MIRA INFORM REPORT

Report No. :	314910
Report Date :	30.03.2015

IDENTIFICATION DETAILS

Name :	CHHATRAPATI SAMBHAJI RAJE SAKHAR UDYOG LIMITED
Registered Office :	Din Dayal Nagar Chitepimpalgaon, Taluka and District Aurangabad - 431201, Maharashtra
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	06.04.2000
Com. Reg. No.:	11-125626
Capital Investment / Paid-up Capital :	Rs. 64.529 Millions
CIN No.: [Company Identification No.]	U15421MH2000PLC125626
TAN No.: [Tax Deduction & Collection Account No.]	NSKC01195F
PAN No.: [Permanent Account No.]	AABCC5358B
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Dealer in Sugar Mill.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

B (28)

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

Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. The rating is constrained on account of a loss incurred by the company during FY 2014. However, trade relations are reported as fair. Business is active. Payments terms are reported to be slow but correct. The company can be considered for business dealings 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 – December 31, 2014

Country Name	Previous Rating (30.09.2014)	Current Rating (31.12.2014)
India	A1	A1

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

EXTERNAL AGENCY RATING

Rating Agency Name	ICRA
Rating	Long term rating: “B+” (Suspended)
Rating Explanation	High risk of default
Date	September, 2014

Reason for Suspended: Inability to carry out rating in the absence of requisite information and from the company.

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 DECLINED BY

Name :	Mr. Shivaji Takale
Designation :	Finance Manager
Contact No.:	91-9049013555
Date :	28.03.2015

LOCATIONS

Registered Office :	Din Dayal Nagar Chitepimpalgaon, Taluka and District Aurangabad - 431201, Maharashtra, India
Tel. No. :	91-240-2643619/ 2643843/ 2643841
Mobile No. :	91-9049013555 (Mr. Shivaji Takale)
Fax No. :	91-240-2643844/ 2643619
E-Mail :	sambhajisugar@gmail.com info@sambhajisugar.com dignedb_fca@yahoo.co.in
Website :	www.sambhajisugar.com

DIRECTORS

As on 24.09.2013

Name :

Mr. Haribhau Kisanrao Bagde

Designation :

Managing Director

Address :

H. No 5-6-73/P, Osmanpura, Aurangabad - 431005, Maharashtra, India

Date of Birth/Age :

17.08.1945

Qualification :

SSC

Date of Appointment :

25.09.2012

DIN No. :

01899559

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	Company/ LLP Status	Defaulting status
1	U15421MH2000PLC125626	CHHATRAPATI SAMBHAJI RAJE SAKHAR UDYOG LIMITED	Managing director	25-09-2012	06-04-2000	Active	NO
2	U22210MH2009PTC191149	RAJE SAMBHAJI MEDIA PRIVATE LIMITED	Director	23-03-2009	23-03-2009	Active	NO

Name :

Mr. Damodhar Haribhau Navpute

Designation :

Director

Address :

N-4 E-41 Cidco, Aurangabad - 431001, Maharashtra, India

Date of Birth/Age :

05.03.1954

Qualification :

BA

Date of Appointment :

29.04.2007

DIN No. :

01899571

Name :

Mr. Vivek Shankar Deshpande

Designation :

Director

Address :

53/54 Bharadwaj Aditya Nagar, Aurangabad - 431005, Maharashtra, India

Date of Birth/Age :

22.04.1961

Qualification :

B.E. Electrical

Date of Appointment :

06.04.2000

DIN No. :

