MIRA INFORM REPORT

Report Date :

11.09.2012

IDENTIFICATION DETAILS

Name :	SANDARV DISTRIBUTORS AND SALES PRIVATE LIMITED
Registered Office :	27, Biplabi Trailakya Maharaj Sarani, 5^th Floor, Room No.507, Narayani Building, Kolkata – 700001, West Bengal
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	10.12.2009
Com. Reg. No.:	21-140069
Capital Investment / Paid-up Capital :	Rs.4.575 Millions
CIN No.: [Company Identification No.]	U52190WB2009PTC140069
PAN No.: [Permanent Account No.]	AANCS7261F
Legal Form :	Private Limited Liability Company
Line of Business :	Trading of Rice Bran.
No. of Employees :	8 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (43)

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

Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track. Trade relations are reported to be fair. Business is active. Payments are reported to be usually correct and as per commitments. The company can be considered for business dealing 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 – 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. Vinesh Kumar Daga
Designation :	Director
Contact No.:	91-9830980214
Date :	08.09.2012

LOCATIONS

Registered Office :	27, Biplabi Trailakya Maharaj Sarani, 5^th Floor, Room No.507, Narayani Building, Kolkata – 700001, West Bengal, India
Tel. No.:	91-33-30232403
Mobile No.:	91-9681169177 (Mr. Ravindra Kumar Daga) 91-9830980214/ 9339936403 (Mr. Vinesh Kumar Daga)
Fax No.:	Not Available
E-Mail :	vinesh_daga@yahoo.co.in incometax.roc@gmail.com privtecompanies@gmail.com
Location :	Owned
Factory/ Godown :	11/1, B. K. Paul Temple Road, Belur, Howrah, West Bengal, India

DIRECTORS

(AS ON 30.09.2011)

Name :

Mr. Vinesh Kumar Daga

Designation :

Director

Address :

25, Rameshwar Malia, 1^st Bye Lane, Bangbasi Cinema, Howrah – 711101, West Bengal, India

Date of Birth/Age :

05.12.1976

Qualification :

B. Com

Date of Appointment :

05.04.2011

PAN No.:

ADKPD0708K

DIN No.:

01298258

Other Directorships :

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	U24134WB1995PTC067108	ENDURRA POLYMERS PVT.LTD.	Additional director	26/02/2008	26/02/2008	18/03/2008	Active	NO
2	U74999WB2011PTC161009	PREESHA COMMERCIAL PRIVATE LIMITED	Director	21/03/2011	21/03/2011	05/03/2012	Active	NO
3	U52190WB2009PTC140069	SANDARV DISTRIBUTORS & SALES PRIVATE LIMITED	Director	05/04/2011	05/04/2011	-	Active	NO
4	U70109WB2012PTC174587	STARTREE HIGHRISE PRIVATE LIMITED	Director	22/02/2012	22/02/2012	-	Active	NO
5	U15141OR2002PTC006775	NOVO OIL PRIVATE LIMITED	Director	01/03/2012	01/03/2012	-	Active	NO
6	U28129WB2004PTC098456	IOTA PACKAGING PRIVATE LIMITED	Additional director	11/07/2012	11/07/2012	-	Active	NO

Name :

Mr. Ravindra Kumar Daga

Designation :

Director

Address :

25, Rameshwar Malia, 1^st Bye Lane, Howrah – 711101, West Bengal, India

Date of Birth/Age :

28.06.1974

Date of Appointment :

14.03.2012

PAN No.:

ACMPD8987D

DIN No.:

05130953

Other Directorships :

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	U70109WB2012PTC174587	STARTREE HIGHRISE PRIVATE LIMITED	Director	22/02/2012	22/02/2012	Active	NO
2	U52190WB2009PTC140069	SANDARV DISTRIBUTORS & SALES PRIVATE LIMITED	Director	14/03/2012	14/03/2012	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

(AS ON 30.09.2011)

Names of Shareholders	No. of Shares
Sanjay Kumar Agarwal	5000
Vinesh Kumar Daga	5000
Total	10000

(AS ON 31.03.2012)

