MIRA INFORM REPORT

Report No. :	494532
Report Date :	27.02.2018

IDENTIFICATION DETAILS

Name :	PIONEER URBAN LAND AND INFRASTRUCTURE LIMITED
Registered Office :	A-22 Green Park, 3rd Floor, Aurobindo Marg, New Delhi - 110016
Tel. No.:	91-11-26855008
Country :	India
Financials (as on) :	31.03.2017
Date of Incorporation :	31.01.1985
Com. Reg. No.:	55- 019985
Capital Investment / Paid-up Capital :	INR 10.000 Million
CIN No.: [Company Identification No.]	U65910DL1985PLC019985
IEC No.: [Import-Export Code No.]	Not Available
GSTN : [Goods & Service Tax Registration No.]	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AACCP8576B
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Subject is engaged in the business of real estate activities with own or leased property. [Registered Activity]
No. of Employees :	Not Available

RATING & COMMENTS

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

MIRA’s Rating :

A

Credit Rating	Explanation	Rating Comments
A	Acceptable Risk	Business dealings permissible with moderate risk of default

Maximum Credit Limit :	USD 3600000
Status :	Good
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject was incorporated in the year 1985. It is engaged in real estate business. As per the financial records of 2017, the company has achieved an average profitability margin of 1.47% but has reported a decline in its revenue as compared to the previous year. The company possesses sound financial position marked by healthy net worth base along with sufficient liquidity position and moderate debt balance sheet profile. Business is active. Payment seems to be slow but correct. In view of aforesaid, the company can be considered for business dealings at usual trade terms and condition.

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 (30.09.2017)	Current Rating (31.12.2017)
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

Rating Agency Name	ICRA
Rating	Non fund based facilities: BBB-
Rating Explanation	Moderate degree of safety and moderate credit risk.
Date	19.12.2017

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 27.02.2018

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.

LOCATIONS

Registered Office :	A-22 Green Park, 3rd Floor, Aurobindo Marg, New Delhi - 110016
Tel. No.:	91-11-26855008
Fax No.:	Not Available
E-Mail :	corporateaffairs@pioneerurban.in sales@pioneerurban.in
Website :	http://www.pioneerurban.in
Corporate Office:	Paras Downtown Centre, 7^th Floor, Golf Course Road, Sector-53, Gurugram - 122 002, Haryana, India
Tel. No.:	91-124-4322 300
Fax No.:	91-124-4322400
Site Office:	Pioneer Park, Sector 62, Golf Course Extension Road, Gurugram, Haryana, India
Tel. No.:	91- 124-2722000

DIRECTORS

AS ON 31.03.2017

Name :

Mr. Manish Periwal

Designation :

Managing Director

Address :

Anugrah 9, New Road, Kolkata- 700027, West Bengal, India

Date of Birth/Age :

03.05.1969

Qualification:

B.Com.

Date of Appointment :

05.08.1991

DIN No.:

00015247

PAN No.:

AFWPP8883K

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U74899DL1990PTC039399	SANGAM FARMS PRIVATE LIMITED	30/06/2005	-
U74899DL1990PTC039404	SAVERA FARMS PRIVATE LIMITED	30/06/2005	-
U74899DL1990PTC039383	CHITVAN FARMS PRIVATE LIMITED	30/06/2005	-
U92199DL2005PLC140469	UNITECH-PIONEER RECREATION LIMITED	07/09/2005	-
U70109DL2006PLC146009	PIONEER URBAN INFOCITY LIMITED	07/02/2006	-
U45200DL2008PTC175103	ACCORD RETAIL VENTURES PRIVATE LIMITED	15/11/2011	-
U74910DL2008PTC175102	SPECTRUM OUTSOURCING SOLUTIONS PRIVATE LIMITED	15/11/2011	-
U60231DL2008PTC175701	NEW AGE LOGISTICS PRIVATE LIMITED	15/11/2011	-
U45200DL2006PTC153943	UNITECH PIONEER NIRVANA RECREATION PRIVATE LIMITED	26/09/2011	-

Name :

Mr. Ashish Periwal

Designation :

Director

Address :

Anugrah 9, New Road, Kolkata- 700027, West Bengal, India

Date of Birth/Age :

19/08/1981

Qualification:

B.Com.

