MIRA INFORM REPORT

1. Summary Information

		Country	India
Company Name	QUINTESSENTIAL DESIGNS INDIA PRIVATE LIMITED	Principal Name 1	Ms. Aarthi Mudaliyar Madhav
Status	New Company	Principal Name 2	Mr. Rappal Subramaniam Krishna Aiyyappan
		Registration #	18-078263
Street Address	Gee Gee Emarals, # 10, 10^th Floor, 312, Village Road, Nungambakkam, Chennai-600034, Tamilnadu
Established Date	30.11.2010	SIC Code	--
Telephone#	Not Available	Business Style 1	Service Providers
Fax #	Not Available	Business Style 2	--
Homepage	Not Available	Product Name 1	--
# of employees	Not Available	Product Name 2	-
Paid up capital	Rs.30,100,000/-	Product Name 3	--
Shareholders	--	Banking	Not Available
Public Limited Corp.	No	Business Period	--
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	31.03.2011		(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	31.03.2011		(Unit: Indian Rs.)
Sales	--	Net Profit	--
Sales(Previous yr)	--	Net Profit(Prev.yr)	--

MIRA INFORM REPORT

Report Date :

27.02.2012

IDENTIFICATION DETAILS

Name :	QUINTESSENTIAL DESIGNS INDIA PRIVATE LIMITED

Registered Office :	Gee Gee Emarals, # 10, 10^th Floor, 312, Village Road, Nungambakkam, Chennai-600034, Tamilnadu

Country :	India

Date of Incorporation :	30.11.2010

Com. Reg. No.:	18-078263

Capital Investment / Paid-up Capital :	Rs.30.100 Millions

CIN No.: [Company Identification No.]	U74999TN2010PTC078263

Legal Form :	Private Limited Liability Company

Line of Business :	Subject is engaged in fashion designers in the area of textiles fashion garments, apparels, fashion accessories and in any other similar fashion products.

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

RATING

STATUS

PROPOSED CREDIT LINE

New Business

Status :	New Company

Payment Behaviour :	Unknown

Litigation :	Clear

Comments :	Subject is a new company and yet establish itself gradually. Business is active. 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 – 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 Office :	Gee Gee Emarals, # 10, 10^th Floor, 312, Village Road, Nungambakkam, Chennai-600034, Tamilnadu, India
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	raonsantosh@sify.com

DIRECTORS

Name :

Ms. Aarthi Mudaliyar Madhav

Designation :

Director

Address :

D 2, Samas Abhisega Towers, Old No. 60, New No. 111, Baracah Road, Kilpauk, Chennai-600010, Tamilnadu, India

Date of Birth/Age :

20.03.1970

Date of Appointment :

12.09.2011

Din No.:

03114636

Other Directorship:

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

U74999TN2010PTC078263

QUINTESSENTIAL DESIGNS INDIA PRIVATE LIMITED

Director

12-09-11

Active

U52322TN2011PTC083028

SEATOMAN EXPORTS PRIVATE LIMITED

Director

08-11-11

Active

Name :

Mr. Rappal Subramaniam Krishna Aiyyappan

Designation :

Director

Address :

Suite 41, Kaveri Complex, 96 and 104, N H Road, Chennai-600034, Tamilnadu, India

Date of Birth/Age :

20.11.1961

Date of Appointment :

30.11.2010

Date of Ceasing:

26.09.2011

Din No.:

01666982

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	U55101TN2007PTC063431	WAK HOMES AND FASHIONS PRIVATE LIMITED	Director	09-05-07	09-05-07	-	Active	NO
2	U74140TN2007PTC065369	KRISHWAY CONSULTING PRIVATE LIMITED	Director	29-11-07	29-11-07	-	Strike off	NO
3	U74999TN2010PTC078263	QUINTESSENTIAL DESIGNS INDIA PRIVATE LIMITED	Director	30-11-10	30-11-10	26-09-11	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 20.11.2010

Names of Shareholders		No. of Shares
Rappal Subramaniam Krishna Aiyyappan		9999
Wayre Alexander Spear		1

Total		10000

As on 30.09.2011

Names of Allottees		No. of Shares
Wak Homes and Fashions Private Limited, India		3000000

Total		3000000

BUSINESS DETAILS

Line of Business :

Subject is engaged in fashion designers in the area of textiles fashion garments, apparels, fashion accessories and in any other similar fashion products.

GENERAL INFORMATION

Bankers :

Not Available


Banking Relations :	--

Auditors :	Not Available

CAPITAL STRUCTURE

Authorised Capital :

No. of Shares	Type	Value	Amount
3100000	Equity Shares	Rs.10/- each	Rs.31.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
3010000	Equity Shares	Rs.10/- each	Rs.30.100 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

NEW COMPANY

LOCAL AGENCY FURTHER INFORMATION

NIL

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

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

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