MIRA INFORM REPORT

Report No. :	327506
Report Date :	16.06.2015

IDENTIFICATION DETAILS

Name :	JSM CORPORATION PRIVATE LIMITED (w.e.f. 25.09.2007)
Formerly Known As :	JSM RESTAURANTS PRIVATE LIMITED (w.e.f. 06.08.2007) JSM HOLDINGS PRIVATE LIMITED
Registered Office :	Todi Estate, 3^rd Floor, A Wing, Sun Mill Compound, Sitaram Jadhav Marg, Lower Parel (West), Mumbai – 400013, Maharashtra
Tel. No.:	91-22-67478700
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	26.10.2004
Com. Reg. No.:	11-175698
Capital Investment / Paid-up Capital :	Rs. 66.430 Million
CIN No.: [Company Identification No.]	U74999MH2004PTC175698
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AABCJ4903B
Legal Form :	Private Limited Liability Company
Line of Business :	The Subject is engaged into the business of restaurants
No. of Employees :	500 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (32)

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

Maximum Credit Limit :	USD 1700000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. For the financial year ended 2014, company has reported moderate operational performance and it has incurred loss from its operational activities. Rating further constrained on account of company’s moderate liquidity profile and unfavorable gap between trade payables to its receivables. However, rating weakness partly offset by company’s healthy networth base and sound debt protection metrics. Trade relations are fair. Business is active. Payments are reported to be slow but correct. In view of operational loss along with moderate liquidity profile, 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) 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 PARTED BY

Name :	Mr. Dilip Gupta
Designation :	Finance Controller
Contact No.:	91-22-67478700
Date :	15.06.2015

LOCATIONS

Registered Office :	Todi Estate, 3^rd Floor, A Wing, Sun Mill Compound, Sitaram Jadhav Marg, Lower Parel (West), Mumbai – 400013, Maharashtra, India
Tel. No.:	91-22-67478700
Fax No.:	91-22-66607605
E-Mail :	dilip.gupta@jsmcorp.com
Website :	http://www.jsmcorp.com

DIRECTORS

As on 30.09.2014

Name :

Mr. Parthiv Tanil Kilachand

Designation :

Director

Address :

95, Nepean Sea Road, Malabar Hill, Mumbai - 400006, Maharashtra, India

Date of Birth/Age :

27.03.1967

Date of Appointment :

29.09.2007

DIN No. :

00005516

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	L21308GJ1989PLC012743	GUJARAT POLY AVX ELECTRONICS LTD.	Director	11/03/1992	11/03/1992	-	Active	NO
2	U51900MH1994PTC078663	RASAYANI TRADERS PRIVATE LIMITED	Director	30/06/1994	30/06/1994	-	Active	NO
3	L24100MH1955PLC009663	POLYCHEM LIMITED	Managing director	01/04/2014	03/12/1996	-	Active	NO
4	U51900MH1997PTC105312	HIGHCLASS TRADING PRIVATE LIMITED	Director	01/08/1997	01/08/1997	-	Active	NO
5	U17110MH1950PLC007979	GINNERS AND PRESSERS LIMITED	Director	14/08/1997	14/08/1997	-	Active	NO
6	U24110MH1999PTC119904	CONNELL BROS COMPANY (INDIA) PRIVATE LIMITED	Director	18/05/1999	18/05/1999	-	Active	NO
7	U65920MH1983PTC031628	RO-AN INVESTMENTS PRIVATE LIMITED	Director	14/12/2001	14/12/2001	-	Dissolved	NO
8	U65920MH1983PTC031612	VIRSUN INVESTMENTS PVT LTD	Director	14/12/2001	14/12/2001	-	Active	NO
9	U65920MH1983PTC031611	MASUMA TRADECORP PRIVATE LIMITED	Director	14/12/2001	14/12/2001	-	Active	NO
10	U51900MH1995PLC087924	SUN TAN TRADING COMPANY LIMITED	Managing director	01/04/2014	12/04/2004	-	Active	NO
11	U51220MH2000PTC129864	GOURMET LOGISTICS PRIVATE LIMITED	Director	10/03/2006	10/03/2006	21/06/2010	Active	NO
12	U74999MH2004PTC175698	JSM CORPORATION PRIVATE LIMITED	Director	29/09/2007	12/06/2007	-	Active	NO
13	U74140MH2004PTC175689	H R CAFE INDIA PRIVATE LIMITED	Director	29/09/2007	24/08/2007	-	Amalgamated	NO
14	U41000MH2010PLC208418	ENVIRONMENTAL PURIFIERS LIMITED	Director	29/09/2010	29/09/2010	07/12/2010	Active	NO

