MIRA INFORM REPORT

Report Date :

18.11.2013

IDENTIFICATION DETAILS

Name :	SHRIRAM PROPERTIES PRIVATE LIMITED (w.e.f. 14.02.2008)
Formerly Known As :	SHRIRAM PROPERTIES LIMITED
Registered Office :	Greams Dugar, 4 and 5^th Floor, 149, Greams Road, Chennai – 600006, Tamilnadu
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	28.03.2000
Com. Reg. No.:	18-044560
Capital Investment / Paid-up Capital :	Rs.1469.047 Millions
CIN No.: [Company Identification No.]	U72200TN2000PTC044560
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is engaged in the business of development of real estate projects.
No. of Employees :	200 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (50)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 42000000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Exist
Comments :	Subject is a real estate arm of the Shriram Group which is a reputed and leading player in financial services industry. The company has performed well, marked by achieving a healthy sales, and has recorded a decent profit during 2013. Financial position appears to be good. Trade relations are fair. Business is active. Payment terms are reported as usually correct. In view of strong parentage by virtue of being part of the Shriram Group, the subject 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 – March 31^st, 2013

Country Name	Previous Rating (31.12.2012)	Current Rating (31.03.2013)
India	A1	A1

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

INDIAN ECONOMIC OVERVIEW

The current downturn provides an opportunity to push ahead with reforms to accelerate growth, says the latest India Development Update report released by the World Bank. The report says that the adverse effects of rupee depreciation are likely to be offset by the gains in the exports performance due to improved external competitiveness. Since May this year, the local currency has depreciated substantially and fell to a record level of Rs 68.85 to a dollar on August, 28.

A stagflation like situation appears to have arisen as inflation jumped to an eight month high of 6.46 % for the month of September. It is up from 6.10 % in August. Growth continues to be muted with factory output plunging to 0.6  % in August. Onion prices have risen nearly 300 % from last September. Vegetables cost nearly 90 % more than they did last year. Wake up to the economic contribution of slum dwellers. They contribute more than 7.5 % to the country’s gross domestic product, according to a recent study conducted in 50 top cities.

136000 estimated number of jobs created during the second quarter of the current financial year. 50000 estimated number of additional jobs in the field of corporate social responsibility in the coming years.

The International Finance Corporation expects to come out with its rupee linked bonds issue before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple iPhone 5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has been launched in India from 1^st November.

The Land Acquisition Act to provide just and fair compensation to farmers will come into force from January 1 next year, said Rural Development Minister Jairam Ramesh. The Act replaces a 119 year old registration. The Securities and Exchange Board of India has approved the trading of currency futures on the Bombay Stock Exchange. The exchange plans to launch the currency futures platform with advanced trading technology by the end of November.

EXTERNAL AGENCY RATING

Rating Agency Name	ICRA
Rating	BBB
Rating Explanation	Moderate degree of safety regarding timely servicing of financial obligations.
Date	January 2013

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 :	Greams Dugar, 4 and 5^th Floor, 149, Greams Road, Chennai – 600006, Tamilnadu
Tel. No.:	91- 80-40229999
Fax No.:	91- 80-41236222
E-Mail :	companysecretary@shriramproperties.com
Website :	www.shriramproperties.com

DIRECTORS

As on 31.12.2012

Name :

Mr. Murali Malayappan

Designation :

Managing director

Address :

No. E 1405/406, Shriram White House, 4^th Floor, 1 Stchr OSS, 2^nd Block, R T Nagar, Bangalore – 560032, Karnataka, India

Date of Birth/Age :

31.07.1967

Date of Appointment :

30.03.2003

DIN No.:

00030096

Election Commission Identity Card No.:

BTF0750885

PAN.:

AELPM6604H

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	U72200TN2000PTC044560	SHRIRAM PROPERTIES PRIVATE LIMITED	Managing director	30/03/2003	30/03/2003	-	Active	NO
2	U45201TN1995PLC033214	SHRIRAM PROPERTIES AND CONSTRUCTIONS (CHENNAI) LIMITED	Director	30/08/2005	30/08/2005	-	Active	NO
3	U45201TZ2005PTC012434	SHRIRAM PROPERTIES (COIMBATORE) PRIVATE LIMITED	Director	27/12/2005	27/12/2005	31/03/2008	Active	NO
4	U45209TN2006PTC058619	SHRIRAM PROPERTIES AND INFRASTRUCTURE Private LIMITED	Director	05/05/2006	05/05/2006	-	Active	NO
5	U70102KA2006PTC040762	TWENTYFIRST CENTURY INFRASTRUCTURE PRIVATE LIMITED	Director	19/10/2006	19/10/2006	02/04/2010	Active	NO
6	U70102KA2006PTC040977	SPL PROPERTIES (BNE) PRIVATE LIMITED	Director	17/11/2006	17/11/2006	05/03/2008	Active	NO
7	U70102KA2006PTC040976	SPL DEVELOPERS PRIVATE LIMITED	Director	17/11/2006	17/11/2006	29/02/2008	Active	NO
8	U45201KA2006PTC041001	SPL PROPERTIES PRIVATE LIMITED	Director	21/11/2006	21/11/2006	25/03/2008	Active	NO
9	U45202KA2006PTC041011	SPL CONSTRUCTORS PRIVATE LIMITED	Director	22/11/2006	22/11/2006	30/03/2009	Active	NO
10	U45201KA2006PTC041012	SPL REALTORS PRIVATE LIMITED	Director	22/11/2006	22/11/2006	25/11/2006	Active	NO
11	U70102KA2007PTC042757	SPL HOMES PRIVATE LIMITED	Director	10/05/2007	10/05/2007	29/02/2008	Active	NO
12	U70200KA2007PTC042809	SPL PROPCARE PRIVATE LIMITED	Director	15/05/2007	15/05/2007	10/04/2008	Active	NO
13	U70200KA2007PTC042810	SPL BUILDERS PRIVATE LIMITED	Director	15/05/2007	15/05/2007	-	Active	NO
14	U45203KA2006PTC040975	BENGAL SHRIRAM HITECH CITY PRIVATE LIMITED	Director	28/09/2012	22/05/2007	-	Active	NO
15	U70102KA2007PTC042297	GLOBAL ENTROPOLIS ASIA PRIVATE LIMITED	Director	26/03/2008	26/03/2008	31/03/2008	Active	NO
16	U45200TN2010PTC075701	SHRIRAM PROPERTIES HOLDINGS PRIVATE LIMITED	Director	30/09/2011	09/03/2011	-	Active	NO
17	U45202KA2008PTC045671	GLOBAL ENTROPOLIS (VIZAG) PRIVATE LIMITED	Director	30/09/2011	27/08/2011	-	Active	NO

