MIRA INFORM REPORT

Report No. :	319528
Report Date :	29.04.2015

IDENTIFICATION DETAILS

Name :	SURYA ROSHNI LIMITED
Registered Office :	Prakash Nagar, Sankhol, Bahadurgarh -124507, Haryana
Tel No :	91-1276-241540 / 241980 / 81 / 82
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	17.10.1973
Com. Reg. No.:	05-007543
Capital Investment / Paid-up Capital :	Rs. 438.312 Million
CIN No.: [Company Identification No.]	L31501HR1973PLC007543
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	Not Available
Legal Form :	A Public Limited Liability Company. The Company’s Shares are Listed on the Stock Exchanges.
Line of Business :	Manufacturer and seller of steel and lighting products.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

Ba (54)

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 :	Exist
Comments :	Subject is a well-established company having fine track. The rating reflects SRL’s consistent track record of profitable operations marked by established brand name with a well-developed nation-wide marketing network and diversified product profile of the company. Trade relations are reported as fair. Business is active. Payment terms are reported to be regular and as per commitment. The company can be considered good for normal 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 – 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	ICRA
Rating	Commercial Paper Programme = A1+(SO)
Rating Explanation	Have very strong degree of safety and carry lowest credit risk.
Date	April 2015

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 CO-OPERATIVE 91-1276241540 / 91-11-25810093

LOCATIONS

Registered Office / Works-Steel Division :	Prakash Nagar, Sankhol, Bahadurgarh -124507, Haryana, India
Tel. No.:	91-1276-241540 / 241980 / 81 / 82
Fax No.:	91-1276-241886
E-Mail :	surya@suryasteelpipe.com surya@sroshni.com pvcsurya@sroshni.com
Website :	http://www.surya.co.in www.suryaroshnilighting.com
Works - Steel Division (Malanpur)	Plot No. P-1 to P-20, Ghirongi Industrial Area, Malanpur, District Bhind, Madhya Pradesh, India Prakash Nagar, Sankhol, Bahadurgarh, Haryana – 124507, India
Works - Lighting Division 1 :	7k.m. Stone, Kashipur - Moradabad Road, District Udham Singh Nagar, Kashipur - 244 713, Uttarakhand, India
E-Mail :	srlkashipur@suryaksp.com
Works - Lighting Division 2 :	J - 7, 8 and 9 Malanpur Industrial Area Malanpur, District Bhind, Madhya Pradesh, India
E-Mail :	srlmlpr@sancharnet.in
Head Office	Padma Tower - 1, 5 Rajendra Place, New Delhi - 110008, India
Tel. No.:	91-11-25810093-96
Fax No.:	91-11-25789560
E-Mail :	consumercare@sroshni.com surya@sroshni.com

DIRECTORS

As on : 31.03.2014

Name :

Mr. Jai Prakash Agarwal

Designation :

Chairman

Date of Appointment :

29.10.2012

DIN No.:

00041119

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	L31501HR1973PLC007543	SURYA ROSHNI LIMITED	Whole-time director	29/10/2012	08/09/1975	-	Active	NO
2	U70101DL1996PTC080815	JAYA INFRASTRUCTURE PRIVATE LIMITED	Director	18/04/2006	18/04/2006	15/03/2010	Active	NO
3	U45201DL2005PLC141841	SURYA DUROBUILD LIMITED	Director	18/07/2007	18/07/2007	11/05/2008	Active	NO
4	U27100DL2008PLC176607	SURYA GLOBAL STEEL AND GENPOWER LIMITED	Director	10/04/2008	10/04/2008	-	Strike off	NO
5	U28999DL2008PLC177870	SURYA GLOBAL STEEL TUBES LIMITED	Director	31/03/2014	09/05/2008	-	Active	NO
6	U45200DL2008PLC183087	SURYA GLOBAL INFRASTRUCTURE LIMITED	Director	09/09/2008	09/09/2008	16/12/2011	Active	NO
7	U26940DL2008PLC183118	SURYA GLOBAL CEMENT LIMITED	Director	11/09/2008	11/09/2008	-	Strike off	NO
8	U45200DL2008PLC184368	SURYA ROADLINK AND INFRA LIMITED	Director	21/10/2008	21/10/2008	-	Strike off	NO
9	U27101DL2009PLC197083	SURYA VIJAYNAGAR STEEL AND POWER LIMITED	Director	17/12/2009	17/12/2009	-	Active	NO
10	U27100DL2010PLC198591	SURYA CHHATTISGARH POWER LIMITED	Director	02/02/2010	02/02/2010	-	Strike off	NO
11	U40102DL2010PLC198599	SURYA GUJARAT POWER LIMITED	Director	02/02/2010	02/02/2010	31/05/2011	Strike off	NO
12	U27100DL2010PLC202242	SURYA CHHATTISGARH STEEL AND POWER LIMITED	Director	03/05/2010	03/05/2010	-	Under Process of Striking off	NO
13	U26990DL2010PLC202244	SURYA VIJAYNAGAR CEMENT LIMITED	Director	03/05/2010	03/05/2010	-	Active	NO
14	U31506DL2010PLC204630	SURYA SHIMOGA LIGHTING LIMITED	Director	24/06/2010	24/06/2010	-	Strike off	NO
15	U27205DL2010PLC205942	SURYA SHIMOGA STEEL PIPES LIMITED	Director	16/07/2010	16/07/2010	-	Strike off	NO
16	U51109WB2007PTC114283	SAGNIK VYAPAAR PRIVATE LIMITED	Director	30/09/2011	01/06/2011	27/11/2014	Active	NO
17	U51109WB2007PTC114266	CLITORIA VANIJYA PRIVATE LIMITED	Director	30/09/2011	01/06/2011	29/11/2014	Active	NO
18	U51109WB2007PTC113333	PUNARVASU TIE-UP PRIVATE LIMITED	Director	30/09/2011	01/06/2011	28/11/2014	Active	NO

Name :

Mr. Raju Bista

Designation :

Managing Director

Date of Appointment :

18.06.2014

DIN No.:

01299297

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	U45201DL2005PLC141841	SURYA DUROBUILD LIMITED	Director	02/09/2008	15/02/2007	25/10/2008	Active	NO
2	U74899HR1999PLC048371	SURYA SOFT-TECH LIMITED	Director	30/03/2007	30/03/2007	05/09/2008	Active	NO
3	U74899DL1994PTC062470	SWADESHI MERCANTILE PRIVATE LIMITED	Additional director	28/12/2007	28/12/2007	25/10/2008	Active	NO
4	U74899DL1994PTC057515	JASMINE ISPAT PRIVATE LIMITED	Director	18/09/2008	28/12/2007	25/10/2008	Active	NO
5	U74899DL1986PTC023320	DK ROLLING MILLS PRIVATE LIMITED	Director	17/09/2008	29/12/2007	25/10/2008	Active	NO
6	U74140WB1995PTC070465	PRAJIN BARTER PVT. LTD.	Director	10/07/2008	20/05/2008	01/11/2008	Active	NO
7	U28999DL2008PLC177870	SURYA GLOBAL STEEL TUBES LIMITED	Director	13/07/2009	29/08/2008	-	Active	NO
8	U45200DL2008PLC183087	SURYA GLOBAL INFRASTRUCTURE LIMITED	Director	01/11/2008	01/11/2008	16/12/2011	Active	NO
9	L31501HR1973PLC007543	SURYA ROSHNI LIMITED	Managing director	18/06/2014	18/06/2009	-	Active	NO
10	U27101DL2009PLC197083	SURYA VIJAYNAGAR STEEL AND POWER LIMITED	Director	17/12/2009	17/12/2009	-	Active	NO
11	U27100DL2010PLC198591	SURYA CHHATTISGARH POWER LIMITED	Director	02/02/2010	02/02/2010	05/11/2012	Strike off	NO
12	U26990DL2010PLC202244	SURYA VIJAYNAGAR CEMENT LIMITED	Director	03/05/2010	03/05/2010	-	Active	NO
13	U27100DL2010PLC202242	SURYA CHHATTISGARH STEEL AND POWER LIMITED	Director	03/05/2010	03/05/2010	26/10/2012	Under Process of Striking off	NO
14	U31506DL2010PLC204630	SURYA SHIMOGA LIGHTING LIMITED	Director	24/06/2010	24/06/2010	05/11/2012	Strike off	NO
15	U27205DL2010PLC205942	SURYA SHIMOGA STEEL PIPES LIMITED	Director	16/07/2010	16/07/2010	26/10/2012	Strike off	NO
16	U51109WB2007PTC114266	CLITORIA VANIJYA PRIVATE LIMITED	Director	30/09/2011	01/06/2011	29/11/2014	Active	NO
17	U51909WB2010PTC147210	EQUAL VINIMAY PRIVATE LIMITED	Director	20/08/2011	20/08/2011	18/10/2012	Active	NO
18	U51109DL2008PTC267556	SEABIRD TRACOM PRIVATE LIMITED	Director	29/09/2012	20/08/2011	17/10/2012	Active	NO
19	U51909DL2010PTC267633	BRIGHTSTAR VINTRADE PRIVATE LIMITED	Director	20/08/2011	20/08/2011	18/10/2012	Active	NO
20	U51909DL2008PTC264119	NETRA AGENCY PRIVATE LIMITED	Director	01/09/2011	01/09/2011	17/10/2012	Active	NO

Name :

Mr. Ravinder Kumar Narang

Designation :

Director

Date of Appointment :

05.09.2014

DIN No.:

02318041

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	U28999DL2008PLC177870	SURYA GLOBAL STEEL TUBES LIMITED	Director	14/05/2014	29/08/2008	-	Active	NO
2	U51909WB1985PLC038845	BANSAL NATUREVEST LIMITED	Whole-time director	01/08/2009	18/05/2009	07/06/2011	Active	NO
3	L31501HR1973PLC007543	SURYA ROSHNI LIMITED	Director	05/09/2014	18/06/2009	-	Active	NO

Name :

Mr. Sudhanshu Kumar Awasthi

Designation :

Director

Date of Appointment :

05.09.2014

DIN No.:

02162923

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	U45201DL1999PLC195937	PNC INFRATECH LIMITED	Director	15/07/2009	11/02/2009	02/06/2014	Active	NO
2	U24298DL1996PLC083879	HAL OFFSHORE LIMITED	Additional director	01/05/2009	01/05/2009	28/03/2013	Active	NO
3	L24301PB1986PLC006715	INDIAN ACRYLICS LIMITED	Nominee director	30/09/2009	30/09/2009	30/05/2011	Active	NO
4	U65990MH1993PLC071003	CANARA ROBECO ASSET MANAGEMENT COMPANY LIMITED	Director	12/08/2014	16/10/2013	-	Active	NO
5	L31501HR1973PLC007543	SURYA ROSHNI LIMITED	Director	05/09/2014	30/05/2014	-	Active	NO

Name :

Mr. Utpal Kumar Mukhopadhyay

Designation :

Director

Date of Appointment :

05.09.2014

DIN No.:

02766045

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	L99999MH1962PLC012538	BOROSIL GLASS WORKS LIMITED	Director	13/08/2014	24/08/2009	-	Active	NO
2	U40108MH2001PLC134299	OCTAGA GREEN POWER AND SUGAR COMPANY LIMITED	Director	01/12/2009	01/12/2009	18/08/2010	Active	NO
3	L17119DN1983PLC000074	KSL AND INDUSTRIES LIMITED	Director	10/07/2010	20/05/2010	16/10/2010	Active	NO
4	L99999GJ1985PLC011553	JAYBHARAT TEXTILES AND REAL ESTATE LIMITED	Director	17/07/2010	21/05/2010	16/10/2010	Active	NO
5	U17119DN1982PLC000092	KRISHNA KNITWEAR TECHNOLOGY LIMITED	Director	10/07/2010	26/05/2010	24/02/2012	Active	NO
6	U27101DL2009PLC197083	SURYA VIJAYNAGAR STEEL AND POWER LIMITED	Director	15/03/2011	01/06/2010	16/10/2012	Active	NO
7	U65999MH2011PTC212278	FINTRUE TECHNOLOGIES PRIVATE LIMITED	Director	15/01/2011	15/01/2011	-	Active	NO
8	L31501HR1973PLC007543	SURYA ROSHNI LIMITED	Director	05/09/2014	14/02/2011	-	Active	NO
9	U55101HR1988PLC030288	GOLDEN GREENS GOLF AND RESORTS LIMITED	Director	28/08/2012	07/05/2012	03/06/2013	Active	NO
10	L67190MH1990PLC056009	The Byke Hospitality Limited	Director	27/09/2012	27/09/2012	29/05/2013	Active	NO
11	L36900WB1952PLC020274	WPIL LIMITED	Additional director	25/07/2013	25/07/2013	-	Active	NO
12	U67200MH2004PTC150127	SUN RISK MANAGEMENT AND INSURANCE BROKING SERVICES PRIVATE LIMITED	Director	20/09/2013	19/08/2013	-	Active	NO

Name :

Mr. Tara Sankar Bhattacharya

Designation :

Director

Date of Appointment :

05.09.2014

DIN No.:

00157305

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	U99999MH1986PLC040298	SBI CAPITAL MARKETS LIMITED	Nominee director	07/03/2005	07/03/2005	01/02/2008	Active	NO
2	U65990MH1987PLC044571	INFRASTRUCTURE LEASING AND FINANCIAL SERVICES LIMITED	Director	12/09/2007	01/08/2006	01/02/2008	Active	NO
3	U40104MH1987GOI149458	NUCLEAR POWER CORPORATION OF INDIA LIMITED	Director	08/05/2008	08/05/2008	07/05/2011	Active	NO
4	L26922HR1980PLC010901	JINDAL STAINLESS LIMITED	Director	04/09/2009	13/01/2009	-	Active	NO
5	U74999CH2009PLC031588	EMBEE ARC (INDIA) LIMITED	Director	16/04/2009	16/04/2009	27/02/2013	Active	NO
6	L51100GJ1982PLC005131	SAYAJI HOTELS LIMITED	Director	30/09/2009	30/04/2009	11/09/2013	Active	NO
7	U99999MH1993PLC071865	IDFC Securities Limited	Director	22/10/2014	17/06/2009	-	Active	NO
8	U18110CH1988PLC007928	AMARTEX INDUSTRIES LIMITED	Director	30/09/2010	22/03/2010	10/04/2014	Active	NO
9	L63040HP1994PLC019011	JAGSON AIRLINES LIMITED	Director	25/09/2010	29/05/2010	28/02/2011	Active	NO
10	U72200MH2002PLC138213	AGS TRANSACT TECHNOLOGIES LIMITED	Director	20/09/2010	16/09/2010	04/06/2011	Active	NO
11	U40103WB2002PLC145294	ABHIJEET POWER LIMITED	Director	25/11/2010	25/11/2010	30/07/2013	Active	NO
12	L55101WB1999PLC090672	SPECIALITY RESTAURANTS LIMITED	Director	01/04/2014	09/02/2011	-	Active	NO
13	L31501HR1973PLC007543	SURYA ROSHNI LIMITED	Director	05/09/2014	14/02/2011	-	Active	NO
14	U27101DL2009PLC197083	SURYA VIJAYNAGAR STEEL AND POWER LIMITED	Director	15/03/2011	14/02/2011	16/10/2012	Active	NO
15	U72900MH1982PLC028389	Rosoft Limited	Director	20/09/2011	20/09/2011	22/02/2013	Active	NO
16	U69990MH1999PLC123190	IDFC AMC TRUSTEE COMPANY LIMITED	Director	08/12/2011	08/12/2011	-	Active	NO
17	L24232CH1995PLC015553	IND SWIFT LABORATORIES LIMITED	Director	30/09/2013	07/11/2012	07/11/2014	Active	NO
18	L51909GJ1994PLC022719	NANDAN DENIM LIMITED	Director	29/08/2013	06/02/2013	-	Active	NO
19	L99999MH1988PLC047408	MAN INDUSTRIES (INDIA) LIMITED	Additional director	27/07/2013	27/07/2013	30/10/2013	Active	NO
20	L27203WB2004PLC170941	ESS DEE ALUMINIUM LIMITED	Director	24/09/2013	13/08/2013	-	Active	NO
21	U67120MH1993PLC075037	PURPLE FINANCE LIMITED	Additional director	02/12/2013	02/12/2013	14/01/2014	Active	NO
22	L74899DL1988PLC032166	UFLEX LIMITED	Additional director	14/02/2015	14/02/2015	-	Active	NO

Name :

Mr. Surendra Singh Khurana

Designation :

Director

Date of Appointment :

05.09.2014

DIN No.:

02126149

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	U64202DL2000GOI107905	RAILTEL CORPORATION OF INDIA LIMITED	Director	17/03/2008	17/03/2008	15/05/2008	Active	NO
2	U60232DL2006GOI155068	DEDICATED FREIGHT CORRIDOR CORPORATION OF INDIA LIMITED	Director	18/02/2009	18/02/2009	02/06/2010	Active	NO
3	U45203DL1976GOI008171	IRCON INTERNATIONAL LIMITED	Nominee director	16/03/2009	16/03/2009	31/05/2010	Active	NO
4	L27203OR1981GOI000920	NATIONAL ALUMINIUM CO LTD	Director	14/08/2012	15/09/2011	15/09/2014	Active	NO
5	L31501HR1973PLC007543	SURYA ROSHNI LIMITED	Director	05/09/2014	30/05/2014	-	Active	NO

Name :

Mr. Dev Dutt Das

Designation :

IDBI Nominee

Date of Appointment :

29.06.2013

DIN No.:

06620284

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	L31501HR1973PLC007543	SURYA ROSHNI LIMITED	Nominee director	29/06/2013	29/06/2013	-	Active	NO
2	U27100DL1999PLC108350	BHUSHAN POWER & STEEL LIMITED	Nominee director	24/03/2015	24/03/2015	-	Active	NO

Name :

Mr. Kishan Kumar Narula

Designation :

Director

Date of Appointment :

05.09.2014

DIN No.:

00098124

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	L31501HR1973PLC007543	SURYA ROSHNI LIMITED	Director	05/09/2014	29/03/2000	-	Active	NO
2	U28999DL2008PLC177870	SURYA GLOBAL STEEL TUBES LIMITED	Director	14/05/2014	29/08/2008	-	Active	NO

Name :

Mr. Mukesh Tripathi

Designation :

Director

Date of Appointment :

27.09.2013

DIN No.:

01951272

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	U51909WB1994PTC066537	BUDHIYA MARKETING PVT LTD	Director	13/12/2007	13/12/2007	17/09/2011	Active	NO
2	U74899DL2005PLC144063	REAL FINCAP LIMITED	Director	19/09/2008	29/12/2007	01/02/2009	Active	NO
3	U74899DL1994PTC058267	LUXE TRADING AND HOLDING (INDIA) PRIVATE LIMITED	Additional director	05/01/2008	05/01/2008	10/11/2008	Active	NO
4	U74899DL1994PTC058338	LUSH TRADERS PRIVATE LIMITED	Director	27/09/2008	07/01/2008	01/02/2009	Active	NO
5	U51909DL1993PTC053632	SWATI MERCHANTS PRIVATE LIMITED	Director	15/09/2008	09/05/2008	01/02/2009	Active	NO
6	U74899DL1992PTC050214	SHAKSHI TRADING CO PRIVATE LIMITED	Additional director	09/05/2008	09/05/2008	10/11/2008	Active	NO
7	L31501HR1973PLC007543	SURYA ROSHNI LIMITED	Director	27/09/2013	18/06/2009	-	Active	NO
8	U27101DL2009PLC197083	SURYA VIJAYNAGAR STEEL AND POWER LIMITED	Director	17/12/2009	17/12/2009	-	Active	NO
9	U28999DL2008PLC177870	SURYA GLOBAL STEEL TUBES LIMITED	Whole-time director	15/03/2012	14/02/2011	-	Active	NO
10	U51109WB2007PTC113333	PUNARVASU TIE-UP PRIVATE LIMITED	Director	30/09/2011	01/06/2011	-	Active	NO
11	U52100DL2010PTC264118	DEPOSE VINCOM PRIVATE LIMITED	Director	01/09/2011	01/09/2011	22/12/2012	Active	NO
12	U52100DL2010PTC264120	EDITION SUPPLIERS PRIVATE LIMITED	Director	01/09/2011	01/09/2011	22/12/2012	Active	NO
13	U51909DL2008PTC264119	NETRA AGENCY PRIVATE LIMITED	Director	01/09/2011	01/09/2011	22/12/2012	Active	NO
14	U51109WB1995PTC069589	DICORD COMMODEAL PVT LTD	Director	10/09/2012	30/08/2012	-	Active	NO
15	U40102DL2010PLC198599	SURYA GUJARAT POWER LIMITED	Director	27/09/2012	31/08/2012	-	Strike off	NO

Name :

Mr. Utkarsh Dwivedi

Designation :

Dy. Managing Director

Date of Appointment :

27.09.2013

DIN No.:

05142124

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	U51109WB2007PTC114283	SAGNIK VYAPAAR PRIVATE LIMITED	Director	25/09/2012	20/12/2011	17/12/2012	Active	NO
2	U74899DL1994PLC062152	SURYA FINANCIAL SERVICES LIMITED	Director	29/09/2012	29/08/2012	24/12/2012	Active	NO
3	U27100DL2010PLC202242	SURYA CHHATTISGARH STEEL AND POWER LIMITED	Director	26/10/2012	26/10/2012	-	Under Process of Striking off	NO
4	U27205DL2010PLC205942	SURYA SHIMOGA STEEL PIPES LIMITED	Director	26/10/2012	26/10/2012	-	Strike off	NO
5	U31506DL2010PLC204630	SURYA SHIMOGA LIGHTING LIMITED	Director	05/11/2012	05/11/2012	-	Strike off	NO
6	U27100DL2010PLC198591	SURYA CHHATTISGARH POWER LIMITED	Director	05/11/2012	05/11/2012	-	Strike off	NO
7	L31501HR1973PLC007543	SURYA ROSHNI LIMITED	Whole-time director	27/09/2013	05/02/2013	-	Active	NO

KEY EXECUTIVES

Name :	Mr. R. N. Maloo
Designation :	Executive Director and Group CFO
Name :	Mr. B. B. Singal
Designation :	V.P and Company Secretary

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on : 31.12.2014

Category of Shareholder	Total No. of Shares	Total Shareholding as a % of Total No. of Shares
		As a % of (A+B+C)
(A) Shareholding of Promoter and Promoter Group
(1) Indian
Individuals / Hindu Undivided Family	2517839	5.74
Bodies Corporate	25538343	58.27
Sub Total	28056182	64.01
(2) Foreign
Total shareholding of Promoter and Promoter Group (A)	28056182	64.01
(B) Public Shareholding
(1) Institutions
Mutual Funds / UTI	1381	0.00
Financial Institutions / Banks	28073	0.06
Insurance Companies	3000	0.01
Foreign Institutional Investors	17082	0.04
Sub Total	49536	0.11
(2) Non-Institutions
Bodies Corporate	8981713	20.49
Individuals
Individual shareholders holding nominal share capital up to Rs. 0.100 Million	5599206	12.77
Individual shareholders holding nominal share capital in excess of Rs. 0.100 Million	702159	1.60
Any Others (Specify)	442454	1.01
NRIs/OCBs	166469	0.38
Clearing Members	275685	0.63
Trusts	300	0.00
Sub Total	15725532	35.88
Total Public shareholding (B)	15775068	35.99
Total (A)+(B)	43831250	100.00
© Shares held by Custodians and against which Depository Receipts have been issued	0	0.00
(1) Promoter and Promoter Group	0	0.00
(2) Public	0	0.00
Sub Total	0	0.00
Total (A)+(B)+(C)	43831250	100.00

Notes:

1. For determining public shareholding for the purpose of Clause 40A
2. 2. For definitions of Promoter and Promoter Group, refer to Clause 40A.
3. Public shareholding

BUSINESS DETAILS

Line of Business :	Manufacturer and seller of steel and lighting products.
Products :	Not Available
Brand Names :	Not Available
Agencies Held :	Not Available
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
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 :

Not Divulged

Bankers :

• State Bank of India
• IDBI Bank Limited
• Punjab National Bank
• State Bank of Travancore
• State Bank of Patiala
• ICICI Bank

Facilities :

(Rs. In Million)

SECURED LOAN	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWING
Term loan from Banks and Financial Institution	2638.636	2334.319
NOTE : Term Loans banks and financial institutions are secured by deposit of title deeds relating to immovable assets of the company and further secured by hypothecation of all Company's movable assets and personal guarantee of Chairman of the Company.
SHORT TERM BORROWING
Working capital loans from Banks	5051.464	4011.100
Short term loans from Banks	450.000	0.000
Total	8140.100	6345.419
NOTE : Working Capital Loans from Banks are secured against hypothecation of present and future stock of raw material, stock in process, finished goods, spare and stores, book debts etc., guaranteed by Chairman of the company and further secured by way of second charge on the company's Fixed Assets. The Short-term loan from banks are secured by subservient charges on fixed assets and guaranteed by the chairman company.

Auditors :
Name :	Sastry K. Anandam and Company Chartered Accountants
Cost Auditors :
Name :	R. J. Goel and Company Cost Accountants
Memberships :	Not Available
Collaborators :	Not Available
Associates :	Surya Global Steel Tubes Limited
Other Companies :	Surya Global Steel and Gen Power Limited Surya Global Cement Limited Surya Global Infrastructure Limited Surya Vijay Nagar Steel and Power Limited Surya Vijay Nagar Cement Limited Surya Global Steels Tubes Limited

CAPITAL STRUCTURE

As on : 30.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
49800000	Equity Shares	Rs.10/- each	Rs. 498.000 Million
620000	Preference Shares	Rs.100/- each	Rs. 62.000 Million
	Total		Rs. 560.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
43831250	Equity Shares	Rs.10/- each	Rs. 438.312 Million

Particulars	As at 31 March 2014
	Equity Shares	Preference Shares
Shares outstanding at the beginning of the year	43.831	---
Shares Issued during the year	---	---
Shares bought back during the year	---	---
Shares outstanding at the end of the year	43.831	---

Name of Shareholder	As at 31 March 2014
	No. of Shares held	% of Holding
Diwakar Marketing Private Limited	5637500	12.86
Cubitex Marketing Private Ltd.	4761000	10.86
Shreyansh Mercantile Private Ltd.	3178000	7.25
Lustre Merchants Private Limited	1622394	3.70

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	438.312	438.312	438.312
(b) Reserves & Surplus	7300.745	6884.339	6244.564
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	151.931
Total Shareholders’ Funds (1) + (2)	7739.057	7322.651	6834.807
(3) Non-Current Liabilities
(a) long-term borrowings	4009.750	3683.109	3547.604
(b) Deferred tax liabilities (Net)	483.491	424.357	523.334
(c) Other long term liabilities	58.020	52.671	49.231
(d) long-term provisions	171.074	175.085	128.965
Total Non-current Liabilities (3)	4722.335	4335.222	4249.134
(4) Current Liabilities
(a) Short term borrowings	5501.464	4011.100	3900.639
(b) Trade payables	1158.363	745.176	755.401
(c) Other current liabilities	1161.479	1330.393	1037.102
(d) Short-term provisions	424.565	408.464	213.200
Total Current Liabilities (4)	8245.871	6495.133	5906.342
TOTAL	20707.263	18153.006	16990.283
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	9118.606	8532.295	8207.581
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	537.088	259.900	378.752
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	500.000	500.600	501.800
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000	0.000
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	10155.694	9292.795	9088.133
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	4331.282	3803.127	3774.932
(c) Trade receivables	4965.797	4103.404	3356.349
(d) Cash and cash equivalents	246.857	186.567	207.886
(e) Short-term loans and advances	940.289	702.782	509.770
(f) Other current assets	67.344	64.331	53.213
Total Current Assets	10551.569	8860.211	7902.150
TOTAL	20707.263	18153.006	16990.283

