MIRA INFORM REPORT

Report No. :	318944
Report Date :	27.04.2015

IDENTIFICATION DETAILS

Name :	M. V. OMNI PROJECTS ( INDIA) LIMITED

Registered Office :	201-202-A, Shivalik Yash, 132 Ft. Ring Road, Opposite Shastrinagar BRTS Bus Stand, Naranpura, Ahmedabad – 380013, Gujarat

Tel. No.:	91-79-27470098

Country :	India

Financials (as on) :	31.03.2014

Date of Incorporation :	20.06.2002

Com. Reg. No.:	04-040887

Capital Investment / Paid-up Capital :	Rs. 143.170 Million

CIN No.: [Company Identification No.]	U45209GJ2002PLC040887

IEC No.:	0805014624

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

PAN No.: [Permanent Account No.]	AADCM1155A

Legal Form :	A Closely Held Public Limited Liability Company

Line of Business :	Construction Activities.

No. of Employees :	180 (Approximately) [In Office: 45 + In Branch: 135]

RATING & COMMENTS

MIRA’s Rating :

Ba (54)

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

Status :	Good

Payment Behaviour :	Regular

Litigation :	Clear

Comments :	Subject is an ISO 9001:2008 certified company engaged into civil construction business for government and public sector entities. It is a well-established company having fine track record. For the financial year 2014 company reported as operating income of Rs. 3267.600 Million with decent topline growth of 32.92% (approx.). Further company has maintained profitability margin at 5% with debt to equity ratio of 0.96 times. Rating also takes into consideration promoters long track record of around two decades in the civil construction business supported by diversified sectorial and geographical presence across segments and decent business profile of the company. Trade relations are reported as fair. Business is active. Payments are reported to be regular and as per commitment.

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

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	Term Loan: “BBB+”
Rating Explanation	Moderate degree of safe and moderate credit risk.
Date	September, 2014

Rating Agency Name	ICRA
Rating	Bank Guarantee: “A2”
Rating Explanation	Strong degree of safety and low credit risk.
Date	September, 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. Pinkesh Bhagwanswaroop Sharma
Designation :	Chief Finance Officer
Contact No.:	91-9601275814
Date :	23.04.2015

LOCATIONS

Registered Office :	201-202-A, Shivalik Yash, 132 Ft. Ring Road, Opposite Shastrinagar BRTS Bus Stand, Naranpura, Ahmedabad – 380013, Gujarat, India
Tel. No. :	91-79-27470098
Mobile No. :	91-9601275814 (Mr. Pinkesh Sharma)
Fax No. :	91-79-27470199
E-Mail :	mvopil@yahoo.co.in info@mvomni.com
Website :	www.mvopil@yahoo.co.in
Area :	16000 Sq. Ft.
Location :	Rented

Regional Office 1:	Plot No. 2, NBCC Centre, Nr. Crown Plaza Hotel, Okhla, Phase-1, New Delhi – 110020, India

Regional Office 2:	Master Mind-IV, Unit No. 401-402, Royal Plam Estate, Aarey Milk Colony, Goregaon (East), Mumbai – 400065, Maharashtra, India

Regional Office 3:	807, Dwarkesh Complex, R.C. Dutt Road, Alkapuri, Vadodara – 390007, Gujarat, India
Tel. No.:	91-265-2325268

Regional Office 4:	A-499, Indira Nagar, Lucknow – 226016, Uttar Pradesh, India
Tel. No.:	91-522-4107484

DIRECTORS

As on 30.09.2014

Name :

Mr. Mathuraprasad Chandrabhan Pandey

Designation :

Managing Director

Address :

D-1001, Sarthak Tower, Ramdevnagar Road, Jodhpur Char Rasta, Satellite, Ahmedabad - 380015, Gujarat, India

Date of Birth/Age :

05.02.1967

Qualification :

Commerce Graduate

Date of Appointment :

01.04.2013

PAN No.:

ABCPP1743J

DIN No. :

01378643

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	U74140GJ2002PTC040480	LANDMARK SECURITY SERVICE PRIVATE LIMITED	Director	18-02-2002	18-02-2002	Active	NO
2	U45209GJ2002PLC040887	M. V. OMNI PROJECTS (INDIA) LIMITED	Managing director	01-04-2013	20-06-2002	Active	NO
3	U01111UP2006PTC031717	I.C. PANDEY AGRO PRIVATE LIMITED	Director	27-04-2006	27-04-2006	Active	NO
4	U72200GJ2009PTC057544	COMITAS e-BUSINESS SOLUTIONS PRIVATE LIMITED	Director	16-07-2009	16-07-2009	Active	NO
5	U45200GJ2011PTC063772	M. V. OMNI INFRACON PRIVATE LIMITED	Director	24-01-2011	24-01-2011	Active	NO
6	U25202GJ2011PTC063881	M. V. OMNI POLYMERS PRIVATE LIMITED	Director	31-01-2011	31-01-2011	Active	NO
7	U40106GJ2011PLC064091	M. V. OMNI ENERGY LIMITED	Director	19-02-2011	19-02-2011	Active	NO

Name :

Mr. Vrindavan Chandrabhan Pandey

Designation :

Whole-time Director

Address :

702, Palmview, Opposite Shobhananager, Vasana Road,, Vadodara - 390015, Gujarat, India

Date of Birth/Age :

15.04.1970

Qualification :

Science Graduate

Date of Appointment :

01.04.2013

PAN No. :

AFXPP3198J

DIN No. :

01376341

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	U74140GJ2002PTC040480	LANDMARK SECURITY SERVICE PRIVATE LIMITED	Director	18-02-2002	18-02-2002	Active	NO
2	U45209GJ2002PLC040887	M. V. OMNI PROJECTS (INDIA) LIMITED	Whole-time director	01-04-2013	20-06-2002	Active	NO
3	U01111UP2006PTC031717	I.C. PANDEY AGRO PRIVATE LIMITED	Director	27-04-2006	27-04-2006	Active	NO
4	U72200GJ2009PTC057544	COMITAS e-BUSINESS SOLUTIONS PRIVATE LIMITED	Director	16-07-2009	16-07-2009	Active	NO
5	U45200GJ2011PTC063772	M. V. OMNI INFRACON PRIVATE LIMITED	Director	24-01-2011	24-01-2011	Active	NO
6	U25202GJ2011PTC063881	M. V. OMNI POLYMERS PRIVATE LIMITED	Director	31-01-2011	31-01-2011	Active	NO
7	U40106GJ2011PLC064091	M. V. OMNI ENERGY LIMITED	Director	19-02-2011	19-02-2011	Active	NO

Name :

Mr. Nishant Mathuradrasad Pandey

Designation :

Whole-time Director

Address :

D-1001,Sarthak Tower, Ramdevngr, Satellite, Ahmedabad - 380001, Gujarat, India

Date of Birth/Age :

04.03.1989

Date of Appointment :

01.02.2013

PAN No. :

AUBPP2657B

DIN No. :

01915127

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	U45209GJ2002PLC040887	M. V. OMNI PROJECTS (INDIA) LIMITED	Whole-time director	01-02-2013	18-12-2007	Active	NO
2	U40106GJ2011PLC064091	M. V. OMNI ENERGY LIMITED	Director	19-02-2011	19-02-2011	Active	NO

Name :

Satyabhama Mathuraprasad Pandey

Designation :

Additional director

Address :

D-1001, Sarthak Tower, Ramdevnagar Road, Satellite Road, Ahmedabad, 380015, Gujarat, India

Date of Birth/Age :

06.04.1969

Date of Appointment :

19.03.2015

PAN No. :

ACRPP8373N

DIN No. :

01683407

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	U45203GJ1997PLC032347	TRANSWIND INFRASTRUCTURES LIMITED	Director	27-09-2008	01-12-2007	02-03-2009	Active	NO
2	U45209GJ2002PLC040887	M. V. OMNI PROJECTS (INDIA) LIMITED	Additional director	19-03-2015	19-03-2015	-	Active	NO

Name :

Mr. Kirtikumar Navnitlal Sheth

Designation :

Additional Director

Address :

16, Tanishq - 2, Nr. Water Tank, Opposite Avadh Bunglow, Science City Road, Sola, Ahmedabad - 380015, Gujarat, India

Date of Birth/Age :

21.12.1953

Date of Appointment :

12.12.2014

DIN No. :

06638276

Name :

Mr. Shailendra Singh

Designation :

Additional Director

Address :

H. No. 9 Block C, Irwo Mansarovar Enclavesec P,, Kanpur Road, Transport Nagar Railway Station, Lucknow - 226012, Uttar Pradesh, India

Date of Birth/Age :

13.03.1954

Date of Appointment :

12.12.2014

DIN No. :

07023449

Name :

Mr. Dipak Siddheswar Santra

Designation :

Whole-time director

Address :

202, Miraj Tower, Akota Main Road, Vadodara - 390020, Gujarat, India

Date of Birth/Age :

04.01.1949

Qualification :

BE. Civil

Date of Appointment :

01.08.2011

PAN No. :

ATHPS7796P

DIN No. :

02668187

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	U45209GJ2002PLC040887	M. V. OMNI PROJECTS (INDIA) LIMITED	Whole-time director	01-08-2011	29-06-2009	Active	NO

Name :

Parth Mukherjee

Designation :

Whole-time Director

Address :

Flat No 601 Block-C, Kasturi Tower, Judges Bunglow Road, Ahmedabad - 380054, Gujarat, India

Date of Birth/Age :

18.03.1950

Qualification :

BE. Civil

Date of Appointment :

01.02.2013

PAN No. :

ABJPM4986F

DIN No. :

06491094

KEY EXECUTIVES

Name :	Shailika Vikas Soni
Designation :	Secretary
Address :	238/B, Jantanagar, Chandkheda, Ahmedabad - 382424, Gujarat, India
Date of Birth/Age :	22.02.1993
Date of Appointment :	19.07.2014
PAN No.:	EFOPS5149D

Name :	Mr. Pinkesh Bhagwanswaroop Sharma
Designation :	Chief Finance Officer
Address :	B-404, Paradise Plaza, Gala Zymkhana Road, Bopal, Ahmedabad – 380058, Gujarat, India
Date of Appointment :	19.03.2015
PAN No.:	AOPPS3125K

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2014

NOTE: SHAREHOLDING DETAILS FILE ATTACHED.

As on 30.09.2014

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Bodies corporate	10.26
Directors or relatives of Directors	86.65
Other top fifty shareholders	3.09
Total	100.00

BUSINESS DETAILS

Line of Business :

Construction Activities.

Products :

Item Code No. (ITC Code)	Product Description
86080010	Civil Construction

Brand Names :

Agencies Held :

Exports :

Imports :

Terms :

Selling :

Purchasing :

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference:	--
Name of the Person (with Designation):	--
Contact Number:	--
Since How Long Known:	--
Maximum Limit Dealt:	--
Experience :	--
Remarks :	--

Customers :

Others (Government)

Reference:	--
Name of the Person (with Designation):	--
Contact Number:	--
Since How Long Known:	--
Maximum Limit Dealt:	--
Experience :	--
Remarks :	--

No. of Employees :

180 (Approximately) [In Office: 45 + In Branch: 135]

Bankers :

Bank Name:	State Bank of India
Branch:	1, Zodian Square, S.G. Highway Branch, Ahmedabad, Gujarat, India
Name of the Person (with Designation):	Mr. Bimal Raj Singh, RMME
Contact Number:	91-7600038818
Name of Account Holder:	M V OMNI PROJECTS ( INDIA) LIMITED
Account Number:	30101212522
Account Since (Date/ Year of A/c Opening):	12.12.2006
Average Balance Maintained (Optional):	--
Credit Facilities Enjoyed (CC/OD/Term Loan):	Rs. 1762.800 Million
Account Operation:	Satisfactory
Remarks: All the account are regular with regular payment of interest and installment. The accounts are being conducted satisfactorily with no instances of LC/ BG Development/ Invocation.

