1. Summary Information

		Country	India
Company Name	ADISHWAR INDIA LIMITED	Principal Name 1	Mr. Paras Premraj Jain
Status	Satisfactory	Principal Name 2	Mr. Nirmal Premraj Jain
		Registration #	08-021681
Street Address	#146, 11^th ‘C’ Cross, 1^st Main, 2^nd Stage, West of Chord Road, Bangalore – 560 086, Karnataka
Established Date	21.01.1997	SIC Code	--
Telephone#	91-80-40733999	Business Style 1	Trader
Fax #	91-80-23594310	Business Style 2	--
Homepage	www.adishwarindia.com www.adishwarestores.com	Product Name 1	Consumer Durables
# of employees	100 (Approximately)	Product Name 2	House Hold Articles
Paid up capital	Rs.79,408,000/-	Product Name 3	Electronic Appliances
Shareholders	Directors or relatives of directors 100.00%	Banking	HDFC Bank Limited
Public Limited Corp.	No	Business Period	16 Years
IPO	No	International Ins.	-
Public Enterprise	No	Rating	Ba (45)
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	184,621,000	Current Liabilities	61,179,000
Inventories	560,701,000	Long-term Liabilities	454,598,000
Fixed Assets	251,499,000	Other Liabilities	26,441,000
Deferred Assets	6,339,000	Total Liabilities	542,218,000
Invest& other Assets	2,407,000	Retained Earnings	383,941,000
		Net Worth	463,349,000
Total Assets	1,005,567,000	Total Liab. & Equity	1,005,567,000
Total Assets (Previous Year)	1,011,581,000
P/L Statement as of	31.03.2012		(Unit: Indian Rs.)
Sales	3,111,313,000	Net Profit	72,595,000
Sales(Previous yr)	3,167,813,000	Net Profit(Prev.yr)	76,114,000

MIRA INFORM REPORT

Report Date :

20.04.2013

IDENTIFICATION DETAILS

Name :	ADISHWAR INDIA LIMITED
Formerly Known As :	ADISHWAR MARKETING LIMITED
Registered Office :	#146, 11^th ‘C’ Cross, 1^st Main, 2^nd Stage, West of Chord Road, Bangalore – 560 086, Karnataka
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	21.01.1997
Com. Reg. No.:	08-021681
Capital Investment / Paid-up Capital :	Rs.79.408 Millions
CIN No.: [Company Identification No.]	U51909KA1997PLC021681
TAN No.: [Tax Deduction & Collection Account No.]	BLRA05081G
PAN No.: [Permanent Account No.]	AABCA4663P
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Trading of Consumer Durables, House Hold Articles, Electronic Appliances and Home Appliances.
No. of Employees :	100 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (45)

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

Maximum Credit Limit :	USD 1850000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having a satisfactory track record. 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 normal business dealings at usual trade terms and condition.

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

EXTERNAL AGENCY RATING

Rating Agency Name	CARE
Rating	BBB – [Long Term Bank Facilities]
Rating Explanation	Having moderate degree of safety regarding timely servicing of financial obligation it carry moderate credit risk.
Date	February 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/ Corporate Office :	#146, 11^th ‘C’ Cross, 1^st Main, 2^nd Stage, West of Chord Road, Bangalore – 560 086, Karnataka, India
Tel. No.:	91-80-40733999/ 98/ 23594311/ 12/ 13
Fax No.:	91-80-23594310/ 40733997
E-Mail :	info@adishwarindia.com avenueroadbr@ingvysybank.com paras@bgl.vsnl.net.in geetha_mohanmurali@rediffmail.com
Website :	www.adishwarindia.com www.adishwarestores.com
Branch Office :	Located At: v Rajajinagar v BSK Kathriguppe v Chandra Layout v Ganganagar v HRBR Layout v Jayanagar v Domlur v Marathahalli v H.S.R. Layout v Ramamurthy Nagar v Yeshwanthpur v Sarjapur Road v Nagarbhavi v Sunkadakatte v Puttenahalli v Peenya Warehouse
Showrooms :	Located At: v Banashankari v Infantry Road, Bangalore v Malleswaram, Bangalore v Rajajinagar v Ring Road, Banashankari v Marathahalli v Bannerghatta Road v Mysore v Belgaum v Mangalore v Kolar v Hyderabad – Kondapur v Sainikpuri v Miyapur v Chennai – Kilpauk v Saligramam

