MIRA INFORM REPORT

Report No. :	349634
Report Date :	17.11.2015

IDENTIFICATION DETAILS

Name :	SHRI SHYAM ISPAT (INDIA) PRIVATE LIMITED (w.e.f 27.08.2002)
Formerly known as :	SHANDAR BUILDERS PRIVATE LIMITED
Registered Office :	204, Madan Complex, Sankar Nagar, Raipur – 492001, Chhattisgarh
Mobile No.:	91-9993569928 (Mr. Sudhir Agarwal)
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	02.05.1991
Com. Reg. No.:	33-006418
Capital Investment / Paid-up Capital :	Rs.78.922 Million
CIN No.: [Company Identification No.]	U28931CT1991PTC006418
IEC No.:	Not Divulged
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AADCS5057R
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is engaged into manufacturing and sale of sponge iron, M.S. ingots and generation and sale of power.
No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

Ba (49)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject was incorporated on 2^nd May, 1991. It has satisfactory track record. The company possesses a decent profile marked by adequate networth base along with fair liquidity and good profitability. Trade relations are fair. Business is active. Payment are reported to be usually correct. The company can be considered business dealing 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 bank facilities : BBB
Rating Explanation	Have moderate degree of safety and carry moderate credit risk.
Date	05.03.2015

Rating Agency Name	CARE
Rating	Short term bank facilities : A3+
Rating Explanation	Have moderate degree of safety and carry higher credit risk.
Date	05.03.2015

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 31-03-2015.

INFORMATION DENIED BY

Name :	Mr. Purushottam Choudhary
Designation :	Not Divulged
Contact No.:	91-9893308273

Name :	Mr. S K Das
Designation :	Accountant
Contact No.:	91-7712443238

Name :	Mr. Sudhir Agarwal
Designation :	Chartered Accountant
Contact No.:	91-9993569928
Date :	14.11.2015

LOCATIONS

Registered Office :	204, Madan Complex, Sankar Nagar, Raipur – 492001, Chhattisgarh, India
Tel. No.:	91-771-2443238
Mobile No.:	91-9993569928 (Mr. Sudhir Agarwal) 91-7712443238 (Mr. S K Das) 91-9893308273 (Mr. Purushottam Choudhary)
Fax No.:	91-771-2443238
E-Mail :	mycarks1@yahoo.co.in shrishyamispat@yahoo.in

DIRECTORS

AS ON 30.09.2014

Name :

Mr. Mahesh Periwal

Designation :

Director

Address :

P-27, Raja Basanta Roy Road, 2nd Floor, Kolkata - 700029, West Bengal, India

Date of Appointment :

01.08.2009

DIN No.:

00186195

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	U27102WB2003PTC095993	CHATTISGARH PROCESS PRIVATE LIMITED	Director	01/04/2003	01/04/2003	-	Active	NO
2	U27102WB2003PTC096613	JAI DURGA IRON PRIVATE LIMITED	Director	22/07/2003	22/07/2003	17/03/2011	Active	NO
3	U27109WB2004PTC099911	J D I SMELTER PRIVATE LIMITED	Director	23/09/2004	23/09/2004	17/03/2011	Active	NO
4	U51109WB1995PTC074113	BAHAR DISTRIBUTORS PRIVATE LIMITED	Director	13/05/2006	13/05/2006	12/03/2011	Active	NO
5	U27100WB2007PTC115390	SHIVA SMELTERS PRIVATE LIMITED	Director	27/04/2007	27/04/2007	17/03/2011	Active	NO
6	U45400WB2007PTC116009	EVERGAIN BUILDCON PRIVATE LIMITED	Director	12/06/2007	12/06/2007	23/07/2007	Active	NO
7	U27100WB2005PLC139430	SRI VENKATESH IRON AND ALLOYS (INDIA) LIMITED	Director	29/09/2008	04/12/2007	17/03/2011	Active	NO
8	U51109WB1996PTC081470	DHANLAXMI FINCORP PRIVATE LIMITED	Director	14/07/2008	14/07/2008	-	Active	NO
9	U45400WB2008PTC122650	AMBITION TOWERS PRIVATE LIMITED	Director	14/07/2008	14/07/2008	31/03/2011	Active	NO
10	U26931DL1971PTC154505	RAMGARH REFRACTORIES WORKS PVT LTD	Director	30/09/2009	21/10/2008	18/03/2011	Active	NO
11	U28931CT1991PTC006418	SHRI SHYAM ISPAT(INDIA) PRIVATE LIMITED	Director	01/08/2009	01/08/2009	-	Active	NO
12	U27102WB2005PTC106862	SAMRIDDHI ISPAT PRIVATE LIMITED	Director	30/09/2009	01/09/2009	-	Active	NO
13	U45400WB2007PTC117235	RISING BUILDCON PRIVATE LIMITED	Director appointed in casual vacancy	01/12/2009	01/12/2009	-	Active	NO
14	U40106WB2007PTC115193	SINGHAL ENERGY PRIVATE LIMITED	Director	05/01/2010	05/01/2010	-	Active	NO
15	U27100WB2008PTC126902	SINGHAL STEEL & POWER PRIVATE LIMITED	Director	05/01/2010	05/01/2010	-	Active	NO
16	U27100WB2007PTC115906	SINGHAL STEEL PRIVATE LIMITED	Director	05/01/2010	05/01/2010	-	Active	NO
17	U74140WB2005PTC106263	DUDHORIA MANAGEMENT CONSULTING PRIVATE LIMITED	Director	30/09/2010	14/01/2010	01/01/2015	Active	NO
18	U40300WB2010PTC147507	BALCHAND TRACOM PRIVATE LIMITED	Director	12/05/2010	12/05/2010	01/01/2015	Active	NO
19	U51909WB2010PTC147998	SHREYANSH TRADECOM PRIVATE LIMITED	Director	17/05/2010	17/05/2010	11/01/2011	Active	NO
20	U51909WB2007PTC117674	RIDHI SIDHI MERCHANTS PRIVATE LIMITED	Director	01/06/2010	01/06/2010	02/01/2015	Active	NO
21	U52390WB2010PTC142204	UJALA DEALERS PRIVATE LIMITED	Director	19/07/2010	19/07/2010	-	Active	NO
22	U51909WB2007PTC117710	DHANLAXMI MERCANTILE PRIVATE LIMITED	Director	30/09/2011	19/10/2010	-	Active	NO
23	U70100WB2011PTC156678	SRI VENKATESH INFRANIRMAN PRIVATE LIMITED	Director	04/01/2011	04/01/2011	-	Active	NO
24	U70109WB2011PTC156738	SIYA INFRACON PRIVATE LIMITED	Director	05/01/2011	05/01/2011	24/06/2011	Active	NO
25	U70109WB2011PTC156747	JAI DURGA INFRANIRMAN PRIVATE LIMITED	Director	05/01/2011	05/01/2011	18/08/2011	Active	NO
26	U70109WB2011PTC156862	HANSHIKA TOWERS PRIVATE LIMITED	Director	07/01/2011	07/01/2011	12/03/2012	Active	NO
27	U70109WB2011PTC157366	MEEHIKA PROCON PRIVATE LIMITED	Director	15/01/2011	15/01/2011	02/01/2015	Active	NO
28	U70109WB2011PTC158561	MEEHIKA REALCON PRIVATE LIMITED	Director	04/02/2011	04/02/2011	-	Active	NO
29	U52100WB2010PTC148278	FORCEFUL TIE UP PRIVATE LIMITED	Director	05/09/2011	05/09/2011	-	Active	NO
30	U70109WB2011PTC157140	EAST INDIA PROCON PRIVATE LIMITED	Director	30/12/2011	01/12/2011	-	Active	NO
31	U51109WB1996PTC076825	WELMEN DEALCOMM PRIVATE LIMITED	Director	02/12/2011	02/12/2011	-	Active	NO
32	U51909WB2010PTC146778	KALAKUNJ SUPPLIERS PRIVATE LIMITED	Director	29/09/2012	01/02/2012	03/01/2015	Active	NO
33	U51909WB2010PTC146770	BLUEROSE VANIJYA PRIVATE LIMITED	Director	29/09/2012	01/02/2012	03/01/2015	Active	NO
34	U70109WB2012PTC181296	DHANLAXMI HOUSING PROJECTS PRIVATE LIMITED	Director	04/09/2013	12/06/2012	05/01/2015	Active	NO
35	U70109WB2012PTC181078	DHANLAXMI VASTU PRIVATE LIMITED	Director appointed in casual vacancy	19/02/2013	19/02/2013	-	Active	NO
36	U70109WB2012PTC181000	DHANLAXMI REALTY PRIVATE LIMITED	Director	11/09/2013	22/02/2013	05/01/2015	Active	NO
37	U70109WB2012PTC181094	DHANLAXMI TOWERS PRIVATE LIMITED	Director	13/09/2013	01/06/2013	27/09/2014	Active	NO
38	U45400WB2013PTC199280	B S ENGINEERING & CONSTRUCTION PRIVATE LIMITED	Director	09/01/2014	09/01/2014	-	Active	NO
39	AAC-2003	MEEHIKA BUILDCON LLP	Designated Partner	24/03/2014	24/03/2014	-	Active	NO
40	AAC-2004	HANSHIKA ESTATES LLP	Designated Partner	24/03/2014	24/03/2014	-	Active	NO
41	AAC-2005	SIYAA BUILDMART LLP	Designated Partner	24/03/2014	24/03/2014	-	Active	NO
42	AAC-9177	PERIWAL CONSTRUCTIONS LLP	Designated Partner	14/11/2014	14/11/2014	-	Active	NO
43	AAC-9893	SIYAA CONSTRUCTIONS LLP	Designated Partner	28/11/2014	28/11/2014	-	Active	NO
44	AAD-0218	HANSHIKA INFRANIRMAN LLP	Designated Partner	05/12/2014	05/12/2014	-	Active	NO
45	AAD-0283	MEEHIKA DEVELOPERS LLP	Designated Partner	09/12/2014	09/12/2014	-	Active	NO

