MIRA INFORM REPORT

Report No. :	322640
Report Date :	20.05.2015

IDENTIFICATION DETAILS

Name :	DALMIA CEMENT (BHARAT) LIMITED (w.e.f. 31.12.2010)
Formerly Known As :	AVNIJA PROPERTIES LIMITED
Registered Office :	Dalmiapuram District Tiruchirappalli - 621651, Tamilnadu
Tel. No.:	91-44-28279933
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	04.07.1996
Com. Reg. No.:	18-035963
Capital Investment / Paid-up Capital :	Rs. 2529.200 Million
CIN No.: [Company Identification No.]	U65191TN1996PLC035963
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AADCA9414C
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Subject is engaged in the manufacturing and selling of cement.
No. of Employees :	400 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

A (65)

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. Fundamentals of the company are decent. Financial position of the company is strong is and healthy. Rating also derives strength from promoter‘s extensive experience in the industry and long operational track record of seven decades in the cement industry. Trade relations are reported as fair. Business is active. Payments are reported to be regular and as per commitment. Subject can be considered good 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 – March 31, 2015

Country Name	Previous Rating (31.12.2014)	Current Rating (31.03.2015)
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	CARE
Rating	Long Term Rating = AA-
Rating Explanation	High Degree Of Safety And Very Low Credit Risk
Date	April 21, 2015

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 (GENERAL INFORMATION)

Name :	Mr. Deepak
Designation :	Purchaser Executive
Contact No.:	91-44-28279933
Date :	15.05.2015

LOCATIONS

Registered Office :	Dalmiapuram District Tiruchirappalli - 621651, Tamilnadu, India
Tel. No.:	91-44-28279933
Fax No.:	91-4329-235122 / 235111
E-Mail :	r.guru@dalmiacement.com s.natarajam@dalmiacement.com s.ranjith@dalmiacement.com dal_ref@satyam.net.in kv.mohan@dalmiabharat.com
Website :	http://www.dalmiacement.com
Area :	Owned
Location :	Commercial
Corporate Office :	Hansalaya, 11^th and 12^th Floor, 15, Barakhamba Road, New Delhi - 110 001, India
Tel. No.:	91-11-23310121 / 23 / 24 / 25
Fax No.:	91-11-23313303
Cement Business Office:	Fagun Mansion, 4^th Floor, 26, Ethiraj Salai, Egmore, Chennai - 600 008, Tamilnadu, India
Tel. No.:	91-44-28279933 / 2896
Fax No.:	91-44-28276508
Factory :	Located At Dalmiapuram Kadapa Arilayur
Regional Offices and Customer Care Centres 1 :	101, Embassy Square, 148, Infantry Road, Bangalore - 560 001, Karnataka, India
Regional Offices and Customer Care Centre:	Located At Andhra Pradesh Karnataka Kerala Tamilnadu

DIRECTORS

As on 28.08.2014

Name :

Mr. Venkatesan Thyagarajan

Designation :

Managing director

Address :

Rajendra 4^th Floor, No.1, 2^nd Floor Street Prithvi Avenue Abiramapuram, Chennai – 600026, Tamilnadu, India

Date of Birth/Age :

04.10.1952

Qualification :

B.A. (Economics), FCA

Date of Appointment :

08.08.2014

DIN No.:

00124050

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	U31300TN2001PLC069645	MALCO Energy Limited	Director	07/02/2006	07/02/2006	19/12/2006	Active	NO
2	L26942TN1951PLC000640	DALMIA BHARAT SUGAR AND INDUSTRIES LIMITED	Director	29/10/2010	01/11/2007	-	Active	NO
3	U40109TN2006PLC058819	DCB POWER VENTURES LIMITED	Director	25/08/2011	01/09/2010	-	Active	NO
4	U65191TN1996PLC035963	Dalmia Cement (Bharat) Limited	Managing director	08/08/2014	01/09/2010	-	Active	NO
5	U26959AS2008PLC008717	ADHUNIK MSP CEMENT (ASSAM) LIMITED	Director	30/08/2013	27/09/2012	-	Active	NO
6	U26942ML2003PLC007090	ADHUNIK CEMENT LIMITED	Director	28/09/2012	28/09/2012	-	Active	NO
7	U26942AS2004PLC007538	CALCOM CEMENT INDIA LIMITED	Director	28/12/2012	31/10/2012	-	Active	NO
8	U10100MH2009PTC191907	KHAPPA COAL COMPANY PRIVATE LIMITED	Nominee director	13/05/2013	13/05/2013	-	Active	NO

Name :

Mr. Sanjay Omprakash Nayar

Designation :

Director

Address :

Flat No. 9, the Rushilla Co-operative Housing Society, 17/C, Carmichael Road, Mumbai – 400026, Maharashtra, India

Date of Birth/Age :

13.10.1960

Qualification :

Mechanical Engineer, MBA(Finance)

Date of Appointment :

08.08.2011

DIN No.:

00002615

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	U65990MH1984PLC033929	TCS e-Serve Limited	Nominee director	30/10/2001	30/10/2001	01/01/2009	Amalgamated	NO
2	U65900MH1997FLC109170	CITICORP FINANCE (INDIA) LIMITED	Director	20/12/2001	20/12/2001	31/01/2009	Amalgamated	NO
3	U67120MH2002PLC136776	CITICORP CAPITAL MARKETS LIMITED	Director	08/08/2002	08/08/2002	27/02/2009	Amalgamated	NO
4	U72200KA2004PLC072927	WIPRO TECHNOLOGY SERVICES LIMITED	Director	15/09/2004	15/09/2004	20/01/2009	Amalgamated	NO
5	U80101MH2002NPL136300	Pratham Education Foundation	Director	01/08/2005	01/08/2005	-	Active	NO
6	U63090MH2005PLC157251	Citicorp Clearing Services India Limited	Director	10/11/2005	10/11/2005	31/01/2009	Amalgamated	NO
7	U45201DL2005PTC142019	VALLEYVIEW PROBUILD PRIVATE LIMITED	Director	23/10/2006	23/10/2006	-	Active	NO
8	U80100TG1997NPL036631	INDIAN SCHOOL OF BUSINESS	Director	11/11/2006	11/11/2006	-	Active	NO
9	U67190MH2009FTC189794	KKR India Advisors Private Limited	Director	22/01/2009	22/01/2009	-	Active	NO
10	U67190TN1995PTC030045	KKR India Financial Services Private Limited	Director	15/09/2014	23/12/2009	-	Active	NO
11	U70102DL2010PTC198190	HERITAGE VIEW DEVELOPERS PRIVATE LIMITED	Director	20/01/2010	20/01/2010	-	Active	NO
12	U65923MH2007PLC168721	GRAMEEN CAPITAL INDIA LIMITED	Director	30/09/2010	26/02/2010	-	Active	NO
13	U55101KA2008PLC046866	COFFEE DAY ENTERPRISES Limited	Nominee director	30/03/2010	30/03/2010	-	Active	NO
14	U85110KA1993PLC015001	COFFEE DAY GLOBAL LIMITED	Director	30/06/2010	07/06/2010	-	Active	NO
15	U10300DL2007PLC171250	DALMIA CEMENT VENTURES LIMITED	Director	24/09/2010	03/09/2010	30/05/2013	Amalgamated	NO
16	U65191TN1996PLC035963	Dalmia Cement (Bharat) Limited	Director	08/08/2011	03/09/2010	-	Active	NO
17	L64201DL2006PLC156038	Bharti Infratel Limited	Director	03/07/2013	31/01/2011	13/03/2015	Active	NO
18	L51504WB1978PLC031813	MAGMA FINCORP LIMITED	Director	12/07/2012	01/07/2011	-	Active	NO
19	U40101DL2005PLC138906	AVANTHA POWER & INFRASTRUCTURE LIMITED	Director	01/11/2011	08/08/2011	27/11/2014	Active	NO
20	U80904MH2011NPL222392	Pratham Institute for Literacy Education and Vocational Training	Director	26/09/2011	26/09/2011	-	Active	NO
21	U25111MH2007PTC172456	ATC TIRES PRIVATE LIMITED	Director	26/06/2013	26/06/2013	-	Active	NO
22	U67190MH2013PTC245486	Grameen Capital Investment Advisors Private Limited	Director	11/07/2013	11/07/2013	-	Active	NO
23	L85110TN1979PLC008035	APOLLO HOSPITALS ENTERPRISE LIMITED	Director	25/08/2014	10/02/2014	-	Active	NO
24	U70109DL2014PTC265573	SEA VIEW PROBUILD PRIVATE LIMITED	Director	28/02/2014	28/02/2014	-	Active	NO
25	U24239AP1978PLC002276	GLAND PHARMA LTD	Nominee director	17/06/2014	17/06/2014	-	Active	NO
26	U74120MH2015PTC262096	FSN Brands Marketing Private Limited	Director	19/02/2015	19/02/2015	-	Active	NO
27	U70102MH2015PTC262925	SEALINK VIEW PROBUILD PRIVATE LIMITED	Director	23/03/2015	23/03/2015	-	Active	NO

Name :

Mr. Jai Hari Dalmia

Designation :

Director

Address :

1, Tees January Marg, New Delhi – 110011, India

Date of Birth/Age :

18.09.1944

Qualification :

B.E.(Electrical), Masters' In Electrical Engineering

Date of Appointment :

08.08.2011

DIN No.:

00009717

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	U74899DL1974PTC007157	KAVITA TRADING AND INVESTMENT COMPANY PRIVATE LIMITED	Director	22/03/1974	22/03/1974	-	Active	NO
2	L74899DL1944PLC000759	ALIROX ABRASIVES LIMITED	Director	14/05/1978	14/05/1978	-	Active	NO
3	U65993DL1982PLC182919	MAYUKA INVESTMENT LIMITED	Director	07/09/1992	07/09/1992	-	Active	NO
4	U65993DL1974PLC007130	SITA INVESTMENT COMPANY LIMITED	Director	08/10/1992	08/10/1992	-	Active	NO
5	U74899DL1972PTC006238	RAMA INVESTMENT CO PRIVATE LTD	Director	30/09/1997	30/09/1997	-	Active	NO
6	L26942TN1951PLC000640	DALMIA BHARAT SUGAR AND INDUSTRIES LIMITED	Managing director	01/04/2012	01/04/2007	-	Active	NO
7	U10300DL2007PLC171250	DALMIA CEMENT VENTURES LIMITED	Additional director	20/10/2009	20/10/2009	24/05/2010	Amalgamated	NO
8	U24233DL2007PLC166943	Dalmia Sugar Ventures Limited	Director	30/08/2010	27/10/2009	-	Active	NO
9	U65191TN1996PLC035963	Dalmia Cement (Bharat) Limited	Director	08/08/2011	15/11/2010	-	Active	NO
10	L40109TN2006PLC058818	DALMIA BHARAT LIMITED	Managing director	01/04/2011	11/02/2011	-	Active	NO

Name :

Mr. Yadu Hari Dalmia

Designation :

Director

Address :

18, Golf Links, New Delhi – 110003, India

Date of Birth/Age :

02.06.1947

Qualification :

B.Com (H), FCA

Date of Appointment :

08.08.2011

DIN No.:

00009800

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	U74899DL1972PTC006238	RAMA INVESTMENT CO PRIVATE LTD	Director	05/08/1972	05/08/1972	-	Active	NO
2	U74899DL1974PTC007151	PUNEET TRADING AND INVESTMENT COmpany private limited	Director	22/03/1974	22/03/1974	27/09/2013	Active	NO
3	U65993DL1982PLC182919	MAYUKA INVESTMENT LIMITED	Director	07/09/1992	07/09/1992	-	Active	NO
4	L26942OR1949PLC000185	OCL INDIA LIMITED	Director	17/05/2005	17/05/2005	14/05/2008	Active	NO
5	L26942TN1951PLC000640	DALMIA BHARAT SUGAR AND INDUSTRIES LIMITED	Managing director	16/01/2012	16/01/2007	01/11/2013	Active	NO
6	U65191TN1996PLC035963	Dalmia Cement (Bharat) Limited	Director	08/08/2011	09/02/2011	-	Active	NO
7	L40109TN2006PLC058818	DALMIA BHARAT LIMITED	Managing director	11/02/2011	11/02/2011	-	Active	NO
8	U74900DL2013PTC252049	Shri Yadu Hari Trusteeship Services Private Limited	Director	15/05/2013	15/05/2013	-	Active	NO
9	U74999DL2013PTC252358	YHD Trusteeship Services Private Limited	Director	20/05/2013	20/05/2013	-	Active	NO

Name :

Mr. Gautam Dalmia

Designation :

Managing director

Address :

1, Tees January Marg, New Delhi – 110011, India

Date of Birth/Age :

14.01.1968

Qualification :

B.S. And M.S Degrees In Electrical Engineering

Date of Appointment :

09.02.2011

DIN No.:

00009758

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	U74899DL1974PTC007157	KAVITA TRADING AND INVESTMENT COMPANY PRIVATE LIMITED	Director	21/10/1995	21/10/1995	-	Active	NO
2	U45203DL1994PLC116832	ISHITA PROPERTIES LIMITED	Director	16/12/1998	16/12/1998	01/02/2010	Active	NO
3	U85110MH1998PLC226134	INDUS-LEAGUE CLOTHING LIMITED	Director	17/04/1999	17/04/1999	21/11/2011	Active	NO
4	U74899DL1972PTC006238	RAMA INVESTMENT CO PRIVATE LTD	Director	18/08/1999	18/08/1999	-	Active	NO
5	U65993DL1974PLC007130	SITA INVESTMENT COMPANY LIMITED	Director	28/10/2000	28/10/2000	-	Active	NO
6	L67120WB1980PLC032522	KANODIA COMMERCIAL LTD	Director	16/05/2001	16/05/2001	-	Amalgamated	NO
7	U72200TN2002PTC049583	MOBIUS KNOWLEDGE SERVICES PRIVATE LIMITED	Director	28/09/2007	12/12/2006	-	Active	NO
8	L26942TN1951PLC000640	DALMIA BHARAT SUGAR AND INDUSTRIES LIMITED	Managing director	16/01/2012	16/01/2007	-	Active	NO
9	U10300DL2007PLC171250	DALMIA CEMENT VENTURES LIMITED	Director	25/09/2008	19/02/2008	-	Amalgamated	NO
10	U65191TN1996PLC035963	Dalmia Cement (Bharat) Limited	Managing director	09/02/2011	09/02/2011	-	Active	NO
11	L40109TN2006PLC058818	DALMIA BHARAT LIMITED	Director	26/08/2011	11/02/2011	-	Active	NO
12	U72900TN2014PTC094618	Mobius365 Data Services Private Limited	Director	20/01/2014	20/01/2014	-	Active	NO

Name :

Mr. Puneet Yadu Dalmia

Designation :

Managing director

Address :

18, Golf Links, New Delhi – 110003, India

Date of Birth/Age :

15.10.1972

Qualification :

B. Tech, MBA

Date of Appointment :

09.02.2011

DIN No.:

00022633

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	U29191TN1992PTC022512	DALMIA ELECTRODYN TECHNOLOGIES PRIVATE LIMITED	Director	20/04/1992	20/04/1992	24/08/2011	Active	NO
2	U74899DL1974PTC007151	PUNEET TRADING AND INVESTMENT COmpany private limited	Director	27/07/1998	27/07/1998	28/04/2012	Active	NO
3	U72900DL1999PTC100440	ZIPAHEAD.COM Private Limited	Director	29/06/1999	29/06/1999	-	Active	NO
4	U74899DL1972PTC006238	RAMA INVESTMENT CO PRIVATE LTD	Director	23/08/1999	23/08/1999	-	Active	NO
5	U65993WB1983PLC035766	ANKITA PRATISTHAN LIMITED	Director	11/05/2001	11/05/2001	-	Active	NO
6	U74899DL2000PTC103127	NETCARROTS COM PRIVATE LIMITED	Director	01/11/2002	01/11/2002	31/08/2007	Active	NO
7	U67190MH2004PLC150329	CAPITAL FIRST INVESTMENT ADVISORY LIMITED	Director	23/02/2005	23/02/2005	06/12/2007	Active	NO
8	L26942TN1951PLC000640	DALMIA BHARAT SUGAR AND INDUSTRIES LIMITED	Managing director	16/01/2012	16/01/2007	01/11/2013	Active	NO
9	U10300DL2007PLC171250	DALMIA CEMENT VENTURES LIMITED	Director	25/09/2008	19/02/2008	-	Amalgamated	NO
10	L26942OR1949PLC000185	OCL INDIA LIMITED	Director	22/09/2008	15/05/2008	-	Active	NO
11	U65191TN1996PLC035963	Dalmia Cement (Bharat) Limited	Managing director	09/02/2011	09/02/2011	-	Active	NO
12	L40109TN2006PLC058818	DALMIA BHARAT LIMITED	Director	26/08/2011	11/02/2011	-	Active	NO
13	U65991TN2007PLC064133	TVS CAPITAL FUNDS LIMITED	Director	27/09/2011	15/02/2011	-	Amalgamated	NO
14	U67100DL2011PLC214079	NEW HABITAT HOUSING FINANCE AND DEVELOPMENT LIMITED	Additional director	11/03/2011	11/03/2011	20/06/2012	Active	NO
15	U60300DL2012PTC236924	Dalmia Bharat Logistics Private Limited	Director	04/06/2012	04/06/2012	06/07/2012	Active	NO
16	U65191TN1994PLC028851	TVS Capital Funds Limited	Director	01/09/2014	01/11/2013	-	Active	NO
17	U80904DL2008NPL181771	INTERNATIONAL FOUNDATION FOR RESEARCH AND EDUCATION	Director	30/09/2014	29/01/2014	-	Active	NO
18	AAB-6077	SHUBH HOME REALTORS LLP	Designated Partner	26/06/2013	26/06/2013	-	Active	NO

