MIRA INFORM REPORT

Report Date :

17.02.2014

IDENTIFICATION DETAILS

Name :	WAVE MEGACITY CENTRE PRIVATE LIMITED
Registered Office :	60, Friends Colony (East), New Delhi - 110065
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	07.06.2011
Com. Reg. No.:	55-220488
Capital Investment / Paid-up Capital :	Rs.200.000 Millions
CIN No.: [Company Identification No.]	U45204DL2011PTC220488
TIN No.:	09465712978
TAN No.: [Tax Deduction & Collection Account No.]	DELW02279E
PAN No.: [Permanent Account No.]	AABCW1076G
Legal Form :	Private Limited Liability Company
Line of Business :	Construct and Develop Shopping Malls, Showroom, Retail Outlets, Luxury Hotels, Serviced Apartments, Cinemas, Residential and Commercial Offices with world class infrastructure and facilities is in progress.
No. of Employees :	150 + Job Workers (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ca (12)

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is an established company having a moderate track record. The networth of the company has been eroded due to accumulated losses recorded by the company during 2013. However, trade relations are improving. Business is active. Payment are reported to be slow. The company can be considered for business dealings on a secured 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 – December 1, 2013

Country Name	Previous Rating (30.09.2013)	Current Rating (01.12.2013)
India	A1	A1

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

INDIAN ECONOMIC OVERVIEW

The services sector, the largest contributor to India’s GDP, contracted for the sixth consecutive month in December, as orders dipped. However, hiring has risen.  Direct tax collections rose 12.3 % during the April – December period of the current financial year.  The government has decided to retain 100 per cent foreign direct investment in both greenfield (new) and brown field (existing) pharmaceutical companies, despite concerns over genetic drugs going out of production, if multi-national companies take over domestic ones. In M&A deals, a non compete clause would not be allowed, except in special circumstances. The Department of Industrial Policy and Promotion plans to release the next edition of its consolidated foreign direct investment policy document on March 31, incorporating changes made in the past year. DIPP compiles all policies related to India’s FDI regime into a single document to make it easy for investors to understand. 185 million estimated number of mobile internet users in India by June 2014, according to a report by the Internet & Mobile Association of India and IMRB International.  India had 110 million mobile internet users with 25 million in rural areas. $3.77 tn estimated global IT spending in 2014, according to research firm Gartner Inc. The growth forecast for this year is cut to 3.1 %from the earlier estimate of 3.5 %. The spending growth forecast for telecom services – a segment that accounts for more than 40 % at total IT spending – from 1.9 per cent to 1.2 per cent is the main reason for this overall IT cut. A Reserve Bank of India committee has recommended setting up a special category of lenders who would cater to small businesses and households, to expand the number of customers with access to banking services. These banks would focus onproviding payment services and deposit products.  Indian banks want the free use of automated teller machines to be capped at five transactions in a month including that of the bank in which the account is active. This follows state government order to banks to install security guards at ATM booths after a woman banker was assaulted in Bangalore. The government is likely to present a vote on Account in mid-February. The annual Economic Survey will be tabled later in Parliament along with the full Budget. A full Budget for 2014/15 is likely to be present in July by the new government formed after the General Election. The government will soon launch an internet spy system, called Netra, to detect malafide messages. Security agency will deploy the system to capture dubious voice traffic on applications such as Skype and Google Talk, as well as tweeters.

RBI DEFAULTERS’ LIST STATUS

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

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

INFORMATION PARTED BY (GENERAL DETAILS)

Name :	Ms. Anjali
Designation :	Site Manager
Contact No.:	91-9999988013
Date :	12.02.2014

LOCATIONS

Registered Office :	60, Friends Colony (East), New Delhi – 110065, India
Tel. No.:	Not Available
Mobile No.:	91-9999988013 (Ms. Anjali)
Fax No.:	Not Available
E-Mail :	anuj.agarwal@waveinfratech.com info@waveinfratech.com
Website :	www.waveinfratech.com
Branch Offices :	Located At: · C- 1, Sector – 3, Noida – 201301, Uttar Pradesh, India Tel No.: 91-120-4180500 · Agra · Lucknow · Moradabad · Allahabad · Meerut
Site Offices :	Located At : · Ghaziabad · Noida · Punjab

DIRECTORS

As on 30.09.2013

Name :

Mr. Manpreet Singh Chadha

Designation :

Director

Address :

Oak Drive, DLF Chatter Pur, new Delhi - 110030, India

Date of Birth/Age :

