MIRA INFORM REPORT

Report No. :	343174
Report Date :	07.10.2015

IDENTIFICATION DETAILS

Name :	DANKUNI STEELS LIMITED
Registered Office :	21, Hemant Basu Sarani, Mezzanine Floor, Kolkata - 700001, West Bengal
Tel. No.:	91-33-40232323
Country :	India
Financials (as on) :	30.06.2014
Date of Incorporation :	13.01.1995
Com. Reg. No.:	21-067953
Capital Investment / Paid-up Capital :	Rs. 264.595 Million
CIN No.: [Company Identification No.]	U27109WB1995PLC067953
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	CALS04850G
PAN No.: [Permanent Account No.]	AABCD9406F
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Subject is engaged into manufacturing of Pig iron, Slag cement, Sinter and trading in Iron and Steel and allied products.
No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

B (31)

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

Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company incorporated in the year 1995 having a moderate track record. Management of the company has changed its financial year from (March 31^st 2013 to June 2014) ranging from April 2013 to June 2014 for 15 months As per available financial of 2014, the company has incurred heavy loss from its operational activities. The rating is further constrained by slowdown in the steel industry. Their trade relations are reported as fair. Business is active. Payments are reported to be slow but correct. The company can be considered for business dealings with some caution.

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- (Suspended)
Rating Explanation	Moderate degree of safety and moderate credit risk.
Date	11.09.2014

Rating Agency Name	CARE
Rating	Short term bank facilities = A3 (Suspended)
Rating Explanation	Moderate degree of safety and higher credit risk
Date	11.09.2014

Reason for Suspension: Absence of adequate information.

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 DECLINED

Management Non-corporative (91-33-40232323)

LOCATIONS

Registered Office :	21, Hemant Basu Sarani, Mezzanine Floor, Kolkata - 700001, West Bengal, India
Tel. No.:	91-33-40232323
Fax No.:	91-33-40232323
E-Mail :	mca@concastgroup.com contact@concastinggroup.com
Website :	www.concastispat.com

DIRECTORS

As on 28.03.2015

Name :

Mr. Sanjay Kumar Sureka

Designation :

Director

Address :

28/1, Shakespeare Sarani, Kolkata - 700017, West Bengal, India

Date of Birth/Age :

22.01.1971

Date of Appointment :

10.04.2004

Election Commission ID No.:

WB/23/146/069180

DIN No.:

00218025

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	U51909WB1978PLC031558	SUREKA EXPORT LIMITED	Director	02/11/1992	02/11/1992	-	Active	NO
2	U27101WB1941PLC010497	CONCAST ISPAT LIMITED	Managing director	01/04/2014	27/09/1999	-	Active	NO
3	U70109WB2002PTC094216	CONCAST INFRASTRUCTURE PRIVATE LIMITED	Director	16/04/2010	11/02/2002	-	Active	NO
4	U15499WB2002PLC094218	ORGANIC GREEN FOODS LIMITED	Director	12/02/2002	12/02/2002	30/04/2009	Active	NO
5	U27109WB1995PLC071063	CONCAST BENGAL INDUSTRIES LIMITED	Director	30/09/2011	12/02/2002	-	Active	NO
6	U27109WB1995PLC067953	DANKUNI STEELS LIMITED	Director	10/04/2004	10/04/2004	-	Active	NO
7	U27109WB2004PLC099978	CONCAST ENERGY LIMITED	Director	28/09/2004	28/09/2004	04/05/2009	Active	NO
8	U14108WB2005PTC104298	BANKURA DRI MINING MANUFACTURERS COMPANY PRIVATE LIMITED	Director	27/07/2005	27/07/2005	-	Active	NO
9	U36900WB2006PTC108596	CONCAST BEVERAGES PRIVATE LIMITED	Director	17/03/2006	17/03/2006	-	Active	NO
10	U27106WB1996PLC076334	CONCAST GLOBAL LIMITED	Director	30/09/2011	13/05/2006	-	Active	NO
11	U51909WB2006PLC111597	CONCAST VYAPAAR LIMITED	Director	25/10/2006	25/10/2006	-	Active	NO
12	U27310WB2007PLC118140	CONCAST SHEETS AND TUBES LIMITED	Director	28/08/2007	28/08/2007	04/05/2009	Active	NO
13	U51109WB1990PTC048957	JAI BHOLA TRADING COMPANY PRIVATE LIMITED	Director	14/01/2008	14/01/2008	27/04/2009	Active	NO
14	U51909WB1995PLC072045	CONCAST STEEL AND POWER LIMITED	Managing director	06/01/2015	03/07/2008	-	Active	NO
15	U27100WB2008PTC129844	CONCAST ENGINEERING PRIVATE LIMITED	Director	03/10/2008	03/10/2008	15/12/2012	Active	NO
16	U51101WB2009PLC132009	CONCAST EXIM LIMITED	Director	15/01/2009	15/01/2009	-	Active	NO
17	U85110WB2009PTC139889	INDO-US HEALTHCARE PRIVATE LIMITED	Director	03/12/2009	03/12/2009	15/12/2012	Active	NO
18	U40105AR2008PLC008256	SATYAM (NORTH EAST) THERMAL POWER LIMITED	Director	07/01/2010	07/01/2010	03/12/2012	Active	NO
19	U10102AR2008PLC008257	CONCAST CEMENT INDUSTRIES LIMITED	Director	07/01/2010	07/01/2010	-	Active	NO
20	U11101AR2010PLC008294	SATYAM (NORTH EAST) ENERGY LIMITED	Director	05/03/2010	05/03/2010	16/02/2012	Active	NO
21	U51101WB2010PTC151974	ROOTSTAR TRADELI NK PRIVATE LIMITED	Director	10/09/2010	10/09/2010	21/08/2014	Active	NO
22	U45400WB2010PLC153282	CONCAST INFRATECH LIMITED	Director	22/09/2010	22/09/2010	10/12/2013	Active	NO
23	U51103WB2011PTC158382	CONCAST CEMENT PRIVATE LIMITED	Director	02/02/2011	02/02/2011	05/12/2012	Active	NO
24	U26922WB2006PTC109915	SWATI UDYOG PRIVATE LIMITED	Director	21/06/2011	15/03/2011	25/01/2012	Active	NO
25	U41000WB2011PTC160977	CONCAST INDO RUSS WATER PRIVATE LIMITED	Director	21/03/2011	21/03/2011	05/12/2012	Active	NO
26	U64202WB1995PLC075980	I-WIN ADVISORY SERVICES LIMITED	Director	29/09/2011	02/05/2011	25/04/2014	Active	NO
27	U51909WB2007PTC118553	SODEPUR COMMERCIAL PRIVATE LIMITED	Director	30/09/2011	01/06/2011	15/12/2012	Active	NO
28	U45400WB2011PTC170236	CONCAST DAMOH ROAD PROJECT PRIVATE LIMITED	Additional director	18/08/2015	02/12/2011	-	Active	NO
29	U45203WB2011PTC170728	CONCAST DHANETA ROAD PROJECTS PRIVATE LIMITED	Director	15/12/2011	15/12/2011	18/04/2014	Active	NO
30	U45400WB2011PTC171170	CONCAST JAWASA ROAD PROJECTS PRIVATE LIMITED	Director	26/12/2011	26/12/2011	18/04/2014	Active	NO
31	U45400WB2011PTC171198	CONCAST AMBHA ROAD PROJECTS PRIVATE LIMITED	Director	26/12/2011	26/12/2011	25/04/2014	Active	NO
32	U45203WB2011PTC171173	CONCAST PATAN ROAD PROJECTS PRIVATE LIMITED	Director	26/12/2011	26/12/2011	10/08/2015	Active	NO
33	U45400WB2012PTC171877	LIFEWOOD PROMOTERS PRIVATE LIMITED	Director	10/01/2012	10/01/2012	21/08/2014	Active	NO
34	U45400WB2012PTC171876	HARDSOFT PROMOTERS PRIVATE LIMITED	Director	10/01/2012	10/01/2012	21/08/2014	Active	NO
35	U45400WB2012PTC172398	CONCAST PATH BAMEETHA SATNA ROAD PROJECTS PRIVATE LIMITED	Director	17/01/2012	17/01/2012	-	Active	NO
36	U45400WB2012PTC171878	STARTREE RESIDENCY PRIVATE LIMITED	Director	16/02/2012	16/02/2012	21/08/2014	Active	NO
37	U45203WB2012PTC183550	CONCAST SENDHWA ROAD PROJECTS PRIVATE LIMITED	Director	06/07/2012	06/07/2012	10/08/2015	Active	NO
38	U23101ML2012PTC008517	CARBOENERGY RESOURCES PRIVATE LIMITED	Director	22/08/2012	22/08/2012	01/10/2014	Active	NO
39	U40300WB2012PTC186479	CONCAST SOLAR POWER PRIVATE LIMITED	Director	26/09/2012	26/09/2012	28/01/2013	Active	NO
40	U45400WB2012PTC186737	CONCAST MORENA ROAD PROJECTS PRIVATE LIMITED	Director	03/10/2012	03/10/2012	19/04/2014	Active	NO
41	U45400WB2012PTC189322	CONCAST BADNAGAR ROAD PROJECTS PRIVATE LIMITED	Director	18/12/2012	18/12/2012	-	Active	NO
42	U45400WB2013PTC195801	CONCAST JABALPUR ROAD PROJECTS PRIVATE LIMITED	Director	23/07/2013	23/07/2013	10/08/2015	Active	NO
43	U74900WB2013PLC197050	CONCAST COMMOTRADE LIMITED	Director	05/09/2013	05/09/2013	18/04/2014	Active	NO
44	U45400WB2014PTC200055	CONCAST HYUNDAI HALDIA PORT PRIVATE LIMITED	Director	07/02/2014	07/02/2014	10/08/2015	Active	NO
45	AAA-5148	SANJAY COMMOTRADE LLP	Designated Partner	10/06/2011	10/06/2011	-	Active	NO

