MIRA INFORM REPORT

Summary Information

		COUNTRY	INDIA
COMPANY NAME	SAHARA INDIA COMMERCIAL CORPORATION LIMITED	PRINCIPAL NAME 1	MR. SUBRATA ROY SAHARA
STATUS	MODERATE	PRINCIPAL NAME 2	MR. JOY BROTO ROY
		REGISTRATION #	21-53999
STREET ADDRESS	Sahara India Sadan, 2-A, Shakeshpeare Sarani, Kolkata – 700071, West Bengal, India
ESTABLISHED DATE	02.01.1992	SIC CODE	--
TELEPHONE#	91-33-22829075	BUSINESS STYLE 1	--
FAX #	91-33-22822889	BUSINESS STYLE 2	CONSTRUCTION
HOMEPAGE	--	PRODUCT NAME 1	--
# OF EMPLOYEES	1500 (Approximately)	PRODUCT NAME 2	---
PAID UP CAPITAL	Rs.3,488,372,640/-	PRODUCT NAME 3	---
SHAREHOLDERS	Bodies corporate -11.52% Directors or relatives of Directors – 85.94% Others – 2.54%	BANKING	The Bank of Rajasthan Limited
PUBLIC LIMITED CORP.	No	BUSINESS PERIOD	20 YEARS
IPO	No	INTERNATIONAL INS.	--
PUBLIC ENTERPRISE	No	RATING	B (33)
RELATED COMPANY
RELATION	COUNTRY	COMPANY NAME	CEO
SUBSIDIARY COMPANY	INDIA	KABEER PROJECTS LIMITED	--
NOTE	-

2. Summary Financial Statement

Balance Sheet as of	30.06.2010		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	80,424,332,000	Current Liabilities	58,706,593,000
Inventories	17,672,435,000	Long-term Liabilities	39,009,309,000
Fixed Assets	1,954,422,000	Other Liabilities	--
Deferred Assets	--	Total Liabilities	97,715,902,000
Invest& other Assets	35,253,065,000	Retained Earnings	63,131,633,000
		Net Worth	37,588,352,000
Total Assets	135,304,254,000	Total Liab. & Equity	135,304,254,000
Total Assets (Previous Year)	230,029,780,000
P/L Statement as of	30.06.2010		(Unit: Indian Rs.)
Sales	11,827,282,000	Net Profit	--
Sales(Previous yr)	3,689,750,000	Net Loss (Prev.yr)	--

MIRA INFORM REPORT

Report Date :

07.04.2012

IDENTIFICATION DETAILS

Name :	SAHARA INDIA COMMERCIAL CORPORATION LIMITED

Formerly Known As :	SAHARA INDIA HOUSING LIMITED

Registered Office :	Sahara India Sadan, 2A, Shakespeare Sarani, Kolkata – 700071, West Bengal

Country :	India

Financials (as on) :	30.06.2010

Date of Incorporation :	02.01.1992

Com. Reg. No.:	21-053999

Capital Investment / Paid-up Capital :	Rs.3488.373 Millions

CIN No.: [Company Identification No.]	U70109WB1992PLC053999

TAN No.: [Tax Deduction & Collection Account No.]	PNES17973E

PAN No.: [Permanent Account No.]	AADCS6118F

Legal Form :	A Closely Held Public Limited Liability Company

Line of Business :	The object of the company is construction, developer, colonizer, contractor, purchases and production of software, broadcasting and telecasting of television, mineral water, etc.

No. of Employees :	1500 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (33)

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

Maximum Credit Limit :	USD 150000000

Status :	Moderate

Payment Behaviour :	Slow

Litigation :	Clear

Comments :	Subject is a Sahara Group Company. It is a well – established and a reputed company having moderate track. There appears huge accumulated losses recorded by the company. Business is active. Payments are reported to be slow. Subject being a Sahara Group Company can be considered normal for business dealings at usual trade terms and conditions. However, huge accumulated losses should be borne in mind.

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

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

LOCATIONS

Registered Office / Corporate Office :	Sahara India Sadan, 2-A, Shakeshpeare Sarani, Kolkata – 700 071, West Bengal, India
Tel. No.:	91-33-22829075 / 22824910
Fax No.:	91-33-22822889
E-Mail :	sihllko@sancharnet.in statutorysiccl@rediffmail.com
Website:	www.saharahousingfina.com
Area :	Rented
Location :	Commercial

Head Office :	Sahara India Sadan, 8^th Floor, 2, Kapoorthala Complex, Aliganj, Lucknow-226024, Uttar Pradesh, India
Tel. No.:	91-522-2332018/1408/4799
Fax No.:	91-522-2330135
E-Mail :	sihllko@sancharnet.in info@hqhsg.sahara.co.in

Branch Office 1 :	Sahara India Sadan, CTS 40-44, S V Road, Goregaon (West), Mumbai – 400104, Maharashtra, India

Branch Office 2 :	Amby Valley, Sahara Lake City, Post Ambavane, Via Lonavla, Taluka Mulshi, Pune – 410401, Maharashtra, India
Tel. No.:	91-20-2965111
Fax No.:	91-20-2965040
E-Mail :	opdixit@hotmail.com

DIRECTORS

As on 30.09.2009

Name :

