MIRA INFORM REPORT

MIRA INFORM REPORT

Report Date :

25.01.2014

IDENTIFICATION DETAILS

Name :	KAPSTONE CONSTRUCTIONS PRIVATE LIMITED

Registered Office :	702, Natraj, MV Road Junction, Western Express Highway, Andheri (East), Mumbai – 400 069, Maharashtra

Country :	India

Financials (as on) :	31.03.2013

Date of Incorporation :	22.04.2003

Com. Reg. No.:	11-140091

Capital Investment / Paid-up Capital :	Rs.52.100 Millions

CIN No.: [Company Identification No.]	U45200MH2003PTC140091

Legal Form :	Private Limited Liability Company

Line of Business :	The Company is engaged in the development of property.

No. of Employees :	170 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ca (15)

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 and delayed

Litigation :	Clear

Comments :	Subject is a subsidiary of KEY STONE REALTORS PRIVATE LIMITED. It is an established company having moderate track record. There appears huge accumulated losses recorded by the company, which has eroded the net worth of the company. Profitability of the company seems to be under pressure. Business is active. Payment terms are slow and delayed. The company can be considered for business dealings on safe and 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 – September 30, 2013

Country Name

Previous Rating

(30.06.2013)

Current Rating

(30.09.2013)

India

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

INDIAN ECONOMIC OVERVIEW

India’s current account deficit narrowed in the quarter ended September as government measures to curb imports, especially gold, kicked in. The current account deficit, the excess of a country’s imports of goods and services over exports, narrowed to $ 5.2 billion from $ 21 billion in the year ago period, according to provisional Reserve Bank of India data. Finance Minister P. Chidambaram said the CAD for the year will be less than $ 60 billion or 3 per cent of GDP and the latest data suggests the government may achieve the target.

India was ranked 94^th among the world’s most corrupt nations list. Denmark and New Zealand topped as the cleanest while Somalia emerged as the most corrupt.

India’s services sector activity witnessed a moderate improvement in November over the previous month, even while indicating the fifth successive monthly contraction, according the HSBC survey.

$53 million estimated losses suffered by India due to phishing attacks during the third quarter, according to a study by RSA. India ranks fourth in the list of nations hit by phishing attacks. The US remained at the top of the charts. Phishing is the process of acquiring information such as user names, passwords and credit card details by sending e-mails disguised as official mails.

Rs.4080 million worth of mobile-phone-based transactions by July 2013 compared to Rs.260 million in September, 2012, according to Deloitte report. The number of transactions has shot up from 94000 to 701000.

India aims to earn Rs.400000 million from the bandwidth auction set for January. The merger and acquisition guidelines, cleared by a group of ministers, will be out before the auction begins so that players can make informed decisions on the auctions.

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

Name :	Mr. Paresh Pathak
Designation :	Assistant Account Manager
Contact No.:	91-22-25422828
Date :	22.01.2014

LOCATIONS

Registered Office :	702, Natraj, MV Road Junction, Western Express Highway, Andheri (East), Mumbai – 400 069, Maharashtra, India
Tel. No.:	91-22-66766888 / 25422828 / 25403366 / 26760185
Fax No.:	91-22-66766999
E-Mail :	devangmehta@rustomjee.com
Website :	www.rustomjee.com

DIRECTORS

AS ON 12.12.2012

Name :

Mr. Boman Rustom Irani

Designation :

Director

Address :

1602, Rustomjee La Solita, TPS III, Off. Turner Road, Near Guru Nank Park, Bandra (West), Mumbai – 400 050, Maharashtra, India

Date of Birth/Age :

14.06.1969

Date of Appointment :

22.04.2003

DIN No.:

00057453

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	U70100MH1996PTC096712	CREDENCE PROPERTY DEVELOPERS PRIVATE LIMITED	Director	31/01/1996	31/01/1996	11/03/2011	Active	NO
2	U80301MH1995PTC089819	RUSTOMJEE KNOWLEDGE CITY PRIVATE LIMITED	Director	05/04/1996	05/04/1996	-	Active	NO
3	U51430MH1998PTC116403	BRICKSWORK TRADING PRIVATE LIMITED	Director	02/09/1998	02/09/1998	-	Amalgamated	NO
4	U70101MH1985PTC036860	YAZARINA ESTATES AND INVESTMENTS PVT LTD	Director	13/06/2000	13/06/2000	16/03/2011	Active	NO
5	U45203MH2002PTC136414	RUSTOMJEE BUILDERS PRIVATE LIMITED	Director	05/07/2002	05/07/2002	-	Active	NO
6	U70100MH2003PTC140087	RUSTOMJEE REALTY PRIVATE LIMITED	Director	22/04/2003	22/04/2003	25/02/2011	Active	NO
7	U45200MH2003PTC140091	KAPSTONE CONSTRUCTIONS PRIVATE LIMITED	Director	31/03/2011	22/04/2003	-	Active	NO
8	U99999MH1995PTC088867	SURANJAN HOLDING AND ESTATE DEVELOPERS PRIVATE LIMITED	Director	20/01/2005	20/01/2005	16/03/2011	Active	NO
9	U45200MH1995PTC094208	KEYSTONE REALTORS PRIVATE LIMITED	Managing director	09/09/2010	01/03/2005	-	Active	NO
10	U45203MH1995PTC084462	SUCCESS DEVELOPERS PRIVATE LIMITED	Director	17/10/2005	17/10/2005	25/02/2011	Active	NO
11	U45201MH2004PTC146699	PREMIUM BUILD TECH PRIVATE LIMITED	Director	28/09/2007	22/11/2006	25/02/2011	Active	NO
12	U45201MH2006PTC165655	Sanguinity Realty Private Limited	Director	29/11/2006	29/11/2006	25/02/2011	Active	NO
13	U45201MH2006PTC165676	Resilience Realty Private Limited	Director	29/11/2006	29/11/2006	-	Amalgamated	NO
14	U45201MH2006PTC165737	Revelation Realty Private Limited	Director	29/11/2006	29/11/2006	-	Amalgamated	NO
15	U45201MH2006PTC166303	SANGUINE BUILDERS PRIVATE LIMITED	Director	19/12/2006	19/12/2006	25/02/2011	Active	NO
16	U45201MH2006PTC166302	BRICKLAYER CONSTRUCTIONS PRIVATE LIMITED	Director	02/01/2007	02/01/2007	-	Amalgamated	NO
17	U17124MH2003PTC142170	ATTARCHAND TRADING COMPANY PRIVATE LIMITED	Director	05/01/2007	05/01/2007	-	Active	NO
18	U70109MH2007PTC167203	KEYSTONE INFRASTRUCTURE PRIVATE LIMITED	Director	23/01/2007	23/01/2007	25/02/2011	Active	NO
19	U70200MH2007PTC167204	MONARCHY BUILDERS PRIVATE LIMITED	Director	23/01/2007	23/01/2007	16/03/2011	Active	NO
20	U45200MH2007PTC168509	RUSTOMJEE CONSTRUCTIONS PRIVATE LIMITED	Director	22/03/2007	22/03/2007	-	Active	NO
21	U45200MH2007PTC169511	Gemstone Developers Private Limited	Director	02/04/2007	02/04/2007	25/02/2011	Active	NO
22	U45200MH2007PTC169509	MEGACORP DEVELOPERS PRIVATE LIMITED	Director	02/04/2007	02/04/2007	25/02/2011	Active	NO
23	U70100MH2007PTC169611	Xcellent Realty Private Limited	Director	03/04/2007	03/04/2007	25/02/2011	Active	NO
24	U45200MH2007PTC169949	FIRESTONE DEVELOPERS PRIVATE LIMITED	Director	13/04/2007	13/04/2007	25/02/2011	Active	NO
25	U45200MH2007PTC169946	RIVERSTONE DEVELOPERS PRIVATE LIMITED	Director	13/04/2007	13/04/2007	16/03/2011	Active	NO
26	U45400MH2007PTC169945	NOUVEAU DEVELOPERS PRIVATE LIMITED	Director	13/04/2007	13/04/2007	25/02/2011	Active	NO
