MIRA INFORM REPORT

Report No. :	309955
Report Date :	05.03.2015

IDENTIFICATION DETAILS

Name :	BMA STAINLESS LIMITED

Registered Office :	21A, Shakespeare Sarani, 10^th Floor, Flat No 10A, Kolkata – 700017,West Bengal – 700017

Country :	India

Financials (as on) :	31.03.2014

Date of Incorporation :	13.10.2003

Com. Reg. No.:	21-097108

Capital Investment / Paid-up Capital :	Rs. 262.100 Million

CIN No.: [Company Identification No.]	U27109WB2003PLC097108

IEC No.:	Not Available

TAN No.: [Tax Deduction & Collection Account No.]	CALB07531G

PAN No.: [Permanent Account No.]	AACCB2921L

Legal Form :	A Closely Held Public Limited Liability Company

Line of Business :	Manufacturer and Exporter of Stainless Steel and Allied Products.

No. of Employees :	Not Divulged

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

Maximum Credit Limit :	USD 1400000

Status :	Satisfactory

Payment Behaviour :	Usually correct

Litigation :	Clear

Comments :	Subject is an established company having satisfactory track record. Financial position of the company seems to be decent. Trade relations are reported as fair. Business is active. Payments terms are reported to be usually correct. The company can be considered normal 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 – December 31, 2014

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

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	CRISIL
Rating	Long Term Rating = BBB -
Rating Explanation	Have moderate degree of safety and carry moderate credit risk.
Date	02.09.2014

Rating Agency Name	CRISIL
Rating	Short Term Rating = A3
Rating Explanation	Have moderate degree of safety and carry higher credit risk.
Date	02.09.2014

RBI DEFAULTERS’ LIST STATUS

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

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2014.

INFORMATION DENIED BY

Name :	Mr. Chauhan
Designation :	Finance Head
Contact No.:	91-33-40112525
Date :	02.03.2015

LOCATIONS

Registered Office :	21A, Shakespeare Sarani, 10^th Floor, Flat No 10A, Kolkata – 700017,West Bengal – 700017, India
Tel. No.:	91-33-40112505
Mobile No.:	Not Available
Fax No.:	Not Available
E-Mail :	CAPTAIN@BMAIND.COM

Factory :	P O Kalyaneshwari – 713369, District – Burdwan, India
Tel. No.:	91-3412524301 – 302 / 6533001 – 002
Fax No.:	91-341-2524300 / 2531116
E-Mail :

DIRECTORS

As on : 30.09.2014

Name :

Mr. Prahlad Rai Agarwalla

Designation :

Director

Address :

P. O. – Salanpur, Kolkata – 713357, Burdwan, West Bengal, India

Date of Birth/Age :

25.02.1951

Date of Appointment :

12.04.2005

DIN No.:

00173801

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	U26921WB1927PLC161392	THE BEHAR POTTERIES LIMITED	Director	14/02/1987	14/02/1987	-	Active	NO
2	U36911WB1983PLC036229	SNOWTEX UDYOG LTD	Managing director	01/10/2011	01/04/1992	-	Active	NO
3	U15115WB1995PLC068612	PREMIUM MARINE PRODUCTS LTD	Director	23/02/1995	23/02/1995	15/01/2010	Active	NO
4	U27101WB1985PTC039654	BHAGWATI SYNDICATE PVT LTD	Director	21/02/2001	21/02/2001	-	Active	NO
5	U72300WB1995PTC071967	BMA TECHNOLOGIES PRIVATE LIMITED	Director	19/08/2002	19/08/2002	-	Active	NO
6	U52322WB1983PTC036775	SUMEE TRADING PVT LTD	Director	22/03/2004	22/03/2004	-	Active	NO
7	U27109WB2004PTC100153	BMA SINGHAL ISPAT UDYOG PRIVATE LIMITED	Director	15/10/2004	15/10/2004	-	Active	NO
8	U27109WB2003PLC097108	BMA STAINLESS LIMITED	Director	11/04/2005	11/04/2005	27/10/2014	Active	NO
9	U65999WB1985PTC038934	SATYEN FINANCE & INVESTMENT COMPANY PVT LTD	Director	01/03/2008	01/03/2008	-	Active	NO
10	U45209WB2009PTC134802	BMA PROPERTIES PRIVATE LIMITED	Director	29/04/2009	29/04/2009	-	Active	NO
11	U67120WB1993PLC057514	JYO BINA INVESTMENT LTD	Director	19/12/2009	19/12/2009	-	Active	NO
12	U17115WB1983PLC036833	JIBRALTER TRADERS LTD	Director	24/12/2009	24/12/2009	-	Active	NO
13	U65999WB1995PLC069089	SNOWTEX SECURITIES LIMITED	Director	28/06/2010	28/06/2010	-	Active	NO
14	U70200WB2010PTC143152	EAST WEST INFRA PROJECTS PRIVATE LIMITED	Director	10/01/2011	10/01/2011	-	Active	NO
15	U66000WB2011PTC164547	AB INSURANCE BROKERS PRIVATE LIMITED	Director	05/07/2011	05/07/2011	-	Active	NO
16	U51909WB2004PTC100280	ANUPAM VANIJYA PRIVATE LIMITED	Director	24/10/2011	24/10/2011	14/05/2012	Active	NO

Name :

Mr. Avinash Agarwalla

Designation :

Director

Address :

P. O. – Salanpur, Kolkata – 713357, Burdwan, West Bengal, India

Date of Birth/Age :

11.09.1978

Date of Appointment :

13.10.2003

DIN No.:

00339797

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	U36911WB1983PLC036229	SNOWTEX UDYOG LTD	Director	30/04/2002	30/04/2002	-	Active	NO
2	U72300WB1995PTC071967	BMA TECHNOLOGIES PRIVATE LIMITED	Director	09/09/2002	09/09/2002	-	Active	NO
3	U65910WB1996PTC079127	SHAKTI AUTO FINANCE PVT LTD	Director	20/12/2002	20/12/2002	-	Active	NO
4	U51909WB1985PTC039033	AAKLAVYA (INDIA)PVT LTD	Director	31/03/2003	31/03/2003	-	Active	NO
5	U51909WB1987PTC042230	DIPAJYOTI RESOURCES PVT LTD	Director	31/03/2003	31/03/2003	-	Active	NO
6	U27109WB2003PLC097108	BMA STAINLESS LIMITED	Director	13/10/2003	13/10/2003	-	Active	NO
7	U74999WB2004PLC100717	BMA WEALTH CREATORS LIMITED	Director	15/12/2004	15/12/2004	-	Active	NO
8	U74999WB2004PTC100716	BMA COMMODITIES PRIVATE LIMITED	Whole-time director	01/10/2010	15/12/2004	-	Active	NO
9	U65999WB1985PTC038934	SATYEN FINANCE & INVESTMENT COMPANY PVT LTD	Director	30/06/2005	30/06/2005	-	Active	NO
10	U27101WB2005PLC101037	BMA MAITHAN FERROUS LIMITED	Director	16/04/2007	16/04/2007	-	Active	NO
11	U27102WB2003PTC097129	VIJAYA SPONGE & ISPAT PRIVATE LIMITED	Director	26/09/2008	18/08/2007	17/01/2012	Active	NO
12	U21012WB1979PTC032249	SUMMIT PACKAGING PVT LTD	Director	29/08/2008	29/08/2008	-	Active	NO
13	U67200WB2008PTC131239	BMA INSURANCE BROKERS PRIVATE LIMITED	Director	15/12/2008	15/12/2008	23/02/2012	Active	NO
14	U74140WB1988PTC044368	H S CONSULTANCY PVT LTD	Director	17/02/2010	17/02/2010	-	Active	NO
15	U80220WB2010PTC151860	BMA WEALTH CREATORS ACADEMY PRIVATE LIMITED	Director	30/07/2010	30/07/2010	-	Active	NO
16	U65999WB1995PLC069089	SNOWTEX SECURITIES LIMITED	Director	10/09/2010	10/09/2010	-	Active	NO
17	U17299WB1992PTC055346	P V TEXTILES & FINANCE PVT LTD	Director	01/11/2010	01/11/2010	-	Active	NO
18	U51909WB2004PTC100280	ANUPAM VANIJYA PRIVATE LIMITED	Director	24/10/2011	24/10/2011	14/05/2012	Active	NO

