MIRA INFORM REPORT

Report Date :

24.09.2014

IDENTIFICATION DETAILS

Name :	NEWTECH SHETERS PRIVATE LIMITED
Registered Office :	A-44, 4^thFloor, Gyandeep Appartments, Plot No.8, Mayur Vihar, Phase-1, New Delhi-110091
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	22.07.2010
Com. Reg. No.:	55-206165
Capital Investment / Paid-up Capital :	RS.0.100 Millions
CIN No.: [Company Identification No.]	U70200DL2010PTC206165
Legal Form :	Private Limited Liability Company.
Line of Business :	The company’s main line of business is real estate development and related activities including construction and consultancy services.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

B (26)

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

Maximum Credit Limit :	USD 2700
Status :	Project Under Construction
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Eventhough the company was incorporated during the year 2010 The company has not commenced its commercial operation as the company project is under construction. As per the available financials of 2013, the company has recorded huge borrowings. As per registration of companies the status of company is shown as active. Payment terms are unknown. The company can be considered for business dealings with great 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	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. Mukesh Roy
Designation :	Director
Contact No.:	91-9891982623
Date :	19.09.2014

LOCATIONS

Registered Office :	A-44, 4^thFloor, Gyandeep Appartments, Plot No.8, Mayur Vihar, Phase-1,New Delhi-110091, India
Tel No.:	Not Available
Mobile No.:	91-981982623 (Mr. Mukesh Roy)
Fax No.:	Not Available
E-Mail :	roc@kkcca.in

DIRECTORS

Name :

Mr. Mukesh Kumar Roy

Designation :

Director

Address :

CA-52, Peoplel Co-Operative Colony, Kankarbagh, Patna-800020,Bihar, India

Date of Birth/Age :

04.03.1967

Date of Appointment :

22.07.2010

DIN No.:

02175661

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	U45202DL2003PTC122513	HRC ENGINEERS ESTATE PRIVATE LIMITED	Director	27/11/2003	27/11/2003	31/03/2010	Dormant	NO
2	U51397DL2004PTC125100	AMBIT HEALTH CARE PRIVATE LIMITED	Director	13/03/2004	13/03/2004	-	Active	NO
3	U45201DL2005PTC139264	ANJALI BUILDCON PRIVATE LIMITED	Director	05/08/2005	05/08/2005	-	Active	NO
4	U70200DL2010PTC206165	NEWTECH SHELTERS PRIVATE LIMITED	Director	22/07/2010	22/07/2010	-	Active	NO
5	U70200DL2010PTC208933	LA RESIDENTIA DEVELOPERS PRIVATE LIMITED	Director	30/09/2010	30/09/2010	-	Active	NO
6	U70102DL2011PTC227589	NEWTECH RESIDENCY PRIVATE LIMITED	Director	17/11/2011	17/11/2011	-	Active	NO
7	U70109DL2011PTC229192	Newtech digihomes Private limited	Director	23/12/2011	23/12/2011	-	Active	NO
8	U70109DL2011PTC229241	Newtech Buildtech Private Limited	Director	26/12/2011	26/12/2011	-	Active	NO
9	U45400DL2007PTC163513	AASHIYANA PROMOTERS AND DEVELOPERS PRIVATE LIMITED	Director	24/08/2012	14/01/2012	-	Active	NO
10	U70109DL2006PTC154755	SHRI BALAJI HI-TECH CONSTRUCTIONS PRIVATE LIMITED	Additional director	17/09/2013	17/09/2013	-	Active	NO
11	U70109DL2013PTC260383	NEWTECH RESIDENTIA PRIVATE LIMITED	Director	19/11/2013	19/11/2013	-	Active	NO
12	U70101DL2013PTC262323	Newtech La Palacia Private Limited	Director	17/12/2013	17/12/2013	-	Active	NO
13	AAB-0588	GARDENIA NEWTECH DEVELOPERS LLP	Designated Partner	09/08/2012	09/08/2012	-	Active	NO

Name :

Mr. Sanjeev Kumar

Designation :

