MIRA INFORM REPORT

Report Date :

22.11.2013

IDENTIFICATION DETAILS

Name :	FOURCEE INFRASTRUCTURE EQUIPMENTS PRIVATE LIMITED (w.e.f. 17.10.2007)
Formerly Known As :	PRELUDE EXPORTS PRIVATE LIMITED
Registered Office :	431, Laxmi Mall, Laxmi Industrial Estate, New Link Road, Andheri (West), Mumbai – 400 053, Maharashtra
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	26.04.2002
Com. Reg. No.:	11-135662
Capital Investment / Paid-up Capital :	Rs.4935.074 Millions
CIN No.: [Company Identification No.]	U51909MH2002PTC135662
TAN No.: [Tax Deduction & Collection Account No.]	MUMP15214C
PAN No.: [Permanent Account No.]	AACCP5048E
Legal Form :	Private Limited Liability Company
Line of Business :	To carry on the business as agents, brokers, commission agents, buying and selling agents, distributors, indenting agents in goods and commodities.
No. of Employees :	Above 300 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (32)

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

Maximum Credit Limit :	USD 21110000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Exist
Comments :	Subject is an established company having moderate track record. Management has failed to file its latest financials of 2013 with government department. As per of 2012, reserves of the company appears to be low. However, trade relations are fair. Business is active. Payment terms are slow but correct. The company can be considered for business dealing with some caution.

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.

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. Bal Ganesh
Designation :	Finance Executive
Contact No.:	91-22-42329600
Date :	21.11.2013

LOCATIONS

Registered Office :	431, Laxmi Mall, Laxmi Industrial Estate, New Link Road, Andheri (West), Mumbai – 400 053, Maharashtra, India
Tel. No.:	91-22-42329600
Fax No.:	91-22-42329611
E-Mail :	bagaria.arun@gmail.com puneet@fourcee.co.in kunal.bavisi@fourcee.co.in
Website :	http://www.fourcee.co.in
Head Office :	Sharyans Audeus, Unit 501/502, CTS No. 688 Oshiwara, Veera Desai Road, Near Fun Republic Andheri (W), Mumbai – 400 053, India
Tel. No.:	91-22-42329600/ 42329617
Fax No.:	91-22-42329611

DIRECTORS

AS ON 22.08.2012

Name :

Mr. Vinay Singh

Designation :

Director

Address :

A-303 Greenfields, Lokhandwala, Andheri (West), Mumbai – 400053, Maharashtra, India

Date of Birth/Age :

13.04.1988

Date of Appointment :

30.07.2007

PAN No.:

BGAPS0899A

DIN No.:

00542695

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	U32109MH1997PTC108673	FOURCEE EQUIPMENTS AND SERVICES PRIVATE LIMITED	Director	20/07/2006	20/07/2006	04/04/2008	Active	NO
2	U51909MH2002PTC135662	FOURCEE INFRASTRUCTURE EQUIPMENTS PRIVATE LIMITED	Director	30/07/2007	30/07/2007	-	Active	NO
3	U51109WB2005PTC105641	DEVNADI TRADELINK PRIVATE LIMITED	Director	05/02/2009	05/02/2009	-	Active	NO
4	U63090GJ2010PTC065523	KERRY-ITS TERMINAL (KANDLA) PRIVATE LIMITED	Director	24/03/2010	24/03/2010	07/09/2010	Active	NO
5	U74900MH2010PTC200202	SHAARVIN DEVELOPERS PRIVATE LIMITED	Director	25/03/2010	25/03/2010	-	Active	NO
6	U74900WB2007PTC116684	MAHAVIR PORT AND TERMINAL PRIVATE LIMITED	Director	30/03/2010	30/03/2010	22/03/2011	Active	NO
7	U51909WB2007PTC120728	ORIENT VINCOM PRIVATE LIMITED	Director	05/04/2010	05/04/2010	-	Active	NO
8	U74990MH2010PTC198246	SUTTRA BROADBAND PRIVATE LIMITED	Director	08/05/2010	08/05/2010	-	Active	NO
9	U74990MH2011PTC214372	FOURCLEAN CONTAINERS EQUIPMENTS PRIVATE LIMITED	Director	04/03/2011	04/03/2011	-	Active	NO
10	U60200DL2011PTC227307	Kashipur Infrastructure and Freight Terminal Private Limited	Director	11/11/2011	11/11/2011	11/10/2013	Active	NO

