MIRA INFORM REPORT

Report No. :	308842
Report Date :	19.02.2015

IDENTIFICATION DETAILS

Name :	CONCAST STEEL AND POWER LIMITED (w.e.f. 30.03.2011)
Formerly Known As :	SPS STEEL AND POWER LIMITED (w.e.f 11.08.2004) SPS SPONGE IRON LIMITED (w.e.f. 13.12.2001) VINAYAK STEELS LIMITED (w.e.f. 29.02.2000) VINAYAK STEELS PRIVATE LIMITED
Registered Office :	21, Hemant Basu Sarani, 5^th Floor, Room No. 511 and 512, Kolkata – 700001, West Bengal
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	08.06.1995
Com. Reg. No.:	21-072045
Capital Investment / Paid-up Capital :	Rs. 596.564 Millions
CIN No.: [Company Identification No.]	U51909WB1995PLC072045
PAN No.: [Permanent Account No.]	AAHCS8656C
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturing of Iron and Steel.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

Ba (44)

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 is an established company having satisfactory track record. Management of the company has not filed its latest financial i.e. 2014 with the government department. As per the available financial of 2013, the general financial position of the company seems to be good. Trade relations are reported as fair. Business is active. Payments 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	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. It carry moderate credit risk.
Date	September 11, 2014

Rating Agency Name	CARE
Rating	Short term bank facilities: “A3” (Suspended)
Rating Explanation	Moderate degree of safety. It carry higher credit risk.
Date	September 11, 2014

Reason for Suspended: Company has not furnished the information required

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.

INFORMATION DENIED BY

Name :	Mr. Jayant Nayak
Designation :	Accounts Manager
Contact No.:	91-33-40232323
Date :	18.02.2015

LOCATIONS

Registered Office :	21, Hemant Basu Sarani, 5^th Floor, Room No. 511 and 512, Kolkata – 700001, West Bengal, India
Tel. No. :	91-33-40232323/ 22130481/ 87
Fax No. :	91-33-40232323/ 22130488
E-Mail :	mca@concastgroup.com info@concastgroup.com
Factory :	Industrial Growth Centre, Village Kukurjangha, Po: Badmal, Dist: Jharsuguda - 768202, Orissa, India
Tel. No. :	91-6645-277427
Fax No. :	91-6645-277428
Branch Office :	‘Neelachal Enclave’, Flat No. 301/302, 3^rd Floor, Block: N3 159, IRC Village, Nayapalli, Bhubaneswar – 751015, Orissa, India
Tel. No.:	91-674-2558863

DIRECTORS

As on 30.09.2013

Name :

Mr. Sanjay Kumar Sureka

Designation :

Managing Director

Address :

28/1, Shakespeare Sarani, Kolkata – 700017, West Bengal, Indai

Date of Birth/Age :

22.01.1971

Qualification :

B.COM

Date of Appointment :

21.01.2014

Voter ID No. :

WB/23/146/069180

DIN No. :

00218025

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	01/04/2009	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 PVT. LIMITED.	Director	14/01/2008	14/01/2008	27/04/2009	Active	NO
14	U51909WB1995PLC072045	CONCAST STEEL AND POWER LIMITED	Director	21/01/2014	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	U10102AR2008PLC008257	CONCAST CEMENT INDUSTRIES LIMITED	Director	07/01/2010	07/01/2010	-	Active	NO
19	U40105AR2008PLC008256	SATYAM (NORTH EAST) THERMAL POWER LIMITED	Director	07/01/2010	07/01/2010	03/12/2012	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	-	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 PVT 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	02/12/2011	02/12/2011	18/04/2014	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	-	Active	NO
31	U45400WB2011PTC171198	CONCAST AMBHA ROAD PROJECTS PRIVATE LIMITED	Director	26/12/2011	26/12/2011	25/04/2014	Active	NO
32	U45400WB2011PTC171170	CONCAST JAWASA ROAD PROJECTS PRIVATE LIMITED	Director	26/12/2011	26/12/2011	18/04/2014	Active	NO
33	U45400WB2012PTC171877	LIFEWOOD PROMOTERS PRIVATE LIMITED	Director	10/01/2012	10/01/2012	-	Active	NO
34	U45400WB2012PTC171876	HARDSOFT PROMOTERS PRIVATE LIMITED	Director	10/01/2012	10/01/2012	-	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	-	Active	NO
37	U45203WB2012PTC183550	CONCAST SENDHWA ROAD PROJECTS PRIVATE LIMITED	Director	06/07/2012	06/07/2012	-	Active	NO
38	U23101ML2012PTC008517	CARBOENERGY RESOURCES PRIVATE LIMITED	Director	22/08/2012	22/08/2012	-	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	-	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	-	Active	NO
45	AAA-5148	SANJAY COMMOTRADE LLP	Designated Partner	10/06/2011	10/06/2011	-	Active	NO

