MIRA INFORM REPORT

Report Date :

26.12.2011

IDENTIFICATION DETAILS

Name :	SHREE RAM URBAN INFRASTRUCTURE LIMITED [w.e.f. November 2006]
Formerly Known As :	SHREE RAM MILLS LIMITED
Registered Office :	Ganpatrao Kadam Marg, Lower Parel, Mumbai – 400013, Maharashtra
Country :	India
Financials (as on) :	31.12.2010
Date of Incorporation :	25.01.1935
Com. Reg. No.:	11-002241
Capital Investment / Paid-up Capital :	Rs.231.734 Millions
CIN No.: [Company Identification No.]	L17110MH1935PLC002241
TAN No.: [Tax Deduction & Collection Account No.]	MUMS37641C
PAN No.: [Permanent Account No.]	AACCS0454P
Legal Form :	A Public Limited Liability Company. The Company’s Shares are Listed on the Stock Exchange.
Line of Business :	The Company is engaged in the trade of textile products. Primarily sells fabrics. It also involves in the development of real estate prosperities.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B [29]

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 400000
Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is an established company and old company having moderate track. Profitability of the company is under pressure. However, trade relations are reported as fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings at usual trade terms and with some cautions.

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 – September 30, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

LOCATIONS

Registered Office :	Ganpatrao Kadam Marg, Lower Parel, Mumbai – 400013, Maharashtra, India
Tel. No.:	91-22-24932728 / 61404900 / 24965701
Fax No.:	91-22-24928617
E-Mail :	skl@.skumars.co.in
Website :	http://www.skumars.co.in

DIRECTORS

As on 28.06.2011

Name :

Mr. Vikas Shambhukumar Kasliwal

Designation :

Managing Director

Address :

Padam 2, Flat 10, 4 B G Deshmukh Marg, Mumbai – 400026, Maharashtra, India

Date of Birth/Age :

07.09.1956

Date of Appointment :

30.10.2002

DIN :

00046876

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U17100MH1972PLC015956	S. KUMARS LIMITED	Director	19/10/1974	19/10/1974	31/03/2008	Active	NO
2	U99999MH1968PLC013974	S.KUMAR ENTERPRISES (SYNFABS) LIMITED	Director	10/4/1976	10/4/1976	-	Active	NO
3	U74130MH1971PTC015486	S.KUMARS RETAILER SERVICES PRIVATE LIMITED	Director	2/12/1978	2/12/1978	25/08/2007	Active	YES
4	U67120MH1991PTC060388	MOOLSHA INVESTMENT PRIVATE LIMITED	Director	20/02/1991	20/02/1991	5/10/2009	Active	NO
5	U65910MH1991PTC060525	VIDHI HOLDINGS PRIVATE LIMITED	Director	29/03/1993	29/03/1993	-	Active	NO
6	U67120MH1993PTC071380	VIDHI HOLDINGS PRIVATE LIMITED	Director	29/03/1993	29/03/1993	2/2/2010	Amalgamated	NO
7	U66010MH2000PLC128178	S KUMARS LIFE ASSURANCE CORPORATION LIMITED	Director	9/8/2000	9/8/2000	31/03/2009	Active	NO
8	U70109MH2001PLC131631	K U ENTERPRISES LIMITED	Director	17/04/2001	17/04/2001	28/06/2008	Active	NO
9	U51494MH2002PLC136420	S KUMAR AND COMPANY (TRADES) LIMITED	Director	4/7/2002	4/7/2002	28/06/2008	Active	NO
10	U66010MH2002PLC137709	E-ASSURANCE SERVICES (INDIA ) LIMITED	Director	28/10/2002	28/10/2002	2/11/2005	Active	NO
11	L17110MH1935PLC002241	SHREE RAM URBAN INFRASTRUCTURE LIMITED	Managing director	1/8/2009	30/10/2002	-	Active	NO
12	U70101MH2006PTC165131	FIRST ROW LIFESTYLE PRIVATE LIMITED	Director	13/10/2006	13/10/2006	12/9/2008	Active	NO
13	U45202MH2009PTC192761	SRM SITES PRIVATE LIMITED	Director	27/05/2009	27/05/2009	1/7/2009	Active	NO

Name :

Mr. Shambhukumar Shankarlalji Kasliwal

Designation :

Director

Address :

Padam 2, Flat 10, 4 B G Deshmukh Marg, Mumbai – 400026, Maharashtra, India

Date of Birth/Age :

11.11.1930

Date of Appointment :

09.10.1978

DIN :

00555161

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U99999MH1968PLC013974	S.KUMAR ENTERPRISES (SYNFABS) LIMITED	Director	2/4/1968	2/4/1968	-	Active	NO
2	U51491MP1943PTC000192	SURAJMAL AND SONS PRIVATE LIMITED	Director	11/11/1968	11/11/1968	-	Active	NO
3	U17100MH1972PLC015956	S. KUMARS LIMITED	Director	18/08/1972	18/08/1972	-	Active	NO
4	L17110MH1935PLC002241	SHREE RAM URBAN INFRASTRUCTURE LIMITED	Director	9/10/1978	9/10/1978	-	Active	NO
5	U65990MH1991PTC060534	KARTIKEYA FINVEST PRIVATE LIMITED	Director	27/02/1991	27/02/1991	-	Active	NO
6	U65990MH1991PTC060524	GIRIJA HOLDINGS PRIVATE LIMITED	Director	27/02/1991	27/02/1991	-	Active	NO
7	U67120MH1991PTC060387	ANI-ABHI INVESTMENT PRIVATE LIMITED	Director	28/02/1991	28/02/1991	-	Active	NO
8	U67120MH1997PTC109613	AJIT HOLDINGS PRIVATE LIMITED	Director	24/07/1997	24/07/1997	-	Active	NO
9	U01122MP1997PTC012221	ANIRUDDH ARNAV AGRICULTURE DEVELOPMENT PRIVATE LIMITED	Director	13/08/1997	13/08/1997	-	Active	NO
10	U51494MH2002PLC136420	S KUMAR AND COMPANY (TRADES) LIMITED	Director	4/7/2002	4/7/2002	-	Active	NO
11	L36910MH1980PLC023289	SHANTIVIJAY JEWELS LIMITED	Director	25/04/2003	25/04/2003	1/6/2011	Active	NO
12	U70109MH2001PLC131631	K U ENTERPRISES LIMITED	Director	30/06/2008	30/06/2008	-	Active	NO
13	U67120MH1991PTC060388	MOOLSHA INVESTMENT PRIVATE LIMITED	Additional director	12/11/2009	12/11/2009	-	Active	NO

