MIRA INFORM REPORT

Report Date :

22.02.2013

IDENTIFICATION DETAILS

Name :	SHRACHI BURDWAN DEVELOPERS PRIVATE LIMITED
Registered Office :	Sarachi Tower, 686, Anandapur, EM-Bypass, Kolkata-700107, West Bengal
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	16.10.2006
Com. Reg. No.:	21-111545
Capital Investment / Paid-up Capital :	Rs.123.944 Millions
CIN No.: [Company Identification No.]	U45200WB2006PTC111545
Legal Form :	Private Limited Liability Company
Line of Business :	Real Estate Developers.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (29)

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

Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having a moderate track record. There appears some dip in the reserves due to buy back of shares and loss incurred from its operation. However, it has recorded better growth in its revenue from operation during 2012. Trade relations are reported as decent. Business is active. Payment terms are slow but correct. The company can be considered for business dealings with some caution. NOTE: Company is eligible to invest in real estate projects.

NOTES :

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

ECGC Country Risk Classification List – June 30, 2012

Country Name	Previous Rating (31.03.2012)	Current Rating (30.06.2012)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

INDIAN ECONOMIC OVERVIEW

India is developing into an open-market economy, yet traces of its past autarkic policies remain. Economic liberalization, including industrial deregulation, privatization of state-owned enterprises, and reduced controls on foreign trade and investment, began in the early 1990s and has served to accelerate the country's growth, which has averaged more than 7% per year since 1997. India's diverse economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of services. Slightly more than half of the work force is in agriculture, but services are the major source of economic growth, accounting for more than half of India's output, with only one-third of its labor force. India has capitalized on its large educated English-speaking population to become a major exporter of information technology services and software workers. In 2010, the Indian economy rebounded robustly from the global financial crisis - in large part because of strong domestic demand - and growth exceeded 8% year-on-year in real terms. However, India's economic growth in 2011 slowed because of persistently high inflation and interest rates and little progress on economic reforms. High international crude prices have exacerbated the government's fuel subsidy expenditures contributing to a higher fiscal deficit, and a worsening current account deficit. Little economic reform took place in 2011 largely due to corruption scandals that have slowed legislative work. India's medium-term growth outlook is positive due to a young population and corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy. India has many long-term challenges that it has not yet fully addressed, including widespread poverty, inadequate physical and social infrastructure, limited non-agricultural employment opportunities, scarce access to quality basic and higher education, and accommodating rural-to-urban migration.

Source : CIA

EXTERNAL AGENCY RATING

Rating Agency Name	CARE
Rating	BBB [Long Term Bank Facilities]
Rating Explanation	Moderate degree of safety and moderate credit risk.
Date	10.03.2012

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 :	Sarachi Tower, 686, Anandapur, EM-Bypass, Kolkata-700107, West Bengal, India
Tel. No.:	91-33-39843984
Fax No.:	91-33-39844249
E-Mail :	kirtiagarwal@shrachi.com sales@shrachibardhaman.com

DIRECTORS

AS ON 16.09.2011

Name :

Mr. Ravi Todi

Designation :

Director

Address :

2/28, Sarat Bose Road, Kolkata-700020, West Bengal, India

Date of Birth/Age :

01.05.1969

Date of Appointment :

16.10.2006

Din No.:

