MIRA INFORM REPORT

Report Date :

17.12.2014

IDENTIFICATION DETAILS

Name :	SKYWAY RMC PLANTS PRIVATE LIMITED
Registered Office :	217, Kartik Complex, New Link Road, Andheri West, Mumbai – 400053, Maharashtra
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	03.04.2009
Com. Reg. No.:	11-191493
Capital Investment / Paid-up Capital :	Rs.110.000 Millions
CIN No.: [Company Identification No.]	U74990MH2009PTC191493
TIN No.:	Not Available
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	MUMS63218B
PAN No.: [Permanent Account No.]	AAMCS9233Q
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer and supplier of RMC (Ready Mix Concrete).
No. of Employees :	150 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (46)

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

Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track record. Financial position of the company seems to be decent. Trade relations are fair. Business is active. Payment terms are reported to be usually correct and as per commitment. The company can be considered normal for business dealings at usual trade terms and conditions.

NOTES:

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – September 30, 2014

Country Name	Previous Rating (30.06.2014)	Current Rating (30.09.2014)
India	A1	A1

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

EXTERNAL AGENCY RATING

Rating Agency Name	CARE
Rating	Long Term Bank Facilities = BBB-
Rating Explanation	Have moderate degree of safety and carry moderate credit risk
Date	13.11.2013

Rating Agency Name	CARE
Rating	Short Term Bank Facilities = A3
Rating Explanation	Have moderate degree of safety and carry higher credit risk
Date	13.11.2013

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2014.

INFORMATION PARTED BY

Name :	Mr. Rupesh Sandhati
Designation :	Accounts and Finance Manager
Contact No.:	91-22-61232500
Date :	16.12.2014

LOCATIONS

Registered Office :	217, Karthik Complex, New Link Road, Andheri West, Mumbai – 400053, Maharashtra, India
Tel. No.:	91-22-42480000
Fax No.:	91-22-22868326
E-Mail :	skyway_rmo@skywaygroup.co.in raj@skywaygroup.com kelvin@skywaygroup.co.in rishi@skywaygroup.co.in skyway_rmc@skywaygroup.co.in
Website :	www.skywaygroup.co.in
Area :	600 Sq. Ft.
Location :	Owned
Administrative Office :	B 118, Durian Estate, Goregaon – Mulund Link Road, Near Western Express Highway, Mumbai – 400064, Maharashtra, India
Tel. No.:	91-22-61232500
Corporate Office :	601, 6th Floor, A-Wing,  Times Square, Andheri-Kurla Road, Opposite Mittal Industrial Estate, Andheri (East), Mumbai – 400059, Maharashtra, India
Location :	Rented
Factory :	Opposite Seepz Gate No.3, Near Reliance Energy, Jogesh - 400060, Maharashtra, India

DIRECTORS

As on 30.09.2013

Name :

Mr. Rashmeet Singh Kohli

Designation :

Director

Address :

A-101, Aster Tower, Vasant Valley II, Film City Road, Malad (East), Mumbai – 400097, Maharashtra, India

Date of Birth/Age :

18.10.1982

Date of Appointment :

03.04.2009

PAN No.:

ALGPK5862K

DIN No.:

02457874

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	U74990MH2009PTC191493	SKYWAY RMC PLANTS PRIVATE LIMITED	Director	03/04/2009	03/04/2009	-	Active	NO
2	U45202MH2010PLC201323	SKYWAY BUILDTECH LIMITED	Director	26/03/2010	26/03/2010	-	Active	NO
3	U34103MH2010PTC204389	SKYWAY MOTORS PRIVATE LIMITED	Director	17/06/2010	17/06/2010	01/12/2010	Active	NO
4	U45400MH2010PTC206222	SAHEJ CONSTRUCTIONS PRIVATE LIMITED	Director	03/08/2010	03/08/2010	-	Active	NO
5	U74900MH2011PTC212451	SAHEJ  ENTERTAINMENT  PRIVATE LIMITED	Director	18/01/2011	18/01/2011	-	Active	NO
6	U45209MH2011PTC213494	Strongbuilt Constructions Private Limited	Director	14/02/2011	14/02/2011	-	Active	NO
7	U45202MH2011PTC214085	FIST INFRA PRIVATE LIMITED	Director	26/02/2011	26/02/2011	-	Active	NO

Name :

Mr. Kelvin Singh Kohli

Designation :

Director

Address :

161, Amberkar Road, Gokul Park (Wasai), Thane MS, Thane – 401202, Maharashtra, India

Date of Birth/Age :

25.05.1980

Date of Appointment :

03.04.2009

PAN No.:

AFDPK2497M

DIN No.:

02464472

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	U74990MH2009PTC191493	SKYWAY RMC PLANTS PRIVATE LIMITED	Director	03/04/2009	03/04/2009	-	Active	NO
2	U45202MH2010PLC201323	SKYWAY BUILDTECH LIMITED	Director	26/03/2010	26/03/2010	-	Active	NO
3	U34103MH2010PTC204389	SKYWAY MOTORS PRIVATE LIMITED	Director	17/06/2010	17/06/2010	01/12/2010	Active	NO
4	U45400MH2010PTC206222	SAHEJ CONSTRUCTIONS PRIVATE LIMITED	Director	03/08/2010	03/08/2010	-	Active	NO
5	U74900MH2011PTC212451	SAHEJ  ENTERTAINMENT  PRIVATE LIMITED	Director	18/01/2011	18/01/2011	-	Active	NO
6	U45209MH2011PTC213494	STRONGBUILT CONSTRUCTIONS PRIVATE LIMITED	Director	14/02/2011	14/02/2011	-	Active	NO
7	U45202MH2011PTC214085	FIST INFRA PRIVATE LIMITED	Director	26/02/2011	26/02/2011	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Rupesh Sandhati
Designation :	Accounts and Finance Manager

MAJOR SHAREHOLDERS

As on 30.09.2013

Names of Shareholders	No. of Shares	% of Holding
Balvinder Singh Harbans Singh Kohli	5940800	54.01
Ranbir Singh Prith Pal Singh Suri	2725000	24.77
Kelvin Singh Kohli	1092700	9.93
Rashmeet Singh Kohli	1241500	11.29
Total	11000000	100.00

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2013

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer and supplier of RMC (Ready Mix Concrete).
Products :	RMC (Ready Mix Concrete).
Brand Names :	--
Agencies Held :	--
Exports :	Not Divulged
Imports :	Not Divulged
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

PRODUCTION STATUS – NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :	Kumar Enterprises
Name of the Person :	Mr. Kumar (Proprietor)
Contact No.:	91-9820133503
Since How Long Known :	12 Years
Experience :	Payment Behaviour – Excellent Market Goodwill - Excellent Overall – Excellent
Maximum Limit Dealt :	Rs.200.000 Millions
Remark :	They have very good name in market, they are very well known and reputed company.

Customers :

Reference :	Nirmal Lifestyle Limited
Name of the Person :	Mr. Amol Bhosale
Contact No.:	91-22-95937158 91-9987700875 (Mr. Amol Bhosale)
Since How Long Known :	Not Divulged
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

No. of Employees :

150 (Approximately)

Bankers :

Banker Name	HDFC Bank Limited
Branch Address	Vijay Nagar, Andheri (East), Mumbai, Maharashtra, India
Person Name (With Designation)	Madam Jyoti
Contact Number	91-7303067923
Name of Account Holder	Not Divulged
Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	Madam Jyoti said they don’t give any information on phone. Send mail on jyoti.naindarkar@hdfcbank.com

ICICI Bank Limited

Facilities :

Fund and Non Fund= Rs.325.400 Millions (From HDFC Bank Limited)

Fund and Non Fund= Rs.325.400 Millions (From ICICI Bank Limited)

Banking Relations :	--
Financial Institution :	ECL Finance Limited, Adelweiss House, Off C.S.T. Road, Kalina, Mumbai – 400098, Maharashtra, India
Auditors :
Name :	Mr. Manoj K Shah and Associates Chartered Accountant
Address :	805, Heritage Building, Kandarpada, Dahisar West, Mumbai – 400068, Maharashtra, India
PAN No.:	AAAPN4055A
Memberships :	--
Collaborators :	--
Sister Concern :	Not Divulged

