MIRA INFORM REPORT

Report Date :

29.06.2012

IDENTIFICATION DETAILS

Name :	SAMAIKYA EDUCATIONS PRIVATE LIMITED
Registered Office :	Survey No.300/A, Sai Krishnaja Hills, Bachupally, Hyderabad – 500 072, Andhra Pradesh
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	23.06.1999
Com. Reg. No.:	01-031960
Capital Investment / Paid-up Capital :	Rs.40.000 millions
CIN No.: [Company Identification No.]	U80301AP1999PTC031960
TAN No.: [Tax Deduction & Collection Account No.]	HYDS14316B
PAN No.: [Permanent Account No.]	AAECS8027J
Legal Form :	Private Limited Liability Company
Line of Business :	Educational Institution
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (36)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 289000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track. 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 :	Survey No.300/A, Sai Krishnaja Hills, Bachupally, Hyderabad – 500 072, Andhra Pradesh, India
Tel. No.:	91-40-23046464, 23042966, 64575998
Fax No.:	Not Available
E-Mail :	padmaja271@rediffmail.com info.vikasconceptschool@gmail.com

DIRECTORS

As on 30.09.2011

Name :

Mr. Surapaneni Koteswara Rao

Designation :

Managing Director

Address :

Saikrishnaja Hills, Bachupally, Hyderabad – 500 072, Andhra Pradesh, India

Date of Birth/Age :

30.04.1944

Date of Appointment :

23.06.1999

DIN No.:

01435761

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	Company/ LLP Status	Defaulting status
1	U80301AP1999PTC031960	Samaikya Educations Private Limited	Managing director	23-06-99	23-06-99	Active	NO
2	U85101AP2000PTC033668	Guntur Vikas Private Limited	Director	23-02-00	23-02-00	Dormant	NO
3	U80904AP2007PTC054324	Aikya Educations Private Limited	Director	18-09-07	18-09-07	Active	NO
4	U80301AP2008PTC061048	K U Educations Private Limited	Director	16-09-08	16-09-08	Strike off	NO
5	U74300AP2010PTC066951	Bharata Mediaforte Private Limited	Director	09-02-10	09-02-10	Active	NO
6	U80904AP2010PTC068959	Oakwood Educational Initiatives Private Limited	Director	30-06-10	30-06-10	Active	NO
7	U93090AP2006PLC049458	KMK Event Management Limited	Additional director	19-08-10	19-08-10	Active	NO
8	U93000DL2009PLC196263	KMK Events (Delhi) Limited	Additional director	19-08-10	19-08-10	Active	NO

Name :

Mr. Yalamanchili Balakrishna Rao

Designation :

Director

Address :

167, Road No.13A, Jubilee Hills, Hyderabad – 500 033, Andhra Pradesh, India

Date of Birth/Age :

10.06.1948

Date of Appointment :

23.06.1999

DIN No.:

00358282

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	U45200AP1983PLC003796	Sew Infrastructure Limited	Whole-time director	01-10-11	01-10-89	-	Active	NO
2	U80301AP1999PTC031960	Samaikya Educations Private Limited	Director	23-06-99	23-06-99	-	Active	NO
3	U24299AP2003PLC042010	Ra'pure Life Sciences Limited	Director	05-11-03	05-11-03	-	Active	NO
4	U24239AP2006PLC050996	Neocare Naturals Limited	Director	28-08-06	28-08-06	-	Active	NO
5	U40101AP2007PLC052941	Sew Green Energy Limited	Additional director	23-08-07	23-08-07	01-07-08	Active	NO
6	U40105AP2008PLC058508	Sew Nafra Power Corporation Limited	Nominee director	02-04-08	02-04-08	01-07-08	Active	NO

Name :

Mr. Kolli Mahendra Chowdary

Designation :

Director

Address :

Plot No.42, Saikrishnaja Hills, Bachupally, Hyderabad – 500 072, Andhra Pradesh, India

Date of Birth/Age :

15.08.1942

Date of Appointment :

10.12.2002

DIN No.:

01968001

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	Company/ LLP Status	Defaulting status
1	U80301AP1999PTC031960	Samaikya Educations Private Limited	Director	10-12-02	10-12-02	Active	NO
2	U80904AP2007PTC054324	Aikya Educations Private Limited	Director	18-09-07	18-09-07	Active	NO
3	U24299AP2003PLC042010	Ra'pure Life Sciences Limited	Director	30-09-09	31-08-09	Active	NO
4	U24239AP2006PLC050996	Neocare Naturals Limited	Director	30-09-10	22-03-10	Active	NO

Name :

Mr. Yalamanchili Gangadhar Rao

Designation :

Director

Address :

