MIRA INFORM REPORT

Report Date :

16.11.2012

IDENTIFICATION DETAILS

Name :	ACME HOUSING INDIA PRIVATE LIMITED
Registered Office :	Acme Ghar, Khandubhai Desai Road, Vile Parle (West), Mumbai – 400 056, Maharashtra
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	19.04.2001
Com. Reg. No.:	11-131675
Capital Investment / Paid-up Capital :	Rs.7.000 millions
CIN No.: [Company Identification No.]	U45102MH2001PTC131675
TAN No.: [Tax Deduction & Collection Account No.]	MUMA16056F
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is engaged in the business of real estate and property development.
No. of Employees :	Approximately 25 (In Office)

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 1661000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track. 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 – June 30, 2012

Country Name	Previous Rating (31.03.2012)	Current Rating (30.06.2012)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

INDIAN ECONOMIC OVERVIEW

India is developing into an open-market economy, yet traces of its past autarkic policies remain. Economic liberalization, including industrial deregulation, privatization of state-owned enterprises, and reduced controls on foreign trade and investment, began in the early 1990s and has served to accelerate the country's growth, which has averaged more than 7% per year since 1997. India's diverse economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of services. Slightly more than half of the work force is in agriculture, but services are the major source of economic growth, accounting for more than half of India's output, with only one-third of its labor force. India has capitalized on its large educated English-speaking population to become a major exporter of information technology services and software workers. In 2010, the Indian economy rebounded robustly from the global financial crisis - in large part because of strong domestic demand - and growth exceeded 8% year-on-year in real terms. However, India's economic growth in 2011 slowed because of persistently high inflation and interest rates and little progress on economic reforms. High international crude prices have exacerbated the government's fuel subsidy expenditures contributing to a higher fiscal deficit, and a worsening current account deficit. Little economic reform took place in 2011 largely due to corruption scandals that have slowed legislative work. India's medium-term growth outlook is positive due to a young population and corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy. India has many long-term challenges that it has not yet fully addressed, including widespread poverty, inadequate physical and social infrastructure, limited non-agricultural employment opportunities, scarce access to quality basic and higher education, and accommodating rural-to-urban migration.

Source : CIA

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

LOCATIONS

Registered/ Corporate Office :	Acme Ghar, Khandubhai Desai Road, Vile Parle (West), Mumbai – 400 056, Maharashtra, India
Tel. No.:	91-22-26718883/ 67570000
Fax No.:	91-22-26710976
E-Mail :	ketan@acmehousing.com ulka@acmehousing.com acme@acmehousing.com
Website :	http://www.acmehousing.com
Location :	Owned
Thane Site Office :	Off Gladys Alwares Road, Manpada, Pokhran Road No.2, Thane, Maharashtra, India
Tel. No.:	91-22-65284404 / 25892945
E-Mail :	acme@acmehousing.com marketing@acmehousing.com

DIRECTORS

As on 30.09.2011

Name :

Mr. Pravin Himmatlal Doshi

Designation :

Director

Address :

102, Asha Kiran, lajpatrai Road, Vile Parle (West), Mumbai – 400 056, Maharashtra, India

Date of Birth/Age :

23.11.1943

Date of Appointment :

19.04.2001

DIN :

