MIRA INFORM REPORT

Report No. :	303831
Report Date :	22.01.2015

IDENTIFICATION DETAILS

Name :	LAMANE INFRASTRUCTURE PRIVATE LIMITED (w.e.f. 03.03.2014)
Formerly Known As :	HINDON PHARMA PRIVATE LIMITED
Registered Office :	A-74, Lower Ground Floor, Defence Colony, New Delhi - 110024
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	19.06.1980
Com. Reg. No.:	55-268775
Capital Investment / Paid-up Capital :	Rs.2.336 Millions
CIN No.: [Company Identification No.]	U70102DL1980PTC268775
TIN No.:	Not Available
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 :	24 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ca (11)

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is a company which has been acquired by a new management as on November 2013 for starting business as a real estate developer. Management has failed to file the latest financials of FY 2014, with the statutory authorities. As per available of the previous management, the company has not reported any commercial activity in its books. Mr. Navnit Jain, the director under new management claimed that the commercial activity has been started from April 2014, and the project is under construction. Moreover, the management is expecting a decent revenue from its customers for which the unverified figure is provided in the report for your mere reference. However, business is active. Payment terms are unknown. In view of lack of latest financials, the company can be considered for business dealings on a safe and secured 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

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 PARTED BY

Name :	Mr. Navnit Jain
Designation :	Director
Contact No.:	91-9811520527
Date :	19.01.2015

LOCATIONS

Registered Office :	A-74, Lower Ground Floor, Defence Colony, New Delhi – 110024, India
Tel. No.:	91-11-43747474
Mobile No.:	91-9811520527 (Mr. Navnit Jain)
Fax No.:	91-11-43747475
E-Mail :	navnitjain@yahoo.com
Location :	Owned
Project :	Near Kothal Gate, Mussoorie Diversion Road, Dehradun - 2480001, Uttarkhand, India

DIRECTORS

As on 30.09.2013

Name :

Mr. Navneet Jain

Designation :

Director

Address :

5 A/13, Ansari Road, Darya Ganj, New Delhi - 110002, India

Date of Appointment :

27.01.2014

DIN No.:

00302052

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	U55202DL2005PTC141385	GKJ SPECIAL FOODS PRIVATE LIMITED	Director	03/10/2005	03/10/2005	-	Active	NO
2	U45201DL2005PTC143810	FRIENDS CONSTRUCTURE PRIVATE LIMITED	Director	19/12/2005	19/12/2005	08/12/2006	Active	NO
3	U74899DL2006PTC146375	N AND R WAREHOUSE PRIVATE LIMITED	Director	15/02/2006	15/02/2006	15/10/2009	Active	NO
4	U55101DL2006PTC153721	FRIENDS HOSPITALITY SERVICES PRIVATE LIMITED	Director	14/09/2006	14/09/2006	-	Active	NO
5	U65999DL2006PTC154906	NET ASSET CONSULTING PRIVATE LIMITED	Director	30/10/2006	30/10/2006	15/10/2009	Active	NO
6	U45400DL2007PTC164496	AADI BUILDCON PRIVATE LIMITED	Director	18/06/2007	18/06/2007	15/10/2009	Active	NO
7	U25202DL2005PTC142976	BUDDY PLASTICS PRIVATE LIMITED	Director	12/07/2007	12/07/2007	15/10/2009	Active	NO
8	U01403DL2008PTC172990	GURU RAM RAI AGRO-INDIA PRIVATE LIMITED	Additional director	17/04/2008	17/04/2008	15/10/2009	Active	NO
9	U70101DL2004PTC129197	ARDENT REAL ESTATES PRIVATE LIMITED	Director	30/09/2013	17/11/2012	-	Active	NO
10	U70102DL1980PTC268775	LAMANE INFRASTRUCTURE PRIVATE LIMITED	Director	27/01/2014	05/12/2013	-	Active	NO
11	U70200DL2011PTC229284	Kenrick Developers Private Limited	Director	30/09/2014	18/12/2013	-	Active	NO

Name :

Mr. Deepak Mittal

Designation :

Whole-Time Director

Address :

1/1 A, Teg Bahadur Road, Dehradun - 248001, Uttarakhand, India

Date of Appointment :

01.04.2014

DIN No.:

01616201

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	U26993UR2005PTC030886	DOON CONCRETE GALLERY PRIVATE LIMITED	Director	25/10/2005	25/10/2005	22/01/2014	Active	NO
2	U55101DL2005PTC138992	KANATAL RESORTS AND SPA PRIVATE LIMITED	Director	21/06/2006	21/06/2006	-	Active	NO
3	U45400UR2009PTC032868	RASAYANA INFRA DESIGN PRIVATE LIMITED	Director	24/06/2009	24/06/2009	-	Active	NO
4	U70102UR2013PTC000787	PUSHPANJALI REALMS AND INFRATECH PRIVATE LIMITED	Director	12/07/2013	12/07/2013	-	Active	NO
5	U70102DL1980PTC268775	LAMANE INFRASTRUCTURE PRIVATE LIMITED	Whole-time director	01/04/2014	24/12/2013	-	Active	NO

Name :

Mr. Shiv Kant Arora

Designation :

Additional Director

Address :

Amber Hotel, Upper Road, Hardwar - 249401, Uttarakhand, India

Date of Appointment :

05.12.2013

DIN No.:

01709582

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	U72200DL2007PTC167885	ASR SOFTECH PRIVATE LIMITED	Director	07/09/2007	07/09/2007	-	Active	NO
2	U70102DL1980PTC268775	LAMANE INFRASTRUCTURE PRIVATE LIMITED	Additional director	05/12/2013	05/12/2013	-	Active	NO

Name :

Mr. Priyadarshi Ashok

Designation :

Whole-Time Director

Address :

F-31, Swati Apartment, I.P. Extn, Patperganj, Delhi - 110092, India

Date of Appointment :

01.04.2014

DIN No.:

01907874

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	U01111DL2004PTC125903	LAUREL AGROTECH PRIVATE LIMITED	Director	29/09/2008	01/11/2007	-	Active	NO
2	U51109WB2005PTC101317	BANSHIDHAR SUPPLIERS PRIVATE LIMITED	Additional director	09/12/2011	26/06/2008	-	Active	NO
3	U51909WB1998PTC087240	AAYUSH PULSES PRODUCTS PRIVATE LIMITED	Director	29/09/2012	27/06/2008	-	Active	NO
4	U45400DL2007PTC166468	SHIVALIK INFRACON PRIVATE LIMITED	Director	15/04/2009	15/04/2009	-	Active	NO
5	U01403DL2007PTC171601	GAJLAXMI AGRO (INDIA) PRIVATE LIMITED	Director	20/11/2009	20/11/2009	-	Active	NO
6	U45201DL2003PTC122849	A.P BUILDTECH PRIVATE LIMITED	Director	24/07/2012	24/07/2012	-	Active	NO
7	U36100DL2009PTC189048	GOLDEN MECHANICAL WORKS PRIVATE LIMITED	Director	30/09/2013	08/01/2013	-	Active	NO
8	U70102DL1980PTC268775	LAMANE INFRASTRUCTURE PRIVATE LIMITED	Whole-time director	01/04/2014	12/12/2013	-	Active	NO

Name :

Mrs. Rajni Gupta

Designation :

Additional Director

Address :

H. No. 805, Sector 50, Noida, Ps-Sector 24, Teh- Dadri, District Gautam Buddha Nagar, Noida - 201301, Uttar Pradesh, India

Date of Appointment :

24.12.2013

DIN No.:

06771559

Name :

Mr. Rajpal Walia

Designation :

Additional Director

Address :

48-A, Racecourse Block D.G.A, Dehradun - 248001, Uttarakhand, India

Date of Appointment :

18.03.2014

DIN No.:

06829234

Name :

Mr. Ashok Mehta

Designation :

Additional Director

Address :

F-32, Swati Apartment, Delhi - 110092, India

Date of Appointment :

20.05.2014

DIN No.:

01385569

MAJOR SHAREHOLDERS

As on 30.09.2013

Names of Shareholders	No. of Shares	% of Holding
Narendra Kumar	11680	50.00
Mukesh Kumar Kaushik	11680	50.00
Total	23360	100.00

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2013

Category	Percentage
Others	100.00
Total	100.00

BUSINESS DETAILS

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

PRODUCTION STATUS – NOT APPLICABLE

GENERAL INFORMATION

Suppliers :	Not Divulged
Customers :	Not Divulged
No. of Employees :	24 (Approximately)
Bankers :	Karnataka Bank, Rajpur Road, Dehradun, Uttarakhand , India
Facilities :	--

Auditors :
Name :	Deepender Anil and Associates Chartered Accountants
Address :	101, E 36, Jawahar Park, Laxmi Nagar, Delhi – 110092, India
Tel. No.:	91-11-42487277
Fax No.:	91-11-42487277
E-Mail :	akgguptain@gmail.com
PAN No.:	AAEFD7147D
Memberships :	--
Collaborators :	--
Sister Concern :	Not Divulged