Name :

Mr. Rajesh Ramaiah

Designation :

Nominee Director

Address :

62, 17^th Main, 3^rd Cross, 2^nd Block, Koramangala, Bangalore – 560034, Karnataka, India

Date of Birth/Age :

18.08.1971

Date of Appointment :

21.12.2012

DIN No. :

00420481

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	U85199KA2000PLC027715	WIPRO HEALTHCARE IT LIMITED	Nominee director	17/02/2003	17/02/2003	-	Amalgamated	NO
2	U72200KA2003PTC040724	MPACT TECHNOLOGY SERVICES PRIVATE LIMITED	Director	24/07/2006	29/12/2005	-	Amalgamated	NO
3	U74140KA2003PTC040723	MPOWER SOFTWARE SERVICES (INDIA) PRIVATE LIMITED	Director	25/07/2006	29/12/2005	-	Amalgamated	NO
4	U72200TG2001PLC036915	QUANTECH GLOBAL SERVICES LIMITED	Director	01/01/2007	01/01/2007	-	Amalgamated	NO
5	U74999MH2004PTC175698	JSM CORPORATION PRIVATE LIMITED	Nominee director	21/12/2012	21/12/2012	-	Active	NO
6	U34200DL2008PTC172214	CARNATION AUTO INDIA Private LIMITED	Nominee director	23/09/2014	17/09/2014	-	Active	NO

Name :

Mr. Jayajit Singh

Designation :

Managing Director

Address :

Flat No.3, Floor No. 2, Sorrento Building, Mount Pleasant Road, Malabar Hills, Mumbai – 400006, Maharashtra, India

Date of Birth/Age :

19.05.1967

Date of Appointment :

01.10.2011

DIN No. :

00613169

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	U65993KA1994PTC015770	KAMPILYA INVESTMENTS PRIVATE LIMITED	Director	15/06/1994	15/06/1994	-	Active	NO
2	U51909KA1995PTC018493	K J MULTILATERAL TRADING PRIVATE LIMITED	Director	01/01/1996	01/01/1996	-	Strike off	NO
3	U67000KA1995PTC019310	TRIBECA CONSULTANTS PRIVATE LIMITED	Director	01/01/1996	01/01/1996	-	Dormant	NO
4	U45101KA1995PTC017561	NAM HOLDINGS PRIVATE LIMITED.	Director	01/02/1997	01/02/1997	-	Strike off	NO
5	U92199KA1998PTC023785	URALIA ENTERTAINMENT PRIVATE LIMITED	Director	30/08/2004	30/08/2004	31/12/2004	Strike off	NO
6	U74999MH2004PTC175698	JSM CORPORATION PRIVATE LIMITED	Managing director	01/10/2011	26/10/2004	-	Active	NO
7	U74140MH2004PTC175689	H R CAFE INDIA PRIVATE LIMITED	Director	22/11/2004	22/11/2004	-	Amalgamated	NO
8	U55209MH2007PTC172238	JSM GGC RESTAURANTS PRIVATE LIMITED	Director	11/07/2007	11/07/2007	-	Amalgamated	NO
9	U55209MH2007PTC172504	JSM RESTAURANTS INDIA PRIVATE LIMITED	Director	19/07/2007	19/07/2007	-	Active	NO
10	U45200DL2008PTC179772	QUBE CORPORATION PRIVATE LIMITED	Director	19/06/2008	19/06/2008	-	Active	NO
11	U29253PN2008FTC143323	Preferred Engineering Private Limited	Director	30/09/2009	05/09/2008	14/03/2011	Active	NO

Name :

Mrs. Roshini Sanah Jaiswal

Designation :

Director

Address :

6, The Greens, Rajokari, New Delhi - 110038, India

Date of Birth/Age :

