MIRA INFORM REPORT

Report No. :	344716
Report Date :	09.10.2015

IDENTIFICATION DETAILS

Name :	SHRI GIRIJA ALLOY AND POWER (INDIA) PRIVATE LIMITED (w.e.f. 10.06.2010)

Formerly Known As :	SRI GIRIJA ALLOY AND POWER (INDIA) PRIVATE LIMITED (w.e.f. 19.03.2010) SRI GIRIJA POWER PRIVATE LIMITED (w.e.f. 04.04.2007) GIRIJA FERRO ALLOYS PRIVATE LIMITED

Registered Office :	D.No.88-3-5, Trip School Road, Gadalamma Nagar, Morampudi Junction, Rajahmundry – 533103, Andhra Pradesh
Tel. No.:	91-884-2326999

Country :	India

Financials (as on) :	31.03.2014

Date of Incorporation :	21.04.2004

Com. Reg. No.:	01-043091

Capital Investment / Paid-up Capital :	Rs.1861.523 Million

CIN No.: [Company Identification No.]	U27101AP2004PTC043091

IEC No.:	2611000484

TAN No.: [Tax Deduction & Collection Account No.]	VPNS06880G

PAN No.: [Permanent Account No.]	AACCG6079N

Legal Form :	Private Limited Liability Company

Line of Business :	Manufacturer of Ferro Alloys and Generation of Power.

No. of Employees :	Information declined by the management.

RATING & COMMENTS

MIRA’s Rating :

B (32)

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 having moderate track. For the financial year ended 2014, company possesses moderate operational performance and it has incurred loss from its operational activities. Rating further constrained on account of company’s moderate financial risk profile marked by working capital intensity of the business and vulnerability of the company’s profitability to price risk given the cyclicality inherent in the steel industry. However, trade relations are reported as fair. Payments are reported to be slow but correct. In view of aforesaid, 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

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

EXTERNAL AGENCY RATING

Rating Agency Name	ICRA
Rating	CC : BB-
Rating Explanation	Inadequate-credit-quality and high credit risk.
Date	January, 2015

Rating Agency Name	ICRA
Rating	LC/BG : A4
Rating Explanation	Minimal degree of safety and very high credit risk.
Date	January, 2015

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2015.

INFORMATION DENIED BY

Name :	Mr. Raju
Designation :	Finance Head
Contact No.:	91-8297713333

Name :	Mr. Manas
Designation :	Procurement Department
Contact No.:	91-884-2326999

LOCATIONS

Registered Office :	D.No.88-3-5, Trip School Road, Gadalamma Nagar, Morampudi Junction, Rajahmundry – 533103, Andhra Pradesh, India
Tel. No.:	91-884-2326999
Mobile No.:	91-8297713333 (Mr. Raju)
Fax No.:	91-884-2326998
E-Mail :	p.satish87@gmail.com girijapower@gmail.com girijapower@gmail.comsancharnet.in rajudgp@gmail.com
Website :	http://www.srinivasaferro.com

Work Office :	Survey No. 162 and 153, A. D. B. Road, Peddapuram (East), Godavari, Kakinada - 533437, Andhra Pradesh, India
Tel. No.:	91-884-2329155
Fax No.:	91-884-2326999

DIRECTORS

AS ON 30.09.2014

Name :

Mr. Venkata Satya Surya Raghuramaraju Chintalapati

Designation :

Director

Address :

MIG -225, TPT Colony, Seetammadara, NE Layout, Visakhapatnam - 530013, Andhra Pradesh, India

Date of Birth/Age :

06.05.1963

Date of Appointment :

30.01.2007

DIN No.:

