MIRA INFORM REPORT

Report No. :	351766
Report Date :	02.12.2015

IDENTIFICATION DETAILS

Name :	TOSHALI CEMENTS PRIVATE LIMITED
Registered Office :	Gajapati Edifice, 3^rd Floor, H. No. 21/A and 29-2-21, Opposite District Judge Court, Prakashrao Peta, Vishkhapatnam - 530020, Andhra Pradesh
Tel. No.:	91-40-23700675
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	13.08.2002
Com. Reg. No.:	01-039450
Capital Investment / Paid-up Capital :	Rs. 494.701 Million
CIN No.: [Company Identification No.]	U26942AP2002PTC039450
IEC No.:	0904003001
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AABCT8989K
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer, Exporter and Importer of Cement. (Indirect Sources)
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (28)

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

Maximum Credit Limit :	USD 1128000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. It was incorporated in the year 2002 and it is the manufacturer, exporter and importer of cement. As per financial of the year 2014, the company possesses weak operational profile due to losses incurred from its operations from past few years. Further, rating remain constrained on account of company’s moderate financial profile marked by negative reserves level and leverage balance sheet profile of the company. Trade relations are fair. Business is active. Payment terms are reported to be slow but correct. In view of aforesaid, the company can be considered for business dealings with some caution.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – 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

NOT AVAILABLE

RBI DEFAULTERS’ LIST STATUS

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

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2015.

LOCATIONS

Registered Office :	Gajapati Edifice, 3^rd Floor, H. No. 21/A and 29-2-21, Opposite District Judge Court, Prakashrao Peta, Vishkhapatnam - 530020, Andhra Pradesh, India
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	toshalicements@yahoo.com
Website :	http://www.toshalicement.com
Head Office :	5th Floor, South Wing, 'RAJAPRASAADAMU', Hyderabad - 500084, Andhra Pradesh, India
Tel. No.:	91-40-23700675, 23801981
Fax No.:	91-40-23014265
E-Mail :	info@toshalicement.com
Central Marketing Office :	9-14-13 , CBM Compound, Visakhapatnam-530003, Andhra Pradesh, India
Tel. No.:	91-891-2721434
Fax No.:	91-891-2721433
E-Mail :	info@toshalicement.com
Regional Marketing Office :	No. 22, AAcharya Vihar, Plot No: 344, Madhusudan Nagar, Near Regional Science Park, Bhubaneshwar - 751013, Orissa, India
Tel. No.:	91-674 – 2542092
E-Mail :	info@toshalicement.com
Factory 1:	Ampavalli, Pottangi Tahsil Koraput - 764039, Orissa State (Near Sunki Off NH-43), Orissa, India
Tel. No.:	9948221983 / 85
E-Mail:	tcpl_amp@yahoo.co.in
Factory 2:	Kasimkota (M), Visakhapatnam Dist.,  Bayyavaram 531031  Andra Pradesh, India
Tel. No.:	91-8922-244550
Fax No.:	91-8922-244570
E-Mail :	toshali_bvrm@rediff.com

DIRECTORS

AS ON 30.09.2014

Name :

Mr. Siva Rama Vara Prasad Motaparti

Designation :

Director

Address :

Plot no: 918, Road No. 47, Jubilee Hills, Hyderabad - 500033, Andhra Pradesh, India

Date of Birth/Age :

15.05.1948

Date of Appointment :

10.05.2003

PAN No.:

AHHPM1582H

DIN No.:

00170919

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	U27310TG1985PTC005484	MARTOPEARL ALLOYS PRIVATE LIMITED	Director	10/01/2001	10/01/2001	-	Active	NO
2	U65910TG1996PLC023310	HERITAGE FINLEASE LIMITED	Director	23/03/2002	23/03/2002	31/03/2012	Active	NO
3	U26942AP2002PTC039450	TOSHALI CEMENTS PRIVATE LIMITED	Director	10/05/2003	10/05/2003	-	Active	NO
4	U70102AP2004PTC042974	VOLTA ESTATES PRIVATE LIMITED	Director	31/03/2004	31/03/2004	05/03/2015	Active	NO
5	U18101AP2004PTC044124	VOLTA FASHIONS PRIVATE LIMITED	Director	09/09/2004	09/09/2004	05/03/2015	Active	NO
6	U52100TG1996PTC025467	VOLTA IMPEX PRIVATE LIMITED	Director	01/04/2008	01/04/2006	05/03/2015	Active	NO
7	U74210TG2006PTC050902	DESIGN TRIBE (INDIA) PRIVATE LIMITED.	Director	14/08/2006	14/08/2006	-	Active	NO
8	U92111TG1956PTC001139	SRI SARATHI STUDIOS PRIVATE LIMITED	Director	29/09/2006	29/09/2006	05/03/2015	Active	NO
9	U72200TG2003PLC041856	MEZZEQUITY SOFTWARE SERVICES LIMITED	Director	25/09/2015	29/09/2006	-	Active	NO
10	U67120TG2007PLC053327	PRIDHVI ASSET RECONSTRUCTION AND SECURITISATION COMPANY LIMITED	Director	29/03/2007	29/03/2007	-	Active	NO
11	U74210AP1972PTC001524	PAPER ENGINEERING SERVICES PRIVATE LIMITED	Director	02/04/2007	02/04/2007	05/03/2015	Active	NO
12	U72200TG2007FTC054351	KEYPOINT TECHNOLOGIES (INDIA) PRIVATE LIMITED	Director	07/06/2007	07/06/2007	-	Active	NO
13	U27100TG2008PTC058346	DUCCAN ALLOY CASTINGS PRIVATE LIMITED	Director	26/03/2008	26/03/2008	-	Strike off	NO
14	U45200TG2010PTC066730	VIRINCHI INFRATECH PRIVATE LIMITED	Director	20/01/2010	20/01/2010	-	Active	NO
15	U29253TG2010PTC069864	DUCCAN ALLOY CASTINGS (I) PRIVATE LIMITED	Director	06/08/2010	06/08/2010	-	Active	NO
16	U45201KA2010PTC056136	WINDSOR EDIFICES PRIVATE LIMITED	Director	03/12/2010	03/12/2010	-	Active	NO
17	U26950TG2011PTC074244	PRAKRUTHI CEMENTS PRIVATE LIMITED	Director	03/05/2011	03/05/2011	05/03/2015	Active	NO
18	U34200TG2011PLC074442	DECCAN AUTO LIMITED	Director	12/05/2011	12/05/2011	-	Active	NO
19	U67190AP2012PLC078661	TOUCHSTONE EQUITIES LIMITED	Director	19/01/2012	19/01/2012	-	Active	NO
20	U72200TG2012PTC082782	BITCHEMY VENTURES PRIVATE LIMITED	Director	30/08/2012	30/08/2012	-	Active	NO
21	U72200TG2013PTC089287	ALTIUX INNOVATIONS PRIVATE LIMITED	Director	01/08/2013	01/08/2013	-	Active	NO
22	U72900TG2013PTC090429	CAFYNE SOFTWARE TECHNOLOGIES PRIVATE LIMITED	Director	09/10/2013	09/10/2013	-	Active	NO
23	U40300TG2014PTC092848	ALTEN POWER PRIVATE LIMITED	Director	07/02/2014	07/02/2014	-	Active	NO
24	U52100TG2014PTC093830	SHOPALO RETAIL PRIVATE LIMITED	Director	27/03/2014	27/03/2014	05/03/2015	Active	NO
25	U34101PN2003PTC017736	CORONA BUS MANUFACTURERS PRIVATE LIMITED	Director	26/09/2014	28/03/2014	-	Active	NO
26	L15209TG1992PLC014332	HERITAGE FOODS LIMITED	Director	26/09/2014	30/07/2014	-	Active	NO

Name :

Mr. Subhas Chandra Bose Venigalla

Designation :

