MIRA INFORM REPORT

Report No. :	343206
Report Date :	30.09.2015

IDENTIFICATION DETAILS

Name :	MEGHA ENGINEERING AND INFRASTRUCTURES LIMITED
Registered Office :	S-2, Technocrat Industrial Estate, Balanagar, Hyderabad – 500037, Telangana
Tel. No.:	91-40-44336700
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	07.06.2006
Com. Reg. No.:	36-050271
Capital Investment / Paid-up Capital :	Rs. 1500.100 Million
CIN No.: [Company Identification No.]	U45202TG2006PLC050271
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAECM7627A
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Subject is engaged in providing engineering and infrastructure services for irrigation, hydrocarbons, and industrial infrastructure industries.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

Ba (54)

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

Maximum Credit Limit :	USD 55370000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is a closely held public company established in 2006 by P Pitchi Reddy and PV Krishna Reddy. It has fine track record. The company possesses a decent profile marked by decent networth base along with fair liquidity and good profitability. Trade relations are reported to be fair. Business is active. Payment terms are reported to be regular and as per commitments. The company can be considered for normal 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	FITCH
Rating	Long term Issuer rating = IND A-
Rating Explanation	Have adequate degree of safety and carry low credit risk.
Date	October 22, 2014

Rating Agency Name	FITCH
Rating	Non fund based working capital limits = IND A2+
Rating Explanation	Have strong degree of safety and carry low credit risk.
Date	October 22, 2014

RBI DEFAULTERS’ LIST STATUS

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

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

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

INFORMATION DENIED

MANAGEMENT NON CO-OPERATIVE (91-40-44336700)

LOCATIONS

Registered Office :	S-2, Technocrat Industrial Estate, Balanagar, Hyderabad – 500037, Telangana, India
Tel. No.:	91-40-44336700
Fax No.:	91-40-44336800
E-Mail :	gvsr@meilgroup.com
Website :	http://www.meil.in

DIRECTORS

AS ON: 25.09.2014

Name :

Mr. Venkatakrishna Reddy Puritipati

Designation :

Managing director

Address :

H.No.8-2-293/82/A/295, Road No.25, Jubilee Hills, Hyderabad - 500033, Telangana, India

Date of Birth/Age :

30.06.1969

Date of Appointment :

01.08.2014

PAN No.:

AAQPP7020H

DIN No.:

01815061

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	U26950TG1996PTC024260	MEGHA STRUCTURES PRIVATE LIMITED	Director	04/06/1996	04/06/1996	-	Active	NO
2	U45202TG2006PLC050271	MEGHA ENGINEERING AND INFRASTRUCTURES LIMITED	Managing director	01/08/2014	07/06/2006	-	Active	NO
3	U74999TG2006PLC051913	MEGHA FIBRE GLASS INDUSTRIES LIMITED	Managing director	21/02/2013	05/12/2006	-	Active	NO
4	U45209TG2009PLC064573	MEIL HOLDINGS LIMITED	Director	30/07/2009	30/07/2009	-	Active	NO
5	U92419TG2009PLC064563	MEIL MEDIA LIMITED	Director	30/07/2009	30/07/2009	22/11/2014	Active	NO
6	U72900AP2009PLC064883	MEIL ADVANCED SYSTEMS LIMITED	Director	31/08/2009	31/08/2009	-	Strike off	NO
7	U32301TG2006PTC051753	RACHANA TELEVISION PRIVATE LIMITED	Director	01/02/2010	01/02/2010	01/03/2014	Active	NO
8	U45203TG2010PLC068691	HKR TOLLWAYS LIMITED	Director	10/06/2010	05/06/2010	05/01/2012	Strike off	NO
9	U11100TG2010PTC071069	MEIL RUSGAZ ENGINEERING PRIVATE LIMITED	Director	03/11/2010	03/11/2010	-	Strike off	NO
10	U40106GJ2007PTC051453	GreenBrilliance Energy Private Limited	Nominee director	20/12/2010	20/12/2010	01/03/2013	Active	NO
11	U40108TG2011PLC072056	MEIL GREEN POWER LIMITED	Director	05/01/2011	05/01/2011	-	Active	NO
12	U27109TG2002PLC038726	KOYA AND COMPANY CONSTRUCTION LIMITED	Director	26/09/2011	26/09/2011	01/01/2013	Active	NO
13	U40105UP2009PLC038219	WESTERN U. P. POWER TRANSMISSION COMPANY LIMITED	Director	24/09/2012	29/09/2011	-	Active	NO
14	U93030TG2011PLC077278	MEIL PURA LIMITED	Director	04/11/2011	04/11/2011	-	Active	NO
15	U45203TG2010PLC069897	HKR ROADWAYS LIMITED	Director	18/09/2012	28/05/2012	-	Active	NO
16	U85100TG2012NPL082259	MEIL FOUNDATION	Director	31/07/2012	31/07/2012	-	Active	NO
17	U93000AP2013PTC087429	MEIL GREEN PURA PRIVATE LIMITED	Director	01/05/2013	01/05/2013	-	Strike off	NO
18	U45209TG2013PTC089514	POA Offshore Private Limited	Director	14/08/2013	14/08/2013	-	Active	NO
19	U11100TG2014PTC093404	MEIL SAI RAMA OIL AND GAS PRIVATE LIMITED	Director	10/03/2014	10/03/2014	-	Active	NO

