MIRA INFORM REPORT

Report No. :	348657
Report Date :	07.11.2015

IDENTIFICATION DETAILS

Name :	KARVY STOCK BROKING LIMITED
Registered Office :	46, Avenue 4, Street N, Banjara Hills, Hyderabad – 500034, Telangana
Tel. No.:	91-40-23312454
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	30.03.1995
Com. Reg. No.:	36-019877
Capital Investment / Paid-up Capital :	Rs. 22.561 Million
CIN No.: [Company Identification No.]	U67120TG1995PLC019877
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	Not Available
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Subject is engaged in the business of stock broking, distribution of financial products, depository participant activities and advisory services.
No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

A (60)

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	The Karvy Stock Broking Limited has showed the exceptional improvement in its business and financial profiles over the medium term. Rating further continues strengthen on diversification in the Karvy group’s business and earnings profile. The group has also demonstrated its ability to build significant competitive positions in multiple lines of business. Further the company derives strong management and financial support from its “Group Company” and satisfactory financial performance during FY14 (refers to the period April 01 to March 31). However, this rating strength is partially offset by KSBL’s susceptibility to uncertainties inherent in the capital market business. Trade relations are reported to be fair. Business is active. Payment terms are reported to be regular as per commitment. In view of strong group company support, the company can be considered for good business dealings with its usual trade terms and conditions.

NOTES :

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

ECGC Country Risk Classification List – March 31, 2015

Country Name	Previous Rating (31.12.2014)	Current Rating (31.03.2015)
India	A1	A1

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

EXTERNAL AGENCY RATING

Rating Agency Name	ICRA RATING
Rating	A1+ [SO]
Rating Explanation	Commercial Paper Programme
Date	JUNE 2015

RBI DEFAULTERS’ LIST STATUS

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

EPF (Employee Provident Fund) DEFAILTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2015.

INFORMATION DENIED

Management non co-operative (Tel. No.: 91-40-23312454)

LOCATIONS

Registered Office :	46, Avenue 4, Street N, Banjara Hills, Hyderabad – 500034, Telangana, India
Tel. No.:	91-40-23312454
Fax No.:	Not Available
E-Mail :	compsec@karvy.com
Zonal Office :	Located at: Telangana Karnataka Lucknow New Delhi Tamilnadu

DIRECTORS

AS ON 04.06.2014

Name :

C. Parthasarathy

Designation :

Chairman and Managing Director

Address :

D. No. 8-2-293/82/A/648, Plot No 648, Road No 34, Jubillee Hills, Hyderabad – 500034, Telanagana, India

Date of Birth/Age :

07.07.1955

Date of Appointment :

04.06.2014

DIN No.:

00079232

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	U74140TG1981PLC003122	KARVY CONSULTANTS LIMITED	Director	23/07/1981	23/07/1981	-	Active	NO
2	U74140MH1980PLC023592	NOVA CONSULTANTS LIMITED	Director	24/12/1988	24/12/1988	-	Active	NO
3	U67120TG1995PLC019877	KARVY STOCK BROKING LIMITED	Managing director	04/06/2014	26/05/1995	-	Active	NO
4	U05005TG1995PLC021217	OCEAN SPARKLE LIMITED	Director	30/09/2008	30/09/1997	-	Active	NO
5	U67120TG1997PLC026253	KARVY INVESTOR SERVICES LIMITED	Director	01/04/1998	01/04/1998	-	Active	NO
6	U24239TG2003PTC040924	EPR PHARMACEUTICALS PRIVATE LIMITED	Director	30/04/2003	30/04/2003	21/09/2011	Active	NO
7	U51909TG2003PLC042096	KARVY COMTRADE LIMITED	Director	20/11/2003	20/11/2003	-	Active	NO
8	U74140TG2003PTC041636	KARVY COMPUTERSHARE PRIVATE LIMITED	Managing director	16/02/2015	29/01/2004	-	Active	NO
9	U55101TG2004PTC043114	KONA'S FOODCOURT ON THE ROCKS PRIVATE LIMITED	Director	22/04/2004	22/04/2004	17/11/2007	Active	NO
10	U67110TG2003PLC041680	KARVY INVESTMENT ADVISORY SERVICES LIMITED	Director	30/11/2004	30/11/2004	-	Active	NO
11	U65993TG2000PLC035437	KARVY GLOBAL SERVICES LIMITED	Director	31/12/2004	31/12/2004	-	Active	NO
12	U40108DL2003PTC120409	ATHENA INFRAPROJECTS PRIVATE LIMITED	Director	29/09/2007	22/09/2006	05/01/2015	Active	NO
13	L27109AP1975PLC001919	PENNAR INDUSTRIES LIMITED	Director	19/08/2009	30/10/2008	29/01/2015	Active	NO
14	U74999TG2004PLC043292	SRISAIRAM PROJECTS LIMITED	Director	05/12/2008	05/12/2008	18/01/2013	Active	NO
15	U45400TG2009PTC062776	KARVY INFRASTRUCTURE RESOURCES PRIVATE LIMITED	Director	13/02/2009	13/02/2009	-	Active	NO
16	L24110TG1991PLC012471	GRANULES INDIA LIMITED	Director	28/08/2014	27/05/2009	-	Active	NO
17	U91110MH2009NPL193505	Financial Intermediaries Association of India	Director	23/06/2009	23/06/2009	29/09/2014	Active	NO
18	U72300TG2008PLC058738	KARVY DATA MANAGEMENT SERVICES LIMITED	Director	30/09/2009	20/07/2009	-	Active	NO
19	U74940TG2007PTC056698	MULTIDIMENSION ENTERTAINMENTS PRIVATE LIMITED	Director	08/09/2011	05/10/2010	-	Active	NO
20	U80221TG2011PTC072305	TMI e2E Academy Private Limited	Director	02/02/2011	02/02/2011	-	Active	NO
21	U65993TG2011PLC077813	Karvy Holdings Limited	Director	05/12/2011	05/12/2011	01/03/2013	Active	NO
22	U74210DL2007PTC160401	ATHENA ENERGY VENTURES PRIVATE LIMITED	Director	27/09/2012	30/03/2012	07/01/2015	Active	NO
23	U74140TG1996PTC022922	FORDE CONSULTANTS PRIVATE LIMITED	Director	30/08/2013	25/02/2013	08/10/2013	Active	NO
24	U74140TG2001PTC036741	FORDE SEARCH (I) PRIVATE LIMITED	Director	30/08/2013	25/02/2013	08/10/2013	Active	NO
25	U45400AP2008PLC057182	PENNAR ENGINEERED BUILDING SYSTEMS LIMITED	Director	30/07/2013	21/03/2013	04/12/2014	Active	NO

Name :

M. Yugandhar

Designation :

Director

Address :

Plot No. 22, Nandagiri Hills, Road No. 69, Jubilee Hills, Hyderabad – 500033, Telangana, India

Date of Birth/Age :

10.07.1951

Date of Appointment :

30.03.1995

DIN No.:

00012265

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	U74140TG1981PLC003122	KARVY CONSULTANTS LIMITED	Managing director	01/04/2011	23/07/1981	-	Active	NO
2	U74140MH1980PLC023592	NOVA CONSULTANTS LIMITED	Director	27/09/1990	27/09/1990	-	Active	NO
3	U67120TG1995PLC019877	KARVY STOCK BROKING LIMITED	Director	30/03/1995	30/03/1995	-	Active	NO
4	U67120TG1997PLC026253	KARVY INVESTOR SERVICES LIMITED	Director	24/01/1997	24/01/1997	-	Active	NO
5	L14102TG1991PLC013299	POKARNA LIMITED	Director	15/09/2014	29/03/2002	-	Active	NO
6	U85110TN1998PTC093106	RAVINDRANATH GE MEDICAL ASSOCIATES PRIVATE LIMITED	Director	22/07/2002	22/07/2002	26/03/2013	Active	NO
7	U51909TG2003PLC042096	KARVY COMTRADE LIMITED	Director	20/11/2003	20/11/2003	-	Active	NO
8	U74140TG2003PTC041636	KARVY COMPUTERSHARE PRIVATE LIMITED	Managing director	16/02/2015	29/01/2004	-	Active	NO
9	U67110TG2003PLC041680	KARVY INVESTMENT ADVISORY SERVICES LIMITED	Director	30/11/2004	30/11/2004	-	Active	NO
10	U64203AP1989PLC009561	ICOMM TELE LIMITED	Director	09/12/2004	09/12/2004	15/06/2009	Active	NO
11	U65993TG2000PLC035437	KARVY GLOBAL SERVICES LIMITED	Director	31/12/2004	31/12/2004	-	Active	NO
12	U67190MH2001PLC227379	KARVY FINANCIAL SERVICES LIMITED	Director	22/03/2005	22/03/2005	-	Active	NO
13	U55101DL2005PLC135739	GLOBAL HOSPITAL (NORTH) LIMITED	Director	03/05/2005	03/05/2005	28/03/2013	Active	NO
14	L72200TG1997PLC045396	SANKHYA INFOTECH LIMITED	Director	28/01/2006	28/01/2006	30/10/2008	Active	NO
15	U85110AP1998PTC029914	RAINBOW CHILDREN'S MEDICARE PRIVATE LIMITED	Director	28/12/2007	28/12/2007	-	Active	NO
16	U17219TG2001PLC036015	POKARNA ENGINEERED STONE LIMITED	Director	15/09/2014	29/03/2011	-	Active	NO
17	U65993TG2011PLC077813	Karvy Holdings Limited	Director	05/12/2011	05/12/2011	28/03/2013	Active	NO
18	U74200TG2005PTC045802	EESAVYASA TECHNOLOGIES PRIVATE LIMITED	Additional director	05/12/2013	05/12/2013	17/06/2014	Active	NO