00080388

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	U29299WB1989PLC046347	SHRACHI INFRASTRUCTURE FINANCE LIMITED	Director	06/09/1989	06/09/1989	-	Amalgamated	NO
2	U65910WB1990PTC048119	SBR CREDIT PRIVATE LIMITED	Director	02/01/1990	02/01/1990	-	Under liquidation	NO
3	U70101WB1989PTC047400	SUTANUTTI CONSTRUCTION PRIVATE LIMITED	Director	25/01/1991	25/01/1991	-	Amalgamated	NO
4	U29219WB1993PTC059719	SINO-INDIAN AGRO MACHINERY COMPANY PRIVATE LIMITED	Director	11/08/1993	11/08/1993	14/11/2007	Active	NO
5	U72100DL1976PLC008348	CONTINENTAL PACKAGINGS LIMITED	Director	01/09/1993	01/09/1993	01/02/2009	Active	NO
6	U51109WB1993PLC060456	GODAVARI LEASING AND FINANCE LIMITED	Director	08/11/1993	08/11/1993	-	Active	NO
7	U65929WB1990PTC048201	G N B CREDIT PRIVATE LIMITED	Director	20/06/1994	20/06/1994	-	Amalgamated	NO
8	U70109WB1997PLC084598	BENGAL SHRACHI HOUSING DEVELOPMENT LIMITED	Director	11/06/1997	11/06/1997	-	Active	NO
9	L28932WB1958PLC023718	BENGAL TOOLS LIMITED	Director	29/09/1997	29/09/1997	-	Amalgamated	NO
10	U34300WB1998PTC087075	SHRACHI AUTO PRIVATE LIMITED	Director	05/05/1998	05/05/1998	01/01/2007	Active	NO
11	U36900WB1992PLC101415	ACCENT INDUSTRIES LIMITED	Director	03/06/2004	03/06/2004	-	Active	NO
12	U85110WB1989PLC046284	ADVANCED MEDICARE AND RESEARCH INSTITUTE LIMITED	Director	29/12/2004	29/12/2004	-	Amalgamated	NO
13	U24231WB1995PLC071347	LIBERTY PHARMA LIMITED	Director	08/12/2005	08/12/2005	-	Active	NO
14	L24130MH1987PLC043709	DUJODWALA PAPER CHEMICALS LIMITED	Director	30/09/2006	30/09/2006	08/06/2012	Active	NO
15	U45200WB2006PTC111545	SHRACHI BURDWAN DEVELOPERS PRIVATE LIMITED	Director	16/10/2006	16/10/2006	-	Active	NO
16	L51504WB1978PLC031813	MAGMA FINCORP LIMITED	Director	04/09/2007	12/04/2007	27/05/2011	Active	NO
17	U65910WB2007PLC120137	MAGMA ITL FINANCE LIMITED	Director	01/11/2007	01/11/2007	27/05/2011	Active	NO
18	U65900WB2007PTC120480	MAGMA CONSUMER FINANCE PRIVATE LIMITED	Director	21/11/2007	21/11/2007	27/05/2011	Active	NO
19	U51216WB1992PLC054541	BENGAL TOOLS LIMITED	Managing director	01/05/2008	15/02/2008	-	Active	NO
20	U74999WB2008PTC126530	MF PROCESS AND SOLUTIONS PRIVATE LIMITED	Director	29/09/2009	12/06/2008	05/03/2010	Active	NO
21	U85110WB1986PLC040525	AMRI HOSPITALS LIMITED	Director	30/09/2009	18/05/2009	-	Active	NO
22	U85300WB1926GAP005585	INDIAN CHAMBER OF COMMERCE CALCUTTA	Director	02/07/2010	27/06/2009	30/06/2011	Active	NO
23	U70109WB1999PTC089015	CELICA DEVELOPERS PRIVATE LIMITED	Director	29/09/2009	19/09/2009	27/05/2011	Active	NO
24	U40102WB1988PTC045661	SUNFLOWR ENGINEERING INDUSTRIES PRIVATE LIMITED	Director	30/09/2009	30/09/2009	-	Active	NO
25	U65993WB1988PTC045852	JUHI INVESTMENT PRIVATE LIMITED	Director	30/09/2009	30/09/2009	-	Active	NO
26	U70109WB1994PTC062617	MARTINA FINANCIAL SERVICES PRIVATE LIMITED	Director	30/09/2009	30/09/2009	-	Amalgamated	NO
27	L51109WB1995PLC071126	BHASKAR SHRACHI ALLOYS LIMITED	Director	20/08/2011	09/11/2010	22/06/2012	Active	NO
28	U28991WB1977PLC031188	CALCUTTA BECON ENGINEERING CO LIMITED	Director	27/05/2011	27/01/2011	-	Converted to LLP and dissolved	NO
29	U28999WB1991PTC053525	GNB LOGISTICS PRIVATE LIMITED	Director	27/05/2011	27/01/2011	-	Converted to LLP and dissolved	NO
30	U70102WB2010PTC152558	SUPREME SHRACHI INFRASTRUCTURES PRIVATE LIMITED	Director	30/09/2011	08/07/2011	-	Active	NO
31	U51909WB2011PTC166761	SAKURA EXIM PRIVATE LIMITED	Director	24/08/2011	24/08/2011	-	Active	NO
32	L74140WB1990PLC049032	SKP SECURITIES LIMITED	Director	28/07/2012	29/10/2011	-	Active	NO
33	AAA-3823	SANJEEVANI VYAPAAR LLP	Designated Partner	17/02/2011	17/02/2011	-	Active	NO
34	AAA-5273	GNB LOGISTICS LLP	Designated Partner	20/06/2011	20/06/2011	-	Active	NO
35	AAA-5315	CALCUTTA BECON ENGINEERING CO LLP	Designated Partner	23/06/2011	23/06/2011	-	Active	NO

Name :

Mr. Rahul Todi

Designation :

Director

Address :

2/28, Sarat Bose Road, Kolkata-700020, West Bengal, India

Date of Birth/Age :

12.09.1976

Date of Appointment :

16.11.2006

Din No.:

00080441

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	U72900WB1997PTC085392	WEB DEVELOPMENT COMPANY PRIVATE LIMITED	Director	27/01/1998	27/01/1998	01/04/2011	Active	NO
2	U65929WB1990PTC048201	G N B CREDIT PRIVATE LIMITED	Director	19/10/1998	19/10/1998	-	Amalgamated	NO
3	U45201WB1994PTC065054	SHRACHI DEVELOPERS PRIVATE LIMITED	Director	15/12/1998	15/12/1998	-	Active	NO
4	U31501WB1999PTC090066	SHRACHI MONOFILAMENT AND FABRICS PRIVATE LIMITED	Director	31/08/1999	31/08/1999	26/10/2010	Active	NO
5	U29299WB1989PLC046347	SHRACHI INFRASTRUCTURE FINANCE LIMITED	Director	20/06/2000	20/06/2000	-	Amalgamated	NO
6	U72200WB1999PTC089760	CONVERGENCE CONTACT CENTRE PRIVATE LIMITED	Director	03/09/2001	03/09/2001	-	Active	NO
7	U70109WB1997PLC084598	BENGAL SHRACHI HOUSING DEVELOPMENT LIMITED	Managing director	01/07/2010	28/06/2002	-	Active	NO
8	U70101WB1990PTC049619	CHITRA ESTATE AND CREDIT PRIVATE LIMITED	Director	13/08/2003	13/08/2003	08/10/2009	Active	NO
9	U26959WB1991PLC052345	INTELLIGENT INFRASTRUCTURE LIMITED	Director	20/01/2005	20/01/2005	-	Active	NO
10	U85110WB1998PTC088482	GITIKA TRADING COMPANY PRIVATE LIMITED	Director	28/03/2005	28/03/2005	02/06/2010	Active	NO
11	U65993WB1988PTC045852	JUHI INVESTMENT PRIVATE LIMITED	Director	08/12/2005	08/12/2005	-	Active	NO
12	U85110WB1986PLC040525	AMRI HOSPITALS LIMITED	Director	19/01/2006	19/01/2006	10/08/2012	Active	NO
13	U45201WB2004PTC100084	ROSEDALE DEVELOPERS PRIVATE LIMITED	Director	03/03/2006	03/03/2006	-	Active	NO
14	U21099WB1984PLC037532	NADIA PULP AND BOARD LIMITED	Director	16/09/2006	16/09/2006	06/07/2012	Active	NO
15	U22219WB1987PLC041828	NADIA SECURITY PRINTING AND STATIONERY CO LIMITED	Director	16/09/2006	16/09/2006	06/07/2012	Active	NO
16	U45200WB2006PTC111545	SHRACHI BURDWAN DEVELOPERS PRIVATE LIMITED	Director	16/11/2006	16/11/2006	-	Active	NO
17	U45203WB2007PTC112357	SHRACHI PGE INFRASTRUCTURE DEVELOPERS PRIVATE LIMITED	Director	02/01/2007	02/01/2007	-	Active	NO
18	U45400WB2007PTC115255	ACME ABASAN PRIVATE LIMITED	Director	14/06/2007	14/06/2007	23/07/2008	Amalgamated	NO
19	U72900WB2006PTC109037	INTELLIGENT STRUCTURES PRIVATE LIMITED	Director	16/07/2007	16/07/2007	-	Active	NO
20	U70101WB2007PTC117468	SHRACHI REALTY PRIVATE LIMITED	Director	26/07/2007	26/07/2007	-	Active	NO
21	U45200BR2007PTC013163	SHRACHI JAIDEEP CONSTRUCTION PRIVATE LIMITED	Director	03/09/2007	03/09/2007	-	Strike off	NO
22	U24232WB2007PTC120042	SIGCAP PHARMACEUTICALS (I) PRIVATE LIMITED	Director	25/10/2007	25/10/2007	-	Active	NO
23	U51109WB2007PTC119754	SHRACHI VIRTUOUS RETAIL PROJECTS PRIVATE LIMITED	Director	07/11/2008	27/06/2008	-	Active	NO
24	U45201WB1989GAP046141	CREDAI BENGAL	Director	20/09/2008	20/09/2008	-	Active	NO
25	U45208WB2009PTC133624	NEWTOWN DWELLERS PRIVATE LIMITED	Director	09/03/2009	09/03/2009	-	Active	NO
26	U24231WB1995PLC071347	LIBERTY PHARMA LIMITED	Director	30/09/2009	30/09/2009	-	Active	NO
27	U22219WB2007PTC120738	SATYA FILMS PRIVATE LIMITED	Director	07/08/2010	07/08/2010	-	Active	NO
28	U70102WB2010PTC152558	SUPREME SHRACHI INFRASTRUCTURES PRIVATE LIMITED	Director	30/09/2011	24/08/2010	-	Active	NO
29	U51216WB1992PLC054541	BENGAL TOOLS LIMITED	Director	29/09/2010	29/09/2010	13/08/2012	Active	NO
30	U70109WB2010PTC154744	MERIT INFRA PROJECTS PRIVATE LIMITED	Director	20/11/2010	20/11/2010	-	Under Process of Striking off	NO
31	U40101ML2011PTC008458	SHRACHI POWER PROJECTS PRIVATE LIMITED	Director	02/03/2011	02/03/2011	-	Strike off	NO
32	U70109WB2010PTC156147	ROMEX PROMOTERS PRIVATE LIMITED	Additional director	15/11/2011	15/11/2011	29/09/2012	Active	NO
33	U21098DL2012PTC242860	BRIJLAXMI PAPER PRODUCTS PRIVATE LIMITED	Director	27/09/2012	27/09/2012	-	Active	NO
34	U45201WB1995PLC067263	BENGAL NRI COMPLEX LIMITED	Director appointed in casual vacancy	14/12/2012	14/12/2012	-	Active	NO
35	AAA-1682	RED CHERRY HOSPITALITY LLP	Designated Partner	28/06/2010	28/06/2010	-	Active	NO

Name :

Mr. Vaibhav Singh

Designation :

Director

Address :

D 6/21, Vasant Vihar, New Delhi-110057, India

Date of Birth/Age :

03.09.1978

Date of Appointment :

16.09.2011

Din No.:

00266540

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	U74899DL1977PTC008534	JAY VEE AGENCIES PRIVATE LIMITED	Director	03/03/1982	03/03/1982	Active	NO
2	U45202GJ2007PLC049808	SADBHAV INFRASTRUCTURE PROJECT LIMITED	Director	30/09/2010	23/09/2010	Active	NO
3	U45208WB2009PTC133624	NEWTOWN DWELLERS PRIVATE LIMITED	Director	29/09/2011	04/11/2010	Active	NO
4	U51109WB2007PTC119754	SHRACHI VIRTUOUS RETAIL PROJECTS PRIVATE LIMITED	Director	29/09/2011	04/11/2010	Active	NO
5	U45200WB2006PTC111545	SHRACHI BURDWAN DEVELOPERS PRIVATE LIMITED	Director	16/09/2011	04/11/2010	Active	NO
6	U70109DL2006PTC152558	TURBO REALTORS PRIVATE LIMITED	Nominee director	16/11/2010	16/11/2010	Active	NO
7	U45201UP2006PTC032120	PLACATE CONSTRUCTIONS PRIVATE LIMITED	Director	30/09/2011	04/12/2010	Active	NO
8	U45201UP2006PTC032121	FROZEN CONSTRUCTIONS PRIVATE LIMITED	Director	30/09/2011	04/12/2010	Active	NO
9	U45400UP2007PTC033725	FLOURISH CONSTRUCTIONS PRIVATE LIMITED	Director	30/09/2011	04/12/2010	Active	NO
10	U45400UP2007PTC033576	ERUDITE CONSTRUCTIONS PRIVATE LIMITED	Director	30/09/2011	04/12/2010	Active	NO
11	U45400UP2007PTC033252	ARTISTRY CONSTRUCTION PRIVATE LIMITED	Director	30/09/2011	04/12/2010	Active	NO
12	U45400UP2007PTC034025	AAJ CONSTRUCTIONS PRIVATE LIMITED	Director	30/09/2011	04/12/2010	Active	NO
13	U45400UP2007PTC034009	YOJNA CONSTRUCTIONS PRIVATE LIMITED	Director	30/09/2011	04/12/2010	Active	NO
14	U45400UP2007PTC034029	UTSAV CONSTRUCTIONS PRIVATE LIMITED	Director	30/09/2011	08/12/2010	Active	NO
15	U45400UP2007PTC034022	DUA CONSTRUCTIONS PRIVATE LIMITED	Director	30/09/2011	08/12/2010	Active	NO
16	U55101DL2008PTC186184	VICINITY HOTELS PRIVATE LIMITED	Director	29/09/2011	15/12/2010	Active	NO
17	U70109DL2006PTC149911	ELDECO CITY PRIVATE LIMITED	Nominee director	18/03/2011	18/03/2011	Active	NO
18	U45400MH2010PLC200734	RAIGANJ-DALKHOLA HIGHWAYS LIMITED	Nominee director	29/09/2011	29/09/2011	Active	NO
19	U45201MH2006PLC164728	NIRMAL BOT LIMITED	Nominee director	29/09/2011	29/09/2011	Active	NO
20	U45400MH2010PLC200733	FARAKKA-RAIGANJ HIGHWAYS LIMITED	Nominee director	29/09/2011	29/09/2011	Active	NO
21	U45200MH2010PLC200748	BAHARAMPORE-FARAKKA HIGHWAYS LIMITED	Nominee director	29/09/2011	29/09/2011	Active	NO
22	U45203MH2008PLC184750	BADARPUR FARIDABAD TOLLWAY LIMITED	Nominee director	29/09/2011	29/09/2011	Active	NO
23	U45202MH2008PLC178890	HCC CONCESSIONS LIMITED	Nominee director	29/09/2011	29/09/2011	Active	NO
24	U70109WB2010PTC156147	ROMEX PROMOTERS PRIVATE LIMITED	Director	29/09/2012	15/11/2011	Active	NO
25	U45200TN2009PTC071311	FUTURA TECHPARK PRIVATE LIMITED	Director	21/02/2012	21/02/2012	Active	NO
26	U45400MH2012PLC232354	NARMADA BRIDGE TOLLWAY LIMITED	Nominee director	25/10/2012	25/10/2012	Active	NO

Name :

Mr. Vishal Kumar

Designation :

Director

Address :

C-96, Sector 39, GB Nagar, Noida-201301, Uttar Pradesh, India

Date of Birth/Age :

17.10.1977

Date of Appointment :

16.09.2011

Din No.:

00272538

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	U74899DL1994PTC061172	BOUTIQUE HOTELS INDIA PRIVATE LIMITED	Director	29/09/2007	07/11/2006	-	Active	NO
2	U45200DL2007PTC160299	ETHENIC REALTORS PRIVATE LIMITED	Nominee director	25/05/2007	25/05/2007	-	Active	NO
3	U70101DL2005PTC139475	MEHAK REALTORS PRIVATE LIMITED	Nominee director	25/05/2007	25/05/2007	-	Active	NO
4	U70101DL2005PTC140402	KEDARNATH BUILDWELL PRIVATE LIMITED	Nominee director	25/05/2007	25/05/2007	-	Active	NO
5	U70101DL2005PTC140400	SHRAMIKA INFRASTRUCTURE PRIVATE LIMITED	Nominee director	25/05/2007	25/05/2007	-	Active	NO
6	U74899DL1987PTC029156	SUGAM VANIJYA HOLDINGS PRIVATE LIMITED	Director	27/09/2008	26/02/2008	-	Active	NO
7	U51109WB2007PTC119754	SHRACHI VIRTUOUS RETAIL PROJECTS PRIVATE LIMITED	Director	07/11/2008	27/06/2008	16/07/2012	Active	NO
8	U55101DL2008PTC186184	VICINITY HOTELS PRIVATE LIMITED	Director	29/12/2008	29/12/2008	04/12/2009	Active	NO
9	U45200AP2006PTC049729	OMEGA SHELTERS PRIVATE LIMITED	Director	30/09/2009	22/01/2009	-	Active	NO
10	U45201HR2005PTC047356	NCR BUSINESS PARK PRIVATE LIMITED	Director	29/09/2009	18/09/2009	-	Active	NO
11	U74999DL2009PTC196762	ZEUS DEVELOPMENT MANAGEMENT PRIVATE LIMITED	Director	09/12/2009	09/12/2009	23/01/2010	Active	NO
12	U85110MH1997PTC106253	AROGYA BHARATI HEALTH PARKS PRIVATE LIMITED	Nominee director	29/09/2010	02/01/2010	-	Active	NO
13	U80904DL2010PTC199763	ARISTOTLE SKOOLS INDIA PRIVATE LIMITED	Director	05/03/2010	05/03/2010	-	Active	NO
14	U65921DL1997PTC084402	XANDER FINANCE PRIVATE LIMITED	Director	09/09/2011	31/07/2010	-	Active	NO
15	U45201GJ2006PTC049353	DHANLAXMI INFRASTRUCTURE PRIVATE LIMITED	Director	30/09/2011	31/01/2011	-	Active	NO
16	U70101DL2005PTC136528	ELDECO JALANDHAR PROPERTIES PRIVATE LIMITED	Nominee director	23/02/2011	23/02/2011	-	Active	NO
17	U73100TN2006PTC061454	TAPP SEMICONDUCTOR INDIA PRIVATE LIMITED	Additional director	15/03/2011	15/03/2011	-	Active	NO
18	U45208WB2009PTC133624	NEWTOWN DWELLERS PRIVATE LIMITED	Director	29/09/2011	30/03/2011	16/07/2012	Active	NO
19	U45200WB2006PTC111545	SHRACHI BURDWAN DEVELOPERS PRIVATE LIMITED	Director	16/09/2011	30/03/2011	-	Active	NO
20	U74140DL2005PTC140099	XANDER ADVISORS INDIA PRIVATE LIMITED	Managing director	26/10/2011	20/09/2011	-	Active	NO
21	U70100HR2011PTC047355	66 BUSINESS PARK PRIVATE LIMITED	Director	13/12/2011	13/12/2011	-	Active	NO
22	U45200TN2009PTC071311	FUTURA TECHPARK PRIVATE LIMITED	Director	21/02/2012	21/02/2012	-	Active	NO
23	U25209HR1970PLC038836	LAKSHMI PAPER INDUSTRIES LIMITED	Director	27/09/2012	27/09/2012	-	Active	NO
24	U70100KA2011PTC060335	MANTRI PREMIER HOMES PRIVATE LIMITED	Additional director	25/10/2012	25/10/2012	-	Active	NO