· Bank of Baroda, 1, Ground Floor, Jyoti Complex, Shyamal Cross Road, Satellite, Ahmedabad, Gujarat, India

· Axis Bank Limited, RAC Ahmedabad, CV/ CE Department, 4^th Floor, Shivalik Ishan, Near C. N. Vidhyalaya, Ambawadi, Ahmedabad - 380006, Gujarat, India

Facilities :

Rs. 420.000 Million (From Bank of Baroda)

SECURED LOANS	31.03.2014 (Rs. In Million)	31.03.2013 (Rs. In Million)
LONG TERM BORROWINGS
Rupee term loans from banks (Hypothecation against specific Asset/ Machinery)	30.038	18.406
Rupee term loans from others	0.000	3.623

SHORT TERM BORROWINGS
Rupee term loans from banks (Hypothecation charge on all the current assets of the Company and personal guarantee of all the directors.)	715.913	607.570
Total	745.951	629.599

Banking Relations :	--

Financial Institution :	Bajaj Finance Limited, Akurdi, Pune - 411035, Maharashtra, India

Auditors :
Name :	J T Shah and Company Chartered Accountants
Address :	201/202, Lalita Complex, 352/3, Rasala Marg, Navrangpur, Ahmedabad – 380009, Gujarat, India
Tel. No. :	91-79-26444420/ 26444430/ 26444440
Fax No. :	91-26560440
E-Mail :	info@jtshahco.com
Income-tax PAN of auditor or auditor's firm :	AABFJ6616J

Memberships :	--

Collaborators :	--

Subsidiary Company :	M. V. Omni Energy Limited CIN No.: U40106GJ2011PLC064091 Address: 74-A, Newyork Towers, Opposite Muktidham Jain Derasar, Sarkhej, Gandhinagar Highway, Thaltej, Ahmedabad – 380054, Gujarat, India

Related Parties :	Transwind Infrastructures Limited Address: 204, Ashram Avenue, Near Kochrab Ashram, Paldi, Ahmedabad – 380007, Gujarat, India Comitas E-Business Solutions Private Limited Address: 204, Ashram Avenue, Near Kochrab Ashram, Ashram Road, Paldi, Ahmedabad – 380007, Gujarat, India Landmark Security Service Private Limited Address: 24, Ambarish Society, Ranip, Ahmedabad – 380005, Gujarat, India M. V. Omni Polymers Private Limited Address: 204, Ashram Avenue, Near Kochrab Ashram, Ashram Road, Paldi, Ahmedabad – 380007, Gujarat, India M.V. Omni Infracon Private Limited Address: 807, Dwarkesh Complex, Opposite Kalaniketan, RC Dutt Road, Alkapuri, Baroda – 390007, Gujarat, India

CAPITAL STRUCTURE

As on 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount

25,000,000	Equity Shares	Rs.10/- each	Rs. 250.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

14,316,972	Equity Shares	Rs.10/- each	Rs. 143.170 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	143.170	131.900	120.222
(b) Reserves & Surplus	628.417	430.366	297.170
(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)	771.587	562.266	417.392

(3) Non-Current Liabilities
(a) Long-term Borrowings	32.373	32.662	23.396
(b) Deferred Tax Liabilities (Net)	16.206	12.515	8.680
(c) Other Long Term Liabilities	79.011	18.277	0.000
(d) Long-Term Provisions	0.000	0.026	0.075
Total Non-Current Liabilities (3)	127.590	63.480	32.151

(4) Current Liabilities
(a) Short term Borrowings	715.913	607.570	483.173
(b) Trade Payables	494.575	242.023	189.803
(c) Other Current Liabilities	131.869	112.324	85.410
(d) Short-Term Provisions	0.874	16.123	14.280
Total Current Liabilities (4)	1343.231	978.040	772.666

TOTAL	2242.408	1603.786	1222.209

II. ASSETS
(1) Non-Current Assets
(a) Fixed Assets
(i) Tangible Assets	213.263	185.340	117.369
(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	0.610	0.610	0.610
(c) Deferred Tax Assets (net)	0.000	0.000	0.000
(d) Long-Term Loan and Advances	170.251	95.598	57.838
(e) Other Non-Current Assets	50.303	33.105	24.624
Total Non-Current Assets	434.427	314.653	200.441

(2) Current Assets
(a) Current Investments	0.000	0.000	0.000
(b) Inventories	751.230	555.233	338.804
(c) Trade Receivables	474.166	294.698	274.905
(d) Cash and Cash Equivalents	115.075	122.610	110.719
(e) Short-Term Loans and Advances	448.574	295.915	292.226
(f) Other Current Assets	18.936	20.677	5.114
Total Current Assets	1807.981	1289.133	1021.768

TOTAL	2242.408	1603.786	1222.209

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	3267.628	2458.235	1705.977
		Other Income	16.040	12.290	8.278
		TOTAL (A)	3283.668	2470.525	1714.255

Less	EXPENSES
		Cost of Materials Consumed	2862.784	2317.501	414.229
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(88.600)	(214.749)	(24.495)
		Employees benefits expense	48.399	39.095	24.711
		Other expenses	110.827	73.658	1115.526
		TOTAL (B)	2933.410	2215.505	1529.971

	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		350.258	255.020	184.284

Less	FINANCIAL EXPENSES (D)		123.251	81.751	64.205

	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		227.007	173.269	120.079

Less/ Add	DEPRECIATION/ AMORTISATION (F)		15.175	11.662	7.802

	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)		211.832	161.607	112.277

Less	TAX (H)		47.590	36.337	25.103

	PROFIT/ (LOSS) AFTER TAX (G-H) (I)		164.242	125.270	87.174

Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		325.927	219.288	148.816

Less	APPROPRIATIONS
		Transfer to General Reserve	0.000	3.200	2.730
		Proposed Dividend	0.000	13.189	12.022
		Tax on Dividend	0.000	2.242	1.950
	BALANCE CARRIED TO THE B/S		490.169	325.927	219.288

	IMPORTS
		Project Materials	0.000	9.716	NA
	TOTAL IMPORTS		0.000	9.716	NA

	Earnings / (Loss) Per Share (Rs.)		12.17	10.25	13.61

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT/Sales)	(%)	5.03	5.10	5.11

Operating Profit Margin (PBDIT/Sales)	(%)	10.72	10.37	10.80

Return on Total Assets (PBT/Total Assets}	(%)	9.45	10.08	9.19

Return on Investment (ROI) (PBT/Networth)		0.27	0.29	0.27

Debt Equity Ratio (Total Debt/Networth)		0.97	1.14	1.21

Current Ratio (Current Asset/Current Liability)		1.35	1.32	1.32

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	120.222	131.900	143.170
Reserves & Surplus	297.170	430.366	628.417
Net worth	417.392	562.266	771.587

long-term Borrowings	23.396	32.662	32.373
Short-term Borrowings	483.173	607.570	715.913
Total borrowings	506.569	640.232	748.286
Debt/Equity ratio	1.214	1.139	0.970

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)
Sales	1705.977	2458.235	3267.628
		44.095	32.926

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	1705.977	2458.235	3267.628
Profit	87.174	125.270	164.242
	5.11%	5.10%	5.03%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	Yes
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	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	Yes
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

------------------------------------------------------------------------------------------------------------------------------

UNSECURED LOANS

(RS. IN MILLION)

PARTICULAR	31.03.2014 (Rs. In Million)	31.03.2013 (Rs. In Million)
LONG TERM BORROWINGS
Rupee term loans from others	2.335	10.633
Total	2.335	10.633

------------------------------------------------------------------------------------------------------------------------------

M. V. OMNI PROJECTS (INDIA) LIMITED

PROJECTED BALANCE SHEET

(RS. IN MILLION)

SOURCES OF FUNDS	31.03.2017	31.03.2016
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	161.100	161.100
(b) Reserves & Surplus	1575.000	1216.500
(c) Money received against Share Warrants	0.000	0.000

(2) Share Application Money Pending Allotment	0.000	0.000
Total Shareholders’ Funds (1) + (2)	1736.100	1377.600

(3) Non-Current Liabilities
(a) Long-term Borrowings	0.000	13.400
(b) Deferred Tax Liabilities (Net)	16.200	16.200
(c) Other Long Term Liabilities	95.000	95.000
(d) Long-Term Provisions	0.000	0.000
Total Non-Current Liabilities (3)	111.200	124.600

(4) Current Liabilities
(a) Short term Borrowings	1200.000	1200.000
(b) Trade Payables	693.000	651.000
(c) Other Current Liabilities	222.300	231.900
(d) Short-Term Provisions	0.900	0.900
Total Current Liabilities (4)	2116.200	2083.800

TOTAL	3963.500	3586.000

II. ASSETS
(1) Non-Current Assets
(a) Fixed Assets
(i) Tangible Assets	152.100	178.400
(ii) Intangible Assets	0.000	0.000
(iii) Capital Work-in-progress	0.000	0.000
(iv) Intangible Assets under Development	0.000	0.000
(b) Non-Current Investments	0.600	0.600
(c) Deferred Tax Assets (net)	0.000	0.000
(d) Long-Term Loan and Advances	240.000	180.000
(e) Other Non-Current Assets	70.000	60.000
Total Non-Current Assets	462.700	419.000

(2) Current Assets
(a) Current Investments	0.000	0.000
(b) Inventories	1523.000	1391.000
(c) Trade Receivables	986.300	887.700
(d) Cash and Cash Equivalents	11.500	13.400
(e) Short-Term Loans and Advances	945.000	844.900
(f) Other Current Assets	35.000	30.000
Total Current Assets	3500.800	3167.000

TOTAL	3963.500	3586.000

------------------------------------------------------------------------------------------------------------------------------

M. V. OMNI PROJECTS (INDIA) LIMITED

PROJECTED PROFIT AND LOSS ACCOUNT

(RS. IN MILLION)

	PARTICULARS		31.03.2017	31.03.2016
	SALES
		Income	6000.000	5400.000
		Other Income	25.500	25.500
		TOTAL (A)	6025.500	5425.500

Less	EXPENSES
		Construction and Project Expenses	5198.000	4730.900
		Changes in Inventories of Work-in-Progress	(100.000)	(140.000)
		Employees Benefit Expenses	99.000	89.100
		Other Cost	204.000	183.600
		TOTAL (B)	5401.000	4863.600

	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		624.500	561.900

Less	FINANCIAL EXPENSES (D)		144.400	149.800

	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		480.100	412.100

Less/ Add	DEPRECIATION/ AMORTISATION (F)		26.300	31.000

	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)		453.800	381.100

Less	TAX (H)		95.300	80.000

	PROFIT/ (LOSS) AFTER TAX (G-H) (I)		358.500	301.100

------------------------------------------------------------------------------------------------------------------------------

NETWORTH STATEMENT

MR. MATHURAPRASAD CHANDRABHAN PANDEY

(RS. IN MILLIONS)

(AS ON 31.03.2014)

DETAILS OF IMMOVABLE PROPERTY (IED)

PLACE(S) WHERE LAND(S) OR BUILDING(S) IS/ARE SITUATED	ANCESTRAL OR SELF ACQUIRED/ BELONGING IN INDIVIDUAL NAME/ IN JOINT NAMES (IF ANCESTRAL/ IN JOINT NAMES, SPECIFY SHARE THEREOF)	IF ENCUMBERED TO WHAT EXTENT	EXTENT OF LAND IN ACRES	MARKET VALUE IN RUPEES	WHETHER ANY CASE/ SUIT BEFORE ANY COMPETENT COURT AUTHORITY IN RESPECT OF THE IMMOVABLE PROPERTY S PENDING	WHETHER AGRICULTURAL OR NON-AGRICULTURAL AND WHETHER COMES IN CEILING AREA

Survey No. 557, Plot No. 806, Dwarkesh Complex, Kasba, Vadodara, Gujarat, India Bounded by: North: Revenue Survey No. 215 South: Revenue Survey No. 211 West: Revenue Survey No. 213 East: 18mtr Road	Mathuraprasad C. Pandey	NA	850 Sq. Ft.	4.600 (Market Value as on 20.10.2012)	NA	Non-Agriculture

Survey No. 214, Gotri, Vadodara, Gujarat, India Bounded by: North: Revenue Survey No. 215 South: Revenue Survey No. 211 West: Revenue Survey No. 213 East: 18mtr Road	1. Mathuraprasad C. Pandey 2. Sudha V. Pandey 3. Vrindavan C. Pandey 4. Satyabhama M. Pandey 5. Shatrujeet C. Pandey 6. Babita S. Pandey 16.67%	NA	4047 Sq. Mtr.	Rs. 18.333 (Market Value as on 20.10.2012)	NA	Non-Agriculture

Door No. G-13, Gokulesh, Plot No. 96, R.C. Dutt Road, 503/2, City S. No. 1935, Kasba, Vadodara, Gujarat, India Bounded by: North: Main Road South:Sanitary Block West: Unit No. 14 East: Unit No. 12	1. Mathuraprasad C. Pandey (50%) 2. Satyabhama M. Pandey (50%)	NA	630 Sq. Ft.	6.300 (Market Value as on 20.10.2012)	NA	Non-Agriculture

