MIRA INFORM REPORT

Report No. :	318168
Report Date :	18.04.2015

IDENTIFICATION DETAILS

Name :	ASIAN COLOUR COATED ISPAT LIMITED

Registered Office :	405, Nirmal Tower, 26, Barakhamba Road, Connaught Place, New Delhi – 110001
Tel. No.:	91-124-4516200

Country :	India

Financials (as on) :	31.03.2014

Date of Incorporation :	02.02.2005

Com. Reg. No.:	55-132593

Capital Investment / Paid-up Capital :	Rs. 8807.763 Million

CIN No.: [Company Identification No.]	U27105DL2005PLC132593

IEC No.:	Not Available

TAN No.: [Tax Deduction & Collection Account No.]	DELA15625B

PAN No.: [Permanent Account No.]	AAFCA1873K

Legal Form :	A Closely Held Public Limited Liability Company

Line of Business :	Manufacturer of Galvanised and Pre-Painted Steel Products, Cold rollers, cold roller.

No. of Employees :	Information declined by the management.

RATING & COMMENTS

MIRA’s Rating :

B (29)

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

Status :	Moderate

Payment Behaviour :	Slow but correct

Litigation :	Clear

Comments :	Subject is an established company having moderate track record. Reserves of the company seems to be low during 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 cautions.

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

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

EXTERNAL AGENCY RATING

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 DENIED BY

Name :	Mr. S. S. Gupta / Mr. Mahinder
Designation :	Chief Finance Officer / Finance Manager
Contact No.:	91-124-4516200
Date :	17.04.2015

LOCATIONS

Registered Office :	405, Nirmal Tower, 26, Barakhamba Road, Connaught Place, New Delhi – 110001, India
Tel No.:	91-124-4516200
Fax No.:	Not Available
E-Mail :	accil.roc@gmail.com marketing@accil.info commercial@accil.info hrd@accil.info
Website :	http://www.accil.info
Location:	Owned

Corporate Office :	“ACCIL House”, 26P, Sector – 33, Gurgaon, Haryana, India
Tel. No.:	91-124-4516200
Fax No.:	91-124-2808050
E-Mail :	accil@accil.info

Factory :	7 -12, Sector – 6, Bawal, District : Rewari, Haryana, India
Tel. No.:	91-1284-264300/03
Fax No.:	91-1284-264298

Steel Plant :	Village Dahivali, Pen-Khopoli Road, Near Khalapur Toll Plaza, Mumbai Pune Express Hinghway, Taluka Khalapur, District – Raigad– 410203, Maharashtra, India

DIRECTORS

As on 30.09.2014

Name :

Mr. Vikas Aggarwal

Designation :

Mnagaing Director

Address :

1380, Sector 37, Faridabad-122001, Haryana, India

Date of Birth/Age :

14.05.1972

Date of Appointment :

01.08.2014

PAN No.:

AAHPA0815G

DIN No.:

00014631

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	U74899DL1992PTC050675	AGR STEEL STRIPS PRIVATE LIMITED	Director	08/02/2000	08/02/2000	-	Active	NO
2	U27105DL2005PLC132593	ASIAN COLOUR COATED ISPAT LIMITED	Managing director	01/08/2014	02/02/2005	-	Active	NO
3	U55101DL2003PLC121747	ACCIL HOSPITALITY LIMITED	Director	01/10/2008	01/10/2008	-	Active	NO
4	U45201DL2006PTC146895	EXPERT TOWNSHIP PRIVATE LIMITED	Director	29/09/2009	26/12/2008	-	Active	NO
5	U93030DL2008PTC185351	MOKSH LOGISTICS PRIVATE LIMITED	Additional director	10/07/2009	10/07/2009	-	Amalgamated	NO
6	U52300DL2008PTC185408	JAIVEER TRADE LINKS PRIVATE LIMITED	Director	25/09/2009	10/07/2009	-	Amalgamated	NO
7	U93000DL2009PTC196542	PARSHAVNATH MEDIA PRIVATE LIMITED	Additional director	15/03/2010	15/03/2010	-	Active	NO
8	U27100DL2010PTC203808	ACCIL ISPAT AND POWER Private Limited	Director	08/06/2010	08/06/2010	-	Active	NO
9	U74140DL2008PTC181877	NILE COMMERCIAL CONSULTANTS PRIVATE LIMITED	Additional director	14/07/2010	14/07/2010	-	Amalgamated	NO
10	U74140DL2008PTC181924	U and I CONSULTANTS PRIVATE LIMITED	Additional director	16/07/2010	16/07/2010	-	Amalgamated	NO
11	U17121DL2008PTC181697	FUN VISION FABRIC PRIVATE LIMITED	Additional director	16/07/2010	16/07/2010	-	Amalgamated	NO
12	U65999RJ1991PLC029752	ACCIL Corporation Limited	Additional director	09/08/2010	09/08/2010	-	Active	NO
13	U72300DL2009PTC195777	KARNAK INFOTECH PRIVATE LIMITED	Additional director	10/08/2010	10/08/2010	-	Amalgamated	NO
14	U72900DL2009PTC195974	ORCHID INFO SOLUTION PRIVATE LIMITED	Additional director	10/08/2010	10/08/2010	25/08/2011	Active	NO
15	U55101HR2011PLC048720	ACCIL HOTELS AND RESORTS LIMITED	Managing director	01/04/2013	01/04/2011	-	Active	NO
16	U65191DL2009PTC195876	ADRENT ASSOCIATES PRIVATE LIMITED	Director	27/09/2011	05/08/2011	-	Amalgamated	NO
17	U65923DL2009PTC195788	ORCHID ASSOCIATES PRIVATE LIMITED	Director	27/09/2011	05/08/2011	-	Amalgamated	NO
18	U70102DL2009PTC191138	RHONE ASSOCIATES PRIVATE LIMITED	Director	27/09/2011	05/08/2011	-	Active	NO
19	U72300DL2009PTC196040	SAKURA INFO SOLUTION PRIVATE LIMITED	Director	29/09/2011	05/08/2011	-	Amalgamated	NO
20	U55101DL2011PTC224155	ACCIL International Tourism Private Limited	Director	25/08/2011	25/08/2011	-	Active	NO
21	U45201DL2005PTC134485	NAYMAL REALTORS PRIVATE LIMITED	Director	27/09/2012	15/10/2011	-	Active	NO
22	U72200DL2005PTC142789	B.N. Computers Private Limited	Director	30/09/2013	01/12/2011	-	Active	NO
23	U28999DL1975PTC007879	ACCIL Steels Private Limited	Director	25/09/2012	20/01/2012	-	Active	NO
24	U27100DL2012PTC243396	ACCIL AUTO STEELS PRIVATE LIMITED	Director	09/10/2012	09/10/2012	-	Active	NO
25	U27100DL2012PTC243442	ACCIL STEEL AND TUBES PRIVATE LIMITED	Director	10/10/2012	10/10/2012	-	Active	NO
26	U32204DL2008PTC185252	PROACTIVE TELECOMMUNICATIONS PRIVATE LIMITED	Director	11/06/2013	29/04/2013	-	Amalgamated	NO
27	U45400DL2008PTC182957	SANCHI INFRATECH PRIVATE LIMITED	Director	11/06/2013	29/04/2013	-	Amalgamated	NO
28	U72900DL2008PTC185411	UJVAL NETWORKS PRIVATE LIMITED	Director	11/06/2013	29/04/2013	-	Amalgamated	NO
29	U52100DL2007PTC168613	TTJ IMPEX PRIVATE LIMITED	Director	07/09/2013	01/07/2013	-	Active	NO
30	U45400DL2008PTC185539	VATSAL INFRAPROJECTS PRIVATE LIMITED	Director	13/09/2013	01/07/2013	-	Active	NO
31	U45400DL2012PTC237513	WONDER INFRABUILD PRIVATE LIMITED	Director	16/09/2013	01/07/2013	-	Active	NO
32	U74140DL2003PTC120093	BAVIN CONSULTANTS PRIVATE LIMITED	Director	30/09/2014	08/07/2013	-	Active	NO
33	U01111DL2008PTC175963	VIABLE AGRO FOOD PRODUCTS PRIVATE LIMITED	Director	30/09/2014	08/07/2013	-	Active	NO
34	U45300DL1987PTC027462	SPLENDOR CONSTRUCTIONS PRIVATE LIMTIED	Director	30/09/2014	26/07/2013	-	Active	NO
35	U45201DL2006PTC148017	Goddard Builders and Constructions Private limited	Director	23/09/2013	23/08/2013	-	Active	NO
36	U74140HR2003PLC050424	CLUBSEVEN CONSULTANTS LIMITED	Director	24/09/2014	02/09/2013	-	Active	NO
37	U74999DL2013PTC262684	KING ENGINEERS PRIVATE LIMITED	Additional director	02/01/2015	02/01/2015	-	Active	NO
38	U70101DL2014PTC265169	ARUDHARA INFRAPROJECTS PRIVATE LIMITED	Additional director	03/01/2015	03/01/2015	-	Active	NO
39	U74999DL2014PTC265059	DHANVAN INDUSTRIES PRIVATE LIMITED	Additional director	03/01/2015	03/01/2015	-	Active	NO
40	U70109DL2013PTC262672	BIG INFRAPROJECTS PRIVATE LIMITED	Additional director	03/01/2015	03/01/2015	-	Active	NO
41	U70109DL2013PTC262671	FIVE STAR INFRA AND PROJECTS PRIVATE LIMITED	Additional director	02/02/2015	02/02/2015	-	Active	NO
42	U74999DL2013PTC262706	RITE HEAVY MACHINES PRIVATE LIMITED	Additional director	02/02/2015	02/02/2015	-	Active	NO

