MIRA INFORM REPORT

Report No. :	341763
Report Date :	24.09.2015

IDENTIFICATION DETAILS

Name :	AMIT ENTERPRISES HOUSING LIMITED
Registered Office :	Amit House, 1902, Sadashiv Peth, Bajirao Road, Pune – 411030, Maharashtra
Tel. No.:	91-20-24489494
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	01.04.2008
Com. Reg. No.:	11-131731
Capital Investment / Paid-up Capital :	Rs. 248.500 Million
CIN No.: [Company Identification No.]	U45200PN2008PLC131731
IEC No.:	3108002228
TAN No.: [Tax Deduction & Collection Account No.]	PNEA10702G
PAN No.: [Permanent Account No.]	AAGCA9192A
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Real Estate Business for Residential.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

B (34)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 69890000
Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Exist
Comments :	Subject was incorporated in the year 2008 having moderate track record. For the financial year ended 2014, company revenue has declined by 41.85% which has resulted into drastic dip of 81.45% in net profit of the company. Rating further constrained on account of company’s moderate financial base marked by below average liquidity profile and moderate debt protection metrics of the company. Trade relations are reported as fair. Payments are reported to be slow but correct. In view of aforesaid, the company can be considered for business dealing with some caution.

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

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 DECLINED BY

Name :	Mr. Abhishek Yande
Designation :	Finance Department
Contact No.:	91-20-24489494
Date :	21.09.2015

LOCATIONS

Registered/ Corporative Office :	Amit House, 1902, Sadashiv Peth, Bajirao Road, Pune – 411030, Maharashtra, India
Tel. No.:	91-20-24489494/ 95
Fax No.:	Not Available
E-Mail :	abhishek.yande@amitenterprises.com cs@amitenterprises.com
Website :	http://www.amitenterprises.com
Branch Office:	506, Ceejay House, Dr. Annie Besant Road, Worli, Mumbai – 400018, Maharashtra, India
Tel. No.:	91-22-2499 0079

DIRECTORS

AS ON 29.09.2014

Name :

Mr. Kishor Govind Pate

Designation :

Managing Director

Address :

601, Govind Gaurav Plot No.487/2A/2, Swanand So Sa Sahakarnagar 2, Pune - 411009, Maharashtra, India

Date of Birth/Age :

06.08.1960

Qualification :

BA

Date of Appointment :

01.04.2013

PAN No.:

AAUPP9279N

DIN No.:

00367915

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	U45202PN2006PTC129006	AMIT ENTERPRISES PROMOTERS AND BUILDERS PRIVATE LIMITED	Director	05/09/2006	05/09/2006	-	Active	NO
2	U70101MH1997PTC109826	SAHASRAJIT REALTY PRIVATE LIMITED	Director	28/09/2006	28/09/2006	-	Active	NO
3	U45200PN2008PLC131731	AMIT ENTERPRISES HOUSING LIMITED	Managing director	01/04/2013	01/04/2008	-	Active	NO
4	U70102PN2007PTC129596	MEGH REALTORS PRIVATE LIMITED	Director	21/08/2008	21/08/2008	-	Active	NO
5	U45200PN2010PTC135516	AMIT TALATI BUILDERS AND PROMOTERS PRIVATE LIMITED	Director	10/02/2010	10/02/2010	-	Converted to LLP	NO
6	U45200PN2010PTC136353	SANJEEV REALTY PRIVATE LIMITED	Director	20/05/2010	20/05/2010	-	Active	NO
7	U45200PN2010PTC136647	AMIT LANDMARKS PRIVATE LIMITED	Director	21/06/2010	21/06/2010	11/11/2010	Active	NO
8	U45200PN2010PTC136646	AMIT GHARKUL PRIVATE LIMITED	Director	21/06/2010	21/06/2010	-	Active	NO
9	U45200PN2010PTC136745	AMIT TOWERS PRIVATE LIMITED	Director	05/07/2010	05/07/2010	-	Active	NO
10	U45200PN2010PTC137863	AMIT TOWNSHIPS PRIVATE LIMITED	Director	29/11/2010	29/11/2010	-	Active	NO
11	U45200PN2010PTC138064	SKP CORP PRIVATE LIMITED	Director	22/12/2010	22/12/2010	-	Active	NO
12	U45200PN2011PTC138462	AMIT SANKUL PRIVATE LIMITED	Director	04/02/2011	04/02/2011	-	Active	NO
13	U45200PN2011PTC140927	AMIT SUBURBAN DEVELOPMENT PRIVATE LIMITED	Director	29/09/2011	29/09/2011	-	Active	NO
14	U92400PN2012PTC143199	ROHAN CRICKET GALLERIA AND ENTERTAINMENT PRIVATE LIMITED	Director	27/04/2012	27/04/2012	-	Active	NO
15	AAA-4961	AMIT TALATI METRO PROJECTS LLP	Designated Partner	26/05/2011	26/05/2011	-	Active	NO
16	AAA-5480	AMIT GHARKUL BUILDERS LLP	Body corporate as Designated Partner	07/07/2011	07/07/2011	-	Active	NO
17	AAA-5480	AMIT GHARKUL BUILDERS LLP	Designated Partner	07/07/2011	07/07/2011	-	Active	NO
18	AAA-5648	AMIT RESIDENTIAL TOWNSHIP LLP	Designated Partner	19/07/2011	19/07/2011	-	Active	NO
19	AAA-6118	AMIT HOME MAKERS LLP	Designated Partner	02/09/2011	02/09/2011	-	Active	NO
20	AAA-6908	NOW REALTY VENTURES LLP	Designated Partner	16/11/2011	16/11/2011	30/05/2014	Active	NO
21	AAA-7128	AMIT TALATI BUILDERS AND PROMOTERS LLP	Designated Partner	02/12/2011	02/12/2011	-	Active	NO
22	AAB-5839	AMIT RESIDENTIAL VENTURES LLP	Designated Partner	14/06/2013	14/06/2013	-	Active	NO
23	AAB-5840	AMIT VASTU VENTURES LLP	Designated Partner	14/06/2013	14/06/2013	-	Active	NO
24	AAB-5841	AMIT VILLAGE LLP	Designated Partner	14/06/2013	14/06/2013	-	Active	NO
25	AAC-4658	OS LUXURY DESIGNS LLP	Designated Partner	16/07/2014	16/07/2014	-	Active	NO
26	AAC-6715	SKP HOUSING LLP	Designated Partner	04/09/2014	04/09/2014	-	Active	NO

Name :

Mr. Sanjeev Govind Pate

Designation :

Whole-Time Director

Address :

Datta Krupa Shriram Society, Sahakarnagar No. 1, Pune - 411009, Maharashtra, India

Date of Birth/Age :

23.07.1965

Qualification :

B.Com

Date of Appointment :

01.04.2013

PAN No. :

AAUPP9398Q

DIN No.:

00367969

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	U45202PN2006PTC129006	AMIT ENTERPRISES PROMOTERS AND BUILDERS PRIVATE LIMITED	Director	05/09/2006	05/09/2006	02/12/2010	Active	NO
2	U70101MH1997PTC109826	SAHASRAJIT REALTY PRIVATE LIMITED	Director	28/09/2006	28/09/2006	-	Active	NO
3	U45200PN2008PLC131731	AMIT ENTERPRISES HOUSING LIMITED	Whole-time director	01/04/2013	01/04/2008	-	Active	NO
4	U70102PN2007PTC129596	MEGH REALTORS PRIVATE LIMITED	Director	21/08/2008	21/08/2008	-	Active	NO
5	U45200PN2010PTC135516	AMIT TALATI BUILDERS AND PROMOTERS PRIVATE LIMITED	Director	10/02/2010	10/02/2010	-	Converted to LLP	NO
6	U45200PN2010PTC136353	SANJEEV REALTY PRIVATE LIMITED	Director	20/05/2010	20/05/2010	-	Active	NO
7	U45200PN2010PTC136647	AMIT LANDMARKS PRIVATE LIMITED	Director	21/06/2010	21/06/2010	11/11/2010	Active	NO
8	U45200PN2010PTC136646	AMIT GHARKUL PRIVATE LIMITED	Director	21/06/2010	21/06/2010	-	Active	NO
9	U45200PN2010PTC136745	AMIT TOWERS PRIVATE LIMITED	Director	05/07/2010	05/07/2010	-	Active	NO
10	U45200PN2010PTC137863	AMIT TOWNSHIPS PRIVATE LIMITED	Director	29/11/2010	29/11/2010	02/05/2013	Active	NO
11	U45200PN2011PTC138462	AMIT SANKUL PRIVATE LIMITED	Director	04/02/2011	04/02/2011	-	Active	NO
12	U45200PN2011PTC140927	AMIT SUBURBAN DEVELOPMENT PRIVATE LIMITED	Director	29/09/2011	29/09/2011	-	Active	NO
13	AAA-5480	AMIT GHARKUL BUILDERS LLP	Designated Partner	07/07/2011	07/07/2011	-	Active	NO
14	AAA-5648	AMIT RESIDENTIAL TOWNSHIP LLP	Designated Partner	19/07/2011	19/07/2011	01/04/2013	Active	NO
15	AAA-6118	AMIT HOME MAKERS LLP	Designated Partner	02/09/2011	02/09/2011	-	Active	NO
16	AAA-6908	NOW REALTY VENTURES LLP	Designated Partner	16/11/2011	16/11/2011	30/05/2014	Active	NO
17	AAC-7386	MALVIKA REAL ESTATE LLP	Designated Partner	22/09/2014	22/09/2014	-	Active	NO

Name :

Mr. Rohan Kishor Pate

Designation :

Director

Address :

Flat No. 601, Govind Gaurav A, Plot No 4, 87/2A/2, Swand Society, Pune - 411009, Maharashtra, India

Date of Birth/Age :

11.02.1987

Date of Appointment :

29.09.2014

DIN No.:

03195253

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	Company/ LLP Status	Defaulting status
1	U45200PN2010PTC136647	AMIT LANDMARKS PRIVATE LIMITED	Director	30/09/2011	11/11/2010	Active	NO
2	U92400PN2012PTC143199	ROHAN CRICKET GALLERIA AND ENTERTAINMENT PRIVATE LIMITED	DIRECTOR	27/04/2012	27/04/2012	Active	NO
3	U45200PN2010PTC137863	AMIT TOWNSHIPS PRIVATE LIMITED	Director	21/09/2013	20/08/2013	Active	NO
4	U45200PN2008PLC131731	AMIT ENTERPRISES HOUSING LIMITED	Director	29/09/2014	29/05/2014	Active	NO
5	AAA-5648	AMIT RESIDENTIAL TOWNSHIP LLP	Designated Partner	24/08/2013	24/08/2013	Active	NO
6	AAB-5841	AMIT VILLAGE LLP	Designated Partner	06/09/2013	06/09/2013	Active	NO
7	AAB-5839	AMIT RESIDENTIAL VENTURES LLP	Designated Partner	06/09/2013	06/09/2013	Active	NO
8	AAB-5840	AMIT VASTU VENTURES LLP	Designated Partner	06/09/2013	06/09/2013	Active	NO

KEY EXECUTIVES

Name :	Mr. Abhishek Jagmohan Lal Khandelwal
Designation :	Chief Finance Officer
Address :	B305, Beverly Hills, Survey No. 34/4, Pancard Club Road, Baner, Pune - 411045, Maharashtra, India
Date of Appointment :	16.03.2015
PAN No.:	AZHPA5442L

