MIRA INFORM REPORT

Report Date :

07.12.2011

IDENTIFICATION DETAILS

Name :	JUMBO ELECTRONICS CORPORATION PRIVATE LIMITED (w.e.f. 07.09.2007)
Formerly Known As :	LINYTRON ELECTRONICS PRIVATE LIMITED
Registered Office :	The International, 5^th Floor, 16, New Marine Lines, Cross Road, No. 1, Churchagate, Mumbai-400020, Maharashtra
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	21.06.1984
Com. Reg. No.:	11-033215
Capital Investment / Paid-up Capital :	Rs. 450.100 millions
CIN No.: [Company Identification No.]	U32109MH1984PTC033215
TAN No.: [Tax Deduction & Collection Account No.]	MUML05780F
PAN No.: [Permanent Account No.]	AAASCL5308H
Legal Form :	Private Limited Liability Company
Line of Business :	Trader of consumer electronics and electrical equipments.
No. of Employees :	150 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (27)

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

Maximum Credit Limit :	USD 944000
Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is an established company having moderate track. Profitability of the company is under pressure. There appears some accumulated losses recorded by the company. However trade relations are reported as fair. Business is active. Payments are reported to be slow. 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

Name :	Mr. Dhruv
Designation :	Accounts Manager
Contact No.:	91-9910035703
Date :	06.12.2011

LOCATIONS

Registered Office :	The International, 5^th Floor, 16, New Marine Lines, Cross Road, No. 1, Churchagate, Mumbai-400020, Maharashtra, India
Tel. No.:	91-22-22033989 / 22033992 / 22001910
Mobile No.:	91-9910035703 (Mr. Dhruv)
Fax No.:	91-22-22065703 / 22083984
E-Mail :	rkraje@jumbo.net.in dhruvavhowmick@jumbo.net.in
Website :	www.jumbo.net.in
Area :	1500 sq. ft.
Location :	Owned
Branches :	Inox Tower B, Sector 16 A, Film City, Noida
Area :	1500 Sq. ft.
Location :	Rented
Corporate Office :	#327/B, Great India Palace, 3rd Floor Sector 38A, Noida, Delhi -201301, India
Tel. No.:	91-120-4221100 / 4233712

DIRECTORS

AS ON 30.09.2011

Name :

Ms. Vidya Manohar Chhabria

Designation :

Director

Address :

Villa no. 19, 342/55A-53A, Alwasi Road, Jumeirah, P O Box 3426, Dubai, United Arab Emirates

Date of Birth/Age :

21.10.1948

Date of Appointment :

16.08.2007

DIN No :

00116233

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	U19129TN1964PLC000749	GWL PROPERTIES LIMITED	Director	22/04/2002	22/04/2002	27/01/2010	Active	NO
2	L74299MH1959PLC163775	MPIL CORPORATION LTD	Director	22/04/2002	22/04/2002	29/06/2007	Active	NO
3	U74140MH1989PTC051299	JUMBO WORLD HOLDINGS (INDIA) PRIVATE LIMITED	Director	18/10/2002	18/10/2002	-	Active	NO
4	U65920MH1992PTC069353	FIRESTORM ELECTRONICS CORPORATION PRIVATE LIMITED	Director	14/01/2003	14/01/2003	-	Active	NO
5	U67120MH1989PTC052054	DANDVATI INVESTMENTS AND TRADING COMPANY PRIVATE LIMITED	Director	14/01/2003	14/01/2003	-	Active	NO
6	U65990MH1994PTC078349	HARSHIT FINLEASE AND INVESTMENTS PRIVATE LIMITED	Director	14/01/2003	14/01/2003	-	Active	NO
7	U51909MH2002PTC135884	PRIMO ENTERPRISES PRIVATE LIMITED	Director	20/05/2003	20/05/2003	-	Active	NO
8	L24111MP1961PLC016023	NARMADA GELATINES LIMITED	Director	28/01/2006	28/01/2006	29/01/2009	Active	NO
9	U32109MH1984PTC033215	JUMBO ELECTRONICS CORPORATION PRIVATE LIMITED	Director	25/09/2007	16/08/2007	-	Active	NO
10	U93090MH2006PTC164144	AASMAN MANAGEMENT SERVICES PRIVATE LIMITED	Director	30/09/2008	10/10/2007	-	Active	NO
11	U67120MH2008PTC178742	VIMAN INVESTMENTS PRIVATE LIMITED	Director	11/2/2008	11/2/2008	-	Active	NO

Name :

Ms. Komal Chhabria Wazir

Designation :

Director

Address :

