MIRA INFORM REPORT

Report No. :	509353
Report Date :	14.05.2018

IDENTIFICATION DETAILS

Name :	HALDIA PETROCHEMICALS LIMITED (w.e.f. 03.03.2017)
Formerly Known As :	BENGAL CRACKER COMPLEX LIMITED
Registered Office :	1, Auckland Place, Kolkata – 700017, West Bengal
Tel. No.:	91-33-22806221/ 22831640/1643/1645
Country :	India
Financials (as on) :	31.03.2016
Date of Incorporation :	23.02.2015
Com. Reg. No.:	21-205383
Capital Investment / Paid-up Capital :	INR 20300.500 Million
CIN No.: [Company Identification No.]	U24100WB2015PLC205383
GSTN : [Goods & Service Tax Registration No.]	19AAGCB2001F1Z9
TIN No:	19434928052
IEC No.: [Import-Export Code No.]	0296012858
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAGCB2001F
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturing and Processing of Extraction of Input For Petrochemical Products. [Registered activity]
No. of Employees :	Not Divulged

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

Maximum Credit Limit :	USD 58000000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject was incorporated in the year 2015 and it is engaged in manufacturing and processing of extraction of input for petrochemical products. Management has failed to file its latest financials with Government Registry. As per available financials of March 2016, the company has achieved decent revenue from its operations and has reported average profit margin. Rating takes into consideration sound net worth base along with strong debt coverage indicators and comfortable liquidity position. Rating also takes into account the extensive experience of its promoters and its leading market position in the eastern Indian market for polymers. Payments seems to be regular. 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	ICRA
Rating	Long term rating (AA-)
Rating Explanation	High degree of safety and very low credit risk.
Date	23.02.2018

Rating Agency Name	ICRA
Rating	Short term rating (A1+)
Rating Explanation	Very strong degree of safety and carry lowest credit risk.
Date	23.02.2018

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 31-03-2018.

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 14.05.2018

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

91-33-71122334 (Management non cooperative)

LOCATIONS

Registered Office/ Corporate Office:	1, Auckland Place, Kolkata – 700017, West Bengal, India
Tel. No.:	91-33-2283 1640/1643/1645
Fax No.:	91-33-2280 2390/1654
Email:	Sarbani.Mitra@hpl.co.in
Websites:	www.haldiapetrochemicals.com
Factory :	Post Box No. – 12, P.O. Durgachak, District Purba Medinipur- 721602, West Bengal, India
Tel. No.:	91-3224-274 007/877/876/400/882/384
Fax No.:	91-3224-274 420
Corporate Office:	Tower 1, Bengal Eco Intelligent Park (Techna), Block EM, Plot No 3, Sector V, Salt Lake, PO: Bidhan Nagar, District North 24 Parganas-700091, West Bengal, India - India
Tel. No.:	91-33-71122334 / 71122445
Application Research and Development Center (ARDC) :	54/A/1 Block-DN, Sector-5, Salt Lake, Kolkata - 700 091, West Bengal, India
Tel. No.:	91-33-2367 3491/92/95, 3061/62
Fax No.:	91-33-2367 9890
Regional Office:	Located at : Chennai New Delhi Mumbai
Sales Office	Locate at : Indore Hyderabad Kanpur Jaipur Ludhiana Ahmedabad Durgapur

DIRECTORS

AS ON 31.03.2017

Name :

Mr. Subhasendu Chatterjee

Designation :

Director

Address :

L-3, Kailash Colony, Second Floor, New Delhi-110048, India

Date of Birth/Age :

13.07.1947

PAN No:

AACPC6148F

Qualification

B. Tech (IIT), MSc, PhD

Date of Appointment :

23.02.2015

DIN No.:

00153459

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U23209WB1995PTC073512	TCG REFINERIES PRIVATE LIMITED	01/09/2001	-
U24231WB1999NPL090780	INSTITUTE OF MOLECULAR MEDICINE	17/12/1999	-
U25209WB1997PTC083127	HALDIA POLYPARKS PRIVATE LIMITED	30/09/2008	-
U29197WB1997PTC084101	LAKELAND VILLAGE PRIVATE LIMITED	28/09/2012	-
U40102WB1995PLC073254	HALDIA POWER LTD.	01/09/2001	-
U45101WB1995PLC067270	ASIAN GATEWAY LTD.	30/09/2005	-
U45201WB1998PLC086768	HALDIA CRACKER COMPLEX LIMITED	25/08/2015	-
U45202WB1998PLC087462	HALDIA RIVERSIDE ESTATES LIMITED	05/08/2015	-
U23209WB1995PTC073512	TCG REFINERIES PRIVATE LIMITED	01/09/2001	-
U24231WB1999NPL090780	INSTITUTE OF MOLECULAR MEDICINE	17/12/1999	-
U25209WB1997PTC083127	HALDIA POLYPARKS PRIVATE LIMITED	30/09/2008	-
U29197WB1997PTC084101	LAKELAND VILLAGE PRIVATE LIMITED	28/09/2012	-
U40102WB1995PLC073254	HALDIA POWER LTD.	01/09/2001	-
U45101WB1995PLC067270	ASIAN GATEWAY LTD.	30/09/2005	-
U45201WB1998PLC086768	HALDIA CRACKER COMPLEX LIMITED	25/08/2015	-

Name :

Mr. Purnendu Chatterjee

Designation :

Director

Address :

1107 Fifth Avenue, New York, N.Y.10128, New York-10128, , United States Of America

Date of Birth/Age :

06.10.1952

Date of Appointment :

23.02.2015

Qualification

B. Tech , M. Tech

DIN No.:

00415297

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U73200WB1998PTC087651	TCG LIFESCIENCES PRIVATE LIMITED	03/08/1998	-
U74120WB2010NPL141674	GLOBAL INSTITUTE OF SCIENCE AND TECHNOLOGY	03/02/2010	-
U74899DL1991PTC043273	CRYSTAL CITY DEVELOPERS PRIVATE LIMITED	18/12/2006	-
U74899DL1994PTC062471	PENCH POWER PRIVATE LIMITED	09/02/1995	-
U80100TG1997NPL036631	INDIAN SCHOOL OF BUSINESS	20/08/2016	-
U99999MH2006NPL159749	ASIA SOCIETY INDIA CENTRE	24/03/2006	-

Name :

Mr. Vijay Krishna Chaudhry

Designation :

Director

Address :

6126 - A, Ramshorn Dr. Mclean, Va-22101, United States Of America

Date of Birth/Age :

19.06.1945

Date of Appointment :

20.02.2017

DIN No.:

02761079

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U70100DL2010PTC203718	BLUE BELL PROPTECH PRIVATE LIMITED	05/07/2011	-
U74899DL1991PTC043273	CRYSTAL CITY DEVELOPERS PRIVATE LIMITED	25/09/2015	-

Name :

Sreoshi Palchoudhuri

Designation :

Director

Address :

9, Mandeville Gardens, Flat 4A, 4th Floor, Kolkata-700019, West Bengal, India

Date of Birth/Age :

03.08.1958

Pan No:

AFNPP8461L

Qualification:

MA (Eco)

Date of Appointment :

28.01.2016

DIN No.:

07256987

Name :

Debnarayan S Bhattacharya

Designation :

Director

Address :

13th Floor, Navroz Apartment, 35, Bhulabhai Desai, MUMBAI-400026, Maharashtra, India

Date of Appointment :

29.08.2017

DIN No.:

00033553

CIN/FCRN	Company Name	Begin Date	End Date
L27020MH1958PLC011238	HINDALCO INDUSTRIES LIMITED	31/07/2016	-
U80301WB2012NPL184963	BIRLA INSTITUTE OF TECHNOLOGY & SCIENCE COMPANY	29/09/2017	-

Name :

Mr. Sumit Kumar Sanghai

Designation :

Nominee Director

Address :

Flat 3b, 3rd Floor, Plazzoo, 35, Panditya Road, Kolkata-700029, West Bengal, India

