MIRA INFORM REPORT

Report Date :

05.09.2014

IDENTIFICATION DETAILS

Name :	SHRI GIRIJA SMELTERS LIMITED (w.e.f. 29.03.2011))
Formerly Known As :	SHRI GIRIJA SMELTERS PRIVATE LIMITED
Registered Office :	10-1-11, Asilmetta Junction, Vizag – 530001, Andhra Pradesh
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	31.12.1987
Com. Reg. No.:	01-008133
Capital Investment / Paid-up Capital :	Rs.60.917 Millions
CIN No.: [Company Identification No.]	U27101AP1987PLC008133
PAN No.: [Permanent Account No.]	AADCS1438A
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Subject is engaged in the activity of Manufacturing of Ferro Alloys.
No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

Ba (46)

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

Status :	Satisfactory
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track. Management has filed the “Form 20 B” which is annual return whereas, failed to file Form 23AC and Form 23 ACA which depicts financial statement with the statutory authorities. However, trade relations are fair. Business is active. Payment terms are reported as slow but 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	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

As per the latest IMF study, the total weigh of emerging markets in the GDP of the world on a purchasing power parity basis has seen a sizeable shift. It highlights how as against 51 % in 2005, the emerging economies now account for close to 56 % of the global purchasing power GDP as per the latest survey. And with the emerging economies growing at a faster rate than their developed counterparts, there are every possibility that the their share goes up further in the coming years.  China may surpass the US over the next few years.

Politics and economics are very intricately connected. They tend to influence each other in ways that could be very complex and far-reaching. The prospects of the India’s economy have been seriously compromised due to political corruption. High inflation, poor standard of living are to a great extent a result of rampant corruption in the country. China on the other hand, seems to be facing diametrically opposite challenge. American hedge fund manager Jim Chanos has been keenly following the political and economic development in the dragon economy and has figured out something that is quite worrying. He is of the view that the Chinese economy could be heading toward trouble on account of new Chinese President Xi Jingping’s very aggressive anti-corruption drive. Chanos believes tat many things such as apartment sales, luxury products, etc. were largely bought with dirty money. And it is now beginning to impact consumption. This may indeed be bad news for an economy that is struggling to transition from an investment-driven export-oriented economy to a domestic consumption-driven economy.

A study published by Firstpost has revealed that asset classes like real estate and equities were the biggest beneficiaries of the liberalization policies.  A firm called Ciane Analytics studied returns from assets including equities, gold, fixed deposits, G-Secs and real estate since 1991. Real estate outperformed every other asset classes during the 23-year period with an annualized return of 20 % ! Equities came in second with annualized return of 15.5 % ! However, while these returns may seem mouthwatering, the fact is that the return from equities adjusted for inflation came down to just 7.1 %.

Some brief news are as under

. R-Power to buy Jaypee’s hydro assets

. Investors await justice in NSEL case

. India seeks MFN status from Pakistan ahead of meeting

. Ukrain’s clashes with rebels hinder MH17 crash investigation

. India exploring merger of state-owned hydro PSUs

..Higher costs weigh down profit growth to slowest in 9 quarters

..Wal-Mart to expand wholesale business in India

. GMR group moves to strengthen balance sheet

. Central Bank to sell 4 % stake to Life Insurance Corporation

. Tata Chemicals plans to raise up to Rs 10000 mn.

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 DENIED BY

Name :	Mr. G. Sriniwas Rao
Designation :	Accounts Manager
Contact No.:	91-9669679000
Date :	28.08.2014

LOCATIONS

Registered Office :	10-1-11, Asilmetta Junction, Vizag – 530001, Andhra Pradesh, India
Tel. No.:	91-891-2553255
Mobile No.:	91-9669679000 (Mr. G. Sriniwas Rao)
Fax No.:	91-891-2553255
E-Mail :	sgslryp@yahoo.co.in

DIRECTORS

AS ON 30.09.2013

Name :

Mr. Sanyasi Raju Chintalapati

Designation :

Director

Address :

MIG -225, TPT Colony, Seetammadara, Ne Layout, Visakhapatnam – 530013, Andhra Pradesh, India

Date of Birth/Age :

01.07.1933

Date of Appointment :

05.10.1988

DIN No.:

01649785

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	U27101AP1987PLC008133	SHRI GIRIJA SMELTERS LTD	Director	05/10/1988	05/10/1988	-	Active	NO
2	U27109AP1988PLC008340	SRINIVASA FERRO ALLOYS LTD	Managing director	30/09/1992	30/09/1992	-	Active	NO
3	U05004OR1994PTC003556	SRINIVAS MARINE EXPORTS INDIA PVT LTD	Director	23/03/1994	23/03/1994	-	Active	NO
4	U27101OR1993PTC003252	BRAHMANI FERRO ALLOYS PRIVATE LIMITED	Director	01/01/2004	01/01/2004	-	Active	NO
5	U27101OR1993PTC003275	BIRAJA FERRO ALLOYS PVT LTD	Director	01/01/2004	01/01/2004	-	Active	NO
6	U01119OR2005PTC008114	BRAHMANI AGRO-TECH PRIVATE LIMITED	Director	13/04/2005	13/04/2005	-	Active	NO
7	U01119OR2005PTC008113	BIRIJA AGRO-TECH PRIVATE LIMITED	Director	13/04/2005	13/04/2005	-	Active	NO
8	U01119AP2005PTC046670	GIRIJA AGRO-TECH PRIVATE LIMITED	Director	28/06/2005	28/06/2005	-	Active	NO
9	U70109WB2000PTC090993	SRI GAYATRI MINERALS PRIVATE LIMITED	Managing director	01/04/2006	01/04/2006	-	Active	NO
10	U27101AP2004PTC043091	SHRI GIRIJA ALLOY & POWER (I) PRIVATE LIMITED	Director	30/01/2007	30/01/2007	-	Active	NO
11	U14290AP2007PTC055502	SRINIVASA GAYATRI MINING AND MINERALS PRIVATE LIMITED	Director	13/09/2007	13/09/2007	-	Active	NO
12	U01403AP2008PTC060934	VAMSI AGROTECH PRIVATE LIMITED	Director	09/09/2008	09/09/2008	-	Active	NO
13	U01403AP2008PTC060994	CSR AGRITECH PRIVATE LIMITED	Director	11/09/2008	11/09/2008	-	Active	NO
14	U55101AP2010PTC071155	DREAM MEDIRESORTS (VIZAG) PRIVATE LIMITED	Director	04/04/2011	04/04/2011	-	Active	NO

Name :

Mr. Venkata Satya Surya Raghuramaraju Chintalapati

Designation :

Director

Address :

MIG -225, TPT Colony, Seetammadara, Ne Layout, Visakhapatnam – 530013, Andhra Pradesh, India

Date of Birth/Age :

06.05.1963

Date of Appointment :

09.03.1988

DIN No.:

01649946

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	U27101AP1987PLC008133	SHRI GIRIJA SMELTERS LTD	Director	09/03/1988	09/03/1988	-	Active	NO
2	U27109AP1988PLC008340	SRINIVASA FERRO ALLOYS LTD	Director	09/03/1988	09/03/1988	-	Active	NO
3	U74999MH1961NPL012060	THE INDIAN FERRO ALLOY PRODUCERS ASSOCIATION	Director	19/09/2003	19/09/2003	-	Active	NO
4	U01119AP2004PTC042460	CHINTALAPATI AGRO-TECH PRIVATE LIMITED	Director	01/03/2005	01/03/2005	-	Active	NO
5	U70101WB2005PTC102513	C S R DEVELOPERS PRIVATE LIMITED	Director	29/03/2005	29/03/2005	-	Active	NO
6	U01409WB2005PTC104139	C.RADHA AGRO-TECH PRIVATE LIMITED	Director	13/07/2005	13/07/2005	-	Active	NO
7	U27101AP2004PTC043091	SHRI GIRIJA ALLOY & POWER (I) PRIVATE LIMITED	Director	30/01/2007	30/01/2007	-	Active	NO
8	U70109WB2000PTC090993	SRI GAYATRI MINERALS PRIVATE LIMITED	Director	02/04/2007	02/04/2007	-	Active	NO
9	U14290AP2007PTC055502	SRINIVASA GAYATRI MINING AND MINERALS PRIVATE LIMITED	Director	13/09/2007	13/09/2007	-	Active	NO
10	U01403AP2008PTC060994	CSR AGRITECH PRIVATE LIMITED	Director	11/09/2008	11/09/2008	-	Active	NO
11	U55101AP2010PTC071155	DREAM MEDIRESORTS (VIZAG) PRIVATE LIMITED	Director	04/04/2011	04/04/2011	-	Active	NO

Name :

Mr. Pericherla Venkata Ramani

Designation :

Director

Address :

MIG -225, TPT Colony, Seetammadara, Ne Layout, Visakhapatnam – 530013, Andhra Pradesh, India

Date of Birth/Age :

