MIRA INFORM REPORT

Report Date :

26.10.2013

IDENTIFICATION DETAILS

Name :	HINDUJA GROUP INDIA LIMITED (w.e.f.02.08.2001)
Formerly Known As :	HINDUJA GROUP INDIA PRIVATE LIMITED
Registered Office :	Hinduja House, 171, Dr Annie Besant Road, Worli, Mumbai – 400018, Maharashtra
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	16.07.1993
Com. Reg. No.:	11-072925
Capital Investment / Paid-up Capital :	Rs. 30.200 Millions
CIN No.: [Company Identification No.]	U74999MH1993PLC072925
TAN No.: [Tax Deduction & Collection Account No.]	MUMH03865B
PAN No.: [Permanent Account No.]	AAACH2457B
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Subject operates in the area of global investment, investment banking, and international trading.
No. of Employees :	Not Divulged

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

Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. There appears accumulated losses recorded by the company which has eroded networth of the company. Trade relation are fair. Business is active. Payment terms are slow. In view of strong holding 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

India’s current account deficit or CAD in April-June widened to 4.9 % of gross domestic product. High imports of gold and oil led to a worsening of the trade deficit, resulting in CAD jumping to $ 21.8 billion to the latest quarter from $ 16.9 billion in the corresponding quarter of the previous financial year. The government aims to bring down CAD to 3.7 % or $ 70 billion, in 2013/14, from 4.8 % or $ 88.2 billion in 2012/13.

The finance ministry has started preparations for Budget 2014/15. With general elections scheduled to be held by May next year, there will only be an interim budget. The new government will present the fiscal Budget.

The Supreme Court has barred clinical trials for new drugs till a monitoring mechanism is put in place to protect the lives of people on which the drugs are tested.

Mumbai has been named the world’s second most honest city according to a survey on 15 cities worldwide by Readers’ Digest magazine. Finnish capital Helsinki bagged the top spot for the world’s most honest city while Lisbon, the capital of Portugal, proved to be the least honest.  The survey put hundreds of people to test in four continents to find out just how honest they were by dropping wallets and seeing how many would be returned.

3.7 % Growth of the core sector in August, a seven month high. This takes the overall growth in April-August this year to 2.3 % compared with 6.3 % in the corresponding period next financial year.

$19 million Estimated average spending by companies across the globe including India, on social media this year, according to a global study by information technology major Tata Consultancy Services. This will rise to $ 24 million in 2015.

Rising inflation, fewer employment avenues and dwindling earnings are taking a toll on the spending capacity in India. Over 72 % respondents from middle and lower middle income families would be forced to slash their Diwali expenditure by 40 % and on average spend nearly 25 % of their monthly salary on Diwali, according to a survey by Assochem.

Analysts believe the shutdown of the US government would have limited impact in sectors such as IT or tourism that are dependent on Visa clearances.

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

MANAGEMENT NON-COOPERATIVE (Tel. No.: 91-22-2490707)

LOCATIONS

Registered Office :	Hinduja House, 171, Dr Annie Besant Road, Worli, Mumbai – 400018, Maharashtra, India
Tel. No. :	91-22-24960707
Fax No. :	91-22-24974208/ 24952876
E-Mail :	secretarial@hindujagroup.com patsaldanha@hotmail.com samir.amc@hindujagroup.com
Website :	www.hindujagroup.com

DIRECTORS

As on 30.09.2013

Name :

Mr. Ashok Parmanand Hinduja

Designation :

Director

Address :

Param Jamuna, J. R. Mhatre Marg, Ruia Park, Juhu, Mumbai - 400049, Maharashtra, India

Date of Birth/Age :

15.07.1950

Date of Appointment :

16.07.1993

DIN No. :

