MIRA INFORM REPORT

Report Date :

02.12.2015

IDENTIFICATION DETAILS

Name :	PALLADIUM CONSTRUCTIONS PRIVATE LIMITED
Registered Office :	C/O, Marketcity Resources Private Limited, R.R. Hosiery Building, Shree Laxmi Woolen Mills Estates, Opp Shakti Mills, Off Sr. E-Moses Road, Mahalaxmi, Mumbai – 400011, Maharashtra, India
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	22.01.2008
Com. Reg. No.:	08-0178115
Capital Investment / Paid-up Capital :	Rs. 357.511 Millions
CIN No.: [Company Identification No.]	U45400MH2008PTC178115
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	Not Available
Legal Form :	Private Limited Liability Company
Line of Business :	Construction Activity.
No. of Employees :	80 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (50)

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

Maximum Credit Limit :	USD 12500000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having a satisfactory track record. Financial position of the company seems to be decent. Trade relations are fair. Business is active. Payment terms are reported to be usually correct. The company can be considered for business dealings at usual trade terms and conditions.

NOTES :

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

ECGC Country Risk Classification List – September 30, 2014

Country Name	Previous Rating (30.06.2014)	Current Rating (30.09.2014)
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	CARE
Rating	Long Term Bank Facilities = BBB -
Rating Explanation	Have Moderate Degree of Safety and Carry Moderate Credit Risk
Date	08.04.2014

Rating Agency Name	CARE
Rating	Short Term Bank Facilities = A3
Rating Explanation	Have Moderate Degree of Safety and Carry Higher Credit Risk
Date	08.04.2014

RBI DEFAULTER’ LIST STATUS

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

EPF (Employee Provident Fund) DEFAULTER’ 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. Kalimuthu
Designation :	Senior Engineer
Contact No.:	91-9448813803
Date :	22.12.2014

LOCATIONS

Registered Office :	C/O, Marketcity Resources Private Limited, R.R. Hosiery Building, Shree Laxmi Woolen Mills Estates, Opp Shakti Mills, Off Sr. E-Moses Road, Mahalaxmi, Mumbai – 400011, Maharashtra, India
Tel. No.:	91-22-30016600
Fax No.:	91-22-30016818
E-Mail :	corpaffairs@highstreetphoenix.com enquiry@onebengelorewest.in kalimuthu.m@phoenixmarketcity.com

DIRECTORS

As on. 30.09.2014

Name :

Mr. Mayank Arvind Kumar Ruia

Designation :

Managing Director

Address :

Ruia House, 19 Bhausaheb hire Marg, Mumbai – 400006, Maharashtra, India

Date of Birth/Age :

13.10.1981

Date of Appointment :

28.03.2012

DIN No.:

03525218

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	U45400MH2008PTC178115	PALLADIUM CONSTRUCTIONS PRIVATE LIMITED	Managing director	28/03/2012	27/06/2011	-	Active	NO
2	U70101MH2007PTC173285	PLATINUM SPACES PRIVATE LIMITED	Nominee director	30/08/2011	27/06/2011	-	Amalgamated	NO
3	U74999MH2006PTC163143	TREASURE WORLD DEVELOPERS PRIVATE LIMITED	Director	29/09/2011	05/09/2011	21/03/2012	Active	NO
4	U45202MH1999PLC164003	ENTERTAINMENT WORLD DEVELOPERS LIMITED	Director	29/09/2011	29/09/2011	21/03/2012	Active	NO
5	U74999MH2008PTC183667	MARKET CITY MANAGEMENT PRIVATE LIMITED.	Director	01/11/2011	01/11/2011	22/05/2013	Active	NO
6	U55204MH2011PTC225022	LOCA HOSPITALITY PRIVATE LIMITED	Director	16/12/2011	16/12/2011	-	Active	NO
7	U55204MH2012PTC228278	WTF HOSPITALITY PRIVATE LIMITED	Director	16/03/2012	16/03/2012	-	Active	NO
8	U55101MH2007PTC169101	ALLIANCE SPACES PRIVATE LIMITED	Managing director	27/03/2012	27/03/2012	-	Active	NO
9	U45400MH2005PTC156887	CLASSIC HOUSING PROJECTS PRIVATE LIMITED	Director	12/09/2012	28/03/2012	26/02/2014	Active	NO

Name :

Mr. Shishir Ashok Srivastava

Designation :

Managing Director

Address :

1/1, Prakash C.H.S., Relif Road, Santacruz (West), Mumbai – 400054, Maharashtra India.