Name :

Mr. Kamlesh Devi Aggarwal

Designation :

Director

Address :

1380, Sector 37, Faridabad-122001, Haryana, India

Date of Birth/Age :

01.07.1948

Date of Appointment :

28.09.2013

PAN No.:

ADRPA7342P

DIN No.:

00013105

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	U52332DL1997PTC085222	ACCIL STEEL PROCESSORS PRIVATE LIMITED	Director	25/09/2003	25/09/2003	-	Active	NO
2	U70109DL2006PTC154880	SHIVIJ INFRASTRUCTURE AND PROJECTS PRIVATE LIMITED	Additional director	18/08/2007	18/08/2007	05/10/2013	Active	NO
3	U45201DL2005PTC134485	NAYMAL REALTORS PRIVATE LIMITED	Additional director	30/03/2009	30/03/2009	05/10/2013	Active	NO
4	U74140DL2008PTC185622	CHIRANJIV COMMERCIAL CONSULTANTS PRIVATE LIMITED	Additional director	10/07/2009	10/07/2009	-	Amalgamated	NO
5	U74120DL2008PTC185348	AAGMAN TECHNO CONSULTANTS PRIVATE LIMITED	Additional director	10/07/2009	10/07/2009	-	Amalgamated	NO
6	U55101DL2003PLC121747	ACCIL HOSPITALITY LIMITED	Director	26/09/2013	30/11/2009	-	Active	NO
7	U70200DL2008PTC185516	LOCUS INFRASTRUCTURE PRIVATE LIMITED	Director	13/06/2013	14/07/2010	-	Active	NO
8	U45400DL2008PTC184950	MAHARAJA INFRATECH PRIVATE LIMITED	Additional director	15/07/2010	15/07/2010	-	Amalgamated	NO
9	U51397DL2008PTC185375	AAGMAN IMPEX PRIVATE LIMITED	Additional director	15/07/2010	15/07/2010	-	Amalgamated	NO
10	U27105DL2005PLC132593	ASIAN COLOUR COATED ISPAT LIMITED	Director	28/09/2013	10/01/2013	-	Active	NO
11	U65999RJ1991PLC029752	ACCIL Corporation Limited	Director	25/09/2013	10/01/2013	-	Active	NO
12	U28999DL1975PTC007879	ACCIL Steels Private Limited	Director	24/09/2013	11/01/2013	-	Active	NO
13	U27100DL2010PTC203808	ACCIL ISPAT AND POWER Private Limited	Director	24/09/2013	11/01/2013	-	Active	NO
14	U55101HR2011PLC048720	ACCIL HOTELS AND RESORTS LIMITED	Director	23/09/2013	11/01/2013	-	Active	NO

Name :

Mr. Pradeep Aggarwal

Designation :

Director

Address :

