MIRA INFORM REPORT

Report Date :

01.12.2011

IDENTIFICATION DETAILS

Name :	BHARAT BUSINESS CHANNEL LIMITED
Registered Office :	171-C, 17^th Floor, Mittal Court, C Wing, Nariman Point, Mumbai – 400 021, Maharashtra
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	22.11.2002
Com. Reg. No.:	11-137947
Capital Investment / Paid-up Capital :	Rs.1820.000 millions
CIN No.: [Company Identification No.]	U92100MH2002PLC137947
TAN No.: [Tax Deduction & Collection Account No.]	MUMB18717G
PAN No.: [Permanent Account No.]	AACCB1409R
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturing of Set-Top Box and Providing Services for DTH Products.
No. of Employees :	30 (Approximately) (In Bangalore Office)

RATING & COMMENTS

MIRA’s Rating :

B (26)

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

Maximum Credit Limit :	USD 16000000
Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is an established company having moderate track. There appears huge accumulated losses recorded by the company. However trade relations are reported as fair. Business is active. Payments are reported to be slow. 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.

INFORMATION PARTED BY (GENERAL DETAILS)

Name :	Mr. Prakash
Designation :	Assistant Accountant
Contact No.:	91-9611044445
Date :	30.11.2011

LOCATIONS

Registered Office :	171-C, 17^th Floor, Mittal Court, C Wing, Nariman Point, Mumbai – 400 021, Maharashtra, India
Tel. No.:	91-22-61534567
Mobile No.:	91-9611044445 (Mr. Prakash)
Fax No.:	Not Available
E-Mail :	secretarial@videoconmail.com secretarial1@gmail.com
Location :	Owned
Factory :	Located at · Aurangabad
Branch Office :	No. 32/, Behind Post Office, 1^st Main Road, Domlur, Bangalore – 560 071, Karnataka, India
Tel. No.:	91-80-42884388 / 43322001 / 43322000

DIRECTORS

AS ON 30.09.2010

Name :	Mr. Suresh Madhava Hegde
Designation :	Director
Address :	51, Plot No. C -1, C-2, Dream Queen S.V.P. Road, Santacruz (West), Mumbai – 400054, Maharashtra, India
Date of Birth/Age :	19.03.1958
Date of Appointment :	27.11.2002
DIN :	01321882

