MIRA INFORM REPORT

Report Date :

21.11.2012

IDENTIFICATION DETAILS

Name :	MY STYLE TOOLS EQUIPMENTS PRIVATE LIMITED
Registered Office :	555GA/50, Bara Birwa, Kanpur Road, Alambagh, Lucknow – 226 005, Uttar Pradesh
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	23.09.2009
Com. Reg. No.:	20-038288
Capital Investment / Paid-up Capital :	Rs.0.100 million
CIN No.: [Company Identification No.]	U29222UP2009PTC038288
TAN No.: [Tax Deduction & Collection Account No.]	LKNM06909A
PAN No.: [Permanent Account No.]	AAGCM2249C
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Industrial Equipment and Machines.
No. of Employees :	10 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ca (11)

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is an established company having moderate track. The company has recorded a minimal turnover and incurred huge accumulated losses in the year 2010-11. However, trade relations are reported as fair. Business is active. Payments are reported to be slow. The company can be considered for business dealing on a secured trade and condition.

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 – June 30, 2012

Country Name	Previous Rating (31.03.2012)	Current Rating (30.06.2012)
India	A1	A1

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

INDIAN ECONOMIC OVERVIEW

India is developing into an open-market economy, yet traces of its past autarkic policies remain. Economic liberalization, including industrial deregulation, privatization of state-owned enterprises, and reduced controls on foreign trade and investment, began in the early 1990s and has served to accelerate the country's growth, which has averaged more than 7% per year since 1997. India's diverse economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of services. Slightly more than half of the work force is in agriculture, but services are the major source of economic growth, accounting for more than half of India's output, with only one-third of its labor force. India has capitalized on its large educated English-speaking population to become a major exporter of information technology services and software workers. In 2010, the Indian economy rebounded robustly from the global financial crisis - in large part because of strong domestic demand - and growth exceeded 8% year-on-year in real terms. However, India's economic growth in 2011 slowed because of persistently high inflation and interest rates and little progress on economic reforms. High international crude prices have exacerbated the government's fuel subsidy expenditures contributing to a higher fiscal deficit, and a worsening current account deficit. Little economic reform took place in 2011 largely due to corruption scandals that have slowed legislative work. India's medium-term growth outlook is positive due to a young population and corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy. India has many long-term challenges that it has not yet fully addressed, including widespread poverty, inadequate physical and social infrastructure, limited non-agricultural employment opportunities, scarce access to quality basic and higher education, and accommodating rural-to-urban migration.

Source : CIA

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

INFORMATION PARTED BY

Name :	Mr. Shravan Kumar
Designation :	General Manger
Contact No.:	91-9795457007
Date :	20.11.2012

LOCATIONS

Registered Office	555GA/50, Bara Birwa, Kanpur Road, Alambagh, Lucknow – 226 005, Uttar Pradesh, India
Tel. No.:	91-522-4032777
Fax No.:	Not Available
E-Mail :	cfc.mca21@yahoo.in kapoormotors@sify.com shravan.vishnoi@yahoo.com
Area:	4000 Sq.ft
Location :	Owned
Factory:	555GA/50, Bara Birwa, Kanpur Road, Alambagh, Lucknow – 226 005, Uttar Pradesh, India
Area:	5000 Sq.ft
Location :	Rented

DIRECTORS

As on: 30.09.2011

Name :

Mr. Jitendra Rajendra Kapoor

Designation :

Managing Director

Address :

60/6, Old Labour Colony, Aishbagh, Lucknow – 226 004, Uttar Pradesh, India

Date of Birth/Age :

04.01.1969

Date of Appointment :

23.09.2009

DIN No.:

01304000

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	U34100UP2007PTC033076	K .M. Autocraft Private Limited	Director	16-04-07	29-03-07	15-04-10	Active	NO
2	U29222UP2009PTC038288	My Style Tools Equipments Private Limited	Managing director	23-09-09	23-09-09	-	Active	NO
3	U29253UP2010PTC041580	My Style Energy Solutions Private Limited	Managing director	04-08-10	04-08-10	-	Active	NO

