MIRA INFORM REPORT

Report Date :

13.08.2013

IDENTIFICATION DETAILS

Name :	ADVENTZ INVESTMENTS AND HOLDINGS LIMITED
Formerly Known As :	PODDAR HERITAGE INVESTMENTS LIMITED
Registered Office :	Hong Kong House, 31, BBD Bagh (S), P.S. Hare Street, Kolkata-700001, West Bengal
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	10.06.1985
Com. Reg. No.:	21-039055
Capital Investment / Paid-up Capital :	Rs.54.633 Millions
CIN No.: [Company Identification No.]	L51226WB1985PLC039055
TAN No.: [Tax Deduction & Collection Account No.]	CALP04729E
PAN No.: [Permanent Account No.]	AACCP3995N
Legal Form :	A Public Limited Liability Company. The Company’s Shares are Listed on the Stock Exchanges.
Line of Business :	Subject is engaged in Investment and Financing and Rental Business and hence the Company’s business is primarily dependent on Economic Growth, General Market Environment and Congenial Government Policy.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (54)

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

Maximum Credit Limit :	USD 3006000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is a well established and reputed company having a good track record. Financial strength appears to be strong. Liquidity position is good. Trade relations are reported to be fair. Business is active. Payments are reported to be regular 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 – March 31^st, 2013

Country Name	Previous Rating (31.12.2012)	Current Rating (31.03.2013)
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

We are living in a world where volatility and uncertainty have become the New Normal. We saw a change of government in countries like Tunisia, Egypt, Libya and Vietnam. Once powerful countries in Europe are now fighting for bankruptcy. We have taken growth in the developing part of the world for granted but economic growth in China and India has begun to slow. Companies that were synonymous with their product categories just a few years ago are now no longer in existence. Kodak, the inventor of the digital camera had to wind up its operations, HMV, the British entertainment retailing company and Borders, once the second largest bookstore have shut down due to their inability to evolve their business models with the changing time. Readers’ Digest, Thomson Register are no more !

There is another megatrend happening. The World order is changing as economic power shifts from West to East. According to McKinsey study, it took Britain more than 100 years to double its economic output per person during its industrial revolution and the US later took more than 50 years to do the same. More than a century later, China and India have doubled their GDP per capital in 12 and 18 years respectively. By 2020, emerging Asia will become the world’s largest consuming block, overtaking North America.

The years after the outbreak of the global financial crisis, the world economy continues to remain fragile. The Indian economy demonstrated remarkable resilience in the initial years of the contagion but finally lost ground last year. GDP growth slowed down. Currency has been weakening. There is a marked deceleration in agriculture, industry and services. Dampening sentiment led to a cut-back in investment as well as private consumption expenditure.  Inflation remained at high levels fuelled by the pressure from the food and fuel sectors. The large fiscal and current account deficit s continued to cause grave concern. It is imperative that India regains its growth trajectory of 8-9 % sooner than later. This is crucially important given the need to create gainful livelihood opportunities for the millions living in poverty as also the large contingent of young people joining the job market every year.

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 :	Hong Kong House, 31, BBD Bagh (S), P.S. Hare Street, Kolkata-700001, West Bengal, India
Tel. No.:	91-33-22488891
Fax No.:	91-33-22437215
E-Mail :	corp@poddarheritage.com
Website :	http://www.adventz.com
Corporate Office :	Global Business Park, Tower A, 5^th Floor, Sector 26, MG Road, Gurgaon-122002, Haryana, India
Tel. No.:	91-124-4827800

DIRECTORS

AS ON 29.08.2012

Name :

Ms. Saroj Kumar Poddar

Designation :

Chairman cum Managing Director

Address :

2, Gurusadaya Road, Kolkata-700019, West Bengal, India

Date of Birth/Age :

15.09.1945

Date of Appointment :

18.12.1995

Election Commission Identity Car No.:

AFTPP2386N

Din No.:

00008654

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	L28931RJ1984PLC002890	GILLETTE INDIA LIMITED	Director	09/02/1984	09/02/1984	-	Active	NO
2	L85110GJ1975PLC054824	ESSAR PORTS LIMITED	Director	01/08/1984	01/08/1984	20/06/2008	Active	NO
3	L31102DL1957PLC193993	ALSTOM T & D INDIA LIMITED	Director	29/03/1988	29/03/1988	27/07/2009	Active	NO
4	L70101WB1939PLC009800	TEXMACO INFRASTRUCTURE & HOLDINGS LIMITED	Whole-time director	01/04/2009	14/02/1991	-	Active	NO
5	U99999DL1956NPL002635	FEDERATION OF INDIAN CHAMBER OF COMMERCE AND INDUSTRY	Director	11/10/1992	11/10/1992	-	Active	NO
6	L65921GA1967PLC000157	ZUARI GLOBAL LIMITED	Director	16/09/2008	15/05/1993	-	Active	NO
7	L24124RJ1985PLC003293	CHAMBAL FERTILISERS AND CHEMICALS LIMITED	Director	13/02/1995	13/02/1995	-	Active	NO
8	U74899DL1995PLC071074	SIMON INDIA LIMITED	Director	25/07/1995	25/07/1995	-	Active	NO
9	L51226WB1985PLC039055	ADVENTZ INVESTMENTS AND HOLDINGS LIMITED	Director	18/12/1995	18/12/1995	-	Active	NO
10	U65993WB1996PTC079012	ADVENTZ FINANCE PRIVATE LIMITED	Director	18/06/1996	18/06/1996	-	Active	NO
11	U74999DL1982PTC117290	MINING CONSULTANTS (INDIA) PRIVATE LIMITED TRS FROM W.B TO DELHI	Director	24/06/1996	24/06/1996	-	Active	NO
12	U52110WB1997PLC083860	LIONEL INDIA LIMITED	Director	03/04/1997	03/04/1997	-	Active	NO
13	U26942AP2000PLC050415	ZUARI CEMENT LIMITED	Director	25/01/2001	25/01/2001	-	Active	NO
14	U36109MH1999PTC161129	HETTICH INDIA PRIVATE LIMITED	Director	29/01/2001	29/01/2001	-	Active	NO
15	L26942AP1983PLC004257	SRI VISHNU CEMENT LIMITED	Director	18/05/2002	18/05/2002	-	Amalgamated	NO
16	U72200TN2000PLC089255	INDIAN FURNITURE PRODUCTS LIMITED	Director	19/09/2003	19/09/2003	14/06/2011	Active	NO
17	U45200DL2007PLC157223	CHAMBAL INFRASTRUCTURE VENTURES LIMITED	Director	02/01/2007	02/01/2007	-	Active	NO
18	U15490WB2007PLC121159	BENGAL FOODPARK LIMITED	Director	24/12/2007	24/12/2007	23/03/2009	Active	NO
19	U35201WB2009PTC133330	TEXMACO UGL RAIL PRIVATE LIMITED	Director	26/09/2011	27/07/2009	-	Active	NO
20	L29261WB1998PLC087404	TEXMACO RAIL & ENGINEERING LIMITED	Whole-time director	25/09/2010	25/09/2010	-	Active	NO
21	U65910GA2009PLC006177	ZUARI AGRO CHEMICALS LIMITED	Director	07/08/2012	20/05/2011	-	Active	NO
22	U24120GA2009PLC006158	ZUARI FERTILISERS AND CHEMICALS LIMITED	Director	19/09/2011	31/05/2011	-	Active	NO
23	U26941KA2007PLC054428	GULBARGA CEMENT LIMITED	Director	30/09/2011	09/09/2011	-	Active	NO

Name :

Mr. Akshay Poddar

Designation :

Managing Director

Address :

