MIRA INFORM REPORT

Report Date :

18.06.2014

IDENTIFICATION DETAILS

Name :	MITSUBISHI ELEVATOR ETA INDIA PRIVATE LIMITED
Registered Office :	Chennai Citi Centre, 5th Floor, 10 and 11, Dr. Radhakrishnan Salai, Mylapore, Chennai – 600004, Tamilnadu
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	24.08.2013
Com. Reg. No.:	18-087354
Capital Investment / Paid-up Capital :	Rs.49.000 Millions
CIN No.: [Company Identification No.]	U29300TN2012PTC087354
TAN No.: [Tax Deduction & Collection Account No.]	CHEM13980B
PAN No.: [Permanent Account No.]	AAICM1338G
Legal Form :	Private Limited Liability Company
Line of Business :	The company is engaged in providing services in relation to installing, repairing and maintaining of lifts, elevators and escalators.
No. of Employees :	Information denied by management

RATING & COMMENTS

MIRA’s Rating :

B (26)

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

Maximum Credit Limit :	USD 135000
Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Even though the company was incorporated on 24 February 2012, it has commenced its business operations from 1^st April 2013. It is having moderate track record. Mr. Samadhan, Financial Executive has provided very few information to us. As per available financial record of 2013, the company has incurred huge pre-operating expenses which resulting into accumulated losses recorded by the company. However, trade relations are improving. Business is active. Payment terms are unknown. The company can be considering for business dealings with some caution.

NOTES:

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

ECGC Country Risk Classification List – March 31, 2014

Country Name	Previous Rating (31.12.2013)	Current Rating (31.03.2014)
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

US investment bank Goldman Sachs has upgraded its outlook on Indian markets as it expects positive impact of the election cycle.

India’s economy may grow 4.7 % in the current financial year, lower than the official estimate of 4.9 %, Fitch Rating said. The global rating agency expects the economy to pick up in the next two financial years.

Global ratings agency Standard & Poor said increasing focus by India Inc on lowering debt is likely to improve their credit profiles.

Singapore (1.1 million Indian tourists in 2012), Thailand (one million), the United Arab Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred holidays hotspots for Indians. The total figure is expected to increase to 1.93 million by 2017, according to the latest Eurmonitor international report.

There is a $29.34 bn outward foreign direct investment by domestic companies between April and January of 2013/14 which has seen some signs of recovery according to a Care Ratings report.

There are 264 number of new companies being set up every day on average during 2014. Most of them are registered in Mumbai. India had 1.38 million registered companies at the end of January, 2014.

Twitter like messaging service Weibo Corporation has filed to raise $ 500 million via a US initial public offering. Alibaba, which owns a stake in Weibo is expected to raise about $ 15 billion New York this year in the highest profile Internet IPO since Facebook’s in 2012.

Bharti Airtel has raised Rs.2453.2 crore (350 million Swiss Francs) by selling six-year bonds at a coupon rate of three per cent and maturing in 2020. This is the largest ever bond offering by an Indian company in Swiss Francs. Bharat Petroleum Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98 % coupon rate in February.

Indian Oil Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex at its almost complete Paradip refinery in Odhisha in three to four years. The company board is set to consider the setting up of a 700000 tonne per annum polypropylene plant at an estimated cost at Rs.3150 crore.

Global chief information officers at gathering in Bangalore in April to meet Indian startups at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in the making.

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 (PARTIAL DETAILS)

Name :	Mr. Samadhan
Designation :	Finance Executive
Contact No.:	91-22-61177222
Date :	17.06.2014

LOCATIONS

Registered Office :	Chennai Citi Centre, 5th Floor, 10 and 11, Dr. Radhakrishnan Salai, Mylapore, Chennai – 600004, Tamilnadu, India
Tel. No.:	91-44-28477373 / 28477370
Fax No.:	91-44-28477374
E-Mail :	venkatraman.kp@mitsubishielevator.in saranath@etamelco.com yukihide.sanada@mitsubishicorp.com
Branch Office :	Located At Andheri, Mumbai, Maharashtra, India

DIRECTORS

As on 12.09.2013

Name :

Masahito Endo

Designation :

Director

Address :

# 706, Shatore Aishi Inazaw Hill, 74 Otsubocho, Inokuchi, Inazawa City, Aichi – 4928164, Japan

Date of Birth/Age :

21.04.1961

Date of Appointment :

29.08.2012

DIN No.:

05264985

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	U29300TN2012PTC087354	Mitsubishi Elevator ETA India Private Limited	Managing director	29/08/2012	24/08/2012	-	Active	NO

Name :

Mr. Abdul Qadir

Designation :

Director

Address :

8 Subba Roa Avenue, III Street, Chennai – 600006, Tamilnadu, India

Date of Birth/Age :

14.03.1965

Date of Appointment :

24.08.2012

DIN No.:

00249574

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	U63032TN1993PLC026045	WEST ASIA MARITIME LIMITED	Managing director	20/11/2011	22/07/1994	-	Active	NO
2	U35111TN1996PLC034203	E.C. SHIP MANAGEMENT COMPANY LIMITED	Director	18/01/1996	18/01/1996	-	Active	NO
3	U52599TN1997PTC037547	COASTAL ENERGY PRIVATE LIMITED	Director	18/02/1997	18/02/1997	12/09/2011	Active	NO
4	U65993TN1999PTC041716	FOUR M MARITIME PRIVATE LIMITED	Director	11/01/1999	11/01/1999	-	Active	NO
5	U51102TN1995PLC031016	EAST COAST CONSTRUCTIONS AND INDUSTRIES LIMITED	Director	17/06/1999	17/06/1999	-	Active	NO
6	U40101TN1999PTC043256	ETA POWER GEN PRIVATE LIMITED	Whole-time director	23/11/2012	30/09/1999	-	Active	NO
7	U31300TN1959PLC003987	OMEGA CABLES LIMITED	Director	30/06/2000	30/06/2000	-	Active	NO
8	U29308PY1999PTC001499	ETA GENERAL PRIVATE LIMITED	Director	09/11/2000	09/11/2000	-	Active	NO
9	U45201TN1996PLC035949	ETA PORT OPERATIONS AND RAPID TRANSPORT SYSTEM LIMITED	Director	22/03/2002	22/03/2002	-	Active	NO
10	U71210TN1996PTC034850	CRESCENT AUTO RENTAL SERVICES INDIA PRIVATE LIMITED	Director	03/03/2003	03/03/2003	-	Active	NO
11	U52609TN1995PTC033626	CRESCENT AUTO REPAIRS AND SERVICES INDIA PRIVATE LIMITED	Director	03/03/2003	03/03/2003	-	Active	NO
12	U63012TN1998PLC040506	EAST COAST TERMINAL OPERATIONS AND PORT SERVICES LIMITED	Whole-time director	10/07/2003	10/07/2003	-	Active	NO
13	U18101TN1996PLC036220	ETA KARNATAKA ESTATES LIMITED	Director	24/03/2004	24/03/2004	15/06/2009	Active	NO
14	U70101TN2004PTC054748	A.R. Builders and Developers Private Limited	Director	29/11/2004	29/11/2004	27/09/2010	Active	NO
15	U45201TN2004PLC054879	ECCI INFO PARK LIMITED	Director	09/12/2004	09/12/2004	-	Active	NO
16	U70102TN2005PLC064766	ETA STAR PROPERTY DEVELOPERS LIMITED	Director	09/02/2006	09/02/2006	16/03/2009	Active	NO
17	U45200TN2006PTC061313	ETA STAR TECHCITY PRIVATE LIMITED	Director	28/09/2007	14/04/2007	16/03/2009	Active	NO
18	U70101TN2006PLC068045	ETA TECHNOPARK LIMITED	Director	14/06/2007	14/06/2007	-	Active	NO
19	U70101TN2008PTC067342	UH PROPERTY DEVELOPERS PRIVATE LIMITED	Director	15/04/2008	15/04/2008	-	Active	NO
20	U28920TN1995PTC065052	ETA-MELCO ENGINEERING COMPANY PRIVATE LIMITED	Director	17/06/2011	17/06/2011	-	Active	NO
21	U29300TN2012PTC087354	Mitsubishi Elevator ETA India Private Limited	Director	24/08/2012	24/08/2012	-	Active	NO
22	U40108TN2012PTC088422	SATTUR POWER PRIVATE LIMITED	Director	08/11/2012	08/11/2012	-	Active	NO
23	AAB-0125	MILLIARD SHIPBROKERS LLP	Designated Partner	12/07/2012	12/07/2012	-	Active	NO

Name :

Mr. Hameed Syed Salahupdin

Designation :

Director

Address :

