MIRA INFORM REPORT

Report Date :

10.04.2012

IDENTIFICATION DETAILS

Name :	LOKHANDWALA KATARIA CONSTRUCTION PRIVATE LIMITED
Registered Office :	72, Gandhinagar, Dainik Shivner Road, Opposite Municipal Industrial Estate, Worli, Mumbai-400018, Maharashtra
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	15.12.1998
Com. Reg. No.:	11-117468
Capital Investment / Paid-up Capital :	Rs.252.131 Millions
CIN No.: [Company Identification No.]	U45200MH1998PTC117468
TAN No.: [Tax Deduction & Collection Account No.]	MUML03556A
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is engage in the business of real estate development and construction.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (28)

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

Maximum Credit Limit :	USD 2136000
Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is an established company having moderate track. The project of the company is under implementation. There appears some accumulated losses recorded by the company. However, trade relations are reported as fair. Payments are reported to be slow. 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 :	72, Gandhinagar, Dainik Shivner Road, Opposite Municipal Industrial Estate, Worli, Mumbai-400018, Maharashtra, India
Tel. No.:	91-22-24926317
Fax No.:	91-22-24913651
E-Mail :	mml@lokhandwalainfrastructure.com admin@lokhandwalainfrastructure.com
Website :	www.lokhandwalainfrastructure.com
Ratlam Office :	11-13, Industrial Estate, Ratlam-457001, India
Tel No :	91-7412-231920 / 232094
Fax No :	91-7412-231039

DIRECTORS

As on 30.09.2011

Name :

Mr. Mohammed A. Lokhandwala

Designation :

Director

Address :

The Zehra Villa, Khan Abdul Gaffar Khan Road, Worli, Sea Face (North), Worli, Mumbai-400025, Maharashtra, India

Date of Birth/Age :

01.04.1944

Date of Appointment :

15.12.1998

DIN No.:

00219108

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	U70100MH1994PTC082637	M.A. LOKHANDWALA DUGAR SHELTERS PRIVATE LIMITED	Director	02-11-94	02-11-94	-	Strike off	NO
2	U70102MH1988PTC046270	TEZ ZAHRA PROPERTIES PRIVATE LIMITED	Director	29-07-95	29-07-95	-	Active	NO
3	U70100MH1998PTC116052	LOKHANDWALA SHELTERS INDIA PRIVATE LIMITED	Director	30-07-98	30-07-98	-	Active	NO
4	U45200MH1998PTC117468	LOKHANDWALA KATARIA CONSTRUCTION PRIVATE LIMITED	Director	15-12-98	15-12-98	-	Active	NO
5	U45200MH1992PTC066859	KHAYBER PROPERTIES AND INVESTMENTS PRIVATE LIMITED	Director	20-07-99	20-07-99	-	Active	YES
6	U45200MH1996PTC104424	SAI KRUPA BUILDERS AND DEVELOPERS PRIVATE LIMITED.	Director	19-09-00	19-09-00	-	Active	NO
7	U45200MH2003PTC143599	RATAN INFRASTRUCTURE PRIVATE LIMITED	Director	22-12-03	22-12-03	-	Active	NO
8	U67120MP1996PTC010368	CANARY FINVEST PRIVATE LIMITED	Director	20-12-04	20-12-04	-	Active	NO
9	U70100MH2005PTC151962	LOKHANDWALA BUILDERS PRIVATE LIMITED	Director	15-03-05	15-03-05	-	Strike off	NO
10	U45200MH2006PTC158561	LOKHANDWALA INFRASTRUCTURE PRIVATE LIMITED	Director	02-01-06	02-01-06	-	Active	NO
11	U45201MH2006PTC162989	RATAN BUILDERS AND DEVELOPERS PRIVATE LIMITED	Director	07-07-06	07-07-06	-	Active	NO
12	U63090MH1949PTC007320	BOMANJI DHUNJIBHOY PRIVATE LIMITED	Director	29-11-06	29-11-06	-	Active	NO
13	U45200MH2008PTC180967	VICEROY BUILDERS PRIVATE LIMITED	Director	09-04-08	09-04-08	-	Active	NO
14	U55101MH2008PTC184210	VISTA PALACE AND HOTELS (INDIA) PRIVATE LIMITED	Director	02-07-08	02-07-08	-	Active	NO
15	U45202MH2008PTC188347	LOKHANDWALA HOUSING AND INFRASTRUCTURE PRIVATE LIMITED	Director	19-11-08	19-11-08	-	Active	NO
16	U45202MH2010PTC209059	LOKHANDWALA INFRASTRUCTURE AND PROPERTIES PRIVATE LIMITED	Director	15-10-10	15-10-10	-	Active	NO
17	U51909MH2007PTC170797	SOLO COMMODITIES PRIVATE LIMITED	Director	01-10-11	01-10-11	-	Active	NO