Name :

Mr. Pitchi Reddy Pamireddy

Designation :

Director

Address :

H. No. 8-2-293/82/A/265/P, Road No. 10, Jubilee Hills, Hyderabad – 500003, Telangana, India

Date of Birth/Age :

01.10.1957

Date of Appointment :

01.08.2014

PAN No.:

AANPP8623K

DIN No.:

01450174

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	U01110TG1996PTC023128	MANJALI AGRO FARMS PRIVATE LIMITED	Director	06/02/1996	06/02/1996	-	Strike off	NO
2	U26950TG1996PTC024260	MEGHA STRUCTURES PRIVATE LIMITED	Director	04/06/1996	04/06/1996	-	Active	NO
3	U45202TG2006PLC050271	MEGHA ENGINEERING AND INFRASTRUCTURES LIMITED	Whole-time director	01/08/2014	07/06/2006	-	Active	NO
4	U74999TG2006PLC051913	MEGHA FIBRE GLASS INDUSTRIES LIMITED	Director	20/02/2008	05/12/2006	-	Active	NO
5	U92419TG2009PLC064563	MEIL MEDIA LIMITED	Director	30/07/2009	30/07/2009	-	Active	NO
6	U45209TG2009PLC064573	MEIL HOLDINGS LIMITED	Director	30/07/2009	30/07/2009	-	Active	NO
7	U72900AP2009PLC064883	MEIL ADVANCED SYSTEMS LIMITED	Director	31/08/2009	31/08/2009	-	Strike off	NO
8	U40108TG2011PLC072056	MEIL GREEN POWER LIMITED	Managing director	11/10/2012	05/01/2011	-	Active	NO
9	U40105UP2009PLC038219	WESTERN U. P. POWER TRANSMISSION COMPANY LIMITED	Director	24/09/2012	29/09/2011	-	Active	NO
10	U93030TG2011PLC077278	MEIL PURA LIMITED	Director	04/11/2011	04/11/2011	-	Active	NO
11	U85100TG2012NPL082259	MEIL FOUNDATION	Director	31/07/2012	31/07/2012	-	Active	NO
12	U93000AP2013PTC087429	MEIL GREEN PURA PRIVATE LIMITED	Director	01/05/2013	01/05/2013	-	Strike off	NO
13	U45209TG2013PTC089514	POA Offshore Private Limited	Director	14/08/2013	14/08/2013	-	Active	NO

