MIRA INFORM REPORT

Report No. :	342954
Report Date :	30.09.2015

IDENTIFICATION DETAILS

Name :	ESSEL INFRAPROJECTS LIMITED (w. e. f. 20.02.2007)
Formerly Known As :	PAN INDIA PARYATAN LIMITED (w. e. f. 20.04.1992) ESSELS AMUSEMENTS PARKS (INDIA) LIMITED
Registered Office :	Continental Building, 135 Dr. Annie Besant Road, Worli, Mumbai-400018, Maharashtra
Tel. No.:	91-22-66971234 / 24309361 / 66012323 / 66012323
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	07.07.1987
Com. Reg. No.:	11-044006
Capital Investment / Paid-up Capital :	Rs. 2451.532 Million
CIN No.: [Company Identification No.]	U74999MH1987PLC044006
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	MUMP15977D
PAN No.: [Permanent Account No.]	AAACP6095M
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Subject is an infrastructure development company, it is engaged in developing road projects of national highways and state highways, power projects in thermal, hydel, solar, and wind transmission projects, shopping centers, sports complexes, convention, exhibition centers, food courts, hotels, restaurants, educational centers, cruise terminals, ports, jetties and social infrastructure projects.
No. of Employees :	Information declines by the Management

RATING & COMMENTS

MIRA’s Rating :

Ba (45)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject belongs to ESSEL group led by Mr. Subhash Chandra, Incorporated in the year 1987. For the Financial year 2014, the company has recorded increase in its sales turnover marked by satisfactory profit margin of 13.86%. The company possesses good networth base but there is increase in its borrowings. Rating are constrained by significant investment commitments towards various infrastructure projects and moderate financial leverage and lower than estimated performance of some of the completed projects of its special purpose vehicles. Trade relations are fair. Business is active. Payments are reported to be slow but correct. 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	CARE
Rating	Short Term Bank Facilities = A3+
Rating Explanation	Moderate degree of safety and higher credit risk
Date	17.02.2015

RBI DEFAULTERS’ LIST STATUS

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

EPF (Employee Provident Fund) 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

Management non-cooperative (91-22-66012323)

LOCATIONS

Registered Office 1:	Continental Building, 135, Dr. Annie Besant Road, Worli, Mumbai-400018, Maharashtra, India
Tel. No.:	91-22-66971234 / 24309361 / 66012323
Fax No.:	91-22-24900302 / 24900213 / 24309012
E-Mail :	anganev@ew.esselgroup.com feedback@esselgroup.com venkateshan@infra.esslgroup.com esselinfragroup@gmail.com corp.comm@infra.esselgroup.com invest.info@infra.esselgroup.com vendor.registration@infra.esselgroup.com careers@infra.esselgroup.com
Website :	www.esselgroup.com www.esselinfraprojects.com
Corporate Office :	513/A, 5^th Floor Kohinoor City, Kirol Road, L.B.S Marg, Kurla Kurla (West), Mumbai – 400070, Maharashtra, India
Tel. No.:	91-22-66012323
Fax No.:	91-22-66012300
E-Mail :	reachus@infra.esselgroup.com
Regional Offices:	Located at: New Delhi Kolkata Pune Hyderabad Chennai Bangalore
Overseas Offices- Group:	Located at: United State of America United Kingdom South Africa Singapore Mauritius China Malaysia Dubai Russia (Moscow)

DIRECTORS

As On : 30.09.2014

Name :

Mr. Amit Goenka

Designation :

Additional Director

Address :

Jolly Maker, Bungalow No.1, Jolly Maker Apartments, Cuffe Parade, Mumbai- 400005, Maharashtra, India

Date of Appointment :

22.12.2014

DIN No.:

00017707

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	U74899DL1994PTC060351	DHIR CONSTRUCTORS AND BUILDERS PRIVATE LIMITED	Director	05/01/1995	05/01/1995	25/12/2008	Active	NO
2	U74899DL1994PTC059109	HARYANA ORCHARDS PRIVATE LIMITED	Director	05/01/1995	05/01/1995	25/12/2008	Active	NO
3	U74899DL1994PTC059095	NORTHDELHI OIL SEEDS PLANTATION PRIVATE LIMITED	Director	05/01/1995	05/01/1995	25/12/2008	Active	NO
4	U74899DL1994PTC060746	V.K.SEEDS GROWING PRIVATE LIMITED	Director	05/01/1995	05/01/1995	25/12/2008	Active	NO
5	U70101DL1994PTC061397	HEAVENS PROPERTIES PRIVATE LIMITED	Director	05/01/1995	05/01/1995	25/12/2008	Active	NO
6	U45201DL1996PTC083915	SUNCITY PROJECTS PRIVATE LIMITED	Director	18/12/1996	18/12/1996	16/03/2009	Active	NO
7	U74899DL1995PTC070406	ESSEL SHIP BREAKING Private Limited	Director	25/05/2000	25/05/2000	01/01/2015	Active	NO
8	L80220MH1999PLC121505	ETC NETWORKS LIMITED	Director	05/07/2001	05/07/2001	28/01/2008	Amalgamated	NO
9	U67120MH2001PTC132720	WIDESCREEN HOLDINGS PRIVATE LIMITED	Director	13/07/2001	13/07/2001	10/03/2011	Active	NO
10	U74140MH1990PTC058903	RUPEE FINANCE AND MANAGEMENT PRIVATE LIMITED	Director	03/12/2001	03/12/2001	11/11/2008	Active	NO
11	U92190MH1999PTC119879	E-CITY ENTERTAINMENT (INDIA) PRIVATE LIMITED	Director	28/01/2002	28/01/2002	05/03/2009	Active	NO
12	U45207DL2001PTC111423	AGRANI WIRELESS SERVICES Private Limited	Director	22/04/2002	22/04/2002	27/05/2011	Active	NO
13	U92199MH2001PTC132773	TASHI DE LEK GAMING SOLUTIONS PRIVATE LIMITED	Director	19/03/2003	19/03/2003	14/06/2014	Active	NO
14	U72900MH2001PTC131729	ULTRA ENTERTAINMENT SOLUTIONS PRIVATE LIMITED	Director	19/03/2003	19/03/2003	14/06/2014	Active	NO
15	U92412MH2001PTC133254	ECOOL GAMING SOLUTIONS PRIVATE LIMITED	Director	19/03/2003	19/03/2003	-	Active	NO
16	U72900MH2003PTC138654	KALA KOSH AUCTIONS PRIVATE LIMITED	Additional director	27/01/2009	25/03/2003	01/06/2009	Amalgamated	NO
17	U92130MH2003PTC140445	DAKSHIN MEDIA GAMING SOLUTIONS PRIVATE LIMITED	Director	01/01/2011	14/05/2003	12/11/2012	Amalgamated	NO
18	U92490MH2003PTC140485	KENLOTT GAMING SOLUTIONS PRIVATE LIMITED	Director	20/05/2003	20/05/2003	05/12/2009	Active	NO
19	U92490MH2003PTC140538	KWIKWIN GAMING SOLUTIONS PRIVATE LIMITED	Director	22/05/2003	22/05/2003	05/10/2009	Active	NO
20	U92199UP2003PTC027748	ECITY PROJECTS LUCKNOW PRIVATE LIMITED	Director	29/07/2003	29/07/2003	23/03/2009	Active	NO
21	U92110MH2004PTC145797	E-CITY DIGITAL CINEMAS PRIVATE LIMITED	Director	20/04/2004	20/04/2004	19/03/2009	Amalgamated	NO
22	U72900MH2001PTC130456	E CITY PUBLISHING AND DISTRIBUTING INDIA PRIVATE LIMITED	Director	26/07/2004	26/07/2004	19/03/2009	Active	NO
23	L99999MH1964PLC013018	APLAB LIMITED	Director	28/10/2004	28/10/2004	20/02/2015	Active	NO
24	U51217MH2001PTC194721	FUN MULTIPLEX PRIVATE LIMITED	Director	26/03/2005	26/03/2005	24/03/2009	Active	NO
25	U45200MH2005PTC152382	E-CITY INFRASTRUCTURE PRIVATE LIMITED	Director	04/04/2005	04/04/2005	23/03/2009	Active	NO
26	U70100MH1987PTC042701	VASANT SAGAR PROPERTIES PVT LTD	Director	07/04/2005	07/04/2005	01/04/2012	Active	NO
27	U92100MH2005PTC150676	FUN MULTIPLEX PRIVATE LIMITED(AMAL)	Director	15/07/2006	14/04/2005	-	Amalgamated	NO
28	U45200MH2005PTC152940	E-CITY CONTRACTORS PRIVATE LIMITED	Director	02/05/2005	02/05/2005	23/03/2009	Active	NO
29	U92190MH2005PTC152972	BIOSCOPE CINEMAS PRIVATE LIMITED	Director	03/05/2005	03/05/2005	01/11/2011	Active	NO
30	U65923MH2005PTC153012	SUNCITY EQUIFIN PIVATE LIMITED	Director	04/05/2005	04/05/2005	02/02/2009	Amalgamated	NO
31	U45200MH2005PTC153860	E-CITY PROJECTS CONSTRUCTION PRIVATE LIMITED	Director	08/06/2005	08/06/2005	23/03/2009	Active	NO
32	U92190MH2005PTC154152	E-CITY MEDIA PRIVATE LIMITED	Director	22/06/2005	22/06/2005	15/01/2008	Active	NO
33	U92100MH2005PTC154170	E-CITY BIOSCOPE ENTERTAINMENT PRIVATE LIMITED	Director	21/07/2013	23/06/2005	-	Active	NO
34	U55101MH2005PTC154334	E-CITY EXHIBITION HOLDING PRIVATE LIMITED	Director	29/06/2005	29/06/2005	23/03/2009	Active	NO
35	U52190MH2005PTC155492	E-CITY PROPERTY MANAGEMENT & SERVICES PRIVATE LIMITED	Director	19/08/2005	19/08/2005	15/01/2008	Active	NO
36	U65990MH2000PTC128935	E-CITY INVESTMENTS AND HOLDINGS COMPANY PRIVATE LIMITED	Director	30/12/2005	30/12/2005	05/03/2009	Active	NO
37	U30006MH2006PLC160095	DIGITAL MEDIA CONVERGENCE LIMITED	Director	28/02/2006	28/02/2006	-	Amalgamated	NO
38	U64202MH2005PTC242691	KVS TELECOMMUNICATION PRIVATE LIMITED	Director	28/09/2007	01/04/2007	29/03/2011	Active	NO
39	U92412MH2007PTC170248	BOMBAY LEISURE SOLUTIONS PRIVATE LIMITED	Director	24/04/2007	24/04/2007	15/02/2014	Active	NO
40	U93090MH2007PTC170504	MUMBAI FOOTBALL CLUB PRIVATE LIMITED	Director	01/05/2007	01/05/2007	-	Active	NO
41	U92412DL2007PTC167813	THEA SHOPPING PRIVATE LIMITED	Director	06/09/2007	06/09/2007	14/03/2014	Active	NO
42	U74900MH2007PTC173867	ESSEL MEDIA VENTURES PRIVATE LIMITED	Director	06/09/2007	06/09/2007	23/11/2011	Active	NO
43	U45203MH2007PTC173577	WESTERN M P INFRASTRUCTURE & TOLL ROADS PRIVATE LIMITED	Director	02/09/2013	19/10/2007	-	Active	NO
44	L64200MH2006PLC160733	SITI CABLE NETWORK LIMITED	Whole-time director	23/10/2010	23/10/2007	31/05/2013	Active	NO
45	U64200MH2007PTC177124	BOMBAY MOBILE SOFTWARES PRIVATE LIMITED	Director	27/12/2007	27/12/2007	-	Active	NO
46	U92190MH2007PLC177148	ESSEL ENTERTAINMENT MEDIA LIMITED	Director	27/12/2007	27/12/2007	-	Amalgamated	NO
47	U13204KA2008PTC046731	KOLAR AND RAMGIRI GOLD MINING PRIVATE LIMITED	Director	10/06/2008	10/06/2008	21/11/2011	Active	NO
48	U92412MH2007PTC171016	PAN INDIA INFRAPROJECTS PRIVATE LIMITED	Director	30/09/2011	25/09/2008	20/03/2013	Active	NO
49	U22120MH2005PLC151377	DILIGENT MEDIA CORPORATION LIMITED	Director	18/09/2009	26/05/2009	-	Active	NO
50	U45203MH2009PLC193949	BINA KHIMLASA MALTHON TOLL ROADS LIMITED	Director	30/09/2013	09/07/2009	30/07/2014	Active	NO
51	U45200MH2009PLC193950	BHIND MIHONA GOPALPUR TOLL ROADS LIMITED	Director	09/07/2009	09/07/2009	30/07/2014	Active	NO
52	L51900MH1984PLC034501	SHIRPUR GOLD REFINERY LIMITED	Director	29/08/2011	26/04/2011	-	Active	NO
53	U70102MH2013PTC241311	ELCOM DEVELOPERS PRIVATE LIMITED	Director	25/09/2014	28/08/2014	-	Active	NO
54	U74999MH1987PLC044006	ESSEL INFRAPROJECTS LIMITED	Additional director	22/12/2014	22/12/2014	-	Active	NO
55	U40103MH2012PLC234503	ESSEL UTILITIES DISTRIBUTION COMPANY LIMITED	Additional director	22/12/2014	22/12/2014	-	Active	NO
56	U45200DL2013PLC260173	ESSEL HIGHWAYS LIMITED	Additional director	11/08/2015	11/08/2015	-	Active	NO
57	AAB-2967	ESSEL FINANCE MANAGEMENT LLP	Designated Partner	02/01/2013	02/01/2013	-	Active	NO

