MIRA INFORM REPORT

Report Date :

30.07.2014

IDENTIFICATION DETAILS

Name :	P AND M INFRASTRUCTURES LIMITED
Registered Office :	201, A and B, Abhishek, Off New Link Road, Andheri (West), Mumbai-400053, Maharashtra
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	05.11.1981
Com. Reg. No.:	11-025562
Capital Investment / Paid-up Capital :	Rs. 68.253 Millions
CIN No.: [Company Identification No.]	U85195MH1981PLC025562
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Developers of Mall Cum Multiplex.
No. of Employees :	28 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (32)

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

Maximum Credit Limit :	USD 830000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. There seems drastic dip in the sales turnover and profit of the company during 2013. The rating also takes into consideration related to concentration of revenue in a single property and in a few clients. However, Trade relations are reported to be fair. Business is active. Payment terms are reported to be slow but correct. The company can be considered for business dealing with some cautions.

NOTES :

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

ECGC Country Risk Classification List – March 31, 2014

Country Name	Previous Rating (31.03.2014)	Current Rating (01.06.2014)
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

N E W S

As per the latest IMF study, the total weigh of emerging markets in the GDP of the world on a purchasing power parity basis has seen a sizeable shift. It highlights how as against 51 % in 2005, the emerging economies now account for close to 56 % of the global purchasing power GDP as per the latest survey. And with the emerging economies growing at a faster rate than their developed counterparts, there are every possibility that the their share goes up further in the coming years.  China may surpass the US over the next few years.

Politics and economics are very intricately connected. They tend to influence each other in ways that could be very complex and far-reaching. The prospects of the India’s economy have been seriously compromised due to political corruption. High inflation, poor standard of living are to a great extent a result of rampant corruption in the country. China on the other hand, seems to be facing diametrically opposite challenge. American hedge fund manager Jim Chanos has been keenly following the political and economic development in the dragon economy and has figured out something that is quite worrying. He is of the view that the Chinese economy could be heading toward trouble on account of new Chinese President Xi Jingping’s very aggressive anti-corruption drive. Chanos believes tat many things such as apartment sales, luxury products, etc. were largely bought with dirty money. And it is now beginning to impact consumption. This may indeed be bad news for an economy that is struggling to transition from an investment-driven export-oriented economy to a domestic consumption-driven economy.

A study published by Firstpost has revealed that asset classes like real estate and equities were the biggest beneficiaries of the liberalization policies.  A firm called Ciane Analytics studied returns from assets including equities, gold, fixed deposits, G-Secs and real estate since 1991. Real estate outperformed every other asset classes during the 23-year period with an annualized return of 20 % ! Equities came in second with annualized return of 15.5 % ! However, while these returns may seem mouthwatering, the fact is that the return from equities adjusted for inflation came down to just 7.1 %.

Some brief news are as under

. R-Power to buy Jaypee’s hydro assets

. Investors await justice in NSEL case

. India seeks MFN status from Pakistan ahead of meeting

. Ukrain’s clashes with rebels hinder MH17 crash investigation

. India exploring merger of state-owned hydro PSUs

..Higher costs weigh down profit growth to slowest in 9 quarters

..Wal-Mart to expand wholesale business in India

. GMR group moves to strengthen balance sheet

. Central Bank to sell 4 % stake to Life Insurance Corporation

. Tata Chemicals plans to raise up to Rs 10000 mn.

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	Long Term Rating = BB
Rating Explanation	Have moderate risk of default
Date	05.02.2014

RBI DEFAULTERS’ LIST STATUS

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

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

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

INFORMATION PARTED BY

Name :	Mr. Pappu Jha
Designation :	Accounts Executive
Contact No.:	91-22-67829800
Date :	28.07.2014

