MIRA INFORM REPORT

Report Date :

19.06.2012

IDENTIFICATION DETAILS

Name :	MIRAH DEKOR LIMITED

Registered Office :	208, Parvati Industrial Estate, Sun Mill Compound, Lower Parel, Mumbai-400013, Maharashtra

Country :	India

Financials (as on) :	31.03.2011

Date of Incorporation :	25.01.1985

Com. Reg. No.:	11-035166

Capital Investment / Paid-up Capital :	Rs.35.310 Millions

CIN No.: [Company Identification No.]	U74999MH1985PLC035166

TAN No.: [Tax Deduction & Collection Account No.]	MUMM25656B

PAN No.: [Permanent Account No.]	AABCM4262A

Legal Form :	A Closely Held Public Limited Liability Company

Line of Business :	Trader of All Kinds of Textile Goods.

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (46)

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

Maximum Credit Limit :	USD 1400000

Status :	Satisfactory

Payment Behaviour :	Usually correct

Litigation :	Clear

Comments :	Subject is an established company having satisfactory track. Trade relations are reported as fair. Business is active. Payments are reported to be usually correct and as per commitments. The company can be considered normal for business dealings at usual 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 :	208, Parvati Industrial Estate, Sun Mill Compound, Lower Parel, Mumbai-400013, Maharashtra, India
Tel. No.:	91-22-40502900/24960222/24928873/24925467/24964320
Fax No.:	91-22-40502901
E-Mail :	cs_legal@mirahgroup.in

Godown :	Premises No. 9 and 10, Building N, Shree Arihant Compound, VI, Taluka Bhiwandi, Thane, Maharashtra, India

DIRECTORS

As on 29.09.2011

Name :

Mr. Omprakash Basantlal Goenka

Designation :

Chairman cum Managing Director

Address :

101, 10^th Floor, Somerset House, Sophia College Lane, Warden Road, Mumbai-400026, Maharashtra, India

Date of Birth/Age :

13.04.1948

Date of Appointment :

25.01.1985

Pan No.:

AECPG3854J

Din No.:

00092846

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	U74999MH1985PLC035166	MIRAH DEKOR LIMITED	Managing director	01-10-08	25-01-85	-	Active	NO
2	U90000MH1996PTC102554	TWINKLE ENVIRO-TECH PRIVATE LIMITED	Director	12-09-96	12-09-96	-	Active	NO
3	U55101MH1988PTC046029	MIRAH HOSPITALITY AND FOOD SOLUTIONS PRIVATE LIMITED	Director	01-05-02	01-05-02	-	Active	NO
4	U72900MH2002PTC135972	TELESTO COMNET PRIVATE LIMITED	Director	23-05-02	23-05-02	19-09-11	Active	NO
5	U74999MH2002PTC136700	I-BAZAAR (INDIA) PRIVATE LIMITED	Director	01-01-03	01-01-03	-	Strike off	NO
6	U70101MH2000PTC126546	TWINKLE REALTORS PRIVATE LIMITED	Director	01-01-03	01-01-03	-	Active	NO
7	U65030MH1986PTC041815	BON VOYAGE TOURS AND TRAVELS PRIVATE LIMITED	Director	15-02-03	15-02-03	28-06-10	Active	NO
8	U92100MH1993NPL071488	GARWARE CLUB HOUSE	Director	26-09-03	26-09-03	-	Active	NO
9	U17118MH2003PTC138831	D.SQUARE SOLUTIONS PRIVATE LIMITED	Director	13-11-03	13-11-03	28-06-10	Active	NO
10	U66030MH2001PTC133540	I-BASE SERVICES PRIVATE LIMITED	Director	10-12-03	10-12-03	28-06-10	Active	NO
11	U70101MH2004PTC146032	TRUEWORTH PROPERTIES PRIVATE LIMITED	Director	30-04-04	30-04-04	-	Active	NO
12	U70101MH2004PTC146056	LUXORA PROPERTIES PRIVATE LIMITED	Director	05-05-04	05-05-04	-	Active	NO
13	U70101MH2004PTC147338	SCENIC PROPERTIES PRIVATE LIMITED	Director	06-07-04	06-07-04	-	Active	NO
14	U70100MH2004PTC148028	EDIFICE PROPERTIES PRIVATE LIMITED	Director	16-08-04	16-08-04	-	Active	NO
15	U67120MH2004PTC148130	EARN MORE CAPITAL SERVICES PRIVATE LIMITED	Director	20-08-04	20-08-04	-	Active	NO
16	U55101MH2005PTC151434	ENCORE FOODS AND ALLIED SERVICES PRIVATE LIMITED	Director	21-02-05	21-02-05	-	Active	NO
17	U99999MH1996PLC102547	TWINKLE PLANTS AND PROJECTS LIMITED	Director	26-08-06	26-08-06	-	Active	NO
18	U65929MH2007PTC166943	LUXORA INFRASTRUCTURE PRIVATE LIMITED	Director	29-03-08	16-01-07	-	Active	NO
19	U65929MH2007PTC166944	SCENIC INFRASTRUCTURE PRIVATE LIMITED	Director	16-01-07	16-01-07	-	Active	NO
20	U70102MH2007PTC167760	D.SQUARE REALTORS PRIVATE LIMITED	Director	10-02-07	10-02-07	-	Active	NO

