MIRA INFORM REPORT

Report No. :	328497
Report Date :	24.06.2015

IDENTIFICATION DETAILS

Name :	AJMERA REALTY AND INFRA INDIA LIMITED
Registered Office :	2^nd Floor, Citi Mall, Link Road, Andheri (West), Mumbai – 400053, Maharashtra
Tel. No.:	91-22-66984000
Country :	India
Financials (as on) :	31.03.2015
Date of Incorporation :	18.03.1985
Com. Reg. No.:	11-035659
Capital Investment / Paid-up Capital :	Rs. 354.800 Million
CIN No.: [Company Identification No.]	L27104MH1985PLC035659
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	MUMS39563G
PAN No.: [Permanent Account No.]	AAACS7866F
Legal Form :	A Public Limited Liability Company. The Company’s Shares are Listed on the Stock Exchanges.
Line of Business :	Real Estate business (Residential and Commercial both)
No. of Employees :	450 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (53)

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

Maximum Credit Limit :	USD 10000000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is a well-established company having fine track record. Subject was incorporated in 1985. It is a part of the Ajmera group, one of the leading property developers, having presence in industries lie cement, steel, construction, hotels, textiles etc. Rating takes into consideration strong liquidity position backed by healthy net worth base and healthy net profit margin. Rating also takes into consideration Ajmera Group’s established brand and strong market position in the real estate market of India Subject has strong managerial and financial support from group. Trade relations are fair. Business is active. Payment terms are reported to be regular and as per commitment. In the view of extensive experience of promoters and management, the subject 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.

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

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) 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

Name :	Mr. Chandrashekhar
Designation :	Account and Finance Manager
Contact No.:	91-22-66984000
Date :	20.06.2015

LOCATIONS

Registered Office :	2^nd Floor, Citi Mall, Link Road, Andheri (West), Mumbai – 400053, Maharashtra, India
Tel. No.:	91-22-66984000
Fax No.:	Not Available
E-Mail :	chandrashekhar@ahmera.com
Website :	http://www.ajmera.com
Location :	Owned
Locality:	Commercial
Overseas Office :	211, India Trade and Exhibition Centre M.E., P.O. Box 66301, Sharjah, United Arab Emirates
Tel. No.:	971-6-5939590
Fax No.:	971-6-5939591
Site Offices :	Located at: · Wadala, Mumbai · Borivali, Mumbai · Kalyan · Mumbai · Pune · Bangalore · Gujarat

DIRECTORS

AS ON 31.03.2014

Name :

Mr. Ishwarlal S. Ajmera

Designation :

Chairman Emeritus

Name :

Mr. Rajnikant S. Ajmera

Designation :

Managing Director

Date of Appointment:

01.08.2014

DIN No.:

00010833

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	U29306MH1972PTC015779	BOMBAY FREEZCO PRIVATE LIMITED	Director	02-04-1979	02-04-1979	28-03-2014	Active	NO
2	U26941GJ1981PTC006651	AJMERA CEMENTS PRIVATE LIMITED	Director	29-10-1981	29-10-1981	-	Active	NO
3	U70100GJ1981PTC072817	RAJKOT HOTEL PRIVATE LIMITED	Director	23-02-1982	23-02-1982	01-08-2009	Active	NO
4	L27104MH1985PLC035659	AJMERA REALTY & INFRA INDIA LIMITED	Managing director	01-08-2014	06-10-1986	-	Active	NO
5	U45201GJ1981PTC004894	YOGINAGAR VASAHAT PRIVATE LIMITED	Director	04-05-1988	04-05-1988	-	Under Process of Striking off	NO
6	U27105MH1991PLC063063	AJMERA STEEL STRIPS LIMITED	Director	23-08-1991	23-08-1991	-	Active	NO
7	U65990MH1982PTC028156	KUNNUJ INVESTMENTS PRIVATE LIMITED	Director	01-11-1993	01-11-1993	-	Strike off	NO
8	U45201GJ1960PLC000941	SHREE RAM ESTATE LIMITED	Director	02-11-1993	02-11-1993	-	Active	NO
9	U45200MH1988PTC048415	AG ESTATES PRIVATE LIMITED	Director	31-05-1994	31-05-1994	-	Active	NO
10	U92199GJ1991PLC015090	GUJARAT FUNWORLD LIMITED	Director	30-06-2009	14-07-1994	-	Active	NO
11	U27109DL1991NPL042878	COLD ROLLED STEEL MANUFACTURERS ASSOCIATION OF INDIA	Director	16-09-1995	16-09-1995	25-09-2009	Active	NO
12	U45200MH2004PTC149113	NILKANTH TECH PARK PRIVATE LIMITED	Director	14-10-2004	14-10-2004	-	Active	NO
13	U30007MH2003PTC231067	JOLLY BROTHERS PRIVATE LIMITED	Director	09-01-2006	09-01-2006	-	Active	NO
14	U45201MH2006PTC166040	ANIK DEVELOPMENT CORPORATION PRIVATE LIMITED	Director	06-12-2006	06-12-2006	-	Amalgamated	NO
15	U24239MH1960PTC011744	SEAMLESS CAPSULES PRIVATE LIMITED	Director	30-01-2007	30-01-2007	-	Active	NO
16	U91110DL1999NPL247248	CONFEDERATION OF REAL ESTATE DEVELOPERS' ASSOCIATIONS OF INDIA	Director	01-04-2007	01-04-2007	31-03-2009	Active	NO
17	U40300MH2007PLC171581	AJMERA BIOFUEL LIMITED	Director	12-06-2007	12-06-2007	-	Active	NO
18	U70101MH2007PTC174222	AJMERA BUILDERS (BANGLORE) PRIVATE LIMITED	Director	17-09-2007	17-09-2007	-	Active	NO
19	U70100MH2007PTC174200	AJMERA ESTATES (KARNATAKA) PRIVATE LIMITED	Director	17-09-2007	17-09-2007	-	Active	NO
20	L70109MH2007PLC174206	SHREE PRECOATED STEELS LIMITED	Managing director	01-05-2009	17-09-2007	24-04-2012	Active	NO
21	U70102MH2008PTC184586	AJMERA REALCON PRIVATE LIMITED	Director	11-07-2008	11-07-2008	-	Active	NO
22	U70102MH2008PTC184585	AJMERA CITI DEVELOPERS PRIVATE LIMITED	Director	11-07-2008	11-07-2008	-	Active	NO
23	U45209PN2008PTC132553	AJMERA SYNERGY HOUSING SCHEMES PRIVATE LIMITED	Director	04-08-2008	04-08-2008	-	Under Process of Striking off	NO
24	U45203MH2008PTC185998	AJMERA REALTY VENTURES PRIVATE LIMITED	Director	20-08-2008	20-08-2008	-	Active	NO
25	U70102MH2007PTC167774	ULTRA TECH PROPERTY DEVELOPERS PRIVATE LIMITED	Director	19-01-2010	19-01-2010	12-03-2010	Active	NO
26	U70101GJ2010PTC062989	V.M. PROCON PRIVATE LIMITED	Director	23-02-2011	23-02-2011	25-05-2012	Active	NO
27	U70100MH1996PTC098547	TROIKA ESTATES PRIVATE LIMITED	Additional director	18-10-2011	18-10-2011	-	Active	NO
28	U45400MH2013PTC243647	SHREE YOGI REALCON PRIVATE LIMITED	Director	27-05-2013	27-05-2013	-	Active	NO
29	AAA-2788	LAUDABLE INFRASTRUCTURE LLP	Designated Partner	15-11-2010	15-11-2010	-	Active	NO
30	AAA-2790	SHRI SHASTRI DEVELOPERS LLP	Designated Partner	15-11-2010	15-11-2010	11-05-2013	Active	NO
31	AAA-2791	OFFBEAT TECH PARK LLP	Designated Partner	15-11-2010	15-11-2010	-	Active	NO
32	AAA-4005	SANA BUILDPRO LLP	Body corporate as Designated Partner	07-03-2011	07-03-2011	-	Active	NO
33	AAB-8475	SANA BUILDING PRODUCTS LLP	Body corporate as Designated Partner	29-10-2013	29-10-2013	-	Active	NO

Name :

Mr. Manoj I. Ajmera

Designation :

Managing Director

Date of Birth/Age :

31.05.1962

Qualification :

Graduate

Experience :

Industrialist having 25 years over all experience in various fields.

