1. Summary Information

		Country	INDIA
Company Name	VIVEK LIMITED	Principal Name 1	Mr. Srinivasachari Rajagopal
Status	Moderate	Principal Name 2	Mr. Srinivasan Rangachari
		Registration #	18-28470
Street Address	Old No.150 (New No:68), LUZ Church Road, Mylapore, Chennai – 600004, Tamilnadu
Established Date	31.08.1994	SIC Code	--
Telephone#	91-44-42221700	Business Style 1	Dealer
Fax #	91-44-42221770	Business Style 2	Distributors
Homepage	http://www.viveks.com	Product Name 1	Consumer Durables
# of employees	Not Available	Product Name 2	-
Paid up capital	Rs.48,221,000/-	Product Name 3	-
Shareholders	Directors or relatives of Directors – 95% Other top fifty shareholders – 5%	Banking	Canara Bank
Public Limited Corp.	No	Business Period	18 Years
IPO	No	International Ins.	-
Public Enterprise	No	Rating	Ca (19)
Related Company
Relation	Country	Company Name	CEO
Subsidiaries	India	Vivek Retail (India) Limited	--
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2011		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	236,231,000	Current Liabilities	170,317,000
Inventories	333,376,000	Long-term Liabilities	554,984,000
Fixed Assets	152,961,000	Other Liabilities	0
Deferred Assets	0	Total Liabilities	725,301,000
Invest& other Assets	3,622,000	Retained Earnings	107,000
		Net Worth	889,000
Total Assets	726,190,000	Total Liab. & Equity	726,190,000
Total Assets (Previous Year)	613,781,000
P/L Statement as of	31.03.2011		(Unit: Indian Rs.)
Sales	3299,303,000	Net Profit	53,859,000
Sales(Previous yr)	3,044,202,000	Net Profit(Prev.yr)	(51,596,000)

MIRA INFORM REPORT

Report Date :

06.08.2012

IDENTIFICATION DETAILS

Name :	VIVEK LIMITED
Registered Office :	Old No.150 (New No:68), LUZ Church Road, Mylapore, Chennai – 600004, Tamilnadu
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	31.08.1994
Com. Reg. No.:	18-028470
Capital Investment / Paid-up Capital :	Rs. 48.221 Millions
CIN No.: [Company Identification No.]	U51909TN1994PLC028470
TAN No.: [Tax Deduction & Collection Account No.]	CHEV02035F
PAN No.: [Permanent Account No.]	AAACV1186B
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Dealer and Distributors of Electrics Products.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ca (19)

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 :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is an established company having moderate track. There appear huge accumulated losses recorded by the company. However trade relations are reported as fair. Business is active. Payments are reported to be slow. The company can be considered for business dealing on a safe and 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 – June 30, 2012

Country Name	Previous Rating (31.03.2012)	Current Rating (30.06.2012)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

RBI DEFAILTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAILTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

LOCATIONS

Registered Office/ Corporate Office :	Old No.150 (New No:68), LUZ Church Road, Mylapore, Chennai – 600 004, Tamilnadu, India
Tel. No.:	91-44-42221700
Fax No.:	91-44-42221770
E-Mail :	anand@viveks.com
Website:	www.viveks.com
Corporate Office 1 :	New No 171, Old No 74, Luz Church Road, 2^nd Street, Mylapore, Chennai – 600004, Tamilnadu, India
Tel. No.:	91-44-24989439
Fax No.:	91-44-42221770

DIRECTORS

As on 27.08.2011

Name :

Mr. Srinivasachari Rajagopal

Designation :

Director

Address :

Varenya' 1043, 10th main road, Judicial officers layout, GKVK post,Banglore-560065, Karnataka, India

Date of Birth/Age :

10/03/1940

Date of Appointment :

09.03.2010

DIN No.:

00022609

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U85110KA1996PLC021262	GMR ENERGY LIMITED	Director	07/07/2008	31/07/2002	-	Active	NO
2	L29219WB1985PLC055352	SREI INFRASTRUCTURE FINANCE LIMITED	Director	25/01/2003	25/01/2003	-	Active	NO
3	U45203KA2001PTC049328	GMR TUNI-ANAKAPALLI EXPRESSWAYS PRIVATE LIMITED	Director	31/03/2003	31/03/2003	-	Active	NO
4	U45203KA2001PTC049329	GMR TAMBARAM TINDIVANAM EXPRESSWAYS PRIVATE LIMITED	Director	31/03/2003	31/03/2003	-	Active	NO
5	U65922TN1995PLC031681	NATIONAL TRUST HOUSING FINANCE LIMITED	Director	11/04/2003	11/04/2003	-	Active	NO
6	U65999WB1994PLC065722	SREI VENTURE CAPITAL LIMITED	Director	13/06/2005	13/06/2005	-	Active	NO
7	U18101TZ2005PLC012295	S.P.APPARELS LIMITED	Director	30/09/2006	30/01/2006	15/03/2011	Active	NO
8	L28990MH1996PLC097945	VARUN INDUSTRIES LIMITED	Director	16/07/2007	05/12/2006	28/03/2012	Active	NO
9	L30006TN1995PLC031651	ZYLOG SYSTEMS LIMITED	Director	21/06/2007	28/01/2007	-	Active	NO
10	U72200KA2003PTC032027	WISDOMLEAF TECHNOLOGIES PRIVATE LIMITED	Director	21/07/2008	14/07/2007	-	Active	NO
11	U40102MH2007PLC172552	USHER ECO POWER LIMITED	Director	27/06/2008	15/05/2008	31/10/2009	Active	NO
12	U40101KA2007PLC044809	GMR KAMALANGA ENERGY LIMITED	Director	24/08/2009	01/09/2008	-	Active	NO
13	U72200TN2005PLC058451	ZYLOG SYSTEMS (INDIA) LIMITED.	Director	23/09/2009	19/01/2009	-	Active	NO
14	U40108KA2008PLC047974	GMR CHHATTISGARH ENERGY LIMITED	Director	13/08/2010	02/12/2009	-	Active	NO
15	U72900KA2009PTC051942	CAREERCUBICLE TECHNOLOGIES PRIVATE LIMITED	Director	23/12/2009	23/12/2009	-	Active	NO
16	U51909TN1994PLC028470	VIVEK LIMITED	Director	30/10/2010	09/03/2010	-	Active	NO
17	U45201KA2009PTC050109	GMR HYDERABAD VIJAYAWADA EXPRESSWAYS PRIVATE LIMITED	Director	11/08/2010	18/03/2010	-	Active	NO
18	U45200DL2011PLC227902	GMR KISHANGARH UDAIPUR AHMEDABAD EXPRESSWAYS LIMITED	Additional director	17/01/2012	17/01/2012	-	Active	NO

Name :

Mr. Srinivasan Rangachari

Designation :

Director

Address :

Old No 27, New No 6, 1st Cross Street, Sriram Nagar, TTK Road, Alwarpet, Chennai - 600018, Tamil Nadu, India

Date of Birth/Age :

07/04/1928

Date of Appointment :

30/10/2010

DIN No.:

02993720

Name :

Mr. Bysani Aswathanarayana Kodandarama Setty

Designation :

Director

Address :

64, Luz Church Road, Mylapore, Chennai – 600 004, Tamilnadu, India

Date of Birth/Age :

07.02.1939

Date of Appointment :

31/08/1994

DIN No.:

00026448

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U65991TN1990PLC018744	GREEN MALABAR FINANCE VENTURES LIMITED	Director	16/02/1990	16/02/1990	23/02/2010	Active	NO
2	U93090TN1993PLC025452	VIVEK SAFE DEPOSIT LOCKERS LIMITED	Director	15/07/1993	15/07/1993	-	Active	NO
3	U70101TN1993PTC025955	VIVEK FARMS & RESORTS PRIVATE LIMITED	Director	19/08/1994	19/08/1994	-	Active	NO
4	U51909TN1994PLC028470	VIVEK LIMITED	Managing director	27/06/2011	31/08/1994	-	Active	NO
5	U65921TN2000PTC046183	VIVEK CONSUMER CREDIT PRIVATE LIMITED	Director	23/11/2000	23/11/2000	-	Active	NO
6	U91990MH2005GAP151959	RETAILERS ASSOCIATION OF INDIA	Director	14/03/2005	14/03/2005	-	Active	NO
7	U52334TN2007PLC065041	VIVEK RETAIL (INDIA) LIMITED	Director	12/10/2007	12/10/2007	-	Active	NO
8	U52334TN2007PLC065040	INFINITI RETAIL VENTURES LIMITED	Director	12/10/2007	12/10/2007	-	Strike off	NO
9	U74220TN2011PTC078925	ACCESS HEALTHCARE SERVICES PRIVATE LIMITED	Director	24/01/2011	24/01/2011	-	Active	NO

Name :

Mr. Bysani Aswathanarayana Srinivasa

Designation :

Director

Address :

23, 1^st Cross Street, Sterling Road, Nugambakkam, Chennai – 600 034, Tamilnadu, India

Date of Birth/Age :

13.03.1957

Date of Appointment :

31.08.1994

DIN No.:

00026698

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U93090TN1993PLC025452	VIVEK SAFE DEPOSIT LOCKERS LIMITED	Director	15/07/1993	15/07/1993	-	Active	NO
2	U70101TN1993PTC025955	VIVEK FARMS & RESORTS PRIVATE LIMITED	Director	19/08/1994	19/08/1994	-	Active	NO
3	U51909TN1994PLC028470	VIVEK LIMITED	Managing director	01/04/2009	31/08/1994	-	Active	NO
4	U65921TN2000PTC046183	VIVEK CONSUMER CREDIT PRIVATE LIMITED	Director	23/11/2000	23/11/2000	-	Active	NO
5	U52339TN2006PTC061462	RETAIL ONE INDIA PRIVATE LIMITED	Managing director	17/01/2008	09/11/2006	-	Active	NO
6	U52334TN2007PLC065041	VIVEK RETAIL (INDIA) LIMITED	Director	12/10/2007	12/10/2007	-	Active	NO
7	U52334TN2007PLC065040	INFINITI RETAIL VENTURES LIMITED	Director	12/10/2007	12/10/2007	-	Strike off	NO

Name :

Mr. Bysani Aswathanarayana Chandrashekara Setty

Designation :

Director

Address :

2 Taylors Road, Kilpauk, Chennai – 600 010, Tamilnadu, India

Date of Birth/Age :

09.06.1946

Date of Appointment :

31.08.1994

DIN No.:

00026506

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U93090TN1993PLC025452	VIVEK SAFE DEPOSIT LOCKERS LIMITED	Director	15/07/1993	15/07/1993	-	Active	NO
2	U70101TN1993PTC025955	VIVEK FARMS & RESORTS PRIVATE LIMITED	Managing director	07/10/1993	07/10/1993	-	Active	NO
3	U51909TN1994PLC028470	VIVEK LIMITED	Managing director	27/06/2011	31/08/1994	-	Active	NO
4	U65921TN2000PTC046183	VIVEK CONSUMER CREDIT PRIVATE LIMITED	Director	23/11/2000	23/11/2000	-	Active	NO
5	U52334TN2007PLC065041	VIVEK RETAIL (INDIA) LIMITED	Director	12/10/2007	12/10/2007	-	Active	NO
6	U52334TN2007PLC065040	INFINITI RETAIL VENTURES LIMITED	Director	12/10/2007	12/10/2007	-	Strike off	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 27.08.2011

