MIRA INFORM REPORT

Report Date :

11.04.2012

IDENTIFICATION DETAILS

Name :	UPPAL HOUSING PRIVATE LIMITED

Formerly Known as :	UPPAL HOUSING LIMITED

Registered Office :	5^th Floor, South Tower, NBCC Place, Pragati Vihar, Lodhi Road, New Delhi – 110003

Country :	India

Financials (as on) :	31.03.2011

Date of Incorporation :	27.02.1991

Com. Reg. No.:	55-043274

Capital Investment / Paid-up Capital :	Rs.223.130 Millions

CIN No.: [Company Identification No.]	U74899DL1991PTC043274

TAN No.: [Tax Deduction & Collection Account No.]	DELU02112F

PAN No.: [Permanent Account No.]	AAACU1786A

Legal Form :	Private Limited Liability Company

Line of Business :	The company is in the business of development, Sale, Advisory and other real estate development related activities.

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (45)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 13500000

Status :	Satisfactory

Payment Behaviour :	Usually correct

Litigation :	Clear

Comments :	Subject is an established company having satisfactory track. Trade relations are reported as fair. Business is active. Payments are reported to be usually correct and as per commitments. The company can be considered normal for business dealings at usual trade terms and conditions.

NOTES :

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

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/ Corporate Office :	5^th Floor, South Tower, NBCC Place, Pragati Vihar, Lodhi Road, New Delhi – 110003, India
Tel. No.:	91-11-41070707
Fax No.:	91-11-41070708
E-Mail :	info@uppal.co.in sales@uppal.co.in business@uppal.co.in

DIRECTORS

As on 30.09.2011

Name :

Mr. Bushan Kumar Uppal

Designation :

Director

Address :

N-55, Panchsheel Park, New Delhi – 110017, India

Date of Birth/Age :

26.12.1945

Qualification :

Graduate

Date of Appointment :

27.02.1991

DIN No.:

00042278

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	U74899DL1986PTC025528	MANHAR MARKETING PRIVATE LIMITED	Director	29/01/1987	29/01/1987	-	Amalgamated	NO
2	U74899DL1986PTC025525	MANU AGENCIES PRIVATE LIMITED	Director	29/01/1987	29/01/1987	-	Amalgamated	NO
3	U74899DL1987PTC027320	AROHI FARMS PRIVATE LIMITED	Director	12/05/1988	12/05/1988	-	Amalgamated	NO
4	U74899DL1987PTC027933	ROCKLAND FARMS PRIVATE LIMITED	Director	12/05/1988	12/05/1988	-	Amalgamated	NO
5	U74899DL1989PTC036619	UPPAL HOSPITALITY PRIVATE LIMITED	Director	14/06/1989	14/06/1989	-	Active	NO
6	U74899DL1989PTC037444	POOJA FARMS PRIVATE LIMITED	Director	11/11/1989	11/11/1989	-	Amalgamated	NO
7	U74899DL1989PTC037442	SUPRABHAT FARMS PRIVATE LIMITED	Director	1/12/1989	1/12/1989	-	Amalgamated	NO
8	U74899DL1991PTC043273	CRYSTAL CITY DEVELOPERS PRIVATE LIMITED	Director	27/02/1991	27/02/1991	-	Active	NO
9	U74899DL1991PTC043274	UPPAL HOUSING PRIVATE LIMITED	Director	1/04/2007	27/02/1991	-	Active	NO
10	U74899DL1984PTC017472	PUJAS SHILPKALA PRIVATE LIMITED	Director	19/04/1991	19/04/1991	-	Active	NO
11	U74899DL1991PTC044270	UPPAL HOTELS PRIVATE LIMITED	Director	7/06/1991	7/06/1991	-	Active	NO
12	U74899DL1982PTC013376	SARANSH DEVELOPERS PRIVATE LIMITED	Director	13/08/2003	13/08/2003	-	Active	NO
13	U45202DL1998PTC093118	RIDGE VIEW CONSTRUCTIONS PRIVATE LIMITED	Director	4/09/2003	4/09/2003	29/03/2007	Active	NO
14	U45201DL2003PTC123494	INDIA COLONISERS PRIVATE LIMITED	Director	5/01/2004	5/01/2004	-	Active	NO
15	U65993DL2004PTC126507	UPPAL SONS HOLDINGS PRIVATE LIMITED	Director	21/05/2004	21/05/2004	-	Active	NO
16	U45202DL2001PTC112449	PROSPEROUS ESTATES PRIVATE LIMITED	Director	11/06/2004	11/06/2004	-	Active	NO
17	U45201DL2004PTC128784	UPPAL-CHADHA HI-TECH DEVELOPERS PRIVATE LIMITED	Director	2/09/2004	2/09/2004	19/06/2009	Active	NO
18	U70102DL2002PTC117222	HARI REALTECH PRIVATE LIMITED	Director	25/11/2004	25/11/2004	14/06/2007	Active	NO
19	U45201DL2004PTC131529	UP TOWNSHIP PRIVATE LIMITED	Director	22/12/2004	22/12/2004	26/09/2011	Active	NO
20	U74999DL2004PTC131590	UPPALS INFO AND BIO TECHNOLOGIES PRIVATE LIMITED	Director	24/12/2004	24/12/2004	-	Active	NO
21	U70102DL2005PTC132799	TANMAY REALTECH PRIVATE LIMITED	Director	9/05/2005	9/05/2005	14/06/2007	Active	NO
22	U45201DL2005PTC138745	LUXOR CYBER CITY PRIVATE LIMITED	Director	15/07/2005	15/07/2005	-	Active	NO