2, Gurusadaya Road, Kolkata-700019, West Bengal, India

Date of Birth/Age :

20.07.1976

Date of Appointment :

12.12.2000

Election Commission Identity Car No.:

AFUPP0096C

Din No.:

00008686

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	U65993WB1996PTC079012	ADVENTZ FINANCE PRIVATE LIMITED	Director	29/07/1997	29/07/1997	-	Active	NO
2	U01132WB1993PLC060495	SYNDAK TEA TECH LTD	Director	09/02/1998	09/02/1998	-	Active	NO
3	L15421WB1952PLC020577	GOBIND SUGAR MILLS LTD.	Director	04/04/2000	04/04/2000	24/08/2012	Active	NO
4	L51226WB1985PLC039055	ADVENTZ INVESTMENTS AND HOLDINGS LIMITED	Managing director	01/04/2010	12/12/2000	-	Active	NO
5	U67120WB1986PTC040276	ABHISHEK HOLDINGS PRIVATE LIMITED	Director	10/01/2001	10/01/2001	-	Active	NO
6	L36993WB1995PLC069510	ADVENTZ SECURITIES ENTERPRISES LIMITED	Director	12/03/2012	28/04/2001	-	Active	NO
7	L28931RJ1984PLC002890	GILLETTE INDIA LIMITED	Director	09/02/2002	09/02/2002	-	Active	NO
8	U24129OR1981PLC001020	PARADEEP PHOSPHATES LIMITED	Nominee director	28/02/2002	28/02/2002	-	Active	NO
9	U51109WB1924PLC004829	LIONEL EDWARDS LIMITED	Director	09/04/2003	09/04/2003	-	Active	NO
10	U55101DL2004PTC127579	PULSE FOODS INDIA PRIVATE LIMITED	Director	14/07/2004	14/07/2004	19/03/2009	Active	NO
11	U55204MH2008PLC182253	PULSE INDAGE HOSPITALITY LIMITED	Director	15/05/2008	15/05/2008	-	Strike off	NO
12	U85300WB1926GAP005585	INDIAN CHAMBER OF COMMERCE CALCUTTA	Director	24/07/2012	30/06/2008	-	Active	NO
13	L70101WB1939PLC009800	TEXMACO INFRASTRUCTURE & HOLDINGS LIMITED	Director	11/09/2008	11/09/2008	-	Active	NO
14	U51109WB1994PTC065332	ADVENTZ SECURITIES TRADING PRIVATE LIMITED	Director	07/09/2009	16/09/2008	-	Active	NO
15	U51909WB1994PTC062183	ADVENTZ INVESTMENT COMPANY PRIVATE LIMITED	Director	07/09/2009	16/09/2008	-	Active	NO
16	U51909WB1993PTC059434	INDRAKSHI TRADING COMPANY PRIVATE LIMITED	Director	25/09/2008	16/09/2008	-	Active	NO
17	U51909WB1993PTC059849	GREENLAND TRADING PRIVATE LIMITED	Director	25/09/2008	16/09/2008	-	Active	NO
18	U36101TN1998PLC039842	STYLE SPA FURNITURE LIMITED	Director	29/05/2009	30/04/2009	-	Active	NO
19	U51909WB2009PLC139640	NEW EROS TRADECOM LIMITED	Nominee director	23/11/2009	23/11/2009	03/08/2011	Active	NO
20	U91990WB1999NPL089828	YPO (CALCUTTA)	Director	30/09/2011	25/03/2011	-	Active	NO
21	L65921GA1967PLC000157	ZUARI GLOBAL LIMITED	Alternate director	09/05/2013	09/05/2011	-	Active	NO
22	L29261WB1998PLC087404	TEXMACO RAIL & ENGINEERING LIMITED	Director	29/08/2012	22/07/2011	-	Active	NO
23	U65910GA2009PLC006177	ZUARI AGRO CHEMICALS LIMITED	Whole-time director	01/04/2012	14/11/2011	-	Active	NO
24	U74999WB2011PTC167754	TOUAX TEXMACO RAILCAR LEASING PRIVATE LIMITED	Additional director	16/06/2012	16/06/2012	-	Active	NO
25	U45309KA2007PLC043161	ZUARI INFRAWORLD INDIA LIMITED	Director	01/05/2013	01/05/2013	-	Active	NO

