MIRA INFORM REPORT

Report No. :	502045
Report Date :	10.04.2018

IDENTIFICATION DETAILS

Name :	CABLE CORPORATION OF INDIA LIMITED
Registered Office :	Laxmi Building, 6, Shoorji Vallabhdas Marge, 4^th Floor, Ballard Estate, Mumbai – 400001, Maharashtra
Tel. No.:	91-22-66144000
Country :	India
Financials (as on) :	31.03.2017
Date of Incorporation :	01.11.1957
Com. Reg. No.:	11-010964
Capital Investment / Paid-up Capital :	INR 772.866 Million
CIN No.: [Company Identification No.]	U31300MH1957PLC010964
IEC No.: [Import-Export Code No.]	0388059133
GSTN : [Goods & Service Tax Registration No.]	27AAACC2936J1ZO
TIN No.:	27980261115
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAACC2936J
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacture of other electronic and electric wires and cables (insulated wire and cable made of steel, copper, aluminium). Real estate activities with own or leased property. [Registered Activity]
No. of Employees :	Information denied by the management

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

B

Credit Rating	Explanation	Rating Comments
B	Medium Risk	Business dealings permissible on a regular monitoring basis

Status :	Moderate
Payment Behaviour :	Slow and delayed
Litigation :	Exists
Comments :	Subject was incorporated in the year 1957. It is a subsidiary of Future Deal Properties Private Limited. The company is a manufacturer of electric cables. As per the financial of 2017, the company has reported a decline in its revenue as compared to the previous year and has incurred operational losses. The company possesses moderate financial position marked by negative reserve base along with modest debt balance sheet profile. Subject was been found under RBI defaulter’s list the name of the credit grantor are The Bank of Scotia and the amount charged is INR 112.800 million dated 31.03.02 and ICICI Bank Limited and the amount charged is INR 50.000 million dated 30.09.02 and latest updates about the same are not available. As per the indirect sources we found that there were delays in debt servicing till October, 2017. During FY18 the company received significant funds from the group associate which was utilized towards regularization of delay in debt servicing in working capital bank borrowings and part payment of term debt obligations. Business is active. Payment seems to be slow and delayed. In view of aforesaid, the company can be considered for business dealings on safe and secured trade terms and condition.

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

Country Name	Previous Rating (30.09.2017)	Current Rating (31.12.2017)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	D

EXTERNAL AGENCY RATING

Rating Agency Name	CARE
Rating	Long term loans = BB
Rating Explanation	Moderate risk of default
Date	04.04.2018
Rating Agency Name	CARE
Rating	Short term loans = A4
Rating Explanation	Minimal degree of safety and very high credit risk
Date	04.04.2018

RBI DEFAULTERS’ LIST STATUS

Subject’s name has been found enlisted as a defaulter in the publicly available RBI Defaulters’ list and the details of the same are as under:

Borrowers’ Name :	CABLE CORPORATION OF INDIA LIMITED
Address :	Laxmi Building, 6, Shoorji Vallabhdas Marge, 4^th Floor, Ballard Estate, Mumbai – 400001, Maharashtra, India
Name of Individual :	D E Udmadia H S Billimora Hiten Khatau K Khatau M L Bhakta Maitreya Doshi N H Khatau U Mahesh Rao Y C Amin
Name of Credit Grantors / Bank & Branch:	The Bank of Nova Scotia
Amount (INR In Millions) :	INR 112.800 Million

Borrowers’ Name :	CABLE CORPORATION OF INDIA LIMITED
Address :	Laxmi Building, 6, Shoorji Vallabhdas Marge, 4^th Floor, Ballard Estate, Mumbai – 400001, Maharashtra, India
Name of Individual :	D E Udmadia H S Billimora Hiten Khatau K Khatau M L Bhakta Maitreya Doshi N H Khatau U Mahesh Rao Y C Amin
Name of Credit Grantors / Bank & Branch:	ICICI Bank Limited
Amount (INR In Millions) :	INR 50.000 Million

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 31-03-2018.

BIFR (Board for Industrial & Financial Reconstruction) LISTING STATUS

Subject’s name is not listed as a Sick Unit in the publicly available BIFR (Board for Industrial & Financial Reconstruction) list as of 10.04.2018.

IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS

Subject’s name is not listed in the publicly available IBBI (Insolvency and Bankruptcy Board of India) list as of report date.

