1. Summary Information

Reference #	135-104554-07-020(20120316671)	Country	India
Company Name	NEXT RETAIL INDIA LIMITED	Principal Name 1	Mr. Venugopal Nandlal Dhoot
Status	Moderate	Principal Name 2	Mr. Pradeepkumar Nandlal Dhoot
Our Reference #	173772	Registration #	11-143371
Street Address	Auto Cars Compound, Adalat Road, Aurangabad-431005, Maharashtra
Established Date	04.12.2003	SIC Code	--
Telephone#	Not Available	Business Style 1	Distributors
Fax #	Not Available	Business Style 2	--
Homepage	www.next.co.in	Product Name 1	Electronics
# of employees	1200 [Approximately]	Product Name 2	Electrical Appliances
Paid up capital	Rs.1,112,000,000/-	Product Name 3	--
Shareholders	Bodies Corporate 91.00%, Directors or relatives of directors 9.00%	Banking	IDBI Bank
Public Limited Corp.	No	Business Period	08 Years
IPO	No	International Ins.	-
Public Enterprise	No	Rating	B (32)
Related Company
Relation	Country	Company Name	CEO
Associates / Subsidiaries	--	Sidharth Assets and Services Private Limited	--
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2010		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	2,307,374,000	Current Liabilities	1,126,659,000
Inventories	3,290,583,000	Long-term Liabilities	3,349,057,000
Fixed Assets	388,056,000	Other Liabilities	14,555,000
Deferred Assets	000	Total Liabilities	4,490,271,000
Invest& other Assets	93,342,000	Retained Earnings	477,084,000
		Net Worth	1,589,084,000
Total Assets	6,079,355,000	Total Liab. & Equity	6,079,355,000
Total Assets (Previous Year)	6,713,973,000
P/L Statement as of	31.03.2010		(Unit: Indian Rs.)
Sales	10,925,823,000	Net Profit	23,111,000
Sales(Previous yr)	8,270,988,000	Net Profit(Prev.yr)	1,562,000

MIRA INFORM REPORT

Report Date :

21.03.2012

Tel. No.:	91-22-66897500
Fax No.:	91-22-28598484

IDENTIFICATION DETAILS

Name :	NEXT RETAIL INDIA LIMITED (w.e.f. 2007)
Formerly Known As :	E MART INDIA LIMITED
Registered Office :	Auto Cars Compound, Adalat Road, Aurangabad-431005, Maharashtra
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	04.12.2003
Com. Reg. No.:	11-143371
Capital Investment / Paid-up Capital :	Rs.1112.000 Millions
CIN No.: [Company Identification No.]	U51395MH2003PLC143371
TAN No.: [Tax Deduction & Collection Account No.]	NSKE00404F
PAN No.: [Permanent Account No.]	AABCE3142P
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Distributors of Electronics and Electrical Appliances.
No. of Employees :	1200 [Approximately]

RATING & COMMENTS

MIRA’s Rating :

B (32)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 6350000
Status :	Moderate
Payment Behaviour :	Slow but Correct
Litigation :	Clear
Comments :	Subject is a part of videocon group. It is an established electronic retail chain, having moderate track. Profitability of the company appears to be low. However, trade relations are reported as fair. Business is active. Payments are reported to be slow but correct. The company can be considered for business dealings with some caution.

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

INFORMATION DECLINED BY

Name :	Mr. Rakesh Mehta
Designation :	Accounts Manager
Name :	Mr. Rajendra M. Dungarwal
Designation :	Chief Finance Officer

LOCATIONS

Registered Office :	Auto Cars Compound, Adalat Road, Aurangabad-431005, Maharashtra, India
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	secretarial1@gmail.com nextretailindia@rediffmail.com gopal.somari@next.co.in
Website :	www.next.co.in
Area :	3500 sq ft
Location :	Owned
Corporate Office / Work Office :	1^st Floor, Shiv Ashish, Behind Lathia Rubber, Andheri Kurla Road, Sakinaka, Andheri (East), Mumbai-400072, Maharashtra, India.
Tel. No.:	91-22-66897500
Fax No.:	91-22-28598484
E-Mail :	Rakesh-kogta@next.co.in
Area :	25000 sq ft
Location :	Owned
Head Office 1 :	Techweb Centre, Ground Floor, Next to Raigad Military School, New Link Road, Beharam Bagh, Oshiwara, Jogeshwari (West), Mumbai-400102, Maharashtra, India.
Tel No.:	91-22-42553000
Head Office 2 :	Plot No. 296, 7^th Floor, Udyog Vihar, Phase – II, Gurgaoan – 122015, Haryana, India.
Tel No.:	91-
Branch Office :	Located At: Gurgaon Aurangabad Ghaziabad Indore Lucknow Nagpur Surat Ahmedabad Haryana Jaipur Nashik Pune Delhi Kolkata Ranchi Raipur Mumbai Bangalore Hyderabad Vijaywada Cochin Calicut Madurai Tirupati Chennai

DIRECTORS

As on 30.09.2010

Name :

Mr. Venugopal Nandlal Dhoot

Designation :

Director

Address :

90, Nepan Sea Road, Manav Mandir, Mumbai – 400006, Maharashtra, India

Date of Birth/Age :

30.09.1951

Date of Appointment :

20.12.2006

DIN :