Name :

Mr. Kiran Omprakash Goenka

Designation :

Whole Time Director

Address :

101, 10^th Floor, Somerset House, Sophia College Lane, Warden Road, Mumbai-400026, Maharashtra, India

Date of Birth/Age :

25.11.1954

Date of Appointment :

25.01.1985

Pan No.:

ABIPG3140L

Din No.:

00093042

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	U74999MH1985PLC035166	MIRAH DEKOR LIMITED	Whole-time director	01-10-08	25-01-85	-	Active	NO
2	U51311MH2004PTC144282	ECOSCAPES INTERNATIONAL PRIVATE LIMITED	Director	29-01-04	29-01-04	-	Active	NO
3	U70101MH2004PTC147338	SCENIC PROPERTIES PRIVATE LIMITED	Director	06-07-04	06-07-04	-	Active	NO
4	U55100MH1985PTC036569	CITRUS CHAMBERS MAHABALESHWAR PRIVATE LIMITED	Director	03-04-07	03-04-07	-	Active	NO
5	U74140MH2007PTC171186	VAIDEHI ENTERPRISES PRIVATE LIMITED	Director	28-05-07	28-05-07	26-05-11	Active	NO
6	U74140MH2007PTC171182	VRIDDHI ENTERPRISES PRIVATE LIMITED	Director	28-05-07	28-05-07	26-05-11	Active	NO
7	U74140MH2007PTC171185	RAMKRIPA ENTERPRISES PRIVATE LIMITED	Director	28-05-07	28-05-07	10-07-10	Active	NO
8	U74140MH2007PTC171187	WEST COAST ENTERPRISES PRIVATE LIMITED	Director	28-05-07	28-05-07	-	Active	NO
9	U55101MH2007PTC171884	CITRUS RESORTS CHENNAI PRIVATE LIMITED	Director	21-06-07	21-06-07	-	Active	NO
10	U70109MH2007PTC171883	EDIFICE LAND DEVELOPERS PRIVATE LIMITED	Director	21-06-07	21-06-07	-	Active	NO
11	U70100MH2007PTC171878	EDIFICE INFRASTRUCTURE PRIVATE LIMITED	Director	21-06-07	21-06-07	-	Active	NO
12	U45400MH2007PTC171960	SCENIC BUILDERS PRIVATE LIMITED	Director	25-06-07	25-06-07	-	Active	NO
13	U92400MH2004PTC146693	ROYAL MARWAR HOSPITALITY PRIVATE LIMITED	Director	29-09-10	13-05-10	-	Active	NO

Name :

Mr. Gaurav Omprakash Goenka

Designation :

Whole Time Director

Address :

101, 10^th Floor, Somerset House, Sophia College Lane, Warden Road, Mumbai-400026, Maharashtra, India

