MIRA INFORM REPORT

Report No. :	308012
Report Date :	16.02.2015

IDENTIFICATION DETAILS

Name :	INTERGLOBE AVIATION LIMITED (w.e.f.11.08.2006)
Formerly Known As :	INTERGLOBE AVIATION PRIVATE LIMITED
Registered Office :	Central Wing, Ground Floor, Thapar House, 124, Janpath, New Delhi – 110 001
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	13.01.2004
Com. Reg. No.:	55-129768
Capital Investment / Paid-up Capital :	Rs. 343.716 Millions
CIN No.: [Company Identification No.]	U62100DL2004PLC129768
TAN No.: [Tax Deduction & Collection Account No.]	DELI05040A
PAN No.: [Permanent Account No.]	AABCI2726B
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Providing Air Support Services.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

B (28)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 11700000
Status :	Moderate
Payment Behaviour :	Slow But Correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. The company has taken huge external borrowing, which acts as threatening to the liquidity position of the company. However, trade relations are fair. Business is active. Payments are reported to be slow but correct. The company can be considered for business dealings with some caution.

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

Not Available

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2014.

INFORMATION DENIED BY

Name :	Mr. Rajnish Rai
Designation :	Senior Manager Financial
Contact No.:	91-124-4352500
Date :	16.02.2015

LOCATIONS

Registered Office :	Central Wing, Ground Floor, Thapar House, 124, Janpath, New Delhi – 110 001, India
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	corporate@goindigo.in rajnish.rai@goindigo.in
Website :	www.interglobe.com
Area :	10000 sq. ft.
Location :	Owned
Branch Office 1 :	Block 2B, DLF Corporate Park, DLF Qutab Enclave, Phase III, Gurgaon-122002, Haryana, India
Tel. No.:	91-124-2358201-05
Fax No.:	91-124-2357554
Branch Office 2 :	Interglobe Air Transport/ Galileo India, 101, 106, Jaipur Towers, First Floor, Opposite AIR, M.I. Road, Jaipur-302001, India
Tel. No.:	91-141-2360532
Fax No.:	91-141-5118886
Branch Office 3 :	Interglobe Technologies, Tower C, Global Business Park, Mehrauli Gurgaon Road, Gurgaon-122002, Haryana, India
Tel. No.:	91-124-5060555/ 4352500
Fax No.:	91-124-4068536
Branch Office 4 :	InterGlobe Technology Quotient, Block 2B, DLF Corporate Park, DLF City, Phase III, Gurgaon-122002, Haryana, India
Tel. No.:	91-124-2358201
Fax No.:	91.124-2357554
Location :	Owned
Branch Office 5 :	InterGlobe Hotels, Block 2B, DLF, Corporate Park, DLF City, Phase III, Gurgaon-122002, Haryana, India
Tel. No.:	91-124-2358201
Fax No.:	91-124-5068193
Branch Office 6 :	InterGlobe Aviation, Block 2B, DLF Corporate Park, DLF City, Phase III, Gurgaon-122002, Haryana, India
Tel. No.:	91-124-2358201
Fax No.:	91-124-5068193
Branch Office 7 :	Ground Floor, Thapar House, 66, Janpath, New Delhi – 110 001, India

DIRECTORS

As on: 08.09.2014

Name :

Mr. Rahul Bhatia

Designation :

Managing Director

Address :

18, OAK Drive, Mandi Road, Sultanpur, New Delhi – 110030, India

Date of Birth/Age :

10.06.1960

Date of Appointment :

26.03.2013

PAN No.:

AAAPB3340G

DIN No.:

