MIRA INFORM REPORT

Report Date :

26.03.2012

IDENTIFICATION DETAILS

Name :	CAPITAL FORTUNES VENTURES PRIVATE LIMITED
Formerly Known As :	PRATIBHA ENERGY VENTURES PRIVATE LIMITED FORTUNES FOREX SERVICES PRIVATE LIMITED PRATIBHA SURVEY AND RESEARCH SERVICES PRIVATE LIMITED
Registered Office :	8-2-698, Flat No.403, 5^th Floor, M J Towers, Road No.2, 12 Banjara Hills, Hyderabad – 500034, Andhra Pradesh
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	29.06.1994
Com. Reg. No.:	01-017808
Capital Investment / Paid-up Capital :	Rs.0.100 Million
CIN No.: [Company Identification No.]	U74300AP1994PTC017808
TAN No.: [Tax Deduction & Collection Account No.]	HYDP03280E
PAN No.: [Permanent Account No.]	AAACF3023H
Legal Form :	Private Limited Liability Company
Line of Business :	Providing Consultancy Services.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (26)

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

Maximum Credit Limit :	USD 6000
Status :	Moderate
Payment Behaviour :	Slow but Correct
Litigation :	Clear
Comments :	Subject is a relatively small company having moderate track. There appears some losses being incurred by the company in the current year. However, 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 :	8-2-698, Flat No.403, 5^th Floor, M J Towers, Road No.2, 12 Banjara Hills, Hyderabad – 500034, Andhra Pradesh, India
Tel. No.:	91-40-23302216
Fax No.:	91-40-23397279
E-Mail :	sriram@capitalfortunes.com

DIRECTORS

(AS ON 30.09.2011)

Name :

Mr. Sriram Uppaluri

Designation :

Director

Address :

Flat No.204, Tejeswini Shanta Sheel Tower, Himayat Nagar, Hyderabad – 500029, Andhra Pradesh, India

Date of Birth/Age :

14.06.1951

Date of Appointment :

17.05.2005

DIN No.:

01686680

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	U65910AP1995PLC022621	CAPITAL FORTUNES FINANCIAL SERVICES LIMITED	Whole-time director	1/4/2008	18/12/1995	-	Active	NO
2	U72200AP1991NPL012482	KRIYA SOCIAL SERVICES	Director	21/05/1996	21/05/1996	-	Active	NO
3	U74300AP1994PTC017808	CAPITAL FORTUNES VENTURES PRIVATE LIMITED	Director	17/05/2005	17/05/2005	-	Active	NO
4	U40104AP2001PLC037125	SREE VENKATESWARA POWER AND UTILITIES LIMITED	Director	30/09/2010	11/1/2010	29/11/2010	Active	NO
5	U40300AP2004PTC044058	OORJA INFRAENERGY SOLUTIONS PRIVATE LIMITED	Director	21/03/2011	21/03/2011	-	Active	NO

Name :

Mr. Adinarayana Murthy Uppaluri

Designation :

Director

Address :

Flat No.501, Tejeswini Shanta Sheel Towers, Himayat Nagar, Hyderabad – 500029, Andhra Pradesh, India

Date of Birth/Age :

31.07.1946

Date of Appointment :

17.10.2005

DIN No.:

01866854

Name :

Mr. Tadikamalla Nagendra Rao

Designation :

Director

Address :

S-318, 1^st Floor, Panchsheel Park, New Delhi – 110017, India

Date of Birth/Age :

13.02.1955

Date of Appointment :

17.05.2005

Date of Ceasing :

22.06.2009

DIN No.:

00729696

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	U72900DL2003PTC119047	DANS ENERGY PRIVATE LIMITED	Managing director	1/4/2010	20/02/2003	-	Active	NO
2	U74300AP1994PTC017808	CAPITAL FORTUNES VENTURES PRIVATE LIMITED	Director	17/05/2005	17/05/2005	22/06/2009	Active	NO
3	U40102DL2006PTC153501	DANS ENERGY CONSULTING PRIVATE LIMITED	Director	11/9/2006	11/9/2006	18/03/2008	Active	NO
4	U51909DL2005PTC143237	SHIGA ENERGY PRIVATE LIMITED	Managing director	14/10/2010	4/10/2006	-	Active	NO
5	U40102DL2007PTC159477	RANGIT VALLEY HYDRO PRIVATE LIMITED	Director	20/02/2007	20/02/2007	-	Active	NO
6	U40102DL2006PTC150487	TT ENERGY PRIVATE LIMITED	Nominee director	1/5/2010	22/09/2008	-	Active	NO
7	U72900AP2011PTC073836	EIGEN COMPUTER SERVICES PRIVATE LIMITED	Additional director	25/02/2012	25/02/2012	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

(AS ON 30.09.2011)

