MIRA INFORM REPORT

Report Date :

30.01.2012

IDENTIFICATION DETAILS

Name :	BRAND WAGON MARKETING PRIVATE LIMITED (w.e.f. 23.02.2010)
Formerly Known As :	DYMIUM MARKETING PRIVATE LIMITED
Registered Office :	635/1/B, New Gajara Society, Bibwewadi, Pune – 411037, Maharashtra
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	14.08.2008
Com. Reg. No.:	11-132625
Capital Investment / Paid-up Capital :	Rs.0.100 Million
CIN No.: [Company Identification No.]	U74900PN2008PTC132625
TAN No.: [Tax Deduction & Collection Account No.]	PNED06356A
PAN No.: [Permanent Account No.]	AACCD9592R
Legal Form :	Private Limited Liability Company
Line of Business :	Supplier and Marketer of Tonic water, Soda water, Bitter Lemon and Ginger Ale, etc.
No. of Employees :	100 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ca (14)

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.

INFORMATION PARTED BY

Name :	Mr. Raghav
Designation :	Accounts Manager
Contact No.:	91-22-32255100
Date :	27.01.2012

LOCATIONS

Registered Office :	635/1/B, New Gajara Society, Bibwewadi, Pune – 411037, Maharashtra, India
Tel. No.:	91-20-30915999
Fax No.:	91-20-24411455
E-Mail :	accounts@greenwayshealthcare.com accounts@dymium.co.in
Location :	Owned
Marketing Office :	401/A Wing, Shubham Center 2, Chakala, Andheri (East), Mumbai – 400099, Maharashtra, India
Tel. No.:	91-22-32255100
Fax No.:	91-22-32255100

DIRECTORS

As on 29.09.2011

Name :

Mr. Ashok Dagaduram Chopda

Designation :

Additional director

Address :

635-1-B, New Gajara Society, Bibwewadi, Pune – 411037, Maharashtra, India

Date of Birth/Age :

06.3.1946

Date of Appointment :

01.01.2010

DIN No.:

00511937

Other Directorship :

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
U24249PN2006PTC021788	GreenWays Healthcare Private Limited	Director	5/01/2006	5/01/2006	-	Active	YES
U29150PN2006PTC021959	Pushpam Agro Farms Private Limited	Director	3/02/2006	3/02/2006	-	Active	YES
U74900PN2008PTC132625	Brand Wagon Marketing Private Limited	Additional director	1/01/2010	14/08/2008	-	Active	NO
U51220PN2009PTC134365	Greenways Foods and Beverages Distribution Private Limited	Director	23/07/2009	23/07/2009	-	Active	NO

Name :

Mr. Sachin Ashok Chopda

Designation :

Director

Address :

635-1-B, New Gajara Society, Bibwewadi, Pune – 411037, Maharashtra, India

Date of Birth/Age :

06.07.1971

Date of Appointment :

14.08.2008

DIN No.:

00511960

Other Directorship :

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
U24249PN2006PTC021788	GreenWays Healthcare Private Limited	Director	5/01/2006	5/01/2006	-	Active	YES
U74900PN2008PTC132625	Brand Wagon Marketing Private Limited	Director	14/08/2008	14/08/2008	-	Active	NO
U51220PN2009PTC134365	Greenways Foods and Beverages Distribution Private Limited	Director	23/07/2009	23/07/2009	-	Active	NO
U15139PN2010PTC136479	Rmp Brand Wagon Marketing Private Limited	Director	2/06/2010	2/06/2010	-	Active	NO
U72900PN2010PTC137200	Pushpam Computers and Software Private Limited	Director	26/08/2010	26/08/2010	-	Active	NO
U15500PN2010PTC137199	Brand Wagon Beverages Private Limited	Director	26/08/2010	26/08/2010	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Raghav
Designation :	Accounts Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 29.09.2011

Names of Shareholders	No. of Shares
Ashok Dagaduram Chopda	1800
Sachin Ashok Chopda	1800
Rajendra Ashok Chopda	1800
Shreekant Ashok Chopda	1800
Chetan Ashok Chopda	1800
Lalit Shingavi	1000
Total	10000

Equity Share Break up (Percentage of Total Equity)

As on 29.09.2011

Category	Percentage
Directors or relatives of Directors	90.00
Other top fifty shareholders	10.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Supplier and Marketer of Tonic water, Soda water, Bitter Lemon and Ginger Ale, etc.
Terms :
Selling :	Cash/ Credit
Purchasing :	Cash/ Credit

GENERAL INFORMATION

Suppliers :

Agrawal Sales Corporation

Customers :

Wholesalers and Retailers

· Roshni Marketing

No. of Employees :

100 (Approximately)

Bankers :

· Union Bank of India, Bibewewadi, Pune, Maharashtra, India

· Canara Bank

Facilities :

