MIRA INFORM REPORT

Report Date :

19.07.2012

IDENTIFICATION DETAILS

Name :	SHRI CHINTAMANI APPLIANCES PRODUCTS MANUFACTURING AND TRADING COMPANY PRIVATE LIMITED
Registered Office :	66, Shaniwar Peth, Aapte Ghat, Near Karve Mangal Karyala, Pune – 411030, Maharashtra
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	03.10.2000
Com. Reg. No.:	25-015371
Capital Investment / Paid-up Capital :	Rs.0.100 Million
CIN No.: [Company Identification No.]	U29305PN2000PTC015371
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturing and Trading of Electronic and Electric Components.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

C

RATING		STATUS	PROPOSED CREDIT LINE
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended

Status :	Yet to commence business
Payment Behaviour :	Unknown
Litigation :	--
Comments :	Though the company was incorporated in the year 2000. They have not yet commence with their business activity. Business is active. Payment terms are unknown. The company can be considered for business dealing on a sale and secure 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 :	66, Shaniwar Peth, Aapte Ghat, Near Karve Mangal Karyala, Pune – 411030, Maharashtra, India
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	secretarial123@gmail.com
Factory :	Plot No 59, Sagar Industries, Anand Krushiji Marg, Ahmednagar, Maharashtra, India
Tel No.:	91-241-2450623/ 2452180

DIRECTORS

(AS ON 29.09.2010)

Name :

Mr. Prakash Sudarshan Samleti

Designation :

Director

Address :

F-10, Nityaseva Society, Aurangabad Road, Vasant Tekdi, Ahmednagar – 414001, Maharashtra, India

Date of Birth/Age :

05.04.1973

Date of Appointment :

03.10.2000

DIN No.:

00307624

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	Company/ LLP Status	Defaulting status
1	U29305PN2000PTC015371	SHRI CHINTAMANI APPLIANCES PRODUCTS MANUFACTURING AND TRADING COMPANY PRIVATE LIMI	Director	03/10/2000	03/10/2000	Active	NO
2	U72102MH1994PTC168498	BALI PROPERTIESANDINVESTMENTS PRIVATE LIMITED	Director	03/11/2001	03/11/2001	Active	NO
3	U70102MH1994PTC187887	MONTEGO PROPERTIES AND INVESTMENTS PRIVATE LIMITED	Director	03/11/2001	03/11/2001	Active	NO
4	U29300MH2002PTC136657	SURYAPRAKASH KITCHEN ELECTRONICS APPLIANCES PRIVATE LIMITED	Director	30/07/2002	30/07/2002	Active	NO
5	U32101MH2000PTC130156	EXCELTRONICS MANUFACTURING AND TRADING PRIVATE LIMITED	Director	30/04/2003	30/04/2003	Active	NO
6	U70200PN2010PTC136883	SHIVARINARAYAN REALTY PRIVATE LIMITED	Director	20/07/2010	20/07/2010	Active	NO

Name :

Mr. Vishnu Achyut Mulay

Designation :

Director

Address :

133, Ekta Colony, Kedgaon Devi Road, Kedgaon, Ahmedabad – 414001, Maharashtra, India

Date of Birth/Age :

16.06.1964

Date of Appointment :

03.10.2000

DIN No.:

01130074

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	U29305PN2000PTC015371	SHRI CHINTAMANI APPLIANCES PRODUCTS MANUFACTURING AND TRADING COMPANY PRIVATE LIMI	Director	03/10/2000	03/10/2000	-	Active	NO
2	U74999PN2000PTC015409	SHRI SAI INDUSTRIAL SUPPLIERS PRIVATE LIMITED	Director	10/10/2000	10/10/2000	-	Active	NO
3	U74999PN2000PTC015410	OMKAR INDUSTRIAL SUPPLIERS PRIVATE LIMITED	Director	10/10/2000	10/10/2000	-	Active	NO
4	U29308GJ1984PTC007531	TRESSA ELECTRONICS PVT LTD	Director	20/07/2001	20/07/2001	-	Active	NO
5	U74210MH1996PTC098116	AIRSHOT ENGINEERING (INDIA) PRIVATE LIMITED	Director	22/09/2001	22/09/2001	-	Amalgamated	NO
6	U99999MH1981PLC025081	SYNLENE FABRICS LTD	Director	27/09/2001	27/09/2001	-	Active	NO
7	U99999MH1994PLC133953	MICRO HOUSING FINANCE LIMITED	Director	03/11/2001	03/11/2001	-	Active	NO
8	U74120MH1981PTC025424	TEKCARE INDIA PRIVATE LIMITED	Director	05/09/2002	05/09/2002	-	Active	NO
9	U01111GA1994PTC001725	SYCAMORE GROWMORE PRIVATE LIMITED	Director	01/11/2003	01/11/2003	-	Active	NO
10	U70200GA1994PTC001723	ORAGON REALTY PRIVATE LIMITED	Director	01/11/2003	01/11/2003	-	Active	NO
11	U63000MH2003PTC143152	MESSENGER CARGO MOVERES AND LOGISTICS PRIVATE LIMITED	Director	17/11/2003	17/11/2003	-	Active	NO
12	U63000MH2003PTC143285	MAHALAXMI TRANSPORT AND COURIER SERVICES PRIVATE LIMITED	Director	25/11/2003	25/11/2003	-	Active	NO
13	U29308MH2002PTC137006	ESHWAR HOME APPLIANCES PRIVATE LIMITED	Director	02/05/2005	02/05/2005	03/07/2008	Active	NO
14	U70200PN2010PTC136883	SHIVARINARAYAN REALTY PRIVATE LIMITED	Director	20/07/2010	20/07/2010	-	Active	NO

