MIRA INFORM REPORT

Report Date :

08.10.2011

IDENTIFICATION DETAILS

Name :	AVINASH BHOSALE INFRASTRUCTURE PRIVATE LIMITED
Registered Office :	759/34 Bhosale Pavilion, Bhandarkar Road, Deccan Gymkhana, Pune-411004, Maharashtra.
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	29.07.1987
Com. Reg. No.:	11-044221
Capital Investment / Paid-up Capital :	Rs.2090 Millions
CIN No.: [Company Identification No.]	U45201PN1987PTC044221
TAN No.: [Tax Deduction & Collection Account No.]	PNEA00128C
PAN No.: [Permanent Account No.]	AABCA5452C
Legal Form :	Private Limited Liability Company
Line of Business :	The Subject engaged in the business of real estate development.
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 8799000
Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is an established company having moderate track. There appears some losses being incurred by the company in the current year i.e. 2009-10. However, trade relations are reported as fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings with some caution.

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 – April 1, 2010

Country Name	Previous Rating (31.12.2009)	Current Rating (01.04.2010)
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/ Head Office :	759/34 Bhosale pavilion, Bhandarkar Road, Deccan Gymkhana, Pune-411004, Maharashtra, India
Tel. No.:	91-20-25674242
Fax No.:	91-20-25674040
E-Mail :	info@abilgroup.com shruti@rsva.co.in

DIRECTORS

AS ON 22.09.2010

Name :	Mr. Avinash Nivrutrti Bhosale
Designation :	Director
Address :	Abeeys Palace, Ivory Estate, S.No. 13, Banser Road, Pune-411008, Maharashtra, India
Date of Birth/Age :	15.12.1960
Date of Appointment :	29.07.1987
DIN No.:	00037311

