MIRA INFORM REPORT

Report Date :

11.11.2014

IDENTIFICATION DETAILS

Name :	INOGENT LABORATORIES PRIVATE LIMITED
Registered Office :	Plot 28A, IDA Nacharam, Hyderabad-500076, Andhra Pradesh
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	01.06.2005
Com. Reg. No.:	01-046402
Capital Investment / Paid-up Capital :	Rs. 191.250 Millions
CIN No.: [Company Identification No.]	U24239TG2005PTC046402
IEC No.:	Not Divulged
TAN No.: [Tax Deduction & Collection Account No.]	HYDI01491A
PAN No.: [Permanent Account No.]	AABCI3898N
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is engaged in the business of providing contract research services in the area of drug discovery and development, manufacturing and trading of Active Pharma Ingredients and Intermediates.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

Ba (42)

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

Maximum Credit Limit :	USD 840000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is a subsidiary of GVK Davix Technologies private Limited. It is an established company having satisfactory track record. Profit margin of the company is low. However, the company receives strong financial and managerial support from its holding company. Trade relations are reported as fair. Business is active. Payments terms are reported to be usually correct. In view of strong support received from its holding company, the company can be considered normal for 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 – June 1, 2014

Country Name	Previous Rating (31.03.2014)	Current Rating (01.06.2014)
India	A1	A1

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

INDIAN ECONOMIC OVERVIEW

N E W S

Verdict Implications : Apex court order may alter coal import dynamics. Traders go slow on talks over coal supply contracts, uncertainty over cancellation of blocks weigh on stocks.

Recent arrest of the Chennai head of the Registrar of Companies, the ministry of corporate affairs arm that ensures that companies file all the information required by the Companies Act is the latest manifestation of a messy fight between a father and his adopted son for the control of Rs 40000 mn business empire. The Central Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10 lakhs as bribe from M A M Ramaswamy, a CBI official said.

Central Bureau of Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.

Infosys maintains revenue guidance. COO Rao says attrition still an area of concern and it would take a few more quarters to bring down levels to 13-15 %.

DHL  to invest Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its e-commerce business model for the Asia-Pacific region.

Blackstone may buy stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.

Kingfisher Airlines Ltd grounded in October 2012 under the weight of heavy debt and accumulated losses, recently approached the Delhi high court for relief in two separate cases. The airline challenged a notice by Punjab & National Bank alleging that It had wilfully defaulted on Rs 7700 mn of loans and sought more time to comply with the requirements under the listing agreements with the Stock Exchanges.

OnMobile likely to sack another 300 employees. The lay-offs follow a spate of senior-level exits over the past two years, starting with of its founder. The overall lay-offs could number around 600 and are driven by the need to cut costs, says a former employee.

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	Long Term Rating A+ (SO) / Positive
Rating Explanation	Adequate Degree of Safety. It Carry Low Credit Risk.
Date	August 8, 2014

Rating Agency Name	CRISIL
Rating	Short Term Rating A1+ (SO)
Rating Explanation	Very Strong Degree of Safety and Carry Lowest Credit Risk.
Date	August 8, 2014

RBI DEFAULTERS’ LIST STATUS

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

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

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

Subject’s name has been found enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2014.

INFORMATION DECLINED

Management non-co-operative (91-40-27171822)

LOCATIONS

Registered Office :	Plot 28A, IDA Nacharam, Hyderabad-500076, Andhra Pradesh, India
Tel. No.:	91-40-27171822 / 27172828 / 66929999
Fax No.:	91-40-27151270 / 66929900
E-Mail :	compliances@gvkbio.com
Website :	www.gvkbio.com

DIRECTORS

As on 17.06.2014

Name :

Mr. Krishna Reddy Venkata Gunapati

Designation :

Chairman

Address :

H No. 6-3-250/A/1, Road No.1, Banjara Hills, Hyderabad-500034, Andhra Pradesh, Indi

Date of Birth/Age :

22.03.1937

Date of Appointment :

01.06.2005

DIN No.:

00005212

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	L55101TG1984PLC004941	NOVOPAN INDUSTRIES LIMITED	Director	31/08/1984	31/08/1984	-	Active	NO
2	U63040TG1983PTC004176	ORBIT TRAVEL AND TOURS PRIVATE LIMITED	Director	16/06/1986	16/06/1986	-	Active	NO
3	U11100AP1982PTC003610	CASUARINA CAPITAL AND FINANCE PRIVATE LIMITED	Director	08/12/1989	08/12/1989	-	Amalgamated	NO
4	U74999AP1992PLC014388	GVK INDUSTRIES LIMITED	Director	18/06/1992	18/06/1992	-	Active	NO
5	U40109TG1994PTC018054	GVK POWER (KRISHNAPATNAM) PRIVATE LIMITED	Director	04/08/1994	04/08/1994	16/05/2006	Under Process of Striking off	NO
6	L40109AP1995PLC019349	TAJ GVK HOTELS AND RESORTS LIMITED	Director	12/05/2014	02/02/1995	-	Active	NO
7	U67120TG1995PLC020293	PINAKINI SHARE AND STOCK BROKERS LIMITED	Director	27/05/1995	27/05/1995	-	Active	NO
8	U65993AP1993PTC016325	CASPIAN CAPITAL AND FINANCE PRIVATE LIMITED	Director	22/04/1996	22/04/1996	-	Amalgamated	NO
9	U26940TG1996PTC025900	GVK CEMENTS PRIVATE LIMITED	Director	06/12/1996	06/12/1996	16/05/2006	Under Process of Striking off	NO
10	U40101TG1997PTC026962	GVK POWER (RATLAM) PVT LTD	Director	25/04/1997	25/04/1997	16/05/2006	Under Process of Striking off	NO
11	U40109TG1997PLC028483	GVK POWER (GOINDWAL SAHIB) LIMITED	Director	26/07/2008	04/12/1997	27/10/2012	Active	NO
12	U72200TG2000PTC033233	GVK PROPERTIES AND MANAGEMENT COMPANY PRIVATE LIMITED	Director	05/01/2000	05/01/2000	-	Active	NO
13	U55101TG1973PTC001614	PAIGAH HOUSE HOTELS PRIVATE LIMITED	Director	28/08/2000	28/08/2000	-	Active	NO
14	U72900TG2001PTC036018	GVK CITY PRIVATE LIMITED	Director	09/01/2001	09/01/2001	-	Active	NO
15	U45203AP2002PTC063406	GVK JAIPUR EXPRESSWAY PRIVATE LIMITED	Director	01/04/2002	01/04/2002	-	Active	NO
16	U74999TG2000PTC035826	GVK BIOSCIENCES PRIVATE LIMITED	Director	07/06/2002	07/06/2002	-	Active	NO
17	U67120AP2002PTC075153	VERTEX INFRATECH PRIVATE LIMITED	Director	26/06/2002	26/06/2002	-	Amalgamated	NO
18	U40102TG1996PLC024970	GVK GAUTAMI POWER LIMITED	Director	07/07/2003	07/07/2003	-	Active	NO
19	U65993AP2003PTC040742	ZINGER INVESTMENTS PRIVATE LIMITED	Director	05/09/2003	05/09/2003	-	Amalgamated	NO
20	U74140TG2003PTC042307	GVK TECHNICAL AND CONSULTANCY SERVICES PRIVATE LIMITED	Director	24/12/2003	24/12/2003	16/05/2006	Active	NO
21	U72200TG2005PTC045481	GVK DAVIX TECHNOLOGIES PRIVATE LIMITED	Director	25/02/2005	25/02/2005	-	Active	NO
22	L74999AP2005PLC059013	GVK POWER & INFRASTRUCTURE LIMITED	Managing director	14/10/2013	20/04/2005	-	Active	NO
23	U24239TG2005PTC046402	INOGENT LABORATORIES PRIVATE LIMITED	Director	01/06/2005	01/06/2005	-	Active	NO
24	U62200TG2005PTC046505	GVK AIRPORT HOLDINGS PRIVATE LIMITED	Director	10/06/2005	10/06/2005	-	Active	NO
25	U62200TG2005PTC046510	GVK AIRPORT DEVELOPERS PRIVATE LIMITED	Director	10/06/2005	10/06/2005	20/08/2012	Active	NO
26	U31200AP2005PTC046572	GVK HYDEL PRIVATE LIMITED	Director	17/06/2005	17/06/2005	-	Amalgamated	NO
27	U10101TG2005PTC047275	GVK COAL (TOKISUD) COMPANY PRIVATE LIMITED	Director	29/08/2005	29/08/2005	11/02/2008	Active	NO
28	U40100TG1996PLC074796	ALAKNANDA HYDRO POWER COMPANY LIMITED	Director	13/11/2005	13/11/2005	27/10/2012	Active	NO
29	U55101TG2006PTC048766	GREENRIDGE HOTELS AND RESORTS PRIVATE LIMITED	Director	13/01/2006	13/01/2006	01/12/2008	Converted to LLP	NO
30	U45203TG2004PTC081081	GVK ENERGY VENTURES PRIVATE LIMITED	Director	28/09/2006	01/04/2006	-	Active	NO
31	U45200MH2006PTC160164	MUMBAI INTERNATIONAL AIRPORT PRIVATE LIMITED	Whole-time director	01/02/2012	19/04/2006	-	Active	NO
32	U45201AP2006PLC063916	VERTEX PROJECTS LIMITED	Director	24/04/2006	24/04/2006	15/03/2008	Active	NO
33	U40101TG2006PTC073854	GORIGANGA HYDRO POWER PRIVATE LIMITED	Director	25/05/2006	25/05/2006	11/02/2008	Active	NO
34	U40109AP2003PTC040724	GVK ENERGY HOLDINGS PRIVATE LIMITED	Director	30/09/2006	30/09/2006	-	Amalgamated	NO
35	U45200JH2003PTC010324	VERTEX INFRASTRUCTURE PRIVATE LIMITED	Director	01/11/2006	01/11/2006	-	Strike off	NO
