MIRA INFORM REPORT

Report Date :

25.11.2011

IDENTIFICATION DETAILS

Name :	ACME HOUSING INDIA PRIVATE LIMITED
Registered Office :	Acme Ghar, Khandubhai Desai Road, Vile Parle (West), Mumbai – 400 056, Maharashtra
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	19.04.2001
Com. Reg. No.:	11-131675
Capital Investment / Paid-up Capital :	Rs.7.000 Millions
CIN No.: [Company Identification No.]	U45102MH2001PTC131675
TAN No.: [Tax Deduction & Collection Account No.]	MUMA16056F
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is engaged in Construction and Development, Real Estate Development and Related Activities of Leasing / Rental of Units / Properties.
No. of Employees :	25 [In Office] 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 1430000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an 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 [General Information]

Name :	Mr. Ketan
Designation :	Finance Manager
Contact No.:	91-22-67560000
Date :	24.11.2011

LOCATIONS

Registered / Corporate Office :	Acme Ghar, Khandubhai Desai Road, Vile Parle (West), Mumbai – 400 056, Maharashtra, India
Tel. No.:	91-22-26718883 / 67570000
Fax No.:	91-22-26710976
E-Mail :	ketan@acmehousing.com ulka@acmehousing.com
Website :	http://www.acmehousing.com
Location :	Owned
Thane Site Office :	Off Gladys Alwares Road, Manpada, Pokhran Road No.2, Thane, Maharashtra, India
Tel. No.:	91-22-65284404 / 25892945
E-Mail :	acme@acmehousing.com marketing@acmehousing.com

DIRECTORS

As on 27.09.2010

Name :

Mr. Pravin Himmatlal Doshi

Designation :

Director

Address :

102, Asha Kiran, lajpatrai Road, Vile Parle (West), Mumbai – 400 056, Maharashtra, India

Date of Birth/Age :

23.11.1943

Date of Appointment :

19.04.2001

DIN :

