MIRA INFORM REPORT

Report No. :	340840
Report Date :	12.09.2015

IDENTIFICATION DETAILS

Name :	IMPEX METAL AND FERRO ALLOYS LIMITED (w.e.f.05.10.2007)

Formerly Known As :	IMPEX METAL AND FERRO ALLOYS PRIVATE LIMITED

Registered Office :	35, Chittaranjan Avenue, 4^th Floor, Kolkata - 700012, West Bengal
Tel. No.:	91-33-2256143 / 40168000

Country :	India

Financials (as on) :	31.03.2014

Date of Incorporation :	31.05.1991

Com. Reg. No.:	21-051901

Capital Investment / Paid-up Capital :	Rs.109.050 Million

CIN No.: [Company Identification No.]	U27101WB1991PLC051901

IEC No.:	Not Available

TAN No.: [Tax Deduction & Collection Account No.]	CALI01081D

PAN No.: [Permanent Account No.]	AAACI5472K

Legal Form :	A Closely Held Public Limited Liability Company

Line of Business :	Manufacturer, Exporter, Importer and Trader of ferro alloys, minerals and metals.

No. of Employees :	150 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (29)

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 :	Exist

Comments :	Subject is an established company incorporated in the year 1991 having a moderate track. The rating takes into consideration continuous losses incurred by the company from its two year of operation. Further, the rating also takes into consideration huge borrowings recorded by the company which further act as a threat to the liquidity position of the company. However, 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

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 31-03-2015.

INFORMATION PARTED BY

Name :	Mr. Sameer Agarwal
Designation :	Chief Financial Manager
Contact No.:	91-8420103473
Date :	11.09.2015

LOCATIONS

Registered Office :	35, Chittaranjan Avenue, 4^th Floor, Kolkata - 700012, West Bengal, India
Tel. No.:	91-33-2256143 / 40168000
Mobile No.:	91-8420103473 (Mr. Sameer Agarwal) 91-9811151469 (Mr. Brij K. Singh)
Fax No.:	91-33-22119805 / 40168189
E-Mail :	enquiry@ankitmetal.com imfa@vsnl.com secretarial@rohitferrotech.com
Website :	http://www.impexgroup.net http://www.impexmetal.in

Factory :	Kulti Branch, Budge Budge Trunk Road, PS Makeshtala, South 24 Parganas

Godown:	· 1165, Main Meerat Road, Ghajiabad – 201003 Uttar Pradesh · Area – 20,000 Sq. ft · AMBEYMAHICH, Mandi Govindgarh – 147301, Punjab · Area – 15000 Sq. ft · EE/14 B NIT, Faridabad – 121001, Haryana · Area – 18000 Sq. ft · Ring Road, No. 2, Raipur – 492001, Chhatisgarh · Area – 16000 Sq. ft

Branches :	All over India (8 Branches)

DIRECTORS

AS ON 30.09.2014

Name :

Mr. Suresh Kumar Patni

Designation :

Managing director

Address :

15, Burduan Road, Kolkata - 700027, West Bengal, India

Date of Birth/Age :

13.07.1959

Date of Appointment :

01.04.2012

PAN No.:

AESPP2029L

DIN No.:

00032674

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	U27101WB1991PLC051901	IMPEX METAL & FERRO ALLOYS LTD	Managing director	01/04/2012	31/05/1991	-	Active	NO
2	L27101WB1995PLC071996	IMPEX FERRO TECH LTD	Managing director	01/07/2013	07/06/1995	-	Active	NO
3	U29130WB1996PLC081962	VSN AGRO PRODUCTS LIMITED	Director	07/11/1996	07/11/1996	16/06/2015	Active	NO
4	U51109WB1999PLC089804	IMPEX INDUSTRIES LIMITED	Director	19/07/1999	19/07/1999	03/09/2014	Active	NO
5	L27104WB2000PLC091629	ROHIT FERRO-TECH LIMITED	Director	27/08/2007	07/04/2000	-	Active	NO
6	U51109WB1995PTC068360	INVESCO FINANCE PVT LTD	Director	04/08/2000	04/08/2000	-	Active	NO
7	U45201RJ1998PTC015280	SHUBHAM COMPLEX PRIVATE LIMITED	Director	30/09/2014	31/08/2001	-	Active	NO
8	U65993WB1996PTC078986	SUANVI TRADING & INVESTMENT COMPANY PVT LTD	Director	18/05/2002	18/05/2002	-	Active	NO
9	L27101WB2002PLC094979	ANKIT METAL & POWER LIMITED	Director	07/08/2002	07/08/2002	-	Active	NO
10	U74210WB1996PTC078292	PODDAR MECH TECH SERVICES PVT LTD	Director	04/08/2003	04/08/2003	-	Active	NO
11	U74999MH1961NPL012060	THE INDIAN FERRO ALLOY PRODUCERS ASSOCIATION	Director	26/09/2012	19/09/2003	-	Active	NO
12	U27109WB2004PLC097841	SARITA STEEL & POWER LIMITED	Director	13/02/2004	13/02/2004	-	Active	NO
13	U45209WB1995PTC068731	VASUPUJYA ENTERPRISES PVT LTD	Director	01/12/2004	01/12/2004	-	Active	NO
14	U40102WB2008PLC131190	SKP POWER VENTURES LIMITED	Director	11/12/2008	11/12/2008	03/09/2014	Active	NO
15	U51109WB1995PTC069879	MARBLE ARCH PROPERTIES PVT LTD	Director	30/09/2009	31/03/2009	30/06/2011	Active	NO
16	U51109WB1995PTC075556	VNG MERCANTILES PVT LTD	Director	30/09/2010	18/01/2010	04/03/2015	Active	NO
17	U51909WB1995PTC067945	NUCORE EXPORTS PVT LTD	Director	30/09/2010	05/05/2010	-	Active	NO
18	U51909WB1995PTC073576	ARTHODOCK VINIMAY PVT LTD	Director	25/09/2010	05/08/2010	-	Active	NO
19	U62200WB2010PLC153355	SKP AVIATION SERVICES LIMITED	Director	23/09/2010	23/09/2010	03/09/2014	Active	NO
20	U67120WB2010PTC156034	RELYBULLS STOCK BROKING PRIVATE LIMITED	Director	21/12/2010	21/12/2010	-	Active	NO
21	U67190WB2011PTC158814	RELYBULLS DERIVATIVES AND COMMODITIES PRIVATE LIMITED	Director	11/02/2011	11/02/2011	-	Active	NO
22	U70109WB2011PTC159505	SKP INFRAREALTY PRIVATE LIMITED	Director	21/02/2011	21/02/2011	28/08/2012	Active	NO
23	U27109WB1995PLC075401	PATNI METAL & FERRO ALLOYS LTD	Director	28/09/2012	03/04/2012	-	Active	NO
24	U51420WB1994PLC062864	GOLD MOHAR STEEL LTD	Director	28/09/2012	03/04/2012	03/09/2014	Active	NO
25	U51909WB1995PLC075710	DHODWALA ENTERPRISES LTD	Director	28/09/2012	03/04/2012	03/09/2014	Active	NO
26	U26942WB1991PLC053832	IMPEX CEMENTS LTD	Director	28/09/2013	11/02/2013	03/09/2014	Active	NO
27	U74900WB2014NPL202387	DAMODAR VALLEY POWER CONSUMERS' ASSOCIATION	Director	04/07/2014	04/07/2014	-	Active	NO
28	U74900WB2013NPL197827	INDIAN IRON AND STEEL SECTOR SKILL COUNCIL	Additional director	31/07/2014	31/07/2014	-	Active	NO
29	U10300WB2015PTC205020	SKP MINING PRIVATE LIMITED	Director	19/01/2015	19/01/2015	-	Active	NO
30	U51909MH2004PTC146155	Forward Exports Private Limited	Additional director	17/06/2015	17/06/2015	-	Active	NO
31	U70102WB2015PLC207240	SUBCONTINENT INFRA VENTURES LIMITED	Director	28/07/2015	28/07/2015	-	Active	NO

Name :

Mr. Rohit Patni

Designation :

Directors

Address :

15, Burduan Road, Kolkata-700027, West Bengal, India

Date of Birth/Age :

11.01.1984

Date of Appointment :

29.09.2007

PAN No.:

AIQPP6728E

DIN No.:

00034876

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	U51909WB1995PTC073417	DIVINE TRADING COMPANY PVT.LTD.	Director	30/09/2014	16/02/2005	-	Active	NO
2	U70101WB1991PTC051200	NUTECH MULTIMAX PVT LTD	Director	28/07/2005	28/07/2005	01/07/2011	Active	NO
3	U70101WB1991PTC050914	PIONEER MULTIMAX PVT LTD	Director	30/07/2005	30/07/2005	05/07/2011	Active	NO
4	U70101WB1991PTC050921	GREETAMAX ESTATES PVT LTD	Director	30/07/2005	30/07/2005	04/07/2011	Active	NO
5	U51420WB1996PTC080960	SBM STEELS PVT LTD	Director	29/09/2007	29/01/2007	05/07/2011	Active	NO
6	U27101WB1991PLC051901	IMPEX METAL & FERRO ALLOYS LTD	Director	29/09/2007	31/03/2007	-	Active	NO
7	L27104WB2000PLC091629	ROHIT FERRO-TECH LIMITED	Managing director	27/08/2012	27/08/2007	-	Active	NO
8	L27101WB2002PLC094979	ANKIT METAL & POWER LIMITED	Director	24/09/2007	27/08/2007	24/08/2012	Active	NO
9	U74999MH1961NPL012060	THE INDIAN FERRO ALLOY PRODUCERS ASSOCIATION	Director	28/09/2007	28/09/2007	26/09/2012	Active	NO
10	U45209WB1995PTC068731	VASUPUJYA ENTERPRISES PVT LTD	Director	30/09/2008	31/03/2008	07/08/2014	Active	NO
11	U40102WB2008PLC131190	SKP POWER VENTURES LIMITED	Director	11/12/2008	11/12/2008	03/09/2014	Active	NO
12	U51109WB1995PTC075556	VNG MERCANTILES PVT LTD	Director	30/09/2010	18/01/2010	-	Active	NO
13	U51909WB1995PTC067945	NUCORE EXPORTS PVT LTD	Director	30/09/2010	05/05/2010	-	Active	NO
14	U51909WB1995PTC073576	ARTHODOCK VINIMAY PVT LTD	Director	25/09/2010	05/08/2010	-	Active	NO
15	U62200WB2010PLC153355	SKP AVIATION SERVICES LIMITED	Director	23/09/2010	23/09/2010	03/09/2014	Active	NO
16	U24241WB1996PTC077687	WHITESTONE SUPPLIERS PVT LTD	Director	30/09/2011	16/12/2010	07/08/2014	Active	NO
17	U67120WB2010PTC156034	RELYBULLS STOCK BROKING PRIVATE LIMITED	Director	21/12/2010	21/12/2010	14/11/2014	Active	NO
18	U67190WB1995PTC073603	SHREYANSH LEAFIN PVT.LTD.	Director	30/09/2011	30/12/2010	07/08/2014	Active	NO
19	U27109WB2004PLC097841	SARITA STEEL & POWER LIMITED	Director	30/09/2011	02/02/2011	07/08/2014	Active	NO
20	U67190WB2011PTC158814	RELYBULLS DERIVATIVES AND COMMODITIES PRIVATE LIMITED	Director	11/02/2011	11/02/2011	14/11/2014	Active	NO
21	U70109WB2011PTC159505	SKP INFRAREALTY PRIVATE LIMITED	Director	21/02/2011	21/02/2011	28/08/2012	Active	NO
22	U51109WB1995PTC069879	MARBLE ARCH PROPERTIES PVT LTD	Additional director	14/03/2011	14/03/2011	04/07/2011	Active	NO
23	U51909WB2010PTC144714	LAXMIWAN MARKETING PRIVATE LIMITED	Director	28/09/2012	16/03/2011	07/08/2014	Active	NO
24	U52390WB2010PTC142091	VERSATILE SUPPLIERS PRIVATE LIMITED	Director	30/09/2011	18/03/2011	-	Active	NO
25	L27101WB1995PLC071996	IMPEX FERRO TECH LTD	Director	16/09/2011	28/03/2011	21/05/2012	Active	NO
26	U65993WB1996PTC078986	SUANVI TRADING & INVESTMENT COMPANY PVT LTD	Director	30/09/2011	27/06/2011	07/08/2014	Active	NO
27	U74210WB1996PTC078292	PODDAR MECH TECH SERVICES PVT LTD	Director	30/09/2011	29/06/2011	07/08/2014	Active	NO
28	U52390WB2010PTC142089	PAROPKAR MERCHANTS PRIVATE LIMITED	Director	30/09/2011	14/07/2011	07/08/2014	Active	NO
29	U51109WB1999PLC089804	IMPEX INDUSTRIES LIMITED	Director	28/09/2012	03/04/2012	-	Active	NO
30	U29130WB1996PLC081962	VSN AGRO PRODUCTS LIMITED	Additional director	16/06/2015	03/04/2012	-	Active	NO
31	U51909WB1995PLC075710	DHODWALA ENTERPRISES LTD	Director	28/09/2012	03/04/2012	03/09/2014	Active	NO
32	U51909WB2009PTC140224	GANNATH COMMERCE PRIVATE LIMITED	Director	13/07/2012	13/07/2012	-	Active	NO
33	U51101WB2010PTC141793	NORTH EAST MERCHANDISE PRIVATE LIMITED	Director	28/09/2012	20/07/2012	-	Active	NO
34	U51909WB2010PTC144736	BINAPANI TRADELINK PRIVATE LIMITED	Director	28/09/2012	28/08/2012	07/08/2014	Active	NO
35	U26942WB1991PLC053832	IMPEX CEMENTS LTD	Director	28/09/2013	11/02/2013	-	Active	NO
36	U27109WB1995PLC075401	PATNI METAL & FERRO ALLOYS LTD	Director	28/09/2013	11/02/2013	07/08/2014	Active	NO
37	U51420WB1994PLC062864	GOLD MOHAR STEEL LTD	Director	28/09/2013	11/02/2013	03/09/2014	Active	NO
38	U51909WB2009PTC139307	MAHABALA MERCHANTS PRIVATE LIMITED	Director	29/09/2013	26/02/2013	-	Active	NO
39	U45300WB1994PTC066556	ASTABHUJA PROPERTIES PRIVATE LIMITED	Director	30/09/2014	03/09/2014	-	Active	NO
40	U13203WB2015PTC205038	SKP Merchants Private Limited	Director	20/01/2015	20/01/2015	25/05/2015	Active	NO
41	U51909WB2009PTC139084	GAJKARNA MERCHANDISE PRIVATE LIMITED	Additional director	29/01/2015	29/01/2015	-	Active	NO
42	U45400WB2009PTC136060	A.B. INFRATEL PRIVATE LIMITED	Additional director	29/01/2015	29/01/2015	-	Active	NO
43	U13100WB2009PTC138004	NARMADA RIVERS RESOURCES PRIVATE LIMITED	Additional director	29/01/2015	29/01/2015	-	Active	NO

