MIRA INFORM REPORT

Report No. :	353157
Report Date :	17.12.2015

IDENTIFICATION DETAILS

Name :	BALAJI INFRA PROJECTS LIMITED
Registered Office :	6th Floor, New Excelsior Building, A.K. Nayak Marg, Fort Mumbai – 400001, Maharashtra
Tel. No.:	91-22-22074824/ 25
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	09.10.1985
Com. Reg. No.:	11-037703
Capital Investment / Paid-up Capital :	Rs. 439.263 Million
CIN No.: [Company Identification No.]	U65921MH1985PLC037703
IEC No.:	Not Applicable (Note:- As claimed by company management chat company does not export and import)
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAACB2055M
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Subject engaged in the business of infrastructure development. (Registered Activity)
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

Ba (45)

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

Maximum Credit Limit :	USD 2100000
Status :	Satisfactory
Payment Behaviour :	Slow and delayed
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track. The ratings takes into consideration sound financial risk profile of the company marked by debt free capital structure in the year 2014. However, the reserve level is low and it has modest scale of operations in the year under consideration. However, rating also takes into consideration the risk involved in the nature of real estate business along with liquidity crunch that the Indian construction industry is facing at present. However, trade relations are fair. Business is active. Payment terms are reported to be slow but correct. In view of aforesaid, the company can be considered for business dealings with usual trade terms and conditions.

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	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 31-03-2015.

INFORMATION DENIED

Management non-co-operative (91-22-22074824)

LOCATIONS

Registered Office :	6th Floor, New Excelsior Building, A.K. Nayak Marg, Fort Mumbai – 400001, Maharashtra, India
Tel. No.:	91-22-22074824/ 25
Fax No.:	91-22-22072124 /22019760
E-Mail :	vishal_kalantri@balaji.co.in info@balaji.co.in
Website :	http://www.balaji.co.in
Infrastructure facility:	At village Dighi, Taluka Shrivardhan District Raigad, Maharashtra

DIRECTORS

As on: 31.03.2015

Name :

Mr. Vishal Vijay Kalantri

Designation :

Director

Address :

2, Wahedna Apartment, 75, Hill Road, Bandra, 400050, Maharashtra, India

Date of Appointment :

19.01.1998

DIN No.:

00194554

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	U65921MH1985PLC037703	BALAJI INFRA PROJECTS LIMITED	Director	19/01/1998	19/01/1998	-	Active	NO
2	U45200MH1998PLC114567	BALAJI INFRASTRUCTURE AND DEVELOPMENT COMPANY LIMITED	Director	21/04/1998	21/04/1998	30/03/2009	Active	NO
3	U72100MH2000PLC127887	ANYUSER TELECOM (INDIA) LIMITED	Director	24/07/2000	24/07/2000	-	Active	NO
4	U35110MH2000PLC127953	DIGHI PORT LIMITED	Director	27/07/2000	27/07/2000	-	Active	NO
5	U45200MH2006PLC158665	DIGHI PROJECT DEVELOPMENT COMPANY LIMITED	Director	05/01/2006	05/01/2006	-	Active	NO
6	U65923MH1989PLC053436	HINDUSTAN HOUSING FINANCE & DEVELOPMENT CORPORATION LIMITED	Director	10/02/2006	10/02/2006	-	Active	NO
7	U51420MH2008PTC179578	ADITYAYAN ENERGY INDUSTRY PRIVATE LIMITED	Director	29/02/2008	29/02/2008	28/08/2011	Active	NO
8	U45203MH2008PLC183839	DIGHI RAIL INFRASTRUCTURE LIMITED	Director	23/06/2008	23/06/2008	-	Active	NO
9	U45202MH2008PTC185677	DIGHI LNG TERMINALS PRIVATE LIMITED	Director	11/08/2008	11/08/2008	-	Active	NO
10	U74990MH2009PTC189990	ETSINTA ADVISORY PRIVATE LIMITED	Director	30/01/2009	30/01/2009	19/06/2009	Active	NO
11	U74999MH2011PTC218985	DIGHI LOGISTICS PRIVATE LIMITED	Director	22/06/2011	22/06/2011	-	Active	NO
12	U45400MH2013PLC240908	Balaji Roads Infrastructure Limited	Director	13/03/2013	13/03/2013	-	Active	NO
13	U74140DL2015PLC285745	DIGHI ROHA RAIL LIMITED	Additional director	26/10/2015	26/10/2015	-	Active	NO