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U55200MH1982PTC026281	Rupam Hotels Private Limited	Director	08-08-82	08-08-82	-	Active In Progress	NO
2	U27100MH1974PTC017927	Arihant Metals and Alloy Private Limited	Director	30-09-93	30-09-93	-	Active	NO
3	U17110MH1993PTC166223	Long Island Textiles Private Limited	Director	15-12-93	15-12-93	-	Amalgamated	NO
4	U25200MH1993PTC166318	Mahisagar Plastics Private Limited	Director	15-12-93	15-12-93	-	Amalgamated	NO
5	U34110MH1993PTC166326	Sahyadri Auto Engineering Private Limited	Director	15-12-93	15-12-93	-	Amalgamated	NO
6	U31909MH1993PTC166226	Seabird Elecctricals Private Limited	Director	15-12-93	15-12-93	-	Amalgamated	NO
7	U01110MH1993PTC166695	Seabird Foods Private Limited	Director	15-12-93	15-12-93	-	Amalgamated	NO
8	U74999MH1993PTC166324	Tudar Laminates Private Limited	Director	15-12-93	15-12-93	-	Amalgamated	NO
9	U29199MH1993PTC166220	Holly Hock Engineering Private Limited	Director	15-12-93	15-12-93	-	Amalgamated	NO
10	U24110MH1993PTC166221	Kindcup Chemicals Private Limited	Director	15-12-93	15-12-93	-	Amalgamated	NO
11	U15540MH1993PTC166399	Pelican Drinks Private Limited	Director	15-12-93	15-12-93	-	Amalgamated	NO
12	U15400MH1993PTC166316	Surat Millks Private Limited	Director	15-12-93	15-12-93	-	Amalgamated	NO
13	U31909GJ1993PTC020834	Shatrunjay Electronics Private Limited	Director	15-12-93	15-12-93	-	Active	NO
14	U24231GJ1993PLC020826	Pelican Packers Limited	Director	15-12-93	15-12-93	-	Active	NO
15	U29120GJ1993PLC020829	Tapti Machines Limited	Director	15-12-93	15-12-93	-	Active	NO
16	U72102MH1994PTC167717	Airking Properties and Investments Private Limited	Director	08-03-94	08-03-94	-	Amalgamated	NO
17	U33201MH1981PTC187884	Carl Jay Optic Private Limited	Director	28-04-94	28-04-94	-	Strike off	NO
18	U70102MH1994PTC167819	Dazzing Properties and Investments Private Limited	Director	26-08-94	26-08-94	-	Active	NO
19	U70102MH1994PTC169940	Ausherra Properties And Investments Private Limited	Director	26-08-94	26-08-94	-	Amalgamated	NO
20	U70102MH1994PTC167826	Fizgic Properties and Investments Private Limited	Director	26-08-94	26-08-94	-	Active	NO
21	U70102MH1994PTC187885	Malone Properties and Investmenst Private Limited	Director	26-08-94	26-08-94	-	Active	NO
22	U00082MH1994PTC187986	Zarus Properties and Investments Private Limited	Director	26-08-94	26-08-94	-	Active	NO
23	U70102MH1994PTC187887	Montego Properties And Investments Private Limited	Director	26-08-94	26-08-94	-	Active	NO
24	U70109MH1994PTC187857	Topaki Media Private Limited	Director	26-08-94	26-08-94	-	Active	NO
25	U70109MH1994PTC167815	Redmond Properties And Investments Private Limited	Director	26-08-94	26-08-94	-	Active	NO
26	U70109MH1994PTC167822	Troon Properties and Investments Private Limited	Director	26-08-94	26-08-94	-	Amalgamated	NO
27	U01111GA1994PTC001725	Sycamore Growmore Private Limited	Director	24-11-94	24-11-94	-	Active	NO
28	U70200MH1995PTC168096	Worli Infrastructures and Developers Private Limited	Director	12-01-95	12-01-95	-	Amalgamated	NO
29	U70200MH1995PTC169935	Joshua Properties Andfinvest Private Limited	Director	12-01-95	12-01-95	-	Active	NO
30	U70200MH1995PTC167831	Tecorno Properties and Finvest Private Limited	Director	12-01-95	12-01-95	-	Active	NO
31	U70200MH1995PTC167720	Kartouche Properties and Finvest Private Limited	Director	16-01-95	16-01-95	-	Dormant	NO
32	U70109MH1995PTC187870	Lorus Properties and Finvest Private Limited	Director	16-01-95	16-01-95	-	Active	NO
33	U70200KA1995PTC016979	Mickleover Properties and Finvest Private Limited	Director	16-01-95	16-01-95	-	Dormant	NO
34	U67120DL1985PLC020756	Essal Finance Limited	Director	31-01-95	31-01-95	01-10-08	Active	NO
35	U65993KA1995PTC017310	Trinity Infratech Private Limited	Director	01-03-95	01-03-95	-	Active	NO
36	U99999MH1947PLC005708	Evans Fraser and Company (India) Limited	Director	06-09-95	06-09-95	-	Active	NO
37	U30000MH1995PTC095226	Bio Medicon Systems (India) Private Limited	Director	12-12-95	12-12-95	-	Active	NO
38	U29190MH1996PTC098119	Springsteen Engineering (India) Private Limited	Director	14-03-96	14-03-96	-	Amalgamated	NO
39	U74210MH1996PTC098116	Airshot Engineering (India) Private Limited	Director	14-03-96	14-03-96	-	Amalgamated	NO
40	U29190MH1996PTC098120	Voyage Engineering (India) Private Limited	Director	14-03-96	14-03-96	-	Amalgamated	NO
41	U17120MH1957PTC010987	The Invex Private Limited	Director	26-10-96	26-10-96	-	Active	NO
42	U70101MH1960PTC011793	Vissanji Estates Private Limited	Director	18-11-96	18-11-96	-	Active	NO
43	U67120MH1981PTC023663	Nippon Investment and Finance Company Private Limited	Director	20-09-98	20-09-98	-	Active	NO
44	U72200GJ2000PTC037198	E Infotech India Private Limited	Director	25-12-00	25-12-00	01-06-11	Active	NO
45	L74899DL1994PLC057009	South Pole Securities Limited	Director	31-03-01	31-03-01	01-10-08	Active	NO
46	U29308PN1999PLC014301	Millennium Appliances India Limited	Director	10-12-01	10-12-01	-	Active	NO
47	U45202MH2002PTC135915	Videocon Atithi Shelters Private Limited	Director	17-05-02	17-05-02	-	Active	NO
48	U92100MH2002PLC137947	Bharat Business Channel Limited	Director	27-11-02	27-11-02	-	Active	NO
49	U29191MH1994PLC131185	Indian Refrigerator Company Limited	Director	27-11-02	27-11-02	-	Active	NO
