1. Summary Information

		Country	India
Company Name	Real Innovators Limited	Principal Name 1	Dr. Hanni Valibhai Doctor
Status	New Company	Principal Name 2	Mrs. Rashida Hanni Doctor
		Registration #	11-226584
Street Address	3, Tejkamal, 12^th Nehru Road, Santacruz (East) Mumbai – 400055, Maharashtra, India
Established Date	06.02.2012	SIC Code	--
Telephone#	Not Available	Business Style 1	To carry on business as innovators, researchers and developers for industries, developing innovative technologies.
Fax #	Not Available	Business Style 2	--
Homepage	--	Product Name 1	--
# of employees	Not Available	Product Name 2	--
Paid up capital	Rs.5,20,000/-	Product Name 3	--
Shareholders	--	Banking	Not Available
Public Limited Corp.	No	Business Period	6 Months
IPO	No	International Ins.	--
Public Enterprise	No	Rating	NB
Related Company
Relation	Country	Company Name	CEO
--	--	--	--
Note	--

2. Summary Financial Statement

Balance Sheet as of	--		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	--	Current Liabilities	--
Inventories	--	Long-term Liabilities	--
Fixed Assets	--	Other Liabilities	--
Deferred Assets	--	Total Liabilities	--
Invest& other Assets	--	Retained Earnings	--
		Net Worth	--
Total Assets	--	Total Liab. & Equity	--
Total Assets (Previous Year)	--
P/L Statement as of	--		(Unit: Indian Rs.)
Sales	--	Net Profit	--
Sales(Previous yr)	--	Net Profit(Prev.yr)	--

MIRA INFORM REPORT

Report Date :

31.08.2012

IDENTIFICATION DETAILS

Name :	REAL INNOVATORS LIMITED
Registered Office :	3, Tejkamal, 12^th Nehru Road, Santacruz (East) Mumbai – 400055, Maharashtra
Country :	India
Date of Incorporation:	06.02.2012
Com. Reg. No.:	11-226584
Capital Investment / Paid-up Capital :	Rs.0.520 Million
CIN No.: [Company Identification No.]	U73100MH2012PLC226584
TAN No.: [Tax Deduction & Collection Account No.]	MUMR29056G
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	To carry on business as innovators, researchers and developers for industries, developing innovative technologies.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

NB

RATING		STATUS	PROPOSED CREDIT LINE
--	NB	New Business	--

Status :	New Company
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is a new company and yet to establish itself gradually Mr. Hanni, Director non-cooperative denied to part any information about the company. Payments are unknown. The company can be considered for business dealings 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

INDIAN ECONOMIC OVERVIEW

India is developing into an open-market economy, yet traces of its past autarkic policies remain. Economic liberalization, including industrial deregulation, privatization of state-owned enterprises, and reduced controls on foreign trade and investment, began in the early 1990s and has served to accelerate the country's growth, which has averaged more than 7% per year since 1997. India's diverse economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of services. Slightly more than half of the work force is in agriculture, but services are the major source of economic growth, accounting for more than half of India's output, with only one-third of its labor force. India has capitalized on its large educated English-speaking population to become a major exporter of information technology services and software workers. In 2010, the Indian economy rebounded robustly from the global financial crisis - in large part because of strong domestic demand - and growth exceeded 8% year-on-year in real terms. However, India's economic growth in 2011 slowed because of persistently high inflation and interest rates and little progress on economic reforms. High international crude prices have exacerbated the government's fuel subsidy expenditures contributing to a higher fiscal deficit, and a worsening current account deficit. Little economic reform took place in 2011 largely due to corruption scandals that have slowed legislative work. India's medium-term growth outlook is positive due to a young population and corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy. India has many long-term challenges that it has not yet fully addressed, including widespread poverty, inadequate physical and social infrastructure, limited non-agricultural employment opportunities, scarce access to quality basic and higher education, and accommodating rural-to-urban migration.

Source : CIA

RBI DEFAULTERS’ LIST STATUS

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

EPF (Employee Provident Fund) DEFAULTERS’ 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.

