MIRA INFORM REPORT

Report Date :

07.03.2011

IDENTIFICATION DETAILS

Name :	PREETI TRADING CORPORATION
Registered Office :	2, Vakil Building, 1, A G Street, Near Laxmi Baug Hall, Opera House, Mumbai – 400004, Maharashtra
Country :	India
Financials (as on) :	31.03.2006
Date of Incorporation :	2000
TAN No.: [Tax Deduction & Collection Account No.]	MUMP19113D
PAN No.: [Permanent Account No.]	AAFFP8957J
Legal Form :	Partnership concern with an unlimited liability of the partners.
Line of Business :	Distributor and Importer of Car Audio and Home Audio.

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
Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is an established partnership concern having moderate track. Mrs. Komal Accounts Provided to us the general information and denied to disclose financial details. Trade relations are reported as fair. Business is active. Payments terms are unknown. The concern can be considered for business dealings with some cautions.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – April 1, 2010

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

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

INFORMATION PARTED BY (GENERAL DETAILS)

Name :	Mrs. Komal
Designation :	Accounts Department
Date :	05.03.2011

LOCATIONS

Registered Office / Head Office :	2, Vakil Building, 1, A G Street, Near Laxmi Baug Hall, Opera House, Mumbai – 400004, Maharashtra, India
Tel. No.:	91-22-23859820
Fax No.:	91-22-66348194 / 26108821 / 26046963
E-Mail :	kamaldhingreja@hotmail.com sales@ptchifi.com support@ptchifi.com
Website :	http://www.ptchifidelity.com / http://www.ptchifi.com
Location :	Owned
Sales and Administrative office :	No. 3, Subhangini Building, Milan Subway Road, Santacruz [West], Mumbai – 400054
Branches :	Located at Bangalore and Chennai

SOLE PROPRIETOR/PARTNERS/DIRECTORS

AS ON

Name :

Designation :

Address :

Date of Birth/Age :

Qualification :

Experience :

Date of Appointment :

Name :

Designation :

Address :

Date of Birth/Age :

Qualification :

Experience :

Date of Appointment :

Name :

Designation :

Address :

Date of Birth/Age :

Qualification :

Experience :

Date of Appointment :

Name :

Designation :

Address :

Date of Birth/Age :

Qualification :

Experience :

Date of Appointment :

Name :

Designation :

Address :

Date of Birth/Age :

Qualification :

Experience :

Date of Appointment :

KEY EXECUTIVES

Name :

Designation :

Address :

Date of Birth/Age :

Qualification :

Experience :

Date of Appointment :

Name :

Designation :

Address :

Date of Birth/Age :

Qualification :

Experience :

Date of Appointment :

Name :

Designation :

Address :

Date of Birth/Age :

Qualification :

Experience :

Date of Appointment :

Name :

Designation :

Address :

Date of Birth/Age :

Qualification :

Experience :

Date of Appointment :

Name :

Designation :

Address :

Date of Birth/Age :

Qualification :

Experience :

Date of Appointment :

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON

Names of Shareholders

No. of Shares

AS ON

Category	Percentage
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others
Bodies corporate
Directors or relatives of Directors
Other top fifty shareholders
Total	100.00

BUSINESS DETAILS

Line of Business :
Products :
Brand Names :
Agencies Held :
Exports :
Products :
Countries :
Imports :
Products :
Countries :
Terms :
Selling :	L/C, Cash, Credit (30 days, 60 days, 90 days)
Purchasing :	L/C, Cash, Credit (30 days, 60 days, 90 days)

PRODUCTION STATUS AS ON

Particulars

Unit

Licensed Capacity

Installed Capacity

Actual Production

GENERAL INFORMATION

Suppliers :

Customers :

No. of Employees :

Bankers :

Facilities :

Secured Loan	Rs. In Millions 31.03.2010	Rs. In Millions 31.03.2009
Total
Unsecured Loan	Rs. In Millions 31.03.2010	Rs. In Millions 31.03.2009
Total

Banking Relations :
Auditors :
Name :	Chartered Accountant
Address :
Tel. No.:
Mobile No.:
Fax No.:
E-Mail :
Memberships :
Collaborators :
Associates/Subsidiaries :

CAPITAL STRUCTURE

AS ON

Authorised Capital :

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

Issued, Subscribed & Paid-up Capital :

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

Capital Investment :
Owned :	Rs. Millions
Borrowed :	--
Total :	Rs. Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

Particulars	31.03.2010	31.03.2009
Sales Turnover
Profit/Loss for the year
Export Value
Import Value

Expected Sales (2010-2011) : Rs.

