MIRA INFORM REPORT

Report Date :

25.07.2012

IDENTIFICATION DETAILS

Name :	APOLLO MANUFACTURING AND SUPPLY PRIVATE LIMITED
Registered Office :	1/1, Lalwani Estate, Maharshinagar Corner, Behind Dena Bank, Pune-411037, Maharashtra
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	03.10.2000
Com. Reg. No.:	11-015374
Capital Investment / Paid-up Capital :	Rs. 0.100 Million
CIN No.: [Company Identification No.]	U29305PN2000PTC015374
Legal Form :	Private Limited Liability Company
Line of Business :	Trader of Electronic Parts.
No. of Employees :	10 (Approximately)

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 :	Unknown
Litigation :	Clear
Comments :	Subject is a company having moderate track. The contacted person denied to disclose any details of the subject. The management has failed to file its financials with the government departments after 2010. Payment terms are not unknown. Initially, the company can be considered for business dealings only 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 – June 30, 2012

Country Name	Previous Rating (31.03.2012)	Current Rating (30.06.2012)
India	A1	A1

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

RBI DEFAILTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAILTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

LOCATIONS

Registered Office :	1/1, Lalwani Estate, Maharshinagar Corner, Behind Dena Bank, Pune-411037, Maharashtra, India
Tel. No.:	91-241-2451123
Fax No.:	Not Available
E-Mail :	Secretarial123@gmail.com
Location :	Owned
Branch Office:	Gangapur Gin Compound, Station Road, Ahmednagar, Maharashtra, India
Tel No.:	91-241-2451123

DIRECTORS

AS ON 28.09.2010

Name :	Mr. Suresh Rambhau Salunke
Designation :	Director
Address :	At Khadki, Post Khandala, Ahmednagar, 414001, Maharashtra, India
Date of Birth/Age :	01.06.1968
Date of Appointment :	03.10.2000
DIN No.:	01130097

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	U29305PN2000PTC015374	APOLLO MANUFACTURING AND SUPPLY PRIVATE LIMITED	Director	03/10/2000	03/10/2000	-	Active	NO
2	U29300PN2002PTC017098	MARK KITCHEN ACCESSORIES (INDIA) PRIVATE LIMITED	Director	28/06/2002	28/06/2002	-	Active	NO
3	U29301PN2002PTC017128	SUYOG ACCESSORIES AND HOME APPLIANCES (INDIA) PRIVATE LIMITED	Director	05/07/2002	05/07/2002	-	Active	NO

Name :	Mr. Ramarajan Narayan Pillai
Designation :	Director
Address :	Flat No.2, Anand Villa-32, Behind Renavikar School, Savdi, Ahmednagar-414003, Maharashtra, India
Date of Birth/Age :	05.10.1955
Date of Appointment :	03.10.2000
DIN No.:	01235176

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	U29305PN2000PTC015374	APOLLO MANUFACTURING AND SUPPLY PRIVATE LIMITED	Director	03/10/2000	03/10/2000	-	Active	NO
2	U70102MH1994PTC187885	MALONE PROPERTIES AND INVESTMENST PRIVATE LIMITED	Director	30/08/2002	30/08/2002	-	Active	NO

Name :	Mr. Namdeo Chhaburao Tupe
Designation :	Director
Address :	Plot No.2, Dharmadhikari Wada, Sarvodaya Colony, Delhi Gate, Ahmednagar-414001, Maharashtra, India
Date of Birth/Age :	31.12.1962
Date of Appointment :	30.04.2003
DIN No.:	00309075