Name :

Mr. Vineet Tilak Raj Kapoor

Designation :

Director

Address :

57/3, Old Labour Colony, Aishbagh, Lucknow – 226 004, Uttar Pradesh, India

Date of Birth/Age :

16.04.1967

Date of Appointment :

23.09.2009

DIN No.:

01399795

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	U34100UP2007PTC033076	K .M. Autocraft Private Limited	Director	29-03-07	29-03-07	15-04-10	Active	NO
2	U29222UP2009PTC038288	My Style Tools Equipments Private Limited	Director	23-09-09	23-09-09	-	Active	NO
3	U29253UP2010PTC041580	My Style Energy Solutions Private Limited	Director	04-08-10	04-08-10	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 30.09.2011

Names of Shareholders	No. of Shares
Jitendra Rajendra Kapoor	5100
Vineet Tilak Raj Kapoor	4900
Total	10000

List of Allotees (As on 11.02.2012)

Names of Shareholders	No. of Shares
Jitendra Rajendra Kapoor	20000
Vineet Tilak Raj Kapoor	20000
Total	40000

List of Allotees (As on 29.02.2012)

Names of Shareholders	No. of Shares
Jitendra Rajendra Kapoor	51400
Vineet Tilak Raj Kapoor	48600
Total	100000

Equity Share Break up (Percentage of Total Equity)

As on: 30.09.2011

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

BUSINESS DETAILS

Line of Business :

Manufacturer of Industrial Equipment and Machines.

Products :

v Collision/ Crash Repair Systematic CR-0999 v Two Post Lift Burly-4000 v Collision/ Crash Repair System v A/c Service Station ACR-134-R v Four Post Lift Heafty-4000 v Scissor Lift SCL-2500 v Tyre Changer TC-909 v Rim Repairing Machine Sharper-2D v Soft Welder ASW-1666 v Teo Post Lift Burly-3500 v Mig Welder MW-5000 v Mig Welder MW-6000 v Spot Welder SPT-666 v Spark Plug Cleaner and Tester SPC-300 v Spray Paint Booth PB-9000 v Nitrogen Generator NG-523 v Wheel Balancers v Test Lane For Cars v 550 Prism v Four Wheel Aligner For Cars and others

GENERAL INFORMATION

Suppliers :

· Kapoer Motors

· Asnish Automobiles

· N adeem

· Ok motors

· Garg OH Traders

· S P International

Customers :

· Advance From Customer

· Fortune Honda

· Sunny Motors

· Kamlesn Motors

· Sanahu Automobiles

· Gaji Motors

· Journal Won Snop

· Motors Worxs

· Kumar Motors

No. of Employees :

10 (Approximately)

Bankers :

Axis Bank Limited, Alambagh Branch, Lucknow, Uttar Pradesh, India

Facilities :

(Rs. In Millions)

Unsecured Loan	As on 31.03.2011	As on 31.03.2010
Unsecured Loan	0.400	0.400
Kapoor Motors	0.571	0.000
Total	0.971	0.400

Banking Relations :	--
Auditors :
Name :	Ajay Vinay and Company Chartered Accountants
Address :	117/16, 1^st Floor, Sarvodaya Nagar, Kanpur – 208 005, Uttar Pradesh, India
Tel. No.:	91-512-3020439/ 3273569 / 2222500
Mobile No.:	91-9839202949 / 2222499
Fax No.:	91-512-3020438
E-Mail :	fcaajay@gmail.com
PAN No:	AGGPK5506M
Sister Concern:	· My Style Energy Solution Private Limited Address: 555GA/50, Bara Birwa, Kanpur Road, Alambagh, Lucknow – 226 005, Uttar Pradesh, India Line of Business: Manufacturer Electric Sterilizers · Kapoor Motors Address: 555GA/50, Bara Birwa, Kanpur Road, Alambagh, Lucknow – 226 005, Uttar Pradesh, India Line of Business: Maruti Authorized Service

CAPITAL STRUCTURE

After 30.09.2011

Authorised Capital : Rs.1.500 millions

Issued, Subscribed & Paid-up Capital : Rs.1.500 millions

As on: 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
50000	Equity Shares	Rs.10/- each	Rs.0.500 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]

.

