MIRA INFORM REPORT

Report No. :	338481
Report Date :	10.09.2015

IDENTIFICATION DETAILS

Name :	GREENERGY WIND CORPORATION PRIVATE LIMITED
Registered Office :	No.3, 2nd Floor, Queens Road Cross, Congress Committee Office, Bangalore – 560052, Karnataka
Tel. No.:	91-80-41456666 / 41456663 / 49222222
Country :	India
Financials (as on) :	31.03.2015 [Provisional]
Date of Incorporation :	06.02.2012
Com. Reg. No.:	08-062414
Capital Investment / Paid-up Capital :	Rs.402.500 Million
CIN No.: [Company Identification No.]	U40104KA2012PTC062414
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAECG5827A
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is engaged in the business of installation of wind mills and power generation.
No. of Employees :	10 (Approximately)

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 an established company incorporated during the year 2012. It is engaged in the business of installation of wind mills and power generation. It has a satisfactory track record. For the financial year ended 2014, the company has an improved operational performance. In comparison with previous year it has earned some profit during this year, which has helped wiping off its accumulated losses. Further, the company has good capital structure, decent networth base and it is a part of established group i.e. Golden Group. As nit has limited nosiness track record in future it seems to be going a long way. Trade relations are reported as fair. Business is active. Payment terms are usually correct. In view of a part of established group, 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 – 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	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 31-03-2013.

INFORMATION PARTED BY

Name :	Mr. Jeros Bhoja
Designation :	Sales Head
Contact No.:	91-9900033041
Date :	08.09.2015

LOCATIONS

Registered Office / Power Service Office 1:	No.3, 2nd Floor, Queens Road Cross, Congress Committee Office, Bangalore – 560052, Karnataka, India
Tel. No.:	91-80-41456666 / 41456663 / 49222222
Mobile No.:	91-9900033041 / 9900002752 (Mr. Jeros Bhoja)
Fax No.:	91-80-41456668  / 49222249
E-Mail :	cmd@goldengrp.co.in fahad@goldengrp.co.in
Website :	http://greenergycorp.in
Location :	Owned
Factory 1 / Farms / Power Service Office 2 :	Sambalpur and Hatelgiri Villages, Gadga Taluka, Gadga Village Kalsapur and Nagavi Village, Gadga Taluka, Gadga Village
Factory 2 :	Hubli, Karnataka, India

DIRECTORS

AS ON 30.09.2014

Name :	Mr. Syed Mustafa Kamalpasha
Designation :	Director
Address :	# 03, 4th Main Road Jayamahal, Extension, Bangalore - 560046, Karnataka, India
Date of Birth/Age :	01.01.1954
Qualification :	BA, LLB
Date of Appointment :	06.02.2012
PAN No.:	ADCPK8497N
DIN No.:	01829374
Name :	Mrs. Naseem Kamal
Designation :	Director
Address :	# 03, 4th Main Road, Jayamahal, Extension, Bangalore - 560046, Karnataka, India
Date of Birth/Age :	04.04.1962
Date of Appointment :	06.02.2012
DIN No.:	01829410
Name :	Mr. Syed Fahad
Designation :	Director
Address :	#03, 4th Main Road, Jayamahal, Extension, Bangalore - 560046, Karnataka, India
Date of Birth/Age :	14.06.1987
Qualification :	MBA [Finance]
Date of Appointment :	06.02.2012
DIN No.:	01865406

KEY EXECUTIVES

Name :	Mr. Jeros Bhoja
Designation :	Sales Head

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2014

Names of Shareholders [Equity Share]	No. of Shares	%age holding
Syed Mustafa Kamalpasha	40,000	40.00
Naseem Kamal	30,000	30.00
Syed Fahad	30,000	30.00
Total	100,000	100.00

Names of Shareholders [Preference Share]	No. of Shares	%age holding
Syed Mustafa Kamalpasha	20,806,667	51.82
Naseem Kamal	8,573,333	21.35
Syed Fahad	10,770,000	26.82
Total	40,150,000	100.00

AS ON 30.09.2014

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Subject is engaged in the business of installation of wind mills and power generation.
Products / Services :	Wind mills and power generation
Brand Names :	Not Divulged
Agencies Held :	Not Divulged
Exports :	Not Divulged
Imports :	Not Divulged
Terms :
Selling :	Credit (30 days)
Purchasing :	Credit (30 days)

