MIRA INFORM REPORT

Report Date :

11.09.2012

IDENTIFICATION DETAILS

Name :	GARDENIA AIMS DEVELOPERS PRIVATE LIMITED
Registered Office :	R-19, 3rd floor, Near Shakarpur, Laxmi Nagar, Vikas Marg, Delhi – 110092
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	29.09.2009
Com. Reg. No.:	55-194776
Capital Investment / Paid-up Capital :	Rs.0.700 Million
CIN No.: [Company Identification No.]	U70101DL2009PTC194776
TAN No.: [Tax Deduction & Collection Account No.]	DELG12197D
PAN No.: [Permanent Account No.]	AADCG5568K
Legal Form :	Private Limited Liability Company
Line of Business :	Real Estate 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 2000
Status :	Recently commence business activity
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Though the company was incorporated in the year 2009. But recently started their business operation. Networth appears to be strong. Trade relations are reported to be fair. Business is active. Payments are reported to be unknown. The company can be considered for business dealing with some caution

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – 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

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	Long Term rating = B+
Rating Explanation	Having high risk of default regarding timely servicing of financial obligation
Date	March 2012

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 :	R-19, 3^rd floor, Near Shakarpur, Laxmi Nagar, Vikas Marg, Delhi – 110092, India
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	roc@kkcca.in ca.rjkagg@yahoo.com

DIRECTORS

As on 30.09.2011

Name :

Mr. Ajay Kumar

Designation :

Director

Address :

E-47, Sector -40, Noida – 201303, Uttar Pradesh, India

Date of Birth/Age :

15.11.1966

Date of Appointment :

29.09.2009

DIN No.:

00199794

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	U00500BR1998PTC008495	TILERS ENGICON PRIVATE LIMITED	Director	11/6/1998	11/6/1998	-	Active	NO
2	U45200BR1998PTC008597	ARANYA PROPERTIES PRIVATE LIMITED	Director	17/09/1998	17/09/1998	-	Active	NO
3	U45201DL2004PTC129673	MAXBLIS CONSTRUCTION PRIVATE LIMITED	Director	5/10/2004	5/10/2004	-	Active	NO
4	U45201DL2005PTC143809	HI-TECH CITY DEVELOPERS PRIVATE LIMITED	Director	19/12/2005	19/12/2005	-	Active	NO
5	U45201RJ2005PTC020144	SANGAM COLONIZERS PRIVATE LIMITED	Director	18/05/2006	8/5/2006	-	Active	NO
6	U70101DL2009PTC187741	GARDENIA SHELTERS PRIVATE LIMITED	Director	1/8/2009	1/8/2009	-	Active	NO
7	U70101DL2009PTC194776	GARDENIA AIMS DEVELOPERS PRIVATE LIMITED	Director	29/09/2009	29/09/2009	-	Active	NO
8	U70109DL2010PTC201695	AIMS MAX GARDENIA DEVELOPERS PRIVATE LIMITED	Director	19/04/2010	19/04/2010	-	Active	NO
9	U45400DL2010PTC208509	VMAX CONSTRUCTIONS PRIVATE LIMITED	Director	21/09/2010	21/09/2010	-	Active	NO
10	U70101RJ2012PTC037836	OM SAI RAM REALMART PRIVATE LIMITED	Director	8/5/2012	8/5/2012	-	Active	NO

Name :

Mr. Manoj Kumar Ray

Designation :

Director

Address :

A-218, Mangal Apartments, Vasundra Enclave, New Delhi – 110096, India

Date of Birth/Age :

01.01.1967

Date of Appointment :

29.09.2009

DIN No.:

00251033

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	U45202DL2003PTC122513	HRC ENGINEERS ESTATE PRIVATE LIMITED	Director	27/11/2003	27/11/2003	31/03/2010	Dormant	NO
2	U51397DL2005PTC134022	MANAK HEALTHCARE CONCEPTS PRIVATE LIMITED	Director	15/03/2005	15/03/2005	-	Active	NO
3	U45201DL2005PTC134021	MANAK BUILDCON PROJECTS PRIVATE LIMITED	Managing director	15/03/2005	15/03/2005	-	Active	NO
4	U00892DL2005PTC137410	LIPI SOFTECH PRIVATE LIMITED	Director	9/6/2005	9/6/2005	-	Active	NO
5	U72200DL2005PTC137411	M N SOFTECH PRIVATE LIMITED	Director	9/6/2005	9/6/2005	-	Active	NO
6	U25202DL2005PTC137414	N P R PACKTECH PRIVATE LIMITED	Managing director	9/6/2005	9/6/2005	-	Active	NO
7	U72200DL2005PTC137412	MANAK SOFTECH PRIVATE LIMITED	Managing director	9/6/2005	9/6/2005	-	Active	NO
8	U45201DL2005PTC137413	LIPI BUILDCON PRIVATE LIMITED	Managing director	9/6/2005	9/6/2005	-	Active	NO
9	U72200DL2005PTC143715	SUNSHINE INFOSOLUTIONS PRIVATE LIMITED	Managing director	15/12/2005	15/12/2005	-	Active	NO
10	U51909DL2005PTC143714	KASHYAP MULTITRADE PRIVATE LIMITED	Managing director	15/12/2005	15/12/2005	-	Active	NO
11	U67190DL2005PTC143717	F2F INVESTMENT ADVISORS PRIVATE LIMITED	Managing director	15/12/2005	15/12/2005	-	Active	NO
12	U72200DL2005PTC144224	EVERSHINE INFOSOLUTIONS PRIVATE LIMITED	Managing director	29/12/2005	29/12/2005	-	Active	NO
13	U45200DL2007PLC158102	GARDENIA INDIA LIMITED	Managing director	18/01/2007	18/01/2007	-	Active	NO
14	U45201DL2006PTC168397	FUTEC SHELTERS PRIVATE LIMITED	Additional director	2/2/2009	2/2/2009	-	Active	NO
15	U70101DL2009PTC187741	GARDENIA SHELTERS PRIVATE LIMITED	Director	18/02/2009	18/02/2009	-	Active	NO
16	U70109DL2009PTC193115	GARDENIA INFRA PRIVATE LIMITED	Director	12/8/2009	12/8/2009	-	Converted to LLP and dissolved	NO
17	U70101DL2009PTC194776	GARDENIA AIMS DEVELOPERS PRIVATE LIMITED	Director	29/09/2009	29/09/2009	-	Active	NO
18	U70200DL2010PTC198360	GARDENIA HOMES PRIVATE LIMITED	Director	27/01/2010	27/01/2010	-	Active	NO
19	U70109DL2010PTC201695	AIMS MAX GARDENIA DEVELOPERS PRIVATE LIMITED	Director	19/04/2010	19/04/2010	-	Active	NO
20	U45400DL2012PTC229780	AMBIT INFRATECH PRIVATE LIMITED	Director	10/1/2012	10/1/2012	-	Active	NO
21	U70109DL2012PTC230427	AMBIT DIGIHOMES PRIVATE LIMITED	Director	23/01/2012	23/01/2012	-	Active	NO
22	U70200DL2012PTC235553	GARDENIA GLOBAL PRIVATE LIMITED	Director	9/5/2012	9/5/2012	-	Active	NO
23	AAA-5271	GARDENIA INFRA LLP	Designated Partner	20/06/2011	20/06/2011	-	Active	NO
24	AAA-7901	AMBIT SHELTERS LLP	Designated Partner	6/2/2012	6/2/2012	-	Active	NO
25	AAB-0588	GARDENIA NEWTECH DEVELOPERS LLP	Designated Partner	9/8/2012	9/8/2012	-	Active	NO

Name :

Mr. Malook Nagar

Designation :

Director

Address :

D-3/10, Vasant Vihar, New Delhi – 110057, India

Date of Birth/Age :

03.07.1965

Date of Appointment :

29.09.2009

DIN No.:

00965691

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	U15203DL2002PTC116598	NAGAR DAIRY PRIVATE LIMITED	Director	22/09/2002	22/09/2002	-	Active	NO
2	U70109DL2006PTC150464	SUN-MOON INFRASTRUCTURE PRIVATE LIMITED.	Director	1/7/2006	1/7/2006	15/12/2008	Active	NO
3	U70109DL2006PTC152733	AIMS PROMOTERS PRIVATE LIMITED	Director	30/08/2006	30/08/2006	-	Active	NO
4	U45400DL2007PTC169591	AIMS INFRASTRUCTURE PRIVATE LIMITED	Director	18/10/2007	18/10/2007	-	Active	NO
5	U70100DL2008PTC175898	CITY HEIGHTS INFRABUILD PRIVATE LIMITED	Director	25/04/2008	25/04/2008	24/02/2009	Active	NO
6	U14210DL2008PTC185134	AIMS MINES AND MINERALS PRIVATE LIMITED	Director	21/11/2008	21/11/2008	-	Active	NO
7	U55101DL2007PTC163647	PINKWOOD PALACE AND RESORTS PRIVATE LIMITED	Director	9/6/2009	9/6/2009	-	Active	NO
8	U70101DL2009PTC187741	GARDENIA SHELTERS PRIVATE LIMITED	Director	1/8/2009	1/8/2009	-	Active	NO
9	U70101DL2009PTC194776	GARDENIA AIMS DEVELOPERS PRIVATE LIMITED	Director	29/09/2009	29/09/2009	-	Active	NO
10	U70109DL2010PTC201695	AIMS MAX GARDENIA DEVELOPERS PRIVATE LIMITED	Director	19/04/2010	19/04/2010	-	Active	NO
11	U70109DL2010PTC202340	AIMS SANYA REALTORS PRIVATE LIMITED	Director	6/5/2010	6/5/2010	-	Active	NO
12	U70101DL2010PTC202339	AIMS SANYA DEVELOPERS PRIVATE LIMITED	Director	6/5/2010	6/5/2010	-	Active	NO
13	U70100DL2010PTC209384	AIMS GOLF TOWN DEVELOPERS PRIVATE LIMITED	Director	15/10/2010	15/10/2010	-	Active	NO
14	U70101DL2011PTC212433	AIMS RG ANGEL PROMOTERS PRIVATE LIMITED	Director	11/1/2011	11/1/2011	-	Active	NO
15	U70100MH2011PTC219360	KAMLA AIMS HOUSING AND CONSTRUCTION PRIVATE LIMITED	Additional director	10/1/2012	10/1/2012	-	Active	NO

Name :

Mr. Sanjeev Kumar

Designation :

Director

Address :

G-3, Plot No 170, Sector 4 Vaishali, Ghaziabad – 201001, Uttar Pradesh, India

Date of Birth/Age :

01.01.1972

Date of Appointment :

29.09.2009

DIN No.:

01212055

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	U45201UP2004PTC029364	SHALIMAR COLONISERS PRIVATE LIMITED	Director	18/11/2005	18/11/2005	-	Active	NO
2	U45200DL2007PLC158102	GARDENIA INDIA LIMITED	Director	18/01/2007	18/01/2007	-	Active	NO
3	U70102DL2007PTC166949	ALL INDIA DEVELOPERS CONSORTIUM PRIVATE LIMITED	Director	13/08/2007	13/08/2007	-	Active	NO
4	U45201DL2006PTC168397	FUTEC SHELTERS PRIVATE LIMITED	Additional director	2/2/2009	2/2/2009	-	Active	NO
5	U70101DL2009PTC187741	GARDENIA SHELTERS PRIVATE LIMITED	Director	18/02/2009	18/02/2009	-	Active	NO
6	U70109DL2009PTC193115	GARDENIA INFRA PRIVATE LIMITED	Director	12/8/2009	12/8/2009	-	Converted to LLP and dissolved	NO
7	U70101DL2009PTC194776	GARDENIA AIMS DEVELOPERS PRIVATE LIMITED	Director	29/09/2009	29/09/2009	-	Active	NO
8	U70200DL2010PTC198358	GARDENIA CORPORATION PRIVATE LIMITED	Director	27/01/2010	27/01/2010	-	Active	NO
9	U70109DL2010PTC201695	AIMS MAX GARDENIA DEVELOPERS PRIVATE LIMITED	Director	19/04/2010	19/04/2010	-	Active	NO
10	U45400DL2011PTC228032	EUPHORIA SPORTS CITY PRIVATE LIMITED	Director	28/11/2011	28/11/2011	-	Active	NO
11	AAA-5271	GARDENIA INFRA LLP	Designated Partner	20/06/2011	20/06/2011	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2011

