MIRA INFORM REPORT

Report Date :

05.07.2012

IDENTIFICATION DETAILS

Name :	JAMPANA CONSTRUCTION PRIVATE LIMITED
Registered Office :	No.23, (Old No. 230), Opposite Union Bank of India, 5^th Main, Hebbal, Ganganagar Layout, Bangalore – 560032, Karnataka
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	19.09.2003
Com. Reg. No.:	08 032610
Capital Investment / Paid-up Capital :	Rs.19.645 Millions
CIN No.: [Company Identification No.]	U07010KA2003PTC032610
Legal Form :	Private Limited Liability Company
Line of Business :	Construction Activities
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (48)

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

Maximum Credit Limit :	USD 960000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track. Trade relations are reported to be fair. Business is active. Payment are reported to be usually correct and as per commitment. The company can be considered for normal business dealing 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	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 :	No.23, (Old No. 230), Opposite Union Bank of India, 5^th Main, Hebbal, Ganganagar Layout, Bangalore – 560032, India
Tel. No.:	91-80-23338801/23338802/23338803/23338804
Fax No.:	91-80-2333137123332242
E-Mail :	jcplho@jampanacpl.com
Website :
Site Company :	C/o KHB-Project, Opposite Shrike Apartment, Valagere Halli, Kengeri – 560060, Bangalore, India

DIRECTORS

As on 30.09.2011

Name :

Mr. Rama Raju

Designation :

Director

Address :

# 759, 7^th A Cross, Sector A, Yelahanka, New Town, Bangalore-560064, Karnataka, India

Date of Birth/Age :

15.07.1969

Date of Appointment :

19.09.2003

DIN No.:

01158196

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U07010KA2003PTC032610	JAMPANA CONSTRUCTION PRIVATE LIMITED	Director	19/09/2003	19/09/2003	-	Active	NO
2	U45200AP1997PTC027547	VARMA INFRASTRUCTURES PRIVATE LIMITED	Director	29/09/2007	10/01/2007	-	Active	NO
3	U70102AP2002PTC039242	THRILEKYA REAL ESTATES PRIVATE LIMITED	Director	29/09/2007	10/01/2007	-	Active	NO
4	U70102AP2002PTC039244	NANDYALA REAL ESTATES PRIVATE LIMITED	Director	29/09/2007	10/01/2007	-	Active	NO
5	U45200AP2007PTC052709	JIC HOMES PRIVATE LIMITED	Director	12/02/2007	12/02/2007	-	Active	NO
6	U45200AP2007PTC052745	VERA AVENUES PRIVATE LIMITED	Director	13/02/2007	13/02/2007	-	Active	NO
7	U45200AP2007PLC052759	PATNITOP ROPEWAY AND RESORTS LIMITED	Director	13/02/2007	13/02/2007	-	Active	NO
8	U45200AP2007PTC052808	VSN PROPERTY DEVELOPERS PRIVATE LIMITED	Director	17/02/2007	17/02/2007	-	Active	NO
9	U45200AP2007PTC052807	SRI RAGA NIVAS PROPERTY DEVELOPERS PRIVATE LIMITED	Director	17/02/2007	17/02/2007	-	Active	NO
10	U45200AP2007PTC053137	MALLELAVANAM PROPERTY DEVELOPERS PRIVATE LIMITED	Director	15/03/2007	15/03/2007	-	Active	NO
11	U45200AP2007PTC053484	NJC AVENUES PRIVATE LIMITED	Director	09/04/2007	09/04/2007	18/01/2008	Active	NO
12	U45200AP2005PLC048375	NCC URBAN INFRASTRUCTURE LIMITED	Whole-time director	01/04/2012	16/05/2007	-	Active	NO
13	U55101KA2010PTC052601	K S S HOTELS AND RESORTS PRIVATE LIMITED	Director	19/02/2010	19/02/2010	-	Active	NO
14	U45400AP2007PTC053720	TELLAPUR TECHNOCITY PRIVATE LIMITED	Alternate director	20/12/2010	20/12/2010	-	Active	NO
15	U55101AP2011PTC076528	NAGARJUNA SUITES PRIVATE LIMITED	Director	14/09/2011	14/09/2011	-	Active	NO

Name :

Mr. Srinivasa Raju

Designation :

Director

Address :

# 437, HIG, 9^th A- Cross, Sector –A, Yelahanka New Town, Bangalore-560064, Karnataka, India

Date of Birth/Age :

09.08.1967

Qualification:

Diploma in Civil

Experience:

24 Year

Date of Appointment :

31.01.2005

DIN No.:

01216095

Name :

Mr. J Venugopala Krishnam Raju

Designation :

Director

Address :