PRODUCTION STATUS

Particulars	Unit	Licensed Capacity	Installed Capacity	Actual Production
Wind Energy	MW	--	16	16

GENERAL INFORMATION

Suppliers :

Reference :	Wind World (India) Limited [ENERCON]
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 :

End Users

Reference :	Hubli Electricity Supply Company Limited
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

Reference :	Columbia Asia Hospitals, Bangalore
Name of the Person :	Mr. Suresh
Contact No.:	91-9663379448

Reference :	Aricent Technologies, Bangalore
Name of the Person :	Mr. Rahul
Contact No.:	91-8123230753

No. of Employees :

10 (Approximately)

Bankers :

Bank Name	Indian Overseas Bank
Branch	Residency Road, Bangalore, Karnataka, India
Person Name (With Designation)	Syed Fahad (Director)
Contact Number	91-9900002752 / 91-80-49222222
Name of Account Holder	Greenergy Wind Corporation Private Limited
Account Number	02682000002560
Account Since (Date/Year of Account Opening)	18.01.2014
Average Balance Maintained (If Possible)	Rs.6.050 Million [2014-2015]
Credit Facilities Enjoyed (If any)	LC Limited : Rs.90.000 Million
Account Operation	Satisfactory
Remarks (If any)	--

Facilities :

Secured Loan	31.03.2015 (Provisional)
	(Rs. in Million)
Loans	600.000
Total	600.000

Secured Loan	31.03.2014 (Rs. in Million)
Long-term Borrowings
IREDA [Secured by charge on assets of the company]	150.588
Total	150.588

Financial Institution:	Indian Renewable Energy Development Agency Limited, India Habitat Centre, 1st Floor, East Court Core, 4 A Lodhi Road, New Delhi - 110003, India
Auditors :
Name :	S.S. Nayak Chartered Accountant
Address :	1st Floor, Ibrose Commercial Complex, M G Road, Mangalore – 575003, Karnataka , India
Tel. No.:	91-824-2496196 / 2496296 / 2496396 / 2496496
Mobile No.:	91-9845321005
Fax No.:	91-824-4272767
E-Mail :	ssnayakoffice@gmail.com
PAN No.:	ABEPN2208A
Memberships :	---
Collaborators :	---
Sister Concern :	Golden Hatcheries Golden Feeds Standard Farms

CAPITAL STRUCTURE

AS ON 31.03.2015 [PROVISIONAL]

Authorised Capital :

No. of Shares	Type	Value	Amount
100,000	Equity Shares	Rs.10/- each	Rs.1.000 Million
40,150,000	Cumulative Preference Shares	Rs.10/- each	Rs.401.500 Million
	Total		Rs.402.500 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
100,000	Equity Shares	Rs.10/- each	Rs.1.000 Million
40,150,000	Cumulative Preference Shares	Rs.10/- each	Rs.401.500 Million
	Total		Rs.402.500 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES FO FUNDS		31.03.2015 [Provisional]
1] Share Capital		402.500
2] Share Application Money		0.000
3] Reserves & Surplus		2.737
4] (Accumulated Losses)		0.000
NETWORTH		405.237
LOAN FUNDS
1] Secured Loans		600.000
2] Unsecured Loans		37.743
TOTAL BORROWING		637.743
DEFERRED TAX LIABILITIES		0.055
TOTAL		1043.035
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		53.040
Capital work-in-progress		802.523
INVESTMENT		0.000
DEFERRED TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000
	Sundry Debtors	22.584
	Cash & Bank Balances	6.379
	Other Current Assets	39.076
	Loans & Advances	96.352
Total Current Assets		164.391
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	(36.960)
	Other Current Liabilities	0.000
	Provisions	13.879
Total Current Liabilities		(23.081)
Net Current Assets		187.472
MISCELLANEOUS EXPENSES		0.000
TOTAL		1043.035

