MIRA INFORM REPORT

Report No. :	356996
Report Date :	29.12.2015

IDENTIFICATION DETAILS

Name :	SKYLARK MANSIONS PRIVATE LIMITED
Registered Office :	No 37/21, Skylark Chamber, Yellappachetty Layout,Ulsoor Road, Bangalore -560042, Karnataka
Tel. No.:	91- 80-41133888
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	31.10.1994
Com. Reg. No.:	08-016487
Capital Investment / Paid-up Capital :	Rs. 102.680 Million
CIN No.: [Company Identification No.]	U70101KA1994PTC016487
IEC No.:	0709028407
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AACCS6548L
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is engaged in the business of promoting and developing of residential and commercial properties.(Registered Activity)
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

Ba (44)

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

Maximum Credit Limit :	USD 790000
Status :	Satisfactory
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject was incorporated in the year 1994 having satisfactory track. Management has failed to file its financial for FY 15 with Registrar of Companies. The company has decent revenue base marked by satisfactory profit margin. It possesses efficient net worth base. However, rating is constrained on account of slightly leveraged capital structure and huge dip in its cash accruals. Trade relations are reported as fair. Business is active. Payments are slow but correct. The company can be considered for business dealings at usual trade terms and condition.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – March 31, 2015

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

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

EXTERNAL AGENCY RATING

Rating Agency Name	ICRA
Rating	Long term rating = “BB-“ (Withdrawn)
Rating Explanation	Inadequate credit quality and high credit risk
Date	April, 2015

Reason for Withdrawn: as currently there is no amount outstanding against the rate instrument

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 DECLINED

MANAGEMENT NON- COOPERATIVE

(TEL NO.: 91-80-41133888/ 25595471/ 91-9019777888/ 9590007788)

LOCATIONS

Registered Office :	No 37/21, Skylark Chamber, Yellappachetty Layout,Ulsoor Road, Bangalore -560042, Karnataka, India
Tel. No.:	91- 80-41133888
Fax No.:	91-80-25595471
E-Mail :	sales@skylarkmansions.com
Website :	http://www.skylarkmansions.com

DIRECTORS

AS ON 30.09.2014

Name :

Mr. Saleem Sheriff

Designation :

Director

Address :

2718, Al- Saqifah, Geethanjali Layout, Hal 3^rd Stage, Bangalore - 560075, Karnataka, India

Date of Birth/Age :

11.11.1958

Date of Appointment :

31.10.1994

PAN No.:

ABPPS0035H

DIN No.:

00483684

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	U70101KA1994PTC016487	SKYLARK MANSIONS PRIVATE LIMITED	Director	31/10/1994	31/10/1994	-	Active	NO
2	U45202KA2005PTC037279	AMBASCIATOR PROJECTS PRIVATE LIMITED	Director	28/03/2008	28/03/2008	29/05/2008	Strike off	NO
3	U45400KA2009PTC051876	3S INTERIORS INDIA PRIVATE LIMITED	Director	18/12/2009	18/12/2009	15/10/2012	Active	NO
4	U45203KA2012PTC064610	SKYLARK ARCADIA PRIVATE LIMITED	Director	28/06/2012	28/06/2012	-	Active	NO
5	U55101KA2012PTC064975	BYBLOS RESTAURANTS PRIVATE LIMITED	Director	24/07/2012	24/07/2012	-	Active	NO
6	U45205KA2013PTC067632	ITHACA ESTATES PRIVATE LIMITED	Director	23/01/2013	23/01/2013	-	Active	NO
7	U45203KA2014PTC074572	RIDA BUILDERS AND PROMOTERS PRIVATE LIMITED	Director	20/05/2014	20/05/2014	-	Active	NO
8	U45400KA2014PTC074588	ROYAUME ESTATES PRIVATE LIMITED	Director	21/05/2014	21/05/2014	-	Active	NO
9	U45205KA2015PTC080019	RIDA ESTATES PRIVATE LIMITED	Director	29/04/2015	29/04/2015	-	Active	NO
10	U45205KA2015PTC080084	ROYAUME DEVELOPERS PRIVATE LIMITED	Director	01/05/2015	01/05/2015	-	Active	NO
11	U45205KA2015PTC080109	RIDA DEVELOPERS PRIVATE LIMITED	Director	05/05/2015	05/05/2015	-	Active	NO
12	U45202KA2015PTC080389	ROYAUME BUILDERS AND PROMOTERS PRIVATE LIMITED	Director	18/05/2015	18/05/2015	-	Active	NO

Name :

Mr. Aslam Sheriff

Designation :

Director

Address :

No 2336, Sabeera, Hal 3^rd Stage, Vimanapura, Bangalore - 560017, Karnataka, India

Date of Birth/Age :