Name :

Mr. Vikas Vijay Kalantri

Designation :

Director

Address :

2, Wahedna Apartment, 75, Hill Road, Bandra, 400050, Maharashtra, India

Date of Appointment :

14.01.2002

DIN No.:

00194412

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	U65921MH1985PLC037703	BALAJI INFRA PROJECTS LIMITED	Director	14/01/2002	14/01/2002	-	Active	NO
2	U35110MH2000PLC127953	DIGHI PORT LIMITED	Director	28/06/2005	28/06/2005	-	Active	NO
3	U45200MH2006PLC158665	DIGHI PROJECT DEVELOPMENT COMPANY LIMITED	Director	05/01/2006	05/01/2006	-	Active	NO
4	U92190MH2008PTC183844	WHITELEAF ENTERTAINMENT MEDIA PRIVATE LIMITED	Director	23/06/2008	23/06/2008	-	Active	NO
5	U45203MH2008PLC183839	DIGHI RAIL INFRASTRUCTURE LIMITED	Director	23/06/2008	23/06/2008	-	Active	NO
6	U45400MH2013PLC240908	Balaji Roads Infrastructure Limited	Director	13/03/2013	13/03/2013	-	Active	NO

Name :

Mr. Vijay Goverdhandas Kalantri

Designation :

Managing Director

Address :

2, Wahedna Apartment, Ground Floor, 75, Hill Road,, Bandra West, Mumbai, 400050, Maharashtra, India

Date of Appointment :

09.10.1985

PAN No.:

AACPK4653P

DIN No.:

00019510

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	U65921MH1985PLC037703	BALAJI INFRA PROJECTS LIMITED	Managing director	15/04/2012	09/10/1985	-	Active	NO
2	U29100MH1978PLC020710	GANNON DUNKERLEY REALTY LIMITED	Director	15/07/1988	15/07/1988	15/12/2008	Active	NO
3	U65923MH1989PLC053436	HINDUSTAN HOUSING FINANCE & DEVELOPMENT CORPORATION LIMITED	Director	12/09/1989	12/09/1989	-	Active	NO
4	U51900MH1989PTC051927	METROPOLITAN TRADERS PRIVATE LIMITED	Director	20/03/1990	20/03/1990	-	Amalgamated	NO
5	L36912MH1974PLC017505	SOVEREIGN DIAMONDS LIMITED	Director	12/11/1992	12/11/1992	13/08/2011	Active	NO
6	U91110MH1995PLC086016	INDIAN COUNCIL OF INVESTORS	Director	02/03/1995	02/03/1995	10/06/2008	Active	NO
7	U91110MH1996NPL098104	ALL INDIA ASSOCIATION OF INDUSTRIES	Director	13/03/1996	13/03/1996	-	Active	NO
8	U45200MH1998PLC114567	BALAJI INFRASTRUCTURE AND DEVELOPMENT COMPANY LIMITED	Director	21/04/1998	21/04/1998	30/03/2009	Active	NO
9	U40100MH1997PLC106044	VINDHYACHAL HYDRO POWER LIMITED	Director	14/08/1999	14/08/1999	-	Active	NO
10	L25200MH1968PLC013914	V I P INDUSTRIES LIMITED	Director	22/05/2000	22/05/2000	-	Active	NO
11	U72100MH2000PLC127887	ANYUSER TELECOM (INDIA) LIMITED	Director	24/07/2000	24/07/2000	14/12/2007	Active	NO
12	U35110MH2000PLC127953	DIGHI PORT LIMITED	Managing director	01/04/2012	27/07/2000	-	Active	NO
13	U99999MH1997NPL111379	BOWLING AND BILLIARDS ASSOCIATION OF INDIA	Director	05/01/2001	05/01/2001	-	Active	NO
14	L99999MH1988PLC047408	MAN INDUSTRIES (INDIA) LIMITED	Director	15/02/2001	15/02/2001	03/02/2011	Active	NO
15	U74300MH1997PTC105548	LAQSHYA MEDIA PRIVATE LIMITED	Director	15/01/2002	15/01/2002	27/03/2012	Active	NO
16	U74999MH2002NPL136048	INDO POLISH CHAMBER OF COMMERCE AND INDUSTRIES	Director	29/05/2002	29/05/2002	31/03/2015	Active	NO
17	U74999MH2002GAP136310	INDO MAURITIUS CHAMBER OF COMMERCE AND INDUSTRIES	Director	25/06/2002	25/06/2002	31/03/2015	Active	NO
18	L32109MH1994PLC083391	ZICOM ELECTRONIC SECURITY SYSTEMS LIMITED	Director	05/09/2014	01/12/2003	-	Active	NO
19	U51109HP1998PLC000592	DARJEELING POWER LIMITED	Director	17/09/2004	17/09/2004	11/12/2008	Active	NO
20	L17110MH1935PLC002241	SHREE RAM URBAN INFRASTRUCTURE LIMITED	Director	25/08/2005	25/08/2005	19/05/2014	Active	NO
21	L00000CH1983PLC031318	SAB INDUSTRIES LIMITED	Director	30/09/2014	30/12/2005	14/11/2015	Active	NO
22	U45200MH2006PLC158665	DIGHI PROJECT DEVELOPMENT COMPANY LTD	Director	05/01/2006	05/01/2006	31/03/2015	Active	NO
23	U92419MH2006NPL160614	MAHARASHTRA TENPIN BOWLING ASSOCIATION	Director	21/03/2006	21/03/2006	-	Active	NO
24	U35110MH2005PLC151518	BALAJI SHIPPING AND LOGISTICS LIMITED	Director	27/04/2006	27/04/2006	30/03/2012	Active	NO
25	U51909WB1995PTC076031	SIMPARK INFRASTRUCTURE PRIVATE LIMITED	Director	30/11/2006	30/11/2006	03/02/2011	Active	NO
26	L17120MH1990PLC058361	S KUMARS NATIONWIDE LIMITED	Director	17/07/2007	03/02/2007	19/05/2014	Active	NO
27	U22120MH1985PTC035722	COURIER PUBLICATIONS PRIVATE LIMITED	Director	26/09/2008	25/09/2007	-	Active	NO
28	U73100MH1970NPL014686	M.VISVESVARAYA INDUSTRIAL RESEARCH AND DEVELOPMENT CENTRE	Director	25/09/2007	25/09/2007	-	Active	NO
29	U45203MH2008PLC183839	DIGHI RAIL INFRASTRUCTURE LIMITED	Director	23/06/2008	23/06/2008	-	Active	NO
30	U45202MH2008PTC185677	DIGHI LNG TERMINALS PRIVATE LIMITED	Director	11/08/2008	11/08/2008	31/03/2015	Active	NO
31	U51109MH1924PLC001107	GANNON DUNKERLEY AND COMPANY LIMITED	Director	09/09/2010	11/12/2008	-	Active	NO
32	L36911RJ1990PLC005651	GOENKA DIAMOND AND JEWELS LIMITED	Director	31/07/2009	31/07/2009	26/11/2013	Active	NO
33	U74999MH2011PTC218985	DIGHI LOGISTICS PRIVATE LIMITED	Director	22/06/2011	22/06/2011	-	Active	NO
34	L52320MH2004PLC146760	BRANDHOUSE RETAILS LIMITED	Director appointed in casual vacancy	13/02/2012	13/02/2012	19/05/2014	Active	NO
35	U17114MH2000PLC126018	REID & TAYLOR (INDIA) LIMITED	Additional director	10/08/2012	10/08/2012	04/06/2014	Active	NO
36	U74999MH2015NPL262717	WORLD TRADE CENTRE (GOA) ASSOCIATION	Director	16/03/2015	16/03/2015	-	Active	NO
37	U74999MH2015NPL262718	WORLD TRADE CENTRE JAIPUR (RAJASTHAN) ASSOCIATION	Director	16/03/2015	16/03/2015	-	Active	NO
38	U74120MH2015NPL262720	WORLD TRADE CENTRE BHUBANESWAR (ODISHA) ASSOCIATION	Director	16/03/2015	16/03/2015	-	Active	NO
39	U74140DL2015PLC285745	DIGHI ROHA RAIL LIMITED	Director	29/09/2015	29/09/2015	-	Active	NO

