MIRA INFORM REPORT

Report Date :

02.04.2013

IDENTIFICATION DETAILS

Name :	LOVELY INTERNATIONAL PRIVATE LIMITED
Registered Office :	24, Park Street, Anuj Chamber, 3rd Floor, Flat No- 3A, Kolkata – 700016, West Bengal
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	09.06.1999
Com. Reg. No.:	089584
Capital Investment / Paid-up Capital :	Rs. 16.558 Millions
CIN No.: [Company Identification No.]	U20299WB1999PTC089584
PAN No.: [Permanent Account No.]	AAACL5322K
Legal Form :	Private Limited Liability Company
Line of Business :	Trader of Timber
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 1000000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established company having a satisfactory track record. General financial position of the company appears to be good. 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 dealings 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

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	Long Term Rating: BB
Rating Explanation	Moderate risk of default
Date	13.12.2012

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 :	24, Park Street, Anuj Chamber, 3rd Floor, Flat No- 3A, Kolkata – 700016, West Bengal, India
Tel. No.:	91-33-22216979
Fax No.:	Not Available
E-Mail :	abhijit.sinha@lovelygroup.in

DIRECTORS

As on: 29.09.2012

Name :

Mr. Kishan Gopal Biyani

Designation :

Director

Address :

Block D, 58D, New Alipore, Kolkata – 700053, West Bengal, India

Date of Birth/Age :

23.01.1948

Date of Appointment :

19.06.1999

Voter ID No.:

WB\23\150\009076

DIN No.:

00077521

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	U20299WB1999PTC089584	LOVELY INTERNATIONAL PRIVATE LIMITED	Director	19/06/1999	19/06/1999	-	Active	NO
2	U70109WB1995PTC067971	PUKHRAJ ESTATE DEVELOPERS PRIVATE LIMITED	Director	18/02/2003	18/02/2003	-	Active	NO
3	U02005WB2003PTC096047	LOVELY ENTERPRISES PRIVATE LIMITED	Director	11/04/2003	11/04/2003	-	Active	NO
4	U45201WB2005PTC103567	RAJARHAT DEVELOPERS PRIVATE LIMITED	Director	06/06/2005	06/06/2005	-	Active	NO
5	U70101WB2005PTC105793	LOVELY PROMOTERS PRIVATE LIMITED	Director	04/10/2005	04/10/2005	-	Active	NO
6	U45201WB2006PTC107647	SHAGUN RESIDENCY PRIVATE LIMITED	Director	31/01/2006	31/01/2006	-	Active	NO
7	U15531WB2006PTC109804	NATESHWAR TRADE LINK PRIVATE LIMITED	Director	07/06/2006	07/06/2006	-	Active	NO
8	U45200WB2007PTC114268	VAV DEVELOPERS PRIVATE LIMITED	Director	20/03/2007	20/03/2007	25/03/2013	Active	NO
9	U51909WB2007PTC115436	ABHIYAN COMMERCIAL PRIVATE LIMITED	Director	01/05/2007	01/05/2007	-	Active	NO
10	U51109WB2007PTC115507	JASMINE DEALERS PRIVATE LIMITED	Director	04/05/2007	04/05/2007	-	Active	NO
11	U51909WB2007PTC115497	TULIP SALES PRIVATE LIMITED	Director	05/05/2007	05/05/2007	-	Active	NO
12	U51109WB2007PTC116108	SHIVANGAN AGENCIES PRIVATE LIMITED	Director	28/05/2007	28/05/2007	-	Active	NO
13	U01122WB2007PTC117110	LOVELY FLORICULTURE PRIVATE LIMITED	Director	12/07/2007	12/07/2007	-	Active	NO
14	U70100WB2007PTC119423	JASMINE RESIDENCY PRIVATE LIMITED	Director	10/10/2007	10/10/2007	-	Active	NO
15	U70100WB2007PTC119422	BALAJI CONCLAVE PRIVATE LIMITED	Director	10/10/2007	10/10/2007	-	Active	NO
16	U51109WB2008PTC124097	ORCHID VYAPAAR PRIVATE LIMITED	Director	13/03/2008	13/03/2008	-	Active	NO
17	U51909WB2008PTC124251	RAJNIGANDHA TRADECOM PRIVATE LIMITED	Director	18/03/2008	18/03/2008	-	Active	NO
18	U51909WB2008PTC124250	ORCHID COMPLEX PRIVATE LIMITED	Director	18/03/2008	18/03/2008	-	Active	NO
19	U51109WB2008PTC124302	MUSKAN TIE-UP PRIVATE LIMITED	Director	25/03/2008	25/03/2008	-	Active	NO
20	U51109WB2008PTC124276	RUPNARAYAN DEALERS PRIVATE LIMITED	Director	25/03/2008	25/03/2008	-	Active	NO
21	U51109WB2008PTC124274	SUNFLOWER TRADE-LINK PRIVATE LIMITED	Director	25/03/2008	25/03/2008	-	Active	NO
22	U51109WB2008PTC124298	SNOWBERRY VANIJYA PRIVATE LIMITED	Director	25/03/2008	25/03/2008	-	Active	NO
23	U51109WB2008PTC124269	KALAS VINCOM PRIVATE LIMITED	Director	25/03/2008	25/03/2008	19/07/2008	Active	NO
24	U20232WB2008PTC124843	MEGH WOOD INDIA PRIVATE LIMITED	Director	09/04/2008	09/04/2008	-	Active	NO
25	U51109WB2006PTC109289	SUBHLABH VYAPAAR PRIVATE LIMITED	Director	25/09/2008	25/09/2008	-	Active	NO
26	U51109WB2007PTC114371	LAXMIPATI SALE PRIVATE LIMITED	Director	23/10/2009	23/10/2009	-	Active	NO
27	U52100WB2007PTC117187	SAGUN SALES PRIVATE LIMITED	Director	17/05/2010	17/05/2010	-	Active	NO
28	U51109WB2006PTC110070	NILMANI COMMERCE PRIVATE LIMITED	Director	15/06/2010	15/06/2010	-	Active	NO
29	U70101WB2006PTC109730	RAJARHAT PROPERTIES PRIVATE LIMITED	Director	28/07/2010	28/07/2010	-	Active	NO
30	U72900WB2010PTC153637	SIERRA INFORMATION SYSTEMS PRIVATE LIMITED	Director	29/09/2010	29/09/2010	-	Active	NO
31	U70109WB2010PTC155919	LOVELY REAL ESTATE DEVELOPERS PRIVATE LIMITED	Director	18/12/2010	18/12/2010	-	Active	NO
32	U02001AS1989PTC003190	LONGNAK TIMBER INDUSTRIES PRIVATE LIMITED	Director	15/06/2012	15/06/2012	-	Active	NO