00119527

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	U49200MH1996PTC097879	RUDRANEE CONSTRUCTIONS AND CONTRACTORS PRIVATE LIMITED	Director	06-03-1996	06-03-1996	-	Active	NO
2	U29130MH1988PTC046951	MARATHWADA AUTO COMPO PRIVATE LIMITED	Director	23-08-1997	23-08-1997	11-03-2008	Active	NO
3	U72300MH1999PLC118400	RUDRANEE INFOTECH LIMITED	Director	17-02-1999	17-02-1999	-	Active	NO
4	U15421MH2000PLC125626	CHHATRAPATI SAMBHAJI RAJE SAKHAR UDYOG LIMITED	Director	06-04-2000	06-04-2000	-	Active	NO
5	U45203MH2004PTC147892	MALEGAON MANMAD KOPARGAON INFRASTRUCTURE AND TOLL ROAD PRIVATE LIMITED	Director	09-08-2004	09-08-2004	31-08-2007	Active	NO
6	U45209PN2006PLC128709	RUDRANEE INFRASTRUCTURE LIMITED	Managing director	06-08-2009	07-07-2006	-	Active	NO
7	U45203MH2008PTC183132	JAGPRAYAG INFRASTRUCTURES PRIVATE LIMITED	Director	04-06-2008	04-06-2008	-	Active	NO

Name :

Hiroo Chimandas Gursahani

Designation :

Director

Address :

Plot No. 107, Tirupati Park, Gurusahani Nagar, N-4, CIDCO, Aurangabad - 431003, Maharashtra, India

Date of Birth/Age :

19.05.1954

Qualification :

PHD

Date of Appointment :

29.04.2007

DIN No. :

00916654

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	U74999MH1949PLC010778	DECCAN FLOUR MILLS LIMITED	Director	21-09-2004	21-09-2004	19-03-2009	Active	NO
2	U15421MH2000PLC125626	CHHATRAPATI SAMBHAJI RAJE SAKHAR UDYOG LIMITED	Director	29-04-2007	29-04-2007	-	Active	NO
3	AAB-9155	BALAJI ELITE LAND DEVELOPERS LLP	Designated Partner	06-12-2013	06-12-2013	-	Active	NO

Name :

Mr. Hemant Anantrao Joshi

Designation :

Director

Address :

Jnyandeep 110 New Osmanapur, Aurangabad - 431001, Maharashtra, India

Date of Birth/Age :

28.01.1959

Qualification :

B. Tech

Date of Appointment :

29.09.2001

DIN No. :

01801943

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	U28112MH2000PTC252334	PRECISION PRESS FABRICON PRIVATE LIMITED	Director	10-05-2000	10-05-2000	22-01-2010	Active	NO
2	U15421MH2000PLC125626	CHHATRAPATI SAMBHAJI RAJE SAKHAR UDYOG LIMITED	Director	29-09-2001	29-09-2001	-	Active	NO
3	U17121MH2000PTC128633	DASH ENTERPRISES PRIVATE LIMITED	Director	01-10-2002	01-10-2002	02-08-2007	Active	NO
4	U28990MH2003PTC139632	TEJAS PRESS METAL WORKS PRIVATE LIMITED	Director	19-03-2003	19-03-2003	-	Active	YES
5	U45202MH2008PTC178936	DEITY CONSTRUCTIONS PRIVATE LIMITED	Director	15-02-2008	15-02-2008	-	Active	NO
6	U51504MH2008PTC186628	METOFAB MANUFACTURING PRIVATE LIMITED	Director	10-09-2008	10-09-2008	-	Active	NO

Name :

Mr. Vithalrao Rangnathrao Ambarwadikar

Designation :

Director

Address :

P.No.196, Samarth Nagar, Aurangabad - 431001, Maharashtra, India

Date of Birth/Age :

02.06.1945

Qualification :

MSC AGRI

Date of Appointment :

25.09.2012

DIN No. :