LOCATIONS

Registered Office :	201, A and B, Abhishek, Off New Link Road, Andheri (West), Mumbai-400053, Maharashtra, India
Tel. No.:	91-22-67829800
Fax No.:	91-22-26744243
E-Mail :	pappuj@pandmintra.com jhaprakash@hotmail.com
Website :	http://pandmintra.com
Location :	Owned
Regional Office :	47/B, Shadeo Mehto Marg, Sri Krishna Puri, Patna – 800001, Bihar, India
Tel. No.:	91-612 2540555 / 2540666
Mobile No.:	91-9386602505 9708551551 (Pankaj)
E-Mail :	pankajk@pandminfra.com
Corporate Office :	403-404, Abhishek Towers, Off New Link Road, Andheri (West), Mumbai – 400053, Maharashtra, India
E-Mail :	satishs@pandminfra.com
Site Address :	P&M Mall, Patliputra Kurji Road, Patliputra Industrial Area, Patna – 800014, Bihar, India
Tel. No.:	91-612 3260597 / 3260598

DIRECTORS

As on 30.09.2013

Name :

Ms. Disha Prakash Jha

Designation :

D 704, Brook Hill, Tower, 3rd X Lane, Lokhandwala Complex, Andheri (W), Mumbai-400053, Maharashtra, India 400053

Address :

Director

Date Of Birth/Age :

08.03.1988

Date Of Appointment :

07.012.2009

Din No.:

02863724

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	U45400MH2004PTC150299	HOLICOW INFRA PRIVATE LIMITED	Director	07-12-09	07-12-09	-	Active	NO
2	U92130MH2007PTC170952	MAURYA TV PRIVATE LIMITED	Director	07-12-09	07-12-09	08-12-09	Active	NO
3	U74910MH2008PTC187470	VAJRA HUMAN RESOURCE SERVICES PRIVATE LIMITED	Director	07-12-09	07-12-09	-	Strike off	NO
4	U85195MH1981PLC025562	P AND M INFRASTRUCTURES LIMTED	Director	07-12-09	07-12-09	-	Active	NO
5	U55101MH2008PTC184296	VIJAYATEJ HOSPITALITY PRIVATE LIMITED	Director	07-12-09	07-12-09	-	Active	NO
6	U74900MH2008PTC183158	PJP ESTATES PRIVATE LIMITED	Director	07-12-09	07-12-09	-	Active	NO
7	U15421MH2007PLC169032	MAURYA SUGAR LIMITED	Director	07-12-09	07-12-09	-	Active	NO
8	U74900MH2009PTC191046	ANGELJASMINE INVESTMENTS PRIVATE LIMITED	Director	01-10-10	01-10-10	-	Active	NO
9	U74120MH2011PTC222460	PRAKASH JHA PRODUCTIONS PRIVATE LIMITED	Director	27-09-11	27-09-11	-	Active	NO
10	U92490MH2004PTC149654	PJP RECORDING PRIVATE LIMITED	Director	24-09-12	24-09-12	-	Active	NO
11	AAC-1342	DRAMA KING ENTERTAINMENT LLP	Designated Partner	28-02-14	28-02-14	-	Active	NO

Name :

Mr. Chandir Gobind Gidwani

Designation :

Director

Address :

1202, Ocean View, Union Park, Opp. Hotel Pali Hill, Khar (West), Mumbai- 400052, Maharashtra, India

Date Of Birth/Age :

03.07.1964

Date Of Appointment :

15.07.2008

Din No.:

00011916

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	L65990MH1977PLC019986	CENTRUM CAPITAL LIMITED	Director	01-11-12	07-09-96	-	Active	NO
2	U74999MH1992PTC066170	BUSINESS MATCH SERVICES (INDIA) PRIVATE LIMITED	Director	20-03-97	20-03-97	-	Active	NO
3	U99999MH1987PTC042289	CENTRUM FISCAL PRIVATE LIMITED	Director	30-07-97	30-07-97	-	Active	NO
4	U65990MH1997PTC108868	SONCHAJYO INVESTMENTS AND FINANCE PRIVATE LIMITED	Director	31-07-97	31-07-97	-	Active	NO
5	U01110MH1997PTC109810	NANIKRAMI AGRO PRIVATE LIMITED	Director	01-08-97	01-08-97	-	Active	NO
6	U61100MH1996PTC102891	OCEAN EXPRESS PRIVATE LIMITED	Director	25-08-99	25-08-99	-	Active	NO
7	U60300MH1991PTC062022	CASBY GLOBAL AIR PRIVATE LIMITED	Director	21-03-02	21-03-02	-	Active	NO
8	U79326MH1998PTC117398	CASBY LOGISTICS PRIVATE LIMITED	Director	21-03-02	21-03-02	-	Active	NO
9	U74999MH2002PLC135720	EXPRESSIT LOGISTICS WORLDWIDE LIMITED	Nominee director	05-02-04	05-02-04	14-01-09	Active	NO
10	U65990MH1994PLC084098	RAP MEDIA LIMITED	Director	01-04-04	01-04-04	-	Active	NO
11	U67190MH1999PLC119009	CENTRUM DIRECT LIMITED	Director	21-06-04	21-06-04	06-05-08	Active	NO
12	U85195MH1981PLC025562	P AND M INFRASTRUCTURES LIMTED	Director	15-07-08	23-05-06	-	Active	NO
13	L92100MH1997PLC108981	PRIME FOCUS LIMITED	Director	28-09-07	24-01-07	12-08-11	Active	NO
14	U45200MH2007PTC169059	SKYLINE DEVELOPERS PRIVATE LIMITED	Director	22-03-07	22-03-07	01-10-10	Strike off	NO
15	U15421MH2007PLC169032	MAURYA SUGAR LIMITED	Director	22-03-07	22-03-07	-	Active	NO
16	U70102MH2007PTC171827	NANIKRAMI ESTATES PRIVATE LIMITED	Director	20-06-07	20-06-07	15-06-09	Active	NO
17	U45400MH2004PTC150299	HOLICOW INFRA PRIVATE LIMITED	Director	30-10-07	30-10-07	08-07-14	Active	NO
18	U74900MH2008PTC183158	PJP ESTATES PRIVATE LIMITED	Director	04-06-08	04-06-08	01-10-10	Active	NO
19	U55101MH2008PTC184296	VIJAYATEJ HOSPITALITY PRIVATE LIMITED	Director	04-07-08	04-07-08	01-10-10	Active	NO
20	U92100MH2007PLC175163	WALKWATER MEDIA LIMITED	Director	18-08-08	18-08-08	31-12-11	Active	NO
21	U55101MH2000PTC126970	OLIVE BAR AND KITCHEN PRIVATE LIMITED	Director	29-09-09	18-09-08	-	Active	NO
22	U55201MH2007PTC168603	SUSSEGADO BAR AND KITCHEN PRIVATE LIMITED	Director	29-09-09	11-02-09	-	Active	NO
23	U55101MH2007PTC171452	JOIE DE VIVRE RESTAURANT PRIVATE LIMITED	Director	29-09-09	27-02-09	16-10-13	Active	NO
24	U74140MH2008PTC185859	OASIS COUNSEL AND ADVISORY PRIVATE LIMITED	Director	24-04-09	24-04-09	10-07-13	Active	NO
25	U63040WB1988PLC044001	CLUB AND HOLIDAYS LTD	Director	30-09-10	20-07-10	-	Active	NO
26	U74140MH2010PTC198879	INDIA ALTERNATIVES INVESTMENT ADVISORS PRIVATE LIMITED	Director	30-09-11	05-07-11	04-04-14	Active	NO
27	U55209MH2009PTC189541	OLIVE CAFES SOUTH PRIVATE LIMITED	Director	29-09-12	22-06-12	-	Active	NO
28	U55101MH2008PTC178393	MOVING KITCHEN PRIVATE LIMITED	Director	29-09-12	23-07-12	-	Active	NO
29	U55201MH2009PTC189554	SOUL FRY BAR AND KITCHEN PRIVATE LIMITED	Director	29-09-12	23-07-12	-	Active	NO
30	U92412TG2013PTC085825	ROYALE THRILL VENTURES PRIVATE LIMITED	Additional director	02-04-13	02-04-13	-	Active	NO
31	U92490MH2010PLC199925	ADLABS ENTERTAINMENT LIMITED	Additional director	30-09-13	30-09-13	19-02-14	Active	NO
32	U92412MH2012PLC229369	PB LIFESTYLE LIMITED	Director	05-12-13	05-12-13	-	Active	NO