Names of Allotees	No. of Shares Allotted
Manisha Daga	75000
Asha Daga	50000
Vinish Kumar Daga	25000
Santosh Devi Daga	75000
Ravindra Kumar Daga	10000
Chetna Daga	12500
Alka Stockiest Private Limited, India	20000
Amco Sales Private Limited, India	20000
Alka Distributors Private Limited, India	20000
Astra Dealers Private Limited, India	20000
Bright Agencies Private Limited, India	20000
Anish Dealers Private Limited, India	20000
Bluebeti Calers Private Limited, India	20000
Spleen Conclave Private Limited, India	20000
Padma Sales Private Limited, India	20000
Robert Sales Private Limited, India	20000
Total	447500

(AS ON 30.09.2011)

Equity Shares Break – up

Category	Percentage
Directors or relatives of directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Trading of Rice Bran.
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

GENERAL INFORMATION

Customers :

End Users

No. of Employees :

8 (Approximately)

Bankers :

· Bank of India

· Indusind Bank, Kolkata

Facilities :

Unsecured Loans	31.03.2012	31.03.2011
	(Rs. In Millions)
From Directors	3.000	3.000
Total	3.000	3.000

Banking Relations :	--
Auditors :
Name :	C. Ghatak and Company Chartered Accountant
Address :	107, N. S. Bose Road, Ground Floor, Kolkata – 700040, West Bengal, India

CAPITAL STRUCTURE

(AS ON 31.03.2012)

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
457500	Equity Shares	Rs.10/- each	Rs.4.575 Millions

Reconcilation of No. of outstanding Shares at the beginning and at the end of the year

Particulars	As on 31.03.2012		As on 31.03.2011
	No of Shares	Amount	No of Shares	Amount
Outstanding hare at the beginning of year	10000	0.100	10000	0.100
Add: Issued during the year	447500	4.475	0	0
Outstanding Shares at the end of year	457500	4.575	10000	0.100

Shareholders holding more than 5% of the share of the company

Particulars	As on 31.03.2012		As on 31.03.2011
	% of Holding	No of Shares Held	% of Holding	No of Shares Held
Vinesh Kumar Daga	31%	142500	50%	5000
Ravindra Kumar Daga	11%	52500	50%	5000
Asha Daga	11%	50000	0%	0

------------------------------------------------------------------------------------------------------------------------------

FINANCIAL DATA

[All figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2012	31.03.2011	31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		4.575	0.100	0.100
2] Share Application Money		0.000	5.000	2.000
3] Reserves & Surplus		7.997	1.430	0.212
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		12.572	6.530	2.312
LOAN FUNDS
1] Secured Loans		0.000	0.000	0.000
2] Unsecured Loans		3.000	3.000	1.400
TOTAL BORROWING		3.000	3.000	1.400
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		15.572	9.530	3.712
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.529	0.619	0.747
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	21.766	17.399	3.305
	Sundry Debtors	11.907	9.794	3.266
	Cash & Bank Balances	0.735	0.393	0.153
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	0.590	0.590	0.590
Total Current Assets		34.998	28.176	7.314
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	18.145	18.352	3.877
	Other Current Liabilities	1.810	0.913	0.472
	Provisions	0.000	0.000	0.000
Total Current Liabilities		19.955	19.265	4.349
Net Current Assets		15.043	8.911	2.965
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		15.572	9.530	3.712

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Sales	253.797	204.694	42.645
		Income from other source	0.000	0.000	0.000
		TOTAL (A)	253.797	204.694	42.645
Less	EXPENSES
		Cost of Goods Sold	240.964	195.476	40.394
		Coolie and Cartaige	0.000	2.204	0.459
		Selling, General, Administrative and Other Expenses	9.752	5.146	1.269
		TOTAL (B)	250.716	202.826	42.122
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		3.081	1.868	0.523
Less	FINANCIAL EXPENSES (D)		0.000	0.000	0.000
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		3.081	1.868	0.523
Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.093	0.128	0.203
	PROFIT BEFORE TAX (E-F) (G)		2.988	1.740	0.320
Less	TAX (H)		0.896	0.522	0.108
	PROFIT AFTER TAX (G-H) (I)		2.092	1.218	0.212
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		1.430	0.212	0.000
	BALANCE CARRIED TO THE B/S		3.522	1.430	0.212
	Earnings Per Share (Rs.)		3.91	121.79	--

