MIRA INFORM REPORT

Report Date :

31.12.2014

IDENTIFICATION DETAILS

Name :	AMBUJA REALTY DEVELOPMENT LIMITED

Registered Office :	Ecospace Business Park, Block - 4B, 6th Floor, Premises No. IIF/11, Action Area - II, New Town, Kolkata – 700156, West Bengal

Country :	India

Financials (as on) :	31.03.2014

Date of Incorporation :	10.10.2005

Com. Reg. No.:	21-105860

Capital Investment / Paid-up Capital :	Rs.750.000 Millions

CIN No.: [Company Identification No.]	U45201WB2005PLC105860

TAN No.: [Tax Deduction & Collection Account No.]	Not Available

PAN No.: [Permanent Account No.]	Not Available

Legal Form :	A Closely Held Public Limited Liability Company

Line of Business :	Construction activity.

No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

B (29)

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

Maximum Credit Limit :	USD 3100000

Status :	Moderate

Payment Behaviour :	Slow but correct

Litigation :	Clear

Comments :	Subject is an established company having moderate track record. The rating is constrained on account of heavy loss incurred by the company during FY 2014, However, trade relations are reported as fair. Business is active. Payments 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 – September 30, 2014

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

India

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	ICRA
Rating	Term loan : BB+ (Suspended)
Rating Explanation	Moderate risk of default.
Date	May 2013

Reason for suspended: Inability to carry out rating in the absence of requisite information from the company.

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 DECLINED BY

Name :	Mr. Jha
Designation :	Finance Head
Contact No.:	91-33-40406060
Date :	30.12.2014

LOCATIONS

Registered Office :	Ecospace Business Park, Block - 4B, 6th Floor, Premises No. IIF/11, Action Area - II, New Town, Kolkata – 700156, West Bengal, India
Tel. No.:	91-33-40406060
Fax No.:	Not Available
E-Mail :	secretarial@ambujaneotia.com

DIRECTORS

As on 26.09.2014

Name :

Mr. Santosh Kumar Somani

Designation :

Director

Address :

Oxford View, Flat No. C 506, 32/36, Diamond Harbour Road, Kolkata – 700008, West Bengal ,India

Date of Birth/Age :

22.05.1949

Date of Appointment :

26.12.2013

DIN No.:

00036617

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	U70101WB1986PTC041064	SGBC OWNERS ASSOCIATION PVT LTD	Director	15-10-90	15-10-90	-	Active	NO
2	U23209WB1993PTC059003	SAKET PETROLUB PVT. LTD.	Director	18-09-99	18-09-99	-	Amalgamated	NO
3	U51226WB1976PTC030388	RADHAKRISHNA BIMALKUMAR PRIVATE LIMITED	Director	17-04-00	17-04-00	-	Active	NO
4	U72200WB1996PTC079452	MACMET INTERACTIVE TECHNOLOGIES PVT.LTD.	Additional director	17-11-08	17-11-08	-	Amalgamated	NO
5	U51109WB1992PTC057002	COAL HANDLERS PVT LTD	Additional director	18-11-08	18-11-08	-	Amalgamated	NO
6	U74999WB2004PTC098326	KARNI MINERALS PRIVATE LIMITED	Additional director	18-11-08	18-11-08	-	Amalgamated	NO
7	U65993WB1980PLC032463	GOVIND COMMERCIAL CO LTD	Director	18-09-10	08-12-09	-	Active	NO
8	U51109WB1982PLC034623	LIKHAMI COMMERCIAL CO. LTD	Director	29-07-11	30-05-11	-	Active	NO
9	U85110WB2007PLC113081	Neotia Healthcare Initiative Limited	Director	24-09-14	26-12-13	-	Active	NO
10	U45201WB2005PLC105860	AMBUJA REALTY DEVELOPMENT LIMITED	Director	26-09-14	26-12-13	-	Active	NO
11	U65993WB1990PTC049245	AMBUJA NEOTIA HOLDINGS PRIVATE LIMITED	Whole-time director	01-07-14	01-07-14	-	Active	NO

Name :

Mr. Chandra Prakash Kakarania

Designation :

Director

Address :

R 602, 6^th Floor, City Centre Residency, DC-1, Sector 1, Salt Lake, Kolkata – 700064, West Bengal, India

Date of Birth/Age :

09.08.1956

Date of Appointment :

28.09.2013

DIN No.:

00203663

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	U51109WB2006PTC110964	PANACHWATI GREENFIELD REALTY DEVELOPMENT PRIVATE LIMITED	Director	25-06-07	18-08-06	07-12-09	Active	NO
2	U92120WB2007PLC119024	AMBUJA MOTION PICTURE COMPANY LIMITED	Director	25-06-08	27-09-07	-	Active	NO
3	U70100WB2007PLC120053	QUALITY MAINTENANCE VENTURE LIMITED	Director	25-06-08	26-10-07	22-06-12	Active	NO
4	U55101WB2007PLC120900	CLASSICAL HOSPITALITY VENTURE COMPANY LIMITED	Director	19-05-08	10-12-07	-	Active	NO
5	U55101WB2007PLC120899	CLASSICAL PARADISE HOTELS AND RESORT LIMITED	Director	19-05-08	10-12-07	-	Active	NO
6	U85110WB1994PLC063007	GANAPATI PARKS LTD	Director	15-09-10	25-05-10	-	Active	NO
7	U70109WB2008PTC128345	BLOOMING SKIES REAL ESTATE PRIVATE LIMITED	Director	16-09-11	20-05-11	-	Active	NO
8	U14101WB1992PLC195097	UTKARSH SFATIK LIMITED	Director	29-12-12	22-11-12	-	Active	NO
9	U45201WB1999PLC090060	BENGAL AMBUJA METRO DEVELOPMENT LIMITED	Director	04-07-13	08-03-13	-	Active	NO
10	U45200WB2007PTC112423	GANESH REALTY AND MALL DEVELOPMENT Private LIMITED	Director	28-09-13	17-06-13	-	Active	NO
11	U45201WB2005PLC105860	AMBUJA REALTY DEVELOPMENT LIMITED	Director	28-09-13	25-06-13	-	Active	NO
12	U45200WB2006PLC111970	BHAGIRATHI GREENFIELD REAL ESTATE LIMITED	Additional director	20-11-14	20-11-14	-	Active	NO

Name :

Mr. Bijay Khaitan

Designation :

Whole-time director

Address :

Flat No. 404, 6A, N S C Bose Road, Jadavpur, Kolkata – 700040, West Bengal, India

Date of Birth/Age :

03.01.1958

Date of Appointment :

01.01.2014

DIN No.:

00501991

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	U70109WB2000PTC092353	B K ENCLAVE PRIVATE LIMITED	Director	28-08-00	28-08-00	-	Active	NO
2	U70109WB2002PTC094117	ROTCHAK PROPERTIES PRIVATE LIMITED	Director	15-01-02	15-01-02	21-05-12	Active	NO
3	U45201WB2004PTC099976	GOODMAN CONSTRUCTION PRIVATE LIMITED	Director	20-04-06	20-04-06	-	Active	NO
4	U70101WB1994PTC062287	HANSIDA DEVELOPERS PVT LTD	Director	24-03-09	24-03-09	14-08-09	Active	NO
5	U51109WB2006PLC110773	UDAYAN GREENFIELD DEVELOPERS LIMITED	Director	30-09-11	20-05-11	27-12-13	Active	NO
6	U51109WB2006PTC110964	PANACHWATI GREENFIELD REALTY DEVELOPMENT PRIVATE LIMITED	Director	28-09-13	15-06-13	-	Active	NO
7	U51226WB1976PTC030388	RADHAKRISHNA BIMALKUMAR PRIVATE LIMITED	Director	17-07-13	17-06-13	-	Active	NO
8	U45201WB2005PLC105860	AMBUJA REALTY DEVELOPMENT LIMITED	Whole-time director	01-01-14	26-12-13	-	Active	NO

Name :

Mr. Vikash Jaju

Designation :

Director

Address :

Ujaas the Condowille, Block 5, 2^nd Floor, Flat No. 050202, 69, S K Deb Road, Kolkata – 700048, West Bengal, India

Date of Birth/Age :

02.09.1980

Date of Appointment :

30.09.2011

DIN No.:

01594698

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	U55209WB1992PTC056287	SKYLARK ROPELINES & AMUSEMENT PVT. LTD.	Director	15-09-08	07-08-07	-	Active	NO
2	U92120WB2007PLC119017	PARADISE FILM PRODUCTION COMPANY LIMITED	Director	23-09-08	26-09-07	-	Active	NO
3	U55101WB2007PLC120900	CLASSICAL HOSPITALITY VENTURE COMPANY LIMITED	Director	19-05-08	10-12-07	-	Active	NO
4	U55101WB2008PTC128384	HARSHADA HOTELS COMPANY PRIVATE LIMITED	Director	21-09-09	11-08-08	-	Active	NO
5	U92120WB2007PLC119024	AMBUJA MOTION PICTURE COMPANY LIMITED	Director	15-09-09	08-05-09	-	Active	NO
6	U85110WB2007PLC113081	Neotia Healthcare Initiative Limited	Director	30-09-09	15-05-09	-	Active	NO
7	U70101WB2005PLC101398	AMBUJA HOUSING AND URBAN INFRASTRUCTURE COMPANY LIMITED	Additional director	22-09-14	01-04-10	-	Active	NO
8	U45200WB2007PTC113483	NAVIN BUILDCON PRIVATE LIMITED	Director	23-09-10	29-06-10	-	Active	NO
9	U45205WB1998PTC087223	S R GARDENS PRIVATE LIMITED	Director	08-09-10	08-09-10	-	Active	NO
10	U70109WB2008PTC128346	EKANTIKA HOSPITALITY PRIVATE LIMITED	Director	30-09-11	30-12-10	-	Active	NO
11	U45201WB2005PLC105860	AMBUJA REALTY DEVELOPMENT LIMITED	Director	30-09-11	20-05-11	-	Active	NO
12	U85110WB1990NPL048534	GANPATI MEDICAL INSTITUTE	Director	29-09-12	12-10-11	-	Active	NO
13	U09219WB2005PTC195323	MILLENNIA INFRASTRUCTURE PRIVATE LIMITED	Director	20-10-11	20-10-11	15-01-14	Active	NO
14	U70109WB2011PLC171075	S.E. BUILDERS & REALTORS LIMITED	Director	22-12-11	22-12-11	30-05-12	Active	NO
15	U74999WB2012PLC175130	GENEOSIS COMPANY LIMITED	Director	05-03-12	05-03-12	-	Active	NO
16	U74210WB2005PTC104221	STUDIO FOR ARCHITECTURE LANDSCAPE INTERIOR AND ENTERPRISE PRIVATE LIMITED	Director	30-09-13	16-04-13	-	Active	NO
17	U45203WB2006PLC111777	GAJALAKSHMI IT PARK DEVELOPERS LIMITED	Director	28-09-13	15-06-13	-	Active	NO
18	U65993WB1980PLC032463	GOVIND COMMERCIAL CO LTD	Director appointed in casual vacancy	17-06-13	17-06-13	-	Active	NO
19	U92490WB2008PLC121507	AMBUJA REALTY EVENTS MANAGEMENT LIMITED	Director	29-09-14	26-12-13	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Jayshree Kaur
Designation :	Secretary
Address :	30/3, Baroad, Sarani, Balajit Apartment, 2^nd Floor, Flat No. 7, Kolkata -700082, West Bengal, India
Date of Birth/Age :	16.01.1989
Date of Appointment :	30.06.2014
PAN No.:	CSFPK0358E

Name :	Mr. Jha
Designation :	Finance Head

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 26.09.2014

Names of Shareholders		No. of Shares
Neotia Harshavardhan		7799400
Pradip Kumar Agarwal		100
Amit Khemka		100
Naresh Kumar Jain		100
Santosh Kumar Somani		100
Bimla Devi Poddar		500000
Likhami Commercial Company Limited, India		1750000
Ambuja Neotia Holdings Private Limited, India (Formerly Known AS RKBK Fiscal Services Private Limited)		58450200
Neotia Madhu		2000000
Late Kumar Vinod		2500000
Neotia Kumar Suresh		500000
Pradip Kumar Agarwal		39000000
Total		112500000

Equity Share Break up (Percentage of Total Equity)

As on 26.09.2014

Category	Percentage
Bodies corporate	88.18
Other top fifty shareholders	11.82
Total	100.00

BUSINESS DETAILS

Line of Business :

Construction activity.