Name :

Mr. Anil Kumar Jain

Designation :

Whole-time director

Address :

18, Pannalal Basak Lane, Liluah – 711204, West Bengal, India

Date of Birth/Age :

04.05.1962

Qualification :

B.COM

Date of Appointment :

21.01.2014

DIN No. :

00428426

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	U27109WB2002PLC095119	RISHABH SPONGE LIMITED	Director	09/09/2002	09/09/2002	02/12/2008	Active	NO
2	U14108WB2005PTC104298	BANKURA DRI MINING MANUFACTURERS COMPANY PRIVATE LIMITED	Director	27/07/2005	27/07/2005	10/07/2010	Active	NO
3	U45400WB2007PTC117444	SA INFRASTRUCTURE PRIVATE LIMITED	Director	24/07/2007	24/07/2007	-	Active	NO
4	U74210WB2009PTC138848	SAS FABRICATORS PRIVATE LIMITED	Director	13/10/2009	13/10/2009	-	Active	NO
5	U74999WB2009PTC138610	SHREE RISHABH CEMENT PROJECTS PRIVATE LIMITED	Additional director	26/03/2010	26/03/2010	30/09/2010	Active	NO
6	U51909WB1995PLC072045	CONCAST STEEL AND POWER LIMITED	Managing director	21/01/2014	29/10/2010	-	Active	NO
7	U28999WB2010PTC154383	CONCAST WHEEL AND AXLE PRIVATE LIMITED	Director	01/11/2010	01/11/2010	-	Active	NO
8	U51909WB2013PTC192597	SNOWRISE VYAPAAR PRIVATE LIMITED	Director	02/05/2013	02/05/2013	-	Active	NO
9	U45400WB2013PTC192711	EVERLINK HOMES PRIVATE LIMITED	Director	02/05/2013	02/05/2013	-	Active	NO
10	U45400WB2013PTC192781	GOODPOINT HOMES PRIVATE LIMITED	Director	02/05/2013	02/05/2013	-	Active	NO
11	U27101WB1941PLC010497	CONCAST ISPAT LIMITED	Additional director	01/12/2013	01/12/2013	-	Active	NO
12	U27310WB2007PLC118140	CONCAST SHEETS AND TUBES LIMITED	Additional director	01/12/2013	01/12/2013	-	Active	NO
13	U27109WB2004PLC099978	CONCAST ENERGY LIMITED	Additional director	01/12/2013	01/12/2013	-	Active	NO
14	U74900WB2013PLC197050	CONCAST COMMOTRADE LIMITED	Additional director	18/04/2014	18/04/2014	-	Active	NO
15	U74900WB2009PTC134127	CLARITY COMMODEAL PRIVATE LIMITED	Additional director	19/06/2014	19/06/2014	-	Active	NO

Name :

Mr. Anil Kumar Kedia

Designation :

Director

Address :

4/5, Singhi Bagan Lane, Kolkata – 700006, West Bengal, India

Date of Birth/Age :

14.04.1973

Date of Appointment :

30.09.2013

DIN No. :

01364304

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	U51909WB1995PLC072045	CONCAST STEEL AND POWER LIMITED	Director	30/09/2013	07/08/2013	-	Active	NO
8	U27310WB2007PLC118140	CONCAST SHEETS AND TUBES 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 LIMITED	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	-	Active	NO

