MIRA INFORM REPORT

Report No. :	328835
Report Date :	24.06.2015

IDENTIFICATION DETAILS

Name :	APOLLO LOGISOLUTIONS LIMITED (w.e.f. 07.09.2008)
Formerly Known As :	SEAPORT CONTAINER TERMINAL LIMITED (w.e.f. 05.10.2007) SEAPORT CONTAINER TERMINAL PRIVATE LIMITED
Registered Office :	Office No. 303, Third Floor, DLF Courtyard, Saket, New Delhi – 110017
Tel. No.:	91-2143-262001
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	20.02.1989
Com. Reg. No.:	55-174286
Capital Investment / Paid-up Capital :	Rs. 124.858 Million
CIN No.: [Company Identification No.]	U63020DL1989PLC174286
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	Not Available
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Subject is engaged in the business of handling export and import cargo, refrigerated cargo, etc. and also engaged in service such as warehousing, stuffing and de-stuffing, carting services etc.
No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

Ba (50)

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

Maximum Credit Limit :	USD 4500000
Status :	Satisfactory
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is a fully owned subsidiary of Apollo International Limited (AIL). It is a well-established private limited company incorporated in the year 1989, having satisfactory track. Rating takes into consideration company’s healthy financial risk profile marked by low gearing and healthy profit margin. Company has reported increase in the sales turnover and profit in FY 14. Trade relations are fair. Business is active. Payment terms are regular and as per commitments. In a view of strong financial condition, the company can be considered for business dealings with 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	CARE
Rating	Long Term Bank Facilities = BBB
Rating Explanation	Moderate degree of safety and moderate credit risk
Date	January 27, 2015.

Rating Agency Name	CARE
Rating	Short Term Bank Facilities = A3+
Rating Explanation	Moderate degree of safety and higher credit risk
Date	January 27, 2015

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAILTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2013.

INFORMATION DENIED

Management non co-operative (Tel. No.: 91-2143-262001)

LOCATIONS

Registered Office :	Office No. 303, Third Floor, DLF Courtyard, Saket, New Delhi – 110017, India
Tel. No.:	91-2143-262001
Fax No.:	Not Available
E-Mail :	secretarialggn@gmail.com

DIRECTORS

AS ON 29.08.2014

Name :

Onkar S Kanwar

Designation :

Director

Address :

3/3, Shanti Niketan, New Delhi – 110021, India

Date of Birth/Age :

01.03.1942

Date of Appointment :

24.09.2012

PAN No.:

00058921

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	L25111KL1972PLC002449	APOLLO TYRES LIMITED.	Managing director	01/02/2013	03/06/1982	-	Active	NO
2	U45309KL1961SGC001937	KERALA STATE INDUSTRIAL DEVELOPMENT CORPN LTD	Director	25/05/2012	30/11/1994	22/01/2015	Active	NO
3	L25111KL1959PLC009300	PTL ENTERPRISES LIMITED	Director	17/04/1995	17/04/1995	-	Active	NO
4	U25111KL2005PLC018457	APOLLO AUTOMOTIVE TYRES LIMITED	Director	21/07/2005	21/07/2005	21/12/2007	Strike off	NO
5	U25111KL2005PLC018458	APOLLO RADIAL TYRES LIMITED	Director	21/07/2005	21/07/2005	21/12/2007	Strike off	NO
6	U74899DL1994PLC061080	APOLLO INTERNATIONAL LIMITED	Director	27/06/2006	27/06/2006	27/07/2012	Active	NO
7	U33111DL2005PLC144156	ARTEMIS HEALTH SCIENCES LIMITED	Director	25/09/2007	14/09/2006	-	Active	NO
8	U85110DL2004PLC126414	ARTEMIS MEDICARE SERVICES LIMITED	Director	25/09/2007	14/09/2006	-	Active	NO
9	U92120DL2005PLC135845	UFO MOVIEZ LIMITED	Nominee director	24/08/2007	29/09/2006	-	Amalgamated	NO
10	U22120DL2004PLC164728	UFO MOVIEZ INDIA LIMITED	Director	21/11/2008	17/10/2008	26/04/2010	Active	NO
11	U27101DL2011PLC216530	PTL PROJECTS LIMITED	Director	25/03/2011	25/03/2011	-	Active	NO
12	U80221DL2011PLC225198	Athena Eduspark Limited	Director	06/08/2012	30/11/2011	14/07/2014	Active	NO
13	U70102HR2012PTC045270	LETO REALTORS PRIVATE LIMITED	Director	16/09/2013	06/03/2012	-	Active	NO
14	U63020DL1989PLC174286	APOLLO LOGISOLUTIONS LIMITED	Director	24/09/2012	27/07/2012	-	Active	NO
15	U74999MH1957GOI010918	ECGC Limited	Director	01/10/2013	01/10/2013	23/01/2015	Active	NO
16	AAC-2179	OSK CONSULTANTS LLP	Designated Partner	27/03/2014	27/03/2014	-	Active	NO
17	AAC-2180	O & T CONSULTANTS LLP	Designated Partner	27/03/2014	27/03/2014	-	Active	NO

