MIRA INFORM REPORT

Report Date :

20.09.2011

IDENTIFICATION DETAILS

Name :	POOJA FLOOR AND FURNISHING PRIVATE LIMITED
Registered Office :	SG-08-09, J.D.A. Complex, Shubhash Nagar, Jaipur – 302016, Rajasthan
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	31.07.2010
Com. Reg. No.:	17-27093
Capital Investment / Paid-up Capital :	Rs.0.500 Million
CIN No.: [Company Identification No.]	U17229RJ2008PTC027093
IEC No.:
TAN No.: [Tax Deduction & Collection Account No.]	JPRP03263B
PAN No.: [Permanent Account No.]	AAECP7619P
Legal Form :	Private Limited Liability Company
Line of Business :	Company is engaged in the business of trading of textiles floor covering and well paper etc.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (32)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 9868
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track. The company is programming well. Trade relations are reported as fair. Business is active. Payments are reported to be slow but correct. The company can be considered for small to mediocre 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 – June 30, 2010

Country Name	Previous Rating (01.04.2010)	Current Rating (30.06.2010)
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 :	SG-08-09, J.D.A. Complex, Shubhash Nagar, Jaipur – 302016, Rajasthan
Tel. No.:	91-141-2280701
Mobile No.:	91-9414066323 (Mr. Manoj Kothari)
E-Mail :	Vksaraf679@rediffmail.com

DIRECTORS

As on 24.09.2010

Name :	Mr. Shiv Shankar Bhanwar Lal Kothari
Designation :	Director
Address :	6/70, Vidhyadhar Nagar, Sector – 6, Jaipur – 302023, Rajasthan, India
Date of Birth/Age :	22.07.1974
Date of Appointment :	31.07.2008
DIN No.:	02256449

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	U17229RJ2008PTC027093	Pooja Floor And Furnishing Private Limited	Director	31-07-08	31-07-08	-	Active	NO

Name :	Mr. Bhanwar Lal Megh Raj Kothari
Designation :	Director
Address :	6/70, Vidhyadhar Nagar, Sector – 6, Jaipur – 302023, Rajasthan, India
Date of Birth/Age :	04.11.1957
Date of Appointment :	31.07.2008
DIN No.:	02256439

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
1	U17229RJ2008PTC027093	Pooja Floor And Furnishing Private Limited	Director	31-07-08	31-07-08	01-05-11	Active

Name :	Mr. Kishan Kumar Vijay Shankar Kothari
Designation :	Director
Address :	6/70, Vidhyadhar Nagar, Sector – 6, Jaipur – 302023, Rajasthan, India
Date of Birth/Age :	22.01.1984
Date of Appointment :	31.07.2008
DIN No.:	02256463

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	U17229RJ2008PTC027093	Pooja Floor And Furnishing Private Limited	Director	31-07-08	31-07-08	-	Active	NO

Name :	Mr. Manoj Kumar Bhanwar Lal Kothari
Designation :	Director
Address :	6/70, Vidhyadhar Nagar, Sector – 6, Jaipur – 302023, Rajasthan, India
Date of Birth/Age :	10.05.1978
Date of Appointment :	31.07.2008
DIN No.:	02256454

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	U17229RJ2008PTC027093	Pooja Floor And Furnishing Private Limited	Director	31-07-08	31-07-08	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 24.09.2010

Names of Shareholders	No. of Shares
Bhanwar Lal Megh Raj Kothari	7500
Manoj Kumar Bhanwar Lal Kothari	7500
Shiv Shankar Bhanwar Lal Kothari	7500
Kishan Kumar Vijay Shankar Kothari	7500
Megh Raj Ramgopal Kothari	2500
Tara Devi Bhanwar Lal Kothari	2500
Vijay Shankar Megh Raj Kothari	2500
Uma Shankar Bhanwar Lal Kothari	2500
Madhuri Manoj Kumar Kothari	2500
Mamta Kishan Kumar Kothari	2500
Sushma Uma Shankar Kothari	2500
Gavaraja Devi Shiv Shankar Kothari	2500
Total	50000

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2010

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	100.00
Other top fifty shareholders
Total	100.00

BUSINESS DETAILS

Line of Business :	Company is engaged in the business of trading of textiles floor covering and well paper etc.
Products :	Area Rugs Hard Wood Laminated Runner Scatter Rugs Stickers Wall Papers Wall-To-Wall Automotive Felts Domestic Felts Filters Flat Floor Covering Geo Textiles Pure Wood Random Velour Structure Floor Covering

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

• State Bank of Bikaner and Jaipur, SMECC, Jawahar Nagar, Jaipur – 302004, Rajasthan, India

Facilities :

Secured Loan	As on 31.03.2010 (Rs. in Millions)	As on 31.03.2009 (Rs. in Millions)
Other
- Bank Overdraft	4.186	3.938
Total	4.186	3.938
Secured Loan	As on 31.03.2010 (Rs. in Millions)	As on 31.03.2009 (Rs. in Millions)
Loans From Directors
- Manoj Kumar Kothari	0.353	1.576
- Tara Dev Kothari	1.319	0.969
Total	1.672	2.545

