MIRA INFORM REPORT

Report Date :

10.03.2012

IDENTIFICATION DETAILS

Name :	PREDOMINANT ENGINEERS AND CONTRACTORS PRIVATE LIMITED
Registered Office :	A-73, Rana Pratap Bagh, New Delhi – 110007, Delhi
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	13.11.1991
Com. Reg. No.:	046379
Capital Investment / Paid-up Capital :	Rs.26.000 Millions
CIN No.: [Company Identification No.]	U74899DL1991PTC046379
TAN No.: [Tax Deduction & Collection Account No.]	DELP06349A
Legal Form :	Private Limited Liability Company
Line of Business :	Engineering Consultancy
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (45)

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

Maximum Credit Limit :	USD 59928
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track. The company has improved its performance in the year 2009-10. Trade relations are reported as fair. Business is active. Payments are reported to be usually correct. 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 :	A-73, Rana Pratap Bagh, New Delhi – 110007, Delhi, India
Website :	www.pecl.net
Corporate office:	A-14/28A, Qutub Enclave DLF Phase – 1, Gurgaon, Haryana, India
Tel. No.:	91-124-4767777
Fax No.:	91-124-4767788 / 4051359
E-Mail :	co@pecl.net / pecl@rediffmail.com

DIRECTORS

AS ON 24.07.2010

Name :	Mr. Kuldip Chander Sood
Designation :	Director
Address :	A-14/28A, Qutub Enclave DLF Phase – 1, Gurgaon, Haryana, India
Date of Birth/Age :	04.10.1948
Date of Appointment :	15.03.2000

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	U74899DL1991PTC046379	PREDOMINANT ENGINEERS & CONTRACTORS PRIVATE LIMITED.	Director	15/03/2000	15/03/2000	-	Active	NO
2	U74140DL2003PTC123566	SOOD PROJECT MANAGEMENT PRIVATE LIMITED	Director	17/12/2003	17/12/2003	-	Active	NO
3	U27109DL2004PTC130504	SOOD ISPAT AND POWER PRIVATE LIMITED	Director	10/11/2004	10/11/2004	-	Active	NO

Name :	Ms. Reeta Sood
Designation :	Director
Address :	A-14/28A, Qutub Enclave DLF Phase – 1, Gurgaon, Haryana, India
Date of Birth/Age :	06.01.1952
Date of Appointment :	13.11.1991

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	U74899DL1991PTC046379	PREDOMINANT ENGINEERS & CONTRACTORS PRIVATE LIMITED.	Director	13/11/1991	13/11/1991	-	Active	NO
2	U74140DL2003PTC123566	SOOD PROJECT MANAGEMENT PRIVATE LIMITED	Director	17/12/2003	17/12/2003	-	Active	NO
3	U27109DL2004PTC130504	SOOD ISPAT AND POWER PRIVATE LIMITED	Director	01/02/2010	01/02/2010	-	Active	NO

Name :	Mr. Vineet Sood
Designation :	Director
Address :	A-14/28A, Qutub Enclave DLF Phase – 1, Gurgaon, Haryana, India
Date of Birth/Age :	15.02.1979
Date of Appointment :	03.10.2006

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	U27109DL2004PTC130504	SOOD ISPAT AND POWER PRIVATE LIMITED	Director	10/11/2004	10/11/2004	-	Active	NO
2	U74140DL2003PTC123566	SOOD PROJECT MANAGEMENT PRIVATE LIMITED	Director	01/04/2005	01/04/2005	-	Active	NO
3	U74899DL1991PTC046379	PREDOMINANT ENGINEERS & CONTRACTORS PRIVATE LIMITED.	Director	03/10/2006	03/10/2006	-	Active	NO

Name :	Mr. Vikram Sood
Designation :	Director
Address :	A-14/28A, Qutub Enclave DLF Phase – 1, Gurgaon, Haryana, India
Date of Birth/Age :	15.07.1962
Date of Appointment :	03.10.2006

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	U74140DL2003PTC123566	SOOD PROJECT MANAGEMENT PRIVATE LIMITED	Director	17/12/2003	17/12/2003	-	Active	NO
2	U74899DL1991PTC046379	PREDOMINANT ENGINEERS & CONTRACTORS PRIVATE LIMITED.	Director	10/02/2009	10/02/2009	-	Active	NO

Name :	Mr. Tarun Mukherjee
Designation :	Director
Address :	Bagun Hathy, P O Barediha, P S Sidhgdra, Jamshedpur, Jharkhand
Date of Appointment :	13.11.1991
Date Of Ceasing:	20.01.1992
Name :	Mr. Neeraj Bhatia
Designation :	Director
Address :	A-7A/3, Rana Pratap Bagh, Delhi – 110007, Delhi, India
Date of Appointment :	20.09.1960
Date Of Ceasing:	16.01.1992

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 24.07.2010

Names of Shareholders	No. of Shares
Reeta Sood	6500
Kuldeep Sood	13000
Vineet Sood	6500
Total	26000

