MIRA INFORM REPORT

Report Date :

19.10.2011

IDENTIFICATION DETAILS

Name :	GLOBAL CRICKET VENTURES (INDIA) PRIVATE LIMITED
Registered Office :	6^th Floor, Office No. 63, Free Press House Limited, 215 Nariman Point, Mumbai-400021, Maharashtra
Country :	India
Financials (as on) :	31.12.2010
Date of Incorporation :	29.10.2009
Com. Reg. No.:	11-196769
Capital Investment / Paid-up Capital :	Rs.0.441 Million
CIN No.: [Company Identification No.]	U74990MH2009FTC196769
TAN No.: [Tax Deduction & Collection Account No.]	MUMG14906D
PAN No.: [Permanent Account No.]	AADCG6116F
Legal Form :	Private Limited Liability Company
Line of Business :	To carry on the business of on-line and of off-line media by aggregating all forms of media rights associated with sports, films, entertainment and providing value added media experience both directly to consumers and through partnerships, using all platforms of communication and using all forms of technology to engaged with consumers, including but not be limited to the internet, mobile, print, broadcast and radio.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

C

RATING		STATUS	PROPOSED CREDIT LINE
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended

Status :	Under process of striking off
Payment Behaviour :	Unknown
Litigation :	--
Comments :	Subject is a new company as per government, the status of the company shown as ‘under process of striking off’. No further information could be made available. Payments are unknown. The company can be considered for business dealings on a safe and secured trade terms and conditions, initially.

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 – September 30, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
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^th Floor, Office No. 63, Free Press House Limited, 215 Nariman Point, Mumbai-400021, Maharashtra, India
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	ajain@elephantcapital.com

DIRECTORS

As on 01.03.2011

Name :

Mr. Sanjeev Madan Lal Kathuria

Designation :

Additional Director

Address :

Su-169, Vishakha Enclave, Pitam Pura, New Delhi-110034, India

Date of Birth/Age :

14.12.1968

Date of Appointment :

23.07.2010

Din No.:

03202734

Name :

Mr. Gaurav Vivek Chand Burman

Designation :

Director

Address :

Flat B, 44 Mount Street, London WIK2RY

Date of Birth/Age :

16.01.1972

Date of Appointment :

29.10.2009

Din No.:

01870814

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	U74140DL2006PTC185506	ELEPHANT INDIA ADVISORS PRIVATE LIMITED	Director	26-09-07	30-03-07	-	Active	NO
2	U65923DL2006PTC151284	PROMETHEAN INDIA FINANCE PRIVATE LIMITED	Director	26-09-07	07-05-07	29-01-09	Active	NO
3	L26920MH1966PLC016547	NITCO LIMITED	Director	11-12-07	24-10-07	-	Active	NO
4	U65929DL2008PTC174436	G.B. FINVEST PRIVATE LIMITED	Director	22-08-08	25-02-08	15-01-09	Amalgamated	NO
5	U45400DL2008PLC179214	JETAGE INFRASTRUCTURE LIMITED	Nominee director	30-09-09	24-07-08	-	Active	NO
6	U67120DL1978PTC167481	WINDY INVESTMENTS PRIVATE LIMITED	Director	30-09-08	11-08-08	-	Active	NO
7	U74899DL1979ULT021611	A.CEE ENTERPRISES (A PRIVATE COMPANY WITH UNLIMITED LIABILITY)	Director	30-09-09	01-12-08	-	Active	NO
8	U74899DL1984PTC019523	ELEPHANT INDIA FINANCE PRIVATE LIMITED	Director	25-09-09	15-04-09	-	Active	NO
9	U74990MH2009FTC196769	GLOBAL CRICKET VENTURES (INDIA) PRIVATE LIMITED	Director	29-10-09	29-10-09	-	Under Process of Striking off	NO
10	U51396MH1980PTC023421	AMAR CHITRA KATHA PRIVATE LIMITED	Director	24-09-10	15-06-10	-	Active	NO
11	U92190MH2008PTC187450	ACK EDUTAINMENT PRIVATE LIMITED	Director	22-07-11	17-01-11	-	Active	NO
12	U65923DL2011PTC217040	WINDY FINVEST PRIVATE LIMITED	Director	05-04-11	05-04-11	-	Active	NO
13	U74999DL2011PTC218332	MG BURMANS CAPITAL ADVISORS PRIVATE LIMITED	Director	29-04-11	29-04-11	-	Active	NO
14	U67120MH1996PLC192090	FUTURE VENTURES INDIA LIMITED	Director	23-09-11	16-07-11	-	Active	NO