01.09.1962

Date of Appointment :

31.10.1994

PAN No.:

AHQPS4709R

DIN No.:

00528119

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	U70101KA1994PTC016487	SKYLARK MANSIONS PRIVATE LIMITED	Director	31/10/1994	31/10/1994	Active	NO
2	U74140KA2008PTC047405	SKYLARK PROPERTY MANAGEMENT SERVICES PRIVATE LIMITED	Director	11/08/2008	11/08/2008	Active	NO

Name :

Mr. Omar Sheriff

Designation :

Director

Address :

No 2718, Al Saqifah, 1^st Cross, Near New, Thippassandra P.O, Geethanjali Layout, Bangalore - 560075, Karnataka, India

Date of Birth/Age :

27.12.1985

Date of Appointment :

20.07.2012

PAN No.:

BDLPS7590A

DIN No.:

01268030

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	U70101KA1994PTC016487	SKYLARK MANSIONS PRIVATE LIMITED	Director	20/07/2012	01/02/2007	-	Active	NO
2	U74140KA2008PTC047405	SKYLARK PROPERTY MANAGEMENT SERVICES PRIVATE LIMITED	Director	11/08/2008	11/08/2008	-	Active	NO
3	U45203KA2012PTC064610	SKYLARK ARCADIA PRIVATE LIMITED	Director	28/06/2012	28/06/2012	-	Active	NO
4	U55101KA2012PTC064975	BYBLOS RESTAURANTS PRIVATE LIMITED	Director	24/07/2012	24/07/2012	23/11/2012	Active	NO
5	U45205KA2013PTC067632	ITHACA ESTATES PRIVATE LIMITED	Director	23/01/2013	23/01/2013	-	Active	NO
6	U45203KA2014PTC074572	RIDA BUILDERS AND PROMOTERS PRIVATE LIMITED	Director	20/05/2014	20/05/2014	-	Active	NO
7	U45400KA2014PTC074588	ROYAUME ESTATES PRIVATE LIMITED	Director	21/05/2014	21/05/2014	-	Active	NO
8	U45205KA2015PTC080019	RIDA ESTATES PRIVATE LIMITED	Director	29/04/2015	29/04/2015	-	Active	NO
9	U45205KA2015PTC080084	ROYAUME DEVELOPERS PRIVATE LIMITED	Director	01/05/2015	01/05/2015	-	Active	NO
10	U45205KA2015PTC080109	RIDA DEVELOPERS PRIVATE LIMITED	Director	05/05/2015	05/05/2015	-	Active	NO
11	U45202KA2015PTC080389	ROYAUME BUILDERS AND PROMOTERS PRIVATE LIMITED	Director	18/05/2015	18/05/2015	-	Active	NO

Name :

Mr. Shorab Sheriff

Designation :

Director

Address :

2718 Al-Saquifah, First Cross, Geethanjali Layout, New Thippasandra, Bangalore - 560075, Karnataka, India

Date of Appointment :

22.01.2015

DIN No.:

07053834

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	U45205KA2013PTC067632	ITHACA ESTATES PRIVATE LIMITED	Director	25/12/2014	25/12/2014	Active	NO
2	U70101KA1994PTC016487	SKYLARK MANSIONS PRIVATE LIMITED	Director	22/01/2015	22/01/2015	Active	NO

KEY EXECUTIVES

Name :	Mr. Madhusudhan Papakannu
Designation :	Secretary
Address :	No. 18, 18^th Cross, 20th B Main, Sms Layout, Kavery Road, JP Nagar 5th Phase, Bangalore - 560078, Karnataka, India
Date of Appointment :	01.09.2015
PAN No.:	BEVPS3761L

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2014

Names of Shareholders	No. of Shares
Saleem Sheriff	582003
Aslam Sheriff	7040
Nishat Saleem	113063
Asma Aslam Nawaz	1000
Mohammed Sheriff L.J	3520
Omkar Sheriff	248862
Syed Zeiba	38532
Saber Sheriff	3520
Shorab Sheriff	29260
Total	1026800

AS ON 30.09.2014

Equity Share Breakup	Percentage of Holding
Category
Directors or relatives of directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged in the business of promoting and developing of residential and commercial properties.(Registered Activity)

Products :

ITC Code No.	Product Descriptions
99531129	Construction of Residential Apartments and Buildings

Brand Names :

--

Agencies Held :

--

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Selling :

Not Divulged

Purchasing :

Not Divulged

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

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

Customers :

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

No. of Employees :

Not Divulged

Bankers :

