MIRA INFORM REPORT

Report No. :	324354
Report Date :	29.05.2015

IDENTIFICATION DETAILS

Name :	KALBURGI CEMENT PRIVATE LIMITED (w.e.f. 15.04.2015)
Formerly Known As :	VICAT SAGAR CEMENT PRIVATE LIMITED
Registered Office :	Reliance Majestic, Road No. 10, Banjara Hills, Hyderabad – 500034, Telangana
Tel. No.:	91-91-40-30006999
Country :	India
Financials (as on) :	31.12.2013
Date of Incorporation :	12.08.2008
Com. Reg. No.:	060595
Capital Investment / Paid-up Capital :	Rs. 1388.012 Million
CIN No.: [Company Identification No.]	U26941TG2008FTC060595
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AACCV8513G
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturing and Selling of Cement
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

B (26)

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

Maximum Credit Limit :	USD 12000000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. External Borrowings of the company seems to be huge during December 2013. However, Trade relations are fair. Business is active. Payment terms are reported to be slow but correct. The company can be considered for business dealings at usual trade terms and condition.

NOTES :

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

ECGC Country Risk Classification List – 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

NOT AVAILABLE

RBI DEFAULTERS’ LIST STATUS

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

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

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

INFORMATION DECLINED BY

MANAGEMENT NON CO-OPERATIVE

Contact No: 91-40-30006999

LOCATIONS

Registered Office :	Reliance Majestic, Road No. 10, Banjara Hills, Hyderabad – 500034, Telangana, India
Tel. No.:	91-40-30006999
Fax No.:	91-40-30006977
E-Mail :	sweta.cbk@bharathipolymers.com mail@vicatsagar.in
Website :	www.vicat.com

DIRECTORS

AS ON 26.06.2014

Name :

Mr. Jacques Marie Merceron Vicat

Designation :

Director

Address :

188, Avenue Victor Hugo, Paris 75116 France

Date of Birth/Age :

22.03.1938

Date of Appointment :

12.08.2008

DIN No.:

02218443

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	U26941TG2008FTC060595	KALBURGI CEMENT PRIVATE LIMITED	Director	12-08-2008	12-08-2008	Active	NO
2	U26942TG1999PTC031682	BHARATHI CEMENT CORPORATION PRIVATE LIMITED	Director	30-04-2010	30-04-2010	Active	NO

Name :

Mr. Guy Dominique Louis Sidos

Designation :

Director

Address :

18 Boulevard Des Belges 69006 Lyon 06 France

Date of Birth/Age :

13.09.1963

Date of Appointment :

19.09.2008

DIN No.:

02262974

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	U26941TG2008FTC060595	KALBURGI CEMENT PRIVATE LIMITED	DIRECTOR	19-09-2008	19-09-2008	ACTIVE	NO
2	U26942TG1999PTC031682	BHARATHI CEMENT CORPORATION PRIVATE LIMITED	DIRECTOR	30-04-2010	30-04-2010	ACTIVE	NO

Name :

Mr. Oberle Markus

Designation :

Director

Address :

Hireserenrain 8 Hergiswil-6052, Switzerland

Date of Birth/Age :

14.05.1952

Date of Appointment :

08.02.2014

DIN No.:

03065922

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	U26942TG1999PTC031682	BHARATHI CEMENT CORPORATION PRIVATE LIMITED	WHOLE-TIME DIRECTOR	08-02-2014	03-09-2010	ACTIVE	NO
2	U26941TG2008FTC060595	KALBURGI CEMENT PRIVATE LIMITED	DIRECTOR	26-06-2014	04-09-2010	ACTIVE	NO
3	U40108TG2010PTC071687	GULBARGA POWER PRIVATE LIMITED	DIRECTOR	12-06-2014	08-02-2014	ACTIVE	NO

Name :

Mr. Anoop Kumar Saxena

Designation :

Managing director

Address :

F. No. 301, Manbhum Ganesh 10-37/ 1 East Mareedpally, Secunderabad – 500026, Telangana, India

Date of Birth/Age :

02.06.1962

Date of Appointment :

17.02.2012

DIN No.:

05224993

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	U26941TG2008FTC060595	KALBURGI CEMENT PRIVATE LIMITED	DIRECTOR	08-11-2013	17-02-2012	ACTIVE	NO
2	U26942TG1999PTC031682	BHARATHI CEMENT CORPORATION PRIVATE LIMITED	DIRECTOR	08-11-2013	01-01-2013	ACTIVE	NO
3	U40108TG2010PTC071687	GULBARGA POWER PRIVATE LIMITED	DIRECTOR	03-04-2013	01-01-2013	ACTIVE	NO

Name :

Mr. Gilles Hubert Jean Le Chanoine Du Manoir De Juaye

Designation :

Director

Address :

Villa 58, Cite Aviation Mamelles Dakar Senegal

Date of Birth/Age :