16.11.1959

Date of Appointment :

12.08.1992

DIN No.:

01649761

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	U27109AP1988PLC008340	SRINIVASA FERRO ALLOYS LTD	Director	12/08/1992	12/08/1992	-	Active	NO
2	U27101AP1987PLC008133	SHRI GIRIJA SMELTERS LTD	Director	12/08/1992	12/08/1992	-	Active	NO
3	U27101OR1993PTC003252	BRAHMANI FERRO ALLOYS PRIVATE LIMITED	Director	15/02/1993	15/02/1993	-	Active	NO
4	U05004OR1994PTC003556	SRINIVAS MARINE EXPORTS INDIA PVT LTD	Director	23/03/1994	23/03/1994	-	Active	NO
5	U27101OR1993PTC003275	BIRAJA FERRO ALLOYS PVT LTD	Director	01/01/2004	01/01/2004	-	Active	NO
6	U01100AP2004PTC044346	P.V. RAMANI AGROTECH PRIVATE LIMITED	Director	06/10/2004	06/10/2004	-	Active	NO
7	U01119AP2004PTC042461	PERICHERLA AGRO-TECH PRIVATE LIMITED	Director	01/03/2005	01/03/2005	-	Active	NO
8	U01119OR2005PTC008114	BRAHMANI AGRO-TECH PRIVATE LIMITED	Director	13/04/2005	13/04/2005	-	Active	NO
9	U01119OR2005PTC008113	BIRIJA AGRO-TECH PRIVATE LIMITED	Director	13/04/2005	13/04/2005	-	Active	NO
10	U01119AP2005PTC046670	GIRIJA AGRO-TECH PRIVATE LIMITED	Director	28/06/2005	28/06/2005	-	Active	NO
11	U27101AP2004PTC043091	SHRI GIRIJA ALLOY & POWER (I) PRIVATE LIMITED	Director	30/01/2007	30/01/2007	-	Active	NO
12	U27310AP2007PTC055801	VIZAG ISPAT AND ALLOYS PRIVATE LIMITED	Director	05/10/2007	05/10/2007	-	Strike off	NO
13	U45400AP2008PTC060923	CUBE TECHNO PROJECTS PRIVATE LIMITED	Director	09/09/2008	09/09/2008	03/08/2011	Active	NO
14	U01403AP2008PTC060934	VAMSI AGROTECH PRIVATE LIMITED	Director	09/09/2008	09/09/2008	-	Active	NO
15	U55101AP2010PTC071155	DREAM MEDIRESORTS (VIZAG) PRIVATE LIMITED	Director	04/04/2011	04/04/2011	-	Active	NO

Name :

Mr. Girija Chintalapati

Designation :

Director

Address :

MIG -225, TPT Colony, Seetammadara, Ne Layout, Visakhapatnam – 530013, Andhra Pradesh, India

Date of Birth/Age :

01.01.1937

Date of Appointment :

02.09.1991

DIN No.:

01649813

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	U27109AP1988PLC008340	SRINIVASA FERRO ALLOYS LTD	Director	02/09/1991	02/09/1991	-	Active	NO
2	U27101AP1987PLC008133	SHRI GIRIJA SMELTERS LTD	Director	02/09/1991	02/09/1991	-	Active	NO
3	U27101AP2004PTC043091	SHRI GIRIJA ALLOY & POWER (I) PRIVATE LIMITED	Director	30/01/2007	30/01/2007	-	Active	NO
4	U70109WB2000PTC090993	SRI GAYATRI MINERALS PRIVATE LIMITED	Director	02/04/2007	02/04/2007	-	Active	NO
5	U55101AP2010PTC071155	DREAM MEDIRESORTS (VIZAG) PRIVATE LIMITED	Director	04/04/2011	04/04/2011	-	Active	NO
6	U13209AP2012PTC080303	SHRI GIRIJA MINING PRIVATE LIMITED	Director	16/04/2012	16/04/2012	-	Active	NO

Name :

Mr. Vamsi Pericherla

Designation :

Director

Address :

MIG -225, TPT Colony, Seetammadara, Ne Layout, Visakhapatnam – 530013, Andhra Pradesh, India

Date of Birth/Age :

02.09.1981

Date of Appointment :

14.11.2004

DIN No.:

02137613

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	U27101OR1993PTC003275	BIRAJA FERRO ALLOYS PVT LTD	Director	01/01/2004	01/01/2004	-	Active	NO
2	U27101OR1993PTC003252	BRAHMANI FERRO ALLOYS PRIVATE LIMITED	Director	29/04/2004	29/04/2004	-	Active	NO
3	U01119AP2004PTC042460	CHINTALAPATI AGRO-TECH PRIVATE LIMITED	Director	09/07/2004	09/07/2004	-	Active	NO
4	U27101AP1987PLC008133	SHRI GIRIJA SMELTERS LTD	Director	14/11/2004	14/11/2004	-	Active	NO
5	U27101AP2004PTC043091	SHRI GIRIJA ALLOY & POWER (I) PRIVATE LIMITED	Director	30/09/2011	01/03/2011	-	Active	NO
6	U65993WB1995PTC157000	BALAJI FINVEST PVT LTD	Director	19/06/2013	19/06/2013	-	Active	NO
7	U51909WB2010PTC151752	MAGNET TREXIM PRIVATE LIMITED	Director	23/08/2014	23/08/2014	-	Active	NO

KEY EXECUTIVES

Name :	Mr. G. Sriniwas Rao
Designation :	Accounts Manager

MAJOR SHAREHOLDERS

AS ON 30.09.2013

SHAREHOLDERS DETAILS FILE ATTACHED.

Equity Share Break up (Percentage of Total Equity)

AS ON 30.09.2013

Category	Percentage
Bodies corporate	96.26
Directors or relatives of Directors	3.74
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged in the activity of Manufacturing of Ferro Alloys.

GENERAL INFORMATION

No. of Employees :

Information declined by the management

Bankers :

IDBI Bank Limited, IDBI Tower WTC Complex, Cuffe Parade, Mumbai – 400005, Maharashtra, India

Facilities :

SECURED LOANS	31.03.2012 Rs. In Millions	31.03.2011 Rs. In Millions
Long Term Borrowings
Term loans from banks	0.000	1.030
Total	0.000	1.030

Banking Relations :	--
Financial Institution :	PNB Housing Finance Limited, 9^th Floorantriksh Bhawan, 22 K G Marg, New Delhi – 110001, India
Auditors :
Name :	P S Raju and Company Chartered Accountants
Address :	Flat No.103, Lakshmi Apartments
PAN No.:	ACSPP8605B
Others :	· Srinivasa Ferro Alloys Limited · Deccan Ferro Alloys Private Limited · Sri Gayatri Minerals Private Limited

CAPITAL STRUCTURE

AS ON 30.09.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
61000	Equity Shares	Rs.1000/- each	Rs.61.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
60917	Equity Shares	Rs.1000/- each	Rs.60.917 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	60.917	60.917
(b) Reserves & Surplus	370.245	310.075
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000
Total Shareholders’ Funds (1) + (2)	431.162	370.992
(3) Non-Current Liabilities
(a) long-term borrowings	30.932	74.469
(b) Deferred tax liabilities (Net)	0.000	0.000
(c) Other long term liabilities	0.000	0.000
(d) long-term provisions	0.000	0.000
Total Non-current Liabilities (3)	30.932	74.469
(4) Current Liabilities
(a) Short term borrowings	134.777	139.447
(b) Trade payables	284.067	162.788
(c) Other current liabilities	8.125	45.836
(d) Short-term provisions	22.545	23.470
Total Current Liabilities (4)	449.514	371.541
TOTAL	911.608	817.002
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	224.815	203.969
(ii) Intangible Assets	0.530	0.489
(iii) Capital work-in-progress	0.000	1.405
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	210.044	129.044
(c) Deferred tax assets (net)	5.361	6.949
(d) Long-term Loan and Advances	46.282	39.357
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	487.032	381.213
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	193.600	204.519
(c) Trade receivables	29.075	21.680
(d) Cash and cash equivalents	69.277	22.012
(e) Short-term loans and advances	132.624	187.578
(f) Other current assets	0.000	0.000
Total Current Assets	424.576	435.789
TOTAL	911.608	817.002

SOURCES OF FUNDS		31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		16.460
2] Share Application Money		0.000
3] Reserves & Surplus		310.701
4] (Accumulated Losses)		0.000
NETWORTH		327.161
LOAN FUNDS
1] Secured Loans		54.835
2] Unsecured Loans		71.283
TOTAL BORROWING		126.118
DEFERRED TAX LIABILITIES		0.000
TOTAL		453.279
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		150.890
Capital work-in-progress		0.000
INVESTMENT		34.346
DEFERRED TAX ASSETS		8.923
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	136.407
	Sundry Debtors	23.345
	Cash & Bank Balances	95.409
	Other Current Assets	0.000
	Loans & Advances	265.771
Total Current Assets		520.932
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.000
	Other Current Liabilities	161.523
	Provisions	100.289
Total Current Liabilities		261.812
Net Current Assets		259.120
MISCELLANEOUS EXPENSES		0.000
TOTAL		453.279