Name :

Mr. Vijay Kumar Gupta

Designation :

Director

Address :

701 Red Creek Apartment West Block, Opposite – Harbour Park, Pandurangapuram, Vishakapatnam – 530003, Andhra Pradesh.

Date of Birth/Age :

06.01.1978

Date of Appointment :

01.04.2005

DIN No.:

00344683

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	U74899WB1995PLC154645	D K ISPAT AND TIMBER LIMITED	Director	17/10/1995	17/10/1995	-	Active	NO
2	U20100AP1992PTC015112	EVERGREEN VEENEERS PVT LTD	Director	11/02/2002	11/02/2002	-	Not Available for e Filing	NO
3	U36109DL2003PTC119261	GREEN INDUSTRIES PRIVATE LIMITED	Director	15/03/2003	15/03/2003	-	Active	NO
4	U20299DL2003PTC123486	EVERGREEN VENEERS PRIVATE LIMITED	Director	11/12/2003	11/12/2003	-	Active	NO
5	U27102OR2004PTC007574	SINGHAL SPONGE PRIVATE LIMITED	Director	16/04/2004	16/04/2004	31/03/2012	Active	NO
6	U27109WB2004PTC099315	USHA CONCAST PRIVATE LIMITED	Director	03/08/2004	03/08/2004	-	Active	NO
7	U27109WB2004PTC100153	BMA SINGHAL ISPAT UDYOG PRIVATE LIMITED	Director	15/10/2004	15/10/2004	-	Active	NO
8	U27109WB2003PLC097108	BMA STAINLESS LIMITED	Director	01/04/2005	01/04/2005	-	Active	NO
9	U70101WB2005PTC105925	USHA PROJECTS PRIVATE LIMITED	Director	18/10/2005	18/10/2005	-	Active	NO
10	U65992WB1999PTC145017	EVERGREEN STAINLESS PRIVATE LIMITED	Director	26/11/2007	26/11/2007	-	Active	NO
11	U40107WB2008PTC126621	BERRY ENERGY PRIVATE LIMITED	Director	16/06/2008	16/06/2008	-	Active	NO
12	U27310WB2008PTC124519	ROYALVALLEY ISPAT INDIA PRIVATE LIMITED	Director	17/07/2008	17/07/2008	-	Active	NO
13	U67120WB1994PTC066523	BALAJI STOCKBROKING & SERVICES PVT. LTD.	Director	22/08/2008	22/08/2008	21/05/2012	Active	NO
14	U27310WB2006PLC145016	BERRY ALLOYS LIMITED	Director	02/09/2008	02/09/2008	-	Active	NO
15	U74899DL1995PTC067857	D K FINVEST PRIVATE LIMITED	Director	01/02/2010	01/02/2010	-	Active	NO
16	U70200DL2011PTC212099	BERRY PROJECTS PRIVATE LIMITED	Director	03/01/2011	03/01/2011	-	Active	NO
17	U01404WB2011PTC157807	BERRY LOGISTICS PRIVATE LIMITED	Director	21/01/2011	21/01/2011	-	Active	NO

Name :

Mr. Dashrath Kumar Gupta

Designation :

Whole Time Director

Address :