Name :

Mr. Alisgar M. Lokhandwala

Designation :

Director

Address :

The Zehra Villa, Khan Abdul Gaffar Khan Road, Worli, Sea Face (North), Worli, Mumbai-400025, Maharashtra, India

Date of Birth/Age :

22.01.1975

Date of Appointment :

15.12.1998

DIN No.:

00219135

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	U45200MH1998PTC117468	LOKHANDWALA KATARIA CONSTRUCTION PRIVATE LIMITED	Director	15-12-98	15-12-98	-	Active	NO
2	U70100MH1998PTC116052	LOKHANDWALA SHELTERS INDIA PRIVATE LIMITED	Director	16-04-99	16-04-99	-	Active	NO
3	U45200MH1996PTC104424	SAI KRUPA BUILDERS AND DEVELOPERS PRIVATE LIMITED.	Director	19-09-00	19-09-00	-	Active	NO
4	U70102MH1988PTC046270	TEZ ZAHRA PROPERTIES PRIVATE LIMITED	Director	16-08-01	16-08-01	-	Active	NO
5	U63033MH2003PTC141021	LOKHANDWALA AVIATION PRIVATE LIMITED	Director	24-06-03	24-06-03	-	Strike off	NO
6	U45200MH2003PTC143599	RATAN INFRASTRUCTURE PRIVATE LIMITED	Director	22-12-03	22-12-03	-	Active	NO
7	U70100MH2005PTC151962	LOKHANDWALA BUILDERS PRIVATE LIMITED	Director	15-03-05	15-03-05	-	Strike off	NO
8	U67120MP1996PTC010368	CANARY FINVEST PRIVATE LIMITED	Director	20-08-05	20-08-05	-	Active	NO
9	U74140MH2005PTC158078	BETTER HOMES REAL ESTATES SERVICES PRIVATE LIMITED	Director	15-12-05	15-12-05	-	Active	NO
10	U45200MH2006PTC158561	LOKHANDWALA INFRASTRUCTURE PRIVATE LIMITED	Director	02-01-06	02-01-06	-	Active	NO
11	U45201MH2006PTC162989	RATAN BUILDERS AND DEVELOPERS PRIVATE LIMITED	Director	07-07-06	07-07-06	-	Active	NO
12	U63090MH1949PTC007320	BOMANJI DHUNJIBHOY PRIVATE LIMITED	Director	29-11-06	29-11-06	-	Active	NO
13	U51909MH2007PTC170797	SOLO COMMODITIES PRIVATE LIMITED	Director	14-05-07	14-05-07	-	Active	NO
14	U45400MH2007PTC174418	LOKHANDWALA UNIVERSAL PRIVATE LIMITED	Director	24-09-07	24-09-07	-	Active	NO
15	U45200MH2008PTC180967	VICEROY BUILDERS PRIVATE LIMITED	Director	09-04-08	09-04-08	-	Active	NO
16	U45202MH2008PTC182635	VISTA HOMES PRIVATE LIMITED	Director	23-05-08	23-05-08	-	Active	NO
17	U55101MH2008PTC184210	VISTA PALACE AND HOTELS (INDIA) PRIVATE LIMITED	Director	02-07-08	02-07-08	-	Active	NO
18	U45202MH2008PTC188347	LOKHANDWALA HOUSING AND INFRASTRUCTURE PRIVATE LIMITED	Director	19-11-08	19-11-08	-	Active	NO
19	U45202MH2010PTC209059	LOKHANDWALA INFRASTRUCTURE AND PROPERTIES PRIVATE LIMITED	Director	15-10-10	15-10-10	-	Active	NO

Name :

Mr. Moiz M. Lokhandwala

Designation :