INFORMATION DENIED

MANAGEMENT NON-COOPERATIVE (Tel. No.:91-22-66144000)

Tel. No.: 91-2551-30328/ 30329 (Number is continuously ringing)

LOCATIONS

Registered Office/ Western Region Office / Head Office :	Laxmi Building, 6, Shoorji Vallabhdas Marge, 4th Floor, Ballard Estate, Mumbai – 400001, Maharashtra, India
Tel. No.:	91-22-66144000
Fax No.:	91-22-66144113/ 4114
E-Mail :	manoj.patil@cablecorporation.com pranali.more@cablecorporation.com wr@cablecorporation.com
Website :	http://www.cablecorporation.com
Factory 1 :	Plot No. F-3/1, M.I.D.C., Sinnar Industrial Area, Malegaon, District Nashik – 422103, Maharashtra, India
Tel. No.:	91-2551-30328/ 30329
Fax No.:	91-2551-30038
Factory 2 :	Plot No. F-3/2, M.I.D.C., Sinnar Industrial Area, Malegaon, District Nashik – 422103, Maharashtra, India
Tel. No.:	91-2551-230194
Regional Offices :	Eastern Region 94, Regent Place PS, Jadavpur, Near Ranikuthi Water Tank, Kolkata, West Bengal, India E-Mail: ccier@cablecorporation.com Northern Region 703, 7th Floor, JMD Mega Polis Tower D, Sohna Road, Gurugram-122001 , Haryana, India Tel. No.: 91-124-4995297 / 4995298 E-Mail: ccinr@cablecorporation.com Southern Region Temple Tower, 7^th Floor, 672, Anna Salai, Nandanam, Chennai – 600035, Tamilnadu, India
	Tel. No.: 91-44-24359916 / 24343217 Fax No.: 91-44-24343217 E-Mail: sr@cablecorporation.com

DIRECTORS

AS ON 31.03.2017

Name :

Mr. Rohan Hitendra Khatau

Designation :

Managing Director

Address :

Khatau Bungalow, 6, Manav Mandir Road, Malabar Hill, Mumbai - 400006, Maharashtra, India

Date of Birth/Age :

19.02.1987

Qualification :

B.Sc. , B.Eng.

Date of Appointment :

11.02.2012

DIN No.:

05191588

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U52190MH2009PTC193176	STHIR TRADING COMPANY PRIVATE LIMITED	20/02/2015	-
U45202MH2010PTC205263	GROW HIGH PROPERTIES PRIVATE LIMITED	20/02/2015	-

Name :

Mrs. Nayna Bharat Pasta

Designation :

Director

Address :

8, Shiv Aram, Dr. M.B. Raut Road, Shivaji Park, Mumbai - 400028, Maharashtra, India

Date of Birth/Age :

22.05.1951

Qualification :

C. A.

Date of Appointment :

27.05.2002

DIN No.:

00122396

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U17231MH1941PTC003281	KHATAU INDUSTRIES PRIVATE LIMITED	30/03/1996	-
U45200MH1996PTC100343	CHEERFUL PROPERTIES PRIVATE LIMITED	16/08/1999	-

Name :

Mr. Girish Damodar Bhingarkar

Designation :

Director

Address :

Maharaja Ashok Cooperative Housing Society Limited, Gandhigram Road, Juhu, Mumbai - 400049, Maharashtra, India

Date of Birth/Age :

17.02.1950

Qualification :

B.A., DLW, LLM

Date of Appointment :

30.09.2015

DIN No.:

00256340

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U01100ML2017PTC013634	BYRON LIVESTOCK PRIVATE LIMITED	10/07/2017	-

Name :

Mr. Jayant Govindrao Kulkarni

Designation :

Director

Address :

2, Datta Kunj, Anand Nagar, Gangapur Road, Nashik-422005, Maharashtra, India

Date of Birth/Age :

27.10.1954

Qualification :

Graduate

Date of Appointment :

05.01.2017

PAN No.:

ACXPK5564C

DIN No.:

00348942

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U25209MH1991PLC060602	KRYFS POWER COMPONENTS LIMITED	17/03/2017	-
U31900MH2010PLC209840	CG-ZIV POWER AUTOMATION SOLUTIONS LIMITED	09/06/2011	-

Name :