Name :

Mr. Subhkaran Kamalprasad Luharuka

Designation :

Whole-time Director

Address :

Vasant Galaxy Mars, Building ‘B’, Wing, Flat 304, Bangurnagar, Goregaon West, Mumbai – 400090, Maharashtra, India

Date of Birth/Age :

05.10.1941

Date of Appointment :

26.06.1996

DIN :

01068251

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	L17110MH1935PLC002241	SHREE RAM URBAN INFRASTRUCTURE LIMITED	Whole-time director	1/1/2011	26/06/1996	-	Active	NO
2	U45400MH1999PLC123290	S. K. M. REAL INFRA LIMITED	Director	30/08/2001	30/08/2001	28/03/2009	Active	NO
3	U45200MH1998PTC113857	S MAART INDIA PRIVATE LIMITED C N	Director	23/11/2001	23/11/2001	-	Active	NO
4	U17299MH2006PLC164671	SHREE RAM TEXTILE MILLS LIMITED	Director	29/09/2006	29/09/2006	15/04/2009	Active	NO
5	U70101MH2006PTC165131	FIRST ROW LIFESTYLE PRIVATE LIMITED	Director	13/10/2006	13/10/2006	5/1/2009	Active	NO
6	U45201MH2006PTC165516	RAGHUVEER URBAN CONSTRUCTIONS COMPANY PRIVATE LIMITED	Director	18/03/2009	21/11/2008	25/09/2009	Active	NO
7	U45202MH2009PTC192761	SRM SITES PRIVATE LIMITED	Director	27/05/2009	27/05/2009	-	Active	NO
8	U55101MH2009PTC193940	VASUNDHARA HOSPITALITY PRIVATE LIMITED	Director	9/7/2009	9/7/2009	20/07/2009	Active	NO
9	U45202MH2009PTC194471	RAGHUVEER SUBURBAN INFRASTRUCTURE PRIVATE LIMITED	Director	30/07/2009	30/07/2009	-	Active	NO
10	U45202MH2009PTC194506	SHREE RAM REALINFRA VENTURES PRIVATE LIMITED	Director	31/07/2009	31/07/2009	-	Active	NO
11	U17100MH1972PLC015956	S. KUMARS LIMITED	Director	24/09/2010	26/03/2010	-	Active	NO

Name :

Mr. Ambuj Abhayakumarji Kasliwal

Designation :

Director

Address :

Padam 1, Flat 2, 4 B G Deshmukh Marg, Mumbai – 400026, Maharashtra, India

Date of Birth/Age :

16.06.1950

Date of Appointment :

26.02.1980

DIN :

00679286

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U99999MH1968PLC013974	S.KUMAR ENTERPRISES (SYNFABS) LIMITED	Director	11/11/1971	11/11/1971	-	Active	NO
2	U51491MP1943PTC000192	SURAJMAL AND SONS PRIVATE LIMITED	Director	8/12/1973	8/12/1973	-	Active	NO
3	L17110MH1935PLC002241	SHREE RAM URBAN INFRASTRUCTURE LIMITED	Director	26/02/1980	26/02/1980	-	Active	NO
4	U65990MH1991PTC060534	KARTIKEYA FINVEST PRIVATE LIMITED	Director	27/02/1991	27/02/1991	-	Active	NO
5	U99999MH1997PTC107137	CHAMUNDESHWARI TRADING AND FINANCE PRIVATE LIMITED	Director	7/4/1997	7/4/1997	-	Active	NO
6	U92413MH1999NPL121885	MOTORSPORTS ASSOCIATION OF INDIA	Director	22/09/1999	22/09/1999	-	Active	NO
7	U17114MH2000PLC126018	REID AND TAYLOR (INDIA) LIMITED	Director	1/2/2001	1/2/2001	27/11/2007	Active	NO
8	U70109MH2001PLC131631	K U ENTERPRISES LIMITED	Director	17/04/2001	17/04/2001	28/06/2008	Active	NO
9	U45200MH1998PTC113857	S MAART INDIA PRIVATE LIMITED C N	Director	23/11/2001	23/11/2001	-	Active	NO
10	U51494MH2002PLC136420	S KUMAR AND COMPANY (TRADES) LIMITED	Director	4/7/2002	4/7/2002	-	Active	NO
11	U67120MH1991PTC060387	ANI-ABHI INVESTMENT PRIVATE LIMITED	Director	1/4/2003	1/4/2003	-	Active	NO
12	U67120MH1991PTC060388	MOOLSHA INVESTMENT PRIVATE LIMITED	Director	1/4/2003	1/4/2003	-	Active	NO
13	U36911MH2003PLC140629	G JEWELCRAFT LIMITED	Director	30/03/2004	30/03/2004	-	Active	NO
14	U99100MH1954NPL009434	THE SYNTHETIC AND RAYON TEXTILES EXPORT PROMOTION COUNCIL	Director	15/09/2004	15/09/2004	-	Active	NO
15	U17299MH2006PLC164671	SHREE RAM TEXTILE MILLS LIMITED	Managing director	1/4/2009	29/09/2006	-	Active	NO
16	U25190MH1949PLC007139	MODAK RUBBER AND TEXTILE INDUSTRIES LIMITED	Director	1/1/2007	1/1/2007	-	Active	NO
17	U15125MH2010PTC206299	ANOUSHKA GOURMET PRIVATE LIMITED	Director	6/8/2010	6/8/2010	-	Active	NO
18	L36910MH1980PLC023289	SHANTIVIJAY JEWELS LIMITED	Director	1/6/2011	1/6/2011	-	Active	NO