00051002

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U74140MH1986PTC039887	ACME BUILDING DESIGN CONSULTANTS PRIVATE LIMITED	Director	22/05/1986	22/05/1986	-	Active	NO
2	U70100MH1986PTC039906	ACME REAL ESTATE PRIVATE LIMITED	Director	27/05/1986	27/05/1986	-	Active	NO
3	U26933MH1990PTC058550	ACME BUILDING PRODUCTS PRIVATE LIMITED	Director	16/10/1990	16/10/1990	-	Active	NO
4	U45200MH1990PTC058825	SIDDHI DWELLERS PRIVATE LIMITED	Director	05/11/1990	05/11/1990	-	Active	NO
5	U45200MH1991PTC062521	APNAGHAR REALTORS PRIVATE LIMITED	Director	16/07/1991	16/07/1991	-	Active	NO
6	U70100MH1991PTC063058	DHARMESH CONSTRUCTIONS PRIVATE LIMITED	Director	23/08/1991	23/08/1991	-	Active	NO
7	U70101MH1991PTC063061	PRANGAN HOUSING COMPLEXES PRIVATE LIMITED	Director	23/08/1991	23/08/1991	-	Active	NO
8	U99999MH1991PTC063198	ACME RESIDENTIAL COMPLEXES PRIVATE LIMITED	Director	09/09/1991	09/09/1991	-	Active	NO
9	U70101MH1991PTC063201	SAJAWAT DWELLERS PRIVATE LIMITED	Director	09/09/1991	09/09/1991	-	Active	NO
10	U45200MH1991PTC063200	ACME DWELLERS PRIVATE LIMITED	Director	09/09/1991	09/09/1991	-	Active	NO
11	U45200MH1991PTC063199	ACME SHELTERS PRIVATE LIMITED	Director	09/09/1991	09/09/1991	-	Active	NO
12	U45200MH1992PTC069034	ACME AMRUT PROPERTY DEVELOPERS PRIVATE LIMITED	Director	15/10/1992	15/10/1992	-	Active	NO
13	U45200MH1992PTC069588	RADHE SHYAM PROPERTY CONSTRUCTIONS PRIVATE LIMITED	Director	17/11/1992	17/11/1992	-	Active	NO
14	U45200MH1992PTC069590	ACME AMRUT BUILDING DEVELOPERS PRIVATE LIMITED	Director	17/11/1992	17/11/1992	-	Active	NO
15	U70100MH1993PTC071753	ACME REALTORS AND BUILDERS PRIVATE LIMITED	Director	27/04/1993	27/04/1993	-	Active	NO
16	U45200MH1993PTC072228	KSHAMA REALTORS PRIVATE LIMITED	Director	31/05/1993	31/05/1993	15/07/2010	Strike off	NO
17	U72100MH1993PTC072226	VIVID REALTORS PRIVATE LIMITED	Director	31/05/1993	31/05/1993	15/07/2010	Active	NO
18	U70100MH1993PTC072225	BLUESEA REALTORS PRIVATE LIMITED	Director	31/05/1993	31/05/1993	15/07/2010	Active	NO
19	U70100MH1993PTC072224	OCEAN LINK REALTORS PRIVATE LIMITED	Director	31/05/1993	31/05/1993	15/07/2010	Active	NO
20	U45200MH1993PTC072771	PRAJAN PROPERTY DEVELOPERS PRIVATE LIMITED	Director	09/07/1993	09/07/1993	-	Strike off	NO
21	U45200MH1994PTC078017	AALAP CONSTRUCTION PRIVATE LIMITED	Director	27/04/1994	27/04/1994	-	Active	NO
22	L99999MH1985PLC113634	ACME STHAPATI LIMITED	Director	01/06/1994	01/06/1994	-	Active	NO
23	U45200MH1994PTC083093	WELLBUILD REALTORS PRIVATE LIMITED	Director	21/11/1994	21/11/1994	-	Active	NO
24	U70100MH1995PTC087973	ASCENT DEVELOPERS PRIVATE LIMITED	Director	03/05/1995	03/05/1995	-	Active	NO
25	U70100MH1995PTC087974	ACME CIVIL ENGINEERING COMPANY PRIVATE LIMITED	Director	20/10/1995	20/10/1995	-	Active	NO
26	U70100MH1995PTC094030	SIRBHA DEVELOPERS PRIVATE LIMITED	Director	31/10/1995	31/10/1995	-	Strike off	NO
27	U70100MH1996PTC095776	CROSSLINE REALTORS (INDIA) PRIVATE LIMITED	Director	01/01/1996	01/01/1996	-	Active	NO
28	U45200MH1995PTC088201	ASCENT CONSTRUCTION PRIVATE LIMITED	Director	29/01/1998	29/01/1998	-	Active	NO
29	U45102MH2001PTC131675	ACME HOUSING INDIA PRIVATE LIMITED	Director	19/04/2001	19/04/2001	-	Active	NO
30	U70100MH2004PTC148540	O2 SUPPLY INCUBATOR PRIVATE LIMITED	Director	21/09/2004	21/09/2004	-	Active	NO
31	U45201MH2002PTC136639	ASCENT HOUSING PRIVATE LIMITED	Director	18/02/2005	18/02/2005	-	Active	NO
32	U45200MH1994PTC078200	AVISHKAR INFRASTRUCTURE PRIVATE LIMITED	Director	15/03/2007	15/03/2007	-	Active	NO
33	U45202MH2008PTC180671	ACME COMPLEX PRIVATE LIMITED	Director	12/06/2008	12/06/2008	-	Active	NO
34	U67120MH1992PTC066617	TRINITY CONSORTIUM DEVELOPMENT PRIVATE LIMITED	Director	01/07/2008	01/07/2008	-	Active	NO
35	U45202MH2008PTC180445	ACME REALTIES PRIVATE LIMITED	Director	04/07/2008	04/07/2008	-	Active	NO
36	U45202MH2008PTC180656	OASIS LIFE SPACES PRIVATE LIMITED	Director	04/07/2008	04/07/2008	-	Active	NO
37	U70102MH2011PTC214651	ACME AVENUE INFRASTRUCTURE PRIVATE LIMITED	Director	11/03/2011	11/03/2011	-	Active	NO
38	U70100MH2011PTC217683	VASTU PUJAN PROPERTY DEVELOPERS PRIVATE LIMITED	Director	20/05/2011	20/05/2011	-	Active	NO