Mr. Abhijit Datta

Designation :

Director

Address :

27A, Tower 4, South City, 375, Prince Anwar Shah Road, Kolkata - 700068, West Bengal, India

Date of Birth/Age :

01.06.1949

Date of Appointment :

31.10.2009

DIN No.:

00790029

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
L51909WB1983PLC036542	BENGAL TEA & FABRICS LTD	31/07/2010	-
L45400WB2008PLC121426	EMAMI INFRASTRUCTURE LIMITED	12/08/2013	-
L45200MH1989PLC050688	HUBTOWN LIMITED	07/11/2012	-
L24239WB1919PLC136397	ZANDU REALTY LIMITED	12/08/2013	-

Name :

Mr. Hiten Abhay Khatau

Designation :

Director

Address :

Khatau Bunglow, 6, Manav Mandir Road, Malabar Hill, Mumbai - 400006, Maharashtra, India

Date of Birth/Age :

19.06.1958

Date of Appointment :

01.10.2006

DIN No.:

00121931

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U51109MH1936PTC002522	MULRAJ KHATAU AND SONS PRIVATE LIMITED	28/03/1983	-
U24100MH1949PTC007910	KHATAU MAKANJI AND COMPANY PRIVATE LIMITED	12/08/1986	-
U45400MH2010PTC204410	GREAT VIEW PROPERTIES PRIVATE LIMITED	17/09/2010	-
U45202MH2010PTC205263	GROW HIGH PROPERTIES PRIVATE LIMITED	17/09/2010	-

Name :

Mr. Chakravarthi Sundarashyam

Designation :

Nominee Director

Address :

202, Sri Anita Apartments, 2-2-20/B/12, D.D. Colony, Bagh Amberpet, Hyderabad-500013, Telangana, India

Date of Birth/Age :

02.01.1945

Qualification :

M.B.A. with Financial Management and Bachelor of Law (LL.B.), with Banking Law

Date of Appointment :

01.12.2006

DIN No.:

00358052

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U51505PN1976PLC151160	SHREEM ELECTRIC LIMITED	30/09/2011	-

KEY EXECUTIVES

Name :	Mr. Trilochan Kalandi Sar
Designation :	Chief Financial Officer
Address :	C305, Pearl Drop Ge Gardens, LBS Marg, Kanjur Marg (West), Mumbai-400078, Maharashtra, India
Date of Appointment :	17.10.2017
PAN No.:	ADLPS3264J

MAJOR SHAREHOLDERS

AS ON 31.03.2017

NOTE: SHAREHOLDING DETAILS FILE ATTACHED

AS ON 28.09.2017

Equity Share Break up	Percentage
Category
Promoters - Individual/Hindu Undivided Family – Indian	0.06
Promoters - Individual/Hindu Undivided Family – Non-resident Indian (NRI)	0.09
Promoters - Bodies corporate	92.51
Public/Other than promoters - Individual/Hindu Undivided Family – Indian	4.55
Public/Other than promoters - Individual/Hindu Undivided Family - Non-resident Indian (NRI)	0.12
Public/Other than promoters - Insurance companies	1.91
Public/Other than promoters - Banks	0.11
Public/Other than promoters - Mutual funds	0.06
Public/Other than promoters - Bodies corporate	0.46
Public/Other than promoters – Others (OCB, Trust, Clearing Members)	0.13
Total	100.00

BUSINESS DETAILS

Line of Business :

• Manufacture of other electronic and electric wires and cables (insulated wire and cable made of steel, copper, aluminium).

• Real estate activities with own or leased property.

[Registered Activity]

Products / Services :

NIC Code No.	Product Description
27320	Manufacture of other electronic and electric wires and cables (insulated wire and cable made of steel, copper, aluminium)
68100	Real estate activities with own or leased property

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 :	--
Contact No.:	--
Since How Long Known :	--
Maximum Limit Dealt :	--
Experience :	--
Remark :	--

Customers :

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

No. of Employees :

Information denied by the management

Bankers :

Bank Name	State Bank of India
Branch	Commercial Branch, Atlanta, Nariman Point, Mumbai-400023, Maharashtra, India
Person Name (With Designation)	--
Contact Number	--
Name of Account Holder	--
Account Number	--
Account Since (Date/Year of Account Opening)	--
Average Balance Maintained (If Possible)	--
Credit Facilities Enjoyed (If any)	--
Account Operation	--
Remarks (If any)	--

