MIRA INFORM REPORT

Report Date :

04.06.2013

IDENTIFICATION DETAILS

Name :	HANJER BIOTECH ENERGIES PRIVATE LIMITED

Registered Office :	702, 7^th Floor, Ackruti Solaris, N.S. Phadke Road, Andheri (East), Mumbai-400069, Maharashtra

Country :	India

Financials (as on) :	31.03.2011

Date of Incorporation :	15.07.2003

Com. Reg. No.:	11-141342

Capital Investment / Paid-up Capital :	Rs.2510.000 Millions

CIN No.: [Company Identification No.]	U90000MH2003PTC141342

TAN No.: [Tax Deduction & Collection Account No.]	MUMH08878C

PAN No.: [Permanent Account No.]	AABCH3870K

Legal Form :	Private Limited Liability Company

Line of Business :	Subject is engaged in Solid Waste Processing using a unique combination of Integrated Multi Product Processing Technology for Municipal Solid Waste (MSW) Processing and Manufacture of Bio Organic Fertilizers and Green Fuel.

No. of Employees :	800 [Approximately]

RATING & COMMENTS

MIRA’s Rating :

Ba (47)

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

Maximum Credit Limit :	USD 16700000

Status :	Satisfactory

Payment Behaviour :	Usually Correct

Litigation :	Clear

Comments :	Subject is a subsidiary of “Hanjer Biotech Private Limited”. It is a well established company having satisfactory track record. The latest financials of the company are not made available. However, financial position of the company appears to be good. There appears strong growth in revenue coupled with robust margins and profitability indicators. Trade relations are reported as decent. Business is active. Payment terms are usually correct. The company can be considered normal for business dealings at usual 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

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

EXTERNAL AGENCY RATING

Rating Agency Name	ICRA
Rating	BBB [Term Loan]
Rating Explanation	Having moderate degree of safety regarding timely servicing of financial obligation it carry moderate credit risk.
Date	March 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.

INFORMATION PARTED BY

Name :	Mr. Nadeem Mohamed Ashraf Furniturewala
Designation :	Director
Contact No.:	91-9940592351

LOCATIONS

Registered Office :	702, 7^th Floor, Ackruti Solaris, N.S. Phadke Road, Andheri (East), Mumbai-400069, Maharashtra, India
Tel. No.:	91-22-26841425/26841554
Mobile No.:	91-9940592351 [Mr. Nadeem Mohamed Ashraf Furniturewala]
Fax No.:	91-22-26842617
E-Mail :	info@hanjer.com

Corporate Office :	401, Huma Mall, LBS Marg, Kanjur Marg (West), Mumbai-400078, Maharashtra, India
Tel No.:	91-22-25782542
Fax No.:	91-22-25782543

Regional Office :	North India: A-108, Sector 4, Noida-201301, Uttar Pradesh, India Tel No.: 91-120-4012327/4012387 Email: info@hanjer.com Surat: Hanjer Chamber, Ground Floor, Zampa Bazar, Surat-395003, Gujarat, India Tel No.: 91-261-2410663 Fax No.: 91-261-2458550 Email: info@hanjer.com

DIRECTORS

AS ON 29.09.2012

Name :

Mr. Nadeem Mohamed Ashraf Furniturewala

Designation :

Director

Address :

62, Peridot Building, 22-A, Perry Cross Road, Bandra (West), Mumbai-400050, Maharashtra, India

Date of Birth/Age :

23.08.1979

Date of Appointment :

30.09.2011

Din No.:

00125801

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	U90000MH2003PTC141342	HANJER BIOTECH ENERGIES PRIVATE LIMITED	Director	30/09/2011	15/07/2003	-	Active	NO
2	U90009MH2007PTC167061	HANJER BIOTECH ENERGIES (THANE) PRIVATE LIMITED	Director	30/09/2011	17/01/2007	-	Active	NO
3	U74900MH2007PTC171144	HANJER BIOTECH ENERGIES SURAT PRIVATE LIMITED	Director	30/09/2011	24/05/2007	-	Active	NO
4	U37200MH2007PTC174817	HANJER BIOTECH (JUNAGADH) PRIVATE LIMITED	Director	30/09/2011	09/10/2007	-	Active	NO
5	U37200MH2007PTC176972	HANJER BIOTECH PRIVATE LIMITED	Director	19/12/2007	19/12/2007	-	Active	NO
6	U37200MH2007PTC176993	HANJER BIOTECH VADODARA PRIVATE LIMITED	Director	30/09/2011	20/12/2007	-	Active	NO
7	U40107MH2006PTC165942	HANJER BIOTECH MIRA PRIVATE LIMITED	Additional director	30/04/2008	30/04/2008	20/11/2008	Active	NO
8	U70109DL2006PLC149316	AKC DEVELOPERS LIMITED	Director	22/12/2010	28/05/2008	15/03/2013	Active	NO
9	U36910MH2005PTC154901	EVERSHINE GEMS PRIVATE LIMITED	Director	30/09/2008	01/07/2008	06/03/2012	Active	NO
10	U40107MH2010PTC203806	HANJER GREEN POWER PRIVATE LIMITED	Director	30/09/2011	15/10/2010	-	Active	NO
11	U74990MH2008PTC189181	HANJER BIOTECH ENERGIES (DURGAPUR) PRIVATE LIMITED	Director	30/09/2011	15/10/2010	-	Active	NO
12	U40107DL2008PLC185295	ULTRA URBAN INFRATECH LIMITED	Director	30/09/2011	22/12/2010	15/03/2013	Active	NO
13	U74900MH2011PTC214784	HANJER BIO GAS PRIVATE LIMITED	Director	15/03/2011	15/03/2011	-	Active	NO

Name :

Nuzhat Mohamed Irfan Furniturewala

Designation :

Director

Address :

62, Peridot Building, 22-A, Perry Cross Road, Bandra (West), Mumbai-400050, Maharashtra, India.

Date of Birth/Age :

23.02.1972

Date of Appointment :

15.12.2005

Din No.:

00125872

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	U51909MH2002PTC134949	ENEN TRADING AND PROPERTIES PRIVATE LIMITED	Director	18/02/2002	18/02/2002	-	Active	NO
2	U90000MH2003PTC141342	HANJER BIOTECH ENERGIES PRIVATE LIMITED	Director	15/12/2005	15/12/2005	-	Active	NO
3	U90009MH2007PTC167061	HANJER BIOTECH ENERGIES (THANE) PRIVATE LIMITED	Director	17/01/2007	17/01/2007	-	Active	NO
4	U74900MH2007PTC171144	HANJER BIOTECH ENERGIES SURAT PRIVATE LIMITED	Director	24/05/2007	24/05/2007	-	Active	NO
5	U37200MH2007PTC174817	HANJER BIOTECH (JUNAGADH) PRIVATE LIMITED	Director	09/10/2007	09/10/2007	-	Active	NO
6	U37200MH2007PTC176972	HANJER BIOTECH PRIVATE LIMITED	Director	19/12/2007	19/12/2007	-	Active	NO
7	U37200MH2007PTC176993	HANJER BIOTECH VADODARA PRIVATE LIMITED	Director	20/12/2007	20/12/2007	-	Active	NO
8	U36910MH2005PTC154901	EVERSHINE GEMS PRIVATE LIMITED	Director	30/09/2008	01/07/2008	06/03/2012	Active	NO
9	U40107MH2006PTC165942	HANJER BIOTECH MIRA PRIVATE LIMITED	Additional director	16/08/2008	16/08/2008	20/11/2008	Active	NO
10	U90009GJ2009PTC056653	SALEM CITY INTEGRATED WASTE MANAGEMENT CO PRIVATE LIMITED	Director	22/07/2009	22/07/2009	-	Active	NO
11	U74990MH2008PTC189181	HANJER BIOTECH ENERGIES (DURGAPUR) PRIVATE LIMITED	Director	30/09/2010	15/01/2010	-	Active	NO
12	U40107MH2010PTC203806	HANJER GREEN POWER PRIVATE LIMITED	Director	08/06/2010	08/06/2010	-	Active	NO
13	U70109DL2006PLC149316	AKC DEVELOPERS LIMITED	Additional director	12/01/2013	12/01/2013	15/03/2013	Active	NO
14	U40107DL2008PLC185295	ULTRA URBAN INFRATECH LIMITED	Additional director	12/01/2013	12/01/2013	15/03/2013	Active	NO

