MIRA INFORM REPORT

Report Date :

24.03.2014

IDENTIFICATION DETAILS

Name :	GANNON DUNKERLEY AND COMPANY LIMITED
Registered Office :	New Excelsior Building, 3^rd Floor, A K Nayak Marg, Fort, Mumbai – 400 001, Maharashtra
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	11.03.1924
Com. Reg. No.:	11-001107
Capital Investment / Paid-up Capital :	Rs. 26.880 Millions
CIN No.: [Company Identification No.]	U51109MH1924PTC001107
TAN No.: [Tax Deduction & Collection Account No.]	MUMG09964D MUMG08119G
PAN No.: [Permanent Account No.]	AAACG1846P
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Subject is engaged in Civil Construction, Construction of industrial and infrastructure units, irrigation and hydroelectric projects, water treatment plants on turnkey basis
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (52)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 22980000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Exist
Comments :	Subject is a well-established company having fine track record. The rating reflects healthy financial risk profile supported by established market position in the construction sector and fair profitability of the company. Trade relations are reported as fair. Business is active. Payments are reported to be regular and as per commitments. The company can be considered good for normal business dealings at usual trade terms and conditions.

NOTES :

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

ECGC Country Risk Classification List – December 1, 2013

Country Name	Previous Rating (30.06.2013)	Current Rating (30.09.2013)
India	A1	A1

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

INDIAN ECONOMIC OVERVIEW

India’s current account deficit for the fiscal third quarter ended September 2013 narrowed to $4.2 billion or 0.9 % of the gross domestic product from $31.9 billion or 6.5 % of GDP a year earlier, thanks to a pick-up in exports and moderation in gold imports. Manufacturing activity and new orders in India showed their strongest growth in a year in February. The news comes as a relief after data showed Asia’s third largest economy grew by a slower-than-expected 4.7 % annually in the three months through December. The HSBC Manufacturing Purchasing Managers’ Index which gauges the business activity of India’s factories but not its’ utilities, rose to 52.5 in February, its highest in a year from 51.4 in January. Overall new orders for factory goods which rose to a one-year high of 54.9 contributed to the surge. China has emerged as India’s biggest trading partner in the current financial year replacing the United Arab Emirates and pushing it to the third spot. India-China trade has reached $49.5 billion with a 8.7 % share in India’s total trade. The US comes second at $46 billion with 8.1 % share during the first nine months of the current financial year.

The Reserve Bank of India has granted an additional nine months to the public to exchange currency notes printed before 2005 including Rs 500 and Rs 1,000 denominations, pushing the deadline to January 1, 2015. A day before dates for the Lok Sabha polls were announced, the government decided to hike interest rates on fixed deposit schemes offered by post offices up to 0.2 per cent. The new rates will be effective April, 1. The Supreme Court will resume hearing on March, 11 Nokia’s appeal against a ruling over transferring ownership of its local mobile phones plant which is the subject of a tax dispute to Microsoft Corp.

In the last days of the current Government, another scam has surfaced. The defence ministry has ordered a probe into Hindustan Aeronautics Limited’s contracts from Britain’s Rolls-Royce Holdings worth at least $ 1.2 billion. The Central Bureau of Investigation will look into allegations that over $80 million was paid in kickbacks in a deal signed in 2011. India has asked Boeing Co. to find a solution for problems with state-owned Air India’s 787 Dreamliners. The aircraft has experienced a series of malfunctions since its debut in 2011.

EXTERNAL AGENCY RATING

Rating Agency Name	CARE
Rating	A- (Long Term Ratings)
Rating Explanation	Adequate degree of safety and low credit risk.
Date	17.01.2014

Rating Agency Name	CARE
Rating	A2+ (Short Term Bank Facilities)
Rating Explanation	Strong degree of safety and low credit risk.
Date	17.01.2014

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 31-03-2012.

INFORMATION PARTED BY

Name :	Mr. Hitesh Shah
Designation :	Accounts Manager
Contact No.:	91-22-22051231
Date :	19.03.2014

LOCATIONS

Registered Office / Marketing Office :	New Excelsior Building, 3^rd Floor, A K Nayak Marg, Fort, Mumbai – 400 001, Maharashtra, India
Tel. No.:	91-22-22051231
Fax No.:	91-22-22051232
E-Mail :	gdho1@mtnl.net.in ho@gdcl.in
Website :	www.gannondunkerley.com
North Zone Offices :	Water Treatment Division B -228, Okhla Industrial Area, Phase I, New Delhi-110020, India
Tel. No.:	91-11-40589700
Fax No.:	91-11-42785612
E-Mail :	delhiwtd@gdcl.in gannonwtd@gmail.com
South Zone Offices :	HYDERABAD 6-3-1111/16, Nishath Bagh, Adj. Lane to Kirtilal Jewellers, Beside Swapna Nusring Home, Begumpet, Hyderabad - 500 016 \ Tel: 91-40 - 44456600 – 49 (50 Lines) Fax: 91-40 - 44456650 and 51 E-mail: hyderabadced@gdcl.in /gannonhyderabad@gmail.com COIMBATORE Marketing division GDC House, 94, 3rd Street, Tatabad, Coimbatore - 641 012 (T.N.) Tel: 91-422 - 2495846 Fax: 91-422 - 2495846 E-mail: coimbatore@gdcl.in /coimbatore@gdcl.in CHENNAI Liaison Offices Plot No. 1, M. k. Susheela’s Towers (2nd Floor), Jawaharlal Nehru Salai, U. R. Nagar Extn., Anna Nagar West, Chennai - 600 101 Tel: 91-44 - 26154931 Fax: 91-44 – 26154931 Email: chennaioffice@gdcl.in
East Zone Offices :	KOLKATA SURYA MANSION 86 A, Topsia Road (South) Haute Street, 7th Floor, Kolkata - 700046 Tel: 91 - 33 - 30419700/01 Fax: 91 - 33 - 30419705 E-mail: kolkataced@gdcl.in /gannonkolkata@gmail.com Material and Baggage Handling Division Flat No. N-1(Ist Floor), 16-A / 1, Earle Street, Kolkata - 700 026 Tel: 91-33 - 24863345 / 24863355 / 24863405 Fax: 91-33 - 24863345 E-mail: gdmthd@gdcl.in/gdcmhd@yahoo.co.in ORISSA Rayagada Sleeper Factory Gannon Dunkerly and Company, Limited Sleeper Factory, Post Box No. 16, Dist. And P.O. Rayagada , Orissa – 765 001 Tel/Fax: 91-6856 – 225684 Email: rsf@gdcl.in
West Zone Offices :	MUMBAI Gannon Dunkerley and Company, Limited A-501, Business Square, 151, Andheri - Kurla Road, Chakala, Andheri (East), Mumbai - 400 093 Tel: 91-22 – 40011920 Fax: 91-22 – 40011923 E-mail: mumbaiced@gdcl.in /gannonmumbai@gmail.com Managing Director Office A-501, Business Square, 151, Andheri - Kurla Road, Chakala, Andheri (East), Mumbai - 400 093 Tel: 91-22 – 40011920 Fax: 91-22 – 40011923 E-mail: edoffice@gdcl.in /gannonmumbai@gmail.com AHMEDABAD Liaison Office 301-303, Prerna Arcade (3rd Floor), Opposite Doctor House, Near Parimal Crossing C. G. Road, Ahmedabad-380 006 Tel: 91-79 - 40004747 Fax: 91-79 - 26464215 E-mail: ahmedabad@gdcl.in /gannonad@gmail.com
Overseas Offices :	Located At Libya Dubai Bahrain Abu Dhabi