00090860

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	U63040DL1989PLC037689	INTERGLOBE ENTERPRISES LIMITED	Whole-time director	01-04-2010	13-09-1989	-	Active	NO
2	U63040DL1997PTC085860	ACQUIRE SERVICES PRIVATE LIMITED	Director	01-01-2008	17-03-1997	-	Active	NO
3	U72300DL1998PTC097150	INTERGLOBE TECHNOLOGIES PRIVATE LIMITED	Director	19-11-1998	19-11-1998	-	Active	NO
4	U72200DL1999PTC098629	IGT SOLUTIONS PRIVATE LIMITED.	Director	03-03-1999	03-03-1999	-	Active	NO
5	U62100DL1999PTC100664	SCANDINAVIAN AIRLINES SYSTEM INDIA PRIVATE LIMITED	Director	14-07-1999	14-07-1999	13-02-2007	Under liquidation	NO
6	U51109DL2000PTC106077	WORLD CONNECT PRIVATE LIMITED	Director	02-06-2000	02-06-2000	30-06-2012	Active	NO
7	U74999DL2001PTC111438	INDUS AVIATION SERVICES PRIVATE LIMITED	Director	26-06-2001	26-06-2001	-	Dissolved	NO
8	U74899DL1994PTC063492	SHREE NATH SHARES PRIVATE LIMITED	Director	30-05-2003	30-05-2003	-	Active	NO
9	U62100DL2004PLC129768	INTERGLOBE AVIATION LIMITED	Managing director	26-03-2013	13-01-2004	-	Active	NO
10	U55101DL2004PTC127156	ARA HOSPITALITY PRIVATE LIMITED	Director	25-06-2004	25-06-2004	28-09-2012	Under liquidation	NO
11	U55101DL2004PTC128567	INTERGLOBE HOTELS PRIVATE LIMITED	Director	24-08-2004	24-08-2004	26-09-2012	Active	NO
12	U55101DL2004PTC130073	AAPC INDIA HOTEL MANAGEMENT PRIVATE LIMITED	Alternate director	26-09-2012	19-10-2004	29-11-2012	Active	NO
13	U74999DL2005PTC132134	INTERGLOBE TECHNOLOGY QUOTIENT PRIVATE LIMITED	Director	14-01-2005	14-01-2005	-	Active	NO
14	U51900DL2005PTC193379	INTERGLOBE LUXURY PRODUCTS PRIVATE LIMITED	Director	14-01-2005	14-01-2005	-	Active	NO
15	U74899DL1993PTC054944	ARC Hospitality Private Limited	Director	20-08-2005	20-08-2005	01-02-2007	Active	NO
16	U74899DL1991PTC042800	Uniworld Insurance Agency Private Limited	Director	27-03-2006	27-03-2006	04-03-2010	Active	NO
17	U93000DL1984PTC019199	BHARAT TELECOM PRIVATE LIMITED	Director	29-12-2006	29-12-2006	-	Under liquidation	NO
18	U70102DL2005PTC209600	SRILANAND MANSIONS PRIVATE LIMITED	Director	01-08-2007	09-03-2007	29-05-2014	Active	NO
19	U63090DL2007PTC162697	INTERGLOBE ESTABLISHED PRIVATE LIMITED	Director	27-04-2007	27-04-2007	-	Active	NO
20	U74140DL2007PTC162695	ITQ CONSULTANCY PRIVATE LIMITED	Director	27-04-2007	27-04-2007	-	Under liquidation	NO
21	U74899DL2006PTC144822	TECHPARK HOTELS PRIVATE LIMITED	Director	09-09-2008	09-09-2008	29-05-2014	Active	NO
22	U55101DL2008PTC175885	Caddie Hotels Private Limited	Director	28-09-2010	10-12-2009	29-05-2014	Active	NO
23	U92490DL2010NPL199860	INTERGLOBE FOUNDATION	Director	01-09-2011	10-06-2010	-	Active	NO
24	U93000DL2010PTC203645	TNSI RETAIL PRIVATE LIMITED	Director	11-07-2011	27-04-2011	14-07-2014	Active	NO Bottom of Form
25	U55101DL2010PTC206975	TRIGUNA HOSPITALITY VENTURES (INDIA) PRIVATE LIMITED	Director	18-08-2011	24-06-2011	29-05-2014	Active	NO
26	U55101DL2008PTC175886	ACCENT HOTELS PRIVATE LIMITED	Director	18-08-2011	27-06-2011	29-05-2014	Active	NO
27	U80301DL2011PLC224686	INTERGLOBE EDUCATION SERVICES LIMITED	Director	07-09-2011	07-09-2011	-	Active	NO
28	U74140DL2008PTC178997	PEGASUS UTILITY MAINTENANCE & SERVICES PRIVATE LIMITED	Director	30-09-2013	30-11-2012	-	Active	NO

Name :

Mr. Kapil Bhatia

Designation :

Director

Address :

18, OAK Drive, Mandi Road, Sultanpur, New Delhi – 110030, India

Date of Birth/Age :

01.06.1932

Date of Appointment :

13.01.2004

PAN No.:

AAAPB2694K

DIN No.:

00090776

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	L65920AP1923PLC000044	LAKSHMI FINANCE AND INDUSTRIAL CORPORATION LTD	Director	22-05-1979	22-05-1979	-	Active	NO
2	U63040DL1989PLC037689	INTERGLOBE ENTERPRISES LIMITED	Managing director	26-03-2013	13-09-1989	-	Active	NO
3	U63040DL1997PTC085860	ACQUIRE SERVICES PRIVATE LIMITED	Director	17-03-1997	17-03-1997	-	Active	NO
4	U72300DL1998PTC097150	INTERGLOBE TECHNOLOGIES PRIVATE LIMITED	Director	19-11-1998	19-11-1998	-	Active	NO
5	U72200DL1999PTC098629	IGT SOLUTIONS PRIVATE LIMITED.	Director	03-03-1999	03-03-1999	-	Active	NO
6	U62100DL1999PTC100664	SCANDINAVIAN AIRLINES SYSTEM INDIA PRIVATE LIMITED	Director	14-07-1999	14-07-1999	-	Under liquidation	NO
7	U74999DL2001PTC111438	INDUS AVIATION SERVICES PRIVATE LIMITED	Director	26-06-2001	26-06-2001	-	Dissolved	NO
8	U62100DL2004PLC129768	INTERGLOBE AVIATION LIMITED	Director	13-01-2004	13-01-2004	-	Active	NO
9	U55101DL2004PTC130073	AAPC INDIA HOTEL MANAGEMENT PRIVATE LIMITED	Director	19-10-2004	19-10-2004	-	Active	NO
10	U51900DL2005PTC193379	INTERGLOBE LUXURY PRODUCTS PRIVATE LIMITED	Director	14-01-2005	14-01-2005	-	Active	NO
11	U74999DL2005PTC134961	DELTA AIR LINES PRIVATE LIMITED	Director	13-04-2005	13-04-2005	-	Active	NO
12	U55101DL2004PTC128567	INTERGLOBE HOTELS PRIVATE LIMITED	Director	24-08-2006	24-08-2006	-	Active	NO
13	U93000DL1984PTC019199	BHARAT TELECOM PRIVATE LIMITED	Director	19-12-2006	19-12-2006	-	Under liquidation	NO
14	U74999DL2005PTC132134	INTERGLOBE TECHNOLOGY QUOTIENT PRIVATE LIMITED	Director	14-01-2007	14-01-2007	-	Active	NO
15	U63090DL2007PTC162697	INTERGLOBE ESTABLISHED PRIVATE LIMITED	Director	27-04-2007	27-04-2007	-	Active	NO
16	U74140DL2007PTC162695	ITQ CONSULTANCY PRIVATE LIMITED	Director	27-04-2007	27-04-2007	-	Under liquidation	NO
17	U91990DL1901PLC001746	DELHI GOLF CLUB LIMITED	Director	22-09-2007	22-09-2007	27-09-2008	Active	NO
18	U74899DL2006PTC144822	TECHPARK HOTELS PRIVATE LIMITED	Director	09-09-2008	09-09-2008	-	Active	NO
19	U74999HR2009PTC043308	INTERGLOBE TECHNOLOGIES INTERNATIONAL PRIVATE LIMITED	Director	21-09-2010	02-12-2009	-	Active	NO
20	U45203DL2010PTC199854	ZELOS INFRASTRUCTURE PRIVATE LIMITED	Director	09-03-2010	09-03-2010	-	Active	NO
21	U92490DL2010NPL199860	INTERGLOBE FOUNDATION	Director	01-09-2011	10-06-2010	-	Active	NO
22	U62200DL2009PLC196031	INTERGLOBE AIR TRANSPORT LIMITED	Director	07-09-2011	27-04-2011	-	Active	NO
23	U55101DL2010PTC206975	TRIGUNA HOSPITALITY VENTURES (INDIA) PRIVATE LIMITED	Director	18-08-2011	24-06-2011	-	Active	NO
24	U55101DL2008PTC175886	ACCENT HOTELS PRIVATE LIMITED	Director	18-08-2011	27-06-2011	-	Active	NO
25	U70102DL2005PTC209600	SRILANAND MANSIONS PRIVATE LIMITED	Director	18-08-2011	27-06-2011	-	Active	NO
26	U80904DL2011NPL224204	InterGlobe Education Foundation	Director	26-08-2011	26-08-2011	-	Active	NO
27	U93000DL2010PTC203645	TNSI RETAIL PRIVATE LIMITED	Director	27-08-2012	07-09-2011	14-07-2014	Active	NO
28	U55101DL2008PTC175885	Caddie Hotels Private Limited	Director	27-09-2012	15-11-2011	-	Active	NO
29	U70102DL2012PTC235042	Acquire Buildcon Private Limited	Director	01-05-2012	01-05-2012	-	Active	NO

