MIRA INFORM REPORT

Report Date :

03.02.2012

IDENTIFICATION DETAILS

Name :	NEO TELEVISION LIMITED
Registered Office :	Office No 9 and 10, 5^th Floor, Akshay Complex, Pushpak Park, Aundh, Pune – 411007, Maharashtra
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	07.02.2007
Com. Reg. No.:	11-129574
Capital Investment / Paid-up Capital :	Rs.12.500 Millions
CIN No.: [Company Identification No.]	U92120PN2007PLC129574
TAN No.: [Tax Deduction & Collection Account No.]	PNEN05773F
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	The Company is engaged in broadcasting television Serials and News
No. of Employees :	Information Declined by Management

RATING & COMMENTS

MIRA’s Rating :

B [28]

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

Maximum Credit Limit :	USD 117000
Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is an established company having moderate track. There appears 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 dealings with some cautions.

NOTES : Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

INFORMATION DECLINED BY

Name :	Mrs. Asawari Kulkarni
Designation :	Assistant to Manager
Contact No.:	91-20-25602100
Date :	01.02.2012

LOCATIONS

Registered Office :	Office No 9 and 10, 5^th Floor, Akshay Complex, Pushpak Park, Aundh, Pune – 411007, Maharashtra, India
Tel. No.:	91-20-25898882
Fax No.:	Not Available
E-Mail :	coroprate@esakal.com
Website :	http://www.
Studio & Mumbai Corporate Office	Sakal Bhavan, Plot No. 42-B, Sector No. 11, CBD, Belapur, Navi Mumbai – 400614, Maharashtra, India
Tel. No.:	91-22-66843000 / 27572960
Fax No.:	91-22-66843260 / 27574280
National & Regional Marketing office	Sakal Media Group, 743, 3^rd Floor, Darvesh Chambers, Opposite Rajashtan Hotel, S.V. Road, Khar (West), Mumbai – 400052, Maharashtra, India
Tel. No.:	91-22-26486803 / 2 / 4
Pune Corporate office	Sakal Media Group, Plot No. 27, Narveer Tanaji Wadi, Near PMT Bus Depot, Opposite St. Francis School, Shivajinagar, Pune – 411005, Maharashtra, India
Tel. No.:	91-20-25602100
Fax No.:	91-20-25602200

DIRECTORS

As on 19.08.2011

Name :

Mr. Abhijit Pratap Pawar

Designation :

Director

Address :

S. No. 73, Behind Suyash Shro Building, Pan Card Club Road, Baner, Pune – 411045, Maharashtra, India

Date of Birth/Age :

17.02.1972

Date of Appointment :

07.02.2007

DIN :