Mr. Subrata Roy Sahara

Designation :

Director

Address :

Sahara Shahar Vipul Khand Gomti Nagar, Lucknow, Uttar Pradesh

Date of Birth/Age :

10.06.1948

Date of Appointment :

20.07.1995

DIN No.:

00431905

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	U67120UP1987PLC008909	SAHARA INDIA FINANCIAL CORPORATION LIMITED	Managing director	23/07/2010	7/8/1987	-	Active	NO
2	U62100MH1991PLC177728	JET LITE (INDIA) LIMITED	Director	20/09/1991	20/09/1991	20/04/2007	Active	NO
3	U85320WB1995NPL072099	SAHARA WELFARE FOUNDATION	Director	12/6/1995	12/6/1995	-	Active	NO
4	U70109WB1992PLC053999	SAHARA INDIA COMMERCIAL CORPORATION LIMITED	Director	20/07/1995	20/07/1995	-	Active	NO
5	U74899DL1980PTC010607	SAIN PROCESSING AND WEAVING MILLS PRIVATE LIMITED	Director	25/11/1995	25/11/1995	-	Active	NO
6	U85110MH1997PLC109186	SAHARA INDIA MEDICAL INSTITUTE LIMITED	Director	3/7/1997	3/7/1997	-	Active	NO
7	L67120MH1981PLC024947	SAHARA ONE MEDIA AND ENTERTAINMENT LIMITED	Director	10/3/2000	10/3/2000	-	Active	NO
8	U65999UP2000PLC025635	SAHARA INDIA LIFE INSURANCE COMPANY LIMITED	Director	13/09/2000	13/09/2000	-	Active	NO
9	U72900MH2001PLC132951	SAHARA NET CORP LIMITED	Director	2/8/2001	2/8/2001	14/02/2011	Active	NO
10	L45400WB1983PLC035664	SAHARA INFRASTRUCTURE AND HOUSING LIMITED	Director	1/9/2001	1/9/2001	14/02/2011	Active	NO
11	U40101PN2001PLC016565	SAHARA INDIA POWER CORPORATION LIMITED	Director	14/12/2001	14/12/2001	26/12/2011	Active	NO
12	L18100WB1991PLC099782	SAHARA HOUSINGFINA CORPORATION LIMITED	Director	24/08/2002	24/08/2002	17/06/2011	Active	NO
13	U65110UP2002PLC026986	SAHARA CARE LIMITED	Director	9/10/2002	9/10/2002	20/02/2011	Active	NO
14	U55101MH1989PLC140211	SAHARA HOSPITALITY LIMITED	Director	10/10/2002	10/10/2002	-	Active	NO
15	U63040WB2003PLC096524	SAHARA INDIA TOURISM DEVELOPMENT CORPORATION LIMITED	Director	4/7/2003	4/7/2003	31/03/2008	Active	NO
16	U65991MH1995PTC155207	SAHARA ASSET MANAGEMENT COMPANY PRIVATE LIMITED	Nominee director	23/03/2004	23/03/2004	-	Active	NO
17	U45201UP2005PTC030827	ERIC CITY HOMES DEVELOPMENT PRIVATE LIMITED	Director	22/09/2007	22/09/2007	-	Active	NO
18	U45400WB2007PTC119271	SAHARA OCEANIA PROPERTY PRIVATE LIMITED	Director	5/10/2007	5/10/2007	21/03/2008	Active	NO
19	U45400WB2007PTC119270	SAHARA MILESTONES INFRASTRUCTURE PRIVATE LIMITED	Director	5/10/2007	5/10/2007	1/2/2008	Active	NO
20	U45400WB2007PTC119268	SAHARA MILESTONES ESTATES PRIVATE LIMITED	Director	5/10/2007	5/10/2007	21/03/2008	Active	NO
21	U45400WB2007PTC119390	SAHARA CITY DEVELOPMENT PRIVATE LIMITED	Director	9/10/2007	9/10/2007	21/03/2008	Active	NO
22	U45400WB2007PTC119396	SAHARA PRIME PROPERTIES PRIVATE LIMITED	Director	9/10/2007	9/10/2007	21/03/2008	Active	NO
23	U45400WB2007PTC119395	SAHARA OCEANIA HOMES PRIVATE LIMITED	Director	9/10/2007	9/10/2007	21/03/2008	Active	NO
24	U45400WB2007PTC119394	SAHARA NEW DREAM PROPERTY PRIVATE LIMITED	Director	9/10/2007	9/10/2007	21/03/2008	Active	NO
25	U45400WB2007PTC119393	SAHARA GREEN PROPERTIES PRIVATE LIMITED	Director	9/10/2007	9/10/2007	21/03/2008	Active	NO

Name :

Mr. Om Pakash Srivastava

Designation :

Director

Address :

A 70G, Sector C Mahanagar, Lucknow, Uttar Pradesh

Date of Birth/Age :

27.06.1955

Date of Appointment :

20.07.1995

DIN No.:

00144000

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	U67120UP1987PLC008909	SAHARA INDIA FINANCIAL CORPORATION LIMITED	Whole-time director	1/10/2011	7/8/1987	-	Active	NO
2	U62100MH1991PLC177728	JET LITE (INDIA) LIMITED	Director	20/09/1991	20/09/1991	20/04/2007	Active	NO
3	U65921UP1993PLC015170	SAHARA PRIME CITY LIMITED	Director	9/3/1993	9/3/1993	-	Active	NO
4	U85320WB1995NPL072099	SAHARA WELFARE FOUNDATION	Director	12/6/1995	12/6/1995	-	Active	NO
5	U70109WB1992PLC053999	SAHARA INDIA COMMERCIAL CORPORATION LIMITED	Director	30/09/2006	20/07/1995	-	Active	NO
6	U74899DL1980PTC010607	SAIN PROCESSING AND WEAVING MILLS PRIVATE LIMITED	Director	25/11/1995	25/11/1995	-	Active	NO
7	U85110MH1997PLC109186	SAHARA INDIA MEDICAL INSTITUTE LIMITED	Director	3/7/1997	3/7/1997	-	Active	NO
8	L67120MH1981PLC024947	SAHARA ONE MEDIA AND ENTERTAINMENT LIMITED	Director	10/3/2000	10/3/2000	-	Active	NO
9	U65999UP2000PLC025635	SAHARA INDIA LIFE INSURANCE COMPANY LIMITED	Director	13/09/2000	13/09/2000	-	Active	NO
10	U72900MH2001PLC132951	SAHARA NET CORP LIMITED	Director	2/8/2001	2/8/2001	14/02/2011	Active	NO
11	L45400WB1983PLC035664	SAHARA INFRASTRUCTURE AND HOUSING LIMITED	Director	1/9/2001	1/9/2001	14/02/2011	Active	NO
12	U40101PN2001PLC016565	SAHARA INDIA POWER CORPORATION LIMITED	Director	14/12/2001	14/12/2001	-	Active	NO
13	L18100WB1991PLC099782	SAHARA HOUSINGFINA CORPORATION LIMITED	Director	24/08/2002	24/08/2002	-	Active	NO
14	U65110UP2002PLC026986	SAHARA CARE LIMITED	Director	9/10/2002	9/10/2002	20/02/2011	Active	NO
15	U55101MH1989PLC140211	SAHARA HOSPITALITY LIMITED	Director	10/10/2002	10/10/2002	-	Active	NO
16	U65991MH1995PTC155207	SAHARA ASSET MANAGEMENT COMPANY PRIVATE LIMITED	Director	31/05/2004	31/05/2004	-	Active	NO
17	U45201UP2005PTC030827	ERIC CITY HOMES DEVELOPMENT PRIVATE LIMITED	Director	22/09/2007	22/09/2007	-	Active	NO
18	U45400WB2007PTC119270	SAHARA MILESTONES INFRASTRUCTURE PRIVATE LIMITED	Director	5/10/2007	5/10/2007	1/2/2008	Active	NO
19	U45400WB2007PTC119268	SAHARA MILESTONES ESTATES PRIVATE LIMITED	Director	5/10/2007	5/10/2007	21/03/2008	Active	NO
20	U45400WB2007PTC119271	SAHARA OCEANIA PROPERTY PRIVATE LIMITED	Director	5/10/2007	5/10/2007	21/03/2008	Active	NO
21	U45400WB2007PTC119394	SAHARA NEW DREAM PROPERTY PRIVATE LIMITED	Director	9/10/2007	9/10/2007	21/03/2008	Active	NO
22	U45400WB2007PTC119393	SAHARA GREEN PROPERTIES PRIVATE LIMITED	Director	9/10/2007	9/10/2007	21/03/2008	Active	NO
23	U45400WB2007PTC119392	SAHARA FLAGSHIP REALESTATE PRIVATE LIMITED	Director	9/10/2007	9/10/2007	1/2/2008	Active	NO
24	U45400WB2007PTC119391	SAHARA CONTINENTAL ESTATE PRIVATE LIMITED	Director	9/10/2007	9/10/2007	21/03/2008	Active	NO
25	U45400WB2007PTC119390	SAHARA CITY DEVELOPMENT PRIVATE LIMITED	Director	9/10/2007	9/10/2007	21/03/2008	Active	NO

Name :

Mr. Joy Broto Roy

Designation :

Director

Address :

F 170 A, Sainik Farm, New Delhi

Date of Birth/Age :

12.01.1961

Date of Appointment :

20.07.1995

DIN No.:

00432043

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	U67120UP1987PLC008909	SAHARA INDIA FINANCIAL CORPORATION LIMITED	Director	7/8/1987	7/8/1987	21/04/2010	Active	NO
2	U62100MH1991PLC177728	JET LITE (INDIA) LIMITED	Director	20/09/1991	20/09/1991	20/04/2007	Active	NO
3	U65921UP1993PLC015170	SAHARA PRIME CITY LIMITED	Director	9/3/1993	9/3/1993	-	Active	NO
4	U85320WB1995NPL072099	SAHARA WELFARE FOUNDATION	Director	12/6/1995	12/6/1995	-	Active	NO
5	U70109WB1992PLC053999	SAHARA INDIA COMMERCIAL CORPORATION LIMITED	Director	20/07/1995	20/07/1995	-	Active	NO
6	U85110MH1997PLC109186	SAHARA INDIA MEDICAL INSTITUTE LIMITED	Director	3/7/1997	3/7/1997	-	Active	NO
7	L67120MH1981PLC024947	SAHARA ONE MEDIA AND ENTERTAINMENT LIMITED	Director	10/3/2000	10/3/2000	24/03/2010	Active	NO
8	U24117MH2001PTC130717	SAHARA GLOBAL VISION PRIVATE LIMITED	Director	5/2/2001	5/2/2001	-	Active	NO
9	U72900MH2001PLC132951	SAHARA NET CORP LIMITED	Director	2/8/2001	2/8/2001	-	Active	NO
10	L45400WB1983PLC035664	SAHARA INFRASTRUCTURE AND HOUSING LIMITED	Director	1/9/2001	1/9/2001	-	Active	NO
11	U40101PN2001PLC016565	SAHARA INDIA POWER CORPORATION LIMITED	Director	14/12/2001	14/12/2001	-	Active	NO
12	L18100WB1991PLC099782	SAHARA HOUSINGFINA CORPORATION LIMITED	Director	24/08/2002	24/08/2002	-	Active	NO
13	U65110UP2002PLC026986	SAHARA CARE LIMITED	Director	9/10/2002	9/10/2002	20/02/2011	Active	NO
14	U55101MH1989PLC140211	SAHARA HOSPITALITY LIMITED	Director	10/10/2002	10/10/2002	-	Active	NO
15	U92190MH2008PTC178656	GEON STUDIOS PRIVATE LIMITED.	Director	6/8/2009	11/12/2008	-	Active	NO

Name :

Mr. Ranoj Dasgupta

Designation :

Director

Address :

Sahara India Sadan, 2 A, Shakespeare Sarani, Kolkata, West Bengal, India

Date of Birth/Age :

15.02.1939

Date of Appointment :

01.01.2000

DIN No.:

00216165

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	U70109WB1992PLC053999	SAHARA INDIA COMMERCIAL CORPORATION LIMITED	Director	1/1/2000	1/1/2000	-	Active	NO
2	L45400WB1983PLC035664	SAHARA INFRASTRUCTURE AND HOUSING LIMITED	Director	1/9/2001	1/9/2001	-	Active	NO
3	U17111WB1994PLC065889	SAHARA INDIA INFRASTRUCTURAL DEVELOPMENT LIMITED	Director	23/09/2002	23/09/2002	-	Active	NO
4	U63040WB2003PLC096524	SAHARA INDIA TOURISM DEVELOPMENT CORPORATION LIMITED	Director	4/7/2003	4/7/2003	-	Active	NO
5	U72900DL2004PLC167662	SAHARA COMPUTERS AND ELECTRONICS LIMITED	Director	20/08/2004	20/08/2004	27/12/2006	Active	NO
6	L18100WB1991PLC099782	SAHARA HOUSINGFINA CORPORATION LIMITED	Director	23/12/2004	23/12/2004	-	Active	NO
7	U45400WB2007PTC119271	SAHARA OCEANIA PROPERTY PRIVATE LIMITED	Director	5/10/2007	5/10/2007	21/03/2008	Active	NO
8	U45400WB2007PTC119270	SAHARA MILESTONES INFRASTRUCTURE PRIVATE LIMITED	Director	5/10/2007	5/10/2007	1/2/2008	Active	NO
9	U45400WB2007PTC119268	SAHARA MILESTONES ESTATES PRIVATE LIMITED	Director	5/10/2007	5/10/2007	21/03/2008	Active	NO
10	U45400WB2007PTC119395	SAHARA OCEANIA HOMES PRIVATE LIMITED	Director	9/10/2007	9/10/2007	21/03/2008	Active	NO
11	U45400WB2007PTC119394	SAHARA NEW DREAM PROPERTY PRIVATE LIMITED	Director	9/10/2007	9/10/2007	21/03/2008	Active	NO
12	U45400WB2007PTC119393	SAHARA GREEN PROPERTIES PRIVATE LIMITED	Director	9/10/2007	9/10/2007	21/03/2008	Active	NO
13	U45400WB2007PTC119392	SAHARA FLAGSHIP REALESTATE PRIVATE LIMITED	Director	9/10/2007	9/10/2007	1/2/2008	Active	NO
14	U45400WB2007PTC119391	SAHARA CONTINENTAL ESTATE PRIVATE LIMITED	Director	9/10/2007	9/10/2007	21/03/2008	Active	NO
15	U45400WB2007PTC119390	SAHARA CITY DEVELOPMENT PRIVATE LIMITED	Director	9/10/2007	9/10/2007	21/03/2008	Active	NO
16	U45400WB2007PTC119396	SAHARA PRIME PROPERTIES PRIVATE LIMITED	Director	9/10/2007	9/10/2007	21/03/2008	Active	NO
17	U14220WB2007PLC119475	SAHARA UNIVERSAL MININGS CORPORATION LIMITED	Director	11/10/2007	11/10/2007	30/08/2010	Active	NO
18	U70100WB2007PTC119473	SAHARA GREEN SHELTER PRIVATE LIMITED	Director	11/10/2007	11/10/2007	1/2/2008	Active	NO
19	U70100WB2007PTC119472	SAHARA GREEN REALTORS PRIVATE LIMITED	Director	11/10/2007	11/10/2007	1/2/2008	Active	NO
20	U70100WB2007PTC119474	SAHARA METRO ESTATES PRIVATE LIMITED	Director	11/10/2007	11/10/2007	1/2/2008	Active	NO
21	U70100WB2007PTC119492	SAHARA PROPERTY CONSTRUCTION PRIVATE LIMITED	Director	12/10/2007	12/10/2007	1/2/2008	Active	NO
22	U70100WB2007PTC119477	SAHARA PRIMEDREAM DEVELOPMENT PRIVATE LIMITED	Director	12/10/2007	12/10/2007	21/03/2008	Active	NO
23	U70100WB2007PTC119476	SAHARA PRIME REALTORS PRIVATE LIMITED	Director	12/10/2007	12/10/2007	21/03/2008	Active	NO
24	U70101WB2001PTC093953	SAHARA INDIA RESIDENTIAL HOLDINGS PRIVATE LIMITED	Director	13/08/2009	2/6/2008	-	Active	NO
25	U70101WB2001PTC093956	SAHARA INDIA PROPERTY DEVELOPMENT PRIVATE LIMITED	Director	13/08/2009	2/6/2008	-	Active	NO

