MIRA INFORM REPORT

Report Date :

24.09.2014

IDENTIFICATION DETAILS

Name :	SHYAM METALICS AND ENERGY LIMITED (w.e.f. 05.01.2010)
Formerly Known As :	SHYAM D R I POWER LIMITED
Registered Office :	"Trinity Tower", 83 Topsia Road, 7^th Floor, Kolkata – 700046, West Bengal
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	11.12.2002
Com. Reg. No.:	21-095491
Capital Investment / Paid-up Capital :	Rs.384.668 Millions
CIN No.: [Company Identification No.]	U40101WB2002PLC095491
TAN No.: [Tax Deduction & Collection Account No.]	CALS18182D
PAN No.: [Permanent Account No.]	AAHCS5841D
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer sponge iron, billets, thermo-mechanically treated steel bars, and ferroalloys.
No. of Employees :	2000 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (50)

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 a fine track. Financial positon of the company seems to be decent. Trade relations are fair. Business is active. Payment terms are regular and as per commitments. 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

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	CRISIL
Rating	Long term rating: A-
Rating Explanation	Have adequate degree of safety and carry low credit risk.
Date	29.10.2013

Rating Agency Name	CRISIL
Rating	Short term rating: A2+
Rating Explanation	Have strong degree of safety and carry low credit risk.
Date	29.10.2013

RBI DEFAULTERS’ LIST STATUS

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

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2014.

INFORMATION PARTED BY

Name :	Mr. Vikas Jain
Designation :	Finance Head
Contact No.:	91-33-22116346
Date :	23.09.2014

LOCATIONS

Registered Office / Corporate Office 1 :	"Trinity Tower", 83 Topsia Road, 7^th Floor, Kolkata – 700046, West Bengal, India
Tel. No.:	91-33-40164001
Fax No.:	91-33-40164025
E-Mail :	cs@shyamgroup.com shyam_sel@rediffmail.com info@shyamgroup.com
Corporate Office 2:	“Viswakrma” 86-C, Topsia Road, 1^st Floor, Kolkata – 700046, West Bengal, India
Tel No.:	91-33-40113000
Fax No.:	91-33-22852212
Email :	info@shyamgroup.com
Factory :	Villa Pandler, P.O. Lapanga, District Sambalpur – 768212, Orissa, India

DIRECTORS

As on 30.09.2013

Name :

Mr. Brij Bhushan Agrawal

Designation :

Managing director

Address :

3-B, Ashoka Road, 2^nd Floor, Kolkata – 700027, West Bengal, India

Date of Birth/Age :

13.09.1972

Date of Appointment :

11.12.2002

PAN No.:

ACGPA0365A

DIN No.:

01125056

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	U01122WB1995PTC073938	SHYAM METALICS PRIVATE LIMITED	Director	31/08/1995	31/08/1995	-	Amalgamated	NO
2	U27109WB1991PLC052962	SHYAM SEL AND POWER LIMITED	Managing director	01/04/2013	26/07/1999	-	Active	NO
3	U51909WB1995PTC070771	DORITE TRACON PVT LTD	Director	22/02/2000	22/02/2000	-	Active	NO
4	U51909WB1994PTC066014	SUBHAM CAPITAL PRIVATE LIMITED	Director	15/01/2001	15/01/2001	-	Active	NO
5	U40102WB2002PLC094303	SHYAM ENERGY LIMITED	Director	28/02/2002	28/02/2002	12/06/2014	Active	NO
6	U40101WB2002PLC095491	SHYAM METALICS AND ENERGY LIMITED	Managing director	01/04/2008	11/12/2002	-	Active	NO
7	U26942ML2001PLC006663	CEMENT MANUFACTURING COMPANY LIMITED	Director	03/01/2003	03/01/2003	-	Active	NO
8	U27109WB1995PLC071548	SHYAM FERRO ALLOYS LTD.	Director	16/05/2005	16/05/2005	-	Active	NO
9	U40108ML2002PLC006921	MEGHALAYA POWER LIMITED	Director	25/05/2006	25/05/2006	-	Active	NO
10	U51109WB2006PTC110351	ARA SUPPLIERS PRIVATE LIMITED	Director	23/10/2006	23/10/2006	05/09/2014	Active	NO
11	U52190WB2006PTC111573	ADONIS VYAPER PRIVATE LIMITED	Director	23/10/2006	23/10/2006	05/09/2014	Active	NO
12	U52190WB2006PTC111571	APNAPAN VINIYOG PRIVATE LIMITED	Director	23/10/2006	23/10/2006	05/09/2014	Active	NO
13	U51909WB2006PTC111570	ARHAM SALES PRIVATE LIMITED	Director	23/10/2006	23/10/2006	05/09/2014	Active	NO
14	L20101WB1982PLC034435	CENTURY PLYBOARDS (INDIA) LTD.	Director	27/08/2010	04/12/2006	10/05/2011	Active	NO
15	U15432WB1996PTC111330	MATIN CONFECTIONARY PVT LTD	Director	28/03/2007	28/03/2007	-	Amalgamated	NO
16	U70109WB2007PLC115289	PURI PORTS LIMITED	Director	23/04/2007	23/04/2007	-	Active	NO
17	U70102HR2007PTC043349	TRANSCEND INFRASTRUCTURE Private Limited	Director	15/05/2007	15/05/2007	19/03/2008	Active	NO
18	U40104WB2007PLC116195	NE Hills Hydro Limited	Director	29/05/2007	29/05/2007	21/09/2007	Active	NO
19	U27310WB2007PLC116194	SHYAM CENTURY METALLIC LIMITED	Director	29/05/2007	29/05/2007	21/09/2007	Active	NO
20	U45400WB2007PLC116306	SHYAM EMCO INFRASTRUCTURE LIMITED.	Director	01/07/2009	01/06/2007	-	Active	NO
21	U26940WB2007PLC117174	SHYAM CENTURY CEMENT INDUSTRIES LIMITED	Director	13/07/2007	13/07/2007	-	Active	NO
22	U40105OR2007PLC009567	Kalinga Energy & Power Limited	Director	04/10/2007	04/10/2007	-	Active	NO
23	U70100WB2008PTC126431	SINGHBHUM STEEL & POWER PRIVATE LIMITED	Director	09/06/2008	09/06/2008	21/03/2011	Active	NO
24	U70102WB2008PTC126636	KOLHAN COMPLEX PRIVATE LIMITED	Director	17/06/2008	17/06/2008	22/03/2011	Active	NO
25	U40106WB2008PTC126637	SHYAM SOLAR APPLIANCE PRIVATE LIMITED	Director	17/06/2008	17/06/2008	-	Active	NO
26	U70200WB2008PTC126792	SHYAM ORES(JHARKHAND) PRIVATE LIMITED	Director	23/06/2008	23/06/2008	21/03/2011	Active	NO
27	U63090ML2005PLC008011	STAR CEMENT MEGHALAYA LIMITED	Director	12/08/2009	04/07/2008	-	Active	NO
28	U13100WB2008PTC129094	SHYAM MINMET PRIVATE LIMITED	Director	05/09/2008	05/09/2008	-	Active	NO
29	U45201OR2008PLC010323	KALINGA INFRA-PROJECTS LIMITED	Director	16/09/2008	16/09/2008	27/06/2014	Active	NO
30	U51420WB2005PTC101287	VEDANSH MINERAL & METALS PRIVATE LIMITED	Additional director	14/06/2010	14/06/2010	11/07/2012	Active	NO
31	U45400WB2010PTC155930	GLOWING REALTY PRIVATE LIMITED	Director	18/12/2010	18/12/2010	02/07/2012	Active	NO
32	U27100ML2011PLC008483	MEGHALAYA FERRO ALLOYS & POWER LIMITED	Director	14/07/2011	14/07/2011	-	Active	NO
33	U23101ML2011PLC008484	NORTH EAST CARBON & ENERGY LIMITED	Director	21/07/2011	21/07/2011	-	Active	NO
34	U70109WB2011PTC168115	SHYAM IT PARK DEVEPOLERS PRIVATE LIMITED	Director	26/09/2011	26/09/2011	-	Active	NO

Name :

Mr. Bajrang Lal Agarwal

Designation :

Director

Address :

CA – 54, Sector – I, Salt Lake City, Kolkata – 700064, West Bengal, India

Date of Birth/Age :

20.01.1951

Date of Appointment :

14.08.2010

PAN No.:

ACWP3142K

DIN No.:

00235978

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	U01122WB1995PTC073938	SHYAM METALICS PRIVATE LIMITED	Director	31/08/1995	31/08/1995	-	Amalgamated	NO
2	U27109WB1991PLC052962	SHYAM SEL AND POWER LIMITED	Whole-time director	01/04/2013	19/11/2001	-	Active	NO
3	U40101WB2002PLC095491	SHYAM METALICS AND ENERGY LIMITED	Director	14/08/2010	11/12/2002	-	Active	NO
4	U67120WB1994PLC064811	NARANTAK DEALCOMM LTD	Director	01/08/2006	01/08/2006	-	Active	NO
5	U51109WB2006PTC110351	ARA SUPPLIERS PRIVATE LIMITED	Director	23/10/2006	23/10/2006	05/09/2014	Active	NO
6	U52190WB2006PTC111573	ADONIS VYAPER PRIVATE LIMITED	Director	23/10/2006	23/10/2006	05/09/2014	Active	NO
7	U52190WB2006PTC111571	APNAPAN VINIYOG PRIVATE LIMITED	Director	23/10/2006	23/10/2006	05/09/2014	Active	NO
8	U51909WB2006PTC111570	ARHAM SALES PRIVATE LIMITED	Director	23/10/2006	23/10/2006	05/09/2014	Active	NO
9	U70109WB2007PLC115289	PURI PORTS LIMITED	Director	23/04/2007	23/04/2007	-	Active	NO
10	U45400WB2007PTC116133	STARPOINT HOUSING PRIVATE LIMITED	Director	30/05/2007	30/05/2007	21/01/2011	Active	NO
11	U45400WB2007PTC116161	ARADHANA GREENFIELD DEVELOPERS PRIVATE LIMITED	Director	30/05/2007	30/05/2007	21/01/2011	Active	NO
12	U45400WB2007PTC116163	EUREKA COMPLEX PRIVATE LIMITED	Director	30/05/2007	30/05/2007	21/01/2011	Active	NO
13	U51109WB1995PTC068663	SREE PANCHAMI CONSULTANTS PVT.LTD.	Director	21/08/2007	21/08/2007	10/09/2008	Amalgamated	NO
14	U51109WB1995PTC069472	SHAILY SALES & SERVICES PVT LTD	Director	21/08/2007	21/08/2007	10/09/2008	Active	NO
15	U72100WB1995PTC072806	JHAWAR METACAST & ENGINEERS PVT LTD	Director	27/08/2007	27/08/2007	-	Amalgamated	NO
16	U72900WB2004PTC099459	INFOREV SOFTWARE PRIVATE LIMITED	Director	29/08/2007	29/08/2007	-	Active	NO
17	U02005WB1995PTC073522	ESSEL PLYWOOD PVT LTD	Director	07/11/2007	07/11/2007	-	Active	NO
18	U70101WB1995PTC073721	GANDHINI HOUSING PVT. LTD.	Director	05/05/2009	05/05/2009	-	Active	NO
19	U65922WB1992PTC054891	KALPATARU HOUSEFIN & TRADING PVT LTD	Director	10/08/2009	10/08/2009	-	Active	NO
20	U70100WB2008PTC126431	SINGHBHUM STEEL & POWER PRIVATE LIMITED	Director	02/09/2009	02/09/2009	21/03/2011	Active	NO
21	U70102WB2008PTC126636	KOLHAN COMPLEX PRIVATE LIMITED	Director	02/09/2009	02/09/2009	22/03/2011	Active	NO
22	U70200WB2008PTC126792	SHYAM ORES(JHARKHAND) PRIVATE LIMITED	Director	02/09/2009	02/09/2009	-	Active	NO
23	U13100WB2008PTC129094	SHYAM MINMET PRIVATE LIMITED	Director	02/09/2009	02/09/2009	-	Active	NO
24	U51909WB1991PTC051070	ESKAY BUSINESS PVT. LTD.	Director	05/11/2009	05/11/2009	-	Active	NO
25	U25209WB2003PTC097164	SUNRISE PLASTICS (I) PRIVATE LIMITED	Director	20/05/2011	20/05/2011	-	Amalgamated	NO
26	U51109WB1995PTC067779	CRON GOODS & SUPPLY PVT.LTD.	Director	20/05/2011	20/05/2011	-	Amalgamated	NO
27	U74999WB2011PTC169366	EUREKA HYDRO POWER PRIVATE LIMITED	Director	14/11/2011	14/11/2011	-	Active	NO
28	U70102WB2011PTC169362	BRITASIA HYDRO POWER PRIVATE LIMITED	Director	14/11/2011	14/11/2011	-	Active	NO

