1. Summary Information

		Country	India
Company Name	SREE BEHARIJI MILLS PRIVATE LIMITED	Principal Name 1	Mr. Hira Lall Sah
Status	Moderate	Principal Name 2	Mr. Om Prakash Sah
		Registration #	03-002905
Street Address	Jairam Dass Sah Road, Malsalami, Patna City, Patna – 800008, Bihar, India
Established Date	26.10.1940	SIC Code	--
Telephone#	0612-2641818	Business Style 1	Trader
Fax #	Not Available	Business Style 2	-
Homepage	--	Product Name 1	Electronic Goods
# of employees	Not Available	Product Name 2	-
Paid up capital	Rs.2,398,200/-	Product Name 3	-
Shareholders	Directors or Relatives of Directors- 99% Other top 50 Share Holders- 1%	Banking	HDFC Bank Limited Bank of India
Public Limited Corp.	NO	Business Period	71 Years
IPO	NO	International Ins.	-
Public Enterprise	NO	Rating	B(29)
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	69,877,000	Current Liabilities	18,229,000
Inventories	45,618,000	Long-term Liabilities	76,950,000
Fixed Assets	1,124,000	Other Liabilities	1,832,000
Deferred Assets	60,000	Total Liabilities	97,011,000
Invest& other Assets	5,000	Retained Earnings	17,275,000
		Net Worth	19,673,000
Total Assets	116,684,000	Total Liab. & Equity	116,684,000
Total Assets (Previous Year)	40,274,000
P/L Statement as of	31.03.2011		(Unit: Indian Rs.)
Total Income	1,014,688,000	Net Profit	1,777,000
Total Income(Previous yr)	474,561,000	Net Profit(Prev.yr)	607,000

MIRA INFORM REPORT

Report Date :

31.03.2012

IDENTIFICATION DETAILS

Name :	SREE BEHARIJI MILLS PRIVATE LIMITED (w.e.f. 04.04.2011)
Formerly Known As :	SREE BEHARIJI MILLS LIMITED
Registered Office :	Jairam Dass Sah Road, Malsalami, Patna City, Patna– 800008, Bihar
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	26.10.1940
Com. Reg. No.:	03-002905
Capital Investment/ Paid-up Capital:	Rs.2.398 millions
CIN No.: [Company Identification No.]	U15310BR1940PTC002905
TAN No.: [Tax Deduction & Collection Account No.]	PTNS00549D
PAN No.: [Permanent Account No.]	AAFCS2108F
Legal Form :	Private Limited Liability Company
Line of Business :	Trading of Electronics Goods
No. of Employees:	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (29)

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

Maximum Credit Limit :	USD 79000
Status :	Moderate
Payment Behaviour :	Slow but Correct
Litigation :	Clear
Comments :	Subject is an established company 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 small 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 :	Jairam Dass Sah Road, Malsalmi, Patna city, Patna– 800008, Bihar, India
Tel. No.:	91-612-2641818
Fax No.:	Not Available
E-Mail :	ramanprakash@rediffmail.com

DIRECTORS

As on 30.09.2011

Name :

Mr. Vivek Sah

Designation :

Whole Time Director

Address :

Sree Behariji Mills, Malsalami, Patna City, Patna-800008, Bihar, India

Date of Birth/Age :

29.08.1978

Date of Appointment :

15.03.2008

DIN No :

00405787

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	U15300BR2002PTC009844	BANKE BEHARI FOODS PRIVATE LIMITED	Director	11-06-02	11-06-02	-	Active	NO
2	U15310BR1940PTC002905	SREE BEHARIJI MILLS PRIVATE LIMITED	Whole-time director	01-09-08	15-03-08	-	Active	NO

Name :

Mr. Hira Lall Sah

Designation :

Chairman-cum-Managing Director

Address :

Sree Behariji Mills, Malsalami, Patna City, Patna-800008, Bihar, India

Date of Birth/Age :

18.02.1934

Date of Appointment :

01.06.1993

DIN No :

