MIRA INFORM REPORT

Report No. :	339546
Report Date :	05.09.2015

IDENTIFICATION DETAILS

Name :	SANGHI INDUSTRIES LIMITED
Registered Office :	Sanghi Nagar P.O., Hayatnagar Mandal, Rangareddy – 501511, Telangana
Tel. No.:	91-79-26838000
Country :	India
Financials (as on) :	30.06.2015
Date of Incorporation :	14.06.1985
Com. Reg. No.:	005581
Capital Investment / Paid-up Capital :	Rs.2626.400 Million
CIN No.: [Company Identification No.]	L18209TG1985PLC005581
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	Not Available
Legal Form :	A Public Limited Liability Company. The Company’s Shares are Listed on the Stock Exchanges
Line of Business :	Subject is engaged in the business of manufacturing and marketing of Cement and Cement Products in Domestic and Export Market.
No. of Employees :	Information declined by the management.

RATING & COMMENTS

MIRA’s Rating :

Ba (53)

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

Maximum Credit Limit :	USD 27000000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is an established company incorporated in the year 1985 having a good track record. Available financial indicates company sound financial risk profile marked by healthy netwotrh position with low borrowings and good profitability of the company. Trade relations are reported as fair. Business is active. Payment terms are reported to be regular and as per commitment. The company can be considered normal for business dealings at usual trade terms and conditions.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – March 31, 2015

Country Name	Previous Rating (31.12.2014)	Current Rating (31.03.2015)
India	A1	A1

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

EXTERNAL AGENCY RATING

Rating Agency Name	Not Available
Rating	Not Available
Rating Explanation	Not Available
Date	Not Available

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 31-03-2013.

INFORMATION DENIED BY

Name :	Mr. Anil Kumar
Designation :	Secretary and Finance Controller
Contact No.:	91-79-26838000
Date :	04.09.2015

LOCATIONS

Registered Office :	Sanghi Nagar P.O., Hayatnagar Mandal, Rangareddy – 501511, Telangana, India
Tel. No. :	91-8415-242240
Fax No. :	91-8415-242239
E-Mail :	companysecretary@sanghicement.com
Website :	www.sanghicement.com
Corporate/ Export Office :	10^th Floor, Kataria Arcade, Off. S-G Highway, Post: Makaraba, Ahmedabad – 380051, Gujarat, India
Tel. No. :	91-79-26838000
Fax No. :	91-79-26838111
E-Mail :	sanghicmo@sanghicement.com exports@sanghicement.com
Factory 1 (Cement Works) :	Village Motiber, Taluka Abdasa, Sanghipuram, Kutch District - 370511, Gujarat, India
Tel. No. :	91-2831-274131/32/33
Fax No. :	91-2831-274115/23
Factory 2 :	At. Navlakhi, Taluka : Maliya, Rajkot - 363660, Gujarat, India
Factory 3 :	PNP Port, Dharamtar, PO. Shahabaj, Raigad, Maharashtra, India
Mumbai Office :	110, B Wing, Krishna Commercial Centre, 6, Udyog Nagar, Near Kamath Club, S.V.Road, Goregaon (West), Mumbai – 400062, Maharashtra, India
Tel. No. :	91-22-28713120
Fax No. :	91-22-28713126
Marketing Offices :	Located at · Ahmedabad · Baroda · Gandhidham · Rajkot · Surat · Mumbai · Jodhpur

DIRECTORS

As on 30.06.2015

Name :	Mr. Ravi Sanghi
Designation :	Chairman and Managing Director
Name :	Mr. Aditya Sanghi
Designation :	Executive Director
Name :	Mr. Alok Sanghi
Designation :	Executive Director
Name :	Bina Engineer
Designation :	Executive Director
Name :	N. B. Gohil
Designation :	Executive Director
Name :	C.S.V. Rao
Designation :	Nominee Director – IDBI
Name :	D. K. Kambale
Designation :	Director
Name :	Mr. Sadashiv Sawrikar
Designation :	Director
Name :	D.B.N.Rao
Designation :	Director
Name :	R.K.Pandey
Designation :	Director
Name :	T.M.Jagan Mohan
Designation :	Director
Name :	Naresh Jethanand Gwalani
Designation :	Director
Name :	Girish Kumar Sanghi
Designation :	Director