Nominee Director of Trinity Capital (Five) Limited

Address :

9^th Cross, # 04-09, Cosra RHU, Singapore 437436

Date of Birth/Age :

19.04.1970

Date of Appointment :

22.03.2000

DIN No.:

00219152

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	U70100MH1994PTC082637	M.A. LOKHANDWALA DUGAR SHELTERS PRIVATE LIMITED	Director	02-11-94	02-11-94	-	Strike off	NO
2	U70100MH1998PTC116052	LOKHANDWALA SHELTERS INDIA PRIVATE LIMITED	Director	30-07-98	30-07-98	-	Active	NO
3	U45200MH1998PTC117468	LOKHANDWALA KATARIA CONSTRUCTION PRIVATE LIMITED	Director	22-03-00	22-03-00	-	Active	NO
4	U45200MH1996PTC104424	SAI KRUPA BUILDERS AND DEVELOPERS PRIVATE LIMITED.	Director	19-09-00	19-09-00	-	Active	NO
5	U70102MH1988PTC046270	TEZ ZAHRA PROPERTIES PRIVATE LIMITED	Director	16-08-01	16-08-01	-	Active	NO
6	U63033MH2003PTC141021	LOKHANDWALA AVIATION PRIVATE LIMITED	Director	24-06-03	24-06-03	-	Strike off	NO
7	U45200MH2003PTC143599	RATAN INFRASTRUCTURE PRIVATE LIMITED	Director	22-12-03	22-12-03	-	Active	NO
8	U70100MH2005PTC151962	LOKHANDWALA BUILDERS PRIVATE LIMITED	Director	15-03-05	15-03-05	-	Strike off	NO
9	U67120MP1996PTC010368	CANARY FINVEST PVT LTD	Director	14-12-05	14-12-05	-	Active	NO
10	U74140MH2005PTC158078	BETTER HOMES REAL ESTATES SERVICES PRIVATE LIMITED	Director	15-12-05	15-12-05	-	Active	NO
11	U45200MH2006PTC158561	LOKHANDWALA INFRASTRUCTURE PVT LTD	Director	02-01-06	02-01-06	-	Active	NO
12	U45201MH2006PTC162989	RATAN BUILDERS AND DEVELOPERS PRIVATE LIMITED	Director	07-07-06	07-07-06	-	Active	NO
13	U63090MH1949PTC007320	BOMANJI DHUNJIBHOY PRIVATE LIMITED	Director	29-11-06	29-11-06	-	Active	NO
14	U51909MH2007PTC170797	SOLO COMMODITIES PRIVATE LIMITED	Director	14-05-07	14-05-07	-	Active	NO
15	U45400MH2007PTC174418	LOKHANDWALA UNIVERSAL PRIVATE LIMITED	Director	24-09-07	24-09-07	-	Active	NO
16	U45200MH2008PTC180967	VICEROY BUILDERS PRIVATE LIMITED	Director	09-04-08	09-04-08	-	Active	NO
17	U45202MH2008PTC182635	VISTA HOMES PRIVATE LIMITED	Director	23-05-08	23-05-08	-	Active	NO
18	U55101MH2008PTC184210	VISTA PALACE AND HOTELS (INDIA) PRIVATE LIMITED	Director	02-07-08	02-07-08	-	Active	NO
19	U45202MH2008PTC188347	LOKHANDWALA HOUSING AND INFRASTRUCTURE PRIVATE LIMITED	Director	19-11-08	19-11-08	-	Active	NO
20	U45202MH2010PTC209059	LOKHANDWALA INFRASTRUCTURE AND PROPERTIES PRIVATE LIMITED	Director	15-10-10	15-10-10	-	Active	NO

Name :

Mr. Pradeep S. Verma

Designation :

Nominee Director of Trinity Capital (Five) Limited

Address :

78, Holland Road, #40-02, The Duet, Singapore-258873

Date of Birth/Age :

02.07.1953

Date of Appointment :

07.10.2009

DIN No.:

02691123

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	U45200MH1998PTC117468	LOKHANDWALA KATARIA CONSTRUCTION PRIVATE LIMITED	Nominee director	07-10-09	07-10-09	-	Active	NO
2	U45201DL2005PTC138745	LUXOR CYBER CITY PRIVATE LIMITED	Director	30-09-10	08-10-09	-	Active	NO
3	U45209DL2007PTC157234	SANKALP BUILDWELL PRIVATE LIMITED	Director	28-12-10	08-10-09	28-02-11	Active	NO
4	U72900DL2004PTC131530	UPPALS IT PROJECTS PRIVATE LIMITED	Director	15-11-10	09-10-09	-	Active	NO
5	U45200DL2007PTC157307	NIRMAAN BUILDWELL PRIVATE LIMITED	Director	30-11-10	10-11-09	-	Active	NO
6	U45200DL2008PTC176653	JODHANA DEVELOPERS PRIVATE LIMITED	Nominee director	24-12-09	24-12-09	-	Active	NO
7	U45400MH2008PTC178625	ENIGMA CONSTRUCTIONS PRIVATE LIMITED	Nominee director	11-08-10	17-03-10	03-11-11	Active	NO
8	U45200MH2003PTC140091	KAPSTONE CONSTRUCTIONS PRIVATE LIMITED	Nominee director	11-08-10	17-03-10	30-06-11	Active	NO
9	U60231MH2007PLC171419	HORIZON COUNTRY WIDE LOGISTICS LIMITED	Nominee director	30-09-10	30-06-10	-	Active	NO

Name :

Mr. Jasmeet H. Chhabra

Designation :

Nominee Director of Trinity Capital (Five) Limited

Address :

Flat No.303, B Wings, Rajkamal Heights, Rajkamal Lane, Dr. S S Road, Parel (East), Mumbai-400012, Maharashtra, India

Date of Birth/Age :

18.03.1977

Date of Appointment :

24.09.2010

DIN No.:

00930654

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	U45203AP2006PTC051164	ALPHA CITY CHENNAI IT PARK PROJECTS PRIVATE LIMITED	Director	15-09-06	15-09-06	-	Active	NO
2	U70100AP1998PTC029590	AMSRI BUILDERS PRIVATE LIMITED	Director	27-11-06	27-11-06	09-08-11	Active	NO
3	U45201MH2006PTC165659	NEPTUNE REALTORS PRIVATE LIMITED	Director	23-01-07	23-01-07	19-01-11	Active	NO
4	U70102AP2007PTC052651	AMSRI HOMES PRIVATE LIMITED	Director	22-02-07	22-02-07	09-08-11	Active	NO
5	U70102AP2007PTC052483	AMSRI REALTORS PRIVATE LIMITED	Director	01-06-07	01-06-07	09-08-11	Active	NO
6	U45200AP2007PTC052936	AMSRI PROPERTIES AND TOWNSHIPS PRIVATE LIMITED	Director	01-06-07	01-06-07	09-08-11	Active	NO
7	U70102AP2006PTC052144	AMSRI DEVELOPERS PRIVATE LIMITED	Director	01-06-07	01-06-07	09-08-11	Active	NO
8	U45200MH2005PTC157377	FLAGSHIP INFRASTRUCTURE PRIVATE LIMITED	Director	29-09-07	14-06-07	-	Active	NO
9	U45200AP2006PTC051986	AMSRI INFRA PROJECTS PRIVATE LIMITED	Director	03-09-07	03-09-07	09-08-11	Active	NO
10	U45201KA1980PTC003879	SKYLINE CONSTRUCTION AND HOUSING PRIVATE LIMITED	Director	29-09-07	29-09-07	27-08-11	Active	NO
11	U45200AP2006PTC048680	AMSRI CONSTRUCTIONS PRIVATE LIMITED	Director	20-10-07	20-10-07	09-08-11	Active	NO
12	U70102MH1995PTC086551	SAMIRA GETAWAYS AND PROPERTIES PRIVATE LIMITED	Director	23-05-08	12-11-07	16-09-11	Active	NO
13	U70200MH2007PTC175594	SAMIRA REALTY PROJECTS PRIVATE LIMITED	Director	14-08-08	13-06-08	16-09-11	Active	NO
14	U45400MH2008PTC178965	ASHNA REALTORS PRIVATE LIMITED	Nominee director	10-09-08	10-09-08	-	Active	NO
15	U45201MH2006PTC164932	ASHVI DEVELOPERS PRIVATE LIMITED	Nominee director	10-09-08	10-09-08	-	Active	NO
16	U60231MH2007PLC171419	HORIZON COUNTRY WIDE LOGISTICS LIMITED	Nominee director	30-09-10	30-06-10	-	Active	NO
17	U45200MH2003PTC140091	KAPSTONE CONSTRUCTIONS PRIVATE LIMITED	Alternate director	23-07-10	23-07-10	30-06-11	Active	NO
18	U45400MH2008PTC178625	ENIGMA CONSTRUCTIONS PRIVATE LIMITED	Alternate director	23-07-10	23-07-10	03-11-11	Active	NO
19	U45200MH1998PTC117468	LOKHANDWALA KATARIA CONSTRUCTION PRIVATE LIMITED	Nominee director	24-09-10	24-09-10	-	Active	NO
20	U45200MH1997PTC106374	PSC REALTORS PRIVATE LIMITED	Director	20-09-11	04-12-10	-	Active	NO
21	U45200MH1997PTC106328	MATRIX DEVELOPERS PRIVATE LIMITED	Director	26-09-11	14-01-11	-	Active	NO
22	U72200MH1999PTC117777	NEOPRO TECHNOLOGIES PRIVATE LIMITED	Additional director	23-12-11	23-12-11	-	Active	NO
23	U45201PN2005PTC020888	FLAGSHIP DEVELOPERS PRIVATE LIMITED	Additional director	23-12-11	23-12-11	-	Active	NO

