MIRA INFORM REPORT

Report Date :

26.03.2012

IDENTIFICATION DETAILS

Name :	EDUCOMP INFRASTRUCTURE AND SCHOOL MANAGEMENT LIMITED
Formerly Known as :	EDUCOMP INFRASTRUCTURE PRIVATE LIMITED
Registered Office :	1211, Padma Tower – 1, 5, Rajendra Place, New Delhi – 110008
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	02.09.2006
Com. Reg. No.:	55-152963
Capital Investment / Paid-up Capital :	Rs.280.056 Millions
CIN No.: [Company Identification No.]	U70104DL2006PLC152963
TAN No.: [Tax Deduction & Collection Account No.]	DELE04312A
PAN No.: [Permanent Account No.]	AABCE6852E
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Educational Services and Technology Equipment.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (51)

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

Maximum Credit Limit :	USD 33170000
Status :	Good
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established company having fine track. General financial position of the company is good. Trade relations are reported as fair. Business is active. Payments are reported to be usually 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 :	1211, Padma Tower – 1, 5, Rajendra Place, New Delhi – 110008, India
Tel. No.:	91-11-25755920/ 25762725/ 25762726
Fax No.:	91-11-25766775
E-Mail :	jagdish.prakash@educomp.com
Corporate Office :	Plot No. 514, Udyog Vihar-III, Gurgaon – 122001, Haryana, India
Tel. No.:	91-124-4529000
Fax No.:	91-124-4529039

DIRECTORS

As on 30.09.2011

Name :

Mr. Jagdish Prakash

Designation :

Director

Address :

C-11/1, DLF City, Phase-I, Gurgaon – 122002, Haryana, India

Date of Birth/Age :

04.02.1935

Date of Appointment :

01.01.2007

DIN No.:

00001115

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	U72300DL1996PTC082776	SEI TECHNOLOGY PRIVATE LIMITED	Director	16/06/2000	16/06/2000	-	Active	NO
2	U72900KA2003PTC032674	EDUCOMP LEARNING PRIVATE LIMITED	Managing director	19/10/2009	19/10/2004	-	Active	NO
3	L74999DL1994PLC061353	EDUCOMP SOLUTIONS LIMITED	Whole-time director	25/07/2010	19/02/2005	-	Active	NO
4	U74899DL1993PLC056318	KAISONS HOUSING CORPORATION LIMITED	Director	31/08/2006	31/08/2006	-	Active	NO
5	U80103DL2006PLC153405	EDUCOMP SCHOOL MANAGEMENT LMITED	Director	9/09/2006	9/09/2006	-	Active	NO
6	U70104DL2006PLC152963	EDUCOMP INFRASTRUCTURE AND SCHOOL MANAGEMENT LIMITED	Director	20/09/2007	1/01/2007	-	Active	NO
7	U72200DL2005PTC142030	EDUCOMP LEARNING HOUR PRIVATE LIMITED	Director	9/04/2007	9/04/2007	-	Active	NO
8	U72900DL2007PLC171509	EDUCOMP SOFTWARE LIMITED	Director	17/12/2007	17/12/2007	-	Active	NO
9	U45400DL2008PTC174712	EDUCOMP INFRASTRUCTURE SERVICES PRIVATE LIMITED	Director	28/02/2008	28/02/2008	-	Active	NO
10	U74120HR2008PTC037666	GYANKUNJ EDUCATION PRIVATE LIMITED	Director	29/02/2008	29/02/2008	-	Active	NO
11	U80300HR2008PLC037672	EDUCOMP PROFESSIONAL EDUCATION LIMITED	Director	3/03/2008	3/03/2008	-	Active	NO
12	U73100DL2008PTC174788	EDTERRA EDVENTURES PRIVATE LIMITED	Director	30/09/2008	25/03/2008	23/11/2010	Active	NO
13	U80302DL2008PLC179177	EDUCOMP-RAFFLES HIGHER EDUCATION LIMITED	Director	6/06/2008	6/06/2008	12/08/2008	Active	NO
14	U80221DL2008PTC182100	INDIACAN EDUCATION PRIVATE LIMITED	Director	18/08/2008	18/08/2008	26/06/2009	Active	NO
15	U80100DL2008PTC182971	EDUCOMP CHILD CARE PRIVATE LIMITED	Director	8/09/2008	8/09/2008	-	Active	NO
16	U80301DL2010PLC200323	EDUCOMP ONLINE SUPPLEMENTAL SERVICE LIMITED	Director	17/03/2010	17/03/2010	-	Active	NO
17	U74140DL2010PLC206434	EDUCOMP INVESTMENT MANAGEMENT LIMITED	Director	29/07/2010	29/07/2010	-	Active	NO