102 Sithalaxmi Tower, Beside Tycoon Hotel, Pandurangapuram, Vishakapatnam – 530003, Andhra Pradesh

Date of Birth/Age :

07.08.1947

Date of Appointment :

01.10.2009

DIN No.:

01081173

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	U74899DL1995PTC066520	ROYAL CREDITS PRIVATE LIMITED	Director	20/03/1995	20/03/1995	01/10/2010	Active	NO
2	U74899DL1995PTC067857	D K FINVEST PRIVATE LIMITED	Director	26/04/1995	26/04/1995	-	Active	NO
3	U45200WB1995PTC188790	ROYALPREMIUM DEVELOPERS PRIVATE LIMITED	Director	25/05/1995	25/05/1995	-	Active	NO
4	U74899WB1995PTC152167	USHA BUILDTECH PRIVATE LIMITED	Director	26/09/1995	26/09/1995	-	Active	NO
5	U74899WB1995PLC154645	D K ISPAT AND TIMBER LIMITED	Director	17/10/1995	17/10/1995	-	Active	NO
6	U27102WB2003PTC097129	VIJAYA SPONGE & ISPAT PRIVATE LIMITED	Director	26/09/2008	18/08/2007	30/01/2012	Active	NO
7	U27109WB2003PLC097108	BMA STAINLESS LIMITED	Whole-time director	01/10/2009	02/05/2008	27/10/2014	Active	NO
8	U24222WB1993PTC059702	DISHA PAINT PVT. LTD.	Director	08/05/2008	08/05/2008	-	Active	NO
9	U70102WB1977PTC030958	RESCUWEAR (INDIA) PVT LTD	Additional director	09/09/2011	09/09/2011	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on : 30.09.2014

Names of Shareholders	No. of Shares
Prahlad Rai Agarwalla	16000
Shankar Lal Agarwalla	43000
Sarita Devi Agarwalla	2000
Avinash Agarwalla	1000
Rita Devi Agarwalla	27000
Siddhartha Shankar Agarwalla	5000
Jibralter Traders Limited.	1600000
Snowtex Investment Limited.	50000
Aklavya India Pvt. Limited	2300000
Anubhuti Gupta	100000
Bajrang Lal Prahlad Rai ( Huf )	100000
Dipajyoti Resources Private Limited	820000
D.K. Ispat & Timber Limited.	635000
H.S. Consultancy Private Limited.	1263500
Prahlad Rai Agarwalla (Huf)	20000
Pooja Gupta	90000
Saty En Finance & Investment Company Private Limited.	1100000
Seema Gupta	110000
Snowtex Securities Limited.	3650000
Subhas Chandra Agarwalla ( Huf )	100000
Subodh Agarwalla	130000
Summit Packaging Pvt. Limited.	970000
Sushila Devi Agarwalla	50000
Usha Concast Private Limited.	4410000
Vijay Gupta	200000
Disha Paint Pvt. Limited.	6385000
Bhagwati Syndicates Pvt. Limited.	660000
Usha Projects Pvt. Limited.	175000
Sudhanshu Agarwal	72500
Siddharth Agarwalla	125000
Ragini Merchants Private Limited	1000000

Equity Share Break up (Percentage of Total Equity)

Category	Percentage	%age
Bodies corporate	95.45	95.45
Directors or relatives of Directors	4.55	4.55
Total	100.00	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer and Exporter of Stainless Steel and Allied Products.