KEY EXECUTIVES

Name :	Mr. Anil Kumar
Designation :	Secretary and Finance Controller
Name :	Bina Engineer
Designation :	Chief Financial Officer

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.06.2015

Category of Shareholder	Total No. of Shares	Total Shareholding as a % of Total No. of Shares
(A) Shareholding of Promoter and Promoter Group
(1) Indian
Individuals / Hindu Undivided Family	82585750	37.54
Bodies Corporate	82360032	37.44
Sub Total	164945782	74.98
(2) Foreign
Total shareholding of Promoter and Promoter Group (A)	164945782	74.98
(B) Public Shareholding
(1) Institutions
Mutual Funds / UTI	12242093	5.57
Financial Institutions / Banks	3275	0.00
Foreign Institutional Investors	1010014	0.46
Sub Total	13255382	6.03
(2) Non-Institutions
Bodies Corporate	28977744	13.17
Individuals
Individual shareholders holding nominal share capital up to Rs. 0.100 Million	5991596	2.72
Individual shareholders holding nominal share capital in excess of Rs. 0.100 Million	5858779	2.66
Any Others (Specify)	949717	0.43
Non Resident Indians	865985	0.39
Clearing Members	83732	0.04
Sub Total	41777836	18.99
Total Public shareholding (B)	55033218	25.02
Total (A)+(B)	219979000	100.00
(C) Shares held by Custodians and against which Depository Receipts have been issued
(1) Promoter and Promoter Group	0	0.00
(2) Public	0	0.00
Sub Total	0	0.00
Total (A)+(B)+(C)	219979000	100.00

BUSINESS DETAILS

Line of Business :	Subject is engaged in the business of manufacturing and marketing of Cement and Cement Products in Domestic and Export Market.
Products :	Cement and Cement Products
Brand Names :	Not Divulged
Agencies Held :	Not Divulged
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	Kotak Mahindra Bank Limited
Branch	Not Divulged
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 LOANS	30.06.2015 (Rs. In Million)	30.06.2014 (Rs. In Million)
LONG TERM BORROWINGS
Term loans
From Banks	NA	1355.100
From Other Parties	NA	3514.600
SHORT TERM BORROWINGS
Loans repayable on demand Working Capital loans from banks (Secured against hypothecation of current assets of the Company, 2nd charge on some of the fixed assets of the Company and guarnteed by some of the directors of the Company and pledge of shares of promoters. Rate of Interest is 3.75% over base rate.)	NA	474.900
Total	NA	5344.600

Financial Institutions :	SREI Equipment Finance Limited Reliance Capital Limited
Auditors :
Name :	Ankit and Company Chartered Accountants
Address :	Hyderabad, Andhra Pradesh, India
Name :	Haribhakti and Company LLP Chartered Accountants
Address :	Ahmedabad, Gujarat, India
Memberships :	----
Collaborators :	--
Associates/Subsidiaries :	--

CAPITAL STRUCTURE

As on 30.06.2015

Authorised Capital : Not Available

Issued, Subscribed and Paid-up Capital : Rs. 2626.400 Million

As on 30.06.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
275,000,000	Equity Shares	Rs.10/- each	Rs. 2750.000 Million
27,500,000	Preference shares	Rs.100/- each	Rs. 2750.000 Million
	Total		Rs. 5500.000 Million

Issued Capital :

No. of Shares	Type	Value	Amount
219,979,000	Equity Shares	Rs.10/- each	Rs. 2199.800 Million
8,484,230	Redeemable preference shares	Rs.100/- each	Rs. 848.400 Million
	Total		Rs. 3048.200 Million

Subscribed and Paid-up Capital :

No. of Shares	Type	Value	Amount
219,979,000	Equity Shares	Rs.10/- each	Rs. 2199.800 Million
8,484,230	Redeemable preference shares	Rs. 81.96/- each	Rs. 695.400 Million
	Total		Rs. 2895.200 Million

a. Terms/Rights attached to equity shares

The Company has only one class of equity shares having a par value of `10 per share. Each holder of equity shares is entitled to one vote per share. The Company declares and pays dividends in Indian Rupees. The Dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuring Annual General Meeting.

