MIRA INFORM REPORT

Report Date :

24.02.2012

IDENTIFICATION DETAILS

Name :	LOGIX INFRATECH PRIVATE LIMITED

Registered Office :	85, Ground Floor, World Trade Centre, Barakhamba Lane, New Delhi – 110 001

Country :	India

Financials (as on) :	31.03.2011

Date of Incorporation :	13.05.2010

Com. Reg. No.:	55-202613

Capital Investment / Paid-up Capital :	Rs.77.618 millions

CIN No.: [Company Identification No.]	U70101DL2010PTC202613

TAN No.: [Tax Deduction & Collection Account No.]	DELL04534F

PAN No.: [Permanent Account No.]	AABCL8158J

Legal Form :	Private Limited Liability Company

Line of Business :	Real Estate Developers

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (26)

RATING

STATUS

PROPOSED CREDIT LINE

26-40

Capability to overcome financial difficulties seems comparatively below average.

Small

Maximum Credit Limit :	USD 1221000

Status :	New Company

Payment Behaviour :	Unknown

Litigation :	Clear

Comments :	Subject is a relatively new company and yet to establish itself gradually. Business is active. Payments are unknown. The company can be considered for business dealings with dome 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

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

LOCATIONS

Registered Office :	85, Ground Floor, World Trade Centre, Barakhamba Lane, New Delhi – 110 001, India
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	cs@logixgroup.in
Website :	http://www.logixgroup.in

Corporate Office :	A-4 and 5, Sector-16, Noida, Uttar Pradesh, India
Tel. No.:	91-120-4366000
Fax No.:	91-120-4366098

Site Address :	GH-01, Sector-143, Noida, Uttar Pradesh, India

DIRECTORS

As on 19.09.2011

Name :

Mr. Shakti Nath

Designation :

Director

Address :

34, Friends Colony, East Mathura Road, New Delhi – 110 065, India

Date of Birth/Age :

16.04.1957

Date of Appointment :

13.05.2010

DIN No.:

