MIRA INFORM REPORT

Report No. :	314929
Report Date :	30.03.2015

IDENTIFICATION DETAILS

Name :	SOMANY CERAMICS LIMITED (w.e.f. 2007)
Formerly Known As :	Somany Pilkington limited
Registered Office :	82/19, Bhakerwara Road, Mundka, New Delhi – 110041
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	20.01.1968
Com. Reg. No.:	55-005169
Capital Investment / Paid-up Capital :	Rs.77.690 Million
CIN No.: [Company Identification No.]	L40200dl1968plc005169
TIN No.:	Not Available
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	Not Available
Legal Form :	A Public Limited Liability Company. The Company’s Shares are Listed on the Stock Exchanges.
Line of Business :	Manufacturing of Ceramic Tiles and Allied Products.
No. of Employees :	Information denied by management

RATING & COMMENTS

MIRA’s Rating :

A (56)

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is an established company having fine track record. It has an established market position, as the third largest player in the domestic tiles industry. Management of the company has reported decent profitability during the financial year 2013-14. Financial position of the company seems to be sound. Trade relations are fair. Business is active. Payments are reported to be regular. The 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.

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	CRISIL
Rating	Long Term Rating = A
Rating Explanation	Adequate degree of safety and low credit risk
Date	September 2014

Rating Agency Name	CRISIL
Rating	Short Term Rating = A1
Rating Explanation	Very strong degree of safety and carry lowest credit risk
Date	September 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

Management Non Co-Operative (Tel No.: 91-79-27661104)

LOCATIONS

Registered Office :	82/19, Bhakerwara Road, Mundka, New Delhi – 110041, India
Tel No.:	91-11-28341085 / 28344382 / 28345049
Fax No.:	91-11-28345049
E-Mail :	ngoenka@somanyceramics.com samir@somanytiles.co.in marketing@somanyceramics.com
Website :	http://www.somanyceramics.com
Corporate Office :	302/303, Sakar – 1, Opposite Gandhigram Railway Station, Off Ashram Road, Ahmedabad – 380 009, Gujarat, India
Kadi Works / Marketing Office 1 / Regional Office :	14, G.I.D.C. Industrial Estate, District Mehsana, Kadi – 382715, Gujarat, India
Tel No.:	91-2764–242153 / 54 / 242630
Fax No.:	91-2764–242169 / 70 / 263011 / 326408
E-Mail :	marketing@splkadi.com spl.kadi@somanytiles.co.in
Kassar Works :	P.O. – Kassar, Bahadurgarh, District Jhajjar – 124507, Haryana, India
Tel No.:	91-1276-241001 to 0005
Fax No.:	91-1276-241006 / 1011
Branch Office:	33, Main Gale Road, IP Border Sahibabad, Ghaziabad, Uttar Pradesh, India
Marketing Office 2 :	F-36, Sector-6, Noida-201301, Uttar Pradesh, India
Tel No.:	91-120-4627900
Marketing Office 3 :	7-14, 4th Floor, AgrawallMall, S.G Road, Sola, Ahmedabad, Gujarat, India
Tel No.:	91-79-27661103
Regional Offices :	Located At · Delhi · Chandigarh · Jaipur · Rajasthan · Lucknow · Indore · Raipur · Dehradun · Ghaziabad · Kolkata · Patna · Guwahati · Bhubaneshwar · Mumbai · Pune · Nagpur · Chennai · Bangalore · Hyderabad · Cochin · Coimbatore
Depot/Warehouses:	Godown Area, Behind Mayur Hotel, Ambala - CHD Road, Village Pabhat, Zirakpur, Punjab, India Tel No.: 91-176 –2287554 Also Located at: Bangalore Calicut Chennai Cochin Coimbatore Delhi Ghaziabad Hubli Indore Jaipur Kolkata Lucknow Morbi Mumbai Pune Secunderabad Tuticorin

DIRECTORS

As on 31.03.2014

Name :

Mr. Shreekant Somany

Designation :

Managing Director

Address :

32, Friends Colony (East), New Delhi - 110020, India

Date of Appointment :

01.09.2014

DIN No.:

00021423

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	L40200DL1968PLC005169	SOMANY CERAMICS LIMITED	Managing director	01/09/2014	01/09/1992	-	Active	NO
2	U55101WB1979PLC032095	SR CONTINENTAL LIMITED	Director	24/12/1992	24/12/1992	-	Active	NO
3	U74999DL1990NPL038848	INDIAN COUNCIL OF CERAMIC TILES AND SANITARYWARE	Director	01/09/1995	01/09/1995	-	Active	NO
4	U51109WB1981PLC034233	SARVOTTAM VANIJYA LIMITED	Director	26/08/1998	26/08/1998	-	Active	NO
5	L27106HP1985PLC006378	COSMO FERRITES LIMITED	Director	22/09/2014	28/07/2000	-	Active	NO
6	L26943RJ1979PLC001935	SHREE CEMENT LIMITED	Director	20/10/2000	20/10/2000	-	Active	NO
7	U51909WB2004PTC100718	SCOPE VINIMOY PRIVATE LIMITED	Director	22/11/2006	22/11/2006	-	Active	NO
8	U51909DL2006PLC156990	SOMANY GLOBAL LIMITED	Director	26/12/2006	26/12/2006	-	Active	NO

Name :

Mr. Abhishek Somany

Designation :

Managing Director

Address :

32, Friends Colony (East), New Delhi - 110065, India

Date of Appointment :

01.06.2012

DIN No.:

00021448

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	U51109WB1981PLC034233	SARVOTTAM VANIJYA LIMITED	Director	28/08/1999	28/08/1999	-	Active	NO
2	L40200DL1968PLC005169	SOMANY CERAMICS LIMITED	Managing director	01/06/2012	03/09/2001	-	Active	NO
3	U72199WB2003PLC097012	BELVEDERE GARDENS LIMITED	Director	11/10/2003	11/10/2003	07/03/2009	Active	NO
4	U51909DL2006PLC156990	SOMANY GLOBAL LIMITED	Director	26/12/2006	26/12/2006	-	Active	NO
5	U93094DL2007PTC159142	SOMANY KERABEN PRIVATE LIMITED	Director	12/02/2007	12/02/2007	29/04/2007	Active	NO
6	U51909WB2004PTC100718	SCOPE VINIMOY PRIVATE LIMITED	Director	13/09/2010	25/05/2010	-	Active	NO
7	U93090DL1998NPL097629	YPO (DELHI CHAPTER) U/S25	Director	20/12/2013	08/07/2013	-	Active	NO

