MIRA INFORM REPORT

Report No. :	495208
Report Date :	05.03.2018

IDENTIFICATION DETAILS

Name :	METALKRAFT FORMING INDUSTRIES PRIVATE LIMITED
Formerly Known As :	METALKRAFT ROLL FORMING INDUSTRIES
Registered Office :	Plot No. 13, Phase IV Extension, IDA, Pashamylaram, Patancheru, Godavari, Medak (West) – 502307, Telangana
Tel. No.:	91-40-29802748 / 8455-224059 / 89 /99
Country :	India
Financials (as on) :	31.03.2016
Date of Incorporation :	17.05.2013
Com. Reg. No.:	36-087704
Capital Investment / Paid-up Capital :	INR 131.896 Million
CIN No.: [Company Identification No.]	U27100TG2013PTC087704
IEC No.: [Import-Export Code No.]	Not Applicable (As informed by the management that firm does not have export and import)
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAICM6286H
GSTN : [Goods & Service Tax Registration No.]	36AAICM6286H1Z1
Legal Form :	Private Limited Liability Company.
Line of Business :	The company is engaged in Manufacturing of Steel Cold Roll Formed Sections activities. (Registered activity and also Confirmed by management)
No. of Employees :	100 (Approximately)

RATING & COMMENTS

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

MIRA’s Rating :

A

Credit Rating	Explanation	Rating Comments
A	Acceptable Risk	Business dealings permissible with moderate risk of default

Status :	Satisfactory
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject was established in the year proprietorship concern in the year 2002 and then converted as private limited in the name of ‘Metalkraft Forming Industries Private Limited' in the year 2013. It is a manufacturer of cold-roll formed and steel products. Management has failed to file its latest financial with the Government Registry. As per available financials of March 2016, the company has registered a growth of 25.08% in its revenue as compared to its previous year’s revenue and has reported average profit margin of 3.33% under review. Rating takes into consideration the company’s satisfactory track record of business operations marked by sound net worth base along with comfortable debt coverage and decent liquidity position. Rating continuous to reflect strength from its longstanding industry experience of its promoters and its established customer relationships. Further, the company has reported earnings per share of INR 9.44 against its face value of INR 10. However, rating strength is partially offset by susceptibility to volatility in raw material prices, limited pricing flexibility and exposure to intense competition in the fragmented cold roll forming industry. Payments seems to be slow but correct. In view of aforesaid, the company can be considered for 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

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	CRISIL
Rating	Long Term Rating = BBB
Rating Explanation	Moderate degree of safety and moderate credit risk.
Date	12.02.2018

Rating Agency Name	CRISIL
Rating	Short Term Rating = A3+
Rating Explanation	Moderate degree of safety and high credit risk.
Date	12.02.2018

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 31-03-2016.

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 05.03.2018

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 PARTED BY

Name :	Mr. Eshwar Rao
Designation :	Deputy Finance Manager
Contact No.:	91-9848810471
Date :	01.03.2018

LOCATIONS

Registered Office / Factory 1 :	Plot No. 13, Phase IV Extension, IDA, Pashamylaram, Patancheru, Godavari, Medak (West) – 502307, Telangana, India
Tel. No.:	91-40-29802748 / 8455-224059 / 89 /99
Mobile No.:	91-9848810471 (Mr. Eshwar Rao) 91-8498060903 (Mr. B. S. Gautam) 91-9967955330 (Mr. Ajay Shirke) 91-9948472244 (Mr. Srinivas.Pathi) 91-9444443485 (Mr. V.Soundararajan)
Fax No.:	Not Available
E-Mail :	ravivarma@metalkraft.in vsrajan@metalkraft.in enquiry@metalkraft.in srinivaspathi@metalkraft.in vsrajan@metalkraft.in ravivarma@metalkraft.in eswar@metalkraft.in
Website :	http://www.metalkraft.in
Location :	Owned
Locality :	Commercial
Factory 2 :	Plot No. 20-A, Sy. No. 94, Doddaballahpur Industrial Area, Veerapura Village, Kasaba Hobli, Bangalore – 561203, Karnataka, India
Regional Office - Central and Corporate :	# 718, 7^th Floor, Manjira Majestic Commercial, J N T U - Hitech City Road, Kukatpally, Hyderabad- 500085, Telangana, India
E-Mail :	gautham@metalkraft.in
Regional Office - South :	G-5, Real Enclave, 43/22, Josier Street, Nungambakkam, Chennai - 600034, Tamilnadu, India
Tel. No.:	91-44-45590374
Mobile No.:	91-9444920483 (Mr. S. Rajagopalan)
E-Mail :	sraj@metalkraft.in
Regional Office - North :	148, Vardhaman Sunrise Plaza, # 1, Local Shopping Centre, Vasundhra Enclave, Delhi – 110096, India
Mobile No.:	91-8800133344 (Mr. A. Mishra)
E-Mail :	amishra_70@hotmail.com
Regional Office - West :	# 402, OM Mangalmurthi, Noorie Baba Dargah Road, Makhmali Talao, Chandanwadi, Thane - 400602, Maharashtra, India
Mobile No.:	91-9967955330
E-Mail :	ajayshirke@metalkraft.in