11.01.1967

Date of Appointment :

30.09.2013

DIN No. :

00887811

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	U74899DL1991PTC046902	S.A. INTERNATIONAL PVT.LTD.	Director	14/08/1996	14/08/1996	30/11/2007	Strike off	NO
2	U51909KA1995PTC018493	K J MULTILATERAL TRADING PRIVATE LIMITED	Director	05/04/1997	05/04/1997	-	Strike off	NO
3	U65921PB1983PTC005280	S J FINANCE AND HOLDINGS PVT LTD	Director	29/09/2003	29/09/2003	30/11/2007	Active	NO
4	U65990DL1983PTC015141	R. J. SHAREHOLDINGS PRIVATE LIMITED	Director	29/09/2003	29/09/2003	30/11/2007	Active	NO
5	U67120DL2002PTC116831	K S J FINANCE AND HOLDINGS PRIVATE LIMITED	Director	30/09/2003	30/09/2003	30/11/2007	Active	NO
6	U92199KA1998PTC023785	URALIA ENTERTAINMENT PRIVATE LIMITED	Director	30/08/2004	30/08/2004	31/12/2004	Strike off	NO
7	U74999MH2004PTC175698	JSM CORPORATION PRIVATE LIMITED	Director	30/09/2013	26/10/2004	-	Active	NO
8	U74140MH2004PTC175689	H R CAFE INDIA PRIVATE LIMITED	Director	22/11/2004	22/11/2004	12/06/2007	Amalgamated	NO
9	U74899DL1944PTC010910	LPJ HOLDINGS PRIVATE LIMITED	Director	17/08/2009	21/03/2005	-	Active	NO
10	L15201PB1973PLC003746	MILK FOOD LTD	Director	25/07/2007	09/06/2006	01/05/2008	Active	NO
11	U45101KA1995PTC017561	NAM HOLDINGS PRIVATE LIMITED.	Director	28/03/2007	28/03/2007	-	Strike off	NO
12	U70100PB2005PTC028891	AYAAN PROPERTIES PRIVATE LIMITED	Director	28/09/2007	13/08/2007	-	Active	NO
13	U45200DL2008PTC179772	QUBE CORPORATION PRIVATE LIMITED	Director	19/06/2008	19/06/2008	-	Active	NO
14	U70109MH2008PTC180213	SAAT RASTA PROPERTIES PRIVATE LIMITED	Director	26/08/2008	26/08/2008	08/09/2008	Active	NO
15	U45400DL2007PTC161362	ISPACE DEVELOPERS PRIVATE LIMITED	Additional director	01/11/2008	01/11/2008	16/01/2009	Active	NO
16	L15520PB1944PLC001970	JAGATJIT INDUSTRIES LIMITED	Additional director	14/08/2014	14/08/2014	30/09/2014	Active	NO
17	U72900DL2013PTC248277	iotaLinks Enterprises Private Limited	Additional director	09/05/2015	09/05/2015	-	Active	NO

Name :

Jimmy Lachmandas Mahtani

Designation :

Director

Address :

1 Chatsworth Road, #22-21, Singapore – 249745

Date of Birth/Age :

27.10.1976

Date of Appointment :

29.09.2007

DIN No. :