Name :

Mr. Srinivasan Natarajan

Designation :

Director

Address :

New No.: 07 (Old No. 04 Crescant Avenue, K P Puram, Chennai – 600028, Tamilnadu, India

Date of Birth/Age :

01.11.1947

Date of Appointment :

30.03.2003

DIN No.:

00155988

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	U25900TN1980PTC008374	SRI RAM INDUSTRIES WOVON SACKS PRIVATE LIMITED	Director	12/08/1980	12/08/1980	27/03/2010	Active	NO
2	U25209TN1980PTC008428	SHREE KARTHIKEYA LAMINATION IND PRIVATE LIMITED	Director	24/09/1980	24/09/1980	27/03/2010	Active	NO
3	L17111TN1969PLC005736	BINNY LIMITED	Director	11/01/1988	11/01/1988	-	Active	NO
4	U99999DL1991PTC046688	SATLUJ CREDIT AND HOLDINGS PRIVATE LIMITED	Director	09/11/1992	09/11/1992	-	Active	NO
5	U99999DL1991PTC046662	CALCOM CREDIT AND HOLDINGS PRIVATE LIMITED	Director	23/11/1992	23/11/1992	-	Active	NO
6	U65993DL1991PTC046693	RAJAT CHAKRA CREDIT AND HOLDINGS PRIVATE LIMITED	Director	23/11/1992	23/11/1992	-	Active	NO
7	U65993DL1991PTC046692	SHEETALA CREDIT AND HOLDINGS PRIVATE LIMITED	Director	23/11/1992	23/11/1992	-	Active	NO
8	U65993TN1986PTC013711	SARANGA INVESTMENTS AND CONSULTANCY PRIVATE LIMITED	Director	07/06/1993	07/06/1993	-	Active	NO
9	U65921WB1981PTC033966	TWENTIETH CENTURY APCO LEASING PRIVATE LIMITED	Director	14/08/1993	14/08/1993	-	Active	NO
10	U18102TN1995PLC029737	BINNY LORZE LIMITED	Director	04/01/1995	04/01/1995	-	Active	NO
11	U28920TN1995PLC029734	BINNY ENGINEERING LIMITED	Director	04/01/1995	04/01/1995	-	Active	NO
12	U40109AP1995PLC022197	ALPHA ENERGY SYSTEMS LIMITED	Director	26/07/2002	26/07/2002	27/03/2010	Active	NO
13	U72200TN2000PTC044560	SHRIRAM PROPERTIES PRIVATE LIMITED	Director	30/03/2003	30/03/2003	-	Active	NO
14	U45209TN2006PTC058619	SHRIRAM PROPERTIES AND INFRASTRUCTURE Private LIMITED	Director	23/01/2006	23/01/2006	-	Active	NO
15	U74140WB2005PTC102667	UTSAV DEVELOPERS PRIVATE LIMITED	Director	16/10/2006	16/10/2006	03/05/2010	Active	NO
16	U70102KA2006PTC040762	TWENTYFIRST CENTURY INFRASTRUCTURE PRIVATE LIMITED	Director	19/10/2006	19/10/2006	02/04/2010	Active	NO
17	U65993TN1974PLC006588	SHRIRAM CAPITAL LIMITED	Director	31/01/2007	31/01/2007	24/11/2010	Active	NO
18	U74900TN1986PLC013431	SHRIRAM INDUSTRIAL HOLDINGS LIMITED	Director	28/03/2007	28/03/2007	24/11/2010	Active	NO
19	U64203HR2007PTC039536	S TEL Private LIMITED	Director	19/06/2007	19/06/2007	-	Active	NO
20	U15531TN2007PTC064829	SIPPING SPIRITS PRIVATE LIMITED	Director	20/09/2007	20/09/2007	-	Active	NO
21	U65923TN2009PLC071236	SHRIRAM INVESTMENT HOLDINGS LIMITED	Director	03/04/2009	03/04/2009	24/05/2010	Active	NO
22	L31900TN1985PLC012343	UCAL FUEL SYSTEMS LIMITED	Director	29/09/2009	13/04/2009	-	Active	NO
23	U17100TN2007PLC065226	S V GLOBAL MILL LIMITED	Additional director	29/04/2010	29/04/2010	-	Active	NO
24	U17120TN2007PLC065807	BINNY MILLS LIMITED	Director	27/09/2010	12/05/2010	-	Active	NO
25	U24119TN2009PLC072263	BHARATH COAL CHEMICALS LIMITED	Director	17/08/2011	25/02/2011	-	Active	NO
26	U45200TN2010PTC075701	SHRIRAM PROPERTIES HOLDINGS PRIVATE LIMITED	Director	30/09/2011	09/03/2011	-	Active	NO
27	U74900TN1995PLC032506	SHRIRAM VENTURE LIMITED	Director	29/09/2011	09/03/2011	-	Active	NO
28	U65999TN2011PLC083483	SHRIRAM BUSINESS SOLUTIONS LIMITED	Director	08/12/2011	08/12/2011	-	Active	NO
29	U67190TN2011PTC079382	SHRIRAM FINANCIAL VENTURES (CHENNAI) PRIVATE LIMITED	Director	31/08/2012	14/03/2012	-	Active	NO