Names of Shareholders	No. of Shares
Gardenia India Limited, India	27000
Aims Promoters Private Limited, India	26000
Maxblis Construction Private Limited, India	17000
Relcon Infraprojects Private Limited, India	10000
Quality Construction Company, India	10000
Michigan Engineers Private Limited, India	10000
Total	100000

As on 27.01.2012

Names of Allottee	No. of Shares Allotted
Gardenia India Limited, India	13125000
Aims Promoters Private Limited, India	13125000
Maxblis Construction Private Limited, India	8750000
Total	35000000

As on 30.09.2011

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Bodies corporate	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Real Estate Developers

GENERAL INFORMATION

No. of Employees :	Not Available
Bankers :	Oriental Bank of Commerce (Lead Bank of Consortium), Harsha Bhawan, E-Block, Connaught Place, New Delhi - 110001, India

Banking Relations :	--
Auditors :
Name :	Keshari Keshari and Company Chartered Accountants
Address :	C-167, Sector-19, Noida – 201301, Uttar Pradesh, India
Tel. No.:	91-120-4312652
Mobile No.:	91-9810109647
Fax No.:	91-120-4546583
E-Mail :	kkc.indiaca@gmail.com
PAN.:	AADFK6362Q

CAPITAL STRUCTURE

After 30.09.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
35100000	Equity Shares	Rs.10/- each	Rs.351.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
35100000	Equity Shares	Rs.10/- each	Rs.351.000 Millions

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
100000	Equity Shares	Rs.10/- each	Rs.1.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
100000	Equity Shares	Rs.10/- each	Rs.1.000 Million
30000	Less : Calls in Arrears	Rs.10/- each	Rs.0.300 Million
	Total		Rs.0.700 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		0.700	0.700
2] Share Application Money		0.000	43.560
3] Reserves & Surplus		0.000	0.000
4] (Accumulated Losses)		(0.073)	0.000
NETWORTH		0.627	44.260
LOAN FUNDS
1] Secured Loans		0.000	0.000
2] Unsecured Loans		0.000	0.000
TOTAL BORROWING		0.000	0.000
DEFERRED TAX LIABILITIES		0.000	0.000
TOTAL		0.627	44.260
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		20.884	2.901
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	32.496	9.747
	Other Current Assets	1542.105	409.494
	Loans & Advances	700.893	169.911
Total Current Assets		2275.494	589.152
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	46.673	7.979
	Other Current Liabilities	2304.523	539.839
	Provisions	0.074	0.000
Total Current Liabilities		2351.270	547.818
Net Current Assets		(75.776)	41.334
MISCELLANEOUS EXPENSES		55.519	0.025
TOTAL		0.627	44.260

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010
	SALES
		Income	1506.537	399.734
		Other Income
		TOTAL	1506.537	399.734
Less	EXPENSES
		Office Expenses
		Administrative Expenses	1506.537	399.734
		Advertising Expenses
		TOTAL	1506.537	399.734
	PROFIT BEFORE TAX		0.000	0.000
Less	TAX		0.000	0.000
	PROFIT AFTER TAX		0.000	0.000
	Earnings Per Share (Rs.)		0.00	0.00

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010
PAT / Total Income	(%)	0.00	0.00
Return on Total Assets (PBT/Total Assets}	(%)	0.00	0.00
Return on Investment (ROI) (PBT/Networth)		0.00	0.00
Debt Equity Ratio (Total Liability/Networth)		3750.03	12.38
Current Ratio (Current Asset/Current Liability)		0.67	1.08

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 two years	Yes
12]	Profitability for last two 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	No
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]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

Note:

The registered office of the company has been shifted from Chember No-2, Lower Ground Floor, 61, Vinobha Puri, Lajpat Nagar, New Delhi -110024, India to present address w.e.f.07.01.2011

OPERATION

During the year the company commenced its operations. The working of the company during the year resulted in Net Loss of Rs Nil (Previous year Loss Nil) .The directors have decided not to recommend any dividend during the year.