Facilities :

SECURED LOANS	31.03.2017 INR In Million	31.03.2016 INR In Million
LONG TERM BORROWINGS
Term loans from banks	569.700	798.300
SHORT TERM BORROWINGS
Working capital loans from banks	574.700	508.200
Total	1144.400	1306.500

Auditors :
Name :	Sorab S Engineer and Company Chartered Accountants
Address :	Ismail Building, 381, Dr. D.N. Road, Fort, Mumbai, Maharashtra, India
PAN No.:	AAAFS5191E
Memberships :	Not Available
Collaborators :	Not Available
Holding Company :	Future Deal Properties Private Limited, India CIN No.: U45203MH2010PTC204571
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives :	Premjyot Finvest and Trading Limited, India CIN No.: U67120MH1992PLC068701 CCI Projects Private Limited, India CIN No.: U70102MH2000PTC128732

CAPITAL STRUCTURE

AS ON 28.09.2017

Authorised Capital :

No. of Shares	Type	Value	Amount
77410000	Equity Shares	INR 10/- each	INR 774.100 Million
14590000	Preference Shares	INR 10/- each	INR 145.900 Million
	Total		INR 920.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
77286550	Equity Shares	INR 10/- each	INR 772.866 Million

FINANCIAL DATA

[all figures are INR Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2017	31.03.2016	31.03.2015
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	772.866	772.866	772.866
(b) Reserves and Surplus	(208.800)	15.100	403.300
(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)	564.066	787.966	1176.166
(3) Non-Current Liabilities
(a) long-term borrowings	617.900	860.700	943.500
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long-term liabilities	167.500	87.500	72.500
(d) long-term provisions	16.900	14.400	13.500
Total Non-current Liabilities (3)	802.300	962.600	1029.500
(4) Current Liabilities
(a) Short-term borrowings	624.300	537.800	387.500
(b) Trade payables	398.900	375.300	200.700
(c) Other current liabilities	763.900	512.100	353.600
(d) Short-term provisions	3.800	3.400	2.000
Total Current Liabilities (4)	1790.900	1428.600	943.800
TOTAL	3157.266	3179.166	3149.466
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	1080.200	1159.900	1248.500
(ii) Intangible Assets	1.200	0.000	0.000
(iii) Tangible assets capital work-in-progress	15.600	15.300	14.300
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	573.500	573.500	573.500
(c) Deferred tax assets (net)	74.300	74.300	74.300
(d) Long-term loans and advances	206.800	200.900	194.900
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	1951.600	2023.900	2105.500
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	149.000	218.800	207.500
(c) Trade receivables	736.700	597.400	515.400
(d) Cash and bank balances	134.100	154.900	108.100
(e) Short-term loans and advances	183.300	180.800	210.700
(f) Other current assets	2.566	3.366	2.266
Total Current Assets	1205.666	1155.266	1043.966
TOTAL	3157.266	3179.166	3149.466

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2017	31.03.2016	31.03.2015
	SALES
	Total Revenue from operations	1068.000	1377.800	982.500
	Other Income	29.300	35.900	182.500
	TOTAL	1097.300	1413.700	1165.000
Less	EXPENSES
	Cost of Materials Consumed	464.500	875.800	515.400
	Purchases of Stock-in-Trade	73.300	112.100	181.700
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	49.800	12.000	(47.400)
	Employee benefit expense	125.800	126.200	104.500
	Other expenses	231.400	318.900	221.300
	TOTAL	944.800	1445.000	975.500
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	152.500	(31.300)	189.500
Less	FINANCIAL EXPENSES	303.900	267.700	214.000
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	(151.400)	(299.000)	(24.500)
Less	DEPRECIATION/ AMORTISATION	72.500	89.200	93.600
	PROFIT/ (LOSS) BEFORE TAX	(223.900)	(388.200)	(118.100)
Less	TAX	0.000	0.000	0.000
	PROFIT/ (LOSS) AFTER TAX	(223.900)	(388.200)	(118.100)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD	(1490.100)	(1101.900)	(1030.000)
Add	Other additions to reserves	0.000	0.000	46.200
	Balance Carried to the B/S	(1714.000)	(1490.100)	(1101.900)
	EARNINGS IN FOREIGN CURRENCY
	F.O.B. Value of Exports	0.000	19.900	20.000
	TOTAL EARNINGS	0.000	19.900	20.000
	IMPORTS
	Raw Materials	54.100	145.700	57.400
	Components and spare parts	6.800	22.300	44.300
	Capital Goods	0.500	0.900	0.000
	TOTAL IMPORTS	61.400	168.900	101.700
	Earnings / (Loss) Per Share (INR)	(2.90)	(5.02)	(1.53)

