MIRA INFORM REPORT

Report Date :

03.01.2013

IDENTIFICATION DETAILS

Name :	SHUBHKAMNA BUILDTECH PRIVATE LIMITED
Registered Office :	197-E, Pocket-IV, Mayur Vihar Phase-I, Delhi - 110091
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	08.12.2006
Com. Reg. No.:	55-156384
Capital Investment / Paid-up Capital :	Rs. 10.000 Millions
CIN No.: [Company Identification No.]	U45200DL2006PTC156384
Legal Form :	Private Limited Liability Company
Line of Business :	Real Estate Developer and Builder.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ca (14)

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

Status :	Moderate
Payment Behaviour :	Slow and delayed
Litigation :	Clear
Comments :	Subject is a small company in its field. Its scale of activities is limited. It has incurred loss from its operations. The financial position of the company is unhealthy. However, business is active. Payment terms are slow and delayed. The company can be considered for small to mediocre business dealings on a safe and secured trade terms and conditions.

NOTES :

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

ECGC Country Risk Classification List – 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

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 :	197-E, Pocket-IV, Mayur Vihar Phase-I, Delhi – 110091, India
Tel. No.:	Not Available
Mobile No.:	91-9810672820 (Mr. Anand Jain)
Fax No.:	Not Available
E-Mail :	caanandjain@gmail.com
Website :	www.shubhkamnaadvert.com
Site Office :	GH – 05, Sector – 137, Expressway Gautam Buddh Nagar, Noida – 201301, Uttar Pradesh, India

DIRECTORS

AS ON 30.09.2011

Name :

Mr. Diwakar Sharma

Designation :

Director

Address :

437-H, Pocket-2 Mayur Vihar, Phase-1, Delhi – 110091, India

Date of Birth/Age :

18.09.1957

Date of Appointment :

08.12.2006

PAN No.:

AOHPS3660K

Voter ID No.:

DL/04/037/243115

DIN No.:

00743717

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	U45200DL2006PTC156384	SHUBHKAMNA BUILDTECH PRIVATE LIMITED	Director	08/12/2006	08/12/2006	-	Active	NO
2	U01135DL2008PTC173819	SHUBHKAMNA FLORITECH (INDIA) PRIVATE LIMITED	Director	08/02/2008	08/02/2008	-	Active	NO
3	U66010DL2008PLC173191	NETAMBIT INSURANCE BROKING INDIA LIMITED	Additional director	30/06/2008	30/06/2008	29/07/2008	Active	NO
4	U65921DL2009PTC195633	SHUBHKAMNA CAPITAL & SECURITIES PRIVATE LIMITED	Director	03/11/2009	03/11/2009	-	Active	NO
5	U70100DL2010PTC204236	SHUBHKAMNA INFRATECH & HOUSING PRIVATE LIMITED	Director	17/06/2010	17/06/2010	-	Active	NO
6	U45204DL2010PTC210768	SHUBHKAMNA PROJECTS PRIVATE LIMITED	Director	25/11/2010	25/11/2010	-	Active	NO
7	U45200DL2010PTC210885	SHUBHKAMNA BUILDWELL & ESTATES PRIVATE LIMITED	Director	29/11/2010	29/11/2010	-	Active	NO
8	U45400DL2010PTC209160	RUDRA BUILDWELL INFRA PRIVATE LIMITED	Additional director	04/01/2011	04/01/2011	12/05/2011	Active	NO
9	U70100DL2011PTC219886	SHUBHKAMNA ADVERT BUILDTECH PRIVATE LIMITED	Director	26/05/2011	26/05/2011	-	Active	NO
10	U70100DL2011PTC219875	ADVERT SHUBHKAMNA BUILDCON PRIVATE LIMITED	Director	26/05/2011	26/05/2011	-	Active	NO
11	U45201DL2001PTC111285	TANUJ-ISHAN CONSTRUCTION PRIVATE LIMITED	Director	15/12/2011	15/12/2011	-	Active	NO
12	U51909DL2005PTC141814	PSA IMPEX PRIVATE LIMITED	Additional director	17/03/2012	17/03/2012	-	Active	NO
13	U45200DL2007PTC158540	JSS BUILDCON PRIVATE LIMITED	Director	01/09/2012	01/09/2012	-	Active	NO

Name :

Mr. Piyush Tiwari

Designation :

Director

Address :

D-186, Sector – 27, Noida – 201301, Uttar Pradesh, India

Date of Birth/Age :

12.09.1980

Date of Appointment :

22.04.2011

DIN No.:

00390590

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	U74996DL2006PTC154032	CLAN SOLAR TECHNOLOGIES PRIVATE LIMITED	Director	18/09/2006	18/09/2006	23/01/2010	Strike off	NO
2	U74300DL2006PTC154090	M C OUTDOOR ADVERTISING PRIVATE LIMITED	Director	19/09/2006	19/09/2006	03/10/2009	Strike off	NO
3	U74999DL2003PLC120031	ARC OUTDOOR MEDIA LIMITED	Director	01/04/2007	01/04/2007	03/10/2009	Active	NO
4	U22219DL2007PTC164869	ADVERT COMMUNICATIONS PRIVATE LIMITED	Director	18/06/2007	18/06/2007	01/02/2011	Active	NO
5	U66010DL2008PLC173191	NETAMBIT INSURANCE BROKING INDIA LIMITED	Additional director	30/06/2008	30/06/2008	29/07/2008	Active	NO
6	U74300DL2008PTC181274	TIMESQUARE MEDIA SERVICES PRIVATE LIMITED	Director	24/07/2008	24/07/2008	03/10/2009	Active	NO
7	U92100DL2008PTC181873	METRO COMMUNICATIONS INDIA PRIVATE LIMITED	Director	11/08/2008	11/08/2008	-	Active	NO
8	U45200DL2010PTC208869	YASH INFRAFARMS AND DEVELOPERS PRIVATE LIMITED	Director	29/09/2010	29/09/2010	-	Active	NO
9	U45400DL2011PTC213700	ADVERT INFRACON PRIVATE LIMITED	Director	10/02/2011	10/02/2011	-	Active	NO
10	U45200DL2006PTC156384	SHUBHKAMNA BUILDTECH PRIVATE LIMITED	Director	22/04/2011	22/04/2011	-	Active	NO
11	U45400DL2011PTC218733	ADVERT BUILDCON PRIVATE LIMITED	Director	06/05/2011	06/05/2011	-	Active	NO
12	U70100DL2011PTC219886	SHUBHKAMNA ADVERT BUILDTECH PRIVATE LIMITED	Director	26/05/2011	26/05/2011	-	Active	NO
13	U70100DL2011PTC219875	ADVERT SHUBHKAMNA BUILDCON PRIVATE LIMITED	Director	26/05/2011	26/05/2011	-	Active	NO
14	U51909DL2005PTC141814	PSA IMPEX PRIVATE LIMITED	Additional director	17/03/2012	17/03/2012	-	Active	NO
15	U45200DL2007PTC158540	JSS BUILDCON PRIVATE LIMITED	Director	01/09/2012	01/09/2012	-	Active	NO
16	U45200DL2010PTC210885	SHUBHKAMNA BUILDWELL & ESTATES PRIVATE LIMITED	Director	19/11/2012	19/11/2012	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2011

Names of Shareholders	No. of Shares
Diwakar Sharma	509500
Kamal Singh Rauthan	500
Brys International Private Limited, India	490000
Total	1000000

AS ON 30.09.2011

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

BUSINESS DETAILS

Line of Business :

Real Estate Developer and Builder.

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

Dewan Housing Finance Corporation Limited, Warden House, 2^nd Floor, Sir P.M. Road, Fort, Mumbai – 400001, Maharashtra, India

Facilities :

Unsecured Loans	31.03.2011	31.03.2010
	(Rs. In Millions)
From Directors, Relatives & Friends	32.449	51.364
Total	32.449	51.364

Banking Relations :	--
Auditors :
Name :	Anand Kumar Chartered Accountant
Address :	1/450, Mission Road, Sonepat – 131001, Haryana, India
Tel. No.:	91-130-2253822
Mobile No.:	91-9810672820
Income-tax PAN of auditor or auditor's firm :	AFCPJ6195G
Related Parties :	Ø Om Sai Associates Ø Tanuj-Ishan Construction Private Limited Ø Shubhkamna Capital and Securities Private Limited Ø Overseas Estate Private Limited Ø Rudra Buildwell Projects Private Limited Ø Sai Trading Company