Name :

Mr. Subhash Chandra

Designation :

Director

Address :

Flat No.4 Hyde Part Street, London W22jw, London, 000000, , United Kingdom

Date of Birth/Age :

30.11.1950

Qualification :

Under Graduate

Date of Appointment :

07.07.1987

DIN No.:

00031458

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	L74950MH1982PLC028947	ESSEL PROPACK LIMITED	Director	22/12/1982	22/12/1982	-	Active	NO
2	U74999MH1987PLC044006	ESSEL INFRAPROJECTS LIMITED	Director	07/07/1987	07/07/1987	-	Active	NO
3	L92132MH1982PLC028767	ZEE ENTERTAINMENT ENTERPRISES LIMITED	Director	02/12/2005	25/06/1992	-	Active	NO
4	L51909DL1988PLC101836	DISH TV INDIA LIMITED	Director	09/08/1995	09/08/1995	-	Active	NO
5	U64201DL2000PLC106553	AGRANI SATELLITE SERVICES LIMITED	Director	20/12/2000	20/12/2000	-	Amalgamated	NO
6	U92200DL1959NPL003169	UNITED NEWS OF INDIA	Director	26/09/2006	26/09/2006	20/03/2009	Active	NO
7	L92100MH1999PLC121506	ZEE MEDIA CORPORATION LIMITED	Director	01/04/2007	23/11/2006	-	Active	NO
8	L64200MH2006PLC160733	SITI CABLE NETWORK LIMITED	Director	05/12/2006	05/12/2006	04/04/2015	Active	NO
9	U74120MH2007NPL168278	ADHIKAAR FOUNDATION	Director	29/08/2008	01/03/2007	-	Active	NO
10	L80220MH1999PLC121505	ETC NETWORKS LIMITED	Director	23/01/2008	23/01/2008	16/10/2008	Amalgamated	NO
11	U40103MH2012PLC234503	ESSEL UTILITIES DISTRIBUTION COMPANY LIMITED	Additional director	22/12/2014	22/12/2014	-	Active	NO
12	U45200DL2013PLC260173	ESSEL HIGHWAYS LIMITED	Additional director	11/08/2015	11/08/2015	-	Active	NO

Name :

Mr. Subodh Kumar

Designation :

Director

Address :

Yayati Co Op Housing Society Limited, Flat No.10, Plot No.09, Sector -58a, Nerul, Navi Mumbai, 400706, Maharashtra, India

Date of Birth/Age :

10.01.1952

Qualification :

Msc. Physics

Date of Appointment :

30.09.2013

DIN No.:

02151793

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	U15130PN2003PLC134014	CHITALI DISTILLERY LIMITED	Nominee director	07/11/2006	07/11/2006	15/07/2008	Amalgamated	NO
2	L80301MH2010PLC198405	ZEE LEARN LIMITED	Director	07/08/2013	29/05/2013	30/07/2015	Active	NO
3	L64200MH2006PLC160733	SITI CABLE NETWORK LIMITED	Director	30/08/2013	30/05/2013	-	Active	NO
4	U74999MH1987PLC044006	ESSEL INFRAPROJECTS LIMITED	Director	30/09/2013	03/07/2013	-	Active	NO
5	U40103MH2012PLC234503	ESSEL UTILITIES DISTRIBUTION COMPANY LIMITED	Director	30/09/2013	03/07/2013	-	Active	NO
6	U74900MH2013PTC244379	ESSEL FINANCE PORTFOLIO MANAGERS PRIVATE LIMITED	Director	30/08/2014	09/07/2013	-	Active	NO
7	L92132MH1982PLC028767	ZEE ENTERTAINMENT ENTERPRISES LIMITED	Director	18/07/2014	22/01/2014	-	Active	NO
8	U70101MH2008PLC183873	ESSEL FINANCE CAPSTAR ADVISORY Limited	Director	12/09/2014	25/03/2014	-	Active	NO
9	U65990MH1996PLC097941	ESSEL FINANCE BUSINESS LOANS LIMITED	Director	16/05/2014	03/04/2014	-	Active	NO
10	U67190TN1995PLC031910	ESSEL FINANCE VKC FOREX LIMITED	Additional director	02/12/2014	02/12/2014	-	Active	NO
11	AAB-2632	ESSEL FINANCE ADVISORS AND MANAGERS LLP	Designated Partner	29/07/2013	29/07/2013	-	Active	NO

Name :

Mr. Prakash Salikram Shukla

Designation :

Director

Address :

Flat No.304, Buliding No.11, Madha Colony, Kandivali West,, Mumbai, 400067, Maharashtra, India

Date of Appointment :

31.03.2015

DIN No.:

02533378

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	U74990MH2009PTC191167	JUST JOIN SUCCESS MARKETING PRIVATE LIMITED	Director	24/03/2009	24/03/2009	25/06/2010	Active	NO
2	U40300MH2013PLC244424	PN CLEAN ENERGY LIMITED	Additional director	31/03/2015	31/03/2015	-	Active	NO
3	U45203DL2011PTC223896	MHOW GHATABILLOD TOLL ROADS PRIVATE LIMITED	Additional director	31/03/2015	31/03/2015	-	Active	NO
4	U40300MH2011PLC215684	SND LIMITED	Additional director	31/03/2015	31/03/2015	-	Active	NO
5	U45203MH2009PLC193948	DAMOH - JABALPUR TOLL ROADS LIMITED	Additional director	31/03/2015	31/03/2015	-	Active	NO
6	U45200MH2009PLC193950	BHIND MIHONA GOPALPUR TOLL ROADS LIMITED	Additional director	31/03/2015	31/03/2015	-	Active	NO
7	U45203MH2009PLC193949	BINA KHIMLASA MALTHON TOLL ROADS LIMITED	Additional director	31/03/2015	31/03/2015	-	Active	NO
8	U45203MH2009PLC193947	SAGAR DAMOH TOLL ROADS LIMITED	Additional director	31/03/2015	31/03/2015	-	Active	NO
9	U45200DL2011PLC229484	ESSEL LUCKNOW RAEBARELI TOLL ROADS LIMITED	Additional director	31/03/2015	31/03/2015	-	Active	NO
10	U45203DL2011PTC226263	ESSEL GWALIOR SHIVPURI TOLL ROADS PRIVATE LIMITED	Additional director	31/03/2015	31/03/2015	-	Active	NO
11	U74999MH1987PLC044006	ESSEL INFRAPROJECTS LIMITED	Director	31/03/2015	31/03/2015	-	Active	NO

Name :

Mr. Ashok Govind Agarwal

Designation :

Whole-Time Director

Address :

A/401, Wing-A, Akruti Atria, Saiwadi, Andheri East, Mumbai, 400069, Maharashtra, India

Date of Birth/Age :

11.11.1973

Qualification :

B.E.

PAN No:

ADCPA2141B

Date of Appointment :

30.09.2013

DIN No.:

05275349

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	U40300DL2012PTC234592	ESSEL VIDYUT VITARAN (SAGAR) PRIVATE LIMITED	Director	30/09/2013	15/05/2012	06/11/2013	Active	NO
2	U40101DL2012PTC234711	ESSEL VIDYUT VITARAN (UJJAIN) PRIVATE LIMITED	Director	30/09/2013	15/05/2012	06/11/2013	Active	NO
3	U40300DL2012PTC234925	ESSEL VIDYUT VITARAN (GWALIOR) PRIVATE LIMITED	Director	30/09/2013	15/05/2012	06/11/2013	Active	NO
4	U40103MH2012PLC234503	ESSEL UTILITIES DISTRIBUTION COMPANY LIMITED	Director	14/08/2012	14/08/2012	-	Active	NO
5	U40107MH2012PTC234750	RAIPUR WATER SUPPLY PRIVATE LIMITED	Director	21/08/2012	21/08/2012	06/11/2013	Active	NO
6	U40300MH2012PLC235406	PAN INDIA UTILITIES DISTRIBUTION COMPANY LIMITED	Director	07/09/2012	07/09/2012	10/12/2012	Active	NO
7	U45203MH2012PTC228008	AURANGABAD JAL SUPPLY SOLUTIONS PRIVATE LIMITED	Director	28/09/2012	14/09/2012	19/07/2013	Active	NO
8	U40300MH2011PLC215684	SND LIMITED	Director	28/09/2012	20/09/2012	06/11/2013	Active	NO
9	U74999MH1987PLC044006	ESSEL INFRAPROJECTS LIMITED	Whole-time director	30/09/2013	01/02/2013	-	Active	NO
10	U40106DL2012PTC238237	ESSEL BAGALKOT SOLAR ENERGY PRIVATE LIMITED	Director	30/09/2013	04/04/2013	21/10/2013	Active	NO
11	U40109DL2012PTC238236	ESSEL GULBARGA SOLAR POWER PRIVATE LIMITED	Director	30/09/2013	04/04/2013	21/10/2013	Active	NO
12	U40300MH2011PLC218480	OSMANABAD SOLAR ENERGY LIMITED	Director	30/09/2013	04/04/2013	06/11/2013	Active	NO
13	U45200DL2012PTC236073	ESSEL WALAJAHPET POONAMALLEE TOLL ROADS PRIVATE LIMITED	Director	27/09/2013	04/04/2013	06/11/2013	Active	NO
14	U45203MH2005PTC153937	ESSEL AIRPORT INFRASTRUCTURE PRIVATE LIMITED	Director	30/09/2013	04/04/2013	06/11/2013	Active	NO
15	U41000MH2011PLC219120	AURANGABAD CITY WATER UTILITY COMPANY LIMITED	Director	30/09/2013	08/04/2013	17/08/2015	Active	NO
16	U45203PN2009PTC134473	SION PANVEL TOLLWAYS PRIVATE LIMITED	Director	26/09/2013	19/06/2013	05/08/2015	Active	NO
17	U45400MH2011PTC217032	ESSEL KIPL INFRASTRUCTURE PRIVATE LIMITED	Director	27/09/2013	19/06/2013	05/08/2015	Active	NO
18	U45203MH2007PTC173577	WESTERN M P INFRASTRUCTURE & TOLL ROADS PRIVATE LIMITED	Director	02/09/2013	25/06/2013	08/01/2014	Active	NO
19	U45200DL2013PLC260173	ESSEL HIGHWAYS LIMITED	Additional director	11/08/2015	11/08/2015	-	Active	NO