00123180

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	U26999MH1946PTC134186	THE BRITISH METAL CORPORATION (INDIA) PRIVATE LIMITED	Director	09/07/1974	09/07/1974	-	Active	NO
2	U67120MH1952PTC008925	SIDDHARTH TEXTILES PRIVATE LIMITED	Director	31/05/1983	31/05/1983	23/05/2007	Active	NO
3	U70101DL1973PTC006694	SKYWAYS PROPERTIES PRIVATE LIMITED	Director	24/02/1984	24/02/1984	-	Active	NO
4	U74999MH1993PLC072925	HINDUJA GROUP INDIA LIMITED	Director	16/07/1993	16/07/1993	-	Active	NO
5	U51410MH1994PTC079188	AASIA BUSINESS VENTURES PRIVATE LIMITED	Director	08/07/1994	08/07/1994	09/11/2009	Active	NO
6	U70101TN1992PLC023319	HINDUJA PROPERTIES LIMITED	Director	27/10/1994	27/10/1994	28/06/2007	Active	NO
7	U91110MH1995NPL239513	INDUSIND INTERNATIONAL FEDERATION	Director	07/09/1995	07/09/1995	-	Active	NO
8	L51900MH1985PLC036896	HINDUJA VENTURES LIMITED	Whole-time director	01/10/2013	08/11/1995	-	Active	NO
9	U72200MH1995PTC088486	HINDUJA GROUP PRIVATE LIMITED	Director	02/09/1997	02/09/1997	12/02/2007	Active	NO
10	U65993MH2006PTC166340	HINDUJA FINANCE PRIVATE LIMITED	Director	20/12/2006	20/12/2006	-	Active	NO
11	U45400MH2007PTC171370	HINDUJA ESTATE DEVELOPERS PRIVATE LIMITED	Director	06/06/2007	06/06/2007	09/07/2007	Active	NO
12	U40109AP1994PLC017199	HINDUJA NATIONAL POWER CORPORATION LIMITED	Whole-time director	01/05/2011	17/03/2008	-	Active	NO
13	U34200TN2008PLC080987	ASHOK LEYLAND DEFENCE SYSTEMS LIMITED	Director	18/03/2008	18/03/2008	13/05/2011	Active	NO
14	U66030MH2008PLC180206	ASHLEY AVIATION LIMITED	Director	18/03/2008	18/03/2008	24/09/2010	Active	NO
15	U45200MH1968PLC014045	HINDUJA REALTY VENTURES LIMITED	Additional director	10/10/2008	10/10/2008	06/01/2009	Active	NO
16	U64203MH2007PTC167603	HTMT TELECOM PRIVATE LIMITED	Director	18/07/2009	11/12/2008	23/10/2009	Amalgamated	NO
17	U40105MH2008PLC189213	HINDUJA ENERGY (INDIA) LIMITED	Director	30/12/2008	30/12/2008	-	Active	NO

Name :

Mr. Abin Kumar Das

Designation :

Whole-time Director

Address :

61 A, Atlas Apartments ,J. Mehta Road, Mumbai – 400006, Maharashtra, India

Date of Birth/Age :

02.08.1940

Qualification :

BA (Hons)

Experience :

46 Years

Date of Appointment :

26.08.2011

DIN No. :