Name :

Mr. Amir Tohid Furniturewala

Designation :

Director

Address :

62, Peridot Building, 22-A, Perry Cross Road, Bandra (West), Mumbai-400050, Maharashtra, India

Date of Birth/Age :

25.10.1989

Date of Appointment :

30.09.2011

Din No.:

02806898

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	U40107MH2006PTC165942	HANJER BIOTECH MIRA PRIVATE LIMITED	Director	30/09/2010	01/10/2009	-	Active	NO
2	U74990MH2008PTC189181	HANJER BIOTECH ENERGIES (DURGAPUR) PRIVATE LIMITED	Director	30/09/2010	01/10/2009	-	Active	NO
3	U37200MH2007PTC173878	HANJER BIOTECH ENERGIES (VASAI) PRIVATE LIMITED	Director	30/09/2010	02/08/2010	-	Active	NO
4	U37200MH2007PTC176993	HANJER BIOTECH VADODARA PRIVATE LIMITED	Director	30/09/2010	02/08/2010	-	Active	NO
5	U74900MH2007PTC171144	HANJER BIOTECH ENERGIES SURAT PRIVATE LIMITED	Director	30/09/2010	02/08/2010	-	Active	NO
6	U37200MH2007PTC174817	HANJER BIOTECH (JUNAGADH) PRIVATE LIMITED	Director	30/09/2010	02/08/2010	-	Active	NO
7	U90000MH2008PTC188813	HANJER BIOTECH ENERGIES (JAMNAGAR) PRIVATE LIMITED	Director	30/09/2010	02/08/2010	-	Active	NO
8	U90009MH2007PTC167061	HANJER BIOTECH ENERGIES (THANE) PRIVATE LIMITED	Director	30/09/2010	02/08/2010	-	Active	NO
9	U74900MH2007PTC171155	HANJER BIOTECH ENERGIES (JALGAON) PRIVATE LIMITED	Director	30/09/2010	02/08/2010	-	Active	NO
10	U90000MH2003PTC141342	HANJER BIOTECH ENERGIES PRIVATE LIMITED	Director	30/09/2011	01/10/2010	-	Active	NO
11	U40107MH2010PTC203806	HANJER GREEN POWER PRIVATE LIMITED	Director	30/09/2011	15/10/2010	-	Active	NO
12	U70109DL2006PLC149316	AKC DEVELOPERS LIMITED	Director	22/12/2010	22/12/2010	22/03/2013	Active	NO
13	U40107DL2008PLC185295	ULTRA URBAN INFRATECH LIMITED	Director	30/09/2011	22/12/2010	22/03/2013	Active	NO
14	U74900MH2011PTC214784	HANJER BIO GAS PRIVATE LIMITED	Director	15/03/2011	15/03/2011	-	Active	NO

Name :

Mr. Milind Mukund Joshi

Designation :

Director

Address :

35B, Belvedere Court, Sane Guruji Marg, Mahalaxmi, Mumbai-400 011, Maharashtra, India

Date of Birth/Age :

09.03.1969

Date of Appointment :

09.06.2009

Din No.:

02685576

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	U90000MH2003PTC141342	HANJER BIOTECH ENERGIES PRIVATE LIMITED	Nominee director	09/06/2009	09/06/2009	-	Active	NO
2	U45203MH2007PLC168773	ASHOKA HIGHWAYS (BHANDARA) LIMITED	Nominee director	04/06/2010	07/07/2009	-	Active	NO
3	U74999MH2007PLC168772	ASHOKA HIGHWAYS (DURG) LIMITED	Nominee director	04/06/2010	22/07/2009	25/04/2012	Active	NO
4	U40200GJ2006PLC048397	SABARMATI GAS LIMITED	Nominee director	22/09/2009	25/08/2009	-	Active	NO
5	U45203PY2006PTC001945	KARAIKAL PORT PRIVATE LIMITED	Alternate director	01/04/2010	01/04/2010	21/03/2013	Active	NO
6	U40101WB2005PLC102935	ADHUNIK POWER AND NATURAL RESOURCES LIMITED	Nominee director	09/08/2012	22/05/2010	-	Active	NO
7	U40108AP2009PLC065804	MYTRAH ENERGY (INDIA) LIMITED	Nominee director	25/11/2011	22/07/2011	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 29.09.2012

Names of Shareholders	Address of Shareholders	No. of Shares
Nuzhat Mohamed Irfan Furniturewala	62, Peridot Building, 22-A, Perry Cross Road, Bandra (West), Mumbai-400050, Maharashtra, India	934595
Hanjer Biotech Private Limited	335, Shalimar House, Grant Road, Mumbai-400007, Maharashtra, India	5277483
Soul Jewels	306, Prasad Chambers, Opera House, Mumbai-400004, Maharashtra, India	3000000
Kanjur Hospitalities Private Limited	Huma Mall Compound, LBS Marg, Kanjur Marg, (West), Mumbai-400078, Maharashtra, India	1000000
IDFC Trustee Company Limited A/C India Infrastructure Limited	3^rd Floor, Naman Chambers, C-32, G-Block, Bandra-Kurla Complex, Bandra (East), Mumbai-400051, Maharashtra, India	3301436

TOTAL		13513514

AS ON 29.09.2012

Equity Share Breakup		Percentage of Holding
Category
Bodies corporate		70.88
Directors or relatives of directors		6.92
Other top fifty shareholders		22.20
TOTAL		100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged in Solid Waste Processing using a unique combination of Integrated Multi Product Processing Technology for Municipal Solid Waste (MSW) Processing and Manufacture of Bio Organic Fertilizers and Green Fuel.

PRODUCTION STATUS [AS ON 31.03.2011]

Particulars	Unit	Installed Capacity *	Actual Production
Organic Manure	Metric Tonnes	195548	155074
Potting Media Fertilizer	Metric Tonnes	199922	71583
Dry Municipal Solid Waste	Metric Tonnes	300626	223094
Plastic Granules	Metric Tonnes	55045	20332

NOTE: * As certified by the Management and relied upon by the Auditors, being technical matter.

GENERAL INFORMATION

No. of Employees :

800 [Approximately]

Bankers :

Punjab National Branch, Illaco House Branch, Sir P. M. Road, Fort, Mumbai- 400 001, Maharashtra, India
Oriental Bank of Commerce, Mangal Bhawan, Yogi Niketan Plot, Nirmala Convent School Road, Rajkot-360 007, Gujarat, India
Yes Bank Limited, 9^th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai-400018, Maharashtra, India
Allahabad Bank

Facilities :

Secured Loan	As on 31.03.2011 [Rs. in Millions]	As on 31.03.2010 [Rs. in Millions]
Rupee term loans	5584.826	1910.305
Working capital loans	0.000	9.868
Loans taken for vehicles	1.536	0.935
Interest accrued due other debt	39.101	8.398
TOTAL	5625.463 [A]	1929.506
NOTE: (A) Notes:- The term loans from bank have been secured against the following:- a) Prime security - first charge on all the project assets including movable and immovable fixed assets and current assets of the Company. b) Pari - passu hypothecation charges on plant and machinery and other fixed assets of the Company. c) Corporate guarantee given by Divya Jyot Entertainment Private Limited. d) Personal guarantee given by the directors of the Company and their relatives. e) Corporate Guarantee of Hanjer Biotech Private Limited The vehicle loans have been secured by hypothecation of vehicles purchased against the loans. Cash credit facility from bank were secured by hypothecation of stock and book debts of the Company.