Door No. 204, Ashram Avenue, Plot No. F.T. No. 845, Ellisbridge, Paldi, Kochrab, Ahmedabad, Gujarat, India Bounded by: North: Unit No. 203 South: Unit No. 205 East: Lobby West: Kochrab Ashram	Mathuraprasad C. Pandey (100%)	NA	325 Sq. Ft.	1.140 (Market Value as on 10.10.2012)	NA	Non-Agriculture

Plot No. A-7 & A-8, Survey No. 49 & 50, Vraj Vaikumdham, Bholav, Bharuch, Gujarat, India Bounded by: North: Plot No. A/06 South: Plot No. A/09 East: Lagu Survey No. 49 West: Internal Road	Mathuraprasad C. Pandey (100%)	NA	2588.70 Sq. Ft.	10.500	NA	Non-Agriculture

Plot No. F.T. No. A-2, Survey No. 138/139/140, Ashray Tenament, Makarpura, Vadodara, Gujarat, India Bounded by: North: Block No. A/3 South: Block No. A/1 East: R.S. No. 133 West: Society Road	Mathuraprasad C. Pandey (100%)	NA	116.50 Ch. Mtr	4.220 (Market Value as on 22.01.2014)	NA	Non-Agriculture

Plot No. H-504, Satyam Status, Jodhpur, Ahmedabad, Gujarat, India Bounded by: North: Marji South: Flat No. H-501 East: Marjin West: Flat No. H-503	Mathuraprasad C. Pandey (100%)	NA	125.000 Ch. Mtr.	7.000	NA	Non-Agriculture

Survey No. 347/A/1/K(Paiki), Door No. 24, Ambarish Society, Radhaswami Road, Ranip, Ahmedabad, Gujarat, India Bounded by: North: Society Road South: Margin Land, Bung.-24 West: Bunglow No. 23 East: Bunglow No. 25	Mathuraprasad C. Pandey (100%)	NA	394 Sq. Yard Constrution 143 Sq. Yard	8.590 Million (Market Value as on 10.10.2012)	NA	Non Agriculture

Door No. 201, Plot No. 87/1, Shivalik Yash, Naranpura, Ahmedabad, Gujarat, India Bounded by: North: Common Wall with Office 202 South: Margin & 24 Mtr Road West: Margin & 132 ft Ring Road East: Margin and then Adj. Property	Mathuraprasad C. Pandey 25% Mrs. Satyabham M. Pandey Mr. Nishant M. Pandey Mrs. Indramati C. Pandey	NA	775.09 Sw. Mtr.	14.158 (Market value Total Rs. 56.630 Million as on 07.08.2014)	NA	Non Agriculture

TOTAL				74.841

B. LIQUID ASSETS

PARTICULARS	DESCRIPTION	AMOUNT

Cash	--	0.050

Bank Balance	State Bank of India	0.371

C. SHARES: Rs. 96.576 Million

SR. NO.	COMPANY NAME	AMOUNT

1	M.V. Omni Project (India) Limited	95.994

2.	Transwind Infrastructure Private Limited	0.251

3.	Landmark Sec. Limited	0.051

4.	Mutual Fund	0.180

5.	M.V. Omni Infracon (Private) Limited	0.050

6.	M.V. Omni Poymers (Private) Limited	0.050

	Total	96.576

D. LIFE INSURANCE POLICIES: Rs. 0.675 Million

E. JEWELLERY: Rs. 1.671 Million

F. LIABILITIES:

G. BORROWINGS FROM BANKS: Kotak Mahindra Bank Rs. 2.180 Million.

------------------------------------------------------------------------------------------------------------------------------

NETWORTH STATEMENT

MR. SATYABHAMA MATHURA PRASAD PANDEY

(RS. IN MILLIONS)

(AS ON 31.03.2014)

DETAILS OF IMMOVABLE PROPERTY (IED)

PLACE(S) WHERE LAND(S) OR BUILDING(S) IS/ARE SITUATED	ANCESTRAL OR SELF ACQUIRED/ BELONGING IN INDIVIDUAL NAME/ IN JOINT NAMES (IF ANCESTRAL/ IN JOINT NAMES, SPECIFY SHARE THEREOF)	IF ENCUMBERED TO WHAT EXTENT	EXTENT OF LAND IN ACRES	MARKET VALUE IN RUPEES	WHETHER ANY CASE/ SUIT BEFORE ANY COMPETENT COURT AUTHORITY IN RESPECT OF THE IMMOVABLE PROPERTY S PENDING	WHETHER AGRICULTURAL OR NON-AGRICULTURAL AND WHETHER COMES IN CEILING AREA

Survey No. 214, Gotri, Vadodara, Gujarat, India Bounded by: North: Revenue Survey No. 215 South: Revenue Survey No. 211 West: Revenue Survey No. 213 East: 18mtr Road	1. Mathuraprasad C. Pandey 2. Sudha V. Pandey 3. Vrindavan C. Pandey 4. Satyabhama M. Pandey 5. Shatrujeet C. Pandey 6. Babita S. Pandey 16.67%	NA	4047 Sq. Mtr.	Rs. 18.333 (Market Value as on 20.10.2012)	NA	Non-Agriculture

Door No. G-13, Gokulesh, Plot No. 96, R.C. Dutt Road, 503/2, City S. No. 1935, Kasba, Vadodara, Gujarat, India Bounded by: North: Main Road South:Sanitary Block West: Unit No. 14 East: Unit No. 12	1. Mathuraprasad C. Pandey (50%) 2. Satyabhama M. Pandey (50%)	NA	630 Sq. Ft.	6.300 (Market Value as on 20.10.2012)	NA	Non-Agriculture

Door No. 201, Plot No. 87/1, Shivalik Yash, Naranpura, Ahmedabad, Gujarat, India Bounded by: North: Common Wall with Office 202 South: Margin & 24 Mtr Road West: Margin & 132 ft Ring Road East: Margin and then Adj. Property	Mrs. Satyabham M. Pandey 25% Mathuraprasad C. Pandey Mr. Nishant M. Pandey Mrs. Indramati C. Pandey	NA	775.09 Sw. Mtr.	14.158 (Market value Total Rs. 56.630 Million as on 07.08.2014)	NA	Non Agriculture

Total				38.791

B. LIQUID ASSETS

PARTICULARS	DESCRIPTION	AMOUNT

Cash	--	0.029

Bank Balance	State Bank of India	0.405

C. SHARES: Rs. 57.168 Million

SR. NO.	COMPANY NAME	AMOUNT

1	M.V. Omni Project (India) Limited	57.168

	Total	57.168

D. LIFE INSURANCE POLICIES: Rs. 0.300 Million

E. JEWELLERY: Rs. 2.344 Million

F. LIABILITIES:

Borrowings from Banks: Kotak Mahindra Bank Rs. 2.180 Million

------------------------------------------------------------------------------------------------------------------------------

NETWORTH STATEMENT

MRS. BABITA SHATRUJEE PANDEY (GUARANTOR)

(RS. IN MILLIONS)

(AS ON 31.03.2014)

DETAILS OF IMMOVABLE PROPERTY (IED)

PLACE(S) WHERE LAND(S) OR BUILDING(S) IS/ARE SITUATED	ANCESTRAL OR SELF ACQUIRED/ BELONGING IN INDIVIDUAL NAME/ IN JOINT NAMES (IF ANCESTRAL/ IN JOINT NAMES, SPECIFY SHARE THEREOF)	IF ENCUMBERED TO WHAT EXTENT	EXTENT OF LAND IN ACRES	MARKET VALUE IN RUPEES	WHETHER ANY CASE/ SUIT BEFORE ANY COMPETENT COURT AUTHORITY IN RESPECT OF THE IMMOVABLE PROPERTY S PENDING	WHETHER AGRICULTURAL OR NON-AGRICULTURAL AND WHETHER COMES IN CEILING AREA

Survey No. 214, Gotri, Vadodara, Gujarat, India Bounded by: North: Revenue Survey No. 215 South: Revenue Survey No. 211 West: Revenue Survey No. 213 East : 18 mtr. Road	1. Babita S. Pandey 2. Sudha V. Pandey 3. Vrindavan C. Pandey 4. Satyabhama M. Pandey 5. Shatrujeet C. Pandey 6. Mathuraprasad C. Pandey 16.67%	NA	4047 Sq. Mtr.	18.333 (As per Market value as on 22.10.2012)	NA	Non-Agriculture

Plot No. 52, Survey No. 174, Door No. A-4, Sanjay Colony, Mega Township, Bholav, Vadodara, Gujarat, India Bounded by : North: Common Plot South: Flat No. 702 East: Flat No. 704 West: Internal Road	Babita S. Pandey 100%	NA	158.00 Sq. Mtr.	5.650 (As per Market Value as on 22.01.2014)	NA	Non-Agriculture

Plot No. 52, Survey No. 174, 703, Palm View, Vasna Road, Vadodara, Gujarat, India Bounded by : North: Common Plot South : Flat No. 704 West: Flat No. 702 East: Dr. Mohanbhai Patel Farm	Babita S. Pandey Shatrujeet C. Pandey	NA	1434 Sq. Ft.	3.225 (Market Value on 22.01.2014)	NA	Non-Agriculture

Plot No. 87/1, 29, Door No. 202, Shivalik Yash, Naranpura, Wadaj, Ahmedabad, Gujarat, India Bounded by : North: Common Wall with Office B-203 South : Common Wall with Office 201 West: Margin and 132 ft. Ring Road East: Margin and then Adj. Property	Mr. Vrindavan C. Pandey 25% Mrs. Sudha V. Pandey Mr. Shatrujeet C. Pandey Mrs. Babita S. Pandey	NA	696.56 Sq. Mtr.	12.710 (Market value Total Rs. 50.840 Million as on 07.08.2014)	NA	Non Agriculture

Total				39.918

B. LIQUID ASSETS

PARTICULARS	DESCRIPTION	AMOUNT

Cash	--	0.020

Bank Balance	State Bank of India	0.250

C. SHARES: Rs. 60.775 Million

SR. NO.	COMPANY NAME	AMOUNT

1	M.V. Omni Project (India) Limited	60.775

	Total	60.775

D. LIFE INSURANCE POLICIES: Rs. 0.137 Million

E. JEWELLERY: Rs. 1.363 Million

F. LIABILITIES:

Borrowings from Banks: Kotak Mahindra Bank Rs. 1.999 Million

------------------------------------------------------------------------------------------------------------------------------

NETWORTH STATEMENT

MRS. SUDHA VRINDAVAN PANDEY (GUARANTOR)

(RS. IN MILLIONS)

(AS ON 31.03.2014)

DETAILS OF IMMOVABLE PROPERTY (IED)

PLACE(S) WHERE LAND(S) OR BUILDING(S) IS/ARE SITUATED	ANCESTRAL OR SELF ACQUIRED/ BELONGING IN INDIVIDUAL NAME/ IN JOINT NAMES (IF ANCESTRAL/ IN JOINT NAMES, SPECIFY SHARE THEREOF)	IF ENCUMBERED TO WHAT EXTENT	EXTENT OF LAND IN ACRES	MARKET VALUE IN RUPEES	WHETHER ANY CASE/ SUIT BEFORE ANY COMPETENT COURT AUTHORITY IN RESPECT OF THE IMMOVABLE PROPERTY S PENDING	WHETHER AGRICULTURAL OR NON-AGRICULTURAL AND WHETHER COMES IN CEILING AREA

Survey No. 214, Gotri, Vadodara, Gujarat, India Bounded by: North: Revenue Survey No. 215 South: Revenue Survey No. 211 West: Revenue Survey No. 213 East: 18mtr Road	1. Mathuraprasad C. Pandey 2. Sudha V. Pandey 3. Vrindavan C. Pandey 4. Satyabhama M. Pandey 5. Shatrujeet C. Pandey 6. Babita S. Pandey 16.67%	NA	4047 Sq. Mtr.	Rs. 18.333 (Market Value as on 20.10.2012)	NA	Non-Agriculture

Door No. G-12, Gokulesh, Plot No. 96, R.C. Dutt Road, 503/2, City S. No. 1935, Kasba, Vadodara, Gujarat, India Bounded by: North: Main Road South:Sanitary Block West: Unit No. 14 East: Unit No. 12	1. Sudha V. Pandey (50%) 2. Vrindavan C. Pandey (50%)	NA	630 Sq. Ft.	6.300 (Market Value as on 20.10.2012)	NA	Non-Agriculture