Name :

Mr. Amit Parduman Singh Jain

Designation :

Director

Address :

65/22, New Rohtak Road, Karol Bagh, New Delhi-110005, India

Date of Birth/Age :

19.05.1975

Date of Appointment :

29.10.2009

Din No.:

02568767

Other Directorship:

S. No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U74990MH2009FTC196769	GLOBAL CRICKET VENTURES (INDIA) PRIVATE LIMITED	Director	29-10-09	29-10-09	Under Process of Striking off	NO
2	U51396MH1980PTC023421	AMAR CHITRA KATHA PRIVATE LIMITED	Director	24-09-10	15-06-10	Active	NO
3	U92100MH2008PTC187045	IDEAS BOX ENTERTAINMENT PRIVATE LIMITED	Director	24-09-10	25-06-10	Active	NO
4	U92190MH2008PTC187450	ACK EDUTAINMENT PRIVATE LIMITED	Director	24-09-10	25-06-10	Active	NO
5	U99999MH1980PTC023420	I B H BOOKS AND MAGAZINES DISTRIBUTORS PRIVATE LIMITED	Director	24-09-10	25-06-10	Active	NO
6	U93000KA2004PTC034869	ACK MEDIA DIRECT PRIVATE LIMITED	Director	25-09-10	25-06-10	Active	NO
7	U22211MH2011PTC215430	ACK EAGLEMOSS COLLECTIBLES PUBLISHING PRIVATE LIMITED	Director	20-07-11	20-07-11	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 01.03.2011

Names of Shareholders	Address of Shareholders	No. of Shares
Global Cricket Ventures Limited	4^th Floor, Ebene Skies Rue De’l Institute, Ebene, Mauritius	44129
Amit Jain	65/22 New Rohtak Road, Karol Bagh, New Delhi-110005, India	1
Total		44130

As on 01.03.2011

Equity Share Breakup	Percentage of Holding
Category
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others]	100.00

BUSINESS DETAILS

Line of Business :

To carry on the business of on-line and of off-line media by aggregating all forms of media rights associated with sports, films, entertainment and providing value added media experience both directly to consumers and through partnerships, using all platforms of communication and using all forms of technology to engaged with consumers, including but not be limited to the internet, mobile, print, broadcast and radio.

GENERAL INFORMATION

Bankers :

Not Available

Banking Relations :	--
Auditors :
Name :	Jhalani and Company Chartered Accountants
Address :	190 SFS Flats, Hauz Khas, New Delhi-110016, India
Pan No.:	AABFJ7623H
Holding Company:	Global Cricket Ventures Limited, Mauritius

CAPITAL STRUCTURE

As on 31.12.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
1000000	Equity Shares	Rs.10/- each	Rs.10.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
44130	Equity Shares	Rs.10/- each	Rs.0.441 Million

Note: The entire share capital is held by holding company Global Cricket Ventures Limited, Mauritius and its nominee.

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.12.2010
SHAREHOLDERS FUNDS
1] Share Capital		0.441
2] Share Application Money		0.000
3] Reserves & Surplus		0.000
4] (Accumulated Losses)		(0.441)
NETWORTH		0.000
LOAN FUNDS
1] Secured Loans		0.000
2] Unsecured Loans		0.000
TOTAL BORROWING		0.000
DEFERRED TAX LIABILITIES		0.000
TOTAL		0.000
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.000
Capital work-in-progress		0.000
INVESTMENT		0.000
DEFERREX TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000
	Sundry Debtors	0.000
	Cash & Bank Balances	0.000
	Other Current Assets	0.000
	Loans & Advances	0.000
Total Current Assets		0.000
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.000
	Other Current Liabilities	0.000
	Provisions	0.000
Total Current Liabilities		0.000
Net Current Assets		0.000
MISCELLANEOUS EXPENSES		0.000
TOTAL		0.000

KEY RATIOS

PARTICULARS	31.12.2010
Debt Equity Ratio (Total Liability/Networth)	0.00
Current Ratio (Current Asset/Current Liability)	0.00

LOCAL AGENCY FURTHER INFORMATION

FINANCIAL RESULTS:

During the period from 29^th October, 2009 to 31^st December, 2010, the company did not earn any income and incurred certain administrative expenses. Therefore, company has shown a net loss of Rs.0.441 million. In view of the loss, the directors do not recommend any dividend.

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.49.14
UK Pound	1	Rs.77.58
Euro	1	Rs.67.58

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.