Name :

Mr. Sanjay Agarwal

Designation :

Director

Address :

CA – 54, Sector – I, Salt Lake City, Kolkata – 700064, West Bengal, India

Date of Birth/Age :

27.03.1976

Date of Appointment :

11.12.2002

DIN No.:

00232938

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	U27109WB1991PLC052962	SHYAM SEL AND POWER LIMITED	Additional director	14/07/2014	04/08/2001	-	Active	NO
2	U51109WB1994PTC064130	CONVENTARY COMMODEAL PVT.LTD.	Director	16/11/2001	16/11/2001	12/02/2011	Active	NO
3	U40102WB2002PLC094303	SHYAM ENERGY LIMITED	Director	28/02/2002	28/02/2002	-	Active	NO
4	U51109WB1994PTC063946	PONNI TREXIM PVT. LTD.	Director	18/07/2002	18/07/2002	-	Active	NO
5	U40101WB2002PLC095491	SHYAM METALICS AND ENERGY LIMITED	Director	11/12/2002	11/12/2002	-	Active	NO
6	U51909WB1995PTC073411	KECONS TRADECARE PVT.LTD.	Director	31/12/2003	31/12/2003	-	Active	NO
7	U27109WB1995PLC071548	SHYAM FERRO ALLOYS LTD.	Director	25/07/2004	25/07/2004	-	Active	NO
8	U45400WB2007PTC115153	IMPROVED REALTORS PRIVATE LIMITED	Director	29/09/2007	29/09/2007	-	Active	NO
9	U40105OR2007PLC009567	Kalinga Energy & Power Limited	Director	04/10/2007	04/10/2007	-	Active	NO
10	U02005WB1995PTC073522	ESSEL PLYWOOD PVT LTD	Director	07/11/2007	07/11/2007	24/02/2011	Active	NO
11	U51109WB2007PTC112997	SAWAGATAM SUPPLY PRIVATE LIMITED	Additional director	01/12/2007	01/12/2007	-	Strike off	NO
12	U51109WB2007PTC112940	NAVRATAN DEALER PRIVATE LIMITED	Additional director	01/12/2007	01/12/2007	-	Strike off	NO
13	U45400WB2007PLC116306	SHYAM EMCO INFRASTRUCTURE LIMITED.	Director	01/12/2007	01/12/2007	-	Active	NO
14	U27310WB2007PLC116194	SHYAM CENTURY METALLIC LIMITED	Director	01/12/2007	01/12/2007	-	Active	NO
15	U40104WB2007PLC116195	NE Hills Hydro Limited	Director	01/12/2007	01/12/2007	-	Active	NO
16	U26941WB2008PLC123169	STAR CEMENT BENGAL LIMITED	Director	27/02/2008	27/02/2008	-	Strike off	NO
17	U70200WB2008PTC126432	SWARNREKHA ABASAN PRIVATE LIMITED	Director	09/06/2008	09/06/2008	18/08/2012	Active	NO
18	U70100WB2008PTC126430	GUMLA ALUMINIUM PRIVATE LIMITED	Director	09/06/2008	09/06/2008	12/02/2011	Active	NO
19	U70200WB2008PTC126484	DAMODAR ALUMINIUM PRIVATE LIMITED	Director	10/06/2008	10/06/2008	22/03/2011	Active	NO
20	U70200WB2008PTC127602	SUNGLOW COMPLEX PRIVATE LIMITED	Director	17/07/2008	17/07/2008	21/03/2011	Active	NO
21	U93030DL2007PTC164762	ZENITH COPPER MINES PRIVATE LIMITED	Director	30/09/2008	08/08/2008	-	Active	NO
22	U13203DL2007PTC164764	YP MULTI MINERALS PRIVATE LIMITED	Director	30/09/2008	08/08/2008	-	Active	NO
23	U70200WB2008PTC129093	PLATINUM MINMET PRIVATE LIMITED	Director	05/09/2008	05/09/2008	21/05/2011	Active	NO
24	U74140WB2008PTC129092	SHYAM BUSINESS SOLUTIONS PRIVATE LIMITED	Director	05/09/2008	05/09/2008	-	Active	NO
25	U45201OR2008PLC010323	KALINGA INFRA-PROJECTS LIMITED	Director	16/09/2008	16/09/2008	-	Active	NO
26	U51109WB1995PTC068663	SREE PANCHAMI CONSULTANTS PVT.LTD.	Director	15/06/2009	15/06/2009	-	Amalgamated	NO
27	U51109WB1995PTC069472	SHAILY SALES & SERVICES PVT LTD	Director	15/06/2009	15/06/2009	-	Active	NO
28	U40106WB2008PTC126637	SHYAM SOLAR APPLIANCE PRIVATE LIMITED	Director	02/09/2009	02/09/2009	-	Active	NO
29	U51420WB2005PTC101287	VEDANSH MINERAL & METALS PRIVATE LIMITED	Additional director	14/06/2010	14/06/2010	28/07/2012	Active	NO
30	U65922WB1992PTC054891	KALPATARU HOUSEFIN & TRADING PVT LTD	Director	22/02/2011	22/02/2011	-	Active	NO
31	U40101WB2011PTC167354	UTTAR PURVA HYDROPOWER PRIVATE LIMITED	Director	08/09/2011	08/09/2011	-	Active	NO
32	U70109WB2011PTC168115	SHYAM IT PARK DEVEPOLERS PRIVATE LIMITED	Director	26/09/2011	26/09/2011	-	Active	NO
33	U70102WB2011PTC169370	SINDBAD HYDRO POWER PRIVATE LIMITED	Director	14/11/2011	14/11/2011	-	Active	NO
34	U74999WB2011PTC169369	RENAISSANCE HYDRO POWER PRIVATE LIMITED	Director	14/11/2011	14/11/2011	-	Active	NO
35	U74999WB2011PTC169367	GOODLIFE HYDRO POWER PRIVATE LIMITED	Director	14/11/2011	14/11/2011	-	Active	NO
36	U40108ML2002PLC006921	MEGHALAYA POWER LIMITED	Managing director	01/12/2013	01/11/2013	-	Active	NO

