MIRA INFORM REPORT

Report Date :

06.10.2012

IDENTIFICATION DETAILS

Name :	SPORTS FACILITIES COMPANY PRIVATE LIMITED
Registered Office :	A – 4014, Bhandup Industrial Estate, Pannalal Compound, L.B.S Marg, Bhandup (West), Mumbai – 400078, Maharashtra
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	11.04.2008
Com. Reg. No.:	11-181071
Capital Investment / Paid-up Capital :	Rs. 1.400 Millions
CIN No.: [Company Identification No.]	U92412MH2008PTC181071
TAN No.: [Tax Deduction & Collection Account No.]	MUMS60048C
PAN No.: [Permanent Account No.]	AALCS9132M
Legal Form :	Private Limited Liability Company
Line of Business :	Trader and Importer of Sports Equipments and Utilities etc.
No. of Employees :	50 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (27)

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

Maximum Credit Limit :	USD 20000
Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is a successor of proprietory concern started in the year 2000 and later it got converted into private limited in 2008. It is having moderate track record. The management have fail to file the current year financial detail with government department. However, trade relations are reported to be fair. Business is active. Payments are reported to be unknown. The Company can be considered for business dealing 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 – 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 :	Ms. Apeksha
Designation :	Business Head
Contact No.:	91-22-267988364
Date :	28.09.2012

LOCATIONS

Registered Office :	A – 4014, Bhandup Industrial Estate, Pannalal Compound, LBS Marg, Bhandup Mumbai – 400078, Maharashtra, India
Tel. No.:	91-22-67988364
Mobile No.:	91-9833634462 (Mr. Mukund Vithaldas Ghia )
Fax No.:	91-22-25962017
E-Mail :	sfc022@yahoo.com sfc.inaids@rediffmail.com
Website :	http://www.sportsfacilitiesindia.com
Area :	6500 Sq.ft.
Location :	Owned
Warehouse :	Located at Bhiwandi

DIRECTORS

As on: 31.03.2010

Name :

Mr. Mukund Vithaldas Ghia 

Designation :

Director

Address :

Runwal Plaza Tower 901,9th Floor, Near Kores Factory, Gokharan Road No-1, Vartak Nagar, Thane (West), Thane – 400606, Maharashtra, India

Date of Birth/Age :

22.10.1954

Date of Appointment :

11.04.2008

DIN No.:

01710225

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U51228MH2007PTC170946	VILLA DIVINE IMPEX PRIVATE LIMITED	Director	18-05-07	18-05-07	-	Active	YES
2	U52208MH2007PTC175127	BERKMANN WINE CELLARS INDIA PRIVATE LIMITED	Director	17-10-07	17-10-07	28-11-07	Active	NO
3	U92412MH2008PTC181071	SPORTS FACILITIES CO PRIVATE LIMITED	Director	11-04-08	11-04-08	-	Active	NO

Name :

Mr. Minal Mukund Ghia

Designation :

Director

Address :

T/901, Runwal Plaza, Vartak Nagar, Pokhran Road No.1, Thane – 400606, Maharashtra, India

Date of Birth/Age :

30.05.1961

Date of Appointment :

11.04.2008

DIN No.:

00556287

Name :

Mr. Sowrirajan Subramanian Kumarapuram

Designation :

Director

Address :

A/11, 2nd Floor, Anand Co-Operative HSG. Soc, Shastri Nagar, Dombivli (West), Thane – 421202, Maharashtra, India

Date of Birth/Age :

02.01.1926

Date of Appointment :

11.04.2008

DIN No.:

00697370

Name :

Mr. Arjun Ramkewal Yadav

Designation :

Director

Address :

Room No.2, R R Pandey Chawl, Janta Market, Bhandup (West), Mumbai – 400078, Maharashtra, India

Date of Birth/Age :

03.08.1976

Date of Appointment :

11.04.2008

DIN No.:

00556378

KEY EXECUTIVES

Name :	Ms. Apeksha
Designation :	Business Head

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 25.09.2010

Names of Shareholders	No. of Shares
Mukund Vithaldas Ghia	60000
Minal Mukund Ghia	120000
Sowrirajan Subramanian Kumarapuram	15000
Arjun Ramkewal Yadav	10000
Vithaldas. R. Ghia	20000
Hira Vithaldas Ghia	20000
Jagdish Dhirajlal Gaglani	10000
Jatin Jagdish Gaglani	10000
Jagdish Dhirajlal Gaglani	10000
Varsha Jagdish Gaglani	10000
Dharmith Mukund Ghia	5000
Apeksha Dharmith Ghia	5000
Total	295000

As on: 25.09.2010

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Directors or relatives of directors	83.05
Other top fifty shareholders	16.95
Total	100

BUSINESS DETAILS

Line of Business :	Trader and Importer of Sports Equipments and Utilities etc.
Products :	· Tennis Court · Basket Ball Court · Badminton Court · Football Court · Hockey Court · Squash Court · Mini Golf Course · Monolithic Sport Floorings · Sport Equipment’s and Utilities · Beach Volleyball and Jogging Tracks.
Imports :
Products :	Sports Equipments and Utilities
Countries :	· USA · Australia · Germany
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

GENERAL INFORMATION

Customers :

End Users

No. of Employees :

50 (Approximately)

Bankers :

· State Bank of India, Small and Medium Enterprises City Credit Centre, Bandra Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra, India

· The Karur Vysya Bank Limited, 65/7, New Rohtak Road, Karol Bagh, Delhi – 110005, India.

