MIRA INFORM REPORT

Report No. :	353865
Report Date :	12.12.2015

IDENTIFICATION DETAILS

Name :	PIL INDUSTRIES LIMITED [w.e.f.06.12.2010]
Formerly Known As :	BANSI TEXTILE INDUSTRIES PRIVATE LIMITED PANTALOON INDUSTRIES LIMITED
Registered Office :	Knowledge House, Shyam Nagar, Off Jogeshwar-Vkrol Link Road, Jogeshwari (East), Mumbai – 400060, Maharashtra
Tel. No.:	91-22-66442200
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	15.07.1987
Com. Reg. No.:	11-044078
Capital Investment / Paid-up Capital :	Rs.82.181 Million
CIN No.: [Company Identification No.]	U99999MH1987PLC044078
IEC No.:	Not Divulged
TAN No.: [Tax Deduction & Collection Account No.]	MUMP16930E
PAN No.: [Permanent Account No.]	AABCP9866D
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Subject is engaged in the Design, Manufacture, and Trade of Fabrics [From Indirect Sources]
No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

B (29)

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

Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	PIL Industries Limited (formerly Pantaloon Industries Limited), a part of the Future group, was incorporated in 15^th July, 1987 It is an established company having moderate track. As per Registrar of companies the date of balance sheet (i.e., financial filed) is shown as 31.03.2015 but the documents related to the financial for the year 2015 are not available from any sources. As per available financial of 2014, the company has huge accumulated losses which has fully eroded its entire networth. Trade relations are reported as fair. Business is active. Payment terms are reported as slow but correct. In view of experienced promoters and established track record of group, the company can be considered normal for business dealings with same 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

Rating Agency Name	ICRA
Rating	Long Term Loans = BB+
Rating Explanation	Moderate risk of default
Date	January, 2015

RBI DEFAULTERS’ LIST STATUS

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

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2015.

INFORMATION DENIED

MANAGEMENT NON CO-OPERATIVE [Tel No. 91-22-66442200]

LOCATIONS

Registered Office :	Knowledge House, Shyam Nagar, Off Jogeshwar-Vkrol Link Road, Jogeshwari (East), Mumbai – 400060, Maharashtra, India
Tel. No.:	91-22-66442200
Fax No.:	91-22-30842201
E-Mail :	roc.info@futuregroup.in vijay.rathi@futuregroup.in

DIRECTORS

AS ON 31.03.2015

Name :

Mr. Vijay Laxminarayan Biyani

Designation :

Director

Address :

305, Jeevan Vihar, Manav Mandir Road, Malabhar Hill, Mumbai - 400006, Maharashtra, India

Date of Birth/Age :

04.07.1959

Qualification :

Graduate

Date of Appointment :

25.09.2009

DIN No.:

