MIRA INFORM REPORT

Report No. :	338548
Report Date :	28.08.2015

IDENTIFICATION DETAILS

Name :	CONCAST GLOBAL LIMITED
Registered Office :	21, Hemant Basu Sarani, Mezzanine Floor, Kolkata – 700001, West Bengal
Tel. No.:	91-33-40232323
Country :	India
Financials (as on) :	30.06.2014
Date of Incorporation :	03.01.1996
Com. Reg. No.:	21-076334
Capital Investment / Paid-up Capital :	Rs.62.651 Million
CIN No.: [Company Identification No.]	U27106WB1996PLC076334
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	Not Available
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer of Iron and Steel.
No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

B (31)

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 incorporated during the year 1996. It has a moderate track record. For the financial year 2014, though the company has achieved decent sales turnover but it possesses average operational activity and has incurred huge losses during the year. The company has decent reserves position and low borrowing. The rating is constrain on account due to market fluctuation in steel industries. However, trade relations are reported as fair. Business is active. Payments terms are slow but correct. In view of losses incurred, 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 – March 31, 2015

Country Name	Previous Rating (31.12.2014)	Current Rating (31.03.2015)
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	CARE
Rating	Long term rating: BB- (Suspended)
Rating Explanation	Inadequate credit quality and high credit risk.
Date	11.09.2014

Reason for suspension: Absence of requisite information.

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 31-03-2013.

INFORMATION DECLINED BY

Name :	Mr. S K Shahu
Designation :	Assistant Account Executive
Contact No.:	91-33-40232323
Date :	26.08.2015

LOCATIONS

Registered Office :	21, Hemant Basu Sarani, Mezzanine Floor, Kolkata – 700001, West Bengal, India
Tel. No.:	91-33-40232323
Fax No.:	Not Available
E-Mail :	mca@concastgroup.com

DIRECTORS

AS ON 31.03.2015

Name :

Mr. Anil Kumar Kedia

Designation :

Director

Address :

4/5, 4th Floor, Singhi Bagan Lane, Kolkata - 700006, West Bengal, India

Date of Birth/Age :

14.04.1973

Date of Appointment :

13.05.2006

DIN No.:

01364304

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	U27106WB1996PLC076334	CONCAST GLOBAL LIMITED	Director	13/05/2006	13/05/2006	-	Active	NO
2	U51101WB2009PLC132009	CONCAST EXIM LIMITED	Additional director	1/12/2013	15/01/2009	-	Active	NO
3	U27109WB1995PLC067953	DANKUNI STEELS LTD	Director	19/03/2009	19/03/2009	-	Active	NO
4	U51909WB2006PLC111597	CONCAST VYAPAAR LIMITED	Director	30/09/2011	31/03/2011	-	Active	NO
5	U51909WB1978PLC031558	SUREKA EXPORTS LTD	Director	4/6/2012	4/6/2012	-	Active	NO
6	U27109WB2004PLC099978	CONCAST ENERGY LIMITED	Director	29/09/2012	5/6/2012	-	Active	NO
7	U51909WB1995PLC072045	CONCAST STEEL & POWER LIMITED	Director	30/09/2013	7/8/2013	-	Active	NO
8	U27310WB2007PLC118140	CONCAST SHEETS & TUBES LIMITED	Director	30/09/2013	7/8/2013	-	Active	NO
9	U74900WB2013PLC197050	CONCAST COMMOTRADE LIMITED	Director	5/9/2013	5/9/2013	-	Active	NO
10	U40300WB2012PTC186479	CONCAST SOLAR POWER PRIVATE LIMITED	Additional director	1/12/2013	1/12/2013	-	Active	NO
11	U51909WB2007PTC118553	SODEPUR COMMERCIAL PRIVATE LIMITED	Additional director	1/12/2013	1/12/2013	-	Active	NO
12	U27109WB1995PLC071063	CONCAST BENGAL INDUSTRIES LTD	Additional director	1/12/2013	1/12/2013	-	Active	NO
13	U27101WB1941PLC010497	CONCAST ISPAT LTD	Additional director	22/03/2014	22/03/2014	-	Active	NO
14	U72200WB2001PLC093976	IMPEX INFOTECH LIMITED	Director	26/05/2014	26/05/2014	2/12/2014	Active	NO

