MIRA INFORM REPORT

Report No. :	352021
Report Date :	28.11.2015

IDENTIFICATION DETAILS

Name :	KOLAR PAPER MILLS LIMITED [w.e.f. 13.07.2010]

Formerly Known As :	KOLAR PAPER MILLS PRIVATE LIMITED

Registered Office :	A 404, Twin Tower CHS Limited, 2nd Cross Lane, Lokhandwala, Near Apna Ghar, Andheri (West), Mumbai – 400053, Maharashtra
Mobile No.:	91-9042055755 (Mr. Shelly Agarwal)

Country :	India

Financials (as on) :	31.03.2014

Date of Incorporation :	06.01.2010

Com. Reg. No.:	11-198581

Capital Investment / Paid-up Capital :	Rs.198.690 Million

CIN No.: [Company Identification No.]	U21098MH2010PLC198581

IEC No.:	Not Available

TAN No.: [Tax Deduction & Collection Account No.]	Not Available

PAN No.: [Permanent Account No.]	AADCK8381N

Legal Form :	A Closely Held Public Limited Liability Company

Line of Business :	Subject is engaged in the manufacturing of Kraft paper which is widely in packaging industry, especially for making corrugated boxes.

No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

Ca (13)

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate

Payment Behaviour :	Slow and delayed

Litigation :	Clear

Comments :	Subject was incorporated in the year 2010 having moderate track. Rating is constrained on account of delay in payment of interest on term loans on account of delay in the commencement of operations by one year on account of revision in the project and cost overruns. The company has reported low reserves for the year 2014. However, business is active as per company status shown in the Registrar of Companies. Payments are slow and delayed The company can be considered for business dealings on safe and secured trade terms and condition. (Partial information are gathered by indirect sources i.e. ICRA )

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

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	ICRA - I - RD
Rating Explanation	Expected Instrument with rating are in default or expected to be default on maturity.

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. Shelly Agarwal
Designation :	Director
Contact No.:	91-9042055755
Date :	27.11.2015

LOCATIONS

Registered Office :	A 404, Twin Tower CHS Limited, 2nd Cross Lane, Lokhandwala, Near Apna Ghar, Andheri (West), Mumbai – 400053, Maharashtra, India
Tel. No.:	Not Available
Mobile No.:	91-9042055755 (Mr. Shelly Agarwal)
Fax No.:	Not Available
E-Mail :	kolarpaper@gmail.com

Administrative Office :	88/2, Chikkabegur Road, Hosur Main Road, Bangalore, India
Tel. No.:	91-80-41115951/ 25733444
Fax No.:	91-41115950
E-Mail :	kolarpaper@gmail.com

Factory :	Sy No 104, 105 and 106, Parameswara mangalam Village, Puttur Mandal, Chittoor 517584

DIRECTORS

AS ON 30.09.2014

Name :

Ramsarandas Surajbhan Agrawal

Designation :

Director

Address :

C-2/005 Ashiyana C0-Operative Housing Society, Marol, Andheri (East) Mumbai - 400059, Maharashtra, India

Date of Birth/Age :

20.04.1944

Date of Appointment :

14.08.2012

DIN No.:

00116591

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	U21010MH1983PTC031398	BAZARGAON PAPER AND PULP MILLS PRIVATE LIMITED	Managing director	22/11/1983	22/11/1983	-	Active	NO
2	U54380MH1989PLC054380	CRYSTAL PAPER MILLS LIMITED	Managing director	27/11/1989	27/11/1989	-	Active	NO
3	U21010MH1991PLC063789	ANCHOR PAPER MILLS LIMITED	Managing director	28/10/1991	28/10/1991	-	Active	NO
4	U21000MH2004PTC149307	MAJESTIC PAPER MILLS PRIVATE LIMITED	Managing director	28/10/2004	28/10/2004	-	Active	NO
5	U21010MH1992PLC065112	DECOR PAPER MILLS LIMITED	Managing director	01/07/2012	10/02/2005	-	Active	NO
6	U21098MH2010PLC198581	KOLAR PAPER MILLS LIMITED	Director	14/08/2012	06/01/2010	-	Active	NO
7	U21000MH2010PLC207471	PONDY PULP AND PAPER LIMITED	Director	06/09/2010	06/09/2010	-	Active	NO
8	U13203MH2010PTC209854	A-ONE MINERALS PRIVATE LIMITED	Director	08/11/2010	08/11/2010	-	Active	NO

