MIRA INFORM REPORT

1. Summary Information

		Country	India
Company Name	Ponnmoney Marketing Private Limited	Principal Name 1	Mr. Vincent Fransua Soundarajan
Status	Moderate	Principal Name 2	Mr. Lawrence Mary Seleen Bai
		Registration #	18-45801
Street Address	4, Railway Colony, First Street, Mehta Nagar, Chennai – 600029, Tamilnadu, India
Established Date	25.09.2000	SIC Code	--
Telephone#	91-44-23742883/ 3742885 / 23742887/ 23742867	Business Style 1	Distributors
Fax #	91-44-23742208	Business Style 2	--
Homepage	--	Product Name 1	Household Appliances Goods
# of employees	Not Available	Product Name 2	Electronic Goods
Paid up capital	Rs.2,400,000/-	Product Name 3	Furniture and Other Allied Products.
Shareholders	Directors or relatives of directors- 100%	Banking	Indian Bank
Public Limited Corp.	No	Business Period	12 years
IPO	No	International Ins.	--
Public Enterprise	No	Rating	B (27)
Related Company
Relation	Country	Company Name	CEO
--	--	--	--
Note	--

2. Summary Financial Statement

Balance Sheet as of	31.03.2009		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	42,889,000	Current Liabilities	20,616,000
Inventories	12,653,000	Long-term Liabilities	31,946,000
Fixed Assets	2,350,000	Other Liabilities	375,000
Deferred Assets	0.000	Total Liabilities	52,937,000
Invest& other Assets	4,000	Retained Earnings	2,559,000
		Net Worth	4,959,000
Total Assets	57,896,000	Total Liab. & Equity	57,896,000
Total Assets (Previous Year)	60,680,000
P/L Statement as of	31.03.2009		(Unit: Indian Rs.)
Sales (Including Other Income)	Not Available	Net Profit	Not Available
Sales (Previous yr) (Including Other Income)	225,568,000	Net Profit(Prev.yr)	569,000

MIRA INFORM REPORT

Report Date :

03.02.2012

IDENTIFICATION DETAILS

Name :	PONNMONEY MARKETING PRIVATE LIMITED

Registered Office :	4, Railway Colony, First Street, Mehta Nagar, Chennai – 600029, Tamilnadu

Country :	India

Financials (as on) :	31.03.2009

Date of Incorporation :	25.09.2000

Com. Reg. No.:	18-45801

Capital Investment / Paid-up Capital :	Rs.2.400 Millions

CIN No.: [Company Identification No.]	U29308TN2000PTC045801

TAN No.: [Tax Deduction & Collection Account No.]	CHEP02684D

Legal Form :	Private Limited Liability Company

Line of Business :	Distributors of Household Appliances Goods, Electricals and Electronic Goods, Furniture and Other Allied Products.

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (27)

RATING

STATUS

PROPOSED CREDIT LINE

26-40

Capability to overcome financial difficulties seems comparatively below average.

Small

Maximum Credit Limit :	USD 20000

Status :	Moderate

Payment Behaviour :	Unknown

Litigation :	Clear

Comments :	Subject is an established company having moderate track. The management has not filed the financial of the company with the government department after the year 2009. However, trade relations are reported as fair. Business is active. Payments are unknown. The company can be considered for business dealings with some caution.

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 – September 30, 2011

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

India

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

LOCATIONS

Registered Corporate Office / Warehouse :	4, Railway Colony, First Street, Mehta Nagar, Chennai - 600 029, Tamilnadu, India
Tel. No.:	91-44-23742883/ 3742885 / 23742887/ 23742867
Fax No.:	91-44-23742208
E-Mail :	ponnmoneychennai@touchtelindia.net ponnmoneychennai@airtelmail.in ponnmoneysoundar@yahoo.co.in

DIRECTORS

(AS ON 30.09.2009)

Name :

Mr. Vincent Fransua Soundarajan

Designation :

Director

Address :

25/10, Puliyur First Lane, Trustpuram, 2^nd Main Road, Chennai – 600024, Tamilnadu, India

Date of Birth/Age :

13.01.1973

Date of Appointment :

25.09.2000

DIN No.:

01239879

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	U29308TN2000PTC045801	PONNMONEY MARKETING PRIVATE LIMITED	Whole-time director	25/09/2000	25/09/2000	Active	YES
2	U51103TN2010PTC077546	SS ELITE VENTURES AND TRADING PRIVATE LIMITED	Director	4/10/2010	4/10/2010	Active	NO

