MIRA INFORM REPORT

Report No. :	351422
Report Date :	28.11.2015

IDENTIFICATION DETAILS

Name :	SANVIJAY ROLLING AND ENGINEERING LIMITED (w.e.f. 19.05.2000)
Formerly Known As :	SANVIJAY RE-ROLLING AND ENGINEERING WORKS LIMITED (w.e.f. 18.06.1996) SANVIJAY RE-ROLLING AND ENGINEERING WORKS PRIVATE LIMITED
Registered Office :	Plot No. 9, Immamwada Road, Nagpur – 440018, Maharashtra
Tel. No.:	91-712-2729130/ 136
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	16.10.1987
Com. Reg. No.:	11-045013
Capital Investment / Paid-up Capital :	Rs.50.000 Million
CIN No.: [Company Identification No.]	U27100MH1987PLC045013
IEC No.:	Not Applicable (Note:- As claimed by company management chat company does not export and import)
TAN No.: [Tax Deduction & Collection Account No.]	NGPS00313F
PAN No.: [Permanent Account No.]	AACCS0217J
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturing and Trading of Iron and Steel items.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

Ba (50)

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

Status :	Satisfactory
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having a satisfactory track record. As per available financial of 2014, the company has reported marginal increase in its revenue base along with some improvement in the net profit. Further, it has reported satisfactory networth position and debt level. Trade relations are reported as fair. Business is active. Payments are reported to be slow but correct. The company can be considered for 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	Moderate degree of safety and moderate credit risk.
Date	October 12, 2015

Rating Agency Name	CARE
Rating	Short Term Bank Facilities = A3+
Rating Explanation	Moderate degree of safety and higher credit risk.
Date	October 12, 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

Management non-co-operative (91-712-27291136

LOCATIONS

Registered Office :	9, Immamwada Road, Nagpur – 440018, Maharashtra, India
Tel. No.:	91-712-2729130/ 136
Fax No.:	91-712-2720716/ 2723799
E-Mail :	cs@sanvijay.com steel@sanvijay.com
Website :	http://www.sanvijay.com

Note: Six Manufacturing facilities located in industrial areas of Butibori and Hingna, Nagpur.

DIRECTORS

As on: 30.09.2014

Name :

Mr. Sanjay Puranlal Agrawal

Designation :

Whole Time Director

Address :

26, Bhagwaghar Layout, Dharampeth, Nagpur – 440010, Maharashtra, India

Date of Birth/Age :

26.07.1966

Qualification :

B. Com

Date of Appointment :

16.02.2003

PAN No.:

ABUPA3463G

DIN No.:

00308722

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	U70101MH1992PTC067892	LOSSY ESTATES AND INVESTMENTS PRIVATE LIMITED	Director	15/07/1999	15/07/1999	-	Active	NO
2	U72220MH2000PTC124023	MACROSOFT INFOTECH AND SYSTEMS PRIVATE LIMITED	Director	03/02/2000	03/02/2000	-	Active	NO
3	U45208MH1980PTC022816	SUNRISE STRUCTURALS AND ENGINEERING PRIVATE LIMITED	Director	14/08/2000	14/08/2000	-	Active	NO
4	U45209MH1995PTC094474	SANVIJAY AUTO ENGINEERING PRIVATE LIMITED	Director	01/01/2002	01/01/2002	-	Active	NO
5	U27100MH1988PTC046143	DIU ISPAT UDYOG PRIVATE LIMITED	Director	10/12/2002	10/12/2002	-	Active	NO
6	U27100MH1987PLC045013	SANVIJAY ROLLING AND ENGINEERING LIMITED	Whole-time director	16/02/2003	16/02/2003	-	Active	NO
7	U45201MH2006PLC165768	CHHINDWARA PLUS DEVELOPERS LIMITED	Director	24/11/2006	24/11/2006	-	Active	NO
8	U74899MH1994PTC193861	PROGRESSIVE CASTINGS PRIVATE LIMITED	Director	29/09/2007	28/06/2007	05/12/2011	Active	NO
9	U27101MH2005PTC229064	SATYA SHYAM STEELS PRIVATE LIMITED	Director	30/09/2008	10/03/2008	-	Active	NO
10	U24239MH2009NPL189289	APPLE MEDICARE	Director	01/01/2009	01/01/2009	-	Active	NO
11	U27100MH2003PLC141810	GRACE INDUSTRIES LIMITED	Managing director	28/01/2010	20/01/2009	-	Active	NO
12	U70101MH2006PTC161848	LALITAMBIKA BUILDERS AND DEVELOPERS PRIVATE LIMITED	Additional director	15/04/2009	15/04/2009	-	Active	NO
13	U01403MH2007PTC168270	MAHALAXMI AGRO AND LAND DEVELOPERS PRIVATE LIMITED	Additional director	15/04/2009	15/04/2009	-	Active	NO
14	U27106MH2007PLC176783	SOMU STEEL AND POWER LIMITED	Director	30/09/2009	01/06/2009	-	Active	NO
15	U51109WB1995PTC069876	MAHAK TRACON RIVATE LIMITED	Director	30/09/2009	24/06/2009	05/11/2012	Active	NO
16	U10100MH2008PTC186624	MAHARASHTRA COAL COMPANY PRIVATE LIMITED	Director	30/09/2010	27/11/2009	-	Active	NO
17	U30007MH1990PLC056918	LIBERTY COMPUTER STATIONERY LIMITED	Additional director	15/12/2009	15/12/2009	30/09/2010	Active	NO
18	U28920MH1982PTC029004	PRAKASH TRADERS PRIVATE LIMITED	Additional director	15/12/2009	15/12/2009	30/09/2010	Active	NO
19	U51909WB2007PTC114541	BASUKINATH SALES PRIVATE LIMITED	Director	30/09/2010	01/04/2010	05/11/2012	Active	NO
20	U51909WB2007PTC114636	DAMODAR VINIMAY PRIVATE LIMITED	Director	30/09/2010	01/04/2010	05/11/2012	Active	NO
21	U51109WB2007PTC114468	BASUDEO VYAPAAR PRIVATE LIMITED	Director	30/09/2010	01/04/2010	05/11/2012	Active	NO
22	U65993WB1977PTC031098	BOHRA AND COMPANY PRIVATE LIMITED	Director	30/09/2010	18/06/2010	05/11/2012	Active	NO
23	U51109WB1996PTC078080	VASUNDHARA COMMODITIES PRIVATE LIMITED	Director	30/09/2010	25/06/2010	05/11/2012	Active	NO
24	U74900MH2009PTC195711	EXPLO-TECH CONSULTING PRIVATE LIMITED	Director	26/09/2011	05/01/2011	-	Active	NO
25	U27310MH2012PTC230428	SANVIJAY ENGINEERING AND STRUCTURES PRIVATE LIMITED	Director	30/04/2012	30/04/2012	-	Active	NO
26	U93000MH2013PTC246368	BUTIBORI MANUFACTURERS TECHNOLOGY CLUSTER PRIVATE LIMITED	Director	30/07/2013	30/07/2013	-	Active	NO

Name :

Mr. Ajay Puranlal Agrawal

Designation :

Whole Time Director

Address :

12, Daga Layout, NA Road, Nagpur – 440010, Maharashtra, India

Date of Birth/Age :

12.11.1979

Qualification :

B. Tech

Date of Appointment :

03.03.2004

PAN No.:

ABUPA3426F

DIN No.:

00084840

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	U27100MH1988PTC046143	DIU ISPAT UDYOG PRIVATE LIMITED	Director	10/01/1998	10/01/1998	-	Active	NO
2	U27100MH1987PLC045013	SANVIJAY ROLLING AND ENGINEERING LIMITED	Whole-time director	03/03/2004	03/03/2004	-	Active	NO
3	U27101MH2005PTC229064	SATYA SHYAM STEELS PRIVATE LIMITED	Director	30/09/2008	10/03/2008	-	Active	NO
4	U74899MH1994PTC193861	PROGRESSIVE CASTINGS PRIVATE LIMITED	Director	30/06/2008	30/06/2008	20/04/2012	Active	NO
5	U27100MH2003PLC141810	GRACE INDUSTRIES LIMITED	Director	28/01/2010	20/01/2009	-	Active	NO
6	U27106MH2007PLC176783	SOMU STEEL AND POWER LIMITED	Director	30/09/2009	01/06/2009	-	Active	NO
7	U51109WB1995PTC069876	MAHAK TRACON PRIVATE LIMITED	Director	30/09/2009	24/06/2009	-	Active	NO
8	U70101MH1992PTC067892	LOSSY ESTATES AND INVESTMENTS PRIVATE LIMITED	Director	30/09/2010	20/10/2009	-	Active	NO
9	U45209MH1995PTC094474	SANVIJAY AUTO ENGINEERING PRIVATE LIMITED	Director	29/09/2012	15/12/2009	-	Active	NO
10	U51909WB2007PTC114636	DAMODAR VINIMAY PRIVATE LIMITED	Director	30/09/2010	01/04/2010	-	Active	NO
11	U51909WB2007PTC114541	BASUKINATH SALES PRIVATE LIMITED	Director	30/09/2010	01/04/2010	-	Active	NO
12	U51109WB2007PTC114468	BASUDEO VYAPAAR PRIVATE LIMITED	Director	30/09/2010	01/04/2010	-	Active	NO
13	U28920MH1982PTC029004	PRAKASH TRADERS PRIVATE LIMITED	Additional director	24/11/2011	24/11/2011	15/03/2012	Active	NO
14	U30007MH1990PLC056918	LIBERTY COMPUTER STATIONERY LIMITED	Director	29/09/2012	24/11/2011	-	Active	NO
15	U45208MH1980PTC022816	SUNRISE STRUCTURALS AND ENGINEERING PRIVATE LIMITED	Director	29/09/2012	24/11/2011	-	Active	NO
16	U65993WB1977PTC031098	BOHRA AND COMPANY PRIVATE LIMITED	Additional director	05/11/2012	05/11/2012	-	Active	NO
17	U51109WB1996PTC078080	VASUNDHARA COMMODITIES PRIVATE LIMITED	Additional director	05/11/2012	05/11/2012	-	Active	NO

Name :

Mr. Shrikant Agrawal

Designation :

Director

Address :

26, Hindustan Colony, Amravati Road, Nagpur – 440033, Maharashtra, India

Date of Birth/Age :

10.10.1960

Date of Appointment :

30.09.2009

PAN No.:

AIAPA5762B

DIN No.:

02446283

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	U74140MH2002PTC137501	NEO VISION HOMECARE SERVICES PRIVATE LIMITED	Director	24/02/2004	24/02/2004	-	Active	YES
2	U27100MH1987PLC045013	SANVIJAY ROLLING AND ENGINEERING LIMITED	Director	30/09/2009	23/02/2009	-	Active	NO
3	U21000MH2010PTC209901	SHRIDUTTA KRUPA PACKAGING PRIVATE LIMITED	Director	09/11/2010	09/11/2010	-	Active	NO

Name :

Mr. Purushottam Hastimal Purohit

Designation :

Director

Address :

141A Sharda Niwas, Ramsumerbabanagar, Kawlapeth, Nagpur – 440008, Maharashtra, India

Date of Birth/Age :

14.05.1953

Date of Appointment :

30.09.2009

PAN No.:

ABAPP9690G

DIN No.:

02563591

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	U27100MH1987PLC045013	SANVIJAY ROLLING AND ENGINEERING LIMITED	Director	30/09/2009	27/02/2009	-	Active	NO
2	U27100MH2003PLC141810	GRACE INDUSTRIES LIMITED	Director	28/01/2010	24/11/2009	-	Active	NO

Name :

Mrs. Kavita Sanjay Agrawal

Designation :

Director

Address :

Plot No.26, Bhagwaghar Lay Out, Dharampeth, Nagpur-440010, Maharashtra, India

Date of Birth/Age :

07.01.1968

PAN:

ABGPA8625G

Date of Appointment :

30.06.2015

DIN No.:

00085004

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	U28920MH1982PTC029004	PRAKASH TRADERS PRIVATE LIMITED	DIRECTOR	15/12/1999	15/12/1999	15/03/2012	ACTIVE	NO
2	U72220MH2000PTC124023	MACROSOFT INFOTECH AND SYSTEMS PRIVATE LIMITED	DIRECTOR	03/02/2000	03/02/2000	-	ACTIVE	NO
3	U30007MH1990PLC056918	LIBERTY COMPUTER STATIONERY LIMITED	DIRECTOR	28/12/2000	28/12/2000	-	ACTIVE	NO
4	U92142MH2001PTC133565	RAMA ENTERTAINMENT PRIVATE LIMITED	DIRECTOR	30/09/2006	01/09/2005	15/07/2008	ACTIVE	NO
5	U27100MH1987PLC045013	SANVIJAY ROLLING AND ENGINEERING LIMITED	DIRECTOR	30/09/2015	05/05/2008	-	ACTIVE	NO
6	U70101MH2006PTC161848	LALITAMBIKA BUILDERS & DEVELOPERS PRIVATE LIMITED	ADDITIONAL DIRECTOR	15/04/2009	15/04/2009	15/04/2009	ACTIVE	NO
7	U01403MH2007PTC168270	MAHALAXMI AGRO AND LAND DEVELOPERS PRIVATE LIMITED	ADDITIONAL DIRECTOR	15/04/2009	15/04/2009	23/01/2014	ACTIVE	NO
8	U74900MH2009PTC195711	SANVIJAY INFRASTRUCTURES PRIVATE LIMITED	DIRECTOR	26/09/2011	05/01/2011	-	ACTIVE	NO
9	U27310MH2012PTC230428	SANVIJAY ENGINEERING AND STRUCTURES PRIVATE LIMITED	DIRECTOR	30/04/2012	30/04/2012	07/01/2015	ACTIVE	NO

KEY EXECUTIVES

Name :	Mrs. Rupali Ramchandran Mudaliar
Designation :	Secretary
Address :	Plot No.19/B, Om Awass Apartment, Pande Layout, Khamla Road, Nagpur - 440025, Maharashtra, India
Date of Appointment :	05.08.2014
PAN:	BOOPM3019L

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 30.09.2014

Names of Shareholders	No. of Shares
Sanjay Puranlal Agrawal	97500
Sitadevi Puranlal Agrawal	73960
Kavita Sanjay Agrawal	97500
Ajay Puranlal Agrawal	95140
Saurabh Sanjay Agrawal	97500
Damodar Vinimay Private Limited, India	7725
Basukinath Sales Private Limited, India	15525
Basudeo Vyapar Private Limited, India	15150
Total	500000

Equity Share Break up (Percentage of Total Equity)

As on: 30.09.2014

Category	Percentage
Bodies corporate	8.00
Directors or relatives of directors	92.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturing and Trading of Iron and Steel items.

Products :

ITC Code	Product Descriptions
72165000	Angle
72111410	Flat Bar
21061324	Round
73051129	Welded Pipe
73181500	Nut/Bolt
72071990	Bloom
84559000	Glide Box
72189990	S.S. Bloom
72210090	S.S. Wire rod
72221199	S.S. sRound
72042990	Waste & Scrap
26190090	Mill Scale
72011000	Pig Iron
72084010	Plate
72022100	Ferro Silicon
27011200	Coal Churi

Brand Names :

Not Divulged

Agencies Held :

Not Divulged

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Not Divulged

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 :

Not Divulged

Bankers :

• IDBI Bank Limited 3rd Floor, Gupta Tower, Temple Road, Civil Lines, Nagpur - 440001, Maharashtra, India

• State Bank of India, Industrial Finance Branch, 5, Sai Complex, Bharat Nagar, Amravati Road, Post Box No.401, Nagpur - 440033, Maharashtra, India

• ING – Vysya Bank Limited, 22, M G Road, Bangalore, Karnataka, India

• UCO Bank, MID Corporate Branch, Anjani, Wardha Road, Nagpur-440015, Maharashtra, India

• Punjab National Bank (As Lead Banker) Foreshore Road Branch, 1st Floor, Raheja Chambers, Nariman Point, Mumbai - 400021, Maharashtra, India