Name :

Narsingdas Jaiprakash Agrawal

Designation :

Director

Address :

C-2/005 Ashiyana C0-Operative Housing Society, Marol, Andheri (East) Mumbai - 400059, Maharashtra, India

Date of Birth/Age :

02.01.1949

Date of Appointment :

14.08.2012

DIN No.:

00116632

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	U21010MH1983PTC031398	BAZARGAON PAPER AND PULP MILLS PRIVATE LIMITED	Director	22/11/1983	22/11/1983	-	Active	NO
2	U54380MH1989PLC054380	CRYSTAL PAPER MILLS LIMITED	Director	27/11/1989	27/11/1989	-	Active	NO
3	U21010MH1991PLC063789	ANCHOR PAPER MILLS LIMITED	Director	28/10/1991	28/10/1991	-	Active	NO
4	U21000MH2004PTC149307	MAJESTIC PAPER MILLS PRIVATE LIMITED	Director	28/10/2004	28/10/2004	-	Active	NO
5	U21010MH1992PLC065112	DECOR PAPER MILLS LIMITED	Whole-time director	01/07/2012	10/02/2005	-	Active	NO
6	U21098MH2010PLC198581	KOLAR PAPER MILLS LIMITED	Director	14/08/2012	06/01/2010	-	Active	NO
7	U21000MH2010PLC207471	PONDY PULP AND PAPER LIMITED	Director	06/09/2010	06/09/2010	-	Active	NO
8	U13203MH2010PTC209854	A-ONE MINERALS PRIVATE LIMITED	Director	08/11/2010	08/11/2010	-	Active	NO

Name :

Narsingdas Sushil Agarwal

Designation :

Director

Address :

C-2/005 Ashiyana C0-Operative Housing Society, Marol, Andheri (East) Mumbai - 400059, Maharashtra, India

Date of Birth/Age :

20.05.1963

Date of Appointment :

14.08.2012

DIN No.:

00116668

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	U21010MH1992PLC065112	DECOR PAPER MILLS LIMITED	Director	01/07/2012	29/01/1992	-	Active	NO
2	U21010MH1983PTC031398	BAZARGAON PAPER AND PULP MILLS PRIVATE LIMITED	Director	22/03/1993	22/03/1993	-	Active	NO
3	U21010MH1991PLC063789	ANCHOR PAPER MILLS LIMITED	Director	15/11/1995	15/11/1995	-	Active	NO
4	U54380MH1989PLC054380	CRYSTAL PAPER MILLS LIMITED	Director	19/11/1995	19/11/1995	-	Active	NO
5	U21010MH1998PTC117231	NEW BOMBAY PAPER MILLS PRIVATE LIMITED	Director	19/01/2004	19/01/2004	-	Active	NO
6	U21000MH2004PTC149307	MAJESTIC PAPER MILLS PRIVATE LIMITED	Director	28/10/2004	28/10/2004	-	Active	NO
7	U21098MH2010PLC198581	KOLAR PAPER MILLS LIMITED	Director	14/08/2012	06/01/2010	-	Active	NO
8	U21000MH2010PLC207471	PONDY PULP AND PAPER LIMITED	Director	06/09/2010	06/09/2010	-	Active	NO
9	U13203MH2010PTC209854	A-ONE MINERALS PRIVATE LIMITED	Director	08/11/2010	08/11/2010	-	Active	NO

Name :

Surajbhan Samir Agrawal

Designation :

Director

Address :

C-2/005 Ashiyana C0-Operative Housing Society, Marol, Andheri (East) Mumbai - 400059, Maharashtra, India

Date of Birth/Age :

17.02.1972

Date of Appointment :

14.08.2012

DIN No.:

00116704

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	U21010MH1991PLC063789	ANCHOR PAPER MILLS LIMITED	Director	15/05/1997	15/05/1997	-	Active	NO
2	U24110MH1994PTC077404	DECOR CHEMICALS PRIVATE LIMITED	Director	01/06/1997	01/06/1997	-	Active	NO
3	U21010MH1998PTC117231	NEW BOMBAY PAPER MILLS PRIVATE LIMITED	Director	19/01/2004	19/01/2004	13/10/2015	Active	NO
4	U21010MH1992PLC065112	DECOR PAPER MILLS LIMITED	Director	01/07/2012	08/04/2004	-	Active	NO
5	U21098MH2010PLC198581	KOLAR PAPER MILLS LIMITED	Director	14/08/2012	06/01/2010	-	Active	NO
6	U21000MH2010PLC207471	PONDY PULP AND PAPER LIMITED	Director	06/09/2010	06/09/2010	-	Active	NO
7	U13203MH2010PTC209854	A-ONE MINERALS PRIVATE LIMITED	Director	08/11/2010	08/11/2010	-	Active	NO

Name :

Surajbhan Ashish Agrawal

Designation :

Director

Address :

C-2/005 Ashiyana C0-Operative Housing Society, Marol, Andheri (East) Mumbai - 400059, Maharashtra, India

Date of Birth/Age :

07.07.1976

Date of Appointment :

06.01.2010

DIN No.:

00116744

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	U24110MH1994PTC077404	DECOR CHEMICALS PRIVATE LIMITED	Director	01/06/1997	01/06/1997	-	Active	NO
2	U21010MH1998PTC117231	NEW BOMBAY PAPER MILLS PRIVATE LIMITED	Director	19/01/2004	19/01/2004	13/10/2015	Active	NO
3	U21010MH1992PLC065112	DECOR PAPER MILLS LIMITED	Director	08/04/2004	08/04/2004	-	Active	NO
4	U21020MH2009PTC195010	ENIGMA PAPER MILLS PRIVATE LIMITED	Director	18/08/2009	18/08/2009	-	Active	NO
5	U21098MH2010PLC198581	KOLAR PAPER MILLS LIMITED	Director	06/01/2010	06/01/2010	-	Active	NO
6	U21000MH2010PLC207471	PONDY PULP AND PAPER LIMITED	Director	06/09/2010	06/09/2010	-	Active	NO
7	U13203MH2010PTC209854	A-ONE MINERALS PRIVATE LIMITED	Director	08/11/2010	08/11/2010	-	Active	NO

Name :

Jaiprakash Ritesh Agrawal

Designation :

Director

Address :

C-2/005 Ashiyana C0-Operative Housing Society, Marol, Andheri (East) Mumbai - 400059, Maharashtra, India

Date of Birth/Age :

04.02.1977

Date of Appointment :

06.01.2010

DIN No.:

00116782

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	U24110MH1994PTC077404	DECOR CHEMICALS PRIVATE LIMITED	Director	01/06/1997	01/06/1997	-	Active	NO
2	U21010MH1998PTC117231	NEW BOMBAY PAPER MILLS PRIVATE LIMITED	Director	19/01/2004	19/01/2004	-	Active	NO
3	U21010MH1992PLC065112	DECOR PAPER MILLS LIMITED	Director	08/04/2004	08/04/2004	-	Active	NO
4	U21020MH2009PTC195010	ENIGMA PAPER MILLS PRIVATE LIMITED	Director	18/08/2009	18/08/2009	-	Active	NO
5	U21098MH2010PLC198581	KOLAR PAPER MILLS LIMITED	Director	06/01/2010	06/01/2010	-	Active	NO
6	U21000MH2010PLC207471	PONDY PULP AND PAPER LIMITED	Director	06/09/2010	06/09/2010	-	Active	NO
7	U13203MH2010PTC209854	A-ONE MINERALS PRIVATE LIMITED	Director	08/11/2010	08/11/2010	-	Active	NO

Name :

Jaiprakash Shelly Agrawal

Designation :

Director

Address :

C-2/005 Ashiyana C0-Operative Housing Society, Marol, Andheri (East) Mumbai - 400059, Maharashtra, India

Date of Birth/Age :

10.10.1980

Date of Appointment :

06.01.2010

DIN No.:

00116817

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	U21010MH1998PTC117231	NEW BOMBAY PAPER MILLS PRIVATE LIMITED	Director	19/01/2004	19/01/2004	13/10/2015	Active	NO
2	U21010MH1992PLC065112	DECOR PAPER MILLS LIMITED	Director	08/04/2004	08/04/2004	-	Active	NO
3	U21098MH2010PLC198581	KOLAR PAPER MILLS LIMITED	Director	06/01/2010	06/01/2010	-	Active	NO
4	U21000MH2010PLC207471	PONDY PULP AND PAPER LIMITED	Director	06/09/2010	06/09/2010	-	Active	NO
5	U13203MH2010PTC209854	A-ONE MINERALS PRIVATE LIMITED	Director	08/11/2010	08/11/2010	-	Active	NO

MAJOR SHAREHOLDERS

AS ON 30.09.2014

Names of Shareholders		No. of Shares
Jaiprakash Agrawal		2654000
Sushil Agrawal		1774500
Surajbhan Agrawal		2631600
Ashish Agrawal		1821900
Ritesh Agrawal		1634700
Samir Agrawal		1958050
Shelly Agrawal		1917400
Alka Samir Agarwal		1284800
Bharti Ritesh Agarwal		797500
Neha Ashish Agarwal		856100
Padma devi Surajbhan Agarwal		140000
Santosh devi Jaiprakash Agarwal		910000
Vinata Sushil Agarwal		914000
Jaiprakash Agrawal (HUF)		60000
Narsingdas Agrawal		60000
Surajbhan Agrawal (HUF)		90500
Blumoon Dealers Private Limited, India		22000
Dhanrashi Dealer Private Limited, India		41000
Regal Barter Private Limited, India		5000
Zeus Vinimay Private Limited, India		12500
Advent Commercial Services Private Limited, India		12000
Bonus Trexim Private Limited, India		15000
Clive Vintrade Private Limited, India		5000
Radhika Investment Consultants Private Limited, India		32000
Sandalwood Commercial Private Limited, India		17500
Simplex Housing Development Private Limited, India		44000
Virat Suppliers Private Limited, India		12000
Fort Financial Consultants Private Limited, India		25000
Innovation Property Consultants Private Limited, India		9000
Mayapur Vintrade Private Limited, India		25000
Rising Fashion Traders Private Limited, India		43500
Wise Financial Advisory Service Private Limited, India		15500
Amarlaxmi Sales Private Limited, India		2500
Axisline Commodities Trade Private Limited, India		11000
Bhanupriya Projects Consultants Private Limited, India		11500
Solty Vincom Private Limited, India		3000
Total		19869050

Equity Share Break up (Percentage of Total Equity)

AS ON 3.09.2014

Category	Percentage
Bodies corporate	1.83
Directors or relatives of Directors	98.17
Total	100.00

BUSINESS DETAILS

Line of Business :	Subject is engaged in the manufacturing of Kraft paper which is widely in packaging industry, especially for making corrugated boxes.

Products :	Kraft Paper

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 :

State Bank of Hyderabad, Punjagutta Branch, H.No.6-3-542/2, "Rose Made", Punjagutta, Hyderabad - 500082, Telangana, India

Banker Name	State Bank Of Patiala
Branch Address	R. P. Road, Secunderabad - 500003, Telangana, 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 :

(Rs. In Million)

SECURED LOAN	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWINGS
Rupee term loans from banks [First charge on entire fixed assets and Second charges on current assets]	554.912	376.500
Total	554.912	376.500

Financial Institution :	SREI Equipment Finance Limited, 'Vishwakarma', 86C, Topsia Road, Kolkata - 700046, West Bengal, India

Auditors :
Name :	Ashok R Majethia and Company Chartered Accountants
Address :	Usav Complex, Off No.8, Bazarpeth, Tq. Kahalapur, Khopoli, Dist : Raigad., Maharashtra, India
PAN N Income-tax PAN of auditor or auditor's firm :	ABQPM5203L

Memberships :	Not Available

Collaborators :	Not Available

Associates :	Decor Paper Mills Limited, India [U21010MH1992PLC065112] Bombay Paper Mills Private Limited

CAPITAL STRUCTURE

AS ON 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount

20000000	Equity Shares	Rs.10/- each	Rs.200.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

19869050	Equity Shares	Rs.10/- each	Rs.198.690 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	198.691	40.670	40.671
(b) Reserves & Surplus	69.160	69.160	69.160
(c) Money received against share warrants	0.000	0.000	0.000