00017090

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	U74899DL1994PTC057770	Sayvik Overseas Private Limited	Director	20-02-96	20-02-96	09-02-07	Active	NO
2	U72900DL2001PTC112109	IT Infrastructure Park Private Limited	Director	22-08-01	22-08-01	-	Active	NO
3	U72200DL2001PTC112193	ISP Technologies Private Limited	Director	27-08-01	27-08-01	-	Active	NO
4	U72200DL2001PTC112408	IT E-Park Private Limited	Director	13-09-01	13-09-01	-	Active	NO
5	U72200DL2002PTC114401	IT Enfraservices Private Limited	Managing director	28-02-08	27-02-02	-	Active	NO
6	U74899DL1993PTC053328	Noida Cyberpark Private Limited	Director	08-08-05	08-08-05	-	Active	NO
7	U74899DL1994PTC058487	Akshay Vanijya and Finance Private Limited	Director	13-01-06	13-01-06	31-03-10	Active	NO
8	U99999DL2001PTC166343	Logix Soft-Tel Private Limited	Managing director	19-01-06	19-01-06	-	Active	NO
9	U72901DL2006PTC148343	Logix Infraservices Private Limited	Director	31-05-06	31-05-06	-	Active	NO
10	U72400DL2006PTC149601	Logix Infosoft Private Limited	Director	09-06-06	09-06-06	31-01-08	Active	YES
11	U74899DL1990PTC042122	Unibros Manufacturing Company Private Limited	Director	16-01-07	16-01-07	-	Active	NO
12	U72200DL2006PTC146948	Vipul IT Infrasoft Private Limited	Director	30-09-08	24-09-07	-	Active	NO
13	U72300DL2008PTC172710	Logix Technopark Private Limited	Director	16-01-08	16-01-08	-	Active	NO
14	U72200DL2008PTC172835	Logix Infrastructure Private Limited	Director	17-01-08	17-01-08	-	Active	NO
15	U65921DL1995PTC211193	Tek Hire Purchase and Leasing Private Limited	Director	29-01-08	29-01-08	30-01-08	Active	NO
16	U72400DL2008PTC174215	VC Infosoft Private Limited	Director	19-02-08	19-02-08	19-06-08	Active	NO
17	U65929DL2008PTC179113	Logix Finance and Investment Private Limited	Director	05-06-08	05-06-08	-	Active	NO
18	U72200DL2007PTC168990	Pasco Software I Park Private Limited	Managing director	07-07-08	18-06-08	20-02-10	Active	NO
19	U99999DL1980PTC010979	O K Hosiery Mills Private Limited	Director	31-07-09	15-01-09	12-11-10	Active	NO
20	U45201DL2006PTC146142	Gold Mine Infrastructure Private Limited	Director	20-10-09	20-10-09	10-06-10	Active	NO
21	U70109DL2010PTC199969	Logix Realtors Private Limited	Director	11-03-10	11-03-10	-	Active	NO
22	U70200DL2010PTC200042	Logix Buildtech Private Limited	Director	12-03-10	12-03-10	-	Active	NO
23	U70101DL2010PTC202613	Logix Infratech Private Limited	Director	13-05-10	13-05-10	-	Active	NO
24	U70101DL2010PTC202749	Logix Estates Private Limited	Director	17-05-10	17-05-10	-	Active	NO
25	U70200DL2010PTC205410	Logix Realtech Private Limited	Director	07-07-10	07-07-10	-	Active	NO
26	U70100DL2010PTC205486	Logix Builders Private Limited	Director	08-07-10	08-07-10	-	Active	NO
27	U70200DL2010PTC205848	Logix Buildcon Private Limited	Director	14-07-10	14-07-10	-	Active	NO
28	U70101DL2010PTC207640	Logix Developers Private Limited	Director	27-08-10	27-08-10	-	Active	NO
29	U70101DL2010PTC207632	Logix Infracon Private Limited	Director	27-08-10	27-08-10	-	Active	NO
30	U70102DL2010PTC208483	VC Infracon Private Limited	Director	20-09-10	20-09-10	02-05-11	Active	NO
31	U70200DL2010PTC211806	Logix Infrastructure Projects Private Limited	Director	28-12-10	28-12-10	-	Active	NO
32	U70101DL2011PTC212296	Logix Realcon Private Limited	Director	06-01-11	06-01-11	-	Active	NO
33	U70100DL2011PTC212360	Logix Infrabuild Private Limited	Director	07-01-11	07-01-11	-	Active	NO
34	U70100DL2011PTC212465	Logix Colonisers Private Limited	Director	11-01-11	11-01-11	-	Active	NO
35	U70100DL2011PTC214420	Logix Infraestate Private Limited	Director	19-02-11	19-02-11	-	Active	NO
36	U70100DL2011PTC214418	Logix Buildestate Private Limited	Director	19-02-11	19-02-11	-	Active	NO
37	U70200DL2011PTC215193	Logix Buildwell Private Limited	Director	04-03-11	04-03-11	-	Active	NO
38	U70101DL2011PTC215320	Logix City Developers Private Limited	Director	07-03-11	07-03-11	-	Active	NO
39	U70109DL2011PTC215314	Logix Builders and Promoters Private Limited	Director	07-03-11	07-03-11	-	Active	NO
40	U70109DL2011PTC215283	Logix Developers and Infrastructure Private Limited	Director	07-03-11	07-03-11	-	Active	NO
41	U70101DL2011PTC215280	Logix Realty Developers Private Limited	Director	07-03-11	07-03-11	-	Active	NO
42	U70200DL2011PTC215284	Logix Infra Developers Private Limited	Director	07-03-11	07-03-11	-	Active	NO
43	U70109DL2011PTC216006	Paradise Infraestate Private Limited	Director	17-03-11	17-03-11	-	Active	NO
44	U70109DL2011PTC216003	Parth Infraestate Private Limited	Director	17-03-11	17-03-11	-	Active	NO
45	U70101DL2011PTC216122	Logix Heights Private Limited	Director	18-03-11	18-03-11	-	Active	NO
46	U70109DL2011PTC216090	Logix Commercial Projects Private Limited	Director	18-03-11	18-03-11	-	Active	NO
47	U70101DL2011PTC216185	Palms Buildtech Private Limited	Director	21-03-11	21-03-11	-	Active	NO