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	30309.749	29590.275	25544.442
		Other Income	35.831	16.271	8.962
		TOTAL	30345.580	29606.546	25553.404
Less	EXPENSES
		Cost of Materials Consumed	21846.886	20742.055	17935.127
		Purchases of Stock-in-Trade	1437.923	1452.982	1568.439
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(624.488)	310.055	(2.447)
		Employees benefits expense	1510.566	1346.857	1264.955
		Other expenses	3802.341	3371.987	2819.949
		TOTAL	27973.228	27223.936	23586.023
Less	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		2372.352	2382.610	1967.381
Less	FINANCIAL EXPENSES		1144.697	1096.721	938.189
	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		1227.655	1285.889	1029.192
Less/ Add	DEPRECIATION/ AMORTISATION		556.372	565.116	473.079
	PROFIT/(LOSS) BEFORE TAX		671.283	720.773	556.113
Less	TAX		137.678	28.322	36.300
	PROFIT/(LOSS) AFTER TAX		533.605	692.451	519.813
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD (K)		2923.519	2515.174	2065.360
Less	APPROPRIATIONS
	Transfer to General Reserve		60.000	80.000	70.000
	Interim Dividend paid including dividend distribution tax		0.000	152.825	0.000
	Proposed Dividend including dividend distribution tax		51.280	51.280	0.000
	Total (M)		111.280	284.105	70.000
	Balance Carried to the B/S (J+K+L-M)		3345.844	2923.520	2515.173
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	3555.344	3703.424	3116.887
		Commission Earnings	0.000	0.000	0.000
		Other Earnings	0.000	0.000	0.000
	TOTAL EARNINGS		3555.344	3703.424	3116.887
	IMPORTS
		Raw Materials	1596.520	1872.311	1780.672
		Stores & Spares	19.504	8.327	17.807
		Capital Goods	36.618	80.326	67.208
		Others	0.000	0.000	0.000
	TOTAL IMPORTS		1652.642	1960.964	1865.687
	Earnings Per Share (Rs.)		12.17	15.80	11.86

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT/Sales)	(%)	1.76	2.34	2.03
Operating Profit Margin (PBDIT / Sales)	(%)	7.83	8.05	7.70
Return on Total Assets (PBT/Total Assets}	(%)	3.41	4.14	3.45
Return on Investment (ROI) (PBT/Networth)		0.09	0.10	0.08
Debt Equity Ratio (Total Debt /Networth)		1.23	1.05	1.09
Current Ratio (Current Asset/Current Liability)		1.28	1.36	1.34

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	438.312	438.312	438.312
Reserves & Surplus	6244.564	6884.339	7300.745
Share Application money pending allotment	0.000	0.000	151.931
Net worth	6682.876	7322.651	7890.988
long-term borrowings	3547.604	3683.109	4009.750
Short term borrowings	3900.639	4011.100	5501.464
Total borrowings	7448.243	7694.209	9511.214
Debt/Equity ratio	1.115	1.051	1.205

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	25544.442	29590.275	30309.749
		15.838	2.431

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	25544.442	29590.275	30309.749
Profit	519.813	692.451	533.605
	2.03%	2.34%	1.76%

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	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	Yes
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	Yes

LITIGATION DETAILS

IN THE HIGH COURT OF DELHI AT NEW DELHI

  CS (OS) 1812/2013

  TQ6 INC ..... Plaintiff

  Through: Ms. Ankita Sharma, Advocate

versus

  M/S SURYA ROSHNI LIMITED and ANR ..... Defendant

  Through: None

  CORAM:

  DR. NEERA BHARIHOKE (DHJS), JOINT REGISTRAR (JUDICIAL)

   O R D E R

   19.05.2014

  Service report qua the summons issued to defendant no. 2 is awaited.

Fresh summons be issued against defendant No.2, returnable on 25.08.2014.

  DR. NEERA BHARIHOKE (DHJS)

  JOINT REGISTRAR (JUDICIAL)

  MAY 19, 2014

  hk

  $ 9

MANAGEMENT DISCUSSION AND ANALYSIS

A journey of thousand miles, begins from a single motivation. To sustain a long journey, one needs to stay energized, motivated and absolutely focused. At Surya Roshni, they commenced there journey in 1973 as steel tube unit making. Since then, we embarked on this journey and today Surya Roshni is an Indian multinational with diverse businesses with units in different states and indeed takes pride for being the largest Indian Lighting

Company & largest G.I & Hollow Section Pipes manufacturer. Surya products are so unique and special that it is popular in “EVERY CITY EVRY HOME”.

Surya, not only climbed the value chain to offer world class products to their customers but also expanded its horizon by entering into the realm of fans by launch of fans under its brand name 'SURYA FANS'. Each business was built with dedication and focus and going by the numbers, we sure have been successful in delivering what we set out for.

The company's core business comprises of lighting and steel tube products. The world in which we do business is changing at a significant speed. Surya, adapts its technology, product development, manufacturing capabilities and marketing with the change needs and thus became the first lighting company in India to introduce energy-efficient lighting solutions. The next generation LED technology is the latest addition to 'SURYA' cosmic range of lighting series. SURYA competitively positioned today over its rivals and has become prominent brand in the consumer market due to the following factors –

• Largest ERW Pipe and Cold Rolled Strips Mills at Bahadurgarh, Haryana
• Largest G.I & Hollow Section Pipes Manufacturer.
• High Mast and ERW pipe Manufacturing unit at Malanpur, MP.
• Introduce Square & Section pipes in steel and thus increases its product Basket and achieved higher market share.
• Asia largest ribbon glass plant from Dema Glass UK at Gwalior, MP
• Surya is the only lighting company with 100 per cent backward integration. It manufactures all its components.
• Today, Surya is the second largest seller of GLS and FTL in India.
• Surya Lamps saves up to 85% electricity & have more life.
• State-of-the-art lighting laboratory in Noida that is one of the best lighting laboratories in Asia -Surya
• Technology & Innovation Centre (STIC). STIC has been recognized as an R & D centre by DSIR,
• Ministry of Science and Technology. Listed as one of the best testing laboratories in India by BEE (Bureau of Energy Efficiency) LED lighting system.
• Surya, has an international presence in more than 54 countries
• Surya, offered a vast range of product line – up including Tube Lights, GLS, CFL Lamps, wide range of LED's, HPSV / Metal Halide Lamps, Street
• Lighting, High Bay Lighting, flooding lighting, landscape lighting and High Mast etc and thereby participate in the growing infrastructure sector.
• To complement its foray in luminaire segment, Surya Roshni has set up with state-of-the-art manufacturing facility for High Mast Lighting Systems and Octagonal Poles.
• Surya launch colorful range of ceiling, table, pedestral & wall mounting fans along with wide range domestic exhaust fans.

Quality has always been the driving force in every process from the raw material stage to the finished product at

Surya. Their commitment to deliver world-class solutions to their clients in the shortest time lag enabled us to establish presence across two corners of India and globally, leading to improved customer relationship.

By being cost effective without compromising on quality, the company has become a leader in Steel pipes industry and the second largest lighting company in India. The company's processes are certified under ISO 9001:2008 Quality Management Systems Standard, ISO 14001:2004 Environmental Management Systems

Standards and OHSAS 18001:2007 Occupational Health and Safety Management System Standard. Surya has also obtained 5 star rating for fluorescent tube lamps from Bureau of Energy Efficiency, India. Surya GLS also conforms to prestigious European safety standards - "CE" and TUV Bauart.

At Surya, they utilized the tough times to strengthen their operations and thereby setting a grander stage for a promising future. Surya is poised to capitalize on the immense opportunities unfolding in the global market giving it an edge over its peers.