Name :

Mr. Sanjay Agarwal

Designation :

Director

Address :

45, Shakespeare Sarani, 303, Century Tower, Kolkata - 700017, West Bengal, India

Date of Appointment :

27.04.2009

DIN No.:

00537476

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	U52110WB1997PTC082924	SINGHAL ENTERPRISES PRIVATE LIMITED	Managing director	21/06/2000	21/06/2000	-	Active	YES
2	U63090WB2003PTC095683	SINGHAL CARRIERS PRIVATE LIMITED	Director	21/01/2003	21/01/2003	-	Active	YES
3	U65999WB1995PTC067721	SUKANYA TRADING & FINANCE PRIVATE LIMITED	Director	05/06/2006	05/06/2006	-	Active	NO
4	U40106WB2007PTC115193	SINGHAL ENERGY PRIVATE LIMITED	Director	16/04/2007	16/04/2007	-	Active	NO
5	U27106WB2007PTC115907	SINGHAL ALLOYS ISPAT PRIVATE LIMITED	Director	18/05/2007	18/05/2007	-	Active	NO
6	U45203WB2007PTC115905	S. A. ENCLAVE PRIVATE LIMITED	Director	18/05/2007	18/05/2007	-	Active	NO
7	U27100WB2007PTC115906	SINGHAL STEEL PRIVATE LIMITED	Director	18/05/2007	18/05/2007	-	Active	NO
8	U65999WB1996PTC081996	BSJ FINANCIAL SERVICES PRIVATE LIMITED	Director	30/05/2007	30/05/2007	-	Active	NO
9	U10101CT2007PTC020161	MADANPUR (NORTH) COAL COMPANY Private LIMITED	Nominee director	06/08/2007	06/08/2007	-	Active	NO
10	U27100WB2008PTC126902	SINGHAL STEEL & POWER PRIVATE LIMITED	Director	25/06/2008	25/06/2008	-	Active	NO
11	U51909WB1990PTC049193	SHEILY FISCAL SERVICES PVT LTD	Director	01/09/2008	01/09/2008	-	Active	NO
12	U27109WB1986PTC040582	TAURUS ISPAT PVT LTD	Director	01/11/2008	01/11/2008	02/11/2008	Active	NO
13	U28931CT1991PTC006418	SHRI SHYAM ISPAT(INDIA) PRIVATE LIMITED	Director	27/04/2009	27/04/2009	-	Active	NO