Name :

Mrs. Rama Reddy Pami

Designation :

Director

Address :

H. No. 8-2-293/82/A/265/P, Road No. 10, Jubilee Hills, Hyderabad – 500003, Telangana, India

Date of Birth/Age :

28.05.1967

Date of Appointment :

07.06.2006

DIN No.:

01614179

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	U26950TG1996PTC024260	MEGHA STRUCTURES PRIVATE LIMITED	Director	04/06/1996	04/06/1996	-	Active	NO
2	U45202TG2006PLC050271	MEGHA ENGINEERING AND INFRASTRUCTURES LIMITED	Director	07/06/2006	07/06/2006	-	Active	NO
3	U74999TG2006PLC051913	MEGHA FIBRE GLASS INDUSTRIES LIMITED	Additional director	20/02/2008	20/02/2008	-	Active	NO
4	U45209TG2009PLC064573	MEIL HOLDINGS LIMITED	Director	30/07/2009	30/07/2009	-	Active	NO
5	U40108TG2011PLC072056	MEIL GREEN POWER LIMITED	Additional director	26/03/2015	26/03/2015	-	Active	NO

Name :

Mrs. Puritipaati Sudharani

Designation :

Director

Address :

H. No. 8-2-293/82/A/265/P, Road No. 10, Jubilee Hills, Hyderabad – 500003, Telangana, India

Date of Birth/Age :

10.12.1978

Date of Appointment :

31.07.2009

DIN No.:

02061208

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	U74999TG2006PLC051913	MEGHA FIBRE GLASS INDUSTRIES LIMITED	Whole-time director	01/04/2008	20/02/2008	-	Active	NO
2	U45202TG2006PLC050271	MEGHA ENGINEERING AND INFRASTRUCTURES LIMITED	Director	31/07/2009	01/09/2008	-	Active	NO
3	U40105UP2009PLC038219	WESTERN U. P. POWER TRANSMISSION COMPANY LIMITED	Additional director	26/03/2015	26/03/2015	-	Active	NO

Name :

Mr. Ravi Peddinti Reddy

Designation :

Director

Address :

N3/33, IRC Village, Nayapalli, Bhubaneswar - 751015, Orissa, India

Date of Birth/Age :

24.06.1964

Date of Appointment :

31.07.2009

DIN No.:

00866243

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	U74140OR2005PTC008012	VIDYOG CONSULTANTS PRIVATE LIMITED	Director	17/02/2005	17/02/2005	-	Strike off	NO
2	U45202TG2006PLC050271	MEGHA ENGINEERING AND INFRASTRUCTURES LIMITED	Director	31/07/2009	01/09/2008	-	Active	NO
3	U72900TG2011PTC073145	MAGIC LUME COMPUTER GRAPHICS PRIVATE LIMITED	Director	09/03/2011	09/03/2011	-	Active	NO
4	U41000TG2014PTC093724	MEIL (BHUBANESWAR) BULK WATER PROJECT PRIVATE LIMITED	Director	24/03/2014	24/03/2014	-	Active	NO

Name :

Mr. Tirupathi Rao Nadipineni

Designation :

Whole-time director

Address :

Plot No.101, Sagar Society, Banjara Hills, Road No.2, Hyderabad - 500034, Telangana, India

Date of Birth/Age :

01.02.1953

Date of Appointment :

08.11.2012

DIN No.:

00055610

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	U14102AP1981PTC003317	MIDWEST GRANITE PRIVATE LIMITED	Director	01/04/2004	01/04/2004	01/01/2007	Active	NO
2	U14102TG1984PTC004754	VICTORIAN GRANITES PRIVATE LIMITED	Additional director	01/10/2004	01/10/2004	31/07/2007	Amalgamated	NO
3	U13204AP2007PLC053653	BEML MIDWEST LIMITED	Director	04/05/2007	04/05/2007	18/03/2008	Active	NO
4	U40101TG2007PTC054760	McLEOD HYDRO POWER VENTURES PRIVATE LIMITED	Director	11/07/2007	11/07/2007	-	Active	NO
5	U92419TG2009PLC064563	MEIL MEDIA LIMITED	Director	30/07/2009	30/07/2009	-	Active	NO
6	U45202TG2006PLC050271	MEGHA ENGINEERING AND INFRASTRUCTURES LIMITED	Whole-time director	08/11/2012	28/11/2009	-	Active	NO
7	U11100TG2010PTC071069	MEIL RUSGAZ ENGINEERING PRIVATE LIMITED	Director	03/11/2010	03/11/2010	-	Strike off	NO

Name :

Doraiah Palimpati

Designation :

Whole-time director

Address :

8-3-320/G/106, Yellareddy Guda, Yousuf Guda, Hyderabad - 500073, Telangana, India

Date of Birth/Age :

12.06.1957

Date of Appointment :

08.11.2012

DIN No.:

02120726

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	U45202TG2006PLC050271	MEGHA ENGINEERING AND INFRASTRUCTURES LIMITED	Whole-time director	08/11/2012	28/11/2009	-	Active	NO
2	U11100TG2011PLC076146	SAI RAMA OIL AND GAS INFRA LIMITED	Director	23/08/2011	23/08/2011	-	Active	NO
3	U11100TG2014PTC093404	MEIL SAI RAMA OIL AND GAS PRIVATE LIMITED	Director	10/03/2014	10/03/2014	-	Active	NO
4	U74900TG2014PTC094569	Sivasagar Food Park Private Limited	Director	23/06/2014	23/06/2014	-	Active	NO

Name :

Mr. Srinivas Reddy Bonthu

Designation :

Whole-time director

Address :

Plot No 29, Nizampet Road, Vijetha Green Homes, Kukatpally, Hyderabad - 500072, Telangana, India

Date of Birth/Age :

10.08.1969

Date of Appointment :

08.11.2012

DIN No.:

02331802

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	U45207DL2008PTC183515	MEGHAVARAM POWER PRIVATE LIMITED	Director	29/07/2009	19/03/2009	-	Active	NO
2	U72900AP2009PLC064883	MEIL ADVANCED SYSTEMS LIMITED	Director	31/08/2009	31/08/2009	-	Strike off	NO
3	U45202TG2006PLC050271	MEGHA ENGINEERING AND INFRASTRUCTURES LIMITED	Whole-time director	08/11/2012	28/11/2009	-	Active	NO
4	U40106GJ2007PTC051453	GreenBrilliance Energy Private Limited	Nominee director	17/12/2010	17/12/2010	01/03/2013	Active	NO
5	U40105UP2009PLC038219	WESTERN U. P. POWER TRANSMISSION COMPANY LIMITED	Managing director	11/10/2012	29/09/2011	-	Active	NO
6	U40108TG2011PLC072056	MEIL GREEN POWER LIMITED	Director	11/10/2012	02/01/2012	-	Active	NO

Name :

Chakka Peda Subbaiah

Designation :

Whole-time director

Address :

C-6, Vora Towers Madhuranagar, Ameerpet, Hyderabad - 500038, Telangana, India

Date of Birth/Age :

15.04.1960

Date of Appointment :

21.07.2012

DIN No.:

03560382

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	U27109TG2002PLC038726	KOYA AND COMPANY CONSTRUCTION LIMITED	Director	26/09/2011	26/09/2011	01/01/2013	Active	NO
2	U45203TG2010PLC069897	HKR ROADWAYS LIMITED	Director	18/09/2012	30/12/2011	-	Active	NO
3	U45202TG2006PLC050271	MEGHA ENGINEERING AND INFRASTRUCTURES LIMITED	Whole-time director	21/07/2012	21/07/2012	-	Active	NO
4	U41000TG2014PTC093724	MEIL (BHUBANESWAR) BULK WATER PROJECT PRIVATE LIMITED	Director	24/03/2014	24/03/2014	-	Active	NO