00996110

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	U27100DL1999PLC108350	BHUSHAN POWER & STEEL LIMITED	Nominee director	23/05/2012	22/11/2006	-	Active	NO
2	U17111MH1982PLC118017	PRATIBHA SYNTEX LIMITED	Director	30/05/2007	30/05/2007	15/12/2010	Active	NO
3	U74999MH2004PTC175698	JSM CORPORATION PRIVATE LIMITED	Director	29/09/2007	12/06/2007	-	Active	NO
4	L15141MP1985PLC003171	K.S.OILS LIMITED	Director	20/10/2007	22/08/2007	20/05/2011	Active	NO
5	U74140MH2004PTC175689	H R CAFE INDIA PRIVATE LIMITED	Director	29/09/2007	24/08/2007	-	Amalgamated	NO
6	U67120TG1995PLC019877	KARVY STOCK BROKING LIMITED	Director	29/09/2008	23/11/2007	29/06/2010	Active	NO
7	U99999MH1995PLC087498	SHAREKHAN LIMITED	Director	24/09/2008	20/02/2008	-	Active	NO
8	U45200TG1999PTC031431	RITHWIK PROJECTS Private LIMITED	Director	26/03/2008	26/03/2008	23/04/2012	Active	NO
9	U85110KA1996PTC019807	RSP Design Consultants (India) Private Limited	Nominee director	04/08/2008	04/08/2008	-	Active	NO
10	U45203OR1995PLC003982	COASTAL PROJECTS LIMITED	Nominee director	17/09/2010	05/01/2010	01/10/2013	Active	NO
11	U80301DL2010FTC207423	GLOBAL INDIAN SCHOOL EDUCATION SERVICES PRIVATE LIMITED	Nominee director	29/09/2012	25/11/2011	23/04/2015	Active	NO
12	U26940MH1999PTC118229	LAFARGE INDIA PRIVATE LIMITED.	Director	05/09/2013	15/07/2013	-	Active	NO
13	L72900MH1992PLC069662	HEXAWARE TECHNOLOGIES LIMITED	Director	13/12/2013	11/10/2013	-	Active	NO

Name :

Mr. Sanjay Mahtani

Designation :

Managing Director

Address :

No.213, Embassy Woods, 6A Cunningham Road, Banglore – 560052, Karnataka, India

Date of Birth/Age :

07.12.1967

Date of Appointment :

01.10.2011

DIN No. :

01452300

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	U20101KA1995PTC019258	INTERLUX FURNISHERS PRIVATE LIMITED	Director	24/11/1995	24/11/1995	-	Strike off	NO
2	U74999MH2004PTC175698	JSM CORPORATION PRIVATE LIMITED	Managing director	01/10/2011	26/10/2004	-	Active	NO
3	U74140MH2004PTC175689	H R CAFE INDIA PRIVATE LIMITED	Director	22/11/2004	22/11/2004	-	Amalgamated	NO
4	U09219KA2004PTC033943	MAYFAIR ENTERTAINMENT NETWORK PRIVATE LIMITED	Director	26/09/2005	26/09/2005	-	Active	NO
5	U55209MH2007PTC172238	JSM GGC RESTAURANTS PRIVATE LIMITED	Director	29/09/2011	19/04/2011	-	Amalgamated	NO
6	U55209MH2007PTC172504	JSM RESTAURANTS INDIA PRIVATE LIMITED	Director	29/09/2011	20/04/2011	-	Active	NO
7	U74999MH2014PTC253371	Allstar Entertainment Private Limited	Director	18/02/2014	18/02/2014	-	Active	NO
8	AAA-9191	ZENMUNK STUDIOS LLP	Designated Partner	11/05/2012	11/05/2012	-	Active	NO

Name :

Riyadh Kamal Mohamed Daud

Designation :

Nominee Director

Address :

34, Sydney St, London, SW36PP, United Kingdom

Date of Birth/Age :

17.10.1968

Date of Appointment :

01.12.2011

DIN No. :

03256752

Name :

Sami Kamal Mohamed Daud

Designation :

Director

Address :

Abdulhamid Ahmad Qassim Siddiqi Villa 7, DM No (107) 356-14B St Um Saqeem 1^st Post Box 1113, Dubai – 111348, United Arab Emirates

Date of Birth/Age :

17.10.1968

Date of Appointment :

30.09.2013

DIN No. :

03628188

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	U55209MH2007PTC172238	JSM GGC RESTAURANTS PRIVATE LIMITED	Nominee director	15/09/2011	15/09/2011	-	Amalgamated	NO
2	U74999MH2004PTC175698	JSM CORPORATION PRIVATE LIMITED	Director	30/09/2013	16/01/2013	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Dilip Gupta
Designation :	Finance Controller