1380, Sector 37, Faridabad-122001, Haryana, India

Date of Birth/Age :

28.10.1970

Date of Appointment :

02.02.2005

PAN No.:

AAGPA9350D

DIN No.:

00013159

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	U74899DL1992PTC050675	AGR STEEL STRIPS PRIVATE LIMITED	Director	10/03/2000	10/03/2000	-	Active	NO
2	U27105DL2005PLC132593	ASIAN COLOUR COATED ISPAT LIMITED	Director	02/02/2005	02/02/2005	-	Active	NO
3	U55101DL2003PLC121747	ACCIL HOSPITALITY LIMITED	Managing director	01/04/2011	01/10/2008	-	Active	NO
4	U45201DL2006PTC146895	EXPERT TOWNSHIP PRIVATE LIMITED	Director	29/09/2009	26/12/2008	-	Active	NO
5	U74140DL2008PTC185366	BHAGIRATH CORPORATE ADVISOR PRIVATE LIMITED	Additional director	10/07/2009	10/07/2009	-	Amalgamated	NO
6	U51909DL2008PTC185426	GIROMANI EXIM PRIVATE LIMITED	Additional director	10/07/2009	10/07/2009	-	Active	NO
7	U93000DL2009PTC196542	PARSHAVNATH MEDIA PRIVATE LIMITED	Additional director	15/03/2010	15/03/2010	-	Active	NO
8	U27100DL2010PTC203808	ACCIL ISPAT AND POWER Private Limited	Director	08/06/2010	08/06/2010	-	Active	NO
9	U01119DL2008PTC185382	OSCAR AGRICULTURE PRIVATE LIMITED	Additional director	15/07/2010	15/07/2010	-	Amalgamated	NO
10	U45400DL2008PTC172770	VIABLE ANALYTICAL TECHNOLOGY PRIVATE LIMITED	Additional director	15/07/2010	15/07/2010	-	Amalgamated	NO
11	U63090DL2008PTC172321	HOME COZINESS TOURS AND TRAVELS PRIVATE LIMITED	Additional director	16/07/2010	16/07/2010	-	Amalgamated	NO
12	U65999RJ1991PLC029752	ACCIL Corporation Limited	Managing director	01/04/2011	09/08/2010	-	Active	NO
13	U72300DL2009PTC195777	KARNAK INFOTECH PRIVATE LIMITED	Additional director	10/08/2010	10/08/2010	-	Amalgamated	NO
14	U72900DL2009PTC195974	ORCHID INFO SOLUTION PRIVATE LIMITED	Additional director	10/08/2010	10/08/2010	25/08/2011	Active	NO
15	U55101HR2011PLC048720	ACCIL HOTELS AND RESORTS LIMITED	Director	01/04/2011	01/04/2011	-	Active	NO
16	U51909DL2009PTC195874	AMY TRADERS PRIVATE LIMITED	Director	27/09/2011	05/08/2011	-	Amalgamated	NO
17	U52390DL2009PTC195733	KARNAK TRADERS PRIVATE LIMITED	Director	27/09/2011	05/08/2011	-	Amalgamated	NO
18	U72300DL2009PTC196040	SAKURA INFO SOLUTION PRIVATE LIMITED	Director	29/09/2011	05/08/2011	-	Amalgamated	NO
19	U51909DL2009PTC195872	TEASEL IMPEX PRIVATE LIMITED	Director	27/09/2011	05/08/2011	-	Amalgamated	NO
20	U55101DL2011PTC224155	ACCIL International Tourism Private Limited	Director	25/08/2011	25/08/2011	-	Active	NO
21	U45201DL2005PTC134485	NAYMAL REALTORS PRIVATE LIMITED	Director	27/09/2012	15/10/2011	-	Active	NO
22	U28999DL1975PTC007879	ACCIL Steels Private Limited	Director	25/09/2012	20/01/2012	-	Active	NO
23	U27100DL2012PTC243396	ACCIL AUTO STEELS PRIVATE LIMITED	Director	09/10/2012	09/10/2012	-	Active	NO
24	U27100DL2012PTC243442	ACCIL STEEL AND TUBES PRIVATE LIMITED	Director	10/10/2012	10/10/2012	-	Active	NO
25	U32204DL2008PTC185252	PROACTIVE TELECOMMUNICATIONS PRIVATE LIMITED	Director	11/06/2013	29/04/2013	-	Amalgamated	NO
26	U45400DL2008PTC182957	SANCHI INFRATECH PRIVATE LIMITED	Director	11/06/2013	29/04/2013	-	Amalgamated	NO
27	U72900DL2008PTC185411	UJVAL NETWORKS PRIVATE LIMITED	Director	11/06/2013	29/04/2013	-	Amalgamated	NO
28	U52100DL2007PTC168613	TTJ IMPEX PRIVATE LIMITED	Director	07/09/2013	01/07/2013	-	Active	NO
29	U45400DL2008PTC185539	VATSAL INFRAPROJECTS PRIVATE LIMITED	Director	13/09/2013	01/07/2013	-	Active	NO
30	U45400DL2012PTC237513	WONDER INFRABUILD PRIVATE LIMITED	Director	16/09/2013	01/07/2013	-	Active	NO
31	U74140DL2003PTC120093	BAVIN CONSULTANTS PRIVATE LIMITED	Director	30/09/2014	08/07/2013	-	Active	NO
32	U01111DL2008PTC175963	VIABLE AGRO FOOD PRODUCTS PRIVATE LIMITED	Director	30/09/2014	08/07/2013	-	Active	NO
33	U45300DL1987PTC027462	SPLENDOR CONSTRUCTIONS PRIVATE LIMTIED	Director	30/09/2014	26/07/2013	-	Active	NO
34	U45201DL2006PTC148017	Goddard Builders and Constructions Private limited	Director	23/09/2013	23/08/2013	-	Active	NO
35	U72200DL2005PTC142789	B.N. Computers Private Limited	Director	30/09/2013	26/08/2013	-	Active	NO
36	U74140HR2003PLC050424	CLUBSEVEN CONSULTANTS LIMITED	Director	24/09/2014	02/09/2013	-	Active	NO
37	U74999DL2013PTC262684	KING ENGINEERS PRIVATE LIMITED	Additional director	02/01/2015	02/01/2015	-	Active	NO
38	U70101DL2014PTC265169	ARUDHARA INFRAPROJECTS PRIVATE LIMITED	Director	03/01/2015	03/01/2015	-	Active	NO
39	U74999DL2014PTC265059	DHANVAN INDUSTRIES PRIVATE LIMITED	Additional director	03/01/2015	03/01/2015	-	Active	NO
40	U70109DL2013PTC262672	BIG INFRAPROJECTS PRIVATE LIMITED	Additional director	03/01/2015	03/01/2015	-	Active	NO

