MIRA INFORM REPORT

Report No. :	351589
Report Date :	30.11.2015

IDENTIFICATION DETAILS

Name :	SHYAM STEEL INDUSTRIES LIMITED (w.e.f. 18.12.2003)
Formerly Known As :	SHYAM SHREE STEELS LIMITED
Registered Office :	Shyam Tower, EN 32, Sector – V, Salt Lake City, Kolkata – 700091, West Bengal
Tel No.:	91-33-40074007
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	08.03.2002
Com. Reg. No.:	21-094339
Capital Investment / Paid-up Capital :	Rs.65.000 Million
CIN No.: [Company Identification No.]	U27100WB2002PLC094339
TIN No.:	Not Available
IEC No.:	0203027485
TAN No.: [Tax Deduction & Collection Account No.]	CALS09603G
PAN No.: [Permanent Account No.]	AAGCS3838R
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	The Company is engaged in the business of manufacturing of various iron & steel products including Hot Rolled Steel Products, Sponge Iron, Billets / Blooms and Melting and Misroll. In addition, the Company generates power for its captive consumption.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

Ba (42)

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 :	Exist
Comments :	Subject was established in the year 2002 and it is engaged in the business of manufacturing of various iron and steel products including hot rolled steel product, sponge iron billets/booms and melting and misroll. In addition, the company generates power for its captive consumption. For the financial year ended 2014, revenue of the company has been declined by 22.15% but company has achieved profit from its operational activities during the year under a review. Rating continues to draw strength from experienced promoter with a long track record of operations supported by its established brand and diversified clientele, improvement in profitability and gearing rations during FY14. However, rating strength is partially offset by company’s working capital intensive nature of operations, intense competition from the unorganized sector and cyclicality in the steel industry. Trade relations are reported as fair. 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

Rating Agency Name	CARE
Rating	Long Term Bank Facilities = BBB
Rating Explanation	Have moderate degree of safety and carry moderate credit risk.
Date	18.03.2015

Rating Agency Name	CARE
Rating	Short Term Bank Facilities = A3
Rating Explanation	Have moderate degree of safety and carry higher credit risk.
Date	18.03.2015

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 :	Ms. Monika Lohia
Designation :	Accounts Department
Contact No.:	91-9007016265

LOCATIONS

Registered Office :	Shyam Tower, EN 32, Sector – V, Salt Lake City, Kolkata – 700091, West Bengal, India
Tel. No.:	91-33-40074007
Mobile No.:	91-9007016265 (Ms. Monika)
Fax No.:	91-33-40074010
E-Mail :	marketing@shyamsteel.com export@shyamsteel.com pc@shyamsteel.com finance@shyamsteel.com
Website :	www.shyamsteel.com
Manufacturing Facilities :	Located at Durgapura and Howrah, West Bengal, India
Branches :	Located At : Andhra Pradesh Assam Chhattisgarh Delhi Haryana Karnataka Orissa Tamil Nadu Uttar Pradesh Kerala

DIRECTORS

As on 30.09.2014

Name :

Mr. Govind beriwal

Designation :

Whole-time director

Address :

CF – 370 , Salt Lake City, Sector l, Kolkata – 700064, West Bengal, India

Date of Birth/Age :

09.03.1963

Date of Appointment :

02.09.2014

Voter ID No. :

WB-20-139-732024

DIN No. :