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2017	31.03.2016	31.03.2015
Current Maturities of Long term debt	386.000	295.700	123.200
Net cash flows from (used in) operations	379.000	266.300	(224.800)
Net cash flows from (used in) operating activities	370.100	256.900	(179.500)

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Average Collection Days (Sundry Debtors / Income * 365)	251.77	158.26	191.47
Account Receivables Turnover (Income / Sunday Debtors)	1.45	2.31	1.91
Average Payment Days (Sundry Creditors / Purchases * 365 Days)	270.73	138.66	105.09
Inventory Turnover (Operating Income / Inventories)	1.02	(0.14)	0.91
Asset Turnover (Operating Income / Net Fixed Assets)	0.14	(0.03)	0.15

LEVERAGE RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	0.89	0.81	0.64
Debt Equity Ratio (Total Liability / Networth)	2.89	2.15	1.24
Current Liabilities to Networth (Current Liabilities / Net Worth)	3.17	1.81	0.80
Fixed Assets to Networth (Net Fixed Assets / Networth)	1.94	1.49	1.07
Interest Coverage Ratio (PBIT / Financial Charges)	0.50	(0.12)	0.89

PROFITABILITY RATIOS

PARTICULARS		31.03.2017	31.03.2016	31.03.2015
Net Profit Margin [(PAT / Sales) * 100]	%	(20.96)	(28.18)	(12.02)
Return on Total Assets ((PAT / Total Assets) * 100)	%	(7.09)	(12.21)	(3.75)
Return on Investment (ROI) ((PAT / Networth) * 100)	%	(39.69)	(49.27)	(10.04)

SOLVENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Current Ratio (Current Assets / Current Liabilities)	0.67	0.81	1.11
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	0.59	0.66	0.89
G-Score Ratio Financial (Networth / Total Assets)	0.18	0.25	0.37
G-Score Ratio Debt (Debts / Equity Capital)	2.11	2.19	1.88
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	0.67	0.81	1.11

Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts

FINANCIAL ANALYSIS

[all figures are INR Million]

DEBT EQUITY RATIO

Particular	31.03.2015	31.03.2016	31.03.2017
	(INR In Million)	(INR In Million)	(INR In Million)
Share Capital	772.866	772.866	772.866
Reserves & Surplus	403.300	15.100	(208.800)
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	1176.166	787.966	564.066
Long-term borrowings	943.500	860.700	617.900
Short term borrowings	387.500	537.800	624.300
Current maturities of long-term debts	123.200	295.700	386.000
Total borrowings	1454.200	1694.200	1628.200
Debt/Equity ratio	1.236	2.150	2.887

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2015	31.03.2016	31.03.2017
	(INR In Million)	(INR In Million)	(INR In Million)
Sales	982.500	1377.800	1068.000
		40.234	(22.485)

NET PROFIT MARGIN

Net Profit Margin	31.03.2015	31.03.2016	31.03.2017
	(INR In Million)	(INR In Million)	(INR In Million)
Sales	982.500	1377.800	1068.000
Profit/ (Loss)	(118.100)	(388.200)	(223.900)
	(12.02%)	(28.18%)	(20.96%)

LEGAL CASE

High court

PR.COMMISSIONER OF INCOME TAX2 VS MS CABLE CORPORATION OF INDIA LTD Case No.ITA77582011 Assessment Year

high court-Mum

Case no:1143.ITXA/469/2015

Case status:Pending

Judge:HON'BLE SHRI JUSTICE M.S. SANKLECHAHON'BLE SHRI JUSTICE G. S. KULKARNI

Date:2015-12-21T00:00:00Z

High court

BNP PARIBAS SECURITIES IN DIA PVT. LTD. VS CABLE CORPORATION OF INDIA LTD. BY PRAECIPE ON 17072012.AFF.IN ON 15092012.

