MIRA INFORM REPORT

Report No. :	335653
Report Date :	10.08.2015

IDENTIFICATION DETAILS

Name :	MALIND PROPERTIES PRIVATE LIMITED (w.e.f. 18.08.2010)
Formerly Known As :	KOI PROPERTIES PRIVATE LIMITED (w.e.f. 31.12.2008) MALIND PROJECTS PRIVATE LIMITED
Registered Office :	No-87-A, Purva Parkridge, Mahadevapura Post Garudacharpalya, Bangalore-560048, Karnataka
Tel. No.:	Not Available
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	08.11.2005
Com. Reg. No.:	01-062549
Capital Investment / Paid-up Capital :	Rs. 121.018 Million
CIN No.: [Company Identification No.]	U45200KA2005PTC062549
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	Not Available
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is the business of Builders, Developers, Real Estate Agents and Contractors for Construction or Demolition Work.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

B (28)

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

Maximum Credit Limit :	USD 348000
Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is established company having a moderate track record. Management of the company has failed to file the company’s financials record with the government department for the year ended 2014, 2013 and 2012. As per Registrar of Companies the date of balance sheet (i.e. financial filed) is shown as 31.03.2013 but the documents related to the financials are not been available from any sources. From the available financial for the year ended 2011, the company reported moderate financial risk profile mark by small scale of it operation followed by low profitability margin. However, trade relations are fair. Business is active. Payments terms are reported unknown. In view of unavailability of latest financial information, 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 – March 31, 2015

Country Name	Previous Rating (31.12.2014)	Current Rating (31.03.2015)
India	A1	A1

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

EXTERNAL AGENCY RATING

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 31-03-2013.

INFORMATION DENIED BY

Name :	Mr. Ajanth Reddy
Designation :	Marketing Manager
Contact No.:	91-80-32323123
Date :	07.08.2015

LOCATIONS

Registered Office :	NO-87-A, Purva Parkridge, Mahadevapura Post Garudacharpalya, Bangalore-560048, Karnataka, India
Tel. No.:	91-80-32323123
Fax No.:	Not Available
E-Mail :	ram.adapala@gmail.com ajanth.reddy@malind.in
Website :	http://www.malind.in

DIRECTORS

AS ON 18.05.2013

Name :

Mr. Dinanand Adapala

Designation :

Managing Director

Address :

Adarsha Palm Retreat, Villa No. 345, Devarabisana Halli, Behind Intel, Bangalore-560037, Karnataka, India

Date of Birth/Age :

05.09.1971

Date of Appointment :

09.03.2013

DIN No.:

02689814

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	U45203KA2009PTC051252	IND-AUS INFRASTRUCTURE PRIVATE LIMITED	Director	22-10-2009	22-10-2009	Active	NO
2	U72200KA2010PTC055725	INDAUS SOFTWARE SOLUTIONS PRIVATE LIMITED	Director	02-11-2010	02-11-2010	Active	NO
3	U45200KA2005PTC062549	MALIND PROPERTIES PRIVATE LIMITED	Managing director	09-03-2013	23-02-2013	Active	NO
4	U45205KA2014PTC076895	INDAUS CREXCEL DEVELOPERS PRIVATE LIMITED	Director	22-10-2014	22-10-2014	Active	NO
5	U72200KA2015PTC079035	INTAG TECHNOLOGIES PRIVATE LIMITED	Director	26-02-2015	26-02-2015	Active	NO

Name :

Mr. Murugayah Kanapaty

Designation :

Director

Address :

No 86, Jalan Cincin, Section 11, 40000 Shah Alam, Selangor D E, 40000, Malaysia

Date of Birth/Age :

13.08.1958

Date of Appointment :

08.11.2005

DIN No.:

01992179

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	U45200TG2005PTC047974	MVS DEVELOPERS PRIVATE LIMITED	Director	08-11-2005	08-11-2005	-	Active	NO
2	U45200KA2005PTC062549	MALIND PROPERTIES PRIVATE LIMITED	Director	08-11-2005	08-11-2005	-	Active	NO
3	U70102TG2006PTC049209	MASTERON PROJECTS PRIVATE LIMITED	Director	20-02-2006	20-02-2006	-	Active	NO
4	U45200TG2006PTC051731	DIJAYA MALIND PROJECTS (INDIA) PRIVATE LIMITED	Director	20-11-2006	20-11-2006	-	Active	NO
5	U40108TG2006PTC052021	RENOWN POWER PROJECT PRIVATE LIMITED	Director	18-12-2006	18-12-2006	-	Active	NO
6	U70102KA2007PTC041815	WINDSOR MALIND DEVELOPERS PRIVATE LIMITED	Director	19-02-2007	19-02-2007	08-11-2011	Active	NO
7	U45200TG2007PTC053158	MALIND INFRATECH PRIVATE LIMITED	Director	16-03-2007	16-03-2007	-	Active	NO
8	U70102TG2007FTC052930	DIJAYA-MALIND PROPERTIES (INDIA) PRIVATE LIMITED	Director	08-08-2008	24-09-2007	-	Active	NO
9	U40109KA2008PTC045280	ATLAS POWER INDIA PRIVATE LIMITED	Director	10-08-2009	02-04-2008	15-09-2011	Active	NO

KEY EXECUTIVES

Name :	Mr. Ajanth Reddy
Designation :	Marketing Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 18.05.2013

Names of Shareholders	No. of Shares
Sanjay Muniandy	5000
Kanapaty. A. Murugayah	5000
S. N. R. L. Investments Limited, Mauritius	1209180
Total	1219180

AS ON 18.05.2013

Equity Share Breakup	Percentage of Holding
Category
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others]	99.99
Other top fifty shareholders	0.01
Total	100.00

BUSINESS DETAILS

Line of Business :	Subject is the business of Builders, Developers, Real Estate Agents and Contractors for Construction or Demolition Work.
Brand Names :	--
Agencies Held :	--
Exports :	Not Divulged
Imports :	Not Divulged
Terms :	Not Divulged

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference:	Not Divulged
Name of the Person (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Maximum limit dealt:	Not Divulged
Experience:	Not Divulged
Remark	Not Divulged

Customers :

Reference:	Not Divulged
Name of the Person (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Maximum limit dealt:	Not Divulged
Experience:	Not Divulged
Remark	Not Divulged

No. of Employees :

Not Divulged

Bankers :

Bank Name:	Not Divulged
Branch:	Not Divulged
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 A/c Opening):	Not Divulged
Average Balance Maintained (Optional):	Not Divulged
Credit Facilities Enjoyed (CC/OD/Term Loan):	Not Divulged
Account Operation:	Not Divulged
Remarks:	Not Divulged

Facilities :

--

Banking Relations :	--
Auditors :
Name :	P. Murali and Company Chartered Accountants
Address :	No.361 13th Main, No.361 13th Main, Bangalore-560080, Karnataka, India
Tel. No.:	91-80-23613743
Fax No.:	91-80-23616209
E-Mail :	blrpmurali@gmail.com
Income-tax PAN of auditor or auditor's firm :	AADFP2033K
Memberships :	--
Collaborators :	--
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

AS ON 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
2000000	Equity Shares	Rs. 10/- each	Rs. 20.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1219180	Equity Shares	Rs. 10/- each	Rs. 12.192 Million

