MIRA INFORM REPORT

Report No. :	321587
Report Date :	13.03.2015

IDENTIFICATION DETAILS

Name :	STEEL AND METAL TUBES (INDIA) LIMITED
Formerly Known as:-	STEEL AND METAL TUBES (INDIA) PRIVATE LIMITED
Registered Office :	1/16A, 4^th Floor, Asaf Ali Road, New Delhi – 110002
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	06.09.1971
Com. Reg. No.:	55-005782
Capital Investment / Paid-up Capital :	Rs. 6.791 Million
CIN No.: [Company Identification No.]	U28999DL1971PLC005782
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	Not Available
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer of Technologically Improved Steel Pipes and Tubes.
No. of Employees :	100 (Approximately)

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

Maximum Credit Limit :	USD 48000
Status :	Moderate
Payment Behaviour :	Slow But Correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. Profitability of the company seems to be low during 2014. However, Trade relations are reported as fair. Business is active. Payment terms are reported to be slow but correct. The company can be considered for business dealings with some cautions.

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 = BB-
Rating Explanation	Have inadequate credit quality and carries very high credit risk
Date	February 20, 2014

Rating Agency Name	CRISIL
Rating	Short term rating=A4+
Rating Explanation	Have minimal degree of safety and carry very high credit risk.
Date	February 20, 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 PARTED BY

Name :	Mr. Vinod Kumar Aggarwal
Designation :	Director
Contact No.:	91-9811101669
Date :	08.05.2015

LOCATIONS

Registered Office :	1/16A, 4^th Floor, Asaf Ali Road, New Delhi – 110002, India
Tel. No. :	91-11-23231048/ 23231049/ 23231050
Mobile No. :	91-11-23231046
E-Mail :	smtindialtd@gmail.com
Website :	http://steelandmetaltubes.tradeindia.com
Factory :	22^nd Mile, Delhi - Hapur Road, P.O. Jindal Nagar, Ghaziabad, Uttar Pradesh, India
Tel. No. :	91-120-2677476/ 120-3224454

DIRECTORS

As on 30.09.2014

Name :

Mr. Shankar Lal Aggarwal

Designation :

Managing director

Address :

3/77, Punjabi Bagh, New Delhi – 110026, India

Date of Birth/Age :

21.08.1939

Date of Appointment :

24.07.1979

DIN No. :

00375518

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	U28999DL1971PLC005782	STEEL AND METAL TUBES (INDIA) LIMITED	Managing director	14-02-2013	24-07-1979	Active	NO

Name :

Mr. Vinod Kumar Aggarwal

Designation :

Whole-time director

Address :

3/77, Punjabi Bagh, New Delhi – 110026, India

Date of Birth/Age :

19.10.1961

Date of Appointment :

21.04.1980

DIN No. :

00375239

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	U28999DL1971PLC005782	STEEL AND METAL TUBES (INDIA) LTD	Whole-time director	01-07-2012	21-04-1980	-	Active	NO
2	U27101DL1998PTC097100	PROTON INDIA PRIVATE LIMITED	Director	16-11-1998	16-11-1998	-	Active	NO
3	U51398MH1987PTC184943	D GAUTAM INTERNATIONAL PRIVATE LIMITED	Director	27-06-2005	27-06-2005	05-12-2007	Active	NO
4	U27203KA1970PLC002806	JINDAL ALUMINIUM LIMITED.	Director	03-09-2010	06-11-2009	11-09-2013	Active	NO
5	U74899DL1985PTC022821	SIDHI VINAYAK TUBES PRIVATE LIMITED	Director	28-09-2010	28-12-2009	-	Active	NO
6	U27101UP1970PLC020637	JINDAL PIPES LIMITED	Director	26-09-2011	27-06-2011	-	Active	NO

Name :

Mrs. Kamlesh Devi Aggarwal

Designation :

Director

Address :

3/77, Punjabi Bagh, New Delhi – 110026, India

Date of Birth/Age :

27.09.1941

Date of Appointment :

