MIRA INFORM REPORT

Report No. :	303807
Report Date :	20.01.2015

IDENTIFICATION DETAILS

Name :	ATS ESTATES PRIVATE LIMITED
Registered Office :	711/92, Deepali, Nehru Place, New Delhi - 110019
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	21.03.2007
Com. Reg. No.:	11-160904
Capital Investment / Paid-up Capital :	Rs. Millions
CIN No.: [Company Identification No.]	U70102DL2007PTC160904
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 :	Subject is engaged in the Business of Construction and Development of Real Estate Activities.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

B (27)

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

Maximum Credit Limit :	USD 8800000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. As per Registrar of companies the date of balance sheet i.e. financials filed is shown as 31^st March, 2014 but the documents related to the financials for the year 2014 are not available from any sources. As per available financial of 2013, the company has incurred a loss from its operations. However, trade relations are fair. Business is active. Payment terms are reported to be slow but correct. The company can be considered for business dealing 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 – 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

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 DECLINED BY

Name :	Ms. Divya
Designation :	Finance Department
Contact No.:	91-9582970205
Date :	19.01.2015

LOCATIONS

Registered Office :	711/92, Deepali, Nehru Place, New Delhi – 110019, India
Tel. No. :	Not Available
Mobile No. :	91-9582970205 (Ms. Divya)
Fax No. :	Not Available
E-Mail :	vipul.maheshwari@atsgreens.com
Site Office :	Sada Shiv Complex, Chandigarh Ambala Highway, Zikarpur, Derabassi,– 140507, Punjab, India

DIRECTORS

As on 26.09.2014

Name :

Getamber Anand

Designation :

Managing Director

Address :

C-226, Sector 44, Noida - 201301, Uttar Pradesh, India

Date of Birth/Age :

25.04.1964

Date of Appointment :

30.03.2009

DIN No. :

