MIRA INFORM REPORT

Report No. :	332783
Report Date :	20.07.2015

IDENTIFICATION DETAILS

Name :	NCC LIMITED (w.e.f.25.02.2011)
Formerly Known As :	NAGARJUNA CONSTRUCTION COMPANY LIMITED
Registered Office :	NCC House, Madhapur, Hyderabad – 500081, Andhra Pradesh
Tel. No.:	91-40-23268888
Country :	India
Financials (as on) :	31.03.2015
Date of Incorporation :	22.03.1990
Com. Reg. No.:	01-011146
Capital Investment / Paid-up Capital :	Rs.1111.863 Million
CIN No.: [Company Identification No.]	L72200AP1990PLC011146
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	HYDN00212C
PAN No.: [Permanent Account No.]	AAACN7335C
Legal Form :	A Public Limited Liability Company. The Company’s Shares are Listed on the Stock Exchanges.
Line of Business :	Construction and Project Activities.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

B (30)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 92000000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Exist
Comments :	NCC, established on 22^nd March 1990, it is established company having moderate track record. The rating take into consideration on NCC’s timely debt servicing following the improvement in its liquidity, driven by successful equity infusion of Rs.6 billion through a rights issue in October 2014. The ratings reflect the NCC group’s weak financial risk profile marked by weak debt protection indicators and high working capital requirements, and its exposure to intense competition in the construction sector. The rating weaknesses are partially offset by the group’s established market position across diverse construction segments and its healthy order book. Trade relations are fair. Business is active. Payments are reported to be slow but correct. In view of groups established track record backed by its experienced promoters, the company can be considered for business dealings on with some caution.

NOTES:

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

ECGC Country Risk Classification List – March 31, 2015

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

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

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	Long term bank facilities= B+
Rating Explanation	Risk prone credit quality and carries very high credit risk.
Date	February, 2015

Rating Agency Name	CRISIL
Rating	Short term bank facilities= A4
Rating Explanation	Minimal degree of safety and very high credit risk.
Date	February, 2015

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 31-03-2013.

INFORMATION DENIED

Management Non Co-Operative (Tel No.: 91-40-23268888)

LOCATIONS

Registered Office :	NCC House, Madhapur, Hyderabad – 500081, Andhra Pradesh, India
Tel. No.:	91-40-23268888
Fax No.:	91-40-23125555
E-Mail :	ho.secr@nccltd.in ariram.madduri@nccltd.in
Website :	http://www.ncclimited.com
Regional Offices :	Located at · Ahmedabad · Bengaluru · Bhopal · Bhubaneswar · Chennai · Delhi · Kolkata · Kochi · Lucknow · Mumbai · Ranchi
Overseas Offices :	Located at · Dubai · Muscat · Doha · Riyadh

DIRECTORS

AS ON 31.03.2014

Name :	Mr. P. Abraham, IAS (Retd.)
Designation :	Independent Director
Name :	Mr. R. V. Shastri
Designation :	Independent Director
Name :	Mr. P C Laha#
Designation :	Independent Director
Name :	Mr. T N Manoharan
Designation :	Independent Director
Name :	Mr. Anil P Gupta
Designation :	Independent Director
Name :	Mr. Akhil Gupta##
Designation :	Nominee Director
Name :	Mr. Hemant M Nerurkar*
Designation :	Additional Director
Name :	Mr. Amit Dixit**
Designation :	Nominee Director
Name :	Mr. Utpal Sheth***
Designation :	Additional Director
Name :	Mr. N. R. Alluri
Designation :	Director
Name :	Mr. A A V Ranga Raju
Designation :	Managing Director
Name :	Mr. A G K Raju
Designation :	Executive Director
Name :	Mr. A S N Raju
Designation :	Wholetime Director
Name :	Mr. J V Ranga Raju
Designation :	Wholetime Director
Name :	Mr. A V N Raju
Designation :	Wholetime Director
Name :	Mr. A K H S Rama Raju
Designation :	Wholetime Director
	# Resigned w.e.f. 12-02-2014. ## Resigned w.e.f. 15-05-2014. * Appointed as Additional Director w.e.f. 09-04-2014. ** Appointed as Nominee Director w.e.f. 15-05-2014. *** Appointed as Additional Director w.e.f. 11-10-2013.