Name :

Mr. Prakash Chandra Agarwal

Designation :

Director

Address :

Ward No. 13, Sambalpur - 768001, Orissa, India

Date of Birth/Age :

01.01.1948

Qualification :

B.COM

Date of Appointment :

29.09.2010

DIN No. :

03063770

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	U27106CT1989PLC005210	SHRI GANESH FERRO ALLOYS LIMITED	Director	09/10/1991	09/10/1991	-	Active	NO
2	U51909WB1995PLC072045	CONCAST STEEL AND POWER LIMITED	Director	29/09/2010	29/01/2010	-	Active	NO
3	U72300OR2013PTC016584	AIR TRUMPET SOLUTIONS PRIVATE LIMITED	Director	26/02/2013	26/02/2013	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Rajesh Lodha
Designation :	Secretary
Address :	Pardeshi Para, Jharsuguda – 768201, Orissa, India
Date of Birth/Age :	15.05.1967
Date of Appointment :	01.12.2009
PAN No.:	AAZPL3334P

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

NOTE: SHAREHOLDING AND ALLOTTEES DETAILS FILE ATTACHED.

As on 30.09.2013

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Bodies corporate	98.70
Directors or relatives of Directors	1.26
Other top fifty shareholders	0.04
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturing of Iron and Steel.

Products :

Item Code No. (ITC Code)	Product Description
26011190	Manufacturing of Iron and Steel

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Selling :

Not Divulged

Purchasing :

Not Divulged

GENERAL INFORMATION

Suppliers :

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

Customers :

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

No. of Employees :

Not Divulged

Bankers :

· UCO Bank, Flagship Corporate Branch, 3, Netaji Subhas Road, Kolkata - 700001, West Bengal, India

· Oriental Bank of Commerce, Strand Road Branch, 2, N. C. Dutta Sarani, Kolkata - 700001, West Bengal, India

· Indian Overseas Bank, India Exchange Place Branch (Title Deed Holder), P-35, India Exchange Place, Kolkata - 700001, West Bengal, India

· Allahabad Bank (Leader), Kolkata Main Branch, 14, India Exchange Place, Kolkata - 700001, West Bengal, India

· Syndicate Bank, N S Road Branch, 6 N.S.Road, Kolkata - 700001, West Bengal, India

· Corporation Bank, Corporate Banking Branch 17, Brabourne Road, Mookherjee House, 1^st Floor, Kolkata - 700001, West Bengal, India

Facilities :

SECURED LOANS	31.03.2013 (Rs. In Millions)	31.03.2012 (Rs. In Millions)
LONG TERM BORROWINGS
Rupee term loans from banks	3326.366	2723.045
Foreign currency term loans from banks	736.147	678.352
SHORT TERM BORROWINGS
Working capital loans from banks	7979.887	7818.463
Total	12042.400	11219.860

Auditors :
Name :	M. Jain And Associates Chartered Accountants
Address :	9/12, Lal Bazar Street, E Block , Kolkata – 700001, West Bengal, India
Income-tax PAN of auditor or auditor's firm :	AAGFM9405R
Subsidiary:	Concast Infratech Limited CIN No.: U45400WB2010PLC153282
Associate:	· Concast Bengal Industries Limited CIN No.: U27109WB1995PLC071063 · Concast Ispat Limited · Dankuni SteelsLimited · Concast Exim Limited · Concast Vyapaar Limited · Concast Global Limited · Concast Ambha Road Projects Private Limited · Concast Damoh Road Project Private Limited · Concast Dhaneta Road Projects Private Limited · Concast Badnagar Road Projects Private Limited · Concast Sendhwa Road Projects Private Limited · Concast Morena Road Projects Private Limited · Concast Jawasa Road Projects Private Limited · Concast Patan Road Projects Private Limited · Concast Path Bameetha Satna Road Projects Private Limited · Concast EnergyLimited · Concast Infrastructure Private Limited · Concast Bengal IndustriesLimited · I WIN Advisory Services Limited · Sodepur Commercial Private Limited · Concast Singapore PTE Limited · Sureka ExportLimited · Sanjay Commotrade LLP · Concast Hongkong PTE Limited