Date of Appointment :

29.07.2006

DIN No.:

00015227

PAN No.:

AIRPP9490J

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U65993WB1990PTC048158	ELDORADO HOLDINGS PVT LTD	18/12/2003	-
U48678WB1990PTC098960	PURMA OVERSEAS PRIVATE LIMITED	20/05/2003	-
U74899DL1972PTC006194	CONSOLIDATED AERIALS PVT LTD	02/03/2003	-
U51109WB2007PTC114582	OUTLOOK DEALCOM PRIVATE LIMITED	01/02/2016	-
U14200WB2011PTC171026	BLACK GOLD EXCAVATORS PRIVATE LIMITED	21/12/2011	-

Name :

Mrs. Meenakshi Periwal

Designation :

Director

Address :

Anugrah 9, New Road, Kolkata- 700027, West Bengal, India

Date of Birth/Age :

30.10.1970

Qualification:

B.Com.

Date of Appointment :

17.10.2002

DIN No.:

00015297

PAN No.:

ABCPL4328L

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U65999WB1995PTC068123	SWISS INDIA FINANCIAL SERVICES COMPANY PRIVATE LIMITED	07/02/1995	-
U70109DL2006PLC146009	PIONEER URBAN INFOCITY LIMITED	07/02/2006	-
U45200DL2008PTC175103	ACCORD RETAIL VENTURES PRIVATE LIMITED	15/11/2011	-
U74910DL2008PTC175102	SPECTRUM OUTSOURCING SOLUTIONS PRIVATE LIMITED	15/11/2011	-
U60231DL2008PTC175701	NEW AGE LOGISTICS PRIVATE LIMITED	15/11/2011	-
U74120DL2008PTC175237	NEW AGE WAREHOUSING PRIVATE LIMITED	15/11/2011	-

Name :

Mr. Prashant Babulal Pachisia

Designation :

Director

Address :

1703, Rushabh Tower, Jakaria Bunder Cross Road, Sewri (West), Mumbai -400015, Maharashtra, India

Date of Birth/Age :

03/04/1945

Qualification:

Graduate

Date of Appointment :

30.09.2015

DIN No.:

00247747

PAN No.:

AFQPP6475B

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U67120MH1978PTC020759	STERLITE METAL ROLLING MILLS PRIVATE LIMITED	18/05/2016	-
U27109WB1993PTC058802	PRAVEEN POLYTHYLENE PVTM LTD	25/06/2013	-
U27109WB1993PTC058803	ARYAN WIRES PVT. LTD.	25/06/2013	-
U45203MH2002PTC137247	SHIV DARSHAN PROPERTIES PRIVATE LIMITED	18/07/2005	-

Name :

Mr. Sanjay Kumar Mundhra

Designation :

Director

Address :

Mundhra House, European Quarters Chaibasa, West Singhbhum Chaibasa- 833201, Jharkhand, India

Date of Birth/Age :

04.03.1966

Qualification:

Graduate

Date of Appointment :

30.09.2015

DIN No.:

00276850

PAN No.:

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U74140WB1995PTC070455	POUSHALI SALES PVT. LTD.	16/03/2004	-
U20211WB1997PTC083182	AASHRAY ENTERPRISES PRIVATE LIMITED	16/03/2004	-

KEY EXECUTIVES

Name :	Chandra Deo Sah
Designation :	Company Secretary
Address :	B-258 DDA Flat First Floor, New Ranjeet Nagar, Opposite Police Station, New Delhi -110008, India
Date of Appointment :	01.08.2017
PAN No.:	AQQPS9747J
Name :	Sandeep Agarwal
Designation :	Chief Executive Officer
Address :	248, S.F.S Flats, Rajouri Appartment, Mayapuri, New Delhi -110064, India
Date of Appointment :	01.04.2015
PAN No.:	AAGPA3431M

