1. Summary Information

		Country	India
Company Name	PALLAVI MARKETING PRIVATE LIMITED	Principal Name 1	Mr. Shambhu Dayal Agrawal
Status	Satisfactory	Principal Name 2	Mr. Shyam Lohia
		Registration #	03-007469
Street Address	6 and 7 Ground Floor, Ashoka Place, Exbition Road, Patna – 800 001, Bihar, India
Established Date	18.09.1996	SIC Code	--
Telephone#	--	Business Style 1	Trader
Fax #	--	Business Style 2	--
Homepage	--	Product Name 1	TV Sets
# of employees	17 (Approximatley)	Product Name 2	Washing Machines
Paid up capital	Rs. 6,830,000/-	Product Name 3	Refrigerators
Shareholders	Bodies corporate (45.00%) Directors or relatives of directors (50.00%) Other top fifty (50) shareholders (5.00%)	Banking	State Bank of India
Public Limited Corp.	NO	Business Period	15 Years
IPO	NO	International Ins.	-
Public Enterprise	NO	Rating	Ba (45)
Related Company
Relation	Country	Company Name	CEO
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2010		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	25,202,000	Current Liabilities	3,582,000
Inventories	7,234,000	Long-term Liabilities	6,741,000
Fixed Assets	2,466,000	Other Liabilities	95,000
Deferred Assets	--	Total Liabilities	10,418,000
Invest& other Assets	--	Retained Earnings	17,604,000
		Net Worth	24,484,000
Total Assets	34,902,000	Total Liab. & Equity	34,902,000
Total Assets (Previous Year)	33,146,000
P/L Statement as of	31.03.2010		(Unit: Indian Rs.)
Sales	--	Net Profit	801,000
Sales(Previous yr)	--	Net Profit(Prev.yr)	769,000

MIRA INFORM REPORT

Report Date :

19.03.2011

IDENTIFICATION DETAILS

Name :	PALLAVI MARKETING PRIVATE LIMITED
Registered Office :	6 and 7 Ground Floor, Ashoka Place, Exbition Road, Patna – 800 001, Bihar
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	18.09.1996
Com. Reg. No.:	03-007469
CIN No.: [Company Identification No.]	U51505BR1996PTC007469
TAN No.: [Tax Deduction & Collection Account No.]	PTNP00130E
PAN No.: [Permanent Account No.]	AABCP3711F
Legal Form :	Private Limited Liability Company
Line of Business :	Trading of TV Sets, Washing Machines, Refrigerators and Franchisee of Air Hostess Academy.

RATING & COMMENTS

MIRA’s Rating :

Ba (45)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.		Satisfactory

Maximum Credit Limit :	USD 97000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is a well-established company having satisfactory track. Trade relations are reported as fair. Payments are usually correct and as per commitments. The company can be considered normal for business dealings at usual trade terms and conditions.

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

LOCATIONS

Registered Office :	6 and 7 Ground Floor, Ashoka Place, Exbition Road, Patna – 800 001, Bihar, India
E-Mail :	babasamsung@yahoo.com
Corporate Office :	8, Aditya Arcade, Exhibition Road, Patna, Bihar – 800001, India
Tel. No.:	91-612-2321764 / 1461
Fax No.:	91-612-2321464

DIRECTORS

As On : 30.09.2010

Name :	Mr. Shyam Lohia
Designation :	Director
Address :	2 A, E Block, Pusp Vihar, Exhibition Road, Patna – 800 001, Bihar, India
Date of Birth/Age :	15.05.1961
Qualification :	Graduate
Date of Appointment :	18.09.2006
DIN No :	01659042
Name :	Mr. Shambhu Dayal Agrawal
Designation :	Director
Address :	Dwarka Kunj Road, No. 12, Rajendra Nagar, Patna – 800 016, Bihar, India
Date of Birth/Age :	26.10.1951
Qualification :	Graduate
Date of Appointment :	18.09.1996
DIN No :	01664857
Name :	Mr. Ajay Kumar Agrawal
Designation :	Director
Address :	Dwarka Kunj Road No. 12, Rajendra Nagar, Patana, Bihar – 800 016, India
Date of Birth/Age :	06.06.1969
Date of Appointment :	02.01.2001
DIN No :	01717459
Name :	Mrs. Shakuntala Devi Lohia
Designation :	Director
Address :	2 A, E Block, Pusp Vihar, Exhibition Road, Patna – 800 001, Bihar, India
Date of Birth/Age :	15.08.1966
Date of Appointment :	04.08.2006
Name :	Mrs. Sushila Devi Agrawal
Designation :	Director
Address :	4, Rajendra Nagar Road, No. 12, Patna – 800 016, Bihar, India
Date of Birth/Age :	18.06.1951
Date of Appointment :	28.07.2000
DIN No :	01717470
Name :	Ms. Dimple Agrawal
Designation :	Director
Address :	4, Rajendra Nagar Road, No. 12, Patna – 800 016, Bihar, India
Date of Birth/Age :	19.05.1977
Date of Appointment :	02.01.2001

