February 10, 1999

NAME

FORTUNE INTERNATIONAL

REGISTERED OFFICE

204 General Industrial Estate, 167 C. S. T. Road, Mumbai – 400 098, INDIA

Tel. No. 91-22-612 97 90 / 614 86 49

Fax No. 91-22-610 71 86

FACTORY

204 General Industrial Estate, 167 C. S. T. Road, Mumbai – 400 098, INDIA

BRANCH / SHOWROOM

General Stationery Mart, 36/38 Dhanji Street, Mumbai – 400 003, INDIA

HISTORY

Subject was established in the year 1997 at Mumbai in Maharashtra as a Sole Proprietory concern.

LEGAL FORM

It is a Sole Proprietorship Concern.

SOLE PROPRIETOR

Mr. Rajesh Shah

[Experience – 20 years; Age – 42 years; Commerce Graduate]

BUSINESS

The concern is engaged in manufacturing and imports of Stationery Items.

The principal products of the concern are Stationery Items such as Paper Products, Files, Register, Paper Tray, etc.

The agencies held by the concern are :

K Robert Krause Ring Buchtechnik GmbH, Germany

K Salamander, Germany

K BN International B. V., The Netherlands

The concern imports Raw Materials such as Paper Ring Mechanism, PVC Resins, Book Cover Materials, etc. from Europe & Hongkong against L/C, D/P (90 days) and Sight terms.

The concern exports Stationery Items to Middle East countries.

The concern's customers includes Wholesalers, Retailers & Actual Users.

The concern is in trade terms with :

K Tata Donneily Limited, Mumbai

K Thomson Press, Mumbai

K India Today, Mumbai

The concern operates from a caption owned office-cum-factory premises of 20,000 sq.ft. The concern is a Registered Small Scale Industry.

The concern employs 18 persons in factory and 65 persons in office.

SISTER CONCERNS

K General Stationery Manufacturing Company

- Same Address

- Same Activity

K Himmat Sales Corporation

- Same Address

- Manufacturer & Exporter

MEMBERSHIPS

K Chemicals & Allied Products Export Promotion Council

K Paper Traders Association

BANKERS

K Bank of Baroda, Vile Parle (East) Branch, Mumbai – 400 057, INDIA

[The concern does not enjoy any facility from its' banker]

FINANCIAL INFORMATION

[figures are in Rupees Millions]

PARTICULARS	31.03.1998	31.03.1997
Capital Investment	1.500	NA
Annual Turnover	10.000	8.000
Group Capital	7.000	NA
Group Turnover	35.000	NA

Projected Turnover for Current Year (1998-99) : Rs.14.000 millions

COMMENTS

Subject is a well-established and reputed concern. Proprietor of the concern is reported as experienced, respectable and resourceful businessman. His trade relations are reported as fair. Payments are always correct and as per commitments.

The concern can be considered good for any normal business dealings.