MIRA INFORM REPORT

Report Date :

20.05.2014

IDENTIFICATION DETAILS

Name :	CELEBRATION CITY PROJECTS PRIVATE LIMITED (w.e.f. 03.06.2008)
Formerly Known As :	VRIDHI MERCHANTS PRIVATE LIMITED
Registered Office :	Flat No 303, 40-41 Nehru Place, New Delhi - 110019
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	31.08.2005
Com. Reg. No.:	55-256701
Capital Investment / Paid-up Capital :	Rs.666.600 Millions
CIN No.: [Company Identification No.]	U51109DL2005PTC256701
PAN No.: [Permanent Account No.]	AACCV2638Q
Legal Form :	Private Limited Liability Company.
Line of Business :	Subject is engaged in the business of real estate development and construction.
No. of Employees :	Not Divulged

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

Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Exist
Comments :	Subject is an established company having moderate track record. The company has incurred a loss from its operation during 2013. 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 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.2,453.2 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 DENIED BY

Name :	Mr. Prahlad Agarwal
Designation :	Account Head
Contact No.:	91-8527887760
Date :	17.05.2014

LOCATIONS

Registered Office :	Flat No 303, 40-41 Nehru Place, New Delhi – 110019, India
Tel. No. :	Not Available
Mobile No. :	91-8527887760 (Mr. Prahlad Agarwal)
Fax No. :	Not Available
E-Mail :	mail@aezindia.net

DIRECTORS

As on 30.09.2013

Name :

Mr. Sanjay Kackar

Designation :

Director

Address :

H-14, Green Park, New Delhi – 110016, India

Date of Birth/Age :

02.02.1964

Date of Appointment :

01.06.2009

DIN No. :