Name :

Jayanta Kumar Chatterjee

Designation :

Director

Address :

Tolly Green, 205 B, NSE Bose Road, Kolkata – 700040, West Bengal, India

Date of Birth/Age :

28.10.1942

Date of Appointment :

28.06.2014

Date of Cessation :

02.12.2014

DIN No.:

00059807

Name :

Prem Narayan Khandelwal

Designation :

Director

Address :

C-63, Sector 3, Devendra Nagar, Raipur – 492001, Chhattisgarh, India

Date of Birth/Age :

18.03.1938

Date of Appointment :

30.09.2014

PAN No.:

AEVPK0849J

DIN No.:

00438367

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	U27104CT2004PTC016354	HIRA GLOBAL ALLOYS Private Limited	Director	29/01/2004	29/01/2004	27/08/2008	Active	NO
2	L27101WB1995PLC071996	IMPEX FERRO TECH LTD	Director	17/05/2004	12/04/2004	29/06/2013	Active	NO
3	U74999MH1961NPL012060	THE INDIAN FERRO ALLOY PRODUCERS ASSOCIATION	Director	28/09/2007	28/09/2007	-	Active	NO
4	U29198CT2008PTC020559	SHREE SAI EARTHMOVERS PRIVATE LIMITED	Director	16/02/2010	16/02/2010	05/07/2013	Active	NO
5	U27109WB2004PLC097841	SARITA STEEL & POWER LIMITED	Director	30/09/2011	02/02/2011	12/08/2013	Active	NO
6	U27109AP2007PLC052498	HIRA ELECTRO SMELTERS LIMITED	Additional director	18/06/2015	26/11/2011	-	Active	NO
7	U27100CT2012PTC000594	DINKRIT POWER AND STEELS PRIVATE LIMITED	Director	06/11/2012	06/11/2012	-	Active	NO
8	L27101WB2002PLC094979	ANKIT METAL & POWER LIMITED	Director	26/09/2014	16/06/2014	-	Active	NO
9	U27101WB1991PLC051901	IMPEX METAL & FERRO ALLOYS LTD	Director	30/09/2014	28/06/2014	-	Active	NO