Name :

Mr. Shantanu Jagdish Prakash

Designation :

Director

Address :

C-11/1, DLF City, Phase-I, Gurgaon – 122002, Haryana, India

Date of Birth/Age :

26.01.1965

Date of Appointment :

02.09.2006

DIN No.:

00983057

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	L74999DL1994PLC061353	EDUCOMP SOLUTIONS LIMITED	Managing director	1/08/2009	7/09/1994	-	Active	NO
2	U52599TN1998PTC041563	WHEITSTONE PRODUCTIONS PRIVATE LIMITED	Director	30/05/2001	30/05/2001	-	Active	NO
3	U72900KA2003PTC032674	EDUCOMP LEARNING PRIVATE LIMITED	Director	1/07/2009	28/10/2003	30/01/2010	Active	NO
4	U72200DL2004PTC127540	LAKSHYA DIGITAL PRIVATE LIMITED	Director	8/09/2004	8/09/2004	-	Active	NO
5	U74899DL1993PLC056318	KAISONS HOUSING CORPORATION LIMITED	Director	31/08/2006	31/08/2006	-	Active	NO
6	U70104DL2006PLC152963	EDUCOMP INFRASTRUCTURE AND SCHOOL MANAGEMENT LIMITED	Director	2/09/2006	2/09/2006	-	Active	NO
7	U80103DL2006PLC153405	EDUCOMP SCHOOL MANAGEMENT LMITED	Director	9/09/2006	9/09/2006	13/04/2010	Active	NO
8	U72900DL2002PTC116534	A P EDUVISION PRIVATE LIMITED	Director	11/11/2006	11/11/2006	12/11/2010	Active	NO
9	U64200DL1996PTC079909	MARK AND SPACE TELESYSTEMS PRIVATE LIMITED	Director	17/03/2007	17/03/2007	4/09/2008	Active	NO
10	U72200DL2005PTC142030	EDUCOMP LEARNING HOUR PRIVATE LIMITED	Director	9/04/2007	9/04/2007	10/12/2009	Active	NO
11	U51109PB1999PLC034692	AUTHORGEN TECHNOLOGIES LIMITED	Additional director	27/07/2007	27/07/2007	-	Active	NO
12	U74899DL1996PLC078481	CL EDUCATE LIMITED	Director	18/01/2008	17/10/2007	28/04/2008	Active	NO
13	U72900DL2007PLC171509	EDUCOMP SOFTWARE LIMITED	Director	17/12/2007	17/12/2007	5/01/2009	Active	NO
14	U45400DL2008PTC174712	EDUCOMP INFRASTRUCTURE SERVICES PRIVATE LIMITED	Director	28/02/2008	28/02/2008	6/04/2009	Active	NO
15	U73100DL2008PTC174788	EDTERRA EDVENTURES PRIVATE LIMITED	Director	29/02/2008	29/02/2008	23/11/2010	Active	NO
16	U74120HR2008PTC037666	GYANKUNJ EDUCATION PRIVATE LIMITED	Director	29/02/2008	29/02/2008	-	Active	NO
17	U80300HR2008PLC037672	EDUCOMP PROFESSIONAL EDUCATION LIMITED	Director	3/03/2008	3/03/2008	-	Active	NO
18	U74900DL2008PTC175116	MARK CORPORATION PRIVATE LIMITED	Director	30/09/2008	24/03/2008	15/12/2010	Active	NO