DIRECTORS

AS ON 27.09.2013

Name :	Mr. Narayandas Saraf
Designation :	Chairman
Address :	B-42, Maharani Bagh, New Delhi-110065, India
Date of Birth/Age :	07.09.1938
Date of Appointment :	24.05.1965
DIN No.:	00006260

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	U99999MH1953PTC021694	RAI BAHADUR SHREE RAM AND COMPANY PRIVATE LIMITED	Managing director	01/06/2013	08/09/1962	Active	NO
2	U13201MH1965PTC013107	SHREE RAM DURGA PRASAD ORES PRIVATE LIMITED	Director	13/01/1965	13/01/1965	Active	NO
3	U51109MH1924PLC001107	GANNON DUNKERLEY AND COMPANY LIMITED	Director	24/05/1965	24/05/1965	Active	NO
4	U63040MH1969PTC014305	TRAVELERA PRIVATE LIMITED	Director	28/09/1978	28/09/1978	Active	NO
5	L27100MH2004PLC146283	FACOR STEELS LIMITED	Director	29/05/2013	28/04/2006	Active	NO
6	U40101DL2005PLC139923	FACOR POWER LIMITED	Director	18/09/2006	20/07/2006	Active	NO
7	U14200DL2011PTC217111	NDS MINERALS PRIVATE LIMITED	Director	06/04/2011	06/04/2011	Active	NO

Name :	Mr. Kamal M. Morarka
Designation :	Director
Address :	24-B, Cormichaael Road, Mumbai -400 026, Maharashtra, India
Date of Birth/Age :	18.06.1946
Date of Appointment :	19.05.1997
DIN No.:	00460013

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	U22120MH1985PTC035722	COURIER PUBLICATIONS PRIVATE LIMITED	Director	29/06/1993	29/06/1993	Active	NO
2	U51900MH1993PTC073640	SANGITA KATHIWADA HANDICRAFTS PRIVATE LIMITED	Director	26/08/1993	26/08/1993	Active	NO
3	U99999MH1946PTC004824	RAMKUMAR MORARKA AND SONS PRIVATE LIMITED	Director	25/09/1995	25/09/1995	Active	NO
4	U51109MH1946PTC004739	UNITED INDIA AGENCIES PRIVATE LIMITED	Director	25/09/1995	25/09/1995	Active	NO
5	U91110MH1996NPL098104	ALL INDIA ASSOCIATION OF INDUSTRIES	Director	13/03/1996	13/03/1996	Active	NO
6	U29290MH1950PTC008225	GANNON DUNKERLEY HOLDINGS PRIVATE LIMITED	Director	05/08/1996	05/08/1996	Active	NO
7	U51109MH1924PLC001107	GANNON DUNKERLEY AND COMPANY LIMITED	Director	19/05/1997	19/05/1997	Active	NO
8	U73100MH1970NPL014686	M.VISVESVARAYA INDUSTRIAL RESEARCH AND DEVELOPMENT CENTRE	Director	25/09/2007	25/09/2007	Active	NO

Name :	Mr. Parag C Mehta
Designation :	Director
Address :	Flat No. 23, 7^th Floor, Neelkanth Apartments, Worli Hill Estate, Worli, Mumbai - 400 018, Maharashtra, India
Date of Birth/Age :	15.08.1961
Date of Appointment :	22.12.2005
DIN No.:	00172972

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	U65110MH1999NPL119268	FOREIGN EXCHANGE BROKERS ASSOCIATION OF INDIA	Director	05/04/1999	05/04/1999	-	Active	NO
2	U65999MH1999PTC122384	KARVAT INSURANCE SERVICES PRIVATE LIMITED	Director	26/10/1999	26/10/1999	01/11/2007	Active	NO
3	U51909WB1995PTC076031	SIMPARK INFRASTRUCTURE PRIVATE LIMITED	Director	28/07/2002	28/07/2002	-	Active	NO
4	U24235AP1969PLC001282	SANZYME LIMITED	Director	11/12/2003	11/12/2003	-	Active	NO
5	U51109MH1946PTC004739	UNITED INDIA AGENCIES PRIVATE LIMITED	Director	09/01/2004	09/01/2004	31/03/2012	Active	NO
6	U29290MH1950PTC008225	GANNON DUNKERLEY HOLDINGS PRIVATE LIMITED	Director	09/01/2004	09/01/2004	31/03/2012	Active	NO
7	U99999MH1946PTC004824	RAMKUMAR MORARKA AND SONS PRIVATE LIMITED	Director	09/01/2004	09/01/2004	31/03/2012	Active	NO
8	U51109MH1924PLC001107	GANNON DUNKERLEY AND COMPANY LIMITED	Director	22/12/2005	22/12/2005	-	Active	NO
9	U67120MH1997PTC108920	F R RATNAGAR AND COMPANY PRIVATE LIMITED	Director	20/06/2007	20/06/2007	-	Active	NO
10	U22120MH1985PTC035722	COURIER PUBLICATIONS PRIVATE LIMITED	Director	26/09/2008	25/09/2007	-	Active	NO
11	U73100MH1970NPL014686	M.VISVESVARAYA INDUSTRIAL RESEARCH AND DEVELOPMENT CENTRE	Director	23/11/2009	23/11/2009	-	Active	NO
12	U67100MH2010PLC204251	FRR SHARES AND SECURITIES LIMITED	Director	15/06/2010	15/06/2010	-	Active	NO
13	U65921MH2010PLC207983	FRR CAPITAL LIMITED	Director	21/09/2010	21/09/2010	-	Active	NO
14	U67190MH2012PLC231598	FRR COMMODITIES LIMITED	Director	29/05/2012	29/05/2012	-	Active	NO