36	U74140DL2004PTC126850	BOWSTRING PROJECTS AND INVESTMENTS PRIVATE LIMITED	Director	15/11/2006	15/11/2006	-	Amalgamated	NO
37	U45201TG2004PTC074228	METRO ARCHITECTS AND CONTRACTORS PRIVATE LIMITED	Director	15/11/2006	15/11/2006	-	Amalgamated	NO
38	U01122DL2005PTC141746	GREEN GARDEN HORTICULTURE PVT LTD	Director	15/11/2006	15/11/2006	-	Amalgamated	NO
39	U45200TG2006PTC051693	BANGALORE AIRPORT & INFRASTRUCTURE DEVELOPERS PRIVATE LIMITED	Director	16/11/2006	16/11/2006	-	Active	NO
40	U70102TG2006PTC051851	KRGV LAND HOLDINGS PRIVATE LIMITED	Director	30/11/2006	30/11/2006	-	Strike off	NO
41	U70102TG2006PTC051853	IKR LAND HOLDINGS PRIVATE LIMITED	Director	30/11/2006	30/11/2006	-	Strike off	NO
42	U45209DL2006PTC156157	GVK PERAMBALUR SEZ PRIVATE LIMITED	Director	04/12/2006	04/12/2006	27/10/2012	Active	NO
43	U45200MH2007PTC168807	MUMBAI AIRPORT HABITATION PRIVATE LIMITED	Director	15/03/2007	15/03/2007	-	Active	NO
44	U93090TG2007PTC063414	GVK AVIATION PRIVATE LIMITED	Additional director	29/11/2008	21/03/2007	-	Amalgamated	NO
45	U45200MH2007PTC169174	NAVI MUMBAI AIRPORT DEVELOPERS PRIVATE LIMITED	Director	26/03/2007	26/03/2007	-	Active	NO
46	U45400TG2007PTC054816	GVK VIRUDHUNAGAR SEZ PRIVATE LIMITED	Director	17/07/2007	17/07/2007	-	Active	NO
47	U40103TG2007PTC055021	GAUTAMI POWER (SAMALKOT) PRIVATE LIMITED	Director	04/08/2007	04/08/2007	-	Amalgamated	NO
48	U40105TG2008PLC057645	GVK OIL & GAS LIMITED	Director	18/02/2008	18/02/2008	-	Active	NO
49	U40102AP2008PLC058683	GVK ENERGY LIMITED	Director	15/04/2008	15/04/2008	-	Active	NO
50	U62200MH2008PTC186673	MUMBAI AEROTROPOLIS PRIVATE LIMITED	Director	11/09/2008	11/09/2008	-	Active	NO
51	U45203KA2001PLC028418	BANGALORE INTERNATIONAL AIRPORT LIMITED	Director	16/07/2010	19/01/2010	-	Active	NO
52	U63000MH2010PTC200463	MUMBAI AVIATION FUEL FARM FACILITY PRIVATE LIMITED	Director	26/02/2010	26/02/2010	-	Active	NO
53	U45206TG2006PLC063563	GVK PROJECTS AND TECHNICAL SERVICES LIMITED	Director	30/09/2010	24/03/2010	-	Active	NO
54	U14200TG2011PTC072654	GVK NATURAL RESOURCES PRIVATE LIMITED	Director	19/07/2011	21/03/2011	-	Active	NO
55	U85100TG2011NPL075243	GVK EMERGENCY MANAGEMENT & RESEARCH INSTITUTE	Director	28/06/2011	28/06/2011	-	Active	NO
56	U85100TG2011NPL077389	GVK EMRI (UP)	Director	11/11/2011	11/11/2011	-	Active	NO
57	U74120MH2012PTC230601	MUMBAI AIRPORT MEET AND ASSIST SERVICES PRIVATE LIMITED	Director	03/05/2012	03/05/2012	-	Active	NO
58	U74120MH2012PTC230869	MUMBAI AIRPORT SAHAR CARGO TERMINAL PRIVATE LIMITED	Director	10/05/2012	10/05/2012	-	Strike off	NO
59	U74999MH2012PTC230925	MUMBAI AIRPORT SAHAR CAR PARKING SERVICES PRIVATE LIMITED	Director	11/05/2012	11/05/2012	-	Strike off	NO
60	U74120MH2012PTC232573	MUMBAI AIRPORT SUPPORT SERVICES PRIVATE LIMITED	Director	25/06/2012	25/06/2012	-	Strike off	NO
61	U45400TG2012PTC083435	ROCKLINE TECHNICAL SERVICES PRIVATE LIMITED	Director	05/10/2012	05/10/2012	06/10/2012	Active	NO
62	U45400TG2012PTC083434	NOVA RAISORS PRIVATE LIMITED	Director	05/10/2012	05/10/2012	06/10/2012	Converted to LLP	NO
63	U45400TG2012PTC083433	BLUE STREAK CONSTRUCTION PRIVATE LIMITED	Director	05/10/2012	05/10/2012	29/03/2013	Active	NO
64	U65999TG2006PTC051869	STARLET LAND HOLDINGS PRIVATE LIMITED	Director	27/09/2013	05/12/2012	-	Active	NO
65	U91990TG2001PTC036666	GREEN WOODS PALACES AND RESORTS PRIVATE LIMITED	Director	30/07/2013	04/02/2013	-	Active	NO
66	U74120TG2012PTC083621	MARWELL MANAGEMENT & CONSULTANTS PRIVATE LIMITED	Director	30/09/2013	11/03/2013	-	Converted to LLP	NO
67	U70102TG2007PTC052571	CYGNUS REAL ESTATES PRIVATE LIMITED	Director	30/09/2014	28/06/2014	-	Active	NO
68	AAA-4615	GREENRIDGE MANAGEMENT & TECHNICAL SERVICES LLP	Designated Partner	27/04/2011	27/04/2011	-	Active	NO
69	AAC-6753	MARWELL MANAGEMENT & CONSULTANTS LLP	Designated Partner	05/09/2014	05/09/2014	-	Active	NO
70	AAB-1502	UBIQUITOUS CONSTRUCTION LLP	Designated Partner	18/09/2014	18/09/2014	-	Active	NO
71	AAC-8268	PINAKINI WEALTH ADVISORS LLP	Designated Partner	17/10/2014	17/10/2014	-	Active	NO