27	U45400MH2007PTC171396	MEGACORP CONSTRUCTIONS PRIVATE LIMITED	Director	07/06/2007	07/06/2007	25/02/2011	Active	NO
28	U70109MH2007PTC169597	SKYSCRAPER REALTORS PRIVATE LIMITED	Director	26/06/2007	26/06/2007	16/03/2011	Active	NO
29	U45200MH2007PTC172988	TOWN & COUNTRY REALTY PRIVATE LIMITED	Director	09/08/2007	09/08/2007	16/03/2011	Active	NO
30	U51909MH2007PTC172987	TITANIUM EXIM PRIVATE LIMITED	Director	09/08/2007	09/08/2007	25/02/2011	Active	NO
31	U45400MH2007PTC173167	RIVERSTONE EDUCATIONAL ACADEMY PRIVATE LIMITED	Director	16/08/2007	16/08/2007	-	Active	NO
32	U45202MH2007PTC173370	CHARISMA DEVELOPERS PRIVATE LIMITED	Director	22/08/2007	22/08/2007	16/03/2011	Active	NO
33	U45201MH2007PTC173340	MONTAGE DEVELOPERS PRIVATE LIMITED	Director	22/08/2007	22/08/2007	25/02/2011	Amalgamated	NO
34	U45201MH2007PTC173444	IMPETUS CONSTRUCTIONS PRIVATE LIMITED	Director	24/08/2007	24/08/2007	25/02/2011	Active	NO
35	U45201MH2007PTC173470	INTIME CONSTRUCTIONS PRIVATE LIMITED	Director	27/08/2007	27/08/2007	25/02/2011	Active	NO
36	U74140MH2006PTC164785	TERRAFIRMA REALTY ADVISORS PRIVATE LIMITED	Director	27/09/2007	07/09/2007	01/10/2010	Active	NO
37	U45200MH2007PTC173902	ALTUS DEVELOPERS PRIVATE LIMITED	Director	07/09/2007	07/09/2007	25/02/2011	Active	NO
38	U01222MH2002PTC136640	ZORABIAN AGRO PRIVATE LIMITED	Director	30/09/2008	01/10/2007	-	Active	NO
39	U01222MH1989PTC052336	ZORABIAN CHICKS PVT LTD	Director	30/09/2008	01/10/2007	-	Active	NO
40	U45400MH2008PTC178625	ENIGMA CONSTRUCTIONS PRIVATE LIMITED	Director	07/02/2008	07/02/2008	-	Active	NO
41	U45400MH2008PTC178624	PARADIGM BUILDERS PRIVATE LIMITED	Director	07/02/2008	07/02/2008	25/02/2011	Amalgamated	NO
42	U70102MH2008PTC177657	PANCHGANI REAL ESTATE PRIVATE LIMITED	Director	08/02/2008	08/02/2008	25/02/2011	Amalgamated	NO
43	U45400MH2008PTC177672	MANPRIT REAL ESTATE PRIVATE LIMITED	Director	08/02/2008	08/02/2008	16/03/2011	Active	NO
44	U70102MH2008PTC178824	IMPERIAL INFRADEVELOPERS PRIVATE LIMITED	Director	12/02/2008	12/02/2008	25/02/2011	Active	NO
45	U45203MH2008PTC178835	DYNASTY INFRABUILDERS PRIVATE LIMITED	Director	13/02/2008	13/02/2008	25/02/2011	Active	NO
46	U80301MH2008PTC179884	RUSTOMJEE KNOWLEDGE CITY PRIVATE LIMITED	Director	08/03/2008	08/03/2008	-	Amalgamated	NO
47	U45203MH2008PTC180638	KINGMAKER DEVELOPERS PRIVATE LIMITED	Director	31/03/2008	31/03/2008	21/10/2010	Active	NO
48	U45200MH2008PTC180637	INTACT BUILDERS PRIVATE LIMITED	Director	31/03/2008	31/03/2008	21/10/2010	Active	NO
49	U45200MH2008PTC180636	PRIMA BUILDERS PRIVATE LIMITED	Director	31/03/2008	31/03/2008	16/03/2011	Active	NO
50	U45200MH2008PTC180773	APEX INFRAPROJECTS PRIVATE LIMITED	Director	03/04/2008	03/04/2008	-	Active	NO
51	U45203MH2008PTC180785	DREAMZ DWELLERS PRIVATE LIMITED	Director	03/04/2008	03/04/2008	16/03/2011	Active	NO
52	U45200MH2008PTC180772	AMAZE BUILDERS PRIVATE LIMITED	Director	03/04/2008	03/04/2008	21/10/2010	Active	NO
53	U45202MH2008PTC184015	RUSTOMJEE BUILDCON PRIVATE LIMITED	Director	26/06/2008	26/06/2008	-	Active	NO
54	L17117MH1925PLC001208	RAYMOND LIMITED	Director	07/06/2011	21/04/2011	-	Active	NO