00120610

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	U17111PB1987PTC007678	FUTURA DRESSES PVT LTD	Director	27-09-1987	27-09-1987	13-11-2014	Active	NO
2	U74899DL1994PTC058927	ATS BUILDLINE PRIVATE LIMITED	Director	10-05-1994	10-05-1994	14-08-2014	Active	NO
3	U70101DL1998PTC095488	ATS PROMOTORS AND BUILDERS PRIVATE LIMITED	Director	11-08-1998	11-08-1998	14-08-2014	Active	NO
4	U45201DL1996PLC083475	ATS INFRASTRUCTURE LIMITED	Managing director	01-07-2000	01-07-2000	-	Active	NO
5	U74200DL1997PTC086470	ATS MAINTENANCE SERVICES PRIVATE LIMITED	Director	22-09-2001	22-09-2001	03-11-2011	Active	NO
6	U01119DL2003PTC120759	GROUND-REALITY BIO-VENTURES PRIVATE LIMITED	Director	06-06-2003	06-06-2003	13-11-2014	Active	NO
7	U72900DL2003PTC122943	ALSTONIA TOWNSHIP PRIVATE LIMITED	Director	05-11-2003	05-11-2003	14-08-2014	Active	NO
8	U74899HR1993PTC031981	SATISFYING OVERSEAS PRIVATE LIMITED	Director	02-04-2004	02-04-2004	14-08-2014	Active	NO
9	U45201DL2003PTC121937	DREAMLAND ESTATES PRIVATE LIMITED	Director	21-11-2005	21-11-2005	14-08-2014	Active	NO
10	U72200DL2005PTC141840	S T G SOFTEK PRIVATE LIMITED	Director	24-11-2005	24-11-2005	-	Active	NO
11	U55101UR2001PTC026356	PRATEEK RESORTS AND BUILDERS PRIVATE LIMITED	Director	12-08-2006	12-08-2006	-	Active	NO
12	U74920DL2006PTC153049	ADION TECHNOLOGIES PRIVATE LIMITED	Director	04-09-2006	04-09-2006	-	Active	NO
13	U45200DL2007PTC160824	ATS DEVELOPMENT PRIVATE LIMITED	Director	20-03-2007	20-03-2007	14-08-2014	Active	NO
14	U70102DL2007PTC160904	ATS ESTATES PRIVATE LIMITED	Managing director	30-03-2009	21-03-2007	-	Active	NO
15	U45200DL2007PTC161161	DYNAMIC COLONIZERS PRIVATE LIMITED	Director	26-03-2007	26-03-2007	01-01-2008	Active	NO
16	U45400DL2007PTC161177	ATS BUILDCON PRIVATE LIMITED	Director	28-03-2007	28-03-2007	14-08-2014	Active	NO
17	U45208DL2007PTC161278	ATS PROJECTS PRIVATE LIMITED	Director	29-03-2007	29-03-2007	14-08-2014	Active	NO
18	U45400DL2007PTC168922	ATS INFRABUILD PRIVATE LIMITED	Director	04-10-2007	04-10-2007	-	Active	NO
19	U45400DL2008PTC177145	ATS APARTMENTS PRIVATE LIMITED	Director	24-04-2008	24-04-2008	14-08-2014	Active	NO
20	U45300DL2008PTC177429	ATS TOWNSHIP PRIVATE LIMITED	Director	30-04-2008	30-04-2008	-	Active	NO
21	U91110DL1999NPL247248	CONFEDERATION OF REAL ESTATE DEVELOPERS' ASSOCIATIONS OF INDIA	Director	01-04-2009	01-04-2009	-	Active	NO
22	U45201DL2002PTC114231	JETLEY PROPERTIES AND PROMOTERS PRIVATE LIMITED	Director	01-08-2009	01-08-2009	14-08-2014	Active	NO
23	U70101DL2010PTC207984	ATS HOMES PRIVATE LIMITED	Director	08-09-2010	08-09-2010	14-08-2014	Active	NO
24	U70101DL2011PTC218192	Anand Divine Developers Private Limited	Director	27-04-2011	27-04-2011	-	Active	NO
25	U70100DL2010PTC206543	Wonderworld Infratech Private Limited	Director	29-04-2011	29-04-2011	14-08-2014	Active	NO
26	U45400DL2010PTC204082	Anand Rural Housing Infrastructure Development Private Limited	Director	23-09-2011	22-06-2011	-	Active	NO
27	U45400DL2010PTC204100	Almond Infrabuild Private Limited	Director	22-06-2011	22-06-2011	-	Active	NO