50	U32100MH2003PLC142232	Videocon International Electronics Limited	Director	16-09-03	16-09-03	24-12-07	Active	NO
51	U45102MH1994PLC133954	Videocon Realty and Infrastructures Limited CN	Director	18-10-03	18-10-03	-	Active	NO
52	U17114GA1994PTC001691	Conifer Textiles Private Limited	Director	01-11-03	01-11-03	-	Active	NO
53	U72900MH2000PLC127116	India Learning Company Limited	Director	14-11-03	14-11-03	-	Active	NO
54	U17110MH1971PTC015082	Modella Textile Industries Private Limited	Director	19-04-04	19-04-04	-	Dormant	NO
55	U33110MH2004PTC146175	Medicon Surgical Instruments (India) Private Limited	Director	10-05-04	10-05-04	-	Active	NO
56	U33110MH2004PTC146176	Biomedicon Systems (Mumbai) Private Limited	Director	10-05-04	10-05-04	-	Active	NO
57	U92490MH2004PTC146520	Gaming Solutions (India) Private Limited	Director	25-05-04	25-05-04	-	Strike off	NO
58	U24230MH2004PLC147115	Trinity Academy For Corporate Training Limited	Director	23-06-04	23-06-04	-	Active	NO
59	U70101MH1994PTC079017	Wonderland Estate Developers Private Limited	Director	20-07-04	20-07-04	-	Amalgamated	NO
60	U65944MH2004PTC062319	Chanakya Technologies (India) Private Limited	Director	30-09-04	30-09-04	-	Active	NO
61	U51900MH2004PTC075020	Kanha Ventures Private Limited	Director	30-09-04	30-09-04	01-06-11	Active	NO
62	U11204MH2004PLC147217	Sky Appliances Limited	Director	22-12-05	17-01-05	-	Active	NO
63	U74994MH2005PTC152789	Chanakya Interiors Private Limited	Director	21-04-05	21-04-05	-	Dormant	NO
64	U74999GJ1991PTC015561	Kunte And Modha Consultants Private Limited(Megacorp)	Director	02-02-06	02-02-06	-	Active	NO
65	U65922GJ1984PTC007358	Sachetna Finance Private Limited	Director	02-02-06	02-02-06	30-07-11	Active	NO
66	U70100MH2005PTC156645	Magrolia Leasing And Infotech Private Limited	Director	06-02-06	06-02-06	-	Active	NO
67	U29302PN1996PLC104800	Applicomp (India) Limited	Director	31-01-07	08-03-06	-	Active	NO
68	U51109MH2006PLC160843	ARL Logistics Limited	Director	29-03-06	29-03-06	-	Active	NO
69	U71200MH2004PTC148194	Archangel Leasing and Infotech Private Limited	Director	20-04-06	20-04-06	-	Active	NO
70	U72900MH2005PTC150970	Westex Infotech Private Limited	Director	07-06-06	07-06-06	-	Active	NO
71	U70100MH1995PTC089894	Grace Realty Private Limited	Director	16-08-06	16-08-06	-	Active	NO
72	U45201MH2006PTC166384	Videocon Sez Infrastructures (Pune) Private Limited	Director	21-12-06	21-12-06	21-06-08	Active	NO
73	U45201MH2006PTC166383	Veronica Properties Private Limited	Director	21-12-06	21-12-06	21-06-08	Active	NO
74	U45201MH2007PTC166699	Titan Realty Private Limited	Director	04-01-07	04-01-07	10-06-08	Active	NO
75	U63090MH2007PTC167616	Modus Logistics Private Limited	Director	06-02-07	06-02-07	08-10-07	Active	NO
76	U11204MH2007PLC171196	Techno Electronics Limited	Director	05-06-07	05-06-07	-	Active	NO
77	U70102MH2007PLC167606	Planet 'M' Retail Limited	Director	04-08-08	02-11-07	-	Active	NO
78	U93090MH2007PTC175858	Capitareal Ventures Private Limited	Director	31-12-08	26-11-07	18-07-11	Active	YES
79	U67120MH2007PTC175857	Capitareal Securities Private Limited	Director	31-12-08	26-11-07	18-07-11	Active	YES
80	U51395MH2003PLC143371	Next Retail India Limited	Director	26-09-08	01-01-08	-	Active	NO
81	L36999GJ1991PLC016625	Kemrock Industries and Exports Limited	Director	06-09-08	17-01-08	15-01-10	Active	NO
82	U80302MH2008PTC181270	Global School of Financial Planning Private Limited	Director	17-04-08	17-04-08	-	Active	NO
83	U55101MH2008PTC186399	Trinity Corporate Hospitality and Manpower Services Private Limited	Director	02-09-08	02-09-08	-	Active	NO
84	U99999MH1982PTC028960	Dhanapur Investments Private Limited	Director	23-09-09	10-12-08	-	Active	NO
85	U01403MH2009PTC190200	Hebri Plantations Private Limited	Director	09-02-09	09-02-09	-	Active	NO
86	U29268MH2009PTC192911	Powertech Tools Private Limited	Director	02-06-09	02-06-09	-	Active	NO
87	U74210MH1987PTC043731	Century Appliances Private Limited	Additional director	01-12-09	01-12-09	20-04-10	Active	NO
88	U40102MH2007PTC171813	Pipavav Energy Private Limited	Director	11-06-10	21-12-09	-	Active	NO
89	U80301MH2010PTC204244	Eduriser Learning Solutions Private Limited	Director	15-06-10	15-06-10	-	Active	NO
90	U67100MH2010PTC204625	Yes Capital Venture Private Limited	Director	22-06-10	22-06-10	-	Active	NO
91	U74999MH2007PTC168002	Sadguru Multitrade Private Limited	Director	07-08-10	07-08-10	-	Active	NO
92	U40300MH2010PTC201493	Chhattisgarh Power Ventures Private Limited	Additional director	01-09-10	01-09-10	-	Active	NO
93	U70102MH2010PLC208000	Videocon Developers Limited	Director	21-09-10	21-09-10	-	Active	NO
94	U67190MH2011PTC212028	Global Media Ventures India Private Limited	Director	09-01-11	09-01-11	-	Active	NO
95	U80904MH2011PTC212507	Trinity Global Education Private Limited	Director	19-01-11	19-01-11	-	Active	NO
96	U45400MH2011PTC213010	Central Park (Kharghar) Lifestyles Private Limited	Director	04-02-11	04-02-11	-	Active	NO
97	U80903MH1992PTC068828	Ideal Edusystem Private Limited	Additional director	27-02-11	27-02-11	-	Active	NO
98	U80301MH2011PTC219608	Aaron Education Private Limited	Director	08-07-11	08-07-11	-	Active	NO
99	U80904MH2011NPL222602	Aaron Education Foundation	Director	30-09-11	30-09-11	-	Active	NO