01649946

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	U27101AP1987PLC008133	SHRI GIRIJA SMELTERS LIMITED	Director	09/03/1988	09/03/1988	-	Active	NO
2	L27109AP1988PLC008340	SRINIVASA FERRO ALLOYS LIMITED	Director	09/03/1988	09/03/1988	-	Active	NO
3	U74999MH1961NPL012060	THE INDIAN FERRO ALLOY PRODUCERS ASSOCIATION	Director	19/09/2003	19/09/2003	-	Active	NO
4	U01119AP2004PTC042460	CHINTALAPATI AGRO-TECH PRIVATE LIMITED	Director	01/03/2005	01/03/2005	-	Active	NO
5	U70101WB2005PTC102513	C S R DEVELOPERS PRIVATE LIMITED	Director	29/03/2005	29/03/2005	-	Active	NO
6	U01409WB2005PTC104139	C.RADHA AGRO-TECH PRIVATE LIMITED	Director	13/07/2005	13/07/2005	-	Active	NO
7	U27101AP2004PTC043091	SHRI GIRIJA ALLOY AND POWER (I) PRIVATE LIMITED	Director	30/01/2007	30/01/2007	-	Active	NO
8	U70109WB2000PTC090993	SRI GAYATRI MINERALS PRIVATE LIMITED	Director	02/04/2007	02/04/2007	-	Active	NO
9	U14290AP2007PTC055502	SRINIVASA GAYATRI MINING AND MINERALS PRIVATE LIMITED	Director	13/09/2007	13/09/2007	-	Active	NO
10	U01403AP2008PTC060994	CSR AGRITECH PRIVATE LIMITED	Director	11/09/2008	11/09/2008	-	Active	NO
11	U55101AP2010PTC071155	DREAM MEDIRESORTS (VIZAG) PRIVATE LIMITED	Director	04/04/2011	04/04/2011	-	Active	NO

Name :

Mr. Sanyasi Raju Chintalapati

Designation :

Director

Address :

MIG -225, TPT Colony, Seetammadara, NE Layout, Visakhapatnam - 530013, Andhra Pradesh, India

Date of Birth/Age :

01.07.1933

Date of Appointment :

30.01.2007

DIN No.:

01649785

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	U27101AP1987PLC008133	SHRI GIRIJA SMELTERS LIMITED	Director	05/10/1988	05/10/1988	-	Active	NO
2	L27109AP1988PLC008340	SRINIVASA FERRO ALLOYS LIMITED	Managing director	30/09/1992	30/09/1992	-	Active	NO
3	U05004OR1994PTC003556	SRINIVAS MARINE EXPORTS INDIA PVT LIMITED	Director	23/03/1994	23/03/1994	-	Active	NO
4	U27101OR1993PTC003252	BRAHMANI FERRO ALLOYS PRIVATE LIMITED	Director	01/01/2004	01/01/2004	-	Active	NO
5	U27101OR1993PTC003275	BIRAJA FERRO ALLOYS PRIVATE LIMITED	Director	01/01/2004	01/01/2004	-	Active	NO
6	U01119OR2005PTC008114	BRAHMANI AGRO-TECH PRIVATE LIMITED	Director	13/04/2005	13/04/2005	-	Active	NO
7	U01119OR2005PTC008113	BIRIJA AGRO-TECH PRIVATE LIMITED	Director	13/04/2005	13/04/2005	-	Active	NO
8	U01119AP2005PTC046670	GIRIJA AGRO-TECH PRIVATE LIMITED	Director	28/06/2005	28/06/2005	-	Active	NO
9	U70109WB2000PTC090993	SRI GAYATRI MINERALS PRIVATE LIMITED	Managing director	01/04/2006	01/04/2006	-	Active	NO
10	U27101AP2004PTC043091	SHRI GIRIJA ALLOY AND POWER (I) PRIVATE LIMITED	Director	30/01/2007	30/01/2007	-	Active	NO
11	U14290AP2007PTC055502	SRINIVASA GAYATRI MINING AND MINERALS PRIVATE LIMITED	Director	13/09/2007	13/09/2007	-	Active	NO
12	U01403AP2008PTC060934	VAMSI AGROTECH PRIVATE LIMITED	Director	09/09/2008	09/09/2008	-	Active	NO
13	U01403AP2008PTC060994	CSR AGRITECH PRIVATE LIMITED	Director	11/09/2008	11/09/2008	-	Active	NO
14	U55101AP2010PTC071155	DREAM MEDIRESORTS (VIZAG) PRIVATE LIMITED	Director	04/04/2011	04/04/2011	-	Active	NO