06.07.1960

Date of Appointment :

03.04.2013

DIN No.:

06420674

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	U26942TG1999PTC031682	BHARATHI CEMENT CORPORATION PRIVATE LIMITED	WHOLE-TIME DIRECTOR	01-01-2013	01-01-2013	09-02-2014	ACTIVE	NO
2	U40108TG2010PTC071687	GULBARGA POWER PRIVATE LIMITED	MANAGING DIRECTOR	10-06-2013	01-01-2013	08-02-2014	ACTIVE	NO
3	U26941TG2008FTC060595	KALBURGI CEMENT PRIVATE LIMITED	DIRECTOR	03-04-2013	01-01-2013	08-02-2014	ACTIVE	NO

Name :

Mr. Rodolphe Yves Revel

Designation :

Alternate director

Address :

15.01.1973

Date of Appointment :

26.06.2014

DIN No.:

02403278

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	U26942TG1999PTC031682	BHARATHI CEMENT CORPORATION PRIVATE LIMITED	WHOLE-TIME DIRECTOR	01-01-2013	01-01-2013	09-02-2014	ACTIVE	NO
2	U40108TG2010PTC071687	GULBARGA POWER PRIVATE LIMITED	MANAGING DIRECTOR	10-06-2013	01-01-2013	08-02-2014	ACTIVE	NO
3	U26941TG2008FTC060595	KALBURGI CEMENT PRIVATE LIMITED	DIRECTOR	03-04-2013	01-01-2013	08-02-2014	ACTIVE	NO

Name :

Mr. Anand Sammidi Reddy

Designation :

Director

Address :

Plot No. 205, Road No. 14, Jubilee Hills, Hyderabad – 500033, Telangana,, India

Date of Birth/Age :

10.06.1964

Date of Appointment :

12.08.2008

DIN No.:

00123870

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	L26942TG1981PLC002887	SAGAR CEMENTS LTD	Whole-time director	21-11-2012	23-11-1991	-	Active	NO
2	U26942TG1983PLC004122	AMARESWARI CEMENTS LTD	Director	03-01-1994	03-01-1994	-	Amalgamated	NO
3	U24239MH1987PLC194811	SATWIK DRUGS LIMITED	Director	17-01-1995	17-01-1995	08-06-2008	Active	YES
4	U40109TG1994PLC017761	SAGAR POWER LIMITED	Managing director	30-06-2011	25-09-1995	-	Active	NO
5	U40101KA2002PLC031318	SAGAR POWER (DANDELA) LIMITED	Director	05-12-2002	05-12-2002	08-04-2008	Active	NO
6	U45200TG1992PLC014313	SAGAR PRIYA HOUSING AND INDUSTRIAL ENTERPRISES LIMITED	Director	15-02-2006	15-02-2006	-	Active	NO
7	U15425TG2007PTC052903	VIJAYANAGAR SUGAR PRIVATE LIMITED	Director	21-02-2007	21-02-2007	06-03-2012	Active	NO
8	U26941TG2008FTC060595	KALBURGI CEMENT PRIVATE LIMITED	Director	12-08-2008	12-08-2008	05-09-2014	Active	NO
9	U92111TG1984PLC005111	PANCHAVATI POLYFIBRES LTD.	Director	25-08-2008	25-08-2008	-	Active	NO
10	U40109KA2012PTC065285	SPL RENEWABLE ENERGY PRIVATE LIMITED	Director	10-08-2012	10-08-2012	-	Active	NO
11	U40101UR1994PTC000760	SUPER HYDRO ELECTRIC PRIVATE LIMITED	Nominee director	23-08-2013	07-11-2012	-	Active	NO

Name :

Mr. Sreekanth Reddy Sammidi

Designation :

Nominee director

Address :

Plot No. 205, Road No. 14, Jubilee Hills, Hyderabad – 500033, Telangana, India

Date of Birth/Age :

27.08.1971

Date of Appointment :

12.08.2008

DIN No.:

00123889

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	L72200TG1996PLC023823	SAGARSOFT (INDIA) LIMITED	DIRECTOR	12-09-2008	15-07-1996	-	ACTIVE	NO
2	U15520TG1976PTC002103	SREE VENKATESHWARA WINERY AND DISTILLERY PRIVATE LIMITED	DIRECTOR	26-02-1999	26-02-1999	-	ACTIVE	NO
3	L26942TG1981PLC002887	SAGAR CEMENTS LTD	WHOLE-TIME DIRECTOR	26-06-2013	26-06-2003	-	ACTIVE	NO
4	U40109TG1994PLC017761	SAGAR POWER LIMITED	DIRECTOR	27-12-2005	27-12-2005	-	ACTIVE	NO
5	U45200TG1992PLC014313	SAGAR PRIYA HOUSING AND INDUSTRIAL ENTERPRISES LIMITED	DIRECTOR	15-02-2006	15-02-2006	-	ACTIVE	NO
6	U26942TG1983PLC004122	AMARESWARI CEMENTS LTD	DIRECTOR	15-12-2006	15-12-2006	-	AMALGAMATED	NO
7	U15425TG2007PTC052903	VIJAYANAGAR SUGAR PRIVATE LIMITED	DIRECTOR	21-02-2007	21-02-2007	06-03-2012	ACTIVE	NO
8	U26941TG2008FTC060595	KALBURGI CEMENT PRIVATE LIMITED	NOMINEE DIRECTOR	17-02-2012	12-08-2008	05-09-2014	ACTIVE	NO
9	U40108TG2010PTC071687	GULBARGA POWER PRIVATE LIMITED	DIRECTOR	15-12-2010	15-12-2010	08-09-2014	ACTIVE	NO
10	U40109KA2012PTC065285	SPL RENEWABLE ENERGY PRIVATE LIMITED	DIRECTOR	10-08-2012	10-08-2012	-	ACTIVE	NO
11	U40101UR1994PTC000760	SUPER HYDRO ELECTRIC PRIVATE LIMITED	NOMINEE DIRECTOR	23-08-2013	07-11-2012	-	ACTIVE	NO

KEY EXECUTIVES

Name :	Mr. Kodukulla Suryanarayana
Designation :	Secretary
Address :	301, Siddhartha towers, Plot no 89/90, Mahesh Nagar Kapra ecil Road, Telangana, India
Date of Birth/Age :	03.05.1971
Date of Appointment :	09.09.2013
PAN No.:	AGJPK7305H

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 26.06.2014

Names of Shareholders	No. of Shares	Percentage of Holding
Parficim SAS, France	73513802	52.96
Sagar Cements Limited, India	65236399	47.00
Societe savoisienne Des Ciments Chiron, France	51000	0.04
Total	138801201	100.00

AS ON 26.06.2014

Equity Share Breakup	Percentage of Holding
Category
Directors or relatives of directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturing and Selling of Cement

Products/ Services :

ITC Code No.	Product Descriptions
25232910	OPC,PPC,PSC

Brand Names :

---

Agencies Held :

---

Exports :

Products :

---

Countries :

--

Imports :

Products :

---

Countries :

--

Terms :

Selling :

---

Purchasing :

---

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference:	Not Divulged
Name of the Person (Designation):	Not Divulged
Contact Number:	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 (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Maximum limit dealt:	Not Divulged
Experience:	Not Divulged
Remark	Not Divulged

No. of Employees :

Not Divulged

Bankers :

Bank Name:	Not Divulged
Branch:	Not Divulged
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 A/c Opening):	Not Divulged
Average Balance Maintained (Optional):	Not Divulged
Credit Facilities Enjoyed (CC/OD/Term Loan):	Not Divulged
Account Operation:	Not Divulged
Remarks:	Not Divulged

Facilities :

SECURED LOANS	31.12.2013 (Rs. In Million)	31.12.2012 (Rs. In Million)
LONG-TERM BORROWINGS
Fully convertible debentures others	1600	0.000
Working capital loan from banks	14474.213	13861.644
Other loans and advances	692.658	331.749
SHORT TERM BORROWINGS
Other loans and advances	6.743	0.000
Working capital loan from banks	0.000	291.564
Total	16773.614	14484.957

Banking Relations :	--
Auditors :
Name :	B S R And Associates LLP Chartered Accountants
Address :	8-2-618/2, Reliance Humsalar, Fourth Floor, Road No 11, Banjara Hills, Hyderabad-500034, Telangana , India
Income-tax PAN of auditor or auditor's firm :	AADFB6689R
Memberships :	Not Available
Collaborators :	Not Available
Holding Company :	Parficim S.A.S, France
Fellow Subsidiary company:	Gulbarga Power Private Limited (U40108TG2010PTC071687)
Others:	· Bharathi Cement Corporation Private Limited (U26942TG1999PTC031682) · Bharathi Polymers India Private Limited (U25209TG2009PTC062486)

CAPITAL STRUCTURE

AFTER 26.06.2014

Authorised Capital: Rs. 3500.000 Million

Paid up capital: Rs. 3219.197 Million

AS ON 26.06.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
350000000	Equity Shares	Rs. 10/- each	Rs. 3500.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
309435726	Equity Shares	Rs. 10/- each	Rs. 3094.357 Million