Name :

Mr. Salil Singhal

Designation :

Director

Address :

Singhal Farm House, Near Airforce Station, Rajokri, New Delhi - 110038, India

Date of Appointment :

04.09.2014

DIN No.:

00006629

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	L24211RJ1946PLC000469	PI INDUSTRIES LIMITED	Managing director	01/07/2013	10/03/1976	-	Active	NO
2	U24211DL1970NPL005200	CROP CARE FEDERATION OF INDIA	Director	03/08/1979	03/08/1979	05/12/2009	Active	NO
3	U29299RJ1971PLC001379	WOLKEM INDIA LIMITED	Director	10/09/2014	07/08/1979	-	Active	NO
4	U74899RJ1987PLC029106	SECURE METERS LIMITED	Director	29/12/1994	29/12/1994	-	Active	NO
5	U55101RJ1989PTC005105	HISTORIC RESORT HOTELS PRIVATE LIMITED	Director	27/09/1996	27/09/1996	-	Active	NO
6	U55101RJ1963PTC001158	THE LAKE PALACE HOTELS AND MOTELS PRIVATE LIMITED	Director	30/09/2000	30/09/2000	-	Active	NO
7	L40200DL1968PLC005169	SOMANY CERAMICS LIMITED	Director	04/09/2014	27/07/2002	-	Active	NO
8	U65990GJ1992PLC018163	PILL FINANCE AND INVESTMENTS LIMITED	Director	29/03/2004	29/03/2004	-	Active	NO
9	L31400WB1986PLC091621	USHA MARTIN LIMITED	Director	31/07/2014	12/05/2009	-	Active	NO

Name :

Mr. Girdhari Lal Sultania

Designation :

Director

Address :

2 Rowland Road, Kolkata - 700020, West Bengal, India

Date of Appointment :

04.09.2014

DIN No.:

00060931

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	U51109WB1981PLC034233	SARVOTTAM VANIJYA LIMITED	Director	26/10/1981	26/10/1981	-	Active	NO
2	U65993WB1980PLC033007	BHILWARA HOLDINGS LIMITED	Director	10/01/1983	10/01/1983	-	Active	NO
3	L51109WB1983PLC036899	SCHABLONA INDIA LIMITED.	Director	08/07/1985	08/07/1985	09/01/2014	Active	NO
4	L74140WB1990PLC049032	SKP SECURITIES LIMITED.	Director	01/05/1991	01/05/1991	26/06/2014	Active	NO
5	U55101WB1979PLC032095	SR CONTINENTAL LIMITED	Director	31/03/1994	31/03/1994	-	Active	NO
6	L15421WB1924PLC004929	THE UNITED PROVINCES SUGAR COMPANY LIMITED	Director	26/09/2014	19/01/1995	-	Active	NO
7	U65921WB1995PTC073004	RAIPUR AGROTECH PRIVATE LIMITED	Director	19/07/1995	19/07/1995	-	Active	NO
8	L40200DL1968PLC005169	SOMANY CERAMICS LIMITED	Director	04/09/2014	22/09/1997	-	Active	NO
9	L65993WB1980PLC032461	BIGOO INVESTMENTS LIMITED	Director	29/09/1997	29/09/1997	-	Amalgamated	NO
10	U51909WB1995PTC070143	TEXTOOL MERCANTILE PRIVATE LIMITED	Director	25/09/1998	25/09/1998	-	Active	NO
11	U51909WB1981PLC033353	PACO EXPORTS LIMITED	Director	30/09/1999	30/09/1999	-	Active	NO
12	U70101WB1959PTC012630	SOMANY PROPERTIES PRIVATE LIMITED	Director	15/09/2001	15/09/2001	10/11/2009	Active	NO
13	L51433WB1960PLC024539	HSIL LIMITED	Director	09/09/2006	09/09/2006	-	Active	NO
14	U51109WB2005PTC106306	ADARSH BARTER PRIVATE LIMITED	Director	28/09/2006	28/09/2006	-	Active	NO
15	U51109WB2005PTC106307	HINDWARE HOME RETAIL PRIVATE LIMITED	Director	28/09/2006	28/09/2006	21/11/2013	Active	NO
16	U51909WB2004PTC100718	SCOPE VINIMOY PRIVATE LIMITED	Director	29/09/2007	03/11/2006	-	Active	NO
17	U51909DL2006PLC156990	SOMANY GLOBAL LIMITED	Director	26/12/2006	26/12/2006	-	Active	NO
18	L65910DL1984PLC018749	SPA CAPITAL SERVICES LIMITED	Director	29/09/2007	31/01/2007	15/03/2012	Active	NO
19	U27107WB2008PLC129064	HSIL ASSOCIATES LIMITED	Director	04/09/2008	04/09/2008	09/11/2009	Active	NO
20	U65999WB1994PLC064358	KIRTIVARDHAN FINVEST SERVICES LIMITED	Director	16/07/2009	07/03/2009	20/07/2012	Active	NO
21	U70109WB2009PTC139696	LAKSHYA INFRASTRUCTURES PRIVATE LIMITED	Director	25/11/2009	25/11/2009	-	Active	NO
22	U80301MH2009PLC190813	NEW AGE KNOWLEDGE SOLUTIONS LIMITED	Director	30/09/2011	22/09/2010	15/03/2012	Active	NO
23	U45400WB2011PTC158817	ANAND APARTMENT MAINTENANCE PRIVATE LIMITED	Director	11/02/2011	11/02/2011	-	Active	NO
24	U25204WB1986PTC184599	GARDEN POLYMERS PRIVATE LIMITED	Director	29/09/2011	12/08/2011	-	Amalgamated	NO

Name :

Mr. Ravinder Nath

Designation :

Director

Address :

Maulseri House, 7, Kapashera Estate, Delhi - 110037, India

Date of Appointment :

04.09.2014

DIN No.:

00062186

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	U45201DL1981PTC012405	KADIMI CONSTRUCTION PRIVATE LIMITED	Director	26/09/1981	26/09/1981	-	Active	NO
2	U70109DL1997PTC086463	AGORA DEVELOPERS PRIVATE LIMITED	Director	04/04/1997	04/04/1997	-	Converted to LLP and dissolved	NO
3	U35991HR1997PTC037496	BMW INDIA PRIVATE LIMITED	Director	26/08/1997	26/08/1997	14/01/2008	Active	NO
4	U45202DL1997PTC088999	CITRON HOLDINGS PRIVATE LIMITED	Director	11/08/1998	11/08/1998	-	Converted to LLP and dissolved	NO
5	U67190DL1998PTC095718	RAJINDER NARAIN AND COMPANY CONSULTANTS PRIVATE LIMITED	Director	24/08/1998	24/08/1998	-	Converted to LLP and dissolved	NO
6	L74899HR1968PLC004895	VOITH PAPER FABRICS INDIA LIMITED	Director	24/10/1998	24/10/1998	-	Active	NO
7	U24231MH1999PTC119171	ZYDUS TAKEDA HEALTHCARE PRIVATE LIMITED	Director	28/04/1999	28/04/1999	10/09/2009	Active	NO
8	U72200DL2001PTC112486	KNOWCROSS SOLUTIONS PRIVATE LIMITED	Director	13/03/2002	13/03/2002	-	Active	NO
9	L24110WB1960PLC024910	KANORIA CHEMICALS & INDUSTRIES LIMITED	Director	05/09/2014	26/04/2002	-	Active	NO
10	U24239MH2003PTC148545	NYCOMED PHARMA PRIVATE LIMITED	Director	09/05/2003	09/05/2003	03/02/2009	Under liquidation	NO
11	L40200DL1968PLC005169	SOMANY CERAMICS LIMITED	Director	04/09/2014	26/09/2003	-	Active	NO
12	U29253RJ2006PTC026548	CLEAR EDGE FILTRATION INDIA PRIVATE LIMITED	Director	25/07/2006	25/07/2006	16/12/2006	Active	NO
13	U24132PN2007PTC132410	Reichhold India Private limited	Director	08/02/2007	08/02/2007	30/10/2008	Active	NO
14	U72100DL2007PTC160287	RNC IT SOLUTIONS PRIVATE LIMITED	Director	08/03/2007	08/03/2007	-	Strike off	NO
15	U74900WB2007PTC195256	INDIA RESOURCES MINING PRIVATE LIMITED	Director	05/07/2007	05/07/2007	27/06/2008	Active	NO
16	U15410DL2007PTC165878	JOSEF MARC SWISS BAKERS PRIVATE LIMITED.	Director	16/07/2007	16/07/2007	30/10/2008	Active	YES
17	U17291MH2008PTC206194	AREVA INDIA PRIVATE LIMITED	Director	18/09/2008	18/09/2008	08/09/2010	Active	NO
18	U51900MH2009FTC216240	SIPA INDIA PRIVATE LIMITED	Director	25/06/2009	25/06/2009	02/03/2011	Active	NO
19	L35911DL1984PLC017354	Hero MotoCorp Limited	Director	05/08/2014	14/10/2009	-	Active	NO
20	U72900DL2010PTC205412	GEEZTEK SOLUTIONS PRIVATE LIMITED	Director	07/07/2010	07/07/2010	-	Active	NO
21	U72900DL2011PTC217264	M2 Telecommunications Private Limited	Director	08/04/2011	08/04/2011	02/06/2011	Strike off	NO
22	U63000DL2012FTC234664	AIR PARTNER JET CHARTER AND SALES PRIVATE LIMITED	Director	23/04/2012	23/04/2012	-	Active	NO
23	U74900DL2013PTC247050	LEGO India Private Limited	Director	04/01/2013	04/01/2013	-	Active	NO
24	U51101MH2015FTC260600	Sean John India Private Limited	Director	05/01/2015	05/01/2015	-	Active	NO
25	AAA-6015	RAJINDER NARAIN AND COMPANY LEGAL LLP	Designated Partner	24/08/2011	24/08/2011	-	Active	NO
26	AAA-6268	RNC LEGAL LLP	Designated Partner	14/09/2011	14/09/2011	-	Active	NO
27	AAC-2930	RAJINDER NARAIN AND COMPANY CONSULTANTS LLP	Designated Partner	13/05/2014	13/05/2014	-	Active	NO
28	AAC-8190	RNC E-CONSULTANTS LLP	Body corporate as Designated Partner	16/10/2014	16/10/2014	-	Active	NO
29	AAD-3738	AGORA DEVELOPERS LLP	Designated Partner	14/02/2015	14/02/2015	-	Active	NO
30	AAD-3739	CITRON HOLDINGS LLP	Designated Partner	14/02/2015	14/02/2015	-	Active	NO

Name :

Mr. Ratna Kumar Daga

Designation :

Director

Address :

8, South End Park, Kolkata - 700029, West Bengal, India

Date of Appointment :

04.09.2014

DIN No.:

00227746

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	U29256WB1962PTC025371	TRUTOOLS INDIA PRIVATE LIMITED	Director	27/07/1981	27/07/1981	-	Active	NO
2	L40200DL1968PLC005169	SOMANY CERAMICS LIMITED	Director	04/09/2014	10/09/1988	-	Active	NO
3	U55101WB1979PLC032095	SR CONTINENTAL LIMITED	Director	14/11/1988	14/11/1988	-	Active	NO
4	U67120WB1992PTC055456	KANU HOLDINGS PRIVATE LIMITED	Director	05/06/1995	05/06/1995	03/03/2011	Active	NO
5	L26109WB1946PLC013294	HINDUSTHAN NATIONAL GLASS & INDUSTRIES LIMITED	Director	05/09/2014	25/11/1997	-	Active	NO
6	U70109WB1954PTC021608	DAGA PROPERTIES PRIVATE LIMITED	Director	09/08/2001	09/08/2001	-	Strike off	NO
7	U70101WB1966PTC026797	SHANKAR ESTATES PRIVATE LIMITED	Director	03/10/2002	03/10/2002	-	Active	NO
8	U65999WB1997PTC082841	LSI FINANCIAL SERVICES PRIVATE LIMITED	Director	02/01/2006	02/01/2006	-	Active	NO
9	U67120WB1996PTC080234	UNICHEM FINANCE & ENTERPRISES PRIVATE LIMITED	Director	26/08/2006	26/08/2006	02/11/2010	Active	NO
10	U65710WB1948PTC017190	GOENKA-LEASING & FINANCE PRIVATE LIMITED	Director	31/01/2007	31/01/2007	-	Active	NO
11	U51109WB2006PTC109296	DHARA VYAPAAR PRIVATE LIMITED	Director	13/12/2010	13/12/2010	24/02/2011	Active	NO