Name :

Mr. Rajesh Lihala

Designation :

Director

Address :

155, C Uashmesh Colony, N Dutta Marg, DN Nagar, Andheri (West), Mumbai – 400053, Maharashtra, India

Date of Birth/Age :

09.06.1959

Date of Appointment :

26.06.2009

PAN No.:

ACYPL6324J

DIN No.:

02788479

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	U27200MH1993PTC074003	HARI METAL MILLS PRIVATE LIMITED	Director	26/09/2009	26/09/2009	-	Active	NO
2	U51909MH2002PTC135662	FOURCEE INFRASTRUCTURE EQUIPMENTS PRIVATE LIMITED	Director	26/09/2009	26/09/2009	-	Active	NO
3	U51909WB2007PTC120728	ORIENT VINCOM PRIVATE LIMITED	Director	20/03/2010	20/03/2010	04/10/2010	Active	NO
4	U51909WB2007PTC120723	ROSE VINCOM PRIVATE LIMITED	Director	20/03/2010	20/03/2010	01/10/2012	Active	NO
5	U63090GJ2010PTC065523	KERRY-ITS TERMINAL (KANDLA) PRIVATE LIMITED	Director	24/03/2010	24/03/2010	07/09/2010	Active	NO
6	U74990MH2010PTC199033	NIVEDITA SALES AGENCY PRIVATE LIMITED	Director	25/03/2010	25/03/2010	01/10/2012	Active	NO
7	U74900WB2007PTC116684	MAHAVIR PORT AND TERMINAL PRIVATE LIMITED	Director	30/03/2010	30/03/2010	-	Active	NO
8	U51900MH2010PTC201972	PRABODH MERCANTILE PRIVATE LIMITED	Director	02/08/2012	27/04/2010	01/10/2012	Active	NO
9	U63030MH2011PTC214386	FOURCEE TANKS AND TERMINALS PRIVATE LIMITED	Director	04/03/2011	04/03/2011	-	Active	NO
10	U61100MH2011PTC215807	ZEN SHIPPING & PORTS INDIA PRIVATE LIMITED	Director	05/04/2011	05/04/2011	21/12/2011	Active	NO
11	U51909WB2008PTC128888	LOTUS SUPPLIERS PRIVATE LIMITED	Director	12/04/2011	12/04/2011	01/10/2012	Active	NO
12	U51909WB2010PTC148982	BLUEBIRD VINTRADE PRIVATE LIMITED	Director	16/05/2011	16/05/2011	16/05/2011	Active	NO
13	U51909WB2010PTC148976	AMRITGIRI COMMODEAL PRIVATE LIMITED	Director	31/05/2011	31/05/2011	31/05/2011	Active	NO
14	U60200DL2011PTC227307	Kashipur Infrastructure and Freight Terminal Private Limited	Director	11/11/2011	11/11/2011	11/10/2013	Active	NO
15	U51909WB2009PTC132457	VALUETIME TIE-UP PRIVATE LIMITED	Director	29/12/2011	29/12/2011	-	Active	NO
16	U51909WB2008PTC131447	TEJASWANI COMMERCIAL PRIVATE LIMITED	Director	29/12/2011	29/12/2011	-	Active	NO
17	U74990MH2011PTC214372	FOURCLEAN CONTAINERS EQUIPMENTS PRIVATE LIMITED	Additional director	08/10/2012	08/10/2012	-	Active	NO

Name :

Mrs. Artidevi Rajsingh Singh

Designation :

Director

Address :

A-303 Greenfields, Lokhandwala, Andheri (West), Mumbai – 400053, Maharashtra, India

Date of Birth/Age :

15.02.1970

Date of Appointment :

10.08.2007

DIN No.:

01717098

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Company/ LLP Status	Defaulting status
1	U51909MH2002PTC135662	FOURCEE INFRASTRUCTURE EQUIPMENTS PRIVATE LIMITED	Director	10/08/2007	10/08/2007	Active	NO
2	U51109WB2005PTC105641	DEVNADI TRADELINK PRIVATE LIMITED	Director	05/02/2009	05/02/2009	Active	NO
3	U74900MH2010PTC200202	SHAARVIN DEVELOPERS PRIVATE LIMITED	Director	25/03/2010	25/03/2010	Active	NO
4	U51909WB2007PTC120728	ORIENT VINCOM PRIVATE LIMITED	Director	04/05/2010	04/05/2010	Active	NO
5	U74990MH2010PTC198246	SUTTRA BROADBAND PRIVATE LIMITED	Director	08/05/2010	08/05/2010	Active	NO

