MIRA INFORM REPORT

Report No. :	355644
Report Date :	23.12.2015

IDENTIFICATION DETAILS

Name :	CONCAST EXIM LIMITED
Registered Office :	21, Hemant Basu Sarani, 5^th Floor, Room No.511-512, Kolkata – 700 001, West Bengal
Tel. No.:	91-33-40232323/ 22130481-87
Country :	India
Financials (as on) :	30.06.2014
Date of Incorporation :	15.01.2009
Com. Reg. No.:	21-132009
Capital Investment / Paid-up Capital :	Rs. 212.222 Million
CIN No.: [Company Identification No.]	U51101WB2009PLC132009
IEC No.:	0209001984
TAN No.: [Tax Deduction & Collection Account No.]	CALC06722C
PAN No.: [Permanent Account No.]	AADCC5575G
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Subject is engaged mainly in the business of Trading in Iron and Steel, Coal, Coke. (Registered Activity)
No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

B (32)

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 :	Exist
Comments :	Subject was established in the year 2009 and it is engaged in the trading of various types of iron and steel related products (like coal, LAM coke, scrap, pig iron and steel, iron ore etc.) For the financial year ended 2014, company possesses moderate operational performance and it has incurred loss from its operational activities during the year under review. Rating remain constrained on account of company’s working capital intensive nature of operations marked by counter-party payment risk, risk arising out of foreign exchange fluctuation, susceptibility of its margins to the fluctuation in the raw material prices and intense competition. However, rating weakness is partially offset by experience of the promoters in trading business and regular infusion of funds by the promoters along with moderate financial base and above average debt coverage indicators. Trade relations are fair. Business is active. Payment terms are 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

Rating Agency Name	CARE
Rating	Long-term bank facilities : BBB- (Suspended)
Rating Explanation	Moderate degree of safety and moderate credit risk.
Date	11.09.2014

Rating Agency Name	CARE
Rating	Short-term bank facilities : A3 (Suspended)
Rating Explanation	Moderate degree of safety and higher credit risk.
Date	11.09.2014

Reason for suspension : Absence of adequate 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 31-03-2015.

INFORMATION DENIED BY

Management non-cooperative (91-33-40232323)

LOCATIONS

Registered Office/ Corporate Office :	21, Hemant Basu Sarani, 5^th Floor, Room No.511-512, Kolkata – 700 001, West Bengal, India
Tel. No.:	91-33-40232323/ 22130481-87
Fax No.:	91-33-40232323/ 22130488
E-Mail :	contact.concast@gmail.com mja_cal@yahoo.com mca@concastgroup.com
Website :	www.concastgroup.com
Factory :	2, Ishwar Chandra Chatterjee Lane, Sodepur, 24 Parganas (N), West Bengal, India
Tel. No.:	91-33-25635327/ 28
Fax No.:	91-33-25536780

DIRECTORS

As on 31.03.2015

Name :

Mr. Sanjay Kumar Sureka

Designation :

Director

Address :

28/1, Shakespeare Sarani, Kolkata – 700 017, West Bengal, India

Date of Birth/Age :

22.01.1971

Date of Appointment :

15.01.2009

DIN No.:

00218025

PAN No.:

AMSPS0990B

Voter ID No.:

WB-23-146-069180

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 LIMITED	Director	02/11/1992	02/11/1992	-	Active	NO
2	U27101WB1941PLC010497	CONCAST ISPAT LIMITED	Managing director	01/04/2014	27/09/1999	-	Active	NO
3	U70109WB2002PTC094216	CONCAST INFRASTRUCTURE PRIVATE LIMITED	Director	16/04/2010	11/02/2002	-	Active	NO
4	U15499WB2002PLC094218	ORGANIC GREEN FOODS LIMITED	Director	12/02/2002	12/02/2002	30/04/2009	Active	NO
5	U27109WB1995PLC071063	CONCAST BENGAL INDUSTRIES LIMITED	Director	30/09/2011	12/02/2002	-	Active	NO
6	U27109WB1995PLC067953	DANKUNI STEELS LIMITED	Director	10/04/2004	10/04/2004	-	Active	NO
7	U27109WB2004PLC099978	CONCAST ENERGY LIMITED	Director	28/09/2004	28/09/2004	04/05/2009	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 AND TUBES LIMITED	Director	28/08/2007	28/08/2007	04/05/2009	Active	NO
13	U51109WB1990PTC048957	JAI BHOLA TRADING COMPANY PRIVATE LIMITED	Director	14/01/2008	14/01/2008	27/04/2009	Active	NO
14	U51909WB1995PLC072045	CONCAST STEEL & POWER LIMITED	Managing director	06/01/2015	03/07/2008	-	Active	NO
15	U27100WB2008PTC129844	CONCAST ENGINEERING PRIVATE LIMITED	Director	03/10/2008	03/10/2008	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	03/12/2009	03/12/2009	15/12/2012	Active	NO
18	U40105AR2008PLC008256	SATYAM (NORTH EAST) THERMAL POWER LIMITED	Director	07/01/2010	07/01/2010	03/12/2012	Active	NO
19	U10102AR2008PLC008257	CONCAST CEMENT INDUSTRIES LIMITED	Director	07/01/2010	07/01/2010	17/08/2015	Active	NO
20	U11101AR2010PLC008294	SATYAM (NORTH EAST) ENERGY LIMITED	Director	05/03/2010	05/03/2010	16/02/2012	Active	NO
21	U51101WB2010PTC151974	ROOTSTAR TRADELI NK PRIVATE LIMITED	Director	10/09/2010	10/09/2010	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	02/02/2011	02/02/2011	05/12/2012	Active	NO
24	U26922WB2006PTC109915	SWATI UDYOG PRIVATE LIMITED	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	05/12/2012	Active	NO
26	U64202WB1995PLC075980	I-WIN ADVISORY SERVICES LIMITED	Director	29/09/2011	02/05/2011	25/04/2014	Active	NO
27	U51909WB2007PTC118553	SODEPUR COMMERCIAL PRIVATE LIMITED	Director	30/09/2011	01/06/2011	15/12/2012	Active	NO
28	U45400WB2011PTC170236	CONCAST DAMOH ROAD PROJECT PRIVATE LIMITED	Director	30/09/2015	02/12/2011	-	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	10/08/2015	Active	NO
31	U45400WB2011PTC171170	CONCAST JAWASA ROAD PROJECTS PRIVATE LIMITED	Director	26/12/2011	26/12/2011	18/04/2014	Active	NO
32	U45400WB2011PTC171198	CONCAST AMBHA ROAD PROJECTS PRIVATE LIMITED	Director	26/12/2011	26/12/2011	25/04/2014	Active	NO
33	U45400WB2012PTC171876	HARDSOFT PROMOTERS PRIVATE LIMITED	Director	10/01/2012	10/01/2012	21/08/2014	Active	NO
34	U45400WB2012PTC171877	LIFEWOOD PROMOTERS PRIVATE LIMITED	Director	10/01/2012	10/01/2012	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	06/07/2012	06/07/2012	10/08/2015	Active	NO
38	U23101ML2012PTC008517	CARBOENERGY RESOURCES PRIVATE LIMITED	Director	22/08/2012	22/08/2012	01/10/2014	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	03/10/2012	03/10/2012	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	10/08/2015	Active	NO
43	U74900WB2013PLC197050	CONCAST COMMOTRADE LIMITED	Director	05/09/2013	05/09/2013	18/04/2014	Active	NO
44	U45400WB2014PTC200055	CONCAST HYUNDAI HALDIA PORT PRIVATE LIMITED	Director	07/02/2014	07/02/2014	10/08/2015	Active	NO
45	AAA-5148	SANJAY COMMOTRADE LLP	Designated Partner	10/06/2011	10/06/2011	-	Active	NO

Name :

Mr. Chetan Kumar Vinod Kumar Jain

Designation :

Whole Time Director

Address :

F-53/7, Karunamoyee Estate, Salt Lake, Kolkata – 700 091, West Bengal, India

Date of Birth/Age :

30.01.1974

Date of Appointment :

01.03.2013

DIN No.:

00694433

PAN No.:

ACYPJ1473G

Voter ID No.:

WB/20/139/783602

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 PRIVATE LIMITED	Director	27/02/1997	27/02/1997	-	Strike off	NO
2	U74140WB2005PTC106250	FASTRACK LOGISTICS AND SERVICES PRIVATE LIMITED	Director	15/05/2006	15/05/2006	01/09/2009	Active	NO
3	U51101WB2009PLC132009	CONCAST EXIM LIMITED	Whole-time director	01/03/2013	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	10/09/2010	10/09/2010	20/09/2014	Active	NO
6	U45400WB2010PLC153282	CONCAST INFRATECH LIMITED	Director	22/09/2010	22/09/2010	-	Active	NO
7	U28999WB2010PTC154383	CONCAST WHEEL AND AXLE PRIVATE LIMITED	Director	01/11/2010	01/11/2010	-	Active	NO
8	U51103WB2011PTC158382	CONCAST CEMENT PRIVATE LIMITED	Director	02/02/2011	02/02/2011	-	Active	NO
9	U26922WB2006PTC109915	SWATI UDYOG PRIVATE LIMITED	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	02/05/2011	-	Active	NO
12	U45400WB2011PTC170236	CONCAST DAMOH ROAD PROJECT PRIVATE LIMITED	Director	02/12/2011	02/12/2011	-	Active	NO
13	U45203WB2011PTC170728	CONCAST DHANETA ROAD PROJECTS PRIVATE LIMITED	Director	15/12/2011	15/12/2011	-	Active	NO
14	U45203WB2011PTC171173	CONCAST PATAN ROAD PROJECTS PRIVATE LIMITED	Director	26/12/2011	26/12/2011	-	Active	NO
15	U45400WB2011PTC171170	CONCAST JAWASA ROAD PROJECTS PRIVATE LIMITED	Director	26/12/2011	26/12/2011	-	Active	NO
16	U45400WB2011PTC171198	CONCAST AMBHA 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	04/05/2012	04/05/2012	-	Active	NO
19	U51909WB2012PTC182376	DHANAPATI RETAILERS PRIVATE LIMITED	Director	05/07/2012	05/07/2012	21/08/2014	Active	NO
20	U45203WB2012PTC183550	CONCAST SENDHWA ROAD PROJECTS PRIVATE LIMITED	Director	06/07/2012	06/07/2012	09/12/2013	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	03/10/2012	03/10/2012	-	Active	NO
23	U85110WB2009PTC139889	INDO-US HEALTHCARE PRIVATE LIMITED	Director	30/09/2013	05/12/2012	28/06/2014	Active	NO
24	U45400WB2012PTC189322	CONCAST BADNAGAR ROAD PROJECTS PRIVATE LIMITED	Director	18/12/2012	18/12/2012	09/12/2013	Active	NO
25	U45400WB2013PTC195801	CONCAST JABALPUR ROAD PROJECTS PRIVATE LIMITED	Director	23/07/2013	23/07/2013	09/12/2013	Active	NO
26	U45400WB2013PTC194205	DHANAASHA NIRMAAN PRIVATE LIMITED	Director	31/08/2013	31/08/2013	01/12/2014	Active	NO
27	U74900WB2013PLC197050	CONCAST COMMOTRADE LIMITED	Director	05/09/2013	05/09/2013	-	Active	NO
28	U45400WB2014PTC200055	CONCAST HYUNDAI HALDIA PORT PRIVATE LIMITED	Director	07/02/2014	07/02/2014	-	Active	NO

Name :

Mr. Anil Kumar Kedia

Designation :

Additional Director

Address :

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

Date of Birth/Age :

14.04.1973

Date of Appointment :

01.12.2013

DIN No.:

01364304

Voter ID No.:

WB/21/143/147300

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	01/12/2013	15/01/2009	-	Active	NO
3	U27109WB1995PLC067953	DANKUNI STEELS LIMITED	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 LIMITED	Director	04/06/2012	04/06/2012	-	Active	NO
6	U27109WB2004PLC099978	CONCAST ENERGY LIMITED	Director	29/09/2012	05/06/2012	-	Active	NO
7	U27310WB2007PLC118140	CONCAST SHEETS AND TUBES LIMITED	Director	30/09/2013	07/08/2013	-	Active	NO
8	U51909WB1995PLC072045	CONCAST STEEL AND POWER LIMITED	Director	30/09/2013	07/08/2013	-	Active	NO
9	U74900WB2013PLC197050	CONCAST COMMOTRADE LIMITED	Director	05/09/2013	05/09/2013	-	Active	NO
10	U40300WB2012PTC186479	CONCAST SOLAR POWER PRIVATE LIMITED	Additional director	01/12/2013	01/12/2013	-	Active	NO
11	U51909WB2007PTC118553	SODEPUR COMMERCIAL PRIVATE LIMITED	Additional director	01/12/2013	01/12/2013	-	Active	NO
12	U27109WB1995PLC071063	CONCAST BENGAL INDUSTRIES LTD	Additional director	01/12/2013	01/12/2013	-	Active	NO
13	U27101WB1941PLC010497	CONCAST ISPAT LIMITED	Additional director	22/03/2014	22/03/2014	-	Active	NO
14	U72200WB2001PLC093976	IMPEX INFOTECH LIMITED	Director	26/05/2014	26/05/2014	02/12/2014	Active	NO

KEY EXECUTIVES

Name :	Mr. Sumit Sushil Kanungo
Designation :	Secretary
Address :	655 Block 'O', New Alipore, Kolkata – 700 053, West Bengal, India
Date of Birth/Age :	03.10.1984
Date of Appointment :	01.11.2012
Mobile No.:	91-9836220578
E-Mail:	sumitkanungo@concastgroup.com
PAN No.:	CIDPK5745H

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 27.03.2015

NOTE: SHAREHOLDING DETAILS FILE ATTACHED.

Equity Share Break up (Percentage of Total Equity)

As on 27.03.2015

Equity Share Breakup	Percentage of Holding
Category
Bodies corporate	99.75
Directors or relatives of directors	0.24
Other top fifty shareholders	0.01
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged mainly in the business of Trading in Iron and Steel, Coal, Coke. (Registered Activity)

Products :

Item Code No.	Product Description
99651254	Iron and Steels

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 :

Bank Name	State Bank of Bikaner and Jaipur
Branch	20-B, Park Street, 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

· Vijaya Bank, Overseas Branch, 125/1 Park Street, Kolkata - 700017, West Bengal, India

· Central Bank Of India, Corporate Finance Branch,, 33, Netaji Subhas Road, Kolkata - 700001, West Bengal, India

· Dena Bank, Corporate Business Branch, 238b, AJC Bose Road, Kolkata - 700020, West Bengal, India

· UCO Bank, Flagship Corporate Branch (Fcc), 2, India Exchange Place, Kolkata - 700001, West Bengal, India

· State Bank of India, Industrial Finance Branch, Kolkata, 11, Dr. U. N. Brahmachari Street, Kolkata - 700017, West Bengal, India

· United Bank of India, Corporate Finance Branch, 11, Hemanta Basu Sarani, Kolkata - 700001, West Bengal, India

· Lakshmi Vilas Bank Limited 3, Red Cross Place, Kolkata - 700001, West Bengal, India

Facilities :

Secured Loan	30.06.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Long-term Borrowings
Other loans and advances	0.000	0.809
Short-term borrowings
Working capital loans from banks	6944.461	5798.817
Total	6944.461	5799.626

Auditors :
Name :	M. Jain and Associates Chartered Accountants
Address :	Mercantile Building, 9/12, Lal Bazar Street, Block – B, 4^th Floor, Kolkata – 700 001, West Bengal, India
Income-tax PAN of auditor or auditor's firm :	AADCF2465F
Memberships :	--
Collaborators :	--
Associates/Subsidiaries :	· Concast Ispat Limited CIN No.: U27101WB1941PLC010497 · Dankuni Steels Limited CIN No.: U27109WB1995PLC067953 · Concast Infratech Limited CIN No.: U45400WB2010PLC153282 · Concast Bengal Industries Limited CIN No.: U27109WB1995PLC071063 · Concast Steel and Power Limited CIN No.: U51909WB1995PLC072045 · Concast Global Limited CIN No.: U27106WB1996PLC076334 · Concast Infrastructure Private Limited CIN No.: U70109WB2002PTC094216 · Concast Vyapaar Limited CIN No.: U51909WB2006PLC111597 · Concast Hongkong Pte Limited, Hong Kong · Concast Singapore Pte Limited, Singapore