Name :

Girija Chintalapati

Designation :

Director

Address :

MIG -225, TPT Colony, Seetammadara, NE Layout, Visakhapatnam - 530013, Andhra Pradesh, India

Date of Birth/Age :

01.01.1937

Date of Appointment :

30.01.2007

DIN No.:

01649813

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	L27109AP1988PLC008340	SRINIVASA FERRO ALLOYS LIMITED	Director	02/09/1991	02/09/1991	-	Active	NO
2	U27101AP1987PLC008133	SHRI GIRIJA SMELTERS LIMITED	Director	02/09/1991	02/09/1991	-	Active	NO
3	U27101AP2004PTC043091	SHRI GIRIJA ALLOY AND POWER (I) PRIVATE LIMITED	Director	30/01/2007	30/01/2007	-	Active	NO
4	U70109WB2000PTC090993	SRI GAYATRI MINERALS PRIVATE LIMITED	Director	02/04/2007	02/04/2007	-	Active	NO
5	U55101AP2010PTC071155	DREAM MEDIRESORTS (VIZAG) PRIVATE LIMITED	Director	04/04/2011	04/04/2011	-	Active	NO
6	U13209AP2012PTC080303	SHRI GIRIJA MINING PRIVATE LIMITED	Director	16/04/2012	16/04/2012	-	Active	NO

Name :

Pericherla Venkata Ramani

Designation :

Director

Address :

MIG -225, TPT Colony, Seetammadara, NE Layout, Visakhapatnam - 530013, Andhra Pradesh, India

Date of Birth/Age :

16.11.1959

Date of Appointment :

30.01.2007

DIN No.:

01649761

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	L27109AP1988PLC008340	SRINIVASA FERRO ALLOYS LIMITED	Director	12/08/1992	12/08/1992	-	Active	NO
2	U27101AP1987PLC008133	SHRI GIRIJA SMELTERS LIMITED	Director	12/08/1992	12/08/1992	-	Active	NO
3	U27101OR1993PTC003252	BRAHMANI FERRO ALLOYS PRIVATE LIMITED	Director	15/02/1993	15/02/1993	-	Active	NO
4	U05004OR1994PTC003556	SRINIVAS MARINE EXPORTS INDIA PRIVATE LIMITED	Director	23/03/1994	23/03/1994	-	Active	NO
5	U27101OR1993PTC003275	BIRAJA FERRO ALLOYS PRIVATE LIMITED	Director	01/01/2004	01/01/2004	-	Active	NO
6	U01100AP2004PTC044346	P.V. RAMANI AGROTECH PRIVATE LIMITED	Director	06/10/2004	06/10/2004	-	Active	NO
7	U01119AP2004PTC042461	PERICHERLA AGRO-TECH PRIVATE LIMITED	Director	01/03/2005	01/03/2005	-	Active	NO
8	U01119OR2005PTC008114	BRAHMANI AGRO-TECH PRIVATE LIMITED	Director	13/04/2005	13/04/2005	-	Active	NO
9	U01119OR2005PTC008113	BIRIJA AGRO-TECH PRIVATE LIMITED	Director	13/04/2005	13/04/2005	-	Active	NO
10	U01119AP2005PTC046670	GIRIJA AGRO-TECH PRIVATE LIMITED	Director	28/06/2005	28/06/2005	-	Active	NO
11	U27101AP2004PTC043091	SHRI GIRIJA ALLOY AND POWER (I) PRIVATE LIMITED	Director	30/01/2007	30/01/2007	-	Active	NO
12	U27310AP2007PTC055801	VIZAG ISPAT AND ALLOYS PRIVATE LIMITED	Director	05/10/2007	05/10/2007	-	Strike off	NO
13	U45400AP2008PTC060923	CUBE TECHNO PROJECTS PRIVATE LIMITED	Director	09/09/2008	09/09/2008	03/08/2011	Active	NO
14	U01403AP2008PTC060934	VAMSI AGROTECH PRIVATE LIMITED	Director	09/09/2008	09/09/2008	-	Active	NO
15	U55101AP2010PTC071155	DREAM MEDIRESORTS (VIZAG) PRIVATE LIMITED	Director	04/04/2011	04/04/2011	-	Active	NO

