MIRA INFORM REPORT

Report No. :	341053
Report Date :	12.09.2015

IDENTIFICATION DETAILS

Name :	MONNET ISPAT AND ENERGY LIMITED (w.e.f 12.01.2006)
Formerly Known As :	MONNET ISPAT LIMITED
Registered Office :	Monnet Marg, Mandir Hasaud, Raipur – 492101, Chhattisgarh
Tel no. :	91-771-2471334
Country :	India
Financials (as on) :	31.03.2015
Date of Incorporation :	01.02.1990
Com. Reg. No.:	53-009826
Capital Investment / Paid-up Capital :	Rs. 2408.400 Million
CIN No.: [Company Identification No.]	L02710CT1990PLC009826
IEC No.:	0593043189
TAN No.: [Tax Deduction & Collection Account No.]	BPLM04510C
PAN No.: [Permanent Account No.]	AAACM0501D
Legal Form :	A Public Limited Liability company. The company’s Shares are Listed on the Stock Exchanges.
Line of Business :	Manufacturers of Sponge Iron, Steel and Ferro Alloys.
No. of Employees :	500 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ca (16)

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate
Payment Behaviour :	Slow and delayed
Litigation :	Exist
Comments :	Subject was incorporated in the year 1990 and it is a manufacturers of sponge iron, steel and Ferro alloys. Subject is an established company having moderate track record. For the financial year ended 2015, company possesses moderate operational performance and reported loss from its operations. Rating further constrained on account of company’s moderate financial risk profile and delay in debt servicing by the company. Business is active. Payments are reported to be slow. In view of aforesaid, the company can be considered for business dealings on safe and secured 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	CARE
Rating	Long-term Bank Facilities = D
Rating Explanation	Lowest-credit –quality and very low prospects of recovery.
Date	09.07.2015

Rating Agency Name	CARE
Rating	Short-term Bank Facilities = D
Rating Explanation	Instruments with this rating are in default or expected to be in default on maturity.
Date	09.07.2015

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 31-03-2013.

INFORMATION DENIED BY

Name :	Mr. Sanjay
Designation :	Chief Financial Officer
Contact No.:	91-11-29218545
Date:	17.08.2015

LOCATIONS

Registered Office / Factory 1:	Monnet Marg, Mandir Hasaud, Raipur – 492101, Chhattisgarh, India
Tel. No.:	91-771-2471334-339
Fax No.:	91-771-2471250
E-Mail :	monnet@monnetgroup.com monnetraipur@monnetgroup.com isc_miel@monnetgroup.com
Website :	http://www.monnetgroup.com
Corporate Office :	Monnet House, 11, Masjid Moth, Greater Kailash Part-ll, New Delhi-110048, Delhi, India
Tel. No.:	91-11-29218542-46
Fax No.:	91-11-29218541
E-mail :	monnet@monnetgroup.com isc_miel@monnetgroup.com
Factory 2 :	Village - Naharpali, Tehsil - Kharsia, District Raigarh - 496661, Chhattisgarh, India
Tel No. :	91–7762-275451/ 52
Fax No. :	91–7762-275455
E-Mail :	mielrgh@monnetgroup.com
Factory 3 :	Monnet Power Company Limited Village – Malibrahmani, P. O. – Nisha – 759130 Via – Kosala, District. -Angul, Orissa, India
Tel No. :	91-6764-224001 / 224002
Fax No. :	91-6764-224003
E-Mail :	angul@monnetgroup.com

DIRECTORS

As on: 31.03.2014

Name :	Mr. Sandeep Kumar Jajodia
Designation :	Chairman and Managing Director
Name :	Mr. Chandra Prasad Baid
Designation :	Dy. Managing Director
Name :	Mr. Amit Dixit
Designation :	Non-Executive Independent Director
Name :	Mr. G.C. Mrig
Designation :	Independent Non Executive
Name :	Mr. Vikram Deswal
Designation :	Independent Non Executive
Name :	Mr. J. P. Lath
Designation :	Other Non-Executive director
Name :	Ajay Relan
Designation :	Independent Non Executive
Name :	Mr. Amulya charan
Designation :	Chairman