Director

Address :

A-44, 4^th Floor, Gyandeep Appt. Plot No.8, Mayur Vihar Ph-1, New Delhi-110091, India

Date of Birth/Age :

01.01.1974

Date of Appointment :

22.07.2010

DIN No.:

03136323

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	U45201DL2005PTC139264	ANJALI BUILDCON PRIVATE LIMITED	Director	30/03/2006	30/03/2006	-	Active	NO
2	U70200DL2010PTC206165	NEWTECH SHELTERS PRIVATE LIMITED	Director	22/07/2010	22/07/2010	-	Active	NO
3	U70200DL2010PTC208933	LA RESIDENTIA DEVELOPERS PRIVATE LIMITED	Director	30/09/2010	30/09/2010	-	Active	NO
4	U70102DL2011PTC227589	NEWTECH RESIDENCY PRIVATE LIMITED	Director	17/11/2011	17/11/2011	-	Active	NO
5	U70109DL2011PTC229192	Newtech digihomes Private limited	Director	23/12/2011	23/12/2011	-	Active	NO
6	U70109DL2011PTC229241	Newtech Buildtech Private Limited	Director	26/12/2011	26/12/2011	-	Active	NO
7	U45400DL2007PTC163513	AASHIYANA PROMOTERS AND DEVELOPERS PRIVATE LIMITED	Director	24/08/2012	14/01/2012	-	Active	NO
8	U85110BR2007PTC013008	RAMANAND HEALTH CARE PRIVATE LIMITED	Director	11/07/2012	11/07/2012	-	Active	NO
9	U85110DL2009PTC195903	RAMANAND MAXLIFE INFRASTRUCTURE PRIVATE LIMITED	Additional director	23/11/2012	23/11/2012	-	Active	NO
10	U70109DL2013PTC260383	NEWTECH RESIDENTIA PRIVATE LIMITED	Director	19/11/2013	19/11/2013	-	Active	NO
11	U70101DL2013PTC262323	Newtech La Palacia Private Limited	Director	17/12/2013	17/12/2013	-	Active	NO
12	AAB-0588	GARDENIA NEWTECH DEVELOPERS LLP	Designated Partner	09/08/2012	09/08/2012	-	Active	NO

MAJOR SHAREHOLDERS

As on 24.09.2012

Names of Shareholders	No. of Shares
Mr. Mukesh Kumar Roy	5000
Mr. Sanjeev Kumar	5000
Total	10000

As on 24.09.2012

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

The company’s main line of business is real estate development and related activities including construction and consultancy services.

s

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

Corporation Bank, C-45, Noida Sector 62, Gautam Buddh Nagar (UP), Noida-201307, Uttar Pradesh , India

Facilities :

SECURED LOANS	31.03.2013 (Rs. In Millions)	31.03.2012 (Rs. In Millions)
LONG TERM BORROWINGS
Auto Loan From Corporation Bank	7.491	8.889
Total	7.491	8.889

Banking Relations :	--
Auditors :
Name :	Keshari Keshari and Company Chartered Accountant
Address :	C-167, Sector-19, Noida-201301, Uttar Pradesh, India
PAN No.:	AADFK6362Q
Entities over which key managerial personnel or their relatives exercises significant influence :	· Anjali Buildcon Private Limited · Ramanand Maxlife Infrastructure Private Limited · Gardenia Newtech Bdevelopers LLP · Aashiyana Promoters And Developers Private Limited

CAPITAL STRUCTURE

As on 24.09.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Rs. 10/- each	Rs. 0.100 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Rs. 10/- each	Rs. 0.100 Million

