MIRA INFORM REPORT

Report No. :	354911
Report Date :	21.12.2015

IDENTIFICATION DETAILS

Name :	CENTURY REAL ESTATE HOLDINGS PRIVATE LIMITED

Registered Office :	No. 10/1, Lakshminarayana Complex, Ground Floor, Palace Road, Bangalore – 560052, Karnataka
Tel. No.:	91-80-40453453

Country :	India

Financials (as on) :	31.03.2014

Date of Incorporation :	13.03.2007

Com. Reg. No.:	08-042078

Capital Investment / Paid-up Capital :	Rs.5714.334 Million

CIN No.: [Company Identification No.]	U70101KA2007PTC042078

IEC No.:	Not Divulged

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 primarily engaged in the business of real estate development. (Registered Activity)

No. of Employees :	Information declined by the management.

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 17420000

Status :	Satisfactory

Payment Behaviour :	Slow but correct

Litigation :	Clear

Comments :	Subject is an established company incorporated in the year 2007 having satisfactory track. The company has reported a healthy growth in its turnover during FY 2014. The rating also takes into consideration company’s sound networth base and decent liquidity position of the company. Moreover, the rating strength is partially offset by highly competitive infrastructure industry. Trade relations are reported as fair. Business is active. Payments terms are reported as slow but correct. The company can be considered normal for business dealings at 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

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 BY

Name :	Mr. Ajay
Designation :	Secretarial Officer
Contact No.:	91-80-40453453
Date :	14.12.2015

LOCATIONS

Registered Office :	No. 10/1, Lakshminarayana Complex, Ground Floor, Palace Road, Bangalore – 560052, Karnataka, India
Tel. No.:	91-80-40453453 / 41131401
Fax No.:	91-80-40453409
E-Mail :	vivekananda.nayak@centuryrealestate.in sales@centuryrealestate.in ravi.kumar@centurygroup.co.in info@centurygroup.co.in
Website :	http://www.centuryrealestate.in

Head Office / Sales Office :	No. 74, 4th Floor, Prestige Feroze, Cunningham Road, Bangalore - 560052, Karnataka, India

Corporate Office :	No.3/1, Fourth Floor, J P Techno Park, Millers Road, Bangalore - 560052, Karnataka, India

Marketing Office :	Century Sales Galleria, Opposite Sahakaranagar Cross, Bellary Road, Bangalore - 560092, Karnataka, India
Tel. No.:	91-80-44334400

DIRECTORS

AS ON 30.09.2014

Name :

Ravindra Panemangalore Pai

Designation :

Managing Director

Address :

#25, Farm House, Bellary Road, Byatarayanapur, Bangalore - 560092, Karnataka, India

Date of Birth/Age :

10.05.1976

Date of Appointment :

01.07.2008

DIN No.:

01516428

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	U45202KA1973PTC002442	CENTURY BUILDING INDUSTRIES PRIVATE LIMITED	Director	16/10/2003	16/10/2003	-	Active	NO
2	U31909KA1988PTC008879	PAI ELECTRONICS SYSTEMS PRIVATE LIMITED	Director	16/10/2003	16/10/2003	-	Active	NO
3	U01549KA2003PTC032880	SKANDA CENTURY FOODS PRIVATE LIMITED	Director	18/11/2003	18/11/2003	-	Active	NO
4	U05190KA2004PTC034731	RETINA MARKETING AND COMMUNICATIONS PRIVATE LIMITED	Director	21/09/2004	21/09/2004	-	Strike off	NO
5	U55101KA2002PTC030183	MANIPAL RESORTS COMPANY PRIVATE LIMITED	Director	28/01/2005	28/01/2005	05/12/2013	Active	NO
6	U65993KA1994PLC016000	AKJ CREDIT LIMITED	Director	21/02/2005	21/02/2005	-	Strike off	NO
7	U66000KA1989PLC010453	VULCAN INTERNATIONAL INSURANCE BROKERS LIMITED	Director	30/06/2005	30/06/2005	-	Active	NO
8	U65991KA1995PLC030034	VULCAN BENEFIT FUND LIMITED	Director	28/09/2005	28/09/2005	27/09/2015	Active	NO
9	U70102KA2006PTC038550	INDILAND DEVELOPERS BANGALORE PRIVATE LIMITED	Director	21/02/2006	21/02/2006	13/03/2015	Active	NO
10	U85320KA2006PTC038972	CENTURY RETIREMENT LIVING PRIVATE LIMITED	Director	10/04/2006	10/04/2006	-	Active	NO
11	U05510KA1999PTC025690	CENTURY HOSPITALITY HOLDINGS PRIVATE LIMITED	Director	02/05/2006	02/05/2006	-	Active	NO
12	U45201KA2003PTC033023	Mantri Techzone Private Limited	Director	28/12/2006	28/12/2006	-	Active	NO
13	U70101KA2007PTC042078	CENTURY REAL ESTATE HOLDINGS PRIVATE LIMITED	Managing director	01/07/2008	13/03/2007	-	Active	NO
14	U70102KA2006PTC038971	CENTURY PROPERTY MANAGEMENT COMPANY PRIVATE LIMITED	Director	24/08/2007	24/08/2007	14/03/2015	Active	NO
15	U45201KA2007PTC043960	CENTURY PRAKRUTI INFRA PROJECTS PRIVATE LIMITED	Director	25/09/2007	25/09/2007	-	Active	NO
16	U45202KA2007PTC084541	EMBASSY ONE DEVELOPERS PRIVATE LIMITED	Director	02/12/2008	12/11/2007	01/10/2014	Active	NO
17	U45202KA2008PTC045537	CENTURY BANGALORE CITY CENTRE PRIVATE LIMITED	Director	09/09/2009	31/03/2008	-	Active	NO
18	U51101KA1965PTC001585	HAJEES ENTERPRISES PRIVATE LIMITED	Director	01/10/2009	01/10/2009	-	Active	NO
19	U45201KA2003PTC064723	SURUCHI PROPERTIES PRIVATE LIMITED	Director	28/07/2010	28/07/2010	-	Active	NO
20	U80301KA1999PTC024775	GEETANJALI EFFECTIVE REALTY SOLUTIONS PRIVATE LIMITED	Director	15/05/2011	15/05/2011	-	Active	NO
21	U80211KA2011PTC059613	MANASA EDUCATIONAL ACADEMY PRIVATE LIMITED	Director	18/07/2011	18/07/2011	-	Active	NO
22	U67110KA2013PTC070000	TRIVEDA CAPITAL ADVISORS PRIVATE LIMITED	Director	05/07/2013	05/07/2013	17/07/2013	Active	NO
23	U70100KA2014PLC075980	CENTURY REAL ESTATE VENTURES LIMITED	Director	22/08/2014	22/08/2014	-	Active	NO

Name :

Dev Saten Patel

Designation :

Whole-Time Director

Address :

130, Railway Parallel Road, Kumara Park (West), Bangalore - 560020, Karnataka, India

Date of Birth/Age :

19.08.1971

Date of Appointment :

01.07.2008

DIN No.:

01361806

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	U45202KA1973PTC002442	CENTURY BUILDING INDUSTRIES PRIVATE LIMITED	Director	16/10/2003	16/10/2003	-	Active	NO
2	U31909KA1988PTC008879	PAI ELECTRONICS SYSTEMS PRIVATE LIMITED	Director	16/10/2003	16/10/2003	-	Active	NO
3	U05510KA1999PTC025690	CENTURY HOSPITALITY HOLDINGS PRIVATE LIMITED	Director	26/06/2006	26/06/2006	-	Active	NO
4	U70101KA2007PTC042078	CENTURY REAL ESTATE HOLDINGS PRIVATE LIMITED	Whole-time director	01/07/2008	01/12/2007	-	Active	NO
5	U45400KA2013PTC071626	Supernova Arena Private Limited	Director	31/10/2013	31/10/2013	-	Active	NO
6	U45202KA2007PTC084541	EMBASSY ONE DEVELOPERS PRIVATE LIMITED	Director	01/10/2014	01/10/2014	16/06/2015	Active	NO

Name :

Mahesh Attur Prabhu

Designation :

Whole-Time Director

Address :

A-42, Century Corbel, Sahakaranagar Main Road, Bangalore - 560092, Karnataka, India

Date of Birth/Age :

17.06.1977

Date of Appointment :

01.07.2008

DIN No.:

01516242

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	U70101KA2007PTC042078	CENTURY REAL ESTATE HOLDINGS PRIVATE LIMITED	Whole-time director	01/07/2008	01/12/2007	-	Active	NO
2	U70200KA2010PTC052710	CENTURY JOINT DEVELOPMENTS PRIVATE LIMITED	Director	04/05/2010	04/05/2010	-	Active	NO
3	U93000KA2009PTC051492	MASTER STAFFING SOLUTIONS PRIVATE LIMITED	Additional director	05/08/2011	05/08/2011	05/12/2013	Active	NO
4	U45202KA2007PTC084541	EMBASSY ONE DEVELOPERS PRIVATE LIMITED	Director	01/10/2014	01/10/2014	16/06/2015	Active	NO
5	U04520KA1988PTC008875	MANALI HOUSING DEVELOPMENT CO PRIVATE LIMITED	Additional director	09/03/2015	09/03/2015	-	Active	NO
6	U70102KA2006PTC038971	CENTURY PROPERTY MANAGEMENT COMPANY PRIVATE LIMITED	Additional director	09/03/2015	09/03/2015	-	Active	NO
7	U92412KA2006PTC039534	SPORTS PARK INDIA PRIVATE LIMITED	Additional director	09/03/2015	09/03/2015	-	Active	NO
8	AAC-7508	SAMSARA RETIREMENT LIVING LLP	Body corporate as Designated Partner	24/09/2014	24/09/2014	-	Active	NO

Name :

Ashwin Panemangalore Pai

Designation :

Whole-Time Director

Address :

No. 9, 8th Main, Raj Mahal Vilas, Bangalore - 560080, Karnataka, India

Date of Birth/Age :

22.05.1979

Date of Appointment :

01.07.2008

DIN No.:

01516414

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	U45202KA1973PTC002442	CENTURY BUILDING INDUSTRIES PRIVATE LIMITED	Director	16/06/2003	16/06/2003	-	Active	NO
2	U31909KA1988PTC008879	PAI ELECTRONICS SYSTEMS PRIVATE LIMITED	Director	16/10/2003	16/10/2003	-	Active	NO
3	U05190KA2004PTC034731	RETINA MARKETING AND COMMUNICATIONS PRIVATE LIMITED	Director	21/09/2004	21/09/2004	-	Strike off	NO
4	U65993KA1994PLC016000	AKJ CREDIT LIMITED	Director	21/02/2005	21/02/2005	-	Strike off	NO
5	U66000KA1989PLC010453	VULCAN INTERNATIONAL INSURANCE BROKERS LIMITED	Director	30/06/2005	30/06/2005	-	Active	NO
6	U85320KA2006PTC038972	CENTURY RETIREMENT LIVING PRIVATE LIMITED	Director	10/04/2006	10/04/2006	-	Active	NO
7	U05510KA1999PTC025690	CENTURY HOSPITALITY HOLDINGS PRIVATE LIMITED	Director	26/06/2006	26/06/2006	-	Active	NO
8	U45201KA2003PTC033023	Mantri Techzone Private Limited	Director	28/12/2006	28/12/2006	-	Active	NO
9	U70101KA2007PTC042078	CENTURY REAL ESTATE HOLDINGS PRIVATE LIMITED	Whole-time director	01/07/2008	13/03/2007	-	Active	NO
10	U51101KA1965PTC001585	HAJEES ENTERPRISES PRIVATE LIMITED	Director	01/10/2009	01/10/2009	-	Active	NO
11	U45201KA2003PTC064723	SURUCHI PROPERTIES PRIVATE LIMITED	Director	28/07/2010	28/07/2010	-	Active	NO
12	U70102KA2006PTC038550	INDILAND DEVELOPERS BANGALORE PRIVATE LIMITED	Director	12/05/2011	12/05/2011	-	Active	NO
13	U80301KA1999PTC024775	GEETANJALI EFFECTIVE REALTY SOLUTIONS PRIVATE LIMITED	Director	15/05/2011	15/05/2011	-	Active	NO
14	U45400KA2013PTC071626	Supernova Arena Private Limited	Director	31/10/2013	31/10/2013	-	Active	NO
15	U72103KA1995PTC017534	VIDYA SHILP INDIA PRIVATE LIMITED	Director	27/09/2014	31/07/2014	-	Active	NO
16	U70100KA2014PLC075980	CENTURY REAL ESTATE VENTURES LIMITED	Director	22/08/2014	22/08/2014	-	Active	NO

KEY EXECUTIVES

Name :	Vivekananda U Nayak
Designation :	Secretary
Address :	A-001, Renaissance Park III, Subramanyanagar, Malleshwaram West, BANGALORE - 560055, Karnataka, India
Date of Birth/Age :	20.09.1970
PAN No.:	ACQPN8355F
Date of Appointment :	01.02.2008