00051002

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	U74140MH1986PTC039887	ACME BUILDING DESIGN CONSULTANTS PRIVATE LIMITED	Director	22/05/1986	22/05/1986	-	Active	NO
2	U70100MH1986PTC039906	ACME REAL ESTATE PRIVATE LIMITED	Director	27/05/1986	27/05/1986	-	Active	NO
3	U26933MH1990PTC058550	ACME BUILDING PRODUCTS PRIVATE LIMITED	Director	16/10/1990	16/10/1990	-	Active	NO
4	U45200MH1990PTC058825	SIDDHI DWELLERS PRIVATE LIMITED	Director	5/11/1990	5/11/1990	-	Active	NO
5	U45200MH1991PTC062521	APNAGHAR REALTORS PRIVATE LIMITED	Director	16/07/1991	16/07/1991	-	Active	NO
6	U70101MH1991PTC063061	PRANGAN HOUSING COMPLEXES PRIVATE LIMITED	Director	23/08/1991	23/08/1991	-	Active	NO
7	U70100MH1991PTC063058	DHARMESH CONSTRUCTIONS PRIVATE LIMITED	Director	23/08/1991	23/08/1991	-	Active	NO
8	U45200MH1991PTC063199	ACME SHELTERS PRIVATE LIMITED	Director	9/9/1991	9/9/1991	-	Active	NO
9	U45200MH1991PTC063200	ACME DWELLERS PRIVATE LIMITED	Director	9/9/1991	9/9/1991	-	Active	NO
10	U70101MH1991PTC063201	SAJAWAT DWELLERS PRIVATE LIMITED	Director	9/9/1991	9/9/1991	-	Active	NO
11	U99999MH1991PTC063198	ACME RESIDENTIAL COMPLEXES PRIVATE LIMITED	Director	9/9/1991	9/9/1991	-	Active	NO
12	U45200MH1992PTC069034	ACME AMRUT PROPERTY DEVELOPERS PRIVATE LIMITED	Director	15/10/1992	15/10/1992	-	Active	NO
13	U45200MH1992PTC069590	ACME AMRUT BUILDING DEVELOPERS PRIVATE LIMITED	Director	17/11/1992	17/11/1992	-	Active	NO
14	U45200MH1992PTC069588	RADHE SHYAM PROPERTY CONSTRUCTIONS PRIVATE LIMITED	Director	17/11/1992	17/11/1992	-	Active	NO
15	U70100MH1993PTC071753	ACME REALTORS AND BUILDERS PRIVATE LIMITED	Director	27/04/1993	27/04/1993	-	Active	NO
16	U70100MH1993PTC072224	OCEAN LINK REALTORS PRIVATE LIMITED	Director	31/05/1993	31/05/1993	15/07/2010	Active	NO
17	U70100MH1993PTC072225	BLUESEA REALTORS PRIVATE LIMITED	Director	31/05/1993	31/05/1993	15/07/2010	Active	NO
18	U72100MH1993PTC072226	VIVID REALTORS PRIVATE LIMITED	Director	31/05/1993	31/05/1993	15/07/2010	Active	NO
19	U45200MH1993PTC072228	KSHAMA REALTORS PRIVATE LIMITED	Director	31/05/1993	31/05/1993	15/07/2010	Strike off	NO
20	U45200MH1993PTC072771	PRAJAN PROPERTY DEVELOPERS PRIVATE LIMITED	Director	9/7/1993	9/7/1993	-	Strike off	NO