Name :

Mr. Anil Parashar

Designation :

Director

Address :

E-367, Greater Kailash Part I, New Delhi – 110048, India

Date of Birth/Age :

17.08.1958

Date of Appointment :

28.09.2007

DIN No.:

00055377

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	U72200DL1999PTC098629	IGT SOLUTIONS PRIVATE LIMITED.	Director	12-09-2013	26-05-2003	-	Active	NO
2	U74999DL2005PTC132134	INTERGLOBE TECHNOLOGY QUOTIENT PRIVATE LIMITED	Whole-time director	30-07-2014	09-02-2005	-	Active	NO
3	U63040DL1981PTC011907	Navigator Travel Services Private Limited	Director	27-03-2006	27-03-2006	-	Active	NO
4	U55101DL2004PTC128567	INTERGLOBE HOTELS PRIVATE LIMITED	Director	07-04-2006	07-04-2006	-	Active	NO
5	U72200DL1999PTC102142	NORTH SHORE TECHNOLOGIES PRIVATE LIMITED	Additional director	16-04-2007	16-04-2007	25-01-2012	Active	NO
6	U62100DL2004PLC129768	INTERGLOBE AVIATION LIMITED	Director	28-09-2007	30-05-2007	-	Active	NO
7	U63013DL2006PTC154984	AIR FRANCE GROUND HANDLING INDIA PRIVATE LIMITED	Director	21-06-2007	21-06-2007	-	Under liquidation	NO
8	U74899DL2006PTC144822	TECHPARK HOTELS PRIVATE LIMITED	Alternate director	27-06-2011	09-09-2008	18-08-2011	Active	NO
9	U74140DL2007PTC162695	ITQ CONSULTANCY PRIVATE LIMITED	Director	30-06-2009	23-09-2008	-	Under liquidation	NO
10	U74999HR2009PTC043308	INTERGLOBE TECHNOLOGIES INTERNATIONAL PRIVATE LIMITED	Director	05-06-2009	05-06-2009	02-12-2009	Active	NO
11	U62100DL1999PTC100664	SCANDINAVIAN AIRLINES SYSTEM INDIA PRIVATE LIMITED	Additional director	24-08-2009	24-08-2009	-	Under liquidation	NO
12	U51109DL2000PTC106077	WORLD CONNECT PRIVATE LIMITED	Director	15-09-2010	17-09-2009	-	Active	NO
13	U70102DL2005PTC209600	SRILANAND MANSIONS PRIVATE LIMITED	Alternate director	27-06-2011	12-11-2009	18-08-2011	Active	NO
14	U62200DL2009PLC196031	INTERGLOBE AIR TRANSPORT LIMITED	Director	16-11-2009	16-11-2009	-	Active	NO
15	U55101DL2008PTC175885	Caddie Hotels Private Limited	Alternate director	15-11-2011	10-12-2009	17-11-2011	Active	NO
16	U93000DL2010PTC197713	UR Housekeeping Services Private Limited	Director	06-01-2010	06-01-2010	12-01-2010	Active	NO
17	U92490DL2010NPL199860	INTERGLOBE FOUNDATION	Director	09-03-2010	09-03-2010	-	Active	NO
18	U74999DL2001PTC111438	INDUS AVIATION SERVICES PRIVATE LIMITED	Director	30-07-2010	10-06-2010	-	Dissolved	NO
19	U55101DL2010PTC206975	TRIGUNA HOSPITALITY VENTURES (INDIA) PRIVATE LIMITED	Alternate director	24-06-2011	12-08-2010	18-08-2011	Active	NO
20	U55101DL2008PTC175886	ACCENT HOTELS PRIVATE LIMITED	Alternate director	27-06-2011	27-06-2011	18-08-2011	Active	NO
21	U74140HR2010PTC043445	IGT Solutions International Private Limited	Director	27-09-2012	29-06-2011	10-10-2012	Under liquidation	NO
22	U72300DL1998PTC097150	INTERGLOBE TECHNOLOGIES PRIVATE LIMITED	Director	30-09-2011	09-09-2011	-	Active	NO
23	U72200MP2011PTC026973	UNDERHILL VENTURES PRIVATE LIMITED	Director	18-10-2011	18-10-2011	-	Active	NO
24	U74900DL2012PTC231352	CAE Simulation Training Private Limited	Director	29-06-2013	10-02-2012	-	Active	NO
25	U70200DL2012PTC235006	Acquire Propbuild Private Limited	Director	30-04-2012	30-04-2012	-	Active	NO
26	U70102DL2012PTC235009	Acquire Infracon Private Limited	Director	30-04-2012	30-04-2012	-	Active	NO
27	U70101DL2012PTC235010	Acquire Infrastructure Private Limited	Director	30-04-2012	30-04-2012	28-04-2014	Active	NO
28	U70109DL2011PTC218867	SARV ESTATE PRIVATE LIMITED	Director	02-08-2013	04-05-2012	-	Active	NO
29	U74899DL1993PTC054944	ARC Hospitality Private Limited	Director	31-07-2012	25-05-2012	-	Active	NO
30	U55101DL2004PTC127156	ARA HOSPITALITY PRIVATE LIMITED	Director	25-09-2012	30-07-2012	-	Under liquidation	NO
31	U55101DL2004PTC130073	AAPC INDIA HOTEL MANAGEMENT PRIVATE LIMITED	Alternate director	26-09-2012	26-09-2012	29-11-2012	Active	NO
32	U45200MH2006PTC160441	SHREE NAMAN HOTELS PRIVATE LIMITED	Director	28-09-2013	26-11-2012	-	Active	NO
33	U13100MH1972PTC015537	ISHA STEEL TREATMENT PRIVATE LIMITED	Director	26-09-2013	29-11-2012	-	Active	NO
34	U45201DL2003PTC121720	PEGASUS BUILDTECH PRIVATE LIMITED	Director	30-09-2013	30-11-2012	-	Active	NO
35	U74899DL1991PTC042800	Uniworld Insurance Agency Private Limited	Director	17-05-2013	31-12-2012	-	Active	NO
36	U80301DL2011PLC224686	INTERGLOBE EDUCATION SERVICES LIMITED	Director	10-06-2013	31-12-2012	-	Active	NO
37	U45200DL2007PTC244273	ASHFORD PROPERTIES PRIVATE LIMITED	Director	27-09-2013	03-09-2013	-	Active	NO