Name :

Mr. Mukul Shambhukumarji Kasliwal

Designation :

Director

Address :

Padam, 4 B G Deshmukh Marg, Mumbai – 400026, Maharashtra, India

Date of Birth/Age :

20.10.1964

Date of Appointment :

28.04.2003

DIN :

00058577

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U24110MH1984PLC033468	DHVANI TEREFABS EXPORTS LIMITED	Director	30/07/1984	30/07/1984	-	Active	NO
2	U99999MH1968PLC013974	S.KUMAR ENTERPRISES (SYNFABS) LIMITED	Director	7/7/1986	7/7/1986	-	Active	NO
3	U65990MH1991PTC060532	RAJ INFIN PRIVATE LIMITED	Director	27/02/1991	27/02/1991	-	Active	NO
4	U99999MH1986PLC115659	S.KUMARS TYRE MANUFACTURING COMPANY LIMITED	Director	31/12/1992	31/12/1992	-	Active	YES
5	U17121MH1993PTC071979	PROGARD TEXTILES (INDIA) PRIVATE LIMITED	Director	13/05/1993	13/05/1993	29/03/2008	Amalgamated	NO
6	L31101MH1995PLC085471	ENTEGRA LIMITED	Director	14/02/1995	14/02/1995	-	Active	NO
7	U40100MH1996PTC096137	SKG POWER VENTURES PRIVATE LIMITED	Director	10/1/1996	10/1/1996	-	Amalgamated	NO
8	U40100MH1996PTC096136	MW INFRA DEVELOPERS PRIVATE LIMITED	Director	10/1/1996	10/1/1996	-	Active	NO
9	U01100MH1996PLC101018	ENNERTECH BIOFUELS LIMITED	Director	30/03/1998	30/03/1998	23/03/2007	Active	NO
10	U40100GJ1991PLC064824	ESSAR POWER LIMITED	Director	28/08/2000	28/08/2000	28/01/2011	Active	NO
11	L72200MH2000PLC130073	MW UNITEXX LIMITED	Director	15/12/2000	15/12/2000	-	Active	NO
12	U70109MH2001PLC131631	K U ENTERPRISES LIMITED	Director	17/04/2001	17/04/2001	-	Active	NO
13	U51494MH2002PLC136420	S KUMAR AND COMPANY (TRADES) LIMITED	Director	4/7/2002	4/7/2002	-	Active	NO
14	L17110MH1935PLC002241	SHREE RAM URBAN INFRASTRUCTURE LIMITED	Director	28/04/2003	28/04/2003	-	Active	NO
15	U17110MH1993PLC071051	MANORS TEXTILES LIMITED	Director	29/03/2004	29/03/2004	-	Active	NO
16	U17120MH1977PLC019468	S KUMARS TEXTILES LIMITED	Director	29/03/2004	29/03/2004	20/08/2007	Active	NO
17	U40101MP1993PLC007667	SHREE MAHESHWAR HYDEL POWER CORPORATION LIMITED	Director	7/3/2005	7/3/2005	-	Active	NO
18	L31300MH1957PLC010964	CABLE CORPORATION OF INDIA LIMITED	Director	10/10/2005	10/10/2005	-	Active	NO
19	U74140MH1997NPL111167	YOUNG PRESIDENTS ORGANIZATION (MUMBAI CHAPTER)	Director	1/7/2006	1/7/2006	1/7/2008	Active	NO
20	U17299MH2006PTC163076	DASNA DEVELOPERS PRIVATE LIMITED	Director	13/07/2006	13/07/2006	20/10/2011	Active	NO
21	U65993MH2006PTC166424	MW CORP PRIVATE LIMITED	Director	22/12/2006	22/12/2006	-	Active	NO
22	U17100MH1972PLC015956	S. KUMARS LIMITED	Director	30/06/2007	30/06/2007	-	Active	NO
23	U18101MH1999PLC123293	S K M FABRICS (AMANA) LIMITED	Director	29/09/2007	25/09/2007	-	Active	NO
24	U11100MH2009PTC196993	RAJASTHAN SOLAR POWER COMPANY PRIVATE LIMITED	Director	10/11/2009	10/11/2009	20/10/2011	Active	NO
25	U17120MH2010FTC201896	KLOPMAN INDIA PRIVATE LIMITED	Director	9/4/2010	9/4/2010	11/8/2011	Active	NO

Name :

Mr. Vijay Goverdhandas Kalantri

Designation :

Director

Address :

2, Wahendna Apartment, 75, Hill Road, Bandra [West], Mumbai – 400050, Maharashtra, India

Date of Birth/Age :

05.01.1949

Date of Appointment :

25.08.2005

DIN :