SOURCES OF FUNDS	31.03.2014	31.03.2013
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	402.500	9.100
(b) Reserves & Surplus	1.857	(0.264)
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000
Total Shareholders’ Funds (1) + (2)	404.357	8.836
(3) Non-Current Liabilities
(a) long-term borrowings	188.331	230.995
(b) Deferred tax liabilities (Net)	0.055	0.000
(c) Other long term liabilities	0.000	0.000
(d) long-term provisions	0.000	0.000
Total Non-current Liabilities (3)	188.386	230.995
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000
(b) Trade payables	75.793	0.000
(c) Other current liabilities	0.000	0.000
(d) Short-term provisions	0.676	0.017
Total Current Liabilities (4)	76.469	0.017
TOTAL	669.212	239.848
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	5.682	6.711
(ii) Intangible Assets	0.000	0.000
(iii) Capital work-in-progress	461.874	48.945
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.118
(d) Long-term Loan and Advances	175.935	0.000
(e) Other Non-current assets	0.247	0.329
Total Non-Current Assets	643.738	56.103
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	0.000	0.000
(c) Trade receivables	0.020	0.000
(d) Cash and cash equivalents	24.398	0.097
(e) Short-term loans and advances	0.000	183.648
(f) Other current assets	1.056	0.000
Total Current Assets	25.474	183.745
TOTAL	669.212	239.848

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2015 [Provisional]
	SALES
	Income	67.770
	Other Income	0.000
	TOTAL	67.770
Less	EXPENSES
	Cost of Goods Sold	0.000
	Direct Exposes	0.569
	Insurance Charges	0.228
	Bank Charges	0.002
	Consultancy Charges	0.486
	LD Charges of IREDA	0.139
	Legal and Profession Charges	1.275
	Loan Processing Charges	0.032
	Rate and Taxes	0.003
	IREDA – Interest Account	64.156
	TOTAL	66.890
	NET PROFIT / (LOSS)	0.880
	Earnings / (Loss) Per Share (Rs.)	0.02

	PARTICULARS	31.03.2014	31.03.2013
	SALES
	Income	6.779	0.800
	Other Income	0.365	0.000
	TOTAL	7.144	0.800
Less	EXPENSES
	Other expenses	3.201	0.190
	TOTAL	3.201	0.190
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	3.943	0.610
Less	FINANCIAL EXPENSES	0.000	0.000
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	3.943	0.610
Less/ Add	DEPRECIATION/ AMORTISATION	1.111	0.991
	PROFIT/ (LOSS) BEFORE TAX	2.832	(0.381)
Less	TAX	0.712	(0.117)
	PROFIT/ (LOSS) AFTER TAX	2.120	(0.264)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD	(0.264)	0.000
	Balance Carried to the B/S	1.856	(0.264)
	Earnings / (Loss) Per Share (Rs.)	68.3	(26.36)

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2015 [Provisional]	31.03.2014	31.03.2013
Current Maturities of Long term debt	NA	NA	NA
Cash generated from operations	NA	NA	NA
Net cash flow from (used in) operations	NA	NA	NA

KEY RATIOS

PARTICULARS		31.03.2015 [Provisional]	31.03.2014	31.03.2013
Net Profit Margin (PAT / Sales)	(%)	1.30	31.27	(33.00)
Operating Profit Margin (PBIDT/Sales)	(%)	NA	58.16	76.25
Return on Total Assets (PBT/Total Assets}	(%)	0.40	1.37	(0.20)
Return on Investment (ROI) (PBT/Networth)		0.00	0.01	(0.04)
Debt Equity Ratio (Total Debt /Networth)		1.57	0.47	26.14
Current Ratio (Current Asset/Current Liability)		(7.12)	0.33	10808.53

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT/EQUITY RATIO

Particular	31.03.2013	31.03.2014	31.03.2015 [Provisional]
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	9.100	402.500	402.500
Reserves & Surplus	(0.264)	1.857	2.737
Net worth	8.836	404.357	405.237
Secured Loans	230.995	150.588	600.000
Unsecured Loans	0.000	37.743	37.743
Total borrowings	230.995	188.331	637.743
Debt/Equity ratio	26.142	0.466	1.574

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2013	31.03.2014	31.03.2015 [Provisional]
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	0.800	6.779	67.770
		747.375	899.705

NET PROFIT MARGIN

Net Profit Margin	31.03.2013	31.03.2014	31.03.2015 [Provisional]
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	0.800	6.779	67.770
Profit/Loss	(0.264)	2.120	0.880
	(33.00%)	31.27%	1.30%

