MIRA INFORM REPORT

Report Date :

13.09.2014

IDENTIFICATION DETAILS

Name :	R. R. ENERGY LIMITED
Registered Office :	Village Gurh Umaria, Jharsuguda Road, Raigarh – 496001, Chhattisgarh
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	27.04.2004
Com. Reg. No.:	10-016580
Capital Investment / Paid-up Capital :	Rs. 63.910 Millions
CIN No.: [Company Identification No.]	U40109CT2004PLC016580
TAN No.: [Tax Deduction & Collection Account No.]	BPLM06450D
PAN No.: [Permanent Account No.]	AACCR8829B
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Power Generation.
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 :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track record. There seems sharp dip in the profit of the company during 2013 however General financial position of the company is good. Trade relations are reported as fair. Business is active. Payment terms are reported to be usually correct. The company can be considered normal for business dealings at usual trade terms and conditions.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – 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.

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	Long Term Rating (BBB-)
Rating Explanation	Moderate degree of safety. It carry moderate credit risk.
Date	31.07.2014

Rating Agency Name	CRISIL
Rating	Short Term Rating (A3)
Rating Explanation	Moderate degree of safety. It carry higher credit risk
Date	31.07.2014

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 DENIED

Management Non Cooperative (91-9752595405)

LOCATIONS

Registered Office :	Village Gurh Umaria, Jharsuguda Road, Raigarh - 496001
Tel. No.:	91-7762-233385
Fax No.:	91-7762-233386
E-Mail :	corpservices_mca@yahoo.com rrenergylimited@rediffmail.com

DIRECTORS

As on 23.09.2013

Name :

Mr. Rajendra Kumar Agarwal

Designation :

Managing Director

Address :

Sarvamangla Road, 62, Transport Nagar, Korba – 495677, Chhattisgarh, India

Date of Birth/Age :

12.04.1958

Date of Appointment :

01.04.2008

DIN No.:

00526453

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	U27106CT1996PTC010768	R.R.FERRO ALLOY PRIVATE LIMITED	Director	19/04/1996	19/04/1996	31/12/2012	Active	NO
2	U45203CT2003PTC015609	R.K.TRANSPORT AND CONSTRUCTIONS PRIVATE LIMITED	Director	01/06/2013	26/02/2003	01/09/2013	Active	NO
3	U40109CT2004PLC016580	R. R. ENERGY LIMITED	Managing director	01/04/2008	27/04/2004	-	Active	NO
4	U10200CT2007PTC020336	JAYEM COAL BENEFICATION AND POWER PRIVATE LIMITED	Director	02/08/2007	02/08/2007	-	Active	NO
5	U10100CT2010PTC021807	SWARN COAL BENEFICATIONS AND POWER PRIVATE LIMITED	Director	07/05/2010	07/05/2010	-	Active	NO
6	U27205DL2009PLC193673	RASHI STEEL AND POWER LIMITED	Director	28/05/2010	28/05/2010	25/07/2011	Active	NO
7	U45200CT2013PTC000890	WELLCON CONSTRUCTIONS PRIVATE LIMITED	Director	24/05/2013	24/05/2013	-	Active	NO

Name :

Mr. Amar Agarwal

Designation :

Executive Director

Address :

65, Transport Nagar, Korba – 495677, Chhattisgarh, India

Date of Birth/Age :

04.06.1964

Date of Appointment :

14.09.2005

DIN No.:

00526488

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	U27106CT1996PTC010768	R.R.FERRO ALLOY PRIVATE LIMITED	Director	19/04/1996	19/04/1996	-	Active	NO
2	U45203CT2003PTC015609	R.K.TRANSPORT AND CONSTRUCTIONS PRIVATE LIMITED	Director	26/02/2003	26/02/2003	-	Active	NO
3	U40109CT2004PLC016580	R. R. ENERGY LIMITED	Director	14/09/2005	14/09/2005	-	Active	NO
4	U10200CT2007PTC020336	JAYEM COAL BENEFICATION AND POWER PRIVATE LIMITED	Director	02/08/2007	02/08/2007	-	Active	NO
5	U40101CT2007PLC020212	ARYA ENERGY LIMITED	Director	01/03/2008	01/03/2008	02/03/2010	Active	NO
6	U27100CT2009PTC021481	COSMOS IRON AND POWER PRIVATE LIMITED	Director	30/11/2009	30/11/2009	-	Active	NO
7	U27205DL2009PLC193673	RASHI STEEL AND POWER LIMITED	Director	25/06/2010	25/06/2010	-	Active	NO
8	U01403CT2011PTC022667	KALP AGRI FARMS PRIVATE LIMITED	Director	09/09/2011	09/09/2011	01/11/2013	Active	NO
9	U10100CT2011PTC000050	OMAX MINERALS PRIVATE LIMITED	Director	01/06/2013	07/12/2011	-	Active	NO
10	U63030CT2013PTC001069	VEDANTA WASHERY AND LOGISTICS PRIVATE LIMITED	Director	13/09/2013	13/09/2013	-	Active	NO
11	U63040CT2013PTC001193	VEDANTA WASHERY AND LOGISTIC SOLUTIONS PRIVATE LIMITED	Director	20/12/2013	20/12/2013	31/03/2014	Active	NO
12	U51909WB2011PTC166047	RAJDHAN TRADEVIN PRIVATE LIMITED	Director	04/06/2014	04/06/2014	-	Active	NO
13	U51909WB2011PTC166008	MATARANI TRADECOMM PRIVATE LIMITED	Director	04/06/2014	04/06/2014	-	Active	NO
14	U51909WB2011PTC166010	SUBHDHARA TRADELINK PRIVATE LIMITED	Director	04/06/2014	04/06/2014	-	Active	NO

Name :

Mr. Subhash Chander Singhal

Designation :

Executive Director

Address :

C/O Rajendra Agarwal, Patel Para, Korba – 495677, Chhattisgarh, India

Date of Birth/Age :

02.04.1959

Date of Appointment :

15.10.2004

DIN No.:

03196747

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	U40109CT2004PLC016580	R. R. ENERGY LIMITED	Director	15/10/2004	15/10/2004	-	Active	NO
2	U85190DL2011PTC217421	HOMITAL MEDCARE PRIVATE LIMITED	Director	11/04/2011	11/04/2011	-	Active	NO

Name :

Mr. Ashok Kumar Agarwal

Designation :

Executive Director

Address :

Agarwal Bhawan, Vidya UP-Nagar, Bilaspur – 495001, Chhattisgarh, India

Date of Birth/Age :

02.01.1965

Date of Appointment :

14.09.2005

DIN No.:

00288150

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	U45203CT2002PTC015384	BILASPUR INFRASTRUCTURES PRIVATE LIMITED	Director	12/11/2002	12/11/2002	-	Active	NO
2	U70101CT2001PTC014776	GODAWARI REAL ESTATE (CHHATTISGARH) PRIVATE LIMITED	Director	29/09/2003	29/09/2003	-	Active	NO
3	U40109CT2004PLC016580	R. R. ENERGY LIMITED	Director	14/09/2005	14/09/2005	-	Active	NO
4	U25203CT1991PLC006713	SPIN PACKAGING LIMITED.	Director	16/09/2005	16/09/2005	-	Active	NO
5	U23109OR2002PLC006906	EARTH MINERALS COMPANY LIMITED	Director	25/02/2006	25/02/2006	-	Active	NO
6	U00921CT2006PTC018448	A. S. FUN PRIVATE LIMITED	Director	01/03/2006	01/03/2006	-	Active	NO
7	U51109WB2005PTC104098	RAZIEL TIEUP PRIVATE LIMITED	Director	20/12/2008	20/12/2008	-	Active	NO
8	U27100CT2009PTC021481	COSMOS IRON AND POWER PRIVATE LIMITED	Director	30/11/2009	30/11/2009	-	Active	NO
9	U27205DL2009PLC193673	RASHI STEEL AND POWER LIMITED	Director	25/07/2011	28/05/2010	-	Active	NO
10	U74200CT2008PTC020748	SHARAN RAIL CONSULTANCY SERVICES PRIVATE LIMITED	Director	03/01/2011	03/01/2011	-	Active	NO
11	U67110CT2011PTC022426	JAYEM HOLDINGS PRIVATE LIMITED	Director	15/04/2011	15/04/2011	-	Active	NO
12	U10200CT2007PTC020336	JAYEM COAL BENEFICATION AND POWER PRIVATE LIMITED	Director	20/10/2011	20/10/2011	-	Active	NO
13	U40102OR2010PTC012255	SOUL ENERGY PRIVATE LIMITED	Director	11/01/2012	11/01/2012	-	Active	NO