Name :

Mr. Munish Pravin Doshi

Designation :

Director

Address :

102, Asha Kiran, lajpatrai Road, Vile Parle (West), Mumbai – 400 056, Maharashtra, India

Date of Birth/Age :

07.10.1970

Date of Appointment :

19.04.2001

DIN :

00051063

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U45200MH1992PTC069034	ACME AMRUT PROPERTY DEVELOPERS PRIVATE LIMITED	Director	15/10/1992	15/10/1992	-	Active	NO
2	U45200MH1992PTC069588	RADHE SHYAM PROPERTY CONSTRUCTIONS PRIVATE LIMITED	Director	17/11/1992	17/11/1992	-	Active	NO
3	U45200MH1992PTC069590	ACME AMRUT BUILDING DEVELOPERS PRIVATE LIMITED	Director	17/11/1992	17/11/1992	-	Active	NO
4	U45200MH1993PTC072228	KSHAMA REALTORS PRIVATE LIMITED	Director	31/05/1993	31/05/1993	15/07/2010	Strike off	NO
5	U72100MH1993PTC072226	VIVID REALTORS PRIVATE LIMITED	Director	31/05/1993	31/05/1993	15/07/2010	Active	NO
6	U70100MH1995PTC087974	ACME CIVIL ENGINEERING COMPANY PRIVATE LIMITED	Director	03/05/1995	03/05/1995	-	Active	NO
7	U45200MH1995PTC088201	ASCENT CONSTRUCTION PRIVATE LIMITED	Director	09/05/1995	09/05/1995	-	Active	NO
8	U70100MH1995PTC087973	ASCENT DEVELOPERS PRIVATE LIMITED	Director	27/10/1995	27/10/1995	-	Active	NO
9	U45200MH1994PTC078017	AALAP CONSTRUCTION PRIVATE LIMITED	Director	20/12/1995	20/12/1995	-	Active	NO
10	U70100MH1996PTC095776	CROSSLINE REALTORS (INDIA) PRIVATE LIMITED	Director	18/01/1996	18/01/1996	-	Active	NO
11	L99999MH1985PLC113634	ACME STHAPATI LIMITED	Director	30/09/1996	30/09/1996	-	Active	NO
12	U99999MH1991PTC063198	ACME RESIDENTIAL COMPLEXES PRIVATE LIMITED	Director	29/01/1998	29/01/1998	-	Active	NO
13	U70100MH1991PTC063681	AUM CONSTRUCTION MANAGEMENT SERVICES PRIVATE LIMITED	Director	29/01/1998	29/01/1998	-	Active	NO
14	U45200MH1991PTC062521	APNAGHAR REALTORS PRIVATE LIMITED	Director	29/01/1998	29/01/1998	-	Active	NO
15	U70100MH1991PTC063058	DHARMESH CONSTRUCTIONS PRIVATE LIMITED	Director	29/01/1998	29/01/1998	-	Active	NO
16	U45200MH1994PTC083093	WELLBUILD REALTORS PRIVATE LIMITED	Director	29/01/1998	29/01/1998	-	Active	NO
17	U70101MH1991PTC063201	SAJAWAT DWELLERS PRIVATE LIMITED	Director	29/01/1998	29/01/1998	-	Active	NO
18	U70101MH1991PTC063061	PRANGAN HOUSING COMPLEXES PRIVATE LIMITED	Director	29/01/1998	29/01/1998	-	Active	NO
19	U45200MH1991PTC063200	ACME DWELLERS PRIVATE LIMITED	Director	29/01/1998	29/01/1998	-	Active	NO