Name :

Mr. Percy Sorabji Chowdhry

Designation :

Director

Address :

Flat No.01, Rati Manzil, Parsi Colony, Opposite Girls School, Dadar (East), Mumbai – 400 014, Maharashtra, India

Date of Birth/Age :

14.02.1971

Date of Appointment :

22.04.2003

DIN No.:

00057529

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	U80301MH1995PTC089819	RUSTOMJEE KNOWLEDGE CITY PRIVATE LIMITED	Director	21/06/1995	21/06/1995	-	Active	NO
2	U45200MH1997PTC108008	RUSTOMJEE LANDMARK CONSTRUCTIONS PRIVATE LIMITED	Director	03/01/1999	03/01/1999	-	Amalgamated	NO
3	U45200MH1995PTC094208	KEYSTONE REALTORS PRIVATE LIMITED	Director	03/01/1999	03/01/1999	-	Active	NO
4	U70101MH1985PTC036860	YAZARINA ESTATES AND INVESTMENTS PVT LTD	Director	13/07/2000	13/07/2000	-	Active	NO
5	U70100MH1996PTC096712	CREDENCE PROPERTY DEVELOPERS PRIVATE LIMITED	Director	15/07/2001	15/07/2001	-	Active	NO
6	U45201MH2001PTC132977	RUSTOMJEE DEVELOPMENTS PRIVATE LIMITED	Director	06/08/2001	06/08/2001	-	Amalgamated	NO
7	U74210MH2000PTC127835	IRCON ENGINEERING PRIVATE LIMITED	Director	15/10/2001	15/10/2001	-	Amalgamated	NO
8	U70100MH1999PTC120102	KEYSTONE REALTY PRIVATE LILMITED	Director	05/04/2002	05/04/2002	-	Amalgamated	NO
9	U45203MH2002PTC136414	RUSTOMJEE BUILDERS PRIVATE LIMITED	Director	05/07/2002	05/07/2002	-	Active	NO
10	U70100MH2003PTC140087	RUSTOMJEE REALTY PRIVATE LIMITED	Director	22/04/2003	22/04/2003	-	Active	NO
11	U45200MH2003PTC140091	KAPSTONE CONSTRUCTIONS PRIVATE LIMITED	Director	31/03/2011	22/04/2003	-	Active	NO
12	U70100MH2003PTC140363	WEST WOOD REALTORS PRIVATE LIMITED	Director	09/05/2003	09/05/2003	-	Amalgamated	NO
13	U70100MH2003PTC141380	PRISM REALTY PRIVATE LIMITED	Director	18/07/2003	18/07/2003	-	Amalgamated	NO
14	U63040MH2000PTC123461	SHALOM VOYAGERS PRIVATE LIMITED	Director	25/08/2003	25/08/2003	-	Active	NO
15	U70102MH1994PTC076408	SWEETY PROPERTY DEVELOPERS PRIVATE LIMITED	Director	01/09/2003	01/09/2003	-	Active	NO
16	U99999MH1995PTC088867	SURANJAN HOLDING AND ESTATE DEVELOPERS PRIVATE LIMITED	Director	20/01/2005	20/01/2005	-	Active	NO
17	U45203MH1995PTC084462	SUCCESS DEVELOPERS PRIVATE LIMITED	Director	17/10/2005	17/10/2005	-	Active	NO
18	U51900MH2005PTC157787	MOONTOWN TRADING COMPANY PRIVATE LIMITED	Nominee director	23/03/2006	23/03/2006	-	Active	NO