CAPITAL STRUCTURE

As on 27.03.2015

Authorised Capital :

No. of Shares	Type	Value	Amount
24,000,000	Equity Shares	Rs.10/- each	Rs. 240.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
21,222,160	Equity Shares	Rs.10/- each	Rs. 212.222 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	30.06.2014 (15 Months)	31.03.2013	31.03.2012
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	212.222	194.722	194.722
(b) Reserves & Surplus	3697.907	4000.765	3609.579
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	350.000	0.000
Total Shareholders’ Funds (1) + (2)	3910.129	4545.487	3804.301
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.809	4.817
(b) Deferred tax liabilities (Net)	10.367	0.000	0.000
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	514.575	514.575	170.000
Total Non-current Liabilities (3)	524.942	515.384	174.817
(4) Current Liabilities
(a) Short term borrowings	6944.461	5798.817	3987.063
(b) Trade payables	11817.904	5041.942	5024.157
(c) Other current liabilities	51.475	28.490	68.441
(d) Short-term provisions	0.000	0.000	150.000
Total Current Liabilities (4)	18813.840	10869.249	9229.661
TOTAL	23248.911	15930.120	13208.779
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	172.948	176.336	178.463
(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	5.000	5.000	5.000
(c) Deferred tax assets (net)	1.260	1.008	0.000
(d) Long-term Loan and Advances	0.000	0.000	175.107
(e) Other Non-current assets	0.000	0.224	0.447
Total Non-Current Assets	179.208	182.568	359.017
(2) Current assets
(a) Current investments	10.033	54.631	138.05
(b) Inventories	4050.432	3380.935	3379.363
(c) Trade receivables	16637.066	9533.545	7457.706
(d) Cash and cash equivalents	1073.297	1295.509	1010.21
(e) Short-term loans and advances	1298.875	1482.932	864.433
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	23069.703	15747.552	12849.762
TOTAL	23248.911	15930.120	13208.779

PROFIT & LOSS ACCOUNT

	PARTICULARS		30.06.2014 (15 Months)	31.03.2013	31.03.2012
	SALES
		Income	57956.048	37816.743	29570.038
		Other Income	111.748	94.135	59.105
		TOTAL (A)	58067.796	37910.878	29629.143
Less	EXPENSES
		Purchases of Stock-in-Trade	55284.772	36180.580	29971.324
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(669.497)	(1.572)	(1764.530)
		Employees benefits expense	14.246	10.771	10.156
		Other expenses	2206.466	267.450	213.716
		TOTAL (B)	56835.987	36457.229	28430.666
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)		1231.809	1453.649	1198.477
Less	FINANCIAL EXPENSES (D)		1853.187	864.974	742.387
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		(621.378)	588.675	456.090
Less/ Add	DEPRECIATION/ AMORTISATION (F)		3.612	2.915	2.360
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)		(624.990)	585.760	453.730
Less	TAX (H)		10.368	194.575	150.000
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)		(635.358)	391.185	303.730
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		1106.326	715.141	411.411
	BALANCE CARRIED TO THE B/S		470.968	1106.326	715.141
	EARNINGS IN FOREIGN CURRENCY
		F.O.B. Value of Exports	44.700	0.000	0.000
	TOTAL EARNINGS		44.700	0.000	0.000
	Earnings / (Loss) Per Share (Rs.)		(32.63)	20.09	17.17

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	30.06.2014 (15 Months)	31.03.2013	31.03.2012
Current Maturities of Long term debt	1.188	4.007	NA
Cash generated from operations	NA	NA	NA
Net cash flows from (used in) operation	1578.212	(1090.328)	(1134.884)

KEY RATIOS

PARTICULARS		30.06.2014 (15 Months)	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	(1.10)	1.03	1.03
Operating Profit Margin (PBIDT/Sales)	(%)	2.13	3.84	4.05
Return on Total Assets (PBT/Total Assets}	(%)	(2.69)	3.68	3.44
Return on Investment (ROI) (PBT/Networth)		(0.16)	0.13	0.12
Debt Equity Ratio (Total Debt /Networth)		1.78	1.28	1.05
Current Ratio (Current Asset/Current Liability)		1.23	1.45	1.39