21	U45200MH1994PTC078017	AALAP CONSTRUCTION PRIVATE LIMITED	Director	27/04/1994	27/04/1994	-	Active	NO
22	L99999MH1985PLC113634	ACME STHAPATI LIMITED	Director	1/6/1994	1/6/1994	-	Active	NO
23	U45200MH1994PTC083093	WELLBUILD REALTORS PRIVATE LIMITED	Director	21/11/1994	21/11/1994	-	Active	NO
24	U70100MH1995PTC087973	ASCENT DEVELOPERS PRIVATE LIMITED	Director	3/5/1995	3/5/1995	-	Active	NO
25	U70100MH1995PTC087974	ACME CIVIL ENGINEERING COMPANY PRIVATE LIMITED	Director	20/10/1995	20/10/1995	-	Active	NO
26	U70100MH1995PTC094030	SIRBHA DEVELOPERS PRIVATE LIMITED	Director	31/10/1995	31/10/1995	-	Strike off	NO
27	U70100MH1996PTC095776	CROSSLINE REALTORS (INDIA) PRIVATE LIMITED	Director	1/1/1996	1/1/1996	-	Active	NO
28	U45200MH1995PTC088201	ASCENT CONSTRUCTION PRIVATE LIMITED	Director	29/01/1998	29/01/1998	-	Active	NO
29	U45102MH2001PTC131675	ACME HOUSING INDIA PRIVATE LIMITED	Director	19/04/2001	19/04/2001	-	Active	NO
30	U70100MH2004PTC148540	O2 Supply Incubator Private Limited	Director	21/09/2004	21/09/2004	-	Active	NO
31	U45201MH2002PTC136639	ASCENT HOUSING PRIVATE LIMITED	Director	18/02/2005	18/02/2005	-	Active	NO
32	U45200MH1994PTC078200	AVISHKAR INFRASTRUCTURE PRIVATE LIMITED	Director	15/03/2007	15/03/2007	-	Active	NO
33	U45202MH2008PTC180671	ACME COMPLEX PRIVATE LIMITED	Director	12/6/2008	12/6/2008	-	Active	NO
34	U67120MH1992PTC066617	TRINITY CONSORTIUM DEVELOPMENT PRIVATE LIMITED	Director	1/7/2008	1/7/2008	-	Active	NO
35	U45202MH2008PTC180445	ACME REALTIES PRIVATE LIMITED	Director	4/7/2008	4/7/2008	-	Active	NO
36	U45202MH2008PTC180656	OASIS LIFE SPACES PRIVATE LIMITED	Director	4/7/2008	4/7/2008	-	Active	NO
37	U70102MH2011PTC214651	ACME AVENUE INFRASTRUCTURE PRIVATE LIMITED	Director	11/3/2011	11/3/2011	-	Active	NO
38	U70100MH2011PTC217683	VASTU PUJAN PROPERTY DEVELOPERS PRIVATE LIMITED	Director	20/05/2011	20/05/2011	-	Active	NO

Name :

Mr. Munish Pravin Doshi

Designation :

Director

Address :

102, Asha Kiran, lajpatrai Road, Vile Parle (West), Mumbai – 400 056, Maharashtra, India

Date of Birth/Age :

07.10.1970

Date of Appointment :

19.04.2001

DIN :