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	U45201PN1987PTC044221	Avinash Bhosale Infrastructure Private Limited	Director	29/07/1987	29/07/1987	-	Active	NO
2	U45201MH1989PTC052390	Amit bhosale Developers Private Limited	Director	28/06/1989	28/06/1989	6/7/2009	Active	NO
3	U99999MH1991PTC064400	Apoorva Properties And Estates PrivateLimited.	Director	11/12/1991	11/12/1991	-	Active	NO
4	U45204MH1993PLC071289	Abil Infraprojects Limited	Director	20/05/1995	20/05/1995	-	Active	NO
5	U70101PN1995PTC091575	Avinash Bhosale Power Private Limited	Director	9/8/1995	9/8/1995	-	Active	NO
6	U70101MH1998PTC114605	Avichal Resources Private Limited	Director	23/04/1998	23/04/1998	-	Active	NO
7	U70101MH1997PTC109828	Vanmali Realty Private Limited	Director	5/10/2000	5/10/2000	-	Active	NO
8	U45202MH1996PTC101052	Padmanabh Realties Private Limited	Director	5/10/2000	5/10/2000	-	Active	NO
9	U70101PN2001PTC015933	Ara Developers Private Limited	Director	7/3/2001	7/3/2001	-	Active	NO
10	U70101PN2001PTC016064	Kona (Pune) Properties Private Limited	Director	19/04/2001	19/04/2001	-	Active	NO
11	U65922MH1995PTC092818	Alchemy Housing Finance Private Limited	Director	11/6/2001	11/6/2001	-	Active	NO
12	U65993AP1990PTC011633	satyapriya Holdings Private.Limited	Director	3/8/2001	3/8/2001	-	Active	NO
13	U67120PN1996PTC101444	Classic Citi Investments Private Limited	Director	10/10/2002	10/10/2002	-	Active	NO
14	U70101MH1997PTC109823	Trisma Constructions Private Limited	Director	11/9/2003	11/9/2003	-	Active	NO
15	U40108PN2004PTC019322	Mahalaxmi Vidyut Private Limited	Director	4/9/2004	4/9/2004	-	Active	NO
16	U40101PN2005PTC020140	Mahalaxmi Konal Urja Private Limited	Director	11/1/2005	11/1/2005	-	Active	NO
17	U55101MH1977PLC114178	Soma Enterprise Limited	Director	12/9/2005	12/9/2005	2/12/2010	Active	NO
18	U70101MH1997PTC109824	Sangam City Township Private Limited	Director	15/02/2006	15/02/2006	-	Active	NO
19	U00095PN2006PTC022236	Indu Concept Infra Ventures Private Limited	Director	28/03/2006	28/03/2006	-	Active	NO
20	U70101MH1997PTC109826	Sahasrajit Realty Private Limited	Director	28/09/2006	28/09/2006	-	Active	NO
21	U45200MH2003PTC140584	Splendor Developers Private Limited	Director	29/09/2007	18/01/2007	-	Active	NO
22	U70101MH1997PTC109831	Mahashan Realty Private Limited	Director	22/03/2007	22/03/2007	6/12/2007	Active	NO
23	U45201MH2006PTC165253	Vamona Developers Private Limited	Director	27/08/2007	21/07/2007	28/08/2007	Active	NO
24	U45202PN2007PTC130689	Arindam Developers Private Limited	Director	12/9/2007	12/9/2007	-	Active	NO
25	U45209PN2007PTC130920	Achintya Developers Private Limited	Director	30/10/2007	30/10/2007	-	Active	NO
26	U45209PN2007PTC130921	Aloukik Developers Private Limited	Director	30/10/2007	30/10/2007	-	Active	NO
27	U45209PN2007PTC130922	Aras Developers Private Limited	Director	30/10/2007	30/10/2007	-	Active	NO
28	U45209PN2007PTC130923	Atmaja Developers Private Limited	Director	30/10/2007	30/10/2007	-	Active	NO
29	U45209PN2007PTC130924	Apratim Developers Private Limited	Director	30/10/2007	30/10/2007	-	Active	NO
30	U45202MH1997PTC109832	Shashbindu Constructions Private Limited	Director	24/09/2008	10/11/2007	-	Active	NO
31	U45203PN2008PTC131541	Abil Corporation Private Limited	Director	4/3/2008	4/3/2008	-	Active	NO
32	U45203PN2008PTC132196	Abil Infrastructure Private Limited	Director	9/6/2008	9/6/2008	-	Active	NO
33	U40108PN2008PTC132197	Abil Energy Private Limited	Director	9/6/2008	9/6/2008	-	Active	NO
34	U52300PN2008PTC132198	Abil Retail Private Limited	Director	9/6/2008	9/6/2008	-	Active	NO
35	U55101PN2008PTC132200	Abil Hospitality Private Limited	Director	10/6/2008	10/6/2008	-	Active	NO
36	U45400PN2008PTC132266	Shrivatsa Realty Private Limited	Director	19/06/2008	19/06/2008	-	Active	NO
37	U45400PN2008PTC132268	Akshada Realty Private Limited	Director	19/06/2008	19/06/2008	-	Active	NO
38	U45400PN2008PTC132270	Sumedh Realty Private Limited	Director	19/06/2008	19/06/2008	-	Active	NO
39	U45400MH2008PTC212489	Shishir Realty Private Limited	Director	19/06/2008	19/06/2008	12/4/2010	Active	NO
40	U45400PN2008PTC132269	Abhinay Trading Private Limited	Director	19/06/2008	19/06/2008	6/10/2008	Active	NO
41	U45201MP2008PTC021276	Classic Citi Private Limited	Director	4/11/2008	4/11/2008	-	Active	NO
42	U45202MH2008PTC186220	Crossway Realtors Private Limited	Director	31/12/2009	5/1/2009	-	Active	NO
43	U45202MH1997PTC109830	Aadidev Constructions Private Limited	Director	12/2/2009	12/2/2009	-	Active	NO
44	U70101MH1997PTC109827	Vayuwahan Realty Private Limited	Director	12/2/2009	12/2/2009	-	Active	NO
45	U18101MH1997PTC109875	Yugavarta Developers Private Limited	Director	12/2/2009	12/2/2009	-	Active	NO
46	U70102PN2009PTC133983	Ela Realty Private Limited	Director	19/05/2009	19/05/2009	-	Active	NO
47	U70102PN2009PTC133989	Sanyukta Realty Private Limited	Director	19/05/2009	19/05/2009	-	Active	NO
48	U70102PN2009PTC134016	Samit Realty Private Limited	Director	25/05/2009	25/05/2009	-	Active	NO
49	U70102PN2009PTC134017	Sanchita Realty Private Limited	Director	25/05/2009	25/05/2009	-	Active	NO
50	U70102PN2009PTC134066	Adhita Realty Private Limited	Director	2/6/2009	2/6/2009	-	Active	NO
51	U67120MH1995PLC085664	Pallazzio Hotels And Leisure Limited	Nominee director	30/06/2009	30/06/2009	-	Active	NO
52	U45400DL2007PLC169361	Citra Infrastructure Limited	Director	29/09/2010	30/06/2010	-	Active	NO
53	U70100PN2010PTC137393	Abil Realty Private Limited	Director	22/09/2010	22/09/2010	-	Active	NO