Name :

Ms. Meena Nath

Designation :

Director

Address :

34, Friends Colony, East Mathura Road, New Delhi – 110 065, India

Date of Birth/Age :

24.02.1957

Date of Appointment :

13.05.2010

DIN No.:

00017033

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	U74899DL1994PTC057770	Sayvik Overseas Private Limited	Director	20-02-96	20-02-96	21-01-08	Active	NO
2	U72200DL2002PTC114401	IT Enfraservices Private Limited	Director	24-01-04	24-01-04	-	Active	NO
3	U99999DL2001PTC166343	Logix Soft-Tel Private Limited	Director	02-12-05	02-12-05	-	Active	NO
4	U74899DL1994PTC058487	Akshay Vanijya and Finance Private Limited	Director	13-01-06	13-01-06	31-03-10	Active	NO
5	U72200DL2001PTC112193	ISP Technologies Private Limited	Director	30-03-06	30-03-06	-	Active	NO
6	U72900DL2001PTC112109	IT Infrastructure Park Private Limited	Director	31-03-06	31-03-06	-	Active	NO
7	U74899DL1993PTC053328	Noida Cyberpark Private Limited	Director	24-05-06	24-05-06	-	Active	NO
8	U72901DL2006PTC148343	Logix Infraservices Private Limited	Director	31-05-06	31-05-06	-	Active	NO
9	U72400DL2006PTC149601	Logix Infosoft Private Limited	Director	07-12-06	07-12-06	31-01-08	Active	YES
10	U74899DL1990PTC042122	Unibros Manufacturing Company Private Limited	Director	16-01-07	16-01-07	-	Active	NO
11	U72200DL2006PTC146948	Vipul IT Infrasoft Private Limited	Director	30-09-08	01-12-07	-	Active	NO
12	U72300DL2008PTC172710	Logix Technopark Private Limited	Director	16-01-08	16-01-08	-	Active	NO
13	U72200DL2008PTC172835	Logix Infrastructure Private Limited	Director	17-01-08	17-01-08	-	Active	NO
14	U65921DL1995PTC211193	Tek Hire Purchase and Leasing Private Limited	Director	29-01-08	29-01-08	30-01-08	Active	NO
15	U72400DL2008PTC174215	VC Infosoft Private Limited	Director	19-02-08	19-02-08	19-06-08	Active	NO
16	U65929DL2008PTC179113	Logix Finance and Investment Private Limited	Director	05-06-08	05-06-08	-	Active	NO
17	U45201DL2006PTC146142	Gold Mine Infrastructure Private Limited	Director	20-10-09	20-10-09	01-12-09	Active	NO
18	U70109DL2010PTC199969	Logix Realtors Private Limited	Director	11-03-10	11-03-10	-	Active	NO
19	U70200DL2010PTC200042	Logix Buildtech Private Limited	Director	12-03-10	12-03-10	-	Active	NO
20	U70101DL2010PTC202613	Logix Infratech Private Limited	Director	13-05-10	13-05-10	-	Active	NO
21	U70101DL2010PTC202749	Logix Estates Private Limited	Director	17-05-10	17-05-10	-	Active	NO
22	U70200DL2010PTC205410	Logix Realtech Private Limited	Director	07-07-10	07-07-10	-	Active	NO
23	U70100DL2010PTC205486	Logix Builders Private Limited	Director	08-07-10	08-07-10	-	Active	NO
24	U70200DL2010PTC205848	Logix Buildcon Private Limited	Director	14-07-10	14-07-10	-	Active	NO
25	U70101DL2010PTC207640	Logix Developers Private Limited	Director	27-08-10	27-08-10	-	Active	NO
26	U70101DL2010PTC207632	Logix Infracon Private Limited	Director	27-08-10	27-08-10	-	Active	NO
27	U70102DL2010PTC208483	VC Infracon Private Limited	Director	20-09-10	20-09-10	02-05-11	Active	NO
28	U70200DL2010PTC211806	Logix Infrastructure Projects Private Limited	Director	28-12-10	28-12-10	-	Active	NO
29	U70101DL2011PTC212296	Logix Realcon Private Limited	Director	06-01-11	06-01-11	-	Active	NO
30	U70100DL2011PTC212360	Logix Infrabuild Private Limited	Director	07-01-11	07-01-11	-	Active	NO
31	U70100DL2011PTC212465	Logix Colonisers Private Limited	Director	11-01-11	11-01-11	-	Active	NO
32	U70100DL2011PTC214420	Logix Infraestate Private Limited	Director	19-02-11	19-02-11	-	Active	NO
33	U70100DL2011PTC214418	Logix Buildestate Private Limited	Director	19-02-11	19-02-11	-	Active	NO
34	U70200DL2011PTC215193	Logix Buildwell Private Limited	Director	04-03-11	04-03-11	-	Active	NO
35	U70109DL2011PTC215314	Logix Builders and Promoters Private Limited	Director	07-03-11	07-03-11	-	Active	NO
36	U70109DL2011PTC215283	Logix Developers and Infrastructure Private Limited	Director	07-03-11	07-03-11	-	Active	NO
37	U70101DL2011PTC215280	Logix Realty Developers Private Limited	Director	07-03-11	07-03-11	-	Active	NO
38	U70200DL2011PTC215284	Logix Infra Developers Private Limited	Director	07-03-11	07-03-11	-	Active	NO
39	U70101DL2011PTC215320	Logix City Developers Private Limited	Director	07-03-11	07-03-11	-	Active	NO
40	U70109DL2011PTC216006	Paradise Infraestate Private Limited	Director	17-03-11	17-03-11	-	Active	NO
41	U70109DL2011PTC216003	Parth Infraestate Private Limited	Director	17-03-11	17-03-11	-	Active	NO
42	U70101DL2011PTC216122	Logix Heights Private Limited	Director	18-03-11	18-03-11	-	Active	NO
43	U70109DL2011PTC216090	Logix Commercial Projects Private Limited	Director	18-03-11	18-03-11	-	Active	NO
44	U70101DL2011PTC216185	Palms Buildtech Private Limited	Director	21-03-11	21-03-11	-	Active	NO