Products :	Not Available

Brand Names :	Not Available

Agencies Held :	Not Available

Exports :	Not Divulged

Imports :	Not Divulged

Terms :	Not Divulged

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

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

No. of Employees :

Not Divulged

Bankers :

Banker Name	UCO Bank (Leade Bank)
Branch Address	International Banking Branch, 2, India Exchange Place, Kolkata - 700001, 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

Banker Name	Bank of India
Branch Address	Dobson Lane Branch, P-4, Dobson Lane, Kolkata – 711101, West Bengal, India

Facilities :

(Rs. In Millions)

SECURED LOAN	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWING
Terms loans from banks	3.783	3.956
SHORT TERM BORROWING
Working capital loans from banks	224.358	263.117
Total	228.141	267.073

Auditors :
Name :	Sawaria Khaitan & Associates Chartered Accountant
Address :	1/1A, Vansittart Row1St Floor, Room No.-6, India
PAN No.:	AAIFS8727N

Memberships :	Not Available

Collaborators :	Not Available

Associates:	BMA Singhal Ispat Udyog Private Limited (CIN No : U27109WB2004PTC100153) Snowtex Udyog Limited (CIN No : U36911WB1983PLC036229) Dipajyoti Resources Private Limited (CIN No : U51909WB1987PTC042230) Berry Alloys Limited (CIN No : U27310WB2006PLC145016)

Sister Concern :	Not Available

CAPITAL STRUCTURE

As on : 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount

27000000	Equity Shares	Rs.10/- each	Rs.270.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

26210000	Equity Shares	Rs.10/- each	Rs.262.100 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

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	262.100	262.100	262.100
(b) Reserves & Surplus	230.680	175.393	124.552
(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)	492.780	437.493	386.652

(3) Non-Current Liabilities
(a) long-term borrowings	3.783	3.956	6.672
(b) Deferred tax liabilities (Net)	38.663	40.068	41.159
(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)	42.446	44.024	47.831

(4) Current Liabilities
(a) Short term borrowings	411.791	489.062	526.407
(b) Trade payables	332.862	437.995	320.849
(c) Other current liabilities	296.114	245.658	202.621
(d) Short-term provisions	14.889	20.568	10.241
Total Current Liabilities (4)	1055.656	1193.283	1060.118

TOTAL	1590.882	1674.800	1494.601

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	256.401	304.839	336.526
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	17.823	0.000	0.000
(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	0.000	0.000	0.000
(e) Other Non-current assets	0.000	0.070	0.140
Total Non-Current Assets	274.224	304.909	336.666

(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	423.438	408.705	273.989
(c) Trade receivables	629.411	670.165	588.954
(d) Cash and cash equivalents	86.392	55.063	51.984
(e) Short-term loans and advances	177.417	235.958	243.008
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	1316.658	1369.891	1157.935

TOTAL	1590.882	1674.800	1494.601

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	3065.377	2704.838	2542.718
		Other Income	19.360	6.704	5.593
		TOTAL	3084.737	2711.542	2548.311

Less	EXPENSES
		Cost of Materials Consumed	2088.431	2067.054	1909.429
		Purchases of Stock-in-Trade	135.622	0.000	0.000
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	58.337	-91.494	-28.572
		Employees benefits expense	20.016	14.524	12.004
		Other expenses	592.716	534.014	503.443
		TOTAL	2895.122	2524.098	2396.304

Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		189.615	187.444	152.007

Less	FINANCIAL EXPENSES		82.737	88.628	85.178

	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		106.878	98.816	66.829

Less/ Add	DEPRECIATION/ AMORTISATION		24.709	25.733	25.575

	PROFIT BEFORE TAX		82.169	73.083	41.254

Less	TAX		26.838	22.244	13.750

	PROFIT AFTER TAX		55.331	50.839	27.504

	Earnings Per Share (Rs.)		2.11	1.94	1.05

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT/Sales)	(%)	1.81	1.88	1.08

Operating Profit Margin (PBDIT / Sales)	(%)	6.19	6.93	5.98

Return on Total Assets (PBT/Total Assets}	(%)	5.22	4.36	2.76

Return on Investment (ROI) (PBT/Networth)		0.17	0.17	0.11

Debt Equity Ratio (Total Debt /Networth)		0.84	1.13	1.38

Current Ratio (Current Asset/Current Liability)		1.25	1.15	1.09

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	262.100	262.100	262.100
Reserves & Surplus	124.552	175.393	230.680
Net worth	386.652	437.493	492.780

long-term borrowings	6.672	3.956	3.783
Short term borrowings	526.407	489.062	411.791
Total borrowings	533.079	493.018	415.574
Debt/Equity ratio	1.379	1.127	0.843