00005827

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	U99999MH1987PLC044078	PIL INDUSTRIES LIMITED	Director	25/09/2009	01/10/1991	-	Active	NO
2	U51900MH1995PTC092583	IMAGE COMMERCIALS PRIVATE LIMITED	Director	12/09/1995	12/09/1995	30/05/2007	Active	NO
3	U55200MH2000PTC124192	OFFBEAT DEVELOPERS PRIVATE LIMITED	Director	29/09/2006	15/05/2000	04/03/2010	Active	NO
4	U17120MH1984PTC032719	FUTURE REALTORS INDIA PRIVATE LIMITED	Director	23/11/2000	23/11/2000	-	Amalgamated	NO
5	U45200MH2004PLC146312	KB MALL MANAGEMENT COMPANY LIMITED	Director	14/05/2004	14/05/2004	30/12/2008	Amalgamated	NO
6	U70100MH2004PTC148031	NIYMAN MALL MANAGEMENT COMPANY PRIVATE LIMITED	Director	16/08/2004	16/08/2004	30/08/2012	Active	NO
7	U65990MH1994PTC076728	VARNISH TRADING PRIVATE LIMITED	Director	30/09/2009	25/08/2004	-	Amalgamated	NO
8	L51900MH1981PLC025354	IDREAM FILM INFRASTRUCTURE COMPANY LIMITED	Director	22/11/2005	22/11/2005	31/07/2008	Active	NO
9	U72900MH2000PTC126232	GRACEWORKS REALTY AND LEISURE PRIVATE LIMITED	Director	15/05/2006	15/05/2006	25/03/2009	Active	NO
10	U93000MH2002PLC135478	AHA PARKS LIMITED	Director	23/05/2006	23/05/2006	25/10/2008	Active	NO
11	U17110MH2004PTC043441	ESES COMMERCIALS PRIVATE LIMITED	Director	25/08/2006	25/08/2006	28/09/2015	Active	NO
12	U70100MH2005PTC156874	UTSAV MALL MANAGEMENT COMPANY PRIVATE LIMITED	Director	20/01/2007	20/01/2007	-	Active	NO
13	U51909MH2005PTC151869	SPRINT ADVISORY SERVICES PRIVATE LIMITED	Director	06/08/2007	16/03/2007	-	Active	NO
14	U45200MH2005PTC157267	SHENDRA ADVISORY SERVICES PRIVATE LIMITED	Director	06/08/2007	16/03/2007	-	Active	NO
15	U66010MH2006PLC165288	FUTURE GENERALI INDIA LIFE INSURANCE COMPANY LIMITED	Director	23/11/2007	16/03/2007	18/12/2013	Active	NO
16	U66030MH2006PLC165287	FUTURE GENERALI INDIA INSURANCE COMPANY LIMITED	Director	23/11/2007	16/03/2007	-	Active	NO
17	U45200MH2007PTC168000	KUBER MALL MANAGEMENT PRIVATE LIMITED	Director	19/08/2008	15/12/2007	-	Active	NO
18	U70102MH2007PTC167996	KESARI REALTY PRIVATE LIMITED	Director	19/08/2008	15/12/2007	-	Active	NO
19	U70200MH2007PTC168047	MAHABAL REALTY PRIVATE LIMITED	Additional director	02/02/2008	15/12/2007	02/04/2008	Active	NO
20	U45200MH2007PTC168052	VAYUPUTRA REALTY PRIVATE LIMITED	Additional director	02/02/2008	15/12/2007	02/04/2008	Active	NO
21	U17291MH2007GOI195397	APOLLO DESIGN APPAREL PARKS LIMITED	Director	22/12/2008	22/12/2007	26/12/2013	Active	NO
22	U74999MH2007PTC167999	AMAN SYNTEX PRIVATE LIMITED	Director	19/08/2008	31/03/2008	27/02/2010	Active	NO
23	U93090MH2007PTC168048	HOLII ACCESSORIES PRIVATE LIMITED	Director	21/08/2008	31/03/2008	30/04/2009	Active	NO
24	U45200MH2007PTC168069	FESTIVE REALTY PRIVATE LIMITED	Director	21/08/2008	31/03/2008	21/09/2012	Active	NO
25	U70200MH2007PTC170246	VISHNU MALL MANAGEMENT PRIVATE LIMITED	Director	23/10/2008	31/03/2008	-	Amalgamated	NO
26	U74140MH2007PTC175603	SUHANI TRADING AND INVESTMENT CONSULTANTS PRIVATE LIMITED	Director	30/12/2008	31/03/2008	16/05/2011	Active	NO
27	L52399MH1987PLC044954	FUTURE RETAIL LIMITED	Whole-time director	26/09/2014	26/09/2009	-	Active	NO
28	U51100MH2005PLC156856	FUTURE CORPORATE RESOURCES LIMITED	Director	30/09/2010	08/04/2010	-	Active	NO
29	U17100MH2004PTC143809	DHANSHREE FASHIONS PRIVATE LIMITED	Director	30/09/2010	26/05/2010	-	Active	NO
30	U45202MH2010PTC207208	TANUSHRI INFRASTRUCTURE PRIVATE LIMITED	Director	24/08/2011	14/09/2010	-	Converted to LLP and dissolved	NO
31	U45202MH2010PTC206996	U-PHASE INFRAPROJECTS PRIVATE LIMITED	Director	24/08/2011	14/09/2010	17/01/2014	Active	NO
32	U45200MH2010PTC207153	LIQUID FOOT INFRAPROJECTS PRIVATE LIMITED	Director	24/08/2011	14/09/2010	-	Converted to LLP and dissolved	NO
33	U74999MH2011PTC222911	NIMBI JODHA TRADING AND FINVEST PRIVATE LIMITED	Additional director	10/06/2013	10/06/2013	-	Active	NO
34	AAA-6314	LIQUID FOOT INFRAPROJECTS LLP	Designated Partner	21/09/2011	21/09/2011	-	Active	NO
35	AAA-6413	TANUSHRI INFRASTRUCTURE LLP	Designated Partner	28/09/2011	28/09/2011	-	Active	NO

Name :

Mr. Anil Laxminarayan Biyani

Designation :

Director

Address :

305, Jeevan Vihar, Manav Mandir Road, Malabhar Hill, Mumbai - 400006, Maharashtra, India