00092450

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	U51909MH1979PLC021974	SHREE DHOOT TRADING AND AGENCIES LIMITED	Director	10-12-79	10-12-79	01-10-09	Active	NO
2	U74120MH1981PTC025424	TEKCARE INDIA PRIVATE LIMITED	Director	13-10-81	13-10-81	-	Active	NO
3	U99999MH1982PTC028960	DHANAPUR INVESTMENTS PRIVATE LIMITED	Director	10-03-84	10-03-84	28-11-07	Active	NO
4	U29308GJ1984PTC007531	TRESSA ELECTRONICS PRIVATE LIMITED	Director	01-10-85	01-10-85	03-12-07	Active	NO
5	U65990MH1990PLC058171	VIDECON INDUSTRIAL FINANCE LIMITED	Director	14-09-90	14-09-90	27-02-07	Amalgamated	NO
6	U51900MH1988PTC047304	FORCE APPLIANCES PRIVATE LIMITED	Director	24-09-93	24-09-93	01-12-07	Active	NO
7	U33201MH1981PTC187884	CARL JAY OPTIC PRIVATE LIMITED	Director	28-04-94	28-04-94	25-03-10	Strike off	NO
8	U99999MH1994PTC133601	POPUP PROPERTIES AND INVESTMENTS PRIVATE LIMITED	Director	26-08-94	26-08-94	31-12-07	Amalgamated	NO
9	U70109MH1994PTC167822	TROON PROPERTIES AND INVESTMENTS PRIVATE LIMITED	Director	26-08-94	26-08-94	26-02-08	Amalgamated	NO
10	U40100MH1994PLC128291	VIDEOCON POWER LIMITED	Director	17-10-94	17-10-94	01-10-06	Active	NO
11	L99999MH1989PLC052233	TREND ELECTRONICS LIMITED	Director	14-02-95	14-02-95	30-03-10	Active	NO
12	U85110MH1991PLC060680	MARATHWADA MEDICAL RESEARCH AND RURAL DEVELOPMENT INSTITUTION	Director	27-09-96	27-09-96	04-10-11	Active	NO
13	U70101MH1960PTC011793	VISSANJI ESTATES PRIVATE LIMITED	Director	18-11-96	18-11-96	20-11-07	Active	NO
14	U67120MH1981PTC023663	NIPPON INVESTMENT AND FINANCE COMPANY PRIVATE LIMITED	Director	20-09-98	20-09-98	-	Active	NO
15	L99999MH1988PLC046445	VALUE INDUSTRIES LIMITED	Director	30-12-98	30-12-98	-	Active	NO
16	U99999MH1995PLC131152	KAIL LIMITED	Director	30-12-98	30-12-98	-	Active	NO
17	U52332KA1995PLC018614	KITCHEN APPLIANCES INDIA LIMITED	Director	30-12-98	30-12-98	-	Dormant	NO
18	U74210MH1987PTC043731	CENTURY APPLIANCES PRIVATE LIMITED	Director	20-07-01	20-07-01	27-02-08	Active	NO
19	U32100MH2002PTC137146	GRUHAUPYOGI ELECTRONICS APPLIANCES PRIVATE LIMITED	Director	05-10-03	05-10-03	29-09-07	Amalgamated	NO
20	U45102MH1994PLC133954	VIDEOCON REALTY AND INFRASTRUCTURES LIMITED CN	Director	18-10-03	18-10-03	-	Active	NO
21	U65992PN1982PTC028301	DOME-BELL ELECTRONICS INDIA PRIVATE LIMITED	Director	29-09-08	24-01-04	-	Active	NO
22	U32109PN2002PTC017110	MAYUR HOUSEHOLD ELECTRONICS APPLIANCES PRIVATE LIMITED	Director	25-03-05	03-07-04	01-10-09	Active	NO
23	U31900MH2002PTC136620	TANGENT ELECTRONICS PRIVATE LIMITED	Director	03-07-04	03-07-04	29-09-07	Active	NO
24	U70101MH1994PTC079017	WONDERLAND ESTATE DEVELOPERS PRIVATE LIMITED	Director	20-07-04	20-07-04	-	Amalgamated	NO
25	U32204MH1979PTC021985	SOLITAIRE APPLIANCES PRIVATE LIMITED	Director	30-09-05	31-01-05	-	Active	NO
26	U32109PN2002PTC017127	GODAVARI CONSUMER ELECTRONICS APPLIANCES PRIVATE LIMITED	Director	24-03-06	19-05-05	30-03-09	Active	NO
27	L99999MH1986PLC103624	VIDEOCON INDUSTRIES LIMITED	Managing director	01-09-10	01-06-05	-	Active	NO
28	U32100MH2004PLC146041	UTTARANCHAL APPLIANCES LIMITED	Director	29-09-06	15-10-05	30-03-09	Active	NO
29	U91990DL1920PLC008223	THE ASSOCIATED CHAMBERS OF COMMERCE AND INDUSTRY OF INDIA	Director	21-10-05	21-10-05	11-12-10	Active	NO
30	L74899DL1981PLC011274	BHARAT HOTELS LIMITED	Director	25-08-06	07-03-06	26-08-09	Active	NO
31	U92100MH2006PTC162926	VC DIGITAL SOLUTIONS PRIVATE LIMITED	Director	29-06-06	29-06-06	01-10-09	Active	NO
32	U51395MH2003PLC143371	NEXT RETAIL INDIA LIMITED	Director	20-12-06	20-12-06	-	Active	NO
33	U32109PN2002PTC017096	SHYADHRI CONSUMER ELECTRONICS (INDIA) PRIVATE LIMITED	Director	26-12-06	26-12-06	31-03-10	Active	NO
34	U31908MH2007PLC171109	VIDEOCON INDIA LIMITED	Director	23-05-07	23-05-07	12-01-10	Active	NO
35	U40102MH2007PTC171813	PIPAVAV ENERGY PRIVATE LIMITED	Director	19-06-07	19-06-07	31-07-09	Active	NO
36	U32100MH2003PLC142232	VIDEOCON INTERNATIONAL ELECTRONICS LIMITED	Director	31-03-08	11-12-07	-	Active	NO
37	U72900MH2007PLC204763	VIDEOCON TELECOMMUNICATIONS LIMITED	Additional director	12-12-07	12-12-07	10-06-08	Active	NO
38	L40101DL1969GOI005095	RURAL ELECTRIFICATION CORPORATION LIMITED	Director	20-12-07	20-12-07	19-12-10	Active	NO
39	U31109MH2008PLC177199	VIDEOCON SEMICONDUCTOR LIMITED	Director	01-01-08	01-01-08	25-02-08	Active	NO
40	U51109MH2008PLC177746	VIDEOCON DISPLAY LIMITED	Additional director	02-02-08	02-02-08	28-02-08	Active	NO
41	U29299MH1979PTC021986	WALUJ COMPONENTS PRIVATE LIMITED	Director	26-09-08	07-04-08	25-03-10	Active	NO
42	U64200DL2008PTC177034	UNIVERSAL MOBILE TOWERS PRIVATE LIMITED	Director	22-04-08	22-04-08	31-03-10	Active	NO
43	U40108MH2008PTC182762	NORTHWEST ENERGY PRIVATE LIMITED	Director	28-05-08	28-05-08	01-10-09	Active	NO
44	U40102MH2008PTC183071	EXCEL POWER PRIVATE LIMITED	Director	02-06-08	02-06-08	01-10-09	Active	NO
45	U40102MH2008PTC183056	NORTH INDIA ENERGY PRIVATE LIMITED	Director	02-06-08	02-06-08	15-12-09	Active	NO
46	U64200PB2008PTC031992	SKYSTAR TELECOM PRIVATE LIMITED	Director	10-06-08	10-06-08	01-10-09	Active	NO
47	U40104MH2008PTC184134	UNITY POWER PRIVATE LIMITED	Director	30-06-08	30-06-08	01-10-09	Active	NO
48	U29308MH2002PTC137006	ESHWAR HOME APPLIANCES PRIVATE LIMITED	Director	27-09-08	01-07-08	-	Active	NO
49	U40109MH2008PTC184279	SUPREME ENERGY PRIVATE LIMITED	Director	03-07-08	03-07-08	15-01-09	Active	NO
50	U92100MH2008PTC184412	BHARAT BROADCASTING CORPORATION PRIVATE LIMITED	Director	08-07-08	08-07-08	-	Active	NO
51	U72200MH2008PLC187148	VIDEOCON INFOTEL LIMITED	Director	29-09-08	29-09-08	30-09-08	Active	NO
52	U64200MH2008PTC188484	VIDEOCON TELECOM HOLDINGS PRIVATE LIMITED	Director	26-11-08	26-11-08	01-10-09	Active	NO
53	U40108MH2008PLC189142	NUPOWER RENEWABLES LIMITED	Director	24-12-08	24-12-08	15-01-09	Active	NO
54	U99999MH1947PLC005708	EVANS FRASER AND COMPANY (INDIA) LIMITED	Additional director	10-04-09	10-04-09	-	Active	NO
55	U32109MH2009PTC191649	QUADRANT ENTERPRISES PRIVATE LIMITED	Additional director	01-09-09	01-09-09	19-03-10	Active	NO
56	U74900DL2007PTC166266	SENIOR CONSULTING PRIVATE LIMITED	Director	30-09-10	18-09-09	-	Active	NO
57	U93000DL2007PTC166247	JUMBO TECHNO SERVICES PRIVATE LIMITED	Director	30-09-10	18-09-09	-	Active	NO
58	U40105MH2010PLC198384	VIDEOCON POWER VENTURES LIMITED	Director	04-01-10	04-01-10	-	Active	NO
59	U40103MH2010PLC198876	VIDEOCON ENERGY LIMITED	Director	13-01-10	13-01-10	-	Active	NO
60	U11102MH2010PLC199078	VIDEOCON OIL VENTURES LIMITED	Director	19-01-10	19-01-10	-	Active	NO
61	U45200MH2008PTC179103	P- VISION SPORTS PRIVATE LIMITED	Additional director	27-02-10	27-02-10	12-04-10	Active	NO
62	U74999MH2007PTC168002	SADGURU MULTITRADE PRIVATE LIMITED	Director	07-08-10	07-08-10	-	Active	NO
63	U40102MH2010PLC207353	WEST BENGAL POWER VENTURES LIMITED	Director	01-09-10	01-09-10	-	Active	NO