Name :	Mr. Manmohan Ramanna Shetty
Designation :	Director
Address :	21, Golden Beach, Ruia Park Raod, Juhu, Mumbai-400049, Maharashtra, India
Date Of Birth/Age :	24.02.1948
Date Of Appointment :	15.07.2008
Din No.:	00013961

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	U92114MH1980PTC023222	MAMANIA FILMS PRIVATE LIMITED	Director	01-10-80	01-10-80	28-04-09	Active	NO
2	L29299MH1987PLC045446	RELIANCE MEDIAWORKS LIMITED	Managing director	30-11-87	30-11-87	30-11-07	Active	NO
3	U65990MH1990PTC055265	ADLABS FINANCE PRIVATE LIMITED	Director	12-02-90	12-02-90	31-07-09	Strike off	NO
4	U92141MH2001PLC130394	WHISTLING WOODS INTERNATIONAL LIMITED	Director	31-07-01	31-07-01	-	Active	NO
5	U92132MH2001NPL132233	EARTH COMMUNICATIONS OFFICE-INDIA ASSOCIATION	Director	09-04-02	09-04-02	-	Active	NO
6	U92110MH1996PLC097159	ENTERTAINMENT ONE (INDIA) LIMITED	Director	08-11-02	08-11-02	31-10-07	Amalgamated	NO
7	L65990MH1977PLC019986	CENTRUM CAPITAL LIMITED	Director	31-12-12	09-05-03	-	Active	NO
8	U92114MH2003PLC142048	ADLABS MULTIPLEXES AND THEATRES LIMITED.	Director	04-09-03	04-09-03	31-10-07	Amalgamated	NO
9	U92132WB1985PLC038440	RDB TWO THOUSAND PLUS LTD	Director	17-12-03	17-12-03	01-04-11	Active	NO
10	U92110MH1998GAT116282	UNITED PRODUCERS FORUM	Director	21-09-05	21-09-05	-	Active	NO
11	U18101MH2005PTC153109	SHIRT COMPANY (INDIA) PRIVATE LIMITED	Director	18-02-06	18-02-06	03-05-09	Active	NO
12	U65993MH2006PLC162533	ESSEL-CENTRUM HOLDINGS LIMITED	Director	08-07-06	08-07-06	28-04-09	Active	NO
13	U85195MH1981PLC025562	P AND M INFRASTRUCTURES LIMTED	Director	15-07-08	28-02-07	-	Active	NO
14	U74140MH2007PTC168147	BUSSOLUTIONS CONSULTANCY SERVICES PRIVATE LIMITED	Director	20-04-07	20-04-07	-	Amalgamated	NO
15	U15421MH2007PLC169032	MAURYA SUGAR LIMITED	Director	31-08-07	31-08-07	28-03-11	Active	NO
16	U92190MH2007PLC175250	THRILL PARK LIMITED	Managing director	01-03-10	22-10-07	-	Active	NO
17	U45400MH2004PTC150299	HOLICOW INFRA PRIVATE LIMITED	Director	30-10-07	30-10-07	25-05-09	Active	NO
18	U45400MH2007PTC175247	WALKWATER PROPERTIES PRIVATE LIMITED	Director	21-11-07	21-11-07	02-01-12	Active	NO
19	U45400DL2007PLC169519	ALLIANCE LUMIERE LIMITED	Director	30-09-08	26-11-07	-	Active	NO
20	U92100MH2007PLC175163	WALKWATER MEDIA LIMITED	Director	24-06-13	05-01-08	-	Active	NO
21	U92100MH2007PTC177131	IROCK MEDIA PRIVATE LIMITED	Director	28-02-08	28-02-08	21-12-11	Active	NO
22	U92120MH2008PTC182284	VICTORY MOVING PICTURES PRIVATE LIMITED	Director	16-05-08	16-05-08	-	Strike off	NO
23	U74900MH2008PTC183158	PJP ESTATES PRIVATE LIMITED	Director	04-06-08	04-06-08	25-05-09	Active	NO
24	U55101MH2008PTC184296	VIJAYATEJ HOSPITALITY PRIVATE LIMITED	Director	04-07-08	04-07-08	25-05-09	Active	NO
25	U92490MH2010PLC199925	ADLABS ENTERTAINMENT LIMITED	Managing director	02-09-13	10-02-10	-	Active	NO
26	U92412TG2013PTC085825	ROYALE THRILL VENTURES PRIVATE LIMITED	Additional director	02-04-13	02-04-13	-	Active	NO

