MIRA INFORM REPORT

Report No. :	313765
Report Date :	21.03.2015

IDENTIFICATION DETAILS

Name :	PVP CAPITAL LIMITED (w.e.f. 12.04.2012)
Formerly Known As :	NAHAR FINANCE LIMITED NAHAR GENERAL FINANCE LIMITED
Registered Office :	Door No. 2, 9^th Floor, KRM Centre, Harrington Road, Chetpet, Chennai – 600031, Tamilnadu
Country :	India
Financials (as on) :	31.12.2014 (Provisional)
Date of Incorporation :	17.03.1988
Com. Reg. No.:	18-015481
Capital Investment / Paid-up Capital :	Rs. 250.000 Millions
CIN No.: [Company Identification No.]	U65191TN1988PLC015481
TAN No.: [Tax Deduction & Collection Account No.]	CHEN00111G
PAN No.: [Permanent Account No.]	AAACN1144M
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Subject is engaged in providing capital to the Media and Entertainment industry.
No. of Employees :	20 (Approximately) [In Office]

RATING & COMMENTS

MIRA’s Rating :

Ba (46)

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

Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is a subsidiary of “PICTUREHOUSE MEDIA LIMITED”. It is an established company having satisfactory track record. The rating takes into consideration company’s improved operational performance marked by its adequate capital base and strong financial as well as managerial support that company receives from its parent company. Trade relations are fair. Business is active. Payment terms are reported to be usually correct. In view of strong holding company support, the company can be considered for business dealings at usual trade terms and conditions.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – December 31, 2014

Country Name	Previous Rating (30.09.2014)	Current Rating (31.12.2014)
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 AVAILABE

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 31-03-2014.

INFORMATION PARTED BY

Name :	Mr. S. Sambasiva Rao
Designation :	Deputy General Manager
Contact No.:	91-9000338666
Date :	19.03.2015

LOCATIONS

Registered Office :	Door No. 2, 9^th Floor, KRM Centre, Harrington Road, Chetpet, Chennai – 600031, Tamilnadu, India
Tel. No. :	91-44-30285570/ 78
Mobile No. :	91-9000338666 (Mr. S. Sambasiva Rao)
Fax No. :	91-44-30285571
E-Mail :	bhargava@pvpglobal.com ss.rao@pvpgloabal.com csnprasad@pvpglobal.com info.pvpcapital@pvpglobal.com compliance.pvpcapital@pvpglobal.com info@pvpglobal.com
Website :	www.pvpcapital.com, www.pvpcinema.com www.pvpgloabal.com
Area :	5000 Sq. Ft.
Location :	Rented
Corporate Office :	West Wing, 4^TH Floor, Punnaiah Plaza, Road No. 2, Banjara Hills, Hyderabad – 500034, Andhra Pradesh, India
Tel. No. :	91-40-67309999
Fax No. :	91-40-67309988
E-Mail:	ss.rao@pvpgloabal.com
Area :	5000 Sq. Ft.
Location :	Rented

DIRECTORS

As on 26.09.2014

Name :

Mr. Ramachandran Nagarajan

Designation :

Director

Address :

A-102, 1^st Floor, Keshav Durgar, No.1, East Avenue, Kesavaperumalpuram, Chennai – 600028, Tamilnadu, India

Date of Birth/Age :

06.07.1938

Qualification :

B. Com. (Hons.), CAIIB

Experience :

50 Years

Date of Appointment :

26.09.2014

PAN No.:

ACAPN2513P

DIN No. :

00443963

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	L72300TN1991PLC020122	PVP VENTURES LIMITED	Director	26-09-2014	19-03-2001	-	Active	NO
2	U74140TN2001PTC047216	EXCEL AUDIT AND MANAGEMENT SUPPORT SERVICES PRIVATE LIMITED	Director	06-06-2001	06-06-2001	-	Active	YES
3	L65921TN1986PLC013626	DFL INFRASTRUCTURE FINANCE LIMITED	Director	07-06-2001	07-06-2001	18-10-2012	Active	NO
4	U72200TN2002PTC049503	LATTICEBRIDGE INFOTECH PRIVATE LIMITED	Director	29-11-2002	29-11-2002	03-04-2010	Active	NO
5	U74999TN1980PLC008254	K DHANDAPANI AND CO LIMITED	Director	28-12-2005	28-12-2005	12-07-2010	Active	NO
6	L92191TN2000PLC044077	PICTUREHOUSE MEDIA LIMITED	Director	26-09-2014	27-04-2006	-	Active	NO
7	U65993TN1987PLC014995	DUGAR FINANCE AND INVESTMENTS LIMITED	Director	30-09-2010	03-09-2010	-	Active	NO
8	U65191TN1988PLC015481	PVP CAPITAL LIMITED	Director	26-09-2014	24-08-2013	-	Active	NO

Name :

Mr. Kumar Narayanaswamy Seshadri

Designation :

Director

Address :

F1, Whispering Heights, 132, St. Marry's Road, Alwarpet, Chennai - 600018, Tamilnadu, India

Date of Birth/Age :

06.01.1947

Qualification :

MS in Computer Science operations Ohio University, USA and BE from Guindy College of Engineering, Chennai

Experience :

43 Years

Date of Appointment :

28.04.2014

PAN No. :

AABPS1405L

DIN No. :

00552519

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	Company/ LLP Status	Defaulting status
1	U32301TN1986PLC012725	ELECTRO SCAN INDIA LIMITED	Director	03-10-2000	03-10-2000	Active	NO
2	L72300TN1991PLC020122	PVP VENTURES LIMITED	Director	26-09-2014	19-03-2001	Active	NO
3	U41000TN2005NPL056609	WATER AND FOOD EQUITABLE DISTRIBUTION ORGANISATION	Director	14-06-2005	14-06-2005	Active	NO
4	L92191TN2000PLC044077	PICTUREHOUSE MEDIA LIMITED	Director	26-09-2014	27-04-2006	Active	NO
5	U93000TN2013PTC090873	WEDO INDIA PRIVATE LIMITED	Director	01-05-2013	01-05-2013	Active	NO
6	U74999TN2006PTC065653	PVP GLOBAL VENTURES PRIVATE LIMITED	Director	25-09-2014	24-08-2013	Active	NO
7	U65191TN1988PLC015481	PVP CAPITAL LIMITED	Director	26-09-2014	28-04-2014	Active	NO

Name :

Mr. Vinay Chilakapati

Designation :

Director

Address :

1337, Road No.67, Jubilee Hills, Hyderabad - 500033, Andhra Pradesh, India

Date of Birth/Age :

03.06.1971

Qualification :

B. Tech, MS

Experience :

20 Years

Date of Appointment :

28.09.2012

PAN No. :

AHLPC2913J

DIN No. :

01429386

Profile :

Vinay holds Masters in Computer Science from University of Wollongong, Australia and has worked as a consultant to large media firms in North America. He oversees all production activities of the Picturehouse including building relationships with the talent in the Industry. 