Date of Appointment :

12.09.2012

Date of Birth/Age :

09.03.1976

DIN No.:

01266095

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	U92142MH2006PTC160500	MARVELL MALL DEVELOPMENT COMPANY PRIVATE LIMITED	Director	20/07/2006	20/07/2006	14/05/2010	Active	NO
2	U45202MH1999PLC164003	ENTERTAINMENT WORLD DEVELOPERS LIMITED	Director	12/09/2006	12/09/2006	04/05/2010	Active	NO
3	U67120MH1995PLC085664	Pallazzio Hotels & Leisure Limited	Managing director	07/09/2012	13/12/2006	-	Active	NO
4	U67120MH2007PTC169479	ENHANCE HOLDINGS PRIVATE LIMITED	Director	31/03/2007	31/03/2007	-	Active	NO
5	U67190MH2007PTC171595	COLUMBUS INVESTMENT ADVISORY PRIVATE LIMITED	Director	13/06/2007	13/06/2007	16/10/2007	Active	NO
6	U55101MH2007PTC169101	ALLIANCE SPACES PRIVATE LIMITED	Director	19/09/2008	28/03/2008	-	Active	NO
7	U55209MH2006PTC161066	PHOENIX HOSPITALITY COMPANY PRIVATE LIMITED	Director	30/09/2008	27/06/2008	-	Active	NO
8	U55101MH2007PTC172946	MIRABEL ENTERTAINMENT PRIVATE LIMITED	Nominee director	24/03/2009	24/03/2009	21/03/2012	Active	NO
9	U45200MH2006PTC161067	Island Star Mall Developers Private Limited	Nominee director	25/06/2009	25/06/2009	20/07/2011	Active	NO
10	U55200MH2000PTC124192	OFFBEAT DEVELOPERS PRIVATE LIMITED	Nominee director	25/06/2009	25/06/2009	01/03/2011	Active	NO
11	U70100MH2005PTC156875	CLASSIC MALL DEVELOPMENT COMPANY PRIVATE LIMITED	Director	19/08/2010	08/09/2009	10/05/2012	Active	NO
12	U55101MH1996PTC101044	STARBOARD HOTELS PRIVATE LIMITED	Director	17/08/2010	08/09/2009	06/06/2013	Active	NO
13	U45400MH2005PTC156887	CLASSIC HOUSING PROJECTS PRIVATE LIMITED	Director	17/08/2010	08/09/2009	-	Active	NO
14	U70101MH2007PTC173285	PLATINUM SPACES PRIVATE LIMITED	Director	31/08/2010	11/12/2009	-	Amalgamated	NO
15	U70101MH2007PTC171777	CREST RESIDENCY PRIVATE LIMITED	Additional director	11/01/2010	11/01/2010	03/05/2010	Active	NO
16	U72900MH2000PTC126232	GRACEWORKS REALTY & LEISURE PRIVATE LIMITED	Director	01/09/2010	08/02/2010	19/08/2011	Active	NO
17	U55101MH2007PTC169124	INSIGHT HOTELS & LEISURE PRIVATE LIMITED	Director	31/08/2010	15/02/2010	-	Active	NO
18	L17100MH1905PLC000200	PHOENIX MILLS LIMITED	Managing director	30/07/2011	18/03/2010	-	Active	NO
19	U74999MH2006PTC163143	TREASURE WORLD DEVELOPERS PRIVATE LIMITED	Director	14/09/2010	04/05/2010	16/08/2011	Active	NO
20	U17125DL2007PTC218317	BIG APPLE REAL ESTATE PRIVATE LIMITED	Nominee director	27/08/2010	27/08/2010	-	Active	NO
21	U45400DL2007PTC218316	BLACKWOOD DEVELOPERS PRIVATE LIMITED	Nominee director	27/08/2010	27/08/2010	-	Active	NO
22	U45201MH2006PTC165253	VAMONA DEVELOPERS PRIVATE LIMITED	Nominee director	30/08/2011	29/03/2011	-	Active	NO
23	U70100MH2006PTC161072	Pinnacle Real Estate Development Private Limited	Director	17/08/2011	31/03/2011	-	Active	NO
24	U65990MH1991PTC060487	PLUTOCRAT ASSETS AND CAPITAL MANAGEMENT PRIVATE LIMITED	Director	01/11/2011	01/11/2011	-	Active	NO
25	U70200MH1996PTC104404	BUTALA FARM LANDS PRIVATE LIMITED	Director	01/11/2011	01/11/2011	-	Active	NO
26	U45400MH2008PTC178115	PALLADIUM CONSTRUCTIONS PRIVATE LIMITED	Director	12/09/2012	30/11/2011	-	Active	NO
27	U70100MH2006PTC161028	Ashton Real Estate Development Private Limited	Director	28/09/2012	27/12/2011	-	Active	NO
28	U55101UP2007PTC033633	GANGETIC HOTELS PRIVATE LIMITED	Director	11/02/2012	11/02/2012	-	Active	NO
29	U55101UP2008PTC034687	UPAL HOTELS PRIVATE LIMITED	Director	11/02/2012	11/02/2012	-	Active	NO
30	U74899DL1951PTC001959	GANGETIC DEVELOPERS PRIVATE LIMITED	Director	01/03/2012	01/03/2012	-	Active	NO
31	U45201DL2006PTC218315	UPAL DEVELOPERS PRIVATE LIMITED	Director	01/03/2012	01/03/2012	-	Active	NO
32	U52300MH2008PTC178354	PHOENIX RETAIL PRIVATE LIMITED	Director	29/09/2012	17/04/2012	-	Active	NO

