MIRA INFORM REPORT

Report Date :

20.11.2014

IDENTIFICATION DETAILS

Name :	DILIP BUILDCON LIMITED (w.e.f. 26.08.2010)
Formerly Known As :	DILIP BUILDCON PRIVATE LIMITED
Registered Office :	Plot No. 1, Inside Govind Narayan Singh Gate, Chuna Bhatti, Kolar Road, Bhopal – 462016, Madhya Pradesh
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	12.06.2006
Com. Reg. No.:	10-018689
Capital Investment / Paid-up Capital :	Rs.592.381 Millions
CIN No.: [Company Identification No.]	U45201MP2006PLC018689
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	Not Available
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Real Estate Builders and developers.
No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

Ba (51)

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

Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is an established company having fine track. Financial position of the company seems to be sound. Trade relations are fair. Business is active. Payment terms are reported to be regular and as per commitments. The company can be considered normal for business dealings at usual trade 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	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

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

Rating Agency Name	CARE
Rating	Long term facilities : A-
Rating Explanation	Have adequate degree of safety and carry low credit risk.
Date	10.07.2014

Rating Agency Name	CARE
Rating	Short term facilities : A2+
Rating Explanation	Have strong degree of safety and carry low credit risk.
Date	10.07.2014

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 31-03-2014.

INFORMATION DECLINED BY

Name :	Mr. Umar
Designation :	Office Executive
Contact No.:	91-755-4029997
Date :	19.11.2014

LOCATIONS

Registered Office :	Plot No. 1, Inside Govind Narayan Singh Gate, Chuna Bhatti, Kolar Road, Bhopal – 462016, Madhya Pradesh
Tel. No.:	91-755-4029997
Fax No.:	Not Available
E-Mail :	db@dilipbuildcon.co.in dilipbuildconews@yahoo.com

DIRECTORS

As on 10.09.2013

Name :

Mr. Dilip Suryavanshi

Designation :

Managing Director

Address :

E-5/90 Arera Colony, Bhopal, Madhya Pradesh, India

Date of Birth/Age :

12.10.1956

Date of Appointment :

26.08.2010

DIN No.:

00039944

PAN No.:

ANRPS2215H

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	U85195MP2006PTC018330	SHIVAM MEDICAL & RESEARCH INSTITUTE PRIVATE LIMITED	Director	01-07-11	25-01-06	25-08-11	Active	NO
2	U45201MP2006PLC018689	DILIP BUILDCON LIMITED	Managing director	26-08-10	12-06-06	-	Active	NO
3	U92490MP2006PTC019134	DILIP MASS COMMUNICATION PRIVATE LIMITED	Director	01-07-11	18-12-06	04-10-13	Active	NO
4	U45203MP2007PTC019459	SURYAVANSHI INFRASTRUCTURE PRIVATE LIMITED	Managing director	22-09-07	19-04-07	-	Active	NO
5	U13100MP2006PTC018743	KYMORE IRON ORE PVT LTD	Director	04-05-10	04-05-10	-	Active	NO
6	U62200MP2010PTC023673	HIGH FLY AIRLINES PRIVATE LIMITED	Director	31-05-10	31-05-10	-	Active	NO
7	U14200MP2010PTC024166	SURYAVANSHI MINERALS PRIVATE LIMITED	Director	19-08-10	19-08-10	-	Active	NO
8	U55101MP2010PTC023903	WINNER HOTELS PRIVATE LIMITED	Director	30-10-10	30-10-10	28-03-14	Active	NO
9	U45200MP2011PLC026188	DBL NADIAD MODASA TOLLWAYS LIMITED	Director	18-06-11	15-06-11	-	Active	NO
10	U45200MP2011PLC026234	DBL SARDARPUR BADNAWAR TOLLWAYS LIMITED	Director	22-06-11	22-06-11	-	Active	NO
11	U45200MP2011PLC026586	DBL SILWANI-SULTANGANJ TOLLWAYS LIMITED	Director	17-08-11	17-08-11	-	Active	NO
12	U45300MP2011PLC027193	DBL MUNDI-SANAWAD TOLLWAYS LIMITED	Director	28-11-11	28-11-11	-	Active	NO
13	U45200MP2011PLC027212	DBL SITAMAU-SUWASARA TOLLWAYS LIMITED	Director	29-11-11	29-11-11	-	Active	NO
14	U22300MP2012PTC028277	DNN MEDIA COMMUNICATION PRIVATE LIMITED	Director	25-04-12	25-04-12	-	Active	NO
15	U45200MP2012PLC029098	DBL UCHERA - NAGOD TOLLWAYS LIMITED	Director	29-08-12	29-08-12	-	Active	NO
16	U45200MP2012PLC029593	DBL JAORA-SAILANA TOLLWAYS LIMITED	Director	29-11-12	29-11-12	-	Active	NO
17	U45200MP2012PLC029819	DBL BANKHLAFATA-DOGAWA TOLLWAYS LIMITED	Director	31-12-12	31-12-12	-	Active	NO
18	U45200MP2013PLC030153	DBL ASHOKNAGAR-VIDISHA TOLLWAYS LIMITED	Director	27-02-13	27-02-13	-	Active	NO
19	U45200MP2013PLC030636	DBL BETUL-SARNI TOLLWAYS LIMITED	Director	02-05-13	02-05-13	-	Active	NO
20	U45200MP2013PLC031732	DBL TIKAMGARH-NOWGAON TOLLWAYS LIMITED	Director	07-11-13	07-11-13	-	Active	NO