Name :

Mr. Manish Uppal

Designation :

Managing director

Address :

N-55, Panchsheel Park, New Delhi – 110017, India

Date of Birth/Age :

16.04.1973

Qualification :

Graduate

Date of Appointment :

22.06.1995

DIN No.:

00042219

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	U74899DL1989PTC036619	UPPAL HOSPITALITY PRIVATE LIMITED	Managing director	1/06/2008	20/01/1992	-	Active	NO
2	U74899DL1991PTC043274	UPPAL HOUSING PRIVATE LIMITED	Managing director	1/02/2007	22/06/1995	-	Active	NO
3	U74899DL1991PTC044270	UPPAL HOTELS PRIVATE LIMITED	Director	25/08/1995	25/08/1995	-	Active	NO
4	U74899DL1986PTC025528	MANHAR MARKETING PRIVATE LIMITED	Director	25/08/1995	25/08/1995	-	Amalgamated	NO
5	U74899DL1987PTC027320	AROHI FARMS PRIVATE LIMITED	Director	25/08/1995	25/08/1995	-	Amalgamated	NO
6	U74899DL1986PTC025525	MANU AGENCIES PRIVATE LIMITED	Director	25/08/1995	25/08/1995	-	Amalgamated	NO
7	U74899DL1987PTC027933	ROCKLAND FARMS PRIVATE LIMITED	Director	25/08/1995	25/08/1995	-	Amalgamated	NO
8	U74899DL1991PTC043273	CRYSTAL CITY DEVELOPERS PRIVATE LIMITED	Director	10/04/1996	10/04/1996	-	Active	NO
9	U74899DL1989PTC037442	SUPRABHAT FARMS PRIVATE LIMITED	Director	10/04/1996	10/04/1996	-	Amalgamated	NO
10	U74899DL1984PTC017472	PUJAS SHILPKALA PRIVATE LIMITED	Director	11/04/1996	11/04/1996	18/10/2008	Active	NO
11	U74899DL1989PTC037444	POOJA FARMS PRIVATE LIMITED	Director	12/04/1996	12/04/1996	-	Amalgamated	NO
12	U74899DL1982PTC013376	SARANSH DEVELOPERS PRIVATE LIMITED	Director	13/08/2003	13/08/2003	-	Active	NO
13	U45201DL2003PTC123494	INDIA COLONISERS PRIVATE LIMITED	Director	5/01/2004	5/01/2004	-	Active	NO
14	U65993DL2004PTC126507	UPPAL SONS HOLDINGS PRIVATE LIMITED	Director	21/05/2004	21/05/2004	-	Active	NO
15	U45202DL2001PTC112449	PROSPEROUS ESTATES PRIVATE LIMITED	Director	11/06/2004	11/06/2004	-	Active	NO
16	U45201DL2004PTC128784	UPPAL-CHADHA HI-TECH DEVELOPERS PRIVATE LIMITED	Director	1/10/2004	1/10/2004	19/06/2009	Active	NO
17	U74999DL2004PTC131590	UPPALS INFO AND BIO TECHNOLOGIES PRIVATE LIMITED	Director	24/12/2004	24/12/2004	-	Active	NO
18	U70102DL2005PTC132799	TANMAY REALTECH PRIVATE LIMITED	Director	9/05/2005	9/05/2005	14/06/2007	Active	NO
19	U70102DL2002PTC117222	HARI REALTECH PRIVATE LIMITED	Director	9/05/2005	9/05/2005	14/06/2007	Active	NO
20	U70109DL2006PTC149303	HAWKS TOWN PLANNERS PRIVATE LIMITED	Director	29/09/2007	3/07/2006	-	Active	NO
21	U72200DL2005PTC136406	JUBILANT SOFTWARE SERVICES PRIVATE LIMITED	Director	23/07/2007	18/08/2006	3/09/2010	Active	NO
22	U70109DL2006PTC152224	SMRIDHI REALTECH PRIVATE LIMITED	Director	19/08/2006	19/08/2006	-	Active	NO
23	U70109DL2006PTC152223	ASSOTECH MOONSHINE URBAN DEVELOPERS PRIVATE LIMITED	Director	24/09/2011	19/08/2006	19/01/2012	Active	NO