Name :

Mr. Ramawatar Agarwal

Designation :

Executive Director

Address :

Agarwal Bhawan, Vidya UP-Nagar, Bilaspur – 495001, Chhattisgarh, India

Date of Birth/Age :

15.10.2004

Date of Appointment :

15.10.2004

DIN No.:

01345129

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	U24292CT1999PLC013364	MARUTI CLEAN COAL AND POWER LIMITED	Director	20/11/2010	12/08/2002	04/04/2014	Active	NO
2	U40106CT2003PLC015560	CHHATTISGARH POWER AND COAL BENEFICIATION LIMITED	Director	06/02/2003	06/02/2003	30/07/2011	Active	NO
3	U40109CT2004PLC016580	R. R. ENERGY LIMITED	Director	15/10/2004	15/10/2004	-	Active	NO
4	U40101MH2010PTC201084	SHOURYA POWER PRIVATE LIMITED	Director	19/03/2010	19/03/2010	21/02/2013	Active	NO

Name :

Mr. Prabhunath Pandit

Designation :

Executive Directr

Address :

S/O Late Ramyash Pandit, Ratu Road, Ranchi – 834005, Jharkhand, India

Date of Birth/Age :

13.10.1964

Date of Appointment :

30.09.2008

DIN No.:

01807553

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 23.09.2013

Names of Shareholders	No. of Shares
Shri Rajendra Kumar Agarwal	142500
Shri Amar Agarwal	2900
Shri Shshil Agarwal	59400
Shri Bimla Agarwal	20000
Shri Asha Agarwal	20000
Shri Satya Narayan Agarwal	73400
Satya Naryan Agarwal (HUF)	14000
Smt Nisha Singhal	45200
Smt Vandana Agarwal	44000
Smt Indravati Agarwal	54500
Shri Rahul Singhal	74500
Shri Yogesh Sinhal	37500
Shri Sachin Agarwal	9900
Sushil Agarwal (HUF)	14500
Shri Amar Agarwal (HUF)	14500
Smt Anita Agarwal	10000
Shri Subhash Singhal	1475600
Shri Ram Avtar Agarwal	40000
Anita Singhal	30000
Consolidated finlease Limited	900000
Spin Packaging Limited	2298000
Nationl Cement Company	405000
Smt. Pushpa Devi Singhal	20000
Smt Minkashi Singhal	12000
R.K. Transport and Construction Private Limited	70000
Jayen Holding Private Limited	477500
Total	6391000

As on 23.09.2013

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Bodies corporate	64.94
Directors or relatives of Directors	35.06
Total	100.00

BUSINESS DETAILS

Line of Business :

Power Generation.

Products :

PRODUCT DESCRIPTION	ITC NO.
Power Generation	4000

PRODUCTION STATUS (As on 31.03.2013)

Particulars	Installed Capacity (M.T.)	Actual Production (M.T.)
	2012-13	2012-13
Generator of Power	118800	69449

GENERAL INFORMATION

No. of Employees :

Information declined by the management.