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2010

Names of Shareholders	No. of Shares
Shambhu Dayal Agrawal	99200
Shyam Lohia	155000
Srivaishnavi Agro Industries Private Limited, India	50000
Intergral Trade and Commerce Private Limited, India	50000
Sangeeta Mishra	2000
Durga Shankar Mishra	2000
Bimal Goenka	2000
Rekha Goenka	2000
Dilip Goenka	2000
Nageshwar Singh	2000
Prabhakar Palibar	4000
Arun Kumar	4000
Shyam Sah	2000
Laxman Rai	2000
Mahendra Sah	2000
Pawan Kalyani	2000
Ajay Kumar Agarawal	20000
Sushila Devi Agarawal	34100
Deepak Agarawal	100
Runjhun Agarawal	100
Sanjay Agarawal	100
Anita Agarawal	200
Sudha Agarawal	200
Babita Agarawal	200
Kavita Agarawal	100
Sunita Agarawal	200
Ruchi Agarawal	100
Rajani Agarawal	100
Kanta Devi Agarawal	200
Piyush Agarawal	100
Sadgi Commercial and Finance Private Limited, India	10000
Pioneer Zeepars Private Limited, India	10000
Hovex Vinimay Private Limited, India	10000
Eskay Business Private Limited, India	6000
Sukumar Mandal	2000
Sarla Agarawal	1000
Deepak Agarawal	2000
Omni Associates Private Limited, India	8000
Sadashiv Stock and Shares Private Limited, India	10000
Sahri Kahri Investments Private Limited, India	10000
Softgate Technologies Private Limited, India	14000
NEPC Industries Limited, India	16000
Time Computech Services Limited, India	16000
Rajkosh Trexim Private Limited, India	10000
Rajesh Importers Private Limited, India	20000
Synoy Marketing Private Limited, India	20000
Basil Tracon Private Limited, India	10000
Matcab Finance Private Limited, India	10000
Anubhuti Vanijay Private Limited, India	32000
Inprove Financial Consultants Private Limited, India	28000
Total	683000

AS ON 30.09.2010

Equity Share Breakup		Percentage of Holding
Category
Bodies corporate		50.00
Directors or relatives of directors		45.00
Other top fifty shareholders		5.00
	Total	100.00

BUSINESS DETAILS

Line of Business :	Trading of TV Sets, Washing Machines, Refrigerators and Franchisee of Air Hostess Academy.
Agencies Held :	Samsung India Electronics Limited

GENERAL INFORMATION

No. of Employees :

17 (Approximately)

Bankers :

· State Bank of India, Specialised Commercial Branch, Dak Bunglow Road, Patna – 800 001, Bihar, India

Facilities :

SECURED LOAN	31.03.2010 Rs. In Millions	31.03.2009 Rs. In Millions
From State Bank of India, Special Commercial Branch, DB Road, Patna, C. C. A/C. (Against hypothecation of stock and book debts)	2.683	2.471
State Bank of India Term Loan	0.000	1.626
Total	2.683	4.097
UNSECURED LOAN	31.03.2010 Rs. In Millions	31.03.2009 Rs. In Millions
From Directors	2.873	3.037
From Shareholders	1.185	1.185
Total	4.058	4.222

Banking Relations :	--
Auditors :
Name :	Singhania Agrawal and Company Chartered Accountant
Address :	411, N P Centre, New Dak Bunglow Road, Patna – 800 001, Bihar, India