KEY EXECUTIVES

Name :	Chandra Kala Nandipeta
Designation :	Secretary
Address :	House No-3-5-92, Sri Laxmi Venkateshwara Nilayam, L.B. Nagar, Hyderabad-500074, Telangana, India
Date of Appointment :	08.07.2015
PAN No :	ADZPN3230D

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON: 25.09.2014

Names of Shareholders	No. of Shares
Pitchi Reddy Pamireddy	76483875
Venkatakrishna Reddy Puritipati	73470000
Rama Reddy Pami	18750
Puritipaati Sudharani	18750
P. Manjali Reddy	7500
P. Rajesh Reddy	375
P.V. Subba Reddy	375
P. Raja Reddy	375
P. Sumanth Reddy	1666
B. Neelima	4167
B. Nandana	4167
Total	150010000

Equity Share Break up (Percentage of Total Equity)

AS ON: 25.09.2014

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged in providing engineering and infrastructure services for irrigation, hydrocarbons, and industrial infrastructure industries.

Products/ Services :

ITC Code No.	Product Descriptions
99532909	Construction Services

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Not Divulged

PRODUCTION STATUS NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

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

Customers :

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

No. of Employees :

Not Divulged

Bankers :

· Andhra Bank

Balangar Branch, T.I.E, Balanagar, Hyderabad - 500037, Telangana, India

· State Bank of India

Commercial Branch, Mid Corporate Group, Bank Street, Koti, Hyderabad - 500095, Telangana, India

· Oriental Bank of Commerce

Jubilee Hills Branch, Jubilee Hills, Hyderabad - 500033, Telangana, India

· State Bank of Travancore

3rd Floor, Vayudhooth Chambers, Trinity Junction, 15-16, M.G. Road, Bangalore - 560001, Karnataka, India

· State Bank of Patiala

Mid Corporate Branch, Abid Circle, Abids, Hyderabad - 500001, Telangana, India

Facilities :

(Rs. In Million)

SECURED LOAN	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWING
Term loans from Banks	6.716	29.761
Term loans from others	10.667	70.028
SHORT TERM BORROWING
Working capital loans from banks	1422.769	1661.024
Loans repayable on demand from banks	1615.121	1246.850
Total	3055.273	3007.663