Name :

Ankit Rungta

Designation :

Director

Address :

Merlin Heights, 1^st Floor, 41 Hazara Road, Kolkata – 700019, West Bengal, India

Date of Birth/Age :

24.09.1984

Date of Appointment :

30.09.2014

PAN No.:

ACTPR0588H

DIN No.:

06893793

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	U27101WB1991PLC051901	IMPEX METAL & FERRO ALLOYS LTD	Director	30/09/2014	28/06/2014	-	Active	NO
2	L27104WB2000PLC091629	ROHIT FERRO-TECH LIMITED	Additional director	02/12/2014	02/12/2014	-	Active	NO

Name :

Sujata Agarwal

Designation :

Additional director

Address :

128, Hazra Road, 2nd Floor, Flat No. 25, Kolkata - 700026, West Bengal, India

Date of Appointment :

23.03.2015

DIN No.:

06833458

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	L65921WB1986PLC040980	PARAGON FINANCE LTD	Director	10/03/2014	10/03/2014	-	Active	NO
2	L27101WB1995PLC071996	IMPEX FERRO TECH LTD	Additional director	08/10/2014	08/10/2014	-	Active	NO
3	L27104WB2000PLC091629	ROHIT FERRO-TECH LIMITED	Additional director	02/12/2014	02/12/2014	-	Active	NO
4	U27101WB1991PLC051901	IMPEX METAL & FERRO ALLOYS LTD	Additional director	23/03/2015	23/03/2015	-	Active	NO
5	L27101WB2002PLC094979	ANKIT METAL & POWER LIMITED	Additional director	23/03/2015	23/03/2015	-	Active	NO

Name :

Nanda Samai

Designation :

Additional Director

Address :

38/4 Falguni Abasan, Sec Lll, Salt Lake, Kolkata, 700091, West Bengal, India

Date of Appointment :

16.01.2015

DIN No.:

02566965

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	U15491WB1976SGC030655	WEST BENGAL TEA DEVELOPMENT CORPORATION LTD	Managing director	16/02/2009	16/02/2009	08/02/2010	Active	NO
2	U01115WB1973SGC028822	WEST BENGAL SUGAR INDUSTRIES DEVELOPMENT CORPN LIMITED	Managing director	16/02/2009	16/02/2009	29/08/2011	Active	NO
3	U27101WB1991PLC051901	IMPEX METAL & FERRO ALLOYS LTD	Additional director	16/01/2015	16/01/2015	-	Active	NO
4	L27101WB1995PLC071996	IMPEX FERRO TECH LTD	Additional director	16/01/2015	16/01/2015	-	Active	NO

Name :

Vadakanchery Srinivasa Ramachandran

Designation :

Whole-time director

Address :

B 206, Oxfordview, 32/36, D H Road, Po- Barisha, Kolkata - 700008, West Bengal, India

Date of Appointment :

01.04.2015

DIN No.:

07145062

KEY EXECUTIVES

Name :	Ritesh Naita
Designation :	Secretary
Address :	202, Jessore Road, Shyam Lake Garden, Block – B, 5^th Floor, Kolkata – 700089, West Bengal, India
Date of Birth/Age :	18.07.1983
Date of Appointment :	10.02.2012
Date of cessation :	17.05.2014
PAN No.:	ACZPN7834Q

Name :	Vineeta Barmecha
Designation :	Secretary
Address :	Fort Residency, 38 S N Roy Road, Block – 1D, Flat 4C, Kolkata, West Bengal, India
Date of Birth/Age :	21.04.1987
Date of Appointment :	01.09.2014
PAN No.:	ARAPB4361N

Name :	Mr. Sameer Agarwal
Designation :	Chief Financial Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2014