Name :

Mr. Chandra Shekhar Manmohan Lodha

Designation :

Director

Address :

New Excelsior Bldg, 6th Floor, A.K Nayak Marg, Fort, Mumbai, 400001, Maharashtra, India

Date of Appointment :

08.03.2013

DIN No.:

06539267

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	U65921MH1985PLC037703	BALAJI INFRA PROJECTS LTD	Director	08/03/2013	08/03/2013	-	Active	NO
2	U45202MH2008PTC185677	DIGHI LNG TERMINALS PRIVATE LIMITED	Director	26/03/2013	26/03/2013	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

List of Allottees:

As on: 25.08.2014

Names of Shareholders	No. of Shares
Balaji Infrastructure and Development Company Limited, India	10744700

As on: 31.03.2014

Names of Shareholders	No. of Shares
Mrs. Mohini V Kalantri	11983520
Il and FS Maritime Infrastructure Company Limited, India	5539287
Mr. Vijay G Kalantri	7703120
Kalantri Family Trust, India	7550000
Balaji Infrastructure and Development Company Limited, India	7259173

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Bodies corporate	35.92
Directors or relatives of Directors	64.08
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject engaged in the business of infrastructure development. (Registered Activity)

Products :

Item Code No.	Product Description
86080040	Green Field Port

Brand Names :

Not Divulged

Agencies Held :

Not Divulged

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Not Divulged

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 :

Not Divulged

Bankers :

Bank Name	Oman International Bank
Branch	Mittal Court, Nariman Point, Bombay - 400021, 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

Banking Relations :	IL and FS Trust Company Limited, IL and FS Financial Centre plot No C22 G Block Bandra, Kurla Complex Bandra East, Mumbai - 400051, Maharashtra, India
Auditors :
Name :	Shyam Malpani and Associates Chartered Accountants
Address :	307,Chartered House, 297/299, Dr. C H Street, Near Marine Lines Church, Marine Lines East, Mumbai-400002, Maharashtra, India
PAN No.:	AADPM2684D
E-Mail :	malpani_s@vsnl.com
Memberships :	--
Collaborators :	--
Subsidiary	Dighi Port limited Dighi Project Development Company Limited. Dighi Logistics Private Limited (DLPL) Dighi LNG Terminals Private Limited Dighi Rail Infrastructure Limited Balaji Roads Infrastructure Limited

CAPITAL STRUCTURE

After as on: 30.09.2014

Authorised Capital : Rs. 1000.000 Million

Issued, Subscribed & Paid-up Capital : Rs. 546.710 Million

As on: 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
10,00,00,000	Equity Shares	Rs.10/- each	Rs. 1000.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
4,39,26,300	Equity Shares	Rs.10/- each	Rs. 439.263 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	439.263	361.863	361.863
(b) Reserves & Surplus	284.057	279.063	361.151
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	1.900	0.000
Total Shareholders’ Funds (1) + (2)	723.320	642.826	723.014
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	20.000
(b) Deferred tax liabilities (Net)	0.148	0.000	0.000
(c) Other long term liabilities	3775.801	4069.641	3596.475
(d) long-term provisions	0.603	0.603	0.603
Total Non-current Liabilities (3)	3776.552	4070.244	3617.078
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	0.000	0.000	0.083
(c) Other current liabilities	7.291	59.460	33.369
(d) Short-term provisions	0.000	0.000	0.000
Total Current Liabilities (4)	7.291	59.460	33.452
TOTAL	4507.163	4772.530	4373.544
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	1087.734	1061.969	1062.160
(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	2825.168	2831.488	2575.888
(c) Deferred tax assets (net)	0.000	0.321	0.429
(d) Long-term Loan and Advances	585.196	867.226	719.551
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	4498.098	4761.004	4358.028
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	0.000	0.000	0.000
(c) Trade receivables	5.510	5.765	4.567
(d) Cash and cash equivalents	3.332	1.205	6.579
(e) Short-term loans and advances	0.223	4.556	4.370
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	9.065	11.526	15.516
TOTAL	4507.163	4772.530	4373.544