00051063

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	U45200MH1992PTC069034	ACME AMRUT PROPERTY DEVELOPERS PRIVATE LIMITED	Director	15/10/1992	15/10/1992	-	Active	NO
2	U45200MH1992PTC069590	ACME AMRUT BUILDING DEVELOPERS PRIVATE LIMITED	Director	17/11/1992	17/11/1992	-	Active	NO
3	U45200MH1992PTC069588	RADHE SHYAM PROPERTY CONSTRUCTIONS PRIVATE LIMITED	Director	17/11/1992	17/11/1992	-	Active	NO
4	U72100MH1993PTC072226	VIVID REALTORS PRIVATE LIMITED	Director	31/05/1993	31/05/1993	15/07/2010	Active	NO
5	U45200MH1993PTC072228	KSHAMA REALTORS PRIVATE LIMITED	Director	31/05/1993	31/05/1993	15/07/2010	Strike off	NO
6	U70100MH1995PTC087974	ACME CIVIL ENGINEERING COMPANY PRIVATE LIMITED	Director	3/5/1995	3/5/1995	-	Active	NO
7	U45200MH1995PTC088201	ASCENT CONSTRUCTION PRIVATE LIMITED	Director	9/5/1995	9/5/1995	-	Active	NO
8	U70100MH1995PTC087973	ASCENT DEVELOPERS PRIVATE LIMITED	Director	27/10/1995	27/10/1995	-	Active	NO
9	U45200MH1994PTC078017	AALAP CONSTRUCTION PRIVATE LIMITED	Director	20/12/1995	20/12/1995	-	Active	NO
10	U70100MH1996PTC095776	CROSSLINE REALTORS (INDIA) PRIVATE LIMITED	Director	18/01/1996	18/01/1996	-	Active	NO
11	L99999MH1985PLC113634	ACME STHAPATI LIMITED	Director	30/09/1996	30/09/1996	-	Active	NO
12	U70100MH1993PTC071753	ACME REALTORS AND BUILDERS PRIVATE LIMITED	Director	29/01/1998	29/01/1998	-	Active	NO
13	U74140MH1986PTC039887	ACME BUILDING DESIGN CONSULTANTS PRIVATE LIMITED	Director	29/01/1998	29/01/1998	-	Active	NO
14	U26933MH1990PTC058550	ACME BUILDING PRODUCTS PRIVATE LIMITED	Director	29/01/1998	29/01/1998	-	Active	NO
15	U45200MH1991PTC063199	ACME SHELTERS PRIVATE LIMITED	Director	29/01/1998	29/01/1998	-	Active	NO
16	U70100MH1986PTC039906	ACME REAL ESTATE PRIVATE LIMITED	Director	29/01/1998	29/01/1998	-	Active	NO
17	U45200MH1991PTC063200	ACME DWELLERS PRIVATE LIMITED	Director	29/01/1998	29/01/1998	-	Active	NO
18	U70101MH1991PTC063061	PRANGAN HOUSING COMPLEXES PRIVATE LIMITED	Director	29/01/1998	29/01/1998	-	Active	NO
19	U70101MH1991PTC063201	SAJAWAT DWELLERS PRIVATE LIMITED	Director	29/01/1998	29/01/1998	-	Active	NO
20	U45200MH1994PTC083093	WELLBUILD REALTORS PRIVATE LIMITED	Director	29/01/1998	29/01/1998	-	Active	NO
21	U70100MH1991PTC063058	DHARMESH CONSTRUCTIONS PRIVATE LIMITED	Director	29/01/1998	29/01/1998	-	Active	NO
22	U45200MH1991PTC062521	APNAGHAR REALTORS PRIVATE LIMITED	Director	29/01/1998	29/01/1998	-	Active	NO
23	U70100MH1991PTC063681	AUM CONSTRUCTION MANAGEMENT SERVICES PRIVATE LIMITED	Director	29/01/1998	29/01/1998	-	Active	NO
24	U99999MH1991PTC063198	ACME RESIDENTIAL COMPLEXES PRIVATE LIMITED	Director	29/01/1998	29/01/1998	-	Active	NO
25	U45102MH2001PTC131675	ACME HOUSING INDIA PRIVATE LIMITED	Director	19/04/2001	19/04/2001	-	Active	NO
26	U70100MH1995PTC094030	SIRBHA DEVELOPERS PRIVATE LIMITED	Director	14/08/2003	14/08/2003	-	Strike off	NO
27	U70100MH1993PTC072224	OCEAN LINK REALTORS PRIVATE LIMITED	Director	14/08/2003	14/08/2003	15/07/2010	Active	NO
28	U70100MH1993PTC072225	BLUESEA REALTORS PRIVATE LIMITED	Director	14/08/2003	14/08/2003	15/07/2010	Active	NO
29	U70100MH2004PTC148540	O2 SUPPLY INCUBATOR PRIVATE LIMITED	Director	21/09/2004	21/09/2004	-	Active	NO
30	U45200MH1994PTC078200	AVISHKAR INFRASTRUCTURE PRIVATE LIMITED	Director	15/03/2007	15/03/2007	-	Active	NO
31	U72200MH1999PTC117932	ACROSEAS CONSULTANCY PRIVATE LIMITED	Director	31/03/2007	31/03/2007	-	Active	NO
32	U45201MH2002PTC136639	ASCENT HOUSING PRIVATE LIMITED	Director	14/12/2007	14/12/2007	-	Active	NO
33	U45202MH2008PTC180671	ACME COMPLEX PRIVATE LIMITED	Director	12/6/2008	12/6/2008	-	Active	NO
34	U45202MH2008PTC180445	ACME REALTIES PRIVATE LIMITED	Director	4/7/2008	4/7/2008	-	Active	NO
35	U45202MH2008PTC180656	OASIS LIFE SPACES PRIVATE LIMITED	Director	4/7/2008	4/7/2008	-	Active	NO
36	U45200MH1993PTC072771	PRAJAN PROPERTY DEVELOPERS PRIVATE LIMITED	Director	15/07/2010	15/07/2010	-	Strike off	NO
37	U70102MH2011PTC214651	ACME AVENUE INFRASTRUCTURE PRIVATE LIMITED	Director	11/3/2011	11/3/2011	-	Active	NO
38	U67120MH1992PTC066617	TRINITY CONSORTIUM DEVELOPMENT PRIVATE LIMITED	Director	28/04/2011	28/04/2011	-	Active	NO
39	U70100MH2011PTC217683	VASTU PUJAN PROPERTY DEVELOPERS PRIVATE LIMITED	Director	20/05/2011	20/05/2011	-	Active	NO

