MIRA INFORM REPORT

Report No. :	316023
Report Date :	09.04.2015

IDENTIFICATION DETAILS

Name :	BHATIA COLONIZERS PRIVATE LIMITED
Registered Office :	49 A, New Colony, Gumanpura, Kota – 324007, Rajasthan
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	25.01.2007
Com. Reg. No.:	17-023735
Capital Investment / Paid-up Capital :	Rs. 0.800 Million
CIN No.: [Company Identification No.]	U45201RJ2007PTC023735
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	Not Available
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is engaged in real estate business.
No. of Employees :	100 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (30)

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

Maximum Credit Limit :	USD 470000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is a special purpose vehicle engaged in developing township in Kota. It is an established company having moderate track record. The rating gets constrained due to the remaining execution risks associated with the company’s ongoing projects, as both the projects have reached in a transitional stage of construction (67% cost incurred for ‘Land Mark City’ and 39 % cost incurred for ‘Land Mark Crown’, till January. 2015). The rating also takes into account the company’s exposure to market risks, given the moderate level of bookings (40% of the saleable area booked for ‘Land Mark Crown’ and 34% for Land Mark City). Further the company possess moderate capital base along with high liabilities to be paid off. Trade relations are fair. Business is active. Payments are reported to be slow but correct. The company can be considered for business dealings with 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 – December 31, 2014

Country Name	Previous Rating (30.09.2014)	Current Rating (31.12.2014)
India	A1	A1

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

EXTERNAL AGENCY RATING

Rating Agency Name	ICRA
Rating	Fund based facility: “B+”
Rating Explanation	Risk prone credit quality and carries very high credit risk.
Date	February, 2015

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. Arun Mehta
Designation :	Director
Contact No.:	91-9414441444/ 9314441444
Date :	08.04.2015

LOCATIONS

Registered Office :	49 A, New Colony, Gumanpura, Kota – 324007, Rajasthan, India
Tel. No. :	Not Available
Mobile No. :	91-9414441444/ 9314441444 (Mr. Arun)
Fax No. :	Not Available
E-Mail :	kalanikota@gmail.com admin@shubhamgroup.info
Website :	www.shubhamgroup.info
Location :	Owned
Locality :	Commercial
Site Office :	Landmark City, Rundi Road, Kota – 324005, Rajasthan, India

DIRECTORS

As on 30.09.2014

Name :

Mr. Prem Jashandas Bhatia

Designation :

Director

Address :

49-A, New Colony Gumanpura, Kota - 324007, Rajasthan, India

Date of Birth/Age :

14.12.1954

Date of Appointment :

25.01.2007

DIN No. :

00126393

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	Company/ LLP Status	Defaulting status
1	U51109RJ1995PTC011034	BHATIA AUTOMOBILES COMPANY PRIVATE LIMITED	Director	08-11-1995	08-11-1995	Active	NO
2	U65910RJ1996PLC011629	BHATIA FINLEASE COMPANY LIMITED	Director	23-02-1996	23-02-1996	Active	NO
3	U00374RJ2006PTC022372	BHATIA CORPORATION PRIVATE LIMITED (PART IX)	Director	10-04-2006	10-04-2006	Active	NO
4	U45201RJ2006PTC022736	BHATIA INFRASTRUCTURES PRIVATE LIMITED	Director	30-06-2006	30-06-2006	Active	NO
5	U45201RJ2007PTC023735	BHATIA COLONIZERS PRIVATE LIMITED	Director	25-01-2007	25-01-2007	Active	NO
6	U45201RJ2007PTC024713	BHATIA INFRATECH PRIVATE LIMITED	Director	09-07-2007	09-07-2007	Active	NO
7	U45201RJ2007PTC024721	BHATIA INFRAPROJECTS PRIVATE LIMITED	Director	10-07-2007	10-07-2007	Active	NO
8	U45201RJ2010PLC030785	SHUBHAM INFRAPROJECTS LIMITED	Additional director	30-08-2013	30-08-2013	Active	NO

Name :