Date of Birth/Age :

03.04.1981

Date of Appointment :

19.04.1999

Pan No.:

ABIPG3139P

Din No.:

00093179

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	U74999MH1985PLC035166	MIRAH DEKOR LIMITED	Whole-time director	01-10-08	19-04-99	-	Active	NO
2	U70101MH2000PTC126546	TWINKLE REALTORS PRIVATE LIMITED	Director	05-06-00	05-06-00	-	Active	NO
3	U66030MH2001PTC133540	I-BASE SERVICES PRIVATE LIMITED	Director	03-10-01	03-10-01	02-08-10	Active	NO
4	U72900MH2002PTC135972	TELESTO COMNET PRIVATE LIMITED	Director	23-05-02	23-05-02	19-09-11	Active	NO
5	U74999MH2002PTC136700	I-BAZAAR (INDIA) PRIVATE LIMITED	Director	02-08-02	02-08-02	-	Strike off	NO
6	U65030MH1986PTC041815	BON VOYAGE TOURS AND TRAVELS PRIVATE LIMITED	Director	15-02-03	15-02-03	-	Active	NO
7	U74120MH1990PTC059362	SOHAM ENTERPRISES PRIVATE LIMITED	Additional director	24-04-03	24-04-03	20-08-09	Active	NO
8	U55101MH1988PTC046029	MIRAH HOSPITALITY AND FOOD SOLUTIONS PRIVATE LIMITED	Director	28-07-03	28-07-03	-	Active	NO
9	U55101MH2005PTC151434	ENCORE FOODS AND ALLIED SERVICES PRIVATE LIMITED	Director	21-02-05	21-02-05	-	Active	NO
10	U17118MH2003PTC138831	D.SQUARE SOLUTIONS PRIVATE LIMITED	Director	29-09-06	29-09-06	-	Active	NO
11	U65929MH2007PTC166944	SCENIC INFRASTRUCTURE PRIVATE LIMITED	Director	16-01-07	16-01-07	-	Active	NO
12	U65929MH2007PTC166943	LUXORA INFRASTRUCTURE PRIVATE LIMITED	Director	16-01-07	16-01-07	29-03-08	Active	NO
13	U70102MH2007PTC167760	D.SQUARE REALTORS PRIVATE LIMITED	Director	10-02-07	10-02-07	-	Active	NO
14	U70200MH2007PTC167761	APOTHEOSIS INFRASTRUCTURE PRIVATE LIMITED	Director	10-02-07	10-02-07	-	Active	NO
15	U55100MH1985PTC036569	CITRUS CHAMBERS MAHABALESHWAR PRIVATE LIMITED	Director	03-04-07	03-04-07	-	Active	NO
16	U72200MH1995PTC087544	MOHIT SOFTWARE AND COMMUNICATIONS PRIVATE LIMITED	Director	17-01-08	17-01-08	-	Active	NO
17	U70101MH2007PTC174278	LUXORA PROJECTS PRIVATE LIMITED	Director	22-01-08	22-01-08	-	Active	NO
18	U55101GA2002PTC003167	SILLA GOA HOTEL PRIVATE LIMITED	Director	10-05-08	10-05-08	-	Active	NO
19	U92199MH2005PTC151707	CYBELE PARADISE PRIVATE LIMITED	Director	29-09-08	31-07-08	-	Active	NO
20	U55101MH2008PTC185781	CITRUS RESORTS PRIVATE LIMITED	Director	13-08-08	13-08-08	-	Active	NO

Name :

Mr. Anand Muddu Shetty

Designation :

Whole Time Director

Address :

1201, 12^th Floor, Victoria Classics, Near Asha Nagar, P.K. Road, Mulund (West), Mumbai-400080, Maharashtra, India

Date of Birth/Age :

28.08.1965

Date of Appointment :

01.10.1988

Din No.:

00093815

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	U74999MH1985PLC035166	MIRAH DEKOR LIMITED	Whole-time director	01-04-08	01-10-98	-	Active	NO
2	U70100MH2004PTC148028	EDIFICE PROPERTIES PRIVATE LIMITED	Director	18-05-06	18-05-06	-	Active	NO
3	U24230MH1991PTC063638	MUSTANG SOFTWARE PRIVATE LIMITED	Director	13-10-08	13-10-08	-	Active	NO
4	U55101PN2008PTC138017	MIND SPACE HOTELS AND RESORTS PRIVATE LIMITED	Director	01-07-09	01-07-09	-	Active	NO
5	U92490PN2009PTC134820	EDIFICE RECREATIONAL CLUBS PRIVATE LIMITED	Director	27-09-10	14-12-09	-	Active	NO
6	U55101MH2009PTC193837	LAUREL HOTELS PRIVATE LIMITED	Director	30-09-10	25-12-09	-	Active	NO
7	U92400MH2004PTC146693	ROYAL MARWAR HOSPITALITY PRIVATE LIMITED	Director	29-09-10	13-05-10	-	Active	NO
8	U55101MH2010PTC203726	INSIGHT HOSPITALITY PRIVATE LIMITED	Director	04-06-10	04-06-10	20-12-10	Active	NO
9	U74900MH2010PTC204337	ELINA ENTERPRISES PRIVATE LIMITED	Director	16-06-10	16-06-10	-	Active	NO
10	U55101MH2010PTC204315	CITRUS RESORTS BENGALURU PRIVATE LIMITED	Director	16-06-10	16-06-10	-	Active	NO
11	U74900MH2010PTC204452	IMANI ENTERPRISES PRIVATE LIMITED	Director	18-06-10	18-06-10	-	Active	NO
12	U70100MH2010PTC204578	IHITA ENTERPRISES PRIVATE LIMITED	Director	21-06-10	21-06-10	03-01-12	Active	NO
13	U70102MH2010PTC204586	RASESH ENTERPRISES PRIVATE LIMITED	Director	21-06-10	21-06-10	-	Active	NO
14	U45400MH2010PTC204564	JOVITA ENTERPRISES PRIVATE LIMITED	Director	21-06-10	21-06-10	-	Active	NO
15	U45400MH2010PTC204559	KRISHA ENTERPRISES PRIVATE LIMITED	Director	21-06-10	21-06-10	-	Active	NO
16	U74900MH2010PTC204699	TANIRIKA ENTERPRISES PRIVATE LIMITED	Director	22-06-10	22-06-10	-	Active	NO
17	U74900MH2010PTC204641	TUHINA ENTERPRISES PRIVATE LIMITED	Director	22-06-10	22-06-10	-	Active	NO
18	U74999MH2010PTC204639	YASHILA ENTERPRISES PRIVATE LIMITED	Director	22-06-10	22-06-10	-	Active	NO
19	U65190MH1948PTC006515	AJIT INDIA PRIVATE LIMITED	Additional director	08-04-11	08-04-11	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Ravindra Hubraj Yadav
Designation :	Secretary
Address :	I-C/503, Eden Rose, Beverly Park, Mira Road, Thane-401107, Maharashtra, India
Date of Birth/Age :	24.09.1970
Date of Appointment :	15.07.2009
Pan No.:	AAWPY5613P

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 29.09.2011

Names of Shareholders		No. of Shares
Kiran Omprakash Goenka		454820
Omprakash Basantlal Goenka		262500
Gaurav Goenka		222830
Shweta Goenka		4250
Sucheta Goenka		25520
Anand Shetty		78560
I-Base Services Private Limited, India		227500
Twinkle Realtors Private Limited, India		287500
Twinkle Enviro-Tech Limited, India		1661600
Alisier Enterprises Private Limited, India		35300
Prescient Enterprises Private Limited		70600
Royal Twinkle Star Club Limited, India		200000

Total		3530980

As on 29.09.2011

Equity Share Breakup		Percentage of Holding
Category
Bodies corporate		70.31
Directors or relatives of directors		29.69
Total		100.00

BUSINESS DETAILS

Line of Business :

Trader of All Kinds of Textile Goods.