00006100

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	U65999WB1985PTC039875	SAJAN FINANCIERS AND COMMERCIALS PVT LTD	Director	02/02/2001	02/02/2001	05/11/2012	Active	NO
2	U27100WB2002PLC094339	SHYAM STEEL INDUSTRIES LIMITED	Director	02/09/2014	01/04/2005	-	Active	NO
3	U27310WB2005PTC102936	RANCHI CASTINGS PRIVATE LIMITED	Director	04/05/2005	04/05/2005	30/11/2012	Active	NO
4	U51909WB2005PTC103002	ADARSH TIE-UP PRIVATE LIMITED	Director	06/05/2005	06/05/2005	-	Amalgamated	NO
5	U27109WB2005PTC103291	TRUMAX ISPAT PRIVATE LIMITED	Director	25/05/2005	25/05/2005	31/03/2011	Active	NO
6	U45201WB2006PTC109007	VASUDEO ENCLAVE PVT LTD	Director	20/04/2006	20/04/2006	30/11/2012	Active	NO
7	U45201WB2006PTC109008	SREENATH PROMOTERS PVT LTD	Director	20/04/2006	20/04/2006	30/11/2012	Active	NO
8	U70101WB2006PTC109018	MANGALAM MANSION PVT LTD	Director	20/04/2006	20/04/2006	30/11/2012	Active	NO
9	U70101WB2006PTC109019	SWASTIKA MANSION PVT LTD	Director	20/04/2006	20/04/2006	30/11/2012	Active	NO
10	U70101WB2006PTC109020	LOTUS MANSION PVT LTD	Director	20/04/2006	20/04/2006	30/11/2012	Active	NO
11	U74140WB2006PTC109267	SHYAM TECHNICAL SERVICES PVT LTD	Director	10/05/2006	10/05/2006	30/11/2012	Active	NO
12	U70101WB2006PTC109907	SHYAM MANSION PRIVATE LIMITED	Director	14/06/2006	14/06/2006	20/12/2011	Active	NO
13	U70101WB2006PTC109914	SHYAMSREE INFRASTRUCTURE PVT LTD	Director	14/06/2006	14/06/2006	30/11/2012	Active	NO
14	U70101WB2006PTC109929	SHYAMSREE DEVELOPERS PVT LTD	Director	14/06/2006	14/06/2006	30/11/2012	Active	NO
15	U70101WB2006PTC110693	SHYAMSHREE ENCLAVE PRIVATE LIMITED	Director	20/07/2006	20/07/2006	27/12/2012	Active	NO
16	U70101WB2006PTC110743	KONARK HIRISE PRIVATE LIMITED	Director	27/01/2007	27/01/2007	27/12/2012	Active	NO
17	U27100WB2007PTC115235	SHYAM STEEL METALLICS Private Limited	Director	18/04/2007	18/04/2007	-	Active	NO
18	U67120WB2006PTC112242	Yashashvi Securities Private Limited	Director	27/09/2008	31/08/2007	10/09/2014	Active	NO
19	U51109WB2005PTC102381	AMBITION VINIMAY PRIVATE LIMITED	Additional director	12/10/2007	12/10/2007	-	Amalgamated	NO
20	U51109WB2005PTC105649	GRIN TIE-UP PRIVATE LIMITED	Additional director	12/10/2007	12/10/2007	-	Amalgamated	NO
21	U14219WB2008PTC128692	SHYAM MINERAL RESOURCES PRIVATE LIMITED	Director	22/08/2008	22/08/2008	30/11/2012	Active	NO
22	U51909OR1992PLC019431	SHRI JAGANNATH STEELS & POWER LIMITED	Director	22/09/2009	20/08/2009	25/11/2011	Active	NO
23	U70100WB2010PTC145309	GB RESORTS PRIVATE LIMITED	Director	16/04/2010	16/04/2010	27/12/2012	Active	NO
24	U51909WB2009PTC135163	UNICON VYAPAAR PRIVATE LIMITED	Director	30/09/2010	19/05/2010	30/11/2012	Active	NO
25	U74900WB2010PTC153339	SHYAM ANALYTICAL LABS PRIVATE LIMITED	Director	23/09/2010	23/09/2010	-	Active	NO
26	U52190WB2011PLC156940	CHITRALEKHA MERCHANTS LIMITED	Director	10/01/2011	10/01/2011	30/11/2012	Active	NO
27	U52190WB2012PTC174459	ARYADEEP TRADELINK PRIVATE LIMITED	Director	20/02/2012	20/02/2012	05/11/2012	Active	NO
28	U52190WB2012PTC174460	KAMALDHAN VINTRADE PRIVATE LIMITED	Director	20/02/2012	20/02/2012	30/11/2012	Active	NO
29	U52190WB2012PTC174461	MOONVIEW TIE-UP PRIVATE LIMITED	Director	20/02/2012	20/02/2012	05/11/2012	Active	NO
30	U52190WB2012PLC174462	PANCHSHREE TIE-UP LIMITED	Director	20/02/2012	20/02/2012	01/03/2012	Active	NO
31	U15541WB2010PTC154689	Shyamsree Food Processing Private Limited	Director	30/09/2014	25/08/2014	-	Active	NO
32	U10300WB2010PTC145868	LAKEVIEW DEALTRADE PRIVATE LIMITED	Additional director	02/02/2015	02/02/2015	29/05/2015	Active	NO

Name :

Mr. Purushottam Beriwala

Designation :

Director

Address :

CJ - 222, Salt Lake City, Sector ll, Kolkata – 700091, West Bengal, India

Date of Birth/Age :

08.08.1960

Date of Appointment :

02.09.2014

Voter ID No. :

WB-20-139-732515

DIN No. :

