MIRA INFORM REPORT

Report Date :

15.10.2013

IDENTIFICATION DETAILS

Name :	ASCENT CONSTRUCTION PRIVATE LIMITED
Registered Office :	Gladys Alwares Road, Near Khewra Circle, Manpada, Thane-400607, Maharashtra
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	09.05.1995
Com. Reg. No.:	11-088201
Capital Investment / Paid-up Capital :	Rs. 18.000 Millions
CIN No.: [Company Identification No.]	U45200MH1995PTC088201
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is engaged in the business of building and developing real estate property.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (30)

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

Maximum Credit Limit :	USD 98000
Status :	Moderate
Payment Behaviour :	Slow Cut Correct
Litigation :	Clear
Comments :	Subject is an established company having a moderate track record. External borrowing of the company appears to be huge in the year 2012. However, trade relation reported to be fair. Business is active. Payment terms are reported to be slow but correct. The company can be considered for business dealings 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

We are living in a world where volatility and uncertainty have become the New Normal. We saw a change of government in countries like Tunisia, Egypt, Libya and Vietnam. Once powerful countries in Europe are now fighting for bankruptcy. We have taken growth in the developing part of the world for granted but economic growth in China and India has begun to slow. Companies that were synonymous with their product categories just a few years ago are now no longer in existence. Kodak, the inventor of the digital camera had to wind up its operations, HMV, the British entertainment retailing company and Borders, once the second largest bookstore have shut down due to their inability to evolve their business models with the changing time. Readers’ Digest, Thomson Register are no more !

There is another megatrend happening. The World order is changing as economic power shifts from West to East. According to McKinsey study, it took Britain more than 100 years to double its economic output per person during its industrial revolution and the US later took more than 50 years to do the same. More than a century later, China and India have doubled their GDP per capital in 12 and 18 years respectively. By 2020, emerging Asia will become the world’s largest consuming block, overtaking North America.

The years after the outbreak of the global financial crisis, the world economy continues to remain fragile. The Indian economy demonstrated remarkable resilience in the initial years of the contagion but finally lost ground last year. GDP growth slowed down. Currency has been weakening. There is a marked deceleration in agriculture, industry and services. Dampening sentiment led to a cut-back in investment as well as private consumption expenditure.  Inflation remained at high levels fuelled by the pressure from the food and fuel sectors. The large fiscal and current account deficit s continued to cause grave concern. It is imperative that India regains its growth trajectory of 8-9 % sooner than later. This is crucially important given the need to create gainful livelihood opportunities for the millions living in poverty as also the large contingent of young people joining the job market every year.

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 DECLINED BY

Name :	Mr. Nikhil
Designation :	Finance Manager
Contact No.:	91-22-67570000
Date :	14.10.2013

LOCATIONS

Registered Office :	Gladys Alwares Road, Near Khewra Circle, Manpada, Thane-400607, Maharashtra, India
Tel. No.:	91-22-67570000 / 25892945
Fax No.:	91-22-25893599
E-Mail :	kajal@acmehousing.com
Admin Office :	Acme Ghar, 19 K D Road, Vile Parle (West), Mumbai-400056, Maharashtra, India
Tel No.:	91-22-26718883
Fax No.:	91-22-26710976
Email :	acme@acmehousing.com

DIRECTORS

AS ON 26.09.2012

Name :	Mr. Pravin Himmaltal Doshi
Designation :	Director
Address :	102, Asha Kiran, Lajpatrai Road, Vile - Parle (West), Mumbai-400056, Maharashtra, India
Date of Birth/Age :	23.11.1943
Date of Appointment :	29.01.1998
DIN No.:	00051002