20	U70100MH1986PTC039906	ACME REAL ESTATE PRIVATE LIMITED	Director	29/01/1998	29/01/1998	-	Active	NO
21	U45200MH1991PTC063199	ACME SHELTERS PRIVATE LIMITED	Director	29/01/1998	29/01/1998	-	Active	NO
22	U26933MH1990PTC058550	ACME BUILDING PRODUCTS PRIVATE LIMITED	Director	29/01/1998	29/01/1998	-	Active	NO
23	U74140MH1986PTC039887	ACME BUILDING DESIGN CONSULTANTS PRIVATE LIMITED	Director	29/01/1998	29/01/1998	-	Active	NO
24	U70100MH1993PTC071753	ACME REALTORS AND BUILDERS PRIVATE LIMITED	Director	29/01/1998	29/01/1998	-	Active	NO
25	U45102MH2001PTC131675	ACME HOUSING INDIA PRIVATE LIMITED	Director	19/04/2001	19/04/2001	-	Active	NO
26	U70100MH1995PTC094030	SIRBHA DEVELOPERS PRIVATE LIMITED	Director	14/08/2003	14/08/2003	-	Strike off	NO
27	U70100MH1993PTC072225	BLUESEA REALTORS PRIVATE LIMITED	Director	14/08/2003	14/08/2003	15/07/2010	Active	NO
28	U70100MH1993PTC072224	OCEAN LINK REALTORS PRIVATE LIMITED	Director	14/08/2003	14/08/2003	15/07/2010	Active	NO
29	U70100MH2004PTC148540	O2 SUPPLY INCUBATOR PRIVATE LIMITED	Director	21/09/2004	21/09/2004	-	Active	NO
30	U45200MH1994PTC078200	AVISHKAR INFRASTRUCTURE PRIVATE LIMITED	Director	15/03/2007	15/03/2007	-	Active	NO
31	U72200MH1999PTC117932	ACROSEAS CONSULTANCY PRIVATE LIMITED	Director	31/03/2007	31/03/2007	-	Active	NO
32	U45201MH2002PTC136639	ASCENT HOUSING PRIVATE LIMITED	Director	14/12/2007	14/12/2007	-	Active	NO
33	U45202MH2008PTC180671	ACME COMPLEX PRIVATE LIMITED	Director	12/06/2008	12/06/2008	-	Active	NO
34	U45202MH2008PTC180445	ACME REALTIES PRIVATE LIMITED	Director	04/07/2008	04/07/2008	-	Active	NO
35	U45202MH2008PTC180656	OASIS LIFE SPACES PRIVATE LIMITED	Director	04/07/2008	04/07/2008	-	Active	NO
36	U45200MH1993PTC072771	PRAJAN PROPERTY DEVELOPERS PRIVATE LIMITED	Director	15/07/2010	15/07/2010	-	Strike off	NO
37	U70102MH2011PTC214651	ACME AVENUE INFRASTRUCTURE PRIVATE LIMITED	Director	11/03/2011	11/03/2011	-	Active	NO
38	U67120MH1992PTC066617	TRINITY CONSORTIUM DEVELOPMENT PRIVATE LIMITED	Director	28/04/2011	28/04/2011	-	Active	NO
39	U70100MH2011PTC217683	VASTU PUJAN PROPERTY DEVELOPERS PRIVATE LIMITED	Director	20/05/2011	20/05/2011	-	Active	NO
40	U45400MH2012PTC230056	APPLE MINT REALTY AND INFRA PRIVATE LIMITED	Director	23/04/2012	23/04/2012	-	Active	NO
41	U70102MH2012PTC228926	ACME PROPERTY DEVELOPERS PRIVATE LIMITED	Additional director	23/07/2012	23/07/2012	-	Active	NO

