MIRA INFORM REPORT

Report Date :

28.08.2013

IDENTIFICATION DETAILS

Name :	NEW GOAL REALTY PRIVATE LIMITED
Registered Office :	Al-Hashmi, 24 - Motlibai Street, Agripada, Mumbai - 400 008, Maharashtra
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	11.08.2008
Com. Reg. No.:	11-185655
Capital Investment / Paid-up Capital :	Rs.0.100 million
CIN No.: [Company Identification No.]	U45400MH2008PTC185655
Legal Form :	Private Limited Liability Company
Line of Business :	Construction Activity.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ca (15)

RATING		STATUS	PROPOSED CREDIT LINE
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security

Status :	Yet to commence business activity
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Even though the company was incorporated during August 2008, it is yet to commence its business activity. The financial position of the company is below average. Payment terms are unknown. The company can be considered for business dealings on a safe and secured trade terms and conditions.

NOTES :

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

ECGC Country Risk Classification List – 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 :	Al-Hashmi, 24 - Motlibai Street, Agripada, Mumbai – 400 008, Maharashtra, India
Tel. No.:	91-22-23085595
Fax No.:	Not Available
E-Mail :	csroopandemehta@gmail.com jignesh.shah@dbg.co.in

DIRECTORS

AS ON 29.09.2012

Name :

Mr. Ashraf Yousuf Saleh

Designation :

Director

Address :

A.K. Tower, ‘A’ Wing 602, 6^th Floor, Madina Manzilcompound, S.V. Road, Goregaon, Mumbai – 400 062, Maharashtra, India

Date of Birth/Age :

14.07.1952

Date of Appointment :

11.08.2008

DIN No.:

01623887

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	U45201MH2007PTC172771	RANGE PROPERTIES DEVELOPMENT PRIVATE LIMITED	Director	01/08/2007	01/08/2007	28/02/2008	Active	NO
2	U45203MH2007PTC173166	MYSTICAL TELECOM PRIVATE LIMITED	Director	16/08/2007	16/08/2007	-	Active	NO
3	U45200MH2008PTC181214	MODERN HI-TECH DEVELOPERS PRIVATE LIMITED	Director	16/04/2008	16/04/2008	18/07/2008	Active	NO
4	U45200MH2008PTC181216	NEWIDEAS REAL ESTATE DEVELOPMENT PRIVATE LIMITED	Director	16/04/2008	16/04/2008	-	Active	NO
5	U45200MH2008PTC181215	MOONVIEW REAL ESTATE DEVELOPMENT PRIVATE LIMITED	Director	16/04/2008	16/04/2008	-	Active	NO
6	U70102MH2007PTC166974	MAN CHANDAK DEVELOPERS PRIVATE LIMITED	Director	30/09/2008	19/07/2008	31/03/2010	Active	NO
7	U45400MH2008PTC185655	NEW GOAL REALTY PRIVATE LIMITED	Director	11/08/2008	11/08/2008	-	Active	NO
8	U70102MH2008PTC185843	DB HOTELS (INDIA) PRIVATE LIMITED	Director	14/08/2008	14/08/2008	26/09/2009	Active	NO
9	U55100MH2008PTC185908	CLOSE HOTELS PRIVATE LIMITED	Director	19/08/2008	19/08/2008	21/05/2009	Active	NO
10	U51909MH2008PTC186154	VARADVINAYAK MULTI-IMPEX PRIVATE LIMITED	Director	25/08/2008	25/08/2008	15/07/2009	Active	NO
11	U45202MH2009PTC193816	REAL GEM BUILDTECH PRIVATE LIMITED	Director	03/07/2009	03/07/2009	10/08/2009	Active	NO
12	U45202MH2009PTC193780	HORIZONTAL DEVELOPERS PRIVATE LIMITED	Additional director	13/08/2009	13/08/2009	23/04/2013	Active	NO
13	U55101MH2008PTC187277	TALOJA HOTELS PRIVATE LIMITED	Additional director	15/02/2010	15/02/2010	-	Active	NO
14	U45400MH2007PTC171058	ZENSTAR HOTELS PRIVATE LIMITED	Additional director	15/02/2010	15/02/2010	-	Active	NO
15	U55101MH2003PTC141722	BASERA HOTELS INDIA PRIVATE LIMITED	Additional director	15/02/2010	15/02/2010	-	Active	NO
16	U55101MH1999PTC122921	SHIP HOTEL INDIA PRIVATE LIMITED	Additional director	15/02/2010	15/02/2010	-	Active	NO
17	U55101MH2002PTC134551	ROSY BLUE HOTELS (INDIA) PRIVATE LIMITED	Additional director	15/02/2010	15/02/2010	-	Active	NO
18	U55100MH2003PTC140359	KALBADEVI HOTELS PRIVATE LIMITED	Additional director	15/02/2010	15/02/2010	-	Active	NO
19	U70100MH1999PTC121944	NEELKAMAL REALTOR'S AND HOTELS PRIVATE LIMITED	Additional director	15/02/2010	15/02/2010	-	Active	NO
20	U45202MH2010PTC200607	MOON RESIDENT REALTY PRIVATE LIMITED	Director	05/03/2010	05/03/2010	17/05/2010	Active	NO
21	U45202MH2010PTC200605	CITY SHINE CONSTRUCTIONS PRIVATE LIMITED	Director	05/03/2010	05/03/2010	-	Active	NO
22	U45202MH2010PTC200828	WEST VIEW REALTORS TOWER PRIVATE LIMITED	Director	12/03/2010	12/03/2010	-	Active	NO
23	U55101MH2007PTC166968	YADGAR HOTELS PRIVATE LIMITED	Additional director	22/03/2010	22/03/2010	-	Active	NO
24	U55101MH2001PTC132240	TRAVELLERS INN HOTELS (INDIA) PRIVATE LIMITED	Additional director	29/05/2010	29/05/2010	-	Active	NO
25	U45400MH2007PTC170594	THREE STAR DELUXE HOTELS (INDIA) PRIVATE LIMITED	Additional director	20/06/2013	20/06/2013	-	Active	NO

