1. Summary Information

		Country	India
Company Name	LAN MARK SHOPS (INDIA) PRIVATE LIMITED	Principal Name 1	Mr. Jerry Mathew
Status	Moderate	Principal Name 2	Mr. Sandeep Nair
		Registration #	09-017761
Street Address	D - 31/670, Parvathinilayam, Sahodaran Ayyappan Road, Ernakulam - 682019, Kerala, India
Established Date	07.01.2005	SIC Code	----
Telephone#	91-484-2305078	Business Style 1	Dealer
Fax #	----	Business Style 2	----
Homepage	----	Product Name 1	Fast Moving Consumer Goods
# of employees	----	Product Name 2	Electronic Appliances
Paid up capital	Rs. 12603960/-	Product Name 3	TV Dealer - Samsung
Shareholders	Directors / Relatives of Directors – 80% Other Top 50 Share Holders – 20%	Banking	The Federal Bank Limited
Public Limited Corp.	NO	Business Period	6 years
IPO	NO	International Ins.	----
Public Enterprise	NO	Rating	B (33)
Related Company
Relation	Country	Company Name	CEO
Entities in which directors are interested	India	Tranzmedia Netvision Private Limited	----
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2010		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	24,539,000	Current Liabilities	15,888,000
Inventories	31,108,000	Long-term Liabilities	24,647,000
Fixed Assets	1,814,000	Other Liabilities	--
Deferred Assets	496,000	Total Liabilities	40,535,000
Invest& other Assets	441,000	Retained Earnings	5,260,000
		Net Worth	17,863,000
Total Assets	58,398,000	Total Liab. & Equity	58,398,000
Total Assets (Previous Year)	45,719,000
P/L Statement as of	31.03.2010		(Unit: Indian Rs.)
Sales	608,432,000	Net Profit	3,854,000
Sales(Previous yr)	403,538,000	Net Profit(Prev.yr)	2,761,000

MIRA INFORM REPORT

Report Date :

26.08.2011

IDENTIFICATION DETAILS

Name :	LAN MARK SHOPS (INDIA) PRIVATE LIMITED
Registered Office :	D - 31/670, Parvathinilayam, Sahodaran Ayyappan Road, Ernakulam - 682019, Kerala.
Country :	India.
Financials (as on) :	31.03.2010
Date of Incorporation :	07.01.2005
Com. Reg. No.:	09-017761
Capital Investment / Paid-up Capital :	Rs.12.603 Millions
CIN No.: [Company Identification No.]	U52339KL2005PTC017761
Legal Form :	Private Limited Liability Company
Line of Business :	Dealer of Fast Moving Consumer Goods - Electronic Appliances, Home Appliances, DVD Player, TV Dealer - Samsung.

RATING & COMMENTS

MIRA’s Rating :

B (33)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 71000
Status :	Moderate
Payment Behaviour :	Slow but Correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track. Trade relations are reported as fair. Business is active. Payments are reported to be slow but correct. The company can be considered for small to mediocre 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 – April 1, 2010

Country Name	Previous Rating (31.12.2009)	Current Rating (01.04.2010)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

LOCATIONS

Registered Office :	D - 31/670, Parvathinilayam, Sahodaran Ayyappan Road, Ernakulam - 682019, Kerala, India
Tel No. :	91-484-2305078
E-Mail :	lanmarkshop@sify.com

