MIRA INFORM REPORT

Report No. :	320369
Report Date :	04.05.2015

IDENTIFICATION DETAILS

Name :	A. K. CAPITAL FINANCE PRIVATE LIMITED (w.e.f. 05.10.2009)
Formerly Known As :	GIRDHAR VANIJYA PRIVATE LIMITED
Registered Office :	30-39, Free Press House, 3^rd Floor, Free Press Journal Marg, 215, Nariman Point, Mumbai – 400021, Maharashtra
Tel. No.:	91-22-67546500
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	03.02.2006
Com. Reg. No.:	11-214277
Capital Investment / Paid-up Capital :	Rs.199.500 Million
CIN No.: [Company Identification No.]	U51900MH2006PTC214277
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	Not Available
Legal Form :	Private Limited Liability Company
Line of Business :	Providing Financial Services.
No. of Employees :	80 (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

Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is an established company having good track record. The rating reflects company sound financial risk profile marked by healthy net worth position and decent profitability of the company. Trade relations are reported as fair. Business is active. Payment terms are reported to be regular and as per commitment. The company can be considered normal 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

Rating Agency Name	CARE
Rating	Long term bank facilities=A+
Rating Explanation	Adequate degree of safety and low credit risk.
Date	16.10.2014

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 (GENERAL DETAILS)

Name :	M. Mahesh
Designation :	Chief Finance Officer
Contact No.:	91-22-67546500
Date :	30.04.2015

LOCATIONS

Registered Office :	30-39, Free Press House, 3^rd Floor, Free Press Journal Marg, 215, Nariman Point, Mumbai – 400021, Maharashtra, India
Tel. No.:	91-22-67546500
Fax No.:	22-66100594
E-Mail :	cs@akgroup.co.in
Location :	Owned

DIRECTORS

AS ON 19.09.2014

Name :

Atul Kumar Mittal

Designation :

Managing Director

Address :

143, 14th Floor, Sunflower Apartments, Cuffe Parade, Mumbai - 400005, Maharashtra, India

Date of Birth/Age :

19.02.1955

Date of Appointment :

28.06.2013

DIN No.:

00698377

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	U74899DL1992PLC050957	A. K. CAPITAL MARKETS LIMITED	Director	13/11/1992	13/11/1992	-	Active	NO
2	L74899DL1993PLC055524	A K CAPITAL SERVICES LIMITED	Managing director	01/04/2010	05/10/1993	-	Active	NO
3	U67190MH2005PTC157503	INTELLIGROUP ADVISORS PRIVATE LIMITED	Director	23/11/2005	23/11/2005	06/01/2014	Active	NO
4	U67120MH2006PTC158932	A.K. STOCKMART PRIVATE LIMITED	Managing director	18/12/2011	17/01/2006	29/11/2012	Active	NO
5	U74140MH2006PTC165653	A. K. Wealth Management Private Limited	Director	20/11/2006	20/11/2006	-	Active	NO
6	U65993MH2006PTC165749	A. K. Capital Corporation Private Limited	Director	23/11/2006	23/11/2006	-	Active	NO
7	U67120MH2006PTC165794	A.K. Commodities Private Limited	Director	25/11/2006	25/11/2006	-	Active	NO
8	U65993MH2006PTC166349	A. K. Capital Retail Private Limited	Director	20/12/2006	20/12/2006	-	Active	NO
9	U74140MH2008PTC178990	India Bond Private Limited	Director	18/02/2008	18/02/2008	08/11/2013	Active	NO
10	U51900MH2006PTC214277	A. K. Capital Finance Private Limited	Managing director	28/06/2013	30/11/2012	-	Active	NO

Name :

Mr. Rajiv Kumar Bakshi

Designation :

Director

Address :

6B, Shanaz Apartment, 90, Nepean Sea Road, Mumbai - 400006, Maharashtra, India

Date of Birth/Age :

21.10.1952

Date of Appointment :

19.09.2014

DIN No.:

00264007

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	U51900MH1994PLC078303	STCI Finance Limited	Nominee director	06/05/2006	06/05/2006	18/03/2008	Active	NO
2	U66010MH2007PLC174472	Star Union Dai-ichi Life Insurance Company Limited	Director	25/09/2007	25/09/2007	06/11/2008	Active	NO
3	U66010MH2008PLC183679	IndiaFirst Life Insurance Company Limited	Director	24/09/2010	31/01/2010	31/10/2012	Active	NO
4	U65999MH1996GOI098009	BOB CAPITAL MARKETS LIMITED	Director	07/09/2010	05/05/2010	21/02/2013	Active	NO
5	U74990MH2008NPL189067	NATIONAL PAYMENTS CORPORATION OF INDIA	Nominee director	06/09/2012	15/12/2011	10/12/2012	Active	NO
6	L85110UP1987PLC008792	REGENCY HOSPITAL LIMITED	Director	30/09/2014	31/12/2013	-	Active	NO
7	U51900MH2006PTC214277	A. K. Capital Finance Private Limited	Director	19/09/2014	19/05/2014	-	Active	NO

Name :

Mr. Deepak Mittal

Designation :

Director

Address :

A-204, May Fair Apartments, 96, I.P. Extension, Patparganj, New Delhi - 110092, India

Date of Birth/Age :

21.09.1970

Date of Appointment :

22.04.2008

DIN No.:

00043685

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	L74899DL1993PLC055524	A K CAPITAL SERVICES LIMITED	Whole-time director	01/04/2010	25/09/1999	-	Active	NO
2	U51900MH2006PTC214277	A. K. Capital Finance Private Limited	Director	22/04/2008	22/04/2008	-	Active	NO

Name :

Mr. Abhinav Kumar Mittal

Designation :

Director

Address :

143, 14th Floor, Sunflower Apartments, Cuffe Parade, Mumbai - 400005, Maharashtra, India

Date of Birth/Age :

24.11.1985

Date of Appointment :

30.11.2011

DIN No.:

00698436

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	U74899DL1986PTC024125	A K SERVICES PRIVATE LIMITED	Director	01/01/2004	01/01/2004	12/10/2010	Active	NO
2	U74899DL1989PTC036502	SECOND LEASING PRIVATE LIMITED	Director	22/09/2004	22/09/2004	12/10/2010	Active	NO
3	U51900MH2006PTC214277	A. K. Capital Finance Private Limited	Director	30/11/2012	13/10/2010	-	Active	NO
4	U70102MH2011PTC225282	M SQUARE CORPORATION PRIVATE LIMITED	Director	22/12/2011	22/12/2011	-	Active	NO
5	U50102MH2012PTC235045	M SQUARE AUTOMOBILE PRIVATE LIMITED	Director	28/08/2012	28/08/2012	-	Active	NO
6	U70109DL2011PTC229296	H.M. INFRACON PRIVATE LIMITED	Additional director	01/10/2012	01/10/2012	28/03/2014	Active	NO
7	U70102MH2013PTC242792	M Square Infrastructure Private Limited	Director	02/05/2013	02/05/2013	-	Active	NO
8	AAB-8001	M SQUARE LANDMARK LLP	Body corporate as Designated Partner	07/10/2013	07/10/2013	-	Active	NO

Name :

Mr. Raghubinder Rai

Designation :

Director

Address :

BL-37, Jail Road, Anand Vihar, New Delhi - 110064, India

Date of Birth/Age :

15.10.1940

Date of Appointment :

19.09.2014

DIN No.:

00851994

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	U63040DL2001PTC111868	SKYAIR SERVICES PVT LTD	Director	07/06/2002	07/06/2002	-	Active	NO
2	L74899DL1993PLC055524	A K CAPITAL SERVICES LIMITED	Director	20/02/2006	20/02/2006	-	Active	NO
3	U51900MH2006PTC214277	A. K. Capital Finance Private Limited	Director	19/09/2014	19/05/2014	-	Active	NO

Name :

Mr. Sneh Lata Mittal

Designation :

Director

Address :