28	U70109DL2010PTC199244	KAANHA INFRASTRUCTURE PRIVATE LIMITED	Director	01-10-2011	01-10-2011	14-08-2014	Active	NO
29	U45300DL2007PTC167437	GUL PROPERTIES PRIVATE LIMITED	Whole-time director	21-11-2011	21-11-2011	-	Active	NO
30	U70100DL2012PTC234830	FIRMAMENT REACH BUILDTECH PRIVATE LIMITED	Director	26-04-2012	26-04-2012	07-08-2012	Active	NO
31	U70100DL2012PTC237204	ATS HOUSING PRIVATE LIMITED	Director	11-06-2012	11-06-2012	-	Active	NO
32	U70200DL2012PTC240824	ATS REALTY PRIVATE LIMITED	Director	24-08-2012	24-08-2012	-	Active	NO
33	U70102DL2012PTC241202	ATS REAL ESTATE BUILDERS PRIVATE LIMITED	Director	28-08-2012	28-08-2012	-	Active	NO
34	U70109DL2012PTC241931	ATS NIRMAN PRIVATE LIMITED	Director	10-09-2012	10-09-2012	14-08-2014	Active	NO
35	U70109DL2012PTC243081	ATS REALWORTH PRIVATE LIMITED	Director	03-10-2012	03-10-2012	-	Active	NO
36	U72200DL2005PTC132536	JANHAVI INFORMATION TECHNOLOGY PRIVATE LIMITED	Director	28-09-2013	08-01-2013	14-08-2014	Active	NO
37	U63040DL1993PTC052500	URVI HOMES PRIVATE LIMITED	Director	08-01-2013	08-01-2013	-	Active	NO
38	U45200DL2013PTC254268	ATS INFRATECH PRIVATE LIMITED	Director	24-06-2013	24-06-2013	14-08-2014	Active	NO
39	U45206DL2013PTC255908	ATS BUILDWORTH PRIVATE LIMITED	Director	25-07-2013	25-07-2013	14-08-2014	Active	NO
40	U74999DL2013PTC257225	Parametrique Electronic Solutions Private Limited	Director	05-09-2013	05-09-2013	-	Active	NO
41	U45201DL2013PTC257373	Anand Rural Superbuilt Private Limited	Director	07-09-2013	07-09-2013	14-08-2014	Active	NO
42	U45400DL2013PTC257444	Anand Rural Buildline Private Limited	Director	09-09-2013	09-09-2013	14-08-2014	Active	NO
43	U45400DL2013PTC257521	Anand Rural Propbuild Private Limited	Director	10-09-2013	10-09-2013	14-08-2014	Active	NO
44	U45400DL2013PTC257702	Anand Rural Buildworth Private Limited	Director	12-09-2013	12-09-2013	14-08-2014	Active	NO
45	U45400DL2013PTC256421	Domus Greens Private Limited	Additional director	30-10-2013	30-10-2013	-	Active	NO
46	U72200DL2005PTC141530	TANGO SOFTWARE SOLUTIONS PRIVATE LIMITED	Additional director	10-12-2013	10-12-2013	14-08-2014	Active	NO
47	U70100DL2014PTC262971	NOBILITY ESTATES PRIVATE LIMITED	Director	26-09-2014	16-06-2014	-	Active	NO
48	AAA-0867	UMRITHA INFRASTRUCTURE DEVELOPMENT LLP	Body corporate as Designated Partner	04-03-2010	04-03-2010	-	Active	NO
49	AAA-0867	UMRITHA INFRASTRUCTURE DEVELOPMENT LLP	Body corporate as Designated Partner	10-03-2010	10-03-2010	-	Active	NO
50	AAA-0910	AMRITHARTH INFRASTRUCTURE DEVELOPMENT LLP	Designated Partner	10-03-2010	10-03-2010	-	Active	NO
51	AAA-4555	ANANDVARNAM SPRAWLS DEVELOPERS LLP	Designated Partner	20-04-2011	20-04-2011	-	Active	NO
52	AAA-4635	ANAND AMBROSIA INFRABUILD LLP	Designated Partner	28-04-2011	28-04-2011	-	Active	NO
53	AAA-8227	ANAND LIFESPACE DEVELOPMENT LLP	Body corporate as Designated Partner	05-03-2012	05-03-2012	-	Active	NO
54	AAA-8271	ANAND RURAL HOUSING LLP	Body corporate as Designated Partner	07-03-2012	07-03-2012	-	Active	NO