Date of Birth/Age :

09.03.1976

Date of Appointment :

20.02.2017

DIN No.:

02277681

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U91900WB2011NPL167415	PALAZZO FLAT OWNERS ASSOCIATION	27/12/2011	-

Name :

Aloke Sengupta

Designation :

Nominee Director

Address :

Flat No. A-23, Oberoi Apartments, 2, Shamnath Marg, Civil Lines, Delhi-110054, India

Date of Appointment :

10.08.2017

DIN No.:

00064934

CIN/FCRN	Company Name	Begin Date	End Date
U40105DL2005PTC138458	RATNAGIRI GAS AND POWER PRIVATE LIMITED	21/12/2017	-
U11100DL2015PTC288147	KONKAN LNG PRIVATE LIMITED	23/04/2018	-

Name :

Partha Sarathi Bhattacharyya

Designation :

Additional Director

Address :

901, Evora Fortaleza, Kalyani Nagar, Pune-411006, Maharashtra, India

Date of Appointment :

05.08.2016

DIN No.:

00329479

CIN/FCRN	Company Name	Begin Date	End Date
L24121MH1979PLC021360	DEEPAK FERTILISERS AND PETROCHEMICALS CORPORATION LTD	22/01/2016	-
L31400WB1986PLC091621	USHA MARTIN LIMITED	31/07/2014	-
L74210WB1981PLC034281	RAMKRISHNA FORGINGS LTD	21/05/2016	-
U14200PN2012PTC145300	RUNGEPINCOCKMINARCO INDIA PRIVATE LIMITED	12/08/2013	-
U51909WB1943PLC011283	KARAM CHAND THAPAR & BROS (COAL SALES ) LTD	26/09/2012	-

Name :

Mr. Rudra Chatterjee

Designation :

Director

Address :

6, Tilak Road, Kolkata-700029, West Bengal, India

Date of Appointment :

05.09.2016

DIN No.:

01504650

CIN/FCRN	Company Name	Begin Date	End Date
U01132AS1946PTC000738	BHUYANKHAT TEA CO.PVT LTD	31/03/2008	-
U01132WB1912PTC002104	LUXMI TEA CO PRIVATE LIMITED	01/04/2014	-
U01132WB1926PLC004539	KALYANI TEA CO LTD	05/09/2016	-
U01403WB2010PTC152881	MAKAIBARI TEA COMPANY PRIVATE LIMITED	08/09/2010	-
U01405WB2008PLC126077	LUXMI PORTFOLIO LIMITED	24/05/2008	-
U17226UP1932PTC000475	OBEETEE PRIVATE LIMITED	16/02/2016	-
U18101UP1995PTC018737	OBEETEE TEXTILES PRIVATE LIMITED	06/08/2012	-
U24129WB1984PTC037677	MATELLI TEA COMPANY PRIVATE LIMITED	20/10/2009	-
U25209WB1984PTC037297	LUXMI LATEX PRIVATE LIMITED	09/09/2010	-
U51226WB1920PLC003864	I T P LTD	10/08/2007	-
U51226WB1948PTC016303	MAKAIBARI TEA & TRADING CO PVT LTD	28/08/2014	-
U70101WB1994PLC063441	LUXMI TOWNSHIP LTD	01/04/2014	-
U70200WB1982PTC035346	CHATTERJEE ASSET HOLDINGS PRIVATE LIMITED	27/09/2013	-

Name :

Mr. Shanta Ghosh

Designation :

Director

Address :

506A, Keyatala Road, Kolkata-700029, West Bengal, India

Date of Appointment :

05.09.2016

DIN No.:

01560559

CIN/FCRN	Company Name	Begin Date	End Date
U25209WB1961PTC025218	THE KULJIAN CORPORATION (INDIA) PRIVATE LIMITED	21/09/2001	-
U26939WB1996PTC077591	VALLAURIS CERAMICS PVT LTD	26/02/1996	-
U45201WB1970PTC027667	S C DUTT & ASSOCIATES (ENGINEERS) PVT LTD	27/09/2004	-
U45201WB1970PTC027727	DEVELOPMENT CONSULTANTS PRIVATE LIMITED	01/03/1989	-
U45201WB1999PLC089086	BENGAL DCL HOUSING DEVELOPMENT COMPANY LIMITED	25/10/2011	-
U51909WB1993PTC058131	CONFETTI EXPORTS PVT LTD	15/04/1993	-
U70101WB1981PTC034201	D C PROPERTIES PRIVATE LIMITED	27/09/1994	-
U72200WB1992PTC055395	DATA-CORE (INDIA) PRIVATE LIMITED	11/05/1992	-
U72300WB2015PTC207542	DCG DATA-CORE SYSTEMS (INDIA) PRIVATE LIMITED	21/08/2015	-
U74140WB1971NPL028179	ECONOMIC AND ENTREPRENEURSHIP DEVELOPMENT FOUNDATION	20/12/1994	-
U74210WB2002PTC095492	DEVELOPMENT ARCHITECTS PRIVATE LIMITED	11/12/2002	-
U75142WB1967SGC026988	WEST BENGAL INDUSTRIAL DEVELOPMENT CORPN LTD	31/12/2015	-

Name :

Vandana Yadav

Designation :

Director

Address :

E-7,32,B.C.Road, Kolkata-700019, West Bengal, India

Date of Appointment :

29.07.2017

DIN No.:

02202329

CIN/FCRN	Company Name	Begin Date	End Date
U75142WB1967SGC026988	WEST BENGAL INDUSTRIAL DEVELOPMENT CORPN LTD	06/06/2017	-
U91110WB2003NPL097201	WEST BENGAL TRADE PROMOTION ORGANISATION	18/07/2017	-
U35303WB2007PLC117120	BENGAL AEROTROPOLIS PROJECTS LIMITED	28/11/2017	-
U61200WB2015GOI208881	BHOR SAGAR PORT LIMITED	29/06/2017	-

Name :

Ujjal Kumar Das

Designation :

Nominee Director

Address :

Flat No. C/8A, Harbour Heights N. A. Sawant Marg, Near Colaba Fire Station, Mumbai-400005, Maharashtra, India

Date of Appointment :

07.09.2017

DIN No.:

06979342

KEY EXECUTIVES

Name :	S. Sarkar and Associates
Designation :	Company Secretary
Address :	4B, Malanga Lane, Kolkata-700 012, West Bengal, India
PAN No:	AWJPS1232M
Name :	Sajal Ghosh
Designation :	Company Secretary
Address :	56, Bose Pukur Purba Para Road, Kolkata-700107, West Bengal, India
PAN No.:	ADJPG7605H
Date of Appointment :	01.07.2017
Name :	Sunirmal Talukdar
Designation :	Chief Finance Officer
Address :	Flat No 406, 12, Ashoka Road, Alipore, Kolkata -700027,West Bengal, India
Date of Appointment :	03.11.2016
PAN No.:	ABNPT6999B

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 31.03.2016

Names of Shareholders	No. of Shares
Haldia Petrochemicals Limited, India	49994
Ajay Kumar Pandey	1
Debases Konar	1
Jayanta Chakrabarty	1
Rakesh Pandya	1
Kishore Bhattacharya	1
Sekhar Krishnan	1
Haldia Petrochemicals Limited, India	2030000000
Total	2030050000

Equity Share Break up (Percentage of Total Equity)

As on: 05.09.2016

Category	Percentage
Promoters - Body corporate	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturing and Processing of Extraction of Input For Petrochemical Products. [Registered activity]

Products :

Item Code No.	Product Description
99884290	Creaking of Input For Petrochemical Products

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Not Divulged

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 :

Not Divulged

Bankers :

• Union Bank of India, Industrial Finance Branch,1/1, Camac Street, Kolkata-700016, West Bengal, India

• The Industrial Credit and Investment Corporation of India Limited, 163, Backbay, Reclamation, Mumbai-400020, Maharashtra, India