01826055

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	Company/ LLP Status	Defaulting status
1	U15421MH2000PLC125626	CHHATRAPATI SAMBHAJI RAJE SAKHAR UDYOG LIMITED	Director	25-09-2012	29-04-2007	Active	NO
2	U15421MH2008PLC179413	CHANDRABHAGA SAKHAR KARKHANA LIMITED	Director	25-02-2008	25-02-2008	Active	NO
3	U55204MH2008PTC181942	AMBARWADIKAR INDUSTRIES PRIVATE LIMITED	Director	06-05-2008	06-05-2008	Active	NO
4	U45202MH2008PLC184860	AMBARWADIKAR INFRASTRUCTURE LIMITED	Director	21-07-2008	21-07-2008	Active	NO
5	U22210MH2009PTC191149	RAJE SAMBHAJI MEDIA PRIVATE LIMITED	Director	16-06-2009	16-06-2009	Active	NO
6	U45400MH2013PTC250678	AMBARWADIKAR AND CO PRIVATE LIMITED	Director	03-12-2013	03-12-2013	Active	NO
7	U80904MH2015NPL262249	SAI SHIKSHAN FOUNDATION	Managing director	25-02-2015	25-02-2015	Active	NO

Name :

Mr. Tukaram Tatyarao Autade

Designation :

Director

Address :

Opposite Vitthal Rukhmani Mandir Harsool, Harsool, Aurangabad - 431008, Maharashtra, India

Date of Birth/Age :

04.05.1942

Qualification :

4th Class

Date of Appointment :

05.06.2000

DIN No. :

05307401

Name :

Mr. Harishchandra Pandurang Lahane

Designation :

Director

Address :

Gharegaon, Taluka and District Aurangabad, Aurangabad - 431201, Maharashtra, India

Date of Birth/Age :

15.06.1946

Qualification :

4^th Class

Date of Appointment :

25.09.2012

DIN No. :

06434276

Name :

Mr. Ravi Mahoharrao Dashtewar

Designation :

Director

Address :

31, Rajnagar, Station Road, Aurangabad – 431001, Maharashtra, India

Date of Birth/Age :

01.6.1965

Date of Appointment :

06.04.2000

KEY EXECUTIVES

Name :	Mr. Shivaji Takale
Designation :	Finance Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 24.09.2013

NOTE: SHAREHOLDING DETAILS FILE ATTACHED.

As on 24.09.2013

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Directors or relatives of Directors	14.00
Others	86.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Dealer in Sugar Mill.

Products :

Item Code No. (ITC Code)	Product Description
99881640	Sugar Industry

Brand Names :

--

Agencies Held :

--

Exports :

--

Imports :

--

Terms :

--

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference:	Not Divulged
Name of the Person (with Designation):	Not Divulged
Contact Number:	Not Divulged
Since How Long Known:	Not Divulged
Maximum Limit Dealt:	Not Divulged
Experience :	Not Divulged
Remarks :	Not Divulged

Customers :

Reference:	Not Divulged
Name of the Person (with Designation):	Not Divulged
Contact Number:	Not Divulged
Since How Long Known:	Not Divulged
Maximum Limit Dealt:	Not Divulged
Experience :	Not Divulged
Remarks :	Not Divulged

No. of Employees :

Not Divulged

Bankers :

Bank Name:	Not Divulged
Branch:	Not Divulged
Name of the Person (with Designation):	Not Divulged
Contact Number:	Not Divulged
Name of Account Holder:	Not Divulged
Account Number:	Not Divulged
Account Since (Date/ Year of A/c Opening):	Not Divulged
Average Balance Maintained (Optional):	Not Divulged
Credit Facilities Enjoyed (CC/OD/Term Loan):	Not Divulged
Account Operation:	Not Divulged
Remarks: Not Divulged

· The Nasik Merchant's Co-Operative Bank Limited, A-16, Industrial Area, Padmashree Babubhai Rathi Chowk, Satpur, Nasik - 431007, Maharashtra, India

· Deorigi Nagari Sahakari Bank Limited, Aurangabad, Maharashtra, India

· Maharashtra Gramin Bank, Chtepimpalgaon, Aurangabad - 431007, Maharashtra, India

Facilities :

SECURED LOANS	31.03.2014 (Rs. In Millions)	31.03.2013 (Rs. In Millions)
LONG TERM BORROWINGS
Working capital loans from banks	46.038	0.000
SHORT TERM BORROWINGS
Loans repayable on demand from banks	281.144	511.218
Total	327.182	511.218