Name :	Mr. Vijay Goverdhandas Kalantri
Designation :	Director
Address :	2, Wahendna Apartment, Ground Floor, 75 Hill Road, Bandra(W), Mumbai-400050, Maharashtra, India
Date of Birth/Age :	05.01.1949
Date of Appointment :	11.12.2008
DIN No.:	00019510

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	U65921MH1985PLC037703	BALAJI INFRA PROJECTS LIMITED	Managing director	15/04/2012	09/10/1985	-	Active	NO
2	U29100MH1978PLC020710	GANNON DUNKERLEY REALTY LIMITED	Director	15/07/1988	15/07/1988	15/12/2008	Active	NO
3	U65923MH1989PLC053436	HINDUSTAN HOUSING FINANCE AND DEVELOPMENT CORPORATION LIMITED	Director	12/09/1989	12/09/1989	-	Active	NO
4	U51900MH1989PTC051927	METROPOLITAN TRADERS PRIVATE LIMITED	Director	20/03/1990	20/03/1990	-	Amalgamated	NO
5	L36912MH1974PLC017505	SOVEREIGN DIAMONDS LIMITED	Director	12/11/1992	12/11/1992	13/08/2011	Active	NO
6	U91110MH1995PLC086016	INDIAN COUNCIL OF INVESTORS	Director	02/03/1995	02/03/1995	10/06/2008	Active	NO
7	U91110MH1996NPL098104	ALL INDIA ASSOCIATION OF INDUSTRIES	Director	13/03/1996	13/03/1996	-	Active	NO
8	U45200MH1998PLC114567	BALAJI INFRASTRUCTURE AND DEVELOPMENT COMPANY LIMITED	Director	21/04/1998	21/04/1998	30/03/2009	Active	NO
9	U40100MH1997PLC106044	VINDHYACHAL HYDRO POWER LIMITED	Director	14/08/1999	14/08/1999	-	Active	NO
10	L25200MH1968PLC013914	V I P INDUSTRIES LIMITED	Director	22/05/2000	22/05/2000	-	Active	NO
11	U72100MH2000PLC127887	ANYUSER TELECOM (INDIA) LIMITED	Director	24/07/2000	24/07/2000	14/12/2007	Active	NO
12	U35110MH2000PLC127953	DIGHI PORT LIMITED	Managing director	01/04/2012	27/07/2000	-	Active	NO
13	U99999MH1997NPL111379	BOWLING AND BILLIARDS ASSOCIATION OF INDIA	Director	05/01/2001	05/01/2001	-	Active	NO
14	L99999MH1988PLC047408	MAN INDUSTRIES (INDIA) LIMITED	Director	15/02/2001	15/02/2001	03/02/2011	Active	NO
15	U74300MH1997PTC105548	LAQSHYA MEDIA PRIVATE LIMITED	Director	15/01/2002	15/01/2002	27/03/2012	Active	NO
16	U74999MH2002NPL136048	INDO POLISH CHAMBER OF COMMERCE AND INDUSTRIES	Director	29/05/2002	29/05/2002	-	Active	NO
17	U74999MH2002GAP136310	INDO MAURITIUS CHAMBER OF COMMERCE AND INDUSTRIES	Director	25/06/2002	25/06/2002	-	Active	NO
18	L32109MH1994PLC083391	ZICOM ELECTRONIC SECURITY SYSTEMS LIMITED	Director	01/12/2003	01/12/2003	-	Active	NO
19	U51109HP1998PLC000592	DARJEELING POWER LIMITED	Director	17/09/2004	17/09/2004	11/12/2008	Active	NO
20	L17110MH1935PLC002241	SHREE RAM URBAN INFRASTRUCTURE LIMITED	Director	25/08/2005	25/08/2005	-	Active	NO
21	L00000CH1983PLC031318	SAB INDUSTRIES LIMITED	Director	30/12/2005	30/12/2005	-	Active	NO
22	U45200MH2006PLC158665	DIGHI PROJECT DEVELOPMENT COMPANY LIMITED	Director	05/01/2006	05/01/2006	-	Active	NO
23	U92419MH2006NPL160614	MAHARASHTRA TENPIN BOWLING ASSOCIATION	Director	21/03/2006	21/03/2006	-	Active	YES
24	U35110MH2005PLC151518	BALAJI SHIPPING AND LOGISTICS LIMITED	Director	27/04/2006	27/04/2006	30/03/2012	Active	NO
25	U51909WB1995PTC076031	SIMPARK INFRASTRUCTURE PRIVATE LIMITED	Director	30/11/2006	30/11/2006	03/02/2011	Active	NO
26	L17120MH1990PLC058361	S KUMARS NATIONWIDE LIMITED	Director	17/07/2007	03/02/2007	-	Active	NO
27	U22120MH1985PTC035722	COURIER PUBLICATIONS PRIVATE LIMITED	Director	26/09/2008	25/09/2007	-	Active	NO
28	U73100MH1970NPL014686	M.VISVESVARAYA INDUSTRIAL RESEARCH AND DEVELOPMENT CENTRE	Director	25/09/2007	25/09/2007	-	Active	NO
29	U45203MH2008PLC183839	DIGHI RAIL INFRASTRUCTURE LIMITED	Director	23/06/2008	23/06/2008	-	Active	NO
30	U45202MH2008PTC185677	DIGHI LNG TERMINALS PRIVATE LIMITED	Director	11/08/2008	11/08/2008	-	Active	NO
31	U51109MH1924PLC001107	GANNON DUNKERLEY AND COMPANY LIMITED	Director	09/09/2010	11/12/2008	-	Active	NO
32	L36911RJ1990PLC005651	GOENKA DIAMOND AND JEWELS LIMITED	Director	31/07/2009	31/07/2009	26/11/2013	Active	NO
33	U74999MH2011PTC218985	DIGHI LOGISTICS PRIVATE LIMITED	Director	22/06/2011	22/06/2011	-	Active	NO
34	L52320MH2004PLC146760	BRANDHOUSE RETAILS LIMITED	Director appointed in casual vacancy	13/02/2012	13/02/2012	-	Active	NO
35	U17114MH2000PLC126018	REID AND TAYLOR (INDIA) LIMITED	Additional director	10/08/2012	10/08/2012	-	Active	NO