Name :

Mr. Mohammed Shafi Mansuri

Designation :

Director

Address :

Al-Hashmi Building, 11^th Floor, Flat No.4, 24, Motlibai Street, Agripada (West), Mumbai – 400 008, Maharashtra, India

Date of Birth/Age :

15.05.1985

Date of Appointment :

29.09.2012

DIN No.:

03595587

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	U45400MH2008PTC185655	NEW GOAL REALTY PRIVATE LIMITED	Director	29/09/2012	12/08/2011	Active	NO
2	U45207MH2011PTC221565	KHAWJA GARIB NAWAZ VENTURES PRIVATE LIMITED	Director	06/09/2011	06/09/2011	Active	NO
3	U45400MH2011PTC223318	AL- HUSSAM INFRASTRUCTURE AND REALTY PRIVATE LIMITED	Director	20/10/2011	20/10/2011	Active	NO
4	U45400MH2011PTC223364	AL-KAREEM REALTY PRIVATE LIMITED	Director	21/10/2011	21/10/2011	Active	NO
5	U99999MH1983PTC030407	CELICA INVESTMENT AND TRADING COMPANY PRIVATE LIMITED	Director	19/11/2011	19/11/2011	Active	NO
6	U45400MH2012PTC226593	INDIASKIES INFRASTRUCTURE AND REALTY PRIVATE LIMITED	Director	07/02/2012	07/02/2012	Active	NO
7	U99999MH1957PTC010866	PRABHAT (STOVE AND LAMP) PRODUCTS COMPANY PRIVATE LIMITED	Director	12/06/2013	12/06/2013	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 29.09.2012

Names of Shareholders	No. of Shares
Ashraf Yousuf Saleh	5000
Faiyaz Ahmed	5000
TOTAL	10000

AS ON 29.09.2012

Equity Share Breakup	Percentage of Holding
Category
Directors or relatives of directors	100.00

BUSINESS DETAILS

Line of Business :

Construction Activity.