AS ON 31.12.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
205000000	Equity Shares	Rs. 10/- each	Rs. 2050.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
138801201	Equity Shares	Rs. 10/- each	Rs. 1388.012 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.12.2013	31.12.2012	31.12.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	1388.012	1388.012	1388.012
(b) Reserves & Surplus	1332.865	3269.442	3503.266
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	1403.415	0.000	0.000
Total Shareholders’ Funds (1) + (2)	4124.292	4657.454	4891.278
(3) Non-Current Liabilities
(a) Long-term borrowings	16766.871	14193.393	9879.821
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	267.492	44.487	13.803
(d) long-term provisions	19.912	6.617	0.377
Total Non-current Liabilities (3)	17054.275	14244.497	9894.001
(4) Current Liabilities
(a) Short term borrowings	6.743	291.564	0.000
(b) Trade payables	301.309	335.095	3.754
(c) Other current liabilities	2952.575	987.074	888.658
(d) Short-term provisions	1.562	1.217	0.000
Total Current Liabilities (4)	3262.189	1614.950	892.412
TOTAL	24440.756	20516.901	15677.691
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	15266.729	1673.361	771.347
(ii) Intangible Assets	68.074	19.758	0.000
(iii) Capital work-in-progress	5770.105	15173.840	7072.384
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	312.000	312.000	312.000
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	218.042	804.601	1724.566
(e) Other Non-current assets	0.000	0.000	1113.470
Total Non-Current Assets	21634.950	17983.560	10993.767
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	854.436	792.064	5.336
(c) Trade receivables	421.579	0.000	0.000
(d) Cash and cash equivalents	939.598	696.800	4199.925
(e) Short-term loans and advances	493.928	1002.984	452.949
(f) Other current assets	96.265	41.493	25.714
Total Current Assets	2805.806	2533.341	4683.924
TOTAL	24440.756	20516.901	15677.691

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.12.2013	31.12.2012	31.12.2011
	SALES
		TOTAL (A)	2758.963	16.489	23.087
Less	EXPENSES
		TOTAL (B)	3145.770	222.955	83.178
	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		(386.807)	(206.466)	(Including Financial and Depreciation Expenses)
Less	FINANCIAL EXPENSES (D)		1051.966	19.867
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		(1438.773)	(226.333)
Less/ Add	DEPRECIATION/ AMORTISATION (F)		497.803	7.491
	PROFIT BEFORE TAX (E-F) (G)		(1936.576)	(233.824)	(60.091)
Less	TAX (H)		0.000	0.000	0.000
	PROFIT AFTER TAX (G-H) (I)		(1936.576)	(233.824)	(60.091)
	Earnings Per Share (Rs.)		(6.26)	(0.76)	(0.19)

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.12.2013	31.12.2012	31.12.2011
Current Maturities of Long term debt	NA	NA	NA
Cash generated from operations	NA	NA	NA

KEY RATIOS

PARTICULARS		31.12.2013	31.12.2012	31.12.2011
Return on Total Assets (PBT/Total Assets}	(%)	(10.55)	(4.65)	(0.72)
Return on Investment (ROI) (PBT/Networth)		(0.47)	(0.05)	(0.01)
Debt Equity Ratio (Total Debt/Networth)		4.07	3.11	2.02
Current Ratio (Current Asset/Current Liability)		0.86	1.57	5.25

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.12.2011	31.12.2012	31.12.2013
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	1388.012	1388.012	1388.012
Reserves & Surplus	3503.266	3269.442	1332.865
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	1403.415	0.000	0.000
Net worth	6294.693	4657.454	2720.877
Long-term borrowings	9879.821	14193.393	16766.871
Short term borrowings	0.000	291.564	6.743
Total borrowings	9879.821	14484.957	16773.614
Debt/Equity ratio	1.570	3.110	6.165

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.12.2011	31.12.2012	31.12.2013
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Total Income	2758.963	16.489	23.087
		(99.402)	40.015

NET PROFIT MARGIN

Net Profit Margin	31.12.2011	31.12.2012	31.12.2013
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	2758.963	16.489	23.087
Profit	(60.091)	(233.824)	(1936.576)
	(2.18)%	(1418.06)%	(8388.17)%

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	No
8	Designation of contact person	No
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	No
17	Details of sister concerns	Yes
18	Major suppliers	No
19	Major customers	No
20	Banking Details	No
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	No
32	Litigations that the firm/promoter involved in	--
33	Market information	--
34	Payments terms	No
35	Negative Reporting by Auditors in the Annual Report	No

INDEX OF CHARGES No Charge Exist for company.

CHANGE OF ADDRESS:

The Registered Office of the company has been shifted from 8-2-472/B/2, Road no.1, Banjara Hills, Hyderabad-500034, Andhra Pradesh, India to the present address w.e.f 01.05.2012

FIXED ASSETS:

· Land

· Plant and Equipment

· Furniture and Fixtures

· Vehicles

· Office Equipment

· Computer Equipments

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. 63.90
UK Pound	1	Rs. 98.16
Euro	1	Rs. 69.74

INFORMATION DETAILS

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

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILITY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	2
--RESERVES	1~10	2
--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	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		26

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.