KEY EXECUTIVES

Name :	Mr. R S Raju
Designation :	Chief Financial Officer and Executive Vice President (F and A)
Name :	Mr. M V Srinivasa Murthy
Designation :	Company Secretary and Sr. VP (Legal)

SHAREHOLDING PATTERN

AS ON 31.03.2015

Category of Shareholder	No. of Shares	Percentage of Holding
(A) Shareholding of Promoter and Promoter Group
(1) Indian
Individuals / Hindu Undivided Family	70609908	12.70
Bodies Corporate	44168123	7.95
Sub Total	114778031	20.65
(2) Foreign
Total shareholding of Promoter and Promoter Group (A)	114778031	20.65
(B) Public Shareholding
(1) Institutions
Mutual Funds / UTI	67995570	12.23
Financial Institutions / Banks	935603	0.17
Foreign Institutional Investors	167370586	30.11
Sub Total	236301759	42.51
(2) Non-Institutions
Bodies Corporate	67492869	12.14
Individuals
Individual shareholders holding nominal share capital up to Rs.0.100 million	40797748	7.34
Individual shareholders holding nominal share capital in excess of Rs.0.100 million	89777500	16.15
Any Others (Specify)	6764981	1.22
Trusts	19100	0.00
Clearing Members	2698857	0.49
Foreign Bodies - D R	1648	0.00
Non Resident Indians	4045376	0.73
Sub Total	204833098	36.85
Total Public shareholding (B)	441134857	79.35
Total (A)+(B)	555912888	100.00
(C) Shares held by Custodians and against which Depository Receipts have been issued	0	0.00
(1) Promoter and Promoter Group	0	0.00
(2) Public	18700	0.00
Sub Total	18700	0.00
Total (A)+(B)+(C)	555931588	0.00

BUSINESS DETAILS

Line of Business :	Construction and Project Activities.
Brand Names :	Not Divulged
Agencies Held :	Not Divulged
Exports :	Not Divulged
Imports :	Not Divulged
Terms :
Selling :	Not Divulged
Purchasing :	Not Divulged

PRODUCTION STATUS – NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

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

Customers :

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

No. of Employees :

Not Divulged

Bankers :

· State Bank of India

· Canara Bank

· Andhra Bank

· State Bank of Hyderabad

· Syndicate Bank

· Indian Overseas Bank

· Allahabad Bank

· ICICI Bank

· Standard Chartered Bank

· IDBI Bank Limited

Facilities :

SECURED LOANS	31.03.2015 Rs. In Million	31.03.2014 Rs. In Million
Long Term Borrowings
Debentures
11.95% Redeemable, Non-convertible Debentures		0.000
10.50% Redeemable, Non-convertible Debentures		0.000
Term Loans
From Banks		60.310
From Other Parties		157.440
Vehicle Loans
From Banks		14.400
Short Term Borrowings
Working Capital Demand Loan		4922.000
Cash Credit		13067.670
Term Loans		2599.430
Total	NA	20821.250

Notes:

LONG TERM BORROWINGS

11.95% Redeemable Non-convertible Debentures

· Debentures numbering to 1,000 having a face value of Rs.1 million each aggregating to Rs.1000.000 million privately placed with Life Insurance Corporation of India on February 4, 2009. These are secured by first charge created in favour of IDBI Trusteeship Services Limited, trustees to the debenture holders

• by way of hypothecation of the Company’s movable properties specified in the Schedule-2 of Memorandum of Hypothecation dated April 25, 2009;

• first charge by way of equitable mortgage by deposit of title deeds of the Company’s immovable property situated at Gujarat as specified in first schedule to the Debenture Trust Deed dated April 23, 2009;

• equitable mortgage by deposit of title deeds of Company’s immovable properties situated at Hyderabad, Bangalore, Mumbai and New Delhi as specified in Schedule-A of Declaration and Undertaking dated April 25, 2009.

· These debentures are to be redeemed at par in 3 installments in the ratio of 25:25:50 commencing at the end of 3rd year from the date of allotment i.e., February 4, 2012 onwards.

· The debenture holders have consented for deferment of due date for final installment of H500.00 million from February 04, 2014 to September 30, 2014 with an increase in rate of interest by 25 basis points effective from February 04, 2014.

10.50% Redeemable Non-convertible Debentures

· Debentures numbering to 1,000 having a face value of H1 million each comprising of ten (10) Detachable and Separately Transferable, Redeemable Principal Parts (“STRPPS”) aggregating to H1,000 million privately placed during 2009-10 with various banks and financial institutions. These are secured by first charge created in favour of IDBI Trusteeship Services Limited, trustees to the debenture holders, by way of equitable mortgage of the title deeds in respect of the company’s immovable property situated at Kadi Taluka, Mehasana district, Gujarat as specified in the first schedule to the Debenture Trust Deed dated September 15, 2009 and by way of equitable mortgage by deposit of title deeds of the immovable properties of the Company and its subsidiary and its step-down subsidiaries, situated at Hyderabad as specified in Schedule-A to I of Declaration and Undertaking dated October 12, 2009.

· These debentures are to be redeemed at par in 3 installments in the ratio of 30:30:40 commencing at the end of 3rd year from the date of allotment i.e., July 24, 2012 onwards.

9.50 % Redeemable Non-Convertible Debentures

· Debentures numbering to 500 having face value of Rs.4 million each comprising of four (4) Detachable and Separately Transferable Redeemable principal parts (“STRPPS”) of face value of H1 million each aggregating to Rs.2000.0.00 million privately placed with ICICI Bank Limited.

· These Debentures are to be redeemed at par in four equated installments commencing at the end of second year from the date of allotment i.e. August 11, 2012 onwards.