Name :

Mr. Dev Kumar Tiwari

Designation :

Director

Address :

Saraswati Vihar, Ambika Nagar, P.O Ainthapali, Sambalpur – 768004, Orissa, India

Date of Birth/Age :

01.01.1971

Date of Appointment :

10.04.2009

PAN No.:

ADKPT0309E

DIN No.:

02432511

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	U51109WB1994PTC061987	TOPLIGHT MERCHANTILES PVT.LTD.	Director	15/12/2003	15/12/2003	14/12/2009	Active	NO
2	U65999WB1982PLC035581	ELDORADO (INDIA) LIMITED	Director	05/02/2004	05/02/2004	-	Active	NO
3	U45201WB1996PTC078149	SHYAM CENTURY MULTI PROJECTS PVT. LTD.	Director	15/04/2004	15/04/2004	14/12/2009	Active	NO
4	U40101WB2002PLC095491	SHYAM METALICS AND ENERGY LIMITED	Additional director	10/04/2009	10/04/2009	-	Active	NO
5	U45400WB2007PTC116163	EUREKA COMPLEX PRIVATE LIMITED	Director	08/10/2010	08/10/2010	31/01/2011	Active	NO
6	U45400WB2009PTC135040	SHYAM GREENFIELD DEVELOPER PRIVATE LIMITED	Director	20/10/2010	20/10/2010	-	Active	NO
7	U51909WB1996PTC076966	SUBHLABH COMMERCIALS PVT LTD	Director	22/03/2011	22/03/2011	-	Active	NO

Name :

Mr. Bhagwan Shaw

Designation :

Director

Address :

Tapoban, Block – H, 31, L B L Township, Kolkata – 700081, West Bengal, India

Date of Birth/Age :

20.01.1973

Date of Appointment :

07.03.2013

DIN No.:

03419298

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	U70100WB2008PTC126430	GUMLA ALUMINIUM PRIVATE LIMITED	Director	22/03/2011	22/03/2011	-	Active	NO
2	U40101WB2002PLC095491	SHYAM METALICS AND ENERGY LIMITED	Director	07/03/2013	07/03/2013	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Vikas Jain
Designation :	Finance Head