P.O. Box 3426, Dubai, United Arab Emirates

Date of Birth/Age :

11.08.1972

Date of Appointment :

16.08.2007

DIN No :

00138111

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	L74299MH1959PLC163775	MPIL CORPORATION LIMITED	Director	23/09/1998	23/09/1998	-	Active	NO
2	U19129TN1964PLC000749	GWL PROPERTIES LIMITED	Director	30/07/1999	30/07/1999	27/01/2010	Active	NO
3	U74140MH1989PTC051299	JUMBO WORLD HOLDINGS (INDIA) PRIVATE LIMITED	Director	18/10/2002	18/10/2002	-	Active	NO
4	U65920MH1992PTC069353	FIRESTORM ELECTRONICS CORPORATION PRIVATE LIMITED	Director	14/01/2003	14/01/2003	-	Active	NO
5	U67120MH1989PTC052054	DANDVATI INVESTMENTS AND TRADING COMPANY PRIVATE LIMITED	Director	14/01/2003	14/01/2003	-	Active	NO
6	U51909MH2002PTC135884	PRIMO ENTERPRISES PRIVATE LIMITED	Director	20/05/2003	20/05/2003	-	Active	NO
7	U65990MH1994PTC078349	HARSHIT FINLEASE AND INVESTMENTS PRIVATE LIMITED	Director	15/06/2005	15/06/2005	-	Active	NO
8	U32109MH1984PTC033215	JUMBO ELECTRONICS CORPORATION PRIVATE LIMITED	Director	25/09/2007	16/08/2007	-	Active	NO
9	U93090MH2006PTC164144	AASMAN MANAGEMENT SERVICES PRIVATE LIMITED	Director	30/09/2008	10/10/2007	-	Active	NO

Name :

Ms. Kiran Manohar Chhabria

Designation :

Director

Address :

Siddiq Mohamed Ibrahim’s Villa, 342/55A-53A, Alwasl Road, DM 19, Jumeirah, P.O. Box 3426, Dubai, United Arab Emirates

Date of Birth/Age :

15.04.1978

Date of Appointment :

16.08.2007

DIN No :

00413135

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	U65920MH1992PTC069353	FIRESTORM ELECTRONICS CORPORATION PRIVATE LIMITED	Director	14/01/2003	14/01/2003	-	Active	NO
2	U67120MH1989PTC052054	DANDVATI INVESTMENTS AND TRADING COMPANY PRIVATE LIMITED	Director	14/01/2003	14/01/2003	-	Active	NO
3	U65990MH1994PTC078349	HARSHIT FINLEASE AND INVESTMENTS PRIVATE LIMITED	Director	14/01/2003	14/01/2003	-	Active	NO
4	U51909MH2002PTC135884	PRIMO ENTERPRISES PRIVATE LIMITED	Director	25/10/2004	25/10/2004	-	Active	NO
5	U74140MH1989PTC051299	JUMBO WORLD HOLDINGS (INDIA) PRIVATE LIMITED	Director	25/10/2004	25/10/2004	-	Active	NO
6	L24111MP1961PLC016023	NARMADA GELATINES LIMITED	Director	28/01/2006	28/01/2006	19/09/2011	Active	NO
7	U32109MH1984PTC033215	JUMBO ELECTRONICS CORPORATION PRIVATE LIMITED	Director	25/09/2007	16/08/2007	-	Active	NO
8	U93090MH2006PTC164144	AASMAN MANAGEMENT SERVICES PRIVATE LIMITED	Director	30/09/2008	10/10/2007	-	Active	NO
9	U67120MH2008PTC178742	VIMAN INVESTMENTS PRIVATE LIMITED	Director	11/2/2008	11/2/2008	-	Active	NO

Name :

Mr. Ravindra Keshav Raje

Designation :

Alternative Director

Address :

6, Ashirwad, B.W. Pathare Marg, Shivaji Parks, Dadar (West), Mumbai-400028, Maharashtra, India

Date of Birth/Age :

30.06.1955

Date of Appointment :

10.05.2011

DIN No :

