MIRA INFORM REPORT

Report Date :

11.11.2014

IDENTIFICATION DETAILS

Name :	ASCENT CONSTRUCTION PRIVATE LIMITED

Registered Office :	Gladys Alwares Road, Near Khewra Circle, Manpada, Thane-400607, Maharashtra

Country :	India

Financials (as on) :	31.03.2013

Date of Incorporation :	09.05.1995

Com. Reg. No.:	11-088201

Capital Investment / Paid-up Capital :	Rs. 18.000 Millions

CIN No.: [Company Identification No.]	U45200MH1995PTC088201

IEC No.:	Not divulged

TAN No.: [Tax Deduction & Collection Account No.]	Not divulged

PAN No.: [Permanent Account No.]	Not divulged

Legal Form :	Private Limited Liability Company

Line of Business :	Subject is engaged in the business of building and developing real estate property.

No. of Employees :	Not divulged

RATING & COMMENTS

MIRA’s Rating :

B (27)

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

Maximum Credit Limit :	USD 150000

Status :	Moderate

Payment Behaviour :	Slow but correct

Litigation :	Clear

Comments :	Subject is an established company having moderate track record. The company has taken huge external borrowing, which acts as threatening to the liquidity position of the company. However, trade relation reported are fair. Business is active. Payments are reported to be slow but correct. The company can be considered for business dealings with some caution.

NOTES :

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

ECGC Country Risk Classification List – June 1, 2014

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

India

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. Kevin
Designation :	Finance Department
Contact No.:	91-22-25892945
Date :	08.11.2014

LOCATIONS

Registered Office :	Gladys Alwares Road, Near Khewra Circle, Manpada, Thane - 400607, Maharashtra, India
Tel. No.:	91-22-67570000 / 25892945/65254403/04
Fax No.:	91-22-25893599/25893564
E-Mail :	kajal@acmehousing.com
Website :	www.ascentconstructions.com

Admin Office :	Acme Ghar, 19 K D Road, Vile Parle (West), Mumbai-400056, Maharashtra, India
Tel No.:	91-22-26718883/67570000/2671
Fax No.:	91-22-26710976
Email :	acme@acmehousing.com
Website :	www.acmehousing.com

DIRECTORS

As on 26.09.2013

Name :

Mr. Kulumani Gopalratnam Krishnamurthy

Designation :

Director

Address :

Flat No.403, Meru Heights, 268, Telang Road, Matunga (C R), Mumbai-400019, Maharashtra, India

Date of Birth/Age :

29.04.1956

Date of Appointment :

22.09.2014

DIN No.:

00012579

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	U74140MH2000PLC124897	HDFC REALTY LIMITED	Director	14/03/2000	14/03/2000	05/03/2007	Active	NO
2	U99999MH1942PLC003573	TATA HOUSING DEVELOPMENT COMPANY LIMITED	Director	13/06/2003	13/06/2003	13/09/2010	Active	NO
3	U45201GJ2003NPL042739	HUNNAR SHAALA FOUNDATION FOR BUILDING TECHNOLOGY AND INNOVATIONS	Director	22/11/2003	22/11/2003	27/09/2010	Active	NO
4	L65923GJ1986PLC008809	GRUH FINANCE LIMITED	Director	17/01/2004	17/01/2004	-	Active	NO
5	U65991MH2004PLC149330	HDFC VENTURE CAPITAL LIMITED	Director	29/11/2004	29/11/2004	-	Active	NO
6	U91110MH1998NPL113558	INDIAN ASSOCIATION FOR SAVINGS AND CREDIT	Director	06/01/2005	06/01/2005	26/09/2012	Active	NO
7	U45204MH2006PTC161661	SANSARA DEVELOPERS INDIA PRIVATE LIMITED	Director	26/07/2007	14/06/2006	15/11/2007	Active	NO
8	L70100MH1986PLC038511	VASCON ENGINEERS LIMITED	Director	21/06/2006	21/06/2006	-	Active	NO
9	U74140MH2006PLC165539	HDFC PROPERTY VENTURES LIMITED	Managing director	01/05/2008	14/11/2006	22/05/2010	Active	NO
10	U45203TN2006PLC059133	L & T URBAN INFRASTRUCTURE LIMITED	Director	31/01/2007	31/01/2007	23/09/2011	Amalgamated	NO
11	U45202MH1946PLC005262	NEW CONSOLIDATED CONSTRUCTION COMPANY LIMITED	Alternate director	22/09/2014	30/06/2008	-	Active	NO
12	U45200MH1995PTC088201	ASCENT CONSTRUCTION PRIVATE LIMITED	Alternate director	22/09/2014	23/08/2008	-	Active	NO
13	U45200PN2007PTC130346	MATOSHREE SAHIL INFRASTRUCTURE PRIVATE LIMITED	Nominee director	08/05/2009	08/05/2009	-	Active	NO
14	U45200MH1981PLC023708	HDFC DEVELOPERS LIMITED	Director	30/07/2014	16/01/2014	-	Active	NO