# 437, HIG, 9^th A- Cross, Sector –A, Yelahanka New Town, Bangalore-560064, Karnataka, India

Date of Birth/Age :

01.07.1968

Date of Appointment :

24.03.2005

DIN No.:

01215952

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U07010KA2003PTC032610	JAMPANA CONSTRUCTION PRIVATE LIMITED	Director	24/03/2005	24/03/2005	-	Active	NO
2	U40104KA2011PTC061387	JAMPANA POWER PROJECTS PRIVATE LIMITED	Director	28/11/2011	28/11/2011	-	Active	NO
3	U45200KA2012PTC063914	JAMPANA DEVELOPERS PRIVATE LIMITED	Director	09/05/2012	09/05/2012	-	Active	NO

Name :

Mr. J Krishna Chaitanya Varma

Designation :

Whole time Director

Address :

No. 11, HIG A Sector, Yelahanka New Town, Bangalore – 560064, Karnataka, India

Date of Birth/Age :

14.09.1983

Date of Appointment :

30.03.2009

DIN No.:

02660672

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U07010KA2003PTC032610	JAMPANA CONSTRUCTION PRIVATE LIMITED	Director	30/09/2009	30/03/2009	-	Active	NO
2	U55101KA2010PTC052601	K S S HOTELS AND RESORTS PRIVATE LIMITED	Director	19/02/2010	19/02/2010	-	Active	NO
3	U55101AP2011PTC075736	GREEN FLOWERS HOTELS AND RESORTS PRIVATE LIMITED	Director	29/07/2011	29/07/2011	-	Active	NO
4	U40104KA2011PTC061387	JAMPANA POWER PROJECTS PRIVATE LIMITED	Director	28/11/2011	28/11/2011	-	Active	NO
5	U45200KA2012PTC063914	JAMPANA DEVELOPERS PRIVATE LIMITED	Director	09/05/2012	09/05/2012	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2011

Names of Shareholders	No. of Shares
J Krishna Chaitanya Varma	730000
C Prem Chandar Reddy	20500
J Sri Rama Raju	11000
J Rama Raju	60000
M V G K Raju	40000
J Srinivasa Raju	170000
J Venugopala Krishnam Raju	187500
J Aruna	16500
J V Ranga Raju	110000
J Sridevi	310000
J Srilakshmi Prathima	132500
J Satya Narayana Raju	23000
J Sudha	6500
P Viswanda Raju	5000
J Sowjanya	110000
J Padma	32000
Total	1964500

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2011

Category	Percentage
Directors or relatives of Directors	96.67
Other top fifty shareholders	3.33
Total	100.00

BUSINESS DETAILS

Line of Business :

Construction Activities

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

· Corporation Bank, SC Road Branch, No.71/1, Floor, Brigade Plaza, Near Anand Rao Circle, Subedar Chatram Road, Bangalore – 560009, Karnataka, India

· State Bank of India, Specialised Commercial Branch, Krishi Bhavan, First Floor, Hudson Circle, Bangalore – 560001, Karnataka, India

Facilities :

(Rs. in Millions)

Secured Loan	As on 31.03.2011	As on 31.03.2010
Rupee term loans banks secured	12.669	10.192
Working capital loans banks secured	88.028	46.911
Total	100.697	57.103
Unsecured Loan	As on 31.03.2011	As on 31.03.2010
Rupee term loans banks unsecured	2.492	9.785
Rupee term loans financial institutions unsecured	15.590	14.539
Working capital loans banks unsecured	70.940	48.298
Loans directors unsecured	3.079	2.251
Deposits related parties unsecured	8.670	0.000
Total	100.771	74.873

Banking Relations :	--
Auditors :
Name :	Venkat Malli and Associates Chartered Accountants
Address :	1-509, Divya Shakthi Apartments, 7-1-58, Ameerpet, Hyderabad-500016, Andhra Pradesh, India
PAN.:	AACPY2672C
Associates :	Shri Aruna Construction (Private) Limited
Firms:	· Jayshree Constriction · R R Construction · Sri Chaithanya Constructions