high court-Mumbai

Case no:932. ARBAP/212/2012

Case status:Pending

Judge:HON'BLE SHRI JUSTICE S.J. KATHAWALLA

Date:2012-12-10T00:00:00Z

High court

BNP PARIBAS SECURITIES IN DIA PVT. LTD. VS CABLE CORPORATION OF INDIA LTD. FOR HEARING AND FINAL VAZIFDAR J. ORDER DTD. CHAMBER SUMMONS

high court-Mumbai

Case no:20. ARBPST/1237/2011

Case status:Pending

Judge:REGISTRAR(JUDICIAL II [FA])

Date:2011-12-14T00:00:00Z

High court

BNP PARIBAS SECURITIES IN DIA PVT. LTD. VS CABLE CORPORATION OF INDIA LTD. REPLY DTD.14092012 FILED

high court-Mumbai

Case no:ARBAP/212/2012

Case status:Pending

Judge:ADDL.REGISTRAR(OS)/ADDL. PROTHO. & SR. MASTER

Date:2013-01-23T00:00:00Z

High court

BNP PARIBAS SECURITIES IN DIA PVT. LTD. VS CABLE CORPORATION OF INDIA LTD. FOR HEARING AND FINAL VAZIFDAR J. ORDER DTD. NOTICE OF MOTION

high court-Mumbai

Case no:51. ARBP/1010/2011

Case status:Pending

Judge:BEFORE MRS. A. A. UPADHYE,MASTER & REGISTRAR IN EQUITY AND

Date:2011-12-22T00:00:00Z

High court

BNP PARIBAS SECURITIES IN DIA PVT. LTD. VS CABLE CORPORATION OF INDIA LTD. FOR HEARING AND FINAL VAZIFDAR J. ORDER DTD. CHAMBER SUMMONS

high court-Mumbai

Case no:20. ARBPL/1237/2011

Case status:Pending

Judge:REGISTRAR(OS)/PROTHONOTARY & SR. MASTER

Date:2011-12-14T00:00:00Z

High court

BNP PARIBAS SECURITIES IN DIA PVT. LTD. VS CABLE CORPORATION OF INDIA LTD. FOR HEARING AND FINAL VAZIFDAR J. ORDER DTD. ON 19122011.AFF.IN REJOINDER

high court-Mumbai

Case no:70. ARBP/1010/2011

Case status:Pending

Judge:BEFORE MRS. A. A. UPADHYE,MASTER & REGISTRAR IN EQUITY AND

Date:2012-01-16T00:00:00Z

High court

BNP PARIBAS SECURITIES IN DIA PVT. LTD. VS CABLE CORPORATION OF INDIA LTD. FOR HEARING AND FINAL VAZIFDAR J. ORDER DTD. ON 19122011.AFF.IN REJOINDER

high court-Mumbai

Case no:79. ARBP/1010/2011

Case status:Pending

Judge:BEFORE MRS. A. A. UPADHYE,MASTER & REGISTRAR IN EQUITY AND

Date:2012-01-23T00:00:00Z

High court

BNP PARIBAS SECURITIES IN DIA PVT. LTD. VS CABLE CORPORATION OF INDIA LTD. BY PRAECIPE ON 17072012.AFF.IN ON 15092012. FOR DIRECTION

high court-Mumbai

Case no:904. ARBAP/212/2012

Case status:Pending

Judge:HON'BLE SHRI JUSTICE R.D. DHANUKA

Date:2012-10-20T00:00:00Z

High court

BNP PARIBAS SECURITIES IN DIA PVT. LTD. VS CABLE CORPORATION OF INDIA LTD. FOR HEARING AND FINAL VAZIFDAR J. ORDER DTD. ON 19122011.AFF.IN REJOINDER NO.9 FOR HEARING & FINAL

high court-Mumbai

Case no:926. ARBP/1010/2011

Case status:Pending

Judge:HON'BLE SHRI JUSTICE S.J. KATHAWALLA

Date:2012-03-15T00:00:00Z

High court

BNP PARIBAS SECURITIES IN DIA PVT. LTD. VS CABLE CORPORATION OF INDIA LTD. FOR HEARING AND FINAL VAZIFDAR J. ORDER DTD. ON 19122011.AFF.IN REJOINDER NO.9

high court-Mumbai

Case no:906. ARBP/1010/2011

Case status:Pending

Judge:HON'BLE SMT. JUSTICE R. S. DALVI

Date:2012-04-05T00:00:00Z

High court

BNP PARIBAS SECURITIES IN DIA PVT. LTD. VS CABLE CORPORATION OF INDIA LTD. FOR HEARING AND FINAL VAZIFDAR J. ORDER DTD. ON 19122011.AFF.IN REJOINDER NO.9 ARBP FOR

high court-Mumbai

Case no:30. ARBP/1010/2011

Case status:Pending

Judge:REGISTRAR(JUDICIAL II [SA])