Name :

Mr. Hariharan Jayakumar

Designation :

Director

Date of Appointment :

26.07.2008

DIN No.:

02259797

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	U65990MH1996PTC102459	BENGAL SHAPOORJI DEVELOPERS PRIVATE LIMITED	Director	30/09/2008	30/04/2008	-	Active	NO
2	U70100MH2005PTC158264	WINDWARD BUILDERS PRIVATE LIMITED	Director	30/09/2008	30/04/2008	-	Active	NO
3	U45200MH2006PTC158992	SKYSCAPE DEVELOPERS PRIVATE LIMITED	Director	30/09/2008	30/04/2008	-	Active	NO
4	U45200MH2005PTC158270	KOLLAND DEVELOPERS PRIVATE LIMITED	Director	30/09/2008	30/04/2008	-	Active	NO
5	U65990MH1988PTC049619	BENGAL SHAPOORJI HOUSING DEVELOPMENT PRIVATE LIMITED	Director	30/09/2008	30/04/2008	-	Active	NO
6	U45200MH2007PTC168913	LODHA HEALTHY CONSTRUCTIONS AND DEVELOPERS PRIVATE LIMITED	Nominee director	30/04/2008	30/04/2008	-	Active	NO
7	U70102PN2007PTC129608	KAKADE ESTATE DEVELOPERS PRIVATE LIMITED	Nominee director	27/06/2008	27/06/2008	-	Active	NO
8	U45202MH1946PLC005262	NEW CONSOLIDATED CONSTRUCTION COMPANY LIMITED	Director	22/09/2008	30/06/2008	-	Active	NO
9	U45200MH1995PTC088201	ASCENT CONSTRUCTION PRIVATE LIMITED	Director	26/07/2008	26/07/2008	-	Active	NO
10	U70102MH2008PTC183617	SURYAKRUPA CONSTRUCTIONS PRIVATE LIMITED	Nominee director	11/11/2008	11/11/2008	31/08/2010	Active	NO
11	U01211MH1939PTC003017	THE MANJRI STUD FARM PRIVATE LIMITED	Director	25/09/2009	24/04/2009	-	Active	NO
12	U45200MH2005PTC158083	HIGHSTREET DEVELOPERS PRIVATE LIMITED	Director	25/09/2009	31/08/2009	-	Active	NO
13	U55101KA2000PTC026742	SIDDHARTA RESORTS & FOODS PRIVATE LIMITED	Nominee director	30/09/2010	07/11/2009	-	Active	NO
14	U70104MH1935PLC002249	SHREENIWAS COTTON MILLS LIMITED	Nominee director	08/11/2010	20/09/2010	-	Active	NO
15	U45400MH2010PTC206647	FRIENDS DEVELOPMENT CORPORATION (IMPERIA) PRIVATE LIMITED	Director	20/12/2010	20/12/2010	-	Active	NO
16	U51909MH2004PTC146299	GIGAPLEX DEVELOPERS PRIVATE LIMITED	Director	30/09/2011	11/08/2011	-	Active	NO
17	U70102MH2008PTC177239	AGILE REAL ESTATE PRIVATE LIMITED	Director	30/09/2011	24/08/2011	-	Active	NO
18	U70200KA2011PTC057054	SUMMIT DEVELOPMENTS PRIVATE LIMITED	Nominee director	14/09/2011	14/09/2011	-	Active	NO
19	U45201KA2011PTC057194	FORTUNA URBANSCAPE PRIVATE LIMITED	Director	20/08/2012	15/12/2011	-	Active	NO
20	U85110KA1995PTC017949	SWIRE INVESTMENTS PRIVATE LIMITED	Director	11/04/2012	19/03/2012	-	Active	NO
21	U85110KA1995PTC017950	NAM ESTATES PRIVATE LIMITED	Director	11/04/2012	19/03/2012	-	Active	NO
22	U45200MH2012PLC227292	MRUNMAI PROPERTIES LIMITED	Director	30/09/2013	27/09/2013	-	Active	NO

Name :

Mr. Munish Pravin Doshi

Designation :

Director

Address :

102, Asha Kiran, Lajpatrai Road, Vile - Parle (West), Mumbai-400056, Maharashtra, India

Date of Birth/Age :

07.10.1970

Date of Appointment :

01.04.2012

DIN No.:

00051063

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	U45200MH1992PTC069034	ACME AMRUT PROPERTY DEVELOPERS PRIVATE LIMITED	Director	15/10/1992	15/10/1992	-	Active	NO
2	U45200MH1992PTC069588	RADHE SHYAM PROPERTY CONSTRUCTIONS PRIVATE LIMITED	Director	17/11/1992	17/11/1992	-	Active	NO
3	U45200MH1992PTC069590	ACME AMRUT BUILDING DEVELOPERS PRIVATE LIMITED	Director	17/11/1992	17/11/1992	-	Active	NO
4	U45200MH1993PTC072228	KSHAMA REALTORS PRIVATE LIMITED	Director	31/05/1993	31/05/1993	15/07/2010	Strike off	NO
5	U72100MH1993PTC072226	VIVID REALTORS PRIVATE LIMITED	Director	31/05/1993	31/05/1993	15/07/2010	Strike off	NO
6	U70100MH1995PTC087974	ACME CIVIL ENGINEERING COMPANY PRIVATE LIMITED	Director	03/05/1995	03/05/1995	-	Active	NO
7	U45200MH1995PTC088201	ASCENT CONSTRUCTION PRIVATE LIMITED	Director	01/04/2012	09/05/1995	-	Active	NO
8	U70100MH1995PTC087973	ASCENT DEVELOPERS PRIVATE LIMITED	Director	27/10/1995	27/10/1995	-	Active	NO
9	U45200MH1994PTC078017	AALAP CONSTRUCTION P LTD	Director	20/12/1995	20/12/1995	-	Active	NO
10	U70100MH1996PTC095776	CROSSLINE REALTORS (INDIA) PRIVATE LIMITED	Director	18/01/1996	18/01/1996	-	Active	NO
11	L99999MH1985PLC113634	ACME STHAPATI LIMITED	Director	30/09/1996	30/09/1996	-	Active	NO
12	U99999MH1991PTC063198	ACME RESIDENTIAL COMPLEXES PRIVATE LIMITED	Director	29/01/1998	29/01/1998	-	Active	NO
13	U70100MH1991PTC063681	AUM CONSTRUCTION MANAGEMENT SERVICES PRIVATE LIMITED	Director	29/01/1998	29/01/1998	-	Active	NO
14	U45200MH1991PTC062521	APNAGHAR REALTORS PRIVATE LIMITED	Director	29/01/1998	29/01/1998	-	Active	NO
15	U45200MH1994PTC083093	WELLBUILD REALTORS PRIVATE LIMITED	Director	29/01/1998	29/01/1998	-	Active	NO
16	U70101MH1991PTC063201	SAJAWAT DWELLERS PRIVATE LIMITED	Director	29/01/1998	29/01/1998	-	Active	NO
17	U70101MH1991PTC063061	PRANGAN HOUSING COMPLEXES PVT LTD	Director	29/01/1998	29/01/1998	-	Active	NO
18	U45200MH1991PTC063200	ACME DWELLERS PRIVATE LIMITED	Director	29/01/1998	29/01/1998	-	Active	NO
19	U70100MH1986PTC039906	ACME REAL ESTATE PVT LTD	Director	29/01/1998	29/01/1998	-	Active	NO
20	U45200MH1991PTC063199	ACME SHELTERS PVT LTD	Director	29/01/1998	29/01/1998	-	Active	NO
21	U26933MH1990PTC058550	ACME BUILDING PRODUCTS PRIVATE LIMITED	Director	29/01/1998	29/01/1998	-	Active	NO
22	U74140MH1986PTC039887	ACME BUILDING DESIGN CONSULTANTS PVT LTD	Director	29/01/1998	29/01/1998	-	Active	NO
23	U70100MH1993PTC071753	ACME REALTORS AND BUILDERS PVT LTD	Director	29/01/1998	29/01/1998	-	Active	NO
24	U70100MH1991PTC063058	DHARMESH CONSTRUCTIONS PRIVATE LIMITED	Director	01/10/2009	29/01/1998	-	Active	NO
25	U45102MH2001PTC131675	ACME HOUSING INDIA PRIVATE LIMITED	Director	19/04/2001	19/04/2001	-	Active	NO
26	U70100MH1995PTC094030	SIRBHA DEVELOPERS PRIVATE LIMITED	Director	14/08/2003	14/08/2003	-	Strike off	NO
27	U70100MH1993PTC072225	BLUESEA REALTORS PRIVATE LIMITED	Director	14/08/2003	14/08/2003	15/07/2010	Strike off	NO
28	U70100MH1993PTC072224	OCEAN LINK REALTORS PVT LTD	Director	14/08/2003	14/08/2003	15/07/2010	Active	NO
29	U70100MH2004PTC148540	O2 SUPPLY INCUBATOR PRIVATE LIMITED	Director	21/09/2004	21/09/2004	-	Active	NO
30	U45200MH1994PTC078200	AVISHKAR INFRASTRUCTURE PRIVATE LIMITED	Director	15/03/2007	15/03/2007	-	Active	NO
31	U72200MH1999PTC117932	ACROSEAS CONSULTANCY PRIVATE LIMITED	Director	31/03/2007	31/03/2007	-	Active	NO
32	U45201MH2002PTC136639	ASCENT HOUSING PRIVATE LIMITED	Director	14/12/2007	14/12/2007	-	Active	NO
33	U45202MH2008PTC180671	ACME COMPLEX PRIVATE LIMITED	Director	12/06/2008	12/06/2008	-	Active	NO
34	U45202MH2008PTC180656	OASIS LIFE SPACES PRIVATE LIMITED	Director	04/07/2008	04/07/2008	-	Active	NO
35	U45202MH2008PTC180445	ACME REALTIES PRIVATE LIMITED	Director	04/07/2008	04/07/2008	-	Active	NO
36	U45200MH1993PTC072771	PRAJAN PROPERTY DEVELOPERS PVT LTD	Director	15/07/2010	15/07/2010	-	Strike off	NO
37	U70102MH2011PTC214651	ACME AVENUE INFRASTRUCTURE PRIVATE LIMITED	Director	11/03/2011	11/03/2011	-	Active	NO
38	U67120MH1992PTC066617	TRINITY CONSORTIUM DEVELOPMENT PRIVATE LIMITED	Director	28/04/2011	28/04/2011	-	Active	NO
39	U70100MH2011PTC217683	VASTU PUJAN PROPERTY DEVELOPERS PRIVATE LIMITED	Director	20/05/2011	20/05/2011	-	Active	NO
40	U45400MH2012PTC230056	APPLE MINT REALTY AND INFRA PRIVATE LIMITED	Director	23/04/2012	23/04/2012	03/05/2014	Active	NO
41	U70102MH2012PTC228926	ACME PROPERTY DEVELOPERS PRIVATE LIMITED	Additional director	23/07/2012	23/07/2012	01/06/2013	Active	NO

