MIRA INFORM REPORT

Report No. :	343196
Report Date :	30.09.2015

IDENTIFICATION DETAILS

Name :	RUNGTA MINES LIMITED
Registered Office :	8A, Express Tower, 42A, Shakespeare Sarani, Kolkata – 700017, West Bengal
Tel. No.:	91-33-22816580 / 3751
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	01.12.1962
Com. Reg. No.:	21-025691
Capital Investment / Paid-up Capital :	Rs.1226.310 Million
CIN No.: [Company Identification No.]	U26911WB1962PLC025691
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AABCR6463N
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Subject is engaged in mining of minerals namely iron ore, manganese ore Lime stone and phyrophite, manufacture of Sponge Iron and M.S. Billets and also has captive power plant.
No. of Employees :	Information Declined by the management.

RATING & COMMENTS

MIRA’s Rating :

A (70)

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Good
Payment Behaviour :	Regular
Litigation :	Exist
Comments :	Subject is the flagship company of the Rungta Group, engaged in mining of minerals. Its products include iron ore, manganese ore lime stone and phyrophite. Rating reflect an advantage to company from being a part of the Rungta group which is one of the largest private iron ore miners in India supported by presence of valid mining licenses for almost all of its mines, in the highly regulated mining industry and strong operational base of the company. Rating also reflects its healthy financial base backed by strong networth profile and favourable liquidity position of the company. Fundamentals of the company is strong and healthy. Directors are well experienced and resourceful businessmen. Trade relations are reported as fair. Payments are reported to be regular and as per commitment. In view of aforesaid, the company can be considered good 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 : AA+
Rating Explanation	High degree of safety and very low credit risk.
Date	23.12.2014

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 BY

Name :	Mr. Ashutosh Mohanty
Designation :	Chief Financial Officer
Contact No.:	91-6582-256861
Date :	29.09.2015

LOCATIONS

Registered Office :	8A, Express Tower, 42A, Shakespeare Sarani, Kolkata – 700017, West Bengal, India
Tel. No.:	91-33-22816580 / 3751
Fax No.:	91-33-22815380
E-Mail :	rungta_cal@sify.com rungtas@satyam.net.in
Website :	www.rungtamines.com
Head Office/ Admin Office/ Corporate Office :	Rungta House, Cable-Rungta, Singhbhum (West), Chaibasa-833201, Jharkhand, India
Tel. No.:	91-6582-256861/256761/256861
Fax No.:	91-6582-256442
E-Mail :	rungtas@satyam.net.in rml@satyam.net.in

DIRECTORS

AS ON 22.08.2014

Name :

Mr. Nandlal Rungta

Designation :

Managing Director

Address :

Rungta House, Chaibasa - 833201, Jharkhand, India

Date of Birth/Age :

05.04.1950

Date of Appointment :

01.04.2012

DIN No.:

00114135

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	U45201OR1958NPL008546	EASTERN ZONE MINING ASSOCIATION	Director	03/08/1979	03/08/1979	13/11/2009	Active	NO
2	U10200WB1964PTC026218	FEEGRADE & CO PVT LTD	Director	05/01/1983	05/01/1983	-	Active	NO
3	U14109OR1939PLC000246	BONAI INDUSTRIAL CO LTD	Director	05/06/2015	15/10/1984	-	Active	NO
4	U26911WB1962PLC025691	RUNGTA MINES LIMITED	Managing director	01/04/2012	07/01/1985	-	Active	NO
5	U02005WB1943PTC011231	RUNGTA SONS PVT LTD	Director	08/03/1987	08/03/1987	-	Active	NO
6	U65993WB1940PLC010354	MINERALS & METALS LTD	Director	26/06/1992	26/06/1992	-	Active	NO
7	U70101WB1951PTC019809	MANGILALL ESTATES PVT LTD	Director	30/06/1992	30/06/1992	-	Active	NO
8	U24117OR1978PLC000753	ELECTROCHEM ORISSA LTD	Director	07/09/1992	07/09/1992	-	Active	NO
9	U51420OR1994PLC003707	BANSPANI IRON LTD	Managing director	01/04/2013	16/09/1994	-	Active	NO
10	U51909WB1951PLC019815	SHYAM SUNDAR LTD	Director	02/12/1995	02/12/1995	-	Active	NO
11	U26959ML2008PLC008300	JP CEMENTS LIMITED	Director	30/09/2008	11/02/2008	-	Active	NO
12	U26942ML2007PTC008248	KB CEMENTS PRIVATE LIMITED	Director	30/09/2008	11/02/2008	-	Active	NO
13	U85100OR2009NPL011422	EZMA FOUNDATION	Director	16/12/2009	16/12/2009	-	Active	NO
14	U92410JH2012NPL000254	COUNTRY CRICKET CLUB	Director	07/03/2012	07/03/2012	-	Active	NO