Date of Appointment:

24.04.2012

DIN No.:

00013728

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	U65990MH1981PTC024202	PRABHAG INVESTMENTS PRIVATE LIMITED	Director	01-11-1993	01-11-1993	-	Strike off	NO
2	U52392MH2000PTC128372	KAPS INFRASTRUCTURE PRIVATE LIMITED	Director	01-06-2006	01-06-2006	-	Active	NO
3	U70102MH2007PTC167774	ULTRA TECH PROPERTY DEVELOPERS PRIVATE LIMITED	Director	19-01-2010	19-01-2010	30-09-2014	Active	NO
4	U70100MH1996PTC098547	TROIKA ESTATES PRIVATE LIMITED	Additional director	18-10-2011	18-10-2011	-	Active	NO
5	U40103MH2008PTC185771	COMET POWER PRIVATE LIMITED	Director	08-12-2011	08-12-2011	-	Active	NO
6	U92410MH1986PTC040676	FAHRENHEIT FUN AND GAMES PRIVATE LIMITED	Additional director	19-03-2012	19-03-2012	-	Active	NO
7	L27104MH1985PLC035659	AJMERA REALTY & INFRA INDIA LIMITED	Managing director	24-04-2012	24-04-2012	-	Active	NO
8	U45200MH1988PTC048415	AG ESTATES PRIVATE LIMITED	Director	22-08-2012	22-08-2012	-	Active	NO
9	U30007MH2003PTC231067	JOLLY BROTHERS PRIVATE LIMITED	Additional director	31-12-2012	31-12-2012	-	Active	NO
10	U92143MH2013NPL240265	i-Land Sports Academy	Director	07-02-2013	07-02-2013	-	Active	NO
11	U45203MH2008PTC185998	AJMERA REALTY VENTURES PRIVATE LIMITED	Director	06-05-2013	06-05-2013	-	Active	NO
12	U45400MH2013PTC243647	SHREE YOGI REALCON PRIVATE LIMITED	Director	27-05-2013	27-05-2013	-	Active	NO
13	U70102MH1991PTC059982	AMISHA BUILDCON PRIVATE LIMITED	Director	23-09-2013	28-08-2013	-	Active	NO
14	U45400MH2014PTC254868	AJMERA HABITAT PRIVATE LIMITED	Director	24-03-2014	24-03-2014	-	Active	NO
15	U70100MH2007PTC174200	AJMERA ESTATES (KARNATAKA) PRIVATE LIMITED	Director	25-03-2014	25-03-2014	-	Active	NO
16	U70102MH2008PTC184586	AJMERA REALCON PRIVATE LIMITED	Director	14-08-2014	14-08-2014	-	Active	NO
17	U70102MH2008PTC184585	AJMERA CITI DEVELOPERS PRIVATE LIMITED	Director	25-03-2015	25-03-2015	-	Active	NO
18	U15400MH2015PTC261570	MANAS AJMERA NUTRIENTS AGRO SERVICES PRIVATE LIMITED	Director	21-05-2015	21-05-2015	-	Active	NO
19	AAA-4005	SANA BUILDPRO LLP	Designated Partner	07-03-2011	07-03-2011	-	Active	NO
20	AAB-0867	I-SPORTS AND RECREATION LLP	Designated Partner	27-08-2012	27-08-2012	-	Active	NO
21	AAA-5077	SUMEDHA SPACELINKS LLP	Body corporate as Designated Partner	25-06-2013	25-06-2013	-	Active	NO
22	AAB-8475	SANA BUILDING PRODUCTS LLP	Designated Partner	29-10-2013	29-10-2013	-	Active	NO
23	AAA-2790	SHRI SHASTRI DEVELOPERS LLP	Designated Partner	11-05-2013	11-05-2013	-	Active	NO
24	AAC-8244	VASUDEV COMMERCE LLP	Designated Partner	17-10-2014	17-10-2014	-	Active	NO
25	AAC-9134	PROVINCIAL ESTATES LLP	Designated Partner	13-11-2014	13-11-2014	-	Active	NO
26	AAD-0203	AJMERA LOGISTICS LLP	Designated Partner	05-12-2014	05-12-2014	-	Active	NO
27	AAD-0886	GOPINATH DEVELOPERS LLP	Designated Partner	22-12-2014	22-12-2014	-	Active	NO