Name :

Mr. Pravin Himmaltal Doshi

Designation :

Director

Address :

102, Asha Kiran, Lajpatrai Road, Vile - Parle (West), Mumbai-400056, Maharashtra, India

Date of Birth/Age :

23.11.1943

Date of Appointment :

01.04.2012

DIN No.:

00051002

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	U74140MH1986PTC039887	ACME BUILDING DESIGN CONSULTANTS PVT LTD	Director	22/05/1986	22/05/1986	-	Active	NO
2	U70100MH1986PTC039906	ACME REAL ESTATE PVT LTD	Director	27/05/1986	27/05/1986	-	Active	NO
3	U26933MH1990PTC058550	ACME BUILDING PRODUCTS PRIVATE LIMITED	Director	16/10/1990	16/10/1990	-	Active	NO
4	U45200MH1990PTC058825	SIDDHI DWELLERS PRIVATE LIMITED	Director	05/11/1990	05/11/1990	24/10/2012	Active	NO
5	U45200MH1991PTC062521	APNAGHAR REALTORS PRIVATE LIMITED	Director	16/07/1991	16/07/1991	-	Active	NO
6	U70100MH1991PTC063058	DHARMESH CONSTRUCTIONS PRIVATE LIMITED	Director	23/08/1991	23/08/1991	-	Active	NO
7	U70101MH1991PTC063061	PRANGAN HOUSING COMPLEXES PVT LTD	Director	23/08/1991	23/08/1991	-	Active	NO
8	U99999MH1991PTC063198	ACME RESIDENTIAL COMPLEXES PRIVATE LIMITED	Director	09/09/1991	09/09/1991	-	Active	NO
9	U70101MH1991PTC063201	SAJAWAT DWELLERS PRIVATE LIMITED	Director	09/09/1991	09/09/1991	-	Active	NO
10	U45200MH1991PTC063200	ACME DWELLERS PRIVATE LIMITED	Director	09/09/1991	09/09/1991	-	Active	NO
11	U45200MH1991PTC063199	ACME SHELTERS PVT LTD	Director	09/09/1991	09/09/1991	-	Active	NO
12	U45200MH1992PTC069034	ACME AMRUT PROPERTY DEVELOPERS PRIVATE LIMITED	Director	15/10/1992	15/10/1992	-	Active	NO
13	U45200MH1992PTC069588	RADHE SHYAM PROPERTY CONSTRUCTIONS PRIVATE LIMITED	Director	17/11/1992	17/11/1992	-	Active	NO
14	U45200MH1992PTC069590	ACME AMRUT BUILDING DEVELOPERS PRIVATE LIMITED	Director	17/11/1992	17/11/1992	-	Active	NO
15	U70100MH1993PTC071753	ACME REALTORS AND BUILDERS PVT LTD	Director	27/04/1993	27/04/1993	-	Active	NO
16	U45200MH1993PTC072228	KSHAMA REALTORS PRIVATE LIMITED	Director	31/05/1993	31/05/1993	15/07/2010	Strike off	NO
17	U72100MH1993PTC072226	VIVID REALTORS PRIVATE LIMITED	Director	31/05/1993	31/05/1993	15/07/2010	Strike off	NO
18	U70100MH1993PTC072225	BLUESEA REALTORS PRIVATE LIMITED	Director	31/05/1993	31/05/1993	15/07/2010	Strike off	NO
19	U70100MH1993PTC072224	OCEAN LINK REALTORS PVT LTD	Director	31/05/1993	31/05/1993	15/07/2010	Active	NO
20	U45200MH1993PTC072771	PRAJAN PROPERTY DEVELOPERS PVT LTD	Director	09/07/1993	09/07/1993	-	Strike off	NO
21	U45200MH1994PTC078017	AALAP CONSTRUCTION P LTD	Director	27/04/1994	27/04/1994	-	Active	NO
22	L99999MH1985PLC113634	ACME STHAPATI LIMITED	Director	01/06/1994	01/06/1994	-	Active	NO
23	U45200MH1994PTC083093	WELLBUILD REALTORS PRIVATE LIMITED	Director	21/11/1994	21/11/1994	-	Active	NO
24	U70100MH1995PTC087973	ASCENT DEVELOPERS PRIVATE LIMITED	Director	03/05/1995	03/05/1995	-	Active	NO