Name :	Mr. Vivek Dattatray Dharm
Designation :	Director
Address :	D – 31, Shree Ramkrishna Colony, Behind Markendaya Society, Savedi, Ahmednagar – 414001, Maharashtra, India.
Date of Birth/Age :	22.11.1964
Date of Appointment :	01.10.2005
DIN :	00214361

Other Directorship

S.No.	CIN	Name Of The Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U32101MH1988PLC046426	Videocon Services Limited	Director	30-04-02	30-04-02	-	Active	NO
2	U32109MH1979PTC021997	Platinum Appliances Private Limited	Director	30-04-02	30-04-02	-	Active	NO
3	U45102MH1994PLC133954	Videocon Realty And Infrastructures Limited Cn	Director	15-02-03	15-02-03	20-04-10	Active	NO
4	U92190MH2003PLC140246	Dhoot Entertainment And Gaming Solutions Limited	Director	01-05-03	01-05-03	-	Active	NO
5	U32100MH2003PLC142232	Videocon International Electronics Limited	Director	16-09-03	16-09-03	24-12-07	Active	NO
6	U85110MH1995PLC187888	Videocon Securities Limited	Director	15-06-04	15-06-04	-	Strike off	NO
7	U99999MH1994PTC133601	Popup Properties And Investments Private Limited	Director	31-10-04	31-10-04	-	Amalgamated	NO
8	U00082MH1994PTC167837	Centainne Properties and Investments Private Limited	Director	31-01-05	31-01-05	-	Amalgamated	NO
9	U32204MH1979PTC021988	Synergy Appliances Private Limited	Director	31-01-05	31-01-05	-	Active	NO
10	U65992PN1982PTC028301	Dome-Bell Electronics India Private Limited	Director	31-01-05	31-01-05	-	Active	NO
11	U74899DL1991PTC045218	Cluster Trade and Investment Private Limited	Director	31-01-05	31-01-05	06-06-11	Active	NO
12	U74210MH1987PTC043731	Century Appliances Private Limited	Director	21-09-05	01-02-05	-	Active	NO
13	U29308PN1999PLC014301	Millennium Appliances India Limited	Director	31-05-05	31-05-05	-	Active	NO
14	U92100MH2002PLC137947	Bharat Business Channel Limited	Director	26-09-06	01-10-05	-	Active	NO
15	L99999MH1989PLC052233	Trend Electronics Limited	Director	08-12-05	08-12-05	-	Active	NO
16	U67120MH1995PLC133952	Videocon VCR Securities Limited	Director	31-03-06	31-03-06	08-01-10	Strike off	NO
17	U29305DL1999PLC100556	Akai Consumer Electronics India Limited	Additional director	12-05-07	12-05-07	-	Active	NO
18	U45201MH2006PTC166384	Videocon Sez Infrastructures (Pune) Private Limited	Director	16-06-08	12-05-07	-	Active	NO
19	U45201MH2006PTC166382	Videocon Sez Infrastructures Private Limited	Director	28-04-08	12-05-07	-	Active	NO
20	U45200MH2007PTC166977	Videocon Realty Private Limited	Director	19-05-08	12-05-07	-	Active	NO
21	U70102MH2007PLC167606	Planet 'M' Retail Limited	Director	04-08-08	01-04-08	-	Active	NO
22	U45201MH2007PTC166699	Titan Realty Private Limited	Director	02-07-08	10-06-08	-	Active	NO
23	U45201MH2006PTC166383	Veronica Properties Private Limited	Director	25-04-09	21-06-08	-	Active	NO
24	U40100MH1994PLC128291	Videocon Power Limited	Director	30-09-09	01-10-08	-	Active	NO
25	U29191MH1994PLC131185	Indian Refrigerator Company Limited	Director	30-03-09	30-03-09	-	Active	NO
26	U51109MH2008PLC188547	Unity Appliances Limited	Additional director	08-10-09	08-10-09	08-11-09	Active	NO
27	U32109MH2010PLC198794	PE Electronics Limited	Director	12-01-10	12-01-10	-	Active	NO
28	U40103MH2010PLC198876	Videocon Energy Limited	Director	13-01-10	13-01-10	-	Active	NO
29	U11102MH2010PLC199078	Videocon Oil Ventures Limited	Director	19-01-10	19-01-10	-	Active	NO
30	U45200PN2007PTC130910	Pranav Securities And Properties Private Limited	Director	01-07-10	01-07-10	-	Active	NO
31	U11100MH2008PLC179061	Videocon Oil Services Limited	Additional director	01-11-10	01-11-10	-	Active	NO
32	U40105MH2010PLC198384	Videocon Power Ventures Limited	Director	27-06-11	01-11-10	-	Active	NO
33	U11204MH2004PLC147217	Sky Appliances Limited	Additional director	31-01-11	31-01-11	-	Active	NO

Name :	Mr. Saurabh Pradipkumar Dhoot
Designation :	Director
Address :	Dhoot Bunglow, Station Road, Aurangabad – 431001, Maharashtra, India.
Date of Birth/Age :	11.08.1984
Date of Appointment :	31.01.2007
DIN :	00970362