Name :

Mr. Vikram Nath

Designation :

Director

Address :

D-922, New Friends Colony, New Delhi – 110 065, India

Date of Birth/Age :

25.12.1980

Date of Appointment :

10.06.2010

DIN No.:

00074754

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	U72900DL2001PTC109112	VC Solutions Private Limited	Director	20-10-03	20-10-03	03-03-11	Active	NO
2	U72200DL2002PTC114401	IT Enfraservices Private Limited	Director	24-01-04	24-01-04	29-01-08	Active	NO
3	U99999DL2001PTC166343	Logix Soft-Tel Private Limited	Director	02-12-05	02-12-05	-	Active	NO
4	U45201DL1999PTC099629	Pavitra Dham Constructions Private Limited	Director	27-03-06	27-03-06	01-04-09	Active	YES
5	U99999DL1980PTC010979	O K Hosiery Mills Private Limited	Director	30-08-06	30-08-06	12-11-10	Active	NO
6	U74899DL1994PTC058487	Akshay Vanijya and Finance Private Limited	Director	01-09-06	01-09-06	31-03-10	Active	NO
7	U72400DL2006PTC149601	Logix Infosoft Private Limited	Director	15-09-06	15-09-06	31-01-08	Active	YES
8	U72300DL2004PTC128024	Vansh Computers Private Limited	Director	16-12-06	16-12-06	-	Active	NO
9	U74140DL2007PTC157441	Legend IT Solutions Private Limited	Director	11-01-07	11-01-07	-	Active	NO
10	U72400DL2008PTC174215	VC Infosoft Private Limited	Director	31-10-08	12-06-08	-	Active	NO
11	U72200DL2008PTC172835	Logix Infrastructure Private Limited	Director	30-01-10	30-01-10	-	Active	NO
12	U70101DL2010PTC202613	Logix Infratech Private Limited	Director	19-09-11	10-06-10	-	Active	NO
13	U70101DL2010PTC202749	Logix Estates Private Limited	Director	20-09-11	10-06-10	-	Active	NO
14	U72200DL2001PTC112193	ISP Technologies Private Limited	Director	16-08-10	16-08-10	-	Active	NO
15	U72901DL2006PTC148343	Logix Infraservices Private Limited.	Director	18-08-10	18-08-10	-	Active	NO
16	U65929DL2008PTC179113	Logix Finance and Investment Private Limited	Director	20-08-10	20-08-10	-	Active	NO
17	U72300DL2008PTC172710	Logix Technopark Private Limited	Director	21-08-10	21-08-10	-	Active	NO
18	U70200DL2010PTC205848	Logix Buildcon Private Limited	Director	03-09-11	25-08-10	-	Active	NO
19	U70101DL2010PTC207632	Logix Infracon Private Limited	Director	18-08-11	28-08-10	-	Active	NO
20	U70101DL2010PTC207640	Logix Developers Private Limited	Additional director	28-09-11	28-08-10	-	Active	NO
21	U70200DL2010PTC205410	Logix Realtech Private Limited	Director	29-09-11	30-08-10	-	Active	NO
22	U70200DL2010PTC200042	Logix Buildtech Private Limited	Director	14-09-11	31-08-10	-	Active	NO