CAPITAL STRUCTURE

As on 30.09.2013

Authorised Capital: Rs. 870.000 Millions

Issued, Subscribed & Paid-up Capital: Rs.813.059 Millions

As on 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
75,000,000	Equity Shares	Rs.10/- each	Rs. 750.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
59,656,360	Equity Shares	Rs.10/- each	Rs. 596.564 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	596.564	490.364	450.136
(b) Reserves & Surplus	5908.684	4633.848	2383.012
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	810.000	0.000	1319.505
Total Shareholders’ Funds (1) + (2)	7315.248	5124.212	4152.653
(3) Non-Current Liabilities
(a) long-term borrowings	6975.337	6314.221	5131.364
(b) Deferred tax liabilities (Net)	839.645	467.476	424.634
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	12.916	12.303	10.077
Total Non-current Liabilities (3)	7827.898	6794.000	5566.075
(4) Current Liabilities
(a) Short term borrowings	7979.887	7818.463	6284.270
(b) Trade payables	4560.583	3257.239	2795.812
(c) Other current liabilities	1819.451	1500.424	1197.588
(d) Short-term provisions	412.328	260.862	178.223
Total Current Liabilities (4)	14772.249	12836.988	10455.893
TOTAL	29915.395	24755.200	20174.621
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	10317.895	3877.791	4095.252
(ii) Intangible Assets	2.437	2.908	2.066
(iii) Capital work-in-progress	129.592	2742.674	792.109
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	550.595	0.595	0.000
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	214.903	2115.722	2682.109
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	11215.422	8739.690	7571.536
(2) Current assets
(a) Current investments	52.700	52.700	52.700
(b) Inventories	6538.225	4842.729	4970.632
(c) Trade receivables	7574.052	6252.387	4073.218
(d) Cash and cash equivalents	528.687	640.479	324.752
(e) Short-term loans and advances	4006.309	4227.215	3181.783
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	18699.973	16015.510	12603.085
TOTAL	29915.395	24755.200	20174.621

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	30345.065	26253.437	23301.835
		Other Income	37.295	38.783	33.570
		TOTAL (A)	30382.360	26292.220	23335.405
Less	EXPENSES
		Cost of Materials Consumed	23389.644	19110.644	13822.838
		Purchases of Stock-in-Trade	3376.887	3454.267	6591.484
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(390.692)	207.720	(247.771)
		Employees benefits expense	200.927	176.672	171.412
		Other expenses	1382.569	1360.904	1210.140
		Prior Period Items	0.000	0.000	2.507
		TOTAL (B)	27959.335	24310.207	21550.610
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		2423.025	1982.013	1784.795
Less	FINANCIAL EXPENSES (D)		1476.814	1331.979	968.412
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		946.211	650.034	816.383
Less/ Add	DEPRECIATION/ AMORTISATION (F)		244.030	236.996	229.521
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)		702.181	413.038	586.862
Less	TAX (H)		383.145	133.373	297.410
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)		319.036	279.665	289.452
	EARNINGS IN FOREIGN CURRENCY
		F.O.B. Value of Exports	265.453	0.000	0.000
	Earnings / (Loss) Per Share (Rs.)		6.49	6.20	6.43

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
Net Profit Margin (PAT/Sales)	(%)	1.05	1.07	1.24
Operating Profit Margin (PBDIT/Sales)	(%)	7.98	7.55	7.66
Return on Total Assets (PBT/Total Assets}	(%)	2.40	1.88	3.03
Return on Investment (ROI) (PBT/Networth)		0.10	0.08	0.14
Debt Equity Ratio (Total Debt/Networth)		2.04	2.76	2.75
Current Ratio (Current Asset/Current Liability)		1.27	1.25	1.21