25	U70100MH1995PTC087974	ACME CIVIL ENGINEERING COMPANY PRIVATE LIMITED	Director	20/10/1995	20/10/1995	-	Active	NO
26	U70100MH1995PTC094030	SIRBHA DEVELOPERS PRIVATE LIMITED	Director	31/10/1995	31/10/1995	-	Strike off	NO
27	U70100MH1996PTC095776	CROSSLINE REALTORS (INDIA) PRIVATE LIMITED	Director	01/01/1996	01/01/1996	-	Active	NO
28	U45200MH1995PTC088201	ASCENT CONSTRUCTION PRIVATE LIMITED	Director	01/04/2012	29/01/1998	-	Active	NO
29	U45102MH2001PTC131675	ACME HOUSING INDIA PRIVATE LIMITED	Director	19/04/2001	19/04/2001	-	Active	NO
30	U70100MH2004PTC148540	O2 SUPPLY INCUBATOR PRIVATE LIMITED	Director	21/09/2004	21/09/2004	-	Active	NO
31	U45201MH2002PTC136639	ASCENT HOUSING PRIVATE LIMITED	Director	18/02/2005	18/02/2005	-	Active	NO
32	U45200MH1994PTC078200	AVISHKAR INFRASTRUCTURE PRIVATE LIMITED	Director	15/03/2007	15/03/2007	-	Active	NO
33	U45202MH2008PTC180671	ACME COMPLEX PRIVATE LIMITED	Director	12/06/2008	12/06/2008	-	Active	NO
34	U67120MH1992PTC066617	TRINITY CONSORTIUM DEVELOPMENT PRIVATE LIMITED	Director	01/07/2008	01/07/2008	-	Active	NO
35	U45202MH2008PTC180445	ACME REALTIES PRIVATE LIMITED	Director	01/11/2011	04/07/2008	-	Active	NO
36	U45202MH2008PTC180656	OASIS LIFE SPACES PRIVATE LIMITED	Director	01/08/2010	04/07/2008	-	Active	NO
37	U70102MH2011PTC214651	ACME AVENUE INFRASTRUCTURE PRIVATE LIMITED	Director	11/03/2011	11/03/2011	-	Active	NO
38	U70100MH2011PTC217683	VASTU PUJAN PROPERTY DEVELOPERS PRIVATE LIMITED	Director	20/05/2011	20/05/2011	-	Active	NO

Name :

Mr. Keyur Shah

Designation :

Director

Date of Appointment :

26.09.2013

DIN No.:

00332145

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	U70101TN2005PTC056894	OZONE PROJECTS PRIVATE LIMITED	Director	29/09/2006	02/03/2006	-	Active	NO
2	U45201MH2006PTC165795	SIGNATURE BUNGLOWS PRIVATE LIMITED	Nominee director	30/01/2007	30/01/2007	14/09/2012	Active	NO
3	U04520MH2005PTC239507	GODREJ NANDHI HILLS PROJECT PRIVATE LIMITED	Director	23/07/2008	23/07/2008	18/03/2011	Amalgamated	NO
4	U04520GJ2005PTC073518	UDHAY-JVG REALTY PRIVATE LIMITED	Additional director	21/12/2011	14/08/2009	27/12/2011	Amalgamated	NO
5	U04520GJ2005PTC072046	UDHAY-VJ REALTY PRIVATE LIMITED	Additional director	21/12/2011	14/08/2009	27/12/2011	Active	NO
6	U70104MH1935PLC002249	SHREENIWAS COTTON MILLS LIMITED	Nominee director	08/11/2010	20/09/2010	-	Active	NO
7	U70200KA2011PTC057054	SUMMIT DEVELOPMENTS PRIVATE LIMITED	Alternate director	30/09/2014	14/12/2011	-	Active	NO
8	U70102MH2008PTC177239	AGILE REAL ESTATE PRIVATE LIMITED	Alternate director	22/09/2014	14/12/2011	-	Active	NO
9	U85110KA1995PTC017949	SWIRE INVESTMENTS PRIVATE LIMITED	Alternate director	30/09/2014	27/04/2012	-	Active	NO
10	U85110KA1995PTC017950	NAM ESTATES PRIVATE LIMITED	Alternate director	30/09/2014	27/04/2012	-	Active	NO
11	U45200MH1995PTC088201	ASCENT CONSTRUCTION PRIVATE LIMITED	Director	26/09/2013	26/12/2012	-	Active	NO