Name :	Mr. Amit Avinash Bhosale
Designation :	Director
Address :	Abeeys Palace, Ivory Estate, S.No. 13, Banser Road, Pune-411008, Maharashtra, India
Date of Birth/Age :	25.11.1982
Date of Appointment :	11.01.2007
DIN No.:	00062354

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	U70101MH1997PTC109826	Sahasrajit Realty Private Limited	Director	6/10/2000	6/10/2000	-	Active	NO
2	U70101MH1997PTC109827	Vayuwahan Realty Private Limited	Director	6/10/2000	6/10/2000	-	Active	NO
3	U70101PN1997PTC109829	Shatmurti Realty Private Limited	Director	6/10/2000	6/10/2000	-	Active	NO
4	U18101MH1997PTC109875	Yugavarta Developers Private Limited	Director	6/10/2000	6/10/2000	-	Active	NO
5	U70101MH1997PTC109824	Sangam City Township Private Limited	Director	6/10/2000	6/10/2000	1/10/2007	Active	NO
6	U45202MH1997PTC109830	Aadidev Constructions Private Limited	Director	14/12/2000	14/12/2000	-	Active	NO
7	U45202MH1997PTC109832	Shashbindu Constructions Private Limited	Director	14/12/2000	14/12/2000	-	Active	NO
8	U70101MH1997PTC109831	Mahashan Realty Private Limited	Director	22/09/2010	14/12/2000	-	Active	NO
9	U65922MH1995PTC092818	Alchemy Housing Finance Private Limited	Director	11/6/2001	11/6/2001	-	Active	NO
10	U67120PN1996PTC101444	Classic Citi Investments Private Limited	Managing director	1/11/2010	10/10/2002	-	Active	NO
11	U70101PN1995PTC091575	Avinash Bhosale Power Private Limited	Director	1/1/2003	1/1/2003	-	Active	NO
12	U45200AP2001PLC038175	Indu Projects Limited	Director	1/6/2005	1/6/2005	21/11/2007	Active	NO
13	U55101PN2005PTC021540	Glitz Entertainment And Hospitality Private Limited	Director	14/11/2005	14/11/2005	4/6/2007	Converted to LLP	NO
14	U55201PN2005PTC021690	Zucchero Foods And Restaurants Private Limited	Director	15/12/2005	15/12/2005	16/07/2007	Active	NO
15	U45209PN2005PTC021214	Anuttam Developers Private Limited	Director	20/10/2006	20/10/2006	6/10/2008	Active	NO
16	U45201PN1987PTC044221	Avinash Bhosale Infrastructure Private Limited	Director	11/1/2007	11/1/2007	-	Active	NO
17	U70102PN2007FTC129540	Pegasus Properties Private Limited	Director	14/02/2007	14/02/2007	-	Active	NO
18	U27100PN2007PTC129759	Pune Power Development Private Limited	Director	19/03/2007	19/03/2007	-	Active	NO
19	U55100PN2007PTC130400	Epiphany Hospitality Private Limited	Director	29/06/2007	29/06/2007	21/08/2008	Active	NO
20	U00095PN2006PTC022236	Indu Concept Infra Ventures Private Limited	Director	25/09/2008	3/7/2007	-	Active	NO
21	U45202PN2007PTC130689	Arindam Developers Private Limited	Director	12/9/2007	12/9/2007	-	Active	NO
22	U45209PN2007PTC130920	Achintya Developers Private Limited	Director	30/10/2007	30/10/2007	-	Active	NO
23	U45209PN2007PTC130921	Aloukik Developers Private Limited	Director	30/10/2007	30/10/2007	-	Active	NO
24	U45209PN2007PTC130922	Aras Developers Private Limited	Director	30/10/2007	30/10/2007	-	Active	NO
25	U45209PN2007PTC130923	Atmaja Developers Private Limited	Director	30/10/2007	30/10/2007	-	Active	NO
26	U45209PN2007PTC130924	Apratim Developers Private Limited	Director	30/10/2007	30/10/2007	-	Active	NO