Name :

Mr. Rajesh Pravin Doshi

Designation :

Director

Address :

102, Asha Kiran, Lajpatrai Road, Vile Parle (West), Mumbai – 400 056, Maharashtra, India

Date of Birth/Age :

10.07.1973

Date of Appointment :

15.03.2007

DIN :

00919246

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	U45200MH1994PTC078200	AVISHKAR INFRASTRUCTURE PRIVATE LIMITED	Director	15/03/2007	15/03/2007	Active	NO
2	U45102MH2001PTC131675	ACME HOUSING INDIA PRIVATE LIMITED	Director	15/03/2007	15/03/2007	Active	NO
3	U70100MH2004PTC148540	O2 SUPPLY INCUBATOR PRIVATE LIMITED	Director	28/03/2007	28/03/2007	Active	NO
4	U72200MH1999PTC117932	ACROSEAS CONSULTANCY PRIVATE LIMITED	Director	31/03/2007	31/03/2007	Active	NO
5	U45202MH2008PTC180671	ACME COMPLEX PRIVATE LIMITED	Director	12/6/2008	12/6/2008	Active	NO
6	U45202MH2008PTC180445	ACME REALTIES PRIVATE LIMITED	Director	4/7/2008	4/7/2008	Active	NO
7	U45202MH2008PTC180656	OASIS LIFE SPACES PRIVATE LIMITED	Director	4/7/2008	4/7/2008	Active	NO
8	U74140MH1986PTC039887	ACME BUILDING DESIGN CONSULTANTS PVT LTD	Additional director	15/01/2011	15/01/2011	Active	NO
9	U70100MH1993PTC071753	ACME REALTORS AND BUILDERS PRIVATE LIMITED	Additional director	15/01/2011	15/01/2011	Active	NO
10	U70100MH1996PTC095776	CROSSLINE REALTORS (INDIA) PRIVATE LIMITED	Additional director	15/01/2011	15/01/2011	Active	NO
11	U45200MH1992PTC069588	RADHE SHYAM PROPERTY CONSTRUCTIONS PRIVATE LIMITED	Additional director	15/01/2011	15/01/2011	Active	NO
12	U45200MH1994PTC078017	AALAP CONSTRUCTION PRIVATE LIMITED	Additional director	15/01/2011	15/01/2011	Active	NO
13	U45200MH1991PTC063199	ACME SHELTERS PRIVATE LIMITED	Additional director	15/01/2011	15/01/2011	Active	NO
14	U70101MH1991PTC063201	SAJAWAT DWELLERS PRIVATE LIMITED	Additional director	15/01/2011	15/01/2011	Active	NO
15	U26933MH1990PTC058550	ACME BUILDING PRODUCTS PRIVATE LIMITED	Additional director	15/01/2011	15/01/2011	Active	NO
16	U70100MH1986PTC039906	ACME REAL ESTATE PRIVATE LIMITED	Additional director	15/01/2011	15/01/2011	Active	NO
17	U70100MH1995PTC087974	ACME CIVIL ENGINEERING COMPANY PRIVATE LIMITED	Additional director	15/01/2011	15/01/2011	Active	NO
18	U70100MH1995PTC087973	ASCENT DEVELOPERS PRIVATE LIMITED	Additional director	15/01/2011	15/01/2011	Active	NO
19	L99999MH1985PLC113634	ACME STHAPATI LIMITED	Additional director	15/01/2011	15/01/2011	Active	NO
20	U45201MH2002PTC136639	ASCENT HOUSING PRIVATE LIMITED	Additional director	15/01/2011	15/01/2011	Active	NO
21	U45200MH1991PTC062521	APNAGHAR REALTORS PRIVATE LIMITED	Additional director	15/01/2011	15/01/2011	Active	NO
22	U70100MH1991PTC063058	DHARMESH CONSTRUCTIONS PRIVATE LIMITED	Additional director	15/01/2011	15/01/2011	Active	NO
23	U45200MH1994PTC083093	WELLBUILD REALTORS PRIVATE LIMITED	Additional director	15/01/2011	15/01/2011	Active	NO
24	U67120MH1992PTC066617	TRINITY CONSORTIUM DEVELOPMENT PRIVATE LIMITED	Director	28/04/2011	28/04/2011	Active	NO
25	U70100MH2011PTC217683	VASTU PUJAN PROPERTY DEVELOPERS PRIVATE LIMITED	Director	20/05/2011	20/05/2011	Active	NO

KEY EXECUTIVES

Name :	Mr. Ketan
Designation :	Finance Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 27.09.2010

Names of Shareholders	No. of Shares
Pravin H Doshi	6600
Munish P Doshi	6600
Neela Pravin Doshi	6300
Pravin H Doshi HUF	6300
Apnaghar Realtors Private Limited	6300
Acme Building Products Private Limited	2200
Acme Real Estate Private Limited	6300
Aalap Constructions Private Limited	6300
Acme Realtors and Builders Private Limited	4100
Acme Building Design Consultants Private Limited	4300
Wellbuild Realtors Private Limited	2100
Ascent Developers Private Limited	6300
Rajesh P Doshi	6299
Rajesh Doshi jointly with Arvind Chitalia	1
Total	70000

As on 21.09.2011

Names of Allottees	No. of Shares Allotted
Pravin H Doshi	34
Pravin H Doshi HUF	5
Neela Pravin Doshi	14
Munish P Doshi	12
Munish P Doshi HUF	9
Munish P Doshi HUF	1
Alka P. Doshi	5
Rajesh P Doshi	5
Rajesh P Doshi HUF	9
Priti R. Doshi	5
Total	99

As on 27.09.2010

Equity Share Break Up Category	Percentage
Bodies corporate	54.15
Directors or relatives of Directors	45.85
Total	100.00

BUSINESS DETAILS

Line of Business :	Subject is engaged in Construction and Development, Real Estate Development and Related Activities of Leasing / Rental of Units / Properties.
Services :	Construction Activity
Terms :
Selling :	L/C / Cash / Credit
Purchasing :	L/C / Cash / Credit

GENERAL INFORMATION

No. of Employees :

25 [In Office] Approximately

• Bankers :

§ Kapol Co-operative Bank Limited, 107, 108 D, Shyam Kamal Building, Near B. N. Agarwal Market, Vile Parle (East), Mumbai – 400 057, Maharashtra, India

§ Karnataka Bank Limited, Bandra West Branch, 333/334, Dr. Ambedkar Road, Mumbai – 400 050, Maharashtra, India

• HDFC Bank Limited

Facilities :

