DELHI, DELHI - 110001, INDIA	A31510621
22	10081403	13/12/2007	899,700,000.00	STATE BANK OF PATIALA	COMMERCIAL BUILDING, CHANDRALOK BUILDING, JANPATH, NEW DELHI, DELHI - 110001, INDIA	A29522612
23	10010633	11/10/2006 *	899,700,000.00	STATE BANK OF MYSORE	3 4 & 5, DDA BUILDING, NEHRU PLACE, NEW DELHI, DELHI - 110019, INDIA	A01174416

* Date of charge modification

UNSECURED LOAN

Particulars	31.03.2013 (Rs. in Millions)	31.03.2012 (Rs. in Millions)
Long-term Borrowings
Loans and advances from directors	340.000	340.000
Total	340.000	340.000

FINANCIAL RESULTS

During the year, the working results of the company shows sales and other income of Rs. 30583.753 Millions and profit after tax during the period is 1475.549 Millions.

FIXED ASSETS

Tangible Assets

· Land

· Buildings

· Plant and Equipment

· Furniture and Fixtures

· Vehicles

· Office Equipment

· 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.61.56
UK Pound	1	Rs.97.10
Euro	1	Rs.76.61

INFORMATION DETAILS

Information Gathered by :	NYA

Analysis Done by :	RAS

Report Prepared by :	MRI

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	6
--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	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		49

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.

MIRA INFORM REPORT

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