MIRA INFORM REPORT

Report Date :

13.07.2012

IDENTIFICATION DETAILS

Name :	ADVENT BRAND HOUSE INDIA PRIVATE LIMITED (w.e.f. 04.02.2011)
Formerly Known As :	ADVENT AGRO ENERGY PRIVATE LIMITED
Registered Office :	162, Maker Chambers III, 16^th Floor, 223, Nariman Point, Mumbai – 400021, Maharashtra
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	24.04.2008
Com. Reg. No.:	11-181510
Capital Investment / Paid-up Capital :	Rs.0.100 Million
CIN No.: [Company Identification No.]	U01403MH2008PTC181510
TAN No.: [Tax Deduction & Collection Account No.]	MUMA39148E
PAN No.: [Permanent Account No.]	AAGCA9979O
Legal Form :	Private Limited Liability Company
Line of Business :	Trader and Importer of Alcoholic Beverages
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ca (11)

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 and delayed
Litigation :	Clear
Comments :	Subject is a company having moderate track. Even though the company was incorporated during the year 2008, it has commenced its business activities in the year 2010-11. It has incurred loss during the year. Business is active. Payments are reported to be slow and delayed. Initially, 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	A1	A1

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

LOCATIONS

Registered Office :	162, Maker Chambers III, 16^th Floor, 223, Nariman Point, Mumbai – 400021, Maharashtra, India
Tel. No.:	91-22-40945000
Fax No.:	91-22-40945001
E-Mail :	maheshkca@hotmail.com contactus@advent.net.in
Website :	www. advent.net.in www.adventsports.in
Head Office :	S 206, Grand Mall, MG Road,  Gurgaon - 122022, India
Tel. No.:	91-124-4256390

DIRECTORS

As on 30.09.2011

Name :

Mr. Bharat Kadayam Ramnathan

Designation :

Director

Address :

Flat 6AB / 7AB, Mona Co-oprative, HSG. 46 –F, B.D. Road, Mumbai – 400026, Maharashtra, India

Date of Birth/Age :

23.06.1962

Date of Appointment :

24.04.2008

DIN No.:

00584367

Other Directorship

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U74140MH2002PTC137141	SHREYAS ADVISORY SERVICES PRIVATE LIMITED	Director	11/09/2002	11/09/2002	-	Active	NO
2	U74140MH2002PTC137142	ADVENT ADVISORY SERVICES PRIVATE LIMITED	Director	11/09/2002	11/09/2002	-	Active	NO
3	U74899DL1989PTC038603	N.S EXPORTS PRIVATE LIMITED	Director	25/01/2006	25/01/2006	10/01/2007	Active	NO
4	U29244GA2003PTC003328	MODEL INFRA CORPORATION PRIVATE LIMITED	Director	01/04/2006	01/04/2006	28/04/2008	Active	NO
5	U74140MH2006PLC160952	BSR ADVENT ADVISORS LIMITED	Director	04/04/2006	04/04/2006	-	Active	NO
6	U74996DL2006PLC150652	UTTRANCHAL BIODIESEL LIMITED	Additional director	10/07/2006	10/07/2006	11/10/2010	Active	NO
7	U23209UR2004PLC032537	UTTARANCHAL BIO FUELS LIMITED	Additional director	15/11/2006	15/11/2006	11/10/2010	Active	NO
8	L63090MH1983PLC031418	Mercator Limited	Director	26/09/2007	30/07/2007	-	Active	NO
9	U01403MH2008PTC181510	ADVENT BRAND HOUSE INDIA PRIVATE LIMITED	Director	24/04/2008	24/04/2008	-	Active	NO
10	U70102MH2007PTC176950	VICTORY REALTORS PRIVATE LIMITED	Additional director	06/06/2008	06/06/2008	11/03/2011	Active	NO
11	U23200GJ1984PLC007064	MARUTI KOATSU CYLINDERS LIMITED	Director	01/09/2008	01/09/2008	-	Active	NO
12	U65999MH2008PTC187612	ADVENT BUSINESS ADVISORY SERVICES PRIVATE LIMITED	Director	16/10/2008	16/10/2008	-	Active	NO
13	U35110MH1997PTC111343	VAITARNA MARINE INFRASTRUCTURE PRIVATE LIMITED	Director	30/09/2009	16/09/2009	-	Active	NO
14	U74120MH2010PTC210287	ADVENT SPORTS MANAGEMENT PRIVATE LIMITED	Director	24/11/2010	24/11/2010	-	Active	NO
15	U74120MH2012PTC229065	ADVENT CAPITAL ADVISORS PRIVATE LIMITED	Director	31/03/2012	31/03/2012	-	Active	NO

