MIRA INFORM REPORT

Report No. :	322638
Report Date :	23.05.2015

IDENTIFICATION DETAILS

Name :	ISPAT DAMODAR PRIVATE LIMITED (w.e.f. 18.11.2014)
Formally Known AS:	ISPAT DAMODAR LIMITED (w.e.f. 05.02.2003) BRAND PROJECT LIMITED
Registered Office :	37 Shakespeare Sarani, Kolkata – 700017, West Bengal
Tel. No.:	91-33-40138600
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	08.04.1996
Com. Reg. No.:	21-079124
Capital Investment / Paid-up Capital :	Rs. 78.720 Million
CIN No.: [Company Identification No.]	U74140WB1996PTC079124
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AABCB1228R
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Ferro alloys, Steel billets, Sponge iron (dri) power.
No. of Employees :	40 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (30)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 4100000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. The rating is constrained on account of continuous losses incurred by the company from its two years of operation. However, trade relations are reported as fair. Business is active. Payments terms are reported to be slow but correct. The company can be considered for business dealings with some caution.

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	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 DENIED BY

MANAGEMENT NON CO-OPERATIVE (91-33-22871400)

LOCATIONS

Registered Office :	37 Shakespeare Sarani, Kolkata – 700017, West Bengal, India
Tel. No.:	91-33-40138600
Fax No.:	Not Available
E-Mail :	haldiasteels@vsnl.net
Location :	Owned
Locality:	Commercial
Factory :	Mouza – Nabagram, P. O. digha P. S. Neturia, 033-22871400 Purulia WB IND-Purulia, India

DIRECTORS

As on 30.09.2014

Name :

Mr. Satpal Bansal

Designation :

Director

Address :

29/11 Ballygunge Park, Kolkata, West Bengal, India

Date of Birth/Age :

05.11.1960

Date of Appointment :

08.04.1996

DIN No.:

00065309

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	U70101DL1984PTC019687	BRIGHT STAR DEVELOPMENT PVT.LTD.	Director	25-09-1990	25-09-1990	21-07-2011	Active	NO
2	U13209WB1994PTC062002	BRAND ALLOYS Private Limited	Director	01-03-1994	01-03-1994	-	Active	NO
3	U74899DL1978PTC009326	SAGAR INTERNATIONAL PRIVATE LIMITED	Director	06-03-1996	06-03-1996	04-06-2008	Active	NO
4	U74140WB1996PTC079124	ISPAT DAMODAR Private Limited	Director	08-04-1996	08-04-1996	-	Active	NO
5	U27109WB1996PTC080000	HALDIA STEELS Private Limited	Director	11-06-1996	11-06-1996	-	Active	NO
6	U15142DL1996PLC083932	SHREE GOPAL VANASPATI LIMITED	Director	19-12-1996	19-12-1996	-	Active	NO
7	U27101DL1989PLC035789	BANSAL FERROUS LIMITED	Director	10-01-1999	10-01-1999	-	Active	NO
8	U40102WB2002PTC095467	SONIC THERMAL Private Limited	Director	03-12-2002	03-12-2002	-	Active	NO
9	U23101WB2007PLC119883	HALDIA MINERALS LIMITED	Director	18-10-2007	18-10-2007	-	Active	NO
10	U14210WB2008PLC125636	EURASIA OVERSEAS LIMITED	Director	13-05-2008	13-05-2008	-	Active	NO
11	U70109WB2008PLC127307	EURASIA INFRASTRUCTURE LIMITED	Director	09-07-2008	09-07-2008	-	Active	NO
12	U45400WB2008PLC127306	EURASIA INFRATECH LIMITED	Director	09-07-2008	09-07-2008	-	Active	NO
13	U27310WB2008PLC127305	EURASIA METALIKS LIMITED	Director	09-07-2008	09-07-2008	-	Active	NO
14	U27100WB2008PTC128221	BRAND STEEL & POWER Private Limited	Director	05-08-2008	05-08-2008	-	Active	NO
15	U01132WB1885PLC000513	ARYA TEA CO LTD	Director	08-09-2008	08-09-2008	-	Active	NO
16	U24299WB1978PLC031338	EURASIA INDUSTRIES LIMITED	Director	29-12-2008	29-12-2008	-	Active	NO
17	U14210WB2007PLC120878	EURASIA ENERGY LIMITED	Director	17-12-2009	17-12-2009	-	Active	NO
18	U27310DL1984PTC017599	LAMBA STEEL AND ALLOYS PRIVATE LTD	Director	25-02-2010	25-02-2010	-	Active	NO