Term Loans from Banks

· HDFC Bank and Indus Ind Bank Limited

• Secured by hypothecation of specific assets purchased out of the loan, comprising Plant and Machinery

· Standard Chartered Bank - Secured by hypothecation of specific assets, comprising Plant and Machinery

· Axis Bank Limited and Kotak Mahindra Bank

• Secured by hypothecation of specific assets purchased out of the loan

Vehicle loans

Vehicle loans are secured by hypothecation of the vehicles financed through the loan arrangements. Such loans are repayable in equal monthly installments over a period of 3 years and carry interest rate ranging between 9.49 % to 11.61 % per annum.

SHORT TERM BORROWINGS

Working Capital Demand Loans and Cash Credit facilities availed from consortium of banks are secured by:

a) Hypothecation against first charge on stocks, book debts, shares of NCC Infrastructure Holdings Limited and other current assets of the Company, (excluding specific projects) both present and future, ranking parri passu with consortium banks.

b) Hypothecation against first charge on unencumbered fixed assets of the Project Division and Light Engineering Division (excluding Land & Buildings) of the Company rank parri passu with consortium banks.

c) Equitable mortgage of three properties (Land & Buildings).

Secured - term loans from Banks:

a) Collateral security / First charge on immovable property and second charge on current assets of the company

The company availed short term loans from various banks having a maturity of less than one year and carry interest rate ranging between 12.50% to 14.00 % per annum.

Joint Statutory Auditors 1 :
Name :	M. Bhaskara Rao and Company Chartered Accountants
Address :	6-3-652 5-D, Fifth Floor, ‘KAUTILYA’, Amrutha Estates, Somajiguda, Hyderabad – 500082, Andhra Pradesh, India
Joint Statutory Auditors 2 :
Name :	Deloitte Haskins and Sells Chartered Accountants
Address :	1-8-384 and 385, 3rd Floor, Gowra Grand, Sardar Patel Road, Secunderabad – 500003, Andhra Pradesh, India
Subsidiaries (As on 31.03.2014) :	· NCC Infrastructure Holdings Limited · NCC Urban Infrastructure Limited · NCC Vizag Urban Infrastructure Limited · Nagarjuna Construction Co. Limited and Partners LLC · OB Infrastructure Limited · NCC Infrastructure Holdings Mauritius Pte. Limited · Nagarjuna Construction Company International LLC · Nagarjuna Contracting Co .LLC · Patnitop Ropeway and Resorts Limited · Western UP Tollway Limited · Vaidehi Avenues Limited) · NCC International Convention Centre Limited · NCC Oil and Gas Limited. · Nagarjuna Construction Company (Kenya) Limited · Naftagaz Engineering Private Limited · NCC Power Projects (Sompeta) Private Limited* · Aster Rail Private Limited
Step-Down Subsidiaries (As on 31.03.2014) :	· Liquidity Limited · Dhatri Developers and Projects Private Limited · Sushanti Avenues Private Limited · Sushruta Real Estates Private Limited · PRG Estates Private Limited · Thrilekya Real Estates Private Limited · Varma Infrastructure Private Limited · Nandyala Real Estates Private Limited · Kedarnath Real Estates Private Limited · AKHS Homes Private Limited · JIC Homes Private Limited · Sushanthi Housing Private Limited · CSVS Property Developers Private Limited · Vera Avenues Private Limited · Sri Raga Nivas Property Developers Private Limited · VSN Property Developers Private Limited · M A Property Developers Private Limited · Vara Infrastructure Private Limited · Sri Raga Nivas Ventures Private Limited · Mallelavanam Property Developers Private Limited · Sradha Real Estates Private Limited · Siripada Homes Private Limited · NJC Avenues Private Limited · NCC Urban Lanka (Private) Limited · NCC WLL · Al Mubarakia Contracting Company LLC · NCCA International Kuwait General Contracts Company LLC · Samashti Gas Energy Limited · NCC Infra Limited · NCC Urban Homes Private Limited · NCC Urban Ventures Private Limited · NCC Urban Meadows Private Limited · NCC Urban Villas Private Limited · Nagarjuna Suites Private Limited
Joint Ventures (As on 31.03.2014) :	· Brindavan Infrastructure Company Limited · Bangalore Elevated Tollway Limited · Pondicherry Tindivanam Tollway Limited · Varapradha Real Estates Private Limited · NCC - Himachal · NCC - NEC - Maytas · NCC – VEE · Premco – NCC · SDB-NCC-NEC · NCC-PNC · NCC – SJRIPL · NCC - MSKEL
Associates (As on 31.03.2014) :	· Paschal Form Work (I) Private Limited · Nagarjuna Facilities Management Services LLC · Himalayan Green Energy Private Limited · Jubilee Hills Landmark Projects Private Limited · Tellapur Technocity (Mauritius) · Tellapur Technocity Private Limited · Apollonius Coal and Energy Pte. Limited · NCC Power Projects Limited
Enterprises owned or significantly influenced by key management personnel or their relatives (As on 31.03.2014) :	· NCC Blue Water Products Limited · Swetha Estates · NCC Finance Limited · Sirisha Memorial Charitable Trust · Shyamala Agro Farms Private Limited · Ranga Agri Impex Private Limited · NCC Foundation · Sirisha Projects Private Limited · Ruthvik Estates Private Limited · Narasimha Developers Private Limited · Mihika Agro Farms Private Limited · Lalit Agro Farms Private Limited · Bhuvanesh Realtors Private Limited · Arnesh Ventures Private Limited · Suguna Estates Private Limited · AVSR Holdings Private Limited