Name :

Mr. Rajiv Maheshwari

Designation :

Director

Address :

503 B, Tower 2, Dheeraj Gaurav Heights, Andheri-Link Road, Andheri, Mumbai - 400053, Maharashtra, India

Date of Birth/Age :

21.04.1966

Date of Appointment :

03.09.2011

DIN No. :

01371526

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	U45202PN2001PTC016236	KAKADE CONSTRUCTIONS COMPANY PRIVATE LIMITED	Nominee director	03-02-2007	03-02-2007	-	Active	NO
2	U70102TG2006PTC051181	DSL INFRASTRUCTURE AND SPACE DEVLOPERS PRIVATE LIMITED	Director	07-08-2007	07-08-2007	-	Active	NO
3	U70100MH2006PTC159201	SUYOG REALTORS PRIVATE LIMITED	Director	03-05-2008	03-05-2008	04-06-2012	Active	NO
4	U45202MH2009PTC192761	SRM SITES PRIVATE LIMITED	Nominee director	28-10-2009	28-10-2009	17-09-2014	Active	NO
5	U70102DL2007PTC160904	ATS ESTATES PRIVATE LIMITED	Director	03-09-2011	28-10-2010	-	Active	NO
6	U45208WB2008PTC129899	EDENCITY PROJECTS PRIVATE LIMITED	Director	05-08-2011	15-11-2010	17-11-2014	Active	NO
7	U45200MH2008PTC186810	RUNWAL PROJECTS PRIVATE LIMITED	Director	30-09-2011	22-11-2010	24-09-2014	Active	NO
8	U45400MH2008PTC187022	WONDERVALUE REALTY DEVELOPERS PRIVATE LIMITED	Nominee director	07-12-2010	07-12-2010	04-06-2012	Active	NO
9	U70102TG2007PLC056526	RAMKY INTEGRATED TOWNSHIP LIMITED	Nominee director	08-12-2010	08-12-2010	13-06-2014	Active	NO
10	U70102DL2007PLC158377	ANSAL TOWNSHIPS INFRASTRUCTURE LIMITED	Nominee director	29-09-2011	13-12-2010	22-08-2014	Active	NO
11	U70102DL2007PLC158578	ANSAL SEZ PROJECTS LIMITED	Nominee director	29-09-2011	13-12-2010	13-04-2012	Active	NO
12	U45200TN2007PTC065754	GK Industrial Park Private Limited	Director	14-12-2010	14-12-2010	-	Active	NO
13	U45203GJ2008PTC069640	HUBTOWN BUS TERMINAL (VADODARA) PRIVATE LIMITED	Director	25-08-2011	19-01-2011	12-09-2014	Active	NO
14	U45400GJ2008PTC069638	HUBTOWN BUS TERMINAL (MEHSANA) PRIVATE LIMITED	Director	25-08-2011	19-01-2011	12-09-2014	Active	NO
15	U45203GJ2008PTC069636	HUBTOWN BUS TERMINAL (ADAJAN) PRIVATE LIMITED	Director	25-08-2011	19-01-2011	12-09-2014	Active	NO
16	L70101TN2007PLC065552	PREMIER CHENNAI PROPERTIES LIMITED	Director	15-02-2011	15-02-2011	24-01-2014	Active	NO
17	U70101KL2005PTC018111	DEWA PROJECTS PRIVATE LIMITED	Nominee director	30-09-2011	23-03-2011	12-06-2012	Active	NO
18	U70102PN2007PTC129608	KAKADE ESTATE DEVELOPERS PRIVATE LIMITED	Nominee director	31-12-2011	31-12-2011	-	Active	NO
19	U60200GJ2009PTC058763	HUBTOWN BUS TERMINAL (AHMEDABAD) PRIVATE LIMITED	Director	21-09-2012	13-02-2012	12-09-2014	Active	NO

Name :

Mr. Vipul Kumar Maheshwari

Designation :

Director

Address :

Flat No.24 Brothers Apts., 16 I. P. Extention, New Delhi - 110092, India

Date of Birth/Age :

03.08.1978

Date of Appointment :

22.06.2012

DIN No. :