DIRECTORS

As on : 30.09.2010

Name :	Mr. Jerry Mathew
Designation :	Managing Director
Address :	X/89, Kalapura House, Puthenangadi, ThirunakKara, Kottayam - 686001, Kerala, India.
Date of Birth/Age :	09.01.1971
Date of Appointment :	07.01.2005
Mobile No. :	91-9895760850
Din No.:	01351512
Name :	Mr. Sandeep Nair
Designation :	Director
Address :	X/89, Kalapura House, Puthenangadi, ThirunakKara, Kottayam – 686001, Kerala, India.
Date of Birth/Age :	25.10.1969
Date of Appointment :	20.05.2005
Din No.:	02487636
Name :	Mr. Ramachandran V
Designation :	Director
Address :	X/89, Kalapura House, Puthenangadi, ThirunakKara, Kottayam – 686001, Kerala, India.
Date of Birth/Age :	09.11.1962
Date of Appointment :	07.01.2005
Din No.:	02232130
Name :	Mr. Binu Purushothaman
Designation :	Director
Address :	6B, Kavadiyarmandir, Javahar Nagar, Trivandrum – 695041, Kerala, India.
Date of Birth/Age :	21.10.1962
Date of Appointment :	20.05.2005
Din No.:	02487584
Name :	Mr. Zacharian Abraham
Designation :	Director
Address :	Njavallil, Kanji Rappally, Kottayam – 686507, Kerala, India.
Date of Birth/Age :	19.07.2001
Date of Appointment :	20.05.2005
Din No.:	00842401
Name :	Mr. Alex Thomas
Designation :	Director
Address :	E 6, Golden Enclave, Kanji Kuzhy, Kottayam – 686004, Kerala, India.
Date of Birth/Age :	31.10.1961
Date of Appointment :	25.06.2007
Din No.:	00004026

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2010

Names of Shareholders	No. of Shares
Jerry Mathew	671250
Ramachandran V	25000
Jaya Kuncheria	7500
Pradeep Nair	100000
Binu Purushothaman	100000
Zachariah Abraham	100000
Annie Alex	46
Dilip Chandran	6000
Bindu James	5000
Chacko Santosh	2500
George Abraham	2500
Regi Varghese	2500
Aby Kurian	2000
Denny Kurien	236100
Total	1260396

As on 30.09.2010

Equity share breakup (percentage of total equity)
Category	Percentage of Holding
Directors / Relatives of Directors	80.00
Other Top 50 Share Holders	20.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Dealer of Fast Moving Consumer Goods - Electronic Appliances, Home Appliances, DVD Player, TV Dealer - Samsung.
Products :	FMCG Items

GENERAL INFORMATION

Bankers :

• The Federal Bank Limited

Panangad Branch, Ernakulam., Ernakulam – 682506, Kerala, India.

• The South Indian Bank Limited
• State Bank Of Travancore, BR.Edappally, Edappally.P.O, Kochi – 682024, Kerala- INDIA

Facilities :

Secured Loans	31.03.2010 Rs. in Millions	31.03.2009 Rs. in Millions
Term Loan from A Bank (Secured by hypothecation of vehicles )	0.000	0.063
Working capital loans	13.283	15.444
Total	13.283	15.507
Note : 1. First charge of goods, movables and other assets and future, including book debts 2. Personal property of the managing director and his relatives 3. Personal guarantee of all director.
Unsecured Loans	31.03.2010 Rs. in Millions	31.03.2009 Rs. in Millions
Loan from a directors	1.554	0.000
Channel Finance Facility (amount repayable within one year)	9.810	3.280
Total	11.364	3.280

Banking Relations :	---
Auditors :
Name :	BSR And Company Chartered Accountant
Address :	Maruthi Info-Tech Centre, 11-12/1, Inner Ring Road, Koramangala, Bangalore – 560071, Karnataka, India
Entities in which directors are interested :	· Ad India Advertisers · Celebrus Capital Limited · Celebrus Commodities Limited · Swamy Agencies · Home Gallery · Tranzmedia Netvision Private Limited