Name :	Mr. Raj Kumar Dubey
Designation :	Director
Address :	C-107, Kripal Apartments, I. P. Extension, Delhi-110092, Delhi, India
Date Of Birth/Age :	15.10.1969
Date Of Appointment :	24.07.2009
Din No.:	00144434

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	U72100DL2000PTC105811	INFONOX SOFTWARE PRIVATE LIMITED	Director	23-05-00	23-05-00	27-10-09	Active	NO
2	U64202DL2005PTC132676	CAMBRIDGE TELECOM PRIVATE LIMITED	Director	04-02-05	04-02-05	07-03-12	Active	NO
3	U74140DL2005PTC135437	D AND P LEGAL SERVICES PRIVATE LIMITED	Director	26-04-05	26-04-05	-	Active	NO
4	U72200DL2005PTC135510	SOLITAIRE SOFTEL PRIVATE LIMITED	Director	27-04-05	27-04-05	14-02-07	Active	NO
5	L17226UP1973PLC003746	BIL CONTINENTAL LIMITED	Director	25-06-05	25-06-05	-	Active	NO
6	U55102MH2007PTC168469	SIGNET HOTELS PRIVATE LIMITED	Director	08-03-07	08-03-07	10-05-11	Active	NO
7	U40300DL2007PTC164160	SIGNET SOLAR INDIA PRIVATE LIMITED	Director	27-11-08	31-05-07	-	Active	NO
8	U92412DL2008PTC175035	NIRVANA CREATIVE TELESOFTWARE SOLUTIONS PRIVATE LIMITED	Director	07-03-08	07-03-08	-	Active	NO
9	U45200DL2008FTC179441	SIGNET INFRATECH INDIA PRIVATE LIMITED	Director	12-06-08	12-06-08	22-09-09	Active	YES
10	U85195MH1981PLC025562	P AND M INFRASTRUCTURES LIMTED	Director	24-07-09	24-07-09	-	Active	NO
11	U40300DL2010PTC199256	TATVAA POWER PRIVATE LIMITED	Director	18-02-10	18-02-10	-	Active	NO
12	U45209DL2010PTC199255	TATVAA INFRASTRUCTURE PRIVATE LIMITED	Director	18-02-10	18-02-10	-	Active	NO
13	U40300DL2011PTC220712	AHAM URJA PRIVATE LIMITED	Director	10-06-11	10-06-11	-	Active	NO
14	U17100DL2011PTC226630	NIRVANA CTS PRIVATE LIMITED	Director	21-10-11	21-10-11	-	Active	NO

Name :	Mr. Prabhat Tejnath Jha
Designation :	Whole-Time Director
Address :	47 B, Sahadeo Mahato Marg, Shrikrishnpuri, Patna-800001, Bihar, India
Date Of Birth/Age :	28.12.1955
Date Of Appointment :	30.08.2006
Din No.:	01516927

