MIRA INFORM REPORT

Report No. :	321137
Report Date :	08.05.2015

IDENTIFICATION DETAILS

Name :	NANDI PIPES PRIVATE LIMITED

Registered Office :	Door No. 30-660, Industrial Estate, Bommalasatram, Nandyal, Kurnool – 518502, Andhra Pradesh
Mobile No.:	91-9989990564 (Mr. Vishwanath)

Country :	India

Financials (as on) :	Not Available

Date of Incorporation :	20.10.2011

Com. Reg. No.:	01-077073

Capital Investment / Paid-up Capital :	Rs. 54.000 Million

CIN No.: [Company Identification No.]	U25200AP2011PTC077073

TAN No.: [Tax Deduction & Collection Account No.]	Not Available

PAN No.: [Permanent Account No.]	Not Available

Legal Form :	Private Limited Liability Company

Line of Business :	Manufacturers, producers, processors, makers, engineers, designers, importers, exporters of pipes, tubes, profiles, plastics, pipe and tube products, ropes, twines, taps, couplings, chair canes, goods, fittings, derivatives etc.

No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

Ca (11)

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate

Payment Behaviour :	Unknown

Litigation :	Clear

Comments :	Subject is an established company having moderate track record. Management of the company has not filed its financial with the government department since its incorporation. Mr. Vishwanath Accountant denied to part any information about the subject. As per registrar of companies the status of the company is shown as active. Payment terms are unknown. The company can be considered for business dealings on a secured trade terms and condition.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – December 31, 2014

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

India

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

EXTERNAL AGENCY RATING

Rating Agency Name	Not Available
Rating	Not Available
Rating Explanation	Not Available
Date	Not Available

RBI DEFAULTERS’ LIST STATUS

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

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

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

INFORMATION DECLINED BY

Name :	Mr. Vishwanath
Designation :	Accountant
Contact No.:	91-9989990564
Date :	06.05.2015

LOCATIONS

Registered Office :	Door No. 30-660, Industrial Estate, Bommalasatram, Nandyal, Kurnool – 518502, Andhra Pradesh, India
Tel. No.:	Not Available
Mobile No.:	91-9989990564 (Mr. Vishwanath)
Fax No.:	Not Available
E-Mail :	bashanandi@gmail.com

DIRECTORS

Name :

Mr. Aravinda Rani Vemuri

Designation :

Director

Address :

31/726, Bommala Satram, Kurnool -518502, Andhra Pradesh, India

Date of Birth/Age :

12.01.1979

Date of Appointment :

20.10.2011

DIN No.:

01241976

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	U01211AP2000PTC035850	SUJALA FEEDS PRIVATE LIMITED	Director	11-12-00	11-12-00	-	Active	NO
2	U25200AP2011PTC077073	NANDI PIPES PRIVATE LIMITED	Director	20-10-11	20-10-11	-	Active	NO
3	U25209AP2011PTC078016	ANANTAPUR PIPES PRIVATE LIMITED	Director	14-12-11	14-12-11	28-08-13	Active	NO
4	U51909TG2013PTC086945	SREEKANTH TRADING PRIVATE LIMITED	Director	12-04-13	12-04-13	-	Active	NO
5	U61200TG2006PTC051735	NANDI WATER CONTAINERS PRIVATE LIMITED	Additional director	17-12-13	17-12-13	04-09-14	Active	NO
6	U25200TG2012PTC079316	NANDI PIPES HYDERABAD PRIVATE LIMITED	Additional director	01-04-14	01-04-14	-	Active	NO
7	U15200TG1996PTC023978	NANDI MILK PRODUCTS PRIVATE LIMITED	Additional director	01-04-14	01-04-14	-	Active	NO
8	U01100TG2005PLC045887	S.P.Y. AGRO INDUSTRIES LIMITED	Director	30-09-14	13-06-14	-	Active	NO
9	U25209TG1998PTC029769	NANDHI PVC PRODUCTS PRIVATE LIMITED	Additional director	19-06-14	19-06-14	-	Active	NO
10	L26940AP1955PLC000546	PANYAM CEMENTS AND MINERAL INDUSTRTIES LIMITED	Director	13-08-14	13-08-14	-	Active	NO
11	U25190TG2014PTC094654	MONARCH WATER CONTAINERS PRIVATE LIMITED	Additional director	04-09-14	04-09-14	-	Active	NO
12	L25209TG1994PLC016939	INTEGRATED THERMOPLASTICS LIMITED	Director	30-09-14	30-09-14	-	Active	NO
13	U25209TG2006PTC050041	SREEKANTH PIPES PRIVATE LIMITED (PART IX).	Additional director	01-04-15	01-04-15	-	Active	NO