Plot No. 87/1, 29, Door No. 202, Shivalik Yash, Naranpura, Wadaj, Ahmedabad, Gujarat, India Bounded by : North: Common Wall with Office B-203 South : Common Wall with Office 201 West: Margin and 132 ft. Ring Road East: Margin and then Adj. Property	Mr. Sudha V. Pandey 25% Mrs. Vrindavan C. Pandey Mr. Shatrujeet C. Pandey Mrs. Babita S. Pandey	NA	696.56 Sq. Mtr.	12.710 (Market value Total Rs. 50.840 Million as on 07.08.2014)	NA	Non Agriculture

Total				37.343

B. LIQUID ASSETS

PARTICULARS	DESCRIPTION	AMOUNT

Cash	--	0.025

Bank Balance	State Bank of India Punjab National Bank	0.446

C. SHARES: Rs. 55.220 Million

SR. NO.	COMPANY NAME	AMOUNT

1	M.V. Omni Project (India) Limited	55.220

	Total	55.220

D. LIFE INSURANCE POLICIES: Rs. 0.116 Million

E. JEWELLERY: Rs. 1.445 Million

F. LIABILITIES:

Borrowings from Banks: Kotak Mahindra Bank Rs. 1.999 Million

------------------------------------------------------------------------------------------------------------------------------

NETWORTH STATEMENT

MR. VRINDAVAN CHANDRABHAN PANDEY

(RS. IN MILLIONS)

(AS ON 31.03.2014)

DETAILS OF IMMOVABLE PROPERTY (IED)

PLACE(S) WHERE LAND(S) OR BUILDING(S) IS/ARE SITUATED	ANCESTRAL OR SELF ACQUIRED/ BELONGING IN INDIVIDUAL NAME/ IN JOINT NAMES (IF ANCESTRAL/ IN JOINT NAMES, SPECIFY SHARE THEREOF)	IF ENCUMBERED TO WHAT EXTENT	EXTENT OF LAND IN ACRES	MARKET VALUE IN RUPEES	WHETHER ANY CASE/ SUIT BEFORE ANY COMPETENT COURT AUTHORITY IN RESPECT OF THE IMMOVABLE PROPERTY S PENDING	WHETHER AGRICULTURAL OR NON-AGRICULTURAL AND WHETHER COMES IN CEILING AREA

Door No. D-1001, Plot No. 1, Survey No. 1178, F.T. No. 166, Sarthak Tower, Ramdevnagar Road, Vejalpur, Satellite, Ahemdabad, Gujarat, India Bounded by : North: D-1002 South: Open Space East: D-1004 West: Open Place	Vrindavan C. Pandey (100%)	NA	308.00 Sq. Yars	11.000 (As per Market Value as on 10.10.2012)	NA	Non-Agriculture

Door No. 702, Palm View Apartment, Survey No. 174, Plot No. 52, Opposite Shobhna Nagar, Akota, Vadodara, Gujarat, India Bounded by : North: Common Plot South: Flat No. 701 East: Flat No. 703 West: Internal Road	Vrindavan C. Pandey (100%)	NA	158.00 Sq. Mtr.	6.000 (As per Market value as on 20.10.2012)	NA	Non-Agriculture

Door 807, Dwarkesh Complex, Survey No. 557, R. C. Dutt Road, Vadodara, Gujarat, India Bounded by : North: Main Road South: Open Space West: TP Road East: Office 808	Vrindavan C. Pandey (100%)	NA	1300 Sq. Ft.	4.600 (As per Market Value as on 20.10.2012)	NA	Non-Agriculture

Survey No. 214, Gotri, Vadodara, Gujarat, India Bounded by : North: Revenue Survey No. 215 South: Revenue Survey No. 211 West: Revenue Survey No. 213 East: 18 mtr Road	1. Vrindavan C. Pandey 2. Sudha V. Pandey 3. Mathuraprasad C. Pandey 4. Satybhama M. Pandey 5. Shatrujeet C. Pandey 6. Babita S. Pandey 16.67%	NA	4047 Sq. Mtr.	18.333 (As per Market value as on 20.10.2012)	NA	Non-Agriculture

Door No. G-12, Gokulesh, Plot No. 96, Survey No. 503/2, City S. No. 1935, Vadodara, Gujarat, India Bounded by : North: Main Road South: Shop No. 9 West: Unit No. 11 East: Unit No. 13	Vrindavan C. Pandey Sudha V. Pandey 50%	NA	630 Sq. Ft.	6.300 (As per Market value as on 20.10.2012)	NA	Non-Agriculture

Block No. 843, Survey No. 780, Karjan, Vadodara, Gujarat, India Bounded by : North: National Highway No. 8 South: Block no. 843 Plot West: Distance 9 mtr Block No. 841, Plot East: Block No. 844/845	Vrindavan C. Pandey (Prop. Of M.V. Omni Corporation)	NA	282.27 Sq. Ft.	6.000	NA	Non-Agriculture (Commercial)

Block No. A-1, Survey No. 138/139/140, Vadodara, Gujarat, India Bounded by : North: Block No. A/2 South: Nalia Road West: Society Road East: Lagu R. S. No. 133	Vrindavan C. Pandey 100%	NA	127 Sq. Ft.	4.510 (As per Market Value on 27.01.2014)	NA	Non-Agriculture (Commercial)

Door No. 202, Shivalik Yash, 29, Plot No. 87/1, Naranpura, Ahmedabad, Gujarat, India Bounded by : North: Common Wall with Office B-203 South: Common Wal with Office 201 West: Margin & 132 ft Ring Road East: Margin and then Adj. Property	Vrindavan C. Pandey 25% Sudha V. Pandey Shatrujeet C. Pandey Babita S. Pandey	NA	696.56 Sq. Mtr.	12.710 (Market Value Total Rs. 50.840 Million as on 07.08.2014)	NA	Non-Agriculture

Total				69.453

B. LIQUID ASSETS

PARTICULARS	DESCRIPTION	AMOUNT

Cash	--	0.046

Bank Balance	State Bank of India	0.069

C. SHARES: Rs. 64.309 Million

SR. NO.	COMPANY NAME	AMOUNT

1	M.V. Omni Project (India) Limited	64.057

2	Transwind Infrastructure Private Limited	0.101

3	Landmark Security Private Limited	0.051

4	M V Omni Infracon Private Limited	0.050

5	M V Omni Polymers Private Limited	0.050

	Total	64.309

D. LIFE INSURANCE POLICIES: Rs. 0.345 Million

E. JEWELLERY: Rs. 1.108 Million

F. LIABILITIES:

Borrowings from Banks: Kotak Mahindra Bank Rs. 1.999 Million

------------------------------------------------------------------------------------------------------------------------------

NETWORTH STATEMENT

MR. SHATRUJEET CHANDRABHAN PANDEY (GUARANTOR)

(RS. IN MILLIONS)

(AS ON 31.03.2014)

DETAILS OF IMMOVABLE PROPERTY (IED)

PLACE(S) WHERE LAND(S) OR BUILDING(S) IS/ARE SITUATED	ANCESTRAL OR SELF ACQUIRED/ BELONGING IN INDIVIDUAL NAME/ IN JOINT NAMES (IF ANCESTRAL/ IN JOINT NAMES, SPECIFY SHARE THEREOF)	IF ENCUMBERED TO WHAT EXTENT	EXTENT OF LAND IN ACRES	MARKET VALUE IN RUPEES	WHETHER ANY CASE/ SUIT BEFORE ANY COMPETENT COURT AUTHORITY IN RESPECT OF THE IMMOVABLE PROPERTY S PENDING	WHETHER AGRICULTURAL OR NON-AGRICULTURAL AND WHETHER COMES IN CEILING AREA

Survey No. 214, Gotri, Vadodara, Gujarat, India Bounded by: North: Revenue Survey No. 215 South: Revenue Survey No. 211 West: Revenue Survey No. 213 East: 18mtr Road	1. Mathuraprasad C. Pandey 2. Sudha V. Pandey 3. Vrindavan C. Pandey 4. Satyabhama M. Pandey 5. Shatrujeet C. Pandey 6. Babita S. Pandey 16.67%	NA	4047 Sq. Mtr.	Rs. 18.333 (Market Value as on 20.10.2012)	NA	Non-Agriculture

Door No. 308, Vraj Vaikunthdham, Survey No. 6/1 (Paiki) and 7 (Paiki), Bholav, Bharuch, Gujarat, India Bounded by: North: Flat No. 307 South: Internal Road West: Boundary Wall East: Flat No. 305	Shatrujeet C. Pandey	NA	1050 Sq. Ft.	2.625 (As per Market Value as on 22.01.2014)	NA	Non-Agriculture

Door No. 703, Palm View, Vasna Road, Plot No. 52, Survey No. 174, Vasna Road, Vadodara, Gujarat, India Bounded by: North: Common Plot South: Flat No. 704 West: Flat No. 702 East: Dr. Mohanbhai Patel Farm	Shatrujeet C. Pandey Babita S. Pandey	NA	1434 Sq. Ft.	3.225 (As per Market Value on 22.01.2014)	NA	Non-Agriculture

Door No. 202, Shivalik Yash, 29, Plot No. 87/1, Naranpura, Wadaj, Ahmedabad, Gujarat, India North: Common Wall with Office B-203 South: Common Wall with Office 201 West: Margin and 132 ft Ring Road East: Margin and then Adj. Property	Vrindavan C. Pandey 25% Sudha V. Pandey Shatrujeet C. Pandey Babita S. Pandey	NA	696.56 Sq. Mtr.	12.710 (Market Value Total Rs. 50.840 Million as on 07.08.2014)	NA	Non-Agriculture

Total				36.893

B. LIQUID ASSETS

PARTICULARS	DESCRIPTION	AMOUNT

Cash	--	0.035

Bank Balance	State Bank of India	0.051

C. SHARES: Rs. 48.782 Million

SR. NO.	COMPANY NAME	AMOUNT

1	M.V. Omni Project (India) Limited	48.607

2	Transwind Infrastructure Private Limited	0.175

	Total	48.782

D. LIFE INSURANCE POLICIES: Rs. 0.345 Million

E. JEWELLERY: Rs. 0.896 Million

F. LIABILITIES:

Borrowings from Banks: Kotak Mahindra Bank Rs. 1.999 Million

------------------------------------------------------------------------------------------------------------------------------

NETWORTH STATEMENT

MR. NISHANT MATHURAPRASAD PANDEY

(RS. IN MILLIONS)

(AS ON 31.03.2014)

DETAILS OF IMMOVABLE PROPERTY (IED)

PLACE(S) WHERE LAND(S) OR BUILDING(S) IS/ARE SITUATED	ANCESTRAL OR SELF ACQUIRED/ BELONGING IN INDIVIDUAL NAME/ IN JOINT NAMES (IF ANCESTRAL/ IN JOINT NAMES, SPECIFY SHARE THEREOF)	IF ENCUMBERED TO WHAT EXTENT	EXTENT OF LAND IN ACRES	MARKET VALUE IN RUPEES	WHETHER ANY CASE/ SUIT BEFORE ANY COMPETENT COURT AUTHORITY IN RESPECT OF THE IMMOVABLE PROPERTY S PENDING	WHETHER AGRICULTURAL OR NON-AGRICULTURAL AND WHETHER COMES IN CEILING AREA

Door No. 201, Shivalik Yash, Plot No. 87/1, Wadaj, Naranpura, Ahmedabad, Gujarat, India Bounded by: North: Common Wall with Office 202 South: Margin & 24 Mtr Road West: Margin & 132ft Ring Road East: Margin & then Adj. Property	Nishant M. Pandey 25% Mathuraprasad C. Pandey Satyabhama M. Pandey Indramati C. Pandey	NA	775.09 Sq. Mtr.	14.158 (Market Value Total Rs. 56.630 Million as on 07.08.2014)	NA	Non-Agriculture

Total				14.158

B. LIQUID ASSETS

PARTICULARS	DESCRIPTION	AMOUNT

Cash	--	0.019

Bank Balance	State Bank of India	0.058

C. SHARES:

SR. NO.	COMPANY NAME	AMOUNT

1	M.V. Omni Project (India) Limited	5.808

	Total	5.808

D. LIFE INSURANCE POLICIES: Rs. 0.120 Million

E. JEWELLERY: Rs. 0.180 Million

F. INCOME PER MONTH: INCOME FROM SALARY: Rs. 0.150 Million per month

G. LIABILITIES:

Borrowings from Banks: Kotak Mahindra Bank Rs. 2.180 Million

------------------------------------------------------------------------------------------------------------------------------

VALUATION REPORT

GENERAL DETAILS

Valuation is done by	Mr. Mazoon R. Vimadalal (Govt. Approved Valuer) Reg. No. CAT-1/29/2002-2003

Date of Valuation	12^th March, 2014

Name of Owner	Mr. Mathuraprasad Chandrabhan Pandey

Scheduled of Property	Dist. And Sub-Dist. Bharuch in the revenue limit of Bholav, R. S. No. 49 & 50 Paiky Plot No. A-7 & A-8 in Vraj Vihar Society admeasuring 240.5 S.M.

