MIRA INFORM REPORT

Report No. :	354373
Report Date :	15.12.2015

IDENTIFICATION DETAILS

Name :	HES INFRA PRIVATE LIMITED
Registered Office :	74-5-9/1, Prakash Nagar, Rajahmundry – 533104, Andhra Pradesh
Tel. No.:	91-883-2429977
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	27.06.2007
Com. Reg. No.:	01-054641
Capital Investment / Paid-up Capital :	Rs. 195.000 Million
CIN No.: [Company Identification No.]	U45400AP2007PTC054641
IEC No.:	Not Divulged
TAN No.: [Tax Deduction & Collection Account No.]	VPNH00273A
PAN No.: [Permanent Account No.]	AABCH8954L
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is engaged in the business of Civil Engineering Works of various kinds like bridges, Roads, Aqueducts, Road over bridges, railway bridges and irrigation works etc. (Indirect Sources)
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

Ba (50)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject was established in the year 1997 as a partnership concern with the name “Hindustan Engineers Syndicate” and Later during 2007 it got converted into private limited with the name “HES INFRA PRIVATE LIMITED”. It is an established company incorporated in the year 2007 having satisfactory track. Available financial indicates sound financial risk profile marked by healthy net worth base with comfortable liquidity position and favorable gap between trade payables and trade receivables. The rating also takes into consideration good profit margin of the company. Moreover, the rating strength is partially offset by highly competitive infrastructure industry. Trade relations are reported as fair. Business is active. Payments terms are reported as slow but correct. In view of long track record and acceptable financial base, the company can be considered normal 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	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 Bank facilities = (BBB+)
Rating Explanation	Moderate degree of safety and carry moderate credit risk
Date	08.10.2015

Rating Agency Name	CARE
Rating	Short term Bank facilities = (A3+)
Rating Explanation	Moderate degree of safety and carry higher credit risk
Date	08.10.2015

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 31-03-2015.

INFORMATION DECLINED BY

Name :	Mr. Prakash Rao
Designation :	Vise President
Contact No.:	91-883-2429977
Date :	11.12.2015

LOCATIONS

Registered Office :	74-5-9/1, Prakash Nagar, Rajahmundry – 533104, Andhra Pradesh, India
Tel. No.:	91-883-2429977
Fax No.:	91-883-2430559
E-Mail :	raonsridhar@rediffmail.com hes_hyd@yahoo.com
Website :	http://www.hesinfra.com
Corporate Office :	Plot No. 39, B. N. Reddy Colony, Road No.14, Banjara Hills, Hyderabad – 500034, Andhra Pradesh, India
Tel. No.:	91-40-23546979
Fax No.:	91-40-23544822
E-Mail :	info@hesinfra.com

DIRECTORS

AS ON 30.09.2014

Name :

Mr. Alluri Venkata Vara Prasada Raju

Designation :

Director

Address :

6-22-7/97, F.No-A4-D, Park Lane Residency East Point Colony, Vishakapatnam - 530017, Andhra Pradesh, India

Date of Birth/Age :

28.06.1961

Date of Appointment :

27.06.2007

PAN No.:

ACFPA3162Q

DIN No.:

00616249

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	U05005AP1993PLC016109	VISAKHA AQUA FARMS LIMITED	Director	09/05/1998	09/05/1998	-	Active	YES
2	U50100AP1998PTC029227	AYS AUTOMOBILES PRIVATE LIMITED	Director	15/01/2003	15/01/2003	-	Active	YES
3	U40101HP2001PTC024547	SAINJ HYDRO POWER PRIVATE LIMITED	Director	29/09/2006	21/08/2006	25/03/2013	Active	NO
4	U45400AP2007PTC054641	HES INFRA PRIVATE LIMITED	Director	27/06/2007	27/06/2007	-	Active	NO
5	U23200AP1995PTC022080	COASTAL INFRASTRUCTURE PRIVATE LIMITED	Director	25/09/2013	17/08/2013	26/03/2015	Active	NO
6	U40106DL2010PTC204866	ANDRA POWER PRIVATE LIMITED	Director	25/09/2013	23/08/2013	26/03/2015	Active	NO
7	U40102DL2010PTC204373	ARISTA POWER PRIVATE LIMITED	Director	30/09/2013	23/08/2013	26/03/2015	Active	NO

Name :

Mr. Kesavaraju Manthena

Designation :

Director

Address :

74-5-9/1, Prakash Nagar,, Rajahmundry, East Godavari Dist, Rajahmundry - 533103, Andhra Pradesh, India

