MIRA INFORM REPORT

Report No. :	307646
Report Date :	12.02.2015

IDENTIFICATION DETAILS

Name :	AFCONS INFRASTRUCTURE LIMITED (w.e.f. August 1996)
Formerly Known As :	ASIA FOUNDATIONS AND CONSTRUCTIONS LIMITED
Registered Office :	“Afcons House”, 16, Shah Industrial Estate, Veera Desai Road, Azad Nagar, P O, Andheri (West), Mumbai - 400053, Maharashtra
Country :	India
Financials (as on) :	31.03.2014 (Profit and Loss A/c)
Date of Incorporation :	22.11.1976
Com. Reg. No.:	11-019335
Capital Investment / Paid-up Capital :	Rs.4219.702 Millions
CIN No.: [Company Identification No.]	U45200MH1976PLC019335
IEC No.:	0388053283
TAN No.: [Tax Deduction & Collection Account No.]	MUMA09981G/ MUMA19369A/ MUMA20959B
PAN No.: [Permanent Account No.]	AAACA9067G
Legal Form :	A Closely Held Public Limited Liability Company.
Line of Business :	Subject is engaged in Marine Works, Highways, Bridges, Metro Works, Power Houses, Tunnels, Oil and Gas, LNG Tanks and other general Civil Engineering Projects both in India and Overseas.
No. of Employees :	2000 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

A (66)

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Good
Payment Behaviour :	Regular
Litigation :	Exist
Comments :	Subjects is a part of the Shapoorji Pallonji Group. It is a well-established and reputed company having good track record. Financial position of the company seems to be strong. Fundamental are healthy. Trade relations are fair. Business is active. Payment terms are reported to be regular and as per commitment. The company can be considered normal for business dealings at usual trade terms and condition. Note: Balance sheet for the year 2014 could not be made available from any source.

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 – December 31, 2014

Country Name	Previous Rating (30.09.2014)	Current Rating (31.12.2014)
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	CRISIL
Rating	Long term rating = AA-
Rating Explanation	Have high degree of safety and carry very low credit risk.
Date	January 23, 2015

Rating Agency Name	CRISIL
Rating	Short term rating = A1+
Rating Explanation	Have very strong degree of safety and carry lowest credit risk.
Date	January 23, 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 31-03-2014.

INFORMATION PARTED BY

Name :	Mr. Sachin Sharma
Designation :	Senior Finance Manager
Contact No.:	91-22-67191000
Date :	10.02.2015

LOCATIONS

Registered Office :	“Afcons House”, 16, Shah Industrial Estate, Veera Desai Road, Azad Nagar, P O, Andheri (West), Mumbai - 400053, Maharashtra, India
Tel. No.:	91-22-26731107 / 26367091 / 7093 / 66773100 Ext 138 / 66773214 / 66773241/ 67191000 / 66773241 / 67191100
Fax No.:	91-22-26730047/ 26730026/ 26369052 / 26315910 / 26731031 / 26730027/ 26367093
E-Mail :	asia.afcons@gems.vsnl.net.in rajendran@afcons.com bd@afcons.com
Website :	http://www.afcons.com
Branch Office:	403, Mercantile House, Krishna, 15, Kasturba Gandhi Marg, New Delhi – 110001, India
Tel No.:	91-11-23713454/23713455
Domestic Offices :	Located at : · New Delhi · Chennai · Kolkata · Nagpur
International Offices :	Located at : · Mauritius · Oman · Abu Dhabi · Indonesia

DIRECTORS

As on 30.09.2014

Name :

Mr. Subrahmanian Krishnamurthy

Designation :

Managing director

Address :

D-1103, Lake Lucerne, Ekta Supreme Housing Complex, Off Adi sankaraharya Marg, Near Gopal Sharma School, Powai, Mumbai-400070, Maharashtra, India

Date of Birth/Age :

03.06.1958

Qualification:

B.E. P.G.D.I.E.

Date of Appointment :

01.07.2014

DIN No.:

00047592

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	U45200MH1976PLC019335	AFCONS INFRASTRUCTURE LIMITED	Managing director	01/07/2014	15/11/2002	-	Active	NO
2	U35110GJ2008PLC054507	SIMAR PORT LIMITED	Director	17/07/2008	17/07/2008	-	Active	NO

Name :

Mr. Paramasivan Srinivasan

Designation :

Managing director

Address :

Venus Flat No. 85, Versova Venus Housing Society, Plot No. 6, R D P 2, SVP Nagar, Versova, Mumbai – 400053, Maharashtra, India

Date of Birth/Age :

20.05.1957

Qualification:

B.Com, CAIIB, FICWA, FCS

Date of Appointment :

01.04.2014

DIN No.:

00058445

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	U74210MH1971PLC015196	FOURESS ENGINEERING(INDIA) LIMITED	Director	26/10/1998	26/10/1998	02/01/2012	Active	NO
2	U45200MH1976PLC019335	AFCONS INFRASTRUCTURE LIMITED	Managing director	01/07/2014	10/06/2002	-	Active	NO
3	U28920MH1985PTC036876	AFCONS CORROSION PROTECTION PRIVATE LIMITED	Director	12/02/2003	12/02/2003	-	Active	NO
4	U45209MH1981PTC025099	AFCONS (MID EAST) CONSTRUCTIONS INVESTMENTS PRIVATE LIMITED	Director	12/02/2003	12/02/2003	-	Active	NO
5	L25100MH1965PLC013379	THE RUBBER PRODUCTS LIMITED	Director	11/09/2008	28/05/2008	02/11/2011	Active	NO

Name :

Mr. Shapoor Pallonji Mistry

Designation :

Director

Address :

Sterling Bay 103, Walkeshwar Road, Mumbai – 400 006, Maharashtra, India

Date of Birth/Age :

06.09.1964

Date of Appointment :

23.03.2012

Din No.:

00010114

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	U28100MH1920PLC000807	UNITED MOTORS (INDIA) LIMITED	Director	16/03/1983	16/03/1983	10/11/2011	Active	NO
2	U01211MH1939PTC003017	THE MANJRI STUD FARM PRIVATE LIMITED	Director	21/07/1986	21/07/1986	11/03/2009	Active	NO
3	U45200MH1943PTC003812	SHAPOORJI PALLONJI AND COMPANY Private Limited	Director	21/03/2014	22/04/1987	-	Active	NO
4	U65920MH1994PLC077480	SHAPOORJI PALLONJI FINANCE LIMITED	Director	04/04/1994	04/04/1994	-	Active	NO
5	U31100MH1995PLC084278	SHAPOORJI PALLONJI POWER COMPANY LIMITED	Director	16/01/1995	16/01/1995	-	Active	NO
6	U45200MH1951PTC008529	PALLONJI SHAPOORJI AND COMPANYMPANY PRIVATE LIMITED	Director	17/11/1995	17/11/1995	-	Active	NO
7	U70100MH1943PTC003997	STERLING INVESTMENT CORPORATION PRIVATE LIMITED	Director	17/11/1995	17/11/1995	-	Active	NO
8	U65920MH1923PTC001053	CYRUS INVESTMENTS Private Limited	Director	17/11/1995	17/11/1995	-	Active	NO
9	U99999MH1942PTC019618	SHAPOORJI PALLONJI AND COMPANY (RAJKOT) PRIVATE LIMITED	Director	20/11/1995	20/11/1995	-	Amalgamated	NO
10	U65990MH1997PTC108596	SHAPOORJI PALLONJI INFRASTRUCTURE CAPITAL COMPANY Private Limited	Director	06/11/1997	06/11/1997	-	Active	NO
11	U40109TN1995PTC033944	SAMALPATTI POWER COMPANY PRIVATE LIMITED	Director	04/12/1999	04/12/1999	-	Active	NO
12	L17110MH1919PLC000628	FORBES & COMPANY LIMITED	Director	03/09/2001	03/09/2001	-	Active	NO
13	U27109WB1931PLC007010	EUREKA FORBES LIMITED	Director	15/03/2002	15/03/2002	-	Active	NO
14	U70200MH2003PLC139672	NUEVO CONSULTANCY SERVICES LIMITED	Director	28/03/2003	28/03/2003	20/06/2011	Active	NO
15	L74999MH1902PLC000183	THE INDIAN HOTELS COMPANY LIMITED	Director	17/04/2003	17/04/2003	-	Active	NO
16	U24232PN2003PTC017981	SOVEREIGN PHARMA PRIVATE LIMITED	Director	28/05/2003	28/05/2003	-	Active	NO
17	U11200MH2005PTC154716	S P OIL EXPLORATION PRIVATE LIMITED	Director	12/07/2005	12/07/2005	-	Active	NO
18	U55100MH1977PLC019660	FORVOL INTERNATIONAL SERVICES LIMITED	Director	19/08/2006	19/08/2006	-	Active	NO
19	L17116KA2006PLC038839	GOKAK TEXTILES LIMITED	Director	13/08/2007	29/11/2006	-	Active	NO
20	U45200MH1976PLC019335	AFCONS INFRASTRUCTURE LIMITED	Director	23/03/2012	20/12/2006	-	Active	NO
21	U35100MH2006PLC159958	FORBES BUMI ARMADA LIMITED	Director	28/09/2007	28/09/2007	18/12/2008	Active	NO
22	U74120MH2010PTC205291	KAISHA LIFESCIENCES PRIVATE LIMITED	Director	06/07/2010	06/07/2010	-	Active	NO
23	U40103KA2012PLC062107	GOKAK POWER & ENERGY LIMITED	Director	17/01/2012	17/01/2012	24/06/2014	Active	NO

Name :

Mr. Narendra Jamnadas Jhaveri

Designation :

Director

Address :

C-42, Samprat Residency, Opposite Parivar Society, Premchand Nagar Road, Bodekdev – Ahmedabad – 380015, Gujarat, India

Date of Birth/Age :

09.08.1935

Qualification:

M.A. , M.SC (FCM)

Date of Appointment :

22.03.1996

Din No.:

00198912

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	U27203WB1938PLC009515	INDIAN ALUMINIUM CO LIMITED	Director	26/10/1991	26/10/1991	-	Amalgamated	NO
2	U45200MH1976PLC019335	AFCONS INFRASTRUCTURE LIMITED	Director	22/03/1996	22/03/1996	-	Active	NO
3	L31400WB1986PLC091621	USHA MARTIN LIMITED	Director	29/03/1996	29/03/1996	28/07/2010	Active	NO
4	L24100MH1969PLC014336	PIDILITE INDUSTRIES LIMITED	Director	18/06/1996	18/06/1996	-	Active	NO
5	U72900MH1995PLC095642	NSDL e-Governance Infrastructure Limited	Director	18/10/1996	18/10/1996	09/08/2007	Active	NO
6	L29308MH1954PLC009371	VOLTAS LIMITED	Director	10/08/1998	10/08/1998	09/08/2010	Active	NO
7	L29130MH1961PLC011980	SKF INDIA LIMITED	Director	10/02/2000	10/02/2000	05/03/2011	Active	NO
8	L28920MH1957PLC010839	SIEMENS LIMITED	Director	09/11/2000	09/11/2000	-	Active	NO
9	U55101MH1985PTC152863	JUNIPER HOTELS PRIVATE LIMITED	Director	13/06/2001	13/06/2001	-	Active	NO
10	U99999MH1986PLC093854	Siemens Technology and Services Private Limited	Director	01/04/2005	01/04/2005	26/09/2009	Active	NO
11	L21011WB1936PLC008726	STAR PAPER MILLS LIMITED.	Director	30/05/2005	30/05/2005	22/05/2007	Active	NO
12	L40200GJ1998SGC035188	GUJARAT STATE PETRONET LIMITED	Director	28/09/2006	01/10/2005	02/02/2009	Active	NO
13	L27020MH1958PLC011238	HINDALCO INDUSTRIES LIMITED	Director	24/09/2014	30/01/2006	-	Active	NO
14	U85110KA1999PTC024701	MANIPAL HEALTH SYSTEMS PRIVATE LIMITED	Director	17/05/2006	17/05/2006	08/03/2008	Active	NO
15	L26940MH2000PLC128420	ULTRATECH CEMENT LIMITED	Director	20/07/2007	16/10/2006	04/04/2012	Active	NO
16	L85910GJ1974PLC002595	SIEMENS HEALTHCARE DIAGNOSTICS LIMITED	Additional director	30/04/2007	30/04/2007	-	Amalgamated	NO
17	U67190MH2007PTC168303	Phoenix ARC Private Limited	Director	02/09/2008	29/06/2007	-	Active	NO
18	L99999MH1995PLC094641	Edelweiss Financial Services Limited	Director	25/07/2014	21/07/2007	-	Active	NO
19	U65923GJ1990PLC013966	GVFL LIMITED	Director	23/09/2008	06/12/2007	12/08/2013	Active	NO
20	U67110AP1993PLC052266	EDELWEISS SECURITIES LIMITED	Director	09/09/2014	14/01/2008	-	Active	NO
21	L26959GJ2009PLC058011	SAMRUDDHI CEMENT LIMITED	Director	24/07/2010	18/05/2010	-	Amalgamated	NO
22	U24231GJ1991PLC015132	CADILA PHARMACEUTICALS LIMITED	Director	30/12/2013	07/05/2013	-	Active	NO