Name :

Mr. Dipesh Kumar Gandhi

Designation :

Managing Director

Address :

Ti – 31 – Ba, Datta Apartment Ba, Ramakrishna Mishan Marg (Da) Khar (Pa) Mumbai – 400052, Maharashtra, India

Date of Birth/Age :

10.12.1976

Date of Appointment :

12.09.2012

DIN No.:

020795763

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	U45201MH2006PTC165253	VAMONA DEVELOPERS PRIVATE LIMITED	Additional director	21/06/2012	19/06/2008	12/09/2012	Active	NO
2	U55101MH2008PTC181387	ALLIED HOTELS PRIVATE LIMITED	Director	25/09/2009	15/11/2008	30/11/2011	Active	NO
3	U55101MH2008PTC181455	WINSTON HOTELS PRIVATE LIMITED	Director	25/09/2009	15/11/2008	30/11/2011	Active	NO
4	U55101MH2008PTC181388	SIMPLEX HOTELS PRIVATE LIMITED	Director	25/09/2009	15/11/2008	30/11/2011	Active	NO
5	U55101MH2007PTC169101	ALLIANCE SPACES PRIVATE LIMITED	Nominee director	22/12/2008	22/12/2008	30/11/2011	Active	NO
6	U45400MH2008PTC178115	PALLADIUM CONSTRUCTIONS PRIVATE LIMITED	Director	12/09/2012	25/03/2009	-	Active	NO
7	U70101MH2007PTC173285	PLATINUM SPACES PRIVATE LIMITED	Nominee director	12/09/2012	06/05/2009	-	Amalgamated	NO
8	U70100MH2006PTC161028	Ashton Real Estate Development Private Limited	Director	29/09/2010	12/02/2010	27/12/2011	Active	NO
9	U70100MH2005PTC156875	CLASSIC MALL DEVELOPMENT COMPANY PRIVATE LIMITED	Director	12/09/2012	19/06/2012	08/05/2013	Active	NO
10	U55200MH2000PTC124192	OFFBEAT DEVELOPERS PRIVATE LIMITED	Director	12/09/2012	21/06/2012	-	Active	NO
11	U45200MH2006PTC161067	Island Star Mall Developers Private Limited	Director	12/09/2012	21/06/2012	-	Active	NO
12	U55101MH2012PTC235585	SAVANNAH PHOENIX PRIVATE LIMITED	Director	11/09/2012	11/09/2012	-	Active	NO
13	U72900MH2000PTC126232	GRACEWORKS REALTY & LEISURE PRIVATE LIMITED	Director	30/09/2013	07/01/2013	-	Active	NO
14	U55101MH2013PTC243254	CREME BRULEE FOODS PRIVATE LIMITED	Director	13/05/2013	13/05/2013	-	Active	NO
15	AAA-8538	VE ALTERNATE INVESTMENT ADVISORY LLP	Designated Partner	27/03/2012	27/03/2012	-	Active	NO