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2009	31.03.2008	31.03.2007
SHAREHOLDERS FUNDS
1] Share Capital
2] Share Application Money
3] Reserves & Surplus
4] (Accumulated Losses)
NETWORTH
LOAN FUNDS
1] Secured Loans
2] Unsecured Loans
TOTAL BORROWING
DEFERRED TAX LIABILITIES
TOTAL
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]
Capital work-in-progress
INVESTMENT
DEFERREX TAX ASSETS
CURRENT ASSETS, LOANS & ADVANCES
	Inventories
	Sundry Debtors
	Cash & Bank Balances
	Other Current Assets
	Loans & Advances
Total Current Assets
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors
	Other Current Liabilities
	Provisions
Total Current Liabilities
Net Current Assets
MISCELLANEOUS EXPENSES
TOTAL

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2009	31.03.2008	31.03.2007
	SALES
		Income
		Other Income
		TOTAL (A)
Less	EXPENSES
		Office Expenses
		Administrative Expenses
		Advertising Expenses
		TOTAL (B)
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)
Less	FINANCIAL EXPENSES (D)
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)
Less/ Add	DEPRECIATION/ AMORTISATION (F)
	PROFIT BEFORE TAX (E-F) (G)
Less	TAX (I)
	PROFIT AFTER TAX (G-I) (J)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD
Less	APPROPRIATIONS
		Transfer to General Reserve
		Dividend
		Tax on Dividend
	BALANCE CARRIED TO THE B/S
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings
		Commission Earnings
		Other Earnings
	TOTAL EARNINGS
	IMPORTS
		Raw Materials
		Stores & Spares
		Capital Goods
		Others
	TOTAL IMPORTS
	Earnings Per Share (Rs.)

QUARTERLY / SUMMARISED RESULTS

PARTICULARS	30.06.2010	30.09.2010	31.12.2010
Type	1^st Quarter	2^nd Quarter	3^rd Quarter
Sales Turnover
Total Expenditure
PBIDT (Excl OI)
Other Income
Operating Profit
Interest
Exceptional Items
PBDT
Depreciation
Profit Before Tax
Tax
Reported PAT
Extraordinary Items
Prior Period Expenses
Other Adjustments
Net Profit

KEY RATIOS

PARTICULARS		31.03.2009	31.03.2008	31.03.2007
PAT / Total Income	(%)
Net Profit Margin (PBT/Sales)	(%)
Return on Total Assets (PBT/Total Assets}	(%)
Return on Investment (ROI) (PBT/Networth)
Debt Equity Ratio (Total Liability/Networth)
Current Ratio (Current Asset/Current Liability)

LOCAL AGENCY FURTHER INFORMATION

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.
UK Pound	1	Rs.
Euro	1	Rs.

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10
PAID-UP CAPITAL	1~10
OPERATING SCALE	1~10
FINANCIAL CONDITION
--BUSINESS SCALE	1~10
--PROFITABILIRY	1~10
--LIQUIDITY	1~10
--LEVERAGE	1~10
--RESERVES	1~10
--CREDIT LINES	1~10
--MARGINS	-5~5
DEMERIT POINTS
--BANK CHARGES	YES/NO
--LITIGATION	YES/NO
--OTHER ADVERSE INFORMATION	YES/NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO
--EXPORT ACTIVITIES	YES/NO
--AFFILIATION	YES/NO
--LISTED	YES/NO
--OTHER MERIT FACTORS	YES/NO
TOTAL

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.