Name :

Mr. Yoginder Kumar Alagh

Designation :

Director

Address :

45, Surdhara, Near Door Darshan, Thalteg, Ahmedabad - 380054, Gujarat, India

Date of Appointment :

04.09.2014

DIN No.:

00244686

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	L26943RJ1979PLC001935	SHREE CEMENT LIMITED	Director	29/10/2004	29/10/2004	-	Active	NO
2	L24239MH1939PLC002893	TATA CHEMICALS LIMITED	Director	27/07/2007	25/09/2006	14/02/2014	Active	NO
3	L40200DL1968PLC005169	SOMANY CERAMICS LIMITED	Director	04/09/2014	30/10/2009	-	Active	NO
4	L36992MH1948PLC014083	RALLIS INDIA LIMITED	Director	15/06/2010	22/04/2010	28/02/2014	Active	NO
5	U51219RJ2006PLC022427	STAR AGRIWAREHOUSING AND COLLATERAL MANAGEMENT LIMITED	Nominee director	22/04/2012	22/04/2012	-	Active	NO
6	U74940HR2013PTC049186	ADJB PRODUCTION PRIVATE LIMITED	Director	18/05/2013	18/05/2013	-	Active	NO

Name :

Mr. Siddharath Bindra

Designation :

Director

Address :

Bindra Farm F - 4, Ansal Villa,, Near Cskm Public School, Satbari, New Delhi - 110030, India

Date of Appointment :

04.09.2014

DIN No.:

01680498

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	U99999DL1996PTC233608	MEENA AGRITECH PRIVATE LIMITED	Director	01/08/1996	01/08/1996	-	Active	NO
2	U18100MH2002PTC136468	BIBA APPARELS PRIVATE LIMITED	Managing director	01/03/2013	10/07/2002	-	Active	NO
3	U52609DL2006PTC156068	DHANVAN IMPEX PRIVATE LIMITED	Director	30/11/2006	30/11/2006	-	Active	NO
4	U52599DL2006PTC156056	KAVERI TRADEX PRIVATE LIMITED	Managing director	03/09/2014	30/11/2006	-	Active	NO
5	U74899DL1994PTC061984	KHATTAR ESTATES PRIVATE LIMITED	Director	27/03/2007	27/03/2007	-	Active	NO
6	U18109DL2012PTC241536	IMA CLOTHING PRIVATE LIMITED	Director	17/09/2012	17/09/2012	25/03/2014	Active	NO

Name :

Mr. Narayan Anand

Designation :

Nominee Director

Address :

D-03, Palacio, Old No 216, New No 408, Ttk Road, Alwarpet, Chennai - 600018, Tamilnadu, India

Date of Appointment :

04.09.2014

DIN No.:

02110727

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	U74140TN2003PTC051745	VEDA CORPORATE ADVISORS PRIVATE LIMITED	Director	29/09/2007	03/01/2007	31/08/2011	Active	NO
2	U93000TN2008PTC069279	RedRock (India) Offshore Consultants Private Limited	Director	13/09/2008	13/09/2008	-	Active	NO
3	U74900TN2011PTC082346	CREADOR ADVISORS INDIA PRIVATE LIMITED	Managing director	15/09/2011	15/09/2011	-	Active	NO
4	L40200DL1968PLC005169	SOMANY CERAMICS LIMITED	Nominee director	04/09/2014	19/02/2014	-	Active	NO
5	U25202MP2007PLC019781	VECTUS INDUSTRIES LIMITED	Nominee director	20/06/2014	20/06/2014	-	Active	NO
6	L70109WB1986PLC040864	ASHIANA HOUSING LIMITED	Additional director	13/02/2015	13/02/2015	-	Active	NO

Name :

Mr. R. L. Gaggar

Designation :

Director

KEY EXECUTIVES

Name :	Ambrish Julka
Designation :	Secretary
Address :	C-1/12, West Enclave, Pitampura, Delhi - 110034, India
Date of Appointment :	14.08.2010
PAN No.:	AAQPJ0452P
Name :	Mr. G. G. Trivedi
Designation :	Chief Executive Officer

SHAREHOLDING PATTERN

As on 31.12.2014

Category of Shareholder	No. of Shares	Percentage of Holding
(A) Shareholding of Promoter and Promoter Group
(1) Indian
Individuals / Hindu Undivided Family	3125465	8.05
Bodies Corporate	18713895	48.18
Sub Total	21839360	56.22
(2) Foreign
Total shareholding of Promoter and Promoter Group (A)	21839360	56.22
(B) Public Shareholding
(1) Institutions
Mutual Funds / UTI	1113008	2.87
Financial Institutions / Banks	13220	0.03
Foreign Institutional Investors	2199419	5.66
Sub Total	3325647	8.56
(2) Non-Institutions
Bodies Corporate	1176853	3.03
Individuals
Individual shareholders holding nominal share capital up to Rs.0.100 million	3884421	10.00
Individual shareholders holding nominal share capital in excess of Rs.0.100 million	2908741	7.49
Any Others (Specify)	5709804	14.70
Non Resident Indians	47193	0.12
Overseas Corporate Bodies	5605326	14.43
Trusts	54281	0.14
Clearing Members	3004	0.01
Sub Total	13679819	35.22
Total Public shareholding (B)	17005466	43.78
Total (A)+(B)	38844826	100.00
(C) Shares held by Custodians and against which Depository Receipts have been issued	0	0.00
(1) Promoter and Promoter Group	0	0.00
(2) Public	0	0.00
Sub Total	0	0.00
Total (A)+(B)+(C)	38844826	100.00

BUSINESS DETAILS

Line of Business :	Manufacturing of Ceramic Tiles and Allied Products.
Products :	Ceramic Tiles and Allied Products
Brand Names :	--
Agencies Held :	--
Exports :	Not Divulged
Imports :	Not Divulged
Terms :
Selling :	Not Divulged
Purchasing :	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
Experience :	Not Divulged
Maximum Limit Dealt :	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
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged
Remark :	Not Divulged