PRODUCTION STATUS [AS ON 31.03.2011]

Particulars

Installed Capacity

Actual Production

[In Kwh]

Wind Mill Power Generation

6.10 MW

8963964

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

Axis Bank, Corporate Banking Branch, Ground Floor, Axis House, Bombay Dyeing Mills Compound, P.B. Marg, Worli, Mumbai-400025, Maharashtra, India

Facilities :

Secured Loan	As on 31.03.2011 [Rs. in Millions]	As on 31.03.2010 [Rs. in Millions]
Rupee term loans	274.184	285.554
Working capital loans	92.603	97.703
Loans taken for vehicles	0.028	0.537
Total	366.815	383.794

Unsecured Loan
Other debts	28.096	45.605
Total	28.096	45.605


Banking Relations :	--

Auditors :
Name :	Daga Girdhar Lal and Company Chartered Accountants
Address :	6/43, Tardeo Airconditoned, Market 6^th Floor, Tardeo Road, Mumbai-400034, Maharashtra, India
Pan No.:	ABFPD5451L

Subsidiaries :	Telesto Comnet Private Limited

Associates :	· Bonvoyage Tours and Travels Private Limited · Ecoscapes International Private Limited · Mirah Brands Private Limited · Mirah Entertainment Private Limited · Mohit Software and Communication Private Limited · Royal Twinkle Star Club Ltd · Silla Goa Private Limited · Siddhi Gaurav Enterprises · Twinkle Envirotech Limited · Alisier Enterprises Private Limited · I Base Services Private Limited · Prescient Enterprises Private Limited · Twinkle Realtors Private Limited · Twinkle Hospitality Private Limited

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
5000000	Equity Shares	Rs.10/- each	Rs.50.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
3530980	Equity Shares	Rs.10/- each	Rs.35.310 Millions

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		35.310	35.310	35.310
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		331.571	254.243	176.672
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		366.881	289.553	211.982
LOAN FUNDS
1] Secured Loans		366.815	383.794	222.319
2] Unsecured Loans		28.096	45.605	42.357
TOTAL BORROWING		394.911	429.399	264.676
DEFERRED TAX LIABILITIES		93.502	67.626	42.609

TOTAL		855.294	786.578	519.267

APPLICATION OF FUNDS

FIXED ASSETS [Net Block]		388.297	403.998	228.856
Capital work-in-progress		0.000	0.000	0.000

INVESTMENT		37.890	29.502	24.824
DEFERREX TAX ASSETS		0.000	0.000	0.000

CURRENT ASSETS, LOANS & ADVANCES
	Inventories	25.225	18.957	34.581
	Sundry Debtors	471.296	387.847	196.596
	Cash & Bank Balances	21.695	22.098	16.609
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	342.230	384.757	228.660
Total Current Assets		860.446	813.659	476.446
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	360.451	416.683	178.950
	Other Current Liabilities	0.000	0.000	0.000
	Provisions	70.888	43.898	31.966
Total Current Liabilities		431.339	460.581	210.916
Net Current Assets		429.107	353.078	265.530

MISCELLANEOUS EXPENSES		0.000	0.000	0.057

TOTAL		855.294	786.578	519.267

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	1442.197	1148.327	787.567
		Other Income	24.506	18.454	19.437
		TOTAL (A)	1466.703	1166.781	807.004

Less	EXPENSES
		Consumption Materials Changes Inventories	1150.701	896.569
		Manufacturing Service Costs	25.535	43.806
		Employee Related Expenses	15.367	15.367	689.027
		Administrative Selling Other Expenses	52.293	30.511
		Prior Period Items	4.568	2.331
		TOTAL (B)	1248.464	988.584	689.027

Less	PROFIT / (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		218.239	178.197	117.977