19	U45201MH2004PTC146699	PREMIUM BUILD TECH PRIVATE LIMITED	Director	28/09/2007	22/11/2006	-	Active	NO
20	U45201MH2006PTC165676	Resilience Realty Private Limited	Director	29/11/2006	29/11/2006	-	Amalgamated	NO
21	U45201MH2006PTC165737	Revelation Realty Private Limited	Director	29/11/2006	29/11/2006	-	Amalgamated	NO
22	U45201MH2006PTC165655	Sanguinity Realty Private Limited	Director	29/11/2006	29/11/2006	25/02/2011	Active	NO
23	U45201MH2006PTC166302	BRICKLAYER CONSTRUCTIONS PRIVATE LIMITED	Director	02/01/2007	02/01/2007	-	Amalgamated	NO
24	U45201MH2006PTC166303	SANGUINE BUILDERS PRIVATE LIMITED	Director	02/01/2007	02/01/2007	25/02/2011	Active	NO
25	U17124MH2003PTC142170	ATTARCHAND TRADING COMPANY PRIVATE LIMITED	Director	05/01/2007	05/01/2007	-	Active	NO
26	U70200MH2007PTC167204	MONARCHY BUILDERS PRIVATE LIMITED	Director	23/01/2007	23/01/2007	16/03/2011	Active	NO
27	U70109MH2007PTC167203	KEYSTONE INFRASTRUCTURE PRIVATE LIMITED	Director	02/02/2007	02/02/2007	25/02/2011	Active	NO
28	U45200MH2007PTC168509	RUSTOMJEE CONSTRUCTIONS PRIVATE LIMITED	Director	22/03/2007	22/03/2007	25/02/2011	Active	NO
29	U45200MH2007PTC169511	Gemstone Developers Private Limited	Director	02/04/2007	02/04/2007	25/02/2011	Active	NO
30	U45200MH2007PTC169509	MEGACORP DEVELOPERS PRIVATE LIMITED	Director	02/04/2007	02/04/2007	25/02/2011	Active	NO
31	U70109MH2007PTC169597	SKYSCRAPER REALTORS PRIVATE LIMITED	Director	03/04/2007	03/04/2007	-	Active	NO
32	U45200MH2007PTC169946	RIVERSTONE DEVELOPERS PRIVATE LIMITED	Director	13/04/2007	13/04/2007	-	Active	NO
33	U45400MH2007PTC169945	NOUVEAU DEVELOPERS PRIVATE LIMITED	Director	13/04/2007	13/04/2007	25/02/2011	Active	NO
34	U45200MH2007PTC169949	FIRESTONE DEVELOPERS PRIVATE LIMITED	Director	13/04/2007	13/04/2007	25/02/2011	Active	NO
35	U45400MH2007PTC171396	MEGACORP CONSTRUCTIONS PRIVATE LIMITED	Director	07/06/2007	07/06/2007	-	Active	NO
36	U70100MH2007PTC169611	Xcellent Realty Private Limited	Director	26/06/2007	26/06/2007	25/02/2011	Active	NO
37	U45200MH2007PTC172988	TOWN & COUNTRY REALTY PRIVATE LIMITED	Director	09/08/2007	09/08/2007	-	Active	NO
38	U51909MH2007PTC172987	TITANIUM EXIM PRIVATE LIMITED	Director	09/08/2007	09/08/2007	25/02/2011	Active	NO
39	U45400MH2007PTC173167	RIVERSTONE EDUCATIONAL ACADEMY PRIVATE LIMITED	Director	16/08/2007	16/08/2007	-	Active	NO