Name :

Mr. Anil Kumar Kedia

Designation :

Director

Address :

4/5, 4th Floor, Singhi Bagan Lane, Kolkata - 700006, West Bengal, India

Date of Birth:

14.04.1973

Date of Appointment :

19.03.2009

Election Commission ID No.:

WB/21/143/147300

DIN No.:

01364304

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	U27106WB1996PLC076334	CONCAST GLOBAL LIMITED	Director	13/05/2006	13/05/2006	-	Active	NO
2	U51101WB2009PLC132009	CONCAST EXIM LIMITED	Additional director	01/12/2013	15/01/2009	-	Active	NO
3	U27109WB1995PLC067953	DANKUNI STEELS LIMITED	Director	19/03/2009	19/03/2009	-	Active	NO
4	U51909WB2006PLC111597	CONCAST VYAPAAR LIMITED	Director	30/09/2011	31/03/2011	-	Active	NO
5	U51909WB1978PLC031558	SUREKA EXPORTS LIMITED	Director	04/06/2012	04/06/2012	-	Active	NO
6	U27109WB2004PLC099978	CONCAST ENERGY LIMITED	Director	29/09/2012	05/06/2012	-	Active	NO
7	U51909WB1995PLC072045	CONCAST STEEL AND POWER LIMITED	Director	30/09/2013	07/08/2013	-	Active	NO
8	U27310WB2007PLC118140	CONCAST SHEETS AND TUBES LIMITED	Director	30/09/2013	07/08/2013	-	Active	NO
9	U74900WB2013PLC197050	CONCAST COMMOTRADE LIMITED	Director	05/09/2013	05/09/2013	-	Active	NO
10	U40300WB2012PTC186479	CONCAST SOLAR POWER PRIVATE LIMITED	Additional director	01/12/2013	01/12/2013	-	Active	NO
11	U51909WB2007PTC118553	SODEPUR COMMERCIAL PRIVATE LIMITED	Additional director	01/12/2013	01/12/2013	-	Active	NO
12	U27109WB1995PLC071063	CONCAST BENGAL INDUSTRIES LIMITED	Additional director	01/12/2013	01/12/2013	-	Active	NO
13	U27101WB1941PLC010497	CONCAST ISPAT LIMITED	Additional director	22/03/2014	22/03/2014	-	Active	NO
14	U72200WB2001PLC093976	IMPEX INFOTECH LIMITED	Director	26/05/2014	26/05/2014	02/12/2014	Active	NO

