MIRA INFORM REPORT

Report No. :	304340
Report Date :	22.01.2015

IDENTIFICATION DETAILS

Name :	UTTAM GALVA METALLICS LIMITED
Registered Office :	502, Global Foyer Building, Sector-43, Golf Course Road, Gurgaon – 122002, Haryana
Country :	India
Financials (as on) :	31.03.2014 (Profit and Loss Account)
Date of Incorporation :	13.09.2007
Com. Reg. No.:	05-037927
Capital Investment / Paid-up Capital :	Rs. 7547.100 Millions
CIN No.: [Company Identification No.]	U27200HR2007PLC037927
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAACU9269Q
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer of Hot Metal/ Pig Iron.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

Ba (45)

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

Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track record. There seems slight dip in the profit of the company during FY 2014 however net worth of the company is satisfactory. General financial position of the company is normal and acceptable for business dealing Trade relations are reported as fair. Business is active. Payment terms are reported to be usually correct. The company can be considered normal for business dealings at usual trade terms and conditions. Note: Balance Sheet Statement for the year 2014 is not available.

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 – September 30, 2014

Country Name	Previous Rating (30.06.2014)	Current Rating (30.09.2014)
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”
Rating Explanation	Moderate degree of safety. It carry moderate credit risk.
Date	December 16, 2014

Rating Agency Name	CARE
Rating	Short term bank facilities: “A3”
Rating Explanation	Moderate degree of safety. It carry higher credit risk.
Date	December 16, 2014

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 :	502, Global Foyer Building, Sector-43, Golf Course Road, Gurgaon – 122002, Haryana, India
Tel. No.:	91-22-66563626
Fax No.:	91-22-23481831
E-Mail :	mayor.bansal@uttamgalva.com mukesh.jaisani@uttamgalva.com
Website :	www.uttamgalva.com
Corporate Office :	Uttam House, 69, P. D'Mello Road, Mumbai - 400009, Maharashtra, India
Tel. No.:	91-22-66563500
Fax No.:	91-22-23485025
E-Mail :	marketing@uttamgalva.com
Factory :	Located at: · Khopoli, Maharashtra, India
Branch Offices :	Located at: · Ahmedabad · Chennai · Secunderabad · Indore · Pune · New Delhi · Bangalore

DIRECTORS

As on 10.09.2014

Name :

Mr. Rajinderkumar Uttamchand Miglani

Designation :

Director

Address :

21-B, Embassy Apartments, 46, Nepeansea Road, Mumbai – 400036, Maharashtra, India

Date of Birth/Age :

08.04.1946

Qualification :

Graduate

Date of Appointment :

30.05.2014

PAN No.:

AABPM7288D

DIN No.:

00286788

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	U74899DL1974PTC007358	SHALIMAR FASHIONS PRIVATE LIMITED	Director	29/04/1977	29/04/1977	21/09/2009	Active	NO
2	U15310MH1982PTC028104	UTTAM FLOUR MILLS PVT LIMITED	Director	01/04/1984	01/04/1984	08/01/2010	Active	NO
3	L27104MH1985PLC035806	UTTAM GALVA STEELS LIMITED	Director	30/05/2014	30/12/1988	-	Active	NO
4	U55101HR1988PLC030288	GOLDEN GREENS GOLF AND RESORTS LIMITED	Director	28/08/1990	28/08/1990	10/01/2012	Active	NO
5	U67120MH1995PLC089234	USHDEV SECURITIES LIMITED	Director	10/07/1995	10/07/1995	25/09/2008	Active	NO
6	U27101KA1974PTC002501	KRISHNA FABRICATIONS PRIVATE LIMITED	Director	21/08/1996	21/08/1996	23/09/2009	Active	NO
7	U15410MH1994PTC078062	UTTAM AGRO FOODS (INDIA) P LTD	Director	15/12/1998	15/12/1998	08/01/2010	Active	NO
8	U27104MH2002PLC135119	UTTAM UTKAL STEELS LIMITED	Director	11/03/2002	11/03/2002	19/08/2011	Active	NO
9	U99999MH2002PTC136311	S.S. FLOUR MILLS (KHOPOLI) PRIVATE LIMITED	Director	25/06/2002	25/06/2002	08/01/2010	Active	NO
10	U29250MH2005PTC155688	UTTAM FOOD INFRASTRUCTURE PARK PRIVATE LIMITED	Director	26/08/2005	26/08/2005	15/01/2010	Active	NO
11	U29105DL2005PTC143271	ARJUN ISPAT INDIA PRIVATE LIMITED	Director	05/12/2005	05/12/2005	01/01/2009	Active	NO
12	U65990MH1988PLC212607	SHREE UTTAM STEEL AND POWER LIMITED	Director	30/09/2006	10/02/2006	-	Amalgamated	NO
13	U45201MH2006PLC164010	VIBRANT REALTY & INFRASTRUCTURE LIMITED	Director	04/09/2006	04/09/2006	-	Active	NO
14	U27310DL2006PLC154866	UTTAM STRIPS LIMITED	Director	18/10/2006	18/10/2006	16/10/2009	Active	NO
15	U51909MH2006PTC164017	VIBHU IMPEX PRIVATE LIMITED	Director	06/11/2006	06/11/2006	08/01/2010	Active	NO
16	U27205MH1981PTC025930	ARCHISHA STEELS PRIVATE LIMITED	Director	15/11/2006	15/11/2006	01/09/2014	Active	NO
17	U51100MH1998PTC115425	PALAK AGENCY PRIVATE LIMITED	Director	05/01/2007	05/01/2007	06/10/2008	Active	NO
18	U27200HR2007PLC037927	UTTAM GALVA METALLICS LIMITED	Whole-time director	01/04/2014	13/09/2007	-	Active	NO
19	U51420MH2008PLC184679	UTTAM DISTRIBUTION NETWORK LIMITED	Director	15/07/2008	15/07/2008	-	Active	NO
20	U73100MH1970NPL014686	M.VISVESVARAYA INDUSTRIAL RESEARCH AND DEVELOPMENT CENTRE	Director	27/08/2008	27/08/2008	-	Active	NO
21	U70100MH2008PLC186464	Sindhudurg Projects Limited	Director	04/09/2008	04/09/2008	20/06/2011	Active	NO
22	U45208MH2008PTC186795	UTTAM IT PARK PROJECTS PRIVATE LIMITED	Director	16/09/2008	16/09/2008	20/06/2011	Active	NO
23	U45303MH2008PTC186794	UTTAM BIOTECHNOLOGY PARK INFRASTRUCTURE PRIVATE LIMITED	Director	16/09/2008	16/09/2008	20/06/2011	Active	NO
24	U27106MH2007PLC172719	FIRST WARDHA STEEL LIMITED	Director	29/09/2010	24/10/2008	20/06/2011	Active	NO
25	U45202HR2008PTC049526	REVIVE BUILDZONE AND DEALERS PRIVATE LIMITED	Director	22/09/2009	23/03/2009	-	Active	NO
26	U72900MH2009PLC195599	REAL ID LIMITED	Director	08/09/2009	08/09/2009	-	Active	NO
27	U25200MH2006PTC165366	MASTERPLAST INDIA PRIVATE LIMITED	Director	30/09/2010	28/04/2010	25/11/2010	Active	NO
28	U11100HR2010PLC040858	MIG OIL & GAS LIMITED	Director	08/07/2010	08/07/2010	-	Active	NO
29	U70101MH1994PTC081366	HELI PROPERTIES PRIVATE LIMITED	Director	30/09/2011	09/12/2010	-	Active	NO
30	U27100KA2010PLC053231	Uttam Galva Ferous Limited	Director	30/09/2011	16/03/2011	-	Active	NO
31	U27310MH2006PLC165173	SHREE UTTAM STEEL AND POWER LIMITED	Director	29/09/2012	26/12/2011	-	Active	NO
32	U45202MH1994PTC081286	PARITOSA PROPERTIES PRIVATE LIMITED	Director	29/09/2012	02/07/2012	-	Active	NO
33	L27100MH1970PLC014621	UTTAM VALUE STEELS LIMITED	Director	26/08/2013	28/12/2012	-	Active	NO

Name :

Mr. Anuj Rajinder Miglani

Designation :

Director

Address :

21-B, Embassy Apartments, 46, Nepeansea Road, Mumbai – 400036, Maharashtra, India

Date of Birth/Age :

10.11.2012

Qualification :

Graduate in Mechanical Engineering from the Imperial College of Science and Technology, London

Date of Appointment :

13.09.2007

PAN No.:

AABPM6332L

DIN No.:

00287097

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	U15410MH1994PTC078062	UTTAM AGRO FOODS (INDIA) P LTD	Director	15/12/1998	15/12/1998	08/01/2010	Active	NO
2	U15310MH1982PTC028104	UTTAM FLOUR MILLS PVT LIMITED	Director	01/04/1999	01/04/1999	08/01/2010	Active	NO
3	U51900MH1989PTC051001	KARISHMA TRADING COMPANY PRIVATE LIMITED	Director	13/10/2001	13/10/2001	-	Active	NO
4	L27104MH1985PLC035806	UTTAM GALVA STEELS LIMITED	Managing director	10/11/2012	10/11/2001	-	Active	NO
5	U27104MH2002PLC135119	UTTAM UTKAL STEELS LIMITED	Director	11/03/2002	11/03/2002	-	Active	NO
6	U99999MH2002PTC136311	S.S. FLOUR MILLS (KHOPOLI) PRIVATE LIMITED	Director	25/06/2002	25/06/2002	08/01/2010	Active	NO
7	U27205MH1981PTC025930	ARCHISHA STEELS PRIVATE LIMITED	Director	19/08/2002	19/08/2002	01/09/2014	Active	NO
8	U51900MH1977PTC019695	BARCLAY EXPORTS PRIVATE LIMITED	Director	26/03/2003	26/03/2003	15/11/2014	Active	NO
9	U29248HR1981PLC050320	METALLURGICAL ENGINEERING AND EQUIPMENTS LIMITED	Director	26/03/2003	26/03/2003	-	Active	NO
10	U51311HR1971PTC051172	SAINATH TRADING COMPANY PRIVATE LIMITED	Director	20/06/2005	20/06/2005	28/03/2012	Active	NO
11	U29250MH2005PTC155688	UTTAM FOOD INFRASTRUCTURE PARK PRIVATE LIMITED	Director	26/08/2005	26/08/2005	15/01/2010	Active	NO
12	U65990MH1988PLC212607	SHREE UTTAM STEEL AND POWER LIMITED	Director	30/09/2006	10/02/2006	-	Amalgamated	NO
13	U27100MH2006PTC160649	TEXTURING TECHNOLOGY PRIVATE LIMITED	Director	22/03/2006	22/03/2006	05/06/2009	Active	NO
14	U51909MH2005PTC151831	EVERGREEN TRADEPLACE PRIVATE LIMITED	Director	30/09/2006	02/08/2006	22/08/2013	Active	NO
15	U51900HR1997PTC047058	GROW WELL MERCANTILE Private Limited	Director	30/09/2006	14/09/2006	15/04/2011	Active	NO
16	U27310MH2006PLC165173	SHREE UTTAM STEEL AND POWER LIMITED	Director	06/11/2006	06/11/2006	-	Active	NO
17	U60231HR2007PTC049951	ULTIMATE LOGISTICS SOLUTIONS PRIVATE LIMITED	Director	01/10/2012	10/07/2007	07/10/2014	Active	NO
18	U27200HR2007PLC037927	UTTAM GALVA METALLICS LIMITED	Director	13/09/2007	13/09/2007	-	Active	NO
19	U51420MH2008PLC184679	UTTAM DISTRIBUTION NETWORK LIMITED	Director	15/07/2008	15/07/2008	-	Active	NO
20	U70100MH2008PLC186464	Sindhudurg Projects Limited	Director	04/09/2008	04/09/2008	20/10/2014	Active	NO
21	U45208MH2008PTC186795	UTTAM IT PARK PROJECTS PRIVATE LIMITED	Director	16/09/2008	16/09/2008	-	Active	NO
22	U45303MH2008PTC186794	UTTAM BIOTECHNOLOGY PARK INFRASTRUCTURE PRIVATE LIMITED	Director	16/09/2008	16/09/2008	-	Active	NO
23	U27106MH2007PLC172719	FIRST WARDHA STEEL LIMITED	Director	29/09/2010	24/10/2008	20/10/2014	Active	NO
24	U45202HR2008PTC049526	REVIVE BUILDZONE AND DEALERS PRIVATE LIMITED	Director	22/09/2009	23/03/2009	-	Active	NO
25	U72900MH2009PLC195599	REAL ID LIMITED	Director	08/09/2009	08/09/2009	-	Active	NO
26	U74899DL1990PTC039733	MKR Associates Private Limited	Director	25/11/2009	25/11/2009	-	Active	NO
27	U74899DL1994PTC061749	SWILKEN INDIA PRIVATE LIMITED	Director	25/11/2009	25/11/2009	-	Active	NO
28	U25200MH2006PTC165366	MASTERPLAST INDIA PRIVATE LIMITED	Director	30/09/2010	28/04/2010	25/11/2010	Active	NO
29	U51900HR1984PLC048132	KREDENCE MULTI TRADING LIMITED	Director	15/09/2010	06/07/2010	-	Active	NO
30	U11100HR2010PLC040858	MIG OIL & GAS LIMITED	Director	08/07/2010	08/07/2010	28/07/2014	Active	NO
31	U27100KA2010PLC053231	Uttam Galva Ferous Limited	Director	30/09/2011	09/07/2011	07/10/2011	Active	NO
32	U14298MH2008PTC189012	AURA MINERALS PRIVATE LIMITED	Additional director	28/12/2012	28/12/2012	28/12/2012	Active	NO

Name :

Mr. Ankit Rajinderkumar Miglani

Designation :

Director

Address :

21-B, Embassy Apartments, 46, Nepeansea Road, Mumbai – 400036, Maharashtra, India

Date of Birth/Age :

23.02.1979

Qualification :

Graduate in Economic with specialization in Finance from Wharton School, University of Pennsylvania, Philadelphia, U.S.A.

Date of Appointment :

13.09.2007

PAN No.:

AACPM1902D

DIN No.:

00444956

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	U29248HR1981PLC050320	METALLURGICAL ENGINEERING AND EQUIPMENTS LIMITED	Director	26/03/2003	26/03/2003	-	Active	NO
2	U51900MH1977PTC019695	BARCLAY EXPORTS PRIVATE LIMITED	Director	03/03/2004	03/03/2004	15/11/2014	Active	NO
3	U27205MH1981PTC025930	ARCHISHA STEELS PRIVATE LIMITED	Director	22/09/2004	22/09/2004	01/09/2014	Active	NO
4	U55101HR1988PLC030288	GOLDEN GREENS GOLF AND RESORTS LIMITED	Director	22/12/2004	22/12/2004	10/01/2012	Active	NO
5	L27104MH1985PLC035806	UTTAM GALVA STEELS LIMITED	Managing director	29/07/2014	29/07/2005	-	Active	NO
6	U29250MH2005PTC155688	UTTAM FOOD INFRASTRUCTURE PARK PRIVATE LIMITED	Director	26/08/2005	26/08/2005	15/01/2010	Active	NO
7	U65990MH1988PLC212607	SHREE UTTAM STEEL AND POWER LIMITED	Director	25/02/2006	25/02/2006	-	Amalgamated	NO
8	U51909MH2005PTC151831	EVERGREEN TRADEPLACE PRIVATE LIMITED	Director	30/09/2006	02/08/2006	22/08/2013	Active	NO
9	U51900HR1997PTC047058	GROW WELL MERCANTILE Private Limited	Director	30/09/2006	14/09/2006	15/04/2011	Active	NO
10	U27310MH2006PLC165173	SHREE UTTAM STEEL AND POWER LIMITED	Director	06/11/2006	06/11/2006	20/12/2012	Active	NO
11	U51900MH1989PTC051001	KARISHMA TRADING COMPANY PRIVATE LIMITED	Director	30/12/2006	30/12/2006	-	Active	NO
12	U60231HR2007PTC049951	ULTIMATE LOGISTICS SOLUTIONS PRIVATE LIMITED	Director	01/10/2012	10/07/2007	07/10/2014	Active	NO
13	U27200HR2007PLC037927	UTTAM GALVA METALLICS LIMITED	Director	13/09/2007	13/09/2007	-	Active	NO
14	U51100MH1998PTC115425	PALAK AGENCY PRIVATE LIMITED	Director	21/01/2008	21/01/2008	06/11/2012	Active	NO
15	U70100MH2007PTC170301	HB Promoters & Developers Private Limited	Director	30/09/2008	09/04/2008	-	Active	NO
16	U51420MH2008PLC184679	UTTAM DISTRIBUTION NETWORK LIMITED	Director	15/07/2008	15/07/2008	-	Active	NO
17	U70100MH2008PLC186464	Sindhudurg Projects Limited	Director	04/09/2008	04/09/2008	20/10/2014	Active	NO
18	U27104MH2002PLC135119	UTTAM UTKAL STEELS LIMITED	Director	30/09/2008	05/09/2008	-	Active	NO
19	U45208MH2008PTC186795	UTTAM IT PARK PROJECTS PRIVATE LIMITED	Director	16/09/2008	16/09/2008	-	Active	NO
20	U45303MH2008PTC186794	UTTAM BIOTECHNOLOGY PARK INFRASTRUCTURE PRIVATE LIMITED	Director	16/09/2008	16/09/2008	-	Active	NO
21	U27106MH2007PLC172719	FIRST WARDHA STEEL LIMITED	Director	29/09/2010	24/10/2008	27/12/2010	Active	NO
22	U45202HR2008PTC049526	REVIVE BUILDZONE AND DEALERS PRIVATE LIMITED	Director	22/09/2009	23/03/2009	-	Active	NO
23	U74899DL1990PTC039733	MKR Associates Private Limited	Director	25/11/2009	25/11/2009	-	Active	NO
24	U74899DL1994PTC061749	SWILKEN INDIA PRIVATE LIMITED	Director	25/11/2009	25/11/2009	-	Active	NO
25	U10100WB2009PLC140050	MOIRA MADHUJORE COAL LIMITED	Director	09/12/2009	09/12/2009	-	Active	NO
26	U27320DL2008PLC223550	LLOYDS LINE PIPES LIMITED	Director	06/08/2010	13/01/2010	12/11/2010	Active	NO
27	U25200MH2006PTC165366	MASTERPLAST INDIA PRIVATE LIMITED	Director	30/09/2010	28/04/2010	25/11/2010	Active	NO
28	U51900HR1984PLC048132	KREDENCE MULTI TRADING LIMITED	Director	15/09/2010	06/07/2010	-	Active	NO
29	U11100HR2010PLC040858	MIG OIL & GAS LIMITED	Director	08/07/2010	08/07/2010	08/07/2011	Active	NO
30	U45202MH1994PTC081324	BAKURA PROPERTIES PRIVATE LIMITED	Director	30/09/2011	09/12/2010	-	Active	NO
31	U27100KA2010PLC053231	Uttam Galva Ferous Limited	Director	30/09/2011	09/07/2011	07/10/2011	Active	NO
32	L27100MH1970PLC014621	UTTAM VALUE STEELS LIMITED	Director	26/08/2013	28/12/2012	-	Active	NO

Name :

Mr. Omprakash Premdutt Ahuja

Designation :

Whole-time director

Address :

C/o. R. K. Flour Mills, 557, Bhandara, Lakadganj, Nagpur – 440008, Maharashtra, India

Date of Birth/Age :

30.12.1946

Qualification :

Graduate in Commerce

Date of Appointment :

01.06.2014

PAN No.:

ACQPA5172M

DIN No.:

00320978

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	U15311MP1952PTC000762	SHRI RAMA KRISHNA FLOUR & BESAN MILLS PVT. LIMITED.	Managing director	27/11/1967	27/11/1967	-	Active	NO
2	U27200HR2007PLC037927	UTTAM GALVA METALLICS LIMITED	Whole-time director	01/06/2014	05/05/2008	-	Active	NO
3	U27106MH2007PLC172719	FIRST WARDHA STEEL LIMITED	Director	30/09/2009	24/10/2008	20/10/2014	Active	NO
4	U27104MH2002PLC135119	UTTAM UTKAL STEELS LIMITED	Director	30/09/2011	04/10/2010	-	Active	NO

Name :

Mr. Shirishkumar Trilokchandra Parikh

Designation :

Director

Address :

