MIRA INFORM REPORT

Report No. :	319901
Report Date :	04.05.2015

IDENTIFICATION DETAILS

Name :	SUJATA ELECTRICAL INFRATECH (INDIA) PRIVATE LIMITED (w.e.f. 24.02.2011)
Formerly Known As :	SUJATA TELECOM (INDIA) PRIVATE LIMITED
Registered Office :	Shed No.2, Survey No.143, Gandimasimma X Roads, Dommara Pochampally Vilage, Qutbullapur Mandam, Ranga Reddy, Hyderabad – 500043, Telangana
Mobile No.:	91-9849454477 (Mr. Anilkumar Reddy Dodla)
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	05.10.2005
Com. Reg. No.:	01-047702
Capital Investment / Paid-up Capital :	Rs.13.290 Million
CIN No.: [Company Identification No.]	U32201TG2005PTC047702
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of high tension transmission line, Substation structure they also take turnkey projects.
No. of Employees :	70 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (43)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 100000
Status :	Satisfactory
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track record. There appears dip in sales turnover of the company during financial year 2013. However, general financial position of the company seems to be decent. Trade relations are fair. Business is active. Payment terms are reported to be slow but correct. 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

Not Available

RBI DEFAULTERS’ LIST STATUS

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

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

INFORMATION PARTED BY

Name :	Mr. Anilkumar Reddy Dodla
Designation :	Director
Contact No.:	91-9849454477
Date :	02.05.2015

LOCATIONS

Registered Office/ Factory :	Shed No.2, Survey No.143, Gandimasimma X Roads, Dommara Pochampally Vilage, Qutbullapur Mandam, Ranga Reddy, Hyderabad – 500043, Telangana, India
Tel. No.:	Not Available
Mobile No.:	91-9849454477 (Mr. Anilkumar Reddy Dodla)
Fax No.:	Not Available
E-Mail :	patibandla_n@yahoo.com servicedesk.gln@gmail.com
Area :	1 acre
Location :	Owned

DIRECTORS

As on: 03.06.2013

Name :	Mr. Anilkumar Reddy Dodla
Designation :	Managing Director
Address :	Flat No.2403, Sairaghava Apartments, Kukatpally, Hyderabad - 500072, Telangana, India
Date of Birth/Age :	30.07.1968
Date of Appointment :	15.07.2013
DIN No.:	00731297
Name :	Mrs. Uma Deepika Dodla
Designation :	Director
Address :	F.No.-2403, Sai Raghava Towers, B. No: 2, Hydernagar, Kukatpally, Hyderabad – 500072, Telangana, India
Date of Birth/Age :	22.02.1976
Date of Appointment :	04.10.2007
DIN No.:	02081136

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 03.06.2013

Names of Shareholders	No. of Shares	%age
Anilkumar Reddy Dodla	1059000	79.68
Uma Deepika Dodla	270000	20.32
Total	1329000	100.00

Equity Share Break up (Percentage of Total Equity)

As on: 03.06.2013

Category	Percentage
Directors or relatives of directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer of high tension transmission line, Substation structure they also take turnkey projects.
Brand Names :	Not Divulged
Agencies Held :	Not Divulged
Exports :	Not Divulged
Imports :	Not Divulged
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

GENERAL INFORMATION

Suppliers :

Company Name :	Lala Sarai Rolling Mill
Name of the Person :	Mr. Nitin Kumar (Partner)
Contact No.:	91-9396537472
Since How Long Known :	4 Years
Maximum Limit Dealt :	Rs.30.000 Million (Yearly)
Experience :	Payment Behaviour Market Goodwill Excellent Overall
Remark :	As claimed by Mr. Nitin that they are very well known company in market, they make Payment on time.

Customers :

Company Name :	Mysore Engineering Private Limited
Name of the Person :	Mr. Ramaswami (Managing Director)
Contact No.:	91-9945551646
Since How Long Known :	5 Years
Maximum Limit Dealt :	Rs.20.000 Million
Experience :	Product Quality Delivery Behaviour Good Overall
Remark :	As claimed by Mr. Ramaswami that the product quality is very good they are satisfied with subject.

No. of Employees :

70 (Approximately)

Bankers :

Banker Name :	State Bank of India
Branch :	Yellaredduguda, Hyderabad – 500073, Telangana, India
Person Name (With Designation) :	Mr. Sudhakar (Customer Support Officer)
Contact Number :	91-967699921
Name of Account Holder :	Sujata Electrical Infratech (India) Private Limited
Account Number :	30518120748
Account Since (Date/Year of Account Opening) :	6 Years
Average Balance Maintained :	Rs.110.000 Million
Credit Facilities Enjoyed (CC/OD/Term Loan) :	CC, Bank Guaranty, LC
Account Operation :	Satisfactory
Remark :	As claimed by Mr. Sudhakar that the subject is having good track record.

