MIRA INFORM REPORT

Report Date :

29.05.2012

IDENTIFICATION DETAILS

Name :	AUTOMOBILI ITALIA PRIVATE LIMITED [w.e.f. 22.11.2010]

Formerly Known As :	SELECT MOTORS PRIVATE LIMITED

Registered Office :	401-C, Poonam Chambers, Dr. Annie Besant Road, Worli, Mumbai-400018, Maharashtra

Country :	India

Date of Incorporation :	22.06.2010

Com. Reg. No.:	11-204613

Capital Investment / Paid-up Capital :	Rs.0.100 Million

CIN No.: [Company Identification No.]	U50403MH2010PTC204613

TAN No.: [Tax Deduction & Collection Account No.]	MUMA38732B

PAN No.: [Permanent Account No.]	AAOCS4383D

Legal Form :	Private Limited Liability Company

Line of Business :	Not Available

No. of Employees :	Information denied by the management.

RATING & COMMENTS

MIRA’s Rating :

Ca (12)

RATING

STATUS

PROPOSED CREDIT LINE

11-25

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

Limited with full security

Status :	Moderate

Payment Behaviour :	Unknown

Litigation :	Clear

Comments :	Subject is a relatively new company having moderate track. the management has not filed the financial of the company with the government department since its inception. Mr. Sameek from finance department denied to disclose any information about the company. Payments are unknown. The company can be considered for business dealings on a safe and secured 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

INFORMATION DECLINED BY

Name :	Mr. Sameek
Designation :	Finance Department
Contact No.:	91-22-67450000
Date :	28.05.2012

LOCATIONS

Registered Office :	401-C, Poonam Chambers, Dr. Annie Besant Road, Worli, Mumbai-400018, Maharashtra, India
Tel. No.:	91-22-67450000
Fax No.:	91-22-67450000
E-Mail :	ashish.chordia@shreyans.in

DIRECTORS

Name :

Ujwal Kumari Chordia

Designation :

Director

Address :

B/406, Shripal Nagar, 12, Harkness Road, Mumbai-400006, Maharashtra, India

Date of Birth/Age :

01.02.1959

Date of Appointment :

22.06.2010

Din No.:

01651528

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	U70101PN1997PTC108996	SAROVAR PROPERTIES PRIVATE LIMITED	Director	12-01-04	12-01-04	15-12-10	Active	NO
2	U55101PN1982PTC026283	KASTURI HOTELS PRIVATE LIMITED	Director	30-01-04	30-01-04	15-12-10	Active	NO
3	U70101MH1994PTC082293	HAVELI ESTATES PRIVATE LIMITED	Director	04-02-04	04-02-04	15-12-10	Active	NO
4	U55101PN2000PTC015614	RIVERSIDE RESORTS PRIVATE LIMITED	Director	04-02-04	04-02-04	-	Active	NO
5	U55101PN2000PTC015056	PLEASURE RESORTS PRIVATE LIMITED	Director	04-03-04	04-03-04	-	Active	NO
6	U50101PN1997PTC105352	SHREYANS RETAIL PRIVATE LIMITED	Director	05-01-05	05-01-05	-	Amalgamated	NO
7	U34300MH2006PTC165488	EXCLUSIVE CARS PRIVATE LIMITED	Director	10-11-06	10-11-06	-	Active	NO
8	U74110MH2007PTC169335	PRECISION CARS INDIA PRIVATE LIMITED	Director	29-03-07	29-03-07	-	Active	NO
9	U34103MH2007PTC174465	PRECISION MOTOR INDIA PRIVATE LIMITED	Director	25-09-07	25-09-07	-	Active	NO
10	U45400DL2007PTC168763	ART MARINE PRIVATE LIMITED	Director	27-09-07	27-09-07	-	Active	NO
11	U34103MH2007PTC174609	SHREYANS AUTOMOBILES PRIVATE LIMITED	Director	28-09-07	28-09-07	-	Active	NO
12	U67190MH2007PTC177177	SHREYANS ADVISORY PRIVATE LIMITED	Director	31-12-07	31-12-07	-	Active	NO
13	U34103MH2008PTC177649	SHREYANS MOTORS PRIVATE LIMITED	Director	10-01-08	10-01-08	-	Active	NO
14	U51900MH2008PTC184088	ABHIMAN LIFESTYLE PRIVATE LIMITED	Director	27-06-08	27-06-08	-	Active	NO
15	U70102MH2008PTC184087	ABHIMAN REAL ESTATE PRIVATE LIMITED.	Director	27-06-08	27-06-08	-	Active	NO
16	U27300MH2008PTC184643	ABHIMAN METALS PRIVATE LIMITED	Director	14-07-08	14-07-08	-	Active	NO
17	U24246MH2003PTC141284	SHREYANS LIFESTYLE PRIVATE LIMITED	Director	03-09-08	03-09-08	-	Active	NO
18	U40101MH2009PTC195746	ABHIMAN HYDRO PRIVATE LIMITED	Director	14-09-09	14-09-09	-	Active	NO
19	U11200MH2009PTC195745	ABHIMAN BIOFUELS PRIVATE LIMITED	Director	14-09-09	14-09-09	-	Active	NO
20	U90002MH2009PTC195744	ABHIMAN WASTE MANAGEMENT PRIVATE LIMITED	Director	14-09-09	14-09-09	-	Active	NO
21	U51109MH2009PTC195743	ABHIMAN INTERNATIONAL PRIVATE LIMITED	Director	14-09-09	14-09-09	-	Active	NO
22	U50403MH2010PTC204613	AUTOMOBILI ITALIA PRIVATE LIMITED	Director	22-06-10	22-06-10	-	Active	NO
23	U29253DL2010PTC207777	AUTO UNION INTERNATIONAL PRIVATE LIMITED	Director	01-09-10	01-09-10	-	Active	NO