Name :

Mr. Sanjay Kumar Sureka

Designation :

Director

Address :

28/1, Shakespeare Sarani, Kolkata - 700017, West Bengal, India

Date of Birth/Age :

22.01.1971

Date of Appointment :

30.09.2011

DIN No.:

00218025

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	U51909WB1978PLC031558	SUREKA EXPORTS LTD	Director	2/11/1992	2/11/1992	-	Active	NO
2	U27101WB1941PLC010497	CONCAST ISPAT LTD	Managing director	1/4/2014	27/09/1999	-	Active	NO
3	U70109WB2002PTC094216	CONCAST INFRASTRUCTURE PRIVATE LIMITED	Director	16/04/2010	11/2/2002	-	Active	NO
4	U15499WB2002PLC094218	ORGANIC GREEN FOODS LIMITED	Director	12/2/2002	12/2/2002	30/04/2009	Active	NO
5	U27109WB1995PLC071063	CONCAST BENGAL INDUSTRIES LTD	Director	30/09/2011	12/2/2002	-	Active	NO
6	U27109WB1995PLC067953	DANKUNI STEELS LTD	Director	10/4/2004	10/4/2004	-	Active	NO
7	U27109WB2004PLC099978	CONCAST ENERGY LIMITED	Director	28/09/2004	28/09/2004	4/5/2009	Active	NO
8	U14108WB2005PTC104298	BANKURA DRI MINING MANUFACTURERS COMPANY PRIVATE LIMITED	Director	27/07/2005	27/07/2005	-	Active	NO
9	U36900WB2006PTC108596	CONCAST BEVERAGES PRIVATE LIMITED	Director	17/03/2006	17/03/2006	-	Active	NO
10	U27106WB1996PLC076334	CONCAST GLOBAL LIMITED	Director	30/09/2011	13/05/2006	-	Active	NO
11	U51909WB2006PLC111597	CONCAST VYAPAAR LIMITED	Director	25/10/2006	25/10/2006	-	Active	NO
12	U27310WB2007PLC118140	CONCAST SHEETS & TUBES LIMITED	Director	28/08/2007	28/08/2007	4/5/2009	Active	NO
13	U51109WB1990PTC048957	JAI BHOLA TRADING COMPANY PVT. LTD.	Director	14/01/2008	14/01/2008	27/04/2009	Active	NO
14	U51909WB1995PLC072045	CONCAST STEEL & POWER LIMITED	Managing director	6/1/2015	3/7/2008	-	Active	NO
15	U27100WB2008PTC129844	CONCAST ENGINEERING PRIVATE LIMITED	Director	3/10/2008	3/10/2008	15/12/2012	Active	NO
16	U51101WB2009PLC132009	CONCAST EXIM LIMITED	Director	15/01/2009	15/01/2009	-	Active	NO
17	U85110WB2009PTC139889	INDO-US HEALTHCARE PRIVATE LIMITED	Director	3/12/2009	3/12/2009	15/12/2012	Active	NO
18	U40105AR2008PLC008256	SATYAM (NORTH EAST) THERMAL POWER LIMITED	Director	7/1/2010	7/1/2010	3/12/2012	Active	NO
19	U10102AR2008PLC008257	CONCAST CEMENT INDUSTRIES LIMITED	Director	7/1/2010	7/1/2010	-	Active	NO
20	U11101AR2010PLC008294	SATYAM (NORTH EAST) ENERGY LIMITED	Director	5/3/2010	5/3/2010	16/02/2012	Active	NO
21	U51101WB2010PTC151974	ROOTSTAR TRADELI NK PRIVATE LIMITED	Director	10/9/2010	10/9/2010	21/08/2014	Active	NO
22	U45400WB2010PLC153282	CONCAST INFRATECH LIMITED	Director	22/09/2010	22/09/2010	10/12/2013	Active	NO