Name :

Mr. Bhatia Puneet

Designation :

Director

Address :

The Aralias Apartment, 214 B DLF Phase V, DLF Golf Club, Gurgaon – 122009, Haryana, India

Date of Birth/Age :

16.12.1966

Date of Appointment :

29.04.2011

PAN No.:

AADPN2679M

DIN No.:

00143973

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	U67190MH2002PTC137790	TPG CAPITAL INDIA PRIVATE LIMITED	Director	06/11/2002	06/11/2002	-	Active	NO
2	U74140TN1993PTC024863	SHRIRAM HOLDINGS MADRAS PRIVATE LIMITED	Nominee director	02/02/2006	02/02/2006	-	Amalgamated	NO
3	L65191TN1979PLC007874	SHRIRAM TRANSPORT FINANCE COMPANY LIMITED	Nominee director	26/10/2006	26/10/2006	-	Active	NO
4	U24231AP1984PLC005146	MYLAN LABORATORIES LIMITED	Director	22/01/2007	22/01/2007	-	Active	NO
5	U70101DL2005PTC141236	FLARE ESTATE PRIVATE LIMITED	Additional director	18/07/2007	18/07/2007	-	Active	NO
6	U51909MH2010PTC203551	TPG WHOLESALE PRIVATE LIMITED	Director	30/11/2011	24/07/2010	-	Active	NO
7	L65191TN1986PLC012840	SHRIRAM CITY UNION FINANCE LIMITED	Director	28/07/2011	01/12/2010	-	Active	NO
8	U72200TN2000PTC044560	SHRIRAM PROPERTIES PRIVATE LIMITED	Director	29/04/2011	29/04/2011	-	Active	NO
9	U65993TN1974PLC006588	SHRIRAM CAPITAL LIMITED	Nominee director	29/04/2011	29/04/2011	-	Active	NO

Name :

Mr. Venkatraman Srinivasan

Designation :

Director

Address :

73 Keshav Smurti, 8 B Veer Savarkar Marg, Mumbai – 400028, Maharashtra, India

Date of Birth/Age :

09.03.1959

Date of Appointment :

18.07.2012

DIN No.:

00246012

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	L40101TN1965GOI005389	CHENNAI PETROLEUM CORPORATION LIMITED	Director	15/04/2005	15/04/2005	-	Active	NO
2	U67190MH1993PLC071691	CREDIT ANALYSIS AND RESEARCH LIMITED	Director	12/05/2006	12/05/2006	-	Active	NO
3	U45201MH2004PTC145150	KARANJA INFRASTRUCTURE PRIVATE LIMITED	Director	19/06/2006	19/06/2006	21/03/2013	Active	NO
4	U66020MH2007GOI176785	UTI RETIREMENT SOLUTIONS LIMITED	Director	08/06/2009	11/04/2008	-	Active	NO
5	U74140MH2008PTC181734	VSA FINANCIAL CONSULTING AND ADVISORY PRIVATE LIMITED	Director	29/04/2008	29/04/2008	-	Strike off	NO
6	U72200TN2000PTC044560	SHRIRAM PROPERTIES PRIVATE LIMITED	Director	31/12/2012	18/07/2012	-	Active	NO

Name :

Mr. Sourav Goswami

Designation :

Alternate director

Address :

277 Adriana Street, Saddle Brook 076693, United States of America

Date of Birth/Age :

02.10.1974

Date of Appointment :

28.09.2013

DIN No.:

00688731

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	U65993MH2006FTC163539	WALTON STREET CAPITAL INDIA PRIVATE LIMITED	Director	16/08/2011	16/08/2006	-	Active	NO
2	U72200TN2000PTC044560	SHRIRAM PROPERTIES PRIVATE LIMITED	Alternate director	28/09/2013	26/11/2007	-	Active	NO
3	U93000MH2008PTC179333	FUSION INDIA PROJECT MANAGEMENT PRIVATE LIMITED	Additional director	10/03/2008	10/03/2008	15/03/2008	Active	NO
4	U67190MH2007PTC176130	WALTON STREET CAPITAL ADVISORS VI INDIA PRIVATE LIMITED	Director	30/09/2008	14/04/2008	-	Active	NO
5	U70109MH2007PTC166976	WALTON STREET INDIA REAL ESTATE ADVISORS PRIVATE LIMITED	Managing director	26/06/2008	26/06/2008	-	Active	NO

Name :

Mr. Sundaram Vidyatheertha Rajagopal

Designation :

Director appointed in casual vacancy

Address :

Flat No.: 8, Malaba Court, 14 BG Kher Marg, Malabar Hill, Mumbai – 400006, Maharashtra, India