02905083

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	U45200DL2007PTC161161	DYNAMIC COLONIZERS PRIVATE LIMITED	Director	27-09-2010	01-04-2010	-	Active	NO
2	U93030DL2010PTC201171	APPLE MANAGECON PRIVATE LIMITED	Director	06-04-2010	06-04-2010	07-02-2014	Active	NO
3	U70101DL2010PTC209193	ALMOND ESTATE CONSULTANTS PRIVATE LIMITED	Director	07-10-2010	07-10-2010	-	Active	NO
4	U70200DL2010PTC203381	Fuchsia Developers Private Limited	Additional director	07-01-2011	07-01-2011	-	Active	NO
5	U70101DL2011PTC214280	TEAM PIGEON REAL ESTATES PRIVATE LIMITED	Director	17-02-2011	17-02-2011	07-02-2014	Active	NO
6	U70109DL2011PTC220602	SIXTH SENSE INFRACON PRIVATE LIMITED	Director	09-06-2011	09-06-2011	07-02-2014	Active	NO
7	U55101UR2001PTC026356	PRATEEK RESORTS AND BUILDERS PRIVATE LIMITED	Director	02-09-2011	05-07-2011	-	Active	NO
8	U45400DL2008PTC177145	ATS APARTMENTS PRIVATE LIMITED	Director	03-09-2011	05-07-2011	-	Active	NO
9	U70109DL2010PTC199244	KAANHA INFRASTRUCTURE PRIVATE LIMITED	Director	01-10-2011	01-10-2011	-	Active	NO
10	U70100DL2010PTC206543	Wonderworld Infratech Private Limited	Director	27-09-2012	01-10-2011	-	Active	NO
11	U70101DL2010PTC207984	ATS HOMES PRIVATE LIMITED	Director	27-09-2012	01-10-2011	-	Active	NO
12	U45201DL2003PTC121937	DREAMLAND ESTATES PRIVATE LIMITED	Director	28-09-2012	14-10-2011	-	Active	NO
13	U70102DL2007PTC160904	ATS ESTATES PRIVATE LIMITED	Director	22-06-2012	21-04-2012	-	Active	NO
14	U70109DL2012PTC243081	ATS REALWORTH PRIVATE LIMITED	Director	23-09-2013	06-02-2013	-	Active	NO
15	U70102DL2012PTC241202	ATS REAL ESTATE BUILDERS PRIVATE LIMITED	Director	23-09-2013	06-02-2013	-	Active	NO
16	U45400DL2013PTC256421	DOMUS GREENS PRIVATE LIMITED	Director	22-11-2013	22-11-2013	-	Active	NO
17	U70100DL2012PTC237204	ATS HOUSING PRIVATE LIMITED	Director	23-09-2014	03-03-2014	-	Active	NO
18	U70100DL2014PTC262971	NOBILITY ESTATES PRIVATE LIMITED	Director	26-09-2014	06-06-2014	-	Active	NO
19	U45400DL2010PTC204082	ANAND RURAL HOUSING INFRASTRUCTURE DEVELOPMENT PRIVATE LIMITED	Director	23-09-2014	29-07-2014	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Ravinder Gusain
Designation :	Secretary
Address :	B-104, A-100/5, Gateway Appartments, Sector-51, Noida, Gautam Budh Nagar-201307, Noida - 201307, Uttar Pradesh, India
Date of Birth/Age :	05.07.1975
Date of Appointment :	01.06.2008
PAN No.:	AIEPG6625R
Name :	Ms. Divya
Designation :	Finance Department

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 26.09.2014

Names of Shareholders	No. of Shares
Getamber Anand	83499
Anil Kumar Saha	17317
IL and FS Trust Company Limited, India	1776017
ATS Infrastructure Limited, India	130248180
IIRF Holdings XV Limited, Mauritius	7785395
Getamber Anand and ATS Promoters and Builders Private Limited, India	1
STG Softek Private Limited, India	83496
Poonam Madan	1
Harjinder Singh Bagga and STG Softek Private Limited, India Jointly	1
Vipul K. Maheshwari and STG Softek Private Limited, India Jointly	1
Poonam Madan and ATS Promoters and Builders Private Limited, India	1
Total	139993909

As on 26.09.2014

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	5.56
Bodies corporate	94.37
Directors or relatives of Directors	0.06
Other top fifty shareholders	0.01
Total	100.00

BUSINESS DETAILS

Line of Business :	Subject is engaged in the Business of Construction and Development of Real Estate Activities.
Brand Names :	--
Agencies Held :	--
Exports :	--
Imports :	--
Terms :	--

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference:	NOT DIVULGED
Name of the Person (with Designation):
Contact Number:
Since How Long Known:
Maximum Limit Dealt:
Experience :
Remarks :

Customers :

Reference:	NOT DIVULGED
Name of the Person (with Designation):
Contact Number:
Since How Long Known:
Maximum Limit Dealt:
Experience :
Remarks :

No. of Employees :

Not Divulged

Bankers :

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

· ICICI Bank Limited, Videocon Tower, Jhandewalan, Delhi - 110055, India

Facilities :

SECURED LOANS	31.03.2013 (Rs. In Millions)	31.03.2012 (Rs. In Millions)
LONG TERM BORROWINGS
Rupee term loans from banks ((i) Extension of Charge and Assignment on " ATS Greens Golf Meadows" at Dera Bassi (ii) Extension of Charge and Assignment on " ATS Greens Golf Meadows Lifestyle" at Dera Bassi)	794.578	187.500
SHORT TERM BORROWINGS
Rupee term loans from banks (Extension of Charge and Assignment on " ATS Greens Golf Meadows" at Dera Bassi)	274.497	450.513
Total	1069.075	638.013