CAPITAL STRUCTURE

As On : 31.03.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
700000	Equity Shares	Rs. 10/- each	Rs. 7.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
683000	Equity Shares	Rs. 10/- each	Rs. 6.830 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		6.830	6.230	5.630
2] Share Application Money		0.050	0.050	0.050
3] Reserves & Surplus		17.604	14.403	11.234
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		24.484	20.683	16.914
LOAN FUNDS
1] Secured Loans		2.683	4.097	9.859
2] Unsecured Loans		4.058	4.222	8.871
TOTAL BORROWING		6.741	8.319	18.730
DEFERRED TAX LIABILITIES		0.095	0.024	0.000
TOTAL		31.320	29.026	35.644
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		2.466	2.896	0.888
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		0.000	0.000	0.080
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	7.234	8.701	11.376
	Sundry Debtors	15.402	7.414	16.648
	Cash & Bank Balances	4.456	5.005	0.853
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	5.344	7.045	7.339
Total Current Assets		32.436	28.165	36.216
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.115	0.107	0.126
	Other Current Liabilities	1.112	0.086	0.027
	Provisions	2.355	1.842	1.387
Total Current Liabilities		3.582	2.035	1.540
Net Current Assets		28.854	26.130	34.676
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		31.320	29.026	35.644

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008
	SALES
		Income	6.450	7.351	7.051
		Other Income
		TOTAL (A)	6.450	7.351	7.051
Less	EXPENSES
		Office Expenses
		Administrative Expenses	3.629	4.235	4.108
		Advertising Expenses
		TOTAL (B)	3.629	4.235	4.108
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		2.821	3.116	2.943
Less	FINANCIAL EXPENSES (D)		0.808	1.119	1.165
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		2.013	1.997	1.778
Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.628	0.638	0.222
	PROFIT BEFORE TAX (E-F) (G)		1.385	1.359	1.556
Less	TAX (H)		0.584	0.590	0.507
	PROFIT AFTER TAX (G-H) (I)		0.801	0.769	1.049
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		7.003	6.234	5.185
	BALANCE CARRIED TO THE B/S		7.084	7.003	6.234
	Earnings Per Share (Rs.)		1.42	1.36	1.86

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
Return on Total Assets (PBT/Total Assets}	(%)	3.97	4.38	4.19
Return on Investment (ROI) (PBT/Networth)		0.06	0.07	0.09
Debt Equity Ratio (Total Liability/Networth)		0.43	0.50	1.20
Current Ratio (Current Asset/Current Liability)		9.05	13.84	23.52

LOCAL AGENCY FURTHER INFORMATION

FORM 8

Corporate identity number of the company	U51505BR1996PTC007469
Name of the company	PALLAVI MARKETING PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	6 and 7 Ground Floor, Ashoka Place, Exbition Road, Patna – 800 001, Bihar, India
This form is for	Modification of charge
Type of charge	· Book debts · Movable property (not being pledge) · Others o Stocks
Particular of charge holder	State Bank of India Specialized Commercial Branch, Dak Bunglow Road, Patna – 800 001, Bihar, India
Nature of instrument creating charge	Fund based Limit Cash Credit (Stock) Rs.5.000 millions Cash Credit (Book Debts) Rs.4.000 millions Stand by Line of Credit (FB) Rs.1.350 millions Total Fund Based Limits Rs.10.350 millions Non Fund based Limit Bank Guarantee Rs.0.500 million Total Non Fund based Limit Rs.0.500 million Total overall Limit Rs.10.850 millions
Date of instrument Creating the charge	10.10.2007
Amount secured by the charge	Rs.10.850 millions
Brief of the principal terms an conditions and extent and operation of the charge	· Rate of interest Working Capital Interest at 1.50% above SBAR with a minimum of 14.25% p.a., rising of falling therewith, ondaily products with monthly rates. Present effective rate 14.25% p.a. Wherever expendent, interest rate is directly linked to the Credit Risk Assessment of the borrower. · Terms of repayment Repayable on demand · Margin Fund based Limit Finished Gods – 30% · Non based Fund Bank Guarantee – 25% · Extent and operation of the charge As per Bank Demand
Particulars of the property charged	· EQM of Landed properties at Dariyapur Patna, Plot No. 17/A, Area 166 H2 vide sale deed no. 695 dated 29.01.1988 in the Name of Mrs. K D Agrawal and Mr. S D Agrawal. · EQM on Shop No. 8, Aditya Arcade, Exhibition Road, Patna, Area 265H2 in the Name of Mr. Shyam Lohia vide Original sale deed No. 2468 dated 09.05.1995.

Fixed Assets

· Furniture and Fixture

· Plant and Machinery

· Car

· Telecom Equipment

· Delivery Van

· Computer

· Motor Cycle

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.45.15
UK Pound	1	Rs.72.58
Euro	1	Rs.62.95

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	4
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	5
--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	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		45

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.