MIRA INFORM REPORT

Report No. :	319582
Report Date :	30.04.2015

IDENTIFICATION DETAILS

Name :	ARCHITA INFRAPROJECTS PRIVATE LIMITED

Registered Office :	Shop No. 6, FIJI Building, Pacific Enclave, Opp. IIT Main Gate, Near Hiranandani Hospital, Powai, Mumbai – 400076, Maharashtra
Tel No :	91-22-65910433 / 25791630

Country :	India

Financials (as on) :	31.03.2014

Date of Incorporation :	10.06.2008

Com. Reg. No.:	11-183371

Capital Investment / Paid-up Capital :	Rs.0.100 Million

CIN No.: [Company Identification No.]	U45200MH2008PTC183371

IEC No.:	Not Available

TAN No.: [Tax Deduction & Collection Account No.]	MUMA37186C

PAN No.: [Permanent Account No.]	AAHCA5429K

Legal Form :	Private Limited Liability Company

Line of Business :	Construction Activity.

No. of Employees :	Information denied by the management.

RATING & COMMENTS

MIRA’s Rating :

B (31)

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

Maximum Credit Limit :	USD 28000

Status :	Moderate

Payment Behaviour :	Slow but Correct

Litigation :	Clear

Comments :	Subject is an established company having moderate track record. External borrowing recorded by the company are huge which may further acts as a threat to the liquidity position of the company. However, trade relations are reported as fair. Business is active. Payments terms are reported to be slow but correct. The company can be considered for business dealings with some caution.

NOTES :

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

ECGC Country Risk Classification List – 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	Not Available
Rating	Not Available
Rating Explanation	Not Available
Date	Not Available

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2014.

INFORMATION DECLINED

Management non co-operative

LOCATIONS

Registered Office :	Shop No. 6, FIJI Building, Pacific Enclave, Opp. IIT Main Gate, Near Hiranandani Hospital, Powai, Mumbai – 400076, Maharashtra, India
Tel. No.:	91-22-65910433 / 25791630
Fax No.:	91-22-25791630
E-Mail :	architainfra@yahoo.com
Website :	www.architainfraprojects.com

DIRECTORS

As on : 29.09.2014

Name :

Mr. Chetraj Narbahadur Khadka

Designation :

Director

Address :

A-603, Blue Nile, Pacific Enclave, Near Hiranandani Hospital, Powai, Mumbai-400076, Maharashtra, India

Date of Birth/Age :

01.03.1971

Date of Appointment :

10.06.2008

DIN No.:

01191780

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	U45200MH2008PTC183371	ARCHITA INFRAPROJECTS PRIVATE LIMITED	Director	10/06/2008	10/06/2008	-	Active	NO
2	U40108MH2008PTC186671	SUYOG URJA PRIVATE LIMITED	Director	29/09/2012	06/03/2012	-	Active	NO

Name :

Mrs. Aarti Chetraj Khadka

Designation :

Director

Address :

A-603, Blue Nile, Pacific Enclave, Near Hiranandani Hospital, Powai, Mumbai-400076, Maharashtra, India

Date of Birth/Age :

12.03.1973

Date of Appointment :

10.06.2008

DIN No.:

01355293

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	U45200MH2008PTC183371	ARCHITA INFRAPROJECTS PRIVATE LIMITED	Director	10/06/2008	10/06/2008	09/10/2014	Active	NO
2	U40108MH2008PTC186671	SUYOG URJA PRIVATE LIMITED	Additional director	30/09/2012	30/09/2012	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on : 29.09.2014

Names of Shareholders	No. of Shares	%age
Chetraj Narbahadur Khadka	5000	50.00
Aarti Chetraj Khadka	5000	50.00
Total	10000	100.00

As on : 29.09.2014

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Construction Activity.

Products :	Not Available

Brand Names :	Not Available

Agencies Held :	Not Available

Exports :	Not Divulged

Imports :	Not Divulged

Terms :	Not Divulged

GENERAL INFORMATION

Suppliers :

Alif Enterprises
Avinash Enterprises
Bande Namaj Basu Shaikh
Indrayani Construction Company
J.K Construction
Mantech Technical Services
Progressive Infradevelopers
R.R.M. Construction
Suresh Enterprises Private Limited
Kisan Moulding Limited
Kishor Sand Supply Company
M.K Steel Corporation
Tejas Infrastructure
Tata Docomo
Gorantla Geosynthetics Private Limited
Enar Stel
Kisan Irrigation Limited
Kwality Tyres Limited

Customers :

Asian Paints Limited
Country Club India
Financial Technologies Limited
Neptune Developers Limited
Rajeev Sharma
Ret. Money-Aamby Valley Limited
Sterling and Wilson Limited
Suyog Urja Private Limited (Dr)
Sunil mantra Realty
Supreme Infrastructure
Swastik Associares\Aaayu Energy LLP
Windworld India Limited

No. of Employees :

Information denied by the management.