14.09.1980

Date of Appointment :

07.06.2011

PAN No.:

ACKPC9648J

DIN No.:

00032276

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	U14103UP1995PTC019241	G S R GRANITES PRIVATE LIMITED	Director	01/04/1996	01/04/1996	-	Active	NO
2	U74899DL1995PTC067031	MOD HOLDINGS PRIVATE LIMITED	Director	03/01/1997	03/01/1997	-	Active	NO
3	U74899DL1997PTC091198	WAVE INDUSTRIES PRIVATE LIMITED	Director	17/12/1997	17/12/1997	29/08/2012	Active	NO
4	U70100DL1991PTC043010	SUDHA GROWTH FUND PRIVATE LIMITED	Director	10/07/1998	10/07/1998	-	Active	NO
5	U70109DL1991PTC043036	N K GROWTH FUND PRIVATE LIMITED	Director	10/07/1998	10/07/1998	-	Active	NO
6	U70109DL1991PTC043011	AKHIL GROWTH FUND PRIVATE LIMITED	Director	10/07/1998	10/07/1998	-	Active	NO
7	U74899DL1995PLC066934	SHIVA SUGAR MILLS LIMITED	Director	01/08/2000	01/08/2000	19/09/2011	Active	NO
8	U74899DL2000PTC107239	CHADHA HOTELS PRIVATE LIMITED	Director	11/08/2000	11/08/2000	-	Active	NO
9	U92120DL2001PTC109961	A B MOVIES PRIVATE LIMITED	Managing director	01/07/2010	12/03/2001	-	Amalgamated	NO
10	U92111PB2001PTC024560	A B MOTIONS PRIVATE LIMITED	Director	02/08/2001	02/08/2001	-	Active	NO
11	U55101DL2003PTC120119	MAYFAIR RESTAURANTS PRIVATE LIMITED	Director	30/04/2003	30/04/2003	-	Active	NO
12	U92199DL2003PTC123290	WAVE DIGITAL CINEMAS PRIVATE LIMITED	Director	03/12/2003	03/12/2003	-	Active	NO
13	U15424DL2004PTC125786	CHADHA SUGARS AND INDUSTRIES Private Limited	Director	13/04/2004	13/04/2004	20/10/2011	Active	NO
14	U45201DL2004PTC129928	A B ESTATES PRIVATE LIMITED	Director	14/10/2004	14/10/2004	-	Active	NO
15	U00000PB2004PTC027731	WAVE BEVERAGES PRIVATE LIMITED	Director	15/12/2004	15/12/2004	-	Active	NO
16	U74899DL1995PTC067400	SANSUN ESTATES PRIVATE LIMITED	Director	02/05/2005	02/05/2005	-	Active	NO
17	U67120DL2005PTC139973	CHADHA HOLDINGS PRIVATE LIMITED	Director	25/08/2005	25/08/2005	-	Active	NO
18	U45202DL1996PTC191641	Chadha Infrastructure Developers Private Limited	Director	29/09/2010	01/11/2005	-	Amalgamated	NO
19	U70100PB2005PTC028663	COUNTRY COLONISERS PRIVATE LIMITED	Director	06/01/2006	06/01/2006	-	Active	NO
20	U51909DL2006PTC145359	H.S.C. ENTERPRISES PRIVATE LIMITED	Director	24/01/2006	24/01/2006	-	Active	NO
21	U74999DL2004PTC130531	SHOEB HI-TECH DEVELOPERS PRIVATE LIMITED	Director	15/05/2006	15/05/2006	18/09/2009	Active	NO
22	U70101DL2006PTC148637	CHADHA WESTEND COLONISERS PRIVATE LIMITED.	Director	29/05/2006	29/05/2006	-	Active	NO
23	U70101DL2007PTC157516	HOME BIRD REAL ESTATE PRIVATE LIMITED	Director	08/01/2007	08/01/2007	-	Active	NO
24	U70200DL2007PTC157624	VISHAL HI- TECH CITY DEVELOPERS PRIVATE LIMITED	Director	10/01/2007	10/01/2007	-	Active	NO
25	U21011UR1991PLC012705	MANORAMA PAPER MILLS LIMITED	Director	12/03/2007	12/03/2007	01/09/2009	Active	NO
26	U74999HR2007PTC046618	ADIE BROSWON DISTILLERS AND BOTTLERS PRIVATE LIMITED	Director	25/12/2007	25/12/2007	20/10/2011	Active	NO
27	U45400DL2008PTC172829	Ambitious Infrastructure Developers Private Limited	Director	15/07/2009	06/02/2008	-	Active	NO
28	U45400DL2008PTC172825	GRH Infrastructure Private Limited	Director	15/07/2009	06/02/2008	-	Active	NO
29	U72300DL2008PTC172826	Savour Infrastructure Private Limited	Director	15/07/2009	06/02/2008	-	Active	NO
30	U72300DL2008PTC172827	Reliable Techno Infra Private Limited	Director	15/07/2009	06/02/2008	-	Active	NO
31	U45400DL2008PTC172895	Prerit Infra Developers Private Limited	Director	16/07/2009	06/02/2008	-	Active	NO
32	U45200DL2007PTC157522	WAVE LAKEWOODS PRIVATE LIMITED	Director	27/09/2008	20/02/2008	-	Active	NO
33	U45200DL2006PTC154544	CARA TOWN PLANNERS PRIVATE LIMITED	Director	27/09/2008	20/02/2008	-	Active	NO
