MIRA INFORM REPORT

Report No. :	340838
Report Date :	15.09.2015

IDENTIFICATION DETAILS

Name :	ARSHIYA SUPPLY CHAIN MANAGEMENT PRIVATE LIMITED (w.e.f. 29.07.2009)

Formerly Known As :	GENCO (INDIA) PRIVATE LIMITED (w.e.f. 25.10.2007) BDP GENCO (INDIA) PRIVATE LIMITED

Registered Office :	Unit No. A1, 4^th Floor, Cnergy, Appa Sahab Marathe Marg, Prabhadevi, Mumbai – 400025, Maharashtra
Tel. No.:	91-22-42305500/ 502

Country :	India

Financials (as on) :	31.03.2014

Date of Incorporation :	13.11.2006

Com. Reg. No.:	11-165506

Capital Investment / Paid-up Capital :	Rs.37.871 Million

CIN No.: [Company Identification No.]	U63013MH2006PTC165506

IEC No.:	0309063892

TAN No.: [Tax Deduction & Collection Account No.]	MUMB16845D

PAN No.: [Permanent Account No.]	AADCB0001C

Legal Form :	Private Limited Liability Company

Line of Business :	Subject is provides software solutions for supply chain management and business process outsourcing.

No. of Employees :	100 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ca (14)

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate

Payment Behaviour :	Slow

Litigation :	Exists

Comments :	Subject was incorporated on 13^th November, 2006. It is a wholly owned subsidiary of Arshiya Limited. It has moderate track record. The company has incurred a huge accumulated loss which has eroded the networth of the company. However, business is active. Payment terms are slow. The company can be considered for business dealings on safe secured 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

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 31-03-2015.

INFORMATION PARTED BY

Name :	Mr. Kuntal Lohiya
Designation :	Deputy General Manager Finance
Contact No.:	91-22-42305500
Date :	14.09.2015

LOCATIONS

Registered Office :	Unit No. A1, 4^th Floor, Cnergy, Appa Sahab Marathe Marg, Prabhadevi, Mumbai – 400025, Maharashtra, India
Tel. No.:	91-22-42305500/ 502
Fax No.:	91-22-42305555
E-Mail :	toamesecreyarial@arshiyalimited.com kuntal.lohiya@arshiyalimited.com navnit.choudhary@arshiyalimited.com savita.dalal@arshiyalimited.com
Website :	www.arshiyainternational.com
Location :	Owned

Corporate Office :	302, Level 3, Ceejay House, Opposite Atria Mall, Dr. Annie Besant Marg, Worli, Mumbai – 400018, Maharashtra, India

Factory :	Sai Village, Talkuka – Panvel, District Raigad – 410206, India
Tel. No.:	91-2143-305000
Fax No.:	91-2143-66111

DIRECTORS

AS ON 09.09.2014

Name :

Navnit Jugal Kishore Choudhary

Designation :

Director

Address :

Mulji Nagar 2 D, Borivali (West), Mumbai - 400092, Maharashtra, India

Date of Birth/Age :

14.03.1975

Date of Appointment :

06.08.2013

DIN No.:

00613576

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	U15130MH2005PTC156326	RAIN FRUITS AND MORE PRIVATE LIMITED	Director	31/07/2006	31/07/2006	31/01/2008	Active	NO
2	U91100MH2012NPL233995	MAHA ASSOCIATION SEZ INFRASTRUCTURE DEVELOPERS	Director	31/07/2012	31/07/2012	-	Active	NO
3	U63013MH2006PTC165506	ARSHIYA SUPPLY CHAIN MANAGEMENT PRIVATE LIMITED	Director	6/8/2013	1/10/2012	-	Active	NO
4	U63010MH2008PLC183826	ARSHIYA EASTERN DOMESTIC DISTRIPARK LIMITED	Director	30/09/2013	15/01/2013	27/08/2014	Active	NO
5	U63023MH2008PLC183821	ARSHIYA WESTERN DOMESTIC DISTRIPARK LIMITED	Director	30/09/2013	15/01/2013	5/2/2014	Active	NO
6	U63010MH2008PLC183822	ARSHIYA SOUTHERN DOMESTIC DISTRIPARK LIMITED	Director	30/09/2013	15/01/2013	30/07/2014	Active	NO
7	U65990MH1994PTC080431	MEGA CAPITAL BROKING PRIVATE LIMITED	Director	30/09/2013	15/01/2013	27/08/2014	Active	NO
8	U74140MH1993PTC070458	MEGA MANAGEMENT SERVICES PRIVATE LIMITED	Director	30/09/2013	15/01/2013	27/08/2014	Active	NO
9	U63000MH2008PLC183791	LAXMIPATI BALAJI EXIM TRADING LIMITED	Director	30/09/2013	15/01/2013	27/08/2014	Active	NO
10	U84200MH1992PLC069045	MEGA CUSTODIAL SERVICES LIMITED	Director	30/09/2013	15/01/2013	27/08/2014	Active	NO
11	U63010MH2008PLC183823	FORTUNE MULTISOLUTIONS LIMITED	Director	30/09/2013	15/01/2013	6/7/2015	Active	NO
12	U72300MH2007PTC175427	ARSHIYA TECHNOLOGIES (INDIA) PRIVATE LIMITED	Director	6/8/2013	15/01/2013	-	Active	NO
13	U63011MH2008PLC183792	ARSHIYA CENTRAL FTWZ LIMITED	Director	6/8/2013	15/01/2013	-	Active	NO
14	U63023MH2008PLC183793	ARSHIYA CENTRAL DOMESTIC DISTRIPARK LIMITED	Director	30/09/2013	15/01/2013	-	Active	NO
15	U63030MH2008PLC178353	ARSHIYA WESTERN FTWZ LIMITED	Director	30/09/2013	15/01/2013	-	Active	NO
16	U45200MH2008PLC180907	ARSHIYA RAIL INFRASTRUCTURE LIMITED	Director	6/8/2013	15/01/2013	-	Active	NO
17	U63030MH2010PLC200604	ARSHIYA TRANSPORT AND HANDLING LIMITED	Director	6/8/2013	25/01/2013	-	Active	NO
18	U93090MH2008PTC178149	FLAT WORLD PROCESSES PRIVATE LIMITED	Director	30/09/2013	31/01/2013	27/08/2014	Active	NO
19	U70101MH2011PTC211725	NORDICA REALTY PRIVATE LIMITED	Director	30/09/2013	13/08/2013	27/08/2014	Active	NO
20	U51109MH2008PLC183555	ARSHIYA NORTHERN FTWZ LIMITED	Director	9/9/2014	21/08/2013	-	Active	NO
21	U74990MH2010PLC199940	ARSHIYA RAIL SIDING AND INFRASTRUCTURE LIMITED	Director	9/9/2014	21/08/2013	-	Active	NO
22	U63000MH2008PLC182929	ARSHIYA INDUSTRIAL AND DISTRIBUTION HUB LIMITED	Director	9/9/2014	21/08/2013	-	Active	NO
23	U74999MH2009PTC197253	AMD BUSINESS SUPPORT SERVICES PRIVATE LIMITED	Director	30/09/2014	31/03/2014	-	Active	NO
24	U74900MH2010PLC201330	ARSHIYA LIFESTYLE LIMITED	Director	23/07/2014	23/07/2014	-	Active	NO

Name :

Ranjit Purnachandra Ray

Designation :

Director

Address :

Flat No. 417,Phase-1B, Susheela Sea Winds, Vaddem, Vasco - 403802, Goa, India

Date of Birth/Age :

24.10.1973

Date of Appointment :

09.09.2014

DIN No.:

03341453

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	U63090MH1991PTC060283	AGIL FREIGHT LOGISTICS PRIVATE LIMITED	Director	22/12/2011	22/12/2011	5/5/2012	Active	NO
2	U63011MH2008PLC183792	ARSHIYA CENTRAL FTWZ LIMITED	Director	9/9/2014	21/08/2013	-	Active	NO
3	U51109MH2008PLC183555	ARSHIYA NORTHERN FTWZ LIMITED	Director	9/9/2014	21/08/2013	-	Active	NO
4	U63000MH2008PLC182929	ARSHIYA INDUSTRIAL AND DISTRIBUTION HUB LIMITED	Director	9/9/2014	21/08/2013	-	Active	NO
5	U63013MH2006PTC165506	ARSHIYA SUPPLY CHAIN MANAGEMENT PRIVATE LIMITED	Director	9/9/2014	21/08/2013	-	Active	NO

Name :

Mr. Ajay Shankarlal Mittal

Designation :

Managing Director

Address :

Mittal Bhavan, 62-A, Peddar Road, Mumbai – 400026, Maharashtra, India

Date of Birth/Age :

28.06.1965

Date of Appointment :

09.09.2014

DIN No.:

00226355

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	U33110MH1988PLC050057	MEGA MEDITEX LIMITED	Director	15/12/1988	15/12/1988	-	Under liquidation	NO
2	U28993MH1990PTC059009	MEGA SAFE DEPOSIT VAULTS PRIVATE LIMITED	Director	19/02/1991	19/02/1991	-	Under liquidation	NO
3	U01110MH1990PTC057629	SUNWELL FARMS PRIVATE LIMITED	Director	4/10/1991	4/10/1991	10/10/2007	Active	NO
4	U65990MH1982PLC027165	MEGA FIN (INDIA) LIMITED	Director	12/12/1991	12/12/1991	-	Active	NO
5	U65990MH1994PTC080431	MEGA CAPITAL BROKING PRIVATE LIMITED	Director	18/08/1994	18/08/1994	-	Active	NO
6	U99999MH1987PLC044943	MEGAVISA MARKETING AND SOLUTIONS LIMITED	Managing director	8/2/2001	8/2/2001	27/10/2009	Under liquidation	NO
7	U84200MH1992PLC069045	MEGA CUSTODIAL SERVICES LIMITED	Director	26/09/2002	26/09/2002	-	Active	NO
8	L27320MH1981PLC024747	ARSHIYA LIMITED	Managing director	19/04/2014	31/12/2005	-	Active	NO
9	U63013MH2006PTC165506	ARSHIYA SUPPLY CHAIN MANAGEMENT PRIVATE LIMITED	Director	9/9/2014	13/11/2006	-	Active	NO
10	U63023MH2007PLC176547	ARSHIYA FTWZ LIMITED	Director	7/12/2007	7/12/2007	11/2/2010	Amalgamated	NO
11	U63011MH2007PLC176601	ARSHIYA DOMESTIC DISTRIPARK LIMITED	Director	10/12/2007	10/12/2007	11/2/2010	Amalgamated	NO
12	U93090MH2008PTC178149	FLAT WORLD PROCESSES PRIVATE LIMITED	Director	23/01/2008	23/01/2008	1/4/2009	Active	NO
13	U63030MH2008PLC178353	ARSHIYA WESTERN FTWZ LIMITED	Director	29/01/2008	29/01/2008	28/02/2012	Active	NO
14	U65993MH2007PTC175592	NINE RIVERS CAPITAL HOLDINGS PRIVATE LIMITED	Additional director	19/03/2008	19/03/2008	18/05/2011	Active	NO
15	U45200MH2008PLC180907	ARSHIYA RAIL INFRASTRUCTURE LIMITED	Managing director	28/10/2009	7/4/2008	-	Active	NO
16	U63000MH2008PLC182929	ARSHIYA INDUSTRIAL AND DISTRIBUTION HUB LIMITED	Director	30/05/2008	30/05/2008	-	Active	NO
17	U51109MH2008PLC183555	ARSHIYA NORTHERN FTWZ LIMITED	Director	16/06/2008	16/06/2008	-	Active	NO
18	U74999MH2009PTC197253	AMD BUSINESS SUPPORT SERVICES PRIVATE LIMITED	Director	24/11/2009	24/11/2009	24/05/2011	Active	NO
19	U70102MH2009PTC197362	RUDRADEV PROPERTIES PRIVATE LIMITED	Director	26/11/2009	26/11/2009	-	Active	NO
20	U70102MH2010PTC198559	ROCKHILL PROPERTIES PRIVATE LIMITED	Director	6/1/2010	6/1/2010	15/10/2013	Active	NO
21	U74990MH2010PLC199940	ARSHIYA RAIL SIDING AND INFRASTRUCTURE LIMITED	Director	10/2/2010	10/2/2010	-	Active	NO
22	U72900MH2009PTC197769	WELLDONE SOFTWARE CONSULTANCY PRIVATE LIMITED	Director	30/09/2010	11/2/2010	15/10/2013	Active	NO
23	U93000MH2009PTC197482	CASTLELINO CONSULTANCY PRIVATE LIMITED	Director	30/09/2010	11/2/2010	-	Active	NO
24	U63030MH2010PLC200604	ARSHIYA TRANSPORT AND HANDLING LIMITED	Director	5/3/2010	5/3/2010	-	Active	NO
25	U74900MH2010PLC201330	ARSHIYA LIFESTYLE LIMITED	Director	26/03/2010	26/03/2010	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Kuntal Lohiya
Designation :	Deputy General Manager Finance

MAJOR SHAREHOLDERS

AS ON 09.09.2014

Names of Shareholders	No. of Shares	%age holding
Arshiya Limited	3308233	87.35
Mittal Ajay Archana	100	0.00
Arshiya Northern Ftwz Limited	478787	12.64
Total	3787120	100.00

Equity Share Break up (Percentage of Total Equity)

AS ON 09.09.2014

Category	Percentage
Bodies corporate	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is provides software solutions for supply chain management and business process outsourcing.