KEY EXECUTIVES

Name :	Mr. M.P. Kharbanda
Designation :	Company Secretary
Board Committees
Audit Committee	Mr. Amulya Charan, Chairman Mr. Amit Dixit, Member Mr. J.P. Lath, Member Mr. M.P Kharbanda, Secretary
Nominations and Remuneration Committee	Amulya Charan Vikram Deswal J.P. Lath
Finance Committee	Mr. Sandeep Jajodia Mr. C.P. Baid Mr. J.P. Lath
Executive Committee	Mr. Sandeep Jajodia Mr. C.P. Baid Mr. J.P. Lath
Share Transfer Committee	Mr. J.R Lath Mr. C.P. Baid Mr. M.P Kharbanda
Name :	Mr. Devi Mathur
Designation :	Senior Vice President of Finance of Account
Name :	Mr. Jitendra Pandey
Designation :	Senior Account Manager
Name :	Mr. Kamal Tanna
Designation :	Deputy General Manager

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	254448	0.39
Bodies Corporate	25682225	39.02
Any Others (Specify)	6046168	9.19
Others	6046168	9.19
Sub Total	31982841	48.59
(2) Foreign
Total shareholding of Promoter and Promoter Group (A)	31982841	48.59
(B) Public Shareholding
(1) Institutions
Mutual Funds / UTI	35772	0.05
Financial Institutions / Banks	31860	0.05
Foreign Institutional Investors	14120537	21.45
Sub Total	14188169	21.55
(2) Non-Institutions
Bodies Corporate	8432546	12.81
Individuals
Individual shareholders holding nominal share capital up to Rs. 0.100 Million	8088995	12.29
Individual shareholders holding nominal share capital in excess of 0.100 Million	2157056	3.28
Any Others (Specify)	976074	1.48
Hindu Undivided Families	637086	0.97
Non Resident Indians	336692	0.51
Others	2296	0.00
Sub Total	19654671	29.86
Total Public shareholding (B)	33842840	51.41
Total (A)+(B)	65825681	100.00
(C) Shares held by Custodians and against which Depository Receipts have been issued	0	0.00
(1) Promoter and Promoter Group	0	0.00
(2) Public	0	0.00
Sub Total	0	0.00
Total (A)+(B)+(C)	65825681	100.00

BUSINESS DETAILS

Line of Business :

Manufacturers of Sponge Iron, Steel and Ferro Alloys.

Products :

Item Code No. (ITC Code)	Product Description
72.07	Mild Steel
72.03	Sponge Iron
72.02	Sponge Iron
NA	Power

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
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

Customers :

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

No. of Employees :

500 (Approximately)

Bankers :

• Punjab National Bank
• State Bank of Bikaner and Jaipur
• State Bank of India
• State Bank of Patiala
• IDBI Bank Limited

Facilities :

(Rs. In Million)

Secured Loan	As on 31.03.2015	As on 31.03.2014
Long term Borrowing
Non-Convertible Redeemable Debenture of par	NA	9203.611
Foreign currency loans	NA	16034.626
Rupee loans	NA	28534.331
	NA	53772.568
Short term Borrowing
Working capital from banks	NA	6476.871
From Banks	NA	0.000
Total	NA	60249.439

Auditors :
Name :	O.P. Bagla and Company Chartered Accountants
Address :	New Delhi, India
Memberships :	Not Available
Collaborators :	Not Available
Enterprise where KMP has significant influence (As on 31.03.2014) :	A.P. Coal Washeries Private Limited Tirumala Balaji Alloys Private Limited.
Subsidiary (As on 31.03.2014):	Monnet Global Limited Monnet Overseas Limited Monnet Daniel Coal Washeries Private Limited Monnet Power Company Limited Monnet Cement Limited Monnet Enterprises PTE Limited Chattel Constructions Private Limited Chomal Exports private limited Monnet Sports Foundation
Subsidiary of Subsidiaries (As on 31.03.2014) ::	Pt Monnet Global Monnet Enterprises DMCC Pt. Serwa Sembada Karya Bumi Monnet Global Liberia Limited Monnet Global Guinea S.A. Monnet Global Mali S.A. Monnet Global Colombia S.A.S.
Joint Ventures (As on 31.03.2014) :	MP Monnet Mining Company Limited Mandakini Coal Company Limited Urtan North Mining Company Limited Monnet Ecomaister Enviro Private Limited
Associates (As on 31.03.2014) :	Orissa Sponge Iron and Steel Limited Rameshwaram Steel & Power Private Limited. (w.e.f.1.4.2013)

