MIRA INFORM REPORT

Report Date :

07.11.2011

IDENTIFICATION DETAILS

Name :	IL AND FS EDUCATION AND TECHNOLOGY SERVICES LIMITED
Registered Office :	3^rd Floor, Quadrant ‘D’, The IL and FS Financial Centre, Plot C-22, G-Block, Bandra - Kurla Complex, Bandra (East), Mumbai – 400051, Maharashtra
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	18.12.1997
Com. Reg. No.:	11-112535
Capital Investment / Paid-up Capital :	Rs. 323.182 Millions
CIN No.: [Company Identification No.]	U80220MH1997PLC112535
TAN No.: [Tax Deduction & Collection Account No.]	MUM105436E
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Provide Integrated Learning Program for School and Large Scale Training and Development Program for School, Government and Corporate, undertake various E – Governance Mandates under Agriculture, Health, IT, Infrastructure, Rural Development and Social Welfare Sector.
No. of Employees :	300 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (47)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 4000000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is a well established company having satisfactory track. Trade relations are reported as fair. Business is active. Payments are reported to be usually correct and as per commitments. The company can be considered normal 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.

INFORMATION PARTED BY

Name :	Mr. Arvind Trivedi
Designation :	Deputy General Manager In Finance
Contact No.:	91-22-67809292
Date :	03.11.2011

LOCATIONS

Registered/ Head Office :	3^rd Floor, Quadrant ‘D’, The IL and FS Financial Centre, Plot C-22, G-Block, Bandra - Kurla Complex, Bandra (East), Mumbai – 400051, Maharashtra, India
Tel. No.:	91-22-67809292
Fax No.:	91-22-66947700
E-Mail :	arvind.trivedi@ilfsets.com info@ilfsets.com varsha.sawant@ilfsets.com
Website :	www.ilfsets.com
Location :	Owned
Delhi Head Office :	3rd Floor, NTBCL Building, Toll Plaza, DND Flyway, Noida, India
Tel. No.:	91-120-2512823 / 2512267
Regional Offices:	Located at: Jharkhand Karnataka Kerala Madhya Pradesh Maharashtra Orissa Punjab Rajasthan Tamilnadu Uttar Pradesh Noida West Bengal Andhra Pradesh Bihar Assam Gujarat Jammu Kashmir Srinagar

DIRECTORS

As on 30.09.2010

Name :	Mr. Ravi Parthasarathy
Designation :	Director
Address :	Vinayak Angan, 12^th Floor, Near Bengal Chemicals, Opposite V.I.P Lounge, Old Prabhadevi Road, Mumbai – 400018, Maharashtra, India
Date of Birth/Age :	04.10.1952
Date of Appointment :	12.01.1998
DIN NO:	00002392

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	U65990MH1987PLC044571	Infrastructure Leasing And Financial Services Limited	Whole-time director	05-05-08	06-07-89	-	Active	NO
2	U91990TZ1995PLC005869	New Tirupur Area Development Corporation Limited	Nominee director	24-02-95	24-02-95	05-10-10	Active	NO
3	U99999MH1995PLC086014	Orix Auto Infrastructure Services Limited	Nominee director	02-03-95	02-03-95	-	Active	NO
4	L65999MH1986PLC147981	IL and Fs Investment Managers Limited	Director	25-09-96	25-09-96	-	Active	NO
5	U80220MH1997PLC112535	IL and FS Education and Technology Services Limited	Director	12-01-98	12-01-98	-	Active	NO
6	U67120MH1997PLC110386	HSBC Investdirect (India) Limited	Director	02-04-98	02-04-98	29-09-08	Active	NO
7	U45209TN1998PLC040572	tamil nadu road development company limited	Nominee director	28-05-98	28-05-98	09-10-07	Active	NO
8	U45201DL1999PLC125988	IL and Fs infrastructure development corporation limited	Director	04-03-04	04-03-04	-	Active	NO
9	U74999HR1991PLC043720	A2z Infra Management and Services Limited	Director	23-12-04	23-12-04	01-10-10	Active	NO
10	U72900DL2000PLC187530	IL and FS Ecosmart Limited	Director	15-09-05	15-09-05	17-07-07	Amalgamated	NO
11	L35110GJ1997PLC033193	Pipavav Defence And Offshore Engineering Company Limited	Nominee director	29-09-06	30-12-05	02-01-08	Active	NO
12	U73100KA2004PLC035260	Manipal Acunova Limited	Nominee director	16-01-06	16-01-06	30-11-09	Active	NO
13	L45203MH2000PLC129790	IL and FS Transportation Networks Limited	Nominee director	05-07-06	08-06-06	-	Active	NO
14	U65990MH1995PLC093241	IL and FS Financial Services Limited	Director	11-06-07	26-10-06	-	Active	NO
15	L45101UP1996PLC019759	Noida Toll Bridge Company Limited	Alternate director	22-01-08	26-10-06	21-04-08	Active	NO
16	U67190MH2006PLC162433	IL and FS Urban Infrastructure Managers Limited	Alternate director	23-01-07	23-01-07	14-07-08	Active	NO
17	U66020MH2006PLC161439	IL and FS Asian Infrastructure Managers Limited	Alternate director	20-02-07	20-02-07	30-09-08	Active	NO
18	U70109DL2006PLC153767	IL and FS Cluster Development Initiative Limited	Director	30-05-08	17-07-07	-	Active	NO
19	U45201MH2006PLC165803	IL and FS Maritime Infrastructure Company Limited	Director	23-05-08	14-08-07	-	Active	NO
20	U40300DL2007PLC163679	IL and FS Energy Development Company Limited	Director	22-07-08	19-06-08	-	Active	NO
21	L45201AP1988PLC008624	IL and FS Engineering And Construction Company Limited	Director	09-11-09	29-09-09	-	Active	NO
22	U80904DL2011PLC213135	IL and FS Skills Development Corporation Limited	Director	21-09-11	02-05-11	-	Active	NO

