MIRA INFORM REPORT

Report Date :

08.11.2014

IDENTIFICATION DETAILS

Name :	YASH ARIAN INFRA LLP
Registered Office :	A-5, Jaymangal House, Opposite Gandhidham Station, Ellisbridge, Ahmedabad – 380009, Gujarat
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	28.05.2013
Total Obligation of Contribution:	Rs. 0.100 Million
LLPIN:	AAB-5515
Legal Form :	Limited Liability Partnership.
Line of Business :	To carry on the business of real estate and infrastructure development.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

NB

RATING		STATUS	PROPOSED CREDIT LINE
-	NB	New Business	-

Status :	New concern
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is a new Limited Liability Partnership concern and yet to establish itself gradually. Management denied to provide any information. As per registrar of companies the status of the subject is shown as active. Payment terms are unknown. The concern can be considered for business dealing on a safe and secure 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.

RBI DEFAULTERS’ LIST STATUS

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

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

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

INFORMATION DENIED BY

Name :	Mr. Jenish Desai
Designation :	Partner
Contact No.:	91-9324659055
Date :	07.11.2014

LOCATIONS

Registered / Corporate Office :	A-5, Jaymangal House, Opposite Gandhidham Station, Ellisbridge, Ahmedabad – 380009, Gujarat, India
Tel. No.:	91-79-26584050
Fax No.:	91-79-26587009
E-Mail :	anish_shahcs@yahoo.com
Website :	www.yashglobal.net

DIRECTORS

As on 31.03.2014

Name :

Mr. Gnanesh Rajendra Bhagat

Designation :

Designated Partner

Address :

18, Unik Park, Opposite, Isro Gate, Satellite, Ahmedabad - 380015, Gujarat, India

Date of Birth/Age :

18.12.1966

Date of Appointment :

28.05.2013

DIN No.:

00115076

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	U45200GJ2006PTC047727	YASH ORGANISER PRIVATE LIMITED	Director	14/02/06	14/02/06	29/04/08	Active	NO
2	U45200GJ2006PTC047789	SANBLUE INFRASTRUCTURE PRIVATE LIMITED	Director	22/02/06	22/02/06	-	Active	NO
3	U45201GJ1992PLC017540	YASH SHELTERS LIMITED	Director	18/11/07	18/11/07	-	Active	NO
4	U45201GJ2007PTC052193	YASH INFRA MANAGEMENT PRIVATE LIMITED	Director	20/11/07	20/11/07	18/06/14	Active	NO
5	U45201GJ2009PTC058795	YASH PROCON PRIVATE LIMITED	Director	07/12/09	07/12/09	-	Active	NO
6	AAA-0949	YASH ASSETS LLP	Designated Partner	16/03/10	16/03/10	-	Active	NO
7	AAA-7152	YASH AQUA BUILD LLP	Designated Partner	05/12/11	05/12/11	-	Active	NO
8	AAA-7568	YASH SIGMA INFRAWEALTH LLP	Designated Partner	10/01/12	10/01/12	-	Active	NO
9	AAB-5515	YASH-ARIAN INFRA LLP	Designated Partner	28/05/13	28/05/13	-	Active	NO

Name :

Mr. Asheshbhai Dilipbhai Shah

Designation :

Designated Partner

Address :

1899/1, Gandhi Road, Nr. Union Bank of India, Gandhi Road, Ahmedabad - 380001, Gujarat, India

Date of Birth/Age :

02.11.1973

Date of Appointment :

28.05.2013

DIN No.:

02702961

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	U45201GJ2009PTC058795	YASH PROCON PRIVATE LIMITED	Director	07/12/09	07/12/09	-	Active	NO
2	AAA-0949	YASH ASSETS LLP	Designated Partner	16/03/10	16/03/10	-	Active	NO
3	AAA-6775	AAA GLOBAL ASSETS LLP	Designated Partner	04/11/11	04/11/11	-	Active	NO
4	AAB-5515	YASH-ARIAN INFRA LLP	Designated Partner	28/05/13	28/05/13	-	Active	NO