23	U70109DL2010PTC199969	Logix Realtors Private Limited	Director	16-09-11	01-09-10	-	Active	NO
24	U70100DL2010PTC205486	Logix Builders Private Limited	Director	17-09-11	04-09-10	-	Active	NO
25	U74899DL1990PTC042122	Unibros Manufacturing Company Private Limited	Director	16-09-10	16-09-10	-	Active	NO
26	U72200DL2006PTC146948	Vipul IT Infrasoft Private Limited	Director	27-09-10	27-09-10	-	Active	NO
27	U72200DL2006PTC146425	AR Compusoft Private Limited	Director	15-02-11	15-02-11	02-05-11	Active	NO
28	U70109DL2011PTC215314	Logix Builders and Promoters Private Limited	Director	14-03-11	14-03-11	-	Active	NO
29	U70200DL2011PTC215284	Logix Infra Developers Private Limited	Director	14-03-11	14-03-11	-	Active	NO
30	U70200DL2011PTC215193	Logix Buildwell Private Limited	Director	14-03-11	14-03-11	-	Active	NO
31	U70101DL2011PTC215280	Logix Realty Developers Private Limited	Director	21-03-11	21-03-11	-	Active	NO
32	U70101DL2011PTC215320	Logix City Developers Private Limited	Director	21-03-11	21-03-11	-	Active	NO
33	U70102DL2010PTC208483	VC Infracon Private Limited	Additional director	21-03-11	21-03-11	02-05-11	Active	NO
34	U70200DL2010PTC211806	Logix Infrastructure Projects Private Limited	Director	15-06-11	15-06-11	-	Active	NO
35	U70101DL2011PTC212296	Logix Realcon Private Limited	Director	20-06-11	20-06-11	-	Active	NO
36	U70101DL2011PTC216122	Logix Heights Private Limited	Director	20-06-11	20-06-11	-	Active	NO
37	U70100DL2011PTC212360	Logix Infrabuild Private Limited	Director	20-06-11	20-06-11	-	Active	NO
38	U70100DL2011PTC214420	Logix Infraestate Private Limited	Director	25-06-11	25-06-11	-	Active	NO
39	U70109DL2011PTC216003	Parth Infraestate Private Limited	Director	30-06-11	30-06-11	-	Active	NO
40	U70109DL2011PTC216090	Logix Commercial Projects Private Limited	Director	01-07-11	01-07-11	-	Active	NO
41	U70101DL2011PTC216185	Palms Buildtech Private Limited	Director	05-07-11	05-07-11	-	Active	NO
42	U70109DL2011PTC215283	Logix Developers and Infrastructure Private Limited	Director	08-07-11	08-07-11	-	Active	NO
43	U70100DL2011PTC212465	Logix Colonisers Private Limited	Director	15-07-11	15-07-11	-	Active	NO
44	U70100DL2011PTC214418	Logix Buildestate Private Limited	Director	01-08-11	01-08-11	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Karan Bhatia
Designation :	Secretary
Address :	WG-249, Islamabad, Near Fish Market, Jalandhar – 144 001, Punjab, India
Date of Birth/Age :	01.07.1988
Date of Appointment :	01.08.2011
PAN No.:	ARRPD5167F

