MIRA INFORM REPORT

Report No. :	509821
Report Date :	17.05.2018

IDENTIFICATION DETAILS

Name :	ADITYA BIRLA MANAGEMENT CORPORATION PRIVATE LIMITED (w.e.f. 25.03.2008)
Formerly Known As :	ADITYA BIRLA MANAGEMENT CORPORATION LIMITED BIRLA MANAGEMENT CORPORATION LIMITED
Registered Office :	C-1, Aditya Birla Centre, S.K. Ahire Marg, Worli, Mumbai – 400020, Maharashtra
Tel. No.:	91-22-66525000
Country :	India
Financials (as on) :	31.03.2017
Date of Incorporation :	16.02.1999
Com. Reg. No.:	11-118379
Capital Investment / Paid-up Capital :	INR 0.000 Million
CIN No.: [Company Identification No.]	U73100MH1999PTC118379
IEC No.: [Import-Export Code No.]	Not Divulged
GSTN : [Goods & Service Tax Registration No.]	Not Divulged
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAACB9318D
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is in the business to provide a common pool of facilities and resources to its members, with a view to optimize the benefits of speciation and minimize the cost for each members. [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 :

B

Credit Rating	Explanation	Rating Comments
B	Medium Risk	Business dealings permissible on a regular monitoring basis

Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is a part of Aditya Birla Group Company. It is an established company incorporated in the year 1999 and it provides common corporate facilities to its member companies. The company has earned other income of INR 7336.000 million during the FY 2017. The company also derives strength from its strong group and experience management team to facilitate its business operation. Business is active. Payments are unknown. The company can be considered for business dealings with some caution.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

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 31-03-2018.

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 17.05.2018

INFORMATION DENIED

MANAGEMENT NON-COOPERATIVE (91-22-66525000)

LOCATIONS

Registered Office :	C-1, Aditya Birla Centre, S.K. Ahire Marg, Worli, Mumbai – 400020, Maharashtra, India
Tel. No.:	91-22-66525000/ 24995000
Fax No.:	91-22-66525740/ 24995740
E-Mail :	bmc.accounts@adityabirla.com
Website :	www.adityabirla.com
Representative Offices :	Located at: Shanghai China

DIRECTORS

AS ON 31.03.2018

Name :	Mr. Kumar Mangalam Birla
Designation :	Director
Address :	Mangal Adityayan, 20 Carmichel Road, Behind Jaslok Hosital, Mumbai -400026, Maharashtra, India
Date of Birth/Age :	14.06.1967
Date of Appointment :	15.06.1999
DIN No.:	00012813
Name :	Mr. Santrupt Misra
Designation :	Director
Address :	3101, 31 Zahra Tower Dr. Moses Road, Worli Mumbai -400018, Maharashtra, India
Date of Birth/Age :	15.08.1965
Date of Appointment :	15.06.1999
DIN No.:	00013625
Name :	Mr. Krishnakishore Maheshwari
Designation :	Director
Address :	Chitrakoot Housing Society, Flat No. 22 Altamount Road Mumbai - 400026, Maharashtra, India
Date of Birth/Age :	01.03.1955
Date of Appointment :	29.08.2006
DIN No.:	00017572
Name :	Mr. Rajiv Dube
Designation :	Director
Address :	5, Betsy Apartments Perry Road, Bandra West, Mumbai -400050, Maharashtra, India
Date of Birth/Age :	04.02.1962
Date of Appointment :	01.07.2010
DIN No.:	00021796
Name :	Mr. Ajay Srinivasan
Designation :	Director
Address :	2601 / 2603 Vivarea Building Jacob Circle, Mahalaxmi, Mumbai - 400011, Maharashtra, India
Date of Birth/Age :	02.11.1963
Date of Appointment :	30.08.2007
DIN No.:	00121181
Name :	Mr. Dilip Roopsingh Gaur
Designation :	Director
Address :	2202-A,2202-B, 22nd Floor, Springs I, Island City Cen Tre, G.D.Ambedkar Marg, Near Wadalatelepho Neexchange Mumbai - 400014, Maharashtra, India
Date of Appointment :	01.04.2016
DIN No.:	02071393
Name :	Mr. Himanshu Kapania
Designation :	Director
Address :	B-1/423, Janak Puri, New Delhi -110058, India
Date of Birth/Age :	23.04.1961
Date of Appointment :	30.12.2013
DIN No.:	03387441
Name :	Mr. Satish Pai
Designation :	Director
Address :	The Imperial South Tower, Apartment #4202, B.B. Nakashe Marg, Tardeo, Mumbai - 400034, Maharashtra, India
Date of Birth/Age :	01.01.1952
Date of Appointment :	01.08.2016
DIN No.:	06646758
Name :	Mr. Ashok Kumar Gupta
Designation :	Additional Director
Address :	201, 2nd Floor, Aqua Planet Plot No.30, Godrej Towe K. Khadye Marg, Simplex Mill Compound, Mahalaxmi, Mumbai -400011, Maharashtra, India
Date of Appointment :	01/02/2018
DIN No.:	00285575

