MIRA INFORM REPORT

Report No. :	326866
Report Date :	12.06.2015

IDENTIFICATION DETAILS

Name :	ULTRA SPACE DEVELOPERS PRIVATE LIMITED
Registered Office :	4^th Floor, HDIL Towers, Anant Kanekar Marg, Bandra (East), Mumbai – 400051, Maharashtra
Tel. No.:	91-22-66369191
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	20.08.2008
Com. Reg. No.:	11-185964
Capital Investment / Paid-up Capital :	Rs.0.100 Million
CIN No.: [Company Identification No.]	U45200MH2008PTC185964
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AABCU0294J
Legal Form :	Private Limited Liability Company
Line of Business :	Contractor of Real estate
No. of Employees :	Information declined by the management

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 290000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. Rating remain constrained on account of company’s moderate financial risk profile marked by leverage balance sheet profile and risk associated with nature of construction business. However, trade relations are fair. Business is active. Payments 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 – 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 PARTED BY (PARTIAL DETAILS)

Name :	Mr. Pragesh
Designation :	Accountant
Contact No.:	91-9920740175
Date :	12.06.2015

LOCATIONS

Registered Office :	4^th Floor, HDIL Towers, Anant Kanekar Marg, Bandra (East), Mumbai – 400051, Maharashtra, India
Tel. No.:	91-22-66369191 / 6774827 / 67748275 / 67748000
Mobile No.:	91-9920740175 (Mr. Pragesh)
Fax No.:	Not Available
E-Mail :	jitendra.kadam@whpl.co.in

DIRECTORS

AS ON 30.09.2014

Name :

Mr. Bhagwat Swarup Sharma

Designation :

Director

Address :

Flat No.1306, A-I, Riddhi Gardens, Filmcity Road, Malad (East), Mumbai - 400097, Maharashtra, India

Date of Birth/Age :

12.11.1939

Date of Appointment :

30.09.2010

DIN No.:

00230202

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	U65991MH2005PTC153886	DHFL VENTURES TRUSTEE COMPANY PRIVATE LIMITED	Director	25/07/2005	25/07/2005	-	Active	NO
2	U55101MH2006PTC166530	WADHAWAN GLOBAL HOTELS AND RESORTS PRIVATE LIMITED	Director	27/12/2006	27/12/2006	01/12/2014	Active	NO
3	U51909MH2007PTC166689	WADHAWAN LIFESTYLE RETAIL PRIVATE LIMITED	Director	03/01/2007	03/01/2007	01/12/2014	Active	NO
4	U65990MH1984PTC033926	WADHAWAN CONSOLIDATED HOLDINGS PRIVATE LIMITED	Director	29/09/2008	10/12/2007	01/12/2014	Active	NO
5	U74999MH2002PTC135601	WADHAWAN HOLDINGS PRIVATE LIMITED	Director	24/12/2008	24/01/2008	-	Active	NO
6	U45201MH2006PTC161851	WADHAWAN INFRASTRUCTURE DEVELOPERS PRIVATE LIMITED	Director	29/09/2008	24/01/2008	01/12/2014	Active	NO
7	U52300MH2007PTC169870	WADHAWAN AGROTRADE PRIVATE LIMITED	Director	29/09/2008	27/03/2008	01/12/2014	Active	NO
8	U70102MH2007PTC167046	ASHIANA REALTORS PRIVATE LIMITED	Director	24/12/2008	14/07/2008	-	Active	NO
9	U51100MH1983PTC031068	WADHAWAN REALTORS PRIVATE LIMITED	Additional director	16/03/2015	01/10/2008	-	Active	NO
10	U74140MH2005PTC157245	WADHAWAN RETAIL VENTURES PRIVATE LIMITED	Director	30/09/2009	01/10/2008	01/12/2014	Active	NO
11	U55101MH2005PTC155408	WADHAWAN HOSPITALITY AND INVESTMENTS PRIVATE LIMITED	Director	30/09/2009	01/10/2008	01/12/2014	Active	NO
12	U45200MH2007PTC167540	DHEERAJ TOWNSHIP DEVELOPERS PRIVATE LIMITED	Director	30/09/2009	15/10/2008	01/12/2014	Active	NO
13	U52190MH2005PTC155413	WADHAWAN RETAIL PRIVATE LIMITED	Director	29/09/2009	17/11/2008	01/12/2014	Active	NO
14	U70109MH2006PLC161598	TOWNSHIP DEVELOPERS INDIA LIMITED	Director	30/09/2009	05/02/2009	-	Active	NO
15	U70109MH2002PTC136017	Angels Infracon Private Limited	Director	30/09/2010	28/11/2009	01/12/2014	Active	NO
16	U70101MH1952PTC008958	JUHU REAL ESTATE DEVELOPERS PRIVATE LIMITED	Director	30/09/2010	30/01/2010	-	Active	NO
17	U70109MH2007PTC167043	MERCURY REALTY PRIVATE LIMITED	Director	30/09/2010	30/01/2010	01/12/2014	Active	NO
18	U45200MH2008PTC185964	ULTRA SPACE DEVELOPERS PRIVATE LIMITED	Director	30/09/2010	05/02/2010	-	Active	NO
19	U45400MH2007PTC175728	YARDSTICK DEVELOPERS PRIVATE LIMITED	Director	30/09/2010	30/03/2010	-	Active	NO
20	U45400MH2007PTC174312	RESOURCES REALTY PRIVATE LIMITED	Director	30/09/2010	30/03/2010	-	Active	NO
21	U45200MH1991PTC063799	SAMUDRA DEVELOPERS PRIVATE LIMITED.	Director	30/09/2010	30/03/2010	-	Active	NO
22	U70109MH2009PTC191338	Golden Beach Infracon Private Limited	Director	30/09/2010	30/03/2010	-	Active	NO
23	U92190MH2007PTC172692	KSD ENTERTAINMENT PRIVATE LIMITED	Director	30/09/2010	30/03/2010	01/12/2014	Active	NO
24	U70200MH2009PTC191285	Silver Birch Real Estate Developers Private Limited	Director	30/09/2010	30/03/2010	01/12/2014	Active	NO
25	U70102MH2008PTC179052	Damask Infracon Private Limited	Director	30/09/2010	15/05/2010	-	Active	NO
26	U45400MH2008PTC212489	SHISHIR REALTY PRIVATE LIMITED	Director	25/09/2010	04/08/2010	-	Active	NO
27	U45200MH2008PTC185963	MINDSPACE BUIDCON PRIVATE LIMITED	Director	30/09/2010	04/08/2010	01/12/2014	Active	NO
28	U70102MH2007PTC176300	RKW DEVELOPERS PRIVATE LIMITED	Additional director	06/12/2010	06/12/2010	-	Active	NO
29	U52190KA2004PTC034357	SMART RETAIL PRIVATE LIMITED	Director	30/09/2011	06/12/2010	27/03/2015	Active	NO
30	U45200MH2008PTC181106	ABHIRUP PROPERTIES PRIVATE LIMITED	Director	30/09/2011	31/01/2011	01/12/2014	Active	NO
31	U45400MH2008PTC184813	ASSURE REALTORS PRIVATE LIMITED	Director	30/09/2011	31/01/2011	01/12/2014	Active	NO
