1. Summary Information

		Country	INDIA
Company Name	LOKWANI SALES PRIVATE LIMITED	Principal Name 1	Mr. Pitambar Lokwani
Status	Moderate	Principal Name 2	Mr. Rajkumar Lokwani
		Registration #	10-14149
Street Address	IIIrd Floor, C/O M/S Lok plaza, Jinsi Marg No. 1, Lashkar, Gwalior-474001, Madhya Pradesh, India
Established Date	31.03.2000	SIC Code	--
Telephone#	Not Available	Business Style 1	--
Fax #	Not Available	Business Style 2	--
Homepage	http://www.esuppliersindia.com	Product Name 1	--
# of employees	Not Available	Product Name 2	--
Paid up capital	Rs. 2,500,000/-	Product Name 3	--
Shareholders	Director 100%	Banking	HDFC BANK
Public Limited Corp.	NO	Business Period	13 YEARS
IPO	NO	International Ins.	-
Public Enterprise	NO	Rating	B (28)
Related Company
Relation	Country	Company Name	CEO
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2012		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	43,727,000	Current Liabilities	45,951,000
Inventories	77,406,000	Long-term Liabilities	72,791,000
Fixed Assets	3,126,000	Other Liabilities	0,000
Deferred Assets	0,000	Total Liabilities	118,742,000
Invest& other Assets	218,000	Retained Earnings	3,235,000
		Net Worth	5,735,000
Total Assets	124,477,000	Total Liab. & Equity	124,477,000
Total Assets (Previous Year)	69,872,000
P/L Statement as of	31.03.2012		(Unit: Indian Rs.)
Sales	252,023,000	Net Profit	314,000
Sales(Previous yr)	216,986,000	Net Profit(Prev.yr)	465,000

MIRA INFORM REPORT

Report Date :

18.04.2013

IDENTIFICATION DETAILS

Name :	LOKWANI SALES PRIVATE LIMITED
Registered Office :	IIIrd Floor, C/O M/S Lok plaza, Jinsi Marg No. 1, Lashkar, Gwalior-474001, Madhya Pradesh
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	31.03.2000
Com. Reg. No.:	10-014149
Capital Investment / Paid-up Capital :	Rs. 2.500 Millions
CIN No.: [Company Identification No.]	U52332MP2000PTC014149
TAN No.: [Tax Deduction & Collection Account No.]	BPLL00609A
PAN No.: [Permanent Account No.]	AAACL6760B
Legal Form :	Private Limited Liability Company.
Line of Business :	Trading of home appliances and consumer electronic goods
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (28)

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

Maximum Credit Limit :	USD 22000
Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. The company’s performance capability seems to below average. Networth of the company is moderate, huge external borrowing recorded by the company. However, trade relations are reported as fair. Payments are reported to be slow. The company can be considered for business dealings with some caution.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – June 30, 2012

Country Name	Previous Rating (31.03.2012)	Current Rating (30.06.2012)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

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 :	IIIrd Floor, C/O M/S Lok plaza, Jinsi Marg No. 1, Lashkar, Gwalior-474001, Madhya Pradesh, India
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	Rohitraju.ca@gmail.com
Website :	www.esuppliersindia.com

DIRECTORS

As on : 29.09.2012

Name :	Mr. Pitambar Lokwani
Designation :	Director
Address :	42, Sindh Vihar Colony, Gwalior– 474 001, Madhya Pradesh, India
Date of Birth/Age :	12.02.1952
Date of Appointment :	31.03.2000
DIN No.:	00421854
Name :	Mr. Rajkumar Lokwani
Designation :	Director
Address :	42, Sindh Vihar Colony, Gwalior– 474 001, Madhya Pradesh, India
Date of Birth/Age :	13.11.1954
Date of Appointment :	31.03.2000
DIN No.:	00421921

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on : 29.09.2012

Names of Shareholders	No. of Shares
Amar Lokwani	1900
Chirag Lokwani	900
Deepak Lokwani	900
Jaya Lokwani	2000
Mayank Lokwani	2000
Mona Lokwani	3000
Neetu Lokwani	500
Nirmala Lokwani	3100
Pitamber Lokwai	3900
Pitambar & Son (Huf)	3000
Prakash Lokwani	1900
Rajkumar Lokwani	1300
Rashim Lokwani	500
Vijay Gabra	100
Total	25000

Equity Share Break up (Percentage of Total Equity)

As on : 29.09.2012

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Trading of home appliances and consumer electronic goods
Brand Names :	Cello, Maharaj, Nirlep, Gopi, Samsung, BPL, Sunflame, Symphany, Usha Lexus.

GENERAL INFORMATION

Bankers :

1. HDFC Bank Limited, HDFC Bank Housesenapati Bapat Marg, Lower Parel (West), Mumbai-400013, Maharashtra, India

2. ICICI BANK

3. Corporation Bank

Facilities :

Rs. In Millions

Secured Loan	31.03.2012	31.03.2011
From Bank
State Bank of Indore (Car Loan) (Repayable in monthly installment of Rs. 17,250/-each alongwith interest. Loan carries interest @15.75% and total 35 installments are due. There was no default in repayment of installment. Loan is secured by hypothecation of car)	0.009	0.183
From Others
TATA Motors Finance (Repayable in monthly installment of Rs.12.624/-each alongwith interest. Loan carries interest @13.6% and total 36 installments are due. There was no default in repayment of installment. Loan is secured by hypothecation of car)	0.297	--
Loans repayable on demand
From Bank Corporate Bank (Secured by Hypothecation of property at Lokplaza) HDFC Bank (Secured by hypothecation of property at Lokplaza)	38.595	25.817
Total	38.901	26.000

