MIRA INFORM REPORT

Report Date :

10.04.2013

IDENTIFICATION DETAILS

Name :	CONSUMER MARKETING (INDIA) PRIVATE LIMITED
Registered Office :	30, Omkar House, C. G. Road, Navrangpura, Ahmedabad – 380009, Gujarat
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	02.04.2002
Com. Reg. No.:	04-040595
Capital Investment / Paid-up Capital :	Rs. 1.000 Million
CIN No.: [Company Identification No.]	U51909GJ2002PTC040595
Legal Form :	Private Limited Liability Company
Line of Business :	Trader and Importer of Olive Oil.
No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

Ba (49)

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

Maximum Credit Limit :	USD 165000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established company having a satisfactory track record. Even though the turnover of the company has increased during 2012, there appears some dip in the profits. However, trade relations are reported as fair. Business is active. Payments are reported to be usually correct and as per commitments. The company can be considered normal 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.

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. Rajesh
Designation :	Accounts Executive
Contact No.:	91-79-28501800
Date :	09.04.2013

LOCATIONS

Registered Office :	30, Omkar House, C. G. Road, Navrangpura, Ahmedabad – 380009, Gujarat, India
Tel. No.:	91-79-26462539/ 28501800
Fax No.:	91-79-26563388
E-Mail :	yashwantanekar@yahoo.co.in opbhandarica@gmail.com office@cmipl.net
Website :	www.cmipl.net
Area :	1000 Sq. Ft.
Location :	Owned
Administrative Office :	201, Dhanthak Plaza, Makwana Road, Marol, Andheri (East), Mumbai – 400059, Maharashtra, India
Tel. No.:	91-22-22076359
Fax No.:	91-22-22077637
Email :	sales@cmipl.net

DIRECTORS

AS ON 29.09.2012

Name :	Mrs. Lalitadevi Balkishan Adukia
Designation :	Director
Address :	9, Hundiwala Apartments, Copry Colony, Thane (East) - 400603, Maharashtra, India
Date of Appointment :	02.04.2002
DIN No.:	00080571
Name :	Mr. Balkishan Madanlal Adukia
Designation :	Director
Address :	9, Hundiwala Apartments, Copry Colony, Thane (East) - 400603, Maharashtra, India
Date of Appointment :	03.07.2006
DIN No.:	00080662
Name :	Mr. Mangi Lal Damodar Lal Sharma
Designation :	Director
Address :	Banwarilal Natwarlal, Salasar, Churu -331504, Rajasthan, India
Date of Appointment :	08.02.2008
DIN No.:	02010061
Name :	Mr. Natwar Lal Sharma
Designation :	Director
Address :	Salasar, Thesil Sujangadh, District Churu, Sujangadh - 331504, Rajasthan, India
Date of Appointment :	08.02.2008
DIN No.:	02010163

KEY EXECUTIVES

Name :	Mr. Rajesh
Designation :	Accounts Executive

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 29.09.2012

Names of Shareholders	No. of Shares
Lalitadevi Balkishan Adukia	95000
Balkishan Madanlal Adukia	5000
Total	100000

AS ON 29.09.2012

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

BUSINESS DETAILS

Line of Business :	Trader and Importer of Olive Oil.
Imports :
Products :	Olive Oil
Countries :	Ø Spain Ø Italy
Terms :
Selling :	Cash and Credit [30 Days]
Purchasing :	Cash and Credit [30 Days]

GENERAL INFORMATION

Customers :

Wholesalers and Retailers

No. of Employees :

Information declined by the management

Bankers :

Ø ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri, Baroda - 390015, Gujarat, India

Ø CITI Bank

Facilities :

Secured Loans	31.03.2012	31.03.2011
Loan -From Bank	(Rs. In Millions)
Term Loan from Banks
-ICICI Bank	0.000	0.000
-CITI Bank	8.549	9.554
Vehicle Loan - ICICI Bank	1.514	2.230
Total	10.063	11.784
Security provided :- Hypothecation of office premises, residential premises and motor car

Banking Relations :	--
Auditors :
Name :	O. P. Bhandari and Company Chartered Accountants
Address :	30, Omkar House, C. G. Road, Navrangpura, Ahmedabad – 380009, Gujarat, India
Income-tax PAN of auditor or auditor's firm :	AAAFO6762H

CAPITAL STRUCTURE

AS ON 31.03.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
100,000	Equity Shares	Rs. 10/- each	Rs. 1.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
100,000	Equity Shares	Rs. 10/- each	Rs. 1.000 Million

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		1.000	1.000	1.000
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		40.300	32.590	20.444
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		41.300	33.590	21.444
LOAN FUNDS
1] Secured Loans		10.063	11.784	26.738
2] Unsecured Loans		0.000	0.000	0.000
TOTAL BORROWING		10.063	11.784	26.738
DEFERRED TAX LIABILITIES		0.297	0.364	0.563
TOTAL		51.660	45.738	48.745
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		49.643	51.520	47.110
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.034	0.034	0.034
DEFERRED TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	92.366	71.625	74.232
	Sundry Debtors	7.745	8.398	20.032
	Cash & Bank Balances	7.354	8.927	31.937
	Other Current Assets	0.000	0.004	0.792
	Loans & Advances	35.722	17.775	9.669
Total Current Assets		143.187	106.729	136.662
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	118.687	88.406	117.346
	Other Current Liabilities	16.585	21.208	13.254
	Provisions	5.932	2.931	4.470
Total Current Liabilities		141.204	112.545	135.070
Net Current Assets		1.983	(5.816)	1.592
MISCELLANEOUS EXPENSES		0.000	0.000	0.009
TOTAL		51.660	45.738	48.745

