MIRA INFORM REPORT

Report Date :

19.09.2014

IDENTIFICATION DETAILS

Name :	WELLDONE INFRASTRUCTURE PRIVATE LIMITED

Registered Office :	Halwasiya Court Hazarat Ganj, Lucknow – 226001, Uttar Pradesh

Country :	India

Financials (as on) :	31.03.2013

Date of Incorporation :	28.12.2005

Com. Reg. No.:	20-031159

Capital Investment / Paid-up Capital :	Rs. 5.000 Millions

CIN No.: [Company Identification No.]	U45201UP2005PTC031159

Legal Form :	Private Limited Liability Company

Line of Business :	Subject Engage into construction activities

No. of Employees :	11 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (26)

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

Maximum Credit Limit :	USD12000

Status :	Project under implementation

Payment Behaviour :	Slow

Litigation :	Clear

Comments :	Even though the company was incorporated on 28^th December 2005, project of the company is under implementation. As claimed by Mr. Vinod, Accountant that company is into construction business and it has taken project of constructing mall. Further he also provided general information and claim that project of constructing mall will get complete till 2015. As per available financial record of 2013, the company has incurred huge accumulated losses. However, Business is active. Payment terms are slow. The company can be considering for business dealing with some caution.

NOTES:

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

ECGC Country Risk Classification List – 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.

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	Long term rating = B+
Rating Explanation	Risk prone credit quality and very high credit risk.
Date	17.02.2014

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.

INFORMATION PARTED BY

Name :	Mr. Vinod
Designation :	Accountant
Contact No.:	91-522-2612524
Date :	17.09.2014

LOCATIONS

Registered Office :	Halwasiya Court Hazarat Ganj, Lucknow – 226001, Uttar Pradesh, India
Tel. No.:	91-522-2612524
Fax No.:	Not Available
E-Mail :	lucknow@halwasiyagroup.com
Location :	Owned

DIRECTORS

As on: 30.09.2013

Name :

Mr. Uma Shankar Halawasiya

Designation :

Director

Address :

Halwasiya Court, Mahatma Gandhi Road, Hazratganj, Lucknow – 226001, Uttar Pradesh, India

Date of Birth/Age :

23.08.1949

Date of Appointment :

28.12.2005

DIN No.:

00374321

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	U45201UP1985PLC027086	BIRMINGHAM PROPERTIES LIMITED	Director	20/04/1988	20/04/1988	-	Active	NO
2	U45201UP1997PTC021516	HALWASIYA DEVELOPMENTS PRIVATE LIMITED	Director	06/03/1997	06/03/1997	-	Active	NO
3	U67120UP1995PTC017385	WELLDONE ESTATE PROJECTS PRIVATE LIMITED	Director	12/12/2000	12/12/2000	30/11/2010	Active	NO
4	U45201UP2000PLC025083	G.R. MAINTENANCE AND SERVICES LIMITED	Director	12/01/2003	12/01/2003	-	Active	NO
5	U45302UP2004PTC029329	WELLONE WASH AND CLEAN SERVICES PRIVATE LIMITED	Director	15/12/2004	15/12/2004	30/11/2010	Active	NO
6	U65921WB1996PTC081154	RAINBOW VENTURES PRIVATE LIMITED	Director	05/08/2005	05/08/2005	-	Active	NO
7	U45201UP2005PLC030576	WELLWON BUILDERS (INDIA) LIMITED	Director	26/08/2005	26/08/2005	-	Active	NO
8	U45201UP2005PTC031159	WELLDONE INFRASTRUCTURE PRIVATE LIMITED	Director	28/12/2005	28/12/2005	-	Active	NO
9	U45201UP2005PTC031176	WELLDONE INFRASTRUCTURE(LUCKNOW) PRIVATE LIMITED	Director	31/03/2006	31/03/2006	-	Active	NO
10	U25201UP2005PTC031177	WELLDONE TECHNOLOGY PARKS DEVELOPMENT PRIVATE LIMITED	Director	31/03/2006	31/03/2006	28/03/2014	Active	NO
11	L74899DL1985PLC021256	FAIRDEAL PROPERTIES LIMITED	Director	01/09/2006	01/09/2006	24/07/2014	Active	NO
12	U51109WB2007PTC113914	MONOGRAM DEALCOM PRIVATE LIMITED	Director	10/04/2007	10/04/2007	17/10/2011	Active	NO
13	U45400UP2007PTC033269	WELLDONE DEVELOPERS PRIVATE LIMITED	Director	10/05/2007	10/05/2007	-	Active	NO
14	U45400UP2007PTC033277	WELLDONE COLONISERS PRIVATE LIMITED	Director	10/05/2007	10/05/2007	-	Under Process of Striking off	NO
15	U74900HR2008PTC037674	TECHPARK MAINTENANCE SERVICES PRIVATE LIMITED	Director	04/03/2008	04/03/2008	-	Active	NO
16	U74899DL1951GAP001947	PHD CHAMBER OF COMMERCE AND INDUSTRY	Director	17/12/2008	17/12/2008	24/12/2010	Active	NO
17	U65900WB2011PTC166547	HALWASIYA GROUP HOLDINGS PRIVATE LIMITED	Director	18/08/2011	18/08/2011	-	Active	NO