Less	FINANCIAL EXPENSES (D)		62.283	46.557	38.080

	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		155.956	131.640	79.897

Less/ Add	DEPRECIATION/ AMORTISATION (F)		22.422	12.500	10.867

	PROFIT / (LOSS) BEFORE TAX (E-F) (G)		133.534	119.140	69.030

Less	TAX (H)		53.118	38.471	24.911

	PROFIT / (LOSS) AFTER TAX (G-H) (I)		80.416	80.669	44.119

Less	APPROPRIATIONS
		Dividend	3.088	2.648	1.765
		Tax on Dividend		0.450	0.300
	BALANCE CARRIED TO THE B/S		77.328	77.571	42.054

	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	0.000	2.649	0.000

	IMPORTS
		Raw Materials	NA	15.965	8.160

	Earnings / (Loss) Per Share (Rs.)		22.77	22.85	12.49

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	5.48	6.91	5.47

Net Profit Margin (PBT/Sales)	(%)	9.25	10.37	8.76

Return on Total Assets (PBT/Total Assets}	(%)	10.69	9.78	9.79

Return on Investment (ROI) (PBT/Networth)		0.36	0.41	0.33

Debt Equity Ratio (Total Liability/Networth)		2.25	3.07	2.24

Current Ratio (Current Asset/Current Liability)		1.99	1.77	2.26

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	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	Yes
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	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

BANKERS CHARGES REPORT AS PER REGISTRY

This form is for	Creation of charge
Corporate identity number of the company	U74999MH1985PLC035166
Name of the company	MIRAH DEKOR LIMITED
Address of the registered office or of the principal place of business in India of the company	208, Parvati Industrial Estate, Sun Mill Compound, Lower Parel, Mumbai-400013, Maharashtra, India
Type of charge	Immovable Property
Particular of charge holder	Axis Bank, Corporate Banking Branch, Ground Floor, Axis House, Bombay Dyeing Mills Compound, P.B. Marg, Worli, Mumbai-400025, Maharashtra, India
Email	adlalwani@rediffmail.com
Nature of description of the instrument creating or modifying the charge	Memorandum of entry (extension of equitable mortgage) in favour of axis bank limited for the limit given to Telesto Comnet Private Limited
Date of instrument Creating the charge	08.11.2011
Amount secured by the charge	Rs.94.965 Millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest As Stipulated By Bank From Time To Time Terms of Repayment As Stipulated By Bank From Time To Time Margin As Stipulated By Bank From Time To Time Extent and Operation of the charge First charge (present and future) = total limit Rs. 94.965 millions (under schematic=(1) Cash credit under Mpower OD 20.000,(2) Term loan under Mpower term loan 42.631= Total 62.631.under non schematic=(1) cash credit 5.000 (2) Letter of credit 10.000 (3) Term loan 17.334= Total 32.334 (sub limit of LC= bank guarantee=10.000) and / or as stipulated by bank from time to time Others As Stipulated By Bank From Time To Time And As Per Agreement
Short particulars of the property charged	First charge (present and future) on following assets :-( 1) EMG of Gala Number 318, admeasuring 1251 sq. Ft. On the Third Floor of the building known as "The Parvati Industrial Premises Society Limited Situated at New Sun Mill Compound, Lower Parel (West), 400013, bearing Cadestral Survey No. 6/160 of Lower Parel Division (2) EMG of gala number 209 (originally unit no.9) admeasuring 2700 sq. Ft. Built up area on the 2ndfloor of the building known as "The Parvati Industrial Estate Co-operative Society Limited.", situated On land situated on land bear bearing C.s. No.160 of Lower Parel division at New Sun Mill Compound, Lower Parel (West), Mumbai 400013

FIXED ASSETS:

· Land

· Building

· Plant and Machinery

· Computers and Software

· Furniture and Fixtures

· Vehicles

· Office Equipments

· Electrical Fittings

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.55.60
UK Pound	1	Rs.87.34
Euro	1	Rs.70.66

INFORMATION DETAILS

Report Prepared by :

TPT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	5
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--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		46

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.

MIRA INFORM REPORT

25.225

471.296

21.695

0.000

342.230

860.446

360.451

0.000

70.888

431.339

429.107

5.48

9.25

10.69

0.36

2.25

1.99

Unit