32	U45202MH2008PTC178721	AVICHAL PROPERTIES PRIVATE LIMITED	Director	30/09/2011	31/01/2011	01/12/2014	Active	NO
33	U45400MH2008PTC184243	BELIEF REALTORS PRIVATE LIMITED	Director	30/09/2011	31/01/2011	01/12/2014	Active	NO
34	U70102MH2008PTC177595	Citybase Properties Private Limited	Director	30/09/2011	31/01/2011	01/03/2014	Active	NO
35	U45400MH2008PTC187419	ARCANE REALTORS PRIVATE LIMITED	Director	22/01/2013	31/01/2011	01/12/2014	Active	NO
36	L25209MH1994PLC081821	VALLABH POLY-PLAST INTERNATIONAL LIMITED	Whole-time director	27/08/2014	30/05/2011	-	Active	NO
37	U93000MH2007PTC176298	RKW CONSTRUCTION FACILITY MANAGEMENT PRIVATE LIMITED	Director	30/09/2011	25/07/2011	-	Active	NO
38	U70102MH2010PTC202456	DHEERAJ SKYSCAPERS PRIVATE LIMITED	Director	30/09/2011	25/07/2011	01/12/2014	Active	NO
39	U70102MH2007PTC176299	RKW PROJECT MANAGEMENT PRIVATE LIMITED	Director	30/09/2011	25/07/2011	01/12/2014	Active	NO
40	U70109MH2010PTC204062	WADHAWAN REALTY PRIVATE LIMITED	Director	30/09/2011	25/07/2011	01/12/2014	Active	NO
41	U70109MH2010PTC202375	DHEERAJ HOUSING PRIVATE LIMITED	Director	30/09/2011	25/07/2011	01/12/2014	Active	NO
42	U70102MH2011PTC215982	WADHAWAN MEGA INFRASTRUCTURE PRIVATE LIMITED	Director	29/09/2012	12/10/2011	16/03/2015	Active	NO
43	U45200MH2003PTC143256	DARSHAN DEVELOPERS PRIVATE LIMITED	Additional director	05/05/2012	05/05/2012	-	Active	NO
44	U74120MH2012PTC231445	Agri Infra and Urban Development Trustees Private Limited	Director	24/05/2012	24/05/2012	26/02/2015	Active	NO
45	U74120MH2010PLC209388	DHFL SALES AND SERVICES LIMITED	Director	30/09/2014	01/10/2012	05/11/2014	Active	NO
46	U40101MH2010PTC205409	WADHAWAN SOLAR (ANDHRA PRADESH) PRIVATE LIMITED	Director	22/01/2013	22/01/2013	01/12/2014	Active	NO
47	U74900MH2010PTC202700	WADHAWAN GREEN ENERGY PRIVATE LIMITED	Director	22/01/2013	22/01/2013	01/12/2014	Active	NO
48	U40200MH2010PTC205536	WADHAWAN GREEN ENERGY (GUJARAT) PRIVATE LIMITED	Director	22/01/2013	22/01/2013	01/12/2014	Active	NO
49	U40300MH2010PTC205416	WADHAWAN GREEN ENERGY (MAHARASHTRA) PRIVATE LIMITED	Director	22/01/2013	22/01/2013	01/12/2014	Active	NO
50	U74900MH2010PTC202983	WADHAWAN SOLAR PRIVATE LIMITED	Director	22/01/2013	22/01/2013	01/12/2014	Active	NO
51	U40101MH2010PTC205475	WADHAWAN SOLAR (GUJARAT) PRIVATE LIMITED	Director	22/01/2013	22/01/2013	01/12/2014	Active	NO
52	U40103MH2010PTC205418	WADHAWAN SOLAR (RAJASTHAN) PRIVATE LIMITED	Director	22/01/2013	22/01/2013	01/12/2014	Active	NO
53	U55204MH2008PTC179043	QUEENS HOSPITALITY PRIVATE LIMITED	Director	22/01/2013	22/01/2013	01/12/2014	Active	NO
54	U74990MH2010PTC205138	WADHAWAN COMMUNICATION PRIVATE LIMITED	Director	22/01/2013	22/01/2013	01/12/2014	Active	NO
55	U74990MH2010PTC205154	RKW COMMUNICATION PRIVATE LIMITED	Director	22/01/2013	22/01/2013	01/12/2014	Active	NO
56	U40103MH2010PTC205417	WADHAWAN SOLAR (MAHARASHTRA) PRIVATE LIMITED	Director	22/01/2013	22/01/2013	01/12/2014	Active	NO
57	U40108MH2010PTC205431	WADHAWAN GREEN ENERGY (RAJASTHAN) PRIVATE LIMITED	Director	22/01/2013	22/01/2013	01/12/2014	Active	NO
58	U74990MH2010PTC202073	WADHAWAN CRIC PRIVATE LIMITED	Director	22/01/2013	22/01/2013	01/12/2014	Active	NO
59	U52100MH2010PTC205155	WADHAWAN MERCHTRADE PRIVATE LIMITED	Director	22/01/2013	22/01/2013	01/12/2014	Active	NO
60	U92412MH2008PTC187099	ACE GAMING & ENTERTAINMENT PRIVATE LIMITED	Director	22/01/2013	22/01/2013	01/12/2014	Active	NO
61	U67190DL2005PLC140972	First Blue Financial Consultants Limited	Director	25/09/2013	29/01/2013	-	Active	NO