MAJOR SHAREHOLDERS

AS ON 31.03.2017

Names of Shareholders	No. of Shares
Mahabir Prasad Periwal	299700
Manish Periwal	254500
Ashish Periwal	200000
Consolidated Aerials Private Limited	218700
Periwal Industrial Corp. Limited	9000
J S M Investments Limited	6000
Badridas Investment Co. Limited	12100
Total	1000000

Equity Share Break up (Percentage of Total Equity)

AS ON 29.09.2017

Category	Percentage
Promoters- Individual/Hindu Undivided Family- Indian	75.42
Promoters- Body corporate	21.87
Public/Other than promoters - Body corporate	2.71
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged in the business of real estate activities with own or leased property. [Registered Activity]

Products / Services :

Name and Description of main products / services	NIC Code of the Product/service
Real Estate Activities with own or leased property	68100

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Available

Imports :

Not Available

Terms :

Not Available

PRODUCTION STATUS – (NOT AVAILABLE)

GENERAL INFORMATION

Suppliers :

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

Customers :

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

No. of Employees :

Not Available

Bankers :

Banker Name :	ICICI Bank Limited
Branch :	ICICI Bank Tower, Near Chakli Circle,Old Padra Road, Vadodara - 390007, Gujarat, India
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 :	--

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

Facilities :

(INR In Million)

SECURED LOAN	As on 31.03.2017	As on 31.03.2016
LONG TERM BORROWING
Term loans from banks	3234.461	2053.419
Other loans and advances	4.467	2.658
SHORT TERM BORROWING
Working capital loans from banks	55.386	0.000
Loans repayable on demand	0.000	4.542
Total	3294.314	2060.619

Auditors :
Name :	P. K. Taparia and Associates Chartered Accountants
Address :	Level 1st, 2001, Street No. 23,Jagdamba Road, Tughlakabad Extension, New Delhi- 110019, India
PAN N Income-tax PAN of auditor or auditor's firm :	AHBPP1257G
Memberships :	Not Available
Collaborators :	Not Available
Subsidiary company:	Pioneer Urban Infocity Limited, India [U70109DL2006PLC146009] Greenwoods Hospitality Private Limited, India [U70109DL2006PTC152810] New Age Warehousing Private Limited, India [U74120DL2008PTC175237] Savera Farms Private Limited, India [U74899DL1990PTC039404] Sangam Farms Private Limited, India [U74899DL1990PTC039399] Chitvan Farms Private Limited, India [U74899DL1990PTC039383] Sarda Housing Development Limited, India [U65922WB1986PLC040820] Unitech Limited, India [L74899DL1971PLC009720] Sangla Builders Private Limited, India [U70109DL2006PTC152179] Mahoba Healthcare Private Limited, India [U85110DL2006PTC151446] Dhaulagiri Projects Limited, India [U70109DL2006PLC151755] Visionary Properties Private Limited, India [U70109DL2006PTC152529] Visionary Builders Private Limited, India [U70109DL2006PTC152530] Allen Projects Limited, India [U45201DL2006PLC147139] New Age Logistics Private Limited, India [U60231DL2008PTC175701] Accord Retail Ventures Private Limited, India [U45200DL2008PTC175103] Spectrum Outsourcing Solutions Private Limited, India [U74910DL2008PTC175102]

CAPITAL STRUCTURE

AS ON 31.03.2017

Authorised Capital :

No. of Shares	Type	Value	Amount
5000000	Equity Shares	INR 10/- each	INR 50.000 Million

Issued, Subscribed & Paid-up Capital :

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

FINANCIAL DATA

[all figures are INR Million]

ABRIDGED BALANCE SHEET (STANDALONE)