CAPITAL STRUCTURE

AS ON 31.03.2015

Authorised Capital : Not Divulged

Issued, Subscribed & Paid-up Capital : Rs.1111.863 Million

Authorised Capital :

No. of Shares	Type	Value	Amount
300000000	Equity Shares	Rs.2/- each	Rs.600.000 Millions

Issued Capital :

No. of Shares	Type	Value	Amount
256833810	Equity Shares	Rs.2/- each	Rs.513.670 Millions

Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
256583810	Equity Shares	Rs.2/- each	Rs.513.170 Millions

a. Reconciliation of the number of equity shares and amount outstanding at beginning and at end of the year

Equity Shares	Number of Shares	Rs. In Millions
Shares outstanding at the beginning of the year	256583810	513.170
Shares issued during the year	--	--
Shares outstanding at the end of the year	256583810	513.170

b. Details of shares held by each shareholder holding more than 5% shares (excluding shares represented by underlying Global Depositary Receipts (GDRs))

Name of Shareholder	Number of Shares	% holding
Blackstone GPV Capital Partners Mauritius V-A Limited	25399699	9.90
Warhol Limited	25384700	9.89
A V S R Holdings Private Limited	24608266	9.59
Government Pension Fund Global	14147167	5.51

c. Details of unsubscribed equity shares

Equity Shares	Number of Shares	Rs. In Millions
Equity Shares of Rs. 2/- each	250000	0.500

d. Unclaimed equity shares of 97265 (31.03.2013: 97265) are held in “NCC Limited - Unclaimed suspense account “in trust.

e. Rights of the share holders

a) The equity shares of the company having par value of Rs.2 per share, rank pari passu in all respects including voting rights (except GDRs) and entitlement to dividend. Repayment of the capital in the event of winding up of the Company will inter alia be subject to the provisions of Companies Act 2013, the Articles of Association of the Company and as may be determined by the Company in General Meeting prior to such winding up.

39700 (31.03.2013: 39700) equity shares represent the shares underlying outstanding GDRs. Each GDR represent one underlying equity share having par value of Rs.2. The GDRs, rank pari passu in all respects with the equity shares issued by the Company, except in respect of voting rights.

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2015	31.03.2014	31.03.2013
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	1111.863	513.170	513.170
(b) Reserves & Surplus	30932.437	24689.560	24167.170
(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)	32044.300	25202.730	24680.340
(3) Non-Current Liabilities
(a) long-term borrowings	2625.090	732.150	1716.180
(b) Deferred tax liabilities (Net)	142.220	124.860	231.210
(c) Other long term liabilities	534.710	631.770	543.370
(d) long-term provisions	210.800	197.410	176.530
Total Non-current Liabilities (3)	3512.820	1686.190	2667.290
(4) Current Liabilities
(a) Short term borrowings	16626.910	22327.170	18842.600
(b) Trade payables	17655.560	15389.670	13989.990
(c) Other current liabilities	24152.840	26542.470	20696.670
(d) Short-term provisions	339.100	126.440	396.810
Total Current Liabilities (4)	58774.410	64385.750	53926.070
TOTAL	94331.530	91274.670	81273.700
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	6401.350	6866.690	7122.580
(ii) Intangible Assets	0.000	49.650	62.810
(iii) Capital work-in-progress	0.000	103.620	61.240
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	11567.750	11643.080	12536.230
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	1398.880	2564.460	3205.290
(e) Other Non-current assets	1475.990	1187.340	1502.790
Total Non-Current Assets	20843.970	22414.840	24490.940
(2) Current assets
(a) Current investments	0.034	0.030	0.030
(b) Inventories	18030.926	15987.500	14263.530
(c) Trade receivables	13632.230	13410.130	11429.520
(d) Cash and cash equivalents	1126.900	687.860	800.040
(e) Short-term loans and advances	27554.220	28174.770	21126.480
(f) Other current assets	13143.250	10599.540	9163.160
Total Current Assets	73487.560	68859.830	56782.760
TOTAL	94331.530	91274.670	81273.700