Name :

Mr. Naushir Dara Khurody

Designation :

Director

Address :

12 A, Darbhanga Mansions, M L Dhanukar Marg, Mumbai – 400026, Maharashtra, India

Date of Birth/Age :

26.10.1936

Qualification:

M.A. (Cantab.) Economics (Hons)

Date of Appointment :

30.09.2014

Din No.:

00007150

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	U74100MH1977PTC019472	KHURODY TECHNICAL SERVICES PRIVATE LIMITED	Director	08/04/1983	08/04/1983	-	Active	NO
2	U27109WB1931PLC007010	EUREKA FORBES LIMITED	Director	28/05/1999	28/05/1999	19/11/2012	Active	NO
3	U22120MH1978PLC020849	SAMRAT HOLDINGS LIMITED	Director	24/09/2001	24/09/2001	-	Amalgamated	NO
4	U67120MH1983PLC029632	VANTECH INVESTMENTS LIMITED	Director	22/10/2001	22/10/2001	-	Amalgamated	NO
5	L29308MH1954PLC009371	VOLTAS LIMITED	Director	28/01/2002	28/01/2002	16/08/2011	Active	NO
6	U74140MH2001PTC134220	HSBC ASSET MANAGEMENT (INDIA) PRIVATE LIMITED	Director	07/02/2002	07/02/2002	01/09/2008	Active	NO
7	L17110MH1919PLC000628	FORBES & COMPANY LIMITED	Director	17/03/2004	17/03/2004	21/08/2012	Active	NO
8	U22100MH2004PLC149173	NEXT GEN PUBLISHING LIMITED	Director	31/01/2005	31/01/2005	22/06/2009	Active	NO
9	U70200MH2003PLC139672	NUEVO CONSULTANCY SERVICES LIMITED	Director	04/02/2005	04/02/2005	08/04/2008	Active	NO
10	U26933KL1991PLC006018	TATA CERAMICS LIMITED	Director	23/01/2006	23/01/2006	01/10/2011	Active	NO
11	U45200MH1976PLC019335	AFCONS INFRASTRUCTURE LIMITED	Director	30/09/2014	22/12/2006	-	Active	NO
12	U67190MH2005PLC153819	MILESTONE CAPITAL ADVISORS LIMITED	Director	29/08/2007	17/04/2007	-	Active	NO
13	U29197UR2002PLC033315	FORBES AQUAMALL LIMITED	Director	26/09/2008	26/09/2008	-	Amalgamated	NO
14	U29219TG1980PLC002851	AQUAMALL WATER SOLUTIONS LIMITED	Director	26/09/2008	26/09/2008	19/11/2012	Active	NO
15	U74900MH2008PLC182240	ECOFIRST SERVICES LIMITED	Director	09/09/2009	08/10/2008	18/01/2013	Active	NO
16	U93090MH2009PTC191515	IBOF INVESTMENT MANAGEMENT PRIVATE LIMITED	Director	20/05/2010	08/04/2009	21/03/2013	Active	NO
17	U74999HR2000PLC035269	GROW TALENT COMPANY LIMITED	Director	07/09/2012	19/04/2012	28/08/2013	Active	NO

Name :

Mr. Pradip Narotam Kapadia

Designation :

Director

Address :

Govind Building, 140, Princess Street, Mumbai – 400002, Maharashtra, India

Date of Birth/Age :

30.09.1951

Qualification:

B.A. , L.L.B.

Date of Appointment :

30.09.2008

Din No.:

00078673

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	U65910GJ1979PTC003314	SUMANGLA INVESTMENTS PRIVATE LIMITED	Director	17/05/1984	17/05/1984	-	Active	NO
2	U74300MH1979PTC021542	HTA MARKETING SERVICES PRIVATE LIMITED	Director	30/06/1984	30/06/1984	-	Active	NO
3	L24110MH1998PLC115499	NAVIN FLUORINE INTERNATIONAL LIMITED	Director	25/06/2014	21/01/2003	-	Active	NO
4	U17114GJ1995PLC027397	MAFATLAL DENIM LIMITED	Director	31/03/2006	31/03/2006	-	Amalgamated	NO
5	U99999MH1938PTC002771	HINDUSTAN THOMPSON ASSOCIATES PRIVATE LIMITED	Director	22/06/2007	23/08/2006	-	Active	NO
6	U45200MH1976PLC019335	AFCONS INFRASTRUCTURE LIMITED	Director	30/09/2008	28/11/2006	-	Active	NO
7	L17116KA2006PLC038839	GOKAK TEXTILES LIMITED	Director	25/09/2009	12/09/2008	-	Active	NO
8	U67190MH2008PTC181421	C.C.CHOKSHI ADVISORS PRIVATE LIMITED	Director	23/09/2009	24/11/2008	-	Active	NO
9	U74120MH2011PTC224699	HUNGAMA DIGITAL SERVICES PRIVATE LIMITED	Director	27/06/2013	26/04/2013	-	Active	NO
10	L17110GJ1913PLC000035	MAFATLAL INDUSTRIES LIMITED	Director	05/08/2014	30/05/2013	-	Active	NO
11	U72900MH2009PTC191549	SOCIAL PR OUTSOURCING PRIVATE LIMITED	Director	25/09/2014	28/08/2014	-	Active	NO