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	450.136	490.364	596.564
Reserves & Surplus	2383.012	4633.848	5908.684
Share Application money pending allotment	1319.505	0.000	810
Net worth	4152.653	5124.212	7315.248
long-term borrowings	5131.364	6314.221	6975.337
Short term borrowings	6284.270	7818.463	7979.887
Total borrowings	11415.634	14132.684	14955.224
Debt/Equity ratio	2.749	2.758	2.044

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	23301.835	26253.437	30345.065
		12.667	15.585

NET PROFIT MARGIN

Net Profit Margin	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	23301.835	26253.437	30345.065
Profit	289.452	279.665	319.036
	1.24%	1.07%	1.05%

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	No
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	Yes
34]	External Agency Rating, if available	Yes

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10489639	02/04/2014	1,245,000,000.00	UNION BANK OF INDIA	INDUSTRIAL FINANCE BRANCH, 1/1, CAMAC STREET, 1ST FLOOR, KOLKATA, WEST BENGAL - 700016, INDIA	C03696879
2	10486413	25/03/2014	500,000,000.00	STATE BANK OF HYDERABAD	COMMERCIAL BRANCH, TRINITY TOWER, GROUND FLOOR, 83,TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA	C01007020
3	10493924	24/03/2014	1,000,000,000.00	ALLAHABAD BANK	ALLAHABAD BANK, KOLKATA MAIN BRANCH, 14, INDIA EXCHANGE PLACE, KOLKATA, WEST BENGAL - 700001, INDIA	C04408316
4	10432139	10/06/2013	82,100,000.00	STATE BANK OF INDIA	INDUSTRIAL FINANCE BRANCH, KOLKATA, 11, DR. U. N. BRAHMACHARI STREET, KOLKATA, WEST BENGAL - 700017, INDIA	B77537025
5	10433840	11/05/2013	1,710,600,000.00	ORIENTAL BANK OF COMMERCE (LEAD BANK)	PARK STREET BRANCH,, 107/1, PARK STREET (1ST FLOOR), KOLKATA, WEST BENGAL - 700016, INDIA	B78288867
6	10414238	17/02/2014 *	19,156,800,000.00	ALLAHABAD BANK	KOLKATA MAIN BRANCH, 14, INDIA EXCHANGE PLACE, KOLKATA, WEST BENGAL - 700001, INDIA	B98705205
7	10397290	04/01/2013	400,000,000.00	UCO BANK	FLAGSHIP CORPORATE BRANCH, 3, NETAJI SUBHAS ROAD, KOLKATA, WEST BENGAL - 700001, INDIA	B65995235
8	10396096	31/12/2012	128,900,000.00	ORIENTAL BANK OF COMMERCE	PARK STREET BRANCH, 107/1, PARK STREET (1ST FLOOR), KOLKATA, WEST BENGAL - 700016, INDIA	B65560534
9	10394409	19/12/2012	450,000,000.00	ORIENTAL BANK OF COMMERCE	STRAND ROAD BRANCH, 2, N. C. DUTTA SARANI, KOLKATA, WEST BENGAL - 700001, INDIA	B64980410
10	10386301	17/10/2012	600,800,000.00	CORPORATION BANK	M-41, CONNAUGHT CIRCUS, NEW DELHI, DELHI - 110001, INDIA	B62031091
11	10367729	24/07/2012	535,500,000.00	ORIENTAL BANK OF COMMERCE (SECURITY TRUSTEE)	PARK STREET BRANCH, 107/1, PARK STREET (1ST FLOOR), KOLKATA, WEST BENGAL - 700016, INDIA	B44593218
12	10367612	17/02/2014 *	4,427,500,000.00	ALLAHABAD BANK ( LEADER)	KOLKATA MAIN BRANCH, 14, INDIA EXCHANGE PLACE, KOLKATA, WEST BENGAL - 700001, INDIA	B98705395
13	10362966	28/03/2013 *	740,300,000.00	UNITED BANK OF INDIA	CORPORATE FINANCE BRANCH, 11, HEMANTA BASU SARANI, KOLKATA, WEST BENGAL - 700001, INDIA	B73787442
14	10332618	27/09/2013 *	19,156,800,000.00	SYNDICATE BANK	N. S. ROAD BRANCH, 6, N.S.ROAD, KOLKATA, WEST BENGAL - 700001, INDIA	B89927800
15	10311700	14/09/2011 *	495,000,000.00	BANK OF INDIA	KOLKATA LARGE CORPORATE BRANCH, 5,B.T.M.SARANI, KOLKATA, WEST BENGAL - 700001, INDIA	B23271190
16	10302443	10/08/2011	500,000,000.00	UNITED BANK OF INDIA	CORPORATE FINANCE BRANCH, 11, HEMANTA BASU SARANI, KOLKATA, WEST BENGAL - 700001, INDIA	B18899492