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	Yes
8	Designation of contact person	Yes
9	Promoter’s background	Yes
10	Date of Birth of Proprietor / Partners / Directors	Yes
11	Pan Card No. of Proprietor / Partners	Yes
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	Yes
17	Details of sister concerns	Yes
18	Major suppliers	Yes
19	Major customers	Yes
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	Yes
35	Negative Reporting by Auditors in the Annual Report	No

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UNSECURED LOAN

PARTICULARS	31.03.2015 (Provisional)
	(Rs. in Million)
Loans	37.743
Total	37.743

PARTICULARS	31.03.2014 (Rs. in Million)
Long-term Borrowings
Loans from related parties
Golden Feeds	10.000
Mr. Syed Fahad	6.743
Mrs. Naseem Kamal	21.000
Total	37.743

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COMPUTATION TOTAL INCOME

ASSESSMENT YEAR 2014-2015

(RS. IN MILLION)

Particulars	2014-2015
PROFIT AND GAINS OF BUSINESS OR PROFESSION
Net profit as per Profit and Loss Account		2.832
Add: Depreciation charged in Profit and Loss Account		1.029
Audit Fess		0.056
Professional Charges		0.073
		3.990
Less : Allowable Depreciation		0.972
		3.018
Less : Income to be treated separately accrued Interest on Fixed Deposit		0.365
		2.653
Less : Unabsorbed Depreciation loss of Year 2013-2014 fully set off		0.615
Total			2.038
INCOME FROM OTHER SOURCES
Accrued Interest on Fixed Deposit			0.365
Gross Total Income			2.403
Less : Deduction u/s 80 IA (iv)			2.038
Total Taxable Income			0.365
Total Taxable Income rounded off u/s/ 288A		0.365
Income Tax on above		0.110
Add: Education Cess @3%		0.003	0.113
Minimum Alternate Tax			0.539
Higher of the above			0.539
Less : TDS			0.036
Total			0.503
Add :
Interest u/s 234 A	0.005
Interest u/s 234 B	0.035
Interest u/s 234 C	0.025	0.065	0.065
Tax payable with Interest			0.568
Less : Self-Assessment Tax Paid 140 A			0.568
TOTAL TAX PAYABLE			----

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NETWORTH STATEMENT

MRS. NASEEM KAMAL

AS ON 31.03.2014

(RS. IN MILLION)

DETAILS OF ASSETS

IMMOVABLE PROPERTY

Place	Address	Property details	Owner	Market Value (as per valuation report)	Share in the property
Bangalore	No.3, Thimmaiah road, Millers Tank Bund Road, Bangalore	No.3	Mrs. Naseem Kamal	35.528	100.00%
Bangalore	Nagavara Village, Kasabha Hobli, Bangalore	Katha No.102/15/3	Mrs. Naseem Kamal	16.400	100.00%
Hiryur	Anesidri Village, Javanagondana Halli Hobli, Hiryur, Chitradurga	Sy. No.114/2, 7 Acres	Mrs. Naseem Kamal	7.004	100.00%
Total [A]				58.932

MOVABLES PROPERTY

Particulars	Amount
Investment in
Principal Firm Other Firm	Nil Nil
Advance to suppliers	107.629
Share / Debentures	0.151
Investment Government Securities	0.066
Any other assets	1.510
Balance With bank	0.075
Cash in Hand	0.568
Life Insurance	Nil
Jewellery	Nil
Vehicles	Nil
Total [B]	110.000

DETAILS OF LIABILITIES

Particulars		Amount
Due to bank	58.932	0.833
Sundry Creditors	110.000	Nil
Borrowing from Market	-111.298	Nil
Debit Balance shown in Balance Sheet of any firm in which you have interest	57.634	Nil
Any other liabilities		111.298
Total [C]		111.298

NETWORTH

=Total Assets – Total Liabilities =58.932+110.000-111.298 =Rs.57.634 Million

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

NETWORTH STATEMENT

MR. SYED FAHAD

AS ON 31.03.2014

(RS. IN MILLION)