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2013

Names of Shareholders	No. of Shares
Gulmohar Complex Private Limited, India	272000
Nandlal Tie-Up Private Limited, India	272000
Gulmohar Complex Private Limited, India	182000
Nandlal Tie-Up Private Limited, India	818500
Bajrang Lal Agarwal	500
Mahabir Prasad Agarwal	500
Brij Bhushan Agarwal	3980500
Subham Capital Private Limited	6736367
Eskay Business (Private) Limited, India	476000
Conventary Commodeal (Private) Limited, India	770000
Narantak Dealcomm Limited	763000
Dorite Tracon (Private) Limited, India	1320000
Ponni Trexim Private Limited	1704500
Shaily Sales And Services Private Limited, India	1109500
Kalpataru House Fin. And Trading Private Limited, India	727000
Sanjay Kumar Agarwal	1500
Mittu Agarwal	500
Pitamber Commercial Company Private Limited, India	4813000
Subham Buildwell Private Limited, India	14519450
Total	38466817

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2013

Category	Percentage
Bodies corporate	89.64
Directors or relatives of Directors	10.36
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer sponge iron, billets, thermo-mechanically treated steel bars, and ferroalloys.

Products / Services :

Item Code No.	Product Description
72021900	Ferro Manganese
72141090	TMT Bars
72071920	Billets
72031000	Sponge Iron

Exports :

Products :

Finished Goods

Countries :

· Korea

· Taiwan

· Nepal

Imports :

Products :

Raw Material

Countries :

· Australia

· South Africa

· China

Terms :

Selling :

L/C, Cash and Credit

Purchasing :

L/C, Cash and Credit

GENERAL INFORMATION

Customers :

· Wholesalers

· Retailers

· End Users

No. of Employees :

2000 (Approximately)

Bankers :

· ABN Amro Bank N.V.DLF Centre, Sansad Marg, New Dlehi - 110001, West Bengal, India

· Union Bank of India, Industrial Finance Branch, 1/1, Camac Street, 1st Floor, Kolkata - 700016, West Bengal, India

· HDFC Bank Limited, HDFC Bank Housesenapati Bapat Marg, Lower Parel West, Mumbai - 400013, Maharashtra, India

· State Bank of India, Commercial Branch, Kolkata, 24, Park Street, Kolkata - 700016, West Bengal, India

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

Facilities :

Secured Loan	31.03.2013 (Rs. in Millions)	31.03.2012 (Rs. in Millions)
Long-term Borrowings
Rupee term loans from banks	402.474	590.254
Foreign currency term loans from banks	2594.912	2630.334
Long-term maturities of finance lease obligations	0.248	2.077
Short-term borrowings
Loans repayable on demand from banks	752.711	44.718
Other loans and advances, others	655.957	627.942
Working capital loans from banks	678.083	646.603
Total	5084.385	4541.928

Banking Relations :
Auditors :
Name :	S.K .Patodi and Company Chartered Accountants
Address :	8 / 1 B, Chowringhee Lane, 4^TH Floor , Kolkata-700016, West Bengal, India
PAN N Income-tax PAN of auditor or auditor's firm :	ACCFS1217P
Subsidiary Company:	· Shyam Minimet Africa Private Limited
Joint Venture Company:	· MJSJ Coal Limited, India [U10200OR2008GOI010250]
Associate Company:	· Subhlabh Commercial Private Limited, India [U51909WB1996PTC076966] · Shyam Sel and Power Limited · Avam Trades and Services Private Limited, India [U51109WB1991PTC051255] · Vedansh Mineral and Metals Private Limited · Meghana Vyapar Private Limited, India [U51909WB1995PTC075497]
Enterprise over which key management personnel and/or their relatives have significant influence:	· Conventary Commdeal Private Limited, India [U51109WB1994PTC064130] · Dorite Tracon Private Limited, India [U51909WB1995PTC070771] · Kalinga Energy and Power Limited, India [U40105OR2007PLC009567] · Kalinga Infra-Projects Limited, India [U45201OR2008PLC010323] · Shyam Energy Limited, India [U40102WB2002PLC094303] · Shyam Solar Appliances Private Limited, India [U40106WB2008PTC126637] · Inforev Software Private Limited, India [U72900WB2004PTC099459] · Narantak Dealcomm Limited, India [U67120WB1994PLC064811] · Puri Port Limited · Shaily Sales and Services Private Limited, India [U51109WB1995PTC069472] · Subham Buildwel Private Limited, India [U70101WB2007PTC117530] · Shyam Ferro Alloys Limited, India [U27109WB1995PLC071548] · Eskay Business Private Limited · Toplight Mercantile Private Limited · Ponni Trexim Private Limited, India [U51109WB1994PTC063946] · Shyam Emco Infrastructure Limited · Subham Capital Private Limited, India [U51909WB1994PTC066014] · Shyam Century Cement Industries Limited · Kalpataru Housefin Private Limited · Essel Plywood Private Limited · Shyam Business Solution Private Limited · Shyam Greenfield Developers Private Limited · Swarnrekha Energy and Steel Private Limited · Whispering Developers Private Limited · Gandhini Housing Private Limited · Gumla Alumunium Private Limited · Shyam Century Multi Projects Limited · Sindbad Hydro Power Private Limited · Eureka Hydro Power Private Limited · Goodlife Hydro Power Private Limited · Britasia Hydro Power Private Limited · Renaissance Hydro Power Private Limited