CAPITAL STRUCTURE

As on: 31.03.2015

Authorised Capital : Not Available

Issued, Subscribed & Paid-up Capital : Rs. 2408.400 Million

As on: 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
82000000	Equity Shares	Rs. 10/- each	Rs. 820.000 Million
17500000	Preference share	Rs. 100/- each	Rs. 1750.000 Million
	Total		Rs. 2570.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
240825681	Equity Shares	Rs.10/- each	Rs. 2408.257 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2015	31.03.2014	31.03.2013
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	2408.400	2408.429	2387.489
(b) Reserves & Surplus	17768.500	25988.036	25160.119
(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)	20176.900	28396.465	27547.608
(3) Non-Current Liabilities
(a) long-term borrowings	49993.400	53772.569	40324.249
(b) Deferred tax liabilities (Net)	0.000	1928.894	1661.221
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	89.000	72.492	60.086
Total Non-current Liabilities (3)	50082.400	55773.955	42045.556
(4) Current Liabilities
(a) Short term borrowings	16455.500	9850.896	13991.782
(b) Trade payables	4198.000	2285.491	837.617
(c) Other current liabilities	19465.300	10354.440	9180.751
(d) Short-term provisions	7.300	210.824	112.573
Total Current Liabilities (4)	40126.100	22701.651	24122.723
TOTAL	110385.400	106872.071	93715.887
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	71586.700	43989.249	13875.021
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	21580.784	36825.918
(iv) Intangible assets under development	0.000	94.711	0.000
(b) Non-current Investments	11436.200	10667.651	9314.971
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	4041.000	7377.741	8096.082
(e) Other Non-current assets	559.400	735.361	836.179
Total Non-Current Assets	87623.300	84445.497	68948.171
(2) Current assets
(a) Current investments	0.000	0.000	0.995
(b) Inventories	10337.100	10671.613	7790.413
(c) Trade receivables	2452.600	2150.401	2458.498
(d) Cash and cash equivalents	2420.300	833.504	7191.707
(e) Short-term loans and advances	7522.700	8573.198	7218.931
(f) Other current assets	29.400	148.858	107.172
Total Current Assets	22762.100	22377.574	24767.716
TOTAL	110385.400	106823.071	93715.887

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2015	31.03.2014	31.03.2013
	SALES
	Income	32117.800	22679.413	19574.335
	Other Income	466.300	928.860	708.346
	TOTAL (A)	32584.100	23608.273	20282.681
Less	EXPENSES
	Cost of Materials Consumed	23647.700	17574.134	11736.905
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(216.700)	(2787.562)	7.695
	Employees benefits expense	1941.300	1435.258	1084.731
	Other expenses	5226.700	2634.064	1988.229
	Exceptional items	2529.100	0.000	0.000
	TOTAL (B)	33128.100	18855.894	14817.560
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	(544.000)	4752.379	5465.121
Less	FINANCIAL EXPENSES (D)	6528.700	2393.826	1192.091
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	(7072.700)	2358.553	4273.030
Less/ Add	DEPRECIATION/ AMORTISATION (F)	2814.400	1387.289	888.980
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	(9887.100)	971.264	3384.050
Less	TAX (H)	(1928.300)	304.937	880.857
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)	(7958.800)	666.327	2503.193
Less	APPROPRIATIONS
	Dividend			95.600
	Dividend on Preference Shares			0.600
	Tax on Dividend	NA		16.400
	Dividend paid		NA	112.600
	Transfer to General Reserve			251.000
	Transfer to Debenture Redemption Reserve			0.000
	BALANCE CARRIED TO THE B/S			14007.403
	EARNINGS IN FOREIGN CURRENCY
	F.O.B. Value of Exports		NA	448.682
	TOTAL EARNINGS		NA	448.682
		NA
	IMPORTS
	Capital Goods		NA	1874.671
	TOTAL IMPORTS		NA	1874.671
	Earnings Per Share (Rs.)
	Basic	(122.98)	8.25	39.07
	Diluted	(122.98)	8.10	37.83

