MIRA INFORM REPORT

Report No. :	330190
Report Date :	07.07.2015

IDENTIFICATION DETAILS

Name :	SHAPOORJI PALLONJI INFRASTRUCTURE CAPITAL COMPANY PRIVATE LIMITED (W.E.F. 26.11.2014)
Formerly Known As :	SHAPOORJI PALLONJI INFRASTRUCTURE CAPITAL COMPANY LIMITED
Registered Office :	70, Nagindas Master Road, Fort Mumbai – 400023, Maharashtra
Tel. No.:	91-22-67490466
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	09.06.1997
Com. Reg. No.:	11-108596
Capital Investment / Paid-up Capital :	Rs.369.639 Million
CIN No.: [Company Identification No.]	U65990MH1997PTC108596
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AABCS4370B
Legal Form :	Private Limited Liability Company
Line of Business :	The company is setting up various infrastructure projects under various sectors like roads, power mines and port.
No. of Employees :	Information declined by the management.

RATING & COMMENTS

MIRA’s Rating :

A (58)

RATING		STATUS	PROPOSED CREDIT LINE
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large

Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Shapoorji Pallonji Infrastructure Capital Company Limited (SPICCL), a 100% subsidiary of Shapoorji Pallonji and Company Limited (SPCL), is the infrastructure holding company of the “SP Group”. It is a well-established and a reputed company having a fine track record. The rating take in account of SPICCL consistent track record of achieving better than industry volume growth, strong operating efficiencies, healthy financials performance. The rating strength from experienced promoters, strong diversified businesses, support from Groups company’s and comfortable solvency and liquidity profile of the company. The rating are, however constrained by the risk associated with ongoing projects of the company and exposure to volatility in input costs. However, trade relations are reported as decent. Business is active. Payment terms are regular and as per commitment. The company can be considered normal 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 – March 31, 2015

Country Name	Previous Rating (31.12.2014)	Current Rating (31.03.2015)
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 31-03-2013.

INFORMATION DENIED

Management non co-operative (91-22-67490466)

LOCATIONS

Registered Office :	70, Nagindas Master Road, Fort Mumbai – 400023, Maharashtra, India
Tel. No.:	91-22-67490466
Fax No.:	Not Available
E-Mail :	yashesh.bhatt@shapoorji.com secretarial.infra@shapoorji.com
Website :	www.shapporji.in

DIRECTORS

As on 26.09.2014

Name :

Mr. Shapoor Pallonji Mistry

Designation :

Director

Address :

Flat No 66, 39 Hill Street, London, W1J5LY, United Kingdom

Date of Birth/Age :

06.09.1964

Qualification :

BE

Date of Appointment :

06.11.1997

DIN No.:

00010114

Other Directorship:

S. No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U28100MH1920PLC000807	UNITED MOTORS (INDIA) LIMITED	Director	16/03/1983	16/03/1983	10/11/2011	Active	NO
2	U01211MH1939PTC003017	THE MANJRI STUD FARM PRIVATE LIMITED	Director	21/07/1986	21/07/1986	11/03/2009	Active	NO
3	U45200MH1943PTC003812	SHAPOORJI PALLONJI AND COMPANY Private Limited	Director	21/03/2014	22/04/1987	-	Active	NO
4	U65920MH1994PLC077480	SHAPOORJI PALLONJI FINANCE LIMITED	Director	04/04/1994	04/04/1994	-	Active	NO
5	U31100MH1995PLC084278	SHAPOORJI PALLONJI POWER COMPANY LIMITED	Director	16/01/1995	16/01/1995	-	Active	NO
6	U65920MH1923PTC001053	CYRUS INVESTMENTS Private Limited	Director	17/11/1995	17/11/1995	-	Active	NO
7	U70100MH1943PTC003997	STERLING INVESTMENT CORPORATION PRIVATE LIMITED	Director	17/11/1995	17/11/1995	-	Active	NO
8	U45200MH1951PTC008529	PALLONJI SHAPOORJI AND COMPANY PRIVATE LIMITED	Director	17/11/1995	17/11/1995	-	Active	NO
9	U99999MH1942PTC019618	SHAPOORJI PALLONJI AND COMPANY (RAJKOT) PRIVATE LIMITED	Director	20/11/1995	20/11/1995	-	Amalgamated	NO
10	U65990MH1997PTC108596	SHAPOORJI PALLONJI INFRASTRUCTURE CAPITAL COMPANY Private Limited	Director	06/11/1997	06/11/1997	-	Active	NO
11	U40109TN1995PTC033944	SAMALPATTI POWER COMPANY PRIVATE LIMITED	Director	04/12/1999	04/12/1999	-	Active	NO
12	L17110MH1919PLC000628	FORBES & COMPANY LIMITED	Director	03/09/2001	03/09/2001	-	Active	NO
13	U27109WB1931PLC007010	EUREKA FORBES LTD	Director	15/03/2002	15/03/2002	-	Active	NO
14	U70200MH2003PLC139672	NUEVO CONSULTANCY SERVICES LIMITED	Director	28/03/2003	28/03/2003	20/06/2011	Active	NO
15	L74999MH1902PLC000183	THE INDIAN HOTELS COMPANY LIMITED	Director	17/04/2003	17/04/2003	-	Active	NO
16	U24232PN2003PTC017981	SOVEREIGN PHARMA PRIVATE LIMITED	Director	28/05/2003	28/05/2003	-	Active	NO
17	U11200MH2005PTC154716	S P OIL EXPLORATION PRIVATE LIMITED	Director	12/07/2005	12/07/2005	-	Active	NO
18	U55100MH1977PLC019660	FORVOL INTERNATIONAL SERVICES LIMITED	Director	19/08/2006	19/08/2006	-	Active	NO
19	L17116KA2006PLC038839	GOKAK TEXTILES LIMITED	Director	13/08/2007	29/11/2006	31/03/2015	Active	NO
20	U45200MH1976PLC019335	AFCONS INFRASTRUCTURE LIMITED	Director	23/03/2012	20/12/2006	-	Active	NO
21	U35100MH2006PLC159958	FORBES BUMI ARMADA LIMITED	Director	28/09/2007	28/09/2007	18/12/2008	Active	NO
22	U74120MH2010PTC205291	KAISHA LIFESCIENCES PRIVATE LIMITED	Director	06/07/2010	06/07/2010	-	Active	NO
23	U40103KA2012PLC062107	GOKAK POWER & ENERGY LIMITED	Director	17/01/2012	17/01/2012	24/06/2014	Active	NO
24	U11100MH2012PTC234446	Shapoorji Pallonji Oil and Gas Private Limited	Additional director	01/06/2015	01/06/2015	-	Active	NO

Name :

Mr. Mukundan Srinivasan

Designation :

Managing Director

Address :

B-1404, A and B, Florentine, Co-Operative Housing Society, Hiranandnani Gardens, Powai, Mumbai – 400076, Maharashtra, India

Date of Birth/Age :

29.10.1956

Qualification :

BE, MFM

Date of Appointment :

12.06.2009

DIN No.:

00276429

PAN No.:

ABWPS5118A

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	U40109TN1995PTC033944	SAMALPATTI POWER COMPANY PRIVATE LIMITED	Director	01/07/1997	01/07/1997	-	Active	NO
2	U25192MH1993PTC072591	S P FABRICATORS PRIVATE LIMITED	Director	22/07/1997	22/07/1997	15/04/2011	Active	NO
3	U01119TG2001PTC037768	Alexandria Knowledge Park Private Limited	Director	07/09/2001	07/09/2001	14/06/2010	Active	NO
4	U31100MH1995PLC084278	SHAPOORJI PALLONJI POWER COMPANY LIMITED	Director	12/10/2001	12/10/2001	12/09/2011	Active	NO
5	U67120MH1996PTC101707	SP Bio Sciences Private Limited	Director	22/12/2006	22/12/2006	-	Active	NO
6	U85110TG2004PTC043672	SANDOR LIFE SCIENCES PRIVATE LIMITED	Director	27/09/2007	22/02/2007	-	Active	NO
7	U65990MH1997PTC108596	SHAPOORJI PALLONJI INFRASTRUCTURE CAPITAL COMPANY Private Limited	Director	28/03/2007	28/03/2007	-	Active	NO
8	U01403MH2007PTC175890	SP Agri Management Services Private Limited	Director	30/09/2008	06/12/2007	30/09/2011	Active	NO
9	U01112GJ2008PTC054062	SP BIOFUEL VENTURES PRIVATE LIMITED	Director	28/05/2008	28/05/2008	30/09/2011	Active	NO
10	U40100GJ2008PTC054060	SHAPOORJI PALLONJI ENERGY (GUJARAT) PRIVATE LIMITED	Director	28/05/2008	28/05/2008	01/09/2009	Active	NO
11	U74999UP2008PLC035469	BHARAT RENEWABLE ENERGY LIMITED	Director	17/06/2008	17/06/2008	12/06/2012	Active	NO
12	U40100GJ2008PTC054923	SIMAR ENERGY (GUJARAT) PRIVATE LIMITED	Director	01/09/2008	01/09/2008	01/09/2009	Amalgamated	NO
13	U45200TG2006PTC049847	TRICHY TOLLWAY PRIVATE LIMITED	Nominee director	19/06/2009	04/05/2009	29/09/2009	Active	NO
14	U45203MH2010PTC202625	Shapoorji Pallonji Roads Private Limited	Director	29/09/2011	02/12/2010	30/09/2011	Active	NO

Name :

Mr. Mohan Salamatrai Hingorani

Designation :

Director

Address :

601, Ram Laxmi Niwas, 16^th Road, Plot 527A, Khar (West), Mumbai – 400025, Maharashtra, India

Date of Birth/Age :

19.06.1937

Qualification :

BE

Date of Appointment :

21.02.2015

DIN No.:

00021284

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	L61000MH1978PLC020435	ITD CEMENTATION INDIA LIMITED	Director	07/03/2007	10/06/1996	12/06/2009	Active	NO
2	U45205MH2007PLC171896	ITD CEMENTATION PROJECTS INDIA LIMITED	Director	20/02/2008	21/06/2007	28/05/2009	Active	NO
3	U65990MH1997PTC108596	SHAPOORJI PALLONJI INFRASTRUCTURE CAPITAL COMPANY Private Limited	Managing director	21/02/2015	12/06/2009	-	Active	NO
4	U35110GJ2008PTC054507	SIMAR PORT Private Limited	Director	29/09/2009	30/07/2009	-	Active	NO
5	U40100GJ2008PTC054923	SIMAR ENERGY (GUJARAT) PRIVATE LIMITED	Director	29/09/2009	01/09/2009	-	Amalgamated	NO
6	U40100GJ2008PTC054060	SHAPOORJI PALLONJI ENERGY (GUJARAT) PRIVATE LIMITED	Director	29/09/2009	01/09/2009	-	Active	NO
7	U45200TG2006PTC049847	TRICHY TOLLWAY PRIVATE LIMITED	Director	21/07/2011	29/09/2009	-	Active	NO
8	U45203MH2010PTC202625	Shapoorji Pallonji Roads Private Limited	Director	30/04/2010	30/04/2010	21/03/2012	Active	NO
9	U40106MH2010PTC202600	SHAPOORJI PALLONJI SOLAR THERMAL PRIVATE LIMITED	Director	30/04/2010	30/04/2010	-	Amalgamated	NO
10	U40103TN2010PTC088516	Shapoorji Pallonji Power Projects Private Limited	Director	05/05/2010	05/05/2010	-	Amalgamated	NO
11	U40300MH2010PTC202812	SHAPOORJI PALLONJI SOLAR PV PRIVATE LIMITED	Director	06/05/2010	06/05/2010	-	Active	NO
12	U45400GJ2010PTC069101	SP PORTS PRIVATE LIMITED	Director	11/06/2010	11/06/2010	-	Active	NO
13	U45400DL2010PLC204746	SP JAMMU UDHAMPUR HIGHWAY Limited	Director	25/06/2010	25/06/2010	-	Active	NO
14	U40109TN1995PTC033944	SAMALPATTI POWER COMPANY PRIVATE LIMITED	Director	08/12/2010	08/12/2010	-	Active	NO
15	U40102MH1999PTC218729	SHAPOORJI PALLONJI SAMALPATTI OPERATOR SERVICES PRIVATE LIMITED	Additional director	26/04/2011	26/04/2011	-	Amalgamated	NO
16	U40103KA2012PLC062107	GOKAK POWER & ENERGY LIMITED	Director	17/01/2012	17/01/2012	-	Active	NO
17	U40101GJ2013PTC077228	HPCL SHAPOORJI ENERGY Private Limited	Director	15/10/2013	15/10/2013	-	Active	NO