Name :	Mr. Ravinder K Machanda
Designation :	Additional Director
Address :	D-281 G/F, Defence Colony, New Delhi-110024, Delhi, India
Date of Birth/Age :	22.09.1950
Date of Appointment :	11.12.2008
DIN No.:	01801659

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	U65990MH1984PTC034680	GANNON DUNKERLEY FINANCE LIMITED	Director	27/09/2008	04/10/2007	08/12/2008	Active	NO
2	U65992DL1983PLC016494	STATUS MARK FINVEST LIMITED	Director	29/03/2008	29/03/2008	-	Active	NO
3	U51109MH1924PLC001107	GANNON DUNKERLEY AND COMPANY LIMITED	Director	07/09/2009	11/12/2008	-	Active	NO
4	U92411DL1909PLC000407	THE DELHI AND DISTRICT CRICKET ASSOCIATION LIMITED	Director	20/03/2009	20/03/2009	-	Active	NO
5	L51909DL1984PLC018814	ASHOKA MERCANTILE LIMITED	Director	29/09/2012	27/01/2011	-	Active	NO

Name :	Mr. Kartik RAwal
Designation :	Managing Director
Address :	401 Mayfair Sweet Heaven Near Rasraj Hotel Plot No 15, K D Road, Vile Parle, Mumbai-400056, Maharashtra, India
Date of Birth/Age :	30.05.1963
Date of Appointment :	26.04.2012
DIN No.:	00436076

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	U15140MH1957PLC010993	SHREE JAGDISH OIL INDUSTRIES LIMITED	Director	03/06/2004	03/06/2004	Active	NO
2	U51109MH1924PLC001107	GANNON DUNKERLEY AND COMPANY LIMITED	Managing director	10/07/2013	26/04/2012	Active	NO
3	U29100MH1978PLC020710	GANNON DUNKERLEY REALTY LIMITED	Director	27/09/2012	01/09/2012	Active	NO

Name :	Mr. Hiralal R Pandey
Designation :	Director
Address :	Flat No 51 Kalpataru Harmony Off Sion Circle ADJ Sion Telephone Exchange Road No 29, Sion (East), Mumbai-400022, Maharashtra, India
Date of Birth/Age :	10.11.1943
Date of Appointment :	20.07.2011
DIN No.:	00460195

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	U51900MH1989PTC053443	RAPTURE EXPORTS PRIVATE LIMITED	Director	13/09/1989	13/09/1989	-	Active	NO
2	U22120MH1985PTC035722	COURIER PUBLICATIONS PRIVATE LIMITED	Director	27/09/1990	27/09/1990	-	Active	NO
3	U51109MH1946PTC004739	UNITED INDIA AGENCIES PRIVATE LIMITED	Director	17/11/1990	17/11/1990	-	Active	NO
4	U51900MH1975PTC018389	NALANDA EXPORTS PRIVATE LIMITED	Director	06/04/1992	06/04/1992	-	Active	NO
5	U15540MH1975PTC018390	NALANDA MINERALS PRIVATE LIMITED	Director	11/01/1995	11/01/1995	-	Active	NO
6	U15140MH1957PLC010993	SHREE JAGDISH OIL INDUSTRIES LIMITED	Director	20/05/1997	20/05/1997	-	Active	NO
7	U63040MH1969PTC014305	TRAVELERA PRIVATE LIMITED	Director	16/06/1997	16/06/1997	-	Active	NO
8	U99999MH1946PTC004824	RAMKUMAR MORARKA AND SONS PRIVATE LIMITED	Director	25/06/1997	25/06/1997	-	Active	NO
9	U74140MH1975PTC018388	NALANDA CONSULTANTS PRIVATE LIMITED	Director	29/08/1997	29/08/1997	-	Active	NO
10	U29290MH1950PTC008225	GANNON DUNKERLEY HOLDINGS PRIVATE LIMITED	Director	22/12/1997	22/12/1997	-	Active	NO
11	U65990MH1984PTC034680	GANNON DUNKERLEY FINANCE LIMITED	Director	22/03/2002	22/03/2002	-	Active	NO
12	U29100MH1978PLC020710	GANNON DUNKERLEY REALTY LIMITED	Director	27/03/2002	27/03/2002	-	Active	NO
13	U01122RJ1972PLC001415	JAI AGRO INDUSTRIES LIMITED	Director	01/07/2002	01/07/2002	-	Active	NO
14	U01409MH2005PLC154661	MORARKA ORGANIC FOODS LIMITED	Director	11/07/2005	11/07/2005	-	Active	NO
15	U22190MH2007PLC167156	DAILY MULTIMEDIA LIMITED	Director	19/01/2007	19/01/2007	-	Active	NO
16	U28112MH1960PTC168075	GANNON DUNKERLEY INFRASTRUCTURE PRIVATE LIMITED	Director	26/09/2007	14/02/2007	-	Active	NO
17	U70100DL2007PTC159719	SPM REAL ESTATE PRIVATE LIMITED	Director	26/02/2007	26/02/2007	-	Active	NO
18	U65923MH1989PLC053436	HINDUSTAN HOUSING FINANCE AND DEVELOPMENT CORPORATION LIMITED	Director	29/09/2008	13/05/2008	-	Active	NO
19	U01100MH1951PTC012213	M R CHARITIES PRIVATE LIMITED	Director	30/09/2009	20/10/2008	-	Active	NO
20	U99999MH1985PTC036677	JANSON ENGINEERING AND TRADING PRIVATE LIMITED	Director	06/08/2009	06/08/2009	-	Active	NO
21	U65999MH2009PTC195111	FRR FOREX PRIVATE LIMITED	Director	20/08/2009	20/08/2009	09/08/2011	Active	NO
22	U70102MH2009PTC195771	GDC BUILDCON PRIVATE LIMITED	Director	14/09/2009	14/09/2009	02/01/2010	Active	NO
23	U70200MH2009PTC196615	GD HABITAT PRIVATE LIMITED	Director	22/10/2009	22/10/2009	25/10/2010	Active	NO
24	U65990MH1985PTC036482	MARYLAND LEASING AND INVESTMENT COMPANY PRIVATE LIMITED	Director	21/07/2011	31/03/2011	-	Active	NO
25	U51109MH1924PLC001107	GANNON DUNKERLEY AND COMPANY LIMITED	Whole-time director	30/09/2011	20/07/2011	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Ravi Prakash Agarwal
Designation :	Company Secretary
Address :	1A/13, Nalanda CHS Limited, Evershine Nagar, Malad(W), Mumbai-400064, Maharashtra, India
Date of Birth/Age :	03.11.1969
Date of Appointment :	16.04.2007
PAN No.:	ACGPA1554M

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 27.09.2013

Note: Shareholder details file attached.