Unsecured Loan	As on 31.03.2011 [Rs. in Millions]	As on 31.03.2010 [Rs. in Millions]
Other Debts	54.540	0.000
TOTAL	54.540	0.000


Banking Relations :	--

Financial Institution :	BMW India Financial Services Private Limited, Tower C, 14^th Floor, Building No. 10, DLF Cyber City, Phase II, Gurgaon-122002, Haryana, India

Auditors :
Name :	Walker Chandiok and Company Chartered Accountants
Address :	6^th Floor, Engineering Centre, 9, Matthew Road, Opera House, Mumbai-400004, Maharashtra, India
PAN No:	AAAFW4298E

Holding Company :	Hanjer Biotech Private Limited [U37200MH2007PTC176972]

Associates/Subsidiaries :	Hanjer Biotech Vadodara Private Limited [U37200MH2007PTC176993] Hanjer Biotech Energies (Thane) Private Limited [U90009MH2007PTC167061] Hanjer Biotech Energies (Jalgaon) Private Limited [U74900MH2007PTC171155] Hanjer Biotech Energies (Vasai) Private Limited [U37200MH2007PTC173878] Hanjer Biotech Energies Surat Private Limited [U74900MH2007PTC171144] Hanjer Biotech Energies (Jamnagar) Private Limited [U90000MH2008PTC188813] Hanjer Biotech (Junagadh) Private Limited [U37200MH2007PTC174817] Hanjer Biotech Energies (Durgapur) Private Limited [U74990MH2008PTC189181] Hanjer Energies Mira Private Limited [U40107MH2006PTC165942] Ultra Urban Infratech Limited [U40107DL2008PLC185295] Hanjer Green Power Private Limited [U40107MH2010PTC203806] Hanjer Global Greentech Pte. Limited Hanjer Agro and Fertiliser Private Limited [U24129MH2003PTC143399] AKC Developers Limited [U70109DL2006PLC149316] Hanjer Biotech Energies (Nagpur) Private Limited [U90001MH2008PTC189190]

CAPITAL STRUCTURE

AS ON 29.09.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
254000000	Equity Shares	Rs.10/- each	Rs.2540.000 Millions
1000000	Preferences Shares	Rs.10/- each	Rs.10.000 Millions
	Total		Rs.2550.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
13513514	Equity Shares	Rs.10/- each	Rs.135.135 Millions

AS ON 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
15000000	Equity Shares	Rs.10/- each	Rs.150.000 Millions
240000000	Preferences Shares	Rs.10/- each	Rs.2400.000 Millions
	Total		Rs.2550.000 Millions

Issued, Subscribed Paid-up Capital Capital :

No. of Shares	Type	Value	Amount
11000000	Equity Shares	Rs.10/- each	Rs.110.000 Millions
240000000	Preferences Shares	Rs.10/- each	Rs.2400.000 Millions
	Total		Rs.2510.000 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		2510.000	1937.500	100.000
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		1677.921	1002.962	909.206
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		4187.921	2940.462	1009.206
LOAN FUNDS
1] Secured Loans		5625.463	1929.506	209.220
2] Unsecured Loans		54.540	0.000	353.469
TOTAL BORROWING		5680.003	1929.506	562.689
DEFERRED TAX LIABILITIES		141.627	21.585	10.869

TOTAL		10009.551	4891.553	1582.764

APPLICATION OF FUNDS

FIXED ASSETS [Net Block]		4767.233	420.327	404.304
Capital work-in-progress		1284.972	1815.733	114.792