Date of Birth/Age :

08.06.1967

Date of Appointment :

18.07.2012

DIN No.:

01951392

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	L70200MH2007PLC166818	D B REALTY LIMITED	Additional director	01/11/2010	20/06/2007	21/03/2011	Active	NO
2	U45201DL2004PTC128764	BIG INDIA MALLS PRIVATE LIMITED	Alternate director	14/06/2010	18/10/2007	20/09/2010	Active	NO
3	U67110MH2006PTC164396	LEHMAN BROTHERS ADVISERS PRIVATE LIMITED	Additional director	25/03/2008	25/03/2008	10/10/2008	Active	NO
4	U67120MH2008FTC188610	REPE INVESTMENT ADVISORS INDIA PRIVATE LIMITED	Director	03/12/2008	03/12/2008	11/06/2010	Under liquidation	NO
5	U74140MH2006PTC164562	STARWOOD CAPITAL INDIA ADVISORS PRIVATE LIMITED	Director	01/04/2013	01/07/2010	-	Active	NO
6	U70102MH2007PTC175968	SCG INDIA REAL ESTATE PRIVATE LIMITED	Director	30/11/2010	30/11/2010	-	Strike off	NO
7	U55101MH2008PTC182317	SCG INDIA HOTELS PRIVATE LIMITED	Director	30/11/2010	30/11/2010	-	Strike off	NO
8	U72200TN2000PTC044560	SHRIRAM PROPERTIES PRIVATE LIMITED	Director appointed in casual vacancy	18/07/2012	04/05/2011	-	Active	NO
9	U67190MH2010PTC202637	ADA SUSTAINABLE INVESTMENT SERVICES PRIVATE LIMITED	Director	27/09/2013	27/09/2013	-	Active	NO

Name :

Mr. Timothy John Junker

Designation :

Nominee director

Address :

484, Elder Lane, Winnetkaa 60093, United States of America

Date of Birth/Age :

17.12.1971

Date of Appointment :

28.12.2010

DIN No.:

02146378

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	U72200TN2000PTC044560	SHRIRAM PROPERTIES PRIVATE LIMITED	Nominee director	28/12/2010	07/09/2009	-	Active	NO
2	U55101MH2006FTC165517	PUNE KONDHWA REALTY PRIVATE LIMITED	Director	29/09/2010	08/10/2009	-	Active	NO
3	U55101MH2006PTC165519	WSC V GOA HOTEL BETALBATIM PRIVATE LIMITED	Director	29/09/2010	08/10/2009	-	Strike off	NO
4	U45200MH2006PTC165875	WSC V INDIA REALTY PROJECTS PRIVATE LIMITED	Director	29/09/2010	08/10/2009	-	Strike off	NO
5	U70200MH2007PTC166926	WSC V PUNE BAUR REALTY INDIA PRIVATE LIMITED	Director	29/09/2010	08/10/2009	-	Strike off	NO

Name :

Mr. Gaurav Trehan

Designation :

Director

Address :

Flat No.: 104 A, 10^th Floor, Embassy Apartments, 46, Napean Sea Road, Mumbai – 400026, Maharashtra, India

Date of Birth/Age :

23.11.1975

Date of Appointment :

29.04.2011

DIN No.:

03467781

PAN No.:

AEWPT1544A

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	U50100TN2010PLC074572	SHRIRAM AUTOMALL INDIA LIMITED	Director	24/06/2011	27/01/2011	-	Active	NO
2	U72200TN2000PTC044560	SHRIRAM PROPERTIES PRIVATE LIMITED	Director	29/04/2011	29/04/2011	-	Active	NO
3	U66010AP2005PLC045616	SHRIRAM LIFE INSURANCE COMPANY LIMITED	Director	29/06/2011	19/05/2011	-	Active	NO
4	U66010RJ2006PLC029979	SHRIRAM GENERAL INSURANCE COMPANY LIMITED	Director	04/08/2011	30/05/2011	-	Active	NO
5	U65993TN1974PLC006588	SHRIRAM CAPITAL LIMITED	Alternate director	26/09/2012	26/09/2012	20/12/2012	Active	NO

KEY EXECUTIVES

Name :	Mr. S Jagadisha Rao
Designation :	Secretary
Address :	No. 48, 2^nd Cross, CKA Layout BSK, 3^rd Phase, Bangalore – 560085, Karnataka, India
Date of Birth/Age :	30.04.1959
Date of Appointment :	25.04.2012
PAN No.:	AEMPR3380J