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2014

Names of Shareholders	No. of Shares
Jayajit Singh	1675914
Roshni Jaiwal	252500
Sanjay Mahtani	1544614
Barkha Mahtani	126250
Lalu Mahtani	257550
Skylight Investments (Mauritius) Limited, Mouritius	397062
Square Meal Investments, Mouritius	487574
Purple Investments Limited, Ebene	51590
Akberali Moawalla	14979
Edelweiss Capital Limited, India	14848
Akshay Nana Chaudasama	19439
Anuradha Jacob	1856
Arjun Khanna	3712
(a) Dhananjay Narendra Mungale and (b) Punit Dhananjay Mungale	5571
(a) Shifalika Bhavanani , (b) Anil Bhavanani, (c) Niren Bhavanani	3712
(a) Anil Bhavanani, (b) Shifalika Bhavanani, (c) Niren Bhavanani	3712
(a) Bhavna Shailesh Dave, (b) Shailesh Dave	3712
Nirvik Singh	3712
Parthiv Kilachand	18178
Nandish Kilachand	18178
Shirish Kishore Sankhe	3688
Corel Traders Private Limited, India	4924
Ravi Balasubramanian	1515
Saarem Limited	62932
PI Opportunities Fund 1, India	943302
Gourmet Gulf International, Maurities	722003
Total	6643027

As on 30.09.2014

Names of Allottees	No. of Shares
PI Opportunities Fund 1	162939
Skylight Investments (Mauritius) Limited	36931
Arjun Khanna	345
Ravi Balasubramanian	141
Bhavna Shailesh Dave Jointly with Shailesh Dave	288
Jayajit Singh	153738
Total	354382

As on 30.09.2014

Category	Percentage
Bodies corporate	40.41
Directors or relatives of Directors	59.59
Total	100.00

BUSINESS DETAILS

Line of Business :

The Subject is engaged into the business of restaurants

Products :

Item Code No. (ITC Code)	Product Description
39234648	Operates Food Courts

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Selling :

Cash and Credit (30/60/90 Days)

Purchasing :

Cash and Credit (30/60/90 Days)

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 :

End Users and OEMs

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 :

500 (Approximately)

Bankers :

Banker Name	HDFC Bank Limited
Branch Address	HDFC Bank House Senapati Bapat Marg, Lower Parel (West), Mumbai – 400013, 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)	Cash and Credit – Rs. 75.000 Million
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

Facilities :

SECURED LOANS	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
LONG TERM BORROWINGS
Rupee term loans from banks	316.682	95.340
Loans taken for vehicles	0.812	1.083
SHORT TERM BORROWINGS
Loans repayable on demand from banks	50.000	0.000
Other loans and advances	102.678	46.373
Total	470.172	142.796

Auditors :
Name :	BBSR and Company Chartered Accountant
Address :	Lodha Excelus, 1^st Floor, Appollo Mills Compound, N. M. Joshi Marg, Mahalaxmi, Mumbai-400011, India
PAN No.:	AAKFB4397F
Memberships :	Not Available
Collaborators :	Not Available
Subsidiary company:	JSM Restaurants India Private Limited

CAPITAL STRUCTURE

After 30.09.2014

Authorised Capital : Rs. 100.000 Million

Issued, Subscribed & Paid-up Capital : Rs. 70.650 Million

As on 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
10000000	Equity shares	Rs. 10/- each	Rs. 100.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
6997409	Equity shares	Rs. 10/- each	Rs. 69.974 Million

As on 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
10000000	Equity shares	Rs. 10/- each	Rs. 100.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
6643027	Equity shares	Rs. 10/- each	Rs. 66.430 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

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	66.430	58.463	58.463
(b) Reserves & Surplus	549.290	544.635	233.315
(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)	615.720	603.098	291.778
(3) Non-Current Liabilities
(a) long-term borrowings	325.579	100.466	97.106
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	7.363	9.285	10.220
(d) long-term provisions	7.057	5.770	3.339
Total Non-current Liabilities (3)	339.999	115.521	110.665
(4) Current Liabilities
(a) Short term borrowings	185.268	88.219	73.063
(b) Trade payables	105.179	42.201	68.123
(c) Other current liabilities	272.141	80.213	91.079
(d) Short-term provisions	11.738	19.462	25.283
Total Current Liabilities (4)	574.326	230.095	257.548
TOTAL	1530.045	948.714	659.991
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	833.628	139.681	186.470
(ii) Intangible Assets	61.728	6.065	10.234
(iii) Capital work-in-progress	24.834	21.490	8.326
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	33.691	90.850	85.772
(c) Deferred tax assets (net)	0.000	41.532	25.129
(d) Long-term Loan and Advances	277.159	110.492	94.044
(e) Other Non-current assets	21.097	2.681	6.575
Total Non-Current Assets	1252.137	412.791	416.550
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	96.776	52.536	69.715
(c) Trade receivables	51.419	27.704	38.582
(d) Cash and cash equivalents	47.424	100.696	31.702
(e) Short-term loans and advances	78.682	352.400	98.198
(f) Other current assets	3.607	2.587	5.244
Total Current Assets	277.908	535.923	243.441
TOTAL	1530.045	948.714	659.991