Name :

Ms. Nidhi Sodhani

Designation :

Additional Director

Address :

House No. 123, Tower 3f, Kalpatru Aura, Lbs Marg, Ghatkopar (West), R- City Mall, Mumbai-400086, Maharashtra, India

Date of Appointment :

08.05.2015

DIN No.:

07173272

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	U45206MH2010PLC201556	ESSEL SPORTS INFRASTRUCTURE LIMITED	Additional director	04/05/2015	04/05/2015	-	Active	NO
2	U45200DL2013PLC260173	ESSEL HIGHWAYS LIMITED	Additional director	04/05/2015	04/05/2015	-	Active	NO
3	U23200MH1994PTC077010	RPW PROJECTS PRIVATE LIMITED	Additional director	04/05/2015	04/05/2015	-	Active	NO
4	U90000DL2012PTC246382	PALLAVAPURAM TAMBARAM MSW PRIVATE LIMITED	Additional director	04/05/2015	04/05/2015	-	Active	NO
5	U45200MH2010PLC200541	ESSEL AHMEDABAD GODHRA TOLL ROADS LIMITED	Additional director	08/05/2015	08/05/2015	-	Active	NO
6	U74999MH1987PLC044006	ESSEL INFRAPROJECTS LIMITED	Additional director	08/05/2015	08/05/2015	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Sitansh Anilbhai Magia
Designation :	Secretary
Address :	Plot No.251, 6A, Kamdar Chamber, Sion (East), Mumbai, 400022, Maharashtra, India
Date of Birth/Age :	12.02.1975
PAN No:	AGSPM2560P
Date of Appointment :	20.06.2014
Name :	Mr. Prahalad Ray Mundra
Designation :	Chief Financial Officer
Address :	201 H-Wing, Ekta Bhoomi Garden, Dattapada Road, Borivali East, Mumbai-400066, Maharashtra, India
PAN No:	AIGPM3261R
Date of Appointment :	09.02.2015

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 30.09.2014

Names of Shareholders	No. of Shares
Subhash Chandra	4304310
Spirit Textiles Private Limited, India*	40362807
Rama Associates Limited, India	473600
Pan India Netwok Infravest Limited, India	200000000
Dinesh Kanodia	3000
Anand Chalwade	3500
Himanshu Modi	6000
Total	245153217

*Note: Premiere Finance and Trading company Limited has merged with Spirit Textiles Private Limited. Therefore Shares of Premier Finance and Trading Company Limited have been Transferred to Textiles Private Limited

Equity Share Break up (Percentage of Total Equity)

As on : 30.09.2014

Category	Percentage
Bodies corporate	98.23
Directors or relatives of Directors	1.76
Other top fifty shareholders	0.01
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is an infrastructure development company, it is engaged in developing road projects of national highways and state highways, power projects in thermal, hydel, solar, and wind transmission projects, shopping centers, sports complexes, convention, exhibition centers, food courts, hotels, restaurants, educational centers, cruise terminals, ports, jetties and social infrastructure projects.

Products/ Service :

Item Code No.	Product Description
99542119	Construction

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Not Divulged

PRODUCTION STATUS NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :	Not Divulged
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 :

Reference :	Not Divulged
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

No. of Employees :

Information declined by the Management

Bankers :

Bank Name	Yes Bank Limited
Branch	9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai- 400018, 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

• Tamilnad Mercantile Bank Limited, Hemprakash Building, Ground Floor, #92 Kazi Sayed  Street, Mandvi, Mumbai, Maharashtra - 400003, India
• ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri, Baroda, Gujarat - 390015, India

Facilities :

Secured Loan	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Long-term Borrowings
Term loans from banks	2927.500	1950.000
Term loans from Others	0.000	464.100
Total	2927.500	2414.100

