MIRA INFORM REPORT

Report Date :

10.03.2012

IDENTIFICATION DETAILS

Name :	ALIENS DEVELOPERS PRIVATE LIMITED
Registered Office :	Flat No.911, Teja Block, My Home Navodweepa Apartment, Near Hi Tech City, Madhapur, Hyderabad – 500081, Andhra Pradesh
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	21.03.2006
Com. Reg. No.:	49552
Capital Investment / Paid-up Capital :	Rs.50.000 Millions
CIN No.: [Company Identification No.]	U70102AP2006PTC049552
TAN No.: [Tax Deduction & Collection Account No.]	HYDA06746F
PAN No.: [Permanent Account No.]	AAFCA7204E
Legal Form :	Private Limited Liability Company
Line of Business :	Construction Developers
No. of Employees:	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (47)

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

Maximum Credit Limit :	USD 944768
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is a well established company having satisfactory track. Trade relations are reported as fair. Business is active. Payments are reported as correct and as per commitments. The company can be considered normal for business dealings 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 :	Flat No.911, Teja Block, My Home Navodweepa Apartment, Near Hi Tech City, Madhapur, Hyderabad – 500081, Andhra Pradesh, India
E-Mail :	developers_aliens@yahoo.co.in aliens_account@yahoo.co.in aliens@aliensgroup.in
Website :	http://www.aliensgroup.in
Corporate Office 1:	Plot No.54 and 1, Silicon Valley, Lane Adjacent to Image Gardens Function Hall, Madhapur, Hyderabad – 500081, Andhra Pradesh, India
Mobile No.:	91-9846787247
E-Mail :	viritha@aliensgroup.in
Corporate Office 2:	Plot No.57, Vittal Rao Nagar, Madhapur, Hyderabad – 500033, Andhra Pradesh, India
Mobile No.:	91-9966234104/ 9966234109/ 9966234016/ 9966234113
E-Mail :	sales@aliensgroup.in
Website :	http://www.aliensgroup.in

DIRECTORS

AS ON 30.09.2011

Name :	Mr. Hari Challa
Designation :	Director
Address :	910, Teja Block Myhome Navadweepa, Madhapur, Hyderabad – 500081, Andhra Pradesh, India
Date of Birth/Age :	14.11.1978
Date of Appointment :	21.03.2006

Other Directorship:

Top of Form

Bottom of Form

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	U45200AP2004PTC044569	ALIENS GROUP INFRA PRIVATE LIMITED	Managing director	08/11/2004	08/11/2004	-	Active	NO
2	U70102AP2006PTC049552	ALIENS DEVELOPERS PRIVATE LIMITED	Managing director	21/03/2006	21/03/2006	-	Active	NO
3	U45200AP2006PTC050470	fortune infra developers private limited	Director	27/06/2006	27/06/2006	-	Active	NO
4	U45200AP2006PTC051698	FORTUNE TOWNSHIP PRIVATE LIMITED	Director	17/11/2006	17/11/2006	-	Active	NO
5	U45209AP2007PTC056824	ALIENS SPACE STATION - 2 PRIVATE LIMITED	Director	24/12/2007	24/12/2007	-	Active	NO
6	U70102AP2007PTC056823	ALIENS FACILITY MANAGEMENT SERVICES PRIVATE LIMITED	Director	24/12/2007	24/12/2007	-	Active	NO
7	U45400AP2007PTC056822	ALIENS HILLS PRIVATE LIMITED	Director	24/12/2007	24/12/2007	-	Active	NO
8	U70102AP2007PTC056817	ALIENS SPACE STATION 1 PRIVATE LIMITED	Director	24/12/2007	24/12/2007	-	Active	NO
9	U45400AP2007PTC056816	ALIENS ACE PRIVATE LIMITED	Director	24/12/2007	24/12/2007	-	Active	NO
10	U45200AP2007PTC056835	ALIENS AEROCITY PRIVATE LIMITED	Director	26/12/2007	26/12/2007	-	Active	NO
11	U45200AP2007PTC056830	ALIENS HIRISES PRIVATE LIMITED	Director	26/12/2007	26/12/2007	-	Active	NO
12	U45200AP2008PTC056923	ALIENS INFRATECH PRIVATE LIMITED	Director	02/01/2008	02/01/2008	-	Active	NO
13	U51909WB1996PTC076546	ROHTANG COMMERCIAL PVT LTD	Director	14/01/2008	14/01/2008	-	Active	NO
14	U70102AP2008PTC058658	ALIENS HUB PRIVATE LIMITED	Managing director	12/04/2008	12/04/2008	-	Active	NO
15	U80221AP2009PTC063255	TALENT TREE PERFORMANCE SOLUTIONS PRIVATE LIMITED	Director	01/04/2009	01/04/2009	-	Active	NO
16	U45209AP2011PTC077014	Alien Land Private Limited	Managing director	18/10/2011	18/10/2011	-	Active	NO
17	U45400AP2011PTC077120	ALIENS SMART CITY PRIVATE LIMITED	Managing director	24/10/2011	24/10/2011	-	Active	NO