Name :

Ms. Jyotsna Poddar

Designation :

Director

Address :

2, Gurusadaya Road, Kolkata-700019, West Bengal, India

Date of Birth/Age :

26.07.1950

Date of Appointment :

26.06.1997

Election Commission Identity Car No.:

AFGPP2539E

Din No.:

00055736

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	U01132WB1954PLC021767	NILGIRI PLANTATIONS LIMITED	Director	31/01/1979	31/01/1979	-	Active	NO
2	L15421WB1952PLC020577	GOBIND SUGAR MILLS LIMITED	Managing director	01/10/2008	28/08/1982	23/08/2012	Active	NO
3	U51109WB1924PLC004829	LIONEL EDWARDS LIMITED	Director	01/01/1987	01/01/1987	-	Active	NO
4	U67120WB1987PLC042858	SANGHA SHREE INVESTMENTS & TRADING COMPANY LIMITED	Director	27/12/1990	27/12/1990	-	Active	NO
5	L51909WB1982PLC035358	RONSON TRADERS LIMITED	Director	05/02/1993	05/02/1993	-	Active	NO
6	U67120WB1987PLC043223	YASHOVARDHAN INVESTMENT & TRADING COMPANY LIMITED	Director	04/08/1994	04/08/1994	-	Active	NO
7	U51311MH1996PTC246757	NEXUS MERCANTILE PRIVATE LIMITED	Director	30/07/1996	30/07/1996	-	Active	NO
8	U52110WB1997PLC083860	LIONEL INDIA LIMITED	Director	03/04/1997	03/04/1997	-	Active	NO
9	L51226WB1985PLC039055	ADVENTZ INVESTMENTS AND HOLDINGS LIMITED	Director	26/06/1997	26/06/1997	-	Active	NO
10	U01132WB1993PLC060495	SYNDAK TEA TECH LIMITED	Director	09/02/1998	09/02/1998	-	Active	NO
11	U67120WB1986PTC040276	ABHISHEK HOLDINGS PRIVATE LIMITED	Director	10/01/2001	10/01/2001	-	Active	NO
12	L65921GA1967PLC000157	ZUARI GLOBAL LIMITED	Whole-time director	01/04/2012	15/05/2009	-	Active	NO

Name :

Mr. Satyanarayan Khaitan

Designation :

Director

Address :

12/1, Keyatala Lane, Kolkata-700029, West Bengal, India

Date of Birth/Age :

21.04.1946

Date of Appointment :

30.04.2005

Election Commission Identity Car No.:

AGDPK0054D

Din No.:

01365548

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	U24299WB1986PTC040089	OPTIMA EXPORTS PRIVATE LIMITED	Director	19/11/2012	28/01/1986	Active	NO
2	L51226WB1985PLC039055	ADVENTZ INVESTMENTS AND HOLDINGS LIMITED	Director	30/04/2005	30/04/2005	Active	NO

Name :

Mr. Santosh Kumar Rungta

Designation :

Director

Address :

Tivoli Courty, 1A Bally Gunge, Circular Road, Kolkata-700019, West Bengal, India

Date of Birth/Age :

17.09.1947

Date of Appointment :

12.12.2000

Election Commission Identity Car No.:

ADAPR3669P

Din No.:

00053824

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	L13201WB1940PLC010013	BIJOY MINING CO. LIMITED	Director	14/02/1968	14/02/1968	-	Active	NO
2	U14107WB1987PTC042847	MADGUL MINERALS PRIVATE LIMITED	Director	24/08/1987	24/08/1987	-	Active	NO
3	U70200WB1995PTC068433	MAYFAIR GARDEN PRIVATE LIMITED	Director	17/02/1995	17/02/1995	-	Active	NO
4	U70200WB1995PTC068432	LANSDOWNE TOWERS PRIVATE LIMITED	Director	17/02/1995	17/02/1995	-	Active	NO
5	U70101WB1995PTC069061	SUVARN APARTMENTS PRIVATE LIMITED	Director	08/03/1995	08/03/1995	-	Active	NO
6	U45201WB1963PTC025971	MADAN PROPERTIES PRIVATE LIMITED	Director	24/11/1995	24/11/1995	-	Active	NO
7	U45201WB1995PTC076125	SUDITI APARTMENTS PRIVATE LIMITED	Director	21/12/1995	21/12/1995	-	Active	NO
8	U26999WB1995PTC076126	SUPRITI APARTMENTS PRIVATE LIMITED	Director	21/12/1995	21/12/1995	-	Active	NO
9	U45201WB1995PTC076124	MADGUL DEVELOPERS PRIVATE LIMITED	Director	21/12/1995	21/12/1995	-	Active	NO
10	U45201WB1996PTC077695	J G PROPERTIES PRIVATE LIMITED	Director	16/03/1996	16/03/1996	-	Active	NO
11	U70101WB1995PTC074235	MADGUL PARKS PRIVATE LIMITED	Director	29/04/1999	29/04/1999	-	Active	NO
12	L51226WB1985PLC039055	ADVENTZ INVESTMENTS AND HOLDINGS LIMITED	Director	12/12/2000	12/12/2000	-	Active	NO
13	U91110DL1999NPL247248	CONFEDERATION OF REAL ESTATE DEVELOPERS' ASSOCIATIONS OF INDIA	Director	01/04/2007	01/04/2007	31/03/2011	Active	NO
14	U51909WB1991PTC051133	MADGUL SERVICES PRIVATE LIMITED	Director	03/06/2007	03/06/2007	-	Active	NO
15	U45200WB2006PTC111956	MADGUL INFRASTRUCTURE PRIVATE LIMITED	Director	23/06/2007	23/06/2007	-	Active	NO
16	U70101WB2004PTC100193	DRISHTI LAND & INFRASTRUCTURE PRIVATE LIMITED	Director	29/09/2007	19/09/2007	-	Active	NO
17	U85300WB1929NPL006235	BENGAL ROWING CLUB	Director	17/07/2008	17/07/2008	-	Active	NO
18	U01403WB1989PTC047761	PARUL FARMS PRIVATE LIMITED	Director	01/08/2008	01/08/2008	-	Active	NO
19	U51909WB2007PTC119037	MANJU VYAPAAR PRIVATE LIMITED	Additional director	12/08/2010	12/08/2010	-	Active	NO
20	U51109WB2008PTC128198	EVERNEW VINCOM PRIVATE LIMITED	Director	08/08/2011	12/08/2010	-	Active	NO
21	U51109WB2008PTC128134	MAHIMA TIE-UP PRIVATE LIMITED	Director	08/08/2011	12/08/2010	-	Active	NO
22	U51909WB2008PTC128110	BESTVIEW VINIMAY PRIVATE LIMITED	Director	08/08/2011	12/08/2010	-	Active	NO
23	U51909WB2008PTC128894	SKIPPER MERCHANDISE PRIVATE LIMITED	Director	08/08/2011	12/08/2010	-	Active	NO
24	U51109WB2008PTC123941	TUMBLER MARKETING PRIVATE LIMITED	Director	30/09/2011	01/09/2010	-	Active	NO
25	U51109WB2008PTC127404	FAIRPLAN VINIMAY PRIVATE LIMITED	Director	30/09/2011	01/09/2010	-	Active	NO
26	U51909WB2008PTC127228	SHREEPARNA VINIMAY PRIVATE LIMITED	Director	30/09/2011	04/09/2010	-	Active	NO
27	U51109WB2007PTC115082	ROSEVALLEY VYAPAAR PRIVATE LIMITED	Director	28/09/2011	23/11/2010	-	Active	NO
28	U51909WB2008PTC128885	EXCLUSIVE COMMOTRADE PRIVATE LIMITED	Director	28/09/2011	23/11/2010	-	Active	NO
29	U93090WB2013NPL193920	LANSDOWNE TOWERS OWNERS ASSOCIATION	Director	29/05/2013	29/05/2013	-	Active	NO
30	AAA-2451	SHREEPURAM PARKS LIMITED LIABILITY PARTNERSHIP	Designated Partner	07/10/2010	07/10/2010	-	Active	NO