Name :

Mr. Aditya Ghosh

Designation :

Director

Address :

H-452A, Palam Vihar, Gurgaon – 122002, Haryana, India

Date of Birth/Age :

27.07.1975

Date of Appointment :

08.09.2014

PAN No.:

AECPG1832Q

DIN No.:

01243445

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	U51900DL2005PTC193379	INTERGLOBE LUXURY PRODUCTS PRIVATE LIMITED	Director	27-03-2006	27-03-2006	-	Active	NO
2	U72300DL1998PTC097150	INTERGLOBE TECHNOLOGIES PRIVATE LIMITED	Director	27-03-2006	27-03-2006	29-01-2009	Active	NO
3	U62100DL2004PLC129768	INTERGLOBE AVIATION LIMITED	Whole-time director	08-09-2014	30-05-2007	-	Active	NO
4	U74999DL2005PTC132134	INTERGLOBE TECHNOLOGY QUOTIENT PRIVATE LIMITED	Director	30-06-2008	11-12-2007	-	Active	NO
5	U72200DL1999PTC098629	IGT SOLUTIONS PRIVATE LIMITED.	Alternate director	21-05-2008	21-05-2008	19-09-2008	Active	NO
6	U74140DL2007PTC162695	ITQ CONSULTANCY PRIVATE LIMITED	Director	30-06-2009	23-09-2008	-	Under liquidation	NO
7	U74899DL2005PTC137167	CALLEO DISTRIBUTION TECHNOLOGIES PRIVATE LIMITED	Director	16-07-2010	21-06-2010	-	Active	NO
8	U63090DL2007PTC162697	INTERGLOBE ESTABLISHED PRIVATE LIMITED	Director	28-09-2011	31-03-2011	-	Active	NO
9	U55101DL2004PTC128567	INTERGLOBE HOTELS PRIVATE LIMITED	Director	27-09-2012	26-09-2012	-	Active	NO
10	U55101DL2004PTC130073	AAPC INDIA HOTEL MANAGEMENT PRIVATE LIMITED	Director	27-09-2012	26-09-2012	27-02-2013	Active	NO
11	U63040DL1989PLC037689	INTERGLOBE ENTERPRISES LIMITED	Director	19-09-2014	04-02-2014	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Pankaj Arora
Designation :	Secretary
Address :	13 – A Ram Nagar Extension – 4, New Delhi – 110051, India
Date of Birth/Age :	20.11.1983
Date of Appointment :	24.02.2014
PAN No. :	AKAPA6998F

