MIRA INFORM REPORT

Report Date :

21.12.2013

IDENTIFICATION DETAILS

Name :	CLASSIC HOUSING PROJECTS PRIVATE LIMITED (w.e.f. 06.04.2010)
Formerly Known As :	CLASSIC LEISURES AND HOTELS PRIVATE LIMITED (w.e.f. 23.11.2007) SURABHI LEISURE AND HOTELS PRIVATE LIMITED SURABHI MALL MANAGEMENT COMPANY PRIVATE LIMITED
Registered Office :	C/o Market City Resources Private Limited, Ground Floor, R.R. Hosiery Building, Shree Laxmi Woolen Mills Estate, Opposite Shakti Mills, Off. Dr. E. Moses, Mahalaxmi, Mumbai – 400 011, Maharashtra
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	20.10.2005
Com. Reg. No.:	11-156887
Capital Investment / Paid-up Capital :	Rs.0.104 million
CIN No.: [Company Identification No.]	U45400MH2005PTC156887
TAN No.: [Tax Deduction & Collection Account No.]	MUMS50454F
PAN No.: [Permanent Account No.]	AAJCS5123J
Legal Form :	Private Limited Liability Company
Line of Business :	Construction Activities
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (28)

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

Maximum Credit Limit :	USD 132000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. There appears huge external borrowings taken by the company, which acts as threating to the liquidity position of the company. However, the company has achieved fair profitability during the financial year 2013. Trade relations are fair. Business is active. Payment terms are unknown. The company 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	CARE
Rating	Long Term Facilities: BB+
Rating Explanation	Moderate risk of default and high credit risk.
Date	September 13, 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 :	C/o Market City Resources Private Limited, Ground Floor, R.R. Hosiery Building, Shree Laxmi Woolen Mills Estate, Opposite Shakti Mills, Off. Dr. E. Moses, Mahalaxmi, Mumbai – 400 011, Maharashtra, India
Tel. No.:	91-22-30016600
Fax No.:	91-22-30016818
E-Mail :	corpaffairs@highstreetphoenix.com
Project Office :	Next to Raptakos Brett and Company, 142, Velachery Main Road, Velachery. Chennai – 600 042, Tamilnadu, India

DIRECTORS

AS ON 30.09.2013

Name :

Mr. Shishir Ashok Shrivastava

Designation :

Director

Address :

1/1, Prakash CHS, Relief Road, Santacruz (West), Mumbai – 400 054, Maharashtra, India

Date of Birth/Age :

09.03.1976

Date of Appointment :

17.08.2010

DIN No.:

01266095

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	U92142MH2006PTC160500	MARVELL MALL DEVELOPMENT COMPANY PRIVATE LIMITED	Director	20/07/2006	20/07/2006	14/05/2010	Active	NO
2	U45202MH1999PLC164003	ENTERTAINMENT WORLD DEVELOPERS LIMITED	Director	12/09/2006	12/09/2006	04/05/2010	Active	NO
3	U67120MH1995PLC085664	PALLAZZIO HOTELS AND LEISURE LIMITED	Managing director	07/09/2012	13/12/2006	-	Active	NO
4	U67120MH2007PTC169479	ENHANCE HOLDINGS PRIVATE LIMITED	Director	31/03/2007	31/03/2007	-	Active	NO
5	U67190MH2007PTC171595	COLUMBUS INVESTMENT ADVISORY PRIVATE LIMITED	Director	13/06/2007	13/06/2007	16/10/2007	Active	NO
6	U55101MH2007PTC169101	ALLIANCE HOSPITALITY SERVICES PRIVATE LIMITED	Director	19/09/2008	28/03/2008	-	Active	NO
7	U55209MH2006PTC161066	PHOENIX HOSPITALITY COMPANY PRIVATE LIMITED	Director	30/09/2008	27/06/2008	-	Active	NO
8	U55101MH2007PTC172946	MIRABEL ENTERTAINMENT PRIVATE LIMITED	Nominee director	24/03/2009	24/03/2009	21/03/2012	Active	NO
9	U45200MH2006PTC161067	ISLAND STAR MALL DEVELOPERS PRIVATE LIMITED	Nominee director	25/06/2009	25/06/2009	20/07/2011	Active	NO
10	U55200MH2000PTC124192	OFFBEAT DEVELOPERS PRIVATE LIMITED	Nominee director	25/06/2009	25/06/2009	01/03/2011	Active	NO
11	U70100MH2005PTC156875	CLASSIC MALL DEVELOPMENT COMPANY PRIVATE LIMITED	Director	19/08/2010	08/09/2009	10/05/2012	Active	NO
12	U55101MH1996PTC101044	STARBOARD HOTELS PRIVATE LIMITED	Director	17/08/2010	08/09/2009	06/06/2013	Active	NO
13	U45400MH2005PTC156887	CLASSIC HOUSING PROJECTS PRIVATE LIMITED	Director	17/08/2010	08/09/2009	-	Active	NO
14	U70101MH2007PTC173285	PLATINUM SPACES PRIVATE LIMITED	Director	31/08/2010	11/12/2009	-	Active	NO
15	U70101MH2007PTC171777	CREST RESIDENCY PRIVATE LIMITED	Additional director	11/01/2010	11/01/2010	03/05/2010	Active	NO
16	U72900MH2000PTC126232	GRACEWORKS REALTY AND LEISURE PRIVATE LIMITED	Director	01/09/2010	08/02/2010	19/08/2011	Active	NO
17	U55101MH2007PTC169124	INSIGHT HOTELS AND LEISURE PRIVATE LIMITED	Director	31/08/2010	15/02/2010	-	Active	NO
18	L17100MH1905PLC000200	PHOENIX MILLS LIMITED	Managing director	30/07/2011	18/03/2010	-	Active	NO
19	U74999MH2006PTC163143	TREASURE WORLD DEVELOPERS PRIVATE LIMITED	Director	14/09/2010	04/05/2010	16/08/2011	Active	NO
20	U17125DL2007PTC218317	BIG APPLE REAL ESTATE PRIVATE LIMITED	Nominee director	27/08/2010	27/08/2010	-	Active	NO
21	U45400DL2007PTC218316	BLACKWOOD DEVELOPERS PRIVATE LIMITED	Nominee director	27/08/2010	27/08/2010	-	Active	NO
22	U45201MH2006PTC165253	VAMONA DEVELOPERS PRIVATE LIMITED	Nominee director	30/08/2011	29/03/2011	-	Active	NO
23	U70100MH2006PTC161072	PINNACLE REAL ESTATE DEVELOPMENT PRIVATE LIMITED	Director	17/08/2011	31/03/2011	-	Active	NO
24	U65990MH1991PTC060487	PLUTOCRAT ASSETS AND CAPITAL MANAGEMENT PRIVATE LIMITED	Director	01/11/2011	01/11/2011	-	Active	NO
25	U70200MH1996PTC104404	BUTALA FARM LANDS PRIVATE LIMITED	Director	01/11/2011	01/11/2011	-	Active	NO
26	U45400MH2008PTC178115	PALLADIUM CONSTRUCTIONS PRIVATE LIMITED	Director	12/09/2012	30/11/2011	-	Active	NO
27	U70100MH2006PTC161028	ASHTON REAL ESTATE DEVELOPMENT PRIVATE LIMITED	Director	28/09/2012	27/12/2011	-	Active	NO
28	U55101UP2007PTC033633	GANGETIC HOTELS PRIVATE LIMITED	Director	11/02/2012	11/02/2012	-	Active	NO
29	U55101UP2008PTC034687	UPAL HOTELS PRIVATE LIMITED	Director	11/02/2012	11/02/2012	-	Active	NO
30	U74899DL1951PTC001959	GANGETIC DEVELOPERS PRIVATE LIMITED	Director	01/03/2012	01/03/2012	-	Active	NO
31	U45201DL2006PTC218315	UPAL DEVELOPERS PRIVATE LIMITED	Director	01/03/2012	01/03/2012	-	Active	NO
32	U52300MH2008PTC178354	PHOENIX RETAIL PRIVATE LIMITED	Director	29/09/2012	17/04/2012	-	Active	NO

Name :

Mr. Mukesh Jagat Jethwani

Designation :

Director

Address :