Name :

Mr. Sanjay C. Ajmera

Designation :

Whole-time Director

Date of Appointment :

24.04.2012

DIN No.:

00012496

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	U65990MH1982PTC026094	RUSHABH INVESTMENT PRIVATE LIMITED	Director	30-06-1993	30-06-1993	-	Active	NO
2	U65990MH1982PTC028925	ANUMAL INVESTMENTS PRIVATE LIMITED	Director	01-11-1993	01-11-1993	-	Strike off	NO
3	U24223MH2005PTC153547	RUSH INK AND CONSUMABLE PRIVATE LIMITED	Director	27-05-2005	27-05-2005	-	Active	NO
4	U31101PN2012PTC142420	SWATANTRA POWER PRIVATE LIMITED	Director	29-02-2012	29-02-2012	-	Active	NO
5	U92410MH1986PTC040676	FAHRENHEIT FUN AND GAMES PRIVATE LIMITED	Additional director	19-03-2012	19-03-2012	29-03-2014	Active	NO
6	L70109MH2007PLC174206	SHREE PRECOATED STEELS LIMITED	Managing director	24-04-2012	24-04-2012	-	Active	NO
7	L27104MH1985PLC035659	AJMERA REALTY AND INFRA INDIA LIMITED	Whole-time director	24-04-2012	24-04-2012	-	Active	NO
8	U92199GJ1991PLC015090	GUJARAT FUNWORLD LIMITED	Director	11-06-2012	11-06-2012	-	Active	NO
9	U30007MH2003PTC231067	JOLLY BROTHERS PRIVATE LIMITED	Additional director	31-12-2012	31-12-2012	-	Active	NO
10	U45400MH2013PTC243647	SHREE YOGI REALCON PRIVATE LIMITED	Director	27-05-2013	27-05-2013	-	Active	NO
11	U93000PN2013PTC148468	ORBIT MEDIA TRADE PRIVATE LIMITED	Director	10-02-2014	10-02-2014	-	Active	NO
12	U70100MH2007PTC174200	AJMERA ESTATES (KARNATAKA) PRIVATE LIMITED	Director	25-03-2014	25-03-2014	-	Active	NO
13	U65910MH1984PLC033488	PRUDENTIAL LEASING LIMITED	Director	02-02-2015	02-02-2015	-	Active	NO
14	U65990MH1982PTC026956	SANKALPA HOLDINGS PRIVATE LIMITED	Director	05-02-2015	05-02-2015	-	Active	NO
15	U31908PN2015PTC153991	NEELKANTH URJA PRIVATE LIMITED	Director	10-02-2015	10-02-2015	-	Active	NO
16	U31908PN2015PTC154027	NIRDOSH POWER PRIVATE LIMITED	Director	12-02-2015	12-02-2015	-	Active	NO
17	U31908PN2015PTC154009	SWATANTRA URJA PRIVATE LIMITED	Director	12-02-2015	12-02-2015	-	Active	NO
18	AAA-9003	ANIRDESH DEVELOPERS LLP	Designated Partner	27-04-2012	27-04-2012	-	Active	NO
19	AAB-6745	SWATANTRA MINES AND MINERALS LLP	Designated Partner	26-07-2013	26-07-2013	-	Active	NO
20	AAB-6794	SWATANTRA REALTY AND INFRA LLP	Designated Partner	30-07-2013	30-07-2013	-	Active	NO
21	AAD-0070	EDUCLOUD INFOTECH LIMITED LIABILITY PARTNERSHIP	Designated Partner	03-12-2014	03-12-2014	-	Active	NO
22	AAD-6597	S.C.AJMERA VENTURES LLP	Designated Partner	29-03-2015	29-03-2015	-	Active	NO
23	AAE-0545	HARIKRISHNA BUSINESS AND INVENTIONS LLP	Designated Partner	29-05-2015	29-05-2015	-	Active	NO

Name :

Mr. Jagdish J. Doshi

Designation :

Director

DIN No.:

00065162

Date of Appointment:

20.01.1992

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	L27104MH1985PLC035659	AJMERA REALTY & INFRA INDIA LIMITED	Director	20-01-1992	20-01-1992	-	Active	NO
2	U27101MH1995PLC085439	SUPER AND STAINLESS HI-ALLOYS LIMITED	Managing director	01-10-2012	09-02-1995	-	Active	NO
3	U63000MH1997PLC106815	FOUR SEASONS MARINE AND AIR SERVICES LIMITED	Director	01-07-1999	01-07-1999	-	Active	NO
4	U27100MH1987PTC043591	CO-NICK ALLOYS (INDIA) PRIVATE LTD	Director	02-05-2007	02-05-2007	-	Active	NO
5	U80904MH1991PTC060728	CLARIUM EDUCATION SERVICES PRIVATE LIMITED	Director	14-05-2007	14-05-2007	04-06-2015	Active	NO
6	L70109MH2007PLC174206	SHREE PRECOATED STEELS LIMITED	Director	30-01-2010	30-04-2009	-	Active	NO

Name :

Mr. Ambalal C. Patel

Designation :

Director

Date of Birth/Age :

01.04.1944

Qualification :

Bachelor of Engineering (Metallurgy)

Expertise in specific functional area :

Over all 37 years’ experience in Metallurgy and Management

Date of Appointment :

07.12.2006

DIN No.:

00037870

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	L27104GJ1972PLC002153	PANCHMAHAL STEEL LTD	Nominee director	30-01-2004	30-01-2004	25-10-2008	Active	NO
2	L18119GJ1984PLC006922	JINDAL HOTELS LIMITED	Director	22-07-2004	22-07-2004	-	Active	NO
3	L29199GJ2003PLC043148	S A L STEEL LIMITED	Director	05-08-2004	05-08-2004	-	Active	NO
4	L27100GJ1977PLC002619	VISHAL MALLEABLES LIMITED	Director	30-07-2005	30-07-2005	14-11-2014	Active	NO
5	L65923GJ1994PLC021479	SUMERU INDUSTRIES LIMITED	Director	12-09-2005	12-09-2005	-	Active	NO
6	U21010GJ1995PTC026358	SHREE GAJANAN PAPER AND BOARDS PTIVATE LIMITED	Director	27-09-2005	27-09-2005	01-03-2011	Active	NO
7	L99999GJ1992PLC018626	LAFFANS PETROCHEMICALS LIMITED	Director	28-10-2005	28-10-2005	01-07-2014	Active	NO
8	L74140GJ1995PLC024524	CIRCUIT SYSTEMS (INDIA) LIMITED	Director	05-12-2005	05-12-2005	14-07-2014	Active	NO
9	L27104MH1985PLC035659	AJMERA REALTY & INFRA INDIA LIMITED	Director	07-12-2006	07-12-2006	-	Active	NO
10	U85110GJ1990PTC013725	KARNAVATI HOSPITAL PTIVATE LIMITED	Director	29-09-2007	08-12-2006	-	Active	NO
11	U17110GJ1988PLC010634	CHIRIPAL INDUSTRIES LIMITED	Director	29-09-2007	22-12-2006	-	Active	NO
12	L51909GJ1994PLC022719	NANDAN DENIM LIMITED	Director	29-09-2007	21-02-2007	-	Active	NO
13	L51900MH1985PLC036271	SPECTACLE VENTURES LIMITED	Additional director	27-04-2009	27-04-2009	05-09-2009	Active	NO
14	L70109MH2007PLC174206	SHREE PRECOATED STEELS LIMITED	Director	30-01-2010	30-04-2009	-	Active	NO
15	L17111GJ2003PLC043354	CIL NOVA PETROCHEMICALS LIMITED	Director	23-09-2010	05-10-2009	-	Active	NO

Name :

Sri Jitendra Anandapara

Designation :

Director

Name :

Smt. Aarti Ramani

Designation :

DIrector

Date of Appointment :

12.08.2014

DIN No.:

06941013

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	L70109MH2007PLC174206	SHREE PRECOATED STEELS LIMITED	Additional director	12-08-2014	12-08-2014	-	Active	NO
2	L27104MH1985PLC035659	AJMERA REALTY AND INFRA INDIA LIMITED	Director	12-08-2014	12-08-2014	-	Active	NO