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2015	31.03.2014	31.03.2013
	SALES
		Income	82969.430	61173.020	57249.180
		Other Income	1950.740	1535.300	1258.890
		TOTAL (A)	84920.170	62708.320	58508.070
Less	EXPENSES
		Cost of Materials Consumed	45558.540	28682.830	22794.360
		Construction Expenses	7654.410	26649.390	27431.070
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(1029.140)	(2593.640)	(1997.060)
		Sub-contractor work bills	19279.650	0.000	0.000
		Employees benefits expense	2647.000	2403.920	2426.980
		Other expenses	2365.500	1981.940	1884.900
		TOTAL (B)	76475.960	57124.440	52540.250
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		8444.210	5583.880	5967.820
Less	FINANCIAL EXPENSES (D)		5735.590	4659.850	4070.380
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		2708.620	924.030	1897.440
Less	DEPRECIATION/ AMORTISATION (F)		1118.330	895.130	920.220
	PROFIT BEFORE TAX (E-F) (G)		1590.290	28.900	977.220
Less	TAX (H)		472.370	(376.250)	350.560
	PROFIT AFTER TAX (G-H) (I)		1117.920	405.150	626.660
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD			3136.170	2749.560
Less	APPROPRIATIONS
		Proposed Dividend at Rs.0.30 per share (15%)		51.320	76.970
		Dividend tax on Proposed dividend		8.720	13.080
		Transfer to General Reserve		150.000	150.000
	BALANCE CARRIED TO THE B/S		NA	3331.280	3136.170
	IMPORTS
		Material Purchases		286.180	89.220
		Capital Goods		73.430	191.720
	TOTAL IMPORTS		NA	359.610	280.940
	Earnings Per Share (Rs.)		2.56	1.58	2.44

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2015	31.03.2014	31.03.2013
Current Maturities of Long term debt	NA	1686.790	1691.310
Cash generated from operations	NA	3528.810	4269.980
Net cash flow from operating activities	NA	3698.850	3685.310

KEY RATIOS

PARTICULARS		31.03.2015	31.03.2014	31.03.2013
Net Profit Margin PAT / Sales	(%)	1.35	0.66	1.09
Operating Profit Margin (PBDIT/Sales)	(%)	10.18	9.13	10.42
Return on Total Assets (PBT/Total Assets)	(%)	1.92	0.04	1.42
Return on Investment (ROI) (PBT/Networth)		0.05	0.00	0.04
Debt Equity Ratio (Total Debt /Networth)		0.60	0.98	0.90
Current Ratio (Current Asset/Current Liability)		1.25	1.07	1.05

STOCK PRICES

Face Value	Rs.2.00/-
Market Value	Rs.82.20/-

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2013	31.03.2014	31.03.2015
	Rs. In Million	Rs. In Million	Rs. In Million
Share Capital	513.170	513.170	1111.863
Reserves & Surplus	24167.170	24689.560	30932.437
Net worth	24680.340	25202.730	32044.300
long-term borrowings	1716.180	732.150	2625.090
Short term borrowings	18842.600	22327.170	16626.910
Total borrowings	20558.780	23059.320	19252.000
Debt/Equity ratio	0.833	0.915	0.601

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2013	31.03.2014	31.03.2015
	Rs. In Million	Rs. In Million	Rs. In Million
Sales	57249.180	61173.020	82969.430
		6.854	35.631

NET PROFIT MARGIN

Net Profit Margin	31.03.2013	31.03.2014	31.03.2015
	Rs. In Million	Rs. In Million	Rs. In Million
Sales	57249.180	61173.020	82969.430
Profit	626.660	405.150	1117.920
	1.09%	0.66%	1.35%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check list by info agents	Available in Report (Yes/No)
1	Year of establishment	Yes
2	Constitution of the entity -Incorporation details	Yes
3	Locality of the entity	Yes
4	Premises details	No
5	Buyer visit details	--
6	Contact numbers	Yes
7	Name of the person contacted	No
8	Designation of contact person	No
9	Promoter’s background	Yes
10	Date of Birth of Proprietor / Partners / Directors	Yes
11	Pan Card No. of Proprietor / Partners	No
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)	No
16	No. of employees	No
17	Details of sister concerns	Yes
18	Major suppliers	No
19	Major customers	No
20	Banking Details	Yes
21	Banking facility details	Yes
22	Conduct of the banking account	--
23	Financials, if provided	Yes
24	Capital in the business	Yes
25	Last accounts filed at ROC, if applicable	Yes
26	Turnover of firm for last 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	No
35	Negative Reporting by Auditors in the Annual Report	No

LITIGATION DETAILS:

CASE STATUS INFORMATION SYSTEM

ARBAPPL 134 / 2014

ARBAPPLSR 5864 / 2014

CASE IS:PENDING

PETITIONER		RESPONDENT
M/S RAJA RAJESWARI CONSTRUCTIONS (INDIA) PVT. LTD., HYD	VS	M/S NCC LIMITED, HYD
PET.ADV. : RAJU		RESP.ADV. : GANDHAM DURGA BOSE
SUBJECT: ARBITRATION APLICATION		DISTRICT:  HYDERABAD