Name :

Mr. Sanjit Kumar Padhi

Designation :

Director

Address :

C-10/1, 2^nd Floor, Vasant Vihar, Near C Block Marjet, New Delhi – 110057, India

Date of Birth/Age :

08.09.1961

Date of Appointment :

09.02.2011

DIN No.:

02332612

Other Directorship

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U65999MH2008PTC187612	ADVENT BUSINESS ADVISORY SERVICES PRIVATE LIMITED	Director	16/10/2008	16/10/2008	-	Active	NO
2	U74120MH2010PTC210287	ADVENT SPORTS MANAGEMENT PRIVATE LIMITED	Director	24/11/2010	24/11/2010	-	Active	NO
3	U01403MH2008PTC181510	ADVENT BRAND HOUSE INDIA PRIVATE LIMITED	Director	09/02/2011	09/02/2011	-	Active	NO
4	U15122DL2011PTC219241	HIMALAYAN ALES PRIVATE LIMITED	Director	26/05/2011	26/05/2011	-	Active	NO
5	U74900DL2011PTC224478	VS ABSENTIA SERVICES PRIVATE LIMITED	Director	02/09/2011	02/09/2011	-	Active	NO
6	AAA-7611	MARICON SYSTEMS INDIA LLP	Body corporate as Designated Partner	12/01/2012	12/01/2012	-	Active	NO

Name :

Mr. Sanjay Jagdish Poddar

Designation :

Director

Address :

305/306, Magnum Towers Lokhandwala Complex, Andheri (West), Mumbai 400058, Maharashtra, India

Date of Birth/Age :

22.08.1961

Date of Appointment :

24.04.2008

DIN No.:

00297850

Other Directorship

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U74899DL1982PTC029057	A.U. ASSOCIATES PRIVATE LIMITED	Director	05/03/1994	05/03/1994	13/03/2007	Active	NO
2	U74899DL1988PTC032052	DELHI FOOTWEAR UDYOG PRIVATE LIMITED	Director	05/04/1994	05/04/1994	13/03/2007	Active	NO
3	U99999MH1987PTC118162	CS MERCHANDISE PRIVATE LIMITED	Director	01/04/1995	01/04/1995	-	Active	NO
4	U67120MH2000PLC123968	SARVAPRATHAM INVESTMENT LIMITED	Director	01/03/2000	01/03/2000	-	Active	NO
5	U27100MH2003PTC139622	SHAKTIMAN STEEL CASTINGS PRIVATE LIMITED	Director	10/08/2003	10/08/2003	-	Active	NO
6	U74140MH2002PTC137142	ADVENT ADVISORY SERVICES PRIVATE LIMITED	Director	22/07/2005	22/07/2005	-	Active	NO
7	U74899DL1989PTC038603	N.S EXPORTS PRIVATE LIMITED	Director	25/01/2006	25/01/2006	10/01/2007	Active	NO
8	U74140MH2006PLC160952	BSR ADVENT ADVISORS LIMITED	Director	04/04/2006	04/04/2006	-	Active	NO
9	U74996DL2006PLC150652	UTTRANCHAL BIODIESEL LIMITED	Additional director	10/07/2006	10/07/2006	-	Active	NO
10	U70100MH2005PTC150555	AADYA PROPERTIES PRIVATE LIMITED	Director	25/08/2006	25/08/2006	-	Active	NO
11	U23209UR2004PLC032537	UTTARANCHAL BIO FUELS LIMITED	Additional director	15/11/2006	15/11/2006	-	Active	NO
12	U15314MH1988PTC138845	NUTAN AGRO INDUSTRIES PRIVATE LIMITED	Director	16/06/2007	16/06/2007	10/01/2011	Active	NO
13	U01403MH2008PTC181510	ADVENT BRAND HOUSE INDIA PRIVATE LIMITED	Director	24/04/2008	24/04/2008	-	Active	NO
14	U70102MH2007PTC176950	VICTORY REALTORS PRIVATE LIMITED	Additional director	28/05/2008	28/05/2008	03/06/2011	Active	NO
15	U01407MH2008PTC183220	ADVENT ALTERNATIVE INFRAPROJECTS PRIVATE LIMITED	Director	05/06/2008	05/06/2008	-	Active	NO
16	U65999MH2008PTC187612	ADVENT BUSINESS ADVISORY SERVICES PRIVATE LIMITED	Director	16/10/2008	16/10/2008	-	Active	NO
17	U74120MH2012PTC229065	ADVENT CAPITAL ADVISORS PRIVATE LIMITED	Director	31/03/2012	31/03/2012	-	Active	NO

Name :

Mr. Vinod Giri

Designation :

Director

Address :

26, Huntsmore House, Pembroke Road, London – W86LZ, United Kingdom,

Date of Birth/Age :

15.08.1966

Date of Appointment :

05.04.2011

DIN No.:

03387323

Other Directorship

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U74120MH2010PTC210287	ADVENT SPORTS MANAGEMENT PRIVATE LIMITED	Director	05/04/2011	05/04/2011	-	Active	NO
2	U01403MH2008PTC181510	ADVENT BRAND HOUSE INDIA PRIVATE LIMITED	Director	05/04/2011	05/04/2011	-	Active	NO
3	U74900DL2011PTC224478	VS ABSENTIA SERVICES PRIVATE LIMITED	Director	02/09/2011	02/09/2011	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2011

Names of Shareholders	No. of Shares
Bharat Kadayam Ramnathan	5000
Sanjay Jagdish Poddar	5000
Vinod Giri	150000
Advent Business Advisory Services Private Limited, India	50000
Total	210000

As on 30.09.2011

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	71.42
Bodies corporate	23.81
Directors or relatives of Directors	4.77
Total	100.00

BUSINESS DETAILS

Line of Business :

Trader and Importer of Alcoholic Beverages

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

Not Available

Facilities :

(Rs. In Millions)

Unsecured Loan	As on 31.03.2011	As on 31.03.2010
From Director	0.071	0.000
Total	0.071	0.000

Banking Relations :	--
Auditors :
Name :	Bhansali and Jhaveri Chartered Accountant
Address :	11-A, Silk House, 630, J S Sheth Road, Dhobi Talao, Mumbai – 400002, Maharashtra, India
PAN.:	AAAPB7469E

CAPITAL STRUCTURE

After 30.09.2011

Authorised Capital : Rs.10.000 Millions

Issued, Subscribed & Paid-up Capital : Rs.7.400 Millions

As on 30.09.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
1000000	Equity Shares	Rs.10/- each	Rs.10.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
210000	Equity Shares	Rs.10/- each	Rs.2.100 Millions

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
1000000	Equity Shares	Rs.10/- each	Rs.10.000 Millions