Name :

Mr. Nagarajan Gopalaswamy

Designation :

Director

Address :

Flat C-I, 5A, Ramachan Drapuram, Tennur, Tiruchipalli – 420017, Tamilnadu, India

Date of Birth/Age :

06.02.1932

Qualification :

B.Sc, B.E. (Chemical)

Date of Appointment :

28.08.2014

DIN No.:

00017659

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	L26942TN1951PLC000640	DALMIA BHARAT SUGAR AND INDUSTRIES LIMITED	Director	25/07/2008	01/08/1989	15/12/2011	Active	NO
2	L24117RJ1991PLC006307	PODDAR PIGMENTS LIMITED	Director	01/07/1994	01/07/1994	-	Active	NO
3	L24297TN1973PLC006372	DALMIA REFRACTORIES LIMITED	Director	12/08/2014	30/04/1999	-	Active	NO
4	U40109TN2006PLC058819	DCB POWER VENTURES LIMITED	Director	10/02/2006	10/02/2006	-	Active	NO
5	U14107TN2006PLC058820	SRI SWAMINATHA MINES & MINERALS LIMITTED	Director	10/02/2006	10/02/2006	10/03/2015	Active	NO
6	U14107TN2006PLC058817	SRI SHANMUGHA MINES & MINERALS LIMITED	Director	10/02/2006	10/02/2006	10/03/2015	Active	NO
7	U14107TN2006PLC058816	SRI SUBRAMANYA MINES & MINERALS LIMITED	Director	10/02/2006	10/02/2006	10/03/2015	Active	NO
8	L40109TN2006PLC058818	DALMIA BHARAT LIMITED	Director	30/08/2014	10/02/2006	-	Active	NO
9	U65993TN1987PLC014964	INTEGRATED ENTERPRISES (INDIA) LIMITED	Director	24/04/2009	24/04/2009	-	Active	NO
10	U65191TN1996PLC035963	Dalmia Cement (Bharat) Limited	Director	28/08/2014	09/02/2011	-	Active	NO
11	U45209DL2008PLC175321	Dalmia Cement East Limited	Director	30/03/2015	26/11/2014	-	Active	NO
12	U26950TN2014PLC095685	Shri Rangam Securities & Holdings Limited	Director	20/03/2015	20/03/2015	-	Active	NO
13	U26911TN2014PLC095681	Dalmia Bharat Cements Holdings Limited	Director	20/03/2015	20/03/2015	-	Active	NO

Name :

Mr. Ghyanendra Nath Bajpai

Designation :

Director

Address :

131, Shan Apartments, KD Marg, Prabhadevi, Mumbai – 400028, Maharashtra, India

Date of Birth/Age :

06.07.1942

Qualification :

B.Com(H), L.L.B. and M.Com

Date of Appointment :

28.08.2014

DIN No.:

00946138

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	U32202DL1986PTC024575	INFOMERICS VALUATION AND RATING PRIVATE LIMITED	Director	17/03/2005	17/03/2005	12/12/2012	Active	NO
2	U74999MH2003PTC139774	INVENT ASSETS SECURITISATION AND RECONSTRUCTION PRIVATE LIMITED	Director	26/05/2005	26/05/2005	-	Active	NO
3	U74100MH2005PTC154587	INTUIT CONSULTING PRIVATE LIMITED	Director	07/07/2005	07/07/2005	-	Active	NO
4	U72200MH2005PTC153209	EPITOME GLOBAL SERVICES PRIVATE LIMITED	Director	23/12/2005	23/12/2005	18/09/2008	Active	NO
5	U66010MH2006PLC165288	Future Generali India Life Insurance Company Limited	Director	23/11/2007	16/03/2007	-	Active	NO
6	U66030MH2006PLC165287	Future Generali India Insurance Company Limited	Director	23/11/2007	16/03/2007	-	Active	NO
7	L17120MH1984PLC033553	MANDHANA INDUSTRIES LIMITED	Director	18/09/2014	16/05/2007	-	Active	NO
8	U74899DL2001NPL109345	INTERNATIONAL DEVELOPMENT ENTERPRISES (INDIA)	Director	25/06/2007	25/06/2007	-	Active	NO
9	U45201DL2005PLC133161	EMAAR MGF LAND LIMITED	Director	24/09/2007	19/09/2007	24/04/2012	Active	NO
10	L65191KL1927PLC000307	DHANLAXMI BANK LIMITED	Director	07/05/2008	26/09/2007	06/11/2012	Active	NO
11	L29120MH2005PLC156795	CAPITAL FIRST LIMITED	Director	14/08/2008	27/09/2007	28/09/2012	Active	NO
12	U72900MH2002PTC134544	AMBER SERVICES PRIVATE LIMITED	Director	24/07/2008	22/10/2007	28/09/2012	Active	NO
13	L07010KA2004PLC033412	NITESH ESTATES LIMITED	Director	26/09/2014	29/11/2007	-	Active	NO
14	U67190MH2005PLC157444	Future Capital Investment Advisors Limited	Director	31/07/2008	04/01/2008	25/05/2010	Amalgamated	NO
15	U67190MH2004PLC150329	CAPITAL FIRST INVESTMENT ADVISORY LIMITED	Director	21/07/2008	04/01/2008	25/05/2010	Active	NO
16	L52602MH1996PLC192090	FUTURE CONSUMER ENTERPRISE LIMITED	Director	26/08/2014	20/02/2008	-	Active	NO
17	U67190MH2005PTC155404	INVENT ARC PRIVATE LIMITED	Director	24/09/2008	16/05/2008	-	Active	NO
18	L26942TN1951PLC000640	DALMIA BHARAT SUGAR AND INDUSTRIES LIMITED	Director	25/07/2008	22/05/2008	02/02/2011	Active	NO
19	L85110KA1995PLC018045	Kingfisher Airlines Limited	Director	26/12/2008	15/10/2008	09/01/2012	Active	NO
20	U74899DL2000PLC103606	SHRIRAM NEW HORIZONS LIMITED	Director	30/09/2010	23/10/2009	07/05/2014	Active	NO
21	U65922DL1988PLC033856	PNB HOUSING FINANCE LIMITED	Director	09/12/2009	09/12/2009	08/08/2014	Active	NO
22	L31400WB1986PLC091621	USHA MARTIN LIMITED	Director	31/07/2014	18/03/2010	-	Active	NO
23	U65933DL1991PLC266069	Ultimate Investofin Limited	Additional director	26/07/2010	26/07/2010	23/08/2010	Active	NO
24	U00000DL2000PLC104823	MICROMAX INFORMATICS LIMITED	Director	03/09/2014	21/09/2010	-	Active	NO
25	L74999MH1908PLC000291	WALCHANDNAGAR INDUSTRIES LIMITED	Director	13/02/2015	27/12/2010	-	Active	NO
26	U65191TN1996PLC035963	Dalmia Cement (Bharat) Limited	Director	28/08/2014	09/02/2011	-	Active	NO
27	U80302TG2002NPL039397	INSTITUTE OF INSURANCE AND RISK MANAGEMENT	Director	08/08/2012	24/10/2011	02/03/2015	Active	NO
28	L01551KA1999PLC024991	United Spirits Limited	Director	25/09/2012	20/01/2012	30/09/2014	Active	NO
29	L17122UP1988PLC009985	SHRI LAKSHMI COTSYN LIMITED	Additional director	14/08/2012	14/08/2012	28/02/2013	Active	NO