KEY EXECUTIVES

Name :	Kirti Agarwal
Designation :	Secretary
Address :	28, Tara Chand, Dutta Street, Kolkata-700073, West Bengal, India
Date of Birth/Age :	04.04.1985
Date of Appointment :	01.04.2011
Pan No.:	AKRPA1054F

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 16.09.2011

Names of Shareholders	No. of Preferences Shares	No. of Equity Shares
Xander Investment Holding VI Limited, Mauritius	1584924	1935354
Bengal Shrachi Housing Development Limited, India	7291683	1935355
Voldemort Investment Holding Company Limited, Mauritius	--	1
TOTAL	8876607	3870710

AS ON 16.09.2011

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]	50.00
Bodies corporate	50.00
TOTAL	100.00

BUSINESS DETAILS

Line of Business :

Real Estate Developers.

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

Not Available

Facilities :

Secured Loan	As on 31.03.2012 [Rs. in Millions]	As on 31.03.2011 [Rs. in Millions]
Loans repayable on demand Cash credit and overdraft facilities from bank	134.114	28.885
TOTAL	134.114	28.885
NOTE: Details of security and repayment terms: Cash credit and overdraft facilities from banks carrying interest at the rate of base prime lending rate (BPLR) plus 0.50 basis points per annum compounded on a monthly basis on the actual amount utilized, and are repayable on demand. These are secured by hypothecation of plant and machinery stock of raw materials and work in progress, goods and movable properties, present and future debts and other receivable of the company.

Banking Relations :	--
Auditors :
Name :	BSR and Company Chartered Accountant
Address :	Lodha Excellus, 1^st Floor, Apollo Mills Compound, N.M Joshi Marg, Mahalakshmi, Mumbai-400011, Maharashtra, India
Tel. No.:	91-22-39896000
Fax No.:	91-22-39836000
PAN No:	AAIFB7357B
Other Related Parties :	· Bengal Shrachi Housing Development Limited [U70109WB1997PLC084598] · Xander Investment Holdings Vi Limited · Nalonrod Holdings Limited · Shrachi Virtuous Retail Projects Private Limited [U51109WB2007PTC119754]

CAPITAL STRUCTURE

AS ON 16.09.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
9000000	Equity Shares	Rs.10/- each	Rs.90.000 Millions
17000000	14% Preferences Shares	Rs.10/- each	Rs.170.000 Millions
	TOTAL		Rs.260.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
3870710	Equity Shares	Rs.10/- each	Rs.38.707 Millions
8876607	14% Non Cumulative Preferences Shares	Rs.10/- each	Rs.88.766 Millions
	TOTAL		Rs.127.473 Millions

AS ON 31.03.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
4000000	Equity Shares	Rs.10/- each	Rs.40.000 Millions
17000000	14% Non Cumulative Preferences Shares	Rs.10/- each	Rs.170.000 Millions
	TOTAL		Rs.210.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
17588840	Class “A” Equity Shares	Rs.10/- each	Rs.17.589 Millions
17588840	Class “B” Equity Shares	Rs.10/- each	Rs.17.589 Millions
1584924	Class “C” 14% Non Cumulative Preferences Shares	Rs.10/- each	Rs.15.849 Millions
7291683	Class “D” 14% Non Cumulative Preferences Shares	Rs.10/- each	Rs.72.917 Millions
	TOTAL		Rs.123.944 Millions

NOTES:

RECONCILIATION OF THE EQUITY SHARES OUTSTANDING AT THE BEGINNING AND AT THE END OF THE YEAR

Particular	As on 31.03.2012
Equity Shares	No. of Shares	Rs. in Millions
Class “A” Equity Shares of Rs.10 each, fully paid-up
Shares at the beginning of the year	1935355	19.354
Less: Shares bought back during the year	176471	1.765
Shares at the end of the year	1758884	17.589
Class “B” Equity Shares of Rs.10 each, fully paid-up
Shares at the beginning of the year	1935355	19.354
Less: Shares bought back during the year	176471	1.765
Shares at the end of the year	1758884	17.589

Particular	As on 31.03.2012
Preferences Shares	No. of Shares	Rs. in Millions
14% Class “C” Non Cumulative Preferences Shares of Rs.10 each, fully paid up
Share at the beginning of the year	1584924	15.849
Movement during the year	--	--
Shares at the end of the year	1584924	15.849
14% Class “C” Non Cumulative Preferences Shares of Rs.10 each, fully paid up
Share at the beginning of the year	7291683	72.917
Movement during the year	--	--
Shares at the end of the year	7291683	72.917