Name :

Mr. Yogendra Narayan Saxena

Designation :

Director

Address :

MG 31, Sector C Aliganj, Lucknow, Uttar Pradesh, India

Date of Birth/Age :

20.01.1935

Date of Appointment :

22.12.1998

DIN No.:

00097570

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	U70109WB1992PLC053999	SAHARA INDIA COMMERCIAL CORPORATION LIMITED	Director	22/12/1998	22/12/1998	-	Active	NO
2	U70100MH1997PTC109772	DEVAGIRI ESTATE AND INVESTMENT PRIVATE LIMITED	Director	10/8/2009	30/05/2008	-	Active	NO
3	U70100MH1997PTC111513	DHANANJAY ESTATE AND REALITY PRIVATE LIMITED	Director	10/8/2009	30/05/2008	-	Active	NO
4	U70100MH1997PTC106712	DHARMAVEER DEVELOPMENT AND REALITY PRIVATE LIMITED	Director	10/8/2009	30/05/2008	-	Active	NO
5	U70100MH1997PTC106709	DEVAPUTRA ESTATE AND INVESTMENT PRIVATE LIMITED	Director	10/8/2009	30/05/2008	-	Active	NO
6	U70100MH1996PTC103978	DEEPESHA REALITY AND LEASING PRIVATE LIMITED	Director	10/8/2009	30/05/2008	-	Active	NO
7	U74999MH1996PTC103974	DATTAATREYA ESTATE AND REALITY PRIVATE LIMITED	Director	10/8/2009	30/05/2008	-	Active	NO
8	U45200MH1996PTC104168	CYRUS ESTATE AND REALITY PRIVATE LIMITED	Director	10/8/2009	30/05/2008	-	Active	NO
9	U70100MH1996PTC103725	CHIRAAYU ESTATE AND DEVELOPMENT PRIVATE LIMITED	Director	10/8/2009	30/05/2008	-	Active	NO
10	U70100MH1997PTC109114	CHAARVI REALITY AND DEVELOPMENT PRIVATE LIMITED	Director	10/8/2009	30/05/2008	-	Active	NO
11	U70200MH1997PTC112356	CHAALAKA DEVELOPMENT AND REALITY PRIVATE LIMITED	Director	10/8/2009	30/05/2008	-	Active	NO
12	U70200MH1997PTC108387	CARROLL REALITY AND FINANCE PRIVATE LIMITED	Director	10/8/2009	30/05/2008	-	Active	NO
13	U70200MH1996PTC104578	BRIJESHA DEVELOPMENT AND REALITY PRIVATE LIMITED	Director	10/8/2009	30/05/2008	-	Active	NO
14	U74999MH1997PTC107002	BODHILA ESTATE AND REALITY PRIVATE LIMITED	Director	10/8/2009	30/05/2008	-	Active	NO
15	U70100MH1997PTC108325	BLADE ESTATE AND FINANCE PRIVATE LIMITED	Director	10/8/2009	30/05/2008	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Manish Wahal
Designation :	Secretary
Address :	684, Abhilasha, Eldeco Colony, Udhyan- Il, Lucknow-226012, Uttar Pradesh, India
Date of Birth/Age :	16.07.1976
Date of Appointment :	01.09.2008
PAN No. :	AANPW9962A

Name :	Mr. Asad Ahmad
Designation :	Manager
Address :	537 Kha Nayapurva Sitapur Road, Lucknow, Uttar Pradesh
Date of Birth/Age :	25.12.1965
Date of Appointment :	01.04.2005
PAN No. :	AALPA0819Q

Name :	Mr. A. N. Mukherjee
Designation :	Manager
Address :	D 35/204, Jangam Basi, Varanasi, Uttar Pradesh
Date of Birth/Age :	22.01.1953
Date of Appointment :	01.04.2003
PAN No. :	AATPM0220H

