MIRA INFORM REPORT

Report Date :

13.09.2011

IDENTIFICATION DETAILS

Name :	BOOM BUYING PRIVATE LIMITED
Registered Office :	E-986, Lower Ground Floor, Chittaranjan Park, New Delhi – 110019
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	24.09.2003
Com. Reg. No.:	55-122390
Capital Investment / Paid-up Capital :	Rs.1.463 Millions
CIN No.: [Company Identification No.]	U51909DL2003PTC122390
IEC No:	0503074713
TAN No.: [Tax Deduction & Collection Account No.]	DELB10200B
PAN No.: [Permanent Account No.]	AACCB3057F
Legal Form :	Private Limited Liability Company.
Line of Business :	Trader, Exporters and Importers of Agro, Chemicals, Energy, Metals and Minerals, Home Furnishing, Garments, Handicrafts.
No. of Employees :	40 (Approximately)

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 40000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track. Trade relations are reported as fair. Business is active. Payments are reported to be usually correct and as per commit nets. 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

INFORMATION PARTED BY

Name :	Mr. Rajesh Sinha
Designation :	Chief Executive Officer
Contact No.:	91-9310344333
Date :	10.09.2011

LOCATIONS

Registered Office :	E-986, Lower Ground Floor, Chittaranjan Park, New Delhi – 110019, India
Tel. No.:	91-11-40560612/ 40560613/ 40560614/ 40560615
Mobile No.:	91-9310344333 (Mr. Rajesh Sinha)
Fax No.:	91-11-40560616/ 40560613
E-Mail :	rakesh@boombuying.com rajesh@boombuying.com info@boombuying.com
Website :	http://www.boombuying.com
Area :	2500 sq. ft.
Location :	Owned
Branches :	Located at: · USA · Canada · Mporadabad · Firozabad · Aligarh · Hathras · Saharanpur · Banaras · Agra · Jaipur · Jodhpur · Hyderabad · Bangalore · Indore

DIRECTORS

AS ON 29.07.2011

Name :

Mr. Rakesh Singh

Designation :

Director

Address:

Prince Road, Bhoora KA Chauraha, Moradabad – 244001, Uttar Pradesh, India

Date of Birth/Age :

10.07.1974

Qualification :

B. Technical

Date of Appointment :

24.09.2003

DIN No.:

01950276

Other Directorships :

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	U51909DL2003PTC121951	PRITYAKSHA NETWORK MARKETING PRIVATE LIMITED	Director	17-09-03	17-09-03	-	Dormant	NO
2	U51909DL2003PTC122390	BOOM BUYING PRIVATE LIMITED	Director	24-09-03	24-09-03	-	Active	NO
3	U92490DL2006PTC154107	BOOM TELEVISION PRIVATE LIMITED	Director	20-09-06	20-09-06	-	Active	NO
4	U45200DL2006PTC154648	PRITYAKSHA BUILDERS AND DEVLOPERS PRIVATE LIMITED	Director	06-10-06	06-10-06	02-07-11	Active	YES
5	U45200DL2006PTC155944	PRITYAKSHA CITY DEVELOPERS PRIVATE LIMITED	Director	28-11-06	28-11-06	18-12-06	Active	YES
6	U01403DL2008PTC172348	VOLGAA AGRO PRODUCTS (INDIA) PRIVATE LIMITED	Director	26-12-09	26-12-09	23-08-10	Active	NO
7	U51101DL2010PTC204424	BOOM AGRO INDIA PRIVATE LIMITED	Director	22-06-10	22-06-10	09-03-11	Active	NO Bottom of Form

Name :

Ms. Shyamo Singh

Designation :

Director

Address:

House No.173, Moh Asalatpura, Moradabad – 244001, Uttar Pradesh, India

Date of Birth/Age :

10.04.1952

Qualifications :

HSC

Date of Appointment :

10.12.2003

DIN No.:

02238222

Other Directorships :

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	U51909DL2003PTC122390	BOOM BUYING PRIVATE LIMITED	Director	10-12-03	10-12-03	Active	NO
2	U51909DL2003PTC121951	PRITYAKSHA NETWORK MARKETING PRIVATE LIMITED	Director	01-12-05	01-12-05	Dormant	NO

KEY EXECUTIVES

Name :	Mr. Rajesh Sinha
Designation :	Chief Executive Officer

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

(AS ON 29.07.2011

Names of Shareholders	No. of Shares
Rakesh Singh	108550
Shyamo Devi	6450
Radhika Singh	6250
Lunar Gold Intt Private Limited, India	6250
GEO Loan Plansin Private Limited, India	6250
Euro Asian Cor. Private Limited, India	6250
Akul Securities Private limited, India	6250
Total	146250

(AS ON 16.08.2011)

Names of Shareholders	No. of Shares
Rakesh Singh	1425
Shyamo Devi	750
Utkarsh Printing Press Private Limited, India	6250
Total	8425

(AS ON )