Name :

Mrs. Seema Suryavanshi

Designation :

Whole-time director

Address :

E-5/90 Arera Colony, Bhopal, Madhya Pradesh, India

Date of Birth/Age :

07.11.1961

Date of Appointment :

26.08.2010

DIN No.:

00039946

PAN No.:

ANQPS9773H

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	U85195MP2006PTC018330	SHIVAM MEDICAL & RESEARCH INSTITUTE PRIVATE LIMITED	Director	25-01-06	25-01-06	25-08-11	Active	NO
2	U45201MP2006PLC018689	DILIP BUILDCON LIMITED	Whole-time director	26-08-10	12-06-06	-	Active	NO
3	U92490MP2006PTC019134	DILIP MASS COMMUNICATION PRIVATE LIMITED	Director	18-12-06	18-12-06	04-10-13	Active	NO
4	U45203MP2007PTC019459	SURYAVANSHI INFRASTRUCTURE PRIVATE LIMITED	Director	19-04-07	19-04-07	-	Active	NO
5	U13100MP2006PTC018743	KYMORE IRON ORE PVT LTD	Director	04-05-10	04-05-10	-	Active	NO
6	U62200MP2010PTC023673	HIGH FLY AIRLINES PRIVATE LIMITED	Director	31-05-10	31-05-10	-	Active	NO
7	U14200MP2010PTC024166	SURYAVANSHI MINERALS PRIVATE LIMITED	Director	19-08-10	19-08-10	-	Active	NO
8	U55101MP2010PTC023903	WINNER HOTELS PRIVATE LIMITED	Director	30-10-10	30-10-10	28-03-14	Active	NO
9	U45200MP2011PLC026188	DBL NADIAD MODASA TOLLWAYS LIMITED	Director	15-06-11	15-06-11	-	Active	NO
10	U45200MP2011PLC026234	DBL SARDARPUR BADNAWAR TOLLWAYS LIMITED	Director	22-06-11	22-06-11	-	Active	NO
11	U45200MP2011PLC026586	DBL SILWANI-SULTANGANJ TOLLWAYS LIMITED	Director	17-08-11	17-08-11	-	Active	NO
12	U45300MP2011PLC027193	DBL MUNDI-SANAWAD TOLLWAYS LIMITED	Director	28-11-11	28-11-11	-	Active	NO
13	U45200MP2011PLC027212	DBL SITAMAU-SUWASARA TOLLWAYS LIMITED	Director	29-11-11	29-11-11	-	Active	NO
14	U22300MP2012PTC028277	DNN MEDIA COMMUNICATION PRIVATE LIMITED	Director	25-04-12	25-04-12	-	Active	NO
15	U45200MP2012PLC029098	DBL UCHERA - NAGOD TOLLWAYS LIMITED	Director	29-08-12	29-08-12	-	Active	NO
16	U45200MP2012PLC029593	DBL JAORA-SAILANA TOLLWAYS LIMITED	Director	29-11-12	29-11-12	-	Active	NO
17	U45200MP2012PLC029819	DBL BANKHLAFATA-DOGAWA TOLLWAYS LIMITED	Director	31-12-12	31-12-12	-	Active	NO
18	U45200MP2013PLC030153	DBL ASHOKNGAR-VIDISHA TOLLWAYS LIMITED	Director	27-02-13	27-02-13	-	Active	NO
19	U45200MP2013PLC030636	DBL BETUL-SARNI TOLLWAYS LIMITED	Director	02-05-13	02-05-13	-	Active	NO
20	U45200MP2013PLC031732	DBL TIKAMGARH-NOWGAON TOLLWAYS LIMITED	Director	07-11-13	07-11-13	-	Active	NO