Name :

Sujala Sajjala

Designation :

Director

Address :

31/726, Bommala Satram, Kurnool -518502, Andhra Pradesh, India

Date of Birth/Age :

07.11.1976

Date of Appointment :

20.10.2011

DIN No.:

01796982

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	U24110TG1991PTC013069	HITESHA LIME PRODUCTS PRIVATE LIMITED	Director	17-10-96	17-10-96	-	Active	NO
2	U25209TG1998PTC029769	NANDHI PVC PRODUCTS PRIVATE LIMITED	Managing director	16-07-98	16-07-98	-	Active	NO
3	U01211AP2000PTC035850	SUJALA FEEDS PRIVATE LIMITED	Director	11-12-00	11-12-00	-	Active	NO
4	U25209TG2006PTC049592	ANANTHA PVC PIPES PRIVATE LIMITED (PART IX)	Director	23-03-06	23-03-06	-	Active	NO
5	U45200TG2008PTC057482	NandiPipes Builders & Developers Private Limited	Director	07-02-08	07-02-08	18-03-09	Active	NO
6	U74900AP2008PTC060422	NANDI CPVC PIPE PRODUCTS INDIA PRIVATE LIMITED	Director	01-08-08	01-08-08	-	Active	NO
7	U45200TG2005PTC047711	SUJALA INFRASTRUCTURE PRIVATE LIMITED	Director	24-07-09	03-10-08	-	Active	NO
8	U26960AP2010PTC069916	NANDI CONCRETE PRODUCTS PRIVATE LIMITED	Director	10-08-10	10-08-10	-	Active	NO
9	L25209TG1994PLC016939	INTEGRATED THERMOPLASTICS LIMITED	Managing director	30-09-11	13-08-11	15-05-12	Active	NO
10	U25200AP2011PTC077073	NANDI PIPES PRIVATE LIMITED	Director	20-10-11	20-10-11	-	Active	NO
11	U51909TG2013PTC086945	SREEKANTH TRADING PRIVATE LIMITED	Director	12-04-13	12-04-13	-	Active	NO
12	U25209TG1988PTC008265	SUJALA PIPES PVT.LTD.	Additional director	01-04-14	01-04-14	-	Active	NO
13	U74999TG2007PLC054905	NANDI IRRIGATION SYSTEMS LIMITED	Additional director	01-04-14	01-04-14	-	Active	NO
14	U25209TG2006PTC050041	SREEKANTH PIPES PRIVATE LIMITED (PART IX).	Additional director	01-04-14	01-04-14	-	Active	NO
15	U25190TG2014PTC094654	MONARCH WATER CONTAINERS PRIVATE LIMITED	Director	27-06-14	27-06-14	-	Active	NO
16	U61200TG2006PTC051735	NANDI WATER CONTAINERS PRIVATE LIMITED	Additional director	04-09-14	04-09-14	-	Active	NO

Name :

Mr. Parvathi Reddy Sannapu

Designation :

Director

Address :

31/726, Bommala Satram, Kurnool -518502, Andhra Pradesh, India

Date of Birth/Age :

01.10.1945

Date of Appointment :

20.10.2011

DIN No.:

02393630

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	U25209TG1988PTC008265	SUJALA PIPES PVT.LTD.	Director	09-01-97	09-01-97	-	Active	NO
2	U15200TG1996PTC023978	NANDI MILK PRODUCTS PRIVATE LIMITED	Director	24-05-97	24-05-97	-	Active	NO
3	L25209TG1994PLC016939	INTEGRATED THERMOPLASTICS LIMITED	Director	30-09-11	13-08-11	15-05-12	Active	NO
4	U25200AP2011PTC077073	NANDI PIPES PRIVATE LIMITED	Director	20-10-11	20-10-11	-	Active	NO
5	U25200TG2012PTC079316	NANDI PIPES HYDERABAD PRIVATE LIMITED	Director	22-02-12	22-02-12	-	Active	NO
6	U51101TG2013PTC086957	NANDYAL TRADING PRIVATE LIMITED	Director	12-04-13	12-04-13	03-03-14	Active	NO
7	U24110TG1991PTC013069	HITESHA LIME PRODUCTS PRIVATE LIMITED	Additional director	01-04-14	01-04-14	-	Active	NO
8	U51909TG2013PTC085650	Nandi TradeImpex Private Limited	Additional director	01-04-14	01-04-14	-	Active	NO
9	U01100TG2005PLC045887	S.P.Y. AGRO INDUSTRIES LIMITED	Director	30-09-14	13-06-14	-	Active	NO
10	U61200TG2006PTC051735	NANDI WATER CONTAINERS PRIVATE LIMITED	Additional director	04-09-14	04-09-14	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Vishwanath
Designation :	Accountant

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 17.10.2011

Names of Shareholders		No. of Shares
V. Aravinda Rani		4000
S. Sujala		3000
S. Parvathi		3000
Total		10000

As on 19.07.2013

Names of Allottees		No. of Shares
V. Aravinda Rani		776000
S. Sujala		777000
S. Parvathi		777000
Sajjala Sreedhar Reddy		780000
S. Sujala Kumar Shastry		780000
Sajjala Sreedhar Reddy HUF		780000
S. Sujala Kumar Shastry HUF		720000
Total		5390000

BUSINESS DETAILS

Line of Business :	Manufacturers, producers, processors, makers, engineers, designers, importers, exporters of pipes, tubes, profiles, plastics, pipe and tube products, ropes, twines, taps, couplings, chair canes, goods, fittings, derivatives etc.

Brand Names :	Not Divulged

Agencies Held :	Not Divulged

Exports :	Not Divulged

Imports :	Not Divulged

Terms :	Not Divulged

PRODUCTION STATUS NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :	Not Divulged
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Maximum Limit Dealt :	Not Divulged
Experience :	Not Divulged
Remark:	Not Divulged

Customers :

Reference :	Not Divulged
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Maximum Limit Dealt :	Not Divulged
Experience :	Not Divulged
Remark:	Not Divulged

No. of Employees :

Information declined by the management

Bankers :

Bank Name	Canara Bank
Branch	Nandyal Branch, Nandyal - 518502, Andhra Pradesh, India
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
Name of Account Holder	Not Divulged
Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

Auditors :	Not Divulged

Memberships :	--

Collaborators :	--

Associates/Subsidiaries :	--

CAPITAL STRUCTURE

Authorised Capital :

No. of Shares	Type	Value	Amount

5400000	Equity Shares	Rs.10/- each	Rs. 54.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

5400000	Equity Shares	Rs.10/- each	Rs. 54.000 Million

FINANCIAL DATA

[all figures are in Rupees Million]

NOT AVAILABLE

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	No
12]	Profitability for last three years	No
13]	Reasons for variation <> 20%	--
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	No
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	No
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 CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10429242	14/05/2013 *	109,000,000.00	CANARA BANK	NANDYAL BRANCH, NANDYAL, ANDHRA PRADESH - 518502, INDIA	B76421023

* Date of charge modification

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.63.88
UK Pound	1	Rs.97.21
Euro	1	Rs.72.51

INFORMATION DETAILS

Information Gathered by :	KAM

Analysis Done by :	DIV

Report Prepared by :	KVT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
PAID-UP CAPITAL	1~10	2
OPERATING SCALE	1~10	2
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	2
--PROFITABILITY	1~10	--
--LIQUIDITY	1~10	2
--LEVERAGE	1~10	1
--RESERVES	1~10	--
--CREDIT LINES	1~10	--
--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		11

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
--	NB	New Business	--

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.

MIRA INFORM REPORT

INDEX OF CHARGES

Unit