Name :

Mr. Ajay Agarwal

Designation :

Director

Address :

45, Shakespeare Sarani, 303, Century Towers, Kolkata - 700017, West Bengal, India

Date of Appointment :

27.04.2009

DIN No.:

00537579

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	U52190WB1990PTC050216	PARAMPARA IMPEX P LTD	Director	11/11/1997	11/11/1997	21/11/2007	Active	NO
2	U52110WB1997PTC082924	SINGHAL ENTERPRISES PRIVATE LIMITED	Whole-time director	17/07/2001	17/07/2001	-	Active	YES
3	U65999WB1995PTC067721	SUKANYA TRADING & FINANCE PRIVATE LIMITED	Director	05/06/2006	05/06/2006	-	Active	NO
4	U40106WB2007PTC115193	SINGHAL ENERGY PRIVATE LIMITED	Director	16/04/2007	16/04/2007	-	Active	NO
5	U27106WB2007PTC115907	SINGHAL ALLOYS ISPAT PRIVATE LIMITED	Director	18/05/2007	18/05/2007	-	Active	NO
6	U45203WB2007PTC115905	S. A. ENCLAVE PRIVATE LIMITED	Director	18/05/2007	18/05/2007	-	Active	NO
7	U27100WB2007PTC115906	SINGHAL STEEL PRIVATE LIMITED	Director	18/05/2007	18/05/2007	-	Active	NO
8	U65999WB1996PTC081996	BSJ FINANCIAL SERVICES PRIVATE LIMITED	Director	30/05/2007	30/05/2007	-	Active	NO
9	U27100WB2008PTC126902	SINGHAL STEEL & POWER PRIVATE LIMITED	Director	25/06/2008	25/06/2008	-	Active	NO
10	U51909WB1990PTC049193	SHEILY FISCAL SERVICES PRIVATE LIMITED	Director	01/09/2008	01/09/2008	-	Active	NO
11	U27109WB1986PTC040582	TAURUS ISPAT PRIVATE LIMITED	Director	01/11/2008	01/11/2008	02/11/2008	Active	NO
12	U28931CT1991PTC006418	SHRI SHYAM ISPAT(INDIA) PRIVATE LIMITED	Director	27/04/2009	27/04/2009	-	Active	NO

Name :

Mr. Sanjay Daruka

Designation :

Director

Address :

Hatia Bazar, Jhumri Telaiya, Koderma - 825409, Jharkhand, India

Date of Appointment :

18.02.2009

DIN No.:

01288476

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	U27102WB2005PTC106862	SAMRIDDHI ISPAT PRIVATE LIMITED	Director	26/12/2005	26/12/2005	31/05/2010	Active	NO
2	U28931CT1991PTC006418	SHRI SHYAM ISPAT(INDIA) PRIVATE LIMITED	Director	18/02/2009	18/02/2009	-	Active	NO
3	U27109WB1986PTC040582	TAURUS ISPAT PRIVATE LIMITED	Director	02/04/2009	02/04/2009	-	Active	NO