No. 6, Wallace Garden, 1^st Street, Madaras – 600006, Tanilnadu, India

Date of Birth/Age :

01.10.1969

Date of Appointment :

24.08.2012

DIN No.:

01206917

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	U85110TN1995PLC064362	ETA CONSTRUCTIONS(INDIA) LIMITED	Director	03/11/1995	03/11/1995	04/08/2010	Active	NO
2	U28920TN1995PTC065052	ETA-MELCO ENGINEERING COMPANY PRIVATE LIMITED	Director	12/12/1995	12/12/1995	-	Active	NO
3	U51101TN1995PTC032017	P.N.S.GOLD MAHAL PRIVATE LIMITED	Director	25/12/1996	25/12/1996	-	Active	NO
4	U15125DL2000PTC107049	GIEX FOODS PRIVATE LIMITED	Director	28/07/2000	28/07/2000	05/07/2010	Amalgamated	NO
5	U29308PY1999PTC001499	ETA GENERAL PRIVATE LIMITED	Director	09/11/2000	09/11/2000	-	Active	NO
6	U74999TN1999PTC042015	ALTECH STAR SOLUTIONS PRIVATE LIMITED	Director	14/01/2001	14/01/2001	-	Active	NO
7	U45203KA2001PTC029266	ETA BUILDERS PRIVATE LIMITED	Director	12/07/2001	12/07/2001	15/06/2009	Active	NO
8	U40100MH2001PTC132525	JALKHERI POWER PRIVATE LIMITED	Director	16/07/2001	16/07/2001	-	Active	Yes
9	U70101TN2002PTC048436	MILKY WAY DEVELOPERS PRIVATE LIMITED	Director	11/02/2002	11/02/2002	-	Active	NO
10	U45202TN1996PTC051593	ETA PROPERTIES AND INVESTMENTS PRIVATE LIMITED	Director	16/09/2003	16/09/2003	-	Active	NO
11	U18101TN1996PLC036220	ETA KARNATAKA ESTATES LIMITED	Director	24/03/2004	24/03/2004	15/06/2009	Active	NO
12	U55101TN2004PTC054749	GENERAL STAR KITCHEN PRIVATE LIMITED	Director	24/11/2004	24/11/2004	-	Strike off	NO
13	U18101TN2005PTC055609	GIORDANO FASHIONS (INDIA) PRIVATE LIMITED	Director	09/03/2005	09/03/2005	-	Active	NO
14	U74999TN2006PTC058788	MODERN BUILDING MAINTENANCE PRIVATE LIMITED	Director	08/02/2006	08/02/2006	-	Strike off	NO
15	U29219TN2006PTC061535	ETA ELEVATOR INDUSTRIAL COMPANY PRIVATE LIMITED	Director	17/11/2006	17/11/2006	-	Strike off	NO
16	U40109TN2007GAT063827	STAR POWERGEN (INDIA) PRIVATE LIMITED	Director	06/06/2007	06/06/2007	-	Active	NO
17	U72900TN2007GAT063869	ETA STAR INFOTECH INDIA PRIVATE LIMITED	Director	07/06/2007	07/06/2007	25/11/2011	Active	NO
18	U70101TN2006PLC068045	ETA TECHNOPARK LIMITED	Director	12/06/2007	12/06/2007	01/08/2008	Active	NO
19	U45400DL2007PTC165757	ETA STAR INDIA PROJECTS PRIVATE LIMITED	Director	12/07/2007	12/07/2007	-	Active	NO
20	U70102TN2007PTC064239	STAR KODAI ESTATES PRIVATE LIMITED	Director	16/07/2007	16/07/2007	-	Active	NO
21	U31900TN2007PTC064280	ETA STAR APPLIANCES PRIVATE LIMITED	Director	19/07/2007	19/07/2007	-	Active	NO
22	U74140TN2007PTC064375	STAR ENVICON PROJECTS (INDIA) PRIVATE LIMITED	Director	03/08/2007	03/08/2007	-	Strike off	NO
23	U74900TN2007PTC064859	STAR SHIPYARD INDIA PRIVATE LIMITED	Director	24/09/2007	24/09/2007	-	Active	Yes
24	U29299TN2008PTC066518	ETA STAR POWER CONTROL SYSTEMS PRIVATE LIMITED	Director	19/02/2008	19/02/2008	-	Active	NO
25	U70200TN2008PTC066517	PRIME SMS REALTORS PRIVATE LIMITED	Director	19/02/2008	19/02/2008	-	Active	NO
26	U40109MH2008PTC179550	UMJUAT HYDRO POWER PRIVATE LIMITED	Director	28/02/2008	28/02/2008	-	Active	NO
27	U40105MH2008PTC179663	UMDUNA HYDRO POWER PRIVATE LIMITED	Director	04/03/2008	04/03/2008	-	Active	NO
28	U51505TN2008PTC067433	ETA STAR ENGINEERING PROJECTS PRIVATE LIMITED	Director	22/04/2008	22/04/2008	-	Active	NO
29	U60232TN2008PTC067508	PRIME SMS LOGISTICS PRIVATE LIMITED	Director	25/04/2008	25/04/2008	-	Active	NO
