BUSINESS INFORMATION REPORT

1. Summary Information

		Country	INDIA
Company Name	GURU AMARDASS INTERNATIONAL PRIVATE LIMITED	Principal Name 1	MR. SUMANJEET SINGH ANAND
Status	GOOD	Principal Name 2	BHUPINDER ANAND
		Registration #	55-010980
Street Address	PROMOTER, J - 126, NEW DELHI – 110 027
Established Date	24.10.1980	SIC Code	--
Telephone#	NOT AVAILABLE	Business Style 1	MANUFACTURER
Fax #	NOT AVAILABLE	Business Style 2	EXPORTER
Homepage	NOT AVAILABLE	Product Name 1	COLOR DEFLECTION YOKE
# of employees	APPROXIMATELY 20 + JOB WORKERS	Product Name 2	DEGAUSSING COILS
Paid up capital	RS.202,000/-	Product Name 3	TRANSFORMERS
Shareholders	DIRECTORS OR RELATIVES OF DIRECTORS – 100%	Banking	UNION BANK OF INDIA
Public Limited Corp.	NO	Business Period	31 YEARS
IPO	NO	International Ins.	--
Public Enterprise	NO	Rating	Ba (53)
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	72,152,000	Current Liabilities	99,113,000
Inventories	33,281,000	Long-term Liabilities	3,459,000
Fixed Assets	83,034,000	Other Liabilities	982,000
Deferred Assets	0,000	Total Liabilities	103,554,000
Invest& other Assets	2,169,000	Retained Earnings	86,880,000
		Net Worth	87,082,000
Total Assets	190,636,000	Total Liab. & Equity	190,636,000
Total Assets (Previous Year)	176,916,000
P/L Statement as of	31.03.2011		(Unit: Indian Rs.)
Total Income	314,654,000	Net Profit	13,334,000
Total Income (Previous year)	367,778,000	Net Profit (Previous year)	14,715,000

MIRA INFORM REPORT

Report Date :

26.03.2012

IDENTIFICATION DETAILS

Name :	GURU AMARDASS INTERNATIONAL PRIVATE LIMITED
Registered Office :	Promoter, J – 126, New Delhi – 110 027
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	24.10.1980
Com. Reg. No.:	55-010980
Capital Investment / Paid-up Capital :	Rs.0.202 million
CIN No.: [Company Identification No.]	U51109DL1980PTC010980
IEC No.:	0591043882
TIN No.:	07670074842
PAN No.: [Permanent Account No.]	AAACO2644R
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer, Importer and Exporter of Color Deflection Yoke, Degaussing Coils, Transformers etc.
No. of Employees :	Approximately 20 + Job Workers

RATING & COMMENTS

MIRA’s Rating :

Ba (53)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 348000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is an established company having fine track. Financial position of the company appears to be sound. Trade relations are reported as fair. Business is active. Payments are reported to be regular and as per commitments. The company can be considered good for normal 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	A1	A1

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

LOCATIONS

Registered Office :	Promoter, J – 126, New Delhi – 110 027, India
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	info_infotech@yahoo.co.in
Factory 1 :	C – 144, Phase – 1, Naraina Industrial Area, New Delhi – 110 028, India
Tel. No.:	91-11-51495136/ 25792455/ 25798192/ 41495136
Fax No.:	91-11-25897630
E-Mail :	banianand@hotmail.com
Location :	Owned
Factory 2 :	B – 97/1, Phase – 1, Naraina Industrial Area, New Delhi – 110 028, India
Tel. No.:	91-11-51495353
Fax No.:	91-11-25897630
Location :	Owned

DIRECTORS

As on 30.09.2011

Name :

Mr. Sumanjeet Singh Anand

Designation :

Director

Address :

B – 197, Naraina Vihar, New Delhi – 110 028, India

Date of Birth/Age :

16.09.1965

Date of Appointment :

15.02.1984

DIN No.:

03205671

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	U51109DL1980PTC010980	Guru Amardass International Private Limited	Director	15-02-84	15-02-84	Active	NO
2	U51909DL1981PTC011624	G.G.S. Exports Private Limited	Director	23-02-94	23-02-94	Active	NO
3	U45204DL2011PTC220965	MS Realtech Private Limited	Director	15-06-11	15-06-11	Active	NO

Name :

Bhupinder Anand

Designation :

Director

Address :

B – 197, Naraina Vihar, New Delhi – 110 028, India

Date of Birth/Age :

18.10.1940

Date of Appointment :

24.02.1994

DIN No.:

03205775

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2011

Names of Shareholders	No. of Shares
Sumanjeet Singh Anand	2010
Manpreet Anand	10
Total	2020

As on 30.09.2011

Equity Share Breakup	Percentage of Holding
Category
Directors or relatives of directors	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer, Importer and Exporter of Color Deflection Yoke, Degaussing Coils, Transformers etc.