00018998

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	U74140PN1984PTC033686	OCTON INDIA PRIVATE LIMITED	Director	15/07/1995	15/07/1995	-	Active	NO
2	U92111MH1983PTC030739	NAMRATTA FILM ENTERPRISE PRIVATE LIMITED	Director	2/1/1996	2/1/1996	-	Active	NO
3	U85110MH1982PTC028444	YASHAD HOSPITAL PRIVATE LIMITED	Director	2/1/1996	2/1/1996	-	Active	NO
4	U65993MH1981PTC025915	A P HOLDINGS PRIVATE LIMITED	Director	12/2/1996	12/2/1996	-	Active	NO
5	U27104MH1974PTC017447	UNITED METACHEM PRIVATE LIMITED	Director	10/10/1996	10/10/1996	-	Active	NO
6	U28999MH1969PTC014265	OJAS ENGINEERING PRIVATE LIMITED	Director	10/10/1996	10/10/1996	-	Active	NO
7	U24231MH1973PTC016721	ASK CHEMICALS FOUNDRY SOLUTION INDIA PRIVATE LIMITED	Director	11/10/1996	11/10/1996	10/5/2008	Active	NO
8	U22121PN1948PTC006177	SAKAL PAPERS PRIVATE LIMITED	Managing director	24/05/2008	30/12/1996	-	Active	NO
9	U72200PN1997PLC112531	ABHIJIT PAWAR MEDIA LIMITED	Director	18/12/1997	18/12/1997	-	Active	NO
10	U74920PN1999PTC013631	DATTATRAYA SARASWATI LAXMI VENTURES PRIVATE LIMITED	Director	18/05/1999	18/05/1999	-	Active	NO
11	U51900MH1999PTC119311	DSL MARKETING PRIVATE LIMITED	Director	15/07/2001	15/07/2001	14/04/2008	Active	NO
12	U65993PN1981PLC025916	P P HOLDINGS LIMITED	Director	3/10/2001	3/10/2001	-	Active	NO
13	U45201PN2004PTC019040	ABJA DEVELOPERS PRIVATE LIMITED	Director	23/03/2004	23/03/2004	-	Active	NO
14	U91110PN2005NPL020305	YOUNG PRESIDENTS ORGANIZATION (PUNE CHAPTER)	Director	17/02/2005	17/02/2005	-	Active	NO
15	U01122PN2006PTC129274	MRUNALINI AGRO FARMS PRIVATE LIMITED	Director	27/11/2006	27/11/2006	-	Active	NO
16	U92120PN2007PLC129574	NEO TELEVISION LIMITED	Director	7/2/2007	7/2/2007	-	Active	NO
17	U99999DL1951PLC002023	THE INDIAN NEWSPAPER SOCIETY	Director	19/09/2007	19/09/2007	-	Active	NO
18	U01122PN2007PTC131130	BHORDI AGRO FARMS PRIVATE LIMITED	Director	14/12/2007	14/12/2007	-	Active	NO
19	U70102PN2007PTC131142	KARHA DEVELOPERS AND MINERS PRIVATE LIMITED	Director	31/12/2008	24/12/2007	-	Active	NO
20	U40108PN2007PTC129933	NEO STAR INFRAPROJECTS PRIVATE LIMITED	Director	30/09/2009	6/2/2009	-	Active	NO
21	U70101PN2009PTC135051	APP BUILDERS PRIVATE LIMITED	Director	26/11/2009	26/11/2009	-	Active	NO
22	U74900MH2009PTC197788	SAIENERGY ENVIRONMENTAL ENGINEERING PRIVATE LIMITED	Director	11/12/2009	11/12/2009	-	Active	NO
23	U74900MH2009PTC197840	SARATHISAKAL INFRASTRUCTURE PRIVATE LIMITED	Director	14/12/2009	14/12/2009	-	Active	NO
24	U74999MH2009PTC197839	SAISAKAL INFRASTRUCTURE PRIVATE LIMITED	Director	14/12/2009	14/12/2009	-	Active	NO
25	U74900MH2009PTC197867	SAAMSAKAL INFRASTRUCTURE PRIVATE LIMITED	Director	15/12/2009	15/12/2009	-	Active	NO
26	U74990MH2009PTC197938	SAISAKAL AVIATION PRIVATE LIMITED	Director	17/12/2009	17/12/2009	-	Active	NO
27	U74900MH2009PLC197991	SONASAKAL INFRASTRUCTURE LIMITED	Director	18/12/2009	18/12/2009	-	Active	NO
28	U74999MH2009PLC197981	SHRISAKAL INFRASTRUCTURE LIMITED	Director	18/12/2009	18/12/2009	-	Active	NO
29	U74999MH2009PLC197978	STARSAKAL INFRASTRUCTURE LIMITED	Director	18/12/2009	18/12/2009	-	Active	NO
30	U74900MH2009PLC198037	SHUBHSAKAL INFRASTRUCTURE LIMITED	Director	22/12/2009	22/12/2009	-	Active	NO
31	U74900MH2009PLC198077	SUNSAKAL INFRASTRUCTURE LIMITED	Director	23/12/2009	23/12/2009	-	Active	NO
32	U74999MH2009PLC198137	SAINATHSAKAL INFRASTRUCTURE LIMITED	Director	25/12/2009	25/12/2009	-	Active	NO
33	U74900MH2010PLC198538	SURYASAKAL INFRASTRUCTURE LIMITED	Director	5/1/2010	5/1/2010	-	Active	NO
34	U99999MH1994NPL076530	MEDIA RESEARCH USERS COUNCIL	Director	18/05/2011	18/05/2011	-	Active	NO
35	U22219PN2011PTC139749	ZERO AND ONE MEDIA PRIVATE LIMITED	Director	3/6/2011	3/6/2011	-	Active	NO
36	U91990MH2011NPL225012	YPO WPO SOUTH ASIA CHAPTER	Director	16/12/2011	16/12/2011	-	Active	NO