00019510

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U65921MH1985PLC037703	BALAJI INFRA PROJECTS LTD	Managing director	15/04/2009	9/10/1985	-	Active	NO
2	U29100MH1978PLC020710	GANNON DUNKERLEY REALTY LIMITED	Director	15/07/1988	15/07/1988	15/12/2008	Active	NO
3	U65923MH1989PLC053436	HINDUSTAN HOUSING FINANCE AND DEVELOPMENT CORPORATION LIMITED	Director	12/9/1989	12/9/1989	-	Active	NO
4	U51900MH1989PTC051927	METROPOLITAN TRADERS PRIVATE LIMITED	Director	20/03/1990	20/03/1990	-	Amalgamated	NO
5	L36912MH1974PLC017505	SOVEREIGN DIAMONDS LIMITED	Director	12/11/1992	12/11/1992	13/08/2011	Active	NO
6	U91110MH1995PLC086016	INDIAN COUNCIL OF INVESTORS	Director	2/3/1995	2/3/1995	10/6/2008	Active	NO
7	U91110MH1996NPL098104	ALL INDIA ASSOCIATION OF INDUSTRIES	Director	13/03/1996	13/03/1996	-	Active	NO
8	U45200MH1998PLC114567	BALAJI INFRASTRUCTURE AND DEVELOPMENT COMPANY LIMITED	Director	21/04/1998	21/04/1998	30/03/2009	Active	NO
9	U40100MH1997PLC106044	VINDHYACHAL HYDRO POWER LIMITED	Director	14/08/1999	14/08/1999	-	Active	NO
10	L25200MH1968PLC013914	V I P INDUSTRIES LIMITED	Director	22/05/2000	22/05/2000	-	Active	NO
11	U72100MH2000PLC127887	ANYUSER TELECOM (INDIA) LIMITED	Director	24/07/2000	24/07/2000	14/12/2007	Active	NO
12	U35110MH2000PLC127953	DIGHI PORT LIMITED	Managing director	1/4/2009	27/07/2000	-	Active	NO
13	U99999MH1997NPL111379	BOWLING AND BILLIARDS ASSOCIATION OF INDIA	Director	5/1/2001	5/1/2001	-	Active	NO
14	L99999MH1988PLC047408	MAN INDUSTRIES (INDIA) LIMITED	Director	15/02/2001	15/02/2001	3/2/2011	Active	NO
15	U74300MH1997PTC105548	LAQSHYA MEDIA PRIVATE LIMITED	Director	15/01/2002	15/01/2002	-	Active	NO
16	U74999MH2002NPL136048	INDO POLISH CHAMBER OF COMMERCE AND INDUSTRIES	Director	29/05/2002	29/05/2002	-	Active	NO
17	U74999MH2002GAP136310	INDO MAURITIUS CHAMBER OF COMMERCE AND INDUSTRIES	Director	25/06/2002	25/06/2002	-	Active	NO
18	L32109MH1994PLC083391	ZICOM ELECTRONIC SECURITY SYSTEMS LIMITED	Director	1/12/2003	1/12/2003	-	Active	NO
19	U51109WB1998PLC087663	DARJEELING POWER LIMITED	Director	17/09/2004	17/09/2004	11/12/2008	Active	NO
20	L17110MH1935PLC002241	SHREE RAM URBAN INFRASTRUCTURE LIMITED	Director	25/08/2005	25/08/2005	-	Active	NO
21	L00000CH1983PLC031318	SAB INDUSTRIES LIMITED	Director	30/12/2005	30/12/2005	-	Active	NO
22	U45200MH2006PLC158665	DIGHI PROJECT DEVELOPMENT COMPANY LTD	Director	5/1/2006	5/1/2006	-	Active	NO
23	U35110MH2005PLC151518	BALAJI SHIPPING AND LOGISTICS LIMITED	Director	27/04/2006	27/04/2006	-	Active	NO
24	U51909WB1995PTC076031	SIMPARK INFRASTRUCTURE PRIVATE LIMITED	Director	30/11/2006	30/11/2006	3/2/2011	Active	NO
25	L17120MH1990PLC058361	S KUMARS NATIONWIDE LIMITED	Director	17/07/2007	3/2/2007	-	Active	NO
26	U73100MH1970NPL014686	M.VISVESVARAYA INDUSTRIAL RESEARCH AND DEVELOPMENT CENTRE	Director	25/09/2007	25/09/2007	-	Active	NO
27	U22120MH1985PTC035722	COURIER PUBLICATIONS PRIVATE LIMITED	Director	26/09/2008	25/09/2007	-	Active	NO
28	U45203MH2008PLC183839	DIGHI RAIL INFRASTRUCTURE LIMITED	Director	23/06/2008	23/06/2008	-	Active	NO
29	U45202MH2008PTC185677	DIGHI TERMINALS PRIVATE LIMITED	Director	11/8/2008	11/8/2008	-	Active	NO
30	U51109MH1924PLC001107	GANNON DUNKERLEY AND COMPANY LIMITED	Director	9/9/2010	11/12/2008	-	Active	NO
31	L36911RJ1990PLC005651	GOENKA DIAMOND AND JEWELS LIMITED	Director	31/07/2009	31/07/2009	-	Active	NO
32	U74999MH2011PTC218985	DIGHI LOGISTICS PRIVATE LIMITED	Director	22/06/2011	22/06/2011	-	Active	NO

Name :

Mr. Om Prakash Chawla

Designation :

Director

Address :

B-204, Natasha Enclave, NIBM Road, Pune, Mumbai – 411048, Maharashtra, India

Date of Birth/Age :

15.02.1934

Date of Appointment :

25.08.2005

DIN :

00026712

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	L74899DL1996PLC077120	PNB GILTS LIMITED	Director	11/4/1996	11/4/1996	-	Active	NO
2	L65990MH1991PLC060535	LANDMARC LEISURE CORPORATION LIMITED	Director	24/11/1997	24/11/1997	13/02/2009	Active	NO
3	L17110MH1935PLC002241	SHREE RAM URBAN INFRASTRUCTURE LIMITED	Director	25/08/2005	25/08/2005	-	Active	NO
4	L18101MH1997PLC111924	PROVOGUE (INDIA) LIMITED	Director	24/08/2006	31/03/2006	28/05/2009	Active	NO
5	L72200MH1995PLC085488	ALLIED DIGITAL SERVICES LIMITED	Director	23/05/2006	23/05/2006	16/02/2009	Active	NO
6	U45201MH2006PTC165516	RAGHUVEER URBAN CONSTRUCTIONS COMPANY PRIVATE LIMITED	Director	18/03/2009	18/03/2009	25/09/2009	Active	NO