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	U45400MH2004PTC150299	HOLICOW INFRA PRIVATE LIMITED	Director	30-12-04	30-12-04	08-07-14	Active	NO
2	U80302BR2006PTC012547	BIHAR INSTITUTE OF MANAGEMENT AND HUMAN RESOURCES DEVELOPMENT PRIVATE LIMITED	Director	18-07-06	18-07-06	-	Active	NO
3	U85195MH1981PLC025562	P AND M INFRASTRUCTURES LIMTED	Whole-time director	24-07-12	30-08-06	-	Active	NO
4	U45209BR2006PTC012659	BAILEY'S MALL AND MULTIPLEX PRIVATE LIMITED	Director	14-10-06	14-10-06	31-12-13	Active	NO
5	U15421MH2007PLC169032	MAURYA SUGAR LIMITED	Whole-time director	31-08-07	31-08-07	-	Active	NO
6	U15139MH2008PTC180311	NALANDA FOOD PRODUCTS PRIVATE LIMITED	Director	19-03-08	19-03-08	28-12-12	Strike off	NO
7	U74900MH2008PTC183158	PJP ESTATES PRIVATE LIMITED	Director	04-06-08	04-06-08	01-10-10	Active	NO
8	U55101MH2008PTC184296	VIJAYATEJ HOSPITALITY PRIVATE LIMITED	Director	04-07-08	04-07-08	01-10-10	Active	NO
9	U92130MH2007PTC170952	MAURYA TV PRIVATE LIMITED	Director	01-08-08	01-08-08	08-06-10	Active	NO
10	U01407BR2008PTC013929	SAMRIDHI AGRICON PRIVATE LIMITED	Director	16-09-08	16-09-08	-	Strike off	NO
11	U74910MH2008PTC187470	VAJRA HUMAN RESOURCE SERVICES PRIVATE LIMITED	Director	13-10-08	13-10-08	28-12-12	Strike off	NO

Name :	Mr. Prakash Tejnath Jha
Designation :	Director
Address :	D-704, Brook Hill Towers, 39, A/B, 3^rd Cross Road, Lokhandwala, Andheri (West), Mubai- 400053, Maharashtra, India
Date Of Birth/Age :	20.10.1953
Date Of Appointment :	13.03.2006
Din No.:	00271225

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	U45400MH2004PTC150299	HOLICOW INFRA PRIVATE LIMITED	Director	30-12-04	30-12-04	-	Active	NO
2	U85195MH1981PLC025562	P AND M INFRASTRUCTURES LIMTED	Director	13-03-06	13-03-06	-	Active	NO
3	U80302BR2006PTC012547	BIHAR INSTITUTE OF MANAGEMENT AND HUMAN RESOURCES DEVELOPMENT PRIVATE LIMITED	Director	18-07-06	18-07-06	-	Active	NO
4	U45209BR2006PTC012659	BAILEY'S MALL AND MULTIPLEX PRIVATE LIMITED	Director	20-09-06	20-09-06	31-12-13	Active	NO
5	U45200MH2007PTC169059	SKYLINE DEVELOPERS PRIVATE LIMITED	Director	22-03-07	22-03-07	-	Strike off	NO
6	U15421MH2007PLC169032	MAURYA SUGAR LIMITED	Managing director	01-12-08	22-03-07	-	Active	NO
7	U92130MH2007PTC170952	MAURYA TV PRIVATE LIMITED	Director	18-05-07	18-05-07	-	Active	NO
8	U15139MH2008PTC180311	NALANDA FOOD PRODUCTS PRIVATE LIMITED	Director	19-03-08	19-03-08	-	Strike off	NO
9	U74900MH2008PTC183158	PJP ESTATES PRIVATE LIMITED	Director	04-06-08	04-06-08	-	Active	NO
10	U55101MH2008PTC184296	VIJAYATEJ HOSPITALITY PRIVATE LIMITED	Director	04-07-08	04-07-08	-	Active	NO
11	U01407BR2008PTC013929	SAMRIDHI AGRICON PRIVATE LIMITED	Director	16-09-08	16-09-08	-	Strike off	NO
12	U74910MH2008PTC187470	VAJRA HUMAN RESOURCE SERVICES PRIVATE LIMITED	Director	13-10-08	13-10-08	-	Strike off	NO
13	U74900MH2009PTC191046	ANGELJASMINE INVESTMENTS PRIVATE LIMITED	Director	19-03-09	19-03-09	-	Active	NO
14	U85100BR2011PTC016551	BIHAR HEALTHCARE PRIVATE LIMITED	Director	08-02-11	08-02-11	-	Active	NO
15	U74120MH2011PTC222460	PRAKASH JHA PRODUCTIONS PRIVATE LIMITED	Director	27-09-11	27-09-11	-	Active	NO
16	U92490MH2004PTC149654	PJP RECORDING PRIVATE LIMITED	Director	24-09-12	24-09-12	-	Active	NO
17	AAA-1424	P&M AND HI TECH INFRASTRUCTURES LLP	Body corporate as Designated Partner	25-05-10	25-05-10	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Pappu Jha
Designation :	Accounts Executive