Date of Birth/Age :

20.08.1955

Date of Appointment :

27.06.2007

PAN No.:

AJOPM9905D

DIN No.:

02450679

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	U72900KA2007PTC041911	ARTERIA TECHNOLOGIES PRIVATE LIMITED	Director	27/02/2007	27/02/2007	Active	NO
2	U45400AP2007PTC054641	HES INFRA PRIVATE LIMITED	Director	27/06/2007	27/06/2007	Active	NO
3	U01119AP2009PTC065822	HES AGRO PRIVATE LIMITED	Director	13/11/2009	13/11/2009	Active	NO

Name :

Mr. Mohan Raju Ipr

Designation :

Director

Address :

P-1, Sita Towers, Bhimavaram - 534202, Andhra Pradesh, India

Date of Birth/Age :

01.06.1957

Date of Appointment :

27.06.2007

PAN No.:

AAMPI1346M

DIN No.:

02333935

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	U45400AP2007PTC054641	HES INFRA PRIVATE LIMITED	Director	27/06/2007	27/06/2007	-	Active	NO
2	U01403AP2009PTC066042	HRUDAI AGRI PRIVATE LIMITED	Director	01/12/2009	01/12/2009	-	Active	NO
3	U05004AP2009PTC066062	JANAKIRAMA AQUA FARMS PRIVATE LIMITED	Director	02/12/2009	02/12/2009	-	Active	NO
4	U15490AP2009PTC066086	HRUDAI BIO-TECH PRIVATE LIMITED	Director	03/12/2009	03/12/2009	-	Active	NO
5	U05004AP2009PTC066088	HRUDAI AQUA FOODS PRIVATE LIMITED	Director	03/12/2009	03/12/2009	-	Active	NO
6	U15549AP2010PTC067114	BLUE-FIN SEA FOODS PRIVATE LIMITED	Director	22/02/2010	22/02/2010	16/12/2011	Active	NO
7	U15510AP2012PTC080382	H.B.SPIRITS PRIVATE LIMITED	Director	18/04/2012	18/04/2012	-	Active	NO
8	U05004AP2013PTC086892	LOKA AQUA FARMS PRIVATE LIMITED	Director	09/04/2013	09/04/2013	-	Active	NO

Name :

Mr. Venkata Rama Krishnam Raju Indukuri

Designation :

Managing director

Address :

8-2-293/82/A/1030/3, Road No. 51, Jubilee Hills, Hyderabad - 500033, Andhra Pradesh, India

Date of Birth/Age :

23.09.1960

Date of Appointment :

27.06.2007

PAN No.:

AAJPI3011Q

DIN No.:

00916103

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	U72900KA2007PTC041911	ARTERIA TECHNOLOGIES PRIVATE LIMITED	Director	27/02/2007	27/02/2007	Active	NO
2	U45400AP2007PTC054641	HES INFRA PRIVATE LIMITED	Managing director	27/06/2007	27/06/2007	Active	NO
3	U01119AP2009PTC065822	HES AGRO PRIVATE LIMITED	Director	13/11/2009	13/11/2009	Active	NO
4	U01403AP2009PTC066042	HRUDAI AGRI PRIVATE LIMITED	Director	01/12/2009	01/12/2009	Active	NO
5	U05004AP2009PTC066062	JANAKIRAMA AQUA FARMS PRIVATE LIMITED	Director	02/12/2009	02/12/2009	Active	NO
6	U15490AP2009PTC066086	HRUDAI BIO-TECH PRIVATE LIMITED	Director	03/12/2009	03/12/2009	Active	NO
7	U05004AP2009PTC066088	HRUDAI AQUA FOODS PRIVATE LIMITED	Director	03/12/2009	03/12/2009	Active	NO
8	U11200AP2009PTC066268	ARYAN GAS TECHNOLOGIES INDIA PRIVATE LIMITED	Director	14/12/2009	14/12/2009	Under Process of Striking off	NO
9	U45209TG2010PTC069727	GANGA TOLLWAYS PRIVATE LIMITED	Managing director	29/07/2010	29/07/2010	Under Process of Striking off	NO
10	U40300TG2011PLC076149	BURGAMPADU GEO THERMAL LIMITED	Director	24/08/2011	24/08/2011	Active	NO
11	U40300TG2011PLC076235	GANDIKOTA WIND POWER LIMITED	Director	30/08/2011	30/08/2011	Active	NO
12	U05004AP2013PTC086822	NANDAN AQUATECH (INDIA) PRIVATE LIMITED	Director	06/04/2013	06/04/2013	Active	NO
13	U05004AP2013PTC086911	SALINI AQUATECH (INDIA) PRIVATE LIMITED	Director	10/04/2013	10/04/2013	Active	NO