Date:2012-03-05T00:00:00Z

High court

BNP PARIBAS SECURITIES IN DIA PVT. LTD. VS CABLE CORPORATION OF INDIA LTD. FOR HEARING AND FINAL VAZIFDAR J. ORDER DTD. ON 19122011.AFF.IN REJOINDER NO.9

high court-Mumbai

Case no:925. ARBP/1010/2011

Case status:Pending

Judge:HON'BLE SHRI JUSTICE A.S. OKA

Date:2012-02-24T00:00:00Z

High court

BNP PARIBAS SECURITIES IN DIA PVT. LTD. VS CABLE CORPORATION OF INDIA LTD. 3.00 P.M. PLACED FOR HEARING PER SHRI S.J. VAZIFDAR DTD..122011 FILED ON SECTION NO.9

high court-Mumbai

Case no:ARBP/1010/2011

Case status:Pending

Judge:REGISTRAR (JUDICIAL - I [WP])

Date:2012-07-05T00:00:00Z

High court

COMMISSIONER OF INCOME TA X MUMBAI VS CABLE CORPORATION OF INDIA LTD MUMBAI

high court-Maharashtra

Case no:ITR/18/2002 [Original] REMARK : BOOKS NOT FILED. AFFIDAVIT OF SERVICE NOT FILED. TRIBUNAL PAPERS

Case status:Pending

Judge:HON'BLE SHRI JUSTICE M.S. SANKLECHA HON'BLE SHRI JUSTICE S.C. GUPTE

Date:2016/09/30

High court

PR.COMMISSIONER OF INCOME VS MS CABLE CORPORATION OF INDIA LTD Assessment Year 20052006.

high court-Maharashtra

Case no:ITXA/469/2015 REMARK : NOT BEFORE HONOURABLE SHRI JUSTICE S.C. DHARMADHIKARI Lower Court Details : Case No.-ITA/7758/2011, Decision Dt.-12/11/2014,

Case status:Pending

Judge:HON'BLE SHRI JUSTICE M.S. SANKLECHA HON'BLE SHRI JUSTICE RIYAZ IQBAL CHAGLA

Date:2017-12-11

High court

PR.COMMISSIONER OF INCOME VS MS CABLE CORPORATION OF INDIA LTD Assessment Year 20052006.

high court-Maharashtra

Case no:ITXA/469/2015 Lower Court Details : Case No.-ITA/7758/2011, Decision Dt.-12/11/2014,

Case status:Pending

Judge:HON'BLE SHRI JUSTICE S.V. GANGAPURWALA HON'BLE SHRI JUSTICE A.M. BADAR

Date:2017-08-01

High court

EQUITAS MICRO FINANCE PVT . LTD. FORMERLY SINGHIVI VS CABLE CORPORATION OF INDIA LTD. CIN NO. L31300

high court-Maharashtra

Case no:CP/645/2015 [Original] REMARK : == ADMITTED ON 14/02/2017 ===CP LAST PAGE 40. ACCEPTED ON 14/07/2015.

Case status:Pending

Judge:HONBLE SHRI JUSTICE B.P.COLABAWALLA. = AFFIDAVIT

Date:2017/04/17

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	Yes
33	Market information	--
34	Payments terms	No
35	Negative Reporting by Auditors in the Annual Report	No

OPERATIONS

During the year, the revenue from operations of the Company was INR 1068.000 Million compared to INR 1377.800 Million in the previous year. Even though the power sector in India has seen remarkable transformation in recent years in the area of generation, the major obstacle on the way is the failure of the transmission sector to adapt to the rapid changes occurring in the system, which lead to slow growth of the industry during the year. However, the industry is expecting recovery and gear-up in the coming year. The increased competition from unorganized players, increase in operating cost, stringent changes in Government policies like Demonetization impacted recovery cycle of the entire industry and of the whole country, which affected Company’s working capital requirement tremendously. In addition, delayed payments from Creditors affected Company’s cash flow adversely.