Name :

M.S. Ramakrishna

Designation :

Whole Time Director

Address :

8-2-309/1 to 8, F. no. F-3, Trendset Vantage, Road No. 14, Banjara Hills, Hyderabad – 500034, Telangana, India

Date of Birth/Age :

02.01.1953

Date of Appointment :

12.01.2000

DIN No.:

00021606

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	U74140TG1981PLC003122	KARVY CONSULTANTS LIMITED	Director	23/11/1981	23/11/1981	-	Active	NO
2	U67120TG1995PLC019877	KARVY STOCK BROKING LIMITED	Whole-time director	01/04/2013	30/03/1995	24/09/2014	Active	NO
3	U67120TG1997PLC026253	KARVY INVESTOR SERVICES LIMITED	Director	12/01/2000	12/01/2000	-	Active	NO
4	L26942AP1936PLC002379	ANDHRA CEMENTS LIMITED	Director	29/07/2003	29/07/2003	17/11/2010	Active	NO
5	U51909TG2003PLC042096	KARVY COMTRADE LIMITED	Director	20/11/2003	20/11/2003	-	Active	NO
6	U74140TG2003PTC041636	KARVY COMPUTERSHARE PRIVATE LIMITED	Director	29/01/2004	29/01/2004	09/03/2015	Active	NO
7	U72200MH2003PTC189959	CKAR SYSTEMS PRIVATE LIMITED	Director	25/09/2004	25/09/2004	-	Amalgamated	NO
8	U23200MH1996PTC096730	VIZ INFRA CONSULTANTS PRIVATE LIMITED	Director	30/09/2013	03/11/2004	-	Active	NO
9	U67110TG2003PLC041680	KARVY INVESTMENT ADVISORY SERVICES LIMITED	Director	30/11/2004	30/11/2004	-	Active	NO
10	U65993TG2000PLC035437	KARVY GLOBAL SERVICES LIMITED	Director	31/12/2004	31/12/2004	-	Active	NO
11	U67190MH2001PLC227379	KARVY FINANCIAL SERVICES LIMITED	Director	22/03/2005	22/03/2005	16/09/2014	Active	NO
12	U45201DL2005PTC142310	HIGHTEC PROPCON PRIVATE LIMITED	Director	07/11/2005	07/11/2005	28/02/2007	Active	NO
13	U74899DL2005PTC143357	ECO PROPCON PRIVATE LIMITED	Director	06/12/2005	06/12/2005	25/03/2009	Active	NO
14	U40108DL2003PTC120409	ATHENA INFRAPROJECTS PRIVATE LIMITED	Director	30/09/2010	31/12/2005	-	Active	NO
15	U40101DL2005PLC141611	COUNTRYWIDE POWER TRANSMISSION LIMITED	Director	15/12/2006	06/01/2006	25/03/2015	Active	NO
16	U45201DL2005PTC141799	BISWAS BUILDCON PRIVATE LIMITED	Director	28/09/2006	16/06/2006	27/03/2009	Active	NO
17	U74140DL2004PTC128120	ATHENA PROJECTS PRIVATE LIMITED	Director	30/09/2006	01/09/2006	-	Active	NO
18	L40109TG1986PLC006745	HBL POWER SYSTEMS LIMITED	Director	30/10/2006	30/10/2006	29/05/2010	Active	NO
19	U45201DL2005PTC143358	BACKBONE PROPERTIES PVT LTD	Director	29/09/2007	05/02/2007	05/09/2008	Active	NO
20	U74899DL2005PTC142308	CONCORD REALTOR PVT LTD	Director	15/02/2007	15/02/2007	26/03/2009	Active	NO
21	U45201DL2006PTC144633	BRUMA PROPERTIES PRIVATE LIMITED	Director	29/09/2007	01/03/2007	24/02/2009	Active	NO
22	U40101HP2007PTC030686	MUTHE POWER PRIVATE LIMITED	Director	21/09/2007	14/04/2007	-	Active	NO