Name :

Mr. Hemang Jadavji Shah

Designation :

Designated Partner

Address :

Flat No. 6, 11^th Floor, Surat Apartment B. Desai Road, Mumbai – 400026, Maharashtra, India

Date of Birth/Age :

23.02.1975

Date of Appointment :

28.05.2013

DIN No.:

00298012

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	U67120MH1995PTC088433	TRIPLE SECURITIES PRIVATE LIMITED	Director	05/04/02	05/04/02	-	Active	NO
2	U33112MH1996PTC098021	HITEK DENTAL (INDIA) PRIVATE LIMITED.	Director	26/04/02	26/04/02	-	Active	NO
3	U67120MH1995PTC084653	TRANSCO FINANCIAL SERVICES PRIVATE LIMITED	Director	26/04/02	26/04/02	-	Active	NO
4	U67120MH1995PTC084659	VULPINE FINVEST PRIVATE LIMITED	Director	26/04/02	26/04/02	-	Active	NO
5	U67120MH1995PTC084592	PROPHECY FINANCIAL SERVICES PRIVATE LIMITED	Director	26/04/02	26/04/02	-	Active	NO
6	U67120MH2006PTC159333	OLIVE HOLDINGS PRIVATE LIMITED	Director	30/01/06	30/01/06	-	Active	NO
7	U31200MH1981FTC128292	ANCHOR ELECTRICALS PRIVATE LIMITED	Whole-time director	28/09/07	23/04/07	29/09/09	Active	NO
8	U31909MH1990PTC056808	ANCHOR LEASING PRIVATE LIMTED	Director	20/08/07	20/08/07	-	Active	NO
9	U17120MH1993PTC074452	GREAT WHITE TECHNOLOGIES PRIVATE LIMITED	Director	15/10/07	15/10/07	-	Active	NO
10	U65990MH1995PTC089324	HANIMA INVESTMENTS PRIVATE LIMITED	Director	15/04/09	15/04/09	-	Active	NO
11	U67120MH1995PTC089491	JALAJA STOCK TRADE PRIVATE LIMITED	Director	15/04/09	15/04/09	-	Active	NO
12	U65900MH1995PTC090846	CHITTA FINLEASE PRIVATE LIMITED	Additional director	01/06/09	01/06/09	-	Active	NO
13	U70200MH2008PTC185554	MOUNT BLANC REAL ESTATES PRIVATE LIMITED	Additional director	01/10/09	01/10/09	-	Active	NO
14	U70109MH2008PTC184361	HUGES REAL ESTATES DEVELOPERS PRIVATE LIMITED	Additional director	01/01/10	01/01/10	-	Active	NO
15	U45201GJ2009PTC058795	YASH PROCON PRIVATE LIMITED	Director	27/01/10	27/01/10	-	Active	NO
16	U31909MH2006PTC165650	GOOD VALUE FINANCIAL SERVICES PRIVATE LIMITED	Additional director	01/02/10	01/02/10	-	Active	NO
17	U23201MH1995PTC090974	PRAMADA OILS PRIVATE LIMITED	Additional director	01/02/10	01/02/10	-	Active	NO
18	U70200MH2009PTC192822	KRUSHMI DEVELOPERS PRIVATE LIMITED	Additional director	18/02/10	18/02/10	-	Active	NO
19	U52100MH2009PTC192777	AS SMART AS POSSIBLE DESIGN RETAIL PRIVATE LIMITED	Director	20/12/13	01/03/10	-	Converted to LLP and dissolved	NO
20	U45400MH1995PTC093430	TATVAM CONSTRUCTIONS PRIVATE LIMITED	Additional director	08/03/10	08/03/10	-	Active	NO
21	U02000MH1992PTC069582	SUGAM PLANTATIONS PVT.LTD.	Additional director	01/06/10	01/06/10	-	Active	NO
22	U45208MH2010PTC203696	ANCHOR LANDSCAPES PRIVATE LIMITED	Director	04/06/10	04/06/10	-	Active	NO
23	U74900MH2010PTC204407	ANCHOR ART PRIVATE LIMITED	Director	17/06/10	17/06/10	-	Active	NO
24	U63000MH2008PTC189073	N. L. LOGISTICS PRIVATE LIMITED	Director	30/09/10	20/07/10	-	Active	NO
25	U74999MH2008PTC188198	Akshar Space Private Limited	Director	16/08/10	16/08/10	-	Active	NO