Name :

Mr. Ramesh Maheshwari

Designation :

Director

Address :

20, Bally Gunge, Circular Road, Kolkata-700019, West Bengal, India

Date of Birth/Age :

25.12.1932

Date of Appointment :

27.03.2004

Election Commission Identity Car No.:

AEXPM8916N

Din No.:

00170811

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	U51109WB1924PLC004829	LIONEL EDWARDS LIMITED	Director	12/11/1975	12/11/1975	-	Active	NO
2	U85300WB1944PLC011939	TIMS PRODUCTS LIMITED	Director	20/10/1983	20/10/1983	30/04/2011	Active	NO
3	L74300WB1983PLC036342	SMIFS CAPITAL MARKETS LIMITED	Director	10/07/1990	10/07/1990	-	Active	NO
4	U40101WB1998PLC087688	NEORA HYDRO LIMITED	Director	19/06/2002	19/06/2002	-	Amalgamated	NO
5	L51226WB1985PLC039055	ADVENTZ INVESTMENTS AND HOLDINGS LIMITED	Director	27/03/2004	27/03/2004	-	Active	NO
6	U15490WB2007PLC121159	BENGAL FOODPARK LIMITED	Director	24/12/2007	24/12/2007	23/03/2009	Active	NO
7	U35201WB2009PTC133330	TEXMACO UGL RAIL PRIVATE LIMITED	Director	26/09/2011	27/07/2009	-	Active	NO
8	L29261WB1998PLC087404	TEXMACO RAIL & ENGINEERING LIMITED	Director	01/09/2011	01/01/2010	-	Active	NO
9	L70101WB1939PLC009800	TEXMACO INFRASTRUCTURE & HOLDINGS LIMITED	Whole-time director	13/01/2010	13/01/2010	18/09/2010	Active	NO
10	U74999WB2011PTC167754	TOUAX TEXMACO RAILCAR LEASING PRIVATE LIMITED	Director	17/09/2011	17/09/2011	-	Active	NO

KEY EXECUTIVES

Name :	Ms. Sweta Saxena
Designation :	Secretary
Address :	15/B, Karfarma Lane, Kolkata-700006, West Bengal, India
Date of Birth/Age :	19.05.1987
Date of Appointment :	14.08.2012
Pan No.:	CEWPS8136M

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 29.08.2012

NOTE: SHAREHOLDING DETAILS FILE ATTACHED.

AS ON 29.08.2012

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]	6.82
Bodies corporate	31.71
Directors or relatives of directors	61.31
Other top fifty shareholders	0.16
TOTAL	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged in Investment and Financing and Rental Business and hence the Company’s business is primarily dependent on Economic Growth, General Market Environment and Congenial Government Policy.