Name :

Mr. Asanka Haren Edirimuni Rodrigo

Designation :

Director

Address :

4202, 42 Floor, Planet Godrej Tower, 2 S, Compound, K K Marg, Jacob Circle, Saat Rasta, Mahalaxmi, Mumbai – 400011, Maharashtra, India

Date of Birth/Age :

12.02.1971

Date of Appointment :

08.08.2011

DIN No.:

03010463

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	L26942TN1951PLC000640	DALMIA BHARAT SUGAR AND INDUSTRIES LIMITED	Alternate director	18/03/2010	18/03/2010	01/06/2011	Active	NO
2	U65191TN1996PLC035963	Dalmia Cement (Bharat) Limited	Director	08/08/2011	20/05/2011	15/05/2014	Active	NO
3	L40109TN2006PLC058818	DALMIA BHARAT LIMITED	Director	24/08/2013	26/05/2011	15/05/2014	Active	NO
4	U34102MH1999PTC123296	ENDURANCE TECHNOLOGIES Private Limited (CN)	Director	29/08/2012	22/12/2011	-	Active	NO

Name :

Mr. Rajeev Gupta

Designation :

Additional director

Address :

Krishna Kutir, Ground Floor, 28 Union Park, Khar, Mumbai – 400052, Maharashtra, India

Date of Birth/Age :

19.03.1958

Date of Appointment :

28.08.2014

DIN No.:

00241501

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	L92114DL1976PLC008355	COSMO FILMS LIMITED	Director	25/09/2014	19/02/2002	-	Active	NO
2	U74140MH2000PTC167855	CARLYLE INDIA ADVISORS PRIVATE LIMITED	Managing director	15/07/2005	15/07/2005	01/01/2011	Active	NO
3	L27100PB2010PLC033930	VARDHMAN SPECIAL STEELS LIMITED	Director	24/09/2014	15/03/2011	-	Active	NO
4	U36101MH2000PLC129024	BP ERGO LIMITED	Director	16/08/2011	12/05/2011	13/08/2012	Active	NO
5	U65191TN1996PLC035963	Dalmia Cement (Bharat) Limited	Director	28/08/2014	08/08/2011	-	Active	NO
6	U65991TN2007PLC064133	TVS CAPITAL FUNDS LIMITED	Director	19/07/2012	11/11/2011	-	Amalgamated	NO
7	L55101WB1949PLC017981	EIH LIMITED	Director	06/08/2014	01/11/2012	-	Active	NO
8	L25200MH1968PLC013914	V I P INDUSTRIES LIMITED	Director	28/06/2013	07/02/2013	-	Active	NO
9	U65100MH2013PTC241310	Arpwood Capital Private Limited	Director	25/03/2013	25/03/2013	-	Active	NO
10	U65923MH2013PTC245361	Arpwood Holdings Private Limited	Director	09/07/2013	09/07/2013	19/08/2013	Active	NO
11	U65191TN1994PLC028851	TVS Capital Funds Limited	Director	01/09/2014	01/11/2013	-	Active	NO
12	L01551KA1999PLC024991	United Spirits Limited	Additional director	23/12/2014	23/12/2014	-	Active	NO
13	AAD-4983	ARPWOOD PARTNERS INVESTMENT ADVISORS LLP	Body corporate as Designated Partner	05/03/2015	05/03/2015	-	Active	NO

Name :

Mr. Mahendra Singhi

Designation :

Whole Time Director

Address :

B - 36, Malcha Marg, New Delhi - 110021, Delhi, India

Date of Birth/Age :

30.09.1952

Date of Appointment :

11.02.2014

DIN No.:

00243835

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	U51432RJ2002PLC017427	SHREE CEMENT MARKETING LIMITED	Director	11/02/2002	11/02/2002	06/12/2013	Active	NO
2	L26943RJ1979PLC001935	SHREE CEMENT LIMITED	Whole-time director	01/04/2013	26/04/2002	07/12/2013	Active	NO
3	U65191TN1996PLC035963	Dalmia Cement (Bharat) Limited	Whole-time director	11/02/2014	11/02/2014	-	Active	NO

Name :

Mr. Paul Heinz Hugentobler

Designation :

Director

Address :

Eschenweg 10 CH - 8645, Jona

Date of Birth/Age :