14.11.1979

DIN No. :

00375632

Name :

Mr. Sita Ram Jindal

Designation :

Director

Address :

Jindal Nagar, Tumka Road, Bangalore – 560073, Karnataka, India

Date of Birth/Age :

02.09.1933

Date of Appointment :

27.04.1998

DIN No. :

00112560

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	U27203KA1970PLC002806	JINDAL ALUMINIUM LIMITED.	Managing director	01-07-2013	11-06-1975	-	Active	NO
2	U28999DL1971PLC005782	STEEL AND METAL TUBES (INDIA) LTD	Director	27-04-1998	27-04-1998	-	Active	NO
3	U27104KA2003PLC031567	Jindal Naturecare Limited	Managing director	25-08-2014	10-02-2003	-	Active	NO
4	U14200KA2008PLC045891	DAKSHIN MINES AND MINERALS LIMITED	Director	02-04-2008	02-04-2008	31-03-2009	Amalgamated	NO
5	U28121MH2011PLC219872	JINDAL ALUMINIUM ROLLING LIMITED	Director	18-07-2011	18-07-2011	-	Active	NO

Name :

Mr. Suresh Baid

Designation :

Director

Address :

91, Sainik Vihar, Pitampura New Delhi- 110088, India

Date of Birth/Age :

11.09.1954

Date of Appointment :

01.04.2009

DIN No. :

00030585

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	U33205WB1984PLC037929	NEELANCHAL UDYOG LTD	Director	22-10-1984	22-10-1984	-	Active	NO
2	U51909DL1991PLC046869	JAGUAR OVERSEAS LIMITED	Director	01-09-1994	01-09-1994	12-11-2009	Active	NO
3	U74899DL1974PLC007178	SUREKA COATED TUBES AND SHEETS LIMITED	Director	16-08-2002	16-08-2002	01-12-2011	Active	NO
4	U51909WB1950PLC019254	THE WAXPOL INDUSTRIES LTD	Whole-time director	01-04-2012	02-06-2006	-	Active	NO
5	L27105HR1979PLC009913	JINDAL STEEL AND POWER LIMITED	Additional director	30-10-2006	30-10-2006	28-09-2007	Active	NO
6	L40200WB1995PLC068251	EASTERN GASES LTD	Director	31-01-2008	31-01-2008	12-11-2013	Active	NO
7	U74140DL2001PTC112464	V2 INSURANCE PROFESSIONALS PRIVATE LIMITED	Additional director	26-02-2008	26-02-2008	-	Active	NO
8	U55101WB2008PLC129604	WAXPOL HOTELS & RESORTS LIMITED	Director	24-09-2008	24-09-2008	-	Active	NO
9	U27101UP1970PLC020637	JINDAL PIPES LIMITED	Director	25-09-2009	01-01-2009	-	Active	NO
10	U74991DL2006PLC148826	JCO GAS PIPE LIMITED	Additional director	27-03-2009	27-03-2009	30-09-2009	Active	NO
11	U28999DL1971PLC005782	STEEL AND METAL TUBES (INDIA) LTD	Director	30-09-2009	01-04-2009	-	Active	NO
12	U67190DL2010PTC204955	PARITY FINSOLVE PRIVATE LIMITED	Director	09-09-2011	01-09-2010	-	Active	NO
13	U01111DL2010PTC210360	Blueberry Farms Private Limited	Director	12-11-2010	12-11-2010	-	Active	NO
14	U27109HR2003PTC035091	VIBHOR STEEL TUBES PRIVATE LIMITED	Director	24-03-2011	24-03-2011	-	Active	NO
15	U70109DL2011PTC221140	BAID BUILDCON PRIVATE LIMITED	Director	20-06-2011	20-06-2011	-	Active	NO

Name :

Hemant Kumar Khanna

Designation :

Director

Address :

90, Preet Vihar, Delhi – 110092, India

Date of Birth/Age :

25.09.1951

Date of Appointment :

01.04.2009

DIN No. :

