MIRA INFORM REPORT

Report No. :	316832
Report Date :	10.04.2015

IDENTIFICATION DETAILS

Name :	K.B.ROLLING MILLS PRIVATE LIMITED
Registered Office :	Flat No. 313, 3rd Floor, Survey No.94, VSS Nandadeep,Petbasheerabad (V), Quthbullapur (M), Ranga Reddy – 500067, Telangana
Tel. No.:	91-40-27230426
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	08.12.1986
Com. Reg. No.:	36-006995
Capital Investment / Paid-up Capital :	Rs. 55.600 Million
CIN No.: [Company Identification No.]	U27200TG1986PTC006995
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	Not Available
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer, Exporter and Importer of Ferrous and non-ferrous.
No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

B (32)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 360000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. The company has reported low profitability in financial year 2013-2014. However, trade relations are fair. Business is active. Payment terms are reported to be slow but correct. The company can be considered for business dealings with some caution.

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 – December 31, 2014

Country Name	Previous Rating (30.09.2014)	Current Rating (31.12.2014)
India	A1	A1

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

EXTERNAL AGENCY RATING

Rating Agency Name	Not Available
Rating	Not Available
Rating Explanation	Not Available
Date	Not Available

RBI DEFAULTERS’ LIST STATUS

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

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

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

INFORMATION DECLINED BY

Name :	Mr. Bikash Kumar Kedia
Designation :	Director
Contact No.:	91-40-27230426
Date :	09.04.2015

LOCATIONS

Registered Office :	Flat No. 313, 3rd Floor, Survey No.94, VSS Nandadeep,Petbasheerabad (V), Quthbullapur (M), Ranga Reddy – 500067, Telangana, India
Tel. No.:	91-40-27230426
Fax No.:	Not Available
E-Mail :	kbrollingmills@yahoo.co.in
Factory:	Muppireddypally Village, Toopran Mandal, Telangana, India

DIRECTORS

As on 29.09.2014

Name :

Ms. Asha Kedia

Designation :

Director

Address :

Flat No. 301, Jyothi Homes. Plot No. 60, 8-3-1075, Srinagar Colony, Hyderabad – 500073, Telangana, India

Date of Birth/Age :

17.04.1973

Date of Appointment :

02.05.2003

DIN No.:

00310210

Name :

Ms. Jaya Kedia

Designation :

Director

Address :

Flat No. 301, Jyothi Homes. Plot No. 60, 8-3-1075, Srinagar Colony, Hyderabad – 500073, Telangana, India

Date of Birth/Age :

05.10.1978

Date of Appointment :

21.07.1998

DIN No.:

00824441

Name :

Mr. Bikash Kumar Kedia

Designation :

Director

Address :

Flat No. 301, Jyothi Homes. Plot No. 60, 8-3-1075, Srinagar Colony, Hyderabad – 500073, Telangana, India

Date of Birth/Age :

10.03.1976

Date of Appointment :

01.01.1998

DIN No.:

00824465

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	U27200TG1986PTC006995	K.B.ROLLING MILLS PRIVATE LIMITED	Director	01-01-98	01-01-98	-	Active	NO
2	U15209TG2004PTC043149	MAHALAKSHMI ALLOYS AND METALS PRIVATE LIMITED	Director	21-02-05	21-02-05	-	Active	NO
3	U27310TG2009PTC062859	MSB FINANCE AND INVESTMENTS PRIVATE LIMITED	Director	24-02-09	24-02-09	-	Active	NO
4	U70101WB2006PTC111972	ADARSH REAL ESTATE PRIVATE LIMITED	Additional director	16-01-12	16-01-12	11-03-15	Active	NO

Name :

Mr. Subhash Kumar Kedia

Designation :

Director

Address :

Flat No. 301, Jyothi Homes. Plot No. 60, 8-3-1075, Srinagar Colony, Hyderabad – 500073, Telangana, India

Date of Birth/Age :

18.06.1973

Date of Appointment :

01.03.1993

DIN No.:

00824491

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	U27200TG1986PTC006995	K.B.ROLLING MILLS PRIVATE LIMITED	Director	01-03-93	01-03-93	-	Active	NO
2	U15209TG2004PTC043149	MAHALAKSHMI ALLOYS AND METALS PRIVATE LIMITED	Director	21-02-05	21-02-05	-	Active	NO
3	U15122TG2008PTC061256	MAMPL MINERAL & METALS PRIVATE LIMITED	Director	30-09-08	30-09-08	-	Active	NO
4	U27310TG2009PTC062859	MSB FINANCE AND INVESTMENTS PRIVATE LIMITED	Director	24-02-09	24-02-09	-	Active	NO
5	U70101WB2006PTC111972	ADARSH REAL ESTATE PRIVATE LIMITED	Additional director	16-01-12	16-01-12	11-03-15	Active	NO
6	U23201WB1969PTC027581	CAMAC AUTO SERVICE PVT LTD	Director	07-12-13	07-12-13	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 29.09.2014

Names of Shareholders	No. of Shares	%age holding
Usha Devi Kedia	34860	6.27
Manoharlal Kedia (HUF)	1400	0.25
Bikashh Kumar Kedia (HUF)	1210	0.22
Bikashh Kumar Kedia	12530	2.25
Subhashh Kumar Kedia	10000	1.80
Asha Kedia	190000	34.17
Jaya Kedia	190000	34.17
MSB Finance and Investments Private Limited, India	116000	20.86
Total	556000	100.00

Equity Share Break up (Percentage of Total Equity)

As on 29.09.2014

Category	Percentage
Bodies corporate	20.86
Directors or relatives of Directors	79.14
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer, Exporter and Importer of Ferrous and non-ferrous.
Products :	Ferrous and non-ferrous
Brand Names :	Not Divulged
Agencies Held :	Not Divulged
Exports :	Not Divulged
Imports :	Not Divulged
Terms :	Not Divulged

PRODUCTION STATUS NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

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

Customers :

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

No. of Employees :

Information declined by the management

Bankers :

ING Vysya Bank Limited, 1-7-1,T.Subbarami Reddy Complex, Sardar Patel Road,, Secunderabad - 500003, Andhra Pradesh, India

Facilities :

Secured Loan	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Short-term borrowings
Other loans and advances, others	53.115	36.618
Total	53.115	36.618

Banking Relations :	--
Auditors :
Name :	Dagliya and Company Chartered Accountants
Address :	2nd Floor, Srinivasa Building, Ranigunj, Secunderabad – 500003, Telangana, India
Tel No.:	91-40-27713308/27712769
Fax No.:	91-40-27713488
Email:	dagliya@gmail.com
PAN N Income-tax PAN of auditor or auditor's firm :	AAAFD6954E
Memberships :	--
Collaborators :	--
Associates:	Mahalakshmi Alloys and Metals Private Limited, India [U15209TG2004PTC043149]

CAPITAL STRUCTURE

As on 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
600000	Equity Shares	Rs.100/- each	Rs. 60.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
556000	Equity Shares	Rs.100/- each	Rs. 55.600 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014	31.03.2013	31.03.2012
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	55.600	46.750	46.750
(b) Reserves & Surplus	70.831	58.719	56.906
(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)	126.431	105.469	103.656
(3) Non-Current Liabilities
(a) long-term borrowings	10.066	69.154	28.296
(b) Deferred tax liabilities (Net)	0.594	0.752	0.967
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	0.495	0.397	0.341
Total Non-current Liabilities (3)	11.155	70.303	29.604
(4) Current Liabilities
(a) Short term borrowings	53.115	36.618	0.000
(b) Trade payables	9.244	13.315	2.829
(c) Other current liabilities	18.446	17.674	16.596
(d) Short-term provisions	0.000	0.000	0.000
Total Current Liabilities (4)	80.805	67.607	19.425
TOTAL	218.391	243.379	152.685
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	36.243	38.636	41.993
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	23.213	3.181	3.181
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	23.346	26.109	20.878
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	82.802	67.926	66.052
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	80.730	84.051	52.303
(c) Trade receivables	32.091	67.107	14.324
(d) Cash and cash equivalents	1.189	2.501	8.576
(e) Short-term loans and advances	21.579	21.794	11.430
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	135.589	175.453	86.633
TOTAL	218.391	243.379	152.685