Names of Shareholders	No. of Shares
B. L. Aswathanarayana Setty	120100
B. A. Vasanthalakshmi	198600
B. A. Kodandarama Setty	860274
B. K. Nalini Jayanthi	191100
B K Shankar	18000
B K Anand	52500
B K Sridhar	42500
B. A. Chandrasekara Setty	845513
B. C. Padmavathi	116100
B. C. Sathyanarayana	21750
B. C. Kishore Kumar	21750
B. A. Srinivasa	1185263
B A Nanda Srinivas	407000
M. V. Raghavamma	2500
Subadra Prahlad	2500
M Dharmchand Gulecha	2500
Basthichand Gulecha	2500
T. R. Venkatraman	2500
R Uma Mahaeswari	2500
S Shagunthalai	7500

LIST OF ALLOTTEES

As on 23.07.2011

Names of Allottees	No. of Shares
Mr. B A Kondandarama Setty Business	2000000
Mr. B A Chandrasekara Setty Business	2000000
Mr. B A Srinivasa Business	2000000
Total	6000000

Equity Share Break up (Percentage of Total Equity)

As on 27.08.2011

Category	Percentage
Directors or relatives of Directors	95.00
Other top fifty shareholders	5.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Dealer and Distributors of Electrics Products.
Products :	Consumer Durables

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

Canara Bank, Mylapore Branch, Royapettah High Road Mylapore, Chennai – 600004, Tamilnadu, India

Facilities :

Secured Loan	As on 31.03.2011 (Rs. in Millions)	As on 31.03.2010 (Rs. in Millions)
Rupee term loans financial institutions secured	* 56.089	29.693
Working capital loans banks secured	237.764	262.240
Loans taken for fixed assets secured	1.081	4.045
Total	294.934	295.978
Unsecured Loan	As on 31.03.2011 (Rs. in Millions)	As on 31.03.2010 (Rs. in Millions)
Rupee term loans banks unsecured	# 166.214	166.057
Loans directors unsecured	0.000	40.480
Other debt unsecured	93.834	81.213
Total	260.048	287.750

Note:

*Repayable within one year Rs.20.154 Millions

#Repayable within one year Rs.108.437 Millions

SECURED LOANS

(a) Term loan is Secured by hypothecation of fixed assets acquired or to be acquired out of the above term loan and guaranteed by two Directors.

(b) Working Capital Facilities from bankers are secured by hypothecation of present and future stocks in trade and book debts (Excluding credit Card receivables) and movable assets under Multiple Banking arrangement and guaranteed personally by the Promoter directors.

(c) Hire purchase loan is secured by hypothecation of vehicles purchased under Hire Purchase Contract.

Banking Relations :	----
Auditors :
Name :	Srikanth and Shanthi Associates Chartered Accountants
Address :	No.9, Madanagopal Street, First Floor, Abhiramapuram, Chennai – 600028
PAN.:	AAOSS4951L
Associates :	Vivek and Company Vivek Agencies Viveks Safe Deposit and Lockers Limited
Subsidiaries :	· Infinity Retail Ventures Limited (CIN No – U52334TN2007PLC065040) · Vivek Retail (India) Limited (CIN No – U52334TN2007PLC065040)

CAPITAL STRUCTURE

As on 27.08.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
6000000	Equity Shares	Rs.10/-Each	Rs.60.000 Millions
6000000	Preference Shares	Rs.10/-Each	Rs.60.000 Millions
	Total		Rs.120.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
4822150	Equity Shares	Rs.10/-Each	Rs.48.221Millions
6000000	Preference Shares	Rs.10/-Each	Rs.60.000 Millions
	Total		Rs.108.221 Millions

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
12000000	Equity Shares	Rs.10/-Each	Rs.120.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
4822150	Equity Shares	Rs.10/-Each	Rs.48.221 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		48.221	48.222	48.222
2] Share Application Money		60.000	0.000	0.000
3] Reserves & Surplus		0.107	0.107	0.107
4] (Accumulated Losses)		(107.439)	(161.298)	(109.702)
NETWORTH		0.889	(112.969)	(61.373)
LOAN FUNDS
1] Secured Loans		294.935	295.978	383.794
2] Unsecured Loans		260.049	287.751	221.194
TOTAL BORROWING		554.984	583.729	604.988
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		555.873	470.760	543.615
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		152.961	131.396	135.134
Capital work-in-progress		1.522	0.805	0.266
INVESTMENT		2.100	2.100	2.100
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	333.376	285.289	288.806
	Sundry Debtors	25.916	25.740	32.313
	Cash & Bank Balances	31.190	14.061	17.859
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	179.125	154.390	169.152
Total Current Assets		569.607	479.480	508.130
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	166.982	112.430	83.485
	Other Liabilities		28.300	16.250
	Provisions	3.335	2.291	2.280
Total Current Liabilities		170.317	143.021	102.015
Net Current Assets		399.290	336.459	406.115
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		555.873	470.760	543.615