Name :

Mr. Umesh Narain Khanna

Designation :

Director appointed in casual vacancy

Address :

12 A, Darbhanga Mansions, M L Dhanukar Marg, Mumbai – 400026, Maharashtra, India

Date of Birth/Age :

08.07.1957

Qualification:

MBA,B.E (Electrical Engineer)

Date of Appointment :

30.09.2014

DIN No.:

03634361

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	U40106DL2008PLC179793	BF-NTPC Energy Systems Limited	Director	19/09/2011	19/09/2011	31/01/2012	Active	NO
2	U65990MH1997PTC108596	SHAPOORJI PALLONJI INFRASTRUCTURE CAPITAL COMPANY Private Limited	Director	27/09/2012	20/06/2012	-	Active	NO
3	U74999UP2008PLC035469	BHARAT RENEWABLE ENERGY LIMITED	Director	27/08/2013	26/07/2012	-	Active	NO
4	U45200MH1976PLC019335	AFCONS INFRASTRUCTURE LIMITED	Director	30/09/2014	22/08/2012	-	Active	NO
5	U61100MH2006PLC163149	Shapoorji Pallonji Forbes Shipping Limited	Director	27/08/2014	09/07/2014	-	Active	NO
6	U45201MH1984PTC034108	SHAPOORJI PALLONJI PROJECTS PRIVATE LIMITED	Director	30/09/2014	15/07/2014	-	Active	NO

Name :

Mr. Jimmy Jehangir Parakh

Designation :

Director

Address :

502, Sterling Tower, Harishchandra Goregaonkar Marg, Gamdevi, Mumbai – 400007, Maharashtra, India

Date of Birth/Age :

01.10.1949

Date of Appointment :

30.09.2014

DIN No.:

00004945

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	U51900MH1979PTC021128	S C IMPEX PRIVATE LIMITED	Director	30/07/1984	30/07/1984	10/12/2007	Active	NO
2	U61790MH1985PTC035376	SILVER STREAK INVESTMENT PRIVATE LIMITED	Director	16/02/1985	16/02/1985	21/06/2011	Active	NO
3	U65990MH1985PTC035404	BLUE ARROW FINANCE CO PRIVATE LIMITED	Director	19/02/1985	19/02/1985	16/06/2011	Active	NO
4	U74999MH1985PTC037814	SHAPOORJI DATA PROCESSING PRIVATE LIMITED	Director	02/05/1986	02/05/1986	10/12/2007	Active	NO
5	U28100MH1920PLC000807	UNITED MOTORS (INDIA) LIMITED	Director	01/09/1986	01/09/1986	-	Active	NO
6	U65990MH1979PTC021790	S P FINANCE PRIVATE LIMITED	Director	20/01/1987	20/01/1987	-	Active	NO
7	U45200MH1943PTC003812	SHAPOORJI PALLONJI AND COMPANY Private Limited	Director	22/04/1987	22/04/1987	01/04/2011	Active	NO
8	U65990MH1979PTC021792	FINVESTCO INVESTMENTS PRIVATE LIMITED	Director	15/03/1989	15/03/1989	-	Amalgamated	NO
9	U65990MH1989PTC051347	DAY STAR TRADING PRIVATE LIMITED	Director	12/04/1989	12/04/1989	07/05/2008	Active	NO
10	U65990MH1989PTC051373	WEST STAR FINANCE AND INVESTMENTS PRIVATE LIMITED	Director	13/04/1989	13/04/1989	13/06/2011	Active	NO
11	U51900TG1979PTC081529	STERLING OVERSEAS IMPEX PRIVATE LIMITED	Director	29/05/1989	29/05/1989	11/04/2012	Active	NO
12	U67130MH1989PTC051192	HEMINISHI INVESTMENT PRIVATE LIMITED	Director	12/06/1989	12/06/1989	-	Amalgamated	NO
13	U74999MH1993PTC071499	ADVANCE TECH ENERGY ADDITIVES PRIVATE LIMITED	Director	15/04/1993	15/04/1993	-	Active	NO
14	U55200MH1993PTC072856	SHAPOORJI HOTELS PRIVATE LIMITED	Director	14/07/1993	14/07/1993	14/06/2011	Active	NO
15	U65920MH1994PLC077480	SHAPOORJI PALLONJI FINANCE LIMITED	Director	04/07/1994	04/07/1994	27/06/2011	Active	NO
16	U26100MH1994PTC083938	SCHOTT KAISHA PRIVATE LIMITED	Director	21/12/1994	21/12/1994	-	Active	NO
17	U67120MH1995PTC084748	ADARO SECURITIES PRIVATE LIMITED	Director	19/01/1995	19/01/1995	-	Active	NO
18	U99999MH1995PTC085899	STERLING GENERATORS PRIVATE LIMITED	Director	24/02/1995	24/02/1995	-	Active	NO
19	U70200MH1995PTC085932	CHINSHA PROPERTY PRIVATE LIMITED	Director	28/02/1995	28/02/1995	10/12/2007	Active	NO
20	U65990MH1989PTC050954	FLORAL FINANCE PRIVATE LIMITED	Director	26/06/1996	26/06/1996	10/12/2007	Active	NO
21	U25192MH1993PTC072591	S P FABRICATORS PRIVATE LIMITED	Director	12/12/1996	12/12/1996	15/04/2011	Active	NO
22	U65993MH1998PTC113592	CAMA PROPERTIES PRIVATE LIMITED	Director	17/02/1998	17/02/1998	10/12/2007	Amalgamated	NO
23	U70101MH1998FTC114830	FAERY ESTATES PRIVATE LIMITED	Director	24/05/2007	08/05/1998	30/04/2008	Active	NO
24	U70100MH1995PTC092856	JOYOUS HOUSING Private Limited	Director	17/08/1998	17/08/1998	26/01/2009	Active	NO
25	U70100MH1998PTC114764	GRAND VIEW ESTATES PRIVATE LIMITED	Director	15/06/1999	15/06/1999	05/05/2008	Active	NO
26	U70200MH1995PTC084751	PALCHIN REAL ESTATES PRIVATE LIMITED	Director	24/01/2000	24/01/2000	10/12/2007	Active	NO
27	U45209MH1981PTC025099	AFCONS (MID EAST) CONSTRUCTIONS INVESTMENTS PRIVATE LIMITED	Director	20/06/2000	20/06/2000	-	Active	NO
28	U70100MH1943PTC003997	STERLING INVESTMENT CORPORATION PRIVATE LIMITED	Director	01/12/2008	18/10/2000	-	Active	NO
29	U28920MH1979PTC021425	CYRUS ENGINEERS PRIVATE LIMITED	Director	26/12/2000	26/12/2000	10/12/2007	Active	NO
30	U67120MH1979PTC021592	S C FINANCE AND INVESTMENTS PRIVATE LIMITED	Director	03/09/2002	03/09/2002	-	Active	NO
31	U65993MH1989PTC051774	GLITTERING GOLD FINANCE PRIVATE LIMITED	Director	05/09/2002	05/09/2002	16/06/2011	Active	NO
32	U70200MH2003PLC139672	NUEVO CONSULTANCY SERVICES LIMITED	Director	28/03/2003	28/03/2003	20/06/2011	Active	NO
33	U65990MH1979PTC021791	CRYSTAL INVESTMENT COMPANY PRIVATE LIMITED	Director	16/04/2003	16/04/2003	09/06/2014	Active	NO
34	U70100MH1998PTC114759	MERILAND ESTATES PRIVATE LIMITED	Director	17/04/2003	17/04/2003	30/05/2008	Active	NO
35	U92490MH2003PTC139673	DHAN GAMING SOLUTION (INDIA) PRIVATE LIMITED	Director	21/06/2004	21/06/2004	24/02/2009	Active	NO
36	U11200MH2005PTC154716	S P OIL EXPLORATION PRIVATE LIMITED	Director	12/07/2005	12/07/2005	15/06/2011	Active	NO
37	U65920MH1923PTC001053	CYRUS INVESTMENTS Private Limited	Director	26/08/2005	26/08/2005	10/11/2008	Active	NO
38	U45200MH2005PTC158083	HIGHSTREET DEVELOPERS PRIVATE LIMITED	Director	16/12/2005	16/12/2005	30/04/2008	Active	NO
39	U70100MH2005PTC158264	WINDWARD BUILDERS PRIVATE LIMITED	Director	22/12/2005	22/12/2005	30/04/2008	Active	NO
40	U45200MH2005PTC158340	FLOORAISE DEVELOPERS PRIVATE LIMITED	Director	27/12/2005	27/12/2005	25/08/2008	Active	NO
41	U22100MH2004PLC149173	NEXT GEN PUBLISHING LIMITED	Director	03/02/2006	03/02/2006	08/04/2013	Active	NO
42	U45200MH2006PTC160662	Manjri Developers Private Limited	Director	23/03/2006	23/03/2006	10/12/2007	Active	NO
43	U45200MH1976PLC019335	AFCONS INFRASTRUCTURE LIMITED	Director	30/09/2014	22/12/2006	-	Active	NO
44	U65990MH1997PTC108596	SHAPOORJI PALLONJI INFRASTRUCTURE CAPITAL COMPANY Private Limited	Director	28/03/2007	28/03/2007	20/06/2011	Active	NO
45	U65990MH1988PTC049619	BENGAL SHAPOORJI HOUSING DEVELOPMENT PRIVATE LIMITED	Director	05/06/2007	05/06/2007	30/04/2008	Active	NO
46	U65990MH1996PTC102459	BENGAL SHAPOORJI DEVELOPERS PRIVATE LIMITED	Director	05/06/2007	05/06/2007	30/04/2008	Active	NO
47	U70102MH2007PTC174823	PRECAUTION PROPERTIES PRIVATE LIMITED	Director	10/10/2007	10/10/2007	07/05/2008	Active	NO
48	U70109MH2007PTC174275	FIRST FUTURE AIR SERVICES PRIVATE LIMITED	Director	23/06/2008	01/11/2007	16/05/2011	Amalgamated	NO
49	U45201GJ2008PTC054063	SHAPOORJI PALLONJI INFRASTRUCTURE (GUJARAT) PRIVATE LIMITED	Director	28/05/2008	28/05/2008	03/10/2011	Active	NO
50	U31200MH1974PTC017538	STERLING AND WILSON Private Limited	Director	29/09/2008	12/08/2008	-	Active	NO
51	U45209GJ2008PTC054828	SHAPOORJI PALLONJI AND OEG SERVICES PRIVATE LIMITED	Director	21/08/2008	21/08/2008	03/10/2011	Active	NO
52	U01403GJ2008PTC054483	Nursery Projects and Agri Development Private Limited	Director	29/09/2009	30/04/2009	03/10/2011	Active	NO
53	U45203MH2010PTC202625	Shapoorji Pallonji Roads Private Limited	Director	30/04/2010	30/04/2010	30/09/2011	Active	NO
54	U40103TN2010PTC088516	Shapoorji Pallonji Power Projects Private Limited	Director	05/05/2010	05/05/2010	18/10/2011	Amalgamated	NO
55	U74120MH2010PTC205291	KAISHA LIFESCIENCES PRIVATE LIMITED	Director	06/07/2010	06/07/2010	-	Active	NO
56	L17110MH1919PLC000628	FORBES & COMPANY LIMITED	Director	21/08/2012	29/03/2012	-	Active	NO
57	U72300MH2012PTC237177	GRETEL SYSTEMS AND DEVELOPMENT PRIVATE LIMITED	Director	30/09/2013	19/11/2012	-	Active	NO