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011	31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		0.100	0.100
2] Share Application Money		0.400	0.200
3] Reserves & Surplus		0.000	0.000
4] (Accumulated Losses)		(1.976)	(0.624)
NETWORTH		(1.476)	(0.324)
LOAN FUNDS
1] Secured Loans		0.000	0.000
2] Unsecured Loans		0.971	0.400
TOTAL BORROWING		0.971	0.400
DEFERRED TAX LIABILITIES		0.000	0.000
TOTAL		(0.505)	0.076
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.085	0.000
Capital work-in-progress		0.000	0.000
INVESTMENT		0.000	0.000
DEFERREX TAX ASSETS		0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.329	0.185
	Sundry Debtors	0.763	0.002
	Cash & Bank Balances	0.321	0.030
	Other Current Assets	0.000	0.000
	Loans & Advances	0.123	0.023
Total Current Assets		1.536	0.240
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.118	0.149
	Other Current Liabilities	2.012	0.000
	Provisions	0.000	0.015
Total Current Liabilities		2.130	0.164
Net Current Assets		(0.594)	0.076
MISCELLANEOUS EXPENSES		0.000	0.000
OTHER (Assets Prepaid)		0.004	0.000
TOTAL		(0.505)	0.076

PROFIT & LOSS ACCOUNT

PARTICULARS		31.03.2011	31.03.2010
SALES
	Turnover \ Receipts	0.000	0.000
	Other Income	0.000	0.000
	TOTAL	0.422	0.261
EXPENSES
	Office Expenses
	Administrative Expenses
	Advertising Expenses
	TOTAL	1.766	0.885
PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		(1.344)	0.000
FINANCIAL EXPENSES		0.000	0.000
PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		(1.344)	0.000
DEPRECIATION/ AMORTISATION		0.007	0.000
PROFIT BEFORE TAX		(1.351)	0.000
TAX		0.000	0.000
PROFIT AFTER TAX		(1.351)	0.000
Earnings Per Share (Rs.)		(135.10)	0.00

Particulars	31.03.2012
Sales Turnover (Approximately)	10.000

Particulars	31.03.2012 (Group Turnover)
Sales Turnover (Approximately)	60.000

Expected Sales (2012-2013): Rs.50.000 millions

The above information has been parted by Mr. Shravan Kumar

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010
PAT / Total Income	(%)	(320.14)	0.00
Return on Total Assets (PBT/Total Assets}	(%)	(83.34)	0.00
Return on Investment (ROI) (PBT/Networth)		0.91	0.00
Debt Equity Ratio (Total Liability/Networth)		(2.10)	(1.74)
Current Ratio (Current Asset/Current Liability)		0.72	1.46

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	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 two years	Yes
12]	Profitability for last two years	Yes
13]	Reasons for variation <> 20%	--
14]	Estimation for coming financial year	Yes
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	Yes
18]	Major customers	Yes
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	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	--
26]	Buyer visit details	--
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

PERFORMANCE:

The Company has recorded turnover of Rs 0.422 millions during the year. Company has recorded profit of Rs (1.351) during the in current year. They are hopeful Thai in comma year Company will be able To achieve Better turnover and profitability

FIXED ASSETS:

· Computer

· Camera

· Furniture

· Printer

· Submersible Pump

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 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.54.91
UK Pound	1	Rs.87.38
Euro	1	Rs.70.24

INFORMATION DETAILS

Report Prepared by :

DPK

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	2
--PROFITABILIRY	1~10	-
--LIQUIDITY	1~10	2
--LEVERAGE	1~10	1
--RESERVES	1~10	-
--CREDIT LINES	1~10	-
--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		11

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.