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 31.12.2012

Names of Shareholders	Address	No. of Shares
Ravi Sanjiva Talwar	No. 1, Prime Street, Richmond Town, Bangalore – 560025, Karnataka, India	1200
Srinivasan Natrajan	New No.: 07 (Old No. 04 Crescant Avenue, K P Puram, Chennai – 600028, Tamilnadu, India	1200
Nagarajan K R Subramaniam	05, Sriranjini Apartments, 179 – 4A, Bilekahallo, J P Nagar, 4^th Phase, Banloare – 560076, Karnataka, India	6
Muurugesani A Ramaswamy	Flat No.: D-2, Krishnateja, Plot No.: 20B, Balakrishna Road, Valmiki Nagar Thiruvanmyur, Chennai – 600041, Tamilnadu, India	6
R Preetha S Vinoth	No. 10, III Floor, Sharodhan Flats, Opposite Court Fire Service, 127 Hebar Road, Vontonment, Thiruchi Rappalli – 620001, Tamilnadu, India	120000
M Srinivasan Mahadev A Sastri	No. 10, III Floor, Sharodhan Flats, Opposite Court Fire Service, 127 Hebar Road, Vontonment, Thiruchi Rappalli – 620001, Tamilnadu, India	41000
Brijkishore Trading Private Limited, India	151- A Mittal Court, A Wing, 15^th Floor, Nariman Point, Mumbai – 400021, Maharashtra, India	9810000
WSI Wsqi V (XXXII) Mauritius Investors Limited, Mauritius	6^th Floor, Tower A, 1 Cyber City, Ebene, Republic of Mauritius	35572739
P Manikandan Pitchum Ani	B-149, Tamilnad Housing Board, 3^rd Street Velacherry, Chennai – 600042, Tamilnadu, India	341000
V Ramesh Kumar S Vembu	No. 960, Ligii Tnhb Colony, 99^th Lane Velcherry, Chennai – 600042, Tamilnadu, India	221000
G R Lakshminarayana Ramanatha Iyer	3-E Siva Shakthi Towers, 5^th Floor, North Ander Street, Teppkul Am Post, Trichy – 620002, Tamilnadu, India	221000
S Vinoth M Srinivasan	No. 10, III Floor, Sharodhan Flats, Opposite Court Fire Service, 127 Hebar Road, Vontonment, Thiruchi Rappalli – 620001, Tamilnadu, India	60000
K Venkatesh (Partner on Behalf of Shri Ram Business Finance)	Mookamika Complex, 3^rd Floor, No. 4, Lady Desika Road, Mylapore, Chennai – 600004, Tamilnadu, India	6
Esaki Balakrishnan (Partner on Behalf of Shri Ram Business Finance)	Mookamika Complex, 3^rd Floor, No. 4, Lady Desika Road, Mylapore, Chennai – 600004, Tamilnadu, India	6
K S Rama Murthy (Partner on Behalf of Shri Ram Financial Services)	Mookamika Complex, 3^rd Floor, No. 4, Lady Desika Road, Mylapore, Chennai – 600004, Tamilnadu, India	6
N Venkatesharan (Partner on Behalf of Shri Ram Hire Purchase Investment)	Mookamika Complex, 3^rd Floor, No. 4, Lady Desika Road, Mylapore, Chennai – 600004, Tamilnadu, India	6
S Ravi Kumar (Partner on Behalf of Shri Ram Financial Services)	Mookamika Complex, 3^rd Floor, No. 4, Lady Desika Road, Mylapore, Chennai – 600004, Tamilnadu, India	6
Shri Ram Properties Holdings Private Limited, India	Mookamika Complex, 3^rd Floor, No. 4, Lady Desika Road, Mylapore, Chennai – 600004, Tamilnadu, India	47217558
Brande Quality Treaties Limited, India	Shivanand Apartment Bask Colony, Shivaji Nagar Road, Naupada , Thane West, Mumbai -400601, Maharashtra, India	301093
TPG Asia SF V Pte Limited, Singapore	80, Raffles Place, # 15-01 UOB Plaza 1, Singapore – 408624	24570434
Clienti Ventures Limited, India	No. 4, Baurkit Road, 1^st Floor, Shri Ram House, T Nagar, Chennai – 600017, Tamilnadu, India	26460467
Bhavani Thyagara Jan (Partner Shriram Investments)	Mookamika Complex, 3^rd Floor, No. 4, Lady Desika Road, Mylapore, Chennai – 600004, Tamilnadu, India	1890000
Arjan Mangharam Jethwani Aruna Arjan Mangharam (Joint Holders)	12 ABH, 2 Pluto Society, Kalyani Nagar, Pune – 411006, Maharashtra, India	76000
Total		146904733

Equity Share Break up (Percentage of Total Equity)

As on 31.12.2012

Category	Percentage
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	40.94
Bodies corporate	57.04
Directors or relatives of Directors	0.68
Other top fifty shareholders	1.34
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged in the business of development of real estate projects.

Products :

Item Code No.	Product Description
99531121	Sale of constructed properties

GENERAL INFORMATION

No. of Employees :

200 (Approximately)

Bankers :

• The Ratnakar Bank Limited, Shahupuri,Kolhapur, Kolhapur - 416001, Maharashtra, India
• Canara Bank, RMV Extension Branch, 38, 5th Cross, 8th Main, Sadashivnagar,, Bangalore - 560080, Karnataka, India

Facilities :

Secured Loan	31.03.2012 (Rs. in Millions)	31.03.2011 (Rs. in Millions)
Long-term Borrowings
Rupee term loans from banks	0.298	0.975
Term loans from others	180.000	273.000
Short-term borrowings
Working capital loans from banks	200.000	0.000
Total	380.298	273.975