IMMOVABLE PROPERTY

Place	Address	Property details	Owner	Market Value (as per valuation report)	Share in the property
Bangalore	No.3, Queens Road, Thimmaiah Road, Millers Tank Bund Road, Bangalore	Commercial Building No.2	Mr. Syed Fahad	38.280	100.00%
Total [A]				38.280

MOVABLES PROPERTY

Particulars	Amount
Investment in Standard Farm	109.665
Balance With bank	0.287
Cash in Hand	2.019
Life Insurance	Nil
Jewellery	Nil
Vehicles	Nil
Advance to suppliers	111.964
Share / Debentures	0.052
Investment Government Securities	0.686
Any other assets	Nil
Total [B]	224.673

DETAILS OF LIABILITIES

Particulars	Amount
Due to bank	Nil
Sundry Creditors	Nil
Borrowing from Market	Nil
Debit Balance shown in Balance Sheet of any firm in which you have interest	Nil
Any other liabilities	114.137
Total [C]	114.137

NETWORTH

=Total Assets – Total Liabilities =38.280+224.673-114.137 =Rs.148.816 Million

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PROFILE

Brief Group Profile

GOLDEN GROUP one of the largest Hatching egg poultry companies in Karnataka. This is a 30 year old company. Greenergy Wind Corporation Private Limited is a fully owned subsidiary of their company.

They have the entire range of poultry operations starting from Research and Breeding genetics to Producing of Hatching eggs, to live chicken to operating Chicken processing plants and finally retailing it to end users like hotels, Caterers, etc.

They are a diversified group having interests in Poultry, Trading, Biofuels, Land and Real estate development, Cattle and Poultry Feed Milling and Renewable energy.

In the renewable energy sector, they are 3 years old. Their first plant was commissioned in March 2011, at Gadag. They are in fact one of the first - companies in Karnataka to start Third party of power selling from their wind farms in Karnataka.

They can provide extended power services in other states like Maharashtra and Tamilnadu through their associates.

They currently own an operating capacity of 3 1 Mw, and they have an additional 50 Mw in various stages of development. They are one of the first companies to start third party wheeling of energy. Their customers include Tata Motors (Dharwad), Prestige Constructions (Prestige Dynasty), Wipro Limited (Bangalore and Chennai), Igate Technologies, Columbia Asia Hospitals, Total Mall (Jubilant Group) among many others.

They can provide energy both in Group captive as well as Third party sale model.

They currently generate and sell 65 million units of power as of 30th of March 2014. The same would go up to 100 million by 30' March 2015.

Till Date none of their customers have left them and opted for any other service provider, this speaks of the high degree of service and professionalism that they maintain.

Unlike many other power companies, they first set up the power plant and then offer the power to the customers.

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PROMOTOR’S PROFILE

Mr. Syed Fahad has been actively involved with the working of the poultry industry since the beginning of 2003. He has taken active part in his father Mr. Kamal Pasha's company Golden. Hatcheries from a very young age. Golden Hatcheries is a leading poultry company in India, primarily dealing in Hatching Egg sales. Mr. Syed Fahad is the youngest promoter in the Indian poultry industry and has already completed placement of 0.120 Million birds in his company, Standard Farms. He has a vision to make his company one of the best managed and professionally run large poultry enterprise in the country.

The Poultry Industry is driven more by practical knowledge of various things rather than Theoretical knowledge. Mr. Kamal has been in the industry since 1987 and when it comes to Poultry, he is considered an ocean of Knowledge with a number of industry leaders seeking his advice on various matters. Mr. Kamal was also the Ex-Vice President of the Karnataka Hatcheries Association (KHA) and his son Mr. Syed Fahad has been attending a number of the quarterly meetings of the KHA, Thereby giving him a platform to interact with the other promoters of this growing industry. Impressed by his caliber the association has made him a major member of the Executive committee, and has also given him the charge for fixing the PAN India Hatching egg prices across the country at the moment.

Qualification wise Mr. Syed Fahad is a Masters in Business Administration (MBA) in Finance from the Ohio University, USA. He was conferred with an award for academic excellence by the University for maintaining his overall percentage consistently above 90%. He completed his Bachelors in Business Management (BBM) in Finance from St. Josephs Commerce College, with a first class degree. He completed his Pre-University studies again from St. Josephs and his schooling from Bishop Cotton Boys School. All through his academic life Mr. Syed Fahad has been constantly been among the top ranking students. He is highly regarded by all of his teachers for the flexibility with which he used to manage work.