Name :

Mr. Bharat Shankar Halwasiya

Designation :

Director

Address :

Halwasiya Court, Mahatma Gandhi Road, Hazratganj, Lucknow – 226001, Uttar Pradesh, India

Date of Birth/Age :

28.05.1976

Date of Appointment :

01.03.2008

DIN No.:

00374430

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	U45201UP1997PTC021516	HALWASIYA DEVELOPMENTS PRIVATE LIMITED	Director	06/03/1997	06/03/1997	-	Active	NO
2	U45201UP1985PLC027086	BIRMINGHAM PROPERTIES LIMITED	Director	31/03/1997	31/03/1997	-	Active	NO
3	U67120UP1995PTC017385	WELLDONE ESTATE PROJECTS PRIVATE LIMITED	Director	12/12/2001	12/12/2001	13/04/2007	Active	NO
4	U45302UP2004PTC029329	WELLONE WASH AND CLEAN SERVICES PRIVATE LIMITED	Director	15/12/2004	15/12/2004	08/04/2007	Active	NO
5	U65921WB1996PTC081154	RAINBOW VENTURES PRIVATE LIMITED	Director	05/08/2005	05/08/2005	-	Active	NO
6	U25201UP2005PTC031177	WELLDONE TECHNOLOGY PARKS DEVELOPMENT PRIVATE LIMITED	Director	30/12/2005	30/12/2005	08/04/2007	Active	NO
7	U45201UP2005PTC031176	WELLDONE INFRASTRUCTURE(LUCKNOW) PRIVATE LIMITED	Director	31/12/2005	31/12/2005	-	Active	NO
8	U45201UP2005PLC030576	WELLWON BUILDERS (INDIA) LIMITED	Director	27/01/2007	27/01/2007	-	Active	NO
9	U45201UP2000PLC025083	G.R. MAINTENANCE AND SERVICES LIMITED	Director	19/03/2007	19/03/2007	-	Active	NO
10	U45400UP2007PTC033269	WELLDONE DEVELOPERS PRIVATE LIMITED	Director	10/05/2007	10/05/2007	-	Active	NO
11	U45400UP2007PTC033277	WELLDONE COLONISERS PRIVATE LIMITED	Director	10/05/2007	10/05/2007	-	Under Process of Striking off	NO
12	U70102DL2007PTC166949	ALL INDIA DEVELOPERS CONSORTIUM PRIVATE LIMITED	Director	25/10/2007	25/10/2007	-	Active	NO
13	U45201UP2005PTC031159	WELLDONE INFRASTRUCTURE PRIVATE LIMITED	Director	01/03/2008	01/03/2008	-	Active	NO
14	U65900WB2011PTC166547	HALWASIYA GROUP HOLDINGS PRIVATE LIMITED	Director	18/08/2011	18/08/2011	-	Active	NO