Name :	Mr. Arvind Malhotra
Designation :	Director
Address :	Plot No. 655, Shreenathji, Flat No. 703, 7^th Floor, 16^th Cross Road, Khar, Mumbai – 400052, Maharashtra, India
Date of Birth/Age :	25.01.1947
Date of Appointment :	19.01.1998
DIN NO:	01312057

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	U80220MH1997PLC112535	IL and FS Education and Technology Services Limited	Director	19-01-98	19-01-98	-	Active	NO
2	U51496MH1996PLC100815	Viswaat Chemicals Limited	Director	01-08-00	01-08-00	-	Active	NO
3	U74999MH1946PTC005120	Goldberg India Private Limited	Director	06-08-07	06-08-07	-	Active	YES

Name :	Mr. Hari Sankaran
Designation :	Director
Address :	29 B, Carter Road, Bandra (West), Mumbai – 400050, Maharashtra, India
Date of Birth/Age :	19.02.1961
Date of Appointment :	21.01.2010
DIN NO:	00002386

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	U74140RJ1997PLC014517	PDCOR LIMITED	Director	23-12-97	23-12-97	07-10-11	Active	NO
2	U45209TN1998PLC040572	TAMIL NADU ROAD DEVELOPMENT COMPANY LIMITED	Nominee director	28-05-98	28-05-98	29-06-09	Active	NO
3	U65990MH1987PLC044571	INFRASTRUCTURE LEASING AND FINANCIAL SERVICES LIMITED	Managing director	01-02-10	16-06-98	-	Active	NO
4	U65993TN2000PLC044029	TAMIL NADU WATER INVESTMENT COMPANY LIMITED	Director	29-07-00	29-07-00	-	Active	NO
5	U72900DL2000PLC187530	IL AND FS ECOSMART LIMITED	Director	17-10-00	17-10-00	19-06-08	Amalgamated	NO
6	L45203MH2000PLC129790	IL AND FS TRANSPORTATION NETWORKS LIMITED	Nominee director	29-11-00	29-11-00	-	Active	NO
7	U45201DL1999PLC125988	IL AND FS Infrastructure Development Corporation Limited	Director	04-03-02	04-03-02	-	Active	NO
8	U80220MH1997PLC112535	IL AND FS EDUCATION AND TECHNOLOGY SERVICES LIMITED	Director	30-09-10	01-04-02	-	Active	NO
9	U91990TZ1995PLC005869	NEW TIRUPUR AREA DEVELOPMENT CORPORATION LIMITED	Alternate director	17-09-04	17-09-04	-	Active	NO
10	U45203TN2003PLC050703	IT EXPRESSWAY LIMITED	Nominee director	21-03-06	21-03-06	29-06-09	Active	NO
11	U67190MH2006PLC162433	IL AND FS URBAN INFRASTRUCTURE MANAGERS LIMITED	Director	27-09-07	24-05-06	05-10-07	Active	NO
12	U74900MH2006PLC163937	OAIS AUTO FINANCIAL SERVICES LIMITED	Nominee director	21-08-06	21-08-06	04-08-07	Active	NO
13	U34101DL1993PLC053032	URBAN MASS TRANSIT COMPANY LIMITED	Director	22-08-06	22-08-06	21-02-07	Active	NO
14	U99999MH1995PLC086014	ORIX Auto Infrastructure Services Limited	Director	31-05-07	24-08-06	16-02-11	Active	NO
15	U74999MH1993PLC070724	IL and FS Technologies Limited	Director	11-10-06	11-10-06	10-07-07	Active	NO
16	U65990MH1995PLC093241	IL and FS FINANCIAL SERVICES LIMITED	Director	11-06-07	26-10-06	-	Active	NO
17	U45203RJ2004PLC019850	ROAD INFRASTRUCTURE DEVELOPMENT COMPANY OF RAJASTHAN LIMITED	Director	04-12-06	04-12-06	-	Active	NO
18	U65929GJ2007PLC051160	GUJARAT INTERNATIONAL FINANCE TEC-CITY COMPANY LIMITED	Director	08-07-08	28-06-07	-	Active	NO
19	U70109DL2006PLC153767	IL and FS Cluster Development Initiative Limited	Director	30-05-08	17-07-07	31-08-09	Active	NO
20	U45400TN2007PLC071125	IL and FS WATER LIMITED	Director	14-08-08	07-12-07	31-08-09	Active	NO
21	U65993GJ2008PLC053818	GIFT COLLECTIVE INVESTMENT MANAGEMENT COMPANY LIMITED	Director	17-05-08	17-05-08	31-08-09	Active	NO
22	U40300DL2007PLC163679	IL and FS Energy Development Company Limited	Managing director	19-06-11	19-06-08	-	Active	NO
23	U85320AP2002NPL039032	NATIONAL INSTITUTE FOR SMART GOVERNMENT	Director	30-03-09	30-03-09	15-03-11	Active	NO
24	U72200TN2006PLC060330	IL and FS TAMIL NADU POWER COMPANY LIMITED	Director	26-08-10	30-06-09	-	Active	NO
25	U45209KA2006PLC038590	MANGALORE SEZ LIMITED	Nominee director	01-09-10	11-08-09	-	Active	NO
26	L45201AP1988PLC008624	IL and FS Engineering and Construction Company Limited	Additional director	29-09-09	29-09-09	08-01-10	Active	NO
27	U45400DL2008PLC172316	Delhi Mumbai Industrial Corridor Development Corporation Limited	Nominee director	21-12-09	21-12-09	07-10-11	Active	NO
28	L45101UP1996PLC019759	NOIDA TOLL BRIDGE COMPANY LIMITED	Alternate director	22-01-10	22-01-10	28-04-10	Active	NO
29	U45201MH2006PLC165803	IL and FS MARITIME INFRASTRUCTURE COMPANY LIMITED	Director	24-09-10	28-07-10	-	Active	NO
30	U90001DL2007PLC166554	IL and FS Environmental Infrastructure and Services Limited	Director	30-09-11	29-03-11	-	Active	NO
31	U80904DL2011PLC213135	IL and FS Skills Development Corporation Limited	Additional director	02-05-11	02-05-11	21-09-11	Active	NO
32	U32202MH2007PLC176153	IL and FS RENEWABLE ENERGY LIMITED	Additional director	02-08-11	02-08-11	-	Active	NO