Name :

Mr. Ajay Mangal

Designation :

Whole-time director

Address :

A-22, Anand Vihar, Delhi – 110092, India

Date of Birth/Age :

24.04.1964

Date of Appointment :

26.12.2006

DIN No.:

00043069

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	U74899DL1995PTC073620	MANGALMAY HOLDINGS PRIVATE LIMITED	Director	8/11/1995	8/11/1995	-	Active	NO
2	U74899DL1991PTC044270	UPPAL HOTELS PRIVATE LIMITED	Director	1/01/2002	1/01/2002	-	Active	NO
3	U74899DL1982PTC013376	SARANSH DEVELOPERS PRIVATE LIMITED	Director	13/08/2003	13/08/2003	-	Active	NO
4	U45201DL2004PTC131529	UP TOWNSHIP PRIVATE LIMITED	Director	22/12/2004	22/12/2004	-	Active	NO
5	U70100DL2005PTC133531	MANGALMAY HOMES PRIVATE LIMITED	Director	2/03/2005	2/03/2005	-	Active	NO
6	U74899DL1991PTC043273	CRYSTAL CITY DEVELOPERS PRIVATE LIMITED	Director	10/07/2006	10/07/2006	18/12/2006	Active	NO
7	U74899DL1991PTC043274	UPPAL HOUSING PRIVATE LIMITED	Whole-time director	1/02/2009	26/12/2006	-	Active	NO
8	U74899DL1989PTC036619	UPPAL HOSPITALITY PRIVATE LIMITED	Director	29/09/2007	2/07/2007	-	Active	NO
9	U45400DL2007PTC163104	PROSPERITY REALTECH PRIVATE LIMITED	Director	16/09/2008	13/08/2007	-	Active	NO
10	U45400DL2007PTC163099	NIWAS REALTECH PRIVATE LIMITED	Director	29/07/2008	17/08/2007	27/08/2008	Active	NO
11	U45400DL2007PTC163097	AGRIM REALTECH PRIVATE LIMITED	Director	29/07/2008	17/08/2007	27/08/2008	Active	NO
12	U45400DL2007PTC163065	GROWTH REALTECH PRIVATE LIMITED	Director	9/09/2008	17/08/2007	-	Active	NO
13	U70109DL2006PTC152223	ASSOTECH MOONSHINE URBAN DEVELOPERS PRIVATE LIMITED	Director	29/07/2008	20/10/2007	25/01/2009	Active	NO
14	U45200DL2006PTC153066	PRAGATI BUILDWELL PRIVATE LIMITED	Director	29/07/2008	20/10/2007	26/10/2009	Active	NO
15	U70109DL2006PTC152538	MOUNTVIEW REALTECH PRIVATE LIMITED	Director	8/09/2008	20/10/2007	-	Active	NO
16	U45400DL2007PTC163070	UMANG REALTECH PRIVATE LIMITED	Director	8/12/2007	8/12/2007	8/03/2010	Active	NO
17	U70109DL2006PTC149302	MOVERS HOUSING AND LAND DEVELOPERS PRIVATE LIMITED	Director	30/09/2008	20/03/2008	15/10/2009	Active	NO
18	U45400DL2008PTC174271	IDEAL KNOWLEDGE PARK PRIVATE LIMITED	Director	10/09/2008	12/05/2008	28/06/2011	Active	NO
19	U70101DL2006PTC148988	TRIPLEX HOUSING AND LAND DEVELOPMENTS PRIVATE LIMITED	Director	29/09/2009	4/10/2008	-	Active	NO
20	U70109CH2006PTC032159	LOK PRIYA BUILDWELL PRIVATE LIMITED	Additional director	4/10/2008	4/10/2008	3/07/2009	Active	NO
21	U45400DL2007PTC163061	SHAKTI REALTECH PRIVATE LIMITED	Director	2/09/2009	18/10/2008	-	Active	NO
22	U74899DL1984PTC017472	PUJAS SHILPKALA PRIVATE LIMITED	Director	29/09/2009	18/10/2008	-	Active	NO
23	U45300DL2008PTC175912	UMANG NOIDA SEZ PRIVATE LIMITED	Director	30/09/2009	4/11/2008	-	Active	NO
24	U45200DL2008PTC175911	UMANG CO-DEVELOPERS PRIVATE LIMITED	Director	30/09/2009	4/11/2008	-	Active	NO
25	U45201DL2005PTC138745	LUXOR CYBER CITY PRIVATE LIMITED	Director	22/09/2009	30/12/2008	-	Active	NO
26	U45201DL2003PTC122414	SMART HOUSING PRIVATE LIMITED	Director	24/09/2010	20/02/2010	-	Active	NO
27	U45400DL2010PTC208619	MANGALMAY CONSTRUCTIONS PRIVATE LIMITED	Director	22/09/2010	22/09/2010	-	Active	NO

