MIRA INFORM REPORT

Report Date :

12.12.2012

IDENTIFICATION DETAILS

Name :	KOHINOOR TELEVIDEO PRIVATE LIMITED (w.e.f. 07.11.2009)
Formerly Known As :	GANESH TELE VIDEO AGENCIES PRIVATE LIMITED
Registered Office :	182, Haji Habib Building, Opposite Fire Brigade, Dr. Ambedkar Road, Dadar (East), Mumbai – 400 014, Maharashtra
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	10.07.1990
Com. Reg. No.:	11-057184
Capital Investment / Paid-up Capital :	Rs.2.500 millions
CIN No.: [Company Identification No.]	U32200MH1990PTC057184
TAN No.: [Tax Deduction & Collection Account No.]	MUMG06501F
PAN No.: [Permanent Account No.]	AAACG1298B
Legal Form :	Private Limited Liability Company
Line of Business :	Trader, Distributor and Supplier of Electronic and Electrical Goods.
No. of Employees :	300 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (50)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 816000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track. The management of the company has not filed its latest financials i.e. 2011-12 with the Government Department. However, from the financials of 2011 it seems that the company is progressing. Financial position of the company is good. Trade Relations are reported as fair. Business is active. Payments are reported to be usually correct and as per commitments. 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.

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 PARTED BY

Name :	Mr. Pratap
Designation :	Accounts Department
Contact No.:	91-22-24156900
Date :	11.12.2012

LOCATIONS

Registered Office :	182, Haji Habib Building, Opposite Fire Brigade, Dr. Ambedkar Road, Dadar (East), Mumbai – 400 014, Maharashtra, India
Tel. No.:	91-22-23821472/ 24156900
Fax No.:	91-22-23827154
E-Mail :	kohinoor@kohinoorvideo.com
Website :	http://www.kohinoorvideo.com
Location:	Owned
Head Office/ Shop:	339, Lamington Road, 53, Rajesh Building (Opposite Police Station), Mumbai – 400 007, Maharashtra, India

DIRECTORS

As on 30.09.2011

Name :	Mr. Vishal Ramchand Mewani
Designation :	Director
Address :	604, Indira Apartment, Carmical Road, Mumbai – 400 026, Maharashtra, India
Date of Birth/Age :	07.04.1974
Date of Appointment :	30.09.1993
DIN No.:	00214523
Name :	Mr. Ramchand Phagunmal Mewani
Designation :	Director
Address :	604, Indira Apartment, Carmical Road, Mumbai – 400 026, Maharashtra, India
Date of Birth/Age :	23.03.1946
Date of Appointment :	10.07.1990
DIN No.:	00214514
Name :	Mrs. Bharati Ramchand Mewani
Designation :	Director
Address :	604, Indira Apartment, Carmical Road, Mumbai – 400 026, Maharashtra, India
Date of Birth/Age :	01.05.1947
Date of Appointment :	10.07.1990
DIN No.:	00214534
Name :	Mr. Sanjay Ramchand Mewani
Designation :	Director
Address :	603, Indira Apartment, Carmical Road, Mumbai – 400 026, Maharashtra, India
Date of Birth/Age :	30.12.1980
Date of Appointment :	02.04.1998
DIN No.:	00214529
Name :	Mrs. Priyanka Vishal Mewani
Designation :	Director
Address :	603, Indira Apartment, Carmical Road, Mumbai – 40 0026, Maharashtra, India
Date of Birth/Age :	31.07.1975
Date of Appointment :	02.04.1998
DIN No.:	00214537
Name :	Mrs. Varsha Sanjay Mewani
Designation :	Director
Address :	603, Indira Apartment, Carmical Road, Mumbai – 400 026, Maharashtra, India
Date of Appointment :	25.06.2003
DIN No.:	00214540
Name :	Mr. Rahul Dinesh Parwani
Designation :	Director
Address :	2, Neel Ganga, 1^st Floor, Bandra (West), Mumbai – 400 050, Maharashtra, India
Date of Birth/Age :	02.09.1991
Date of Appointment :	01.04.2011
DIN No.:	03523346