C-41, Trishul Mahakali Caves Road, Andheri (East), Mumbai – 400 093, Maharashtra, India

Date of Birth/Age :

26.02.1965

Date of Appointment :

14.08.2006

DIN No.:

01486791

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	U67190MH1999PTC118368	LINK INTIME INDIA PRIVATE LIMITED	Director	06/07/2006	06/07/2006	08/09/2008	Active	NO
2	U70100MH2005PTC156875	CLASSIC MALL DEVELOPMENT COMPANY PRIVATE LIMITED	Director	14/08/2006	14/08/2006	-	Active	NO
3	U45400MH2005PTC156887	CLASSIC HOUSING PROJECTS PRIVATE LIMITED	Director	14/08/2006	14/08/2006	-	Active	NO
4	U55101MH1996PTC101044	STARBOARD HOTELS PRIVATE LIMITED	Director	14/08/2006	14/08/2006	-	Active	NO
5	U45200MH2007PTC170272	HJB DEVELOPERS AND BUILDERS PRIVATE LIMITED	Director	20/10/2008	07/08/2007	01/12/2010	Active	NO
6	U45400MH2007PTC171778	ESCORT DEVELOPERS PRIVATE LIMITED	Director	30/09/2008	31/10/2007	-	Active	NO
7	U65922MH1997PLC107179	ORACLE CORPORATE SERVICES LIMITED	Director	30/09/2009	16/09/2008	23/12/2010	Amalgamated	NO
8	U74140GJ1983PTC005900	SAI CONSULTING ENGINEERS PRIVATE LIMITED	Director	18/09/2010	01/10/2008	-	Active	NO
9	U45201MH2006PTC165697	PICASSO DEVELOPERS PRIVATE LIMITED	Director	30/09/2011	30/11/2010	-	Amalgamated	NO
10	U70101MH2007PTC171777	CREST RESIDENCY PRIVATE LIMITED	Director	30/09/2011	30/11/2010	-	Active	NO
11	U45400MH2010PTC202050	CALADIUM PROPERTIES PRIVATE LIMITED	Director	14/03/2011	14/03/2011	-	Active	NO
12	U45201MH2006PTC165253	VAMONA DEVELOPERS PRIVATE LIMITED	Director	30/08/2011	29/03/2011	-	Active	NO
13	U51109MH2006PTC193478	RAMAYANA REALTORS PRIVATE LIMITED	Director	29/09/2012	17/10/2011	-	Active	NO
14	U67190MH1999PTC135266	ORACLE INSURANCE SERVICES PRIVATE LIMITED	Director	14/05/2013	14/05/2013	-	Active	NO
15	AAA-3614	KARA PROPERTY VENTURES LLP	Body corporate as Designated Partner	03/01/2013	03/01/2013	-	Active	NO

Name :

Mr. Dilip Jayantilal Dhruv

Designation :

Director

Address :

Vimal Housing Society, Ground Floor, Flat No.1, 199, Dr. B.I. Road, Mumbai – 400 006, Maharashtra, India

Date of Birth/Age :

17.02.1964

Date of Appointment :

12.09.2012

DIN No.:

00046937

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	U65922MH1997PLC107179	ORACLE CORPORATE SERVICES LIMITED	Director	10/04/1997	10/04/1997	10/11/2010	Amalgamated	NO
2	U65990MH1994PTC084193	RICHLINE LEASING AND FINANCE PRIVATE LIMITED	Director	02/03/1998	02/03/1998	30/12/2010	Active	NO
3	U67120MH2003PTC142422	SERENE SECURITIES PRIVATE LIMITED	Director	29/09/2003	29/09/2003	19/12/2008	Active	NO
4	U67120MH2003PTC142377	VIGIL STOCKS AND SHARES PRIVATE LIMITED	Director	30/03/2004	30/03/2004	-	Active	NO
5	U67120MH2004PTC148052	NIRMAL CAPITAL SERVICES PRIVATE LIMITED	Director	17/08/2004	17/08/2004	01/12/2010	Active	NO
6	U67110MH2004PTC147247	SMIT CAPITAL SERVICES PRIVATE LIMITED	Director	14/02/2007	14/02/2007	-	Active	NO
7	U70100MH2005PTC156875	CLASSIC MALL DEVELOPMENT COMPANY PRIVATE LIMITED	Director	12/09/2012	19/06/2012	-	Active	NO
8	U55101MH1996PTC101044	STARBOARD HOTELS PRIVATE LIMITED	Director	12/09/2012	22/06/2012	-	Active	NO
9	U45400MH2005PTC156887	CLASSIC HOUSING PROJECTS PRIVATE LIMITED	Director	12/09/2012	22/06/2012	-	Active	NO