00122913

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	U63040MH1982PTC027983	VISTA TRAVELS PRIVATE LIMITED	Director	11/08/1982	11/08/1982	-	Active	NO
2	U93090TN1989PLC033174	ASHOK LEYLAND PROJECT SERVICES LIMITED	Director	19/01/1989	19/01/1989	-	Amalgamated	NO
3	U70101DL1973PTC006694	SKYWAYS PROPERTIES PRIVATE LIMITED	Director	31/01/1992	31/01/1992	-	Active	NO
4	L34101TN1948PLC000105	ASHOK LEYLAND LIMITED	Director	19/11/1994	19/11/1994	-	Active	NO
5	U17200MH1979PLC021551	INNETWORK ENTERTAINMENT LIMITED	Director	20/01/1995	20/01/1995	-	Amalgamated	NO
6	U92132MH1995PLC085835	INDUSIND MEDIA AND COMMUNICATION LIMITED	Director	22/03/1995	22/03/1995	-	Active	NO
7	U70101TN1992PLC023319	HINDUJA PROPERTIES LIMITED	Director	31/03/1995	31/03/1995	-	Active	NO
8	U32201KA1998PTC024066	U S N NETWORKS PRIVATE LIMITED	Director	12/08/1998	12/08/1998	-	Active	NO
9	U02002MH1998PLC117080	HINDUJA HEALTHCARE LIMITED	Director	11/11/1998	11/11/1998	-	Active	NO
10	U99999MH1985PTC035983	JAYAM HOLDINGS PRIVATE LIMITED	Director	14/03/2000	14/03/2000	08/09/2010	Active	NO
11	U67120MH1952PTC008925	SIDDHARTH TEXTILES PRIVATE LIMITED	Director	07/07/2000	07/07/2000	-	Active	NO
12	U45201MH2000PLC129434	PLANET E-SHOP HOLDINGS INDIA LIMITED	Director	03/11/2000	03/11/2000	04/08/2011	Active	NO
13	U22121MH2000PLC129433	IN ENTERTAINMENT (INDIA) LIMITED	Director	03/11/2000	03/11/2000	04/08/2011	Active	NO
14	U26999MH1946PTC134186	THE BRITISH METAL CORPORATION (INDIA) PRIVATE LIMITED	Director	02/09/2002	02/09/2002	-	Active	NO
15	L24292AP1961PLC000876	GULF OIL CORPORATION LIMITED	Alternate director	30/10/2010	30/10/2003	15/05/2011	Active	NO
16	U65990MH1990PTC056497	MUSTANG INVESTMENTS PRIVATE LIMITED	Director	30/09/2006	21/04/2006	15/03/2010	Active	NO
17	U51410MH1994PTC079188	AASIA BUSINESS VENTURES PRIVATE LIMITED	Director	30/09/2006	22/06/2006	04/10/2010	Active	NO
18	U74999MH1993PLC072925	HINDUJA GROUP INDIA LIMITED	Whole-time director	26/08/2011	25/07/2006	-	Active	NO
19	U65993MH2006PTC166340	HINDUJA FINANCE PRIVATE LIMITED	Director	20/12/2006	20/12/2006	-	Active	NO
20	U32304MH2007PTC167602	HGS INTERNATIONAL SERVICES PRIVATE LIMITED	Director	06/02/2007	06/02/2007	16/08/2010	Active	NO
21	U32203MH2007PTC167605	HINDUJA ESTATES PRIVATE LIMITED	Director	06/02/2007	06/02/2007	11/12/2008	Active	NO
22	U64203MH2007PTC167603	HTMT TELECOM PRIVATE LIMITED	Director	23/10/2009	06/02/2007	-	Amalgamated	NO
23	U32204MH2007PTC167601	AASIA ENTERTAINMENT PRIVATE LIMITED	Director	06/02/2007	06/02/2007	-	Active	NO
24	U32203MH2007PTC167604	AASIA ENTERPRISES PRIVATE LIMITED	Director	06/02/2007	06/02/2007	-	Active	NO
25	U67120MH1997PLC106676	GRANT INVESTRADE LIMITED	Director	18/09/2007	04/05/2007	-	Active	NO
26	U45200MH1968PLC014045	HINDUJA REALTY VENTURES LIMITED	Director	29/09/2007	23/05/2007	-	Active	NO
27	U34200TN2008PLC080987	ASHOK LEYLAND DEFENCE SYSTEMS LIMITED	Director	18/03/2008	18/03/2008	-	Active	NO
28	U66030MH2008PLC180206	ASHLEY AVIATION LIMITED	Director	18/03/2008	18/03/2008	-	Active	NO
29	U40105MH2008PLC189213	HINDUJA ENERGY (INDIA) LIMITED	Director	15/09/2011	13/05/2011	-	Active	NO
30	U40109AP1994PLC017199	HINDUJA NATIONAL POWER CORPORATION LTD	Alternate director	21/09/2013	09/09/2011	-	Active	NO
31	U74900MH2012PTC226203	CHEMRING AASIA SERVICES PRIVATE LIMITED	Director	19/01/2012	19/01/2012	-	Active	NO

Name :