Bankers :

Banker Name	Karnataka Bank Limited
Branch Address	Powai Branch, Gateway Plaza Building, Central avenue, Hiranandani Garden, Powai, Mumbai – 400076, Maharashtra, India
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
Name of Account Holder	Not Divulged
Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

Facilities :

(Rs. In Million)

SECURED LOAN	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWING
Dpn Loan from Karnataka Bank-314	0.000	2.715
Dpn Loan from Karnataka Bank-329	11.451	17.451
Term loan from Bajaj Finance	0.000	1.020
Term loan from HDFC Bank - 14571	0.237	0.340
Term loan from Industrial Bank	0.703	6.524
Term loan from HDFC Bank - 279411	0.000	1.127
Term loan from Religare finvest Limited	0.000	1.678
Term loan from Tata Capital Limited	0.000	0.359
Term loan from KBL 269	0.771	1.100
Term loan from KBL 608	0.000	1.575
Term loan from KBL 270	0.000	0.394
Term loan from L and T Finance-276600	0.000	2.097
Term loan from L and T Finance-92000	0.000	0.178
Term loan from L and T Finance-61100	0.000	0.102
Term loan from L and T Finance-89900	0.000	0.072

SHORT TERM BORROWING
Karnataka Bank O/d A/c 11401	31.042	30.993

Total	44.204	67.725

Auditors :
Name :	Dilip Bramhecha and Associates Chartered Accountant
Address :	902/B, Shimmering Heights, Powai Vihar Complex, Powai, Mumbai – 400076, Maharashtra, India
PAN No.:	AACPB9580G

Memberships :	Not Available

Collaborators :	Not Available

Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

As on : 29.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount

1000000	Equity Shares	Rs.10/- each	Rs.10.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

10000	Equity Shares	Rs.10/- each	Rs.0.100 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014	31.03.2013	31.03.2012

I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.100	0.100	0.100
(b) Reserves & Surplus	9.843	6.066	2.713
(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)	9.943	6.166	2.813

(3) Non-Current Liabilities
(a) long-term borrowings	13.162	36.732	47.680
(b) Deferred tax liabilities (Net)	0.016	0.000	0.000
(c) Other long term liabilities	0.126	4.721	45.436
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	13.304	41.453	93.116

(4) Current Liabilities
(a) Short term borrowings	31.042	30.993	0.000
(b) Trade payables	16.775	11.243	10.667
(c) Other current liabilities	0.000	0.000	0.000
(d) Short-term provisions	2.483	3.315	2.141
Total Current Liabilities (4)	50.300	45.551	12.808

TOTAL	73.547	93.170	108.737

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	17.387	32.620	28.462
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.000	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.367	0.000
(d) Long-term Loan and Advances	0.000	0.000	0.000
(e) Other Non-current assets	0.008	0.011	0.071
Total Non-Current Assets	17.395	32.998	28.533

(2) Current assets
(a) Current investments	6.898	8.291	9.542
(b) Inventories	10.650	11.922	23.372
(c) Trade receivables	24.115	32.783	33.768
(d) Cash and cash equivalents	0.063	0.964	0.726
(e) Short-term loans and advances	10.893	1.700	10.376
(f) Other current assets	3.533	4.512	2.420
Total Current Assets	56.152	60.172	80.204

TOTAL	73.547	93.170	108.737

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income	124.017	113.168	79.712
	Other Income	1.146	0.830	0.534
	TOTAL (A)	125.163	113.998	80.246

Less	EXPENSES
	Cost of Materials Consumed	77.025	79.083	49.393
	Employees benefits expense	6.279	6.240	0.094
	Other expenses	23.420	7.851	9.828
	TOTAL (B)	106.724	93.174	59.315

Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	18.439	20.824	20.931

Less	FINANCIAL EXPENSES (D)	9.040	10.728	11.606

	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	9.399	10.096	9.325

Less/ Add	DEPRECIATION/ AMORTISATION (F)	3.575	5.346	5.288

	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	5.824	4.750	4.037

Less	TAX (I)	2.047	1.398	0.000

	PROFIT/ (LOSS) AFTER TAX (G-I) (J)	3.777	3.352	4.037

	Earnings / (Loss) Per Share (Rs.)	377.70	335.23	403.62

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
PARTICULARS
Net Profit Margin (PAT/Sales)	(%)	3.05	2.96	5.06

Operating Profit Margin (PBITD/Sales)	(%)	14.87	18.40	26.26

Return on Total Assets (PBT/Total Assets}	(%)	7.92	5.12	3.71

Return on Investment (ROI) (PBT/Networth)		0.59	0.77	1.44

Debt Equity Ratio (Total Debt /Networth)		4.45	10.98	16.95

Current Ratio (Current Asset/Current Liability)		1.12	1.32	6.26

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	0.100	0.100	0.100
Reserves & Surplus	2.713	6.066	9.843
Net worth	2.813	6.166	9.943

long-term borrowings	47.680	36.732	13.162
Short term borrowings	0.000	30.993	31.042
Total borrowings	47.680	67.725	44.204
Debt/Equity ratio	16.950	10.984	4.446

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	80.246	113.998	125.163
		42.061	9.794

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	80.246	113.998	125.163
Profit	4.037	3.352	3.777
	5.03%	2.94%	3.02%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	No
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	---------
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	No
17]	Major suppliers	Yes
18]	Major customers	Yes
19]	Payments terms	No
20]	Export / Import details (if applicable)	No
21]	Market information	-----------
22]	Litigations that the firm / promoter involved in	-----------
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	-----------
26]	Buyer visit details	-----------
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10376695	30/08/2014 *	70,000,000.00	Karnataka Bank Limited	Powai Branch, Gateway Plaza Building, Central Avenue, Hiranandani Garden, Powai, Mumbai 400076,, Maharashtra - INDIA	C31968670

* Date of charge modification

FIXED ASSETS

Batching Plant
Caterpillar
Computer
Crawller Drill
Diesel Generator Set
Dozer
Furniture and Fixture
Laptop
Motor Car
Office equipment
Plant and machinery
Printer Machine
Soil Compactor
Toyota Fortuner

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.63.20
UK Pound	1	Rs.97.00
Euro	1	Rs.69.33

INFORMATION DETAILS

Analysis Done by :	DIV

Report Prepared by :	SUJ

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILITY	1~10	4
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	5
--CREDIT LINES	1~10	3
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		31

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

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

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

RATING EXPLANATIONS

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

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

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

MIRA INFORM REPORT

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