Director

Address :

Flat no:D2, Satya Sai Apartments, Kamalapuri Colony, Hyderabad - 500073, Andhra Pradesh, India

Date of Birth/Age :

25.08.1948

Date of Appointment :

10.05.2003

DIN No.:

00353729

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	U27310TG1985PTC005484	MARTOPEARL ALLOYS PRIVATE LIMITED	Director	10/01/2001	10/01/2001	-	Active	NO
2	U26942AP2002PTC039450	TOSHALI CEMENTS PRIVATE LIMITED	Director	10/05/2003	10/05/2003	-	Active	NO
3	U63022AP2004PTC042693	MUNERU INDUSTRIES PRIVATE LIMITED	Director	10/03/2004	10/03/2004	25/03/2015	Active	NO
4	U70102AP2004PTC042974	VOLTA ESTATES PRIVATE LIMITED	Director	23/08/2004	23/08/2004	-	Active	NO
5	U27109TG2005PLC046528	ALFER ENGINEERING LIMITED	Director	13/06/2005	13/06/2005	-	Active	NO
6	U52100TG1996PTC025467	VOLTA IMPEX PRIVATE LIMITED	Director	24/07/2005	24/07/2005	-	Active	NO
7	U70200TG2006PTC051398	PRIDHVI EDIFICES PRIVATE LIMITED	Director	13/10/2006	13/10/2006	-	Active	NO
8	U24110TG1995PLC020126	VISHWAJIT CHEMICALS LIMITED	Director	29/09/2008	05/07/2008	-	Amalgamated	NO
9	U24110TG1985PTC005825	VINYL CHEMICALS PRIVATE LIMITED	Director	24/09/2008	05/07/2008	-	Active	NO
10	U01119AP2004PTC043724	ROMITHA FLORITECH PRIVATE LIMITED	Director	09/03/2009	09/03/2009	25/03/2015	Active	NO
11	L27203KL1946PLC000057	ALUMINIUM INDUSTRIES LIMITED	Director	30/09/2015	28/02/2014	-	Active	NO
12	U40300TG2014PTC092848	ALTEN POWER PRIVATE LIMITED	Director	10/10/2015	29/04/2014	-	Active	NO
13	U45200TG2015PTC099181	VOLTA GREEN STRUCTURES PRIVATE LIMITED	Additional director	20/07/2015	20/07/2015	-	Active	NO

Name :

Mr. Rajagopal Kunjithapatham

Designation :

Director

Address :

Plot No.8 Kavuri Hills (Phase-I), Jubilee Hills Post, Hyderabad - 500033, Andhra Pradesh, India

Date of Birth/Age :

04.03.1932

Date of Appointment :

01.11.2005

DIN No.:

00480004

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	U26919TG1994PLC031858	VENNAR CERAMICS LIMITED	Director	09/07/1997	09/07/1997	09/12/2009	Active	NO
2	U40200TN1976SGC007081	TAMILNADU CEMENTS CORPORATION LIMITED	Director	29/07/1997	29/07/1997	13/02/2015	Active	NO
3	L26942MH1983PLC265166	ANJANI PORTLAND CEMENT LIMITED	Director	27/12/1999	27/12/1999	31/10/2007	Active	NO
4	U26942AP2002PTC039450	TOSHALI CEMENTS PRIVATE LIMITED	Director	01/11/2005	01/11/2005	-	Active	NO
5	U74210TG2006PTC050902	DESIGN TRIBE (INDIA) PRIVATE LIMITED.	Director	07/11/2006	07/11/2006	01/11/2007	Active	NO

Name :

Mr. Muddapati Surendra

Designation :

Additional director

Address :

283/3rt, Flat No.301, Ravi Teja Apartments, S R Nagar, Hyderabad - 500038, Andhra Pradesh, India

Date of Birth/Age :

19.08.1970

Date of Appointment :

27.05.2008

PAN No.:

AOQPM6123C

DIN No.:

01179655

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	Company/ LLP Status	Defaulting status
1	U51909TG2007PTC052484	CHEVRON IMPEX PRIVATE LIMITED	Director	24/01/2007	24/01/2007	Active	NO
2	U26942AP2002PTC039450	TOSHALI CEMENTS PRIVATE LIMITED	Additional director	27/05/2008	27/05/2008	Active	NO

Name :

Mr. Lakshminarayana Rao Kanuri

Designation :

Whole-time director

Address :

7-1-217, Flat No-307, Central Park Apartments, Balkampet, Ameerpet, Hyderabad - 500016, Telangana, India

Date of Appointment :

17.07.2015

DIN No.:

07230406

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2014

Names of Equity Shareholders	No. of Shares
M S. R. V. Prasad	1042438
M. Rajya Lakshmi	101870
M Rohit Prasad	137346
M Sunil Prasad	137346
Manubhai Jethabai Patel	705598
Mukesh Manubhai Patel	387610
Bimal Manubhai Patel	325792
Volta Impax Private Limited	50000
V S C Bose	5000
M. Surendra	25000
Total	2918000

Names of Preference Shareholders	No. of Shares
Siva Rama Vara Prasad Motaparti	568665
Bimal Manubhai Patel	137000
Manubhai Jethabai Patel	271125
Mukesh Manubhai Patel	149500
Rajyalakshmi Motaparti	234310
Rohit Prasad Motaparti	234205
Sunil Prasad Motaparti	234205
Total	1829010

AS ON 30.09.2014

Equity Share Breakup	Percentage of Holding
Category
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others]	95.55
Bodies corporate	1.71
Directors or relatives of directors	2.74
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer, Exporter and Importer of Cement. (Indirect Sources)
Brand Names :	“GAJAPATI”
Agencies Held :	--
Exports :	--
Imports :	--
Terms :
Selling :	--
Purchasing :	--

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference:	--
Name of the Person (Designation):	--
Contact Number:	--
Since how long known:	--
Maximum limit dealt:	--
Experience:	--
Remark	--

Customers :

Reference:	--
Name of the Person (Designation):	--
Contact Number:	--
Since how long known:	--
Maximum limit dealt:	--
Experience:	--
Remark	--

No. of Employees :

Not Available

Bankers :

Bank Name:	--
Branch:	--
Person Name (with Designation):	--
Contact Number:	--
Name of Account Holder:	--
Account Number:
Account Since (Date/ Year of A/c Opening):	--
Average Balance Maintained (Optional):	--
Credit Facilities Enjoyed (CC/OD/Term Loan):	--
Account Operation:	--
Remarks:	--

· State Bank OF Hyderabad

Overseas Branch, 6-3-652, " Kautilya", Somajiguda, Hyderabad - 500082, Andhra Pradesh, India

Facilities :

SECURED LOANS	31.03.2014 (Rs. In Million)	31.03.2013 (Rs. In Million)
LONG-TERM BORROWINGS
Rupee term loans from banks	180.435	173.220
Other loans and advances	0.093	0.000
SHORT TERM BORROWINGS
Loans repayable on demand from banks	177.927	97.661
Total	358.455	270.881

Auditors :
Name :	Brahmayya and Company Chartered Accountants
Address :	403 and 404, Golden Green Apartments, Irrum Manzil Colony, Hyderabad, Andhra Pradesh, India
Income-tax PAN of auditor or auditor's firm :	AADFB8032G
Memberships :	--
Collaborators :	--
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives :	· Martopearl Alloys Private Limited (U27310TG1985PTC005484) · Volta Impex Private Limited (U52100TG1996PTC025467) · Volta Fashions Private Limited (U18101AP2004PTC044124) · Volta Estates Private Limited (U70102AP2004PTC042974) · Pridhvi Edifices Private Limited (U70200TG2006PTC051398)