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	U74140TG2005PTC048102	MVP TRADING (INDIA) PRIVATE LIMITED	Director	21-11-2005	21-11-2005	-	Strike off	NO
2	U74999TN2006PTC065653	PVP GLOBAL VENTURES PRIVATE LIMITED	Director	26-09-2013	27-06-2008	-	Active	NO
3	U40101TG2008PTC060306	TESLA ENERGY VENTURES PRIVATE LIMITED	Director	26-07-2008	26-07-2008	-	Strike off	NO
4	U70102TG2007PTC052656	ARETE REAL ESTATE DEVELOPERS PRIVATE LIMITED	Director	26-09-2009	03-11-2008	10-02-2011	Active	NO
5	U70102TG2007PTC052884	EXPRESSIONS REAL ESTATES PRIVATE LIMITED	Director	26-09-2009	03-11-2008	10-02-2011	Active	NO
6	U70102TG2007PTC052873	MISTAIR REALTORS PRIVATE LIMITED	Director	26-09-2009	03-11-2008	10-02-2011	Active	NO
7	U70102TG2007PTC052842	AXIL REALTORS PRIVATE LIMITED	Director	26-09-2009	03-11-2008	10-02-2011	Active	NO
8	U70102TG2007PTC052826	ADOBE REALTORS PRIVATE LIMITED	Director	26-09-2009	03-11-2008	10-02-2011	Active	NO
9	U52100TG2009PTC062480	GOURMET STORES PRIVATE LIMITED	Director	06-01-2009	06-01-2009	-	Active	NO
10	U10300TG2009PTC062519	MASSO MINES PRIVATE LIMITED	Director	13-01-2009	13-01-2009	-	Under Process of Striking off	NO
11	U10100TG2009PTC062586	MVP MINERALS PRIVATE LIMITED	Director	23-01-2009	23-01-2009	-	Active	NO
12	U10200TG2009PTC064478	JORD MINERALS PRIVATE LIMITED	Director	23-07-2009	23-07-2009	-	Strike off	NO
13	U70101TG2009PTC066001	SAKVIN INFRAPROJECTS PRIVATE LIMITED	Director	27-11-2009	27-11-2009	-	Active	NO
14	U40108TG2011PTC076538	FUJIN WIND PARKS PRIVATE LIMITED	Director	14-09-2011	14-09-2011	21-09-2011	Active	NO
15	U40108TG2011PTC076645	DANU WIND PARKS PRIVATE LIMITED	Director	21-09-2011	21-09-2011	28-09-2011	Active	NO
16	U40108TG2011PTC076644	AEOLUS WIND PARKS PRIVATE LIMITED	Director	21-09-2011	21-09-2011	28-09-2011	Active	NO
17	U65191TN1988PLC015481	PVP CAPITAL LIMITED	Director	28-09-2012	19-04-2012	-	Active	NO
18	U70102AP2007PTC052844	CUBOID REAL ESTATES PRIVATE LIMITED	Director	28-09-2013	01-11-2012	-	Strike off	NO
19	U45201TG2006PTC050706	NEW CYBERABAD CITY PROJECTS PRIVATE LIMITED	Director	28-09-2013	01-11-2012	-	Active	NO
20	U45202AP2006PTC050839	MAVEN INFRAPROJECTS PRIVATE LIMITED	Director	28-09-2013	01-11-2012	-	Strike off	NO
21	U70102AP2007PTC052843	PVP Business Towers Private Limited	Director	28-09-2013	01-11-2012	-	Strike off	NO
22	U45200AP2007PTC053125	PVP BUSINESS VENTURES PRIVATE LIMITED	Director	28-09-2013	01-11-2012	-	Strike off	NO

Name :

Mr. Arasu Vadasiruvelur Rajavelu

Designation :

Director

Address :

No.7, Q Block, 6th Avenue, Anna Nagar (West), Chennai - 600040, Tamilnadu, India

Date of Birth/Age :

30.01.1966

Qualification :

B. Tech (IIT), MBA (IIM)

Experience :

24 Years

Date of Appointment :

28.09.2012

PAN No. :

AAVPR8340M

DIN No. :

01449751

Profile :

A graduate of IIT AND IIM, he has close to two decades of industry experience. Prior to PVP Group, he worked with a premier business consulting firm and played an instrumental role in setting up a SCM hub for a leading chip manufacturer in India. At Picturehouse, he oversees funding opportunities and corporate strategy. 

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	U70102TG2007PTC052826	ADOBE REALTORS PRIVATE LIMITED	Director	29-09-2011	17-02-2007	10-03-2015	Active	NO
2	U70102AP2007PTC052843	PVP BUSINESS TOWERS PRIVATE LIMITED	Director	20-02-2007	20-02-2007	31-01-2008	Strike off	NO
3	U70102AP2007PTC052844	CUBOID REAL ESTATES PRIVATE LIMITED	Director	20-02-2007	20-02-2007	10-02-2011	Strike off	NO
4	U70102TG2007PTC052884	EXPRESSIONS REAL ESTATES PRIVATE LIMITED	Director	29-09-2011	21-02-2007	10-02-2015	Active	NO
5	U70102TG2007PTC052873	MISTAIR REALTORS PRIVATE LIMITED	Director	29-09-2011	21-02-2007	10-02-2015	Active	NO
6	U70102TG2007PTC052842	AXIL REALTORS PRIVATE LIMITED	Director	29-09-2011	16-04-2007	10-02-2015	Active	NO
7	U70102TG2007PTC052656	ARETE REAL ESTATE DEVELOPERS PRIVATE LIMITED	Director	29-09-2011	16-04-2007	10-02-2015	Active	NO
8	U55101TN2004PTC053848	AGS HOTELS AND RESORTS PRIVATE LIMITED	Director	31-12-2007	04-12-2007	-	Strike off	NO
9	U51420TN2004PTC054088	PVP CINEMA PRIVATE LIMITED	Director	31-12-2007	04-12-2007	-	Active	NO
10	U45200AP2007PTC053125	PVP BUSINESS VENTURES PRIVATE LIMITED	Additional director	10-12-2007	10-12-2007	12-05-2008	Strike off	NO
11	U45201TN2003PTC051595	PVP CORPORATE PARKS PRIVATE LIMITED	Director	30-09-2009	05-12-2008	-	Active	NO
12	U65191TN1988PLC015481	PVP CAPITAL LIMITED	Director	28-09-2012	19-04-2012	-	Active	NO
13	U92120TN2013PTC091100	PVP MEDIA VENTURES PRIVATE LIMITED	Director	13-05-2013	13-05-2013	-	Active	NO
14	AAA-5620	EMERGING INDIA RISK MANAGEMENT SOLUTIONS LLP	Body corporate as Designated Partner	18-07-2011	18-07-2011	-	Active	NO

Name :

Mr. Rajeev Kamineni

Designation :

Director

Address :

Old No. New No. F8, Avinashi Road, Coimbatore - North, Coimbatore - 641037, Tamilnadu, India

Date of Birth/Age :

22.06.1971

Qualification :

B. Tech, MS

Experience :

20 Years

Date of Appointment :

28.09.2012

PAN No. :

AKEPR2453C

DIN No. :

02531703

Profile :

Rajeev earned his Doctorate in in International Marketing and New Venture Creation from Australia. He taught extensively in the areas of corporate strategy and entrepreneurship, across countries. He was the National Learning Chair of CII’s Young Indians and member of various intellectual societies and media activities. At Picturehouse, Rajeev leads media planning and is a thought leader in the organisation.