147/A, Road No.18, Jubilee Hills, Hyderabad – 500 033, Andhra Pradesh, India

Date of Appointment :

23.06.1999

DIN No.:

00358053

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	U45200AP1983PLC003796	Sew Infrastructure Limited	Whole-time director	01-10-11	12-09-98	-	Active	NO
2	U80301AP1999PTC031960	Samaikya Educations Private Limited	Director	23-06-99	23-06-99	-	Active	NO
3	U24299AP2003PLC042010	Ra'pure Life Sciences Limited	Director	05-11-03	05-11-03	-	Active	NO
4	U24239AP2006PLC050996	Neocare Naturals Limited	Director	28-08-06	28-08-06	-	Active	NO
5	U40101AP2007PLC052941	Sew Green Energy Limited	Director	23-02-07	23-02-07	-	Active	NO
6	U40105AP2008PLC058508	Sew Nafra Power Corporation Limited	Nominee director	02-04-08	02-04-08	-	Active	NO
7	U40101AP2008PLC060107	Sew Nyukcharong CHU Power Corporation Limited	Nominee director	11-07-08	11-07-08	-	Active	NO
8	U40105AP2008PLC060189	Sew Mago CHU Power Corporation Limited	Nominee director	17-07-08	17-07-08	-	Active	NO
9	U40102DL2006PTC150487	TT Energy Private Limited	Nominee director	27-11-08	27-11-08	22-05-11	Active	NO
10	U40101AP1997PLC028298	Sew RHO Power Corporation Limited	Director	29-09-09	31-08-09	-	Active	NO
11	U40108AP1999PLC031522	Sew Thermal Power Corporation Limited	Director	30-09-09	31-08-09	-	Active	NO
12	U40104AP2009PLC066442	Sew Power Limited	Director	22-12-09	22-12-09	-	Active	NO
13	U40108AP2010PLC068928	Sew Thermal Power Corporation (AP) Limited	Director	14-06-10	14-06-10	-	Active	NO
14	U40108AP2010PLC069326	Sew Rangmaw Power Corporation Limited	Director	06-07-10	06-07-10	-	Active	NO
15	U23203AP2010PLC070842	Sew Carbons Limited	Director	13-10-10	13-10-10	-	Active	NO
16	U45203AP2011PLC073071	Sew DSY Tollways Limited	Director	07-03-11	07-03-11	27-06-11	Active	NO

Name :

Mrs. Yalamanchili Snigdha

Designation :

Director

Address :

167, Road No.13A, Jubilee Hills, Hyderabad – 500 033, Andhra Pradesh, India

Date of Birth/Age :

01.03.1979

Date of Appointment :

10.12.2010

DIN No.:

01533467

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	Company/ LLP Status	Defaulting status
1	U24233WB2002PTC094345	Goodhealth Herbal Private Limited	Director	08-05-07	01-07-04	Active	NO
2	U80301AP1999PTC031960	Samaikya Educations Private Limited	Director	10-12-10	10-12-10	Active	NO

Name :

Surapaneni Nanda Kishore

Designation :

Director

Address :

Saikrishnaja Hills, Bachupally, Hyderabad – 500 072, Andhra Pradesh, India

Date of Birth/Age :

26.08.1972

Date of Appointment :

01.08.2011

DIN No.:

03065021

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	Company/ LLP Status	Defaulting status
1	U45209AP2010PTC068861	Swaraajya Infratech Private Limited	Director	09-06-10	09-06-10	Active	NO
2	U80301AP1999PTC031960	Samaikya Educations Private Limited	Director	01-08-11	13-04-11	Active	NO

KEY EXECUTIVES

Name :	B. Padmaja
Designation :	Company Secretary
Address :	Flat No.412, Visal Towers, Bagh Ameer Street, Kukatpally, Hyderabad – 500 072, Andhra Pradesh, India
Tel. No.:	91-40-23065179
E-Mail :	padmaja271@rediffmail.com

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2011

Names of Shareholders	No. of Shares
S. Koteswara Rao	4000
Y. Balakrishna	40000
Y. Gangadhar Rao	210000
S. Swarajya Lakshmi	4000
S. Nanda Kishore	240000
Y. Aditya Krishna	360000
Y. Vidya Devi	360000
Y. Ravi Chand	145000
Y. Rahul	160000
K. Anil Chowdhary	560000
Y. Usha Kiran	552000
K.V.V. Prasad	320000
Y. Snigdha	680000
Y. Basveswara Rao	320000
Y. Padmavathi	45000
Total	4000000

As on 30.09.2011

Equity Share Breakup	Percentage of Holding
Category
Directors or relatives of directors	100.00

BUSINESS DETAILS

Line of Business :

