MIRA INFORM REPORT

Report No. :	312251
Report Date :	25.04.2015

IDENTIFICATION DETAILS

Name :	KEIMED PRIVATE LIMITED (w.e.f. 10.07.2012)
Formerly Known As :	KEIMED LIMITED (w.e.f. May 2001) KEIMED.COM LIMITED
Registered Office :	10-3-316/A, Masab Tank, Hyderabad – 500028, Telangana
Tel. No.:	91-40-23253913
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	10.03.2000
Com. Reg. No.:	01-033837
Capital Investment / Paid-up Capital :	Rs.57.110 Million
CIN No.: [Company Identification No.]	U72200AP2000PTC033837
TAN No.: [Tax Deduction & Collection Account No.]	HYDK01912B
PAN No.: [Permanent Account No.]	AABCK4532F
Legal Form :	Private Limited Liability Company
Line of Business :	The company is engaged in the business of pharmaceutical procurement and supply chain management for a wide range of medical goods, consumables, drugs, surgical, health and personal care products.
No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

Ba (48)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject -is .an established company having satisfactory track record. For the financial year 2014, company has shown decent operation performance and it has nearly 14% topline growth. Further company has maintained profitability margins at 1.39% with debt to equity ratio of 1.05 times. I Rating also takes into consideration established track record of business operations and wide experience of its promoters. Trade relations are reported as fair. Payments are reported to be usually correct. In view of sound operational performance, the company can be considered for business dealings at usual trade terms and condition.

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	CARE
Rating	Long term bank facilities: BBB+
Rating Explanation	Moderate degree of safety and moderate credit risk.
Date	04.03.2015

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 DECLINED BY

Name :	Mr. Narsaian Arigela
Designation :	General Manager Finance
Contact No.:	91-20-23253913
Date :	24.04.2015

LOCATIONS

Registered Office :	10-3-316/A, Masab Tank, Hyderabad – 500028, Telangana, India
Tel. No.:	91-40-23253913
Fax No.:	91-40-23340181
E-Mail :	narsaiaharigela@yahoo.com
Warehouse:	7-2-B19 and 20, Block No 2, Ward No.7, Sanathnagar Industrial Area, Hyderabad – 500018, Telangana, India
Branch Office:	Locate at Hyderabad Chennai Delhi Ahmedabad Madurai Bangalore Kolkata Cochin

DIRECTORS

As on 30.09.2014

Name :

Shobana Kamineni

Designation :

Director

Address :

10-3-316/A, Masab Tank, Hyderabad – 500028, Telangana, India

Date of Birth/Age :

27.11.1960

Date of Appointment :

10.06.2008

DIN No.:

00003836

PAN No.:

AAIPK7589G

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	U92190TG1989PTC009617	KIDDY CONCEPTS PVT LTD.	Director	10-01-91	10-01-91	21-08-10	Active	NO
2	U92490TG1991PTC012529	PRIME TIME RECREATIONS PRIVATE LIMITED	Director	05-04-91	05-04-91	26-08-10	Active	NO
3	U45200TG1991PTC012560	KAMINENI BUILDERS PRIVATE LIMITED	Director	15-04-91	15-04-91	-	Active	NO
4	U85110TN1995PLC031121	FAMILY HEALTH PLAN (TPA) LIMITED	Whole-time director	26-04-95	26-04-95	01-06-07	Active	NO
5	U40101TG1995PTC021542	KEI ENERGY PRIVATE LIMITED	Director	28-08-95	28-08-95	09-04-14	Active	NO
6	U74899DL1996PLC077667	APOLLO ENERGY COMPANY LIMITED	Director	29-03-96	29-03-96	-	Active	NO
7	U92199TG2000PTC035641	TRAC INDIA PRIVATE LIMITED	Director	09-11-00	09-11-00	-	Active	NO
8	U24239TG2003PTC041497	KEI VITA PRIVATE LIMITED	Director	11-08-03	11-08-03	04-04-14	Active	NO
9	U85110TN1999PLC042912	LIFETIME WELLNESS RX INTERNATIONAL LIMITED	Director	30-08-03	30-08-03	-	Active	NO
10	U55101TG2003PTC042102	KEI RAJAMAHENDRI RESORTS PRIVATE LIMITED	Director	21-11-03	21-11-03	11-04-14	Active	NO
11	U85194TG2005PLC050058	APOLLO HEALTH RESOURCES LIMITED.	Director	13-01-05	13-01-05	04-04-14	Active	NO
12	U85110TN1999PTC043316	Sutherland Healthcare Solutions Private Limited	Director	19-04-05	19-04-05	08-03-13	Active	NO
13	U85110TN1997PLC037382	APOLLO MUMBAI HOSPITAL LIMITED	Director	20-09-05	20-09-05	02-04-14	Active	NO
14	L72300TN1998PLC041360	APOLLO SINDOORI HOTELS LIMITED	Director	30-12-05	30-12-05	14-03-15	Active	NO
15	U85110TN2006PLC061114	INDIAN HOSPITALS CORPORATION LIMITED	Director	20-03-10	14-09-06	28-03-14	Active	NO
16	U65993TN1996PLC036644	PCR INVESTMENTS LIMITED	Director	29-09-06	29-09-06	-	Active	NO
17	U11101TG2006PTC051695	KEI-RSOS PETROLEUM AND ENERGY PRIVATE LIMITED	Director	17-11-06	17-11-06	-	Active	NO
18	U66030AP2006PLC051760	APOLLO MUNICH HEALTH INSURANCE COMPANY LIMITED	Whole-time director	17-12-13	22-11-06	-	Active	NO
19	U61100AP1999PLC032961	KEI-RSOS MARITIME LIMITED	Director	16-06-07	16-06-07	05-11-08	Active	NO
20	U85100TG2007PTC054589	HEALTH SUPERHIWAY PRIVATE LIMITED	Director	22-06-07	22-06-07	15-07-09	Active	NO
21	U72200AP2000PTC033837	KEIMED Private Limited	Director	10-06-08	18-10-07	-	Active	NO
22	U63032TG2007PTC056204	KEI-RSOS SHIPPING PRIVATE LIMITED	Director	05-11-07	05-11-07	-	Active	NO
23	U35100MH2007PTC176717	PENINSULAR TANKERS PRIVATE LIMITED	Director	12-12-07	12-12-07	-	Active	NO
24	U74999TG2008PTC059063	TRAC ECO&SAFARI PARK PRIVATE LIMITED	Director	08-05-08	08-05-08	-	Active	NO
25	U85110MH2008PTC187084	ASHOK BIRLA APOLLO HOSPITAL PRIVATE LIMITED	Director	25-09-08	25-09-08	03-04-13	Active	NO
26	U85100MH2007PLC176736	APOLLO LAVASA HEALTH CORPORATION LIMITED	Director	03-06-09	06-11-08	-	Active	NO
27	U73100TG2009FTC064239	Quintiles Phase One Clinical Trials India Private Limited	Alternate director	17-12-09	17-12-09	24-03-11	Active	NO
28	L85110TN1979PLC008035	APOLLO HOSPITALS ENTERPRISE LIMITED	Whole-time director	01-02-15	01-02-10	-	Active	NO
29	U24239AP2003PTC041637	INDIAN HOSPITEX PRIVATE LIMITED	Director	26-08-11	22-02-11	29-03-12	Active	NO
30	U01122TG2001PTC038142	MATRIX AGRO PRIVATE LIMITED	Director	24-09-12	29-09-11	-	Active	NO
31	U80900TG2005NPL045601	CONFEDERATION OF WOMEN ENTREPRENEURS OF INDIA	Director	13-03-12	13-03-12	18-03-15	Active	NO
32	L24232DL1988PLC030958	INDRAPRASTHA MEDICAL CORPORATION LIMITED	Director	14-09-12	01-08-12	-	Active	NO
33	U40108TG2012PTC082969	LNG BHARAT PRIVATE LIMITED	Director	07-09-12	07-09-12	-	Active	NO
34	U85100TN2014PLC095340	APOLLO HOME HEALTHCARE LIMITED	Director	07-03-14	07-03-14	-	Active	NO
35	L28920MH1949PLC006870	BLUE STAR LIMITED	Director	28-07-14	30-05-14	-	Active	NO
36	U40102AP2014PTC095710	GAS TRANSMISSION INDIA PRIVATE LIMITED	Director	26-11-14	26-11-14	-	Active	NO

