MIRA INFORM REPORT

Report Date :

18.10.2011

IDENTIFICATION DETAILS

Name :	HANUDEV INVESTMENTS PRIVATE LIMITED
Registered Office :	RR Tower III, Thiru Vi Ka Industrial Estate, Guindy, Chennai-600032, Tamilnadu.
Country :	India
Financials (as on) :	30.06.2010
Date of Incorporation :	20.10.2005
Com. Reg. No.:	18-057873
CIN No.: [Company Identification No.]	U65993TN2005PTC057873
TAN No.: [Tax Deduction & Collection Account No.]	CHEH04017G
PAN No.: [Permanent Account No.]	AABCH6201J
Legal Form :	Private Limited Liability Company
Line of Business :	To carry on the business of an Investment Company in shares, stock, debentures, etc.
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 7300000
Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is an established company having moderate track. The Company has no significant business at present. However, Trade relations are reported as fair. Business is active. Payments are unknown. The Company can be considered for business dealings with some cautions.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – September 30, 2011

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

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

LOCATIONS

Registered Office :	RR Tower-III, Thiru-Vi-Ka Industrial Estate, Guindy, Chennai-600032, Tamilnadu, India.
Tel. No.:	91-44-22500693
Fax No.:	91-44-22500181
E-Mail :	rroffic@yahoo.com

DIRECTORS

(As On 24.11.2010)

Name :

Mr. Raman Ravi

Designation :

Director

Address :

54, Beach Road, Kalakshetra Colony, Chennai-600090, Tamilnadu, India.

Date of Birth/Age :

04.03.1965

Date of Appointment :

20.10.2005

DIN No :

00120410

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	U65991TN1986PTC012598	R R Info park Private Limited	Managing director	20/08/1987	20/08/1987	-	Active	NO
2	U19119TN1993PLC024932	R.R. Industries Limited	Managing director	4/1/2010	27/04/1993	-	Active	NO
3	U18209TN1995PLC033283	R R Tanneries Limited	Director	19/10/1995	19/10/1995	1/11/2007	Active	NO
4	U34103TN1960PTC004184	Auto Liners (Madras) Private Limited	Director	29/09/2005	2/1/2005	-	Active	NO
5	U45209TN2005PTC055915	Rishabh Infopark Private Limited	Director	8/4/2005	8/4/2005	-	Active	NO
6	U45209TN2005PTC057287	Hanudev Infopark Private Limited	Director	25/08/2005	25/08/2005	8/10/2010	Active	NO
7	U65993TN2005PTC057873	Hanudev Investments Private Limited	Director	20/10/2005	20/10/2005	-	Active	NO
8	U45209TN2006PTC060382	Rudradev Infopark Private Limited	Director	29/06/2006	29/06/2006	-	Active	NO
9	U45203TN2006PTC060591	Raghav township Private Limited	Director	19/07/2006	19/07/2006	8/10/2010	Active	NO
10	U45200TN2006PTC060906	Rudradev township Private Limited	Director	7/8/2006	7/8/2006	8/10/2010	Active	NO
11	U72900TN2006PTC060934	Raghav Techpark Private Limited	Director	14/08/2006	14/08/2006	8/10/2010	Active	NO
12	U93090TN2006PTC060953	Rudradev Aviation Private Limited	Director	21/08/2006	21/08/2006	8/10/2010	Active	NO
13	U45208TN2006PTC061252	Hanudev Constructions Private Limited	Director	4/10/2006	4/10/2006	17/11/2010	Active	NO
14	U74140TN2007PTC063010	Tesser Technology Consulting Private Limited	Director	29/09/2008	12/7/2007	-	Active	NO
15	U74140TN2007PTC063021	Quadrant Risk Management (India) Solutions Private Limited	Director	29/09/2008	12/7/2007	-	Active	NO
16	U45201TN2007PTC064289	Thiruneervannar township Private Limited	Director	20/07/2007	20/07/2007	-	Active	YES
17	U74900TN2010PTC074294	Rithvvik Building Services Private Limited	Director	18/01/2010	18/01/2010	15/03/2011	Active	NO

Name :

Mrs. Shobana R. Ravi

Designation :

Director

Address :

54, Beach Road, Kalakshetra Colony, Chennai-600090, Tamilnadu, India

Date of Birth/Age :

11.12.1975

Date of Appointment :

20.10.2005

DIN No :