MAJOR SHAREHOLDERS

AS ON 31.03.2017

NIL

BUSINESS DETAILS

Line of Business :

Subject is in the business to provide a common pool of facilities and resources to its members, with a view to optimize the benefits of speciation and minimize the cost for each members. [Registered Activity]

Products / Services :

Name and Description of main products / services	NIC Code of the Product/service
Business support services	829

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 :	--
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 :	--

Auditors :
Name :	Suresh Surana and Associates LLP Chartered Accountants
Address :	301-307, A Wing , Technopolis Knowledge Park, Mahakali Caves Road, Andheri (East), Mumbai-400093, Maharashtra, India
Tel. No.:	91-22-61214444
E-Mail :	s@ssassociates.com
Website:	www.ss-associates.com
PAN N Income-tax PAN of auditor or auditor's firm :	ACLFS1562L
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	--

CAPITAL STRUCTURE

AS ON 31.03.2017

Authorised Capital : INR 0.000 Million

Issued, Subscribed & Paid-up Capital : INR 0.000 Million

FINANCIAL DATA

[all figures are INR Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2017	31.03.2016	31.03.2015
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.000	0.000	0.000
(b) Reserves & Surplus	0.000	0.000	0.000
(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)	0.000	0.000	0.000
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.000
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	1049.281	1049.965	1416.797
(d) long-term provisions	280.558	179.626	278.178
Total Non-current Liabilities (3)	1329.839	1229.591	1694.975
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	414.660	201.916	347.699
(c) Other current liabilities	772.095	483.641	171.147
(d) Short-term provisions	156.312	140.231	65.308
Total Current Liabilities (4)	1343.067	825.788	584.154
TOTAL	2672.906	2055.379	2279.129
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	476.884	428.888	482.842
(ii) Intangible Assets	132.477	127.038	90.638
(iii) Capital work-in-progress	4.020	13.881	20.620
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.000	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	418.539	290.117	516.369
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	1031.920	859.924	1110.469
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	0.000	0.000	0.000
(c) Trade receivables	0.000	0.000	0.000
(d) Cash and cash equivalents	49.164	64.928	22.978
(e) Short-term loans and advances	1591.822	1130.527	1145.682
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	1640.986	1195.455	1168.660
TOTAL	2672.906	2055.379	2279.129

PROFIT & LOSS ACCOUNT

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Revenue	0.000	0.000	0.000
Total	0.000	0.000	0.000
Expenditure incurred by / for members
Employee benefits expense	3360.510	2887.409	2946.766
Depreciation and amortization expense	148.200	130.776	165.446
Other expenses	3827.801	2604.685	2806.398
Total	7336.511	5622.870	5918.610
Less :
Recovery from members	7331.485	5618.178	5914.477
Other income	5.026	4.692	4.133
Total	7336.511	5622.870	5918.610
Surplus (deficit) for the year	0.000	0.000	0.000

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2017	31.03.2016	31.03.2015
Current Maturities of Long term debt	NA	NA	NA
Cash generated from operations	256.577	169.396	(207.017)
Net cash flows from (used in) operations	176.602	166.510	(206.064)

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
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

