MIRA INFORM REPORT

Report No. :	325818
Report Date :	06.06.2015

IDENTIFICATION DETAILS

Name :	CEEBUILD COMPANY PRIVATE LIMITED

Registered Office :	23A, Netaji Subhash Road, 2^nd Floor, Room No.19 and 20, Kolkata – 700 001, West Bengal
Tel. No.:	91-33-40050058

Country :	India

Financials (as on) :	31.03.2014

Date of Incorporation :	22.09.1994

Com. Reg. No.:	21-065254

Capital Investment / Paid-up Capital :	Rs.46.641 million

CIN No.: [Company Identification No.]	U29256WB1994PTC065254

IEC No.:	Not Available

TAN No.: [Tax Deduction & Collection Account No.]	Not Available

PAN No.: [Permanent Account No.]	AABCC2884Q

Legal Form :	Private Limited Liability Company

Line of Business :	Manufacturer and Supplier of Overhead Transmission and Distribution Line Hardware and Steel Structural Fabricated Materials.

No. of Employees :	Information declined by the Management.

RATING & COMMENTS

MIRA’s Rating :

Ba (48)

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. Subject was incorporated in 1994. Subject is a manufacturer and supplier of overhead transmission and distribution line hardware and steel structural fabricated materials. Rating takes into consideration, good networth and profitability position of the company. Trade relations are fair. Business is active. Payment terms are reported to be usually correct. In view of extensive experience of promoters and established relationship with customers, the subject can be considered for business dealings at usual trade terms and conditions.

NOTES :

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

ECGC Country Risk Classification List – March 31, 2015

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

India

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	Not Available
Rating	Not Available
Rating Explanation	Not Available
Date	Not Available

RBI DEFAULTERS’ LIST STATUS

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

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

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

INFORMATION DECLINED BY

Name :	Mr. Sandeep Kabra
Designation :	Director
Contact No.:	91-9831015699

Name :	Mr. Ashok Agarwal
Designation :	Accountant
Contact No.:	91-33-40050058
Date :	04.06.2015

LOCATIONS

Registered Office :	23A, Netaji Subhash Road, 2^nd Floor, Room No.19 and 20, Kolkata – 700 001, West Bengal, India
Tel. No.:	91-33-40050058/ 22302052/ 22487074/ 30221119
Mobile No.:	91-9831015699 (Mr. Sandeep Kabra) 91-9830013679 (Mr. Ashok Agarwal)
Fax No.:	91-33-30221119/ 22304990
E-Mail :	kabrasandeep@yahoo.com info@ceebuild.com
Website :	www.ceebuild.com

Factory :	Mouza Jala Dhulagori, JL No.002, P.S. Sankrail, NH 6, Dhulagarh, Sankrail, Howrah, West Bengal, India

DIRECTORS

AS ON 30.09.2014

Name :

Mr. Sanjeev Kabra

Designation :

Director

Address :

5^th Floor, 5A, Chitralekha, 15 Ballygunj Park Road, Kolkata – 700 019, West Bengal, India

Date of Birth/Age :

03.07.1962

Date of Appointment :

22.09.1994

DIN No.:

00959932

PAN No.:

AEWPK5990D

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	U29256WB1994PTC065254	CEEBUILD COMPANY PRIVATE LIMITED	Director	22/09/1994	22/09/1994	-	Active	NO
2	U51909WB1993PTC061294	LPS ENGINEERING COMPANY PRIVATE LIMITED	Director	05/09/1997	05/09/1997	-	Active	NO
3	U25209WB1973PTC028797	SHIVON EPOXILITE PRIVATE LIMITED	Director	22/03/1999	22/03/1999	01/02/2010	Active	NO
4	U70101WB1981PTC034055	CRESCENT ESTATES PRIVATE LIMITED	Director	04/11/2006	04/11/2006	-	Active	NO
5	U74140WB2005PTC100973	PAWAN PUTRA ADVISORY SERVICES PRIVATE LIMITED	Director	21/02/2007	21/02/2007	-	Active	NO
6	U74900WB2008PTC124487	JR SALES AND SERVICES PRIVATE LIMITED	Director	26/03/2008	26/03/2008	31/03/2014	Active	NO
7	U27104OR1987PLC001824	KVR STEELS ORISSA LIMITED	Additional director	27/04/2009	27/04/2009	-	Active	NO
8	U28910WB2011PTC162146	CBC POWER INDUSTRIES PRIVATE LIMITED	Director	30/04/2011	30/04/2011	-	Active	NO

Name :

Mr. Sandeep Kabra

Designation :

Director

Address :

5^th Floor, 5A, Chitralekha, 15 Ballygunj Park Road, Kolkata – 700 019, West Bengal, India

Date of Birth/Age :

08.10.1965

Date of Appointment :

22.09.1994

DIN No.:

00960600

PAN No.:

AFWPK8858D

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	U29256WB1994PTC065254	CEEBUILD COMPANY PRIVATE LIMITED	Director	22/09/1994	22/09/1994	-	Active	NO
2	U70109WB1997PTC084807	KABRA MULTIPROJECTS PRIVATE LIMITED	Director	02/07/1997	02/07/1997	-	Active	NO
3	U55101WB2000PTC091379	SAISAN EATERIES PRIVATE LIMITED	Director	16/03/2000	16/03/2000	-	Strike off	NO
4	U70101WB1981PTC034055	CRESCENT ESTATES PRIVATE LIMITED	Director	04/11/2006	04/11/2006	-	Active	NO
5	U74140WB2005PTC100973	PAWAN PUTRA ADVISORY SERVICES PRIVATE LIMITED	Director	21/02/2007	21/02/2007	-	Active	NO
6	U74900WB2008PTC124487	JR SALES AND SERVICES PRIVATE LIMITED	Director	26/03/2008	26/03/2008	31/03/2014	Active	NO
7	U27104OR1987PLC001824	KVR STEELS ORISSA LIMITED	Additional director	27/04/2009	27/04/2009	-	Active	NO
8	U28910WB2011PTC162146	CBC POWER INDUSTRIES PRIVATE LIMITED	Director	30/04/2011	30/04/2011	-	Active	NO
9	U51109WB1998PTC087095	CHETAN MERCANTILES PRIVATE LIMITED	Additional director	30/10/2013	30/10/2013	-	Active	NO

Name :

Mrs. Shashi Kabra

Designation :

Director

Address :

5^th Floor, 5A, Chitralekha, 15 Ballygunj Park Road, Kolkata – 700 019, West Bengal, India

Date of Birth/Age :

05.08.1964

Date of Appointment :

22.09.1994

DIN No.:

01494672

PAN No.:

AFTPK1902M

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	U29256WB1994PTC065254	CEEBUILD COMPANY PRIVATE LIMITED	Director	22/09/1994	22/09/1994	-	Active	NO
2	U70101WB1981PTC034055	CRESCENT ESTATES PRIVATE LIMITED	Director	04/11/2006	04/11/2006	-	Active	NO
3	U25209WB1973PTC028797	SHIVON EPOXILITE PRIVATE LIMITED	Director	01/08/2012	01/08/2012	12/03/2014	Active	NO

KEY EXECUTIVES

Name :	Mr. Ashok Agarwal
Designation :	Accountant

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2014

Note:

Shareholding details file attached.

AS ON 30.09.2014

Equity Share Breakup		Percentage of Holding
Category
Bodies corporate		36.91
Directors or relatives of directors		54.64
Other top fifty shareholders		8.44
Others		0.01
		100.00

BUSINESS DETAILS

Line of Business :	Manufacturer and Supplier of Overhead Transmission and Distribution Line Hardware and Steel Structural Fabricated Materials.

Products :	Fabricated Structural Steel Items Hardware Fittings AB Cable Accessories Earthing Items Wires High Voltage Items Bolt and Nuts

Brand Names :	Not Available

Agencies Held :	Not Available

Exports :	Not Divulged

Imports :	Not Divulged

Terms :
Selling :	Not Divulged

Purchasing :	Not Divulged

PRODUCTION STATUS (AS ON 31.03.2014):

Particulars	31.03.2014 QTY (PCS)
Cross Arms / Earthing Coils / Guy Grips/GSS Wire etc.:
Licenced/Installed Capacity	Not Applicable
Production	5540.525 MT 471881 NOS. 66277 SETS

GENERAL INFORMATION

Suppliers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Payment Behaviour	Market Goodwill	Overall
Not Divulged	Not Divulged	Not Divulged

Remark:

Not Divulged

Customers :

Reference :

ABB

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Product Quality	Delivery Behaviour	Overall
Not Divulged	Not Divulged	Not Divulged

Remark:

Not Divulged

· AMR

· Aster

· Bajaj

· Larsen and Toubro Limited

· NHPC

· TATA Projects Limited

· KEC International Limited

· Kirloskar Brothers Limited

No. of Employees :

Information declined by the Management.