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	U74140MH1986PTC039887	ACME BUILDING DESIGN CONSULTANTS PRIVATE LIMITED	Director	22/05/1986	22/05/1986	-	Active	NO
2	U70100MH1986PTC039906	ACME REAL ESTATE PRIVATE LIMITED	Director	27/05/1986	27/05/1986	-	Active	NO
3	U26933MH1990PTC058550	ACME BUILDING PRODUCTS PRIVATE LIMITED	Director	16/10/1990	16/10/1990	-	Active	NO
4	U45200MH1990PTC058825	SIDDHI DWELLERS PRIVATE LIMITED	Director	05/11/1990	05/11/1990	24/10/2012	Active	NO
5	U45200MH1991PTC062521	APNAGHAR REALTORS PRIVATE LIMITED	Director	16/07/1991	16/07/1991	-	Active	NO
6	U70100MH1991PTC063058	DHARMESH CONSTRUCTIONS PRIVATE LIMITED	Director	23/08/1991	23/08/1991	-	Active	NO
7	U70101MH1991PTC063061	PRANGAN HOUSING COMPLEXES PRIVATE LIMITED	Director	23/08/1991	23/08/1991	-	Active	NO
8	U99999MH1991PTC063198	ACME RESIDENTIAL COMPLEXES PRIVATE LIMITED	Director	09/09/1991	09/09/1991	-	Active	NO
9	U70101MH1991PTC063201	SAJAWAT DWELLERS PRIVATE LIMITED	Director	09/09/1991	09/09/1991	-	Active	NO
10	U45200MH1991PTC063200	ACME DWELLERS PRIVATE LIMITED	Director	09/09/1991	09/09/1991	-	Active	NO
11	U45200MH1991PTC063199	ACME SHELTERS PRIVATE LIMITED	Director	09/09/1991	09/09/1991	-	Active	NO
12	U45200MH1992PTC069034	ACME AMRUT PROPERTY DEVELOPERS PRIVATE LIMITED	Director	15/10/1992	15/10/1992	-	Active	NO
13	U45200MH1992PTC069588	RADHE SHYAM PROPERTY CONSTRUCTIONS PRIVATE LIMITED	Director	17/11/1992	17/11/1992	-	Active	NO
14	U45200MH1992PTC069590	ACME AMRUT BUILDING DEVELOPERS PRIVATE LIMITED	Director	17/11/1992	17/11/1992	-	Active	NO
15	U70100MH1993PTC071753	ACME REALTORS AND BUILDERS PRIVATE LIMITED	Director	27/04/1993	27/04/1993	-	Active	NO
16	U45200MH1993PTC072228	KSHAMA REALTORS PRIVATE LIMITED	Director	31/05/1993	31/05/1993	15/07/2010	Strike off	NO
17	U72100MH1993PTC072226	VIVID REALTORS PRIVATE LIMITED	Director	31/05/1993	31/05/1993	15/07/2010	Under Process of Striking off	NO
18	U70100MH1993PTC072225	BLUESEA REALTORS PRIVATE LIMITED	Director	31/05/1993	31/05/1993	15/07/2010	Strike off	NO
19	U70100MH1993PTC072224	OCEAN LINK REALTORS PRIVATE LIMITED	Director	31/05/1993	31/05/1993	15/07/2010	Active	NO
20	U45200MH1993PTC072771	PRAJAN PROPERTY DEVELOPERS PRIVATE LIMITED	Director	09/07/1993	09/07/1993	-	Strike off	NO
21	U45200MH1994PTC078017	AALAP CONSTRUCTION PRIVATE LIMITED	Director	27/04/1994	27/04/1994	-	Active	NO
22	L99999MH1985PLC113634	ACME STHAPATI LIMITED	Director	01/06/1994	01/06/1994	-	Active	NO
23	U45200MH1994PTC083093	WELLBUILD REALTORS PRIVATE LIMITED	Director	21/11/1994	21/11/1994	-	Active	NO
24	U70100MH1995PTC087973	ASCENT DEVELOPERS PRIVATE LIMITED	Director	03/05/1995	03/05/1995	-	Active	NO
25	U70100MH1995PTC087974	ACME CIVIL ENGINEERING COMPANY PRIVATE LIMITED	Director	20/10/1995	20/10/1995	-	Active	NO
26	U70100MH1995PTC094030	SIRBHA DEVELOPERS PRIVATE LIMITED	Director	31/10/1995	31/10/1995	-	Strike off	NO
27	U70100MH1996PTC095776	CROSSLINE REALTORS (INDIA) PRIVATE LIMITED	Director	01/01/1996	01/01/1996	-	Active	NO
28	U45200MH1995PTC088201	ASCENT CONSTRUCTION PRIVATE LIMITED	Director	01/04/2012	29/01/1998	-	Active	NO
29	U45102MH2001PTC131675	ACME HOUSING INDIA PRIVATE LIMITED	Director	19/04/2001	19/04/2001	-	Active	NO
30	U70100MH2004PTC148540	O2 SUPPLY INCUBATOR PRIVATE LIMITED	Director	21/09/2004	21/09/2004	-	Active	NO
31	U45201MH2002PTC136639	ASCENT HOUSING PRIVATE LIMITED	Director	18/02/2005	18/02/2005	-	Active	NO
32	U45200MH1994PTC078200	AVISHKAR INFRASTRUCTURE PRIVATE LIMITED	Director	15/03/2007	15/03/2007	-	Active	NO
33	U45202MH2008PTC180671	ACME COMPLEX PRIVATE LIMITED	Director	12/06/2008	12/06/2008	-	Active	NO
34	U67120MH1992PTC066617	TRINITY CONSORTIUM DEVELOPMENT PRIVATE LIMITED	Director	01/07/2008	01/07/2008	-	Active	NO
35	U45202MH2008PTC180445	ACME REALTIES PRIVATE LIMITED	Director	01/11/2011	04/07/2008	-	Active	NO
36	U45202MH2008PTC180656	OASIS LIFE SPACES PRIVATE LIMITED	Director	01/08/2010	04/07/2008	-	Active	NO
37	U70102MH2011PTC214651	ACME AVENUE INFRASTRUCTURE PRIVATE LIMITED	Director	11/03/2011	11/03/2011	-	Active	NO
38	U70100MH2011PTC217683	VASTU PUJAN PROPERTY DEVELOPERS PRIVATE LIMITED	Director	20/05/2011	20/05/2011	-	Active	NO