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 08.09.2014

Names of Shareholders (Equity Shares)	No. of Shares
Kapil Bhatia	50
Rahul Bhatia	40
Rohini Bhatia	10
Interglobe Enterprises Limited, India	156950
Caelum Investment LLC, USA	147000
Shobha Gangwal	1451
Asha Mukherjee	1499
Total	307000

Names of Shareholders (Convertible Preference Shares	No. of Shares
Riyaz Peer Moham	5110
Shakti Lumba	84
Steven Eugene Harfst	3607
Newton Bruce Ashby	6012
Chesapaake International	4008
Kunal Chanana	6012
G5 Investments	1503
Sanjay Kumar	334
Tario Taher Carimjee	4034
Anil Chanana	6012
Total	36716

Equity Share Break up (Percentage of Total Equity)

As on: 08.09.2014

Category	Percentage
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	48.36
Bodies corporate	51.12
Directors or relatives of Directors	0.03
Other top fifty shareholders	0.49
Total	100.00

BUSINESS DETAILS

Line of Business :

Providing Air Support Services.

Products :

Product or Services	ITC code No.
Domestic Schedule air transport service of passenger	99642410

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Not Divulged

GENERAL INFORMATION

Suppliers :

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

Customers :

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

No. of Employees :

Not Divulged

Bankers :

· BNP Paribas Singapore Branch, 20 Collyer Quay, #01-01, Singapore - 049319, Singapore

· J.P. Morgan Europe Limited, 25 Bank Street, Canary Wharf, London - E145JP, United Kingdom

· Oriental Bank Of Commerce, E- Block, Connaught Place, New Delhi - 110001, Delhi, India

Facilities :

SECURED LOANS	31.03.2014 Rs. In Millions	31.03.2013 Rs. In Millions
Long Term Borrowings
Foreign currency term loans from banks	958.180	1628.700
Foreign currency term loans from others	2096.850	1140.090
Long-term maturities of finance lease obligations	27752.370	13404.530
Short Term Borrowings
Foreign currency term loans from banks	0.000	814.340
Total	30807.400	16987.660

Financial Institutions :	· Pembroke Aircraft Leasing 2 Limited, 33/41 Lower Mount Street, Dublin, - 2, Ireland · Pembroke Aircraft Leasing 3 Limited, 33/41 Lower Mount Street, Dublin, - 2, Ireland · Sky High Xliii Leasing Company Limited, 2 Grand Canal Square, Grand Canal Harbour, Dublin, - 2, Ireland
Auditors :
Name:	B.S.R. and Company Chartered Accountants
Address :	Building No.10, 8^th Floor, Tower – B, DLF Cyber City, Phase – II, Gurgaon – 122 002, Haryana, India
Tel. No.:	91-124-2549191
Fax No.:	91-124-2549101
PAN No. :	AAAFB9852F
Memberships :	Not Available
Collaborators :	Not Available
Ultimate Holding Company :	InterGlobe Enterprises Limited CIN No. : U63040DL1989PLC037689
Fellow Subsidiary Company :	InterGlobe Air Transport Limited CIN No. : U62200DL2009PLC196031
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives :	· InterGlobe Technologies Private Limited CIN No. : U72300DL1998PTC097150 · Acquire Services Private Limited (formerly known as Galileo India Private Limited) CIN No.: U63040DL1997PTC085860 · InterGlobe Hotels Private Limited CIN No. : U55101DL2004PTC128567 · Zelos Developers Private Limited CIN No. : U70101DL1999PTC098628
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives	· CAE Simulation Training Private Limited 25CIN: U74900DL2012PTC231352

CAPITAL STRUCTURE

As on 08.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
500000	Equity Shares	Rs.1000/- each	Rs.500.000 Millions
1700000	Preference Share	Rs.1000/- each	Rs.1700.000 Millions
	Total		Rs.2200.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
307000	Equity Shares	Rs.1000/- each	Rs.307.000 Millions
36716	Preference Share	Rs.1000/- each	Rs.36.716 Millions
	Total		Rs.343.716 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

