MIRA INFORM REPORT

Report Date :

22.05.2012

IDENTIFICATION DETAILS

Name :	VIVA HOMES PRIVATE LIMITED
Registered Office :	1st Floor, Thakur Arcade, Station Road, Virar West, Maharashtra – 401303
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	28.09.2009
Com. Reg. No.:	11-195281
Capital Investment / Paid-up Capital :	Rs.0.100 Million
CIN No.: [Company Identification No.]	U45202MH2009PTC195281
TAN No.: [Tax Deduction & Collection Account No.]	PNEV08331B
Legal Form :	Private Limited Liability Company
Line of Business :	Builders and Developers
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ca (12)

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Yet to Commence Business activities
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Though the company was incorporated in the year 2009, it is yet to commence its commercial business activities. Payments are unknown The company can be considered for business dealings on a safe secured 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 (30.09.2011)	Current Rating (31.12.2011)
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 :	1st Floor, Thakur Arcade, Station Road, Virar West, Maharashtra – 401303, India
Tel. No.:	91-222-7840502
Fax No.:	91-222-7840501
E-Mail :	suramca@gmail.com
Head Office :	2^nd FloorThakur Arcade, Raja Shivaji Road, Virar (West) District Thane -401303, Maharashtra, India
Tel. No.:	91-250-2502288
Fax No.:	91-250-2510021/13/16
E-Mail :	info@vivagroup.in
Mumbai Office:	306,Unique Tower, Behind Patel Petrol Pump, S.V. Road, Goregaon (W) Mumbai – 400062, Maharashtra, India
Tel. No.:	91-22-28713708/09
Fax No.:	91-22-28713707
Pune Office:	94/95, Bihari Deep, Lane No.11, Prabaht Road, Pune -411004 Maharashtra, India
Tel. No.:	91-20-25662602/83
Fax No.:	91-20-25662684

DIRECTORS

As on 30.09.2011

Name :

Mr. Deepak Harishchandra Thakur

Designation :

Director

Address :

Thakur Niwas, Raja Shivaji Marg, Virar, Thane(West), Maharashtra – 401303, India

Date of Birth/Age :

05.02.1957

Date of Appointment :

28.08.2009

Din No.:

00385851

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	U99999MH1987PTC044965	KSHITIJ BUILDERS AND DEVELOPERS PVT LTD	Director	13-10-87	13-10-87	-	Active	NO
2	U99999MH1987PTC043548	SIDDHARTH BUILDERS AND DEVELOPERS PVT LTD	Director	01-12-92	01-12-92	-	Active	NO
3	U45200MH2007PTC167977	RAJPRABHA DEVELOPERS PRIVITE LIMITED	Director	01-02-08	01-02-08	-	Active	NO
4	U45202MH2009PTC195281	VIVA HOMES PRIVATE LIMITED	Director	28-08-09	28-08-09	-	Active	NO

Name :

Mr. Vikas Bhaskar Vartak

Designation :

Director

Address :

Sneh, Chalpeth, Post Agashi Tal, Vasai, Thane – 401303, Maharashtra, India

Date of Birth/Age :

29.11.1961

Date of Appointment :

29.06.2010

Din No.:

00947462

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	U45200MH2008PTC186494	APAR INFRASTRUCTURE PRIVATE LIMITED	Director	05-09-08	05-09-08	-	Active	NO
2	U74130MH2006PTC159361	APAR GLOBAL PRIVATE LIMITED	Director	14-02-09	14-02-09	-	Active	NO
3	U95000MH2010PTC199288	V3V SOLUTIONS PRIVATE LIMITED	Director	23-01-10	23-01-10	-	Active	NO
4	U45202MH2009PTC195281	VIVA HOMES PRIVATE LIMITED	Director	29-06-10	29-06-10	-	Active	NO
5	U45400MH2010PTC205770	VIVA PALGHAR REALTORS PRIVATE LIMITED	Director	21-07-10	21-07-10	-	Active	NO
6	U45203MH2010PTC205750	VIVA KONKAN DEVELOPERS PRIVATE LIMITED	Director	21-07-10	21-07-10	-	Active	NO
7	U45202MH2010PTC211640	VIVA UMROLI LAND DEVELOPERS PRIVATE LIMITED	Director	31-12-10	31-12-10	-	Active	NO
8	U45202MH2010PTC211635	VIVA SAPHALE REALTORS PRIVATE LIMITED	Director	31-12-10	31-12-10	-	Active	NO
9	U74900MH2011PTC215717	VIVA MARINE INDIA PRIVATE LIMITED	Director	05-04-11	05-04-11	-	Active	NO
10	U74990MH2012PTC226847	VIVA SERVITRADE PRIVATE LIMITED	Director	13-02-12	13-02-12	-	Active	NO
11	U45400MH2012PTC227794	VIVA CONSCON PRIVATE LIMITED	Director	07-03-12	07-03-12	-	Active	NO