Name :

Mr. Ramunni Menon Premkumar

Designation :

Director

Address :

101, Praneet, Dr. Jayant Palkar Marg, Worli, Mumbai – 400030, Maharashtra, India

Date of Birth/Age :

16.08.1945

Date of Appointment :

30.09.2014

DIN No.:

00328942

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	U65990MH1966PLC013459	SICOM LIMITED	Nominee director	01/04/2011	31/03/2006	05/09/2014	Active	NO
2	U45200MH1976PLC019335	AFCONS INFRASTRUCTURE LIMITED	Director	30/09/2014	29/06/2007	-	Active	NO
3	L72900MH1989PLC131521	FINE-LINE CIRCUITS LIMITED	Director	09/08/2014	30/06/2007	-	Active	NO
4	L35110GJ1997PLC033193	PIPAVAV DEFENCE AND OFFSHORE ENGINEERING COMPANY LIMITED	Director	15/07/2008	15/10/2007	-	Active	NO
5	U28113MH2004PTC149620	RAMA CYLINDERS PRIVATE LIMITED	Director	31/07/2008	29/04/2008	-	Active	NO
6	U67200MP1999PLC013660	NATIONAL BOARD OF TRADE LIMITED.	Nominee director	30/06/2008	30/06/2008	23/01/2009	Active	NO
7	U40109MH2005SGC153646	MAHARASHTRA STATE ELECTRICITY TRANSMISSION COMPANY LIMITED	Director	30/12/2009	03/12/2008	11/06/2010	Active	NO
8	L51909MH2002PLC135594	MULTI COMMODITY EXCHANGE OF INDIA LIMITED	Nominee director	10/08/2009	10/08/2009	12/12/2013	Active	NO
9	U40102DL2008PTC177307	NTPC BHEL Power Projects Private Limited	Additional director	12/02/2014	25/08/2010	30/09/2014	Active	NO
10	U40100TG2005PLC045445	LANCO VIDARBHA THERMAL POWER LIMITED	Director	30/09/2011	14/10/2010	-	Active	NO
11	U74120MH2011PTC220546	SUMER ENERGY PRIVATE LIMITED	Director	04/08/2011	04/08/2011	22/03/2012	Active	NO
12	L45200TG1993PLC015545	LANCO INFRATECH LIMITED	Additional director	15/10/2014	15/10/2014	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Rajendran Ramaiyer Palambalkode
Designation :	Secretary
Address :	206, Ganga Darshan, J. P. Road, Versova, Mumbai – 400061, Maharashtra, India
Date of Birth/Age :	08.09.1952
Date of Appointment :	01.10.1991
PAN No.:	AAHPR6302D
Name :	Mr. Sachin Sharma
Designation :	Senior Manager Finance

MAJOR SHAREHOLDERS

As on 30.09.2014

SHAREHOLDERS FILE ATTACHED

As on 30.09.2014

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Bodies corporate	97.29
Directors or relatives of Directors	0.19
Other top fifty shareholders	2.52
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged in Marine Works, Highways, Bridges, Metro Works, Power Houses, Tunnels, Oil and Gas, LNG Tanks and other general Civil Engineering Projects both in India and Overseas.

Products :

Item Code No. (ITC Code)	Product Description
99999990	Construction

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Products :

• Construction Projects

Countries :

• Middle East Countries
• African Countries

Imports :

Products :

• Raw Material

Countries :

• Europe
• Sweden
• Finland
• Germany
• Malaysia
• China
• USA
• Singapore

Terms :

Selling :

Cash, L/C and Credit (30 Days)

Purchasing :

Cash, L/C and Credit (30 Days)

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
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

Customers :

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

No. of Employees :

2000 (Approximately)

Bankers :

• Axis Bank Limited, 2nd Floor, Statesman House, 148 Barakhambha Road, Delhi - 110001,Delhi, India
• HSBC Bank (Mauritius) Limited, Hsbc Centre, 18 Cybercity, Ebene, Mauritius - Mu, Mauritius
• DBS Bank Limited, Upper Ground Floor, Birla Tower, 25 Barakhamba Road,, New Delhi - 110001,Delhi, India
• Oriental Bank of Commerce Limited, Large Corporate Branch, 181 A Maker Tower 'E', 18th Floor, Cuffe Parade, Mumbai - 400005, Maharashtra, India
• Indian Overseas Bank, Worli Branch,Kakad Chambers, Dr. Annie Besent Road, Mumbai - 400018, Maharashtra, India
• ICICI Bank Limited, Zenith House Kashavrao Khyade Marg, Mahalaxmi, Mumbai - 400034, Maharashtra, India
• State Bank of India
• Yes Bank
• Union Bank
• IDBI Bank
• Punjab National Bank
• Standrad Chrtared Bank
• UCO Bank
• Dena Bank

Facilities :

SECURED LOANS	31.03.2013 (Rs. in Millions)	31.03.2012 (Rs. in Millions)
LONG TERM BORROWINGS
Rupee term loans from banks	714.367	401.528
Foreign currency term loans from banks	1863.700	1017.400
Working capital loans from banks	1000.000	0.000
Other loans and advances	396.432	468.057
SHORT TERM BORROWINGS
Foreign currency term loans from banks	176.922	160.184
Working capital loans from banks	1800.000	2300.000
Other loans and advances	623.175	682.643
Total	6574.596	5029.812