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	Company/ LLP Status	Defaulting status
1	U51909TZ2006PTC013304	KAMINENI RETAIL ENTERPRISES PRIVATE LIMITED	Director	26-12-2006	26-12-2006	Strike off	NO
2	U65191TN1988PLC015481	PVP CAPITAL LIMITED	Director	28-09-2012	19-04-2012	Active	NO
3	U92120TN2013PTC091100	PVP MEDIA VENTURES PRIVATE LIMITED	Director	13-05-2013	13-05-2013	Active	NO
4	U55101TN2004PTC053848	AGS HOTELS AND RESORTS PRIVATE LIMITED	Additional director	21-01-2014	21-01-2014	Strike off	NO
5	U70102TG2005PTC048609	WHITECITY INFRASTRUCTURES (INDIA) PRIVATE LIMITED	Additional director	21-01-2014	21-01-2014	Active	NO
6	U45202AP2006PTC050839	MAVEN INFRAPROJECTS PRIVATE LIMITED	Additional director	21-01-2014	21-01-2014	Strike off	NO
7	U70102AP2007PTC052844	CUBOID REAL ESTATES PRIVATE LIMITED	Additional director	21-01-2014	21-01-2014	Strike off	NO
8	U70102AP2007PTC052843	PVP BUSINESS TOWERS PRIVATE LIMITED	Additional director	21-01-2014	21-01-2014	Strike off	NO
9	U45200AP2007PTC053125	PVP BUSINESS VENTURES PRIVATE LIMITED	Additional director	21-01-2014	21-01-2014	Strike off	NO
10	U51420TN2004PTC054088	PVP CINEMA PRIVATE LIMITED	Director	25-09-2014	21-01-2014	Active	NO
11	U74999TN2006PTC065653	PVP GLOBAL VENTURES PRIVATE LIMITED	Director	25-09-2014	21-01-2014	Active	NO
12	U45201TG2006PTC050706	NEW CYBERABAD CITY PROJECTS PRIVATE LIMITED	Director	25-09-2014	21-01-2014	Active	NO
13	U45201TN2003PTC051595	PVP CORPORATE PARKS PRIVATE LIMITED	Director	25-09-2014	21-01-2014	Active	NO
14	U70109AP2014PTC095166	PVP ISLAND PRIVATE LIMITED	Director	26-08-2014	26-08-2014	Active	NO

KEY EXECUTIVES

Name :	Burra Bhargava
Designation :	Secretary
Address :	Flat 2C, Sapphire Apartments, Opposite MAA TV Office, Amrutha Hills, Panjagutta, Hyderabad - 500082, Telangana, India
Date of Birth/Age :	28.06.1990
Date of Appointment :	23.06.2014
PAN No.:	AZAPB7589A
Name :	S. Sambasiva Rao
Designation :	Deputy General Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 26.09.2014

Names of Shareholders	No. of Shares
Picturehouse Media Limited, India	24999400
P. Bhanu Prakash *	100
A. Praveen Kumar *	100
S. Kannan *	100
V. R. Arasu *	100
Sai Padma Potluri *	100
Anne Sai Laxmana *	100
Total	25000000

Note: These shareholders are nominees of Picturehouse Media Limited, which holds beneficial interest in these 600 equity shares.

As on 26.09.2014

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Bodies corporate	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Subject is engaged in providing capital to the Media and Entertainment industry.
Brand Names :	--
Agencies Held :	--
Exports :	--
Imports :	--
Terms :	--

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference:	Not Divulged
Name of the Person (with Designation):	Not Divulged
Contact Number:	Not Divulged
Since How Long Known:	Not Divulged
Maximum Limit Dealt:	Not Divulged
Experience :	Not Divulged
Remarks :	Not Divulged

Customers :

Reference:	Not Divulged
Name of the Person (with Designation):	Not Divulged
Contact Number:	Not Divulged
Since How Long Known:	Not Divulged
Maximum Limit Dealt:	Not Divulged
Experience :	Not Divulged
Remarks :	Not Divulged

No. of Employees :

20 (Approximately) [In Office]

Bankers :

Bank Name:	Canara Bank
Branch:	Prime Corporate Branch, Secunderabad, TSR Complex, S P Road, Secunderabad - 500003, Andhra Pradesh, India
Name of the Person (with Designation):	KH Patnaik (AGM)
Contact Number:	91-9440064102
Name of Account Holder:	PVP CAPITAL LIMITED
Account Number:	2657261555570
Account Since (Date/ Year of A/c Opening):	25.09.2013
Average Balance Maintained (Optional):	--
Credit Facilities Enjoyed (CC/OD/Term Loan):	Cash Credit: Rs 1000.000 Millions
Account Operation:	Yes, Standard
Remarks: --

Facilities :

SECURED LOANS	31.03.2014 (Rs. In Millions)	31.03.2013 (Rs. In Millions)
LONG TERM BORROWINGS
Loan from Others* (Including Interest accrued and Due)	293.633	0.000
SHORT TERM BORROWINGS
Loan from Others*	0.000	304.733
Loan from Bank**	616.665	0.000
Total	910.298	304.733

NOTE

LONG TERM BORROWINGS

*The above loan is secured by a second charge on the Loans made to film finance and other related activities and personally guaranteed by a director of the company

SHORT TERM BORROWINGS

* The above loan is secured by a second charge on the Loans made to film finance and other related activities and personally guaranteed by a director of the company.

** The above loan is secured by a charge on the loans made to film finance and other related activities apart from the Collateral securities on the properties belonging to Group Companies and personal guarantee of Prasad V. Potluri and Jhansi Sureddi.