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	194.722	194.722	212.222
Reserves & Surplus	3609.579	4000.765	3697.907
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	350.000	0.000
Net worth	3804.301	4545.487	3910.129
long-term borrowings	4.817	0.809	0.000
Short term borrowings	3987.063	5798.817	6944.461
Total borrowings	3991.880	5799.626	6944.461
Debt/Equity ratio	1.049	1.276	1.776

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	29570.038	37816.743	57956.048
		27.889	53.255

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	29570.038	37816.743	57956.048
Profit/ (Loss)	303.730	391.185	(635.358)
	1.03%	1.03%	(1.10%)

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	Yes
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 around three years	Yes
27]	Reasons for variation <> 20%	--
28]	Estimation for coming financial year	No
29]	Profitability for last around three years	Yes
30]	Major shareholders, if available	Yes
31]	External Agency Rating, if available	Yes
32]	Litigations that the firm/promoter involved in	Yes
33]	Market information	--
34]	Payments terms	No
35]	Negative Reporting by Auditors in the Annual Report	No

LITIGATION DETAILS :

HIGH COUR OF CALCUTTA
Case Status	Pending
Status of :	TEMP APO (APOT) 548 of 2015 R.A.V Dravya (P) Limited Vs. Concast Exim Limited
Pet’s Adv:	Manna and Company
Last Date of Hearing :	--
Next/ Final Date of Hearing :	--
Case Update on :	Saturday, November 21, 2015

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10514267	31/07/2014	610,000,000.00	STATE BANK OF HYDERABAD	PARK STREET BRANCH, 113, PARK STREET, KOLKATA, West Bengal - 700016, INDIA	C15964620
2	10506116	12/06/2014	350,000,000.00	Indian Overseas Bank	INDIA EXCHANGE PLACE BRANCH, P-35, INDIA EXCHANGE  PLACE, KOLKATA, West Bengal - 700001, INDIA	C09353624
3	10368443	26/06/2014 *	1,690,000,000.00	Bank of Baroda	M.G. Road Branch, 172,Mahatma Gandhi Road, Kolkata, West Bengal - 700007, INDIA	C17191271
4	10324089	26/06/2014 *	620,000,000.00	CANARA BANK	PRIME CORPORATE BRANCH, BELLS HOUSE, 21, CAMAC ST  REET, GROUND FLOOR, KOLKATA, West Bengal - 700016, INDIA	C10444651
5	10320562	02/05/2014 *	1,140,000,000.00	ANDHRA BANK	KOLKATA MAIN BRANCH, 14/1B, EZRA STREET, KOLKATA,  West Bengal - 700001, INDIA	C06610570
6	10320213	19/11/2011	800,000,000.00	BANK OF INDIA	KOLKATA LARGE CORPORATE BRANCH,, 5, B.T.M. SARANI , KOLKATA, West Bengal - 700001, INDIA	B26344507
7	10319855	28/05/2014 *	710,000,000.00	VIJAYA BANK	OVERSEAS BRANCH, 125/1 PARK STREET, KOLKATA, West Bengal - 700017, INDIA	C06164321
8	10319888	31/03/2014 *	1,060,000,000.00	STATE BANK OF TRAVANCORE	STATE BANK OF TRAVANCORE, 36, Jawaharlal Nehru Road, Kolkata, West Bengal - 700071, INDIA	C02931053
9	10315554	02/01/2013 *	900,000,000.00	CENTRAL BANK OF INDIA	Corporate Finance Branch,, 33, Netaji Subhas Road, Kolkata, West Bengal - 700001, INDIA	B65663809
10	10311285	31/03/2015 *	1,442,700,000.00	STATE BANK OF BIKANER AND JAIPUR	COMMERCIAL BRANCH, 20B PARK STREET, KOLKATA, West  Bengal - 700016, INDIA	C65588105

* Date of charge modification

FIXED ASSETS

• Land
• Buildings
• Plant and Equipment
• Furniture and Fixtures
• Vehicles
• Office Equipment
• Computer Equipments

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.66.32
UK Pound	1	Rs.98.98
Euro	1	Rs.72.13

INFORMATION DETAILS

Information Gathered by :	PRT
Analysis Done by :	KAR
Report Prepared by :	JYTK

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	4
--PROFITABILITY	1~10	--
--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	YES
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		32

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.