Name :

Mr. Vikas Bansal

Designation :

Director

Address :

29/11 Ballygunge Park, Kolkata, West Bengal, India

Date of Birth/Age :

03.01.1973

Date of Appointment :

08.04.1996

DIN No.:

00070392

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	U27205HR1981PTC012802	SHYAM SUNDER HARYANA INDUSTRIES PVT LTD	Director	10-01-1991	10-01-1991	24-01-2013	Active	NO
2	U25204HR1971PTC005767	HISSAR STEEL FARBRICATORS PRIVATE LIMITED	Director	15-02-1991	15-02-1991	21-07-2011	Active	NO
3	U01132WB1885PLC000513	ARYA TEA CO LTD	Director	21-02-1991	21-02-1991	-	Active	NO
4	U13209WB1994PTC062002	BRAND ALLOYS Private Limited	Director	01-03-1994	01-03-1994	-	Active	NO
5	U74140WB1996PTC079124	ISPAT DAMODAR Private Limited	Director	08-04-1996	08-04-1996	-	Active	NO
6	U27109WB1996PTC080000	HALDIA STEELS Private Limited	Managing director	02-02-2009	11-06-1996	-	Active	NO
7	U74899DL1978PTC009326	SAGAR INTERNATIONAL PRIVATE LIMITED	Director	17-07-1996	17-07-1996	27-06-2008	Active	NO
8	U40102WB2002PTC095467	SONIC THERMAL Private Limited	Director	03-12-2002	03-12-2002	-	Active	NO
9	U92113WB1989PTC045501	EURASIA RACING PRIVATE LIMITED	Director	28-03-2004	28-03-2004	-	Converted to LLP	NO
10	U24299WB1978PLC031338	EURASIA INDUSTRIES LIMITED	Director	26-08-2004	26-08-2004	-	Active	NO
11	U27109WB2005PTC102367	ULTRAPLUS IRON & STEEL PRIVATE LIMITED	Director	21-03-2005	21-03-2005	-	Active	NO
12	U40102WB2006PTC108323	DAMODAR THERMAL PVT LTD	Director	28-02-2006	28-02-2006	-	Active	NO
13	U40101WB2006PTC108324	BIRSA ENERGY PVT LTD	Director	28-02-2006	28-02-2006	-	Converted to LLP	NO
14	U70101WB2006PTC109098	INDO TOTAL ESTATES PVT LTD	Director	26-04-2006	26-04-2006	-	Active	NO
15	U70101WB2006PTC109099	BENGAL TOTAL ESTATES PVT LTD	Director	26-04-2006	26-04-2006	-	Active	NO
16	U23101WB2007PLC119883	HALDIA MINERALS LIMITED	Director	18-10-2007	18-10-2007	-	Active	NO
17	U14210WB2007PLC120878	EURASIA ENERGY LIMITED	Director	07-12-2007	07-12-2007	-	Active	NO
18	U14210WB2007PTC120924	WESTERN ORES PRIVATE LIMITED	Director	10-12-2007	10-12-2007	30-04-2015	Active	NO
19	U14219WB2008PTC121433	ARYAN DHATU PRIVATE LIMITED	Director	04-01-2008	04-01-2008	-	Active	NO