Name :	Mr. Munish Pravin Doshi
Designation :	Director
Address :	102, Asha Kiran, Lajpatrai Road, Vile - Parle (West), Mumbai-400056, Maharashtra, India
Date of Birth/Age :	07.10.1970
Date of Appointment :	09.05.1995
DIN No.:	00051063

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	U45200MH1992PTC069034	ACME AMRUT PROPERTY DEVELOPERS PRIVATE LIMITED	Director	15/10/1992	15/10/1992	-	Active	NO
2	U45200MH1992PTC069588	RADHE SHYAM PROPERTY CONSTRUCTIONS PRIVATE LIMITED	Director	17/11/1992	17/11/1992	-	Active	NO
3	U45200MH1992PTC069590	ACME AMRUT BUILDING DEVELOPERS PRIVATE LIMITED	Director	17/11/1992	17/11/1992	-	Active	NO
4	U45200MH1993PTC072228	KSHAMA REALTORS PRIVATE LIMITED	Director	31/05/1993	31/05/1993	15/07/2010	Strike off	NO
5	U72100MH1993PTC072226	VIVID REALTORS PRIVATE LIMITED	Director	31/05/1993	31/05/1993	15/07/2010	Under Process of Striking off	NO
6	U70100MH1995PTC087974	ACME CIVIL ENGINEERING COMPANY PRIVATE LIMITED	Director	03/05/1995	03/05/1995	-	Active	NO
7	U45200MH1995PTC088201	ASCENT CONSTRUCTION PRIVATE LIMITED	Director	01/04/2012	09/05/1995	-	Active	NO
8	U70100MH1995PTC087973	ASCENT DEVELOPERS PRIVATE LIMITED	Director	27/10/1995	27/10/1995	-	Active	NO
9	U45200MH1994PTC078017	AALAP CONSTRUCTION PRIVATE LIMITED	Director	20/12/1995	20/12/1995	-	Active	NO
10	U70100MH1996PTC095776	CROSSLINE REALTORS (INDIA) PRIVATE LIMITED	Director	18/01/1996	18/01/1996	-	Active	NO
11	L99999MH1985PLC113634	ACME STHAPATI LIMITED	Director	30/09/1996	30/09/1996	-	Active	NO
12	U99999MH1991PTC063198	ACME RESIDENTIAL COMPLEXES PRIVATE LIMITED	Director	29/01/1998	29/01/1998	-	Active	NO
13	U70100MH1991PTC063681	AUM CONSTRUCTION MANAGEMENT SERVICES PRIVATE LIMITED	Director	29/01/1998	29/01/1998	-	Active	NO
14	U45200MH1991PTC062521	APNAGHAR REALTORS PRIVATE LIMITED	Director	29/01/1998	29/01/1998	-	Active	NO
15	U45200MH1994PTC083093	WELLBUILD REALTORS PRIVATE LIMITED	Director	29/01/1998	29/01/1998	-	Active	NO
16	U70101MH1991PTC063201	SAJAWAT DWELLERS PRIVATE LIMITED	Director	29/01/1998	29/01/1998	-	Active	NO
17	U70101MH1991PTC063061	PRANGAN HOUSING COMPLEXES PRIVATE LIMITED	Director	29/01/1998	29/01/1998	-	Active	NO
18	U45200MH1991PTC063200	ACME DWELLERS PRIVATE LIMITED	Director	29/01/1998	29/01/1998	-	Active	NO
19	U70100MH1986PTC039906	ACME REAL ESTATE PRIVATE LIMITED	Director	29/01/1998	29/01/1998	-	Active	NO
20	U45200MH1991PTC063199	ACME SHELTERS PRIVATE LIMITED	Director	29/01/1998	29/01/1998	-	Active	NO