Name :

Mr. Mohan Dass Saini

Designation :

Additional Director

Address :

502, Crescent Height, Off Forjet, St, Opposite Bhatia Hospital, Tardeo, Mumbai – 400034, Maharashtra, India

Date of Birth/Age :

04.08.1954

Date of Appointment :

27.09.2012

DIN No.:

05260237

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	U65990MH1997PTC108596	SHAPOORJI PALLONJI INFRASTRUCTURE CAPITAL COMPANY Private Limited	Director	27/09/2012	20/06/2012	-	Active	NO
2	U45200MH1943PTC003812	SHAPOORJI PALLONJI AND COMPANY Private Limited	Director	30/09/2014	28/04/2014	-	Active	NO

Name :

Mr. Jai Laxmikant Mavani

Designation :

Additional Director

Address :

1702, Bldg 5, Raheja Classique, New Link Road, Andheri (West), Mumbai - 400053, Maharashtra, India

Date of Birth/Age :

04.09.1971

Date of Appointment :

27.09.2012

DIN No.:

05260191

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	U27109WB1931PLC007010	EUREKA FORBES LTD	Director	10/07/2012	14/05/2012	-	Active	NO
2	L17110MH1919PLC000628	FORBES & COMPANY LIMITED	Director	21/08/2012	22/05/2012	-	Active	NO
3	U65990MH1997PTC108596	SHAPOORJI PALLONJI INFRASTRUCTURE CAPITAL COMPANY Private Limited	Director	27/09/2012	20/06/2012	-	Active	NO
4	U45200MH1943PTC003812	SHAPOORJI PALLONJI AND COMPANY Private Limited	Whole-time director	29/09/2012	12/07/2012	-	Active	NO
5	U45209DL2012PTC241323	GOSWAMI INFRATECH PRIVATE LIMITED	Director	30/09/2013	27/10/2012	-	Active	NO
6	U45400GJ2010PTC069101	SP PORTS PRIVATE LIMITED	Director	27/09/2013	01/07/2013	-	Active	NO
7	U40101GJ2013PTC077228	HPCL SHAPOORJI ENERGY Private Limited	Director	15/10/2013	15/10/2013	-	Active	NO
8	U73100MH2005PTC153327	KASIAK RESEARCH PRIVATE LIMITED CN	Director	29/09/2014	18/11/2013	-	Active	NO
9	U70102MH2014PTC260529	SP Engineering Establishment for Defence Private Limited	Director	31/12/2014	31/12/2014	-	Active	NO
10	U63090MH1999PTC121461	PNP MARITIME SERVICES PRIVATE LIMITED	Nominee director	29/04/2015	29/04/2015	-	Active	NO
11	U11100MH2012PTC234446	Shapoorji Pallonji Oil and Gas Private Limited	Additional director	01/06/2015	01/06/2015	-	Active	NO

Name :

Mr. Rajesh Premchand Agarwal

Designation :

Additional Director

Address :

2402, Lodha Grandeur Building, Opposite Parel Station Depot, Mumbai – 400025, Maharashtra, India

Date of Birth/Age :

07.12.1969

Date of Appointment :

27.09.2012

DIN No.:

01176688

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	U70102MH2006PTC234266	Crius Properties Private Limited	Director	19/01/2007	19/01/2007	31/03/2010	Amalgamated	NO
2	U70102MH2007PTC167267	AIG GLOBAL REAL ESTATE INDIA ADVISORS PRIVATE LIMITED	Director	30/09/2008	25/05/2007	10/02/2010	Under liquidation	NO
3	U09219WB2005PTC195323	MILLENNIA INFRASTRUCTURE PRIVATE LIMITED	Director	28/05/2007	28/05/2007	31/03/2010	Active	NO
4	U55209KA2007PTC043267	RMZ GALLERIA (INDIA) PRIVATE LIMITED	Additional director	10/08/2007	10/08/2007	31/03/2010	Active	NO
5	U70102KA2006PTC040808	Esplanade Developers Private Limited	Additional director	24/10/2007	24/10/2007	31/03/2010	Active	NO
6	U72200KA2006PTC039056	VELANKANI TECHNOLOGY PARKS PRIVATE LIMITED	Nominee director	26/09/2008	26/09/2008	19/02/2010	Active	NO
7	U70102MH2007PTC235474	Zorental Realtors (India) Private Limited	Director	04/09/2009	27/02/2009	31/03/2010	Under liquidation	NO
8	U45208MH2005PTC234267	Kwenar Infrastructure Private Limited	Director	04/09/2009	12/03/2009	31/03/2010	Amalgamated	NO
9	U45201MH2007PTC234281	Quarnol Technopark (India) Private Limited	Director	04/09/2009	12/03/2009	31/03/2010	Amalgamated	NO
10	U65990MH1997PTC108596	SHAPOORJI PALLONJI INFRASTRUCTURE CAPITAL COMPANY Private Limited	Director	27/09/2012	20/06/2012	-	Active	NO
11	U73100MH2005PTC153327	KASIAK RESEARCH PRIVATE LIMITED CN	Director	29/09/2014	18/11/2013	-	Active	NO
12	U70101MH1998FTC114830	FAERY ESTATES PRIVATE LIMITED	Additional director	19/06/2015	19/06/2015	-	Active	NO

Name :

Mr. Umesh Narain Khanna

Designation :

Additional Director

Address :

84, B Sea Lord C.H.S. Limited, G D Somani Road, Cuffe Parade, Mumbai - 400005, Maharashtra, India

Date of Birth/Age :

08.07.1957

Date of Appointment :

27.09.2012

DIN No.:

03634361

Other Directorship:

S. No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U40106DL2008PLC179793	BF-NTPC Energy Systems Limited	Director	19/09/2011	19/09/2011	31/01/2012	Active	NO
2	U65990MH1997PTC108596	SHAPOORJI PALLONJI INFRASTRUCTURE CAPITAL COMPANY Private Limited	Director	27/09/2012	20/06/2012	-	Active	NO
3	U74999UP2008PLC035469	BHARAT RENEWABLE ENERGY LIMITED	Director	27/08/2013	26/07/2012	-	Active	NO
4	U45200MH1976PLC019335	AFCONS INFRASTRUCTURE LIMITED	Director	30/09/2014	22/08/2012	-	Active	NO
5	U61100MH2006PLC163149	Shapoorji Pallonji Forbes Shipping Limited	Director	27/08/2014	09/07/2014	-	Active	NO
6	U45201MH1984PTC034108	SHAPOORJI PALLONJI PROJECTS PRIVATE LIMITED	Director	30/09/2014	15/07/2014	-	Active	NO
7	U11100MH2012PTC234446	Shapoorji Pallonji Oil and Gas Private Limited	Additional director	01/06/2015	01/06/2015	-	Active	NO

Name :

Mr. Kuppuswamy Subramania Iyer

Designation :

Director

Address :

52, Praneet 234, J. Palkar Road, Worli, Mumbai – 400025, Maharashtra, India

Date of Birth/Age :

17.09.1950

Qualification :

MBA

Date of Appointment :

28.03.2007

DIN No.:

00058836

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	U01119TG2001PTC037768	Alexandria Knowledge Park Private Limited	Director	07/09/2001	07/09/2001	14/06/2010	Active	NO
2	U45200TG2006PTC049847	TRICHY TOLLWAY PRIVATE LIMITED	Director	13/04/2006	13/04/2006	21/06/2013	Active	NO
3	U25192MH1993PTC072591	S P FABRICATORS PRIVATE LIMITED	Director	24/04/2006	24/04/2006	-	Active	NO
4	U65990MH1997PTC108596	SHAPOORJI PALLONJI INFRASTRUCTURE CAPITAL COMPANY Private Limited	Director	28/03/2007	28/03/2007	-	Active	NO
5	U10100MH2008PTC184554	Universal Mine Developers and Service Providers Private Limited	Director	11/07/2008	11/07/2008	-	Active	NO
6	U45209GJ2008PTC054828	SHAPOORJI PALLONJI AND OEG SERVICES PRIVATE LIMITED	Director	21/08/2008	21/08/2008	08/11/2013	Active	NO
7	U10102DL1999PTC101776	MINES MANAGEMENT (INDIA) PRIVATE LIMITED	Director	30/09/2009	18/05/2009	-	Active	NO
8	U65920MH1994PLC077480	SHAPOORJI PALLONJI FINANCE LIMITED	Director	16/09/2009	29/06/2009	-	Active	NO
9	U29290MH1991PLC062425	FORBES TECHNOSYS LIMITED	Director	22/09/2010	04/09/2009	-	Active	NO
10	U45201MH1984PTC034108	SHAPOORJI PALLONJI PROJECTS PRIVATE LIMITED	Director	30/09/2014	15/07/2014	-	Active	NO
11	U70100MH2014PTC258322	BELVA FARMS PRIVATE LIMITED	Director	25/09/2014	25/09/2014	-	Active	NO

KEY EXECUTIVES

Name :	Amit kumar Prabhakar Mundhe
Designation :	Company Secretary
Address :	802, A/B Wing, Emerald Tower, Wadhwa Meadows, Near Icon Plaza Hall, Kalyan (West), Thane - 421301, Maharashtra, India
Date of Birth/Age :	15.09.1979
Date of Appointment :	25.03.2014
PAN No.:	ALPPM5465M

MAJOR SHAREHOLDERS

As on 26.09.2014

Names of Shareholders (Equity Shares)	No. of Shares
Shapoorji Pallonji and Company Limited, India	369639340
Mukundan Srinvasan Jointly with Shapoorji Pallonji and Company Limited, India	10
Mahesh Tahilyani jointly with Shapoorji Pallonji and Company Limited, India	10
F.K. Bhathena jointly with Shapoorji Pallonji and Company Limited, India	10
J. J. Parakh jointly with Shapoorji Pallonji and Company Limited	10
R M Nentin jointly with Shapoorji Pallonji and Company Limited	10
Adil Khambata jointly with Shapoorji Pallonji and Company Limited	10
Total	369639400

As on 26.09.2014

Names of Shareholders (Preference Shares)	No. of Shares
Shapoorji Pallonji and Company Limited Goswami Infratech Private Limited (GS Enterprises)	70000000
Total	70000000

As on 26.09.2014

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Bodies corporate	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

The company is setting up various infrastructure projects under various sectors like roads, power mines and port.

Products :

Product Description	Item Code No. (ITC Code)
Repairs and Maintainance of Commercial and Industrial Machineries	99871560

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Selling :

Not Divulged

Purchasing :

Not Divulged

PRODUCTION STATUS = NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

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

Customers :

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

No. of Employees :

Information declined by the management.

Bankers :

Banker Name	The Jammu and Kashmir Bank Limited
Branch Address	Corporate Headquarters - Maulana Azad Road, Kashmir Branch - 79, Mehta House, MS Marg, Fort, Mumbai – 400001, 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)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

Facilities :

(Rs. In Million)

SECURED LOAN	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWING
Term Loans from Banks	625.000	1250.000
Total	625.000	1250.000