Name :

Mrs. Lila Devi Biyani

Designation :

Director

Address :

Block D, 58D, New Alipore, Kolkata – 700053, West Bengal, India

Date of Birth/Age :

20.04.1954

Date of Appointment :

19.06.1999

Voter ID No.:

WB\23\150\009077

DIN No.:

00077574

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	U20299WB1999PTC089584	LOVELY INTERNATIONAL PRIVATE LIMITED	Director	19/06/1999	19/06/1999	-	Active	NO
2	U70109WB1995PTC067971	PUKHRAJ ESTATE DEVELOPERS PRIVATE LIMITED	Director	18/02/2003	18/02/2003	-	Active	NO
3	U02005WB2003PTC096047	LOVELY ENTERPRISES PRIVATE LIMITED	Director	11/04/2003	11/04/2003	-	Active	NO
4	U70101WB2005PTC105793	LOVELY PROMOTERS PRIVATE LIMITED	Director	04/10/2005	04/10/2005	-	Active	NO

Other Directorship:

Name :

Mr. Samir Biyani

Designation :

Director

Address :

Block D, 58D, New Alipore, Kolkata – 700053, West Bengal, India

Date of Birth/Age :

20.08.1974

Date of Appointment :

19.06.1999

Voter ID No.:

WB\23\150\009078

DIN No.:

00077696

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	U20299WB1999PTC089584	LOVELY INTERNATIONAL PRIVATE LIMITED	Director	19/06/1999	19/06/1999	-	Active	NO
2	U70109WB1995PTC067971	PUKHRAJ ESTATE DEVELOPERS PRIVATE LIMITED	Director	18/02/2003	18/02/2003	-	Active	NO
3	U02005WB2003PTC096047	LOVELY ENTERPRISES PRIVATE LIMITED	Director	11/04/2003	11/04/2003	-	Active	NO
4	U45201WB2005PTC103567	RAJARHAT DEVELOPERS PRIVATE LIMITED	Director	06/06/2005	06/06/2005	-	Active	NO
5	U70101WB2005PTC105793	LOVELY PROMOTERS PRIVATE LIMITED	Director	04/10/2005	04/10/2005	-	Active	NO
6	U45201WB2006PTC107647	SHAGUN RESIDENCY PRIVATE LIMITED	Director	31/01/2006	31/01/2006	-	Active	NO
7	U15531WB2006PTC109804	NATESHWAR TRADE LINK PRIVATE LIMITED	Director	07/06/2006	07/06/2006	-	Active	NO
8	U45200WB2007PTC114268	VAV DEVELOPERS PRIVATE LIMITED	Director	20/03/2007	20/03/2007	25/03/2013	Active	NO
9	U51909WB2007PTC115436	ABHIYAN COMMERCIAL PRIVATE LIMITED	Director	01/05/2007	01/05/2007	-	Active	NO
10	U51109WB2007PTC115507	JASMINE DEALERS PRIVATE LIMITED	Director	04/05/2007	04/05/2007	-	Active	NO
11	U51909WB2007PTC115497	TULIP SALES PRIVATE LIMITED	Director	05/05/2007	05/05/2007	-	Active	NO
12	U51109WB2007PTC116108	SHIVANGAN AGENCIES PRIVATE LIMITED	Director	28/05/2007	28/05/2007	-	Active	NO
13	U01122WB2007PTC117110	LOVELY FLORICULTURE PRIVATE LIMITED	Director	12/07/2007	12/07/2007	-	Active	NO
14	U70100WB2007PTC119423	JASMINE RESIDENCY PRIVATE LIMITED	Director	10/10/2007	10/10/2007	-	Active	NO
15	U70100WB2007PTC119422	BALAJI CONCLAVE PRIVATE LIMITED	Director	10/10/2007	10/10/2007	-	Active	NO
16	U51109WB2008PTC124097	ORCHID VYAPAAR PRIVATE LIMITED	Director	13/03/2008	13/03/2008	-	Active	NO
17	U51909WB2008PTC124251	RAJNIGANDHA TRADECOM PRIVATE LIMITED	Director	18/03/2008	18/03/2008	-	Active	NO
18	U51909WB2008PTC124250	ORCHID COMPLEX PRIVATE LIMITED	Director	18/03/2008	18/03/2008	-	Active	NO
19	U51109WB2008PTC124302	MUSKAN TIE-UP PRIVATE LIMITED	Director	25/03/2008	25/03/2008	-	Active	NO
20	U51109WB2008PTC124276	RUPNARAYAN DEALERS PRIVATE LIMITED	Director	25/03/2008	25/03/2008	-	Active	NO
21	U51109WB2008PTC124274	SUNFLOWER TRADE-LINK PRIVATE LIMITED	Director	25/03/2008	25/03/2008	-	Active	NO
22	U51109WB2008PTC124298	SNOWBERRY VANIJYA PRIVATE LIMITED	Director	25/03/2008	25/03/2008	-	Active	NO
23	U51109WB2008PTC124269	KALAS VINCOM PRIVATE LIMITED	Director	25/03/2008	25/03/2008	14/07/2008	Active	NO
24	U20232WB2008PTC124843	MEGH WOOD INDIA PRIVATE LIMITED	Director	09/04/2008	09/04/2008	-	Active	NO
25	U51109WB2006PTC109289	SUBHLABH VYAPAAR PRIVATE LIMITED	Director	25/09/2008	25/09/2008	-	Active	NO
26	U51109WB2007PTC114371	LAXMIPATI SALE PRIVATE LIMITED	Director	23/10/2009	23/10/2009	-	Active	NO
27	U74930WB2010PTC144284	ANUJ CHAMBERS RESIDENTS WELFARE PRIVATE LIMITED	Director	23/03/2010	23/03/2010	-	Active	NO
28	U93000WB2010NPL145004	RAIKVA OWNERS' ASSOCIATION	Director	09/04/2010	09/04/2010	-	Active	NO
29	U52100WB2007PTC117187	SAGUN SALES PRIVATE LIMITED	Director	17/05/2010	17/05/2010	-	Active	NO
30	U51109WB2006PTC110070	NILMANI COMMERCE PRIVATE LIMITED	Director	15/06/2010	15/06/2010	-	Active	NO
31	U70101WB2006PTC109730	RAJARHAT PROPERTIES PRIVATE LIMITED	Director	28/07/2010	28/07/2010	-	Active	NO
32	U72900WB2010PTC153637	SIERRA INFORMATION SYSTEMS PRIVATE LIMITED	Director	29/09/2010	29/09/2010	-	Active	NO
33	U70109WB2010PTC155919	LOVELY REAL ESTATE DEVELOPERS PRIVATE LIMITED	Director	18/12/2010	18/12/2010	-	Active	NO
34	U02001AS1989PTC003190	LONGNAK TIMBER INDUSTRIES PRIVATE LIMITED	Director	15/06/2012	15/06/2012	-	Active	NO
35	U70109WB2012PTC180094	LADYMOON NIWAS PRIVATE LIMITED	Director	21/03/2013	21/03/2013	-	Active	NO

