MIRA INFORM REPORT

Report Date :

25.10.2012

IDENTIFICATION DETAILS

Name :	HUBTOWN BUS TERMINAL (MEHSANA) PRIVATE LIMITED [w.e.f. 16.08.2012]
Formerly Known As :	AKRUTI CITY BUS TERMINAL (MEHSANA) PRIVATE LIMITED [w.e.f.20.03.2010] AKRUTI CITY BUS TERMINAL (MEHSANA) LIMITED [w.e.f. 20.06.2008] AKRUTI CITY BUS TERMINAL (MEHSANA) PRIVATE LIMITED
Registered Office :	GSRTC Quarters Class-II, Block No. 2, Ground Floor, Behind Vibhagiya Kacheri, Modhera Crossing, Mehsana-384002, Gujarat
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	21.04.2008
Com. Reg. No.:	04-069638
Capital Investment / Paid-up Capital :	Rs.3.500 Millions
CIN No.: [Company Identification No.]	U45400GJ2008PTC069638
Legal Form :	Private Limited Liability Company
Line of Business :	Builders and Developers.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (27)

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

Maximum Credit Limit :	USD 1070000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. Trade relations are reported to be fair. Business is active. Payments are reported to be slow but correct. The company can be considered for business dealings with slight 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 – 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 Office :	GSRTC Quarters Class-II, Block No. 2, Ground Floor, Behind Vibhagiya Kacheri, Modhera Crossing, Mehsana-384002, Gujarat, India
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	chetan.mody@hubtown.co.in

DIRECTORS

AS ON 25.08.2011

Name :

Mr. Bharat Nandlal Mody

Designation :

Director

Address :

304, Amrut Baug, Pestom Sagar Road, Amar Mahal, Chembur, Mumbai-400089, Maharashtra, India

Date of Birth/Age :

09.10.1959

Date of Appointment :

27.02.2010

Din No.:

00134632

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	U74100MH2004PTC144761	SKP CROSS BORDER CONSULTING PRIVATE LIMITED	Managing director	04/04/2007	27/02/2004	31/10/2007	Active	NO
2	U72200PN2004PTC019900	SERVISTA TECHNOLOGIES INDIA PRIVATE LIMITED	Director	02/11/2004	02/11/2004	25/10/2007	Under liquidation	NO
3	U72200PN1999PTC016657	TIGER INFOTECH PRIVATE LIMITED	Director	10/01/2005	10/01/2005	-	Dormant	NO
4	U72900MH2005PTC153680	INFORMATION SOLUTIONS (INDIA) PRIVATE LIMITED	Director	01/06/2005	01/06/2005	-	Dormant	NO
5	U74910MH2005PTC157792	OFER SHIPS MANAGEMENT INDIA PRIVATE LIMITED	Director	05/12/2005	05/12/2005	24/08/2007	Active	NO
6	U63090MH2006PTC159090	MARIMED SHIPPING (INDIA) PRIVATE LIMITED	Director	19/01/2006	19/01/2006	15/09/2007	Active	NO
7	U72200HR2006PTC037011	SERCO INDIA PRIVATE LIMITED	Director	27/02/2006	27/02/2006	20/11/2007	Active	NO
8	U24230MH1999PTC121742	PHARMA HEALTH CARE (INDIA) PRIVATE LIMITED	Director	30/09/2006	31/03/2006	22/10/2007	Active	NO
9	U24297MH2006PTC164615	SAATI INDIA PRIVATE LIMITED	Director	15/09/2006	15/09/2006	22/10/2007	Active	NO
10	U72200MH2006PTC165916	ASSET CONTROL SERVICES PRIVATE LIMITED	Director	01/12/2006	01/12/2006	-	Strike off	NO
11	U72200PN2006PTC131055	SYNCHRO CAST METAL SOFTWARE SYSTEMS PRIVATE LIMITED	Director	05/12/2006	05/12/2006	22/10/2007	Active	NO
12	U64204MH2007PTC167029	NOTTING HILL MEDIA PRIVATE LIMITED	Director	16/01/2007	16/01/2007	24/08/2007	Active	NO
13	U80902DL2007PTC158013	NOBLE MANHATTAN COACHING PRIVATE LIMITED	Director	17/01/2007	17/01/2007	22/10/2007	Strike off	NO
14	U29253MH2007PTC167982	GANTREX INDIA CRANE RAILS PRIVATE LIMITED	Director	20/02/2007	20/02/2007	22/10/2007	Active	NO
15	U55209MH2007PTC168272	PALATE FOODS PRIVATE LIMITED	Director	01/03/2007	01/03/2007	20/04/2007	Active	NO
16	U36912MH2007PTC169744	B. V. DIAMONDS PRIVATE LIMITED	Director	07/04/2007	07/04/2007	24/10/2007	Active	NO
17	U72200AP2007PTC055322	HYPERFACTORY IT SERVICES INDIA PRIVATE LIMITED	Director	30/08/2007	30/08/2007	24/08/2009	Active	NO
18	U11200MH2007PTC173778	MIGAS EQUIPMENT INDIA PRIVATE LIMITED	Director	03/09/2007	03/09/2007	-	Strike off	NO
19	U80300UP2007PTC044010	THIEME MEDICAL AND SCIENTIFIC PUBLISHERS PRIVATE LIMITED	Director	06/09/2007	06/09/2007	13/11/2007	Active	NO
20	U45200MH2008PLC177979	ASMEETA INFRATECH LIMITED	Additional director	29/07/2008	29/07/2008	31/07/2009	Active	NO
21	U45201MH2006PTC165057	SUPERACTION REALTY PRIVATE LIMITED	Director	28/09/2009	01/03/2009	-	Active	NO
22	U45201MH2006PTC165081	BIGCITY DEVELOPERS PRIVATE LIMITED	Director	28/09/2009	01/03/2009	-	Active	NO
23	U74140MH2008PTC188373	EXCITING CONSULTANCY PRIVATE LIMITED	Director	31/10/2009	01/04/2009	-	Active	NO
24	U45201MH2006PTC165058	NOVA REALTY PRIVATE LIMITED	Director	28/09/2009	01/04/2009	-	Active	NO
25	U51109MH2008PTC188452	CETOGORY TRADING PRIVATE LIMITED	Director	31/10/2009	01/04/2009	13/07/2012	Active	NO
26	U74140MH2008PTC188454	CATEGORY CONSULTANCY PRIVATE LIMITED	Director	31/10/2009	01/04/2009	13/07/2012	Active	NO
27	U45202MH2008PTC185408	VINCA DEVELOPER PRIVATE LIMITED	Director	30/12/2009	06/06/2009	-	Active	NO
28	U45203MH2008PTC185308	FOURJONE REALTORS PRIVATE LIMITED	Director	30/12/2009	06/06/2009	-	Active	NO
29	U01122MH2006PTC163518	HEDDLE KNOWLEDGE PRIVATE LIMITED	Director	30/09/2009	14/06/2009	-	Active	NO
30	U45201MH2006PTC165062	DISTINCTIVE REALTY PRIVATE LIMITED	Director	20/09/2010	05/07/2009	13/07/2012	Active	NO
31	U45400MH2009PTC195621	SOLIDITY DEVELOPERS PRIVATE LIMITED	Additional director	24/09/2009	24/09/2009	16/03/2010	Active	NO
32	U70102MH2009PTC195945	GOLDSTREAM PROPERTIES PRIVATE LIMITED	Director	27/10/2010	24/09/2009	-	Active	NO
33	U45202MH2009PTC191711	CITYWOOD BUILDERS PRIVATE LIMITED	Director	30/09/2010	20/10/2009	-	Active	NO
34	U70100MH1995PTC087713	DIVINITI PROJECTS PRIVATE LIMITED	Director	13/09/2010	20/10/2009	-	Active	NO
35	U70100MH1995PLC092701	HOLIAC REALTY LIMITED	Director	13/09/2010	20/10/2009	-	Active	NO
36	U67190MH2007PTC172391	INDIA DEVELOPMENT AND CONSTRUCTION VENTURE CAPITAL PRIVATE LIMITED	Director	14/09/2010	20/10/2009	-	Active	NO
37	U67190MH2007PTC172390	ABP REALTY ADVISORS PRIVATE LIMITED	Director	14/09/2010	20/10/2009	-	Active	NO
38	U70102GJ2007PLC050966	GUJARAT AKRUTI - TCG BIOTECH LIMITED	Director	13/09/2010	28/10/2009	-	Active	NO
39	U51100MH1996PLC100876	HOARY REALTY LIMITED	Director	30/09/2010	20/01/2010	-	Active	NO
40	U45200MH2008PTC182107	REFRESH BUILDCON PRIVATE LIMITED	Director	21/09/2010	27/02/2010	-	Active	NO
41	U45200MH2008PTC182620	LILAC REALTY PRIVATE LIMITED	Director	28/09/2010	27/02/2010	-	Active	NO
42	U70102MH2009PTC196491	MOONZONE DEVELOPERS PRIVATE LIMITED	Director	28/10/2010	27/02/2010	-	Active	NO
43	U45400GJ2008PTC069638	HUBTOWN BUS TERMINAL (MEHSANA) PRIVATE LIMITED	Director	20/09/2010	27/02/2010	-	Active	NO
44	U45200MH1992PTC066108	ICHHA CONSTRUCTIONS PRIVATE LIMITED	Director	27/02/2010	27/02/2010	-	Active	NO
45	U45203MH2008PTC180951	HUBTOWN BUS TERMINAL (SURAT) PRIVATE LIMITED	Director	20/09/2010	27/02/2010	-	Active	NO