Name :

Mr. Arunprakash Srinivasarao Kopati

Designation :

Nominee Director

Address :

Flat No. 302, 3^rd Floor, Vishal Villa CHS Limited, Shivaji Park, Plot 167, Pandurang Naik Marg, Dadar West, Mumbai 0- 400028, Maharashtra, India

Date of Birth/Age :

21.05.1966

Date of Appointment :

30.09.2013

DIN No.:

00027783

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	L27107PB1985PLC006159	STEEL STRIPS WHEELS LTD	Director	29/09/2012	22/08/2005	08/01/2013	Active	NO
2	U74140TN2003PTC051955	UPDATER SERVICES PRIVATE LIMITED	Director	23/01/2006	23/01/2006	30/06/2007	Active	NO
3	U92132DL2004PLC196312	IBN18 MEDIA & SOFTWARE LIMITED	Nominee director	20/03/2006	20/03/2006	28/09/2007	Amalgamated	NO
4	U72200AP1997PLC033030	PROLIFICS CORPORATION LIMITED	Nominee director	29/09/2006	01/04/2006	27/06/2007	Active	NO
5	U00000CH2004PLC027625	SPRAY ENGINEERING DEVICES LIMITED	Nominee director	25/09/2006	25/09/2006	27/06/2007	Active	NO
6	U15499KL1989PTC005449	EASTERN CONDIMENTS PRIVATE LIMITED	Nominee director	10/11/2006	10/11/2006	27/06/2007	Active	NO
7	U45200TG2004PTC044833	VISHWA INFRASTRUCTURES AND SERVICES PRIVATE LIMITED	Additional director	12/09/2011	28/03/2008	06/04/2012	Active	NO
8	U55110GJ1998PLC035044	NEESA LEISURE LIMITED	Nominee director	25/09/2008	31/03/2008	31/10/2012	Active	NO
9	U35999TG2009PTC063594	VISHWA PIPE INDUSTRIES PRIVATE LIMITED	Nominee director	07/05/2009	07/05/2009	18/10/2010	Active	NO
10	U66020MH2006PLC165039	Axis Private Equity Limited	Managing director	29/05/2012	17/10/2011	31/10/2012	Active	NO
11	U55101MH2007PTC169101	ALLIANCE SPACES PRIVATE LIMITED	Director	30/09/2013	01/11/2012	-	Active	NO
12	U45201MH2006PTC165253	VAMONA DEVELOPERS PRIVATE LIMITED	Director	30/09/2013	01/11/2012	-	Active	NO
13	U55101WB1996PTC081666	JALAN INTER CONTINENTAL HOTELS Private LIMITED	Nominee director	30/09/2013	01/11/2012	-	Active	NO
14	U45201GJ2004PTC044469	MODI ORGANISORS PRIVATE LIMITED	Nominee director	01/11/2012	01/11/2012	22/04/2013	Active	NO
15	U74899DL1951PTC001959	GANGETIC DEVELOPERS PRIVATE LIMITED	Nominee director	01/11/2012	01/11/2012	24/07/2014	Active	NO
16	U70101MH2007PTC173285	PLATINUM SPACES PRIVATE LIMITED	Nominee director	30/09/2013	01/11/2012	-	Amalgamated	NO
17	U45400MH2008PTC178115	PALLADIUM CONSTRUCTIONS PRIVATE LIMITED	Nominee director	30/09/2013	01/11/2012	-	Active	NO
18	U45400WB2007PTC114605	FORUM IT PARKS PRIVATE LIMITED	Nominee director	30/09/2013	01/11/2012	-	Active	NO
19	U29199KA1993PTC014368	SAKET ENGINEERS PRIVATE LIMITED	Nominee director	01/11/2012	01/11/2012	-	Active	NO
20	U70100MH2005PTC155338	CITY CENTRE MALL NASHIK PRIVATE LIMITED	Nominee director	30/09/2013	01/11/2012	-	Active	NO
21	U45201WB2005PTC101773	RIVERBANK HOLDINGS PRIVATE LIMITED	Nominee director	01/11/2012	01/11/2012	-	Amalgamated	NO
22	U70102PN2006PTC129191	KOLTE-PATIL REAL ESTATE PRIVATE LIMITED	Nominee director	01/11/2012	01/11/2012	-	Active	NO
23	U70101MH2006PTC182014	INDORE TREASURE TOWN PRIVATE LIMITED	Director	30/12/2013	12/12/2012	-	Active	NO
24	U45400MH2007PTC176925	ORBIT HIGHCITY PRIVATE LIMITED	Nominee director	31/01/2014	31/01/2014	-	Active	NO
25	U45208WB2008PTC129899	EDENCITY PROJECTS PRIVATE LIMITED	Director	17/11/2014	17/11/2014	-	Active	NO