Auditors :
Name :	Rama Rao and Company Chartered Accountants
Collaborators :	Not Divulged
Membership :	Not Divulged
Associates/Subsidiaries :	--

CAPITAL STRUCTURE

After: 03.06.2013

Authorised Capital : Rs.15.000 Million

Issued, Subscribed & Paid-up Capital : Rs.14.290 Million

As on: 03.06.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
1500000	Equity Shares	Rs.10/- each	Rs.15.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1329000	Equity Shares	Rs.10/- each	Rs.13.290 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013	31.03.2012	31.03.2011
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	13.290	8.290	8.290
(b) Reserves & Surplus	22.494	16.301	10.428
(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)	35.784	24.591	18.718
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.000
(b) Deferred tax liabilities (Net)	0.872	0.671	0.529
(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)	0.872	0.671	0.529
(4) Current Liabilities
(a) Short term borrowings	28.077	13.497	9.900
(b) Trade payables	83.894	129.705	71.152
(c) Other current liabilities	2.384	1.452	0.724
(d) Short-term provisions	3.301	3.952	4.321
Total Current Liabilities (4)	117.656	148.606	86.097
TOTAL	154.312	173.868	105.344
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	11.836	6.785	6.470
(ii) Intangible Assets	0.030	0.000	0.001
(iii) Capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.000	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	0.000	0.000
Total Non-Current Assets	11.866	6.785	6.471
(2) Current assets
(a) Current investments	4.410	1.428	1.583
(b) Inventories	41.117	60.977	53.845
(c) Trade receivables	83.800	94.519	37.408
(d) Cash and cash equivalents	3.521	3.126	3.082
(e) Short-term loans and advances	9.598	7.033	2.955
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	142.446	167.083	98.873
TOTAL	154.312	173.868	105.344

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2013	31.03.2012	31.03.2011
	SALES
	Income	218.721	284.709	250.204
	Other Income	0.875	0.538	0.221
	TOTAL (A)	219.596	285.247	250.425
Less	EXPENSES
	Cost of Materials Consumed	169.168	229.275	200.008
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(0.020)	(0.793)	(2.637)
	Employees benefits expense	12.510	11.946	10.504
	Other expenses	23.588	29.006	28.855
	TOTAL (B)	205.246	269.434	236.730
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	14.350	15.813	13.695
Less	FINANCIAL EXPENSES (D)	4.396	6.109	6.432
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	9.954	9.704	7.263
Less	DEPRECIATION/ AMORTISATION (F)	0.561	0.402	0.362
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	9.393	9.302	6.901
Less	TAX (H)	3.201	3.429	2.152
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)	6.192	5.873	4.749
	Earnings / (Loss) Per Share (Rs.)	4.66	7.08	5.73

Expected Sales (2013-2014): Rs.250.000 Million

The above information has been parted by Mr. Anilkumar Reddy Dodla

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
Net Profit Margin PAT / Sales	(%)	2.83	2.06	1.90
Operating Profit Margin (PBDIT/Sales)	(%)	6.56	5.55	5.47
Return on Total Assets (PBT/Total Assets)	(%)	6.09	5.35	6.55
Return on Investment (ROI) (PBT/Networth)		0.26	0.38	0.37
Debt Equity Ratio (Total Debt /Networth)		0.78	0.55	0.53
Current Ratio (Current Asset/Current Liability)		1.21	1.12	1.15

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	8.290	8.290	13.290
Reserves & Surplus	10.428	16.301	22.494
Share Application money pending allotment	0.000	0.000	0.000
Net worth	18.718	24.591	35.784
long-term borrowings	0.000	0.000	0.000
Short term borrowings	9.900	13.497	28.077
Total borrowings	9.900	13.497	28.077
Debt/Equity ratio	0.529	0.549	0.785

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	250.204	284.709	218.721
		13.791	(23.177)

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	250.204	284.709	218.721
Profit	4.749	5.873	6.192
	1.90%	2.06%	2.83%

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	Yes
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	Yes
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	Yes
15]	Capital in the business	Yes
16]	Details of sister concerns	No
17]	Major suppliers	Yes
18]	Major customers	Yes
19]	Payments terms	Yes
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	Yes
26]	Buyer visit details	--
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	No
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	No

INDEX OF CHARGE:

Sr. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10133921	30/12/2014 *	110,000,000.00	State Bank of India	Yellareddy guda branch, 8-3-961/B Srinagar Colony, Hyderabad, Telangana - 500073, India	C47080361

*Date of modification Charges

FIXED ASSETS:

· Land

· Building

· Plant and Machinery

· Furniture and Fixture

· Office Equipment

· Computer

· Vehicles

CMT REPORT (Corruption, Money Laundering & Terrorism]

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

1] INFORMATION ON DESIGNATED PARTY

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

2] Court Declaration :

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

3] Asset Declaration :

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

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

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

Charges or investigation registered against subject: None

7] Criminal Records

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

8] Affiliation with Government :

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

9] Compensation Package :

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

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

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

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

CONTRAVENTION

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

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.63.58
UK Pound	1	Rs.97.99
Euro	1	Rs.70.53

INFORMATION DETAILS

Information Gathered by :	DPA
Analysis Done by :	SAN
Report Prepared by :	NKT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILITY	1~10	4
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	4
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		43

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.