21	U26933MH1990PTC058550	ACME BUILDING PRODUCTS PRIVATE LIMITED	Director	29/01/1998	29/01/1998	-	Active	NO
22	U74140MH1986PTC039887	ACME BUILDING DESIGN CONSULTANTS PRIVATE LIMITED	Director	29/01/1998	29/01/1998	-	Active	NO
23	U70100MH1993PTC071753	ACME REALTORS AND BUILDERS PRIVATE LIMITED	Director	29/01/1998	29/01/1998	-	Active	NO
24	U70100MH1991PTC063058	DHARMESH CONSTRUCTIONS PRIVATE LIMITED	Director	01/10/2009	29/01/1998	-	Active	NO
25	U45102MH2001PTC131675	ACME HOUSING INDIA PRIVATE LIMITED	Director	19/04/2001	19/04/2001	-	Active	NO
26	U70100MH1995PTC094030	SIRBHA DEVELOPERS PRIVATE LIMITED	Director	14/08/2003	14/08/2003	-	Strike off	NO
27	U70100MH1993PTC072225	BLUESEA REALTORS PRIVATE LIMITED	Director	14/08/2003	14/08/2003	15/07/2010	Strike off	NO
28	U70100MH1993PTC072224	OCEAN LINK REALTORS PRIVATE LIMITED	Director	14/08/2003	14/08/2003	15/07/2010	Active	NO
29	U70100MH2004PTC148540	O2 SUPPLY INCUBATOR PRIVATE LIMITED	Director	21/09/2004	21/09/2004	-	Active	NO
30	U45200MH1994PTC078200	AVISHKAR INFRASTRUCTURE PRIVATE LIMITED	Director	15/03/2007	15/03/2007	-	Active	NO
31	U72200MH1999PTC117932	ACROSEAS CONSULTANCY PRIVATE LIMITED	Director	31/03/2007	31/03/2007	-	Active	NO
32	U45201MH2002PTC136639	ASCENT HOUSING PRIVATE LIMITED	Director	14/12/2007	14/12/2007	-	Active	NO
33	U45202MH2008PTC180671	ACME COMPLEX PRIVATE LIMITED	Director	12/06/2008	12/06/2008	-	Active	NO
34	U45202MH2008PTC180656	OASIS LIFE SPACES PRIVATE LIMITED	Director	04/07/2008	04/07/2008	-	Active	NO
35	U45202MH2008PTC180445	ACME REALTIES PRIVATE LIMITED	Director	04/07/2008	04/07/2008	-	Active	NO
36	U45200MH1993PTC072771	PRAJAN PROPERTY DEVELOPERS PRIVATE LIMITED	Director	15/07/2010	15/07/2010	-	Strike off	NO
37	U70102MH2011PTC214651	ACME AVENUE INFRASTRUCTURE PRIVATE LIMITED	Director	11/03/2011	11/03/2011	-	Active	NO
38	U67120MH1992PTC066617	TRINITY CONSORTIUM DEVELOPMENT PRIVATE LIMITED	Director	28/04/2011	28/04/2011	-	Active	NO
39	U70100MH2011PTC217683	VASTU PUJAN PROPERTY DEVELOPERS PRIVATE LIMITED	Director	20/05/2011	20/05/2011	-	Active	NO
40	U45400MH2012PTC230056	APPLE MINT REALTY AND INFRA PRIVATE LIMITED	Director	23/04/2012	23/04/2012	-	Active	NO
41	U70102MH2012PTC228926	ACME PROPERTY DEVELOPERS PRIVATE LIMITED	Additional director	23/07/2012	23/07/2012	01/06/2013	Active	NO

Name :	Mr. Hariharan Jayakumar
Designation :	Director
Date of Appointment :	26.07.2008
DIN No.:	02259797