Name :

Mr. Lalitmohan Ew Franklin

Designation :

Director

Address :

A-1, Konark Estate, 10 Bund Garden Road, Pune, Mumbai – 411001, Maharashtra, India

Date of Birth/Age :

14.04.1938

Date of Appointment :

25.08.2005

DIN :

00625540

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	L17110MH1935PLC002241	SHREE RAM URBAN INFRASTRUCTURE LIMITED	Director	25/08/2005	25/08/2005	Active	NO
2	U45202MH2009PTC192761	SRM SITES PRIVATE LIMITED	Director	28/10/2009	28/10/2009	Active	NO
3	U45202MH2009PTC194471	RAGHUVEER SUBURBAN INFRASTRUCTURE PRIVATE LIMITED	Director	1/12/2010	1/12/2010	Active	NO

Name :

Mr. Mohan Motiram Jayakar

Designation :

Director

Address :

12, Makani Manor, 1^st Floor, Peddar Road, Mumbai – 400026, Maharashtra, India

Date of Birth/Age :

08.10.1951

Date of Appointment :

18.03.2009

DIN :

00925962

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	L74940MH1992PLC067864	PHOTOQUIP (INDIA) LIMITED	Director	24/11/1993	24/11/1993	-	Active	NO
2	L17231MH1993PLC071975	EZ-COMM TRADE TECHNOLOGIES LIMITED	Additional director	11/3/2011	25/02/1994	-	Active	NO
3	U63040MH1994PTC077887	CHIRAG TRAVELS PRIVATE LIMITED	Director	18/08/1994	18/08/1994	15/02/2010	Active	NO
4	L29200MH1978PLC020434	EVEREST KANTO CYLINDER LIMITED	Director	5/7/2005	5/7/2005	-	Active	NO
5	U51909MH2004PTC144475	DIVRAJ TRADING PRIVATE LIMITED	Director	5/9/2005	5/9/2005	-	Active	NO
6	U63090MH1985PLC035059	SATYA GIRI SHIPPING COMPANY LIMITED	Director	29/09/2007	1/12/2006	-	Active	YES
7	U72300MH2007PTC170537	EZ-COMM WIRELESS INDIA PRIVATE LIMITED	Director	3/5/2007	3/5/2007	30/07/2008	Active	NO
8	L24221KA1969PLC001799	MYSORE PETRO CHEMICALS LIMITED	Director	21/09/2007	16/06/2007	-	Active	NO
9	L17110MH1941PLC003429	BIRLA COTSYN (INDIA) LIMITED	Director	24/10/2008	6/12/2007	-	Active	NO
10	U51909MH2007PTC169136	MACROCOSM INDUSTRIES PRIVATE LIMITED	Additional director	2/6/2008	2/6/2008	5/6/2009	Active	NO
11	L17110MH1935PLC002241	SHREE RAM URBAN INFRASTRUCTURE LIMITED	Director	24/06/2009	18/03/2009	-	Active	NO
12	U45202MH2008PTC187183	MACROCOSM INFRASTRUCTURE AND POWER PRIVATE LIMITED	Director	5/6/2009	5/6/2009	-	Active	NO
13	U74990MH2008PTC188995	VERICOM GLOBAL PRIVATE LIMITED	Director	15/09/2009	15/09/2009	-	Active	YES
14	L92411MH2003PLC140134	TALWALKARS BETTER VALUE FITNESS LIMITED	Director	23/09/2010	9/10/2009	-	Active	NO

Name :

Mrs. Poornima Govind Advani

Designation :

Director

Address :

73/63, Mehrdad, Cuffe Parade, Mumbai – 400005, Maharashtra, India

Date of Birth/Age :

29.07.1960

Date of Appointment :

18.03.2009

DIN :

02626450

Name :

Mr. Naresh Kumar Sethi

Designation :

Director

Address :

Rishabh Deep, 4/83, Surya Path, Jawahar Nagar, Jaipur – 302004, Rajasthan, India

Date of Birth/Age :

08.02.1937

Date of Appointment :

14.05.2011

DIN :

03554868

KEY EXECUTIVES

Name :	Ms. Manju Balaram Batham
Designation :	Secretary
Address :	C – 39/002, Sector – 5, Shanti Nagar, Mira Road [East], Mumbai – 401107, Maharashtra, India
Date of Birth/Age :	28.01.1971
Date of Appointment :	02.01.2009
PAN :	AFAPB0207K

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2011

Category of Shareholders	No. of Shares	Percentage of Holding
(A) Shareholding of promoters and Promoter Group
1. Indian
Individuals / Hindu Undivided Family	2234800	5.43
Bodies Corporate	26171012	63.62
Sub Total (A) (1)	28405812	69.05
(B) Public Shareholding
1. Institutions
Financial Institutions / Banks	420	-
Insurance Companies	129000	0.31
Foreign Institutional Investors	2079035	5.05
Sub Total (B) (1)	2208455	5.37
2. Non Institutions
Bodies Corporate	7744421	18.83
Individual shareholders holding nominal share capital up to Rs. 0.100 million	1341731	3.26
Individual shareholders holding nominal share capital in excess of Rs. 0.100 million	1405840	3.42
Any other [speicfy]	28281	0.07
Clearing Members	1260	-
NRI	26721	0.06
Trusts	300	-
Sub Total (B) (2)	10520273	25.58
(B) = (B) (1) + (B) (2)	12728728	30.94
Total (A) + (B)	41134540	100.00
Shares held by custodians and against which depository receipts have been issued (C)	-	-
Total (A) + (B) +(C)	41134540	-

As on 28.06.2011

Equity Share Break Up Category	Percentage
Foreign holdings( Foreign institutional investor(s), Foreign companie’s Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	7.47
Public Financial Companies	0.46
Bodies corporate	74.34
Directors or relatives of Directors	9.85
Other top fifty shareholders	3.75
Others	4.13
Total	100.00

BUSINESS DETAILS

Line of Business :

The Company is engaged in the trade of textile products in India. Primarily sells fabrics. It also involves in the development of real estate properties.

