MIRA INFORM REPORT

Report No. :	331342
Report Date :	13.07.2015

IDENTIFICATION DETAILS

Name :	SHYAM FERRO ALLOYS LIMITED
Registered Office :	Vishwakarma, 86C, 2^nd Floor, Topsia Road, Kolkata – 700046, West Bengal
Tel. No.:	91-33-22852323/ 27
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	16.05.1995
Com. Reg. No.:	21-071548
Capital Investment / Paid-up Capital :	Rs.311.723 Million
CIN No.: [Company Identification No.]	U27109WB1995PLC071548
IEC No.:	203002067
TIN No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AADCS7376M
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	The principal activities of company are the manufacturing of ferro alloys, gasses, steel and trading of steel and allied products, slag, services, dealing in property and general commission agent.
No. of Employees :	3000 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

A (64)

RATING		STATUS	PROPOSED CREDIT LINE
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

Maximum Credit Limit :	USD 7750000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Exist
Comments :	Subject was incorporated in 1995 it is engaged primarily in the production of manganese based Ferro alloys and stainless steel flats. It is a well-established company having fine track record. For the financial year ended 2014, company reported adequate operational performance and achieved 36.13% along with sound profitability margins at 1.14% The rating reflects the experience of the promoters in the ferroalloy business supported by healthy financial risk profile and favorable net worth base of the company. Trade relations are reported as fair. Business is active. Payments are reported to be regular and as per commitment. In view of aforesaid, the company can be considered good for normal business dealings at usual trade terms and conditions.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – March 31, 2015

Country Name	Previous Rating (31.12.2014)	Current Rating (31.03.2015)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

EXTERNAL AGENCY RATING

Rating Agency Name	ICRA
Rating	Fund Based Limits = A-
Rating Explanation	Adequate degree of safety and low credit risk
Date	August 2014

Rating Agency Name	ICRA
Rating	Non Fund Based Limits = A2+
Rating Explanation	Strong degree of safety and low credit risk
Date	August 2014

RBI DEFAILTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAILTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2013.

INFORMATION PARTED BY (GENERAL DETAILS)

Name :	Mr. Anjani Goyal
Designation :	General Manager
Contact No.:	91-9830016880
Date :	11.07.2015

LOCATIONS

Registered Office :	Vishwakarma, 86C, 2^nd Floor, Topsia Road, Kolkata – 700046, West Bengal, India
Tel. No.:	91-33-22852323/ 27
Mobile No.:	91-9830016880 (Mr. Anjani Goyal)
Fax No.:	91-33-22852328
E-Mail :	sfal@shyamferro.com akg@shyamferro.com joy@shyamferro.com
Website :	www.shyamferro.com
Factory 1 :	Raturia Angadpur Industrial Area, Durgapur – 713216, West Bengal, India
Tel. No.:	91-343-2591101/ 2590895
E-Mail :	dgp@shyamferro.com
Factory 2 :	Palitpur Road, Dewandighi, Burdwan – 713102, West Bengal, India
Tel. No.:	91-342-2622361/ 375
E-Mail :	bwn@shyamferro.com

DIRECTORS

As on 01.08.2014

Name :

Mr. Sanjay Kumar Agarwal

Designation :

Director

Address :

CA-54, Salt Lake City, Kolkata – 700091, West Bengal, India

Date of Birth/Age :

27.03.1976

Qualification :

Graduate

Date of Appointment :

25.07.2004

DIN No.:

00232938

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	U27109WB1991PLC052962	SHYAM SEL AND POWER LIMITED	Director	27/09/2014	04/08/2001	-	Active	NO
2	U51109WB1994PTC064130	CONVENTARY COMMODEAL PRIVATE LIMITED	Director	16/11/2001	16/11/2001	12/02/2011	Amalgamated	NO
3	U40102WB2002PLC094303	SHYAM ENERGY LIMITED	Director	28/02/2002	28/02/2002	-	Active	NO
4	U51109WB1994PTC063946	PONNI TREXIM PRIVATE LIMITED	Director	18/07/2002	18/07/2002	-	Amalgamated	NO
5	U40101WB2002PLC095491	SHYAM METALICS AND ENERGY LIMITED	Director	11/12/2002	11/12/2002	-	Active	NO
6	U51909WB1995PTC073411	KECONS TRADECARE PRIVATE LIMITED	Director	31/12/2003	31/12/2003	-	Active	NO
7	U27109WB1995PLC071548	SHYAM FERRO ALLOYS LIMITED	Director	25/07/2004	25/07/2004	-	Active	NO
8	U45400WB2007PTC115153	IMPROVED REALTORS PRIVATE LIMITED	Director	29/09/2007	29/09/2007	-	Active	NO
9	U40105OR2007PLC009567	Kalinga Energy & Power Limited	Director	04/10/2007	04/10/2007	-	Active	NO
10	U02005WB1995PTC073522	ESSEL PLYWOOD PRIVATE LIMITED	Director	07/11/2007	07/11/2007	24/02/2011	Active	NO
11	U40104WB2007PLC116195	NE Hills Hydro Limited	Director	01/12/2007	01/12/2007	-	Active	NO
12	U27310WB2007PLC116194	SHYAM CENTURY METALLIC LIMITED	Director	01/12/2007	01/12/2007	-	Active	NO
13	U45400WB2007PLC116306	SHYAM EMCO INFRASTRUCTURE LIMITED.	Director	01/12/2007	01/12/2007	-	Active	NO
14	U51109WB2007PTC112997	SAWAGATAM SUPPLY PRIVATE LIMITED	Additional director	01/12/2007	01/12/2007	-	Strike off	NO
15	U51109WB2007PTC112940	NAVRATAN DEALER PRIVATE LIMITED	Additional director	01/12/2007	01/12/2007	-	Strike off	NO
16	U26941WB2008PLC123169	STAR CEMENT BENGAL LIMITED	Director	27/02/2008	27/02/2008	-	Strike off	NO
17	U70100WB2008PTC126430	GUMLA ALUMINIUM PRIVATE LIMITED	Director	09/06/2008	09/06/2008	12/02/2011	Active	NO
18	U70200WB2008PTC126432	SWARNREKHA ABASAN PRIVATE LIMITED	Director	09/06/2008	09/06/2008	18/08/2012	Active	NO
19	U70200WB2008PTC126484	DAMODAR ALUMINIUM PRIVATE LIMITED	Director	10/06/2008	10/06/2008	22/03/2011	Active	NO
20	U70200WB2008PTC127602	SUNGLOW COMPLEX PRIVATE LIMITED	Director	17/07/2008	17/07/2008	21/03/2011	Active	NO
21	U13203DL2007PTC164764	YP MULTI MINERALS PRIVATE LIMITED	Director	30/09/2008	08/08/2008	-	Active	NO
22	U93030DL2007PTC164762	ZENITH COPPER MINES PRIVATE LIMITED	Director	30/09/2008	08/08/2008	-	Active	NO
23	U74140WB2008PTC129092	SHYAM BUSINESS SOLUTIONS PRIVATE LIMITED	Director	05/09/2008	05/09/2008	-	Active	NO
24	U70200WB2008PTC129093	PLATINUM MINMET PRIVATE LIMITED	Director	05/09/2008	05/09/2008	21/05/2011	Active	NO
25	U45201OR2008PLC010323	KALINGA INFRA-PROJECTS LIMITED	Director	16/09/2008	16/09/2008	-	Active	NO
26	U51109WB1995PTC069472	SHAILY SALES & SERVICES PRIVATE LIMITED	Director	15/06/2009	15/06/2009	-	Amalgamated	NO
27	U51109WB1995PTC068663	SREE PANCHAMI CONSULTANTS PRIVATE LIMITED	Director	15/06/2009	15/06/2009	-	Amalgamated	NO
28	U40106WB2008PTC126637	SHYAM SOLAR APPLIANCE PRIVATE LIMITED	Director	02/09/2009	02/09/2009	-	Active	NO
29	U51420WB2005PTC101287	VEDANSH MINERAL & METALS PRIVATE LIMITED	Additional director	14/06/2010	14/06/2010	28/07/2012	Active	NO
30	U65922WB1992PTC054891	KALPATARU HOUSEFIN & TRADING PRIVATE LIMITED	Director	22/02/2011	22/02/2011	-	Active	NO
31	U40101WB2011PTC167354	UTTAR PURVA HYDROPOWER PRIVATE LIMITED	Director	08/09/2011	08/09/2011	-	Active	NO
32	U70109WB2011PTC168115	SHYAM IT PARK DEVEPOLERS PRIVATE LIMITED	Director	26/09/2011	26/09/2011	-	Active	NO
33	U74999WB2011PTC169369	RENAISSANCE HYDRO POWER PRIVATE LIMITED	Director	14/11/2011	14/11/2011	15/12/2014	Active	NO
34	U70102WB2011PTC169370	SINDBAD HYDRO POWER PRIVATE LIMITED	Director	14/11/2011	14/11/2011	15/12/2014	Active	NO
35	U74999WB2011PTC169367	GOODLIFE HYDRO POWER PRIVATE LIMITED	Director	14/11/2011	14/11/2011	15/12/2014	Active	NO
36	U40108ML2002PLC006921	MEGHALAYA POWER LIMITED	Managing director	01/12/2013	01/11/2013	-	Active	NO

Name :

Mr. Sandeep Goyal

Designation :

Director

Address :

Shanti Kunj, DL-18, Salt Lake City, Kolkata – 700091, West Bengal, India

Date of Birth/Age :

02.12.1973

Qualification :

MBA

Date of Appointment :

07.06.2003

PAN No.:

AAZPG7287Q

DIN No.:

00276140

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	U27109WB2000PLC091371	G S C CASTOFIRM LIMITED	Director	15/03/2000	15/03/2000	10/03/2009	Active	NO
2	U51109WB1996PTC080975	RCD TRADING PRIVATE LIMITED	Director	12/09/2001	12/09/2001	-	Active	NO
3	U27109WB1995PLC071548	SHYAM FERRO ALLOYS LIMITED.	Director	07/06/2003	07/06/2003	-	Active	NO
4	U51909WB1995PTC073411	KECONS TRADECARE PRIVATE LIMITED.	Director	31/12/2003	31/12/2003	-	Active	NO
5	U74220WB1992PLC054631	PAFCO LABORATORIES LIMITED	Director	14/02/2005	14/02/2005	-	Active	NO
6	U51109WB1994PTC064288	EVIKA VINCOM PRIVATE LIMITED	Director	01/04/2006	01/04/2006	-	Active	NO
7	U51909WB1994PTC062493	LEDO VYAPAAR PRIVATE LIMITED	Director	01/04/2006	01/04/2006	-	Active	NO
8	U74140WB1993PTC057394	BHUVEE PROFILES & STAINLESS PRIVATE LIMITED	Managing director	30/09/2010	15/05/2006	-	Amalgamated	NO
9	U51109WB1995PTC068654	RABIRUN VINIMAY PRIVATE LIMITED	Managing director	07/02/2015	24/01/2007	-	Active	NO
10	U27100WB2007PTC120297	BHUVEE STENOVATE PRIVATE LIMITED	Managing director	30/09/2010	07/11/2007	-	Active	NO
11	U74120WB1994PTC061528	ADVIN FISCAL SERVICES PRIVATE LIMITED	Director	28/07/2008	01/04/2008	-	Active	NO
12	U51109WB1994PTC063125	ASHDIL TRADING COMPANY PRIVATE LIMITED	Director	28/07/2008	01/04/2008	-	Active	NO
13	U25112WB2008PTC130382	INTEGERATED PIPES & TUBES PRIVATE LIMITED	Director	10/11/2008	10/11/2008	25/04/2014	Active	NO
14	U74900WB2008PTC131341	BHUVEE PACKAGING & ANCILLIARY PRIVATE LIMITED	Director	18/12/2008	18/12/2008	25/04/2014	Active	NO
15	U27100WB2009PTC138217	MAHANADI DECORATIVE SHEETS PRIVATE LIMITED	Director	03/09/2009	03/09/2009	25/04/2014	Active	NO
16	U52190WB1994PTC062081	WELLMAN SALES AGENCY PRIVATE LIMITED	Director	30/10/2009	30/10/2009	-	Active	NO
17	U51109WB1995PTC067905	CAROL SYNTEX PRIVATE LIMITED	Director	30/10/2009	30/10/2009	-	Active	NO
18	U51109WB1995PTC075883	ANUDEEP CONSULTANTS PRIVATE LIMITED	Director	30/10/2009	30/10/2009	-	Active	NO
19	U51109WB1995PTC068590	CYNOSURE TRACON PRIVATE LIMITED	Director	30/10/2009	30/10/2009	-	Active	NO
20	U27101WB2002PTC095499	BRG IRON & STEEL CO. PRIVATE LIMITED	Director	06/02/2015	06/02/2010	-	Active	NO
21	U27100RJ2009PTC046910	SUNCITY STRIPS & TUBES PRIVATE LIMITED	Director	30/09/2010	01/04/2010	15/11/2012	Active	NO
22	U51109WB1996PTC078066	ALLWORTH MERCHANDISE PRIVATE LIMITED	Director	30/09/2010	06/04/2010	-	Active	NO
23	U51909WB1996PTC078600	SUNRISE MERCHANDISE PRIVATE LIMITED	Director	30/09/2010	06/04/2010	-	Active	NO
24	U51109WB1994PTC063491	MODSNA TIE UP PRIVATE LIMITED	Director	30/09/2010	12/04/2010	-	Active	NO
25	U52100WB2010PTC151212	BRG INTERNATIONAL PRIVATE LIMITED	Managing director	30/07/2010	13/07/2010	-	Active	NO
26	U74999WB2011PTC158153	INTEGERATED ENGINEERING SOLUTION PRIVATE LIMITED	Director	28/01/2011	28/01/2011	11/07/2014	Active	NO
27	U27107DL2008PTC184665	PROLIFIQUE ROLLS PRIVATE LIMITED	Director	31/05/2012	31/05/2012	05/12/2012	Active	NO
28	U28990DL2013PTC253415	BRG FABRINOX PRIVATE LIMITED	Managing director	03/06/2013	03/06/2013	-	Active	NO

Name :

Mr. Himanshu Goyal

Designation :

Director

Address :

Sita Kunj, DL-18, Salt Lake City, Kolkata – 700091, West Bengal, India

Date of Birth/Age :

24.02.1975

Qualification :

MBA

Date of Appointment :

25.07.2004

PAN No.:

AAOPG5565G

DIN No.:

00276571

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	U74899DL1980PTC010946	JAY GUM CHEMICALS INDIA PRIVATE LIMITED	Director	15/11/1994	15/11/1994	-	Active	NO
2	U27109WB2000PLC091371	G S C CASTOFIRM LIMITED	Director	15/03/2000	15/03/2000	10/03/2009	Active	NO
3	U27101WB2002PTC095499	BRG IRON & STEEL CO. PRIVATE LIMITED	Director	12/12/2002	12/12/2002	-	Active	NO
4	U27109WB2003PTC095735	BRG STEEL PRIVATE LIMITED	Director	31/01/2003	31/01/2003	-	Amalgamated	NO
5	U27106WB2003PTC095753	BRG METAL & POWER PRIVATE LIMITED.	Director	04/02/2003	04/02/2003	-	Active	NO
6	U27320WB2002PTC095111	JAI HANUMANTA STEEL PRIVATE LIMITED	Director	25/07/2003	25/07/2003	05/12/2014	Active	NO
7	U27109WB1995PLC071548	SHYAM FERRO ALLOYS LIMITED.	Director	25/07/2004	25/07/2004	-	Active	NO
8	U51109WB1994PTC063491	MODSNA TIE UP PRIVATE LIMITED	Director	30/09/2010	15/01/2010	-	Active	NO
9	U52390WB2010PTC151210	BRG INDUSTRIES PRIVATE LIMITED	Director	12/07/2010	12/07/2010	-	Active	NO
10	U52100WB2010PTC151212	BRG INTERNATIONAL PRIVATE LIMITED	Director	12/07/2010	12/07/2010	-	Active	NO
11	U74140WB1993PTC057394	BHUVEE PROFILES & STAINLESS PRIVATE LIMITED	Director	01/02/2011	01/02/2011	-	Amalgamated	NO
12	U27100WB2007PTC120297	BHUVEE STENOVATE PRIVATE LIMITED	Director	01/02/2011	01/02/2011	-	Active	NO
13	U51109WB1995PTC068654	RABIRUN VINIMAY PRIVATE LIMITED	Director	01/02/2011	01/02/2011	-	Active	NO
14	U51909WB1994PTC062493	LEDO VYAPAAR PRIVATE LIMITED	Director	19/02/2013	19/02/2013	-	Active	NO
15	U51109WB1996PTC080975	RCD TRADING PRIVATE LIMITED	Director	20/02/2013	20/02/2013	-	Active	NO
16	U51109WB1994PTC064288	EVIKA VINCOM PRIVATE LIMITED	Director	22/02/2013	22/02/2013	-	Active	NO
17	U28990DL2013PTC253415	BRG FABRINOX PRIVATE LIMITED	Director	03/06/2013	03/06/2013	-	Active	NO
18	U74120WB1994PTC061528	ADVIN FISCAL SERVICES PRIVATE LIMITED	Director	25/08/2014	02/12/2013	-	Active	NO
19	U52190WB1994PTC062081	WELLMAN SALES AGENCY PRIVATE LIMITED	Director	30/08/2014	03/12/2013	-	Active	NO
20	U51109WB1994PTC063125	ASHDIL TRADING COMPANY PRIVATE LIMITED	Director	26/08/2014	03/12/2013	-	Active	NO
21	U51109WB1995PTC067905	CAROL SYNTEX PRIVATE LIMITED	Director	28/08/2014	03/12/2013	-	Active	NO
22	U51109WB1995PTC068590	CYNOSURE TRACON PRIVATE LIMITED	Director	29/08/2014	03/12/2013	-	Active	NO
23	U51109WB1995PTC075883	ANUDEEP CONSULTANTS PRIVATE LIMITED	Director	25/08/2014	03/12/2013	-	Active	NO
24	U74220WB1992PLC054631	PAFCO LABORATORIES LIMITED	Director	30/08/2014	04/12/2013	-	Active	NO

Name :

Mr. Brij Bhushan Agarwal

Designation :

Director

Address :

3B, Ashoka Road, Alipore, Kolkata – 700027, West Bengal, India

Date of Birth/Age :

13.09.1972

Qualification :

Graduate

Date of Appointment :

16.05.2005

DIN No.:

01125056

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	U01122WB1995PTC073938	SHYAM METALICS PRIVATE LIMITED	Director	31/08/1995	31/08/1995	-	Amalgamated	NO
2	U27109WB1991PLC052962	SHYAM SEL AND POWER LIMITED	Managing director	01/04/2013	26/07/1999	-	Active	NO
3	U51909WB1995PTC070771	DORITE TRACON PRIVATE LIMITED	Director	22/02/2000	22/02/2000	-	Active	NO
4	U51909WB1994PTC066014	SUBHAM CAPITAL PRIVATE LIMITED	Director	15/01/2001	15/01/2001	-	Active	NO
5	U40102WB2002PLC094303	SHYAM ENERGY LIMITED	Director	28/02/2002	28/02/2002	12/06/2014	Active	NO
6	U40101WB2002PLC095491	SHYAM METALICS AND ENERGY LIMITED	Managing director	01/10/2014	11/12/2002	-	Active	NO
7	U26942ML2001PLC006663	CEMENT MANUFACTURING COMPANY LIMITED	Director	03/01/2003	03/01/2003	-	Active	NO
8	U27109WB1995PLC071548	SHYAM FERRO ALLOYS LIMITED	Director	16/05/2005	16/05/2005	08/12/2014	Active	NO
9	U40108ML2002PLC006921	MEGHALAYA POWER LIMITED	Director	25/05/2006	25/05/2006	-	Active	NO
10	U51909WB2006PTC111570	ARHAM SALES PRIVATE LIMITED	Director	23/10/2006	23/10/2006	05/09/2014	Active	NO
11	U52190WB2006PTC111571	APNAPAN VINIYOG PRIVATE LIMITED	Director	23/10/2006	23/10/2006	05/09/2014	Active	NO
12	U52190WB2006PTC111573	ADONIS VYAPER PRIVATE LIMITED	Director	23/10/2006	23/10/2006	05/09/2014	Active	NO
13	U51109WB2006PTC110351	ARA SUPPLIERS PRIVATE LIMITED	Director	23/10/2006	23/10/2006	05/09/2014	Active	NO
14	L20101WB1982PLC034435	CENTURY PLYBOARDS (INDIA) LIMITED	Director	27/08/2010	04/12/2006	10/05/2011	Active	NO
15	U15432WB1996PTC111330	MATIN CONFECTIONARY PRIVATE LIMITED	Director	28/03/2007	28/03/2007	-	Amalgamated	NO
16	U70109WB2007PLC115289	PURI PORTS LIMITED	Director	23/04/2007	23/04/2007	01/09/2014	Active	NO
17	U70102HR2007PTC043349	TRANSCEND INFRASTRUCTURE Private Limited	Director	15/05/2007	15/05/2007	19/03/2008	Active	NO
18	U27310WB2007PLC116194	SHYAM CENTURY METALLIC LIMITED	Director	29/05/2007	29/05/2007	21/09/2007	Active	NO
19	U40104WB2007PLC116195	NE Hills Hydro Limited	Director	29/05/2007	29/05/2007	21/09/2007	Active	NO
20	U45400WB2007PLC116306	SHYAM EMCO INFRASTRUCTURE LIMITED.	Director	01/07/2009	01/06/2007	-	Active	NO
21	U26940WB2007PLC117174	SHYAM CENTURY CEMENT INDUSTRIES LIMITED	Director	13/07/2007	13/07/2007	-	Active	NO
22	U40105OR2007PLC009567	Kalinga Energy & Power Limited	Director	04/10/2007	04/10/2007	24/10/2014	Active	NO
23	U70100WB2008PTC126431	SINGHBHUM STEEL & POWER PRIVATE LIMITED	Director	09/06/2008	09/06/2008	21/03/2011	Active	NO
24	U40106WB2008PTC126637	SHYAM SOLAR APPLIANCE PRIVATE LIMITED	Director	17/06/2008	17/06/2008	-	Active	NO
25	U70102WB2008PTC126636	KOLHAN COMPLEX PRIVATE LIMITED	Director	17/06/2008	17/06/2008	22/03/2011	Active	NO
26	U70200WB2008PTC126792	SHYAM ORES(JHARKHAND) PRIVATE LIMITED	Director	23/06/2008	23/06/2008	21/03/2011	Active	NO
27	U63090ML2005PLC008011	STAR CEMENT MEGHALAYA LIMITED	Director	12/08/2009	04/07/2008	-	Active	NO
28	U13100WB2008PTC129094	SHYAM MINMET PRIVATE LIMITED	Director	05/09/2008	05/09/2008	05/12/2014	Active	NO
29	U45201OR2008PLC010323	KALINGA INFRA-PROJECTS LIMITED	Director	16/09/2008	16/09/2008	27/06/2014	Active	NO
30	U51420WB2005PTC101287	VEDANSH MINERAL & METALS PRIVATE LIMITED	Additional director	14/06/2010	14/06/2010	11/07/2012	Active	NO
31	U45400WB2010PTC155930	GLOWING REALTY PRIVATE LIMITED	Director	18/12/2010	18/12/2010	02/07/2012	Active	NO
32	U27100ML2011PLC008483	MEGHALAYA FERRO ALLOYS & POWER LIMITED	Director	14/07/2011	14/07/2011	-	Active	NO
33	U23101ML2011PLC008484	NORTH EAST CARBON & ENERGY LIMITED	Director	21/07/2011	21/07/2011	-	Active	NO
34	U70109WB2011PTC168115	SHYAM IT PARK DEVEPOLERS PRIVATE LIMITED	Director	26/09/2011	26/09/2011	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Anjani Goyal
Designation :	General Manager

MAJOR SHAREHOLDERS

As on 01.08.2014

SHAREHOLDING DETAILS FILE ATTACHED

Equity Share Break up (Percentage of Total Equity)

As on 01.08.2014

Category	Percentage
Bodies corporate	51.81
Directors or relatives of Directors	47.94
Others	0.25
Total	100

BUSINESS DETAILS

Line of Business :

The principal activities of company are the manufacturing of ferro alloys, gasses, steel and trading of steel and allied products, slag, services, dealing in property and general commission agent.