Name :

Mr. Lawrence Mary Seleen Bai

Designation :

Director

Address :

Old No.53C, New No.9/53C, 1^st Lane, Pari street, Annanedum Pahai, Choolaimdeu, Chennai – 600094, Tamilnadu, India

Date of Birth/Age :

05.02.1952

Date of Appointment :

25.09.2000

DIN No.:

02627393

Name :

Mr. Arul Daniel Roby Helan Latha Bai

Designation :

Director

Address :

No.3, Kamaraj Nagar, I Street, Choolaimedu, Chennai – 600094, Tamilnadu, India

Date of Birth/Age :

13.07.1964

Date of Appointment :

25.09.2000

DIN No.:

02630069

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	U29308TN2000PTC045801	PONNMONEY MARKETING PRIVATE LIMITED	Director	25/09/2000	25/09/2000	Active	YES
2	U52599TN1996PTC035304	GLADS HOME APPLIANCES PRIVATE LIMITED	Director	30/09/2009	3/6/2009	Active	NO

Name :

Mr. David Wilson Jansi Rani

Designation :

Director

Address :

O. No.50, N. No.68, Gandhi Road, Choolaimedu, Chennai – 600094, Tamilnadu, India

Date of Birth/Age :

12.07.1972

Date of Appointment :

25.09.2000

DIN No.:

02627394

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

(AS ON 30.09.2009)

Names of Shareholders		No. of Shares

Vincent Fransua Soundarajan		60000
Lawrence Mary Seleen Bai		60000
Arul Daniel Roby Helan Latha Bai		60000
David Wilson Jansi Rani		60000

Total		240000

(AS ON 30.09.2009)

Equity Shares Break – up

Category		Percentage

Directors or relatives of directors		100.00

Total		100.00

BUSINESS DETAILS

Line of Business :

Distributors of Household Appliances Goods, Electricals and Electronic Goods, Furniture and Other Allied Products.

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

· Indian Bank

91, First Main Road, Gandhi Nagar, Adyar, Chennai – 600020, Tamilnadu, India

· Bank of Baroda

· Standard Chartered Bank

· American Express Bank

Facilities :

Secured Loans	31.03.2011	31.03.2010
	(Rs. In Millions)

Bank of Baroda – CC	18.101	8.585
Bank of Baroda – OD	4.739	3.215
American Express Bank PL	0.000	0.628
Standard Chartered Bank PL	0.000	13.120
Barclays PL	1.625	3.297
Bajaj Finance	1.395	0.000

Total	25.860	28.845

Unsecured Loans	31.03.2011	31.03.2010
	(Rs. In Millions)

Unsecured Loans	6.086	8.485

Total	6.086	8.485


Banking Relations :	--

Auditors :
Name :	Gayathirri and Company Chartered Accountant
Address :	234 (Old No.217), Thambu Chetty Street, Chennai – 600001, Tamilnadu, India
PAN No.:	AADPV2424L
Tel No.:	91-44-25268081
Email :	gayathri_co@yahoo.cop.in

CAPITAL STRUCTURE

(AS ON 30.09.2009)

Authorised Capital :

No. of Shares	Type	Value	Amount

240000	Equity Share	Rs.10/- each	Rs.2.400 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

240000	Equity Share	Rs.10/- each	Rs.2.400 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2009	31.03.2008	31.03.2007
SHAREHOLDERS FUNDS
1] Share Capital		2.400	0.600	0.600
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		2.559	3.696	3.127
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		4.959	4.296	3.727
LOAN FUNDS
1] Secured Loans		25.860	28.845	15.648
2] Unsecured Loans		6.086	8.485	3.735
TOTAL BORROWING		31.946	37.330	19.383
DEFERRED TAX LIABILITIES		0.000	0.000	0.000

TOTAL		36.905	41.626	23.110

APPLICATION OF FUNDS

FIXED ASSETS [Net Block]		2.350	2.535	2.783
Capital work-in-progress		0.000	0.000	0.000

INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		0.000	0.000	0.000

CURRENT ASSETS, LOANS & ADVANCES
	Inventories	12.653	12.375	7.044
	Sundry Debtors	31.532	32.744	27.857
	Cash & Bank Balances	0.086	1.873	0.402
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	11.271	11.144	7.326
Total Current Assets		55.542	58.136	42.629
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	20.438	18.617	21.985
	Other Current Liabilities	0.178	0.132	0.105
	Provisions	0.375	0.305	0.225
Total Current Liabilities		20.991	19.054	22.315
Net Current Assets		34.551	39.082	20.314