Financial Institute:	IDBI Trusteeship Services Limited
Auditors :
Name :	Suresh Surana and Associates LLP Chartered Accountants
Address :	Evershine Millenium Paradise Emp 6 Flat No. 402/3 A Wing, Jupitor 4th Floor Thakur Village, Kandivali (East) Mumbai-400101, Maharashtra , India
PAN No.:	ACLFS1562L
Memberships :	Not Available
Collaborators :	Not Available
Holding Company:	Pan India Network Infravest Private Limited
Subsidiaries (Wholly Owned Subsidiaries Including Step Down Subsidiaries):	Essel Sagar Damoh Toll Roads Limited Essel Damoh Jabalpur Toll Roads Limited Essel Bhind Mihona Gopalpur Toll Roads Limited Essel Bina Khimlasa Malthon Toll Roads Limited Essel Sports Infrastructure Private Limited Essel M P Energy Limited Essel Lucknow Raebareli Toll Roads Private Limited Essel Gwalior Shivpuri Toll Roads Limited Essel Mhow Ghatabillod Toll Roads Private Limited Essel Airport Infrastructure Private Limited (up to 26.03.2014) Essel RPW Projects Private Limited Essel Urja Private Limited (w.e.f. 16.04.2012) Essel Walajahpet Poonamallee Toll Roads Private Limited (w.e.f.18.05.2012) Essel Gulbarga Solar Power Private Limited (w.e.f. 29.06.2012) Essel Bagalkot Solar Energy Private Limited (w.e.f. 29.06.2012) ICL Heroes Sports Private Limited Capstar Private Limited (Lahore Badshahs Private Limited) Essel Green Energy Private Limited (Essel U P Energy Pvt. Ltd.) (w.e.f. 13.09.2013) Essel Gas Company Limited (w.e.f. 10.02.2014) Essel Bhubaneswar MSW Limited (w.e.f. 17.01.2014) Essel Amritsar MSW Limited (w.e.f. 12.02.2014) Essel Urban Infarstructures Private Limited (up to 24.03.2014) Express Tunnelway Limited (w.e.f. 21.03.2014) Essel Solar Energy Private Limited (w.e.f. 20.12.2013) Essel Solar Power Private Limited (w.e.f. 20.12.2013) Darbhanga-Motihari Transmission Company Limited (w.e.f. 10.12.2013) Essel Jorhat Demoh Toll Roads Limited (w.e.f. 05.11.2013) Essel Bengaluru MSW Limited (w.e.f. 25.10.2013) Essel Highways Limited (Essel Roadways Limited) (w.e.f. 12.11.2013) Essel Infra Projects International Holding Private Limited (up to 12.07.2013) Pan India Infraprojects Private Limited ( upto 02.07.2012) Essel Pallavapuram Tambaram MSW Private Limited (upto 05.09.2013)
Subsidiaries Others:	Essel Ahmedabad Godhra Toll Roads Limited (Extent of holding-74%) Essel Jabalpur MSW Private Limited (Extent of holding-90%) (w.e.f. 23.01.2013) Essel Ludhiana Talwandi Toll Roads Private Limited (Extent of holding-74%) Essel Renewable Energy Limited (Extent of holding-99%) (w.e.f 03.09.2013) Essel Clean Energy Limited (Extent of holding-99%) (w.e.f. 03.09.2013) Western M P Infrastructure and Toll Roads Private Limited (Extent of holding-67%) (w.e.f.28.07.2013) Essel Pallavapuram Tambaram MSW Private Limited (Extent of holding-80%) (w.e.f.06.09.2013) Essel Infra Projects International Holdings Private Private (Extent of holding-51%) (w.e.f. 07.07.2013) Essel Infra Projects International Holdings Private Private (Extent of holding-51%) (w.e.f. 07.07.2013) Essel Solar Power Private Limited (Extent of holding-99%) (upto 19.12.2013) Ecogreen Enviro Tech Private Limited (Extent of holding-50.10%) Kakade Infrastructure Private Limited (Extent of holding-50.10%) BKC Redevelopment Private Limited (Extent of holding-50.10%) Essel KIPL Infrastructure Private Limited (Extent of holding-50.10%) Essel ADI Smart Grid Solutions Limited (Extent of holding- 80%) (upto 07.11.2012)
Associates Companies:	Malegaon Manmad Kopargaon Infrastructure and Toll Road Private Limited (Extent of holding-50%) Essel Clean Solu Hydropower Private Limited (Extent of holding -49%) Essel Mumbai WTR Private Limited (Extent of holding -50%) Aurangabad Jal Supply Solutions Private Limited (Extent of holding -37%) Kepler22 Envirotech Private Limited (Extent of holding -25%) Pan India Infraprojects Private Limited (Extent of holding -26%) (up to 26.03.2014) Essel Vidyut Vitaran (Gwalior) Private Limited (Extent of holding 26%) (w.e.f 27.04.2012) Western M P Infrastructure and Toll Roads Private Limited (Extent of holding 41%) (upto 28.07.2013) Aurangabad City Water Utility Company Limited (Extent of holding-20 %) Sion Panvel Tollways Private Limited ( (w.e.f.12.09.2013)
Enterprises which are owned, or have significant influence:	Zee Entertainment Enterprises Limited Zee Learn Limited

