MIRA INFORM REPORT

Report No. :	331687
Report Date :	13.07.2015

IDENTIFICATION DETAILS

Name :	PERFECT HOUSE PRIVATE LIMITED (w.e.f. 23.02.2009)
Formerly Known As :	PERFECT HOUSE LIMITED
Registered Office :	6, Commerce House, 140, Nagindas Master Road, Fort, Mumbai - 400001, Maharashtra
Tel. No.:	91-22-30251900
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	18.01.1988
Com. Reg. No.:	11-045910
Capital Investment / Paid-up Capital :	Rs. 1.955 Million
CIN No.: [Company Identification No.]	U45200MH1988PTC045910
IEC No.:	0301029903
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AABCP9708L
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	The company is engaged in the business of manufacturing of diesel generator, Trading of goods, Financial and service sector.
No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

Ba (49)

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

Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Exist
Comments :	Subject is an established company having satisfactory track. The rating reflects company’s sound financial risk profile marked by adequate liquidity position and fair profitability levels of the company. Trade relations are fair. Business is active. Payment terms are reported to be usually correct. In the view of long track record of operations, 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.

EXTERNAL AGENCY RATING

Rating Agency Name	Not Available
Rating	Not Available
Rating Explanation	Not Available
Date	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) DEFAILTERS’ 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 BY

Name :	Mr. Rakesh Thakur
Designation :	Accountant
Contact No.:	91-22-30251900
Date :	11.07.2015

LOCATIONS

Registered Office :	6, Commerce House, 140, Nagindas Master Road, Fort, Mumbai - 400001, Maharashtra, India
Tel. No.:	91-22-30251900
Fax No.:	91-22-22676888 / 66332238
E-Mail :	perfecthouseltd@perfecthouseltd.com vishal@perfectgenset.com sales@perfecthouseltd.com neil@perfecthouseltd.com perfecthouse@rediffmail.com
Website :	http://www.perfecthouseltd.com http://www.perfecthouseltd.in
Factory Office :	Plot No. M-7, Additional M.I.D.C, Satara – 415004, Maharashtra, India
Marketing Office :	1001, Prabhat Centre Annex, Plot No. 7, Sector 1 A, CBD, Belapur, Navi Mumbai – 400614, Maharashtra, India
Tel. No.:	91-22-22677357 / 22656843 / 22674245 / 66332237
Fax No.:	91-22-22676888 / 66332238

DIRECTORS

AS ON 30.09.2014

Name :	Shirish Chhotalal Ghelani
Designation :	Director
Address :	GR/B, Shree Vijaya Bhuvan 2, Altamout Road, Mumbai – 400026, Maharashtra, India
Date of Birth/Age :	27.11.1949
Date of Appointment :	16.06.2000
DIN No.:	01167570
Name :	Dipak Chhotalal Ghelani
Designation :	Director
Address :	Shree Vijaya Bhuvan, 2 Altamount Road, Mumbai – 400026, Maharashtra, India
Date of Birth/Age :	27.06.1951
Date of Appointment :	16.06.2000
DIN No.:	01167655
Name :	Vipul Chhotalal Ghelani
Designation :	Director
Address :	GR/B, Shree Vijaya Bhuvan 2, Altamout Road, Mumbai – 400026, Maharashtra, India
Date of Birth/Age :	30.09.1958
Date of Appointment :	16.06.2000
DIN No.:	01509957
Name :	Sanjay Chhotalal Ghelani
Designation :	Director
Address :	2-B/G Road, Shree Vijaya Bhavan, 2, Altamount Road, Mumbai – 400026, Maharashtra, India
Date of Birth/Age :	18.04.1955
Date of Appointment :	16.06.2000
DIN No.:	01736645

KEY EXECUTIVES

Name :	Mr. Rakesh Thakur
Designation :	Accountant

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2014

Names of Shareholders	No. of Shares	% Of Holdings
Sharda Chhotalal Ghelani	14400	7.37
Smita Sanjay Ghelani	18400	9.41
Seema Shirish Ghelani	16900	8.64
Sunit Dipak Ghelani	4400	2.25
Jagruti Vipul Ghelani	16900	8.64
Anita Dipak Ghelani	16900	8.64
Shirish C. Ghelani	14400	7.37
Vipul C. Ghelani	19400	9.92
Dipak C. Ghelani	14400	7.37
Sanjay C. Ghelani	14400	7.37
Al Khayal Al Dhahabi Jewellary, Dubai	45000	23.02
Total	195500	100.00

Equity Share Break up (Percentage of Total Equity)

AS ON 30.09.2014

Category	Percentage
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	23.02
Directors or relatives of Directors	76.98
Total	100.00

BUSINESS DETAILS

Line of Business :	The company is engaged in the business of manufacturing of diesel generator, Trading of goods, Financial and service sector.
Products :	Not Divulged
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Divulged
Imports :	Not Divulged
Terms :	Not Divulged

GENERAL INFORMATION

Suppliers :

Not Divulged

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 :

• Reliance Telecom Infrastructure Limited
• Vodafone
• Tata Indicom
• ONGC
• HPCL
• India Post
• Raheja Group of Company
• Kanakia Sapces
• Hiranandani
• Shapoorji Pallonji
• Reliance Energy
• Larson and Tourbo
• Jet Airways

No. of Employees :

Information declined by the management

Bankers :

Banker Name	Not Divulged
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

Facilities :

(Rs. In Million)

SECURED LOAN	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWING
Secured loan – HDFC Bank Limited	0.000	0.110
From others – Kotak Mahindra Bank Limited	0.880	1.961
SHORT TERM BORROWING
Loans repayable on demand	6.360	0.000
Total	7.240	2.071