Name :

Mr. Shraisth Kamalia

Designation :

Director

Address :

102, Shantikunj Apartment, Chajju Bagh, Patna - 800001, Bihar, India

Date of Appointment :

01.04.2010

DIN No.:

01842372

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	U27100WB1995PTC139881	SUMIT ISPAT PRIVATE LIMITED	Director	10/10/2007	10/10/2007	-	Active	NO
2	U00331WB1996PLC136210	SUMIT INDUSTRIESLIMITED	Additional director	03/03/2008	03/03/2008	-	Active	NO
3	U67120WB2008PTC126286	DIKSHA SECURITIES PRIVATE LIMITED	Director	11/04/2011	30/05/2008	-	Active	NO
4	U28931CT1991PTC006418	SHRI SHYAM ISPAT(INDIA) PRIVATE LIMITED	Director	01/04/2010	01/04/2010	-	Active	NO
5	U40106WB2007PTC115193	SINGHAL ENERGY PRIVATE LIMITED	Director	01/04/2010	01/04/2010	-	Active	NO
6	U27100WB2007PTC115906	SINGHAL STEEL PRIVATE LIMITED	Director	01/04/2010	01/04/2010	-	Active	NO

Name :

Mr. Vikas Daruka

Designation :

Director

Address :

Hatia Road, At/Po- Jhumritilaiya, Koderma - 825409, Jharkhand, India

Date of Appointment :

27.02.2009

DIN No.:

02544863

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	U28931CT1991PTC006418	SHRI SHYAM ISPAT(INDIA) PRIVATE LIMITED	Director	27/02/2009	27/02/2009	-	Active	NO
2	U27109WB1986PTC040582	TAURUS ISPAT PRIVATE LIMITED	Director	02/04/2009	02/04/2009	-	Active	NO
3	U27102WB2005PTC106862	SAMRIDDHI ISPAT PRIVATE LIMITED	Director	30/09/2009	15/09/2009	31/05/2010	Active	NO

KEY EXECUTIVES

Name :	Wazda Tarannum
Designation :	Secretary
Address :	38/1D, Shamsul Huda Road, Park Circus, Circus Avenue, Kolkata - 700017, West Bengal, India
PAN No.:	AXLPT8976C
Date of Appointment :	01.04.2015
Name :	Mr. S K Das
Designation :	Accountant
Name :	Mr. Sudhir Agarwal
Designation :	Chartered Accountant

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2014

Names of Shareholders	No. of Shares
Sanjay Agarwal	994500
Ajay Agarwal	966450
Samta Agarwal	18000
Nitu Agrawal	18000
Sanjay Agarwal (HUF)	64000
Ajay Agarwal (HUF)	63000
Sumitra Devi Agarwal	65000
Taurus Ispat Private Limited, India	932650
Sheily Fiscal Services Private Limited, India	724400
S. S. Tracom Private Limited, India	235000
Rita Kamalia	21000
Mahesh Periwal	50000
Sanjay Daruka	20000
Vikas Daruka	20000
Sumit Industries Limited, India	20000
Sumit Ispat Private Limited, India	15000
Parrot Agencies and Credit Private Limited, India	1761200
Welmen Dealcomm Private Limited, India	250000
Singhal Energy Private Limited, India	2140000
Total	8378200

Equity Share Break up (Percentage of Total Equity)

AS ON 30.09.2014

Category	Percentage
Bodies corporate	72.55
Directors or relatives of Directors	27.45
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged into manufacturing and sale of sponge iron, M.S. ingots and generation and sale of power.