Financial Institution :	· Power Finance Corporation Limited 'Urjanidhi', 1,Barakhamba Lane, Connaught Place, New Delhi - 110001, India
Auditors :
Name :	Darapaneni and Company Chartered Accountants
Address :	D-410, Krishna Apartments, Ameerpet, Hyderabad, Telangana, India
PAN No.:	AAGFD6406K
Cost Auditors :
Name :	Nageswara Rao and Company Cost Accountants
Memberships :	Not Available
Collaborators :	Not Available
Subsidiary company :	· MEIL Holdings Limited [U45209AP2009PLC064573] · MEIL Green Power Limited [U40108AP2011PLC072056] · MEIL Pura Limited [U93030AP2011PLC077278] · Meghavaram Power Private Limited [U45207DL2008PTC183515] · TP Power Holdings Private Limited [U67190AP2012PTC082656]
Fellow subsidiaries :	· JCE Engineering And Management Services Limited [U74899DL1989PLC034661] · Koya and Company Construction Limited [U27109AP2002PLC038726] · SEPC Power Private Limited [U93090TN1995PTC030660]
Associates :	· Megha Fibre Glass Industries Limited [U74999AP2006PLC051913] · HKR Roadways Limited [U45203AP2010PLC069897] · GreenBrilliance Energy Private Limited [U40106GJ2007PTC051453] · Western U. P. Power Transmission Company Limited [U40105UP2009PLC038219]
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives:		· MEIL Media Limited [U92419AP2009PLC064563] · MEIL Advanced Systems Limited [U72900AP2009PLC064883] · Gomti Power Infrastructure Private Limited [U40101DL2010PTC206153] · Interactive Data Systems Limited [U72900AP2010PLC068993] · Mcleod Hydro Power Ventures Private Limited · Rachana Television Private Limited [U32301AP2006PTC051753] · Megha Structures Private Limited (MSPL) · MEIL Rusgaz Engineering Private Limited · MEIL Foundation
Joint Ventures :	· MEIL-MAYTAS-WPIL · MEIL-MYTAS-KBL · MEIL-KCCPL-FLOWMORE · MEIL-MYTAS-ABB-AAG · MYTAS-MEIL-ABB-AAG-NSP.04 · MEIL-SEW-MAYTAS-BHEL (Con) · HCC-MEIL-CBE · MEIL-GAYATRI-ZVS-IIT · HCC-MEIL-NCC-WPIL · MEIL-IVRCL-HCC-WPIL · MEIL-SEW-ABB-AAG · KCEL- MEIL(Con) · MEIL-ZVS-PVSRN-IIT (Con) · MEIL-RATNA-KBL · SAIRAMA-MEIL-VOLGOGRAD (Con) · MEIL-KBL · MEIL-PRASAD-KBL · MEIL-RATNA(con) · IVRCL-MEIL · OPTIMA-MEIL · MEIL-SMC-WPIL · MEIL-KBL-WEG(Con) · MEIL-BRPCL-AIPPC · MEIL-RATNA · KBL-MEIL-KCCPL · IVRCL-KBL-MEIL · NCC-MEIL-IHP · SEW-MEIL-BHEL · HCC-SEW-MEIL · HCC-MEIL-BHEL · HCC-SEW-MEIL-AAG · SEW-MEIL-ZVST-AAG · NCC-MEIL-ZVST-SIGMA (Con) · MAYTAS-MEIL-KBL · IHP-MEIL-KCCPL-BRCPL-TAIPPL · JCPL-MEIL-KBL (Con) · PLR-MEIL-WIPL · MYTAS-MEIL-ABB-AAG- PCL 07 · AIPPL-MEIL · MEIL-ITT · MEIL-KEPCO · SEW-MEIL · IVRCL-MEIL NC28 · IVRCL-MEIL NC33 · MEIL IVRCL · MEIL-SAISUDHIR-PRATIBHA · MEIL-SMC · MEIL-BRCCPL

CAPITAL STRUCTURE

AS ON 25.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
200,000,000	Equity Shares	Rs. 10/- each	Rs. 2000.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
150,010,000	Equity Shares	Rs. 10/- each	Rs. 1500.100 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	1500.100	1500.100	1500.100
(b) Reserves & Surplus	17879.585	13018.617	9687.264
(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)	19379.685	14518.717	11187.364
(3) Non-Current Liabilities
(a) Long-term borrowings	17.383	99.789	9.337
(b) Deferred tax liabilities (Net)	229.083	171.960	123.751
(c) Other long term liabilities	7094.432	8719.772	5188.114
(d) long-term provisions	40.647	13.884	11.885
Total Non-current Liabilities (3)	7381.545	9005.405	5333.087
(4) Current Liabilities
(a) Short term borrowings	3037.890	2907.874	2644.401
(b) Trade payables	9601.827	14061.027	9813.328
(c) Other current liabilities	19487.544	13088.001	8757.031
(d) Short-term provisions	350.998	100.219	95.005
Total Current Liabilities (4)	32478.259	30157.121	21309.765
TOTAL	59239.489	53681.243	37830.216
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	3829.041	3223.794	2037.118
(ii) Intangible Assets	11.393	11.561	13.627
(iii) Capital work-in-progress	26.394	45.732	293.103
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	8261.923	2841.367	1737.637
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	4143.134	7081.008	2187.803
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	16271.885	13203.462	6269.288
(2) Current assets
(a) Current investments	181.026	1.000	236.492
(b) Inventories	1342.085	4807.001	1378.469
(c) Trade receivables	15689.659	10523.526	7622.480
(d) Cash and cash equivalents	7255.611	9131.589	6706.881
(e) Short-term loans and advances	6152.869	4705.371	4494.768
(f) Other current assets	12346.354	11309.294	11121.838
Total Current Assets	42967.604	40477.781	31560.928
TOTAL	59239.489	53681.243	37830.216