20	U01400WB2008PTC121432	M. P. MINING & MINERALS PRIVATE LIMITED	Director	04-01-2008	04-01-2008	-	Active	NO
21	U14210WB2008PTC121451	DECCAN ORES PRIVATE LIMITED	Director	05-01-2008	05-01-2008	-	Converted to LLP	NO
22	U14210WB2008PLC125636	EURASIA OVERSEAS LIMITED	Director	13-05-2008	13-05-2008	-	Active	NO
23	U70109WB2008PLC127307	EURASIA INFRASTRUCTURE LIMITED	Director	09-07-2008	09-07-2008	-	Active	NO
24	U45400WB2008PLC127306	EURASIA INFRATECH LIMITED	Director	09-07-2008	09-07-2008	-	Active	NO
25	U27310WB2008PLC127305	EURASIA METALIKS LIMITED	Director	09-07-2008	09-07-2008	-	Active	NO
26	U70109WB2008PTC127479	SRK PROMOTERS PRIVATE LIMITED	Director	14-07-2008	14-07-2008	01-04-2010	Active	NO
27	U10100MH2008PTC184933	NAGPUR ORES PRIVATE LIMITED	Director	22-07-2008	22-07-2008	-	Active	NO
28	U27100WB2008PTC128221	BRAND STEEL & POWER Private Limited	Director	05-08-2008	05-08-2008	-	Active	NO
29	U14290MH2008PTC178340	MOHINI MANGANESE & ORE PRIVATE LIMITED	Director	24-10-2008	24-10-2008	-	Active	NO
30	U13201MP2008PTC020429	HARIYANA MINERAL MANGANESE ORE PRIVATE LIMITED	Director	02-04-2009	02-04-2009	01-10-2014	Active	NO
31	U51909WB1993PTC060204	NEO BEAM TRADERS PVT. LTD.	Director	29-03-2010	29-03-2010	-	Amalgamated	NO
32	U65921WB1987PTC133435	SEOHARA MOTOR AND GENERAL FINANCE PRIVATE LIMITED	Director	29-03-2010	29-03-2010	-	Amalgamated	NO
33	U51109WB1994PTC066804	ANGLO-VER TEXTILES PVT. LTD.	Director	01-04-2010	01-04-2010	-	Active	NO
34	U51909WB2007PTC114545	JAGDAMBA BARTER PRIVATE LIMITED	Director	09-08-2010	09-08-2010	-	Amalgamated	NO
35	U40300WB2015PTC206434	SUNKONNECT INNOVATIONS PRIVATE LIMITED	Director	21-05-2015	21-05-2015	-	Active	NO
36	AAA-2355	NAGESHWAR ADVISORY SERVICES LLP	Designated Partner	01-04-2014	01-04-2014	30-03-2015	Active	NO
37	AAB-2092	BAIKUNTHNATH ADVISORS LLP	Designated Partner	01-04-2014	01-04-2014	-	Active	NO
38	AAC-9420	EURASIA RACING LLP	Designated Partner	19-11-2014	19-11-2014	-	Active	NO
39	AAC-9422	BIRSA ENERGY LLP	Designated Partner	19-11-2014	19-11-2014	-	Active	NO
40	AAC-9856	DECCAN ORES LLP	Designated Partner	28-11-2014	28-11-2014	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2014