Name :

Mr. Taruna Chimanlal Joshi

Designation :

Whole-time director

Address :

No.7, Vidwan Sundaram Street Nungambakkam, Chennai – 600034, Tamilnadu, India

Date of Birth/Age :

25.12.1959

Date of Appointment :

01.06.2012

DIN No.:

00724889

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	U72200AP2000PTC033837	KEIMED Private Limited	Whole-time director	01-06-12	19-06-00	-	Active	NO
2	U24231TN1988PLC016493	HEALTH CARE (INDIA) LIMITED	Director	01-01-02	01-01-02	-	Active	NO
3	U18101TN2002PTC048988	PRIMELINE GARMENTS PRIVATE LIMITED	Director	24-05-02	24-05-02	-	Active	NO
4	U24239MH2001PTC130423	MEHER DISTRIBUTORS PRIVATE LIMITED	Nominee director	20-02-15	20-02-15	-	Active	NO

Name :

Pushpa Umapathy Kamineni

Designation :

Director

Address :

10-3-316/A, Masab Tank, Hyderabad – 500028, Telangana, India

Date of Birth/Age :

12.08.1936

Date of Appointment :

26.04.2005

DIN No.:

00901673

PAN No.:

ADOPK7081Q

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	U45200TG1991PTC012560	KAMINENI BUILDERS PRIVATE LIMITED	Director	15-04-91	15-04-91	-	Active	NO
2	U72200AP2000PTC033837	KEIMED Private Limited	Director	26-04-05	26-04-05	-	Active	NO
3	U24239AP2003PTC041637	INDIAN HOSPITEX PRIVATE LIMITED	Director	20-12-05	20-12-05	-	Active	NO

Name :

Jayalakshmi Veeravanallur

Designation :

Director

Address :

Old No. 121, New No. 3, 6^th Street AVM Avenue Virugambakkam,Chennai – 600078, Tamilnadu, India

Date of Birth/Age :

30.06.1933

Date of Appointment :

19.01.2001

DIN No.:

02604300

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	U72200AP2000PTC033837	KEIMED Private Limited	Director	19-01-01	19-01-01	-	Active	NO
2	U24231TN1988PLC016493	HEALTH CARE (INDIA) LIMITED	Director	01-01-02	01-01-02	-	Active	NO
3	U74900TN2013PLC090708	ARCHES CONSULTING LIMITED	Director	22-04-13	22-04-13	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Narsaian Arigela
Designation :	General Manager Finance

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2014

Names of Shareholders	No. of Shares	%age holding
Shobana Kamineni	2049690	35.89
Taruna Chimanlal Joshi	3850	0.07
Healthcare Indai Limited, India	440000	7.70
Family Health Plan Limited, India	1227710	21.50
Pushpa Umapathy Kamineni (HUF)	330550	5.79
Pushpa Umapathy Kamineni	1349550	23.63
Puansh Kamineni	309650	5.42
Total	5711000	100.00

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2014

Category	Percentage
Bodies corporate	29.00
Directors or relatives of Directors	71.00
Total	100.00

BUSINESS DETAILS

Line of Business :	The company is engaged in the business of pharmaceutical procurement and supply chain management for a wide range of medical goods, consumables, drugs, surgical, health and personal care products.
Products :	--
Brand Names :	Not Divulged
Agencies Held :	Not Divulged
Exports :	Not Divulged
Imports :	Not Divulged
Terms :	Not Divulged