CAPITAL STRUCTURE

AS ON 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
5,000,000	Equity Shares	Rs. 10/- each	Rs. 50.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1,000,000	Equity Shares	Rs. 10/- each	Rs. 10.000 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011	31.03.2010	31.03.2009
SHAREHOLDERS FUNDS
1] Share Capital		10.000	5.100	5.000
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		0.000	0.030	0.030
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		10.000	5.130	5.030
LOAN FUNDS
1] Secured Loans		0.000	0.000	0.000
2] Unsecured Loans		32.449	51.364	12.880
TOTAL BORROWING		32.449	51.364	12.880
DEFERRED TAX LIABILITIES		0.094	0.000	0.000
TOTAL		42.543	56.494	17.910
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1.198	0.619	0.831
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		131.640	68.146	15.663
DEFERRED TAX ASSETS		0.000	0.020	0.020
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000	0.000	0.000
	Sundry Debtors	0.000	0.000	0.000
	Cash & Bank Balances	21.222	7.095	0.089
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	106.184	0.025	1.366
Total Current Assets		127.406	7.120	1.455
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	5.835	0.019	0.000
	Other Current Liabilities	212.892	19.716	0.018
	Provisions	0.000	0.000	0.111
Total Current Liabilities		218.727	19.735	0.129
Net Current Assets		(91.321)	(12.615)	1.326
MISCELLANEOUS EXPENSES		1.026	0.324	0.070
TOTAL		42.543	56.494	17.910

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	4.185	0.000	0.000
		Other Income	0.001	0.000	0.532
		TOTAL	4.186	0.000	0.532
Less	EXPENSES
		Direct Expenses	2.954	0.000	0.000
		Administrative Expenses	1.549	0.000	0.078
		TOTAL	4.503	0.000	0.078
	PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		(0.317)	0.000	0.454
Less/ Add	DEPRECIATION/ AMORTISATION		0.290	0.000	0.227
	PROFIT/ (LOSS) BEFORE TAX		(0.607)	0.000	0.227
Less	TAX		0.114	0.000	0.091
	PROFIT/ (LOSS) AFTER TAX		(0.721)	0.000	0.136
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		0.030	0.030	(0.106)
	BALANCE CARRIED TO THE B/S		(0.691)	0.030	0.030
	Earnings/ (Loss) Per Share (Rs.)		(0.72)	0.00	0.14

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	(17.22)	0.00	25.56
Net Profit Margin (PBT/Sales)	(%)	(14.50)	0.00	0.00
Return on Total Assets (PBT/Total Assets}	(%)	(0.47)	0.00	9.93
Return on Investment (ROI) (PBT/Networth)		(0.06)	0.00	0.05
Debt Equity Ratio (Total Liability/Networth)		25.12	13.86	2.59
Current Ratio (Current Asset/Current Liability)		0.58	0.36	11.28

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	No
9]	Name of person contacted	No
10]	Designation of contact person	No
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	--
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	No
20]	Export / Import details (if applicable)	No
21]	Market information	--
22]	Litigations that the firm / promoter involved in	--
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	--
26]	Buyer visit details	--
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	No
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	Yes
34]	External Agency Rating, if available	No

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	U45200DL2006PTC156384
Name of the company	SHUBHKAMNA BUILDTECH PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	197-E, Pocket-IV, Mayur Vihar Phase-I, Delhi - 110091, India Email: caanandjain@gmail.com
This form is for	Creation of charge
Type of charge	Immovable property Book debts
Particular of charge holder	Dewan Housing Finance Corporation Limited, Warden House, 2nd Floor, Sir P M Road, Fort, Mumbai – 400001, Maharashtra, India Email: pkkumar@dhfl.com CIN No.: L65910MH1984PLC032639
Nature of description of the instrument creating or modifying the charge	Memorandum of Deposit of Title Deeds duly registered with the Office of Sub-Registrar, Noida, and Hypothecation of Receivables
Date of instrument Creating the charge	16.12.2011
Amount secured by the charge	Rs. 250.000 Millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest 20% per annum Terms of Repayment 60 months Margin 1.75% + RPLR Extent and Operation of the charge Entire Project Land of Shubhkamna Advert Technomes, Area 22567, Plot No. GH 05/B, Sector - 137, Noida also charge on all future receivables including sold and unsold flats in the project and also to keep all receivables from these in escrow account opened and operated as per the escrow agreement to be signed between the borrower and the lender as mentioned in the Hypothecation of Receivables.
Short particulars of the property charged	Details as provided under the Memorandum of Deposit of Title Deeds and Hypothecation of Receivables

FIXED ASSETS:

Ø Air Conditioner

Ø Car

Ø Computer

Ø Furniture

Ø Refrigerator

Ø Software

Ø Telephone Set

Ø Website

Ø Plant and Machinery

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. 54.39
UK Pound	1	Rs. 88.76
Euro	1	Rs. 72.19

INFORMATION DETAILS

Report Prepared by :

BVA

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	2
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	2
--PROFITABILIRY	1~10	-
--LIQUIDITY	1~10	1
--LEVERAGE	1~10	1
--RESERVES	1~10	-
--CREDIT LINES	1~10	1
--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		14

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.