Names of Shareholders	No. of Shares
Ramkishore Bansal	681156
Satpal Bansal	291133
Vikas Bansal	722156
Ram Krushna Sing	133
Alok Agarwal	133
Sushil Lahoti	133
Banjarng Sharma	133
Darshana Bansal	6689
Hulwant Rai Bansal	6667
R. K. Bansal (Huf)	23
Halda Steel Limited	775333
Indo Total Estate Private Limited	516667
Damodar Thermal Private Limited	400000
Ultraplus Iron and Steel Private Limited	493333
Halda Minerals Limited	406667
Bengal Total Estate Private Limited	240000
Anglover Textile Private Limited	3081667
Bansal Kanika	250000
Total	7872023

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2014

Category	Percentage
Bodies corporate	75.12
Directors or relatives of Directors	24.87
Other top fifty shareholders	0.01
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Ferro alloys, Steel billets, Sponge iron (dri) power.

Products :

Item Code No.	Product Description
72061009	Steel Billets
72023000	Ferro Alloys

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 :

40 (Approximately)

Bankers :

Indusind Bank Limited -- 2401 Gen Thimmayya Road, Contonment, Pune - 411001, Maharashtra, India

Bank Name	State Bank Of India
Branch	Industrial Finance Branch, Kolkata, 11, Dr. U. N. Brahmachari Street,, Kolkata - 700017, West Bengal, 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

Facilities :

Secured Loan	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Long-term Borrowings
Term loans from banks (Hypothecation of Fixed assets, stocks, book debts and personal guarantee of directors.)	398.922	510.752
Short-term borrowings
Working capital loans from banks	561.360	565.343
Total	960.282	1076.095

Auditors :
Name :	Anil Goenka and Company Chartered Accountants
Address :	10 G C Avenue Kolkata-700013, West Bengal, India
PAN N Income-tax PAN of auditor or auditor's firm :	AAQFA9769A
Memberships :	Not Available
Collaborators :	Not Available
Related Party :	Brand Alloys Limited, India Haldia Steels Limited , India sonic Thermal Limited. , India Birsa Energy Private Limited, India Eurasia Infratech Limited, India Damodar Thermal Private Limited, India Eurasia Racing Private Limited. , India Deccan Ores Private Limited. , India Anglo-Ver Textiles Private Limited , India Stonemetal (Hk) Limited, Hong Kong Anglo-Ver Textiles Private Limited. , India

CAPITAL STRUCTURE

As on 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
12100000	Equity Shares	Rs.10/- each	Rs.121.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
7872023	Equity Shares	Rs.10/- each	Rs.78.720 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	78.720	78.720	78.720
(b) Reserves & Surplus	1375.088	1381.827	1400.140
(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)	1453.808	1460.547	1478.860
(3) Non-Current Liabilities
(a) long-term borrowings	420.512	632.322	587.311
(b) Deferred tax liabilities (Net)	76.466	51.281	45.026
(c) Other long term liabilities	193.843	0.000	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	690.821	683.603	632.337
(4) Current Liabilities
(a) Short term borrowings	561.360	565.343	496.352
(b) Trade payables	236.754	333.586	419.273
(c) Other current liabilities	278.619	363.359	334.490
(d) Short-term provisions	0.000	0.000	10.073
Total Current Liabilities (4)	1076.733	1262.288	1260.188
TOTAL	3221.362	3406.438	3371.385
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	2039.347	2023.113	890.470
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	1.007	0.050	569.016
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.400	0.400	0.400
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	23.533	6.779	67.779
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	2064.287	2030.342	1527.665
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	733.010	468.201	608.448
(c) Trade receivables	198.357	355.145	472.825
(d) Cash and cash equivalents	39.339	39.801	56.570
(e) Short-term loans and advances	183.222	503.506	697.279
(f) Other current assets	3.147	9.443	5.598
Total Current Assets	1157.075	1376.096	1840.720
TOTAL	3221.362	3406.438	3368.385

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income	NA	2339.065	2530.845
	Other Income	NA	0.000	0.000
	TOTAL (A)	NA	2339.065	2530.845
Less	EXPENSES
	Cost of Materials Consumed		1406.069	823.782
	Purchases of Stock-in-Trade		0.000	820.454
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade		36.958	13.417
	Employees benefits expense		10.701	8.367
	Other expenses		690.669	654.548
	TOTAL (B)	NA	2144.397	2320.568
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	NA	194.668	210.277
Less	FINANCIAL EXPENSES (D)	NA	127.497	106.454
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	120.730	67.171	103.823
Less/ Add	DEPRECIATION/ AMORTISATION (F)	97.674	51.438	38.637
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	23.056	15.733	65.186
Less	TAX (H)	29.794	34.046	29.172
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)	(6.738)	(18.313)	36.014
	IMPORTS
	Raw Materials	NA	42.303	144.467
	Capital Goods	NA	1.455	0.000
	TOTAL IMPORTS	NA	43.758	144.467
	Earnings / (Loss) Per Share (Rs.)	(0.86)	(2.00)	5.00

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	159.000	144.000	70.000
Cash generated from operations	NA	NA	NA