17	10303285	18/02/2013 *	16,106,800,000.00	INDIAN OVERSEAS BANK	INDIA EXCHANGE PLACE BRANCH (TITLE DEED HOLDER), P-35, INDIA EXCHANGE PLACE, KOLKATA, WEST BENGAL - 700001, INDIA	B70483508
18	10294499	17/05/2011	500,000,000.00	UNITED BANK OF INDIA	CORPORATE FINANCE BRANCH, KOLKATA, 11, HEMANTA BASU SARANI, KOLKATA, WEST BENGAL - 700001, INDIA	B15946817
19	10266414	21/03/2014 *	19,156,800,000.00	UCO BANK	FLAGSHIP CORPORATE BRANCH, 2, INDIA EXCHANGE PLACE, KOLKATA, WEST BENGAL - 700001, INDIA	C04381067
20	10250194	11/07/2013 *	12,500,000,000.00	UCO BANK (LEAD BANK)	FLAGSHIP CORPORATE BRANCH, "MCLEOD HOUSE", 3, NETAJI SUBHAS ROAD, KOLKATA, WEST BENGAL - 700001, INDIA	B79316345
21	10196360	22/12/2009	1,220,667.00	HDFC BANK LIMITED	HDFC BANK HOUSE SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA	A77320364
22	10174208	19/12/2012 *	1,450,000,000.00	STATE BANK OF PATIALA	MID CORPORATE BRANCH, 8, CAMAC STREET, SHANTINIKETAN, KOLKATA, WEST BENGAL - 700017, INDIA	B66268707
23	10170571	29/06/2009	330,000,000.00	STATE BANK OF PATIALA	8,CAMAC STREET, SHANTINIKETAN BUILDING, KOLKATA, WEST BENGAL - 700017, INDIA	A67290940
24	10167524	17/04/2012 *	1,724,200,000.00	STATE BANK OF INDIA	INDUSTRIAL FINANCE BRANCH, KOLKATA, 11, DR. U. N. BRAHMACHARI STREET, KOLKATA, WEST BENGAL - 700017, INDIA	B37788544
25	10165399	14/05/2009	100,000,000.00	YES BANK LIMITED	9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD, WORLI, MUMBAI, MAHARASHTRA - 400018, INDIA	A65103772
26	10140047	19/03/2013 *	1,600,000,000.00	STATE BANK OF MYSORE	BHUBANESWAR BRANCH, IDCOL HOUSE, UNIT-II, ASHOKNAGAR, BHUBANESWAR, ORISSA - 751009, INDIA	B72995871
27	10140543	24/01/2014 *	750,000,000.00	THE KARUR VYSYA BANK LIMITED	POST BOX NO.21, ERODE ROAD, KARUR, TAMIL NADU - 639002, INDIA	B98069313
28	10123271	05/08/2008	573,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA	A45988169
29	10117235	03/07/2008	4,569,170.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA	A43598416
30	10116968	23/06/2008	360,000,000.00	STATE BANK OF PATIALA	CAMAC STREET, SHANTINIKETAN BUILDING, KOLKATA, WEST BENGAL - 700017, INDIA	A43559772
31	10113745	08/11/2013 *	19,156,800,000.00	THE KARUR VYSYA BANK LIMITED	POST BOX NO.21, ERODE ROAD, KARUR, TAMIL NADU - 639002, INDIA	B90661604
32	10110098	31/01/2008	1,554,000.00	CENTURION BANK OF PUNJAB LIMITED	88, CHOWRINGHEE ROAD, KOLKATA, WEST BENGAL - 700020, INDIA	A40211286
33	10087190	09/01/2008	300,000,000.00	STATE BANK OF PATIALA	8, CAMAC STREET, SHANTINIKETAN BUILDING, KOLKATA, WEST BENGAL - 700017, INDIA	A31551690
34	10077609	17/03/2011 *	355,000,000.00	STATE BANK OF MYSORE	IDCOL HOUSE, UNIT-II,ASHOKNAGAR, BHUBANESWAR, BHUB ANESWAR, ORISSA - 751009, INDIA	B09092149
35	10078219	15/11/2007	500,000,000.00	YES BANK LIMITED	9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD, WORLI, MUMBAI, MAHARASHTRA - 400018, INDIA	A27811769
36	10073706	02/01/2014 *	2,150,000,000.00	UCO BANK	FLAGSHIP CORPORATE BRANCH, 3, NETAJI SUBHAS ROAD, KOLKATA, WEST BENGAL - 700001, INDIA	B92973940
37	10048804	17/09/2008 *	1,310,000,000.00	STATE BANK OF INDIA	COMMERCIAL BRANCH, IDCOL HOUSE, ASHOIKNAGAR, UNIT -2, BHUBANESWAR, ORISSA - 751009, INDIA	A47700430
38	10095427	23/12/2013 *	19,156,800,000.00	CENTRAL BANK OF INDIA	CORPORATE FINANCE BRANCH, 33, NETAJI SUBHAS ROAD, KOLKATA, WEST BENGAL - 700001, INDIA	B93902195
39	90245825	07/08/2008 *	1,225,400,000.00	UCO BANK	FLAGSHIP CORPORATE BRANCH, 3, N.S. ROAD, KOLKATA, WEST BENGAL - 700001, INDIA	A46210233