Products :

Products Description	ITC Code No.
Fabrics	5515
Real Estate Development	Not Applicable

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

Oriental Bank of Commerce, Peddar Road Branch, Bhagwat Niwas, Ground Floor, Opposite Jindal Mansion, Peddar Road,, Mumbai - 400026, Maharashtra, India

Facilities :

Secured Loan	Rs. In Millions 31.12.2010	Rs. In Millions 31.12.2009
Term Loans
From Banks i) Term loans (Secured against pari passu charge with lenders, on mortgage of portion of land bearing plot No.5B and 6, on mortgage on the property together with Building and Structures thereon, -on project receivables -mortgage and charge /assignment by way of all rights, title, ; interest, claims, benefits, demands under the project ! documents both present and future, -on Escrow Account and DSR Account, -personal guarantee of one of the Directors, -pledge of 74,28,454 shares (P.Y.: 74,28,454) of the Company held by promoters -Corporate Guarantee of promoter, Akhilesh Developers Pvt. Ltd (Amount repayable within one year Rs 4216.489 millions	4216.489	3652.011
ii) Vehicle loans (Secured against hypothecation of assets financed) (Amount repayable within one year Rs. 1.269 millions	1.889	3.447
From others (Secured against hypothecation of assets financed, pledge of 7,47,830 shares (P.Y.: 7,47,830 shares) of Company held by promoters and personal Guarantee of one of the Directors) (Amount repayable within one year Rs. 174.824 millions	291.762	238.866
Total	4510.140	3894.324
Unsecured Loan	Rs. In Millions 31.12.2010	Rs. In Millions 31.12.2009
Loans from Corporates	53.399	716.184
Total	53.399	716.184

Banking Relations :	--
Financial Institutions :	SREI Equipment Finance Private Limited, 'Vishwakarma', 86c, Topsia Road, Kolkata - 700046, West Bengal, India
Auditors :
Name :	Habib and Company Chartered Accountants
Address :	75, Patharia Palace, Mohamedali Road, Mumbai – 400003, Maharashtra, India
PAN :	AAAFH1231L
Name :	Khandelwal Jain and Company Chartered Accountants
Address :	6B, PIL Court, 6^th Floor, 111, M. K. Road, Mumbai – 400020, Maharashtra, India
PAN :	AAAFK0985C
Associates/Subsidiaries :	SRM SITES PRIVATE LIMITED CIN : U45202MH2009PTC192761 SHREE RAM REALINFRA VENTURES PRIVATE LIMITED CIN : U45202MH2009PTC194506 RAGHUVEER SUBURBAN INFRASTRUCTURE PRIVATE LIMITED CIN : U45202MH2009PTC194471

CAPITAL STRUCTURE

As on 28.06.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
95,711,120	Equity Shares	Rs. 10/- each	Rs. 957.111 Millions
253,888	Preference Shares	Rs.100/-each	Rs. 25.389 Millions
	Total		Rs.1000.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
28,174,940	Equity Shares	Rs. 10/- each	Rs.281.749 Millions
253,888	Preference Shares	Rs.100/-each	Rs. 25.389 Millions
	Total		Rs.307.138 millions

As on 31.12.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
95,711,120	Equity Shares	Rs. 10/- each	Rs. 957.111 Millions
136,877	11% Redeemable Preference Shares	Rs.100/-each	Rs. 13.688 Millions
117,011	0% Redeemable Preference Shares	Rs.100/-each	Rs. 11.701 Millions
1,750,000	Unclassified Shares	Rs.10/-each	Rs. 17.500 Millions
	Total		Rs.1000.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
20,634,540	Equity Shares	Rs. 10/- each	Rs.206.345 Millions
136,877	11% Redeemable Preference Shares	Rs.100/-each	Rs. 13.688 Millions
117,011	0% Redeemable Preference Shares	Rs.100/-each	Rs. 11.701 Millions
	Total		Rs.231.734 millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

Particulars		31.12.2010	31.12.2009	31.12.2008
SHAREHOLDERS FUNDS
1] Share Capital		231.734	231.734	231.734
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		0.174	30.837	168.815
4] (Accumulated Losses)		[131.809]	0.000	0.000
NETWORTH		100.099	262.571	400.549
LOAN FUNDS
1] Secured Loans		4510.140	3894.324	1956.130
2] Unsecured Loans		53.399	716.184	102.615
TOTAL BORROWING		4563.539	4610.508	2058.745
Convertible Equity Shares Warrants		717.500	157.500	21.722
TOTAL		5381.138	5030.579	2481.016
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1780.077	1684.052	1663.710
Capital work-in-progress		0.719	36.932	27.318
INVESTMENT		10.200	10.000	0.000
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	6184.262	3910.061	2114.040
	Sundry Debtors	73.419	70.430	245.136
	Cash & Bank Balances	547.835	325.556	195.986
	Interest Accrued but not due	9.442	3.489	5.020
	Loans & Advances	2581.022	1887.890	957.859
Total Current Assets		9395.980	6197.426	3518.041
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	553.602	144.387	176.544
	Other Current Liabilities	5249.596	2804.625	2656.277
	Provisions	2.640	2.412	2.418
Total Current Liabilities		5805.838	2951.424	2835.239
Net Current Assets		3590.142	3246.002	682.802
MISCELLANEOUS EXPENSES		0.000	53.593	107.186
TOTAL		5381.138	5030.579	2481.016