00006215

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	U51109WB1992PTC056738	BRIGHT HORIZON IMPEX P LTD.	Director	21/05/1999	21/05/1999	-	Amalgamated	NO
2	U65999WB1985PTC039875	SAJAN FINANCIERS AND COMMERCIALS PVT LTD	Director	15/01/2001	15/01/2001	02/09/2014	Active	NO
3	U27100WB2002PLC094339	SHYAM STEEL INDUSTRIES LIMITED	Whole-time director	02/09/2014	08/03/2002	-	Active	NO
4	U27101WB2002PTC094472	SGI ISPAT PRIVATE LIMITED	Director	05/04/2002	05/04/2002	01/04/2008	Active	NO
5	U27109WB2005PTC103291	TRUMAX ISPAT PRIVATE LIMITED	Director	02/05/2006	02/05/2006	25/03/2011	Active	NO
6	U01403WB2006PTC110700	SHYAMSREE AGRO COMMODITIES PRIVATE LIMITED	Director	29/09/2015	20/07/2006	-	Active	NO
7	U70101WB2006PTC110737	LAKEVIEW BUILDERS PRIVATE LIMITED	Director	24/07/2006	24/07/2006	30/11/2012	Active	NO
8	U24121WB1975PTC030089	DIN CHEMICALS & COATINGS PVT LTD	Director	12/04/2007	12/04/2007	30/11/2012	Active	NO
9	U27100WB2007PTC115235	SHYAM STEEL METALLICS Private Limited	Director	18/04/2007	18/04/2007	24/06/2013	Active	NO
10	U45400WB2007PTC116138	PUSPA NIKETAN PRIVATE LIMITED	Director	28/05/2007	28/05/2007	30/11/2012	Active	NO
11	U27102WB2002PTC095374	SHREEGOPAL HI-TECH PRIVATE LIMITED	Director	12/06/2007	12/06/2007	-	Amalgamated	NO
12	U67120WB2006PTC112242	Yashashvi Securities Private Limited	Director	27/09/2008	31/08/2007	10/09/2014	Active	NO
13	U70101WB2005PTC104566	LIBERAL HOUSING PRIVATE LIMITED	Additional director	12/10/2007	12/10/2007	-	Amalgamated	NO
14	U51109WB2005PTC106571	VICTOR VANIJYA PVT LTD	Additional director	12/10/2007	12/10/2007	-	Amalgamated	NO
15	U01134WB2010PTC145281	PB FARM HOUSE PRIVATE LIMITED	Director	15/04/2010	15/04/2010	01/01/2013	Active	NO
16	U40109WB2010PTC154127	SHYAMSTEEL POWER PRIVATE LIMITED	Director	18/10/2010	18/10/2010	01/01/2013	Active	NO
17	U01119WB2010PTC154124	SHYAMSTEEL AGRO PRIVATE LIMITED	Director	18/10/2010	18/10/2010	-	Active	NO
18	U40105WB2010PTC154125	SHYAMSTEEL ENERGY PRIVATE LIMITED	Director	18/10/2010	18/10/2010	-	Active	NO
19	U52190WB2010PTC155464	VAIKUNTHA TRADECOM PRIVATE LIMITED	Director	07/12/2010	07/12/2010	30/11/2012	Active	NO
20	U28999WB1991PLC051823	SOVA ISPAT LIMITED	Director	02/09/2014	10/01/2011	-	Active	NO
21	U52190WB2011PLC156940	CHITRALEKHA MERCHANTS LIMITED	Director	10/01/2011	10/01/2011	30/11/2012	Active	NO
22	U52190WB2011PTC168098	DAKSHA TIE-UP PRIVATE LIMITED	Director	23/09/2011	23/09/2011	02/09/2014	Active	NO
23	U52190WB2011PTC168114	ANANT VINTRADE PRIVATE LIMITED	Director	26/09/2011	26/09/2011	02/09/2014	Active	NO
24	U52190WB2011PTC168103	AVANEESH DEALMARK PRIVATE LIMITED	Director	26/09/2011	26/09/2011	02/09/2014	Active	NO
25	U52190WB2011PTC168116	BRIGHT DEALTRADE PRIVATE LIMITED	Director	26/09/2011	26/09/2011	02/09/2014	Active	NO
26	U52190WB2012PTC174459	ARYADEEP TRADELINK PRIVATE LIMITED	Director	26/09/2013	05/11/2012	02/09/2014	Active	NO
27	U52190WB2012PTC174461	MOONVIEW TIE-UP PRIVATE LIMITED	Director	27/09/2013	05/11/2012	02/09/2014	Active	NO
28	U52190WB2012PTC181674	LINKSTAR VYAPAAR PRIVATE LIMITED	Director	30/09/2013	05/11/2012	02/09/2014	Active	NO
29	U74140WB2004PTC099555	VANLILA CONSULTANTS PRIVATE LIMITED	Director	05/09/2013	30/11/2012	10/09/2014	Active	NO
30	U52190WB2012PTC174460	KAMALDHAN VINTRADE PRIVATE LIMITED	Director	26/09/2013	30/11/2012	-	Active	NO
31	U52190WB2012PTC181672	FOREMOST TIE-UP PRIVATE LIMITED	Director	30/09/2013	30/11/2012	02/09/2014	Active	NO
32	U15541WB2010PTC154689	Shyamsree Food Processing Private Limited	Director	26/09/2013	27/12/2012	16/08/2014	Active	NO
33	U10300WB2015PTC204843	SHYAM MINING PRIVATE LIMITED	Director	08/01/2015	08/01/2015	-	Active	NO

Name :

Mr. Lalit Beriwala

Designation :

Whole-time director

Address :

IB - 185, Salt Lake City, Sector lll, Kolkata – 700106, West Bengal, India

Date of Birth/Age :

14.12.1968

Date of Appointment :

02.09.2014

Voter ID No. :

WB-20-139-732023

DIN No. :