Products :

Product Description	Item Code No. (ITC Code)
Silico Manganese	72023000
Ferro Manganese	72021100
Ferro Chrome	72024100
MC Silico Manganese	72022900
SS Flat	72201129
SS Round	72210090
SS Round Bright Bar	72222012

Brand Names :

--

Agencies Held :

--

Exports :

Products :

Finished Goods

Countries :

• USA
• European Countries

Imports :

Products :

Raw Material

Countries :

South African Countries

Terms :

Selling :

Cash, Cheque and Credit

Purchasing :

Cash, Cheque and Credit

PRODUCTION STATUS – (NOT AVAILABLE)

GENERAL INFORMATION

Suppliers :

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

Customers :

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

No. of Employees :

3000 (Approximately)

Bankers :

Banker Name	State Bank of India
Branch Address	Industrial Finance Branch, Kolkata, West Bengal, India
Person Name (With Designation)	Not Divulged
Contact Number	91-33-22407644
Name of Account Holder	Not Divulged
Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	Not Responding

• State Bank of Hyderabad (Lead Bank), Park Street Branch, 113, Park Street, Kolkata - 700016, West Bengal, India
• Yes Bank Limited, 9^th Floor, Nehru Centre, Discovery Of India, Dr. Annie Besant Road, Worli, Mumbai – 400018, Maharashtra,. India

Facilities :

SECURED LOANS	31.03.2014 Rs. In Million	31.03.2013 Rs. In Million
LONG TERM BORROWINGS
Loans taken for vehicles	2.849	0.104
SHORT TERM BORROWINGS
Rupee term loans from banks	634.804	717.576
Total	637.653	717.680

Auditors :
Name :	S. Poddar and Company Chartered Accountants
Address :	2 Lal Bazar Street , Kolkata- 700001, West Bengal, India
PAN No.:	AATFS2603N
Memberships :	--
Collaborators :	--
Associates :	Shyam Sel and Power Limited (Formerly known as Shyam SEL Limited.) CIN No.: U27109WB1991PLC052962 Shyam Metalics and Energy Limited (Formerly known as Shyam DRI Limited.) CIN No.: U40101WB2002PLC095491 BRG Iron and Steel Company Private Limited CIN No.: U27101WB2002PTC095499 Kecons Tradecare Private Limited CIN No.: U51909WB1995PTC073411 Evika Vincom Private Limited CIN No.: U51109WB1994PTC064288 Rabirun Vinimay Private Limited

CAPITAL STRUCTURE

As on 01.08.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
32000000	Equity Shares	Rs.10/- each	Rs.320.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
31172320	Equity Shares	Rs.10/- each	Rs.311.723 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014	31.03.2013	31.03.2012
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	311.723	311.723	311.723
(b) Reserves & Surplus	2,400.249	2,308.268	2,238.051
(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)	2,711.972	2,619.991	2,549.774
(3) Non-Current Liabilities
(a) long-term borrowings	2.849	0.104	3.259
(b) Deferred tax liabilities (Net)	189.337	155.862	145.617
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	12.671	12.734	11.529
Total Non-current Liabilities (3)	204.857	168.700	160.405
(4) Current Liabilities
(a) Short term borrowings	634.804	717.576	578.098
(b) Trade payables	1,957.048	1,331.604	1,083.639
(c) Other current liabilities	280.867	180.761	289.826
(d) Short-term provisions	37.527	21.171	12.441
Total Current Liabilities (4)	2,910.246	2,251.112	1,964.004
TOTAL	5,827.075	5,039.803	4,674.183
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	1,260.044	1,158.697	1,006.691
(ii) Intangible Assets	0.042	0.070	0.109
(iii) Capital work-in-progress	86.673	103.471	95.193
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.000	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	399.624	438.606	461.834
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	1,746.383	1,700.844	1,563.827
(2) Current assets
(a) Current investments	100.000	100.000	0.000
(b) Inventories	2,255.685	1,984.225	1,482.708
(c) Trade receivables	661.594	526.737	907.907
(d) Cash and cash equivalents	412.711	171.171	407.109
(e) Short-term loans and advances	642.287	548.411	304.217
(f) Other current assets	8.415	8.415	8.415
Total Current Assets	4,080.692	3,338.959	3,110.356
TOTAL	5,827.075	5,039.803	4,674.183