19	U51102DL1996PTC081329	BILAKES CONSULTING PRIVATE LIMITED	Director	30/05/2008	29/04/2008	-	Active	NO
20	U70101DL2005PLC137699	CAREER LAUNCHER EDUCATION INFRASTRUCTURE AND SERVICES LIMITED	Director	29/04/2008	29/04/2008	-	Active	NO
21	U80302DL2008PLC179177	EDUCOMP-RAFFLES HIGHER EDUCATION LIMITED	Director	6/06/2008	6/06/2008	-	Active	NO
22	U80102KA2007PTC042900	A PLUS EDUCATION SOLUTIONS PRIVATE LIMITED	Director	15/07/2008	24/06/2008	3/08/2009	Active	NO
23	U80221DL2008PTC182100	INDIACAN EDUCATION PRIVATE LIMITED	Additional director	15/10/2011	18/08/2008	2/01/2012	Active	NO
24	U80100DL2008PTC182971	EDUCOMP CHILD CARE PRIVATE LIMITED	Director	8/09/2008	8/09/2008	25/06/2010	Active	NO
25	U22120MH1993PLC075091	EUROKIDS INTERNATIONAL LIMITED	Director	21/08/2009	25/11/2008	-	Active	NO
26	U93000MH2009PLC196084	EUROSCHOOL INTERNATIONAL LIMITED	Director	29/09/2009	29/09/2009	9/08/2010	Active	NO
27	U45200DL2010PLC198263	MILLENNIUM INFRADEVELOPERS LIMITED	Director	21/01/2010	21/01/2010	-	Active	NO
28	U27200DL1993PTC052646	B AND R BRASS COLLECTION PRIVATE LIMITED	Director	28/01/2010	28/01/2010	-	Active	NO
29	U80301DL2010PLC200323	EDUCOMP ONLINE SUPPLEMENTAL SERVICE LIMITED	Director	17/03/2010	17/03/2010	-	Active	NO
30	U80301MH2009PLC190552	KNOWLEDGE VISTAS LIMITED	Director	23/04/2010	23/04/2010	23/09/2010	Active	NO
31	U74999DL2010PTC204924	EDUGAMES SOLUTIONS PRIVATE LIMITED	Director	29/06/2010	29/06/2010	-	Active	NO
32	U74140DL2010PLC206434	EDUCOMP INVESTMENT MANAGEMENT LIMITED	Director	29/07/2010	29/07/2010	-	Active	NO
33	U74899DL1992PLC049025	VIDYA MANDIR CLASSES LIMITED	Director	5/09/2011	10/08/2010	-	Active	NO
34	U80221MH2009PTC195608	BEACON LEARNING PRIVATE LIMITED	Director	30/09/2011	10/01/2011	-	Active	NO
35	U80900DL2010PTC203311	BEACON HIGHER EDUCATION SERVICES PRIVATE LIMITED	Director	30/09/2011	12/01/2011	-	Active	NO
36	U80302KA2005PTC036945	GATEFORUM EDUCATIONAL SERVICES PRIVATE LIMITED	Director	30/09/2011	24/02/2011	20/11/2011	Active	NO
37	U80301TN2004NPL052529	GREAT LAKES INSTITUTE OF MANAGEMENT	Director	21/09/2011	21/05/2011	-	Active	NO
38	U80904DL2011PTC216000	GREAT LEARNING MANAGEMENT PRIVATE LIMITED	Additional director	30/05/2011	30/05/2011	-	Active	NO