Situation of Property	Property is situated in upper Middle Class residential locality. All basic civic amenities are available nearby

Purpose of Valuation	To avail finance from State Bank of India

Extent of the Property	Land 240.5 SM B/up area approx. 173.0 SM

Whether the Property is Leasehold or Freehold	Freehold

Whether area is Residentially Developed or not?	Residential Development

Whether effected by Civic or Social Disturbance?	Peaceful Area

Whether effected by Floods?	No

Whether Site is nearby any Political or Communal Center?	No

Whether effected by Chemical Pollution?	No

How are the Civic Amenities like School, Transport, Shopping, etc.	All Civic Amenities are available nearby

Whether sit is Leveled or Undulating	Leveled

Whether site is filled up within a time of Five Years or naturally Compacted	Compacted

Load Bearing Capacity of Soil @ Five Feet Depth?	Average

Age of Building	Around 10 Years

Future Life of Building	Approx.. 40 Years

Development Permission	By Town Planner, Bharuch Vide Order No. Bholav/ Bharuch/ 654 Dt. 14/08/2000

DESCRIPTION AND CALCULATION FOR VALUATION

Specification of Construction	R.C.C. Famed structure with Brick Masonry walls duly plastered. Vitrified tiles in flooring, flushed doors and teakwood glazed windows. Good Plumbing, Sanitary and Electrical Installations. Provision of Built in Cupboards and other interior work

Four Boundaries of Property	On East: S. No. 49 On West: Internal Road On North: Plot No. A-06 On South: Plot No. A-09

VALUATION OF PROPERTY

Valuation is by Physical (Land and Building) Approach

Land:

Plot Area	240.0 SM

Land Rate adopted	Rs. 31200/SM

Market Value of the Land	Rs. 7.490 Million

Building:

Total Built up Area Approx.	173.00 SM

Average Rate of Construction after Depreciation	Rs. 13500/SM

Value of Building Works out to be	Rs. 2.335 Million

Add for Compound Wall, Paving and Services	Rs. 0.200 Million

Hence, Total Value of Property	Rs. 10.025 Million

1. Fair Market Value:	Rs. 10.025 Million

2. Realizable Value	Rs. 9.020 Million

3. Distress Value	Rs. 7.515 Million

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VALUATION REPORT

GENERAL DETAILS

Valuation is done by	Mr. Mazoon R. Vimadalal (Govt. Approved Valuer) Reg. No. CAT-1/29/2002-2003

Date of Valuation	12^th March, 2014

Name of Owner	Mr. Babita Shatrujit Pandey

Scheduled of Property	District and Sub-District Bharuch in the revenue limit of Kasak, R.S. No. 68/2, Paiky Plot No. 4-A & A-8 in Sanjay Colony admeasurig 156.13 S.M.

Situation of Property	Property is situated in affluent class residential locality. All basic civic amenities are available nearby

Purpose of Valuation	To avail finance from State Bank of India

Extent of the Property	Land 156.13 SM B/up area approx.. 91.0 SM

Whether the Property is Leasehold or Freehold	Freehold

Whether area is Residentially Developed or not?	Residential Development

Whether effected by Civic or Social Disturbance?	Peaceful Area

Whether effected by Floods?	No

Whether Site is nearby any Political or Communal Center?	No

Whether effected by Chemical Pollution?	No

How are the Civic Amenities like School, Transport, Shopping, etc.	All civic amenities are available nearby

Whether sit is Leveled or Undulating	Leveled

Whether Site is filled up within a time of Five Years or Naturally Compacted	Compacted

Load Bearing Capacity of Soil @ Five Feet Depth?	Average

Age of Building	Around 15 Years

Future Life of Building	Approx. 43 Years

Development Permission	Permission vides Order No. 38/1997 dt. 30.05.1997

DESCRIPTION AND CALCULATION FOR VALUATION

Specification of Construction	R.C.C. framed structure with Brick Masonry Walls dully plastered. Marble tiles in flooring, Teakwood paneled door and teakwood windows. Good Plumbing, Sanitary and Electrical Installations. Provision of Built in cupboards and other intere

Four Boundaries of Property	On East: Plot No. A-3 On West: Plot No. A/5 On North: Road On South: Plot No. A/9

VALUATION OF PROPERTY

Valuation is by Physical (Land and Building) Approach

Land:

Plot Area	156.13 SM

Land Rate Adopted	Rs. 26500/SM

Market Value of the Land	Rs. 4.605 Million

Building:

Total Built up Area	91.0 SM

Average Rate of Construction after Depreciation	Rs. 13000/SM

Value of Building works out to be	Rs. 1.185 Million

Add for In Built Furniture	Rs. 0.075 Million

Add for Parking Slab	Rs. 0.075 Million

Add for Compound Wall, Paving, U/g Tank and Services	Rs. 0.200 Million

Hence Total Value of Property	Rs. 6.140 Million

1. Fair Market Value:	Rs. 6.140 Million

2. Realizable Value	Rs. 5.525 Million

3. Distress Value	Rs. 4.605 Million

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VALUATION REPORT

GENERAL DETAILS

Valuation is done by	Mr. Mazoon R. Vimadalal (Govt. Approved Valuer) Reg. No. CAT-1/29/2002-2003

Date of Valuation	12.03.2014

Name of Owner	Mr. Shatrujeet Chandrabhan Pandey

Scheduled of Property	District, Sub District and City – Bharuch, in the revenue limit of Bholav, R.S. No. 61/1/P, 7/P of Vraj of Vaikunth Mega Township. The Property under reference is flat No. 308 admeasuring 97.6 SM on third floor of the said building

Situation of Property	Property is situated in middle class residential locality. All basic civic amenities are available nearby

Purpose of Valuation	To avail finance from State Bank of India

Extent of the Property	B/up are 97.6 SM

Whether the property is Leasehold or Freehold	Freehold

Whether area is residentially developed or Not?	Residential Development

Whether effected by Civic or Social Disturbance?	Peaceful Area

Whether effected by Floods?	No

Whether site is nearby any Political or Communal Center?	No

Whether effected by Chemical Pollution?	No

How are the Civic Amenities like School, Transport, Shopping, etc.	All Civic Amenities are available nearby

Whether sit is Leveled or Undulating	Leveled

Whether site is filled up within a time of Five Years or naturally Compacted	Compacted

Load Bearing Capacity of Soil @ Five Feet Depth?	Average

Age of Building	Around 12 Years

Future Life of Building	Around 37 Years

Development Permission	--

DESCRIPTION AND CALCULATION FOR VALUATION

Specification of Construction	R.C.C. Famed structure with Brick Masonry Walls duly Plastered. Medium quality marble flooring, Aluminium windows with mosquito net, Flush doors and teakwood main door. Granite kitchen platform. Provision of in built cupboards and interior work

Four Boundaries of Property	East: Flat No. 305 West: Boundary of Property North: Flat No. 307 South: Internal Road and Temple

VALUATION OF PROPERTY

Valuation is by Flat (Lump sum) Rate Approach

Total Built up Area	97.6 SM

Average Flat Rate Adopted after Depreciation	Rs. 26000/SM

Value work out to be	Rs. 2.535 Million

Add for built-in furniture and services	Rs. 0.100 Million

Therefore, Fair Market Value of Property	Rs. 2.635 Million

1. Fair Market Value:	Rs. 2.635 Million

2. Realizable Value	Rs. 2.370 Million

3. Distress Value	Rs. 1.975 Million

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VALUATION REPORT

GENERAL DETAILS

Purpose of Valuation

To Ascertain the Fair Market Value of the subject Property for the banking purpose

Name of the Applicant

M. V. Omni Projects (India) Limited

Name of the Owner

Mr. Shatrujeet Chandrabhan Pandey and

Mrs. Babita Shatrujeet Pandey

(As per provided copy of Sale Deed)

Person Identify/ Shown the Property

Mr. Sachin Valand

(91-9601275846)

Property Address

Flat No. 703, 7^th Floor, Palm View Apartment, Near Shrinidhi Bunglows, Manisha Circle-Vasna Road, Vadodara

Survey/ Plot No. of Land

R.S. No. 174, T.P. No.: 15, F.P. No. 52, Mouje Village Akota

About Subject Property

Type of Property

Residential Flat

Internal Composition

· A Drawing Room

· Two Normal Bed Rooms

· A Master Bed Room with attach Toilet Block

· A kitchen/Dining

· A Puja Room

· A Common Toilet Block

Type of Apartment/ Complex

Residential Apartment

Internal composition (Building)

G.F: Parking

Upper Floors: Residential Flats

Occupancy (Building)

Good

Approach/ Access to Property

The entire project abuts on 24 M wide T.P. Road

Locality

Residential : Middle Class Area

Surrounding Locality

Residential : Middle Class Area

Development

Developed area with residential societies and complexes located nearby

Surface Communication

By Auto Rickshaw/ City Bus/ Own Vehicles

Potentiality (by means of price appreciation)

Good

Advantages (if any)

Disadvantages (if any)

Marketability

Goo

Proximity to Civic Amenities

Railway Station and Bus Station (At a distance of ) : 5 Kms

School, Colleges, Shopping Centres, Bank, Post Office, Religious Places, etc. (Within radius of): 2 Kms

Multiplex, Mall, Garden/Park, Town Hall, etc. (Within radius of) : 2 Kms

Land

Undivided share of Land (Subject unit)

64.85 Sq. m (As per Sale Deed)

Shape of Land

Nearly Rectangular

Topography

Levelled Surface

Tenure of Land

Freehold Land

If leasehold land then mention

Name of the Lessor

Not Applicable

Name of the Lessee

Initial Premium paid by the Lessee

Final Premium paid by the Lessee

Occupant

Owner Occupied

Portion in Occupation of Owner

Entire Unit

Portion in Occupation of Tenant

Name of the Tenant

Not Applicable

Rent paid by the Tenant

Floor Space Index (FSI)

FSI Permissible

FSI Consumed

Within permissible limit

Property is insured? If “Yes”, provide the details

Details are not Available/ Not Applicable

Sale instances recorded in the Sub Registrar’s Office

Sale Instances are not relied upon

Basis of Arriving at Fair Rate

Due to high level of taxation, it is the normal practice in the real estate transaction to reflect only certain percent of the consideration in the agreement. Thus enquiries made with real estate brokers and the neighbors in the vicinity. Also by their past experience. Their data bank and after analyzing all the facts and data about the subject property. They have derived Composite Rate to arrive at a Fair Market Value of the subject property

Construction

Commencement Year:

1997-98

Completion Year;

No Known (Completion Certificate is not produced to them)

Unit Boundaries

North:

Common Plot

South :

Flat No. 704

East :

Dr. Mohanbhai Patel Farm

West :

Flat No. 702

VALUATION

They have visited the subject property and inspected the same minutely. After the detailed inspection, carrying out independent market survey/ inquiries, after having a complete overview of the prevailing rates of similar property sales, purchase, based upon their past valuation experience and their independent judgement, they have determined the Fair Market Value of the property as on the said date as mentioned hereunder-

DESCRIPTION	AREA (SQ. FT.)	COMPOSITE RATE (RS./ SQ. FT.)	GROSS CURRENT REPLACEMENT COST (RS.)	DEPRECIATION (RS.)	DEPRECIATED REPLACEMENT COST/ VALUE (RS.)

Super Built up Area (As per Sale Deed)	1792	3500	6.272	--	6.272

Fixed Furniture	Fixed Furniture and Interior, etc. (L.S.)				0.130

Total					6.402
FAIR MARKET VALUE (SAY)					6.400

Realizable Value

90% (Assumed) of Fair Market Value

5.760

Distress Value

80% (Assumed) of Fair Market Value

5.120

Remarks: Internal changes in planning have been carried out than that shown in the Approved Plan

TECHNICAL DETALS

No. of floors and Height of floor

G.F. + 10 upper floors (Each Floor: 10)

Future Life of building (Approx.)