143, 14th Floor, Sunflower Apartments, Cuffe Parade, Mumbai - 400005, Maharashtra, India

Date of Birth/Age :

14.02.1930

Date of Appointment :

22.04.2008

DIN No.:

01308868

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	U74899DL1994PTC061139	GOODWILL CAPITAL SERVICES PRIVATE LIMITED	Director	30/08/1994	30/08/1994	10/01/2011	Active	NO
2	U74899DL1992PLC050957	A. K. CAPITAL MARKETS LIMITED	Director	04/01/1995	04/01/1995	-	Active	NO
3	U74899DL1989PTC036502	SECOND LEASING PRIVATE LIMITED	Director	22/09/2004	22/09/2004	14/01/2008	Active	NO
4	U51900MH2006PTC214277	A. K. Capital Finance Private Limited	Director	28/02/2015	22/04/2008	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Rupesh Chandulal Samani
Designation :	Secretary
Address :	B- 806, Bhoomi Residency, Mahavir Nagar, Kandivali (West), Mumbai - 400067, Maharashtra, India
Date of Birth/Age :	17.12.1976
Date of Appointment :	23.04.2012
PAN No.:	ALQPS2267Q

MAJOR SHAREHOLDERS

AS ON 19.09.2014

Names of Shareholders	No. of Shares	% of Holding
A. K. Capital Services Limited	19653740	98.51
Atul Kumar Mittal	262090	1.31
Aditi Mittal	16080	0.08
Anshu Mittal	18090	0.09
Total	19950000	100.00

Equity Share Break up (Percentage of Total Equity)

AS ON 19.09.2014

Category	Percentage
Bodies corporate	98.51
Directors or relatives of Directors	1.49
Total	100.00

BUSINESS DETAILS

Line of Business :	Providing Financial Services.
Products / Services :	Financial Services
Brand Names :	Not Divulged
Agencies Held :	Not Divulged
Exports :	Not Divulged
Imports :	Not Divulged
Terms :
Selling :	Not Divulged
Purchasing :	Cash, Credit

PRODUCTION STATUS – NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

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

Customers :

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

No. of Employees :

80 (Approximately)

Bankers :

Banker Name :	Bank of India
Branch :	Fort Branch, 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 :	Not Divulged
Credit Facilities Enjoyed (CC/OD/Term Loan) :	Term loan= Rs.2500.000 Million
Account Operation :	Not Divulged
Remark :	Not Divulged

• ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri, Baroda – 390015, Gujarat, India
• HDFC Bank Limited, Fort Branch, Mumbai, Maharashtra, India

Facilities :

SECURED LOANS	31.03.2014 Rs. In Million	31.03.2013 Rs. In Million
Long Term Borrowings
Term Loans
From Banks*	36.000	0.000
From non-banking financial company (NBFC) **	65.904	0.000
Vehicle Loans
From Banks***	1.693	4.017
From non-banking financial company (NBFC) ****	2.275	4.348
Short Term Borrowings
Loans repayable on demand
from banks
Working capital demand loan *	2977.560	2723.517
From Others
Working capital demand loan from NBFC **	0.000	127.500
Borrowing from Clearing Corporation of India Limited ***	1620.000	420.000
Total	4703.432	3279.382

NOTES:

LONG TERM BORROWINGS

* Loan against receivables from bank is repayable in 10 quarterly installments along with interest from the date of loan. The loans are secured by Pari- passu first charge by way of hypothecation/assignment of assets financed including current and future rece1vables of the Company.

** Hous1ng loan from NBFC is repayable in 180 equated monthly installments along with interest from the date of loan. The loans are secured by mortgage of prem1ses at Delhi, purchased there against.

*** Vehicle loans from bank is repayable 1n 36 equated monthly installments along with interest from the date of loan. The loans are secured by hypothecation of motor veh1cle purchased there against.

**** Vehicle loans from NBFC is repayable in 36 equated monthly installments along with interest from the date of loan. The loans are secured by hypothecation of motor vehicle purchased there against.

