MIRA INFORM REPORT

Report Date :

26.09.2011

IDENTIFICATION DETAILS

Name :	AXIS CLASSES PRIVATE LIMITED
Registered Office :	Laxmi Complex, Near HDFC Bank, Boring Road, Patna- 800 001, Bihar
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	24.09.2008
Com. Reg. No.:	03-013954
Capital Investment / Paid-up Capital :	Rs.0.100 million
CIN No.: [Company Identification No.]	U80903BR2008PTC13954
TAN No.: [Tax Deduction & Collection Account No.]	PTNA02596G
PAN No.: [Permanent Account No.]	AAICA6471E
Legal Form :	Private Limited Liability Company
Line of Business :	To carry on the business of education, coaching, tuition in mathematics, physics, chemistry, biology and other subject related to engineering, medical and all other subjects in all steams for all type of pre graduation & courses i.e. Degree, Master degree and Diploma etc.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ca(16)

RATING			STATUS		PROPOSED CREDIT LINE
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
	Status :			New Company
	Payment Behaviour :			Unknown
	Litigation :			Clear
	Comments :			Subject is a relatively new company and yet to establish itself gradually. Business is active. Payment terms are unknown. The company can be considered for business dealings on a secured 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 :	Laxmi Complex, Near HDFC Bank., Boring Road, Patna- 800 001 Bihar, India
Tel. No.:	91- 612- 6560255 / 3269981
E-Mail :	info@axislit-jee.com ash2r@rediffmail.com rohatgiashish2003@gmail.com
Website:	http://www.axisiit-jee.com

DIRECTORS

As on 30.09.2010

Name :

Mr. Amit Kumar

Designation :

Director

Address :

Flat No.202, Pushpanjali Apartment, Boring Road, Patna- 800 001 Bihar, India

Date of Birth/Age :

24.01.1971

Date of Appointment :

24.09.2008

Din No:

01283068

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	U80904BR2007PTC012896	PARADISE CLASSES PRIVATE LIMITED	Director	09-03-07	09-03-07	-	Strike off	NO
2	U80903BR2008PTC013954	AXIS CLASSES PRIVATE LIMITED	Director	24-09-08	24-09-08	-	Active	NO

Name :

Miss. Arunima Kumari

Designation :

Director

Address :

Flat No.202, Pushpanjali Plaza, Basant Vihar Colony, Boring Road Patna - 800 001 Bihar, India

Date of Birth/Age :

24.01.1981

Date of Appointment :

24.09.2008

Din No:

01562728

Other Directorship:

.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	U80904BR2007PTC012896	PARADISE CLASSES PRIVATE LIMITED	Director	09-06-07	09-06-07	-	Strike off	NO
2	U80903BR2008PTC013954	AXIS CLASSES PRIVATE LIMITED	Director	24-09-08	24-09-08	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2010

Names of Shareholders	No. of Shares
Amit Kumar	500
Arunima Kumari	500
Total	1000

As on 30.09.2010

Equity Share Breakup	Percentage of Holding
Category
Directors or relatives of directors	100%

BUSINESS DETAILS

Line of Business :

To carry on the business of education, coaching, tuition in mathematics, physics, chemistry, biology and other subject related to engineering, medical and all other subjects in all steams for all type of pre graduation & courses i.e. Degree, Master degree and Diploma etc.

GENERAL INFORMATION

Bankers:	Not Available
Banking Relation:	--
Auditors :
Name :	Rohatgi Ashish and Company Chartered Accountant
Address :	117, Ashoka Place, Exhibition Road Patna-800 001 Bihar India
E-Mail :	Ash2r@rediffmail.com

CAPITAL STRUCTURE

As on 31.03.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
5000	Equity shares	Rs. 100/- each	Rs. 0.500 million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1000	Equity shares	Rs.100/- each	Rs. 0.100 million

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

STHEIRCES OF FUNDS		31.03.2010	31.03.2009
SHAREHOLDERS FUNDS
1] Share Capital		0.100	0.000
2] Share Application Money		0.000	0.000
3] Reserves & Surplus		0.021	0.000
4] (Accumulated Losses)		0.000	0.000
NETWORTH		0.121	0.000
LOAN FUNDS
1] Secured Loans		0.000	0.000
2] Unsecured Loans		0.000	0.000
TOTAL BORROWING		0.000	0.000
DEFERRED TAX LIABILITIES		0.000	0.000
TOTAL		0.121	0.000
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.000	0.000
Capital work-in-progress		0.000	0.000
INVESTMENT		0.000	0.000
DEFERREX TAX ASSETS		0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000	0.000
	Sundry Debtors	0.000	0.000
	Cash & Bank Balances	0.154	0.000
	Other Current Assets	0.000	0.000
	Loans & Advances	0.000	0.000
Total Current Assets		0.154	0.000
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.045	0.000
	Other Current Liabilities	0.008	0.000
	Provisions	0.009	0.000
Total Current Liabilities		0.062	0.000
Net Current Assets		0.092	0.000
MISCELLANEOUS EXPENSES		0.029	0.000
TOTAL		0.121	0.000

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009
	SALES
		Turnover	0.914	0.000
		Other Income
		TOTAL	0.914	0.000
Less	EXPENSES
		Office Expenses
		Administrative Expenses	0.884	0.000
		Advertising Expenses
		Depreciation
		Financial charges
		TOTAL	0.884	0.000
	PROFIT BEFORE TAX		0.030	0.000
Less	TAX		0.009	0.000
	PROFIT AFTER TAX		0.021	0.000
	Earnings Per Share (Rs.)		21.10	-

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009
PAT / Total Income	(%)	2.30	-
Net Profit Margin (PBT/Sales)	(%)	3.28	-
Return on Total Assets (PBT/Total Assets}	(%)	19.48	-
Return on Investment (ROI) (PBT/Networth)		0.24	-
Debt Equity Ratio (Total Liability/Networth)		0.51	-
Current Ratio (Current Asset/Current Liability)		2.48	-

LOCAL AGENCY FURTHER INFORMATION

Website Details:

Profile:

The Institute is run by a team of intellectually bright professionals under the leadership of Mr. Amit Kumar.

An excellent understanding of student’s psychology and the changing trends of IIT-JEE and other competitions.

At Subject, their objective is to expose the reality and applicability of basic sciences namely physics, chemistry, and Mathematics to their young students and inculcate a habit of self-realization of basic concepts. Self realization of basic concepts leads the students to apply the concepts with confidence leading to better results.

Their, at subject, firmly believe that every student has some inherent capability which just needs proper grooming. The formal system of education stresses on all round development of a student through various curricular activities. Their stress, at subject, is to develop the mental state of the students to build in them the confidence which, in turn, can lead to an all round development and success. A look at their results will immediately make it clear to they have been successful in our endeavor.

The student have able to overcome the barrier to such a degree that they have emerged successful in every exam with flying colours. Not only the extraordinary students but a large number of ordinary students have emerged WINNERS, a testimony borne out by their results. This is due to the strict curriculum, discipline and well planned relevant inputs provided to them during their association.

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 :

Their 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.

Their 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	Rs49.61
UK Pound	1	Rs.76.67
Euro	1	Rs.66.47

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	2
OPERATING SCALE	1~10	2
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	2
--PROFITABILIRY	1~10	1
--LIQUIDITY	1~10	2
--LEVERAGE	1~10	2
--RESERVES	1~10	1
--CREDIT LINES	1~10	1
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	No
--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		16

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 unfavtheirable 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.