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 19.09.2011

Names of Shareholders (Equity Shares)		No. of Shares
Logix Soft-Tel Private Limited, India		34888441
V.C. Solutions Private Limited, India		22548597
ICICI Opportunity Real Estate Fund, Mauritius		11731082
ICICI Prudential AMC Limited, India		20180581
Total		89348701

As on 19.09.2011

Names of Shareholders (Preference Shares)

No. of Shares

India Opportunity Real Estate Fund, Mauritius

282357813

Total

282357813

As on 19.09.2011

Equity Share Breakup		Percentage of Holding
Category
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others]		13.13
Bodies corporate		86.87
Total		100.00

BUSINESS DETAILS

Line of Business :	Real Estate Developers

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

Canara Bank, Prime Corporate Branch - II, Barakhamba Lane, New Delhi – 110 001, India

Facilities :

Secured Loans	31.03.2011 Rs. In Millions
Debentures secured
Fully convertible debentures secured [4,050,082 Debentures of face value of Rs.100/- each. (Issued to ICICI Prudential AMC Limited)]	405.008
Total	405.008

Unsecured Loans

31.03.2011

Rs. In Millions

Other debt unsecured

9.000

Total

9.000


Banking Relations :	--

Auditors :
Name :	Saxena Singhal and Vaid Chartered Accountants
Address :	1589, Madarsa Road, Kashmere Gate, Delhi – 110 006, India
PAN No.:	AASFS6756R

Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives :	VC Solutions Private Limited, India (CIN No.: U72900DL2001PTC109112)

CAPITAL STRUCTURE

As on 19.09.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
494356901	Equity Shares	Re.1/- each	Rs.494.357 millions
282357813	Preference Shares	Re.1/- each	Rs.282.358 millions
	Total		Rs.776.715 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
89348701	Equity Shares	Re.1/- each	Rs.89.349 millions
282357813	Preference Shares	Re.1/- each	Rs.282.358 millions
	Total		Rs.371.707 millions

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
776714714	Equity Shares	Re.1/- each	Rs.776.715 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
77617619	Equity Shares	Re.1/- each	Rs.77.618 millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011
SHAREHOLDERS FUNDS
1] Share Capital		77.618
2] Share Application Money		0.000
3] Reserves & Surplus		227.662
4] (Accumulated Losses)		0.000
NETWORTH		305.280
LOAN FUNDS
1] Secured Loans		405.008
2] Unsecured Loans		9.000
TOTAL BORROWING		414.008

Other Liabilities (Includes Defferred Long Term Liability Noida Authority)		2146.047
DEFERRED TAX LIABILITIES		0.000

TOTAL		2865.335

APPLICATION OF FUNDS

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

INVESTMENT		0.000
DEFERRED TAX ASSETS		0.012

CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000
	Sundry Debtors	0.000
	Cash & Bank Balances	19.959
	Other Current Assets	2983.726
	Loans & Advances	622.327
Total Current Assets		3626.012
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	49.664
	Other Current Liabilities	715.083
	Provisions	0.341
Total Current Liabilities		765.088
Net Current Assets		2860.924

MISCELLANEOUS EXPENSES		4.399

TOTAL		2865.335

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2011

	PROFIT BEFORE TAX	0.336

	TAX	0.012

	PROFIT AFTER TAX	0.180

Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD	--

	BALANCE CARRIED TO THE B/S	0.180

	Earnings Per Share (Rs.)
	- Basic	0.0023
	- Diluted	0.0004

KEY RATIOS

PARTICULARS		31.03.2011
Return on Total Assets (PBT/Total Assets}	(%)	0.01

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

Debt Equity Ratio (Total Liability/Networth)		3.86

Current Ratio (Current Asset/Current Liability)		4.74

LOCAL AGENCY FURTHER INFORMATION

PERFORMANCE REVIEW:

During the period, the Company was incorporated on 13^th May, 2010 and Accounts have been prepared from the date of incorporation to 31^st March, 2011. The Company has incurred Profit of Rs.0.180 million. The Directors are continuously looking for avenues for future growth of the Company.

