MIRA INFORM REPORT

Report No. :	354914
Report Date :	21.12.2015

IDENTIFICATION DETAILS

Name :	OZONE URBANA INFRA DEVELOPERS PRIVATE LIMITED (w.e.f. 22.04.2008)
Formerly Known As :	OZONE URBANA LAND DEVELOPMENT PRIVATE LIMITED (w.e.f. 07.03.2008) MFAR INFRASTRUCTURE DEVELOPMENT PRIVATE LIMITED
Registered Office :	No.38, Ulsoor Road, Bangalore – 560042, Karnataka
Tel. No.:	91-80-40395600
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	13.01.2006
Com. Reg. No.:	08-038236
Capital Investment / Paid-up Capital :	Rs.52.252 Million
CIN No.: [Company Identification No.]	U45209KA2006PTC038236
IEC No.:	0710000979
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAECM5394G
Legal Form :	Private Limited Liability Company
Line of Business :	The Company is engaged in the business of Real Estate (Plot development and construction of residential and commercial properties). [Registered Activity]
No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

Ba (41)

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

Maximum Credit Limit :	USD 760000
Status :	Satisfactory
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is a wholly owned subsidiary company of Ozone Propex Private Limited, and is promoted by Ozone group of Bangalore. It is an established company incorporated in the year 2006. It is having satisfactory track. Management of the company has failed to file financials for the year 2015 with the government department. Rating takes into consideration moderate financial risk profile of the company marked by highly leveraged capital structure along with minimal reserve level of the company in FY 2014. Although, the company has reported increase in its sales turnover along with net profit, the profit margin was reported to be low in the year under consideration. Trade relations are fair. Business is active. Payment terms are reported to be slow but correct. In view of strong group, 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	CARE
Rating	Non-Convertible debenture= BB+
Rating Explanation	Inadequate credit quality and high credit risk.
Date	26.03.2015

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-cooperative (91-80-40395600)

LOCATIONS

Registered Office :	No.38, Ulsoor Road, Bangalore – 560042, Karnataka, India
Tel. No.:	91-80-40395600
Fax No.:	91-80-25325561
E-Mail :	cs@ozonegroup.com
Website :	www.ozonegroup.com

DIRECTORS

AS ON 30.09.2014

Name :

Mr. Vasudevan Sathyamoorthy

Designation :

Managing Director

Address :

G-2, 34, Sona Palace, Norris Road, Richmaond Town, Bangalore - 560025, Karnataka, India

Date of Birth/Age :

15.12.1967

Date of Appointment :

22.03.2007

DIN No.:

00022732

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	U85110KA1993PTC014087	TUSCAN CONSULTANTS AND DEVELOPERS PRIVATE LIMITED	Director	09/03/1993	09/03/1993	-	Active	NO
2	U85110KA1994PTC015253	TUSCAN PROPERTIES PRIVATE LIMITED	Director	22/02/1994	22/02/1994	-	Active	NO
3	U74140KA1998PTC023416	TUSCAN ENGINEERING CONSULTANCY SERVICES PRIVATE LIMITED	Director	24/02/1998	24/02/1998	-	Strike off	NO
4	U72200KA2000PTC026556	eSYMMETRYX TECHNOLOGIES PRIVATE LIMITED	Director	19/06/2000	19/06/2000	29/12/2007	Strike off	NO
5	U45203KA2004PTC033457	OZONE PROPERTIES PRIVATE LIMITED	Director	26/02/2004	26/02/2004	-	Active	NO
6	U74210KA2004PTC035015	OZONE PROPEX PRIVATE LIMITED	Director	01/03/2015	16/11/2004	-	Active	NO
7	U70101TN2005PTC056894	OZONE PROJECTS PRIVATE LIMITED	Managing director	19/08/2014	13/07/2005	-	Active	NO
8	U70109KA2006PTC039980	OZONE HOLDINGS PRIVATE LIMITED	Director	18/07/2006	18/07/2006	-	Active	NO
9	U70102KA2006PTC040226	OZONE DEVELOPERS BANGALORE PRIVATE LIMITED	Director	17/08/2006	17/08/2006	-	Amalgamated	NO
10	U45201KA2006PTC040692	OZONE LEISURE AND RESORTS PRIVATE LIMITED	Director	09/10/2006	09/10/2006	-	Active	NO
11	U45200KA1992PTC012791	OZONE CITY DEVELOPERS PRIVATE LIMITED	Director	29/09/2007	18/01/2007	-	Amalgamated	NO
12	U45209KA2006PTC038236	OZONE URBANA INFRA DEVELOPERS PRIVATE LIMITED	Managing director	01/03/2015	22/03/2007	-	Active	NO
13	U92490KA2004PTC034671	HANSOGE ENTERPRISES PRIVATE LIMITED	Director	25/09/2008	31/12/2007	15/09/2009	Active	NO
14	U45200KA2008PTC045424	OZONE LIFESTYLE PROJECTS PRIVATE LIMITED	Director	27/02/2008	27/02/2008	-	Active	NO
15	U74140KA2008PTC045737	SPG FACILITY MANAGEMENT PRIVATE LIMITED	Director	25/03/2008	25/03/2008	-	Active	NO
16	U45201KA2008PTC046895	OZONE INFRA CON PRIVATE LIMITED	Director	24/06/2008	24/06/2008	-	Active	NO
17	U45201KA2008PTC046894	OZONE REALTORS PRIVATE LIMITED	Director	24/06/2008	24/06/2008	-	Active	NO
18	U45200KA2008PTC046913	OZONE SHELTERS PRIVATE LIMITED	Director	25/06/2008	25/06/2008	-	Active	NO
19	U45200TN2008PTC068589	OZONE HOMES PRIVATE LIMITED	Director	16/07/2008	16/07/2008	-	Active	NO
20	U70102TN2008PTC069197	OZONE RETAIL DEVELOPMENT PRIVATE LIMITED	Director	08/09/2008	08/09/2008	-	Active	NO
21	U45201KA2009PTC050762	OZONE INFRA DEVELOPERS PRIVATE LIMITED	Director	28/08/2009	28/08/2009	-	Active	NO
22	U92413KA2010PTC052367	Ozonegroup Football Academy Private Limited	Director	04/02/2010	04/02/2010	-	Active	NO
23	U45400KA2011PTC059511	True Living Spaces Private Limited	Director	07/07/2011	07/07/2011	31/03/2015	Active	NO
24	U67190KA2012PTC062378	Cannonball Tree Advisors Private Limited	Director	03/02/2012	03/02/2012	16/03/2012	Active	NO
25	U74900KA2015PTC084460	Ozonegreen Agrow Commodities Private Limited	Director	02/12/2015	02/12/2015	-	Active	NO
26	AAB-0521	POSSESSION FOOTBALL LLP	Designated Partner	06/08/2012	06/08/2012	-	Active	NO

Name :

Mr. Bittal Mangilal Singhi

Designation :

Director

Address :

Flat No. 501-502, Tulip 'B', Evershine Park,Near Country Club, Veera Desai Road, Mumbai - 400053, Maharashtra, India

Date of Birth/Age :

08.07.1973

Date of Appointment :

25.09.2008

DIN No.:

00093608

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	U51900MH2000PTC123859	GRACE MERCANTILE PRIVATE LIMITED	Director	27/01/2000	27/01/2000	15/10/2008	Active	NO
2	U45200MH1996PTC099201	SUN INFRASTRUCTURES Private LIMITED	Director	11/08/2006	11/08/2006	-	Active	NO
3	U70101MH2005PTC189653	MIND SPACE REALTY PRIVATE LIMITED	Director	06/10/2006	06/10/2006	-	Active	NO
4	U74210KA2004PTC035015	OZONE PROPEX PRIVATE LIMITED	Nominee director	07/02/2014	12/01/2007	-	Active	NO
5	U45200KA1992PTC012791	OZONE CITY DEVELOPERS PRIVATE LIMITED	Director	29/09/2007	18/01/2007	-	Amalgamated	NO
6	U70101MH2006PTC165045	Vidhant Realty Private Limited	Director	29/09/2007	01/03/2007	06/11/2007	Active	NO
7	U70100MH2006PTC159049	WESTWARD REALTY PRIVATE LIMITED	Nominee director	26/06/2007	26/06/2007	-	Active	NO
8	U70102KA1996PTC020293	PRESTIGE GARDEN ESTATES PRIVATE LIMITED	Director	30/09/2008	03/06/2008	-	Active	NO
9	U45209KA2006PTC038236	OZONE URBANA INFRA DEVELOPERS PRIVATE LIMITED	Director	25/09/2008	22/07/2008	-	Active	NO
10	U70102KA2006PTC040226	OZONE DEVELOPERS BANGALORE PRIVATE LIMITED	Director	29/09/2009	03/11/2008	-	Amalgamated	NO
11	U45201KA2006PTC040692	OZONE LEISURE AND RESORTS PRIVATE LIMITED	Director	29/09/2009	03/11/2008	-	Active	NO
12	U45200KA2008PTC046913	OZONE SHELTERS PRIVATE LIMITED	Director	29/09/2009	16/02/2009	-	Active	NO
13	U45201MH2006PTC165021	Vidhant Land Infrastructure Private Limited	Director	30/09/2011	13/01/2011	-	Active	NO
14	U45201MH2006PTC164987	Urban Land Infrastructure Private Limited	Director	30/09/2011	13/01/2011	-	Active	NO
15	U45200MH2007PTC168284	URBAN SHIVA INFRASTRUCTURE PRIVATE LIMITED	Director	30/09/2011	13/01/2011	-	Active	NO
16	U70109MH2007PTC168844	Avakash Land Infrastructure Private Limited	Director	30/09/2011	13/01/2011	01/04/2015	Active	NO
17	U45200MH2007PTC168287	URBAN RITI INFRASTRUCTURE PRIVATE LIMITED	Director	30/09/2011	13/01/2011	-	Active	NO
18	U45400MH2007PTC171872	Rehan Realtors Private limited	Director	30/09/2011	13/01/2011	-	Active	NO
19	U72900MH2007PTC171875	Dream11 Fantasy Private Limited	Director	30/09/2011	13/01/2011	30/12/2013	Active	NO
20	U45400MH2007PTC171815	Akangsha Realtors Private Limited	Director	30/09/2011	13/01/2011	01/04/2015	Active	NO
21	U70101MH2007PTC172026	Anacron Realtors Private Limited	Director	30/09/2011	13/01/2011	01/04/2015	Active	NO
22	U45400MH2007PTC172047	Ashitee Realtors Private Limited	Director	30/09/2011	13/01/2011	01/04/2015	Active	NO
23	U74140MH2008PLC187622	UI WEALTH ADVISORS LIMITED	Director	30/08/2012	13/01/2011	-	Active	NO
24	U45201MH2008PTC177235	MAYFAIR URBAN DEVELOPERS PRIVATE LIMITED	Director	27/09/2011	01/03/2011	-	Active	NO
25	U55103KA2006PTC040751	SANMATI INFRADEVELOPERS PRIVATE LIMITED	Director	09/12/2011	07/03/2011	27/09/2013	Active	NO
26	U45209PY2006PLC001966	PONDICHERRY SPECIAL ECONOMIC ZONE COMPANY LIMITED	Director	19/10/2011	28/03/2011	-	Active	NO

Name :

Mr. Gaurav Goel

Designation :

Director

Address :

Apartment # 1202, Delphine, Marina Promenade, Dubai Marina, 17356, United Arab Emirates

Date of Birth/Age :

02.10.1979

Date of Appointment :

30.09.2010

DIN No.:

02234217

Other Directorship :

