MIRA INFORM REPORT

Report Date :

17.12.2013

IDENTIFICATION DETAILS

Name :	ADLABS ENTERTAINMENT LIMITED (w.e.f 27.04.2010)
Formerly Known As :	ADLABS ENTERTAINMENT PRIVATE LIMITED
Registered Office :	30/31 Sangdewadi, Khopoli Pali Road, Taluka Khalapur – 410203, Maharashtra
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	10.02.2010
Com. Reg. No.:	11-199925
Capital Investment / Paid-up Capital :	Rs. 458.721 Millions
CIN No.: [Company Identification No.]	U92490MH2010PLC199925
TAN No.: [Tax Deduction & Collection Account No.]	MUMA36796E
PAN No.: [Permanent Account No.]	AAICA2573P
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Subject is engaged into Building and Running of Amusement Park. (Name of Park is “Adlabs Imagica”)
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

B (36)

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

Maximum Credit Limit :	USD 10000000
Status :	Recently Commenced Business Activity
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is a subsidiary of ‘Thrill Park Limited, India’. Even though the company was incorporated during February 2010, it recently commenced its business activity from April 2013. Net worth of the company appears to be good. Trade relations are fair. Business is active. Payment terms are reported to be slow but correct. The concern can be considered for business dealings 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 – 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

The current downturn provides an opportunity to push ahead with reforms to accelerate growth, says the latest India Development Update report released by the World Bank. The report says that the adverse effects of rupee depreciation are likely to be offset by the gains in the exports performance due to improved external competitiveness. Since May this year, the local currency has depreciated substantially and fell to a record level of Rs 68.85 to a dollar on August, 28.

A stagflation like situation appears to have arisen as inflation jumped to an eight month high of 6.46 % for the month of September. It is up from 6.10 % in August. Growth continues to be muted with factory output plunging to 0.6  % in August. Onion prices have risen nearly 300 % from last September. Vegetables cost nearly 90 % more than they did last year. Wake up to the economic contribution of slum dwellers. They contribute more than 7.5 % to the country’s gross domestic product, according to a recent study conducted in 50 top cities.

136000 estimated number of jobs created during the second quarter of the current financial year. 50000 estimated number of additional jobs in the field of corporate social responsibility in the coming years.

The International Finance Corporation expects to come out with its rupee linked bonds issue before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple iPhone 5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has been launched in India from 1^st November.

The Land Acquisition Act to provide just and fair compensation to farmers will come into force from January 1 next year, said Rural Development Minister Jairam Ramesh. The Act replaces a 119 year old registration. The Securities and Exchange Board of India has approved the trading of currency futures on the Bombay Stock Exchange. The exchange plans to launch the currency futures platform with advanced trading technology by the end of November.

EXTERNAL AGENCY RATING

Rating Agency Name	ICRA
Rating	Long term loans: “BB-”
Rating Explanation	Moderate risk of default.
Date	30.11.2013

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.

INFORMATION DECLINED BY

Name :	Mr. Deepak
Designation :	Accounts
Contact No.:	91-22-40680000
Date :	13.12.2013

LOCATIONS

Registered Office :	30/31 Sangdewadi, Khopoli Pali Road, Taluka Khalapur – 410203, Maharashtra, India
Tel. No.:	91-2192-669749
Fax No.:	Not Available
E-Mail :	deepak.agarwal@adlabsentertainment.com ghanshyam.jhala@adlabsentertainment.com
Website :	http://www.adlabsentertainment.com
Location :	Owned
Corporate Office :	9^th Floor, Lotus Business Park, New Link Road, Andheri (West), Mumbai – 400053, Maharashtra, India
Tel. No.:	91-22-40680000 / 40680018
Fax No.:	91-22-40680088
E-Mail :	deepak.agarwal@walkwater.in ghanshyam.jhala@walkwater.in kapil.bagla@walkwater.in
Website :	http://www.walkwater.in

DIRECTORS

As on 30.09.2013

Name :

Pooja Milind Deora

Designation :

Director

Address :

21, Golden Beach, Ruia Park Road, Juhu, Mumbai – 400049, Maharashtra, India

Date of Birth/Age :

21.07.1978

Date of Appointment :

30.09.2013

PAN No.:

AOWPS8011F

DIN No.:

00013027

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	U85110KA1995PTC017339	SEA CASTLE RESORTS PRIVATE LIMITED	Managing director	29-08-98	29-08-98	19-01-09	Active	NO
2	L29299MH1987PLC045446	RELIANCE MEDIAWORKS LIMITED	Whole-time director	01-04-07	19-07-00	30-11-07	Active	NO
3	U92110MH1996PLC097159	ENTERTAINMENT ONE (INDIA) LIMITED	Director	15-09-05	15-09-05	30-11-07	Amalgamated	NO
4	U74899DL1988PLC030732	BIG SYNERGY MEDIA LIMITED	Additional director	11-01-07	11-01-07	30-11-07	Active	NO
5	U92100MH2007PLC175163	WALKWATER MEDIA LIMITED	Managing director	01-08-13	18-10-07	-	Active	NO
6	U45400MH2007PTC175247	WALKWATER PROPERTIES PRIVATE LIMITED	Director	22-10-07	22-10-07	-	Active	NO
7	U92190MH2007PLC175250	THRILL PARK LIMITED	Director	22-10-07	22-10-07	29-02-12	Active	NO
8	U45400DL2007PLC169519	ALLIANCE LUMIERE LIMITED	Director	30-09-08	26-11-07	05-01-13	Active	NO
9	U92100MH2007PTC177131	IROCK MEDIA PRIVATE LIMITED	Director	28-02-08	28-02-08	21-12-11	Active	NO
10	U74999MH2007PTC168860	SWAPNAJYOTI TRADING PRIVATE LIMITED	Director	27-09-08	27-09-08	-	Active	NO
11	U92190MH2008PTC187832	BLUE HAVEN ENTERTAINMENT PRIVATE LIMITED	Director	29-10-08	29-10-08	-	Active	NO
12	U92490MH2010PLC199925	ADLABS ENTERTAINMENT LIMITED	Director	30-09-13	02-09-13	-	Active	NO

Name :

Mr. Manmohan Ramanna Shetty

Designation :

Director

Address :

21, Golden Beach, Ruia Park Road, Juhu, Mumbai – 400049, Maharashtra, India

Date of Birth/Age :

24.02.1948

Qualification :

Graduate

Date of Appointment :

02.09.2013

PAN No.:

AAIPS2569L

DIN No.:

00013961

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	U92114MH1980PTC023222	MAMANIA FILMS PRIVATE LIMITED	Director	01-10-80	01-10-80	28-04-09	Active	NO
2	L29299MH1987PLC045446	Reliance MediaWorks Limited	Managing director	30-11-87	30-11-87	30-11-07	Active	NO
3	U65990MH1990PTC055265	ADLABS FINANCE PRIVATE LIMITED	Director	12-02-90	12-02-90	31-07-09	Strike off	NO
4	U92141MH2001PLC130394	WHISTLING WOODS INTERNATIONAL LIMITED	Director	31-07-01	31-07-01	-	Active	NO
5	U92132MH2001NPL132233	EARTH COMMUNICATIONS OFFICE-INDIA ASSOCIATION	Director	09-04-02	09-04-02	-	Active	NO
6	U92110MH1996PLC097159	ENTERTAINMENT ONE (INDIA) LIMITED	Director	08-11-02	08-11-02	31-10-07	Amalgamated	NO
7	L65990MH1977PLC019986	CENTRUM CAPITAL LIMITED	Director	31-12-12	09-05-03	-	Active	NO
8	U92114MH2003PLC142048	ADLABS MULTIPLEXES AND THEATRES LIMITED.	Director	04-09-03	04-09-03	31-10-07	Amalgamated	NO
9	U92132WB1985PLC038440	RDB TWO THOUSAND PLUS LTD	Director	17-12-03	17-12-03	01-04-11	Active	NO
10	U92110MH1998GAT116282	UNITED PRODUCERS FORUM	Director	21-09-05	21-09-05	-	Active	NO
11	U18101MH2005PLC153109	SHIRT COMPANY (INDIA) LIMITED	Director	18-02-06	18-02-06	03-05-09	Active	NO
12	U65993MH2006PLC162533	ESSEL-CENTRUM HOLDINGS LIMITED	Director	08-07-06	08-07-06	28-04-09	Active	NO
13	U85195MH1981PLC025562	P & M INFRASTRUCTURES LIMTED	Director	15-07-08	28-02-07	-	Active	NO
14	U74140MH2007PTC168147	Bussolutions Consultancy Services Private Limited	Director	20-04-07	20-04-07	-	Amalgamated	NO
15	U15421MH2007PLC169032	MAURYA SUGAR LIMITED	Director	31-08-07	31-08-07	28-03-11	Active	NO
16	U92190MH2007PLC175250	THRILL PARK LIMITED	Managing director	01-03-10	22-10-07	-	Active	NO
17	U45400MH2004PTC150299	HOLICOW INFRA PRIVATE LIMITED	Director	30-10-07	30-10-07	25-05-09	Active	NO
18	U45400MH2007PTC175247	WALKWATER PROPERTIES PRIVATE LIMITED	Director	21-11-07	21-11-07	02-01-12	Active	NO
19	U45400DL2007PLC169519	ALLIANCE LUMIERE LIMITED	Director	30-09-08	26-11-07	-	Active	NO
20	U92100MH2007PLC175163	WALKWATER MEDIA LIMITED	Director	24-06-13	05-01-08	-	Active	NO
21	U92100MH2007PTC177131	IROCK MEDIA PRIVATE LIMITED	Director	28-02-08	28-02-08	21-12-11	Active	NO
22	U92120MH2008PTC182284	VICTORY MOVING PICTURES PRIVATE LIMITED	Director	16-05-08	16-05-08	-	Strike off	NO
23	U74900MH2008PTC183158	PJP ESTATES PRIVATE LIMITED	Director	04-06-08	04-06-08	25-05-09	Active	NO
24	U55101MH2008PTC184296	VIJAYATEJ HOSPITALITY PRIVATE LIMITED	Director	04-07-08	04-07-08	25-05-09	Active	NO
25	U92490MH2010PLC199925	ADLABS ENTERTAINMENT LIMITED	Managing director	02-09-13	10-02-10	-	Active	NO
26	U92412AP2013PTC085825	ROYALE THRILL VENTURES PRIVATE LIMITED	Additional director	02-04-13	02-04-13	-	Active	NO