SHARE CAPITAL:

During the year, the company has sub-divided the equity shares of the face value of Rs.10 each into One Equity shares of the face value of Rs.10 each into 10 equity Share of Re.1/- each.

During the year, the Company has increased its Authorised Share Capital from Rs.0.100 million divided into 10,000 Equity Shares of Rs.10 each/- to Rs.776.715 millions divided into 494,356,901 Equity Shares of Re.1/- each and 28,23,57,813 Preference Shares of Re.1/- each .

During the year, the Company has increased its Paid up Capital from Rs.0.100 million to Rs.371.707 millions divided into 8,93,48,701 Equity Shares of Re.1/- each and 28,23,57,813 Preference Shares of Re.1/- each.

SUBSIDIARY COMPANY:

During the year, the Company has become subsidiary company of Logix Soft tel Private Limited. which hold 45% equity shares along with its subsidiaries VC Solutions Private Limited which hold 29% equity Shares and which hold 100% of Equity Shares of the Company.

FORM 8:

Corporate identity number of the company	U70101DL2010PTC202613
Name of the company	LOGIX INFRATECH PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	85, Ground Floor, World Trade Centre, Barakhamba Lane, New Delhi – 110 001, India E-Mail: cs@logixgroup.in
This form is for	Creation of charge
Type of charge	Immovable Property Book Debts Movable Property (not being pledge) Floating Charge Others (Escrow Account and Receivables)
Particular of charge holder	Canara Bank, Prime Corporate Branch - II, Barakhamba Lane, New Delhi – 110 001, India E-Mail: crmgrcb1942@canarabank.com
Nature of description of the instrument creating or modifying the charge	Common hypothecation agreement, term loan agreement and letter evidencing deposit of title deeds.
Date of instrument Creating the charge	20.06.2011
Amount secured by the charge	Rs.760.000 millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest: 5% p.a. above ongoing base rate compounded monthly (presently 15.25% p.a.) or at such other rates as may be specified by the bank from time to time. Terms of Repayment: Repayable in 4 quarterly installments of Rs.190.000 millions each due on 31.12.2012, 31.03.2013, 30.06.2013 and 30.09.2013. Interest to be served as and when due. Margin: As per agreement Extent and Operation of the charge: 100% Others: The above is to secure term loan of Rs.760.000 millions.
Short particulars of the property charged	Second charge by way of EMT On Group Housing Project land admeasuring 25 acres situated at Plot No.GH-01, Sector-143, Noida with super structures to be constructed thereon. Lien on Escrow Account and charge on receivables.

WEBSITE DETAILS:

Company Profile

Subject is a Special Purpose Vehicle (SPV) incorporated with the purpose of developing an affordable group housing admeasuring 25 acres in the Sector-143, Noida, Uttar Pradesh. The SPV is a part of the Logix Group which has constructed built up area (BUA) of more than 4 million sq.ft in the past. The group is promoted by Mr. Shakti Nath who is also the Managing Director in subject. The group housing project has been named “Blossom Greens” and the land for the said project has been purchased from the Noida Authority. The shareholders in the SPV are majorly Logix group companies apart from ICICI Prudential AMC Limited which is the FDI partner in the project. The Floor Area Ratio (FAR) approved from the group housing is 275% which will result in ~41 lakh sq.ft of built up area (including basement area) and ~37 lakh sq.ft of saleable area.

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 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.49.25
UK Pound	1	Rs.77.19
Euro	1	Rs.65.29

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
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	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		26

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

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