62	U55101MH2013PTC240690	Man Food Hospitality Private Limited	Additional director	15/03/2013	15/03/2013	01/12/2014	Active	NO
63	U40103MH2013PTC244163	ABIR Power Distribution Company Private Limited	Director	08/06/2013	08/06/2013	26/02/2015	Active	NO
64	U60231MH2013PTC244169	ABIR Transportation Developers Private Limited	Director	08/06/2013	08/06/2013	26/02/2015	Active	NO
65	U90001MH2013PTC244265	ABIR Waste Management Private Limited	Director	11/06/2013	11/06/2013	26/02/2015	Active	NO
66	U40300MH2013PTC245244	ABIR Gas Distributors Private Limited	Director	05/07/2013	05/07/2013	26/02/2015	Active	NO
67	U40300MH2013PTC245388	WMIPL Solar Power Private Limited	Director	09/07/2013	09/07/2013	26/02/2015	Active	NO
68	U40102MH2013PTC245441	ABIR Amenities Private Limited	Director	10/07/2013	10/07/2013	26/02/2015	Active	NO
69	U74120MH2013PTC245429	ABIR Agri Warehousing Development Private Limited	Director	10/07/2013	10/07/2013	26/02/2015	Active	NO
70	U40108MH2013PTC245455	Agri Business Investment Region Power Producers Private Limited	Director	10/07/2013	10/07/2013	26/02/2015	Active	NO
71	U63000MH2013PTC245456	ABIR Logistics Private Limited	Director	10/07/2013	10/07/2013	26/02/2015	Active	NO
72	U61200MH2013PTC245524	Agri Business Investment Region Port Private Limited	Director	11/07/2013	11/07/2013	26/02/2015	Active	NO
73	U64204MH2013PTC245777	ABIR Tele Services Private Limited	Director	17/07/2013	17/07/2013	26/02/2015	Active	NO
74	U74120MH2013PTC245974	WMIPL Infra Developers Private Limited	Director	22/07/2013	22/07/2013	26/02/2015	Active	NO
75	U93000MH2013PTC246142	ABIR Rail Infra Support Services Private Limited	Director	25/07/2013	25/07/2013	26/02/2015	Active	NO
76	U55101MH2009PTC191889	ESSENTIAL HOSPITALITY PRIVATE LIMITED	Additional director	26/07/2013	26/07/2013	-	Active	NO
77	U65990MH2000PTC127776	KAVI ESTATE AND INVESTMENTS PRIVATE LIMITED	Additional director	26/07/2013	26/07/2013	01/12/2014	Active	NO
78	U51109MH2009PTC196454	MAAJA MERCANTILE PRIVATE LIMITED	Additional director	26/07/2013	26/07/2013	01/12/2014	Active	NO
79	U51109MH2009PTC197347	NISCHIT MERCANTILE PRIVATE LIMITED	Additional director	26/07/2013	26/07/2013	01/12/2014	Active	NO
80	U51109MH2009PTC197356	PATHAK MERCANTILE PRIVATE LIMITED	Additional director	26/07/2013	26/07/2013	01/12/2014	Active	NO
81	U51109MH2009PTC196449	REGULATE MERCANTILE PRIVATE LIMITED	Additional director	26/07/2013	26/07/2013	01/12/2014	Active	NO
82	U51109MH2010PTC198891	SAMUNDER TRADING PRIVATE LIMITED	Additional director	26/07/2013	26/07/2013	01/12/2014	Active	NO
83	U45202MH2008PTC186095	SAREN REALTORS PRIVATE LIMITED	Additional director	26/07/2013	26/07/2013	01/12/2014	Active	NO
84	U70101MH2001PTC132695	BAWA REALTORS PRIVATE LIMITED	Additional director	26/07/2013	26/07/2013	01/12/2014	Active	NO
85	U51109MH2009PTC197350	VASTVIK MERCANTILE PRIVATE LIMITED	Additional director	26/07/2013	26/07/2013	01/12/2014	Active	NO
86	U74900KA2013PTC072209	SMART CASH AND CARRY PRIVATE LIMITED	Director	29/11/2013	29/11/2013	-	Active	NO
87	AAC-9721	BANDRA RECLAMATION ONE BUILDER LLP	Body corporate as Designated Partner	25/11/2014	25/11/2014	-	Active	NO
88	AAC-9722	JVPD IRLA ONE BUILDER LLP	Body corporate as Designated Partner	25/11/2014	25/11/2014	-	Active	NO
89	AAC-9849	NIRVANA ONE BUILDER LLP	Body corporate as Designated Partner	28/11/2014	28/11/2014	-	Active	NO
90	AAC-9963	JVPD ONE BUILDER LLP	Body corporate as Designated Partner	01/12/2014	01/12/2014	-	Active	NO