INVESTMENT		167.828	167.710	167.300
DEFERREX TAX ASSETS		0.000	0.000	0.000

CURRENT ASSETS, LOANS & ADVANCES
	Inventories	92.790	18.250	14.317
	Sundry Debtors	1150.205	47.425	19.917
	Cash & Bank Balances	335.315	919.350	13.406
	Other Current Assets	0.000	1.083	0.000
	Loans & Advances	2738.835	1690.041	890.450
Total Current Assets		4317.145	2676.149	938.090
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	282.310	161.607	34.817
	Other Current Liabilities	63.281	25.407	5.813
	Provisions	182.036	1.352	1.092
Total Current Liabilities		527.627	188.366	41.722
Net Current Assets		3789.518	2487.783	896.368

MISCELLANEOUS EXPENSES		0.000	0.000	0.000

TOTAL		10009.551	4891.553	1582.764

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	NA	NA	NA
		Other Income	NA	NA	NA
		TOTAL	NA	NA	NA

Less	EXPENSES
		TOTAL	NA	NA	NA

	PROFIT / (LOSS) BEFORE TAX		NA	NA	NA

Less	TAX		NA	NA	NA

	PROFIT / (LOSS) AFTER TAX		674.959	3.756	NA

	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	168.611	NA	NA

	IMPORTS
		Capital Goods	138.993	44.147	0.000

	Earnings / (Loss) Per Share (Rs.)		61.36	0.35	--

KEY RATIOS

PARTICULARS	31.03.2011	31.03.2010	31.03.2009
Debt Equity Ratio (Total Liability/Networth)	1.48	0.72	0.60

Current Ratio (Current Asset/Current Liability)	8.18	14.21	22.48

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	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last three years	No
12]	Profitability for last two 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]	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

NOTE:

The registered office of the company has been shifted from Shalimar House, 335-Grant Road, Mumbai-400007, Maharashtra, India to the present address w.e.f. 19.09.2011.

BACKGROUND:

The Company is engaged in Solid Waste Processing using a unique combination of Integrated Multi Product Processing Technology for Municipal Solid Waste (MSW) processing and manufacture of bio organic fertilizers and green fuel.

BANKERS CHARGES REPORT AS PER REGISTRY

This form is for	Creation of charge
Corporate identity number of the company	U90000MH2003PTC141342
Name of the company	HANJER BIOTECH ENERGIES PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	702, 7^th Floor, Ackruti Solaris, N.S. Phadke Road, Andheri (East), Mumbai-400069, Maharashtra, India
Type of charge	Movable Property [not being pledge]
Particular of charge holder	BMW India Financial Services Private Limited, Tower C, 14^th Floor, Building No. 10, DLF Cyber City, Phase II, Gurgaon-122002, Haryana, India
Email	bmwfs-customerservice@bmw.in
Nature of description of the instrument creating or modifying the charge	Agreement For Auto Loan Number CN00035316 with financed amount 32.700 Millions.
Date of instrument Creating the charge	07.08.2012
Amount secured by the charge	Rs.32.700 Millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest 11.09% PA Terms of Repayment CN00035316 -Repayable in 84 EMI. Margin As per Agreement Extent and Operation of the charge The car acquired from loan shall remain hypothecated in favour of lender till the entire money; obligations and liabilities due or incurred by the borrower from the lender have been paid or satisfied.
Short particulars of the property charged	CN00035316 - Rolls-Royce Motor Ca Ghost, Chassis No- SCA664L08CUH22576

FIXED ASSETS:

Factory Building
Site Development
Plant and Machinery
Computer
Office Equipment
Furniture and Fixtures
Vehicles

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.56.57
UK Pound	1	Rs.86.15
Euro	1	Rs.73.64

INFORMATION DETAILS

Report Prepared by :

TPT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	7
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	4
--CREDIT LINES	1~10	5
--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
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		47

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.

MIRA INFORM REPORT

92.790

1150.205

335.315

0.000

2738.835

4317.145

282.310

63.281

182.036

527.627

3789.518

1.48

8.18

Unit