Name :	Mr. Alok Bhargava
Designation :	Director
Address :	Century Park, D – 24, Kashinath Dhuru Lane, Prabhadevi, Mumbai – 400025, Maharashtra, India
Date of Birth/Age :	23.11.1961
Date of Appointment :	02.08.2001
DIN NO:	00162746

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	U80220MH1997PLC112535	IL AND FS EDUCATION AND TECHNOLOGY SERVICES LIMITED	Director	01-04-07	02-08-01	-	Active	NO
2	U65990MH1995PLC093241	IL AND FS FINANCIAL SERVICES LIMITED	Whole-time director	01-04-07	01-04-07	21-11-07	Active	NO
3	L65999MH1986PLC147981	IL AND FS INVESTMENT MANAGERS LIMITED	Whole-time director	26-06-08	25-01-08	15-07-10	Active	NO
4	U90001DL2007PLC166554	IL and FS Environmental Infrastructure and Services Limited	Director	29-09-10	04-02-09	-	Active	NO
5	U72300HR2008PTC038097	Syniverse Technologies (India) Private Limited	Director	31-03-09	05-02-09	-	Active	NO
6	U45200AP1992PLC014925	SHALIVAHANA GREEN ENERGY LIMITED	Nominee director	26-09-09	29-05-09	28-12-10	Active	NO
7	U74900TN2007PLC065176	INTEGRATED WASTE MANAGEMENT AND URBAN SERVICES COMPANY ( TAMILNADU) LIMITED	Director	16-09-09	24-06-09	-	Active	NO
8	U74999MH1993PLC070724	IL and FS Technologies Limited	Nominee director	30-06-09	30-06-09	-	Active	NO
9	U37200DL2010PTC210697	Tierra Enviro Private Limited	Additional director	11-03-11	11-03-11	-	Active	NO
10	U85320AP2002NPL039032	NATIONAL INSTITUTE FOR SMART GOVERNMENT	Director	11-04-11	11-04-11	-	Active	NO
11	U80904DL2011PLC213135	IL and FS Skills Development Corporation Limited	Director	21-09-11	02-05-11	-	Active	NO
12	U63000MH2008PTC178289	FOR-SHE Travels and Logistics Private Limited	Director	27-09-11	20-09-11	-	Active	NO

Name :	Prof Arun Nigavekar
Designation :	Director
Address :	Flat No. 101/ 102, Near Sakal Nagar, Omkar, Building No. 3, Moreshwar Co- operative Housing Society, Baner Road, Pune – 411007, Maharashtra, India
Date of Birth/Age :	14.03.1942
Date of Appointment :	20.12.2005
DIN NO:	00702796