23	U51103WB2011PTC158382	CONCAST CEMENT PRIVATE LIMITED	Director	2/2/2011	2/2/2011	5/12/2012	Active	NO
24	U26922WB2006PTC109915	SWATI UDYOG PVT LTD	Director	21/06/2011	15/03/2011	25/01/2012	Active	NO
25	U41000WB2011PTC160977	CONCAST INDO RUSS WATER PRIVATE LIMITED	Director	21/03/2011	21/03/2011	5/12/2012	Active	NO
26	U64202WB1995PLC075980	I-WIN ADVISORY SERVICES LIMITED	Director	29/09/2011	2/5/2011	25/04/2014	Active	NO
27	U51909WB2007PTC118553	SODEPUR COMMERCIAL PRIVATE LIMITED	Director	30/09/2011	1/6/2011	15/12/2012	Active	NO
28	U45400WB2011PTC170236	CONCAST DAMOH ROAD PROJECT PRIVATE LIMITED	Additional director	18/08/2015	2/12/2011	-	Active	NO
29	U45203WB2011PTC170728	CONCAST DHANETA ROAD PROJECTS PRIVATE LIMITED	Director	15/12/2011	15/12/2011	18/04/2014	Active	NO
30	U45203WB2011PTC171173	CONCAST PATAN ROAD PROJECTS PRIVATE LIMITED	Director	26/12/2011	26/12/2011	-	Active	NO
31	U45400WB2011PTC171198	CONCAST AMBHA ROAD PROJECTS PRIVATE LIMITED	Director	26/12/2011	26/12/2011	25/04/2014	Active	NO
32	U45400WB2011PTC171170	CONCAST JAWASA ROAD PROJECTS PRIVATE LIMITED	Director	26/12/2011	26/12/2011	18/04/2014	Active	NO
33	U45400WB2012PTC171877	LIFEWOOD PROMOTERS PRIVATE LIMITED	Director	10/1/2012	10/1/2012	21/08/2014	Active	NO
34	U45400WB2012PTC171876	HARDSOFT PROMOTERS PRIVATE LIMITED	Director	10/1/2012	10/1/2012	21/08/2014	Active	NO
35	U45400WB2012PTC172398	CONCAST PATH BAMEETHA SATNA ROAD PROJECTS PRIVATE LIMITED	Director	17/01/2012	17/01/2012	-	Active	NO
36	U45400WB2012PTC171878	STARTREE RESIDENCY PRIVATE LIMITED	Director	16/02/2012	16/02/2012	21/08/2014	Active	NO
37	U45203WB2012PTC183550	CONCAST SENDHWA ROAD PROJECTS PRIVATE LIMITED	Director	6/7/2012	6/7/2012	-	Active	NO
38	U23101ML2012PTC008517	CARBOENERGY RESOURCES PRIVATE LIMITED	Director	22/08/2012	22/08/2012	1/10/2014	Active	NO
39	U40300WB2012PTC186479	CONCAST SOLAR POWER PRIVATE LIMITED	Director	26/09/2012	26/09/2012	28/01/2013	Active	NO
40	U45400WB2012PTC186737	CONCAST MORENA ROAD PROJECTS PRIVATE LIMITED	Director	3/10/2012	3/10/2012	19/04/2014	Active	NO
41	U45400WB2012PTC189322	CONCAST BADNAGAR ROAD PROJECTS PRIVATE LIMITED	Director	18/12/2012	18/12/2012	-	Active	NO
42	U45400WB2013PTC195801	CONCAST JABALPUR ROAD PROJECTS PRIVATE LIMITED	Director	23/07/2013	23/07/2013	-	Active	NO
43	U74900WB2013PLC197050	CONCAST COMMOTRADE LIMITED	Director	5/9/2013	5/9/2013	18/04/2014	Active	NO
44	U45400WB2014PTC200055	CONCAST HYUNDAI HALDIA PORT PRIVATE LIMITED	Director	7/2/2014	7/2/2014	-	Active	NO
45	AAA-5148	SANJAY COMMOTRADE LLP	Designated Partner	10/6/2011	10/6/2011	-	Active	NO