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 29.09.2014

Names of Equity Shareholders	No. of Shares
Kishor Pate	3322220
Sanjeev Pate	1661110
Bharati Pate	3340
Vandana Pate	5555
Rohan Pate	2220
Sanket Pate	5455
Amit Dhulekar	100
Total	5000000

Names of Preference Shareholder	No. of Shares
Amit Landmarks Private Limited, India	19850000
Total	19850000

AS ON 29.09.2014

Equity Share Breakup	Percentage of Holding
Category
Directors or relatives of directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Real Estate Business for Residential.
Brand Names :	--
Agencies Held :	--
Exports :	Not Divulged
Imports :	Not Divulged
Terms :	Not Divulged

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference:	Not Divulged
Name of the Person (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Maximum limit dealt:	Not Divulged
Experience:	Not Divulged
Remark	Not Divulged

Customers :

Reference:	Not Divulged
Name of the Person (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Maximum limit dealt:	Not Divulged
Experience:	Not Divulged
Remark	Not Divulged

No. of Employees :

Not Divulged

Bankers :

Bank Name:	Not Divulged
Branch:	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 A/c Opening):	Not Divulged
Average Balance Maintained (Optional):	Not Divulged
Credit Facilities Enjoyed (CC/OD/Term Loan):	Not Divulged
Account Operation:	Not Divulged
Remarks:	Not Divulged

· ICICI Bank Limited, Regional Head Office, A Wing, 3rd And 4th Floor, Shangrilla Gardens, Bund Garden Road, Pune - 411001, Maharashtra, India

· State Bank of India Commercial Branch, 1548/A, Off Tilak Road, Sadashiv Peth, Pune - 411030, Maharashtra, India

· HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400013, Maharashtra, India

Facilities :

SECURED LOANS	31.03.2014 (Rs. In Million)	31.03.2013 (Rs. In Million)
LONG-TERM BORROWINGS
Term loans from banks	0.000	253.203
SHORT TERM BORROWINGS
Term loans from banks	653.810	1214.942
Total	653.810	1468.145

Banking Relations :	--
Auditors :
Name :	M.P. Chitale and Company Chartered Accountants
Address :	Mahaganga Apartment, 417/1, Narayan Peth, Munjaba Lane, Pune – 411030, Maharashtra, India
Income-tax PAN of auditor or auditor's firm :	AAAFM2282Q
Memberships :	--
Collaborators :	--
Associates :	· Amit Builders · Amit Gharkul Amit Gharkul · Amit Gharkul Private Limited (CIN No.: U45200PN2010PTC136646) · Amit Home Makers LLP · Amit Realities · Amit Residential Township LLP · Amit Talati Builders and Promoters LLP · Amit Vastu Prakalp LLP · Sanjeev Realty Private Limited (CIN No.: U45200PN2010PTC136353) · Khaleej Oman Real Estate Company · Sahasrajit Properties · Ventura Enterprises · Amit Vastu Ventures LLP · SKP Corp Private Limited (CIN No.: U45200PN2010PTC138064) · Amit Mega Projects · Amit Residential Venture LLP · Amit Township Private Limited (CIN No.: U45200PN2010PTC137863)
Subsidiaries :	· Amit Enterprises Promoters and Builders Private Limited (CIN No.: U45202PN2006PTC129006) · Amit Sankul Private Limited (CIN No. U45200PN2011PTC138462) · Amit Suburban Development Private (CIN No.: U45200PN2011PTC140927) · Amit Towers Private Limited (CIN No.: U45200PN2010PTC136745) · Megh Realtors Private Limited (CIN No. : U70102PN2007PTC129596)
Joint Venture:	Amit Enterprises