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	U80220MH1997PLC112535	IL and FS EDUCATION and TECHNOLOGY SERVICES LIMITED	Director	30-09-06	20-12-05	01-06-11	Active	NO
2	U72900PN1994PLC077095	SEED INFOTECH LIMITED	Director	29-09-08	01-10-07	-	Active	NO
3	U85300PN2008NPL132108	INTERNATIONAL LONGEVITY CENTRE- INDIA	Director	27-05-08	27-05-08	-	Active	NO
4	U80903PN2008PTC132433	SEAMLESS EDUCATION ACADEMY PRIVATE LIMITED	Director	16-07-08	16-07-08	31-03-10	Active	NO
5	U72900PN2009PTC133385	TOOLBOX ANIMATION STUDIO PRIVATE LIMITED	Director	19-01-09	19-01-09	01-12-09	Active	NO
6	U74900PN2009PTC133650	ARTHTECH KNOWLEDGE SOLUTIONS PRIVATE LIMITED	Director	30-09-10	30-05-09	-	Active	NO
7	U80903PN2010PLC137759	ACADEMY OF CAREERS and SKILL DEVELOPMENT LIMITED	Director	15-11-10	15-11-10	-	Active	NO
8	U74900PN2010PTC135777	Universal Training Solutions Private Limited	Director	10-09-11	01-04-11	-	Active	NO
9	L51900MH1985PLC035915	CORE Education and Technologies Limited	Whole-time director	26-05-11	15-04-11	-	Active	NO

Name :	Ms. Kumud Bansal
Designation :	Director
Address :	7-S, Dilwara, Maharshi Karve Road, Mumbai – 400021, India
Date of Birth/Age :	30.04.1946
Date of Appointment :	21.01.2007
DIN NO:	01831717

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	U80220MH1997PLC112535	IL and FS EDUCATION and TECHNOLOGY SERVICES LIMITED	Director	03-08-07	21-01-07	-	Active	NO

Name :	Mr. Sudhir Mankad
Designation :	Director
Address :	Plot No. 192, Sector 8-C, Gandhinagar – 382007, Gujarat, India
Date of Birth/Age :	05.08.1947
Date of Appointment :	20.12.2007
DIN NO:	00086077

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	L24110GJ1976PLC002903	GUJARAT NARMADA VALLEY FERTILIZERS CO LTD	Nominee director	31-03-05	31-03-05	31-08-07	Active	NO
2	L24110GJ1973PLC002247	GUJARAT ALKALIES AND CHEMICALS LIMITED	Director	01-04-05	01-04-05	01-09-07	Active	NO
3	L99999GJ1962PLC001121	GUJARAT STATE FERTILIZERS and MICALS LIMITED	Nominee director	01-04-05	01-04-05	03-09-07	Active	NO
4	U45200GJ1988SGC010493	SARDAR SAROVAR NARMADA NIGAM LIMITED	Director	29-04-05	29-04-05	31-08-07	Active	NO
5	U65929GJ2007PLC051160	GUJARAT INTERNATIONAL FINANCE TEC-CITY COMPANY LIMITED	Director	22-09-08	28-06-07	-	Active	NO
6	U40102GJ2007SGC051396	BHAVNAGAR ENERGY COMPANY LIMITED	Director	31-12-08	01-09-07	-	Active	NO
7	U80220MH1997PLC112535	IL and EDUCATION and HNOLOGY SERVICES LIMITED	Director	05-08-08	20-12-07	-	Active	NO
8	U65993GJ2008PLC053818	GIFT COLLECTIVE INVESTMENT MANAGEMENT COMPANY LIMITED	Director	07-05-08	07-05-08	-	Active	NO
9	L24110GJ1970PLC001735	DEEPAK NITRITE LIMITED	Director	30-07-09	13-05-09	-	Active	NO
10	L65923GJ1986PLC008809	GRUH FINANCE LIMITED	Additional director	14-01-10	14-01-10	-	Active	NO
11	L17110GJ1935PLC000494	SHRI DINESH MILLS LIMITED	Additional director	10-02-11	10-02-11	-	Active	NO
12	L24110MH1998PLC115499	NAVIN FLUORINE INTERNATIONAL LIMITED	Director	22-06-11	29-04-11	-	Active	NO
13	U80904DL2011PLC213135	IL and FS Skills development corporation limited	Director	21-09-11	28-07-11	-	Active	NO

Name :	Mr. RCM Reddy
Designation :	Managing Director
Address :	186, 1^st Floor, Munrika Enclave, Opposite Vasant Vihar Police Station, Delhi – 110067, India
Date of Birth/Age :	20.10.1963
Date of Appointment :	21.01.2010
DIN NO:	00060073