Name :

Mr. Anil Kumar Jain

Designation :

Additional director

Address :

18, Pannalal Basak Lane, Liluah, Howrah - 711204, West Bengal, India

Date of Birth/Age :

04.05.1962

Date of Appointment :

25.08.2014

DIN No.:

00428426

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	U27109WB2002PLC095119	RISHABH SPONGE LIMITED	Director	09/09/2002	09/09/2002	02/12/2008	Active	NO
2	U14108WB2005PTC104298	BANKURA DRI MINING MANUFACTURERS COMPANY PRIVATE LIMITED	Director	27/07/2005	27/07/2005	10/07/2010	Active	NO
3	U45400WB2007PTC117444	SA INFRASTRUCTURE PRIVATE LIMITED	Director	24/07/2007	24/07/2007	-	Active	NO
4	U74210WB2009PTC138848	SAS FABRICATORS PRIVATE LIMITED	Director	13/10/2009	13/10/2009	-	Active	NO
5	U74999WB2009PTC138610	SHREE RISHABH CEMENT PROJECTS PRIVATE LIMITED	Additional director	26/03/2010	26/03/2010	30/09/2010	Active	NO
6	U51909WB1995PLC072045	CONCAST STEEL AND POWER LIMITED	Whole-time director	06/01/2015	29/10/2010	-	Active	NO
7	U28999WB2010PTC154383	CONCAST WHEEL AND AXLE PRIVATE LIMITED	Director	01/11/2010	01/11/2010	-	Active	NO
8	U45400WB2013PTC192711	EVERLINK HOMES PRIVATE LIMITED	Director	02/05/2013	02/05/2013	01/12/2014	Active	NO
9	U51909WB2013PTC192597	SNOWRISE VYAPAAR PRIVATE LIMITED	Director	02/05/2013	02/05/2013	04/12/2014	Active	NO
10	U45400WB2013PTC192781	GOODPOINT HOMES PRIVATE LIMITED	Director	02/05/2013	02/05/2013	01/12/2014	Active	NO
11	U27101WB1941PLC010497	CONCAST ISPAT LTD	Additional director	01/12/2013	01/12/2013	-	Active	NO
12	U27310WB2007PLC118140	CONCAST SHEETS AND TUBES LIMITED	Additional director	01/12/2013	01/12/2013	-	Active	NO
13	U27109WB2004PLC099978	CONCAST ENERGY LIMITED	Additional director	01/12/2013	01/12/2013	-	Active	NO
14	U74900WB2013PLC197050	CONCAST COMMOTRADE LIMITED	Director	30/09/2014	18/04/2014	-	Active	NO
15	U74900WB2009PTC134127	CLARITY COMMODEAL PRIVATE LIMITED	Additional director	19/06/2014	19/06/2014	-	Active	NO
16	U51909WB2010PTC152265	SOFTLINK AGENCIES PRIVATE LIMITED	Additional director	27/06/2014	27/06/2014	21/08/2014	Under Process of Striking off	NO
17	U64202WB1995PLC075980	I-WIN ADVISORY SERVICES LIMITED	Director	27/09/2014	06/08/2014	-	Active	NO
18	U51909WB2006PLC111597	CONCAST VYAPAAR LIMITED	Additional director	25/08/2014	25/08/2014	-	Active	NO
19	U27109WB1995PLC067953	DANKUNI STEELS LIMITED	Additional director	25/08/2014	25/08/2014	-	Active	NO
20	U27109WB1995PLC071063	CONCAST BENGAL INDUSTRIES LIMITED	Additional director	25/08/2014	25/08/2014	-	Active	NO
21	U51909WB1978PLC031558	SUREKA EXPORTS LIMITED	Additional director	05/09/2014	05/09/2014	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 28.03.2015

SHAREHOLDING FILE ATTACHED

Equity Share Break up (Percentage of Total Equity)