Name :

Mr. Jaydeep Janak Bakshi

Designation :

Additional Director

Address :

C-82, Shatdal, 5^th Floor, Azad Lane, Andheri (West), Mumbai-400058, Maharashtra, India

Date of Birth/Age :

11.09.1970

Date of Appointment :

19.01.2011

Din No.:

01892939

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	Company/ LLP Status	Defaulting status
1	U45200MH2006PTC160048	HEM INFRASTRUCTURE AND PROPERTY DEVELOPERS PRIVATE LIMITED	Director	19/09/2008	27/11/2007	Active	NO
2	U92199DL2002PLC114253	UNITECH AMUSEMENT PARKS LIMITED	Additional director	11/04/2011	28/04/2008	Active	NO
3	U92199DL2002PTC114139	INTERNATIONAL RECREATION PARKS PRIVATE LIMITED	Nominee director	11/04/2011	28/04/2008	Active	NO
4	U45200MH2006PTC161067	ISLAND STAR MALL DEVELOPERS PRIVATE LIMITED	Director	31/08/2011	28/10/2010	Active	NO
5	U70100MH2006PTC159708	DB (BKC) REALTORS PRIVATE LIMITED	Nominee director	28/10/2010	28/10/2010	Active	NO
6	U55200MH2000PTC124192	OFFBEAT DEVELOPERS PRIVATE LIMITED	Director	31/08/2011	03/11/2010	Active	NO
7	U70109DL2006PTC155922	EMERALD LANDS (INDIA) PRIVATE LIMITED	Director	30/09/2011	18/11/2010	Active	NO
8	U45201MH2007PTC174797	HBS PHARMA SEZ PRIVATE LIMITED	Nominee director	27/12/2010	27/12/2010	Active	NO
9	U70102MH2000PTC126999	RARE TOWNSHIPS PRIVATE LIMITED	Director	21/09/2011	28/12/2010	Active	NO
10	U45203GJ2008PTC069640	HUBTOWN BUS TERMINAL (VADODARA) PRIVATE LIMITED	Director	25/08/2011	19/01/2011	Active	NO
11	U45400GJ2008PTC069638	HUBTOWN BUS TERMINAL (MEHSANA) PRIVATE LIMITED	Director	25/08/2011	19/01/2011	Active	NO
12	U45203GJ2008PTC069636	HUBTOWN BUS TERMINAL (ADAJAN) PRIVATE LIMITED	Director	25/08/2011	19/01/2011	Active	NO
13	U70100MH2005PTC155359	WADHWA RESIDENCY PRIVATE LIMITED	Additional director	19/12/2011	19/12/2011	Active	NO
14	U60200GJ2009PTC058763	HUBTOWN BUS TERMINAL (AHMEDABAD) PRIVATE LIMITED	Additional director	13/02/2012	13/02/2012	Active	NO
15	U70109MH2010PTC200069	YAMUNA REALTY PRIVATE LIMITED	Director	25/09/2012	25/04/2012	Active	NO
16	U45400MH2008PTC187022	WONDERVALUE REALTY DEVELOPERS PRIVATE LIMITED	Nominee director	04/06/2012	04/06/2012	Active	NO

Name :

Mr. Rajiv Maheswari

Designation :

Additional Director

Address :

503 B, Tower 2, Dheeraj Gaurav Heights, Andheri Link Road, Andheri, Mumbai-400053, Maharashtra, India

Date of Birth/Age :

21.04.1966

Date of Appointment :

19.01.2011

Din No.:

01371526

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	U45202PN2001PTC016236	KAKADE CONSTRUCTIONS COMPANY PRIVATE LIMITED	Nominee director	03/02/2007	03/02/2007	-	Active	NO
2	U70102AP2006PTC051181	DSL INFRASTRUCTURE AND SPACE DEVLOPERS PRIVATE LIMITED	Director	07/08/2007	07/08/2007	-	Active	NO
3	U70100MH2006PTC159201	SUYOG REALTORS PRIVATE LIMITED	Director	03/05/2008	03/05/2008	04/06/2012	Active	NO
4	U45202MH2009PTC192761	SRM SITES PRIVATE LIMITED	Nominee director	28/10/2009	28/10/2009	-	Active	NO
5	U70102DL2007PTC160904	ATS ESTATES PRIVATE LIMITED	Director	03/09/2011	28/10/2010	-	Active	NO
6	U45208WB2008PTC129899	EDENCITY PROJECTS PRIVATE LIMITED	Director	05/08/2011	15/11/2010	-	Active	NO
7	U45200MH2008PTC186810	RUNWAL PROJECTS PRIVATE LIMITED	Director	30/09/2011	22/11/2010	-	Active	NO
8	U45400MH2008PTC187022	WONDERVALUE REALTY DEVELOPERS PRIVATE LIMITED	Nominee director	07/12/2010	07/12/2010	04/06/2012	Active	NO
9	U70102AP2007PLC056526	RAMKY INTEGRATED TOWNSHIP LIMITED	Nominee director	08/12/2010	08/12/2010	-	Active	NO
10	U70102DL2007PLC158578	ANSAL SEZ PROJECTS LIMITED	Nominee director	29/09/2011	13/12/2010	13/04/2012	Active	NO
11	U70102DL2007PLC158377	ANSAL TOWNSHIPS INFRASTRUCTURE LIMITED	Nominee director	29/09/2011	13/12/2010	-	Active	NO
12	U45200TN2007PTC065754	GK INDUSTRIAL PARK PRIVATE LIMITED	Director	14/12/2010	14/12/2010	-	Active	NO
13	U45203GJ2008PTC069640	HUBTOWN BUS TERMINAL (VADODARA) PRIVATE LIMITED	Director	25/08/2011	19/01/2011	-	Active	NO
14	U45400GJ2008PTC069638	HUBTOWN BUS TERMINAL (MEHSANA) PRIVATE LIMITED	Director	25/08/2011	19/01/2011	-	Active	NO
15	U45203GJ2008PTC069636	HUBTOWN BUS TERMINAL (ADAJAN) PRIVATE LIMITED	Director	25/08/2011	19/01/2011	-	Active	NO
16	U70101TN2007PTC065552	PREMIER CHENNAI PROPERTIES PRIVATE LIMITED	Director	15/02/2011	15/02/2011	-	Active	NO
17	U70101KL2005PTC018111	DEWA PROJECTS PRIVATE LIMITED	Nominee director	30/09/2011	23/03/2011	12/06/2012	Active	NO
18	U60200GJ2009PTC058763	HUBTOWN BUS TERMINAL (AHMEDABAD) PRIVATE LIMITED	Additional director	13/02/2012	13/02/2012	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 25.08.2011

Names of Shareholders	No. of ‘A’ Class Equity Shares	No. of ‘B’ Class Equity Shares	No. of ‘C’ Class Shares	No. of ‘D’ Class Shares
Ackruti City Limited, India	50000	--	100000	--
IL and FS Trust Company Limited, India	1395	2790	--	1395
IIRF India Realty VIII Limited, Mauritius	48605	97210	--	48605
TOTAL	100000	100000	100000	50000
TOTAL [A+B+C+D]	350000

AS ON 25.08.2011

Equity Share Breakup	Percentage of Holding
Category
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others]	48.60
Bodies corporate	51.40
TOTAL	100.00

BUSINESS DETAILS

Line of Business :

Builders and Developers.

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

Union Bank of India, Sai Arcade, N.S. Road, Mulund (West), Mumbai-400080, Maharashtra, India

Facilities :

UNSECURED LOAN	As on 31.03.2011 [Rs. in Millions]	As on 31.03.2010 [Rs. in Millions]
From Body Corporate	49.000	36.370
Interest Accrued on Above	4.452	0.921
TOTAL	53.452	37.291

Banking Relations :	--
Auditors :
Name :	Ribadiya and Vekariya Chartered Accountants
Address :	115, Yashwant Shopping Centre, Carter Road No. 7, Opposite Railway Station, Borivali (East), Mumbai-400068, Maharashtra, India
Tel. No.:	91-22-28082896
Fax No.:	91-22-28082896
E-Mail :	casanjavvipul@gmail.com
PAN No:	AALFR6744B
Associates/Subsidiaries :	· Ackruti City Limited · IIRF India Realty Limited