Name :

Mr. Sushil Kumar Singhania

Designation :

Director

Address :

6^th Floor, Flat No. 14, “Alpana”, 60 Poddar Road, Mumbai – 400026, Maharashtra, India

Date of Birth/Age :

13.05.1956

Date of Appointment :

14.04.2011

DIN No.:

00379991

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	U51109WB1947PTC015246	SINGHANIA & SONS PVT LTD	Director	11/12/1986	11/12/1986	15/06/2012	Active	NO
2	U24231WB1987PTC041813	GAUNIK TRADERS PVT LTD	Director	28/01/1987	28/01/1987	15/06/2012	Active	NO
3	U24119WB1987PTC042168	FAB CHEMICALS PVT LTD	Director	08/04/1987	08/04/1987	-	Active	NO
4	U67120MH1984PTC033631	GANAPATI HOLDINGS AND TRADINGS PRIVATE LIMITED	Managing director	03/11/1989	03/11/1989	-	Active	NO
5	L51909WB1982PLC034891	CHAMPION COMMERCIAL CO. LTD	Director	31/01/2014	26/11/1990	-	Active	NO
6	U70101WB1995PTC072786	ARNOLD BUILDERS PVT LTD	Director	11/07/1995	11/07/1995	-	Active	NO
7	U51109WB1998PTC086644	PTC GLOBAL PRIVATE LIMITED	Director	25/02/1998	25/02/1998	15/06/2012	Active	NO
8	U74899DL1990PTC041333	PASUPATI TEXTURISING PRIVATE LIMITED	Director	11/11/2004	11/11/2004	-	Active	NO
9	U51109WB2005PTC105548	SPRINGFIELD GOODS PRIVATE LIMITED	Director	06/02/2007	06/02/2007	-	Active	NO
10	U40108CT2007PLC020371	CHATTISGARH ENERGY LIMITED	Director	11/09/2007	11/09/2007	22/09/2008	Active	NO
11	U27102JH2003PLC010226	JHARKHAND METALS & POWER LIMITED	Director	26/09/2008	23/10/2007	-	Active	NO
12	U45201UP2005PTC031159	WELLDONE INFRASTRUCTURE PRIVATE LIMITED	Director	14/04/2011	14/04/2011	-	Active	NO
13	U24233MH2010PTC209146	CHAMPION ADVANCED MATERIALS PRIVATE LIMITED	Director	31/01/2014	27/09/2012	-	Active	NO
14	AAC-0353	CHAMPION REALTY LLP	Designated Partner	28/01/2014	28/01/2014	-	Active	NO

Name :

Mr. Mukund Halwasiya

Designation :

Director

Address :

Halwasiya Court, Mahatma Gandhi Road, Hazratganj, Lucknow – 226001, Uttar Pradesh, India

Date of Birth/Age :

31.12.1985

Date of Appointment :

22.06.2010

DIN No.:

00507081

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	L74899DL1985PLC021256	FAIRDEAL PROPERTIES LIMITED	Director	24/07/2003	24/07/2003	09/08/2014	Active	NO
2	U45201UP1997PTC021516	HALWASIYA DEVELOPMENTS PRIVATE LIMITED	Director	01/04/2004	01/04/2004	-	Active	NO
3	U65921WB1996PTC081154	RAINBOW VENTURES PRIVATE LIMITED	Director	05/08/2005	05/08/2005	-	Active	NO
4	U45201UP2005PLC030576	WELLWON BUILDERS (INDIA) LIMITED	Director	01/03/2008	01/03/2008	-	Active	NO
5	U45201UP2005PTC031159	WELLDONE INFRASTRUCTURE PRIVATE LIMITED	Director	22/06/2010	22/06/2010	-	Active	NO
6	U45201UP2000PLC025083	G.R. MAINTENANCE AND SERVICES LIMITED	Director	14/08/2010	14/08/2010	-	Active	NO
7	U70109WB2011PTC164789	MUKUT HOUSE DEVELOPERS PRIVATE LIMITED	Director	11/07/2011	11/07/2011	-	Active	NO
8	U65900WB2011PTC166547	HALWASIYA GROUP HOLDINGS PRIVATE LIMITED	Director	18/08/2011	18/08/2011	-	Active	NO
9	U45201UP1985PLC027086	BIRMINGHAM PROPERTIES LIMITED	Additional director	24/02/2014	24/02/2014	-	Active	NO