40	U45202MH2007PTC173370	CHARISMA DEVELOPERS PRIVATE LIMITED	Director	22/08/2007	22/08/2007	-	Active	NO
41	U45201MH2007PTC173340	MONTAGE DEVELOPERS PRIVATE LIMITED	Director	22/08/2007	22/08/2007	25/02/2011	Amalgamated	NO
42	U45201MH2007PTC173444	IMPETUS CONSTRUCTIONS PRIVATE LIMITED	Director	24/08/2007	24/08/2007	25/02/2011	Active	NO
43	U45201MH2007PTC173470	INTIME CONSTRUCTIONS PRIVATE LIMITED	Director	27/08/2007	27/08/2007	25/02/2011	Active	NO
44	U45200MH2007PTC173902	ALTUS DEVELOPERS PRIVATE LIMITED	Director	07/09/2007	07/09/2007	25/02/2011	Active	NO
45	U70102MH2007PTC173996	VULCAN DEVELOPERS PRIVATE LIMITED	Director	11/09/2007	11/09/2007	-	Active	NO
46	U45400MH2008PTC178625	ENIGMA CONSTRUCTIONS PRIVATE LIMITED	Director	07/02/2008	07/02/2008	-	Active	NO
47	U45400MH2008PTC178624	PARADIGM BUILDERS PRIVATE LIMITED	Director	07/02/2008	07/02/2008	25/02/2011	Amalgamated	NO
48	U70102MH2008PTC177657	PANCHGANI REAL ESTATE PRIVATE LIMITED	Director	08/02/2008	08/02/2008	25/02/2011	Amalgamated	NO
49	U45400MH2008PTC177672	MANPRIT REAL ESTATE PRIVATE LIMITED	Director	08/02/2008	08/02/2008	16/03/2011	Active	NO
50	U70102MH2008PTC178824	IMPERIAL INFRADEVELOPERS PRIVATE LIMITED	Director	12/02/2008	12/02/2008	25/02/2011	Active	NO
51	U45203MH2008PTC178835	DYNASTY INFRABUILDERS PRIVATE LIMITED	Director	13/02/2008	13/02/2008	25/02/2011	Active	NO
52	U80301MH2008PTC179884	RUSTOMJEE KNOWLEDGE CITY PRIVATE LIMITED	Director	08/03/2008	08/03/2008	-	Amalgamated	NO
53	U45203MH2008PTC180638	KINGMAKER DEVELOPERS PRIVATE LIMITED	Director	31/03/2008	31/03/2008	21/10/2010	Active	NO
54	U45200MH2008PTC180637	INTACT BUILDERS PRIVATE LIMITED	Director	31/03/2008	31/03/2008	21/10/2010	Active	NO
55	U45200MH2008PTC180636	PRIMA BUILDERS PRIVATE LIMITED	Director	31/03/2008	31/03/2008	16/03/2011	Active	NO
56	U45203MH2008PTC180785	DREAMZ DWELLERS PRIVATE LIMITED	Director	03/04/2008	03/04/2008	16/03/2011	Active	NO
57	U45200MH2008PTC180773	APEX INFRAPROJECTS PRIVATE LIMITED	Director	03/04/2008	03/04/2008	24/12/2010	Active	NO
58	U45200MH2008PTC180772	AMAZE BUILDERS PRIVATE LIMITED	Director	03/04/2008	03/04/2008	21/10/2010	Active	NO
59	U45202MH2008PTC184015	RUSTOMJEE BUILDCON PRIVATE LIMITED	Director	26/06/2008	26/06/2008	-	Active	NO
60	U80900MH2007PTC173321	Rustomjee Academy For Global Careers Private Limited	Director	30/09/2013	17/10/2012	-	Active	NO