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	0.82	0.60	0.50
Net Profit Margin (PBT/Sales)	(%)	1.18	0.85	0.75
Return on Total Assets (PBT/Total Assets}	(%)	8.41	6.04	3.97
Return on Investment (ROI) (PBT/Networth)		0.24	0.27	0.14
Debt Equity Ratio (Total Liability/Networth)		1.83	3.41	2.49
Current Ratio (Current Asset/Current Liability)		1.75	1.46	1.68

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	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three 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)	No
21]	Market information	-----
22]	Litigations that the firm / promoter involved in	-----
23]	Banking Details	Yes
24]	Banking facility details	No
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	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

------------------------------------------------------------------------------------------------------------------------------

NOTE:

The Registered office of the company has been shifted from, 30, Bentick Street, 3^rd Floor, Room No.305, Kolkata – 700001, West Bengal, India, to the present address w.e.f. 05.04.2011.

------------------------------------------------------------------------------------------------------------------------------

ASSESSMENT OF FINANCIAL REQUIREMENT

OPERATING STATEMENT

(RS. IN MILLIONS)

Particulars	2013	2014
	(Estimated)	(Projection)
Gross Sales
Domestic Sales	329.800	409.344
Export Sales	0.000	0.000
Total	329.800	409.344
Less: Excise Duty	0.000	0.000
Net Sales	329.800	409.344
%age rise/ fall in net sales as compared to previous year	29.95%	24.12%
Cost of Sales
Raw Materials (Including Stores and Other Items used in the process of Manufacturer)
Imported	0.000	0.000
Indigenous	324.938	386.423
Other Spares/ Carriage
Imported	0.000	0.000
Indigenous	0.000	0.000
Power and Fuel	0.000	0.000
Direct Labour (Factory, wages and salaries)	3.998	5.526
Repairs and Maintenance	0.000	0.000
Other Manufacturing Expenses	0.000	0.000
Depreciation	0.071	0.058
Sub – Total	329.007	392.007
Add: Opening Stocks in Process	0.000	0.000
Deduct: Closing Stocks in Process	0.000	0.000
Cost of Production	329.007	392.007
Cost of Production as % of Gross Sales	99.76%	95.76%
Add: Opening Stock of Finished Goods	21.766	38.600
Deduct: Closing Stock of Finished Goods	38.600	47.900
Sub Total (Total Cost of Sales)	312.173	382.707
COP as % of Gross Sales	94.66%	93.49%
General, Administrative and selling Expenses	8.795	12.280
Operating Profit before Interests and Tax (PBIT)	8.832	14.357
PBIT as % of Gross Sales	2.68%	3.51%
Interests and Other Financial Charges	4.834	8.217
Interest and Financial Charge as % of Sales	1.47%	2.01%
Operating Profit Before Tax (PBT)	3.998	6.140
PBT a % of Gross Sales	1.21%	1.50%
Add: Other Non-operating Income
Sale of Fixed Assets	0.000	0.000
Others	0.000	0.000
Sub Total (Income)	0.000	0.000
Deduct: Other Non-operating Expenses
Miscellaneous Expenses	0.000	0.000
W.O. of Preliminary and Pre-operative Expenses	0.000	0.000
Sub Total (Expenses)	0.000	0.000
Net of Other non-operating income/ Expenses	0.000	0.000
Profit before tax	3.998	6.140
Provision for taxes	1.199	1.842
Net Profit/ loss	2.799	4.298
PAT as % of Gross Sales	0.85%	1.05%
Retained Profit	2.799	4.298

------------------------------------------------------------------------------------------------------------------------------

ANALYSIS OF BALANCE SHEET

(RS. IN MILLIONS)