DIRECTORS

AS ON 26.09.2012

Name :

Mr. Paras Premraj Jain

Designation :

Chairman cum Managing Director

Address :

No.11/7, Jolly Apartments, N.S. Iyengar Street, Sheshadripuram, Bangalore – 560 020, Karnataka, India

Date of Birth/Age :

30.04.1969

Qualification :

Graduate

Date of Appointment :

01.04.2008

PAN No.:

ABGPJ5656C

DIN No.:

02063077

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	U51909KA1997PLC021681	ADISHWAR INDIA LIMITED	Managing director	01/04/2008	21/01/1997	-	Active	NO

Name :

Mr. Nirmal Premraj Jain

Designation :

Whole- time director

Address :

No.11, Jolly Apartments, N.S. Iyengar Street, Sheshadripuram, Bangalore – 560 020, Karnataka, India

Date of Birth/Age :

13.12.1974

Qualification :

Graduate

Date of Appointment :

01.04.2008

PAN No.:

ABYPK7139B

DIN No.:

01635340

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	U51909KA1997PLC021681	ADISHWAR INDIA LIMITED	Whole-time director	01/04/2008	21/01/1997	-	Active	NO

Name :

Mr. Premraj Jain

Designation :

Director

Address :

No.11, Jolly Apartments, N.S. Iyengar Street, Sheshadripuram, Bangalore – 560 020, Karnataka, India

Date of Birth/Age :

10.10.1937

Qualification :

Graduate

Date of Appointment :

28.09.2011

PAN No.:

ACEPP3075E

DIN No.:

02227248

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	U51909KA1997PLC021681	ADISHWAR INDIA LIMITED	Director	28/09/2011	21/01/1997	-	Active	NO

Name :

Mrs. Kanchan Devi

Designation :

Director

Address :

No.11, Jolly Apartments, N.S. Iyengar Street, Sheshadripuram, Bangalore – 560 020, Karnataka, India

Date of Birth/Age :

18.08.1971

Qualification :

Graduate

Date of Appointment :

28.09.2011

PAN No.:

AAYPD4887C

DIN No.:

02063134

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	U51909KA1997PLC021681	ADISHWAR INDIA LIMITED	Director	28/09/2011	21/01/1997	-	Active	NO

Name :

Mrs. Manjula Devi

Designation :

Director

Address :

No.11, Jolly Apartments, N.S. Iyengar Street, Sheshadripuram, Bangalore – 560 020, Karnataka, India

Date of Birth/Age :

29.07.1976

Qualification :

Graduate

Date of Appointment :

28.09.2011

PAN No.:

ABQPM2138L

DIN No.:

02486120

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	U51909KA1997PLC021681	ADISHWAR INDIA LIMITED	Director	28/09/2011	15/01/2003	-	Active	NO

Name :

Mr. Girish Amritlal Chouhan

Designation :

Director

Address :

No.66/2, 3^rd Main, 5^th Cross, Chamrajpet, Bangalore – 560 018, Karnataka, India

Date of Birth/Age :

25.12.1976

Qualification :

Graduate

Date of Appointment :

08.08.2007

DIN No. :

01461924

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	U51909KA1997PLC021681	ADISHWAR INDIA LIMITED	Director	08/08/2007	02/10/2006	-	Active	NO

Name :

Mr. Ravindra Kudpi

Designation :

Director

Address :

No.23, Akshara, 4^th Main, 4^th Cross, Gourava Nagar, J.P. Nagar, 7^th Phase, Bangalore – 560 078, Karnataka, India