Name :

Mr. Baljitsingh P Sandhu

Designation :

Director

Address :

F-1, Anandbag Society, Ghatlodia Tal City, District Ahmedabad – 380061, Gujarat, India

Date of Birth/Age :

10.09.1958

Date of Appointment :

31.03.2009

DIN No.:

02792891

Name :

Mr. Kumar Krishnan Iyer

Designation :

Nominee Director

Address :

Flat 2002, Odyssey II, Hiranandani Gardens, Powai, Mumbai – 400076, Maharashtra, India

Date of Birth/Age :

28.05.1962

Date of Appointment :

22.08.2012

PAN No.:

AAAPI2320M

DIN No.:

01865617

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	U45200AP2005PTC047562	FACET CONSTRUCTION ENGINEERING PRIVATE LIMITED	Director	19/09/2008	05/11/2007	-	Active	NO
2	U55100MH2004PTC148815	SPLENDOUR HOSPITALITY PRIVATE LIMITED	Director	27/03/2008	27/03/2008	11/06/2012	Active	NO
3	L27102WB1999PLC089755	JAI BALAJI INDUSTRIES LIMITED	Director	15/09/2009	30/10/2008	20/07/2011	Active	NO
4	U67100MH2009PTC191898	IEP FUND ADVISORS PRIVATE LIMITED	Director	21/04/2009	21/04/2009	-	Active	NO
5	U70109DL2006PLC153767	IL&FS Cluster Development Initiative Limited	Nominee director	29/01/2010	21/01/2010	-	Active	NO
6	U80220MH1997PLC112535	IL & FS EDUCATION & TECHNOLOGY SERVICES LIMITED	Nominee director	29/01/2010	21/01/2010	-	Active	NO
7	U51909MH2002PTC135662	FOURCEE INFRASTRUCTURE EQUIPMENTS PRIVATE LIMITED	Nominee director	22/08/2012	04/11/2010	-	Active	NO
8	U63090MP1999PTC013434	SWASTIK ROADLINES PRIVATE LIMITED	Nominee director	20/12/2010	20/12/2010	-	Active	NO
9	U85300CH2010PTC032132	COMET HEALTHCARE & CONSULTING PRIVATE LIMITED	Director	30/09/2011	31/12/2010	-	Active	NO
10	U24236DL1986PTC023504	R.G. SCIENTIFIC ENTERPRISES Private Limited	Nominee director	30/09/2011	20/04/2011	-	Active	NO
11	U85120DL2007PTC170348	AXISS DENTAL PRIVATE LIMITED	Nominee director	23/05/2012	23/05/2012	-	Active	NO
12	U63090MH2011PTC224002	STARTREK LOGISTICS PRIVATE LIMITED	Director	01/11/2012	01/11/2012	-	Active	NO
13	U05005AP1995PLC021217	OCEAN SPARKLE LIMITED	Additional director	17/05/2013	17/05/2013	-	Active	NO
14	U85120KA2010PTC054400	NARAYANA HRUDAYALAYA DENTAL CLINICS PRIVATE LIMITED	Nominee director	25/09/2013	18/06/2013	-	Active	NO

Name :

Mr. Ranjit Vasant Pandit

Designation :

Nominee Director

Address :

Daibhanga Mansion, Flat No. 1,12, Carmichael Road, Mumbai - 400026, Maharashtra, India

Date of Birth/Age :

05.04.1954

Date of Appointment :

11.01.2012

DIN No.:

00782296

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	U24100MH1972PLC016112	PRATAP PANDIT LIMITED	Director	06/12/1974	06/12/1974	-	Active	NO
2	U99999MH1941PTC003412	THE INDUSTRIAL LEATHER COMPANY PRIVATE LIMITED	Director	17/03/1975	17/03/1975	-	Active	NO
3	U19202MH1957PTC010907	BOMBAY FOOTWEAR PRIVATE LIMITED	Director	26/04/1993	26/04/1993	-	Active	NO
4	U22219WB1922PTC004503	ABP PRIVATE LIMITED	Director	20/08/2008	17/03/2008	-	Active	NO
5	L24110MH1965PLC013331	Rhodia Specialty Chemicals India Limited	Director	31/10/2013	30/01/2009	-	Active	NO
6	U74210MH2002PTC137746	GENERAL ATLANTIC PRIVATE LIMITED	Director	29/09/2011	03/05/2011	22/02/2013	Active	NO
7	U51909MH2002PTC135662	FOURCEE INFRASTRUCTURE EQUIPMENTS PRIVATE LIMITED	Nominee director	11/01/2012	11/01/2012	-	Active	NO