AS ON 27.09.2013

Equity Shares Break Up	Percentage of Holding
Nationalized or other banks	0.01
Bodies corporate	87.66
Directors or relatives of Directors	11.60
Others	0.73
TOTAL	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged in Civil Construction, Construction of industrial and infrastructure units, irrigation and hydroelectric projects, water treatment plants on turnkey basis

GENERAL INFORMATION

Customers :

• Asia Hotel Limited
• Bharti Airtel
• Tarupit Exports Private Limited
• Star Cement Limited
• BMM Cement Limited
• UP Rajya Vidyut Utpadan Nigam Limited
• Paramount Limited
• Airports Authority of India
• IRCON International Limited
• SMS Infrastructures Limited
• Goa Airport
• Rajahmundry Airport
• Mumbai International Airport Limited
• Indian Oil Corporation Limited
• Bharat Oman Refineries Limited
• Chennai Petroleum Corp. Limited
• BLA Power Limited
• JSW Energy Limited
• Tata Projects Limited
• West Bengal Power Development Corporation Limited
• Adhunik Alloys and Power Limited
• Essar Projects Limited
• JSW Projects Limited
• Uttam Galva Steel Limited
• Vishakapatnam Steel Plant
• IFB Industries Limited
• Shree Dhanalaxmi Sahakari Karkhane

No. of Employees :

Not Available

Bankers :

• State Bank of India, Commercial Branch, N G N Vaidya Marg, Fort, Mumbai-400023, Maharashtra, India
• HDFC Bank Limited, HDFC Bank House Senapati Bapat Marg, Lower Parel (West), Mumbai-400013, Maharashtra, India

Facilities :

Secured Loan	Rs. In Millions 31.03.2013	Rs. In Millions 31.03.2012
Long Term Borrowings
Term Loans from Banks	125.000	348.862
Other Loans and Advances	651.045	284.027
Short Term Borrowings
Term Loans from Banks	626.065	950.000
Working Capital loans from Banks	5043.311	3903.395
TOTAL	5669.376	4853.395

Banking Relations :	--
Financial Institution :	Bajaj Finance Limited, Akurdi Pune-411035, Maharashtra, India
Auditors :
Name :	Sanghavi and Company Chartered Accountant
Address :	Bulbul, St Floor, Crescent Road, Bhavnagar-364001, Gujarat, India
PAN No.:	AAQFS2682A
Subsidiaries :	The Jaipur Udyog Limited CIN NO.:- U26943RJ1948PLC000612 Gannon Dunkerley Finance Limited CIN NO.:- U65990MH1984PTC034680 Gannon Dunkerley Realty Limited CIN NO.:- U29100MH1978PLC020710 GDC-JLS Tollways Private Limited CIN NO.:- U45200AP2011PTC076335 Gannon Dunkerley and Company Limited FZE Gannon Dunkerley Middle East WLL
Associates :	Ramkumar Morarka and Sons Private Limited Nalanda Consultants Private Limited Balaji Infrastructure and Development Company Limited Facor Power Limited
Joint Venture Company :	Gannon Dunkerley and Company, LLC Gannon Dunkerley General Contracting Company

CAPITAL STRUCTURE

AS ON 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
18000000	Equity Shares	Rs.10/- each	Rs. 180.000 Millions
200000	Preference Shares	Rs.100/- each	Rs. 20.000 Millions
	TOTAL		Rs. 200.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
2688000	Equity Shares	Rs.10/- each	Rs. 26.880 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	26.880	26.880	26.880
(b) Reserves & Surplus	5719.072	5325.317	4904.987
(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)	5745.952	5352.197	4931.867
(3) Non-Current Liabilities
(a) long-term borrowings	905.073	777.627	1,068.598
(b) Deferred tax liabilities (Net)	862.400	793.300	689.501
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	1767.473	1570.927	1758.099
(4) Current Liabilities
(a) Short term borrowings	5669.376	4953.395	4614.748
(b) Trade payables	4230.464	3342.340	3081.905
(c) Other current liabilities	7939.736	6932.018	5922.307
(d) Short-term provisions	131.364	166.868	252.965
Total Current Liabilities (4)	17970.940	15394.621	13871.925
TOTAL	25484.365	22317.745	20561.891
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	2803.033	2876.324	2732.104
(ii) Intangible Assets	1.140	1.601	1.442
(iii) Capital work-in-progress	0.000	11.343	44.040
(iv) Intangible assets under development	50.590	45.784	17.438
(b) Non-current Investments	414.715	412.715	112.615
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	2903.844	2736.089	2469.804
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	6173.322	6083.856	5377.443
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	11476.100	10324.567	9134.508
(c) Trade receivables	10.386	13.811	9.575
(d) Cash and cash equivalents	2035.092	2065.351	2934.624
(e) Short-term loans and advances	5789.465	3830.160	3105.741
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	19311.043	16233.889	15184.448
TOTAL	25484.365	22317.745	20561.891

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2013	31.03.2012	31.03.2011
	SALES
	Income	18,656.250	17,861.371	17,757.146
	Other Income	311.937	400.257	255.645
	TOTAL (A)	18968.187	18261.628	18012.791
Less	EXPENSES
	Cost of Materials Consumed	30.619	71.881	81.957
	Purchases of Stock-in-Trade	1.954	60.954	1.841
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(1179.194)	(1168.988)	(1573.251)
	Employees benefits expense	1429.795	1422.680	1246.811
	Other expenses	16453.759	15628.622	15674.594
	Exceptional Items	91.100	0.000	0.000
	TOTAL (B)	16828.033	16015.149	15431.952
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	2140.154	2246.479	2580.839
Less	FINANCIAL EXPENSES (D)	1,015.085	917.445	660.433
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	1125.069	1329.034	1920.406
Less/ Add	DEPRECIATION/ AMORTISATION (F)	489.941	516.078	459.051
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	635.128	812.956	1461.355
Less	TAX (I)	217.444	273.086	533.474
	PROFIT/ (LOSS) AFTER TAX (G-I) (J)	417.684	539.870	927.881
	EARNINGS IN FOREIGN CURRENCY
	F.O.B. Value of Exports	9.833	13.518	NA
	TOTAL EARNINGS	9.833	13.518	NA
	Earnings / (Loss) Per Share (Rs.)	155.39	200.84	345.19

