MIRA INFORM REPORT

Report No. :	489252
Report Date :	03.02.2018

IDENTIFICATION DETAILS

Name :	LOGIX CITY DEVELOPERS PRIVATE LIMITED
Registered Office :	301-A, World Trade Tower, Barakhamba Lane, Connaught Place, New Delhi-110001
Tel. No.:	91-120-4366098
Country :	India
Financials (as on) :	31.03.2016
Date of Incorporation :	07.03.2011
Com. Reg. No.:	55-215320
Capital Investment / Paid-up Capital :	INR 0.100 Million
CIN No.: [Company Identification No.]	U70101DL2011PTC215320
IEC No.:	Not Divulged
GSTIN/UIN:	Not Divulged
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AABCL9744L
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is engaged in real estate development and construction. [Registered Activity]
No. of Employees :	Information denied by the management

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

C

Credit Rating	Explanation	Rating Comments
C	Medium High Risk	Business dealings permissible preferably on secured basis

Status :	Moderate
Payment Behaviour :	Slow and delayed
Litigation :	Clear
Comments :	Subject was incorporated in the year 2011 and it is engaged in real estate development and construction. Management has failed to file its latest financials with Government Registry. As per provisional financials of March 2016, the company has registered healthy growth in its revenue as compared to its previous year’s revenue but has reported losses. Rating takes into consideration into consideration the company’s continuous losses from its operations which has led to erosion of net worth and weak financial risk profile. Payments seems to be slow and delayed. In view of aforesaid, the company can be considered for business dealings at fully safe and 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

Country Name	Previous Rating (30.06.2017)	Current Rating (30.09.2017)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	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 31-03-2016.

BIFR (Board for Industrial & Financial Reconstruction) LISTING STATUS

Subject’s name is not listed as a Sick Unit in the publicly available BIFR (Board for Industrial & Financial Reconstruction) list as of 03.02.2018

IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS

Subject’s name is not listed in the publicly available IBBI (Insolvency and Bankruptcy Board of India) list as of report date.

INFORMATION DENIED BY

Name :	Not Divulged
Designation :	Project Engineering department
Contact No.:	91- 9560099882
Date :	02.02.2018

Management Non-Cooperative (91-120-4366098)

LOCATIONS

Registered Office :	301-A, World Trade Tower, Barakhamba Lane, Connaught Place, New Delhi-110001, India
Tel. No.:	Not Available
Mobile No.:	91-9560099882
Fax No.:	Not Available
E-Mail :	cs@logixgroup.in eamktg.commercial@logixgroup.in mktg.commercial1@logixgroup.in sales2@logixgroup.in customercare@logixgroup.in info@logixgroup.in contactneoworld@logixgroup.in info@logixgroup.in zest@logixgroup.in corporate@logixgroup.in
Website :	http://www.logixgroup.in
Corporate Office :	A 4 and 5, Sector-16, Noida - 201301, Uttar Pradesh, India
Tel. No.:	91-120-4366000/4366098
Fax No.:	91-120-4366098
Site Address:	Group Housing Plot no-GH-02 Sec-143,Noida Gautam Buddha Nagar, Noida - 201301, Uttar Pradesh, India

DIRECTORS

AS ON 31.03.2017

Name :

Mrs. Meena Nath

Designation :

Director

Address :

34, Friends Colony East, Mathura Road, New Delhi – 110065, India

Date of Birth/Age :

24.02.1957

Date of Appointment :

07.03.2011

DIN No.:

00017033

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U74899DL1990PTC042122	UNIBROS MANUFACTURING COMPANY PRIVATE LIMITED	12/12/2016	-
U72900DL2001PTC112109	IT INFRASTRUCTURE PARK PRIVATE LTD	31/03/2006	-
U72901DL2006PTC148343	LOGIX INFRASERVICES PRIVATE LIMITED.	30/09/2016	-
U72200DL2008PTC172835	LOGIX INFRASTRUCTURE PRIVATE LIMITED	17/01/2008	-
U70100DL2001PTC166343	LOGIX SOFT-TEL PRIVATE LIMITED	02/12/2005	-
U72300DL2008PTC172710	LOGIX TECHNOPARK PRIVATE LIMITED	30/09/2016	-
U65929DL2008PTC179113	LOGIX FINANCE & INVESTMENT PVT.LTD.	05/06/2008	-
U70109DL2013PTC261920	ARISING ESTATES PRIVATE LIMITED	08/12/2017	-
U70101DL2010PTC207640	LOGIX DEVELOPERS PRIVATE LIMITED	27/08/2010	-
U70101DL2011PTC212296	LOGIX REALCON PRIVATE LIMITED	29/09/2016	-
U70100DL2011PTC212360	LOGIX INFRABUILD PRIVATE LIMITED	07/01/2011	-
U70100DL2011PTC214418	LOGIX BUILDESTATE PRIVATE LIMITED	19/02/2011	-
U70101DL2011PTC215280	LOGIX REALTY DEVELOPERS PRIVATE LIMITED	29/09/2016	-
U70200DL2011PTC215284	LOGIX INFRA DEVELOPERS PRIVATE LIMITED	08/12/2017	-
U70109DL2011PTC216006	PARADISE INFRAESTATE PRIVATE LIMITED	17/03/2011	-
U70109DL2011PTC216003	PARTH INFRAESTATE PRIVATE LIMITED	29/09/2016	-

Name :

Mr. Shakti Nath

Designation :

Director

Address :

34, Friends Colony East, Mathura Road, New Delhi – 110065, India

Date of Birth/Age :

16.04.1957

Date of Appointment :

07.03.2011

DIN No.:

00017090

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U74899DL1990PTC042122	UNIBROS MANUFACTURING COMPANY PRIVATE LIMITED	12/12/2016	-
U72200DL2001PTC112408	IT E-PARK PRIVATE LIMITED	13/09/2001	-
U72900DL2001PTC112109	IT INFRASTRUCTURE PARK PRIVATE LTD	22/08/2001	-
U70100DL2001PTC166343	LOGIX SOFT-TEL PRIVATE LIMITED	23/05/2016	-
U70100DL2001PTC166343	LOGIX SOFT-TEL PRIVATE LIMITED	29/09/2017	-
U70109DL2011PTC216003	PARTH INFRAESTATE PRIVATE LIMITED	29/09/2016	-
U72200DL2008PTC172835	LOGIX INFRASTRUCTURE PRIVATE LIMITED	17/01/2008	-
U70102DL2014PTC262972	CELERITY INFRASTRUCTURE PRIVATE LIMITED	29/09/2015	-
U65929DL2008PTC179113	LOGIX FINANCE & INVESTMENT PVT.LTD.	05/06/2008	-
U70101DL2011PTC216185	PALMS BUILDTECH PRIVATE LIMITED	29/09/2016	-
U70100DL2011PTC214418	LOGIX BUILDESTATE PRIVATE LIMITED	19/02/2011	-
U70100DL2011PTC212360	LOGIX INFRABUILD PRIVATE LIMITED	07/01/2011	-
U70101DL2010PTC207640	LOGIX DEVELOPERS PRIVATE LIMITED	27/08/2010	-

MAJOR SHAREHOLDERS

AS ON 31.03.2016

Names of Shareholders	No. of Shares	% of Holding
Logix Soft-Tel Private Limited, India	5000	50.00
Logix Realty Developers Private Limited, India	2500	25.00
VC Solutions Private Limited, India	2500	25.00
Total	10000	100.00

Equity Share Break up (Percentage of Total Equity)

AS ON 29.09.2017

Category	Percentage
Promoters- Body corporate	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged in real estate development and construction. [Registered Activity]

Products / Services :

Name and Description of main products / services	NIC Code of the Product/service
Constructions-Residential Buildings	99531121

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 :	--
Contact No.:	--
Since How Long Known :	--
Maximum Limit Dealt :	--
Experience :	--
Remark:	--

Customers :

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

No. of Employees :

Information denied by the management

Bankers :

Banker Name :	Not Divulged
Branch :	Not Divulged
Person Name (With Designation) :	--
Contact Number :	--
Name of Account Holder :	--
Account Number :	--
Account Since (Date/Year of Account Opening) :	--
Average Balance Maintained :	--
Credit Facilities Enjoyed (CC/OD/Term Loan) :	--
Account Operation :	--
Remark :	--

Facilities :

(INR In Million)

SECURED LOAN	As on 31.03.2016	As on 31.03.2015
LONG TERM BORROWING
18% Non-Covertible Debentures (11,850 Debenture of INR 0.100 Millin000/-each)	1.185	0.000
Deferred payment liabilities to Noida Authority	1.453	1.776
Total	2.638	1.776

Note:

Non Convertible Debentures were issued in FY 2015-16. Interest on Debentures are payable on quarter basis. The Debentures shall be redeemed within a period of 48 months from the date of subscription of First Tranche including a moratorium of 24 months.