Mr. Ramkrishan Prakash Hinduja

Designation :

Director

Address :

13 – B, Chemin De La Prevote, 1223, Colony, Geneva, Witzerland

Date of Birth/Age :

20.01.1971

Date of Appointment :

11.11.1997

DIN No. :

00278711

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	L51900MH1985PLC036896	HINDUJA VENTURES LIMITED	Director	12/04/1994	12/04/1994	-	Active	NO
2	U74999MH1993PLC072925	HINDUJA GROUP INDIA LIMITED	Director	11/11/1997	11/11/1997	-	Active	NO
3	U74999MH1995PLC088487	IN2CABLE (INDIA) LIMITED	Director	03/02/2000	03/02/2000	-	Amalgamated	NO
4	U67120MH1997PLC106676	GRANT INVESTRADE LIMITED	Director	05/05/2007	06/03/2000	26/05/2010	Active	NO
5	U45201MH2000PLC129434	PLANET E-SHOP HOLDINGS INDIA LIMITED	Director	03/11/2000	03/11/2000	26/05/2010	Active	NO
6	U22121MH2000PLC129433	IN ENTERTAINMENT (INDIA) LIMITED	Director	03/11/2000	03/11/2000	09/02/2010	Active	NO
7	U72200MH1995PTC088486	HINDUJA GROUP PRIVATE LIMITED	Director	17/04/2001	17/04/2001	04/05/2007	Active	NO
8	L24292AP1961PLC000876	GULF OIL CORPORATION LIMITED	Director	19/08/2002	19/08/2002	-	Active	NO
9	L92199MH1995PLC084610	HINDUJA GLOBAL SOLUTIONS LIMITED	Director	05/03/2007	05/03/2007	-	Active	NO
10	U40109AP1994PLC017199	HINDUJA NATIONAL POWER CORPORATION LIMITED	Director	18/12/2009	10/05/2009	-	Active	NO
11	U02002MH1998PLC117080	HINDUJA HEALTHCARE LIMITED	Director	30/09/2011	13/05/2011	-	Active	NO

Name :

Mr. Dheeraj Gopichand Hinduja

Designation :

Director

Address :

24, Carlton House Terrace, London, U.K., SW1Y4TE

Date of Birth/Age :

27.07.1971

Date of Appointment :

21.09.2006

DIN No. :

00133410

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	L34101TN1948PLC000105	ASHOK LEYLAND LIMITED	Director	20/10/2010	03/09/1996	-	Active	NO
2	L27104TN1959PLC003849	HINDUJA FOUNDRIES LIMITED	Director	05/09/1998	05/09/1998	-	Active	NO
3	L51900MH1985PLC036896	HINDUJA VENTURES LIMITED	Director	19/06/2001	19/06/2001	26/10/2012	Active	NO
4	U93090TN1989PLC033174	ASHOK LEYLAND PROJECT SERVICES LIMITED	Director	25/07/2002	25/07/2002	14/07/2010	Amalgamated	NO
5	U74999MH1993PLC072925	HINDUJA GROUP INDIA LIMITED	Director	21/09/2006	21/09/2006	-	Active	NO
6	U99999MH2006NPL159749	ASIA SOCIETY INDIA CENTRE	Director	25/09/2006	25/09/2006	15/02/2011	Active	NO
7	L92199MH1995PLC084610	HINDUJA GLOBAL SOLUTIONS LIMITED	Director	05/03/2007	05/03/2007	04/03/2013	Active	NO
8	U40109AP1994PLC017199	HINDUJA NATIONAL POWER CORPORATION LIMITED	Director	19/09/2008	17/03/2008	-	Active	NO
9	U72400TN2009PLC072067	DEFIANCE TECHNOLOGIES LIMITED	Director	06/09/2010	23/07/2009	-	Active	NO
10	U65993TN2008PLC069837	HINDUJA LEYLAND FINANCE LIMITED	Director	24/07/2012	30/08/2011	-	Active	NO

Name :

Mr. Sanjay Gopichand Hinduja

Designation :

Director

Address :