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

· Axis Bank Limited, Trishul 3^rd Floor, Opposite Samartheshwar Temple, Law Garden, Ellis Bridge, Ahmedabad-380006, Gujarat, India

· The Royal Bank of Scotland

· Bank of Baroda

· Indian Bank

Facilities :

Secured Loan	As on 31.03.2012 [Rs. in Millions]	As on 31.03.2011 [Rs. in Millions]
Long Term Borrowings
Term Loan
From Banks
Axis Bank	32.527	60.901
HDFC Bank	0.248	0.947
TOTAL	32.775	61.848
Unsecured Loan	As on 31.03.2012 [Rs. in Millions]	As on 31.03.2011 [Rs. in Millions]
Long Term Borrowings
Other Loans and Advances
From Bodies Corporate (Interest Free)	0.047	0.048
TOTAL	0.047	0.048
NOTES: · Loan from Axis Bank against mortgage of property situate at 28, Cubbon Road, Bangalore and hypothecation of rent receivable. The rate of interest as on balance sheet date is 14.05% p.a. and 22 number of installment is due. · Loan from HDFC Bank is secured by hypothecation of car. The rate of interest as on balance sheet date is 8.35% p.a. and 16 number of installment is due.

Banking Relations :	--
Auditors :
Name :	Chaturvedi and Company Chartered Accountants
Address :	60, Bentinck Street, Kolkata-700069, West Bengal, India
PAN No:	AABFL9567F
Other Related Parties :	· Advantz Finance Private Limited · Adventz Securities Enterprises Limited · Texmaco Infrastructure and Holdings Limited · Texmaco Rail and Engineering Limited

CAPITAL STRUCTURE

AS ON 31.03.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
5500000	Equity Shares	Rs.10/- each	Rs.55.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
5463324	Equity Shares	Rs.10/- each	Rs.54.633 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	54.633	54.633
(b) Reserves & Surplus	696.886	630.792
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000
Total Shareholders’ Funds (1) + (2)	751.519	685.425
(3) Non-Current Liabilities
(a) long-term borrowings	32.822	61.896
(b) Deferred tax liabilities (Net)	0.000	51.846
(c) Other long term liabilities	0.000	0.000
(d) long-term provisions	0.000	0.000
Total Non-current Liabilities (3)	32.822	113.742
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000
(b) Trade payables	0.000	0.000
(c) Other current liabilities	100.847	45.545
(d) Short-term provisions	0.437	0.437
Total Current Liabilities (4)	101.284	45.982
TOTAL	885.625	845.149
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	176.637	183.430
(ii) Intangible Assets	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	493.257	425.240
(c) Deferred tax assets (net)	33.840	26.542
(d) Long-term Loan and Advances	2.874	6.170
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	706.608	641.382
(2) Current assets
(a) Current investments	25.000	0.000
(b) Inventories	0.000	0.000
(c) Trade receivables	0.000	0.000
(d) Cash and cash equivalents	27.932	27.614
(e) Short-term loans and advances	46.582	56.550
(f) Other current assets	79.503	119.603
Total Current Assets	179.017	203.767
TOTAL	885.625	845.149

SOURCES OF FUNDS		31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		54.633
2] Share Application Money		0.000
3] Reserves & Surplus		608.685
4] (Accumulated Losses)		0.000
NETWORTH		663.318
LOAN FUNDS
1] Secured Loans		110.315
2] Unsecured Loans		0.048
TOTAL BORROWING		110.363
DEFERRED TAX LIABILITIES		0.000
TOTAL		773.681
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		187.097
Capital work-in-progress		0.000
INVESTMENT		426.621
DEFERREX TAX ASSETS		1.715
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000
	Sundry Debtors	0.000
	Cash & Bank Balances	5.905
	Other Current Assets	1.822
	Loans & Advances	221.776
Total Current Assets		229.503
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors
	Other Current Liabilities	71.255
	Provisions	0.000
Total Current Liabilities		71.255
Net Current Assets		158.248
MISCELLANEOUS EXPENSES		0.000
TOTAL		773.681