MAJOR SHAREHOLDERS

As on 30.09.2014

SHAREHOLDING DETAILS FILE ATTACHED

As on 17.02.2014

Names of Allottee	No. of Shares
Ultimate Investofin Limited, India	2242000
Total	2242000

As on 30.09.2014

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Directors or relatives of Directors	90.18
Other top fifty shareholders	9.82
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Galvanised and Pre-Painted Steel Products, Cold rollers, cold roller.

Products :

Item Code No.	Products Description
72099000	C R Strips
72104900	Galvanised
72107000	Colour Coated
72089000	HR Slit
72041000	Scraps

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Selling :

Not Divulged

Purchasing :

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
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

Customers :

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

No. of Employees :

Information declined by the management.

Bankers :

Banker Name	Bank of Baroda ( Security Trustee)
Branch Address	CFS Branch, 1st Floor, BOB Building, 16, Parliament Street, New Delhi – 110001, Delhi, India
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
Name of Account Holder	Not Divulged
Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

State Bank of Patiala (Lead Bank), Commercial Branch, Chandralok Building, 36, Janpath, New Delhi - 110001, Delhi, India

· Bank of Baroda, Corporate Financial Services Branch, BOB Building, GF,16, Sansad Marg, New Delhi - 110001, Delhi, India

· State Bank of Mysore, 3,4 & 5, DDA Building, Nehru Place, New Delhi, Delhi - 110001, India

Facilities :

(Rs. In Million)