As on 28.03.2015

Category	Percentage
Bodies corporate	92.43
Directors or relatives of Directors	7.43
Other top fifty shareholders	0.14
Total	100.00

BUSINESS DETAILS

Line of Business :	Subject is engaged into manufacturing of Pig iron, Slag cement, Sinter and trading in Iron and Steel and allied products.
Products :	Pig iron Slag cement Sinter Iron Steel Allied products
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Divulged
Imports :	Not Divulged
Terms :	Not Divulged

PRODUCTION STATUS NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

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

Customers :

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

No. of Employees :

Information declined by the management

Bankers :

• Indian Overseas Bank, India Exchange Place Branch, P-35, India Exchange  Place, Kolkata- 700001, West Bengal, India

Bank Name	Canara bank
Branch	Prime Corporate Branch, Bells House, 21, Camac Street, Ground Floor, Kolkata- 700016, 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

Facilities :

(Rs. In Million)

SECURED LOAN	As on 30.06.2014	As on 31.03.2013
LONG TERM BORROWING
Term loans from banks	437.500	201.557
SHORT TERM BORROWING
Working capital loans from Bank	2839.940	2955.364
Total	3277.440	3156.921

Auditors :
Name :	M. Jain and Associates Chartered Accountants
Address :	Mercantile Building Block-E,4th Floor, 9/12 Lal Bazar Street, Kolkata- 700001, West Bengal, India
PAN N Income-tax PAN of auditor or auditor's firm :	AAGFM9405R
Memberships :	--
Collaborators :	--
Associates:	Concast Ispat Limited U27101WB1941PLC010497 Concast Bengal Industries Limited U27109WB1995PLC071063 Concast Exim Limited U51101WB2009PLC132009 Concast Steel and Power Limited U51909WB1995PLC072045 Concast Global Limited, India U27106WB1996PLC076334 Concast Infratech Limited, India U45400WB2010PLC153282 Concast Ambha Road Projects Private Limited, India U45400WB2011PTC171198 Concast Damoh Road Project Private Limited, India U45400WB2011PTC170236 Concast Dhaneta Road Projects Private Limited, India U45203WB2011PTC170728 Concast Badnagar Road Projects Private Limited, India U45400WB2012PTC189322 Concast Morena Road Projects Private Limited, India U45400WB2012PTC186737 Concast Patan Road Projects Private Limited, India U45400WB2012PTC172398 Concast Energy Limited, India U27109WB2004PLC099978 Concast Infrastructureprivate Limited, India U70109WB2002PTC094216

CAPITAL STRUCTURE

As on 28.03.2015

Authorised Capital :

No. of Shares	Type	Value	Amount
35000000	Equity Shares	Rs.10/- each	Rs. 350.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
26459500	Equity Shares	Rs.10/- each	Rs. 264.595 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	30.06.2014 (15 Months)	31.03.2013 (12 Months)	31.03.2012
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	264.595	264.595	264.595
(b) Reserves & Surplus	2647.304	2958.614	2594.192
(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)	2911.899	3223.209	2858.787
(3) Non-Current Liabilities
(a) long-term borrowings	437.500	201.557	519.720
(b) Deferred tax liabilities (Net)	375.852	227.730	211.825
(c) Other long term liabilities	128.650	128.650	128.650
(d) long-term provisions	0.994	0.799	0.992
Total Non-current Liabilities (3)	942.996	558.736	861.187
(4) Current Liabilities
(a) Short term borrowings	2839.940	2955.364	3338.284
(b) Trade payables	2804.224	859.704	508.536
(c) Other current liabilities	422.872	340.408	24.155
(d) Short-term provisions	77.650	141.000	75.108
Total Current Liabilities (4)	6144.686	4296.476	3946.083
TOTAL	9999.581	8078.421	7666.057
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	2229.281	1945.518	1333.727
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	476.523	309.263	984.643
(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	0.440	0.440	0.430
(e) Other Non-current assets	0.000	0.000	0.324
Total Non-Current Assets	2706.244	2255.221	2319.124
(2) Current assets
(a) Current investments	61.531	62.831	61.341
(b) Inventories	3825.722	2319.121	1879.344
(c) Trade receivables	2928.687	2008.590	1899.584
(d) Cash and cash equivalents	270.363	328.246	204.178
(e) Short-term loans and advances	207.034	1104.412	1302.486
(f) Other current assets
Total Current Assets	7293.337	5823.200	5346.933
TOTAL	9999.581	8078.421	7666.057