Financial Institution:	Chennai Metro Rail Limited, No.7, "Harini Towers", Conran Smith Road, Gopalapuram, Chennai - 600086, Tamil Nadu, India The Hongkong and Shanghai Banking Corporation Limited, Birla Towers, 25, Barakahamba Road, New Delhi – 110001, Delhi, India
Auditors :
Name :	Deloitte Haskins and Sells Chartered Accountants
Address :	12, Dr. Annie Besant Road, Opposite Shiv Sagar Estate, Mumbai – 400018, Maharashtra, India
PAN N Income-tax PAN of auditor or auditor's firm :	AACFD4815A
Auditors :
Name :	J. C. Bhatt and Associates Chartered Accountants
Address :	502, Poonam Pearl, C.D. Barfiwala Marg, Juhu Lane, Andheri (West), Mumbai-400058, Maharashtra, India
PAN N Income-tax PAN of auditor or auditor's firm :	AABPB4478L
Memberships :	Not Available
Collaborators :	Not Available
Holding Company:	Shapoorji Pallonji and Company Limited, India CIN: U45200MH1943PLC003812
Subsidiaries:	Hazarat and Company Private Limited Afcons Corrosion Protection Private Limited (formerly known as SSS Electricals (India) Private Limited CIN: U28920MH1985PTC036876 Afcons Offshore and Marine Services Private Limited Afcons Construction Mideast LLC Afcons Infrastructures Kuwait for Building, Road and Marine Contracting WLL Afcons Overseas Construction LLC, (w.e.f. 3rd September, 2012) Afcons Infrastructure International Limited (AIIL) Afcons Madagascar Overseas SARL (Subsidiary of AIIL) Afcons Gulf International Project Services FZE (Subsidiary of AIIL) Afcons Gunanusa Joint Venture ( Jointly Controlled Entity) Transtonnelstroy Afcons Joint Venture ( Jointly Controlled Entity) Dahej Standby Jetty Project undertaking
Fellow Subsidiary:	Floreat Investments Limited SP Jammu Udhampur Highway Private Limited Forvol International Service Limited
Associate:	Afcons (Mideast) Construction and Investments Private Limited
Partnership firm in which the Company is a partner:	Afcons Pauling Joint Venture
Jointly Controlled Entities:	Strabag AG Afcons Joint Venture Saipem Afcons Joint Venture

CAPITAL STRUCTURE

As on 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
350000000	Equity Shares	Rs.10/-each	Rs.3500.000 Million
650000000	Preference Shares	Rs.10/-each	Rs.6500.000 Million
	Total		Rs.10000.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
71970238	Equity Shares	Rs.10/-each	Rs.719.702 Million
450000000	Preference Shares	Rs.10/-each	Rs.4500.000 Million
	Total		Rs.5219.702 Million

As on 31.03.2013

Authorised Capital :

No. of Shares	Type	Amount
1000000000	Equity Shares	Rs.10000.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Amount
421970200	Equity Shares	Rs.4219.702 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013	31.03.2012
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	4219.702	4219.702
(b) Reserves & Surplus	3589.821	3298.946
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000
Total Shareholders’ Funds (1) + (2)	7809.523	7518.648
(3) Non-Current Liabilities
(a) long-term borrowings	4974.499	2636.985
(b) Deferred tax liabilities (Net)	922.827	762.697
(c) Other long term liabilities	1185.857	550.188
(d) long-term provisions	91.516	68.918
Total Non-current Liabilities (3)	7174.699	4018.788
(4) Current Liabilities
(a) Short term borrowings	5784.241	4155.771
(b) Trade payables	4210.158	4245.907
(c) Other current liabilities	4936.259	5554.944
(d) Short-term provisions	144.794	31.229
Total Current Liabilities (4)	15075.452	13987.851
TOTAL	30059.674	25525.287
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	9098.684	5417.352
(ii) Intangible Assets	35.037	48.005
(iii) Capital work-in-progress	1480.591	3149.724
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	40.688	39.198
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	908.581	1137.927
(e) Other Non-current assets	2672.802	3213.459
Total Non-Current Assets	14236.383	13005.665
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	7372.137	5124.113
(c) Trade receivables	4909.774	3666.629
(d) Cash and cash equivalents	162.138	358.455
(e) Short-term loans and advances	3140.992	3353.230
(f) Other current assets	238.250	17.195
Total Current Assets	15823.291	12519.622
TOTAL	30059.674	25525.287

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income	27267.446	18898.687	15534.824
	Other Income	733.741	593.295	941.165
	TOTAL	28001.187	19491.982	16475.989
Less	EXPENSES
	Cost of Materials Consumed	7371.256	4660.174	1985.624
	Purchases of Stock-in-Trade	82.430	19.318	79.499
	Employees benefits expense	3714.377	3235.414	2098.094
	Other expenses	12747.493	8996.206	9684.810
	TOTAL	23915.556	16911.112	13848.027
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	4085.631	2580.870	2627.962
Less	FINANCIAL EXPENSES	1597.210	1336.208	1134.251
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	2488.421	1244.662	1493.711
Less/ Add	DEPRECIATION/ AMORTISATION	1459.553	674.658	378.921
	PROFIT/ (LOSS) BEFORE TAX	1028.868	570.004	1114.790
Less	TAX	359.136	105.788	256.076
	PROFIT/ (LOSS) AFTER TAX	669.732	464.216	858.714
	Earnings / (Loss) Per Share (Rs.)	9.31	6.45	11.93

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin PAT / Sales	(%)	2.45	2.45	5.52
Operating Profit Margin (PBDIT/Sales)	(%)	14.98	13.65	16.91
Return on Total Assets (PBT/Total Assets}	(%)	NA	1.89	4.36
Return on Investment (ROI) (PBT/Networth)		NA	0.07	0.14
Debt Equity Ratio (Total Liability/Networth)		NA	2.84	2.39
Current Ratio (Current Asset/Current Liability)		NA	1.04	0.89

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)
Share Capital	4219.702	4219.702
Reserves & Surplus	3298.946	3589.821
Net worth	7518.648	7809.523
long-term borrowings	2636.985	4974.499
Short term borrowings	4155.771	5784.241
Total borrowings	6792.756	10758.740
Debt/Equity ratio	0.903	1.378

