MIRA INFORM REPORT

Report No. :	324492
Report Date :	26.05.2015

IDENTIFICATION DETAILS

Name :	P. E. ANALYTICS PRIVATE LIMITED

Registered Office :	D-4, Commercial Complex, Paschimi Marg, Vasant Vihar, New Delhi – 110057
Tel. No.:	91- 11-26153494

Country :	India

Financials (as on) :	31.03.2014

Date of Incorporation :	08.01.2008

Com. Reg. No.:	55-172384

Capital Investment / Paid-up Capital :	Rs. 0.425 Million

CIN No.: [Company Identification No.]	U70102DL2008PTC172384

TAN No.: [Tax Deduction & Collection Account No.]	DELP14656F

PAN No.: [Permanent Account No.]	AAECP5210C

Legal Form :	Private Limited Liability Company

Line of Business :	Subject is primarily engaged in the business of providing data and analytics on the Indian real estate industry to its subscribers.

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (43)

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 “AMIF RE INVESTMENT IX LIMITED”. It was established in the year 2007 and promoted by Mr. Samir Jasuja. It is an established company having satisfactory track record. For the financial year ended 2014, Management has witnessed a decent sales volume of Rs. 134.600 Million against the turnover of Rs. 137.200 Million previous financial ended 2013. Whereas, it has reported a losses from its operational activities. However, rating takes into consideration PE’s sound financial risk profile supported by adequate net worth base and favorable balance between trade receivable to its payable. Rating also takes into consideration promoter extensive industry experience in Real Estate segment backed by adequate support that company receives from its holding company. Trade relations are reported as fair. Payment terms are reported to be usually correct. In view of adequate balance sheet profile, the company can be considered for business dealings at usual trade terms and condition.

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

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

EXTERNAL AGENCY RATING

Rating Agency Name	Not Available
Rating	Not Available
Rating Explanation	Not Available
Date	Not Available

RBI DEFAULTERS’ LIST STATUS

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

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2014.

LOCATIONS

Registered Office :	D-4, Commercial Complex, Paschimi Marg, Vasant Vihar, New Delhi – 110057, India
Tel. No.:	91- 11-26153494
Fax No.:	Not Available
E-Mail :	samir@propequity.in
Website :	http://www.propequity.in

Corporate Office:	348, Udhyog Vihar, Phase - 2, Gurgaon-122016, Haryana, India
Tel. No.:	91-124-4522735

Mumbai Office:	802, Sahar Meadows, Sahar Plaza, Opposite J.B. Nagar Metro Station, Chakala, Andheri (East), Mumbai – 400 099, Maharashtra, India
Tel. No.:	91-22-61270988
Fax No.:	91- 22-61270985

DIRECTORS

As on 30.09.2014

Name :

Mr. Samir Jasuja

Designation :

Managing director

Address :

152OB, The Magnolias, DLF Phase – 5, Sector – 42, Gurgaon, Haryana, India

Date of Birth/Age :

29.03.1972

Date of Appointment :

13.11.2012

DIN No.:

01681776

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	U74999DL2000PTC105450	E-REALTY DOTCOM PRIVATE LIMITED	Director	26-04-00	26-04-00	-	Active	NO
2	U70102DL2008PTC172384	P. E. ANALYTICS PRIVATE LIMITED	Managing director	13-11-12	08-01-08	-	Active	NO
3	U70100DL2008PTC175187	SCHLEICHER TECHNOLOGY CONSULTING PRIVATE LIMITED	Director	12-03-08	12-03-08	30-04-09	Active	NO
4	U93020DL2008PTC185307	S&A BEAUTY SERVICES PRIVATE LIMITED	Director	27-11-08	27-11-08	-	Active	NO
5	U72900DL2009PTC191558	TOPAZ IT SERVICES PRIVATE LIMITED	Director	24-06-09	24-06-09	-	Active	NO

Name :

Mr. Zoltan Varga

Designation :

Director

Address :

House D, No-84, Park Road, The Park, Hong Kong

Date of Birth/Age :

25.02.1974

Date of Appointment :

18.09.2008

DIN No.:

01336565

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	U72200TG2003PTC040445	ICONIC DESIGNS PRIVATE LIMITED	Nominee director	06-12-06	06-12-06	-	Active	NO
2	L07010KA2004PLC033412	NITESH ESTATES LIMITED	Director	17-07-07	12-01-07	08-10-09	Active	NO
3	U70101WB2003PLC096525	PRAGATI 47 DEVELOPMENT LIMITED	Director	06-10-07	12-04-07	08-09-10	Active	NO
4	U70101PN2008PTC131638	MARVELEDGE REALTORS PRIVATE LIMITED	Director	26-09-08	27-03-08	-	Active	NO
5	U70102DL2008PTC172384	P. E. ANALYTICS PRIVATE LIMITED	Director	18-09-08	18-09-08	-	Active	NO
6	U45200PN2007PTC130565	MARVEL LANDMARKS PRIVATE LIMITED	Nominee director	28-09-10	20-10-09	-	Active	NO
7	U45202PN2007PTC130271	NAIKNAVARE CONSTRUCTIONS PRIVATE LIMITED	Nominee director	20-10-09	20-10-09	-	Active	NO
8	U45202PN2007PTC129973	NAIKNAVARE HOUSING DEVELOPMENTS PRIVATE LIMITED	Nominee director	20-10-09	20-10-09	25-03-15	Active	NO
9	U74899HR2000PLC043893	ELDECO INFRASTRUCTURE AND PROPERTIES LIMITED	Director	24-09-10	21-10-09	-	Active	NO
10	U45201TN2005PTC057627	SRI CITY PRIVATE LIMITED	Director	29-09-10	21-10-09	-	Active	NO
11	U72200TG2007PLC056007	CTRL S DATACENTERS LIMITED	Additional director	22-10-09	22-10-09	-	Active	NO
12	U70102KA2007PTC043539	EPSILLON REAL ESTATE PRIVATE LIMITED	Director	22-09-10	29-10-09	-	Active	NO

Name :

Mr. Anand Balakrishna Madduri

Designation :

Nominee director

Address :

House A, 76 Peak Road, Orient Crest, The Peak, Hong Kong

Date of Birth/Age :

11.08.1972

Date of Appointment :

01.07.2013

DIN No.:

01038783

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	U72900PN2005PTC142131	PANCHSHIL CORPORATE PARK PRIVATE LIMITED	Director	20-12-06	20-12-06	07-07-08	Active	NO
2	U45200PN2005PTC143269	PANCHSHIL INFRASTRUCTURE HOLDINGS PRIVATE LIMITED	Director	21-12-06	21-12-06	07-07-08	Active	NO
3	U70102KA1990PTC027924	MANTRI DEVELOPERS PRIVATE LIMITED	Director	25-07-07	26-12-06	07-07-08	Active	NO
4	L45200MH1998PLC114818	OBEROI REALTY LIMITED	Director	29-09-07	17-01-07	07-07-08	Active	NO
5	U74899DL1979PTC010091	IHHR HOSPITALITY PRIVATE LIMITED	Director	29-03-07	29-03-07	07-07-08	Active	NO
6	U45201DL2003PTC123135	ALPHA G:CORP DEVELOPMENT PRIVATE LIMITED	Director	29-12-07	11-06-07	07-07-08	Active	NO
7	U45200TG2006PTC049680	APARNA INFRAHOUSING PRIVATE LIMITED (PART IX )	Director	26-07-07	26-07-07	07-07-08	Active	NO
8	U55701PN1991PTC134103	PREMSAGAR INFRA REALTY PRIVATE LIMITED	Additional director	12-11-07	12-11-07	07-07-08	Active	NO
9	U70102KA2007PTC043539	EPSILLON REAL ESTATE PRIVATE LIMITED	Director	25-09-13	28-06-13	-	Active	NO
10	U72200TG2007PLC056007	CTRL S DATACENTERS LIMITED	Additional director	01-07-13	01-07-13	-	Active	NO
11	U70102DL2008PTC172384	P. E. ANALYTICS PRIVATE LIMITED	Nominee director	01-07-13	01-07-13	-	Active	NO
12	U45202PN2007PTC130271	NAIKNAVARE CONSTRUCTIONS PRIVATE LIMITED	Nominee director	01-07-13	01-07-13	-	Active	NO
13	U45200PN2007PTC130565	MARVEL LANDMARKS PRIVATE LIMITED	Nominee director	01-07-13	01-07-13	-	Active	NO
14	U70101PN2008PTC131638	MARVELEDGE REALTORS PRIVATE LIMITED	Nominee director	26-09-13	01-07-13	-	Active	NO
15	U45202PN2007PTC129973	NAIKNAVARE HOUSING DEVELOPMENTS PRIVATE LIMITED	Nominee director	01-07-13	01-07-13	25-03-15	Active	NO

Name :

Mr. David Zeiden Craig

Designation :

Nominee director

Address :

Unit North-1^st Floor, Kui Yuen No-8, Tung Shan Terrace, Hong Kong

Date of Birth/Age :

03.02.1972

Date of Appointment :

02.08.2010

DIN No.:

03093851

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	U70102DL2008PTC172384	P. E. ANALYTICS PRIVATE LIMITED	Nominee director	02-08-10	02-08-10	-	Active	NO
2	U70101PN2008PTC131638	MARVELEDGE REALTORS PRIVATE LIMITED	Nominee director	20-09-10	27-08-10	-	Active	NO
3	U74200KA2008PTC046462	OCH-ZIFF REAL ESTATE INDIA PRIVATE LIMITED	Additional director	01-11-14	01-11-14	-	Active	NO
4	U74140KA2005PTC037019	OCH ZIFF INDIA PRIVATE LIMITED	Additional director	01-11-14	01-11-14	-	Active	NO
5	U72200TG2007PLC056007	CTRL S DATACENTERS LIMITED	Alternate director	10-03-15	10-03-15	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2014

Names of Shareholders		No. of Shares
Samir Jasuja		7654
AMIF RE Investments IX Limited, Mauritius		34869
AMIF I Limited, Mauritius		1
Total		42524

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2014

Category	Percentage
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	82.00
Directors or relatives of Directors	18.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Subject is primarily engaged in the business of providing data and analytics on the Indian real estate industry to its subscribers.

Brand Names :	Not Available

Agencies Held :	Not Available

Exports :	Not Available

Imports :	Not Available

Terms :	Not Available

PRODUCTION STATUS NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

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

Customers :

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

No. of Employees :

Not Available

Bankers :

Bank Name	Not Available
Branch	Not Available
Person Name (With Designation)	Not Available
Contact Number	Not Available
Name of Account Holder	Not Available
Account Number	Not Available
Account Since (Date/Year of Account Opening)	Not Available
Average Balance Maintained (If Possible)	Not Available
Credit Facilities Enjoyed (If any)	Not Available
Account Operation	Not Available
Remarks (If any)	Not Available

Auditors :
Name :	S.R Batliboi and Associates LLP Chartered Accountants
Address :	Golf View Corporate Tower-B, Sector-42, Sector Road, Gurgaon – 122002, Haryana, India
PAN N Income-tax PAN of auditor or auditor's firm :	AABFS3421N

Memberships :	--

Collaborators :	--

Holding Company:	AMIF RE Investments IX Limited

Fellow Subsidiary	AMIF RE I Limited

Enterprises significantly influenced by key management personnel:	Topaz IT Services Private Limited

CAPITAL STRUCTURE

As on 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount

4900000	Equity Shares	Rs.10/- each	Rs. 49.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

42524	Equity Shares	Rs.10/- each	Rs. 0.425 Million

FINANCIAL DATA

[all figures are in Rupees Million]

FINANCIAL DETAILS FILE ATTACHED

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	0.405	0.425	0.425
Reserves & Surplus	166.860	131.228	123.727
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	167.265	131.653	124.152

long-term borrowings	0.043	0.023	0.023
Short term borrowings	0.000	0.000	0.000
Total borrowings	0.043	0.023	0.023
Debt/Equity ratio	0.000	0.000	0.000

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)
Turnover	111.975	137.262	134.686
		22.583	(1.877)

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Turnover	111.975	137.262	134.686
Profit	(1.490)	(35.631)	(7.502)
	(1.33%)	(25.96%)	(5.57%)

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	Yes
18	Major suppliers	No
19	Major customers	No
20	Banking Details	No
21	Banking facility details	No
22	Conduct of the banking account	--
23	Financials, if provided	Yes
24	Capital in the business	Yes
25	Last accounts filed at ROC, if applicable	Yes
26	Turnover of firm for last six years	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last six years	Yes
30	Major shareholders, if available	Yes
31	External Agency Rating, if available	No
32	Litigations that the firm/promoter involved in	--
33	Market information	--
34	Payments terms	No
35	Negative Reporting by Auditors in the Annual Report	No

WORKING

The company carried on its commercial operations during the year and overall working of the company during the year has been excellent.

CORPORATE INFORMATION

Subject was incorporated on 8 January 2008 and became a subsidiary of AMIF RE Investments IX Limited with effect from 18 September 2008. The Company is primarily engaged in the business of providing data and analytics on the Indian real estate industry to its subscribers.

UNSECURED LOAN

PARTICULARS	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Long-term Borrowings
Debentures 2,346 (31 March 13: 2,346) 10% Optionally fully convertible debentures of Rs. 10 each (Debentures shall be converted and allotted as equity shares at par within three years at the option of the Company)	0.023	0.023

Total	0.023	0.023

INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY

FIXED ASSETS

Tangible assets

Computer
Office equipment
Furniture and fixtures
Leasehold improvements

Intangible assets

Computer software

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No 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.63.62
UK Pound	1	Rs.98.51
Euro	1	Rs.69.93

INFORMATION DETAILS

Analysis Done by :	KAR

Report Prepared by :	KVT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILITY	1~10	--
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	5
--RESERVES	1~10	6
--CREDIT LINES	1~10	5
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	NO
--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		43

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.