SECURED LOAN	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWING
Rupee term loans from others	6574.434	6925.639
Loans taken for vehicles	35.690	38.683
SHORT TERM BORROWING
Working capital loans from banks	22387.944	15508.543
Total	28998.068	22472.865

Auditors :
Name :	Anil Saransh and Company Chartered Accountant
Address :	FF-46, Narayan Place, Mangal Bazar Road, Laxmi Nagar, Delhi - 110092, India
PAN No.:	AANPM8727B

Memberships :	Not Available

Collaborators :	Not Available

Associates :	ACCIL Auto Steels Private Limited CIN No.: U27100DL2012PTC243396 ACCIL Steel Processors Private Limited CIN No.: U52332DL1997PTC085222 Aggradeep Realtors Private Limited CIN No.: U70101DL2005PTC134109 AGR Steel Strips Private Limited, India CIN No.: U74899DL1992PTC050675 Neervi Colonisers Private Limited CIN No.: U45201DL2005PTC134474

Others :	Metal Trading Company

CAPITAL STRUCTURE

As on 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount

1250000000	Equity Shares	Rs.10/- each	Rs. 12500.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

880776270	Equity Shares	Rs.10/- each	Rs. 8807.763 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	8807.763	731.257	435.404
(b) Reserves & Surplus	3822.173	9199.683	6984.500
(c) Money received against share warrants	0.000	0.000	0.000

(2) Share Application money pending allotment	0.000	144.600	307.005
Total Shareholders’ Funds (1) + (2)	12629.936	10075.540	7726.909
		144.600
(3) Non-Current Liabilities
(a) long-term borrowings	6610.124	6964.322	6197.593
(b) Deferred tax liabilities (Net)	877.437	323.486	56.226
(c) Other long term liabilities	346.571	391.442	96.031
(d) long-term provisions	19.553	8.629	0.000
Total Non-current Liabilities (3)	7853.685	7687.879	6349.850

(4) Current Liabilities
(a) Short term borrowings	22387.944	15508.543	7369.358
(b) Trade payables	92.362	31.656	228.812
(c) Other current liabilities	2862.575	1880.849	463.848
(d) Short-term provisions	16.530	12.205	0.000
Total Current Liabilities (4)	25359.411	17433.253	8062.018

TOTAL	45843.032	35196.672	22138.777

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	13532.338	9970.870	1967.919
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	615.840	4213.933	9362.632
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	69.278	61.464	61.464
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	56.834	24.846	24.964
(e) Other Non-current assets	0.000	0.000	0.234
Total Non-Current Assets	14274.290	14271.113	11417.213

(2) Current assets
(a) Current investments	3.055	2.983	3.274
(b) Inventories	13839.769	8805.801	4756.405
(c) Trade receivables	15289.711	10567.164	5355.019
(d) Cash and cash equivalents	794.445	688.389	420.226
(e) Short-term loans and advances	1641.762	861.036	158.234
(f) Other current assets	0.000	0.186	28.406
Total Current Assets	31568.742	20925.559	10721.564

TOTAL	45843.032	35196.672	22138.777

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income	54269.795	30435.541	17422.588
	Other Income	137.506	76.467	37.648
	TOTAL	54407.301	30512.008	17460.236

Less	EXPENSES
	Cost of Materials Consumed	50075.609	28079.465	14781.093
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(2426.806)	(2153.654)	(630.461)
	Employees benefits expense	185.711	78.964	60.071
	Other expenses	1958.338	966.384	784.525
	Exceptional items		0.750	0.031
	TOTAL	49792.852	26971.909	14995.259

Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	4614.449	3540.099	2464.977

Less	FINANCIAL EXPENSES	1113.654	908.262	525.105

	PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	3500.795	2631.837	1939.872