Name :

Mr. Rajesh Pravin Doshi

Designation :

Director

Address :

102, Asha Kiran, Lajpatrai Road, Vile Parle (West), Mumbai – 400 056, Maharashtra, India

Date of Birth/Age :

10.07.1973

Date of Appointment :

15.03.2007

PAN No.:

AACPD6941R

DIN :

00919246

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U45200MH1994PTC078200	AVISHKAR INFRASTRUCTURE PRIVATE LIMITED	Director	15/03/2007	15/03/2007	-	Active	NO
2	U45102MH2001PTC131675	ACME HOUSING INDIA PRIVATE LIMITED	Director	15/03/2007	15/03/2007	-	Active	NO
3	U70100MH2004PTC148540	O2 SUPPLY INCUBATOR PRIVATE LIMITED	Director	28/03/2007	28/03/2007	-	Active	NO
4	U72200MH1999PTC117932	ACROSEAS CONSULTANCY PRIVATE LIMITED	Director	31/03/2007	31/03/2007	-	Active	NO
5	U45202MH2008PTC180671	ACME COMPLEX PRIVATE LIMITED	Director	12/06/2008	12/06/2008	-	Active	NO
6	U45202MH2008PTC180656	OASIS LIFE SPACES PRIVATE LIMITED	Director	04/07/2008	04/07/2008	-	Active	NO
7	U45202MH2008PTC180445	ACME REALTIES PRIVATE LIMITED	Director	04/07/2008	04/07/2008	-	Active	NO
8	U45200MH1992PTC069588	RADHE SHYAM PROPERTY CONSTRUCTIONS PRIVATE LIMITED	Additional director	15/01/2011	15/01/2011	-	Active	NO
9	U45200MH1994PTC083093	WELLBUILD REALTORS PRIVATE LIMITED	Director	28/09/2011	15/01/2011	-	Active	NO
10	U70101MH1991PTC063201	SAJAWAT DWELLERS PRIVATE LIMITED	Director	29/09/2011	15/01/2011	-	Active	NO
11	U70100MH1991PTC063058	DHARMESH CONSTRUCTIONS PRIVATE LIMITED	Director	30/09/2011	15/01/2011	-	Active	NO
12	U70100MH1996PTC095776	CROSSLINE REALTORS (INDIA) PRIVATE LIMITED	Director	24/09/2011	15/01/2011	-	Active	NO
13	U26933MH1990PTC058550	ACME BUILDING PRODUCTS PRIVATE LIMITED	Director	29/09/2011	15/01/2011	-	Active	NO
14	U45201MH2002PTC136639	ASCENT HOUSING PRIVATE LIMITED	Director	28/09/2011	15/01/2011	-	Active	NO
15	L99999MH1985PLC113634	ACME STHAPATI LIMITED	Director	30/09/2011	15/01/2011	-	Active	NO
16	U45200MH1991PTC063199	ACME SHELTERS PRIVATE LIMITED	Director	29/09/2011	15/01/2011	-	Active	NO
17	U45200MH1991PTC062521	APNAGHAR REALTORS PRIVATE LIMITED	Director	29/09/2011	15/01/2011	-	Active	NO
18	U70100MH1995PTC087973	ASCENT DEVELOPERS PRIVATE LIMITED	Director	29/09/2011	15/01/2011	-	Active	NO
19	U74140MH1986PTC039887	ACME BUILDING DESIGN CONSULTANTS PRIVATE LIMITED	Director	28/09/2011	15/01/2011	-	Active	NO
20	U70100MH1993PTC071753	ACME REALTORS AND BUILDERS PRIVATE LIMITED	Director	29/09/2011	15/01/2011	-	Active	NO
21	U70100MH1986PTC039906	ACME REAL ESTATE PRIVATE LIMITED	Director	28/09/2011	15/01/2011	-	Active	NO
22	U70100MH1995PTC087974	ACME CIVIL ENGINEERING COMPANY PRIVATE LIMITED	Director	29/09/2011	15/01/2011	-	Active	NO
23	U45200MH1994PTC078017	AALAP CONSTRUCTION PRIVATE LIMITED	Director	28/09/2011	15/01/2011	-	Active	NO
24	U67120MH1992PTC066617	TRINITY CONSORTIUM DEVELOPMENT PRIVATE LIMITED	Director	28/04/2011	28/04/2011	-	Active	NO
25	U70100MH2011PTC217683	VASTU PUJAN PROPERTY DEVELOPERS PRIVATE LIMITED	Director	20/05/2011	20/05/2011	-	Active	NO
26	U70102MH2012PTC228926	ACME PROPERTY DEVELOPERS PRIVATE LIMITED	Additional director	23/07/2012	23/07/2012	-	Active	NO
27	U70102MH2011PTC214651	ACME AVENUE INFRASTRUCTURE PRIVATE LIMITED	Additional director	07/08/2012	07/08/2012	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2011