Name :

Mr. Tariq Nadeem Ahmed

Designation :

Nominee Director

Address :

Vittal Mallya Road, Bangalore – 560001, Karnataka, India

Date of Birth/Age :

22.11.1978

Date of Appointment :

11.01.2012

DIN No.:

03490137

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	U40105AP2007PTC058753	EAST COAST ENERGY PRIVATE LIMITED	Alternate director	28/09/2012	18/03/2011	18/12/2012	Active	NO
2	U51909MH2002PTC135662	FOURCEE INFRASTRUCTURE EQUIPMENTS PRIVATE LIMITED	Nominee director	11/01/2012	11/01/2012	-	Active	NO
3	U40300AP2008PTC058520	COBALT POWER PRIVATE LIMITED	Alternate director	05/06/2012	31/03/2012	05/07/2012	Active	NO
4	U40108AP2010FTC069648	INDUS CLEAN ENERGY (INDIA) PRIVATE LIMITED	Alternate director	19/03/2013	26/09/2012	18/06/2013	Active	NO
5	U40108AP2010PTC069348	INDUS HYDRO POWER (INDIA) PRIVATE LIMITED	Alternate director	21/03/2013	28/09/2012	18/06/2013	Active	NO

KEY EXECUTIVES

Name :	Mr. Bal Ganesh
Designation :	Finance Executive

MAJOR SHAREHOLDERS

AS ON 22.08.2012

Names of Equity Shareholders	No. of Shares
Vinay Singh	750020
Rajesh Lihala	20000
Arti Singh	607500
Jyoti Singh	122500
Devnadi Tradelink Private Limited, India	800000
Hari Metal Mills Private Limited, India	1207486
General Atlantic Singapore Fund Pte. Limited, India	20
Total	3507526

Names of Preference Shareholders	No. of Shares
General Atlantic Singapore Fund Pte. Limited, India (Series A CCPS)	2499990
General Atlantic Singapore Fund Pte. Limited, India (Series B CCPS)	1000000
General Atlantic Singapore Fund Pte. Limited, India (Series C CCPS)	27457994
General Atlantic Singapore Fund Pte. Limited, India (Series D CCPS)	7542006
Mulith Equity Holdings Limited (Series B CCPS)	10500000
Total	48999990

Equity Share Break up (Percentage of Total Equity)

AS ON 22.08.2012

Category	Percentage
Bodies corporate	57.24
Directors or relatives of Directors	42.76
Total	100.00

BUSINESS DETAILS

Line of Business :	To carry on the business as agents, brokers, commission agents, buying and selling agents, distributors, indenting agents in goods and commodities.
Export :	Not Divulged
Import :	Not Divulged
Terms :
Selling :	Cash, Credit, 30 Days and 60 Days
Purchasing :	Cash, Credit, 30 Days and 60 Days

GENERAL INFORMATION

Suppliers :

Not Divulged

Customers :

Not Divulged

No. of Employees :

Above 300 (Approximately)

Bankers :

Citi Bank N. A., First International Financial Centre, 9^th Floor, Plot No.C-54, C-55, G-Block, BKC, Bandra, Mumbai – 400 051, Maharashtra, india

Facilities :

SECURED LOANS	31.03.2012 Rs. In Millions	31.03.2011 Rs. In Millions
Long Term Borrowings
Term Loan from others	144.792	42.402
Other loans and Advances	78.866	125.316
Term loans from Banks	0.000	285.281
Short Term Borrowings
Term loans from Banks	192.894	161.535
Total	416.552	614.534

NOTE:

Short term borrowings:

Cash credit facility from IDBI bank is secured by first charge on all current assets of the company by way of hypothecation and second charge on fixed assets of the company.