No. of Employees :

Information denied by management

Bankers :

• Punjab National Bank
• IDBI Bank
• ING Vysya Bank
• HDFC Bank Limited

Facilities :

SECURED LOANS	31.03.2014 Rs. In Million	31.03.2013 Rs. In Million
LONG TERM BORROWINGS
Term Loans
- From Banks	545.466	549.344
- From Others	97.500	127.500
Car Loans
- From Banks	38.849	22.828
- From Others	8.012	12.869
Deferred Payment Liabilities	101.386	109.576
Less: Current Maturities of Long Term Borrowings
Term Loans
- From Banks	179.000	162.908
- From Others	30.000	30.000
Car Loans
- From Banks	12.607	7.930
- From Others	3.835	4.702
Deferred Payment Liabilities	0.000	1.039
SHORT TERM BORROWINGS
Working Capital Facilities from Banks
Working Capital Demand Loans	80.000	206.000
Cash Credit	545.375	521.603
Buyer's Import Credit	96.853	69.546
Total	1287.999	1412.687

Notes

Long Term Borrowings

1. Rupee Loan of Rs. Nil (Previous Year Rs.16.471 Million) from a Bank is secured by first charge by way of hypothecation of all movable assets and mortgage of all immovable properties of the Company, both present and future, excluding assets exclusively charged and subject to prior charges created and/or to be created in favour of Company’s Bankers on the stock of raw materials, finished and semi-finished goods, consumable stores and such other movables, for securing the borrowings for working capital requirements in the ordinary course of business. Above mortgages and charges shall rank pari-passu with other Banks/Others.

2. Rupee loan of Rs. Nil (Previous Year Rs.40.476 Million) from a Bank is secured by first exclusive charge by way of hypothecation of machinery, equipment and other fixed assets purchased/ to be purchased out of the said loan.

3. Rupee loan of Rs.177.375 Million (Previous year Rs.230.392 Million) from a Bank and Deferred Suppliers Credit Rs.Nil (Previous year Rs.4.257 Million) (Equivalent Euro Nil Million, Previous year Euro 0.061 Million) is secured by first exclusive charge by way of hypothecation of machinery, equipment and other fixed assets purchased/ to be purchased out of the said loan. The aforesaid loans are repayable in 8 quarterly installments starting from April 2014.

4. Rupee loan of Rs.114.200 Million (Previous Year Rs. Nil Million) from a Bank is secured by first pari passu charge by way of hypothecation of all movable assets of the Company, excluding assets exclusively charged to other Banks and are repayable in 20 equal quarterly installments from June 2015

5. Rupee loan of Rs.60.000 Million (Previous year Rs.90.000 Million) from a Bank is secured by first pari passu charge by way of hypothecation of all movable assets and mortgage of all immovable properties of the Company, both present and future, excluding assets exclusively charged to other Banks and are repayable in 8 equal quarterly installments from April 2014.

6. Rupee loan of Rs.97.500 Million (Previous Year Rs.127.500 Million) from others is secured by first pari passu charge on all fixed assets of the company except specifically charged and Government Land at Kassar/Kadi and are repayable in 13 equal quarterly installments from June 2014.

7. Rupee Loan of Rs.193.891 Million (Previous Year Rs.172.005 Million) from a Bank and Deferred Suppliers credit of Rs.101.386 Million (Previous year Rs.105.319 Million) {Equivalent Euro 12.20 Million, previous year Euro 15.02 Million} is secured by first pari passu charge by way of hypothecation of Plant & Machinery and other movable fixed assets of the company situated at Kassar and Kadi excluding those exclusively charged to other Banks and second pari- passu on current assets of the company both present and future and are repayable in 16 quarterly installments starting from June 2014.

8. Car loan from Banks and others are secured by hypothecation of cars purchased there under are repayable in monthly installment over the period of loan.

Short Term Borrowings

* Working Capital Facilities from Banks are secured by:

1. First charge by way of hypothecation of stocks of raw materials, finished goods and stock in process, stores & spares and book debts and ranking paripassu and

2. Second and subservient charge by way of Equitable Mortgage on all other assets, both present and future, of the company, both movable and immovable & ranking pari-passu, excluding assets exclusively charged. Charge over land exchange of about 3 acers at Kassar is to be created.

Auditors :
Name :	Lodha and Company Chartered Accountants
Memberships :	--
Collaborators :	--
Subsidiary Company :	SR Continental Limited Somany Global Limited (Formerly Somany Retail Limited) Amora Tiles Private Limited (w.e.f. 30th January, 2014)
Joint Venture :	Somany Keraban Private Limited
Associate Company :	Vintage Tiles Private Limited Commander Vitrified Private Limited Vicon Ceramic Private Limited (w.e.f. 25th November, 2013) Acer Granito Private Limited (w.e.f. 08th March, 2014)

CAPITAL STRUCTURE

As on 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
125000000	Equity Shares	Rs.2/- each	Rs.250.000 Million

Issued Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
38844826	Equity Shares	Rs.2/- each	Rs.77.690 Million

1. Reconciliation of the number of shares

Equity Shares	Number of Shares
Shares outstanding at the beginning of the year	34497000
Add : Shares issued during the year	4347826
Less : Shares bought back during the year	-
Shares outstanding at the end of the year	38844826

2. Equity Shares:

The Company has only one class of Equity Shares having face value of Rs.2/- each and each shareholder is entitled to one vote per share. Each shareholders have the right in profit / surplus in proporation to amount paid up with respect to share holder. In the event of winding up the equity shareholders will be entitled to receive the remaining balance of assets if any in proportionate to their individual shareholding in the paid up equity capital of the company.