Name :

Mrs. Mrunalini Abhijit Pawar

Designation :

Director

Address :

S. No. 73, Behind Suyash Shro Building, Pan Card Club Road, Baner, Pune – 411045, Maharashtra, India

Date of Birth/Age :

22.10.1976

Date of Appointment :

07.02.2007

DIN :

00025225

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	U63023MH1990PTC057063	STAMFORD WAREHOUSING AND DEVELOPERS PRIVATE LIMITED	Director	3/2/2000	3/2/2000	-	Active	NO
2	U65993MH1981PTC025915	A P HOLDINGS PRIVATE LIMITED	Director	25/09/2009	1/12/2003	-	Active	NO
3	U01122PN2006PTC129274	MRUNALINI AGRO FARMS PRIVATE LIMITED	Director	27/11/2006	27/11/2006	-	Active	NO
4	U01116PN2006PTC129275	PAWAR AGRO TECH PRIVATE LIMITED	Director	5/12/2006	5/12/2006	-	Active	NO
5	U01122PN2007PTC129407	JANHVI AGRO TECH PRIVATE LIMITED	Director	4/1/2007	4/1/2007	-	Active	NO
6	U92120PN2007PLC129574	NEO TELEVISION LIMITED	Director	7/2/2007	7/2/2007	-	Active	NO
7	U01122PN2007PTC131111	PURANDHAR AGRO FARMS PRIVATE LIMITED	Director	13/12/2007	13/12/2007	20/10/2008	Active	NO
8	U01122PN2007PTC131130	BHORDI AGRO FARMS PRIVATE LIMITED	Director	14/12/2007	14/12/2007	-	Active	NO
9	U01122PN2007PTC131164	VELLA AGRO FARMS PRIVATE LIMITED	Director	27/12/2007	27/12/2007	-	Active	NO
10	U22121PN1948PTC006177	SAKAL PAPERS PRIVATE LIMITED	Director	20/09/2008	24/05/2008	-	Active	NO
11	U74900MH2009PTC197788	SAIENERGY ENVIRONMENTAL ENGINEERING PRIVATE LIMITED	Director	11/12/2009	11/12/2009	-	Active	NO
12	U74900MH2009PTC197840	SARATHISAKAL INFRASTRUCTURE PRIVATE LIMITED	Director	14/12/2009	14/12/2009	-	Active	NO
13	U74999MH2009PTC197839	SAISAKAL INFRASTRUCTURE PRIVATE LIMITED	Director	14/12/2009	14/12/2009	-	Active	NO
14	U74900MH2009PTC197867	SAAMSAKAL INFRASTRUCTURE PRIVATE LIMITED	Director	15/12/2009	15/12/2009	-	Active	NO
15	U74990MH2009PTC197938	SAISAKAL AVIATION PRIVATE LIMITED	Director	17/12/2009	17/12/2009	-	Active	NO
16	U74900MH2009PLC197991	SONASAKAL INFRASTRUCTURE LIMITED	Director	18/12/2009	18/12/2009	-	Active	NO
17	U74999MH2009PLC197981	SHRISAKAL INFRASTRUCTURE LIMITED	Director	18/12/2009	18/12/2009	-	Active	NO
18	U74999MH2009PLC197978	STARSAKAL INFRASTRUCTURE LIMITED	Director	18/12/2009	18/12/2009	-	Active	NO
19	U74900MH2009PLC198037	SHUBHSAKAL INFRASTRUCTURE LIMITED	Director	22/12/2009	22/12/2009	-	Active	NO
20	U74900MH2009PLC198077	SUNSAKAL INFRASTRUCTURE LIMITED	Director	23/12/2009	23/12/2009	-	Active	NO
21	U74999MH2009PLC198137	SAINATHSAKAL INFRASTRUCTURE LIMITED	Director	25/12/2009	25/12/2009	-	Active	NO
22	U74900MH2010PLC198538	SURYASAKAL INFRASTRUCTURE LIMITED	Director	5/1/2010	5/1/2010	-	Active	NO