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	2542.718	2704.838	3065.377
		6.376	13.329

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	2542.718	2704.838	3065.377
Profit	27.504	50.839	55.331
	1.08%	1.88%	1.81%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	No
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	----------------------
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	No
20]	Export / Import details (if applicable)	No
21]	Market information	----------------------
22]	Litigations that the firm / promoter involved in	----------------------
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	----------------------
26]	Buyer visit details	----------------------
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

Note : The registered address of the company has been shifted from F 3 Circular Mansion 222, AJC Bose road, Kolkata – 700017, Kolkata, West Bengal, India to the present address. (w.e.f. 16.11.2009)

UNSECURED LOAN

(Rs. In Million)

Particulars	As on 31.03.2014	As on 31.03.2013
SHORT TERM BORROWING
Intercorporate borrowings	187.433	225.945
Total	187.433	225.945

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10431815	12/06/2013	70,700,000.00	KOTAK MAHINDRA BANK LIMITED	36-38A, NARIMAN BHAVAN, 227,D,, NARIMAN POINT,, M UMBAI, Maharashtra - 400021, INDIA	B77404317
2	10203953	15/02/2010	362,036.00	BANK OF INDIA	DOBSON LANE BRANCH,, P-4, DOBSON LANE,, HOWRAH, W est Bengal - 711101, INDIA	A80279581
3	10161764	06/08/2013 *	585,000,000.00	UCO BANK (LEAD BANK)	INTERNATIONAL BANKING BRANCH, 2, INDIA EXCHANGE P LACE, KOLKATA, West Bengal - 700001, INDIA	B81445504
4	10161766	22/04/2014 *	605,000,000.00	UCO Bank	UCO BANK, 2, INDIA EXCHANGE PLACE, KOLKATA, West Bengal - 700001, INDIA	C02210110
5	10161765	25/05/2009	107,801,000.00	UCO BANK (LEAD BANK)	MID CORPORATE UNIT IB BRANCH, 4 & 4/1, RED CROSS PLACE, KOLKATA, West Bengal - 700001, INDIA	A63081285
6	10090226	25/02/2008	78,963,000.00	UCO BANK	INTERNATIONAL BANKING BRANCH (MID CORPORATE UNIT), 4 & 4/1, RED CROSS PLACE,, KOLKATA, West Bengal - 700001, INDIA	A33144601
7	10087536	21/04/2014 *	322,500,000.00	UCO Bank	UCO BANK, 2, INDIA EXCHANGE PLACE, KOLKATA, West Bengal - 700001, INDIA	C02209633
8	10057955	15/06/2007	30,000,000.00	BANK OF INDIA	ASANSOL BRANCH., 203, G.T.ROAD, EAST, POST BOX NO . 101,, ASANSOL, West Bengal - 713301, INDIA	A17818741
9	80024383	20/08/2010 *	294,100,000.00	BANK OF INDIA	DOBSON LANE BRANCH,, P-4, DOBSON LANE,, KOLKATA, West Bengal - 711101, INDIA	A93755767
10	90256769	22/02/2007 *	25,000,000.00	UCO BANK	G. T. ROAD,, ASANSOL, ASANSOL, West Bengal - 7133 01, INDIA	-

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

6] Records on Int’l Anti-Money Laundering Laws/Standards :

Charges or investigation registered against subject: None

7] Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

8] Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

9] Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

CONTRAVENTION

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.83
UK Pound	1	Rs.95.13
Euro	1	Rs.69.29

INFORMATION DETAILS

Information Gathered by :	GYT

Analysis Done by :	RSM

Report Prepared by :	RNK

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILITY	1~10	6
--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	YES
--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.

MIRA INFORM REPORT

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