Name :

Mr. Devendra Jain

Designation :

Whole Time Director

Address :

E-5/99 Arera Colony, Bhopal, Madhya Pradesh, India

Date of Birth/Age :

03.07.1973

Date of Appointment :

26.08.2010

DIN No.:

02374610

PAN No.:

ADSPJ6795Q

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	U85110RJ1993PTC007785	FRIENDLY BABY HOSPITAL NAD RESEARCH INSTITUTE PRIVATE LIMITED	Director	11-09-00	11-09-00	-	Active In Progress	NO
2	U45203MP2007PTC019459	SURYAVANSHI INFRASTRUCTURE PRIVATE LIMITED	Director	19-04-07	19-04-07	-	Active	NO
3	U45201MP2006PLC018689	DILIP BUILDCON LIMITED	Whole-time director	26-08-10	01-04-09	-	Active	NO
4	U45200MH2007PTC168167	VASUDHA INFRASTRUCTURE DEVELOPERS AND BUILDERS PRIVATE LIMITED	Director	05-10-09	05-10-09	15-02-12	Active	NO
5	U45200MH2007PTC168263	SRAJAN INFRASTRUCTURE DEVELOPERS AND BUILDERS PRIVATE LIMITED	Director	05-10-09	05-10-09	15-02-12	Active	NO
6	U55101MP2010PTC023903	WINNER HOTELS PRIVATE LIMITED	Director	06-07-10	06-07-10	28-03-14	Active	NO
7	U45200MP2011PLC026188	DBL NADIAD MODASA TOLLWAYS LIMITED	Director	15-06-11	15-06-11	-	Active	NO
8	U45200MP2011PLC026234	DBL SARDARPUR BADNAWAR TOLLWAYS LIMITED	Director	22-06-11	22-06-11	-	Active	NO
9	U45200MP2011PLC026586	DBL SILWANI-SULTANGANJ TOLLWAYS LIMITED	Director	17-08-11	17-08-11	-	Active	NO
10	U45300MP2011PLC027193	DBL MUNDI-SANAWAD TOLLWAYS LIMITED	Director	28-11-11	28-11-11	-	Active	NO
11	U45200MP2011PLC027212	DBL SITAMAU-SUWASARA TOLLWAYS LIMITED	Director	29-11-11	29-11-11	-	Active	NO
12	U45200MP2012PLC029098	DBL UCHERA - NAGOD TOLLWAYS LIMITED	Director	29-08-12	29-08-12	-	Active	NO
13	U45200MP2012PLC029593	DBL JAORA-SAILANA TOLLWAYS LIMITED	Director	29-11-12	29-11-12	-	Active	NO
14	U45200MP2012PLC029819	DBL BANKHLAFATA-DOGAWA TOLLWAYS LIMITED	Director	31-12-12	31-12-12	-	Active	NO
15	U45200MP2013PLC030153	DBL ASHOKNAGAR-VIDISHA TOLLWAYS LIMITED	Director	27-02-13	27-02-13	-	Active	NO
16	U45200MP2013PLC030636	DBL BETUL-SARNI TOLLWAYS LIMITED	Director	02-05-13	02-05-13	-	Active	NO
17	U45200MP2013PLC031732	DBL TIKAMGARH-NOWGAON TOLLWAYS LIMITED	Director	07-11-13	07-11-13	-	Active	NO

Name :

Mr. Sanjay Mehta

Designation :

Director

Address :

47, Manishpuri Colony, Near Saket Kolar Road, Bhopal – 462016, Madhya Pradesh, India

Date of Birth/Age :

03.02.1966

Date of Appointment :

15.07.2011

DIN No.:

00007582

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
1	U74140MP2002PTC015276	PYRAMID CONSULTANTS AND SERVICES PRIVATE LIMITED	Director	22-10-10	13-09-02	15-07-11	Active
2	L24239MH1988PLC047759	SYNCOM FORMULATIONS (INDIA) LIMITED	Director	31-07-04	31-07-04	12-07-12	Active
3	L45201GJ1994PLC023920	WELSPUN PROJECTS LIMITED	Director	15-03-05	15-03-05	14-08-10	Active
4	U45201MP2006PLC018689	DILIP BUILDCON LIMITED	Director	30-09-11	15-07-11	31-10-12	Active
5	U40104RJ2000PLC016253	CHETAK ENTERPRISES LIMITED	Additional director	12-05-12	12-05-12	25-06-12	Active

Name :

Mr. Aditya Vijay Singh

Designation :

Director

Address :

59, Amrapali Enclave Chuna Bhatti, Kolar Road, Bhopal – 462016, Madhya Pradesh, India

Date of Birth/Age :

23.10.1944

Date of Appointment :

30.09.2011

DIN No.:

03585519

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	U45201MP2006PLC018689	DILIP BUILDCON LIMITED	Director	30-09-11	15-07-11	-	Active	NO

Name :

Mr. Naval Jawaharlal Totla

Designation :

Nominee director

Address :

201. Sablok, 226, Sher-E-Punjab, Andheri (East), Mumbai , Maharashtra, India

Date of Birth/Age :

15.05.1972

Date of Appointment :

10.09.2012

DIN No.:

02408585

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	U67120MH1993PTC074882	WELLKNOWN BUSINESS VENTURES PRIVATE LIMITED	Nominee director	03-12-08	03-12-08	-	Converted to LLP and dissolved	NO
2	U02899MP1991PLC006262	GEI POWER LIMITED	Nominee director	28-04-10	28-04-10	22-03-12	Active	NO
3	U65923RJ1994PTC009051	ESS KAY AUTO FINANCE PRIVATE LIMITED	Nominee director	05-03-12	05-03-12	20-05-14	Active	NO
4	U45201MP2006PLC018689	DILIP BUILDCON LIMITED	Nominee director	10-09-12	31-03-12	-	Active	NO
5	U25209MH1999PLC119427	AXIOM CORDAGES LIMITED	Nominee director	10-01-13	10-01-13	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Sambedna Jain
Designation :	Secretary
Address :	Purwal Bhawan Near Railway, Station Vidisha, Madhya Pradesh, India
Date of Birth/Age :	10.08.1983
Date of Appointment :	07.04.2011
PAN No.:	AOGPJ4171B

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 10.09.2013

Names of Shareholders (Equity Shares)	No. of Shares
Dilip Suryavanshi	18851617
Seema Suryavanshi	3968100
Dilip Mass Communication Private Limited, India	75000
Shivam Medical and Research Institute Private Limited, India	1
Dilip Suryavanshi HUF	1
Karan Suryavanshi	10001
Devendra Jain	12333312
Banyan Tree Growth Capital, LLC	100
Total	35238132

Names of Shareholders (Preference Shares)	No. of Shares
Banyan Tree Growth Capital, LLC	2400
Total	2400

Equity Share Break up (Percentage of Total Equity)

As on 10.09.2013

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	0.01
Bodies corporate	0.21
Directors or relatives of Directors	99.78
Total	100.00

BUSINESS DETAILS

Line of Business :	Real Estate Builders and developers.
Brand Names :	Not Divulged
Agencies Held :	Not Divulged
Exports :	Not Divulged
Imports :	Not Divulged
Terms :	Not Divulged

GENERAL INFORMATION

Suppliers :

Reference :	Not Divulged
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

Customers :

· Madhya Pradesh Public Work Department

· National Highways Authority India, New Delhi

· Road and Building Department, Ahmadabad, Gujarat

· Water Resources Department (M.P.)

· Narmada Hydroelectric Development Corporation Limited (M.P.)