00434375

Name :

Mr. Om Prakash Sah

Designation :

Managing Director

Address :

Sree Behariji Mills, Malsalami, Patna City, Patna-800008, Bihar, India

Date of Birth/Age :

17.06.1952

Date of Appointment :

01.06.1993

DIN No :

00434434

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	U15310BR1940PTC002905	SREE BEHARIJI MILLS PRIVATE LIMITED	Whole-time director	01-09-08	01-06-93	-	Active	NO
2	U00211BR1999PTC008811	LV COMMERCIAL PRIVATE LIMITED	Director	23-04-99	23-04-99	-	Active	NO
3	U91110BR1926NPL000023	BIHAR CHAMBER OF COMMERCE	Director	28-12-10	28-12-10	-	Active	NO

Name :

Mr. Raman Prakash Sah

Designation :

Whole-Time Director

Address :

Sree Behariji Mills, Malsalami, Patna City, Patna-800008, Bihar, India

Date of Birth/Age :

13.01.1954

Date of Appointment :

01.06.1993

DIN No :

00434553

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	U15310BR1940PTC002905	SREE BEHARIJI MILLS PRIVATE LIMITED	Whole-time director	01-09-08	01-06-93	-	Active	NO
2	U00211BR1999PTC008811	LV COMMERCIAL PRIVATE LIMITED	Director	23-04-99	23-04-99	-	Active	NO
3	U24240BR2007PTC013329	LAXMIVINAYAK VENTURES PRIVATE LIMITED	Director	18-12-07	18-12-07	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

(AS ON ) 30.09.2011

Names of Shareholders	No. of Shares
Bajrang Lal Bidasaria	10
Bedami Devi Bidasaria	20
Tulsi Bal	10
Arun Dhandhania	290
Raman Kumar Sah	300
Padam Kumar Sah	100
Pawan Kumar Sah	229
Jiwan Kumar Sah	225
Om Prakash Sah	296
Raman Prakask Sah	323
Urmila Sah	929
Usha Sah	3647
Bharat Prakash Sah	2168
Uma Devi Sah	90
Maya Devi Sah	165
Prema Devi Sah	164
Sushil Kumar Kyal	3
Badri Presad Kyal	10
Raman Kumar Sah & Uma Devi Sah	200
Pawan Kumar Sah & Prema Devi Sah	200

(AS ON ) 30.09.2011

Category	Percentage
Directors or relatives of directors	99.00
Other top fifty shareholders	01.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Trading of Electronics Goods

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

• HDFC Bank Limited, Patna City
• Bank of India, Patna city, Patna, Bihar-800008, India

Facilities :

Secured Loan	As on 31.03.2011 (Rs In Millions)	As on 31.03.2010 (Rs in Millions)
From HDFC Bank Limited , Patna City In Cash Credit Account	41.502	0.000
From Bank Of India , Patna City In Cash Credit Account	0.000	4.869
Total Note: Secured against Hypothecation of Stock and Book debts of the Company and Collateral secured by equitable mortgage of landed property situated at Patna City and Guaranted by four Directors of the Company.	41.502	4.869
Unsecured Loan	As on 31.03.2011 (Rs In Millions)	As on 31.03.2010 (Rs in Millions)
From Directors	21.697	9.740
From Bodies Carporates	13.750	11.000
Total	35.447	20.740

Banking Relations :	--
Auditors :
Name :	P. Agrawal and Company Chartered Accountants
Address :	CH-1, Road No.-26, Patna, Bihar-800001, India
PAN NO :	AADFP3769N

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
10000	7.77% Cumulative Preference Share	Rs.100/- each	Rs.1.000 Millions
40000	Equity Share	Rs.100/- each	Rs.4.000 Millions
	Total		Rs.5.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
23982	Equity Share	Rs.100/- each	Rs.2.398 Millions

Note :

Out of above shares 12000 Ordinary Share were allotted as fully Paid-up pursuant to a contract without payment.