Secured Loan	Rs. In Millions 31.03.2010	Rs. In Millions 31.03.2009
HDFC Bank Limited	1.881	0.000
Kotak Mahindra Prime Limited	6.464	0.000
Tata Motors Finance Limited [Secured against hypothecation of vehicles]	0.310	0.392
Working Capital Finance from Bank – HDFC Bank Limited	32.271	0.000
Cash Credit with the Kapol Cooperative Bank [secured by mortgage of 5^th , 6^th , 7^th floor of Acme I T Park]	14.613	14.533
Total	55.539	14.925
Unsecured Loan	Rs. In Millions 31.03.2010	Rs. In Millions 31.03.2009
From Directors	5.000	0.204
From Shareholders and Relatives	0.000	0.020
From Bank and Financial Institutions	0.430	1.979
Inter Corporate Deposits	61.379	74.748
Total	66.809	76.951

Banking Relations :	--
Financial Institutions:	Indiabulls Housing Finance Limited, F-60, Malhotra Building, 2^nd Floor Connaught Place, New Delhi - 110001, India
Auditors :
Name :	UKG and Associates Chartered Accountants
Address :	B -11, West View, 2^nd Floor, Opposite Swaminarayan Temple, L N Road, Dadar (East), Mumbai – 400 014, Maharashtra, India
Tel. No.:	91-22-24129600
Fax No.:	91-22-24100362
E-Mail :	ukgala@vsnl.com
PAN :	AABFU2688R
Subsidiaries :	Acme Shelters Private Limited CIN : U45200MH1991PTC063199 Dharmesh Constructions Private Limited CIN : U70100MH1991PTC063058 Ascent Housing Private Limited CIN : U45201MH2002PTC136639 Ascent Construction Private Limited CIN : U45200MH1995PTC088201 Acme Amrut Property Developers Private Limited CIN : U45200MH1992PTC069034 Acme Amrut Building Developers Private Limited CIN : U45200MH1992PTC069590 Acme Dwellers Private Limited CIN : U45200MH1991PTC063200

CAPITAL STRUCTURE

As on 31.03.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
1,200,000	Equity Shares	Rs.100/- each	Rs.120.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
70,000	Equity Shares	Rs.100/- each	Rs.7.000 millions

After 27.09.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
1,200,000	Equity Shares	Rs.100/- each	Rs.120.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
70,099	Equity Shares	Rs.100/- each	Rs.7.010 millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

Particulars		31.03.2010	31.03.2009	31.03.2008
SHAREHOLDERS FUNDS
1] Share Capital		7.000	7.000	7.000
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		351.504	332.838	320.171
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		358.504	339.838	327.171
LOAN FUNDS
1] Secured Loans		55.539	14.925	731.167
2] Unsecured Loans		66.809	76.951	11.405
TOTAL BORROWING		122.348	91.876	742.572
DEFERRED TAX LIABILITIES		0.597	0.000	0.000
TOTAL		481.449	431.714	1069.743
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		11.790	2.725	2.723
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		102.524	116.889	127.207
DEFERREX TAX ASSETS		0.000	0.165	0.115
CURRENT ASSETS, LOANS & ADVANCES
	Work in Progress / Inventories	194.482	516.704	330.613
	Sundry Debtors	7.908	3.732	4.311
	Cash & Bank Balances	27.826	22.123	19.902
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	253.469	192.121	957.992
Total Current Assets		483.685	734.680	1312.818
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	15.391	25.937	16.065
	Other Current Liabilities	101.159	396.808	357.091
	Provisions	0.000	0.000	0.000
Total Current Liabilities		116.550	422.745	373.156
Net Current Assets		367.135	311.935	939.662
MISCELLANEOUS EXPENSES		0.000	0.000	0.036
TOTAL		481.449	431.714	1069.743

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008
	SALES
		Sales and Income from operations	581.856	6.260	39.846
		Other Income	1.036	0.285	0.412
		Closing Stock of Flat/ Work in Progress	194.482	516.704	330.613
		TOTAL (A)	777.374	523.249	370.871
Less	EXPENSES
		Opening work in progress brought forward	495.709	319.955	187.912
		Opening Stock		10.657	10.657
		Property development Expenses	245.837	139.445	90.279
		Personnel Expenses		17.212	17.619
		Establishment and Administrative Expenses		12.293	14.367
		Selling Expenses		4.635	7.846
		TOTAL (B)	741.546	504.197	328.680
			[including Depreciation and Finance Expenses]
	PROFIT/[LOSS] BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)			19.052	42.191
Less	FINANCIAL EXPENSES (D)			2.073	1.059
	PROFIT/[LOSS] BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)			16.979	41.132
Less/ Add	DEPRECIATION/ AMORTISATION (F)			0.771	0.500
	PROFIT / [LOSS] BEFORE TAX (E-F) (G)		35.828	16.208	40.632
Less	TAX (H)		17.162	3.541	0.644
	PROFIT / [LOSS] AFTER TAX (G-H) (I)		18.666	12.667	39.988
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		315.588	302.921	262.933
	BALANCE CARRIED TO THE B/S		334.254	315.588	302.921
	Earnings/[Loss] Per Share (Rs.)		266.66	180.96	571.25