AS ON 31.03.2011

Authorised Capital : Not Available

Issued, Subscribed & Paid-up Capital : Rs. 121.018 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011	31.03.2010	31.03.2009
SHAREHOLDERS FUNDS
1] Share Capital		121.018	121.018	121.018
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		0.917	0.902	0.378
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		121.935	121.920	121.396
LOAN FUNDS
1] Secured Loans		0.000	0.000	0.000
2] Unsecured Loans		98.902	54.141	54.141
TOTAL BORROWING		98.902	54.141	54.141
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		220.837	176.061	175.537
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		7.636	0.396	0.384
Capital work-in-progress
INVESTMENT		21.700	21.500	15.000
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000	0.000	0.000
	Sundry Debtors	0.000	0.000	0.000
	Cash & Bank Balances	10.665	7.931	36.965
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	169.833	140.158	117.570
Total Current Assets		180.498	148.089	154.535
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.000	0.000	0.000
	Current Liabilities and Provisions	1.520	0.282	0.191
Total Current Liabilities		1.520	0.282	0.191
Net Current Assets		178.978	147.807	154.344
MISCELLANEOUS EXPENSES		12.523	6.358	5.809
TOTAL		220.837	176.061	175.537

PROFIT & LOSS ACCOUNT

PARTICULARS	31.03.2011	31.03.2010	31.03.2009
INCOME	0.351	1.441	1.268
PROFIT	0.021	0.759	0.547

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2011	31.03.2010	31.03.2009
Current Maturities of Long term debt	NA	NA	NA
Cash Generated from Operations	NA	NA	NA
Net Cash Flow from used in Operations	NA	NA	NA

KEY RATIOS

PARTICULARS	31.03.2011	31.03.2010	31.03.2009
Debt Equity Ratio (Total Liability/Networth)	0.81	0.44	0.45
Current Ratio (Current Asset/Current Liability)	1.81	2.73	2.85

Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2009	31.03.2010	31.03.2011
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	121.018	121.018	121.018
Reserves & Surplus	0.378	0.902	0.917
Net worth	121.396	121.920	121.935
Secured Loans	0.000	0.000	0.000
Unsecured Loans	54.141	54.141	98.902
Total borrowings	54.141	54.141	98.902
Debt/Equity ratio	0.446	0.444	0.811

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2009	31.03.2010	31.03.2011
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Income	1.268	1.441	0.351
		13.644	(75.642)

NET PROFIT MARGIN

Net Profit Margin	31.03.2009	31.03.2010	31.03.2011
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Income	1.268	1.441	0.351
Profit	0.547	0.759	0.021
	43.14%	52.67%	5.98%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check list by info agents	Available in Report (Yes/No)
1	Year of establishment	Yes
2	Constitution of the entity -Incorporation details	Yes
3	Locality of the entity	Yes
4	Premises details	No
5	Buyer visit details	--
6	Contact numbers	Yes
7	Name of the person contacted	Yes
8	Designation of contact person	Yes
9	Promoter’s background	Yes
10	Date of Birth of Proprietor / Partners / Directors	Yes
11	Pan Card No. of Proprietor / Partners	No
12	Voter Id Card No. of Proprietor / Partners	No
13	Type of business	Yes
14	Line of Business	Yes
15	Export/import details (if applicable)	No
16	No. of employees	No
17	Details of sister concerns	No
18	Major suppliers	No
19	Major customers	No
20	Banking Details	No
21	Banking facility details	No
22	Conduct of the banking account	--
23	Financials, if provided	Yes
24	Capital in the business	Yes
25	Last accounts filed at ROC, if applicable	No
26	Turnover of firm for last three years	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last three years	Yes
30	Major shareholders, if available	Yes
31	External Agency Rating, if available	No
32	Litigations that the firm/promoter involved in	--
33	Market information	--
34	Payments terms	No
35	Negative Reporting by Auditors in the Annual Report	No

INDEX OF CHARGES NO CHARGES EXIST FOR COMPANY

UNSECURED LOANS

PARTICULARS	31.03.2014 (Rs. In Million)	31.03.2013 (Rs. In Million)
Unsecured Loan	98.902	54.141
Total	98.902	54.141

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. 63.81
UK Pound	1	Rs. 98.93
Euro	1	Rs. 69.66

INFORMATION DETAILS

Information Gathered by :	PPT
Analysis Done by :	KAS
Report Prepared by :	IND

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	NO
--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		28

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.