• United Bank of India, Old Court House, Street Branch, 11, Hemanta Basu Sarani, kolkataw-700001, West Bengal, India

• State Bank of India, South Tower 352, 1-7-1 Yurakucho, CPO Box 580chiyoda –Kvtokyona 1000006 Japan

• Bank of India
• Canara Bank
• Indian Overseas Bank
• Allahabad Bank
• ICICI Bank Limited
• Bank of Baroda
• Indian Bank
• Dena Bank
• Central Bank of India
• State Bank of Hyderabad
• The Karur Vysya Bank Limited
• Punjab National Bank
• State Bank of Mysore
• State Bank of Patiala
• State Bank of Bikaner and Jaipur

Banker Name	UCO Bank
Branch Address	Flagship Corporate Branch, 3 N S Road, Kolkata - 700001, West Bengal, 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 Loan	31.03.2016 (INR in Million)
Long-term Borrowings
Term loans from banks	8042.805
Term loans from others	439.895
Total	8482.700

Auditors :
Name :	Ray and Ray Chartered Accountants
Address :	Webel Bhavan, Ground Floor, Block-EP and GP, Sector V Saltlake, Kolkata-700091, West Bengal, India
PAN No.:	AADFR8764R
Memberships :	Not Available
Collaborators :	Not Available
Holding Company:	Haldia Petrochemicals Limited (U23209WB1985SGC039487)

CAPITAL STRUCTURE

After: 05.09.2016

Authorised Capital : INR 62000.000 million

Issued, Subscribed & Paid-up Capital : INR 16879.390 million

As on: 05.09.2016

Authorised Capital :

No. of Shares	Type	Value	Amount
3000000000	Equity Shares	INR 10/- each	INR 30000.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
2030050000	Equity Shares	INR 10/- each	INR 20300.500 Million

FINANCIAL DATA

[all figures are in INR Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2016
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	20300.500
(b) Reserves & Surplus	105.932
(c) Money received against share warrants	0.000
(2) Share Application money pending allotment	0.000
Total Shareholders’ Funds (1) + (2)	20406.432
(3) Non-Current Liabilities
(a) long-term borrowings	8482.700
(b) Deferred tax liabilities (Net)	88.669
(c) Other long term liabilities	0.000
(d) long-term provisions	5.457
Total Non-current Liabilities (3)	8576.826
(4) Current Liabilities
(a) Short term borrowings	0.000
(b) Trade payables	12.757
(c) Other current liabilities	331.708
(d) Short-term provisions	0.863
Total Current Liabilities (4)	345.328
TOTAL	29328.586
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	27034.748
(ii) Intangible Assets	0.000
(iii) Capital work-in-progress	0.000
(iv) Intangible assets under development	0.000
(b) Non-current Investments	0.000
(c) Deferred tax assets (net)	0.000
(d) Long-term Loan and Advances	250.025
(e) Other Non-current assets	0.000
Total Non-Current Assets	27284.773
(2) Current assets
(a) Current investments	0.000
(b) Inventories	257.762
(c) Trade receivables	1656.630
(d) Cash and cash equivalents	0.505
(e) Short-term loans and advances	128.916
(f) Other current assets	0.000
Total Current Assets	2043.813
TOTAL	29328.586

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2016
	SALES
	Income	3308.978
	Other Income	0.000
	TOTAL	3308.978
Less	EXPENSES
	Cost of Materials Consumed	50.678
	Employees benefits expense	71.573
	Other expenses	207.637
	TOTAL	329.888
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	2979.090
Less	FINANCIAL EXPENSES	954.192
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	2024.898
Less/ Add	DEPRECIATION/ AMORTISATION	1770.666
	PROFIT/ (LOSS) BEFORE TAX	254.232
Less	TAX	148.300
	PROFIT/ (LOSS) AFTER TAX	105.932
	Earnings / (Loss) Per Share (INR)	0.05

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2016
Current Maturities of Long term debt	267.300
Cash generated from operations	1064.334
Net Cash flows from operating activities	949.934