In the event of liquidation of the Company, the holders of equity shares will be entitled to receive remaining assets of the Company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.

b. Terms of redemption of Redeemable Preference Shares

Preference Shares are redeemable in stepped up quarterly instalments from June 2011 to June 2018.

c. Reconciliation of shares outstanding at the beginning and at the end of the year

Particulars	Equity Shares
	Number	Rs. in Millions
Shares outstanding at the beginning of the year	219,979,000	2199.800
Shares Issued during the year	--	--
Shares repaid during the year	--	--
Shares outstanding at the end of the year	219,979,000	2199.800

d. Details of shareholders holding more than 5 % of the share capital

Particulars	As at 30.06.2014
	No. of Shares held	% of Holding
Equity shares
Samruddhi Investors Services Private Limited	43,914,532	20%
Preference shares
IDBI Bank Limited	2,700,000	32%
Sangam Investors Services Private Limited	5,408,140	64%

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	30.06.2015	30.06.2014	30.06.2013
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	2626.400	2895.200	2962.100
(b) Reserves & Surplus	6908.800	6695.400	6199.600
(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)	9535.200	9590.600	9161.700
(3) Non-Current Liabilities
(a) long-term borrowings	2822.900	4869.700	6368.800
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	218.900	0.000	0.000
(d) long-term provisions	379.600	1119.300	1291.800
Total Non-current Liabilities (3)	3421.400	5989.000	7660.600
(4) Current Liabilities
(a) Short term borrowings	527.500	474.900	382.800
(b) Trade payables	1654.400	763.700	463.600
(c) Other current liabilities	2456.700	746.700	1142.100
(d) Short-term provisions	5.000	2.700	1.900
Total Current Liabilities (4)	4643.600	1988.000	1990.400
TOTAL	17600.200	17567.600	18812.700
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	12380.400	12655.600	13814.800
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	563.400	593.000	545.700
(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)	585.200	539.700	539.700
(d) Long-term Loan and Advances	0.000	243.600	232.500
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	13529.000	14031.900	15132.700
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	1671.300	1477.900	2112.400
(c) Trade receivables	145.400	125.100	250.500
(d) Cash and cash equivalents	55.300	339.500	34.600
(e) Short-term loans and advances	2199.200	1593.200	1282.500
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	4071.200	3535.700	3680.000
TOTAL	17600.200	17567.600	18812.700

PROFIT & LOSS ACCOUNT

	PARTICULARS		30.06.2015	30.06.2014	30.06.2013
	SALES
		Income	9322.500	10482.600	9901.000
		Other Income	71.000	82.500	119.600
		TOTAL	9393.500	10565.100	10020.600
Less	EXPENSES
		Raw Material Consumed	541.000	477.100	523.700
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(163.100)	484.800	(332.300)
		Employee benefits expense	464.600	450.700	422.800
		Power and fuel	2465.600	2608.800	2591.400
		Freight forwarding and other selling expenses	3274.900	3215.400	3376.400
		Stores and consumables	511.800	0.000	0.000
		Other expenses	653.800	1274.600	1308.500
		TOTAL	7748.600	8511.400	7890.500
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		1644.900	2053.700	2130.100
Less	FINANCIAL EXPENSES		274.700	140.500	149.000
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		1370.200	1913.200	1981.100
Less/ Add	DEPRECIATION/ AMORTISATION		1064.300	1477.500	1453.500
	PROFIT/ (LOSS) BEFORE TAX		305.900	435.700	527.600
Less	TAX		0.000	(60.100)	68.800
	PROFIT/ (LOSS) AFTER TAX		305.900	495.800	458.800
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		6044.200	5615.300	5209.700
Less	APPROPRIATIONS
		Capital Redemption Reserve	NA	66.900	53.200
	BALANCE CARRIED TO THE B/S		NA	6044.200	5615.300
	EARNINGS IN FOREIGN CURRENCY
		FOB Value of Export	NA	1822.300	156.400
	TOTAL EARNINGS		NA	1822.300	156.400
	IMPORTS
		Raw material, Stores, Spares and Capital Goods	NA	178.100	258.400
	TOTAL IMPORTS		NA	178.100	258.400
	Earnings / (Loss) Per Share (Rs.)		1.39	2.25	2.09