Name :

Mr. Pradumna Kanodia

Designation :

Director

Address :

Ashoka Garden, Flat No.1701, 17^th Floor, B Wing, Tower 1, Parel Seweri Division Tokersey, Jivraj Road, Sewery, Mumbai – 400 015, Maharashtra, India

Date of Birth/Age :

02.09.1964

Date of Appointment :

31.08.2011

DIN No.:

01602690

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	U72900MH2004PTC148202	FOCUS SHARES AND SECURITIES PRIVATE LIMITED	Director	25/08/2004	25/08/2004	18/08/2005	Active	NO
2	U70200KA2004PTC034726	TECHNOBUILD DEVELOPERS PRIVATE LIMITED	Director	06/02/2007	06/02/2007	05/06/2008	Active	NO
3	U45202KA2007PTC042156	PALAM VIHAR BUILDCON PRIVATE LIMITED	Director	16/03/2007	16/03/2007	05/06/2008	Strike off	NO
4	U45202KA2007PTC042159	PALM VIHAR PROJECTS PRIVATE LIMITED	Director	16/03/2007	16/03/2007	05/06/2008	Strike off	NO
5	U45202KA2007PTC042160	PALAM VIHAR DEVELOPERS PRIVATE LIMITED	Director	16/03/2007	16/03/2007	05/06/2008	Strike off	NO
6	U45202KA2007PTC042158	DWARAKA PALAM VIHAR PROJECTS PRIVATE LIMITED	Director	16/03/2007	16/03/2007	05/06/2008	Strike off	NO
7	U45202KA2007PTC042157	DWARAKA REALTORS PRIVATE LIMITED	Director	16/03/2007	16/03/2007	05/06/2008	Strike off	NO
8	U45202KA2007PTC042164	CHAUMA DEVELOPERS AND BUILDERS PRIVATE LIMITED	Director	16/03/2007	16/03/2007	05/06/2008	Strike off	NO
9	U45202KA2007PTC042165	CHAUMA REALTORS PRIVATE LIMITED	Director	16/03/2007	16/03/2007	05/06/2008	Strike off	NO
10	U45202KA2007PTC042163	CHAUMA PROPERTIES AND CONSTRUCTION PRIVATE LIMITED	Director	16/03/2007	16/03/2007	05/06/2008	Strike off	NO
11	U45200KA2007PTC042200	PALM VIHAR REALTY AND CONSTRUCTION PRIVATE LIMITED	Director	21/03/2007	21/03/2007	05/06/2008	Strike off	NO
12	U45202KA2007PTC042202	DWARAKA PROJECTS PRIVATE LIMITED	Director	21/03/2007	21/03/2007	05/06/2008	Strike off	NO
13	U45202KA2007PTC042199	SOBHA MAPLETREE DEVELOPERS PRIVATE LIMITED	Director	21/03/2007	21/03/2007	05/06/2008	Active	NO
14	U45202KA2007PTC042201	DWARAKA PROPERTIES AND DEVELOPERS PRIVATE LIMITED	Director	21/03/2007	21/03/2007	05/06/2008	Strike off	NO
15	U45200TN2006PTC061746	NASARAPET PROPERTIES PRIVATE LIMITED	Director	16/08/2007	29/03/2007	05/06/2008	Active	NO
16	U45200TN2006PTC061484	MAPEDU REALTORS PRIVATE LIMITED	Director	16/08/2007	29/03/2007	05/06/2008	Active	NO
17	U45200TN2006PTC061638	RUSOH MARINA PROPERTIES PRIVATE LIMITED	Director	16/08/2007	29/03/2007	05/06/2008	Active	NO
18	U74210TN2006PTC061353	PILLAIPAKKAM BUILDERS PRIVATE LIMITED	Director	16/08/2007	29/03/2007	05/06/2008	Active	NO
19	U45200TN2006PTC061325	RUSOH HOME DEVELOPERS PRIVATE LIMITED	Director	16/08/2007	29/03/2007	05/06/2008	Active	NO
20	U45200TN2006PTC061328	PILLAIPAKKAM PROPERTIES PRIVATE LIMITED	Director	16/08/2007	29/03/2007	05/06/2008	Active	NO