Name :

Mr. Chetan Kumar Jain

Designation :

Additional director

Address :

F-53/7, Karunamoyee Estate, Salt Lake, Kolkata - 700091, West Bengal, India

Date of Birth/Age :

30.01.1974

Date of Appointment :

15.01.2010

DIN No.:

00694433

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	U51109WB1994PTC063377	CAMPO COMMERCIAL PVT.LTD.	Director	27/02/1997	27/02/1997	-	Strike off	NO
2	U74140WB2005PTC106250	FASTRACK LOGISTICS & SERVICES PRIVATE LIMITED	Director	15/05/2006	15/05/2006	1/9/2009	Active	NO
3	U51101WB2009PLC132009	CONCAST EXIM LIMITED	Whole-time director	1/3/2013	14/01/2010	-	Active	NO
4	U27106WB1996PLC076334	CONCAST GLOBAL LIMITED	Additional director	15/01/2010	15/01/2010	-	Active	NO
5	U51101WB2010PTC151974	ROOTSTAR TRADELI NK PRIVATE LIMITED	Director	10/9/2010	10/9/2010	20/09/2014	Active	NO
6	U45400WB2010PLC153282	CONCAST INFRATECH LIMITED	Director	22/09/2010	22/09/2010	-	Active	NO
7	U28999WB2010PTC154383	CONCAST WHEEL & AXLE PRIVATE LIMITED	Director	1/11/2010	1/11/2010	-	Active	NO
8	U51103WB2011PTC158382	CONCAST CEMENT PRIVATE LIMITED	Director	2/2/2011	2/2/2011	-	Active	NO
9	U26922WB2006PTC109915	SWATI UDYOG PVT LTD	Director	15/03/2011	15/03/2011	26/09/2013	Active	NO
10	U41000WB2011PTC160977	CONCAST INDO RUSS WATER PRIVATE LIMITED	Director	21/03/2011	21/03/2011	-	Active	NO
11	U64202WB1995PLC075980	I-WIN ADVISORY SERVICES LIMITED	Director	29/09/2011	2/5/2011	-	Active	NO
12	U45400WB2011PTC170236	CONCAST DAMOH ROAD PROJECT PRIVATE LIMITED	Director	2/12/2011	2/12/2011	-	Active	NO
13	U45203WB2011PTC170728	CONCAST DHANETA ROAD PROJECTS PRIVATE LIMITED	Director	15/12/2011	15/12/2011	-	Active	NO
14	U45400WB2011PTC171198	CONCAST AMBHA ROAD PROJECTS PRIVATE LIMITED	Director	26/12/2011	26/12/2011	-	Active	NO
15	U45203WB2011PTC171173	CONCAST PATAN ROAD PROJECTS PRIVATE LIMITED	Director	26/12/2011	26/12/2011	-	Active	NO
16	U45400WB2011PTC171170	CONCAST JAWASA ROAD PROJECTS PRIVATE LIMITED	Director	26/12/2011	26/12/2011	-	Active	NO
17	U45400WB2012PTC172398	CONCAST PATH BAMEETHA SATNA ROAD PROJECTS PRIVATE LIMITED	Director	17/01/2012	17/01/2012	-	Active	NO
18	U51909WB2012PTC179671	SHIVBHAKTI MERCANTILE PRIVATE LIMITED	Director	4/5/2012	4/5/2012	-	Active	NO
19	U51909WB2012PTC182376	DHANAPATI RETAILERS PRIVATE LIMITED	Director	5/7/2012	5/7/2012	21/08/2014	Active	NO
20	U45203WB2012PTC183550	CONCAST SENDHWA ROAD PROJECTS PRIVATE LIMITED	Director	6/7/2012	6/7/2012	9/12/2013	Active	NO
21	U40300WB2012PTC186479	CONCAST SOLAR POWER PRIVATE LIMITED	Director	26/09/2012	26/09/2012	-	Active	NO
22	U45400WB2012PTC186737	CONCAST MORENA ROAD PROJECTS PRIVATE LIMITED	Director	3/10/2012	3/10/2012	-	Active	NO
23	U85110WB2009PTC139889	INDO-US HEALTHCARE PRIVATE LIMITED	Director	30/09/2013	5/12/2012	28/06/2014	Active	NO
24	U45400WB2012PTC189322	CONCAST BADNAGAR ROAD PROJECTS PRIVATE LIMITED	Director	18/12/2012	18/12/2012	9/12/2013	Active	NO
25	U45400WB2013PTC195801	CONCAST JABALPUR ROAD PROJECTS PRIVATE LIMITED	Director	23/07/2013	23/07/2013	9/12/2013	Active	NO
26	U45400WB2013PTC194205	DHANAASHA NIRMAAN PRIVATE LIMITED	Director	31/08/2013	31/08/2013	1/12/2014	Active	NO
27	U74900WB2013PLC197050	CONCAST COMMOTRADE LIMITED	Director	5/9/2013	5/9/2013	-	Active	NO
28	U45400WB2014PTC200055	CONCAST HYUNDAI HALDIA PORT PRIVATE LIMITED	Director	7/2/2014	7/2/2014	-	Active	NO