DIRECTORS

As on 31.03.2017

Name :

Mr. Gadhi Sridhar Raju

Designation :

Director

Address :

6-3-663/G/102 Panjagutta, Hyderabad – 500082, Andhra Pradesh, India

Date of Birth/Age :

01.06.1971

Date of Appointment :

17.05.2013

PAN No.:

ASQPG1066N

DIN No.:

00214186

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U45200TG2006PTC049828	NEUV PRIVATE LIMITED	14/04/2006	-
U55101TG2006PTC049829	PARADIGM INNS PRIVATE LIMITED	14/04/2006	-
U70102TG2008PTC060786	PARADIGM KNOWLEDGE VENTURES PRIVATE LIMITED	28/08/2008	-
U72200TG2009PTC063892	EGRAM IT SERVICES PRIVATE LIMITED	05/06/2009	-
U55101TG2010PTC066949	WAVELENGTH HOSPITALITY PRIVATE LIMITED	09/02/2010	-
U72200TG2002PTC040141	E CENTRIC SOLUTIONS PRIVATE LIMITED	12/10/2005	-
U63023TG2002PTC038832	SRI PANCHAJANYA WAREHOUSING PRIVATE LIMITED	04/01/2011	-
U72200TG2010PTC069209	PARADIGM CREATIVE SOLUTIONS PRIVATE LIMITED	29/06/2010	-
U72200AP1998PLC029908	LAILA INFOTECH LIMITED	05/05/2000	-
U22300TG2011PTC076032	VIBRI MEDIA PRIVATE LIMITED	30/01/2014	-
U74900TG2014PTC094736	ECENTRIC HR SOLUTIONS PRIVATE LIMITED	18/02/2015	-
U72200AP2014PTC095214	PI DATA CENTERS PRIVATE LIMITED	10/11/2014	-
U01119TG2007PTC052724	AKHILESHA AGRO FARMS PRIVATE LIMITED	17/12/2009	-
U45400TG2008PTC059247	HANSON INFRASTRUCTURE & PROJECTS PRIVATE LIMITED	30/09/2009	-
U55101AP1979PTC002458	MANASA HOTELS PRIVATE LIMITED	18/08/2007	-
U72900TG2015PTC098383	INSTASPEAK SOFTWARE PRIVATE LIMITED	08/04/2015	-
U74900TG2015PTC100241	TAXILA DIGITAL PRIVATE LIMITED	13/08/2015	-
U72200TG2015PTC100083	IQUANTELA TECHNOLOGIES PRIVATE LIMITED	06/08/2015	-
U74999AP2017FTC105980	CFOG SYSTEMS PRIVATE LIMITED	01/06/2017	-

Name :

Mr. Vijaya Venkata Ravi Varma Alluri

Designation :

Director

Address :

Flat No 303, Sai Krishna Towers, Bhagyanagar Housing Colony, K.P.H.B. Colony, Hyderabad – 500072, Andhra Pradesh, India

Date of Birth/Age :

19.06.1968

Qualification :

Diploma in Mechanical Engineering

Date of Appointment :

17.05.2013

PAN No.:

AEVPA4357F

DIN No.:

03469385

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U27100TG2011PTC075079	METALKRAFT WINDOW ACCESSORIES PRIVATE LIMITED	20/06/2011	-

Name :

Mr. Anantha Venkata Durga Prathap Raju Gadhiraju

Designation :

Director

Address :

Plot No 158, Bhagyalatha, Vanasthali Puram, Hyderabad – 500070, Andhra Pradesh, India