Date of Birth/Age :

13.12.1963

Qualification :

Graduate

Date of Appointment :

01.04.2010

DIN No.:

00005834

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	U99999MH1987PLC044078	PIL INDUSTRIES LIMITED	Director	01/04/2010	01/10/1991	-	Active	NO
2	U70100MH2004PTC148033	NISHTA MALL MANAGEMENT COMPANY PRIVATE LIMITED	Director	16/08/2004	16/08/2004	-	Active	NO
3	U70100MH2004PTC148031	NIYMAN MALL MANAGEMENT COMPANY PRIVATE LIMITED	Director	22/04/2005	22/04/2005	30/08/2012	Active	NO
4	U70100MH2005PTC151972	ACUTE REALTY PRIVATE LIMITED	Director	20/06/2005	20/06/2005	18/06/2012	Active	NO
5	U70100MH2005PTC153677	ANCHOR RESIDENCY PRIVATE LIMITED	Director	20/06/2005	20/06/2005	-	Amalgamated	NO
6	U70101MH2005PTC153688	NAMAN MALL MANAGEMENT COMPANY PRIVATE LIMITED	Director	20/06/2005	20/06/2005	01/09/2010	Active	NO
7	U70100MH2005PTC155196	BLB MALL MANAGEMENT COMPANY PRIVATE LIMITED	Director	08/08/2005	08/08/2005	15/04/2009	Active	NO
8	U70100MH2005PTC155102	SRISHTI MALL MANAGEMENT COMPANY PRIVATE LIMITED	Director	10/08/2005	10/08/2005	-	Active	NO
9	U70100MH2005PTC155104	UNIQUE MALLS PRIVATE LIMITED	Director	10/08/2005	10/08/2005	03/07/2012	Active	NO
10	U74900MH1996PLC097943	FUTURE CORPORATE RESOURCES LIMITED	Director	30/09/2009	25/10/2005	-	Amalgamated	NO
11	L51900MH1981PLC025354	IDREAM FILM INFRASTRUCTURE COMPANY LIMITED	Director	22/11/2005	22/11/2005	31/03/2008	Active	NO
12	U17100MH1994PLC083596	WEAVETTE TEXSTYLES LIMITED	Director	28/02/2006	28/02/2006	-	Amalgamated	NO
13	U93000MH2002PLC135478	AHA PARKS LIMITED	Director	23/05/2006	23/05/2006	15/07/2008	Active	NO
14	U70100MH2005PTC151439	ISKRUPA MALL MANAGEMENT COMPANY PRIVATE LIMITED	Director	30/06/2006	30/06/2006	29/03/2008	Active	NO
15	U28920MH2000PLC126290	STRIPES APPARELS LIMITED	Director	23/03/2007	23/03/2007	-	Amalgamated	NO
16	U18100MH2002PTC136468	BIBA APPARELS PRIVATE LIMITED	Nominee director	05/06/2007	05/06/2007	20/09/2013	Active	NO
17	U52190MH1999PTC258831	PLANET RETAIL HOLDINGS PRIVATE LIMITED	Director	28/09/2007	27/07/2007	10/06/2010	Active	NO
18	U51909MH2004PTC144105	SANKALP RETAIL VALUE STORES PRIVATE LIMITED	Director	30/09/2008	26/10/2007	01/02/2010	Active	NO
19	U17291MH2007GOI195402	GOLDMOHUR DESIGN AND APPAREL PARK LIMITED	Additional director	18/05/2015	22/12/2007	-	Active	NO
20	U51101MH2010PTC207147	WHITE CIRCLE MERCANTILE PRIVATE LIMITED	Director	20/08/2011	14/09/2010	17/01/2014	Active	NO
21	U51101MH2010PTC207091	KAVI SALES AGENCY PRIVATE LIMITED	Director	20/08/2011	14/09/2010	-	Converted to LLP and dissolved	NO
22	U52100MH2010PTC207383	BRAHMABRATA TRADING PRIVATE LIMITED	Director	20/08/2011	14/09/2010	-	Converted to LLP and dissolved	NO
23	U51595MH2010PTC207319	GARGI BUSINESS VENTURES PRIVATE LIMITED	Director	20/09/2011	20/09/2011	-	Active	NO
24	U55101MH2007PTC172953	FUTURE HOSPITALITY PRIVATE LIMITED	Director	30/09/2015	29/09/2011	-	Active	NO
25	U51100MH2005PLC156856	FUTURE CORPORATE RESOURCES LIMITED	Whole-time director	01/10/2014	01/10/2011	-	Active	NO
26	U72900MH2007PLC174787	NUFUTURE DIGITAL (INDIA) LIMITED	Director	29/09/2012	21/02/2012	12/08/2015	Active	NO
27	U74120MH2011PTC222266	RED BERRY INTERNATIONAL DISTRIBUTORS PRIVATE LIMITED	Director	21/02/2012	21/02/2012	18/10/2012	Active	NO
28	L17120MH1987PLC042424	KAMADGIRI FASHION LIMITED	Director	18/09/2012	29/05/2012	-	Active	NO
29	U45200MH2007PTC168069	FESTIVE REALTY PRIVATE LIMITED	Director	21/09/2012	21/09/2012	-	Active	NO
30	U74999MH2007PLC166866	STAPLES FUTURE OFFICE PRODUCTS LIMITED	Director	29/11/2013	19/08/2013	-	Active	NO
31	U72100MH1999PLC120600	PRTL ENTERPRISES LIMITED	Director	30/09/2015	14/02/2015	-	Active	NO
32	U74120MH2012PTC231350	RYKA COMMERCIAL VENTURES PRIVATE LIMITED	Director	30/09/2015	04/07/2015	-	Active	NO
33	AAA-6313	KAVI SALES AGENCY LLP	Designated Partner	21/09/2011	21/09/2011	-	Active	NO
34	AAA-6388	BRAHMABRATA TRADING LLP	Designated Partner	27/09/2011	27/09/2011	-	Active	NO