Name :	Mr. Ajay
Designation :	Secretarial Officer

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2014

Names of Shareholders (Equity)		No. of Shares
Ravindra Panemangalore Pai		100000000
Ashwin Panemangalore Pai		100000000
Dev Saten Patel		50000000
Drawbridge Century Holdings Limited, Mauritius		74675325

Total		324675325

Names of Shareholders (15 % Participatory Cumulative Fully Convertible Preference shares)		No. of Shares
Ravindra Panemangalore Pai		8750000
Ashwin Panemangalore Pai		8750000
Total [A]		17500000

Names of Shareholders (0.0001 % Non- Participatory Cumulative Fully Convertible Preference shares)		No. of Shares
Drawbridge Century Holdings Limited, Mauritius		159189228
Manipal Education and Medical Group India Private Limited, India		36500000
Total [B]		195689228


Total [A+B]		213189228

Equity Share Break up (Percentage of Total Equity)

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	23.00
Directors or relatives of Directors	77.00

Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is primarily engaged in the business of real estate development. (Registered Activity)

Services :

Item Code No.	Service Description
99722400	Real Estate Service

Brand Names :

Not Divulged

Agencies Held :

Not Divulged

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 :

Bank Name	Saraswat Co-Operative Bank Limited
Branch	Site No.47, Ward No.68, Sogo Properties, 100 Feet, Koramangala 4th Block,, Bangalore, Karnataka - 560034, 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

Dewan Housing Finance Corporation Limited, Warden House 2nd Floor, Sir P M Road, Fort, Mumbai - 400001, Maharashtra, India

Facilities :

Secured Loan	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Long-term Borrowings
Non-Convertible Debentures	88.889	2396.333
Term loans
From Banks	167.000	928.136
From Financial institutions and others	241.988	2.983
Total	497.877	3327.452

Financial Institutions :	IDBI Trusteeship Services Limited Asian Building, Ground Floor, 17, R Kamani Marg, Ballard Estate, Mumbai, Maharashtra - 400001, India Edelweiss Finance and Investments Limited 2nd Floor, Mb Towers, Plot No 5, Road No 2, BanjAra Hills, Hyderabad - 500034, Andhra Pradesh, India Housing Development Finance Corporation Limited Ramon House 169, Backbay Reclamation, H T Parekh Marg, Mumbai - 400020, Maharashtra, India

Auditors :
Name :	Haribhakti and Company LLP Chartered Accountants
Address :	Shree Shanmugapriya, 2nd Floor, No.454, Pannaiayan Street, Cross Cut Road, Gandhipuram, Coimbatore - 641012, Tamilnadu, India
PAN No.:	AAAFH2010F

Memberships :	---

Collaborators :	----

Subsidiary Companies:	Century Property Management Company Private Limited Geetanjali Effective Realty Solutions Private Limited Indiland Developers Bangalore Private Limited Century Joint Developments Private Limited Suruchi Properties Private Limited

Associate company :	City View Bangalore Properties Private Limited

Partnership firms under common control :	Century Central Century Airport City Century Austral Century Celeste Century Chimes Century Pragati Century Corbel Orchard Investments Satya Investments Paraag Constructions and Developers Akruthi Enterprises Century Golflinks Century Hillview Century Jade Century Northside Century Sheltors Century Siliconcity Century Star Prakruti Century Properties Surya Builders and Developers Vinayaka Builders and Developers Green Orchards Farm Houses Vigneshwara Estates Century Arcade Century Towers

Trust under common control:	Century Pai Foundation

Enterprises where relative of key management personnel is able to exercise significant influence :	Fortune Pai Software Private Limited Sankhya Realtors Private Limited Canara Housing Development Company

CAPITAL STRUCTURE

AS ON 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount

330,000,000	Equity Shares	Rs.10/- each	Rs.3300.000 Million
300,000,000	15 % Participatory Cumulative Convertible Preference Shares	Rs.10/- each	Rs.3000.000Million
	Total		Rs.6300.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

324,675,325	Equity Shares	Rs.10/- each	Rs.3246.753 Million
17,500,000	15 % Participatory Cumulative Fully Convertible Preference shares	Rs.10/- each	Rs.175.000 Million
195,689,228	0.0001 % Non- Participatory Cumulative Fully Convertible Preference shares	Rs.10/- each	Rs.1956.892 Million
	Total		Rs.5378.645 Million