Name :

Mr. Mukund Rungta

Designation :

Director

Address :

Rungta House, Chaibasa - 833201, Jharkhand, India

Date of Birth/Age :

14.01.1958

Date of Appointment :

07.02.2011

DIN No.:

00072640

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	U24117OR1978PLC000753	ELECTROCHEM ORISSA LTD	Director	08/08/1984	08/08/1984	-	Active	NO
2	U65993WB1940PLC010354	MINERALS & METALS LTD	Director	05/09/1985	05/09/1985	-	Active	NO
3	U51909WB1951PLC019815	SHYAM SUNDAR LTD	Director	26/06/1992	26/06/1992	-	Active	NO
4	U14109OR1939PLC000246	BONAI INDUSTRIAL CO LTD	Managing director	26/02/2011	27/06/1992	-	Active	NO
5	U10200WB1964PTC026218	FEEGRADE & CO PVT LTD	Director	29/06/1992	29/06/1992	-	Active	NO
6	U02005WB1943PTC011231	RUNGTA SONS PVT LTD	Director	24/06/2015	30/06/1992	-	Active	NO
7	U26911WB1962PLC025691	RUNGTA MINES LIMITED	Director	07/02/2011	30/06/1992	-	Active	NO
8	U70101WB1951PTC019809	MANGILALL ESTATES PVT LTD	Director	30/06/1992	30/06/1992	-	Active	NO
9	U51420OR1994PLC003707	BANSPANI IRON LTD	Director	26/10/2002	26/10/2002	-	Active	NO
10	U26959ML2008PLC008300	JP CEMENTS LIMITED	Director	30/09/2008	08/02/2008	-	Active	NO
11	U26942ML2007PTC008248	KB CEMENTS PRIVATE LIMITED	Director	30/09/2008	08/02/2008	-	Active	NO

Name :

Mr. Siddharth Rungta

Designation :

Director

Address :

Rungta House, Chaibasa - 833201, Jharkhand, India

Date of Birth/Age :

15.07.1977

Date of Appointment :

02.06.2015

DIN No.:

00112057

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	U26911WB1962PLC025691	RUNGTA MINES LIMITED	Director	02/06/2015	03/07/2001	-	Active	NO
2	L67120WB1993PLC057677	ORISSA SECURITIES LTD	Director	12/11/2001	12/11/2001	-	Active	NO
3	U51909WB1951PLC019815	SHYAM SUNDAR LTD	Director	04/02/2002	04/02/2002	-	Active	NO
4	U14109OR1939PLC000246	BONAI INDUSTRIAL CO LTD	Director	05/06/2015	30/04/2005	-	Active	NO
5	U70101WB1951PTC019809	MANGILALL ESTATES PVT LTD	Director	03/05/2005	03/05/2005	-	Active	NO
6	U10200WB1964PTC026218	FEEGRADE & CO PVT LTD	Director	24/06/2015	04/05/2005	-	Active	NO
7	U65993WB1940PLC010354	MINERALS & METALS LTD	Director	04/05/2005	04/05/2005	-	Active	NO
8	U02005WB1943PTC011231	RUNGTA SONS PVT LTD	Director	04/05/2005	04/05/2005	-	Active	NO
9	U45203OR2006PLC008959	HARIDASPUR PARADIP RAILWAY COMPANY LIMITED	Nominee director	15/05/2007	15/05/2007	04/03/2015	Active	NO
10	U26959ML2008PLC008300	JP CEMENTS LIMITED	Director	30/09/2008	11/02/2008	31/03/2015	Active	NO
11	U26942ML2007PTC008248	KB CEMENTS PRIVATE LIMITED	Director	30/09/2008	11/02/2008	31/03/2015	Active	NO
12	U10100JH2008PTC013329	C T MINING PRIVATE LIMITED	Nominee director	25/09/2008	25/09/2008	-	Active	NO
13	U10100WB2009PTC138134	MEDNIRAI COAL MINING PRIVATE LIMITED	Nominee director	01/09/2009	01/09/2009	-	Active	NO
14	U74899DL1969NPL005064	FEDERATION OF INDIA MINERAL INDUSTRIES	Director	28/10/2009	28/10/2009	23/05/2014	Active	NO
15	U10100OR2010PTC011795	RADHIKAPUR (WEST) COAL MINING PRIVATE LIMITED	Nominee director	29/03/2010	29/03/2010	-	Active	NO
16	U74899WB1995PTC165878	HOLLY HOCK FARMS PRIVATE LIMITED	Director	14/06/2011	26/07/2010	30/03/2015	Active	NO
17	U74899WB1995PTC165792	COLUMBINE FARMS PRIVATE LIMITED	Director	14/06/2011	26/07/2010	30/03/2015	Active	NO
18	U85199WB1996PTC167219	ARAVALI HEALTH FARM PRIVATE LIMITED	Director	14/06/2011	26/07/2010	30/03/2015	Active	NO
19	U14290DL2013NPL261671	SKILL COUNCIL FOR MINING SECTOR	Director	06/12/2013	06/12/2013	-	Active	NO

Name :

Mr. Vikesh Singh

Designation :

Whole-Time Director

Address :

3, Mig, Sangam Vihar, Sonari, Jamshedpur - 831011, Jharkhand, India

Date of Birth/Age :

03.11.1961

Date of Appointment :

25.09.2012

DIN No.:

00225499

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	U10100JH2008PTC013329	C T MINING PRIVATE LIMITED	Nominee director	25/09/2008	25/09/2008	-	Active	NO
2	U10100WB2009PTC138134	MEDNIRAI COAL MINING PRIVATE LIMITED	Nominee director	01/09/2009	01/09/2009	-	Active	NO
3	U26911WB1962PLC025691	RUNGTA MINES LIMITED	Whole-time director	25/09/2012	01/07/2012	-	Active	NO

Name :

Mr. Mahesh Dutt Rustagi

Designation :

Director

Address :

Punjabi Para, Bhola Garage Road, Dist. Keonjhar, Barbil - 758035, Orissa, India

Date of Birth/Age :

01.09.1940

Date of Appointment :

02.06.2015

DIN No.:

01219014

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	U51420OR1994PLC003707	BANSPANI IRON LTD	Director	25/06/1997	25/06/1997	-	Active	NO
2	U14109OR1939PLC000246	BONAI INDUSTRIAL CO LTD	Director	05/06/2015	10/01/2008	-	Active	NO
3	U02005WB1943PTC011231	RUNGTA SONS PVT LTD	Director	24/06/2015	12/01/2008	-	Active	NO
4	U26911WB1962PLC025691	RUNGTA MINES LIMITED	Director	02/06/2015	12/01/2008	-	Active	NO
5	U10200WB1964PTC026218	FEEGRADE & CO PVT LTD	Director	24/06/2015	12/01/2008	-	Active	NO
6	U51909WB1951PLC019815	SHYAM SUNDAR LTD	Director	01/09/2012	05/10/2011	-	Active	NO