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	15534.824	18898.687	27267.446
		21.654	44.282

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	15534.824	18898.687	27267.446
Profit	858.714	464.216	669.732
	5.53%	2.46%	2.46%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	----------------------
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	Yes
20]	Export / Import details (if applicable)	Yes
21]	Market information	----------------------
22]	Litigations that the firm / promoter involved in	----------------------
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	----------------------
26]	Buyer visit details	----------------------
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

LITIGATION DETAILS

CASE DETAILS

BENCH:-BOMBAY

Lodging No.:-	SL/113/2013	Filing Date:-	07/02/2013	Reg. No.:-	S/403/2013	Reg. Date:-	10/06/2013
Petitioner:-	M/S DHARTI DREDGING AND INFRASTRUCTURE LIMITED			Respondent:-	AFCONS INFRASTRUCTURE LIMITED AND 2 ORS
Petn.Adv.:-	K K ASSOCIATES			Resp.Adv.:-	DESAI AND DIWANJI (1)

District:-

OUTSIDE MAHARASHTRA

Bench:-	SINGLE
Status:-	Pre-Admission	Category:-	SPECIFIC PERFORMANCE SUIT

Next Date:-

11/04/2014

Stage:-

FOR WRITTEN STATEMENT

Coram:-

ADDL. REG.(OS)/ADDL. PROTHONOTARY & SR. MASTE

Last Date:-

14/03/2014

Stage:-

FOR WRITTEN STATEMENT

Last Coram:-

ADDL. REG.(OS)/ADDL. PROTHONOTARY & SR. MASTE

Act :-

Code of Civil Procedure 1908

UNSECURED LOANS

PARTICULAR	31.03.2013 (Rs. in Millions)	31.03.2012 (Rs. in Millions)
LONG TERM BORROWINGS
Non-convertible debentures others	1000.000	0.000
Working capital loans from banks	0.000	750.000
SHORT TERM BORROWINGS
Term loans from banks	571.082	254.350
Working capital loans from banks	560.000	250.000
Commercial paper	2044.062	499.594
Loans and advances from related parties	9.000	9.000
Total	4184.144	1762.944

INDEX OF CHARGES

S. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10512885	16/07/2014	896,675,000.00	SOCIETE GENERALE INDIA	6th floor, Mohan Dev Building,, 13 Tolstoy Marg,,  New Delhi, Delhi - 110001, INDIA	C14999874
2	10507002	30/06/2014	1,000,000,000.00	State Bank of India	CORPORATE ACCOUNTS GROUP BRANCH, NEVILLE HOUSE, J.N. HEREDIA MARG,, MUMBAI, Maharashtra - 400001, INDIA	C09882309
3	10507013	30/06/2014	1,000,000,000.00	State Bank of India	CORPORATE ACCOUNTS GROUP BRANCH, NEVILLE HOUSE, J.N. HEREDIA MARG,, MUMBAI, Maharashtra - 400001, INDIA	C09885021
4	10392335	29/11/2012	1,000,000,000.00	AXIS BANK LIMITED	2nd Floor, Statesman House,, 148 Barakhambha Road  ,, DELHI, Delhi - 110001, INDIA	B64277312
5	10369233	09/07/2012	840,000,000.00	HSBC BANK (MAURITIUS) LIMITED	HSBC CENTRE, 18 CYBERCITY, EBENE, MAURITIUS, - MU, MAURITIUS	B45154655
6	10358916	03/07/2014 *	315,000,000.00	The Hongkong and Shanghai Banking Corporation Limited	BIRLA TOWERS, 25, BARAKHAMBA ROAD,, NEW DELHI, Delhi - 110001, INDIA	C10172807
7	10347339	30/06/2014 *	1,047,545,000.00	DBS Bank LIMITED	Capitol Point, Ground Floor & First Floor,, Baba  Kharak Singh Marg, Connaught Place,, New Delhi, Delhi - 110001, INDIA	C09657479
8	10347350	22/08/2012 *	254,488,810.00	Chennai Metro Rail Limited	No.7, "Harini Towers",, Conran Smith Road, Gopala  puram, Chennai, Tamil Nadu - 600086, INDIA	B57374233
9	10347347	22/08/2012 *	390,273,751.00	Chennai Metro Rail Limited	No.7, "Harini Towers",, Conran Smith Road, Gopala  puram, Chennai, Tamil Nadu - 600086, INDIA	B57373714
10	10311680	14/02/2014 *	1,000,000,000.00	Indian Overseas Bank	Large Corporate Branch, plot no. 31, G block,, 7th Floor, Naman Corporate Link, Bandra Kurla Comp,  Mumbai, Maharashtra - 400050, INDIA	B98464670

CORPORATE INFORMATION

Afcons Infrastructure Limited is an unlisted Public Limited company domiciled in India and incorporated under the provisions of the Companies Act, 1956. Afcons is a part of the Shapoorji Pallonji Group. Afcons has a presence in almost the entire spectrum of infrastructure activities in India and Overseas. The Company is engaged in Marine Works, Highways, Bridges, Metro Works, Power Houses, Tunnels, Oil & Gas, LNG Tanks and other general Civil Engineering Projects both in India and Overseas.

FIXED ASSETS

• Plant & Equipment
• Laboratory Equipments
• Workshop & Go down
• Buildings
• Barges

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 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.62.15
UK Pound	1	Rs.94.72
Euro	1	Rs.70.33

INFORMATION DETAILS

Information Gathered by :	PPT
Analysis Done by :	RAS
Report Prepared by :	PNM

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	7
PAID-UP CAPITAL	1~10	7
OPERATING SCALE	1~10	8
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	8
--PROFITABILIRY	1~10	8
--LIQUIDITY	1~10	7
--LEVERAGE	1~10	7
--RESERVES	1~10	7
--CREDIT LINES	1~10	7
--MARGINS	-5~5	---
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	YES
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		66

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.