PRODUCTION STATUS NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :	Not Divulged
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Maximum Limit Dealt :	Not Divulged
Experience :	Not Divulged
Remark:	Not Divulged

Customers :

Reference :	Not Divulged
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Maximum Limit Dealt :	Not Divulged
Experience :	Not Divulged
Remark:	Not Divulged

No. of Employees :

Information declined by the management

Bankers :

• HDFC Bank Limited, HDFC Bank House Senapati Bapat Marg, Lower Parel West, Mumbai - 400013, Maharashtra, India
• Canra Bank, Thousand Lights Branch, No.5, Greams Road, Tousand Lights, Chennai - 600006, Tamil Nadu, India
• Kotak Mahindra Bank Limited, 36-38a, Nariman Bhavan, 227,D, Nariman Point,, Mumbai - 400021, Maharashtra, India

Facilities :

Secured Loan	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Long-term Borrowings
Rupee term loans from banks	27.570	35.894
Rupee term loans from others	160.000	240.000
Short-term borrowings
Rupee term loans from banks	228.023	236.094
Total	415.593	511.988

Financial Institute:	Housing Development Finance Corporation Limited, Ramon House 169backbay Reclamation, H T Parekh Marg, Mumbai - 400020, Maharashtra, India
Auditors :
Name :	M. Sreenivasulu Reddy and Associates Chartered Accountants
Address :	Flat No.404, Sandhya Enclave, Saibaba Temple Lane, Dwarakapuri Colony, Panjagutta, Hyderabad-500082, Andhra Pradesh, India
PAN N Income-tax PAN of auditor or auditor's firm :	ACAPM9624J
Memberships :	--
Collaborators :	--
Associates	Vardhman Pharma Distributors Private Limited, India [U85110KA1992PTC013757] Trac India Private Limited, India [U92199TG2000PTC035641] Srinivasa Medisales Private Limited, India [U33111KA2008PTC045022] Prime Time Recreations Private Limited, India [U92490TG1991PTC012529] Palepu Pharma Private Limited, India [U24230TN2007PTC064220] Neelkanth Drugs Private Limited, India [U24233DL1999PTC099355] Meher Distributors Private Limited, India [U24239MH2001PTC130423] Medihauxe International Private Limited, India [U24233TN2009PTC073062] Lucky Pharmaceuticals Private Limited, India [U24232DL2008PTC181486]
Other Related Party:	Matrix Agro Private Limited, India [U01122TG2001PTC038142] Lifetime Wellness Rx International Limited, India [U85110TN1999PLC042912] Kei-Rsos Maritime Limited, India [U61100AP1999PLC032961] Kei Vita Private Limited, India [U24239TG2003PTC041497] Focus Medisales Private Limited, India [U04231KA1999PTC025000] D O T Publishers Apollo Hospitals Enterprise Limited, India [L85110TN1979PLC008035] Apollo Energy Company Limited, India [U74899DL1996PLC077667] Apollo Hospitals Enterprise Limited, India [L85110TN1979PLC008035]
Subsidiary company:	Indian Hospitex Private Limited, India [U24239AP2003PTC041637]