21	U45200TN2006PTC061504	MAPEDU BUILDERS PRIVATE LIMITED	Director	16/08/2007	29/03/2007	05/06/2008	Active	NO
22	U45200TN2006PTC061648	PERAMBAKKAM BUILDERS PRIVATE LIMITED	Director	16/08/2007	29/03/2007	05/06/2008	Active	NO
23	U74140KA2007PTC042917	LOTUS MANPOWER CONSULTANTS SERVICES PRIVATE LIMITED	Director	24/05/2007	24/05/2007	05/06/2008	Active	NO
24	U45201KA2007PTC042913	CHAUMA PROJECTS PRIVATE LIMITED	Director	24/05/2007	24/05/2007	05/06/2008	Strike off	NO
25	U45403KA2007PTC042916	RED LOTUS FACILITY SERVICES PRIVATE LIMITED	Director	24/05/2007	24/05/2007	05/06/2008	Active	NO
26	U70102KA2007PTC042918	SOBHA CONTRACTING PRIVATE LIMITED	Director	24/05/2007	24/05/2007	05/06/2008	Active	NO
27	U70101MH2007PTC171777	CREST RESIDENCY PRIVATE LIMITED	Director	30/09/2010	30/04/2010	01/04/2011	Active	NO
28	U45201MH2006PTC165697	PICASSO DEVELOPERS PRIVATE LIMITED	Director	09/09/2010	14/05/2010	01/04/2011	Amalgamated	NO
29	U51109MH2006PTC193478	RAMAYANA REALTORS PRIVATE LIMITED	Director	09/09/2010	14/05/2010	23/03/2011	Active	NO
30	U92142MH2006PTC160500	MARVELL MALL DEVELOPMENT COMPANY PRIVATE LIMITED	Director	09/09/2010	14/05/2010	30/01/2012	Active	NO
31	U45400DL2007PTC218316	BLACKWOOD DEVELOPERS PRIVATE LIMITED	Nominee director	27/08/2010	27/08/2010	-	Active	NO
32	U17125DL2007PTC218317	BIG APPLE REAL ESTATE PRIVATE LIMITED	Nominee director	27/08/2010	27/08/2010	-	Active	NO
33	U45400MH2008PTC178115	PALLADIUM CONSTRUCTIONS PRIVATE LIMITED	Additional director	03/10/2010	03/10/2010	20/07/2011	Active	NO
34	U45400MH2007PTC171779	ROOMY CONSTRUCTION COMPANY PRIVATE LIMITED	Director	16/08/2011	03/10/2010	-	Active	NO
35	U55101MH2007PTC171775	ACME HOSPITALITY SERVICES PRIVATE LIMITED	Director	21/09/2011	03/10/2010	-	Active	NO
36	U70200MH1996PTC104404	BUTALA FARM LANDS PRIVATE LIMITED	Director	19/09/2011	29/10/2010	-	Active	NO
37	U55200MH2000PTC124192	OFFBEAT DEVELOPERS PRIVATE LIMITED	Nominee director	30/03/2011	30/03/2011	06/06/2011	Active	NO
38	L17100MH1905PLC000200	PHOENIX MILLS LIMITED	Whole-time director	20/09/2011	28/04/2011	-	Active	NO
39	U45200MH2006PTC161067	ISLAND STAR MALL DEVELOPERS PRIVATE LIMITED	Additional director	27/06/2011	27/06/2011	20/07/2011	Active	NO
40	U45400MH2005PTC156887	CLASSIC HOUSING PROJECTS PRIVATE LIMITED	Director	31/08/2011	29/06/2011	-	Active	NO
41	U70100MH2005PTC156875	CLASSIC MALL DEVELOPMENT COMPANY PRIVATE LIMITED	Director	31/08/2011	29/06/2011	10/05/2012	Active	NO
42	U67120MH1995PLC085664	PALLAZZIO HOTELS AND LEISURE LIMITED	Nominee director	30/08/2011	29/06/2011	-	Active	NO
43	U55101MH1996PTC101044	STARBOARD HOTELS PRIVATE LIMITED	Director	12/09/2012	30/09/2011	06/06/2013	Active	NO