Banking Relations :	--
Auditors :
Name :	B S R and Company Chartered Accountants
Address :	KPMG House, Kamala Mills Compound, 448, Senapati Bapat Marg, Lower Parel, Mumbai – 400 013, Maharashtra, India
PAN No.:	AAIFB7357B
Subsidiary Companies :	Fourcee Asia Pte. Limited

CAPITAL STRUCTURE

AS ON 22.08.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
4010000	Equity Shares	Rs.10/- each	Rs.40.100 Millions
49599000	Preference Shares	Rs.100/- each	Rs.4959.900 Millions
	Total		Rs.5000.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
3507526	Equity Shares	Rs. 10/- each	Rs.35.075 Millions
48999990	Preference Shares	Rs.100/- each	Rs.4899.999 Millions
	Total		Rs.4935.074 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	4935.074	1440.078
(b) Reserves & Surplus	344.280	187.956
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000
Total Shareholders’ Funds (1) + (2)	5279.354	1628.034
(3) Non-Current Liabilities
(a) long-term borrowings	252.132	452.999
(b) Deferred tax liabilities (Net)	110.248	58.255
(c) Other long term liabilities	0.000	0.000
(d) long-term provisions	4.712	0.310
Total Non-current Liabilities (3)	367.092	511.564
(4) Current Liabilities
(a) Short term borrowings	200.502	188.433
(b) Trade payables	172.744	33.795
(c) Other current liabilities	344.839	323.759
(d) Short-term provisions	0.373	8.810
Total Current Liabilities (4)	718.458	554.797
TOTAL	6364.904	2694.395
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	2688.952	1308.103
(ii) Intangible Assets	51.756	1.432
(iii) Capital work-in-progress	286.910	124.557
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	22.092	22.043
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	1041.575	762.419
(e) Other Non-current assets	13.373	0.060
Total Non-Current Assets	4104.658	2218.614
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	0.000	0.000
(c) Trade receivables	459.985	252.791
(d) Cash and cash equivalents	1530.952	15.919
(e) Short-term loans and advances	192.861	199.265
(f) Other current assets	76.448	7.806
Total Current Assets	2260.246	475.781
TOTAL	6364.904	2694.395

SOURCES OF FUNDS		31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		540.078
2] Share Application Money		0.000
3] Reserves & Surplus		213.263
4] (Accumulated Losses)		0.000
NETWORTH		753.341
LOAN FUNDS
1] Secured Loans		537.642
2] Unsecured Loans		0.000
TOTAL BORROWING		537.642
DEFERRED TAX LIABILITIES		23.188
TOTAL		1314.171
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		701.583
Capital work-in-progress		351.931
INVESTMENT		0.002
DEFERRED TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000
	Sundry Debtors	100.228
	Cash & Bank Balances	98.718
	Other Current Assets	0.000
	Loans & Advances	86.261
Total Current Assets		285.207
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.000
	Other Current Liabilities	23.461
	Provisions	1.091
Total Current Liabilities		24.552
Net Current Assets		260.655
MISCELLANEOUS EXPENSES		0.000
TOTAL		1314.171

PROFIT & LOSS ACCOUNT

	PARTICULARS			31.03.2012	31.03.2011	31.03.2010
	SALES
		Income
		Other Income
		TOTAL (A)		3334.700	1997.900	842.408
Less	EXPENSES
		Operating Expenses				675.907
		Administrative and Other Expenses				23.905
		Personnel Expenses				14.349
		TOTAL (B)		2653.800	1601.300	714.161
	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)			680.900	396.600	128.247
Less	FINANCIAL EXPENSES (D)			187.600	104.600	39.477
	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)			493.300	292.000	88.770
Less	DEPRECIATION/ AMORTISATION (F)			173.400	83.200	22.255
	PROFIT/(LOSS) BEFORE TAX (E-F) (G)			319.900	208.800	66.515
Less	TAX (H)			127.500	74.100	19.766
	PROFIT/(LOSS) AFTER TAX (G-H) (I)			192.400	134.700	46.749
	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD			192.400	61.800	15.840
	APPROPRIATIONS
			Interim Dividend	10.500	0.000	0.000
			Proposed Dividend	0.200	7.300	0.626
			Tax on Interim Dividend	1.700	0.000	0.000
			Tax on Proposed Dividend	0.040	1.200	0.103
	BALANCE CARRIED TO THE B/S			344.200	187.900	61.860
	Earnings Per Share (Rs.)			3.66	7.48	13.05

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	5.77	3.71	7.90
Return on Total Assets (PBT/Total Assets}	(%)	6.40	11.70	6.74
Return on Investment (ROI) (PBT/Networth)		0.06	0.13	0.09
Debt Equity Ratio (Total Debt /Networth)		0.09	0.39	0.71
Current Ratio (Current Asset/Current Liability)		3.15	0.86	11.61