Name :

Mr. Kapil Vishnuprasad Bagla

Designation :

Whole-time Director

Address :

4A/ 401-402, Himalaya Building, Asha Nagar, Off Western Express Highway, Kandivali (East), Mumbai – 400101, Maharashtra, India

Date of Birth/Age :

09.10.1968

Qualification :

B.E., M.M.S.

Date of Appointment :

06.07.2011

PAN No.:

AABPB2274N

DIN No.:

00387814

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	U92114MH2003PLC142048	ADLABS MULTIPLEXES AND THEATRES LIMITED.	Director	28-07-06	28-07-06	30-11-07	Amalgamated	NO
2	U92100MH2007PTC176511	IDEACOUNT EDUCATION PRIVATE LIMITED	Director	30-09-08	06-08-08	-	Active	NO
3	U74999MH2007PTC168860	SWAPNAJYOTI TRADING PRIVATE LIMITED	Director	27-09-08	27-09-08	-	Active	NO
4	U92190MH2008PTC187832	BLUE HAVEN ENTERTAINMENT PRIVATE LIMITED	Director	29-10-08	29-10-08	-	Active	NO
5	U45209KA2003PTC031817	BBIPL INFRASTRUCTURE (INDIA) PRIVATE LIMITED	Additional director	22-12-08	22-12-08	27-07-09	Active	NO
6	U92490MH2010PLC199925	ADLABS ENTERTAINMENT LIMITED	Whole-time director	06-07-11	10-02-10	-	Active	NO
7	U74999MH2011PLC213170	SCRABBLE DIGITAL LIMITED	Director	08-02-11	08-02-11	07-09-12	Active	NO
8	U92190MH2008PLC178456	SCRABBLE ENTERTAINMENT LIMITED	Director	15-02-11	15-02-11	30-07-13	Active	NO
9	U92120MH2008PTC182284	VICTORY MOVING PICTURES PRIVATE LIMITED	Director	18-11-11	18-11-11	-	Strike off	NO
10	U92190MH2007PLC175250	THRILL PARK LIMITED	Director	07-09-12	29-02-12	-	Active	NO
11	U92100MH2007PTC177131	IROCK MEDIA PRIVATE LIMITED	Nominee director	01-07-12	01-07-12	-	Active	NO

Name :

Mr. Praveen Chamanlala Nischol

Designation :

Additional Director

Address :

Rita Apartment, 1st Floor, 15 Golf Link Road, Khar (West), Mumbai – 400052, Maharashtra, India