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2016
Average Collection Days (Sundry Debtors / Income * 365 Days)	182.74
Account Receivables Turnover (Income / Sundry Debtors)	2.00
Average Payment Days (Sundry Creditors / Purchases * 365 Days)	91.88
Inventory Turnover (Operating Income / Inventories)	11.56
Asset Turnover (Operating Income / Net Fixed Assets)	0.11

LEVERAGE RATIOS

PARTICULARS	31.03.2016
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	0.30
Debt Equity Ratio (Total Liability / Networth)	0.42
Current Liabilities to Networth (Current Liabilities / Net Worth)	0.02
Fixed Assets to Networth (Net Fixed Assets / Networth)	1.32
Interest Coverage Ratio (PBIT / Financial Charges)	3.12

PROFITABILITY RATIOS

PARTICULARS		31.03.2016
Net Profit Margin ((PAT / Sales) * 100)	%	3.20
Return on Total Assets ((PAT / Total Assets) * 100)	%	0.36
Return on Investment (ROI) ((PAT / Networth) * 100)	%	0.52

SOLVENCY RATIOS

PARTICULARS	31.03.2016
Current Ratio (Current Assets / Current Liabilities)	5.92
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	5.17
G-Score Ratio Financial (Networth / Total Assets)	0.70
G-Score Ratio Debt (Debts / Equity Capital)	0.42
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	5.92

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

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	No
26	Turnover of firm for last one year	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last one year	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

INDEX OF CAHREGS:

SNO	SRN	CHARGE ID	CHARGE HOLDER NAME	DATE OF CREATION	DATE OF MODIFICATION	DATE OF SATISFACTION	AMOUNT	ADDRESS
1	B88750922	10417446	UNION BANK OF INDIA	28/03/2013	-	23/10/2013	810000000.0	Industrial Finance Branch1/1 Camac StreetKolkataWB700016IN
2	B64170095	80062523	The Industrial Credit & Investment Corporation of India Ltd	25/11/1997	27/03/1998	20/11/2012	950000000.0	163, Backbay ReclamationMumbaiMH400020IN
3	B62396049	10167703	UNITED BANK OF INDIA	30/06/2009	31/08/2010	30/10/2012	1000000000.0	OLD COURT HOUSE STREET BRANCH11, HEMANTA BASU SARANIKOLKATAWB700001IN
4	A80877582	10038047	STATE BANK OF INDIA	31/08/2006	10/08/2007	10/03/2010	2095593923.0	South Tower 352, 1-7-1 Yurakucho, CPO box 580Chiyoda -KVTokyoNA1000006JP
5	A58811399	80014570	UNITED BANK OF INDIA	23/05/2000	-	26/03/2009	600000000.0	MERCHANT BANKING DIVISION16 OLD COURT HOUSE STREETKOLKATAWB700001IN
6	A58811795	80014507	UNITED BANK OF INDIA	06/06/2000	-	19/03/2009	400000000.0	MERCHANT BANKING DIVIISION16 OLD COURT HOUSE STREETKOLKATAWB700001IN
7	A58810052	80016776	United Bank of India	25/09/1999	04/12/2006	19/03/2009	139000000.0	16, Old Court House Street,KolkataWB700001IN
8	A58779554	80014569	UNITED BANK OF INDIA	06/06/2000	-	19/03/2009	550000000.0	MERCHANT BANKING DIVISION16 OLD COURT HOUSE STREETKOLKATAWB700001IN
9	A58810797	80014518	United Bank of India	23/05/2000	06/12/2006	19/03/2009	525900000.0	16, Old Court House Street,KolkataWB700001IN
10	A58809492	80015361	United Bank of India	31/03/1999	04/12/2006	19/03/2009	434700000.0	16, Old Court House Street,KolkataWB700001IN

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 67.22
UK Pound	1	INR 90.88
Euro	1	INR 80.09

INFORMATION DETAILS

Information Gathered by :	KMN
Analysis Done by :	VVK
Report Prepared by :	MTN

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.