AS ON 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount

330,000,000	Equity Shares	Rs.10/- each	Rs.3300.000 Million
300,000,000	15 % Participatory Cumulative Fully Convertible Preference shares	Rs.10/- each	Rs.3000.000Million
	Total		Rs.6300.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

277,773,105	Equity Shares (Class A)	Rs.10/- each	Rs.2777.731 Million
13,333,333	Equity Shares (Class B)	Rs.10/- each	Rs.133.333 Million
17,500,000	15 % Participatory Cumulative Fully Convertible Preference shares	Rs.10/- each	Rs.175.000 Million
262,827,002	0.0001 % Non- Participatory Cumulative Fully Convertible Preference shares	Rs.10/- each	Rs.2628.270 Million
	Total		Rs.5714.334 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	5714.334	5349.334	5520.399
(b) Reserves & Surplus	137.794	133.992	0.753
(c) Money received against share warrants	0.000	0.000	0.000

(2) Share Application money pending allotment	245.262	610.262	610.262
Total Shareholders’ Funds (1) + (2)	6097.390	6093.588	6131.414

(3) Non-Current Liabilities
(a) long-term borrowings	497.877	3327.452	4553.976
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	5.541	8.076	6.909
(d) long-term provisions	7.397	6.788	2.617
Total Non-current Liabilities (3)	510.815	3342.316	4563.502

(4) Current Liabilities
(a) Short term borrowings	836.188	548.886	143.525
(b) Trade payables	154.026	38.507	12.429
(c) Other current liabilities	7983.245	5256.154	3794.595
(d) Short-term provisions	3.738	0.843	2.655
Total Current Liabilities (4)	8977.197	5844.390	3953.204

TOTAL	15585.402	15280.294	14648.120

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	4.976	9.470	6.265
(ii) Intangible Assets	0.585	1.233	0.768
(iii) Capital work-in-progress	0.584	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	14444.703	13924.237	13187.807
(c) Deferred tax assets (net)	33.403	40.751	0.000
(d) Long-term Loan and Advances	321.015	320.887	325.774
(e) Other Non-current assets	0.520	0.591	0.535
Total Non-Current Assets	14805.786	14297.169	13521.149

(2) Current assets
(a) Current investments	0.267	2.192	2.044
(b) Inventories	278.372	198.482	55.777
(c) Trade receivables	157.070	127.604	119.350
(d) Cash and cash equivalents	57.137	101.782	309.781
(e) Short-term loans and advances	284.382	549.809	638.356
(f) Other current assets	2.388	3.256	1.663
Total Current Assets	779.616	983.125	1126.971

TOTAL	15585.402	15280.294	14648.120

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income	1495.920	1032.420	940.760
	Other Income
	TOTAL	1495.920	1032.420	940.760

Less	EXPENSES
	Operating Cost	357.400	99.600	48.330
	TOTAL	357.400	99.600	48.330

Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	1138.520	932.820	892.430

Less	FINANCIAL EXPENSES	1122.250	1009.120	889.300

	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	16.270	(76.300)	3.130

Less/ Add	DEPRECIATION/ AMORTISATION	2.690	2.270	0.890

	PROFIT/ (LOSS) BEFORE TAX	13.580	(78.570)	2.240

Less	TAX	9.780	(40.750)	0.000

	PROFIT/ (LOSS) AFTER TAX	3.800	(37.830)	2.240

	Earnings / (Loss) Per Share (Rs.)	0.06	(0.07)	NA

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current maturities of long-term debt	3996.293	2066.501	1406.412
Cash generated from operations	NA	NA	NA
Net cash flows from (used in) operations	899.495	383.079	(455.034)
Net cash flows from (used in) operating activities	897.112	380.691	(450.888)

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Total Income)	(%)	0.25	(3.66)	0.24

Operating Profit Margin (PBIDT/ Total Income)	(%)	76.11	90.35	94.86

Return on Total Assets (PBT/Total Assets}	(%)	1.23	(5.97)	0.15

Return on Investment (ROI) (PBT/Networth)		0.00	(0.01)	0.00

Debt Equity Ratio (Total Debt /Networth)		0.87	0.98	1.00

Current Ratio (Current Asset/Current Liability)		0.09	0.17	0.29

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	5520.399	5349.334	5714.334
Reserves & Surplus	0.753	133.992	137.794
Share Application money pending allotment	610.262	610.262	245.262
Net worth	6131.414	6093.588	6097.390

long-term borrowings	4553.976	3327.452	497.877
Short term borrowings	143.525	548.886	836.188
Current maturities of long-term debt	1406.412	2066.501	3996.293
Total borrowings	6103.913	5942.839	5330.358
Debt/Equity ratio	0.996	0.975	0.874