24, Carlton House Terrace, London, U.K., SW1Y4TE

Date of Birth/Age :

05.05.1964

Date of Appointment :

27.09.2005

DIN No. :

00291692

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	L24292AP1961PLC000876	GULF OIL CORPORATION LIMITED	Director	19/08/2002	19/08/2002	-	Active	NO
2	U74999MH1993PLC072925	HINDUJA GROUP INDIA LIMITED	Director	27/09/2005	27/09/2005	-	Active	NO

Name :

Mr. Vinoo Srichand Hinduja

Designation :

Director

Address :

24, Carlton House Terrace, London, U.K., SW1Y4TE

Date of Birth/Age :

14.04.1967

Date of Appointment :

27.09.2005

DIN No. :

00493148

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	L24292AP1961PLC000876	GULF OIL CORPORATION LIMITED	Director	21/07/2004	21/07/2004	-	Active	NO
2	L51900MH1985PLC036896	HINDUJA VENTURES LIMITED	Director	10/08/2013	30/10/2004	-	Active	NO
3	U74999MH1993PLC072925	HINDUJA GROUP INDIA LIMITED	Director	27/09/2005	27/09/2005	-	Active	NO
4	L92199MH1995PLC084610	HINDUJA GLOBAL SOLUTIONS LIMITED	Director	29/07/2009	25/10/2008	-	Active	NO
5	U02002MH1998PLC117080	HINDUJA HEALTHCARE LIMITED	Director	30/09/2011	13/05/2011	-	Active	NO

Name :

Mr. Ajay Prakash Hinduja

Designation :

Director

Address :

13 – B, Chemin De La Prevote, 1223, Colony Geneva, Switzerland

Date of Birth/Age :

12.12.1967

Date of Appointment :

25.09.2007

DIN No. :

00642192

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	U74999MH1993PLC072925	HINDUJA GROUP INDIA LIMITED	Director	25/09/2007	03/10/2006	-	Active	NO
2	L65191PN1994PLC076333	INDUSIND BANK LIMITED	Director	18/09/2007	31/10/2006	-	Active	NO

Name :

Seshasayee Ramaswami

Designation :

Director

Address :

Ashley House, 6, Boat Club Road, II Avenue, Chennai – 600028, Tamilnadu, India

Date of Birth/Age :

01.06.1948

Date of Appointment :

25.09.2006

DIN No. :