34	U45200DL2008PTC174673	WAVE INFRATECH PRIVATE LIMITED.	Director	28/02/2008	28/02/2008	30/04/2011	Active	NO
35	U45400DL2008PTC174860	AKASHGANGA INFRA TECH PRIVATE LIMITED.	Director	04/03/2008	04/03/2008	-	Active	NO
36	U45400DL2008PTC174859	Great Way Infra Developers Private Limited	Director	04/03/2008	04/03/2008	-	Active	NO
37	U45400DL2008PTC174858	Countrywide Infra Developers Private Limited	Director	04/03/2008	04/03/2008	-	Active	NO
38	U45400DL2008PTC176863	INFRA 13 PRIVATE LIMITED	Director	17/04/2008	17/04/2008	24/12/2013	Active	NO
39	U74999JK2008PTC002914	G. S. MALLS PRIVATE LIMITED	Director	21/05/2008	21/05/2008	-	Active	NO
40	U15421DL1997PLC128097	A B SUGARS LIMITED	Director	30/09/2009	05/12/2008	10/07/2011	Active	NO
41	U70109DL2007PTC161756	HEALTH CARE ENERGY FOODS PRIVATE LIMITED	Director	29/09/2009	27/05/2009	24/10/2011	Active	NO
42	U45201DL2004PTC128784	UPPAL-CHADHA HI-TECH DEVELOPERS PRIVATE LIMITED	Director	30/09/2011	19/06/2009	-	Active	NO
43	U80904DL2009NPL193209	WAVECARE FOUNDATION	Director	17/08/2009	17/08/2009	-	Active	NO
44	U67110DL2009PTC193418	WAVE FINSERVE PRIVATE LIMITED	Director	20/08/2009	20/08/2009	-	Active	NO
45	U01400DL2009PTC193979	WAVE AGRO PRIVATE LIMITED	Director	07/09/2009	07/09/2009	-	Active	NO
46	U45201DL2005PTC135334	HONEY WELL ESTATE PRIVATE LIMITED	Director	18/02/2010	18/02/2010	-	Active	NO
47	U74120DL2010PTC200149	ADIE BROSWON BREWERIES PRIVATE LIMITED	Director	15/03/2010	15/03/2010	02/05/2011	Active	NO
48	U16000DL2006PTC153752	JESSAMINE FRESHENERS PRIVATE LIMITED	Director	29/09/2010	28/04/2010	-	Amalgamated	NO
49	U45201DL2009PTC242671	TEJASWANI DEVELOPERS PRIVATE LIMITED	Director	24/09/2010	04/05/2010	-	Active	NO
50	U45200DL2010PTC202023	WAVE INFRADEVELOPERS PRIVATE LIMITED	Director	01/06/2010	04/05/2010	-	Active	NO
51	U15422DL2010PTC202716	ADIE BROSWON SUGARS AND INDUSTRIES PRIVATE LIMITED	Director	15/05/2010	15/05/2010	20/10/2011	Active	NO
52	U45400DL2010PTC205900	WAVE CENTRE PRIVATE LIMITED	Director	13/01/2012	15/07/2010	-	Active	NO
53	U45200DL2010PTC205971	WAVE VERTICA PRIVATE LIMITED	Director	29/09/2011	16/07/2010	-	Active	NO
54	U45400DL2010PTC199497	WAVE ONE PRIVATE LIMITED	Director	29/09/2011	30/08/2010	-	Active	NO
55	U45200DL2010PTC208894	WAVE INFRADEVELOPERS (CHHATA) PRIVATE LIMITED	Director	29/09/2010	29/09/2010	-	Active	NO
56	U45200DL2010PTC208893	WAVE INFRADEVELOPERS (SHAHGANJ) PRIVATE LIMITED	Director	29/09/2010	29/09/2010	-	Active	NO
57	U45200DL2010PTC208892	WAVE INFRADEVELOPERS (BAREILLY) PRIVATE LIMITED	Director	29/09/2010	29/09/2010	-	Active	NO
58	U45400DL2010PTC208891	WAVE INFRADEVELOPERS (RAMPUR) PRIVATE LIMITED	Director	29/09/2010	29/09/2010	-	Active	NO
59	U45200DL2010PTC209777	WAVE INFRADEVELOPERS (RAMKOLA) PRIVATE LIMITED	Director	25/10/2010	25/10/2010	-	Active	NO
60	U45200DL2010PTC209776	WAVE INFRADEVELOPERS (LAXMI GANJ) PRIVATE LIMITED	Director	25/10/2010	25/10/2010	-	Active	NO
61	U45200DL2010PTC209775	WAVE INFRADEVELOPERS (NAWABGANJ) PRIVATE LIMITED	Director	25/10/2010	25/10/2010	-	Active	NO
62	U15400DL2010PTC209774	WAVE FRESH PRIVATE LIMITED	Director	25/10/2010	25/10/2010	-	Active	NO
63	U45200DL2010PTC209971	Nostri Architects Private Limited	Director	30/10/2010	30/10/2010	-	Active	NO
64	U74300PB1987PTC007549	CHARHDIKALA PUBLICATIONS PRIVATE LIMITED	Director	21/03/2011	21/03/2011	-	Active	NO
65	U45201UP2004PTC042060	RCPL Food Processing Private Limited	Director	09/09/2011	04/05/2011	-	Active	NO
66	U45204DL2011PTC220492	WAVE INFRATECH TOWNSHIP PRIVATE LIMITED	Director	07/06/2011	07/06/2011	-	Active	NO
67	U45204DL2011PTC220488	WAVE MEGACITY CENTRE PRIVATE LIMITED	Director	07/06/2011	07/06/2011	-	Active	NO

