BUSINESS INFORMATION REPORT

1. Summary Information

		Country	INDIA
Company Name	CIRUS SOLAR SYSTEMS PRIVATE LIMITED	Principal Name 1	MR. SRINIVASA BALAJI
Status	NEW COMPANY	Principal Name 2	MR. JAMMULA VISHNUVARDHAN REDDY
		Registration #	01-069192
Street Address	1009, INDU FORTUNE FIELDS, 13^TH PHASE, KPHB COLONY, KUKATPALLY, HYDERABAD – 500 072, ANDHRA PRADESH
Established Date	29.06.2010	SIC Code	--
Telephone#	91-40-44780000/ 44780409	Business Style 1	PROVIDING TURNKEY SOLUTIONS FOR SOLAR POWER PROJECTS
Fax #	91-40-44780224	Business Style 2	--
Homepage	http://www.cirussolar.com	Product Name 1	--
# of employees	INFORMATION DECLINED BY THE MANAGEMENT	Product Name 2	--
Paid up capital	RS.100,000/-	Product Name 3	--
Shareholders	NOT AVAILABLE	Banking
Public Limited Corp.	NO	Business Period	1 YEAR
IPO	NO	International Ins.	--
Public Enterprise	NO	Rating	Ca
Related Company
Relation	Country	Company Name	CEO
--	--	--	--
Note	--

2. Summary Financial Statement

Balance Sheet as of	31.03.2011		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	NA	Current Liabilities	NA
Inventories	NA	Long-term Liabilities	NA
Fixed Assets	NA	Other Liabilities	NA
Deferred Assets	NA	Total Liabilities	NA
Invest& other Assets	NA	Retained Earnings	NA
		Net Worth	NA
Total Assets	NA	Total Liab. & Equity	NA
Total Assets (Previous Year)	--
P/L Statement as of	31.03.2011		(Unit: Indian Rs.)
Sales	NA	Net Profit	NA
Sales(Previous yr)	--	Net Profit(Prev.yr)	--

MIRA INFORM REPORT

Report Date :

24.01.2012

IDENTIFICATION DETAILS

Name :	CIRUS SOLAR SYSTEMS PRIVATE LIMITED
Registered Office :	1009, Indu Fortune Fields, 13^th Phase, KPHB Colony, Kukatpally, Hyderabad – 500 072, Andhra Pradesh
Country :	India
Date of Incorporation :	29.06.2010
Com. Reg. No.:	01-069192
Capital Investment / Paid-up Capital :	Rs.0.100 million
CIN No.: [Company Identification No.]	U74900AP2010PTC069192
TAN No.: [Tax Deduction & Collection Account No.]	HYDC04658D
Legal Form :	Private Limited Liability Company
Line of Business :	Providing turnkey solutions for Solar Power Projects.
No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

Ca

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	New Company
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is a new company and yet to establish itself gradually. Mr. V. Apparao, Chief Financial Officer denied to disclose any information about the company. He wants to know the name of original inquirer. However, business is active. Payments are unknown. 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

INFORMATION DECLINED BY

Name :	Mr. V. Apparao
Designation :	Chief Financial Officer
Contact No.:	91-9676000045
Date :	23.01.2012

LOCATIONS

Registered Office :	1009, Indu Fortune Fields, 13^th Phase, KPHB Colony, Kukatpally, Hyderabad – 500 072, Andhra Pradesh, India
Tel. No.:	91-40-44780000/ 44780409
Mobile No.:	91-9676000045 (Mr. V. Appa Rao)
Fax No.:	91-40-44780224
E-Mail :	swathi.t@induprojects.com aarti.gupta@induprojects.com enquiry@cirussolar.com
Website :	http://www.cirussolar.com

DIRECTORS

Name :

Mr. Srinivasa Balaji

Designation :

Director

Address :

8-2-603/L/11, Road No.10, Banjara Hills, Hyderabad - 500 034, Andhra Pradesh, India

Date of Birth/Age :

16.06.1958

Date of Appointment :

29.06.2010

DIN No.:

02111433

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	U80301KA2008PTC045764	Lepakshi Knowledge Hub Private Limited	Managing director	01-04-11	26-03-08	-	Active	NO
2	U01121KA2008PTC045562	GreenPort Corporation Private Limited	Managing director	06-04-08	06-04-08	-	Active	NO
3	U45400AP2007PTC055629	Sundari Theme Ventures Private Limited	Director	19-09-08	20-04-08	-	Active	NO
4	U70100KA2008PTC046256	Fortunis Investments (India) Private Limited	Director	30-04-08	30-04-08	-	Active	NO
5	U70102KA2008PTC046339	Fortunis Ventures (India) Private Limited	Director	07-05-08	07-05-08	-	Active	NO
6	U01210KA2008PTC046453	Alps Livestock Ventures Private Limited	Director	20-05-08	20-05-08	-	Active	NO
7	U85100AP2008PTC058264	Quality Care Health Services India Private Limited	Director	30-09-09	20-06-08	-	Active	NO
8	U85110AP2001PTC038186	Quality Care Health City Private Limited	Additional director	20-06-08	20-06-08	-	Under Process of Striking off	NO
9	U85191KA2008PTC048005	Fortunis Healthcare (India) Private Limited	Director	14-10-08	14-10-08	-	Active	NO
10	U74900AP2008PTC061942	Simhapuri Airport Development Company Private Limited	Director	25-11-08	25-11-08	-	Active	NO
11	U74900AP2010PTC066621	Lepakshi Ayush Park Private Limited	Director	08-01-10	08-01-10	-	Active	NO
12	U74900AP2010PTC067385	Fortunis Agro Parks Private Limited	Director	05-03-10	05-03-10	-	Active	NO
13	U35301KA2010PTC052947	Lepakshi Aerospace and Defence Cluster Private limited	Director	23-03-10	23-03-10	-	Active	NO
14	U85100KA2010PTC053295	Lepakshi Heritage Wellness Village Private limited	Director	20-04-10	20-04-10	-	Active	NO
15	U01111KA2010PTC053294	GreenPort Agro Food Park Private Limited	Director	20-04-10	20-04-10	-	Active	NO
16	U74900AP2010PTC069192	Cirus Solar Systems Private Limited	Director	29-06-10	29-06-10	-	Active	NO
17	U17291KA2010PTC055800	Lepakshi Integrated Textile park Private Limited	Director	09-11-10	09-11-10	-	Active	NO
18	U74900KA2010PTC055791	Lepakshi Integrated Fashion City Private Limited	Director	09-11-10	09-11-10	-	Active	NO
19	U01403KA2011PTC059113	FRT Agri Farms Private Limited	Director	13-06-11	13-06-11	17-08-11	Active	NO
20	U74999KA2011PTC061463	Lepakshi Science and Technology Park Private Limited	Director	02-12-11	02-12-11	-	Active	NO

Name :

Mr. Jammula Vishnuvardhan Reddy

Designation :

Director

Address :

8-2-293/82/A/333, Road No.25, Jubli Hills, Hyderabad – 500 033, Andhra Pradesh, India

Date of Birth/Age :

14.07.1953

Date of Appointment :

29.06.2010

DIN No.:

02404260

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	U40106AP2006PTC049854	Solar Semiconductor Private Limited	Whole-time director	30-09-09	24-10-08	09-06-10	Active	NO
2	U74900AP2010PTC069192	Cirus Solar Systems Private Limited	Director	29-06-10	29-06-10	-	Active	NO

Name :

Mr. Rajendran Balakrishnan

Designation :

Additional Director

Address :

207, Solitaire Banjara Apartments, Krishnapuram, Road No.10, Banjara Hills, Hyderabad – 500 034, Andhra Pradesh, India

Date of Birth/Age :

05.02.1952

Date of Appointment :

16.08.2010

DIN No.:

03323202

Name :

Basani Mahender Reddy

Designation :

Additional Director

Address :

302, Sterling Eleganza, Street No.5, West Marredpally, Secunderabad – 500 026, Andhra Pradesh, India

Date of Birth/Age :

10.10.1971

Date of Appointment :

16.08.2010

DIN No.:

01769834

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U45200AP2006PTC049848	Indu Eastern Province Projects Private Limited	Director	25-05-07	25-05-07	Active	NO
2	U80301KA2008PTC045764	Lepakshi Knowledge Hub Private Limited	Director	25-11-08	25-11-08	Active	NO
3	U45200AP2006PTC049849	Indu Royal Homes Private Limited	Director	10-01-09	10-01-09	Active	NO
4	U01121KA2008PTC045562	GreenPort Corporation Private Limited	Director	24-06-09	24-06-09	Active	NO
5	U85191KA2008PTC048005	Fortunis Healthcare (India) Private Limited	Director	24-06-09	24-06-09	Active	NO
6	U74900AP2010PTC069192	Cirus Solar Systems Private Limited	Additional director	16-08-10	16-08-10	Active	NO
7	U70102KA2008PTC046339	Fortunis Ventures (India) Private Limited	Director	15-03-11	15-03-11	Active	NO
8	U70100KA2008PTC046256	Fortunis Investments (India) Private Limited	Additional director	15-03-11	15-03-11	Active	NO
9	U85100KA2010PTC053295	Lepakshi Heritage Wellness Village Private limited	Additional director	25-03-11	25-03-11	Active	NO
10	U35301KA2010PTC052947	Lepakshi Aerospace and Defence Cluster Private limited	Additional director	25-03-11	25-03-11	Active	NO
11	U45200AP2001PLC038175	Indu Projects Limited	Whole-time director	01-08-11	01-08-11	Active	NO
12	U74900KA2010PTC055791	Lepakshi Integrated Fashion City Private Limited	Additional director	22-08-11	22-08-11	Active	NO
13	U17291KA2010PTC055800	Lepakshi Integrated Textile park Private Limited	Additional director	22-08-11	22-08-11	Active	NO
14	U74900AP2010PTC066621	Lepakshi AYUSH Park Private Limited	Additional director	22-08-11	22-08-11	Active	NO
15	U40106AP2008PTC059160	Stellar Energy Technologies Private Limited	Additional director	20-09-11	20-09-11	Active	NO
16	U74999AP2010PTC071796	Pile Tech (India) Private Limited	Additional director	20-09-11	20-09-11	Active	NO
17	U26900AP2008PTC058444	Indu Mineral Exploration (India) Private Limited	Additional director	20-09-11	20-09-11	Active	NO
18	U01403AP2008PTC057515	Indu Genome Valley Private Limited	Additional director	20-09-11	20-09-11	Active	NO
19	U45200AP2005PTC048203	Ipl Infra Services Private Limited	Additional director	20-09-11	20-09-11	Active	NO
20	U01210KA2008PTC046453	Alps Livestock Ventures Private Limited	Additional director	20-09-11	20-09-11	Active	NO
21	U40108AP2008PTC057690	Asara Energy Ventures Private Limited	Additional director	20-09-11	20-09-11	Active	NO
22	U45201AP2001PTC037743	Astitva Realtors Private Limited	Additional director	02-11-11	02-11-11	Active	NO
23	U45200AP2002PTC039678	Sindhura Properties Private Limited	Additional director	02-11-11	02-11-11	Active	NO
24	U74999KA2011PTC061463	Lepakshi Science and Technology Park Private Limited	Director	02-12-11	02-12-11	Active	NO

Name :

Sindhura indukuri

Designation :

Additional Director

Address :

Plot No 973/A Road No.49, Jubilee Hills, Hyderabad – 500 033, Andhra Pradesh, India

Date of Birth/Age :

24.01.1985

Date of Appointment :

16.08.2010

DIN No.:

01672683

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U01110AP1997PTC027734	Ahika Farms Private Limited	Director	04-10-05	04-10-05	Active	NO
2	U74900AP2010PTC069192	Cirus Solar Systems Private Limited	Additional director	16-08-10	16-08-10	Active	NO
3	U70102AP2008PTC061022	Radar Infra-Projects Private Limited	Additional director	15-04-11	15-04-11	Active	NO
4	U74999AP2011PTC075801	Manthan Dredging India Private Limited	Director	04-08-11	04-08-11	Active	NO
5	U45203AP2011PTC076665	Ybrant Infraservices Private Limited	Director	22-09-11	22-09-11	Active	NO
6	U45200AP2002PTC039678	Sindhura Properties Private Limited	Additional director	24-09-11	24-09-11	Active	NO
7	U45200AP2004PTC044949	Murthy 4 You Infra Services Private Limited	Additional director	21-12-11	21-12-11	Active	NO
8	U72200AP2002PTC039719	SPR Info Media Private Limited	Additional director	22-12-11	22-12-11	Active	YES

KEY EXECUTIVES

Name :	Mr. V. Apparao
Designation :	Chief Financial Officer
E-Mail :	apparao.v@induprojects.com

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 23.06.2010

Names of Shareholders	No. of Shares
Srinivasa Balaji	9900
J. Vishnuvardhan Reddy	100
Total	10000

BUSINESS DETAILS

Line of Business :

Providing turnkey solutions for Solar Power Projects.

GENERAL INFORMATION

No. of Employees :	Information declined by the management
Bankers :	Not Available

Banking Relations :	--
Auditors :	Not Available

CAPITAL STRUCTURE

Authorised Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Rs.10/- each	Rs.0.100 million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Rs.10/- each	Rs.0.100 million

FINANCIAL DATA

[all figures are in Rupees Millions]

NEW COMPANY

LOCAL AGENCY FURTHER INFORMATION

WEBSITE DETAILS:

PROFILE:

Subject, an EPC firm based in Hyderabad, provides turnkey solutions for Solar Power Projects. In partnership with global leaders having rich experience in Solar industry, subject addresses both the off-grid and utility scale projects worldwide. The core team at subject is very well experienced in the Solar PV industry and has handled various projects of different magnitude.

Subject has the backing of strong corporate support from Indu Projects which has its own expertise in setting up conventional Power Projects and Infrastructure Developments combined with a very solid balance sheet. The unique expertise of Indu Projects in optimized power systems design, its loyal equipment vendor base and the execution capability in distributed networks give subject the edge over its competition.

It is the main objective of subject to provide cost effective, optimum, customized solar solutions with its global experience and technology partnerships.

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.50.24
UK Pound	1	Rs.78.13
Euro	1	Rs.64.79

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.