00047985

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	L34101TN1948PLC000105	ASHOK LEYLAND LIMITED	Director	01/04/2013	31/03/1993	-	Active	NO
2	U65993TN1997PLC037661	ASHLEY HOLDINGS LIMITED	Director	17/03/1997	17/03/1997	15/02/2010	Amalgamated	NO
3	U65993TN1997PLC037662	ASHLEY INVESTMENTS LIMITED	Director	17/03/1997	17/03/1997	15/02/2010	Amalgamated	NO
4	L27104TN1959PLC003849	HINDUJA FOUNDRIES LIMITED	Director	21/10/2010	30/03/1998	-	Active	NO
5	U35202TN1998PLC041466	IRIZAR TVS LIMITED	Director	05/02/2001	05/02/2001	25/02/2013	Active	NO
6	U63090TN2004PLC052661	ASHLEY TRANSPORT SERVICES LIMITED	Director	16/11/2004	16/11/2004	15/02/2010	Strike off	NO
7	U74999MH1993PLC072925	HINDUJA GROUP INDIA LIMITED	Director	25/09/2006	25/09/2006	-	Active	NO
8	U62200MH2007PLC167111	ASHLEY AIRWAYS LIMITED	Director	18/01/2007	18/01/2007	-	Under liquidation	NO
9	L65191PN1994PLC076333	INDUSIND BANK LIMITED	Director	18/09/2007	07/06/2007	-	Active	NO
10	U27310TN2006PLC065084	ASHLEY ALTEAMS INDIA LIMITED	Director	12/09/2008	25/10/2007	-	Active	NO
11	U29130TN2007PLC064471	AUTOMOTIVE INFOTRONICS LIMITED	Director	30/09/2008	16/11/2007	04/02/2011	Active	NO
12	U34102TN2008PLC067839	ASHOK LEYLAND NISSAN VEHICLES LIMITED	Director	24/07/2009	22/05/2008	03/09/2012	Active	NO
13	U34300TN2008PLC067840	NISSAN ASHOK LEYLAND TECHNOLOGIES LIMITED	Director	24/07/2009	22/05/2008	03/09/2012	Active	NO
14	U34102TN2008PLC067838	NISSAN ASHOK LEYLAND POWERTRAIN LIMITED	Director	24/07/2009	22/05/2008	03/09/2012	Active	NO
15	U65993TN2008PLC069837	HINDUJA LEYLAND FINANCE LIMITED	Director	18/07/2011	12/11/2008	-	Active	NO
16	U72400TN2009PLC072067	DEFIANCE TECHNOLOGIES LIMITED	Director	06/09/2010	24/06/2009	31/12/2010	Active	NO
17	U29253TN2009PTC072136	ASHOK LEYLAND JOHN DEERE CONSTRUCTION EQUIPMENT COMPANY PRIVATE LIMITED	Director	03/08/2010	11/07/2009	18/01/2011	Active	NO
18	U40109AP1994PLC017199	HINDUJA NATIONAL POWER CORPORATION LIMITED	Director	18/12/2009	11/12/2009	-	Active	NO
19	L85110KA1981PLC013115	INFOSYS LIMITED	Director	11/06/2011	13/01/2011	-	Active	NO
20	U34200TN2008PLC080987	ASHOK LEYLAND DEFENCE SYSTEMS LIMITED	Director	13/05/2011	07/02/2011	18/07/2012	Active	NO
21	U40105MH2008PLC189213	HINDUJA ENERGY (INDIA) LIMITED	Whole-time director	15/09/2011	13/05/2011	-	Active	NO

Name :

Mr. Prakash Shah

Designation :

Director

Address :

Apartment No. 11, Sorrento, 6^th Floor, Mount Pleasant Road, Mumbai – 400006, Maharashtra, India

Date of Birth/Age :

04.07.1939

Date of Appointment :

25.09.2007

DIN No. :

00120671

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	L67120MH1993PLC070709	KHANDWALA SECURITIES LIMITED	Director	24/03/2001	24/03/2001	27/04/2007	Active	NO
2	U74140MH2006PTC164785	TERRAFIRMA REALTY ADVISORS PRIVATE LIMITED	Director	21/09/2006	21/09/2006	02/10/2010	Active	NO
3	U74140MH2006PTC164786	THIRDWAVE REALTY ADVISORS PRIVATE LIMITED	Director	21/09/2006	21/09/2006	15/07/2011	Active	NO
4	U74999MH1993PLC072925	HINDUJA GROUP INDIA LIMITED	Director	25/09/2007	28/03/2007	-	Active	NO
5	U67190MH2002PTC136265	FALCON CORPORATE ADVISORS PRIVATE LIMITED	Director	02/04/2007	02/04/2007	15/07/2011	Active	NO
6	L51900MH1985PLC036896	HINDUJA VENTURES LIMITED	Director	24/09/2007	11/06/2007	-	Active	NO
7	L24292AP1961PLC000876	GULF OIL CORPORATION LIMITED	Director	31/07/2009	25/09/2008	-	Active	NO
8	U40109AP1994PLC017199	HINDUJA NATIONAL POWER CORPORATION LIMITED	Director	28/09/2010	12/03/2010	-	Active	NO
9	U92132MH1995PLC085835	INDUSIND MEDIA AND COMMUNICATION LIMITED	Director	26/07/2010	28/04/2010	-	Active	NO
10	U74900DL2011NPL219518	PATHFINDER INTERNATIONAL INDIA	Director	20/05/2011	20/05/2011	-	Active	NO
11	U92412MH2012PTC232891	MUMBAI TIGERS FOOTBALL CLUB PRIVATE LIMITED	Director	03/07/2012	03/07/2012	-	Active	NO
12	U73100MH2013NPL245009	CENTRE FOR BUSINESS AND STRATEGIC AFFAIRS	Director	29/06/2013	29/06/2013	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Y. M. Kale
Designation :	Group-President, Corporate- Governance and Develpment
Name :	Mr. Sudhanshu Tripathi
Designation :	Group President - HR