14.02.1949

Date of Appointment :

28.08.2014

DIN No.:

00452691

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	U26943DL2002PTC116851	HOLCIM (INDIA) PRIVATE LIMITED	Nominee director	05/08/2003	05/08/2003	03/07/2013	Active	NO
2	U65993DL1999PTC192225	AMBUJA CEMENT INDIA PRIVATE LIMITED	Nominee director	07/04/2005	07/04/2005	-	Amalgamated	NO
3	L26940MH1936PLC002515	ACC Limited	Director	06/05/2005	06/05/2005	07/02/2014	Active	NO
4	L26942GJ1981PLC004717	AMBUJA CEMENTS LIMITED	Nominee director	26/03/2007	03/05/2006	07/02/2014	Active	NO
5	U72200MH2006PLC161092	HOLCIM SERVICES (SOUTH ASIA) LIMITED	Nominee director	12/06/2006	12/06/2006	05/02/2014	Active	NO
6	U51909MH2007PLC170646	ACC Concrete Limited	Director	21/01/2008	21/01/2008	-	Amalgamated	NO
7	U65191TN1996PLC035963	Dalmia Cement (Bharat) Limited	Director	28/08/2014	14/05/2014	-	Active	NO
8	L17229UP1994PLC017199	J. K. CEMENT LIMITED.	Director	26/07/2014	17/05/2014	-	Active	NO

KEY EXECUTIVES

Name :	Ms. Manisha Bansal
Designation :	Secretary
Address :	D-254, First Floor, Anand Vihar, Delhi – 110092, India
Date of Birth/Age :	04.08.1976
Date of Appointment :	08.08.2011
PAN No.:	AQJPB3538K

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 28.08.2014

Names of Shareholders	No. of Shares
Dalmia Bharat Limited, India	214999994
Sundaresan S.	1
Sundararaj V.	1
Gopal V. K.	1
Gururajan R.	1
Ganesan M.	1
Santhanam N.	1
KKR Mauritius Cement Investment Limited, India	37919005
Total	252919005

Equity Share Break up (Percentage of Total Equity)

As on 28.08.2014

Category	Percentage
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	14.99
Bodies corporate	85.01
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged in the manufacturing and selling of cement.

Products :

Item Code No.	Product Description
2523	Portland Cement Almnous Cement ('Cement Fondu')Slag Cement Etc and SMLR HYDRLC Cements W/N CLRD/IN The Form Of Clinkers

Brand Names :

Not Divulged

Agencies Held :

Not Divulged

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Selling :

Cash, Cheque and Credit (30,60 and 90 days)

Purchasing :

Cash, Cheque and Credit (30,60 and 90 days)

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 :

Wholesaler, Retailers

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 :

400 (Approximately)

Bankers :

Bank Name	Axis Bank Limited
Branch	New Delhi, Delhi, 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

• IDBI Bank Limited
• Punjab National Bank, 74, Janpath, New Delhi - 110001, Delhi, India

Facilities :

Secured Loan	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Long-term Borrowings
Term Loan	23696.800	20054.300
Short-term borrowings
Despite from others	4303.200	2433.800
Total	28000.000	22488.100

Auditors :
Name :	S. R. Batliboi and Company LLP Chartered Accountants
Address :	Golf View Corporate Tower B, Sector 42, Sector Road, Gurgaon-122 002, Haryana, India
PAN N Income-tax PAN of auditor or auditor's firm :	AALFS0506L
Memberships :	Not Available
Collaborators :	Not Available
Holding Company :	Dalmia Bharat Limited
Subsidiaries :	Adhunik Cement Limited, India CIN NO.:U26942ML2003PLC007090 Calcom Cement India Limited, India CIN NO.:U26942AS2004PLC007538 Dalmia Cement Ventures Limited, India CIN NO.: U10300DL2007PLC171250 Dalmia Minerals and Properties Limited, India CIN NO.:U14107TN2005PLC057327 Geetee Estates Limited, India CIN NO.:U65993TN1996PLC035965 Hemshila Properties Limited, India CIN NO.: U65191TN1996PLC035962 Ishita Properties Limited, India CIN NO.: U45203DL1994PLC116832 Rajputana Properties Private Limited, India CIN NO.: U45201RJ2008PTC025767 Shri Shanmugha Mines and Minerals Limited, India Sri Swaminatha Mines and Minerals Limited, India Sri Madhusudana Mines and Properties Limited, India
Others:	Dalmia Bharat Sugar and Industries Limited, India Shri Nataraj Ceramic and Chemical Industries Limited, India Keshav Power Limited, India
Joint Venture:	Khappa Coal Company Private Limited, India
Associate:	DCB Power Ventures Limited, India OCL India Limited, India CIN NO.: L26942OR1949PLC000185

CAPITAL STRUCTURE

As on 28.08.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
300,000,000,	Equity Shares	Rs.10/- each	Rs. 3000.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
2,529,19,005	Equity Shares	Rs.10/- each	Rs. 2529.200 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	2529.200	2529.200	2529.200
(b) Reserves & Surplus	26453.300	26205.500	24799.000
(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)	28982.500	28734.700	27328.200
(3) Non-Current Liabilities
(a) long-term borrowings	24251.700	20678.700	15015.200
(b) Deferred tax liabilities (Net)	1325.800	1088.300	733.000
(c) Other long term liabilities	474.500	1880.900	702.800
(d) long-term provisions	229.900	200.100	113.000
Total Non-current Liabilities (3)	26281.900	23848.000	16564.000
(4) Current Liabilities
(a) Short term borrowings	4310.200	2441.500	2208.400
(b) Trade payables	1981.600	2020.700	1350.500
(c) Other current liabilities	3005.200	2404.700	1861.800
(d) Short-term provisions	5.800	171.400	165.700
Total Current Liabilities (4)	9302.800	7038.300	5586.400
TOTAL	64567.200	59621.000	49478.600
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	30142.700	29201.400	29659.400
(ii) Intangible Assets	16.300	15.500	17.000
(iii) Capital work-in-progress	7044.300	2620.200	660.600
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	12924.800	13674.300	8920.200
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	3947.100	4442.100	1889.200
(e) Other Non-current assets
Total Non-Current Assets	54075.200	49953.500	41146.400
(2) Current assets
(a) Current investments	3799.700	3843.900	3056.900
(b) Inventories	2462.900	2538.400	2292.000
(c) Trade receivables	1721.600	1601.600	1224.000
(d) Cash and cash equivalents	261.100	522.800	449.100
(e) Short-term loans and advances	2230.300	1152.100	1310.200
(f) Other current assets	16.400	8.700	0.000
Total Current Assets	10492.000	9667.500	8332.200
TOTAL	64567.200	59621.000	49478.600