00036558

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	U45201DL2003PTC122412	AERENS AEZ ENTERPRISES PRIVATE LIMITED	Director	10/11/2004	10/11/2004	-	Active	NO
2	U45200DL2003PTC122415	SMART DEVELOPERS PRIVATE LIMITED	Director	10/08/2010	29/01/2005	-	Active	NO
3	U74899DL1983PTC015469	JAB CONSTRUCTIONS PRIVATE LIMITED	Director	30/01/2006	30/01/2006	-	Active	NO
4	U74899DL1987PTC028092	GAWRI BUILDERS PRIVATE LTD.	Director	30/01/2006	30/01/2006	-	Active	NO
5	U70101DL2006PTC145321	FAIRY ESTATES PRIVATE LIMITED	Director	28/08/2008	29/05/2006	-	Active	NO
6	U18101DL2000PTC104303	HERITAGE CREATION PRIVATE LIMITED.	Director	04/07/2006	04/07/2006	-	Active	NO
7	U70101DL1989PTC036426	JNG FARMS PRIVATE LIMITED	Director	06/01/2007	06/01/2007	-	Amalgamated	NO
8	U70109DL2006PTC149998	KARMA PROPBUILD PRIVATE LIMITED	Director	12/01/2007	12/01/2007	-	Amalgamated	NO
9	U45200DL2007PTC159277	SOHNA INFRASTRUCTURES PRIVATE LIMITED	Director	14/02/2007	14/02/2007	01/10/2011	Active	NO
10	U70109DL2007PTC159337	SOHNA PROPERTIES PRIVATE LIMITED	Director	15/02/2007	15/02/2007	01/10/2011	Active	NO
11	U45200DL2007PTC159343	SOHNA DEVELOPERS PRIVATE LIMITED	Director	15/02/2007	15/02/2007	01/10/2011	Active	NO
12	U45200DL2007PTC159493	SOHNA BUILDWELL PRIVATE LIMITED	Director	20/02/2007	20/02/2007	01/10/2011	Active	NO
13	U45200DL2007PTC159481	SOHNA BUILDERS PRIVATE LIMITED	Director	20/02/2007	20/02/2007	01/10/2011	Active	NO
14	U45200DL2007PTC160482	SOHNA BUILDTECH PRIVATE LIMITED	Director	13/03/2007	13/03/2007	16/03/2009	Active	YES
15	U45200DL2007PTC160481	SOHNA HOUSING PRIVATE LIMITED	Director	13/03/2007	13/03/2007	01/10/2011	Active	NO
16	U45200DL2007PTC160647	SOHNA BUILDESTATE PRIVATE LIMITED	Director	16/03/2007	16/03/2007	16/03/2009	Active	YES
17	U45200DL2007PTC160686	SOHNA INFRATECH PRIVATE LIMITED	Director	10/08/2010	19/03/2007	08/12/2011	Active	NO
18	U45400DL2007PTC161845	SOHNA TECHNOBUILD PRIVATE LIMITED	Director	10/04/2007	10/04/2007	-	Active	NO
19	U45400DL2007PTC171832	Shashvata Buildtech Private Limited	Director	26/12/2007	26/12/2007	-	Active	NO
20	U45209DL2007PTC171817	Garrison Constructions Private Limited	Director	26/12/2007	26/12/2007	16/03/2009	Active	YES
21	U45400DL2007PTC171843	Shashvata Realcons Private Limited	Director	27/12/2007	27/12/2007	29/03/2009	Converted to LLP and dissolved	NO
22	U45400DL2007PTC171914	Garrison Builders Private Limited	Director	27/12/2007	27/12/2007	-	Active	NO
23	U45400DL2007PTC171913	Garrison Developers Private Limited	Director	27/12/2007	27/12/2007	27/07/2009	Active	NO
24	U45200DL2007PTC171941	Shashvata Infratech Private Limited	Director	27/12/2007	27/12/2007	15/07/2009	Active	NO
25	U45200DL2007PTC171940	Garrison Realtors Private Limited	Director	27/12/2007	27/12/2007	15/07/2009	Active	NO
26	U70109DL2007PTC171904	Garrison Estates Private Limited	Director	27/12/2007	27/12/2007	16/03/2009	Active	YES
27	U70109DL2007PTC171846	Garrison Buildcons Private Limited	Director	27/12/2007	27/12/2007	15/07/2009	Active	NO
28	U45200DL2007PTC171950	Shashvata Realtech Private Limited	Director	28/12/2007	28/12/2007	05/09/2009	Active	NO
29	U45201DL2004PTC127367	SEVEN HILLS REALTORS PRIVATE LIMITED	Director	10/08/2010	08/04/2008	-	Active	NO
30	U45201DL2004PTC127370	HILL VIEW REALTORS PRIVATE LIMITED	Director	09/08/2010	08/04/2008	-	Active	NO
31	U70101DL1996PTC079968	AERENS ESTATES PRIVATE LIMITED	Director	20/09/2008	08/04/2008	-	Active	NO
32	U92199DL2005PTC139121	KHEMKA SHREY LEISURE PRIVATE LIMITED	Director	28/08/2008	08/04/2008	-	Active	NO
33	U70101DL2004PTC131126	STALWART PROPERTIES PRIVATE LIMITED	Director	28/08/2008	08/04/2008	-	Active	NO
34	U70101DL2004PTC131124	GLARE DEVELOPER PRIVATE LIMITED	Director	16/09/2008	08/04/2008	-	Active	NO
35	U70101DL2004PTC131127	GLARE PROPERTIES PRIVATE LIMITED	Director	16/09/2008	08/04/2008	-	Active	NO
36	U45201DL2004PTC127366	SUVIDHA BUILDWELL PRIVATE LIMITED	Director	10/08/2010	08/04/2008	28/03/2012	Active	NO
37	U70101DL2004PTC131361	WONDERLAND PROPERTIES PRIVATE LIMITED	Director	29/08/2008	08/04/2008	31/03/2011	Active	NO
38	U45200DL2008PTC178856	AERENS CORPORATION PRIVATE LIMITED	Director	07/08/2010	30/05/2008	-	Active	NO
39	U17113DL1997PLC088224	SOMANI WORSTED LIMITED	Director	30/09/2009	22/12/2008	-	Active	NO
40	U45201DL2003PTC122416	AEZ Infratech Private Limited	Additional director	13/01/2009	13/01/2009	28/02/2009	Active	NO
41	U15549DL2002PTC115264	GALAXY INFRASTRUCTURES PRIVATE LIMITED	Director	18/05/2009	18/05/2009	-	Active	NO