Name :

Mr. Sunil Gopikishan Biyani

Designation :

Director

Address :

304, Jeevan Vihar, Manav Mandir Road, Malabhar Hill, Mumbai - 400006, Maharashtra, India

Date of Birth/Age :

24.10.1969

Qualification :

Graduate

Date of Appointment :

01.04.2010

DIN No.:

00006583

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	U17120MH1984PTC032719	FUTURE REALTORS INDIA PRIVATE LIMITED	Director	15/09/1988	15/09/1988	-	Amalgamated	NO
2	U99999MH1987PLC044078	PIL INDUSTRIES LIMITED	Director	01/04/2010	01/10/1991	-	Active	NO
3	U70100MH2004PTC148032	BARTRAYA MALL DEVELOPMENT COMPANY PRIVATE LIMITED	Director	16/08/2004	16/08/2004	-	Active	NO
4	L51900MH1981PLC025354	IDREAM FILM INFRASTRUCTURE COMPANY LIMITED	Director	22/11/2005	22/11/2005	31/03/2008	Active	NO
5	U28920MH2000PLC126290	STRIPES APPARELS LIMITED	Director	30/09/2006	28/04/2006	-	Amalgamated	NO
6	U93000MH2002PLC135478	AHA PARKS LIMITED	Director	23/05/2006	23/05/2006	15/07/2008	Active	NO
7	U93020MH2006PTC166332	SPLENDOR FITNESS PRIVATE LIMITED	Director	28/09/2007	20/12/2006	-	Active	NO
8	U17291MH2007GOI195397	APOLLO DESIGN APPAREL PARKS LIMITED	Director	22/12/2008	22/12/2007	-	Active	NO
9	U70100MH2005PTC151439	ISKRUPA MALL MANAGEMENT COMPANY PRIVATE LIMITED	Director	29/03/2008	29/03/2008	20/05/2010	Active	NO
10	U51101DL2008PTC184935	STAR SHOPPING CENTRES PRIVATE LIMITED	Director	30/09/2009	17/04/2009	-	Active	NO
11	U51109MH2010PTC207475	WHITE KNIGHT MERCANTILE PRIVATE LIMITED	Director	23/08/2011	14/09/2010	-	Converted to LLP and dissolved	NO
12	U51101MH2010PTC207607	SHREE BALAJI MULTITRADING PRIVATE LIMITED	Director	23/08/2011	14/09/2010	16/08/2014	Active	NO
13	U51109MH2010PTC207436	OVIYA MULTITRADING PRIVATE LIMITED	Director	23/08/2011	14/09/2010	-	Converted to LLP and dissolved	NO
14	U45201MH2010PTC207691	NEEHARIKA INFRASTRUCTURE PRIVATE LIMITED	Additional director	01/10/2012	25/11/2010	18/09/2014	Active	NO
15	U45400MH2010PTC207806	SHREE BALAJI MALL MANAGEMENT SERVICE INDIA PRIVATE LIMITED	Director	31/10/2011	25/11/2010	01/02/2013	Active	NO
16	U93000MH2010PTC207670	MEDIC CREATIONS PRIVATE LIMITED	Director	31/10/2011	25/11/2010	01/02/2013	Active	NO
17	L51900MH1981PLC024988	GALAXY ENTERTAINMENT CORPORATION LIMITED	Director	28/09/2011	27/05/2011	-	Active	NO
18	U93000MH2011PTC218630	INDIAN FOOTBALL COACHING PRIVATE LIMITED	Director	14/06/2011	14/06/2011	01/02/2013	Active	NO
19	U52100TG2011PTC074650	MBS GEMS AND JEWELS PRIVATE LIMITED	Director	01/07/2011	01/07/2011	-	Active	NO
20	U74999TG2011PTC074399	MBS GOLD PRIVATE LIMITED	Director	01/07/2011	01/07/2011	-	Active	NO
21	U52390TG2011PTC074702	MBS SILVER PRIVATE LIMITED	Director	01/07/2011	01/07/2011	-	Active	NO
22	U55101AP2001PTC038022	LAILA HOTELS AND RESORTS PRIVATE LIMITED	Director	01/12/2011	01/12/2011	-	Active	NO