CAPITAL STRUCTURE

AFTER 30.09.2014

Authorised Capital : Rs.2500.000 Million

Issued, Subscribed & Paid-up Capital : Rs.2469.230 Million

AS ON : 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
250000000	Equity Shares	Rs.10/- each	Rs.2500.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
245153217	Equity Shares	Rs.10/- each	Rs.2451.532 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	2451.500	2451.500	2451.500
(b) Reserves & Surplus	30332.200	27213.200	14150.400
(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)	32783.700	29664.700	16601.900
(3) Non-Current Liabilities
(a) long-term borrowings	2987.500	2464.100	1752.800
(b) Deferred tax liabilities (Net)	31.000	13.100	8.000
(c) Other long term liabilities	0.000	25.200	813.500
(d) long-term provisions	6.000	9.800	4.000
Total Non-current Liabilities (3)	3024.500	2512.200	2578.300
(4) Current Liabilities
(a) Short term borrowings	1888.600	25.300	4740.500
(b) Trade payables	1264.700	184.700	879.700
(c) Other current liabilities	3649.200	5621.300	5594.000
(d) Short-term provisions	0.500	0.500	0.100
Total Current Liabilities (4)	6803.000	5831.800	11214.300
TOTAL	42611.200	38008.700	30394.500
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	12440.100	12453.700	12450.800
(ii) Intangible Assets	17.700	0.000	0.000
(iii) Capital work-in-progress	301.700	270.700	294.600
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	19442.500	13563.500	11679.600
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	557.200	5909.600	1148.200
(e) Other Non-current assets	1450.900	860.500	442.700
Total Non-Current Assets	34210.100	33058.000	26015.900
(2) Current assets
(a) Current investments	0.200	0.000	0.000
(b) Inventories	0.000	0.000	0.000
(c) Trade receivables	1569.800	249.900	921.900
(d) Cash and cash equivalents	519.600	483.100	369.000
(e) Short-term loans and advances	5984.600	4070.400	2991.100
(f) Other current assets	326.900	147.300	96.600
Total Current Assets	8401.100	4950.700	4378.600
TOTAL	42611.200	38008.700	30394.500

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	1811.700	1653.300	1812.300
		Other Income	1041.500	871.100	748.700
		TOTAL (A)	2853.200	2524.400	2561.000
Less	EXPENSES
		Employees benefits expense	148.600	80.700	59.600
		Other Expenses	1190.500	1278.200	1274.400
		Prior Period Items	(106.900)	13.300	0.000
		Exceptional Items	0.000	0.000	141.200
		TOTAL (B)	1232.200	1372.200	1475.200
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		1621.000	1152.200	1085.800
Less	FINANCIAL EXPENSES (D)		1206.500	1021.700	989.700
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		414.500	130.500	96.100
Less/ Add	DEPRECIATION/ AMORTISATION (F)		10.500	9.900	9.500
	PROFIT BEFORE TAX (E-F) (G)		404.000	120.600	86.600
Less	TAX (H)		8.400	42.800	26.600
	PROFIT AFTER TAX (G-H) (I)		395.600	77.800	60.000
	Earnings Per Share (Rs.)		1.61	0.32	1.30

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	3513.800	5388.700	5201.400
Cash generated from operations	NA	NA	NA
Net cash flows from (used in) operations	(173.600)	437.700	874.100
Net cash flows from (used in) operating activities	(318.300)	279.500	353.500

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	21.84	4.71	3.31
Operating Profit Margin (PBIDT/Sales)	(%)	89.47	69.69	59.91
Return on Total Assets (PBT/Total Assets}	(%)	1.77	0.50	0.47
Return on Investment (ROI) (PBT/Networth)		0.01	0.00	0.01
Debt Equity Ratio (Total Debt /Networth)		0.26	0.27	0.70
Current Ratio (Current Asset/Current Liability)		1.23	0.85	0.39

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	2451.500	2451.500	2451.500
Reserves & Surplus	14150.400	27213.200	30332.200
Net worth	16601.900	29664.700	32783.700
long-term borrowings	1752.800	2464.100	2987.500
Short term borrowings	4740.500	25.300	1888.600
Current Maturities Of Long-Term Debts	5201.400	5388.700	3513.800
Total borrowings	11694.700	7878.100	8389.900
Debt/Equity ratio	0.704	0.266	0.256

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)
Revenue from Operations	1812.300	1653.300	1811.700
		(8.773)	9.581

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Revenue from Operations	1812.300	1653.300	1811.700
Profit	60.000	77.800	395.600
	3.31%	4.71%	21.84%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check list by info agents	Available in Report (Yes/No)
1	Year of establishment	Yes
2	Constitution of the entity -Incorporation details	Yes
3	Locality of the entity	Yes
4	Premises details	No
5	Buyer visit details	--
6	Contact numbers	Yes
7	Name of the person contacted	No
8	Designation of contact person	No
9	Promoter’s background	Yes
10	Date of Birth of Proprietor / Partners / Directors	Yes
11	Pan Card No. of Proprietor / Partners	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	---
33	Market information	---
34	Payments terms	Yes
35	Negative Reporting by Auditors in the Annual Report	No

CORPORATE INFORMATION:

Subject is the infrastructure company of the Essel Group with interest in Road Projects of National Highways and State Highways, Urban Infrastructure, Power projects for Generation, Transmission and Distribution of Power, Water Management with specific focus on Waste Water Treatment and Distribution, Solid Waste Management, etc.

SCHEME OF ARRANGEMENT:

The Scheme of Arrangement (the “Scheme”) under Section 391 to 394 of the Companies Act, 1956 between the Company (the “Demerged Company”) and Essel Urban Infrastructures Private Limited (the “Resulting Company”) and their respective shareholders was sanctioned by Hon’ble High Court of judicature at Bombay vide order dated April 4, 2014. The order of the Hon’ble High Court of judicature at Bombay has been filed with the Registrar of Companies on June 5, 2014. Pursuant to the Scheme, the land of the Company bearing Survey No. 268 situated at Village Gorai, Tal- Borivali, Mumbai has been transferred and vested with the Resulting Company on the appointed date i.e. August 1, 2013 on a going concern basis. The effect of the Scheme has been given in the current financial statement.