Date of Birth/Age :

08.01.1960

Qualification :

Graduate

Date of Appointment :

08.08.2007

DIN No. :

01461953

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	U51909KA1997PLC021681	ADISHWAR INDIA LIMITED	Director	08/08/2007	02/10/2006	-	Active	NO
2	U72200KA2008PTC046111	QUERYTECH SYSTEMS INDIA PRIVATE LIMITED	Director	17/04/2008	17/04/2008	-	Under Process of Striking off	NO

Name :

Mr. Joitkumar Bhomchand Jain

Designation :

Director

Address :

New Municipal Building, Flat No.12, 1^st Floor, Mumbai – 400 008, Maharashtra, India

Date of Birth/Age :

05.01.1965

Qualification :

Graduate

Date of Appointment :

27.09.2010

PAN No.:

AABPJ9794M

DIN No. :

01526858

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	U31200GA1992PLC002357	CENZER INDUSTRIES LIMITED	Managing director	04/05/2009	07/12/1992	-	Active	NO
2	U45400MH2002PTC136248	CENZER INFRASTRUCTURE PRIVATE LIMITED	Director	19/06/2002	19/06/2002	-	Active	NO
3	U31400MH2009PTC190705	BISTEC LITECH INDUSTRIES PRIVATE LIMITED	Managing director	04/03/2009	04/03/2009	31/03/2012	Active	NO
4	U51909KA1997PLC021681	ADISHWAR INDIA LIMITED	Director	27/09/2010	01/10/2009	-	Active	NO
5	U33301DL2005PTC138855	J AND J WATCHELECTRO MFG PRIVATE LIMITED	Additional director	07/12/2010	07/12/2010	20/12/2010	Active	NO

KEY EXECUTIVES

Name :	Mrs. Geetha Mani Jayavaram
Designation :	Secretary
Address :	No.6152, 6^th Block, Janapriya Bharath Enclave, Sunkadakatte, Vishwaneedam Post, Bangalore – 560 091, Karnataka, India
Date of Birth/Age :	10.06.1974
Date of Appointment :	28.06.2007
PAN No.:	AHQPJ1848J

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 26.09.2012

Names of Shareholders	No. of Shares
Paras Jain	1998925
Premraj Jain	916100
Nirmal Jain	1918700
Kanchan Devi	1167050
Manju Devi	1295100
Bhoormal Tated	1700
Bhavari Devi	643250
TOTAL	7940825

AS ON 26.09.2012

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

BUSINESS DETAILS

Line of Business :

Trading of Consumer Durables, House Hold Articles, Electronic Appliances and Home Appliances.

Products :

· Watches

· Men’s Wear

· Women’s Wear

· Cook Wears

· Travel Luggage

· Electrical Items

· Home Appliances

· Kitchen Appliances

· Lifestyle Products

· Other Gadgets

Item Code	Product Description
CD 0001	Consumer durables
EG 0001	Electronic goods

GENERAL INFORMATION

No. of Employees :

100 (Approximately)

Bankers :

v HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400 013, Maharashtra, India

v Axis Bank Limited, Trishul, 3^rd Floor, Opposite Samartheshwar Temple, Law Garden, Eills Bridge, Ahmedabad – 380 006, Gujarat, India

v ICICI Bank Limited

v ING Vysya Bank

v Canara Bank, Kasargod

v HDFC Bank Limited - Mysore

v HDFC Bank Limited - Mangalore

v HDFC Bank Limited - Kilpauk

v HDFC Bank Limited - Belgaum

v HDFC Bank Limited - Davangere

v HDFC Bank Limited – S.R. Nagar

v HDFC Bank Limited - Hassan

v HDFC Bank Limited - Vadapalani

v State Bank of India - Basaveshwanagar

v State Bank of India - Gadag

v State Bank of India - Kollegal

v State Bank of India - Chickmangalore

v State Bank of India - Tiptur

v State Bank of India - Tumkur

v State Bank of India - Shimoga

v State Bank of India - Mysore

v State Bank of India - Kushalnagar

v State Bank of India - Chitradurga

v State Bank of India - Bellary

v State Bank of India - Chintamani

v State Bank of India - Hunsur

v State Bank of India - Chennapatna

v State Bank of India - Kunigal

v State Bank of India - Mandya

v State Bank of India - Tarikere

Financial Institution :