The Company has taken plot No GH-02, Sector-143 Noida, admeasuring 100080.98 sq mt. from New Okhla Industrial Development Authority valuing INR 2356.907 Million in total, out of said amount 10% has been paid initially and balance is repayable by the company in 16 half yearly instalments commencing from October 7, 2013 along with interest @ 11% compounded half yearly. The company had defaulted in Payment of principal INR 132.576 Million and interest of INR 299.992 Million which was rescheduled by New Okhla Industrial Development Authority in October 2013. The rescheduled amount is payable in 15 half yearly installments along with interest @ 14% compounded half yearly commencing from 06/04/2014. During the current year, the Company has defaulted in payment of two consecutive principal installments of INR 294.891 Million (Including principal for Rescheduled part of INR 29.739 Million) along with interest of INR 191.484 Million (including interest for rescheduled part of INR 24.224 Million).

Auditors :
Name :	Saxena Singhal and Vaid Chartered Accountants
Address :	1589, Madarsa Road, Kashmere Gate, Delhi- 110006, India
Tel. No.:	91-11-23860374
E-Mail :	rks_ssv@yahoo.com
PAN N Income-tax PAN of auditor or auditor's firm :	AASFS6756R
Memberships :	Not Available
Collaborators :	Not Available
Holding company (AS ON 31.03.2016):	Logix Soft-Tel Private Limited [U70100DL2001PTC166343]
Fellow Subsidiaries (AS ON 31.03.2016):	VC Solutions Private Limited Logix Infra Developers Private Limited Legend IT Solutions Private Limited Logix Buildtech Private Limited Logix Colonisers Private Limited Logix Infratech Private Limited Logix Infrastructures Proiects Private Limited Logix Estates Private Limited ATS Heights Private Limited Logix Infrabuild Private Limited Logix Realtors Private Limited VipullT Infrasoft Private Limited Logix Buildwell Private Limited IT Enfraservices Private Limited ISP Technologies Private Limited Logix Technopark Private Limited Logix Buildcon Private Limited Logix Infraservices Private Limited Unibros Manufacturing Co. Private Limited Logix Realcon Private Limited Logix Infrastructure Private Limited Logix Developers Private Limited Impel Infrastructure Private Limited Contend Infrastructure Private Limited Contend Builders Private Limited Apace Buildtech Private Limited Abound Infrastructure Private Limited Consortium Infrastructure Private Limited Implex Infrastructure Private Limited Arisina Estates Private Limited Abet Buildcon Private Limited Celerity Infrastructure Private Limited Elicit Realtech Private Limited Docile Buildtech Private Limited Arable Builders Private Limited Hale Realtors Private Limited Explicit Estates Private Limited Affable Infracon Private Limited Educe Buildcon Private Limited Imperative Constructions Private Limited Auaur Realtors Private Limited Noida Cvberoark Private Limited
Enterprises under Significant Influence of Kev Management Personnel and their Relatives (AS ON 31.03.2016):	IT Infrastructure Park Private Limited Logix Heights Private Limited Combind Retail and Wholesale Suppliers Imperative Infracon Private Limited Invoke Realtors Private Limited Palms Buildtech Private Limited Vansh Computers Private Limited Paradise Infraestate Private Limited IT E - Park Private Limited Parth Infraestate Private Limited VC Infosoft Private Limited Neo Infrastructure Private Limned Logix Finance and Investment Private Limited Nobilitv Infrastructure Private Limited Eastlake Builders Private Limned Arising Buildtech Private Limited Inventive Infracon Private limited Novelty Infraestate Private Limited Loaix Buildestate Private Limited Eco Constructions and Trading Co. Lalima Infraestate Private limited Pearl Interiors and Developers Logix Realty Developers Private Limited Limited Tech Constructions and Developers Logix Developers and Infrastructures Private Limited Bestech Construction Co. Logix Builders and Promoters Private Limited Allways Constructions Co. Esthetic Buildtech Private Limited New Heioht Interior and Decoraters Brioht Distributors and Trading Co. Zenith Enterprises Neo Tech Material Suppliers VR Distributor and Suppliers CK Desions Private Limited CK Decors Private Limned Dimension Trading and Solutions CD. Star Distributors and Suppliers Co. Kwalnv Structures and Constructions Logix Buildcoro LLP Navivoti Commercial Projects Private Limned Logix Landmark LLP Assertive Infrastructure Private Limned