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
PAT / Total Income	(%)	2.40	2.42	10.78
Net Profit Margin (PBT/Sales)	(%)	6.16	258.91	101.97
Return on Total Assets (PBT/Total Assets}	(%)	7.23	2.20	3.09
Return on Investment (ROI) (PBT/Networth)		0.10	0.05	0.12
Debt Equity Ratio (Total Liability/Networth)		0.67	1.51	3.41
Current Ratio (Current Asset/Current Liability)		4.15	1.74	3.52

LOCAL AGENCY FURTHER INFORMATION

SUNDARY CREDITORS DETAILS

Rs in Millions

PARTICULAS	31.03.2010	31.03.2009	31.03.2008
Micro, Medium and Small Units	0.000	0.000	0.000
Others	15.391	25.937	16.065
Total	15.391	25.937	16.065

Check List by Info Agents	Available in Report [Yes/No]
Year of Establishment	Yes
Locality of the Firm	Yes
Construction of the firm	Yes
Premises details	Yes
Type of Business	Yes
Line of Business	Yes
Promoters background	-
No. of Employees	Yes
Name of Person Contacted	Yes
Designation of contact person	Yes
Turnover of firm for last three years	No
Profitability for last three years	No
Reasons for variation <> 20%	-
Estimation for coming financial year	No
Capital the business	No
Details of sister concerns	No
Major Suppliers	No
Major Customers	No
Payment Terms	Yes
Export / Import Details [If Applicable]	-
Market Information	-
Litigations that the firm / promoter involved in	-
Banking Details	Yes
Banking Facility Details	No
Conduct of the banking account	-
Buyer visit details	-
Financials, if provided	No
Incorporation details, if applicable	-
Last accounts filed at ROC	-
Major Shareholders, if applicable	-

Contingent Liabilities

Rs in Millions

PARTICULAS	31.03.2010	31.03.2009
Capital Commitments not provided in the books	1.878	0.000

Bankers Charges Report as per Registry

Corporate identity number of the company	U45102MH2001PTC131675
Name of the company	ACME HOUSING INDIA PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	Acme Ghar, Khandubhai Desai Road, Vileparle West, Mumbai- 400056, Maharashtra, India
This form is for	Modification of charge
Charge identification (ID) number of the charge to be modified	10103632
Type of charge	Immovable Property
Particular of charge holder	Kapol Co-operative Bank Limited, 107, 108 D, Shyam Kamal Building, Near B. N. Agarwal Market, Vile Parle (East), Mumbai – 400 057, Maharashtra, India Email : kapol_cad@rediffmail.com
Nature of instrument creating charge	Deed of Modification
Date of instrument Creating the charge	02.12.2010
Amount secured by the charge	Rs.42.500 millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest - 14% p.a., subject to additional 2 % on the expiry of limit Terms of Repayment - On Demand / Annual review Margin – 40 % cost / market price of stock which ever is lower 50% of book debts not exceeding 90 days Extent and Operation of the charge - As per Deed of Modification dated 2nd December 2010
Short particulars of the property or asset(s) charged (including complete address and location of the property)	Bungalow no.13, Palm Spring CHS Limited, CTS No. 43, Hissa No. 1,2 and 3 admeasuring 2203.30 sq. ft Saleable area about 6662.78 sq. ft near Chandan Cinema, Iris Park, Juhu, Mumbai - 400 049.
Particulars of the present modification	Re allocation of Cash Credit Hypothecation facility as per Deed of Modification dated 2nd December 2010

FIXED ASSETS :

§ Furniture and Fixtures

§ Computer

§ Office Equipments

§ Motor Car

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.52.25
UK Pound	1	Rs.81.23
Euro	1	Rs.69.82

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	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		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.