CAPITAL STRUCTURE

As on 30.09.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
25000	Equity Shares	Rs.100/- each	Rs.2.500 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
23360	Equity Shares	Rs.100/- each	Rs.2.336 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	2.336	2.336	2.336
(b) Reserves & Surplus	(2.287)	(2.256)	(2.131)
(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)	0.049	0.080	0.205
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.000
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	0.000	0.000	0.000
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	0.000	0.000	0.000
(c) Other current liabilities	0.908	0.906	0.000
(d) Short-term provisions	0.000	0.000	0.000
Total Current Liabilities (4)	0.908	0.906	0.000
TOTAL	0.957	0.986	0.205
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.204	0.205	0.205
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.000	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000	0.000
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	0.204	0.205	0.205
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	0.000	0.000	0.000
(c) Trade receivables	0.000	0.000	0.000
(d) Cash and cash equivalents	0.753	0.781	0.000
(e) Short-term loans and advances	0.000	0.000	0.000
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	0.753	0.781	0.000
TOTAL	0.957	0.986	0.205

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	0.000	0.000	0.000
		Other Income	0.000	0.000	0.000
		TOTAL	0.000	0.000	0.000
Less	EXPENSES		0.031	0.125	0.000
	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		(0.031)	(0.125)	0.000
Less	DEPRECIATION/ AMORTISATION		0.000	0.000	0.000
	PROFIT/(LOSS) BEFORE TAX		(0.031)	(0.125)	0.000
Less	TAX		0.000	0.000	0.000
	PROFIT/(LOSS) AFTER TAX (G-H)		(0.031)	(0.125)	0.000
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		(2.256)	(2.131)	(2.131)
	BALANCE CARRIED TO THE B/S		(2.287)	(2.256)	(2.131)
	Earnings / (Loss) Per Share (Rs.)		(1.33)	(5.34)	0.00

Expected Sales (2014-2015): Rs.160.000 Millions

The above information has been parted by Mr. Navnit Jain

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
Net Profit Margin (PAT/Sales)	(%)	0.00	0.00	0.00
Operating Profit Margin (PBDIT/Sales)	(%)	0.00	0.00	0.00
Return on Total Assets (PBT/Total Assets}	(%)	(3.24)	(12.68)	0.00
Return on Investment (ROI) (PBT/Networth)		(0.63)	(1.56)	0.00
Debt Equity Ratio (Total Debt /Networth)		0.00	0.00	0.00
Current Ratio (Current Asset/Current Liability)		0.83	0.86	0.00

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	2.336	2.336	2.336
Reserves & Surplus	(2.131)	(2.256)	(2.287)
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	0.205	0.080	0.049
Long Term borrowings	0.000	0.000	0.000
Short Term borrowings	0.000	0.000	0.000
Total borrowings	0.000	0.000	0.000
Debt/Equity ratio	0.000	0.000	0.000

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	-----------
14]	Estimation for coming financial year	Yes
15]	Capital in the business	Yes
16]	Details of sister concerns	No
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	Yes
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	No
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

OPERATIONS

In the current year of operation, the Company has not generated any revenue and incurred the total expense of Rs.31.069 Million and accordingly faced Loss of Rs.31.069 Million. The Directors would like to submit that they are planning to develop suitable strategies Including joining hands with various corporate having same line of business interests as that of the Company etc. and sincerely hoping to table better results in the years to come by developing requisite infrastructure.

INDEX OF CHARGE:

Sr. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	80067700	14/06/1985	1,600,000.00	The Pradeshiya Industrial & Investment Corporation  of Uttar Pradesh Limited	Jawahar Bhawan, Ashok Marg, Lucknow, Uttar Pradesh - 226010, India	-

*Date of modification Charges

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

6] Records on Int’l Anti-Money Laundering Laws/Standards :

Charges or investigation registered against subject: None

7] Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

8] Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

9] Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

CONTRAVENTION

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.61
UK Pound	1	Rs.93.49
Euro	1	Rs.77.38

INFORMATION DETAILS

Information Gathered by :	GYT
Analysis Done by :	SUB
Report Prepared by :	VNT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
PAID-UP CAPITAL	1~10	2
OPERATING SCALE	1~10	1
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	1
--PROFITABILITY	1~10	1
--LIQUIDITY	1~10	1
--LEVERAGE	1~10	1
--RESERVES	1~10	1
--CREDIT LINES	1~10	1
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		11

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.