MISCELLANEOUS EXPENSES		0.004	0.009	0.013

TOTAL		36.905	41.626	23.110

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2009	31.03.2008	31.03.2007
	SALES
		TOTAL	NA	225.568	226.066

Less	EXPENSES
		TOTAL	NA	224.694	225.549

	PROFIT BEFORE TAX		1.038	0.874	0.517

Less	TAX		NA	0.305	0.225

	PROFIT AFTER TAX		NA	0.569	0.292

	Earnings Per Share (Rs.)		NA	0.95	0.49

KEY RATIOS

PARTICULARS		31.03.2009	31.03.2008	31.03.2007
PAT / Total Income	(%)	NA	0.25	0.13

Return on Total Assets (PBT/Total Assets}	(%)	1.79	1.44	1.14

Return on Investment (ROI) (PBT/Networth)		0.21	0.20	0.14

Debt Equity Ratio (Total Liability/Networth)		10.67	13.12	11.18

Current Ratio (Current Asset/Current Liability)		0.26	3.05	1.9

LOCAL AGENCY FURTHER INFORMATION

FINANCIALS

The company earned a profit of Rs.1.038 Millions after providing Depreciation but before provision for taxation. The directors are confident that during the year 2009-2010 the company will be in a position to maintain the growth rate.

Form 8

Particular for creation or modification of charges

Corporation identity number or foreign company registrations number of the company	U29308TN2000PTC045801
Name of the company	PONNMONEY MARKETING PRIVATE LIMITED
Address	4, Railway Colony, First Street, Mehta Nagar, Chennai - 600 029, Tamilnadu, India ponnmoneychennai@touchtelindia.net
This Form is for	Modification of charge
Type of Charges	Immovable Property
Particular of the charge holder	Indian Bank 91, First Main Road, Gandhi Nagar, Adyar, Chennai – 600020, Tamilnadu, India maria_vel@yahoo.co.in
Nature, description and brief particulars of the instrument(s) creating or modifying the charge	Letter from Party to Bank confirming the creation of Equitable Mortgage in D - 32
Date of the instrument creating or modifying the charge	24/02/2010
Amount secured by the charge	Rs.32.500 Millions
Brief of the principal terms and conditions and extent and operation of the charge	Rate of Interests: As stipulated by the Bank Terms of Repayments: As stipulated by the Bank Margin: As stipulated by the Bank Extent and Operations of the charge: The Charge on the Company's immovable property situated at House, Ground and premises land measuring as extent of 1145.5 Sq. Ft. or thereabout shall be held as security by the Bank till the complete of the existing Overall Credit Limit of Rs.32.500 Millions, together with interest, costs, charges and other expenses.
Short particulars of the property or asset(s) charged	House, Grounds and premises land measuring an extent of 1145.5 Sq. Ft. or thereabouts out of land measuring 1 Ground and 2103 Sq. Ft. together with built up area 563 Sq. Ft in Ground Floor, 607 Sq. Ft. in the First Floor therein bearing present municipal Door No.1, First Street, Railway Colony, Mehta Nagar, Aminjikarai, Chennai - 600 029, comprised in R.S. No.6/3 T.S. No.20, Block No.12.
Particulars of the Property charged	The existing OCC limit of Rs.32.500 Millions is further secured by the Company's immovable property namely., House, Ground and premises land measuring as extent of 1145.5 Sq. Ft. or thereabout out of land measuring 1 Ground and 2103 Sq. Ft. together with built up area 563 Sq. Ft in Ground Floor, 607 Sq. Ft. in the First Floor therein bearing present municipal Door No.1, First Street, Railway Colony, Mehta Nagar, Aminjikarai, Chennai - 600 029, comprised in R.S. No.6/3 T.S. No.20, Block No.12.

FIXED ASSETS

v Land and Building

v Furniture and Fixture

v Computer

v Telecom Equipment

v Electrical Fittings

v Cycle

v Air Conditioner

v Fridge

v Tata Truck

v Generator

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.49.13
UK Pound	1	Rs.77.85
Euro	1	Rs.64.75

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	3
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	3
--CREDIT LINES	1~10	3
--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		27

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.

MIRA INFORM REPORT

12.653

31.532

0.086

0.000

11.271

55.542

20.438

21.985

0.178

0.105

0.375

20.991

34.551

NA

1.79

0.21

10.67

0.26

Unit