Date of Birth/Age :

14.08.4968

Qualification :

Diploma in Mechanical Engineering

Date of Appointment :

17.05.2013

DIN No.:

03504226

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U55101AP1979PTC002458	MANASA HOTELS PRIVATE LIMITED	15/02/2012	-
U27100TG2011PTC075079	METALKRAFT WINDOW ACCESSORIES PRIVATE LIMITED	20/06/2011	-

Name :

Mr. Chandra Sekhar Battula

Designation :

Director

Address :

H no: 3-68/205, Dalphin Vikas Plaza Huda Colony, Chanda Nagar, Rangareddy – 500050, Andhra Pradesh, India

Date of Birth/Age :

10.06.1965

Qualification :

Diploma in Mechanical Engineering

Date of Appointment :

17.05.2013

DIN No.:

06516350

KEY EXECUTIVES

Name :	Mr. Eshwar Rao
Designation :	Deputy Finance Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 31.03.2016

Names of Shareholders	No. of Shares
A.V. V. K Ravi Varma	1838709
B. Sudharani	826279
G. Sreedhar Raju	2646627
G.A.V.D Prathap Raju	1019395
Chandra Sekhar	633
Total	6331643

4% Redeemable Non Cumulative Not Participative Preference Shares	No. of Shares
A.V. V. K Ravi Varma	1022845
B. Sudharani	459646
G. Sreedhar Raju	1472278
G.A.V.D Prathap Raju	567073
Chandra Sekhar	353
Total	3522195

3% Redeemable Non Cumulative Not Participative Preference Shares	No. of Shares
B. Sudharani	447504
G. Sreedhar Raju	2137832
G.A.V.D Prathap Raju	750397
Total	3335733

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2016

Category	Percentage
Promoter – (Individual/ Hindu Undivided Family – Indian)	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

The company is engaged in Manufacturing of Steel Cold Roll Formed Sections activities. (Registered activity and also Confirmed by management)

Products :

Item Code No.	Product Description
72169100	Angles, shapes etc. cold-form/cold finished form fkt rold products
24105	Manufacture of hot-rolled and cold rolled products of steel

Brand Names :

Not Divulged

Agencies Held :

Not Divulged

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Selling :

Advance Payment and RTGS

Purchasing :

Advance Payment and RTGS

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 :

Manufacturers

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

No. of Employees :

100 (Approximately)

Bankers :

Bank Name	Canara Bank
Branch	Plot No. 74. H. No: 5-5-35/18/1 And 3, Prasanthi Nagar, Kukatpally, Hyderabad – 500072, Telangana, India
Person Name (With Designation)	--
Contact Number	91-40-23058199 (Ringing)
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 Loan	31.03.2016 (INR in Million)	31.03.2015 (INR in Million)
Long-term Borrowings
Rupee Term loans from banks	2.334	2.413
Short-term borrowings
Rupee Term loans from banks	173.488	191.068
Total	175.822	193.481

Auditors :
Name :	Ramasamy Koteswara Rao and Company Chartered Accountants
Address :	Plot No 238/A, 1^st Floor Mla Colony, Road No-12, Banjara Hills, Hyderabad - 500034, Telangana, India
PAN N Income-tax PAN of auditor or auditor's firm :	AAGFR9006F
Memberships :	Not Available
Collaborators :	Not Available
Subsidiary Company :	Metalkraft Window Accessories Private Limited, India U27100TG2011PTC075079
Other Related Parties :	Hanson Infrastructure and Projects Private Limited, India U45400TG2008PTC059247 E Centric Solutions Private Limited, India U72200TG2002PTC040141

CAPITAL STRUCTURE

After 30.09.2016

Authorised Capital : INR 135.073 Million

Issued, Subscribed & Paid-up Capital : INR 96.674 Million

As on 31.03.2016

Authorised Capital :