INFORMATION DECLINED BY

Name :	Dr. Hanni V. Doctor
Designation :	Director
Contact No.:	91-9820019686
Date :	30.08.2012

LOCATIONS

Registered Office :	3, Tejkamal, 12^th Nehru Road, Santacruz (East) Mumbai – 400055, Maharashtra, India
Tel. No.:	Not Available
Mobile No.:	91-9820019686 (Dr. Hanni V. Doctor)
Fax No.:	Not Available
E-Mail :	hannidoctor@hotmail.com

DIRECTORS

Name :

Dr. Hanni Valibhai Doctor

Designation :

Director

Address :

5/6, Tajkamal, 12^th Nehru Road, Santacruz (East), Mumbai – 400055, Maharashtra, India

Date of Birth/Age :

06.05.1954

Date of Appointment :

06.02.2012

DIN No.:

02020596

Other Directorships :

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	Company/ LLP Status	Defaulting status
1	U15140MH2003PTC140876	HANNI FRAGRANCES PRIVATE LIMITED	Director	13/06/2003	13/06/2003	Active	NO
2	U73100MH2012PLC226584	REAL INNOVATORS LIMITED	Managing director	06/02/2012	06/02/2012	Active	NO

Name :

Mrs. Rashida Hanni Doctor

Designation :

Director

Address :

6, Tajkamal Society, 12^th Nehru Road, Santacruz (East), Mumbai – 400055, Maharashtra, India

Date of Birth/Age :

02.09.1952

Date of Appointment :

06.02.2012

DIN No.:

02020832

Other Directorships :

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	Company/ LLP Status	Defaulting status
1	U15140MH2003PTC140876	HANNI FRAGRANCES PRIVATE LIMITED	Director	13/06/2003	13/06/2003	Active	NO
2	U73100MH2012PLC226584	REAL INNOVATORS LIMITED	Director	06/02/2012	06/02/2012	Active	NO

Name :

Mr. Mustafa Hanni Doctor

Designation :

Director

Address :

6, Tajkamal Society, 12^th Nehru Road, Santacruz (East), Mumbai – 400055, Maharashtra, India

Date of Birth/Age :

29.10.1982

Date of Appointment :

06.02.2012

DIN No.:

05107968

Name :

Dr. Mariam Hanni Doctor

Designation :

Director

Address :

6, Tajkamal Society, 12^th Nehru Road, Santacruz (East), Mumbai – 400055, Maharashtra, India

Date of Birth/Age :

17.09.1984

Date of Appointment :

06.02.2012

DIN No.:

05107961

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

(AS ON 02.11.2011)

Names of Shareholders	No. of Shares
Dr. Hanni Valibhai Doctor	5000
Rashida Hanni Doctor	5000
Hanni Fragrances Private Limited, India	30000
Mustafa Hanni Doctor	5000
Dr. Mariam Hanni Doctor	5000
Bashir Valibhai Doctor	1000
Tasneem Bashir Doctor	1000
Total	52000

BUSINESS DETAILS

Line of Business :

To carry on business as innovators, researchers and developers for industries, developing innovative technologies.

GENERAL INFORMATION

No. of Employees :	Not Available
Bankers :	Not Available

Banking Relations :	--
Auditors :	Not Available

CAPITAL STRUCTURE

Authorised Capital :

No. of Shares	Type	Value	Amount
5000000	Equity Shares	Rs.10/- each	Rs.50.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
52000	Equity Shares	Rs.10/- each	Rs.0.520 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

NEW COMPANY

Note: Sole Proprietory and Partnership concerns are exempted from filing their financials with the Government Authorities or Registry.

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	No
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	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last three years	No
12]	Profitability for last three years	No
13]	Reasons for variation <> 20%	-----
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	No
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	No
24]	Banking facility details	No
25]	Conduct of the banking account	-----
26]	Buyer visit details	-----
27]	Financials, if provided	No
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	No
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

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.55.67
UK Pound	1	Rs.88.05
Euro	1	Rs.69.92

INFORMATION DETAILS

Information Gathered by :	SVA
Report Prepared by :	NIT

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.