MIRA INFORM REPORT

Report No. :	329099
Report Date :	25.06.2015

IDENTIFICATION DETAILS

Name :	SATYAM CONCAST PRIVATE LIMITED (w.e.f 13.10.1993)
Formerly Known As :	SATYAM BUILDERS PRIVATE LIMITED
Registered Office :	126, Shiv Centre, Plot No.72, Sector-17, Vashi, Navi Mumbai – 400705, Maharashtra
Mobile No.:	91-9820330456 (Mr. Govind Jivrajbhai Vaghani)
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	06.05.1988
Com. Reg. No.:	11-047284
Capital Investment / Paid-up Capital :	Rs.68.717 Million
CIN No.: [Company Identification No.]	U99999MH1988PTC047284
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	MUMS05892F
PAN No.: [Permanent Account No.]	AABCS6574M
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is engaged into real estate agency.
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 a well-built company, established in the year 1988. It is a Real Estate Builders and Construction Company. It has a fine track record. For the financial year 2014, the company possesses a sound financial profile evident by healthy operational activity and it has reported decent sales volume as well as profitability margin of 5.30%. As per the available balance sheet, it is found that company has upstanding net worth position along comfortable liquidity profile and good trade receivables. Trade relations are reported as fair. Business is active. Payment terms are usually correct. In view of long term standing experience of the business and strong balance sheet profile, company 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.

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. Govind Jivrajbhai Vaghani
Designation :	Director
Contact No.:	91-9820330456
Date :	24.06.2015

LOCATIONS

Registered Office :	126, Shiv Centre, Plot No.72, Sector-17, Vashi, Navi Mumbai – 400705, Maharashtra, India
Tel. No.:	Not Available
Mobile No.:	91-9820330456 (Mr. Govind Jivrajbhai Vaghani)
Fax No.:	Not Available
E-Mail :	shirdipankaj@gmail.com

DIRECTORS

AS ON 30.09.2014

Name :	Mr. Govind Jivrajbhai Vaghani
Designation :	Director
Address :	C-6/5/2:2, Sector-6,, C.B.D. Belapur,, Mumbai - 400614, Maharashtra, India
Date of Birth/Age :	22.11.1962
Date of Appointment :	06.05.1988
DIN No.:	00098119
PAN No.:	AASPV8174F
Name :	Kirti Govindbhai Vaghani
Designation :	Director
Address :	2nd Floor, Plot No.16,, Sector-8a, C.B.D. Belapur,, Mumbai - 400614, Maharashtra, India
Date of Birth/Age :	03.03.1963
Date of Appointment :	01.01.1998
DIN No.:	00098233
PAN No.:	AAHPV8174F

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2014

Names of Shareholders	No. of Shares	%age holding
Govind Jivrajbhai Vaghani	140700	2.05
Himmat Jivrajbhai Vaghani	9700	0.14
Jivrajbhai Dhanjibhai Vaghani	5002710	72.80
Kirtiben Govind Vaghani	180000	2.62
Lavjibhai Jivrajbhai Vaghani	12200	0.18
Rahi Vaghani	1417000	20.62
Satyam B Vaghani	109400	1.59
Total	6871710	100.00

Equity Share Break up (Percentage of Total Equity)

AS ON 30.09.2014

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Subject is engaged into real estate agency.
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Divulged
Imports :	Not Divulged
Terms :	Not Divulged

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
Maximum Limit Dealt :	Not Divulged
Experience :	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
Maximum Limit Dealt :	Not Divulged
Experience :	Not Divulged
Remark:	Not Divulged

No. of Employees :

Information declined by the management

Bankers :

Banker Name	Not Divulged
Branch Address	Not Divulged
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 :

(Rs. In Million)

SECURED LOAN	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWING
Rupee term loans from banks	3.363	1.097
Deposits from others	0.100	0.000
Loans and advances from directors	18.502	56.685
Loans and advances from others	0.000	0.561
Total	21.965	58.343

Auditors :
Name :	Trivedi Rajendra Ramnaraya Chartered Accountant
Address :	708/709, The Commodity Exchange, Building, Plot No.2, 3, and 4, Sector-19, Vashi, Mumbai, Maharashtra, India
PAN N Income-tax PAN of auditor or auditor's firm :	AACPT0511H
Memberships :	--
Collaborators :	--
Associates/Subsidiaries :	--