42	U74899DL1984PTC017638	JAGATBIR PAPERS INDIA PRIVATE LIMITED	Director	18/05/2009	18/05/2009	-	Active	NO
43	U74899DL1995PLC068464	KHEMKA STUART LEISURE LIMITED	Director	18/05/2009	18/05/2009	30/04/2012	Active	NO
44	U51109DL2005PTC256701	CELEBRATION CITY PROJECTS PRIVATE LIMITED	Director	01/06/2009	01/06/2009	-	Active	NO
45	U70109DL2006PTC150456	ALOHA HOUSING PROJECTS PRIVATE LIMITED	Director	18/08/2009	18/08/2009	-	Active	NO
46	U70109DL2006PTC150455	ALOHA TOWNSHIP PRIVATE LIMITED	Director	18/08/2009	18/08/2009	14/06/2011	Active	NO
47	U45400DL2007PTC169353	ISH REALCONS PRIVATE LIMITED	Director	20/08/2009	20/08/2009	14/06/2011	Active	NO
48	U45400DL2007PTC168747	ISH INFRACON PRIVATE LIMITED	Director	20/08/2009	20/08/2009	02/07/2011	Active	NO
49	U45400DL2007PTC169354	ISH INFRATECH PRIVATE LIMITED	Director	20/08/2009	20/08/2009	02/07/2011	Active	NO
50	U70101DL2004PTC131366	CROSS ROAD ESTATES PRIVATE LIMITED	Director	30/11/2009	30/11/2009	-	Active	NO
51	U74899DL2006PTC144839	HARD ROCK DEVLOPERS PRIVATE LIMITED	Director	30/11/2009	30/11/2009	-	Active	NO
52	U85191DL2006PTC151439	SNEREA MOTHER & CHILD CARE PRIVATE LIMITED.	Director	30/11/2009	30/11/2009	-	Active	NO
53	U70109DL2006PTC150175	SHIMMER DEVELOPERS PRIVATE LIMITED.	Director	30/11/2009	30/11/2009	30/05/2010	Active	NO
54	U55101DL1996PTC083765	AERENS HOTELS PRIVATE LIMITED	Director	02/12/2009	02/12/2009	18/02/2014	Active	NO
55	U70109DL2006PTC150440	HARDSTONE INFRASTRUCTURE PRIVATE LIMITED	Director	02/12/2009	02/12/2009	-	Active	NO
56	U70109DL2006PTC150397	ASHRAY PROPERTIES PRIVATE LIMITED	Director	02/12/2009	02/12/2009	-	Active	NO
57	U70109DL2006PTC150444	ALWAR HOUSING PROJECTS PRIVATE LIMITED	Director	02/12/2009	02/12/2009	-	Active	NO
58	U74899DL2001PTC109425	AGRIGENE BIOCHEM PRIVATE LIMITED	Director	02/12/2009	02/12/2009	-	Active	NO
59	U74300DL2008PTC185738	AEZ ADVERTISING PRIVATE LIMITED	Director	02/12/2009	02/12/2009	-	Active	NO
60	U74899DL2006PTC144840	PLATINUM CLUBS AND INNS PRIVATE LIMITED	Director	03/12/2009	03/12/2009	-	Active	NO
61	U70101DL2004PTC131364	PIOUS REALTORS PRIVATE LIMITED	Director	03/12/2009	03/12/2009	-	Active	NO
62	U72200DL2000PTC107331	AERENS INFOTECH PRIVATE LIMITED	Director	03/12/2009	03/12/2009	-	Active	NO
63	U70109DL2006PTC150365	WONDERLAND MALLS PRIVATE LIMITED	Director	03/12/2009	03/12/2009	-	Active	NO
64	U65991DL1996PLC083766	AERENS MUTUAL BENEFITS LIMITED	Director	03/12/2009	03/12/2009	-	Active	NO
65	U74899DL1995PLC068792	AERENS FINANCE AND HOLDINGS LIMITED	Director	03/12/2009	03/12/2009	-	Active	NO
66	U70101DL2004PTC131362	SKY HIGH REALTORS PRIVATE LIMITED	Director	03/12/2009	03/12/2009	-	Active	NO
67	U74899DL1994PTC060593	SHAGUN PROPERTIES PRIVATE LIMITED	Director	04/12/2009	04/12/2009	-	Active	NO
68	U74899DL2006PTC144493	SNEREA PROPERTIES PRIVATE LIMITED	Director	06/09/2010	01/04/2010	12/06/2013	Active	NO
69	U45201DL2006PTC144495	SHREY PROPERTIES PRIVATE LIMITED	Director	06/09/2010	01/04/2010	12/06/2013	Active	NO
70	U70101DL2006PTC145240	STARTREK REALTORS PRIVATE LIMITED	Director	10/08/2010	02/04/2010	-	Active	NO
71	U45200DL2006PTC153625	VICTORY DUROBUILD PRIVATE LIMITED	Director	25/08/2010	15/05/2010	-	Active	NO
72	U74899DL2006PTC144496	SNEREA BUILDERS PRIVATE LIMITED	Director	28/08/2010	15/05/2010	08/12/2011	Active	NO
73	U70101DL2004PTC131357	CROSS ROAD DEVELOPERS PRIVATE LIMITED	Director	27/09/2010	24/05/2010	-	Active	NO
74	U45201DL2006PTC144494	SNEREA DEVELOPERS PRIVATE LIMITED	Director	10/08/2010	24/05/2010	10/09/2012	Active	NO
75	U70109DL2006PTC149802	RANDOM DEVELOPERS PRIVATE LIMITED	Director	27/08/2011	30/05/2010	-	Active	NO
76	U45201DL2004PTC131301	ALLIANCE BUILDWELL PRIVATE LIMITED	Director	27/08/2011	30/05/2010	-	Active	NO
77	U70101DL2005PTC133586	ADISH ESTATES PRIVATE LIMITED	Director	27/08/2011	30/05/2010	10/09/2012	Active	NO
78	U80302DL2010PTC206149	Edupride Educational Services Private Limited	Director	22/07/2010	22/07/2010	-	Active	NO
79	U74899DL1984PTC019691	RAJHANS SALES PVT LTD	Director	25/03/2011	28/07/2010	-	Active	NO
80	U74899DL1989PTC035104	JNG BUILDERS PRIVATE LIMITED	Director	25/03/2011	28/07/2010	-	Active	NO
81	U70109DL2010PTC207269	Karma Propbuilds Private Limited	Director	19/08/2010	19/08/2010	-	Active	NO
82	U80900DL2010PTC208678	PROVINCE EDUINFRASTRUCTURE PRIVATE LIMITED	Director	23/09/2010	23/09/2010	-	Active	NO
83	U85110DL2009PTC194443	ADIVA HEALTHCARE PRIVATE LIMITED	Director	29/09/2011	03/12/2010	-	Active	NO