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	U70101DL2009PTC194776
Name of the company	GARDENIA AIMS DEVELOPERS PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	R-19, 3rd Floor, Near Shakarpur, Laxmi Nagar, Vikas Marg, Delhi – 110092,India ca.rajkagg@yahoo.com
This form is for	Creation of charge
Type of charge	· Immovable property · Book debts · Movable property (not being pledge) · Others (Personal Guarantee and Corporate Guarantee)
Particular of charge holder	Oriental Bank of Commerce (Lead Bank of Consortium), Harsha Bhawan, E-Block, Connaught Place, New Delhi - 110001, India bm0007@obc.co.in
Nature of instrument creating charge	Instruments of Hypothecation of Movable Assets Date-13.01.2012 Agreement of Assignment Date-13.01.2012 Corporate Guarantee Date -13.01.2012 Term Loan Facility Agreement Date -13.01.2012
Date of instrument Creating the charge	13.01.2012
Amount secured by the charge	Rs.1340.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest OBC-5% over base rate (Presently 15.75% p.a. payable at monthly rest) Corporation Bank- BR+5.10%(Presently 15.75% p.a. payable at monthly rest) Bank of India-BR+4.75% (payable at monthly rest). Terms of Repayment Door to Door tenure of 54 months (including moratorium of 30 months & repayment period of 24 months) OBC- Repayment in 8 quarterly installment of Rs 67.500 Millions. Corporation Bank- Repayment in 8 quarterly installment of Rs 56.250 Millions. Bank of India- Repayment in 8 quarterly installment of Rs 43.750 Millions. Margin OBC - 78.50%(minimum) Corporation Bank - 78.43% (including advances from customer) Bank Of India- 78.43% (including advances from customer) Extent and Operation of the charge Loan of Rs.1340.000 Millions santioned under Consortium with OBC as lead banker as follows- OBC – Rs.540.000 Millions Corporation Bank – Rs.450.000 Millions Bank of India – Rs.350.000 Millions The credit facilities shall be secured by collateral details mentioned in Column 15 below, provided that the aforesaid mortgage, assignment and charges shall in all respect rank pari passu amongst the lenders to the extent of their respective loan amounts. Others The above facilities are secured by way of personal guarantee of Manoj Kumar Ray, Sanjeev Kumar, Malook Nagar and Ajay Kumar along with Corporate Guarantee M/s Gardenia India Limited, AIMS Promoter Private Limited, Maxblis Construction Private Limited.
Short particulars of the property or asset(s) charged (including complete address and location of the property)	2nd charge over the project land (located at Plot No. GH-01, Sector 46, Noida, Uttar Pradesh) in favour of OBC consortium (Corp. Bank and BOI) with OBC as lead banker, First charge is with NOIDA authority. A first charge is by way of Hypothecation of raw materials and work in progress, entire movable assets of the borrower, both present and future till the date of last repayment of the facility. First pari passu charge by way of assignment, or creation of security interest of 1. All the rights, title, interest, benefits, claims and demands whatsoever of the company in the permits, approvals, clearances leasehold rights etc. in respect of project being financed. 2. All the rights, title, interest, benefits, claims and demands whatsoever of the company in any letter of credit, guarantee, performance bond, corporate guarantee, bank guarantee provided by any party. 3. All receivables, book debts, reserves, bank accounts including the Escrow account and all other incomes, present and future pertaining to the project being financed. 4. All insurance contracts/insurance proceeds.

Fixed Assets

· Plant and Machinery

· Computer and peripherals

· Furniture and Fixtures

· Office Equipments

· Vehicle

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.55.34
UK Pound	1	Rs.88.50
Euro	1	Rs.70.74

INFORMATION DETAILS

Report Prepared by :

NTH

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	NO
--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.