Name :

Mr. Pradeepkumar Nandlal Dhoot

Designation :

Director

Address :

99, 1^st Floor, Videocon House, Manav Mandir Road, Napean Sea Road, Mumbai – 400006, Maharashtra, India

Date of Birth/Age :

22.03.1960

Date of Appointment :

05.12.2003

DIN :

01635315

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	U99999MH1982PTC028960	DHANAPUR INVESTMENTS PRIVATE LIMITED	Director	10-03-84	10-03-84	-	Active	NO
2	L99999MH1989PLC052233	TREND ELECTRONICS LIMITED	Director	16-06-89	16-06-89	-	Active	NO
3	L99999MH1986PLC103624	VIDEOCON INDUSTRIES LIMITED	Whole-time director	20-11-10	16-02-91	-	Active	NO
4	U72102MH1994PTC168498	BALI PROPERTIESANDINVESTMENTS PRIVATE LIMITED	Director	08-03-94	08-03-94	01-10-08	Active	NO
5	U29191MH1994PLC131185	INDIAN REFRIGERATOR COMPANY LIMITED	Director	18-04-94	18-04-94	12-05-07	Active	NO
6	U40100MH1994PLC128291	VIDEOCON POWER LIMITED	Director	17-10-94	17-10-94	12-05-07	Active	NO
7	U67120MH1995PLC133952	VIDEOCON VCR SECURITIES LIMITED	Director	14-02-95	14-02-95	12-05-07	Strike off	NO
8	L99999MH1988PLC046445	VALUE INDUSTRIES LIMITED	Director	22-08-96	22-08-96	-	Active	NO
9	U85110MH1991PLC060680	MARATHWADA MEDICAL RESEARCH AND RURAL DEVELOPMENT INSTITUTION	Director	27-09-96	27-09-96	30-09-11	Active	NO
10	U29302PN1996PLC104800	APPLICOMP (INDIA) LIMITED	Director	31-12-96	31-12-96	-	Active	NO
11	U29305DL1999PLC100556	AKAI CONSUMER ELECTRONICS INDIA LIMITED	Director	06-07-99	06-07-99	12-05-07	Active	NO
12	U51395MH1996PTC197988	DISPLAY DEVICES PRIVATE LIMITED	Director	29-04-01	29-04-01	-	Active	NO
13	U65990MH1990PLC058171	VIDECON INDUSTRIAL FINANCE LIMITED	Director	18-06-01	18-06-01	27-02-07	Amalgamated	NO
14	U29300MH2001PTC139623	KENTOSH ELECTRONICS INDIA PRIVATE LIMITED	Director	22-09-01	22-09-01	01-10-09	Active	NO
15	U29308PN1999PLC014301	MILLENNIUM APPLIANCES INDIA LIMITED	Director	10-12-01	10-12-01	01-12-09	Active	NO
16	U70109MH1995PTC167832	AHMEDNAGAR ELECTRONICS PRIVATE LIMITED	Director	01-10-03	01-10-03	01-10-09	Active	NO
17	U01111GA1994PTC001725	SYCAMORE GROWMORE PRIVATE LIMITED	Director	01-11-03	01-11-03	-	Active	NO
18	U17114GA1994PTC001691	CONIFER TEXTILES PRIVATE LIMITED	Director	01-11-03	01-11-03	-	Active	NO
19	U51395MH2003PLC143371	NEXT RETAIL INDIA LIMITED	Director	05-12-03	05-12-03	-	Active	NO
20	U99999MH1994PTC133601	POPUP PROPERTIES AND INVESTMENTS PRIVATE LIMITED	Director	31-10-04	31-10-04	30-04-08	Amalgamated	NO
21	U11204MH2004PLC147217	SKY APPLIANCES LIMITED	Director	17-01-05	17-01-05	25-02-08	Active	NO
22	U32204MH1979PTC021984	GREENFIELD APPLIANCES PRIVATE LIMITED	Director	27-09-05	31-01-05	-	Active	NO
23	U32109MH1979PTC021997	PLATINUM APPLIANCES PRIVATE LIMITED	Director	28-09-05	31-01-05	-	Active	NO
24	U70200MH1995PTC167706	JULIETTA PROPERTIESANDFINVEST PRIVATE LIMITED	Director	31-01-05	31-01-05	-	Amalgamated	NO
25	U63033MH2006PTC160510	INTERNATIONAL AIRCHARTER OPERATIONS INDIA PRIVATE LIMITED	Director	14-03-06	14-03-06	-	Active	NO
26	U45201MH2006PTC166382	VIDEOCON SEZ INFRASTRUCTURES PRIVATE LIMITED	Director	21-12-06	21-12-06	25-02-08	Active	NO
27	U45200MH2007PTC166977	VIDEOCON REALTY PRIVATE LIMITED	Director	12-01-07	12-01-07	20-03-08	Active	NO
28	U45102MH1994PLC133954	VIDEOCON REALTY AND INFRASTRUCTURES LIMITED CN	Director	02-03-07	02-03-07	-	Active	NO
29	U31908MH2007PLC171109	VIDEOCON INDIA LIMITED	Director	23-05-07	23-05-07	-	Active	NO
30	U11204MH2007PLC171196	TECHNO ELECTRONICS LIMITED	Director	29-05-07	29-05-07	-	Active	NO
31	U72200MH2007PLC173052	INFODART TECHNOLOGIES INDIA LIMITED	Director	13-08-07	13-08-07	-	Active	NO
32	U32100MH2003PLC142232	VIDEOCON INTERNATIONAL ELECTRONICS LIMITED	Director	31-03-08	11-12-07	-	Active	NO
33	U72900MH2007PLC204763	VIDEOCON TELECOMMUNICATIONS LIMITED	Director	06-12-08	12-12-07	-	Active	NO
34	U31109MH2008PLC177199	VIDEOCON SEMICONDUCTOR LIMITED	Director	01-01-08	01-01-08	30-06-09	Active	NO
35	U51109MH2008PLC177746	VIDEOCON DISPLAY LIMITED	Director	11-01-08	11-01-08	28-02-08	Active	NO
36	U45202MH2008PLC177912	QUALCON INFRA LIMITED	Director	18-01-08	18-01-08	25-02-08	Active	NO
37	U11100MH2008PLC179061	VIDEOCON OIL SERVICES LIMITED	Director	19-02-08	19-02-08	01-03-08	Active	NO
38	U51109MH2008PLC180993	INSTANT RETAIL INDIA LIMITED	Director	09-04-08	09-04-08	01-10-09	Active	NO
39	U64200DL2008PTC177034	UNIVERSAL MOBILE TOWERS PRIVATE LIMITED	Director	22-04-08	22-04-08	-	Active	NO
40	U55101MH2008PTC183057	KOLHAPUR HOSPITALITY PRIVATE LIMITED	Director	02-06-08	02-06-08	01-10-09	Active	NO
41	U55101MH2008PTC183055	NANDED HOSPITALITY PRIVATE LIMITED	Director	02-06-08	02-06-08	01-10-09	Active	NO
42	U55101MH2008PTC183043	JALGAON HOSPITALITY PRIVATE LIMITED	Director	02-06-08	02-06-08	01-10-09	Active	NO
43	U55101MH2008PTC183042	HUBLI HOSPITALITY PRIVATE LIMITED	Director	02-06-08	02-06-08	01-10-09	Active	NO
44	U55101MH2008PTC183041	H1 HOSPITALITY PRIVATE LIMITED	Director	02-06-08	02-06-08	01-10-09	Active	NO
45	U72300MH2008PTC187046	LOYALTY MANAGEMENT INSIGHTS NETWORK AND EXCHANGE PRIVATE LIMITED	Director	24-09-08	24-09-08	-	Active	NO
46	U64200MH2008PTC188484	VIDEOCON TELECOM HOLDINGS PRIVATE LIMITED	Director	26-11-08	26-11-08	22-12-09	Active	NO
47	U64201PB2008PTC031630	DATACOM TELECOMMUNICATIONS PRIVATE LIMITED	Director	31-12-09	18-03-09	-	Active	NO
48	U32109MH2009PTC191649	QUADRANT ENTERPRISES PRIVATE LIMITED	Additional director	01-09-09	01-09-09	-	Active	NO
49	U51109MH2008PLC188547	UNITY APPLIANCES LIMITED	Additional director	05-09-09	05-09-09	-	Active	NO
50	U40105MH2010PLC198384	VIDEOCON POWER VENTURES LIMITED	Director	04-01-10	04-01-10	02-09-10	Active	NO
51	U63090MH2010PLC202993	VELOLOGIS-NET INDIA LIMITED	Director	11-05-10	11-05-10	-	Active	NO
52	U32103MH2010PLC206662	MAHARASHTRA SEMICONDUCTOR AND DISPLAYS LIMITED	Director	16-08-10	16-08-10	-	Active	NO