Name :

Mr. Madho Prakash Somani

Designation :

Director

Address :

C-417, Chittaranjan Park, New Delhi – 110019, India

Date of Birth/Age :

10.08.1947

Date of Appointment :

30.09.2008

DIN No. :

00137987

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	U51109DL1994PTC207726	EMTEX FABTRADE PVT. LTD.	Director	01/07/2005	01/07/2005	-	Active	NO
2	U51909DL1996PTC264255	MADHUVAN TIEUP PVT LTD	Director	15/07/2005	15/07/2005	-	Active	NO
3	U74899DL1988PTC031385	PALM SPRINGS CURE HOME AND RESEARCH CENTRE PRIVATE LIMITED	Director	12/04/2006	12/04/2006	30/09/2008	Active	NO
4	U45200DL2006PTC153625	VICTORY DUROBUILD PRIVATE LIMITED	Director	29/08/2008	11/10/2007	-	Active	NO
5	U51109DL2005PTC256701	CELEBRATION CITY PROJECTS PRIVATE LIMITED	Director	30/09/2008	08/04/2008	-	Active	NO
6	U74899DL2002PTC114606	INDIRAPURAM HABITAT CENTRE PRIVATE LIMITED	Director	24/02/2009	18/12/2008	-	Active	NO
7	U17113DL1997PLC088224	SOMANI WORSTED LIMITED	Director	30/09/2009	28/02/2009	-	Active	NO
8	U74899DL1989PTC035104	JNG BUILDERS PRIVATE LIMITED	Director	22/07/2010	27/04/2009	-	Active	NO
9	U74899DL1984PTC019691	RAJHANS SALES PVT LTD	Director	22/07/2010	27/04/2009	-	Active	NO
10	U45400DL2007PTC168744	ISHWAR REALTORS PRIVATE LIMITED	Director	24/08/2009	24/08/2009	-	Active	NO