Name :

Mr. Aditya Maheshwari

Designation :

Director

Address :

Prasad Residency, 8/10 Alipore Park Road, Kolkata – 700027, West Bengal, India

Date of Birth/Age :

14.07.1977

Date of Appointment :

09.06.2012

DIN No.:

00393359

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	U27109WB2004PTC097565	PRABHU INTERNATIONAL VYAPAR PRIVATE LIMITED	Director	02/01/2004	02/01/2004	-	Active	NO
2	U20299WB1999PTC089584	LOVELY INTERNATIONALPRIVATE LIMITED	Director	09/06/2012	09/06/2012	-	Active	NO

Name :

Mr. Vinay Daga

Designation :

Director

Address :

26, Kali Krishna Tagore Street, Kolkata – 700007, West Bengal, India

Date of Birth/Age :

30.06.1968

Date of Appointment :

04.05.2012

DIN No.:

02019060

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	U34200WB2008PTC124273	GLIX AUTOCARE PRIVATE LIMITED	Director	19/03/2008	19/03/2008	-	Active	NO
2	U34100WB2008PTC125810	MARKS N GLIX MOTORS PRIVATE LIMITED	Director	17/05/2008	17/05/2008	-	Active	NO
3	U50100WB2009PTC138674	MARKS N GLIX AUTOMOTIVES PRIVATE LIMITED	Director	18/08/2010	18/08/2010	-	Active	NO
4	U50103WB2011PTC163832	AUTO TRENDZ IMPEX PRIVATE LIMITED	Director	16/06/2011	16/06/2011	-	Active	NO
5	U20299WB1999PTC089584	LOVELY INTERNATIONA LPRIVATE LIMITED	Director	04/05/2012	04/05/2012	-	Active	NO

Name :

Mr. Abhishek Daga

Designation :

Director

Address :

8/3B, Alipore Park Road, Kolkata – 700027, West Bengal, India

Date of Birth/Age :

27.11.1974

Date of Appointment :

04.05.2012

DIN No.:

02019062

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	U34200WB2008PTC124273	GLIX AUTOCARE PRIVATE LIMITED	Director	19/03/2008	19/03/2008	-	Active	NO
2	U34100WB2008PTC125810	MARKS N GLIX MOTORS PRIVATE LIMITED	Director	17/05/2008	17/05/2008	-	Active	NO
3	U50100WB2009PTC138674	MARKS N GLIX AUTOMOTIVES PRIVATE LIMITED	Director	18/08/2010	18/08/2010	-	Active	NO
4	U20299WB1999PTC089584	LOVELY INTERNATIONAL PRIVATE LIMITED	Director	04/05/2012	04/05/2012	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 29.09.2012