Banking Relations :
Auditors 1 :
Name :	B S R and Company Chartered Accountants
Address :	Maruthi Info-Tech Centre, 11-12/1, Inner Ring Road,Koramangala, Bangalore-560 071, Karnataka, India
PAN N Income-tax PAN of auditor or auditor's firm :	AAIFB4734C
Auditors 2 :
Name :	ABARNA and ANANTHAN Chartered Accountants
Address :	643, Sriniketan, I Main, II Phase, VII, Block, Banashankari III Stage,Bangalore-560085, Karnataka, India
PAN N Income-tax PAN of auditor or auditor's firm :	AABFA6041N
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives:	Shriram Properties and Constructions (Chennai) Limited, India CIN: U45201TN1995PLC033214 Shriram Properties (Coimbatore) Private Limited, India CIN: U45201TZ2005PTC012434 SPL Developers Private Limited, India CIN: U70102KA2006PTC040976 SPL Properties Private Limited, India CIN: U45201KA2006PTC041001 SPL Propcare Private Limited, India CIN: U70200KA2007PTC042809 SPL Properties (BNE) Private Limited, India CIN: U70102KA2006PTC040977 WSI/WSQI V (XXXI I ) Mauritius Investors Limited, Mauritius Shriram Properties Holdings Private Limited, India CIN: U45200TN2010PTC075701 Global Entropolis Asia Private Limited, India CIN: U70102KA2007PTC042297
Subsidiary company:	Shriprop Realities Private Limited, India CIN: U70102KA2008PTC045044 Shriprop Structures Private Limited, India CIN: U45201KA2008PTC045030 Shriprop Housing Private Limited, India CIN: U45202KA2008PTC045031 SPL Realtors Private Limited, India CIN: U45201KA2006PTC041012 Bengal Shriram Hitech City Private Limited, India CIN: U45203KA2006PTC040975 Global Entropolis (Vizag) Private Limited, India CIN: U45202KA2008PTC045671
Joint venture:	Shriram Properties and Infrastructure Private Limited, India CIN: U45209TN2006PTC058619

CAPITAL STRUCTURE

As on 31.03.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
170000000	Equity Shares	Rs.10/- each	Rs. 1700.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
146904733	Equity Shares	Rs.10/- each	Rs. 1469.047 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	1469.047	767.341
(b) Reserves & Surplus	8981.708	1120.774
(c) Money received against share warrants	0.037	0.000
(2) Share Application money pending allotment	0.000	2822.700
Total Shareholders’ Funds (1) + (2)	10450.792	4710.815
(3) Non-Current Liabilities
(a) long-term borrowings	180.298	273.976
(b) Deferred tax liabilities (Net)	0.000	0.000
(c) Other long term liabilities	4.511	2.934
(d) long-term provisions	0.000	0.000
Total Non-current Liabilities (3)	184.809	276.910
(4) Current Liabilities
(a) Short term borrowings	571.495	430.193
(b) Trade payables	81.553	100.556
(c) Other current liabilities	569.268	31.507
(d) Short-term provisions	8.794	2.692
Total Current Liabilities (4)	1231.110	564.948
TOTAL	11866.711	5552.673
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	20.917	21.748
(ii) Intangible Assets	0.362	0.415
(iii) Capital work-in-progress	0.000	0.000
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	7302.551	1675.641
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	1295.246	3144.763
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	8619.076	4842.567
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	478.915	165.927
(c) Trade receivables	114.617	0.000
(d) Cash and cash equivalents	2212.229	24.533
(e) Short-term loans and advances	379.026	519.646
(f) Other current assets	62.848	0.000
Total Current Assets	3247.635	710.106
TOTAL	11866.712	5552.673

SOURCES OF FUNDS		31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		764.330
2] Share Application Money		1965.100
3] Reserves & Surplus		1544.393
4] (Accumulated Losses)		0.000
NETWORTH		4273.823
LOAN FUNDS
1] Secured Loans		858.534
2] Unsecured Loans		22.986
TOTAL BORROWING		881.520
DEFERRED TAX LIABILITIES		0.000
TOTAL		5155.343
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		20.447
Capital work-in-progress		0.000
INVESTMENT		1294.940
DEFERREX TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	725.175
	Sundry Debtors	408.500
	Cash & Bank Balances	83.833
	Other Current Assets	0.000
	Loans & Advances	3583.246
Total Current Assets		4800.754
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	928.803
	Other Current Liabilities	28.566
	Provisions	3.429
Total Current Liabilities		960.798
Net Current Assets		3839.956
MISCELLANEOUS EXPENSES		0.000
TOTAL		5155.343

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011
	SALES
		Income	369.000	(451.000)
		Other Income	322.000	27.000
		TOTAL (A)	691.000	(424.000)
Less	EXPENSES
		Cost of construction	275.000	0.000
		Cost of co-development rights sold	0.000	(302.000)
		Employee benefit expense	84.000	67.000
		Operating expenses	126.000	162.000
		TOTAL (B)	485.000	(73.000)
Less	PROFIT / (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		206.000	(351.000)
Less	FINANCIAL EXPENSES (D)		134.000	131.000
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		72.000	(482.000)
Less/ Add	DEPRECIATION/ AMORTISATION (F)		4.000	4.000
	PROFIT / (LOSS) BEFORE TAX (E-F) (G)		68.000	(486.000)
Less	TAX (H)		10.000	0.000
	PROFIT / (LOSS) AFTER TAX (G-H) (I)		58.000	(486.000)
	Earnings / (Loss) Per Share (Rs.)		0.39	NA

	PARTICULARS		31.03.2010
	SALES
		Income	0.000
		Other Income	23.598
		TOTAL (A)	23.598
Less	EXPENSES
		Personnel costs	61.429
		Other operating and administrative expenses	102.683
		TOTAL (B)	164.112
Less	PROFIT / (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		(140.514)
Less	FINANCIAL EXPENSES (D)		74.266
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		(214.780)
Less/ Add	DEPRECIATION/ AMORTISATION (F)		4.684
	PROFIT / (LOSS) BEFORE TAX (E-F) (G)		(219.464)
Less	TAX (H)		1.757
	PROFIT / (LOSS) AFTER TAX (G-H) (I)		(221.221)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		67.931
	BALANCE CARRIED TO THE B/S		(153.290)
	Earnings / (Loss) Per Share (Rs.)		(2.292)