Names of Shareholders	No. of Shares
Suresh Kumar Patni	97340
Premlata Patni	1020
Sarita Patni	9640
Vasupujya Enterprises Private Limited, India	13300
Poddar Mech Tech Services Private Limited, India	72500
Nucore Exports Private Limited, India	179000
Patni Ankit	61400
Arthodock Vinimay Private Limited, India	78000
Whitestone Suppliers Private Limited, India	49100
Shreyansh Leafin Private Limited, India	96000
Suanvi Trading and Investment Company Private Limited, India	156200
Invesco Finance Private Limited, India	68800
VNG Mercantiles Private Limited, India	88500

AS ON 30.09.2014

Category		Percentage
Bodies corporate		84.47
Directors or relatives of Directors		15.44
Other top 50		0.09
Total		100.00

BUSINESS DETAILS

Line of Business :

Manufacturer, Exporter, Importer and Trader of ferro alloys, minerals and metals.

Products :

ITC CODE	PRODUCT
7202	Ferro Alloys

Brand Names :

Not Divulged

Agencies Held :

Not Divulged

Exports :

Products :

Finished Goods

Countries :

USA
Italy
Taiwan
Netherlands

Imports :

Products :

Raw Material

Countries :

South Africa
Vietnam
Bhutan

Terms :

Selling :

Cash and Credit

Purchasing :

Cash and Credit

PRODUCTION STATUS : NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :	Shree Balaji Charcoal
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 :	Jindal Steel Limited
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 :

150 (Approximately)

Facilities :

SECURED LOANS	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
LONG TERM BORROWINGS
Rupee term loans from banks	598.557	748.557
Loans taken for fixed assets [Loans against Vehicles are secured by way of hypothecation of the underlying asset financed]	1.986	2.226
SHORT TERM BORROWINGS
Working capital loans from banks	2655.304	2294.443

Total	3255.847	3045.226

Auditors :
Name :	R S P M and Company Chartered Accountants
Address :	9 Lalbazar Street, Block A ,1st Floor, Merca, tile Building Kolkata - 700 001, West Bengal, India
PAN No.:	AADFP3681K

Subsidiary :	SKP Impex Pte Limited SKP Overseas PTE Limited

Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives :	SKP Power Ventures Limited [U40102WB2008PLC131190] SKP Impex Pte Limited SKP Aviation Services Limited SBM Steels Private Limited Sarita Steel and Power Limited Rohit Ferro-Tech Limited Poddar Mech Tech Services Private Limited Pioneer Multimax Private Limited Nutech Multimax Private Limited Invesco Finance Private Limited Impex Steel Limited Impex Ferro Tech Limited Hira Concast Limited Greetamax Estates Private Limited Arthodock Vinimay Private Limited Ankit Metal and Power Limited

CAPITAL STRUCTURE

AS ON 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount

1,500,000	Equity Shares	Rs.100/- each	Rs. 150.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

1,090,500	Equity Shares	Rs.100/- each	Rs. 109.050 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	109.050	109.050	86.850
(b) Reserves & Surplus	311.811	915.527	897.292
(c) Money received against share warrants	0.000	0.000	0.000

(2) Share Application money pending allotment	0.000	0.000	158.300
Total Shareholders’ Funds (1) + (2)	420.861	1024.577	1,142.442

(3) Non-Current Liabilities
(a) long-term borrowings	625.801	754.339	922.563
(b) Deferred tax liabilities (Net)	0.000	0.000	1.619
(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)	625.801	754.339	924.182

(4) Current Liabilities
(a) Short term borrowings	2655.304	2294.443	1357.435
(b) Trade payables	1354.881	1611.675	980.127
(c) Other current liabilities	653.269	343.928	264.626
(d) Short-term provisions	0.000	0.000	38.000
Total Current Liabilities (4)	4663.454	4,250.046	2640.188

TOTAL	5710.116	6028.962	4706.812

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	1585.507	1660.508	96.622
(ii) Intangible Assets	7.104	7.270	7.435
(iii) Capital work-in-progress	2.412	2.412	1459.244
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	4.935	4.935	0.609
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	66.284	66.110	20.296
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	1666.242	1741.235	1584.206

(2) Current assets
(a) Current investments	31.330	29.788	28.763
(b) Inventories	1156.601	817.651	767.181
(c) Trade receivables	1577.825	1942.379	1351.778
(d) Cash and cash equivalents	328.587	325.293	251.353
(e) Short-term loans and advances	881.026	1044.330	573.592
(f) Other current assets	68.505	128.286	149.939
Total Current Assets	4043.874	4287.727	3122.606