Further, unfavorable situation and political disturbances in the State of Jammu and Kashmir lead to postponement of one of their major projects in those areas, which hampered the inflow of funds. Industrial relations remained cordial during the year.

CURRENT YEAR’S OUTLOOK AND FUTURE PROSPECTS

EHV cables are used in transmission and with the anticipated explosion in growth in transmission infrastructure, the demand for EHV cables is expected to grow. EHV cables are used in urban areas only when there is no possibility of using overhead lines. With the development and expansion of infrastructure in rural areas proposed by the Government, demand for high voltage cables is expected. Hence the outlook for the current year is encouraging and new projects being taken up by State and Central Utilities, the cable requirement is likely to go up which is evident from the increase in enquiry bank.

The Company has maintained consistencies in its product quality. The demand for Extra High Voltage cable in the current scenario of the marke is still high due to space constraints to underground cable transmission network projects. In this case also, despite of increase in demand and good enquiry bank, there is stiff competition with local as well as international players.

UNSECURED LOANS:

PARTICULAR	31.03.2017 INR In Million	31.03.2016 INR In Million
Long-term Borrowings
Deferred payment liabilities	30.300	44.900
Loans and advances from related parties	17.900	17.500
Short-term borrowings
Intercorporate borrowings	49.600	29.600
Total	97.800	92.000

INDEX OF CHARGE:

SNo	SRN	Charge Id	Charge Holder Name	Date of Creation	Date of Modification	Date of Satisfaction	Amount	Address
1	G74067752	100141685	INDIABULLS HOUSING FINANCE LIMITED	30/11/2017	30/11/2017	-	5500000000.0	M - 62 and 63, First Floor, Connaught Place, New Delhi-110001, India
2	G27910678	100063118	AMBIT FINVEST PRIVATE LIMITED	20/10/2016	-	-	170000000.0	Ambit House, 449, Senapati Bapat Marg, Lower Parel, Mumbai-400013, Maharashtra, India
3	C60896941	10584200	State Bank of Patiala	13/07/2015	-	-	70000000.0	Atlanta, 1^st Floor, Jamnalal Bajaj Marg, Nariman Point, Mumbai-400021, Maharashtra, India
4	C32233033	10529080	HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED	16/09/2014	-	-	200000000.0	Ramon House 169, Backbay Reclamation, H T Parekh Marg, Mumbai-400020, Maharashtra, India
5	A44493021	10119300	STATE BANK OF PATIALA	11/07/2008	-	-	120000000.0	Commercial Branch, Atlanta, Nariman Point, Mumbai-400023, In Maharashtra, India
6	A44492650	10035894	STATE BANK OF PATIALA	25/01/2007	11/07/2008	-	270000000.0	Commercial Branch, Atlanta, Nariman Point, Mumbai-400023, In Maharashtra, India
7	C35046259	80023750	State Bank of India	27/01/2003	16/10/2014	-	1388500000.0	Commercial Branch, Atlanta, Nariman Point, Mumbai-400023, In Maharashtra, India
8	A68221563	90239499	STATE BANK OF INDIA	25/04/1990	30/07/2009	-	1838500000.0	Commercial Branch, Atlanta, Nariman Point, Mumbai-400023, In Maharashtra, India
9	G62066345	10401904	HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED	30/01/2013	11/02/2015	09/11/2017	2350000000.0	Ramon House 169, Backbay Reclamation, H T Parekh Marg, Mumbai-400020, Maharashtra, India
10	G69115509	10557381	State Bank of India	31/01/2015	-	09/11/2017	900000000.0	Commercial Branch, Atlanta, Nariman Point, Mumbai-400023, In Maharashtra, India

FIXED ASSETS:

• Land
• Building
• Plant and equipment
• Furniture and Fixture
• Computer
• Vehicles

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 records 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 records 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	INR
US Dollar	1	INR 64.93
UK Pound	1	INR 91.50
Euro	1	INR 79.69

INFORMATION DETAILS

Information Gathered by :	SHW
Analysis Done by :	NYT
Report Prepared by :	BHG

SCORE FACTORS

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

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

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 are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

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.