Bankers :

Banker Name	Allahabad Bank
Branch Address	88, B.K. Paul Avenue Branch, Kolkata – 700 005, West Bengal, India
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
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 Divulged

Facilities :

Secured Loan	31.03.2014 (Rs. in million)	31.03.2013 (Rs. in million)
LONG TERM BORROWINGS
Loans taken for vehicles	0.239	1.291
SHORT TERM BORROWINGS
Rupee term loans from banks	263.281	263.714
Total	263.520	265.005

Banking Relations :	--

Auditors :
Name :	T.N. Datta and Associates Chartered Accountants
Address :	87/B, Cossipore Road, Kolkata – 700 002, West Bengal, India
PAN N Income-tax PAN of auditor or auditor's firm :	AABCM7149L

Memberships :	Not Available

Collaborators :	Not Available

Enterprises over which Key Management Personnel /Share Holders/ Relatives Have Significant Influence :	Kabra Multiprojects Private Limited LPS Engineering Company Private Limited Pawanputra Advisory Services Private Limited Cresent Estates Private Limited Hind Trading Corporation J R Sales and Services Private Limited KVR Steels Orissa Limited CBC Power Industries Private Limited Chetan Mercantiles Private Limited

CAPITAL STRUCTURE

AS ON 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
300000	Equity Shares	Rs.10/- each	Rs.3.000 million
470000	Equity Shares	Rs.100/- each	Rs.47.000 million
	Total		Rs.50.000 million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
48060	Equity Shares	Rs.10/- each	Rs.0.481 million
461600	Equity Shares	Rs.100/- each	Rs.46.160 million
	Total		Rs.46.641 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	46.641	45.591	44.841
(b) Reserves & Surplus	106.635	99.146	72.124
(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)	153.276	144.737	116.965

(3) Non-Current Liabilities
(a) Long-term borrowings	79.656	51.264	19.435
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	3.500	76.736	356.759
(d) Long-term provisions	0.612	0.483	0.373
Total Non-current Liabilities (3)	83.768	128.483	376.567

(4) Current Liabilities
(a) Short term borrowings	263.281	263.714	246.810
(b) Trade payables	277.746	260.838	0.000
(c) Other current liabilities	71.519	43.560	42.876
(d) Short-term provisions	7.900	5.100	2.500
Total Current Liabilities (4)	620.446	573.212	292.186

TOTAL	857.490	846.432	785.718

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.000	0.000	16.320
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Tangible assets Capital work-in-progress	37.830	39.542	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	6.181	6.517	5.818
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000	0.245
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	44.011	46.059	22.383

(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	122.264	108.297	136.220
(c) Trade receivables	581.231	588.709	535.107
(d) Cash and cash equivalents	17.122	14.888	14.039
(e) Short-term loans and advances	92.862	88.479	77.969
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	813.479	800.373	763.335

TOTAL	857.490	846.432	785.718

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	NA	NA	NA
		Other Income	NA	NA	NA
		TOTAL	NA	NA	NA

Less	EXPENSES
		TOTAL	NA	NA	NA

	PROFIT/ (LOSS) FOR PERIOD		5.178	4.641	4.315

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars

31.03.2014

31.03.2013

31.03.2012

Current Maturities of Long term debt

Cash generated from operations

KEY RATIOS

PARTICULARS	31.03.2014	31.03.2013	31.03.2012
Debt Equity Ratio (Total Debt /Networth)	2.24	2.18	2.28

Current Ratio (Current Asset/Current Liability)	1.31	1.40	2.61

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	44.841	45.591	46.641
Reserves & Surplus	72.124	99.146	106.635
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	116.965	144.737	153.276

Long-term borrowings	19.435	51.264	79.656
Short term borrowings	246.810	263.714	263.281
Total borrowings	266.245	314.978	342.937
Debt/Equity ratio	2.276	2.176	2.237

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)	No
16	No. of employees	No
17	Details of sister concerns	Yes
18	Major suppliers	No
19	Major customers	Yes
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	No
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	No
32	Litigations that the firm/promoter involved in	--
33	Market information	--
34	Payments terms	No
35	Negative Reporting by Auditors in the Annual Report	No

UNSECURED LOAN

Particulars	31.03.2014 (Rs. in million)	31.03.2013 (Rs. in million)
LONG TERM BORROWINGS
Loans repayable on demand from others	8.000	6.520
Intercorporate borrowings	71.417	43.453
Total	79.417	49.973

INDEX OF CHARGES

S. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	90250578	10/09/2011 *	435,000,000.00	ALLAHABAD BANK	88, B.K. PAUL AVENUE, KOLKATA, WEST BENGAL – 700 005, INDIA	B21027289
2	90250443	06/02/2005 *	12,000,000.00	ALLAHBAD BANK	B K PAUL AVENUE BRANCH, KOLKATA, WEST BENGAL - 700 005, INDIA	-

* Date of charge modification

FIXED ASSETS

· Land

· Buildings

· Plant and Equipments

· Furniture and Fixtures

· Vehicles

· Computer Equipments

· Office 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.63.90
UK Pound	1	Rs.97.98
Euro	1	Rs.71.82

INFORMATION DETAILS

Information Gathered by :	NYA

Analysis Done by :	SAN

Report Prepared by :	SMN

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILITY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	5
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		48

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
--	NB	New Business	--

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.

MIRA INFORM REPORT

INDEX OF CHARGES

Unit