44 Years

Type of construction

RCC frame Structure

Type of foundations

RCC column footing

Walls (External)

Thickness : 9” thick

Plaster : Double coat sand face plaster

Paint : Acrylic Paint

Wall (Internal/ Partition)

Thickness : 4.5” thick

Plaster : Smooth plaster with white cement base putty

Paint : Plastic Paint

Roofing

RCC Slab

Doors

Main door : Wooden door with wooden frame

Other doors :Wooden doors with wooden frame

Safety grill : Provided

Windows

Aluminium section windows with safety grills

Flooring

Vitrified tile flooring

Kitchen

Platform : Black granite top sandwich platform with S.S.

Dado : Glazed tiles dado upto lintel level

Flooring : Vitrified tile flooring

Toilet

Type :Standard

Fittings : Normal

Plumbing

Good quality

Electrification

ISI concealed copper wiring with sufficient plug point

Architectural Features

Well-designed unit by Architect

Compound wall (for entire building)

Type : Brick work duly plaster

Height : 4’

Lift

2 lifts provided

Underground water tank

Provided (Common for the building)

Overhead water tank

Provided (Common for the building)

Paving (in compound area)

RCC paving in compound area

Sewage disposal

Connected to public sewer

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VALUATION REPORT

GENERAL DETAILS

Purpose of Valuation

To ascertain the fair market value of immovable property offered to State Bank of India, Ahmedabad

Name of the Applicant

M. V. Omni Projects (India) Limited

Name of the Owner

Vrindavan Chandrabhan Pandey [As per provided copy of Sale deed]

Person Identify/ Shown the Property

Mr. Sachin Valand [9601275846]

Property Address

Unit No. A/1, Ashray Society, Near Vadsar Bridge, B/H Ashray Flats, GIDC-Vadsar Road, Vadodara

Survey/ Plot No. of Land

R.S. No.: 138, 139, 140 Mouje Village Vadsar

About Subject Property

Type of Property

Residential Tenament

Internal Composition

Ground Floor

· A Drawing Room

· Two Bed Rooms

· A Kitchen

· A W/C

· A Bath

Approach/ Access to Property

Subject unit abuts on 7.5 M wide internal society road

Locality

Residential – Middle class area

Surrounding Locality

Residential – Middle class area

Development

Developed area with residential societies located nearby

Surface Communication

By auto rickshaw/ city bus/ own vehicles

Potentiality (by means of price appreciation)

Good

Advantages (if any)

Disadvantages (if any)

Marketability

Good

Proximity to Civic Amenities

Railway Station and Bus Station (At a distance of ) : 9 Kms

School, Colleges, Shopping Centres, Bank, Post Office, Religious Places, etc. (Within radius of): 2 Kms

Multiplex, Mall, Garden/ Park, Town Hall, etc.: 2 Kms

(Within radius of)

Land

Area of Land

1367 Sq. Ft.

Documentary proof

As per sale deed

Regd. No.: 7243

Dtd: 20.10.2001

Shape of Land

Nearly Rectangular

Topography

Levelled Surface

Tenure of Land

If leasehold land then mention

Name of the Lessor

Not Applicable

Name of the Lessee

Initial Premium paid by the Lessee

Final Premium paid by the Lessee

Occupant

Recently in Vacant condition

Portion in Occupation of Owner

Entire unit

Portion in Occupation of Tenant

Name of the Tenant

Not Applicable

Rent paid by the Tenant

Floor Space Index (FSI)

FSI Permissible

1.6

FSI Consumed

Within the permissible limit

Property is insured? If “Yes”, provide the details

Details are not available

Sale instances recorded in the Sub Registrar’s Office

Sale instances are not relied upon

Basis of Arriving at Fair Rate

Due to high level of taxation, it is the normal practice in the real estate transaction to reflect only certain percent of the consideration in the agreement. Thus enquiries made with real estate brokers and the neighbors in the vicinity. Also by their past experience, their data bank and after analyzing all the facts and data about the subject property, they have derived Land Rate and DRC to arrive at a Fair Market Value of the subject property

Construction

Commencement Year:

1998-99

Completion Year:

1999-2000 [As per verbal information]

[completion and occupation certificate are not produced to them]

Plot Boundaries

North:

Unit No.: A/2

South :

Naliya Road

East :

R.S. No.: 133

West :

7.5 M wide internal society road

VALUATION

DESCRIPTION	AREA (SQ. FT.)	COMPOSITE RATE (RS. SQ. FT.)	GROSS CURRENT REPLACEMENT COST (RS.)	DEPRECIATION (RS.)	DEPRECIATED REPLACEMENT COST/ VALUE (RS.)

Land Area	1367	2600	3.554	Nil	3.554

Built up Area
Ground Floor	716	1000	0.716	0.149	0.567

Amenities	Compound wall, U/G & O/II Water Tanks, etc.			I.S.	0.030

				Total	4.151

FAIR MARKET VALUE (SAY)					4.151

Realizable Value

95% (Assumed) of Fair Market Value

Rs. 3.943 Million

Distress Value

85% (Assumed) of Fair Market Value

Rs. 3.528 Million

TECHNICAL DETALS

No. of floors and Height of floor

G.F.

Height: 10’

Future Life of building (Approx.)

40 Years

Type of construction

Load bearing wall structure

Type of foundations

Load bearing wall

Walls (External)

Thickness : 9” thick

Plaster : Sand face rough plaster

Paint : Cement Paint

Wall (Internal/ Partition)

Thickness : 4.5” thick

Plaster : Smooth Plaster

Paint : Distember

Roofing

RCC Slab

Doors

Main door : Wooden door with wooden frame

Other doors : Wooden doors with wooden frame

Safety grill : Provided

Windows

Aluminium frame fully glass window with safety grills

Flooring

Mosaic tile flooring

Kitchen

Platform : White Marble platform with S.S. sink Glazed tiles upto full height level

Toilet

Type : Standard

Fittings : Normal

Plumbing

Normal

Electrification

Concealed copper (ISI) wiring

Architectural Features

Normal elevated unit

Compound wall (for entire building)

Type: Brick work duly plaster

Height: 3’

Lift

Not Provided

Underground water tank

Provided

Overhead water tank

Provided

Paving (in compound area)

Not provided

Sewage disposal

Connected to public sewer

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VALUATION REPORT

GENERAL DETAILS

Purpose of Valuation	For financial review by bank

Date of valuation/ inspection	August 22, 2014

Name of the Owner(s)	Mr. Vrindavan C. Pandey Mrs. Sudha V. Pandey Mrs. Shatrujeet C. Pandey Mrs. Babita S. Pandey

Shares of Joint Owners	--

Description of the Properties	The properties under valuation is a commercial office situated at second floor of ‘Shivalik Yash’ and super built up area of said office is 696.28 Sq. Mtr. Or say 7495.00 Sq. Ft.

Location of Property	Office No. A-202, Second Floor, Shivalik Yash, Near Pallav Cross Road, Shashtrinagar Road, Naranpura, Ahmedabad

Property surrounded by	East: By Main Entrance and Office No. A/201 West: By Office No. B/202 North: By open to sky towards 132 feet ring road South: By open to sky towards back side parking

Address as Revenue Record	Final Plot No. 87/1, T.P. Scheme No. 29, Mouje Vadaj, Taluka City, District Ahmedabad

Whether Residential/ Industrial/ Commercial/ Mixed Area	Residential cum Commercial Area

Classification of Locality i.e. High/ Middle/ Poor Class	Middle Class

Proximity of Civic amenities like Schools/ Hospital/ Offices/ Market/ Cinema, etc.	All civic amenities are available in the vicinity of subject property

Means and Proximity of Communication/ Transportation	Auto, Taxi, Telephone and Bus are available in the vicinity of subject property

Distance from Rly. Station/ S.T. Depot/ Center of City	About 7-8 km from Kalupur Railway Station

Super Built up Area	696-28 Sq. Mtr. Of Say 7495.00 Sq. Ft. (As per copy of Deed of Conveyance)

Road on which the land is abutting	Shivalik Yash is located on 132 ft. Ring Road at Pallav Cross Road

Is it freehold/ leasehold Land?	Freehold

If Lease-hold than details of initial premium/ ground rent	Not applicable

Is there any statute in regard to use of Land	Details are not available

Are there any agreements of easements:	No

Does the land fall in an area included in any TPS or any Dev. Plan of Govt. or any Statutory Body?	No

Has any contribution been made towards development or is any demand for such contribution still outstanding?	No

Has the whole or part of the land been notified for acquisition by Govt. or any statutory body?	No

Is the building owner-occupied/ tenanted/both	As informed to them, occupied by company. Owner Mr. Vrindavan C. Pandey is only director in said company

If partly owner-occupied, then, portion and extend of area under owner occupancy	--

Floor space index, permissible and actual utilized	--

Year of construction/ Age of the building	2010-11

TECHNICAL DETAILS

No. of floors	The subject office is situated at second floor of ‘Shivalik Yash’ which Basement, Ground Floor and Upper Four Floors

Super built up area	696.28 Sq. Mtr. or Say 7495.00 Sq. Ft.

Year of construction	2010-11

Estimated total life	60 Years

Type of Construction load bearing walls/ RCC Frame	RCC Frame Structure

Walls	Bricks Masonry with smooth plaster

Type of foundations	RCC Foundation

Partitions	Bricks Masonry

Doors/ Windows	Wooden frame, fully glazed door and teak wood framed fully Glazed windows

Flooring	Vitrified tiles

Finishing	Inside smooth cement plaster with plastic paint finish and outside sand face plaster

Roofing and Terracing	RCC slab wih POP

Special Architectural or decorative feature if any	No

Internal Wiring	Concealed wiring
Fitting-Superior/ Ordinary	Ordinary

Sanitary installation	Yes

Class of fittings superior	Superior

Compound wall	Yes, common of the complex

No. of lifts and capacity	Yes, Two

Underground sump – capacity and type of construction	Yes

Overhead tank/ located at	Yes

Pumps – nos. and their HP	Yes

Roads and paving within the compound, approx. area and type of paving	Yes

Sewage disposal – whether connected to public sewer	Connected to sewerage line

Whether the building is constructed as per plan approved by the competent authority?	Yes, the building is constructed as per copy of Approved Building Plan issued by A.M.C. vide Case No. BLNTI/WZ/101008/P/A5409/R1/M1, Commencement Letter No. 13257/101008/A5409/R1/M1 Dt. 03.10.2009

VALUATION Valuation as on August 22, 2014 of commercial premises (office), situated at office situated at office No. A-202, Second Floor, Shivalik Yash, Near Pallav Cross Road, Shashtrinagar Road, Naranpura, Ahmedabad belonging to Mr. Vrindavan C. Pandey, Mrs. Sudha V. Pandey, Mrs. Shatrujeet C. Pandey, Mrs. Babita S. Pandey The prevailing market rate of such type of commercial office in the vicinity of property under valuation is in the range of Rs. 5,800.00 to 6800.00 per Sq. Ft. for super built up area depending on location, size, shape, closeness to main road, topology, etc. they have adopted Rs. 6300.00 per Sq. Ft. for this valuation exercise by considering type of transaction, nature of property, location, size, shape, amenities available at subject property, etc.

Super built up area of the office no. A-202	7495.00 Sq. Ft.

Rate-considered for super built up area after including all internal and external common amenities	Rs. 6300.00 per Sq. Ft.

Lumpsum value of Fixed wooden furniture and fixtures, decorative POP ceiling with spot lighting, good quality interior, air coordinators, partly wooden and partly glazed partitions, etc.	Rs. 3.300 Million

Fair market value	Rs. 51.019 Million

Fair market value (Say)	Rs. 51.000 Million

Realizable value	Rs. 46.000 Million

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VALUATION REPORT

GENERAL DETAILS

Purpose of Valuation

For financial review by bank

Date of valuation/ inspection

24.09.2014

Name of the Owner(s)

Owner: Mr. Mathuraprasad C. Pandey and Mrs. Shatyabhama Mathuraprasad Pandey

Possessor/ Lessee: Standard Chartered Bank

Shares of Joint Owners

Description of the Properties

The property under valuation is a commercial premises situated at Ground floor of Gokulesh Complex. Golulesh Complex Building is abutting on R.C. Dutt Road

Location of Property

Unit No. G-13, Ground Floor, Gokulesh Complex, Near Hotel Comfort Residency, R.C. Dutt Road, Alkapuri, Vadodara

Property surrounded by

As per representative of the owner’s information

East: Shop No. G-12

West: Shop No. G-14

North: Road

South: Private Property

Address as Revenue Record

Revenue survey No. 503, Hissa No. 2, City Survey No. 1935, Mouje Baroda-Kasba, District: Baroda

Whether Residential/ Industrial/ Commercial/ Mixed Area

Commercial cum Residential Area

Classification of Locality i.e. High/ Middle/ Poor Class

Upper middle class/ middle class

Proximity of Civic amenities like Schools/ Hospital/ Offices/ Market/ Cinema, etc.