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	30.06.2015	30.06.2014	30.06.2013
Current Maturities of Long term debt	NA	NA	NA
Cash from operating activities	NA	2116.700	1462.200
Net Cash from operating activities	NA	2104.600	1454.100

KEY RATIOS

PARTICULARS		30.06.2015	30.06.2014	30.06.2013
Net Profit Margin (PAT / Sales)	(%)	3.28	4.73	4.63
Operating Profit Margin (PBIDT/Sales)	(%)	17.64	19.59	21.51
Return on Total Assets (PBT/Total Assets}	(%)	1.86	2.65	2.98
Return on Investment (ROI) (PBT/Networth)		0.03	0.05	0.06
Debt Equity Ratio (Total Debt /Networth)		0.35	0.56	0.74
Current Ratio (Current Asset/Current Liability)		0.88	1.78	1.85

STOCK PRICES

Face Value	Rs.10.00/-
Market Value	Rs.47.65/-

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	30.06.2013	30.06.2014	30.06.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	2962.100	2895.200	2626.400
Reserves & Surplus	6199.600	6695.400	6908.800
Share Application money pending allotment	0.000	0.000	0.000
Net worth	9161.700	9590.600	9535.200
long-term borrowings	6368.800	4869.700	2822.900
Short term borrowings	382.800	474.900	527.500
Current Maturities of Long Term Debt	0.000	0.000	0.000
Total borrowings	6751.600	5344.600	3350.400
Debt/Equity ratio	0.737	0.557	0.351

YEAR-ON-YEAR GROWTH

Year on Year Growth	30.06.2013	30.06.2014	30.06.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	9901.000	10482.600	9322.500
		5.874	(11.067)

NET PROFIT MARGIN

Net Profit Margin	30.06.2013	30.06.2014	30.06.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	9901.000	10482.600	9322.500
Profit	458.800	495.800	305.900
	4.63%	4.73%	3.28%

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 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	No
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

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10570751	15/04/2015	240,000,000.00	SREI EQUIPMENT FINANCE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BE  NGAL - 700046, INDIA	C54305040
2	10565950	29/01/2015	26,050,000.00	RELIANCE CAPITAL LTD	"H" BLOCK 1ST FLOOR, DHIRUBHAI AMBANI KNOWLEDGE C  ITY, KOPARKHAIRNE, NAVI MUMBAI, MAHARASHTRA - 4007  10, INDIA	C51923498
3	10543003	23/12/2014	600,000,000.00	KOTAK MAHINDRA BANK LIMITED	27BKC, C 27, G BLOCK, BANDRA KURLA COMPLEX, BANDR  A (E),, MUMBAI, MAHARASHTRA - 400051, INDIA	C40421653
4	10516543	22/07/2014	49,538,836.00	SREI EQUIPMENT FINANCE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BE  NGAL - 700046, INDIA	C17969163
5	10432707	23/12/2014 *	1,153,908,095.00	KOTAK MAHINDRA BANK LIMITED	27BKC, C 27, G BLOCK, BANDRA KURLA COMPLEX, BANDR  A (E),, MUMBAI, MAHARASHTRA - 400051, INDIA	C41136177
6	10431204	26/04/2013	100,000,000.00	KOTAK MAHINDRA BANK LIMITED	36-38A, NARIMAN BHAVAN, 227,D,, NARIMAN POINT,, M  UMBAI, MAHARASHTRA - 400021, INDIA	B77126043
7	10416909	18/03/2013	8,687,927.00	SREI EQUIPMENT FINANCE PRIVATE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BE  NGAL - 700046, INDIA	B72321607
8	10410984	13/02/2013	29,892,000.00	SREI EQUIPMENT FINANCE PRIVATE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BE  NGAL - 700046, INDIA	B70494513
9	10378296	10/09/2012	290,000,000.00	SREI EQUIPMENT FINANCE PRIVATE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BE  NGAL - 700046, INDIA	B58836339
10	10381566	22/08/2012	11,431,019.00	SREI EQUIPMENT FINANCE PRIVATE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BE  NGAL - 700046, INDIA	B60089992