Name :

Mr. Prakash Kumar Mantripragada

Designation :

Whole Time Director

Address :

#1048, Balaj Sapthagiri Apts, Block I, Brookefields Kundanahall, Bangalore, Karnataka, India

Date of Birth/Age :

04.05.1963

Date of Appointment :

28.03.2012

DIN No.:

05255872

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	U45200MH2006PTC161067	Island Star Mall Developers Private Limited	Whole-time director	27/03/2012	27/03/2012	-	Active	NO
2	U45400MH2008PTC178115	PALLADIUM CONSTRUCTIONS PRIVATE LIMITED	Whole-time director	28/03/2012	28/03/2012	-	Active	NO

Name :

Mr. Arshia Samir Ladak

Designation :

Whole Time Director

Address :

Cypress 604, Prestige St. Johns Wood, Tavarekere Maiun Road, Koramangala Bangalore, Karnataka, India.

Date of Birth/Age :

12.03.1971

DIN No.:

05263691

Date of Appointment :

28.03.2012

Name :

Mr. Rajsekhar Ghosh

Designation :

Whole Time Director

Address :

Flat No. 1003, 10^th Floor, Sun Heights, Off A S Marg, Powai, Mumbai – 400076, Maharashtra India

Date of Birth/Age :

26.12.1978

Date of Appointment :

12.09.2012

DIN No.:

05314524

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	U70100MH2005PTC155338	CITY CENTRE MALL NASHIK PRIVATE LIMITED	Nominee director	30/09/2014	28/08/2012	-	Active	NO
2	U45201WB2005PTC101773	RIVERBANK HOLDINGS PRIVATE LIMITED	Nominee director	05/09/2012	05/09/2012	-	Amalgamated	NO
3	U55101WB1996PTC081666	JALAN INTER CONTINENTAL HOTELS Private LIMITED	Director	21/09/2012	07/09/2012	-	Active	NO
4	U45400MH2008PTC178115	PALLADIUM CONSTRUCTIONS PRIVATE LIMITED	Director	12/09/2012	07/09/2012	-	Active	NO
5	U45400WB2007PTC114605	FORUM IT PARKS PRIVATE LIMITED	Nominee director	29/09/2012	07/09/2012	-	Active	NO
6	U70101MH2007PTC173285	PLATINUM SPACES PRIVATE LIMITED	Nominee director	12/09/2012	07/09/2012	-	Amalgamated	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2014