All civic amenities are available nearby

Means and Proximity of Communication/ Transportation

Auto, Taxi, Telephone and Bus are available

Distance from Rly. Station/ S.T. Depot/ Center of City

Near by Vadodara Railway Station

Super Built up Area

630.00 Sq. Ft.

Road on which the land is abutting

Gokulesh Complex is located on R.C. Dutt Road

If Lease-hold than details of initial premium/ ground rent

Not applicable

Is there any statute in regard to use of Land

N.A. Letter is not provided to us by bank/ owner

Are there any agreements of easements:

Does the land fall in an area included in any TPS or any Dev. Plan of Govt. or any Statutory Body?

Has any contribution been made towards development or is any demand for such contribution still outstanding?

Has the whole or part of the land been notified for acquisition by Govt. or any statutory body?

Is the building owner-occupied/ tenanted/ both

Occupied by Licensee Standard Chartered Bank

If partly owner-occupied, then, portion and extend of area under owner occupancy

Not applicable

Floor space index, permissible and actual utilized

Approved layout plan is not available

Year of construction/ Age of the building

2000-2001 (As per copy of previous valuation report dtd. 20.10.2012)

TECHNICAL DETAILS

No. of floors

There is ground floor plus upper three floors. The subject property is situated at Ground floor

Super built up area

630.00 Sq.ft.

Year of construction

2000-2001

Estimated total life

60 Years

Type of Construction load bearing walls/ RCC Frame

46 Years

Walls

RCC Frame Structure

Type of foundations

RCC Foundation

Partitions

Bricks Masonry

Doors/ Windows

Front side M.S. Rolling Shutters with Wooden Frame, wooden doors and fully glazed windows

Flooring

Vitrified

Finishing

Inside smooth plaster with partly plastic paint and partly wooden wall paneling

Roofing and Terracing

RCC Slab

Special Architectural or decorative feature if any

Internal Wiring surface of conduit

Concealed

Fitting-Superior/ Ordinary / Poor

Normal

Sanitary installation

Normal

Class of fittings superior

Normal

Compound wall

Yes, common of scheme

No. of lifts and capacity

Yes

Underground sump – capacity and type of construction

Yes, common of scheme

Overhead tank

Yes, common of scheme

Where located

Terrace

Pumps – nos. and their HP

Yes, common of scheme

Roads and paving

Yes

Sewage disposal – whether connected to public sewer

Connected to Municipal Sewer Line

Whether the building is constructed as per plan approved by the competent authority?

The approved layout and building plan has not been provided by the owner/ bank, thus they are unable to comment upon the authorization of construction

VALUATION

Valuation as on September 24, 2014 of commercial premises, situated at Unit No. G-13, Ground Floor, Gokulesh Complex, Near Hotel Comfort Residency, R.C. Dutt Road, Alkapuri, Vadodara belonging to Mr. Mathuraprasad C. Pandey and Mrs. Shatyabhama Mathuraprasad Pandey.

The prevailing market rate of such type/kind of commercial property in the vicinity of property under valuation is in the range of 20,000.00 to 25,000.00 per Sq. Ft. for super built up area, depending on location, size, shape, closeness to main road, topology, etc. They have adopted Rs. 22,000.00 per Sq. Ft. for this valuation exercise by considering type of transaction, nature of property, location, size, shape, amenities available at subject property, etc.

Super built up area

630.00 Sq. Ft.

Rate-considered for super built up area after including fixture, furniture, interior and internal and external common amenities

Rs. 22,000.00 per Sq. ft.

Fair market value

Rs. 13.860 Million

Fair market value (Say)

Rs. 14.000 Million

Realizable value

Rs. 12.500 Million

Valuation of Tenanted Occupied Portion by Rental Method

Total rent per month	Rs. 0.058 Million

Yearly rent = 12 x Rs. 58430.00	Rs. 0.701 Million

Less: General outgoing @ 15% of Gross Rent = 15% x Rs. 701160.00	Rs. 0.105 Million


Therefore, net rent = Rs. 701160.00 – Rs. 105174.00	Rs. 0.596 Million

Years Purchase (Y.P.) for perpetuity @ 4.25% = 100/4.25	23.53

Market Value	Y.P x net annual rent 23.53 x Rs. 595986.00 Rs. 14.024 Million Or Say Rs. 14.000 Million

Market value as per rental method of valuation	Rs. 14.000 Million

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VALUATION REPORT

GENERAL DETAILS

Purpose of Valuation

For financial review by bank

Date of valuation/ inspection

24.09.2014

Name of the Owner(s)

Owner: Mr. Vrindavan C. Pandey and Mrs. Sudha V. Pandey

Possessor/ Lessee: Standard Charted Bank

Shares of Joint Owners

Description of the Properties

The property under valuation is a commercial premises situated at Ground Floor of Gokulesh Complex, Gokulesh Complex building is abutting on R.C. Dutt Road

Location of Property

Unit No. G-12, Ground Floor, Gokulesh Complex, Near Hotel Comfort Residency, R.C. Dutt Road, Alkapuri, Vadodara

Property surrounded by

As per representative of the owners information

East: Shop No. G-11

West: Shop No. G-13

North: Road

South: Private Property

Address as Revenue Record

Revenue Survey No. 503, Hissa No. 2, City Survey No. 1935, Mouje Baroda-Kasba, District: Baroda

Whether Residential/ Industrial/ Commercial/ Mixed Area

Commercial cum Residential Area

Classification of Locality i.e. High/ Middle/ Poor Class

Upper middle class/ middle class

Proximity of Civic amenities like Schools/ Hospital/ Offices/ Market/ Cinema, etc.

All civic amenities are available nearby

Means and Proximity of Communication/ Transportation

Auto, taxi, telephone and bus are available

Distance from Rly. Station/ S.T. Depot/ Center of City

Vadodara railway station nearby

Super Built up Area

630.00 Sq. Ft. (As per copy of allotment letter )

Road on which the land is abutting

Gokulesh complex is located on R.C. Dutt Road

If Lease-hold than details of initial premium/ ground rent

Not applicable

Is there any statute in regard to use of Land

N.A. Letter is not provided to them by Bank/ Owner

Are there any agreements of easements:

Does the land fall in an area included in any TPS or any Dev. Plan of Govt. or any Statutory Body?

Has any contribution been made towards development or is any demand for such contribution still outstanding?

Has the whole or part of the land been notified for acquisition by Govt. or any statutory body?

Is the building owner-occupied/ tenanted/ both

Occupied by licensee standard chartered bank

If partly owner-occupied, then, portion and extend of area under owner occupancy

Not applicable

Floor space index, permissible and actual utilized

Approved layout plan is not available

Year of construction/ Age of the building

2000-2001

TECHNICAL DETAILS

No. of floors

There is ground floor plus upper three floors. The subject property is situated at ground floor

Super built up area

630.00 Sq. Ft.

Year of construction

2000-2001

Estimated total life

60 Years

Type of Construction load bearing walls/ RCC Frame

RCC Frame Structure

Walls

Bricks Masonry

Type of foundations

RCC Foundation

Partitions

Bricks Masonry

Doors/ Windows

Front side M.S. Rolling Shutters with wooden frame, wooden doors and fully glazed windows

Flooring

Vitrified

Finishing

Inside smooth plaster with partly plastic paint and partly wooden wall paneling

Roofing and Terracing

RCC Slab

Special Architectural or decorative feature if any

Internal Wiring surface of conduit

Concealed

Fitting-Superior/ Ordinary / Poor

Normal

Sanitary installation

Normal

Class of fittings superior – Coloured/ White/ Ordinary

Normal

Compound wall

Yes, Common of Scheme

No. of lifts and capacity

Yes

Underground sump – capacity and type of construction

Yes, Common of Scheme

Overhead tank

Yes, Common of Scheme

Where located

Terrace

Pumps – nos. and their HP

Yes, Common of Scheme

Roads and paving

Yes

Sewage disposal

Connected to Municipal Sewer Line

Whether the building is constructed as per plan approved by the competent authority?

The approved layout and building plan has not been provided by the owner/ bank, thus they are unable to comment upon the authorization of construction

Other Salient Features:

1. The subject property is located on R.C. Dutt Road. It is nearby Vadodara Railway Station.

2. Gokulesh Complex is having ground floor plus upper three floors, the subject property is situated at Ground floor. At the time of site inspection, subject property is occupied by Licensee standard chartered bank Mr. Vrindavan C. Pandey and Mrs. Sudha V. Pandey has executed. Leave and License Agreement in favour of Standard Chartered Bank for the period Dt. 10^th February 2012 till 9^th February 2021, here consider Dt. 10^th February 2012 to 9^th February 2015 with license fees of Rs. 58,430.00 per month. Licensee shall have to renew this agreement for further 6 years.

3. As per copy of Allotment Letter, Dt. 31/08/2001, Super built up area of the subject unit no. G-12 is 630.00 Sq. Ft. and same have been adopted for the purpose of the valuation exercise.

4. At the time of site inspection, as per representative of the owners information unit no. G-10 to G-15 were amalgamated and use as a single unit. However, their scope of valuation is only unit no. G-12.

5. At the time of site inspection, they have not been allowed for taking photographs and measurement internally by licensee (Standard Chartered Bank), so they have identified property by representative of the owner.

6. This valuation report is based on copy of allotment letter, copy of indenture of lease and physical inspection.

7. All basic infrastructure facilities are easily available within vicinity of the subject premises. The civic amenities like ATM Counter, School, Shops and Hospital are available near the Complex.

VALUATION

Valuation as on September 24, 2014 of commercial premises, situated at Unit No. G-12, Ground Floor, Gokulesh Complex, Near Hotel Comfort Residency, R.C. Dutt Road, Alkapuri, Vadodara belonging to Mr. Vrindavan C. Pandey and Mrs. Sudha V. Pandey.

Super built up area

630.00 Sq. Ft.

Rate-considered for super built up area after including fixture, furniture, interior and internal and external common amenities

Rs. 22000.00 per Sq. Ft.

Fair market value

Rs. 13.860 Million

Fair market value (Say)

Rs. 14.000 Million

Realizable value

Rs. 12.500 Million

Valuation of Tenanted Occupied Portion by Rental Method

Total rent per month	Rs. 0.058 Million

Yearly rent = 12 x Rs. 58430.00	Rs. 0.701 Million

Less: General outgoing @ 15% of Gross Rent = 15% x Rs. 701160.00	Rs. 0.105 Million


Therefore, net rent = Rs. 701160.00 – Rs. 105174.00	Rs. 0.596 Million

Years Purchase (Y.P.) for perpetuity @ 4.25% = 100/4.25	23.53

Market Value	Y.P x net annual rent 23.53 x Rs. 595986.00 Rs. 14.024 Million Or Say Rs. 14.000 Million

Market value as per rental method of valuation	Rs. 14.000 Million

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VALUATION REPORT

GENERAL DETAILS

Purpose of Valuation	For financial review by bank

Date of valuation/ inspection	24.09.2014

Name of the Owner(s)	Mr. V.C. Pandey

Shares of Joint Owners	--

Description of the Properties	It is Commercial Premises (Office), situated at Eighth Floor or ‘Dwarkesh Complex’ and Super built up area of said premises is 1300.00 Sq. Ft.

Location of Property	Office No. 807, Eight Floor, Dwarkesh Complex, Beside Hotel Wel-Come, R.C. Dutt Road, Alkapuri, Vadodara

Property surrounded by	As per Inspection North: Road South: Office No. 805 East: Office No. 801 to 803 West: Office No. 806

Address as Revenue Record	Revenue survey No. 557, Paiki, Mouje Alkapur, Vadodara

Whether Residential/ Industrial/ Commercial/ Mixed Area	Commercial cum Residential area

Classification of Locality i.e. High/ Middle/ Poor Class	Middle Class

Proximity of Civic amenities like Schools/ Hospital/ Offices/ Market/ Cinema, etc.	All civic amenities are available in the vicinity of subject property

Means and Proximity of Communication/ Transportation	Auto, taxi, telephone and bus are avaialbe in the vicinity of subject property

Distance from Rly. Station/ S.T. Depot/ Center of City	Vadodara railway station; 1-2 km

Super Built up Area	1300.00 Sq. ft.