S. No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Company/ LLP Status	Defaulting status
1	U70101WB2007PTC118509	EARNEST TOWERS PRIVATE LIMITED	Director	27/07/2009	07/10/2008	Active	NO
2	U70102MH2007PTC171816	Supernal Realtors Private Limited	Director	28/11/2008	30/10/2008	Active	YES
3	U45200MH2007PTC171831	Vengas Realtors Private Limited	Director	28/11/2008	21/11/2008	Active	YES
4	U45200MH2007PTC166993	NIRMAL INFRASTRUCTURE Private LIMITED	Director	22/09/2009	18/12/2008	Active	NO
5	U02001MH1988PTC045808	NEELKANTH RICE LANDS PRIVATE LIMITED	Nominee director	30/09/2009	17/03/2009	Active	NO
6	U45200MH2007PTC168351	NILAYAMI REALTORS PRIVATE LIMITED	Nominee director	30/09/2009	17/03/2009	Active	NO
7	U45209KA2006PTC038236	OZONE URBANA INFRA DEVELOPERS PRIVATE LIMITED	Director	30/09/2010	26/08/2010	Active	NO

Name :

Mr. Mitrajeet Dhaneshwar Maraye

Designation :

Director

Address :

237, Res St Jacques, Flic EN Flac, Na, Mauritius

Date of Birth/Age :

01.07.1949

Date of Appointment :

30.09.2010

DIN No.:

02308723

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	U45201GJ2007PTC052343	APPLEWOODS ESTATE PRIVATE LIMITED	Director	23/09/2008	25/07/2008	29/08/2011	Active	NO
2	U70102KA2007PTC042498	STERLING URBAN INFRAPROJECTS PRIVATE LIMITED	Director	18/09/2008	01/09/2008	-	Active	NO
3	U70101CT2007PTC020266	GOLDBRICKS INFRASTRUCTURE PRIVATE LIMITED	Director	30/09/2008	30/09/2008	-	Active	NO
4	U45209KA2006PTC038236	OZONE URBANA INFRA DEVELOPERS PRIVATE LIMITED	Director	30/09/2010	26/08/2010	-	Active	NO

Name :

Mr. Navin Dhanuka

Designation :

Nominee Director

Address :

B 2504, Cosmic Heights, Bhakti Park, Wadala East, Near Imax Cinemas, Mumbai - 400037, Maharashtra, India

Date of Appointment :

08.07.2015

DIN No.:

03372197

Other Directorship :

S. No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Company/ LLP Status	Defaulting status
1	U45400KA2014PTC074588	ROYAUME ESTATES PRIVATE LIMITED	Nominee director	24/07/2015	09/06/2015	Active	NO
2	U45209KA2006PTC038236	OZONE URBANA INFRA DEVELOPERS PRIVATE LIMITED	Nominee director	08/07/2015	08/07/2015	Active	NO
3	U70102KA2006PTC040887	VALMARK DEVELOPERS PRIVATE LIMITED	Nominee director	24/07/2015	24/07/2015	Active	NO
4	U45203KA2014PTC074572	RIDA BUILDERS AND PROMOTERS PRIVATE LIMITED	Nominee director	24/07/2015	24/07/2015	Active	NO
5	U45205KA2015PTC079180	HV Ventures Projects Private Limited	Nominee director	24/07/2015	24/07/2015	Active	NO
6	U70102KA1989PTC010503	NAVRANG PROPERTY DEVELOPERS PRIVATE LIMITED	Nominee director	30/11/2015	30/11/2015	Active	NO
7	U45201KA2003PTC064723	SURUCHI PROPERTIES PRIVATE LIMITED	Nominee director	30/11/2015	30/11/2015	Active	NO

Name :

Mrs. Sudha Ravi

Designation :

Nominee Director

Address :

704/A, 7th Floor, Joanna CHS, Manuel Gonsalves Road, Bandra West, Mumbai - 400050, Maharashtra, India

Date of Appointment :

08.07.2015

DIN No.:

06764496

Other Directorship :