Name :

Mr. Jaydeep Dilip Mane

Designation :

Director

Address :

Datta, Plot No. 13, Kadamwadi Road, Tarabai Park, Kolhapur – 416003, Maharashtra, India

Date of Birth/Age :

03.03.1976

Date of Appointment :

15.10.2008

DIN :

02253468

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U65993MH1981PTC025915	A P HOLDINGS PRIVATE LIMITED	Director	1/10/2011	5/7/2008	Active	NO
2	U51311PN1996PTC017890	SAI LOGISTICS AND MATERIAL HANDLING PRIVATE LIMITED	Director	30/09/2009	5/7/2008	Active	NO
3	U45201PN2004PTC019040	ABJA DEVELOPERS PRIVATE LIMITED	Director	30/09/2009	5/7/2008	Active	NO
4	U63023MH1990PTC057063	STAMFORD WAREHOUSING AND DEVELOPERS PRIVATE LIMITED	Director	30/09/2008	5/7/2008	Active	NO
5	U22110GA1967PTC000073	GOMANTAK PRIVATE LIMITED.	Director	22/09/2008	5/7/2008	Active	NO
6	U74140PN1984PTC033686	OCTON INDIA PRIVATE LIMITED	Director	5/7/2008	5/7/2008	Active	NO
7	U72200PN1997PLC112531	ABHIJIT PAWAR MEDIA LIMITED	Director	5/7/2008	5/7/2008	Active	NO
8	U32109MH1965PTC013266	WIKAS ELECTRICAL AND CERAMIC PRODUCTS PRIVATE LIMITED	Whole-time director	1/10/2011	5/7/2008	Active	NO
9	U65993PN1981PLC025916	P P HOLDINGS LIMITED	Director	30/09/2009	31/07/2008	Active	NO
10	U92120PN2007PLC129574	NEO TELEVISION LIMITED	Director	30/09/2009	15/10/2008	Active	NO
11	U99999MH1996PTC096035	ABJA CONSTRUCTIONS LIMITED	Director	30/09/2009	20/10/2008	Active	NO
12	U01122PN2007PTC131111	PURANDHAR AGRO FARMS PRIVATE LIMITED	Director	31/12/2008	20/10/2008	Active	NO
13	U01122PN2007PTC129407	JANHVI AGRO TECH PRIVATE LIMITED	Director	10/11/2008	10/11/2008	Active	NO
14	U01111GA1971PTC000111	GOMANT FOODS PRIVATE LIMITED	Director	22/11/2008	22/11/2008	Active	NO
15	U01122PN2007PTC131132	RAJGADH AGRO FARMS PRIVATE LIMITED	Director	30/09/2010	1/3/2009	Active	NO
16	U51398PN1996PTC100030	KARHA INFRASTRUCTURE PRIVATE LIMITED	Director	30/09/2009	23/03/2009	Active	NO
17	U26940MH1987PLC043640	YOG INDUSTRIES LIMITED	Director	30/09/2009	25/05/2009	Active	NO
18	U01122PN2007PTC131130	BHORDI AGRO FARMS PRIVATE LIMITED	Director	20/09/2010	1/10/2009	Active	NO
19	U70101PN2009PTC135051	APP BUILDERS PRIVATE LIMITED	Director	26/11/2009	26/11/2009	Active	NO
20	U45203PN2009PTC135057	ABJA INFRASTRUCTURE PRIVATE LIMITED	Director	27/11/2009	27/11/2009	Active	NO
21	U40108PN2007PTC129933	NEO STAR INFRAPROJECTS PRIVATE LIMITED	Director	30/09/2011	4/11/2010	Active	NO
22	U74999PN2011PTC139159	PINNACLE NEOSTAR CORPORATION PRIVATE LIMITED	Director	11/4/2011	11/4/2011	Active	NO
23	U22219PN2011PTC139749	ZERO AND ONE MEDIA PRIVATE LIMITED	Director	3/6/2011	3/6/2011	Active	NO
24	U28999MH1969PTC014265	OJAS ENGINEERING PRIVATE LIMITED	Additional director	15/10/2011	15/10/2011	Active	NO
25	U27104MH1974PTC017447	UNITED METACHEM PRIVATE LIMITED	Director	5/12/2011	5/12/2011	Active	NO
26	U70102PN2007PTC131142	KARHA DEVELOPERS AND MINERS PRIVATE LIMITED	Additional director	24/12/2011	24/12/2011	Active	NO