Particulars	2013	2014
LIABILITIES	(Estimated)	(Projection)
CURRENT LIABILITIES
Short term borrowings banks (Including bills purchased, discounted and excess borrowing placed on repayment basis)
- From Applicant Bank	50.000	60.000
- From Other Banks	0.000	0.000
(Of which BP and BD)
Sub Total (A)	50.000	60.000
Short Term borrowing- others	0.000	0.000
Sundry Creditors	7.210	9.825
Advance/ Progress Payments from Customers/ deposits from Dealers, Selling agents	0.000	0.000
Provision for taxation	0.000	0.000
Other Statutory Liabilities (Due within one year)	0.000	0.000
Deposits / Installments of Term Loans DPGs/ Debentures/ ECB/ ADR/ GDR (Due Within One Year)	0.000	0.000
Other Current Liabilities	0.149	0.188
SUB TOTAL (B)	7.359	10.013
TOTAL CURRENT LIABILITIES	67.359	70.013
TERM LIABILITIES
Debentures	0.000	0.000
Creditors for Capital Goods	0.000	0.000
Term Loan	0.000	0.000
Deferred sales Tax liabilities	0.000	0.000
Term Deposits	0.000	0.000
Other Term Liabilities	0.000	0.000
TOTAL TERM LIABILITIES	0.000	0.000
TOTAL OUTSIDE LIABILITIES	67.359	70.013
NET WORTH
Ordinary Share Capital	4.575	4.575
Share Application Money	6.000	6.000
Share Premium	4.475	4.475
Quasi Capital	4.000	4.000
Share Deposits	0.000	0.000
Reserve and Surplus	0.000	0.000
Capital Redemption Reserve	0.000	0.000
Surplus (+) Deficit (-) in Profit and Loss A/c	6.322	10.620
TOTAL NET WORTH	25.372	29.670
TOTAL LIABILITIES	82.731	99.683
ASSETS
CURRENT ASSETS
Cash and bank balances	1.393	2.479
Investment
- Receivables	34.200	39.100
- Export Receivables	0.000	0.000
INVENTORY
Raw Materials (Indigenous)	0.000	0.000
Stock in Process	0.000	0.000
Finished Goods	38.600	47.900
Other Consumable Spares	0.000	0.000
Advance to Supply of raw Material	5.891	6.915
Other Current Assets	2.190	2.890
TOTAL CURRENT ASSETS	82.274	99.284
FIXED ASSETS
Net Block	0.457	0.399
OTHER NON CURRENT ASSETS
Investment/ Book Debts Advance Deposits, which are not current Assets	0.000	0.000
Long term investments (In Subsidiaries)	0.000	0.000
Other non Current assets	0.000	0.000
TOTAL OTHER NON CURRENT ASSETS	0.000	0.000
Intangible Assets	0.000	0.000
TOTAL ASSETS	82.731	99.683

------------------------------------------------------------------------------------------------------------------------------

MR. VINESH KUMAR DAGA – (DIRECTOR)

BALANCE SHEET

(RS. IN MILLIONS)

SOURCES OF FUNDS		31.03.2012 (Provisional)	31.03.2011
SHAREHOLDERS FUNDS
1] Share Capital		5.826	5.552
2] Share Application Money		0.000	0.000
3] Reserves & Surplus		0.000	0.000
4] (Accumulated Losses)		0.000	0.000
NETWORTH		5.826	5.552
LOAN FUNDS
1] Secured Loans		0.616	0.321
2] Unsecured Loans		1.644	2.731
TOTAL BORROWING		2.260	3.052
DEFERRED TAX LIABILITIES		0.000	0.000
TOTAL		8.086	8.604
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		2.680	2.020
Capital work-in-progress		0.000	0.000
LOANS AND ADVANCE AND INVESTMENT		5.129	6.404
DEFERREX TAX ASSETS		0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000	0.000
	Sundry Debtors	0.000	0.000
	Cash & Bank Balances	0.247	0.180
	Other Current Assets	0.030	0.000
Total Current Assets		0.277	0.180
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	0.000	0.000
	Other Current Liabilities	0.000	0.000
	Provisions	0.000	0.000
Total Current Liabilities		0.000	0.000
Net Current Assets		0.277	0.180
MISCELLANEOUS EXPENSES		0.000	0.000
TOTAL		8.086	8.604

PROFIT & LOSS ACCOUNT

(RS. IN MILLIONS)