KEY EXECUTIVES

Name :	Ms. Harshini D. Ajmera
Designation :	Compliance Officer and Company Secretary
Name :	Mr. Chandrashekhar
Designation :	Account and Finance Manager

SHAREHOLDING PATTERN

AS ON 31.03.2015

Category of Shareholder	Total No. of Shares	Total Shareholding as a % of Total No. of Shares
		As a % of (A+B+C)
(A) Shareholding of Promoter and Promoter Group
(1) Indian
Individuals / Hindu Undivided Family	18856174	53.14
Bodies Corporate	3445672	9.71
Sub Total	22301846	62.85
(2) Foreign
Total shareholding of Promoter and Promoter Group (A)	22301846	62.85
(B) Public Shareholding
(1) Institutions
Mutual Funds / UTI	216	0.00
Financial Institutions / Banks	33	0.00
Sub Total	249	0.00
(2) Non-Institutions
Bodies Corporate	1627879	4.59
Individuals
Individual shareholders holding nominal share capital up to Rs. 0.100 Million	2291029	6.46
Individual shareholders holding nominal share capital in excess of Rs. 0.100 Million	7855609	22.14
Any Others (Specify)	1408263	3.97
Clearing Members	376507	1.06
Non Resident Indians	1031756	2.91
Sub Total	13182780	37.15
Total Public shareholding (B)	13183029	37.15
Total (A)+(B)	35484875	100.00
(C) Shares held by Custodians and against which Depository Receipts have been issued	0	0.00
(1) Promoter and Promoter Group	0	0.00
(2) Public	0	0.00
Sub Total	0	0.00
Total (A)+(B)+(C)	35484875	100.00

BUSINESS DETAILS

Line of Business :	Real Estate business (Residential and Commercial both)
Products :	Not Available
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Divulged
Imports :	Not Divulged
Terms :	Not Divulged
Selling :	Advance, Cheque and Credit
Purchasing :	Advance, Cheque and Credit

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
Maximum Limit Dealt :	Not Divulged
Experience :	Not Divulged
Remark:	Not Divulged

Customers :

Reference :	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 :

450 (Approximately)

Bankers :

• ICICI Bank Limited, Andheri (West), Mumbai, Maharashtra, India

Banker Name	HDFC Bank Limited
Branch Address	Varsova Branch, Andheri, Mumbai, 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 31.03.2015	As on 31.03.2014
LONG TERM BORROWING
Indian rupee loans from Banks	NA	101.581
From Financial Institutions	NA	1777.450
Total	NA	1879.031

Notes:

Particulars of Secured Loans	Rate of Interest	Security
Term Loan From Banks
Axis Bank Limited	12.00 -12.50%	Vehicle
ICICI Bank Limited	09.00 - 9.50%	Vehicle
ICICI Bank Limited	14.25 -15.00%	Constructed Flats
Axis Bank Limited	09.00 - 9.50%	Vehicle
HDFC Bank Limited	15.00 -16.00%	Vehicle
Financial Institutions
HDFC Limited	15.00 - 16.00%	Constructed Flats
HDFC Limited	15.00 - 16.00%	Constructed Flats
Kotak Mahindra Prime Limited	13.50 - 14.00%	Vehicle
Kotak Mahindra Prime Limited	17.00 - 17.50%	Vehicle
Kotak Mahindra Prime Limited	14.00 - 14.50%	Vehicle
Tata Capital Limited	13.00 - 13.50%	Vehicle
Kotak Mahindra Prime Limited	12.00 - 12.50%	Vehicle
Term Loan from HDFC Limited and ICICI Bank Limited is secured by exclusive charge by way of registered mortgage on land bearing located at Bhakti park and building constructed thereon and against receivables of this Project, Guarantee of Personal Gurarantee of Shri Rajnikant Ajmera, & Shri Bandish Ajmera