No. of Shares	Type	Value	Amount
6649448	Equity Shares	INR 10/- each	INR 66.494 Million
3335733	3% Redeemable Non Cumulative Not Participative Preference Shares	INR 10/- each	INR 33.357 Million
3522195	4% Redeemable Non Cumulative Not Participative Preference Shares	INR 10/- each	INR 35.222 Million
	TOTAL		INR 135.073 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
6331643	Equity Shares	INR 10/- each	INR 63.317 Million
3335733	3% Redeemable Non Cumulative Not Participative Preference Shares	INR 10/- each	INR 33.357 Million
3522195	4% Redeemable Non Cumulative Not Participative Preference Shares	INR 10/- each	INR 35.222 Million
	TOTAL		INR 131.896 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2016	31.03.2015	31.03.2014
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	131.896	131.896	63.316
(b) Reserves and Surplus	91.640	31.867	11.988
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	68.579
Total Shareholders’ Funds (1) + (2)	223.536	163.763	143.883
(3) Non-Current Liabilities
(a) long-term borrowings	10.634	11.713	12.439
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long-term liabilities	142.833	119.604	106.127
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	153.467	131.317	118.566
(4) Current Liabilities
(a) Short-term borrowings	173.488	191.068	184.220
(b) Trade payables	37.352	39.714	37.364
(c) Other current liabilities	40.069	14.855	13.486
(d) Short-term provisions	27.897	8.832	4.979
Total Current Liabilities (4)	278.806	254.469	240.049
TOTAL	655.809	549.549	502.498
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	121.709	106.946	114.063
(ii) Intangible Assets	0.780	0.712	0.791
(iii) Tangible assets capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	7.910	6.900	6.900
(c) Deferred tax assets (net)	0.934	0.000	0.000
(d) Long-term loans and advances	23.054	14.678	14.896
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	154.387	129.236	136.650
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	61.362	78.379	120.551
(c) Trade receivables	306.678	277.337	196.225
(d) Cash and bank balances	18.041	21.870	17.061
(e) Short-term loans and advances	115.341	42.727	32.011
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	501.422	420.313	365.848
TOTAL	655.809	549.549	502.498

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2016	31.03.2015	31.03.2014
	SALES
	Total Revenue from operations	1792.853	1433.365	1066.345
	Other Income	2.436	2.322	1.641
	TOTAL	1795.289	1435.687	1067.986
Less	EXPENSES
	Cost of Materials Consumed	1398.261	1188.646	952.430
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	0.000	0.000	6.564
	Employee benefit expense	35.026	29.147	23.673
	Other expenses	216.257	131.920	25.159
	TOTAL	1649.544	1349.713	1007.826
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	145.745	85.974	60.160
Less	FINANCIAL EXPENSES	45.276	42.828	29.918
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	100.469	43.146	30.242
Less/ Add	DEPRECIATION/ AMORTISATION	13.732	14.436	13.574
	PROFIT/ (LOSS) BEFORE TAX	86.737	28.710	16.668
Less	TAX	26.964	8.832	4.680
	PROFIT/ (LOSS) AFTER TAX	59.773	19.878	11.988
	Earnings / (Loss) Per Share (INR)	9.44	3.60	2.17

Particulars	31.03.2017
Sales Turnover (Approximately)	2260.000

Expected Sales (2017-2018) : INR 3500.000 Million (Approximately)

The above information has been parted by Mr. Eshwar Rao (Deputy Finance Manager)

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2016	31.03.2015	31.03.2014
Current Maturities of Long term debt	5.852	4.440	4.440
Net cash flows from (used in) operations	56.438	1.061	16.668
Net cash flows from (used in) operating activities	51.769	5.708	16.668

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2016	31.03.2015	31.03.2014
Average Collection Days [Sundry Debtors / Income * 365]	62.44	70.62	67.17
Account Receivables Turnover [Income / Sunday Debtors]	5.85	5.17	5.43
Average Payment Days [Sundry Creditors / Purchases * 365]	9.75	12.20	14.32
Inventory Turnover [Operating Income / Inventories]	2.38	1.10	0.50
Asset Turnover [Operating Income / Net Fixed Assets]	1.19	0.80	0.52

LEVERAGE RATIOS

PARTICULARS	31.03.2016	31.03.2015	31.03.2014
Debt Ratio [(Borrowing + Current Liabilities) / Total Assets]	0.45	0.49	0.51
Debt Equity Ratio (Borrowings / NetWorth)	0.85	1.27	1.40
Current Liabilities to Networth (Current Liabilities / NetWorth)	1.25	1.55	1.67
Fixed Assets to NetWorth (Net Fixed Assets / NetWorth)	0.55	0.66	0.80
Interest Coverage Ratio [PBIT / Financial Charges]	3.22	2.01	2.01