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	U65990MH1996PTC102459	BENGAL SHAPOORJI DEVELOPERS PRIVATE LIMITED	Director	30/09/2008	30/04/2008	-	Active	NO
2	U70100MH2005PTC158264	WINDWARD BUILDERS PRIVATE LIMITED	Director	30/09/2008	30/04/2008	-	Active	NO
3	U45200MH2006PTC158992	SKYSCAPE DEVELOPERS PRIVATE LIMITED	Director	30/09/2008	30/04/2008	-	Active	NO
4	U45200MH2005PTC158270	KOLLAND DEVELOPERS PRIVATE LIMITED	Director	30/09/2008	30/04/2008	-	Active	NO
5	U65990MH1988PTC049619	BENGAL SHAPOORJI HOUSING DEVELOPMENT PRIVATE LIMITED	Director	30/09/2008	30/04/2008	-	Active	NO
6	U45200MH2007PTC168913	LODHA HEALTHY CONSTRUCTIONS AND DEVELOPERS PRIVATE LIMITED	Nominee director	30/04/2008	30/04/2008	-	Active	NO
7	U70102PN2007PTC129608	KAKADE ESTATE DEVELOPERS PRIVATE LIMITED	Nominee director	27/06/2008	27/06/2008	-	Active	NO
8	U45202MH1946PLC005262	NEW CONSOLIDATED CONSTRUCTION COMPANY LIMITED	Director	22/09/2008	30/06/2008	-	Active	NO
9	U45200MH1995PTC088201	ASCENT CONSTRUCTION PRIVATE LIMITED	Director	26/07/2008	26/07/2008	-	Active	NO
10	U70102MH2008PTC183617	SURYAKRUPA CONSTRUCTIONS PRIVATE LIMITED	Nominee director	11/11/2008	11/11/2008	31/08/2010	Active	NO
11	U01211MH1939PTC003017	THE MANJRI STUD FARM PRIVATE LIMITED	Director	25/09/2009	24/04/2009	-	Active	NO
12	U45200MH2005PTC158083	HIGHSTREET DEVELOPERS PRIVATE LIMITED	Director	25/09/2009	31/08/2009	-	Active	NO
13	U55101KA2000PTC026742	SIDDHARTA RESORTS AND FOODS PRIVATE LIMITED	Nominee director	30/09/2010	07/11/2009	-	Active	NO
14	U70104MH1935PLC002249	SHREENIWAS COTTON MILLS LIMITED	Nominee director	08/11/2010	20/09/2010	-	Active	NO
15	U45400MH2010PTC206647	FRIENDS DEVELOPMENT CORPORATION (IMPERIA) PRIVATE LIMITED	Director	20/12/2010	20/12/2010	-	Active	NO
16	U51909MH2004PTC146299	GIGAPLEX DEVELOPERS PRIVATE LIMITED	Director	30/09/2011	11/08/2011	-	Active	NO
17	U70102MH2008PTC177239	AGILE REAL ESTATE PRIVATE LIMITED	Director	30/09/2011	24/08/2011	-	Active	NO
18	U70200KA2011PTC057054	SUMMIT DEVELOPMENTS PRIVATE LIMITED	Nominee director	14/09/2011	14/09/2011	-	Active	NO
19	U45201KA2011PTC057194	FORTUNA URBANSCAPE PRIVATE LIMITED	Director	20/08/2012	15/12/2011	-	Active	NO
20	U85110KA1995PTC017949	SWIRE INVESTMENTS PRIVATE LIMITED	Director	11/04/2012	19/03/2012	-	Active	NO
21	U85110KA1995PTC017950	NAM ESTATES PRIVATE LIMITED	Director	11/04/2012	19/03/2012	-	Active	NO

Name :	Mr. Kulumani Gopalratnam Krishnamurthy
Designation :	Director
Address :	Flat No.403, Meru Heights, 268, Telang Road, Matunga (C R), Mumbai-400019, Maharashtra, India
Date of Birth/Age :	29.04.1956
Date of Appointment :	11.07.2012
DIN No.:	00012579