Name :

Mr. Davinder Singh Brar

Designation :

Director

Address :

Greenfields Farm, Gadaipur-Jaunapur Road, Village-Jaunapur, Tehsil-Mehrauli, New Delhi-110030, India

Date of Birth/Age :

21.08.1952

Date of Appointment :

30.09.2005

DIN No.:

00068502

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	U74899DL1991PTC046085	SURAJ HOTELS PRIVATE LIMITED	Director	31/03/1994	31/03/1994	-	Active	NO
2	U74899DL1991PTC046086	SURAJ OVERSEAS PRIVATE LIMITED	Director	22/01/1996	22/01/1996	-	Active	NO
3	U74899DL1991PTC045031	MADHUBANI INVESTMENTS PRIVATE LIMITED	Director	24/01/1996	24/01/1996	-	Active	NO
4	U74899DL1989PTC036489	GREEN VALLY LAND AND DEVELOPMENT PRIVATE LIMITED	Director	18/12/1997	18/12/1997	-	Active	NO
5	U74140DL2004PTC124406	DAVIX MANAGAEMENT SERVICES PRIVATE LIMITED	Director	03/02/2004	03/02/2004	-	Active	NO
6	U74999TG2000PTC035826	GVK BIOSCIENCES PRIVATE LIMITED	Director	26/07/2004	26/07/2004	-	Active	NO
7	U72200TG2005PTC045481	GVK DAVIX TECHNOLOGIES PRIVATE LIMITED	Director	25/02/2005	25/02/2005	-	Active	NO
8	U24239TG2005PTC046402	INOGENT LABORATORIES PRIVATE LIMITED	Director	30/09/2005	30/09/2005	-	Active	NO
9	U73100TG2006PTC049287	GVK DAVIX RESEARCH PRIVATE LIMITED	Director	24/02/2006	24/02/2006	-	Active	NO
10	L30007KA1992PLC025294	MPHASIS LIMITED	Director	08/04/2006	08/04/2006	-	Active	NO
11	U73100DL2007PTC247376	INC RESEARCH CDS SERVICES PRIVATE LIMITED	Director	21/05/2007	21/05/2007	05/01/2012	Active	NO
12	L34103DL1981PLC011375	MARUTI SUZUKI INDIA LIMITED	Director	27/06/2007	27/06/2007	-	Active	NO
13	U24233DL2007PTC169417	DAVIX PHARMACEUTICALS PRIVATE LIMITED	Director	15/10/2007	15/10/2007	-	Active	NO
14	U85191MH2011PTC223090	GXP PHARMACEUTICALS PRIVATE LIMITED	Director	20/03/2013	30/03/2012	29/10/2013	Active	NO
15	L24230MH1999PLC120720	WOCKHARDT LIMITED	Director	13/09/2012	06/08/2012	-	Active	NO
16	U72200TG2014PTC093303	GVK INFORMATICS PRIVATE LIMITED	Director	04/03/2014	04/03/2014	-	Active	NO
17	U24239AP1978PLC002276	GLAND PHARMA LTD	Director	17/06/2014	17/06/2014	-	Active	NO

Name :

Mr. Sanjay Reddy Venkata Gunapati

Designation :

Director

Address :

H No. 6-3-250/A/1, Road No.1, Banjara Hills, Hyderabad-500034, Andhra Pradesh, Indi

Date of Birth/Age :

18.11.1964

Date of Appointment :

01.06.2005

DIN No.:

00005282

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	L55101TG1984PLC004941	NOVOPAN INDUSTRIES LIMITED	Director	01/09/1984	01/09/1984	27/01/2010	Active	NO
2	U45200TG1988PTC008666	VULCON CONSTRUCTIONS PVT LTD	Director	23/05/1988	23/05/1988	-	Active	NO
3	U63040TG1983PTC004176	ORBIT TRAVEL AND TOURS PRIVATE LIMITED	Director	09/02/1989	09/02/1989	-	Active	NO
4	U11100AP1982PTC003610	CASUARINA CAPITAL AND FINANCE PRIVATE LIMITED	Director	03/02/1990	03/02/1990	-	Amalgamated	NO
5	U74999AP1992PLC014388	GVK INDUSTRIES LIMITED	Director	18/06/1992	18/06/1992	-	Active	NO
6	U70102TG1989PTC010164	DELTA LAND HOLDINGS PVT. LTD.	Director	06/11/1992	06/11/1992	-	Active	NO
7	U45200TG1989PTC010144	RAGHAVENDRA LAND HOLDINGS PVT. LTD.	Director	30/12/1992	30/12/1992	-	Active	NO
8	U70102TG1989PTC010159	PINNACLE LAND HOLDINGS PVT. LTD.	Director	30/12/1992	30/12/1992	-	Active	NO
9	U70102TG1989PTC010172	MARRIOT LAND HOLDINGS PVT. LTD.	Director	30/12/1992	30/12/1992	-	Active	NO
10	U45200TG1989PTC010136	BONANZA REAL ESTATES PVT. LTD.	Director	30/12/1992	30/12/1992	-	Active	NO
11	U70102TG1989PTC010165	ALLIED ESTATES PVT. LTD.	Director	30/12/1992	30/12/1992	-	Active	NO
12	U63040TG1980PTC002804	PARTHASARATHI AIR CONDITIONED TOURISTS PVT LTD	Director	30/12/1992	30/12/1992	-	Converted to LLP	NO
13	U45200TG1993PTC015682	SUN SHINE PROPERTIES PVT LTD	Director	23/04/1993	23/04/1993	-	Strike off	NO
14	U40109TG1994PTC018054	GVK POWER (KRISHNAPATNAM) PRIVATE LIMITED	Director	04/08/1994	04/08/1994	-	Under Process of Striking off	NO
15	L40109AP1995PLC019349	TAJ GVK HOTELS AND RESORTS LIMITED	Director	02/02/1995	02/02/1995	-	Active	NO
16	U55101TG1973PTC001614	PAIGAH HOUSE HOTELS PRIVATE LIMITED	Director	10/08/1995	10/08/1995	-	Active	NO
17	U65993AP1993PTC016325	CASPIAN CAPITAL AND FINANCE PRIVATE LIMITED	Director	01/03/1996	01/03/1996	-	Amalgamated	NO
18	U26940TG1996PTC025900	GVK CEMENTS PRIVATE LIMITED	Director	06/12/1996	06/12/1996	11/02/2008	Under Process of Striking off	NO
19	U40101TG1997PTC026962	GVK POWER (RATLAM) PVT LTD	Director	25/04/1997	25/04/1997	-	Under Process of Striking off	NO
20	U40109TG1997PLC028483	GVK POWER (GOINDWAL SAHIB) LIMITED	Director	04/12/1997	04/12/1997	-	Active	NO
21	U72200TG2000PTC033233	GVK PROPERTIES AND MANAGEMENT COMPANY PRIVATE LIMITED	Director	05/01/2000	05/01/2000	26/07/2008	Active	NO
22	U70102TG1989PTC010113	PACE ESTATE PVT. LTD.	Director	26/08/2000	26/08/2000	-	Active	NO
23	U65993TG1989PTC010156	EAGLE LAND HOLDINGS PVT. LTD.	Director	26/08/2000	26/08/2000	-	Active	NO
24	U70102TG1989PTC010171	ANCHOR ESTATES PVT. LTD.	Director	26/08/2000	26/08/2000	-	Active	NO
25	U45100TG1988PTC008668	ACCURA CONSTRUCIONS PVT LTD	Director	26/08/2000	26/08/2000	-	Active	NO
26	U65993TG1988PTC008669	PACE CONSTRUCTIONS PVT LTD	Director	26/08/2000	26/08/2000	-	Active	NO
27	U65993TG1988PTC008667	AMTRAN CONSTRUCTIONS PVT LTD	Director	28/08/2000	28/08/2000	-	Active	NO
28	U45201TG1989PTC010132	OXFORD LAND HOLDING PVT. LTD.	Director	30/08/2000	30/08/2000	-	Active	NO
29	U45200TG1989PTC010081	ROCKTOWN ESTATES PRIVATE LIMITED	Director	30/08/2000	30/08/2000	-	Active	NO
30	U45200TG1989PTC010107	FAIR VALUE LAND HOLDINGS PRIVATE LIMITED	Director	31/08/2000	31/08/2000	-	Active	NO
31	U45200TG1989PTC010143	CONSOLIDATED REAL ESTATES PVT. LTD.	Director	31/08/2000	31/08/2000	-	Active	NO
32	U74999TG2000PTC035826	GVK BIOSCIENCES PRIVATE LIMITED	Director	08/04/2010	07/12/2000	-	Active	NO
33	U72900TG2001PTC036018	GVK CITY PRIVATE LIMITED	Director	09/01/2001	09/01/2001	26/07/2008	Active	NO
34	U91990TG2001PTC036666	GREEN WOODS PALACES AND RESORTS PRIVATE LIMITED	Director	04/05/2001	04/05/2001	06/04/2010	Active	NO
35	U40109TG2001PTC038277	GVK POWER (JEGURUPADU) PRIVATE LIMITED	Director	27/12/2001	27/12/2001	-	Amalgamated	NO
36	U45203AP2002PTC063406	GVK JAIPUR EXPRESSWAY PRIVATE LIMITED	Director	01/04/2002	01/04/2002	-	Active	NO
37	U67120AP2002PTC075153	VERTEX INFRATECH PRIVATE LIMITED	Director	25/06/2002	25/06/2002	-	Amalgamated	NO
38	U40101HP2002PTC025234	DHAULASIDH POWER PRIVATE LIMITED	Director	01/07/2002	01/07/2002	30/09/2012	Active	NO
39	U40109AP2003PTC040724	GVK ENERGY HOLDINGS PRIVATE LIMITED	Director	27/03/2003	27/03/2003	-	Amalgamated	NO
40	U40102TG1996PLC024970	GVK GAUTAMI POWER LIMITED	Director	01/07/2007	07/07/2003	-	Active	NO
41	U65993AP2003PTC040742	ZINGER INVESTMENTS PRIVATE LIMITED	Director	05/09/2003	05/09/2003	-	Amalgamated	NO
42	U74140TG2003PTC042307	GVK TECHNICAL AND CONSULTANCY SERVICES PRIVATE LIMITED	Director	24/12/2003	24/12/2003	30/06/2012	Active	NO
43	U67120TG1995PLC020293	PINAKINI SHARE AND STOCK BROKERS LIMITED	Director	01/06/2004	01/06/2004	-	Active	NO
44	U72200TG2005PTC045481	GVK DAVIX TECHNOLOGIES PRIVATE LIMITED	Director	25/02/2005	25/02/2005	-	Active	NO
45	L74999AP2005PLC059013	GVK POWER & INFRASTRUCTURE LIMITED	Director	20/04/2005	20/04/2005	-	Active	NO