KEY EXECUTIVES

Name :	Anny Jain
Designation :	Secretary
Address :	A-207, Duggal Housing Complex School Road, Khanpur, New Delhi – 110062, India
Date of Birth/Age :	20.10.1985
Date of Appointment :	18.02.2011
PAN No.:	ALBPJ7915K

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2011

Names of Shareholders		No. of Shares
B.K Uppal		5317507
Veena Uppal		1481283
Manish Uppal		4026033
Roopali Uppal		617823
Manish Uppal HUF		331675
B K Uppal (HUF)		778497
Tamanna Uppal		50432
Uppal Sons Holdings Private Limited		9656733
Narinder Bhasin		53000
Total		22312983

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2011

Category	Percentage
Bodies corporate	43.28
Directors or relatives of Directors	56.48
Other top fifty shareholders	0.24
Total	100.00

BUSINESS DETAILS

Line of Business :

The company is in the business of development, Sale, Advisory and other real estate development related activities.

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

· Punjab and Sind Bank

· Yes Bank

· Axis Bank

· Canara Bank

· Central Bank of India

· Kotak Mahindra Bank Limited

Facilities :

Secured Loan	As on 31.03.2011 (Rs. in Millions)	As on 31.03.2010 (Rs. in Millions)
Rupee term loans banks secured	966.950	1362.876
Rupee term loans financial institutions secured	838.000	0.000
Working capital loans banks secured	969.697	1035.795
Total	2774.647	2398.671

Notes:

(A) Punjab and Sind Bank Rs.78.000 Millions Axis Bank Rs.455.000 Millions Kotak Mahindra Bank 433.950 Millions

(B) 1. Punjab and Sind Bank Rs.122.876 Millions 2. Punjab and Sind Bank Rs.300.000 Millions 3. Axis Bank Rs.450.000 Millions 4. Kotak Mahindra Bank Limited Rs.490.000 Millions

Unsecured Loan	As on 31.03.2011 (Rs. in Millions)	As on 31.03.2010 (Rs. in Millions)
Rupee term loans others unsecured	2220.312	1304.100
Loans directors unsecured	1335.501	2262.456
Total	3555.813	3566.556

Financial Institution :	Housing Development Finance Corporation Limited, Ramon House, 169 Backbay Reclamation, H T Parekh Marg, Mumbai – 400020, Maharashtra, India


Banking Relations :	--

Auditors :
Name :	Sanjay Satpal and Associates Chartered Accountants
Address :	F-11, Green Park Extension, New Delhi - 110016
PAN.:	AAHFS7870F