Name :	Mr. Onkar Prasad Dixit
Designation :	Manager
Address :	B 1177, Indira Nagar, Lucknow, Uttar Pradesh
Date of Birth/Age :	25.07.1944
Date of Appointment :	01.04.1997
PAN No. :	ADDPD1207A

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 29.12.2007

Names of Shareholders		No. of Shares
Subrata Roy Sahara		2015923200
Subrata Roy Sahara		245032679
Sahara Property Construction Private Limited		130031320
Sahara Flagship Real Private Limited		109000000
Sahara Green Realtors Private Limited		105000000
J B Roy		64419042
O P Srivastava		55045010
O P Srivastava		47990400
J B Roy		112409442
Swapna Roy		47894400
Ashok Roy Choudhary		1842360
Vandana Bhargava		2022270

As on 29.09.2009

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Bodies corporate	11.52
Directors or relatives of Directors	85.94
Other	2.54
Total	100.00

BUSINESS DETAILS

Line of Business :

The object of the company is construction, developer, colonizer, contractor, purchases and production of software, broadcasting and telecasting of television, mineral water, etc.

Products :

Product Description	Item code No.
Development, Construction and Marketing of Real Estate Projects	820
Production, Broadcasting of Television Programme	85.24

GENERAL INFORMATION

No. of Employees :

1500 (Approximately)

Bankers :

The Bank of Rajashtan Limited, Overseas Branch 204, Surya Kiran Building, Kasturba Gandhi Marg, New Delhi – 110001

State Bank Of Hyderabad, Industrial Finance Branch, 14, Kasturba Gandhi Marg, New Delhi – 110001

United Bank Of India, Lucknow

UCO Bank, Nariman point Branch, 1st Floor, Mafatlal Centre, Nariman Point, Mumbai – 400021, Maharashtra

The Bank of Rajasthan Limited, Lower Parel Branch, 11/12 Ranghuvashi Mills, Compound, Senapati Bapat Marg, Lower Parel (West), Mumbai-400013, Maharashtra, India

Punjab National Bank, MG Marg, Branch, Hazratganj, Lucknow – 226 001, Uttar Pradesh
Hindustan Co-operative Bank Limited

Facilities :

(Rs. In Millions)

Unsecured Loan	As on 30.06.2010	As on 31.03.2009
Optionally Fully Convertible Debentures	21174.130	47414.974
Interest Accrued thereon	17766.679	21808.308
Others	68.500	68.500
Total	39009.309	69291.782


Banking Relations :	--

Auditors :
Name :	D. S. Shukla and Company Chartered Accountants
Address :	MIG A-11, Sector C, Aliganj, Lucknow – 226024, Uttar Pradesh, India
Tel. No.:	91-522-2370034 / 2332054
E-Mail :	dsshuklaca@yahoo.co.in
PAN.:	AADFD7041H

Associates :	Sahara One Media & Entertainment Private Limited Aamby Valley Limited Sahara India Infrastructure & Housing Limited Sahara Realtors Corporation Private Limited Sahara India Power Corporation Limited Sahara Adventure Sports Limited. Sahara India Financial Corpn. Limited Sahara India Limited Sahara Net Corp Limited Sahara Care Limited. Sahara India Corp Investment Limited. Sahara Prime City Limited. Sahara India Sahara India Mass Communication Entertainment Enterprises Shama Enterprises India Housing ARMD Media Private Limited. Sahara India Management & Maintenance Corp. Limited Sahara World Wide (U.K.) Eric City Homes Development Private Limited. Sahara India Electricals Limited Nalanda Electrical Udyog Private Limited. Sahara India finance & Investment Limited. Sahara India Tourism Development Corpn. Limited. Sahara Safe Drinking Water Supply Limited. Sahara States Bhopal Sahara States Hyderabad Sahara States Gorakhpur

Subsidiaries :	Sahara Hills Limited Sahara Sanchar Limited. Sahara School Holdings Limited Kabeer Projects Limited Sahara TV Limited Mauritius Geon Studios Private Limited. Sahara E Global Corporation Limited. Sahara India Commercial Corpn. (Overseas) Limited. Sahara E Global LLC.(Subsidiary of Sahara E Global Corporation Limited.) Sahara USA LLC. (Subsidiary of Sahara E Glob Corporation Limited.) Bhadra City Homes Bijnore Private Limited. Bishakha City Homes Bijnore Private Limited. Chahel City Homes Bijnore Private Limited

CAPITAL STRUCTURE

As on 30.06.2010

Authorised Capital :

No. of Shares	Type	Value	Amount

359,00,00,000	Equity Shares	Rs.1/- each	Rs.3590.000 Millions
10,00,000	Preference Share	Rs.100/- each	Rs.100.000 Millions
	Total		Rs.3690.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

3488372640	Equity Shares	Rs.1/- each	Rs.3488.373 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		30.06.2010 (15 Months)	31.03.2009	31.03.2008
SHAREHOLDERS FUNDS
1] Share Capital		3488.373	2988.373	2988.372
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		63131.633	13633.513	13635.015
4] (Accumulated Losses)		(29031.654)	(28735.236)	(19091.926)
NETWORTH		37588.352	(12113.352)	(2468.539)
LOAN FUNDS
1] Secured Loans		0.000	0.000	600.246
2] Unsecured Loans		39009.309	69291.782	70085.149
TOTAL BORROWING		39009.309	69291.782	70685.395
DEFERRED TAX LIABILITIES		0.000	0.000	0.000