Name :

Mr. Krishnamahari Soundrarajan Raman

Designation :

Director

Address :

67, Mysore Colony, RCF P. O., Chembur, Mumbai – 400074, Maharashtra, India

Date of Birth/Age :

17.07.1947

Date of Appointment :

06.11.2004

DIN :

00096768

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	L32109MH1980PLC023141	SUNDARSONS ELECTRONICS LIMITED	Director	19-09-80	19-09-80	Active	YES
2	U51395MH2003PLC143371	NEXT RETAIL INDIA LIMITED	Director	06-11-04	06-11-04	Active	NO
3	L29301MH1994PLC078695	KANCHAN INTERNATIONAL LIMITED	Director	26-04-05	26-04-05	Active	NO
4	U52334MH2003PLC138881	PLUGIN SALES LIMITED	Director	08-07-06	30-10-05	Active	NO
5	U74899DL1993PLC055816	ONICRA CREDIT RATING AGENCY OF INDIA LIMITED	Director	29-09-07	22-05-07	Active	NO
6	U67190DL2007PLC166293	ONICRA CREDIT INFORMATION COMPANY LIMITED	Managing director	01-08-09	26-07-07	Active	NO

Name :

Mr. NaveenKumar Mandhana

Designation :

Director

Address :

907-908/A, Akruti Nova, Saiwadi, Opposite Teli Galli Andheri (East), Mumbai – 400069, Maharashtra, India

Date of Birth/Age :

18.09.1956

Date of Appointment :

20.12.2006

DIN :

01222013

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	L99999MH1988PLC046445	VALUE INDUSTRIES LIMITED	Director	08-03-88	08-03-88	Active	NO
2	U51395MH2003PLC143371	NEXT RETAIL INDIA LIMITED	Director	20-12-06	20-12-06	Active	NO
3	U31109MH2008PLC177199	VIDEOCON SEMICONDUCTOR LIMITED	Director	29-06-09	25-02-08	Active	NO
4	U45202MH2008PLC177912	QUALCON INFRA LIMITED	Additional director	25-02-08	25-02-08	Active	NO
5	U51109MH2008PLC177746	VIDEOCON DISPLAY LIMITED	Additional director	28-02-08	28-02-08	Active	NO
6	U11100MH2008PLC179061	VIDEOCON OIL SERVICES LIMITED	Director	17-08-09	01-03-08	Active	NO
7	L31300MH1992PLC067802	RAM RATNA WIRES LIMITED	Director	28-08-08	28-05-08	Active	NO
8	U63000MH2010PLC199386	PANORAMA LOGISTIC SOLUTIONS LIMITED	Additional director	20-09-10	20-09-10	Active	NO
9	U63090MH2010PLC202993	VELOLOGIS-NET INDIA LIMITED	Additional director	20-09-10	20-09-10	Active	NO
10	U80900MH2011PTC215324	EDUKUL SOLUTIONS PRIVATE LIMITED	Director	25-03-11	25-03-11	Active	NO

Name :

Mr. Suresh Madhava Hegde

Designation :

Director

Address :

51, Plot No.C1-C2, Dream Queen, S V P Road, Santacruz (West), Mumbai – 400053, Maharashtra, India

Date of Birth/Age :

19.03.1958

Date of Appointment :

01.01.2008

DIN :