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	8.39	(114.62)	(937.46)
Net Profit Margin (PBT/Sales)	(%)	18.43	(107.76)	(937.46)
Return on Total Assets (PBT/Total Assets}	(%)	1.49	(12.54)	(4.59)
Return on Investment (ROI) (PBT/Networth)		0.01	(0.15)	(0.04)
Debt Equity Ratio (Total Debt /Networth)		0.07	0.15	0.21
Current Ratio (Current Asset/Current Liability)		0.31	0.15	5.00

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

LITIGATION DETAILS

CHENNAI COURT

CASE STATUS INFORMATION SYSTEM

Case Status: Pending

Status of: Original Side Appeal

Case No.: 120

Year: 2012

Petitioner: M/S. Srinivasa Foundation

Respondent: M/S. Shriram Properties Private

Pet’s Advocate: M/S. K.Ramu

Res’s Advocate:

Category: No Category Mentioned

Last Listed on: No date Mentioned

Case Update on: June 14, 2012

UNSECURED LOAN

PARTICULARS	31.03.2012 (Rs. in Millions)	31.03.2011 (Rs. in Millions)
Short-term borrowings
Loans and advances from related parties	371.495	430.193
Total	371.495	430.193

FINANCIAL RESULTS:

During the year, the Company recorded operational revenue of Rs.368.540 millions and posted a profit before tax of Rs.68.150 million as compared to net loss of Rs.485.580 million the previous financial year 2011

REVIEW OF OPERATION:

The year was a challenging year for the Industry in general and the Company in particular due to subdued demand on account of the economic situation both domestic and overseas. The cost of borrowing on housing loans has witnessed significant increase and further escalation in input costs has pushed the cost of development of properties and the developers not being able to fully pass on to this increased cost to the customers.

Notwithstanding the current market situation, the Company has sold 1.646 million sq.ft. of residential space across various projects, as against 1.360 million sq.ft. in the previous year and recorded revenue collection of Rs.2,757.000 millions as against Rs.9,25.000 millions in the previous year. The Company’s various projects under execution

has been on schedule and the Company does not envisage any cost over-run for any of the Projects under implementation However, there has been approval delays by regulators in respect of the projects under execution by the Company’s Subsidiaries in respect of SEZ project at Chennai and residential cum commercial development at Kolkata.

FUTURE OUTLOOK:

The strength of the Company lies in identification, planning and successful implementation of the projects in both the residential and commercials space. The Company has been exploring opportunities to leverage on its strength to identifying distressed assets for take over and development on the basis of its current liquidity position and the goodwill the company enjoys in the real estate space.

The Company along with its subsidiaries is exploring new opportunities in the real estate space across the southern states and has entered into Joint Development Agreement with land owners and also for outright purchase of land to achieve about 4 million sqft of sales in the next financial year.

BACKGROUND

Subject was incorporated as Synectics Infoway Private Limited on 28 March 2000. The registered office of the Company is located at Chennai, Tamil Nadu, India. On 28 March 2003 the Company changed its name to Shriram Properties Private Limited. The Company is engaged in the business of development of real estate projects.

On 10 April 2003, the Company changed its status from a private limited company to a public limited company and changed its name from Shriram Properties Private Limited to Shriram Properties Limited.

On 14 February 2008, the Company changed its status from a public limited company to a private limited company and changed its name from Shriram Properties Limited to Shriram Properties Private Limited.

On 11 November 2009, the Company changed its status from a private limited company to a public limited company and changed its name from Shriram Properties Private Limited to Shriram Properties Limited.

On 19 December 2011, the Company changed its status from a public limited company to a private limited company and changed its name from Shriram Properties Limited to Shriram Properties Private Limited.

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10439086	28/06/2013	840,000,000.00	THE RATNAKAR BANK LIMITED	SHAHUPURI,KOLHAPUR,, KOLHAPUR, MAHARASHTRA - 41600 1, INDIA	B80473812
2	10434386	18/06/2013	700,000,000.00	3I INFOTECH TRUSTEESHIP SERVICES LIMITED	3RD TO 6TH FLOOR, INTERNATIONAL INFOTECH PARK, TOWER NO.5, VASHI RAILWAY STATION COMPLEX, VASHI, NAVI MUMBAI, MAHARASHTRA - 400703, INDIA	B78537412
3	10431645	18/06/2013 *	600,000,000.00	3I INFOTECH TRUSTEESHIP SERVICES LIMITED	3RD TO 6TH FLOOR, INTERNATIONAL INFOTECH PARK,, T OWER NO.5, VASHI RAILWAY STATION COMPLEX, VASHI, NAVI MUMBAI, MAHARASHTRA - 400703, INDIA	B77850519
4	10413413	21/03/2013	250,000,000.00	CITY UNION BANK LIMITED	NO. 196, 1ST FLOOR, C. M. COMPLEX, SULTANPET MAI N ROAD, BANGALORE, KARNATAKA - 560053, INDIA	B71322671

Note: * Date of charge modification

FIXED ASSETS

Tangible assets

• Furniture and fixtures
• Vehicles
• Motor vehicles
• Office equipment
• Computer equipment’s
• Leasehold improvements

Intangible assets

• Computer software

PRESS RELEASES

SHRIRAM PROPERTIES TO BID FOR BRITANNIA'S FACTORY LAND IN CHENNAI

AUGUST 12, 2013

Industry analysts indicated that the property will attract much more value if converted for a residential or a commercial development.

