MIRA INFORM REPORT

Report Date :

11.09.2012

IDENTIFICATION DETAILS

Name :	MM ACTIV SCI-TECH COMMUNICATIONS PRIVATE LIMITED [w.e.f. 17.04.2009]
Formerly Known As :	MARKET MISSIONARIES (INDIA) PRIVATE LIMITED
Registered Office :	2^nd Floor, Kamdhenu Building, Next To Hotel Sahara, Senapati Bapat Road, Pune-411016, Maharashtra
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	08.06.1992
Com. Reg. No.:	11-067104
Capital Investment / Paid-up Capital :	Rs.3.000 Millions
CIN No.: [Company Identification No.]	U51909MH1992PTC067104
TAN No.: [Tax Deduction & Collection Account No.]	PNEM11729E
PAN No.: [Permanent Account No.]	AABCM2615H
Legal Form :	Private Limited Liability Company
Line of Business :	Providing Event Management Services.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (44)

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

Maximum Credit Limit :	USD 120000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track. Trade relations are reported as fair. Business is active. Payments are reported to be usually correct. 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 – 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.

LOCATIONS

Registered Office :	2^nd Floor, Kamdhenu Building, Next To Hotel Sahara, Senapati Bapat Road, Pune-411016, Maharashtra, India
Tel. No.:	91-20-40032061
Fax No.:	91-20-40032061
E-Mail :	accounts@mmactiv.in
Branch Office :	Located At: · Bangalore · Mumbai · New Delhi · Nagpur · Hyderabad · Chennai

DIRECTORS

AS ON 30.09.2011

Name :

Mr. Ajay Madhav Jhankar

Designation :

Director

Address :

485, Narayan Peth, Pune-411030, Maharashtra, India

Date of Birth/Age :

01.09.1959

Date of Appointment :

08.06.1992

Din No.:

02414894

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	Company/ LLP Status	Defaulting status
1	U51909MH1992PTC067104	MM ACTIV SCI-TECH COMMUNICATIONS PRIVATE LIMITED	Director	08/06/1992	08/06/1992	Active	NO
2	U74900PN2009PTC134151	MM ACTIV DESIGN STUDIO PRIVATE LIMITED	Director	17/06/2009	17/06/2009	Active	NO
3	U74140PN2006PTC129222	SCI KNOWLEDGE INTERLINKS PRIVATE LIMITED	Additional director	17/01/2011	17/01/2011	Active	NO

Name :

Mr. Jagdish Balkrishna Patankar

Designation :

Director

Address :

Flat No. 55, Building B, Mahavir Park, Bibwewadi, Pune-411037, Maharashtra, India

Date of Birth/Age :

23.05.1962

Date of Appointment :

08.06.1992

Din No.:

00294798

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	Company/ LLP Status	Defaulting status
1	U51909MH1992PTC067104	MM ACTIV SCI-TECH COMMUNICATIONS PRIVATE LIMITED	Director	10/09/1992	10/09/1992	Active	NO
2	U74140PN2006PTC129222	SCI Knowledge Interlinks Private Limited	Director	13/11/2006	13/11/2006	Active	NO

Name :

Mr. Ravindra Vidyadhar Boratkar

Designation :

Director

Address :

402, Siddhivinayak Apartment, Khare Towns, Dharmpeth, Nagpur-400010, Maharashtra, India

Date of Birth/Age :

20.05.1965

Date of Appointment :

10.09.1992

Din No.:

00299351

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	U51909MH1992PTC067104	MM ACTIV SCI-TECH COMMUNICATIONS PRIVATE LIMITED	Director	10/09/1992	10/09/1992	-	Active	NO
2	U22219MH1949PLC010467	SHRI NARAKESARI PRAKASHAN LIMITED	Director	30/10/1999	30/10/1999	26/08/2012	Active	NO
3	U01100MH2000PLC125722	PURTI POWER AND SUGAR LIMITED	Director	07/07/2000	07/07/2000	-	Active	NO
4	U22120MH2001PLC130500	SHREE MULTIMEDIA VISION LIMITED	Director	18/01/2001	18/01/2001	-	Active	NO
5	U01110MH2001PLC131338	PURTI AGROTECH LIMITED	Director	22/03/2001	22/03/2001	-	Active	NO
6	L15142MH1985PLC037493	UMRED AGRO COMPLEX LIMITED	Director	25/03/2002	25/03/2002	-	Active	NO
7	U74300MH2004PTC149470	PRO-FIT ADVERTISERS (INDIA) PRIVATE LIMITED	Whole-time director	01/04/2008	09/11/2004	-	Active	NO
8	U51909MH2005PTC150361	PURTI MARKETING PRIVATE LIMITED	Director	03/01/2005	03/01/2005	27/01/2010	Active	NO
9	U74140PN2006PTC129222	SCI KNOWLEDGE INTERLINKS PRIVATE LIMITED	Director	29/09/2007	05/02/2007	-	Active	NO
10	U74900PN2009PTC134151	MM ACTIV DESIGN STUDIO PRIVATE LIMITED	Director	17/06/2009	17/06/2009	-	Active	NO

Name :

Mr. Vijay Padmakar Thombre

Designation :

Director

Address :

Flat No. 1, Sagar Apartments, Mahaganesh Colony, Paud Road, Pune-411029, Maharashtra, India

Date of Birth/Age :

25.04.1959

Date of Appointment :

10.09.1992

Din No.:

00294798

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	Company/ LLP Status	Defaulting status
1	U51909MH1992PTC067104	MM ACTIV SCI-TECH COMMUNICATIONS PRIVATE LIMITED	Director	10/09/1992	10/09/1992	Active	NO
2	U74140PN2006PTC129222	SCI KNOWLEDGE INTERLINKS PRIVATE LIMITED	Director	13/11/2006	13/11/2006	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2011

Names of Shareholders	No. of Shares
Jagdish Balkrishna Patankar	90000
Ajay Madhav Jhankar	9000
Ravindra Vidyadhar Boratkar	60000
Vijay Padmakar Thombre	60000
Mansi A. Jhankar	81000
TOTAL	300000

AS ON 30.09.2011

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

BUSINESS DETAILS

Line of Business :

Providing Event Management Services.

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

The Cosmos Co-Operative Bank Limited [Laxmi Road Branch], 269/270, Shaniwar Peth, Pune-411030, Maharashtra, India

Facilities :

Secured Loan	As on 31.03.2011 [Rs. in Millions]	As on 31.03.2010 [Rs. in Millions]
Loans From The Cosmos Co-Operative Bank [Secured against book debts, fixed assets and personal guarantee of directors]
Cash Credit	11.248	7.513
Project Finance	5.054	1.371
Loans From Other Banks
HDFC Car Loan	2.560	2.508
Cosmos Car Loan	0.000	0.000
TOTAL	18.862	11.392
Unsecured Loan	As on 31.03.2011 [Rs. in Millions]	As on 31.03.2010 [Rs. in Millions]
Unsecured Loan	0.496	0.398
TOTAL	0.496	0.398

Banking Relations :	--
Auditors :
Name :	Pravin Bhandari and Company Chartered Accountants
Address :	Vidyadhar Heights, 243, Narayan Peth, Laxmi Road, Pune-411030, Maharashtra, India
Pan No.:	ABGPB3669R

CAPITAL STRUCTURE

AS ON 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
500000	Equity Shares	Rs. 10/- each	Rs.5.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
300000	Equity Shares	Rs. 10/- each	Rs.3.000 Millions

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		3.000	3.000	3.000
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		27.257	20.527	24.197
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		30.257	23.527	27.197
LOAN FUNDS
1] Secured Loans		18.862	11.392	8.615
2] Unsecured Loans		0.496	0.398	0.000
TOTAL BORROWING		19.358	11.790	8.615
DEFERRED TAX LIABILITIES		0.265	0.265	0.000
TOTAL		49.880	35.582	35.812
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		10.290	9.024	6.820
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		2.891	2.184	2.184
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Sundry Debtors and Advances	43.499	31.901	22.020
	Cash & Bank Balances	16.335	8.571	9.584
	Deposits & Advances For Premises	3.687	2.752	2.576
	Other Deposits	0.679	0.578	0.280
	Other Receivables	1.837	4.416	2.726
	TDS	9.223	6.694	9.661
Total Current Assets		75.260	54.912	46.847
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	31.329	22.775	13.092
	Other Current Liabilities	0.889	0.113	0.160
	Provisions	6.343	7.650	6.787
Total Current Liabilities		38.561	30.538	20.039
Net Current Assets		36.699	24.374	26.808
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		49.880	35.582	35.812