00006198

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	U27100WB2002PLC094339	SHYAM STEEL INDUSTRIES LIMITED	Director	02/09/2014	08/03/2002	-	Active	NO
2	U27310WB2005PTC102936	RANCHI CASTINGS PRIVATE LIMITED	Director	04/05/2005	04/05/2005	01/01/2013	Active	NO
3	U51909WB2005PTC103002	ADARSH TIE-UP PRIVATE LIMITED	Director	06/05/2005	06/05/2005	-	Amalgamated	NO
4	U27109WB2005PTC103291	TRUMAX ISPAT PRIVATE LIMITED	Director	25/05/2005	25/05/2005	02/09/2014	Active	NO
5	U45201WB2006PTC109007	VASUDEO ENCLAVE PVT LTD	Director	20/04/2006	20/04/2006	27/12/2012	Active	NO
6	U45201WB2006PTC109008	SREENATH PROMOTERS PVT LTD	Director	20/04/2006	20/04/2006	27/12/2012	Active	NO
7	U70101WB2006PTC109018	MANGALAM MANSION PVT LTD	Director	20/04/2006	20/04/2006	27/12/2012	Active	NO
8	U70101WB2006PTC109019	SWASTIKA MANSION PVT LTD	Director	20/04/2006	20/04/2006	27/12/2012	Active	NO
9	U70101WB2006PTC109020	LOTUS MANSION PVT LTD	Director	20/04/2006	20/04/2006	27/12/2012	Active	NO
10	U74140WB2006PTC109267	SHYAM TECHNICAL SERVICES PVT LTD	Director	10/05/2006	10/05/2006	27/12/2012	Active	NO
11	U70101WB2006PTC109907	SHYAM MANSION PRIVATE LIMITED	Director	14/06/2006	14/06/2006	17/01/2012	Active	NO
12	U70101WB2006PTC109914	SHYAMSREE INFRASTRUCTURE PVT LTD	Director	14/06/2006	14/06/2006	27/12/2012	Active	NO
13	U70101WB2006PTC109929	SHYAMSREE DEVELOPERS PVT LTD	Director	14/06/2006	14/06/2006	27/12/2012	Active	NO
14	U70101WB2006PTC110712	SHYAMSHREE NIKETAN PRIVATE LIMITED	Director	21/07/2006	21/07/2006	27/12/2012	Active	NO
15	U27100WB2007PTC115235	SHYAM STEEL METALLICS Private Limited	Director	18/04/2007	18/04/2007	-	Active	NO
16	U74140WB2004PTC099555	VANLILA CONSULTANTS PRIVATE LIMITED	Director	05/09/2013	01/08/2007	27/08/2014	Active	NO
17	U51109WB2005PTC103233	RAMTECH VANIJYA PRIVATE LIMITED	Additional director	12/10/2007	12/10/2007	-	Amalgamated	NO
18	U14219WB2008PTC128692	SHYAM MINERAL RESOURCES PRIVATE LIMITED	Director	22/08/2008	22/08/2008	27/12/2012	Active	NO
19	U51909OR1992PLC019431	SHRI JAGANNATH STEELS & POWER LIMITED	Director	22/09/2009	20/08/2009	15/06/2013	Active	NO
20	U73100WB2009PTC138299	TCP Marketing & Research Private Limited	Director	08/09/2009	08/09/2009	27/12/2012	Active	NO
21	U01403WB2010PTC144799	SSB ESTATE PRIVATE LIMITED	Director	05/04/2010	05/04/2010	30/11/2012	Active	NO
22	U74900WB2010PTC153339	SHYAM ANALYTICAL LABS PRIVATE LIMITED	Director	23/09/2010	23/09/2010	27/12/2012	Active	NO
23	U40109WB2010PTC154127	SHYAMSTEEL POWER PRIVATE LIMITED	Director	18/10/2010	18/10/2010	-	Active	NO
24	U01119WB2010PTC154124	SHYAMSTEEL AGRO PRIVATE LIMITED	Director	18/10/2010	18/10/2010	27/12/2012	Active	NO
25	U40105WB2010PTC154125	SHYAMSTEEL ENERGY PRIVATE LIMITED	Director	18/10/2010	18/10/2010	-	Active	NO
26	U15541WB2010PTC154689	Shyamsree Food Processing Private Limited	Director	16/11/2010	16/11/2010	16/08/2014	Active	NO
27	U28999WB1991PLC051823	SOVA ISPAT LIMITED	Whole-time director	02/09/2014	10/01/2011	-	Active	NO
28	U52190WB2011PLC156940	CHITRALEKHA MERCHANTS LIMITED	Director	10/01/2011	10/01/2011	27/12/2012	Active	NO
29	U52190WB2012PLC174462	PANCHSHREE TIE-UP LIMITED	Director	29/09/2012	01/03/2012	30/11/2012	Active	NO
30	L20291WB1985PLC038657	SWASTIK PLYWOOD LIMITED	Director	29/09/2012	21/03/2012	12/12/2014	Active	NO
31	U65999WB1985PTC039875	SAJAN FINANCIERS AND COMMERCIALS PVT LTD	Director	30/09/2013	05/11/2012	02/09/2014	Active	NO
32	U52190WB2011PTC168114	ANANT VINTRADE PRIVATE LIMITED	Director	26/09/2013	05/11/2012	02/09/2014	Active	NO
33	U52190WB2011PTC168103	AVANEESH DEALMARK PRIVATE LIMITED	Director	26/09/2013	05/11/2012	02/09/2014	Active	NO
34	U52190WB2011PTC168116	BRIGHT DEALTRADE PRIVATE LIMITED	Director	26/09/2013	05/11/2012	02/09/2014	Active	NO
35	U52190WB2011PTC168098	DAKSHA TIE-UP PRIVATE LIMITED	Director	26/09/2013	05/11/2012	02/09/2014	Active	NO
36	U52190WB2012PTC174459	ARYADEEP TRADELINK PRIVATE LIMITED	Director	26/09/2013	05/11/2012	02/09/2014	Active	NO
37	U52190WB2012PTC174461	MOONVIEW TIE-UP PRIVATE LIMITED	Director	27/09/2013	05/11/2012	02/09/2014	Active	NO
38	U52190WB2012PTC181674	LINKSTAR VYAPAAR PRIVATE LIMITED	Director	30/09/2013	05/11/2012	02/09/2014	Active	NO
39	U67120WB2006PTC112242	Yashashvi Securities Private Limited	Director	31/08/2013	27/12/2012	27/08/2014	Active	NO
40	U52190WB2012PTC174460	KAMALDHAN VINTRADE PRIVATE LIMITED	Director	26/09/2013	27/12/2012	-	Active	NO
41	U52190WB2012PTC181672	FOREMOST TIE-UP PRIVATE LIMITED	Director	30/09/2013	27/12/2012	02/09/2014	Active	NO
42	U10300WB2015PTC204843	SHYAM MINING PRIVATE LIMITED	Director	08/01/2015	08/01/2015	-	Active	NO
43	U01403WB2006PTC110700	SHYAMSREE AGRO COMMODITIES PRIVATE LIMITED	Director	29/09/2015	15/05/2015	-	Active	NO

Name :

Mr. Ravi Beriwala

Designation :

Director

Address :

BF – 218, Salt Lake City, Sector l, Kolkata – 700064, West Bengal, India

Date of Birth/Age :

06.06.1970

Date of Appointment :

01.01.2010

DIN No. :