Name :

Vamsi Pericherla

Designation :

Director

Address :

MIG -225, TPT Colony, Seetammadara, NE Layout, Visakhapatnam - 530 13, Andhra Pradesh, India

Date of Birth/Age :

02.09.1981

Date of Appointment :

30.09.2011

DIN No.:

02137613

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	U27101OR1993PTC003275	BIRAJA FERRO ALLOYS PRIVATE LIMITED	Director	01/01/2004	01/01/2004	-	Active	NO
2	U27101OR1993PTC003252	BRAHMANI FERRO ALLOYS PRIVATE LIMITED	Director	29/04/2004	29/04/2004	-	Active	NO
3	U01119AP2004PTC042460	CHINTALAPATI AGRO-TECH PRIVATE LIMITED	Director	09/07/2004	09/07/2004	-	Active	NO
4	U27101AP1987PLC008133	SHRI GIRIJA SMELTERS PRIVATE LIMITED	Director	14/11/2004	14/11/2004	-	Active	NO
5	U27101AP2004PTC043091	SHRI GIRIJA ALLOY AND POWER (I) PRIVATE LIMITED	Director	30/09/2011	01/03/2011	-	Active	NO
6	U65993WB1995PTC157000	BALAJI FINVEST PRIVATE LIMITED	Director	19/06/2013	19/06/2013	-	Active	NO
7	U51909WB2010PTC151752	MAGNET TREXIM PRIVATE LIMITED	Director	23/08/2014	23/08/2014	-	Active	NO
8	U70109WB2000PTC090993	SRI GAYATRI MINERALS PRIVATE LIMITED	Director	02/07/2015	02/07/2015	-	Active	NO

Name :

Pericherla Adarsh

Designation :

Director

Address :

MIG -225, TPT Colony, Seetammadara, NE Layout, Visakhapatnam - 530013, Andhra Pradesh, India

Date of Birth/Age :

08.07.1986

Date of Appointment :

30.09.2011

DIN No.:

02089512

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	U01100AP2004PTC044346	P.V. RAMANI AGROTECH PRIVATE LIMITED	Director	06/10/2004	06/10/2004	-	Active	NO
2	U27109AP2000PTC033664	DECCAN FERRO ALLOYS PRIVATE LIMITED	Director	30/03/2007	30/03/2007	-	Active	NO
3	U26940AP2000PTC033669	SRI GIRI CEMENTS PRIVATE LIMITED	Director	01/06/2007	01/06/2007	-	Strike off	NO
4	U27109AP1989PTC010496	SHRI GISAN STEEL CASTINGS AND FORGINGS PRIVATE LIMITED	Director	01/06/2007	01/06/2007	-	Active	NO
5	U45202OR2008PTC010357	RAGHU VENTURES PRIVATE LIMITED	Director	03/10/2008	03/10/2008	-	Active	NO
6	U55101AP2010PTC071155	DREAM MEDIRESORTS (VIZAG) PRIVATE LIMITED	Director	10/11/2010	10/11/2010	-	Active	NO
7	U27101AP2004PTC043091	SHRI GIRIJA ALLOY AND POWER (I) PRIVATE LIMITED	Director	30/09/2011	01/03/2011	-	Active	NO
8	U65993WB1995PTC157000	BALAJI FINVEST PRIVATE LIMITED	Director	19/08/2013	19/08/2013	-	Active	NO
9	U51909WB2010PTC151752	MAGNET TREXIM PRIVATE LIMITED	Director	23/08/2014	23/08/2014	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Raju
Designation :	Finance Head

Name :	Mr. Manas
Designation :	Procurement Department

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2014

Names of Shareholders		No. of Shares
Pericherla Venkata Ramani		2984990
Sanyasi Raju Chintalapati		449990
Girija Chintalapati		871200
Venkata Satya Surya Raghuramaraju Chintalapati		2526206
Pericherla Adarsh		1320000
Vamsi Pericherla		8020991

AS ON 16.05.2015

Names of Allottees		No. of Shares
C Radha		100000
Srinivasa Ferro Alloys Limited, India		1785000
Raghu Ventures Private Limited, India		640000
Magnet Trexim Private Limited, India		1090000
Total		3615000

Equity Share Break up (Percentage of Total Equity)

AS ON 30.09.2014

Category	Percentage
Bodies corporate	84.23
Directors or relatives of Directors	12.03
Other top fifty shareholders	3.74
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer of Ferro Alloys and Generation of Power.