KEY EXECUTIVES

Name :	Mr. Prakash Rao
Designation :	Vise President

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2014

Names of Shareholders	No. of Shares
Alluri Venkata Vara Prasada Raju	2150000
Venkata Rama Krishnam Raju Indukuri	4088400
Mohan Raju Ipr	4691600
Kesavaraju Manthena	5030000
K. Subbaiah	3500000
I. Padmavathi	10000
I.V. Suryanarayana Raju	10000
D. Jhansi Lakshmi	10000
Krishna Sujala	10000
Total	19500000

AS ON 30.09.2014

Equity Share Breakup	Percentage of Holding
Category
Directors or relatives of directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged in the business of Civil Engineering Works of various kinds like bridges, Roads, Aqueducts, Road over bridges, railway bridges and irrigation works etc. (Indirect Sources)

Products :

ITC Code No.	Product Descriptions
99532111	Civil Engineering

Brand Names :

--

Agencies Held :

--

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Selling :

Not Divulged

Purchasing :

Not Divulged

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference:	Not Divulged
Name of the Person (Designation):	Not Divulged
Contact Number:	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 (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Maximum limit dealt:	Not Divulged
Experience:	Not Divulged
Remark	Not Divulged

No. of Employees :

Not Divulged

Bankers :

Bank Name:	Not Divulged
Branch:	Not Divulged
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 A/c Opening):	Not Divulged
Average Balance Maintained (Optional):	Not Divulged
Credit Facilities Enjoyed (CC/OD/Term Loan):	Not Divulged
Account Operation:	Not Divulged
Remarks:	Not Divulged

· Bank of India

Hyderabad Corporate Banking Branch, 10-1-1199/2, 1st Floor, PTI Building, A C Guards, Hyderabad - 500004, Andhra Pradesh, India

· Bank of Inda Large Corporate Branch Hyderabd

PTI Building, 10-1-119/2, A C Guards, Hyderabad - 500004, Andhra Pradesh, India

· Centurin Bank of Punjab Limited

F416, Minervacomplex, S. D. Road, Secunderabad - 500002, 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	417.588	636.107
SHORT TERM BORROWINGS
Working capital loans from banks	899.049	916.366
Total	1316.637	1552.473

Banking Relations :	--
Financial Institutions :	· Srei Infrastructure Finance Limited Vishwakarma,86C,Topsia Road (South), Kolkata - 700046, West Bengal, India · Srei Equipment Finance Limited 'Vishwakarma', 86c, Topsia Road, Kolkata - 700046, India · Tata Capital Financial Services Limited One Forbes, Dr. V. B. Gandhi Marg, Fort, Mumbai - 400001,  Maharashtra, India · HDB Financial Services Limited Radhika, 2^nd Floor, Law Garden Road, Navrangpura, Ahmedabad - 380009, Gujarat, India
	·
Auditors :
Name :	VASG Associates Chartered Accountants
Address :	No. 503/A, Kubera Towers , Narayanaguda, Hyderabad, Andhra Pradesh, India
Income-tax PAN of auditor or auditor's firm :	AAFFV2175D
Memberships :	--
Collaborators :	--
Related Party:	· Not available

CAPITAL STRUCTURE

AS ON 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
25,000,000	Equity Shares	Rs. 10/- each	Rs. 250.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
19,500,000	Equity Shares	Rs. 10/- each	Rs. 195.000 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	195.000	195.000	155.000
(b) Reserves & Surplus	1680.587	1305.835	1029.065
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	5.000
Total Shareholders’ Funds (1) + (2)	1875.587	1500.835	1189.065
(3) Non-Current Liabilities
(a) Long-term borrowings	1028.123	1586.768	1312.833
(b) Deferred tax liabilities (Net)	22.857	21.704	12.334
(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)	1050.980	1608.472	1325.167
(4) Current Liabilities
(a) Short term borrowings	899.049	916.366	670.652
(b) Trade payables	492.224	1151.693	1789.176
(c) Other current liabilities	14.872	11.535	0.000
(d) Short-term provisions	186.094	216.021	236.154
Total Current Liabilities (4)	1592.239	2295.615	2695.982
TOTAL	4518.806	5404.922	5210.214
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	537.264	583.454	444.459
(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	75.240	61.528	73.559
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	954.214	749.554	1005.423
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	1566.718	1394.536	1523.441
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	243.306	554.750	0.000
(c) Trade receivables	1997.207	2819.616	3266.674
(d) Cash and cash equivalents	448.445	489.400	318.688
(e) Short-term loans and advances	263.130	146.620	101.411
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	2952.088	4010.386	3686.773
TOTAL	4518.806	5404.922	5210.214