Name :

Mr. Sanjay Tukaram Pardeshi

Designation :

Director

Address :

Satpute Lane, Kedgaon, Ahmednagar – 414005, Maharashtra, India

Date of Birth/Age :

27.07.1972

Date of Appointment :

30.04.2003

DIN No.:

01235480

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	Company/ LLP Status	Defaulting status
1	U29301PN2002PTC017097	GOVARDHAN HOME APPLIANCES PRIVATE LIMITED	Director	28/06/2002	28/06/2002	Active	NO
2	U29305PN2000PTC015371	SHRI CHINTAMANI APPLIANCES PRODUCTS MANUFACTURING AND TRADING COMPANY PRIVATE LIMITED	Director	30/04/2003	30/04/2003	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

(AS ON 29.09.2010)

Names of Shareholders	No. of Shares
Prakash Sudarshan Samleti	3500
Vishnu Achyut Mulay	3500
Sanjay Tukaram Pardeshi	3000
Total	10000

(AS ON 30.09.2010)

Equity Shares Break – up

Category	Percentage
Directors or relatives of directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturing and Trading of Electronic and Electric Components.

GENERAL INFORMATION

No. of Employees :	Not Divulged
Bankers :	Not Divulged

Banking Relations :	--
Auditors :
Name :	Gunjal Patil and Company Chartered Accountant
Address :	124, Vyapar Bhavan, P D’mello Road, Masjid Bandar East, Mumbai – 400009, Maharashtra, India
PAN No.:	AHEPG1310Q

CAPITAL STRUCTURE

(AS ON 29.09.2010)

Authorised Capital :

No. of Shares	Type	Value	Amount
100000	Equity Shares	Rs.10/- each	Rs.1.000 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)		(1.095)	(1.065)	(1.006)
NETWORTH		(0.995)	(0.965)	(0.906)
LOAN FUNDS
1] Secured Loans		0.000	0.000	0.000
2] Unsecured Loans		0.000	0.000	0.000
TOTAL BORROWING		0.000	0.000	0.000
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		(0.995)	(0.965)	(0.906)
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.001	0.002	0.005
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.148	0.006	0.006
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	0.640	0.062	1.064
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	0.000	0.000	0.000
Total Current Assets		0.640	0.062	1.064
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	0.000	0.000	0.000
	Other Current Liabilities	1.784	1.035	1.979
	Provisions	0.000	0.000	0.002
Total Current Liabilities		1.784	1.035	1.981
Net Current Assets		(1.144)	(0.973)	(0.917)
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		(0.995)	(0.965)	(0.906)

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008
	SALES
		TOTAL	0.000	0.000	0.910
Less	EXPENSES
		TOTAL	0.031	0.058	0.895
	PROFIT BEFORE TAX		(0.031)	(0.058)	0.015
Less	TAX		0.000	0.000	0.002
	PROFIT AFTER TAX		(0.031)	(0.058)	0.013
	Earnings Per Share (Rs.)		(3.06)	(5.83)	1.32

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
Return on Total Assets (PBT/Total Assets}	(%)	(4.84)	(90.63)	1.40
Return on Investment (ROI) (PBT/Networth)		0.03	0.06	(0.02)
Debt Equity Ratio (Total Liability/Networth)		(1.79)	(1.07)	2.19
Current Ratio (Current Asset/Current Liability)		0.36	0.06	0.54

LOCAL AGENCY FURTHER INFORMATION

Check list by info Agents	Available in Report (Yes/ No)
Year of Establishment	Yes
Locality of the Firm	Yes
Constitution of the Firm	Yes
Premises details	No
Type of Business	Yes
Line of Business	Yes
Promoter’s Background	Yes
No. of Employees	No
Name of Person Contacted	No
Designation of Contact person	No
Turnover of Firm for last three years	Yes
Profitability for last three years	Yes
Reasons for variation <> 20%	-----
Estimation for coming financial year	No
Capital in the business	Yes
Details of sister concerns	No
Major Suppliers	No
Major Customers	No
Payments Terms	No
Export/ Imports Details (If applicable)	No
Market Information	-----
Litigations that the firm/ Promoters Involved in	-----
Banking details	No
Banking Facility Details	No
Conduct of the Banking Account	-----
Buyer visit details	-----
Financials, if provided	Yes
Incorporation details is applicable	Yes
Last Accounts filed at ROC	Yes
Major Shareholders, if available	Yes

PERFORMANCE:

The company has not undertaken any business activity. The Loss for the current year amounted to Rs.0.031 Million as against a Loss of Rs.0.058 Million for the previous year.

The Directors are exploring various opportunities to undertake some business activity in the coming year.

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.55.34
UK Pound	1	Rs.86.55
Euro	1	Rs.67.95

INFORMATION DETAILS

Report Prepared by :

NIT

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.