KEY EXECUTIVES

Name :	Mrs. Asawari Kulkarni
Designation :	Assistant to Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 19.08.2011

Names of Equity Shareholders	No. of Shares
Abhijit Pratap Pawar	874000
Mrunalini Abhijit Pawar	397
Pratap Govind Pawar	500
Bharati Pratap Pawar	100
Jasdeep Singh Bedi	1
KMS Bedi	1
Mahendra Singh Garcha	1
Total	875000
Names of Preference Shareholders	No. of Shares
Wikas Electrical and Ceramic Products Private Limited, India	375000
Total	375000

As on 19.08.2011

Equity Share Break Up Category	Percentage
Directors or relatives of Directors	99.99
Other top fifty shareholders	0.01
Total	100.00

BUSINESS DETAILS

Line of Business :

The Company is engaged in broadcasting television Serials and News

GENERAL INFORMATION

No. of Employees :

Information Declined by Management

Bankers :

The Cosmos Co-Operative Bank Limited, Laxmi Road Branch, 269/270, Shaniwar Peth, Pune – 411030, Maharashtra, India

Facilities :

Secured Loan	Rs. In Millions 31.03.2011	Rs. In Millions 31.03.2010
The Cosmos Co-Operative Bank Limited - Term Loan (Secured against all Fixed Asset acquired during the F.Y.2008-2009) (Installments due within next 12 months 43.200 millions, Previous year 38.400 millions)	201.787	218.263
Total	201.787	218.263

Banking Relations :	--
Auditors :
Name :	Mohan Deshmukh and Company Chartered Accountants
Address :	B - 306, Narayan Chambers, 555, Narayan Peth, Pune – 411030, Maharashtra, India
PAN :	AACFM1053F
Company with Common Directors/Company with same management :	Sakal Paper Limited A.P Holdings Private Limited Abhijit Pawar Media Limited
7% Noncumulative Preference Shareholder/ Company with same management :	Wikas Electrical and Ceramics Product Private Limited

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
2,750,000	Equity Shares	Rs.10/- each	Rs.27.500 millions
750,000	7% Redeemable Non Cumulative Preference Shares	Rs.10/- each	Rs. 7.500 millions
	Total		Rs.35.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
875,000	Equity Shares	Rs.10/- each	Rs.8.750 millions
375,000	7% Redeemable Non Cumulative Preference Shares	Rs.10/- each	Rs. 3.750 millions
	Total		Rs.12.500 millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

Particulars		31.03.2011	31.03.2010	31.03.2009
SHAREHOLDERS FUNDS
1] Share Capital		12.500	4.250	4.250
2] Share Application Money		140.180	178.430	153.360
3] Reserves & Surplus		26.250	26.250	26.250
4] (Accumulated Losses)		[149.449]	[205.439]	[143.657]
NETWORTH		29.481	3.491	40.203
LOAN FUNDS
1] Secured Loans		201.787	218.263	252.890
2] Unsecured Loans		0.000	0.000	0.000
TOTAL BORROWING		201.787	218.263	252.890
DEFERRED TAX LIABILITIES		13.307	14.519	8.727
TOTAL		244.575	236.273	301.820
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		235.084	255.176	276.321
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.100	0.100	0.100
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	51.453	18.908	23.331
	Sundry Debtors	1.838	3.933	2.110
	Cash & Bank Balances	11.228	18.943	36.591
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	51.454	38.438	24.121
Total Current Assets		115.973	80.222	86.153
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	62.150	62.164	32.960
	Other Current Liabilities	39.594	37.291	27.975
	Provisions	4.992	0.000	0.127
Total Current Liabilities		106.736	99.455	61.062
Net Current Assets		9.237	[19.233]	25.091
MISCELLANEOUS EXPENSES		0.154	0.230	0.308
TOTAL		244.575	236.273	301.820