Subsidiaries :	· Growth Realtech Private Limited CIN No.: U45400DL2007PTC163065 · Mountview Realtech Private Limited CIN No.: U70109DL2006PTC152538 · Sarv – Mangal Relatech Private Limited CIN No.: U45400DL2007PTC163060 · Triplex Housing and Land Developments Private Limited CIN No.: U70101DL2006PTC148988 · Uppal Hospitality Private Limited CIN No.: U74899DL1989PTC036619 Umang Co-Developers Private Limited CIN No.: U45200DL2008PTC175911 Umang Noida SEZ Private Limited CIN No.: U45300DL2008PTC175912 · Moonshine Urban Developers Private Limited CIN No.: U70109DL2006PTC152223 · Sumedha Buildcon Private Limited CIN No.: U45400DL2008PTC176943 · Saumya Realtech Private Limited CIN No.: U70200DL2008PTC175282 · Sunshine Buildestate Private Limited CIN No.: U45400DL2008PTC175280 · Shakti Realtech Private Limited CIN No.: U45400DL2007PTC163061

Joint Venture :	· India Colonizer Private Limited CIN No.: U45201DL2003PTC123494 · Prosperous Estate Private Limited CIN No.: U45202DL2001PTC112449 · Uppal QVC Realtech Private Limited CIN No.: U45400DL2007PTC162088 · Spark Town Planners Private Limited CIN No.: U45101DL2006PTC148866 · U.P. Township Private Limited CIN No.: U45201DL2004PTC131529 · Umang Realtech Private Limited CIN No.: U45400DL2007PTC163070 · Progressive Buildestate Private Limited CIN No.: U45400DL2008PTC175239

Other Entities under control of the key management personal :	· Uppal Sons Holding Private Limited CIN No.: U65993DL2004PTC126507 · Uppal Hotels Private Limited CIN No.: U74899DL1991PTC044270 · Saransh Developers Private Limited CIN No.: U74899DL1982PTC013376 · Pujas Shilpkala Private Limited CIN No.: U74899DL1984PTC017472 · Key Stone Real Estates and Land Developers Private Limited CIN No.: U70109DL2006PTC149305 · Smridhi Realtech Private Limited CIN No.: U70109DL2006PTC152224 · Uppal Projects Private Limited CIN No.: U70109DL2006PTC154035 · Prosperity Realtech Private Limited CIN No.: U45400DL2007PTC163104 · Jan Priya Buildestate Private Limited CIN No.: U45400DL2008PTC175281 · Uppal Info and Bio technologies Private Limited CIN No.: U74999DL2004PTC131590 · Hawks Town Planners Private Limited CIN No.: U70109DL2006PTC149303 · Luxor Cyber City Private Limited CIN No.: U45201DL2005PTC138745 · Palvanjali Education Private Limited CIN No.: U80904DL2009PTC188414 · Madhur Buildwell Private Limited CIN No.: U74120DL2008PTC175645

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
50320000	Equity Shares	Rs.10/- each	Rs.503.200Millions
16000	Equity Shares	Rs.100/- each	Rs.1.600 Millions
40000	4% Participating Preference Shares	Rs.10/- each	Rs.0.400 Million
	TOTAL		Rs.505.200 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
22312983	Equity Shares	Rs.10/- each	Rs.223.130 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		223.130	221.130	221.130
2] Share Application Money		0.000	0.000	468.150
3] Reserves & Surplus		3152.936	3121.336	3600.657
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		3376.066	3342.466	4289.937
LOAN FUNDS
1] Secured Loans		2774.647	2398.671	2359.866
2] Unsecured Loans		3555.813	3566.556	2939.634
TOTAL BORROWING		6330.460	5965.227	5299.500
DEFERRED TAX LIABILITIES		0.000	0.000	0.000

TOTAL		9706.526	9307.693	9589.437

APPLICATION OF FUNDS

FIXED ASSETS [Net Block]		94.007	83.802	201.686
Capital work-in-progress		0.000	0.000	0.000

INVESTMENT		3919.022	4035.046	3981.861
DEFERREX TAX ASSETS		248.139	250.790	5.580

CURRENT ASSETS, LOANS & ADVANCES
	Inventories	7745.327	8821.882	8861.096
	Sundry Debtors	916.561	1379.097	1574.925
	Cash & Bank Balances	138.992	192.822	187.360
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	2363.818	1263.535	1731.613
Total Current Assets		11164.698	11657.336	12354.994
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	26.635	50.407	98.204
	Other Current Liabilities	5684.202	6668.389	6839.378
	Provisions	8.503	0.485	17.102
Total Current Liabilities		5719.340	6719.281	6954.684
Net Current Assets		5445.358	4938.055	5400.310