PROFIT & LOSS ACCOUNT

	PARTICULARS	30.06.2014 (15 Months)	31.03.2013 (12 Months)	31.03.2012
	SALES
	Income	13826.279	9438.345	7539.011
	Other Income	26.199	13.301	12.435
	TOTAL	13852.478	9451.646	7551.446
Less	EXPENSES
	Cost of Materials Consumed	13323.250	8279.290	5556.094
	Purchases of Stock-in-Trade	0.000	0.000	986.974
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(1119.698)	(42.944)	(246.061)
	Employees benefits expense	108.449	52.847	47.416
	Other expenses	876.764	246.315	351.218
	TOTAL	13188.765	8535.508	6695.641
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	663.713	916.138	855.805
Less	FINANCIAL EXPENSES	687.987	461.443	449.129
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	(24.274)	454.695	406.676
Less/ Add	DEPRECIATION/ AMORTISATION	138.262	92.324	76.493
	PROFIT/ (LOSS) BEFORE TAX	(162.536)	362.371	330.183
Less	TAX	148.773	(2.050)	184.229
	PROFIT/ (LOSS) AFTER TAX	(311.309)	364.421	145.954
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD	1032.638	668.217	522.263
	Balance Carried to the B/S	721.329	1032.638	668.217
	Earnings / (Loss) Per Share (Rs.)	(11.77)	13.78	5.78

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	30.06.2014 (15 Months)	31.03.2013 (12 Months)	31.03.2012
Current Maturities of Long term debt	266.442	325.000	N.A
Cash generated from operations	N.A	N.A	N.A
Net cash flows from (used in) operations	N.A	(872.998)	(690.756)

KEY RATIOS

PARTICULARS		30.06.2014 (15 Months)	31.03.2013 (12 Months)	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	(2.25)	3.86	1.94
Operating Profit Margin (PBIDT/Sales)	(%)	4.80	9.71	11.35
Return on Total Assets (PBT/Total Assets}	(%)	(1.71)	4.66	4.94
Return on Investment (ROI) (PBT/Networth)		(0.06)	0.11	0.12
Debt Equity Ratio (Total Debt /Networth)		1.22	1.08	1.35
Current Ratio (Current Asset/Current Liability)		1.19	1.36	1.35

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	264.595	264.595	264.595
Reserves & Surplus	2594.192	2958.614	2647.304
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	2858.787	3223.209	2911.899
long-term borrowings	519.72	201.557	437.5
Short term borrowings	3338.284	2955.364	2839.94
Total borrowings	3858.004	3156.921	3277.440
Debt/Equity ratio	1.350	0.979	1.126

YEAR-ON-YEAR GROWTH

Year on Year Growth	30.06.2014 (15 Months)	31.03.2013 (12 Months)	31.03.2012
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	7539.011	9438.345	13826.279
		25.193	46.491

NET PROFIT MARGIN

Net Profit Margin	30.06.2014 (15 Months)	31.03.2013 (12 Months)	31.03.2012
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	7539.011	9438.345	13826.279
Profit/Loss	145.954	364.421	(311.309)
	1.94%	3.86%	(2.25)%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check list by info agents	Available in Report (Yes/No)
1	Year of establishment	Yes
2	Constitution of the entity -Incorporation details	Yes
3	Locality of the entity	Yes
4	Premises details	No
5	Buyer visit details	--
6	Contact numbers	Yes
7	Name of the person contacted	No
8	Designation of contact person	No
9	Promoter’s background	Yes
10	Date of Birth of Proprietor / Partners / Directors	Yes
11	Pan Card No. of Proprietor / Partners	No
12	Voter Id Card No. of Proprietor / Partners	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 about three years and 3 months	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last about three years and 3 months	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

NOTE: Registered office of the company has been shifted from 8, Bentick Street, Kolkata-700001, West Bengal, India to the present address w.e.f. 31.05.2011

REPORT ON OTHER LEGAL AND REGULATORY REQUIREMENTS

Notes:

The Board of Directors approved draft scheme of amalgamation of M/s. Concast Ispat Limited, M/s. Concast Bengal Industries Limited, Dankuni Steels Limited, M/s. Concast Exim Limited, Concast Global Limited, M/s. Concast Vyapaar Limited, Sureka Exports Limited with Concast Steel and Power Limited in Board Meeting held on 25.08.2014.