Name :

Mr. Gaurav Singhania

Designation :

Director

Address :

14, Alpana C.H S. Limited. 6^th Floor, 60, Pedder Road, Mumbai – 400026, Maharashtra, India

Date of Birth/Age :

20.05.1982

Date of Appointment :

10.08.2012

DIN No.:

01186568

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	U25199MH2006PTC164611	CHAMPION POLYTECH PRIVATE LIMITED	Director	15/09/2006	15/09/2006	-	Active	NO
2	U51109WB2005PTC105548	SPRINGFIELD GOODS PRIVATE LIMITED	Director	06/02/2007	06/02/2007	-	Active	NO
3	U67120MH1984PTC033631	GANAPATI HOLDINGS AND TRADINGS PRIVATE LIMITED	Director	27/11/2007	27/11/2007	-	Active	NO
4	U24233MH2010PTC209146	CHAMPION ADVANCED MATERIALS PRIVATE LIMITED	Director	11/07/2011	11/07/2011	-	Active	NO
5	L51909WB1982PLC034891	CHAMPION COMMERCIAL CO. LTD	Director	29/09/2012	10/07/2012	-	Active	NO
6	U45201UP2005PTC031159	WELLDONE INFRASTRUCTURE PRIVATE LIMITED	Director	10/08/2012	10/08/2012	-	Active	NO
7	U74899DL1990PTC041333	PASUPATI TEXTURISING PRIVATE LIMITED	Director	27/12/2013	27/12/2013	-	Active	NO
8	AAC-0353	CHAMPION REALTY LLP	Designated Partner	28/01/2014	28/01/2014	-	Active	NO
9	AAC-0940	METRO APARTMENTS LLP	Designated Partner	17/02/2014	17/02/2014	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Vinod
Designation :	Accountant

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 30.09.2013

Names of Shareholders	No. of Shares	% of Holding
Shalwasiya Developments Private Limited	312500	62.50
Vedant Vanijya Private Limited	80000	16.00
Pasupati Texturing Private Limited	107500	21.50
Total	500000	100.00

Equity Share Break up (Percentage of Total Equity)

As on: 30.09.2013

Category		Percentage

Bodies corporate		100.00

Total		100.00

BUSINESS DETAILS

Line of Business :	Subject Engage into construction activities

Products :	· Augusta Point Golf Course Road · Halwasiya Court Hazratganj · Lucknow Central Gomti Nagar

Terms :
Selling :	Cheque

Purchasing :	Cheque

GENERAL INFORMATION

No. of Employees :

11 (Approximately)

Bankers :

· Bank of Baroda, Lucknow (Branch), Uttar Pradesh, India

· Kotak Mahindra Bank, Luck (Branch), Uttar Pradesh, India

· Corporation Bank, Luck (Branch), Uttar Pradesh, India

Facilities :

Secured Loan	As on 31.03.2013	As on 31.03.2012
	(Rs. In Millions)
LONG TERM BORROWINGS:
TERM LOAN
From Corporation Bank	106.800	0.000
Total	106.800	0.000


Banking Relations :	--

Auditors :
Name :	B, Chhawchharia and Company Chartered Accountants
Address :	DTJ 422, DLF Tower B, Jasola District Centre, Jsola, New Delhi – 110025, Delhi, India
Tel. No.:	91-11-41081004
E-Mail :	delhi@bcco.co.in
PAN No.:	AADFB3201F