CAPITAL STRUCTURE

AS ON 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
350000	Equity Shares	Rs.10/- each	Rs.3.500 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
350000	Equity Shares	Rs.10/- each	Rs.3.500 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		3.500	0.500	0.500
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		266.144	0.000	0.000
4] (Accumulated Losses)		0.000	(0.128)	(0.050)
NETWORTH		269.644	0.372	0.450
LOAN FUNDS
1] Secured Loans		0.000	0.000	0.000
2] Unsecured Loans		53.452	37.291	0.000
TOTAL BORROWING		53.452	37.291	0.000
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		323.096	37.663	0.450
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.000	0.000	0.000
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	119.411	30.669	0.000
	Sundry Debtors	0.000	0.000	0.080
	Cash & Bank Balances	12.997	13.447	0.366
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	210.397	2.129	0.005
Total Current Assets		342.805	46.245	0.451
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	17.640	6.360	0.023
	Other Current Liabilities	2.069	2.222	0.000
	Provisions	0.000	0.000	0.000
Total Current Liabilities		19.709	8.582	0.023
Net Current Assets		323.096	37.663	0.428
MISCELLANEOUS EXPENSES		0.000	0.000	0.022
TOTAL		323.096	37.663	0.450

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	NA	0.000	0.000
		Other Income	NA	0.139	0.000
		TOTAL	NA	0.139	0.000
Less	EXPENSES
		Cost of Construction	NA	29.807	0.000
		Administrative Expenses	NA	0.054	0.050
		Increase/Decrease in Inventory	NA	(30.668)	0.000
		TOTAL	NA	(0.807) [Including Depreciation]	0.050 [Including Depreciation]
Less	PROFIT / (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		NA	0.946	(0.050)
Less	FINANCIAL EXPENSES		NA	1.024	0.000
	PROFIT / (LOSS) BEFORE TAX		(0.547)	(0.078)	(0.050)
Less	TAX		0.000	0.000	0.000
	PROFIT / (LOSS) AFTER TAX		(0.547)	(0.078)	(0.050)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		NA	(0.050)	0.000
	BALANCE CARRIED TO THE B/S		NA	(0.128)	(0.050)
	Earnings / (Loss) Per Share (Rs.)		(7.78)	(1.56)	--

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	NA	(56.12)	0.00
Net Profit Margin (PBT/Sales)	(%)	NA	0.00	0.00
Return on Total Assets (PBT/Total Assets}	(%)	(0.16)	(0.17)	(11.09)
Return on Investment (ROI) (PBT/Networth)		0.00	(0.21)	(0.11)
Debt Equity Ratio (Total Liability/Networth)		0.27	123.31	0.05
Current Ratio (Current Asset/Current Liability)		17.39	5.39	19.61

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	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	No
9]	Name of person contacted	No
10]	Designation of contact person	No
11]	Turnover of firm for last one year	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	Yes
30]	Major Shareholders, if available	Yes
31]	PAN of Proprietor/Partner/Director, if available	No
32]	Date of Birth 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

FINANCIAL RESULTS:

The company incurred a loss of Rs.0.547 Million (Previous Year Loss Rs.0.078 Million) during the year.

NOTE:

The registered office of the company has been shifted from Akruti Trade Centre, 6^th Floor, Road No. 7, MIDC, Andheri (East), Mumbai-400093, Maharashtra, India to the present address w.e.f. 20.03.2012.

BANKERS CHARGES REPORT AS PER REGISTRY

This form is for	Creation of charge
Corporate identity number of the company	U45400GJ2008PTC069638
Name of the company	HUBTOWN BUS TERMINAL (MEHSANA) PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	GSRTC Quarters Class-II, Block No. 2, Ground Floor, Behind Vibhagiya Kacheri, Modhera Crossing, Mehsana-384002, Gujarat, India
Type of charge	Book Debts Movable Property [not being pledge] Any Interest in Immovable Property Others
Particular of charge holder	Union Bank of India, Sai Arcade, N.S. Road, Mulund (West), Mumbai-400080, Maharashtra, India
Email	cbsmulund@unionbankofindia.com
Nature of description of the instrument creating or modifying the charge	Mortgage Deed without Possession dated September 12, 2012
Date of instrument Creating the charge	12.09.2012
Amount secured by the charge	Rs.500.000 Millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest Base Rate + 3.85% i.e. 14.35 p.a. (Floating) Terms of Repayment The loan will be repaid in 6 quarterly installments of Rs. 83.300 Millions each starting from quarter ending September 2014 till December 2015 after a moratorium period of 27 months from date of first disbursement. The total tenor of the loan is 3 yrs and 9 months. Margin 60% Extent and Operation of the charge As per Mortgage Deed

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 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.53.59
UK Pound	1	Rs.85.81
Euro	1	Rs.69.90

INFORMATION DETAILS

Report Prepared by :

TPT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--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		27

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.