27	U45203PN2008PTC131541	Abil Corporation Private Limited	Director	4/3/2008	4/3/2008	-	Active	NO
28	U45203PN2008PTC132196	Abil Infrastructure Private Limited	Director	9/6/2008	9/6/2008	-	Active	NO
29	U40108PN2008PTC132197	Abil Energy Private Limited	Director	9/6/2008	9/6/2008	-	Active	NO
30	U52300PN2008PTC132198	Abil Retail Private Limited	Director	9/6/2008	9/6/2008	-	Active	NO
31	U55101PN2008PTC132200	Abil Hospitality Private Limited	Director	10/6/2008	10/6/2008	-	Active	NO
32	U45400PN2008PTC132266	Shrivatsa Realty Private Limited	Director	19/06/2008	19/06/2008	-	Active	NO
33	U45400PN2008PTC132268	Akshada Realty Private Limited	Director	19/06/2008	19/06/2008	-	Active	NO
34	U45400PN2008PTC132269	Abhinay Trading Private Limited	Director	19/06/2008	19/06/2008	-	Active	NO
35	U45400PN2008PTC132270	Sumedh Realty Private Limited	Director	19/06/2008	19/06/2008	-	Active	NO
36	U45400MH2008PTC212489	Shishir Realty Private Limited	Director	19/06/2008	19/06/2008	12/4/2010	Active	NO
37	U45201MP2008PTC021276	Classic Citi Private Limited	Director	4/11/2008	4/11/2008	-	Active	NO
38	U45202MH2008PTC186220	Crossway Realtors Private Limited	Director	31/12/2009	5/1/2009	-	Active	NO
39	U70101MH1997PTC109828	Vanmali Realty Private Limited	Director	22/09/2009	15/01/2009	-	Active	NO
40	U45204MH1993PLC071289	Abil Infraprojects Limited	Director	12/2/2009	12/2/2009	-	Active	NO
41	U70101MH1998PTC114605	Avichal Resources Private Limited	Director	12/2/2009	12/2/2009	-	Active	NO
42	U45202MH1996PTC101052	Padmanabh Realties Private Limited	Director	12/2/2009	12/2/2009	-	Active	NO
43	U70101MH1997PTC109823	Trisma Constructions Private Limited	Director	30/09/2009	5/3/2009	-	Active	NO
44	U70102PN2009PTC133983	Ela Realty Private Limited	Director	19/05/2009	19/05/2009	-	Active	NO
45	U70102PN2009PTC133989	Sanyukta Realty Private Limited	Director	19/05/2009	19/05/2009	-	Active	NO
46	U70102PN2009PTC134016	Samit Realty Private Limited	Director	25/05/2009	25/05/2009	-	Active	NO
47	U70102PN2009PTC134017	Sanchita Realty Private Limited	Director	25/05/2009	25/05/2009	-	Active	NO
48	U70102PN2009PTC134066	Adhita Realty Private Limited	Director	2/6/2009	2/6/2009	-	Active	NO
49	U67120MH1995PLC085664	Pallazzio Hotels & Leisure Limited	Nominee director	30/06/2009	30/06/2009	-	Active	NO
50	U67120DL2008PLC182140	Indian Commodity Exchange Limited	Nominee director	30/08/2010	22/10/2009	-	Active	NO
51	U45400DL2007PLC169361	Citra Infrastructure Limited	Director	29/09/2010	30/06/2010	-	Active	NO
52	U92100MH1956PTC017616	Mahal Pictures Private Limited	Director	30/09/2010	5/8/2010	-	Active	NO
53	U70100PN2010PTC137393	Abil Realty Private Limited	Director	22/09/2010	22/09/2010	-	Active	NO
54	U55101MH1977PLC114178	Soma Enterprise Limited	Whole-time director	2/12/2010	2/12/2010	-	Active	NO
55	U70109DL2006PLC151149	Diana Buildwell Limited	Additional director	4/2/2011	4/2/2011	-	Active	NO
56	U74300PN2009PTC135212	Adcraft Outdoor Media Private Limited	Additional director	7/2/2011	7/2/2011	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 22.09.2010