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.12.2010	31.12.2009	31.12.2008
	SALES
		Income	346.033	397.332	391.516
		Other Income	1.817	1.891	3.524
		TOTAL (A)	347.850	399.223	395.040
Less	EXPENSES
		Trading Purchases	317.326	396.922	326.721
		Payments to and Provision for Employees	5.427	4.972	5.036
		Administration and Other Expenses	105.638	122.214	90.677
		Provision for Impairment loss	72.835	23.247	31.637
		Prior period adjustments	0.512	[0.242]	0.215
		TOTAL (B)	501.738	547.113	454.286
	PROFIT/[LOSS] BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		[153.888]	[147.890]	[59.246]
Less	FINANCIAL EXPENSES (D)		0.106	0.076	0.337
	PROFIT/[LOSS] BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		[153.994]	[147.966]	[59.583]
Less/ Add	DEPRECIATION/ AMORTISATION (F)		8.430	11.302	12.918
	PROFIT / [LOSS] BEFORE TAX (E-F) (G)		[162.424]	[159.268]	[72.501]
Less	TAX (H)		0.047	[21.290]	23.650
	PROFIT / [LOSS] AFTER TAX (G-H) (I)		[162.471]	[137.978]	[96.151]
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		15.663	153.641	249.792
	BALANCE CARRIED TO THE B/S		[146.808]	15.663	153.641
	Earnings/[Loss] Per Share (Rs.)		[7.87]	[6.69]	[4.66]

QUARTERLY RESULTS

PARTICULARS	31.03.2011	30.06.2011	30.09.2011
Type	1^st Quarter	2^nd Quarter	3^rd Quarter
Sales Turnover	81.170	2732.740	433.540
Total Expenditure	85.680	2706.770	442.580
PBIDT (Excl OI)	[4.510]	25.970	[9.040]
Other Income	0.210	0.350	0.610
Operating Profit	[4.300]	26.320	[8.430]
Interest	0.050	0.020	0.050
Exceptional Items	0.000	0.000	0.000
PBDT	[4.350]	26.300	[8.480]
Depreciation	0.160	0.160	0.200
Profit Before Tax	[4.490]	26.130	[8.680]
Tax	0.010	3.290	0.010
Reported PAT	[4.500]	22.840	[8.680]
Extraordinary Items	0.000	0.000	0.000
Prior Period Expenses	0.000	0.000	0.000
Other Adjustments	0.000	0.000	0.000
Net Profit	[4.500]	22.840	[8.680]

KEY RATIOS

PARTICULARS		31.12.2010	31.12.2009	31.12.2008
PAT / Total Income	(%)	[46.71]	[34.56]	[24.34]
Net Profit Margin (PBT/Sales)	(%)	[46.94]	[40.08]	[18.52]
Return on Total Assets (PBT/Total Assets}	(%)	[1.45]	[2.02]	[1.40]
Return on Investment (ROI) (PBT/Networth)		[1.62]	[0.61]	[0.18]
Debt Equity Ratio (Total Liability/Networth)		103.59	28.80	12.22
Current Ratio (Current Asset/Current Liability)		1.62	2.10	1.24

LOCAL AGENCY FURTHER INFORMATION

HISTORY : Shree Ram Urban Infrastructure Limited was formerly known as Shree Ram Mills Limited and changed its name to Shree Ram Urban Infrastructure Limited in November 2006. The company is based in Mumbai, India

Financial highlights

The Company incurred a loss of Rs. 162.471 millions as compared to a loss of Rs.137.978 millions in the previous year.

Business

The Company is in the business of real estate and textiles. Presently, the Company is implementing its residential project of iconic green building known in the name of “Palais Royale” at its Worli estate. The Company is expecting to be one of the lead players in the market of Real Estate and construction industry in the near time to come.

Insurance

The building, site construction and electrical installation have been covered for all probable risks.

Subsidiaries

During the year :

a. Raghuveer Suburban Infrastructure Private Limited became subsidiary of the Company with effect from 14.01.2010.

b. Shree Ram Realinfra Ventures Private Limited became subsidiary of the Company with effect from 24.02.2010.

SRM Sites Private Limited is a Subsidiary of the Company since last financial year, i.e., 24.08.2009.

SRM Sites Private Limited is a material, non-listed subsidiary Company and all other Companies are non-material, non-listed Subsidiary Companies as defined under Clause 49 of the Listing Agreement entered into with the Stock Exchange.

MANAGEMENT DISCUSSION AND ANALYSIS

Industry Developments

The year showed continued lacklustre market conditions even though the Indian real estate sector continues to play a significant role in the country's economy. The real estate sector has also contributed largely in terms of employment generation and towards the gross domestic product. Approximately five percent of the country's GDP is contributed to by the housing sector. Their outlook remains positive over the long term. However, in the short term, and particularly in the current fiscal year, market demand will continue to remain weak resulting in increasing pressure both on liquidity and margins of real estate companies.

Green Building

Their upcoming Palais Royale is LEEDS platinum pre-certified. We have also recently received a 5 Palm rating from CETEC in Australia. They are taking significant efforts to ensure that they do their bit in creating "green" sustainable structures, and they are confident that in times to come, their thrust on the eco-friendly sector will pay rich dividends in terms of premium pricing and increased market demand.

Information Technology

The Company is using latest information technology in its engineering as well as project implementation systems, including 3D technology.

