MIRA INFORM REPORT

1. Summary Information

		Country	India
Company Name	Pallavi Marketing Private Limited	Principal Name 1	Mr. Shyam Lohia
Status	Satisfactory	Principal Name 2	Mr. Shambhu Dayal Agrawal
		Registration #	03-7469
Street Address	6 and 7 Ground Floor, Ashoka Place, Exbition Road, Patna – 800001, Bihar, India
Established Date	18.09.1996	SIC Code	--
Telephone#	91-612-2321764/ 1461	Business Style 1	Trading
Fax #	91-612-2321464	Business Style 2	--
Homepage	--	Product Name 1	TV Sets
# of employees	17 (Approximately)	Product Name 2	Washing Machines
Paid up capital	Rs.6,840,000/-	Product Name 3	Refrigerators
Shareholders	Bodies corporate -41.00%, Directors or relatives of directors- 54.00%, Other top fifty shareholders- 5.00%	Banking	State Bank of India
Public Limited Corp.	No	Business Period	16 years
IPO	No	International Ins.	--
Public Enterprise	No	Rating	Ba (47)
Related Company
Relation	Country	Company Name	CEO
--	--	--	--
Note	--

2. Summary Financial Statement

Balance Sheet as of	31.03.2011		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	32,549,000	Current Liabilities	1,092,000
Inventories	4,231,000	Long-term Liabilities	7,821,000
Fixed Assets	473,000	Other Liabilities	2,827,000
Deferred Assets	113,000	Total Liabilities	11,740,000
Invest& other Assets	0,000	Retained Earnings	18,786,000
		Net Worth	25,626,000
Total Assets	37,366,000	Total Liab. & Equity	37,366,000
Total Assets (Previous Year)	34,902,000
P/L Statement as of	31.03.2011		(Unit: Indian Rs.)
Sales (Gross Turnover)	355,712,000	Net Profit	1,141,000
Sales (Previous yr) (Gross Turnover)	326,336,000	Net Profit(Prev.yr)	801,000

MIRA INFORM REPORT

Report Date :

13.03.2012

IDENTIFICATION DETAILS

Name :	PALLAVI MARKETING PRIVATE LIMITED

Registered Office :	6 and 7 Ground Floor, Ashoka Place, Exbition Road, Patna – 800 001, Bihar

Country :	India

Financials (as on) :	31.03.2011

Date of Incorporation :	18.09.1996

Com. Reg. No.:	03-7469

Capital Investment / Paid-up Capital :	Rs.6.840 Millions

CIN No.: [Company Identification No.]	U51505BR1996PTC007469

TAN No.: [Tax Deduction & Collection Account No.]	PTNP00130E

PAN No.: [Permanent Account No.]	AABCP3711F

Legal Form :	Private Limited Liability Company

Line of Business :	Trading of TV Sets, Washing Machines, Refrigerators and Franchisee of Air Hostess Academy.

No. of Employees :	17 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (47)

RATING

STATUS

PROPOSED CREDIT LINE

41-55

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

Satisfactory

Maximum Credit Limit :	USD 100000

Status :	Satisfactory

Payment Behaviour :	Usually Correct

Litigation :	Clear

Comments :	Subject is a well 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 :	6 and 7 Ground Floor, Ashoka Place, Exbition Road, Patna – 800 001, Bihar, India
Tel. No.:	91-612-2321764/ 1461
Fax No.:	91-612-2321464
E-Mail :	babasamsung@yahoo.com

Corporate Office :	8, Aditya Arcade, Exhibition Road, Patna, Bihar – 800001, India

DIRECTORS

(AS ON: 30.09.2011)

Name :

Mr. Shyam Lohia

Designation :

Director

Address :

2 A, E Block, Pusp Vihar, Exhibition Road, Patna – 800 001, Bihar, India

Date of Birth/Age :

15.05.1961

Qualification :

Graduate

Date of Appointment :

18.09.2006

DIN No :