SOURCES OF FUNDS	31.03.2017	31.03.2016	31.03.2015
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	10.000	10.000	10.000
(b) Reserves and Surplus	1259.430	1233.505	1131.588
(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)	1269.430	1243.505	1141.588
(3) Non-Current Liabilities
(a) long-term borrowings	3239.381	2056.530	1435.605
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long-term liabilities	66.337	65.989	65.992
(d) long-term provisions	25.407	16.300	9.394
Total Non-current Liabilities (3)	3331.125	2138.819	1510.991
(4) Current Liabilities
(a) Short-term borrowings	55.386	4.542	57.306
(b) Trade payables	487.078	736.041	440.608
(c) Other current liabilities	7776.606	8663.925	8421.020
(d) Short-term provisions	16.835	53.731	3.055
Total Current Liabilities (4)	8335.905	9458.239	8921.989
TOTAL	12936.460	12840.563	11574.568
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	1358.443	22.340	30.552
(ii) Intangible Assets	3.917	5.702	8.296
(iii) Tangible assets 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	177.481	177.481	177.481
(c) Deferred tax assets (net)	8.647	7.982	4.063
(d) Long-term loans and advances	2305.682	2320.408	2285.740
(e) Other Non-current assets	51.666	68.349	37.385
Total Non-Current Assets	3905.836	2602.262	2543.517
(2) Current assets
(a) Current investments	210.000	222.696	433.742
(b) Inventories	6957.774	7041.318	5427.239
(c) Trade receivables	938.756	1409.728	1510.780
(d) Cash and bank balances	407.040	491.356	385.692
(e) Short-term loans and advances	230.180	790.254	1079.672
(f) Other current assets	286.874	282.949	193.926
Total Current Assets	9030.624	10238.301	9031.051
TOTAL	12936.460	12840.563	11574.568

PROFIT & LOSS ACCOUNT (STANDALONE)

	PARTICULARS	31.03.2017	31.03.2016	31.03.2015
	SALES
	Income	1760.963	1945.391	3868.191
	Other Income	112.537	161.246	316.669
	TOTAL	1873.500	2106.637	4184.860
Less	EXPENSES
	Cost of Materials Consumed	0.000	0.000	0.000
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	1229.822	1629.270	3794.471
	Employee benefit expense	159.998	165.265	148.511
	CSR expenditure	0.938	1.099	0.964
	Other expenses	261.626	91.089	72.339
	TOTAL	1652.384	1886.723	4016.285
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	221.116	219.914	168.575
Less	FINANCIAL EXPENSES	145.228	60.421	70.103
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	75.888	159.493	98.472
Less/ Add	DEPRECIATION/ AMORTISATION	35.136	12.201	17.668
	PROFIT/ (LOSS) BEFORE TAX	40.752	147.292	80.804
Less	TAX	14.827	45.375	16.890
	PROFIT/ (LOSS) AFTER TAX	25.925	101.917	63.914
	Earnings / (Loss) Per Share (INR)	25.925	101.917	63.914

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2017	31.03.2016	31.03.2015
Current Maturities of Long term debt	121.530	78.291	68.494
Cash generated from operations	NA	NA	NA
Net cash flows from (used in) operations	15.500	(727.416)	(638.257)
Net cash flows from (used in) operating activities	111.676	(725.120)	(488.997)

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Average Collection Days (Sundry Debtors / Income * 365 Days)	194.58	264.50	142.56
Account Receivables Turnover (Income / Sundry Debtors)	1.88	1.38	2.56
Average Payment Days (Sundry Creditors / Purchases * 365 Days)	0.00	0.00	0.00
Inventory Turnover (Operating Income / Inventories)	0.03	0.03	0.03
Asset Turnover (Operating Income / Net Fixed Assets)	0.16	7.84	4.34

LEVERAGE RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	0.90	0.90	0.90
Debt Equity Ratio (Total Liability / Networth)	2.69	1.72	1.37
Current Liabilities to Networth (Current Liabilities / Net Worth)	6.57	7.61	7.82
Fixed Assets to Networth (Net Fixed Assets / Networth)	1.07	0.02	0.03
Interest Coverage Ratio (PBIT / Financial Charges)	1.52	3.64	2.40