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	12.736	6.500	6.067
		Other Income	5.849	6.205	17.103
		TOTAL (A)	18.585	12.705	23.170
Less	EXPENSES
		Employees benefits expense	2.689	6.109	5.532
		Other expenses	8.345	84.827	4.174
		TOTAL (B)	11.034	90.936	9.706
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		7.551	(78.231)	13.464
Less	FINANCIAL EXPENSES (D)		0.018	3.082	12.247
	PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		7.533	(81.313)	1.217
Less	DEPRECIATION/ AMORTISATION (F)		2.070	0.667	0.705
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)		5.463	(81.980)	0.512
Less	TAX (H)		0.468	0.108	(1.050)
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)		4.995	(82.088)	1.562
	Earnings Per Share (Rs.)		0.11	(2.27)	0.04

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	0.000	0.000	0.000
Cash generated from operations	238.799	201.510	(225.308)
Net Cash flows from operating activities	238.799	201.510	(214.815)

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	39.22	(1262.89)	25.74
Operating Profit Margin (PBIDT/Sales)	(%)	59.29	(1203.55)	221.93
Return on Total Assets (PBT/Total Assets}	(%)	0.32	(4.22)	0.03
Return on Investment (ROI) (PBT/Networth)		0.01	(0.13)	0.00
Debt Equity Ratio (Total Debt /Networth)		0.00	0.00	0.03
Current Ratio (Current Asset/Current Liability)		1.24	0.19	0.46

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	361.863	361.863	439.263
Reserves & Surplus	361.151	279.063	284.057
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	1.900	0.000
Net worth	723.014	642.826	723.320
long-term borrowings	20.000	0.000	0.000
Short term borrowings	0.000	0.000	0.000
Total borrowings	20.000	0.000	0.000
Debt/Equity ratio	0.028	0.000	0.000

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	6.067	6.500	12.736
		7.142	95.938

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	6.067	6.500	12.736
Profit (loss)	1.562	(82.088)	4.995
	25.74%	(1262.89%)	39.22%

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	No
11	Pan Card No. of Proprietor / Partners	Yes
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	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

CORPORATE INFORMATION:

The Company is in the business of Infrastructure Development.

The Company is in the process of setting up the First Green Field Port and Port Related infrastructure facility at village Dighi, Taluka Shrivardhan District Raigad, Maharashtra through its subsidiary Dighi Port Limited having all weather, Deep Draught, Multi-Purpose, Multi Cargo facilities.

CONTINGENT LIABILITIES:

Unexpired corporate guarantee given by the Company in respect of Loan taken by Subsidiary Rs.7273.000 million (Previous Year Rs. 7273.000 million)

INDEX OF CAHREGS:

S. NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10171965	04/02/2010 *	8,023,000,000.00	IL & FS TRUST COMPANY LIMITED	IL & FS FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRA, KURLA COMPLEX BANDRA EAST, MUMBAI - 400051, Maharashtra, INDIA	A78724523
2	90228361	19/01/1991	750,000.00	OMAN INTERNATIONAL BANK	MITTAL COURT, NARIMAN POINT, BOMBAY - 400021, Maharashtra , INDIA	-

* Date of charge modification

FIXED ASSETS:

• Land
• Buildings
• Buildings
• Factory building
• Factory equipments
• Plant and equipment
• Furniture and fixtures
• Vehicles
• Motor vehicles
• Office equipment
• Computer 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 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.66.85
UK Pound	1	Rs.100.58
Euro	1	Rs.73.16

INFORMATION DETAILS

Information Gathered by :	GYT
Analysis Done by :	KNL
Report Prepared by :	MTN

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILITY	1~10	4
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	5
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		45

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.