Name :

Mr. Placid Naronha

Designation :

Director

Address :

102 Pearl Apartment, D' Monte Lane, Malad - West, Mumbai - 400064, Maharashtra, India

Date of Birth/Age :

05.10.1976

Date of Appointment :

30.09.2010

DIN No.:

03031999

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	U70109MH2006PLC161598	TOWNSHIP DEVELOPERS INDIA LIMITED	Director	30/09/2010	30/01/2010	-	Active	NO
2	U45400MH2008PTC212489	SHISHIR REALTY PRIVATE LIMITED	Director	25/09/2010	04/08/2010	-	Active	NO
3	U45200MH2008PTC185964	ULTRA SPACE DEVELOPERS PRIVATE LIMITED	Director	30/09/2010	04/08/2010	-	Active	NO
4	U45200MH1991PTC063799	SAMUDRA DEVELOPERS PRIVATE LIMITED.	Director	30/09/2010	04/08/2010	-	Active	NO
5	U70101MH1952PTC008958	JUHU REAL ESTATE DEVELOPERS PRIVATE LIMITED	Director	30/09/2010	04/08/2010	-	Active	NO
6	U70109MH2009PTC191338	Golden Beach Infracon Private Limited	Director	30/09/2010	04/08/2010	-	Active	NO
7	U45200MH2008PTC185963	MINDSPACE BUIDCON PRIVATE LIMITED	Director	30/09/2010	04/08/2010	-	Active	NO
8	U70200MH2009PTC191285	Silver Birch Real Estate Developers Private Limited	Director	30/09/2010	04/08/2010	14/11/2014	Active	NO
9	U70109MH2002PTC136017	Angels Infracon Private Limited	Director	30/09/2010	04/08/2010	14/11/2014	Active	NO
10	U70109MH2007PTC167043	MERCURY REALTY PRIVATE LIMITED	Director	30/09/2010	10/08/2010	-	Active	NO
11	U70102MH2008PTC179052	Damask Infracon Private Limited	Director	30/09/2010	10/08/2010	-	Active	NO
12	U55101MH2009PTC191889	ESSENTIAL HOSPITALITY PRIVATE LIMITED	Director	12/03/2011	12/03/2011	-	Active	NO
13	U51109MH2009PTC196454	MAAJA MERCANTILE PRIVATE LIMITED	Director	12/03/2011	12/03/2011	14/11/2014	Active	NO
14	U51109MH2009PTC197356	PATHAK MERCANTILE PRIVATE LIMITED	Director	12/03/2011	12/03/2011	14/11/2014	Active	NO
15	U51109MH2009PTC196449	REGULATE MERCANTILE PRIVATE LIMITED	Director	12/03/2011	12/03/2011	14/11/2014	Active	NO
16	U51109MH2010PTC198891	SAMUNDER TRADING PRIVATE LIMITED	Director	12/03/2011	12/03/2011	14/11/2014	Active	NO
17	U51109MH2009PTC197347	NISCHIT MERCANTILE PRIVATE LIMITED	Director	12/03/2011	12/03/2011	14/11/2014	Active	NO
18	U51109MH2009PTC197350	VASTVIK MERCANTILE PRIVATE LIMITED	Director	12/03/2011	12/03/2011	14/11/2014	Active	NO
19	U70101MH2001PTC132695	BAWA REALTORS PRIVATE LIMITED	Director	12/03/2011	12/03/2011	14/11/2014	Active	NO
20	U65990MH2000PTC127776	KAVI ESTATE AND INVESTMENTS PRIVATE LIMITED	Director	12/03/2011	12/03/2011	14/11/2014	Active	NO
21	U45202MH2008PTC186095	SAREN REALTORS PRIVATE LIMITED	Director	12/03/2011	12/03/2011	14/11/2014	Active	NO
22	L25209MH1994PLC081821	VALLABH POLY-PLAST INTERNATIONAL LIMITED	Director	01/04/2014	30/05/2011	-	Active	NO
23	U45200MH2003PTC143256	DARSHAN DEVELOPERS PRIVATE LIMITED	Additional director	05/05/2012	05/05/2012	-	Active	NO
24	U67190DL2005PLC140972	First Blue Financial Consultants Limited	Director	25/09/2013	29/01/2013	-	Active	NO
25	U93000MH2007PTC176298	RKW CONSTRUCTION FACILITY MANAGEMENT PRIVATE LIMITED	Additional director	26/08/2013	26/08/2013	-	Active	NO
26	U70102MH2007PTC176300	RKW DEVELOPERS PRIVATE LIMITED	Additional director	26/08/2013	26/08/2013	-	Active	NO
27	U70109MH2010PTC202375	DHEERAJ HOUSING PRIVATE LIMITED	Additional director	26/08/2013	26/08/2013	-	Active	NO
28	U70102MH2007PTC176299	RKW PROJECT MANAGEMENT PRIVATE LIMITED	Additional director	26/08/2013	26/08/2013	14/11/2014	Active	NO
29	U70109MH2010PTC204062	WADHAWAN REALTY PRIVATE LIMITED	Additional director	26/08/2013	26/08/2013	14/11/2014	Active	NO
30	U70102MH2010PTC202456	DHEERAJ SKYSCAPERS PRIVATE LIMITED	Additional director	26/08/2013	26/08/2013	14/11/2014	Active	NO
31	U51100MH1983PTC031068	WADHAWAN REALTORS PRIVATE LIMITED	Additional director	16/03/2015	16/03/2015	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Pragesh
Designation :	Accountant
Name :	Mr. Jitendra Kadam
Designation :	Consultant