Name :

Mr. Gopal Johrilal Jain

Designation :

Director

Address :

Flat No. 1, 1^st Floor, Ramalayam, 46, Peddar Road, Mumbai – 400026, Maharashtra, India

Date of Birth/Age :

13.02.1971

Date of Appointment :

02.09.2006

DIN No.:

00032308

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	U67190DL1999PTC099260	GAJA ADVISORS PRIVATE LIMITED	Director	9/04/1999	9/04/1999	-	Active	NO
2	U74999MH1968GAP014120	INDO-AMERICAN CHAMBER OF COMMERCE	Director	6/10/2004	6/10/2004	-	Active	NO
3	L74999DL1994PLC061353	EDUCOMP SOLUTIONS LIMITED	Director	20/09/2005	23/08/2005	-	Active	NO
4	U70104DL2006PLC152963	EDUCOMP INFRASTRUCTURE AND SCHOOL MANAGEMENT LIMITED	Director	2/09/2006	2/09/2006	-	Active	NO
5	U65100DL2007PTC163599	GAJA TRUSTEE COMPANY PRIVATE LIMITED	Director	17/05/2007	17/05/2007	14/10/2008	Active	NO
6	U93000DL2007PTC171780	GAJA CORPORATE ADVISORS PRIVATE LIMITED	Director	26/12/2007	26/12/2007	5/03/2008	Active	NO
7	U80300HR2008PLC037672	EDUCOMP PROFESSIONAL EDUCATION LIMITED	Director	3/03/2008	3/03/2008	14/11/2011	Active	NO
8	U74899DL1996PLC078481	CL EDUCATE LIMITED	Director	31/03/2008	6/03/2008	-	Active	NO
9	U74900DL2008PTC175116	MARK CORPORATION PRIVATE LIMITED	Director	11/03/2008	11/03/2008	15/12/2010	Active	NO
10	U80103DL2006PLC153405	EDUCOMP SCHOOL MANAGEMENT LMITED	Director	29/09/2008	5/04/2008	-	Active	NO
11	U65991DL1993PLC052280	BONANZA PORTFOLIO LIMITED	Director	9/08/2008	18/04/2008	-	Active	NO
12	U70101DL2005PLC137699	CAREER LAUNCHER EDUCATION INFRASTRUCTURE AND SERVICES LIMITED	Director	29/04/2008	29/04/2008	-	Active	NO
13	U45200DL2008PTC174240	CAREER LAUNCHER INFRASTRUCTURE PRIVATE LIMITED	Director	27/07/2009	28/01/2009	-	Active	NO
14	U74140MH2000PTC124003	TEAM LEASE SERVICES PRIVATE LIMITED	Director	29/09/2010	13/11/2009	-	Active	NO
15	U51101MH2010PTC207603	SHIVANI MERCANTILE PRIVATE LIMITED	Director	31/12/2011	14/10/2010	-	Active	NO
16	U72200MH2006PTC218082	IIJT EDUCATION PRIVATE LIMITED	Additional director	12/05/2011	12/05/2011	-	Active	NO
17	U80903MH2011NPL219138	TEAMLEASE EDUCATION FOUNDATION	Additional director	18/08/2011	18/08/2011	-	Active	NO

Name :

Mr. Sharad Agarwal

Designation :

Managing director

Address :

79, Anupam Apartments, M.B. Road, New Delhi – 110068, India

Date of Birth/Age :

26.12.1965

Date of Appointment :

03.11.2009

DIN No.:

00153510

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	U74899DL1991PTC046647	SPECTRA PRODUCTS PRIVATE LIMITED	Director	5/12/1991	5/12/1991	-	Active	NO
2	U74899DL1988PTC033153	GHAZIABAD PRECISION PRODUCTS PRIVATE LIMITED	Director	13/12/2005	13/12/2005	-	Active	NO
3	U28118DL2006PTC152621	KATO SPECTRA SPRINGS INDIA PRIVATE LIMITED	Director	28/08/2006	28/08/2006	-	Under liquidation	NO
4	U80102KA2007PTC042900	A PLUS EDUCATION SOLUTIONS PRIVATE LIMITED	Director	15/07/2008	24/06/2008	-	Active	NO
5	U45400DL2008PTC174712	EDUCOMP INFRASTRUCTURE SERVICES PRIVATE LIMITED	Director	29/09/2009	4/04/2009	-	Active	NO
6	U80221DL2008PTC182100	INDIACAN EDUCATION PRIVATE LIMITED	Director	30/12/2009	22/06/2009	-	Active	NO
7	U70104DL2006PLC152963	EDUCOMP INFRASTRUCTURE AND SCHOOL MANAGEMENT LIMITED	Managing director	3/11/2009	3/11/2009	-	Active	NO
8	U80301MH2009PLC190552	KNOWLEDGE VISTAS LIMITED	Director	23/04/2010	23/04/2010	-	Active	NO
9	U74900DL2010PTC206437	SHIKSHA SOLUTIONS TRUSTEE PRIVATE LIMITED	Director	29/07/2010	29/07/2010	-	Active	NO

Name :

Mr. Ravinder Nath Kapur

Designation :

Whole-time director

Address :

491, Sector-22, Gurgaon – 122001, Haryana, India

Date of Birth/Age :

01.08.1946

Date of Appointment :

10.04.2010

DIN No.:

03017907

Name :

Mr. Mahesh Lalit Mohan Sharda

Designation :

Director

Address :

Meharwala, Tehsil Tibbi, Hanumangarh – 335526, Rajasthan, India

Date of Birth/Age :

24.06.1969

Date of Appointment :

06.02.2009

Date of Ceasing :

14.03.2011

DIN No.:

00221203

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	U11122HR1995PLC032629	SHARDA SEEDS LIMITED	Director	10/04/1995	10/04/1995	-	Active	NO
2	U17115PB1965PLC002589	THE NORTHERN INDIA COTTON ASSOCIATION LIMITED	Director	21/09/2005	21/09/2005	-	Active	NO
3	U91110MH1921NPL000940	COTTON ASSOCIATION OF INDIA	Director	21/01/2010	13/07/2006	31/12/2010	Active	NO
4	U45202PB1954NPL000616	NORTHERN INDIA COTTON ASSOCIATION LIMITED	Director	30/09/2006	30/09/2006	-	Strike off	NO
5	U99000HR2007PTC036843	SIRSA COMMUNICATIONS PRIVATE LIMITED	Director	9/05/2007	9/05/2007	-	Strike off	NO
6	U70104DL2006PLC152963	EDUCOMP INFRASTRUCTURE AND SCHOOL MANAGEMENT LIMITED	Director	29/09/2009	6/02/2009	14/03/2011	Active	NO
7	U70100DL2009PTC192926	SUNRAY ESTATES PRIVATE LIMITED	Director	6/08/2009	6/08/2009	-	Active	NO
8	U17200DL2009PTC192934	SUNRAY APPARELS PRIVATE LIMITED	Director	7/08/2009	7/08/2009	-	Active	NO
9	U01400HR2010PTC041139	DDPL COMMODITIES PRIVATE LIMITED	Director	1/09/2010	1/09/2010	-	Active	NO
10	U45200HR2011PTC041885	AM RURAL INFRATECH PRIVATE LIMITED	Director	11/01/2011	11/01/2011	-	Active	NO
11	U17121HR2011PTC041884	SUNRAY COTSPIN PRIVATE LIMITED	Director	11/01/2011	11/01/2011	-	Active	NO
12	U73100HR2011PTC042093	SUNRAY GRAM INFRATECH PRIVATE LIMITED	Director	12/02/2011	12/02/2011	-	Active	NO
13	U73100HR2011PTC042091	SUNRAY GRAMIN SERVICES PRIVATE LIMITED	Director	12/02/2011	12/02/2011	-	Active	NO
14	U72900PN2005PTC020816	MIMOSA DATA SYSTEMS (INDIA) PRIVATE LIMITED	Additional director	15/07/2011	15/07/2011	26/09/2011	Active	YES

KEY EXECUTIVES

Name :	Mr. Yogesh Saluja
Designation :	Secretary
Address :	3/206, Subhash Nagar, New Delhi – 110027, India
Date of Birth/Age :	25.10.1979
Date of Appointment :	10.11.2009
PAN No.:	AOCPS9670Q

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2011

Names of Shareholders	No. of Shares
Shantanu Jagdish Prakash C-11/1, DLF City, Phase-I, Gurgaon – 122002, Haryana, India	3754080
Saurabh Ram Prasad Sood B-002, Ambica Island, Gurgaon, Haryana, India	345312
Anjlee Shantanu Prakash C-11/1, DLF City, Phase-I, Gurgaon – 122002, Haryana, India	344784
Sangeeta Pradeep Gulati 12, Mausam Apartment, West Enclave, Pitampura, New Delhi – 110034, India	60192
Abhinav Raj Nath Dhar B-2, 3^rd Floor, Kaveri Block, Pushpa Akash Apartment, Vaishali, Ghaziabad – 201010, Uttar Pradesh, India	86064
Educomp Solutions Limited 1211, Padma Tower-1, 5, Rajendra Palace, New Delhi – 110008, India	22619816
Gaja Advisors Private Limited Ground Floor, Publics Zen House, Kamala Mills Compound, Senapati Bapat Marg, Lower Parel, Mumbai – 400013, Maharashtra, India	689568
Educomp School Management Limited 802, Padma Tower-1, 5 Rajendra Palace, New Delhi – 110008, India	105759
Total	28005575

As on 09.08.2006

Names of Shareholders	No. of Shares
Gopal Johrilal Jain	5000
Shantanu Jagdish Prakash	5000
Total	10000

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2011

Category	Percentage
Bodies corporate	83.61
Directors or relatives of Directors	14.63
Other top fifty shareholders	1.76
Total	100.00

BUSINESS DETAILS

Line of Business :

Educational Services and Technology Equipment.