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2012	31.03.2011	31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		123.944	127.473	127.473
2] Share Application Money		0.000	0.00	0.000
3] Reserves & Surplus		45.371	115.845	142.503
4] (Accumulated Losses)		0.000	0.000	(39.202)
NETWORTH		169.315	243.318	230.774
LOAN FUNDS
1] Secured Loans		134.114	28.885	0.046
2] Unsecured Loans		25.000	25.000	25.000
TOTAL BORROWING		159.114	53.885	25.046
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		328.429	297.203	255.820
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		8.348	9.240	10.011
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.000	11.466	28.485
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	1200.433	894.745	633.723
	Sundry Debtors	3.812	3.812	0.000
	Cash & Bank Balances	5.732	30.712	2.294
	Other Current Assets	0.990	0.119	0.000
	Loans & Advances	50.047	47.876	27.682
Total Current Assets		1261.014	977.264	663.699
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	95.606	85.640	85.080
	Other Current Liabilities	845.185	611.663	358.495
	Provisions	0.142	3.464	2.800
Total Current Liabilities		940.933	700.767	446.375
Net Current Assets		320.081	276.497	217.324
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		328.429	297.203	255.820

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Sale of Developed Land	0.000	40.365	0.000
		Revenue From Construction and Sale of Real Estate	56.500	0.000	4.417
		Other Operating Revenues	1.801	2.130	0.000
		Other Income	4.984	3.005	2.872
		TOTAL (A)	63.285	45.500	7.289
Less	EXPENSES
		Construction Costs	361.882	308.395	164.787
		Employee Benefits	1.814	0.493	1.133
		Other Expenses	16.621	18.761	16.089
		Changes in Inventories of Work in Progress	(305.688)	(297.738)	(164.788)
		TOTAL (B)	74.629	29.911	17.221
Less	PROFIT / (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		(11.344)	15.589	(9.932)
Less	FINANCIAL EXPENSES (D)		0.000	0.001	0.015
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		(11.344)	15.588	(9.947)
Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.000	0.000	0.000
	PROFIT / (LOSS) BEFORE TAX (E-F) (G)		(11.344)	15.588	(9.947)
Less	TAX (H)		0.000	0.384	0.000
	PROFIT / (LOSS) AFTER TAX (G-H) (I)		(11.344)	15.204	(9.947)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		NA	(39.201)	(29.254)
	BALANCE CARRIED TO THE B/S		NA	(23.997)	(39.201)
	IMPORTS
		Purchases of Building Materials	4.557	6.678	NA
	TOTAL IMPORTS		4.557	6.678	NA
	Earnings / (Loss) Per Share (Rs.)		(3.06)	3.93	(2.57)

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	(17.93)	33.42	(136.47)
Net Profit Margin (PBT/Sales)	(%)	(20.07)	38.62	(225.20)
Return on Total Assets (PBT/Total Assets}	(%)	(0.89)	1.58	(1.47)
Return on Investment (ROI) (PBT/Networth)		(0.07)	0.06	(0.04)
Debt Equity Ratio (Total Debt/Networth)		0.94	0.22	0.11
Current Ratio (Current Asset/Current Liability)		1.34	1.39	1.49

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	No
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	No
34]	External Agency Rating, if available	Yes

BACKGROUND:

Subject was incorporated on 16 October 2006 at Kolkata, State of West Bengal a Special Purpose Vehicle (SPV) of Bengal Shrachi Housing Development Limited (BSHDL) and Xander Investment Holdings VI Limited, (a company incorporated under the low of Mauritius). BSHDL is a joint venture between West Bengal Housing Board and Shrachi Group. The company has acquired development rights in the land and Mouza Nababhat Burdwan form BSHDL. The objective of the company is to develop the land into a mini township.

BUY-BACK OF EQUITY SHARES:

The company vide the resolution passed at the Annual General Meeting dated 16 September 2011, has bought back 176471 Class “A” Equity Shares of Rs.10 each and 176471 Class “B” Equity Shares of Rs. 10 each at a price of Rs.170 per share. In accordance with the provisions of Section 77 A of the Act, the premium on buy-back amounting to Rs.56.470 Millions has been adjusted out of the securities premium account.

DIVIDEND ON 14% CLASS “C” AND CLASS “D” NON CUMULATED PREFERENCES SHARES:

The preferences share holders have waived their right to preference dividend in respect of the current year ended 31 March 2012. Accordingly, provision for preferences dividend has not been created as at 31 March 2012.

OTHER MATTERS:

Information with regard to other matters specified in revised scheduled VI to the Act is either nil or not applicable to the company for the year.

Unsecured Loan	As on 31.03.2012 [Rs. in Millions]	As on 31.03.2011 [Rs. in Millions]
Debentures 2500000 16.75% Fully Convertible Debentures of Rs.10 each Fully Paid Up	25.000	25.000
TOTAL	25.000	25.000
NOTE: 16.75% Fully convertible debentures (FCD’s) of Rs.10 each, fully paid up were allotted pursuant to the shareholders agreement and shares subscription agreement both dated 20 October 2006 (as amended through the second addendum dated 22 September 2008). These FCD’s have been issued for a period of eighteen months from the date of issue, i.e. 24 September 2008 and 29 January 2009 and these are non-marketable and unsecured. Of the total 500000 16.75 FCD’s issued 2500000 FCD’s held by Nalonrod Holding Limited were convertible into 2500000 Class “A” equity shares of Rs.10 each fully paid up and 2500000 FCD’s held by Bengal Shrachi Housing Development Limited were convertible into 2500000 Class “B” equity shares of Rs. 10 each, fully paid up at such terms and conditions as may be decided by the board of directors of the company at the time of conversion on 29 July 2010 and by 24 March 2010 respectively. During the earlier year, the company has converted the FCD’s held by Bengal Shrachi Housing Development Limited into optionally convertible debenture and redeemed these debentures at par. Additionally, vide board resolution passed on 17 September 2009; the date of redemption of the debentures held by Nalonrod Holdings Limited has been amended to 13 October 2013.