Name :

Mr. Siddharth Deepak Thakur

Designation :

Director

Address :

Tara Bhavan, Datta Mandir Road, Virar, Thane – 401303, Maharashtra, india

Date of Birth/Age :

15.04.1985

Date of Appointment :

29.06.2010

Din No.:

02262529

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	U45200MH2007PTC167583	VIVA INFRA PROJECTS PRIVATE LIMITED	Director	17-08-09	17-08-09	-	Active	NO
2	U45202MH2009PTC195281	VIVA HOMES PRIVATE LIMITED	Director	29-06-10	29-06-10	-	Active	NO
3	U45400MH2007PTC172805	SEJ VIVA DEVELOPERS PRIVATE LIMITED	Director	29-11-10	29-11-10	-	Active	NO
4	U45400MH2011PTC211731	VIVA SAARRTHI INFRATECH PRIVATE LIMITED	Director	03-01-11	03-01-11	-	Active	NO
5	U45200MH2009PTC193221	GTS INFRASTRUCTURE & DEVELOPERS PRIVATE LIMITED	Director	22-07-11	22-07-11	-	Active	NO
6	U67190MH2012PTC226244	VIVA FINANCE HOLDINGS PRIVATE LIMITED	Director	20-01-12	20-01-12	-	Active	NO
7	U72300MH2012PTC226528	SIDY DATACOM PRIVATE LIMITED	Director	31-01-12	31-01-12	-	Active	NO
8	U45400MH2012PTC227794	VIVA CONSCON PRIVATE LIMITED	Director	07-03-12	07-03-12	-	Active	NO

Name :

Mr. Vandana Vikas Vartak

Designation :

Director

Address :

Sneh, Chalpeth, Post Agashi Tal, Vasai, Thane – 401303, Maharashtra, India

Date of Birth/Age :

20.07.1962

Date of Appointment :

29.06.2010

Din No.:

02308134

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	U74130MH2006PTC159361	APAR GLOBAL PRIVATE LIMITED	Director	14-02-09	14-02-09	-	Active	NO
2	U45202MH2009PTC195281	VIVA HOMES PRIVATE LIMITED	Director	29-06-10	29-06-10	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2011

Names of Shareholders	No. of Shares
Rohan Jayendra Thakur	6000
Deepak Harishchandra Thakur	4000
Total	10000

As on 30.09.2011

Category	Percentage
Directors or relatives of directors	100.00

BUSINESS DETAILS

Line of Business :

Builders and Developers

Products :

Item Code No	Product Description
0401	Builders - Builders

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

The Saraswat Co- Operative Bank Limited, 2^nd Floor Above F C Road Branch Ganehwadi, Opposite Hotel Vaishali, Shivaji Nagar, Pune -411004, Maharashtra, India

Facilities :

Rs.in Millions

UNSECURED LOAN	31.03.2011	31.03.2010
Viva Holdings	0.000	5.500
Viva Homes	0.000	0.500
Total	0.000	6.000

Banking Relations :
Auditors :
Name :	P.N Subramanian and Company Chartered Accountant
Address :	703-704, Commodity Exchange Building, Plot No.2,3 and 4, Sector -19, Vashi, Navi Mumbai, Maharashtra, India
Tel. No.:	91-22-22671578
Fax No.:	91-22-66343614
E-Mail :	suram@gmail.com
Pan No.:	AAAFP8991P