S. No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Company/ LLP Status	Defaulting status
1	L25111HR1961PLC008578	GOODYEAR INDIA LIMITED	Director	12/03/2015	07/06/2014	Active	NO
2	U85110GJ2007PTC051728	BARODA MEDICARE PRIVATE LIMITED	Nominee director	23/01/2015	23/01/2015	Active	NO
3	U85110AP2006PTC051845	MedPlus Health Services Private Limited	Nominee director	30/09/2015	29/01/2015	Active	NO
4	U73100AP1995PTC020491	Dr. RAMESH CARDIAC AND MULTISPECIALITY HOSPITAL Private Limited	Nominee director	17/02/2015	17/02/2015	Active	NO
5	U70200WB2012PTC173601	ASHIANA LANDCRAFT REALTY PRIVATE LIMITED	Director	30/09/2015	11/03/2015	Active	NO
6	U45400KA2014PTC074588	ROYAUME ESTATES PRIVATE LIMITED	Nominee director	24/07/2015	09/06/2015	Active	NO
7	U00305MH1973PLC174201	ALKEM LABORATORIES LIMITED	Director	13/07/2015	29/06/2015	Active	NO
8	U45209KA2006PTC038236	OZONE URBANA INFRA DEVELOPERS PRIVATE LIMITED	Nominee director	08/07/2015	08/07/2015	Active	NO
9	U70102KA2006PTC040887	VALMARK DEVELOPERS PRIVATE LIMITED	Nominee director	24/07/2015	24/07/2015	Active	NO
10	U45203KA2014PTC074572	RIDA BUILDERS AND PROMOTERS PRIVATE LIMITED	Nominee director	24/07/2015	24/07/2015	Active	NO
11	U45205KA2015PTC079180	HV Ventures Projects Private Limited	Nominee director	24/07/2015	24/07/2015	Active	NO

KEY EXECUTIVES

Name :	Mr. Srinivasan Gopalan
Designation :	Chief Executive Officer
Address :	A-202, Zen Gardens, Cambridge Layout, Artillery Road, Bangalore - 560008, Karnataka, India
Date of Appointment :	30.09.2014
PAN No.:	AAJPG9940J
Name :	Mr. Ganapathi Joshi
Designation :	Secretary
Address :	FF 2, No. 14/2, 4th B Main, 4th Cross, Ganesha Block, Sultanpalya, Bangalore - 560032, Karnataka, India
Date of Appointment :	23.04.2015
PAN No.:	ADUPJ3620L
Name :	Mr. Vamsi Sai Durbhakula
Designation :	Chief Financial Officer
Address :	Flat No. F3, Canopy Garden View Apartments, Rustambagh Main Road, Old Airport Road, Bangalore - 560017, Karnataka, India
Date of Appointment :	08.07.2015
PAN No.:	CJGPS5778A

MAJOR SHAREHOLDERS

AS ON 30.09.2014

Names of Shareholders	No. of Shares
Ozone Propex Private Limited, India	5225135
S. Vasudevan	1
Avronest Limited, Cyprus	100
Jai Corp Limited, India	11
Total	5225247

LIST OF ALLOTTEES:

AS ON 24.03.2015

Names of Allottees	No. of Shares
Avronest Limited, Cyprus	2459395
Jai Corp Limited, India	386101
Total	2845496

AS ON 11.08.2015

Names of Allottees	No. of Shares
Avronest Limited, Cyprus	68000
Total	68000

Equity Share Break up (Percentage of Total Equity)

AS ON 30.09.2014

Category	Percentage
Bodies corporate	100.00

BUSINESS DETAILS

Line of Business :

The Company is engaged in the business of Real Estate (Plot development and construction of residential and commercial properties). [Registered Activity]

Products :

Description of product or service category	ITC Code
Construction	9953

Brand Names :

Not Divulged

Agencies Held :

Not Divulged

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Selling :

Not Divulged

Purchasing :

Not Divulged

PRODUCTION STATUS – NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Company Name :	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 :

Company Name :	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 :