01659042

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U51109BR2003PTC010198	BABA SALES PRIVATE LIMITED	Director	26-05-03	26-05-03	Active	NO
2	U51505BR1996PTC007469	PALLAVI MARKETING PRIVATE LIMITED	Director	04-08-06	04-08-06	Active	NO
3	U60231BR2008PTC013984	S S LOGISTICS PRIVATE LIMITED	Director	07-10-08	07-10-08	Active	NO

Name :

Mr. Shambhu Dayal Agrawal

Designation :

Director

Address :

Dwarka Kunj Road, No. 12, Rajendra Nagar, Patna – 800 016, Bihar, India

Date of Birth/Age :

26.10.1951

Qualification :

Graduate

Date of Appointment :

18.09.1996

DIN No :

01664857

Other Directorship :

S.No.	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
1	U51505BR1996PTC007469	PALLAVI MARKETING PRIVATE LIMITED	Director	18-09-96	18-09-96	-	Active	NO
2	U27100CT2003PTC021900	KRISHNA IRON STEEL AND POWER PRIVATE LIMITED	Director	10-09-03	10-09-03	26-11-09	Active	NO

Name :

Mr. Ajay Kumar Agrawal

Designation :

Director

Address :

Dwarka Kunj Road No. 12, Rajendra Nagar, Patana, Bihar – 800 016, India

Date of Birth/Age :

06.06.1969

Date of Appointment :

02.01.2001

DIN No.:

01717459

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U51505BR1996PTC007469	PALLAVI MARKETING PRIVATE LIMITED	Director	02-01-01	02-01-01	Active	NO
2	U51109BR2003PTC010198	BABA SALES PRIVATE LIMITED	Director	08-11-03	08-11-03	Active	NO

Name :

Mrs. Shakuntala Devi Lohia

Designation :

Director

Address :

2 A, E Block, Pusp Vihar, Exhibition Road, Patna – 800 001, Bihar, India

Date of Birth/Age :

15.08.1966

Date of Appointment :

04.08.2006

Name :

Mrs. Sushila Devi Agrawal

Designation :

Director

Address :

4, Rajendra Nagar Road, No. 12, Patna – 800 016, Bihar, India

Date of Birth/Age :

18.06.1951

Date of Appointment :

28.07.2000

DIN No.:

01717470

Name :

Ms. Dimple Agrawal

Designation :

Director

Address :

4, Rajendra Nagar Road, No. 12, Patna – 800 016, Bihar, India

Date of Birth/Age :

19.05.1977

Date of Appointment :

02.01.2001

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

(AS ON 30.09.2011)

Names of Shareholders		No. of Shares

Shambhu Dayal Agrawal		99200
Shyam Lohia		185000
Sri Vaishnavi Agro Industries Private Limited, India		50000
Intergral Trade and Commerce Private Limited, India		50000
Sangeeta Mishra		2000
Durga Shankar Mishra		2000
Bimal Goenka		2000
Rekha Goenka		2000
Dilip Goenka		2000
Nageshwar Singh		2000
Prabhakar Palibar		2000
Arun Kumar		2000
Shyam Sah		2000
Laxman Rai		2000
Mahendra Sah		2000
Pawan Kalyani		2000
Ajay Kumar Agarawal		50000
Sushila Devi Agarawal		34100
Deepak Agarawal		100
Runjhun Agarawal		100
Sanjay Agarawal		100
Anita Agarawal		200
Sudha Agarawal		200
Babita Agarawal		200
Kavita Agarawal		100
Sunita Agarawal		200
Ruchi Agarawal		100
Rajani Agarawal		100
Kanta Devi Agarawal		200
Piyush Agarawal		100
Sadgi Commercial and Finance Private Limited, India		10000
Pioneer Zeepars Private Limited, India		10000
Hovex Vinimay Private Limited, India		10000
Eskay Business Private Limited, India		6000
Sukumar Mandal		2000
Sarla Agarawal		1000
Deepak Agarawal		2000
Omni Associates Private Limited, India		8000
Sadashiv Stock and Shares Private Limited, India		10000
Sahri Kahri Investments Private Limited, India		10000
Softgate Technologies Private Limited, India		15000
NEPC Industries Limited, India		16000
Time Computech Services Limited, India		16000
Rajkosh Trexim Private Limited, India		10000
Anubhuti Vanijay Private Limited, India		32000
Inprove Financial Consultants Private Limited, India		28000
Raghubir Singh		2000
Sanjay Khaware		2000