KEY EXECUTIVES

Name :	Ms. Gunjan Bansal
Designation :	Secretary
Address :	A-9, Sanjay Enclave, Uttam Nagar, New Delhi - 110059, India
Date of Birth/Age :	30.01.1990
Date of Appointment :	15.10.2012
PAN No.:	BEOPB0561E
Name :	Mr. Prahlad Agarwal
Designation :	Account Head

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2013

Names of Shareholders	No. of Shares
Sanjeev J. Aeren	97
Sunita S. Aeren	100
Stupefy Infracon Private Limited, India	2476133
Stupefy Infratech Private Limited, India	2476632
Stupefy Developers Private Limited, India	2476727
Alan Developers Private Limited, India	2476727
Alan Realtors Private Limited, India	2476727
Alan Buidcon Private Limited, India	2476727
Alan Realcon Private Limited, India	2476727
Gawri Builders Private Limited, India	1986666
Jab Construction Private Limited, India	584800
Ved Goswami Jointly with Kavitha Goswami	14088534
Alan Builders Private Limited, India	2969400
Alan Developers Private Limited, India	2969400
Alan Realtors Private Limited, India	2969400
Alan Realcon Private Limited, India	2969400
Stupefy Buidcon Private Limited, India	2969400
Stupefy Builders Private Limited, India	2969400
Stypefy Developers Private Limited, India	2969400
Stupefy Infratech Private Limited, India	2969400
Stupefy Infracon Private Limited, India	2969400
Black Gravel Infracobn Private Limited, India	2969400
Alluvion Developers Private Limited, India	2969400
Manish Jain	1
Gita Jain	1
Maple Infrastructures Private Limited, India	1
Total	66660000

As on 15.10.2013

Names of Allottee	No. of Shares
Ved Prakash Goswami	4094736

As on 30.09.2013

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Bodies corporate	78.80
Other top fifty shareholders	21.20
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged in the business of real estate development and construction.

GENERAL INFORMATION

No. of Employees :

Not Divulged

Bankers :

· Bank of India, New Delhi Large Corporate Branch, PTI Building, 4, Parliament Street, New Delhi - 110001, India

· The Federal Bank Limited

· Dena Bank

Facilities :

SECURED LOANS	31.03.2013 (Rs. In Millions)	31.03.2012 (Rs. In Millions)
LONG TERM BORROWINGS
Rupee term loans from bank	71.366	233.906
Total	71.366	233.906

Banking Relations :	--
Auditors :
Name :	Tarun Kandhari and Company Chartered Accountants
Address :	305, Vardhman Gee, Dee Plaza Plot No - 10, Sector-12, Dwarka, Delhi – 110075, India
PAN No. :	AAFFT0235K
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives :	AEZ Infratech Private Limited CIN No.: U45201DL2003PTC122416