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		TOTAL	5259.300	5251.300	5101.400
Less	EXPENSES
		TOTAL	4551.000	4694.300	4643.400
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		708.300	557.000	458.000
Less	FINANCIAL EXPENSES		280.300	204.400	124.600
	PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		428.000	352.600	333.400
Less/ Add	DEPRECIATION/ AMORTISATION		60.100	37.000	33.200
	PROFIT/ (LOSS) BEFORE TAX		367.900	315.600	300.200
	EXTRAORDINARY ITEMS		0.000	0.000	160.100
Less	TAX		(6.900)	71.900	165.500
	PROFIT/ (LOSS) AFTER TAX		374.800	243.700	294.800
	Earnings Per Share (Rs.)		19.22	12.50	19.02

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	NA	NA	NA
Cash Generated from Operations	NA	NA	NA
Net Cash Flow from used in Operations	1015.537	(210.297)	(359.447)

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Total Income)	(%)	7.13	4.64	5.78
Operating Profit Margin (PBDIT/ Total Income)	(%)	13.47	10.61	8.98
Return on Total Assets (PBT/Total Assets}	(%)	8.28	5.91	5.84
Return on Investment (ROI) (PBT/Networth)		0.20	0.21	0.25
Debt Equity Ratio (Total Debt/Networth)		1.03	1.67	1.67
Current Ratio (Current Asset/Current Liability)		1.85	1.75	1.37

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	155.000	195.000	195.000
Reserves & Surplus	1029.065	1305.835	1680.587
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	5.000	0.000	0.000
Net worth	1189.065	1500.835	1875.587
Long-term borrowings	1312.833	1586.768	1028.123
Short term borrowings	670.652	916.366	899.049
Total borrowings	1983.485	2503.134	1927.172
Debt/Equity ratio	1.668	1.668	1.028

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)
Total Income	5101.400	5251.300	5259.300
		2.938	0.152

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Total Income	5101.400	5251.300	5259.300
Profit	294.800	243.700	374.800
	5.78%	4.64%	7.13%

