MIRA INFORM REPORT

Report No. :	305677
Report Date :	05.02.2015

IDENTIFICATION DETAILS

Name :	HALDIA STEEL PRIVATE LIMITED (w.e.f.14.11.2014)

Formerly Known As :	HALDIA STEELS LIMITED

Registered Office :	37 Shakespeare Sarani, Kolkata-700017, West Bengal

Country :	India

Financials (as on) :	31.03.2014

Date of Incorporation :	11.06.1996

Com. Reg. No.:	21-80000

Capital Investment / Paid-up Capital :	Rs. 352.961 Millions

CIN No.: [Company Identification No.]	U27109WB1996PTC080000

IEC No.:	Not Available

TAN No.: [Tax Deduction & Collection Account No.]	CALH01726E

PAN No.: [Permanent Account No.]	AAACH6712K

Legal Form :	Private Limited Liability Company

Line of Business :	Manufacturer of Iron Steel Castings.

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (43)

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

Maximum Credit Limit :	USD 3500000

Status :	Satisfactory

Payment Behaviour :	Slow but correct

Litigation :	Clear

Comments :	Subject is an established company having satisfactory track. Profitability of the company seems to be low during 2014. However, general financial position of the company seems to be decent. Trade relations are reported as fair. Business is active. Payment terms are reported to be slow but correct. 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 – December 31, 2014

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

India

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 31-03-2014.

LOCATIONS

Registered Office :	37 Shakespeare Sarani, Kolkata-700017, West Bengal, India
Tel. No.:	91-33-22878631/32
Fax No.:	91-33-22870925
E-Mail :	haldiasteels@vsnl.net

Factory :	Unit I and II, Raturia Industrial Area, Angadpur, Durgapur-713215, West Bengal, India

DIRECTORS

As on 30.09.2014

Name :

Mr. Vikas Bansal

Designation :

Managing Director

Address :

29/11, Bally Gunge Park, Kolkata-700019, West Bengal, India

Date of Birth/Age :

03.01.1973

Date of Appointment :

02.02.2009

DIN No.:

00070392

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	U27205HR1981PTC012802	SHYAM SUNDER HARYANA INDUSTRIES PVT LTD	Director	10/01/1991	10/01/1991	24/01/2013	Active	NO
2	U25204HR1971PTC005767	HISSAR STEEL FARBRICATORS PRIVATE LIMITED	Director	15/02/1991	15/02/1991	21/07/2011	Active	NO
3	U01132WB1885PLC000513	ARYA TEA CO LTD	Director	21/02/1991	21/02/1991	-	Active	NO
4	U13209WB1994PTC062002	BRAND ALLOYS Private Limited	Director	01/03/1994	01/03/1994	-	Active	NO
5	U74140WB1996PTC079124	ISPAT DAMODAR Private Limited	Director	08/04/1996	08/04/1996	-	Active	NO
6	U27109WB1996PTC080000	HALDIA STEELS Private Limited	Managing director	02/02/2009	11/06/1996	-	Active	NO
7	U74899DL1978PTC009326	SAGAR INTERNATIONAL PRIVATE LIMITED	Director	17/07/1996	17/07/1996	27/06/2008	Active	NO
8	U40102WB2002PTC095467	SONIC THERMAL Private Limited	Director	03/12/2002	03/12/2002	-	Active	NO
9	U92113WB1989PTC045501	EURASIA RACING PRIVATE LIMITED	Director	28/03/2004	28/03/2004	-	Converted to LLP	NO
10	U24299WB1978PLC031338	EURASIA INDUSTRIES LIMITED	Director	26/08/2004	26/08/2004	-	Active	NO
11	U27109WB2005PTC102367	ULTRAPLUS IRON & STEEL PRIVATE LIMITED	Director	21/03/2005	21/03/2005	-	Active	NO
12	U40102WB2006PTC108323	DAMODAR THERMAL PVT LTD	Director	28/02/2006	28/02/2006	-	Active	NO
13	U40101WB2006PTC108324	BIRSA ENERGY PVT LTD	Director	28/02/2006	28/02/2006	-	Converted to LLP	NO
14	U70101WB2006PTC109098	INDO TOTAL ESTATES PVT LTD	Director	26/04/2006	26/04/2006	-	Active	NO
15	U70101WB2006PTC109099	BENGAL TOTAL ESTATES PVT LTD	Director	26/04/2006	26/04/2006	-	Active	NO
16	U23101WB2007PLC119883	HALDIA MINERALS LIMITED	Director	18/10/2007	18/10/2007	-	Active	NO
17	U14210WB2007PLC120878	EURASIA ENERGY LIMITED	Director	07/12/2007	07/12/2007	-	Active	NO
18	U14210WB2007PTC120924	WESTERN ORES PRIVATE LIMITED	Director	10/12/2007	10/12/2007	-	Active	NO
19	U14219WB2008PTC121433	ARYAN DHATU PRIVATE LIMITED	Director	04/01/2008	04/01/2008	-	Active	NO
20	U01400WB2008PTC121432	M. P. MINING & MINERALS PRIVATE LIMITED	Director	04/01/2008	04/01/2008	-	Active	NO
21	U14210WB2008PTC121451	DECCAN ORES PRIVATE LIMITED	Director	05/01/2008	05/01/2008	-	Converted to LLP	NO
22	U14210WB2008PLC125636	EURASIA OVERSEAS LIMITED	Director	13/05/2008	13/05/2008	-	Active	NO
23	U70109WB2008PLC127307	EURASIA INFRASTRUCTURE LIMITED	Director	09/07/2008	09/07/2008	-	Active	NO
24	U45400WB2008PLC127306	EURASIA INFRATECH LIMITED	Director	09/07/2008	09/07/2008	-	Active	NO
25	U27310WB2008PLC127305	EURASIA METALIKS LIMITED	Director	09/07/2008	09/07/2008	-	Active	NO
26	U70109WB2008PTC127479	SRK PROMOTERS PRIVATE LIMITED	Director	14/07/2008	14/07/2008	01/04/2010	Active	NO
27	U10100MH2008PTC184933	NAGPUR ORES PRIVATE LIMITED	Director	22/07/2008	22/07/2008	-	Active	NO
28	U27100WB2008PTC128221	BRAND STEEL & POWER Private Limited	Director	05/08/2008	05/08/2008	-	Active	NO
29	U14290MH2008PTC178340	MOHINI MANGANESE & ORE PRIVATE LIMITED	Director	24/10/2008	24/10/2008	-	Active	NO
30	U13201MP2008PTC020429	HARIYANA MINERAL MANGANESE ORE PRIVATE LIMITED	Director	02/04/2009	02/04/2009	-	Active	NO
31	U51909WB1993PTC060204	NEO BEAM TRADERS PVT. LTD.	Director	29/03/2010	29/03/2010	-	Amalgamated	NO
32	U65921WB1987PTC133435	SEOHARA MOTOR AND GENERAL FINANCE PRIVATE LIMITED	Director	29/03/2010	29/03/2010	-	Amalgamated	NO
33	U51109WB1994PTC066804	ANGLO-VER TEXTILES PVT. LTD.	Director	01/04/2010	01/04/2010	-	Active	NO
34	U51909WB2007PTC114545	JAGDAMBA BARTER PRIVATE LIMITED	Director	09/08/2010	09/08/2010	-	Amalgamated	NO
35	AAA-2355	NAGESHWAR ADVISORY SERVICES LLP	Designated Partner	01/04/2014	01/04/2014	-	Active	NO
36	AAB-2092	BAIKUNTHNATH ADVISORS LLP	Designated Partner	01/04/2014	01/04/2014	-	Active	NO
37	AAC-9420	EURASIA RACING LLP	Designated Partner	19/11/2014	19/11/2014	-	Active	NO
38	AAC-9422	BIRSA ENERGY LLP	Designated Partner	19/11/2014	19/11/2014	-	Active	NO
39	AAC-9856	DECCAN ORES LLP	Designated Partner	28/11/2014	28/11/2014	-	Active	NO

Name :

Mr. Satpal Bansal

Designation :

Director

Address :

29/11, Bally Gunge Park, Kolkata-700019, West Bengal, India

Date of Birth/Age :

15.12.1960

Date of Appointment :