00112003

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	U65920MH1992PTC069353	FIRESTORM ELECTRONICS CORPORATION PRIVATE LIMITED	Director	21/12/1998	21/12/1998	-	Active	NO
2	U67120MH1998PTC113353	JEROM TRADING AND INVESTMENT PRIVATE LIMITED	Director	5/11/1999	5/11/1999	-	Active	NO
3	U65990MH1994PTC078349	HARSHIT FINLEASE AND INVESTMENTS PRIVATE LIMITED	Director	1/2/2001	1/2/2001	-	Active	NO
4	U74140MH1989PTC051299	JUMBO WORLD HOLDINGS (INDIA) PRIVATE LIMITED	Director	15/05/2001	15/05/2001	-	Active	NO
5	U51909MH2002PTC135884	PRIMO ENTERPRISES PRIVATE LIMITED	Director	1/6/2002	1/6/2002	-	Active	NO
6	U99999MH1998PTC118725	HEALING TOUCH ANGIOGRAPHY AND CARDIAC SURGERY CENTRE PRIVATE LIMITED	Director	26/12/2002	26/12/2002	-	Active	NO
7	U70101TN2000PLC044652	GORDON WOODROFFE DISTILLERIES LIMITED	Director	23/10/2003	23/10/2003	-	Strike off	NO
8	U19119TN1953PLC002913	TULLIS WOODROFFE AND COMPANY LIMITED	Director	23/10/2003	23/10/2003	-	Strike off	NO
9	U51102TN1967PTC005527	MILLINER AGENCIES PRIVATE LIMITED	Director	23/10/2003	23/10/2003	24/09/2010	Active	NO
10	U32109MH1984PTC033215	JUMBO ELECTRONICS CORPORATION PRIVATE LIMITED	Alternate director	10/5/2011	28/01/2005	-	Active	NO
11	U52392MH2000PTC128038	PHONEGARAGE COM INDIA PRIVATE LIMITED	Director	30/03/2005	30/03/2005	-	Active	NO
12	U65990MH1987PTC042979	L'AQUILA INVESTMENTS COMPANY PRIVATE LIMITED	Director	14/06/2005	14/06/2005	-	Active	NO
13	L74299MH1959PLC163775	MPIL CORPORATION LIMITED	Director	13/07/2005	13/07/2005	-	Active	NO
14	U45209TN1997PLC039043	SMN ENGINEERS LIMITED	Director	30/09/2006	30/09/2005	-	Active	NO
15	L24111MP1961PLC016023	NARMADA GELATINES LIMITED	Director	28/01/2006	28/01/2006	-	Active	NO
16	U67120MH2006PTC160002	WIZER ADVERTISING PRIVATE LIMITED	Director	22/08/2007	24/02/2006	-	Active	NO
17	U19129TN1964PLC000749	GWL PROPERTIES LIMITED	Whole-time director	26/09/2010	27/09/2006	-	Active	NO
18	U67120MH2008PTC178742	VIMAN INVESTMENTS PRIVATE LIMITED	Director	11/2/2008	11/2/2008	-	Active	NO
19	U93090MH2006PTC164144	AASMAN MANAGEMENT SERVICES PRIVATE LIMITED	Director	30/09/2008	21/07/2008	-	Active	NO

Name :

Mr. Sanjeev Jain

Designation :

Additional Director [w.e.f. 29.09.2010]

Address :

207, Mohd. Suhail Bin Owaidan’s Building, Al Sharifi Centre, 318, Al Karama Area, PO Box 2548, Dubai

Date of Birth/Age :

05.12.1961

Date of Appointment :

28.10.2010

DIN No :

00119762

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	U67120JK1987PTC000998	HUNDWARA FINANCE AND INVESTMENT CO PRIVATE LIMITED	Director	21/12/1998	21/12/1998	29/10/2009	Active	NO
2	U22300MH1980PTC023179	ORSON VIDEO PRIVATE LIMITED	Director	18/01/1999	18/01/1999	-	Active	NO
3	L74299MH1959PLC163775	MPIL CORPORATION LTD	Director	22/07/2003	22/07/2003	-	Active	NO
4	U19129TN1964PLC000749	GWL PROPERTIES LIMITED	Director	15/09/2004	15/09/2004	-	Active	NO
5	U67120MH1998PTC113353	JEROM TRADING AND INVESTMENT PRIVATE LIMITED	Director	20/06/2005	20/06/2005	-	Active	NO
6	L24111MP1961PLC016023	NARMADA GELATINES LIMITED	Director	8/9/2009	29/01/2009	-	Active	NO
7	U65990MH1994PTC078349	HARSHIT FINLEASE AND INVESTMENTS PRIVATE LIMITED	Director	20/09/2010	20/09/2010	-	Active	NO
8	U67120MH2008PTC178742	VIMAN INVESTMENTS PRIVATE LIMITED	Director	22/09/2010	22/09/2010	-	Active	NO
9	U65920MH1992PTC069353	FIRESTORM ELECTRONICS CORPORATION PRIVATE LIMITED	Director	29/09/2010	29/09/2010	-	Active	NO
10	U51909MH2002PTC135884	PRIMO ENTERPRISES PRIVATE LIMITED	Director	30/09/2010	30/09/2010	-	Active	NO
11	U67120MH1989PTC052054	DANDVATI INVESTMENTS AND TRADING COMPANY PRIVATE LIMITED	Director	30/09/2010	30/09/2010	-	Active	NO
12	U32109MH1984PTC033215	JUMBO ELECTRONICS CORPORATION PRIVATE LIMITED	Director	30/09/2011	28/10/2010	-	Active	NO
13	U74140MH1989PTC051299	JUMBO WORLD HOLDINGS (INDIA) PRIVATE LIMITED	Director	22/09/2011	13/12/2010	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2011