CAPITAL STRUCTURE

As on 30.09.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
2500000	Equity Shares	Rs. 10/- each	Rs. 25.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1260396	Equity Shares	Rs. 10/- each	Rs.12.603 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2010	31.03.2009	31.03.2008
SHAREHOLDERS FUNDS
1] Share Capital		12.603	12.443	9.400
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		5.260	2.881	0.000
4] (Accumulated Losses)		0.000	0.000	(0.084)
NETWORTH		17.863	15.324	9.316
LOAN FUNDS
1] Secured Loans		13.283	15.507	9.481
2] Unsecured Loans		11.364	3.280	0.700
TOTAL BORROWING		24.647	18.787	10.181
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		42.510	34.111	19.497
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1.814	1.356	1.205
Capital work-in-progress		0.391	0.306	0.000
INVESTMENT		0.050	0.050	0.050
DEFERREX TAX ASSETS		0.496	0.157	0.195
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	31.108	16.649	8.031
	Sundry Debtors	12.367	14.767	4.863
	Cash & Bank Balances	1.634	4.423	1.603
	Other Current Assets	0.000	0.000	1.394
	Loans & Advances	10.538	7.941	7.171
Total Current Assets		55.647	43.780	23.062
Less : CURRENT LIABILITIES & PROVISIONS
	Current Liabilities	2.811	2.703	0.089
	Sundry Creditors	11.218	7.372	4.746
	Provisions	1.859	1.533	0.318
Total Current Liabilities		15.888	11.608	5.153
Net Current Assets		39.759	32.172	17.909
MISCELLANEOUS EXPENSES		0.000	0.070	0.138
TOTAL		42.510	34.111	19.497

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2010	31.03.2009	31.03.2008
	TURNOVER	608.432	403.538	212.570
	TOTAL EXPENSES	650.409	227.677	211.911
	PROFIT / (LOSS) BEFORE TAX	5.873	4.080	0.659
Less	TAX	2.019	1.319	0.267
	PROFIT / (LOSS) AFTER TAX	3.854	2.761	0.392
	Earnings Per Share (Rs.)	3.09	2.87	(5.55)

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
PAT / Total Income	(%)	0.63	0.68	0.18
Return on Total Assets (PBT/Total Assets}	(%)	10.22	9.03	3.68
Return on Investment (ROI) (PBT/Networth)		0.32	0.26	0.07
Debt Equity Ratio (Total Liability/Networth)		2.26	1.94	0.55
Current Ratio (Current Asset/Current Liability)		3.50	3.77	4.48

LOCAL AGENCY FURTHER INFORMATION

PERFORMANCE

The company's business performance during the year under review resulted in a net profit of Rs.3.853 millions as against Rs.2.761 millions for the previous year. Directors propose a dividend of 10% on the paid up capital of the Company which amounts to Rs.1.260 millions. There was no material change or commitments affecting the financial position of the company or state of affairs since the date of Balance Sheet upto this date of report.

COMPANY OVERVIEW

Subject ("the Company") was incorporated on 7 January 2005 as a private limited company under the Companies Act, 1956. The Company is engaged in the business of trading and marketing of consumer electronics goods through franchisee networks.

FORM : 8

Corporate identity number of the company	U52339KL2005PTC017761
Name of the company	LAN MARK SHOPS INDIA PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	D 31/670 Parvathinilayam, Sahodaran Ayyappan Road, Ernakulam – 682019, Kerala INDIA
This form is for	Modification of charge
Type of charge	Movable property (not being pledge)
Particular of charge holder	State Bank Of Travancore, BR.Edappally, Edappally.P.O, Kochi – 682024, Kerala- INDIA
Nature of instrument creating charge	Supplemental agreement of loan for increase in the overall working capital limit dt.30.07.2010
Date of instrument Creating the charge	30/07/2010
Amount secured by the charge	Rs. 22.500 millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of interest As per the terms of the agreement Terms of repayment As per the terms of the agreement Margin As per the terms of the agreement Extent and operation of the charge First charge by way of hypothecation of stock of home appliances. Other Nil
Short particulars of the property charged (Including location of the property)	First charge by way of hypothecation of stock of home appliances
Particulars of the present modification	Overall working capital limit has been enhanced from Rs.15.000 millions to Rs.22.500 millions

FIXED ASSETS :

· Plant and Machinery

· Computer Equipments

· Furniture and Fixtures

· Vehicles

· 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	Indian Rupees
US Dollar	1	Rs. 46.12
UK Pound	1	Rs. 75.51
Euro	1	Rs. 66.52

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	4
--LEVERAGE	1~10	4
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--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
TOTAL		33

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	-

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.