23	U23209AP1994PTC017623	EAST INDIA PETROLEUM Private LIMITED	Director	22/12/2007	30/09/2007	-	Active	NO
24	U45200DL2008PTC174526	AMUNRA PROPERTIES PRIVATE LIMITED	Director	26/02/2008	26/02/2008	23/03/2009	Active	NO
25	U31908AP2007PLC058993	ATHENA CHHATTISGARH POWER LIMITED	Director	27/06/2008	15/04/2008	28/12/2008	Active	NO
26	U74210DL2007PTC160401	ATHENA ENERGY VENTURES PRIVATE LIMITED	Director	23/06/2008	23/06/2008	-	Active	NO
27	U40109DL2008PTC173228	ATHENA KYNSHI POWER PRIVATE LIMITED	Director	25/09/2008	23/06/2008	14/03/2009	Active	NO
28	U40109DL2008PTC174203	ATHENA EMRA POWER PRIVATE LIMITED	Director	25/09/2008	23/06/2008	14/03/2009	Active	NO
29	U40105DL2007PLC166628	ATHENA DEMWE POWER LIMITED	Nominee director	28/06/2013	23/06/2008	-	Active	NO
30	U40100HP2005PTC028666	HIMSHAKTI PROJECTS PRIVATE LIMITED	Nominee director	01/09/2008	01/09/2008	-	Active	NO
31	U40101HP2001PTC024547	SAINJ HYDRO POWER PRIVATE LIMITED	Director	30/09/2009	21/02/2009	-	Active	NO
32	U40105TG2007PTC058753	EAST COAST ENERGY PRIVATE LIMITED	Director	01/06/2009	23/02/2009	30/12/2014	Active	NO
33	U72900MH1999PTC120346	MModal Global Services Private Limited	Director	28/09/2012	01/06/2009	18/12/2012	Active	NO
34	U74120DL2008PTC176264	AMUNRA HOLIDAYS & RESORTS PRIVATE LIMITED	Director	28/09/2010	02/09/2009	09/11/2011	Active	NO
35	U70100DL2009PTC212387	CHIRON INFRATECH PRIVATE LIMITED	Director	23/12/2010	02/12/2009	-	Active	NO
36	U45400TG2009PTC062776	KARVY INFRASTRUCTURE RESOURCES PRIVATE LIMITED	Director	09/12/2009	09/12/2009	-	Active	NO
37	U72200TG2006PTC077463	CBay Infotech Ventures Private Limited	Director	30/09/2010	30/06/2010	-	Active	NO
38	U74920TG2009PTC065653	ATHENA SECURITY SOLUTIONS INDIA PRIVATE LIMITED	Director	28/06/2011	28/06/2011	06/06/2012	Active	NO
39	U65993TG2011PLC077813	Karvy Holdings Limited	Director	05/12/2011	05/12/2011	26/03/2013	Active	NO
40	U40300DL2009PTC188690	APPL POWER PRIVATE LIMITED	Director	26/09/2012	06/12/2011	-	Active	NO
41	U29242TG2010PTC070585	AVD ENGINEERING PRIVATE LIMITED	Director	01/03/2012	01/03/2012	18/02/2013	Active	NO
42	U74120DL2010PTC205341	KOLAB INFRAPROJECTS PRIVATE LIMITED	Director	26/09/2012	07/04/2012	25/03/2015	Active	NO
43	U74999DL2012PTC236651	SATLUJ INFRAPROJECTS PRIVATE LIMITED	Director	29/05/2012	29/05/2012	25/03/2015	Active	NO
44	U40102TG2013PTC090594	AMBARI POWER PROJECTS PRIVATE LIMITED	Director	18/10/2013	18/10/2013	27/10/2014	Active	NO
45	U45209TG2013PTC091038	AUGUTUS INFRA PROJECTS PRIVATE LIMITED	Director	14/11/2013	14/11/2013	27/10/2014	Active	NO

