MIRA INFORM REPORT

Report Date :

26.04.2012

IDENTIFICATION DETAILS

Name :	NEW ERA BUILD-WELL PRIVATE LIMITED
Registered Office :	G-23, Phase – I, Ashok Vihar, New Delhi – 110052
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	03.07.1992
Com. Reg. No.:	55-049412
Capital Investment / Paid-up Capital :	Rs.18.545 Millions
CIN No.: [Company Identification No.]	U74899DL1992PTC049412
TAN No.: [Tax Deduction & Collection Account No.]	DELN09995G DELN04609D
PAN No.: [Permanent Account No.]	AACCN2229F
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Construction materials.
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 140000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track. Profitability of the company appears to be low. However, trade relations are reported as fair. Business is active. Payments are reported to be slow but correct. The company can be considered for business dealings with some caution.

NOTES :

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

ECGC Country Risk Classification List – 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 :	G-23, Phase – I, Ashok Vihar, New Delhi – 110052, India
Tel. No.:	91-11-26831458
Fax No.:	91-11-26831458
E-Mail :	aac_firm@yahoo.in
Head Office :	407, Mohan Bhawan, 152 Sarai Jullena, Near Escord Hospital, New Delhi – 110025, India

DIRECTORS

As on 28.09.2011

Name :

Mr. Suraj Prakash Goyal

Designation :

Director

Address :

G-23, Ashok Vihar, Phase – I, Delhi – 110052, India

Date of Birth/Age :

28.01.1936

Date of Appointment :

23.08.2005

DIN No.:

00072221

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	U70101DL2005PTC139514	ORNAMENTAL REALTORS PRIVATE LIMITED	Director	10/08/2005	10/08/2005	20/10/2007	Active	NO
2	U74899DL1992PTC049412	NEW ERA BUILD-WELL PRIVATE LIMITED	Director	23/08/2005	23/08/2005	-	Active	NO
3	U74899DL1993PTC053626	UPERCON TRADELINKS PRIVATE LIMITED	Director	4/12/2006	4/12/2006	-	Active	NO
4	U74899DL1989PTC038328	INDIAN FINE BEAUTY CARE PRIVATE LIMITED	Additional director	8/12/2006	8/12/2006	-	Active	NO
5	U70101DL2007PTC157474	INCEPTION REALTY PRIVATE LIMITED	Director	5/01/2007	5/01/2007	23/10/2007	Active	NO
6	U45200TN2007PTC065398	DAWN REALTORS PRIVATE LIMITED	Director	5/01/2007	5/01/2007	25/12/2007	Active	YES
7	U55101DL2004PTC124885	LAJALAS HOTELS PRIVATE LIMITED	Director	10/02/2009	10/02/2009	-	Active	NO

Name :

Mr. Rama Goyal

Designation :

Director

Address :

G-23, Ashok Vihar, Phase – I, Delhi – 110052, India

Date of Birth/Age :

04.04.1943

Date of Appointment :

12.01.2009

DIN No.:

00093472

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	U70101DL2005PTC139514	ORNAMENTAL REALTORS PRIVATE LIMITED	Director	24/10/2006	27/08/2005	20/10/2007	Active	NO
2	U70101DL2007PTC157474	INCEPTION REALTY PRIVATE LIMITED	Director	5/01/2007	5/01/2007	23/10/2007	Active	NO
3	U45200TN2007PTC065398	DAWN REALTORS PRIVATE LIMITED	Director	5/01/2007	5/01/2007	25/12/2007	Active	YES
4	U74899DL1993PTC053626	UPERCON TRADELINKS PRIVATE LIMITED	Director	3/12/2007	3/12/2007	-	Active	NO
5	U74899DL1992PTC049412	NEW ERA BUILD-WELL PRIVATE LIMITED	Director	12/01/2009	12/01/2009	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

NOT AVAILABLE

Equity Share Break up (Percentage of Total Equity)

As on 28.09.2011

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Construction materials.

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

HDFC Bank

Facilities :

Secured Loan	As on 31.03.2011 (Rs. in Millions)	As on 31.03.2010 (Rs. in Millions)
Car Loan HDFC (CRV)	0.000	0.053
Total	0.000	0.053
Unsecured Loan	As on 31.03.2011 (Rs. in Millions)	As on 31.03.2010 (Rs. in Millions)
Spiendor Landbase Limited	38.000	38.000
Unnati Mercantile Private Limited	0.000	0.350
Upercon Trade Links Private Limited	0.000	9.693
Suryavanshi Associates Private Limited	30.000	30.000
Total	68.000	78.043

Banking Relations :	--
Auditors :
Name :	Anil Ammita and Company Chartered Accountants
Address :	206, Gupta Tower, Commercial Complex, Azadpur, Delhi – 110033, India
Tel. No.:	91-11-45075752
E-Mail :	aac_firm@yahoo.in
PAN.:	AATFA4332N

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
190000	Equity Shares	Rs.100/- each	Rs.19.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
185451	Equity Shares	Rs.100/- each	Rs.18.545 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		18.545	18.545	18.545
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		15.393	12.900	14.493
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		33.938	31.445	33.038
LOAN FUNDS
1] Secured Loans		0.000	0.053	0.476
2] Unsecured Loans		68.000	78.043	78.047
TOTAL BORROWING		68.000	78.096	78.523
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		101.938	109.541	111.561
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		12.686	12.861	13.082
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		57.839	55.693	66.609
DEFERREX TAX ASSETS		0.372	0.377	0.394
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000	0.000	0.000
	Sundry Debtors	0.000	0.000	0.000
	Cash & Bank Balances	19.596	20.518	1.491
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	12.292	20.647	30.550
Total Current Assets		31.888	41.165	32.041
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors
	Other Current Liabilities	0.330	0.181	0.191
	Provisions	0.517	0.374	0.374
Total Current Liabilities		0.847	0.555	0.565
Net Current Assets		31.041	40.610	31.476
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		101.938	109.541	111.561

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	0.000	0.000	0.000
		Other Income	3.890	0.679	1.112
		TOTAL	3.890	0.679	1.112
Less	EXPENSES
		Office Expenses	0.560	2.034	6.759
		Administrative Expenses
		Advertising Expenses
		Financial Expenses
		TOTAL	0.560	2.034	6.759
	PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		3.330	(1.355)	(5.647)
Less/ Add	DEPRECIATION/ AMORTISATION		0.224	0.221	0.221
	PROFIT/ (LOSS) BEFORE TAX		3.106	(1.576)	(5.868)
Less	TAX		0.522	0.018	0.041
	PROFIT/ (LOSS) AFTER TAX		2.584	(1.594)	(5.909)
	Earnings/ (Loss) Per Share (Rs.)		13.45	--	--

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	66.42	234.75	531.38
Net Profit Margin (PBT/Sales)	(%)	0.00	0.00	0.00
Return on Total Assets (PBT/Total Assets}	(%)	6.97	2.91	13.00
Return on Investment (ROI) (PBT/Networth)		0.09	0.05	0.18
Debt Equity Ratio (Total Liability/Networth)		2.03	2.50	2.39
Current Ratio (Current Asset/Current Liability)		37.65	74.17	56.71

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 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	--
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	No

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.52.49
UK Pound	1	Rs.84.66
Euro	1	Rs.69.25

INFORMATION DETAILS

Report Prepared by :

CTI

SCORE & RATING EXPLANATIONS

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