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Revenue from operations	831.051	725.467	661.707
		Other Income	0.810	0.857	13.509
		TOTAL (A)	831.861	726.324	675.216
Less	EXPENSES
		Purchase of stock in trade	404.194	316.337
		Changes in inventories of finished goods work-in-progress and Stock-in-Trade	(20.741)	2.608
		Employee benefits expense	31.209	25.625
		Other expenses	399.340	363.061
		TOTAL (B)	814.002	707.631	665.283
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		17.859	18.693	9.933
Less	FINANCIAL EXPENSES (D)		1.921	2.375	2.636
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		15.938	16.318	7.297
Less/ Add	DEPRECIATION/ AMORTISATION (F)		2.599	3.132	1.113
	PROFIT BEFORE TAX (E-F) (G)		13.339	13.186	6.184
Less	TAX (H)		4.467	(0.122)	4.502
	PROFIT AFTER TAX (G-H) (I)		8.872	13.308	1.682
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		25.881	17.062	16.970
Less	APPROPRIATIONS
		Dividend on Equity Shares	1.000	1.000	1.000
		Dividend distribution tax	0.162	0.162	0.170
		Transfer to General Reserve	2.500	3.327	0.420
	BALANCE CARRIED TO THE B/S		31.091	25.881	17.062
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	0.000	0.000	11.190
	C.I.F. VALUE OF IMPORTS		311.019	297.146	305.357
	Earnings Per Share (Rs.)		88.72	133.08	16.82

Expected Sales (2012-2013): Rs. 1000.000 Millions

The above information has been parted by Mr. Rajesh (Accounts Executive)

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	1.07	1.83	0.25
Net Profit Margin (PBT/Sales)	(%)	1.61	1.82	0.93
Return on Total Assets (PBT/Total Assets}	(%)	6.92	8.33	3.37
Return on Investment (ROI) (PBT/Networth)		0.32	0.39	0.29
Debt Equity Ratio (Total Debt/Networth)		0.24	0.35	1.25
Current Ratio (Current Asset/Current Liability)		1.01	0.95	1.01

LOCAL AGENCY FURTHER INFORMATION

SUNDRY CREDITORS DETAILS:

Particulars	31.03.2012	31.03.2011	31.03.2010
Sundry Creditors	(Rs. In Millions)
- For Goods		86.634	78.412
- For Expenses		1.772	38.934
Total	118.687	88.406	117.346

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	No
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)	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	Yes
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	U51909GJ2002PTC040595
Name of the company	CONSUMER MARKETING (INDIA) PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	30, Omkar House, C. G. Road, Navrangpura, Ahmedabad – 380009, Gujarat, India Email: opbhandarica@gmail.com
This form is for	Modification of charge
Charge identification number of the modified	10405345
Type of charge	Immovable property Book debts Movable property (not being pledge) Others [stock and Current Assets]
Particular of charge holder	ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri, Baroda - 390015, Gujarat, India Email: shanthi.venkatesan@icicibank.com CIN No.: L65190GJ1994PLC021012
Nature of description of the instrument creating or modifying the charge	No instrument was executed but on January, 31^st 2013 mortgage was created by way of deposit of title deeds by Consumer Marketing India Private Limited (Borrower) in favour of ICICI Bank Limited India for securing its Working Capital facility of INR 160.000 million.
Date of instrument Creating the charge	31.01.2013
Amount secured by the charge	Rs. 160.000 Millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest As per sanction terms Terms of Repayment As per sanction terms Margin As per sanction terms Extent and Operation of the charge Exclusive charge on moveable fixed assets and all the current assets of the Company Exclusive charge by way of mortgage on the immovable property situated at 201, Dhanthak Plaza, Makwana Road, Marol, Andheri (East), Mumbai - 400059,Maharashtra and C-22/23, Jai Mata Di Compound, Kalher Village, Bhiwandi, District Thane 421302. Others As per sanction terms
Short particulars of the property charged	Property situated at 201, Dhanthak Plaza, Makwana Road, Marol, Andheri (East), Mumbai 400059, Maharashtra. Property situated at C 22 and 23, Jai Mata Di Compound, Kalher Village, Bhiwandi, District Thane 421302. entire movable fixed assets of the Company, both present & future company's entire stocks of raw materials, semi-finished and finished goods, consumable stores and spares and such other movables Including book-debts, bills whether documentary or clean, outstanding monies, receivables, both present and future,
Particulars of the present modification	present modification is done to register exclusive charge created on Property situated at 201, Dhanthak Plaza, Makwana Road, Marol, Andheri (East), Mumbai 400059, Maharashtra and C 22 and 23, Jai Mata Di Compound, Kalher Village, Bhiwandi, District Thane 421302 owned by Consumer Marketing India Private Limited. Earlier charge created on Moveable Fixed Assets, stock and Current Assets remain intact.

FIXED ASSETS

Ø Office Premises

Ø Furniture Fixture

Ø Computer and software

Ø Office Equipments

Ø Air Conditioner

Ø Motor Car

Ø Residential Flat

Ø Warehouse Premises

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. 54.46
UK Pound	1	Rs. 83.13
Euro	1	Rs. 70.99

INFORMATION DETAILS

Information Gathered by :	JML
Report Prepared by :	BVA

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	6
--LEVERAGE	1~10	6
--RESERVES	1~10	7
--CREDIT LINES	1~10	6
--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
DEFAULTERS
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		49

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.