CAPITAL STRUCTURE

AS ON 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
5,000,000	Equity Shares	Rs. 10/- each	Rs. 50.000 Million
20,000,000	Preference Shares	Rs. 10/- each	Rs. 200.000 Million
	Total		Rs. 250.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
5,000,000	Equity Shares	Rs. 10/- each	Rs. 50.000 Million
19,850,000	Preference Shares	Rs. 10/- each	Rs. 198.500 Million
	Total		Rs. 248.500 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014	31.03.2013	31.03.2012
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	248.500	248.500	248.500
(b) Reserves & Surplus	1382.233	1297.130	838.343
(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)	1630.733	1545.630	1086.843
(3) Non-Current Liabilities
(a) Long-term borrowings	0.000	253.203	271.516
(b) Deferred tax liabilities (Net)	0.000	0.000	18.877
(c) Other long term liabilities	7.181	7.181	0.758
(d) long-term provisions	9.152	6.560	3.312
Total Non-current Liabilities (3)	16.333	266.944	294.463
(4) Current Liabilities
(a) Short term borrowings	2110.691	2028.729	1925.708
(b) Trade payables	365.083	455.935	613.804
(c) Other current liabilities	1782.937	1790.921	2259.732
(d) Short-term provisions	129.436	204.632	172.408
Total Current Liabilities (4)	4388.147	4480.217	4971.652
TOTAL	6035.213	6292.791	6352.958
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	418.547	443.114	607.371
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	334.900	334.971	334.505
(c) Deferred tax assets (net)	9.100	12.583	0.000
(d) Long-term Loan and Advances	0.000	0.000	0.000
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	762.547	790.668	941.876
(2) Current assets
(a) Current investments	32.592	2.321	2.170
(b) Inventories	3929.755	4169.643	4463.858
(c) Trade receivables	2.634	51.644	64.862
(d) Cash and cash equivalents	84.527	111.358	120.184
(e) Short-term loans and advances	81.322	47.899	56.597
(f) Other current assets	1141.836	1119.258	703.411
Total Current Assets	5272.666	5502.123	5411.082
TOTAL	6035.213	6292.791	6352.958

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	1474.938	2499.796	1930.094
		Other Income	102.153	205.214	127.784
		TOTAL (A)	1577.091	2705.010	2057.878
Less	EXPENSES
		Cost of Materials Consumed	1091.639	1804.005	1161.095
		Employees benefits expense	86.733	32.046	27.829
		Other expenses	160.596	196.669	127.625
		TOTAL (B)	1338.968	2032.720	1316.549
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		238.123	672.290	741.329
Less	FINANCIAL EXPENSES (D)		82.783	42.638	56.272
	PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		155.340	629.652	685.057
Less/ Add	DEPRECIATION/ AMORTISATION (F)		47.194	78.925	13.240
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)		108.146	550.727	671.817
Less	TAX (H)		23.042	91.940	151.525
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)		85.104	458.787	520.292
	IMPORTS
		Raw Materials	2.765	11.590	13.104
	Earnings Per Share (Rs.)		3.42	18.46	20.94

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) Operations	284.260	(15.660)	(396.625)

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	5.77	18.35	26.96
Operating Profit Margin (PBDIT/Sales)	(%)	16.14	26.89	38.41
Return on Total Assets (PBT/Total Assets}	(%)	1.90	9.26	11.16
Return on Investment (ROI) (PBT/Networth)		0.07	0.36	0.62
Debt Equity Ratio (Total Debt/Networth)		1.29	1.48	2.02
Current Ratio (Current Asset/Current Liability)		1.20	1.23	1.09

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	248.500	248.500	248.500
Reserves & Surplus	838.343	1297.130	1382.233
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	1086.843	1545.630	1630.733
Long-term borrowings	271.516	253.203	0.000
Short term borrowings	1925.708	2028.729	2110.691
Total borrowings	2197.224	2281.932	2110.691
Debt/Equity ratio	2.022	1.476	1.294

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	1930.094	2499.796	1474.938
		29.517	(40.998)