23	U74900MH2011PTC213709	SHREE BALAJI SELANGOR RETAIL PRIVATE LIMITED	Director	01/01/2012	01/01/2012	01/02/2013	Active	NO
24	U70102MH2007PTC173373	SHREE BALAJI UMBER PROPERTIES PRIVATE LIMITED	Additional director	15/03/2013	15/03/2013	18/09/2014	Active	NO
25	U70102MH2007PTC173944	SHREE BALAJI PARVAT VIEW PROPERTIES PRIVATE LIMITED	Additional director	15/03/2013	15/03/2013	18/09/2014	Active	NO
26	L45400MH2008PLC179914	FUTURE MARKET NETWORKS LIMITED	Managing director	27/09/2013	30/05/2013	-	Active	NO
27	U70109DL2006PTC152581	UTILITY DEVELOPERS PRIVATE LIMITED	Director	30/09/2013	20/06/2013	-	Active	NO
28	U74990MH2008PTC181061	F R RETAIL DESTINATION PRIVATE LIMITED	Director	30/09/2014	20/08/2013	01/10/2014	Active	NO
29	U15140TG1974PTC001713	INDUSTRIAL OIL PURIFICATION PVT LTD	Additional director	23/08/2013	23/08/2013	-	Active	NO
30	U70101MH2006PTC182014	BLUE BELL HEIGHTS PRIVATE LIMITED	Director	30/09/2015	31/03/2015	21/10/2015	Active	NO
31	U80904MH2011PTC219574	INDO - ITALIAN EDUCATION PRIVATE LIMITED	Additional director	06/08/2015	06/08/2015	04/11/2015	Active	NO
32	AAA-6311	WHITE KNIGHT MERCANTILE LLP	Designated Partner	21/09/2011	21/09/2011	-	Active	NO
33	AAA-6347	OVIYA MULTITRADING LLP	Designated Partner	23/09/2011	23/09/2011	-	Active	NO
34	AAA-6891	BIYANI CAPITAL RESOURCES LLP	Designated Partner	15/11/2011	15/11/2011	-	Active	NO
35	AAA-6892	GSR CAPITAL RESOURCES LLP	Designated Partner	15/11/2011	15/11/2011	-	Active	NO

Name :

Mr. Ajay Nemchand Dedhia

Designation :

Director

Address :

1, Shapoor Villa, 524/A, R.P. Masani Road, Matunga (Cr), Mumbai - 400019, Maharashtra, India

Date of Appointment :

30.09.2015

DIN No.:

01026077

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	U63090MH2002PTC136093	RONAK CLEARING AND FORWARDING PRIVATE LIMITED	Managing director	31/05/2002	31/05/2002	-	Active	NO
2	U63013MH2006PTC164461	AMIT CLEARING AND LOGISTIC PRIVATE LIMITED.	Managing director	11/09/2006	11/09/2006	-	Active	NO
3	U65900MH2006PLC159526	FUTURE IDEAS COMPANY LIMITED	Director	30/09/2015	23/03/2015	-	Active	NO
4	U99999MH1987PLC044078	PIL INDUSTRIES LIMITED	Director	30/09/2015	30/03/2015	-	Active	NO
5	U51595MH2010PTC207319	GARGI BUSINESS VENTURES PRIVATE LIMITED	Director	30/09/2015	30/03/2015	-	Active	NO
6	U51100MH2005PLC156856	FUTURE CORPORATE RESOURCES LIMITED	Director	30/09/2015	31/03/2015	-	Active	NO
7	U92490MH2006PTC166327	FUTURE ENTERTAINMENT PRIVATE LIMITED	Director	30/09/2015	31/03/2015	-	Active	NO
8	U55101MH2007PTC172953	FUTURE HOSPITALITY PRIVATE LIMITED	Director	30/09/2015	31/03/2015	-	Active	NO
9	U51101MH2007PLC175707	WEAVETTE BUSINESS VENTURES LIMITED	Director	30/09/2015	31/03/2015	-	Active	NO