00120607

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	U18209TN1995PLC033283	R R Tanneries Limited	Director	31/03/2005	31/03/2005	1/11/2007	Active	NO
2	U19119TN1993PLC024932	R.R. Industries Limited	Director	30/06/2005	31/03/2005	-	Active	NO
3	U45209TN2005PTC055915	Rishabh Infopark Private Limited	Whole-time director	1/7/2005	8/4/2005	-	Active	NO
4	U45209TN2005PTC057287	Hanudev Infopark Private Limited	Additional director	6/10/2010	25/08/2005	-	Active	NO
5	U65993TN2005PTC057873	Hanudev Investments Private Limited	Director	20/10/2005	20/10/2005	-	Active	NO
6	U45209TN2006PTC060382	Rudradev Infopark Private Limited	Director	29/06/2006	29/06/2006	30/12/2008	Active	NO
7	U45203TN2006PTC060591	Raghav township Private Limited	Additional director	6/10/2010	19/07/2006	-	Active	NO
8	U45200TN2006PTC060906	Rudradev township Private Limited	Additional director	6/10/2010	7/8/2006	-	Active	NO
9	U72900TN2006PTC060934	Raghav Techpark Private Limited	Additional director	6/10/2010	14/08/2006	-	Active	NO
10	U93090TN2006PTC060953	Rudradev Aviation Private Limited	Additional director	6/10/2010	21/08/2006	-	Active	NO
11	U65991TN1986PTC012598	R R Info park Private Limited	Director	30/09/2006	30/09/2006	1/10/2008	Active	NO
12	U45208TN2006PTC061252	Hanudev Constructions Private Limited	Director	4/10/2006	4/10/2006	-	Active	NO
13	U34103TN1960PTC004184	Auto Liners (Madras) Private Limited	Director	31/12/2007	31/12/2007	-	Active	NO
14	U74900TN2010PTC074294	Rithvvik Building Services Private Limited	Director	18/01/2010	18/01/2010	-	Active	NO

Name :

Mr. Niranjan Vyakarna Rao

Designation :

Additional Director

Address :

H-9/3, Kambar Street, Kalakshetra Colony, Chennai-600090, Tamilnadu, India.

Date of Birth/Age :

28.06.1967

Date of Appointment :

02.12.2009

DIN No :

02918882

Other Directorship :

.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	U45209TN2005PTC055915	Rishabh Infopark Private Limited	Additional director	2/12/2009	2/12/2009	-	Active	NO
2	U45208TN2006PTC061252	Hanudev Constructions Private Limited	Additional director	2/12/2009	2/12/2009	-	Active	NO
3	U65993TN2005PTC057873	Hanudev Investments Private Limited	Additional director	2/12/2009	2/12/2009	-	Active	NO
4	U74900TN2010PTC074294	Rithvvik Building Services Private Limited	Additional director	15/09/2010	15/09/2010	-	Active	NO
5	U72300TN2011PTC079585	Complete Enterprise Solutions Private Limited	Director	10/3/2011	10/3/2011	-	Active	NO

Name :

Mr. Sudhakar Peravali

Designation :

Director

Address :

Plot No. 37, Flat No. 102, 3^rd Phase, Kalyan Nagar, Hyderabad-500018, India.

Date of Birth/Age :

28.06.1963

Date of Appointment :

02.12.2009

DIN No :

02483116

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	U30007AP1996PTC024865	Reddy Computer Marketing Solutions Private Limited	Managing director	21/04/2009	2/1/2009	-	Active	YES
2	U19119TN1993PLC024932	R.R. Industries Limited	Director	3/12/2010	2/12/2009	-	Active	NO
3	U45208TN2006PTC061252	Hanudev Constructions Private Limited	Additional director	2/12/2009	2/12/2009	-	Active	NO
4	U45209TN2005PTC055915	Rishabh Infopark Private Limited	Additional director	2/12/2009	2/12/2009	-	Active	NO
5	U45209TN2005PTC057287	Hanudev Infopark Private Limited	Additional director	2/12/2009	2/12/2009	-	Active	NO
6	U65993TN2005PTC057873	Hanudev Investments Private Limited	Additional director	2/12/2009	2/12/2009	-	Active	NO
7	U45200TN2006PTC060906	Rudradev township Private Limited	Additional director	2/12/2009	2/12/2009	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

(As On 24.11.2010)

Names of Shareholders	No. of Equity Shares
Shobana R Ravi	15325
R. R. Industries Limited, India.	122445
Total	137770

Name of Shareholders	No. of Preference Shares
S. Tirumalai on Behalf of M/S Maruthi Electrical Engineering, India.	1751
T. Perumal on Behalf of M/S. Nagapriya Constructions, India.	1
R. Ravi	294
Srinivasan Baskar For Abirami Trading Company, India.	3778
Srinavasn Baskar For Anantha Vinayagar Enterprises, India.	2266
S Thirumalai For Lakshmi Bulders, India.	4920
Srinivasan Baskar For Chaz Wood Works, India.	957
Srinivasan Baskar For Chennai Aluminium Industries, India.	8376
P Gandimathi For DM Associates, India	1250
Srinivasan Baskar For Kamakshi Enterprises, India	2445
Srinivasan Baskar For Gayathri Enterprises, India	9117
S. Thirumalai For Maruthi Electrical Engineers, India	5775
Rishabh Info park Private Limited, India.	20680
Rishabh Infopark Private Limited, India.	10711
Total	72321

Equity Share Breakup

(As On 31.12.2010)

Category	Percentage
Bodies corporate	88.88
Directors and Relatives of Directors	11.12
Total	100.00

BUSINESS DETAILS

Line of Business :

To carry on the business of an Investment Company in shares, stock, debentures, etc.