Other Directorship

S.No.	CIN	Name Of The Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U72900DL2003PTC121854	SMX Iexplore Software Services (India) Private Limited	Director	21-08-03	21-08-03	01-01-07	Active	NO
2	U70200GA1994PTC001723	Oragon Realty Private Limited	Director	01-11-03	01-11-03	-	Active	NO
3	U01111GA1994PTC001724	Wall Flower Agritech Private Limited	Director	01-11-03	01-11-03	-	Active	NO
4	U01111GA1994PTC001725	Sycamore Growmore Private Limited	Director	01-11-03	01-11-03	-	Active	NO
5	U29300MH2004PLC148746	Pacific Appliances Manufacturing and Trading Limited	Director	22-09-04	22-09-04	15-07-10	Active	NO
6	U45201MH2006PTC166383	Veronica Properties Private Limited	Director	21-12-06	21-12-06	-	Active	NO
7	U45201MH2006PTC166384	Videocon Sez Infrastructures (Pune) Private Limited	Director	21-12-06	21-12-06	01-07-10	Active	NO
8	U45201MH2006PTC166382	Videocon Sez Infrastructures Private Limited	Director	04-01-07	04-01-07	-	Active	NO
9	U45201MH2007PTC166699	Titan Realty Private Limited	Director	04-01-07	04-01-07	-	Active	NO
10	U45200MH2007PTC166977	Videocon Realty Private Limited	Director	12-01-07	12-01-07	-	Active	NO
11	U92100MH2002PLC137947	Bharat Business Channel Limited	Director	27-09-07	31-01-07	-	Active	NO
12	U64202DL2002PTC113779	Verizon Communications India Private Limited	Director	30-10-07	06-02-07	-	Active	NO
13	U70102MH2007PLC167606	Planet 'M' Retail Limited	Director	04-08-08	02-11-07	-	Active	NO
14	U93090MH2007PTC175860	Capitareal Trustees Private Limited	Director	12-11-07	12-11-07	21-07-11	Active	YES
15	U93090MH2007PTC175856	Capitareal Fund Advisory Services Private Limited	Director	12-11-07	12-11-07	21-07-11	Active	YES
16	U67120MH2007PTC175857	Capitareal Securities Private Limited	Director	12-11-07	12-11-07	27-11-07	Active	YES
17	U93090MH2007PTC175858	Capitareal Ventures Private Limited	Director	12-11-07	12-11-07	27-11-07	Active	YES
18	U32100MH2003PLC142232	Videocon International Electronics Limited	Director	31-03-08	11-12-07	-	Active	NO
19	U51109MH2008PLC177746	Videocon Display Limited	Director	11-01-08	11-01-08	-	Active	NO
20	U45202MH2008PLC177912	Qualcon Infra Limited	Director	18-01-08	18-01-08	-	Active	NO
21	U11100MH2008PLC179061	Videocon Oil Services Limited	Director	19-02-08	19-02-08	-	Active	NO
22	U51109MH2008PLC180993	Instant Retail India Limited	Director	09-04-08	09-04-08	-	Active	NO
23	U40102MH2008PTC185148	Quadrant Energy Private Limited	Director	28-07-08	28-07-08	-	Active	NO
24	U40109MH2008PTC185312	Galaxy Power Private Limited	Director	01-08-08	01-08-08	15-12-10	Active	NO
25	U40102MH2008PTC185709	Force Energy Private Limited	Director	12-08-08	12-08-08	18-08-10	Active	NO
26	U40103MH2008PTC185771	Comet Power Private Limited	Director	13-08-08	13-08-08	-	Active	NO
27	U72200MH2008PLC187148	Videocon Infotel Limited	Director	29-09-08	29-09-08	10-12-10	Active	NO
28	U64200DL2008PTC185649	Crescent Telecom Infrastructures Private Limited	Director	10-12-08	10-12-08	-	Active	YES
29	U40108MH2008PLC189142	Nupower Renewables Limited	Director	24-12-08	24-12-08	15-01-09	Active	NO
30	U74990MH2009PLC192124	Universal Digital Connect Limited	Director	29-04-09	29-04-09	-	Active	NO
31	U72900MH2009PLC192171	Planet 'M' Online Limited	Director	04-05-09	04-05-09	12-12-10	Active	NO
32	U55101MH2008PTC183043	Jalgaon Hospitality Private Limited	Additional director	01-10-09	01-10-09	-	Active	NO
33	U55101MH2008PTC183057	Kolhapur Hospitality Private Limited	Additional director	01-10-09	01-10-09	-	Active	NO
34	U55101MH2008PTC183055	Nanded Hospitality Private Limited	Additional director	01-10-09	01-10-09	-	Active	NO
35	U64200MH2008PTC188484	Videocon Telecom Holdings Private Limited	Additional director	01-10-09	01-10-09	-	Active	NO
36	U64200PB2008PTC031992	Skystar Telecom Private Limited	Director	07-12-09	01-10-09	-	Active	NO
37	U92100MH2006PTC162926	VC Digital Solutions Private Limited	Director	30-12-09	01-10-09	-	Active	NO
38	U40104MH2008PTC184134	Unity Power Private Limited	Director	20-09-10	01-10-09	-	Active	NO
39	U40108MH2008PTC182762	Northwest Energy Private Limited	Director	30-09-11	01-10-09	-	Active	NO
40	U55101MH2008PTC183042	Hubli Hospitality Private Limited	Additional director	01-10-09	01-10-09	30-07-10	Active	NO
41	U40102MH2008PTC183071	Excel Power Private Limited	Additional director	01-10-09	01-10-09	18-08-10	Active	NO
42	U40102MH2008PTC183056	North India Energy Private Limited	Director	30-09-10	15-12-09	-	Active	NO
43	U40101MH2010PTC200343	Orchid Energy Private Limited	Director	23-02-10	23-02-10	01-11-10	Active	NO
44	U40101MH2010PTC200583	Instant Energy Private Limited	Director	30-09-10	11-03-10	-	Active	NO
45	U40104MH2009PTC191519	Applied Energy Private Limited	Director	30-09-10	11-03-10	-	Active	NO
46	U40105MH2010PTC200461	Proficient Energy Private Limited	Director	30-12-10	11-03-10	-	Active	NO
47	U40102MH2009PTC195772	Percept Energy Private Limited	Director	27-09-10	11-03-10	01-11-10	Active	NO
48	U40102MH2010PTC201629	Nucleus Energy Private Limited	Additional director	06-04-10	06-04-10	18-08-10	Active	NO
49	U40109MH2010PLC207516	Madhya Pradesh Power Ventures Limited	Director	08-09-10	08-09-10	-	Active	NO
50	U70102MH2010PLC208000	Videocon Developers Limited	Director	21-09-10	21-09-10	-	Active	NO
51	U66000MH2010PLC209656	Liberty Videocon General Insurance Company Limited	Director	01-11-10	01-11-10	25-01-11	Active	NO