Names of Shareholders (Equity Shares)	No. of Shares
Avinash Nivrittti Bhosale	7308730
Gauri Avinash Bhosale	7308730
Shalini Nivritti Bhosale	10450
Nivritti Ganpati Bhosale	2090
Amit Avinash Bhosale	2090000
Swapnali Avinash Bhosale	2090000
Varali Infrastructure Limited, India	2090000
Total	20900000

EQUITY SHARE BREAKUP

AS ON 22.09.2010

Category	Percentage
Bodies corporate	10.00
Directors or relatives of Directors	90.00
Total	100.00

BUSINESS DETAILS

Line of Business :

The Subject engaged in the business of real estate development.

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

Not Available

Facilities :

Unsecured Loan	Rs. In Millions 31.03.2010	Rs. In Millions 31.03.2009
From Directors and Shareholders	170.000	1186.300
Total	170.000	1186.300

Banking Relations :	--
Auditors :
Name :	RSVA and Comany Chartered Accountants
Address :	30, Prestige Point, 1^st Floor, 283 Shukrawar Peth, Pune-411002, Maharashtra, India
PAN No:	AAYFS1415P
Subsidiaries :	Sanchita Realty Private Limited
CIN No:	U70102PN2009PTC134017

CAPITAL STRUCTURE

AFTER 22.09.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
22500000	Equity Shares	Rs.100/- each	Rs.2250.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
20900000	Equity Shares	Rs.100/- each	Rs.2090.000 Millions
160000	Preference Shares	Rs.100/- each	Rs.16.000 Millions
	Total		Rs.2106.000 Millions

AS ON 31.03.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
22500000	Equity Shares	Rs.100/- each	Rs.2250.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
20900000	Equity Shares	Rs.100/- each	Rs.2090.000 Millions

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		2090.000	0.900	0.900
2] Share Application Money		90.000	140.000	90.000
3] Reserves & Surplus		19.738	33.098	34.865
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		2199.738	173.998	125.765
LOAN FUNDS
1] Secured Loans		0.000	0.000	0.000
2] Unsecured Loans		170.000	1186.300	1094.500
TOTAL BORROWING		170.000	1186.300	1094.500
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		2369.738	1360.298	1220.265
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1.744	2.480	2.375
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		948.623	773.104	665.740
DEFERREX TAX ASSETS		0.000	0.000	0.031
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000	0.000	0.000
	Sundry Debtors	0.000	0.000	0.000
	Cash & Bank Balances	0.508	0.049	0.039
	Other Current Assets	2.101	1.575	10.754
	Loans & Advances	1416.860	708.518	551.031
Total Current Assets		1419.469	710.142	561.824
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors
	Other Current Liabilities	0.005	125.194	8.556
	Provisions	0.093	0.234	1.149
Total Current Liabilities		0.098	125.428	9.705
Net Current Assets		1419.371	584.714	552.119
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		2369.738	1360.298	1220.265