Holding Company :	Halwasiya Developments Private Limited

Fellow subsidiaries :	G. R. Maintenance and Services Private Limited

Enterprises Over Which Any Individual And Key Management Personnel Are Able To Exercise Significant In Influence :	· Pasupati Texturing Private Limited · G. R. Agencies

CAPITAL STRUCTURE

As on: 30.09.2013

Authorized Capital: Rs. 120.000 Millions

Issued, Subscribed & Paid-up Capital: Rs. 50.000 Milions

As on: 31.03.2013

Authorized Capital:

No. of Shares	Type	Value	Amount

12000000	Equity Shares	Rs.10/- each	Rs 120.000 Millions

Issued, Subscribed & Paid-up Capital:

No. of Shares	Type	Value	Amount

500000	Equity Shares	Rs.10/- each	Rs. 5.000 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	5.000	5.000	5.000
(b) Reserves & Surplus	(1.908)	(1.959)	(1.720)
(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)	3.092	3.041	3.280

(3) Non-Current Liabilities
(a) long-term borrowings	122.100	27.000	27.000
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	46.600	32.255	1.600
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	168.700	59.255	28.600

(4) Current Liabilities
(a) Short term borrowings	31.425	31.604	33.239
(b) Trade payables	1.733	9.675	0.000
(c) Other current liabilities	3.577	1.362	15.917
(d) Short-term provisions	0.024	0.012	0.012
Total Current Liabilities (4)	36.759	42.653	49.168

TOTAL	208.551	104.949	81.048

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.003	0.006	0.010
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.000	0.000	0.000
(c) Deferred tax assets (net)	0.809	0.854	0.747
(d) Long-term Loan and Advances	2.400	2.597	2.966
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	3.212	3.457	3.723

(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	156.364	96.597	71.267
(c) Trade receivables	0.000	0.000	0.000
(d) Cash and cash equivalents	21.339	4.141	3.387
(e) Short-term loans and advances	27.636	0.754	2.671
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	205.339	101.492	77.325

TOTAL	208.551	104.949	81.048

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income
		Other Income
		TOTAL	0.663	0.280	0.833

Less	EXPENSES		NA	NA	NA

	PROFIT BEFORE TAX		NA	NA	NA

Less	TAX		NA	NA	NA

	PROFIT AFTER TAX		0.050	(0.238)	0.067

	Earnings Per Share (Rs.)		0.10	(0.476)	0.134

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	7.54	(85.00)	8.04

Debt Equity Ratio (Total Debt/Networth)		49.65	19.27	18.37

Current Ratio (Current Asset/Current Liability)		5.59	2.38	1.57

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	5.000	5.000	5.000
Reserves & Surplus	(1.720)	(1.959)	(1.908)
Net worth	3.280	3.041	3.092

long-term borrowings	27.000	27.000	122.100
Short term borrowings	33.239	31.604	31.425
Total borrowings	60.239	58.604	153.525
Debt/Equity ratio	18.366	19.271	49.652

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	0.833	0.280	0.663
		(66.387)	136.786

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	0.833	0.280	0.663
Profit	0.067	(0.238)	0.050
	8.04%	(85.00%)	7.54%

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	Yes
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	Yes
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

Particulars	As on 31.03.2013	As on 31.03.2012
	(Rs. In Millions)
LONG TERM BORROWINGS:
Debentures	15.300	27.00
SHORT TERM BORROWINGS:
Loans repayable on demand
From related parties	13.425	31.604
From others	18.000	0.000
Total	46.725	58.604

INDEX OF CHARGES:

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10383070	27/09/2012	450,000,000.00	CORPORATION BANK	11 B N ROAD, KAISERBAGH, LUCKNOW - 226001, UTTAR PRADESH, INDIA	B60732591

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 judgment 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.61.05
UK Pound	1	Rs.99.55
Euro	1	Rs.78.57

INFORMATION DETAILS

Information Gathered by :	GYT

Analysis Done by :	KAR

Report Prepared by :	JAY

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	-
--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		26

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
--	NB	New Business	--

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.

MIRA INFORM REPORT

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