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)
Total Income	940.760	1032.420	1495.920
		9.743	44.895

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Total Income	940.760	1032.420	1495.920
Profit / Loss	2.240	(37.830)	3.800
	0.24%	(3.66%)	0.25%

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	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	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

UNSECURED LOAN

PARTICULARS	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Short-term borrowings
Loans repayable on demand
Inter corporate deposit	836.188	548.886
Total	836.188	548.886

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10600763	08/10/2015	1,687,000.00	SARASWAT CO-OPERATIVE BANK LIMITED	SITE NO.47, WARD NO.68, SOGO PROPERTIES, 100 FEET, KORAMANGALA 4TH BLOCK,, BANGALORE, KARNATAKA - 5 60034, INDIA	C69228583
2	10593170	16/10/2015 *	6,200,000,000.00	IDBI TRUSTEESHIP SERVICES LIMITED	ASIAN BUILDING, GROUND FLOOR, 17, R KAMANI MARG, BALLARD ESTATE, MUMBAI, MAHARASHTRA - 400001, INDIA	C71778450
3	10560180	27/03/2015	250,000,000.00	EDELWEISS FINANCE & INVESTMENTS LIMITED	2ND FLOOR, MB TOWERS, PLOT NO 5, ROAD NO 2, BANJ ARA HILLS, HYDERABAD, ANDHRA PRADESH - 500034, INDIA	C49505787
4	10578975	27/03/2015	1,400,000,000.00	IDBI TRUSTEESHIP SERVICES LIMITED	ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI MARG,, BA LLARD ESTATE, MUMBAI, MAHARASHTRA - 400001, INDIA	C58436866
5	10594665	10/02/2015	250,000,000.00	HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED	RAMON HOUSE 169BACKBAY RECLAMATION, H T PAREKH MA RG, MUMBAI, MAHARASHTRA - 400020, INDIA	C66030933
6	10540364	23/04/2014	720,000,000.00	THE JAMMU & KASHMIR BANK LIMITED	INDIRANAGAR BRANCH, NO.8TH, EDIFICE, 1ST FLOOR, C .M.H. ROAD, INDIRANAGAR, BANGALORE, KARNATAKA - 56 0038, INDIA	C38809216
7	10484178	21/02/2014	500,000,000.00	FICS CONSULTANCY SERVICES LIMITED	141 MAKER CHAMBERSIII NARIMAN POINT, MUMBAI, MAHAR ASHTRA - 400021, INDIA	C00187450
8	10462745	25/02/2014 *	300,000,000.00	DEWAN HOUSING FINANCE CORPORATION LIMITED	WARDEN HOUSE 2ND FLOORSIR P M ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA	B98535222

* Date of charge modification

INITIATIVES AND FUTURE OUTLOOK

The company continues to engage in the residential developments across segments which include luxury, super luxury residential apartments, villas, row houses, plotted developments and commercial complexes. Excellent facilities covering well-equipped club house, swimming pool, gymnasium, game courts and recreating center are provided in all projects. The projects are spread out predominantly across the city of Bangalore.

The Company shall continue with its strategy in development of the projects:

To launch projects only after achieving financial closure with minimal dependence on pre sales.

To de-risk project and the land parcel by launch of projects in logical phases.

To enter into strategic alliance with contractors and vendors through long term agreements.

To develop the land parcels through Joint-Development and Joint Ventures.

Also to take up plotted development of relatively larger land parcels firstly unlock the land parcels and also to improve the liquidity.

Centurys Development Profile spreads through all sectors in the Real Estate Development by utilizing all the possible inputs and providing the world-class facilities to the customers. Century seizes all the opportunities possible for development and bring-in a new era in the real estate development.

BACKGROUND

Subject was incorporated on 13 March 2007 and is primarily engaged in the business of real estate development.

FIXED ASSETS

Tangible assets

Furniture and fixtures
Vehicles
Office equipment
Computer Equipments

Intangible assets

Computer Software

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.66.42
UK Pound	1	Rs.99.17
Euro	1	Rs.72.14

INFORMATION DETAILS

Information Gathered by :	KMN

Analysis Done by :	DIV

Report Prepared by :	SNT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	6
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	6
--CREDIT LINES	1~10	4
--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.

MIRA INFORM REPORT

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