AS ON 24.07.2010

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Engineering Consultancy

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

Bank of Baroda, 16, Parliament Street, New Delhi - 110001, Delhi, India

Facilities :

SECURED LOAN	Rs. In Millions 31.03.2010	Rs. In Millions 31.03.2009
Barclays Business Loan	0.883	1.569
ICICI Car Loan	1.170	0.000
India Bulls Business Loan	1.283	1.765
Reliance BMW Car Loan	1.571	2.158
Standard Chartered Business Loan	1.231	2.212
Tata Capital Car Loan	0.785	1.237
TOTAL	6.923	8.941

Banking Relations :	--
Auditors :
Name :	S K Khatri and Associates Chartered Accountant
Address :	F-3 and 12, Ansal Utility Commercial Complex, Opposite Jwala Heri Market, Paschim Vihar, New Delhi – 110063, Delhi, India
Associates/Subsidiaries :	NA

CAPITAL STRUCTURE

AS ON 31.03.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
50000	Equity Shares	Rs.100/- each	Rs.5.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
26000	Equity Shares	Rs.10/- each	Rs.2.600 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2010	31.03.2009	31.03.2008
SHAREHOLDERS FUNDS
1] Share Capital		2.600	0.100	0.100
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		12.382	0.548	0.582
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		14.982	0.648	0.682
LOAN FUNDS
1] Secured Loans		6.923	8.938	7.673
2] Unsecured Loans		0.000	0.000	0.000
TOTAL BORROWING		6.923	8.938	7.673
DEFERRED TAX LIABILITIES		1.185	1.021	0.946
TOTAL		23.090	10.607	9.301
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		63.540	10.474	8.987
Capital work-in-progress		0.000	0.000	0.00
INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000	0.000	0.000
	Sundry Debtors	12.850	6.931	9.816
	Cash & Bank Balances	10.069	1.317	1.377
	Other Current Assets	7.423	4.035	25.942
	Loans & Advances	40.701	42.667	5.708
Total Current Assets		71.043	54.950	42.843
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	7.226	9.934	0.000
	Other Current Liabilities	95.984	40.515	36.808
	Provisions	8.283	4.368	5.721
Total Current Liabilities		111.493	54.817	42.529
Net Current Assets		(40.450)	0.133	0.314
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		23.090	10.607	9.301

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008
	SALES
		TOTAL	96.419	52.630	60.814
Less	EXPENSES
		TOTAL	71.700	39.901	44.124
	PROFIT BEFORE TAX		24.719	12.729	16.690
Less	TAX		8.283	4.638	4.759
	PROFIT AFTER TAX		16.436	8.091	11.931

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
PAT / Total Income	(%)	17.04	15.37	19.62
Net Profit Margin (PBT/Sales)	(%)	NA	NA	NA
Return on Total Assets (PBT/Total Assets}	(%)	18.37	19.46	32.20
Return on Investment (ROI) (PBT/Networth)		1.65	19.64	24.47
Debt Equity Ratio (Total Liability/Networth)		7.90	98.38	73.61
Current Ratio (Current Asset/Current Liability)		0.64	1.00	1.01

LOCAL AGENCY FURTHER INFORMATION

FORM 8:

Corporate identity number of the company	U74899DL1991PTC046379
Name of the company	PREDOMINANT ENGINEERS AND CONTRACTORS PRIVATE LIMITED.
Address of the registered office or of the principal place of business in India of the company	A-7A/3, Rana Pratap Bagh, New Delhi -110007,, DelhiIndia
This form is for	Creation of charge
Type of charge	Book Debts Movable Property Immovable Property Floating Charge
Particular of charge holder	Bank of Baroda
Nature of instrument creating charge	Composite Hypothecation Agreement and Memorandum of Entry
Date of instrument Creating the charge	20/10/2010
Amount secured by the charge	Rs.114.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest Commission - 0.50% per quarter + Service Tax for Performance Guarantee and Commission - 0.75% per quarter + Service Tax for Financial Guarantee Terms of Repayment Payable on demand. Extent and Operation of the charge 100% Others To secure all amounts payable under BG Limit of Rs. 1140.00 Millions granted to the Company together with all interests, costs, charges, expenses etc.
Short particulars of the property charged	Hypothecation of Current Assets. All that piece and parcel of Non-Agricultural Land bearing Survey No. 1 and 1A, 5th Floor situated within the vill. limits of Chakkarpur Taluka Gurgaon Distt and Registration Sub-Distt Gurgaon in the state of Haryana containing by admeasurement 287 sq. meters and 260.13 sq. meters or thereabout and bounded as follows, that is to say- situated in the multistoried office cum commercial complex known as Global Foyer (formerly known as City Scape) Sector -43, Golf Course Road, Gurgaon (Haryana)

CMT REPORT (Corruption, Money Laundering and 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 and 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	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	NO
--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		45

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 and 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.