CAPITAL STRUCTURE

AS ON 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
3,500,000	Equity Shares	Rs. 100/- each	Rs. 350.000 Million
2,000,000	Preference Shares	Rs. 100/- each	Rs. 200.000 Million
	Total		Rs. 550.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
2,918,000	Equity Shares	Rs. 100/- each	Rs. 291.800 Million
1,829,010	Preference Shares	Rs. 100/- each	Rs. 182.901 Million
	Total		Rs. 474.701 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014	31.03.2013	31.03.2012
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	474.701	474.701	474.701
(b) Reserves & Surplus	(79.848)	(29.564)	21.311
(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)	394.853	445.137	496.012
(3) Non-Current Liabilities
(a) Long-term borrowings	400.090	397.242	280.793
(b) Deferred tax liabilities (Net)	0.000	0.977	23.519
(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)	400.090	398.219	304.312
(4) Current Liabilities
(a) Short term borrowings	177.927	97.661	85.928
(b) Trade payables	40.132	36.026	31.507
(c) Other current liabilities	172.850	118.109	103.396
(d) Short-term provisions	3.198	2.913	1.260
Total Current Liabilities (4)	394.107	254.709	222.091
TOTAL	1189.050	1098.065	1022.415
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	692.307	417.186	447.710
(ii) Intangible Assets	2.145	11.258	22.016
(iii) Capital work-in-progress	74.511	210.164	114.965
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.010	0.010	0.010
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	25.406	43.830	33.841
(e) Other Non-current assets	5.087	6.801	5.871
Total Non-Current Assets	799.466	689.249	624.413
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	201.346	211.062	199.240
(c) Trade receivables	93.715	72.430	80.063
(d) Cash and cash equivalents	32.048	54.986	54.055
(e) Short-term loans and advances	60.859	69.178	64.644
(f) Other current assets	1.616	1.160	0.000
Total Current Assets	389.584	408.816	398.002
TOTAL	1189.050	1098.065	1022.415

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	847.976	897.408	971.654
		Other Income	NA	NA	NA
		TOTAL (A)	NA	NA	NA
Less	EXPENSES
		TOTAL (B)	NA	NA	NA
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		42.358	(4.600)	55.570
Less	FINANCIAL EXPENSES (D)		42.221	27.261	14.213
	PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		0.137	(31.861)	41.357
Less/ Add	DEPRECIATION/ AMORTISATION (F)		51.367	41.556	38.520
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)		(51.260)	(73.417)	2.837
Less	TAX (H)		(0.977)	(22.542)	(0.794)
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)		(50.283)	(50.875)	3.631
	Earnings/(Loss) Per Share (Rs.)		(10.59)	(10.72)	0.76

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	69.452	30.422	21.980
Cash Generated from Operations	NA	NA	NA
Net Cash Flow from used in Operations	81.324	(10.541)	0.320

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	(5.93)	(5.67)	0.37
Operating Profit Margin (PBDIT/Sales)	(%)	5.00	(0.51)	5.72
Return on Total Assets (PBT/Total Assets}	(%)	(4.60)	(8.27)	0.31
Return on Investment (ROI) (PBT/Networth)		(0.13)	(0.16)	0.01
Debt Equity Ratio (Total Debt/Networth)		1.46	1.11	0.74
Current Ratio (Current Asset/Current Liability)		0.99	1.61	1.79

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	474.701	474.701	474.701
Reserves & Surplus	21.311	(29.564)	(79.848)
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	496.012	445.137	394.853
Long-term borrowings	280.793	397.242	400.090
Short term borrowings	85.928	97.661	177.927
Total borrowings	366.721	494.903	578.017
Debt/Equity ratio	0.739	1.112	1.464

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	971.654	897.408	847.976
		(7.641)	(5.508)

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	971.654	897.408	847.976
Profit/ (Loss)	3.631	(50.875)	(50.283)
	0.37%	(5.67%)	(5.93%)

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	No
8	Designation of contact person	No
9	Promoter’s background	Yes
10	Date of Birth of Proprietor / Partners / Directors	Yes
11	Pan Card No. of Proprietor / Partners	Yes
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	Yes
17	Details of sister concerns	No
18	Major suppliers	No
19	Major customers	No
20	Banking Details	Yes
21	Banking facility details	No
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	No
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