SHORT TERM BORROWINGS

* (a) Working capital demand loan is secured against pledge/lien on government securities and other debt securities, corporate guarantee of the holding company. A K. Capital Services Limited and demand promissory note. The above loan is repayable on demand.

* (b) Loan against receivables is secured by Pari- passu first charge by way of hypothecation/ assignment of assets financed Including current and future receivables of the company.

** Working cap1tal demand loan from the NBFC is secured aga1nst pledge of shares and bond.

*** Loan from Clearing Corporation of India Limited is secured against lien on government securities and cash deposit.

Financial Institution :	· Volkswagen Finance Private Limited, 3, North Avenue, Level 5, Maker Maxity, Bandra Kurla Complex, Kala Nagar, Bandra (East), Mumbai – 400051, Maharashtra, India
Auditors :
Name :	Suresh Surana and Associates LLP Chartered Accountants
Address :	310, Ahura Centre, 82, Mahakali Caves Road, Andheri (East), Mumbai – 400093, Maharashtra, India
PAN No.:	ACLFS1562L
Collaborators :	Not Divulged
Membership :	Not Divulged
Holding Company :	A. K. Capital Services Limited
Fellow Subsidiary :	A. K. Stockmart Private Limited
Enterprise in which key management personal is having significant influence :	M Square Automobile Private Limited

CAPITAL STRUCTURE

AS ON 19.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
30000000	Equity Shares	Rs.10/- each	Rs.300.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
19950000	Equity Shares	Rs.10/- each	Rs.199.500 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	199.500	199.500	149.450
(b) Reserves & Surplus	2608.755	2477.667	1746.506
(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)	2808.255	2677.167	1895.956
(3) Non-Current Liabilities
(a) long-term borrowings	105.872	8.365	0.000
(b) Deferred tax liabilities (Net)	0.984	0.000	0.000
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	1.980	1.465	0.606
Total Non-current Liabilities (3)	108.836	9.830	0.606
(4) Current Liabilities
(a) Short term borrowings	4597.560	3271.017	1250.000
(b) Trade payables	0.952	0.552	0.473
(c) Other current liabilities	37.380	17.460	5.892
(d) Short-term provisions	19.160	19.980	31.655
Total Current Liabilities (4)	4655.052	3309.009	1288.020
TOTAL	7572.143	5996.006	3184.582
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	91.795	8.658	0.135
(ii) Intangible Assets	1.271	1.118	1.435
(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	2619.296	561.495	546.732
(c) Deferred tax assets (net)	0.000	0.704	0.301
(d) Long-term Loan and Advances	132.208	63.807	40.001
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	2844.570	635.782	588.604
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	4172.874	4613.061	2271.018
(c) Trade receivables	136.899	215.522	180.389
(d) Cash and cash equivalents	69.168	419.476	31.187
(e) Short-term loans and advances	256.025	64.455	101.203
(f) Other current assets	92.607	47.710	12.181
Total Current Assets	4727.573	5360.224	2595.978
TOTAL	7572.143	5996.006	3184.582

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	753.250	544.311	182.539
		Other Income	0.000	0.612	0.007
		TOTAL (A)	753.250	544.923	182.546
Less	EXPENSES
		Employee Benefits Expenses	78.192	57.908	26.835
		Other Expenses	36.326	28.797	7.635
		Contingent provision against standard assets	0.650	0.035	0.382
		TOTAL (B)	115.168	86.740	34.852
	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		638.082	458.183	147.694
Less	FINANCIAL EXPENSES (D)		440.031	264.751	57.615
	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		198.051	193.432	90.079
Less	DEPRECIATION/ AMORTISATION (F)		2.117	0.771	0.461
	PROFIT/(LOSS) BEFORE TAX (E-F) (G)		195.934	192.661	89.618
Less	TAX (H)		64.846	62.100	34.195
	PROFIT/(LOSS) AFTER TAX (G-H) (I)		131.088	130.561	55.423
	Earnings Per Share (Rs.)		6.57	8.67	10.30