Name :

Raaja Kanwar

Designation :

Managing Director

Address :

1/30, Shanti Niketan, Near Moti Baugh, New Delhi – 110021, India

Date of Birth/Age :

01.03.1942

Date of Appointment :

03.03.2007

PAN No.:

00024402

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	U74899DL1994PLC061080	APOLLO INTERNATIONAL LIMITED	Managing director	06/06/2012	15/12/1994	-	Active	NO
2	U74899DL1995PLC068740	TRAVEL TRACKS LIMITED	Director	14/07/1995	14/07/1995	22/02/2008	Active	NO
3	L25111KL1972PLC002449	APOLLO TYRES LIMITED.	Director	19/09/2002	19/09/2002	17/05/2010	Active	NO
4	U72900DL2003PLC119786	ENCORP E-SERVICE LIMITED	Director	07/04/2003	07/04/2003	04/03/2008	Active	NO
5	U19090DL2004PTC129691	AR SPA ENTERPRISES PRIVATE LIMITED	Director	06/10/2004	06/10/2004	-	Active	NO
6	U92120DL2005PLC135845	UFO MOVIEZ LIMITED	Nominee director	22/12/2006	05/05/2005	-	Amalgamated	NO
7	U22120DL2004PLC164728	UFO MOVIEZ INDIA LIMITED	Director	13/05/2005	13/05/2005	-	Active	NO
8	U72900MH2005PTC154979	MAC SOLUTIONS PRIVATE LIMITED	Director	02/08/2005	02/08/2005	12/08/2005	Active	NO
9	U74899DL2005PTC140965	UFO SOFTWARE TECHNOLOGIES PRIVATE LIMITED	Director	20/09/2005	20/09/2005	29/09/2010	Active	NO
10	U74999DL2007PLC158296	Apollo Logisolutions Limited	Additional director	03/03/2007	03/03/2007	-	Amalgamated	NO
11	U63000MH1999PTC121100	TREND CONTAINER SERVICES PRIVATE LIMITED	Director	29/09/2008	19/07/2007	15/12/2009	Active	NO
12	U63012MH1999PTC121099	MODAL CONTAINER SERVICES PRIVATE LIMITED	Director	29/09/2008	19/07/2007	15/12/2009	Active	NO
13	U63020DL1989PLC174286	APOLLO LOGISOLUTIONS LIMITED	Managing director	01/04/2013	19/07/2007	-	Active	NO
14	U85100DL2010PTC200694	SilverMaple Healthcare Services Private Limited	Director	29/09/2012	03/09/2012	01/01/2015	Active	NO
15	U63090DL2012PTC244255	APOLLO FIEGE INTEGRATED LOGISTICS PRIVATE LIMITED	Director	27/09/2013	03/11/2012	21/11/2013	Active	NO
16	U60200DL2011PTC227307	Kashipur Infrastructure and Freight Terminal Private Limited	Director	17/11/2014	22/10/2014	-	Active	NO

Name :

Vivek Bharati

Designation :

Director

Address :

5/43 Safdarjang Development Area, New Delhi – 110016, India

Date of Birth/Age :

28.08.1955

Date of Appointment :

26.02.2015

PAN No.:

00035336

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	U74899DL1994PLC061080	APOLLO INTERNATIONAL LIMITED	Director	26/02/2015	28/12/2005	-	Active	NO
2	U15419PB1989PTC009114	PEPSI FOODS PRIVATE LIMITED	Director	29/09/2008	27/03/2008	-	Amalgamated	NO
3	U63020DL1989PLC174286	APOLLO LOGISOLUTIONS LIMITED	Director	26/02/2015	27/07/2012	-	Active	NO
4	U63090DL2012PTC244255	APOLLO FIEGE INTEGRATED LOGISTICS PRIVATE LIMITED	Director	12/03/2015	12/03/2015	-	Active	NO

Name :

Srisivaprasad Pisipati

Designation :

Whole-Time Director

Address :

Unit No. 1001, Block B4,, World Spa, Sector - 40, Gurgaon – 122001, Haryana, India

Date of Birth/Age :

01.07.1967

Date of Appointment :

01.04.2012

PAN No.:

00024426

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	U74899DL1994PLC061080	APOLLO INTERNATIONAL LIMITED	Director	21/03/2007	25/03/2005	01/12/2008	Active	NO
2	U63020DL1989PLC174286	APOLLO LOGISOLUTIONS LIMITED	Whole-time director	01/04/2012	05/09/2008	-	Active	NO
3	U22120DL2004PLC164728	UFO MOVIEZ INDIA LIMITED	Director	29/09/2009	18/02/2009	02/04/2011	Active	NO
4	U63000HR2010PTC040468	CLS LOGISTICS PRIVATE LIMITED	Director	30/09/2011	01/11/2010	05/07/2013	Active	NO
5	U63000DL2012PLC241538	APOLLO WORLD CONNECT LIMITED	Director	03/09/2012	03/09/2012	-	Active	NO
6	U63090DL2012PTC244255	APOLLO FIEGE INTEGRATED LOGISTICS PRIVATE LIMITED	Director	27/09/2013	03/11/2012	-	Active	NO
7	U35110TN1985PTC012326	KAILASH SHIPPING SERVICES PRIVATE LIMITED	Director	12/09/2014	07/05/2013	-	Active	NO
8	U60200DL2011PTC227307	Kashipur Infrastructure and Freight Terminal Private Limited	Director	17/11/2014	22/10/2014	-	Active	NO

Name :

Ahmed Ali Mohamed Abdelaziz Al Sarkal

Designation :

Director

Address :

Po Box 43399, Abu Dhabi, Na, United Arab Emirates

Date of Birth/Age :

06.06.1964

Date of Appointment :

10.06.2013

PAN No.:

06573258

KEY EXECUTIVES

Name :	Ajay Milhotra Kumar
Designation :	CFO
Address :	C-8, Defence Colony, New Delhi, New Delhi – 110024, India
PAN No.:	AAFPM6255J
Date of Appointment :	11.08.2014
Name :	Pramendra Tomar
Designation :	Secretary
Address :	383, Shalimar Garden, Sahibabad, Ghaziabad – 201005, Uttar Pradesh, India
PAN No.:	ADDPT1538Q
Date of Appointment :	05.09.2008

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 29.08.2014

Names of Shareholders	No. of Shares
Apollo International Limited, India	2473198
Apollo International Limited, India	7891292
Mr. Rakesh Gupta	3
Mr. K M Parashar	3
Mr. K G Gupta	3
Mr. Pramendra Tomer	3
Mr. Pradeep Chugh	1
Mr. Shiv Kumar	1
Apollo International FZC, UAE	852091
Dusk Valley Techonolgies Limited, India	250000
Flag Asia Limited, Mauritius	1274066
Total	12740661

Equity Share Break up (Percentage of Total Equity)

AS ON 29.08.2014

Category	Percentage
Bodies corporate	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Subject is engaged in the business of handling export and import cargo, refrigerated cargo, etc. and also engaged in service such as warehousing, stuffing and de-stuffing, carting services etc.
Products :	Not Divulged
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Divulged
Imports :	Not Divulged
Terms :	Not Divulged

GENERAL INFORMATION

Suppliers :

Not Divulged

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

Customers :

Not Divulged

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

No. of Employees :

Information declined by the management

Bankers :

• Yes Bank Limited, 9^th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai – 400018, Maharashtra, India
• ICICI Bank Limited, Landmark Race Course Circle, Alkapuri, Baroda – 390015, Gujarat, India

Facilities :

(Rs. In Million)

SECURED LOAN	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWING
Rupee term loan from banks	393.250	400.000
Loans taken for fixed assets	82.498	126.683
SHORT TERM BORROWING
Loans repayable on demand from banks	35.662	8.587
Total	511.410	535.270

Auditors :
Name :	Deloitte Haskins and Sells Chartered Accountant
Address :	7^th Floor, Building 10, Tower B, DLF Cyber City, Complex DLF City, Phase – II, Gurgaon – 122002, Haryana, India
PAN No.:	AABFD2095B
Memberships :	--
Collaborators :	--
Ultimate Holding company :	Apollo Finance Limited
Holding company :	Apollo International Limited
Subsidiary company :	Trend Container Services Private Limited Apollo International Fzc Modal Container Services Private Limited Als Container Warehousing Limited Apollo World Connect Limited Apollo Fiege Integrated Logistics Private Limited

CAPITAL STRUCTURE

AS ON 29.08.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
12883620	Equity Shares	Rs.10/- each	Rs. 128.836 Million
361638	Preference Shares	Rs. 100/- each	Rs. 36.164 Million
	Total		Rs. 165.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
12740661	Equity Shares	Rs.10/- each	Rs. 127.407 Million