TOTAL		76597.661	57178.430	68216.856

APPLICATION OF FUNDS

FIXED ASSETS [Net Block]		1954.422	2807.141	2628.133
Capital work-in-progress		15.767	0.000	241.034

INVESTMENT		35237.298	11467.479	72148.673
DEFERREX TAX ASSETS		0.000	0.000	0.000

CURRENT ASSETS, LOANS & ADVANCES
	Inventories	17672.435	19014.120	19533.280
	Sundry Debtors	13567.420	4833.574	6238.957
	Cash & Bank Balances	11631.544	1773.406	3357.396
	Other Current Assets	0.000	0.000	54.183
	Loans & Advances	55225.368	190127.493	161040.557
Total Current Assets		98096.767	215748.593	190224.373
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	25837.357	10821.876	5227.088
	Other Current Liabilities	32564.199	161706.571	191517.709
	Provisions	305.037	322.903	310.817
Total Current Liabilities		58706.593	172851.350	197055.614
Net Current Assets		39390.174	42897.243	(6831.241)

MISCELLANEOUS EXPENSES		0.000	6.567	30.257

TOTAL		76597.661	57178.430	68216.856

PROFIT & LOSS ACCOUNT

	PARTICULARS		30.06.2010 (15 Months)	31.03.2009	31.03.2008
	SALES
		Income	11827.282	3689.750	19506.186
		Other Income	1576.801	(711.280)	3559.170
		TOTAL	13404.083	2978.470	23065.356

Less	EXPENSES
		Increase/ (Decrease) in inventories	175.809	125.262	(2487.949)
		Purchases	1569.445	1949.248	3654.012
		Contract Work Expenses	0.000	8.715	0.000
		Cost of sale of land, WIP and Flats etc.	1646.257	1439.068	14347.345
		Remuneration to Employees and Benefits	785.942	745.229	697.052
		Administrative and other Expenses	8201.606	7424.610	11438.475
		Repairs & Maintenance	323.067	264.334	219.952
		Audit Fees and Expenses	2.758	2.758	2.809
		TOTAL	12704.884	11959.224	27871.696

Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		699.199	(8980.754)	(4806.340)

Less	FINANCIAL EXPENSES		0.000	0.000	1475.531

	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		699.199	(8980.754)	(6281.871)

Less/ Add	DEPRECIATION/ AMORTISATION		577.387	134.154	422.343

	PROFIT / (LOSS) BEFORE TAX		121.812	(9114.908)	(6704.214)

	Deferred & Other Expenses Written Off		6.567	23.690	19.058
	Prior Period Expenses (Net)		458.998	529.038	94.564
	Provision for Taxes/Fringe Benefit Tax		1.542	12.529	39.530
	Share of Profit / (Loss) from Joint Venture		48.878	36.855	38.341

Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		28735.237	19031.926	11597.724

	BALANCE CARRIED TO THE B/S		29031.654	28735.237	19091.926

	EARNINGS IN FOREIGN CURRENCY
		License Fees	117.895	91.217	52.914
	TOTAL EARNINGS		117.895	91.217	52.914

	IMPORTS
		Components and Spare Parts	0.754	0.000	1.222
		Capital Goods	12.129	0.000	13.169
	TOTAL IMPORTS		12.883	0.000	14.391

	Earnings Per Share (Rs.)		(0.09)	(3.23)	(2.51)

KEY RATIOS

PARTICULARS		30.06.2010 (15 Months)	31.03.2009	31.03.2008

Net Profit Margin (PBT/Sales)	(%)	1.03	(247.03)	(34.37)

Return on Total Assets (PBT/Total Assets}	(%)	0.12	(4.17)	(3.48)

Return on Investment (ROI) (PBT/Networth)		0.00	0.75	2.72

Debt Equity Ratio (Total Liability/Networth)		2.60	(20.00)	(108.46)

Current Ratio (Current Asset/Current Liability)		1.67	1.24	0.96

LOCAL AGENCY FURTHER INFORMATION

Check List by Info Agents	Available in Report (Yes / No)
1) Year of Establishment	Yes
2) Locality of the firm	Yes
3) Constitutions of the firm	Yes
4) Premises details	No
5) Type of Business	Yes
6) Line of Business•	Yes
7) Promoter’s background	Yes
8) No. of employees	Yes
9) Name of person contacted	No
10) Designation of contact person	No
11) Turnover of firm for last two years	Yes
12) Profitability for last three years	Yes
13) Reasons for variation <> 20%	--
14) Estimation for coming financial year	No
15) Capital in the business	Yes
16) Details of sister concerns	Yes
17) Major suppliers	No
18) Major customers	No
19) Payments terms	No
20) Export / Import details (if applicable)	No
21) Market information	--
22) Litigations that the firm / promoter	--
23) Banking Details	Yes
24) Banking facility details	Yes
25) Conduct of the banking account	--
26) Buyer visit details	--
27) Financials, if provided	Yes
28) Incorporation details, if applicable	Yes
29) Last accounts filed at ROC	Yes
30) Major Shareholders, if available	Yes

REVIEW OF OPERATIONS:

Company’s initial projects, viz., Sahara Bazaar, Sahara Trade Centre, Sahara Shopping Centre, Sahara Shopping Centre all commercial in Lucknow and Sahara Uphar, residential project in Gorakhpur have been completed, and sold. The integrated township projects under the name Sahara States in Lucknow and Hyderabad have been completed and sold.