Bank Name:	Not Divulged
Branch:	Not Divulged
Person Name (with Designation):	Not Divulged
Contact Number:	Not Divulged
Name of Account Holder:	Not Divulged
Account Number:	Not Divulged
Account Since (Date/ Year of A/c Opening):	Not Divulged
Average Balance Maintained (Optional):	Not Divulged
Credit Facilities Enjoyed (CC/OD/Term Loan):	Not Divulged
Account Operation:	Not Divulged
Remarks:	Not Divulged

· Vijaya Bank

Mayo Hall Branch,, P U Building, M G Road, Bangalore - 560001, Karnataka, India

Facilities :

SECURED LOANS	31.03.2014 (Rs. In Million)	31.03.2013 (Rs. In Million)
LONG-TERM BORROWINGS
Rupee term loans from others (Secured by an exclusive charge on the certain land and properties of the Company and receivables of the company, personal guarantee of Directors of the Company and hypothecation of certain equipment’s.)	40.168	149.922
Loans and advances from directors	383.513	0.000
Loans taken for vehicles	4.803	5.225
		0
Total	428.484	155.147

Banking Relations :	--
Financial Institutions :	· IL & FS Trust Company Limited IL & FS Financial Centreplot No C22 G Block Bandra  , Kurla Complex Bandra East, Mumbai - 400051, Maharashtra , India · 3I Infotech Trusteeship Services Limited 3^rd to 6^th Floor, International Infotech Park, T  Ower No.5, Vashi Railway Station Complex, Vashi, Navi Mumbai - 400703, Maharashtra, India · Altico Capital India Private Limited 7^th Floor, Mudra House, Opposite Grand Hyatt Santacruz (East), Mumbai - 400055, Maharashtra, India
Auditors :
Name :	Sridhar and Brito Chartered Accountants
Address :	No. 82, 3^rd Floor, St Bed, 4th Block Koramangala, Bangalore-560034, Karnataka, India
Income-tax PAN of auditor or auditor's firm :	AACFS5726M
Memberships :	--
Collaborators :	--
Subsidiary Companies:	· Skylark Arcadia Private Limited (U45203KA2012PTC064610) · Ithaca Estates Private Limited (U45205KA2013PTC067632)
Associates	· Skylark Property Management Services Private Limited (U74140KA2008PTC047405) · Byblos Restaurant Private Limited (U55101KA2012PTC064975)
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives :	· Skylark Builders · Skylark Greens
Other Related Parties :	· Skylark Habitat · Skylark Village

CAPITAL STRUCTURE

AS ON 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
1,900,000	Equity Shares	Rs. 100/- each	Rs. 190.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1,026,800	Equity Shares	Rs. 100/- each	Rs. 102.680 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	102.680	102.680	102.680
(b) Reserves & Surplus	173.812	140.191	111.132
(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)	276.492	242.871	213.812
(3) Non-Current Liabilities
(a) Long-term borrowings	428.484	728.492	198.083
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	2.041	0.938	0.496
Total Non-current Liabilities (3)	430.525	729.430	198.579
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	130.741	110.081	111.864
(c) Other current liabilities	833.257	831.387	449.526
(d) Short-term provisions	25.890	23.720	1.013
Total Current Liabilities (4)	989.888	965.188	562.403
TOTAL	1696.905	1937.489	974.794
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	51.821	47.940	49.131
(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	9.667	7.560	10.983
(c) Deferred tax assets (net)	2.763	2.190	1.303
(d) Long-term Loan and Advances	68.411	150.729	111.915
(e) Other Non-current assets	0.375	0.375	0.375
Total Non-Current Assets	133.037	208.794	173.707
(2) Current assets
(a) Current investments	5.066	34.341	0.000
(b) Inventories	882.990	560.351	604.513
(c) Trade receivables	100.340	104.291	103.767
(d) Cash and cash equivalents	138.805	330.247	45.989
(e) Short-term loans and advances	436.323	699.151	46.754
(f) Other current assets	0.344	0.314	0.064
Total Current Assets	1563.868	1728.695	801.087
TOTAL	1696.905	1937.489	974.794

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income from Operations	641.609	704.353	399.151
		Other Income	NA	NA	NA
		TOTAL	NA	NA	NA
Less	EXPENSES
		TOTAL	NA	NA	NA
	PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		51.715	46.826	86.670
Less/ Add	DEPRECIATION/ AMORTISATION		6.717	6.054	5.002
	PROFIT/ (LOSS) BEFORE TAX		44.998	40.772	81.668
Less	TAX		11.378	11.713	11.145
	PROFIT/ (LOSS) AFTER TAX		33.620	29.059	70.523
	Earnings Per Share (Rs.)		32.74	28.30	68.68

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	573.392	302.479	68.199
Cash Generated from Operating Activities	NA	NA	NA
Net Cash Flow from used in Operations	(89.519)	(436.629)	(130.223)