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Turnover	414.052	516.955	535.003
	Other Income	NA	NA	NA
	TOTAL	NA	NA	NA
Less	EXPENSES	NA	NA	NA
Less	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND PRELIMINARY EXPENSES	7.674	9.515	15.239
Less	DEPRECIATION/ AMORTISATION	6.101	6.872	7.594
	PROFIT / (LOSS) BEFORE TAX, PRELIMINARY EXPENSES AND DEPRECIATION	1.573	2.643	7.645
Less/ Add	PRELIMINARY EXPENSES	0.020	0.007	0.059
	PROFIT/ (LOSS) BEFORE TAX	1.553	2.636	7.586
Less	TAX	0.592	0.823	2.365
	PROFIT/ (LOSS) AFTER TAX	0.961	1.813	5.221
	Earnings / (Loss) Per Share (Rs.)	1.73	NA	NA

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Return on Total Assets (PBT/Total Assets}	(%)	0.80	1.10	5.07
Return on Investment (ROI) (PBT/Networth)		0.01	0.02	0.07
Debt Equity Ratio (Total Debt /Networth)		0.50	1.00	0.27
Current Ratio (Current Asset/Current Liability)		1.68	2.60	4.46

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	46.750	46.750	55.600
Reserves & Surplus	56.906	58.719	70.831
Net worth	103.656	105.469	126.431
long-term borrowings	28.296	69.154	10.066
Short term borrowings	0.000	36.618	53.115
Total borrowings	28.296	105.772	63.181
Debt/Equity ratio	0.273	1.003	0.500

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Turnover	535.003	516.955	414.052
		(3.373)	(19.906)

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Turnover	535.003	516.955	414.052
Profit	5.221	1.813	0.961
	0.98%	0.35%	0.23%

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	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

NOTE: Registered office of the company has been shifted from Flat No. 301, Jyothi Homes, Plot No. 60, Srinagar Colony, Hyderabad – 500073, Telangana, India to the present address w.e.f. 1.12.2013

UNSECURED LOAN

PARTICULARS	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Long-term Borrowings
Loans and advances from directors	0.915	1.349
Loans and advances from others	2.752	2.316
Intercorporate deposits	6.399	65.489
Total	10.066	69.154

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10078896	30/10/2007	20,000,000.00	ING VYSYA BANK LIMITED	1-7-1 T.SUBBARAMI REDDY COMPLEX, SARDAR PATEL ROAD, SECUNDERABAD, ANDHRA PRADESH - 500003, INDIA	A28070647
2	90260291	16/09/2005	17,500,000.00	BANK OF INDIA	S.R. NAGAR, HYDERABAD, ANDHRA PRADESH, INDIA	-
3	90259115	23/05/2005	4,000,000.00	THE VYSYA BANK LTD.	SARDAR PATEL ROAD, SECUNDERABAD, ANDHRA PRADESH - 500003, INDIA	-
4	90259745	27/02/1997	7,500,000.00	THE VYSYA BANK LTD.	SARDAR PATEL ROAD, S.P. ROAD, SECUNDERABAD, ANDHRA PRADESH - 500003, INDIA	-
5	90258115	28/09/1995	5,000,000.00	THE VYSYA BANK LTD.	SARDAR PATEL ROAD, SECUNDERABAD, ANDHRA PRADESH, INDIA	-
6	90259474	11/03/2014 *	65,000,000.00	ING VYSYA BANK LIMITED	1-7-1,T.SUBBARAMI REDDYCOMPLEX,, SARDAR PATEL ROA D,, SECUNDERABAD, TELANGANA - 500003, INDIA	C05870985
7	90259473	04/12/1988	2,550,000.00	THE VYSYA BANK LTD.	SARDAR PATEL ROAD, SECUNDERABAD, ANDHRA PRADESH, INDIA	-
8	90259455	19/03/1988	2,100,000.00	THE VYSYA BANK LTD.	SARDAR PATEL ROAD, SECUNDERABAD, ANDHRA PRADESH, INDIA	-
9	90257325	04/10/1988 *	2,100,000.00	THE VYSYA BANK LTD.	SARDAR PATEL ROAD, SECUNDERABAD, ANDHRA PRADESH, INDIA	-

* Date of charge modification

FIXED ASSETS

Tangible assets

• Land
• Buildings
• Plant and equipment
• Furniture and fixtures
• Vehicles
• Computer equipments
• Other equipments

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

6] Records on Int’l Anti-Money Laundering Laws/Standards :

Charges or investigation registered against subject: None

7] Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

8] Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

9] Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

CONTRAVENTION

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.62.26
UK Pound	1	Rs.92.49
Euro	1	Rs.66.99

INFORMATION DETAILS

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

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILITY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	4
--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		32

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.