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Revenue from Operations	49463.588	47057.939	30583.062
		Other Income	575.103	992.809	1076.887
		TOTAL (A)	50038.691	48050.748	31659.949
Less:	EXPENSES
		Cost of Materials Consumed	20115.711	25997.842	14023.734
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	2344.191	(2278.994)	(788.701)
		Employees benefits expense	1576.494	1351.711	1056.969
		Other expenses	18999.167	17279.873	12691.435
		Prior Period Items	5.770	1.147	5.805
		TOTAL (B)	43041.333	42351.579	26989.242
	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		6997.358	5699.169	4670.707
Less:	FINANCIAL EXPENSES (D)		1306.706	1509.102	915.939
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		5690.652	4190.067	3754.768
Less:	DEPRECIATION/ AMORTISATION (F)		222.119	145.044	108.495
	PROFIT BEFORE TAX (E-F) (G)		5468.533	4045.023	3646.273
Less:	TAX (H)		519.813	625.918	614.801
	PROFIT AFTER TAX (G-H) (I)		4948.720	3419.105	3031.472
	IMPORTS
		Raw Materials	1045.314	5074.707	341.233
		Capital Goods	93.045	384.160	198.534
	TOTAL IMPORTS		1138.359	5458.867	539.767
	Earnings Per Share (Rs.)		32.99	22.79	20.21

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	79.257	178.191	0.000
Cash generated from operations	NA	NA	NA
Net cash flows from (used in) operations	1465.833	6407.324	937.797
Net cash flows from (used in) operating activities	205.447	5538.610	(551.732)

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	10.00	7.27	9.91
Operating Profit Margin (PBIDT/Sales)	(%)	14.15	12.11	15.27
Return on Total Assets (PBT/Total Assets}	(%)	10.73	7.96	10.19
Return on Investment (ROI) (PBT/Networth)		0.28	0.28	0.33
Debt Equity Ratio (Total Debt /Networth)		0.16	0.22	0.24
Current Ratio (Current Asset/Current Liability)		1.32	1.34	1.48

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	1500.1	1500.1	1500.1
Reserves & Surplus	9687.264	13018.617	17879.585
Net worth	11187.364	14518.717	19379.685
long-term borrowings	9.337	99.789	17.383
Short term borrowings	2644.401	2907.874	3037.89
Current Maturities of Long term debt	0.000	178.191	79.257
Total borrowings	2653.738	3185.854	3134.530
Debt/Equity ratio	0.237	0.219	0.162

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	30583.062	47057.938	49463.588
		53.869	5.112

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	30583.062	47057.938	49463.588
Profit	3031.472	3419.105	4948.720
	9.91%	7.27%	10.00%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check list by info agents	Available in Report (Yes/No)
1	Year of establishment	Yes
2	Constitution of the entity -Incorporation details	Yes
3	Locality of the entity	Yes
4	Premises details	No
5	Buyer visit details	--
6	Contact numbers	Yes
7	Name of the person contacted	No
8	Designation of contact person	No
9	Promoter’s background	Yes
10	Date of Birth of Proprietor / Partners / Directors	Yes
11	Pan Card No. of Proprietor / Partners	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)	No
16	No. of employees	No
17	Details of sister concerns	Yes
18	Major suppliers	No
19	Major customers	No
20	Banking Details	Yes
21	Banking facility details	Yes
22	Conduct of the banking account	--
23	Financials, if provided	Yes
24	Capital in the business	Yes
25	Last accounts filed at ROC, if applicable	Yes
26	Turnover of firm for last 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	--
33	Market information	--
34	Payments terms	No
35	Negative Reporting by Auditors in the Annual Report	No