Name :

Mr. Ashutosh Mohanty

Designation :

Whole-Time Director

Address :

2a, Diamond, Padma Enclave, Sen Tola, Chaibasa, P.O.- Chaibasa, Chaibasa - 833201, Jharkhand, India

Date of Birth/Age :

16.06.1972

Date of Appointment :

25.09.2012

DIN No.:

02219702

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	U10100JH2008PTC013329	C T MINING PRIVATE LIMITED	Nominee director	25/09/2008	25/09/2008	-	Active	NO
2	U10100WB2009PTC138134	MEDNIRAI COAL MINING PRIVATE LIMITED	Nominee director	01/09/2009	01/09/2009	-	Active	NO
3	U10100OR2010PTC011795	RADHIKAPUR (WEST) COAL MINING PRIVATE LIMITED	Nominee director	29/03/2010	29/03/2010	-	Active	NO
4	U14109OR1939PLC000246	BONAI INDUSTRIAL CO LTD	Director	05/06/2015	26/02/2011	-	Active	NO
5	U60231WB1996PLC077174	MOBAR INDIA LIMITED	Director	03/08/2012	11/05/2011	-	Active	NO
6	U02005WB1943PTC011231	RUNGTA SONS PVT LTD	Director	03/09/2012	16/05/2012	-	Active	NO
7	U10200WB1964PTC026218	FEEGRADE & CO PVT LTD	Director	03/09/2012	16/05/2012	-	Active	NO
8	U26911WB1962PLC025691	RUNGTA MINES LIMITED	Whole-time director	25/09/2012	01/07/2012	-	Active	NO

Name :

Mr. Hirak Mazumder

Designation :

Director

Address :

At- Rungta Office, Main Road, Barbil - 758035, Orissa, India

Date of Birth/Age :

05.05.1961

Date of Appointment :

02.06.2015

DIN No.:

03473973

Name :

Mr. Ram Shankar Chaudhary

Designation :

Whole-Time Director

Address :

At: Sriniketan Apartment, Flat No.- 301, Block "B", Near RI Office, Barbil - 758035, Orissa, India

Date of Birth/Age :

01.01.1952

Date of Appointment :

25.09.2012

DIN No.:

05335501

Name :

Ranjana Kumari

Designation :

Additional Director

Address :

H. No. H6/204, O.C. Road, Bistupur, Jamshedpur - 831001, Jharkhand, India

Date of Appointment :

31.03.2015

DIN No.:

07082794

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	U14109OR1939PLC000246	BONAI INDUSTRIAL CO LTD	Director	20/07/2015	30/03/2015	-	Active	NO
2	U26911WB1962PLC025691	RUNGTA MINES LIMITED	Additional director	31/03/2015	31/03/2015	-	Active	NO

Name :

Pradeep Kumar Lodha

Designation :

Additional Director

Address :

B/25/8, Salt Lake, Block-Ed, Sector-II, Karunamoyee Housing Estate, Bidhan Nagar (East), North Twenty Four Paraganas Kolkata - 700091, West Bengal, India

Date of Appointment :

01.06.2015

DIN No.:

07178700

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	U26911WB1962PLC025691	RUNGTA MINES LIMITED	Additional director	01/06/2015	01/06/2015	-	Active	NO
2	U14109OR1939PLC000246	BONAI INDUSTRIAL CO LTD	Director	20/07/2015	04/06/2015	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Ashutosh Mohanty
Designation :	Chief Financial Officer
Address :	2A, Diamond, Padma Enclave, Sentola, Chaibasa - 833201, Jharkhand, India
PAN No.:	ADBPM4934D
Date of Appointment :	31.03.2015
Name :	Mr. Ashok Kumar
Designation :	Secretary
Address :	Ghaghra Road, Qr. No.- 17, Old Baridih, Jamshedpur - 831017, Jharkhand, India
PAN No.:	AJZPK1515G
Date of Appointment :	30.12.2010