Names of Shareholders	No. of Shares	%age
The Phoenix Mills Limited	13125795	36.71
K 2 G Residential Limited	5625340	15.73
Phoenix Hospitality Company Private Limited	11900000	33.29
K 2 F Residential Limited	5100000	14.27
Total	35751135	100.00

List Of Alloties	No. of Shares
K 2 F Residential Limited	5100000
Phoenix Hospitality Company Private Limited	11900000
Total	17000000

Equity Share Break up (Percentage of Total Equity)

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	30%
Bodies corporate	70%
Total	100.00

BUSINESS DETAILS

Line of Business :	Construction Activity
Products :	Not Available
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :
Products :	Not Divulged
Countries :	Not Divulged
Imports :
Products :	Not Divulged
Countries :	Not Divulged
Terms :
Selling :	Not Divulged
Purchasing :	Not Divulged

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 :

Wholesalers, Retailers, End Users, OEM’s and Others

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 :

80 (Approximately)

Bankers :

Banker Name	Corporation Bank
Branch Address	Not Divulged
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
Name of Account Holder	Not Divulged
Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

Banker Name	SBICAP Trustee Company Limited
Branch Address	Colaba, Mumbai – 400005, Maharashtra, India
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
Name of Account Holder	Not Divulged
Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Rs. 1300.000 Miilions (May 2013)
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

Facilities :

(Rs. In Millions)

SECURED LOAN	As on 31.03.2014	As on 31.03.2013
Short Term Borrowing
Working Capital Loans From Bank	0.000	700.917
Rupee Term Loans From Banks	746.685	0.000
Total	746.685	700.917

Auditors :
Name :	A.M. Ghelani and Company Chartered Accountant
Address :	224, Champak Industrial Estate, Sion – Koliwada Road, Sion (East), Mumbai – 400 022, India
PAN No.:	AAEFA9071B
Memberships :	Not Available
Fellow Subsidiary Company :	Platinum Spaces Private Limited Pallazzio Hotels and Leisure Limited Market City Resources Private Limited Island Star Mall Developers Private Limited Alliance Space Private Limited
Holding Company :	The Phonix Mills Group K 2 G Residential Limited

CAPITAL STRUCTURE

As on. 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
36000000	Equity Shares	Rs. 10 per Share	Rs.360.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
35751135	Equity Shares	Rs. 10 per Share	Rs.357.511Millions

As on. 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
25000000	Equity Shares	Rs. 10 per Share	Rs.250.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
18751135	Equity Shares	Rs. 10 per Share	Rs.187.511 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	187.511	202.600	202.600
(b) Reserves & Surplus	4018.928	1762.282	1760.533
(c) Money received against share warrants	170.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	4376.439	1964.882	1963.133
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.000
(b) Deferred tax liabilities (Net)	2.237	0.000	0.000
(c) Other long term liabilities	2.845	2.293	0.974
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	5.082	2.293	0.974
(4) Current Liabilities
(a) Short term borrowings	746.685	1862.217	1161.300
(b) Trade payables	108.754	61.055	2.211
(c) Other current liabilities	429.613	1203.632	2.562
(d) Short-term provisions	0.156	86.015	7.637
Total Current Liabilities (4)	1285.208	3212.919	1173.710
TOTAL	5666.729	5180.094	3137.817
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	9.325	8.106	2.781
(ii) Intangible Assets	1.532	1.622	0.000
(iii) Capital work-in-progress	0.000	0.000	2325.039
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.000	0.000	0.000
(c) Deferred tax assets (net)	0.274	24.506	0.000
(d) Long-term Loan and Advances	0.000	0.000	0.000
(e) Other Non-current assets	14.351	96.343	70.000
Total Non-Current Assets	25.482	130.577	2397.820
(2) Current assets
(a) Current investments	1226.571	1683.038	334.310
(b) Inventories	3690.944	3205.134	0.000
(c) Trade receivables	559.812	0.000	0.000
(d) Cash and cash equivalents	9.732	41.552	389.605
(e) Short-term loans and advances	153.434	100.644	1.206
(f) Other current assets	0.754	19.149	14.876
Total Current Assets	5641.247	5049.517	739.997
TOTAL	5666.729	5180.094	3137.817