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

Not Available

Facilities :

Secured Loan	As on 31.03.2011 (Rs. in Millions)	As on 31.03.2010 (Rs. in Millions)
Non-convertible debentures secured	1000.000	0.000
Rupee term loans banks secured	5607.500	3600.000
Loans taken for vehicles secured	7.334	0.000
Loans taken for other fixed assets secured	0.808	1.563
Total	6615.642	3601.563

(A) Redeemable after 2 years with a put/call option after one year.

(B) Due within 1 year Rs.312.500 Millions

(C) Term loan [Due within 1 year Rs.312.500 Millions)

(D) Due within 1 year Rs.1.806 Millions Vehicle loans are secured by hypothecation deed of vehicles.

(E) Vehicle Loan:- [Due within 1 year Rs.0.752 Million] Note - Vehicle loans are secured by hypothecation deed of vehicles.

(F) [Due within 1 year Rs.0.778 Million] Note - Vehicle loans are secured by hypothecation deed of vehicles.

Financial Institution :	Axis Trustee Services Limited, Axis House, 2nd Floor, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai – 400025, Maharashtra, India
Banking Relations :	--
Auditors :
Name :	Haribhakti and Company Chartered Accountants
Address :	3rd Floor, 52-B, Okhla Industrial Area, Phase-Iii, New Delhi-110020, India
PAN.:	AAAFH2010F
Holding Company :	Educomp Solutions Limited CIN No.: L74999DL1994PLC061353
Subsidiaries :	· Educomp Infrastructure Services Private Limited · Educomp APAC services Limited, BVI · Falcate Builders Private Limited CIN No.:U70100DL2007PTC159420 · Newzone Infrastructure Private Limited CIN No.:U72900DL2007PTC159532 · Rockstrong Infratech Private Limited CIN No.:U45200DL2007PTC159426 · Reverie Infratech Private Limited CIN No.:U51909DL2007PTC159846 · Herold Infra Private Limited CIN No.:U51101DL2007PTC159533 · Growzone Infrastructure Private Limited CIN No.:U51101DL2007PTC159428 · Hidream Constructions Private Limited CIN No.:U45200DL2007PTC159764 · Leading Edge Infratech Private Limited CIN No.:U45400DL2007PTC159595 · Strotech Infrastruture Private Limited CIN No.:U51909DL2007PTC159419 · Markus Infrastructure Private Limited CIN No.:U45209DL2007PTC159417 · Orlando Builders Private Limited CIN No.:U51909DL2007PTC159418 · Crosshome Developers Private Limited CIN No.:U45202DL2007PTC160056 · Good Luck Structure Private Limited CIN No.:U45200DL2007PTC159526 · Evergreen Realtech Private Limited CIN No.:U45400DL2010PTC197529 · Zeta Buildcon Private Limited CIN No.:U45400DL2010PTC197552 · Onega Infrastructure Private Limited CIN No.:U45400DL2009PTC197133 · Grider Infratech Private Limited CIN No.:U45400DL2010PTC197525 · Boston Realtech Private Limited CIN No.:U45200DL2009PTC197514 · Knowledge Vistas Limited (w.e.f 23 rd April, 2010) · Laser Vision Private Limited (w.e.f 11 th February, 2011) · Virtual Buildtech Private Limited (w.e.f 11 th February, 2011) CIN No.:U45200DL2007PTC159525 · Modzex Infrastructure Private Limited (w.e.f 11 th February, 2011) CIN No.:U45400DL2007PTC159888=
Fellow Subsidiary Companies :	· Educomp School Management Limited CIN No.:U80103DL2006PLC153405 · Wheitstone Productions Private Limited · Edumatics Corporation Inc., USA · Educomp Learning Private Limited · Educomp Learning Hour Private Limited · Educomp Asia Pacific Pte. Limited, Singapore · Ask N Learn Pte Limited, Singapore · Singapore Learning.com Pte Limited, Singapore · Pave Education Pte Limited, Singapore · Wiz Learn Pte Limited, Singapore · Authorgen Technologies Limited · Shikhya Solutions Inc., U.S.A. · Educomp Software Limited · Educomp Professional Education Limited · Learning Internet Inc., U.S.A. · Savvica Inc., Cananda, · Euro Kids International Limited · Eurokids India Limited · Educomp Child Care Private Limited · Educomp Online Supplemental Service Limited · Educomp Intelprop Ventures Pte. Limited, Singapore · Euro School International Limited · Vidya Mandir Classes Limited · Educomp Investment management Limited · Euro School Properties and Infrastructure Limited
Others :	· Learning leadership foundation · Richmond education Society · Mussoorie International School Society · Shri Krishna Hare Educational Trust · Shri Radha Raman Educational Trust · Maurya Educational Trust · Bal Shiksha Educational Trust · Shri Radhe Educational Trust · Surya Prabhat Trust · Shri Radha Krishna Educational Trust · Vidya Prabhat School Trust · Unnati Educational Trust · Surya Kiran Educational Trust · Sri Satya Sai Educational Trust · Sri Laxmi Ganesh Educational Trust · Sri Vasudev Educational Trust · Siya Ram Educational Trust · Shyam Sunder Educational Trust · Shri Hare Educational Trust · Shiksha Bharti Educational Trust · Radhey Shyam Educational Trust · Gyan Kunj Educational Trust · Bhakti Sagar School Trust · Vidhya Sarovar Educational Trust · Sukh Sagar School Trust · Shri Ambey Educational Trust · Sanskriti Educational Trust · Samvridi Educational Trust · Shri Laxmi Narain Educational Trust · Millennium Infra Developers Limited
Joint Venture of Fellow Subsidiaries :	· Educomp Raffles Higher Education Limited · Indiacan Education Private Limited · Educomp Higher Initiatives Pte Limited, Singapore · A Plus Education Solution Private Limited
Associates of Holding Company :	· Greycells 18 Media Private limited · Gateforum Educational Services Private Limited