TOTAL	5710.116	6028.962	4706.812

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Revenue from operations	7908.503	9623.529	7820.532
	Other Income	21.634	25.062	42.399
	TOTAL	7930.137	9648.591	7862.931

Less	EXPENSES
	Cost of Materials Consumed	817.548	290.243	0.000
	Purchases of Stock-in-Trade	6208.896	8269.178	7340.311
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(192.564)	314.678	(17.627)
	Employees benefits expense	58.544	38.841	13.928
	Prior period items	0.000	0.000	0.000
	Other expenses	953.946	408.867	172.932
	TOTAL	7846.370	9321.807	7509.544

Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	83.767	326.784	353.387

Less	FINANCIAL EXPENSES	599.815	475.192	232.576

	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	(516.048)	(148.408)	120.811

Less/ Add	DEPRECIATION/ AMORTISATION	87.668	60.087	7.485

	PROFIT/ (LOSS) BEFORE TAX	(603.716)	(208.495)	113.326

Less	TAX	0.000	1.531	38.024

	PROFIT/ (LOSS) AFTER TAX	(603.716)	(210.026)	75.302

Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD	55.501	265.527	190.225

	Balance Carried to the B/S	(548.214)	55.501	265.527

	EARNINGS IN FOREIGN CURRENCY
	F.O.B. Value of Exports	2084.062	2318.081	2138.207
	TOTAL EARNINGS	2084.062	2318.081	2138.207

	IMPORTS
	Raw Materials	1747.897	1436.631	1554.059
	TOTAL IMPORTS	1747.897	1436.631	1554.059

	Earnings / (Loss) Per Share (Rs.)	(553.61)	(239.86)	129.82

Particulars

31.03.2015

Sales Turnover (Approximately)

8500.000

Expected Sales ( 2015-2016 ) : Rs.9000.000 Million

The above information has been parted by Mr. Sameer Agarwal.

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	182.410	149.429	110.738
Cash generated from operations	NA	NA	NA
Net cash flows from (used in) operations	317.294	(126.590)	(325.185)
Net cash flows from (used in) operating activities	314.483	(167.432)	(357.752)

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	(7.63)	(2.18)	0.96

Operating Profit Margin (PBIDT/Sales)	(%)	1.06	3.40	4.52

Return on Total Assets (PBT/Total Assets}	(%)	(10.59)	(3.46)	3.49

Return on Investment (ROI) (PBT/Networth)		(1.43)	(0.20)	0.10

Debt Equity Ratio (Total Debt /Networth)		8.23	3.12	2.09

Current Ratio (Current Asset/Current Liability)		0.87	1.01	1.18

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	86.850	109.050	109.050
Reserves & Surplus	897.292	915.527	311.811
Share Application money pending allotment	158.300	0.000	0.000
Net worth	1142.442	1024.577	420.861

long-term borrowings	922.563	754.339	625.801
Short term borrowings	1357.435	2294.443	2655.304
Current maturities of long term debt	110.738	149.429	182.410
Total borrowings	2390.736	3198.211	3463.515
Debt/Equity ratio	2.093	3.121	8.230

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	7820.532	9623.529	7908.503
		23.055	(17.821)

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	7820.532	9623.529	7908.503
Profit/Loss	75.302	(210.026)	(603.716)
	0.96%	(2.18%)	(7.63%)

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check list by info agents	Available in Report (Yes/No)
1	Year of establishment	Yes
2	Constitution of the entity -Incorporation details	Yes
3	Locality of the entity	Yes
4	Premises details	No
5	Buyer visit details	----
6	Contact numbers	Yes
7	Name of the person contacted	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	Yes
12	Voter Id Card No. of Proprietor / Partners	No
13	Type of business	Yes
14	Line of Business	Yes
15	Export/import details (if applicable)	Yes
16	No. of employees	Yes
17	Details of sister concerns	Yes
18	Major suppliers	Yes
19	Major customers	Yes
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 four years	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	Yes
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	Yes
33	Market information	---
34	Payments terms	Yes
35	Negative Reporting by Auditors in the Annual Report	No