GENERAL INFORMATION

No. of Employees :

Approximately 20 + Job Workers

Bankers :

v Union Bank of India

v HDFC Bank Limited

v BMC Bank Limited

v Axis Bank Limited, New Delhi, India

v Punjab National Bank, New Delhi, India

Facilities :

Secured Loans	31.03.2011 Rs. In Millions	31.03.2010 Rs. In Millions
HDFC Bank Limited Car Loan BMW	0.000	0.969
HDFC Bank Limited Car Loan Account Audi	3.400	0.000
Total	3.400	0.969

Unsecured Loans	31.03.2011 Rs. In Millions	31.03.2010 Rs. In Millions
Inder Singh Chadha	0.016	0.016
Monika Anand	0.019	0.019
M.S. Chadha	0.020	0.020
T.S. Anand	0.004	0.004
Total	0.059	0.059

Banking Relations :	--
Auditors :
Name :	G.S. Kohli and Company Chartered Accountants
Address :	A R A Centre, E-2, Jhandewalan Extension, Delhi – 110 055, India
Tel. No.:	91-11-23521330/ 23615648
Fax No.:	91-11-23615648
E-Mail :	gskohli_co@yahoo.co.in
Income-tax PAN of auditor or auditor's firm :	AARPM0074H

CAPITAL STRUCTURE

As on 30.09.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
200000	Equity Shares	Rs.100/- each	Rs.20.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
2020	Equity Shares	Rs.100/- each	Rs.0.202 million

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		0.202	0.202	0.202
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		86.880	73.545	58.964
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		87.082	73.747	59.166
LOAN FUNDS
1] Secured Loans		3.400	0.969	2.466
2] Unsecured Loans		0.059	0.059	0.059
TOTAL BORROWING		3.459	1.028	2.525
DEFERRED TAX LIABILITIES		0.982	1.055	2.436
TOTAL		91.523	75.830	64.127
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		83.034	70.361	65.078
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		2.169	1.683	0.887
DEFERRED TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	33.281	22.258	16.926
	Sundry Debtors	51.920	32.555	28.564
	Cash & Bank Balances	2.500	9.875	11.407
	Other Current Assets	7.856	6.849	7.073
	Loans & Advances	9.876	33.335	46.994
Total Current Assets		105.433	104.872	110.964
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	99.113	101.086	112.802
	Other Current Liabilities
	Provisions
Total Current Liabilities		99.113	101.086	112.802
Net Current Assets		6.320	3.786	(1.838)
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		91.523	75.830	64.127

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	314.654	367.778	348.315
		Other Income
		TOTAL	314.654	367.778	348.315
Less	EXPENSES
		Office Expenses	295.089	347.399	329.789
		Administrative Expenses
		Advertising Expenses
		TOTAL	295.089	347.399	329.789
	PROFIT BEFORE TAX		19.565	20.379	18.526
Less	TAX		6.231	5.664	6.933
	PROFIT AFTER TAX		13.334	14.715	11.593
	Earnings Per Share (Rs.)		6600.99	7284.65	5739.11

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	4.24	4.00	3.33
Return on Total Assets (PBT/Total Assets}	(%)	10.38	11.63	10.52
Return on Investment (ROI) (PBT/Networth)		0.22	0.28	0.31
Debt Equity Ratio (Total Liability/Networth)		1.18	1.38	1.95
Current Ratio (Current Asset/Current Liability)		1.06	1.04	0.98

LOCAL AGENCY FURTHER INFORMATION

WORKTNG RESULTS:

During the year, Company registered a total turnover of Rs.314.654 millions against the business of Rs.367.778 millions in the previous year. After meeting various office and Administrative Expenses Company earned a profit of Rs.19.565 millions against the previous year profit of Rs.20.379 millions. The Directors hope for good business in the next year.

FIXED ASSETS:

v Land

v Buildings

v Office Equipments

v Machinery

v Air Conditioner

v Car Santro

v Car-Opel Corsa

v Car Audi

v Car BMW

v Generator

v Fans

v Computers

v Car Honda Civic

v Car

v Scooter

v Tools

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.50.91
UK Pound	1	Rs.80.77
Euro	1	Rs.67.40

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	7
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	6
--RESERVES	1~10	7
--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		53

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.