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	U74140MH2000PLC124897	HDFC REALTY LIMITED	Director	14/03/2000	14/03/2000	05/03/2007	Active	NO
2	U99999MH1942PLC003573	TATA HOUSING DEVELOPMENT COMPANY LIMITED	Director	13/06/2003	13/06/2003	13/09/2010	Active	NO
3	U45201GJ2003NPL042739	HUNNAR SHAALA FOUNDATION FOR BUILDING TECHNOLOGY AND INNOVATIONS	Director	22/11/2003	22/11/2003	27/09/2010	Active	NO
4	L65923GJ1986PLC008809	GRUH FINANCE LIMITED	Director	17/01/2004	17/01/2004	-	Active	NO
5	U65991MH2004PLC149330	HDFC VENTURE CAPITAL LIMITED	Director	29/11/2004	29/11/2004	-	Active	NO
6	U91110MH1998NPL113558	INDIAN ASSOCIATION FOR SAVINGS AND CREDIT	Director	06/01/2005	06/01/2005	26/09/2012	Active	NO
7	U45204MH2006PTC161661	SANSARA DEVELOPERS INDIA PRIVATE LIMITED	Director	26/07/2007	14/06/2006	15/11/2007	Active	NO
8	L70100MH1986PLC038511	VASCON ENGINEERS LIMITED	Director	21/06/2006	21/06/2006	-	Active	NO
9	U74140MH2006PLC165539	HDFC PROPERTY VENTURES LIMITED	Managing director	01/05/2008	14/11/2006	22/05/2010	Active	NO
10	U45203TN2006PLC059133	L AND T URBAN INFRASTRUCTURE LIMITED	Director	31/01/2007	31/01/2007	23/09/2011	Amalgamated	NO
11	U45202MH1946PLC005262	NEW CONSOLIDATED CONSTRUCTION COMPANY LIMITED	Alternate director	19/08/2013	30/06/2008	-	Active	NO
12	U45200MH1995PTC088201	ASCENT CONSTRUCTION PRIVATE LIMITED	Alternate director	19/08/2013	23/08/2008	-	Active	NO
13	U45200PN2007PTC130346	MATOSHREE SAHIL INFRASTRUCTURE PRIVATE LIMITED	Nominee director	08/05/2009	08/05/2009	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Nikhil
Designation :	Finance Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 26.09.2012

Names of Class A Equity Shareholders	No. of Shares
Pravin H. Doshi Jt. Acme Housing India Private Limited	100
Munish P. Doshi Jt. Acme Housing India Private Limited	100
Rajesh P.Doshi Jt. Acme Housing India Private Limited	100
Acme Housing India Private Limited	899701
TOTAL	900001

Names of Class B Equity Shareholders	No. of Shares
George Maritious Limited	835714
HDFC Investment Trust	64286
TOTAL	900000

AS ON 26.09.2012

Equity Shares Break Up	Percentage of Holding
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	46.43
Bodies corporate	50.00
Other top fifty shareholders	3.57
TOTAL	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged in the business of building and developing real estate property.

GENERAL INFORMATION

No. of Employees :	Not Available
Bankers :	Not Available

Banking Relations :	--
Financial Institution :	Housing Development Finance Corporation Limited, Ramon House, 169 Backbay Reclamation, H T Parekh Marg, Mumbai-400020, Maharashtra, India
Auditors :
Name :	UKG and Associates Chartered Accountant
Address :	B/11, West View, 2nd Floor, Opposite Swaminarayan Temple, Dadar (East), Mumbai-400014, Maharashtra, India
Tel. No.:	91-22-24129600
Fax No.:	91-22-24100362
E-Mail :	ukgala@vsnl.com
PAN No.:	AABFU2688R
Holding Company :	Acme Housing India Private Limited CIN No.:- U45102MH2001PTC131675
Related Parties :	· Acme Realties Private Limited · Acme Real Estate Private Limited · Acme Shelter Private Limited · Dharmesh Constructions Private Limited · Aalap Construction Private Limited · Acme Complex Private Limited · Ascent Housing Private Limited · Acme Building Design Consultants Private Limited · Avishkar Infrastructure Private Limited · Acme Combines · HDFC Investment Trust · Tultaco Services Limited Lemesos