Prakruti Kunj Society, Bhudarpura B/H Vikram Flats, Ahmedabad – 380015, Gujarat, India

Date of Birth/Age :

22.10.1938

Qualification :

B.E. (Civil)

Date of Appointment :

23.08.2014

DIN No.:

00941756

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	L27104MH1985PLC035806	UTTAM GALVA STEELS LIMITED	Director	23/08/2014	12/09/1987	-	Active	NO
2	U27109GJ1985PLC007559	ASIAN TUBES LIMITED	Director	12/12/1988	12/12/1988	26/04/2010	Active	NO
3	U27200HR2007PLC037927	UTTAM GALVA METALLICS LIMITED	Director	10/09/2014	25/05/2013	-	Active	NO

Name :

Mr. Debkumar Krishnapada Goswami

Designation :

Director

Address :

Flat No. 501, Vigyanshila CHS Limited, Juhu Versova Link Road, Seven Bungalows, Andheri (West), Mumbai – 400061, Maharashtra, India

Date of Birth/Age :

10.12.1946

Qualification :

Bachelor of Mechanical Engineering, Master of Business Administration, Certified Associates of Indian Institute of Banking and Finance (C.A.I.I.B)

Date of Appointment :

10.09.2014

DIN No.:

02390068

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	U65990MH1988PLC212607	SHREE UTTAM STEEL AND POWER LIMITED	Director	30/09/2009	08/10/2008	-	Amalgamated	NO
2	U21000MH1992PLC067108	Green Earth Education Limited	Additional director	18/03/2009	18/03/2009	28/06/2010	Active	NO
3	U51900HR1984PLC048132	KREDENCE MULTI TRADING LIMITED	Director	30/09/2009	11/05/2009	-	Active	NO
4	L17120DN1990PLC000440	SHEKHAWATI POLY-YARN LIMITED	Director	04/05/2010	04/05/2010	16/03/2011	Active	NO
5	U65990MH2010PTC198262	CHOICE CAPITAL ADVISORS PRIVATE LIMITED	Director	27/09/2012	08/06/2010	-	Active	NO
6	U74999MH2008PTC180977	KEJRIWAL RE-CYCLING PRIVATE LIMITED	Additional director	28/06/2010	28/06/2010	07/08/2010	Active	NO
7	L67190MH1993PLC071117	CHOICE INTERNATIONAL LIMITED	Director	30/09/2011	30/05/2011	-	Active	NO
8	U27200HR2007PLC037927	UTTAM GALVA METALLICS LIMITED	Director	10/09/2014	25/05/2013	-	Active	NO

Name :

Mr. Shankar Ramakrishna

Designation :

Director

Address :

Building No. 7, Flat No. 1001, Seawoods Estate, Palm Beach Road, Nerul, Navi Mumbai – 400706, Maharashtra, India

Date of Birth/Age :

19.01.1960

Qualification :

B. Tech (Metallurgical Engineering ) from BHUIT and Master of Applied Sciences (Metallurgical Engineering ) university of British Columbia Vancouver, Canada

Date of Appointment :

25.09.2013

DIN No.:

02695900

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	U27100MH2006PTC160649	TEXTURING TECHNOLOGY PRIVATE LIMITED	Director	03/09/2009	05/06/2009	18/09/2012	Active	NO
2	U27200HR2007PLC037927	UTTAM GALVA METALLICS LIMITED	Director	25/09/2013	25/05/2013	-	Active	NO
3	U27106MH2007PLC172719	FIRST WARDHA STEEL LIMITED	Director	10/09/2014	27/06/2014	20/10/2014	Active	NO

Name :

Mr. Mitin Chandanmal Jain

Designation :

Nominee Director

Address :

Gundecha Garden, G-Wing, 6^th Floor, Flat No. 602, Gas Company Lalbaug, Dattaram Khamkar Road, Parel, Mumbai – 400012, Maharashtra, India

Date of Birth/Age :

01.03.1981

Qualification :

Graduate in Commerce, MBA - Finance from Narsee Monjee Institute of Management Studies

Date of Appointment :

18.02.2013

DIN No.:

06390954

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	U27200HR2007PLC037927	UTTAM GALVA METALLICS LIMITED	Nominee director	18/02/2013	18/02/2013	-	Active	NO
2	U40101DL2009PLC190339	BETUL WIND FARMS LIMITED	Nominee director	10/01/2014	10/01/2014	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Mukesh Kumar Jaisani
Designation :	Secretary
Address :	17/1, Sanghvi Bhavan, R. B. Marg, Ferbunder, Cotton Green, Mumbai - 400033, Maharashtra, India
Date of Birth/Age :	03.06.1965
Date of Appointment :	30.01.2009
PAN No.:	ABAPJ1506B
Name :	Sanjay K Sharma
Designation :	CFO
Address :	Flat No.C-403, Bellevista Building, Plot No. 46/47/48, Sector 15, CBD-Belapur, Navi Mumbai – 400614, Maharashtra, India
Date of Birth/Age :	27.09.1961
Date of Appointment :	19.07.2014
PAN No.:	ADRPS2279P