Names of Shareholders	No. of Shares
Pravin H. Doshi	6655
Munish P. Doshi	6612
Neela Pravin Doshi	6314
Pravin H. Doshi HUF	6305
Apnaghar Realtors Private Limited, India	6300
Acme Building Products Private Limited, India	2200
Acme Real Estate Private Limited, India	6300
Aalap Construction Private Limited, India	6300
Acme Realtors and Builders Private Limited, India	4100
Acme Building Design Consultants Private Limited, India	4300
Wellbuild Realtors Private Limited, India	2100
Ascent Developers Private Limited, India	6300
Rajesh P. Doshi	6304
Rajesh Doshi HUF	9
Pritit Doshi	5
Munish Doshi HUF	10
Alka Doshi	5
Rajesh Doshi jointly with Arvind Chitalia	1
Total	70120

As on 30.09.2011

Equity Share Breakup	Percentage of Holding
Category
Bodies corporate	54.05
Directors or relatives of directors	45.95
Total	100.00

BUSINESS DETAILS

Line of Business :	Subject is engaged in the business of real estate and property development.
Services :	Construction Activity

GENERAL INFORMATION

No. of Employees :

Approximately 25 (In Office)

Bankers :

v Bank of India, Andheri Large Corporate Branch, Bank of India Buil, First Floor, 28, S.V. Road, Andheri (West), Mumbai – 400 058, Maharashtra, India

v The Kapol Co-Operative Bank Limited, 1402/03, Dalamal Tower, 211, Nariman Point, Mumbai – 400 021, Maharashtra, India

v Karnataka Bank Limited, Bandra West Branch, 333/334, Dr. Ambedkar Road, Mumbai – 400 050, Maharashtra, India

v The Kapol Co-Operative Bank Limited, 107, 108 D, Shyam Kamal Building, Near B.N. Agarwal Market, Vile Parle (East), Mumbai – 400 057, Maharashtra, India

v HDFC Bank Limited

Facilities :