Mr. Ram Jashandas Bhatia

Designation :

Director

Address :

49-A, New Colonay Gumanpura, Kota - 324007, Rajasthan, India

Date of Birth/Age :

18.04.1952

Date of Appointment :

25.01.2007

DIN No. :

00126405

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	Company/ LLP Status	Defaulting status
1	U51109RJ1995PTC011034	BHATIA AUTOMOBILES COMPANY PRIVATE LIMITED	Director	08-11-1995	08-11-1995	Active	NO
2	U65910RJ1996PLC011629	BHATIA FINLEASE COMPANY LIMITED	Director	23-02-1996	23-02-1996	Active	NO
3	U00374RJ2006PTC022372	BHATIA CORPORATION PRIVATE LIMITED (PART IX)	Director	10-04-2006	10-04-2006	Active	NO
4	U45201RJ2006PTC022736	BHATIA INFRASTRUCTURES PRIVATE LIMITED	Director	30-06-2006	30-06-2006	Active	NO
5	U45201RJ2007PTC023735	BHATIA COLONIZERS PRIVATE LIMITED	Director	25-01-2007	25-01-2007	Active	NO
6	U45201RJ2007PTC024713	BHATIA INFRATECH PRIVATE LIMITED	Director	09-07-2007	09-07-2007	Active	NO
7	U45201RJ2007PTC024721	BHATIA INFRAPROJECTS PRIVATE LIMITED	Director	10-07-2007	10-07-2007	Active	NO
8	U45201RJ2010PLC030785	SHUBHAM INFRAPROJECTS LIMITED	Additional director	30-08-2013	30-08-2013	Active	NO

Name :

Mr. Rakesh Kumar Jain

Designation :

Director

Address :

Opposite Jain Mandir, Kota (JN), Kota - 324002, Rajasthan, India

Date of Birth/Age :

30.04.1960

Date of Appointment :

06.12.2007

DIN No. :

01691232

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	U45201RJ2007PTC023735	BHATIA COLONIZERS PRIVATE LIMITED	Director	06-12-2007	06-12-2007	-	Active	NO
2	U45201RJ2007PTC024721	BHATIA INFRAPROJECTS PRIVATE LIMITED	Director	10-08-2009	10-08-2009	-	Active	NO
3	U70101RJ2009PTC029604	SHUBHAM PRIME BUILDERS PRIVATE LIMITED	Director	13-08-2009	13-08-2009	-	Active	NO
4	U45201RJ2010PLC030785	SHUBHAM INFRAPROJECTS LIMITED	Director	20-01-2010	20-01-2010	20-11-2013	Active	NO

Name :

Mr. Deepak Rajwanshi

Designation :

Director

Address :

2-A-8, Talwandi, Kota - 324005, Rajasthan, India

Date of Birth/Age :

09.06.1968

Date of Appointment :

06.12.2007

DIN No. :

01691219

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	Company/ LLP Status	Defaulting status
1	U45201RJ2007PTC023735	BHATIA COLONIZERS PRIVATE LIMITED	Director	06-12-2007	06-12-2007	Active	NO
2	U45201RJ2007PTC024721	BHATIA INFRAPROJECTS PRIVATE LIMITED	Director	10-08-2009	10-08-2009	Active	NO
3	U70101RJ2009PTC029604	SHUBHAM PRIME BUILDERS PRIVATE LIMITED	Director	13-08-2009	13-08-2009	Active	NO
4	U45201RJ2010PLC030785	SHUBHAM INFRAPROJECTS LIMITED	Director	20-01-2010	20-01-2010	Active	NO
5	U70101RJ2011PTC036938	SHUBHAM GREEN BUILDERS PRIVATE LIMITED	Director	09-11-2011	09-11-2011	Active	NO
6	U70101RJ2011PTC037364	SHUBHAM GREEN COLONIZERS PRIVATE LIMITED	Director	17-12-2011	17-12-2011	Active	NO

Name :

Reema Harish Bhatia

Designation :

Director

Address :