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 10.09.2014

Names of Shareholders	No. of Shares
Rajinder Miglani	20000
Anuj Miglani	14980
Ankit Miglani	14980
R Agrawal	10
B. B. Handa	10
Sunil Dodani	10
Ram Gaud	10
Liberty FE Trade DMCC, UAE	91033379
Archisha Steel Private Limited, India	111320000
Grow Well Mercantile Limited, India	42579600
Revive Buildzone and Dealers Private Limited, India	209817415
Prawas Leasing and Finance Private Limited, India	45451935
Liberty Commodities Limited, United Kingdom	20067670
Sanjeev Gupta	4000000
Sanjeev Gupta (NR)	1499500
Amit Bagadia	100
Kanta Bagadia	100
Narain Khatwani	100
Ashwini S Kapoor	100
Banyan Tree Growth Capital LLC, Mauritius	500
Liberty Steel Holdings Pte. Limited, Singapore	82881008
UD Industrial Holdings Pte. Limited, Singapore	143711983
DEG – Deutsche Investitions – und Enwicklungsgesellschaft MBH, Germany	500
Total	752413890

Names of Preference Shareholders	No. of Shares
Banyan Tree Growth Capital LLC, Mauritius	77311742
Banyan Tree Growth Capital II LLC, Mauritius	68693488
DEG – Deutsche Investitions – und Enwicklungsgesellschaft MBH, Germany	100000000
Total	246005230

As on 10.09.2014

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	45.08
Bodies corporate	54.38
Directors or relatives of Directors	0.01
Other top fifty shareholders	0.53
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Hot Metal/ Pig Iron.

Products :

Item Code No. (ITC Code)	Product Description
72011000	Iron in Molten and Solid Form

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Available

Imports :

Not Available

Terms :

Selling :

Not Divulged

Purchasing :

Not Divulged

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference:	NOT AVAILABLE
Name of the Person (with Designation):
Contact Number:
Since How Long Known:
Experience :
Maximum Limit Dealt:

Customers :

Reference:	NOT AVAILABLE
Name of the Person (with Designation):
Contact Number:
Since How Long Known:
Experience :
Maximum Limit Dealt:

No. of Employees :

Not Divulged

Bankers :

Bank Name:	NOT AVAILABLE
Branch:
Name of the Person (with Designation):
Contact Number:
Name of Account Holder:
Account Number:
Account Since (Date/ Year of A/c Opening):
Average Balance Maintained (Optional):
Credit Facilities Enjoyed (CC/OD/Term Loan):
Account Operation:
Remarks:

· Oriental Bank of Commerce, 181-A, Maker Tower 'E', 18th Floor, Cuff Parade, Mumbai - 400005, Maharashtra, India

· State Bank of India, Commercial Branch, N. G. N. Vaidya Marg, Horniman Circle, Fort, Mumbai - 400001, Maharashtra, India

· United Bank of India, Corporate Finance Branch, 2nd Floor, United Bank of India Building, Sr. P. M. Road Fort, Mumbai - 400001, Maharashtra, India

· IDBI Bank Limited, IDBI Tower, WTC Complex, Cuffe Parade, Mumbai - 400005, Maharashtra, India

· Vijaya Bank, Corporate Banking Branch, Mekar Chamber Iv, 222, Nariman Point, Mumbai - 400021, Maharashtra, India

· South Indian Bank Limited, Ground Floor, Todkar Garden, Bibwewadi- Kondhwa Road, Bibwewadi, Pune, Maharashtra - 411037, India

Facilities :

SECURED LOANS	31.03.2013 (Rs. In Millions)
LONG-TERM BORROWINGS
Rupee term loans from banks	15892.200
Foreign currency term loans from banks	1027.700
SHORT TERM BORROWINGS
Working capital loans from banks	1576.000
Total	18495.900

NOTE

SHORT TERM BORROWINGS

Working Capital Loans from Banks are secured by First charge on all Tangible, Moveable assets such as Raw Material, WIP, Finished Goods, Stock in Transit and Book Debts etc. and the Second charge on fixed assets of the Company.

Financial Institution :	SBICAP Trustee Company Limited, 202, Maker Tower, 'E', Cuffe Parade, Colaba, Mumbai - 400005, Maharashtra, India
Auditors :
Name :	Prakkash Muni and Associates Chartered Accountants
Address :	303, The Eagle's Flight, Suren Road, Off Andheri Kurla Road, Near Western Express Highway, Andheri [East], Mumbai, Maharashtra, India
Income-tax PAN of auditor or auditor's firm :	AANFP3965G
Subsidiary Company : (As on 31.03.2013)	· First Wardha Steel Limited CIN No.: U27106MH2007PLC172719 · Jwala Galva Steels Pte. Limited
Associates : (As on 31.03.2013)	· Grow Well Mercantile Limited CIN No.: U51900HR1997PLC047058 · Uttam Galva Steels Limited CIN No.: L27104MH1985PLC035806 · Sainath Trading Company Private Limited CIN No.: U51311MH1971PTC015460 · Archisha Steels Private Limited CIN No.: U27205MH1981PTC025930 · Revive Buildzone And Dealers Private Limited CIN No.: U45202HR2008PTC049526 · Kredence Multi Trading Limited CIN No.: U51900HR1984PLC048132 · Uttam Value Steels Limited CIN No.: L27100MH1970PLC014621 · Indrajit Power Private Limited CIN No.: U45200MH1994PTC081267 · Atlantis International Services Company Limited · Metallurgical Engineering And Equipments Limited CIN No.: U29248HR1981PLC050320 · Ultimate Logistics Solutions Private Limited CIN No.: U60231HR2007PTC049951 · Uttam Galva Ferous Limited CIN No.: U27100KA2010PLC053231