MISCELLANEOUS EXPENSES		0.000	0.000	0.000

TOTAL		9706.526	9307.693	9589.437

PROFIT & LOSS ACCOUNT

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
SALES
	Income	3100.000	1756.200	1581.500
	Other Income
	TOTAL	3100.000	1756.200	1581.500

EXPENSES
	Office Expenses
	Administrative Expenses	3042.400	2466.100	1542.200
	Advertising Expenses
	TOTAL	3042.400	2466.100	1542.200

PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		57.600	(709.900)	39.300

DEPRECIATION/ AMORTISATION		21.100	14.700	18.600

PROFIT BEFORE TAX		36.500	(724.500)	393.300

TAX		11.200	245.200	204.200

PROFIT AFTER TAX		25.400	(479.300)	233.100

IMPORTS
	CIF Value of Imports	24.199	9.726	NA
TOTAL IMPORTS		24.199	9.726	NA

Earnings Per Share (Rs.)		1.15	(21.68)	NA

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	0.82	27.29	14.74

Return on Total Assets (PBT/Total Assets}	(%)	0.32	6.17	3.13

Return on Investment (ROI) (PBT/Networth)		0.01	0.22	0.09

Debt Equity Ratio (Total Liability/Networth)		3.57	3.79	2.86

Current Ratio (Current Asset/Current Liability)		1.95	1.73	1.77

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	--
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	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

Nature of Operations

Subject (formerly, Uppal Housing Limited) a company registered under Indian Companies Act 1956, incorporated as on 27th Feb 1991 is a Flagship company of “The Uppal Group” promoted by Mr. B.K. Uppal. The company is primarily engaged in the business of promotion, construction, development and sale of Integrated Township, Residential and Commercial Multistoried Building, Flats, Shopping Malls, IT Parks, SEZs, Luxury apartment etc.

Bankers Charges Report as per Registry

Corporate identity number of the company	U74899DL1991PTC043274
Name of the company	UPPAL HOUSING PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	5^th Floor, South Tower, NBCC Place, Pragati Vihar, Lodhi Road, New Delhi – 110003, India Email : info@uppal.co.in
This form is for	Modification of charge
Charge identification (ID) number of the charge to be modified	10264769
Type of charge	Immovable property Sale Proceeds/Receivables
Particular of charge holder	Housing Development Finance Corporation Limited, Ramon House, 169 Backbay Reclamation, H T Parekh Marg, Mumbai – 400020, Maharashtra, India Email : investorcare@hdfc.com
Nature of instrument creating charge	No due certificate from HDFC dated 29.11.2011
Date of instrument Creating the charge	29.11.2011
Amount secured by the charge	Rs.120.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest As per agreement Terms of Repayment As per agreement Margin Nil Extent and Operation of the charge First Equitable Mortgage of the property No. N 240, Greater Kailash -1, New Delhi with construction thereon both present and future
Short particulars of the property or asset(s) charged (including complete address and location of the property)	First Equitable Mortgage of the property no. N 240, Greater Kailash -1, New Delhi with construction thereon both present and future First Equitable Mortgage of the property no. N 240, Greater Kailash -1, New Delhi with construction thereon both present and future Personal Guarantee of Mr. B.K. Uppal and Mr. Manish Uppal
Particulars of the present modification	Release of charge on Property No. a) 57, Paschimi Marg, Vasant Vihar, New Delhi and b) N-20, Panchsheel Park, New Delhi. The overall charge limit has been reduced to Rs.120.000 Millions

Contingent Liabilities not provided for (As on 31.03.2011):

· Bank Guarantees Rs.28.291 Millions

· Letter of Credit Nil

FIXED ASSETS

· Building

· Computers

· Vehicles

· Furniture and Fixtures

· Office Equipments

· Software

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.51.20
UK Pound	1	Rs.81.50
Euro	1	Rs.67.15

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	5
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		45

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

7745.327

916.561

138.992

0.000

2363.818

11164.698

26.635

5684.202

8.503

5719.340

5445.358

0.82

0.32

0.01

3.57

1.95

Unit