Names of Shareholders	No. of Shares
Aasman Management Services Private Limited	10006
Krishnan Selva Kumar	2
Ravindra Keshav Raje	8
Vidya Manohar Chhabria	1
Bhavika Manohar Godhwani	1
Komal Chhabria	1
Kiran Manohar Chhabria	1
Total	10020

Name of Preference Shareholders	No. of Shares
Aasman Management Services Private Limited	5000000
Total	5000000

AS ON 30.09.2011

Equity Share Breakup		Percentage of Holding
Category
Bodies corporate		99.86
Directors or relatives of directors		0.14
	Total	100.00

BUSINESS DETAILS

Line of Business :	Trader of consumer electronics and electrical equipments.
Agencies Held :	· LG · Samsung · Apple
Terms :
Selling :	L/C, Cash and Credit
Purchasing :	L/C, Cash and Credit

GENERAL INFORMATION

Suppliers :	Soni Samsung Apple LG Blackberry
Customers :	End Users Individual
No. of Employees :	150 (Approximately)
Bankers :	HDFC Bank, Branch Sector 62, Noida, Uttar Pradesh, India
Facilities :	Over Draft – Rs.35.000 millions [From HDFC Bank]

Banking Relations :	--
Auditors :
Name :	T R Chaddha and Company Chartered Accountants
Address :	Delhi, India
Name :	G S Nayak and Company Chartered Accountants
Address :	Nawab Building, 4^th Floor, 327, D. N. Road, Opposite Thomas Cook, Fort, Mumbai-400001, Maharashtra, India
PAN :	AAEFG0306M
Holding Company :	Aasman Management Services Private Limited CIN : U93090MH2006PTC164144

CAPITAL STRUCTURE

AS ON 30.09.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
5,000,000	Equity Share	Rs. 10/- each	Rs. 50.000 Millions
5,000,000	Preference Shares	Rs. 100/- each	Rs. 500.000 Millions
	Total		Rs. 550.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10,020	Equity Shares	Rs. 10/- each	Rs. 0.100 Millions
5,000,000	Preference Shares	Rs. 100/- each	Rs. 500.000 Millions
	Total		Rs. 500.100 Millions

AS ON 31.03.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
5,000,000	Equity Share	Rs. 10/- each	Rs. 50.000 Millions
4,500,000	5% Non Cumulative Redeemable Optionally Convertible Preference Shares	Rs. 100/- each	Rs. 450.000 Millions
	Total		Rs. 500.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10,020	Equity Shares	Rs. 10/- each	Rs. 0.100 Millions
4,500,000	5% Non Cumulative Redeemable Optionally Convertible Preference Shares	Rs. 100/- each	Rs. 450.000 Millions
	Total		Rs. 450.100 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		450.100	450.100	225.100
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		0.000	0.000	0.000
4] (Accumulated Losses)		[213.862]	[146.363]	[48.346]
NETWORTH		236.238	303.737	176.754
LOAN FUNDS
1] Secured Loans		0.000	0.000	0.000
2] Unsecured Loans		0.000	0.000	0.000
TOTAL BORROWING		0.000	0.000	0.000
DEFERRED TAX LIABILITIES		0.487	2.462	0.734
TOTAL		236.725	306.199	177.488
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		73.348	79.099	53.474
Capital work-in-progress		2.842	5.421	0.016
INVESTMENT		66.398	63.815	0.000
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	87.614	65.006	43.232
	Sundry Debtors	5.018	4.346	6.277
	Cash & Bank Balances	16.306	73.293	53.272
	Other Current Assets	23.396	29.463	22.379
	Loans & Advances	10.974	8.466	36.965
Total Current Assets		143.308	180.574	162.125
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	45.079	19.551	39.842
	Other Current Liabilities	7.293	9.579	3.889
	Provisions	1.199	0.789	0.491
Total Current Liabilities		53.571	29.919	44.222
Net Current Assets		89.737	150.655	117.903
MISCELLANEOUS EXPENSES		4.400	7.209	6.095
TOTAL		236.725	306.199	177.488