46	U24239TG2005PTC046402	INOGENT LABORATORIES PRIVATE LIMITED	Director	01/06/2005	01/06/2005	-	Active	NO
47	U45201KA2005PTC036498	GENESIS REALTORS PRIVATE LIMITED	Director	08/06/2005	08/06/2005	24/09/2012	Active	NO
48	U62200TG2005PTC046505	GVK AIRPORT HOLDINGS PRIVATE LIMITED	Director	10/06/2005	10/06/2005	-	Active	NO
49	U62200TG2005PTC046510	GVK AIRPORT DEVELOPERS PRIVATE LIMITED	Director	10/06/2005	10/06/2005	20/08/2012	Active	NO
50	U31200AP2005PTC046572	GVK HYDEL PRIVATE LIMITED	Director	17/06/2005	17/06/2005	-	Amalgamated	NO
51	U10101TG2005PTC047275	GVK COAL (TOKISUD) COMPANY PRIVATE LIMITED	Director	29/08/2005	29/08/2005	11/02/2008	Active	NO
52	U40100TG1996PLC074796	ALAKNANDA HYDRO POWER COMPANY LIMITED	Director	13/11/2005	13/11/2005	-	Active	NO
53	U55101TG2006PTC048766	GREENRIDGE HOTELS AND RESORTS PRIVATE LIMITED	Director	13/01/2006	13/01/2006	01/12/2008	Converted to LLP	NO
54	U73100TG2006PTC049287	GVK DAVIX RESEARCH PRIVATE LIMITED	Director	24/02/2006	24/02/2006	-	Active	NO
55	U45203TG2004PTC081081	GVK ENERGY VENTURES PRIVATE LIMITED	Director	28/09/2006	01/04/2006	-	Active	NO
56	U45200MH2006PTC160164	MUMBAI INTERNATIONAL AIRPORT PRIVATE LIMITED	Managing director	19/04/2006	19/04/2006	-	Active	NO
57	U45201AP2006PLC063916	VERTEX PROJECTS LIMITED	Director	24/04/2006	24/04/2006	15/03/2008	Active	NO
58	U40101TG2006PTC073854	GORIGANGA HYDRO POWER PRIVATE LIMITED	Director	25/05/2006	25/05/2006	11/02/2008	Active	NO
59	U45200JH2003PTC010324	VERTEX INFRASTRUCTURE PRIVATE LIMITED	Director	01/11/2006	01/11/2006	-	Strike off	NO
60	U45201TG2004PTC074228	METRO ARCHITECTS AND CONTRACTORS PRIVATE LIMITED	Director	15/11/2006	15/11/2006	-	Amalgamated	NO
61	U74140DL2004PTC126850	BOWSTRING PROJECTS AND INVESTMENTS PRIVATE LIMITED	Director	15/11/2006	15/11/2006	-	Amalgamated	NO
62	U45200TG2006PTC051693	BANGALORE AIRPORT & INFRASTRUCTURE DEVELOPERS PRIVATE LIMITED	Director	16/11/2006	16/11/2006	-	Active	NO
63	U70102TG2006PTC051892	PLATEAU LAND HOLDINGS PRIVATE LIMITED	Director	04/12/2006	04/12/2006	-	Strike off	NO
64	U65999TG2006PTC051878	GSR LAND HOLDINGS PRIVATE LIMITED	Director	04/12/2006	04/12/2006	-	Strike off	NO
65	U45209DL2006PTC156157	GVK PERAMBALUR SEZ PRIVATE LIMITED	Director	05/12/2006	05/12/2006	-	Active	NO
66	U70102TG2006PTC051905	SBSR LAND HOLDINGS PRIVATE LIMITED	Director	05/12/2006	05/12/2006	-	Strike off	NO
67	U45200MH2007PTC168807	MUMBAI AIRPORT HABITATION PRIVATE LIMITED	Director	15/03/2007	15/03/2007	-	Active	NO
68	U45200MH2007PTC169174	NAVI MUMBAI AIRPORT DEVELOPERS PRIVATE LIMITED	Director	26/03/2007	26/03/2007	-	Active	NO
69	U70102TG1989PTC010162	MALLIKARJUNA ESTATES PVT. LTD.	Director	31/03/2007	31/03/2007	-	Active	NO
70	U73100DL2007PTC247376	INC RESEARCH CDS SERVICES PRIVATE LIMITED	Director	21/05/2007	21/05/2007	05/01/2012	Active	NO
71	U45400TG2007PTC054816	GVK VIRUDHUNAGAR SEZ PRIVATE LIMITED	Director	17/07/2007	17/07/2007	-	Active	NO
72	U40103TG2007PTC055021	GAUTAMI POWER (SAMALKOT) PRIVATE LIMITED	Director	04/08/2007	04/08/2007	-	Amalgamated	NO
73	U74140DL2006PTC156789	GVK DEVELOPMENTAL PROJECTS PRIVATE LIMITED	Director	23/07/2010	01/02/2008	-	Active	NO
74	U40105TG2008PLC057645	GVK OIL & GAS LIMITED	Director	18/02/2008	18/02/2008	-	Active	NO
75	U62200MH2008PTC186673	MUMBAI AEROTROPOLIS PRIVATE LIMITED	Director	11/09/2008	11/09/2008	-	Active	NO
76	U70102TG2006PTC052169	APPEASE ESTATES PRIVATE LIMITED	Director	30/06/2009	30/06/2009	-	Active	NO
77	U70102TG2006PTC052168	REGULUS ESTATES PRIVATE LIMITED	Director	30/06/2009	30/06/2009	-	Active	NO
78	U45203KA2001PLC028418	BANGALORE INTERNATIONAL AIRPORT LIMITED	Managing director	09/04/2013	19/01/2010	-	Active	NO
79	U63000MH2010PTC200463	MUMBAI AVIATION FUEL FARM FACILITY PRIVATE LIMITED	Director	26/02/2010	26/02/2010	-	Active	NO
80	U40102AP2008PLC058683	GVK ENERGY LIMITED	Director	01/08/2011	30/07/2010	-	Active	NO
81	U14200TG2011PTC072654	GVK NATURAL RESOURCES PRIVATE LIMITED	Director	17/02/2011	17/02/2011	-	Active	NO
82	U85100TG2011NPL075243	GVK EMERGENCY MANAGEMENT & RESEARCH INSTITUTE	Director	28/06/2011	28/06/2011	-	Active	NO
83	U74120MH2012PTC230601	MUMBAI AIRPORT MEET AND ASSIST SERVICES PRIVATE LIMITED	Director	03/05/2012	03/05/2012	-	Active	NO
84	U74120MH2012PTC230869	MUMBAI AIRPORT SAHAR CARGO TERMINAL PRIVATE LIMITED	Director	10/05/2012	10/05/2012	-	Strike off	NO
85	U74999MH2012PTC230925	MUMBAI AIRPORT SAHAR CAR PARKING SERVICES PRIVATE LIMITED	Director	11/05/2012	11/05/2012	-	Strike off	NO
86	U74120MH2012PTC232573	MUMBAI AIRPORT SUPPORT SERVICES PRIVATE LIMITED	Director	25/06/2012	25/06/2012	-	Strike off	NO
87	U85100TG2011NPL077389	GVK EMRI (UP)	Director	27/09/2012	27/09/2012	-	Active	NO
88	U45400TG2012PTC083435	ROCKLINE TECHNICAL SERVICES PRIVATE LIMITED	Director	05/10/2012	05/10/2012	-	Active	NO
89	U45400TG2012PTC083434	NOVA RAISORS PRIVATE LIMITED	Director	05/10/2012	05/10/2012	06/10/2012	Converted to LLP	NO