CAPITAL STRUCTURE

AS ON 31.03.2016

Authorised Capital :

No. of Shares	Type	Value	Amount
1000000	Equity Shares	INR 10/- each	INR 10.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	INR 10/- each	INR 0.100 Million

FINANCIAL DATA

[all figures are INR Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2016	31.03.2015	31.03.2014
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.100	0.100	0.100
(b) Reserves & Surplus	(215.432)	(156.733)	(15.879)
(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)	(215.332)	(156.633)	(15.779)
(3) Non-Current Liabilities
(a) long-term borrowings	2637.725	1775.553	2294.380
(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	1.947	1.099	0.000
Total Non-current Liabilities (3)	2639.672	1776.652	2294.380
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	48.221	48.581	5.474
(c) Other current liabilities	0.000	0.000	0.820
(d) Short-term provisions	4180.699	4529.146	3704.443
Total Current Liabilities (4)	4228.920	4577.727	3710.737
TOTAL	6653.260	6197.746	5989.338
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.865	1.258	0.000
(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	0.000	0.000	0.000
(c) Deferred tax assets (net)	93.713	68.315	6.091
(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	94.578	69.573	6.091
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	2336.616	2154.210	1978.388
(c) Trade receivables	0.000	0.000	0.000
(d) Cash and cash equivalents	69.428	116.100	93.849
(e) Short-term loans and advances	0.000	0.000	0.000
(f) Other current assets	4152.638	3857.863	3911.010
Total Current Assets	6558.682	6128.173	5983.247
TOTAL	6653.260	6197.746	5989.338

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2016	31.03.2015	31.03.2014
	SALES
	Income	542.968	209.717	2751.294
	Other Income	3.322	13.566	33.082
	TOTAL	546.290	223.283	2784.376
Less	EXPENSES
	Cost of materials consumed, construction & other related project cost	521.080	356.297	2399.981
	Employees benefits expense	8.493	7.237	0.000
	Other expenses	19.405	58.263	408.132
	Extraordinary items	0.000	0.332	0.000
	TOTAL	548.978	422.129	2808.113
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	(2.688)	(198.846)	(23.737)
Less	FINANCIAL EXPENSES	81.927	4.121	0.123
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	(84.615)	(202.967)	(23.860)
Less/ Add	DEPRECIATION/ AMORTISATION	0.393	0.111	0.588
	PROFIT/ (LOSS) BEFORE TAX	(85.008)	(203.078)	(24.448)
Less	TAX	(26.309)	(62.223)	(5.894)
	PROFIT/ (LOSS) AFTER TAX	(58.699)	(140.855)	(18.554)
	Earnings / (Loss) Per Share (INR)	(5869.90)	(14085.46)	(1855.47)

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2016	31.03.2015	31.03.2014
Current Maturities of Long term debt	0.000	247.762	201.557
Cash generated from operations	NA	NA	NA
Net cash flow from /(used in) operating activities	(908.843)	81.558	102.262

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2016	31.03.2015	31.03.2014
Average Collection Days (Sundry Debtors / Income * 365 Days)	0.00	0.00	0.00
Account Receivables Turnover (Income / Sundry Debtors)	0.00	0.00	0.00
Average Payment Days (Sundry Creditors / Purchases * 365 Days)	33.78	49.77	0.83
Inventory Turnover (Operating Income / Inventories)	0.00	(0.09)	(0.01)
Asset Turnover (Operating Income / Net Fixed Assets)	(3.11)	(158.07)	0.00

LEVERAGE RATIOS

PARTICULARS	31.03.2016	31.03.2015	31.03.2014
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	1.03	1.07	1.04
Debt Equity Ratio (Total Liability / Networth)	(12.25)	(12.92)	(158.18)
Current Liabilities to Networth (Current Liabilities / Net Worth)	(19.64)	(29.23)	(235.17)
Fixed Assets to Networth (Net Fixed Assets / Networth)	0.00	(0.01)	0.00
Interest Coverage Ratio (PBIT / Financial Charges)	(0.03)	(48.25)	(192.98)