GENERAL INFORMATION

No. of Employees :	Not Available
Bankers :	HDFC Bank Limited
Facilities :	--

Banking Relations :	--
Auditors :
Name :	Mehta Chokshi and Shah Chartered Accountants
Address :	229, Bokadia Mansion, Princess Street, Mumbai – 400 002, Maharashtra, India
Tel No.:	91-22-28930501 / 28930503
Fax No.:	91-22-28930503
PAN No:	AAAFM5817F

CAPITAL STRUCTURE

AS ON 31.03.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Rs.10/- each	Rs.0.100 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Rs.10/- each	Rs.0.100 Million

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	0.100	0.100
(b) Reserves & Surplus	0.524	1.497
(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)	0.624	1.597
(3) Non-Current Liabilities
(a) long-term borrowings	199.727	103.287
(b) Deferred tax liabilities (Net)	0.000	0.000
(c) Other long term liabilities	0.000	0.000
(d) long-term provisions	0.000	0.000
Total Non-current Liabilities (3)	199.727	103.287
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000
(b) Trade payables	0.044	0.028
(c) Other current liabilities	0.000	0.000
(d) Short-term provisions	0.000	0.000
Total Current Liabilities (4)	0.044	0.028
TOTAL	200.395	104.912
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.325	0.000
(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	13.500	13.500
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	182.867	90.583
(e) Other Non-current assets	0.013	0.017
Total Non-Current Assets	196.705	104.100
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	0.000	0.000
(c) Trade receivables	0.000	0.000
(d) Cash and cash equivalents	3.690	0.809
(e) Short-term loans and advances	0.000	0.000
(f) Other current assets	0.000	0.003
Total Current Assets	3.690	0.812
TOTAL	200.395	104.912

SOURCES OF FUNDS		31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		0.100
2] Share Application Money		0.000
3] Reserves & Surplus		1.624
4] (Accumulated Losses)		0.000
NETWORTH		1.724
LOAN FUNDS
1] Secured Loans		0.000
2] Unsecured Loans		94.245
TOTAL BORROWING		94.245
DEFERRED TAX LIABILITIES		0.000
TOTAL		95.969
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.000
Capital work-in-progress		0.000
INVESTMENT		13.500
DEFERREX TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000
	Sundry Debtors	0.000
	Cash & Bank Balances	0.007
	Other Current Assets	83.463
	Loans & Advances	0.025
Total Current Assets		83.495
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.181
	Other Current Liabilities	0.000
	Provisions	0.850
Total Current Liabilities		1.031
Net Current Assets		82.464
MISCELLANEOUS EXPENSES		0.005
TOTAL		95.969

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income	0.000	0.000	0.000
		Other Income	0.000	0.000	1.570
		TOTAL	0.000	0.000	1.570
Less	EXPENSES
		Other Expenses	0.936	0.125	0.135
		TOTAL	0.936	0.125	0.135
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		(0.936)	(0.125)	1.435
Less/ Add	DEPRECIATION/ AMORTISATION		0.033	0.000	0.000
	PROFIT / (LOSS) BEFORE TAX		(0.969)	(0.125)	1.435
Less	TAX		0.004	0.000	0.500
	PROFIT / (LOSS) AFTER TAX		(0.973)	(0.125)	0.935
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		NA	1.624	0.689
	BALANCE CARRIED TO THE B/S		NA	1.498	1.624
	Earnings / (Loss) Per Share (Rs.)		(97.34)	(12.60)	93.49

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	0.00	0.00	59.55
Return on Total Assets (PBT/Total Assets}	(%)	(0.52)	(0.14)	1.72
Return on Investment (ROI) (PBT/Networth)		(1.55)	(0.07)	0.83
Debt Equity Ratio (Total Debt/Networth)		320.07	64.67	54.67
Current Ratio (Current Asset/Current Liability)		83.86	29.00	80.98

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	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	No
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

INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY

NOTE:

The registered office of the company has been shifted from 431, Hakim Building, Opposite Novelty Cinema, Grant Road (East), Mumbai – 400 007, Maharashtra to the present address w.e.f. 14.12.2009.

Unsecured Loan	As on 31.03.2012 [Rs. in Millions]	As on 31.03.2011 [Rs. in Millions]
Long Term Borrowings
From Others	199.727	103.287
TOTAL	199.727	103.287

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.65.67
UK Pound	1	Rs.102.20
Euro	1	Rs.87.75

INFORMATION DETAILS

Report Prepared by :

TPT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
PAID-UP CAPITAL	1~10	2
OPERATING SCALE	1~10	2
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	2
--PROFITABILIRY	1~10	-
--LIQUIDITY	1~10	2
--LEVERAGE	1~10	2
--RESERVES	1~10	3
--CREDIT LINES	1~10	-
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	NO
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		15

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.