Name :

Mr. Mayank Arvind Kumar Ruia

Designation :

Director

Address :

Ruia House 19, Bhau Saheb, Hirey Marg, Mumbai – 400 006, Maharashtra, India

Date of Birth/Age :

13.10.1981

Date of Appointment :

12.09.2012

DIN No.:

03525218

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	U45400MH2008PTC178115	PALLADIUM CONSTRUCTIONS PRIVATE LIMITED	Managing director	28/03/2012	27/06/2011	-	Active	NO
2	U70101MH2007PTC173285	PLATINUM SPACES PRIVATE LIMITED	Nominee director	30/08/2011	27/06/2011	-	Active	NO
3	U74999MH2006PTC163143	TREASURE WORLD DEVELOPERS PRIVATE LIMITED	Director	29/09/2011	05/09/2011	21/03/2012	Active	NO
4	U45202MH1999PLC164003	ENTERTAINMENT WORLD DEVELOPERS LIMITED	Director	29/09/2011	29/09/2011	21/03/2012	Active	NO
5	U74999MH2008PTC183667	MARKET CITY MANAGEMENT PRIVATE LIMITED.	Director	01/11/2011	01/11/2011	22/05/2013	Active	NO
6	U55204MH2011PTC225022	LOCA HOSPITALITY PRIVATE LIMITED	Director	16/12/2011	16/12/2011	-	Active	NO
7	U55204MH2012PTC228278	WTF HOSPITALITY PRIVATE LIMITED	Director	16/03/2012	16/03/2012	-	Active	NO
8	U55101MH2007PTC169101	ALLIANCE HOSPITALITY SERVICES PRIVATE LIMITED	Managing director	27/03/2012	27/03/2012	-	Active	NO
9	U45400MH2005PTC156887	CLASSIC HOUSING PROJECTS PRIVATE LIMITED	Director	12/09/2012	28/03/2012	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2013

Names of Shareholders	No. of Shares
Sharyans Resources Limited, India	3333
Escort Developers Private Limited, India	417
The Phoenix Mills Limited, India	6667
Total	10417

AS ON 30.09.2013

Equity Share Breakup	Percentage of Holding
Category
Bodies corporate	100.00

BUSINESS DETAILS

Line of Business :

Construction Activities

GENERAL INFORMATION

No. of Employees :	Not Available
Bankers :	Central Bank of India, Corporate Finance Branch, MMO Building, 1^st Floor, Fort, Mumbai – 400 023, Maharashtra, India
Facilities :	--

Banking Relations :	--
Auditors :
Name :	Chaturvedi and Shah Chartered Accountants
Address :	714-715, Tulsiani Chambers, 212, Narimain Point, Mumbai – 400 021, Maharashtra, India
Tel. No.:	91-22-30218500
Fax No.:	91-22-30218595
Website :	www.cas.ind.in
PAN No.:	AAAFC0662N
Associates :	· Sharyans Resources Limited · The Phoenix Mills Limited · Kshitij Ventures Capital Fund · Phoenix Hospitality Company Private Limited (upto 30.07.2010)

CAPITAL STRUCTURE

AS ON 30.09.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
10000000	Equity Shares	Rs.10/- each	Rs.100.000 millions
2500000	Preference Shares	Rs.100/- each	Rs.250.000 millions
	Total		Rs.350.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10417	Equity Shares	Rs.10/- each	Rs.0.104 million