00006230

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	U51109WB1992PTC056738	BRIGHT HORIZON IMPEX P LTD.	Director	21/05/1999	21/05/1999	-	Amalgamated	NO
2	U27109WB2005PTC103291	TRUMAX ISPAT PRIVATE LIMITED	Director	31/03/2011	02/05/2006	02/09/2014	Active	NO
3	U70101WB2006PTC110695	SHYAMSREE PROMOTERS PRIVATE LIMITED	Director	20/07/2006	20/07/2006	27/12/2012	Active	NO
4	U70101WB2006PTC110778	ROSEWOOD PLAZA PRIVATE LIMITED	Director	26/07/2006	26/07/2006	27/12/2012	Active	NO
5	U24121WB1975PTC030089	DIN CHEMICALS & COATINGS PVT LTD	Additional director	01/10/2013	12/04/2007	02/09/2014	Active	NO
6	U45400WB2007PTC116137	SHREE NIVAS BUILDESTATES PRIVATE LIMITED	Director	28/05/2007	28/05/2007	30/11/2012	Active	NO
7	U27102WB2002PTC095374	SHREEGOPAL HI-TECH PRIVATE LIMITED	Director	12/06/2007	12/06/2007	-	Amalgamated	NO
8	U74140WB2004PTC099555	VANLILA CONSULTANTS PRIVATE LIMITED	Director	05/09/2013	22/09/2007	10/09/2014	Active	NO
9	U51909WB2004PTC098060	SAFFORN MARKETING PRIVATE LIMITED	Director	12/10/2007	12/10/2007	-	Amalgamated	NO
10	U27101WB2002PTC094472	SGI ISPAT PRIVATE LIMITED	Director appointed in casual vacancy	01/04/2008	01/04/2008	02/02/2009	Active	NO
11	U27100WB2002PLC094339	SHYAM STEEL INDUSTRIES LIMITED	Director	01/01/2013	20/03/2009	-	Active	NO
12	U73100WB2009PTC138299	TCP Marketing & Research Private Limited	Director	08/09/2009	08/09/2009	27/12/2012	Active	NO
13	U01403WB2010PTC144799	SSB ESTATE PRIVATE LIMITED	Director	05/04/2010	05/04/2010	27/12/2012	Active	NO
14	U51909WB2009PTC135163	UNICON VYAPAAR PRIVATE LIMITED	Director	30/09/2010	19/05/2010	27/12/2012	Active	NO
15	U15541WB2010PTC154689	Shyamsree Food Processing Private Limited	Director	30/09/2014	16/11/2010	-	Active	NO
16	U52190WB2010PTC155464	VAIKUNTHA TRADECOM PRIVATE LIMITED	Director	07/12/2010	07/12/2010	27/12/2012	Active	NO
17	U52190WB2011PLC156940	CHITRALEKHA MERCHANTS LIMITED	Director	10/01/2011	10/01/2011	27/12/2012	Active	NO
18	U52190WB2012PTC174459	ARYADEEP TRADELINK PRIVATE LIMITED	Director	20/02/2012	20/02/2012	07/11/2012	Active	NO
19	U52190WB2012PTC174460	KAMALDHAN VINTRADE PRIVATE LIMITED	Director	20/02/2012	20/02/2012	27/12/2012	Active	NO
20	U52190WB2012PTC174461	MOONVIEW TIE-UP PRIVATE LIMITED	Director	20/02/2012	20/02/2012	07/11/2012	Active	NO
21	U52190WB2012PLC174462	PANCHSHREE TIE-UP LIMITED	Director	20/02/2012	20/02/2012	27/12/2012	Active	NO
22	L20291WB1985PLC038657	SWASTIK PLYWOOD LIMITED	Director	29/09/2012	21/03/2012	27/10/2014	Active	NO
23	U14219WB2008PTC128692	SHYAM MINERAL RESOURCES PRIVATE LIMITED	Director	16/09/2013	30/11/2012	-	Active	NO
24	U40105WB2010PTC154125	SHYAMSTEEL ENERGY PRIVATE LIMITED	Director	28/09/2013	27/12/2012	-	Active	NO
25	U74900WB2013PTC198735	SPECTRO SHYAM LABS PRIVATE LIMITED	Director	02/12/2013	02/12/2013	-	Active	NO
26	U74900WB2010PTC153339	SHYAM ANALYTICAL LABS PRIVATE LIMITED	Director	30/09/2014	02/09/2014	-	Active	NO
27	U10300WB2010PTC145868	LAKEVIEW DEALTRADE PRIVATE LIMITED	Additional director	02/02/2015	02/02/2015	29/05/2015	Active	NO

Name :

Mr. Nikunj Beriwal

Designation :

Whole Time Director

Address :

136, Jessore Road, Avani Oxford, Flat -4B, Lobby -1, Block -4, Kolkata - 700055, West Bengal, India

Date of Birth/Age :

23.04.1969

Date of Appointment :

02.09.2014

DIN No. :

00529975

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	U70101WB2006PTC110737	LAKEVIEW BUILDERS PRIVATE LIMITED	Director	24/07/2006	24/07/2006	27/12/2012	Active	NO
2	U45400WB2007PTC116138	PUSPA NIKETAN PRIVATE LIMITED	Director	28/05/2007	28/05/2007	27/12/2012	Active	NO
3	U27102WB2002PTC095374	SHREEGOPAL HI-TECH PRIVATE LIMITED	Director	12/06/2007	12/06/2007	-	Amalgamated	NO
4	U70109WB1991PTC051165	DHANGANGA PROPERTIES PVT.LTD.	Director	30/07/2007	30/07/2007	30/03/2014	Active	NO
5	U52190WB2011PTC165110	RADHA DEALMARK PRIVATE LIMITED	Director	19/07/2011	19/07/2011	24/07/2014	Active	NO
6	U24121WB1975PTC030089	DIN CHEMICALS & COATINGS PVT LTD	Director	30/09/2013	27/12/2012	02/09/2014	Active	NO
7	U70101WB2006PTC109020	LOTUS MANSION PVT LTD	Director	18/09/2013	27/12/2012	02/09/2014	Active	NO
8	U28999WB1991PLC051823	SOVA ISPAT LIMITED	Whole-time director	02/09/2014	02/09/2014	-	Active	NO
9	U27100WB2002PLC094339	SHYAM STEEL INDUSTRIES LIMITED	Whole-time director	02/09/2014	02/09/2014	-	Active	NO
10	U10300WB2015PTC204843	SHYAM MINING PRIVATE LIMITED	Director	24/01/2015	20/01/2015	05/08/2015	Active	NO