Name :

Avni Kishorkumar Biyani

Designation :

Director

Address :

406 Jeevan Vihar, Manav Mandir Road, Malabar Hill, Mumbai - 400006, Maharashtra, India

Date of Appointment :

30.09.2015

DIN No.:

02177900

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	U74995MH2005PLC151073	IDIOM DESIGN AND CONSULTING LIMITED	Director	29/09/2008	31/01/2008	-	Active	NO
2	U65900MH2006PLC159526	FUTURE IDEAS COMPANY LIMITED	Director	30/09/2008	31/01/2008	-	Active	NO
3	U99999MH1995PTC092092	SURPLUS FINVEST PRIVATE LIMITED	Director	30/09/2015	28/02/2015	-	Active	NO
4	U99999MH1987PLC044078	PIL INDUSTRIES LIMITED	Director	30/09/2015	30/03/2015	-	Active	NO

Name :

Abhishek Taparia

Designation :

Director

Address :

A/203, 2nd Floor, A Wing, Nirman Residency CHS, Rajmata Jijabai Road, Pump House, Andheri East, Mumbai - 400093, Maharashtra, India

Date of Appointment :

30.09.2015

DIN No.:

06974437

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	U67190MH2014PTC258910	RADIX CAPITAL ADVISORS PRIVATE LIMITED	Director	28/10/2014	28/10/2014	-	Active	NO
2	U99999MH1987PLC044078	PIL INDUSTRIES LIMITED	Director	30/09/2015	30/03/2015	-	Active	NO
3	U74999MH2006PLC165722	FUTURE BRANDS LIMITED	Director	29/09/2015	30/03/2015	-	Active	NO
4	U52599MH2007PLC166906	RETAIL LIGHT TECHNIQUES INDIA LIMITED	Director	30/09/2015	30/03/2015	-	Active	NO
5	U74120MH2011PLC222584	FUTURE SHARP SKILLS LIMITED	Director	28/09/2015	29/07/2015	-	Active	NO

KEY EXECUTIVES

Name :	Ms. Shruti Giriraj Bang
Designation :	Secretary
Address :	602 B Wing, Rahul Dream, Rahul Park, Bhayander East, Thane - 401105, Maharashtra, India
Date of Appointment :	01.12.2015
PAN No:	AQFPB3653D
Name :	NIDHI Bajaj and Associates
Designation :	Company Secretaries
Address :	A/401, Kailash Mansarovar, Amritvani Lane, Near Maxus Mall, 150 Feet Road, Bhayander (West), Thane – 401101, Maharashtra, India
Mobile No.:	91-9833297595
E-Mail :	Csnighi3388@gmail.com

MAJOR SHAREHOLDERS

AS ON 31.03.2015

Note: [SHAREHOLDING DETAILS FILE ATTACHED]

Equity Share Break up (Percentage of Total Equity)

AS ON 29.01.2015

Names of Allottees	No. of Shares
ECAP Equities Limited, India	100
Total	100

AS ON 30.09.2014

Category	Percentage
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	0.20
Bodies corporate	96.96
Other top fifty shareholders	0.84
Others	2.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Subject is engaged in the Design, Manufacture, and Trade of Fabrics [From Indirect Sources]
Products :	Fabrics
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Divulged
Imports :	Not Divulged
Terms :	Not Divulged

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

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

Customers :

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

No. of Employees :

Information declined by the management

Bankers :

• RBL Bank Limited, Shahupuri, Kolhapur,, Kolhapur- 416001, Maharashtra, India

• Yes Bank Limited, Nehru Centre, 9th Floor, Discovery of India, Dr. A.B. Road, Worli, Mumbai- 400018, Maharashtra, India

• Andhra Bank, 18, Homi Modi Street, Nanavathi Mahalaya, Fort, Mumbai - 400001, Maharashtra, India

Banker Name	Central Bank of India
Branch Address	Bombay Main Office, Documentation Cell, 1st Floor, Mahatma Gandhi Road, Fort,, Mumbai - 400023, 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
Rupee term loans from banks	1066.060	3363.372
Rupee term loans from others	699.717	0.000
SHORT TERM BORROWING
Working capital loans from banks	22.728	6.801
Total	1788.505	3370.173