Name :

Mr. Abhishek Nirankar Kapoor

Designation :

Director

Address :

603 Silver Arch Apartments, Shastrinagar, Near Lokhandwala, Andheri (West), Mumbai – 400 053, Maharashtra, India

Date of Birth/Age :

22.04.1980

Date of Appointment :

31.03.2011

DIN No.:

03456820

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	Company/ LLP Status	Defaulting status
1	U45200MH2007PTC169946	RIVERSTONE DEVELOPERS PRIVATE LIMITED	Director	30/09/2011	15/03/2011	Active	NO
2	U45200MH2007PTC172988	TOWN & COUNTRY REALTY PRIVATE LIMITED	Director	29/09/2011	15/03/2011	Active	NO
3	U45202MH2007PTC173370	CHARISMA DEVELOPERS PRIVATE LIMITED	Director	26/09/2011	15/03/2011	Active	NO
4	U45200MH2003PTC140091	KAPSTONE CONSTRUCTIONS PRIVATE LIMITED	Director	26/09/2011	31/03/2011	Active	NO

KEY EXECUTIVES

Name :	Ms. Dipti Nirmal Mehra
Designation :	Secretary
Address :	Owners Court, Flat No.12, Mogul Lane, Mahim, Mumbai – 400 016, Maharashtra, India
Date of Birth/Age :	16.08.1989
Date of Appointment :	15.06.2012
PAN No.:	ASIPM1017B

Name :	Mr. Paresh Pathak
Designation :	Assistant Account Manager

MAJOR SHAREHOLDERS

AS ON 12.12.2012

Names of Equity Shareholders		No. of Shares
Keystone Realtors Private Limited, India		4209999
Boman Irani		1

Total		4210000

Names of Preference Shareholders		No. of Shares
Keystone Realtors Private Limited, India		10000

Total		10000

Equity Share Break up (Percentage of Total Equity)

AS ON 12.12.2012

Category	Percentage
Bodies corporate	99.99
Directors or relatives of Directors	0.01

Total	100.00

BUSINESS DETAILS

Line of Business :

The Company is engaged in the development of property.

GENERAL INFORMATION

No. of Employees :

170 (Approximately)

Bankers :

· ICICI Bank Limited, ICICI Bank Towers, Bandra Kurla Complex, Mumbai – 400 051, Maharashtra, India

· ICICI Bank Limited, Lanmakrace Cource Circle, Alkapuri, Baroda – 390 015, Gujarat, India

Facilities :

SECURED LOANS	31.03.2013 Rs. In Millions	31.03.2012 Rs. In Millions
Short Term Borrowings
Rupee Term Loans from Banks	3051.346	1258.586
Other External Commercial Borrowings	4.322	5.940
Other Loans and Advances	2.201	4.759

Total	3057.869	1269.285


Banking Relations :	--

Auditors :
Name :	B S R and Company Chartered Accountants
Address :	1^st Floor, Lodha Excelus, Apollo Mills Compound, N M Joshi Marg. Mahalaxmi, Mumbai – 400 011, Maharashtra, India
PAN No.:	AAIFB0630K

Holding Company :	Keystone Realtors Private Limited [U45200MH1995PTC094208]

Fellow Subsidiary Company :	· Rustomjee Constructions Private Limited [U45200MH2007PTC168509] · Suranjan Holding and Estate Development Private Limited [U99999MH1995PTC088867] · Credence Property Developers Private Limited [U70100MH1996PTC096712] · Rustomjee Realty Private Limited [U70100MH2003PTC140087] · Nouveau Developers Private Limited [U45400MH2007PTC169945] · Panchgani Real Estate Private Limited [U70102MH2008PTC177657]

Enterprises which are owned, or have significant influence of or are partners with Key Management Personnel and their Relatives :	· Premium Build Tech Private Limited · Rus tomjee Evershine Joint Venture · Rustomjee Buildcon Private Limited [U45202MH2008PTC184015] · Yazarina Estates And Investments Private Limited [U70101MH1985PTC036860]

CAPITAL STRUCTURE

AS ON 12.12.2012

Authorised Capital :

No. of Shares	Type	Value	Amount

5000000	Equity Shares	Rs.10/- each	Rs.50.000 Millions
902000	Preference Shares	Rs.1000/- each	Rs.902.000 Millions

	Total		Rs.952.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

4210000	Equity Shares	Rs.10/- each	Rs.42.100 Millions
10000	Preference Shares	Rs.1000/- each	Rs.10.000 Millions

	Total		Rs.52.100 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	52.100	52.100	952.000
(b) Reserves & Surplus	(701.870)	(549.104)	(602.482)
(c) Money received against share warrants	0.000	0.000	0.000

(2) Share Application money pending allotment	0.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	(649.770)	(497.004)	349.518

(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	550.732
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	0.000	0.000	6.197
(d) long-term provisions	8.442	0.090	0.158
Total Non-current Liabilities (3)	8.442	0.090	557.087

(4) Current Liabilities
(a) Short term borrowings	3971.365	1398.401	464.470
(b) Trade payables	234.351	265.028	158.781
(c) Other current liabilities	2774.167	1959.889	2222.891
(d) Short-term provisions	24.682	30.204	24.291
Total Current Liabilities (4)	7004.565	3653.522	2870.433