Product / Service:

Item Code No.	Product / Service Description
72181000	Steel Products

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Not Divulged

PRODUCTION STATUS NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

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

Customers :

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

No. of Employees :

Information declined by the management

Bankers :

Bank Name	IndusInd Bank Limited
Branch	2401 Gen Thimmayya Road, Contonment, Pune - 411001, Maharashtra, 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

Bank of Baroda, Mid Corporate Branch, 2nd Floor, LIC Investment 
Building, Pandri, Raipur - 492001, Chhattisgarh, India

Facilities :

Secured Loan	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Long-term Borrowings
Rupee term loans from banks	420.009	488.334
Other loans and advances, others	0.000	2.431
Short-term borrowings
Loans repayable on demand from banks	129.699	189.949
Total	549.708	680.714

Financial Institutions :	Tata Capital Limited, One Forbes, Dr. V B Gandhi Marg, Fort, Mumbai - 400001, Maharashtra, India Tata Capital Financial Services Limited, One Forbes, Dr. V.B. Gandhi Marg Fort, Mumbai - 400001, Maharashtra, India
Auditors :
Name :	R. K. Singhania and Associates Chartered Accountants
Address :	104, Goverdhan Tower, Chaitanya Nagar, Dhimarapur Road, Raigarh - -496001, Chhattisgarh, India
PAN No.:	AAGFR3093N
Memberships :	Not Available
Collaborators :	Not Available
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives:	Singhal Enterprises Private Limited [U52110WB1997PTC082924]

CAPITAL STRUCTURE

AS ON 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
10,000,000	Equity Shares	Rs.10/- each	Rs.100.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
8,378,200	Equity Shares	Rs.10/- each	Rs.83.782 Million

AS ON 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
10,000,000	Equity Shares	Rs.10/- each	Rs.100.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
78,92,200	Equity Shares	Rs.10/- each	Rs.78.922 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	78.922	54.722	42.270
(b) Reserves & Surplus	574.545	499.599	365.647
(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)	653.467	554.321	407.917
(3) Non-Current Liabilities
(a) long-term borrowings	421.764	503.699	348.865
(b) Deferred tax liabilities (Net)	9.418	0.573	3.157
(c) Other long term liabilities	0.279	0.159	0.836
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	431.461	504.431	352.858
(4) Current Liabilities
(a) Short term borrowings	129.699	189.949	173.476
(b) Trade payables	80.628	46.975	32.855
(c) Other current liabilities	104.772	73.237	19.297
(d) Short-term provisions	18.627	25.433	31.508
Total Current Liabilities (4)	333.726	335.594	257.136
TOTAL	1418.654	1394.346	1017.911
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	876.935	171.462	189.187
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	48.256	686.082	374.406
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.449	0.933	0.555
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	33.969	39.368	25.512
(e) Other Non-current assets	17.629	7.934	15.103
Total Non-Current Assets	977.238	905.779	604.763
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	80.818	143.198	29.024
(c) Trade receivables	92.191	60.696	99.826
(d) Cash and cash equivalents	185.503	207.433	151.468
(e) Short-term loans and advances	50.501	34.791	96.513
(f) Other current assets	32.403	42.449	36.317
Total Current Assets	441.416	488.567	413.148
TOTAL	1418.654	1394.346	1017.911

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income	1385.800	1375.600	NA
	Other Income	NA	NA	NA
	TOTAL	NA	NA	NA
Less	EXPENSES	NA	NA	NA
	PROFIT/ (LOSS) BEFORE TAX	NA	NA	NA
Less	TAX	NA	NA	NA
	PROFIT/ (LOSS) AFTER TAX	47.600	38.000	36.931
	Earnings / (Loss) Per Share (Rs.)	6.03	6.94	NA

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	104.772	73.237	19.297
Cash generated from operations	NA	NA	NA
Net cash flows from (used in) operations	242.524	99.815	167.853
Net cash flows from (used in) operating activities	211.858	63.528	135.887

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	3.43	2.76	NA
Debt Equity Ratio (Total Debt /Networth)		1.00	1.38	1.33
Current Ratio (Current Asset/Current Liability)		1.32	1.46	1.61