AS ON 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
13245258	Equity Shares	Rs.10/- each	Rs. 132.453 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
12485848	Equity Shares	Rs.10/- each	Rs. 124.858 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	124.858	102.991	115.077
(b) Reserves & Surplus	1465.913	617.132	306.510
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	162.044	0.000
Total Shareholders’ Funds (1) + (2)	1590.771	882.167	421.587
(3) Non-Current Liabilities
(a) long-term borrowings	475.748	526.683	713.684
(b) Deferred tax liabilities (Net)	25.609	6.350	0.000
(c) Other long term liabilities	0.000	0.000	0.835
(d) long-term provisions	2.165	1.361	0.587
Total Non-current Liabilities (3)	503.522	534.394	715.106
(4) Current Liabilities
(a) Short term borrowings	35.662	8.587	39.773
(b) Trade payables	56.585	61.496	31.361
(c) Other current liabilities	207.672	156.596	89.181
(d) Short-term provisions	18.526	0.657	14.464
Total Current Liabilities (4)	318.445	227.336	174.779
TOTAL	2412.738	1643.897	1311.472
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	1003.063	1102.262	987.027
(ii) Intangible Assets	0.613	6.370	7.474
(iii) Capital work-in-progress	33.062	17.475	9.400
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	712.562	250.615	155.225
(c) Deferred tax assets (net)	0.000	0.000	2.063
(d) Long-term Loan and Advances	10.984	18.258	22.448
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	1760.284	1394.980	1183.637
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	0.000	0.000	0.000
(c) Trade receivables	20.586	32.778	10.996
(d) Cash and cash equivalents	496.270	50.790	46.271
(e) Short-term loans and advances	128.600	152.594	46.133
(f) Other current assets	6.998	12.755	24.435
Total Current Assets	652.454	248.917	127.835
TOTAL	2412.738	1643.897	1311.472

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	857.638	748.344	637.347
		Other Income	37.656	6.479	3.757
		TOTAL	895.294	754.823	641.104
Less	EXPENSES
		Employees benefits expense	92.591	56.621	32.807
		Other expenses	543.579	520.168	432.018
		TOTAL	636.170	576.789	464.825
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		259.124	178.034	176.279
Less	FINANCIAL EXPENSES		79.462	75.783	86.272
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		179.662	102.251	90.007
Less/ Add	DEPRECIATION/ AMORTISATION		110.801	65.207	63.853
	PROFIT BEFORE TAX		68.861	37.044	26.154
Less	TAX		33.331	20.134	(34.170)
	PROFIT AFTER TAX		35.530	16.910	60.324
	Earnings Per Share (Rs.)		2.78	1.32	4.73

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

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

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	4.14	2.26	9.46
Operating Profit Margin (PBIDT/Sales)	(%)	30.21	23.79	27.66
Return on Total Assets (PBT/Total Assets}	(%)	4.13	2.69	2.28
Return on Investment (ROI) (PBT/Networth)		0.04	0.04	0.06
Debt Equity Ratio (Total Debt /Networth)		0.32	0.61	1.79
Current Ratio (Current Asset/Current Liability)		2.05	1.09	0.73

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	115.077	102.991	124.858
Reserves & Surplus	306.510	617.132	1465.913
Share Application money pending allotment	0.000	162.044	0.000
Net worth	421.587	882.167	1590.771
long-term borrowings	713.684	526.683	475.748
Short term borrowings	39.773	8.587	35.662
Current Maturities of Long Term Debt	0.000	0.000	0.000
Total borrowings	753.457	535.270	511.410
Debt/Equity ratio	1.787	0.607	0.321

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	637.347	748.344	857.638
		17.415	14.605

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	637.347	748.344	857.638
Profit	60.324	16.910	35.530
	9.46%	2.26%	4.14%

LOCAL AGENCY FURTHER INFORMATION

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

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10555010	04/03/2015 *	220,000,000.00	TATA CAPITAL FINANCIAL SERVICES LIMITED	12th Floor, Tower- A, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai, Maharashtra - 400013, INDIA	C47323878
2	10521880	04/03/2015 *	750,000,000.00	YES BANK LIMITED	9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD, WORLI, MUMBAI, Maharashtra - 400018, INDIA	C47732482
3	10400562	29/12/2012	20,165,560.00	ICICI BANK LIMITED	LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA	B66678103
4	10380482	14/09/2012	20,000,000.00	ICICI BANK LIMITED	LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA	B59664888
5	10375943	28/12/2011	17,100,000.00	ICICI BANK LIMITED	LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA	B41472234
6	10320477	04/03/2015 *	615,000,000.00	YES BANK LIMITED	9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD, WORLI, MUMBAI, Maharashtra - 400018, INDIA	C48237499
7	10260278	30/11/2010	11,735,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra - 400013, INDIA	B02822401
8	10254189	12/11/2010	83,122,280.00	HDFC BANK LIMITED	HDFC BANK HOUSE SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra - 400013, INDIA	B00429373

* Date of charge modification

FIXED ASSETS

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 :	GYT
Analysis Done by :	KIN
Report Prepared by :	JYO

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILITY	1~10	6
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	6
--CREDIT LINES	1~10	5
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		50

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.