Name :

Mr. Rajesh Doshi

Designation :

Director

Date of Appointment :

26.12.2012

DIN No.:

00919246

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	U45200MH1994PTC078200	AVISHKAR INFRASTRUCTURE PRIVATE LIMITED	Director	15/03/2007	15/03/2007	-	Active	NO
2	U45102MH2001PTC131675	ACME HOUSING INDIA PRIVATE LIMITED	Director	01/01/2010	15/03/2007	-	Active	NO
3	U70100MH2004PTC148540	O2 SUPPLY INCUBATOR PRIVATE LIMITED	Director	28/03/2007	28/03/2007	-	Active	NO
4	U72200MH1999PTC117932	ACROSEAS CONSULTANCY PRIVATE LIMITED	Director	31/03/2007	31/03/2007	-	Active	NO
5	U45202MH2008PTC180671	ACME COMPLEX PRIVATE LIMITED	Director	12/06/2008	12/06/2008	-	Active	NO
6	U45202MH2008PTC180656	OASIS LIFE SPACES PRIVATE LIMITED	Director	04/07/2008	04/07/2008	-	Active	NO
7	U45202MH2008PTC180445	ACME REALTIES PRIVATE LIMITED	Director	04/07/2008	04/07/2008	-	Active	NO
8	U45200MH1992PTC069588	RADHE SHYAM PROPERTY CONSTRUCTIONS PRIVATE LIMITED	Director	27/09/2011	15/01/2011	-	Active	NO
9	U45200MH1994PTC083093	WELLBUILD REALTORS PRIVATE LIMITED	Director	28/09/2011	15/01/2011	-	Active	NO
10	U70101MH1991PTC063201	SAJAWAT DWELLERS PRIVATE LIMITED	Director	29/09/2011	15/01/2011	-	Active	NO
11	U70100MH1991PTC063058	DHARMESH CONSTRUCTIONS PRIVATE LIMITED	Director	30/09/2011	15/01/2011	-	Active	NO
12	U70100MH1996PTC095776	CROSSLINE REALTORS (INDIA) PRIVATE LIMITED	Director	24/09/2011	15/01/2011	-	Active	NO
13	U26933MH1990PTC058550	ACME BUILDING PRODUCTS PRIVATE LIMITED	Director	29/09/2011	15/01/2011	-	Active	NO
14	U45201MH2002PTC136639	ASCENT HOUSING PRIVATE LIMITED	Director	28/09/2011	15/01/2011	-	Active	NO
15	L99999MH1985PLC113634	ACME STHAPATI LIMITED	Director	30/09/2011	15/01/2011	-	Active	NO
16	U45200MH1991PTC063199	ACME SHELTERS PVT LTD	Director	29/09/2011	15/01/2011	-	Active	NO
17	U45200MH1991PTC062521	APNAGHAR REALTORS PRIVATE LIMITED	Director	29/09/2011	15/01/2011	-	Active	NO
18	U70100MH1995PTC087973	ASCENT DEVELOPERS PRIVATE LIMITED	Director	29/09/2011	15/01/2011	-	Active	NO
19	U74140MH1986PTC039887	ACME BUILDING DESIGN CONSULTANTS PVT LTD	Director	28/09/2011	15/01/2011	-	Active	NO
20	U70100MH1993PTC071753	ACME REALTORS AND BUILDERS PVT LTD	Director	29/09/2011	15/01/2011	-	Active	NO
21	U70100MH1986PTC039906	ACME REAL ESTATE PVT LTD	Director	28/09/2011	15/01/2011	-	Active	NO
22	U70100MH1995PTC087974	ACME CIVIL ENGINEERING COMPANY PRIVATE LIMITED	Director	29/09/2011	15/01/2011	-	Active	NO
23	U45200MH1994PTC078017	AALAP CONSTRUCTION P LTD	Director	28/09/2011	15/01/2011	-	Active	NO
24	U67120MH1992PTC066617	TRINITY CONSORTIUM DEVELOPMENT PRIVATE LIMITED	Director	28/04/2011	28/04/2011	-	Active	NO
25	U70100MH2011PTC217683	VASTU PUJAN PROPERTY DEVELOPERS PRIVATE LIMITED	Director	20/05/2011	20/05/2011	-	Active	NO
26	U70102MH2012PTC228926	ACME PROPERTY DEVELOPERS PRIVATE LIMITED	Additional director	23/07/2012	23/07/2012	01/06/2013	Active	NO
27	U70102MH2011PTC214651	ACME AVENUE INFRASTRUCTURE PRIVATE LIMITED	Director	10/09/2012	07/08/2012	-	Active	NO
28	U45200MH1995PTC088201	ASCENT CONSTRUCTION PRIVATE LIMITED	Director	26/09/2013	26/12/2012	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Kevin
Designation :	Finance Department