Products :

Item Code No.	Product Description
74191010	Supply and Chain

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Selling :

Cash and Credit (30,60,90 Days)

Purchasing :

Cash and Credit (30,60,90 Days)

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Zydus
Hindustan Unilever Limited

Customers :

End Users. OEMs.

Cipla
Glenmark

No. of Employees :

100 (Approximately)

Bankers :

Banker Name	Axis Bank Limited
Branch Address	Worli Branch, Mumbai, Maharashtra, India
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
Name of Account Holder	Not Divulged
Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	Not Divulged
Average Balance Maintained (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 loans from others	566.667	800.000
Total	566.667	800.000

Financial Institute:	Future Capital Holdings Limited, 15th Floor, Tower -II, Indiabulls Finance Centre, Senapati Bapat Marg, Elphinstone,, MUMBAI - 400013, Maharashtra, India. Capital First Limited, 15th Floor, Tower -2, India bulls Finance Centre, Senapati Bapat Marg, Elphinstone,, Mumbai, Maharashtra - 400013, India

Auditors :
Name :	M.A. Parikh and Company Chartered Accountants
Address :	Yusuf Building, 2nd Floor, 43, Mahatma Gandhi Road, Fort-400001,
PAN N Income-tax PAN of auditor or auditor's firm :	AAAFM1433H

Memberships :	Not Available

Collaborators :	Not Available

Holding company:	Arshiya Limited, India [L27320MH1981PLC024747]

Fellow Subsidiaries:	Arshiya Rail Infrastructure Limited Arshiya Rail Infrastructure Limited

CAPITAL STRUCTURE

AS ON 09.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount

4000000	Equity Shares	Rs.10/- each	Rs.40.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

3787120	Equity Shares	Rs.10/- each	Rs.37.871 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	37.871	16.000	16.000
(b) Reserves & Surplus	(1279.703)	435.479	603.827
(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)	(1241.832)	451.479	619.827

(3) Non-Current Liabilities
(a) long-term borrowings	566.667	800.000	800.000
(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	0.824	2.128	2.407
Total Non-current Liabilities (3)	567.491	802.128	802.407

(4) Current Liabilities
(a) Short term borrowings	9.561	10.317	0.000
(b) Trade payables	279.649	726.062	358.209
(c) Other current liabilities	496.933	150.392	31.500
(d) Short-term provisions	23.578	33.037	61.272
Total Current Liabilities (4)	809.721	919.808	450.981

TOTAL	135.380	2173.415	1873.215

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	3.099	4.366	5.385
(ii) Intangible Assets	0.114	0.349	0.640
(iii) Capital work-in-progress	3.946	4.865	3.780
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.000	0.000	0.000
(c) Deferred tax assets (net)	0.000	77.889	4.745
(d) Long-term Loan and Advances	2.000	2.000	700.000
(e) Other Non-current assets	0.000	139.408	144.507
Total Non-Current Assets	9.159	228.877	859.057

(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	0.000	0.000	0.000
(c) Trade receivables	114.582	1933.419	959.741
(d) Cash and cash equivalents	8.679	3.047	43.256
(e) Short-term loans and advances	2.960	2.972	2.128
(f) Other current assets	0.000	5.100	9.033
Total Current Assets	126.221	1944.538	1014.158

TOTAL	135.380	2173.415	1873.215

PROFIT & LOSS ACCOUNT

PARTICULARS	31.03.2014	31.03.2013	31.03.2012

GROSS INCOME	555.178	2091.094	1805.900
	(Due to market Down)
EXPENSES
Employees benefits expense	1758.031	0.000	0.000
Other expenses	797.288	2332.588	1185.300
TOTAL	2555.319	2332.588	1185.300

PROFIT/ (LOSS) BEFORE TAX	(2000.141)	(241.493)	618.900

TAX	217.877	(73.145)	1.200

PROFIT/ (LOSS) AFTER TAX	(2218.018)	(168.348)	617.700

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD	435.479	603.827	(13.873)

Balance Carried to the B/S	(1782.539)	435.479	603.827

Earnings / (Loss) Per Share (Rs.)	(585.67)	(44.453)	163.11

Particulars

31.03.2015

Sales Turnover (Approximately)

600.000

The above information has been parted by Mr. Kuntal Lohiya (Deputy General Manager Finance).