Banking Relations :	--
Financial Institution :	Buldana Urban Co-Operative Credit Society Limited, Jalna Road, Auragabad - 431005, Maharashtra, India
Auditors :
Name :	D B Doghe and Company Chartered Accountants
Address :	1st Floor ,Harshe Court Chintamani Colony B/H Satish Motors Aurangabad – 431001, Maharashtra, India
Income-tax PAN of auditor or auditor's firm :	AAPPD4952M
Memberships :	--
Collaborators :	--
Related Party :	Aishwarya Construction Co., Aurangabad

CAPITAL STRUCTURE

As on 27.09.2014

Authorised Capital : Rs. 100.000 Millions

Issued, Subscribed & Paid-up Capital : Rs. 64.743 Millions

As on 24.09.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
8,00,000	Equity Shares	Rs. 100/-	Rs. 80.000 Millions
2,00,000	Preference shares	Rs. 100/-	Rs. 20.000 Millions
	Total		Rs. 100.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
6,45,289	Equity Shares	Rs. 100/- each	Rs. 64.529 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	64.529	55.460	55.170
(b) Reserves & Surplus	4.902	20.884	20.293
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.155	3.896	3.645
Total Shareholders’ Funds (1) + (2)	69.586	80.240	79.108
(3) Non-Current Liabilities
(a) long-term borrowings	112.456	2.422	1.390
(b) Deferred tax liabilities (Net)	7.959	3.382	6.590
(c) Other long term liabilities	0.000	0.742	8.137
(d) long-term provisions	0.000	1.682	1.682
Total Non-current Liabilities (3)	120.415	8.228	17.799
(4) Current Liabilities
(a) Short term borrowings	425.911	651.058	235.999
(b) Trade payables	28.743	99.382	189.808
(c) Other current liabilities	24.308	131.571	16.178
(d) Short-term provisions	2.524	17.268	29.680
Total Current Liabilities (4)	481.486	899.279	471.665
TOTAL	671.487	987.747	568.572
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	160.957	163.155	109.857
(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	13.139	10.264	2.764
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	1.681	3.231	7.460
(e) Other Non-current assets	5.271	4.709	4.359
Total Non-Current Assets	181.048	181.359	124.440
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	456.065	573.415	387.818
(c) Trade receivables	11.126	12.316	1.303
(d) Cash and cash equivalents	2.387	41.721	9.608
(e) Short-term loans and advances	20.861	178.936	45.403
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	490.439	806.388	444.132
TOTAL	671.487	987.747	568.572

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	713.508	637.681	838.191
		Other Income	23.642	34.291	25.848
		TOTAL (A)	737.150	671.972	864.039
Less	EXPENSES
		Cost of Materials Consumed	476.083	625.550	595.966
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	124.683	(185.847)	(12.946)
		Employees benefits expense	29.644	29.464	31.171
		Other expenses	39.627	129.075	168.777
		TOTAL (B)	670.037	598.242	782.968
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		67.113	73.730	81.071
Less	FINANCIAL EXPENSES (D)		63.491	36.021	26.206
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		3.622	37.709	54.865
Less/ Add	DEPRECIATION/ AMORTISATION (F)		10.590	23.229	13.957
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)		(6.968)	14.480	40.908
Less	TAX (H)		4.577	12.889	18.251
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)		(11.545)	1.591	22.657
	Earnings / (Loss) Per Share (Rs.)		(17.89)	2.89	41.07

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT/Sales)	(%)	(1.62)	0.25	2.70
Operating Profit Margin (PBDIT/Sales)	(%)	9.41	11.56	9.67
Return on Total Assets (PBT/Total Assets}	(%)	(1.06)	1.48	7.23
Return on Investment (ROI) (PBT/Networth)		(0.10)	0.18	0.52
Debt Equity Ratio (Total Debt/Networth)		7.74	8.14	3.00
Current Ratio (Current Asset/Current Liability)		1.02	0.90	0.94