PROFITABILITY RATIOS

PARTICULARS		31.03.2017	31.03.2016	31.03.2015
Net Profit Margin ((PAT / Sales) * 100)	%	1.47	5.24	1.65
Return on Total Assets ((PAT / Total Assets) * 100)	%	0.20	0.79	0.55
Return on Investment (ROI) ((PAT / Networth) * 100)	%	2.04	8.20	5.60

SOLVENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Current Ratio (Current Assets / Current Liabilities)	1.08	1.08	1.01
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	0.25	0.34	0.40
G-Score Ratio Financial (Networth / Total Assets)	0.10	0.10	0.10
G-Score Ratio Debt (Debts / Equity Capital)	341.63	213.94	156.14
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	1.08	1.08	1.01

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	31.03.2015	31.03.2016	31.03.2017
	(INR In Million)	(INR In Million)	(INR In Million)
Share Capital	10.000	10.000	10.000
Reserves & Surplus	1131.588	1233.505	1259.430
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	1141.588	1243.505	1269.430
Long-term borrowings	1435.605	2056.530	3239.381
Short term borrowings	57.306	4.542	55.386
Current maturities of long-term debts	68.494	78.291	121.530
Total borrowings	1561.405	2139.363	3416.297
Debt/Equity ratio	1.368	1.720	2.691

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2015	31.03.2016	31.03.2017
	(INR In Million)	(INR In Million)	(INR In Million)
Sales	3868.191	1945.391	1760.963
		(49.708)	(9.480)

NET PROFIT MARGIN

Net Profit Margin	31.03.2015	31.03.2016	31.03.2017
	(INR In Million)	(INR In Million)	(INR In Million)
Sales	3868.191	1945.391	1760.963
Profit/ (Loss)	63.914	101.917	25.925
	1.65 %	5.24 %	1.47 %

ABRIDGED BALANCE SHEET (CONSOLIDATED)

SOURCES OF FUNDS	31.03.2017	31.03.2016
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	10.000	10.000
(b) Reserves and Surplus	1475.687	1482.160
(c) Money received against share warrants	0.000	0.000
(d) Minority interest	15.281	16.419
(2) Share Application money pending allotment	0.000	0.000
Total Shareholders’ Funds (1) + (2)	1485.687	1492.160
(3) Non-Current Liabilities
(a) long-term borrowings	3239.381	2056.530
(b) Deferred tax liabilities (Net)	0.000	0.000
(c) Other long-term liabilities	101.819	86.434
(d) long-term provisions	27.918	17.687
Total Non-current Liabilities (3)	3369.118	2160.651
(4) Current Liabilities
(a) Short-term borrowings	55.386	4.542
(b) Trade payables	538.765	747.048
(c) Other current liabilities	8184.054	8945.960
(d) Short-term provisions	16.937	58.184
Total Current Liabilities (4)	8795.142	9755.734
TOTAL	13665.228	13424.964
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	1454.185	122.289
(ii) Intangible Assets	49.606	51.392
(iii) Tangible assets capital work-in-progress	1.090	1.399
(iv) Intangible assets under development	0.871	0.000
(b) Non-current Investments	50.457	51.844
(c) Deferred tax assets (net)	39.314	23.915
(d) Long-term loans and advances	2.025	6.343
(e) Other Non-current assets	53.870	70.166
Total Non-Current Assets	1651.418	327.348
(2) Current assets
(a) Current investments	210.000	222.696
(b) Inventories	9534.444	9621.821
(c) Trade receivables	946.005	1417.007
(d) Cash and bank balances	543.573	538.748
(e) Short-term loans and advances	475.833	1004.883
(f) Other current assets	303.955	292.461
Total Current Assets	12013.810	13097.616
TOTAL	13665.228	13424.964

PROFIT & LOSS ACCOUNT (CONSOLIDATED)