PROFIT & LOSS ACCOUNT

	PARTICULARS			31.03.2014	31.03.2013	31.03.2012
	SALES
		Income		8,082.866	5,937.298	4,810.642
		Other Income		41.793	39.004	-18.417
		TOTAL (A)		8,124.659	5,976.302	4,792.225
Less	EXPENSES
		Cost of Materials Consumed		3,317.147	2,699.280	2,368.734
		Purchase of Stock-in-trade		489.862	104.218	15.536
		Changes in Inventories of finished goods, work-in-progress and stock-in-trade		5.673	(119.322)	(271.849)
		Employee Benefits Expenses		117.961	110.717	109.232
		Other Expenses		3,708.476	2,842.168	2,284.622
		TOTAL (B)		7,639.119	5,637.061	4,506.275
	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)			485.540	339.241	285.950
Less	FINANCIAL EXPENSES (D)			216.406	112.083	96.434
	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)			269.134	227.158	189.516
Less	DEPRECIATION/ AMORTISATION (F)			120.420	123.864	119.672
	PROFIT/(LOSS) BEFORE TAX (E-F) (G)			148.714	103.294	69.844
Less	TAX (H)			56.735	33.078	19.794
	PROFIT/(LOSS) AFTER TAX (G-H) (I)			91.979	70.216	50.050
	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD			1057.544	987.326	937.276
	BALANCE CARRIED TO THE B/S			1149.523	1057.544	987.326
	EARNINGS IN FOREIGN CURRENCY
			Export Earnings	3097.820	1772.149	1519.835
	TOTAL EARNINGS			3097.820	1772.149	1519.835
	IMPORTS
			Raw Materials	2030.060	1455.695	NA
			Stores & Spares	408.556	255.608	NA
			Capital Goods	0.645	0.962	NA
	TOTAL IMPORTS			2439.261	1712.265	NA
	Earnings / (Loss) Per Share (Rs.)			2.95	2.25	1.61

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	1.700	3.736	6.282
Cash generated from operations	NA	NA	NA
Net cash flow from (used in) operations	670.359	108.524	178.946

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT/Sales)	(%)	1.14	1.18	1.04
Operating Profit Margin (PBDIT/Sales)	(%)	6.01	5.71	5.94
Return on Total Assets (PBT/Total Assets}	(%)	2.59	2.09	1.53
Return on Investment (ROI) (PBT/Networth)		0.05	0.04	0.03
Debt Equity Ratio (Total Debt /Networth)		0.24	0.27	0.23
Current Ratio (Current Asset/Current Liability)		1.40	1.48	1.58

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	Rs. In Million	Rs. In Million	Rs. In Million
Share Capital	311.723	311.723	311.723
Reserves & Surplus	2238.051	2308.268	2400.249
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	2549.774	2619.991	2711.972
Long Term borrowings	3.259	0.104	2.849
Short Term borrowings	578.098	717.576	634.804
Current Maturities of Long term debt	6.282	3.736	1.700
Total borrowings	587.639	721.416	639.353
Debt/Equity ratio	0.230	0.275	0.236

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	Rs. In Million	Rs. In Million	Rs. In Million
Sales	4,810.642	5,937.298	8,082.866
		23.420	36.137

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	Rs. In Million	Rs. In Million	Rs. In Million
Sales	4,810.642	5,937.298	8,082.866
Profit	50.050	70.216	91.979
	1.04%	1.18%	1.14%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check list by info agents	Available in Report (Yes/No)
1	Year of establishment	Yes
2	Constitution of the entity -Incorporation details	Yes
3	Locality of the entity	Yes
4	Premises details	No
5	Buyer visit details	----------
6	Contact numbers	Yes
7	Name of the person contacted	Yes
8	Designation of contact person	Yes
9	Promoter’s background	Yes
10	Date of Birth of Proprietor / Partners / Directors	Yes
11	Pan Card No. of Proprietor / Partners	Yes
12	Voter ID Card No. of Proprietor / Partners	No
13	Type of business	Yes
14	Line of Business	Yes
15	Export/import details (if applicable)	Yes
16	No. of employees	Yes
17	Details of sister concerns	Yes
18	Major suppliers	No
19	Major customers	No
20	Banking Details	Yes
21	Banking facility details	Yes
22	Conduct of the banking account	----------
23	Financials, if provided	Yes
24	Capital in the business	Yes
25	Last accounts filed at ROC, if applicable	Yes
26	Turnover of firm for last three years	Yes
27	Reasons for variation <> 20%	----------
28	Estimation for coming financial year	No
29	Profitability for last three years	Yes
30	Major shareholders, if available	Yes
31	External Agency Rating, if available	Yes
32	Litigations that the firm/promoter involved in	Yes
33	Market information	----------
34	Payments terms	Yes
35	Negative Reporting by Auditors in the Annual Report	No

LITIGATION DETAILS

Case Status     :   Pending

Status of           ARBITRATION PETITION(AP)   674        of    2010      MERCON TRADING LLC. DUBAI   

Vs.                  SHYAM FERRO ALLOYS LIMITED

Pet's Adv.        :   R. GINODIA & CO.                   