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2015	31.03.2014	31.03.2013
Current Maturities of Long term debt	NA	4861.699	4273.122
Cash generated from operations	NA	1114.599	3886.085
Net cash flows from (used in) operations	NA	2026.846	2979.003

KEY RATIOS

PARTICULARS		31.03.2015	31.03.2014	31.03.2013
Net Profit Margin (PAT/Sales)	(%)	(24.78)	2.88	12.79
Operating Profit Margin (PBDIT / Sales)	(%)	(1.69)	20.57	27.92
Return on Total Assets (PBT/Total Assets}	(%)	(9.99)	1.01	7.11
Return on Investment (ROI) (PBT/Networth)		(0.49)	0.03	0.12
Debt Equity Ratio (Total Debt /Networth)		3.29	2.41	2.13
Current Ratio (Current Asset/Current Liability)		0.57	0.99	1.03

STOCK PRICES

Face Value	Rs.10.00/-
Market Value	Rs.32.95/-

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	2387.489	2408.400	2408.400
Reserves & Surplus	25160.119	25988.000	17768.500
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	27547.608	28396.400	20176.900
long-term borrowings	40324.249	53772.600	49993.400
Short term borrowings	13991.782	9850.900	16455.500
Total borrowings	54316.031	63623.500	66448.900
Debt/Equity ratio	1.972	2.241	3.293

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	19574.335	22679.413	32117.800
		15.863	41.617

NET PROFIT MARGIN

Net Profit Margin	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	19574.335	22679.413	32117.800
Profit	2503.193	666.327	(7958.800)
	12.79%	2.94%	(24.78%)

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	Yes
17	Details of sister concerns	Yes
18	Major suppliers	No
19	Major customers	No
20	Banking Details	Yes
21	Banking facility details	Yes
22	Conduct of the banking account	--
23	Financials, if provided	Yes
24	Capital in the business	Yes
25	Last accounts filed at ROC, if applicable	Yes
26	Turnover of firm for last three years	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last three years	Yes
30	Major shareholders, if available	Yes
31	External Agency Rating, if available	Yes
32	Litigations that the firm/promoter involved in	Yes
33	Market information	--
34	Payments terms	No
35	Negative Reporting by Auditors in the Annual Report	No

UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30^TH JUNE 2015

(Rs. In Million)

Particulars	Quarter Ended ( Unaudited)
	30.06.2015
1. Income from operations
a) Net sales/ Income from operation (net of excise duty)	6148.000
b) Other operating income	92.000
Total income from Operations(net)	6240.000
2.Expenditure
a) Cost of material consumed	5114.800
b) Purchases of stock in trade	0.000
c) Changes in inventories of finished goods, work-in-progress and stock-in-trade	86.400
d) Employees benefit expenses	417.700
e) Depreciation and amortization expenses	954.500
f) Other expenditure	1231.200
Total expenses	7804.600
3. Profit from operations before other income and financial costs	(1564.600)
4. Other income	136.200
5. Profit from ordinary activities before finance costs	(1428.400)
6. Finance costs	2325.100
7. Net profit/(loss) from ordinary activities after finance costs but before exceptional items	(3753.500)
8. Exceptional item	0.000
9. Profit from ordinary activities before tax Expense:	(3753.500)
10.Tax expenses	0.000
11.Net Profit / (Loss) from ordinary activities after tax (9-10)	(3753.500)
12.Extraordinary Items (net of tax expense)	0.000
13.Net Profit / (Loss) for the period (11 -12)	(3753.500)
Cash Profit	(2799.000)
14.Paid-up equity share capital (Nominal value Rs.10/- per share)	658.300
15. Reserve excluding Revaluation Reserves as per balance sheet of previous accounting year	--
16.i) Earnings per share (before extraordinary items) of Rs.10/- each) (not annualised):
(a) Basic	(57.54)
(b) Diluted	(57.54)