* Date of charge modification

UNSECURED LOANS

PARTICULAR	31.03.2013 (Rs. In Millions)	31.03.2012 (Rs. In Millions)
LONG TERM BORROWINGS
Other loans and advances, others	2912.824	2912.824
Total	2912.824	2912.824

CORPORATE INFORMATION

Subject, a company registered under the Companies Act, 1956 was previously known as SPS STEEL AND POWER LIMITED and was originally incorporated as Vinayak Steels Private limited on Eighth day of June Nineteen Hundred Ninety Five. The Company's name was changed to CONCAST STEEL AND POWER LIMITED vide the order SRN B08477952 dated 30/03/2011 by the Ministry of Corporate Affairs, Registrar of Companies, West Bengal. The Company has manufacturing Integrated Steel Plant located at Jharsuguda in the state of Odisha.

FINANCIAL PERFORMANCE:

The financial year has recorded a Net Profit after Tax (PAT) of Rs. 319.000 Millions during the year which has been possible due to better focused marketing efforts and strategical plans of the management.

CONTINGENT LIABILITIES (AS ON 31.03.2013):

· Bank Guarantee given amounts to Rs 146.800 Millions (P.Y. Rs 111.600 Millions.)

· Corporate Guarantee given by the Company for securing finances to its Subsidiaries of Subsidiary Company - CONCAST INFRATECH LIMITED to the following Banks- Rs.164.400 Millions to Oriental Bank of Commerce, Rs.40.000 Millions to Corporation Bank, Rs.84.300 Millions to Punjab National Bank. (Previous Year Nil)

FIXED ASSETS

v Tangible Assets

· Land

· Buildings

· Plant and Equipment

· Other pollution Reduction Equipment

· Furniture and Fixtures

· Vehicles

· Motor Vehicles

· Office Equipment

· Computer Equipments

· Other Equipments

v Intangible Assets

· Computer Software

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.62.24
UK Pound	1	Rs.95.57
Euro	1	Rs.71.00

INFORMATION DETAILS

Information Gathered by :	PRP
Analysis Done by :	DIV
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	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	4
--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		44

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.