CAPITAL STRUCTURE

After 31.03.2014

Authorised Capital : Rs.200.000 Millions

Issued, Subscribed & Paid-up Capital : Rs.120.000 Millions

As on 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
20000000	Equity Shares	Rs.10/- each	Rs.200.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
11000000	Equity Shares	Rs.10/- each	Rs.110.000 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014	31.03.2013	31.03.2012
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	110.000	100.000	100.000
(b) Reserves & Surplus	450.676	204.102	152.058
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	200.000	150.000
Total Shareholders’ Funds (1) + (2)	560.676	504.102	402.058
(3) Non-Current Liabilities
(a) long-term borrowings	258.936	281.700	114.539
(b) Deferred tax liabilities (Net)	39.180	28.894	16.992
(c) Other long term liabilities	218.731	190.890	329.941
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	516.847	501.484	461.472
(4) Current Liabilities
(a) Short term borrowings	765.682	524.468	367.491
(b) Trade payables	225.935	281.906	0.000
(c) Other current liabilities	0.000	0.000	100.690
(d) Short-term provisions	50.789	38.616	60.185
Total Current Liabilities (4)	1,042.406	844.990	528.366
TOTAL	2,119.929	1,850.576	1,391.896
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	634.354	654.776	497.517
(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	54.634	52.441	52.441
(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	0.043	0.087
Total Non-Current Assets	688.988	707.260	550.045
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	178.545	121.192	88.965
(c) Trade receivables	1,161.139	897.236	0.000
(d) Cash and cash equivalents	19.893	34.466	28.388
(e) Short-term loans and advances	27.859	32.594	85.091
(f) Other current assets	43.505	57.828	639.407
Total Current Assets	1,430.941	1,143.316	841.851
TOTAL	2,119.929	1,850.576	1,391.896

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	3,119.593	2,617.306	2,096.870
		Other Income	3.093	2.324	1.977
		TOTAL (A)	3,122.686	2,619.630	2,098.847
Less	EXPENSES
		Cost of Materials Consumed	2,697.477	2,207.577
		Purchase of Stock-in-trade	80.205	72.772
		Other Expenses	96.549	108.745
		TOTAL (B)	2,874.231	2,389.094	1,938.403
	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		248.455	230.536	160.444
Less	FINANCIAL EXPENSES (D)		135.016	103.528	69.642
	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		113.439	127.008	90.802
Less	DEPRECIATION/ AMORTISATION (F)		29.296	44.102	43.833
	PROFIT/(LOSS) BEFORE TAX (E-F) (G)		84.143	82.906	46.969
Less	TAX (H)		27.569	30.862	17.061
	PROFIT/(LOSS) AFTER TAX (G-H) (I)		56.574	52.044	29.908
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		112.345	60.301	30.393
	BALANCE CARRIED TO THE B/S		168.919	112.345	60.301
	Earnings / (Loss) Per Share (Rs.)		5.14	3.52	NA

Expected Sales (2014-2015): Rs.5000.000 Millions

The above information has been parted by Mr. Rupesh Sandhati

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT/Sales)	(%)	1.81	1.99	1.43
Operating Profit Margin (PBIDT/Sales)	(%)	7.96	8.81	7.65
Return on Total Assets (PBT/Total Assets}	(%)	4.07	4.61	3.51
Return on Investment (ROI) (PBT/Networth)		0.15	0.16	0.12
Debt Equity Ratio (Total Debt /Networth)		1.83	1.60	1.20
Current Ratio (Current Asset/Current Liability)		1.37	1.35	1.59

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	Rs. In Millions	Rs. In Millions	Rs. In Millions
Share Capital	100.000	100.000	110.000
Reserves & Surplus	152.058	204.102	450.676
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	150.000	200.000	0.000
Net worth	402.058	504.102	560.676
Long Term borrowings	114.539	281.700	258.936
Short Term borrowings	367.491	524.468	765.682
Total borrowings	482.030	806.168	1024.618
Debt/Equity ratio	1.199	1.599	1.827

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	Rs. In Millions	Rs. In Millions	Rs. In Millions
Sales	2,096.870	2,617.306	3,119.593
		24.820	19.191

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	Rs. In Millions	Rs. In Millions	Rs. In Millions
Sales	2,096.870	2,617.306	3,119.593
Profit	29.908	52.044	56.574
	1.43%	1.99%	1.81%

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	Yes
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	Yes
15]	Capital in the business	Yes
16]	Details of sister concerns	No
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	----------
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	Yes

INDEX OF CHARGE:

Sr. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10526371	14/10/2014	13,875,000.00	HDFC Bank Limited	HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India	C30022479
2	10525198	26/06/2014	6,900,000.00	ICICI Bank Limited	Landmarkrace Cource Circle, Alkapuri, Baroda, Gujarat - 390015, India	C28937225
3	10503772	05/06/2014	6,900,000.00	HDFC Bank Limited	HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India	C07057847
4	10483362	12/03/2014	75,000,000.00	ICICI Bank Limited	Landmarkrace Cource Circle, Alkapuri, Baroda, Gujarat - 390015, India	B98809031
5	10486597	27/02/2014	7,000,000.00	RELIANCE CAPITAL LTD	"H" Block 1st Floor, Dhirubhai Ambani Knowledge City, Koparkhairne, Navi Mumbai, Maharashtra - 400710, India	C01057413
6	10479358	12/03/2014 *	325,000,000.00	ICICI Bank Limited	Landmarkrace Cource Circle, Alkapuri, Baroda, Gujarat - 390015, India	B98761521
7	10486788	12/02/2014	44,800,000.00	HDFC Bank Limited	HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India	C01125285
8	10484106	31/01/2014	6,300,000.00	HDB Financial Services Limited	Radhika, 2nd Floor, Law Garden Road,,Navrangpura,, Ahmedabad, Gujarat - 380009, India	C00158790
9	10459422	30/09/2013	8,000,000.00	Reliance Capital Ltd	"H" Block 1st Floor, Dhirubhai Ambani Knowledge City, Koparkhairne, Navi Mumbai, Maharashtra -40070, India	B89207690
10	10455947	27/09/2013	200,000,000.00	Union Bank Of India	Mid-Corporate Branch, Borivali (East) Branch, 7^th Carter Road Behind Sanjog Hotel, Borivali (East), Mumbai, Maharashtra - 400066, India	B87912747
11	10488562	25/09/2013	200,000,000.00	Union Bank Of India	Mid-Corporate Branch, Borivali (East) Branch, 7^th Carter Road Behind Sanjog Hotel, Borivali (East), Mumbai, Maharashtra - 400066, India	C02541175
12	10444418	29/06/2013	15,640,000.00	HDB Financial Services Limited	Radhika, 2nd Floor, Law Garden Road,,Navrangpura,, Ahmedabad, Gujarat - 380009, India	B82784489
13	10435344	30/05/2013	8,752,000.00	Reliance Capital Ltd	"H" Block 1st Floor, Dhirubhai Ambani Knowledge City, Koparkhairne, Navi Mumbai, Maharashtra -40070, India	B78969946
14	10431486	30/04/2013	9,750,000.00	ING VYSYA BANK LIMITED	22, M G Road,Bangalore, Bangalore, Karnataka - 560001, India	B77259588
15	10418583	20/02/2014 *	404,356,000.00	HDFC Bank Limited	HDFC Bank Housesenapati Bapat Marg, Lower Parel W Mumbai, Maharashtra - 400013, India	C23207475
16	10401729	15/01/2013	105,000,000.00	SREI Equipment  Finance  Private Limited	'Vishwakarma', 86 C, Topsia Road, Kolkata, West Bengal - 700046, India	B67548933
17	10400131	08/01/2013	3,094,000.00	ING Vysya Bank Limited	22, M G Road, Bangalore, Bangalore, Karnataka - 560001, India	B66952094
18	10402214	29/12/2012	11,048,000.00	Reliance Capital Ltd	"H" Block 1st Floor, Dhirubhai Ambani Knowledge City, Koparkhairne, Navi Mumbai, Maharashtra -40070, India	B67790931
19	10358452	18/05/2012	3,003,000.00	Axis Bank Limited	Trishul 3rd Floor Opp Samartheshwar Temple, Law Garden Ellisbridge, Ahmedabad, Gujarat - 380006, India	B40737470
20	10358453	18/05/2012	7,942,278.00	Axis Bank Limited	Trishul 3rd Floor Opp Samartheshwar Temple, Law Garden Ellisbridge, Ahmedabad, Gujarat - 380006, India	B40738270
21	10349651	18/04/2012	5,200,000.00	Bajaj Finance Limited	Akurdi Pune-, Pune, Maharashtra - 411035, India	B37571932
22	10337508	27/01/2012	15,470,000.00	L & T Finance  Limited	L&T House,, Ballard Estate, Mumbai, Maharashtra  - 400001, India	B32929267
23	10329452	05/01/2012	1,721,250.00	SREI Equipment  Finance  Private Limited	'Vishwakarma', 86 C, Topsia Road, Kolkata, West Bengal - 700046, India	B29784659
24	10329443	05/01/2012	3,974,838.00	SREI Equipment  Finance  Private Limited	'Vishwakarma', 86 C, Topsia Road, Kolkata, West Bengal - 700046, India	B29782547
25	10337263	02/01/2012	6,750,360.00	SREI Equipment  Finance  Private Limited	'Vishwakarma', 86 C, Topsia Road, Kolkata, West Bengal - 700046, India	B32833873
26	10337268	02/01/2012	6,750,360.00	SREI Equipment  Finance  Private Limited	'Vishwakarma', 86 C, Topsia Road, Kolkata, West Bengal - 700046, India	B32834814
27	10333535	20/12/2011	2,177,272.00	Sundaram Finance Limited	21 Patullos Road, Chennai, Tamil Nadu - 600002, India	B31230451
28	10316907	15/11/2011	21,200,000.00	SREI Equipment Finance Private Limited	'Vishwakarma', 86c, Topsia Road,, Kolkata, West Bengal - 700046, India	B25033606