UNSECURED LOAN

PARTICULARS	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
LONG-TERM BORROWINGS
Fully convertible debentures others	60.000	50.000
SHORT-TERM BORROWINGS
Incorporated	1888.600	25.300
Total	1948.600	75.300

Index of Charges:

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10585984	05/08/2015	200,000,000.00	IREP Credit Capital Private Limited	Unit No1110,11th Floor,The Capital,Plot No C-70,G-Block,Opp ICICI Bank,BKC,Bandra (E), Mumbai, Maharashtra - 400051, INDIA	C61706180
2	10582079	23/07/2015	500,000,000.00	TAMILNAD MERCANTILE BANK LIMITED	Hemprakash Building, Ground Floor, #92 Kazi Sayed  Street, Mandvi, Mumbai, Maharashtra - 400003, INDIA	C59883702
3	10575169	03/06/2015	3,100,000,000.00	PTC INDIA FINANCIAL SERVICES LIMITED	7th Floor, Telephone Exchange Building, 8 Bhikaji Cama Place, New Delhi, Delhi - 110066, INDIA	C56563018
4	10573431	27/06/2015 *	4,250,000,000.00	IDBI TRUSTEESHIP SERVICES LIMITED	Asian Building, Ground Floor, 17, R. Kamani Marg, Ballard Estate, Mumbai, Maharashtra - 400001, INDIA	C59053660
5	10557207	26/03/2015	2,500,000,000.00	IFCI LIMITED	IFCI TOWER, 61, NEHRU PLACE,, NEW DELHI, NEW DELH  I, Delhi - 110019, INDIA	C47811682
6	10549239	05/02/2015	5,000,000,000.00	IDBI TRUSTEESHIP SERVICES LIMITED	Asian Building, Ground Floor, 17. R. Kamani Marg, Ballard Estate, Mumbai, Maharashtra - 400001, INDIA	C43693555
7	10545386	16/01/2015	220,000,000.00	IDBI TRUSTEESHIP SERVICES LIMITED	Asian Building, Ground Floor, 17. R. Kamani Marg, Ballard Estate, Mumbai, Maharashtra - 400001, INDIA	C41579749
8	10535002	03/12/2014	6,050,000,000.00	IDBI TRUSTEESHIP SERVICES LIMITED	Asian Building, Ground Floor, 17. R. Kamani Marg, Ballard Estate, Mumbai, Maharashtra - 400001, INDIA	C36020642
9	10532751	27/11/2014	1,000,000,000.00	IFCI LIMITED	IFCI TOWER, 61, NEHRU PLACE,, NEW DELHI, NEW DELH  I, Delhi - 110019, INDIA	C34547117
10	10540352	01/11/2014	850,000,000.00	ICICI Bank Limited	LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA	C39077946

CONTINGENT LIABILITIES:

(Rs. in millions)

PARTICULARS	31.03.2014	31.03.2013
Other commitments	11936.000	8271.900
Total contingent liabilities	11936.000	8271.900

FIXED ASSETS

• Land
• Buildings
• Furniture and fixtures
• Vehicles
• Computer software

WEBSITE DETAILS: 13.08.2015

Essel Infraprojects Limited, a Subhash Chandra Goel-led Essel Group company, may file a Draft Red Herring Prospectus (DRHP) with market regulator SEBI by the end of the fiscal to raise funds though Initial Public Offer route, a top company executive said here on Thursday. Essel Infraprojects CEO Ashok Agarwal said that two of the six road projects currently under development may become operational by the end of the year and that currently, the company has ten road projects under operation. "We have not yet filed the Draft RHP. We intend to file it by the end of this year," Agarwal told agency on the sidelines of a Confederation of Indian Industry (CII) event. Meanwhile, the group signed an MoU with the CII today to form an 'Indian Technical Consortium' to be set up under the CII National Mission on Smart Cities. "Once the DRHP is filed, we have to look at market conditions and we are still discussing the quantum of funds to be raised though the IPO," he said, when asked about the size of the IPO and timeline to launch it. He said that the company has signed an MoU with the CII to be a part of a working committee led by IL&FS Chairman Ravi Parthasarathy. The committee has been given mandate to build five smart cities as part of a pilot programme. As per the MoU, both the organisations will work towards associating and bringing other technology as well as infrastructure solution partners together as a cohesive group to develop smart cities in India. "The 70-km Ludhiana-Talwandi road will be operational by November 2015 and the 130-km Gwalior-Shivpuri road will be operational by February or March 2016," he said. According to him, investments committed under the PPP route would be around USD 6 billion or Rs 35000.000 Million for both executed as well as projects under development put together.

NEWS/ PRESS RETAILERS: 11.09.2015

ESSEL GROUP KEEN TO DEVELOP RESORT CITY IN ANDHRA

Essel Group said on Friday that it is keen in developing an integrated resort city in Andhra Pradesh and will soon conduct a feasibility study. Amit Goenka, one of the promoters of the Essel Group, conveyed this to Andhra Pradesh Chief Minister N. Chandrababu Naidu during a meeting on Friday in Vijayawada.Stating that Andhra Pradesh has some of the best places, Naidu advised him to explore the locations and come up with a report. Goenka, who is CEO of Pan India Network Ltd, briefed Naidu on the progress of the company's work in developing smart cities. Essel Group is currently working on developing Tirupati as smart city.

Naidu welcomed the Essel Group to participate in the bidding process of waste to energy plants that will be set up in the state. Goenka informed the chief minster that they are working on a waste to energy plant in Jamshedpur. Naidu, who is the convener of the Swacch Bharat sub-group of chief ministers, asked Essel Group to give suggestions on the best technologies in waste management.

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.66.08
UK Pound	1	Rs.100.31
Euro	1	Rs.73.81

INFORMATION DETAILS

Information Gathered by :	SUP
Analysis Done by :	AMR
Report Prepared by :	HRS

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILITY	1~10	5
--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		45

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	--

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.