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES TURNOVER	1700.000 (Approximately)
Less	EXPENSES		NA	NA
	PROFIT/ (LOSS) BEFORE TAX	NA
Less	TAX
	PROFIT/ (LOSS) AFTER TAX	(132.337)	41.619	33.172
	Earnings / (Loss) Per Share (Rs.)	(18.91)	5.95	4.74

Expected Sales (2014-2015) : Rs. 2000.000 Million

The above information has been parted by Mr. Dilip Gpta

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	106.164	42.730	42.499
Cash generated from operations	NA	NA	NA

KEY RATIOS

PARTICULARS	31.03.2014	31.03.2013	31.03.2012
Debt Equity Ratio (Total Liability/Networth)	1.00	0.38	0.73
Current Ratio (Current Asset/Current Liability)	0.48	2.33	0.95

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	58.463	58.463	66.430
Reserves & Surplus	233.315	544.635	549.290
Share Application money pending allotment	0.000	0.000	0.000
Net worth	291.778	603.098	615.720
long-term borrowings	97.106	100.466	325.579
Short term borrowings	73.063	88.219	185.268
Current Maturities of Long Term Debt	42.499	42.730	106.164
Total borrowings	212.668	231.415	617.011
Debt/Equity ratio	0.729	0.384	1.002

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	Yes
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	Yes
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	Yes
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	Yes
35	Negative Reporting by Auditors in the Annual Report	No

NOTE: Registered office of the company has been shifted from D2, Poddar Chambers, Ideal Industrial Estate Senapati Bapat Marg, Lower Parel, Mumbai – 400013, Maharashtra, India to the present address w.e.f. 24.08.2009

UNSECURED LOANS

PARTICULAR	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
LONG TERM BORROWINGS
Fully convertible debentures others	8.085	4.043
SHORT TERM BORROWINGS
Loans and advances from directors	32.009	40.132
Loans and advances from others	0.581	1.714
Total	40.675	45.889

INDEX OF CHARGES

S. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10476361	24/12/2013	75,000,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA	B95822573
2	10450351	18/09/2013	200,000,000.00	KOTAK MAHINDRA BANK LIMITED	36-38A, NARIMAN BHAVAN, 227, D, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA	B85491033
3	10274600	28/08/2012 *	175,000,000.00	YES BANK LIMITED	9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR.  ANNIE BESANT ROAD, WORLI, MUMBAI, MAHARASHTRA - 400018, INDIA	B56661994
4	10167917	23/01/2015 *	319,400,000.00	YES BANK LIMITED	9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR.  ANNIE BESANT ROAD, WORLI, MUMBAI, MAHARASHTRA - 400018, INDIA	C48540736
5	10110753	31/03/2010 *	115,000,000.00	YES BANK LIMITED	9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR.  ANNIE BESANT ROAD, WORLI, MUMBAI, MAHARASHTRA - 400018, INDIA	A84075035

* Date of charge modification

FIXED ASSETS

• Plant and equipment
• Furniture and fixtures
• Vehicles
• Motor vehicles
• Office equipment
• Computer equipments
• Leasehold improvements

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. 64.09
UK Pound	1	Rs. 99.57
Euro	1	Rs. 71.84

INFORMATION DETAILS

Information Gathered by :	PPT
Analysis Done by :	KAR
Report Prepared by :	TRU

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	--
--LIQUIDITY	1~10	4
--LEVERAGE	1~10	4
--RESERVES	1~10	4
--CREDIT LINES	1~10	4
--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		32

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.