KEY EXECUTIVES

Name :	Mr. S K Shahu
Designation :	Assistant Account Executive

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2013

SHAREHOLDING DETAIL FILE ATTACHED

Equity Share Break up (Percentage of Total Equity)

AS ON 30.09.2013

Category	Percentage
Bodies corporate	99.00
Other top fifty shareholders	1.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer of Iron and Steel.
Products :	Iron and Steel.
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
Maximum Limit Dealt :	Not Divulged
Experience :	Not Divulged
Remark:	Not Divulged

Customers :

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

No. of Employees :

Information declined by the management

Bankers :

• Syndicate Bank, Large Corporate Branch, LIC Building, Illco House, 1 Brabourne Road, Kolkata - 700001, West Bengal, India
• United Bank of India, Corporate Finance Branch, Kolkata, 11, Hemanta Basu Sarani,, Kolkata - 700001, West Bengal, India
• Corporation Bank, Corporate Banking Branch, 17, Brabourne Road, Mookherjee House, 1st Floor, Kolkata - 700001, West Bengal, India
• Allahabad Bank, Kolkata Main Branch, 14, India Exchange Place, Kolkata - 700001, West Bengal, India

Banker Name	Canara Bank
Branch Address	Prime Corporate Branch, Bells House, 21, Camac Street, Ground Floor, Kolkata - 700016, West Bengal, 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

Facilities :

(Rs. In Million)

SECURED LOAN	As on 30.06.2014 (15 Months)	As on 31.03.2013 (12 Months)
LONG TERM BORROWING
Loans taken for vehicles	1.382	0.956
SHORT TERM BORROWING
Working capital loans from banks	3054.069	948.326
Loans taken for vehicles	1.874	1.438
Total	3057.325	950.720

Auditors :
Name :	D.N.Gupta and Associates Chartered Accountant
Address :	10, Ganesh Chandra Avenue, 5Th Floor, Suite No. 32
PAN N Income-tax PAN of auditor or auditor's firm :	AAGFD7545K
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	--

CAPITAL STRUCTURE

AS ON 30.06.2014

Authorised Capital :