Name :

Mr. Shernaz Firoze Vakil

Designation :

Director

Address :

67 E/F, Shamiana 301, Walkeswar Road, Mumbai-400006, Maharashtra, India

Date of Birth/Age :

16.06.1951

Date of Appointment :

24.11.2005

DIN No.:

00002519

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	L65990MH1977PLC019985	ROSE INVESTMENTS LIMITED	Director	18/05/1978	18/05/1978	-	Active	NO
2	L24100MH1960PLC011681	DAI-ICHI KARKARIA LIMITED	Managing director	26/02/1979	26/02/1979	-	Active	NO
3	U24110MH1984PTC032306	NETWORK CHEMICALS PVT LTD	Director	29/02/1984	29/02/1984	-	Active	NO
4	U65900MH1986PTC040650	UNITEL FINANCE AND INVESTMENTS PRIVATE LIMITED	Director	19/08/1986	19/08/1986	-	Active	NO
5	U24300MH1989PLC052085	INDIAN OXIDES AND CHEMICALS LIMITED	Director	07/06/1989	07/06/1989	-	Active	NO
6	U24110MH1990PLC055089	CHAMPION DAI-ICHI TECHNOLOGIES INDIA LIMITED	Director	17/01/1990	17/01/1990	-	Active	NO
7	U24110MH1990PTC056807	PERFORMANCE POLYMERS AND CHEMICALS PRIVATE LIMITED	Director	11/06/1990	11/06/1990	-	Active	NO
8	U24100MH1991PLC059922	DAI-ICHI GOSEICHEMICALS (INDIA) LTD	Director	22/01/1991	22/01/1991	-	Active	NO
9	U24239TG2005PTC046402	INOGENT LABORATORIES PRIVATE LIMITED	Director	24/11/2005	24/11/2005	29/08/2014	Active	NO
10	U99999MH1961PTC012216	CHEMICALS AND FERRO ALLOYS PRIVATE LIMITED	Director	29/09/2006	09/08/2006	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 17.06.2014

.

Equity Shareholders

Names of Shareholders	No. of Shares
GVK Davix Technologies Private Limited, India	8308750
GVK Biosciences Private Limited, India	6828750
Dai-Ichi Karkaria Limited, India	987500
TOTAL	16125000

Preference Shareholders

Names of Shareholders	No. of Shares
GVK Biosciences Private Limited, India	300000
TOTAL	300000

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Bodies corporate	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Subject is engaged in the business of providing contract research services in the area of drug discovery and development, manufacturing and trading of Active Pharma Ingredients and Intermediates.
Products :	Not Divulged
Brand Names :	Not Divulged
Agencies Held :	Not Divulged
Exports :	Not Divulged
Imports :	Not Divulged
Terms :	Not Divulged

GENERAL INFORMATION

Suppliers :

Not Divulged

Customers :

Not Divulged

No. of Employees :

Not Divulged

Bankers :

• Canara Bank, Prime Corporate Branch, TSR Complex, SD Road, Secunderabad-500003, Andhra Pradesh, India

Facilities :

(Rs. In Millions)

SECURED LOAN	As on 31.03.2013	As on 31.03.2012
Long Term Borrowing
Rupee term loans from banks	106.424	207.324
	0
Short Term Borrowing	0
Loans repayable on demand from banks	129.777	55.715
Total	236.201	263.039

Banking Relations :	---
Auditors :
Name :	Brahmayya and Company Chartered Accountant
Address :	403 and 404, Golden Green Apartments, Ittum Manzil Colony, Hyderabad-500082, India
PAN No.:	AADFB8032G
Memberships :	Not Divulged
Collaborators :	Not Divulged
Holding Company :	GVK Davix Technologies Private Limited CIN No.: - U72200AP2005PTC045481
Fellow Subsidiaries :	GVK Bio Sciences Private Limited CIN No.: -U74999AP2000PTC035826
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives:	Orbit Travel and Tours Private Limited Taj GVK Hotels and Resorts Limited