Further Shareholders of the Company also approved the proposed scheme of amalgamation in Share Holder Meeting held on 15-11-2014 in presence of Chairman of the Meeting appointed by Honble High Court of Calcutta. The proposed scheme is subjected to approved by Honble High Court of Calcutta Management is expected to receive the order of the Honble High Court of Calcutta shortly.

INDEX OF CHARGES:

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10513176	24/07/2014	500,000,000.00	CANARA BANK	PRIME CORPORATE BRANCH, BELLS HOUSE, 21, CAMAC ST  REET, GROUND FLOOR, KOLKATA- 700016, WEST BENGAL,  INDIA	C15212418
2	10506218	12/06/2014	675,000,000.00	INDIAN OVERSEAS BANK	INDIA EXCHANGE PLACE BRANCH, P-35, INDIA EXCHANGE  PLACE, KOLKATA- 700001, WEST BENGAL, INDIA	C09343112
3	10425525	25/03/2013	650,000,000.00	UNITED BANK OF INDIA	CORPORATE FINANCE BRANCH, KOLKATA,, 11, HEMANTA B  ASU SARANI,KOLKATA- 700001, WEST BENGAL, INDIA	B75065284
4	10344635	30/03/2012	65,000,000.00	UCO BANK	FLAGSHIP CORPORATE BRANCH, 2, INDIA EXCHANGE PLAC  E, 1ST FLOOR, KOLKATA- 700001, WEST BENGAL, INDIA	B35913300
5	10349105	30/03/2012	500,000,000.00	UNITED BANK OF INDIA	CORPORATE FINANCE BRANCH, KOLKATA,, 11, HEMANTA B  ASU SARANI, KOLKATA- 700001, WEST BENGAL, INDIA	B37383411
6	10342285	02/03/2012	500,000,000.00	CENTRAL BANK OF INDIA	CORPORATE FINANCE BRANCH,, 33, NETAJI SUBHAS ROAD  , KOLKATA- 700001, WEST BENGAL, INDIA	B35056647
7	10239069	26/08/2010	370,000,000.00	STATE BANK OF PATIALA	8,CAMAC STREET, SHANTINIKETAN BUILDING, KOLKATA- 700017,  WEST BENGAL, INDIA	A94742624
8	10213680	12/03/2010	1,755,100,000.00	UCO BANK (LEAD BANK)	MID CORPORATE BRANCH, 2, INDIA EXCHANGE PLACE., KOLKATA - 700001, WEST BENGAL, INDIA	A83626473
9	10192247	27/11/2010 *	3,990,600,000.00	ALLAHABAD BANK	KOLKATA MAIN BRANCH, 14, INDIA EXCHANGE PLACE, KOLKATA- 700001, WEST BENGAL, INDIA	B03549656
10	10161789	04/06/2009	1,705,000,000.00	STATE BANK OF INDIA	COMMERCIAL BRANCH, 24,PARK STREET, KOLKATA- 700016, WEST  BENGAL, INDIA	A63303960

FIXED ASSETS

• Land and Site Development
• Building
• Factory shed
• Machinery
• Safety Equipment
• Weighing Bridge
• Lab Equipment
• EPBAX System
• Furniture and Fixture
• Electrical Installation
• Office Equipment
• Motor Car
• Industrial Vehicles
• Computers
• Sinter Plant Shed
• Plant and Machinery

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.65.39
UK Pound	1	Rs.99.05
Euro	1	Rs.73.19

INFORMATION DETAILS

Information Gathered by :	KAM
Analysis Done by :	DIV
Report Prepared by :	RKI

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILITY	1~10	2
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	4
--CREDIT LINES	1~10	3
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		31

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.