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	U70109DL2006PLC153767	IL and FS Cluster Development Initiative Limited	Managing director	17-07-10	14-09-06	-	Active	NO
2	U80903DL2006PLC155825	APPTEX Manpower Development Services Limited	Director	23-11-06	23-11-06	-	Active	NO
3	U67190MH2006PLC162433	IL and FS URBAN INFRASTRUCTURE MANAGERS LIMITED	Director	27-09-07	23-01-07	15-07-08	Active	NO
4	U51909DL2008PLC172927	APPTEX Marketing Services and Solutions Limited	Director	21-01-08	21-01-08	-	Active	NO
5	U19115UP2008PLC041646	KANPUR - UNNAO LEATHER CLUSTER DEVELOPMENT COMPANY LIMITED	Director	07-02-08	07-02-08	01-10-11	Active	NO
6	U80220MH1997PLC112535	IL and FS EDUCATION and TECHNOLOGY SERVICES LIMITED	Managing director	29-01-10	21-01-10	-	Active	NO
7	U72200KA2007PLC043206	KARNATAKA ENTERPRISE SOLUTIONS LIMITED	Director	20-02-11	31-08-10	-	Active	NO
8	U72200BR2006PLC012666	Bihar e-Governance Services and Technologies Limited	Nominee director	20-09-10	20-09-10	-	Active	NO
9	U72200JH2008PLC013151	Jharkhand e-Governance Solutions and Services Limited	Nominee director	20-10-10	20-10-10	-	Active	NO
10	U72200OR2008PLC009813	Orissa e-Governance Services Limited	Nominee director	22-10-10	22-10-10	-	Active	NO
11	U80904DL2011PLC213135	IL and FS Skills Development Corporation Limited	Director	28-01-11	28-01-11	-	Active	NO
12	U01403DL2011PTC214754	Flora and Animal Resources Management Private Limited	Director	24-02-11	24-02-11	-	Active	NO

Name :	Mr. Kumar Krishnan Iyer
Designation :	Nominee Director
Address :	Flat No. 2002, 20^th Floor, Odyssey II, Hiranandani Gardens, Powai, Mumbai – 400076, India
Date of Birth/Age :	28.05.1962
Date of Appointment :	21.01.2010
DIN NO:	01865617

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	U45200AP2005PTC047562	FACET CONSTRUCTION ENGINEERING PRIVATE LIMITED	Director	19-09-08	05-11-07	-	Active	NO
2	U55100MH2004PTC148815	SPLENDOUR HOSPITALITY PRIVATE LIMITED	Director	27-03-08	27-03-08	-	Active	YES
3	L27102WB1999PLC089755	JAI BALAJI INDUSTRIES LIMITED	Director	15-09-09	30-10-08	20-07-11	Active	NO
4	U67100MH2009PTC191898	IEP FUND ADVISORS PRIVATE LIMITED	Director	21-04-09	21-04-09	-	Active	NO
5	U70109DL2006PLC153767	IL and FS Cluster Development Initiative Limited	Nominee director	29-01-10	21-01-10	-	Active	NO
6	U80220MH1997PLC112535	IL and FS EDUCATION and TECHNOLOGY SERVICES LIMITED	Nominee director	29-01-10	21-01-10	-	Active	NO
7	U51909MH2002PTC135662	FOURCEE INFRASTRUCTURE EQUIPMENTS PRIVATE LIMITED	Alternate director	04-11-10	04-11-10	-	Active	NO
8	U63090MP1999PTC013434	SWASTIK ROADLINES PRIVATE LIMITED	Nominee director	20-12-10	20-12-10	-	Active	YES
9	U85300CH2010PTC032132	COMET HEALTHCARE and CONSULTING PRIVATE LIMITED	Additional director	31-12-10	31-12-10	-	Active	NO
10	U24236DL1986PTC023504	R.G. SCIENTIFIC ENTERPRISES Private Limited	Nominee director	30-09-11	20-04-11	-	Active	NO

Name :	Mr. Abhishek Sharman
Designation :	Nominee Director
Address :	Flat C 204, Wasoodew Co- operative Housing Society Limited, Surya Apartments, 79 Hill Road, Opposite Holy Family Hospital, Bandra West, Mumbai, India
Date of Birth/Age :	03.08.1980
Date of Appointment :	21.01.2010
DIN NO:	01329800

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	U74140KA2007PTC043909	IKYA Human Capital Solutions Private Limited	Nominee director	29-09-08	31-01-08	-	Active	NO
2	U80220MH1997PLC112535	IL and FS EDUCATION and TECHNOLOGY SERVICES LIMITED	Nominee director	29-01-10	21-01-10	-	Active	NO
3	U72200AP1997PTC027003	MAGNA INFOTECH PRIVATE LIMITED	Director	23-12-10	23-12-10	-	Active	NO
4	U85300CH2010PTC032132	COMET HEALTHCARE and CONSULTING PRIVATE LIMITED	Additional director	31-12-10	31-12-10	-	Active	NO
5	U55101DL2011PTC215385	Sagar Ratna Restaurants Private Limited	Director	15-07-11	15-07-11	-	Active	NO
6	U24236DL1986PTC023504	R.G. SCIENTIFIC ENTERPRISES Private Limited	Alternate director	04-08-11	04-08-11	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Arvind Trivedi
Designation :	Deputy General Manager In Finance
Name :	Varsha Shivaji Sawant
Designation :	Company Secretary
Address :	F/7-C, Viceroy Court, Thakar Village, Kandivali (East), Mumbai – 400101, India
Date of Birth/Age :	02.05.1966
Date of Appointment :	03.10.2002
PAN NO:	ARKPS2471E