INDUSTRY STRUCTURE, DEVELOPMENT & OUTLOOK

Outlook for steel pipes

India has become the global pipe manufacturing hub primarily due to the benefits of its lower cost, high quality and geographical advantages. The global accreditations and certifications that the Indian companies possess have made them preferred suppliers for many leading infrastructure and oil & gas companies in the world and particularly those in Middle East, North America and Europe. The global economy returned to sustained growth, secondly with the new stable government formed in India ,the enormous growth opportunity is seen even the project held up due to various reasons are going to start shortly and the new Infra structural development will take place in due course. Therefore the domestic pipe industry is expected to accelerate into high growth trajectory. Their demand forecasting is derived from several upcoming pipeline projects expected in India and other countries along with the normal demand for replacement of existing pipe lines. The expanding infrastructure, oil & gas and construction sectors have been the main growth drivers for steel industry that includes steel pipes.

Surya, understands in-depth the needs of its customers which guide it in adapting its technology to suit their new requirements and thus is the largest GI Pipe Manufacturer in India producing ½” – 104” Dia- Pipe for agriculture, household and Oil & Gas Sector .It produces API Pipes for India and for Exports & it also produces section pipe of MS Steel which is majorly used in infrastructure & construction sector. The section pipe started replacing beams, angles & channel also. Therefore the growth rate of section pipes will be very high in coming period. So as Surya will also be benefited with the high growth of the product in the market.

Currently, the pipe division produces nearly 8 lakh MT per annum in both galvanized and black varieties, in sizes ranging from ½” mm to 104” mm dia and in various specifications. The large diameter pipes of 100mm and above are made in grades like API 5L grades A & B as well as 5LX42, X46, X52, X56, X60, X65 and X70 (American

Petroleum Institute).

The transportation and distribution of gas widely used for domestic and commercial purposes have undergone a sea change with the gas and oil being conveyed through steel pipe lines over long distances. The surging demand based on several ongoing natural gas pipeline projects in India will surely boost the demand for steel pipes.

City gas distribution network is the promising area of growth under the oil & gas sector. The Government is planning to develop 100 cities of the country with all such amenities & infrastructure including city gas distribution will also give a big boost of demand of API pipes.

The increased emphasis and thrust given by the Government on infrastructure and hosing sectors and in particular improving water management and urban amenities, steel pipes have emerged as the most reliable, cost efficient and durable option which will again benefit the pipe industry. Mention must be made of the several initiatives taken by the Indian government to make available basic water supply and sanitation over large parts of the country. Along with the focus on oil and gas sector, these initiatives serve as a big boost to the pipe industry as a whole.

Outlook for lighting industry

Lighting is always a prime necessity in the modern world. It is an important component in the industrial growth of a country and vital at the domestic front for a good living. With the increase in residential houses, the demand for lighting and consequently the lighting industries are growing at tremendous pace. With a general improvement in the power condition both in urban and rural areas and anticipated increase in spending on infrastructure development both in public and private sectors in the coming years, the demand of regular lighting products is expected to increase by leaps and bounds.

Surya Roshni brings brightness to many homes every evening in over 54 countries across the globe.

Surya Roshni is one among the large producers in the field of light source and its components in India and has played the role of a technology leader by establishing new benchmarks for the industry. As a leader in the area of lighting equipment’s, Surya Roshni has been providing innovative and safe lighting equipment’s to its customers and became the first lighting company in India to introduce energy-efficient lighting solutions.

Surya, brings one revolution in the fan market by launch of fans under its brand name “SURYA”. Company launched colourful range of Ceiling, Table, Pedestal, Wall mounted fans along with the wide range of domestic exhaust fans. Best material and technology is used to serve as the world's best fan in India and abroad.

Surya Roshni create landmark in Lighting Industry by adding in its product portfolio LED Bulb for 5W & 7W replacing 40w & 60w incandescent lamp. LED Bulb of Surya Roshni Limited has long life (up to 25,000 hours), wide range of operating voltage (110v – 300v), and free of mercury and substantial energy savings. LED Luminaire series consist of a wider basket of luminaries catering to different applications for indoor or outdoor illumination.

Surya, wide range of world class energy efficient lamps, T5 lamps, Fluorescent lamps, high pressure sodium and mercury lamps, metal halides lamps to name a few are manufactured at state-of-the-art units with top of the line machinery and equipment’s (from FALMA-Montena S.A., Switzerland, DEMA engineering UK.GE-Hungary) to benchmarked processes and practices. Surya Roshni has instituted a culture of continuous quality up gradation and a strong system to ensure that the quality meets international benchmark.

Surya Roshni has an exhaustive range of luminaires and accessories to meet the requirement of every segment of professional lighting that includes domestic, industrial, designer, commercial, street lights besides LEDs.

Products are designed and developed after extensive in house research ensuring thereby high standards of quality. To complement its foray in luminaire segment, Surya Roshni has set up with state-of-the-art manufacturing facility for High Mast Lighting Systems and Octagonal Poles.

Apart for light source manufacturing, Surya Roshni has also been a leading manufacturer of various lamps' components since last two decades and well known as quality lamp component supplier from India.

Surya Technology & Innovation Centre (STIC) at NOIDA is Jewel in the crown of Surya stable. It is one of the best lighting laboratories in Asia. It has house the Mirror Goniophotometer from LMT-Germany and is used for developing new generation energy saving luminaries. In addition to this, Surya will provide Photometric Optical

Testing facility for all kinds of luminaries.

STEEL DIVISION

Steel Industry witnessed the tough time during the year. However, the revenue from operations of the division stood at Rs 19537.900 Million as compared to Rs 20526.700 Million in the last financial year. The export turnover of the division is Rs. 3403.200 Million in comparison to Rs.3456.200 Million in the last financial year.

The pipe division produces nearly 8,00,000 MT of various pipes per annum in both galvanized and black varities, in sizes ranging from 15mm NB to 400mm NB and in various specifications. Trust is what we build through our Steel Pipes.

The Company has continued a series of Dealer, Retailer, Plumber & Architect / Builder / Consultants Conferences along with Press conferences & Brand awareness campaigns, which has increased the demand potential substantially.

Due to the rise of demand in infrastructure project and based on the policies of new stable government at the center the demand for steel pipes will enhance substantially during the year(s).

STEEL DIVISION LIGHTING DIVISION

During the year, Lighting Division has grown at a rate much higher than that of national average of the Industry. As on date, we are the second largest Lighting Company of the country commanding a market share in excess of 25%.

The performance of the division during the year shows robust growth. Revenue from operation of the division increased to Rs. 10771.900 Million as compared to Rs. 9063.600 Million last year, an increase of 18.85 % over the previous year. The higher sales have partly been accounted by new products and geographical expansion.

We became the first lighting company in India to introduce energy-efficient lighting solutions. The recently launched LED add a great amount of colour & class as well as complimenting the existing range of our products which include CFL, Tube Light, GLS, Luminaries and Accessories, High Mast Lighting Systems, Lighting Poles etc.

LED Bulb has long life (up to 50,000 hours), wide range of operating voltage (110v – 300v), and free of mercury and substantial energy savings. LED Luminaire series consist of a wider basket of luminaries catering to different applications for indoor or outdoor illumination.