CAPITAL STRUCTURE

As on 10.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
1,500,000,000	Equity Shares	Rs.10/- each	Rs. 15000.000 Millions
500,000,000	Preference Shares	Rs.10/- each	Rs. 5000.000 Millions
	Total		Rs. 20000.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
752,413,890	Equity Shares	Rs.10/- each	Rs. 7524.139 Millions
246,005,230	Preference Shares	Rs.10/- each	Rs. 2460.052 Millions
	Total		Rs. 9984.191 Millions

AS ON 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
1,500,000,000	Equity Shares	Rs. 10/- each	Rs. 15000.000 Millions
500,000,000	Preference Shares	Rs. 10/- each	Rs. 5000.000 Millions
	Total		Rs. 20000.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
608,701,407	Equity Shares	Rs. 10/- each	Rs. 6087.000 Millions
146,005,230	Preference Shares	Rs. 10/- each	Rs. 1460.100 Millions
	Total		Rs. 7547.100 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013	31.03.2012
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	7547.100	5258.200
(b) Reserves & Surplus	3579.000	2332.300
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000
Total Shareholders’ Funds (1) + (2)	11126.100	7590.500
(3) Non-Current Liabilities
(a) long-term borrowings	17294.900	15220.200
(b) Deferred tax liabilities (Net)	577.600	406.600
(c) Other long term liabilities	1954.700	128.800
(d) long-term provisions	10.700	9.000
Total Non-current Liabilities (3)	19837.900	15764.600
(4) Current Liabilities
(a) Short term borrowings	2656.200	1835.700
(b) Trade payables	6561.100	4084.300
(c) Other current liabilities	3366.200	3112.800
(d) Short-term provisions	44.300	1.700
Total Current Liabilities (4)	12627.800	9034.500
TOTAL	43591.800	32389.600
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	22568.100	22517.900
(ii) Intangible Assets	0.000	0.000
(iii) Capital work-in-progress	4945.900	1310.500
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	1944.700	18.300
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	405.600	520.800
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	29864.300	24367.500
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	4159.200	3510.300
(c) Trade receivables	4635.500	2229.500
(d) Cash and cash equivalents	723.700	351.900
(e) Short-term loans and advances	4194.600	1917.200
(f) Other current assets	14.500	13.200
Total Current Assets	13727.500	8022.100
TOTAL	43591.800	32389.600

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	25216.700	20875.300	17288.900
		Other Income	54.100	40.200	26.800
		TOTAL (A)	25270.800	20915.500	17315.700
Less	EXPENSES
		Cost of Materials Consumed	12571.400	12129.200	12059.900
		Purchases of Stock-in-Trade	5383.500	2781.700	436.700
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	456.100	(121.500)	(178.900)
		Employees benefits expense	374.400	317.000	241.800
		Other expenses	1597.600	1564.600	1457.600
		TOTAL (B)	20383.000	16671.000	14017.100
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		4887.800	4244.500	3298.600
Less	FINANCIAL EXPENSES (D)		2828.900	2382.800	1521.600
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		2058.900	1861.700	1777.000
Less/ Add	DEPRECIATION/ AMORTISATION (F)		1356.500	1125.400	764.200
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)		702.400	736.300	1012.800
Less	TAX (H)		297.600	318.300	579.400
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)		404.800	418.000	433.400
	EARNINGS IN FOREIGN CURRENCY		114.600	0.000	0.000
	IMPORTS
		Raw Materials	6726.400	6492.800	7188.400
		Capital Goods	0.000	0.000	338.900
		Components and Spare Parts	150.600	363.000	0.000
	TOTAL IMPORTS		6877.000	6855.800	7527.300
	Earnings / (Loss) Per Share (Rs.)		0.59	0.76	0.98

Note: Balance Sheet Statement for the year 2014 is not available.

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT/Sales)	(%)	1.61	2.00	2.51
Operating Profit Margin (PBDIT/Sales)	(%)	19.38	20.33	19.08
Return on Total Assets (PBT/Total Assets}	(%)	NA	2.01	3.26
Return on Investment (ROI) (PBT/Networth)		NA	0.07	0.13
Debt Equity Ratio (Total Debt/Networth)		NA	1.79	2.25
Current Ratio (Current Asset/Current Liability)		NA	1.09	0.89

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

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	17288.900	20875.300	25216.700
		20.744	20.797

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	17288.900	20875.300	25216.700
Profit	433.400	418.000	404.800
	2.51%	2.00%	1.61%