11.06.1996

DIN No.:

00065309

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	U70101DL1984PTC019687	BRIGHT STAR DEVELOPMENT PVT.LTD.	Director	25/09/1990	25/09/1990	21/07/2011	Active	NO
2	U13209WB1994PTC062002	BRAND ALLOYS Private Limited	Director	01/03/1994	01/03/1994	-	Active	NO
3	U74899DL1978PTC009326	SAGAR INTERNATIONAL PRIVATE LIMITED	Director	06/03/1996	06/03/1996	04/06/2008	Active	NO
4	U74140WB1996PTC079124	ISPAT DAMODAR Private Limited	Director	08/04/1996	08/04/1996	-	Active	NO
5	U27109WB1996PTC080000	HALDIA STEELS Private Limited	Director	11/06/1996	11/06/1996	-	Active	NO
6	U15142DL1996PLC083932	SHREE GOPAL VANASPATI LIMITED	Director	19/12/1996	19/12/1996	-	Active	NO
7	U27101DL1989PLC035789	BANSAL FERROUS LIMITED	Director	10/01/1999	10/01/1999	-	Active	NO
8	U40102WB2002PTC095467	SONIC THERMAL Private Limited	Director	03/12/2002	03/12/2002	-	Active	NO
9	U23101WB2007PLC119883	HALDIA MINERALS LIMITED	Director	18/10/2007	18/10/2007	-	Active	NO
10	U14210WB2008PLC125636	EURASIA OVERSEAS LIMITED	Director	13/05/2008	13/05/2008	-	Active	NO
11	U70109WB2008PLC127307	EURASIA INFRASTRUCTURE LIMITED	Director	09/07/2008	09/07/2008	-	Active	NO
12	U45400WB2008PLC127306	EURASIA INFRATECH LIMITED	Director	09/07/2008	09/07/2008	-	Active	NO
13	U27310WB2008PLC127305	EURASIA METALIKS LIMITED	Director	09/07/2008	09/07/2008	-	Active	NO
14	U27100WB2008PTC128221	BRAND STEEL & POWER Private Limited	Director	05/08/2008	05/08/2008	-	Active	NO
15	U01132WB1885PLC000513	ARYA TEA CO LTD	Director	08/09/2008	08/09/2008	-	Active	NO
16	U24299WB1978PLC031338	EURASIA INDUSTRIES LIMITED	Director	29/12/2008	29/12/2008	-	Active	NO
17	U14210WB2007PLC120878	EURASIA ENERGY LIMITED	Director	17/12/2009	17/12/2009	-	Active	NO
18	U27310DL1984PTC017599	LAMBA STEEL AND ALLOYS PRIVATE LTD	Director	25/02/2010	25/02/2010	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Sunil Kumar Sahoo
Designation :	Secretary
Address :	31/3, Arabinda Nagar, Po Regent Park, Kolkata-700040, West Bengal, India
Date of Birth/Age :	09.07.1972
Date of Appointment :	17.08.2009
PAN No.:	AYPPS0093J

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2014

Names of Shareholders		No. of Shares
Vikas Bansal		3079050
Ramkishore Bansal		3196510
Satpal Bansal		1294010
Kulwant Rai Bansal		3000
Anglover textiles Private Limited		1738000
Darshana Bansal		6353500
Birsa Energy Private Limited		2800000
Bengal Total Estates (Private) Limited		3015000
Ultraplus Iron and Steel (Private) Limited		1150000
Damodar Thermal (Private) Limited		2595000
Indo Total Estates (Private) Limited		2302500
Kanika Bansal		7769500
Total		35296070

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Bodies corporate	38.53
Directors or relatives of Directors	61.47
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Iron Steel Castings.