Road on which the land is abutting	Dwarkesh Complex is located on R.C. Dutt Road

If Lease-hold than details of initial premium/ ground rent	Not applicable

Is there any statute in regard to use of Land	The subject property is residential usage (As per copy of raja chitthi and B.U. permission) while at the time of site inspection, the subject property was used as commercial office

Are there any agreements of easements:	No

Does the land fall in an area included in any TPS or any Dev. Plan of Govt. or any Statutory Body?	No

Has any contribution been made towards development or is any demand for such contribution still outstanding?	No

Has the whole or part of the land been notified for acquisition by Govt. or any statutory body?	No

Is the building owner-occupied/ tenanted/ both	Occupied by owner

If partly owner-occupied, then, portion and extend of area under owner occupancy	--

Floor space index, permissible and actual utilized	--

Year of construction/ Age of the building	1995-96 (As per copy of Raja chitthi, Dt. 29.02.1996)

TECHNICAL DETAILS

No. of floors	There is a basement, ground floor plus upper nine floors, subject property is situated at Eighth floor

Super built up area	1300.00 Sq. ft.

Year of construction	1995-96

Estimated total life	60 Years

Estimated future life	41 Years

Type of Construction load bearing walls/ RCC Frame	RCC Frame Structure

Walls	Bricks Masonry with smooth plaster

Type of foundations	RCC frame foundation

Partitions	--

Doors/ Windows	Teak wood frames wooden doors and aluminium section fully glazed windows

Flooring	Vitrified tiles flooring

Finishing	Inside smooth cement plaster with plastic paint finish and outside sand face plaster

Roofing and Terracing	RCC Slab

Special Architectural or decorative feature if any	--

Internal Wiring	Concealed wiring
Fitting-Superior/ Ordinary	Superior

Sanitary installation	Yes

Class of fittings superior – Coloured/ White/ Ordinary	Good

Compound wall	Yes

No. of lifts and capacity	Yes

Underground sump – capacity and type of construction	Yes

Overhead tank/ located at	Yes

Pumps – nos. and their HP	Yes

Roads and paving within the compound, approx. area and type of paving	Yes

Sewage disposal	Connected to sewerage line

Whether the building is constructed as per plan approved by the competent authority?	The approved layout and building plan has not been provided by the bank, thus they are unable to comment upon the authorization of construction. As per copy of Raja Chitthi is issued by Vadodara Municipal Corporation, Dt. 29.02.1996 and As per B.U. Permission is issued by Vadodara Municipal Corporation, Dt. 18.12.1999

VALUATION Valuation as on September 24, 2014 of commercial premises (office), situated at Office No. 807, Eight Floor, Dwarkesh Complex, Beside Hotel Welcome, R.C. Dutt Road, Alkapuri, Vadodara, belonging to Mr. V.C. Pandey The prevailing market rate of such type/kind of commercial property in the vicinity of property under valuation is in the range of Rs. 4000.00 to Rs. 4500.00 per Sq. Ft. for super built up area, depending on location, situation of floor, frontage on the main road, infrastructure and amenities, size, shape, closeness to main road, topography, etc. They have adopted Rs. 4300.00 per Sq. Ft. of super built up area for this valuation, nature of property, location, size, shape, amenities available at subject property, etc.

Super built up area	1300.00 Sq. Ft.

Rate-considered for super built up area after including fixture, furniture, interior and internal and external common amenities	Rs. 4300.00 per Sq. Ft.

Fair market value	Rs. 5.590 Million

Fair market value (Say)	Rs. 5.590 Million

Realizable value	Rs. 5.030 Million

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VALUATION REPORT

(RS IN MILLIONS)

DATE OF VALUATION / INSPECTION	NAME OF THE OWNER(S)	ADDRESS	VALUE

22.08.2014	Mr. Mathuraprasad C. Pandey Mrs. Satyabhama M. Pandey Mr. Chandrabhan R. Pandey Mr. Nishant M. Pandey	Office No. A-201, Second Floor, Shivalik Yash, Near Pallav Cross Road, Shashtrinagar Road, Naranpura, Ahmedabad, Gujarat, India	Fair Market Value : Rs. 56.842 Million Realizable Value: Rs. 51.000 Millions

11.03.2014	Mr. Mathuraprasad Chandrabhan Pandey	Unit No. A/2, Ashray Society, Near Vadsar Bridge, B/H. Ashray Flats, GIDC-Vadsar Road, Vadodara, Gujarat, India	Realizable Value: Rs. 3.658 Million Distress Value: Rs. 3.273 Million

24.09.2014	M.V. Omni Corporation, Proprietor Mr. Vrindavan Chandrabhan Pandey	Revenue Survey No. 780, Block No. 843, Paiki’s North Side Land, Near Raj Industrial Park, Mouje Kandari, Taluka Karjan, District Vadodara, Gujarat, India	Fair Market Value: Rs. 9.804 Million Realizable Value: Rs. 8.800 Million

24.09.2014	Mr. Vrindavan Chandrabhan Pandey	Survey No. 1178, Sub Plot No.1, Final Plot Nos. 166, S.P. No. 1, T. P. Scheme No. 6, At Vejalpur, Taluka City, District Ahmedabad, Gujarat, India	Fair Market Value: Rs. 12.320 Million Realizable Value: Rs. 11.000 Million

24.09.2014	Mr. Mathuraprasad Chandrabhan Pandey	24, Ambrish Co-operative Housing Society Limited, Near Radhe Swami Satsang, Near Mahadev Temple, Ranip, Ahmedabad, Gujarat, India	Fair Market Value: Rs. 11.800 Million Realizable Value: Rs. 10.600 Million

24.09.2014	Mr. Mathuraprasad Chandrabhan Pandey	Office No. 204, Second Floor, Asharam Avenue, Behind Kocharab Asharam, Kocharab Gam, Asharam Road, Paldi, Ahmedabad, Gujarat, India	Fair Market Value: Rs. 1.300 Million Realizable Value: Rs. 1.170 Million

24.09.2014	Mr. Mathuraprasad Chandrabhan Pandey	Flat No. H-504, Fifth Floor, Satyam Status, (Satyam Status Co-operative Housing Society Limited), Opposite Chandan Party Plot, Near Sharnam-7, Satellite, Ahmedabad, Gujarat, India	Fair Market Value: Rs. 5.500 Million Realizable Value: Rs. 5.000 Million

24.09.2014	Mr. Vrindavan C. Pandey	Flat No. 702, Seventh Floor, Palm View Tower, Opposite Shobhananagar, Vasna Road, Vadodara, Gujarat, India	Fair Market Value: Rs. 6.800 Million Realizable Value: Rs. 6.120 Million

24.09.2014	Mr. Mathuraprasad Chandrabhan Pandey	Office No. 806, Eighth Floor, Dwarkesh Complex, Beside Hotel Welcome, R.C. Dutt Road, Alkapuri, Vadodara, Gujarat, India	Fair Market Value: Rs. 3.655 Million Realizable Value: Rs. 3.290 Million

--	Transwind Communications and Electronics Private Limited	Unit No. 74, Seventh Floor, New York Tower-A, Opposite Muktidham Derasar, Near Thaltej Cross Road, Thaltej, Ahmedabad, Gujarat, India	Fair Market Value: Rs. 9.276 Million Realizable Value: Rs. 8.370 Million Forced/ Distress Sale Value: Rs. 7.400 Million Government Guideline Value (Jantri Value): Rs. 2.700 Million

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INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10553653	10/03/2015	40,000,000.00	BANK OF BARODA	1, GROUND FLOOR, JYOTI COMPLEX,, NR. PAREKHS HOSPITAL, SHYAMAL CROSS ROADS, SATELLITE, AHMEDABAD, GUJARAT - 380006, INDIA	C45901907
2	10535562	18/11/2014	2,050,000.00	AXIS BANK LIMITED	TRISHUL 3RD FLOOR OPP SAMARTHESHWAR TEMPLE, LAW GARDEN ELLISBRIDGE, AHMEDABAD, GUJARAT - 380006, INDIA	C36115038
3	10502141	05/05/2014	3,232,000.00	AXIS BANK LIMITED	TRISHUL 3RD FLOOR OPP SAMARTHESHWAR TEMPLE, LAW G ARDEN ELLISBRIDGE, AHMEDABAD, GUJARAT - 380006, INDIA	C06191290
4	10453469	14/10/2013	5,660,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI, MAHARASHTRA - 400013, INDIA	B86844701
5	10441480	11/06/2013	4,881,000.00	AXIS BANK LIMITED	RAC AHMEDABAD, CV/ CE DEPARTMENT, 4TH FLOOR, SHIV ALIK ISHAN, NR. C. N. VIDHYALAYA, AMBAWADI, AHMEDABAD, GUJARAT - 380006, INDIA	B81217515
6	10398356	22/12/2012	7,599,750.00	AXIS BANK LIMITED	RAC AHMEDABAD, CV/ CE DEPARTMENT, 4TH FLOOR, SHIV ALIK ISHAN, NR. C. N. VIDHYALAYA, AMBAWADI, AHMEDA BAD, GUJARAT - 380006, INDIA	B66296930
7	10365897	26/06/2012	7,600,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA	B43772862
8	10364227	06/06/2012	10,260,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W , MUMBAI, MAHARASHTRA - 400013, INDIA	B43086461
9	10292586	15/05/2011	4,410,000.00	SREI EQUIPMENT FINANCE PRIVATE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA	B15140254
10	10033019	30/03/2015 *	2,712,800,000.00	STATE BANK OF INDIA (SBI CONSORTIUM)	SARKHEJ GANDHINAGAR HIGHWAY ROAD BRANCH, 1, ZODIAC SQUARE, OPP. GURUDWARA, S G ROAD, AHMEDABAD, GUJARAT - 380054, INDIA	C50586296

* Date of charge modification

REVIEW OF OPERATION

The Company has achieved tremendous growth during the year under review. The turnover of the Company has reached to 3267.628 Million during the year under review, which has showed an increment of about 32.93% of turnover as compared with the previous financial year. The other income of the company for the said period reached 16.040 Million as compared with 12.290 Million of previous year. The PBIDT level has also shown growth. It is 211.832 Million for period as compared to 161.606 Million for the Previous Year, which shows growth of 31.08% as compared to last financial year. One of the reasons for increase in EBIDTA and Net profit was cost cutting in work execution expenses, lower financial charges and lower operating cost of each site. The Net Profit of the Company zoomed to 164.200 Million as against 125.300 Million a notable upward trend of about almost 25% increase in net profit on year to year comparatives.

FINANCE

During the year, the company has enjoyed various credit facilities to the tune of 180 Crores from State Bank of India (as a lead banker) and Bank of Baroda (consortium finance) for financing the assets of the company and to meet the liquidity requirements of the company for the smooth and efficient running of the business of the company.

CONTINGENT LIABILITIES (AS ON 31.03.2014)

a. Disputed Demand of Income Tax Rs. 5.554 Million (P.Y. Rs. 8.046 Million).

b. Bank Guarantee given by Banks to Clients of Rs. 673.198 Million (P.Y. Rs. 474.518 Million).

c. Disputed Demand of Sales Tax of Rs. 1.650 Million (P.Y. Rs. 0.833 Million).

d. Disputed Demand of Service Tax of Rs. 46.755 Million (P. Y. Rs. Nil) against which the company has received stay order from CESTAT dated 28.10.2013 against demand of Service Tax and penalty of Rs. 40.390 Million on service rendered for construction of projects covered under JNNRUM where CESTAT has taken view that prima facie Service Tax Liability may not arise and as per stay order company also paid Rs. 0.500 Million under protest.

FIXED ASSETS

Tangible Assets

· Buildings

· Plant and Equipment

· Furniture and Fixtures

· Vehicles

· Office Equipment

· Computer Equipments

· Other Equipments

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 :	PPT

Analysis Done by :	KAR

Report Prepared by :	MRI

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILITY	1~10	6
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	6
--RESERVES	1~10	6
--CREDIT LINES	1~10	6
--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		54

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.