MAJOR SHAREHOLDERS

As on 26.09.2013

Names of Shareholders		No. of Shares
Acme Housing India Private Limited		900001
George Maritious Limited		835714
HDFC Investment Trust		64286

Total		1800001

As on 26.09.2013

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	46.43
Bodies corporate	50.00
Other top fifty shareholders	3.57
Total	100.00

BUSINESS DETAILS

Line of Business :	Subject is engaged in the business of building and developing real estate property.

Products :	Not Divulged

Brand Names :	Not Divulged

Agencies Held :	Not Divulged

Exports :	Not Divulged

Imports :	Not Divulged

GENERAL INFORMATION

Suppliers :

Not Divulged

Customers :

Not Divulged

No. of Employees :

Not Divulged

Bankers :

Not Divulged

Facilities :

(Rs. In Millions)

SECURED LOAN	As on 31.03.2013	As on 31.03.2012
LONG TERM BORROWING
From Financial Institutions	684.606	0.000

SHORT TERM BORROWING
From Financial Institutions	700.000	0.000

Total	1384.606	0.000


Banking Relations :	---

Financial Institution :	Housing Development Finance Corporation Limited, Ramon House, 169 Backbay Reclamation, H T Parekh Marg, Mumbai-400020, Maharashtra, India

Auditors :
Name :	UKG and Associates Chartered Accountant
Address :	B/11, West View, 2nd Floor, Opposite Swaminarayan Temple, Dadar (East), Mumbai-400014, Maharashtra, India
Tel. No.:	91-22-24129600
Fax No.:	91-22-24100362
E-Mail :	ukgala@vsnl.com info@ukgala.com
Website :	www.ukgala.com
PAN No.:	AABFU2688R

Enterprises under significant influence of Key Management Personnel or their relatives::	Acme Real Estate Private Limited Acme Shelters Private Limited Acne Property Developers Private Limited Dharmesh Construction Private Limited Aalap Construction Private Limited Acme Complex Private Limited Ascent Housing Private Limited Acme Building Design consultants Private Limited Avishkar Infrastructure Private Limited Acme Combines Aum Construction Management Services Private Limited Acme Associates Crossline Realtors (India) Private Limited Acme Sthapati Limited Acme Avenue Infrastructure Private Limited Acm Engineering Corporation Radha Shyam Property Construction Private Limited HDFC Investment Trust Tultaco Services Limited Lemesos

Holding Company :	Acme Housing (India) Private Limited

Subsidiary :	Acme Relatives Private Limited CIN No.:- U45202MH2008PTC180445

Holding Company :	Acme Housing India Private Limited CIN No.:- U45102MH2001PTC131675

CAPITAL STRUCTURE

After 26.09.2013

Authorised Capital : Rs. 37.500 Millions

Issued, Subscribed & Paid-up Capital : Rs. 31.500 Millions

As on 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount

1500000	Class A Equity Shares	Rs.10/- each	Rs. 15.000 Millions
1500000	Class B Equity Shares	Rs.10/- each	Rs. 15.000 Millions
	Total		Rs. 30.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

900001	Class A Equity Shares	Rs.10/- each	Rs. 9.000 Millions
900000	Class B Equity Shares	Rs.10/- each	Rs. 9.000 Millions
	TOTAL		Rs. 18.000 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	18.000	18.000	18.000
(b) Reserves & Surplus	33.862	6.592	1.960
(c) Money received against share warrants	0.250	0.000	0.675

(2) Share Application money pending allotment	0.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	52.112	24.592	20.635

(3) Non-Current Liabilities
(a) long-term borrowings	934.606	931.750	675.000
(b) Deferred tax liabilities (Net)	0.725	0.000	0.000
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	2.566	1.754	0.128
Total Non-current Liabilities (3)	937.897	933.504	675.128

(4) Current Liabilities
(a) Short term borrowings	1381.750	0.000	0.000
(b) Trade payables	62.292	17.045	49.930
(c) Other current liabilities	1727.323	1253.063	1404.584
(d) Short-term provisions	2.742	1.580	18.839
Total Current Liabilities (4)	3174.107	1271.688	1473.353

TOTAL	4164.116	2229.784	2169.116

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	156.303	6.245	2.873
(ii) Intangible Assets	2.769	0.170	0.000
(iii) Capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under development	0.000	1.891	1.570
(b) Non-current Investments	1158.100	310.000	0.000
(c) Deferred tax assets (net)	0.000	1.103	0.000
(d) Long-term Loan and Advances	739.661	470.453	421.030
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	2056.833	789.862	425.473