Name :

Mr. Ramesh T. Jogani

Designation :

Nominee Director of Trinity Capital (Five) Limited

Address :

1601, Veena Apartments, Walkeshwar Road, Mumbai-400006, Maharashtra, India

Date of Birth/Age :

01.05.1963

Date of Appointment :

24.09.2010

DIN No.:

00024828

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	U45200MH1987PTC045612	NARESH DEVELOPERS PRIVATE LIMITED	Director	17-12-87	17-12-87	-	Active	NO
2	U92100MH1973PTC016397	DHARTI CINE ENTERPRISES PRIVATE LIMITED	Director	17-12-87	17-12-87	-	Active	NO
3	U70100MH1987PLC045620	KHUSHI INDUSTRIES LIMITED	Director	24-02-92	24-02-92	15-01-09	Active	NO
4	U51900MH1991PLC062099	NIKITA PROPERTIES LIMITED	Director	16-03-93	16-03-93	29-03-07	Active	NO
5	U51900MH1993PTC074466	PANTHEON EXPORT PRIVATE LIMITED	Director	13-10-93	13-10-93	-	Active	NO
6	U45200MH1995PLC085996	JOGANI CONSTRUCTIONS LIMITED	Director	01-03-95	01-03-95	-	Active	NO
7	U74210MH1995PTC088920	SANJANA PROPERTIES PRIVATE LIMITED	Director	30-05-95	30-05-95	-	Active	NO
8	U45200MH1995PTC089453	RAVIKIRAN PROPERTIES PRIVATE LIMITED	Director	12-06-95	12-06-95	-	Active	NO
9	U67120MH1995PTC091995	SANJANA SECURITIES PRIVATE LIMITED	Director	21-08-95	21-08-95	08-06-09	Active	NO
10	U76100MH1996PTC102637	SAPNA PREMISES PRIVATE LIMITED	Director	18-09-96	18-09-96	31-03-10	Active	NO
11	U70100MH1996PTC102631	SANJANA HOMES PRIVATE LIMITED	Director	18-09-96	18-09-96	31-03-10	Active	NO
12	U70100MH1996PTC103221	RAHUL HOMES PRIVATE LIMITED	Director	10-10-96	10-10-96	31-03-10	Active	NO
13	U67190MH2005PTC154781	INDIAREIT FUND ADVISORS PRIVATE LIMITED	Managing director	16-01-06	16-01-06	-	Active	NO
14	U70200MH2000PTC125475	STARLIGHT SYSTEMS PRIVATE LIMITED	Additional director	13-02-06	13-02-06	03-10-07	Active	NO
15	U70102AP2006PTC049456	SSPDL RETREAT PRIVATE LIMITED	Director	29-09-07	13-05-06	-	Active	NO
16	U70100AP1998PTC029590	AMSRI BUILDERS PRIVATE LIMITED	Director	27-11-06	27-11-06	01-07-08	Active	NO
17	U45201MH2006PTC165659	NEPTUNE REALTORS PRIVATE LIMITED	Director	23-01-07	23-01-07	09-05-11	Active	NO
18	U70102AP2007PTC052651	AMSRI HOMES PRIVATE LIMITED	Director	22-02-07	22-02-07	01-07-08	Active	NO
19	U70102AP2007PTC052483	AMSRI REALTORS PRIVATE LIMITED	Director	01-06-07	01-06-07	01-07-08	Active	NO
20	U70102AP2006PTC052144	AMSRI DEVELOPERS PRIVATE LIMITED	Director	01-06-07	01-06-07	01-07-08	Active	NO