Name :	Mr. Rajkumar Nandal Dhoot
Designation :	Director
Address :	Dhoot Bunglow, Station Road, Padampura, Aurangabad – 431005, Maharashtra, India.
Date of Birth/Age :	05.11.1955
Date of Appointment :	09.04.2007
DIN :	00419480

Other Directorship

S.No.	CIN	Name Of The Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U85110MH1991PLC060680	Marathwada Medical Research And Rural Development Institution	Director	27-09-96	27-09-96	29-09-11	Active	NO
2	U45202MH2002PTC135915	Videocon Atithi Shelters Private Limited	Director	27-05-02	27-05-02	-	Active	NO
3	U70101MH1994PTC167834	Devant Properties and Investments Private Limited	Director	31-01-05	31-01-05	-	Amalgamated	NO
4	U29299MH1979PTC021986	Waluj Components Private Limited	Director	27-09-05	31-01-05	-	Active	NO
5	U32204MH1979PTC021988	Synergy Appliances Private Limited	Director	31-01-05	31-01-05	-	Active	NO
6	U92100MH2002PLC137947	Bharat Business Channel Limited	Director	27-09-07	09-04-07	-	Active	NO
7	U72900MH2007PLC204763	Videocon Telecommunications Limited	Managing director	06-12-08	12-12-07	-	Active	NO
8	U64200DL2008PTC177034	Universal Mobile Towers Private Limited	Director	22-04-08	22-04-08	-	Active	NO
9	U64201PB2008PTC031630	Datacom Telecommunications Private Limited	Director	31-12-09	18-03-09	-	Active	NO
10	U91990DL1920PLC008223	The Associated Chambers of Commerce and Industry of India	Director	11-12-10	11-12-10	-	Active	NO

KEY EXECUTIVES

Name :	Ms. Nisha Ramesh Khandelwal
Designation :	Secretary
Address :	Flat No.6, Building – 1, Runwal Park, New Market Yard Bus Depo, Pune – 411037, Maharashtra, India
Date of Birth/Age :	10.10.1986
Date of Appointment :	01.08.2009
PAN No.:	ATEPK4031E
Name :	Ms. Amruta Shridhar Karkare
Designation :	Secretary
Address :	18, Kshipra Sahawas, Society, Karvenagar, Pune – 411052, Maharashtra, India
Date of Birth/Age :	20.05.1987
Date of Appointment :	27.04.2010
Name :	Mr. Prakash
Designation :	Assistant Accountant

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2009

Names of Shareholders	No. of Shares
Venugopal Nandlal Dhoot	10000
Anirudh Venugopal Dhoot	39950
Suresh Madhava Hegde	10
Atul Ashok Galande	10
Vinod Kumar Bohra	10
Vasant Shesharao Kakade	10
Sunil Kumar Samriya	10
Shree Dhoot Trading and Agencies Limited, India	1900000
Solitaire Appliances Private Limited, India	1900000
Greenfield Appliances Private Limited, India	1900000
Synergy Appliances Private Limited, India	1900000
Dome – Bell Electronics India Private Limited, India	1900000
Dhoot Brothers Investment company Private Limited	450000
Total	10000000

AS ON 30.09.2010

Equity Share Breakup	Percentage of Holding
Category
Bodies corporate	99.50
Directors or relatives of directors	0.50
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturing of Set-Top Box and Providing Services for DTH Products.
Terms :
Selling :	L/C, Cash and Credit
Purchasing :	L/C, Cash and Credit

GENERAL INFORMATION

Customers :

Subhash Distributors

No. of Employees :

30 (Approximately) (In Bangalore Office)

Bankers :

· Central Bank of India, Industrial Finance Branch, Ground Floor, Chander Mukhi, Nariman Point, Mumbai – 400021, Maharashtra, India

· IDBI Bank, Bangalore, Karnataka, India

Facilities :

Secured Loan (Rs. In Millions)	31.03.2010	31.03.2009
From bank and Financial Institutions : Rupee Term Loan	6950.000	2200.000
TOTAL	6950.000	2200.000
Note : Term Loans from Banks and Financial Institutions are secured by: Term Loans from Banks are Secured by First Mortgage / Charge on the entire immovable properties and movable assets of the Company, present and furture, on pari-pasu basis and assignment of contracts relating to transponder capacity, if any or a negative lien if contracts are not assignable, assignement of all Government Authorisation licenses, insurance policies. The loans are guaranteed by Mr. Venugopal N. Dhoot and Mr. Pradeep Kumar N. Dhoot and covered by Corporate Guarantee of Videocon Industries Limited. The Loans are further secured by charge on Escrow Account with bank

Unsecured loan (Rs. In millions)	31.03.2010	31.03.2009
Loan from Others	377.616	1319.000
TOTAL	377.616	1319.000

Banking Relations :	--
Financial Institution :	IDBI Trusteeship Services Limited, Asian Building, Ground Floor, 17, R. Kamani Marg, Ballard Estate, Mumbai – 400001, Maharashtra, India
Auditors :
Name :	Kahndelwal Jain and Company Chartered Accountants
Address :	221. Hans Bhavan, Bahadur Shah Zafar Marg, New Delhi – 110002, Delhi, India