Cholamandalam Investment and Finance Company Limited, Dare House, No. 2, S.C. Bose Road, Parrys, Chennai-600001, Tamilnadu, India

Facilities :

Secured Loan	As on 31.03.2012 [Rs. in Millions]
Rupee term loans from banks	18.889
Other loans and advances	11.726
Working capital loans from banks	361.793
Other loans and advances	0.190
TOTAL	392.598
Secured Loan	As on 31.03.2011 [Rs. in Millions]
Working capital loans banks secured	(A) 394.207
Loans taken for vehicles secured	(C) 7.728
Loans taken for other fixed assets secured	(E) 32.222
TOTAL	434.157
NOTES: (A) HDFC Bank Overdraft Facility (C) Financier Vehicle Loan Reliance Capital Limited Rs.0.034 million HDFC Bank Limited Rs.3.782 millions Cholamandalam Loan Rs.2.963 millions Axis Bank Rs.0.473 million Magma Fincorp Limited Rs.0.477 million (E) HDFC Bank Limited, Term Loan

Banking Relations :	--
Auditors :
Name :	Kamlesh Bohra and Company Chartered Accountants
Address :	Mangalprem Villa, No.8/2, Saraswathiammal Road, Marutiseva Nagar, Bangalore – 560 033, Karnataka, India
Tel. No.:	91-80-25475465
Mobile No.:	91-9844060662
Fax No.:	91-80-25475465
E-Mail :	kamlesh662@gmail.com
PAN No:	AAKPJ2587M

CAPITAL STRUCTURE

AS ON 31.03.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
10000000	Equity Shares	Rs.10/- each	Rs.100.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
7940825	Equity Shares	Rs.10/- each	Rs.79.408 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		79.408	78.480	78.218
2] Share Application Money		0.000	12.575	5.225
3] Reserves & Surplus		383.941	293.700	212.622
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		463.349	384.755	296.065
LOAN FUNDS
1] Secured Loans		392.598	434.157	262.245
2] Unsecured Loans		62.000	52.000	62.350
TOTAL BORROWING		454.598	486.157	324.595
DEFERRED TAX LIABILITIES		12.730	9.478	5.654
TOTAL		930.677	880.390	626.314
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		251.499	221.421	150.020
Capital work-in-progress		2.407	0.828	2.590
INVESTMENT		0.000	2.150	6.126
DEFERREX TAX ASSETS		6.339	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	560.701	542.675	360.193
	Sundry Debtors	20.369	70.934	20.658
	Cash & Bank Balances	12.123	12.274	20.017
	Other Current Assets	35.044	147.114	87.364
	Loans & Advances	117.085	13.138	15.886
Total Current Assets		745.322	786.135	504.118
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	4.315	18.764	6.166
	Other Current Liabilities	56.864	107.927	36.934
	Provisions	13.711	4.500	6.529
Total Current Liabilities		74.890	131.191	49.629
Net Current Assets		670.432	654.944	454.489
MISCELLANEOUS EXPENSES		0.000	1.047	13.089
TOTAL		930.677	880.390	626.314