Financial Institutions :	· Kotak Mahindra Prime Limited · Tata Capital Limited
Auditors :
Name :	V. Parekh and Associates Chartered Accountants
Address :	37, Hamam Street,2^nd Floor, Fort, Mumbai - 400001, Maharashtra, India
Memberships :	Not Available
Collaborators :	Not Available
Subsidiaries : (AS ON 31.03.2014)	· Jolly Brothers Private limited · Ajmera Estate Karnataka Private Limited · Ajmera Mayfair Global W.L.L · Ajmera Biofuel Limited · Ajmera Realty Ventures Private Limited
Limited Liability Partnership : (AS ON 31.03.2014)	· Sana Buildpro LLP · Laudable Infrastructure LLP
Associates and joint Ventures : (AS ON 31.03.2014)	· Ultratech Property Developers Private limited · A.G. Estate Private Limited · Ajmera Cement Private Limited · Ajmera Citi Developers Private Limited · Ajmera Housing Corporation · Ajmera Housing Corporation Banglore · Ajmera Realcon Private Limited · Ajmera Bora Associates · Ajmera Water N Amusement Park Private Limited · Bombay Freezco Private Limited · Four Brothers · V.M. Procon Private limited · Nilkanth Tech Park Private Limited · Pramukh Development Corporation · Sankalp Holdings Private Limited · Shree Precoated Steel Limited · Vijay Nagar Corporation · Yogi Nagar Vasahat Private Limited · Rushab Investments Private limited

CAPITAL STRUCTURE

AS ON 31.03.2015

Authorised Capital : Not Available

Issued, Subscribed & Paid-up Capital : Rs. 354.800 Million

AS ON 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
150000000	Equity Shares	Rs.10/- each	Rs. 1500.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
35484875	Equity Shares	Rs.10/- each	Rs. 354.849 Million

a) Reconciliation of shares outstanding at the beginning and at the end of the reporting period

Equity shares	No. of Shares	Rs. In Million
At the beginning of the year	35,484,875	354.849
Issued during the year - Bonus	-	-
Issued during the year - ESOP	-	-
Outstanding at the end of the year	35,484,875	354.849

b) Term/rights attached to equity shares

The Company has only one class of equity shares having a par value of Rs. 10 per share. Each holder of equity share is entitled to one vote per share. The Company declares and pays dividends in Indian rupees. The dividend proposed by the Board of directors is subject to the approval of the shareholders in the ensuing Annual General Meeting. During the year ended 31st March, 2014, the amount of per share dividend recognised as distributions to equity shareholders was Rs. 1.50 per share (Previous year Rs. 1.50 per share).

c) Aggregate numbers of bonus shares issued, share issued for consideration other than cash and shares brought back during the period of five years immediately preceding the reporting date:

For the period of five years starting from preceding date	Shares issued for Consideration Other Than Cash No. of Shares
Year 2013-2014	NIL
Year 2012-2013	NIL
Year 2011-2012	NIL
Year 2010-2011	NIL
Year 2010-2011	NIL
Year 2009-2010	NIL

d) Details of shareholders holding more than 5% shares in the company

Equity shares of Rs. 10 each fully paid	No. of Shares	%
Ajmera Water N Amusement Park Private Limited	2,499,999	7.05

As per of the company, including its register of shareholders/members and other declarations received from shareholders regarding beneficial interest, the above shareholding represents both legal and beneficial ownerships of shares.

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2015	31.03.2014	31.03.2013
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	354.800	354.849	354.849
(b) Reserves & Surplus	3347.400	3125.595	3117.564
(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)	3702.200	3480.444	3472.413
(3) Non-Current Liabilities
(a) long-term borrowings	2139.700	1879.032	1539.352
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	2968.800	2245.572	1507.303
(d) long-term provisions	16.500	16.520	10.955
Total Non-current Liabilities (3)	5125.000	4141.124	3057.610
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	212.900	169.956	100.376
(c) Other current liabilities	65.100	63.950	101.585
(d) Short-term provisions	15.400	57.880	58.929
Total Current Liabilities (4)	293.400	291.786	260.890
TOTAL	9120.600	7913.354	6790.913
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	119.800	118.396	109.157
(ii) Intangible Assets	0.000	2.992	3.790
(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	919.700	919.582	920.582
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	0.000	2832.050	2717.531
(e) Other Non-current assets	3485.900	0.000	0.000
Total Non-Current Assets	4525.400	3873.020	3751.060
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	4082.900	3598.296	2672.856
(c) Trade receivables	151.600	35.128	49.896
(d) Cash and cash equivalents	45.600	135.131	143.309
(e) Short-term loans and advances	315.100	271.779	173.792
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	4595.200	4040.334	3039.853
TOTAL	9120.600	7913.354	6790.913