Facilities :

Cash Credit Rs. 6.000 Millions (form State Bank of India)

(Rs. In Millions)

Unsecured Loan	As on 31.03.2010	As on 31.03.2009
From Directors and Shareholders	0.475	0.676
From Others	0.095	0.000
Total	0.570	0.676

Banking Relations :	--
Auditors1 :
Name :	M.S. Danani and Company Chartered Accountants
Address :	4075, Bhandup Industrial Estate, Pannalal Compound, LBS Marg, Bhandup (West), Mumbai – 400078, Maharashtra, India
Tel. No. :	91-22-25967683
PAN No.:	AACPD0861C
Auditors 2 :
Name :	M.C. Gandhi Chartered Accountant
Address :	Borivali

CAPITAL STRUCTURE

As on: 25.09.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
350000	Equity Shares	Rs.10/- each	Rs. 3.500 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
295000	Equity Shares	Rs.10/- each	Rs. 2.950 Millions

As on: 31.03.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
350000	Equity Shares	Rs.10/- each	Rs. 3.500 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
140000	Equity Shares	Rs.10/- each	Rs. 1.400 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEETP

SOURCES OF FUNDS		31.03.2010	31.03.2009
SHAREHOLDERS FUNDS
1] Share Capital		1.400	0.700
2] Share Application Money		1.450	0.025
3] Reserves & Surplus		2.357	0.927
4] (Accumulated Losses)		0.000	0.000
NETWORTH		5.207	1.652
LOAN FUNDS
1] Secured Loans		0.000	0.000
2] Unsecured Loans		0.570	0.676
TOTAL BORROWING		0.570	0.676
DEFERRED TAX LIABILITIES		0.000	0.000
TOTAL		5.777	2.328
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.213	0.286
Capital work-in-progress		0.000	0.000
INVESTMENT		0.226	0.000
DEFERREX TAX ASSETS		0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	6.858	1.951
	Sundry Debtors	4.854	1.651
	Cash & Bank Balances	1.164	0.253
	Other Current Assets	0.703	0.482
	Loans & Advances	4.621	2.155
Total Current Assets		18.200	6.492
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	2.097	0.375
	Other Current Liabilities	8.477	3.174
	Provisions	2.368	0.946
Total Current Liabilities		12.942	4.495
Net Current Assets		5.258	1.997
MISCELLANEOUS EXPENSES		0.080	0.045
TOTAL		5.777	2.328

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009
	SALES
		Income	27.126	13.448
		Other Income
		TOTAL	27.126	13.448
Less	EXPENSES
		Office Expenses
		Administrative Expenses	23.953	12.021
		Advertising Expenses
		TOTAL	23.953	12.021
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		3.173	1.427
Less	DEPRECIATION/ AMORTISATION		0.074	0.060
	PROFIT BEFORE TAX		3.099	1.367
Less	TAX		0.970	0.439
	PROFIT AFTER TAX		2.129	0.928
	Earnings Per Share (Rs.)		7.217	13

Particulars	31.03.2012	31.03.2011
Sales Turnover (Approximately)	45.000	40.000

Expected Sales (2012-2013): Rs.100.000 Millions

The above information has been parted by Ms. Apeksha

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009
PAT / Total Income	(%)	7.85	6.90
Return on Total Assets (PBT/Total Assets}	(%)	16.63	20.17
Return on Investment (ROI) (PBT/Networth)		0.60	0.82
Debt Equity Ratio (Total Liability/Networth)		2.59	3.13
Current Ratio (Current Asset/Current Liability)		1.40	1.44

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	Yes
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	Yes
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	No
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	Yes
20]	Export / Import details (if applicable)	Yes
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	No
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

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	U92412MH2008PTC181071
Name of the company	Sports Facilities Company Private Limited
Address of the registered office or of the principal place of business in India of the company	A-4014, Bhandup Industrial Estate, Pannalal Compund, L.B.S. Marg, Bhandup (West), Mumbai - 400078, Maharashtra, India sfc.inaids@rediffmail.com
This form is for	Creation of Charges
Type of charge	· Book debts · Movable property ( not being pledge)
Particular of charge holder	Small and Medium Enterprises City Credit Centre, Bandra Kurla Complex, Bandra (East), Mumbai – 400051, Maharashtra, India kamalax_saraf@hotmail.com
Nature of instrument creating charge	Agreement of Loan-Cum-Hypothecation
Date of instrument Creating the charge	20.12.2011
Amount secured by the charge	Rs. 6.000 Millions
Brief particulars of the principal terms and conditions and extent and operation of the charge	Rate of Interest Cash Credit: 6% above SBAR = 9.25% effective rate of 15.25% P. A. with monthly rests. Terms of Repayment As per sanction terms Margin As per sanction terms Extent and Operation of the charge Cash Credit : Rs. 2.500 Millions Letter Of Credit : Rs. 1.000 Millions Bank Guarantee : Rs. 2.5000 Millions --------------- Total = Rs. 6.000 Millions
Short particulars of the property or asset(s) charged (including complete address and location of the property)	All present and future stocks, raw materials, goods, book-debts and all other movable assets of the borrower(s) including receivables, documents of title to goods, outstan- ding monies, bills, invoices, Documents, contracts, insurance policies, guarantees, engagements, securities, investments and rights and the present and future machinery. Hard plaster walls, score rolls, umpire chairs, visitors chairs, tennis balls, hammocks

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.51.62
UK Pound	1	Rs.83.57
Euro	1	Rs.67.17

INFORMATION DETAILS

Information Gathered by :	SVD
Report Prepared by :	NTH

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
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	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	YES
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		27

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	-

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.