26	U45200MH2005PTC158435	S SAVLA CONSTRUCTIONS PRIVATE LIMITED	Additional director	02/09/10	02/09/10	-	Active	NO
27	U45200MH2010PTC204552	SWAPANA LIFESPACES PRIVATE LIMITED	Additional director	15/11/10	15/11/10	27/06/14	Active	NO
28	U45202MH2009PTC189825	ANCHOR BUILDCON PRIVATE LIMITED	Additional director	10/12/10	10/12/10	-	Active	NO
29	U92412MH2010PTC208381	KOCHI CRICKET PRIVATE LIMITED	Director	27/03/12	25/03/11	-	Active	NO
30	U31200MH1994PTC078604	GREAT WHITE GLOBAL PRIVATE LIMITED	Director	30/09/13	15/04/11	-	Active	NO
31	U70102MH2010PTC211406	Anchor Realty Projects Private Limited	Additional director	15/04/11	15/04/11	-	Active	NO
32	U24100MH2009PTC194942	ANCHOR COLOURS PRIVATE LIMITED	Additional director	02/05/11	02/05/11	-	Active	NO
33	U31909MH2006PTC164744	ROMA ELECTRONICS AND ELECTRICALS PRIVATE LIMITED	Additional director	02/05/11	02/05/11	-	Active	NO
34	U70100MH2011PTC224197	ANCHOR HOUSING PRIVATE LIMITED	Director	21/11/11	21/11/11	-	Active	NO
35	U74120MH2012PTC229054	ANCHOR PAINTS (INDIA) PRIVATE LIMITED	Director	30/03/12	30/03/12	-	Active	NO
36	U31300MH1993PTC090690	ANCHOR ENTERPRISES PVT LTD	Director	30/09/13	05/04/12	-	Active	NO
37	U24249MH1992PTC068971	ANCHOR HEALTH AND BEAUTY CARE PVT LTD	Additional director	10/01/13	10/01/13	04/02/13	Active	NO
38	U45200MH2008PTC184369	LA KOZY BUILDERS PRIVATE LIMITED	Whole-time director	05/11/13	05/11/13	-	Converted to LLP and dissolved	NO
39	U51503MH1995PTC090145	ANCHOR SOFTECH PRIVATE LIMITED	Additional director	02/12/13	02/12/13	-	Converted to LLP and dissolved	NO
40	U32109MH1981PTC025902	LAXMI ELECTRO PLAST PVT LTD	Additional director	16/12/13	16/12/13	10/05/14	Active	NO
41	AAA-1500	ANCHOR SKY SCRAPERS LLP	Designated Partner	02/06/10	02/06/10	-	Active	NO
42	AAA-2795	ROMA LANDSCAPES LLP	Designated Partner	15/11/10	15/11/10	-	Active	NO
43	AAA-2798	GREAT WHITE ENTERPRISES LLP	Designated Partner	15/11/10	15/11/10	-	Active	NO
44	AAA-2800	ANCHOR TOWNSCAPES LLP	Designated Partner	15/11/10	15/11/10	12/04/13	Active	NO
45	AAA-2810	ANCHOR PARADISE VILLA LLP	Designated Partner	18/11/10	18/11/10	-	Active	NO
46	AAA-2823	GREAT WHITE CONSTRUCTIONS LLP	Designated Partner	18/11/10	18/11/10	-	Active	NO
47	AAA-2825	CLASSIC BLOSSOM LIFESTYLES LLP	Designated Partner	18/11/10	18/11/10	-	Active	NO
48	AAA-2871	ANCHOR STONECRAFT LLP	Designated Partner	23/11/10	23/11/10	-	Active	NO
49	AAA-4716	COMFORT LANDSCAPES LLP	Designated Partner	03/05/11	03/05/11	-	Active	NO
50	AAA-4811	GAUTAM LIFESCAPES LLP	Designated Partner	12/05/11	12/05/11	-	Active	NO
51	AAA-5877	SHILPI BUILDHOMES LIMITED LIABILITY PARTNERSHIP	Designated Partner	08/08/11	08/08/11	-	Active	NO
52	AAB-4647	ANCHOR LIFESCAPES LLP	Designated Partner	16/04/13	16/04/13	-	Active	NO
53	AAB-5515	YASH-ARIAN INFRA LLP	Designated Partner	28/05/13	28/05/13	-	Active	NO
54	AAC-0983	LA KOZY BUILDERS LLP	Designated Partner	18/02/14	18/02/14	-	Active	NO
55	AAC-1028	AS SMART AS POSSIBLE DESIGN RETAIL LLP	Designated Partner	19/02/14	19/02/14	-	Active	NO