Secured Loans	31.03.2011 (Rs. in Millions)	31.03.2010 (Rs. in Millions)
Cash Credit from Banks (Secured by mortgage of Bunglow No.13, Spring CHS Limited, situated at Juhu, at Juhu, Mumbai)	40.343	14.612
From Non-Banking Financial Company (Secured by mortgage of office premises situated at 2^nd Floor, Bhamini Co-operative Housing Society, Acme Ghar, Vile Parle (West), Mumbai – 400056)	31.414	0.000
Vehicle Loans (Secured against Hypothecation of vehicles)	10.076	8.656
Working Capital Finance from Financial Institution
HDFC Limited (Secured against Plot of Land situated at Site Acme Amrut, Vaishali Nagar, Dahisar)	0.000	32.271
Total	81.833	55.539

Unsecured Loans	31.03.2011 (Rs. in Millions)	31.03.2010 (Rs. in Millions)
From Director	0.005	5.000
From Shareholders	66.724	0.000
From Bank and Financial Institutions	0.000	0.430
Inter Corporate Deposits	63.004	61.379
Total	129.733	66.809

Banking Relations :	--
Financial Institutions:	Indiabulls Housing Finance Limited, F-60, Malhotra Building, 2^nd Floor Connaught Place, New Delhi – 110 001, India
Auditors :
Name :	UKG and Associates Chartered Accountants
Address :	B -11, West View, 2^nd Floor, Opposite Swami Narayan Temple, L.N. Road, Dadar (East), Mumbai – 400 014, Maharashtra, India
Tel. No.:	91-22-24129600
Fax No.:	91-22-24100362
E-Mail :	ukgala@vsnl.com
Website :	www.ukgala.com
Income-tax PAN of auditor or auditor's firm :	AABFU2688R
Subsidiaries :	Acme Shelters Private Limited CIN No.: U45200MH1991PTC063199 Ascent Housing Private Limited CIN No.: U45201MH2002PTC136639 Ascent Construction Private Limited CIN No.: U45200MH1995PTC088201 Dharmesh Constructions Private Limited CIN No.: U70100MH1991PTC063058 Trinity Consortium Development Private Limited CIN No.: U67120MH1992PTC066617

CAPITAL STRUCTURE

As on 30.09.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
1200000	Equity Shares	Rs.100/- each	Rs.120.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
70120	Equity Shares	Rs.100/- each	Rs.7.012 millions

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
1200000	Equity Shares	Rs.100/- each	Rs.120.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
70000	Equity Shares	Rs.100/- each	Rs.7.000 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		7.000	7.000	7.000
2] Equity Share Suspense		0.010	0.000	0.000
3] Reserves & Surplus		408.175	351.504	332.838
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		415.185	358.504	339.838
LOAN FUNDS
1] Secured Loans		81.833	55.539	14.925
2] Unsecured Loans		129.733	66.809	76.951
TOTAL BORROWING		211.566	122.348	91.876
DEFERRED TAX LIABILITIES		0.721	0.597	0.000
TOTAL		627.472	481.449	431.714
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		35.602	11.790	2.725
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		165.678	102.525	116.889
DEFERRED TAX ASSETS		0.000	0.000	0.165
CURRENT ASSETS, LOANS & ADVANCES
	Work in Progress/ Inventories	381.757	194.482	516.704
	Sundry Debtors	10.334	7.908	3.732
	Cash & Bank Balances	13.264	26.761	22.123
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	289.351	254.534	192.121
Total Current Assets		694.706	483.685	734.680
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	18.424	15.391	25.937
	Other Current Liabilities	248.913	101.048	396.808
	Provisions	1.177	0.112	0.000
Total Current Liabilities		268.514	116.551	422.745
Net Current Assets		426.192	367.134	311.935
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		627.472	481.449	431.714

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Sales and Income from operations	189.491	581.856	6.261
		Other Income	1.157	1.036	0.285
		Closing Stock of Flat/ Work in Progress	376.513	194.482	516.704
		TOTAL (A)	567.161	777.374	523.250
Less	EXPENSES
		Opening work in progress brought forward	214.394	495.709	319.955
		Opening Stock			10.657
		Property development Expenses			139.445
		Personnel Expenses	290.796 (Including financial and depreciation)	245.837 (Including financial and depreciation)	17.212
		Establishment and Administrative Expenses			12.294
		Selling Expenses			4.635
		TOTAL (B)	505.190	741.546	504.198
	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)				19.052
Less	FINANCIAL EXPENSES (D)				2.073
	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)				16.979
Less/ Add	DEPRECIATION/ AMORTISATION (F)				0.771
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)		61.971	35.828	16.208
Less	TAX (H)		3.225	17.162	3.541
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)		58.746	18.666	12.667
	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		334.254	315.588	302.921
	BALANCE CARRIED TO THE B/S		390.925	334.254	315.588
	Earnings/(Loss) Per Share (Rs.)		839.23	266.66	180.96