Financial Institution :	Housing Development Finance Corporation Limited, Ramon House 169backbay Reclamation, H T Parekh Marg, Mumbai - 400020, Maharashtra, India
Auditors :
Name :	Agarwal and Saxena Chartered Accountants
Address :	1-79, 7^th Floor ,Himalaya House, 23 K G Marg, New Delhi – 110001, India
Income-tax PAN of auditor or auditor's firm :	AADFA9757D
Memberships :	--
Collaborators :	--
Holding company :	ATS Infrastructure Limited CIN No.: U45201DL1996PLC083475
Associates :	· Alstonia Township Private Limited CIN No.: U72900DL2003PTC122943 · S T G Softek Private Limited CIN No.: U72200DL2005PTC141840 · Gul Properties Private Limited CIN No.: U45300DL2007PTC167437
Other Related Party :	ATS Education Trust

CAPITAL STRUCTURE

As on 26.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
140,000,000	Equity Shares	Rs.10/- each	Rs. 1400.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
139,993,909	Equity Shares	Rs.10/- each	Rs. 1399.939 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	1399.939	1399.939	1399.939
(b) Reserves & Surplus	1684.096	1724.292	1750.016
(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)	3084.035	3124.231	3149.955
(3) Non-Current Liabilities
(a) Long-term borrowings	794.578	187.500	0.000
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	2.498	0.294	0.000
(d) Long-term provisions	0.994	0.000	0.000
Total Non-current Liabilities (3)	798.070	187.794	0.000
(4) Current Liabilities
(a) Short term borrowings	306.997	450.513	100.000
(b) Trade payables	135.406	22.641	7.595
(c) Other current liabilities	1136.839	122.968	3.001
(d) Short-term provisions	0.026	0.000	0.066
Total Current Liabilities (4)	1579.268	596.122	110.662
TOTAL	5461.373	3908.147	3260.617
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	189.718	12.393	0.266
(ii) Intangible Assets	0.426	0.704	0.129
(iii) Capital work-in-progress	54.739	159.886	0.000
(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)	32.998	15.023	3.520
(d) Long-term Loan and Advances	13.555	1.899	1.200
(e) Other Non-current assets	49.518	40.807	0.492
Total Non-Current Assets	340.954	230.712	5.607
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	3608.915	2810.886	2610.463
(c) Trade receivables	0.000	0.000	0.000
(d) Cash and cash equivalents	11.734	4.304	4.989
(e) Short-term loans and advances	1498.469	862.204	639.508
(f) Other current assets	1.301	0.041	0.050
Total Current Assets	5120.419	3677.435	3255.010
TOTAL	5461.373	3908.147	3260.617

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	2.394	0.685	NA
		Other Income	NA	NA	NA
		TOTAL	NA	NA	NA
Less	EXPENSES
		TOTAL	NA	NA	NA
	PROFIT/ (LOSS) BEFORE TAX		(58.170)	(37.227)	NA
Less	TAX		(17.973)	(11.503)	NA
	PROFIT/ (LOSS) AFTER TAX		(40.197)	(25.724)	(1.825)
	Earnings / (Loss) Per Share (Rs.)		(0.29)	(0.18)	(0.01)

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
Net Profit Margin (PAT/Sales)	(%)	(1679.07)	(3755.33)	NA
Return on Total Assets (PBT/Total Assets}	(%)	(1.08)	(1.00)	NA
Return on Investment (ROI) (PBT/Networth)		(0.02)	(0.01)	NA
Debt Equity Ratio (Total Debt/Networth)		0.36	0.20	0.03
Current Ratio (Current Asset/Current Liability)		3.24	6.17	29.41

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	1399.939	1399.939	1399.939
Reserves & Surplus	1750.016	1724.292	1684.096
Net worth	3149.955	3124.231	3084.035
long-term borrowings	0.000	187.500	794.578
Short term borrowings	100.000	450.513	306.997
Total borrowings	100.000	638.013	1101.575
Debt/Equity ratio	0.032	0.204	0.357