KEY EXECUTIVES

Name :	Mr. Pratap
Designation :	Accounts Department

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2011

Names of Shareholders	No. of Shares
Ramchand Phagunmal Mewani	3030
Bharati Ramchand Mewani	10
Vishal Ramchand Mewani	15250
Sanjay Ramchand Mewani	6700
Priyanka Vishal Mewani	10
Total	25000

As on 30.09.2011

Equity Share Breakup	Percentage of Holding
Category
Directors or relatives of directors	100.00

BUSINESS DETAILS

Line of Business :	Trader, Distributor and Supplier of Electronic and Electrical Goods.
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

GENERAL INFORMATION

Customers :

Retailers and Others

No. of Employees :

300 (Approximately)

Bankers :

v ING Vysya Bank Limited, 804/A, Ground Floor, Ghamat Lodge, Dr. Ambedkar Road, TT Terminus, Dadar (East), Mumbai – 400 014, Maharashtra, India

v Thane Bharat Sahakari Bank, Shatataraka, Baji Prabhu Deshpande Marg, Vishnu Nagar, Naupada, Thane (West), Thane – 400 602, Maharashtra, India

v ICICI Bank Limited, Landmark Race Cource Circle, Alkapuri, Vadodara – 390 015, Gujarat, India

v Punjab National Bank

v ICICI Bank Limited – Dadar

Facilities :

Secured Loans	31.03.2011 (Rs. in Millions)	31.03.2010 (Rs. in Millions)
Rupee term loans banks secured	0.000	7.642
Rupee term loans financial institutions secured	6.145	7.358
Working capital loans banks secured	100.222	74.702
Loans taken for vehicles secured	15.098	2.725
Total	121.465	92.427

Unsecured Loans	31.03.2011 (Rs. in Millions)	31.03.2010 (Rs. in Millions)
Working capital loans others unsecured	3.434	1.877
Loans directors unsecured	7.572	6.128
Total	11.006	8.005

Banking Relations :	--
Auditors :
Name :	Mulraj D. Gala Chartered Accountant
Address :	B-21, Shastri Niketan, R.K. Chemburkar Marg, Behind Telephone Exchange, Chembur Naka, Mumbai – 400 071, Maharashtra, India
Tel. No.:	91-22-25294941
E-Mail :	camdgala@rediffmail.com
Income-tax PAN of auditor or auditor's firm :	AGYPG0691H

CAPITAL STRUCTURE

As on 30.09.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
25000	Equity Shares	Rs.100/- each	Rs.2.500 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
25000	Equity Shares	Rs.100/- each	Rs.2.500 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		2.500	2.500	2.500
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		201.541	131.374	99.216
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		204.041	133.874	101.716
LOAN FUNDS
1] Secured Loans		121.465	92.427	82.889
2] Unsecured Loans		11.006	8.005	6.404
TOTAL BORROWING		132.471	100.432	89.293
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		336.512	234.306	191.009
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		204.060	135.655	98.104
Capital work-in-progress		4.459	4.459	0.000
INVESTMENT		0.009	0.008	0.007
DEFERRED TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	154.934	125.877	104.818
	Sundry Debtors	55.308	17.956	13.873
	Cash & Bank Balances	8.791	11.223	5.175
	Other Current Assets	38.129	13.318	28.900
	Loans & Advances	14.310	3.919	3.002
Total Current Assets		271.472	172.293	155.768
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	55.690	49.168	29.272
	Other Current Liabilities	36.059	12.685	6.729
	Provisions	51.739	16.256	26.869
Total Current Liabilities		143.488	78.109	62.870
Net Current Assets		127.984	94.184	92.898
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		336.512	234.306	191.009

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	1450.400	1176.600	992.200
		Other Income	NA	NA	NA
		TOTAL	NA	NA	NA
Less	EXPENSES
		Office Expenses	NA	NA	NA
		Administrative Expenses
		Advertising Expenses
		TOTAL	NA	NA	NA
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		119.969	56.528	41.608
Less/ Add	DEPRECIATION/ AMORTISATION		12.932	7.804	6.243
	PROFIT BEFORE TAX		107.037	48.724	35.365
Less	TAX		35.483	16.256	10.511
	PROFIT AFTER TAX		71.554	32.468	24.854
	TAX ADJUSTMENT (PREVIOUS YEAR)		(1.012)	(0.310)	(0.439)
	PROFIT AFTER TAX TRANSFERRED TO RESERVE		70.542	32.158	24.415
	Earnings Per Share (Rs.)		2862.16	1298.72	994.17

Particulars	31.03.2012
Sales Turnover (Approximately)	1720.000

The above information has been parted by Mr. Pratap (Accounts Department).