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	1930.094	2499.796	1474.938
Profit	520.292	458.787	85.104
	26.96%	18.35%	5.77%

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	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	Yes
32	Litigations that the firm/promoter involved in	Yes
33	Market information	--
34	Payments terms	No
35	Negative Reporting by Auditors in the Annual Report	No

LITIGATION DETAILS

HIGH COURT OF BOMBAY

CASE DETAILS

BENCH: BOMBAY

LODGING NO: CPL/324/2015 FILING DATE: 09.04.2015 REG. NO.: CP/790/2015 REG. DATE: 10.07.2015

PETITIONER: GODRAJ AND BOYCE MFG. CO. LIMITED RESPONDENT: THE AMIT ENTERPRISES

HOUSING LIMITED CIN NO. U45200PN2008PLC131731

RESP. ADV: MANDAR SOMAN (17)

DISTRICT: MUMBAI

BENCH: SINGLE CATEGORY : COMPANY PETITION U/SEC 433,434,439

COMPANIES ACT

STATUS: PRE-ADMISSION

NEXT DATE: 01.12.2012 STAGE : FOR ADMISSION (ORIGINAL SIDE MATTERS)

CORAM : PROVISIONAL BOARD

ACT: Companies Act and Rules 1956 UNDER SECTION: 433, 434, 439

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10584771	29/07/2015	490,000,000.00	STATE BANK OF INDIA COMMERCIAL BRANCH	1548/A,OFF TILAK ROAD, SADASHIV PETH, PUNE - 411030, MAHARASHTRA, INDIA	C61139739
2	10575086	18/06/2015	2,500,000,000.00	ICICI BANK LIMITED	REGIONAL HEAD OFFICE, A WING, 3RD AND 4TH FLOOR,  SHANGRILLA GARDENS, BUND GARDEN ROAD, PUNE - 411001, MAHA  RASHTRA, INDIA	C56524275
3	10548032	28/01/2015	5,607,000.00	HDFC BANK LIMITED	HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI - 400013, MAHARASHTRA, INDIA	C43004746
4	10546530	23/01/2015 *	440,000,000.00	STATE BANK OF INDIA COMMERCIAL BRANCH	1548/A,OFF TILAK ROAD, SADASHIV PETH, PUNE - 411030, MAHAR  ASHTRA, INDIA	C43289636
5	10530300	20/10/2014	2,178,500.00	HDFC BANK LIMITED	HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI - 400013, MAHARASHTRA, INDIA	C33003773
6	10530305	20/10/2014	3,285,000.00	HDFC BANK LIMITED	HDFC BANK HOUSE, SENAPATI BAPAT MARG,, LOWER PAREL (WEST), MUMBAI - 400013, MAHARASHTRA, INDIA	C33008251
7	10530307	20/10/2014	2,610,000.00	HDFC BANK LIMITED	HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI - 400013, MAHARASHTRA, INDIA	C33009606
8	10530310	20/10/2014	1,439,000.00	HDFC BANK LIMITED	HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI - 400013, MAHARASHTRA, INDIA	C33012865
9	10530527	17/10/2014	705,000.00	HDFC BANK LIMITED	HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI - 400013, MAHARASHTRA, INDIA	C33173832
10	10490811	21/04/2014 *	255,000,000.00	THE SARASWAT CO-OPERATIVE BANK LIMITED	C-2, KOHINOOR ESTATE CO-OPERATIVE HOUSING SOCIETY, PLOT NO. 12, MULA ROAD, SANGAMWADI, PUNE - 411003, MAHA  RASHTRA, INDIA	C04229480
