MIRA INFORM REPORT

Report Date :

25.02.2012

IDENTIFICATION DETAILS

Name :	WIMBLEDON PUBLISHING COMPANY INDIA PRIVATE LIMITED
Registered Office :	E-47/2, Okhla Industrial Area, Phase-II, New Delhi – 110 020
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	23.11.2006
Com. Reg. No.:	55-155810
Capital Investment / Paid-up Capital :	Rs.0.100 million
CIN No.: [Company Identification No.]	U22219DL2006PTC155810
Legal Form :	Private Limited Liability Company
Line of Business :	Publisher of innovative academic research, educational material and reference works in established and emerging fields.
No. of Employees :	10 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ca (15)

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 a 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 on a 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 – September 30, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
India	A1	A1

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

INFORMATION PARTED BY

Name :	Ms. Saluja
Designation :	Manager
Contact No.:	91-11-41329533
Date :	16.02.2012

LOCATIONS

Registered Office :	E-47/2, Okhla Industrial Area, Phase-II, New Delhi – 110 020, India
Tel. No.:	91-11-41329533
Fax No.:	Not Available
E-Mail :	suneet1010@gmail.com wpcipl@gmail.com india@wpcpress.com
Website :	www.wpcpress.com www.anthempress.com
Branch Office 1 :	75-76 Blackfriars Road, London SE1 8HA, United Kingdom
Tel. No.:	+44 (0)20 7401 4200
Fax No.:	+44 (0)20 7401 4201
E-Mail :	info@wpcpress.com
Branch Office 2 :	244 Madison Ave. #116, New York | NY 10016, United States
Tel. No.:	+1 646 736 7908
Fax No.:	+1 646 839 2934
E-Mail :	info@wpcpress.com

DIRECTORS

As on 30.09.2010

Name :

Mr. Kamaljit Singh Sood

Designation :

Additional Director

Address :

33 Compton Road, London, SW197QA, United Kingdom

Date of Appointment :

21.02.2009

DIN No.:

02162169

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	U45200TN2006PTC061124	Harmonia Enterprises Private Limited	Director	14-09-06	14-09-06	Active	NO
2	U72200TN2003PTC050393	RGTI Enterprises Private Limited	Director	05-10-07	05-10-07	Active	NO
3	U22219DL2006PTC155810	Wimbledon Publishing Company India Private Limited	Additional director	21-02-09	21-02-09	Active	NO

Name :

Mr. Tej Sood

Designation :

Director

Address :

Flat 2, First Floor, 67 Norroy Road, London, SW151PH, United Kingdom

Date of Appointment :

23.03.2009

DIN No.:

02751792

KEY EXECUTIVES

Name :	Ms. Saluja
Designation :	Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2010

Names of Shareholders	No. of Shares
Wimbledon Publishing Company Limited, United Kingdom	9900
Abhijit Mazumder	100
Total	10000

As on 30.09.2010

Equity Share Breakup	Percentage of Holding
Category
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others]	99.00
Directors or relatives of directors	1.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Publisher of innovative academic research, educational material and reference works in established and emerging fields.
Trade Name :	Anthem Press India
Terms :
Selling :	Cash and Credit (30 days)
Purchasing :	Cash and Credit (30 days)

GENERAL INFORMATION

Customers :	Wholesalers, Retailers and Others
No. of Employees :	10 (Approximately)
Bankers :	Not Available

Banking Relations :	--
Auditors :
Name :	K.N.R Associates Chartered Accountants
Address :	126, Muthumariamman Koil Street, Pondicherry – 605 001, Pondicherry, India
Income-tax PAN of auditor or auditor's firm :	AAAFK5300R
Associate Concern :	Wimbledon Publishing Company U.K.
Sister Concerns :	Anthem Press Address: 75-76 Blackfriars Road, London SE1 8HA, United Kingdom Tel. No.: +44 (0)20 7401 4200 Fax No.: +44 (0)20 7401 4201 Line of Business: Publisher of innovative academic research, educational material and reference works in established and emerging fields.