Company is in the process of pursuing the matter of its proposed Hi tech township at Lucknow and Kanpur with the concerned Government Authorities. There are certain bottlenecks in respect of allocation of project land however the company is confident to settle the issue with the authorities.

Whereas in Gorakhpur and Bhopal, first phase has been completed and sale is in progress. Sahara Mall, Gurgaon has been completed and sold. Sahara Grace Gurgaon’s completion certificate is awaited on receipt of which handing over of possession shall start. Sahara Grace, Lucknow is in advanced stage. These projects helped enormously to improve the image of the company in Realty Sector.

CONTINGENT LIABILITIES:

Rs. In Millions

Particulars	30.06.2010	31.03.2009
Estimated amounts of contracts remaining to be executed on capital accounts and not provided for	1.300	0.000
Credit value for amount received against Sale of flats, houses and other products	63557.600	51189.200
Rent under dispute	103.700	85.300
Disputed Income Tax liabilities	70.200	728.300
Outstanding Bank Guarantees issued by Bank on behalf of the company	1042.800	670.600
Outstanding Corporate Guarantees	2725.000	2027.400

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	U70109WB1992PLC053999
Name of the company	SAHARA INDIA COMMERCIAL CORPORATION LIMITED
Address of the registered office or of the principal place of business in India of the company	Sahara India Sadan, 2-A, Shakeshpeare Sarani, Kolkata – 700071, West Bengal, India statutorysiccl@rediffmail.com
This form is for	Modification of Charge
Charge identification (ID) number of the charge to be modified	10161594
Type of charge	Immovable Property
Particular of charge holder	Punjab National Bank, MG Marg, Branch, Hazratganj, Lucknow – 226 001, Uttar Pradesh Bo4117@pnb.co.in
Nature of instrument creating charge	Letter Of Intention to Create / Extension of Equitable Mortagage In Favour of Punjab National Bank By Deposit of Title Deeds Agreement of Guarantee
Date of instrument Creating the charge	19.11.2009
Amount secured by the charge	Rs.925.00 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest BOLR + 0.50% term premia (Lonked to BPLE = 11%) Terms of Repayment FOR TERM LOAN 1 Principal to be repaid in 49 monthly installments of Rs.2.237 Millions w.e.f. June 2009 and interest to be paid as and when levied For Term Loan II Principal to be repaid in 57 monthly installments of Rs.6.140 Millions w.e.f. July 2009 and interest to be paid as and when levied Margin As Stipulated by bank Extent and Operation of the charge Extension of equitable mortgage over the Company's property comprising of total commercial area of 51805.30 sq ft situated at 3rd floor of Sahara Mall property, situated at Sector 28, Main Road, Gurgaon, Haryana for term loans of Sahara Sanchar Limited amounting to Rs.525.000 Millions in addition to equitable mortgage for term loan of Rs.400.000 Millions to Sahara One Media and Entertainment Limited which shall be operative till the entire amount of advances with interest, cost and other charges is adjusted/settled in full
Short particulars of the property or asset(s) charged (including complete address and location of the property)	Charge over the Company's property comprising of (i) Multiplex Area 26882.46 sq ft, (ii) Food Court Area 18606.93 sq ft, (iii) Shop No. R-305 area 1979.25 sq ft, (iv) Shop No. R-306 area 2688.28 sqft, (v) Shop No. 307 area 1648.38 sq ft (Total Area 51805.30 sq ft ) all situated at 3rd floor of property namely, Sahara Mall, situated at Sector 28, Main Road, Gurgaon, Haryana. India

Fixed Assets

Land
Goodwill
Air conditioner
Audio Equipment
Boat
Building
Temporary Structure
Factory Building
Clinical Instruments
Communication Equipment
Cycles
EDP System
Electrical Equipment
Electricity & Fittings
Furniture & Fixtures
Power Generation Equipment
Heavy Vehicles
Office Equipment
Plant & Machinery
Production Equipment
Safety Equipment
Sports Equipment
Studio Equipment
Tools & Tackles
Tube well
Video Equipment
Vehicles
V-SAT
Digital Satellite Receiver
House Keeping Equipment
Workshop Equipment

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.51.05
UK Pound	1	Rs.81.09
Euro	1	Rs.67.39

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	-
--LIQUIDITY	1~10	4
--LEVERAGE	1~10	4
--RESERVES	1~10	4
--CREDIT LINES	1~10	4
--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		33

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.

MIRA INFORM REPORT

17672.435

19014.120

19533.280

13567.420

4833.574

6238.957

11631.544

1773.406

3357.396

0.000

0.000

54.183

55225.368

190127.493

161040.557

98096.767

25837.357

32564.199

305.037

58706.593

39390.174

42897.243

(6831.241)

1.03

0.12

0.00

2.60

1.67

Unit