Name :

Komal Surana

Designation :

Director

Address :

857, Motilal Gupta Road, Flat- 2 G, PS Alankar, Sodepur Bazar, Kolkata-700008, West Bengal, India

Date of Birth/Age :

21.10.1988

Date of Appointment :

30.09.2014

DIN No. :

06983562

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	U28999WB1991PLC051823	SOVA ISPAT LIMITED	Director	30/09/2014	30/09/2014	-	Active	NO
2	U27100WB2002PLC094339	SHYAM STEEL INDUSTRIES LIMITED	Director	30/09/2014	30/09/2014	-	Active	NO
3	L27310WB1977PLC031117	PREMIER FERRO ALLOYS & SECURITIES LIMITED	Director	30/09/2015	30/03/2015	-	Active	NO

Name :

Mr. Santinath Sarkar

Designation :

Additional Director

Address :

181.2, Nagendra Nath Road,, Jugipara, South Dum Dum, North Parganas - 700028, West Bengal, India

Date of Appointment :

30.09.2015

DIN No. :

06996438

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	U28999WB1991PLC051823	SOVA ISPAT LIMITED	Director	30/09/2015	15/10/2014	-	Active	NO
2	U27100WB2002PLC094339	SHYAM STEEL INDUSTRIES LIMITED	Director	30/09/2015	15/10/2014	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Anju Moonka Agarwal
Designation :	Secretary
Address :	14, Narasingha Bose lane, 2^nd, Howrayh - 711102, West Bengal, India
Date of Birth/Age :	14.05.1983
Date of Appointment :	20.04.2013
PAN No.:	AHOPM8424F
Name :	Mr. Deepak Chowdhary
Designation :	Manager
Address :	RC-55, Bengal Ambuja City Centre, Durgapur, Burdwan - 713216, West Bengal, India
Date of Appointment :	02.09.2014
PAN No.:	ACRPC4327K
Name :	Ms. Monika Lohia
Designation :	Accounts Department

MAJOR SHAREHOLDERS

As on 30.09.2014

Names of Shareholders	No. of Shares
Shyam Sunder Beriwala	367100
Lalit Beriwala	312650
Purushottam Beriwala	283050
Govind Beriwala	248650
Ravi Beriwala	332550
Brijesh Beriwala	328050
Manish Beriwala	387850
Sriram Beriwala	227500
Maya Devi Beriwala	27500
Puspa Devi Beriwala	128300
Manju Lata Beriwala	15000
Vineeta Beriwala	15000
Anju Beriwala	15000
Bina Beriwala	281000
Jyoti Beriwala	110300
Shyam Sunder Beriwala and Others	91500
Lalit Beriwala (HUF)	234850
Ravi Beriwala (HUF)	214950
Brijesh Beriwala (HUF)	219450
Manish Beriwala (HUF)	174550
Purushottam Beriwala (HUF)	358450
Govind Beriwala (HUF)	363550
Vanlila Consultants Private Limited (HUF), India	408200
Suket Beriwala	200000
Yashashvi Securities Private Limited	630000
Trumax Ispat Private Limited	525000
Total	6500000

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2014

Category	Percentage
Bodies corporate	24.05
Directors or relatives of Directors	50.45
Other top fifty shareholders	25.50
Total	100.00

BUSINESS DETAILS

Line of Business :

The Company is engaged in the business of manufacturing of various iron & steel products including Hot Rolled Steel Products, Sponge Iron, Billets / Blooms and Melting and Misroll. In addition, the Company generates power for its captive consumption.

Products :

Product Description	Item Code No. (ITC Code)
Hot Rolled Steel Products	7214
Billet	7207
Sponge Iron	7203

Brand Names :

--

Agencies Held :

--

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Selling :

Not Divulged

Purchasing :

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
Experience :	Not Divulged
Maximum Limit Dealt :	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
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged
Remark :	Not Divulged

No. of Employees :

Not Divulged

Bankers :

Bank Name	Indian Overseas Bank
Branch	Mid Corporate Branch, 3, Chowringhee Approach, Kolkata - 700072, West Bengal, India
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
Name of Account Holder	Not Divulged
Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

• State Bank of India, Commercial Branch, Kolkata, 24, Park Street, Kolkata – 700016, West Bengal, India
• UCO Bank, Mid Corporate Branch, 10, B.T.M. Sarani, Kolkata - 700072, West Bengal, India
• City Bank, New Delhi, India

Facilities :

SECURED LOANS	31.03.2014 Rs. In Million	31.03.2013 Rs. In Million
LONG TERM BORROWINGS
Rupee term loans from banks	537.383	891.760
Foreign currency term loans from banks	141.872	0.000
Rupee term loans from others	100.000	157.143
Loans taken for vehicles	2.730	0.000
SHORT TERM BORROWINGS
Working capital loans from banks	911.520	1673.126
Loans taken for vehicles	1.010	0.000
Total	1694.515	2722.029