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	343.720	343.720	343.720
(b) Reserves & Surplus	3732.580	4980.150	3483.090
(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)	4076.300	5323.870	3826.810
(3) Non-Current Liabilities
(a) long-term borrowings	30807.400	16173.320	9055.480
(b) Deferred tax liabilities (Net)	542.760	537.150	0.000
(c) Other long term liabilities	26612.170	18912.360	11542.180
(d) long-term provisions	368.320	231.640	158.310
Total Non-current Liabilities (3)	58330.650	35854.470	20755.970
(4) Current Liabilities
(a) Short term borrowings	0.000	814.340	305.580
(b) Trade payables	3935.380	2797.410	1793.390
(c) Other current liabilities	20027.820	15009.870	11204.380
(d) Short-term provisions	4645.060	307.850	153.230
Total Current Liabilities (4)	28608.260	18929.470	13456.580
TOTAL	91015.210	60107.810	38039.360
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	39407.200	17547.890	8813.120
(ii) Intangible Assets	152.460	96.700	46.990
(iii) Capital work-in-progress	0.000	68.470	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.470	0.350	0.000
(c) Deferred tax assets (net)	0.000	0.000	665.100
(d) Long-term Loan and Advances	7992.910	6829.860	4541.840
(e) Other Non-current assets	14315.230	4857.720	885.300
Total Non-Current Assets	61868.270	29400.990	14952.350
(2) Current assets
(a) Current investments	12714.840	11383.420	5234.180
(b) Inventories	672.860	522.750	373.880
(c) Trade receivables	891.220	685.220	389.200
(d) Cash and cash equivalents	11015.330	13405.880	13088.260
(e) Short-term loans and advances	2231.340	3586.590	3179.450
(f) Other current assets	1621.350	1122.960	822.040
Total Current Assets	29146.940	30706.820	23087.010
TOTAL	91015.210	60107.810	38039.360

PROFIT & LOSS ACCOUNT

	PARTICULARS			31.03.2014	31.03.2013	31.03.2012
	SALES
		Revenue from Operations		111165.840	92030.800	55646.600
		Other Income		3304.390	2552.340	1534.090
		TOTAL (A)		114470.230	94583.140	57180.690
Less	EXPENSES
		Purchase of Stock-in-trade		593.270	559.940	346.570
		Changes in Inventories of finished goods, work-in-progress and stock-in-trade		7.060	(18.650)	(6.830)
		Employee Benefits Expenses		9289.400	6,972.330	5218.070
		Other Expenses		96317.100	75703.080	49804.340
		TOTAL (B)		106206.830	83216.700	55362.150
Less	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)			8263.400	11366.440	1818.540
Less	FINANCIAL EXPENSES (D)			1225.770	578.010	514.270
	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)			7037.630	10788.430	1304.270
Less	DEPRECIATION/ AMORTISATION (F)			2260.080	856.200	665.230
	PROFIT/(LOSS) BEFORE TAX (E-F) (G)			4777.550	9932.230	639.040
Less	TAX (H)			1607.640	2058.760	(639.720)
	PROFIT/(LOSS) AFTER TAX (G-H) (I)			3169.910	7873.470	1278.760
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD			1988.470	1278.760	0.000
Less	APPROPRIATIONS
			Transfer to General Reserve	490.83	787.350	0.000
			Proposed equity dividend	3775.78	5486.380	0.000
			Corporate dividend tax	641.7	890.030	0.000
			Premium on redemption	0.000	0.000	0.000
			Transfer to capital redemption reserve	0.000	0.000	0.000
	BALANCE CARRIED TO THE B/S			250.070	1988.470	1278.760
	EARNINGS IN FOREIGN CURRENCY
			Passenger Service	4563.480	3347.020	1044.500
			Revenue- Tours and Packages	39.040	29.470	0.000
			Cargo Service	563.290	339.350	0.000
			Inflight sales	115.990	136.100	0.000
			Incentives (cash and non-cash)	3979.860	3699.320	2720.470
			Profit on redelivery of aircraft	113.310	152.880	0.000
			Miscellaneous income	86.370	12.370	0.000
	TOTAL EARNINGS			9461.340	7716.510	3764.970
	IMPORTS
			Capital Goods	814.100	230.530	51.400
			Components and Spare Parts	679.940	561.430	286.250
	TOTAL IMPORTS			1494.040	791.960	337.650
	Earnings Per Share (Rs.)
	Basic			10325.00	25646.00	4165.00
	Diluted			9222.00	22907.00	3720.00