Mr. Syed Fahad was very instrument in setting up the Wind Division of the company. He completed his first successful project in 201 1 and then has gone on to add substantial capacity year on year. He is also the major shareholder and director of their fully owned subsidiary Greenergy Wind Corp that is executing large renewable energy projects.

Mr. Syed Fahad has worked with 3 companies during his academic career. He worked for Golden Hatcheries in 2005, evaluating the market for Branded chicken in India, the conclusion for the same project being Non Favorable at that time. He also worked for Tech Steel India, a Barrel manufacturing Company based in Dubai, and having one of its factories in Bangalore India. The job profile was to evaluate the overall working of the company and suggest corrective measures at various levels to keep quality of the product in control, his job also involved devising a simple yet effective purchase procedure and new practices to eliminate wastage.

During his MBA, He worked with Vikram Logistics Maritime and Services. His project was to help the company narrow down on a location to set up an FTWZ In the country. It was a project worth 2000 Million. And the company went ahead with the Suggestions given to them by Mr. Syed Fahad's Team to set up the FTWZ near Ennore Port. The company also gave the best Team Award for the project to Syed Fahad for the same.

Mr. Syed Fahad has constantly proved that he has the potential to deliver results all across his academic and professional career. He has consistently delivered to the expectation of his Mentors. and Colleague's. backed by the immense knowledge of his Father Mr. Kamal Pasha, His educational @accomplishments in the field of management and the Financial strength of Golden hatcheries, Mr. Syed Fahad is all set to give the Poultry and renewable energy Industry a new dimension to work with.

Mr. Kamal Pasha started Golden Hatcheries back in 1985, with 500 birds. His vision for the company at that time was to have a total capacity of at least 10,000 birds. Over the past. 25 years Golden Hatcheries has become one of the most prominent companies in hatching egg sales and is considered to be the best when it comes to product quality on any of the parameters like and hatchability or packaging or timely delivery.

Mr. Pasha surpassed the goal of having 10,000 birds and has established facilities of the capacity of 1,000,000 birds as on date. The longer-term vision is to have a capacity of 2 million birds' housed in company owned facilities by 2020. The commitment of Mr. Kamal to the business has ensured that all the activities of the organization are implemented in the best way possible such that each and every customer of the company remains happy while doing transactions with him.

Mr. Kamal Pasha is a socially concerned man too. Back in 1987 he saw that the country has a huge pool of illiterate people who needed employment. Projecting that in the future there would be very few industries, which could provide employment to the uneducated classes, and to provide them with a good standard of living he ventured into the Poultry sector. Even today all the 500 people at the firm's factories and various facilities are youth who have not been able to secure education for various reasons.

Mr. Kamal Pasha himself is a B.A.L.L.B by qualification. He has been one of the founding members and Ex Vice President of the Karnataka Hatcheries Association. He has been actively involved in Politics, and is a renowned man in the business field. His company Golden Hatcheries is a highly regarded FM in the Poultry sector. Apart from poultry he also has interests in Real estate and Land development. He has investments in Windmill's to the tune of 3500 Million. He was the first person to sell the power from the wind mills directly to consumers. His personal wealth is in excess of 8000 Million.

Over the past 25 years Mr. Pasha's knowledge in the field of poultry has grown immensely and he is looked upon in the sector for advice upon various issues. His passion for poultry is well known and his business contacts have always backed him in most of the ventures that he has undertaken. Looking at his past performance they can easily be assured that the future of Golden Hatcheries lies in safe hands and that the company will become one of the revolutionary leaders in the Industry.

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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	10479297	06/02/2014	600,000,000.00	INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY LIMITED	INDIA HABITAT CENTRE1ST FLOOR EAST COURT CORE, 4  A LODHI ROAD, NEW DELHI, DELHI - 110003, INDIA	B97081723

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FIXED ASSETS

• Machinery and Components
• Wind Mills

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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.66.29
UK Pound	1	Rs.101.88
Euro	1	Rs.73.98

INFORMATION DETAILS

Information Gathered by :	SVA
Analysis Done by :	TRS
Report Prepared by :	SNT

SCORE & RATING EXPLANATIONS

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