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

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
6265132	Equity Shares	Rs.10/- each	Rs. 62.651 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	30.06.2014 (15 Months)	31.03.2013 (12 Months)	31.03.2012 (12 Months)
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	62.651	36.546	36.046
(b) Reserves & Surplus	2043.485	1323.587	1210.803
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	2106.136	1360.133	1246.849
(3) Non-Current Liabilities
(a) long-term borrowings	1.382	3.956	2.023
(b) Deferred tax liabilities (Net)	0.000	0.000	0.006
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	1.382	3.956	2.029
(4) Current Liabilities
(a) Short term borrowings	3055.943	949.764	972.339
(b) Trade payables	3995.457	2021.281	1500.042
(c) Other current liabilities	8.270	33.674	9.092
(d) Short-term provisions	0.000	67.318	40.490
Total Current Liabilities (4)	7059.670	3072.037	2521.963
TOTAL	9167.188	4436.126	3770.841
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	198.676	191.485	4.012
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.000	0.000	0.000
(c) Deferred tax assets (net)	0.126	0.126	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	198.802	191.611	4.012
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	1453.100	1176.247	1154.872
(c) Trade receivables	6621.171	2685.337	2236.562
(d) Cash and cash equivalents	454.387	241.970	163.106
(e) Short-term loans and advances	367.430	20.175	162.666
(f) Other current assets	72.298	120.786	49.623
Total Current Assets	8968.386	4244.515	3766.829
TOTAL	9167.188	4436.126	3770.841

PROFIT & LOSS ACCOUNT

	PARTICULARS	30.06.2014 (15 Months)	31.03.2013 (12 Months)	31.03.2012 (12 Months)
	SALES
	Income	26498.510	13015.911	8660.048
	Other Income	37.464	22.375	18.538
	TOTAL (A)	26535.974	13038.286	8678.586
Less	EXPENSES
	Purchases of Stock-in-Trade	25977.844	12744.226	9352.438
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(276.853)	(21.375)	(863.512)
	Employees benefits expense	1.522	0.977	0.885
	Other expenses	299.696	33.715	22.385
	TOTAL (B)	26002.209	12757.543	8512.196
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	533.765	280.743	166.390
Less	FINANCIAL EXPENSES (D)	750.266	145.078	76.509
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	(216.501)	135.665	89.881
Less/ Add	DEPRECIATION/ AMORTISATION (F)	1.169	1.039	0.313
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	(217.670)	134.626	89.568
Less	TAX (H)	2.224	39.341	29.203
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)	(219.894)	95.285	60.365
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD	188.134	92.849	32.484
	Balance Carried to the B/S	(31.760)	188.134	92.849
	Earnings / (Loss) Per Share (Rs.)
	Basic	0.00	26.07	16.75
	Diluted	(60.35)	26.43	16.75

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	30.06.2014 (15 Months)	31.03.2013 (12 Months)	31.03.2012 (12 Months)
Current Maturities of Long term debt	NA	NA	NA
Cash generated from operations	NA	NA	NA
Net cash flows from (used in) operations	(2779.183)	282.663	(1364.454)

KEY RATIOS

PARTICULARS		30.06.2014 (15 Months)	31.03.2013 (12 Months)	31.03.2012 (12 Months)
Net Profit Margin (PAT / Sales)	(%)	(0.83)	0.73	0.70
Operating Profit Margin (PBIDT/Sales)	(%)	2.01	2.16	1.92
Return on Total Assets (PBT/Total Assets}	(%)	(2.37)	3.03	2.38
Return on Investment (ROI) (PBT/Networth)		(0.10)	0.10	0.07
Debt Equity Ratio (Total Debt /Networth)		1.45	0.70	0.78
Current Ratio (Current Asset/Current Liability)		1.27	1.38	1.49

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	30.06.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	36.046	36.546	62.651
Reserves & Surplus	1210.803	1323.587	2043.485
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	1246.849	1360.133	2106.136
long-term borrowings	2.023	3.956	1.382
Short term borrowings	972.339	949.764	3055.943
Total borrowings	974.362	953.720	3057.325
Debt/Equity ratio	0.781	0.701	1.452

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	30.06.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	8660.048	13015.911	26498.510
		50.298	103.586

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	30.06.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	8660.048	13015.911	26498.510
Profit	60.365	95.285	(219.894)
	0.70%	0.73%	(0.83%)