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
35000000	Equity Shares	Rs.10/- each	Rs.350.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
28005575	Equity Shares	Rs.10/- each	Rs.280.056 Millions

28,005,575 equity shares of Rs. 10 each fully paid up and Out of above 22,619,816 equity shares are held by Educomp Solutions Limited, the Holding Company. Out of which 17,210,766 were allotted as fully paid bonus shares by capitalization of Securities Premium Account.

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		280.056	247.206	10.777
2] Share Application Money		250.000	0.000	750.000
3] Reserves & Surplus		7763.287	5401.759	580.722
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		8293.343	5648.965	1341.499
LOAN FUNDS
1] Secured Loans		6615.642	3601.563	2500.559
2] Unsecured Loans		0.000	0.000	0.000
TOTAL BORROWING		6615.642	3601.563	2500.559
DEFERRED TAX LIABILITIES		141.812	99.531	43.980
TOTAL		15050.797	9350.059	3886.038
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		4359.388	2606.702	732.439
Capital work-in-progress		5256.387	2549.561	1759.706
INVESTMENT		3248.549	2935.939	925.829
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	18.343	6.800	1.508
	Sundry Debtors	799.598	366.506	90.466
	Cash & Bank Balances	270.095	362.941	157.666
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	1345.653	825.011	561.856
Total Current Assets		2433.689	1561.258	811.496
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	181.385	147.011	325.458
	Other Current Liabilities	61.462	67.031	16.455
	Provisions	4.369	89.359	1.519
Total Current Liabilities		247.216	303.401	343.432
Net Current Assets		2186.473	1257.857	468.064
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		15050.797	9350.059	3886.038

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	848.647	563.992	316.601
		Other Income	80.720	52.571	31.057
		TOTAL (A)	929.367	616.563	347.658
Less	EXPENSES
		Consumption materials changes inventories	9.685	7.608	80.360
		Employee related expenses	91.690	60.430
		Administrative selling other expenses	129.287	123.558
		Prior Period Expenses	0.832	(1.245)
		TOTAL (B)	231.494	190.351	80.360
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		697.873	426.212	267.298
Less	FINANCIAL EXPENSES (D)		382.377	127.798	102.127
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		315.496	298.414	165.171
Less/ Add	DEPRECIATION/ AMORTISATION (F)		89.084	29.546	12.366
	PROFIT BEFORE TAX (E-F) (G)		226.412	268.868	152.805
Less	TAX (H)		65.321	92.737	43.908
	PROFIT AFTER TAX (G-H) (I)		161.091	176.131	108.897
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		188.858	0.000	8.208
Less	APPROPRIATIONS
		Debenture Redemption Reserve	349.949	0.000	117.105
		Transfer from debenture Redemption Reserve	0.000	(117.105)	0.000
		Proposed Dividend	0.000	74.161	0.000
		Tax on Proposed Dividend	0.000	12.604	0.000
		Transfer to General Reserve	0.000	17.613	0.000
	BALANCE CARRIED TO THE B/S		0.000	188.858	117.105
	Earnings Per Share (Rs.)		6.25	17.62	101.04