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008
	SALES
		Sales	753.604	479.793	85.873
		Service Income	13.545	5.187	0.000
		Other Income	10.673	15.790	31.028
		TOTAL (A)	777.822	500.770	116.901
Less	EXPENSES
		Cost of Goods Sold	681.150	436.769
		Operating, Administrative and Selling Expenses	152.587	152.725
		TOTAL (B)	833.737	589.494	157.884
					[including Depreciation and Finance Expenses]
	PROFIT/[LOSS] BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		(55.915)	(88.724)
Less	FINANCIAL EXPENSES (D)		0.463	0.204
	PROFIT/[LOSS] BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		(56.378)	(88.928)
Less/ Add	DEPRECIATION/ AMORTISATION (F)		13.097	6.680
	PROFIT / [LOSS] BEFORE TAX (E-F) (G)		(69.475)	(95.608)	(40.983)
Less	TAX (H)		(1.975)	2.408	1.225
	PROFIT / [LOSS] AFTER TAX (G-H) (I)		(67.500)	(98.016)	(42.208)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		(146.362)	(48.346)	(6.138)
	BALANCE CARRIED TO THE B/S		(213.862)	(146.362)	(48.346)
	Earnings/Loss Per Share (Rs.)		(6737.00)	(9782.00)	(4212.00)

Particulars	31.03.2011
Sales Turnover (Approximately)	1400.000 [with tax]

Expected Sales (2011-2012) : Rs. 1500.000 millions

The above information has been parted by Mr. Dhruv [Accounts Manager]

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
PAT / Total Income	(%)	(8.68)	(19.57)	(36.11)
Net Profit Margin (PBT/Sales)	(%)	(9.22)	(19.93)	(47.72)
Return on Total Assets (PBT/Total Assets}	(%)	(32.07)	(36.82)	(19.01)
Return on Investment (ROI) (PBT/Networth)		(0.29)	(0.31)	(0.23)
Debt Equity Ratio (Total Liability/Networth)		0.23	0.10	0.25
Current Ratio (Current Asset/Current Liability)		2.68	6.04	3.67

LOCAL AGENCY FURTHER INFORMATION

SUNDRY CREDITORS DETAILS

Particulars	31.03.2010 (Rs. In Millions )	31.03.2009 (Rs. In Millions )	31.03.2008 (Rs. In Millions )
Sundry Creditor	45.079	19.551	39.842

Check List by Info Agents	Available in Report [Yes/No]
Year of Establishment	Yes
Locality of the Firm	Yes
Construction of the firm	Yes
Premises details	Yes
Type of Business	Yes
Line of Business	Yes
Promoters background	-
No. of Employees	Yes
Name of Person Contacted	Yes
Designation of contact person	Yes
Turnover of firm for last two years	Yes
Profitability for last three years	No
Reasons for variation <> 20%	-
Estimation for coming financial year	Yes
Capital the business	Yes
Details of sister concerns	-
Major Suppliers	Yes
Major Customers	Yes
Payment Terms	Yes
Export / Import Details [If Applicable]	-
Market Information	-
Litigations that the firm / promoter involved in	-
Banking Details	Yes
Banking Facility Details	Yes
Conduct of the banking account	-
Buyer visit details	-
Financials, if provided	No
Incorporation details, if applicable	-
Last accounts filed at ROC	-
Major Shareholders, if applicable	-

BUSINESS REVIEW

The Company earned a revenue of Rs. 777.800 millions during the financial year as against Rs. 500.700 millions during the previous year. The loss for the year was lower at Rs 67.500 millions as compared to Rs 98.000 millions in the previous year. Sales increased by 57% over the previous year and the Company opened a new outlet in Jaipur during the year

BACKGROUND

Jumbo Electronics Corporation Private Limited (formerly Linytron Electronics Private Limited) (‘the Company’) was incorporated on 21st June 1984 in India under the Indian Companies Act, 1956 having its registered office located at Mumbai. The Corporate office is located in Noida, U.P. The Company is engaged in trading of consumer electronics and electrical equipment.

TRADE REFERENCES :

• Soni
• Samsung
• Apple
• LG
• Blackberry
• Individual

FIXED ASSETS

· Building Stores

· Furniture and Fittings

· Vehicles

· Computers

· Office Equipments

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. 51.39
UK Pound	1	Rs. 80.20
Euro	1	Rs. 68.92

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	--
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	--
--CREDIT LINES	1~10	4
--MARGINS	-5~5	--
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	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		27

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.