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2010

Names of Shareholders	Percentage of Holding
A S Ramakrishna	50
Abhijit Mungale	50
Atul Suchak	50
Chitra Baskar	100
Dr. Sujit Chatterjee	50
Dr. Vivek Desai	150
Esther Malini	50
Kuldeep Chawla	100
Lokesh Chebium	50
Lynette Pereira	50
Manisha Agarwal	50
Manisha Thakur	50
Naresh Sasanwar	50
P Shridhar Reddy	50
P V K Mohan	100
Pankaj Agarwal	50
Priscilla Lobo	50
Rajesh Kumar Nair	50
Rajesh Sehgal	50
Ranjan Mishra	50
Richard Miranda	500
Richard Pereira	50
S C Charan	50
Sapana Sohani	50
Saurabh Misra	50
Shardul Shroff	1250
Sonal Shrivastava	50
Srinivas Chakravarthy	100
T S Kamath	100
U Nandakumar	50
V Shankar	5000
Vijay Joshi	100
Vivek Lodha	50
Winnie Saldanha	150

Equity Share Break up (Percentage of Total Equity)

AS ON 30.09.2010

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	27.43
Other top fifty shareholders	72.57
Total	100.00

BUSINESS DETAILS

Line of Business :	Provide Integrated Learning Program for School and Large Scale Training and Development Program for School, Government and Corporate, undertake various E – Governance Mandates under Agriculture, Health, IT, Infrastructure, Rural Development and Social Welfare Sector.
Terms :
Selling :	Cash and Credit (30 Days)
Purchasing :	Cash and Credit (30 Days)

GENERAL INFORMATION

Customers :

Wholesalers and Others

• School and Education Organisation

No. of Employees :

300 (Approximately)

Bankers :

Yes Bank Limited, 9^th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai – 400018, Maharashtra, India

Facilities :

Secured Loans	31.03.2010 Rs. in Millions	31.03.2009 Rs. in Millions
During the year the company issued 6000000 compulsorily convertible debentures (CCD) having face value of Rs. 100 each, partially secured against mortgage of immovable property valued by an independent government valuer at Rs. 10.855 Millions. Each debentures will be converted into equity share within 3 months from the date of adoption of accounts for the year ended March 31, 2010, by the board of the company or on September 30, 2010. whichever is earlier.	600.000	0.000
Total	600.000	0.000

Financial Institution:

IL and FS Trust Company Limited, IL and FS Financial Centre Plot No. C 22, G Block Bandra Kurla Complex, Bandra East, Mumbai – 400051, Maharashtra, India

Banking Relations :	--
Auditor 1 :
Name :	N M Raija and Company Chartered Accountants
Address :	Universal Insurance Building, 6^th Floor, Sir Pherozeshah Mehta Road, Fort, Mumbai – 400001, Maharashtra, India
PAN NO :	AAAFN4217G
Auditor 2:	Deloitte Haskin and Sells Chartered Accountants
Address:	Heritage, 3^rd Floor, Near Gujarat Vidhyapeeth, Off Ashram Road, Ahmedabad – 380014, Gujarat, India
PAN NO:	AABFD7919A
Holding Company :	Infrastructure Leasing and Financial Services Limited CIN NO: U65990MH1987PLC044571
Subsidiaries :	IL and FS Cluster Development Initiative Limited CIN NO: U70109DL2006PLC153767 Apptex Marketing Services and Solutions Limited CIN NO: U51909DL2008PLC172927 Apptex Manpower Development Services Limited CIN NO: U80903DL2006PLC155825

CAPITAL STRUCTURE

As on 31.03.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
75000000	Equity Shares	Rs. 10/- each	Rs. 750.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
32318235	Equity Shares	Rs. 10/- each	Rs. 323.182 Millions

As on 30.09.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
75000000	Equity Shares	Rs. 10/- each	Rs. 750.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
35746806	Equity Shares	Rs. 10/- each	Rs. 357.468 Millions

Note:

During the previous year the company had carried out a capital reduction in the paid up capital aggregating Rs. 323.182 Millions pursuant to a scheme approved by high court of judicature at Mumbai, on September 26, 2008. as per the terms of a scheme of restructuring filed by the company before the said court, under sections 78 and 100 to 104 of the companies act 1956, effective from July 1, 2008, out of an amount of Rs. 453.940 Millions lying in the debit balance in profit and loss account an amount of Rs. 323.182 Millions representing 50% of the paid up capital has been adjusted against the share capital and the balance amount of Rs. 130.757 Millions against the securities premium account. Further after taking approval of the members in the general meeting the residual share capital of Rs. 323.182 Millions represented by 64.636 Millions equity shares of Rs. 5/- each has been converted into 32.318 Millions equity shares of Rs. 10/- each.