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2013

Names of Equity Shareholders	No. of Shares
Abin Kumar Das	8
A.K. Das	3
Jeet Chugani and A.P. Hinduja	1
V.G. Gurnani and A.P. Hinduja	1
Aasia Management and Consultancy Private Limited, India and Hinduja Realty Ventures Limited, India	1985
H.A. Hinduja	1
Shom A. Hinduja	1
Total	2000

Names of Preference Shareholders	No. of Shares
Aasia Management and Consultancy Private Limited, India	300000
Total	300000

BENEFICIARY POSITON AS ON 30.09.2013

DP ID	ACCOUNT NO.	NAME OF THE BENEFICIARIES	FATHER’S/ HUSBAND’S NAME	ADDRESS	HOLDING	TYPE OF SHARES
IN300159	10158971	Ashok P Hinduja	Parmananad Hinduja	Hindu House, 171, Dr. Annie Besant Road, Worli, Mumbai – 400018, Maharashtra, India	8	Equity
IN300159	10899279	Aasia Management and Consultancy Private Limited / Hinduja Realty Ventures Limited	--	Hindu House, 171, Dr. Annie Besant Road, Worli, Mumbai – 400018, Maharashtra, India	1985	Equity
IN300159	10244508	Harsha Ashok Hinduja	Ashok P. Hinduja	Hindu House, 171, Dr. Annie Besant Road, Worli, Mumbai – 400018, Maharashtra, India	1	Equity
IN300159	10247082	Shom Ashok Hinduja	Ashok P. Hinduja	Hindu House, 171, Dr. Annie Besant Road, Worli, Mumbai – 400018, Maharashtra, India	1	Equity
				TOTAL	1995

BENEFICIARY POSITON AS ON 30.09.2013

DP ID	ACCOUNT NO.	NAME OF THE BENEFICIARIES	FATHER’S/ HUSBAND’S NAME	ADDRESS	HOLDING	TYPE OF SHARES
IN300159	10333824	Aasia Management and Consultancy Private Limited, India	--	Hindu House, 171, Dr. Annie Besant Road, Worli, Mumbai – 400018, Maharashtra, India	300000	Preference

As on 30.09.2013

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Bodies corporate	99.25
Directors or relatives of Directors	0.65
Other top fifty shareholders	0.10
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject operates in the area of global investment, investment banking, and international trading.

GENERAL INFORMATION

No. of Employees :

Not Divulged

Bankers :

Not Divulged

Facilities :

SECURED LOANS	31.03.2013 (Rs. in Millions)	31.03.2012 (Rs. in Millions)
LONG TERM BORROWINGS
Secured Loan from Kotak Mahindra Limited (Secured by hypothecation of Motor Car repayable in 35 installments of Rs. 0.025 Million per installment including interest)	0.704	0.000
Less: Current maturities of Long term borrowings	0.241	0.000
Total	0.463	0.000

Banking Relations :	--
Auditors :
Name :	Shah and Company Chartered Accountants
Address :	Maker Bhavan No.2, 18, New Marine Lines, Mumbai – 400020, Maharashtra, India
Tel. No. :	91-22-66333558/ 59/ 60
Fax No. :	91-22-22037935/ 66333561
E-Mail :	info@shahco.in
Income-tax PAN of auditor or auditor's firm :	AABFS2985F
Other Related parties where there have been transactions:	· Aasia Management and Consultancy Private Limited · Aasia Corporation · Indusind Media and Communication Limited · Hinduja Ventures Limited · Hinduja Global Solutions Limited · Hinduja National Power Corporation Limited