Products / Services :	Ferro Alloys Power Generation

Brand Names :	Not Available

Agencies Held :	Not Available

Exports :	Not Divulged

Imports :	Not Divulged

Terms :	Not Divulged

PRODUCTION STATUS : NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

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

Customers :

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

No. of Employees :

Information declined by the management.

Bankers :

Bank Name	Central Bank of India
Branch	Corporate Finance Branch Bank Street, Koti, Hyderabad - 500095, Telangana, India
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
Name of Account Holder	Not Divulged
Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

Facilities :

Secured Loan	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Long-term Borrowings
Rupee term loans from banks	4193.342	3243.221
Loans taken for fixed assets	0.000	0.841
Short-term borrowings
Working capital loans from banks	502.304	429.499
Total	4695.646	3673.561

Financial Institution :	PNB Investment Services Limited, 10, Rakesh Deep Building, Yusuf Sarai Commercial Complex, Gulmohar Enclave, New Delhi - 110004, India

Auditors 1 :
Name :	Vedula Lakshmi Ganapati Gayatri Prasad Chartered Accountants
Address :	D No. 9-36-18, Pithapuram Colony, East Godavari, Visakhapatnam, Andhra Pradesh, India
PAN No.:	AAIPV3089L

Auditors 2 :
Name :	Brahmayya and Company Chartered Accountants
Address :	D No 1-88-19, Plot No 135/4
PAN No.:	AADFB8032G

Memberships :	Not Available

Collaborators :	Not Available

Associates/Subsidiaries :	Not Divulged

CAPITAL STRUCTURE

AFTER 30.09.2014

Authorised Capital : Rs.2500.000 Million

Issued, Subscribed & Paid-up Capital : Rs.2336.160 Million

AS ON 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount

250,000,000	Equity Shares	Rs.10/- each	Rs.2500.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

215,321,017	Equity Shares	Rs.10/- each	Rs.2153.210 Million

AS ON 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount

20,00,00,000	Equity Shares	Rs.10/- each	Rs.2000.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

18,61,52,317	Equity Shares	Rs.10/- each	Rs.1861.523 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	1861.523	1024.358	720.000
(b) Reserves & Surplus	(86.943)	4.987	0.024
(c) Money received against share warrants	0.000	0.000	0.000

(2) Share Application money pending allotment	198.387	177.400	165.158
Total Shareholders’ Funds (1) + (2)	1972.967	1206.745	885.182

(3) Non-Current Liabilities
(a) long-term borrowings	4258.972	3266.454	1354.565
(b) Deferred tax liabilities (Net)	6.498	0.000	0.000
(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)	4265.470	3266.454	1354.565

(4) Current Liabilities
(a) Short term borrowings	502.304	429.499	0.000
(b) Trade payables	700.057	235.515	0.000
(c) Other current liabilities	748.187	114.208	3.748
(d) Short-term provisions	0.000	0.000	0.000
Total Current Liabilities (4)	1950.548	779.222	3.748

TOTAL	8188.985	5252.421	2243.495

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	4507.062	74.321	64.547
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	1627.595	4081.304	1254.644
(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	176.693	304.311	0.000
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	6311.350	4459.936	1319.191

(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	775.182	275.155	138.779
(c) Trade receivables	103.552	55.433	0.000
(d) Cash and cash equivalents	321.066	123.203	568.400
(e) Short-term loans and advances	116.239	8.844	209.397
(f) Other current assets	561.596	329.850	7.728
Total Current Assets	1877.635	792.485	924.304

TOTAL	8188.985	5252.421	2243.495

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013
	SALES
	Income	1524.600	NA
	Other Income	20.000	NA
	TOTAL	1544.600	NA