Bankers :

• HDFC Bank Limite, HDFC Bank House Senapati Bapat Marg, Lower Parel West, Mumbai – 400013, Maharashtra, India
• Allahabad Bank, Gaurishankar Mandir Road, Raigarh – 496001, Chhattisgarh, India
• State Bank of India, Commercial Branch, Pujari Chambers, Pachpedinka, Raipur – 492001, Chhattisgarh, India
• State Bank of Indore, SME Branch, Opp. Rajkumar College, G.E. Road, Raipur – 492001, Chhattisgarh, India

Facilities :

(Rs. In Millions)

Secured Loan	As on 31.03.2013	As on 31.03.2012
LONG TERM BORROWING
Term Loan
State Bank of India, (Raipur) (TL-II)	0.000	25.302
State Bank of India, (Raipur) (TL – II)	0.000	13.171
State Bank of India, (Raipur)(TL – IV) (GRU)	313.421	334.290
State Bank of India, (Raipur) (TL –V) (Fero)	259.632	0.000
Allahbad Bank Raigarh, term loan (Brick)	18.997	26.226
Hire Purchase Loan
HDFC Bank – Audi Car	2.577	0.000
Loan for – BMW Car	3.045	0.000
HDFC Bank (JCB)	1.511	0.000
HDFC Bank (HM Loader)	3.004	0.000
HDFC Bank (Tata Ventures)	1.396	0.000
Kotak Mahindra Bank (Loader)	0.471	2.016
SHORT TERM BORROWING
Working Capital Facilities
CC Limit with State Bank of India, Raipur	38.825	38.173
Total	642.879	439.178

Banking Relations :	---
Auditors :
Name :	Natwar Vinod and Company Chartered Accountant
Address :	“Manisha” Link Road, Rajendra Nagar Chowck, Above Bank of India, Bilaspur – 495001, Chhatisgarh, India
Tel. No.:	91-7752-404914
Mobile No.:	91-9424140111
E-Mail :	deepakca80@gmail.com
PAN No.:	AAAFN8410B

CAPITAL STRUCTURE

As on 23.09.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
8000000	Equity Shares	Rs.10/- each	Rs. 80.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
6391000	Equity Shares	Rs.10/- each	Rs. 63.910 Millions

As on 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
6000000	Equity Shares	Rs.10/- each	Rs. 60.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
5754000	Equity Shares	Rs.10/- each	Rs. 57.540 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	57.540	51.150	51.150
(b) Reserves & Surplus	654.811	548.361	458.814
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	5.000	7.000	7.000
Total Shareholders’ Funds (1) + (2)	717.351	606.511	509.964
(3) Non-Current Liabilities
(a) long-term borrowings	728.045	401.006	170.561
(b) Deferred tax liabilities (Net)	56.406	67.703	91.867
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	784.451	468.709	262.428
(4) Current Liabilities
(a) Short term borrowings	38.826	38.174	40.111
(b) Trade payables	53.229	16.118	8.885
(c) Other current liabilities	4.370	2.766	0.229
(d) Short-term provisions	10.569	33.585	16.200
Total Current Liabilities (4)	106.994	90.643	65.425
TOTAL	1608.796	1165.863	837.817
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	303.298	320.658	364.096
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	301.714	20.681	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	357.437	412.585	196.694
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	31.646	9.933	0.445
(e) Other Non-current assets	0.00	0.000	0.000
Total Non-Current Assets	994.095	763.857	561.235
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	120.074	143.215	113.886
(c) Trade receivables	136.259	49.889	26.406
(d) Cash and cash equivalents	37.279	35.581	3.257
(e) Short-term loans and advances	321.089	173.321	133.033
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	614.701	42.006	276.582
TOTAL	1608.796	1165.863	837.817