Name :

Mr. Harmandeep Singh Kandhari

Designation :

Director

Address :

D-146, Sector – 61, Noida, Uttar Pradesh, India

Date of Birth/Age :

26.05.1980

Date of Appointment :

07.06.2011

DIN No.:

01028271

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	U00000PB2004PTC027731	WAVE BEVERAGES PRIVATE LIMITED	Director	15/12/2004	15/12/2004	-	Active	NO
2	U70100PB2005PTC028663	COUNTRY COLONISERS PRIVATE LIMITED	Director	06/01/2006	06/01/2006	-	Active	NO
3	U70109DL2006PTC153431	DIAMOND BUILDMART PRIVATE LIMITED	Director	29/09/2008	26/06/2008	-	Active	NO
4	U70109DL2006PTC154070	TURQOUISE CONSTRUCTORS PRIVATE LIMITED	Director	27/09/2010	26/06/2008	19/11/2012	Active	NO
5	U45201DL2004PTC128784	UPPAL-CHADHA HI-TECH DEVELOPERS PRIVATE LIMITED	Director	29/09/2009	19/06/2009	-	Active	NO
6	U45400DL2010PTC199497	WAVE ONE PRIVATE LIMITED	Director	24/02/2010	24/02/2010	-	Active	NO
7	U70200DL2010PTC202765	ROUGE TOWN DEVELOPERS PRIVATE LIMITED	Director	17/09/2011	17/05/2010	22/11/2013	Active	NO
8	U70109DL2010PTC202770	NOVEL NESTBUILD PRIVATE LIMITED	Director	16/09/2011	17/05/2010	25/11/2013	Active	NO
9	U70109DL2010PTC202764	NUCLEUS NESTBUILD PRIVATE LIMITED	Director	17/09/2011	17/05/2010	27/11/2013	Active	NO
10	U70200DL2010PTC202763	JASPER INFRATECH PRIVATE LIMITED	Director	15/09/2011	17/05/2010	28/11/2013	Active	NO
11	U70101DL2010PTC202768	JUNKET TOWN DEVELOPERS PRIVATE LIMITED	Director	16/09/2011	17/05/2010	21/11/2013	Active	NO
12	U70100DL2010PTC202780	HALO REAL ESTATE PRIVATE LIMITED	Director	16/09/2011	17/05/2010	22/11/2013	Active	NO
13	U70109DL2010PTC202757	IVY BUILDCON PRIVATE LIMITED	Director	15/09/2011	17/05/2010	25/11/2013	Active	NO
14	U70109DL2010PTC202759	FINIAL INFRATECH PRIVATE LIMITED	Director	15/09/2011	17/05/2010	27/11/2013	Active	NO
15	U70200DL2010PTC202772	SALVO BUILDTECH PRIVATE LIMITED	Director	17/09/2011	17/05/2010	21/11/2013	Active	NO
16	U70109DL2010PTC202882	PIKE BUILDTECH PRIVATE LIMITED	Director	17/09/2011	19/05/2010	21/11/2013	Active	NO
17	U70200DL2010PTC202867	STRIVER PROBUILD PRIVATE LIMITED	Director	17/09/2011	19/05/2010	22/11/2013	Active	NO
18	U70101DL2010PTC202883	PETUNIA BUILDTECH PRIVATE LIMITED	Director	17/08/2011	19/05/2010	25/11/2013	Active	NO
19	U70109DL2010PTC202869	NOVEL PROMART PRIVATE LIMITED	Director	16/09/2011	19/05/2010	21/11/2013	Active	NO
20	U70200DL2010PTC202897	HINGE INFRATECH PRIVATE LIMITED	Director	17/09/2011	19/05/2010	22/11/2013	Active	NO
21	U70200DL2010PTC202891	GABLE INFRATECH PRIVATE LIMITED	Director	15/09/2011	19/05/2010	25/11/2013	Active	NO
22	U70109DL2010PTC202896	HALO REALTECH PRIVATE LIMITED	Director	16/09/2011	19/05/2010	27/11/2013	Active	NO
23	U70109DL2010PTC202868	ABBEY DUROBUILD PRIVATE LIMITED	Director	15/09/2011	19/05/2010	28/11/2013	Active	NO
24	U70200DL2010PTC202893	CARK BUILDWELL PRIVATE LIMITED	Director	16/09/2011	19/05/2010	27/11/2013	Active	NO