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2015	31.03.2014	31.03.2013
	SALES
	Income	1364.400	3.000	62.047
	Other Income	74.800	76.708	68.875
	TOTAL (A)	1439.200	79.708	130.922
Less	EXPENSES
	Construction Expenses	829.700	0.351	1.942
	Employees benefits expense	146.800	1.734	1.706
	TOTAL (B)	976.500	2.085	3.648
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	462.700	77.623	127.274
Less	FINANCIAL EXPENSES (D)	174.700	0.000	0.000
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	288.000	77.623	127.274
Less/ Add	DEPRECIATION/ AMORTISATION (F)	23.200	11.975	11.782
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	264.800	65.648	115.492
Less	TAX (H)	42.900	4.266	13.033
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)	221.900	61.382	102.459
	Earnings / (Loss) Per Share (Rs.)	62.50	17.30	28.90

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2015	31.03.2014	31.03.2013
Current Maturities of Long term debt	8.487	14.051	1.987
Cash generated from operations	(759.820)	(177.778)	(216.309)

KEY RATIOS

PARTICULARS		31.03.2015	31.03.2014	31.03.2013
Net Profit Margin (PAT / Sales)	(%)	16.26	2046.07	165.13
Operating Profit Margin (PBIDT/Sales)	(%)	33.91	2587.43	205.13
Return on Total Assets (PBT/Total Assets}	(%)	3.23	0.94	1.97
Return on Investment (ROI) (PBT/Networth)		0.07	0.02	0.03
Debt Equity Ratio (Total Debt /Networth)		0.58	0.54	0.44
Current Ratio (Current Asset/Current Liability)		15.66	13.85	11.65

STOCK PRICES

Face Value	Rs.10.00/-
Market Value	Rs.143.80/-

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	354.849	354.849	354.800
Reserves & Surplus	3117.564	3125.595	3347.400
Net worth	3472.413	3480.444	3702.200
long-term borrowings	1539.352	1879.032	2139.700
Short term borrowings	0.000	0.000	0.000
Current maturities of long-term debts	1.987	14.051	8.487
Total borrowings	1541.339	1893.083	2148.187
Debt/Equity ratio	0.444	0.544	0.580

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	62.047	3.000	1364.400
		(95.165)	45,380.000

NET PROFIT MARGIN

Net Profit Margin	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	62.047	3.000	1364.400
Profit	102.459	61.382	221.900
	165.13%	2046.07%	16.26%

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

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10494922	21/03/2014	2,500,000,000.00	ICICI BANK LIMITED	LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA	C03545159
2	10420094	04/03/2015 *	3,000,000,000.00	HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED	RAMON HOUSE 169BACKBAY RECLAMATION, H T PAREKH MARG, MUMBAI, MAHARASHTRA - 400020, INDIA	C45646791
3	10354263	15/07/2014 *	1,000,000,000.00	HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED	RAMON HOUSE 169BACKBAY RECLAMATION, H T PAREKH MARG, MUMBAI, MAHARASHTRA - 400020, INDIA	C17574716
4	10344953	09/03/2012	40,000,000.00	KOTAK MAHINDRA BANK LIMITED	36-38A, NARIMAN BHAVAN, 227,D,, NARIMAN POINT,, MUMBAI, MAHARASHTRA - 400021, INDIA	B36049955

* Date of charge modification

FIXED ASSETS

Tangible Assets

· Plant and Equipment

· Furniture and Fixtures

· Vehicles

· Office equipment

· Computer Hardware

Intangible Assets

· Computer software

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.63.64
UK Pound	1	Rs.100.41
Euro	1	Rs.71.63

INFORMATION DETAILS

Information Gathered by :	SUV
Analysis Done by :	SAN
Report Prepared by :	GTA

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION		0
--BUSINESS SCALE	1~10	6
--PROFITABILITY	1~10	6
--LIQUIDITY	1~10	6
--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	YES
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		53

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.