00405794

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	L99999MH1988PLC080545	MAHARASHTRA SEAMLESS LIMITED(TRANSFERRED FROM DELHI TO MAH	Director	22-10-2003	22-10-2003	25-02-2009	Active	NO
2	U27100MH2004PTC148789	JINDAL PREMIUM CONNECTIONS PRIVATE LIMITED	Director	23-09-2004	23-09-2004	-	Active	NO
3	U67120MH1983PLC031110	BRAHMA DEV HOLDING AND TRADING LIMITED	Director	04-07-2005	04-07-2005	09-06-2008	Active	NO
4	L27209MH1998PLC236139	HARYANA CAPFIN LIMITED.	Director	15-12-2006	12-09-2006	24-11-2008	Active	NO
5	L27201MH1983PLC233813	JINDAL DRILLING AND INDUSTRIES LIMITED	Director	30-11-2006	30-11-2006	25-02-2009	Active	NO
6	U51311DL2002PLC114758	JAGUAR INTERNATIONAL LIMITED	Director	29-09-2007	27-06-2007	15-06-2010	Active	NO
7	U65993WB1994PLC152481	JINDAL GLOBAL FINANCE AND INVESTMENT LIMITED	Director	25-09-2009	01-12-2008	-	Active	NO
8	U27101UP1970PLC020637	JINDAL PIPES LIMITED	Whole-time director	01-01-2011	01-01-2009	01-01-2012	Active	NO
9	U28999DL1971PLC005782	STEEL AND METAL TUBES (INDIA) LTD	Director	30-09-2009	01-04-2009	-	Active	NO
10	U11101DL2009PLC193022	JINDAL HYDROCARBONS LIMITED	Director	29-09-2010	11-01-2010	13-12-2010	Active	NO
11	U11102DL1997PTC086417	NEWFIND OIL AND GAS PRIVATE LIMITED	Additional director	04-03-2010	04-03-2010	-	Active	YES
12	U11100HR2010PLC039993	JINDAL EXPLODRILL LIMITED	Director	27-09-2010	05-03-2010	-	Active	NO
13	U52300DL2011PTC212318	KG IMPEX PRIVATE LIMITED	Director	07-01-2011	07-01-2011	15-02-2011	Active	NO
14	U27109HR2003PTC035091	VIBHOR STEEL TUBES PRIVATE LIMITED	Director	24-03-2011	24-03-2011	-	Active	NO

Name :

Raghav Jindal

Designation :

Director

Address :

B-57, Greater Kailash, Part-I, New Delhi- 110048, India

Date of Birth/Age :

11.01.1980

Date of Appointment :

25.06.2011

DIN No. :

00405984

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	L27201MH1983PLC233813	JINDAL DRILLING AND INDUSTRIES LIMITED	Managing director	01-01-2012	19-05-1998	-	Active	NO
2	U51109WB1994PLC064822	SPARLERK DEALCOMM LTD	Director	31-03-2009	01-01-2003	20-03-2013	Active	NO
3	U29120DL1970PLC005281	JINDAL PIPES LIMITED	Managing director	01-02-2005	01-02-2005	-	Not Available for eFiling	NO
4	U27101UP1970PLC020637	JINDAL PIPES LIMITED	Managing director	01-02-2010	01-02-2005	-	Active	NO
5	U74991DL2006PLC148826	JCO GAS PIPE LIMITED	Director	16-05-2006	16-05-2006	30-09-2011	Active	NO
6	U67120MH1983PLC031110	BRAHMA DEV HOLDING AND TRADING LIMITED	Director	29-09-2009	12-03-2009	-	Active	NO
7	U14200KA2008PLC045891	DAKSHIN MINES AND MINERALS LIMITED	Director	29-09-2009	31-03-2009	17-08-2010	Amalgamated	NO
8	U10100DL2009PLC191466	GONDKHARI COAL MINING LIMITED	Director	22-06-2009	22-06-2009	-	Active	NO
9	U11101DL2009PLC193022	JINDAL HYDROCARBONS LIMITED	Director	29-09-2010	11-01-2010	15-03-2013	Active	NO
10	U11100HR2010PLC039993	JINDAL EXPLODRILL LIMITED	Director	27-09-2010	10-05-2010	15-03-2013	Active	NO
11	U72200WB1996PTC153567	SIGMA INFRASTRUCTURE PRIVATE LIMITED.	Director	28-09-2010	09-06-2010	09-03-2011	Active	NO
12	U28999DL1971PLC005782	STEEL AND METAL TUBES (INDIA) LTD	Director	30-09-2011	25-06-2011	-	Active	NO
13	U67190UP2012PLC049090	JINDAL PIPES FINANCE LIMITED	Director	28-02-2012	28-02-2012	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Vinod Kumar Aggarwal
Designation :	Director