TOTAL	6363.237	3156.608	3777.038

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	94.173	73.275	78.255
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.000	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	83.368	75.351	956.607
(e) Other Non-current assets	63.861	164.890	10.990
Total Non-Current Assets	241.402	313.516	1045.852

(2) Current assets
(a) Current investments	0.000	0.000	264.939
(b) Inventories	2676.724	1743.416	2013.200
(c) Trade receivables	57.624	150.975	20.635
(d) Cash and cash equivalents	1273.328	158.269	280.341
(e) Short-term loans and advances	2048.763	774.706	134.393
(f) Other current assets	65.396	15.726	17.678
Total Current Assets	6121.835	2843.092	2731.186

TOTAL	6363.237	3156.608	3777.038

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income			740.080
		Other Income			68.444
		TOTAL	1183.002	2106.802	808.524

Less	EXPENSES
		TOTAL	1335.768	2046.433	1111.680

	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		(152.766)	60.369	(303.156)

Less	FINANCIAL EXPENSES		0.000	0.000	99.143

	PROFIT/(LOSS) BEFORE TAX		(152.766)	60.369	(402.299)

Less	TAX		0.000	6.991	0.000

	PROFIT/(LOSS) AFTER TAX		(152.766)	53.378	(402.299)

	Earnings Per Share (Rs.)		(36.20)	NA	NA

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	(12.91)	2.53	49.76

Net Profit Margin (PBT/Sales)	(%)	NA	NA	54.36

Return on Total Assets (PBT/Total Assets}	(%)	(2.40)	1.91	(10.65)

Return on Investment (ROI) (PBT/Networth)		(0.24)	(0.12)	1.15

Debt Equity Ratio (Total Debt /Networth)		6.11	2.81	2.90

Current Ratio (Current Asset/Current Liability)		0.87	0.78	0.95

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 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	No

FINANCIAL OVERVIEW:

The total income of subject for Financial Year ended on 31st March, 2013 stood at Rs.1183.003 Millions. Subject recorded a net loss after tax of Rs.152.766 Millions for the year as against the net profit after tax of Rs.533.378 Millions for the previous Financial Year.

NOTE: Registered office address of the company has been shifted from JMC House, 3^rd Floor, Bisleri Compound, Western Express Highway, Andheri (East), Mumbai, Maharashtra, India to the present office address w.e.f. 15.10.2010

UNSECURED LOANS:

Particulars	31.03.2013 Rs. In Millions	31.03.2012 Rs. In Millions
Short Term Borrowings
Intercorporate Deposits	913.496	129.116

Total	913.496	129.116

INDEX OF CHARGE:

Sr. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10316765	25/09/2013 *	5,100,000,000.00	ICICI BANK LIMITED	LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA	B85547164
2	10299054	27/06/2011	2,100,000,000.00	IL & FS TRUST COMPANY LIMITED	IL & FS FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRA, KURLA COMPLEX BANDRA EAST, MUMBAI, MAHARASHTRA - 400051, INDIA	B17622093
3	10299173	27/06/2011	1,000,000,000.00	IL & FS TRUST COMPANY LIMITED	IL & FS FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRA , KURLA COMPLEX BANDRA EAST, MUMBAI, MAHARASHTRA - 400051, INDIA	B17664699
4	10125812	19/09/2008 *	250,000,000.00	STATE BANK OF INDIA	BANDRA KURLA COMPLEX BRANCH, C/6, G. BLOCK, MUM BAI, MAHARASHTRA - 400051, INDIA	A49265564

* Date of charge modification

FIXED ASSETS:

· Plant and Machinery

· Furniture and Fixture

· Vehicle

· Office Equipments

· Computer

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.62.18
UK Pound	1	Rs.103.38
Euro	1	Rs.85.09

INFORMATION DETAILS

Information Gathered by :	SVA

Report Prepared by :	NKT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	2
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	--
--LIQUIDITY	1~10	2
--LEVERAGE	1~10	2
--RESERVES	1~10	--
--CREDIT LINES	1~10	--
--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		15

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.

(12.91)

NA

(2.40)

(0.24)

6.11

0.87

Unit