Particulars	Quarter Ended ( Unaudited)
	30.06.2015
A. Particulars of shareholding
1. Public Shareholding
- Number of shares	33842840
- Percentage of shareholding	51.41
2. Promoters and Promoters group Shareholding-
a) Pledged /Encumbered
Number of shares	Nil
Percentage of shares (as a % of total shareholding of the promoter and promoter group)
Percentage of shares (as a % of total share capital of the company)
b) Non Encumbered
Number of shares	31982841
Percentage of shares (as a % of total shareholding of the promoter and promoter group)	100.00
Percentage of shares (as a % of total share capital of the company)	48.59
B. Investor Complaints
Pending at the beginning of the quarter	4
Receiving during the quarter	18
Disposed of during the quarter	17
Remaining unreserved at the end of the quarter	5
Note: There Unaudited Financial Results were reviewed by the audit Committee and Approved at the meeting of the Board of Directors of the Company held on 14^th August 2015. The company does not have exceptional or extraordinary items to report for the above periods. The figures for the previous periods are re-classifies/ re-arranged/ re-groups, wherever necessary, the correspond with the current periods classification/ disclosure.

UNAUDITED SEGMENT WIE REVENUE, RESULTS AND CAPITAL EMPLOYED

(Rs. In Millions)

Particulars	Quarter Ended ( Unaudited)
	30.06.2015
1. Segment Revenue
a Power	834.500
b. Steel	6175.800
c. Unallocated	0.000
Total	7010.300
Less : Inter Segment Revenue	770.300
Net Sales	6240.000
2. Segment Result (Profit before Interest and Tax)
a Power	(12.600)
b. Steel	(1390.500)
c. Unallocated	0.000
Total	(1403.100)
Less : (i) Finance Charges	2325.100
(ii) Un-allocable expenditure net off.	0.000
(iii) un-allocable income	(25.300)
Profit before Tax	(3753.500)
3. Capital Employed
a Power	4466.000
b. Steel	11957.400
c. Unallocated	0.000
Total	16423.400

LISTING DETAILS

CASE DETAILS
Token No.	082210183052013
Case Type	MISC. APPEAL /0000076/2013
Date of Filing.	26/09/2013
Case Status.	Pending
CASE CURRENT PURPOSE
Bench	Case Not Allocated
Bench Nature	--
Court	--
Listing Date	--
Listing Purpose	--

I.A FILED (ALL)
I.A No	Date	Name	I.A Status

SUBJECT CATEGORY
Subj Code	Subject	Code-Subject Category	Subject Sub Category
10	COMPANY LAW, MRTP & ALLIED MATTERS	1003-398 OF COMPANIES ACT, 1956.

PETITIONER AND PETITIONER ADVOCATES
Petitioner Name        -M/s Mittal Investment Petitioner Father Name    -0 Petitioner Address    -THROUGH- ITS SOLE PROPRIETOR SHRI BAJARANGLAL B. AGRAWAL, B-10, MADHAVPURA MARKET, SHAHIBAUG ROAD, AHMEDABAD-380004, (GUJARAT) Petitioner Advocate  -C. Anup Rajput
PETITIONER ADDITIONAL PARTY
Additional Party Name	Father Name	Advocate Name	Party Address
RESPONDENTS/ACCUSED AND RESPONDENTS ADVOCATES
Respondent Name        -M/s Monnet Ispat And Energy Ltd. Respondent Father Name    - Respondent Address    -A COMPANY INCORPORATED UNDER PROVISIONS OF THE COMPANIES ACT, 1956 AND HAVING ITS REGISTERED OFFICE AT CHAND KHURI MARG (MONNET MARG), MANDI HASAUD, RAIPUR, DISTT. RAIPUR (CHHATTISGARH) Respondent Advocate  -
RESPONDENTS ADDITIONAL PARTY
Additional Party Name	Father Name	Advocate Name	Party Address

LOWER COURT DETAIL
Court name	District	Case Type	Case Number	Case Year	Decision Date
Not Available/Applicable	Mumbai	COMPANY PETITION NO.	32	2008	18/09/2010

FIR DETAIL
FIR No   -	FIR Date   -	Police Station   - ()