LEVERAGE RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	0.50	0.40	0.26
Debt Equity Ratio (Total Liability / Networth)	0.00	0.00	0.00
Current Liabilities to Networth (Current Liabilities / Net Worth)	0.00	0.00	0.00
Fixed Assets to Networth (Net Fixed Assets / Networth)	0.00	0.00	0.00

PROFITABILITY RATIOS

PARTICULARS		31.03.2017	31.03.2016	31.03.2015
Net Profit Margin ((PAT / Sales) * 100)	%	0.00	0.00	0.00
Return on Total Assets ((PAT / Total Assets) * 100)	%	0.00	0.00	0.00
Return on Investment (ROI) ((PAT / Networth) * 100)	%	0.00	0.00	0.00

SOLVENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Current Ratio (Current Assets / Current Liabilities)	1.22	1.45	2.00
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	1.22	1.45	2.00
G-Score Ratio Financial (Networth / Total Assets)	0.00	0.00	0.00
G-Score Ratio Debt (Debts / Equity Capital)	0.00	0.00	0.00
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	1.22	1.45	2.00

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

FINANCIAL ANALYSIS

[all figures are INR Million]

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
Total Income	5918.610	5622.870	7336.511
		(4.997)	30.476

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	No
18	Major suppliers	No
19	Major customers	No
20	Banking Details	No
21	Banking facility details	No
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	No
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

INDEX OF CHARGE: No Charges Exists for Company

CORPORATE INFORMATION

Subject is a Company limited by guarantee incorporated in India under the Companies Act, 1956. The main object of the Company is to provide a common pool of facilities and resources to its members, with a view to optimize the benefits of specialization and minimize the cost for each member. The Company has established a "Representative office" in Shanghai, China and the expenditures incurred at the said office has been incorporated in the books of the Company.

OPEIUTIONAL REVIEW OF THE COMPANY:

Aditya Birla Management Corporation Private Limited is a Company Limited by Guarantee, duly incorporated under the provisions of companies Act, 1956 and the Company does not have any share capital.

The Company has been formed on the principles of ll1utuality in order to provide common corporate facilities to its members. The Company provides a common pool facilities and resources to its members with a view to optimize the benefit of specialization and minimize the cost for each members. The members companies have participated in the common pool of facilities and shared the expenses incurred by the Company. As the Company has been formed on the principles of mutuality and only actual cost incurred is being recovered.

During the year Company continued to provide comnl0n corporate facilities to member companies. The Company has appropriate internal control system covering financial reporting and compliances. Regular internal audits and management reviews ensure that the responsibilities are discharged effectively.

CONTINGENT LIABILITIES [AS ON 31.03.2017]

During the financial year 2014-2015, the Company had received notice from the Income Tax Department under Section 153A of the Income Tax Act, 1961 to file the Income tax returns for the assessment years 2008-2009 to 2013-2014, which had been duly furnished. During the financial year 2015-2016, the Company had received the Assessment Orders under Section 143(3) of the Income Tax Act, 1961 for the assessment years 2008-09 to 2014-15. The Assessing Officer had added undisclosed income aggregating to INR 1177.500 Million for the Assessment Years 2010-11 to 2014-15: and initiated penalty proceedings. In respect of tax demand of INR 516.300 Million, the Company has preferred Appeals before the Appellate Authorities which are pending for disposal. Moreover, the Company has filed an application for stay of demand till the disposal of the appeal which was accepted by the Income Tax Department under the condition to pay 15% of the total demand. Accordingly, the Company has deposited INR 77.400 Million Le. 15% of the total demand. In addition to this, the Income Tax Department initiated the penalty proceedings with respect to Assessment Years 2010-11 to 2014-15 against which the Company has submitted it's request to keep the penalty proceedings in abeyances till the disposal of appeals. The Company does not expect any liability on this account.

FIXED ASSETS:

Tangible Assets

• Buildings
• Leasehold Improvements
• Furniture and fixtures
• Vehicles
• Office equipment
• Computer

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 67.53
UK Pound	1	INR 91.49
Euro	1	INR 80.53

INFORMATION DETAILS

Information Gathered by :	SVA
Analysis Done by :	DIV
Report Prepared by :	KVT

SCORE FACTORS

DEMERIT POINTS
--BANK CHARGES	YES/NO	NO
--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	NO
--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.