25	U70200DL2010PTC202898	TZAR PROBUILD PRIVATE LIMITED	Director	17/09/2011	19/05/2010	28/11/2013	Active	NO
26	U70109DL2010PTC202884	MADIA PROBUILD PRIVATE LIMITED	Director	16/09/2011	19/05/2010	21/11/2013	Active	NO
27	U70101DL2010PTC203031	INGOT PROBUILD PRIVATE LIMITED	Director	17/09/2011	21/05/2010	22/11/2013	Active	NO
28	U70101DL2010PTC203014	ABIGAIL LAND DEVELOPERS PRIVATE LIMITED	Director	17/09/2011	21/05/2010	25/11/2013	Active	NO
29	U70109DL2010PTC203012	GAIETY BUILDHOME PRIVATE LIMITED	Director	16/09/2011	21/05/2010	27/11/2013	Active	NO
30	U70200DL2010PTC203013	ZYTHUM BUILDERS PRIVATE LIMITED	Director	15/09/2011	21/05/2010	28/11/2013	Active	NO
31	U70200DL2010PTC203172	ATELIER NESTBUILD PRIVATE LIMITED	Director	17/08/2011	26/05/2010	28/11/2013	Active	NO
32	U70109DL2006PTC151139	WAVE SILVER TOWER PRIVATE LIMITED	Director	20/08/2010	10/07/2010	-	Active	NO
33	U70101DL2006PTC148696	ANGELICA PROMOTERS AND DEVELOPERS PRIVATE LIMITED.	Director	17/09/2010	10/08/2010	-	Active	NO
34	U45400DL2009PTC259566	ANANT INFRATECH PRIVATE LIMITED	Director	18/09/2010	10/08/2010	-	Active	NO
35	U45200DL2009PTC259244	GLORIA DEVELOPERS PRIVATE LIMITED	Director	24/09/2010	16/08/2010	-	Active	NO
36	U45201DL2009PTC259690	FIONA DEVELOPERS PRIVATE LIMITED	Director	24/09/2010	20/08/2010	-	Active	NO
37	U70109DL2006PTC152198	AARON INFRABUILD PRIVATE LIMITED	Director	25/09/2010	21/08/2010	29/11/2013	Active	NO
38	U70109DL2006PTC149524	ZINNIA PROMOTERS AND DEVELOPERS PRIVATE LIMITED.	Director	30/09/2010	25/08/2010	-	Active	NO
39	U45200DL2009PTC259243	OLIVE INFRA PROJECTS PRIVATE LIMITED	Director	24/09/2010	26/08/2010	-	Active	NO
40	U45201DL2005PTC140628	EKANT DEVELOPERS PRIVATE LIMITED	Director	21/09/2011	10/09/2010	-	Active	NO
41	U45201DL2005PTC140344	BNS CONSTRUCTIONS PRIVATE LIMITED	Director	20/09/2011	10/09/2010	-	Active	NO
42	U45201DL2005PTC140346	MASS BUILDCON PRIVATE LIMITED	Director	27/09/2011	16/09/2010	-	Active	NO
43	U45201DL2005PTC140343	MOONRISE CONSTRUCTIONS PRIVATE LIMITED	Director	27/09/2011	20/09/2010	-	Active	NO
44	U45201DL2005PTC140342	APN BUILDCON PRIVATE LIMITED	Director	19/09/2011	20/09/2010	-	Active	NO
45	U72200DL2005PTC132884	UNIMARK INFO TECHNOLOGY PRIVATE LIMITED	Director	26/09/2011	21/09/2010	-	Active	NO
46	U45201DL2005PTC140345	MAP BUILDCON PRIVATE LIMITED	Director	27/09/2011	22/09/2010	-	Active	NO
47	U45201DL2005PTC140347	MAB BUILDCON PRIVATE LIMITED	Director	27/09/2011	23/09/2010	-	Active	NO
48	U45200DL2008PTC174673	WAVE INFRATECH PRIVATE LIMITED.	Director	30/11/2011	11/04/2011	-	Active	NO
49	U92111PB2001PTC024560	A B MOTIONS PRIVATE LIMITED	Director	30/09/2011	11/04/2011	-	Active	NO
50	U45204DL2011PTC220492	WAVE INFRATECH TOWNSHIP PRIVATE LIMITED	Director	07/06/2011	07/06/2011	-	Active	NO
51	U45204DL2011PTC220488	WAVE MEGACITY CENTRE PRIVATE LIMITED	Director	07/06/2011	07/06/2011	-	Active	NO