Auditors :
Name :	Singhi and Company Chartered Accountants
Address :	1B, Old Post office Street, Kolkata – 700001, West Bengal, India
PAN No.:	AASFS9578D
Memberships :	--
Collaborators :	--
Subsidiary Company :	· Shyamsteel Energy Private Limited CIN No.: U40105WB2010PTC154125 · Sova Ispat Limited CIN No.: U28999WB1991PLC051823 · Shyamsteel International Pte. Limited · Shyam Steel Metallics Private Limited, India CIN No.: U27100WB2007PTC115235 · Shyam International Pte. Limited, Singapore CIN No.: U27100WB2007PTC115235
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives :	Unicon Vyapaar Private Limited CIN No.: U51909WB2009PTC135163 Yashashvi Securities Private Limited CIN No.: U67120WB2006PTC112242 Vanlila Consultants Private Limited CIN No.: U74140WB2004PTC099555 Din Chemicals & Coatings Private Limited CIN No.: U24121WB1975PTC030089 Sajan Financiers and Commercials Private Limited CIN No.: U65999WB1985PTC039875 Swastika Mansion Private Limited CIN No.: U70101WB2006PTC109019 Seaside Construction Private Limited CIN No.: U70101WB2006PTC110736 Rosewood Plaza Private Limited CIN No.: U70101WB2006PTC110778 Puspa Niketan Private Limited CIN No.: U45400WB2007PTC116138 Trumax Ispat Private Limited CIN No.: U27109WB2005PTC103291
Other related parties :	Shyam Ispat Udyog

CAPITAL STRUCTURE

As on 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
8000000	Equity Shares	Rs.10/- each	Rs.80.000 Million
2000000	Preference shares	Rs.10/- each	Rs.20.000 Million
	Total		Rs.100.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
6500000	Equity Shares	Rs.10/- each	Rs. 65.000 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014	31.03.2013	31.03.2012
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	65.000	65.000	65.000
(b) Reserves & Surplus	1758.521	1655.270	1904.597
(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)	1823.521	1720.270	1969.597
(3) Non-Current Liabilities
(a) long-term borrowings	781.985	1048.903	805.771
(b) Deferred tax liabilities (Net)	34.205	34.205	137.885
(c) Other long term liabilities	359.168	307.490	49.311
(d) long-term provisions	13.291	11.991	12.281
Total Non-current Liabilities (3)	1188.649	1402.589	1005.248
(4) Current Liabilities
(a) Short term borrowings	922.934	1691.494	1785.800
(b) Trade payables	359.328	672.290	426.661
(c) Other current liabilities	486.665	397.161	485.746
(d) Short-term provisions	1.259	1.225	13.198
Total Current Liabilities (4)	1770.186	2762.170	2711.405
TOTAL	4782.356	5885.029	5686.250
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	1612.171	1602.314	1129.939
(ii) Intangible Assets	0.423	3.574	6.494
(iii) Capital work-in-progress	43.721	153.923	393.625
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	50.000	50.919	57.029
(c) Deferred tax assets (net)	0.000	0.000	5.587
(d) Long-term Loan and Advances	151.154	127.499	139.819
(e) Other Non-current assets	6.649	1.309	0.000
Total Non-Current Assets	1864.118	1939.538	1732.493
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	518.976	611.748	1028.254
(c) Trade receivables	1515.041	2452.903	2138.145
(d) Cash and cash equivalents	140.055	62.011	45.931
(e) Short-term loans and advances	553.408	638.846	618.233
(f) Other current assets	190.758	179.983	123.194
Total Current Assets	2918.238	3945.491	3953.757
TOTAL	4782.356	5885.029	5686.250

PROFIT & LOSS ACCOUNT

	PARTICULARS			31.03.2014	31.03.2013	31.03.2012
	SALES
		Income		8785.880	11395.111	10960.684
		Other Income		104.015	24.785	16.837
		TOTAL (A)		8,889.895	11419.896	10977.521
Less	EXPENSES
		Cost of Materials Consumed		7076.392	8816.283	8228.686
		Purchase of Stock-in-trade		63.805	922.616	78.854
		Changes in Inventories of finished goods, work-in-progress and stock-in-trade		28.589	114.312	47.356
		Employee Benefits Expenses		139.323	166.350	213.403
		Other Expenses		963.162	1208.693	1643.132
		TOTAL (B)		8271.271	11228.254	10211.431
	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)			618.624	191.642	766.090
Less	FINANCIAL EXPENSES (D)			397.856	430.320	394.350
	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)			220.768	(238.678)	371.740
Less	DEPRECIATION/ AMORTISATION (F)			135.373	108.746	97.650
	PROFIT/(LOSS) BEFORE TAX (E-F) (G)			85.395	(347.424)	274.090
Less	TAX (H)			(0.425)	0.005	65.581
	PROFIT/(LOSS) AFTER TAX (G-H) (I)			85.820	(347.429)	208.509
	EARNINGS IN FOREIGN CURRENCY
			Export Earnings	272.449	3974.774	29.853
	TOTAL EARNINGS			272.449	3974.774	29.853
	IMPORTS
			Raw Material	211.803	211.990	56.524
			Stores and spares	2.312	1.776	11.885
			Interest on Foreign Currency Loan	9.221	2.856	0.000
			Employee Related expenses	2.901	2.775	0.000
			Tour and travelling	0.067	0.157	1.084
			Membership and subscription	0.611	0.119	0.191
	TOTAL IMPORTS			226.915	219.673	69.684
	Earnings / (Loss) Per Share (Rs.)			13.20	53.45	32.08

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	291.508	218.532	321.178
Cash generated from operations	NA	NA	NA
Net cash flows from (used in) operation	1470.125	686.463	318.969