	PARTICULARS		31.03.2012 (Provisional)	31.03.2011
	SALES
		Profit from Retail Business	0.125	0.128
		Sandarv Distributors and Sales Private Limited	0.170	0.130
		Miscellaneous Receipts	0.000	0.140
		Interests Received	0.237	0.297
		Rent Received	0.360	0.180
		TOTAL	0.892	0.875
Less	EXPENSES
		Interests Paid on Loan	0.286	0.225
		Interests Paid on ICICI Bank	0.029	0.051
		Interests Paid on CITI Bank	0.000	0.009
		Interests Paid on Car Loan	0.040	0.030
		Bank Charges	0.001	0.000
		Income Tax (A.Y. 2010-2011)	0.000	0.013
		TDS (A.Y. 2011-12)	0.000	0.027
		Motor Car Insurance	0.000	0.007
		Mediclaim Insurance	0.000	0.005
		TOTAL	0.356	0.367
	NET PROFIT TRANSFERRED TO CAPITAL ACCOUNT		0.536	0.508

DETAILS OF ASSETS

IMMOVABLE PROPERTY

Assets	Own/ Joint Name	Area	Freehold or Leasehold	Location/ Address	Purchase Cost (Rs. In Millions)	Present Value (Approx.) (Rs. In Millions)
Commercial	Mr. Vinesh Kumar Daga	6 KATH A 13 Chitta NK 38 Sq. ft.	Freehold	11/1, B. K. Paul Temple Road, Belur, Howrah, West Bengal, India	0.786	22.000
		1372 Sq. ft.	Freehold	14/20, Carry Road, Howrah, West Bengal, India	0.938	6.000
Total					1.724	28.000

INSURANCE POLICIES

Name of Company and Branch	Policy No.	Date of Issue	Sum Assured (Rs. In Millions)	Annual Premium (Rs. In Millions)	Premium Paid upto What Period
LIC	495032073	28.11.2011	0.040	0.030	Single

SHARES/ DEBENTURE/ MUTUAL FUND ETC.

Name of Company	No. of Shares	Certification No./ A/c No./ Demat Account No.	Whether Fully Paid (Yes/ No)	Current Market Value (Rs. In Millions)
Sandarv Distributors and Sales Private Limited	0.143	--	Yes	2.850
Others Private Limited Companies	0.010	--	Yes	0.100
Demat Statement	--	10030838	Yes	0.366
Total				3.266

VEHICLES

Type of Vehicles	Registration No.	Model	Year of Make	Cost at time of purchase (Approx) (Rs. In Millions)	Present Value (Rs. In Millions)
Tata Manza	WB20Z8485	AURA	2011	0.750	0.735

JEWELLERY

Name	Quantity	Valuation (Approx) (Rs. In Millions)
Gold	400 Gram	1.300
Silver	2 KG	0.110
Others	Receivables/ Advance	2.008

DETAILS OF LIABILITIES

Borrowed from	Purpose of Loan	Amount of Loan (Rs. In Millions)	Outstanding Balance As August 2012 (Rs. In Millions)
ICICI Bank	Personal Loan	0.390	0.068
HDFC Bank	Car Loan	0.577	0.548
Family and Friends	--	--	1.644

LEGAL HEIRS / FAMILY PARTICULARS

Name	Occupation	Relation	Age	Marital Status	Address
Mrs. Manisha Daga	House Wife	Wife	32 years	Married	25, Ramehwar Malia, 1^st Bye Lane, Howrah – 711101, West Bengal, India
Miss. Preesha Daga	Student	Daughter	2 years	--	25, Ramehwar Malia, 1^st Bye Lane, Howrah – 711101, West Bengal, India

BANK ACCOUNT

Bank	Brach	S/B, C/D A/c No.	Present Balance (Rs. In Millions)
ICICI Bank	Burrabazar Branch	627901007395	0.114
Kotak Mahindra Bank	Brabourne Road	03230120005420	0.016
IDBI Bank	--	--	0.017
TOTAL			0.147

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MR. RAVINDRA KUMAR DAGA – (DIRECTOR)

BALANCE SHEET

(RS. IN MILLIONS)