CAPITAL STRUCTURE

AS ON 31.03.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
3000000	Equity Shares	Rs.10/- each	Rs. 30.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
900001	Class A Equity Shares	Rs.10/- each	Rs. 9.000 Millions
900000	Class B Equity Shares	Rs.10/- each	Rs. 9.000 Millions
	TOTAL		Rs. 18.000 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	18.000	18.000
(b) Reserves & Surplus	6.592	1.961
(c) Money received against share warrants	0.000	0.675
(2) Share Application money pending allotment	0.000	0.000
Total Shareholders’ Funds (1) + (2)	24.592	20.636
(3) Non-Current Liabilities
(a) long-term borrowings	931.750	675.000
(b) Deferred tax liabilities (Net)	0.000	0.000
(c) Other long term liabilities	0.000	0.000
(d) long-term provisions	1.754	0.128
Total Non-current Liabilities (3)	933.504	675.128
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000
(b) Trade payables	17.045	49.930
(c) Other current liabilities	1253.063	1404.583
(d) Short-term provisions	1.580	18.839
Total Current Liabilities (4)	1271.688	1473.352
TOTAL	2229.784	2169.116
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	6.245	2.873
(ii) Intangible Assets	0.170	0.000
(iii) Capital work-in-progress	0.000	0.000
(iv) Intangible assets under development	1.891	1.570
(b) Non-current Investments	310.000	0.000
(c) Deferred tax assets (net)	1.103	0.000
(d) Long-term Loan and Advances	546.642	421.030
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	866.051	425.473
(2) Current assets
(a) Current investments	0.118	120.532
(b) Inventories	1143.270	1487.114
(c) Trade receivables	0.331	0.000
(d) Cash and cash equivalents	12.245	134.088
(e) Short-term loans and advances	205.943	1.350
(f) Other current assets	1.826	0.559
Total Current Assets	1363.733	1743.643
TOTAL	2229.784	2169.116

SOURCES OF FUNDS		31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		18.000
2] Share Warrants		0.675
3] Reserves & Surplus		0.017
4] (Accumulated Losses)		0.000
NETWORTH		18.692
LOAN FUNDS
1] Secured Loans		15.000
2] Unsecured Loans		675.354
TOTAL BORROWING		690.354
DEFERRED TAX LIABILITIES		0.000
TOTAL		709.046
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		2.604
Capital work-in-progress		0.000
INVESTMENT		2.682
DEFERREX TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	974.461
	Sundry Debtors	0.000
	Cash & Bank Balances	35.364
	Other Current Assets	0.000
	Loans & Advances	207.862
Total Current Assets		1217.687
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	5.546
	Other Current Liabilities	508.275
	Provisions	0.106
Total Current Liabilities		513.927
Net Current Assets		703.760
MISCELLANEOUS EXPENSES		0.000
TOTAL		709.046

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Sales of Products	782.916	50.000	0.000
		Other Operating Revenue	0.300	0.180	0.000
		Other Income	91.486	3.776	0.000
		TOTAL (A)	874.702	53.956	0.000
Less	EXPENSES
		Property Development Expenses	819.020	51.934	0.025
		Employee benefits expenses	29.004	0.000
		Other Expenses	11.552	0.030
		TOTAL (B)	859.576	51.964	0.025
Less	PROFIT / (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		15.126	1.992	(Including Financial
					Expenses
Less	FINANCIAL EXPENSES (D)		10.400	0.053	And
					Depreciation)
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		4.726	1.939
Less/ Add	DEPRECIATION/ AMORTISATION (F)		1.198	0.000
	PROFIT / (LOSS) BEFORE TAX (E-F) (G)		3.528	1.939	(0.025)
Less	TAX (H)		(1.103)	(0.004)	(0.061)
	PROFIT / (LOSS) AFTER TAX (G-H) (I)		4.631	1.943	0.036
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		1.960	0.017	(0.019)
	BALANCE CARRIED TO THE B/S		6.591	1.960	0.017
	Earnings / (Loss) Per Share (Rs.)		2.57	1.08	--

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	0.53	3.60	0.00
Net Profit Margin (PBT/Sales)	(%)	0.45	3.88	0.00
Return on Total Assets (PBT/Total Assets}	(%)	0.18	0.09	0.00
Return on Investment (ROI) (PBT/Networth)		0.14	0.09	0.00
Debt Equity Ratio (Total Debt /Networth)		37.89	32.71	36.93
Current Ratio (Current Asset/Current Liability)		1.07	1.18	2.37

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	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	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	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	No

