MIRA INFORM REPORT

Report Date :

04.06.2013

IDENTIFICATION DETAILS

Name :	KANJUR HOSPITALITIES PRIVATE LIMITED
Registered Office :	Unit No.604, 6th Floor, Plaza Panchsil, 55, Gamdevi Road, Mumbai – 400007, Maharashtra
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	31.01.2008
Com. Reg. No.:	11-178398
Capital Investment / Paid-up Capital :	Rs.0.100 Million
CIN No.: [Company Identification No.]	U55101MH2008PTC178398
Legal Form :	Private Limited Liability Company
Line of Business :	Hospitality Services
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ca (11)

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 :	Yet to commence business activity
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Even though the company was incorporated during 2008, it has not yet commenced its business activate as per the financials dated 31^st March 2012. The networth of the company appears to be weak. There also appears some pre-operative expenses and huge external borrowings. Payment terms are unknown. The company can be considered for business dealings on a safe and secured business 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

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 :	Unit No.604, 6th Floor, Plaza Panchsil, 55, Gamdevi Road, Mumbai – 400007, Maharashtra, India
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	sk.pvtltd@yahoo.co.in

DIRECTORS

As on: 29.09.2012

Name :

Mr. Sanju Sudhir Kothari

Designation :

Director

Address :

21, Spring Field, 19, Vachha Gandhi Road, Gamdevi, Mumbai – 400007, Maharashtra, India

Date of Birth/Age :

23.02.1970

Date of Appointment :

30.09.2009

DIN No.:

01441742

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	U70101MH2005PTC153497	AMI ESTATES PRIVATE LIMITED	Director	29/09/2007	29/03/2007	-	Converted to LLP and dissolved	NO
2	U36910MH2005PTC154930	AURA REALFINVEST PRIVATE LIMITED	Director	29/09/2007	29/03/2007	13/12/2010	Active	NO
3	U70100MH2005PTC153299	SA REALTORS PRIVATE LIMITED	Director	29/09/2007	29/03/2007	19/01/2012	Active	NO
4	U70100MH2005PTC153268	BELLE-VUE ESTATES PRIVATE LIMITED	Director	29/09/2007	29/03/2007	-	Converted to LLP and dissolved	NO
5	U70100MH2005PTC153453	ARMAAN ESTATES PRIVATE LIMITED	Director	29/09/2007	29/03/2007	-	Converted to LLP and dissolved	NO
6	U70100MH2005PTC153297	SHANTI SNEHARI REALITIES PRIVATE LIMITED	Director	29/09/2007	29/03/2007	-	Active	NO
7	U70100MH2005PTC153603	POSH ESTATES PRIVATE LIMITED	Director	29/09/2007	29/03/2007	-	Active	NO
8	U45200MH2005PTC157728	OCEAN VIEW DEVELOPERS PRIVATE LIMITED	Director	29/09/2007	29/03/2007	-	Active	NO
9	U70100MH2005PTC153468	S KOTHARI REALITY DEVELOPERS PRIVATE LIMITED	Director	29/09/2007	29/03/2007	-	Active	NO
10	U70100MH2005PTC157689	OCEAN VIEW ESTATES PRIVATE LIMITED	Director	29/09/2007	29/03/2007	-	Converted to LLP and dissolved	NO
11	U70100MH2005PTC155837	PETRICIAN ESTATES PRIVATE LIMITED	Director	29/09/2007	29/03/2007	-	Active	NO
12	U36910MH2005PTC154901	EVERSHINE GEMS PRIVATE LIMITED	Director	29/03/2007	29/03/2007	-	Active	NO
13	U70100MH2005PTC155897	INFINITE REALITIES PRIVATE LIMITED	Director	29/03/2007	29/03/2007	-	Converted to LLP and dissolved	NO
14	U70100MH2005PTC153459	CORNETSTENE ESTATE DEVELOPMENT PRIVATE LIMITED	Director	29/03/2007	29/03/2007	-	Active	NO
15	U45200MH2005PTC153304	SNEHA CONSTRUCTIONS PRIVATE LIMITED	Director	29/03/2007	29/03/2007	-	Active	NO
16	U70100MH2005PTC153443	STK ESTATE PRIVATE LIMITED	Director	29/09/2007	29/03/2007	-	Active	NO
17	U74999MH1996PTC099716	AIREFF DETOX PRIVATE LIMITED	Director	27/08/2007	27/08/2007	03/03/2008	Active	NO
18	U55101MH2008PTC185283	VERNA RESORTS AND LIFESTYLE PRIVATE LIMITED	Director	31/07/2008	31/07/2008	-	Active	NO
19	U55101MH2008PTC178398	KANJUR HOSPITALITIES PRIVATE LIMITED	Director	30/09/2009	20/08/2009	-	Active	NO
20	U92411MH1933PLC002813	THE CRICKET CLUB OF INDIA LIMITED	Director	12/11/2010	12/11/2010	-	Active	NO
21	U65990MH1994PTC083075	NUVEM INVESTMENTS PRIVATE LIMITED	Director	23/02/2011	23/02/2011	-	Active	NO

Name :

Ami Sunil Kothari

Designation :

Director

Address :

21, Spring Field, 19, Vachha Gandhi Road, Gamdevi, Mumbai – 400007, Maharashtra, India

Date of Birth/Age :

26.04.1968

Date of Appointment :

30.09.2009

DIN No.:

00443325

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	U70100MH2005PTC153459	CORNETSTENE ESTATE DEVELOPMENT PRIVATE LIMITED	Director	20/05/2005	20/05/2005	24/08/2007	Active	NO
2	U70100MH2005PTC153468	S KOTHARI REALITY DEVELOPERS PRIVATE LIMITED	Director	20/05/2005	20/05/2005	24/08/2007	Active	NO
3	U70101MH2005PTC153497	AMI ESTATES PRIVATE LIMITED	Director	30/09/2008	25/05/2005	-	Converted to LLP and dissolved	NO
4	U70100MH2005PTC153603	POSH ESTATES PRIVATE LIMITED	Director	30/05/2005	30/05/2005	24/08/2007	Active	NO
5	U36910MH2005PTC154901	EVERSHINE GEMS PRIVATE LIMITED	Director	19/07/2005	19/07/2005	24/08/2007	Active	NO
6	U36910MH2005PTC154930	AURA REALFINVEST PRIVATE LIMITED	Director	20/07/2005	20/07/2005	24/08/2007	Active	NO
7	U55101MH2008PTC185283	VERNA RESORTS AND LIFESTYLE PRIVATE LIMITED	Director	31/07/2008	31/07/2008	-	Active	NO
8	U55101MH2008PTC178398	KANJUR HOSPITALITIES PRIVATE LIMITED	Director	30/09/2009	20/08/2009	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 29.09.2012

Names of Shareholders	Address	No. of Shares
Sneha Sanju Kothari	21, Spring Field, 2nd Floor, 19, Vachha Gandhi Road, Mumbai – 400007, Maharashtra, India	4999
Sunil Sudhir Kothari	21, Spring Field, 2nd Floor, 19, Vachha Gandhi Road, Mumbai – 400007, Maharashtra, India	5000
Sunehera Furniturewala Jointly With Tohid Furniturewala	Zohra Villa, Plot No. 54, Shalimar Society, Adajan Patia, Surat – 395003, Gujarat, India	1
Total		10000

Equity Share Break up (Percentage of Total Equity)

As on: 29.09.2012

Category	Percentage
Directors or relatives of directors	99.99
Other top fifty shareholders	0.01
Total	100.00

BUSINESS DETAILS

Line of Business :

Hospitality Services

GENERAL INFORMATION

No. of Employees :	Not Available
Bankers :	Not Available

Banking Relations :	--
Auditors :
Name :	U. G. Devi and Company Chartered Accountants
Address :	7/10, Botawala Building, Horniman Circle, Fort, Mumbai – 400023, Maharashtra, India
Tel. No.:	91-22-22662807/ 22653503
PAN No.:	AAAFU0073B

CAPITAL STRUCTURE

As on: 31.03.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
250000	Equity Shares	Rs.10/- each	Rs.2.500 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Rs.10/- each	Rs.0.100 Million

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		0.100	0.100	0.100
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		0.000	0.000	0.000
4] (Accumulated Losses)		(0.090)	(0.062)	(0.041)
NETWORTH		0.010	0.038	0.059
LOAN FUNDS
1] Secured Loans		0.000	0.000	0.000
2] Unsecured Loans		99.516	99.516	99.516
TOTAL BORROWING		99.516	99.516	99.516
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		99.526	99.554	99.575
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.000	0.000	0.000
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		99.500	99.500	99.500
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000	0.000	0.000
	Sundry Debtors	0.000	0.000	0.000
	Cash & Bank Balances	0.038	0.039	0.045
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	0.012	0.028	0.003
Total Current Assets		0.050	0.067	0.048
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.000	0.000	0.000
	Other Current Liabilities	0.024	0.013	0.010
	Provisions	0.000	0.000	0.000
Total Current Liabilities		0.024	0.013	0.010
Net Current Assets		0.026	0.054	0.038
MISCELLANEOUS EXPENSES		0.000	0.000	0.037
TOTAL		99.526	99.554	99.575

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income
		Other Income
		TOTAL	0.000	0.000	0.000
Less	EXPENSES
		Office Expenses
		Administrative Expenses	0.027	0.021	0.018
		Advertising Expenses
		TOTAL	0.027	0.021	0.018
	PROFIT/ (LOSS) BEFORE TAX		(0.027)	(0.021)	(0.018)
Less	TAX		0.000	0.000	0.000
	PROFIT/ (LOSS) AFTER TAX		(0.027)	(0.021)	(0.018)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		(0.062)	(0.041)	(0.023)
	BALANCE CARRIED TO THE B/S		(0.089)	(0.062)	(0.041)
	Earnings/ (Loss) Per Share (Rs.)		(2.71)	(2.09)	(1.86)

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	0.00	0.00	0.00
Net Profit Margin (PBT/Sales)	(%)	0.00	0.00	0.00
Return on Total Assets (PBT/Total Assets}	(%)	(54.00)	(31.34)	(37.50)
Return on Investment (ROI) (PBT/Networth)		(2.70)	(0.55)	(0.31)
Debt Equity Ratio (Total Debt/Networth)		9951.60	2618.84	1686.71
Current Ratio (Current Asset/Current Liability)		2.08	5.15	4.80

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	No
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	No
25]	Conduct of the banking account	--
26]	Buyer visit details	--
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

Note:

The Registered Office of the company has been shifted from Huma Mall Compound, L. B. S. Marg, Near Kanjur Marg Railway Station, Mumbai – 400478, Maharashtra, India to the present address w.e.f. 24.05.2011

UNSECURED LOAN

(Rs. In Millions)

Particular	As on 31.03.2012	As on 31.03.2011
Loans and advances from related parties	99.516	99.516
Total	99.516	99.516

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 :

VRN

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
PAID-UP CAPITAL	1~10	2
OPERATING SCALE	1~10	1
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	1
--PROFITABILIRY	1~10	1
--LIQUIDITY	1~10	1
--LEVERAGE	1~10	1
--RESERVES	1~10	1
--CREDIT LINES	1~10	1
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	NO
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		11

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.