Banking Relations :	--
Auditors :
Name :	Mahalingam and Srivatsan Chartered Accountants
Address :	3-D 3rd Floor Kences Towers, 1 Ramakrishana Street, Off North Usman Road, Chennai – 600017, Tamilnadu, India
Tel. No. :	91-44-42124138
Mobile No. :	91-9841094094
Income-tax PAN of auditor or auditor's firm :	AAEFM3255B
Memberships :	--
Collaborators :	--
Holding Company :	Picture House Media Limited

CAPITAL STRUCTURE

As on 31.12.2014 (Provisional)

Authorised Capital :

No. of Shares	Type	Value	Amount
50,000,000	Equity Shares	Rs.10/- each	Rs. 500.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
25,000,000	Equity Shares	Rs.10/- each	Rs. 250.000 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.12.2014 (9 Months) (Provisional)	31.03.2014	31.03.2013	31.03.2012
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	250.000	250.000	250.000	2.100
(b) Reserves & Surplus	207.688	98.742	31.618	2.240
(c) Money received against share warrants	0.000	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	457.688	348.742	281.618	4.340
(3) Non-Current Liabilities
(a) Long-term borrowings	145.950	293.633	0.000	0.000
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000	0.000
(c) Other long term liabilities	0.000	0.000	0.000	0.000
(d) long-term provisions	0.286	0.198	0.081	0.000
Total Non-current Liabilities (3)	146.236	293.831	0.081	0.000
(4) Current Liabilities
(a) Short term borrowings	949.440	616.665	304.733	0.000
(b) Trade payables	0.168	0.188	0.389	0.028
(c) Other current liabilities	0.191	0.601	0.700	0.006
(d) Short-term provisions	71.099	46.035	15.584	1.685
Total Current Liabilities (4)	1020.898	663.489	321.406	1.719
TOTAL	1624.822	1306.062	603.105	6.059
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.048	0.054	0.000	0.000
(ii) Intangible Assets	0.000	0.000	0.000	0.000
(iii) Capital in Advance	39.924	39.924	39.896	0.000
(iv) Intangible assets under development	0.000	0.000	0.000	0.000
(b) Non-current Investments	0.000	0.000	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000	0.000	0.203
(e) Other Non-current assets	7.804	3.791	1.565	1.657
Total Non-Current Assets	47.776	43.769	41.461	1.860
(2) Current assets
(a) Current investments	0.000	0.000	0.000	0.000
(b) Inventories	0.000	0.000	0.000	0.000
(c) Trade receivables	0.000	0.000	0.000	0.000
(d) Cash and cash equivalents	0.936	1.265	4.163	4.199
(e) Short-term loans and advances	1576.104	1261.024	557.481	0.000
(f) Other current assets	0.006	0.004	0.000	0.000
Total Current Assets	1577.046	1262.293	561.644	4.199
TOTAL	1624.822	1306.062	603.105	6.059

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.12.2014 (9 Months) (Provisional)	31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	287.502	195.309	68.352	0.203
		Other Income	0.000	0.000	0.000	1.741
		TOTAL (A)	287.502	195.309	68.352	1.944
Less	EXPENSES
		Employees benefits expense	1.340	2.874	3.188	0.000
		Other expenses	1.033	24.033	6.667	0.171
		Contingent Provision on Standard Assets	0.810	1.759	1.394	0.000
		TOTAL (B)	3.183	28.666	11.249	0.171
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		284.319	166.643	57.103	1.773
Less	FINANCIAL EXPENSES (D)		114.113	53.876	13.535	0.001
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		170.206	112.767	43.568	1.772
Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.006	0.000	0.000	0.000
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)		170.200	112.767	43.568	1.772
Less	TAX (H)		61.253	45.643	14.190	1.606
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)		108.947	67.124	29.378	0.166
	Earnings / (Loss) Per Share (Rs.)			2.68	2.43	0.79

KEY RATIOS

PARTICULARS		31.12.2014 (9 Months) (Provisional)	31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT/Sales)	(%)	37.89	34.37	42.98	81.77
Operating Profit Margin (PBDIT/Sales)	(%)	98.89	85.32	83.54	873.40
Return on Total Assets (PBT/Total Assets}	(%)	10.74	8.91	7.74	29.25
Return on Investment (ROI) (PBT/Networth)		0.37	0.32	0.15	0.41
Debt Equity Ratio (Total Debt/Networth)		2.39	2.61	1.08	0.00
Current Ratio (Current Asset/Current Liability)		1.54	1.90	1.75	2.44

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	2.100	250.000	250.000
Reserves & Surplus	2.240	31.618	98.742
Net worth	4.340	281.618	348.742
Long-term borrowings	0.000	0.000	293.633
Short term borrowings	0.000	304.733	616.665
Total borrowings	0.000	304.733	910.298
Debt/Equity ratio	0.000	1.082	2.610

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	0.203	68.352	195.309
		33,570.936	185.740

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	0.203	68.352	195.309
Profit	0.166	29.378	67.124
	81.77%	42.98%	34.37%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	Yes
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last three and Nine Months (Provisional)	Yes
12]	Profitability for last three years and Nine Months (Provisional)	Yes
13]	Reasons for variation <> 20%	-----
14]	Estimation for coming financial year	Yes
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	No
20]	Export / Import details (if applicable)	No
21]	Market information	-----
22]	Litigations that the firm / promoter involved in	-----
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	Yes
26]	Buyer visit details	-----
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

------------------------------------------------------------------------------------------------------------------------------

PRESENT CREDIT FACILITIES ENJOYED BY PVP CAPITAL OR PICTUREHOUSE

(RS. IN MILLIONS)

S.NO	COMPANY	BANK	FACILITY	AMOUNT
1	PVP Capital Limited	Canara Bank, Prime Corporate Branch, Secunderabad	Working capital facility (ODBD)	Rs 1000.000 Millions
2	Picturehouse Media Limited	Canara Bank, Industrial Finance Branch, Hyderabad	Medium Term Loan	Rs 297.500 Millions

------------------------------------------------------------------------------------------------------------------------------

ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

OPERATING STATEMENT

(RS. IN MILLIONS)

SR. NO.	PARTICULARS		2014-15	2015-16	2016-17
			Estimation	Projections	Projections
1.	Gross Sales
	i.	Financing	449.700	540.200	660.100
	ii.	Others	--	--	--
		Total	449.700	540.200	660.100
2.	Less Excise Duty		--	--	--
3.	Net Sales (1 - 2)		449.700	540.200	660.100
4.	% age rise (+) or fall (-) in net sales as compared to previous year (annualized)		130%	20%	22%
5.	Cost of Sales
	vi.	Depreciation	0.000	0.100	0.100
		Provision on Standard Asset 0.25%	2.500	0.400	0.700
6.	Selling, general and administrative expenses		29.600	32.600	35.800
7.	Sub-total (5 + 6)		32.100	33.000	36.600
8.	Operating Profit before Interest (3 - 7)		417.600	507.200	623.500
9.	Interest		211.600	281.600	246.600
10.	Operating Profit after Interest (8 - 9)		206.100	225.600	376.900
11.	i.	Add: Other non-operating Income	--	--	--
	ii.	Deduct: Other non-operating expenses	--	--	--
	iii.	Net of other non-operating income / expenses [net of 11(i) & 11(ii)]	--	--	--
12.	Profit before tax/loss [10 + 11(iii)]		206.100	225.600	376.900
13.	Provision for taxes		67.000	73.300	122.500
14.	Net Profit / Loss (12 -13)		139.100	152.300	254.400
15.	a.	Equity dividend paid-amount (Already paid + B.S. provision)	--	--	--
	b.	Dividend Rate (% age)	--	--	--
16.	Retained Profit (14 - 15)		139.100	152.300	254.400
17.	Retained Profit / Net Profit (% age)		100%	100%	100%