Unsecured Loan	As on 31.03.2011 (Rs. in Millions)	As on 31.03.2010 (Rs. in Millions)
Ashok Chopda	1.637	1.337
Rajendra Chopda	0.488	0.488
Sachin Chopda	0.995	0.454
Chetan Chopda	0.350	0.000
Lalit Sanghvi	3.000	0.000
P.A. Chopda	1.000	0.000
Greenways Healthcare Private Limited	1.730	1.900
Pushpam Computer and Softech	0.550	0.019
Pushpam Communication	0.215	0.000
Pushparn Services	0.285	0.000
Pushsoft Technology	0.250	0.000
Total	10.500	4.198

Banking Relations :	--
Auditors :
Name :	Vakharia Shah and Associates Chartered Accountants
Address :	7/2, Shivdarshan Chambers, Opposite Shivaji Statue, 457/458 Market Yard Road, Pune – 411037, Maharashtra, India
Tel. No.:	91-20-24267894
Fax No.:	91-20-24261894
PAN.:	AAHFV1142M
Related Party :	· Greenways Healthcare Private Limited · Pushpam Computers and Software Private Limited · Pushpam Foods and Beverages Private Limited

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Rs.10/- each	Rs.0.100 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		31.03.2011	31.03.2010	31.03.2009
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)		(1.052)	(0.462)	(0.528)
NETWORTH		(0.952)	(0.362)	(0.428)
LOAN FUNDS
1] Secured Loans		0.000	0.000	0.000
2] Unsecured Loans		10.500	4.198	0.000
TOTAL BORROWING		10.500	4.198	0.000
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		9.548	3.836	(0.428)
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.035	0.016	0.294
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	0.000	0.000	0.181
	Sundry Debtors	5.175	0.000	0.000
	Cash & Bank Balances	1.045	0.301	0.048
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	3.475	3.532	0.248
Total Current Assets		9.695	3.833	0.477
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.066	0.000	0.249
	Other Current Liabilities	0.095	0.039	0.993
	Provisions	0.043	0.007	0.000
Total Current Liabilities		0.204	0.046	1.242
Net Current Assets		9.491	3.787	(0.765)
MISCELLANEOUS EXPENSES		0.022	0.033	0.043
TOTAL		9.548	3.836	(0.428)

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	5.227	0.862	0.181
		Other Income
		TOTAL	5.227	0.862	0.181
Less	EXPENSES
		Office Expenses
		Administrative Expenses	5.817	0.796	0.709
		Advertising Expenses
		TOTAL	5.817	0.796	0.709
	PROFIT/ (LOSS) BEFORE TAX		(0.590)	0.066	(0.528)
Less	TAX		0.000	0.000	0.000
	PROFIT/ (LOSS) AFTER TAX		(0.590)	0.066	(0.528)
	BALANCE CARRIED TO THE B/S		(0.590)	0.066	(0.528)
	Earnings/ (Loss) Per Share (Rs.)		(59.00)	6.60	(52.80)

Expected Sales (2011-12) : Rs.20.000 Millions

The above information has been parted by Mr. Raghav.

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	11.29	7.66	291.71
Return on Total Assets (PBT/Total Assets}	(%)	(6.06)	1.71	(68.48)
Return on Investment (ROI) (PBT/Networth)		(0.62)	0.18	(1.23)
Debt Equity Ratio (Total Liability/Networth)		11.24	11.72	2.90
Current Ratio (Current Asset/Current Liability)		47.52	83.33	0.38

LOCAL AGENCY FURTHER INFORMATION

DETAILS OF SUNDRY CREDITORS

(Rs. In Millions)

PARTICULARS	31.03.2011	31.03.2010	31.03.2009
Sundry Creditors for Goods	0.040	0.000	0.249
Sundry Creditors for Expenses	0.026	0.000	0.000
Total	0.066	0.000	0.249

Note: The registered address of the company ‘Shop No. 6, Samarat Towers, S. No. 16/163, Sukhsagar Nagar, Kataraj, Pune – 411046, Maharashtra, India’ has been shifted to the present address w.e.f. 11.01.2010

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 one year	Yes
12) Profitability for last three years	No
13) Reasons for variation <> 20%	No
14) Estimation for coming financial year	Yes
15) Capital in the business	No
16) Details of sister concerns	Yes
17) Major suppliers	Yes
18) Major customers	Yes
19) Payments terms	Yes
20) Export / Import details (if applicable)	No
21) Market information	--
22) Litigations that the firm / promoter	--
23) Banking Details	Yes
24) Banking facility details	No
25) Conduct of the banking account	--
26) Buyer visit details	--
27) Financials, if provided	No
28) Incorporation details, if applicable	--
29) Last accounts filed at ROC	--
30) Major Shareholders, if available	--

TRADE REFERENCES

· Roshni Marketing

· Agrawal Sales Corporation

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.49.65
UK Pound	1	Rs.77.80
Euro	1	Rs.65.05

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	2
--PROFITABILIRY	1~10	1
--LIQUIDITY	1~10	2
--LEVERAGE	1~10	1
--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		14

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.