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	17.33	28.57	31.32
Net Profit Margin (PBT/Sales)	(%)	26.68	47.67	48.26
Return on Total Assets (PBT/Total Assets}	(%)	3.33	6.45	9.89
Return on Investment (ROI) (PBT/Networth)		0.03	0.05	0.11
Debt Equity Ratio (Total Liability/Networth)		0.83	0.69	2.12
Current Ratio (Current Asset/Current Liability)		9.84	5.15	2.36

LOCAL AGENCY FURTHER INFORMATION

Bankers Charges Report as per Registry

Corporate identity number of the company	U70104DL2006PLC152963
Name of the company	EDUCOMP INFRASTRUCTURE AND SCHOOL MANAGEMENT LIMITED
Address of the registered office or of the principal place of business in India of the company	1211, Padma Tower 1, 5, Rajendra Place, New Delhi – 110008, India Email : jagdish.prakash@educomp.com
This form is for	Modification of charge
Charge identification (ID) number of the charge to be modified	10173053
Type of charge	Immovable Property
Particular of charge holder	Axis Trustee Services Limited, Axis House, 2nd Floor, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai – 400025, Maharashtra, India Email : debenturetrustee@axistrustee.com
Nature of instrument creating charge	No instrument was executed. A mortgage by physical delivery of title deeds was created in favour of Axis Trustee Services Limited acting as Security Trustee for Term Loans aggregating Rs.62.500 Millions sanctioned to Educomp Infrastructure and School Management Limited in respect of immovable properties of the Company more particularly described in Second Schedule of Memorandum of Entry dated February 08, 2012.
Date of instrument Creating the charge	08.02.2012
Amount secured by the charge	Rs.6250.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest 13.5% p.a. payable monthly till date of 1st Reset Terms of Repayment (i) Borrower to repay principal amounts of Loans to Lenders in 44 unequal quarterly installments commencing from June 1, 2010 in accordance with Amortization Schedule set forth in Schedule V of Common Loan Agreement (ii) Lenders may in suitable circumstances revise, vary, postpone repayments of principal amounts of Loans or balance outstanding for the time being or any installment(s) of principal amounts of Loans or any part thereof upon such terms and conditions as may be decided by Lenders Margin Nil Extent and Operation of the charge First pari passu charge in favour of Axis Trustee Services Limited acting as Security Trustees for Term Loan aggregating Rs.62.500 Millions availed by Educomp Infrastructure and School Management Limited from various lenders on immovable properties of the Company situated at (i) District Coimbatore (Tamil Nadu) (ii) District Mahendergarh, Haryana and (iii) District Aurangabad, Maharashtra, more particularly described in Second Schedule of Memorandum of Entry dated February 08, 2012.
Short particulars of the property or asset(s) charged (including complete address and location of the property)	(i) Land ad-measuring 8 Acres 19 Cents situared at Village Somayampalayam, Taluk and District Coimbatore, Tamilnadu, India (ii) Land ad-measuring 39 Kanal i.e. 4.875 Acres situared at Village Balana, Tehsil and District Mahendergarh, Haryana, India (iii) Land ad-measuring 3-04 Hectres situared at Village Pimpri Warud Taluk Sillod District Aurangabad ,Maharashtra with the building and other structures, fixed plant and machinery, fixtures and fittings, constructed, erected, or installed thereon, to be constructed, erected or installed thereon more particularly described in Second Schedule of Memorandum of Entry dated February 08, 2012
Date of instrument modifying the charge	14.12.2011
Particulars of the present modification	The charge created in favour of Axis Trustee Services Limited (acting as Security Trustees for Term Loan aggregating Rs.62.500 Millions availed by Educomp Infrastructure and School Management Limited from various lenders) is further secured by first pari passu charge on 3 immovable properties of the Company more particularly described in Second Schedule of Memorandum of Entry dated February 08, 2012.

FIXED ASSETS

· Land – Freehold

· Building

· Furniture

· Office Equipments

· Computer and Accessories

· 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.50.91
UK Pound	1	Rs.80.77
Euro	1	Rs.67.40

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	7
--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	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		51

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.