FUTURE PROSPECTS

STEEL DIVISION

India has become the global pipe manufacturing hub primarily due to the benefits of its low costs, higher quality and geographical advantages. The global accreditations and certifications that the Indian companies possess have made them preferred suppliers for many leading oil and gas companies in the world and particularly those in

Middle East, North America and Europe. The expanding infrastructure, oil & gas and construction sectors have been the main growth drivers for steel industry that includes steel pipes.

Surya, the largest GI Pipe Manufacturer in India understands in-dept the needs of its customers which guide it in adapting its technology to suit their new requirements and thus producing ½” – 104” Dia- Pipe for agriculture, household and Oil & Gas Sector .It produces API Pipes for India and for Exports & currently introduced

Section Pipes in Steel Range to increase the product Basket to achieve higher market share.

Further, our commitment to deliver world class products to their clients / customers in the shortest time leg enabled us to establish presence across all corners of India and globally.

LIGHTING DIVISION

Electric light, once considered as night time substitute for day light, becomes 24x365 hours companion in all of human activities. Lighting is always a prime necessity in the modern world. With the increase in residential houses, the demand for lighting and consequently the lighting industries are growing at tremendous pace. With growing demand for lighting products, the Lighting industry make valuable contribution in the growth and progress of their economy.

Surya Roshni brings brightness to many homes every evening in over 54 countries across the globe as it has an exhaustive range of luminaries and accessories to meet the requirements of every segment of the society.

Surya, understands in-dept the needs of its customers which guide it in adapting its technology to suit their new requirements and thus offered a vast range of product line up including Tube Lights, GLS,CFL Lamps, wide range of LED's, HPSV / Metal Halide Lamps, Street Lighting and High Mast etc. and thereby participate in the growing infrastructure sector.

The next generation LED technology is the latest addition to 'Surya' cosmic range of lighting series. This energy efficient luminary is available in many mounting options to offer a flexible LED lighting solution which took the LED market by storm.

India, being home to the largest working population is witnessing a surge in office lighting and home lighting solutions. Through whole hearted efforts and better commitment at all levels and having large distributor strength across pan - India, we at Surya will be provide a more healthy growth and profitability in the years to come.

UNSECURED LOAN

(Rs. In Million)

Particulars	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWING
Term loans	739.800	649.822
Public Deposits	631.314	651.468
Inter – Corporate Deposits	0.000	47.500
Total	1371.114	1348.790

CONTINGENT LIABILITIES AND COMMITMENTS

Particulars	As at 31.03.2014	As at 31.03.2013
Contingent Liabilities
Claims against the company not acknowledged as debt;	22.931	22.931
Guarantees;	877.414	383.022
Corporate Guarantee in favor of Banks for providing term loans to Surya Global Steel Tubes Limited: Sanctioned term loans amount - Rs. 135.000 Million; Outstanding term loans amount- Rs. 560.000 Million	1350.000	1350.000
Bonds executed by the Company to Custom Department against export obligation under EPCG Scheme	274.470	332.545
Other money for which the company is contingently liable	--	--
Total	2524.815	2088.498
Commitments	---	---
Estimated amount of contracts remaining to be executed account and not provided for;	---	---
Total	---	---

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10559370	09/03/2015	300,000,000.00	State Bank of Patiala	Commercial Branch, SCO 103-107, Sector 8-C,, Chandigarh, Chandigarh - 160009, INDIA	C49205594
2	10553463	26/02/2015	1,150,000,000.00	State Bank Of Travancore	Commercial Branch, Travancore House, K. G. Marg,,  New Delhi, Delhi - 110001, INDIA	C45810538
3	10547893	16/01/2015	300,000,000.00	Export-Import Bank of India	Centre One Building Floor 21st, World Trade Centre Complex Cuffe Parade, Mumbai, Maharashtra - 400005, INDIA	C42938951
4	10532963	07/11/2014	500,000,000.00	State Bank of Mysore	F-6, Upper Ground Floor, East of Kailash,, Lala Lajpat Rai Marg,, New Delhi, Delhi - 110065, INDIA	C34689190
5	10518221	08/08/2014	4,500,000,000.00	State Bank of India	Special Commercial Branch, SCO 103-106, Sector - 17B, Chandigarh, Chandigarh - 160017, INDIA	C19301191
6	10518219	07/08/2014	1,220,000,000.00	State Bank of Patiala	Commercial Branch, SCO 103-107,, Sector 8-C,, Chandigarh, Chandigarh - 160009, INDIA	C19299817
7	10484842	27/06/2014 *	200,000,000.00	Punjab National Bank	28A, K.G.Marg, ECE House,, New Delhi, Delhi - 110001, INDIA	C11580586
8	10477197	27/06/2014 *	500,000,000.00	State Bank Of Travancore	Commercial Branch, Travancore House, K. G. Marg,,  New Delhi, Delhi - 110001, INDIA	C09099466
9	10480426	11/01/2014	1,030,000,000.00	Canara Bank	269, 270 Fruit & Veg. Market,, Okhla Industrial Estate,, New Delhi, Delhi - 110020, INDIA	B97530984
10	10460677	29/11/2013 *	1,236,390,000.00	State Bank of India	Specialised Commercial Branch, SCO 103-106, Sector-17-B,, Chandigarh, Chandigarh - 160017, INDIA	B94677275

* Date of charge modification

FIXED ASSETS

• Land Freehold
• Land under lease
• Buildings
• Plant and Equipment
• Furniture and Fixtures
• Vehicles
• Office equipment
• Air Conditioner and Coolers
• Temporary Construction
• Electric Equipments
• Miscellaneous Assets
• Computer

STATEMENT OF STANDALONE UNAUDITED RESULTS FOR THE QUARTER AND HALF YEAR ENDED ON 30^th SEPTEMBER 2014

(Rs. In Millions)