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	2.85	8.56	2.30
Operating Profit Margin (PBIDT/Sales)	(%)	7.43	12.35	3.27
Return on Total Assets (PBT/Total Assets}	(%)	5.25	16.54	1.71
Return on Investment (ROI) (PBT/Networth)		1.17	1.87	0.17
Debt Equity Ratio (Total Debt /Networth)		7.56	3.19	2.45
Current Ratio (Current Asset/Current Liability)		1.02	1.62	1.72

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	343.720	343.720	343.720
Reserves & Surplus	3483.090	4980.150	3732.580
Net worth	3826.810	5323.870	4076.300
long-term borrowings	9055.480	16173.320	30807.400
Short term borrowings	305.580	814.340	0.000
Total borrowings	9361.060	16987.660	30807.400
Debt/Equity ratio	2.446	3.191	7.558

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)
Revenue from Operations	55646.600	92030.800	111165.840
		65.384	20.792

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Revenue from Operations	55646.600	92030.800	111165.840
Profit	1278.760	7873.470	3169.910
	2.30%	8.56%	2.85%

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	Yes
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	No
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	No
20]	Export / Import details (if applicable)	No
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	No

BACKGROUND

The Company was incorporated on 13 January 2004 as a private limited company. Subsequently, the Company changed its legal status from a private company to a public company on 11 August 2006. The Company is one of the dominant players in the low cost carrier (LCC) segment of the airline industry in India. The Company has commenced international operations during the previous year ended 31 March 2012.

BUSINESS PROGRESS

The Company made a profit after tax of Rs.3169.910 Millions as against the profit of Rs.7873.470 Million in the previous year.

CONTINGENT LIABILITIES:

(Rs. in millions)

PARTICULARS	31.03.2014
Claims against company not acknowledged as debt	356.680
Total	356.680

FIXED ASSETS:

· Furniture and Fixtures

· Computer

· Office Equipment

· Vehicles

· Electrical Installation

· Software

INDEX OF CHAGRES:

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10541683	28/11/2014	2,709,710,270.00	Pembroke Aircraft Leasing 2 Limited	33/41 Lower Mount Street, Dublin, - 2, IRELAND	C39798061
2	10541685	20/11/2014	2,709,710,270.00	Pembroke Aircraft Leasing 3 Limited	33/41 Lower Mount Street, Dublin, - 2, IRELAND	C39798483
3	10540071	03/11/2014	2,830,672,020.00	Sky High XLIII Leasing Company Limited	2 Grand Canal Square, Grand Canal Harbour, Dublin  , - 2, IRELAND	C38917498
4	10541161	07/10/2014	2,908,117,960.00	Sky High XLIII Leasing Company Limited	2 Grand Canal Square, Grand Canal Harbour, Dublin  , - 2, IRELAND	C39514344
5	10530506	29/09/2014	2,958,015,000.00	BNP Paribas Singapore Branch	20 Collyer Quay, #01-01, Singapore, - 049319, SI  NGAPORE	C33164096
6	10530515	29/09/2014	4,098,491,657.00	BNP Paribas Singapore Branch	20 Collyer Quay, #01-01, Singapore, - 049319, SI  NGAPORE	C33167701
7	10530524	22/09/2014	2,944,920,000.00	BNP Paribas Singapore Branch	20 Collyer Quay, #01-01, Singapore, - 049319, SI  NGAPORE	C33172784
8	10530536	22/09/2014	4,079,794,918.00	BNP Paribas Singapore Branch	20 Collyer Quay, #01-01, Singapore, - 049319, SI  NGAPORE	C33177791
9	10530516	28/08/2014	2,942,495,000.00	BNP Paribas Singapore Branch	20 Collyer Quay, #01-01, Singapore, - 049319, SI  NGAPORE	C33169236
10	10530522	28/08/2014	4,069,655,562.49	BNP Paribas Singapore Branch	20 Collyer Quay, #01-01, Singapore, - 049319, SI  NGAPORE	C33171703

* Date of charge modification

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.62.14
UK Pound	1	Rs.95.78
Euro	1	Rs.71.05

INFORMATION DETAILS

Information Gathered by :	PRT
Analysis Done by :	KRN
Report Prepared by :	MTN

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILITY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--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		28

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.