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2010	31.03.2009	31.03.2008
SHAREHOLDERS FUNDS
1] Share Capital		323.182	323.182	646.364
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		712.834	510.371	563.135
4] (Accumulated Losses)		0.000	0.000	(471.691)
NETWORTH		1036.016	833.553	737.808
LOAN FUNDS
1] Secured Loans		600.000	0.000	0.000
2] Unsecured Loans		0.000	0.000	0.000
TOTAL BORROWING		600.000	0.000	0.000
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		1636.016	833.553	737.808
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		154.460	99.279	104.765
Capital work-in-progress		10.350	30.413	4.877
INVESTMENT		600.000	6.000	55.000
DEFERREX TAX ASSETS		44.200	87.000	100.607
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	40.911	53.098	17.432
	Sundry Debtors	812.556	515.225	284.040
	Cash & Bank Balances	80.404	34.507	21.581
	Other Current Assets	0.038	9.993	7.804
	Loans & Advances	215.473	316.642	274.706
Total Current Assets		1149.382	929.465	605.563
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	223.029	155.130	82.979
	Other Current Liabilities	58.457	56.707	36.843
	Provisions	40.890	106.767	13.182
Total Current Liabilities		322.376	318.604	133.004
Net Current Assets		827.006	610.861	472.559
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		1636.016	833.553	737.808

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008
	SALES
		Income	1163.807	917.618	593.052
		Other Income	37.693	37.458	34.772
		TOTAL (A)	1201.500	955.076	627.824
Less	EXPENSES
		Cost of sales – Traded Products	141.535	182.159	68.874
		Employees Cost	248.011	246.512	156.966
		Programme, Administrative and general expenses	460.315	300.284	250.034
		Prior Period Items	0.000	0.000	1.405
		Increase/ (Decrease) in work in progress	6.410	(17.949)	1.631
		TOTAL (B)	856.271	711.006	478.910
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		345.229	244.070	148.914
Less	INTEREST AND FINANCIAL EXPENSES (D)		2.718	0.438	0.043
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		342.511	243.632	148.871
Less/ Add	DEPRECIATION/ AMORTISATION (F)		36.113	25.203	31.053
	PROFIT BEFORE TAX (E-F) (G)		306.398	218.429	117.818
Less	TAX (H)		103.900	28.194	(97.448)
	PROFIT AFTER TAX (G-H) (I)		202.498	190.235	215.266
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		57.994	(471.691)	(714.471)
	ADJUSTMENT AS PER TRANSITIONAL PROVISIONS		0.000	0.000	(2.486)
	TRANSFERRED FROM GENERAL RESERVE		0.000	0.000	30.000
	TRANSFERRED FROM SECURITIES PREMIUM ACCOUNT		0.000	130.757	0.000
	ADJUSTMENT FOR CAPITAL REDUCTION		0.000	323.182	0.000
Less	APPROPRIATIONS
		Transfer to General Reserve	0.000	20.000	0.000
		Dividend	0.000	80.795	0.000
		Tax on Dividend	0.036	13.694	0.000
	BALANCE CARRIED TO THE B/S		260.456	57.994	(471.691)
	EARNINGS IN FOREIGN CURRENCY
		Export of Goods	0.000	2.000	0.000
		Export of services	2.161	2.973	0.000
	TOTAL EARNINGS		2.161	4.973	0.000
	Earnings Per Share (Rs.)		6.27	4.71	6.16

Particulars	31.03.2011
Sales Turnover (Approximately)	1500.000

Expected Sales (2011-2012): Rs. 2000.000 Millions

The above information has been parted by Mr. Arvind Trivedi.

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
PAT / Total Income	(%)	16.85	19.91	34.28
Net Profit Margin (PBT/Sales)	(%)	26.32	23.80	19.86
Return on Total Assets (PBT/Total Assets}	(%)	23.31	20.62	16.47
Return on Investment (ROI) (PBT/Networth)		0.29	0.26	0.15
Debt Equity Ratio (Total Liability/Networth)		0.89	0.38	0.18
Current Ratio (Current Asset/Current Liability)		3.56	2.91	4.55

LOCAL AGENCY FURTHER INFORMATION

SUNDRY CREDITORS DETAILS:

(Rs. in Millions)

Particulars	31.03.2010	31.03.2009	31.03.2008
Sundry Creditor	223.029	155.130	82.979
Total	223.029	155.130	82.979

Note:

1) On the basis of the information available with the company and intimation received from suppliers regarding their status under the micro, small and medium enterprise development Act, 2006. disclosure u/s 22 of the Act is as follows:

a) Principal amount remaining unpaid to suppliers as on March 31, 2010 Rs. 5.142 (Previous Year Rs. Nil) excluding retention money of Rs. Nil.

b) Amount of interest paid u/s 16 Rs. Nil.

c) Amount of interest due and remaining unpaid as on March 31, 2010 Rs. Nil.

d) Amount of interest accrued and remaining unpaid as on March 31, 2010 Rs. Nil.

e) Amount of interest due and payable for the period of delay in making payment (which have been paid beyond the appointed day during the year) but without adding the interest specified under this Act Rs Nil. The company has compiled the above information based on the current information ion its possession as at March 31, 2010 and the same has been relied upon by the auditors.

2) Sundry Creditors includes Rs. 3.135 Millions due to subsidiary company.