21	U45200AP2007PTC052936	AMSRI PROPERTIES AND TOWNSHIPS PRIVATE LIMITED	Director	01-06-07	01-06-07	01-07-08	Active	NO
22	U45200MH2005PTC157377	FLAGSHIP INFRASTRUCTURE PRIVATE LIMITED	Director	29-09-07	14-06-07	-	Active	NO
23	U70102MH1995PTC086551	SAMIRA GETAWAYS AND PROPERTIES PRIVATE LIMITED	Director	23-05-08	12-11-07	20-09-11	Active	NO
24	U70102MH2004PLC147510	NEPTUNE DEVELOPERS LIMITED	Director	24-09-08	01-04-08	-	Active	NO
25	U70200MH2007PTC175594	SAMIRA REALTY PROJECTS PRIVATE LIMITED	Director	14-08-08	13-06-08	20-09-11	Active	NO
26	U45201MH2006PTC164932	ASHVI DEVELOPERS PRIVATE LIMITED	Nominee director	10-09-08	10-09-08	-	Active	NO
27	U45400MH2008PTC178965	ASHNA REALTORS PRIVATE LIMITED	Nominee director	10-09-08	10-09-08	-	Active	NO
28	U45400MH2008PTC178625	ENIGMA CONSTRUCTIONS PRIVATE LIMITED	Nominee director	11-08-10	21-07-10	03-11-11	Active	NO
29	U45200DL2007PTC157307	NIRMAAN BUILDWELL PRIVATE LIMITED	Director	30-11-10	24-07-10	-	Active	NO
30	U72900DL2004PTC131530	UPPALS IT PROJECTS PRIVATE LIMITED	Director	15-11-10	24-07-10	-	Active	NO
31	U45200DL2008PTC176653	JODHANA DEVELOPERS PRIVATE LIMITED	Nominee director	11-08-10	11-08-10	-	Active	NO
32	U45201DL2005PTC138745	LUXOR CYBER CITY PRIVATE LIMITED	Director	30-09-10	22-09-10	-	Active	NO
33	U45200MH1998PTC117468	LOKHANDWALA KATARIA CONSTRUCTION PRIVATE LIMITED	Nominee director	24-09-10	24-09-10	-	Active	NO
34	U70100MH2010PTC208769	BLUE CRYSTAL CONSTRUCTION AND DEVELOPERS PRIVATE LIMITED	Director	07-10-10	07-10-10	-	Active	NO
35	U45200MH1997PTC106374	PSC REALTORS PRIVATE LIMITED	Director	20-09-11	04-12-10	-	Active	NO
36	U45200MH1997PTC106328	MATRIX DEVELOPERS PRIVATE LIMITED	Director	26-09-11	14-01-11	-	Active	NO
37	U45201PN2005PTC020888	FLAGSHIP DEVELOPERS PRIVATE LIMITED	Additional director	23-12-11	23-12-11	-	Active	NO
38	U72200MH1999PTC117777	NEOPRO TECHNOLOGIES PRIVATE LIMITED	Additional director	23-12-11	23-12-11	-	Active	NO
39	U70101DL2010PTC209128	AMBIENCE PROJECTS AND INFRASTRUCTURE PRIVATE LIMITED	Additional director	07-02-12	07-02-12	-	Active	NO

KEY EXECUTIVES

Name :	Ms. Reena Bajaj
Designation :	Secretary
Address :	B/201, Manika Apartments, Mahakali Caves Road, Andheri (East), Mumbai-400093, Maharashtra, India
Date of Birth/Age :	20.06.1976
Date of Appointment :	01.01.2010
PAN No :	AFPPB7597B