CASE PROCEEDING HISTORY
Bench	Hearing Date	Purpose	Action

DOCUMENT DETAIL ( A.O.)
Party Name	Payment Mode	Amount	Document Type
Total=

ORDER DETAILS
Token No.	Order Date           Order No

JUDGEMENT DETAILS
Token No.	Judgement Date           Judgement No

UNSECURED LOAN

(Rs. In Million)

Particulars	As on 31.03.2015	As on 31.03.2014
Long term Borrowing
Rupee loans	NA	0.000
Short term borrowings
0% Fully Convertible Debenture of Rs. 1000/- each.	NA	0.000
Foreign currency loans	NA	1802.709
Rupee loans	NA	1571.317
Total	NA	3374.026

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10588249	18/08/2015	330,000,000.00	AXIS BANK LIMITED	2ND FLOOR, RED FORT CAPITAL, PARSVNATH TOWERS, GOLE MARKET, BHAI VEER SINGH MARG, NEW DELHI - 110001, INDIA	C62727565
2	10579683	22/06/2015	16,826,600,000.00	SBICAP TRUSTEE COMPANY LIMITED	202, MAKER TOWER (E), CUFFE PARADE, MUMBAI, MUMBAI, MAHARASHTRA - 400020, INDIA	C58770439
3	10580553	22/06/2015	15,868,600,000.00	SBICAP TRUSTEE COMPANY LIMITED	202, MAKER TOWER (E), CUFFE PARADE, MUMBAI, MUMBAI, MAHARASHTRA - 400020, INDIA	C59199513
4	10562943	31/03/2015	170,000,000.00	AXIS BANK LIMITED	CORPORATE BANKING BRANCH, RED FORT CAPITAL, PARSV  NATH TOWERS, 2ND FLOOR, GOLE MARKET, NEW DELHI - 110001, INDIA	C50708585
5	10564435	31/03/2015	480,000,000.00	UNION BANK OF INDIA	M-11, 1ST FLOOR, MIDDLE CIRCLE,, CONNAUGHT CIRCUS, NEW DELHI - 110001, INDIA	C51280485
6	10564375	08/07/2015 *	8,000,000,000.00	SBICAP TRUSTEE COMPANY LIMITED	202, MAKER TOWER (E), CUFFE PARADE, MUMBAI, MUMBAI, MAHARASHTRA - 400020, INDIA	C58281635
7	10557391	26/03/2015	320,000,000.00	INDIAN BANK	A-2, RING ROAD, SOUTH EXTENSION BRANCH, PART 1, DELHI - 110049, INDIA	C47911243
8	10562786	26/03/2015	480,000,000.00	DENA BANK	CORPORATE BUSINESS BRANCH, 3RD FLOOR, 238 B, AJC  BOSE ROAD, KOLKATA, WEST BENGAL - 700020, INDIA	C50649631
9	10561655	20/03/2015	3,292,300,000.00	STATE BANK OF PATIALA	COMMERCIAL BRANCH, 2ND FLOOR, CHANDRALOK BUILDING, 36, JANPATH , NEW DELHI - 110001, INDIA	C50162387
10	10555460	18/03/2015	460,000,000.00	ORIENTAL BANK OF COMMERCE	LARGE CORPORATE BRANCH, GF & FF, HARSHA BHAWAN, CONNAUGHT PLACE, NEW DELHI, NEW DELHI - 110001, INDIA	C46888731

* Date of charge modification

FIXED ASSETS:

Tangible assets:

Ø Land and Site Development

Ø Lease hold land

Ø Railway Siding

Ø Building

Ø Plant and Machinery

Ø Office Equipment

Ø Furniture and Fixtures

Ø Vehicle

Intangible assets:
 
Ø Software

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.66.39
UK Pound	1	Rs.102.59
Euro	1	Rs.74.90

INFORMATION DETAILS

Information Gathered by :	DIP
Analysis Done by :	KAR
Report Prepared by :	GTA

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
PAID-UP CAPITAL	1~10	2
OPERATING SCALE	1~10	2
FINANCIAL CONDITION		--
--BUSINESS SCALE	1~10	2
--PROFITABILITY	1~10	--
--LIQUIDITY	1~10	2
--LEVERAGE	1~10	2
--RESERVES	1~10	2
--CREDIT LINES	1~10	2
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	YES
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	YES
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		16

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.