PARTICULARS		3 Months Ended (Unaudited)		Year Ended (Unaudited)
		30.9.2014	30.06.2014	30.09.2014
1	Income from operations
	(a) Net Sales/Income from operations
	Gross Sales	7428.100	7262.700	14690.800
	Less : Excise Duty	511.000	541.600	1052.600
	Net Sales/Income from operations	6917.100	6721.100	13638.200
	(b) Other Operating Income	--	----	---
	Total income from operations(net)	6917.100	6721.100	1368.200
2	Expenses
	(a) Cost of materials consumed	4967.000	4409.500	9376.500
	(b) Purchases of stock-in-trade	367.100	360.600	727.700
	(c ) Changes in inventories of finished goods, work-in-progress and stock-in-trade	(300.500)	139.900	(160.600)
	(d) Employee benefits expenses	377.600	384.600	762.200
	(e) Depreciation and amortisation expense	139.700	136.600	276.300
	(f) Other expenses	938.300	869.600	1807.900
	Total Expenses	6489.200	6300.800	12790.000
3	Profit/(Loss) from operations before other income, finance costs and exceptional items(1-2)	427.900	420.300	848.200
4	Other Income	5.300	2.000	7.300
5	Profit/(Loss) from ordinary activities before finance costs and exceptional items(3+4)	433.2000	422.300	855.500
6	Finance costs	289.500	288.900	578.400
7	Profit/(Loss) from ordinary activities after finance costs but before exceptional items(5-6)	143.700	133.400	277.100
8	Exceptional Items	--	----	---
9	Profit/(Loss) from ordinary activities before tax(7+8)	143.700	133.400	277.100
10	Tax Expenses
	Current Tax	0.400	17.400	17.800
	Differed Tax	20.300	4.000	24.300
11	Net Profit/(Loss) from ordinary activities after tax	123.000	112.000	235.000
12	Extraordinary items (net of tax expenses)	--	----	---
13	Net Profit/(Loss) for the period (11+12)	123.000	112.000	235.000
14	Share of Profit / (loss) of associates	---	----	---
15	Minority Interest	---	----	---
16.	Net Profit/(Loss) after taxes, minority interest and share of profit/(loss) of associates (13+14+15).	123.000	112.000	235.000
17	Paid up - Equity Share Capital (FacevalueRe.10/-per share)	4383	4383	4383
18	Reserves excluding Revaluation Reserve as per balance sheet of previous accounting year	---	---	---
19.i	Earning per share (before extraordinary items) (of Rs. each) (not annualised)( in Rs. Per share)
	a) Basic	2.81	2.56	5.37
	b) Diluted	2.81	2.56	5.37
19.ii	Earning per share (after extraordinary items) (of Rs. each) (not annualised)( in Rs. Per share)
	a) Basic	2.81	2.56	5.37
	b) Diluted	2.81	2.56	5.37

SEGMENT WISE REVENUE, RESULTS AND CAPITAL EMPLOYED

(Rs. In Millions)

	PARTICULARS	3 Months Ended		Year Ended
		30.9.2014	30.06.2014	30.09.2014
		(Unaudited)	(Unaudited)	(Audited)
1	Segment Revenue
	(a) Steel Products	4565.300	4662.500	9227.800
	(b) Lighting Products	2862.800	2600.200	5463.000
	Total Segment Revenue	7428.100	7262.700	14690.800
	Less : Inter segment Revenue	--	--	--
	Less: Excise Duty	511.000	541.600	1052.600
	Net Sales/Income from operations	6917.100	6721.100	13638.200
2	Segment Results (Profit/(loss) before tax and interest from each segment)
	(a) Steel Products	131.400	139.000	270.400
	(b) Lighting Products	301.800	283.300	585.100
	TOTAL	433.200	422.300	855.500
	Less: (i) Finance Cost	289.500	288.900	578.400
	(ii) Other unallocable expenditure net off	--	--	--
	(iii) unallocable income	--	--	--
	Total Profit before tax	143.700	133.400	277.100
3	Capital Employed (Segment Assets less Segment Liabilities)
	(a) Steel Products	11581.200	11278.700	11581.200
	(b) Lighting Products	6313.800	5893.200	6313.800
	TOTAL	17895.000	17171.900	1789.500

SELECT INFORMATION FOR THE QUARTER AND HALF YEAR ENDED ON 30^th SEPTEMBER, 2014

A. PARTICULARS OF SHARE HOLDING		3 Months Ended		Year Ended
		30.09.2014	30.06.2014	30.09.2014
1	Public shareholding
	No. of shares	15775068	15775068	15775068
	Percentage of Holding	35.9	35.99	35.99
2	Promoters and Promoters group shareholding
	a) Pledged/Encumbered
	- Number of shares	6804161	---	6804161
	- Percentage of shares(as a % of the total shareholding of promoter and promoter group)	24.25	---	24.25
	- Percentage of shares(as a % of the total share capital of the Company)	15.52	---	15.52
	b) Non-encumbered
	- Number of shares	21252021	28056182	21252021
	- Percentage of shares(as a % of the total shareholding of promoter and promoter group)	75.75	100.00	75.75
	- Percentage of shares(as a % of the total share capital of the Company)	48.49	64.01	48.49

	Particulars	3 Months Ended 30.09.2014
B.	INVESTOR COMPLAINTS
	Pending at the beginning of the year	Nil
	Received during the year	6
	Disposed of during the year	6
	Remaining unresolved at the end of the year	Nil

STATEMENT OF ASSETS AND LIABILITIES

(Rs. In Million)

	Particulars	As at Half Year Ended (Unaudited) 30.09.2014
A	EQUITY AND LIABILITIES
(1)	Shareholders' funds
	(a) Share capital	438.300
	(b) Reserves and surplus	7419.300
	(c) Money received against share warrants	--
	Sub-total-Shareholders' funds	7857.600
(2)	Share application money pending allotment	---
(3)	Minority interest	---
(4)	Non-current liabilities
	(a) Long-term borrowings	3314.100
	(b) Deferred tax liabilities (Net)	507.800
	(c) Other Long term liabilities	63.100
	(d) Long-term provisions	175.600
	Sub-total-Non-current liabilities	4060.600
(5)	Current liabilities
	(a) Short-term borrowings	5301.100
	(b) Trade payables	1419.900
	(c) Other current liabilities	1202.500
	(d) Short-term provisions	398.8000
	Sub-total-current liabilities	8322.300
	TOTAL -EQUITYAND LIABILITIES	20240.500
B.	ASSETS
(1)	Non-current assets
	(a) Fixed assets	9496.100
	(b) Goodwill on consolidation	--
	(c) Non-current investments	500.000
	(d) Deferred tax assets (net)	---
	(e) Long-term loans and advances	---
	(f) Other non-current assets	---
	Sub-total-Non-current Assets	9996.100
(2)	Current assets
	(a) Current investments	---
	(b) Inventories	4243.000
	(c) Trade receivables	4811.000
	(d) Cash and Bank Balances	266.400
	(e) Short-term loans and advances	850.600
	(f) Other current assets	73.400
	Sub-total-Current Assets	10244.400
	TOTAL -ASSETS	20240.500

NOTE :

1. The Unaudited Financial Results have been reviewed by the Audit Committee and approved by the Board of Directors at the meeting held on 14^th November, 2014.
2. The Statutory Auditors of the Company have carried out a Limited Review of the results and have issued an unqualified Review Report.
3. Consequent to the introduction of Schedule of the Companies Act, 2013 becoming effective from April 1, 2014, the company have re-worked depreciation with reference to the estimated useful lives of fixed assets prescribed under Schedule II of the Act or re-assessed by the Company as per technical evaluation. As a result, the charge for depreciation is higher by Rs. 14.600 Million for the quarter and Rs. 29.000 Million for the half year ended 30^th September, 2014.

4. CMT REPORT (Corruption, Money Laundering & Terrorism]

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

1] INFORMATION ON DESIGNATED PARTY

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

2] Court Declaration :

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

3] Asset Declaration :

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

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

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

Charges or investigation registered against subject: None

7] Criminal Records

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

8] Affiliation with Government :

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

9] Compensation Package :

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

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

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

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

CONTRAVENTION

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

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.63.61
UK Pound	1	Rs.96.55
Euro	1	Rs.69.18

INFORMATION DETAILS

Information Gathered by :	RKA
Analysis Done by :	RAS
Report Prepared by :	RNK

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILITY	1~10	6
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	6
--RESERVES	1~10	6
--CREDIT LINES	1~10	6
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	YES
--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	YES
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		54

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.