MAJOR SHAREHOLDERS

AS ON 30.09.2014

Names of Shareholders	No. of Shares	% of Holding
Kapil Wadhawan	500	5.00
Dheeraj Wadhawan	500	5.00
RKW Developers Private Limited	9000	90.00
Total	10000	100.00

Equity Share Break up (Percentage of Total Equity)

AS ON 30.09.2014

Category	Percentage
Bodies corporate	90.00
Directors or relatives of Directors	10.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Contractor of Real estate
Brand Names :	Not Divulged
Agencies Held :	Not Divulged
Exports :	Not Divulged
Imports :	Not Divulged
Terms :
Selling :	Not Divulged
Purchasing :	Not Divulged

PRODUCTION STATUS – NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

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

Customers :

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

No. of Employees :

Information declined by the management

Bankers :

Banker Name :	Not Divulged
Branch :	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 :	Not Divulged
Credit Facilities Enjoyed (CC/OD/Term Loan) :	Not Divulged
Account Operation :	Not Divulged
Remark :	Not Divulged

Financial Institution :	IDBI Trusteeship Services Limited, Asian Building, Ground Floor, 17, R. Kamani Marg, Ballard Estate, Mumbai – 400001, Maharashtra, India
Auditors :
Name :	T. R. Chadha and Company Chartered Accountants
Address :	1, Smruti, Ground Floor, M. V. Panlosakar Road, Thakur Village, Kandivali (East), Mumbai – 400057, Maharashtra, India
PAN No.:	AAAFT1655Q
Memberships :	Not Divulged
Collaborators :	Not Divulged
Associates/Subsidiaries :	--

CAPITAL STRUCTURE

AS ON 30.09.2014

Authorised Capital:

No. of Shares	Type	Value	Amount
100000	Equity Shares	Rs.10/- each	Rs.0.100 Million

Issued, Subscribed & Paid-up Capital:

No. of Shares	Type	Value	Amount
100000	Equity Shares	Rs.10/- each	Rs.0.100 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	0.100	0.100	0.100
(b) Reserves & Surplus	100.946	99.555	93.209
(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)	101.046	99.655	93.309
(3) Non-Current Liabilities
(a) long-term borrowings	1584.572	347.833	2773.276
(b) Deferred tax liabilities (Net)	1.782	1.266	0.902
(c) Other long term liabilities	10.147	10.604	10.557
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	1596.501	359.703	2784.735
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	106.439	86.028	90.306
(c) Other current liabilities	1794.177	3576.376	738.410
(d) Short-term provisions	0.000	2.664	5.368
Total Current Liabilities (4)	1900.616	3665.068	834.084
TOTAL	3598.163	4124.426	3712.128
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	45.090	25.402	28.140
(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	64.485	38.876	38.551
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	109.575	64.278	66.691
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	1571.311	1677.617	1584.147
(c) Trade receivables	630.550	289.838	284.672
(d) Cash and cash equivalents	1.984	2.474	1.493
(e) Short-term loans and advances	21.498	211.642	219.969
(f) Other current assets	1263.245	1878.577	1555.156
Total Current Assets	3488.588	4060.148	3645.437
TOTAL	3598.163	4124.426	3712.128

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	500.697	372.600
		Other Income	2.299	1.222
		TOTAL (A)	502.996	373.822	NA
Less	EXPENSES
		Cost of Land and Constructed Properties	447.541	315.642
		Other Expenses	45.899	42.984
		TOTAL (B)	493.440	358.626	NA
	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		9.556	15.196
Less	FINANCIAL EXPENSES (D)		2.129	2.385
	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		7.427	12.811
Less	DEPRECIATION/ AMORTISATION (F)		3.365	2.787
	PROFIT/(LOSS) BEFORE TAX (E-F) (G)		4.062	10.024	17.983
Less	TAX (H)		2.671	3.678	7.144
	PROFIT/(LOSS) AFTER TAX (G-H) (I)		1.391	6.346	10.839
	Earnings Per Share (Rs.)		13.91	--	--

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	0.000	2638.367	6.539
Cash generated from operations	NA	NA	NA

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin PAT / Sales	(%)	0.28	1.70	NA
Operating Profit Margin (PBDIT/Sales)	(%)	1.91	4.08	NA
Return on Total Assets (PBT/Total Assets)	(%)	0.11	0.24	0.48
Return on Investment (ROI) (PBT/Networth)		0.04	0.10	0.19
Debt Equity Ratio (Total Debt /Networth)		15.68	29.97	29.79
Current Ratio (Current Asset/Current Liability)		1.84	1.11	4.37

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	0.100	0.100	0.100
Reserves & Surplus	93.209	99.555	100.946
Net worth	93.309	99.655	101.046
long-term borrowings	2773.276	347.833	1584.572
Short term borrowings	0.000	0.000	0.000
Current Maturities of Long term debt	6.539	2638.367	0.000
Total borrowings	2779.815	2986.200	1584.572
Debt/Equity ratio	29.791	29.965	15.682

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2013	31.03.2014
	Rs. In Million	Rs. In Million
Sales	372.600	500.697
		34.379

NET PROFIT MARGIN

Net Profit Margin	31.03.2013	31.03.2014
	Rs. In Million	Rs. In Million
Sales	372.600	500.697
Profit	6.346	1.391
	1.70%	0.28%

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	No
21	Banking facility details	No
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 two 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

NO CHARGES EXIST FOR COMPANY

FIXED ASSETS:

· Land

· Building

· Plant and Machinery

· Furniture and Fixture

· Office Equipment

· Computer

· Vehicles

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.63.89
UK Pound	1	Rs.98.90
Euro	1	Rs.72.31

INFORMATION DETAILS

Information Gathered by :	KMN
Analysis Done by :	KIN
Report Prepared by :	NKT

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
--PROFITABILITY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	2
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	NO
--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		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.