MIRA INFORM REPORT

Report No. :	353359
Report Date :	10.12.2015

IDENTIFICATION DETAILS

Name :	ZAMIL STEEL BUILDINGS INDIA PRIVATE LIMITED

Registered Office :	Almonte Software Park, Office No. 101, First Floor, Plot No. 2, S. No. 8, Kharadi, Haveli, Pune - 411020, Maharashtra
Tel. No.:	91-20-30553000

Country :	India

Financials (as on) :	31.03.2014

Date of Incorporation :	09.04.2003

Com. Reg. No.:	11-131123

Capital Investment / Paid-up Capital :	Rs. 498.553 Million

CIN No.: [Company Identification No.]	U74210PN2003PTC131123

IEC No.:	Not Divulged

TAN No.: [Tax Deduction & Collection Account No.]	Not Available

PAN No.: [Permanent Account No.]	AAACZ1758R

Legal Form :	Private Limited Liability Company

Line of Business :	Subject is engaged in the business of designing, manufacturing, supply and erection of Pre-Engineered Buildings (PEB) and parts thereof. (Confirmed by management)

No. of Employees :	600 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (41)

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

Maximum Credit Limit :	USD 360000

Status :	Satisfactory

Payment Behaviour :	Slow but correct

Litigation :	Clear

Comments :	Subject is a wholly owned subsidiary of Zamil Industrial Investment Company (ZIIC), Saudi Arabia incorporated in the year 2003. Rating takes into consideration improved decent revenue base, adequate net worth base, decent cash accruals and favourable gap between trade payables and receivables. However, rating is constrained on account of accumulated loss and huge debt levels. Trade relations are fair. Business is active. Payments are slow but correct. In view of strong and long business track record of company, the subject can be considered for 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 – March 31, 2015

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

India

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Rating	Long Term Fund Based - Cash Credit = BBB- (Withdrawn)
Rating Explanation	Adequate degree of safety and moderate credit risk
Date	15.10.2015

Rating Agency Name	ICRA
Rating	Short Term Fund Based – Working Capital Demand Loan = A3 (Withdrawn)
Rating Explanation	Moderate degree of safety and high credit risk
Date	15.10.2015

Reason for withdrawal:

Withdrawn at the request of the company as there was no debt sanction received against the rated instrument.

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.

INFORMATION PARTED BY (GENERAL DETAILS)

Name :	Mr. Vijay Ginde
Designation :	Accountant
Contact No.:	91-20-30553000
Date :	05.12.2015

LOCATIONS

Registered Office :	Almonte Software Park, Office No. 101, First Floor, Plot No. 2, S. No. 8, Kharadi, Haveli, Pune - 411020, Maharashtra, India
Tel. No.:	91-20-30553000
Mobile No.:	91-9970002238 (Mr. Suroj)
Fax No.:	91-20-30553200/ 3055342
E-Mail :	srinevasaniyer@zamilsteel.com svirraghavan@deloitte.com gandhitayoun@pune.zamilsteel.com vijayginde@zamilsteel.com
Website :	www.zamilsteel.com
Area :	1500 Sq. Ft.
Locality :	Commercial

Godown / Factory :	Plot No. B - 32/2 ,MIDC Ranjangaon, Village Dhoksangan Taluka: Shirur District Pune, Maharashtra, India

Corporate Head Quarters:	1^st Industrial City, P.O. Box. 877, Dammam - 31421, Saudi Arabia
Tel. No.:	966-13-8471840
Fax No.:	966-13-8471291

Branch Office :	Located at: · Mumbai · Kolkata · Ranchi · Hyderabad · Jamshedpur · Chennai · Ahmedabad · Bhubaneswar · New Delhi · Ranjangoan

Sales Office :	Located at: · Pune · Mumbai · Ahmedabad · Delhi · Ranchi · Kolkata · Bhubaneshwar · Hyderabad · Bangalore · Chennai · Cochin