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	3299.303	3044.202	3247.451
		Income from Services	38.117	25.779	28.751
		Other Income	30.252	9.625	12.109
		TOTAL (A)	3367.672	3079.606	3288.311
Less	EXPENSES
		Cost of Goods Sold	2808.876	2650.277	2939.580
		Employee Cost	119.160	108.354	122.485
		Administrative and Other Expenses	299.945	277.197	295.969
		TOTAL (B)	3227.981	3035.828	3358.034
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		139.691	43.778	(69.723)
Less	FINANCIAL EXPENSES (D)		64.599	71.887	68.131
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		75.092	(28.109)	(137.854)
Less/ Add	DEPRECIATION/ AMORTISATION (F)		21.233	20.791	19.252
	PROFIT/ LOSS BEFORE TAX (E-F) (G)		53.859	(48.900)	(157.106)
Less	TAX (I)		0.000	2.696	(16.513)
	PROFIT/ LOSS AFTER TAX (G-I) (J)		53.859	(51.596)	(140.593)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		(161.298)	(109.702)	30.819
	BALANCE CARRIED TO THE B/S		(107.439)	(161.298)	(109.702)
	IMPORTS
		Imported Goods	0.000	0.000	1.527
		Imported Capital Goods	0.000	0.000	0.000
	TOTAL IMPORTS		0.000	0.000	1.527
	Earnings Per Share (Rs.)		11.17	(10.70)	(29.16)

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	1.60	(1.67)	(4.27)
Net Profit Margin (PBT/Sales)	(%)	1.63	(1.61)	(4.84)
Return on Total Assets (PBT/Total Assets}	(%)	7.45	(8.00)	(24.42)
Return on Investment (ROI) (PBT/Net worth)		60.58	0.43	2.56
Debt Equity Ratio (Total Liability/Net worth)		815.86	(6.43)	(11.52)
Current Ratio (Current Asset/Current Liability)		3.34	3.35	4.98

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	Yes
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	No
9]	Name of person contacted	No
10]	Designation of contact person	No
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	------
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	No
20]	Export / Import details (if applicable)	No
21]	Market information	-------
22]	Litigations that the firm / promoter involved in	-------
23]	Banking Details	Yes
24]	Banking facility details	No
25]	Conduct of the banking account	---------
26]	Buyer visit details	---------
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	PAN of Proprietor/Partner/Director, if available	No
32]	Passport No of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	U51909TN1994PLC028470
Name of the company	VIVEK LIMITED
Address of the registered office or of the principal place of business in India of the company	Old No.150, New No:68, LUZ Church Road, Mylapore, Chennai – 600004, Tamilnadu, India E-Mail: anand@viveks.com
This form is for	Modification of charge
Charge identification (ID) number of the charge to be modified	10105784
Type of charge	· Book Debts · Inventory and other current assets
Particular of charge holder	THE LAKSHMI VILAS BANK LIMITED, Cathedral Road, CHENNAI – 600086, Tamil Nadu, INDIA E-Mail: rajagopalan.renganathan@lvbank.in
Nature of instrument creating charge	Hypothecation of inventory, book debts, fixed assets and current assets of the company (As per Letter of Hypothecation dated 21.06.2012)
Date of instrument Creating the charge	21.06.2012
Amount secured by the charge	Rs. 50.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest : 3.75% p.a. over the base rate of the Bank which is 11% at present, with a minimum of 14.75% p.a. Terms of Repayment : Validity is one year Margin : 25% Extent and Operation of the charge : Hypothecation of stock and book debts of the company on pari passu first charge basis with multiple banks. Hypothecation of entire current and fixed assets of the company both present and in the future, on pari passu first charge basis with multiple banks
Short particulars of the property or asset(s) charged (including complete address and location of the property)	Hypothecation of stock and book debts of the company on pari passu first charge basis with multiple banks Hypothecation of entire current and fixed assets of the company both present and in the future, on pari passu first charge basis with multiple banks
Particulars of the present modification	The working capital limit is modified from Rs.100.000 Millions (Regular OCC Limit Rs. 50.000 Millions and Additional Peak Level OCC Limit Rs. 50.000 Millions) to Rs. 50.000 Millions (Regular OCC Limit Rs. 50.000 Millions Only)