Names of Shareholders	No. of Shares
Samir Biyani	57850
Kishan Gopal Biyani	162600
Lila Devi Biyani	206350
Kishan Gopal Biyani (HUF)	60000
Varsha Biyani	60000
Lovely Promoters Private Limited, India	489000
Allan Niketan Private Limited, India	45000
Sagun Sales Private Limited, India	220500
Rajarhat Developers Private Limited, India	205000
Rupnarayan Dealers Private Limited, India	143500
Lovely Floriculture Private Limited, India	6000
Total	1655800

Equity Share Break up (Percentage of Total Equity)

As on: 29.09.2012

Category	Percentage
Bodies corporate	67.00
Directors or relatives of Directors	33.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Trader of Timber

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

· State Bank of India, Overseas Branch, Samriddhi Bhavan, Block – A, 1, Strand Road, Kolkata – 700001, West Bengal, India

· Andhra Bank, Chowtinghee Road Branch, 58 Chowtinghee Road, Kolkata – 700071, West Bengal, India

Facilities :

(Rs. In Millions)

Secured Loan	As on 31.03.2012	As on 31.03.2011
Working capital loans from banks (Hypothecation of stocks, book debts)	400.305	160.702
Loans taken for fixed assets (Hypothecation of Motor Car)	0.884	0.000
Total	401.189	160.702

Banking Relations :	--
Auditors :
Name :	A. K. Saraf and Associates Chartered Accountants
Address :	85, Metcalfe Street, Kolkata – 700013, West Bengal, India
PAN.:	AADCS2458G
Associates :	· Lovely Transport Corporation · Lovely Promoters Private Limited CIN No.: U70101WB2005PTC105793 · Lovely Enterprises Private Limited CIN No.: U02005WB2003PTC096047 · Shublabh Vyapaar Private Limited CIN No.: U51109WB2006PTC109289 · Pukhraj Estate Developers Private Limited CIN No.: U70109WB1995PTC067971 · Laxmipati Sale Private Limited CIN No.: U51109WB2007PTC114371

CAPITAL STRUCTURE

As on: 31.03.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
2000000	Equity Shares	Rs.10/- each	Rs. 20.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1655800	Equity Shares	Rs.10/- each	Rs. 16.558 Millions

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		16.558	15.308	12.593
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		314.157	258.046	189.668
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		330.715	273.354	202.261
LOAN FUNDS
1] Secured Loans		401.189	160.702	220.112
2] Unsecured Loans		0.00	5.000	5.000
TOTAL BORROWING		401.189	165.702	225.112
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		731.904	439.056	427.373
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		2.302	1.705	2.454
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		2.999	3.500	3.001
DEFERREX TAX ASSETS		0.000	0.000	0.000
OTHER NON CURRENT ASSETS		0.030	0.038
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	195.926	111.758	148.730
	Sundry Debtors	578.312	513.256	433.872
	Cash & Bank Balances	50.015	44.275	20.737
	Other Current Assets	0.000	0.000	2.910
	Loans & Advances	229.263	12.794	40.893
Total Current Assets		1053.516	682.083	647.142
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	315.099	241.176	185.747
	Other Current Liabilities	2.311	2.587	24.300
	Provisions	9.533	4.507	15.177
Total Current Liabilities		326.943	248.270	225.224
Net Current Assets		726.573	433.813	421.918
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		731.904	439.056	427.373

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Gross Revenue	1761.892	1691.220	1472.734
		Other Income
		TOTAL	1761.892	1691.220	1472.734
Less	EXPENSES
		Office Expenses	1711.831	1665.331	1450.650
		Administrative Expenses
		Advertising Expenses
		TOTAL	1711.831	1665.331	1450.650
	PROFIT BEFORE TAX		50.061	25.889	22.084
Less	TAX		17.700	9.095	8.050
	PROFIT AFTER TAX		32.361	16.794	14.034
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		56.852	40.058	26.024
	BALANCE CARRIED TO THE B/S		89.213	56.852	40.058
	TOTAL IMPORTS		162.930	(160.506)	275.866
	Earnings Per Share (Rs.)		19.54	10.97	11.14

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	1.84	0.99	0.95
Return on Total Assets (PBT/Total Assets}	(%)	.4.74	3.78	3.40
Return on Investment (ROI) (PBT/Networth)		0.15	0.09	0.11
Debt Equity Ratio (Total Debt /Networth)		1.21	0.61	1.11
Current Ratio (Current Asset/Current Liability)		3.22	2.75	2.87

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 three 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	Yes
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]	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	Yes
34]	External Agency Rating, if available	Yes

OPERATIONS

During the year the company was involved in trading of timber. The company achieved a turnover of Rs. 1761.892 Millions and earned an operating profit of Rs.50.061 Millions.