30	U15543TN2008PTC067516	SMS AQUA PRIVATE LIMITED	Director	28/04/2008	28/04/2008	-	Strike off	NO
31	U72900TN2008PTC067560	STAR PORTAL PRIVATE LIMITED	Director	30/04/2008	30/04/2008	-	Active	NO
32	U45200TN2008PTC067967	SANRIF PROPERTY DEVELOPERS PRIVATE LIMITED	Director	29/05/2008	29/05/2008	-	Active	NO
33	U51909TN2008PTC068462	SMS IRON AND STEEL PRIVATE LIMITED	Director	04/07/2008	04/07/2008	-	Under Process of Striking off	NO
34	U45400DL2008PTC179837	EAGLE HUNTER MBM FACILITY MANAGEMENT PRIVATE LIMITED	Director	30/09/2009	05/05/2009	-	Active	NO
35	U74990TN2009PTC072923	COMSOL ENERGY PRIVATE LIMITED	Director	15/09/2009	15/09/2009	-	Active	NO
36	U11100DL2009PTC197495	HSR PRIME ENGINEERING PRIVATE LIMITED	Director	31/12/2009	31/12/2009	-	Under Process of Striking off	NO
37	U72900TN2006PTC061269	ALTECH STAR BPO PRIVATE LIMITED	Director	25/02/2010	25/02/2010	-	Active	NO
38	U74999TN2010PTC075420	ME ACCOUNTING AND FINANCIAL SERVICES PRIVATE LIMITED	Director	21/04/2010	21/04/2010	-	Active	NO
39	U14109GJ2010PTC060451	EARTHLINK INDUSTRIES (INDIA) PRIVATE LIMITED	Director	28/04/2010	28/04/2010	-	Active	NO
40	U45400TN2010PTC078404	PRIMESTAR ENGINEERING AND CONSTRUCTION PRIVATE LIMITED	Director	10/12/2010	10/12/2010	-	Active	NO
41	U45208TN2010PTC078444	PRIME SMS ENGINEERING AND CONSTRUCTION PRIVATE LIMITED	Director	14/12/2010	14/12/2010	-	Active	NO
42	U74900TN2008PTC069278	KITCHEN HOUSE APPLIANCES PRIVATE LIMITED	Director	26/09/2011	18/01/2011	-	Active	NO
43	U80221TN2006PTC089525	ALPHA STAR TRADING PRIVATE LIMITED.	Director	28/09/2011	18/01/2011	-	Active	NO
44	U29306TN2009PTC072599	PRIME REFRIGERATION PRIVATE LIMITED	Director	26/09/2011	18/01/2011	-	Active	NO
45	U63020TN2008PTC067894	PRIME COLD STORES PRIVATE LIMITED	Director	26/09/2011	18/01/2011	-	Active	NO
46	U52335TN2007PTC065209	DEBBAS PRIME SOLUTIONS PRIVATE LIMITED	Director	26/09/2011	18/01/2011	22/02/2012	Active	NO
47	U34100TN2008PTC066602	ETA STAR WESTERN AUTO PARTS CENTRE PRIVATE LIMITED	Director	30/09/2011	21/02/2011	-	Under Process of Striking off	NO
48	U24131TN2007PTC062156	ETA Star Western Auto Private Limited	Director	30/09/2011	21/02/2011	-	Active	NO
49	U74900TN2008PTC069854	WESTERN AUTO RACE PRIVATE LIMITED	Director	30/09/2011	21/02/2011	-	Under Process of Striking off	NO
50	U65921TN2011PTC079294	PRIMETECH HOLDINGS PRIVATE LIMITED	Director	22/02/2011	22/02/2011	-	Active	NO
51	U45200DL2011PTC218590	UNISTAR INTERNATIONAL ENGINEERING AND CONSTRUCTION PRIVATE LIMITED	Director	04/05/2011	04/05/2011	-	Active	NO
52	U45400TN2011PTC080962	PRIME SNJ ENGINEERING AND CONSTRUCTION PRIVATE LIMITED	Director	07/06/2011	07/06/2011	-	Strike off	NO
53	U51909HR2011PTC043412	SBA ORE AND MINERALS PRIVATE LIMITED	Director	23/02/2013	14/07/2011	-	Active	NO
54	U40108TN2011PTC082257	PRIME SMS POWER PRIVATE LIMITED	Director	08/09/2011	08/09/2011	-	Active	NO
55	U31401TN2012PTC084001	ELTECH APPLIANCES PRIVATE LIMITED	Director	16/01/2012	16/01/2012	-	Active	NO
56	U29300TN2012PTC087354	Mitsubishi Elevator ETA India Private Limited	Director	24/08/2012	24/08/2012	-	Active	NO
57	U63040TN2007PTC061924	STAR DESTINATION MANAGEMENT COMPANY PRIVATE LIMITED	Director	10/05/2013	10/05/2013	-	Active	NO
58	U41000DL2013PTC252665	ALTIS INTERNATIONAL PRIVATE LIMITED	Director	24/05/2013	24/05/2013	19/02/2014	Active	NO
59	U65922TN2013PTC091583	ALBA INVESTMENTS & HOLDINGS INDIA PRIVATE LIMITED	Director	11/06/2013	11/06/2013	-	Active	NO