Date of Birth/Age :

07.11.1948

Date of Appointment :

25.03.2013

DIN No.:

00269906

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	U92490MH2010PLC199925	ADLABS ENTERTAINMENT LIMITED	Director	30-09-13	25-03-13	-	Active	NO

Name :

Mr. Chandir Gobind Gidwani

Designation :

Additional director

Address :

1202, Ocean View, Union Park, Opp. Hotel Pali Hill, Khar (West), Mumbai – 400052, Maharashtra, India

Date of Birth/Age :

03.07.1964

Date of Appointment :

30.09.2013

DIN No.:

00011916

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	L65990MH1977PLC019986	CENTRUM CAPITAL LIMITED	Director	01-11-12	07-09-96	-	Active	NO
2	U74999MH1992PTC066170	BUSINESS MATCH SERVICES (INDIA) PRIVATE LIMITED	Director	20-03-97	20-03-97	-	Active	NO
3	U99999MH1987PTC042289	CENTRUM FISCAL PRIVATE LIMITED	Director	30-07-97	30-07-97	-	Active	NO
4	U65990MH1997PTC108868	SONCHAJYO INVESTMENTS AND FINANCE PRIVATE LIMITED	Director	31-07-97	31-07-97	-	Active	NO
5	U01110MH1997PTC109810	NANIKRAMI AGRO PRIVATE LIMITED	Director	01-08-97	01-08-97	-	Active	NO
6	U61100MH1996PTC102891	OCEAN EXPRESS PRIVATE LIMITED	Director	25-08-99	25-08-99	-	Active	NO
7	U60300MH1991PTC062022	CASBY GLOBAL AIR PRIVATE LIMITED	Director	21-03-02	21-03-02	-	Active	NO
8	U79326MH1998PTC117398	CASBY LOGISTICS PRIVATE LIMITED	Director	21-03-02	21-03-02	-	Active	NO
9	U74999MH2002PLC135720	EXPRESSIT LOGISTICS WORLDWIDE LIMITED	Nominee director	05-02-04	05-02-04	14-01-09	Active	NO
10	U65990MH1994PLC084098	RAP MEDIA LIMITED	Director	01-04-04	01-04-04	-	Active	NO
11	U67190MH1999PLC119009	CENTRUMDIRECT LIMITED	Director	21-06-04	21-06-04	06-05-08	Active	NO
12	U85195MH1981PLC025562	P & M INFRASTRUCTURES LIMTED	Director	15-07-08	23-05-06	-	Active	NO
13	L92100MH1997PLC108981	PRIME FOCUS LIMITED	Director	28-09-07	24-01-07	12-08-11	Active	NO
14	U45200MH2007PTC169059	SKYLINE DEVELOPERS PRIVATE LIMITED	Director	22-03-07	22-03-07	01-10-10	Strike off	NO
15	U15421MH2007PLC169032	MAURYA SUGAR LIMITED	Director	22-03-07	22-03-07	-	Active	NO
16	U70102MH2007PTC171827	NANIKRAMI ESTATES PRIVATE LIMITED	Director	20-06-07	20-06-07	15-06-09	Active	NO
17	U45400MH2004PTC150299	HOLICOW INFRA PRIVATE LIMITED	Director	30-10-07	30-10-07	-	Active	NO
18	U74900MH2008PTC183158	PJP ESTATES PRIVATE LIMITED	Director	04-06-08	04-06-08	01-10-10	Active	NO
19	U55101MH2008PTC184296	VIJAYATEJ HOSPITALITY PRIVATE LIMITED	Director	04-07-08	04-07-08	01-10-10	Active	NO
20	U92100MH2007PLC175163	WALKWATER MEDIA LIMITED	Director	18-08-08	18-08-08	31-12-11	Active	NO
21	U55101MH2000PTC126970	OLIVE BAR AND KITCHEN PRIVATE LIMITED	Director	29-09-09	18-09-08	-	Active	NO
22	U55201MH2007PTC168603	SUSSEGADO BAR AND KITCHEN PRIVATE LIMITED	Director	29-09-09	11-02-09	-	Active	NO
23	U55101MH2007PTC171452	JOIE DE VIVRE RESTAURANT PRIVATE LIMITED	Director	29-09-09	27-02-09	-	Active	NO
24	U74140MH2008PTC185859	OASIS COUNSEL AND ADVISORY PRIVATE LIMITED	Director	24-04-09	24-04-09	10-07-13	Active	NO
25	U63040WB1988PLC044001	CLUB 7 HOLIDAYS LTD	Director	30-09-10	20-07-10	-	Active	NO
26	U74140MH2010PTC198879	INDIA ALTERNATIVES INVESTMENT ADVISORS PRIVATE LIMITED	Director	30-09-11	05-07-11	-	Active	NO
27	U55209MH2009PTC189541	OLIVE CAFES SOUTH PRIVATE LIMITED	Director	29-09-12	22-06-12	-	Active	NO
28	U55101MH2008PTC178393	MOVING KITCHEN PRIVATE LIMITED	Director	29-09-12	23-07-12	-	Active	NO
29	U55201MH2009PTC189554	SOUL FRY BAR AND KITCHEN PRIVATE LIMITED	Director	29-09-12	23-07-12	-	Active	NO
30	U92412AP2013PTC085825	ROYALE THRILL VENTURES PRIVATE LIMITED	Additional director	02-04-13	02-04-13	-	Active	NO
31	U92490MH2010PLC199925	ADLABS ENTERTAINMENT LIMITED	Additional director	30-09-13	30-09-13	-	Active	NO
32	U92412MH2012PLC229369	PB LIFESTYLE LIMITED	Director	05-12-13	05-12-13	-	Active	NO