CAPITAL STRUCTURE

As on 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
6000000	Equity Shares	Rs.10/- each	Rs. 60.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
5711000	Equity Shares	Rs.10/- each	Rs. 57.110 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	57.110	57.110	57.110
(b) Reserves & Surplus	375.773	342.337	321.090
(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)	432.883	399.447	378.200
(3) Non-Current Liabilities
(a) long-term borrowings	230.380	314.045	473.108
(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)	230.380	314.045	473.108
(4) Current Liabilities
(a) Short term borrowings	228.023	236.093	235.282
(b) Trade payables	168.649	147.016	174.827
(c) Other current liabilities	91.149	90.548	0.787
(d) Short-term provisions	17.197	19.615	35.747
Total Current Liabilities (4)	505.018	493.272	446.643
TOTAL	1168.281	1206.764	1297.951
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	55.677	64.594	36.059
(ii) Intangible Assets	4.925	7.352	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	725.531	725.531	725.531
(c) Deferred tax assets (net)	2.614	0.773	1.153
(d) Long-term Loan and Advances	87.643	115.486	167.190
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	876.390	913.736	929.933
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	173.587	165.334	179.491
(c) Trade receivables	87.723	97.880	124.241
(d) Cash and cash equivalents	6.396	7.618	16.443
(e) Short-term loans and advances	24.171	22.167	47.800
(f) Other current assets	0.014	0.029	0.043
Total Current Assets	291.891	293.028	368.018
TOTAL	1168.281	1206.764	1297.951

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Turnover	3576.300	3140.300	3249.300
	Other Income	NA	NA	NA
	TOTAL	NA	NA	NA
Less	EXPENSES	NA	NA	NA
	PROFIT/ (LOSS) BEFORE TAX	NA	NA	NA
Less	TAX	NA	NA	NA
	PROFIT/ (LOSS) AFTER TAX	49.900	37.900	32.000
	Earnings / (Loss) Per Share (Rs.)	8.74	NA	NA

KEY RATIOS

PARTICULARS	31.03.2014	31.03.2013	31.03.2012
Debt Equity Ratio (Total Debt /Networth)	1.06	1.38	1.87
Current Ratio (Current Asset/Current Liability)	0.58	0.59	0.82

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	57.110	57.110	57.110
Reserves & Surplus	321.090	342.337	375.773
Net worth	378.200	399.447	432.883
long-term borrowings	473.108	314.045	230.380
Short term borrowings	235.282	236.093	228.023
Total borrowings	708.390	550.138	458.403
Debt/Equity ratio	1.873	1.377	1.059

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Turnover	3249.300	3140.300	3576.300
		(3.355)	13.884

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Turnover	3249.300	3140.300	3576.300
Profit	32.000	37.900	49.900
	0.98%	1.21%	1.40%

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	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	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

NOTE: Registered office of the company has been shifted from OB Lacasa K Apartments, Road No.11, Banjara Hills, Hyderabad – 50034, Telangana, India to the present address w.e.f. 12.12.2008

OPERATIONS

During the year, the Company had achieved a Turnover of Rs. 3576.300 Million compared to Rs. 3140.300 Million in the previous year, registering an increase of about 14%, over the previous year. The Profit after Tax for the year has increased to Rs. 49.900 Million compared to Rs. 37.900 Million in the previous year, an increase of 31.66%.

UNSECURED LOAN

PARTICULARS	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Long-term Borrowings
Intercorporate borrowings	1.874	2.214
Loans and advances from directors	19.512	14.512
Other loans and advances, others	21.424	21.424
Total	42.810	38.150

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10233583	24/03/2012 *	200,000,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA	B39649363
2	10219352	28/03/2010	400,000,000.00	HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED	RAMON HOUSE 169BACKBAY RECLAMATION, H T PAREKH MARG, MUMBAI, MAHARASHTRA - 400020, INDIA	A85976645
3	90128528	04/03/2004	100,000,000.00	HOUSING DEVELOPMENT FINANCE CORPORATION LTD	BASHEERBAG, HYDERABAD, ANDHRA PRADESH - 500029, INDIA	-

* Date of charge modification

FIXED ASSETS

Tangible assets

• Plant and equipment
• Furniture and fixtures
• Vehicles
• Office equipment
• Computer equipments
• Other equipments

Intangible assets

• Computer software

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.63.40
UK Pound	1	Rs.95.42
Euro	1	Rs.68.49

INFORMATION DETAILS

Information Gathered by :	NYA
Analysis Done by :	KAR
Report Prepared by :	KVT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILITY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	5
--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		48

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.