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		2.398	2.398	2.398
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		17.274	10.828	9.172
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		19.672	13.226	11.570
LOAN FUNDS
1] Secured Loans		41.503	4.870	0.000
2] Unsecured Loans		35.447	20.740	2.500
TOTAL BORROWING		76.950	25.610	2.500
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		96.622	38.836	14.070
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1.124	0.930	0.490
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.005	0.005	0.005
DEFERREX TAX ASSETS		0.060	0.058	0.048
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	45.618	11.558	6.704
	Sundry Debtors	60.757	18.245	7.140
	Cash & Bank Balances	4.918	3.313	1.812
	Other Current Assets	0.210	0.000	0.000
	Loans & Advances	3.992	6.165	1.428
Total Current Assets		115.495	39.281	17.084
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	17.803	0.060	2.997
	Other Current Liabilities	0.426	0.343	0.142
	Provisions	1.832	1.035	0.418
Total Current Liabilities		20.062	1.438	3.557
Net Current Assets		95.433	37.843	13.527
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		96.622	38.836	14.070

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income		472.487	58.305
		Other Income		2.074	0.817
		TOTAL (A)	1041.688	474.561	59.122
Less	EXPENSES
		Expenses on Employees		4.905	1.349
		Cost of Good Sold		463.723	54.875
		Other Expenses		2.679	1.866
		TOTAL (B)	1039.117 (Including depreciation and financial charges)	471.307	58.090
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)			3.254	1.032
Less	FINANCIAL EXPENSES (D)			1.065	0.115
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)			2.189	0.917
Less/ Add	DEPRECIATION/ AMORTISATION (F)			0.227	0.096
	PROFIT BEFORE TAX (E-F) (G)		2.571	1.962	0.821
Less	TAX (H)		0.794	0.607	0.156
	PROFIT AFTER TAX (G-H) (I)		1.777	1.355	0.665
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		1.990	0.635	(0.030)
	BALANCE CARRIED TO THE B/S		3.767	1.990	0.635
	Earnings Per Share (Rs.)		74.08	56.53	--

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	0.17	0.29	1.12
Net Profit Margin (PBT/Sales)	(%)	NA	0.42	1.41
Return on Total Assets (PBT/Total Assets}	(%)	2.20	4.87	4.67
Return on Investment (ROI) (PBT/Networth)		0.13	0.15	0.07
Debt Equity Ratio (Total Liability/Networth)		4.93	2.05	1.39
Current Ratio (Current Asset/Current Liability)		5.76	27.32	4.80

LOCAL AGENCY FURTHER INFORMATION

Financial Results:

The working of the Company for the year shows a net Profit of Rs.2.571 Millions after providing Depreciation amounting to Rs.0.302 Million and net Profit after current Income Tax Rs.0.797 Million Deferred Tax Rs.(0.003) Million comes to Rs.1.777 Millions

During the year the Company has carried on trading activities of Electronic goods and getting adequate response from the market. The working of the Company during the year was satisfactory and your directors expecting better response in the coming year.

The Status of the company has been charged from Limited Company to Private Company w.e.f. 04.04.2011 under section 31(1) of the Companies Act, 1956 after approval of Central Government.

Contingent Liabilities:

Particulars	As on 31.03.2011 (Rs In Millions)	As on 31.03.2010 (Rs In Millions)
Contingent Liabilities not Provided in respect of :-
Partly paid ordinary Shares	0.001	0.001
Claims against the company not acknowledges as debts	0.312	0.312
Contested demand of Dy. Commissioner Commercial taxes, Patna City in respect of additional tax of the year 1984-85/85-86 was subjudiced and stayed by honorable High Court, Patna, adjustment pending till court order.	1.082	1.082

Fixed Assets :

• Land
• Building (Including Houses)
• Furniture And Fittings
• Other fixed Assets
• Vehicles
• Generator
• Computer

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.51.15
UK Pound	1	Rs.81.41
Euro	1	Rs.68.22

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	4
--CREDIT LINES	1~10	2
--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		29

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.