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	2.20	2.96	5.15
Net Profit Margin (PBT/Sales)	(%)	3.40	4.55	8.23
Return on Total Assets (PBT/Total Assets}	(%)	2.54	3.72	7.12
Return on Investment (ROI) (PBT/Networth)		0.11	0.15	0.30
Debt Equity Ratio (Total Debt /Networth)		1.14	1.07	1.15
Current Ratio (Current Asset/Current Liability)		1.07	1.05	1.09

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2011	31.03.2012	31.03.2013
	(INR in Mlns.)	(INR in Mlns.)	(INR in Mlns.)
Share Capital	26.880	26.880	26.880
Reserves & Surplus	4,904.987	5,325.317	5,719.072
Net worth	4,931.867	5,352.197	5,745.952
long-term borrowings	1,068.598	777.627	905.073
Short term borrowings	4,614.748	4,953.395	5,669.376
Total borrowings	5,683.346	5,731.022	6,574.449
Debt/Equity ratio	1.152	1.071	1.144

YEAR ON YEAR GROWTH

Year on Year Growth	31.03.2011	31.03.2012	31.03.2013
	(INR in Mlns)	(INR in Mlns)	(INR in Mlns)
Sales	17,757.146	17,861.371	18,656.250
		0.587	4.450

NET PROFIT MARGIN

Net Profit Margin	31.03.2011	31.03.2012	31.03.2013
	(INR)	(INR)	(INR)
Sales	17,757.146	17,861.371	18,656.250
Profit	927.881	539.870	417.684
	5.23%	3.02%	2.24%

LOCAL AGENCY FURTHER INFORMATION

CASE DETAILS

BENCH:-BOMBAY

Presentation Date:-				29/07/2013
Lodging No.:-	ITXAL/1250/2013	Filing Date:-	30/07/2013	Reg. No.:-	ITXA/1718/2013	Reg. Date:-	07/09/2013

Petitioner:-

Respondent:-

Petn.Adv.:-

Resp.Adv.:-

District:-

MUMBAI

Bench:-	DIVISION
Status:-	Pre-Admission	Category:-	TAX APPEALS

Next Date:-

26/03/2014

Stage:-

Coram:-

ACCORDING TO SITTING LIST

ACCORDING TO SITTING LIST

Act :-

Income Tax Act, 1961

Under Section:-

260A

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	No
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	-----
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	Yes
19]	Payments terms	No
20]	Export / Import details (if applicable)	Yes
21]	Market information	-----
22]	Litigations that the firm / promoter involved in	Yes
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 31.03.2013	Rs. In Millions 31.03.2012
Long Term Borrowings
Loans and Advances from Related	129.028	144.738
Short Term Borrowings
Term Loans from Others	0.000	100.000
TOTAL	129.028	244.738