Name :	Mr. Venkat Prasanna Challa
Designation :	Director
Address :	910, Teja Block Myhome Navadweepa, Madhapur, Hyderabad – 500081, Andhra Pradesh, India
Date of Birth/Age :	08.12.1979
Date of Appointment :	21.03.2006

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	U45200AP2004PTC044569	ALIENS GROUP INFRA PRIVATE LIMITED	Director	08/11/2004	08/11/2004	-	Active	NO
2	U70102AP2006PTC049552	ALIENS DEVELOPERS PRIVATE LIMITED	Director	21/03/2006	21/03/2006	-	Active	NO
3	U45209AP2007PTC056824	ALIENS SPACE STATION - 2 PRIVATE LIMITED	Director	24/12/2007	24/12/2007	-	Active	NO
4	U70102AP2007PTC056823	ALIENS FACILITY MANAGEMENT SERVICES PRIVATE LIMITED	Director	24/12/2007	24/12/2007	-	Active	NO
5	U45400AP2007PTC056822	ALIENS HILLS PRIVATE LIMITED	Director	24/12/2007	24/12/2007	-	Active	NO
6	U70102AP2007PTC056817	ALIENS SPACE STATION 1 PRIVATE LIMITED	Director	24/12/2007	24/12/2007	-	Active	NO
7	U45400AP2007PTC056816	ALIENS ACE PRIVATE LIMITED	Director	24/12/2007	24/12/2007	-	Active	NO
8	U45200AP2007PTC056835	ALIENS AEROCITY PRIVATE LIMITED	Director	26/12/2007	26/12/2007	-	Active	NO
9	U45200AP2007PTC056830	ALIENS HIRISES PRIVATE LIMITED	Director	26/12/2007	26/12/2007	-	Active	NO
10	U45200AP2008PTC056923	ALIENS INFRATECH PRIVATE LIMITED	Director	02/01/2008	02/01/2008	-	Active	NO
11	U51909WB1996PTC076546	ROHTANG COMMERCIAL PVT LTD	Director	14/01/2008	14/01/2008	-	Active	NO
12	U70102AP2008PTC058658	ALIENS HUB PRIVATE LIMITED	Director	12/04/2008	12/04/2008	-	Active	NO
13	U45209AP2011PTC077014	Alien Land Private Limited	Whole-time director	18/10/2011	18/10/2011	-	Active	NO
14	U45400AP2011PTC077120	ALIENS SMART CITY PRIVATE LIMITED	Whole-time director	24/10/2011	24/10/2011	-	Active	NO

Name :	Mr. Venkat Rangaiah Choudary Challa
Designation :	Director
Address :	910, Teja Block Myhome Navadweepa, Madhapur, Hyderabad – 500081, Andhra Pradesh, India
Date of Birth/Age :	01.07.1951
Date of Appointment :	21.03.2006

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	U70102AP2006PTC049552	ALIENS DEVELOPERS PRIVATE LIMITED	Director	21/03/2006	21/03/2006	-	Active	NO

KEY EXECUTIVES

Name :	Mr. B Keshav Rao
Designation :	Secretary
Address :	Plot No. 60, Ayodhya Nagar, Bandlaguda, Gsi post, Hyderabad – 500068, Andhra Pradesh, India
Date of Birth/Age :	02.03.1937
Date of Appointment :	01.11.2008

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2011

Names of Shareholders	No. of Shares
Hari Challa	2000000
Venkat Challa	2000000
C V R Choudary	750000
Challa Nagarathana	250000
Total	5000000

AS ON 30.09.2011

Category	Percentage
Directors or relatives of directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Construction Developers

GENERAL INFORMATION

Financial Institution:

Religare Finvest Limited, D3, P3b, District Centre, Saket, New Delhi - 110017, Delhi, India

Banking Relations :	--
Auditors :
Name :	VSPN and Company Chartered Accountant
Address :	Flat No.4, Rukmini Apartments, Yousufgudacheckpost, Hyderabad – 500045, India
Subsidiary :	Aliens ACE Private Limited Aliens Aerocity Private Limited Aliens Facility Management Services Private Limited Aliens Hub Private Limited Aliens Space Station 1 Private Limited Aliens Space Station 2 Private Limited Aliens Hills Private Limited Aliens Hirises Private Limited Aliens Infratech Private Limited

CAPITAL STRUCTURE

AS ON 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
20000000	Equity Shares	Rs.10/- each	Rs.200.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
5000000	Equity Shares	Rs.10/- each	Rs.50.000 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		50.000	50.000	128.650
2] Share Application Money		97.004	81.520	0.000
3] Reserves & Surplus		89.188	67.995	42.529
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		236.192	199.515	171.179
LOAN FUNDS
1] Secured Loans		241.020	165.762	47.843
2] Unsecured Loans		12.924	11.995	0.480
TOTAL BORROWING		253.944	177.757	48.323
DEFERRED TAX LIABILITIES		0.089	0.053	0.448
TOTAL		490.225	377.325	219.950
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		310.793	188.367	70.006
Capital work-in-progress		0.000	0.000	0.000
Goodwill Consideration		0.011	0.011	0.000
INVESTMENT		3.576	3.491	19.269
DEFERREX TAX ASSETS		0.493	0.531	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	1531.576	894.111	604.954
	Sundry Debtors	43.122	31.061	33.662
	Cash & Bank Balances	18.542	19.544	7.277
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	123.399	221.833	381.709
Total Current Assets		1716.639	1166.549	1027.602
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	1534.721	966.431	50.018
	Other Current Liabilities	0.000	0.163	839.544
	Provisions	7.085	15.566	7.374
Total Current Liabilities		1541.806	982.160	896.936
Net Current Assets		174.833	184.389	130.666
MISCELLANEOUS EXPENSES		0.519	0.536	0.009
TOTAL		490.225	377.325	219.950