Bankers Charges Report as per Registry

Corporate identity number of the company	L17110MH1935PLC002241
Name of the company	SHREE RAM URBAN INFRASTRUCTURE LIMITED
Address of the registered office or of the principal place of business in India of the company	Shree Ram Mills Limited, Ganapatrao Kadam Marg, Lower Parel, Mumbai – 400013, Maharashtra, India
This form is for	Creation of charge
Type of charge	Others - Vehicle i. e Land Rover Freelander 2.2 SD4 HSE
Particular of charge holder	Oriental Bank of Commerce, Peddar Road Branch, Bhagwat Niwas, Ground Floor, Opposite Jindal Mansion, Peddar Road,, Mumbai - 400026, Maharashtra, India
Nature of instrument creating charge	Agreement of Tem Loan
Date of instrument Creating the charge	22.11.2011
Amount secured by the charge	Rs.3.300 millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest - Interest @ 12.25% p.a or such other rate as agreed between the borrower and the bank from time to time. Penal int. @ 2% p.a over and above the normal interest rate in case of default. Terms of Repayment – Amount of Installment - Rs.110 million Due date of Payment of 1st Installment - 01/12/2011 Number and Periodicity of Installments - 36 (Monthly) Margin - Margin @ 32.73 % or such other rate as agreed between the borrower company and the bank from time to time. Extent and Operation of the charge - At the request of the borrower company, the bank has sanctioned Term Loan of Rs. 3.300 millions against Hypothecation of Motor Vehicle i. e Land Rover Free lander 2.2 SD4 HSE.
Short particulars of the property or asset(s) charged (including complete address and location of the property)	Hypothecation of Motor Vehicle i. e Land Rover Free lander 2.2 SD4 HSE.

FIXED ASSETS :

• Land
• Building
• Roads
• Heavy Earth Moving Machine
• Motor Buses and Lorries
• Laboratory Equipments
• Plant and Machinery
• Furniture and Fixtures
• Computer
• Office Equipments
• Electrical Installations
• Vehicles
• Air Conditioner
• Fire Extinguisher

FINANCIAL RESULTS FOR THE 3 MONTHS ENDED ON 30.06.2011

Particulars	3 months ended 30.06.2011	Previous accounting year ended 31.03.2011
Income
a) Net Sales / Income from Operations	460.400	1023.800
b) Other Operating Income	-	-
Total Operating Income	460.400	1023.800
Expenditure
(a) Consumables and Spares	71.600	262.200
(b) Project Expenses	48.700	14.800
(c) Dry Dock Expenditure Incurred	0.000	323.800
(d) Employees Cost	154.100	642.000
(e) Depreciation	68.900	264.700
(f) Other Expenditure	59.100	324.800
Total Expenditure	402.400	1832.300
Profit / (Loss) From Operations before other Income Interest & Exceptional Items	58.000	[808.500]
Other Income	41.000	133.500
Profit/(Loss) before Interest and Exceptional items	99.000	[675.000]
Interest	0.0400	3.900
Profit / (Loss) after interest before Exceptional items	98.600	[678.900]
Exceptional Items	0.000	[44.400]
Profit / (Loss) From Ordinary activities before Tax	98.600	[634.500]
Tax Expenses	12.300	33.100
Net Profit/(Loss) From Ordinary activities after Tax	86.300	[667.600]
Extraordinary Items	-	-
Net Profit/(Loss) for the period	86.300	[667.600]
Paid Up Equity Share Capital ( Face Value of the share Rs.10/- each )	339.000	339.000
Reserves (Excluding Revaluation Reserves)	-	4131.500
Public Share Holding
Before Extraordinary Items
-Basic	2.55	[19.69]
-Diluted	2.55	[19.69]
After Extraordinary Items
-Basic	2.55	[19.69]
-Diluted	2.55	[19.69]
Average of Public Share Holding
- Number of Shares	8475000	8475000
- Percentage of shareholding	25	25
Promoters and Promoter group share holding
a) Pledged / Encumbered
- Number of Shares	-	-
- Percentage of share (as a % of the total shareholding of promoter and promoter group)	-	-
- Percentage of shares(as a % of the total share capital of the company)	-	-
b) Non-encumbered
- Number of Shares	25425000	25425000
- Percentage of Share (as a % of the total shareholding of promoter and promoter group)	100	100
- Percentage of Share (as a % of the total share capital of the company)	75	75

1. Turnover during the current 3 months period ended 30.06.2011 is higher due to increased vessel operation days. One of company’s vessel is due for statutory maintenance during the end of next quarter

2. Foreign exchange violation case related ti import of land drilling rig continues to be pending before hon’ble court at Mumbai. The company believes there was no contravention of FERA, hence no provision has been against the penalty of Rs.100.000 millions imposed by directorate of Enforcement.

3. SEGMENT REPORT

Particulars	3 months ended 30.06.2011	Previous accounting year ended 31.03.2011
1. SEGMENT REVENUE
Domestic	161.600	483.800
Overseas	299.800	540.000
Total	460.400	1023.800
Less : Inter Segment Revenue	0.000	0.000
Net Sales/Income from operations	460.400	1023.800
2. SEGMENT RESULT : Profit/(loss) Before tax and interest from each segment
Domestic	36.800	36.800
Overseas	62.200	[667.400]
Total	99.000	[630.600]
Less :
Interest	0.400	3.900
Total Profit Before Tax	98.600	[634.500]
3. CAPITAL EMPLOYED*	4556.900	4470.500

*Capital employed has not been identified with any of the reportable segments, as the assets used in the company’s business and the liabilities contracted are used interchangeably between segments.

4 The previous period figures have been regrouped / reclassified where necessary.

5 Information on investor complaints for the quarter [nos.] : opening balance – Nil, addition – 5, Disposals – 5, Closing Balance – Nil

6 The above results and this advertisement have been reviewed by the audit committee and approved abd taken on record by the board of directors at a meeting held on 26.07.2011.

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	Indian Rupees
US Dollar	1	Rs.52.72
UK Pound	1	Rs.82.70
Euro	1	Rs.68.90

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	2
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		29

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
-	NB	New Business	-

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.