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
Net Profit Margin (PBT/Sales)	(%)	7.38	4.14	3.56
Return on Total Assets (PBT/Total Assets}	(%)	22.51	15.60	13.93
Return on Investment (ROI) (PBT/Networth)		0.52	0.36	0.35
Debt Equity Ratio (Total Liability/Networth)		1.35	1.33	1.50
Current Ratio (Current Asset/Current Liability)		1.89	2.21	2.48

LOCAL AGENCY FURTHER INFORMATION

Details of Sundry Creditors:

Particulars	31.03.2011 (Rs. in millions)	31.03.2010 (Rs. in millions)	31.03.2009 (Rs. in millions)
Sundry Creditors
- Creditors due small micro enterprises	0.000	0.000	0.000
- Creditors due others	55.690	49.168	29.272
Total	55.690	49.168	29.272

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	Yes
9) Name of person contacted	Yes
10) Designation of contact person	Yes
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	No
17) Major suppliers	No
18) Major customers	No
19) Payments terms	Yes
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	Yes
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	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

Note:

Registered office address of the company has been shifted from Shop No.44, Rajesh Building, Lamington Road, Mumbai – 400 007, Maharashtra, India to the present address w.e.f. 02.03.2010.

OPERATION:

The sales volume for the financial year ended 31^st March 2011 was Rs.1450.400 millions as compared to Rs.1176.600 millions of the previous years. Profit before tax is Rs.107.000 millions.

Bankers Charges Report as per Registry

Corporate identity number of the company	U32200MH1990PTC057184
Name of the company	KOHINOOR TELEVIDEO PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	182, Haji Habib Building, Opposite Fire Brigade, Dr. Ambedkar Road, Dadar (East), Mumbai – 400 014, Maharashtra, India E-Mail: kohinoor@kohinoortelevideo.com
This form is for	Modification of charge
Charge identification number of the modified	10173793
Type of charge	Book Debts Movable Property (not being pledge) Floating Charge
Particular of charge holder	ING Vysya Bank Limited, 804/A, Ground Floor, Ghamat Lodge, Dr. Ambedkar Road, TT Terminus, Dadar (East), Mumbai – 400 014, Maharashtra, India E-Mail: vlaxman@vsnl.com
Nature of description of the instrument creating or modifying the charge	Supplemental Facility Cum Hypothecation Agreement.
Date of instrument Creating the charge	28.09.2012
Amount secured by the charge	Rs.140.000 millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest: OD-SIT/BD: IVBR + 1.05% p.a. (ROI as on date 10.45% p.a.) Terms of Repayment: OD-SIT/BD: On Demand Margin: OD-SIT/BD: 25% against Stock and Book Debts. Extent and Operation of the charge: Hypothecation by way of First charge on the Hypothecated Assets of the Company as security for payment of credit facilities of Rs.140.000 millions together with interest, costs, charges, expenses payable by the Company to the Bank. Others: OD-SIT/BD : Rs.140.000 millions
Short particulars of the property charged	Entire stock in trade of the company stored at various places. Entire book debts of the company both present and future.
Date of latest modification prior to the present modification	24.12.2011
Particulars of the present modification	The Charge shall now stand increased form Rs.120.000 millions to Rs.140.000 millions, against the security of hypothecated assets of the Company.

FIXED ASSETS:

v Goodwill

v Furniture and Fixture

v Car

v Motor Cycle

v Scooter

v Air Conditioner

v EPABX

v Video Camera System

v Inverter

v Mobile Phones

v Fax machines

v Attendance Machine

v Counting Machine

v Detector Machine

v Safe Locker

v Water Purifier

v Computers

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 :

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.54.32
UK Pound	1	Rs.87.36
Euro	1	Rs.70.36

INFORMATION DETAILS

Information Gathered by :	PDT
Report Prepared by :	SMN

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	7
--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	NO
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		50

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.