LITIGATION DETAILS

CALCUTTA HIGH COURT

CASE STATUS INFORMATION SYSTEM

Case Status :	Pending
Status Of :	TEMP APO (APOT) 446 Of 2013
Litigants :	STATE OF WEST BENGAL AND ANR Vs. IMPEX METAL AND FERRO ALLOYS LTD AND ANR
Pet's Adv :	PARITOSH SINHA
Res's Adv :
Last Date of Hearing :	Monday, January 06, 2014
Next / Final Date of Hearing :	Friday, January 10, 2014
Case Updated On :	Tuesday, December 24, 2013
Category :	SALES TAX : REVENUE

Connected Application(s)

2733

2013

2734

2013

Connected Matter(s)

675

2012

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10365958	22/06/2012	576,000,000.00	STATE BANK OF BIKANER & JAIPUR	BALLYGUNGE BRANCH,, 204, RASHBEHARI AVENUE, KOLKA TA, WEST BENGAL - 700029, INDIA	B43847821
2	10361520	07/06/2012	600,000,000.00	STATE BANK OF HYDERABAD	COMMERCIAL BRANCH, TRINITY TOWER, GROUND FLOOR, 8 3, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, IND IA	B41997198
3	10356156	28/04/2012	1,081,800,000.00	STATE BANK OF INDIA	INDUSTRIAL FINANCE BRANCH, KOLKATA, 11, DR. U. N. BRAHMACHARI STREET, KOLKATA, WEST BENGAL - 700017 , INDIA	B39781869
4	10344028	29/10/2014 *	1,044,200,000.00	STATE BANK OF BIKANER & JAIPUR	20B PARK STREET, KOLKATA, WEST BENGAL - 700016, IN DIA	C34577742
5	10320240	10/10/2012 *	3,751,800,000.00	STATE BANK OF INDIA (LEAD BANK)	INDUSTRIAL FINANCE BRANCH, KOLKATA, 11, DR. U. N. BRAHMACHARI STREET, KOLKATA, WEST BENGAL - 700017 , INDIA	B59861799
6	10316753	17/10/2011	150,000,000.00	STATE BANK OF BIKANER & JAIPUR	BALLYGUNGE BRANCH,, 204, RASHBEHARI AVENUE, KOLKA TA, WEST BENGAL - 700029, INDIA	B24969487
7	10249460	09/08/2011 *	2,340,000,000.00	BANK OF BARODA	C. R. AVENUE (SOUTH) BRANCH, 33, C. R. AVENUE BRA NCH, KOLKATA, WEST BENGAL - 700012, INDIA	B19914902
8	10248746	24/09/2010	680,000,000.00	STATE BANK OF BIKANER & JAIPUR	BALLYGUNGE BRANCH,, 204, RASHBEHARI AVENUE, KOLKA TA, WEST BENGAL - 700029, INDIA	A98459290
9	10209449	30/03/2015 *	398,100,000.00	STATE BANK OF PATIALA	COMMERCIAL BRANCH,, 8, CAMAC STREET, SHANTINIKETA N BUILDING, KOLKATA, WEST BENGAL - 700017, INDIA	C54366232
10	10208780	04/03/2010	340,000,000.00	STATE BANK OF BIKANER & JAIPUR	BALLYGUNGE BRANCH,, 204, RASHBEHARI AVENUE, KOLKA TA, WEST BENGAL - 700029, INDIA	A81931503

* Date of charge modification

UNSECURED BORROWINGS

PARTICULAR	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
LONG TERM BORROWINGS
Intercorporate borrowings	3.758	3.556
Loans and Advances from related parties	21.500	0.000
Total	25.258	3.556

FINANCIAL AND OPERATIONAL REVIEW

During the year the Company has achieved Income from Operation of Rs. 7908.503 Million registering a decline of 17.82% over previous year. The net profit of the Company has gone down by 187.45 % making Net Loss of Rs. 603.716 Million in the financial year 2013-14.

FIXED ASSETS

Land
Office Premises
Goodwon
Plant and Machinery
Electrical Installation
Furniture and Fixtures
Office Equipments
Computers
Vehicles
Pollution Control Equipments

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 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.66.38
UK Pound	1	Rs.102.59
Euro	1	Rs.74.89

INFORMATION DETAILS

Information Gathered by :	KMN

Analysis Done by :	DIV

Report Prepared by :	SNT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	4
FINANCIAL CONDITION		---
--BUSINESS SCALE	1~10	3
--PROFITABILITY	1~10	2
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--MARGINS	-5~5	29
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		29

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

Unit