Britannia Industries, India’s largest publicly held food company, has finally decided to sell its factory as well as the land spread over 16 acres in Chennai’s industrial hub- Padi. According to information available, the company may look to sell this asset in two parts of close to 9 acres first and then the rest later.

Vinita Bali, MD, Britannia Industries said that they are in the process of selling the Chennai facility as it was not efficient She however, did not comment on the kind of amount the company was looking to mop up by selling this asset.

According to information available, Bangalore-based Shriram Properties is understood to be considering to bid for this property. Industry analysts indicated that since this property is in the industrial hub, it will attract much more value if it is converted and made ready for a residential or a commercial development. “If converted, an acre could fetch between Rs 100.000-120.000 Millions per acre,” an industry analyst indicated and Britannia may be getting close to around Rs 1000.000 Millions by exiting the first parcel of close to 9 acres.

This move by Britannia to sell the land at Chennai comes parallely to a move which the company is contemplating to develop a 6-acre plot in Bangalore on which its headquarters is located.  The land, if unlocked can fetch around Rs 4500.000 Millions.

TATAS EYE RS 600CR SHRIRAM ARM STAKE

SEPTEMBER 24, 2013

MUMBAI/BANGALORE: Southern conglomerate Shriram Group is poised to sell an 18% stake in its unlisted company Shriram Properties to a real estate fund of Tata Group for Rs 6000.000 Millions, said people directly aware of the matter. The potential deal is significant as it could bring together two marquee names of India Inc on a real estate platform.

The Tata realty fund is conducting due diligence ahead of the proposed investment, which is likely to close in the next 60 days, the sources added. Shriram Group, which holds a 60% stake in the real estate developer, will bring its stake down to 42% after the deal. Earlier this year, billionaire Ajay Piramal had picked up a 10% stake in Shriram Capital, the holding company of the Chennai-based group's financial services business, for Rs 7000.000 Millions.

TPG (17%) and Starwood Capital and Walton Street Capital (together with 23%) own the remaining shares in Shriram Properties, which has delivered over 8.5 million sq ft of built-up space and another 12.5 million to be delivered in the next 18 months. Shriram, which is planning an initial public offer to provide exits to these investors in the next 36 months, also has a pipeline of 46 million sq ft in the making. Repeated calls and text messages to Shriram Properties MD M Murali went unanswered. A query emailed to the Tata Group's spokesperson didn't elicit a response till the time of going to press.

SHRIRAM PROPERTIES CATERING WELL TO INVESTORS NEED

OCTOBER 3, 2013

SHRIRAM PROPERTIES HAS BEEN DEVELOP PERSONALIZED RESIDENCES, 2, 3 BHK APARTMENTS, COMMERCIAL PROPERTY, GOOD LOOKING HOMES, FLATS, LUXURY VILLAS IN DODDABALLAPUR ROAD, YELAHANKA AT AFFORDABLE PRICES.

What really makes an organisation a great organisation Its the dedication and commitment of firm towards meeting with the clients requirements followed by working with customer centric approach. This is what we here at Shriram Properties completely believes in attaining 100% client satisfaction. Shriram Properties possesses 3 decades of experience and 60,000 Cr of its great business revenue. AVS Raja, T Jayaraman and R Thyagarajan being the “three musketeers” ventured with the business. Main focus of our company is to serve the rising needs of common people. Keeping this objective in mind, our organisation is engrossed in diverse segments of business which are Distribution of Investment and Insurance Products, Commercial Vehicle Financing, Retail Stock Broking, Chit Funds, Consumer and Enterprise Finance and Life Insurance. Our Financial services comprises of above mentioned ventures which enables us in empowering people with prosperity and ensuring highest levels of growth. However, our Non financial services comprises of many varied sectors of business which are Drugs and Pharmaceuticals, Auto Machine Components, Medical Diagnostics, Information Technology, Musical Instruments, Real Estate Development, Business Process Management, Engineering Services, Infrastructure and Power and PET and Flexible Packaging. Since we came into being have been renowned across the industry as a leading and a reputed real estate developer and builder company. Our main aim is to offer quality and highly affordable housing along with commercial property solutions to all its esteemed clients. Understanding the living desires and requirements of clients, we have been laying emphasis on creating quality living solutions to built it with maintaining highest standards of quality. Our team of highly professional and diligent professionals assist us in each of our development project. They are completely well versed with the industry set standards and norms which has enabled them to result with quality construction. In order to attain 100% client satisfaction we have been working with strategizing each of our construction project followed by using premium quality materials to result with exceptionally structured properties. Not only this, we also come with the most prevailing design of the industry to create our structures as per the prevailing trends. We here at Shriram Properties pride ourselves in meeting with the standards and desires of all our esteemed clients with offering them with the best structured industry specific properties with added modern age amenities and facilities. Be it the need for residential apartments, office spaces or commercial zones, we have been possessing great expertise in catering all specified requirements of our clients effectively and timely in a stipulated time frame. So what are you waiting for Don't wait or hesitate to invest on the most liked and best desired property meeting with your budget and requirements. Our customer centric approach has enabled us to offer all high quality infrastructures with added amenities and facilities to suit well with the rising property desires of investors. One can always trust us to find best structured property via all the best property deals. You can visit our website to learn in more detail about us and our business.

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.63.06
UK Pound	1	Rs.101.15
Euro	1	Rs.84.95

INFORMATION DETAILS

Report Prepared by :

KVT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	5
--RESERVE	1~10	6
--CREDIT LINES	1~10	5
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	YES
--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
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		50

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.