11	10417221	26/03/2013	36,000,000.00	PUNE PEOPLES CO-OP BANK LIMITED	BHARADWAJ APARTMENTS, NEAR KRISHNA HOSPITAL, PAUD ROAD, KOTHRUD, PUNE - 411029, MAHARASHTRA, INDIA	B72446040
12	10315323	24/10/2011	2,307,000.00	THE SARASWAT CO - OPERATIVE BANK LIMITED	F.C.ROAD BRANCH, RASEC, GANESHWADI OPP. VAISHALI  HOTEL SHIVAJI NAGAR, PUNE - 411003, MAHARASHTRA, INDIA	B24400012
13	10290107	16/05/2011	2,286,000.00	THE SARASWAT CO - OPERATIVE BANK LIMITED	F.C.ROAD BRANCH, RASEC, GANESHWADI OPP. VAISHALI  HOTEL SHIVAJI NAGAR, PUNE - 411003, MAHARASHTRA, INDIA	B14253116
14	10285584	02/05/2011	2,282,000.00	THE SARASWAT CO - OPERATIVE BANK LIMITED	F.C.ROAD BRANCH, RASEC, GANESHWADI OPP. VAISHALI  HOTEL SHIVAJI NAGAR, PUNE - 411003, MAHARASHTRA, INDIA	B12470142
15	10276745	16/03/2011	5,000,000.00	THE SARASWAT CO-OPERATIVE BANK LIMITED	C-2, KOHINOOR ESTATE CO-OPERATIVE HOUSING SOCIETY, PLOT NO. 12, MULA ROAD, SANGAMWADI, PUNE - 411003, MAHA  RASHTRA, INDIA	B09477928
16	10276746	16/03/2011	60,000,000.00	THE SARASWAT CO-OPERATIVE BANK LIMITED	C-2, KOHINOOR ESTATE CO-OPERATIVE HOUSING SOCIETY, PLOT NO. 12, MULA ROAD, SANGAMWADI, PUNE - 411003, MAHARASHTRA, INDIA	B09480070
17	10226786	30/09/2014 *	570,000,000.00	ABHYUDAYA CO-OPERATIVE BANK LIMITED	ADMINISTRATIVE OFFICE, K. K. TOWER, ABHYUDAYA BANK  , LANE, OFF G. D. AMBEKAR MARG, PAREL VILLAGE, MUMBAI - 400012, MAHARASHTRA, INDIA	C38726105
18	10219709	26/03/2013 *	7,000,000.00	PUNE PEOPLES CO-OP BANK LTD.	BHARADWAJ APARTMENTS, NEAR KRISHNA HOSPITAL, PAUD ROAD, KOTHRUD, PUNE - 411029, MAHARASHTRA, INDIA	B72446685
19	10109746	13/06/2008 *	105,000,000.00	THE SARASWAT CO-OPERATIVE BANK LIMITED	TILAK ROAD BRANCH, TILAK ROAD, PUNE - 411002, MAHARASHTRA , INDIA	A42759118
20	10116903	21/04/2014 *	186,000,000.00	THE SARASWAT CO-OPERATIVE BANK LIMITED	C-2, KOHINOOR ESTATE CO-OPERATIVE HOUSING SOCIETY,  PLOT NO. 12, MULA ROAD, SANGAMWADI, PUNE - 411003, MAHA  RASHTRA, INDIA	C03772530

* Date of charge modification

UNSECURED LOANS

PARTICULARS	31.03.2014 (Rs. In Million)	31.03.2013 (Rs. In Million)
SHORT TERM BORROWINGS
Loans and advances from others	1456.881	813.787
Total	1456.881	813.787

FIXED ASSETS:

· Land

· Buildings

· Office Building

· Plant and Equipment

· Factory Equipment’s

· Other plant and Equipment

· Furniture and Fixtures

· Vehicles

· Office Equipment

· Computer Equipment’s

· Other 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 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.65.97
UK Pound	1	Rs.101.19
Euro	1	Rs.73.38

INFORMATION DETAILS

Information Gathered by :	SVA
Analysis Done by :	KAR
Report Prepared by :	ARC

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	4
--LEVERAGE	1~10	4
--RESERVES	1~10	4
--CREDIT LINES	1~10	3
--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		34

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.