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	283.333	0.000	0.000
Cash generated from operations	NA	NA	NA
Net cash flows from (used in) operations	(399.692)	(97.577)	NA

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	(399.51)	(8.05)	34.20

Return on Total Assets (PBT/Total Assets}	(%)	(1521.78)	(11.55)	33.19

Return on Investment (ROI) (PBT/Networth)		1.61	(0.53)	1.00

Debt Equity Ratio (Total Debt /Networth)		(0.69)	1.79	1.29

Current Ratio (Current Asset/Current Liability)		0.16	2.11	2.25

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	16.000	16.000	37.871
Reserves & Surplus	603.827	435.479	(1279.703)
Net worth	619.827	451.479	(1241.832)

long-term borrowings	800.000	800.000	566.667
Short term borrowings	0.000	10.317	9.561
Total borrowings	800.000	810.317	859.561
Debt/Equity ratio	1.291	1.795	(0.692)

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	1805.900	2091.094	555.178
		15.792	(73.450)

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	1805.900	2091.094	555.178
Profit	617.700	(168.348)	(2218.018)
	34.20%	(8.05%)	(399.51%)

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	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	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 four years	Yes
27	Reasons for variation <> 20%	Yes
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	Yes
33	Market information	--
34	Payments terms	Yes
35	Negative Reporting by Auditors in the Annual Report	No

NOTE: Registered office of the company has been shifted from 402, Level 4, Ceejay House, F- Block, Shiv Sagar Estate, Dr. Annie Besant Road, Worli Mumbai – 400018, Maharashtra India to the present address w.e.f. 02.08.2014

LITIGATION DETAILS

HIGH COURT OF BOMBAY

CASE DETAILS

BENCH: BOMBAY

Presentation Date:- 19.11.2013

Lodging No.:- LPETNL/343/2013 Filing Date:- 19.11.2013 Reg. No.:- LPETN/343/2013Reg. Date:- 19.11.2013

Main Matter
Lodging No.:- SL/1016/2013	Reg No.:- S/310/2014

Petitioner: CAPITAL FIRST LIMITED Respondent: ARSHIYA SUPPLY CHAIN

MANAGEMENT PRIVATE LIMITED

Petn. Adv : NAIK NAIK AND COMPANY (I7932)

District: MUMBAI

Bench: SINGLE

Status: Pre-Admission Category: SPECIFIC PERFORMANCE SUIT XII

Act: code of Civil Procedure 1908

UNSECURED LOAN

(Rs. In Million)

Particulars	As on 31.03.2014	As on 31.03.2013
SHORT TERM BORROWING
Loans repayable on demand	9.561	10.317
Total	9.561	10.317

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10506820	25/03/2014	1,000,000,000.00	CAPITAL FIRST LIMITED	15TH FLOOR, TOWER -2, INDIABULLS FINANCE CENTRE,, SENAPATI BAPAT MARG, ELPHINSTONE,, MUMBAI, MAHARA SHTRA - 400013, INDIA	C09705682
2	10351909	21/03/2012	850,000,000.00	FUTURE CAPITAL HOLDINGS LIMITED	15TH FLOOR, TOWER -II, INDIABULLS FINANCE CENTRE,, SENAPATI BAPAT MARG, ELPHINSTONE,, MUMBAI, MAHAR ASHTRA - 400013, INDIA	B38284949
3	10351930	21/03/2012	1,150,000,000.00	FUTURE CAPITAL HOLDINGS LIMITED	15TH FLOOR, TOWER -2, INDIABULLS FINANCE CENTRE,, SENAPATI BAPAT MARG, ELPHINSTONE,, MUMBAI, MAHARA SHTRA - 400013, INDIA	B38291381

FIXED ASSETS

Tangible assets

Furniture and fixtures
Office equipment
Computer equipment’s

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.66.37
UK Pound	1	Rs.102.54
Euro	1	Rs.75.32

INFORMATION DETAILS

Information Gathered by :	PPT

Analysis Done by :	RAS

Report Prepared by :	GTA

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
PAID-UP CAPITAL	1~10	1
OPERATING SCALE	1~10	2
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	2
--PROFITABILITY	1~10	1
--LIQUIDITY	1~10	2
--LEVERAGE	1~10	1
--RESERVES	1~10	1
--CREDIT LINES	1~10	2
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	YES
--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		14

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.

MIRA INFORM REPORT

INDEX OF CHARGES

Unit