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	5.24	4.13	17.67
Return on Total Assets (PBT/Total Assets}	(%)	2.67	2.12	8.48
Return on Investment (ROI) (PBT/Networth)		0.16	0.17	0.38
Debt Equity Ratio (Total Debt/Networth)		3.62	4.24	1.25
Current Ratio (Current Asset/Current Liability)		1.58	1.79	1.42

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	102.680	102.680	102.680
Reserves & Surplus	111.132	140.191	173.812
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	213.812	242.871	276.492
Long-term borrowings	198.083	728.492	428.484
Short term borrowings	0.000	0.000	0.000
CURRENT MATURITIES OF LONG-TERM DEBTS	68.199	302.479	573.392
Total borrowings	266.282	1030.971	1001.876
Debt/Equity ratio	1.245	4.245	3.624

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	399.151	704.353	641.609
		76.463	-8.908

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	399.151	704.353	641.609
Profit	70.523	29.059	33.620
	17.67%	4.13%	5.24%

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	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	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	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	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 CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10590029	04/09/2015	700,000,000.00	ALTICO CAPITAL INDIA PRIVATE LIMITED	7TH FLOOR, MUDRA HOUSE, OPP. GRAND HYATT SANTACRUZ (EAST), MUMBAI - 400055, MAHARASHTRA, INDIA	C63698062
2	10589966	03/09/2015	700,000,000.00	ALTICO CAPITAL INDIA PRIVATE LIMITED	7TH FLOOR, MUDRA HOUSE, OPP. GRAND HYATT SANTACRUZ (EAST), MUMBAI - 400055, MAHARASHTRA, INDIA	C63697395
3	10589971	03/09/2015	700,000,000.00	ALTICO CAPITAL INDIA PRIVATE LIMITED	7TH FLOOR, MUDRA HOUSE, OPP. GRAND HYATT SANTACRUZ (EAST), MUMBAI - 400055, MAHARASHTRA, INDIA	C63698435
4	10575428	02/06/2015	659,980,000.00	IL & FS TRUST COMPANY LIMITED	IL & FS FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRA  , KURLA COMPLEX BANDRA EAST, MUMBAI - 400051, MAHARASHTRA , INDIA	C56698525
5	10545973	24/02/2015 *	1,500,000,000.00	3I INFOTECH TRUSTEESHIP SERVICES LIMITED	3RD TO 6TH FLOOR, INTERNATIONAL INFOTECH PARK,, T  OWER NO.5, VASHI RAILWAY STATION COMPLEX, VASHI, NAVI MUMBAI - 400703, MAHARASHTRA, INDIA	C44420032
6	10512229	04/09/2015 *	9,000,000.00	IL & FS TRUST COMPANY LIMITED	IL & FS FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRA  , KURLA COMPLEX BANDRA EAST, MUMBAI - 400051, MAHARASHTRA , INDIA	C63678064
7	10464057	08/11/2013	3,422,000.00	ICICI BANK LIMITED	LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA - 390015, GUJARAT, INDIA	B91064550
8	10450460	31/08/2013	45,000,000.00	L&T HOUSING FINANCE LIMITED	UNIT NO.505 & 506, DLF TOWER B, DISTRICT CENTRE,  JASOLA,, BANGALORE - 110025, KARNATAKA, INDIA	B85526416
9	10431415	17/05/2013	600,000.00	VIJAYA BANK	MAYO HALL BRANCH,, P U BUILDING, M G ROAD, BANGALORE - 560001, KARNATAKA, INDIA	B77223253
10	80039172	08/11/2012 *	85,000.00	VIJAYA BANK	MAYO HALL BRANCH,, P U BUILDING, M G ROAD, BANGALORE - 560001, KARNATAKA, INDIA	B63880611

* Date of charge modification

UNSECURED LOANS

PARTICULARS	31.03.2014 (Rs. In Million)	31.03.2013 (Rs. In Million)
LONG-TERM BORROWINGS
Loans and advances from directors	0.000	318.800
Loans and advances from others	0.000	254.545
Total	0.000	573.345

PERFORMANCE

During the period, the Company has recorded a turnover of Rs. 641.609 million as and the profit of Rs. 33.620 million.

CORPORATE INFORMATION

The company is a private company domiciled in India and incorporated under the provisions of the Companies Act, 1956. The company is engaged in the business of promoting and developing of residential and commercial properties.

FIXED ASSETS:

· Land

· Buildings

· Plant and Equipment

· Factory Equipment’s

· Furniture and Fixtures

· Vehicles

· Office Equipment

· Computer Equipment’s

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.66.14
UK Pound	1	Rs.98.69
Euro	1	Rs.72.55

INFORMATION DETAILS

Information Gathered by :	KMN
Analysis Done by :	AMR
Report Prepared by :	ARC

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
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	4
--LEVERAGE	1~10	4
--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		44

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.