FILING DATE:  04-09-2014	POSTING STAGE :  FOR ADMISSION & HEARING
REG. DATE    :   10-09-2014	LISTING DATE :  19-06-2015	STATUS   :  NOTICES

HON'BLE JUDGE(S):

DILIP B. BHOSALE

UNSECURED LOAN:

Particulars	31.03.2015 Rs. In Million	31.03.2014 Rs. In Million
Long Term Borrowings
9.50% Redeemable, Non-convertible Debentures		500.000
SHORT TERM BORROWINGS
Term Loans
From Banks		1438.070
From Others		300.000
Total	NA	2238.070
Notes: SHORT TERM BORROWINGS Unsecured - term loans from Banks: a) Includes an amount of Rs.948.07 million (31.03.2013: Rs.1128.070 million) availed from Standard Chartered Bank under retention money discounting facility. b) The company availed short term loans from various banks having a maturity of less than one year and carry interest rate ranging between 12.50% to 13.05% per annum. Unsecured - term loans from others: having a maturity of less than one year and carry interest rate of 12.00 % per annum

INDEX OF CHARGE:

Sr. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10518102	16/08/2014	6,277,800.00	SREI EQUIPMENT FINANCE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA	C19219872
2	10518960	31/07/2014	500,000,000.00	THE KARUR VYSYA BANK LIMITED	5-2-176, RASHTRAPATHI ROAD, SECUNDERABAD, HYDERABAD, TELANGANA - 500003, INDIA	C19850858
3	10519199	24/07/2014	500,000,000.00	ANDHRA BANK	SOMAJIGUDA BRANCH, 6-3-352/2, UPPE GROUND FLOOR, ASTRAL HEIGHTS, ROAD NO.1, BANJARA HILLS, HYDERABAD, TELANGANA - 500034, INDIA	C19990803
4	10519539	23/07/2014	1,000,000,000.00	SBICAP TRUSTEE COMPANY LIMITED	202, MAKER TOWER, 'E', CUFFE PARADE,, COLABA,, MUMBAI, MAHARASHTRA - 400005, INDIA	C20269684
5	10513047	12/06/2014	490,000,000.00	DBS BANK LTD	SALARPURIA WINDSOR, 3 ULSOOR ROAD, BANGALORE, KARNATAKA - 560042, INDIA	C15133184
6	10503072	23/05/2014	9,590,000,000.00	SYNDICATE BANK	8-2-577, ROAD NO.7, BANJARA HILLS BRANCH, HYDERABAD, ANDHRA PRADESH - 500034, INDIA	C06652002
7	10491396	25/04/2014 *	500,000,000.00	LAKSHMI VILAS BANK LIMITED	2B&2C ADITYA TRADE CENTRE, AMEERPET BRANCH, HYDERABAD, TELANGANA - 500016, INDIA	C05393657
8	10481985	09/04/2014 *	530,000,000.00	STATE BANK OF INDIA	CAG BRANCH, "OZONE, 2ND FLOOR, PUNJAGUTTA MAIN ROAD, HYDERABAD, ANDHRA PRADESH - 500082, INDIA	C03979747
9	10479108	31/01/2014	30,909,857.00	TATA CAPITAL FINANCIAL SERVICES LIMITED	ONE FORBES,, DR. V. B. GANDHI MARG, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA	B97005276
10	10472445	31/12/2013	5,484,297.00	TATA CAPITAL FINANCIAL SERVICES LIMITED	ONE FORBES,, DR. V. B. GANDHI MARG, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA	B94335239
11	10472447	30/12/2013	1,447,778.00	TATA CAPITAL FINANCIAL SERVICES LIMITED	ONE FORBES,, DR. V. B. GANDHI MARG, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA	B94335536
12	10471761	23/12/2013	600,000,000.00	VIJAYA BANK	SOMAJIGUDA BRANCH, OPP. C E OFFICE PWD, ERRAMANZIL, HYDERABAD, ANDHRA PRADESH - 500082, INDIA	B94087517
13	10464214	13/11/2013	3,094,394.00	TATA CAPITAL FINANCIAL SERVICES LIMITED	ONE FORBES,, DR. V. B. GANDHI MARG, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA	B91133918
14	10464209	12/11/2013	3,094,394.00	TATA CAPITAL FINANCIAL SERVICES LIMITED	ONE FORBES,, DR. V. B. GANDHI MARG, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA	B91133280
15	10456485	01/10/2013	9,282,600.00	SREI EQUIPMENT FINANCE PRIVATE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA	B88126271
16	10447361	13/08/2013	1,000,000,000.00	SYNDICATE BANK	8-2-577, ROAD NO.7, BANJARA HILLS, HYDERABAD, ANDHRA PRADESH - 500034, INDIA	B84200682