SOURCES OF FUNDS		31.03.2012 (Provisional)	31.03.2011
SHAREHOLDERS FUNDS
1] Share Capital		4.069	3.925
2] Share Application Money		0.000	0.000
3] Reserves & Surplus		0.000	0.000
4] (Accumulated Losses)		0.000	0.000
NETWORTH		4.069	3.925
LOAN FUNDS
1] Secured Loans		0.000	0.000
2] Unsecured Loans		0.100	0.100
TOTAL BORROWING		0.100	0.100
DEFERRED TAX LIABILITIES		0.000	0.000
TOTAL		4.169	4.025
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.080	1.737
Capital work-in-progress		0.000	0.000
LOANS AND ADVANCES And INVESTMENT		3.928	2.271
DEFERREX TAX ASSETS		0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000	0.000
	Sundry Debtors	0.000	0.000
	Cash & Bank Balances	0.161	0.017
	Other Current Assets	0.000	0.000
Total Current Assets		0.161	0.017
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	0.000	0.000
	Other Current Liabilities	0.000	0.000
	Provisions	0.000	0.000
Total Current Liabilities		0.000	0.000
Net Current Assets		0.161	0.017
MISCELLANEOUS EXPENSES		0.000	0.000
TOTAL		4.169	4.025

PROFIT & LOSS ACCOUNT

(RS. IN MILLIONS)

	PARTICULARS		31.03.2012 (Provisional)	31.03.2011
	SALES
		Accounting Charges	0.000	0.066
		Bank Savings A/c Interests	0.000	0.001
		Miscellaneous Receipts	0.085	0.072
		Sandarv Distributors and sales Private Limited	0.114	0.000
		Salary	0.000	0.030
		TOTAL	0.199	0.169
Less	EXPENSES
		Bank Charges	0.001	0.000
		Income Tax (A.Y.10-11)	0.000	0.001
		TOTAL	0.001	0.001
	NET PROFIT		0.198	0.168

DETAILS OF ASSETS

IMMOVABLE PROPERTY

Assets	Own/ Joint Name	Area	Freehold or Leasehold	Location/ Address	Present Value (Approx.) (Rs. In Millions)
Flat House	Ravindra Kumar Daga	550 sq. ft.	Salami Bhada	25, Rameshwar Malia 1^st Bye Lane, Howrah – 700001, West Bengal, India	2.500

SHARES/ DEBENTURE/ MUTUAL FUND ETC.

Name of Company	No. of Shares	Whether Fully Paid (Yes/ No)	Current Market Value (Rs. In Millions)
Sandarv Distributors and Sales Private Limited	52500	Yes	1.050
Others	5000	Yes	0.050

JEWELLERY

Name	Quantity	Valuation (Approx) (Rs. In Millions)
Gold	350 Gram	1.150
Silver	2 KG	0.110
Others	Receivables/ Advance	2.628

DETAILS OF LIABILITIES

Borrowed from	Amount of Loan (Rs. In Millions)	Outstanding Balance As August 2012 (Rs. In Millions)
Family	0.100	0.100

LEGAL HEIRS / FAMILY PARTICULARS

Name	Occupation	Relation	Age	Marital Status	Address
Santosh Devi Daga	House Wife	Mother	67 years	Married	25, Ramehwar Malia, 1^st Bye Lane, Howrah – 711101, West Bengal, India

BANK ACCOUNT

Bank	Brach	S/B, C/D A/c No.	Present Balance 10.08.2012
Dhanlaxmi Bank	Brabourne Road Branch	0206001000005531	101467.02

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DETAILS OF THE DIRECTORS AND THEIR BACKGROUND

Mr. Vinesh Kumar Daga: He is young energetic and dynamic person. He belongs from a business family of Howrah. He is in this field for the last 5 years. He is in the field of Trading in Rice Bran.

Mr. Ravindra Kumar Daga: He is energetic and dynamic person. He belongs from a business family of Howrah. He is in this trade for the last 8 years.

Future Prospect of the Company: In this day the men and women are becoming health conscious. The per capital income of the people are becoming high. Rice Bran Oil is the most preferable health oil. So there is a huge scope for trading of Rice Bran. They are collecting the rice bran from various rice mills through their agents, such as Jain Traders, Maheshwari Agency, Asish Enterprises and they are selling to the oil mills through their agents, such as Om Marketing, Balaji Agro Industries.

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FIXED ASSETS

· Computer

· Furniture

· Office Equipment

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

Information Gathered by :	PJA
Report Prepared by :	NIT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--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	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		43

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.