Less	EXPENSES
	TOTAL	1249.100	NA

Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	295.500	NA

Less	FINANCIAL EXPENSES	255.200	NA

	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	40.300	NA

Less/ Add	DEPRECIATION/ AMORTISATION	123.800	NA

	PROFIT/ (LOSS) BEFORE TAX	(83.500)	NA

Less	TAX	8.400	NA

	PROFIT/ (LOSS) AFTER TAX	(91.900)	4.964

	Earnings / (Loss) Per Share (Rs.)	(0.49)	NA

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	509.268	0.000	NA
Cash generated from operations	NA	NA	NA
Net cash flow from (used in) operations	NA	NA	NA

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	(6.03)	NA	NA

Operating Profit Margin (PBIDT/Sales)	(%)	19.38	NA	NA

Return on Total Assets (PBT/Total Assets}	(%)	(1.27)	NA	NA

Return on Investment (ROI) (PBT/Networth)		(0.04)	NA	NA

Debt Equity Ratio (Total Debt /Networth)		2.41	3.06	1.53

Current Ratio (Current Asset/Current Liability)		0.96	1.02	246.61

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	720.000	1024.358	1861.523
Reserves & Surplus	0.024	4.987	(86.943)
Share Application money pending allotment	165.158	177.400	198.387
Net worth	885.182	1206.745	1972.967

long-term borrowings	1354.565	3266.454	4258.972
Short term borrowings	0.000	429.499	502.304
Total borrowings	1354.565	3695.953	4761.276
Debt/Equity ratio	1.530	3.063	2.413

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check list by info agents	Available in Report (Yes/No)
1	Year of establishment	Yes
2	Constitution of the entity -Incorporation details	Yes
3	Locality of the entity	Yes
4	Premises details	No
5	Buyer visit details	---
6	Contact numbers	Yes
7	Name of the person contacted	Yes
8	Designation of contact person	Yes
9	Promoter’s background	Yes
10	Date of Birth of Proprietor / Partners / Directors	Yes
11	Pan Card No. of Proprietor / Partners	No
12	Voter Id Card No. of Proprietor / Partners	No
13	Type of business	Yes
14	Line of Business	Yes
15	Export/import details (if applicable)	No
16	No. of employees	No
17	Details of sister concerns	No
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 one year	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last two 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

NOTE

The registered office of the company has been shifted from MIG-225, North Extension, Seethammadhara, Visakhapatnam – 530013, Andhra Pradesh, India to the present address w.e.f. 02.05.2007.

UNSECURED LOAN

PARTICULARS	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Long-term Borrowings
Intercorporate borrowings	65.630	22.392

Total	65.630	22.392

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10476784	10/06/2015 *	3,018,500,000.00	CENTRAL BANK OF INDIA	CORPORATE FINANCE BRANCH, BANK STREET, KOTI, HYDERABAD, ANDHRA PRADESH - 500095, INDIA	C55901425
2	10330044	04/05/2015 *	4,750,000,000.00	PNB INVESTMENT SERVICES LIMITED	10, RAKESH DEEP BUILDING, YUSUF SARAI COMMERCIAL COMPLEX, GULMOHAR ENCLAVE, NEW DELHI - 110049, INDIA	C52894284

* Date of charge modification

FIXED ASSETS

Land
Plant Machinery
Office Equipments
Computer Equipments
Furniture fixtures
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 records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

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

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

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

Charges or investigation registered against subject: None

7] Criminal Records

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

8] Affiliation with Government :

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

9] Compensation Package :

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

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

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

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

CONTRAVENTION

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

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.66.15
UK Pound	1	Rs.99.78
Euro	1	Rs.73.33

INFORMATION DETAILS

Information Gathered by :	DPA

Analysis Done by :	KAR

Report Prepared by :	SNT

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	--
--LIQUIDITY	1~10	4
--LEVERAGE	1~10	4
--RESERVES	1~10	4
--CREDIT LINES	1~10	4
--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		32

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
--	NB	New Business	--

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.

MIRA INFORM REPORT

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