PROFITABILITY RATIOS

PARTICULARS		31.03.2016	31.03.2015	31.03.2014
Net Profit Margin ((PAT / Sales) * 100)	%	(10.81)	(67.16)	(0.67)
Return on Total Assets ((PAT / Total Assets) * 100)	%	(0.88)	(2.27)	(0.31)
Return on Investment (ROI) ((PAT / Networth) * 100)	%	27.26	89.93	117.59

SOLVENCY RATIOS

PARTICULARS	31.03.2016	31.03.2015	31.03.2014
Current Ratio (Current Assets / Current Liabilities)	1.55	1.34	1.61
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	1.00	0.87	1.08
G-Score Ratio Financial (Networth / Total Assets)	(0.03)	(0.03)	0.00
G-Score Ratio Debt (Debts / Equity Capital)	26377.25	20233.15	24959.37
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	1.55	1.34	1.61

Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts

FINANCIAL ANALYSIS

[all figures are INR Million]

DEBT EQUITY RATIO

Particular	31.03.2014	31.03.2015	31.03.2016
	INR In Million	INR In Million	INR In Million
Share Capital	0.100	0.100	0.100
Reserves & Surplus	(15.879)	(156.733)	(215.432)
Share Application money pending allotment	0.000	0.000	0.000
Net worth	(15.779)	(156.633)	(215.332)
Long Term borrowings	2294.380	1775.553	2637.725
Short Term borrowings	0.000	0.000	0.000
Current Maturities of Long term debt	201.557	247.762	0.000
Total borrowings	2495.937	2023.315	2637.725
Debt/Equity ratio	(158.181)	(12.918)	(12.250)

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2014	31.03.2015	31.03.2016
	INR In Million	INR In Million	INR In Million
Sales	2751.294	209.717	542.968
		(92.378)	158.905

NET PROFIT MARGIN

Net Profit Margin	31.03.2014	31.03.2015	31.03.2016
	INR In Million	INR In Million	INR In Million
Sales	2751.294	209.717	542.968
Profit	(18.554)	(140.855)	(58.699)
	(0.67%)	(67.16%)	(10.81%)

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	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	No
17	Details of sister concerns	Yes
18	Major suppliers	No
19	Major customers	No
20	Banking Details	No
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	No
26	Turnover of firm for last three years	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last three years	Yes
30	Major shareholders, if available	Yes
31	External Agency Rating, if available	No
32	Litigations that the firm/promoter involved in	--
33	Market information	--
34	Payments terms	No
35	Negative Reporting by Auditors in the Annual Report	No

BACKGROUND OF THE COMPANY

Subject is a private company domiciled in India and incorporated under the provisions of the Companies Act, 1956. The company is engaged in the business of Real Estate Development and construction.

INDEX OF CHARGE:

SNO	SRN	CHARGE ID	CHARGE HOLDER NAME	DATE OF CREATION	DATE OF MODIFICATION	DATE OF SATISFACTION	AMOUNT	ADDRESS
1	C57244691	10575434	IDBI TRUSTEESHIP SERVICES LIMITED	21/05/2015	15/06/2015	-	1250000000.0	ASIAN BUILDING, GROUND FLOOR,17, R.KAMANI MARG, BALLARD ESTATEMUMBAIMH400001IN
2	C55625743	10478764	ICICI BANK LIMITED	15/02/2014	-	05/06/2015	1700000000.0	S-26, 27, 28, FIRST FLOOR, VEERA TOWERSGREEN PARK EXTENSIONNEW DELHIDL110016IN
3	C54781448	10309867	ICICI BANK LIMITED	27/09/2011	-	01/06/2015	1000000000.0	S-26, 27 & 28GREEN PARK EXTENSIONNEW DELHIDL110016IN

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 records 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 records 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	INR
US Dollar	1	INR 64.08
UK Pound	1	INR 91.34
Euro	1	INR 80.03

INFORMATION DETAILS

Information Gathered by :	SAV
Analysis Done by :	VIV
Report Prepared by :	KVT

SCORE FACTORS

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

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

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 are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

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.