Res's Adv.       :       

Court No.        :  16

Last Listed On :

Monday, June 01, 2015     

Category           :   NO CATEGORY MENTIONED

CONNECTED APPLICATION (S)

       GA     3789    of   2010

CONNECTED MATTER (S)

No Connected Matter

Case Updated on:   Friday, June 12, 2015 

CORPORATE INFORMATION

The company is a public limited company having its regd. office at VISHWAKARMA, 86C, Topsia Road, Kolkata 700 046. The company’s manufacturing units are located at (1) Palitpur Road, Dewandighi, Burdwan (West Bengal) and (2) Raturia, Angadpur Industria Area, Durgapur (West Bengal). The company was incorporated in the year 1995.

NATURE OF OPERATIONS

The principal activities of company are the manufacturing of ferro alloys, gasses, steel and trading of steel & allied products, slag, services, dealing in property and general commission agent.

FINANCIAL OVERVIEW

The company has shown a very remarkable & encouraging result during the year under review as compared with any other year. During the year company’s total revenue has been increased to Rs.8124.659 Million as compared to Rs.5976.302 Million in the previous year representing an impressive growth of 36% from the previous year level. The Company’s Profit before tax stood at Rs.148.714 Million as compared to Rs.103.294 Million in the previous year also representing a very impressive growth of 44%. The Company has achieved this encouraging result through increase in production, sales & operational efficiency and with a good team work.

INDEX OF CHARGE:

Sr. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10536335	15/12/2014	4,039,200.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA	C36814812
2	10436353	30/05/2013	3,500,000.00	STATE BANK OF INDIA	ALIPORE BRANCH,, 24/1/1, ALIPORE ROAD, KOLKATA, W EST BENGAL - 700027, INDIA	B79402533
3	10430917	10/07/2014 *	1,550,000,000.00	STATE BANK OF INDIA	INDUSTRIAL FINANCE BRANCH, KOLKATA, 11, DR. U. N.  BRAHMACHARI STREET, KOLKATA, WEST BENGAL - 700017 , INDIA	C15041270
4	10360561	25/04/2012	350,000,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W  , MUMBAI, MAHARASHTRA - 400013, INDIA	B41609371
5	10281723	11/02/2015 *	3,411,200,000.00	STATE BANK OF INDIA	INDUSTRIAL FINANCE BRANCH, KOLKATA, 11, DR. U. N.  BRAHMACHARI STREET, KOLKATA, WEST BENGAL - 700017 , INDIA	C44936110
6	10255791	25/11/2010	470,000,000.00	IDBI BANK LIMITED	IDBI HOUSE, 44, SHAKESPEARE SARANI, KOLKATA, WEST BENGAL - 700017, INDIA	B01301084
7	10130817	03/11/2008	250,000,000.00	YES BANK LIMITED	9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR. ANNIE BESANT ROAD, WORLI,, MUMBAI, MAHARASHTRA -  400018, INDIA	A51098515
8	10098000	16/04/2008	290,000,000.00	THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED	HONGKONG BANK, 31 B B D BAG, KOLKATA, WEST BENGAL  - 700001, INDIA	A36117984
9	10098249	16/04/2008	290,000,000.00	THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED	HONGKONG BANK, 31 B B D BAG, KOLKATA, WEST BENGAL  - 700001, INDIA	A36194157
10	80013586	10/10/2014 *	3,411,200,000.00	STATE BANK OF HYDERBAD (LEAD BANK)	PARK STREET BRANCH, 113, PARK STREET, KOLKATA, WEST BENGAL - 700016, INDIA	C31716103
11	80059089	18/01/2006	100,000,000.00	STATE BANK OF HYDERABAD	PARK STEET BRANCH, 113, PARK STREET, KOLKATA, WEST BENGAL - 700016, INDIA	-
12	80040690	25/03/2008 *	700,000,000.00	STATE BANK OF INDIA	INDUSTRIAL FINANCE BRANCH, 11, DR. U. N. BRAHMACHARI STREET, KOLKATA, WEST BENGAL - 700017, INDIA	A36828861
13	90247876	30/03/2011 *	2,280,000,000.00	STATE BANK OF INDIA (LEAD BANK)	INDUSTRIAL FINANCE BRANCH, 11, DR. U. N. BRAHMACHARI STREET, KOLKATA, WEST BENGAL - 700017, INDIA	B11069671

*Date of modification Charges

FIXED ASSETS:

· Land

· Building

· Plant and Machinery

· Computer

· Vehicles

· Furniture and Fixture

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 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.63.38
UK Pound	1	Rs.97.65
Euro	1	Rs.70.43

INFORMATION DETAILS

Information Gathered by :	GYT
Analysis Done by :	KAR
Report Prepared by :	VNT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	7
PAID-UP CAPITAL	1~10	7
OPERATING SCALE	1~10	8
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	7
--PROFITABILITY	1~10	7
--LIQUIDITY	1~10	7
--LEVERAGE	1~10	7
--RESERVES	1~10	7
--CREDIT LINES	1~10	7
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	YES
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		64

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.