Name :

B.D. Narang

Designation :

Director

Address :

B-64, GF, Gulmohar Park, New Delhi – 110049, India

Date of Birth/Age :

12.04.1945

Date of Appointment :

29.09.2008

DIN No.:

00038052

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	L34300DL2005PLC139163	SHIVAM AUTOTECH LIMITED	Director	14/02/2006	14/02/2006	-	Active	NO
2	U45201TG2006PTC098108	JUBILEE HILLS LANDMARK PROJECTS Private Limited	Director	29/12/2006	30/05/2006	-	Active	NO
3	U27102DL2005PLC139741	IST STEEL AND POWER LIMITED	Director	30/09/2006	30/09/2006	01/04/2011	Active	NO
4	L51909DL1988PLC101836	DISH TV INDIA LIMITED	Director	29/09/2014	06/01/2007	-	Active	NO
5	L45205TN1995PLC030231	VA TECH WABAG LIMITED	Director	07/09/2009	07/06/2007	-	Active	NO
6	U45200MH1976PLC019335	AFCONS INFRASTRUCTURE LIMITED	Director	27/09/2007	29/06/2007	26/09/2013	Active	NO
7	U22121DL2001PLC159705	AMAR UJALA PUBLICATIONS LIMITED	Director	24/08/2007	24/08/2007	28/09/2012	Active	NO
8	L29120TZ1977PLC000780	REVATHI EQUIPMENT LIMITED	Director	29/09/2014	29/09/2008	27/10/2014	Active	NO
9	U67120TG1995PLC019877	KARVY STOCK BROKING LIMITED	Director	29/09/2008	29/09/2008	-	Active	NO
10	U67110DL1996PLC079973	DSE FINANCIAL SERVICES LIMITED	Nominee director	12/11/2009	12/11/2009	11/01/2013	Active	NO
11	L35999HR1968PLC004977	LAKSHMI PRECISION SCREWS LIMITED	Director	29/09/2010	30/01/2010	26/02/2015	Active	NO
12	U74900MH2009PTC193065	Multiples Equity Fund Trustee Private Limited	Director	31/08/2010	06/07/2010	-	Active	NO
13	U85110TZ1987PTC017564	SEMAC CONSULTANTS PRIVATE LIMITED	Director	27/08/2011	04/10/2010	-	Active	NO
14	U51909WB1987PLC097552	FAIRDEAL SUPPLIES LIMITED	Additional director	25/10/2010	25/10/2010	01/04/2011	Active	NO
15	U99999DL1978PTC008855	ARVIND TECHNO ENGINEERS PRIVATE LIMITED	Director	21/09/2011	29/08/2011	-	Active	NO
16	U74899DL2003PLC120173	MAYAR HEALTH RESORTS LIMITED	Director	29/09/2012	05/11/2011	25/03/2014	Active	NO
17	U67190MH2001PLC227379	KARVY FINANCIAL SERVICES LIMITED	Director	29/04/2013	31/10/2012	-	Active	NO
18	L29220MH1989PLC052305	AKAR TOOLS LTD	Director	27/09/2013	14/02/2013	04/11/2013	Active	NO
19	U65923DL2013PTC261042	OVINGTON FINANCE PRIVATE LIMITED	Director	27/11/2013	27/11/2013	-	Active	NO
20	U27106DL2005PLC142596	SLR METALIKS LIMITED	Additional director	11/03/2015	11/03/2015	-	Active	NO

Name :

Ashish Agrawal

Designation :

Director

Address :

Flat No. 3403, D-Wing, Ashok Towers, Dr. S S Rao Road, Parel, Mumbai – 400012, Maharashtra, India

Date of Birth/Age :

22.03.1973

Date of Appointment :

29.07.2011

DIN No.:

00163344

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	U72900KA2001PTC028392	ITTIAM SYSTEMS PRIVATE LIMITED	Director	14/03/2006	14/03/2006	03/08/2007	Active	NO
2	U72900KA1995PTC017128	SIRI TECHNOLOGIES PRIVATE LIMITED	Nominee director	15/03/2006	15/03/2006	01/08/2007	Strike off	NO
3	U99999MH2005PLC157078	TIMES INNOVATIVE MEDIA LIMITED	Alternate director	14/05/2008	14/05/2008	22/08/2008	Active	NO
4	U74140MH2009PTC216794	BPEA Advisors Private Limited	Director	21/09/2010	16/07/2009	-	Active	NO
5	U67120TG1995PLC019877	KARVY STOCK BROKING LIMITED	Director	29/07/2011	29/06/2010	-	Active	NO
6	U80301MH2010PTC198445	GIIS K12 EDUCATION PRIVATE LIMITED	Nominee director	10/08/2011	10/08/2011	20/04/2015	Active	NO
7	U45400DL2010PTC202150	ATNT Infrastructure Services Private Limited	Nominee director	29/09/2012	28/11/2011	20/04/2015	Active	NO
8	U72900MH2010PTC201850	GIF TECHNOLOGIES PRIVATE LIMITED	Nominee director	29/09/2012	12/12/2011	20/04/2015	Active	NO

KEY EXECUTIVES

Name :	Y. Silaja
Designation :	Company Secretary
Address :	Flat No. 204, Triveni Apartments, Srinagar Colony, Hyderabad – 500073, Telengana, India
Date of Birth/Age :	04.06.1971

MAJOR SHAREHOLDERS

AS ON 04.06.2014

Names of Shareholders	No. of Shares
Mr. C. Parthsarathy	259304
Mr. M. S. Ramakrishna	223966
Ms. M Rajini	223966
Mr. Rajat Parthasarthy	2416
Mr. Adhiraj Parthsarathy	2416
C. Parthasarathy - HUF	766
Karvy Consultants Limited, India	453035
Compar Estates and Agencies Private Limited, India	343310
Adhirajat Commercial Enterprises Private Limited, India	48704
IDBI Trusteeship Services Limited, India	418918
Barring Private Equity Asia IV Mauritius Holding (I) Limited, Mauritius	279278
Total	2256079

Equity Share Break up (Percentage of Total Equity)

AS ON 04.06.2014

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	12.38
Bodies corporate	56.02
Directors or relatives of Directors	31.60
Total	100.00

BUSINESS DETAILS

Line of Business :	Subject is engaged in the business of stock broking, distribution of financial products, depository participant activities and advisory services.
Products :	Not Divulged
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Divulged
Imports :	Not Divulged
Terms :	Not Divulged

GENERAL INFORMATION

Suppliers :

Not Divulged

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

Customers :

Not Divulged

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

No. of Employees :

Information declined by the management

Bankers :

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

Facilities :

(Rs. In Million)

SECURED LOAN	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWING
Rupee term loan from banks	2100.000	3172.508
SHORT TERM BORROWING
Rupee term loan from banks	646.307	246.157
Total	2746.307	3418.665

Auditors :
Name :	BSRR and Company Chartered Accountant
Address :	Reliance Humsafar, IV Floor, Road No 11, Banjara Hills, Hyderabad – 500034, Telengana, India
PAN No.:	AAKFB1884H
Memberships :	--
Collaborators :	--
Associates :	Karvy Investor Services Limited Karvy Comtrade Limited Karvy Investment Advisory Services Limited Karvy Data Management Services Limited Karvy Financial Services Limited Karvy Forex and Currencies Private Limited Karvy Realty (India) Limited Karvy Capital Limited Karvy Holding Limited Karvy Asia Pacific Pte Limited
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives :	Karvy Consultants Limited Karvy Computershare Private Limited