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 22.08.2014

Names of Shareholders	No. of Shares	%age holding
Sitaram Rungta (HUF)	115005000	9.38
Nandlal Rungta (HUF)	238251000	19.43
Mukund Rungta (HUF)	381054000	31.07
Nandlal Rungta	176505000	14.39
Mukund Rungta	112340000	9.16
Siddharth Rungta	59163000	4.82
Manju Rungta	24600000	2.01
Preeti Rungta	109470000	8.93
Shradha Rungta	9922000	0.81
TOTAL	1226310000	100.00

Equity Share Break up (Percentage of Total Equity)

AS ON 22.08.2014

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged in mining of minerals namely iron ore, manganese ore Lime stone and phyrophite, manufacture of Sponge Iron and M.S. Billets and also has captive power plant.

Products :

Product Description	Item Code No.
Iron Ore Lumps	26011101
Sponge Iron	72031000
Manganese Ore	26020004
M S Billet	72071920

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

IRON ORE

MMTC Limited, For export (their own export mechanism is being streamlined).

STEEL MILLS

Bhilai Steel Plant (SAIL - Madhya Pradesh)

Bokaro Steel Plant (SAIL - Jharkhand)

Durgapur Steel Plant (SAIL - West Bengal)

Indian Iron and Steel Co. Ltd. (IISCO - West Bengal)

Neelachal Ispat Nigam Ltd.- Orissa (proposed)

Rourkela Steel Plant (SAIL - Orissa)

SPONGE IRON PLANTS

Bihar Sponge Iron Limited

Essar Steel Limited (Gujarat)

HEG Limited (Madhya Pradesh)

Ispat Industries Limited (Maharashtra)

Jindal Strips Limited (Madhya Pradesh)

Lloyds Metals and Engineers Limited (Maharashtra)

Monnet Industries Limited (Maharashtra)

Nova Iron and Steel Company Limited (Madhya Pradesh)

Orissa Sponge Iron Limited (Orissa)

Prakash Industries Limited (Madhya Pradesh)

Raipur Alloys and Steel Limited (Madhya Pradesh)

Rexon Strips Limited (Orissa)

Sunflag Iron and Steel Company Limited (Maharashtra)

Surya Sponge Iron Limited (Orissa)

Tata Sponge Iron Limited (Orissa)

PIG IRON PLANTS

Electro Steel Castings Limited (West Bengal)

Jaiswal Neco Limited (Madhya Pradesh)

Kajaria Iron and Castings Limited (West Bengal)

Malavika Steel Limited (Uttar Pradesh)

Usha Martin Industries Limited (Jharkhand)

CEMENT PLANTS

ACC Cement Limited

Gujarat Ambuja Cement Limited

Kalyanpur Lime and Cement Works (Bihar)

MAGANESE ORE

BATTERY INDUSTRY

Eveready Industries India Limited

STEEL MILLS

Bokaro Steel Plant (SAIL - Jharkhand)

Durgapur Steel Plant (SAIL - (West Bengal)

Indian Iron and Steel Company Limited (IISCO - West Bengal)

Rourkela Steel Plant (SAIL - Orissa)

FERRO MANGANESE PLANTS

Bhaskar Shrachi Alloys Limited (West Bengal)

Ferro Alloys Corpn. Limited (Andhra Pradesh)

Ispat Alloys Limited (Orissa)

Impex Ferro Tech Limited (West Bengal)

KFA Manganese (Maharashtra)

Maharashtra Electosmelt Limited

Monnet Ferroalloys Limited (West Bengal)

Shyam Ferro Alloys (West Bengal)

UFA International (Madhya Pradesh)

PIG IRON PLANT

Electro Steel Castings Limited (West Bengal)

Malavika Steel Limited (Uttar Pradesh)

Usha Martin Industries Limited (Jharkhand)

No. of Employees :

Information declined by the management.