Auditors :
Name :	Kalyaniwalla and Mistry Chartered Accountants
Address :	Maneekji Wadia Building 127, Mahatma Gandhi Road, Mumbai – 400023, Maharashtra, India
PAN No.:	AAAFK7554R
Memberships :	Not Available
Collaborators :	Not Available
Holding Company :	Shapoorji Pallonji and Company Private Limited (formerly Shapoorji Pallonji and Company Limited)
Subsidiary Companies:	Renaissance Commerce Private Limited, (formerly known as Afcons BOT Constructions Private Limited) Nursery and Agri Development Private Limited Shapoorji Pallonji Cement (Gujarat) Private Limited Shapoorji Pallonji Infrastructure (Gujarat) Private Limited Shapoorji Pallonji Roads Private Limited SP Ports Private Limited Samalpatti Power Company Private Limited Shapoorji Pallonji OEG Services Private Limited (Formerly Known as Shapoorji Pallonji Industrial Park Private Limited) Praddin Energy Private Limited (w.e.f December 26, 2013)
Sub-subsidiaries :	Shapoorji Pallonji Energy (Gujarat) Private Limited Simar Port Limited SP Jammu Udhampur Highway Private Limited GRL Mozambique S A TN Solar Power Energy Private Limited (w.e.f. October 14, 2013)
Fellow Subsidiaries :	Forvol International Service Limited Forbes Facility Services Private Limited
Associate :	Gokak Power and Energy Limited

CAPITAL STRUCTURE

As on 26.09.2014

Authorised Capital: Rs.12002.700 Million

Issued, Subscribed & Paid-up Capital: Rs.5341.688 Million

As on 31.03.2014

Authorised Capital:

No. of Shares	Type	Value	Amount
699880000	Equity Shares	Rs.10/- each	Rs.6998.800 Million
500000000	Preference Shares	Rs.10/- each	Rs.5000.000 Million
390000	Unclassified Shares		Rs.3.900 Million
	Total		Rs.12002.700 Million

Issued, Subscribed & Paid-up Capital:

No. of Shares	Type	Value	Amount
369639400	Equity Shares	Rs.10/- each	Rs.3696.394 Million
70000000	Preference Shares	Rs.10/- each	Rs.700.000 Million
	Total		Rs.4396.394 Million

FINANCIAL DATA

[all figures are in Rupees Million]

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	3696.394	3661.100	3661.100
(b) Reserves & Surplus	1187.725	1136.720	1128.174
(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)	4884.119	4797.82	4789.274
(3) Non-Current Liabilities
(a) long-term borrowings	625.000	1250.000	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	2.921	3.318	3.214
Total Non-current Liabilities (3)	627.921	1253.318	3.214
(4) Current Liabilities
(a) Short term borrowings	0.000	900.000	0.000
(b) Trade payables	6.562	35.870	7.593
(c) Other current liabilities	678.671	66.844	503.059
(d) Short-term provisions	47.650	21.542	0.025
Total Current Liabilities (4)	732.883	1024.256	510.677
TOTAL	6244.923	7075.394	5303.165
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	12.303	4.162	5.194
(ii) Intangible Assets	0.070	0.118	0.197
(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	4055.757	4280.242	4491.327
(c) Deferred tax assets (net)	1.373	5.632	25.000
(d) Long-term Loan and Advances	1012.667	1035.465	29.122
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	5082.170	5325.619	4550.840
(2) Current assets
(a) Current investments	0.000	449.567	0.000
(b) Inventories	107.429	115.007	96.190
(c) Trade receivables	72.536	7.376	224.754
(d) Cash and cash equivalents	322.083	65.351	297.753
(e) Short-term loans and advances	568.500	1028.894	86.191
(f) Other current assets	92.205	83.580	47.437
Total Current Assets	1162.753	1749.775	752.325
TOTAL	6244.923	7075.394	5303.165

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income	308.128	348.206	333.646
	Other Income	413.085	78.400	46.537
	TOTAL	721.213	426.606	380.183
Less	EXPENSES
	Employee benefit expense	69.514	82.453	51.245
	Other expenses	362.916	215.927	147.624
	Extraordinary items	11.674	0.000	0.000
	TOTAL	444.104	298.380	198.869
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	277.109	128.226	181.314
Less	FINANCIAL EXPENSES	173.585	85.193	70.359
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	103.524	43.033	110.955
Less/ Add	DEPRECIATION/ AMORTISATION	3.347	1.65	1.885
	PROFIT/ (LOSS) BEFORE TAX	100.177	41.383	109.070
Less	TAX	8.486	11.421	22.509
	PROFIT/ (LOSS) AFTER TAX	91.691	29.962	86.561
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD	NA	(29.734)	(116.295)
	Balance Carried to the B/S	NA	NA	(29.734)
	IMPORTS
	Service materials and components	66.891	23.342	11.518
	TOTAL IMPORTS	66.891	23.342	11.518
	Earnings / (Loss) Per Share (Rs.)	0.24	0.08	0.23