CAPITAL STRUCTURE

AS ON 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
7000000	Equity Shares	Rs.10/- each	Rs. 70.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
6871710	Equity Shares	Rs.10/- each	Rs.68.717 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	68.717	68.717	68.717
(b) Reserves & Surplus	303.037	280.809	274.336
(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)	371.754	349.526	343.053
(3) Non-Current Liabilities
(a) long-term borrowings	21.965	58.343	25.868
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	21.965	58.343	25.868
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	90.201
(b) Trade payables	262.677	211.316	230.131
(c) Other current liabilities	2.960	3.783	0.575
(d) Short-term provisions	20.513	12.217	8.716
Total Current Liabilities (4)	286.150	227.316	329.623
TOTAL	679.869	635.185	698.544
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	119.344	208.003	304.267
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.001	0.001	0.001
(c) Deferred tax assets (net)	0.696	0.582	0.470
(d) Long-term Loan and Advances	20.935	13.211	1.360
(e) Other Non-current assets	0.122	0.129	0.136
Total Non-Current Assets	141.098	221.926	306.234
(2) Current assets
(a) Current investments	216.792	235.081	249.657
(b) Inventories	275.116	156.345	77.207
(c) Trade receivables	40.967	17.218	37.861
(d) Cash and cash equivalents	0.000	0.000	2.350
(e) Short-term loans and advances	5.000	4.673	24.926
(f) Other current assets	0.896	-0.058	0.309
Total Current Assets	538.771	413.259	392.310
TOTAL	679.869	635.185	698.544

PROFIT & LOSS ACCOUNT

PARTICULARS	31.03.2014
TURNOVER	15.752
PROFIT	3.310

	PARTICULARS	31.03.2013	31.03.2012
	SALES
	Income	3.715	15.752
	Other Income
	TOTAL	3.715	15.752
Less	EXPENSES	NA	NA
	PROFIT/ (LOSS) BEFORE TAX	NA	NA
Less	TAX	NA	NA
	PROFIT/ (LOSS) AFTER TAX	6.474	11.018
	Earnings / (Loss) Per Share (Rs.)	NA	NA

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	NA	NA	NA
Cash generated from operations	NA	NA	NA

KEY RATIOS

PARTICULARS	31.03.2014	31.03.2013	31.03.2012
Debt Equity Ratio (Total Debt /Networth)	0.06	0.17	0.34
Current Ratio (Current Asset/Current Liability)	1.88	1.82	1.19

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	68.717	68.717	68.717
Reserves & Surplus	274.336	280.809	303.037
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	343.053	349.526	371.754
long-term borrowings	25.868	58.343	21.965
Short term borrowings	90.201	0.000	0.000
Total borrowings	116.069	58.343	21.965
Debt/Equity ratio	0.338	0.167	0.059

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)
Total Income	15.752	3.715	62.509 (Turnover)
		(76.416)	1,582.611

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Total Income	15.752	3.715	62.509 (Turnover)
Profit	11.018	6.474	3.310
	69.95%	174.27%	5.30%

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	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	No
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	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

NOTE: Registered office of the company has been shifted from Block No. C-6/5, 22, Sector – 6, CBD/Belapur, Navi Mumbai, Maharashtra, India to the present address w.e.f. 11.08.2011

FINANCIAL RESULTS

The company has achieved a turnover of Rs.62.509 Million and has earned a profit of Rs.3.310 Million-

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	90361193	20/03/2001	1,200,000.00	THE FEDERAL BANK LTD.	NO. 51; SEC-*17. VASHI, MUMBAI, MAHARASHTRA, INDIA	-
2	90360427	18/07/1994 *	350,000.00	BANK OF INDIA	TURBHE BRANCH, AT& POST TURBH E; THANE, MUMBAI, M AHARASHTRA, INDIA	-

* Date of charge modification

CONTINGENT LIABILITIES: (AS ON 31.03.2014)

a) Guarantee given by Bank of India Turbhe Branch on behalf of the company for various purposes, outstanding on 31 st March 2014 for Rs NIL.

b) Counter guarantee have been given by all the directors of the company in the personal capacities in the favour of Bank of India, Turbhe against the guarantee mentioned above and other facilities sanctioned by Bank of India, Turbhe.

FIXED ASSETS

Tangible assets

• Land
• Plant and equipment
• Furniture and fixtures
• Vehicles
• Office equipment
• Computer 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.63.66
UK Pound	1	Rs.100.50
Euro	1	Rs.71.31

INFORMATION DETAILS

Information Gathered by :	DIP
Analysis Done by :	TRI
Report Prepared by :	KVT

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	NO
--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.