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	0.104	0.104	0.104
(b) Reserves & Surplus	32.798	0.503	(0.792)
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	32.902	0.607	(0.688)
(3) Non-Current Liabilities
(a) Long-term borrowings	347.500	347.500	0.000
(b) Deferred tax liabilities (Net)	21.994	0.000	0.000
(c) Other long term liabilities	0.889	0.000	0.000
(d) Long-term provisions	0.243	0.000	0.000
Total Non-current Liabilities (3)	370.626	347.500	0.000
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	178.883
(b) Trade payables	2.553	257.251	2.678
(c) Other current liabilities	453.260	29.934	171.028
(d) Short-term provisions	3.511	0.000	0.000
Total Current Liabilities (4)	459.324	287.185	352.589
TOTAL	862.852	635.292	351.901
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.000	0.000	0.000
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	36.928	0.000	0.000
(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)	0.000	0.154	0.000
(d) Long-term Loan and Advances	0.000	0.000	0.000
(e) Other Non-current assets	0.404	0.880	1.356
Total Non-Current Assets	37.332	1.034	1.356
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	479.812	594.605	342.548
(c) Trade receivables	34.071	0.000	0.000
(d) Cash and cash equivalents	16.841	0.958	7.487
(e) Short-term loans and advances	294.320	38.219	0.000
(f) Other current assets	0.476	0.476	0.510
Total Current Assets	825.520	634.258	350.545
TOTAL	862.852	635.292	351.901

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	376.078	1.166	0.000
		Other Income			0.000
		TOTAL	376.078	1.166	0.000
Less	EXPENSES
		Office Expenses	307.203	0.880	0.785
		Administrative Expenses
		Advertising Expenses
		TOTAL	307.203	0.880	0.785
	PROFIT / (LOSS) BEFORE TAX		68.875	0.286	(0.785)
Less	TAX		35.711	(0.100)	0.007
	PROFIT / (LOSS) AFTER TAX		33.164	0.386	(0.792)
	Earnings / (Loss) Per Share (Rs.)		3183.64	37.02	(76.06)

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	8.82	33.10	0.00
Net Profit Margin (PBT/Sales)	(%)	NA	NA	0.00
Return on Total Assets (PBT/Total Assets}	(%)	8.34	0.05	(0.22)
Return on Investment (ROI) (PBT/Networth)		2.09	0.47	1.14
Debt Equity Ratio (Total Debt/Networth)		10.56	572.49	(260.00)
Current Ratio (Current Asset/Current Liability)		1.80	2.21	0.99

LOCAL AGENCY FURTHER INFORMATION

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) 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	No

Unsecured Loans	31.03.2013 (Rs. in Millions)	31.03.2012 (Rs. in Millions)
LONG TERM BORROWINGS
2500000 (P.Y. 2500000) 0.0001% Optionally Convertible Debentures (Series "B") of Rs.100 each	250.000	250.000
975000 (P.Y. 975000) 0.0001% Optionally Convertible Debentures (Series "C") of Rs.100 each	97.500	97.500
Total	347.500	347.500

Notes:

0.0001% Optionally Convertible Debenture holders of Series B and C have an option to convert the debentures into equity share any time on or after March 15, 2015. Each debenture is convertible into equity shares of Rs.10 each fully paid at price not less than the fair market value as on the date of conversion. The company has an option to redeem the shares in one or more tranche at the redemption premium not exceeding Rs.10/- per OCD.

INDEX OF CHARGES:

S. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10426016	18/04/2013	400,000,000.00	CENTRAL BANK OF INDIA	CORPORATE FINANCE BRANCH, MMO BUILDING, 1ST FLOOR, FORT, MUMBAI, MAHARASHTRA - 400023, INDIA	B75231100

Note:

The registered office of the company has been shifted from Phoenix Mills Premises, 462, Senapati Bapat Marg, Lower Parel, Mumbai – 400 013, Maharashtra to the present address w.e.f. 08.09.2009.

CONTINGENT LIABILITIES:

Particulars	31.03.2013 (Rs. in Millions)	31.03.2012 (Rs. in Millions)
Estimated amount of contracts remaining to be executed on capital account not provided for	Nil	0.975

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.62.24
UK Pound	1	Rs.101.81
Euro	1	Rs.84.88

INFORMATION DETAILS

Report Prepared by :

SMN

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	4
--PROFITABILIRY	1~10	4
--LIQUIDITY	1~10	2
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTERS
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		28

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.