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	NA	(0.78)	1.42
Operating Profit Margin (PBIDT/Sales)	(%)	NA	8.32	8.31
Return on Total Assets (PBT/Total Assets}	(%)	0.72	0.46	2.33
Return on Investment (ROI) (PBT/Networth)		0.02	0.01	0.04
Debt Equity Ratio (Total Debt /Networth)		0.78	0.92	0.78
Current Ratio (Current Asset/Current Liability)		1.07	1.09	1.46

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	78.720	78.720	78.720
Reserves & Surplus	1400.140	1381.827	1375.088
Net worth	1478.860	1460.547	1453.808
long-term borrowings	587.311	632.322	420.512
Short term borrowings	496.352	565.343	561.360
Current maturities of long-term debts	70.000	144.000	159.000
Total borrowings	1153.663	1341.665	1140.872
Debt/Equity ratio	0.780	0.919	0.785

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	2530.845	2339.065	0.000
		(7.578)	(100.000)

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	2530.845	2339.065	0.000
Profit	36.014	(18.313)	(6.738)
	1.42%	(0.78%)

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	Yes
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	Yes
18	Major suppliers	No
19	Major customers	No
20	Banking Details	Yes
21	Banking facility details	Yes
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	No
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

UNSECURED LOAN

PARTICULARS	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Long-term Borrowings
Intercorporate borrowings	21.590	121.570
Total	21.590	121.570

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10565327	30/03/2015	454,200,000.00	ALLAHABAD BANK	STEPHEN HOUSE BRANCH, 4, B. B. D. BAG (EAST), KOL  KATA, West Bengal - 700001, INDIA	C51620755
2	10482468	25/02/2014	955,500,000.00	STATE BANK OF INDIA	INDUSTRIAL FINANCE BRANCH, KOLKATA, 11, DR. U. N.  BRAHMACHARI STREET,, KOLKATA, West Bengal - 700017, INDIA	B98447691
3	10469322	25/11/2013	2,187,000.00	INDUSIND BANK	2401 GEN THIMMAYYA ROAD, CONTONMENT, PUNE, Maharashtra - 411001, INDIA	B93194975
4	10437636	30/06/2013	2,100,000.00	TATA CAPITAL FINANCIAL SERVICES LIMITED	One Forbes,, Dr. V. B. Gandhi Marg, Fort, Mumbai,  Maharashtra - 400001, INDIA	B79955597
5	10430437	28/05/2013	450,000.00	L & T FINANCE LIMITED	L&T HOUSE,, BALLARD ESTATE,, MUMBAI - 400001,, Maharashtra  INDIA	B76858174
6	10430439	28/05/2013	2,491,000.00	L & T FINANCE LIMITED	L&T HOUSE,, BALLARD ESTATE,, MUMBAI - 400001,, Maharashtra  INDIA	B76858695
7	10430441	28/05/2013	4,599,000.00	L & T FINANCE LIMITED	L&T HOUSE,, BALLARD ESTATE,, MUMBAI, Maharashtra  - 400001, INDIA	B76859065
8	10418890	29/03/2013	2,700,000.00	TATA CAPITAL FINANCIAL SERVICES LIMITED	One Forbes,, Dr. V. B. Gandhi Marg, Fort, Mumbai,  Maharashtra - 400001, INDIA	B72933062
9	10417564	26/03/2013	4,200,000.00	TATA CAPITAL FINANCIAL SERVICES LIMITED	One Forbes,, Dr. V. B. Gandhi Marg, Fort, Mumbai,  Maharashtra - 400001, INDIA	B72537236
10	10409506	27/02/2013	2,700,000.00	TATA CAPITAL FINANCIAL SERVICES LIMITED	One Forbes,, Dr. V. B. Gandhi Marg, Fort, Mumbai,  Maharashtra - 400001, INDIA	B69974715

* Date of charge modification

FIXED ASSETS

Tangible assets

• Land
• Buildings
• Plant and equipment
• Furniture and fixtures
• Vehicles
• Office equipment
• Computer equipment’s

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.63.57
UK Pound	1	Rs.99.67
Euro	1	Rs.70.93

INFORMATION DETAILS

Information Gathered by :	MNJ
Analysis Done by :	DIV
Report Prepared by :	GTA

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	5
--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		30

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.