49-A, New Colony, Gumanpura, Kota - 324007, Rajasthan, India

Date of Birth/Age :

21.04.1961

Date of Appointment :

15.01.2011

DIN No. :

01679320

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	Company/ LLP Status	Defaulting status
1	U51109RJ1995PTC011034	BHATIA AUTOMOBILES COMPANY PRIVATE LIMITED	Director	08-11-1995	08-11-1995	Active	NO
2	U65910RJ1996PLC011629	BHATIA FINLEASE COMPANY LIMITED	Director	13-07-2010	13-07-2010	Active	NO
3	U45201RJ2007PTC024713	BHATIA INFRATECH PRIVATE LIMITED	Director	15-01-2011	15-01-2011	Active	NO
4	U45201RJ2007PTC023735	BHATIA COLONIZERS PRIVATE LIMITED	Director	15-01-2011	15-01-2011	Active	NO
5	U45201RJ2006PTC022736	BHATIA INFRASTRUCTURES PRIVATE LIMITED	Director	15-01-2011	15-01-2011	Active	NO
6	U45201RJ2007PTC024721	BHATIA INFRAPROJECTS PRIVATE LIMITED	Director	15-01-2011	15-01-2011	Active	NO
7	U00374RJ2006PTC022372	BHATIA CORPORATION PRIVATE LIMITED (PART IX)	Director	15-01-2011	15-01-2011	Active	NO

Name :

Mr. Arun Mehta

Designation :

Director

Address :

C/O Shubham Builders, Opposite Modern Pet Pump, Choudhary Hotel, Jhalawar Road, Kota - 324007, Rajasthan, India

Date of Birth/Age :

16.06.1976

Date of Appointment :

13.07.2013

DIN No. :

02804934

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	Company/ LLP Status	Defaulting status
1	U45201RJ2010PLC030785	SHUBHAM INFRAPROJECTS LIMITED	Director	20-01-2010	20-01-2010	Active	NO
2	U70101RJ2009PTC029604	SHUBHAM PRIME BUILDERS PRIVATE LIMITED	Director	13-02-2010	13-02-2010	Active	NO
3	U45201RJ2007PTC024721	BHATIA INFRAPROJECTS PRIVATE LIMITED	Director	22-02-2011	22-02-2011	Active	NO
4	U70101RJ2011PTC036938	SHUBHAM GREEN BUILDERS PRIVATE LIMITED	Director	09-11-2011	09-11-2011	Active	NO
5	U70101RJ2011PTC037364	SHUBHAM GREEN COLONIZERS PRIVATE LIMITED	Director	17-12-2011	17-12-2011	Active	NO
6	U45201RJ2007PTC023735	BHATIA COLONIZERS PRIVATE LIMITED	Director	13-07-2013	13-07-2013	Active	NO
7	U70101RJ2013PTC044279	SHUBHAM GREEN DEVELOPERS PRIVATE LIMITED	Director	13-11-2013	13-11-2013	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2014

Names of Shareholders	No. of Shares	Percentage of Holding
Ram Jashandas Bhatia	8000	10.00
Prem Jashandas Bhatia	6000	7.50
Reema Harish Bhatia	11200	14.00
Jaya P. Bhatia	6800	8.50
Shalini R. Bhatia	4800	6.00
Deepak Rajwanshi	8800	11.00
Rakesh Jain	8800	11.00
Narendra Khendelwal	11200	14.00
Hemlata Khendelwal	8800	11.00
Arun Mehta	5600	7.00
Total	80000	100.00

As on 30.09.2014

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 :	Subject is engaged in real estate business.
Brand Names :	--
Agencies Held :	--
Exports :	--
Imports :	--
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference:	Vikas Steel
Name of the Person (with Designation):	Mr. Aditya Khandelwal
Contact Number:	91-9982221216 (Ringing)
Since How Long Known:	Not Divulged
Maximum Limit Dealt:	Not Divulged
Experience :	Not Divulged
Remarks :	Not Divulged

Customers :