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	0.100	0.100	0.100
(b) Reserves & Surplus	0.586	0.462	(0.006)
I 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)	0.686	0.562	0.094
(3) Non-Current Liabilities
(a) long-term borrowings	7.491	8.889	0.000
(b) Deferred tax liabilities (Net)	0.171	0.172	0.000
I Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	7.662	9.061	0.000
(4) Current Liabilities
(a) Short term borrowings	121.237	18.314	0.000
(b) Trade payables	4.986	0.817	0.011
I Other current liabilities	83.578	78.244	0.000
(d) Short-term provisions	0.824	1.810	0.005
Total Current Liabilities (4)	210.625	99.185	0.016
TOTAL	218.973	108.808	0.110
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	9.075	11.861	0.000
(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	35.790	0.000	0.000
I Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000	0.000
I Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	44.865	11.861	0.000
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	71.905	27.171	0.000
I Trade receivables	0.000	0.000	0.000
(d) Cash and cash equivalents	2.029	4.035	0.101
I Short-term loans and advances	92.110	65.000	0.000
(f) Other current assets	8.064	0.741	0.009
Total Current Assets	174.108	96.947	0.110
TOTAL	218.973	108.808	0.110

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011
	SALES
		Income	0.123	0.803
		Other Income	0.000	0.000
		TOTAL	0.123	0.803
Less	EXPENSES
		Cost of Materials Consumed	24.796	2.632
		Purchases of Stock-in-Trade
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(44.734)	(27.171)
		Employees benefits expense	12.163	10.742
		Other expenses	3.741	13.198
		TOTAL	(4.034)	(0.599)
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		4.157	1.402
Less	FINANCIAL EXPENSES		1.012	0.118
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		3.145	1.284
Less/ Add	DEPRECIATION/ AMORTISATION		3.021	0.481
	PROFIT/ (LOSS) BEFORE TAX		0.124	0.803
Less	TAX		0.000	0.335
	PROFIT/ (LOSS) AFTER TAX		0.124	0.468
	Earnings / (Loss) Per Share (Rs.)		12.33	46.89

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	100.81	58.28	N.A
Net Profit Margin (PBT/Sales)	(%)	100.81	100.00	N.A
Return on Total Assets (PBT/Total Assets}	(%)	0.07	0.74	N.A
Return on Investment (ROI) (PBT/Networth)		0.18	1.43	N.A
Debt Equity Ratio (Total Liability/Networth)		187.65	48.40	N.A
Current Ratio (Current Asset/Current Liability)		0.83	0.98	6.88

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	0.100	0.100	0.100
Reserves & Surplus	(0.006)	0.462	0.586
Net worth	0.094	0.562	0.686
long-term borrowings	0.000	8.889	7.491
Short term borrowings	0.000	18.314	121.237
Total borrowings	0.000	27.203	128.728
Debt/Equity ratio	0.000	48.404	187.650

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)
Sales	0.803	0.123
		(84.682)

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)
Sales	0.803	0.123
Profit	0.468	0.124
	58.28%	100.81%

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	No
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 two years	Yes
13]	Reasons for variation <> 20%	-----
14]	Estimation for coming financial year	No
15]	Capital in the business	No
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	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	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 LOANS

Unsecured Loans	31.03.2013 (Rs. In Millions)	31.03.2012 (Rs. In Millions)
SHORT TERM BORROWINGS
Loan From Related Parties	22.237	14.314
Loan From Other	99.000	4.000
Total	121.237	18.314

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10496328	09/04/2014	182,500,000.00	Bank of Baroda	M-9, Connaught Circus,, New Delhi, Delhi - 110001,  INDIA	C04994091
2	10343588	31/01/2012	4,500,000.00	CORPORATION BANK	C-45,NOIDA SECTOR 62, GAUTAM BUDDH NAGAR ( UP), NOIDA, Uttar Pradesh - 201307, INDIA	B35591825
3	10333286	21/01/2012	4,500,000.00	CORPORATION BANK	C-45,NOIDA SECTOR 62, GAUTAM BUDDH NAGAR (UP), NOIDA, Uttar Pradesh - 201307, INDIA	B31116460

FIXED ASSETS

· Furniture and Fixtures

· Plant and Machinery

· Computer

· Office Equipments

· Vehicles

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.60.78
UK Pound	1	Rs.78.16
Euro	1	Rs.99.29

INFORMATION DETAILS

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

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	2
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	4
--CREDIT LINES	1~10	2
--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	NO
--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.