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	151.900	104.400	113.800
		Other Income	11.500	9.800	NA
		TOTAL	163.400	114.200	NA
Less	EXPENSES
		TOTAL	NA	NA	NA
	NET PROFIT / LOSS		6.730	4.585	NA
	Earnings / (Loss) Per Share (Rs.)		NA	NA	NA

KEY RATIOS

PARTICULARS	31.03.2011	31.03.2010	31.03.2009
Debt Equity Ratio (Total Liability/Networth)	1.91	1.80	1.05
Current Ratio (Current Asset/Current Liability)	1.95	1.80	2.34

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	No
10]	Designation of contact person	No
11]	Turnover of firm for last three years	Yes
12]	Profitability for last two years	Yes
13]	Reasons for variation <> 20%	--
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
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	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]	PAN of Proprietor/Partner/Director, if available	No
32]	Date of Birth of Proprietor/Partner/Director, if available	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

FINANCIAL RESULTS:

The company registered almost a 50% rise an income from Events Management, recording an Events Income of Rs.151.900 Millions as against Rs.104.400 Millions in the previous year. The income from other activities has also gone up recording a total income of Rs.163.400 Millions as compared to Rs.114.200 Millions in the previous year. The net profit for the year has also gone up amounting to Rs.6.730 Millions as against Rs.4.585 Millions in the previous year.

BANKERS CHARGES REPORT AS PER REGISTRY

This form is for	Creation of charge
Corporate identity number of the company	U51909MH1992PTC067104
Name of the company	MM ACTIV SCI-TECH COMMUNICATIONS PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	2^nd Floor, Kamdhenu Building, Next To Hotel Sahara, Senapati Bapat Road, Pune-411016, Maharashtra, India
Type of charge	Book Debts Movable Property [not being pledge] Floating Charge Immovable Property
Particular of charge holder	The Cosmos Co-Operative Bank Limited [Laxmi Road Branch], 269/270, Shaniwar Peth, Pune-411030, Maharashtra, India
Email	mandevazecs@vsnl.net
Nature of description of the instrument creating or modifying the charge	Deed of hypothecation of stock, book debts and machinery dated 12th April, 2012 and Extension of equitable mortgage for creation of further charge dated 12th April, 2012 Both constituting a single charge
Date of instrument Creating the charge	12.04.2012
Amount secured by the charge	Rs.10.000 Millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest Bank guarantees (Rs. 10.000 Millions): commission - as per bank rules Terms of Repayment Bank guarantees (Rs. 10.000 Millions): commission - as per bank rules Margin Bank guarantee (Rs. 10.000 Millions): 10% in banks favour Extent and Operation of the charge The Charge Shall Continue To Operate Till Full Repayment Of The Facility Enjoyed By The Company Others FACILITY: Bank guarantee (one time) limit of Rs. 10.000 Millions only for purpose of issuing performance bank guarantee for the order of GIM- 2012
Short particulars of the property charged	All piece and parcel of plot no. 37, AD. About 526 sq. Mtrs., S. No. 66/7, Village Baner, Taluka- Haveli, district- Pune and (not owned by company) All piece and parcel of plot no. 37a, AD. About 526 sq. Mtrs., S. No. 66/7, Village Baner, Taluka- Haveli, district- Pune and (not owned by company) All stock in trade, raw material, manufactured and semi- manufactured goods, finished goods at 2nd Floor, Kamdhenu Building, Senapati Bapat Road, Pune 411016 or at any other place of business in India All moveable machinery, plant and equipment with their accessories and spare parts at 2nd floor, Kamdhenu Building, Senapati Bapat Road, Pune 411016 or at any other place of business in India All present and future book debts, outstanding moneys, receivables, claims, bills chooses in action, contracts, engagement and securities of the company

FIXED ASSETS:

· Vehicles

· Computer

· Furniture

· Office Equipments

· Plant and Machinery

· Building

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.55.34
UK Pound	1	Rs.88.50
Euro	1	Rs.70.74

INFORMATION DETAILS

Report Prepared by :

TPT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--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		44

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.