Name :

Mr. Kaniahamed Meeran Abdul Azees Thangameeran Mohamed

Designation :

Director

Address :

Hazi Azeez Villa, 29 M N P Sannadhi Street Pattai, Tirunelveli – 627004, Tamimlnadu, India

Date of Birth/Age :

06.03.1959

Date of Appointment :

24.08.2012

DIN No.:

02442999

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	U24111TN1980PLC008156	VAIGHAI CHEMICAL INDUSTRIES LIMITED	Director	03/09/2006	03/09/2006	18/08/2010	Active	NO
2	U51101TN2008PLC065921	VAIGHAI FINETEX LIMITED	Director	02/11/2009	02/11/2009	-	Active	NO
3	U15132TN2010PLC074539	VAIGHAI AGRO PRODUCTS LIMITED	Director	24/08/2011	09/10/2010	-	Active	NO
4	U28920TN1995PTC065052	ETA-MELCO ENGINEERING COMPANY PRIVATE LIMITED	Alternate director	15/10/2012	01/01/2011	-	Active	NO
5	U29150TN2008PTC068307	ETA STAR ELEVATORS PRIVATE LIMITED	Director	30/09/2011	29/01/2011	-	Active	NO
6	U65993TN1994PTC029585	ALLIED INVESTMENTS AND HOUSING PRIVATE LIMITED	Additional director	19/12/2011	19/12/2011	-	Active	NO
7	U29300TN2012PTC087354	Mitsubishi Elevator ETA India Private Limited	Director	24/08/2012	24/08/2012	-	Active	NO
8	U74999TN2013PTC091872	ETA MELCO Techno Services Private Limited	Director	27/06/2013	27/06/2013	-	Active	NO

Name :

Takeshi Arai

Designation :

Director

Address :

1-12-8, Lexle Plaza, Mnami-Gyotoku, #914, Hiroo 2720138, Japan

Date of Birth/Age :

15.09.1962

Date of Appointment :

24.08.2012

DIN No.:

05337408

Name :

Masanobu Matsuhashi

Designation :

Director

Address :

3-30-10, Commore Shitsu Uenohara City, Yamanashi – 4090121, Japan

Date of Birth/Age :

11.05.1956

Date of Appointment :

01.11.2012

DIN No.:

06444948

Name :

Tomoo Yoshikawa

Designation :

Director

Address :

309 Leaf Court, Shib-Toshin 2-3-4, Hatagya, Dhibuya-Ku, Tokyo – 15520072, Japan

Date of Birth/Age :

17.12.1962

Date of Appointment :

12.09.2013

DIN No.:

06665363

KEY EXECUTIVES

Name :	Mr. Samadhan
Designation :	Finance Executive

MAJOR SHAREHOLDERS

As on 12.09.2013

Names of Shareholders	No. of Shares	% of Holding
ETA Ascon Holding LLC. Dubai	5067	45.00
Mitsubishi Electric Corporation, Japan	4504	40.00
Mitsubishi Corporation, Japan	1126	10.00
Mitsubishi Electric Building Techno Service Company Limited, Japan	563	5.00
Total	11260	100.00

Equity Share Break up (Percentage of Total Equity)

As on 12.09.2013

Category	Percentage
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

The company is engaged in providing services In relation to installing, repairing and maintaining of lifts, elevators and escalators.