INDEX OF CHARGES

S. No	Charge ID	Date of Charge Creation /Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN
1	10460830	22/11/2013 *	29,360,000,000.00	STATE BANK OF INDIA	COMMERCIAL BRANCH,N G N VAIDYA MARG,, FORT, MUMBAI, MAHARASHTRA - 400023, INDIA	B93827277
2	10438281	05/07/2013	9,147,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W , MUMBAI, MAHARASHTRA - 400013, INDIA	B80224876
3	10438144	05/07/2013	47,842,400.00	TATA CAPITAL FINANCIAL SERVICES LIMITED	ONE FORBES,, DR. V. B. GANDHI MARG, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA	B80166614
4	10438146	29/06/2013	102,157,600.00	TATA CAPITAL FINANCIAL SERVICES LIMITED	ONE FORBES,, DR. V. B. GANDHI MARG, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA	B80167174
5	10427462	16/05/2013	630,000.00	KOTAK MAHINDRA BANK LIMITED	36-38A, NARIMAN BHAVAN, 227,D,, NARIMAN POINT,, MUMBAI, MAHARASHTRA - 400021, INDIA	B75720706
6	10428679	13/05/2013	11,356,025.00	KOTAK MAHINDRA BANK LIMITED	36-38A, NARIMAN BHAVAN, 227,D,, NARIMAN POINT,, MUMBAI, MAHARASHTRA - 400021, INDIA	B76090661
7	10412187	11/03/2013	23,469,374.00	KOTAK MAHINDRA BANK LIMITED	36-38A, NARIMAN BHAVAN, 227,D,, NARIMAN POINT,, MUMBAI, MAHARASHTRA - 400021, INDIA	B70904040
8	10391919	15/12/2012	18,664,175.00	KOTAK MAHINDRA BANK LIMITED	36-38A, NARIMAN BHAVAN, 227,D,, NARIMAN POINT,, MUMBAI, MAHARASHTRA - 400021, INDIA	B64118938
9	10382960	25/10/2012	7,903,170.00	KOTAK MAHINDRA BANK LIMITED	36-38A, NARIMAN BHAVAN, 227,D,, NARIMAN POINT,, MUMBAI, MAHARASHTRA - 400021, INDIA	B60674942
10	10372947	29/08/2012	8,207,325.00	KOTAK MAHINDRA BANK LIMITED	36-38A, NARIMAN BHAVAN, 227,D,, NARIMAN POINT,, MUMBAI, MAHARASHTRA - 400021, INDIA	B56530587
11	10365521	13/07/2012	15,829,560.00	KOTAK MAHINDRA BANK LIMITED	36-38A, NARIMAN BHAVAN, 227,D,, NARIMAN POINT,, MUMBAI, MAHARASHTRA - 400021, INDIA	B43642909
12	10367662	30/06/2012	135,000,000.00	STANDARD CHARTERED BANK	STANDARD CHARTERED TOWER, 201, B/1, WESTERN EXPRE SS HIGHWAY, GOREGAON (E), MUMBAI, MAHARASHTRA - 40 0063, INDIA	B44575306
13	10366798	18/06/2012	3,945,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA	B44203230
14	10360333	05/06/2012	1,940,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA	B41511338
15	10358634	28/05/2012	1,222,000.00	BAJAJ FINANCE LIMITED	AKURDI PUNE-, PUNE, MAHARASHTRA - 411035, INDIA	B40818031
16	10359398	15/04/2012	500,000,000.00	SREI EQUIPMENT FINANCE PRIVATE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA	B41119728
17	10348820	04/04/2012	1,866,000.00	BAJAJ FINANCE LIMITED	AKURDI PUNE-, PUNE, MAHARASHTRA - 411035, INDIA	B37316684
18	10345975	03/04/2012	30,481,084.00	KOTAK MAHINDRA BANK LIMITED	36-38A, NARIMAN BHAVAN, 227,D, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA	B36462422
19	10344221	10/03/2012	1,246,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA	B35804061
20	10342529	20/02/2012	4,128,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA	B35147560
21	10332789	20/01/2012	1,721,000.00	BAJAJ FINANCE LIMITED	AKURDI PUNE-, PUNE, MAHARASHTRA - 411035, INDIA	B30923635
22	10327729	06/01/2012	8,851,963.00	KOTAK MAHINDRA BANK LIMITED	36-38A, NARIMAN BHAVAN, 227,D,, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA	B29293719
23	10325827	15/12/2011	2,567,000.00	BAJAJ FINANCE LIMITED	AKURDI PUNE-, PUNE, MAHARASHTRA - 411035, INDIA	B28880706
24	10313767	22/10/2011	21,295,804.00	KOTAK MAHINDRA BANK LIMITED	36-38A, NARIMAN BHAVAN, 227,D,, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA	B23768583
25	10316009	15/10/2011	562,000.00	BAJAJ FINANCE LIMITED	AKURDI PUNE-, PUNE, MAHARASHTRA - 411035, INDIA	B24679995
26	10311331	03/10/2011	1,944,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA	B22997753
27	10310326	15/09/2011	1,009,700.00	BAJAJ FINANCE LIMITED	AKURDI PUNE-, PUNE, MAHARASHTRA - 411035, INDIA	B22611636
28	10305604	08/09/2011	750,000,000.00	AXIS BANK LTD.	AXIS HOUSE, GROUND FLOOR, BOMBAY DYEING MILL COMPOUND, P. B. MARG, MUMBAI, MAHARASHTRA - 400053, INDIA	B20234811
29	10310329	05/09/2011	1,488,250.00	BAJAJ FINANCE LIMITED	AKURDI PUNE-, PUNE, MAHARASHTRA - 411035, INDIA	B22614036
30	10305615	25/08/2011	1,650,462.00	BAJAJ FINANCE LIMITED	AKURDI PUNE-, PUNE, MAHARASHTRA - 411035, INDIA	B20238515
31	10308567	25/08/2011	3,508,000.00	BAJAJ FINANCE LIMITED	AKURDI PUNE-, PUNE, MAHARASHTRA - 411035, INDIA	B21715271
32	10305619	25/08/2011	12,153,246.00	BAJAJ FINANCE LIMITED	AKURDI PUNE-, PUNE, MAHARASHTRA - 411035, INDIA	B20239851
33	10301952	18/08/2011	48,639,831.00	KOTAK MAHINDRA BANK LIMITED	36-38A, NARIMAN BHAVAN, 227,D,, NARIMAN POINT,, MUMBAI, MAHARASHTRA - 400021, INDIA	B18614511
34	10300547	28/07/2011	1,559,332.00	BAJAJ FINANCE LIMITED	AKURDI PUNE-, PUNE, MAHARASHTRA - 411035, INDIA	B18182659
35	10300524	28/07/2011	3,479,000.00	BAJAJ FINANCE LIMITED	AKURDI PUNE-, PUNE, MAHARASHTRA - 411035, INDIA	B18178442
36	10300549	27/07/2011	2,916,000.00	BAJAJ FINANCE LIMITED	AKURDI PUNE-, PUNE, MAHARASHTRA - 411035, INDIA	B18183327
37	10297152	22/07/2011	36,149,000.00	KOTAK MAHINDRA BANK LIMITED	36-38A, NARIMAN BHAVAN, 227,D,, NARIMAN POINT,, MUMBAI, MAHARASHTRA - 400021, INDIA	B16843740
38	10296645	08/07/2011	1,099,700.00	BAJAJ FINANCE LIMITED	AKURDI PUNE-, PUNE, MAHARASHTRA - 411035, INDIA	B16677593
39	10301728	02/07/2011	20,426,387.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA	B18635276
40	10300530	27/06/2011	1,488,832.00	BAJAJ FINANCE LIMITED	AKURDI PUNE-, PUNE, MAHARASHTRA - 411035, INDIA	B18179267
41	10292774	24/06/2011	11,580,548.00	KOTAK MAHINDRA BANK LIMITED	36-38A, NARIMAN BHAVAN, 227,D,, NARIMAN POINT,, MUMBAI, MAHARASHTRA - 400021, INDIA	B15209570
42	10292772	21/06/2011	18,105,238.00	KOTAK MAHINDRA BANK LIMITED	36-38A, NARIMAN BHAVAN, 227,D,, NARIMAN POINT,, MUMBAI, MAHARASHTRA - 400021, INDIA	B15209174
43	10295905	20/06/2011	3,902,200.00	BAJAJ FINANCE LIMITED	AKURDI PUNE-, PUNE, MAHARASHTRA - 411035, INDIA	B16444796
44	10295252	15/06/2011	4,709,600.00	BAJAJ FINANCE LIMITED	AKURDI PUNE-, PUNE, MAHARASHTRA - 411035, INDIA	B16199507
45	10286399	13/05/2011	36,499,687.00	KOTAK MAHINDRA BANK LIMITED	36-38A, NARIMAN BHAVAN, 227,D,, NARIMAN POINT,, MUMBAI, MAHARASHTRA - 400021, INDIA	B12647673
46	10284919	15/04/2011	563,200.00	BAJAJ FINANCE LIMITED	AKURDI PUNE-, PUNE, MAHARASHTRA - 411035, INDIA	B11911542
47	10284917	13/04/2011	2,107,000.00	BAJAJ FINANCE LIMITED	AKURDI PUNE-, PUNE, MAHARASHTRA - 411035, INDIA	B11911310
48	10282772	29/03/2011	951,800.00	BAJAJ FINANCE LIMITED	AKURDI PUNE-, PUNE, MAHARASHTRA - 411035, INDIA	B10826253
49	10282618	29/03/2011	1,411,000.00	BAJAJ FINANCE LIMITED	AKURDI PUNE-, PUNE, MAHARASHTRA - 411035, INDIA	B10827657
50	10282767	28/03/2011	5,340,300.00	BAJAJ FINANCE LIMITED	AKURDI PUNE-, PUNE, MAHARASHTRA - 411035, INDIA	B10825859
51	10279957	19/03/2011	2,048,400.00	BAJAJ FINANCE LIMITED	AKURDI PUNE-, PUNE, MAHARASHTRA - 411035, INDIA	B10439032
52	10274279	25/02/2011	14,985,700.00	BAJAJ FINANCE LIMITED	AKURDI PUNE-, PUNE, MAHARASHTRA - 411035, INDIA	B08463820
53	10269460	21/02/2011	4,591,998.00	KOTAK MAHINDRA BANK LIMITED	36-38A, NARIMAN BHAVAN, 227,D,, NARIMAN POINT,, MUMBAI, MAHARASHTRA - 400021, INDIA	B06465090
54	10269465	21/02/2011	23,307,160.00	KOTAK MAHINDRA BANK LIMITED	36-38A, NARIMAN BHAVAN, 227,D,, NARIMAN POINT,, MUMBAI, MAHARASHTRA - 400021, INDIA	B06465249
55	10274168	05/02/2011	15,170,888.00	SREI EQUIPMENT FINANCE PRIVATE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA	B08378382
56	10265329	15/12/2010	3,639,000.00	HDFC BANK LIMITED	HDFC BANK HOUSE SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA	B04890869
57	10252271	08/11/2010	4,592,710.00	KOTAK MAHINDRA BANK LIMITED	36-38A, NARIMAN BHAVAN, 227,D,, NARIMAN POINT,, MUMBAI, MAHARASHTRA - 400021, INDIA	A98945165
58	10252157	08/11/2010	15,158,800.00	KOTAK MAHINDRA BANK LIMITED	36-38A, NARIMAN BHAVAN, 227,D,, NARIMAN POINT,, MUMBAI, MAHARASHTRA - 400021, INDIA	A98939242
59	10263108	01/11/2010	200,000,000.00	STATE BANK OF INDIA	COMMERCIAL BRANCH, N.G.N. VAIDYA MARG, BANK STREET, HORNIMAN CIRCLE,, MUMBAI, MAHARASHTRA - 400023, INDIA	B02022853
60	10245463	22/09/2010	62,471,688.00	KOTAK MAHINDRA BANK LIMITED	36-38A, NARIMAN BHAVAN, 227,D,, NARIMAN POINT,, M UMBAI, MAHARASHTRA - 400021, INDIA	A96028964
61	10237918	12/08/2010	35,735,418.00	KOTAK MAHINDRA BANK LIMITED	36-38A, NARIMAN BHAVAN, 227,D, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA	A93478980
62	10229107	25/06/2010	36,282,902.00	KOTAK MAHINDRA BANK LIMITED	36-38A, NARIMAN BHAVAN, 227,D, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA	A89100671
63	10230642	15/06/2010	67,853,210.00	SREI EQUIPMENT FINANCE PRIVATE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA	A89814461
64	10201405	19/02/2010	17,376,666.00	GE CAPITAL SERVICES INDIA	AIFACS BUILDING, 1 RAFI MARG, NEW DELHI, DELHI - 110001, INDIA	A79057691
65	10207408	20/05/2010 *	400,000,000.00	ICICI BANK LIMITED	ICICI BANK TOWERS, BANDRA KURLA COMPLEX, MUMBAI, MAHARASHTRA - 400051, INDIA	A87195228
66	10191814	15/03/2010 *	500,000,000.00	LANDT INFRASTRUCTURE FINANCE COMPANY LIMITED	MOUNT POONAMALLEE ROAD, MANAPAKKAM, CHENNAI, TAMIL NADU - 600089, INDIA	A84893155
67	10153715	17/03/2012 *	29,360,000,000.00	STATE BANK OF INDIA	COMMERCIAL BRANCH,N G N VAIDYA MARG,, FORT, MUMBAI, MAHARASHTRA - 400023, INDIA	B36909752
68	10140455	28/02/2009 *	1,250,000,000.00	STATE BANK OF INDIA	COMMERCIAL BRANCH,, N.G.N. VAIDYA MARG (BANK STREET),, MUMBAI, MAHARASHTRA - 400023, INDIA	A60512449
69	10146971	16/10/2008	1,000,000.00	CITICORP FINANCE (I) LIMITED	2ND FLOOR, CITITOWER, 61, DR. S. S. RAO ROAD, PAREL, MUMBAI, MAHARASHTRA - 400012, INDIA	A47954342
70	10137491	16/10/2008	1,620,000.00	CITICORP FINANCE (I) LIMITED	2ND FLOOR, CITITOWER, 61, DR. S. S. RAO ROAD, PAREL, MUMBAI, MAHARASHTRA - 400012, INDIA	A47879622
* DATE OF CHARGE MODIFICATION