Total		684000

(AS ON 30.09.2011)

Equity Shares Break – up

Category		Percentage

Bodies corporate		41.00
Directors or relatives of directors		54.00
Other top fifty shareholders		5.00

Total		100.00

BUSINESS DETAILS

Line of Business :

Trading of TV Sets, Washing Machines, Refrigerators and Franchisee of Air Hostess Academy.

GENERAL INFORMATION

No. of Employees :

17 (Approximately)

Bankers :

· State Bank of India,

Specialised Commercial Branch, Dak Bunglow Road, Patna – 800 001, Bihar, India

Facilities :

Secured Loans	31.03.2011	31.03.2010
	(Rs. In Millions)

From State Bank of India, Special Commercial Branch, DB Road, Patna, C. C. A/C. (Against hypothecation of stock and book debts)	5.664	2.683

Total	5.664	2.683

Unsecured Loans	31.03.2011	31.03.2010
	(Rs. In Millions)

From Directors	1.367	2.873
From Shareholders	0.790	1.185

Total	2.157	4.058


Banking Relations :	--

Auditors :
Name :	Singhania Agrawal and Company Chartered Accountants
Address :	411, N P Centre, New Dak Bunglow Road, Patna – 800 001, Bihar, India
PAN No.:	AANFS2118L

CAPITAL STRUCTURE

(AS ON 30.09.2011)

Authorised Capital :

No. of Shares	Type	Value	Amount

700000	Equity Shares	Rs.10/- each	Rs.7.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

684000	Equity Shares	Rs.10/- each	Rs.6.840 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		6.840	6.830	6.230
2] Share Application Money		0.000	0.050	0.050
3] Reserves & Surplus		18.786	17.604	14.403
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		25.626	24.484	20.683
LOAN FUNDS
1] Secured Loans		5.664	2.683	4.097
2] Unsecured Loans		2.157	4.058	4.222
TOTAL BORROWING		7.821	6.741	8.319
DEFERRED TAX LIABILITIES		0.000	0.095	0.024

TOTAL		33.447	31.320	29.026

APPLICATION OF FUNDS

FIXED ASSETS [Net Block]		0.473	2.466	2.896
Capital work-in-progress		0.000	0.000	0.000

INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		0.113	0.000	0.000

CURRENT ASSETS, LOANS & ADVANCES
	Inventories	4.231	7.234	8.701
	Sundry Debtors	26.986	15.402	7.414
	Cash & Bank Balances	1.445	4.456	5.005
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	4.118	5.344	7.045
Total Current Assets		36.780	32.436	28.165
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	0.627	0.115	0.107
	Other Current Liabilities	0.465	1.112	0.086
	Provisions	2.827	2.355	1.842
Total Current Liabilities		3.919	3.582	2.035
Net Current Assets		32.861	28.854	26.130

MISCELLANEOUS EXPENSES		0.000	0.000	0.000

TOTAL		33.447	31.320	29.026

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2011	31.03.2010	31.03.2009

	GROSS TURNOVER	355.712	326.336	301.970

Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	2.446	2.217	3.116

Less	FINANCIAL EXPENSES	0.862	0.598	1.119

	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION	1.584	1.619	1.997

Less/ Add	DEPRECIATION/ AMORTISATION	0.178	0.234	0.638

	PROFIT BEFORE TAX	1.406	1.385	1.359

Less	TAX	0.264	0.584	0.590

	PROFIT AFTER TAX	1.141	0.801	0.769

Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD	7.804	7.003	6.234

	BALANCE CARRIED TO THE B/S	8.945	7.804	7.003

	Earnings Per Share (Rs.)	1.67	1.42	1.36

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
Return on Total Assets (PBT/Total Assets}	(%)	3.77	3.97	4.38