Note:- Registered office of the company has been shifted from 133, R. H. Road, Mylapore, Madras – 600004, Tamil Nadu, India to the present address w.e.f. 03.05.2010

OPERATIONS:

During the year, The Company recorded moderate growth in its operations. The highlights for the year include:

· Turnover of the Company went up from Rs. 3392.000 Millions in 2009-10 to Rs. 3685.000 Millions in 2010-11, recording a moderate growth.

· PBIDT stood at 139.691 Millions in 2010-11 as compared to Rs. 43.778 Millions in 2009-10

· PAT for 2010 -11 stood at Rs. 53.859 Millions as compared to the loss of Rs. 51.596 Millions incurred in the year 2009-10

FUTURE PROSPECTS:

The retail industry has a bright future in view of the following:

· Economy is growing

· Middle class population is bulging

· Income levels are rising

· Aspiration level of the customers are increasing to enhance their life style, convenience & comfort.

The Company has drawn up extensive plans to launch its next phase of growth and expansion. With the strong backing of the Company’s customers, shareholders, associates and vendor partners, the Company and its management is confident that the Company will go from strength to strength in the future and continue to be a major and significant player in the Retail Industry.

FIXED ASSETS:

· Tangible Assets

· Showroom Equipments

· Electrical Installation

· Office Equipments

· Computers

· Vehicles

· Furniture and Fixture

· Improvement in Leasehold Buildings

· Intangible Assets

· Goodwill

PRESS RELEASES:

Vivek Limited- The Unlimited One Stop Shop Partners with Vector Consulting Group to Revamp its Supply Chain

Posted on – March 1, 2012, 3:06 pm By Business Wire India

Mumbai, Maharashtra, India,

Category – Business, Science and Technology, Leisure, People

Vector Consulting Group, one of the leading consulting firms specializing in Theory of Constraints (TOC) in India, has entered into an engagement with Vivek Ltd, one of the leading consumer durables, IT and telecom products retail chains in South to implement Theory of Constraints (TOC) in the retail business space.

Vivek Ltd recognizes the potential of the Theory of Constraints in enhancing its profitability. Hence it has engaged Vector Consulting Group, with its experience in helping other retail chains such as Westside, Landmark, Liberty Shoes, amongst others, to redesign its supply chain and store stock management to ensure over 98% higher availability with much lower inventory than current levels. ‘We are confident of helping Viveks significantly improve on its sales and profitability through this long-term initiative” says Mr. Kiran Kothekar, Founding Director, Vector Consulting Group.

“We are glad to be partnering with Vector Consulting Group for the implementation of Theory of Constraints into our line of business. We are looking forward to increase availability and at the same time reduce inventory within

the network”, said Mr. B A Srinivasa, Joint Managing Director (CEO), Vivek Ltd.

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.56.08
UK Pound	1	Rs.87.03
Euro	1	Rs.68.36

INFORMATION DETAILS

Report Prepared by :

MRI

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	2
OPERATING SCALE	1~10	2
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	-
--LIQUIDITY	1~10	2
--LEVERAGE	1~10	2
--RESERVES	1~10	1
--CREDIT LINES	1~10	2
--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		19

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.