· Valecha Engineering Limited, Mumbai

· Suryavanshi Infrastructure Private Limited

· Pan India Infrastructures Private Limited, Mumbai

· M/s Essel Infra projects Limited, Mumbai

· PNC Infratech Limited, Agra

· Top worth Infra Private Limited, Mumbai

· Montercarlo Construction Limited, Ahmadabad

· Ashoka Buildcon Limited, Nasik, Maharashtra

No. of Employees :

Information declined by the management

Bankers :

· ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri, Baroda - 390015,Gujarat, India

· Punjab National Bank, Shahpura Branch, Shahpura, Bhopal - 462016, Madhya Pradesh, India

Facilities :

Secured Loan	31.03.2013 (Rs. in Millions	31.03.2012 (Rs. in Millions)
Long-term Borrowings
Term loans from others	2537.245	2759.787
Rupee term loans from banks	603.816	1186.393
Working capital loans from banks	165.817	202.266
Long-term maturities of finance lease obligations	(1630.89)	(1832.916)
Short-term borrowings
Working capital loans from banks	4261.073	1524.263
Rupee term loans from banks	302.858	0.000
Loans repayable on demand from banks	9.557	9.019
Total	6249.476	3848.812

Banking Relations :
Finance Institute:	· L and T Finance Limited, L and T House, Ballard Estate,, Mumbai - 400001, Maharashtra, India · Mahindra and Mahindra Financial Services Limited, Gateway Building, Appollo Bunder, Mumbai - 400021, Maharashtra, India · SREI Equipment Finance Limited, 'Vishwakarma', 86c, Topsia Road, Kolkata - 700046, West Bengal, India · Tata Capital Limited, One Forbes, Dr V B Gandhi Marg, Fort, Mumbai - 400001, Maharashtra, India
Auditors :
Name 1:	Naresh Rajani and Company Chartered Accountants
Address :	Mig-1/5, Amber ComplexZone-Ii, M.P. Nagar
PAN N Income-tax PAN of auditor or auditor's firm :	AAVPR8565J
Name 2 :	Mukund M. Chitale and Company Chartered Accountants
Address :	204 - 205 , Agrawal Shyamkamal A, Vile Parle East, Mumbai-400057, Maharashtra, India
PAN N Income-tax PAN of auditor or auditor's firm :	AAAFM2030L
Memberships :	Not Available
Collaborators :	Not Available
Subsidiary company:	· DBL Nadiad Modasa Tollways Limited, India [U45200MP2011PLC026188] · DBL Sardarpur Badnawar Tollways Limited, India [U45200MP2011PLC026234] · DBL Silwani-Sultanganj Tollways Limited, India [U45200MP2011PLC026586] · DBL Mundi-Sanawad Tollways Limited, India [U45300MP2011PLC027193] · DBL Sitamau-Suwasara Tollways Limited, India [U45200MP2011PLC027212] · Suryavanshi Infrastructure Private Limited, India [U45203MP2007PTC019459] · DBL Ashoknagar-Vidisha Tollways Limited, India [U45200MP2013PLC030153] · DBL Bankhlafata-Dogawa Tollways Limited, India [U45200MP2012PLC029819] · DBL Jaora-Sailana Tollways Limited, India [U45200MP2012PLC029593] · DBL Uchera – Nagod Tollways Limited, India [U45200MP2012PLC029098] · DNN Media Communication Private Limited, India [U22300MP2012PTC028277]
Associate:	· Shivam Medical and Research Institute Private Limited, India [U85195MP2006PTC018330] · DILI P MAS S Communication Private Limited, India [U92490MP2006PTC019134] · Kymore Iron Ore Private Limited, India [U13100MP2006PTC018743]