Unsecured Loan	Rs. In Millions 31.03.2012	Rs. In Millions 31.03.2011
Long Term Borrowings
Compulsory Convertible Debentures
925000 Debentures of Face Value of Rs. 1000/- each	925.000	675.000
675000 Debentures of Face Value of Rs. 10/- each	6.750	0.000
TOTAL	931.750	675.000
NOTES LONG TERM BORROWINGS Terms and Conditions of CCDs 1. For Compulsory Convertible Debentures of Series I, II and III of Face Value of Rs.1000/-: 1. Each of the above compulsory convertible debentures - 210000 of Series I, 232500 of Series II and 232500 of Series III is convertible into one equity share of Class B in accordance with the Terms and Conditions of the CCDs after 6 months from the completion of the Project or after expiry of 66 months from 16th April, 2008 or otherwise as may be mutually agreed to between the parties whichever is earlier. 2. Each of the above compulsory convertible debentures bear a coupon interest rate of 15% per annum. 2. For Compulsory Convertible Debentures of Series IV of Face Value of Rs.1000/-: 1. During the current financial year the Company has issued 230,000 Compulsorily Convertible Debentures of Rs.1000/- defined as Series IV CCDs. Each of the said Series IV CCDs are convertible into one equity share of Class B in accordance with the Terms and Conditions of the CCDs upon the expiry of 48 months from 19^th March, 2012 or otherwise as may be mutually agreed to between the parties and as agreed upon whichever is earlier. 2. Each of the above compulsory convertible debentures bear a coupon interest rate of 15% per annum. 3. For Convertible Debentures of Series I, II and III of Face Value of Rs. 10/-: 1. Each of the above compulsory convertible debentures categorized into 210000 of Series I, 232500 of Series II and 232500 of Series III is convertible into one equity share of Class A after 6 months from the completion of the Project or after expiry of 66 months from 16th April, 2008 (i.e. simultaneously with the conversion of the Series I, II and III of the Investors CCDs.) or otherwise as may be mutually agreed to between the parties, subjected to the prior written consent being obtained from the investors whichever is earlier 2. Each of the above compulsory convertible debentures bear a coupon interest rate of 15% per annum. B. Default in payment of Interest on Debentures: The interest liability on each of the above compulsory convertible debentures of Series I, II, III and IV of face value of Rs.1000/- and Series I, II and III of face value lo/- each is to be discharged by 31st day of March of each financial year. 1. For Compulsory Convertible Debentures of Series I, II, III and IV of Pace Value of Rs.1000/-: i) As on the date of balance sheet the interest payable on each of the above debentures amounting to Rs.107.428 Millions for the financial year 2011-2012 is outstanding. This has resulted in a default in payment of interest on the above compulsory convertible debentures of Series I, II, III and IV of Rs.107.428 Millions ii) As on the date of balance sheet the interest payable on the above debentures amounting to Rs.90.843 Millions for the financial year 2010-2011 is outstanding. There is a continuing default in respect of payment of interest on the above compulsory convertible debentures of Series I, II and III of Rs. 90.843 Millions for a period of 12 months as on the date of Balance Sheet. 2. For Compulsory Convertible Debentures of Face Value of Rs.10/-: i) As on the date of balance sheet the interest payable on each of the above debentures amounting to Rs. 0.007 Million for the financial year 2011-2012 is outstanding. This has resulted in a default in payment of interest on each of the above compulsory convertible debentures of Series I, II and III of Rs. 0.007 Million

VIEW INDEX OF CHARGES

S. No	Charge ID	Date of Charge Creation /Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN
1	10444317	17/08/2013	2,325,320,000.00	HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED	RAMON HOUSE 169BACKBAY RECLAMATION, H T PAREKH MARG, MUMBAI, MAHARASHTRA - 400020, INDIA	B82731688
2	10359062	15/05/2012	1,200,000,000.00	HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED	RAMON HOUSE 169BACKBAY RECLAMATION, H T PAREKH MARG, MUMBAI, MAHARASHTRA - 400020, INDIA	B40957383

NOTE

Registered office has been shifted from Acme Ghar 19 K D Road, Vile Parle (West), Mumbai-400056, Maharashtra, India to the present address w.e.f. 15.12.2007.

COMPANY BACKGROUND

Subject is a private limited company incorporated under the Companies Act, 1956. The company is engaged in the business of building and developing real estate property.

FIXED ASSETS

· Plant and Machinery

· Furniture and Fixtures

· Vehicles

· Office Equipments

· Computers

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 an 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. 61.30
UK Pound	1	Rs. 97.98
Euro	1	Rs. 83.14

INFORMATION DETAILS

Information Gathered by :	SVA
Report Prepared by :	DPT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	4
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		30

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.