Auditors :
Name :	Ashok Vijay Wargiya and Company Chartered Accountants
Address :	Auditax Senior House, Phalke Bazar, Lasjkar, Gwalior – 474 001, Madhya Pradesh, India
Tel. No.:	91-751-2622691
Mobile No.:	91-9425116691
Fax No.:	91-751-2329691
PAN No.:	ABCPV3617P

CAPITAL STRUCTURE

As on : 29.09.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
25000	Equity Shares	Rs. 100/-each	Rs. 2.500 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
25000	Equity Shares	Rs. 100/-each	Rs. 2.500 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		2.500	2.500	2.500
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		3.235	2.920	2.454
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		5.735	5.420	4.954
LOAN FUNDS
1] Secured Loans		38.901	26.000	20.813
2] Unsecured Loans		33.890	24.340	18.313
TOTAL BORROWING		72.791	50.340	39.126
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		78.526	55.760	44.080
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		3.126	2.809	2.250
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.218	0.192	0.000
DEFERRED TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	77.406	35.262	19.943
	Sundry Debtors	30.373	26.685	14.423
	Cash & Bank Balances	4.426	1.446	2.219
	Other Current Assets	4.620	0.430	0.000
	Loans & Advances	4.308	3.048	6.340
Total Current Assets		121.133	66.871	42.925
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	44.618	13.311	0.454
	Other Current Liabilities	1.333	0.801	0.000
	Provisions	0.000	0.000	0.642
Total Current Liabilities		45.951	14.112	1.096
Net Current Assets		75.182	52.759	41.829
MISCELLANEOUS EXPENSES		0.000	0.000	0.001
TOTAL		78.526	55.760	44.080

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income	252.023	216.986	NA
		Other Income	17.068	11.488	NA
		TOTAL	269.091	228.474	NA
Less	EXPENSES
		TOTAL	268.631	228.047	NA
	PROFIT BEFORE TAX		0.460	0.427	NA
Less	TAX		0.146	(0.038)	NA
	PROFIT AFTER TAX		0.314	0.465	NA
	Earnings Per Share (Rs.)		12.56	NA	NA

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	0.13	0.21	NA
Net Profit Margin (PBT/Sales)	(%)	0.17	0.19	NA
Return on Total Assets (PBT/Total Assets}	(%)	0.37	0.61	0.00
Return on Investment (ROI) (PBT/Networth)		0.08	0.08	0.00
Debt Equity Ratio (Total Debt /Networth)		12.69	9.38	7.89
Current Ratio (Current Asset/Current Liability)		2.63	4.73	39.16

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 tWO years	Yes
12]	Profitability for last two years	Yes
13]	Reasons for variation <> 20%	--------------------
14]	Estimation for coming financial year	Yes
15]	Capital in the business	Yes
16]	Details of sister concerns	No
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	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	No
34]	External Agency Rating, if available	No

UNSECURED LOAN :

Rs. In Millions

Particulars	31.03.2012	31.03.2011
Loans and Advances from related parties
From Directors and Shareholders	33.890	24.340
Total	33.890	24.340

Bankers Charges Report as per Registry :

Corporation identity number or foreign company registrations number of the company	U523332MP2000PTC14149
Name of the company	LOKWANI SALES PRIVATE LIMITED
Address	IIIrd Floor, C/O M/S Lok plaza, Jinsi Marg No. 1, Lashkar, Gwalior-474001, Madhya Pradesh, India Email : rohitraju.ca@gmail.com
This Form is for	Modification of charge
Type of Charges	· Book Debts · Movable Property · Floating Charge
Particular of the charge holder	HDFC Bank Limited, HDFC Bank Housesenapati Bapat Marg, Lower Parel (West), Mumbai-400013, Maharashtra, India Email : RBBform8@hdfcbank.com
Nature or description of the instrument creating charge	Supplementary Letter of Hypothecation.
Date of the instrument creating charge	29.10.2012
Amount Secure by the charge	Rs. 43.000 Millions
Brief of the principal terms and conditions and extent and operation of the charge	Rate of Interest : Interest at the rate as may be communicated by the Bank from time to time. Terms of repayment: On Demand Margin: As may be stipulated by the Bank from time to time. Extant and operation of the charge: Hypothecation by way of First Charge on Company's Stocks and Book Debts to secure as a continuing security as mentioned in Column No.15 below for the repayment of Rs.43.000 Millions together with interest, costs, charges, expenses and other moneys due and payable by the Company to the Bank.
Short particulars of the Property charged	Stock-in-trade, consisting of raw materials, goods in process of manufacturing finished goods, and other merchandise whatsoever being movable properties, now --- as per annexure attached. All the debts, that is, all the book debts, outstandings, monies receivables, claims, bills, invoice documents, contracts, guarantees, and rights which are now --- as per annexure attached.
Particulars of the present modification	The Charge shall now stand increased from Rs.40.000 Millions to Rs.43.000 Millions against the security of Stocks and Book Debts of the Company.

OPERATIONAL PERFORMANCE :

During the year ended 31't March 2012, the company have eamed the profit of Rs. 0.460 Million and we are hopefulf or better working and results in the subsequent years.

FIXED ASSETS :

· Air conditioner

· Office Equipments

· Furniture and Fixture

· Vehicles

· Computer

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. 53.94
UK Pound	1	Rs. 82.76
Euro	1	Rs. 71.04

INFORMATION DETAILS

Report Prepared by :

NIS

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--MARGINS	-5~5
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		28

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.