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2011

Names of Shareholders	Class A	Class B	Optionally Convertible Cumulative Redeemable Preference Shares
Mohammed A. Lokhandwala	6100	1000	0
Moiz M. Lokhandwala	26675	3700	0
Alisgar M. Lokhandwala	29675	4000	0
Zohra Lokhandwala	5000	500	0
Samina Lokhandwala	2000	200	0
Mustafa Lokhandwala (under the guardianship of Mr. Moiz M. Lokhandwala)	1000	100	0
Ashok Kataria	2550	500	0
Trinity Capital (Five) Limited	70137	0	25060000
Total	143137	10000	25060000

Equity Share Break up (Percentage of Total Equity)

As ON 30.09.2011

Category	Percentage
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	49.00
Directors or relatives of Directors	51.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Subject is engage in the business of real estate development and construction.
Products :	Real Estate

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

· Bank of Baroda, 135, CDC Building, Dr. Annie Besant Road, Worli, Mumbai-400018, Maharashtra, India

· Corporation Bank, Phoenix Mill Compound, Lower Parel Branch, Mumbai-400013, Maharashtra, India

Facilities :

Secured Loan	As on 31.03.2011 (Rs. in Millions)	As on 31.03.2010 (Rs. in Millions)
Rupee term loans banks secured	556.302	100.000
Total	556.302	100.000
Footnotes (A) (Both the above loans are secured by way of registered mortgage of development rights of saleable portion and construction of saleable building at plots bearing No. C.A. No. 1(part) and 2(part) of Lower parel Division, J.R. Boricha Marg, Mumbai)
Unsecured Loan	As on 31.03.2011 (Rs. in Millions)	As on 31.03.2010 (Rs. in Millions)
Loans directors unsecured	0.700	0.050
Total	0.700	0.050

Banking Relations :	--
Auditors :
Name :	B S R and Company Chartered Accountant
Address :	5^th Floor, Lodha Enclave, Appollo Mills Compound, N. M. Joshi Marg, Mahalaxmi, Mumbai-400011, Maharashtra, India
PAN.:	AAIFB0630K
Shareholders with substantial interest in voting power:	Moiz M Lokhandwala Aliasgar M Lokhandwala Trinity Capital (Five) Limited
Enterprises over which persons covered in (A) exercise significant influence :	Lokhandwala Infrastructure Private Limited Lokhandwala Shelters India Private Limited De Zens Products

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
150000	Equity Shares (Class A)	Rs.10/- each	Rs.1.500 millions
100000	Equity Shares (Class B)	Rs.10/- each	Rs.1.000 million
750000	Equity Shares (Class C)	Rs.10/- each	Rs.7.500 millions
25250000	Preference Shares	Rs.10/- each	Rs.252.500 millions
	Total		Rs.262.500 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
143137	Equity Shares (Class A)	Rs.10/- each	Rs.1.431 millions
10000	Equity Shares (Class B)	Rs.10/- each	Rs0.100 million
25060000	12% Optionally Convertible Cumulative Redeemable Preference Shares	Rs.10/- each	Rs.250.600 millions
	Total		Rs.252.131 millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011	31.03.2010	31.03.2009
SHAREHOLDERS FUNDS
1] Share Capital		252.131	252.131	251.700
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		470.572	470.572	0.000
4] (Accumulated Losses)		(188.767)	(24.212)	(3.935)
NETWORTH		533.936	698.491	247.765
LOAN FUNDS
1] Secured Loans		556.302	100.000	0.000
2] Unsecured Loans		0.700	0.050	0.050
TOTAL BORROWING		557.002	100.050	0.050
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		1090.938	798.541	247.815
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		5.870	0.156	0.040
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	1447.451	473.662	303.667
	Sundry Debtors	0.000	0.000	0.000
	Cash & Bank Balances	16.804	53.380	2.294
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	862.089	367.704	61.253
Total Current Assets		2326.344	894.746	367.214
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	188.300	80.971	16.471
	Other Current Liabilities	1052.756	15.390	102.968
	Provisions	0.220	0.000	0.000
Total Current Liabilities		1241.276	96.361	119.439
Net Current Assets		1085.068	798.385	247.775
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		1090.938	798.541	247.815