17	10437207	19/06/2013	500,000,000.00	ING VYSYA BANK LIMITED	1-7-1, T.SUBBARAMI REDDY COMPLEX, SARDAR PATEL ROAD,, SECUNDERABAD, ANDHRA PRADESH - 500003, INDIA	B79765210
18	10430633	22/05/2013	55,600,000.00	SIEMENS FINANCIAL SERVICES PRIVATE LIMITED	130, PANDURANG BUDHKAR MARG,, WORLI, MUMBAI, MAHARASHTRA - 400018, INDIA	B76919554
19	10428454	22/05/2013	94,972,500.00	SHRIRAM EQUIPMENT FINANCE COMPANY LIMITED	MOOKAMBIKA COMPLEX, 3RD FLOOR, NO.4. LADY DESIKA ROAD, MYLAPORE,, CHENNAI, TAMIL NADU - 600004, INDIA	B75996744
20	10428605	03/04/2013	4,936,340.00	SREI EQUIPMENT FINANCE PRIVATE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA	B76037787
21	10428570	03/04/2013	30,000,000.00	SREI EQUIPMENT FINANCE PRIVATE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA	B76038603
22	10425537	22/03/2013	16,600,000.00	SREI EQUIPMENT FINANCE PRIVATE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA	B75074245
23	10395431	27/12/2012	1,500,000,000.00	SYNDICATE BANK	8-2-577, ROAD NO.7, BANJARA HILLS, HYDERABAD, ANDHRA PRADESH - 500082, INDIA	B65306037
24	10399551	11/12/2012	1,625,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA	B66349184
25	10378953	04/10/2012	80,944,000.00	L & T FINANCE LIMITED	L&T HOUSE,, BALLARD ESTATE,, MUMBAI, MAHARASHTRA - 400001, INDIA	B59058560
26	10385770	22/09/2012	808,500,000.00	THE ROYAL BANK OF SCOTLAND N. V.	GROUND &1ST FLOOR, STAMFORD PARK, ROAD NO.2, BANJARA HILLS, HYDERABAD, ANDHRA PRADESH - 500031, INDIA	B61844148
27	10377011	30/11/2012 *	1,000,000,000.00	VIJAYA BANK	SOMAJIGUDA BRANCH, OPP.C E OFFICE PWD,YERRAMANZIL , HYDERABAD, ANDHRA PRADESH - 500082, INDIA	B64760903
28	10374396	04/09/2012	4,990,000.00	L & T FINANCE LIMITED	L&T HOUSE,, BALLARD ESTATE,, MUMBAI, MAHARASHTRA - 400001, INDIA	B57232647
29	10373433	16/08/2012	1,206,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA	B56773930
30	10369344	07/08/2012	57,600,000.00	L & T FINANCE LIMITED	L&T HOUSE,, BALLARD ESTATE,, MUMBAI, MAHARASHTRA - 400001, INDIA	B45213741
31	10370419	23/07/2012	1,000,000,000.00	SYNDICATE BANK	8-2-577,ROAD NO.7, BANJARA HILLS, HYDERABAD, ANDHRA PRADESH - 500082, INDIA	B45635711
32	10359616	05/06/2012	11,935,780.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA	B41208778
33	10357833	23/05/2012	39,841,925.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA	B40492639
34	10348804	29/03/2012	54,438,750.00	AXIS BANK LIMITED	ASC CENTRE, 5-2-183/184, 3RD FLOOR, RP ROAD, SECU NDERABAD, ANDHRA PRADESH - 500003, INDIA	B37311586
35	10340805	01/02/2012	32,243,879.00	SREI EQUIPMENT FINANCE PRIVATE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA	B34424473
36	10329701	28/12/2011	1,500,000,000.00	IDBI BANK LIMITED	IDBI TOWERWTC COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA	B29868445
37	10298144	29/06/2011	184,000,000.00	EXPORT-IMPORT BANK OF INDIA	88/90, TEMPLE CHAMBERS, GROUND FLOOR,, 3-7 TEMPLE AVENUE, LONDON, - EC4YOHP, UNITED KINGDOM	B17190075
38	10290026	26/05/2011	40,000,000.00	KOTAK MAHINDRA BANK LIMITED	36-38A, NARIMAN BHAVAN, 227,D,, NARIMAN POINT,, MUMBAI, MAHARASHTRA - 400021, INDIA	B14217202
39	10282595	30/03/2011	235,000,000.00	EXPORT-IMPORT BANK OF INDIA	CENTRE ONE BUILDING, FLOOR 21, WORLD TRADE CENTRE COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA	B11518990
40	10274037	09/03/2011	1,740,000,000.00	STATE BANK OF INDIA	CORPORATE ACCOUNTS GROUP BRANCH-13039, "OZONE", 2ND FLOOR #6-3-669, PUNJAGUTTA MAIN ROAD, HYDERABAD ANDHRA PRADESH - 500082, INDIA	B08438749
31	10370419	23/07/2012	1,000,000,000.00	SYNDICATE BANK	8-2-577,ROAD NO.7, BANJARA HILLS, HYDERABAD, ANDHRA PRADESH - 500082, INDIA	B45635711