------------------------------------------------------------------------------------------------------------------------------

ANALYSIS OF BALANCE SHEET

(RS. IN MILLIONS)

SR. NO.	PARICULARS		2014-15	2015-16	2016-17
			Estimation	Projections	Projections
CURRENT LIABILITIES
1.	Short-term borrowing from banks (including bills purchased, discounted & excess borrowing placed on repayment basis)
	i.	From applicant banks	1500.000	1500.000	1500.000
		ODBD - CanBank PCB	1000.000	1000.000	1000.000
		ODBD - BOI - LCB	500.000	500.000	500.000
		Sub-total [i + ii] (A)	1500.000	1500.000	1500.000
2.	Short term borrowings from others		--	--	--
3.	Sundry Creditors (Trade)		1.000	1.100	1.200
4.	Advance payments from customers / deposits from dealers		--	--	--
5.	Provision for taxation		67.000	73.300	122.500
6.	Dividend payable		--	--	--
7.	Other statutory liabilities (due within 1 year)		--	--	--
8.	Deposits / instalments of term loans / DPGs / debentures etc. (due within 1 year)		--	--	--
9.	Other current liabilities and provisions (due within 1 year)		6.600	7.100	7.900
	a.	Contingent provision against standard asset	5.600	6.000	6.700
	b.	Other liabilities	1.000	1.100	1.200
	c.	Loan against BID security	--	--	--
	d.	Medium term loan	--	--	--
	Sub total [2 to 9] (B)		74.600	81.500	131.600
10.	Total current liabilities [A + B]		1574.600	1581.500	1631.600
TERM LIABILITIES
11.	Unsecured loans		--	--	--
12.	Deferred tax liability		--	--	--
13.	Term loans (excluding instalments payable within 1 year)		304.700	304.700	304.700
14.	Term loans from other bank (excluding instalments due next year) - Loan for office @ BKC		--	--	--
15.	Term deposits (repayable after 1 year)		--	--	--
16.	Other term liabilities		--	--	--
17.	Total Term Liabilities [11 to 16]		304.700	304.700	304.700
18.	Total Outside Liabilities [10 + 17]		1879.300	1886.200	1936.300
NET WORTH
19.	Share Capital		250.000	250.000	250.000
20.	General Reserve		0.100	0.100	0.100
21.	Revaluation Reserve/ Share premium		--	--	--
22.	Other Reserves (excluding Provisions)		19.600	19.600	19.600
23.	Surplus (+) or deficit (-) in Profit & Loss a/c		218.100	370.400	624.800
23.	a.	Others	--	--	--
	Drawings		--	--	--
	Quasi Equity Loan from Promoters		--	--	--
24.	Net Worth		487.800	640.100	894.500
25.	TOTAL LIABILITIES [18 + 24]		2367.100	2526.300	2830.800
CURRENT ASSETS
26.	Cash and Bank Balances		15.500	13.700	10.300
27.	Investments (other than long term)		--	--	--
28.	i.	Receivables other than deferred &	--	--	--
29.	Instalments of deferred receivables ( DEPB) (due within 1 year)		--	--	--
30.	Inventory:		--	--	--
31.	Advances to suppliers of raw materials and stores/spares		2250.800	2395.000	2683.000
32.	Advance payment of taxes (net of provisions)		99.000	115.900	135.900
33.	Other current assets (specify major items)		--	--	--
34.	Total Current Assets (26 to 33)		2365.300	2524.600	2829.200
FIXED ASSETS
35	Gross Block (land, building, machinery, work-in-progress)		2.100	2.100	2.100
36	Depreciation to date		0.200	0.300	0.400
37	Net Block (35 - 36)		1.800	1.700	1.600
	Advance - Office Space @ BKC		--	--	--
OTHER NON-CURRENT ASSETS
38	Investments/book debts/advances/deposits		--	--	--
39	Non-consumable stores and spares		--	--	--
40	Other non-current assets including dues from directors		--	--	--
41	Total Other Non-current Assets (38 to 40)		--	--	--
42	Intangible Assets (patents, good will, Prelim. Expenses, bad / doubtful debts not provided for, etc.)		--	--	--
43	Total Assets (34+37+41+42)		2367.100	2526.300	2830.800
44	Tangible Net Worth (24 - 42)		487.800	640.100	894.500
45	Net Working Capital (34 - 10)		790.700	943.100	1197.600
46	Current Ratio (34 / 10)		1.50	1.60	1.73
47	Total OUTSIDE Liabilities / Tangible Net Worth (18 / 44)		3.85	2.95	2.16
48	Total TERM Liabilities / Tangible Net Worth (17 / 44)		0.62	0.48	0.34

------------------------------------------------------------------------------------------------------------------------------

FUNDS FLOW STATEMENT

(RS. IN MILLIONS)

SR. NO.	PARICULARS			2014-15	2015-16	2016-17
				Projections	Projections	Projections
1.	SOURCES
	a.	Net Profit		139.100	152.300	254.400
	b.	Depreciation		0.200	0.100	0.100
	c.	Increase in Capital		--	--	--
	d.	Increase in Term Liabilities (including Public Deposits)		10.900	--	--
	e.	Decrease in
		i.	Fixed Assets	--	--	--
		ii.	Other non-current Assets	1.600	--	--
	f.	Others		0.000	--	--
	g.	TOTAL		151.800	152.400	254.500
2.	USES
	a.	Net loss		--	--	--
	b.	Decrease in Term Liabilities (including Public Deposits)		--	--	--
	c.	Increase in
		i.	Fixed Assets	--	--	--
		ii.	Other non-current Assets	--	--	--
	d.	Dividend Payments		--	--	--
	e.	Others		--	--	--
	f.	TOTAL		--	--	--
3.	Long Term Surplus (+) / Deficit (-) [1-2]			151.800	152.400	254.500
4.	Increase/decrease in current assets * (as per details given below)			--	--	--
5.	Increase/decrease in current liabilities other than bank borrowings			27.700	6.900	50.100
6.	Increase/decrease in working capital gap			1071.500	152.400	254.500
7.	Net Surplus / Deficit (-) [3-6]			(919.700)	0.000	0.000
8.	Increase/decrease in bank borrowings			883.300	--	--
9.	Increase/decrease in Net Sales			254.400	90.500	119.900
* Break up of item-4
i.	Increase/decrease in Raw Materials			--	--	--
ii.	Increase/decrease in Stocks-in-Process			--	--	--
iii.	Increase/decrease in Finished Goods			--	--	--
iv.	Increase/decrease in Receivables			--	--	--
	a)	Domestic		--	--	--
	b)	Export		--	--	--
v.	Increase/decrease in Stores & Spares			--	--	--
vi.	Increase/decrease in other current assets			1099.200	159.300	304.600
	TOTAL			1099.200	159.300	304.600