Name :

Mr. Gurjit Singh Kochar

Designation :

Director

Address :

14A/18, W.E.A. Karol Bagh, New Delhi - 110005, India

Date of Birth/Age :

05.06.1980

Date of Appointment :

07.06.2011

DIN No.:

01727468

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	U52201DL2002PTC114544	SATNAM ENTERPRISES PRIVATE LIMITED	Director	30/03/2002	30/03/2002	-	Active	NO
2	U51909DL2005PTC133387	SATJAHAN MERCHANDISER PRIVATE LIMITED	Director	25/02/2005	25/02/2005	-	Active	NO
3	U70100PB2005PTC028663	COUNTRY COLONISERS PRIVATE LIMITED	Director	29/07/2008	11/02/2008	-	Active	NO
4	U45200DL2010PTC208626	JKG INFRADEVELOPERS PRIVATE LIMITED	Director	22/09/2010	22/09/2010	-	Active	NO
5	U45200DL2010PTC208624	GSK CONSTRUCTIONS AND BUILDERS PRIVATE LIMITED	Director	22/09/2010	22/09/2010	-	Active	NO
6	U45400DL2010PTC208765	JG BUILDWELL PRIVATE LIMITED	Director	24/09/2010	24/09/2010	-	Active	NO
7	U45400DL2010PTC208764	RJ INFRADEVELOPERS PRIVATE LIMITED	Director	24/09/2010	24/09/2010	-	Active	NO
8	U45204DL2011PTC220492	WAVE INFRATECH TOWNSHIP PRIVATE LIMITED	Director	07/06/2011	07/06/2011	-	Active	NO
9	U45204DL2011PTC220488	WAVE MEGACITY CENTRE PRIVATE LIMITED	Director	07/06/2011	07/06/2011	-	Active	NO
10	U45201DL2004PTC128784	UPPAL-CHADHA HI-TECH DEVELOPERS PRIVATE LIMITED	Director	30/09/2011	01/07/2011	-	Active	NO
11	U51229DL2005PTC139238	SATNAM MERCHANDISER PRIVATE LIMITED	Director	27/08/2012	02/01/2012	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Anuj Agarwal
Designation :	Company Secretary
Address :	3141, Alok Vihar – I, Sector – 50, Noida – 201301, Uttar Pradesh, India
Date of Birth/Age :	07.08.1975
Date of Appointment :	06.06.2013
PAN No.:	ABRPA6120H
Name :	Ms. Anjali
Designation :	Site Manager