Check List:

Check List by info Agents	Available in Report (Yes/ No)
1) Year of Establishment	Yes
2)Locality of the Firm	Yes
3)Constitution of the Firm	Yes
4)Premises Details	Yes
5)Type of Business	Yes
6)Line of Business	Yes
7)Promoter’s Background	------------------
8)No. of Employees	Yes
9)Name of Person Contacted	Yes
10)Designation of Contact person	Yes
11)Turnover of Firm for last three years	Yes
12)Profitability for last three years	No
13)Reason for variation <> 20%	No
14)Estimated for coming financial year	No
15)Capital in the Business	No
16)Details of Sister Concern	Yes
17)Major Suppliers	No
18)Major Customer	Yes
19)Payment Terms	Yes
20)Export/ Import Details (if Applicable)	No
21)Market Information	------------------
22)Litigation that the Firm / Promoter	------------------
23)Banking Details	Yes
24)Banking facility details	Yes
25)Conduct of the Banking	-------------------
26)Buyer visit details	-------------------
27)Financials, if provided	Yes
28)Incorporation details, if applicable	-------------------
29)Last account filed at ROC	-------------------
30)Major Shareholders, if applicable	-------------------

CAPITAL AND CHANGES IN THE SHAREHOLDING PATTERN

IL and FS group offers a holistic and integrated approach to the education and vocational educational training dimensions of its business. Accordingly IL and FS considered it optimal to merge the activities of its two subsidiaries. The company and IL and FS Cluster Development Initiatives Limited (CDIL) a 100% subsidiary of IL and FS. Consequently, with the approval of the respective boards of the two companies, the company acquired the shares of CDIL held by IL and FS and CDIL has become a 100% subsidiary of the company. At an opportune monsent, the two companies may be merged to offer a unified front to the education and training fotays of the group.

To finance the acquisition, the company has issued 600000.000 Millions compulsorily convertible debentures of Rs. 100/- each of the company (CCDs), aggregating Rs. 600000000/- (Rupees Six Hundred Millions Only) to Lexington equity holding limited, a private equity investor based in Mauritius. Lexington expressed their interest in taking a significant stake in the company, post the acquisition of the shares of ICDIL from IL and FS. Accordingly Lexington has also acquired shares held by four existing major shareholders – Orix Corporation, Japan, Housing Development Finance Corporation Limited, Mumbai Sara Fund Trustee Company limited and IETS employees welfare trust. Based on this acquisition, Lexington holds about 19% of the equity of the company.

The CCDs are due for conversion into equity shares of the company before 30^th September 2010. the conversion will result in Lexington equity holdings 26 % of the enlarged equity capital of the company.

OPERATIONS:

During the year the company achieved significant growth across all business segments. The turnover and profit before tax of the company grew by about 25 % and by about 40% respectively over the previous year.

Over the year, the company has established itself as the thought leader in education in India. With IL and FS Cluster Development Initiatives Limited coming onto the fold. The company is now in a unique position to target the three key inter related areas. Education employability and empowerment.

In response to changes in the growth and competitive landscape the organization structure was reviewed and realigned to further improve operations efficiencies and functional agility among the business practices. The revised structure is made up of various business practices ably supported by strategic enablers and support services.

Bankers Charges Report as per Registry

Corporate identity number of the company	U80220MH1997PLC112535
Name of the company	IL AND FS EDUCATION AND TECHNOLOGY SERVICES LIMITED
Address of the registered office or of the principal place of business in India of the company	3^rd Floor, Quadrant ‘D’, The IL and FS Financial Centre, Plot C-22, G-Block, Bandra - Kurla Complex, Bandra (East), Mumbai – 400051, Maharashtra, India Email: varsha.sawant@ilfsets.com
This form is for	Modification of Charge
Charge identification (ID) number of the charge to be modified	10181083
Type of charge	Book Debts Others
Particular of charge holder	Yes Bank Limited, 9^th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai – 400018, Maharashtra, India Email: shareholders@yesbank.in
Nature of instrument creating charge	Suppliment deed of hypothecation
Date of instrument Creating the charge	21.09.2011
Amount secured by the charge	Rs. 1700.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest: Cash Credit: 13.25%, P.A, Bank Guarantee: Commission: 1.00% P. A., Letter Of Credit: Commission: 1.00% P. A. Payable Up Front Terms of Repayment: Repayable On Demand Margin: 25% Extent and Operation of the charge: Rs. 1700.000 Millions (one hundred and seventy crore only) against exclusive charge on the whole of the current assets , book debts of the company to avial credit facility (as described in scheduled of supplimental deed of hypothecation dated September 21, 2011 )
Short Particulars of the property or assets charged	Whole of the current assets and book debts
Particulars of the present modification	Enhancement of the cash credit and bank gurantee / letter of credit fcaility from Rs.800.000 Millions ( eighty crore only) to Rs. 1700.000 Millions (one hundred and seventy crore only) as specified in the supplimental deed of the hypothecation dated September 21, 2011

Fixed Assets:

• Building
• Data Processing Equipment
• Furniture and Fixtures
• Office Equipments
• Vehicles
• Moulds
• Intellectual Property Rights

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.49.08
UK Pound	1	Rs.78.65
Euro	1	Rs.67.79

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	5
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	NO
--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		47

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.