FIXED ASSETS:

· Leasehold Land

· Office Building

· Plant and Machinery

· Furniture and Fixtures

· Motor Van

· Computer and Accessories

· Office Equipments

PRESS RELEASES:

SHRACHI TO BUILD BARDHAMAN TOWNSHIP

Kolkata-based Shrachi Burdwan Developers Private Limited will develop a satellite township, namely Renaissance; spread over 256 acres, on the outskirts of Barddhaman town.

The foundation stone for the project was laid down by Nirupam Sen, minister for commerce and industries, West Bengal and the chairman of the Burdwan Development Authority (BDA).

Formed in 2002, the BDA is a statutory authority under the Government of West Bengal, formed with the vision of developing Barddhaman as an ideal destination for industry.

Speaking on the occasion, Sen said BDA was planning to develop more township projects in Barddhaman to avoid unplanned growth of the city.

Renaissance would be a comprehensive township with a wide range of residential, retail, administrative, health and educational facilities to cater to both the residents in Barddhaman and the surrounding region.

An administrative centre, a town square with facilities like.

SHRACHI EYES MORE PROJECTS

Kolkata-based Shrachi Developers is eying residential projects in small towns to beat the slump in the property market.

The real estate company is planning to launch two high income group (HIG) residential projects at Kharagpur and Jamshedpur by year-end.

"We hope to launch two residential projects at Kharagpur and Jamshedpur in the next six-nine months. The projects are yet to be finalised. Over the last two years, we have shifted our focus to tier II and III cities, due to the immense untapped potential in the areas. In the next one year our main focus will be to complete the ongoing projects," said Rahul Todi, managing director of Shrachi Group.

Shrachi is the process of purchasing land for the two projects, with each of them likely to be spread over 15-20 acre.

Shrachi Burdwan Developers, a part of the Rs.10000.000 Millions Shrachi Group, is also in the process of developing a satellite township, namely Renaissance, spread over 256 acres, on the outskirts of Burdwan town.

The first phase of the project, with about 400 bungalows, was likely to be finished by the end of 2010, said Todi. Out of the 400 buildings slated for the first phase of Renaissance, nearly 250 had been sold so far, he added.

"We have received good response from the local residents at Burdwan, where the economy is mainly dependent upon agriculture. Thus, it is more or less immune to the overall economic slowdown. This apart, the pricing is also reasonable," Todi said.

This apart, Shrachi is also developing a retail-cum-commercial project at Durgapur, over 3.50 lakh square feet, and project cost of Rs 90 crore. Renaissance would be a comprehensive township with a wide range of residential, retail, administrative, health and educational facilities.

KOLKATA: 89 KILLED IN AMRI HOSPITAL FIRE; SIX BOARD MEMBERS ARRESTED

Kolkata: Six board members of the AMRI hospital in Kolkata have been arrested for culpable homicide after this morning's fire in which 89 people - 85 patients and four staff members - died. The board members including prominent industrialists SK Todi and RS Goenka - reported to also be the owners of the hospital - voluntarily surrendered at a local police station.

There were 160 people inside the hospital in Dhakuria, south Kolkata, when the fire began at about 3 am.

Families of the victims and the government accuse the privately-owned and posh hospital of ignoring basic fire safety laws; they also say that after the fire began, doctors and staff members abandoned patients, many of who were immobile.

Chief Minister Mamata Banerjee said this morning's tragedy was "an unforgivable crime" and vowed "the harshest punishment possible" for those found responsible. "As per my announcement that offenders will be arrested, six persons, including SK Todi, have been arrested," Ms Banerjee told reporters. "Law will take its own course. Those responsible for so many deaths will be dealt with seriously," she said. Ms Banerjee said the fire services authorities and the police had cautioned the AMRI Hospital authorities in September about its basement. "AMRI had given an undertaking, but did not keep it," she said.

The licence of the hospital has been cancelled. A First Information Report or FIR has also been filed, which launches a criminal case. "It was horrifying that the hospital authorities did not make any effort to rescue trapped patients," said Subrata Mukherjee, West Bengal state minister for public health engineering. "Senior hospital authorities ran away after the fire broke out."

The fire began in the basement, where highly inflammable material was allegedly stored. Eyewitnesses say they first spotted and reported smoke streaming from the hospital around 3 am, but the first fire engine arrived two hours later. Additional Director General Fire Services D Biswas, however, denied any delay. He said that the fire brigade was informed at 4.10 am and it responded immediately.

The road leading to the hospital is narrow and congested. Inside the hospital, there was chaos - the building was engulfed in smoke, many patients suffocated. "Every door is locked, every window is locked," said a resident who tried to help. (Watch: Rescue worker shares what he saw) "We cannot bring any patient outside," he said, his anger visible. Through the morning, firemen were seen using ropes and ladders to enter the different floors of the hospital; some windows had to be smashed. News agency IANS quoted an unnamed hospital spokesperson who reportedly said, "At the time of the fire, there were 160 patients, including around 40-50 in the ICU (Intensive Care Unit)." A man whose wife, Munmun, died in the fire says that in the orthopedic ward where she suffocated, most patients were injured and could not move to safety. (Munmun, 36, phoned husband to say she was suffocating)

By 11 am, bodies were being moved to the SSKM hospital, where families were asked to identify them.