MAJOR SHAREHOLDERS

As on 30.09.2013

Names of Shareholders	No. of Shares	% of Holding
UP Township Private Limited, India	13998500	69.99
Wave Infratech Private Limited, India	6000000	30.00
A B Sugars Limited, India	500	0.00
Satnam Enterprises Private Limited, India	500	0.00
Waves Industries Private Limited, India	500	0.00
Total	20000000	100.00

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2013

Category	Percentage
Bodies corporate	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Construct and develop Shopping Malls, Showroom, Retail Outlets, Luxury Hotels, Serviced Apartments, Cinemas, Residential and Commercial Offices with world class infrastructure and facilities is in progress.
Terms :
Selling :	Cash and Credit (30 days)
Purchasing :	Cash and Credit (30 days)

GENERAL INFORMATION

No. of Employees :

150 + Job Workers (Approximately)

Bankers :

· HDFC Bank Limited, Noida, Uttar Pradesh, India

· ICICI Bank Limited, Noida, Uttar Pradesh, India

· Canara Bank, Noida, Uttar Pradesh, India

Facilities :

SECURED LOANS	31.03.2013 Rs. In Millions	31.03.2012 Rs. In Millions
Long Term Borrowings
Rupee term loan from bank	1.009	2.012
Term loans from others	0.132	0.303
Total	1.141	2.315

Banking Relations :	--
Auditors :
Name :	SNMG and Company Chartered Accountants
Address :	F-378, Sarita Vihar, New Delhi-110076, India
PAN No.:	AAAFR9119B
Holding Company :	UP Township Private Limited CIN No.: U45201DL2004PTC131529
Subsidiary company :	· AUK Developers Private Limited CIN No.: U70109DL2013PTC249841 · Blaze Buildtech Private Limited CIN No.: U70200DL2013PTC248250 · Conch Infratech Private Limited CIN No.: U70200DL2013PTC249387 · Flexion Infrabuild Private Limited CIN No.: U70109DL2013PTC248219 · Flit Buildwell Private Limited CIN No.: U70200DL2013PTC249892 · Gnat Constech Private Limited CIN No.: U70109DL2013PTC248099 · Haven Buildcon Private Limited CIN No.: U70200DL2013PTC249463 · Heifer Buildtech Private Limited CIN No.: U70102DL2013PTC249464 · Jig Constech Private Limited CIN No.: U70200DL2013PTC249442 · Muse Constech Private Limited CIN No.: U70109DL2013PTC249388 · Mystique Infracon Private Limited CIN No.: U70200DL2013PTC248083 · Pate Buildtech Private Limited CIN No.: U70200DL2013PTC249346 · Piazza Buildwell Private Limited CIN No.: U70200DL2013PTC248095 · Pursuit Infra Con Private Limited CIN No.: U70200DL2013PTC248096 · Score Buildcon Private Limited CIN No.: U70109DL2013PTC249385 · Skyrocket Buildcon Private Limited CIN No.: U70100DL2013PTC248071 · Tinge Infrabuild Private Limited CIN No.: U70102DL2013PTC248098 · Tzar Infratech Private Limited CIN No.: U70200DL2013PTC248093
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives :	· Daffodil Town Planners Private Limited CIN No.: U70101DL2006PTC148629 · Nostri Architects Private Limited CIN No.: U45200DL2010PTC209971 · Salvo Buildtech Private Limited CIN No.: U70200DL2010PTC202772 · Suncity Hi-Tech Infrastructures Private Limited CIN No.: U45201DL2005PTC143614 · Wave Infratech Private Limited CIN No.: U45200DL2008PTC174673 · Wave Industries Private Limited CIN No.: U74899DL1997PTC091198 · Flora and Fauna Housing and Land Developments Private Limited CIN No.: U15122DL2006PTC154000 · Infra 13 Private Limited CIN No.: U45400DL2008PTC176863 · Uppal-Chadha Hi-Tech Developers Private Limited CIN No.: U45201DL2004PTC128784 · R M Entertainment