Less/ Add	DEPRECIATION/ AMORTISATION	519.626	446.857	217.955

	PROFIT/ (LOSS) BEFORE TAX	2981.169	2184.980	1721.917

Less	TAX	525.243	709.431	556.742

	PROFIT/ (LOSS) AFTER TAX	2455.926	1475.549	1165.175

	Earnings Per Share (Rs.)	2.79	1.68	1.32

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT/Sales)	(%)	4.53	4.85	6.69

Operating Profit Margin (PBDIT / Sales)	(%)	8.50	11.63	14.15

Return on Total Assets (PBT/Total Assets}	(%)	6.60	7.07	13.54

Return on Investment (ROI) (PBT/Networth)		0.24	0.22	0.22

Debt Equity Ratio (Total Debt /Networth)		2.30	2.23	1.76

Current Ratio (Current Asset/Current Liability)		1.24	1.20	1.33

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	435.404	731.257	8807.763
Reserves & Surplus	6984.500	9199.683	3822.173
Share Application money pending allotment	307.005	144.600	0.000
Net worth	742.409	875.857	8807.763

long-term borrowings	6197.593	6964.322	6610.124
Short term borrowings	7369.358	15508.543	22387.944
Total borrowings	13566.951	22472.865	28998.068
Debt/Equity ratio	18.274	25.658	3.292

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)
Sales	17422.588	30435.541	54269.795
		74.690	78.311

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	17422.588	30435.541	54269.795
Profit	1165.175	1475.549	2455.926
	6.69%	4.85%	4.53%

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	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

NOTE: Register address of the company has been shifted from 1709/2 Bhagirth, Placechandhi Chowk, New Delhi, Delhi - 110006, India to the present address w.e.f. 23.07.2009.

INDEX OF CHARGES

S. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10545202	01/01/2015	1,180,000,000.00	STATE BANK OF BIKANER AND JAIPUR	101-102, New Delhi House, 27, Barakhamba Road, New Delhi, Delhi - 110001, INDIA	C41496266
2	10545321	01/01/2015	2,005,800,000.00	Bank of India	STAR HOUSE, C-5, G BLOCK, BANDRA KURLA COMPLEX, B ANDRA EAST, MUMBAI, Maharashtra - 400051, INDIA	C41546193
3	10541440	30/12/2014	4,290,000,000.00	STATE BANK OF PATIALA	COMMERCIAL BRANCH, 2ND FLOOR, CHANDRALOK BUILDING, 36, JANPATH, NEW DELHI, Delhi - 110001, INDIA	C39663620
4	10529389	25/09/2014	1,050,000,000.00	Karnataka Bank Limited	Commercial Branch, SCO 21, Sector-14, GURGAON, Haryana - 122001, INDIA	C32434904
5	10468014	03/12/2013	24,200,000,000.00	Bank of Baroda ( Security Trustee)	CFS Branch, 1st Floor, BOB Building,, 16, Parliament Street,, New Delhi, Delhi - 110001, INDIA	B92657790
6	10437782	27/06/2013	3,080,000,000.00	IL and FS TRUST COMPANY LIMITED	IL and FS FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRA, KURLA COMPLEX BANDRA EAST, MUMBAI, Maharashtra - 400051, INDIA	B80024946
7	10386111	03/12/2013 *	24,200,000,000.00	STATE BANK OF MYSORE	3,4 and 5, DDA BUILDING, NEHRU PLACE,, NEW DELHI, Delhi - 110001, INDIA	B92356443
8	10372110	05/12/2013 *	24,200,000,000.00	STATE BANK OF PATIALA (LEAD BANK)	COMMERCIAL BRANCH, CHANDRALOK BUILDING, 36, JANPATH, NEW DELHI, Delhi - 110001, INDIA	B92515477
9	10370531	09/11/2012 *	1,385,000,000.00	Bank of Baroda	Corporate Financial Services (Large Corporate) Branch, BOB Building, Ground Floor, 16, Sansad Marg, New Delhi, Delhi - 110001, INDIA	B65028953
10	10344146	28/03/2012	767,289,000.00	IDBI Bank Limited	DIFC Corporate Banking Branch,, P.O. Box No. 5068 05, Level-3, Gate Village-5, Dubai, - 3371500, U NITED ARAB EMIRATES	B35783166

* Date of charge modification

FIXED ASSETS

· Land

· Buildings

· Plant and Equipment

· Furniture and Fixtures

· Vehicles

· Office Equipment

· Computer 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.62.34
UK Pound	1	Rs.93.09
Euro	1	Rs.67.13

INFORMATION DETAILS

Information Gathered by :	PRT

Analysis Done by :	RAS

Report Prepared by :	PNM

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	3
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	2
--CREDIT LINES	1~10	3
--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		29

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.

MIRA INFORM REPORT

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