Banker Name	Not Divulged
Branch Address	Not Divulged
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
Name of Account Holder	Not Divulged
Account Number	Not Divulged
IFSC Code	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

(Rs. In Million)

Particulars	As on 31.03.2014	As on 31.03.2013
Long term borrowings
Rupees term loans from banks	0.790	5.083
Short term borrowings	0.000
Working capital loans from banks	3317.452	3131.695
Total	3318.242	3136.778

Auditors :
Name :	Gupta Sarda and Bagdia Chartered Accountants
Address :	6-Farmland Central Bazar Road, Nagpur, Maharashtra, India
Email:	mca_gsb@yahoo.co.in
PAN No.:	AAAFG8821D
Memberships :	---
Collaborators :	--
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives:	Prakash Traders Sunrise Structurals and Engineering Private Limited Diu Ispat Udyog Private Limited Liberty Computer Stationery Limited Puranlal Agrawal (HUF) Satya Shyam Steels Private Limited Somu Steel and Power Limited Progressive Castings Private Limited Sanvijay Auto Engineering Private Limited Prakash Traders Private Limited
Subsidiary Company	Grace Industries Limited Explo-Tech Consulting Private Limited
Others	Maharashtra Coal Company Private Limited

CAPITAL STRUCTURE

As on: 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
1000000	Equity Shares	Rs.100/- each	Rs. 100.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
500000	Equity Shares	Rs.100/- each	Rs. 50.000 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014	31.03.2013	31.03.2012
EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	50.000	50.000	50.000
(b) Reserves & Surplus	4049.400	3786.187	3518.702
(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)	4099.400	3836.187	3568.702
(3) Non-Current Liabilities
(a) long-term borrowings	353.432	416.177	622.432
(b) Deferred tax liabilities (Net)	234.995	228.551	224.684
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	588.427	644.728	847.116
(4) Current Liabilities
(a) Short term borrowings	3327.952	3299.695	3142.810
(b) Trade payables	353.731	436.662	307.922
(c) Other current liabilities	255.668	432.806	307.329
(d) Short-term provisions	0.250	0.211	0.167
Total Current Liabilities (4)	3937.601	4169.374	3758.228
TOTAL	8625.428	8650.289	8174.046
ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	1350.697	1340.008	1373.527
(ii) Intangible Assets	1.857	1.856	2.481
(iii) Capital work-in-progress	19.271	59.415	31.670
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	251.709	251.709	251.609
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	96.424	323.570	668.447
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	1719.958	1976.558	2327.734
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	2540.847	3472.629	2883.923
(c) Trade receivables	3001.877	2283.226	1407.776
(d) Cash and cash equivalents	102.524	31.395	79.761
(e) Short-term loans and advances	1260.222	886.481	1474.852
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	6905.470	6673.731	5846.312
TOTAL	8625.428	8650.289	8174.046

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	11002.328	11508.584	10552.973
		Other Income	8.134	12.422	33.296
		TOTAL (A)	11010.462	11521.006	10586.269
Less	EXPENSES
		Cost of material consumed	8057.261	8828.608	7380.277
		Purchase of stock in trade	499.029	1543.272	1231.005
		Changes in inventories of finished goods, work in progress and stock in trade	767.121	(707.040)	(24.477)
		Employee benefit expenses	151.644	148.802	141.877
		Other expenses	959.277	1179.996	1121.995
		Prior period items before tax	0.608	(2.849)	2.460
		Exceptional items before tax	0.000	0.000	(47.287)
		TOTAL (B)	10434.940	10990.789	9805.850
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		575.522	530.217	780.419
Less	FINANCIAL EXPENSES (D)		347.469	350.919	426.019
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		228.053	179.298	354.400
Less	DEPRECIATION/ AMORTISATION (F)		113.493	115.888	118.141
	PROFIT BEFORE TAX (E-F) (G)		114.560	63.410	236.259
Less	TAX (H)		45.133	30.990	73.484
	PROFIT AFTER TAX (G-H) (I)		69.427	32.420	162.775
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		2221.906	2189.486	2176.71
Less	APPROPRIATIONS		25.000	0.000	150.000
	BALANCE CARRIED TO THE B/S		2266.333	2221.906	2189.486
	EARNINGS IN FOREIGN CURRENCY		13.210	0.000	0.000
	Earnings Per Share (Rs.)		138.85	64.84	325.55