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income	68.184	59.537	51.893
		Other Income	56.965	64.554	58.966
		TOTAL (A)	125.149	124.091	110.859
Less	EXPENSES
		Employee Benefit Expenses	6.900	6.001	12.843
		Other Expenses	31.381	95.801
		TOTAL (B)	38.281	101.802	12.843
Less	PROFIT / (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		86.867	22.289	98.016
Less	FINANCIAL EXPENSES (D)		10.675	11.920	21.261
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		76.192	10.369	76.755
Less/ Add	DEPRECIATION/ AMORTISATION (F)		7.367	7.237	6.941
	PROFIT / (LOSS) BEFORE TAX (E-F) (G)		68.825	3.132	69.814
Less	TAX (H)		2.343	(18.888)	7.487
	PROFIT / (LOSS) AFTER TAX (G-H) (I)		66.482	22.020	62.327
Add / Less	TAX OF EARLIER YEARS ADJUSTED		(0.388)	0.087	0.533
Less	TRANSFERRED TO RESERVE FUND		13.300	4.500	12.500
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		356.779	339.172	288.811
	BALANCE CARRIED TO THE B/S		409.573	356.779	339.171
	Earnings / (Loss) Per Share (Rs.)		12.17	4.03	11.41

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	53.12	17.75	56.22
Net Profit Margin (PBT/Sales)	(%)	100.94	5.26	134.53
Return on Total Assets (PBT/Total Assets}	(%)	19.19	0.80	16.75
Return on Investment (ROI) (PBT/Networth)		0.09	0.00	0.11
Debt Equity Ratio (Total Debt/Networth)		0.04	0.09	0.17
Current Ratio (Current Asset/Current Liability)		1.77	4.43	3.22

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 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	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	Yes
34]	External Agency Rating, if available	No

INDEX OF CHARGES:

S. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10088215	22/01/2008	152,500,000.00	AXIS BANK LIMITED	TRISHUL 3RD FLOOR OPPOSITE SAMARTHESHWAR TEMPLE, LAW GARDEN ELLISBRIDGE, AHMEDABAD - 380006, GUJARAT, INDIA	A32395097

OPERATIONS:

The total turnover of the Company during the year stood at Rs.125.149 Millions as against Rs.124.091 Millions in previous year. The Profit after Taxation during the year was higher at Rs.66.482 Millions as compared to Rs.22.020 Millions in the previous year. The Company premises at Bangalore have recently been vacated by AMD India in view of their requirement for larger space. The company is negotiating with new tenant’s tor leasing of the said premises.

FUTURE OUTLOOK:

Financial year 2011-12 was a challenging year. The Global economy is facing challenges resulting in lower economic growth and crisis at Eurozone. The Indian Government's thrust for infrastructure has paved the way for continued growth of our economy. Our prime concerns are inflation and rupee depreciation. With inflation hovering above 8% mark and rupee touching Rs.56 to a dollar, liquidity is likely to remain tight in near future.

The real estate market witnesses modest growth all across the country. The demand for affordable residential units are picking up in all parts of the country. The real estate affordable segment market in India has attracted lot of attention in view of the large demand. Due to some relaxations by RBI in the financial market the housing loans are available at lower interest rates for the affordable housing as compared to last year.

The Company being an NBFC continues to do better despite the current market scenario. The investment in quoted shares has witnessed a steep rise during the year but the stock market is under pressure now. The Company continues to look for new opportunities in both sectors of investments in shares and real estate to create wealth for its shareholders.

FIXED ASSETS:

· Freehold Land

· Building

· Furniture and Fixtures

· Air Conditioner

· Office Equipments

· Electrical Installations

· Generator

· Motor Car

· Computer

· Motor Cycle

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.60.80
UK Pound	1	Rs.94.21
Euro	1	Rs.81.03

INFORMATION DETAILS

Report Prepared by :

TPT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	6
--RESERVES	1~10	6
--CREDIT LINES	1~10	6
--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	YES
--OTHER MERIT FACTORS	YES/NO	YES
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		54

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.