3. Details of equity shares held by shareholders holding more than 5% shares:

Name of Shareholder	Number of Shares
Bhilwara Holding Limited	9009840
Sarvottam Vanijay Limited	6212980
Scope Vinimoy Private Limited	3491075
Latinia Limited	4347826

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	77.690	68.994	68.994
(b) Reserves & Surplus	2,127.439	1,438.592	1,171.152
(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)	2,205.129	1,507.586	1,240.146
(3) Non-Current Liabilities
(a) long-term borrowings	565.771	615.538	668.467
(b) Deferred tax liabilities (Net)	274.990	261.800	253.516
(c) Other long term liabilities	178.109	141.566	141.975
(d) long-term provisions	30.223	24.526	22.938
Total Non-current Liabilities (3)	1,049.093	1,043.430	1,086.896
(4) Current Liabilities
(a) Short term borrowings	728.228	797.149	835.308
(b) Trade payables	1,749.068	1,611.787	1,107.482
(c) Other current liabilities	678.853	631.976	563.001
(d) Short-term provisions	744.885	583.612	419.322
Total Current Liabilities (4)	3,901.034	3,624.524	2,925.113
TOTAL	7,155.256	6,175.540	5,252.155
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	2,141.163	1,987.180	1,899.192
(ii) Intangible Assets	17.009	8.080	7.538
(iii) Capital work-in-progress	27.001	93.797	32.967
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	216.702	91.969	59.505
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	158.571	40.557	45.853
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	2,560.446	2,221.583	2,045.055
(2) Current assets
(a) Current investments	371.000	0.000	0.000
(b) Inventories	857.451	1,186.485	985.075
(c) Trade receivables	2,130.214	1,743.502	1,388.407
(d) Cash and cash equivalents	326.728	252.284	220.337
(e) Short-term loans and advances	888.870	763.534	604.308
(f) Other current assets	20.547	8.152	8.973
Total Current Assets	4,594.810	3,953.957	3,207.100
TOTAL	7,155.256	6,175.540	5,252.155

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	12,577.868	10,501.459	8,732.332
		Other Income	27.435	17.607	10.653
		TOTAL (A)	12,605.303	10,519.066	8,742.985
Less	EXPENSES
		Cost of Materials Consumed	1,701.658	1,657.544	1,531.809
		Purchases of Stock-in-Trade	5,791.151	4,699.539	3,520.800
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	282.631	(160.794)	3.026
		Employees benefits expense	822.940	736.221	655.228
		Other expenses	3,163.069	2,716.090	2,284.795
		Exceptional Items	0.000	0.000	1.730
		TOTAL (B)	11,761.449	9,648.600	7,997.388
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		843.854	870.466	745.597
Less	FINANCIAL EXPENSES (D)		183.016	199.800	206.501
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		660.838	670.666	539.096
Less/ Add	DEPRECIATION/ AMORTISATION (F)		220.641	204.011	182.206
	PROFIT BEFORE TAX (E-F) (G)		440.197	466.655	356.890
Less	TAX (H)		159.890	150.784	109.372
	PROFIT AFTER TAX (G-H) (I)		280.307	315.871	247.518
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		1,101.107	833.667	618.224
Less	APPROPRIATIONS
		Transfer to General Reserve	30.000	32.000	25.000
		Proposed Dividend	58.267	41.396	27.598
		Corporate Dividend Tax	9.903	7.035	4.477
	BALANCE CARRIED TO THE B/S		68.170	48.431	32.075
	EARNINGS IN FOREIGN CURRENCY
		Exports on FOB basis	285.999	222.739	111.576
	TOTAL EARNINGS		285.999	222.739	111.576
	IMPORTS
		Raw Materials	35.198	33.533	40.444
		Stores & Spares	52.304	110.578	71.557
		Capital Goods	72.464	148.852	120.462
		Trading goods	162.573	247.131	421.023
	TOTAL IMPORTS		322.539	540.094	653.486
	Earnings Per Share (Rs.)		8.01	9.16	7.18

QUARTERLY RESULTS

Particulars	30.06.2014 (Unaudited)	30.09.2014 (Unaudited)	31.12..2014 (Unaudited)
	1^st Quarter	2^nd Quarter	3^rd Quarter
Net Sales	3310.200	3741.500	3748.700
Total Expenditure	3115.700	3504.700	3506.200
PBIDT (Excl OI)	194.500	236.800	242.500
Other Income	16.000	19.100	25..200
Operating Profit	210.500	255.900	267.700
Interest	37.100	37.200	41.200
Exceptional Items	0.000	0.000	0.000
PBDT	173.400	218.700	226.500
Depreciation	51.300	55.200	56.400
Profit Before Tax	122.100	163.500	170.100
Tax	41.400	58.500	59.900
Provisions and contingencies	0.000	0.000	0.000
Profit After Tax	80.700	105.000	110.200
Extraordinary Items	0.000	0.000	0.000
Prior Period Expenses	0.000	0.000	0.000
Other Adjustments	0.000	0.000	0.000
Net Profit	80.700	105.000	110.200

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT/Sales)	(%)	2.23	3.01	2.83
Operating Profit Margin (PBDIT/Sales)	(%)	6.71	8.29	8.54
Return on Total Assets (PBT/Total Assets}	(%)	6.37	7.79	6.92
Return on Investment (ROI) (PBT/Networth)		0.20	0.31	0.29
Debt Equity Ratio (Total Debt /Networth)		0.59	0.94	1.21
Current Ratio (Current Asset/Current Liability)		1.18	1.09	1.10

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	68.994	68.994	77.690
Reserves & Surplus	1171.152	1438.592	2127.439
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	1240.146	1507.586	2205.129
long-term borrowings	668.467	615.538	565.771
Short term borrowings	835.308	797.149	728.228
Total borrowings	1503.775	1412.687	1293.999
Debt/Equity ratio	1.213	0.937	0.587

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	8,732.332	10,501.459	12,577.868
		20.260	19.773

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	8,732.332	10,501.459	12,577.868
Profit	247.518	315.871	280.307
	2.83%	3.01%	2.23%

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	No
10]	Designation of contact person	No
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	No
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

UNSECURED LOAN:

Particulars	31.03.2014 Rs. In Million	31.03.2013 Rs. In Million
SHORT TERM BORROWINGS
From Body Corporate (Repayable on demand)	6.000	0.000
Total	6.000	0.000

OPERATING RESULTS

Like last couple of years, this year also the company outperformed industry growth rate of about 14% by growing at 19.3% achieving a 5 years’ CAGR of 23.4%. This performance was achieved despite the fact that the sales were hit as supplies of tiles remained suspended for almost a month between November and December 2013 due to strike by manufacturers in Morbi, Gujarat which included our associates as well as other outsource vendors.