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT/Sales)	(%)	0.98	(3.05)	1.90
Operating Profit Margin (PBDIT/Sales)	(%)	7.04	1.68	6.99
Return on Total Assets (PBT/Total Assets}	(%)	1.82	(6.12)	5.24
Return on Investment (ROI) (PBT/Networth)		0.05	(0.20)	0.14
Debt Equity Ratio (Total Debt /Networth)		1.09	1.72	1.48
Current Ratio (Current Asset/Current Liability)		1.65	1.43	1.46

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	65.000	65.000	65.000
Reserves & Surplus	1904.597	1655.270	1758.521
Net worth	1969.597	1720.270	1823.521
long-term borrowings	805.771	1048.903	781.985
Short term borrowings	1785.800	1691.494	922.934
Current maturities of long-term debts	321.178	218.532	291.508
Total borrowings	2912.749	2958.929	1996.427
Debt/Equity ratio	1.479	1.720	1.095

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	10,960.684	11,395.111	8,785.880
		3.964	(22.898)

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	10,960.684	11,395.111	8,785.880
Profit/(Loss)	208.509	(347.429)	85.820
	1.90%	(3.05%)	0.98%

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	Yes
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	Yes
33]	Market information	--
34]	Payments terms	No
35]	Negative Reporting by Auditors in the Annual Report	No

LITIGATION DETAILS

CASE STATUS : PENDING

STATUS OF TEM APO (APOT) 215 OF 2012

ASSAM BENGAL ROADWAYS LIMITED VS. SHYAM STEEL INDUSTRIES LIMITED

PET’S ADV. : SUNITA AGARWAL

RES’S ADV. :

COURT NO. : 19 LAST LISTED ON : MONDAY, MAY 07, 2012

CATEGORY : NO CATEGORY MENTIONED

CONNECTED APPLICATION (S)	CONNECTED MATTER (S)
NO CONNECTED APPLICATION.	NO CONNECTED CASES

CASE UPDATED ON : MONDAY, APRIL30, 2012

UNSECURED LOANS:

Particulars	31.03.2014 Rs. In Million	31.03.2013 Rs. In Million
SHORT TERM BORROWINGS
Intercorporate borrowings	0.609	1.200
Loans and advances from related parties	9.795	17.168
Total	10.404	18.368

OPERATIONAL REVIEW

The Company is engaged in the business of manufacturing of various iron and steel products including Hot Rolled Steel Products, Sponge Iron, Billets / Blooms and Melting and Misroll. In addition, the Company generates power for its captive consumption. During the year, the Company’s financial performance has improved by leaps and bounds in comparison to last year.

The Company continues its journey to serve its customers in a more efficient, cost-effective, reliable and environment friendly manner, while which is gaining bolstering its market position in the industry. The Company’s products meet stringent quality parameters market share comprising of private, institutional, non-institutional and government bodies.

During the year, the earning before interest, depreciation, exceptional items and taxes (EBITDA) for the company is Rs.618.600 Million, as compared to Rs.191.600 Million in previous financial year 2012-13. Similarly, the Net Worth and EPS of the Company during the year has escalated to Rs.1823.500 Million and Rs.13.20 respectively. In order to achieve higher operational efficiency the company has disposed off the rolling mill unit located at Howrah, which has facilitated in achieving higher profit despite of a decrease in turnover.

FUTURE PLAN OF ACTION

The development work will continue to support high-performance in the rod and bar-making process. Efforts to substitute expensive consumables will also continue.

INDEX OF CHARGE:

Sr. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10420779	21/03/2015 *	350,000,000.00	INDIAN OVERSEAS BANK	MID-CORPORATE BRANCH,, 3, CHOWRINGHEE APPROACH, KOLKATA, WEST BENGAL - 700072, INDIA	C50481712
2	10340338	29/08/2012 *	165,500,000.00	STATE BANK OF HYDERABAD	COMMERCIAL BRANCH, 83, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA	B59492926
3	10331818	18/01/2012	250,000,000.00	STATE BANK OF PATIALA	8, CAMAC STREET, KOLKATA, WEST BENGAL - 700017, INDIA	B30574990
4	10322525	26/12/2011 *	200,000,000.00	L & T FINANCE LIMITED	L&T HOUSE,, BALLARD ESTATE,, MUMBAI, MAHARASHTRA  - 400001, INDIA	B28538908
5	10295263	27/06/2011	400,000,000.00	ALLAHABAD BANK	INDUSTRIAL FINANCE BRANCH, 17, R. N. MUKHERJEE RO  AD, 4TH FLOOR, KOLKATA, WEST BENGAL - 700001, INDIA	B16218257
6	10165250	11/11/2013 *	4,011,600,000.00	STATE BANK OF INDIA (LEAD BANK)	COMMERCIAL BRANCH, KOLKATA, 24, PARK STREET, KOLKATA, WEST BENGAL - 700016, INDIA	B90495763
7	10110112	29/03/2014 *	292,500,000.00	STATE BANK OF INDIA	COMMERCIAL BRANCH, KOLKATA, 24, PARK STREET, KOLKATA, WEST BENGAL - 700016, INDIA	C01190461
8	90246512	28/02/2015 *	3,661,600,000.00	STATE BANK OF INDIA	COMMERCIAL BRANCH, KOLKATA, 24, PARK STREET, KOLKATA, WEST BENGAL - 700016, INDIA	C48910079

*Date of modification Charges

FIXED ASSETS:

· Land

· Building

· Plant and Machinery

· Computer

· Vehicles

· Furniture and Fixture

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.65.74
UK Pound	1	Rs.99.53
Euro	1	Rs.73.79

INFORMATION DETAILS

Information Gathered by :	SVA
Analysis Done by :	KAR
Report Prepared by :	JYTK

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILITY	1~10	4
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	4
--RESERVES	1~10	5
--CREDIT LINES	1~10	4
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	YES
--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		42

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.