CAPITAL STRUCTURE

After 30.09.2013

Authorised Capital : Rs. 720.000 Millions

Issued, Subscribed & Paid-up Capital : Rs. 707.547 Millions

As on 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
70000000	Equity Shares	Rs.10/- each	Rs.700.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
66660000	Equity Shares	Rs.10/- each	Rs.666.600 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	666.600	666.600	666.600
(b) Reserves & Surplus	(197.731)	(100.267)	78.987
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	77.800	77.800	0.000
Total Shareholders’ Funds (1) + (2)	546.669	644.133	745.587
(3) Non-Current Liabilities
(a) long-term borrowings	71.366	233.906	1133.394
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	986.511	721.153	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	1057.877	955.059	1133.394
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	263.578	114.980	16.681
(c) Other current liabilities	1061.921	833.534	489.127
(d) Short-term provisions	0.000	0.000	0.017
Total Current Liabilities (4)	1325.499	948.514	505.825
TOTAL	2930.045	2547.706	2384.806
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	1.073	0.204	0.249
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	17.857	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.000	0.000	0.000
(c) Deferred tax assets (net)	(63.753)	(42.101)	0.214
(d) Long-term Loan and Advances	327.481	364.733	451.612
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	264.801	340.693	452.075
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	2003.463	1825.690	1911.018
(c) Trade receivables	628.261	339.190	0.000
(d) Cash and cash equivalents	5.025	13.265	4.938
(e) Short-term loans and advances	28.495	28.868	16.775
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	2665.244	2207.013	1932.731
TOTAL	2930.045	2547.706	2384.806

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income
		Other Income
		TOTAL	289.127	339.266	0.055
Less	EXPENSES
		Office Expenses
		Administrative Expenses
		Advertising Expenses
		TOTAL	364.938	476.206	0.176
			(Including Financial and Depreciation Expenses)
	PROFIT/ (LOSS) BEFORE TAX		(75.811)	(136.940)	(0.121)
Less	TAX		21.652	42.314	(0.134)
	PROFIT/ (LOSS) AFTER TAX		(97.463)	(179.254)	0.013
	Earnings / (Loss) Per Share (Rs.)		(1.46)	(2.69)	NA

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	(33.71)	(52.84)	23.64
Return on Total Assets (PBT/Total Assets}	(%)	(2.53)	(5.32)	(0.01)
Return on Investment (ROI) (PBT/Networth)		(0.14)	(0.21)	0.00
Debt Equity Ratio (Total Debt/Networth)		0.13	0.36	1.52
Current Ratio (Current Asset/Current Liability)		2.01	2.33	3.82

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	666.600	666.600	666.600
Reserves & Surplus	78.987	(100.267)	(197.731)
Share Application money pending allotment	0.000	77.800	77.800
Net worth	745.587	644.133	546.669
long-term borrowings	1133.394	233.906	71.366
Short term borrowings	0.000	0.000	0.000
Total borrowings	1133.394	233.906	71.366
Debt/Equity ratio	1.520	0.363	0.131

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)
Total Sales	0.055	339.266	289.127
		616,747.273	(14.779)

NET PROFIT MARGIN

Net Profit Margin	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Total Sales	0.055	339.266	289.127
Profit	0.013	(179.254)	(97.463)
	23.64%	(52.84%)	(33.71%)

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	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	-----
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	No
20]	Export / Import details (if applicable)	No
21]	Market information	-----
22]	Litigations that the firm / promoter involved in	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	No

LISTING DETAILS

IN THE HIGH COURT OF DELHI AT NEW DELHI

 CO.PET. 148/2014

M/S SHAHIREALTECH PRIVATE LIMITED..... Petitioner

Through: Mr.Deepak Sinhmar, Advocate

Versus

M/S CELEBRATION CITY PROJECTS PVT. LTD...... Respondent

 Through: Mr.Sachin Puri, Advocate

CORAM:

HON'BLE MR. JUSTICE SANJEEV SACHDEVA

ORDER

01.05.2014

Order dated 2.4.2014 indicates that the matter is part heard.

Subject to orders of Hon?ble the Chief Justice, list before the Court of Hon?ble Mr. Justice Vibhu Bakhru on 25th July, 2014.

 SANJEEV SACHDEVA, J

 MAY 01, 2014/sv

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10124765	06/08/2012 *	434,500,000.00	Bank of India (Lead Bank)	New Delhi Large Corporate Branch, PTI Building, 4, Parliament Street, New Delhi, Delhi - 110001, INDIA	B57009862
2	10124933	06/08/2012 *	434,500,000.00	Bank of India (Lead Bank)	New Delhi Large Corporate Branch, PTI Building, 4, Parliament Street, New Delhi, Delhi - 110001, INDIA	B57009144

* 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.58.43
UK Pound	1	Rs.98.28
Euro	1	Rs.80.12

INFORMATION DETAILS

Information Gathered by :	HTL
Analysis Done by :	RAS
Report Prepared by :	ANK

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	2
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	2
--CREDIT LINES	1~10	3
--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	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.