PROFITABILITY RATIOS

PARTICULARS		31.03.2016	31.03.2015	31.03.2014
Net Profit Margin [(PAT / Sales) * 100]	(%)	3.33	1.39	1.12
Return on Total Assets [(PAT / Total Assets) * 100]	(%)	9.11	3.62	2.39
Return on Investment (ROI) [(PAT / NetWorth) * 100]	(%)	26.74	12.14	8.33

SOLVENCY RATIO

PARTICULARS	31.03.2016	31.03.2015	31.03.2014
Current Ratio [Current Assets / Current Liabilities]	1.80	1.65	1.52
Quick Ratio [(Current Assets - Inventories) / Current Liabilities]	1.58	1.34	1.02
G-Score Ratio Financial [NetWorth / Total Assets]	0.34	0.30	0.29
G-Score Ratio Debt [Debts / Equity Capital]	1.44	1.57	3.18
G-Score Ratio Liquidity [Total Current Assets / Total Current Liabilities]	1.80	1.65	1.52

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

FINANCIAL ANALYSIS

[all figures are in INR Million]

DEBT EQUITY RATIO

Particular	31.03.2014	31.03.2015	31.03.2016
	(INR In Million)	(INR In Million)	(INR In Million)
Share Capital	63.316	131.896	131.896
Reserves & Surplus	11.988	31.867	91.640
Share Application money pending allotment	68.579	0.000	0.000
Net worth	143.883	163.763	223.536
Long-term borrowings	12.439	11.713	10.634
Short term borrowings	184.220	191.068	173.488
Current maturities of long-term debts	4.440	4.440	5.852
Total borrowings	201.099	207.221	189.974
Debt/Equity ratio	1.398	1.265	0.850

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2014	31.03.2015	31.03.2016
	(INR In Million)	(INR In Million)	(INR In Million)
Sales	1066.345	1433.365	1792.853
		34.419	25.080

NET PROFIT MARGIN

Net Profit Margin	31.03.2014	31.03.2015	31.03.2016
	(INR In Million)	(INR In Million)	(INR In Million)
Sales	1066.345	1433.365	1792.853
Profit/ (Loss)	11.988	19.878	59.773
	1.12 %	1.39 %	3.33 %

ABRIDGED BALANCE SHEET – (CONSOLIDATED)

SOURCES OF FUNDS	31.03.2016	31.03.2015
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	131.896	131.896
(b) Reserves & Surplus	103.063	40.935
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000
(3) Minority Interest	8.232	7.174
Total Shareholders’ Funds (1) + (2)	243.191	180.005
(3) Non-Current Liabilities
(a) long-term borrowings	154.183	131.732
(b) Deferred tax liabilities (Net)	0.000	0.000
(c) Other long term liabilities	0.000	0.000
(d) long-term provisions	0.000	0.000
Total Non-current Liabilities (3)	154.183	131.732
(4) Current Liabilities
(a) Short term borrowings	177.288	197.431
(b) Trade payables	45.183	42.902
(c) Other current liabilities	40.118	14.923
(d) Short-term provisions	30.995	13.842
Total Current Liabilities (4)	293.584	269.098
TOTAL	690.958	580.835
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	126.059	110.920
(ii) Intangible Assets	0.780	0.713
(iii) Capital work-in-progress	0.000	0.000
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	1.010	0.000
(c) Deferred tax assets (net)	0.934	0.000
(d) Long-term Loan and Advances	23.054	14.677
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	151.837	126.310
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	78.589	94.581
(c) Trade receivables	324.586	291.368
(d) Cash and cash equivalents	18.092	23.542
(e) Short-term loans and advances	117.854	45.034
(f) Other current assets	0.000	0.000
Total Current Assets	539.121	454.525
TOTAL	690.958	580.835

PROFIT & LOSS ACCOUNT– (CONSOLIDATED)

	PARTICULARS	31.03.2016	31.03.2015
	SALES
	Income	1887.581	1525.378
	Other Income	2.456	2.322
	TOTAL	1890.037	1527.700
Less	EXPENSES
	Cost of Materials Consumed	1473.067	1258.317
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(1.024)	(4.776)
	Employees benefits expense	38.653	26.759
	Other expenses	226.644	145.328
	TOTAL	1737.340	1425.628
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	152.697	102.072
Less	FINANCIAL EXPENSES	46.020	43.353
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	106.677	58.719
Less/ Add	DEPRECIATION/ AMORTISATION	14.446	14.856
	PROFIT/ (LOSS) BEFORE TAX	92.231	43.863
Less	TAX	29.046	13.017
Less	Profit (loss) of minority interest	1.058	2.421
	PROFIT/ (LOSS) AFTER TAX	62.127	28.425