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	Gross Income		18.368	0.891	0.000
Less	EXPENSES
		Office Expenses	182.256	21.167	2.169
		Administrative Expenses
		Advertising Expenses
		TOTAL	182.256	21.167	2.169
	PROFIT(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION				(2.169)
Less/ Add	DEPRECIATION/ AMORTISATION				0.012
	PROFIT/(LOSS) BEFORE TAX		(163.888)	(20.276)	(2.181)
Less	TAX		(0.667)	0.000	0.000
	PROFIT/(LOSS) AFTER TAX		(164.555)	(20.276)	(2.181)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		(24.456)	(4.178)	(1.997)
	BALANCE CARRIED TO THE B/S		(189.011)	(24.454)	(4.178)
	Earnings/(loss) Per Share (Rs.)		(1303.55)	(429.83)	(339.67)

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
Return on Total Assets (PBT/Total Assets}	(%)	(7.03)	(2.26)	(0.59)
Return on Investment (ROI) (PBT/Networth)		(0.31)	(0.03)	(0.01)
Debt Equity Ratio (Total Liability/Networth)		3.37	0.28	0.48
Current Ratio (Current Asset/Current Liability)		1.87	9.28	3.07

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	No
9) Name of person contacted	No
10) Designation of contact person	No
11) Turnover of firm for last three 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	No
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	Yes
26) Buyer visit details	Yes
27) Financials, if provided	Yes
28) Incorporation details, if applicable	Yes
29) Last accounts filed at ROC	--
30) Major Shareholders, if available	--

OPERATION AND OUTLOOK

The Minerva project still being at the initial stage so there is no sales turnover nor there any profits for the year ended on 31st March 2011.

The Project has received good response from the pre-launch stage due to prime location, exclusive amenities and about 33% of the project areas are booked/ sold.

Recent impact of the global downturn onto India and the slowdown real estate venture and this environment is not conducive for development of residential as well as commercial project. But their Company is constantly putting efforts to complete the project well ahead of schedule and achieve the sales target.

During the year, there were lots of changes in economic and political scenario there was downturn in the real estate. However, their Company is constantly putting efforts to achieve the Sales Target and optimistic of reaping positive results in the future

FORM 8

Corporate identity number of the company	U45200MH1998PTC117468
Name of the company	LOKHANDWALA KATARIA CONSTRUCTION PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	72, Gandhinagar, Dainik Shivner Road, Opposite Municipal Industrial Estate, Worli, Mumbai-400018, Maharashtra, India
This form is for	Creation of charge
Type of charge	Immovable property
Particular of charge holder	Bank of Baroda, 135, CDC Building, Dr. Annie Besant Road, Worli, Mumbai-400018, Maharashtra, India
Nature of instrument creating charge	Deed of Simple mortgage dated 20.05.2010
Date of instrument Creating the charge	20.05.2010
Amount secured by the charge	Rs. 2000.000 millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of interest 13% p.a. (floating) presently with the monthly rests. Terms of repayment Bank of Baroda, Worli Branch - Rs. 1000.000 millions and UCO Bank ,Worli Branch - Rs. 1000.000 millions shall be repaid as under : Eight quarterly Equal installments of Rs. 12,50,00,000/- each to both the Banks commencing from first quarter of Calendar year 2013.First Installment due in March 2013 . Interest to be paid as and when due including moratorium period. Margin 82.18% Extent and operation of the charge Total Term Loan facility of Rs. 2000.000 millions granted to the Company. (Rs. 1000.000 millions from Bank of Baroda, Worli Branch and Rs. 1000.000 millions from UCO Bank, Worli Branch, MUMBAI) Charge will remain till the full repayment of both the term loans of Rs. 1000.000 millions from Bank of Baroda, Worli Branch and Rs. 1000.000 millions from UCO Bank, Worli Branch is made by the Company.
Short particulars of the property charged (Including location of the property)	Registered mortgage of development rights of Saleable portion of the project at C.S. No. 1 (part) and 2 (part) of Lower Parel Division at J.R. Boricha marg, MUMBAI-400011 and Construction of Saleable Building comprising of 444 flats thereon on a pari passu basis.

FIXED ASSETS

ü Computers

ü Furniture and Fixtures

ü Office Equipments

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	2
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	2
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		28

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.