Name :

Mr. Ashish Kumar Chordia

Designation :

Director

Address :

22, Ferozshah Road, # 302, New Delhi-110001, India

Date of Birth/Age :

10.05.1979

Date of Appointment :

22.06.2010

Din No.:

01678326

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	U63022PN1984PTC031844	DYNAMIC LOGISTICS PRIVATE LIMITED	Director	23-06-03	23-06-03	15-12-10	Active	NO
2	U24246MH2003PTC141284	SHREYANS LIFESTYLE PRIVATE LIMITED	Director	11-07-03	11-07-03	-	Active	NO
3	U55101PN1982PTC026283	KASTURI HOTELS PVT LTD	Director	12-09-03	12-09-03	15-12-10	Active	NO
4	U70101PN1997PTC108996	SAROVAR PROPERTIES PRIVATE LIMITED	Director	12-01-04	12-01-04	15-12-10	Active	NO
5	U70101MH1994PTC082293	HAVELI ESTATES PRIVATE LIMITED	Director	04-02-04	04-02-04	15-12-10	Active	NO
6	U55101PN2000PTC015614	RIVERSIDE RESORTS PRIVATE LIMITED	Director	04-02-04	04-02-04	-	Active	NO
7	U55101PN2000PTC015056	PLEASURE RESORTS PRIVATE LIMITED	Director	04-03-04	04-03-04	-	Active	NO
8	U50101PN1997PTC105352	SHREYANS RETAIL PRIVATE LIMITED	Director	05-01-05	05-01-05	-	Amalgamated	NO
9	U52322MH2006PTC159802	FUN FASHION INDIA PRIVATE LIMITED	Director	16-02-06	16-02-06	-	Active	NO
10	U74110MH2007PTC169335	PRECISION CARS INDIA PRIVATE LIMITED	Director	29-03-07	29-03-07	-	Active	NO
11	U34103MH2007PTC174465	PRECISION MOTOR INDIA PRIVATE LIMITED	Director	25-09-07	25-09-07	-	Active	NO
12	U45400DL2007PTC168763	ART MARINE PRIVATE LIMITED	Director	27-09-07	27-09-07	-	Active	NO
13	U34103MH2007PTC174609	SHREYANS AUTOMOBILES PRIVATE LIMITED	Director	28-09-07	28-09-07	-	Active	NO
14	U67190MH2007PTC177177	SHREYANS ADVISORY PRIVATE LIMITED	Director	31-12-07	31-12-07	-	Active	NO
15	U34103MH2008PTC177649	SHREYANS MOTORS PRIVATE LIMITED	Director	10-01-08	10-01-08	-	Active	NO
16	U74140KA2009PTC050853	LUXURY HUES CONSULTANCY SERVICES (INDIA) PRIVATE LIMITED	Director	04-09-09	04-09-09	-	Active	NO
17	U50403MH2010PTC204613	AUTOMOBILI ITALIA PRIVATE LIMITED	Director	22-06-10	22-06-10	-	Active	NO
18	U29253DL2010PTC207777	AUTO UNION INTERNATIONAL PRIVATE LIMITED	Director	01-09-10	01-09-10	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Sameek
Designation :	Finance Department

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

Names of Shareholders		No. of Shares
Ashish Kumar Chordia		5000
Ujwal Kumari Chordia		5000

Total		10000

BUSINESS DETAILS

Line of Business :

Not Available

GENERAL INFORMATION

No. of Employees :	Information denied by the management.

Bankers :	Not Available


Banking Relations :	--

Auditors :	Not Available

CAPITAL STRUCTURE

Authorised Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Rs.10/- each	Rs.0.100 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Rs.10/- each	Rs.0.100 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

NOT DIVULGED

LOCAL AGENCY FURTHER INFORMATION

Check List by Info Agents	Available in Report (Yes / No)
1) Year of Establishment	Yes
2) Locality of the firm	Yes
3) Constitutions of the firm	Yes
4) Premises details	No
5) Type of Business	Yes
6) Line of Business	Yes
7) Promoter’s background	Yes
8) No. of employees	No
9) Name of person contacted	Yes
10) Designation of contact person	Yes
11) Turnover of firm for last three years	No
12) Profitability for last three years	No
13) Reasons for variation <> 20%	--
14) Estimation for coming financial year	No
15) Capital in the business	No
16) Details of sister concerns	No
17) Major suppliers	No
18) Major customers	No
19) Payments terms	No
20) Export / Import details (if applicable)	No
21) Market information	--
22) Litigations that the firm / promoter involved in	--
23) Banking Details	No
24) Banking facility details	No
25) Conduct of the banking account	--
26) Buyer visit details	--
27) Financials, if provided	No
28) Incorporation details, if applicable	Yes
29) Last accounts filed at ROC	Yes
30) Major Shareholders, if available	Yes

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No records exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

6] Records on Int’l Anti-Money Laundering Laws/Standards :

Charges or investigation registered against subject: None

7] Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

8] Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

9] Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

CONTRAVENTION

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.55.58
UK Pound	1	Rs.87.14
Euro	1	Rs.69.73

INFORMATION DETAILS

Report Prepared by :

TPT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
PAID-UP CAPITAL	1~10	2
OPERATING SCALE	1~10	2
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	1
--PROFITABILIRY	1~10	1
--LIQUIDITY	1~10	1
--LEVERAGE	1~10	1
--RESERVES	1~10	1
--CREDIT LINES	1~10	1
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	NO
--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		12

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

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