Bankers :

Bank Name	Canara Bank
Branch	Jain Market, Sadar Bazar, Chaibasa - 833201, Jharkhand, India
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
Name of Account Holder	Not Divulged
Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

Facilities :

Secured Loan	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Short-term borrowings
Working capital loans from banks [Packing Credit Secured by hypothecation of Iron Ore Stock meant for Export. Bill Re-Discounting Secured by hypothecation of Export Documents along with Bill of Lading , Buyers Credit Secured by Bank Fixed Deposits, Overdrafts accounts secured by Pledge of Fixed Deposits.]	4327.554	3879.905
Total	4327.554	3879.905

Auditors :
Name :	R.S. Choumal and Company Chartered Accountants
Address :	17, Ganesh Chandra Avenue, Kolkata-700013, West Bengal, India
PAN No.:	AANFR8122P
Name :	MANI and Company Cost Accountants
Memberships :	Not Available
Collaborators :	Not Available
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives:	Rungta Sons Private Limited Feegrade and Company Private Limited Bonai Industrial Company Limited Mangilall Estates Private Limited Banspani Iron Limited Minerals and Metals Limited Mukund Rungta HUF Sitaram Rungta HUF
Subsidiaries :	Aravali Health Farm Private Limited Columbine Farms Private Limited Electrochem Orissa Limited C T Mining Private Limited Holly Hock Farms Private Limited JP Cements Limited Mobar India Limited Radhikapur (West) Coal Mining Private Limited Mednirai Coal Mining Private Limited

CAPITAL STRUCTURE

AS ON 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
250,00,00,000	Equity Shares	Re.1/- each	Rs.2500.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
122,63,10,000	Equity Shares	Re.1/- each	Rs.1226.310 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	1226.310	1226.310	1226.310
(b) Reserves & Surplus	75892.154	72330.732	59534.933
(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)	77118.464	73557.042	60761.243
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	73.877
(b) Deferred tax liabilities (Net)	374.913	451.868	200.856
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	100.635	0.000	0.000
Total Non-current Liabilities (3)	475.548	451.868	274.733
(4) Current Liabilities
(a) Short term borrowings	4327.554	3879.905	2384.538
(b) Trade payables	1197.581	1295.407	1480.206
(c) Other current liabilities	1805.615	1324.034	2696.826
(d) Short-term provisions	7385.223	450.704	682.772
Total Current Liabilities (4)	14715.973	6950.050	7244.342
TOTAL	92309.985	80958.960	68280.318
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	5957.696	6246.379	3685.194
(ii) Intangible Assets	7.114	7.060	7.829
(iii) Capital work-in-progress	5554.221	4817.967	5533.553
(iv) Intangible assets under development	0.000	0.000	28.311
(b) Non-current Investments	1267.202	1268.077	1064.674
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	1361.020	1019.917	810.141
(e) Other Non-current assets	8385.914	6227.823	710.813
Total Non-Current Assets	22533.167	19587.223	11840.515
(2) Current assets
(a) Current investments	1.095	0.000	0.000
(b) Inventories	2453.856	2712.820	1929.038
(c) Trade receivables	836.748	1104.601	1297.115
(d) Cash and cash equivalents	62468.017	52332.637	44839.463
(e) Short-term loans and advances	1248.155	1102.164	1848.392
(f) Other current assets	2768.947	4119.515	6525.795
Total Current Assets	69776.818	61371.737	56439.803
TOTAL	92309.985	80958.960	68280.318