CAPITAL STRUCTURE

As on 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
36000000	Equity Shares	Rs.10/- each	Rs. 360.000 Millions
2400	Preference Shares	Rs.100000/- each	Rs. 240.000 Millions
	Total		Rs. 600.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
35238132	Equity Shares	Rs.10/- each	Rs. 352.381 Millions
2400	Preference Shares	Rs.100000/- each	Rs. 240.000 Millions
	Total		Rs. 592.381 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	592.381	592.381	352.380
(b) Reserves & Surplus	4327.870	2309.390	706.844
(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)	4920.251	2901.771	1059.224
(3) Non-Current Liabilities
(a) long-term borrowings	1682.248	2361.350	621.588
(b) Deferred tax liabilities (Net)	135.664	88.948	36.546
(c) Other long term liabilities	1331.404	729.000	646.265
(d) long-term provisions	44.162	12.119	0.000
Total Non-current Liabilities (3)	3193.478	3191.417	1304.399
(4) Current Liabilities
(a) Short term borrowings	4573.488	1533.282	661.610
(b) Trade payables	2492.630	652.866	218.285
(c) Other current liabilities	3765.440	4785.622	1889.660
(d) Short-term provisions	796.797	178.628	56.627
Total Current Liabilities (4)	11628.355	7150.398	2826.182
TOTAL	19742.084	13243.586	5189.805
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	5463.936	5193.779	2212.897
(ii) Intangible Assets	11.054	3.652	0.000
(iii) Capital work-in-progress	1.186	2.846	1.201
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	951.780	586.630	0.000
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	834.594	679.125	64.730
(e) Other Non-current assets	325.591	471.495	0.000
Total Non-Current Assets	7588.141	6937.527	2278.828
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	3628.068	1972.061	643.906
(c) Trade receivables	6707.139	2745.973	1238.809
(d) Cash and cash equivalents	521.352	927.967	466.914
(e) Short-term loans and advances	1297.384	659.808	469.719
(f) Other current assets	0.000	0.250	91.629
Total Current Assets	12153.943	6306.059	2910.977
TOTAL	19742.084	13243.586	5189.805

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2013	31.03.2012	31.03.2011
	SALES
	Income	19106.613	11872.018	4342.949
	Other Income	158.665	26.198	21.501
	TOTAL (A)	19265.278	11898.216	4364.450
Less	EXPENSES
	Cost of Materials Consumed	13554.479	8979.206	3941.428
	Changes in inventories of finished goods, work-in-progress and	0.000	0.000	(633.383)
	stock-in-trade	202.376	93.318	14.160
	Other expenses	631.574	188.873	120.357
	Prior period items	39.091	0.000	0.000
	TOTAL (B)	14427.520	9261.397	3442.562
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	4837.758	2636.819	921.888
Less	FINANCIAL EXPENSES (D)	1068.635	493.777	158.059
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	3769.123	2143.042	763.829
Less/ Add	DEPRECIATION/ AMORTISATION (F)	709.220	505.050	214.468
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	3059.903	1637.992	549.361
Less	TAX (I)	1030.108	535.183	182.484
	PROFIT/ (LOSS) AFTER TAX (G-I) (J)	2029.795	1102.809	366.877
	Earnings / (Loss) Per Share (Rs.)
	Basic	57.58	31.30	10.41
	Diluted	52.71	28.64	10.41

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
Net Profit Margin PAT/ Sales	(%)	10.62	9.29	8.45
PBIDT / Sales	(%)	25.32	22.21	21.23
Return on Total Assets (PBT/Total Assets}	(%)	16.29	12.94	10.59
Return on Investment (ROI) (PBT/Networth)		0.62	0.56	0.52
Debt Equity Ratio (Total Debt /Networth)		1.27	1.34	1.21
Current Ratio (Current Asset/Current Liability)		1.05	0.88	1.03

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	352.380	592.381	592.381
Reserves & Surplus	706.844	2309.390	4327.870
Net worth	1059.224	2901.771	4920.251
long-term borrowings	621.588	2361.350	1682.248
Short term borrowings	661.610	1533.282	4573.488
Total borrowings	1283.198	3894.632	6255.736
Debt/Equity ratio	1.211	1.342	1.271

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	4342.949	11872.018	19106.613
		173.363	60.938

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	4342.949	11872.018	19106.613
Profit	366.877	1102.809	2029.795
	8.45%	9.29%	10.62%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	No
9]	Name of person contacted	No
10]	Designation of contact person	No
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	--
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	Yes
19]	Payments terms	No
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	Yes

OPERATIONS REVIEW

The Company has been able to achieve total revenue of Rs. 19265.200 Millions and posted a profit after tax Rs. 2029.700 Millions as compared to the previous year total revenue of Rs. 11898.200 Millions and Net profit of Rs. 1102.800 Millions. The company earned a profit after tax of approx Rs. 2029.700 Millions during 2012-13, which is more than 83% in comparison to previous year profit. The total receipts and the net profit after tax of the Company have increased considerably from the previous year and the Company foresees higher turnover with increased profitability and greater market base in the coming years. The company has achieved the Turnover of Rs 6540.000 Millions in the 1st Quarter which is 20.14 % of the annual projection.