Others

Reference:	Not Divulged
Name of the Person (with Designation):	Not Divulged
Contact Number:	Not Divulged
Since How Long Known:	Not Divulged
Maximum Limit Dealt:	Not Divulged
Experience :	Not Divulged
Remarks :	Not Divulged

No. of Employees :

100 (Approximately)

Bankers :

Bank Name:	Bank of India
Branch:	Industrial Area, Kota, Rajasthan, India
Name of the Person (with Designation):	Not Divulged
Contact Number:	Not Divulged
Name of Account Holder:	Not Divulged
Account Number:	Not Divulged
Account Since (Date/ Year of A/c Opening):	Not Divulged
Average Balance Maintained (Optional):	Not Divulged
Credit Facilities Enjoyed (CC/OD/Term Loan):	Not Divulged
Account Operation:	Not Divulged
Remarks: Not Divulged

· Axis Bank Limited

· State Bank of Bikaner and Jaipur

Facilities :

SECURED LOANS	31.03.2014 (Rs. In Million)	31.03.2013 (Rs. In Million)
LONG TERM BORROWINGS
Term Loans – From Banks
Bank of India Term Loan	68.638	52.481
AU Financiers (India) Limited	95.390	0.000
Total	164.028	52.481

NOTE

· Secured by way of Equitable Mortgage of leasehold land situated at Plot Group Housing No. 1, Khasra No. 369, Village Kunhari, Kota admeasuring 92573 sq. ft. in the name of the including present and proposed construction and Personal guarantee by directors hypothecation of plant and machinery and furniture and fixtures and misc. fixed assets of the company

· Secured by way of Equitable Mortgage by first and exclusive chage on property situated at plot No. A-49 to A-59, A-68, A-69, A-72, A-76, A-77, A-81, A-83 to A-85, A-06 to A-08, A-10 to A-16, Landmark city Kunhadi, Kota (Raj.) measuring 5333.20 sq. yards.

· Current maturity of long term debts Rs. 34.300 Millions

Banking Relations :	--
Financial Institution :	· AU Financiers (India) Limited, 19-A Dhuleshwar Garden, Jaipur - 302001, Rajasthan, India · Rajasthan Financial Corporation, A 209, Talwandi, Kota - 324005, Rajasthan, India · Indiabulls Financial Services Limited, F-60, Malhotra Building, 2nd Floor, Connaught Place, New Delhi - 110001, India
Auditors :
Name :	Kalani and Company Chartered Accountants
Address :	75, Samridhi, New Grain Mandi, Kota – 324007, Rajasthan, India
Income-tax PAN of auditor or auditor's firm :	AABFK0738Q
Memberships :	--
Collaborators :	--
Related Parties :	· Shubham Infraprojects Limited · Bhatia Infraproject Private Limited · Bhatia Corporation Private Limited · Shubham Prime Builders Private Limited · Bhatia Infrastructure Private Limited · Shubham Builders

CAPITAL STRUCTURE

As on 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
200,000	Equity Shares	Rs.10/- each	Rs. 2.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
80,000	Equity Shares	Rs.10/- each	Rs. 0.800 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014	31.03.2013	31.03.2012
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.800	0.800	0.500
(b) Reserves & Surplus	163.809	91.453	0.000
(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)	164.609	92.253	0.500
(3) Non-Current Liabilities
(a) Long-term borrowings	183.046	73.913	96.602
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	183.046	73.913	96.602
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	90.989	64.493	0.000
(c) Other current liabilities	163.234	80.469	64.033
(d) Short-term provisions	0.000	0.000	0.000
Total Current Liabilities (4)	254.223	144.962	64.033
TOTAL	601.878	311.128	161.135
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	3.076	2.687	0.038
(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)	0.045	-0.001	0.000
(d) Long-term Loan and Advances	0.000	0.000	0.000
(e) Other Non-current assets	1.894	0.083	0.000
Total Non-Current Assets	5.015	2.769	0.038
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	175.112	118.789	112.027
(c) Trade receivables	84.120	43.410	0.000
(d) Cash and cash equivalents	6.298	6.900	0.167
(e) Short-term loans and advances	59.774	33.621	19.218
(f) Other current assets	271.559	105.639	29.685
Total Current Assets	596.863	308.359	161.097
TOTAL	601.878	311.128	161.135