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	42.270	54.722	78.922
Reserves & Surplus	365.647	499.599	574.545
Share Application money pending allotment	0.000	0.000	0.000
Net worth	407.917	554.321	653.467
long-term borrowings	348.865	503.699	421.764
Short term borrowings	173.476	189.949	129.699
Current Maturities of Long Term Debt	19.297	73.237	104.772
Total borrowings	541.638	766.885	656.235
Debt/Equity ratio	1.328	1.383	1.004

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)
Sales	1375.600	1385.800
		0.741

NET PROFIT MARGIN

Net Profit Margin	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)
Sales	1375.600	1385.800
Profit	38.000	47.600
	2.76%	3.43%

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	No
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	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	Yes
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

UNSECURED LOAN

PARTICULARS	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Long-term Borrowings
Other loans and advances, others	1.755	12.934
Total	1.755	12.934

FINANCE

The Company's Net Revenue from operations is Rs 1385.800 Million (P.Y. 1375.600 Million) and net profit after provision for Tax is Rs 47.600 Million (P.Y. 38.000 Million). Management believes that the market condition of the product is good in future.

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10586074	31/07/2015	1,900,000.00	TATA CAPITAL FINANCIAL SERVICES LIMITED	ONE FORBES, DR. V.B. GANDHI MARG FORT, MUMBAI - 400001, MAHARASHTRA, INDIA	C61742060
2	10531570	22/10/2014	2,168,764.00	INDUSIND BANK LIMITED	2401 GEN THIMMAYYA ROAD, CONTONMENT, PUNE - 411001, MAHARASHTRA, INDIA	C33777533
3	10519112	02/07/2014	40,000,000.00	BANK OF BARODA	MID CORPORATE BRANCH, 2ND FLOOR, LIC INVESTMENT  BUILDING, PANDRI, RAIPUR - 492001, CHHATTISGARH, INDIA	C19902444
4	10413158	14/02/2013	2,370,000.00	INDUSIND BANK LIMITED	2401 GEN THIMMAYYA ROAD, CONTONMENT, PUNE - 411001, MAHARASHTRA, INDIA	B71247613
5	10354300	31/03/2012	1,780,000.00	TATA CAPITAL FINANCIAL SERVICES LIMITED	ONE FORBES, DR. V. B. GANDHI MARG, FORT, MUMBAI - 400001,  MAHARASHTRA, INDIA	B39185020
6	10354304	24/03/2012	2,130,000.00	TATA CAPITAL FINANCIAL SERVICES LIMITED	ONE FORBES, DR. V. B. GANDHI MARG, FORT, MUMBAI - 400001,  MAHARASHTRA, INDIA	B39188545
7	10338008	31/12/2011	2,800,000.00	TATA CAPITAL LIMITED	ONE FORBES, DR. V. B. GANDHI MARG, FORT, MUMBAI - 400001,  MAHARASHTRA, INDIA	B33139049
8	10308694	30/08/2011	1,260,000.00	TATA CAPITAL LIMITED	ONE FORBES, DR. V. B. GANDHI MARG, FORT, MUMBAI - 400001,  MAHARASHTRA, INDIA	B21830963
9	10292874	23/05/2011	2,000,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI - 400013, MAHARASHTRA, INDIA	B15244635
10	10259159	24/11/2010	1,980,000.00	TATA CAPITAL LIMITED	ONE FORBES, DR. V. B. GANDHI MARG, FORT, MUMBAI - 400001,  MAHARASHTRA, INDIA	B03039005

* Date of charge modification

FIXED ASSETS

• Land
• Buildings
• Plant and equipment
• Furniture and fixtures
• Vehicles
• Office equipment

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.66.17
UK Pound	1	Rs.100.66
Euro	1	Rs.70.97

INFORMATION DETAILS

Information Gathered by :	SUP
Analysis Done by :	RAS
Report Prepared by :	SNT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILITY	1~10	6
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	6
--CREDIT LINES	1~10	5
--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		49

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.