41	10273468	29/10/2010	2,000,000,000.00	IDBI TRUSTEESHIP SERVICES LIMITED	ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI MARG,, BA LLARD ESTATE,, MUMBAI, MAHARASHTRA - 400001, INDIA	A98241425
42	10329784	30/09/2010	750,000,000.00	INDUSIND BANK LIMITED	2401 GEN THIMMAYYA ROAD, CONTONMENT, PUNE, MAHARASHTRA - 411001, INDIA	B26692640
43	10175965	12/10/2009 *	1,000,000,000.00	IDBI TRUSTEESHIP SERVICES LIMITED	ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI MARG, BALLARD ESTATE,, MUMBAI, MAHARASHTRA - 400001, INDIA	A71730410
44	10154137	06/12/2012 *	1,000,000,000.00	IDBI TRUSTEESHIP SERVICES LIMITED	ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI MARG, BALLARD ESTATE,, MUMBAI, MAHARASHTRA - 400001, INDIA	B63927586
45	10151574	11/03/2009	1,170,000,000.00	CANARA BANK	PRIME CORPORATE BRANCH, T S R COMPLEX, S P ROAD, SECUNDERABAD, ANDHRA PRADESH - 500003, INDIA	A59930297
46	10015614	30/06/2006	2,630,000,000.00	STANDARD CHARTERED BANK	6-3-1090, RAJBHAVAN ROAD, SOMAJIGUDA, HYDERABAD, ANDHRA PRADESH - 500082, INDIA	A02534915
47	80017523	12/09/2005	1,000,000,000.00	CANARA BANK	IFB, CHAKRAPANI ESTATE, 5-10-194, OPP POLICE CONT ROL ROOM, SAIFABAD, HYDERABAD, ANDHRA PRADESH - 500004, INDIA	-
48	80017370	02/08/2005	1,000,000,000.00	STATE BANK OF INDIA	BANK STREET, KOTI, HYDERABAD, ANDHRA PRADESH - 500001, INDIA	-
49	90259136	12/07/2005	37,000,000.00	ANDHRA PRADESH INDUSTRIAL DEVELOPMENT CORP. LTD;	PARISRAM BHAVANAM, BASHEERBAGH, HYDERABAD, ANDHRA PRADESH, INDIA	-
50	90259131	30/06/2005	1,000,000,000.00	ANDHRA BANK	DR. PATTABHI BHAVAN, SAIFABAD, HYDERABAD, ANDHRA PRADESH, INDIA	-
51	90259124	06/06/2005	750,000,000.00	STATE BANK OF HYDERABAD	FUNFOUDRY, KOTI, HYDERABAD, ANDHRA PRADESH, INDIA	-
52	80044918	03/12/2004	2,500,000,000.00	ICIC BANK LIMITED	ICICI BANK TOWERS, BEGUMPET, HYDERABAD, ANDHRA PRADESH - 500016, INDIA	-
53	90262484	28/06/2004	100,000,000.00	ICICI BANK LIMITED	ICICI TOWER, BEGUMPET, HYDERABAD, ANDHRA PRADESH, INDIA	-
54	90258988	07/06/2004 *	120,000,000.00	IDBI BANK LIMITED	MAHAVIR HOUSE, BASHEERBAGH SQUARE, HYDERABAD, ANDHRA PRADESH, INDIA	-
55	90258969	26/03/2004	50,000,000.00	INDUSIND BANK LIMITED	SECUNDERABAD BRANCH, SECUNDERABAD, ANDHRA PRADESH, INDIA	-
56	90262392	26/12/2003	1,000,000,000.00	ANDHRA BANK	DR. PATTABHI BHAVAN, SAIFABAD, HYDERABAD, MAHARASHTRA, INDIA	-
57	90258930	08/12/2003	500,000,000.00	SYNDICATE BANK	BANJARA HILLS BRANCH, HYDERABAD, ANDHRA PRADESH, INDIA	-
58	90258914	25/10/2003	911,400,000.00	ANDHRA BANK	DR. PATTABHI BHAVAN, SAIFABAD, HYDERABAD, MAHARASHTRA, INDIA	-
59	90258904	22/09/2003	270,000,000.00	STATE BANK OF HYDERABAD	FUNFACTORY, HYDERABAD, ANDHRA PRADESH, INDIA	-
60	90258902	16/09/2003	120,000,000.00	IDBI BANK LIMITED	MAHAVIR HOUSE, BASHEERBAGH SQUARE, HYDERABAD, ANDHRA PRADESH, INDIA	-

*Date of modification Charges

FIXED ASSETS:

· Land – Freehold

· Buildings Own

· Given under operating lease

· Plant and Equipment

· Furniture and Fixtures

· Construction Vehicles

· Office Vehicles

· Office Equipment

· Lease Hold Improvements

· Construction Accessories

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.63.49
UK Pound	1	Rs.99.43
Euro	1	Rs.69.14

INFORMATION DETAILS

Information Gathered by :	PRT
Analysis Done by :	KAS
Report Prepared by :	NKT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILITY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	YES
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	YES
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		30

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.