CAPITAL STRUCTURE

AS ON 31.03.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
185000000	Equity Shares	Rs.10/- each	Rs.1850.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
182000000	Equity Shares	Rs.10/- each	Rs.1820.000 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		1820.000	100.000	100.000
2] Share Application Money		0.000	1300.000	0.000
3] Reserves & Surplus		3440.000	0.000	0.000
4] (Accumulated Losses)		(1325.692)	(31.999)	(13.006)
NETWORTH		3934.308	1368.001	86.994
LOAN FUNDS
1] Secured Loans		6950.000	2200.000	0.000
2] Unsecured Loans		377.616	1319.000	0.000
TOTAL BORROWING		7327.616	3519.000	0.000
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		11261.924	4887.001	86.994
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		4896.249	144.392	1.318
Capital work-in-progress		6940.884	2154.233	372.776
INVESTMENT		0.000	0.000	1000.000
DEFERREX TAX ASSETS		0.000	6.237	2.640
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	149.581	90.479	0.153
	Sundry Debtors	0.913	0.000	0.000
	Cash & Bank Balances	104.451	215.730	25.014
	Other Current Assets	0.741	0.000	0.000
	Loans & Advances	555.862	2665.496	40.372
Total Current Assets		811.548	2971.705	65.539
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	766.902	20.240	10.219
	Other Current Liabilities	606.371	362.561	1344.903
	Provisions	13.484	6.765	0.157
Total Current Liabilities		1386.757	389.566	1355.279
Net Current Assets		(575.209)	2582.139	(1289.740)
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		11261.924	4887.001	86.994

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008
	SALES
		Sales and Services	122.238	0.061	0.000
		Other Income	5.399	0.808	4.264
		TOTAL (A)	127.637	0.869	4.264
Less	EXPENSES
		Cost of goods sold	49.161	0.060	0.000
		Salaries, Wages and Employees Benefits	180.259	15.906	6.999
		Operating Costs	565.622	0.000	0.000
		Administrative and other Expenses	88.471	2.400	5.854
		Sales and distributor Expenses	222.873	2.800	0.000
		TOTAL (B)	1106.386	21.166	12.853
Less	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		(978.749)	(20.297)	(8.589)
Less	FINANCIAL EXPENSES (D)		150.913	0.298	0.105
	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		(1129.662)	(20.595)	(8.694)
Less/ Add	DEPRECIATION/ AMORTISATION (F)		157.794	0.614	0.003
	PROFIT/(LOSS) BEFORE TAX (E-F) (G)		(1287.456)	(21.209)	(8.697)
Less	TAX (H)		6.237	(2.216)	(2.483)
	PROFIT/(LOSS)AFTER TAX (G-H) (I)		(1293.693)	(18.993)	(6.214)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		(31.999)	(13.006)	(6.792)
	BALANCE CARRIED TO THE B/S		(1325.692)	(31.999)	(13.006)
	IMPORTS
		Raw Materials / Components	7.467	2.045	0.000
		Capital Goods	304.053	268.250	0.000
	TOTAL IMPORTS		311.520	270.295	0.000
	Earnings/(Loss) Per Share (Rs.)		(53.17)	(1.90)	(0.70)

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
PAT / Total Income	(%)	(1013.57)	(2185.61)	(145.73)
Net Profit Margin (PBT/Sales)	(%)	(1053.24)	(34768.85)	0.00
Return on Total Assets (PBT/Total Assets}	(%)	(22.56)	(0.68)	(13.01)
Return on Investment (ROI) (PBT/Networth)		(0.33)	(0.02)	(0.10)
Debt Equity Ratio (Total Liability/Networth)		2.21	2.85	15.57
Current Ratio (Current Asset/Current Liability)		0.58	7.62	0.04

LOCAL AGENCY FURTHER INFORMATION

SUNDRY CREDITORS DETAILS

(Rs. In millions)

Particulars	31.03.2010	31.03.2009	31.03.2008
Sundry Creditors - Due to Others	766.902	20.240	10.219

Sr. No.	Check List by Info Agents
1.	Year of Establishment	YES
2.	Locality of the firm	YES
3.	Constitutions of the firm	YES
4.	Premises details	YES
5.	Type of Business	YES
6.	Line of Business	YES
7.	Promoter’s background	--
8.	No. of employees	YES
9.	Name of person contacted	YES
10.	Designation of contact person	YES
11.	Turnover of firm for last three years	NO
12.	Profitability for last three years	NO
13.	Reasons for variations <> 20%	NO
14.	Estimation for coming financial year	NO
15.	Capital in the business	NO
16.	Details of sister concerns	NO
17.	Major Suppliers	NO
18.	Major Customers	YES
19.	Payment terms	YES
20.	Export / Import details (is applicable)	--
21.	Market information	--
22.	Litigation that the firm / promoter involved in	--
23.	Banking Details	YES
24.	Banking facility details	--
25.	Conduct of the banking account	--
26.	Buyer visit details	--
27.	Financials, if provided	NO
28.	Incorporation details, if applicable	--
29.	Last accounts filed at ROC	--
30.	Major Shareholders, is available	--

FINANCIAL PERFORMANCE

During the year, the company has successfully launched its services to provide Direct to Home services under brand "Videocon D2H".