Banking Relations :	--
Auditors :
Name :	P. C. Bhansali and Company Chartered Accountant
Address :	H-9-10, Subhash Nagar Shoppong Center, Jaipur – 302016, Rajasthan, India
Tel. No.:	91-141-2280886 / 2234923
Mobile No.:	91-9414051362
E-Mail :	bhansalipc01@rediffmail.com
PAN.:	AAIFP3814D

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
50000	Equity Shares	Rs.10/- each	Rs.5.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
50000	Equity Shares	Rs.10/- each	Rs.5.000 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2010	31.03.2009
SHAREHOLDERS FUNDS
1] Share Capital		0.500	0.500
2] Share Application Money		0.000	0.000
3] Reserves & Surplus		1.967	0.808
4] (Accumulated Losses)		0.000	0.000
NETWORTH		2.467	1.308
LOAN FUNDS
1] Secured Loans		4.186	3.938
2] Unsecured Loans		1.672	2.545
TOTAL BORROWING		5.858	6.483
DEFERRED TAX LIABILITIES		0.000	0.000
TOTAL		8.325	7.791
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.251	0.097
Capital work-in-progress		0.000	0.000
INVESTMENT		0.503	0.003
DEFERREX TAX ASSETS		0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	9.338	13.243
	Sundry Debtors	23.761	15.159
	Cash & Bank Balances	0.929	0.323
	Other Current Assets	0.161	0.029
	Loans & Advances	0.492	2.740
Total Current Assets		34.681	31.494
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	27.101	22.906
	Other Liabilities		0.906
	Provisions	0.030	0.015
Total Current Liabilities		27.131	23.827
Net Current Assets		7.550	7.667
MISCELLANEOUS EXPENSES		0.021	0.024
TOTAL		8.325	7.791

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009
	SALES
		Gross Turnover (including job Receipts	73.296	32.307
		Other Income	NA	NA
		TOTAL	NA	NA
Less	EXPENSES
		Office Expenses
		Administrative Expenses
		Advertising Expenses
		Interest
		TOTAL	NA	NA
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		1.752	1.170
Less/ Add	DEPRECIATION/ AMORTISATION		0.048	0.006
	PROFIT BEFORE TAX		1.704	1.164
Less	TAX		0.546	0.356
	PROFIT AFTER TAX		1.158	0.808
	BALANCE CARRIED TO THE B/S		1.158	0.808
	Earnings Per Share (Rs.)		23.16	16.16

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009
Return on Total Assets (PBT/Total Assets}	(%)	4.88	3.68
Return on Investment (ROI) (PBT/Networth)		0.69	0.89
Debt Equity Ratio (Total Liability/Networth)		13.37	23.17
Current Ratio (Current Asset/Current Liability)		1.28	1.32

LOCAL AGENCY FURTHER INFORMATION

OPERATIONS

During the Period the company’s performance was very good. The company has worked very effectively which has shown in company’s financial data. During the year the company has achieved turnover target of Rs.73.296 Millions in spite of recessionary and sluggish market conditions and Rs.1.752 Millions has PBDT and Rs.1.158 Net Profit. The company has cached some good contact in this period from some major organization, which increase company working and receipts in few years. The directors are hopeful to achieve better results in forthcoming year

FORM 8

Corporate identity number of the company	U17229RJ2008PTC027093
Name of the company	POOJA FLOOR AND FURNISHING PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	SG - 08 - 09, J.D.A Complex Shubhash Nagar Jaipur – 302016 Rajasthan, India
This form is for	Creation of charge
Type of charge	Floating charge
Particular of charge holder	State Bank Of Bikaner And Jaipur, SMECC Jawahar Nagar, Jaipur – 302004, Rajasthan, India
Nature of instrument creating charge	Letter of Arrangement (SME -1) Agreement of loan cum hypothecation (SME-2) Guarantee Agreement (SME-3)
Date of instrument Creating the charge	10.03.2009
Amount secured by the charge	Rs.4.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of interest At 0.25% above SBBJ-BPLR i.e 13 % p.a. (applicable at monthly rests) as prescribed, subject to change from time to time. Terms of repayment Repayable on demand Margin Minimum Margin 25% of the considered realizable value of the immovable properties . Semi finished goods 25% Finished goods 25% Components/consumables/spares 25% Domestic receivables 25% Extent and operation of the charge Rs.4.000 Millions
Short particulars of the property or asset(s) charged (including complete address and location of the property)	Hypothecation of entire current assets including stocks, receivables and other current assets of the firm. Equitable mortgage of immovable property (land & building) situated at Plot No. 19 & 20 Shiv Vihar of sen colony Grih Nirman Sahkari Society, Opp. Road No.5, VKI Area, Jaipur. Personal guarantee Sh Manoj Kumar Kothari, Sh. Shiv Shankar Kothari and Sh. Kishan Kumar Kothari.

FIXED ASSETS

• Computer
• Furniture and Fittings

- Safe

- Fridge

- Furniture

- TV

• Plant and Machinery

- Camera Sony

- Cycle

- Air Conditioner

- Bike

- DVD

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.47.79
UK Pound	1	Rs.75.06
Euro	1	Rs.65.35

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	4
--LEVERAGE	1~10	4
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		32

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.