Products :

Item Code No. (ITC Code)	Product Description
72061009	Steel Billets
72023000	Ferro Alloys
73071110	Sponge Iron
28112990	Oxygen

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Available

Imports :

Not Available

Terms :

Selling :

Not Available

Purchasing :

Not Available

PRODUCTION STATUS NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

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

Customers :

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

No. of Employees :

Not Available

Bankers :

Oriental Bank Of Commerce, Large Corporate Branch, 6^th Floor, Om Towers, 32, J. L. Nehru Road, Kolkata - 700071, West Bengal, India

Kotak Mahindra Bank Limited 36-38A, Nariman Bhavan, 227,D, Nariman Point, Mumbai – 400021, Maharashtra, India

Facilities :

(Rs. In Millions)

SECURED LOAN	As on 31.03.2014	As on 31.03.2013
Long Term Borrowing
Rupee term loans from banks	151.815	35.873
Rupee term loans from others	12.466	21.344
Short Term Borrowing
Working capital loans from banks	421.790	338.825

Total	586.071	396.042

Financial Institution :

L and T Finance Limited, L and T House, Ballard Estate, Mumbai - 400001, Maharashtra, India

Auditors :
Name :	Anil Goenka & Company Chartered Accountant
Address :	10 G.C. Avenue, 2^nd Floor , West Bengal-700013, Kolkata, India
Tel. No.:	91-2221-9033 / 4003-6112
Mobile No.:	91-9830038980
E-Mail :	anilgoenka@hotmail.com
PAN No.:	AAQFA9769A

Memberships :	Not Available

Collaborators :	Not Available

Associates:	Brand Alloys Limited Sonic Thermal Limited Ispat Damodar Limited Bengal Total Estates (P) Limited Birsa Energy Private Limited Damodar Thermal Private Limited Euras Ia Infrastructure Limited Haldia Minerals Limited Deccan Ores Private Limited Euracia Racing Private Limited Bengal Total Estates Private Limited

CAPITAL STRUCTURE

As on 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount

35,500,000	Equity Shares	Rs.10/- each	Rs.355.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

35,296,070	Equity Shares	Rs.10/- each	Rs.352.961 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

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	352.961	352.961	352.961
(b) Reserves & Surplus	869.809	856.674	873.533
(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)	1222.770	1209.635	1226.494

(3) Non-Current Liabilities
(a) long-term borrowings	219.666	133.992	127.200
(b) Deferred tax liabilities (Net)	85.918	81.057	82.964
(c) Other long term liabilities	0.000	57.851	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	305.584	272.900	210.164

(4) Current Liabilities
(a) Short term borrowings	421.790	382.245	462.484
(b) Trade payables	516.161	617.453	677.829
(c) Other current liabilities	661.619	411.111	599.302
(d) Short-term provisions	3.918	3.519	1.428
Total Current Liabilities (4)	1603.488	1414.328	1741.043

TOTAL	3131.842	2896.863	3177.701

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	1103.984	1163.124	1084.639
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000	111.800
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	46.876	48.496	48.496
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	81.000	259.579	136.613
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	1231.860	1471.199	1381.548

(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	870.873	674.453	770.201
(c) Trade receivables	169.126	364.503	557.021
(d) Cash and cash equivalents	42.249	47.760	71.971
(e) Short-term loans and advances	786.256	336.993	377.624
(f) Other current assets	31.478	1.955	19.336
Total Current Assets	1899.982	1425.664	1796.153

TOTAL	3131.842	2896.863	3177.701

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	4826.200	4190.812	3648.060
		Other Income	NA	70.316	136.486
		TOTAL (A)	NA	4261.128	3784.546

Less	EXPENSES
		Cost of Materials Consumed		2611.455	2354.647
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade		5.914	(13.605)
		Employees benefits expense		48.316	42.604
		Other expenses		1398.186	1199.441
		TOTAL (B)	NA	4063.871	3583.087

Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		NA	197.257	201.459

Less	FINANCIAL EXPENSES (D)		NA	104.252	115.076

	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		94.645	93.005	86.383

Less/ Add	DEPRECIATION/ AMORTISATION (F)		73.839	74.397	69.975

	PROFIT/(LOSS) BEFORE TAX (E-F) (G)		20.806	18.608	16.408

Less	TAX (H)		7.671	44.500	33.248

	PROFIT/(LOSS) AFTER TAX (G-H) (I)		13.135	(25.892)	(16.840)

	IMPORTS
		Raw Materials	70.862	162.632	Nil
		Stores & Spares	5.292	6.368	Nil
	TOTAL IMPORTS		76.154	169.000	Nil