01321882

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	U27100MH1974PTC017927	ARIHANT METALS AND ALLOY PRIVATE LIMITED	Director	30-09-93	30-09-93	-	Active	NO
2	U15400MH1993PTC166316	SURAT MILLKS PRIVATE LIMITED	Director	15-12-93	15-12-93	-	Amalgamated	NO
3	U15540MH1993PTC166399	PELICAN DRINKS PRIVATE LIMITED	Director	15-12-93	15-12-93	-	Amalgamated	NO
4	U24110MH1993PTC166221	KINDCUP CHEMICALS PRIVATE LIMITED	Director	15-12-93	15-12-93	-	Amalgamated	NO
5	U29199MH1993PTC166220	HOLLY HOCK ENGINEERING PRIVATE LIMITED	Director	15-12-93	15-12-93	-	Amalgamated	NO
6	U74999MH1993PTC166324	TUDAR LAMINATES PRIVATE LIMITED	Director	15-12-93	15-12-93	-	Amalgamated	NO
7	U01110MH1993PTC166695	SEABIRD FOODS PRIVATE LIMITED	Director	15-12-93	15-12-93	-	Amalgamated	NO
8	U31909MH1993PTC166226	SEABIRD ELECCTRICALS PRIVATE LIMITED	Director	15-12-93	15-12-93	-	Amalgamated	NO
9	U34110MH1993PTC166326	SAHYADRI AUTO ENGINEERING PRIVATE LIMITED	Director	15-12-93	15-12-93	-	Amalgamated	NO
10	U25200MH1993PTC166318	MAHISAGAR PLASTICS PRIVATE LIMITED	Director	15-12-93	15-12-93	-	Amalgamated	NO
11	U17110MH1993PTC166223	LONG ISLAND TEXTILES PRIVATE LIMITED	Director	15-12-93	15-12-93	-	Amalgamated	NO
12	U31909GJ1993PTC020834	SHATRUNJAY ELECTRONICS PRIVATE LIMITED	Director	15-12-93	15-12-93	-	Active	NO
13	U29120GJ1993PLC020829	TAPTI MACHINES LIMITED	Director	15-12-93	15-12-93	-	Active	NO
14	U24231GJ1993PLC020826	PELICAN PACKERS LIMITED	Director	15-12-93	15-12-93	-	Active	NO
15	U72102MH1994PTC167717	AIRKING PROPERTIESANDINVESTMENTS PRIVATE LIMITED	Director	08-03-94	08-03-94	-	Amalgamated	NO
16	U33201MH1981PTC187884	CARL JAY OPTIC PRIVATE LIMITED	Director	28-04-94	28-04-94	-	Strike off	NO
17	U70102MH1994PTC167826	FIZGIC PROPERTIES AND INVESTMENTS PRIVATE LIMITED	Director	26-08-94	26-08-94	-	Active	NO
18	U70102MH1994PTC169940	AUSHERRA PROPERTIES AND INVESTMENTS PRIVATE LIMITED	Director	26-08-94	26-08-94	-	Amalgamated	NO
19	U70102MH1994PTC167819	DAZZING PROPERTIES AND INVESTMENTS PRIVATE LIMITED	Director	26-08-94	26-08-94	-	Active	NO
20	U70109MH1994PTC167815	REDMOND PROPERTIES AND INVESTMENTS PRIVATE LIMITED	Director	26-08-94	26-08-94	-	Active	NO
21	U70109MH1994PTC187857	TOPAKI MEDIA PRIVATE LIMITED	Director	26-08-94	26-08-94	-	Active	NO
22	U70102MH1994PTC187887	MONTEGO PROPERTIES AND INVESTMENTS PRIVATE LIMITED	Director	26-08-94	26-08-94	-	Active	NO
23	U00082MH1994PTC187986	ZARUS PROPERTIES AND INVESTMENTS PRIVATE LIMITED	Director	26-08-94	26-08-94	-	Active	NO
24	U70102MH1994PTC187885	MALONE PROPERTIES AND INVESTMENST PRIVATE LIMITED	Director	26-08-94	26-08-94	-	Active	NO
25	U70109MH1994PTC167822	TROON PROPERTIES AND INVESTMENTS PRIVATE LIMITED	Director	26-08-94	26-08-94	-	Amalgamated	NO
26	U01111GA1994PTC001725	SYCAMORE GROWMORE PRIVATE LIMITED	Director	24-11-94	24-11-94	-	Active	NO
27	U70200MH1995PTC168096	WORLI INFRASTRUCTURESANDDEVELOPERS PRIVATE LIMITED	Director	12-01-95	12-01-95	-	Amalgamated	NO
28	U70200MH1995PTC167831	TECORNO PROPERTIES AND FINVEST PRIVATE LIMITED	Director	12-01-95	12-01-95	-	Active	NO
29	U70200MH1995PTC169935	JOSHUA PROPERTIES ANDFINVEST PRIVATE LIMITED	Director	12-01-95	12-01-95	-	Active	NO
30	U70200KA1995PTC016979	MICKLEOVER PROPERTIES AND FINVEST PRIVATE LIMITED	Director	16-01-95	16-01-95	-	Dormant	NO
31	U70109MH1995PTC187870	LORUS PROPERTIESANDFINVEST PRIVATE LIMITED	Director	16-01-95	16-01-95	-	Active	NO
32	U70200MH1995PTC167720	KARTOUCHE PROPERTIES AND FINVEST PRIVATE LIMITED	Director	16-01-95	16-01-95	-	Dormant	NO
33	U67120DL1985PLC020756	ESSAL FINANCE LIMITED	Director	31-01-95	31-01-95	01-10-08	Active	NO
34	U65993KA1995PTC017310	TRINITY INFRATECH PRIVATE LIMITED	Director	01-03-95	01-03-95	-	Active	NO
35	U99999MH1947PLC005708	EVANS FRASER AND COMPANY (INDIA) LIMITED	Director	06-09-95	06-09-95	-	Active	NO
36	U30000MH1995PTC095226	BIO MEDICON SYSTEMS (INDIA) PRIVATE LIMITED	Director	12-12-95	12-12-95	-	Active	NO
37	U29190MH1996PTC098120	VOYAGE ENGINEERING (INDIA) PRIVATE LIMITED	Director	14-03-96	14-03-96	-	Amalgamated	NO
38	U74210MH1996PTC098116	AIRSHOT ENGINEERING (INDIA) PRIVATE LIMITED	Director	14-03-96	14-03-96	-	Amalgamated	NO
39	U29190MH1996PTC098119	SPRINGSTEEN ENGINEERING (INDIA) PRIVATE LIMITED	Director	14-03-96	14-03-96	-	Amalgamated	NO
40	U17120MH1957PTC010987	THE INVEX PRIVATE LIMITED	Director	26-10-96	26-10-96	-	Active	NO
41	U70101MH1960PTC011793	VISSANJI ESTATES PRIVATE LIMITED	Director	18-11-96	18-11-96	-	Active	NO
42	U67120MH1981PTC023663	NIPPON INVESTMENT AND FINANCE COMPANY PRIVATE LIMITED	Director	20-09-98	20-09-98	-	Active	NO
43	U72200GJ2000PTC037198	E INFOTECH INDIA PRIVATE LIMITED	Director	25-12-00	25-12-00	01-06-11	Active	NO
44	L74899DL1994PLC057009	SOUTH POLE SECURITIES LIMITED	Director	31-03-01	31-03-01	01-10-08	Active	NO
45	U29308PN1999PLC014301	MILLENNIUM APPLIANCES INDIA LIMITED	Director	10-12-01	10-12-01	-	Active	NO
46	U45202MH2002PTC135915	VIDEOCON ATITHI SHELTERS PRIVATE LIMITED	Director	17-05-02	17-05-02	-	Active	NO
47	U29191MH1994PLC131185	INDIAN REFRIGERATOR COMPANY LIMITED	Director	27-11-02	27-11-02	-	Active	NO
48	U92100MH2002PLC137947	BHARAT BUSINESS CHANNEL LIMITED	Director	27-11-02	27-11-02	-	Active	NO