(2) Current assets
(a) Current investments	0.000	0.118	120.532
(b) Inventories	1743.333	1143.270	1487.114
(c) Trade receivables	1.455	0.331	0.000
(d) Cash and cash equivalents	57.549	12.245	134.088
(e) Short-term loans and advances	130.726	207.769	1.350
(f) Other current assets	174.220	76.189	0.559
Total Current Assets	2107.283	1439.922	1743.643

TOTAL	4164.116	2229.784	2169.116

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2013	31.03.2012	31.03.2011
	SALES
	Income	542.395	783.216	50.180
	Other Income	152.991	91.486	3.776
	TOTAL (A)	695.386	874.702	53.956

Less	EXPENSES
	Property development expenses	528.345	819.020	51.934
	Employees benefits expense	27.078	29.004	0.000
	Other expenses	15.725	11.552	0.030
	TOTAL (B)	571.148	859.576	51.964

Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	124.238	15.126	1.992

Less	FINANCIAL EXPENSES (D)	78.489	10.400	0.053

	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	45.749	4.726	1.939

Less/ Add	DEPRECIATION/ AMORTISATION (	10.875	1.198	0.000

	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	34.874	3.528	1.939

Less	TAX (I)	7.604	(1.103)	(0.004)

	PROFIT/ (LOSS) AFTER TAX (G-I) (J)	27.270	4.631	1.943

Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD (K)	6.591	1.960	0.017

	Balance Carried to the B/S (J+K+L-M)	33.861	6.591	1.960

	Earnings / (Loss) Per Share (Rs.)	15.15	2.57	1.08

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
Net Profit Margin (PAT/Sales)	(%)	5.03	0.59	3.87

Operating Profit Margin (PBDIT / Sales)	(%)	22.91	1.93	3.97

Return on Total Assets (PBT/Total Assets}	(%)	1.16	0.18	0.09

Return on Investment (ROI) (PBT/Networth)		0.67	0.14	0.09

Debt Equity Ratio (Total Debt /Networth)		44.45	37.89	32.71

Current Ratio (Current Asset/Current Liability)		0.66	1.13	1.18

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	18.000	18.000	18.000
Reserves & Surplus	1.960	6.592	33.862
Money received against share warrants	0.675	0.000	0.250
Net worth	20.635	24.592	52.112

long-term borrowings	675.000	931.750	934.606
Short term borrowings	0.000	0.000	1381.750
Total borrowings	675.000	931.750	2316.356
Debt/Equity ratio	32.711	37.888	44.450

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)
Sales	50.180	783.216	542.395
		1,460.813	(30.748)

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	50.180	783.216	542.395
Profit	1.943	4.631	27.270
	3.87%	0.59%	5.03%

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	----------------------
23]	Banking Details	No
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

UNSECURED LOAN

(Rs. In Millions)

	As on 31.03.2013	As on 31.03.2012
Long Term Borrowing
Compulsory Convertible Debenture (CCD's):
NIL / (6,75,000S) series I, II & III Debentures of Face Value of Rs. 1000/- 6.each	0.000	675.000
NIL / (2.50.000) series IV Debentures of Face Value of Rs. 1000/- each	250.000	250.000
NIL / (675000) Series I,II & III Debentures of Face Value of Rs. 10/- each	0.000	6.750

SHORT TERM BORROWING
Compulsory Convertible Debentures (CCD's):
6,75,000/ (NlL) Series I II & lll Debentures of Face Value of Rs. 1000/- each	675.000	0.000
6,75,000/ (NlL) Series LII & Ill Debentures of Face Value of Rs. 10/- each	6.750	0.000

Total	931.750	931.750

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10457030	30/10/2013	500,000,000.00	HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED	RAMON HOUSE 169BACKBAY RECLAMATION, H T PAREKH MARG, MUMBAI, Maharashtra - 400020, INDIA	B88273453
2	10444317	17/08/2013	2,325,320,000.00	HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED	RAMON HOUSE 169BACKBAY RECLAMATION, H T PAREKH MARG, MUMBAI, Maharashtra - 400020, INDIA	B82731688
3	10359062	15/05/2012	1,200,000,000.00	HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED	RAMON HOUSE 169BACKBAY RECLAMATION, H T PAREKH MARG, MUMBAI, Maharashtra - 400020, INDIA	B40957383

* Date of charge modification

COMPANY BACKGROUND

Subject is a private limited company incorporated under the Companies Act, 1956. The company is engaged in the business of building and developing real estate property.

FIXED ASSETS

Plant and Machinery
Furniture and Fixtures
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 :	SVA

Analysis Done by :	KAR

Report Prepared by :	ART

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	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		27

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.

MIRA INFORM REPORT

Unit