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	U20299WB1999PTC089584
Name of the company	LOVELY INTERNATIONAL PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	24, Park Street, Anuj Chamber, 3rd Floor, Flat No- 3A, Kolkata – 700016, West Bengal, India E-mail Id : abhijit.sinha@lovelygroup.in
This form is for	Modification of charge
Charge identification (ID) number of the charge to be modified	10040553
Type of charge	· Book debts · Movable property (not being pledge) · Floating charge · Others (All other Current Assets)
Particular of charge holder	State Bank of India, Overseas Branch, Samriddhi Bhavan, Block – A, 1, Strand Road, Kolkata – 700001, West Bengal, India E-mail Id : sbiobcal@cal3.vsnl.net.in
Nature of instrument creating charge	Letter Regarding the Grant of Individual Limits within the Overall Limit
Date of instrument Creating the charge	23.06.2012
Amount secured by the charge	Rs.764.600 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest Cash Credit: At 4.50% above Base Rate, effective rate 14.50% at present (present Base Rate 10.00%). Terms of Repayment Working Capital limit is repayable on Demand. Margin As stipulated by the Bank for the respective assets from time to time. Cash Credit : Stock-in-Trade : 25%, Receivables (Domestic) : 35% (cover period of receivables 120 days against 25 major debtors) Letter of Credit (cover Maximum 180 days for Import LCs, 90 days for Inland LCs) : 10% (additional 15% built up margin to be obtained at the end of 4th month) Remaining 75% at the time of payments of Bill under LC. Extent and Operation of the charge The charge operates as first charge basis on the whole of the hypothecated current assets of the Company, both present and future to secure the maximum amount under the said charge fixed at Rs.764.600 Millions together with interest, costs and charges thereon. Others The Borrower shall not do or allow anything which may prejudice the security and shall comply with the terms and conditions of the Agreements. The overall limit is also secured by corporate guarantee of M/s. Shivangan Agencies Private Limited, M/s. Pukhraj Estate Developers Private Limited, M/s. Shagun Residency Private Limited, M/s. Lovely Promoters Private Limited and M/s. Snow Berry Vanijya Private Limited.
Short particulars of the property or asset(s) charged (including complete address and location of the property)	Hypothecation of stock in trade of the Company including stocks at Sea Ports, stocks at Company's sstockyard (godown) goods in transit, goods with Company's agents/representatives, sundry debtors and receivables, both present future.
Date of instrument modifying the charge	15.03.2011
Particulars of the present modification	By this modification, the overall limit is reduced from Rs.784.000 Millions to Rs.764.600 Millions as stated under and charge on hypothecated current assets of the Company extended to secure the overall limit together with interest, costs and charges thereon: CC : Rs.400.000 Millions LOC/LOU : (Rs.130.000 Millions) LC : Rs.280.000 Millions IBD (under LC) : Rs.75.000 Millions Forward Contract: Rs.9.600 Millions. All other terms and conditions continue to remain as before in full force and effect.

UNSECURED LOAN

(Rs in Millions)

Particular	As on 31.03.2012	As on 31.03.2011
Other loans and advances	0.000	5.000
Total	0.000	5.000

CONTINGENT LIABILITIES

(Rs in Millions)

Particular	31.03.2012	31.03.2011
Letter of Credit outstanding with State Bank of India, Overseas Branch, Kolkata.	253.774	222.639
Bank Guarantee issued to The Commissioner-Cum -Secretary, Department of Commerce and Transport, Government of Orissa.	0.300	0.300

FIXED ASSETS:

· Plant and equipment

· Furniture and fixtures

· Vehicles

· Office equipment

· Computer equipments

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 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. 54.39
UK Pound	1	Rs. 82.32
Euro	1	Rs. 69.54

INFORMATION DETAILS

Report Prepared by :

UDS

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
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	4
--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	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
--DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
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	-

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.