In value terms the revenues increased from Rs.11124.200 Million in previous year to Rs.13275.800 Million in the current financial year. While the tiles volumes grew by 13.3% the value growth accounted for around 6%. At the end of the year the company had access to manufacturing capacity of about 44 MSM of tiles through own associates and non-associates. Despite satisfactory top line growth the bottom line (PAT) remained marginally lower at Rs.280.200 Million mainly due to substantial increase in the fuel costs without corresponding increase in the selling prices due to competition.

CORPORATE HIGHLIGHTS

Capacity Expansions

The Company added further tile manufacturing capacities of 8.74 million square meters (msm) during the year as follows:

a) Acquired 26% equity stake in Vicon Ceramic Private Limited by investing Rs.18.850 Million adding 1.84 MSM capacity of paving tiles and 2.14 MSM of ceramic wall tiles annually from 25th March 2014.

b) Acquired 26% stake in Acer Granito Private Limited by investing Rs.51.100 Million in its existing capacity of 2.04 MSM of polished vitrified tiles per annum.

c) Acquired 51% stake in Amora Tiles Private Limited by investing Rs.53.040 Million adding 2.14 MSM of ceramic wall tiles capacity per annum from 7th March 2014.

d) Commander Vitrified Private Limited an existing associate company expanded capacity to manufacture 2.72 MSM of polished vitrified tiles annually from 26th December 2013.

In addition to above the Board of Directors of the company approved following proposals:

a) Expansion of polished vitrified tiles capacity of Acer Granito Private Limited an associate company by 3.06 MSM annually by September 2014.

b) Expansion of ceramic wall tiles capacity of Amora Tiles Private Limited a subsidiary company by 2.44 MSM annually by October 2014.

c) Expansion of ceramic floor tiles capacity of own plant at Kadi (Gujarat) by 2.40 MSM annually by December 2014.

d) To acquire up to 26% equity stake in Sonec Sanitaryware Private Limited for value up to Rs.15.600 Million which has an existing capacity to produce about 3.00 Million pieces of sanitary wares annually.

e) To invest in one more company to ramp up capacity of polished vitrified tiles up to 5 msm annually.

INDUSTRIAL SCENARIO AND OUTLOOK

Indian Tile Industry estimated to be more than Rs.200000.000 Million is fragmented with almost equal share between branded and unbranded players in value terms. The industry should continue to grow in double digits for next couple of years as in the recent past, the branded players should continue to grow faster than the average industry growth and in turn continue to gain market share.

The volume growth will be driven mainly because of (i) rapid urbanization driving residential demand (ii) commercial and infrastructure development demand and (iii) replacement demand. The value growth will be driven mainly due to rising disposable incomes leading to consumer preferences shifting more towards branded and aspirational products. The profit margins of the industry remained under pressure mainly due to adverse foreign exchange fluctuations resulting into substantial increase in cost of natural gas and inability on the part of industry to fully pass on this cost burden to end consumer due to severe competition.

However due to recent ban by Gujarat High Court on use of coal based gasifiers, all the unbranded players in Morbi had to shift to natural gas reducing their cost competitiveness viz a viz branded players. This may pave way for increase in overall sales realization for the industry.

Faced with cost pressures and lack of brand and distribution set up, more and more unbranded players are partnering with branded players producing exclusively for the latter. Having already done five such Joint Ventures, the company would continue to look out for more such tie ups.

INDEX OF CHARGE:

Sr. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10548164	27/01/2015	796,000.00	PUNJAB NATIONAL BANK	RAILWAY ROAD, BAHADURGARH, BAHADURGARH, HARYANA - 124507, INDIA	C43050228
2	10548167	23/01/2015	1,965,700.00	PUNJAB NATIONAL BANK	RAILWAY ROAD, BAHADURGARH, BAHADURGARH, HARYANA - 124507, INDIA	C43050889
3	10544742	06/01/2015	935,000.00	PUNJAB NATIONAL BANK	AMBAWADI, HARIKRUPA TOWER, ELLISBRIDGE, AHMEDABAD, GUJARAT - 380006, INDIA	C41300898
4	10540635	29/12/2014	382,900.00	PUNJAB NATIONAL BANK	RAILWAY ROAD, BAHADURGARH, HARYANA, HARYANA - 124507, INDIA	C39229174
5	10540637	29/12/2014	635,900.00	PUNJAB NATIONAL BANK	RAILWAY ROAD, BAHADURGARH, HARYANA, HARYANA - 124507, INDIA	C39231386
6	10538920	04/12/2014	780,000.00	PUNJAB NATIONAL BANK	AMBAWADI, HARIKRUPA TOWER, ELLISBRIDGE, AHMEDABAD, GUJARAT - 380006, INDIA	C38243226
7	10535973	25/11/2014	1,108,300.00	PUNJAB NATIONAL BANK	RAILWAY ROAD, BAHADURGARH, HARYANA, HARYANA - 124507, INDIA	C36623643
8	10532569	05/11/2014	1,440,000.00	PUNJAB NATIONAL BANK	AMBAWADI, HARIKRUPA TOWER, ELLISBRIDGE, AHMEDABAD, GUJARAT - 380006, INDIA	C34449710
9	10528137	22/10/2014	427,550.00	PUNJAB NATIONAL BANK	RAILWAY ROAD, BAHADURGARH, BAHADURGARH, HARYANA - 124507, INDIA	C31538499
10	10528135	22/10/2014	519,200.00	PUNJAB NATIONAL BANK	RAILWAY ROAD, BAHADURGARH, BAHADURGARH, HARYANA - 124507, INDIA	C31536915
11	10528444	18/10/2014	750,000.00	PUNJAB NATIONAL BANK	AMBAWADI, HARIKRUPA TOWER, ELLISBRIDGE, AHMEDABAD, GUJARAT - 380006, INDIA	C31787708
12	10525815	29/09/2014	425,600.00	PUNJAB NATIONAL BANK	RAILWAY ROAD, BAHADURGARH, HARYANA, HARYANA - 124507, INDIA	C29622610
13	10525788	29/09/2014	1,024,800.00	PUNJAB NATIONAL BANK	RAILWAY ROAD, BAHADURGARH, HARYANA, HARYANA - 124  507, INDIA	C29607611
14	10528980	26/09/2014	1,019,100.00	PUNJAB NATIONAL BANK	RAILWAY ROAD, BAHADURGARH, HARYANA, HARYANA - 124507, INDIA	C32189524
15	10527509	24/09/2014	800,000.00	PUNJAB NATIONAL BANK	AMBAWADI, HARIKRUPA TOWER ELLISBRIDGE, AHMEDABAD,  GUJARAT - 380006, INDIA	C30976708
16	10528275	22/09/2014	670,000.00	HDFC BANK LIMITED	SENAPALI BAPAT MARG, LOWER PANEL(WEST) MUMBAI, MUMBAI, MAHARASHTRA - 400013, INDIA	C31690621
17	10526263	18/09/2014	355,771.00	PUNJAB NATIONAL BANK	RAILWAY ROAD, BAHADURGARH, BAHADURGARH, HARYANA - 124507, INDIA	C29953858
18	10528276	06/09/2014	1,790,000.00	HDFC BANK LIMITED	SENAPALI BAPAT MARG, LOWER PANEL(WEST) MUMBAI, MUMBAI, MAHARASHTRA - 400013, INDIA	C31692023
19	10520817	26/08/2014	660,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA	C21381082
20	10515154	14/08/2014	832,150.00	PUNJAB NATIONAL BANK	RAILWAY ROAD, BAHADURGARH, HARYANA, HARYANA - 124507, INDIA	C16560302
21	10520191	14/08/2014	870,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA	C20843488
22	10516926	08/08/2014	2,500,000.00	KOTAK MAHINDRA PRIME LIMITED	27BKC, C 27, G BLOCK, BANDRA KURLA COMPLEX, BANDRA (E),, MUMBAI, MAHARASHTRA - 400051, INDIA	C18529636
23	10513001	05/08/2014	671,075.00	PUNJAB NATIONAL BANK	RAILWAY ROAD, BAHADURGARH, HARYANA, HARYANA - 124507, INDIA	C15104052
24	10510443	30/06/2014	338,137.00	PUNJAB NATIONAL BANK	RAILWAY ROAD, BAHADURGARH, HARYANA, HARYANA - 124507, INDIA	C12238812
25	10510440	30/06/2014	10,000,000.00	PUNJAB NATIONAL BANK	RAILWAY ROAD, BAHADURGARH, HARYANA, HARYANA - 124507, INDIA	C12236485
26	10507697	23/06/2014	500,000.00	PUNJAB NATIONAL BANK	RAILWAY ROAD, BAHADURGARH, HARYANA, HARYANA - 124507, INDIA	C10285997
27	10506401	14/06/2014	270,000,000.00	HDFC BANK LIMITED	SENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI, MAHARASHTRA - 400013, INDIA	C09543547
28	10493597	06/03/2014	200,000,000.00	PUNJAB NATIONAL BANK	PUNJAB NATIONAL BANK, RAILWAY ROAD, BAHADURGARH,  BAHADURGARH, HARYANA - 124507, INDIA	C04104741
29	10451839	06/09/2013	2,230,000,000.00	PUNJAB NATIONAL BANK	RAILWAY ROAD, BAHADURGARH, BAHADURGARH, HARYANA - 124507, INDIA	B86077575
30	10344543	29/03/2012	300,000,000.00	AXIS BANK LTD.	4/10, OPG HOUSE, ASAF ALI ROAD, NEW DELHI, DELHI- 110002, INDIA	B35886670
31	10349025	14/06/2013 *	2,230,000,000.00	PUNJAB NATIONAL BANK	RAILWAY ROAD, BAHADURGARH, BAHADURGARH, HARYANA - 124507, INDIA	B80142748
32	10281178	28/03/2011	120,000,000.00	AXIS BANK LTD.	4/10, OPG HOUSE, ASAF ALI ROAD, NEW DELHI, DELHI  - 110002, INDIA	B10854206
33	10275929	14/02/2013 *	200,000,000.00	YES BANK LIMITED	9TH FLOOR NEHRU CENTRE, DISCOVER OF INDIA BUILDING, DR. ANNIE BESANT ROAD, WORLI., MUMBAI, MAHARASHTRA - 400018, INDIA	B70164678
34	10235321	20/12/2010 *	150,000,000.00	HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED	RAMON HOUSE 169BACKBAY RECLAMATION, H T PAREKH MARG, MUMBAI, MAHARASHTRA - 400020, INDIA	B03388485
35	10186017	10/11/2009	280,000,000.00	CENTRAL BANK OF INDIA PARLIAMENT STREET BRANCH	PARLIAMENT STREET, PATEL CHOWK JEEVAN TARA BUILDING NEW DELHI, NEW DELHI, DELHI - 110001, INDIA	A73421224
36	90063589	04/03/1987 *	2,400,000.00	L.I.C. OF INDIA	YOGAKSHEMA JEEVAN BIMA MART, BOMBAY, MAHARASHTRA - 400021, INDIA	-
37	90063586	14/12/1983	1,965,000.00	H.D.F.C. LTD.	163; BACKBAY RECLAMTION, BOMBAY, MAHARASHTRA - 400020, INDIA	-
38	90063582	27/10/1983 *	2,400,000.00	L.I.C. OF INDIA	YOGAKSHEMA JEEVAN BIMA MARG, MUMBAI, MAHARASHTRA - 400021, INDIA	-
39	90063572	22/08/1983 *	2,400,000.00	L.I.C. OF INDIA	YOGAKSHEMA JEEVAN BIMA MARG, MUMBAI, MAHARASHTRA - 400021, INDIA	-
40	90063570	24/01/1984 *	5,000,000.00	ICICI BANK LTD.	163; BACKBAY RECLAMTION, BOMBAY, MAHARASHTRA - 400020, INDIA	-

FIXED ASSETS:

· Land

· Building

· Plant and Machinery

· Computer

· Vehicles

· Furniture and Fixture

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.62.61
UK Pound	1	Rs.92.95
Euro	1	Rs.68.15

INFORMATION DETAILS

Information Gathered by :	DIP
Analysis Done by :	SUM
Report Prepared by :	VNT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	8
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	7
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILITY	1~10	6
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	6
--RESERVES	1~10	6
--CREDIT LINES	1~10	6
--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	YES
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		56

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.