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	521.527	315.724	8.476
		Other Income		71.432	0.219
		TOTAL	521.527	387.156	8.695
Less	EXPENSES
		Net Operating Expenses	NA	354.075	7.407
		Preliminary Expenses	NA	0.004	0.004
		TOTAL	NA	354.079	7.411
	PROFIT BEFORE TAX		25.945	33.077	1.284
Less	TAX		9.011	11.310	0.409
	PROFIT AFTER TAX		16.934	21.767	0.875

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	3.25	5.62	10.06
Net Profit Margin (PBT/Sales)	(%)	NA	10.47	15.15
Return on Total Assets (PBT/Total Assets}	(%)	1.28	2.44	0.12
Return on Investment (ROI) (PBT/Networth)		0.11	0.16	0.01
Debt Equity Ratio (Total Liability/Networth)		7.60	5.81	5.52
Current Ratio (Current Asset/Current Liability)		1.11	1.19	1.15

LOCAL AGENCY FURTHER INFORMATION

OPERATIONS:

The Company has performed well during this year and the operations of the company have been successful during the present year. Though the construction industry was disturbed during the year 2010-11, market has improved because of the stable Governments formed both at the state and the Central levels. This coupled with the fact that the Indian market was the last to suffer effects of the global recession and has been amongst the first to recover has led to an improvement in the situation. The Company also experienced effects of the downtrend with sales getting affected but the Company followed the strategy of aggressive sales combined with discounts wherever required. The Company actively hired sales personnel while the rest of the Industry was reducing manpower. It paid dividends in the form of enhanced sales. Following are some of the prestigious projects, under process now and the progress over the year:

· Aliens Valley - Independent Duplex residential villas and residential apartments at Gopanpally, Hyderabad. The project is complete and the apartments and villas have been handed over to the customers.

· Space Station I - The Hi-Rise (Thirty storied) residential and commercial complexes in 20 Acres with international standards at Tellapur, Hyderabad. The operations in the site are in full swing and this is the first project to have been granted 30 floor approvals by the Hyderabad Urban Development Authority (HUDA).

· Space Station II – a Multi-Storied (14 Floors) residential and commercial Space in 32 Acres with International standards at Tummaluru, Maheswaram Mandal, Near International Airport, Hyderabad. According to Business Plan we have been marketing the Space Station -2 Products and doing Prospective business. The Statutory Approvals like Airports Authority (HADA) has been received and Approval for Fire Authority has been filed and yet to be received for the First Phase of Construction activity.

· Aliens Hub – a golf Centric residential Township situated on Hyderabad-Srisailam State Highway, with the Integrated Township Features like Residential Villas, Open Plots, Apartments, Row Houses and Independent Floors and Places like Business and Commercial Spaces, Retail Spaces, Sports City and Medical Hub and City Centre etc., The Total Extent of the Township will be 1500 Acres. The Company is getting overwhelming response from the Market. The site Development works are going on, as per Phasewise Master Planning Schedule. To make this project a major minting source of revenue, all the Intellectual, Financing, Marketing and Administrative sources have been utilizing in an optimum way.

Form 8:

Corporate identity number of the company	U70102AP2006PTC049552
Name of the company	ALIENS DEVELOPERS PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	Flat No.911, Teja Block, My Home Navodweepa Apartment, Near Hi Tech City, Madhapur, Hyderabad – 500081, Andhra Pradesh, India
This form is for	Creation of charge
Type of charge	Movable Property
Particular of charge holder	RELIGARE FINVEST LIMITED
Nature of instrument creating charge	Loan Agreement for Rs.2990000/-- and [Loan + interest of Rs 3710350/-] for movable property as per terms of the agreement with Religare Finvest Limited for which schedule and MID attached and repayable in 35 equal monthly installments of Rs 106010/- each at interest of 15.01% with reducing ROI.
Date of instrument Creating the charge	02/09/2011
Amount secured by the charge	Rs.2.990 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest 15.01% with reducing ROI. Terms of Repayment 35 equal monthly installments of Rs.0.106 Millions each Margin Margin/down payment of Rs.0.996 Millions Extent and Operation of the charge 100%
Short particulars of the property charged	Volvo 600 KVA DG Set purchased from Sterling and Wilson Powergen Private Limited vide proforma invoice dated 20.8.11

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.50.01
UK Pound	1	Rs.79.00
Euro	1	Rs.66.17

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--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		47

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	-

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