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income	28720.910	34948.189	42344.917
	Other Income	6400.766	5449.519	4510.107
	TOTAL (A)	35121.676	40397.708	46855.024
Less	EXPENSES
	Cost of Materials Consumed	1990.055	4131.143	4160.645
	Purchases of Stock-in-Trade	0.000	0.000	7.955
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(5.275)	287.246	60.579
	Employees benefits expense	964.099	830.454	771.234
	Other expenses	14864.522	14897.001	20971.648
	TOTAL (B)	17813.401	20145.844	25972.061
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	17308.275	20251.864	20882.963
Less	FINANCIAL EXPENSES (D)	269.088	265.580	284.575
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	17039.187	19986.284	20598.388
Less/ Add	DEPRECIATION/ AMORTISATION (F)	705.993	604.828	421.934
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	16333.194	19381.456	20176.454
Less	TAX (H)	5593.800	6047.700	6539.738
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)	10739.394	13333.756	13636.716
	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD	637295.512	52242.025	40254.027
	APPROPRIATIONS
	Transfer to General Reserve	1079.089	1308.274	1363.672
	Dividend	6131.550	245.262	245.262
	Tax on Dividend	1042.057	41.682	39.787
	Balance Carried to the B/S	66211.883	637295.512	52242.025
	EARNINGS IN FOREIGN CURRENCY
	F.O.B. Value of Exports	7060.262	7385.894	18487.833
	Other Income	49.358	21.597	103.704
	TOTAL EARNINGS	7109.620	7407.491	18591.537
	IMPORTS
	Raw Materials	407.714	322.545	0.000
	Components and Stores parts	0.000	1.927	2.938
	TOTAL IMPORTS	407.714	324.472	2.938
	Earnings / (Loss) Per Share (Rs.)	8.76	10.67	11.12

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	NA	0.000	814.140
Cash generated from operations	NA	NA	NA
Net cash flows from (used in) operations	11696.253	14775.833	17668.358
Net cash flows from (used in) operating activities	5796.918	8081.465	11059.755

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	37.39	38.15	32.20
Operating Profit Margin (PBIDT/Sales)	(%)	60.26	57.95	49.32
Return on Total Assets (PBT/Total Assets}	(%)	19.11	25.89	32.73
Return on Investment (ROI) (PBT/Networth)		0.21	0.26	0.33
Debt Equity Ratio (Total Debt /Networth)		0.06	0.05	0.04
Current Ratio (Current Asset/Current Liability)		4.74	8.83	7.79

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	1226.310	1226.310	1226.310
Reserves & Surplus	59534.933	72330.732	75892.154
Share Application money pending allotment	0.000	0.000	0.000
Net worth	60761.243	73557.042	77118.464
long-term borrowings	73.877	0.000	0.000
Short term borrowings	2384.538	3879.905	4327.554
Total borrowings	2458.415	3879.905	4327.554
Debt/Equity ratio	0.040	0.053	0.056

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	42344.917	34948.189	28720.910
		(17.468)	(17.819)

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	42344.917	34948.189	28720.910
Profit	13636.716	13333.756	10739.394
	32.20%	38.15%	37.39%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check list by info agents	Available in Report (Yes/No)
1	Year of establishment	Yes
2	Constitution of the entity -Incorporation details	Yes
3	Locality of the entity	Yes
4	Premises details	No
5	Buyer visit details	---
6	Contact numbers	Yes
7	Name of the person contacted	Yes
8	Designation of contact person	Yes
9	Promoter’s background	Yes
10	Date of Birth of Proprietor / Partners / Directors	Yes
11	Pan Card No. of Proprietor / Partners	No
12	Voter Id Card No. of Proprietor / Partners	No
13	Type of business	Yes
14	Line of Business	Yes
15	Export/import details (if applicable)	No
16	No. of employees	No
17	Details of sister concerns	Yes
18	Major suppliers	No
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 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

LITIGATION DETAILS

High Court of Calcutta - Original Side

Case Status Information System

Case Status :	Pending
Status Of :	INCOME TAX APPEAL TENDERED  133  Of  2015
Litigants :	PRINCIPAL COMMISSIONER OF INCOME TAX, CE  Vs.  RUNGTA MINES LTD.
Pet's Adv :	S. LAMBA
Res's Adv :
Last Date of Hearing :	---
Next / Final Date of Hearing :	---
Case Updated On :	Monday, September 07, 2015
Category :	INCOME TAX : REVENUE

Connected Application(s)

GA

2977

2015

GA

2976

2015

Connected Matter(s)

No Connected Cases

OUTLOOK

This company has achieved growth in its operation which has been made possible due to a strategic planning process and an intense focus on internal efficiencies and cost optimization. The Company continues to focus on improving its offerings in the market place and also increasing its footprints in the domestic as well as the international markets. Through its strong presence in the iron ore mining and the immense opportunity potential unfolding in this industry, the Company remains confident of robust growth in this segment.