International Office :	Located At · Saudi Arabia · Kuwait · Bahrain · Qatar · UAE · Oman · Jordan · Syria · Bangladesh · Sri Lanka · Pakistan · Turkey · Greece · Poland · Spain · Egypt · Algeria · Morocco · Muanmar · Philippines · Cambodia · Laos · Korea · Japan · China

DIRECTORS

AS ON 31.12.2014

Name :

Mr. Alakesh Roy

Designation :

Managing Director

Address :

36, Vishnu Garden, P.O. Gurukul Kangri, Kankhal, Haridwar - 249404, Uttarakhand, India

Date of Birth/Age :

12.05.1965

Date of Appointment :

01.05.2013

PAN No.:

ACHPR9753L

DIN No.:

01791468

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	U45200UR2005PTC029472	KIRBY BUILDING SYSTEMS INDIA (UTTARANCHAL) PRIVATE LIMITED	Director	22/08/2007	22/08/2007	16/01/2011	Active	NO
2	U74210PN2003PTC131123	ZAMIL STEEL BUILDINGS INDIA PRIVATE LIMITED	Managing director	01/05/2013	01/05/2013	-	Active	NO
3	U74210PN2003PTC139468	Zamil Construction India Private Limited	Additional director	01/07/2013	01/07/2013	-	Active	NO

Name :

Mr. Osama Fahad Albunyan

Designation :

Director

Address :

P.O. Box No.2700, Al Khobar - 31952, Saudi Arabia

Date of Birth/Age :

05.12.1967

Date of Appointment :

30.06.2012

DIN No.:

02150620

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	U74899DL1992PTC050416	Zamil Air Conditioners India Private Limited	Director	12/11/2008	21/05/2008	-	Active	NO
2	U74120DL2008PTC175696	Zamil Infra Private Limited	Director	29/09/2012	03/06/2012	-	Active	NO
3	U74210PN2003PTC139468	Zamil Construction India Private Limited	Additional director	30/06/2012	30/06/2012	-	Active	NO
4	U74210PN2003PTC131123	ZAMIL STEEL BUILDINGS INDIA PRIVATE LIMITED	Director	30/06/2012	30/06/2012	-	Active	NO
5	U72900PN2007PTC130944	Zamil Information Technology Global Private Limited	Director	30/06/2012	30/06/2012	-	Active	NO
6	U74210TN2000PTC045992	ZAMIL STEEL ENGINEERING INDIA PRIVATE LIMITED	Additional director	01/04/2013	01/04/2013	-	Active	NO

Name :

Mr. Al Zamil Nawaf Mohammed

Designation :

Director

Address :

Post Box No.877, Dammam - 31421, Saudi Arabia

Date of Appointment :

29.07.2008

DIN No.:

02236064

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	U74210PN2003PTC131123	ZAMIL STEEL BUILDINGS INDIA PRIVATE LIMITED	Director	29/07/2008	29/07/2008	-	Active	NO
2	U74120DL2008PTC175696	Zamil Infra Private Limited	Director	19/09/2009	10/10/2008	-	Active	NO
3	U74210TN2000PTC045992	ZAMIL STEEL ENGINEERING INDIA PRIVATE LIMITED	Director	01/05/2009	01/05/2009	-	Active	NO
4	U72900PN2007PTC130944	Zamil Information Technology Global Private Limited	Director	30/09/2009	02/07/2009	-	Active	NO
5	U74210PN2003PTC139468	Zamil Construction India Private Limited	Director	30/09/2009	02/07/2009	-	Active	NO

Name :

Mr. Al Zamil Abdullah Mohammed

Designation :

Director

Address :

Post Box No.877, Dammam - 31421, Saudi Arabia

Date of Birth/Age :

07.01.1965

Date of Appointment :

29.07.2008

DIN No.:

02236070

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	U72900PN2007PTC130944	Zamil Information Technology Global Private Limited	Director	15/07/2008	15/07/2008	-	Active	NO
2	U74210PN2003PTC131123	ZAMIL STEEL BUILDINGS INDIA PRIVATE LIMITED	Director	29/07/2008	29/07/2008	-	Active	NO
3	U74120DL2008PTC175696	Zamil Infra Private Limited	Director	19/09/2009	10/10/2008	-	Active	NO