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	464.218	571.530	395.047
		Other Income	6.990	3.081	2.420
		TOTAL (A)	471.208	574.611	397.467
Less	EXPENSES
		Cost of Material Consumed	184.268	281.169	220.394
		Purchase of stock – in –Trade	82.281	8.254	0.000
		Changes in inventories of finished goods, work-in-progress and Stock-in-trade	20.392	24.954	(46.016)
		Employees benefits expenses	17.412	18.229	12.354
		Other expenses	54.722	77.353	36.698
		TOTAL (B)	359.075	409.959	223.430
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		112.133	164.652	174.037
Less	FINANCIAL EXPENSES (D)		12.398	21.950	27.275
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		99.735	142.702	146.762
Less/ Add	DEPRECIATION/ AMORTISATION (F)		48.804	52.668	58.815
	PROFIT BEFORE TAX (E-F) (G)		50.931	90.034	87.947
Less	TAX (H)		1.991	1.488	26.700
	PROFIT AFTER TAX (G-H) (I)		48.940	88.546	61.247
	Earnings Per Share (Rs.)		8.51	17.31	11.97

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	10.39	15.41	15.41
Net Profit Margin (PBT/Sales)	(%)	10.97	15.75	22.26
Return on Total Assets (PBT/Total Assets}	(%)	3.16	7.72	10.49
Return on Investment (ROI) (PBT/Networth)		0.07	0.15	0.17
Debt Equity Ratio (Total Debt /Networth)		1.07	0.72	0.41
Current Ratio (Current Asset/Current Liability)		5.75	4.44	4.23

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	51.150	51.150	57.540
Reserves & Surplus	458.814	548.361	654.811
Share Application money pending allotment	7.000	7.000	5.000
Net worth	516.964	606.511	717.351
long-term borrowings	170.561	401.006	728.045
Short term borrowings	40.111	38.174	38.826
Total borrowings	210.672	439.180	766.871
Debt/Equity ratio	0.408	0.724	1.069

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	395.047	571.530	464.218
		44.674	(18.776)

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	395.047	571.530	464.218
Profit	61.247	88.546	48.940
	15.50%	15.49%	10.54%

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	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	No
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	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

UNSECURED LOAN

(Rs. In Millions)

Particulars	As on 31.03.2013	As on 31.03.2012
LONG TERM BORROWING
From Companies	123.990	0.000
Total	123.990	0.000

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10517113	26/05/2014	2,035,500.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W , MUMBAI, Maharashtra - 400013, INDIA	C18611095
2	10444003	30/06/2013	2,180,000.00	SREI Equipment Finance Private Limited	'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, West Be ngal - 700046, INDIA	B82548009
3	10416004	02/02/2013	3,080,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W , MUMBAI, Maharashtra - 400013, INDIA	B71888887
4	10372634	04/07/2012	1,962,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W , MUMBAI, Maharashtra - 400013, INDIA	B56409170
5	10218663	14/09/2013 *	381,000,000.00	State Bank of India	Commercial Branch, Pujari Chambers, Pachpedinaka, Raipur, Chhattisgarh - 492001, INDIA	B86692506
6	10204195	05/02/2010	35,000,000.00	Allahabad Bank	Gaurishankar Mandir Road, Raigarh, Chhattisgarh - 496001, INDIA	A80126519
7	80028706	07/01/2013 *	876,000,000.00	State Bank of India	2ND FLOOR, PUJARI CHAMBERS,, PACHPEDI NAKA,, RAIP UR, Chhattisgarh - 492001, INDIA	B68686567

* Date of charge modification

FIXED ASSETS

• Land
• Factory Shed and Godown
• Building
• Plant and Machinery
• Office Equipment
• Computers
• Furniture and Fixture
• Vehicle

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] 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.60.84
UK Pound	1	Rs.98.72
Euro	1	Rs.78.64

INFORMATION DETAILS

Information Gathered by :	GAY
Analysis Done by :	DIV
Report Prepared by :	ART

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	4
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	7
--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	NO
--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.