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	Yes
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	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	10601183	03/11/2015	3,500,000.00	SREI EQUIPMENT FINANCE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA - 700046, WEST BENGAL, INDIA	C69431682
2	10595268	22/08/2015	19,817,142.00	SREI EQUIPMENT FINANCE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA - 700046, WEST BENGAL, INDIA	C66327131
3	10580076	29/06/2015	6,500,000.00	TATA CAPITAL FINANCIAL SERVICES LIMITED	ONE FORBES,, DR. V. B. GANDHI MARG, FORT, MUMBAI - 400001,  MAHARASHTRA, INDIA	C58989351
4	10576174	31/05/2015	11,167,000.00	TATA CAPITAL FINANCIAL SERVICES LIMITED	ONE FORBES,, DR. V. B. GANDHI MARG, FORT, MUMBAI- 400001,  MAHARASHTRA, INDIA	C57050650
5	10574945	30/04/2015	24,986,625.00	HDB FINANCIAL SERVICES LIMITED	RADHIKA, 2ND FLOOR, LAW GARDEN ROAD, NAVRANGPURA, AHMEDABAD - 380009, GUJARAT, INDIA	C56445794
6	10566392	01/04/2015	28,000,000.00	SREI EQUIPMENT FINANCE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA - 700046, WEST BENGAL, INDIA	C52151024
7	10540525	22/12/2014	11,118,000.00	SREI EQUIPMENT FINANCE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA - 700046, WEST BENGAL, INDIA	C39170378
8	10570867	20/11/2014	200,000,000.00	ANDHRA BANK	DANAVAIPETA BRANCH, RAJAHMUNDRY -  533103, ANDHRA PRADESH, INDIA	C54351929
9	10539317	01/11/2014	21,085,000.00	SREI EQUIPMENT FINANCE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA - 700046, WEST BENGAL, INDIA	C38457982
10	10506525	13/06/2014	2,583,674.00	SUNDARAM FINANCE LIMITED	21 PATULLOS ROAD, CHENNAI - 600002, TAMIL NADU, INDIA	C09631599
11	10506527	13/06/2014	2,583,674.00	SUNDARAM FINANCE LIMITED	21 PATULLOS ROAD, CHENNAI - 600002, TAMIL NADU, INDIA	C09632282
12	10506530	13/06/2014	2,583,674.00	SUNDARAM FINANCE LIMITED	21 PATULLOS ROAD, CHENNAI - 600002, TAMIL NADU, INDIA	C09632902
13	10419474	01/03/2013	17,610,000.00	SREI EQUIPMENT FINANCE PRIVATE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA - 700046, WEST BENGAL, INDIA	B72932452
14	10419413	01/03/2013	6,700,000.00	SREI EQUIPMENT FINANCE PRIVATE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA - 700046, WEST BENGAL, INDIA	B72933203
15	10418892	01/03/2013	1,700,000.00	SREI EQUIPMENT FINANCE PRIVATE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA - 700046, WEST BENGAL, INDIA	B72933591
16	10418895	01/03/2013	1,900,000.00	SREI EQUIPMENT FINANCE PRIVATE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA - 700046, WEST BE  NGAL, INDIA	B72935042
17	10418897	01/03/2013	7,500,000.00	SREI EQUIPMENT FINANCE PRIVATE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA - 700046, WEST BENGAL, INDIA	B72935570
18	10383046	15/10/2012	9,500,000.00	SREI EQUIPMENT FINANCE PRIVATE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA - 700046, WEST BENGAL, INDIA	B60724655
19	10383048	15/10/2012	19,990,000.00	SREI EQUIPMENT FINANCE PRIVATE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA - 700046, WEST BENGAL, INDIA	B60725504
20	10375006	12/09/2012	23,875,000.00	SREI EQUIPMENT FINANCE PRIVATE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA - 700046, WEST BENGAL, INDIA	B57479867
21	10375008	12/09/2012	12,150,000.00	SREI EQUIPMENT FINANCE PRIVATE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA - 700046, WEST BE  NGAL, INDIA	B57480204
22	10373868	05/09/2012	11,758,709.00	SREI EQUIPMENT FINANCE PRIVATE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA - 700046, WEST BE  NGAL, INDIA	B56987332
23	10373887	05/09/2012	12,251,785.00	SREI EQUIPMENT FINANCE PRIVATE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA - 700046, WEST BENGAL, INDIA	B56988090
24	10385927	13/03/2012	18,000,000.00	ANDHRA BANK	DANAVAIPETA BRANCH, RAJAHMUNDRY -  533104, ANDHRA PRADESH, INDIA	B56647829
25	10385930	31/12/2011	6,480,000.00	ANDHRA BANK	DANAVAIPETA BRANCH, RAJAHMUNDRY -  533104, ANDHRA PRADESH, INDIA	B56648694
26	10271926	15/02/2011	50,000,000.00	SREI EQUIPMENT FINANCE PRIVATE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA - 700046, WEST BE  NGAL, INDIA	B08207540
27	10197313	18/01/2010	3,490,000.00	ANDHRA BANK	DANAVAIPET BRANCH, RAJAHMUNDRY - 533103, ANDHRA PRADESH, INDIA	A77491785
28	10186555	10/11/2009	1,100,000.00	ANDHRA BANK	DANAVAIPET BRANCH, RAJAHMUNDRY - 533103, ANDHRA PRADESH, INDIA	A73565616
29	10153769	27/04/2012 *	4,500,000,000.00	BANK OF INDA LARGE CORPORATE BRANCH HYDERABD	PTI BUILDING, 10-1-119/2, A C GUARDS, HYDERABAD,  ANDHRA PRADESH - 500004, INDIA	B56435555

* Date of charge modification

UNSECURED LOANS

PARTICULARS	31.03.2014 (Rs. In Million)	31.03.2013 (Rs. In Million)
LONG-TERM BORROWINGS
Loans and advances from directors	33.431	44.166
Loans and advances from others	246.710	416.211
Other loans and advances, others	330.394	490.284
Total	610.535	950.661

OPERATIONS

The company achieved a turnover of Rs.5259.300 million during the year as against Rs.5251.300 million in the earlier year. The company now has become multi state operating infrastructure entity by virtue of the orders procured outside the state of Andhra Pradesh.

FIXED ASSETS:

· Land

· Plant and Equipment

· Other plant and Equipment

· Furniture and Fixtures

· Vehicles

· Motor 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.66.99
UK Pound	1	Rs.101.78
Euro	1	Rs.73.47

INFORMATION DETAILS

Information Gathered by :	PRT
Analysis Done by :	DIV
Report Prepared by :	ARC

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	5
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	7
--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	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		50

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.