Category	Percentage
Directors or relatives of directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Trader, Exporters and Importers of Agro, Chemicals, Energy, Metals and Minerals, Home Furnishing, Garments, Handicrafts.
Products :	· Handicrafts · Home Furnishing · Garments · Gifts and Novelties · Gems · Jewellery · Agro Products · Accessories ·   Chemicals ·   Construction ·   Energy ·   Food and Agro ·   Furniture ·   Garments ·   Herbs and Derivatives ·   Machines and Tools ·   Minerals and Metals ·   Pharma
Exports :
Products :	· Handicrafts · Home Furnishing · Garments · Gifts and Novelties · Gems · Jewellery · Agro Products · Accessories ·   Chemicals ·   Construction ·   Energy ·   Food and Agro ·   Furniture ·   Garments ·   Herbs and Derivatives ·   Machines and Tools ·   Minerals and Metals ·   Pharma
Countries :	· Germany · France · Italy
Imports :
Products :	· Scrap · Chemicals · Dry Fruit
Countries :	· USA · China · Middle East
Terms :
Selling :	L/C, Credit
Purchasing :	L/C, Credit

GENERAL INFORMATION

Suppliers :

(As On 31.03.2010)

· Era Informatics Private Limited

· Akriti Enterprises

· Dhl Express Private Limited

· Fedex Express

· Mitsui Osk Lines Private Limited

· Netnivaran.Com

· Privitech Logistic Private Limited

· Reliance Agri Products Distribution

· Reliance Food Processing Solution Limited

· Shri Ram Traders

· Netnivaran.com

· S. P. Cargo Agency Private Limited

· United Parcel Services

· Vipra Overseas Trading Private Limited

· Alras Fruits Private Limited

· Archana Raizada

· Balaji Enterprises

· Classic Enterprises

· Eagle Transshipping and Logistics Private Limited

· Guru Rice Mills

Customers :

(As On 31.03.2010)

Wholesalers, Retailers and Manufacturer

· Economy Jewel Trading Estate

· Shiv Fabric India

· Shri Ram Rubber

· National Rubber Scrape

· Akva Plus Limited

· Almia for Import and Export Company

· Amodia Petrochem Products Private Limited

· Bekay Enterprises

· B M Traders

· Indian Oil Corporation Limited

· Neelkanth Trading Company

· Sajman Tejarat Alborz

· Shree Jee Food Products

· Shri Ram Enterprises

· Shri Sai Trading Company

No. of Employees :

40 (Approximately)

Bankers :

· Corporation Bank

Greater Kailash Branch, New Delhi, India

· ICICI Bank Limited

Connaught Palace, New Delhi, India

· Punjab National Bank

Okhla Industrial Estate Branch

· State Bank of India

Okhla Industrial Estate Branch, New Delhi – 110020, Delhi, India

· CITI Bank

Connaught Palace, New Delhi, India

· Bank of Bank

Greater Kailash, New Delhi – 110048, India

Facilities :

Secured Loans	31.03.2011	31.03.2010
	(Rs. In Millions)
State Bank of India CC (030498240930)		5.820
State Bank of India EPC (30498241967)	13.552	2.977
Total	13.552	8.797
Unsecured Loans	31.03.2011	31.03.2010
	(Rs. In Millions)
From Directors		--
From Others	9.500	4.000
Total	9.500	4.000

Banking Relations :	--
Auditors :
Name :	Hemant Maheshwari and Company Chartered Accountant
Address :	Chamber # 10, Satpura Tower, Kaushambi, Ghaziabad – 201010, Uttar Pradesh, India
Tele-Fax:	91-120-4119674
Email:	hmco.ca@gmail.com
Memberships :	· EPCH · JGPCH · APEDA · ITPO

CAPITAL STRUCTURE

(AS ON 29.07.2011)

Authorised Capital :

No. of Shares	Type	Value	Amount
250000	Equity Share	Rs.10/- each	Rs.2.500 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
154675	Equity Share	Rs.10/- each	Rs.1.547 Millions

(AS ON 31.03.2011)

Authorised Capital :

No. of Shares	Type	Value	Amount
250000	Equity Share	Rs.10/- each	Rs.2.500 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
146250	Equity Share	Rs.10/- each	Rs.1.463 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011	31.03.2010	31.03.2009
SHAREHOLDERS FUNDS
1] Share Capital		1.463	1.000	1.000
2] Share Application Money		0.870	0.000	0.010
3] Reserves & Surplus		7.451	2.950	2.129
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		9.784	3.950	3.139
LOAN FUNDS
1] Secured Loans		13.552	8.797	6.264
2] Unsecured Loans		9.500	4.000	0.000
TOTAL BORROWING		23.052	12.796	6.264
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		32.836	16.746	9.403
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		2.565	2.777	3.065
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		0.105	0.090	0.027
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	29.451	11.377	14.884
	Sundry Debtors	51.296	19.828	7.216
	Cash & Bank Balances	0.260	1.530	4.150
	Other Current Assets	0.194	4.253	0.845
	Loans & Advances	3.739	0.614	3.106
Total Current Assets		84.940	37.602	30.201
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	54.192	7.155	9.288
	Other Current Liabilities	0	16.251	14.216
	Provisions	0.582	0.324	0.392
Total Current Liabilities		54.774	23.730	23.896
Net Current Assets		30.166	13.874	6.305
MISCELLANEOUS EXPENSES		0.000	0.005	0.006
TOTAL		32.836	16.746	9.403