------------------------------------------------------------------------------------------------------------------------------

COMPARATIVE STATEMENT OF CURRENT ASSETS AND CURRENT LIABILITIES

(RS. IN MILLIONS)

SR. NO.		PARICULARS		2014-15	2015-16	2016-17
				Estimation	Projections	Projections
A. CURRENT ASSETS
1.	Raw materials (incl. stores and other items)			--	--	--
2.	Other Consumable spares, excluding			--	--	--
3.	Stock-in-process			--	--	--
4.	Finished goods			--	--	--
5.	Receivables other than export and deferred			--	--	--
6.	Export receivables ( incl. bills purchased)			--	--	--
7.	Advances to suppliers of raw materials and stores / spares, consumables			2250.800	2395.000	2683.000
8.	Other current assets incl. cash and bank balances and deferred receivables due within one year			114.500	129.600	146.200
			Cash and Bank Balances	15.500	13.700	10.300
			Other current assets	--	--	--
9.	Total Current Assets			2365.300	2524.600	2829.200
B. CURRENT LIABILITIES (Other than bank borrowings for working capital)
10.	Creditors for purchase of raw materials, Stores and consumable spares			1.000	1.100	1.200
	Month's purchases			--	--	--
11.	Advances from customers			--	--	--
12.	Statutory liabilities			73.600	80.400	130.400
13.	Other current liabilities:			--	--	--
	Short term borrowings from others			67.000	73.300	122.500
	Provision for taxation			--	--	--
	Dividend payable			--	--	--
	Deposits / instalments of term loans / DPGs / debentures etc. (due within 1 year)			--	--	--
	Other current liabilities and provisions (due within 1 year)			6.600	7.100	7.900
14.	Total			74.600	81.500	131.600

------------------------------------------------------------------------------------------------------------------------------

COMPUTATION OF MAXIMUM PERMISSIBLE BANK FINANCE FOR WORKING CAPITAL

(RS. IN MILLIONS)

SR. NO.	PARICULARS	2014-15	2015-16	2016-17
		Projections	Projections	Projections
	First Method of Lending
1.	Total Current Assets	2365.300	2524.600	2829.200
2.	Other Current Liabilities (other than bank borrowings	74.600	81.500	131.600
3.	Working Capital Gap (WCG) (1-2)	2290.700	2443.100	2697.600
4.	Min. stipulated net working capital: (25% of WCG excluding export receivables)	572.700	610.800	674.400
5.	Actual / Projected net working capital	790.700	943.100	1197.600
6.	Item-3 minus Item-4	1718.000	1832.300	2023.200
7.	Item-3 minus Item-5	1500.000	1500.000	1500.000
8.	Max. permissible bank finance (item-6 or 7, whichever is lower)	1500.000	1500.000	1500.000
9.	Excess borrowings representing shortfall in NWC (4 - 5)	(218.000)	(332.300)	(523.200)
	Second Method of Lending
1.	Total Current Assets	2365.300	2524.600	2829.200
2.	Other Current Liabilities (other than bank borrowings	74.600	81.500	131.600
3.	Working Capital Gap (WCG) (1-2)	2290.700	2443.100	2697.600
4.	Min. stipulated net working capital: (25% of total Current Assets excluding export receivables)	591.300	631.200	707.300
5.	Actual / Projected net working capital	790.700	943.100	1197.600
6.	Item-3 minus Item-4	1699.400	1812.000	1990.300
7.	Item-3 minus Item-5	1500.000	1500.000	1500.000
8.	Max. permissible bank finance (item-6 or 7, whichever is lower)	1500.000	1500.000	1500.000
9.	Excess borrowings representing shortfall in NWC (4 - 5)	--	--	--

------------------------------------------------------------------------------------------------------------------------------

NETWORTH STATEMENT

MR. PRASAD V. POTLURI (GUARANTOR)

(RS. IN MILLIONS)

PARTICULAR	31.03.2014
Cash in Bank
India Based Banks	0.200
Investments
PVP Ventures Limited (Held through Platex Limited) [Refer Note No. 1]	1920.000
Real Estate Hyderabad, Plot, Bajara Hills [Refer Note. 2]	180.000
Total Assets	2100.200

NOTE:

1. 55% shareholding in PVP Ventures Limited, held by Platex Limited, an investment vehicle of Potluri. The investment vehicle also owns an FCD of Rs. 1320.000 Millions. Platex’s actual cash investment in PVP Ventures Limited is Rs. 8860.000 Millions. While the current market value of the Investments is Rs. 590.000 Millions, but based on the underlying asset and future cash flows of PVP Ventures Limited, the shareholding has a fair value of Rs. 5000.000 Millions. However, conservatively the value of Investment in PVP Ventures Limited has been taken at 1920.000 Millions.

2. Funds invested by Mr. Prasad V. Potluri towards ownership of 2,586 square yards of prime residential plot in Banjara Hills.

------------------------------------------------------------------------------------------------------------------------------

NETWORTH STATEMENT

MR. JHANSI SUREDDI (GUARANTOR)

(RS. IN MILLIONS)

PARTICULAR	31.03.2014
Cash in Bank
India Based Banks	1.000
US Based Banks	0.300
Investments
Kavya Consultants Limited, India	1900.000 (Approx.)
Jhansi Sureddi’s Portfolio (Refer Note No. 1)	283.100
Real Estate Hyderabad, Plot, Banjara Hills (Refer Note No. 2)	240.000
Miscellaneous (Refer Note No. 3)	250.000
Total	2674.400

NOTE

1. Jhansi Sureddi’s listed shares in various companies including trade investments in Pitcturehouse Media Limited.

2. Funds invested by Jhansi Sureddi towards ownership of 3,414 square yards of prime residential plot in Banjara Hills

3. Miscellaneous investment includes 15 Acres of land in Tallavalasa, Vizag, 3 Ares in Vizag, Rs. 24.000 advance made to a Penthouse apartment in Boulder Hills, Gachibowli.

4. There are no outstanding liabilities by Mr. Jhansi Sureddi as informed to us as at 31^st March, 2014.

NOTE

As claimed by Mr. S. S. Rao (Deputy General Manager) that all the directors are provisional director none of them are promotors and also they don’t have guarantee given by the directors.

------------------------------------------------------------------------------------------------------------------------------

VALUATION REPORT

GENERAL DETAILS

Purpose for which Valuation is made

To assess the fair market value of the property for Bank proposes, Canara Bank, Prime Corporate Branch, TSR-Complex, II Floor, 1-7-1, SP Road, Secunderabad-500003

Name of the reported owner address and phone Number

Belonging to M/S. PVP Ventures Limited

Door No.8D, Stephenson Road, Perambur, Chennai-600011

Contact No.: 91-9841746063

Brief Description of the property under valuation

The subject property consists of Vacant land situated at Door No.8D, Stephenson Road, Perambur, Chennai - 600011

The property was identified by Mr. R. Ramasamy

Contact No.: 91-9841746063

Scope of valuation

To assess the fair market value of the properly for Bank purposes (Canara Bank-Prime Corporate Branch, Secundrabad)

If the report is to be used for any bank purposes, state the name of the bank and branch , if known

Canara Bank-Prime Corporate Branch, Secundrabad

DESCRIPTION OF THE PROPERTY

Postal address of the property with

Door No.8D, Stephenson Road, Perambur, Chennai-600011

Location of the property

Plot No.