CAPITAL STRUCTURE

As on 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Rs.100/- each	Rs. 1.000 Million
300000	Preference Shares	Rs.100/- each	Rs. 30.000 Millions
	Total		Rs. 31.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
2000	Equity Shares	Rs.100/- each	Rs.0.200 Million
300000	Preference Shares	Rs.100/- each	Rs. 30.000 Millions
	Total		Rs. 30.200 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	30.200	30.200	30.200
(b) Reserves & Surplus	(57.496)	(55.653)	(57.497)
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	(27.296)	(25.453)	(27.297)
(3) Non-Current Liabilities
(a) long-term borrowings	0.463	0.000	0.000
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	14.453	12.034	11.247
Total Non-current Liabilities (3)	14.916	12.034	11.247
(4) Current Liabilities
(a) Short term borrowings	73.756	70.000	64.541
(b) Trade payables	1.407	0.117	2.417
(c) Other current liabilities	9.980	5.679	14.955
(d) Short-term provisions	7.165	4.209	2.658
Total Current Liabilities (4)	92.308	80.005	84.571
TOTAL	79.928	66.586	68.521
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	3.921	3.449	3.319
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.000	0.525	0.605
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000	0.000
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	3.921	3.974	3.924
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	0.000	0.000	0.000
(c) Trade receivables	29.646	11.543	5.718
(d) Cash and cash equivalents	1.040	0.570	0.738
(e) Short-term loans and advances	37.737	43.597	51.047
(f) Other current assets	7.584	6.902	7.094
Total Current Assets	76.007	62.612	64.597
TOTAL	79.928	66.586	68.521

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	155.000	110.863	128.319
		Other Income	3.182	2.551	4.130
		TOTAL (A)	158.182	113.414	132.449
Less	EXPENSES
		Employee Benefit Expenses	81.075	69.518	70.302
		Other Expenses	67.092	37.294	59.488
		Exceptional Items	0.000	0.675	0.000
		Extraordinary Items	0.000	0.000	(0.882)
		TOTAL (B)	148.167	107.487	128.908
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		10.015	5.927	3.541
Less	FINANCIAL EXPENSES (D)		8.651	0.025	0.009
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		1.364	5.902	3.532
Less/ Add	DEPRECIATION/ AMORTISATION (F)		1.007	1.027	1.087
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)		0.357	4.875	2.445
Less	TAX (H)		2.200	3.031	0.000
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)		(1.843)	1.844	2.445
	EARNINGS IN FOREIGN CURRENCY
		Consultancy Income	11.000	10.000	21.511
		Reimbursement of Expenses	0.000	0.000	0.129
	TOTAL EARNINGS		11.000	10.000	21.640
	Earnings / (Loss) Per Share (Rs.)		(3027.68)	(1184.05)	(883.50)

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	(1.17)	1.63	1.85
Net Profit Margin (PBT/Sales)	(%)	0.23	4.40	1.91
Return on Total Assets (PBT/Total Assets}	(%)	0.45	7.38	3.60
Return on Investment (ROI) (PBT/Networth)		(0.01)	(0.19)	(0.09)
Debt Equity Ratio (Total Debt/Networth)		(2.72)	(2.75)	(2.36)
Current Ratio (Current Asset/Current Liability)		0.82	0.78	0.76

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	-----
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

INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY

UNSECURED LOANS

PARTICULAR	31.03.2013 (Rs. in Millions)	31.03.2012 (Rs. in Millions)
SHORT TERM BORROWINGS
Aasia Management and Consultancy Private Limited (Holding Company)	73.756	70.000
Total	73.756	70.000

CONTINGENT LIABILITIES (AS ON 31.03.2013):

Dividend on 12% cumulative redeemable non-convertible preference shares Rs. 54.079 Millions. (Previous Year Rs. 50.479 Millions).

FIXED ASSETS

· Air Conditioners

· Computers

· Electronic Multimedia Equipment

· Motor Cars

· Office Equipments

· Furniture and Fixtures

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.61.63
UK Pound	1	Rs.99.94
Euro	1	Rs.85.14

INFORMATION DETAILS

Information Gathered by :	PDT
Report Prepared by :	MRI

SCORE & RATING EXPLANATIONS

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