Name :

Mr. Prashant Purker

Designation :

Nominee director

Address :

1-C-1 Lloyd's Garden, Appa Saheb Marathe Marg, Prabhadevi, Mumbai – 400025, Maharashtra, India

Date of Birth/Age :

05.07.1962

Date of Appointment :

20.11.2013

DIN No.:

00082481

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	U65922MH1999PLC120106	ICICI HOME FINANCE COMPANY LIMITED	Director	26-04-05	26-04-05	27-12-06	Active	NO
2	U24209HR1991PLC048501	AVANTOR PERFORMANCE MATERIALS INDIA LIMITED	Nominee director	30-06-10	30-06-10	28-02-11	Active	NO
3	U74899DL1994PTC060305	CREST GEARTECH PRIVATE LIMITED	Director	02-08-10	26-07-10	-	Active	NO
4	U29130MH2004PTC168150	MAHINDRA GEARS AND TRANSMISSIONS PRIVATE LIMITED	Nominee director	25-07-11	26-07-10	-	Active	NO
5	U72200MH1989PLC166901	ICICI VENTURE FUNDS MANAGEMENT COMPANY LIMITED	Whole-time director	13-08-10	13-08-10	-	Active	NO
6	U74920MH1982PLC027283	TOPS SECURITY LIMITED	Nominee director	20-10-10	20-10-10	20-11-12	Active	NO
7	U74140DL2010PLC210936	FINEST PROCURING SOLUTIONS LIMITED	Director	30-11-10	30-11-10	27-07-11	Amalgamated	NO
8	U15135DL1991PLC046758	DEVYANI INTERNATIONAL LIMITED	Director	20-09-11	13-05-11	-	Active	NO
9	U85110KA2000PTC027149	VIKRAM HOSPITAL PRIVATE LIMITED	Nominee director	13-06-11	13-06-11	03-07-13	Active	NO
10	U85110PN1996PLC099499	SAHYADRI HOSPITALS LIMITED	Nominee director	30-09-11	13-06-11	18-02-12	Active	NO
11	U74140WB2003PTC121076	MEDICA SYNERGIE PRIVATE LIMITED	Nominee director	29-07-11	29-07-11	-	Active	NO
12	U93090KA2006FTC050581	BTI PAYMENTS PRIVATE LIMITED	Nominee director	03-07-13	03-07-13	-	Active	NO
13	U92490MH2010PLC199925	ADLABS ENTERTAINMENT LIMITED	Nominee director	20-11-13	20-11-13	-	Active	NO

Name :

Mr. Naresh Patwari

Designation :

Nominee director

Address :

Ashok Towers, Tower B, Apt 1303, Dr Br Ambedkar Road, Near ITC Parel, Parel (East), Mumbai – 400012, Maharashtra, India

Date of Birth/Age :

25.04.1978

Date of Appointment :

20.11.2013

DIN No.:

03319397

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	U74140DL2010PLC210936	FINEST PROCURING SOLUTIONS LIMITED	Additional director	01-12-10	01-12-10	27-07-11	Amalgamated	NO
2	U92490MH2010PLC199925	ADLABS ENTERTAINMENT LIMITED	Nominee director	20-11-13	20-11-13	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Deepak
Designation :	Accounts
Name :	G S Jhala
Designation :	Secretary
Address :	Bari Sadri House, 18 Naiyon Ki Talai, Udaipur – 313 001, Rajasthan, India
Date of Birth/Age :	04.07.1959
Date of Appointment :	10.02.2012
PAN No.:	ABMPJ8628G

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2013

Names of Shareholders	No. of Shares
Thrill Park Limited, India	45616795
Manmohan Shetty	2842152
Mayuresh Kore	1775
Aarti Shetty	1775
Kapil Bagla	178
Chandir Gidwani	178
Deepak Agrawal	178
IDBI Trusteeship Services Limited, India	04
Total	48463035

As on 30.09.2013

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Bodies corporate	94.13
Directors or relatives of Directors	5.87
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged into Building and Running of Amusement Park. (Name of Park is “Adlabs Imagica”)

GENERAL INFORMATION

No. of Employees :

Not Divulged

Bankers :

Syndicate Bank, Nariman Point Branch, Nariman Bhavan, Ground Floor, Nariman Point, Mumbai – 400021, Maharashtra, India

Facilities :

SECURED LOANS	31.03.2013 (Rs. in Millions)	31.03.2012 (Rs. in Millions)
LONG TERM BORROWINGS
Rupee term loans from banks (Secured against mortgage of land and assets held by the company)	6388.701	0.000
SHORT TERM BORROWINGS
Rupee term loans from banks (Secured against mortgage of land held and owned by the company)	0.000	1950.125
Other loans and advances, others	922.222	0.000
Total	7310.923	1950.125

Banking Relations :	--
Financial Institution:	IDBI Trusteeship Services Limited, Asian Building, Ground Floor, 17 R Kamani Marg, Ballard Estate, Mumbai – 400001, Maharashtra, India
Auditors :
Name :	A. T. Jain and Company Chartered Accountants
Address :	Mumbai, Maharashtra, India
PAN N Income-tax PAN of auditor or auditor's firm :	AABFA2587P
Holding Company :	Thrill Park Limited, India CIN No.: U92190MH2007PLC175250
Entities controlled by directors / Promoter:	· Walkwater Properties Private Limited CIN No.: U45400MH2007PTC175247 Dream Estates

CAPITAL STRUCTURE

As on 30.09.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
200,000,000	Equity Shares	Rs.10/- each	Rs. 2000.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
48,463,035	Equity Shares	Rs.10/- each	Rs. 484.630 Millions

As on 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
50,000,000	Equity Shares	Rs.10/- each	Rs. 500.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
45,872,122	Equity Shares	Rs.10/- each	Rs. 458.721 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	458.721	419.167	372.676
(b) Reserves & Surplus	2635.248	2084.777	1858.380
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	57.549
Total Shareholders’ Funds (1) + (2)	3093.969	2503.944	2288.605
(3) Non-Current Liabilities
(a) long-term borrowings	6388.806	30.705	252.999
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	10.389	0.964	0.000
Total Non-current Liabilities (3)	6399.195	31.669	252.999
(4) Current Liabilities
(a) Short term borrowings	1492.222	1950.125	201.905
(b) Trade payables	4.648	2.469	107.431
(c) Other current liabilities	548.692	183.007	2.548
(d) Short-term provisions	7.013	4.423	2.715
Total Current Liabilities (4)	2052.575	2140.024	314.599
TOTAL	11545.739	4675.637	2856.203
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	2470.130	2299.018	2264.443
(ii) Intangible Assets	4.394	2.219	0.000
(iii) Capital work-in-progress	8229.591	2155.902	443.380
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.000	0.000	0.000
(c) Deferred tax assets (net)	7.427	0.000	0.000
(d) Long-term Loan and Advances	102.721	68.854	69.493
(e) Other Non-current assets	0.000	0.000	3.638
Total Non-Current Assets	10814.263	4525.993	2780.954
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	0.000	0.000	0.000
(c) Trade receivables	0.000	0.000	0.000
(d) Cash and cash equivalents	297.407	61.897	65.305
(e) Short-term loans and advances	0.000	0.000	0.000
(f) Other current assets	434.069	87.747	9.944
Total Current Assets	731.476	149.644	75.249
TOTAL	11545.739	4675.637	2856.203