Door No.8D

S.No.

T.S.No. 156

Village

Perambur village

Taluk /ward

Perambur-Purasawalkkam Taluk

District/ Municipality /corporation

Chennai District

Property tax Receipt referred

Vacant land

Assessment Number

--

Tax amount

--

Receipt in the name of

--

Electricity service connection No.

--

Property is presently occupied by owner/Tenant/both/vacant The tenancy /lease particulars not produced.

Vacant land

If tenanted fully, what is the total monthly rent

N.A.

If occupied by both By assuming the entire building is let Out

Vacant land

Location and Description

The subject land is close to South East Corner of Vacant land pertaining to the ltem-lll of Sale deed which is a part of 373.70 grounds located in Stephenson Road near Perambur Barracks Road, which is around 15 minutes drive from Central Railway station.

The total extent of land pertaining to the sale deed is 373.70 grounds bounded on Stephenson Road - South side, Otteri Nullah - North side, Tamilnadu Slum Clearance Board Quarters, Huts, Gantz Road - East side, Otteri Nullah-west side.

It is gathered from local inspection that PVP Ventures Limited is also promoting the lands abutting on the western side (Large Parcel of land) as a joint venture with North Town Estates Private Limited into multistoried Residential complex, individual villas, etc,. and the construction is fast progressing and some are nearing completion. Considering the above developments and its proximity to George Town and Poonamallee high road and other commercial centre’s, there is likely to be good demand for the developments on this land also.

The guide line value of land mentioned in the website is Rs.3500/-per sft i.e,. Rs.8.400 Millions per ground for Stephenson Road,

Rs.6000/-per sft i.e,. Rs.14.400 Millions per ground for Perambur Barracks Road

Rs.4000/-per sft i.e,. Rs.9.600 Millions per ground for Gantz Road,

As per the latest notification from Purasaivalkam SRO the guideline value of the Property in Rs No 145, 146/1, 146/2, 147, 148, 149, 150, 225, 226/5 ,226/4,229/1, 144/4, 152/1, 231/2, 231/3 and 156 is now stated to be Rs. 5500 per Sq. ft. i.e., Rs.13.200 Millions per ground

The land offered as security is part of the total Extent of land and located in the South east Corner area with the following dimension –

North – 131,8”

South – 145’7”

East – 139’7.5”

West – 961’5”

= 262160 Sq. Ft. = 6.0184 Acres = 109.23 Grounds

and Boundary-

North - Remaining land of PVP Ventures Limited,

South - Stephenson Road,

East - partly by Remaining land of PVP Ventures Limited measuring upto 63744 sq. ft. and partly by GANTZ Road

West- Remaining land of PVP Ventures Limited.

The abutting road width on Stephenson road is 60'. The dimension of the site qualifies for multi storied building with FSI of 2.5, Premium FSI can also be achieved on payment of additional fees.

Presently the land is classified as Industrial and institutional zone and it is reported that corporation of Chennai has recommended to CMDA for conversion as Commercial use zone vide their letter No.Z.O.VI/T.P/WDCO6/00009/2012 dated 29-12-2012. Subsequently CMDA has issued a notification for the conversion in newspaper on 26-01-2013 inviting response if there is any objection for same within 21 days.

The subject property offered as collateral security is a portion of larger extent and lies in close to south east comer and adjoining the land alrcady under security with Canam Bank and this piece ofland Offered as collateral security salisfies all the norms ior subdivision,

other legal requirements may be verified by banks. The sketch ofthe land proposed to be mortgaged is attached here with.

LAND

Dimensions of the site

--

Extent of site (least of 1A & 1B)

6.0184 Acres = 262160 Sq. Ft. = 109.2 grounds

Characteristics of the site What is the character of the locality

Residential / commercial

what is the classification of the locality

Middle class

Road facilities are available

Available

What is the width of the road

60'0" Road

Any factors which affect the Marketability of the land

No

Tenure of the land

Free hold

VALUATION

Guide Line Value

The subject property lies close to the junction of Gantz Road, Stephenson's Road, Perambur Barracks Road and the Guide line value as per web site information are as follows (with effect from 01-04-2012).

1. Stephenson's road - Rs.3500/- per sft

2. Gantz Road - Rs.4000/- per sft

3.Perambur Barracks road - Rs.6000/- per sft

It is verified and confirmed that the sale deed for transfer of UDS has been registered for fixed revised Guide line value of Rs. 5500/- per sft for the following S. Nos. 145, 146/1, 146/2, 147, 148, 149, 150, 225, 226/5, 226/4, 229/1, 144, 142/1, 142/4, 152/1, 231/2, 231/3 and also S. No. 156 based on the letter issued by the Sub-Registrar, Purasaiwakkam (this letter is enclosed herewith)

Based on the above letter the they have considered the Considered the Guide line value of the subject land in S. No. 156 as Rs. 5500/- per sft.

Accordingly, the valuation based on Guide line value is

Extent : 6.018 Acres or 109.23 Grounds

Guide line value : Rs. 5500/- per sft

Value of Land : 262160 sft x Rs. 5500/-

Rs. 1441.880 Millions

Though 10% of the area has to be left for OSR, additional FSI in lieu of OSR can be achieved, hence the total extent of the land is considered for valuation.

MARKET VALUE

Based on the developments around the site and its surroundings and with upcoming residential buildings in North Point and also based on market enquiries we estimated the market value of the land to be ranging from Rs 1.50 Crores per Ground and Rs 17.500 Millions per Ground, Considering the fact the extent of land is a large mass of area, they would consider Rs 15.000 Millions per Ground as the Value per Ground of Land in this area.

Total extent of land for valuation – 6.018 acres i.e., 262160 Sq. Ft. or 109.23 Grounds

Value of land by adopting market value: 109.23 x 1.50 Crores

Rs. 1638.400 Millions

AMENITIES

Ornamental front/ pooja door

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Open staircase

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Wardrobes, showcases, wooden cupboards:

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Interior decorations

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Architectural Elevation works

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False ceiling works

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Separate Lumber room

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Separate toilet room

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SERVICES

Water supply arrangement

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Open well

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Deep bore well

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Hand pump

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Motor

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Corporation Tap

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Under ground level sump

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Over Head Water tank

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Drainage arrangements

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PROFILE

INTRODUCTION

In Feb’ 2012, Picturehouse acquired an NBFC, PVP Capital Limited (formely known as Nahar Finance Limited) as its 100% subsidiary company, which is now the primary lending arm for all the film financing business activities of the group. The renewed film financing business through PVP Capital will not only bring fast track growth, but also bring long term sustainability.