GENERAL INFORMATION

Rungta Mines limited is a domiciled limited company in India and incorporated under the provisions of the Companies Act, 1956 in which public are not substantially interested. The company's main operation is mining and manufacturing. It is engaged in mining of minerals namely iron ore, manganese ore Lime stone and phyrophite. It Manufactures Sponge Iron and M.S. Billets. It also has captive power plant. The company caters to both domestic and international markets.

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	90250809	24/04/2015 *	1,000,000,000.00	CANARA BANK	JAIN MARKET, SADAR BAZAR, CHAIBASA, JHARKHAND - 8  33201, INDIA	C53596417
2	90250550	24/04/2015 *	3,300,000,000.00	CANARA BANK	JAIN MARKET, SADAR BAZAR, CHAIBASA, JHARKHAND - 8  33201, INDIA	C53591541

* Date of charge modification

FIXED ASSETS

• Building and Shed and others
• Coal Shed
• Computer and Peripherals
• Crusher and Screening Plant
• Culvert
• Cycle
• Drill Machines
• Earth Movers
• Electrical and Pipline Fitting
• Office Premises
• Flat and Building
• Furniture and Fixtures
• Internal Road
• Labour Hunting and Shed

WEBSITE DETAILS

NEWS / PRESS RELEASES

RUNGTA MINES GETS LAND FOR SUNDERGAQRH STEEL PLANT EXPANSION

02.09.2014

Rungta Mines Limited, a leading iron ore and manganese producer in the country, has been allotted 75.40 hectare (ha) land in Koira tehsil of Sundargarh district to expand its existing steel plant facility.

While allotting the land for a period of 90 years with a value of Rs 194.000 Million, Odisha Industrial Infrastructure Development Corporation of Odisha (Idco) laid down certain conditions for the company.

"The allottee shall have to start civil construction in the land within six months and commercial production within two years from the date of taking possession. Financial closure of the project shall be made within one year from the date of allotment of land," Idco said in the allotment letter.

Initially, the total land required for the project was estimated at 155 ha. While Rugta had possession of nearly 47 ha area, it had requested Idco to acquire 102 ha more on behalf of it. However, after reviewing the land need for the expansion of the integrated steel project, Idco allotted additional 75 ha area to the firm this month.

In 2005, the mining major had announced plans to develop one million tonne integrated steel plant each in Sundergarh and Dhenkanal district with combined investment of Rs 22000.000 Million, taking advantage of huge captive mine leases under its name. The Sundergarh project was an expansion plan while Jharbandh plant in Dhenkanal was a greenfield project.

The mining firm initially proposed to expand its 0.20 million tonne per annum integrated steel plant at Kamanda in Sundergarh to 0.6 mtpa, but later decided to ramp up its capacity to one million tonne a year with an estimated expenditure of Rs 10520.000 Million.

Apart from the steel plant, Rungta also plans to develop an iron ore pelletisation plant in Keonjhar district after the state government introduced a policy in 2012 of not to renew mining leases of those who do not have any end-use plant in the state. In December 2013, the firm got nod of village council to set up its 4 MTPA pellet plant in Keonjhar.

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 :	PPT
Analysis Done by :	KAR
Report Prepared by :	SNT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	8
PAID-UP CAPITAL	1~10	8
OPERATING SCALE	1~10	8
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	8
--PROFITABILITY	1~10	8
--LIQUIDITY	1~10	7
--LEVERAGE	1~10	7
--RESERVES	1~10	8
--CREDIT LINES	1~10	8
--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	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		72

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.