49	U32100MH2003PLC142232	VIDEOCON INTERNATIONAL ELECTRONICS LIMITED	Director	16-09-03	16-09-03	24-12-07	Active	NO
50	U45102MH1994PLC133954	VIDEOCON REALTY AND INFRASTRUCTURES LIMITED CN	Director	18-10-03	18-10-03	-	Active	NO
51	U17114GA1994PTC001691	CONIFER TEXTILES PRIVATE LIMITED	Director	01-11-03	01-11-03	-	Active	NO
52	U72900MH2000PLC127116	INDIA LEARNING COMPANY LIMITED	Director	14-11-03	14-11-03	-	Active	NO
53	U17110MH1971PTC015082	MODELLA TEXTILE INDUSTRIES PRIVATE LIMITED	Director	19-04-04	19-04-04	-	Dormant	NO
54	U33110MH2004PTC146176	BIOMEDICON SYSTEMS (MUMBAI) PRIVATE LIMITED	Director	10-05-04	10-05-04	-	Active	NO
55	U33110MH2004PTC146175	MEDICON SURGICAL INSTRUMENTS (INDIA) PRIVATE LIMITED	Director	10-05-04	10-05-04	-	Active	NO
56	U92490MH2004PTC146520	GAMING SOLUTIONS (INDIA) PRIVATE LIMITED	Director	25-05-04	25-05-04	-	Strike off	NO
57	U24230MH2004PLC147115	TRINITY ACADEMY FOR CORPORATE TRAINING LIMITED	Director	23-06-04	23-06-04	-	Active	NO
58	U70101MH1994PTC079017	WONDERLAND ESTATE DEVELOPERS PRIVATE LIMITED	Director	20-07-04	20-07-04	-	Amalgamated	NO
59	U65944MH2004PTC062319	CHANAKYA TECHNOLOGIES (INDIA) PRIVATE LIMITED	Director	30-09-04	30-09-04	-	Active	NO
60	U51900MH2004PTC075020	KANHA VENTURES PRIVATE LIMITED	Director	30-09-04	30-09-04	01-06-11	Active	NO
61	U11204MH2004PLC147217	SKY APPLIANCES LIMITED	Director	22-12-05	17-01-05	-	Active	NO
62	U74994MH2005PTC152789	CHANAKYA INTERIORS PRIVATE LIMITED	Director	21-04-05	21-04-05	-	Dormant	NO
63	U74999GJ1991PTC015561	KUNTE AND MODHA CONSULTANTS PRIVATE LIMITED(MEGACORP)	Director	02-02-06	02-02-06	-	Active	NO
64	U65922GJ1984PTC007358	SACHETNA FINANCE PRIVATE LIMITED	Director	02-02-06	02-02-06	30-07-11	Active	NO
65	U70100MH2005PTC156645	MAGROLIA LEASING AND INFOTECH PRIVATE LIMITED	Director	06-02-06	06-02-06	-	Active	NO
66	U29302PN1996PLC104800	APPLICOMP (INDIA) LIMITED	Director	31-01-07	08-03-06	-	Active	NO
67	U51109MH2006PLC160843	ARL LOGISTICS LIMITED	Director	29-03-06	29-03-06	-	Active	NO
68	U71200MH2004PTC148194	ARCHANGEL LEASING AND INFOTECH PRIVATE LIMITED	Director	20-04-06	20-04-06	-	Active	NO
69	U72900MH2005PTC150970	WESTEX INFOTECH PRIVATE LIMITED	Director	07-06-06	07-06-06	-	Active	NO
70	U70100MH1995PTC089894	GRACE REALTY PRIVATE LIMITED	Director	16-08-06	16-08-06	-	Active	NO
71	U45201MH2006PTC166383	VERONICA PROPERTIES PRIVATE LIMITED	Director	21-12-06	21-12-06	21-06-08	Active	NO
72	U45201MH2006PTC166384	VIDEOCON SEZ INFRASTRUCTURES (PUNE) Private LIMITED	Director	21-12-06	21-12-06	21-06-08	Active	NO
73	U45201MH2007PTC166699	TITAN REALTY PRIVATE LIMITED	Director	04-01-07	04-01-07	10-06-08	Active	NO
74	U63090MH2007PTC167616	MODUS LOGISTICS PRIVATE LIMITED	Director	06-02-07	06-02-07	08-10-07	Active	NO
75	U11204MH2007PLC171196	TECHNO ELECTRONICS LIMITED	Director	05-06-07	05-06-07	-	Active	NO
76	U70102MH2007PLC167606	PLANET 'M' RETAIL LIMITED	Director	04-08-08	02-11-07	-	Active	NO
77	U67120MH2007PTC175857	CAPITAREAL SECURITIES PRIVATE LIMITED	Director	31-12-08	26-11-07	18-07-11	Active	YES
78	U93090MH2007PTC175858	CAPITAREAL VENTURES PRIVATE LIMITED	Director	31-12-08	26-11-07	18-07-11	Active	YES
79	U51395MH2003PLC143371	NEXT RETAIL INDIA LIMITED	Director	26-09-08	01-01-08	-	Active	NO
80	L36999GJ1991PLC016625	KEMROCK INDUSTRIES AND EXPORTS LIMITED	Director	06-09-08	17-01-08	15-01-10	Active	NO
81	U80302MH2008PTC181270	GLOBAL SCHOOL OF FINANCIAL PLANNING PRIVATE LIMITED	Director	17-04-08	17-04-08	-	Active	NO
82	U55101MH2008PTC186399	TRINITY CORPORATE HOSPITALITY AND MANPOWER SERVICES PRIVATE LIMITED	Director	02-09-08	02-09-08	-	Active	NO
83	U99999MH1982PTC028960	DHANAPUR INVESTMENTS PRIVATE LIMITED	Director	23-09-09	10-12-08	-	Active	NO
84	U01403MH2009PTC190200	HEBRI PLANTATIONS PRIVATE LIMITED	Director	09-02-09	09-02-09	-	Active	NO
85	U29268MH2009PTC192911	POWERTECH TOOLS PRIVATE LIMITED	Director	02-06-09	02-06-09	-	Active	NO
86	U74210MH1987PTC043731	CENTURY APPLIANCES PRIVATE LIMITED	Additional director	01-12-09	01-12-09	20-04-10	Active	NO
87	U40102MH2007PTC171813	PIPAVAV ENERGY PRIVATE LIMITED	Director	11-06-10	21-12-09	-	Active	NO
88	U80301MH2010PTC204244	EDURISER LEARNING SOLUTIONS PRIVATE LIMITED	Director	15-06-10	15-06-10	-	Active	NO
89	U67100MH2010PTC204625	YES CAPITAL VENTURE PRIVATE LIMITED	Director	22-06-10	22-06-10	-	Active	NO
90	U74999MH2007PTC168002	SADGURU MULTITRADE PRIVATE LIMITED	Director	07-08-10	07-08-10	-	Active	NO
91	U40300MH2010PTC201493	CHHATTISGARH POWER VENTURES PRIVATE LIMITED	Additional director	01-09-10	01-09-10	-	Active	NO
92	U70102MH2010PLC208000	VIDEOCON DEVELOPERS LIMITED	Director	21-09-10	21-09-10	-	Active	NO
93	U67190MH2011PTC212028	GLOBAL MEDIA VENTURES INDIA PRIVATE LIMITED	Director	09-01-11	09-01-11	-	Active	NO
94	U80904MH2011PTC212507	TRINITY GLOBAL EDUCATION PRIVATE LIMITED	Director	19-01-11	19-01-11	-	Active	NO
95	U45400MH2011PTC213010	CENTRAL PARK (KHARGHAR) LIFESTYLES PRIVATE LIMITED	Director	04-02-11	04-02-11	-	Active	NO
96	U80903MH1992PTC068828	IDEAL EDUSYSTEM PRIVATE LIMITED	Additional director	27-02-11	27-02-11	-	Active	NO
97	U80301MH2011PTC219608	AARON EDUCATION PRIVATE LIMITED	Director	08-07-11	08-07-11	-	Active	NO
98	U80904MH2011NPL222602	AARON EDUCATION FOUNDATION	Director	30-09-11	30-09-11	-	Active	NO

