MIRA INFORM REPORT

Report Date :

22.07.2011

IDENTIFICATION DETAILS

Name :	EMC SOLUTIONS WORLDWIDE PRIVATE LIMITED
Registered Office :	Flat No.188, 1^st Floor, Lalit Kutir Cooperative Housing Society Limited, Gulmohar Cross Road No.9, Juhu Scheme, Mumbai-400049, Maharashtra
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	10.12.2009
Com. Reg. No.:	11.197766
Capital Investment / Paid-up Capital :	Rs. 1.000 million
CIN No.: [Company Identification No.]	U74900MH2009PTC197766
TAN No.: [Tax Deduction & Collection Account No.]	MUME07961C
Legal Form :	Private Limited Liability Company
Line of Business :	Company is multimedia, consulting, advertising service agency.
No. of Employees :	20 (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 8000
Status :	New Company
Payment Behaviour :	Slow But Correct
Litigation :	Clear
Comments :	Subject is a new company establishing itself gradually. Trade relations are reported as fair. Business is active. Payments are reported to be slow but correct. 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

Name :	Mr. Chirag
Designation :	Finance Department
Date :	22.07.2011

LOCATIONS

Registered Office :	Flat No.188, 1^st Floor, Lalit Kutir Cooperative Housing Society Limited, Gulmohar Cross Road No.9, Juhu Scheme, Mumbai-400049, Maharashtra, India
Tel. No.:	91-22-33410505
Mobile No.:	91-9892424935 (Mr. Pravin Tak)
Fax No.:	91-22-33410510
E-Mail :	emcworldwide@gmail.com

DIRECTORS

AS ON 30.12.2010

Name :	Mr. Maneesh Dineshprasad Mathur
Designation :	Director
Address :	103, 104 A Wing, 1^st Floor, Hira Dham Sundervan Complex, Close to Sab TV, Andheri (West), Mumbai-400053, Maharashtra, India
Date of Birth/Age :	10.05.1975
Date of Appointment :	10.12.2009
DIN No :	02747693
Name :	Mr. Navin Karmashi Shah
Designation :	Director
Address :	6 FL RM 62, Purshottam Towers B, Gokhale Road, Mumbai-400028, Maharashtra, India
Date of Birth/Age :	26.08.1972
Date of Appointment :	10.12.2009
DIN No :	02748063
Name :	Ms. Bhavna Navin Shah
Designation :	Director
Address :	6 FL RM 62, Purshottam Towers B, Gokhale Road, Mumbai-400028, Maharashtra, India
Date of Birth/Age :	04.07.1974
Date of Appointment :	14.04.2010
DIN No :	03019221
Name :	Ms. Ranjinee Subhas Pramanik
Designation :	Director
Address :	103, 104 A Wing, 1^st Floor, Hira Dham Sundervan Complex, Close to Sab TV, Andheri (West), Mumbai-400053, Maharashtra, India
Date of Birth/Age :	09.10.1975
Date of Appointment :	14.04.2010
DIN No :	03033506

KEY EXECUTIVES

Name :	Mr. Chirag
Designation :	Finance Department

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.12.2010

Names of Shareholders	No. of Shares
Navin Shah	35000
Maneesh Mathur	35000
Bhavna Navin Shah	15000
Rajinee Subhas Pramanik	15000
Total	100000

AS ON 31.12.2010

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Company is multimedia, consulting, advertising service agency.
Terms :
Selling :	Cash
Purchasing :	Cash

GENERAL INFORMATION

Customers :

· Others

· Corporate

No. of Employees :

20 (Approximately)

Bankers :

· HDFC Bank, juhu Branch, Mumbai, Maharashtra, India

Facilities :

Unsecured Loan	Rs. In Millions 31.03.2010
From Directors
Mahesh Mathur	0.320
Navin Shah	0.174
Total	0.494

Banking Relations :	--
Auditors :
Name :	K P B and Associates Chartered Accountant
Address :	208, Dalamal Chambers, 17, New Marine Lines, Mumbai-400020, Maharashtra, India

CAPITAL STRUCTURE

AS ON 31.03.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
500000	Equity Shares	Rs.10/- each	Rs. 5.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
100000	Equity Shares	Rs.10/- each	Rs. 1.000 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		1.000
2] Share Application Money		0.000
3] Reserves & Surplus		1.212
4] (Accumulated Losses)		0.000
NETWORTH		2.212
LOAN FUNDS
1] Secured Loans		0.000
2] Unsecured Loans		0.494
TOTAL BORROWING		0.494
DEFERRED TAX LIABILITIES		0.020
TOTAL		2.726
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.385
Capital work-in-progress		0.000
INVESTMENT		0.252
DEFERREX TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000
	Sundry Debtors	9.192
	Cash & Bank Balances	5.370
	Other Current Assets	1.706
	Loans & Advances	0.000
Total Current Assets		16.268
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	13.446
	Other Current Liabilities	0.320
	Provisions	0.535
Total Current Liabilities		14.301
Net Current Assets		1.967
MISCELLANEOUS EXPENSES		0.122
TOTAL		2.726

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010
	SALES
		Income	30.771
		Other Income	0.018
		TOTAL (A)	30.789
Less	EXPENSES
		Cost of Operations	27.456
		Employees remuneration and benefits	0.627
		Administrative Expenses	0.890
		Miscellaneous Expenses W/OFF	0.014
		TOTAL (B)	28.987
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		1.802
Less	FINANCIAL EXPENSES (D)		0.000
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		1.802
Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.035
	PROFIT BEFORE TAX (E-F) (G)		1.767
Less	TAX (I)		0.555
	PROFIT AFTER TAX (G-I) (J)		1.212
	BALANCE CARRIED TO THE B/S		1.212
	Earnings Per Share (Rs.)		12.12

Particulars	31.03.2011
Sales Turnover (Approximately)	80.000

The above information has been parted by Mr. Chirag.

KEY RATIOS

PARTICULARS		31.03.2010
PAT / Total Income	(%)	3.94
Net Profit Margin (PBT/Sales)	(%)	5.74
Return on Total Assets (PBT/Total Assets}	(%)	10.61
Return on Investment (ROI) (PBT/Networth)		0.80
Debt Equity Ratio (Total Liability/Networth)		6.70
Current Ratio (Current Asset/Current Liability)		1.14

LOCAL AGENCY FURTHER INFORMATION

SUNDRY CREDITORS DETAILS

(Rs. in millions)

SOURCES OF FUNDS	31.03.2010
Sundry Creditors	13.446

SUNDRY CREDITORS PARTIAL DETAILS

(Rs. in millions)

SOURCES OF FUNDS	31.03.2010
Sundry Creditors
Crystal chill zone	0.014
Channel V Music Networks	0.035
Happenings	0.110
Keshav Impex	0.252
Integrid Media	2.629
TAM Media Research Private Limited	0.019
Television Eighteen India Limited	0.404
Mandira A Mehra	0.013
Fox Star Studio India Private Limited	0.702
Zee Entertainment Enterprises Limited	0.255
Reliance Communication	0.001

Note:

The registered office address of the company has been shifted from 62 B, Purshottam Tower, Off Gokhale Road, Dadar (West), Mumbai- 400028, Maharashtra, India to present w.e.f. 10.12.2009

WORKING OF THE COMPANY

The Company was incorporated on January 10 December 2009. However during the period, Company has generated income of Rs.30.770 millions from its operations.

FIXED ASSETS

· Air Conditioner

· Television

· Computer Software

· Printer

· Furniture and Fittings

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. 44.43
UK Pound	1	Rs.71.89
Euro	1	Rs.63.41

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--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	NO
--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.