Name :

Mr. Awad Sharif Nugod Elamin

Designation :

Director

Address :

P. O. Box 14440, Dammam - 31424, Saudi Arabia

Date of Birth/Age :

01.01.1951

Date of Appointment :

31.12.2014

DIN No.:

02287435

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	U74899DL1992PTC050416	Zamil Air Conditioners India Private Limited	Director	28/06/2012	21/05/2008	-	Active	NO
2	U74210PN2003PTC139468	Zamil Construction India Private Limited	Additional director	08/12/2014	08/12/2014	-	Active	NO
3	U74210PN2003PTC131123	ZAMIL STEEL BUILDINGS INDIA PRIVATE LIMITED	Director	31/12/2014	08/12/2014	-	Active	NO

Name :

Mr. Tanjore Narasinra Rao Vidya Sagar

Designation :

Director

Address :

Flat No. 231, 3rd Floor, Jai Maa Apartments, Plot No 16, Sector 5, Dwarka - 110075, Delhi, India

Date of Birth/Age :

07.11.1952

Date of Appointment :

31.12.2014

DIN No.:

05191582

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	U74899DL1992PTC050416	Zamil Air Conditioners India Private Limited	Whole-time director	16/11/2014	16/11/2011	-	Active	NO
2	U74210PN2003PTC139468	Zamil Construction India Private Limited	Additional director	08/12/2014	08/12/2014	-	Active	NO
3	U74210PN2003PTC131123	ZAMIL STEEL BUILDINGS INDIA PRIVATE LIMITED	Director	31/12/2014	08/12/2014	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Runal Ravindra Zanvar
Designation :	Secretary
Address :	12, Mahatma Phule Peth, Kasture Chowk, Pune -411042, Maharashtra, India
Date of Birth/Age :	13.01.1988
PAN No.:	AAGPZ9407J
Date of Appointment :	18.11.2013

Name :	Mr. Vijay Ginde
Designation :	Accountant

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 31.12.2014

Names of Shareholders		No. of Shares
Zamil Industrial Investment Company, Saudi Arabia		25416224
Zamil Industrial Investment Company, United Arab Emirates		10000
Zamil Industrial Investment Company Asia Pte Limited, Saudi Arabia		24429116
Total		49855340

Equity Share Break up (Percentage of Total Equity)

AS ON 31.12.2014

Category	Percentage
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Subject is engaged in the business of designing, manufacturing, supply and erection of Pre-Engineered Buildings (PEB) and parts thereof. (Confirmed by Management)

Products :	· Pre Engineered Buildings (PEB) · Structural Steel Buildings · Roof And Wall Panels · Product Literature

Brand Names :	Not Available

Agencies Held :	Not Available

Exports :
Products :	Finished Goods
Countries :	· Sri Lanka · South African Countries

Imports :
Products :	Raw Materials
Countries :	· Korea

Terms :
Selling :	L/C, Cheque and Credit (30/60/90 Days)

Purchasing :	L/C, Cheque and Credit (30/60/90 Days)

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 :

600 (Approximately)

Bankers :

Bank Name	The Hongkong and Shanghai Banking Corporation Limited
Branch	Bund Garden, Pune, Maharashtra, India
Person Name (With Designation)	Not Available
Contact Number	· 91-20-66028686 (Customer Care Number) · 91-20-66402945 (Incorrect Number)
Name of Account Holder	Not Available
Account Number	Not Available
Account Since (Date/Year of Account Opening)	Not Available
Average Balance Maintained (If Possible)	Not Available
Credit Facilities Enjoyed (If any)	Not Available
Account Operation	Not Available
Remarks (If any)	Not Available

Facilities :

Secured Loan	31.03.2014 (Rs. in Million)	31.12.2012 (Rs. in Million)
Short-term borrowings
Loans repayable on demand from banks	0.000	179.931
Total	0.000	179.931