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Revenue from operation	22785.300	24487.500	22517.000
		Other Income	788.200	757.000	670.800
		TOTAL (A)	23573.500	25244.500	23187.800
Less	EXPENSES
		Cost of materials consumed	2375.000	2356.700	2068.600
		Changes in inventories of finished goods, work-in-progress and stock-in-trade	2.800	0.000	0.000
		Exceptional Item	24.100	(25.300)	3.100
		Employee benefit expense	1269.400	1242.200	1040.800
		Other expenses	15787.600	15429.800	14398.000
		TOTAL (B)	19458.900	19003.400	17510.500
	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		4114.600	6241.100	5677.300
Less	FINANCIAL EXPENSES (D)		2177.200	1963.100	1509.600
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		1937.400	4278.000	4167.700
Less/ Add	DEPRECIATION/ AMORTISATION (F)		1614.000	1588.900	1604.100
	PROFIT/(LOSS) BEFORE TAX (E-F) (G)		323.400	2689.100	2563.600
Less	TAX (H)		406.100	1119.800	1020.900
	PROFIT/(LOSS) AFTER TAX (G-H) (I)		(82.700)	1569.300	1542.700
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		2525.100	1291.500	8.300
Less	APPROPRIATIONS
		Debenture Redemption Reserve (net)	141.700	172.900	97.900
		Dividend	0.000	139.100	139.100
		Tax on Dividend	0.000	23.700	22.500
		Total (M)	141.700	335.700	259.500
	BALANCE CARRIED TO THE B/S		2300.700	2525.100	1291.500
	EARNINGS IN FOREIGN CURRENCY
		Export Of goods at FOB value	256.600	120.300	19.500
	TOTAL EARNINGS		256.600	120.300	19.500
	IMPORTS
		Spares Parts	64.500	58.400	81.300
		Raw Material	15.000	16.700	0.000
		Capital Goods	577.600	695.100	0.000
		Packing Bags	19.000	33.200	0.000
		Coal	3746.500	4837.400	4182.400
	TOTAL IMPORTS		4422.600	5640.800	4263.700
	Earnings Per Share (Rs.)		(0.33)	6.2	6.1

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	1660.000	1211.600	1024.400
Cash generated from operations	N.A	N.A	N.A

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	(0.36)	6.41	6.85
Operating Profit Margin (PBIDT/Sales)	(%)	18.06	25.49	25.21
Return on Total Assets (PBT/Total Assets}	(%)	0.73	6.21	6.43
Return on Investment (ROI) (PBT/Networth)		0.01	0.09	0.09
Debt Equity Ratio (Total Debt /Networth)		1.04	0.85	0.67
Current Ratio (Current Asset/Current Liability)		1.13	1.37	1.49

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	2529.200	2529.200	2529.200
Reserves & Surplus	24799.000	26205.500	26453.300
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	27328.200	28734.700	28982.500
long-term borrowings	15015.200	20678.700	24251.700
Short term borrowings	2208.400	2441.500	4310.200
Current Maturities Of Long-Term Debts	1024.400	1211.600	1660.000
Total borrowings	18248.000	24331.800	30221.900
Debt/Equity ratio	0.668	0.847	1.043

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	22517.000	24487.500	22785.300
		8.751	(6.951)

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	22517.000	24487.500	22785.300
Profit	1542.700	1569.300	(82.700)
	6.85%	6.41%	(0.36)%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check list by info agents	Available in Report (Yes/No)
1	Year of establishment	Yes
2	Constitution of the entity -Incorporation details	Yes
3	Locality of the entity	Yes
4	Premises details	No
5	Buyer visit details	--
6	Contact numbers	Yes
7	Name of the person contacted	Yes
8	Designation of contact person	Yes
9	Promoter’s background	Yes
10	Date of Birth of Proprietor / Partners / Directors	Yes
11	Pan Card No. of Proprietor / Partners	No
12	Voter Id Card No. of Proprietor / Partners	No
13	Type of business	Yes
14	Line of Business	Yes
15	Export/import details (if applicable)	No
16	No. of employees	Yes
17	Details of sister concerns	No
18	Major suppliers	No
19	Major customers	No
20	Banking Details	Yes
21	Banking facility details	No
22	Conduct of the banking account	--
23	Financials, if provided	Yes
24	Capital in the business	Yes
25	Last accounts filed at ROC, if applicable	Yes
26	Turnover of firm for last three years	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last three years	Yes
30	Major shareholders, if available	Yes
31	External Agency Rating, if available	Yes
32	Litigations that the firm/promoter involved in	--
33	Market information	--
34	Payments terms	Yes
35	Negative Reporting by Auditors in the Annual Report	No

NOTE:

ECONOMIC SCENARIO AND OUTLOOK:

In the recent past, the Indian economy has had to overcome varied challenges in its resolve to sustain its economic progress. With the economy projected to have registered a growth rate of 4.9 per cent in 2013-14, the declining trend in growth appears to have reversed. The growth slowdown in India is broadly in line with trends in similar emerging economies. The sharp downturn in growth is owing to the interface of domestic factors with the global economic environment of uncertainties and slow growth in many advanced economies. As per the index of industrial production (IIP), industrial output growth rate was (-) 0.2 per cent during April-November 2013 as compared to 0.9 per cent during the same period of the previous year. The contraction in the growth during current year was largely because of decline in mining sector, capital goods, and consumer goods. Manufacturing, the dominant sector in industry, witnessed contraction of 0.6 per cent during April-November 2013 as compared to a growth of 0.9 per cent in the corresponding period of the previous year. The reasons for sluggishness in manufacturing are multiple. The rise in the policy rates, necessitated by the need to contain inflation, coupled with the bottlenecks facing large projects took toll on investments. The growth rate of gross fixed capital formation (GFCF) has been on the decline from around Q1 2010-11. Further, Indian manufacturing has not moved up the value chain over time. Due to low level of investment in research and development (R&D), India has not seized the growing opportunities available in high and medium technology sectors in the global market such as chemicals, machinery & equipment, electronic goods, etc. The World Economic Outlook (WEO) update released by the International Monetary Fund in January 2014 has revised the growth projection for the world economy slightly upwards to 3.7 per cent for 2014. From 2014 onwards, global growth prospects are projected to improve over the medium term at a gradual pace. In India, several reform measures have been undertaken including clearance of several large projects by the Cabinet Committee on Investment. These steps could help in revival of investment and growth in the economy. In addition, resurgence of exports, prospects of revival in the global economy and moderation in inflation observed recently, point to a better outlook for the Indian economy in 2014-15 vis-?is 2013-14.

CEMENT INDUSTRY DEVELOPMENTS AND OUTLOOK:

The cement industry has been expanding on the back of increasing infrastructure activities and demand from housing sector over the past many years. However, the current scenario of Indian economy is gloomy, thus many construction projects in housing and infrastructure sector have postponed, which has impacted cement demand. The Indian Government is taking every possible initiative to revive the economy, due to which it is expected that the cement demand will start resuming in 2014-15. According to a recent report by RNCOS, the cement demand is anticipated to increase at a CAGR of more than 8% during 2014-15 to 2015-16. India has the capacity to become the world's third largest construction market by 2025 and a US$ 1 trillion market, according to a study by Global Construction Perspectives and Oxford Economics.

UNSECURED LOAN

(Rs. in million)

PARTICULAR	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Long-term Borrowings
Term Loan	554.900	624.400
Short-term borrowings
Despite from others	07.000	07.700
Total	561.900	632.100

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	ADDRESS	Service Request Number (SRN)
1	10559003	27/03/2015	3,927,400,000.00	Canara Bank	PRIME CORPORATE BRANCH, CONNAUGHT PLACE, 2ND FLOO  R, WORLD TRADE TOWER, BARAKHAMBA LANE, NEW DELHI,  DELHI - 110001, INDIA	C49044811
2	10552673	27/02/2015	10,000,000,000.00	Axis Trustee Services Limited	AXIS HOUSE, 2ND FLR, BOMBAY DYEING MILLS COMPOUND,  , PANDURANG BUDHKAR MARG, WORLI,, MUMBAI, MAHARAS  HTRA - 400025, INDIA	C44977247
3	10550597	24/02/2015	10,000,000,000.00	Axis Trustee Services Limited	AXIS HOUSE, 2ND FLR, BOMBAY DYEING MILLS COMPOUND,  , PANDURANG BUDHKAR MARG, WORLI,, MUMBAI, MAHARAS  HTRA - 400025, INDIA	C44291391
4	10552179	24/02/2015	10,000,000,000.00	Axis Trustee Services Limited	AXIS HOUSE, 2ND FLR, BOMBAY DYEING MILLS COMPOUND,  , PANDURANG BUDHKAR MARG, WORLI,, MUMBAI, MAHARAS  HTRA - 400025, INDIA	C44271013
5	10553545	20/02/2015	1,250,000,000.00	IL & FS TRUST COMPANY LIMITED	IL & FS FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRA  , KURLA COMPLEX BANDRA EAST, MUMBAI, MAHARASHTRA  - 400051, INDIA	C45843802
6	10550574	19/02/2015	10,000,000,000.00	Axis Trustee Services Limited	AXIS HOUSE, 2ND FLR, BOMBAY DYEING MILLS COMPOUND,  , PANDURANG BUDHKAR MARG, WORLI,, MUMBAI, MAHARAS  HTRA - 400025, INDIA	C44007086
7	10553587	13/02/2015 *	3,927,400,000.00	IL & FS TRUST COMPANY LIMITED	IL & FS FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRA  , KURLA COMPLEX BANDRA EAST, MUMBAI, MAHARASHTRA  - 400051, INDIA	C46102315
8	10547331	26/11/2014	770,000,000.00	INDUSIND BANK LTD.	2401 GEN THIMMAYYA ROAD, CONTONMENT, PUNE, MAHARA  SHTRA - 411001, INDIA	C42609040
9	10532620	24/11/2014	4,000,000,000.00	Axis Trustee Services Limited	AXIS HOUSE, 2ND FLR, BOMBAY DYEING MILLS COMPOUND,  , PANDURANG BUDHKAR MARG, WORLI,, MUMBAI, MAHARAS  HTRA - 400025, INDIA	C34491290
10	10533252	24/11/2014	1,000,000,000.00	Axis Trustee Services Limited	AXIS HOUSE, 2ND FLR, BOMBAY DYEING MILLS COMPOUND,  , PANDURANG BUDHKAR MARG, WORLI,, MUMBAI, MAHARAS  HTRA - 400025, INDIA	C34536151

FIXED ASSETS

• Land
• Building
• Office Equipment
• Plant and Machinery
• Furniture and Fixture
• Motor 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. 63.86
UK Pound	1	Rs.98.88
Euro	1	Rs.70.73

INFORMATION DETAILS

Information Gathered by :	MAN
Analysis Done by :	SAN
Report Prepared by :	RKI

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	8
PAID-UP CAPITAL	1~10	8
OPERATING SCALE	1~10	8
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	8
--PROFITABILITY	1~10	4
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	8
--RESERVES	1~10	8
--CREDIT LINES	1~10	8
--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	YES
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		65

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.