	Earnings Per Share (Rs.)		0.37	(0.73)	(0.48)

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	0.27	(0.62)	(0.46)

Operating Profit Margin (PBDIT/Sales)	(%)	NA	4.71	5.52

Return on Total Assets (PBT/Total Assets}	(%)	0.67	0.65	0.54

Return on Investment (ROI) (PBT/Networth)		0.02	0.02	0.01

Debt Equity Ratio (Total Debt /Networth)		0.52	0.43	0.48

Current Ratio (Current Asset/Current Liability)		1.18	1.01	1.03

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	352.961	352.961	352.961
Reserves & Surplus	873.533	856.674	869.809
Net worth	1226.494	1209.635	1222.770

long-term borrowings	127.200	133.992	219.666
Short term borrowings	462.484	382.245	421.790
Total borrowings	589.684	516.237	641.456
Debt/Equity ratio	0.481	0.427	0.525

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	3648.060	4190.812	4826.200
		14.878	15.161

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	3648.060	4190.812	4826.200
Profit	(16.840)	(25.892)	13.135
	(0.46%)	(0.62%)	0.27%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	No
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	----------------------
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	No
20]	Export / Import details (if applicable)	No
21]	Market information	----------------------
22]	Litigations that the firm / promoter involved in	----------------------
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	----------------------
26]	Buyer visit details	----------------------
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

UNSECURED LOAN

(Rs. In Millions)

Particular	As on 31.03.2014	As on 31.03.2013
Long Term Borrowing
Intercorporate borrowings	55.385	76.775

Short Term Borrowing
Working capital loans from banks	0.000	43.420
Total	55.385	120.195

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10429136	20/05/2013	6,500,000.00	KOTAK MAHINDRA BANK LIMITED	36-38A, NARIMAN BHAVAN, 227,D,, NARIMAN POINT,, M UMBAI, Maharashtra - 400021, INDIA	B76324904
2	10392244	17/12/2012	7,300,000.00	L & T FINANCE LIMITED	L&T HOUSE,, BALLARD ESTATE,, MUMBAI, Maharashtra - 400001, INDIA	B64240799
3	10385692	15/11/2012	3,700,000.00	L & T FINANCE LIMITED	L&T HOUSE,, BALLARD ESTATE,, MUMBAI, Maharashtra - 400001, INDIA	B61808861
4	10382268	17/10/2012	5,000,000.00	L & T FINANCE LIMITED	L&T HOUSE,, BALLARD ESTATE,, MUMBAI, Maharashtra - 400001, INDIA	B60375870
5	10374779	06/09/2012	7,800,000.00	L & T FINANCE LIMITED	L&T HOUSE,, BALLARD ESTATE,, MUMBAI, Maharashtra - 400001, INDIA	B57404899
6	10372871	31/07/2012	12,780,000.00	TATA CAPITAL FINANCIAL SERVICES LIMITED	One Forbes,, Dr. V. B. Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, INDIA	B56496391
7	10269487	15/02/2011	456,281.00	SREI Equipment Finance Private Limited	'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, West Bengal - 700046, INDIA	B07469182
8	10244259	09/09/2010	8,500,000.00	L & T FINANCE LIMITED	L&T HOUSE,, BALLARD ESTATE,, MUMBAI, Maharashtra - 400001, INDIA	A96091384
9	10176166	16/09/2009	2,500,000.00	L & T FINANCE LIMITED	L&T HOUSE,, BALLARD ESTATE,, MUMBAI, Maharashtra - 400001, INDIA	A69883510
10	10154709	29/01/2014 *	465,000,000.00	ORIENTAL BANK OF COMMERCE	Large Corporate Branch, 6th Floor, Om Towers, 32, J. L. Nehru Road, Kolkata, West Bengal - 700071, INDIA	B96495056

* Date of charge modification

FIXED ASSETS

Land
Buildings
Plant and equipment
Furniture and fixtures
Vehicles
Office equipment

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.61.68
UK Pound	1	Rs.93.53
Euro	1	Rs.70.75

INFORMATION DETAILS

Analysis Done by :	RSM

Report Prepared by :	JYTK

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--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	NO
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		43

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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