Banker Name :	Axis Bank Limited
Branch :	Not Divulged
Person Name (With Designation) :	Not Divulged
Contact Number :	Not Divulged
Name of Account Holder :	Not Divulged
Account Number :	Not Divulged
Account Since (Date/Year of Account Opening) :	Not Divulged
Average Balance Maintained :	Not Divulged
Credit Facilities Enjoyed (CC/OD/Term Loan) :	Not Divulged
Account Operation :	Not Divulged
Remark :	Not Divulged

• Syndicate Bank
• Indian Bank
• Union Bank of India
• Punjab National Bank
• ICICI Bank Limited

Financial Institutions :	· 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 · The Swastik Safe Deposit and Investments Limited, 4th Floor, Piramal Tower Annexe, Ganpatrao Kadam Marg, Lower Parel, Mumbai – 400013, Maharashtra, India
Auditors :
Name :	CNGSN and Associates Chartered Accountants
Address :	No.43 (Old No. 22), Swathi Court, Flat No C and D, Vijayaraghava Road, T Nagar, Chennai – 600017, Tamilnadu, India
PAN No.:	AADFC5571B
Memberships :	Not Divulged
Collaborators :	Not Divulged
Holding company :	Ozone Propex Private Limited
Associate :	Tuscan Consultants and Developers Private Limited
Subsidiary company :	Ozone Developers Bangalore Private Limited Ozone City Developers Private Limited

CAPITAL STRUCTURE

AFTER 30.09.2014

Authorised Capital: Rs.106.000 Million

Issued, Subscribed & Paid-up Capital: Rs.91.814 Million

AS ON 30.09.2014

Authorised Capital:

No. of Shares	Type	Value	Amount
7000000	Equity Shares	Rs.10/- each	Rs.70.000 Million

Issued, Subscribed & Paid-up Capital:

No. of Shares	Type	Value	Amount
5225247	Equity Shares	Rs.10/- each	Rs.52.252 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	52.252	52.252	52.252
(b) Reserves & Surplus	215.148	212.102	204.494
(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)	267.400	264.354	256.746
(3) Non-Current Liabilities
(a) long-term borrowings	5144.668	5386.367	4108.500
(b) Deferred tax liabilities (Net)	0.390	0.403	0.085
(c) Other long term liabilities	1015.457	1222.301	900.447
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	6160.515	6609.071	5009.032
(4) Current Liabilities
(a) Short term borrowings	0.000	7.500	0.000
(b) Trade payables	235.673	96.807	128.939
(c) Other current liabilities	2135.302	1384.678	1590.893
(d) Short-term provisions	1.478	3.278	5.431
Total Current Liabilities (4)	2372.453	1492.263	1725.263
TOTAL	8800.368	8365.688	6991.041
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	10.470	9.772	5.150
(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	57.233	57.232	57.232
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	99.635	237.855	917.942
(e) Other Non-current assets	8116.128	7545.693	5974.208
Total Non-Current Assets	8283.466	7850.552	6954.532
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	0.000	0.000	0.000
(c) Trade receivables	0.000	0.000	0.000
(d) Cash and cash equivalents	470.381	488.595	23.354
(e) Short-term loans and advances	0.000	0.000	0.000
(f) Other current assets	46.521	26.541	13.155
Total Current Assets	516.902	515.136	36.509
TOTAL	8800.368	8365.688	6991.041

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	1003.493	478.200	96.828
		Other Income	0.010	0.340	0.392
		TOTAL (A)	1003.503	478.540	97.220
Less	EXPENSES
		Cost of Materials Consumed	887.700	461.373	79.218
		Other Expenses	32.332	5.474	2.657
		TOTAL (B)	920.032	466.847	81.875
	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		83.471	[Including Financial Expenses]	[Including Financial Expenses]
Less	FINANCIAL EXPENSES (D)		77.564
	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		5.907	11.693	15.345
Less	DEPRECIATION/ AMORTISATION (F)		1.521	0.490	0.442
	PROFIT/(LOSS) BEFORE TAX (E-F) (G)		4.386	11.203	14.903
Less	TAX (H)		1.340	3.595	5.808
	PROFIT/(LOSS) AFTER TAX (G-H) (I)		3.046	7.608	9.095
	CIF VALUE OF IMPORTS		0.000	0.000	100.026
	Earnings Per Share (Rs.)		0.58	--	--