Names of Shareholders	No. of Shares
Uppaluri Sriram Flat No.204, Tejeswini Shanta Sheel Tower, Himayat Nagar, Hyderabad – 500029, Andhra Pradesh, India	3300
Capital Fortunes Private Limited 8-2-698, Flat No.403, 5^th Floor, M J Towers, Road No.12, Banjara Hills, Hyderabad – 500034, Andhra Pradesh, India	3400
Soma Raju A New White House, Ring Road, P B No.62, Guntur – 522007, Andhra Pradesh, India	3300
Total	10000

(AS ON 25.05.1994)

Names, Address of Subscribers	No. of Equity Shares taken by each subscriber
Gopal Palepu 49, Moore Street, Madras – 600001, Tamilnadu, India	10
Dharmendra K. Vasant 9 Rajan Street, T – Nagar, Madras – 600017, Tamilnadu, India	10
Sairam Mocherla 8-2-472/6, Road No.4, Banjara Hills, Hyderabad – 500034, Andhra Pradesh, India	10
Aparna Mocherla 8-2-472/6, Road No.4, Banjara Hills, Hyderabad – 500034, Andhra Pradesh, India	10
Total	40

(AS ON 30.09.2011)

Equity Shares Break – up

Category	Percentage
Bodies corporate	34.00
Directors or relatives of directors	33.00
Other top fifty shareholders	33.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Providing Consultancy Services.

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

Not Available

Facilities :

Unsecured Loans	31.03.2011	31.03.2010
	(Rs. In Millions)
From Others	74.160	10.000
Total	74.160	10.000

Banking Relations :	--
Auditors :
Name :	BGN and Associates Chartered Accountant
Address :	#3-C, 3^rd Floor, Kautilya, Somajiguda, Hyderabad – 500082, Andhra Pradesh, India
PAN No.:	AAKFB0174G

CAPITAL STRUCTURE

(AS ON 30.09.2011)

Authorised Capital :

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

Issued, Subscribed & Paid-up Capital :

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

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		0.100	0.100	0.100
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		1.461	4.695	4.393
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		1.561	4.795	4.493
LOAN FUNDS
1] Secured Loans		0.000	0.000	0.000
2] Unsecured Loans		74.160	10.000	0.000
TOTAL BORROWING		74.160	10.000	0.000
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		75.721	14.795	4.493
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.032	0.039	0.047
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.025	0.000	0.000
DEFERREX TAX ASSETS		0.001	0.001	0.001
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000	0.000	0.000
	Sundry Debtors	0.000	0.397	1.985
	Cash & Bank Balances	0.081	0.619	0.073
	Other Current Assets	1.196	0.210	0.000
	Loans & Advances	77.900	14.602	4.796
Total Current Assets		79.177	15.828	6.854
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	2.370	0.365	1.954
	Other Current Liabilities	0.629	0.193	0.022
	Provisions	0.515	0.515	0.433
Total Current Liabilities		3.514	1.073	2.409
Net Current Assets		75.663	14.755	4.445
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		75.721	14.795	4.493

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Retainerships and Others	4.493	2.849	2.905
		TOTAL (A)	4.493	2.849	2.905
Less	EXPENSES
		Personnel Expenses	4.913	0.926	1.380
		Operating and Other Expenses	1.329	1.356	0.277
		TOTAL (B)	6.242	2.282	1.657
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		(1.749)	0.567	1.248
Less	FINANCIAL EXPENSES (D)		1.479	0.122	0.004
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		(3.228)	0.445	1.244
Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.006	0.007	0.010
	PROFIT BEFORE TAX (E-F) (G)		(3.234)	0.438	1.234
Less	TAX (H)		0.000	0.136	0.432
	PROFIT AFTER TAX (G-H) (I)		(3.234)	0.302	0.802
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		4.695	4.393	3.591
	BALANCE CARRIED TO THE B/S		1.461	4.695	4.393
	Earnings Per Share (Rs.)		--	30	80z

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	(71.98)	10.60	27.61
Net Profit Margin (PBT/Sales)	(%)	(71.98)	15.37	42.48
Return on Total Assets (PBT/Total Assets}	(%)	(4.08)	2.76	17.88
Return on Investment (ROI) (PBT/Networth)		(2.07)	0.09	0.27
Debt Equity Ratio (Total Liability/Networth)		49.76	2.31	0.54
Current Ratio (Current Asset/Current Liability)		22.53	14.75	2.85

LOCAL AGENCY FURTHER INFORMATION

REVIEW OF OPERATIONS:

The company had performed well. The Directors have kept eagle's eye on the expenditure and therefore could control to the required extent. Hence, the net profit of the Company was also increased drastically. This trend will definitely bring results beyond expectations.

FIXED ASSETS

· Furniture and Fixtures

· Office Equipments

· Computer and Peripherals

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.50.59
UK Pound	1	Rs.80.34
Euro	1	Rs.67.14

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	2
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	2
--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		26

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.