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	55.170	55.460	64.529
Reserves & Surplus	20.293	20.884	4.902
Share Application money pending allotment	3.645	3.896	0.155
Net worth	79.108	80.240	69.586
long-term borrowings	1.390	2.422	112.456
Short term borrowings	235.999	651.058	425.911
Total borrowings	237.389	653.480	538.367
Debt/Equity ratio	3.001	8.144	7.737

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	838.191	637.681	713.508
		(23.922)	11.891

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	838.191	637.681	713.508
Profit	22.657	1.591	(11.545)
	2.70%	0.25%	(1.62%)

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	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10536598	06/12/2014	180,000,000.00	THE NASIK MERCHANT'S CO-OP BANK LIMITED	PLOT NO. A-16, INDUTRIAL AREA,LATE BABUBHAI RATHI, CHWOK, SUBHASHCHANDRA BOS MARG, SATPUR,, NASIK, MAHARASHTRA - 422007, INDIA	C36953933
2	10488258	24/03/2014	66,300,000.00	MAHARASHTRA GRAMIN BANK	MAHARASHTRA GRAMIN BANK, TALUKA AND DISTRIECT, AURANGABAD, MAHARASHTRA - 431007, INDIA	C02091841
3	10453474	14/10/2013	35,000,000.00	BULDANA URBAN CO-OP. CREDIT SOCIETY LIMITED	JALNA ROAD, AURAGABAD, MAHARASHTRA - 431005, INDIA	B86845807
4	10453031	11/10/2013	200,000,000.00	BULDANA URBAN CO-OP. CREDIT SOCIETY LIMITED	JALNA ROAD, AURANGABAD, MAHARASHTRA - 431005, INDIA	B86641685
5	10418586	28/02/2013	220,000,000.00	THE NASIK MERCHANT'S CO-OP. BANK LIMITED	A-16, INDUTRIAL AREA, PADMASHREE BABUBHAI RATHI CHOWK, SATPUR, NASIK, MAHARASHTRA - 431007, INDIA	B72847783
6	10274806	03/03/2015 *	233,000,000.00	MAHARASHTRA GRAMIN BANK	CHTEPIMPALGAON, AURANGABAD, MAHARASHTRA - 431007, INDIA	C47333471

* Date of charge modification

UNSECURED LOANS

PARTICULAR	31.03.2014 (Rs. In Millions)	31.03.2013 (Rs. In Millions)
LONG TERM BORROWINGS
Working capital loans from banks	66.418	2.422
SHORT TERM BORROWINGS
Other loans and advances, others	144.767	139.840
Total	211.185	142.262

CONTINGENT LIABILITIES:

PARTICULARS	31.03.2014 (Rs. In Millions)	31.03.2013 (Rs. In Millions)
a) Claims against the Company not acknowledged as debt	NIL	NIL
b) Uncalled liability on partly paid shares	NIL	NIL
c) Arrears of fixed cumulative dividends	NA	NA
d) Estimated amount of contracts remained to be executed on capital A/c and not provided for (net of advances)	NIL	NIL
e) Other money for which the Company is contingently liable.
i) In respect of Gram Panchayat Taxes outstanding as per demand notice.	0.937	0.793
ii) Water Charges Payable to Dept. of Irrigation, Aurangabad Divn.	0.354	0.763
iii) In respect of interest on term loans from banks under consortium, the Principal of which is fully paid.	4.097	4.097
iv) In respect of Guarantee given to Deogiri Nagari Sah. Bank for Loans to H & T Contractors	157.400	75.000

FIXED ASSETS

Tangible Assets

· Land

· Buildings

· Plant and Equipment

· Vehicles

· Motor Vehicles

· Office Equipment

· Computer Equipments

· Other Equipments

· Livestock

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.62.67
UK Pound	1	Rs.93.26
Euro	1	Rs.68.85

INFORMATION DETAILS

Information Gathered by :	NYA
Analysis Done by :	DIV
Report Prepared by :	MRI

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILITY	1~10	2
--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	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		28

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.