(2) Share Application money pending allotment	51.750	0.000	0.000
Total Shareholders’ Funds (1) + (2)	319.601	109.830	109.831

(3) Non-Current Liabilities
(a) long-term borrowings	556.321	367.500	195.166
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	14.302	135.897	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	570.623	503.397	195.166

(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	0.000	0.000	0.000
(c) Other current liabilities	40.510	29.853	6.252
(d) Short-term provisions	0.000	0.000	0.000
Total Current Liabilities (4)	40.510	29.853	6.252

TOTAL	930.734	643.080	311.249

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	186.253	111.125	46.443
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	650.989	435.802	210.676
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.000	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	27.866	44.137	0.000
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	865.108	591.064	257.119

(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	0.000	0.000	0.000
(c) Trade receivables	0.000	0.000	0.000
(d) Cash and cash equivalents	1.396	2.193	2.261
(e) Short-term loans and advances	64.190	49.784	51.835
(f) Other current assets	0.040	0.039	0.034
Total Current Assets	65.626	52.016	54.130

TOTAL	930.734	643.080	311.249

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	15.714	20.000	NA
Cash generated from operations	NA	NA	NA
Net cash flows from (used in) operations	0.000	0.000	NA

KEY RATIOS

PARTICULARS	31.03.2014	31.03.2013	31.03.2012
Debt Equity Ratio (Total Debt /Networth)	0.00	0.20	0.40

Current Ratio (Current Asset/Current Liability)	1.79	3.53	1.78

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	40.671	40.670	198.691
Reserves & Surplus	69.160	69.160	69.160
Share Application money pending allotment	0.000	0.000	51.750
Net worth	109.831	109.830	319.601

Long-term borrowings	195.166	367.500	556.321
Short term borrowings	0.000	0.000	0.000
Total borrowings	195.166	367.500	556.321
Debt/Equity ratio	1.777	3.346	1.741

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	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	No
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last three years	No
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

(Rs. In Million)

Particulars	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWING
Rupee term loans from others	1.409	0.000
Total	1.409	0.000

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10549491	22/01/2015	632,000.00	SREI EQUIPMENT FINANCE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA	C43794841
2	10486853	03/03/2014	1,264,000.00	SREI EQUIPMENT FINANCE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA	C01143734
3	10478750	31/01/2014	798,800.00	SREI EQUIPMENT FINANCE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA	B96841010
4	10470396	14/11/2013	112,500,000.00	STATE BANK OF PATIALA	R.P. ROAD, SECUNDERABAD, ANDHRA PRADESH - 500003, INDIA	B93572345
5	10302575	07/01/2013 *	297,200,000.00	STATE BANK OF HYDERABAD	PUNJAGUTTA BRANCH, H.NO.6-3-542/2, "ROSE MADE', PUNJAGUTTA, HYDERABAD, ANDHRA PRADESH - 500082, INDIA	B66330408
6	10257577	19/12/2014 *	632,500,000.00	STATE BANK OF HYDERABAD	PUNJAGUTTA BRANCH, H.NO.6-3-542/2,, "ROSE MADE", PUNJAGUTTA,, HYDERABAD, TELANGANA - 500082, INDIA	C40363368

* Date of charge modification

CONTINGENT LIABILITIES:

(Rs. in million)

PARTICULARS	31.03.2014	31.03.2013
Guarantees	182.700	300.500

FIXED ASSETS

Tangible assets

Land

Plant and equipment

Factory equipment’s

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 records 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.66.75
UK Pound	1	Rs.100.68
Euro	1	Rs.70.88

INFORMATION DETAILS

Information Gathered by :	SUP

Analysis Done by :	AMR

Report Prepared by :	GEET

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
PAID-UP CAPITAL	1~10	2
OPERATING SCALE	1~10	1
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	1
--PROFITABILITY	1~10	2
--LIQUIDITY	1~10	2
--LEVERAGE	1~10	1
--RESERVES	1~10	1
--CREDIT LINES	1~10	1
--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		13

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.

MIRA INFORM REPORT

INDEX OF CHARGES

Unit