CAPITAL STRUCTURE

As on 17.06.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
20000000	Equity Shares	Rs.10/- each	Rs. 200.000 Millions
2500000	Preference Shares	Rs.100/- each	Rs. 250.000 Millions
	Total		Rs. 450.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
16125000	Equity Shares	Rs.10/- each	Rs. 161.250 Millions
300000	Preference Shares	Rs.100/- each	Rs. 30.000 Millions
	Total		Rs. 191.250 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	191.250	161.250	380.000
(b) Reserves & Surplus	102.673	96.991	-80.675
(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)	293.923	258.241	299.325
(3) Non-Current Liabilities
(a) long-term borrowings	586.425	707.324	582.344
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	3.546	2.861	2.268
Total Non-current Liabilities (3)	589.971	710.185	584.612
(4) Current Liabilities
(a) Short term borrowings	288.821	208.328	163.884
(b) Trade payables	182.277	106.046	134.411
(c) Other current liabilities	204.085	125.745	152.398
(d) Short-term provisions	1.681	0.000	0.000
Total Current Liabilities (4)	676.864	440.119	450.693
TOTAL	1560.758	1408.545	1334.630
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	836.614	864.715	596.535
(ii) Intangible Assets	29.134	41.407	52.922
(iii) Capital work-in-progress	22.873	9.063	268.785
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.514	0.514	0.514
(c) Deferred tax assets (net)	55.870	64.394	50.738
(d) Long-term Loan and Advances	11.467	9.180	7.601
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	956.472	989.273	977.095
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	164.816	143.270	93.710
(c) Trade receivables	349.929	230.383	202.611
(d) Cash and cash equivalents	23.399	7.310	2.431
(e) Short-term loans and advances	60.334	30.883	53.315
(f) Other current assets	5.808	7.426	5.468
Total Current Assets	604.286	419.272	357.535
TOTAL	1560.758	1408.545	1334.630

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	GROSS INCOME		1113.197	871.166	634.393
Less	EXPENSES		946.049	805.695	633.141
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		167.148	65.471	1.252
Less	FINANCIAL EXPENSES		86.056	68.213	50.148
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		81.092	(2.742)	(48.896)
Less/ Add	DEPRECIATION/ AMORTISATION		57.565	51.766	42.822
Less	EXCEPTIONAL ITEMS		7.640	0.000	0.000
	PROFIT/ (LOSS) BEFORE TAX		15.887	(54.508)	(91.718)
Less	TAX		8.524	(13.425)	(27.646)
	PROFIT/ (LOSS) AFTER TAX		7.363	(41.083)	(64.072)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		(191.758)	(150.675)	(86.402)
Less	APPROPRIATIONS
		Dividend	1.446	0.000	0.000
		Tax on Dividend	0.234	0.000	0.000
		Total	1.680	0.000	0.000
	BALANCE CARRIED TO THE B/S		(186.075)	(191.758)	(150.675)
	EARNINGS IN FOREIGN CURRENCY		606.206	550.294	488.768
	Earnings Per Share (Rs.)		0.45	(2.50)	(5.26)

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
Return on Total Assets (PBT/Total Assets}	(%)	1.07	(4.08)	(9.04)
Return on Investment (ROI) (PBT/Networth)		0.05	(0.21)	(0.31)
Debt Equity Ratio (Total Debt /Networth)		2.98	3.55	2.49
Current Ratio (Current Asset/Current Liability)		0.89	0.95	0.79

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	380.000	161.250	191.250
Reserves & Surplus	-80.675	96.991	102.673
Net worth	299.325	258.241	293.923
long-term borrowings	582.344	707.324	586.425
Short term borrowings	163.884	208.328	288.821
Total borrowings	746.228	915.652	875.246
Debt/Equity ratio	2.493	3.546	2.978

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)
Gross Income	634.393	871.166	1113.197
		37.323	27.782

NET PROFIT MARGIN

Net Profit Margin	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	634.393	871.166	1113.197
Profit	(64.072)	(41.083)	7.363
	(10.10)%	(4.72)%	0.66%

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	No
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	----------------------
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	No
20]	Export / Import details (if applicable)	No
21]	Market information	----------------------
22]	Litigations that the firm / promoter involved in	----------------------
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	----------------------
26]	Buyer visit details	----------------------
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

UNSECURED LOAN

(Rs. In Million)

Particulars	As on 31.03.2013	As on 31.03.2012
Long Term Borrowing
Intercorporate deposits	240.000	250.000
Deposits from others	200.000	200.000
Loans and advances from related parties	40.000	40.000
Other loans and advances	0.000	10.000
		0
Short Term Borrowing		0
Deposits from others	109.575	72.428
Other loans and advances	49.469	80.184
Total	639.043	652.612

INDEX OF CHARGES

s. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10208872	29/06/2012 *	200,000,000.00	CANARA BANK	PRIME CORPORATE BRANCH, TSR COMPLEX, SD ROAD, SEC  UNDERABAD, Andhra Pradesh - 500003, INDIA	B56322605
2	10006214	27/05/2006	470,000,000.00	YES BANK LIMITED	MAYANK TOWERS, 6-3-1090/B/1&6-31090/B/2, RAJ BHAV  AN ROAD, SOMAJIGUDA, HYDERABAD, Andhra Pradesh - 5  00018, INDIA	A01643345
3	10006215	19/09/2014 *	632,499,468.28	YES BANK LIMITED	YES BANK LIMITED, 9TH FLOOR, NEHRU CENTRE, DISCOV  ERY OF INDIA,, MUMBAI, Maharashtra - 400018, INDIA	C28881035

* Date of charge modification

INDEX OF CHARGES: NO CHARGES EXIST FOR THE COMPANY

FIXED ASSETS

• Land
• Building
• Plant and Machinery
• Electrical Equipments
• Furniture and Fixtures
• Laboratory Equipments
• Vehicles
• Office Equipments
• Computers

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.61.45
UK Pound	1	Rs.97.75
Euro	1	Rs.76.67

INFORMATION DETAILS

Information Gathered by :	PRT
Analysis Done by :	DIV
Report Prepared by :	KLS

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	4
--LIQUIDITY	1~10	4
--LEVERAGE	1~10	5
--RESERVES	1~10	4
--CREDIT LINES	1~10	5
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		42

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

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