CAPITAL STRUCTURE

AS ON 04.06.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
3000000	Equity Shares	Rs.10/- each	Rs. 30.000 Million
300000	Preference Shares	Rs. 100/- each	Rs. 30.000 Milllion
	Total		Rs. 60.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
2256079	Equity Shares	Rs.10/- each	Rs. 22.561 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	22.561	22.561	22.561
(b) Reserves & Surplus	3591.089	3544.417	3502.254
(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)	3613.650	3566.978	3524.815
(3) Non-Current Liabilities
(a) long-term borrowings	2100.000	3172.508	3205.556
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	18.852	13.158	4.619
Total Non-current Liabilities (3)	2118.852	3185.666	3210.175
(4) Current Liabilities
(a) Short term borrowings	2446.307	2613.605	2396.729
(b) Trade payables	1020.207	945.560	1007.718
(c) Other current liabilities	996.134	508.735	547.868
(d) Short-term provisions	12.010	30.464	48.057
Total Current Liabilities (4)	4474.658	4098.364	4000.372
TOTAL	10207.160	10851.008	10735.362
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	1299.412	1342.150	1235.363
(ii) Intangible Assets	16.182	18.450	1.575
(iii) Capital work-in-progress	308.676	298.000	363.843
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	1892.307	1851.383	1739.255
(c) Deferred tax assets (net)	12.894	12.894	12.894
(d) Long-term Loan and Advances	473.482	369.106	346.838
(e) Other Non-current assets	2276.235	130.812	2827.748
Total Non-Current Assets	6279.188	4022.795	6527.516
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	4.137	4.521	4.521
(c) Trade receivables	1419.558	1587.022	1636.327
(d) Cash and cash equivalents	968.966	3911.418	985.954
(e) Short-term loans and advances	1464.511	1279.647	1508.856
(f) Other current assets	70.800	45.605	72.188
Total Current Assets	3927.972	6828.213	4207.846
TOTAL	10207.160	10851.008	10735.362

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	2060.139	2042.806	2148.585
		Other Income	780.503	651.059	417.311
		TOTAL	2840.642	2693.865	2565.896
Less	EXPENSES
		Employees benefits expense	855.299	845.124	720.147
		Other expenses	913.138	856.570	962.267
		TOTAL	1768.437	1701.694	1682.414
	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		1072.205	992.171	883.482
Less	FINANCIAL EXPENSES		902.088	840.587	631.872
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		170.117	151.584	251.610
Less/ Add	DEPRECIATION/ AMORTISATION		123.446	109.421	114.687
	PROFIT BEFORE TAX		46.671	42.163	136.923
Less	TAX		0.000	0.000	0.000
	PROFIT AFTER TAX		46.671	42.163	136.923
	Earnings Per Share (Rs.)		20.69	18.69	16.96

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	NA	NA	NA
Cash generated from operations	NA	NA	NA
Net cash flow from (used in) operation	NA	NA	NA

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	2.27	2.06	6.37
Operating Profit Margin (PBIDT/Sales)	(%)	52.05	48.57	41.12
Return on Total Assets (PBT/Total Assets}	(%)	0.58	0.49	1.59
Return on Investment (ROI) (PBT/Networth)		0.01	0.01	0.04
Debt Equity Ratio (Total Debt /Networth)		1.26	1.62	1.59
Current Ratio (Current Asset/Current Liability)		0.88	1.67	1.05

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	22.561	22.561	22.561
Reserves & Surplus	3502.254	3544.417	3591.089
Share Application money pending allotment	0.000	0.000	0.000
Net worth	3524.815	3566.978	3613.650
long-term borrowings	3205.556	3172.508	2100.000
Short term borrowings	2396.729	2613.605	2446.307
Current Maturities of Long Term Debt	0.000	0.000	0.000
Total borrowings	5602.285	5786.113	4546.307
Debt/Equity ratio	1.589	1.622	1.258

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	2148.585	2042.806	2060.139
		-4.923	0.848

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	2148.585	2042.806	2060.139
Profit	136.923	42.163	46.671
	6.37%	2.06%	2.27%

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

UNSECURED LOAN

Particulars	As on 31.03.2014	As on 31.03.2013
SHORT TERM BORROWING
Commercial paper	1800.000	2000.000
Other loans and advances	0.000	367.448
Total	1800.000	2367.448