Educational Institution

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

v Oriental Bank of Commerce, 12-2-790/1, Plot No.1, Q.S. Plaza, Ayodhya Nagar Colony, Mehdipatnam, Hyderabad – 500 028, Andhra Pradesh, India

v Kotak Mahindra Bank Limited, 36-38A, Nariman Bhavan, 227, D, Nariman Point, Mumbai – 400 021, Maharashtra, India

Facilities :

Secured Loans	31.03.2011 Rs. In Millions	31.03.2010 Rs. In Millions
Term Loan from Oriental Bank of Commerce	17.045	34.677
Vehicle Loans	21.602	16.257
Magna Finance Corporation Limited	1.205	2.327
Over Draft from Oriental Bank of Commerce – 120	6.798	7.544
Total	46.650	60.805

Banking Relations :	--
Auditors :
Name :	Ramesh and Company Chartered Accountants
Address :	6-3-661/B/1, Sangeethnagar, Somajiguda, Hyderabad – 500 082, Andhra Pradesh, India
Tel. No.:	91-40-30686266 to 69/ 23311864
Fax No.:	91-40-23311489
Income-tax PAN of auditor or auditor's firm :	AFIPB8273K

CAPITAL STRUCTURE

As on 30.09.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
4000000	Equity Shares	Rs.10/- each	Rs.40.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
4000000	Equity Shares	Rs.10/- each	Rs.40.000 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		40.000	40.000	40.000
2] Share Application Money		0.112	0.612	0.612
3] Reserves & Surplus		32.198	23.655	17.426
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		72.310	64.267	58.038
LOAN FUNDS
1] Secured Loans		46.650	60.805	63.428
2] Unsecured Loans		14.130	13.204	18.572
TOTAL BORROWING		60.780	74.009	82.000
DEFERRED TAX LIABILITIES		10.356	9.146	6.696
TOTAL		143.446	147.422	146.734
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		140.715	153.317	153.454
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.099	0.099	0.099
DEFERRED TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000	0.000	0.000
	Sundry Debtors	2.949	2.098	0.021
	Cash & Bank Balances	5.872	0.557	0.340
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	9.137	10.737	9.548
Total Current Assets		17.958	13.392	9.909
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	3.190	7.961	8.517
	Other Current Liabilities	7.486	9.975	7.257
	Provisions	4.650	1.450	0.954
Total Current Liabilities		15.326	19.386	16.728
Net Current Assets		2.632	(5.994)	(6.819)
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		143.446	147.422	146.734

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Fee Receipts	96.182	86.420	79.314
		Other Income	0.000	0.087	0.029
		TOTAL (A)	96.182	86.507	79.343
Less	EXPENSES
		Opening Stock	0.000	0.000	0.098
		School Expenses	3.470	3.010	3.056
		Hostel Maintenance	7.736	8.600	8.156
		Salaries and Other Benefits to Staff	31.759	28.986	24.345
		Administrative and Other Expenses	13.851	10.628	9.868
		TOTAL (B)	56.816	51.224	45.523
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		39.366	35.283	33.820
Less	FINANCIAL EXPENSES (D)		7.718	8.626	10.015
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		31.648	26.657	23.805
Less/ Add	DEPRECIATION/ AMORTISATION (F)		17.245	17.910	15.606
	PROFIT BEFORE TAX (E-F) (G)		14.403	8.747	8.199
Less	TAX (H)		5.859	2.518	2.155
	PROFIT AFTER TAX (G-H) (I)		8.544	6.229	6.044
Add	Prior Period Adjustment		NA	0.000	2.062
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		23.655	17.426	9.320
	BALANCE CARRIED TO THE B/S		NA	23.655	17.426
	Earnings Per Share (Rs.)		2.14	1.56	1.51

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	8.88	7.20	7.62
Net Profit Margin (PBT/Sales)	(%)	14.97	10.12	10.34
Return on Total Assets (PBT/Total Assets}	(%)	9.08	5.25	5.02
Return on Investment (ROI) (PBT/Networth)		0.20	0.14	0.14
Debt Equity Ratio (Total Liability/Networth)		1.05	1.45	1.70
Current Ratio (Current Asset/Current Liability)		1.17	0.69	0.59

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	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 involved in	--
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:

The registered office of the company has been shifted from Plot No.167, Road No.13A, Jubilee Hills, Hyderabad – 500 033, Andhra Pradesh to the present address w.e.f. 20.02.2007.

FIXED ASSETS:

v Land

v Buildings

v Plant and Machinery

v Furniture and Fittings

v Buses

v Cars

v Library Books

v Computers

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.56.92
UK Pound	1	Rs.88.90
Euro	1	Rs.71.25

INFORMATION DETAILS

Report Prepared by :

SMN

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	4
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		36

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.