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	U29301PN2002PTC017097	GOVARDHAN HOME APPLIANCES PRIVATE LIMITED	Director	28/06/2002	28/06/2002	-	Active	NO
2	U29300PN2002PTC017098	MARK KITCHEN ACCESSORIES (INDIA) PRIVATE LIMITED	Director	28/06/2002	28/06/2002	-	Active	NO
3	U29301PN2002PTC017126	SADANAND HOME APPLIANCES PRIVATE LIMITED	Director	05/07/2002	05/07/2002	-	Active	NO
4	U31900MH2002PTC136590	SAPTSHRINGI APPLIANCES PRIVATE LIMITED	Director	24/07/2002	24/07/2002	-	Active	NO
5	U29300MH2002PTC136657	SURYAPRAKASH KITCHEN ELECTRONICS APPLIANCES PRIVATE LIMITED	Director	30/07/2002	30/07/2002	-	Active	NO
6	U27100MH1974PTC017927	ARIHANT METALS AND ALLOY PRIVATE LIMITED	Director	30/08/2002	30/08/2002	-	Active	NO
7	U72101MH1994PTC167830	DIAMANTE PROPERTIES AND INVESTMENTS PRIVATE LIMITED	Director	30/08/2002	30/08/2002	-	Amalgamated	NO
8	U29305PN2000PTC015374	APOLLO MANUFACTURING AND SUPPLY PRIVATE LIMITED	Director	30/04/2003	30/04/2003	-	Active	NO
9	L74899DL1994PLC057009	SOUTH POLE SECURITIES LIMITED	Additional director	08/06/2011	08/06/2011	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 28.09.2010

Names of Shareholders	No. of Shares
Suresh Rambhau Salunke	3500
Ramarajan Narayan Pillai	3500
Namdeo Chhaburao Tupe	3000
Total	10000

AS ON 28.09.2010

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Trader of Electronics Parts.

GENERAL INFORMATION

No. of Employees :	10 (Approximately)
Bankers :	· Dombivali Nagari Sahakari Bank Limited

Banking Relations :	--
Auditors :
Name :	S P Desai and Company Chartered Accountants
Address :	F 110, Building No.3, Sardar Nagar No.1, Sion Koliwada, Mumbai-400022, Maharashtra, India
PAN No.:	AAAPD4259L

CAPITAL STRUCTURE

AS ON 31.03.2010

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)		(0.576)	(0.549)	(0.498)
NETWORTH		(0.476)	(0.449)	(0.398)
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		(0.476)	(0.449)	(0.398)
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.001	0.003	0.006
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.153	0.009	0.009
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	0.222	0.421	0.966
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	0.000	0.000	0.000
Total Current Assets		0.222	0.421	0.966
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.000	0.000	0.000
	Other Current Liabilities	0.852	0.882	1.378
	Provisions	0.000	0.000	0.001
Total Current Liabilities		0.852	0.882	1.379
Net Current Assets		(0.630)	(0.461)	(0.413)
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		(0.476)	(0.449)	(0.398)

PROFIT & LOSS ACCOUNT

	PARTICULARS			31.03.2010	31.03.2009	31.03.2008
	SALES
		Income		0.000	0.000	0.770
		Other Income
		TOTAL		0.000	0.000	0.770
Less	EXPENSES
			Office Expenses
			Administrative Expenses
			Financial Expenses	0.027	0.051	0.761
			Depreciation
			Advertising Expenses
			TOTAL	0.027	0.051	0.761
	PROFIT / (LOSS) BEFORE TAX			(0.027)	(0.051)	0.009
Less	TAX			0.000	0.000	0.001
	PROFIT / (LOSS) AFTER TAX			(0.027)	(0.051)	0.008
	Earnings Per Share (Rs.)			(2.69)	(5.10)	0.79

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
PAT / Total Income	(%)	0.00	0.00	1.04
Return on Total Assets (PBT/Total Assets}	(%)	(12.11)	(12.03)	0.01
Return on Investment (ROI) (PBT/Networth)		0.06	0.11	(0.02)
Debt Equity Ratio (Total Liability/Networth)		(1.79)	(1.96)	(3.46)
Current Ratio (Current Asset/Current Liability)		0.26	0.48	0.70

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	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	Yes
9]	Name of person contacted	No
10]	Designation of contact person	No
11]	Turnover of firm for last three years	Yes
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 involved in	--
23]	Banking Details	Yes
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	Yes
29]	Last accounts filed at ROC	No
30]	Major Shareholders, if available	Yes
31]	PAN of Proprietor/Partner/Director, if available	No
32]	Passport No of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No

FINANCIAL RESULTS AND OPERATIONS

During the year, the company has not undertaken any business activity. The loss for the current year amounted to Rs. 0.027 million as against a loss of Rs. 0.051 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 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.56.02
UK Pound	1	Rs.86.89
Euro	1	Rs.67.84

INFORMATION DETAILS

Report Prepared by :

VRN

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	1
OPERATING SCALE	1~10	1
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	1
--PROFITABILIRY	1~10	1
--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.