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	No
10]	Designation of contact person	No
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	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
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	10526641	10/10/2014	24,340,000,000.00	SBICAP TRUSTEE COMPANY LIMITED	202, MAKER TOWER, 'E', CUFFE PARADE, COLABA, MUMBAI, MAHARASHTRA - 400005, INDIA	C30290365
2	10524677	16/09/2014	1,000,000,000.00	SOUTH INDIAN BANK LIMITED	GROUND FLOOR, TODKAR GARDEN, BIBWEWADI- KONDHWA ROAD, BIBWEWADI, PUNE, MAHARASHTRA - 411037, INDIA	C28369700
3	10503726	01/08/2014 *	1,000,000,000.00	SBICAP TRUSTEE COMPANY LIMITED	202, MAKER TOWER, 'E', CUFFE PARADE, COLABA, MUMBAI, MAHARASHTRA - 400005, INDIA	C14587554
4	10490361	02/05/2014	1,000,000,000.00	VIJAYA BANK	CORPORATION BANKING BRANCH, MAKER CHAMBER IV, 222, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA	C03831641
5	10482303	03/03/2014	354,200,000.00	ORIENTAL BANK OF COMMERCE	181-A, MAKER TOWER 'E', 18TH FLOOR, CUFF PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA	B98387681
6	10451023	18/09/2013	2,000,000,000.00	SBICAP TRUSTEE COMPANY LIMITED	202, MAKER TOWER, 'E', CUFFE PARADE, COLABA, MUMBAI, MAHARASHTRA - 400005, INDIA	B85716223
7	10420719	28/03/2013 *	2,000,000,000.00	SBICAP TRUSTEE COMPANY LIMITED	202, MAKER TOWER, 'E', CUFFE PARADE, COLABA,, MUMBAI, MAHARASHTRA - 400005, INDIA	B75377945
8	10409936	25/02/2013	1,000,000,000.00	UNITED BANK OF INDIA	CORPORATE FINANCE BRANCH, 2ND FLOOR,, UNITED BANK OF INDIA BUILDING, SR. P. M. RAOD FORT, MUMBAI, MAHARASHTRA - 400001, INDIA	B70079702
9	10396006	29/12/2012	2,000,000,000.00	IDBI BANK LIMITED	IDBI TOWER, WTC COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA	B65523862
10	10342315	21/02/2012	60,000,000.00	UNION BANK OF INDIA	UNION BANK BHAVAN, 239,, VIDHAN BHAVAN MARG, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA	B35065903
11	10307117	02/09/2011	710,000,000.00	PUNJAB NATIONAL BANK	MAKER TOWER, 'E', GROUND FLOOR, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA	B20942488
12	10299477	09/07/2011	877,500,000.00	ORIENTAL BANK OF COMMERCE	181-A, MAKER TOWER 'E',, 18TH FLOOR, CUFF PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA	B17795477
13	10190831	03/12/2013 *	9,559,500,000.00	STATE BANK OF INDIA	COMMERCIAL BRANCH, N. G. N. VAIDYA MARG, HORNIMA N CIRCLE, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA	B92769173
14	10118870	01/08/2014 *	18,239,600,000.00	SBICAP TRUSTEE COMPANY LIMITED	202, MAKER TOWER, 'E', CUFFE PARADE, COLABA, MUMBAI, MAHARASHTRA - 400005, INDIA	C16118341

* Date of charge modification

UNSECURED LOANS

UNSECURED LOANS	31.03.2013 (Rs. In Millions)
LONG-TERM BORROWINGS
Other loans and advances	375.000
SHORT TERM BORROWINGS
Loans repayable on demand	1080.200
Total	1455.200

CHANGE OF ADDRESS

The Registered Office of the company has been shifted from C-37, 3^rd Floor, Palam Vyapaar Kendra, Palam Vihar, Gurgaon – 122017, Haryana, India to the present address w.e.f.31.08.2010.

CORPORATE INFORMATION

The Company is a closely-held public limited company promoted by Miglani Family on 13^th September 2007.

The company is primarily engaged into production of Hot Metal / Pig Iron. The company has set-up a Hot Metal / Pig Iron Plant (Blast Furnace) at Wardha, Maharashtra. The plant also consists of a Sinter Plant, Recovery type Coke Oven Plant, Captive Power Plant and a Top Gas Recovery Turbine.

The Company’s primary finished goods are Hot Metal, Pig Iron and Coke. Hot Metal and Pig Iron are produced from the Blast Furnace. Hot Metal and Pig Iron are intermediate products for making steel and is sold to end-users, i.e. foundries and secondary steel manufacturers. Coke is produced from the Coke Oven and major portion of it is used for production of Hot Metal as a fuel in Blast Furnace, while balance portion is sold to Steel Producers. Coke Oven Gas, Granulated Slag and Coal Tar are by-products generated during the production process.

The Registered Office of the Company is situated at 502, Global Foyer Building, Sector 43, Golf Course Road, Gurgaon, Haryana 122002, and Corporate Office is situated at Uttam House, 69 P D’Mello Road, Carnac Bunder, Mumbai - 400009.

CONTINGENT LIABILITIES:

Particulars	31.03.2013 (Rs. In Millions)
(a) Letters of Credit outstanding	869.600
(b) Bank Guarantees	157.300
(c) Custom Duty	28.500
Total	1055.400

FIXED ASSETS

· Land

· Buildings

· Office building

· Factory building

· Plant and equipment

· Furniture and fixtures

· Vehicles

· Office Equipment

· Computer Equipments

· Other 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.61.61
UK Pound	1	Rs.93.49
Euro	1	Rs.71.37

INFORMATION DETAILS

Analysis Done by :	DIV
Report Prepared by :	JYTK

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	6
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		45

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.