* Date of charge modification

CONTINGENT LIABILITIES:

The claims against the company not acknowledged as debt amount to Rs. 1427.600 Million (Previous year Rs. 1529.400 Million) and interest and penalty thereon as may be decided at the time of disposal of the claim. Against above, the Company has deposited a sum of Rs. 462.600 Million (Previous Year Rs. 513.300 Million) with respective authorities as deposit.

PARTICULARS	30.06.2015 (Rs. In Million)	30.06.2014 (Rs. In Million)
Excise and Service Tax	NA	807.800
Customs	NA	124.100
Sales Tax	NA	17.600
Debt Recovery Tribunal	NA	112.100
State Government	NA	342.600
Commercial	NA	23.400
Total	NA	1427.600

Estimated amount of contracts remaining to be executed on capital account and not provided for is Rs.537.700 Million. Net of advances (Previous year NIL)

FIXED ASSETS

Owned Assets

· Freehold land

· Building

· Plant and Machinery

· Electrical Installations

· Furniture and Fixtures

· Office Equipment

· Vehicles

· Laboratory Equipment

· Computers

Assets Given on lease

· Land

· Building

· Plant and Machinery

· Electrical Installations

· Furniture and Fixtures

· Office Equipment

· Vehicles

· Fire Fighting Equipments

· Laboratory Equipment

· Temple

· Computers

WEBSITE DETAILS

PRESS RELEASE / NEWS

SANGHI IND TO INVEST UP TO RS 15000.000 MILLION FOR CAPACITY EXPANSION

New Delhi 

July 13, 2015

Cement manufacturer Sanghi Industries Limited today said it plans to invest up to Rs 15000.000 Million in the next 2-3 years to double its production capacity to 8.2 million metric tonnes per annum (MMTPA). 

"The company is planning to invest approximately Rs 1,200 to Rs 15000.000 Million over next two to three years to expand its capacity from 4.1 MMTPA to 8.2 MMTPA," Sanghi Industries said in a BSE filing. 

Last week, Gujarat Chief Minister Anandiben Patel inaugurated Sanghi Industries Limited’s new grinding unit at its existing plant in Abdasa tehsil of Kutch district. 

The new unit of 1.2 million tonnes per annum (MTPA) capacity will increase the company's cement production capacity to 4.1 MTPA from 2.9 MTPA at present. 

The company invested around Rs 1250.000 Million in this new facility. 

Patel also laid foundation stone for a 15 Mega Watt (MW) Waste Heat Recovery System (WHRS) that will recycle waste heat generated in the cement plant and convert it into power. 

Shares of Sanghi Industries were trading at Rs 61.75 apiece in the afternoon trade, up 4.84 per cent from their previous close on the BSE.

CMT REPORT (Corruption, Money Laundering & Terrorism]

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

1] INFORMATION ON DESIGNATED PARTY

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

2] Court Declaration :

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

3] Asset Declaration :

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

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

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

Charges or investigation registered against subject: None

7] Criminal Records

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

8] Affiliation with Government :

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

9] Compensation Package :

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

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

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

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

CONTRAVENTION

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

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.66.40
UK Pound	1	Rs.101.19
Euro	1	Rs.73.89

INFORMATION DETAILS

Information Gathered by :	PPT
Analysis Done by :	DIV
Report Prepared by :	SNT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILITY	1~10	6
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	5
--RESERVES	1~10	7
--CREDIT LINES	1~10	5
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		53

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.