REVIEW OF OPERATIONS

Procurement and execution of jobs have been marginally better than previous year resulting in a marginal increase in turnover. Profitability has been lower due to delay in completion of certain projects and losses in some contracts where there was no escalation clause.

The Company’s project in Libya could not commence during the year under review. The Company is still waiting the handing over of the Project Site from the client. It is hopeful the work should recommence during the current financial year i.e. 2013-2014.

SUBSIDIARY COMPANIES

As required under Section 212 of the Companies Act, 1956, the Audited Statement of Annual Accounts and Reports of the subsidiary companies namely Gannon Dunkerley Finance Limited, Gannon Dunkerley Realty Limited, GDC-JLS Tollways Private Limited, and Gannon Dunkerley Middle East WLL for the year ended 31st March, 2013 and of The Jaipur Udyog Limited, for the year ended 30th September 2012, are annexed.

FIXED ASSETS

· Land and Building

· Plant and Machinery

· Equipments

· Vehicles

· Furniture and Fixtures

· Electrical Equipments.

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. 61.04
UK Pound	1	Rs. 100.80
Euro	1	Rs. 84.17

INFORMATION DETAILS

Information Gathered by :	HNA
Report Prepared by :	DPT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	6
--RESERVES	1~10	6
--CREDIT LINES	1~10	6
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	YES
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		52

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.