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
50000	Equity Share	Rs.10/- each	Rs.0.500 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
SHAREHOLDERS FUNDS
1] Share Capital		0.100	0.100
2] Share Application Money		0.000	0.000
3] Reserves & Surplus		0.000	0.000
4] (Accumulated Losses)		(0.272)	(0.070)
NETWORTH		(0.172)	0.030
LOAN FUNDS
1] Secured Loans		0.000	0.000
2] Unsecured Loans		0.000	6.000
TOTAL BORROWING		0.000	6.000
DEFERRED TAX LIABILITIES		0.000	0.000
TOTAL		(0.172)	6.030
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.444	0.000
Capital work-in-progress		0.000	0.000
INVESTMENT		0.000	0.000
DEFERREX TAX ASSETS		0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000	0.000
	Sundry Debtors	0.000	0.000
	Cash & Bank Balances	0.000	0.000
	Other Current Assets	80.030	6.050
	Loans & Advances	2.459	0.000
Total Current Assets		82.489	6.050
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	83.105	0.020
	Other Current Liabilities	0.000	0.000
	Provisions	0.000	0.000
Total Current Liabilities		83.105	0.020
Net Current Assets		(0.616)	6030
MISCELLANEOUS EXPENSES		0.000	0.000
TOTAL		(0.172)	6030

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010
	SALES
		Income	0.000	0.000
		Other Income	0.000	0.000
		TOTAL (A)	0.000	0.000
Less	EXPENSES		201.380	70.425
	PROFIT BEFORE TAX (E-F) (G)		(201.380)	(70.425)
Less	TAX (I)		0.000	0.000
	PROFIT AFTER TAX (G-I) (J)		(201.380)	(70.425)

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010
Return on Total Assets (PBT/Total Assets}	(%)	(242.83)	1164.05
Return on Investment (ROI) (PBT/Networth)		(1170.8)	(2347.5)
Debt Equity Ratio (Total Liability/Networth)		(483.17)	200.67
Current Ratio (Current Asset/Current Liability)		0.99	302.5

LOCAL AGENCY FURTHER INFORMATION

Check List by Info Agents	Available in Report [Yes/No]
Year of Establishment	Yes
Locality of the Firm	Yes
Construction of the firm	Yes
Premises details	No
Type of Business	Yes
Line of Business	Yes
Promoters background	Yes
No. of Employees	No
Name of Person Contacted	No
Designation of contact person	No
Turnover of firm for last two years	No
Profitability for last two years	Yes
Reasons for variation <> 20%	-
Estimation for coming financial year	No
Capital the business	Yes
Details of sister concerns	No
Major Suppliers	No
Major Customers	No
Payment Terms	No
Export / Import Details [If Applicable]	No
Market Information	-
Litigations that the firm / promoter involved in	-
Banking Details	Yes
Banking Facility Details	Yes
Conduct of the banking account	-
Buyer visit details	-
Financials, if provided	Yes
Incorporation details, if applicable	Yes
Last accounts filed at ROC	Yes
Major Shareholders, if applicable	Yes

Form 8

Corporate identity number of the company	U45202MH2009PTC195281
Name of the company	VIVA HOMES PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	1st Floor, Thakur Arcade, Station Road, Virar West, Maharashtra – 401303, India Email: suramca@gmail.com
This form is for	Creation of charge
Type of charge	Others
Particular of charge holder	The Saraswat Co- Operative Bank Limited, 2^nd Floor Above F C Road Branch Ganehwadi, Opposite Hotel Vaishali, Shivaji Nagar, Pune -411004, Maharashtra, India
Nature of instrument creating charge	Agreement of Hypothecation of Vehicle 22^nd July 2011
Date of instrument Creating the charge	22.07.2011
Amount secured by the charge	Rs.8.800 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of interest: Interest to be paid at 10.50% p.a with monthly rest from the date of loan disbursed. The payment of interest is to be made within 7 days from the date of debit to the account. Terms of repayment Term loan repayable by monthly installment of Rs.0.286Million each.(EMI). Term loan repayable on demand but not later than 36 months. If it is not repaid as stipulated above or and failure to comply with any terms and conditions of the advance repayment through PDC Margin MIN 20% Extent and operation of the charge Type Of Facility :- Term Loan (Vehicle Loan) Others: All other terns and conditions as per agreement
Short particulars of the property charged (Including location of the property)	The borrower/s doth do hereby hypothecate to and in favour of the bank a jaguar xj 5.0l car, registered with the rto pune.

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 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.54.68
UK Pound	1	Rs.86.52
Euro	1	Rs.69.82

INFORMATION DETAILS

Report Prepared by :

BYI

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
PAID-UP CAPITAL	1~10	2
OPERATING SCALE	1~10	2
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	1
--PROFITABILIRY	1~10	1
--LIQUIDITY	1~10	1
--LEVERAGE	1~10	1
--RESERVES	1~10	1
--CREDIT LINES	1~10	1
--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		12

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

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.