Auditors :
Name :	N I Mehta and Company Chartered Accountant
Address :	511, Dalamal Chambers, Behind Aayakar Bhavan, 29, New Marine Lines, Mumbai – 400020, Maharashtra, India
PAN No.:	ACOPM2958F
Memberships :	--
Collaborators :	--
Associates/Subsidiaries :	--

CAPITAL STRUCTURE

AS ON 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
1000000	Equity Shares	Rs.10/- each	Rs. 10.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
195500	Equity Shares	Rs.10/- each	Rs. 1.955 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	1.955	1.955	1.955
(b) Reserves & Surplus	188.266	174.858	149.156
(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)	190.221	176.813	151.111
(3) Non-Current Liabilities
(a) long-term borrowings	0.880	2.071	0.000
(b) Deferred tax liabilities (Net)	1.241	0.667	0.412
(c) Other long term liabilities	11.450	63.962	73.889
(d) long-term provisions	2.149	0.741	0.335
Total Non-current Liabilities (3)	15.720	67.441	74.636
(4) Current Liabilities
(a) Short term borrowings	6.360	0.000	0.000
(b) Trade payables	20.385	39.127	61.004
(c) Other current liabilities	81.199	77.307	13.698
(d) Short-term provisions	0.000	0.000	0.000
Total Current Liabilities (4)	107.944	116.434	74.702
TOTAL	313.885	360.688	300.449
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	40.713	21.159	17.425
(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)	0.005	0.005	0.005
(d) Long-term Loan and Advances	0.000	0.000	0.000
(e) Other Non-current assets	5.239	15.504	3.912
Total Non-Current Assets	45.957	36.668	21.342
(2) Current assets
(a) Current investments	121.519	0.000	0.000
(b) Inventories	63.845	61.135	62.719
(c) Trade receivables	54.145	119.122	110.435
(d) Cash and cash equivalents	11.431	113.457	23.412
(e) Short-term loans and advances	0.393	20.159	82.472
(f) Other current assets	16.595	10.147	0.069
Total Current Assets	267.928	324.020	279.107
TOTAL	313.885	360.688	300.449

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		TOTAL	NA	NA	NA
Less	EXPENSES
		TOTAL	NA	NA	NA
	PROFIT BEFORE TAX		19.705	38.035	15.023
Less	TAX		6.298	12.333	2.797
	PROFIT AFTER TAX		13.407	25.702	12.226
	Earnings Per Share (Rs.)		68.57	131.47	62.54

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	NA	NA	NA
Cash generated from operations	NA	NA	NA
Net cash flow from (used in) operation	NA	NA	NA

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Return on Total Assets (PBT/Total Assets}	(%)	6.28	10.55	5.00
Return on Investment (ROI) (PBT/Networth)		0.10	0.22	0.10
Debt Equity Ratio (Total Debt /Networth)		0.04	0.01	0.00
Current Ratio (Current Asset/Current Liability)		2.48	2.78	3.74

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	1.955	1.955	1.955
Reserves & Surplus	149.156	174.858	188.266
Share Application money pending allotment	0.000	0.000	0.000
Net worth	151.111	176.813	190.221
long-term borrowings	0.000	2.071	0.880
Short term borrowings	0.000	0.000	6.360
Current Maturities of Long Term Debt	0.000	0.000	0.000
Total borrowings	0.000	2.071	7.240
Debt/Equity ratio	0.000	0.012	0.038

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	Yes
8	Designation of contact person	Yes
9	Promoter’s background	Yes
10	Date of Birth of Proprietor / Partners / Directors	Yes
11	Pan Card No. of Proprietor / Partners	No
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	No
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	No
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	Yes
33	Market information	----
34	Payments terms	No
35	Negative Reporting by Auditors in the Annual Report	No

LITIGATION DETAILS

HIGH COURT OF BOMBAY

CASE DETAILS

BENCH: BOMBAY

Presentation Date:- 18/09/2014

Lodging No.:- CPL/675/2014 Filing Date:- 18/09/2014

Main Matter

Reg. No.:- CP/888/2014 Reg. Date :- 29/11/2014

Petitioner: KASHYAP DIESEL SALES AND SERVICES- Respondent: PERFECT HOUSE PVT.LTD.

CIN No.: U45200M H1988PTC045910

Petn. Adv : MRUGANK AND BASUTKAR LAW PARTNERS (0)

District: MUMBAI

Bench: SINGLE

Status: PRE-ADMISSION Category: COMPANY PETITION U/SEC 433,434, 439

COMPANIES ACT

Next Date: 03/08/2015 Stage: FOR ADMISSION – FRESH

[ORIGINAL SIDE MATTERS]

Last Coram:

HON'BLE SHRI JUSTICE S.J. KATHAWALLA

Act: Companies Act and Rules 1956 UNDER SECTION: 433, 434

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10553131	25/02/2015	80,000,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra - 400013, INDIA	C45644218
2	10440719	25/02/2015 *	115,000,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra - 400013, INDIA	C45643251

* Date of charge modification

FIXED ASSETS

• Office Premises
• Motor Car
• Furniture and Fixture
• Plant and Machinery
• Computer

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. 63.37
UK Pound	1	Rs. 97.65
Euro	1	Rs. 70.43

INFORMATION DETAILS

Information Gathered by :	NYA
Analysis Done by :	SAN
Report Prepared by :	JYO

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILITY	1~10	6
--LIQUIDITY	1~10	6
--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	YES
--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		49

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.