CAPITAL STRUCTURE

As on 31.03.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
50000	Equity Shares	Rs.10/- each	Rs.0.500 million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Rs.10/- each	Rs.0.100 million

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2010	31.03.2009	31.03.2008
SHAREHOLDERS FUNDS
1] Share Capital		0.100	0.100	0.100
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		0.000	0.000	0.000
4] (Accumulated Losses)		(4.264)	(3.910)	(1.892)
NETWORTH		(4.164)	(3.810)	(1.792)
LOAN FUNDS
1] Secured Loans		0.000	0.000	0.000
2] Unsecured Loans		1.302	1.300	1.050
TOTAL BORROWING		1.302	1.300	1.050
DEFERRED TAX LIABILITIES		0.000	0.000	0.001
TOTAL		(2.862)	(2.510)	(0.741)
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.107	0.045	0.049
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.000	0.000	0.000
DEFERRED TAX ASSETS		0.005	0.007	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	2.034	2.042	2.018
	Sundry Debtors	0.592	0.850	2.099
	Cash & Bank Balances	0.067	0.006	0.162
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	0.030	0.030	0.030
Total Current Assets		2.723	2.928	4.309
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	5.221	5.473	5.085
	Other Current Liabilities	0.455	0.000	0.000
	Provisions	0.024	0.024	0.024
Total Current Liabilities		5.700	5.497	5.109
Net Current Assets		(2.977)	(2.569)	(0.800)
MISCELLANEOUS EXPENSES		0.003	0.007	0.010
TOTAL		(2.862)	(2.510)	(0.741)

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008
	SALES
		BPO Charges	0.332	0.374	1.054
		Sale of Books			2.808
		TOTAL (A)	0.332	0.374	3.862
Less	EXPENSES
		Material Consumed, etc	0.683	2.395	1.898
		Direct Expenses			0.454
		Administrative Expenses			2.959
		Preliminary Expenses written off			0.003
		TOTAL (B)	0.683 (including interest and depreciation)	2.395 (including interest and depreciation)	5.314
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)				(1.452)
Less	INTEREST (D)				0.001
	PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)				(1.453)
Less/ Add	DEPRECIATION/ AMORTISATION (F)				0.015
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)		(0.351)	(2.021)	(1.468)
Less	TAX (H)		0.003	(0.003)	0.024
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)		(0.354)	(2.018)	(1.492)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		NA	NA	(0.400)
	BALANCE CARRIED TO THE B/S		NA	NA	(1.892)
	EARNINGS IN FOREIGN CURRENCY		0.261	0.063	1.054
	Earnings Per Share (Rs.)		(35.40)	(201.82)	(149.21)

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
PAT / Total Income	(%)	(106.63)	(539.57)	(38.63)
Net Profit Margin (PBT/Sales)	(%)	(105.72)	(540.37)	(38.01)
Return on Total Assets (PBT/Total Assets}	(%)	(12.40)	(67.98)	(33.69)
Return on Investment (ROI) (PBT/Networth)		0.08	0.53	0.82
Debt Equity Ratio (Total Liability/Networth)		(1.68)	(1.78)	(3.44)
Current Ratio (Current Asset/Current Liability)		0.48	0.53	0.84

LOCAL AGENCY FURTHER INFORMATION

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	----------------------
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	No
13) Reasons for variation <> 20%	No
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	No
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	----------------------
29) Last accounts filed at ROC	----------------------
30) Major Shareholders, if available	----------------------

Note:

The registered office of the company has been shifted from E-47/2, Okhla Phase – I, New Delhi – 110 020 to the present address w.e.f. 09.12.2011.

FINANCIAL RESULTS:

During the year the Company has achieved Turnover of Rs.0.332 million (Previous Year – Rs.0.374 million) and incurred loss of Rs.(0.351) million before tax (Previous Year loss of Rs.2.021 millions). The Company is hopeful of achieving better results in the years to come.

FIXED ASSETS:

v Furniture and Fittings

v Printer

v Scanner

v Electrical Fittings

v Telephone

v Computer

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.49.07
UK Pound	1	Rs.77.19
Euro	1	Rs.65.57

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
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	-
--CREDIT LINES	1~10	1
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	NO
--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		15

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.