CAPITAL STRUCTURE

As on 30.09.2013

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
20000000	Equity Shares	Rs.10/- each	Rs.200.000 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013 (12 Months)	31.03.2012 (9 Months)
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	200.000	0.100
(b) Reserves & Surplus	(299.687)	(4.447)
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000
Total Shareholders’ Funds (1) + (2)	(99.687)	(4.347)
(3) Non-Current Liabilities
(a) long-term borrowings	9691.215	10321.234
(b) Deferred tax liabilities (Net)	57849.954	59129.858
(c) Other long term liabilities	0.000	0.000
(d) long-term provisions	5.080	0.810
Total Non-current Liabilities (3)	67546.249	69451.902
(4) Current Liabilities
(a) Short term borrowings	1190.663	0.000
(b) Trade payables	7495.686	58.552
(c) Other current liabilities	10854.434	9,046.929
(d) Short-term provisions	0.153	0.607
Total Current Liabilities (4)	19540.936	9106.088
TOTAL	86987.498	78553.643
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	334.902	11.277
(ii) Intangible Assets	4.764	2.671
(iii) Capital work-in-progress	39.248	70.725
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	1.800	0.000
(c) Deferred tax assets (net)	133.064	1.496
(d) Long-term Loan and Advances	9.645	35.138
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	523.423	121.307
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	86030.161	77994.143
(c) Trade receivables	0.000	0.000
(d) Cash and cash equivalents	160.644	84.159
(e) Short-term loans and advances	272.964	353.915
(f) Other current assets	0.306	0.119
Total Current Assets	86464.075	78432.336
TOTAL	86987.498	78553.643

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2013 (12 Months)	31.03.2012 (9 Months)
	INCOME	NA	NA
Less	EXPENSES	NA	NA
	PROFIT/(LOSS) BEFORE TAX	(426.809)	(5.943)
Less	TAX	(131.568)	(1.496)
	PROFIT/(LOSS) AFTER TAX	(295.240)	(4.447)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD	(4.447)	0.000
	BALANCE CARRIED TO THE B/S	(299.687)	(4.447)
	Earnings / (Loss) Per Share (Rs.)	(14.76)	NA

KEY RATIOS

PARTICULARS		31.03.2013 (12 Months)	31.03.2012 (9 Months)
Return on Total Assets (PBT/Total Assets}	(%)	(0.49)	(0.01)
Return on Investment (ROI) (PBT/Networth)		4.28	1.37
Debt Equity Ratio (Total Debt /Networth)		(109.16)	(2374.33)
Current Ratio (Current Asset/Current Liability)		4.42	8.61

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013
	Rs. In Millions	Rs. In Millions
Share Capital	0.100	200.000
Reserves & Surplus	(4.447)	(299.687)
Net worth	(4.347)	(99.687)
long-term borrowings	10321.234	9691.215
Short term borrowings	0.000	1190.663
Total borrowings	10321.234	10881.878
Debt/Equity ratio	(274.335)	(109.160)

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last two years	No
12]	Profitability for last two 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	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

UNSECURED LOANS:

Particulars	31.03.2013 Rs. In Millions	31.03.2012 Rs. In Millions
Long Term Borrowings
Loans and advances from director	91.000	91.000
Loans and advances from others	9299.074	10227.919
Other loans and advances	300.000	0.000
Short Term Borrowings
Loans and advances from others	62.263	0.000
Other loans and advances	1128.400	0.000
Total	10880.737	10318.919

OPERATIONS

The period is a Second year of operation of the Company. The Company is constructing and developing Wave City Centre in the heart of New Okhla Industrial Development Authority (NOIDA) across Sector 32 and Sector 25A Noida Uttar Pradesh. The land ad-measuring 152.9 acres has been allotted to the Company by NOIDA in terms of 90 year lease vide Lease Agreement dated 2nd September, 2011. The Company’s project to construct and develop Shopping Malls, Showroom, Retail Outlets, Luxury Hotels, Serviced Apartments, Cinemas, Residential and Commercial Offices with world class infrastructure and facilities is in progress.

NOTE: NO CHARGES EXIST FOR THE COMPANY

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.62.27
UK Pound	1	Rs.103.47
Euro	1	Rs.84.87

INFORMATION DETAILS

Report Prepared by :

VNT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
PAID-UP CAPITAL	1~10	1
OPERATING SCALE	1~10	2
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	1
--PROFITABILIRY	1~10	1
--LIQUIDITY	1~10	1
--LEVERAGE	1~10	2
--RESERVES	1~10	1
--CREDIT LINES	1~10	1
--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		12

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.