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin PAT / Sales	(%)	17.40	23.99	30.36
Operating Profit Margin (PBDIT/Sales)	(%)	84.71	84.18	80.91
Return on Total Assets (PBT/Total Assets)	(%)	3.96	3.55	3.40
Return on Investment (ROI) (PBT/Networth)		0.07	0.07	0.05
Debt Equity Ratio (Total Debt /Networth)		1.67	1.22	0.66
Current Ratio (Current Asset/Current Liability)		1.02	1.62	2.02

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	149.450	199.500	199.500
Reserves & Surplus	1746.506	2477.667	2608.755
Share Application money pending allotment	0.000	0.000	0.000
Net worth	1895.956	2677.167	2808.255
long-term borrowings	0.000	8.365	105.872
Short term borrowings	1250.000	3271.017	4597.560
Total borrowings	1250.000	3279.382	4703.432
Debt/Equity ratio	0.659	1.225	1.675

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	182.539	544.311	753.250
		198.189	38.386

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	182.539	544.311	753.250
Profit	55.423	130.561	131.088
	30.36%	23.99%	17.40%

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	No
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 years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	-----------
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	Yes
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	----------
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	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

INDEX OF CHARGE:

Sr. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10563447	24/03/2015	250,000,000.00	Axis Bank Limited	"Trishul", 3rd Floor Opp. Samartheshwar Temple, Near Law Garden, Ellisbridge, Ahmedabad, Gujarat - 380006, India	C50894161
2	10554490	19/02/2015	1,000,000,000.00	The Federal Bank Ltd	32, Bombay Samachar Marg,, Fort,, Mumbai, Maharashtra - 400001, India	C46363974
3	10528755	08/10/2014	1,175,000.00	HDFC Bank Limited	Hdfc Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India	C32021479
4	10525018	12/03/2015 *	800,000,000.00	GDA Trusteeship Limited	GDA House, First Floor, Plot No. 85, S. No. 94 & 95, Bhusari Colony (Right), Kothrud, Pune, Maharashtra - 411038, India	C49055460
5	10524821	25/09/2014	1,500,000,000.00	The Federal Bank Ltd	32, Bombay Samachar Marg,, Fort,, Mumbai, Maharashtra - 400001, India	C28341964
6	10495515	28/03/2014	75,000,000.00	Housing Development Finance Corporation Limited	Ramon House 169backbay Reclamation, H T Parekh Marg, Mumbai, Maharashtra - 400020, India	C03599339
7	10488253	25/03/2014	1,000,000,000.00	IDBI Trusteeship Services Limited	IDBI Trusteeship Services Limited, Ballard Estate, Mumbai, Maharashtra - 400001, India	C02422657
8	10512198	26/02/2014	500,000,000.00	The South Indian Bank Limited	Ground Floor, Embassy Centre, 207, Nariman Point, Mumbai, Maharashtra - 400021, India	C14590681
9	10512203	26/02/2014	500,000,000.00	The South Indian Bank Limited	Ground Floor, Embassy Centre, 207, Nariman Point, Mumbai, Maharashtra - 400021, India	C14592893
10	10418870	18/03/2013	6,235,000.00	Volkswagen Finance Private Limited	3, North Avenue, Level 5, Maker Maxity, Bandra Kurla Complex, Kala Nagar, Bandra (E), Mumbai, Maharashtra - 400051, India	B72928211
11	10390215	09/11/2012	6,750,000.00	ICICI Bank Limited	Landmarkrace Cource Circle, Alkapuri, Baroda, Gujarat - 390015, India	B63381602

*Date of modification Charges

FIXED ASSETS:

· Computer

· Office Equipment

· Office Equipments

· Furniture and Fixtures

· Building

· Vehicles

· 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 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.63.58
UK Pound	1	Rs.97.99
Euro	1	Rs.70.53

INFORMATION DETAILS

Information Gathered by :	REK
Analysis Done by :	DIV
Report Prepared by :	NKT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILITY	1~10	7
--LIQUIDITY	1~10	4
--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	NO
--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.