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)
Sales	0.685	2.394
		249.489

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)
Sales	0.685	2.394
Profit	(25.724)	(40.197)
	(3755.33%)	(1679.07%)

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	No
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 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	No
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

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10535062	24/10/2014	2,125,980.00	ICICI BANK LIMITED	VIDEOCON TOWER, JHANDEWALAN, DELHI, DELHI - 110055, INDIA	C36051522
2	10513683	12/08/2014	750,000,000.00	HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED	RAMON HOUSE 169BACKBAY RECLAMATION, H T PAREKH MARG, MUMBAI, MAHARASHTRA - 400020, INDIA	C15556582
3	10484904	11/03/2014	250,000,000.00	HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED	RAMON HOUSE 169BACKBAY RECLAMATION, H T PAREKH MARG, MUMBAI, MAHARASHTRA - 400020, INDIA	C00515288
4	10471236	27/12/2013	250,000,000.00	HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED	RAMON HOUSE 169BACKBAY RECLAMATION, H T PAREKH MARG, MUMBAI, MAHARASHTRA - 400020, INDIA	B93910289
5	10436053	27/06/2013	550,000,000.00	HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED	RAMON HOUSE 169BACKBAY RECLAMATION, H T PAREKH MARG, MUMBAI, MAHARASHTRA - 400020, INDIA	B79275327
6	10411409	14/03/2013	150,000,000.00	HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED	RAMON HOUSE 169BACKBAY RECLAMATION, H T PAREKH MARG, MUMBAI, MAHARASHTRA - 400020, INDIA	B70648621
7	10391985	13/12/2012	1,250,000,000.00	HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED	RAMON HOUSE 169BACKBAY RECLAMATION, H T PAREKH MARG, MUMBAI, MAHARASHTRA - 400020, INDIA	B64141062
8	10387020	20/11/2012	150,000,000.00	HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED	RAMON HOUSE 169BACKBAY RECLAMATION, H T PAREKH MARG, MUMBAI, MAHARASHTRA - 400020, INDIA	B62218136
9	10303818	24/08/2011	750,000,000.00	HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED	RAMON HOUSE 169BACKBAY RECLAMATION, H T PAREKH MARG, MUMBAI, MAHARASHTRA - 400020, INDIA	B19461177

UNSECURED LOANS

PARTICULAR	31.03.2013 (Rs. In Millions)	31.03.2012 (Rs. In Millions)
SHORT TERM BORROWINGS
Intercorporate Borrowings	32.500	0.000
Total	32.500	0.000

GENERAL INFORMATION ABOUT COMPANY

ATS Estates Private Limited a company registered under Indian Companies Act 1956, incorporated as on 21^st March 2007. The company is primarily engaged in the business of construction and development of real estate activities. During the year 2012-13, ATS Estates Private Limited has completed construction of School Phase-I and provided to ATS Education Trust for Operation on Lease from 30th June 2012 with a moratorium period of 1 year.

OPERATIONS AND FUTURE PROSPECTS:

Building up on the relative buoyancy in the Indian economy the company has also experienced an uptick in business and the company has continued with the execution of the series of sub-projects launched on its land bank at Dera Bassi, Punjab.

The Company has made progress on the other projects viz. ATS Golf Meadows 1 & 2, School, ATS Lifestyle etc. The faith reposed by the clientele in the various projects provides confidence to the Company to move ahead with vigor.

During the year, the Company has continued to look for further land parcels for future growth.

With these steady progress achieved during the year, the company is now well poised to register a strong jump in the internal accruals of the project.

FIXED ASSETS

Tangible Assets

· Land

· Buildings

· Plant and Equipment

· Furniture and Fixtures

· Vehicles

· Motor Vehicles

· Office Equipment

· Computer Equipments

· Other Equipments

Intangible Assets

· Computer Software

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.61.70
UK Pound	1	Rs.93.41
Euro	1	Rs.71.33

INFORMATION DETAILS

Information Gathered by :	PRT
Analysis Done by :	RAS
Report Prepared by :	MRI

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
--PROFITABILIRY	1~10	2
--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		27

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.