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008
	SALES
		Income	7.571	4.760	8.403
		Other Income
		TOTAL	7.571	4.760	8.403
Less	EXPENSES
		Office Expenses
		Administrative Expenses	22.471	5.709	7.399
		Advertising Expenses
		TOTAL	22.471	5.709	7.399
	PROFIT/(LOSS) BEFORE TAX		(14.900)	(0.949)	1.004
Less	TAX		(1.539)	NA	0.365
	PROFIT /(LOSS) AFTER TAX		(13.361)	NA	0.639
	Earnings Per Share (Rs.)		(0.64)	NA	71.07

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
Net Profit Margin (PBT/Sales)	(%)	(196.80)	(19.94)	11.95
Return on Total Assets (PBT/Total Assets}	(%)	(1.05)	(0.16)	0.18
Return on Investment (ROI) (PBT/Networth)		(0.01)	(0.01)	0.01
Debt Equity Ratio (Total Liability/Networth)		0.08	7.54	8.78
Current Ratio (Current Asset/Current Liability)		14484.38	5.66	57.89

LOCAL AGENCY FURTHER INFORMATION

HISTORY- SINCE 1979

Founded by Mr. Avinash Bhosale in 1979 as a contracting firm, the ABIL Group has gradually gone on to shape the direction of the construction industry.

Over the past thirty years, they have developed some of Pune’s landmark residential and commercial properties, They have executed over 40 housing projects delivering unparalleled value and customer satisfaction. During this period, they were also involved in the construction of several infrastructure projects for the state of Maharashtra that included highways, bridges, tunnels, canals and dams. With dynamic leadership and a guiding vision, they have transformed what was once a contracting firm into a real estate and infrastructure development powerhouse.

As the construction business flourished, they leveraged their management expertise and began to look at new strategic business opportunities. In 2001, they diversified into the hospitality sector through as joint venture with Mumbai’s Sun-and-sand chain of hotels and acquired the erstwhile Holiday Inn, Pune. This helped then to gain a foothold in the hospitality industry that has grown multi-fold in pace with India’s booming economy.

While the creation of world-class infrastructure and construction has remained their focus, they have stayed ever mindful of the need for corpora

MANAGEMENT:

Mr.Avinash Nivrutti Bhosale

Founder & Chairman, ABIL Group

Mr. Avinash Bhosale is the founder of the ABIL Group. His vision, dynamism and astute leadership have led the ABIL Group to become one of today’s leading business conglomerates. His unsurpassed organizational skills, motivation and eye for detail have been critical factors in ABIL’s success. He is well respected and recognized by all in the industry for his achievements.

Mr. Amit Avinash Bhosale

Director, ABIL Group

Mr. Amit Bhosale heads the Real Estate and Hospitality business of the ABIL Group, with the ongoing projects in Mumbai, Pune, Goa & Nagpur. Thoroughly professional, extremely dynamic and bold by nature, he believes in staying ahead of the business curve. He not only keeps up with current trends in the industry, but also keeps a close watch on future opportunities. He drives the innovation and employee participation initiatives of the business.

Ms. Swapnali Avinash Bhosale

Director, ABIL Group

Ms. Swapnali Bhosale heads the high-end Real Estate business of ABIL group which essentially develops top of the line and niche market residential and commercial developments under the ABIL banner. Her ambition and drive ensure that the ABIL Group is respected for its world-class quality standards. She has not only inherited, but also cultivated her father's attributes, values and virtues. This is why she is looked up to as a natural leader.

FIXED ASSETS:

· Office Equipments

· Furniture and Fixtures

· Computers and Copiers

· Vehicles

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.49.13
UK Pound	1	Rs.75.97
Euro	1	Rs.66.00

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	2
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	2
--CREDIT LINES	1~10	2
--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	NO
--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.