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	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	Yes
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	Yes
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 236, Laxmi Plaza, Laxmi Industrial Estate, New Link Road, Andheri (West), Mumbai – 400 053, Maharashtra, India to the present address w.e.f. 14.12.2009

LITIGATION DETAILS:

Case Details

Bench:-Bombay

Presentation Date:-				13/11/2013
Lodging No.:-	COAPPL/95/2013	Filing Date:-	13/11/2013

Petitioner:-

Respondent:-

Petn.Adv.:-

Resp.Adv.:-

District:-

OUTSIDE MAHARASHTRA

Bench:-	SINGLE
Status:-	Admitted(Unready)	Category:-	COMPANY APPEAL U/SEC 10F COMPANIES ACT

Next Date:-

09/12/2013

Stage:-

COMPANY APPEALS FOR ADMISSION

Coram:-

HON'BLE SHRI JUSTICE N.M. JAMDAR

Last Date:-

20/11/2013

Stage:-

COMPANY APPEALS FOR ADMISSION

Last Coram:-

HON'BLE SHRI JUSTICE N.M. JAMDAR

Act :-

Companies Act & Rules 1956

Under Section:-

10F

UNSECURED LOANS:

Particulars	31.03.2012 Rs. In Millions	31.03.2011 Rs. In Millions
Long Term Borrowings
Fully convertible Debentures others	28.474	0.000
Short Term Borrowings
Loans repayable on Demand from Banks	7.608	26.898
Total	36.082	26.898

INDEX OF CHARGE:

Sr. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10453009	11/10/2013	200,000,000.00	CITIBANK N. A.	FIRST INTERNATIONAL FINANCIAL CENTRE, 9TH FLOOR, PLOT NO.C-54, C-55, G-BLOCK, BKC, BANDRA, MUMBAI – 400 51, MAHARASHTRA, INDIA	B86634524
2	10445100	02/08/2013	350,000,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI – 400 013, MAHARASHTRA, INDIA	B83080465
3	10437971	26/06/2013	200,000,000.00	DBS BANK LIMITED	3RD FLOOR, FORT HOUSE, DR. D N ROAD, FORT, MUMBAI – 400 001, MAHARASHTRA, INDIA	B80095300
4	10425222	09/05/2013	660,000,000.00	ICICI BANK LIMITED	LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA – 390 015, GUJARAT, INDIA	B74971995
5	10421615	20/04/2013	300,000,000.00	STANDARD CHARTERED BANK	23, NARAIN MANZIL, BARAKHAMBA ROAD, NEW DELH – 110 001, INDIA	B73717225
6	10417738	09/04/2013	400,000,000.00	FIRSTRAND BANK LIMITED	TCG FINANCIAL CENTRE PLOT NO C 53 G BLOCK, BANDRA KURLA COMPLEX, MUMBAI – 400 051, MAHARASHTRA, INDIA	B72607088
7	10411594	20/02/2013	100,000,000.00	FIRSTRAND BANK LIMITED	TCG FINANCIAL CENTRE PLOT NO C 53 G BLOCK, BANDRA KURLA COMPLEX, MUMBAI – 400 051, MAHARASHTRA, INDIA	B70706825
8	10406042	11/02/2013	200,000,000.00	YES BANK LIMITED	9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD, WORLI, MUMBAI – 400 018, MAHARASHTRA, INDIA	B68418169
9	10389990	30/11/2012	560,000,000.00	DBS BANK LIMITED	UPPER GROUND FLOOR, BIRLA TOWER, 25 BARAKHAMBA ROAD, NEW DELHI – 110 001, INDIA	B63317754
10	10389460	07/01/2013 *	600,000,000.00	YES BANK LIMITED	9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD, WORLI, MUMBAI – 400 018, MAHARASHTRA, INDIA	B65368623

* Date of charge modification

CMT REPORT (Corruption, Money Laundering & Terrorism]

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

1] INFORMATION ON DESIGNATED PARTY

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

2] Court Declaration :

No records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited 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.62.89
UK Pound	1	Rs.101.14
Euro	1	Rs.84.42

INFORMATION DETAILS

Information Gathered by :	JML
Report Prepared by :	NKT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	4
--LEVERAGE	1~10	4
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--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		32

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.