Auditors :
Name :	Deloitte Haskins and Sells LLP Chartered Accountants
Address :	706, B Wing, ICC Trade Tower, International Convention Centre, Senapati Bapat Road, Pune - 411016, Maharashtra, India
Tel. No.:	91-20-66244600
Fax No.:	91-20-66244605
E-Mail :	svirraghava@deloitte.com
PAN No. of Auditors Firm:	AACFD4815A

Memberships :	Not Divulged

Collaborators :	Not Divulged

Ultimate Holding company :	· Zamil Industrial Investment Company, Saudi Arabia ·

Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives:	· Zamil Steel Buildings Company · Zamil Steel Industries, Saudi Arabia · Zamil Steel Engineering India Private Limited, India · Zamil Construction India Private Limited, India · Zamil Steel Buildings Vietnam Company Limited, Viet Nam · Zamil Information Technology Global Private Limited, India, [Cin No.:U72900pn2007ptc130944] · Zami L Ai R Conditioners India Private Limited, India, [Cin No.: U74899dl1992ptc050416]

CAPITAL STRUCTURE

AS ON 31.12.2014

Authorised Capital :

No. of Shares	Type	Value	Amount

90,000,000	Equity Shares	Rs.10/- each	Rs. 900.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

49,855,340	Equity Shares	Rs.10/- each	Rs. 498.553 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014 (15 Months)	31.12.2012 (12 Months)	31.12.2011 (12 Months)
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	498.553	498.553	498.553
(b) Reserves & Surplus	(371.874)	(273.152)	(293.536)
(c) Money received against share warrants	0.000	0.000	0.000

(2) Share Application money pending allotment	0.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	126.679	225.401	205.017

(3) Non-Current Liabilities
(a) long-term borrowings	740.498	1039.219	1018.271
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	13.822	12.361	6.602
Total Non-current Liabilities (3)	754.320	1051.580	1024.873

(4) Current Liabilities
(a) Short term borrowings	0.000	179.931	735.640
(b) Trade payables	276.422	226.386	197.191
(c) Other current liabilities	855.875	378.146	399.874
(d) Short-term provisions	11.414	22.562	12.247
Total Current Liabilities (4)	1143.711	807.025	1344.952

TOTAL	2024.710	2084.006	2574.842

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	987.233	1015.815	1061.533
(ii) Intangible Assets	25.047	13.390	10.652
(iii) Capital work-in-progress	9.864	2.831	3.344
(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)	0.000	0.000	0.000
(d) Long-term Loan and Advances	32.273	28.444	30.434
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	1054.417	1060.480	1105.963

(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	273.790	513.964	760.731
(c) Trade receivables	380.856	233.081	350.959
(d) Cash and cash equivalents	170.114	123.242	12.493
(e) Short-term loans and advances	145.098	153.239	337.511
(f) Other current assets	0.435	0.000	7.185
Total Current Assets	970.293	1023.526	1468.879

TOTAL	2024.710	2084.006	2574.842

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014 (15 Months)	31.12.2012 (12 Months)	31.12.2011 (12 Months)
	SALES
	Income	2380.210	2265.241	2509.657
	Other Income	38.248	46.112	13.534
	TOTAL SALES	2418.458	2311.353	2523.191

Less	EXPENSES
	Cost of Materials Consumed	1597.222	1522.929	1570.224
	Employees benefits expense	272.454	173.518	147.838
	Other expenses	512.097	451.716	552.654
	TOTAL EXPENSES	2381.773	2148.163	2270.716

Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	36.685	163.190	252.475

Less	FINANCIAL EXPENSES	35.453	53.513	51.280

	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	1.232	109.677	201.195

Less	DEPRECIATION/ AMORTISATION	99.341	79.018	68.792

	PROFIT/ (LOSS) BEFORE TAX	(98.109)	30.659	132.403

	EARNINGS IN FOREIGN CURRENCY	70.722	NA	NA

	EARNINGS / (LOSS) PER SHARE (RS.)	(1.98)	0.41	NA

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014 (15 Months)	31.12.2012 (12 Months)	31.12.2011 (12 Months)
Net cash flows from (used in) operations	273.156	489.741	(203.876)
Cash generated from (Used) operations	NA	NA	NA
Net cash flows from (used in) operating activities	258.178	492.757	(203.876)

KEY RATIOS

PARTICULARS		31.03.2014 (15 Months)	31.12.2012 (12 Months)	31.12.2011 (12 Months)
Net Profit Margin (PAT / Sales)	(%)	(4.12)	1.35	5.28

Operating Profit Margin (PBIDT/Sales)	(%)	1.54	7.20	10.06

Return on Total Assets (PBT/Total Assets}	(%)	(4.87)	1.47	5.15

Return on Investment (ROI) (PBT/Networth)		(0.77)	0.14	0.65

Debt Equity Ratio (Total Debt /Networth)		8.68	5.41	8.55

Current Ratio (Current Asset/Current Liability)		0.85	1.27	1.09

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.12.2011 (12 Months)	31.12.2012 (12 Months)	31.03.2014 (15 Months)
	Rs. In Million	Rs. In Million	Rs. In Million
Share Capital	498.553	498.553	498.553
Reserves & Surplus	(293.536)	(273.152)	(371.874)
Net worth	205.017	225.401	126.679

long-term borrowings	1018.271	1039.219	740.498
Short term borrowings	735.640	179.931	0.000
Total borrowings	1753.911	1219.150	1099.988
Debt/Equity ratio	8.555	5.409	8.683

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.12.2011 (12 Months)	31.12.2012 (12 Months)	31.03.2014 (15 Months)
	Rs. In Million	Rs. In Million	Rs. In Million
Sales	2509.657	2265.241	2380.210
		(9.739)	5.075

NET PROFIT MARGIN

Net Profit Margin	31.12.2011 (12 Months)	31.12.2012 (12 Months)	31.03.2014 (15 Months)
	Rs. In Million	Rs. In Million	Rs. In Million
Sales	2509.657	2265.241	2380.210
Profit	132.403	30.659	(98.109)
	5.28%	1.35%	(4.12%)

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	yes
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)	Yes
16	No. of employees	Yes
17	Details of sister concerns	Yes
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	No
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	Yes
35	Negative Reporting by Auditors in the Annual Report	No

Note:

Registered office of the company is shifted from Nelson Towers, III - Wing, 117, Nelson Manikam Road, Aminjikarai, Chennai - 600029, Tamil Nadu, India to present address w.e.f. 30.10.2007.

BACKGROUND AND NATURE OF OPERATIONS

Zamil Steel Buildings India Private Limited (the Company) was incorporated on 9 April 2003. It is a wholly owned subsidiary of Zamil Industrial Investment Company, Saudi Arabia. The Company is engaged in the business of designing, manufacturing, supply and erection of Pre-Engineered Buildings (PEB) and parts thereof. The Company’s corporate office is located in Pune and it has a manufacturing facility at Ranjangaon.

UNSECURED LOAN

Unsecured Loan	31.03.2014 (Rs. in Million)	31.12.2012 (Rs. in Million)
Long-term Borrowings
Fully convertible Debentures	381.008	381.008
Foreign currency term loans from others	359.490	658.211
Total	740.498	1039.219

INDEX OF CHARGES: NO CHARGES EXISTS FOR THE COMPANY

FIXED ASSETS

· Land and Building

· Furniture’s and Fixtures

· Office Equipment

· Computer

· 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 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. 66.75
UK Pound	1	Rs. 100.29
Euro	1	Rs. 72.89

INFORMATION DETAILS

Information Gathered by :	KMN

Analysis Done by :	AMT

Report Prepared by :	SYL

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILITY	1~10	2
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	5
--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	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		41

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
--	NB	New Business	--

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.

MIRA INFORM REPORT

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