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		2.000	0.000	0.000
3] Reserves & Surplus		0.000	0.000	0.000
4] (Accumulated Losses)		(0.176)	(0.002)	(0.001)
NETWORTH		1.924	0.098	0.099
LOAN FUNDS
1] Secured Loans		0.000	0.000	0.000
2] Unsecured Loans		0.071	0.000	0.000
TOTAL BORROWING		0.071	0.000	0.000
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		1.995	0.098	0.099
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.000	0.000	0.000
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	0.000
	Sundry Debtors	0.000	0.000	0.000
	Cash & Bank Balances	1.281	0.070	0.070
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	0.704	0.000	0.000
Total Current Assets		1.985	0.070	0.070
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.007	0.002	0.001
	Other Current Liabilities	0.007	0.000	0.000
	Provisions	0.000	0.000	0.000
Total Current Liabilities		0.014	0.002	0.001
Net Current Assets		1.971	0.068	0.069
MISCELLANEOUS EXPENSES		0.024	0.030	0.030
TOTAL		1.995	0.098	0.099

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	NA	NA	NA
		Other Income
		TOTAL	NA	NA	NA
Less	EXPENSES
		Office Expenses
		Administrative Expenses	NA	NA	NA
		Advertising Expenses
		TOTAL	NA	NA	NA
	PROFIT BEFORE TAX		(0.174)	(0.001)	(0.001)
Less	TAX		0.000	0.000	0.000
	PROFIT AFTER TAX		(0.174)	(0.001)	(0.001)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		(0.002)	(0.001)	0.000
	BALANCE CARRIED TO THE B/S		(0.176)	(0.002)	(0.001)
	Earnings Per Share (Rs.)		(17.600)	NA	NA

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
Return on Total Assets (PBT/Total Assets}	(%)	(8.77)	(1.43)	(1.43)
Return on Investment (ROI) (PBT/Networth)		(0.09)	(0.01)	(0.01)
Debt Equity Ratio (Total Liability/Networth)		0.04	0.02	0.01
Current Ratio (Current Asset/Current Liability)		141.79	35.00	70.00

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	No
5) Type of Business	Yes
6) Line of Business	Yes
7) Promoter’s background	Yes
8) No. of employees	No
9) Name of person contacted	No
10) Designation of contact person	No
11) Turnover of firm for last three years	No
12) Profitability for last three years	Yes
13) Reasons for variation <> 20%	--
14) Estimation for coming financial year	No
15) Capital in the business	Yes
16) Details of sister concerns	No
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	--
23) Banking Details	No
24) Banking facility details	Yes
25) Conduct of the banking account	--
26) Buyer visit details	--
27) Financials, if provided	Yes
28) Incorporation details, if applicable	Yes
29) Last accounts filed at ROC	Yes
30) Major Shareholders, if available	Yes

OPERATIONS

The Company has commenced the business during the year and has incurred a loss of Rs.0.174 Millions. The Directors are hopeful of achieving better results in the current year.

AS PER WEBSITE DETAILS

Profile

Advent Brand House manages premium brands for global companies in India, in a professional manner. It builds and nurtures global brands as a one-stop shop. In the case of imported brands, Advent will import, store, market and manage the brand’s distribution through a network of distributors. Advent will help develop and execute the most efficient marketing and selling model. It acts as an extension of the brand company almost like having its own organisation in India.

This is possible because of the people behind it. The company is formed by a group of senior Indian professionals with decades of experience, in India and abroad, having worked in blue chip global organisations such as Diageo, SAB Miller, Coca-Cola, Citibank and Credit Suisse. They not only understand India, but are also well versed with global best practices and standards.

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.55.70
UK Pound	1	Rs.86.28
Euro	1	Rs.68.15

INFORMATION DETAILS

Report Prepared by :

NTH

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	1
PAID-UP CAPITAL	1~10	2
OPERATING SCALE	1~10	2
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	2
--PROFITABILIRY	1~10	--
--LIQUIDITY	1~10	1
--LEVERAGE	1~10	1
--RESERVES	1~10	1
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		11

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.