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	254.973	0.000	873.792
Cash generated from operations	NA	NA	NA
Net cash flow from (used in) operations	567.538	1200.967	1005.652

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin PAT / Sales	(%)	0.30	1.59	9.39
Operating Profit Margin (PBDIT/Sales)	(%)	8.32	NA	NA
Return on Total Assets (PBT/Total Assets)	(%)	0.05	0.13	0.21
Return on Investment (ROI) (PBT/Networth)		0.02	0.04	0.06
Debt Equity Ratio (Total Debt /Networth)		20.19	20.40	19.41
Current Ratio (Current Asset/Current Liability)		0.22	0.35	0.02

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	52.252	52.252	52.252
Reserves & Surplus	204.494	212.102	215.148
Net worth	256.746	264.354	267.400
long-term borrowings	4108.500	5386.367	5144.668
Short term borrowings	0.000	7.500	0.000
Current Maturities of Long term debt	873.792	0.000	254.973
Total borrowings	4982.292	5393.867	5399.641
Debt/Equity ratio	19.406	20.404	20.193

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	96.828	478.200	1003.493
		393.865	109.848

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	96.828	478.200	1003.493
Profit	9.095	7.608	3.046
	9.39%	1.59%	0.30%

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

INDEX OF CHARGE:

Sr. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10582787	09/07/2015	5,750,000,000.00	IL & FS TRUST COMPANY LIMITED	IL & FS FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRA, KURLA COMPLEX BANDRA EAST, MUMBAI, MAHARASHTRA  - 400051, INDIA	C60182847
2	10582796	09/07/2015	5,750,000,000.00	IL & FS TRUST COMPANY LIMITED	IL & FS FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRA, KURLA COMPLEX BANDRA EAST, MUMBAI, MAHARASHTRA  - 400051, INDIA	C60189024
3	10579059	03/07/2015	150,000,000.00	THE SWASTIK SAFE DEPOSIT AND INVESTMENTS LTD	4TH FLOOR, PIRAMAL TOWER ANNEXE,, GANPATRAO KADAM  MARG, LOWER PAREL,, MUMBAI, MAHARASHTRA - 400013, INDIA	C58484015
4	10579065	03/07/2015	150,000,000.00	THE SWASTIK SAFE DEPOSIT AND INVESTMENTS LTD	4TH FLOOR, PIRAMAL TOWER ANNEXE,, GANPATRAO KADAM  MARG, LOWER PAREL,, MUMBAI, MAHARASHTRA - 400013, INDIA	C58485293
5	10579074	03/07/2015	150,000,000.00	THE SWASTIK SAFE DEPOSIT AND INVESTMENTS LTD	4TH FLOOR, PIRAMAL TOWER ANNEXE,, GANPATRAO KADAM  MARG, LOWER PAREL,, MUMBAI, MAHARASHTRA - 400013, INDIA	C58487836
6	10580337	22/04/2015	5,750,000,000.00	IL & FS TRUST COMPANY LIMITED	IL & FS FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRA, KURLA COMPLEX BANDRA EAST, MUMBAI, MAHARASHTRA - 400051, INDIA	C57518961

*Date of modification Charges

FIXED ASSETS:

· Land

· Building

· Plant and Machinery

· Furniture and Fixture

· Office Equipment

· Computer

· Vehicles

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 :	GYT
Analysis Done by :	KIN
Report Prepared by :	NKT

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	6
--PROFITABILITY	1~10	5
--LIQUIDITY	1~10	2
--LEVERAGE	1~10	1
--RESERVES	1~10	5
--CREDIT LINES	1~10	6
--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		41

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.