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2014

Names of Shareholders	No. of Shares
Parivendra Kumar	80
Kamal Kishore Gupta	420
Shiv Shankar Aggarwal	2320
Sankarlal Aggarwal	8300
Vinod K Aggarwal	2640
Kamlesh Devi B Aggarwal	5000
Pramod Kumar Aggarwal	5600
Manoj Kumar Aggarwal	8040
Nirmala Devi	500
Chander Bhan Jindal	400
Hari Kishan Jindal	400
Bhagwat Saroop	1400
Nagar Mal Gupta	600
Bimla Devi	600
Ramprakash Shorewala	700

As on 30.09.2014

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Bodies corporate	21.60
Directors or relatives of Directors	60.74
Other top fifty shareholders	17.66
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer of Technologically Improved Steel Pipes and Tubes
Brand Names :	--
Agencies Held :	---
Exports :
Products :	--
Countries :	--
Imports :
Products :	--
Countries :	--
Terms :
Selling :	Cash and Credit [30 days,60 days and 90 days]
Purchasing :	Cash and Credit [30 days,60 days and 90 days]

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 :

End Users and OEMs

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 :

100 (Approximately)

Bankers :

Bank Name:	Canara Bank
Branch:	H-54, Connaught Circus, New Delhi- 110001, India
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):	Cash/Credit= Rs 187.500 Million
Account Operation:	Not Divulged
Remarks: Not Divulged

Facilities :

SECURED LOANS	31.03.2014 (Rs. In Million)	31.03.2013 (Rs. In Million)
LONG TERM BORROWINGS
Vehicle Loan From Bank And Other Vehicle Loan	0.591	1.168
SHORT TERM BORROWINGS
Working Capital Loan From Bank	52.680	52.884
Total	53.271	54.052

Banking Relations :	--
Auditors :
Name :	Kanodia Sanyal and Associates Chartered Accountants
Address :	1520 Ansal Tower, Nehru Place, New Delhi – 110019, India
Income-tax PAN of auditor or auditor's firm :	AAAFK8020A
Memberships :	--
Collaborators :	--
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

As on 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
70000	Equity Shares	Rs.100/- each	Rs. 7.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
63.880	Equity Shares	Rs.100/- each	Rs. 6.388 Million
	Add: Forfeited Shares of Rs 50/- each		Rs 0.403 Million
	Total		Rs 6.791 Million