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income		157.417	--
		Other Income		0.878	--
		TOTAL (A)	248.220	158.295	--
Less	EXPENSES
		TOTAL (B)	133.347	124.371	--
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		114.873	33.924	--
Less	FINANCIAL EXPENSES (D)		6.890	4.127	--
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		107.983	29.797	--
Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.728	0.343	--
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)		107.255	29.454	--
Less	TAX (H)		34.899	9.701	--
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)		72.356	19.753	--
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		19.753	0.000	--
	BALANCE CARRIED TO THE B/S		92.109	19.753	--
	Earnings / (Loss) Per Share (Rs.)		904.45	246.91	--

Expected Sales (2014-2015): Rs. 700.000 Millions

The above information has been parted by Mr. Arun Mehta (Director).

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT/Sales)	(%)	NA	12.55	--
Operating Profit Margin (PBDIT/Sales)	(%)	NA	21.55	--
Return on Total Assets (PBT/Total Assets}	(%)	17.82	9.47	--
Return on Investment (ROI) (PBT/Networth)		0.65	0.32	--
Debt Equity Ratio (Total Debt/Networth)		1.11	0.80	193.20
Current Ratio (Current Asset/Current Liability)		2.35	2.13	2.52

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	0.500	0.800	0.800
Reserves & Surplus	0.000	91.453	163.809
Net worth	0.500	92.253	164.609
Long-term borrowings	96.602	73.913	183.046
Short term borrowings	0.000	0.000	0.000
Total borrowings	96.602	73.913	183.046
Debt/Equity ratio	193.204	0.801	1.112

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)
Total Income	158.295	248.220
		56.808

NET PROFIT MARGIN

Net Profit Margin	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)
Total Income	158.295	248.220
Profit	19.753	72.356
	12.48%	29.15%

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	Yes
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	Yes
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

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10536807	15/12/2014	100,000,000.00	AU FINANCIERS (INDIA) LIMITED	19-A DHULESHWAR GARDEN, JAIPUR, RAJASTHAN - 302001, INDIA	C37057510
2	10536924	04/12/2014	38,000,000.00	AU FINANCIERS (INDIA) LIMITED	19-A DHULESHWAR GARDEN, JAIPUR, RAJASTHAN - 302001, INDIA	C37109808
3	10514219	10/06/2014	40,600,000.00	AU FINANCIERS (INDIA) LIMITED	19-A DHULESHWAR GARDEN, JAIPUR, RAJASTHAN - 302001, INDIA	C15912801
4	10465005	15/11/2013	100,000,000.00	AU FINANCIERS (INDIA) LIMITED	19-A DHULESHWAR GARDEN, JAIPUR, RAJASTHAN - 302001, INDIA	B91468389
5	10417375	15/03/2013 *	150,000,000.00	BANK OF INDIA	JAIPUR MID CORPORATE BRANCH, NEELKANTH TOWER 1, B  HAWANI SINGH ROAD, C-SCHEME, JAIPUR, RAJASTHAN - 302001, INDIA	B72604929

* Date of charge modification

UNSECURED LOANS

PARTICULAR	31.03.2014 (Rs. In Million)	31.03.2013 (Rs. In Million)
LONG TERM BORROWINGS
From Other Parties	9.495	12.837
Loans and advances from related parties	9.523	8.595
Total	19.018	21.432

FIXED ASSETS

· Computers

· Plant and Machineries

· Furniture’s and Fixtures

· Ertiga Car

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.62.33
UK Pound	1	Rs.92.53
Euro	1	Rs.67.60

INFORMATION DETAILS

Information Gathered by :	NYA
Analysis Done by :	SUC
Report Prepared by :	MRI

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	2
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILITY	1~10	3
--LIQUIDITY	1~10	4
--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		30

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.