MIRA INFORM REPORT

Report Date :

26.12.2011

IDENTIFICATION DETAILS

Name :	LIBERTY VIDEOCON GENERAL INSURANCE COMPANY LIMITED
Registered Office :	221, Fort House, Dr. D. N. Road, Fort, Mumbai – 400 001, Maharashtra
Country :	India
Date of Incorporation :	01.11.2010
Com. Reg. No.:	11-209656
Capital Investment / Paid-up Capital :	Rs.0.500 million
CIN No.: [Company Identification No.]	U66000MH2010PLC209656
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Insurance Activity
No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

B

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

Status :	New Company
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is a joint venture between Liberty Mutual Group, USA and Videocon Group, India. Subject is a new company and yet to establish itself gradually. Trade relations are reported as fair. 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.

INFORMATION DECLINED BY

Name :	Mr. Punit
Designation :	Head of Operation
Contact No.:	91-9987577191
Date :	23.12.2011

LOCATIONS

Registered Office :	221, Fort House, Dr. D. N. Road, Fort, Mumbai – 400 001, Maharashtra, India
Tel. No.:	91-22-66113500
Mobile No.:	91-9987577191 (Mr. Punit)
Fax No.:	Not Available
E-Mail :	secretarial@videoconmail.com

DIRECTORS

Name :

Joe Henry Hamilton

Designation :

Additional Director

Address :

10 Woodway RD, Wellesley 024827020

Date of Birth/Age :

01.07.1954

Date of Appointment :

15.07.2011

DIN No.:

02135200

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	U45400DL2008PLC179214	Jetage Infrastructure Limited	Nominee director	30-09-09	24-07-08	28-10-10	Active	NO
2	U66000MH2010PLC209656	Liberty Videocon General Insurance Company Limited	Additional director	15-07-11	15-07-11	-	Active	NO

Name :

Mr. Saurabh Pradipkumar Dhoot

Designation :

Director

Address :

Dhoot Bunglow, Station Road, Aurangabad – 431 001, Maharashtra, India

Date of Birth/Age :

11.08.1984

Date of Appointment :

01.11.2010

Date of Ceasing :

25.01.2011

DIN No.:

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
52	U64200DL2008PTC177034	Universal Mobile Towers Private Limited	Additional director	18-07-11	18-07-11	28-09-11	Active	NO

Name :

Mr. Atul Ashok Galande

Designation :

Director

Address :

Saumitra, Behind Savedi Naka, Opp. Bhide Hospital, Ahmednagar – 414 003, Maharashtra, India

Date of Birth/Age :

06.05.1966

Date of Appointment :

01.11.2010

Date of Ceasing :

14.12.2010

DIN No.:

00344342

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	U74140PN2004PTC018904	Malhar Consultants Private Limited	Director	12-02-04	12-02-04	-	Active	NO
2	U92100MH2006PTC162926	VC Digital Solutions Private Limited	Director	29-06-06	29-06-06	30-11-10	Active	NO
3	U74140PN2007PTC129638	Northstar Consultants Private Limited	Director	22-02-07	22-02-07	-	Active	NO
4	U11204MH2007PLC171196	Techno Electronics Limited	Director	29-05-07	29-05-07	25-11-10	Active	NO
5	U93090MH2007PTC175860	CapitaReal Trustees Private Limited	Director	12-11-07	12-11-07	01-01-08	Active	YES
6	U93090MH2007PTC175856	CapitaReal Fund Advisory Services Private Limited	Director	12-11-07	12-11-07	01-01-08	Active	YES
7	U67120MH2007PTC175857	CapitaReal Securities Private Limited	Director	12-11-07	12-11-07	27-11-07	Active	YES
8	U93090MH2007PTC175858	CapitaReal Ventures Private Limited	Director	12-11-07	12-11-07	27-11-07	Active	YES
9	U31109MH2008PLC177199	Videocon Semiconductor Limited	Director	01-01-08	01-01-08	01-11-10	Active	NO
10	U51109MH2008PLC177746	Videocon Display Limited	Additional director	28-02-08	11-01-08	01-11-10	Active	NO
11	U45202MH2008PLC177912	Qualcon Infra Limited	Director	18-01-08	18-01-08	01-11-10	Active	NO
12	U11100MH2008PLC179061	Videocon Oil Services Limited	Director	19-02-08	19-02-08	01-11-10	Active	NO
13	U51109MH2008PLC180993	Instant Retail India Limited	Director	09-04-08	09-04-08	01-11-10	Active	NO
14	U74140PN2008PTC131881	Righteous Financial Consultants Private Limited	Director	29-04-08	29-04-08	-	Active	NO
15	U45200MH2007PTC166977	Videocon Realty Private Limited	Director	19-05-08	19-05-08	25-11-10	Active	NO
16	U45201MH2006PTC166382	Videocon SEZ Infrastructures Private Limited	Director	23-04-09	19-05-08	25-11-10	Active	NO
17	U55101MH2008PTC183042	Hubli Hospitality Private Limited	Director	02-06-08	02-06-08	23-04-10	Active	NO
18	U55101MH2008PTC183043	Jalgaon Hospitality Private Limited	Director	02-06-08	02-06-08	01-11-10	Active	NO
19	U55101MH2008PTC183055	Nanded Hospitality Private Limited	Director	02-06-08	02-06-08	01-11-10	Active	NO
20	U55101MH2008PTC183057	Kolhapur Hospitality Private Limited	Director	02-06-08	02-06-08	01-11-10	Active	NO
21	U55101MH2008PTC183041	H1 Hospitality Private Limited	Additional director	16-06-08	16-06-08	01-11-10	Active	NO
22	U92100MH2008PTC184412	Bharat Broadcasting Corporation Private Limited	Director	08-07-08	08-07-08	01-11-10	Active	NO
23	U72200MH2008PLC187148	Videocon Infotel Limited	Director	29-09-08	29-09-08	01-11-10	Active	NO
24	U74999MH2008PTC187149	Elite Electronics Private Limited	Additional director	25-10-08	25-10-08	01-11-10	Active	NO
25	U11204MH2004PLC147217	Sky Appliances Limited	Additional director	23-03-09	23-03-09	25-11-10	Active	NO
26	U51109MH2008PLC188547	Unity Appliances Limited	Additional director	05-09-09	05-09-09	25-11-10	Active	NO
27	U40102MH2007PTC171813	Pipavav Energy Private Limited	Additional director	28-10-09	28-10-09	21-12-09	Active	NO
28	U40105MH2010PLC198384	Videocon Power Ventures Limited	Director	04-01-10	04-01-10	01-11-10	Active	NO
29	U93000MH2010PTC199192	VFIN Consultants Private Limited	Director	21-01-10	21-01-10	-	Active	NO
30	U63090MH2010PLC202993	Velologis-Net India Limited	Director	11-05-10	11-05-10	20-09-10	Active	NO
31	U74900MH2010PTC219681	Yes Financial Consultants Private Limited	Director	19-05-10	19-05-10	-	Active	NO
32	U40105MH2010PLC206928	Spectrum Power Trading Company India Limited	Director	24-08-10	24-08-10	01-11-10	Active	NO
33	U40109MH2010PLC206897	ENRG Trade India Limited	Director	24-08-10	24-08-10	01-11-10	Active	NO
34	U40102MH2010PLC207353	West Bengal Power Ventures Limited	Director	01-09-10	01-09-10	01-11-10	Active	NO
35	U66000MH2010PLC209656	Liberty Videocon General Insurance Company Limited	Director	01-11-10	01-11-10	14-12-10	Active	NO
36	U70109MH2010PTC206935	Sanctum Properties Private Limited	Additional director	01-12-10	01-12-10	-	Active	NO

Name :

Mr. Sunil Ramswaroop Samriya

Designation :

Director

Address :

306, Videocon Complex, Gangapur Gin Compound, Near Dharmik Pariksha Board, Ahmednagar – 414 001, Maharashtra, India

Date of Birth/Age :

17.07.1969

Date of Appointment :

01.11.2010

Date of Ceasing :

14.12.2010

DIN No.:

00310810

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	U29300MH2004PTC145813	Technotrak Engineers Private Limited	Director	20-04-04	20-04-04	-	Strike off	NO
2	U70200MH1995PTC167706	Julietta Properties and Finvest Private Limited	Director	12-12-05	12-12-05	-	Amalgamated	NO
3	U70101MH1994PTC167834	Devant Properties and Investments Private Limited	Director	12-12-05	12-12-05	-	Amalgamated	NO
4	U40300MH2010PLC206867	Kail Power Limited	Director	23-08-10	23-08-10	05-11-11	Active	NO
5	U40300MH2010PLC206868	Kail Power and Steel Limited	Director	23-08-10	23-08-10	05-11-11	Active	NO
6	U74120MH2010PLC206993	Kail Steel Limited	Director	25-08-10	25-08-10	05-11-11	Active	NO
7	U66000MH2010PLC209656	Liberty Videocon General Insurance Company Limited	Director	01-11-10	01-11-10	14-12-10	Active	NO

KEY EXECUTIVES

Name :	Mr. Punit
Designation :	Head of Operation
E-Mail :	punit.pasricha@libertyinternational.com

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

Names of Shareholders	No. of Shares
Saurabh Pradipkumar Dhoot	49940
Atul Ashok Galande	10
Sunil Ramswaroop Samriya	10
Vasant Sheshrao Kakade	10
Vilas Rambhau Salunke	10
Siddharth Madhusudan Somani	10
Nikhil Chandrashekhar Yadkikar	10
Total	50000

BUSINESS DETAILS

Line of Business :

Insurance Activity

GENERAL INFORMATION

No. of Employees :	Information declined by the management
Bankers :	Not Available

Banking Relations :	--
Auditors :	Not Available

CAPITAL STRUCTURE

Authorised Capital :

No. of Shares	Type	Value	Amount
5000000	Equity Shares	Rs.10/- each	Rs.50.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
50000	Equity Shares	Rs.10/- each	Rs.0.500 million

FINANCIAL DATA

[all figures are in Rupees Millions]

NEW COMPANY

LOCAL AGENCY FURTHER INFORMATION

NIL

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 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.53.03
UK Pound	1	Rs.82.34
Euro	1	Rs.69.00

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.