Products :

Item Code No.	Product Description
99531229	Commercial Buildings
99721129	Rental or leasing services involving

Brand Names :

Not Divulged

Agencies Held :

Not Divulged

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Not Divulged

PRODUCTION STATUS NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Payment Behaviour	Market Goodwill	Overall
--	--	--

Remark:

Not Divulged

Customers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Product Quality	Delivery Behaviour	Overall
--	--	--

Remark:

Not Divulged

No. of Employees :

Information declined by the management

Bankers :

ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri, Baroda - 390015, Gujarat, India
State Bank of India, Commercial Branch, 24, Park Street, Kolkata - 700016, West Bengal, India

Facilities :

Secured Loan	31.03.2014 (Rs. in Millions)	31.03.2013 (Rs. in Millions)
Long-term Borrowings
Rupee term loans from banks	847.412	980.642
Term loans from others	900.445	780.000
Short-term borrowings
Term loans from banks	21.980	158.155
Rupee term loans from banks	0.000	140.000
Working capital loans from banks	186.731	148.764
Total	1956.568	2207.561


Banking Relations :

Financial Institute:	Infrastructure Leasing and Financial Services Limited, The Il and Fs Finanacial Centreplot No C-22 G Block, Bandra-Kurla Complex, Mumbai - 400051, Maharashtra, India

Auditors :
Name :	S R B C and Company Chartered Accountants
Address :	22, Camac street, Block C, 3rd Floor, Kolkata 700016, West Bengal, India
PAN N Income-tax PAN of auditor or auditor's firm :	ABSFS4151K

Memberships :	--

Collaborators :	--

Holding company:	Ambuja Neotia Holdings Private Limited, India [U65993WB1990PTC049245]

Subsidiary company:	Udayan Greenfield Developers Limited, India [U51109WB2006PLC110773] Strong Walls Realty Limited, India [U45203WB2006PLC111801] Panachwati Greenfield Realty Development Private Limited, India [U51109WB2006PTC110964] Building Research and Management Services Private Limited, India [U74210WB1999PTC090629]

Fellow Subsidiary company:	Quality Maintenance Venture Limited, India [U70100WB2007PLC120053] Millennia Infrastructure Private Limited, India [U09219WB2005PTC195323] G G L Hotel and Resort Company Limited, India [U55101WB1988PLC044475] Ambuja Realty Events Management Limited, India [U92490WB2008PLC121507] Ambuja Housing and Urban Infrastructure Company Limited , [U70101WB2005PLC101398]

Associate:	Lemon Grass Advisors Private Limited, India [U74140WB2009PTC134549]

CAPITAL STRUCTURE

As on 26.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount

115000000	Equity Shares	Rs.10/- each	Rs. 1150.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

112500000	Equity Shares	Rs.10/- each	Rs. 1125.000 Millions

As on 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount

100000000	Equity Shares	Rs.10/- each	Rs. 1000.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

75000000	Equity Shares	Rs.10/- each	Rs. 750.000 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	750.000	750.000	750.000
(b) Reserves & Surplus	279.369	379.453	306.534
(c) Money received against share warrants	0.000	0.000	0.000
Deferred government grants	65.169	0.000	0.000

(2) Share Application money pending allotment	0.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	1094.538	1129.453	1056.534

(3) Non-Current Liabilities
(a) long-term borrowings	1747.858	1760.642	969.500
(b) Deferred tax liabilities (Net)	0.000	5.760	2.497
(c) Other long term liabilities	103.276	119.796	58.329
(d) long-term provisions	3.485	3.986	2.858
Total Non-current Liabilities (3)	1854.619	1890.184	1033.184

(4) Current Liabilities
(a) Short term borrowings	1116.560	797.419	1267.861
(b) Trade payables	196.633	105.672	189.341
(c) Other current liabilities	667.924	343.329	786.745
(d) Short-term provisions	3.766	26.645	27.404
Total Current Liabilities (4)	1984.883	1273.065	2271.351

TOTAL	4934.040	4292.702	4361.069

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	660.179	319.503	340.028
(ii) Intangible Assets	7.309	3.907	2.851
(iii) Capital work-in-progress	0.000	2.922	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	100.255	100.295	101.685
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	46.984	58.823	72.991
(e) Other Non-current assets	58.230	19.326	0.005
Total Non-Current Assets	872.957	504.776	517.560

(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	3282.918	2988.689	3081.208
(c) Trade receivables	363.873	348.835	185.813
(d) Cash and cash equivalents	64.019	70.376	71.265
(e) Short-term loans and advances	289.724	320.626	504.719
(f) Other current assets	60.549	59.400	0.504
Total Current Assets	4061.083	3787.926	3843.509

TOTAL	4934.040	4292.702	4361.069

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income	799.235	1651.360	809.847
	Other Income	35.219	37.043	30.664
	TOTAL (A)	834.454	1688.403	840.511

Less	EXPENSES
	Cost of Materials Consumed	362.508	229.516	258.990
	Purchases of Stock-in-Trade	507.536	623.939	501.071
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(683.564)	74.520	(535.906)
	Employees benefits expense	98.325	97.631	95.927
	Other expenses	262.304	192.688	171.014
	TOTAL (B)	547.109	1218.294	491.096

Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	287.345	470.109	349.415

Less	FINANCIAL EXPENSES (D)	369.240	334.843	278.871

	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	(81.895)	135.266	70.544

Less/ Add	DEPRECIATION/ AMORTISATION (F)	23.973	30.084	28.057

	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	(105.868)	105.182	42.487

Less	TAX (I)	(5.784)	32.263	12.814

	PROFIT/ (LOSS) AFTER TAX (G-I) (J)	(100.084)	72.919	29.673

	Earnings / (Loss) Per Share (Rs.)	(1.33)	0.97	0.40

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	(12.52)	4.42	3.66

Operating Profit Margin (PBIDT/Sales)	(%)	35.95	28.47	43.15

Return on Total Assets (PBT/Total Assets}	(%)	(2.19)	2.51	1.00

Return on Investment (ROI) (PBT/Networth)		(0.10)	0.09	0.04

Debt Equity Ratio (Total Debt /Networth)		2.62	2.26	2.12

Current Ratio (Current Asset/Current Liability)		2.05	2.98	1.69

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	750.000	750.000	750.000
Reserves & Surplus	306.534	379.453	279.369
Deferred government grants	0.000	0.000	65.169
Net worth	1056.534	1129.453	1094.538

long-term borrowings	969.500	1760.642	1747.858
Short term borrowings	1267.861	797.419	1116.560
Total borrowings	2237.361	2558.061	2864.418
Debt/Equity ratio	2.118	2.265	2.617

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	809.847	1651.360	799.235
		103.910	(51.601)

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	809.847	1651.360	799.235
Profit	29.673	72.919	(100.084)
	3.66%	4.42%	(12.52%)

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

OPERATIONS

The Turnover registered by the Company for the year was Rs. 834.454 Millions as against Rs. 1688.403 Millions in the previous year. Revenue from operations amounted to Rs. 799.235 Millions as against Rs. 1651.360 Millions in the previous year. The net loss stood at Rs. 100.084 Millions as against a net profit of Rs. 72.919 Millions in the previous year.

The City Centre Mall at Siliguri and Raipur continues to be a preferred destination for shoppers at Siliguri. Footfalls at the mall have increased during the year and the business at the mall was also satisfactory.

The City Centre Mall at Haldia is likely to be opened for the general public in the current financial year. Work at the Ecocentre Project at Kolkata progressed on satisfactory lines.

UNSECURED LOAN

PARTICULARS	31.03.2014 (Rs. in Millions)	31.03.2013 (Rs. in Millions)
Short-term borrowings
Loans repayable on demand from others	274.750	189.000
Intercorporate borrowings	633.100	301.500
Total	907.850	490.500

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10412552	20/09/2013 *	1,600,000,000.00	ICICI BANK LIMITED	LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJ ARAT - 390015, INDIA	B85696862
2	10298514	07/06/2011	250,000,000.00	ICICI BANK LIMITED	LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJ ARAT - 390015, INDIA	B17329004
3	10297472	24/09/2013 *	370,000,000.00	ICICI HOME FINANCE COMPANY LIMITED	ICICI BANK TOWERS,, BANDRA - KURLA COMPLEX,, MUMB AI, MAHARASHTRA - 400051, INDIA	B89801492
4	10297476	24/09/2013 *	800,000,000.00	ICICI HOME FINANCE COMPANY LIMITED	ICICI BANK TOWERS,, BANDRA - KURLA COMPLEX,, MUMB AI, MAHARASHTRA - 400051, INDIA	B89804579

* Date of charge modification

FIXED ASSETS

Tangible assets

Land
Buildings
Plant and equipment
Furniture and fixtures
Vehicles
Office equipment
Computer equipments
Other equipments

Intangible assets

Computer software

CMT REPORT (Corruption, Money Laundering & Terrorism]

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

1] INFORMATION ON DESIGNATED PARTY

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

2] Court Declaration :

No exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

6] Records on Int’l Anti-Money Laundering Laws/Standards :

Charges or investigation registered against subject: None

7] Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

8] Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

9] Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

CONTRAVENTION

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.63.75
UK Pound	1	Rs.98.88
Euro	1	Rs.77.32

INFORMATION DETAILS

Information Gathered by :	PRT

Analysis Done by :	DIV

Report Prepared by :	KVT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILITY	1~10	2
--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		29

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.

MIRA INFORM REPORT

INDEX OF CHARGES

Unit