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	3550.713	58.961
		Other Income	22.797	0.000
		TOTAL	3573.510	58.961
Less	EXPENSES
		Variation In Inventories	(485.810)	(880.095)
		Construction Cost	2896.679	860.561
		Operating and Other Expenses	24.826	5.678
		Selling and Marketing Expenses	68.608	73.990
		TOTAL	2504.303	60.134
	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		1069.207	(1.173)
					NA
Less	FINANCIAL EXPENSES		8.007	18.192
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		1061.200	(19.365)
Less/ Add	DEPRECIATION/ AMORTISATION		2.330	0.886
	PROFIT BEFORE TAX		1058.870	(20.251)
Less	TAX		244.556	(24.506)
	PROFIT AFTER TAX (G-H)		814.314	4.255
	Earnings Per Share (Rs.)		4.34	0.020

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin PAT / Sales	(%)	22.93	7.22	NA
Operating Profit Margin (PBDIT/ Sales)	(%)	30.11	(1.99)	NA
Return on Total Assets (PBT/Total Assets}	(%)	18.69	(0.39)	NA
Return on Investment (ROI) (PBT/Networth)		0.24	(0.01)	NA
Debt Equity Ratio (Total Debt /Networth)		0.17	0.95	0.59
Current Ratio (Current Asset/Current Liability)		4.39	1.57	0.63

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	202.600	202.600	187.511
Reserves & Surplus	1760.533	1762.282	4018.928
Net worth	1963.133	1964.882	4206.439
long-term borrowings	0.000	0.000	0.000
Short term borrowings	1161.300	1862.217	746.685
Total borrowings	1161.300	1862.217	746.685
Debt/Equity ratio	0.592	0.948	0.178

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)
Sales	58.961	3550.713
		5,922.138

NET PROFIT MARGIN

Net Profit Margin	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)
Sales	58.961	3550.713
Profit	4.255	814.314
	7.22%	22.93%

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 two years	Yes
12]	Profitability for last two 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	Yes

Note:

The registered office of the company has been shifted from Phoenix Mills Premises, 462, Senapati Bapat Marg, Lower Parel, Mumbai 400013, Maharashtra, India to present address w.e.f. 26.06.2009

SCHEME OF AMALGAMATION OF PLATINUM SPACES PRIVATE LIMITED WITH THE COMPANY

The Hon?ble High Court of Judicature at Bombay has vide order dated 2^nd May, 2014 sactioned the scheme of amalgamation of Platinum Spaces Private Limited (? Platinum?) with Palladium Constructions Private Limited (?Palladium?). The Certified Copy of the same has been filed with the Registrar of Companies on 11^th July, 2014 (effective date.).

As per the scheme of amalgamation of Platinum with Palladium, the shareholders of Platinum will be entitled to receive 17 Shares of Palladium in lieu of every 5 shares held in Platinum.

The Company is in the process of completing post-merger formalities.

UNSECURED LOAN

(Rs. In Millions)

Particular	As on 31.03.2014	As on 31.03.2013
Short Term Borrowing
Fully Convertible Debentures Intercorporate	0.000	1161.300
Total	0.000	1161.300

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10425011	26/03/2013	1,300,000,000.00	SBICAP TRUSTEE COMPANY LIMITED	202, MAKER TOWER, 'E', CUFFE PARADE,, COLABA,, MU  MBAI, Maharashtra - 400005, INDIA	B74888991

* Date of charge modification

FIXED ASSETS

Tangible Assets

• Motor Vehicles
• Office Equipment
• Furniture and Fixture
• Vehicles Computer Equipment

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 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.63.63
UK Pound	1	Rs.98.98
Euro	1	Rs.77.74

INFORMATION DETAILS

Information Gathered by :	SUV
Analysis Done by :	RSM
Report Prepared by :	SPR

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	6
--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	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		50

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.