BUSINESS REVIEW

The directors are pleased to report that the company was able to secure new BOT projects as follows:

Development of Uchera Nagod - Singhpur Kalinjher Road Project on BOT basis in the state of Madhya Pradesh, proposed Length 55.60 Kms in the state of Madhya Pradesh on Build, Operate and Transfer (BOT) on toll plus annuity basis. This project is valued at the estimated cost of Rs.1158.400 Millions.

Development of Jaora-Piploda-Jalandharkheda and Piploda-Sailana Road proposed Length 42.27 Kms, Raipuriya-Petlabad-Bamania Road proposed Length 18.18 Kms, Jawad Road to Khoh Road proposed length 21.07 Kms and Soyat-Pidawa Road proposed length 6.25 Kms on BOT (Annuity) basis under package -IV on Design, Build, Finance, Operate and Transfer basis in the state of Madhya Pradesh.

This project is valued at the estimated cost of Rs. 1360.000 Millions.

Development of Bankhlafata-Dogawa-via-Borawa-Sarvardevala Road proposed Length 23.67 Kms, Punasa-Mundi-Singhaji (Thermal Power Plant) Road and Singhaji Bridge Approach Road Proposed Length 13.30 Kms, and Mundi-Devala-Khutala-Atoot NVDA Road, proposed length 28.43 Kms on BOT (Annuity) basis under package -I on Design, Build, Finance, Operate and Transfer basis in the state of Madhya Pradesh. This project is valued at the estimated cost of Rs.1177.100 Millions.

Development and Operation/Maintenance of the Two Laning with paved shoulder of Ashoknagar Vidisha Road Project on BOT (Toll + Annuity) basis in the state of Madhya Pradesh, proposed Length 35.68 Kms. This project is valued at the estimated cost of Rs.887.000 Millions.

Development of Betul-Sarni-Tikadhana-Junnardeo-Parasia Road on BOT (Toll plus Annuity) basis proposed Length 124.10 Kms or being developed by the Madhya Pradesh Road Development Corporation Limited in the state of Madhya Pradesh and to collect the toll tax. This project is valued at the estimated cost of Rs. 3240.000 Millions The aforesaid projects are being undertaken by the Company in the four SPVs floated as 100% wholly owned subsidiaries of the Company.

UNSECURED LOAN

PARTICULARS	31.03.2013 (Rs. in Millions)	31.03.2012 (Rs. in Millions)
Long-term Borrowings
Term loans from others	14.253	84.855
Loans and advances from related parties	6.260	6.260
Long-term maturities of finance lease obligations	(14.253)	(45.295)
Total	6.260	45.820

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10528514	04/11/2014	1,000,000,000.00	L & T FINANCE LIMITED	L&T HOUSE, BALLARD ESTATE,, MUMBAI, MAHARASHTRA - 400001, INDIA	C31854425
2	10530279	22/10/2014	3,484,479.00	SREI EQUIPMENT FINANCE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA	C32994956
3	10530277	22/10/2014	24,078,080.00	SREI EQUIPMENT FINANCE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA	C32994337
4	10530327	22/10/2014	33,409,890.00	SREI EQUIPMENT FINANCE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA	C32995557
5	10530326	22/10/2014	38,252,040.00	SREI EQUIPMENT FINANCE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA	C32993784
6	10530282	22/10/2014	38,947,214.00	SREI EQUIPMENT FINANCE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA	C32996027
7	10530271	22/10/2014	111,826,000.00	SREI EQUIPMENT FINANCE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA	C32990640
8	10526836	13/10/2014	113,223,250.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA	C30403117
9	10528846	10/10/2014	10,458,000.00	MAGMA FINCORP LIMITED	MAGMA HOUSE, 24 PARK STREET, KOLKATA, WEST BENGAL - 700016, INDIA	C32064693
10	10527839	08/10/2014	24,640,000.00	SREI EQUIPMENT FINANCE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA	C31215742

FIXED ASSETS

Tangible assets

· Land

· Plant and equipment

· Furniture and fixtures

· Vehicles

· Office equipment

Intangible assets

· Computer software

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.61.68
UK Pound	1	Rs.96.93
Euro	1	Rs.77.36

INFORMATION DETAILS

Information Gathered by :	NYA
Analysis Done by :	RAS
Report Prepared by :	KVT

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	6
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	6
--CREDIT LINES	1~10	6
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	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		51

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.