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
2000000	Equity Shares	Rs.10/- each	Rs.20.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1964500	Equity Shares	Rs.10/- each	Rs.19.645 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		19.645	9.645	9.645
2] Share Application Money		0.000	7.900	0.900
3] Reserves & Surplus		221.184	166.407	116.342
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		240.829	183.952	126.887
LOAN FUNDS
1] Secured Loans		100.697	57.103	66.828
2] Unsecured Loans		100.771	74.873	107.259
TOTAL BORROWING		201.468	131.976	174.087
DEFERRED TAX LIABILITIES		2.424	2.537	2.260
TOTAL		444.721	318.465	303.234
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		125.042	120.126	119.487
Capital work-in-progress		61.447	18.957	0.000
INVESTMENT		86.197	85.697	85.697
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	166.406	197.580	196.896
	Sundry Debtors	109.023	39.933	42.780
	Cash & Bank Balances	67.654	25.094	3.370
	Other Current Assets	97.960	101.735	0.000
	Loans & Advances	131.512	92.060	193.197
Total Current Assets		572.555	456.402	436.243
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	291.922	236.000	95.808
	Other Current Liabilities	72.052	95.289	223.487
	Provisions	36.632	31.536	19.028
Total Current Liabilities		400.606	362.825	338.323
Net Current Assets		171.949	93.577	97.920
MISCELLANEOUS EXPENSES		0.086	0.108	0.130
TOTAL		444.721	318.465	303.234

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	1428.719	1382.839	1028.087
		Other Income	NA	1.254	1.443
		TOTAL	NA	1384.093	1029.530
Less	EXPENSES
		Office Expenses
		Administrative Expenses
		Advertising Expenses
		TOTAL	NA	1294.752	964.752
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		97.576	89.341	64.778
Less/ Add	DEPRECIATION/ AMORTISATION		15.188	13.098	10.465
	PROFIT BEFORE TAX		82.388	76.243	54.313
Less	TAX		27.612	26.177	19.612
	PROFIT AFTER TAX		54.776	50.066	34.701
	Earnings Per Share (Rs.)		27.88	51.91	35.98

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	NA	3.62	3.37
Net Profit Margin (PBT/Sales)	(%)	5.77	5.51	5.28
Return on Total Assets (PBT/Total Assets}	(%)	14.39	16.71	12.45
Return on Investment (ROI) (PBT/Networth)		0.34	0.41	0.43
Debt Equity Ratio (Total Liability/Networth)		2.50	2.69	4.04
Current Ratio (Current Asset/Current Liability)		1.43	1.26	1.29

LOCAL AGENCY FURTHER INFORMATION

Check List by Info Agents	Available in Report (Yes / No)
1) Year of Establishment	Yes
2) Locality of the firm	Yes
3) Constitutions of the firm	Yes
4) Premises details	No
5) Type of Business	Yes
6) Line of Business•	Yes
7) Promoter’s background	Yes
8) No. of employees	No
9) Name of person contacted	No
10) Designation of contact person	No
11) Turnover of firm for last three years	Yes
12) Profitability for last three years	Yes
13) Reasons for variation <> 20%	--
14) Estimation for coming financial year	No
15) Capital in the business	Yes
16) Details of sister concerns	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

Note: Registered office of the company has been shifted from No. 389/1, First Floor, Judges Colony, R.T Nagar, Bangalore-560032, Karntaka, India to the present address w.e.f.18.10.2010

Contingent liabilities (As on 31.03.2011)

Bank Guarantees: Rs.395.500 Millions

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	U07010KA2003PTC032610
Name of the company	JAMPANA CONSTRUCTION PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	No.23, (Old No. 230), Opposite Union Bank of India, 5^th Main, Hebbal, Ganganagar Layout, Bangalore – 560032, India Email: jcplho@jampanacpl.com
This form is for	Creation of charge
Type of charge	Movable property (not being pledge)
Particular of charge holder	Corporation Bank, SC Road Branch, No.71/1, Floor, Brigade Plaza, Near Anand Rao Circle, Subedar Chatram Road, Bangalore – 560009, Karnataka, India Email: cb144@corpbank.co.in
Nature of instrument creating charge	Agreement of Hypothecation of vehicles
Date of instrument Creating the charge	07.04.2012
Amount secured by the charge	Rs.1.594 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest 11.5% p.a. being 0.85% over and above the Base Rate subject to revision Terms of Repayment In month installments of Rs.0.075 Million on or before 7th of each month, the first of such installment of Rs.0.075 Million to be paid on 7.5.2012 Margin As per bank norms Extent and Operation of the charge The charge shall operate to the extent of the loan amount plus interest commission costs expenses and other charges thereon
Short particulars of the property or asset(s) charged (including complete address and location of the property)	Hypothecation of (a) Nissan Sunny XV Car bearing Regn. No.KA04 MK 5994 and Mahindra Bolerat car (New) to be acquired out of bank finance

Fixed Assets:

· Construction Accessories

· Computer and Accessories

· Furniture and Fixtures

· Plant and Machinery

· Vehicles

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.54.55
UK Pound	1	Rs.85.47
Euro	1	Rs.68.70

INFORMATION DETAILS

Report Prepared by :

KVT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	5
--RESERVES	1~10	6
--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		48

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.