Return on Investment (ROI) (PBT/Networth)		0.05	0.06	0.07

Debt Equity Ratio (Total Liability/Networth)		0.46	0.42	0.50

Current Ratio (Current Asset/Current Liability)		9.39	9.06	13.84

LOCAL AGENCY FURTHER INFORMATION

FORM 8

Corporate identity number of the company	U51505BR1996PTC007469
Name of the company	PALLAVI MARKETING PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	6 and 7 Ground Floor, Ashoka Place, Exbition Road, Patna – 800 001, Bihar, India babasamsung@yahoo.com
This form is for	Modification of charge
Charge identification (ID) number of the charge to be modified	80042877
Type of charge	Immovable Property Book debts Others: Stocks
Particular of charge holder	State Bank of India Specialized Commercial Branch, Dak Bunglow Road, Patna – 800 001, Bihar, India kundan.jyoti@sbi.co.in
Nature of instrument creating charge	Supplemental agreement of loan cum hypothecation Letter of arrangement Term And Condition Agreement of Loan Cum Hypothecation Guarantee Agreement
Date of instrument Creating the charge	30.08.2011
Amount secured by the charge	Rs.11.500 millions
Brief of the principal terms an conditions and extent and operation of the charge	· Rate of interest Interest at the rate of 6% margin above base rate · Terms of repayment As Per existing Terms and Condition · Margin Finished Goods -25% Domestic Receivables-40% · Extent and operation of the charge 1) Hypnotization of stock and receivable fixed assets present and future 2) Landed Property at Dariyapur Patna Survey Plot No1275 Ward No.8 CIR No17/A H. No 97 (Old), P 26/103 (New) S No.69 Sale Deed No 695 dt 29.06.88 in the name of Mrs. Kanta Devi Agarwal and Mrs. Sushila Devi Agarwal 3) Shop No 8, Ground Floor at Aditya Arebade, Exhibition Road Patna, Survey Plot No.115 (Part) Ward No.2 (Old),10 (New) EIR No 9 Holding No 519/230 Sheed No 32 Area -267 sq ft Sale Deed No.2468 dt 09/05/95.
Particulars of the property charged	Landed property at Dariyapur Patna Survey Plot No1275 Ward No.8 CIR No.17/A H. No 97 (Old), P26/103 (New) S No.69 Sale Deed No 695 dt 29.06.88 in the name of Mrs. Kanta Devi Agarwal and Mrs. Sushila Devi Agarwal Shop No 8, Ground Floor at Aditya Arebade, Exhibition Road Patna, Survey Plot No.115 (Part) Ward No.2 (Old),10 (New) EIR No 9 Holding No 519/230 Sheed No 32 Area -267 sq ft Sale Deed No.2468 dt 09/05/95.
Date of last modification prior to the present modification	10.10.2007
Particulars of the present modification	Overall increase in credit limit from Rs.10.850 Millions to Rs.11.500 Millions

FIXED ASSETS

· Furniture and Fixture

· Plant and Machinery

· Car

· Telecom Equipment

· Delivery Van

· Computer

· Motor Cycle

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.49.94
UK Pound	1	Rs.78.25
Euro	1	Rs.65.40

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	6
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		47

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

4.231

7.234

8.701

26.986

15.402

7.414

1.445

4.456

5.005

0.000

0.000

0.000

4.118

5.344

7.045

36.780

32.436

0.627

0.115

0.465

1.112

2.827

2.355

3.919

3.582

2.035

32.861

28.854

26.130

3.77

3.97

4.38

0.05

0.06

0.07

0.46

0.42

0.50

9.39

9.06

13.84

Unit