OPERATIONAL PERFORMANCE:

During the year the company's performance has amplified and earned the Gross turnover of Rs.48050.700 Million for the financial year 2012-13 as against Rs.31659.900 Million in the previous year. During this financial year the Company has earned Profit before Interest, Taxes, Depreciation, and Amortization (EBITDA) of Rs.5700.600 Million as against Rs.4671.500 Million earned in the last financial year. The Company has earned the profit after taxes of Rs.3419.100 Million after providing for Rs.1509.100 Million towards Interest and Finance Charges, Rs.627.400 Million towards taxation and Rs.145.000 Million towards Depreciation as against Rs.3031.500 Million in the previous year.

FUTURE OUTLOOK:

India's infrastructure facilities, including transport, sanitation, electricity, Irrigation are still estimated to be inadequate for its population, thereby presenting a challenge for sustainable economic growth in sectors such as heavy manufacturing. Development of the infrastructure sector is crucial to the growth of the Indian economy. Sustainable development can only be attained through a careful analysis of the factors that have mitigated growth in the past, and thereafter, taking the appropriate corrective measures. The 12th Plan projects an investments of Rs.55000000.000 Million in infrastructure. The Plan envisages that the private sector will share 47 percent of the investment. Government has initiated policies and schemes such as Empowered Committees/Empowered Institutions and Model Concession Agreements to increase the inflow of private sector investments and make the bidding process for projects more transparent. The government plans to draw an even mix of public and private sector investments in the 12th Five Year Plan through PPP and other initiatives. A number of PPP projects were initiated at both the centre and state levels. Basically Government sector is the major customer for their Company; they expect the new opportunities to nurture the business of the Company. And the directors take pleasure to express their confidence to capture and countenance the opportunity.

INDEX OF CHARGES:

S. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10507419	13/06/2014	37,717,200,000.00	POWER FINANCE CORPORATION LIMITED	'URJANIDHI', 1,BARAKHAMBA LANE, CONNAUGHT PLACE, NEW DELHI, DELHI - 110001, INDIA	C10117661
2	10470342	19/12/2013	1,000,000,000.00	Andhra Bank	BALANGAR BRANCH, T.I.E, BALANAGAR, HYDERABAD, ANDHRA PRADESH - 500037, INDIA	B93552339
3	10411515	08/08/2015 *	61,350,000,000.00	State Bank of India	COMMERCIAL BRANCH, MID CORPORATE GROUP, BANK STREET, KOTI, HYDERABAD, TELANGANA - 500095, INDIA	C61229431
4	10374757	11/09/2012	150,000,000.00	MAGMA FINCORP LIMITED	MAGMA HOUSE, 24 PARK STREET, KOLKATA, WEST BENGAL - 700016, INDIA	B57389066
5	10378271	03/09/2012	63,000,000.00	SREI Equipment Finance Private Limited	'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA	B58815960
6	10359410	08/06/2012	7,489,245.00	KOTAK MAHINDRA BANK LIMITED	36-38A, NARIMAN BHAVAN, 227,D, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA	B41124199

FIXED ASSETS:

Tangible:

· Land

· Buildings

· Plant and equipment

· Factory equipment

· Other plant and equipment

· Furniture and fixtures

· Vehicles

· Motor vehicles

· Office equipment

· Computer equipment

· Other equipment

Intangible

· Computer 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. 66.18
UK Pound	1	Rs. 100.46
Euro	1	Rs. 74.61

INFORMATION DETAILS

Information Gathered by :	RAS
Analysis Done by :	GYT
Report Prepared by :	THR

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	6
--RESERVES	1~10	6
--CREDIT LINES	1~10	6
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		54

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.