Financial Institute :	ECL Finance Limited, Edelweiss House, Off. C.S.T Road, Kalina, Mumbai -400098,  Maharashtra, India IDBI Trusteeship Services Limited, Asian Bldg., Ground Floor, 17, R.Kamani Marg, Ballard Estate, Mumbai- 400001, Maharashtra, India
Auditors :
Name :	RS Ajwani and Company Chartered Accountants
Address :	12 Ramsaran, Sion, Mumbai – 400022, Maharashtra, India
PAN No.:	AHQPA2729P
Memberships :	Not Available
Collaborators :	Not Available
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives :	Iskrupa Mall Management Company Private Limited, India [U70100MH2005PTC151439] Manz Retail Private Limited (TRF.), [U51909MH1994PTC156437]
Others :	· Bansi Mall Management Company Private Limited, India [U70100MH2005PTC156869]
Joint venture :	· Sprint Advisory Services Private Limited, India [U51909MH2005PTC151869] · Shendra Advisory Services Private Limited, India [U45200MH2005PTC157267]
Ultimate Holding company :	· Suhani Trading and Investment Consultants Private Limited, India [U74140MH2007PTC175603]
Subsidiary company :	· Weavette Texstyles Limited, India [U17100MH1994PLC083596]
Associate :	Edmon Trading Private Limited, India [U51909MH2006PTC164092]

CAPITAL STRUCTURE

AS ON 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
10000000	Equity Shares	Rs.10/- each	Rs.100.000 Million
1000000	Preference Shares	Rs.10/- each	Rs.10.000 Million
15000000	Preference Shares	Rs.20/- each	Rs.300.000 Million
	Total		Rs.410.000 Million

Issued Capital :

No. of Shares	Type	Value	Amount
8358725	Equity Shares	Rs.10/- each	Rs.83.587 Million

Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
8218145	Equity Share	Rs.10/- each	Rs.82.181 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	82.181	66.052	66.052
(b) Reserves & Surplus	(181.999)	(327.297)	(164.447)
(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)	(99.818)	(261.245)	(98.395)
(3) Non-Current Liabilities
(a) long-term borrowings	1765.777	3363.372	4775.572
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	0.096	0.114	0.074
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	1765.873	3363.486	4775.646
(4) Current Liabilities
(a) Short term borrowings	22.728	6.801	24.510
(b) Trade payables	653.799	2020.621	1903.748
(c) Other current liabilities	10675.216	7203.441	3822.457
(d) Short-term provisions	0.000	0.000	0.000
Total Current Liabilities (4)	11351.743	9230.863	5750.715
TOTAL	13017.798	12333.104	10427.966
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	379.004	73.666	77.977
(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	7195.135	6906.764	5619.143
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000	0.000
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	7574.139	6980.430	5697.120
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	2299.159	1953.186	2246.145
(c) Trade receivables	807.585	1781.280	1791.983
(d) Cash and cash equivalents	0.359	107.808	126.020
(e) Short-term loans and advances	2336.556	1510.400	566.698
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	5443.659	5352.674	4730.846
TOTAL	13017.798	12333.104	10427.966

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income	3123.457	2358.347	7141.208
	Other Income	36.392	23.408	43.326
	TOTAL (A)	3159.849	2381.755	7184.534
Less	EXPENSES
	Cost of Materials Consumed	0.000	0.000	0.000
	Purchases of Stock-in-Trade	3482.033	2046.680	6398.219
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(345.934)	292.920	541.774
	Employees benefits expense	2.554	3.257	3.589
	Other expenses	3.497	4.656	6.168
	TOTAL (B)	3142.150	2347.513	6949.750
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	17.699	34.242	234.784
Less	FINANCIAL EXPENSES (D)	352.011	192.782	437.966
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	(334.312)	(158.540)	(203.182)
Less/ Add	DEPRECIATION/ AMORTISATION (F)	4.259	4.312	5.047
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	(338.571)	(162.852)	(208.229)
Less	TAX (H)	0.000	0.000	0.000
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)	(338.571)	(162.852)	(208.229)
	Earnings / (Loss) Per Share (Rs.)	(54.7)	(24.65)	(31.52)

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	181.250	2441.250	81.250
Cash generated from operations	NA	NA	NA
Net cash flows from (used in) operations	1569.856	2680.634	516.993