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	90259344	28/06/2006	1,229,000.00	SUNDARAM FINANCE LIMITED	NO. 21; PATULLOS ROAD, CHENNAI - 600002, TAMILNADU, INDIA	-
2	90259117	28/05/2005	1,229,000.00	SUNDARAM FINANCE LIMITED	NO. 21; PATULLOS ROAD, CHENNAI - 600002, TAMILNADU, INDIA	-
3	90263200	02/05/2005	1,061,150.00	SUNDARAM FINANCE LTD.	NO - 21; PATULLOS ROAD, CHENNAI - 600002, TAMIL NADU, INDIA	-
4	90263128	08/12/2012 *	890,000,000.00	STATE BANK OF HYDERABAD	OVERSEAS BRANCH, 6-3-652, " KAUTILYA", SOMAJIGUDA  , HYDERABAD - 500082, ANDHRA PRADESH, INDIA	B66944224
5	90263126	05/03/2005	800,000.00	LAKSHMI GENERAL FINANCE LTD.	NO - 21; PATULLOS ROAD, CHENNAI - 600002, TAMILNADU, INDIA	-

* Date of charge modification

UNSECURED LOANS

PARTICULARS	31.03.2014 (Rs. In Million)	31.03.2013 (Rs. In Million)
LONG-TERM BORROWINGS
Deferred sales tax loan	145.562	171.522
Loans and advances from directors	74.000	52.500
Total	219.562	224.022

CHANGE OF ADDRESS:

The Registered Office of the Company has been shifted from 123/3RT, II ND Floor, Sanjeeva Reddy Nagar, Hyderabad- 500038, Andhra Pradesh, India to the present address w.e.f. 30.12.2013.

OPERATIONS

The company has achieved turnover of Rs.847.976 Million during the year as against Rs.897.408 Million during previous year and has made a loss of Rs.51.260 Million as against loss of Rs.73.417 Million in the previous year.

Although turnover was about 6% less than the earlier year Company was able to contain Losses due to proper utilization of materials and cost cutting measures taken by company.

During the year market conditions were very bad due to excess capacity of Cement available in the area and no measure projects taken by the public sector and uncertainity due to split of State of Andhra Pradesh has also affected workings of the Company. Company has successfully completed the expansion of clinkerisation in Ampavalli.

During the current year company has achieved a turnover of about Rs.423.649 Million in the first five months of the current year and hopes to cross Rs.1000.000 Million.

REVIEW AND PROSPECTS

After up gradation project of Ampavalli there is surplus Clinker available with plant and company hopes to take advantage and with change in polices from the Government for push to manufacturing sector company hope to make a turnaround in this year.

Company has procured all the clearances for setting up unit in Choudwar and hopes to complete setting up of grinding unit by next financial year.

Market Condition is expected to improve during 2014-15 due to increase in infrastructure activity and housing activity from public sector.

CONTINGENT LIABILITIES:

Particulars	31.03.2014 (Rs. In Million)	31.03.2013 (Rs. In Million)
Contracts to be executed on account of capital commitments	0.000	107.822
Guarantees given by the Bankers	11.166	10.542
Odisha Value Added Tax	6.882	6.882
Odisha Entry Tax	5.285	5.214
Andhra Pradesh Value Added Tax	7.537	8.798
Central Excise	38.699	38.699
Income tax	0.000	4.411

FIXED ASSETS:

· Land

· Buildings

· Plant and Equipment

· Furniture and Fixtures

· Vehicles

· Office Equipment

· Computer Equipment’s

· Other Equipment’s

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.66.52
UK Pound	1	Rs.100.44
Euro	1	Rs.70.44

INFORMATION DETAILS

Analysis Done by :	HNA
Report Prepared by :	ARC

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	2
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	2
--CREDIT LINES	1~10	3
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		28

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.