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	0.000	0.000	0.000
		Other Income	39.298	0.000	0.000
		TOTAL	39.298	0.000	0.000
Less	EXPENSES
		Employee benefit expense	33.435	0.000	0.000
		Other Expenses	27.102	5.296	0.000
		Exceptional items	0.635	0.000	0.000
		TOTAL	61.172	5.296	0.000
	PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		(21.874)	(5.296)	0.000
Less/ Add	DEPRECIATION/ AMORTISATION		0.130	0.000	0.000
	PROFIT/ (LOSS) BEFORE TAX		(22.004)	(5.296)	0.000
Less	TAX		(7.429)	0.760	0.000
	PROFIT/ (LOSS) AFTER TAX		(14.575)	(6.056)	0.000
	Earnings/ (Loss) Per Share (Rs.)		(0.33)	(0.16)	0.00

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	(37.09)	0.00	0.00
Net Profit Margin (PBT/Sales)	(%)	0.00	0.00	0.00
Return on Total Assets (PBT/Total Assets}	(%)	(0.67)	(0.21)	0.00
Return on Investment (ROI) (PBT/Networth)		(0.01)	0.00	0.00
Debt Equity Ratio (Total Debt/Networth)		2.55	0.79	0.20
Current Ratio (Current Asset/Current Liability)		0.36	0.07	0.24

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	Yes
10]	Designation of contact person	Yes
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]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10343713	12/08/2013 *	14,748,000,000.00	IDBI TRUSTEESHIP SERVICES LIMITED	ASIAN BUILDING, GROUND FLOOR, 17, R.KAMANI MARG, BA LLARD ESTATE, MUMBAI - 400001, MAHARASHTRA, INDIA	B82277450

* Date of charge modification

UNSECURED LOANS

PARTICULAR	31.03.2013 (Rs. in Millions)	31.03.2012 (Rs. in Millions)
LONG TERM BORROWINGS
Loans and advances from directors	0.105	30.705
SHORT TERM BORROWINGS
Loans and advances from directors	570.000	0.000
Total	570.105	30.705

NOTE:

Registered office of the company has been shifted from 30/31 Sngdewadi, Khopoli Pali Road, Taluka – Khalapur – 410206, Maharashtra, India to the present address w.e.f 22.04.2013

OPERATIONS:

Since previous years, the Company is involved in developing a mega-theme park project at villages Sangdewadi and Vadwal, Khopoli, Taluka.Khalapur, Dist. Raigad in the state of Maharashtra and the project has seen a soft launch and trial period beginning on 18 th of April 2013 with more than 15 attractions. During the soft launch and trial period which is likely to be up to 30 th September,2013 the Company will judge the market response to the product, review various pricing and also check the operations and working of rides and attractions.

The Theme Park has been branded as Adlabs Imagica and has received a very encouraging response from the customers as well as media.

All the necessary approvals, consents, permissions and sanctions for operations of the Theme Park project are in place.

FUTURE PROSPECTS:

The Indian consumers are looking forward to a world class experience in amusement park entertainment & The Company has taken the initiative in creating a high quality multi-use entertainment destination in the country.

Having achieved partial launch of the Theme Park, The Company is now focusing on completion of the Water Park and the Hotel.

The Park is slated to become India’s first-of-its-kind entertainment destination and with burgeoning incomes/ highly favorable population dynamics, the park holds tremendous potential.

Mumbai, the financial capital of India, has the most attractive catchment to support the entire eco-system of a project of this magnitude and scale

The company is also planning to raise equity capital in the form of private equity or Initial Public offer (IPO) at an appropriate time. The Company plans to engage with merchant bankers, consultants, legal counsels and other market intermediaries to prepare for the equity raise.

FIXED ASSETS

v Tangible Assets

Land

Plant and Equipment

Furniture and Fixtures

Vehicles

Motor Vehicles

Office Equipment

Computer Equipments

Other Equipments

v Intangible Assets

Computer Software

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.62.10
UK Pound	1	Rs.101.27
Euro	1	Rs.85.43

INFORMATION DETAILS

Information Gathered by :	HTL
Report Prepared by :	MRI

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	4
--RESERVES	1~10	5
--CREDIT LINES	1~10	4
--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
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		36

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.