Fire department officials like Mr Biswas blame the hospital for turning into a death trap, alleging that the hospital did not have adequate fire-fighting facilities. AMRI staff denies this. "All statutory safety and fire licences are in place," said S Upadhay, senior vice-president of the hospital.

Relatives of patients vandalized the reception of the hospital this morning, upset that not enough information was being shared by staff. (Read: Family members vandalise hospital reception)

AMRI hospital was set up in 1996, and is co-owned by the Emami and Shrachi Groups.

AMRI HOSPITAL FIRE: 88 LIVES LOST DUE TO NEGLIGENCE

Kolkata: The massive fire at the AMRI Hospital in south Kolkata's Dhakuria may have originated from the northwest side of the basement, forensic experts later on Friday said. The officials visited the hospital where people perished due to suffocation caused by the smoke.

State Forensic Research Laboratory Director Dhurjoti Sengupta said they could not collect specimens as the basement was under two feet of water. "When the water recedes, we will be able to make an examination," he said.

Six owners of the hospital were arrested on Friday following the massive fire in which at least 88 people have been killed. The six who have been arrested are SK Todi, RS Goenka, Ravi Todi, Manish Goenka, Prasanta Goenka and Dayananda Agarwal, and the licence of the hospital has been cancelled.

A senior Kolkata Police officer said that the six have been charged with negligence, culpable homicide not amounting to murder and attempt to culpable homicide.

Senior police officials revealed that the hospital was issued a warning in July about inadequate fire safety mechanism.

Joint CP Crime, Kolkata Damayanti Sen said, "Six directors of AMRI Hospital charged under Section 304 (Punishment for culpable homicide not amounting to murder), 308 (Attempt to commit culpable homicide), 285 (Negligent conduct with respect to Fire), 34 (Common intent) of IPC. Case also registered under 11-C, 11-J & 11-L under West Bengal Fire services Act. Arrest of the 6 directors of AMRI done over FIR which was filed by Fire services Department." Sen added, "Hospital filed an affidavit in July stating that they will comply instructions within two months. Fire services department got the information late from Lal Bazaar Police Control Room around 4:08 am."

All the six directors had earlier in the day surrendered before the Kolkata police at Lal Bazar Police Headquarters following the tragedy, which is perhaps the worst hospital disaster in the country.

The devastating fire which claimed the lives of 70 patients and three hospital employees reportedly started at the basement of AMRI Hospital at around 3:30 am on Friday and most of the victims died due to suffocation.

Fifty nine of the patients rescued are now admitted at different hospitals - 42 at AMRI Mukundpur, 5 at Belle Vue Clinic, 9 at AMRI Saltlake, 1 at Calcutta Medical College and 2 at SSKM Hospital.

Relatives and family of the patients allege that the hospital was in knowledge of the fire as early as 1 am, but most of the employees fled as soon as the fire broke out leaving behind the patients, many of whom were in critical condition.

The first fire tender reached the spot at only around 4:45 am and in all 30 fire tenders were pressed into service.

But even before the fire tenders reached, the flames had spread and thick black smoke engulfed the entire annexe building of AMRI, resulting in the fatalities.

Out of the 150 people admitted in the 161-bed hospital, 90 were rescued. As angry relatives gathered at the hospital to look for their loved ones, they vent their ire at the lack of relief and rescue efforts by the hospital authorities by damaging AMRI's properties.

For several hours there was no one to assist relatives of the patients. Angry over 'mismanagement', some relatives vandalised the reception at the main hospital building.

AMRI Hospital is jointly promoted by the RS Goenka-led Emami Group and the SK Todi-led Shrachi Group of companies.

West Bengal Chief Minister Mamata Banerjee rushed to the spot to take stock of the situation and also ordered an FIR against the hospital authorities.

There was still no clarity on what caused the fire. West Bengal Health Minister Sudip Bandhyopadhyay said that the Government was shocked to know that the fire safety measures were not in place in the hospital.

However, Senior Vice President of the AMRI hospital Dr S Upadhyay claimed all the necessary fire equipment was in place.

The angry relatives of the patients who died alleged that the hospital staff abandoned patients and did not help them rush out. They said that this resulted in suffocation, and therefore, deaths of the patients.

The relatives alleged there was little help from hospital staff and security personnel when the patients were gasping for breath in their beds.

"Isn't it strange that in such a fire only patients lose their lives and not a single casualty from the hospital. They left the patients to choke to death," said an angry relative of a patient.

Upset and angry relatives destroyed hospital property shouting slogans against authorities for not having enough fire safety measures. The fire had also engulfed the ICU and relatives claim that they were the ones who rescued most patients and that help arrived much later. A few of them also heckled officials at the spot.

The hospital announced that the family of those who have died will be paid Rs 5 lakh as compensation. Reports said many bodies were moved to SSKM hospital. The identification of bodies was on but sources said some of the bodies may not be identified as they were charred.

"The fire engulfed four floors of one of the buildings of the AMRI hospital in Dhakuria," an officer manning the city police control room told IANS over phone.

Many of the patients who had been administered sedatives died in their sleep, while others could only helplessly watch the smoke enter their cabins through the doors and AC vents.

The 161-bed hospital is located in Dhakuria in Kolkata. Firemen using ladders smashed window panes in the facade to rescue patients trapped inside the ICU, ICCU, ITU and Critical Care units.

Fire Services Minister Javed Khan said the fire spread because of stocks of highly combustible material. The hospital also did not have proper fire-fighting equipment, he said.

Fire brigade sources said that firemen were trying to locate oxygen cylinders stocked on the floors, as the fire could make them explode.

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transaction 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.54.48
UK Pound	1	Rs.82.71
Euro	1	Rs.72.23

INFORMATION DETAILS

Report Prepared by :

TPT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	-
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		29

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.