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	625.000	0.000	480.000
Cash generated from operations	NA	NA	NA
Net cash flows from (used in ) operations	(67.298)	(377.335)	(51.828)

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT/Sales)	(%)	29.76	8.60	25.94
Operating Profit Margin (PBDIT / Sales)	(%)	89.93	36.82	54.34
Return on Total Assets (PBT/Total Assets}	(%)	4.58	1.48	13.86
Return on Investment (ROI) (PBT/Networth)		0.02	0.01	0.02
Debt Equity Ratio (Total Debt/Networth)		0.13	0.45	0.00
Current Ratio (Current Asset/Current Liability)		1.59	1.71	1.47

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	3661.100	3661.100	3696.394
Reserves & Surplus	1128.174	1136.720	1187.725
Net worth	4789.274	4797.820	4884.119
long-term borrowings	0.000	1250.000	625.000
Short term borrowings	0.000	900.000	0.000
Total borrowings	0.000	2150.000	625.000
Debt/Equity ratio	0.000	0.448	0.128

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	333.646	348.206	308.128
		4.364	(11.510)

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	333.646	348.206	308.128
Profit	86.561	29.962	91.691
	25.94%	8.60%	29.76%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check list by info agents	Available in Report (Yes/No)
1	Year of establishment	Yes
2	Constitution of the entity -Incorporation details	Yes
3	Locality of the entity	Yes
4	Premises details	No
5	Buyer visit details	----------------------
6	Contact numbers	Yes
7	Name of the person contacted	No
8	Designation of contact person	No
9	Promoter’s background	Yes
10	Date of Birth of Proprietor / Partners / Directors	Yes
11	Pan Card No. of Proprietor / Partners	Yes
12	Voter Id Card No. of Proprietor / Partners	No
13	Type of business	Yes
14	Line of Business	Yes
15	Export/import details (if applicable)	No
16	No. of employees	No
17	Details of sister concerns	Yes
18	Major suppliers	No
19	Major customers	No
20	Banking Details	Yes
21	Banking facility details	Yes
22	Conduct of the banking account	----------------------
23	Financials, if provided	Yes
24	Capital in the business	Yes
25	Last accounts filed at ROC, if applicable	Yes
26	Turnover of firm for last three years	Yes
27	Reasons for variation <> 20%	----------------------
28	Estimation for coming financial year	No
29	Profitability for last three years	Yes
30	Major shareholders, if available	Yes
31	External Agency Rating, if available	No
32	Litigations that the firm/promoter involved in	----------------------
33	Market information	----------------------
34	Payments terms	No
35	Negative Reporting by Auditors in the Annual Report	No

UNSECURED LOAN

(Rs. In Million)

Particulars	As on 31.03.2014	As on 31.03.2013
SHORT TERM BORROWING
Commercial Paper	0.000	900.000
Total	0.000	900.000

INDEX OF CHARGES

S. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10423517	19/03/2013	1,250,000,000.00	The Jammu and Kashmir Bank Limited	Corporate Headquarters- Maulana Azad Road, Kashmir, Branch - 79, Mehta House, MS Marg, Fort, Mumbai - 400001, Maharashtra, INDIA	B74341827

* Date of charge modification

FIXED ASSETS

• Land
• Plant and equipment
• Furniture and fixtures
• Vehicles
• Office equipment
• Computer Equipments

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.63.57
UK Pound	1	Rs.99.10
Euro	1	Rs.70.29

INFORMATION DETAILS

Information Gathered by :	GAY
Analysis Done by :	KYP
Report Prepared by :	PNM

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	7
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	7
--PROFITABILITY	1~10	7
--LIQUIDITY	1~10	7
--LEVERAGE	1~10	6
--RESERVES	1~10	6
--CREDIT LINES	1~10	6
--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		58

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.