CAPITAL STRUCTURE

AFTER 30.09.2013

Authorised Capital : Rs. 637.500 Millions

Issued, Subscribed & Paid-up Capital : Rs. 417.652 Millions

As on 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
63750000	Equity Shares	Rs.10/- each	Rs. 637.500 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
38466817	Equity Shares	Rs.10/- each	Rs. 384.668 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	384.668	338.443	316.443
(b) Reserves & Surplus	4467.958	3740.212	3240.481
(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)	4852.626	4078.655	3556.924
(3) Non-Current Liabilities
(a) long-term borrowings	2997.634	3222.665	2111.441
(b) Deferred tax liabilities (Net)	227.037	142.543	103.215
(c) Other long term liabilities	365.122	79.809	13.098
(d) long-term provisions	8.521	8.670	6.090
Total Non-current Liabilities (3)	3598.314	3453.687	2233.844
(4) Current Liabilities
(a) Short term borrowings	2086.751	1319.263	1586.041
(b) Trade payables	608.925	539.192	539.004
(c) Other current liabilities	1287.014	1084.240	836.546
(d) Short-term provisions	50.094	60.682	15.625
Total Current Liabilities (4)	4032.784	3003.377	2977.216
TOTAL	12483.724	10535.719	8767.984
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	5624.817	4100.586	3408.645
(ii) Intangible Assets	0.080	0.127	0.009
(iii) Capital work-in-progress	1102.586	1315.784	872.100
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	567.149	544.855	517.618
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	335.651	458.479	389.907
(e) Other Non-current assets	0.115	16.985	1.406
Total Non-Current Assets	7630.398	6436.816	5189.685
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	2112.554	1882.092	1806.992
(c) Trade receivables	832.344	757.355	895.982
(d) Cash and cash equivalents	604.763	326.679	160.219
(e) Short-term loans and advances	1266.953	1077.216	700.232
(f) Other current assets	36.712	55.561	14.874
Total Current Assets	4853.326	4098.903	3578.299
TOTAL	12483.724	10535.719	8767.984

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2013	31.03.2012	31.03.2011
	SALES
	Income	7328.088	6779.633	4974.639
	Other Income	161.337	82.744	110.815
	TOTAL (A)	7489.425	6862.377	5085.454
Less	EXPENSES
	Cost of Materials Consumed	5187.664	4736.882	3426.934
	Purchases of Stock-in-Trade	71.807	175.287	234.885
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	1.360	(129.286)	(283.546)
	Employees benefits expense	190.226	188.465	172.941
	Other expenses	603.767	722.050	489.111
	TOTAL (B)	6054.824	5693.398	4040.325
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	1434.601	1168.979	1045.129
Less	FINANCIAL EXPENSES (D)	396.013	312.772	253.375
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	1038.588	856.207	791.754
Less/ Add	DEPRECIATION/ AMORTISATION (F)	664.901	514.385	353.866
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	373.687	341.822	437.888
Less	TAX (I)	108.192	40.090	20.317
	PROFIT/ (LOSS) AFTER TAX (G-I) (J)	265.495	301.732	417.571
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD	1830.624	1528.892	1111.321
	Balance Carried to the B/S	2096.119	1830.624	1528.892
	Earnings / (Loss) Per Share (Rs.)	7.42	9.53	13.20