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2013

Names of Shareholders	No. of Shares
Manmohan Ramanna Shetty	2395665
Prakash Tejnath Jha	2395665
Pravin Nischal	266185
Chandir Gobind Gidwani	266185
Sonchajyo Investment and Finance Private Limited, India	1501556
Disha Prakash Jha	1
Sunil Agarwal	1
TOTAL	6825258

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2013

Category	Percentage
Bodies corporate	22.00
Directors or relatives of Directors	74.10
Other top fifty shareholders	3.90
Total	100.00

BUSINESS DETAILS

Line of Business :	Developers of Mall Cum Multiplex.
Terms :
Selling :	L/C and Credit
Purchasing :	L/C and Credit

GENERAL INFORMATION

No. of Employees :

28 (Approximately)

Bankers :

· State Bank of India, Specialised Commercial Branch (Code 4232), 3^rd Floor, Govind Bhawan, Dak Bunglow Road, Patna-800001, Bihar, India

· Punjab National Bank, MID Corporate Branch, Brady House. V. N. Road, Fort, Mumbai-400023, Maharashtra, India

Facilities :

SECURED LOAN

(Rs. In Millions)

Particulars	As on 31.03.2013	As on 31.03.2012
LONG TERM BORROWINGS
Rupee term loan from Banks	73.800	84.600
Total	73.800	84.600

Banking Relations :	---
Auditors :
Name :	R. M. Ajgaonkar and Associates Chartered Accountants
Address :	Mumbai, Maharshtra, India
Associates/Subsidiaries :	· Vajra Human Resource Service Private Limited · Maurya Sugar Limited · Bihar Institute of Management & HRD Private Limited · Maurya T.V. Private Limited · Sonchajyo Investments & Finance Private Limited · Holicow Pictures · PrakashJha Productions · Centrum Capital Limited · Angeljasmine Investments Private Limited · Nalanda Food Products Private Limited · Holicow Infra Private Limited · PJP Estates Private Limited · Vijayatej Hospitality Private Limited · Skyline Developers Private Limited · PJP Recording Private Limited · Bihar Healthcare Private Limited

CAPITAL STRUCTURE

As on 30.09.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
7000000	Equity Shares	Rs.10/- each	Rs. 70.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
6825258	Equity Shares	Rs.10/- each	Rs. 68.253 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	68.253	68.253	68.253
(b) Reserves & Surplus	140.607	122.318	62.240
(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)	208.860	190.571	130.493
(3) Non-Current Liabilities
(a) long-term borrowings	73.800	84.600	93.400
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	1.312	0.905	0.783
Total Non-current Liabilities (3)	75.112	85.505	94.183
(4) Current Liabilities
(a) Short term borrowings	284.878	283.226	291.716
(b) Trade payables	8.320	19.776	15.815
(c) Other current liabilities	43.418	51.944	283.168
(d) Short-term provisions	0.053	2.465	0.149
Total Current Liabilities (4)	336.669	357.411	590.848
TOTAL	620.641	633.487	815.524
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	264.624	268.662	65.700
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000	126.111
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	51.535	51.634	52.765
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	16.921	18.904	30.740
(e) Other Non-current assets	5.030	5.042	5.059
Total Non-Current Assets	338.110	344.242	280.375
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	193.486	196.739	402.976
(c) Trade receivables	15.556	10.213	3.255
(d) Cash and cash equivalents	9.397	16.562	31.149
(e) Short-term loans and advances	64.092	65.731	97.769
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	282.531	289.245	535.149
TOTAL	620.641	633.487	815.524