29	10300799	28/07/2011	2,638,025.00	Bajaj Finance Limited	Akurdi Pune-, Pune, Maharashtra - 411035, India	B18272526
30	10297914	23/06/2011	641,000.00	Tata Capital Limited	One Forbes, Dr V B Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India	B17101346
31	10297584	23/06/2011	910,500.00	Tata Capital Limited	One Forbes, Dr V B Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India	B16988198
32	10297518	23/06/2011	2,448,500.00	Tata Capital Limited	One Forbes, Dr V B Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India	B16959116
33	10297904	23/06/2011	2,605,000.00	Tata Capital Limited	One Forbes, Dr V B Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India	B17099888
34	10297598	23/06/2011	3,492,000.00	Tata Capital Limited	One Forbes, Dr V B Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India	B16995326
35	10297528	23/06/2011	5,695,000.00	Tata Capital Limited	One Forbes, Dr V B Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India	B16963597
36	10297919	23/06/2011	8,885,000.00	Tata Capital Limited	One Forbes, Dr V B Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India	B17102393
37	10296823	20/02/2014 *	329,356,000.00	HDFC Bank Limited	HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India	B97917066
38	10287363	06/05/2011	6,000,000.00	HDFC Bank Limited	HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India	B13076369
39	10284924	31/03/2011	1,012,440.00	Sundaram  Finance  Limited	21 Patullos Road, Chennai, Tamil Nadu - 600002, India	B11895406
40	10283588	30/03/2011	2,106,180.00	Sundaram  Finance  Limited	21 Patullos Road, Chennai, Tamil Nadu - 600002, India	B11516192
41	10273290	28/02/2011	1,362,000.00	Dhanlaxmi Bank Limited	Dhanalakshmi Bank Buildingnaickanal, Naickanal, Trichur, Kerala - 680001, India	B07566573
42	10268600	31/01/2011	5,568,790.00	SREI Equipment  Finance  Private Limited	'Vishwakarma', 86 C, Topsia Road, Kolkata, West Bengal - 700046, India	B05840459
43	10259955	15/11/2010	1,350,000.00	SREI Equipment  Finance  Private Limited	'Vishwakarma', 86 C, Topsia Road, Kolkata, West Bengal - 700046, India	B02504199
44	10249730	15/09/2010	1,800,000.00	SREI Equipment  Finance  Private Limited	'Vishwakarma', 86 C, Topsia Road, Kolkata, West Bengal - 700046, India	A97494470
45	10249733	15/09/2010	3,797,077.00	SREI Equipment  Finance  Private Limited	'Vishwakarma', 86 C, Topsia Road, Kolkata, West Bengal - 700046, India	A97495139
46	10238056	31/07/2010	320,500.00	Tata Capital Limited	One Forbes, Dr V B Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India	A93586691
47	10238061	30/07/2010	6,700,000.00	Tata Capital Limited	One Forbes, Dr V B Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India	A93594950
48	10238057	17/07/2010	595,000.00	Tata Capital Limited	One Forbes, Dr V B Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India	A93588150
49	10294679	28/06/2010	2,185,000.00	Tata Capital Limited	One Forbes, Dr V B Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India	A93585263
50	10221079	22/03/2010	1,084,232.00	SREI Equipment  Finance  Private Limited	'Vishwakarma', 86 C, Topsia Road, Kolkata, West Bengal - 700046, India	A85392983
51	10221096	22/03/2010	1,084,232.00	SREI Equipment  Finance  Private Limited	'Vishwakarma', 86 C, Topsia Road, Kolkata, West Bengal - 700046, India	A85411635
52	10206762	22/02/2010	3,420,000.00	SREI Equipment  Finance  Private Limited	'Vishwakarma', 86 C, Topsia Road, Kolkata, West Bengal - 700046, India	A81066821
53	10181510	25/08/2009	6,137,000.00	HDFC Bank Limited	HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India	A71323687
54	10163770	12/06/2009	38,446,000.00	HDFC Bank Limited	HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India	A64473580
51	10221096	22/03/2010	1,084,232.00	SREI Equipment  Finance  Private Limited	'Vishwakarma', 86 C, Topsia Road, Kolkata, West Bengal - 700046, India	A85411635

*Date of modification Charges

FIXED ASSETS:

· Land

· Building

· Plant and Machinery

· Computer

· Vehicles

· Furniture and Fixture

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.62.65
UK Pound	1	Rs.98.53
Euro	1	Rs.78.02

INFORMATION DETAILS

Information Gathered by :	SVA
Analysis Done by :	RAS
Report Prepared by :	VNT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILITY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	5
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		46

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.