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check list by info agents	Available in Report (Yes/No)
1	Year of establishment	Yes
2	Constitution of the entity -Incorporation details	Yes
3	Locality of the entity	Yes
4	Premises details	No
5	Buyer visit details	--
6	Contact numbers	Yes
7	Name of the person contacted	Yes
8	Designation of contact person	Yes
9	Promoter’s background	Yes
10	Date of Birth of Proprietor / Partners / Directors	Yes
11	Pan Card No. of Proprietor / Partners	No
12	Voter Id Card No. of Proprietor / Partners	No
13	Type of business	Yes
14	Line of Business	Yes
15	Export/import details (if applicable)	No
16	No. of employees	No
17	Details of sister concerns	No
18	Major suppliers	No
19	Major customers	No
20	Banking Details	Yes
21	Banking facility details	Yes
22	Conduct of the banking account	--
23	Financials, if provided	Yes
24	Capital in the business	Yes
25	Last accounts filed at ROC, if applicable	Yes
26	Turnover of firm for last three years	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last three years	Yes
30	Major shareholders, if available	Yes
31	External Agency Rating, if available	Yes
32	Litigations that the firm/promoter involved in	--
33	Market information	--
34	Payments terms	No
35	Negative Reporting by Auditors in the Annual Report	No

NOTE: Registered office of the company has been shifted from 8 Bentinck Street, Kolkata – 700001, West Bengal, India to the present address w.e.f. 02.06.2011

UNSECURED LOAN

(Rs. In Million)

Particulars	As on 30.06.2014 (15 Months)	As on 31.03.2013 (12 Months)
LONG TERM BORROWING
Intercorporate borrowings	0.000	3.000
Total	0.000	3.000

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10453791	28/09/2013	800,000,000.00	CANARA BANK	PRIME CORPORATE BRANCH, BELLS HOUSE, 21, CAMAC S TREET, GROUND FLOOR, KOLKATA, WEST BENGAL - 700016 , INDIA	B87018180
2	10432488	27/11/2013 *	7,000,000,000.00	ALLAHABAD BANK	KOLKATA MAIN BRANCH, 14, INDIA EXCHANGE PLACE, KO LKATA, WEST BENGAL - 700001, INDIA	B91606731
3	10350807	29/03/2012	750,000,000.00	CORPORATION BANK	CORPORATE BANKING BRANCH, 17, BRABOURNE ROAD, MOO KHERJEE HOUSE, 1ST FLOOR, KOLKATA, WEST BENGAL - 7 00001, INDIA	B37890704
4	10346797	07/08/2013 *	700,000,000.00	SYNDICATE BANK	LARGE CORPORATE BRANCH, LIC BUILDING, ILLCO HOUSE , 1 BRABOURNE ROAD, KOLKATA, WEST BENGAL - 700001, INDIA	B83755819
5	10324176	27/06/2013 *	2,350,000,000.00	UNITED BANK OF INDIA	CORPORATE FINANCE BRANCH, KOLKATA,, 11, HEMANTA B ASU SARANI,, KOLKATA, WEST BENGAL - 700001, INDIA	B78804713
6	10032162	11/01/2007	200,000,000.00	ALLAHABAD BANK	KOLKATA MAIN BRANCH, 14, INDIA EXCHANGE PLACE, KO LKATA, WEST BENGAL - 700001, INDIA	A09037748
7	10032159	22/05/2013 *	2,300,000,000.00	ALLAHABAD BANK	KOLKATA MAIN BRANCH, 14, INDIA EXCHANGE PLACE, KO LKATA, WEST BENGAL - 700001, INDIA	B77842375

* Date of charge modification

FIXED ASSETS

Tangible assets

• Land
• Vehicles

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 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.66.06
UK Pound	1	Rs.102.35
Euro	1	Rs.74.97

INFORMATION DETAILS

Information Gathered by :	DIP
Analysis Done by :	TRI
Report Prepared by :	KVT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILITY	1~10	0
--LIQUIDITY	1~10	4
--LEVERAGE	1~10	4
--RESERVES	1~10	4
--CREDIT LINES	1~10	4
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		31

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.