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10591443	24/08/2015	400,000,000.00	THE KARUR VYSYA BANK LIMITED	R.P. Road Branch, R.P. Road, SECUNDERABAD, Telang  ana - 500003, INDIA	C64327281
2	10590401	27/07/2015	550,000,000.00	DCB BANK LIMITED	No.6, Rajaji Road,, Nungambakam, Chennai, Tamil N  adu - 600034, INDIA	C63836548
3	10586598	25/07/2015	1,500,000,000.00	Indusind Bank Limited	100, Laxmi,, Sardar Patel Road, Begumpet,, Secund  erad, Telangana - 500003, INDIA	C61952586
4	10574239	19/05/2015	320,000,000.00	IL & FS TRUST COMPANY LIMITED	IL & FS FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRA  , KURLA COMPLEX BANDRA EAST, MUMBAI, Maharashtra  - 400051, INDIA	C56080203
5	10435442	04/08/2014 *	100,000,000.00	THE KARUR VYSYA BANK LIMITED	POST BOX NO.21,, ERODE ROAD, KARUR, Tamil Nadu -  639002, INDIA	C15544331
6	10390943	14/10/2015 *	200,000,000.00	KOTAK MAHINDRA BANK LIMITED	27BKC, C 27, G Block, Bandra Kurla Complex, Bandr  a (E),, Mumbai, Maharashtra - 400051, INDIA	C68902170
7	10277495	29/12/2011 *	3,150,000,000.00	IDBI TRUSTEESHIP SERVICES LIMITED	Asian Bldg., Ground Floor, 17, R.Kamani Marg,, Ba  llard Estate,, MUMBAI, Maharashtra - 400001, INDIA	B28446292
8	10276522	16/03/2011	250,000,000.00	Axis Bank Limited	TRISHUL 3RD FLOOR OPP SAMARTHESHWAR TEMPLE, LAW G  ARDEN ELLISBRIDGE, AHMEDABAD, Gujarat - 380006, IN  DIA	B09036641
9	90119306	28/05/2013 *	1,050,000,000.00	IDBI Bank Limited	5-9-89/1& 2, Chapel Road, Hyderabad, Andhra Prade  sh - 500001, INDIA	B78671880

* Date of charge modification

FIXED ASSETS

• Land
• Buildings
• Plant and Equipments
• Furniture and Fittings
• Vehicles
• Office Equipments
• Computer Equipments
• Other Equipments

PRESS RELEASE

SEBI BANS KARVY STOCK BROKING FROM NEW IPO WORK FOR ONE YEAR

NEW DELHI: Sebi today barred Karvy Stock Broking Ltd (KSBL) from taking up new primary market assignments, including bidding in initial share sales, for one year in a case related to IPO scam during 2003-2005 period

However, Sebi has allowed the entity to continue with primary market activities that have been undertaken before today's order.

It was alleged that the entity played an active role in aiding and abetting key operators in cornering of shares in IPO's (Initial Public Offer) of various firms.

In an order, Sebi directed "KSBL not to undertake new primary market assignment including acting as syndicate member or providing syndication services (procuring IPO applications and bidding in IPOs), directly or indirectly, in IPOs for a period of one year."

The ruling follows a Securities Appellate Tribunal (SAT) direction, issued in January this year, where Sebi was asked to pass a fresh order within four months. In March 2014, the regulator had barred KSBL from taking up new assignment for six months as a stock broker.

SAT's order came after it was found that the regulator did not permit the brokerage to cross-examine Bharat Overseas Bank's Ahmedabad Branch Manager Devi Dutt in the case.

In its investigations into IPO scam, Sebi found that many individuals and entities had opened various demat accounts in fictitious/benami names and made large number of applications in the IPOs in the category of retail investors (each of the applications being of small value as to make it eligible for allotment under the retail category).

These key operators were found to have cornered the shares issued in the IPOs by using these fictitious accounts. On allotment of shares under retail category, the same were transferred to demat accounts of the key operators who subsequently transferred the shares in off-market deals to ultimate beneficiaries who were the financiers in the IPOs.

The probe had prima facie observed that the Karvy Group -- comprising KSBL, Karvy Consultants Limited, Karvy Computershare Private Limited, Karvy Securities Ltd and Karvy Investor Services Limited -- had allegedly assisted, aided and abetted the key operators in cornering the shares issued in the IPOs.

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. 65.79
UK Pound	1	Rs. 99.95
Euro	1	Rs. 71.55

INFORMATION DETAILS

Information Gathered by :	SPR
Analysis Done by :	KAS
Report Prepared by :	JYO

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	7
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	7
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	7
--PROFITABILITY	1~10	6
--LIQUIDITY	1~10	7
--LEVERAGE	1~10	6
--RESERVES	1~10	7
--CREDIT LINES	1~10	7
--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		60

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.