Particulars	31.03.2014
Sales Turnover (Approximately)	11000.000

Expected Sales (2014-2015) : Rs.14000.000 Millions

The above information has been parted by Mr. Vikas Jain (Finance Head)

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	3.54	4.40	8.21
Net Profit Margin (PBT/Sales)	(%)	5.10	5.04	8.80
Return on Total Assets (PBT/Total Assets}	(%)	3.46	3.94	5.93
Return on Investment (ROI) (PBT/Networth)		0.08	0.08	0.12
Debt Equity Ratio (Total Debt /Networth)		1.05	1.11	1.04
Current Ratio (Current Asset/Current Liability)		1.20	1.36	1.20

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	316.443	338.443	384.668
Reserves & Surplus	3240.481	3740.212	4467.958
Net worth	3556.924	4078.655	4852.626
long-term borrowings	2111.441	3222.665	2997.634
Short term borrowings	1586.041	1319.263	2086.751
Total borrowings	3697.482	4541.928	5084.385
Debt/Equity ratio	1.040	1.114	1.048

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	4974.639	6779.633	7328.088
		36.284	8.090

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	4974.639	6779.633	7328.088
Profit	417.571	301.732	265.495
	8.39%	4.45%	3.62%

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	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last four years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	--
14]	Estimation for coming financial year	Yes
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	Yes
20]	Export / Import details (if applicable)	Yes
21]	Market information	--
22]	Litigations that the firm / promoter involved in	--
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	--
26]	Buyer visit details	--
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10494689	28/02/2014	1,952,600,000.00	STATE BANK OF INDIA	COMMERCIAL BRANCH, KOLKATA, 24, PARK STREET, KOLKATA, WEST BENGAL - 700016, INDIA	C04538237
2	10469342	20/12/2013	750,000,000.00	UNION BANK OF INDIA	INDUSTRIAL FINANCE BRANCH, 1/1, CAMAC STREET, 1STFLOOR, KOLKATA, WEST BENGAL - 700016, INDIA	B93206126
3	10448154	21/08/2013	320,000,000.00	UNION BANK OF INDIA	INDUSTRIAL FINANCE BRANCH, 1/1, CAMAC STREET, 1STFLOOR, KOLKATA, WEST BENGAL - 700016, INDIA	B84620996
4	10443455	16/08/2013	1,350,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA	B82307935
5	10393788	27/09/2013 *	4,457,000,000.00	STATE BANK OF INDIA (LEAD BANK)	COMMERCIAL BRANCH, KOLKATA, 24, PARK STREET, KOLKATA, WEST BENGAL - 700016, INDIA	B86428091
6	10389344	27/11/2012	250,000,000.00	ICICI BANK LIMITED	LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJ ARAT - 390015, INDIA	B63104152
7	10389888	06/11/2012	1,140,000,000.00	AXIS BANK LIMITED	CORPORATE BANKING BRANCH (CBB),,1, SHAKESPEARE SARANI, AC MARKET, 3RD FLOOR, KOLKATA, WEST BENGAL - 700071, INDIA	B63285589
8	10378945	24/09/2012	825,000,000.00	DBS BANK LTD.	4A, NANDLAL BASU SARANI, KOLKATA, WEST BENGAL - 700071, INDIA	B59052225
9	10382297	27/07/2013 *	290,000,000.00	AXIS BANK LIMITED	CORPORATE BANKING BRANCH (CBB),, 1, SHAKESPEARE S ARANI, AC MARKET, 3RD FLOOR,, KOLKATA, WEST BENGAL- 700071, INDIA	B82167511
10	10373264	06/07/2012	250,000,000.00	ICICI BANK LIMITED	LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA	B56686868

* Date of charge modification

FIXED ASSETS

Tangible assets

· Land

· Buildings

· Plant and equipment

· Furniture and fixtures

· Motor vehicles

· Office equipment

· Other equipments

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 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.60.87
UK Pound	1	Rs.99.63
Euro	1	Rs.78.22

INFORMATION DETAILS

Information Gathered by :	PRT
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	5
--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	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		50

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.