	PARTICULARS	31.03.2017	31.03.2016
	SALES
	Income	1936.633	2071.261
	Other Income	120.799	163.897
	TOTAL	2057.432	2235.158
Less	EXPENSES
	Cost of Materials Consumed	0.000	0.000
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	1282.632	1713.150
	Employee benefit expense	192.242	192.718
	CSR expenditure	0.939	1.099
	Other expenses	402.580	108.937
	TOTAL	1878.393	2015.904
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	179.039	219.254
Less	FINANCIAL EXPENSES	146.024	61.188
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	33.015	158.066
Less/ Add	DEPRECIATION/ AMORTISATION	39.424	16.966
	PROFIT/ (LOSS) BEFORE TAX	(6.409)	141.100
Less	TAX	1.202	43.994
	PROFIT/ (LOSS) AFTER TAX	(7.611)	97.106
	Profit (loss) of minority interest	1.138	1.490
	Total profit (loss) for period	(6.473)	98.596
	Earnings / (Loss) Per Share (INR)	(7.61)	97.11

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	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	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	No
35	Negative Reporting by Auditors in the Annual Report	No

UNSECURED LOANS:

(INR In Million)

Particulars	As on 31.03.2017	As on 31.03.2016
LONG TERM BORROWING
Term loans from others	0.453	0.000
Loans and advances from related parties	0.000	0.453
Total	0.453	0.453

INDEX OF CHARGE:

SNO	SRN	CHARGE ID	CHARGE HOLDER NAME	DATE OF CREATION	DATE OF MODIFICATION	DATE OF SATISFACTION	AMOUNT	ADDRESS
1	G58172602	100129363	HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED	13/10/2017	-	-	830000000.0	RAMON HOUSE 169BACKBAY RECLAMATIONH T PAREKH MARGMUMBAIMA400020IN
2	G43996743	100097972	ICICI BANK LIMITED	26/04/2017	-	-	7619781.0	ICICI BANK TOWER, NEAR CHAKLI CIRCLE,OLD PADRA ROADVADODARAGU390007IN
3	G27768720	100062975	HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED	28/11/2016	-	-	500000000.0	RAMON HOUSE 169BACKBAY RECLAMATIONH T PAREKH MARGMUMBAIMA400020IN
4	G19897834	100058036	HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED	28/09/2016	-	-	1500000000.0	RAMON HOUSE 169BACKBAY RECLAMATIONH T PAREKH MARGMUMBAIMA400020IN
5	G18384602	100057849	HDFC BANK LIMITED	27/07/2016	-	-	8588707.0	HDFC BANK HOUSE, SENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN
6	B79491551	10436613	HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED	16/07/2013	-	-	1750000000.0	RAMON HOUSE 169BACKBAY RECLAMATIONH T PAREKH MARGMUMBAIMH400020IN
7	C55482467	10242351	ICICI BANK LIMITED	23/09/2010	28/05/2015	-	450000000.0	LANDMARKRACE COURCE CIRCLEALKAPURIBARODAGJ390015IN
8	B68635630	10016407	HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED	12/07/2006	06/11/2006	11/02/2013	400000000.0	RAMON HOUSE 169BACKBAY RECLAMATIONH T PAREKH MARGMUMBAIMH400020IN
9	B68635085	10311177	HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED	11/10/2011	-	11/02/2013	500000000.0	RAMON HOUSE 169BACKBAY RECLAMATIONH T PAREKH MARGMUMBAIMH400020IN
10	B68634344	90042145	HOUSING DEVELOPMENT FINANCE CORP LTD	24/02/1998	30/03/2000	11/02/2013	50000000.0	B 6/3 SAFDARJUNG ENCLAVEDDA COMMERCIAL COMPLEXNEW DELHIDL110029IN

FIXED ASSETS:

Tangible assets

• Land
• Buildings
• Plant and equipment
• Furniture and fixtures
• Vehicles
• Office equipment
• Computer equipments

Intangible assets

• Computer software

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 64.66
UK Pound	1	INR 90.65
Euro	1	INR 79.70

INFORMATION DETAILS

Analysis Done by :	NYT
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.