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income	1698.203	1642.215	1323.156
		Other Income	32.396	15.862	23.108
		TOTAL (A)	1730.599	1658.077	1346.264
Less	EXPENSES
		Cost of Materials Consumed	1003.419	1118.863
		Purchase of Stock-in-trade	0.000	0.000
		Changes in Inventories of finished goods, work-in-progress and stock-in-trade	15.764	(24.178)
		Employee Benefits Expenses	27.689	35.482
		Other Expenses	520.911	430.610
		Extraordinary Items	0.239	2.100
		TOTAL (B)	1568.022	1562.877	1238.784
	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		162.577	95.200	107.480
Less	FINANCIAL EXPENSES (D)		57.752	17.525	7.486
	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		104.825	77.675	99.994
Less	DEPRECIATION/ AMORTISATION (F)		13.428	11.723	9.147
	PROFIT/(LOSS) BEFORE TAX (E-F) (G)		91.397	65.952	90.847
Less	TAX (H)		31.227	23.095	33.517
	PROFIT/(LOSS) AFTER TAX (G-H) (I)		60.170	42.857	57.330
	Earnings Per Share (Rs.)		987.74	703.54	3483.00

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	3.48	2.58	4.26
Net Profit Margin (PBT/Sales)	(%)	5.38	4.02	6.87
Return on Total Assets (PBT/Total Assets}	(%)	13.13	9.70	13.52
Return on Investment (ROI) (PBT/Networth)		0.21	0.18	0.28
Debt Equity Ratio (Total Debt /Networth)		0.38	0.58	0.39
Current Ratio (Current Asset/Current Liability)		0.94	1.17	1.99

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2011	31.03.2012
	Rs. In Millions	Rs. In Millions
Share Capital	60.917	60.917
Reserves & Surplus	310.075	370.245
Net worth	370.992	431.162
long-term borrowings	74.469	30.932
Short term borrowings	139.447	134.777
Total borrowings	213.916	165.709
Debt/Equity ratio	0.577	0.384

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2010	31.03.2011	31.03.2012
	Rs. In Millions	Rs. In Millions	Rs. In Millions
Sales	1,323.156	1,642.215	1,698.203
		24.113	3.409

NET PROFIT MARGIN

Net Profit Margin	31.03.2010	31.03.2011	31.03.2012
	Rs. In Millions	Rs. In Millions	Rs. In Millions
Sales	1,323.156	1,642.215	1,698.203
Profit	57.330	42.857	60.170
	4.33%	2.61%	3.54%

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	Yes
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	-----------
14]	Estimation for coming financial year	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	----------
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	No
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

UNSECURED LOANS:

Particulars	31.03.2012 Rs. In Millions	31.03.2011 Rs. In Millions
Long Term Borrowings
Loans from directors	30.932	73.439
Short Term Borrowings
Loans repayable on demand from banks	134.777	139.447
Total	165.709	212.886

INDEX OF CHARGE:

Sr. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10425228	05/04/2013	8,600,053.00	PNB HOUSING FINANCE LIMITED	9TH FLOORANTRIKSH BHAWAN, 22 K G MARG, NEW DELHI, DELHI - 110001, INDIA	B74973090
2	10331085	26/11/2011	4,750,000,000.00	PNB INVESTMENT SERVICES LIMITED	10, RAKESH DEEP BUILDING, YUSUF SARAI COMMERCIAL COMPLEX, GULMOHAR ENCLAVE, NEW DELHI, DELHI - 110004, INDIA	B30348353
3	10275207	29/01/2011	1,140,000.00	TATA CAPITAL LIMITED	ONE FORBES, DR V B GANDHI MARG,FORT, MUMBAI, MAHARASHTRA - 400001, INDIA	B08763989
4	10139506	19/08/2011 *	430,000,000.00	IDBI BANK LIMITED	IDBI TOWERWTC COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA	B20754172

*Date of modification Charges

FIXED ASSETS:

· Land

· Building

· Plant and Machinery

· Computer

· Vehicles

· Furniture and Fixture

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.60.54
UK Pound	1	Rs.99.73
Euro	1	Rs.79.54

INFORMATION DETAILS

Information Gathered by :	SVA
Analysis Done by :	SUB
Report Prepared by :	NKT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	4
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	5
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		46

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.