BUSINESS DETAILS

Line of Business :

To carry on the business of real estate and infrastructure development.

GENERAL INFORMATION

No. of Employees :	Not Divulged
Bankers :	Not Divulged

Banking Relations :	--
Auditors :	Not Divulged

CAPITAL STRUCTURE

Names of Partners	Obligation of Contribution (Rs. In Millions)
Gnanesh Rajendra Bhagat	0.025
Asheshbhai Dilipbhai Shah	0.025
Hemang Jadavji Shah	0.012
Rikhav Piyush Shah	0.006
Mehul Jadavji Shah	0.013
Rushabh Piyush Shah	0.006
Jenish Sanjay Desai	0.013
Total	0.100

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014
SHAREHOLDERS FUNDS
1] Contribution received	0.100
2] Share Application Money	0.000
3] Reserves & Surplus	0.000
4] (Accumulated Losses)	0.000
NETWORTH	0.100
LOAN FUNDS
1] Secured Loans	0.000
2] Unsecured Loans	28.969
TOTAL BORROWING	28.969
Short term Borrowing
Creditors/ trade payables – advance from customers	15.199
Other Liabilities (Deferred tax Liabilities)	1.369
Provisions
For taxation	0.000
For contingencies	0.000
For Insurance	0.000
Other Provisions	(1.034)
TOTAL	44.603
FIXED ASSETS [Net Block]	1.106
Investment	0.000
Loans and Advances	30.377
Inventories	0.000
Debtors/ trade receivable	0.000
Cash and Cash equipment	0.905
Other Assets	12.215
TOTAL	44.603

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014
	SALES
		Income	0.000
		Other Income	0.000
		Increase/(Decreases) in Stocks	12.214
		TOTAL	12.214
Less	EXPENSES
		Personnel Expenses	0.899
		Administrative expenses	4.306
		Other expenses	6.436
		TOTAL	11.641
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		0.573
Less	FINANCIAL EXPENSES		0.465
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		0.108
Less/ Add	DEPRECIATION/ AMORTISATION		0.108
	PROFIT/ (LOSS) BEFORE TAX		0.000
Less	TAX		0.000
	PROFIT/ (LOSS) AFTER TAX		0.000
	Earnings / (Loss) Per Share (Rs.)		0.00

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

INDEX OF CHARGES

No Charges Exist for Company

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.61.52
UK Pound	1	Rs.97.39
Euro	1	Rs.76.15

INFORMATION DETAILS

Information Gathered by :	NYA
Analysis Done by :	DIV
Report Prepared by :	ANK

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.