Picturehouse started providing capital for the South Indian Film industry in July 2010 and within a short period of 4.5 years, became a leading organised capital provider to the Tamil and Telugu film industry and its total disbursements till date is over Rs. 6000.000 Millions.

We have the pleasure to confirm that due to the highly professional team in place and better understanding of the Tamil and Telugu film industries, not a single loan committed and disbursed by us has been under default. The impeccable credit record signifies the strength of our management team, credit and risk management, execution capability and deep understanding of the market.

The strength of the business and management team may be evaluated from the fact that as on March 15^th, 2013, we have already disbursed over Rs. 3000.000 Millions in providing capital to movies production houses, all from well reputed production houses, having proven lead casts, producers and directors.

Since July’2012, most of the lending activity is being done by PVP Capital. Going forward, PVP Capital will be the primary lending arm for all the film financing business activities. The table below shows the growth and shift of lending business from Picturehouse to PVP Capital.

As on Mar’14, the loan book across various Telugu and Tamil projects was over Rs. 1300.000 Millions. There is a huge demand from very high credit clients/projects and we believe that we can comfortably increase their loan book to Rs. 3000.000 Millions by next financial year without compromising on the intrinsic credit of the portfolio.

FUTURE PROSPECTS

PVP Capital aims to be a market leader and a ‘One-Stop-Shop’ for all financing needs across the Indian Media and Entertainment space. Acknowledged by the Tamil and Telugu Industry as a Reputed Financier in terms of Professionalism, Transparency, Integrity and Ethics in a short span of time, PVP Capital envisages a great opportunity in the Media Financing activity. During the coming years, we will strengthen their base in the South Indian Film industry.

Its producer identification process has ensured us a 100% recovery rate in recovery and going forward, with the level of growth envisaged in the operations, it will keep reviewing its lending norms on a continuous basis and adopt various risk mitigation measures to safeguard their exposure so as to maintain to maintain the same success rate.

The management expects a growth rate of more than 40% on a year-on-year basis and their objective is to build a loan book size of Rs. 5000.000 Millions during the next 5 years.

In this changing scenario, availability of organised funding will be the key growth driver and as one of the early entrants, we stand to gain substantially in this segment as compared to new players who take time to stabilise.

PROMOTERS

Subject is a 100% subsidiary of Picturehouse Media Limited Picturehouse is promoted by Mr. Prasad V. Potluri, a serial entrepreneur in the global outsourcing services space; he has successfully built and sold 3 companies while serving the needs of the Fortune 1000 market place. Within the global investment community, he is a respected thought leader. During an entrepreneurship-packed decade, he has been the driving force behind many companies; including ProconInc, Albion Orion Company LLC, Irevna Ltd. Procon Inc. was acquired by RCM Technologies in 1998. AOC, LLC was acquired by SSI in 2000 for INR 2920.000 Millions, the then largest cross-border deal. Irevna Limited was acquired by CRISIL (S&P India) in 2005. He is a Strategic Investor in Maven Corp and Karvy Consultants and a Founding Investor of CBay Systems. Also, he is the Chairman and Managing Director of PVP Ventures Limited, a BSE and NSE listed company. 

PVP Ventures Limited, a parent company of Picturehouse, , is a BSE and NSE listed company based in South India with interests in real estate, media and entertainment and special situation investments. The company was incorporated in Chennai in 1990 and listed since 1995. The company is head quartered in Chennai with marquee real estate assets in Chennai, Hyderabad, Mumbai and Bangalore. PVPL is a zero debt company too with expected cash flows of over Rs. 1800 crores in next 7 years.

Mrs. Jhansi Sureddi, is the 2nd largest investor in Karvy group of companies, the leading Registrar and data processing Company of India and holds 21.82% share capital of Karvy Consultants Limited.

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INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10457605	24/10/2013	1,000,000,000.00	CANARA BANK	PRIME CORPORATE BRANCH, SECUNDERABAD, TSR COMPLEX, S P ROAD, SECUNDERABAD, ANDHRA PRADESH - 500003, INDIA	B88549175

CHANGE OF ADDRESS

The registered office of the company has been shifted from 51, G.N. Chetty Road, T Nagar, Chennai – 600017, Tamilnadu, India to the present address w.e.f. 07.02.2012.

INDUSTRY AND ECONOMIC SCENARIO

Media and Entertainment (M&E) Industry is one of the largest industries in the world. Due to the lifestyle and the opportunities thrown open by the advancements in technology, the Global Media and Entertainment Industry today has everything going for it. The Indian film industry is the 2^nd largest in the world, with more than 1,000 films produced every year in more than 20 languages, and 3.3 billion tickets sold annually. Further, the sharp rise in the budget for films in India has created an unprecedented opportunities in film financing business.

Till early 2011, unorganised financiers were playing a key role to cater to the financing needs of production houses. However, with the increasing size of film industry in terms of size, volume and budgets, there is growing need for large, organised and corporatized financiers to provide stable film financing. This demand for organised film financing has thrown tremendous opportunities to potential players in this field. PVP Capital has positioned itself as a One-stop shop for the Film and Media Financing activities with specific focus on South Indian Film Industry. The Film and Media Financing Business has the risk of Non-Performing Assets (NPAs) which can be attributable to the inherent nature of the business environment in which it operates. However, their Company has systematic approach for credit rating before funding the movies, which minimizes this risk to a considerable extent.

REVIEW OF OPERATIONS

The Operational Revenue of the Company has increased to Rs.195.300 Millions as against Rs.68.300 Millions in previous financial year. Also the Profit After Tax (PAT) has increased to Rs.67.100 Millions as against Rs.29.300 Millions in the previous financial year. Though the Revenue from operations increased by 185% as compared to the previous financial year, the Profit After Tax (PAT) could increase only by 128% due to increase in finance costs.

The Company has made a strong foothold in the Tamil and Telugu Film Industries and is poised to make a mark in other Regional film industries in the years to come. ‘Attarintiki Daredi (Telugu)’, ‘Legend (Telugu)’ ‘Biryani (Tamil)’, Singam 2 (‘Tamil and Telugu)’ are some of the successful and high budget Tamil and Telugu films which PVP Capital has funded in the recent past . Also the Company has Nil NPA rate due to its efficient credit rating mechanism and business model.

Going forward, the Company is targeting to achieve numero uno position in the organised film financing sector, not only in South Indian film Industry but also across India.

FIXED ASSETS

· Computer and Related Assets

· Office Equipments

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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.62.49
UK Pound	1	Rs.92.26
Euro	1	Rs.66.80

INFORMATION DETAILS

Information Gathered by :	SVA
Analysis Done by :	KAR
Report Prepared by :	MRI

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILITY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	4
--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	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		46

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.