Name :

Mr. Subramanian Padmanabhan

Designation :

Director

Address :

30, Vishrambagh Society, Senapati Bapat Road, Pune – 411016, Masharashtra, India

Date of Birth/Age :

01.09.1939

Date of Appointment :

09.12.2007

DIN :

00001207

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	U40100MH1994PLC128291	VIDEOCON POWER LIMITED	Director	22-12-94	22-12-94	-	Active	NO
2	L99999MH1989PLC052233	TREND ELECTRONICS LIMITED	Director	18-08-95	18-08-95	30-03-10	Active	NO
3	U99999MH1995PLC131152	KAIL LIMITED	Director	23-08-95	23-08-95	-	Active	NO
4	U29302PN1996PLC104800	APPLICOMP (INDIA) LIMITED	Director	31-12-96	31-12-96	-	Active	NO
5	U99999MH1996PLC128289	VIDEOCON ENERGY HOLDINGS LIMITED	Director	01-08-97	01-08-97	-	Active	NO
6	U40105MH1996PTC128290	GOA ENERGY PRIVATE LIMITED	Director	01-08-97	01-08-97	-	Active	NO
7	U67120MH1995PLC133952	VIDEOCON VCR SECURITIES LIMITED	Director	24-06-98	24-06-98	29-09-08	Strike off	NO
8	U55101MH1973PLC016960	DESAI BROTHERS LTD	Director	01-04-99	01-04-99	-	Active	NO
9	L24119PN1951PLC008409	SUDARSHAN CHEMICAL INDUSTRIES LIMITED	Director	25-09-02	25-09-02	-	Active	NO
10	L34103PN1944PLC020842	PREMIER LIMITED	Director	24-12-02	24-12-02	-	Active	NO
11	L99999MH1964PLC012835	ASIAN ELECTRONICS LIMITED	Director	25-11-03	25-11-03	05-11-08	Active	NO
12	L99999MH1986PLC103624	VIDEOCON INDUSTRIES LIMITED	Director	31-03-06	01-06-05	-	Active	NO
13	U24231MH1974PTC017243	AQUAPHARM CHEMICALS PRIVATE LIMITED	Director	14-09-05	14-09-05	-	Active	NO
14	L28910PN1990PLC056985	RAJKUMAR FORGE LIMITED	Director	24-04-06	24-04-06	-	Active	NO
15	L29150PN1989PLC054143	SANGHVI MOVERS LIMITED	Director	02-09-06	02-09-06	-	Active	NO
16	L34102PN1958PLC011172	FORCE MOTORS LIMITED	Director	30-09-06	30-09-06	-	Active	NO
17	U40102MH2007PTC171813	PIPAVAV ENERGY PRIVATE LIMITED	Director	19-06-07	19-06-07	-	Active	NO
18	U51395MH2003PLC143371	NEXT RETAIL INDIA LIMITED	Director	26-09-08	09-12-07	-	Active	NO
19	U40300MH2010PTC201493	CHHATTISGARH POWER VENTURES PRIVATE LIMITED	Additional director	14-05-10	14-05-10	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Martin Michelle
Designation :	Secretary
Address :	17, Jai Vishwa India
Date of Birth/Age :	19.07.1988
Date of Appointment :	06.09.2010

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2010

Names of Shareholders	No. of Shares
Platinum Appliances Private Limited (Formerly: Dhoot Brothers Investment Company Private Limited), India	36000
Synergy Appliances Private Limited (Formerly: R. N. Dhoot Investment Company Private Limited), India	36000
Dome-bell Electronics India Private Limited, India	15036000
Videocon Industries Limited, A India	21036000
Greenfield Appliances Private Limited (Formerly: Keshar Dhoot Investment Company Private Limited), India	36000
Shree Dhoot Trading and Agencies Limited, India	15010000
Solitaire Appliances Private Limited (Formerly: V. N. Dhoot Investment Company Private Limited), India	10000
Force Appliances Private Limited (Formerly:Videocon Exports Private Limited), India	15000000
Applicomp (India) Limited, India	15000000
Electroparts (India) Private Limited, India	10000000
TekCare India Private Limited (Formerly: Macotax Consultants Private Limited), India	5000000
Waluj Components Private Limited, India	5000000
Anirudha V. Dhoot	2000000
Saurabh P. Dhoot	2000000
Venugopal N. Dhoot	2000000
PradipkumarN. Dhoot	2000000
Rajkumar N. Dhoot	2000000
Total	111200000

As on 30.09.2010

Category	Percentage
Bodies Corporate (not mentioned above)	91.00
Directors or relatives of directors	9.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Distributors of Electronics and Electrical Appliances
Products :	· Electronics · Home Appliances

GENERAL INFORMATION

No. of Employees :

1200 [Approximately]

Bankers :

· IDBI Bank, IDBI Tower WTC Complex, Cuffe Parade, Mumbai – 400005, Maharashtra, India.

· ICICI Bank, Bandra Kurla Complex, India

Facilities :

Secured Loan [Rs. in Million]	31.03.2010	31.03.2009
Working Capital Loans from Banks and financial Institute	2348.852	2299.830
Vehicle Loans From Banks	0.215	0.816
Total	2349.067	2300.646
Unsecured Loan [Rs. in Million]	31.03.2010	31.03.2009
From Banks - Rupee Loan	999.990	997.851
Total	999.990	997.851
NOTE: Working capital Loans from Banks and Financial Institution are secured by hypothecation of stocks of packing materials, finished Goods, Stores, Book Debts and all other current assets of the company, including stock-in-transit, on pari passu basis. These are further secured by secured by second change over the fixed assets of the company ranking pari passu.

Auditors :
Name :	KSS and Company Chartered Accountant
Address :	3801, Barde Lane, Navi Peth, Ahmedabad – 414001, Maharashtra, India
Financial Institute :	· IDBI Trusteeship Services Limited Asian Building, Ground Floor, 17 R Kamani Marg, Ballard Estate, Mumbai – 400001, Maharashtra, India
Associates/Subsidiaries :	· Sidharth Assets and Services Private Limited (U74920MH2006PTC161438) · Videocon Appliances Limited, PLUG In, Pune (U99999MH1988PTC046445) · Planet ‘M’ Retail Limited (U70102MH2007PLC167606)

CAPITAL STRUCTURE

As on 31.03.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
125000000	Equity Shares	Rs.10/- each	Rs.1250.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
111200000	Equity Shares	Rs.10/- each	Rs.1112.000 Millions

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		1112.000	1002.000	1002.000
2] Share Application Money		0.000	1000.000	1000.000
3] Reserves & Surplus		477.084	13.874	12.218
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		1589.084	2015.874	2014.218
LOAN FUNDS
1] Secured Loans		2349.067	2300.646	2053.927
2] Unsecured Loans		999.990	997.851	0.000
TOTAL BORROWING		3349.057	3298.497	2053.927
DEFERRED TAX LIABILITIES		9.652	12.718	0.000
TOTAL		4947.793	5327.089	4068.145
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		388.056	328.793	169.198
Capital work-in-progress		82.342	77.284	75.042
INVESTMENT		11.000	11.000	10.000
DEFERREX TAX ASSETS		0.000	0.000	1.524
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	3290.583	2969.982	2092.614
	Sundry Debtors	1137.888	901.904	819.831
	Cash & Bank Balances	180.266	266.953	77.906
	Other Current Assets	130.430	159.175	356.919
	Loans & Advances	858.790	1998.882	1248.453
Total Current Assets		5597.957	6296.896	4595.723
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	849.408	1238.906	449.699
	Current Liabilities	277.251	144.668	331.330
	Provisions	4.903	3.310	2.313
Total Current Liabilities		1131.562	1386.884	783.342
Net Current Assets		4466.395	4910.012	3812.381
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		4947.793	5327.089	4068.145