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	Yes
5	Buyer visit details	--
6	Contact numbers	Yes
7	Name of the person contacted	Yes
8	Designation of contact person	Yes
9	Promoter’s background	Yes
10	Date of Birth of Proprietor / Partners / Directors	Yes
11	Pan Card No. of Proprietor / Partners	Yes
12	Voter Id Card No. of Proprietor / Partners	No
13	Type of business	Yes
14	Line of Business	Yes
15	Export/import details (if applicable)	No
16	No. of employees	Yes
17	Details of sister concerns	Yes
18	Major suppliers	No
19	Major customers	No
20	Banking Details	Yes
21	Banking facility details	Yes
22	Conduct of the banking account	--
23	Financials, if provided	Yes
24	Capital in the business	Yes
25	Last accounts filed at ROC, if applicable	No
26	Turnover of firm for last three years	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	Yes
29	Profitability for last three years	Yes
30	Major shareholders, if available	Yes
31	External Agency Rating, if available	Yes
32	Litigations that the firm/promoter involved in	--
33	Market information	--
34	Payments terms	Yes
35	Negative Reporting by Auditors in the Annual Report	No

COMPANY OVERVIEW

The company is a Private Company engaged in manufacturing of Steel Cold Roll Formed Sections activities.

REVIEW OF OPERATIONS

The company has achieved a turnover of INR 1795.289 Million for the current year as compared to INR 1435.687 Million in the previous year. The Net profit for the year amounted to INR 59.773 Million as compared to the Net profit of INR 19.878 Million in the previous year. The Company expects to earn more profits in the coming year

UNSECURED LOAN

Unsecured Loan	31.03.2016 (INR in Million)	31.03.2015 (INR in Million)
Long-term Borrowings
Loans and advances from related parties	8.300	9.300
Total	8.300	9.300

INDEX OF CHARGES:

SNo	SRN	Charge Id	Charge Holder Name	Date of Creation	Date of Modification	Date of Satisfaction	Amount	Address
1	G07210115	100037568	Canara Bank	15/06/2016	-	-	950000.0	Plot No. 74. H.No: 5-5-35/18/1&3Prasanthi Nagar, KukatpallyHYDERABADTG500072IN
2	G01475037	100019570	Canara Bank	10/03/2016	-	-	3615000.0	Plot No. 74. H.No: 5-5-35/18/1&3Prasanthi Nagar, KukatpallyHYDERABADTG500072IN
3	C68194414	10598702	Canara Bank	03/10/2015	-	-	700000.0	Plot No. 74. H.No: 5-5-35/18/1&3Prasanthi Nagar, KukatpallyHYDERABADTG500072IN
4	B96805700	10478630	CANARA BANK	28/01/2014	-	-	87000000.0	SME Branch Kukatpally, Mythri ComplexPrashanthi Nagar , KukatpallyHyderabadAP500072IN
5	B81393712	10441429	CANARA BANK	12/07/2013	-	-	811000.0	H.NO.5-34/1, Y JUNCTIONBOMBAY NATIONAL HIGHWAY, KUKATPALLYHYDERABADAP500072IN
6	G49930746	10437200	Canara Bank	21/06/2013	28/06/2017	-	332500000.0	Plot No. 74. H.No: 5-5-35/18/1&3Prasanthi Nagar, KukatpallyHyderabadTG500072IN
7	C34092742	10438734	CANARA BANK	28/06/2013	-	28/10/2014	1585000.0	H.NO.5-34/1, Y JUNCTIONBOMBAY NATIONAL HIGHWAY, KUKATPALLYHYDERABADAP500072IN

CONTINGENT LIABILITIES:

(INR in million)

PARTICULARS	31.03.2016	31.03.2015
Other money for which company is contingently liable	27.500	50.000

FIXED ASSETS

• Land
• Buildings
• Factory building
• Plant and equipment
• Furniture and fixtures
• Vehicles
• Office equipment
• Computer

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 65.23
UK Pound	1	INR 89.71
Euro	1	INR 79.50

INFORMATION DETAILS

Information Gathered by :	PON
Analysis Done by :	VIV
Report Prepared by :	KJL

SCORE FACTORS

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

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.