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	(10.84)	(6.91)	(2.92)
Operating Profit Margin (PBIDT/Sales)	(%)	0.57	1.45	3.29
Return on Total Assets (PBT/Total Assets}	(%)	(5.81)	(3.00)	(4.33)
Return on Investment (ROI) (PBT/Networth)		3.39	0.62	2.12
Debt Equity Ratio (Total Debt /Networth)		(19.73)	(22.25)	(49.61)
Current Ratio (Current Asset/Current Liability)		0.48	0.58	0.82

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	66.052	66.052	82.181
Reserves & Surplus	(164.447)	(327.297)	(181.999)
Net worth	(98.395)	(261.245)	(99.818)
Long-term borrowings	4775.572	3363.372	1765.777
Short term borrowings	24.510	6.801	22.728
Current maturities of long-term debts	81.250	2441.250	181.250
Total borrowings	4881.332	5811.423	1969.755
Debt/Equity ratio	(49.610)	(22.245)	(19.733)

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	7141.208	2358.347	3123.457
		(66.976)	32.443

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	7141.208	2358.347	3123.457
Profit	(208.229)	(162.852)	(338.571)
	(2.92%)	(6.91%)	(10.84%)

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	No
8	Designation of contact person	No
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	Yes
18	Major suppliers	No
19	Major customers	No
20	Banking Details	Yes
21	Banking facility details	Yes
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	Yes
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	Yes
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

OPERATIONAL REVIEW & YEAR IN RETROSPECT:

During the year, has earned a gross revenue of Rs. 3159.849 Million (including Rs.36.392 Million other income) as compared to Rs. 2381.755 Million (including Rs.23.408 Million other income) for the previous accounting year. The Loss after tax for the year was Rs. 338.571 Million as against loss of Rs. 162.850 Million previous year. The Company has incurred Profit of 34.200 Million before interest and depreciation, however due to high borrowing cost, the Company has to suffer a net loss of approximately 340.000 Million. The Board is in continues effort to find out concrete plans to reduce the borrowing costs in order to improve the profitability

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10605237	16/11/2015	500,000,000.00	RBL BANK LIMITED	SHAHUPURI,KOLHAPUR,, KOLHAPUR, MAHARASHTRA - 416001, INDIA	C71682777
2	10552562	29/01/2015	500,000,000.00	ECL FINANCE LIMITED	EDELWEISS HOUSE, OFF. C.S.T ROAD, KALINA,, MUMBAI,  MAHARASHTRA - 400098, INDIA	C45308483
3	10554018	27/01/2015	1,000,000,000.00	IDBI TRUSTEESHIP SERVICES LIMITED	ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI MARG, BA  LLARD ESTATE, MUMBAI, MAHARASHTRA - 400001, INDIA	C44432458
4	10549117	19/01/2015	1,750,000,000.00	YES BANK LIMITED	NEHRU CENTRE, 9TH FLOOR, DISCOVERY OF INDIA, DR.  A.B. ROAD, WORLI, MUMBAI, MAHARASHTRA - 400018, INDIA	C43620632
5	10532994	17/11/2014	1,500,000,000.00	ANDHRA BANK	18, HOMI MODI STREET, NANAVATHI MAHALAYA, FORT, M  UMBAI, MAHARASHTRA - 400001, INDIA	C34675306
6	10514969	28/07/2014	300,000,000.00	ECL FINANCE LIMITED	EDELWEISS HOUSE, OFF. C.S.T ROAD, KALINA,, MUMBAI,  MAHARASHTRA - 400098, INDIA	C16449936
7	10425904	11/05/2013	1,000,000,000.00	CENTRAL BANK OF INDIA	CORPORATE FINANCE BRANCH, MMO BUILDING,, 1ST FLOO  R, FORT, MUMBAI, MAHARASHTRA - 400023, INDIA	B75194266
8	10236672	23/07/2010	3,120,000,000.00	DEUTSCHE BANK AG (THROUGH ITS NEW DELHI BRANCH)	FLOOR 2, HAZARIMAL SOMANI MARG, FORT, MUMBAI, MAHARASHTRA - 400023, INDIA	A91271395

FIXED ASSETS

· Land

· Building

· Plant and Machinery

· Electrical Installations

· Air Conditioner

· Computer/ Printers

· Office Equipments

· Furniture and Fixture

· Vehicle

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 records 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.66.79
UK Pound	1	Rs.101.10
Euro	1	Rs.73.10

INFORMATION DETAILS

Information Gathered by :	DIP
Analysis Done by :	DIV
Report Prepared by :	GEET

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILITY	1~10	2
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	2
--CREDIT LINES	1~10	3
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		29

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.