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	6.791	6.791	6.791
(b) Reserves & Surplus	160.510	156.010	145.313
(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)	167.301	162.801	152.104
(3) Non-Current Liabilities
(a) Long-term Borrowings	6.766	4.883	7.447
(b) Deferred Tax Liabilities (Net)	3.207	1.229	1.704
(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)	9.973	6.112	9.151
(4) Current Liabilities
(a) Short term Borrowings	52.680	52.884	66.959
(b) Trade Payables	77.921	57.964	2.220
(c) Other Current Liabilities	3.215	7.482	4.605
(d) Short-Term Provisions	3.574	3.232	2.107
Total Current Liabilities (4)	137.390	121.562	75.891
TOTAL	314.664	290.475	237.146
II. ASSETS
(1) Non-Current Assets
(a) Fixed Assets
(i) Tangible Assets	135.209	131.586	134.426
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital Work-in-progress	12.072	3.723	2.300
(iv) Intangible Assets under Development	0.000	0.000	0.000
(b) Non-Current Investments	1.798	1.798	1.798
(c) Deferred Tax Assets (net)	0.000	0.000	0.000
(d) Long-Term Loan and Advances	7.574	4.747	1.668
(e) Other Non-Current Assets	0.000	0.000	0.000
Total Non-Current Assets	156.653	141.854	140.192
(2) Current Assets
(a) Current Investments	0.000	0.000	0.000
(b) Inventories	17.318	48.038	27.798
(c) Trade Receivables	94.186	75.982	43.972
(d) Cash and Cash Equivalents	13.978	2.729	1.126
(e) Short-Term Loans and Advances	31.115	19.210	23.427
(f) Other Current Assets	1.414	2.662	0.631
Total Current Assets	158.011	148.621	96.954
TOTAL	314.664	290.475	237.146

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	891.626	814.938	720.3
		Other Income	2.679	0.506	2.049
		TOTAL (A)	894.305	815.444	722.349
Less	EXPENSES
		Cost of Materials Consumed	778.299	710.623	659.372
		Purchases of Stock-in-Trade	46.922	38.253	16.175
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	1.567	5.468	0.222
		Employees benefits expense	7.369	5.799	5.309
		Extraordinary items	0.000	0.000	(0.115)
		Other expenses	43.168	33.840	24.819
		TOTAL (B)	877.325	793.983	705.782
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		16.980	21.461	16.567
Less	FINANCIAL EXPENSES (D)		7.315	8.129	10.951
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		9.665	13.332	5.616
Less/ Add	DEPRECIATION/ AMORTISATION (F)		2.319	2.352	2.207
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)		10.478	10.979	3.409
Less	TAX (H)		5.478	(0.217)	2.911
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)		5.000	11.196	0.498
	Earnings / (Loss) Per Share (Rs.)		78.27	175.27	7.81

Expected Sales (2014-2015): Rs. 10.000 Million

The above information has been parted by Mr. Vinod Kumar Aggarwal (Director)

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT/Sales)	(%)	0.56	1.37	0.07
Operating Profit Margin (PBIDT/Sales)	(%)	1.90	2.63	2.30
Return on Total Assets (PBT/Total Assets}	(%)	3.48	3.85	1.46
Return on Investment (ROI) (PBT/Networth)		0.06	0.07	0.02
Debt Equity Ratio (Total Debt/Networth)		0.36	0.35	0.49
Current Ratio (Current Asset/Current Liability)		1.15	1.22	1.28

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	6.791	6.791	6.791
Reserves & Surplus	145.313	156.010	160.510
Net worth	152.104	162.801	167.301
long-term borrowings	7.447	4.883	6.766
Short term borrowings	66.959	52.884	52.680
Total borrowings	74.406	57.767	59.446
Debt/Equity ratio	0.489	0.355	0.355

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	720.300	814.938	891.626
		13.139	9.410

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	720.300	814.938	891.626
Profit	0.498	11.196	5.000
	0.07%	1.37%	0.56%

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	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	No
18]	Major customers	No
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	--
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

UNSECURED LOANS

PARTICULARS	31.03.2014 (Rs. In Million)	31.03.2013 (Rs. In Million)
LONG TERM BORROWINGS
From Directors	3.260	1.675
From Shareholders And Relatives	2.915	2.040
Total	6.175	3.715

FIXED ASSETS

• Free Hold Land
• Shed and Building
• Flat at Mumbai
• Labour Quarters
• Plant and Machinery
• Elect. Installation
• Tubewell
• Vehicles
• Computer Set
• Cycle
• Furniture and Fixture,etc

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. 64.20
UK Pound	1	Rs. 100.03
Euro	1	Rs. 71.91

INFORMATION DETAILS

Information Gathered by :	PPT
Analysis Done by :	RAS
Report Prepared by :	IND

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	NO
--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.