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008
	SALES
		Income	10925.823	8270.988	6644.430
		Other Income	14.267	157.959	64.080
		TOTAL	10940.090	8428.947	6708.510
Less	EXPENSES
		Cost of goods sold	9392.457	6965.676
		Salaries wages and employee’s benefits Expenses	280.864	284.168	6688.640
		Operating and other Expenses	855.146	878.651
		TOTAL	10528.467	8128.495	6688.640
Less	PROFIT/LOSS BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		411.623	300.452	NA
Less	FINANCIAL EXPENSES		350.572	248.998	NA
	PROFIT/LOSS BEFORE TAX, DEPRECIATION AND AMORTISATION		61.051	51.454	NA
Less/ Add	DEPRECIATION/ AMORTISATION		41.004	31.158	NA
	PROFIT / LOSS BEFORE TAX		20.047	20.296	19.870
Less	TAX		3.410	4.491	7.740
Add	DEFERRED TAX		3.067	[14.243]	0.000
	MAT CREDIT ENTITLEMENT		3.407	0.000	0.000
	PROFIT / LOSS AFTER TAX		23.111	1.562	12.130
Add	[Short] / Excess provision of income tax / fringe benefit tax for earlier years written back		0.099	0.094	NA
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		13.874	12.218	NA
	BALANCE CARRIED TO THE B/S		37.084	13.874	NA
	Earnings Per Share (Rs.)		0.22	0.02	0.12

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
PAT / Total Income	(%)	0.21	0.02	0.18
Net Profit Margin (PBT/Sales)	(%)	0.18	0.24	0.30
Return on Total Assets (PBT/Total Assets}	(%)	0.33	0.31	0.42
Return on Investment (ROI) (PBT/Networth)		0.01	0.01	0.01
Debt Equity Ratio (Total Liability/Networth)		2.82	2.32	1.41
Current Ratio (Current Asset/Current Liability)		4.95	4.54	5.87

LOCAL AGENCY FURTHER INFORMATION

FINANCIAL RESULTS AND OPERATIONS:

During the year, the Company has earned a total income of Rs.10940.090 Millions as against Rs.8428.947 Millions for the previous year representing an increase of 29.80% as compared to the previous year. Total Expenditure amounted to Rs.10920.040 Millions as against Rs.8408.650 Million representing an increase of 25.74 % as compared to the previous year and the Profit after Tax amounted to Rs.23.110 Millions as against Rs.1.560 Millions for the previous year representing a rise of 1,381.41% as compared to the previous year.

The Company shall strive to continue the business growth in the coming year(s) and enhance the profitability of the Company.

During the year, the Company has made a steady growth in the field of trading of Electrical and Electronic Appliances and the number of retail outlets of the Company throughout India increased from 376 to 525.

The Board of Directors are further taking steps towards making strategic growth in this field and are exploring new avenues for creating a strong foothold of the Company.

Bankers Charges Report as per Registry

Corporate identity number of the company	U51395MH2003PLC143371
Name of the company	NEXT RETAIL INDIA LIMITED
Address of the registered office or of the principal place of business in India of the company	Auto Cars Compoundadalat Road, Aurangabad – 421005, Maharashtra, India
This form is for	Modification of Charge
Charge identification (ID) number of the charge to be modified	10089876
Type of charge	Book Debts Movable Property
Particular of charge holder	IDBI Bank, IDBI Tower WTC Complex, Cuffe Parade, Mumbai – 400005, Maharashtra, India.
Nature of instrument creating charge	Second Supplemental Joint Deed of Hypothecation dated 8th January, 2011 between the Company and IDBI Bank Limited, as Lead Bank and other Consortium Banks and Financial Institution.
Date of instrument Creating the charge	08.01.2011
Amount secured by the charge	Rs.4600.500 millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest - As agreed to between the Company and IDBI Bank Limited Consortium member banks, from time to time. Terms of Repayment - As agreed to between the Company and IDBI Bank Limited Consortium member banks, from time to time. Margin - As agreed to between the Company and IDBI Bank Limited Consortium member banks, from time to time. Extent and Operation of the charge - The Charge shall operate in favour of IDBI Bank Limited Consortium member banks, for enhanced/renewed/reduced facility limit granted vide Second Working Capital Consortium Agreement dated 08.01.2011, together with interest, further interest, additional interest, liquidated damages, expenses, cost and other monies whatsoever stipulated, jointly and to each of them severally, as a continuing security by way of first charge for due repayment on demand to IDBI Bank Consortium member banks. Others - As agreed to between the Company and IDBI Bank Limited Consortium member banks, from time to time.
Short particulars of the property or asset(s) charged (including complete address and location of the property)	All and singular the Company’s stocks of packing material, finished goods, stores, book-debts and all other current assets, including stock in transit, both present and future, (excluding time) but including documents of title to goods and other assets, such as outstanding monies, receivables including receivables by way of cash, other scheme, claims including claims by way of refund of customs / excise invoices, documents, contracts, engagements, securities, investments and rights, both present and future, of the Company being and lying in the cases or otherwise used in the business of the Company at such premises or in transit now belonging to or that may at any time, during the continuance of the facilities and this security belong to the Borrower or that may be held by any party to the order or disposition of the Company, on the terms and conditions contained in the Deed of Hypothecation dated 8th January, 2011 shall stand charged in favour of the Working Capital Lenders as a continued security by way of first charge.
Date of instrument modifying the charge	17.04.2010
Particulars of the present modification	By the present modification of charge, the working capital limits has been enhanced from Rs. 2975.000 milliones to Rs. 4600.500 millions. The assets hypothecated in the favour of bank vide Deed of Hypothecation dated 04.01.2008, subsequently modified on 17.04.2010, shall stand charged in favour of the Working capital lenders as continued security for the enhanced/ renewed/ reduced facilities granted vide Second Supplemental Working Capital Consortium agreement dated 08.01.2011.

Corporate identity number (CIN) Foreign company registration number	U51395MH2003PLC143371
Name of the Company	Next Retail India Limited
Address	Auto Cars Compound, Adalat Road, Aurangabad – 431005, Maharashtra, India
This form is for	Creation of Charge
Type of Charge	Immovable Property Book Debts Movable Property (Not being pledge)
Particulars of the charge holder	IDBI Trusteeship Services Limited Cuffe Parade, Mumbai – 400005, Maharashtra, India CIN : L65190MH2004GOI148838 Email : sn.baheti@idbi.co.in
Nature or description of the instrument(s) creating or modifying the charge	Deed of Hypothecation dated 25.01.2010 for secured working capital facilities of Rs.1600.000 Millions as sanctioned IDBI Bank Limited
Date of the instrument creating or modifying the charge	25.01.2010
Amount secured by the charge	Rs.1600.000 Millions
Brief particulars of the principal terms and conditions and extent and operation of the charge	Rate of Interests: As per the Sanctioned Letter Terms of Repayment: As per the Sanctioned Letter Margin: As per the Sanctioned Letter Extent and operation of the Charge: The charge shall operate as security for due repayment by the Company to IDBI Bank Limited (IDBI) of its Rupee Term Loan of 1600.000 Millions together with interest, liquidated damages, costs, charges, expenses and all other monies payable by the Company to IDBI in terms of Hypothecation Agreement dated 25.01.2010 entered into by the Company with IDBI.
Short particulars of the property charged (including location of the property)	First charge by way of hypothecation and / or of Borrower's current assets, namely, stocks of raw material, semi-finished and finished goods, stores and spares not relating to plant and machinery (consumable stores and spares), bills receivable and book debts and all movable current assets excluding machineries of the Borrower, both present and future excluding such movables as may be permitted by the Bank from time to time. Second mortgage and charge in favour of the Bank ranking after the charge created and or to be created in favour of the term lenders on the immovable and movable properties (other than current assets) both, present and future, in the form and manner acceptable to the Bank.

FIXED ASSETS:

· Building

· Electrical Installation

· Computers

· Furniture and Fixture

· Office Equipment

· Vehicles

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.50.25
UK Pound	1	Rs.79.76
Euro	1	Rs.66.52

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	2
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--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		32

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.