GENERAL INFORMATION

No. of Employees :	Information denied by management
Bankers :	Not Divulged

Banking Relations :	--
Auditors :
Name :	B S R and Associates Chartered Accountants
Address :	No. 10, Mahatma Gandhi Road, Nungambakkam, Chennai – 600034, Tamilnadu, India
Tel. No.:	91-44-39185000
Fax No.:	91-44-39145999
PAN No.:	AAKFB1884H
Associates :	Mitsubishi Electric Corporation, Japan Mitsubishi Corporation, Japan Mitsubishi Electric Building Techno Service Company Limited ETA Ascon Holdings LLC, Dubai

CAPITAL STRUCTURE

As on 12.09.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
125000	Equity Shares	Rs.4900/- each	Rs.612.500 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
11260	Equity Shares	Rs.4900/- each	Rs.55.174 Millions

As on 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
125000	Equity Shares	Rs.4900/- each	Rs.612.500 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Rs.4900/- each	Rs.49.000 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	49.000
(b) Reserves & Surplus	(15.301)
(c) Money received against share warrants	0.000
(2) Share Application money pending allotment	0.000
Total Shareholders’ Funds (1) + (2)	33.699
(3) Non-Current Liabilities
(a) long-term borrowings	0.000
(b) Deferred tax liabilities (Net)	0.000
(c) Other long term liabilities	0.000
(d) long-term provisions	0.000
Total Non-current Liabilities (3)	0.000
(4) Current Liabilities
(a) Short term borrowings	0.000
(b) Trade payables	15.780
(c) Other current liabilities	37.989
(d) Short-term provisions	0.000
Total Current Liabilities (4)	53.769
TOTAL	87.468
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	7.407
(ii) Intangible Assets	0.210
(iii) Capital work-in-progress	0.000
(iv) Intangible assets under development	0.000
(b) Non-current Investments	0.000
(c) Deferred tax assets (net)	0.000
(d) Long-term Loan and Advances	0.815
(e) Other Non-current assets	0.000
Total Non-Current Assets	8.432
(2) Current assets
(a) Current investments	0.000
(b) Inventories	0.000
(c) Trade receivables	18.617
(d) Cash and cash equivalents	50.438
(e) Short-term loans and advances	9.981
(f) Other current assets	0.000
Total Current Assets	79.036
TOTAL	87.468

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2013
	GROSS INCOME FROM OPERATIONS	19.680
	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	(15.590)
Less	DEPRECIATION/ AMORTISATION	0.290
	PROFIT/(LOSS) BEFORE TAX	(15.300)
Less	TAX	0.000
	PROFIT/(LOSS) AFTER TAX	(15.300)
	EARNINGS IN FOREIGN CURRENCY	18.577
	Earnings Per Share (Rs.)	(1530.03)

KEY RATIOS

PARTICULARS	31.03.2013
Debt Equity Ratio (Total Debt /Networth)	0.00
Current Ratio (Current Asset/Current Liability)	1.47

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	No
9]	Name of person contacted	No
10]	Designation of contact person	Yes
11]	Turnover of firm for last one year	Yes
12]	Profitability for last one year	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	No
24]	Banking facility details	No
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

COMPANY OVERVIEW:

The company was incorporated on 24 August 2012 as a private limited comply under the provision of the companies Act. 1956. The company is primarily engaged in providing services In relation to installing, repairing and maintaining of lifts, elevators and escalators.

PERFORMANCE

Member mat observe from the financial result that the net loss from operation of the company is Rs.15.300 Millions this loss is mainly due to preparative expenses and business operations was commenced after completion after completion of business transfer on 1^st April 2014.

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.60.37
UK Pound	1	Rs.102.48
Euro	1	Rs.81.87

INFORMATION DETAILS

Information Gathered by :	PDT
Analysis Done by :	KAR
Report Prepared by :	VNT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	NO
--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		26

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.