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

Not Available

Facilities :

Unsecured Loans	30.06.2010 Rs. In Millions	30.06.2009 Rs. In Millions
Loan From Directors	0.000
Loan From Companies	185.200	251.187
Loan From Others	0.000
Total	185.200	251.187

Banking Relations :	--
Auditors :
Name :	Kalyanasundaram and Associates Chartered Accountant
Address :	31/14, Krishnaswamy Avenue, Luz, Mylapore, Chennai-600004, Tamilnadu, India.
E-Mail :	www.ksaca.com
Income-tax PAN of auditor or auditor’s firm :	AAEFK3741J
Holding Company :	v R.R. Industries Limited CIN No. : U19119TN1993PLC024932
Subsidiary Companies :	v Hanudev Infopark Private Limited CIN No. : U45209TN2005PTC057287 v Hanudev Constructions Private Limited CIN No.U45208TN2006PTC061252 v Raghav Township Private Limited CIN No : U45203TN2006PTC060591 v Raghav Techpark Private Limited CIN No. : U72900TN2006PTC060934 v Rudradev Aviation Private Limited CIN No. : U93090TN2006PTC060953 v Tesser Technology Consulting Private Limited CIN No. : U74140TN2007PTC063010 v Rudradev Township Private Limited CIN No. : U45200TN2006PTC060906
Fellow Subsidiaries :	v Rishabh Infopark Private Limited v Autoliners (Madras) Private Limited v Quadrant Risk Management (India) Solutions Private Limited
Associate Company :	v R R Infopark Private Limited

CAPITAL STRUCTURE

(As On 30.06.2010)

Authorised Capital :

No. of Shares	Type	Value	Amount
140000	Equity Share	Rs.100/- each	Rs.14.000 millions
87000	Preference Shares	Rs.100/- each	Rs.8.700 millions
	Total		Rs.22.700 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
137770	Equity Share	Rs.100/- each	Rs.13.777 millions
72321	Preference Shares	Rs.100/- each	Rs.7.232 millions
	Total		Rs.21.009 millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		30.06.2010	30.06.2009	30.06.2008
SHAREHOLDERS FUNDS
1] Share Capital		21.009	15.038	15.015
2] Share Application Money		40.000	67.650	72.200
3] Reserves & Surplus		1773.394	1181.788	1179.515
4] (Accumulated Losses)		0.000	0.000	(0.072)
NETWORTH		1834.403	1264.476	1266.658
LOAN FUNDS
1] Secured Loans		0.000	0.000	0.000
2] Unsecured Loans		185.200	251.187	229.235
TOTAL BORROWING		185.200	251.187	229.235
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		2019.603	1515.663	1495.893
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.000	0.000	0.000
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		1620.093	1458.080	1351.608
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000	0.000	0.000
	Sundry Debtors	0.000	0.000	0.000
	Cash & Bank Balances	2.469	0.733	0.833
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	953.169	532.402	157.031
Total Current Assets		955.638	533.135	157.864
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.000	0.000	0.000
	Other Current Liabilities	556.041	475.329	13.406
	Provisions	0.087	0.223	0.173
Total Current Liabilities		556.128	475.552	13.579
Net Current Assets		399.510	57.583	144.285
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		2019.603	1515.663	1495.893

PROFIT & LOSS ACCOUNT

	PARTICULARS		30.06.2010	30.06.2009	30.06.2008
	SALES
		Dividend/Interest Income	0.364	0.220	0.001
		Other Income	0.594	0.000	0.000
		TOTAL	0.958	0.220	0.001
Less	EXPENSES
		Administrative Expenses	0.415	0.036	0.129
		TOTAL	0.415	0.036	0.129
Less	PROFIT/LOSS BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		0.543	0.184	(0.128)
Less	FINANCIAL EXPENSES		0.060	0.016	0.115
	PROFIT/LOSS BEFORE TAX		0.483	0.168	(0.243)
Less	TAX		0.037	0.050	0.000
	PROFIT/LOSS AFTER TAX		0.446	0.118	(0.243)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		0.046	(0.072)	0.171
	BALANCE CARRIED TO THE B/S		0.492	0.046	0.072
	Earnings Per Share (Rs.)		2.122	0.000	0.000

KEY RATIOS

PARTICULARS		31.06.2010	31.06.2009	31.06.2008
PAT / Total Income	(%)	46.55	53.64	(24300.00)
Net Profit Margin (PBT/Sales)	(%)	132.70	76.36	(24300.00)
Return on Total Assets (PBT/Total Assets}	(%)	0.05	0.03	(0.15)
Return on Investment (ROI) (PBT/Networth)		0.00	0.00	0.00
Debt Equity Ratio (Total Liability/Networth)		0.40	0.57	0.19
Current Ratio (Current Asset/Current Liability)		1.72	1.12	11.63

LOCAL AGENCY FURTHER INFORMATION

NIL

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.48.89
UK Pound	1	Rs.77.31
Euro	1	Rs.67.78

SCORE & RATING EXPLANATIONS

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

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

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

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

RATING EXPLANATIONS

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

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

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