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	10.36	2.40	2.42
Net Profit Margin (PBT/Sales)	(%)	32.70	6.16	258.87
Return on Total Assets (PBT/Total Assets}	(%)	8.49	7.23	2.20
Return on Investment (ROI) (PBT/Networth)		0.15	0.10	0.05
Debt Equity Ratio (Total Liability/Networth)		1.16	0.67	1.51
Current Ratio (Current Asset/Current Liability)		2.59	4.15	1.74

LOCAL AGENCY FURTHER INFORMATION

Check List by Info Agents	Available in Report (Yes / No)
1) Year of Establishment	Yes
2) Locality of the firm	Yes
3) Constitutions of the firm	Yes
4) Premises details	No
5) Type of Business	Yes
6) Line of Business	Yes
7) Promoter’s background	Yes
8) No. of employees	Yes
9) Name of person contacted	No
10) Designation of contact person	No
11) Turnover of firm for last three years	Yes
12) Profitability for last three years	Yes
13) Reasons for variation <> 20%	--
14) Estimation for coming financial year	No
15) Capital in the business	Yes
16) Details of sister concerns	Yes
17) Major suppliers	No
18) Major customers	No
19) Payments terms	No
20) Export / Import details (if applicable)	No
21) Market information	--
22) Litigations that the firm / promoter involved in	--
23) Banking Details	Yes
24) Banking facility details	Yes
25) Conduct of the banking account	--
26) Buyer visit details	--
27) Financials, if provided	Yes
28) Incorporation details, if applicable	Yes
29) Last accounts filed at ROC	No
30) Major Shareholders, if available	Yes
31) Date of Birth of Proprietor/Partner/Director, if available	Yes
32) PAN of Proprietor/Partner/Director, if available	Yes
33) Voter ID No of Proprietor/Partner/Director, if available	No
34) External Agency Rating, if available	No

Bankers Charges Report as per Registry

Corporate identity number of the company	U45102MH2001PTC131675
Name of the company	ACME HOUSING INDIA PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	Acme Ghar, Khandubhai Desai Road, Vile Parle (West), Mumbai - 400 056, Maharashtra, India E-Mail: ulka@acmehousing.com
This form is for	Creation of charge
Type of charge	Immovable Property
Particular of charge holder	Bank of India, Andheri Large Corporate Branch, Bank of India Buil, First Floor, 28, S.V. Road, Andheri (West), Mumbai – 400 058, Maharashtra, India E-Mail: sheela.sail@bankofindia.co.in
Nature of instrument creating charge	Memorandum of Entry
Date of instrument Creating the charge	29.03.2012
Amount secured by the charge	Rs.250.000 millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest: 14.75% Terms of Repayment: Repayment will be in three Installments on 30.06.2015 @ Rs.83.333 millions and on 30.09.2015 and 30.12.2015 @ Rs.83.333 millions each. Margin: 50% Extent and Operation of the charge: Equitable Mortgage to secure term loan for Rs.250.000 millions
Short particulars of the property charged	All that piece or Parcel of vacant land/property bearing CTS No.170. S. No.16 (Pt.) and 19 (Pt.) Akurli Village, Taluka- Salsette/ Borivali of Mumbai City

FIXED ASSETS:

v Goodwill on Construction

v Office Premises

v Computers

v Furniture and Fixtures

v Motor Car

v Office Equipments

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 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 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.54.96
UK Pound	1	Rs.87.10
Euro	1	Rs.70.03

INFORMATION DETAILS

Report Prepared by :

SMN

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	-

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.