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	159.925	428.587	291.805
		Other Income	0.951	1.150	1.302
		TOTAL (A)	160.876	429.737	293.107
Less	EXPENSES
		Cost of Materials Consumed	26.557	253.878	264.452
		Exceptional Items	0.100	---	----
		Employees benefits expense	10.185	11.510	13.403
		Other expenses	85.053	58.160	11.939
		TOTAL (B)	121.895	323.548	289.794
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		38.981	106.189	3.313
Less	FINANCIAL EXPENSES (D)		15.612	27.471	6.093
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		23.369	78.718	(2.780)
Less/ Add	DEPRECIATION/ AMORTISATION (F)		5.080	4.991	0.464
	PROFIT BEFORE TAX (E-F) (G)		18.289	73.727	(3.244)
Less	TAX (H)		0.000	13.650	0.000
	PROFIT AFTER TAX (G-H) (I)		18.289	60.077	(3.244)
	Earnings Per Share (Rs.)		2.68	8.8	(0.48)

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	11.37	13.98	(1.11)
Net Profit Margin (PBT/Sales)	(%)	11.44	17.20	(1.11)
Return on Total Assets (PBT/Total Assets}	(%)	3.21	12.67	(0.51)
Return on Investment (ROI) (PBT/Networth)		0.09	0.39	(0.02)
Debt Equity Ratio (Total Debt /Networth)		1.72	1.93	2.95
Current Ratio (Current Asset/Current Liability)		0.84	0.81	0.91

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	68.253	68.253	68.253
Reserves & Surplus	62.240	122.318	140.607
Net worth	130.493	190.571	208.860
long-term borrowings	93.400	84.600	73.800
Short term borrowings	291.716	283.226	284.878
Total borrowings	385.116	367.826	358.678
Debt/Equity ratio	2.951	1.930	1.717

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	291.805	428.587	159.925
		46.874	(62.686)

NET PROFIT MARGIN

Net Profit Margin	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	291.805	428.587	159.925
Profit	(3.244)	60.077	18.289
	(1.11%)	14.02%	11.44%

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	Yes
20]	Export / Import details (if applicable)	No
21]	Market information	----------------------
22]	Litigations that the firm / promoter involved in	----------------------
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	----------------------
26]	Buyer visit details	----------------------
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

UNSECURED LOAN

(Rs. In Millions)

Particulars	As on 31.03.2013	As on 31.03.2012
SHORT TERM BORROWINGS
Inter Corporate Deposit	122.979	121.651
Deposit From Others	39.855	39.514
Loans and Advances from Others	117.177	117.194
Other Loans and Advances	4.867	4.867
Total	284.878	283.226

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10276274	05/03/2011	400,000,000.00	State Bank Of India	SPECIALISED COMMERCIAL BRANCH (CODE 4232), 3 RD F  LOOR, GOVIND BHAWAN, DAK BUNGLOW ROAD, PATNA - 800001, BIHAR, INDIA	B09259573
2	10157036	20/03/2014 *	149,200,000.00	State Bank of India	STATE BANK OF INDIA, 3RD FLOOR, GOVIND BHAWAN, DAK BUNGLOW ROAD, PATNA - 800001, BIHAR, INDIA	C02532794

* Date of charge modification

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. 66.10
UK Pound	1	Rs. 102.04
Euro	1	Rs. 80.73

INFORMATION DETAILS

Information Gathered by :	RSM
Analysis Done by :	PLK
Report Prepared by :	ASH

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	4
--LIQUIDITY	1~10	4
--LEVERAGE	1~10	3
--RESERVES	1~10	4
--CREDIT LINES	1~10	4
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	YES
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		32

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.