For the year ended 31^st March, 2010, the Total Income stood at Rs.127.640 Millions as against Rs.0.870 Million for the previous year. However, the Company has incurred Loss after Tax of Rs.1293.690 Millions primarily on account of building a brand in the Direct To Home market and incurring substantial Project Management cost on building the infrastructure, development of a competitive and unique product, creating set up for Sales and Services, launching of services and procuring content for its subscribers. The directors are hopeful of improved performance in the coming years.

BUSINESS OVERVIEW

As informed earlier, the Company has successfully launched its services to provide Direct to Home services under brand "Videocon D2H". Being the first year of operation, the Company was engaged in laying down the essentials for the business activity at grass root level by preparing strong support base for vertical growth by using the synergies with the help of available resources; building infrastructure; development of a competitive and unique product; creating set up for Sales and Services; launching of services; and procuring content for its subscribers. The key focus area included strengthening the robustness of subscriber management system with a strong IT Support which is very essential in the Direct to Home Industry.

The Company has taken various initiatives to increase its sales and create product awareness by organizing Road Shows, Sponsorship of IPL Team etc., including roping in Mr. Abhishek Bachchan as brand ambassador of D2H so as to leverage the brand image, stature, imagery and contribute to the overall feel good factor in the trade circle.

SHARE CAPITAL

During the year, the authorised capital of the Company was increased from Rs.1000.000 Millions to Rs.1850.000 Millions. Consequently, the paid up capital was also increased from Rs.100.000 Millions to Rs.1820.000 Millions.

CONTINGENT LIABILITIES

(Rs. In millions)

Particulars	31.03.2010	31.03.2009
A] Letter of Guarantees	608.237	472.000
B] Letter of Credit opened by the Bank	88.084	4.716

The Company has received demand notice for Rs.0.213 million from the Entertainment Tax Department. Uttaranchal and for Rs.0.234 million from the Commercial Tax Department of Rajasthan on account of Entertainment Tax.

The Company has been advised that since providing the broadcasting services does not amount to entertainment and since. providing DTH service is not a subject matter on which a State Government can impose a tax, Entertainment Tax cannot be levied by the State Governments.

The Company, therefore, has disputed demands for Entertainment Tax and has filed writ petitions in the High Courts of Uttarakhand, Rajasthan, Assam, Gujarat, Madhya Pradesh, Delhi NCR. Uttar Pradesh, West Bengal, Punjab and Maharashtra against levy of Entertainment Tax and is in process of filing similar petitions in other States which levied Entertainment Tax.

Meanwhile, the Company has paid an amount of Rs.2.285 millions under protest towards Entertainment Tax in some of the States and the same have been debited to Profit and Loss Account. No further provision has been made in this respect, as the same could be ascertained only upon the final outcome of the litigations in respective States.

Bankers Charges Report as per Registry

Corporate identity number of the company	U92100MH2002PLC137947
Name of the company	BHARAT BUSINESS CHANNEL LIMITED
Address of the registered office or of the principal place of business in India of the company	171-C 17th Floor, mittal Court C Wing, Nariman Point, Mumbai – 400021, Maharashtra, India
This form is for	Creation of Charge
Type of charge	Movable Property
Particular of charge holder	IDBI Trusteeship Services Limited, Asian Building, Ground Floor, 17, R. Kamani Marg, Ballard Estate, Mumbai – 400001, Maharashtra, India
Nature of instrument creating charge	Deed of Hypothecation dated 20th December, 2010 executed by the Company in favour of IDBI Trusteeship Services Limited in its capacity as security trustee for the ICICI Bank Limited (Lender).
Date of instrument Creating the charge	20.12.2010
Amount secured by the charge	Rs.10,000.000 millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest - I-Base and Spread per annum, subject to minimum rate of I-Base + 3.50% p.a. plus applicable interest tax or other statutory levy, if any. As on date the I-Base is 7.75% p.a. and spread is 3.50% p.a. Terms of Repayment - As per the repayment schedule forming part of the Credit Arrangement Letter of ICICI Bank Limited. Margin - NIL Extent and Operation of the charge - Subservient charge subservient to all the existing charges, by way of Hypothecation over the Assets as defined in schedule II of the Deed of Hypothecation, in favour of IDBI Trusteeship Services Limited, in its capacity as security trustee for the ICICI Bank Limited (Lender). Others - The Company is proposing to borrow upto an amount not exceeding Rs. 10,000.000 millions from various Banks and Financial Institutions. Out of the said facility an amount of Rs. 3000.000 millions has been sanctioned by ICICI Bank Limited and the balance is being arranged by ICICI Bank Limited.
Short particulars of the property or asset(s) charged (including complete address and location of the property)	The whole of the Company’s movable properties including its movable plant and machinery, machinery spares, tools and accessories, non-trade receivables and other movables, both present and future The whole of the Company’s equipments including its spares, tools and accessories, software, whether installed or not and whether in the possession or under the control of the Company or not All the Bank Accounts and all rights, title, interest, benefits, claims and demands whatsoever of the Company in, to, under and in respect of the Bank Accounts and all monies including all cash flows and receivables as defined in schedule II of the Deed of Hypothecation, copy whereof is attached to this form.

TRADE REFERENCES

· Subhash Distributors

FIXED ASSETS

· Land

· Building

· Plant and Machinery

· Consumer Premises Equipments [CPE]

· Electrical Installation

· Furniture and Fixtures

· Computers

· Computer Software

· Office Equipment

· Vehicles

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.52.17
UK Pound	1	Rs.81.29
Euro	1	Rs.69.47

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	2
--PROFITABILIRY	1~10	2
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	2
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		26

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.