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Sales, Services and Advertisement Income	356.839	138.096	9.214
		Other Income	2.008	8.617	1.459
		TOTAL (A)	358.847	146.713	10.673
Less	EXPENSES
		Operating Expenses and Overheads	243.958	148.632	113.777
		TOTAL (B)	243.958	148.632	113.777
	PROFIT/[LOSS] BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		114.889	[1.919]	[103.104]
Less	FINANCIAL EXPENSES (D)		33.128	31.806	19.035
	PROFIT/[LOSS] BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		81.761	[33.725]	[122.139]
Less/ Add	DEPRECIATION/ AMORTISATION (F)		21.319	22.278	13.074
	PROFIT / [LOSS] BEFORE TAX (E-F) (G)		60.442	[56.003]	[135.213]
Less	TAX (H)		3.780	5.792	8.727
	PROFIT / [LOSS] AFTER TAX (G-H) (I)		56.662	[61.795]	[143.940]
Add /Less	Prior period Income / Expenditure		[0.672]	0.013	0.000
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		[205.439]	[143.657]	0.283
	BALANCE CARRIED TO THE B/S		[149.449]	[205.439]	[143.657]
	Earnings/[Loss] Per Share (Rs.)		45.33	-	-

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	15.79	[42.12]	[1348.64]
Net Profit Margin (PBT/Sales)	(%)	16.94	[40.55]	[1467.47]
Return on Total Assets (PBT/Total Assets}	(%)	17.22	[16.70]	[37.30]
Return on Investment (ROI) (PBT/Networth)		2.05	[0.27]	[3.36]
Debt Equity Ratio (Total Liability/Networth)		10.46	90.01	7.81
Current Ratio (Current Asset/Current Liability)		1.09	0.81	1.41

LOCAL AGENCY FURTHER INFORMATION

Sundry Creditors Details :

Rs. in millions

Particulars	31.03.2011	31.03.2010	31.03.2009
Sundry Creditors	62.150	62.164	32.960

Bankers Charges Report as per Registry

This form is for	Creation of charge
Corporate identity number of the company	U92120PN2007PLC129574
Name of the company	NEO TELEVISION LIMITED
Address of the registered office or of the principal place of business in India of the company	Office No 9 and 10, 5th Floor, Akshay Complex, Pushpak Park, Aundh, Pune – 411007, Maharashtra, India
Type of charge	Others – fixed assets
Particular of charge holder	The Cosmos Co-Operative Bank Limited, Laxmi Road Branch, 269/270, Shaniwar Peth, Pune – 411030, Maharashtra, India Email : parkhivazecs@vsnl.net
Nature of description of the instrument creating or modifying the charge	Deed of hypothecation of stock, book debts and machinery
Date of instrument Creating the charge	27.03.2008
Amount secured by the charge	Rs.267.500 millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest - Interest: 13% p.a. presently applicable Terms of Repayment - Repayment period: 63 months including 3 months moratorium period. Emi for 60 months will be started from october 2008 Margin – Margin: 25% in bank's favour Extent and Operation of the charge - The charge will continue to operate till full repayment of the facility enjoyed by the company Others - Facility: term loan
Short particulars of the property charged	Fixed assets of the company situated at Spl, Sakal Bhavan, Plot No. 428, Sector II, CBD Belapur, Navi Mumbai 400614 or at any other place in India from where company carry on its business

FIXED ASSETS :

• Computer Softwares
• Board Casting
• Van
• Licenses Fees
• Furniture and Fixtures
• Lighting
• Office Equipments

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.49.12
UK Pound	1	Rs.77.84
Euro	1	Rs.64.74

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	4
--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		28

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.