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2013
Current Maturities of Long term debt	6.765	8.929	8.589
Cash generated from operations	NA	NA	NA
Net Cash flows from operating activities	253.324	(588.671)	966.840

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2013
Net Profit Margin (PAT / Sales)	(%)	0.63	0.28	1.54
Operating Profit Margin (PBIDT/Sales)	(%)	5.23	4.61	7.40
Return on Total Assets (PBT/Total Assets}	(%)	1.37	0.76	2.99
Return on Investment (ROI) (PBT/Networth)		0.03	0.02	0.07
Debt Equity Ratio (Total Debt /Networth)		0.90	0.97	1.06
Current Ratio (Current Asset/Current Liability)		1.75	1.60	1.56

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	50.000	50.000	50.000
Reserves & Surplus	3518.702	3786.187	4049.400
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	3568.702	3836.187	4099.400
long-term borrowings	622.432	416.177	353.432
Short term borrowings	3142.810	3299.695	3327.952
CURRENT MATURITIES OF LONG-TERM DEBTS	8.589	8.929	6.765
Total borrowings	3773.831	3724.801	3688.149
Debt/Equity ratio	1.057	0.971	0.900

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	10552.973	11508.584	11002.328
		9.055	(4.399)

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	10552.973	11508.584	11002.328
Profit	162.775	32.420	69.427
	1.54%	0.28%	0.63%

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	Yes
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

(Rs. In Million)

Particulars	As on 31.03.2014	As on 31.03.2013
Long term borrowings
Deferred payment liabilities	107.202	108.389
Loans and advance from directors	187.156	244.604
Loans and advance from others	53.284	48.101
Other loans and advance	5.000	10.000
Short term borrowings
Other loans and advance, others	10.500	168.000
Total	363.142	579.094

CONTINGENT LIABILITIES:

(Rs. in million)

PARTICULARS	31.03.2015
Claims against company not acknowledged as debt	306.040
Guarantees	230.119
Other money for which company is contingently liable	7828.138

INDEX OF CAHREGS:

S. NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10489045	29/06/2015 *	600,000,000.00	STATE BANK OF INDIA	INDUSTRAIL FINANCE BRANCH, 5, SAI COMPLEX, BHARAT NAGAR, AMRAVATI ROAD, POST BOX NO.401, NAGPUR - 440033, MAHARASHTRA, INDIA	C59180711
2	10466756	26/11/2013	300,000,000.00	IDBI BANK LIMITED	3RD FLOOR, GUPTA TOWER, TEMPLE ROAD, CIVIL LINES, NAGPUR - 440001, MAHARASHTRA, INDIA	B92196161
3	10003936	15/04/2014 *	2,850,000,000.00	UCO BANK	UCO BANK, ITWARI BRANCH, SALASAR LAZA,POSTOFC ROAD,  GANDHIBAGH, NAGPUR - 440002, MAHARASHTRA, INDIA	C03366341
4	90236445	19/03/2015 *	3,700,000,000.00	UCO BANK	MID CORPORATE BRANCH, 9, RAMKRISHNA NAGAR, AJNI S QUARE, WARDHA ROAD, NAGPUR - 440003, MAHARASHTRA,  INDIA	C49600406

* Date of charge modification

FIXED ASSETS:

· Land

· Shed and Building

· Plant and Machinery

· Electrical Installation

· Laboratory and Testing Equipments

· Rolls

· Generator

· Computers

· Furniture and Fixture

· Vehicles

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

6] Records on Int’l Anti-Money Laundering Laws/Standards :

Charges or investigation registered against subject: None

7] Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

8] Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

9] Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

CONTRAVENTION

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.66.55
UK Pound	1	Rs.100.64
Euro	1	Rs.70.70

INFORMATION DETAILS

Information Gathered by :	NYA
Analysis Done by :	KNJ
Report Prepared by :	MTN

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILITY	1~10	4
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	5
--RESERVES	1~10	6
--CREDIT LINES	1~10	6
--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		50

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.