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Sale	198.628	118.642	62.168
		Indirect Income	0.886	3.196	4.339
		TOTAL (A)	199.514	121.838	66.507
Less	EXPENSES
		(Increase)/ Decrease in Stock	(18.074)	3.508	(13.077)
		Purchase Accounts	200.588	98.918	61.207
		Direct Expenses	2.591	8.228	6.897
		Administrative and Selling Expenses	8.394	6.865	8.692
		Director’s Remuneration	1.800	1.200	0.840
		Preliminary Exp. W/Off	0.000	0.000	0.002
		TOTAL (B)	195.299	118.719	64.561
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		4.215	3.119	1.946
Less	FINANCIAL EXPENSES (D)		1.740	1.403	0.314
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		2.475	1.716	1.632
Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.643	0.637	0.800
	PROFIT BEFORE TAX (E-F) (G)		1.832	1.079	0.832
Less	TAX (H)		0.568	0.258	0.310
	PROFIT AFTER TAX (G-H) (I)		1.264	0.821	0.522
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		2.950	2.129	1.607
	BALANCE CARRIED TO THE B/S		4.214	2.950	2.129
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	NA	0.065	NA
	TOTAL EARNINGS		NA	0.065	NA
	IMPORTS
		Raw Materials	NA	0.287	NA
	TOTAL IMPORTS		NA	0.287	NA
	Earnings Per Share (Rs.)		8.64	8.20	5.22

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	0.63	0.67	0.78
Net Profit Margin (PBT/Sales)	(%)	0.92	0.88	1.25
Return on Total Assets (PBT/Total Assets}	(%)	2.09	2.86	2.75
Return on Investment (ROI) (PBT/Networth)		0.19	0.27	0.26
Debt Equity Ratio (Total Liability/Networth)		7.95	6.00	7.61
Current Ratio (Current Asset/Current Liability)		1.55	1.58	1.26

LOCAL AGENCY FURTHER INFORMATION

NOTE:

The Registered Office of the company has been shifted from B-55-A Lower Ground Floor, Kalkaji, New Delhi -110019, India to the present address w.e.f. 09.04.2007.

OPERATIONS:

During the financial year the company was able to do any business and therefore incurred a profit of Rs.0.821 Millions. However they are hopeful to get some good business/contracts in the current financial year.

TRADE REFERENCE:

· Shree Lal Mahal

· D S Group

FORM 8:

Corporate identity number of the company	U51909DL2003PTC122390
Name of the company	BOOM BUYING PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	E-986, Lower Ground Floor, Chittaranjan Park, New Delhi – 110019, India rakesh@boombuying.com
This form is for	Creation of charge
Type of charge	· Book Debts · Movable Property (not being pledge) · Floating charge
Particular of charge holder	· Bank of Bank Greater Kailash, New Delhi – 110048, India akandco@hotmail.com
Nature of instrument creating charge	Composite Hypothecation agreement (for Stocks/ Book debts/ Vehicles/ Movable Machinery dated 23.12.2010.)
Date of instrument Creating the charge	23.12.2010
Amount secured by the charge	Rs.30.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interests: Cash Credit - @ 5.50% above base Rate, PC cum FBP/ FBD – 1.25% above Base Rate (9.00% p.a.) FLC/ BG – As per bank Extant Guidelines. Terms of Repayment: Payable on Demand Margin: Stock – 25% and Book Debts – 35% PC – 25% FLC / BG – 25% (Cash Margin) Extent and Operation of the charge: 100% Others: To secure all amounts payable under Cash Credit limit of Rs.5.000 Million, PC –Cum- FBP/ FBD limit of Rs.9.000 Millions, FLC – Rs.14.000 Millions and BG Limit – Rs.2.000 Millions aggregating Rs.30.000 Millions granted to the company together with all interests, costs, charge, expenses etc.
Particulars of the property charged	The whole of the Borrower’s stocks both present and future and including but without prejudice to the generality of the foregoing words, all stocks of raw materials, work-in-process, semi-finished goods and finished goods such as agri products, plastic and other materials, items etc. Hypothecation of Book Debts – both present and Future. All the tangible movable machinery and plant etc. pertaining to the borrower’s works at various godowns and warehouses etc.

FIXED ASSETS:

· Computers Hardware

· Computer Software

· Mobile Handsets

· Office Premises

· Office Equipment

· Motor Car

· Furniture and Fixture

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.46.97
UK Pound	1	Rs.74.22
Euro	1	Rs.63.66

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	5
--PROFITABILIRY	1~10	5
--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	YES
--AFFILIATION	YES/NO	NO
--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.