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Operating revenue, net	3111.313	3167.813	1818.634
		Other Income	0.065	34.514	19.482
		Deferred Tax	--	--	0.302
		TOTAL (A)	3111.378	3202.327	1838.418
Less	EXPENSES
		Consumption materials changes inventories	--	2251.118	--
		Contract cost	--	2.880	--
		Administrative selling other expenses	--	714.834	--
		Cost of Goods Sold	--	--	1284.615
		General and Administrative Expenses	--	--	94.394
		Rates and Taxes	--	--	180.609
		Selling and Distribution Expenses	--	--	124.467
		Personnel Expenses	--	--	46.383
		Loss on sale of Assets	--	--	1.270
		Employee related expenses	82.882	60.678	--
		Purchases of stock-in-trade	2427.238	--	--
		Other expenses	437.926	--	--
		Changes in inventories of finished goods, work-in-progress and stock-in-trade	(18.026)	--	--
		TOTAL (B)	2930.020	3029.510	1731.738
Less	PROFIT / (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		181.358	172.817	106.680
Less	FINANCIAL EXPENSES (D)		54.411	45.198	34.577
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		126.947	127.619	72.103
Less/ Add	DEPRECIATION/ AMORTISATION (F)		19.652	13.111	15.357
	PROFIT / (LOSS) BEFORE TAX (E-F) (G)		107.295	114.508	56.746
Less	TAX (H)		34.700	38.394	20.133
	PROFIT / (LOSS) AFTER TAX (G-H) (I)		72.595	76.114	36.613
	Earnings / (Loss) Per Share (Rs.)		9.19	9.71	4.68

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	2.33	2.38	1.99
Net Profit Margin (PBT/Sales)	(%)	3.45	3.61	3.12
Return on Total Assets (PBT/Total Assets}	(%)	10.76	11.36	8.67
Return on Investment (ROI) (PBT/Networth)		0.23	0.30	0.19
Debt Equity Ratio (Total Debt/Networth)		0.98	1.26	1.11
Current Ratio (Current Asset/Current Liability)		7.95	5.99	10.16

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	Yes
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	No
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	No
20]	Export / Import details (if applicable)	No
21]	Market information	--
22]	Litigations that the firm / promoter involved in	--
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	--
26]	Buyer visit details	--
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	PAN of Proprietor/Partner/Director, if available	No
32]	Date of Birth of Proprietor/Partner/Director, if available	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

NOTE:

The registered office of the company has been shifted from 93/C, 1^st Main, 2^nd Stage, Industrial Suburb, Gorgunte Palya (Behind MEI), Yeshwanthpur, Bangalore – 560 022, Karnataka, India to the present address w.e.f. 29.07.2009.

Unsecured Loan	As on 31.03.2012 [Rs. in Millions]
Intercorporate borrowings	12.000
Loans and advances from related parties	50.000
TOTAL	62.000
Unsecured Loan	As on 31.03.2011 [Rs. in Millions]
Working capital loans others unsecured	0.000
Loans directors unsecured	(B) 40.000
Other debt unsecured	(D) 12.000
TOTAL	52.000
NOTES: (B) Loan From Joit Kumar Jain- Director of the Company (D) Total other Unsecured Loans Intercorporate Loans Welcom Communication (Private) Limited Rs.2.000 millions Yogeshwar Diamond Private Limited Rs.10.000 millions.

FINANCIAL PERFORMANCE:

During the year the Company has recorded gross revenue of Rs. 3515.091 Millions as compared to Rs. 3202.327 Millions in previous year ending 31.03.2011. The Turnover of the Company grew by 9.77 % over the previous Financial Year. Net Profit after taxation of the company for the financial year is Rs. 72.595 Millions compared to the corresponding previous year was Rs. 76.113 Millions. The Net Profit after the taxes has come down by 4.62% over the previous Financial Year due to slow down in market. The Company has transferred its entire profit to its reserves and Surplus.

FUTURE OUT LOOK:

(a) Branches/Sales Force:

During the year, the Company has been expanding its operations by opening the Show rooms within the state of Karnataka as well as in Andhra Pradesh, it has been expanding its sales force to meet its increasing demand for the products; during the Current Financial year 2012-13 the Company has already given Rental Advances to 2 show rooms and Planning for opening 5 Stores. During the current financial year 2012-13 Company has vacated two show rooms in Chennai because maintenance cost of the stores are very high compare to the margins of these stores.

(b) Product Range:

The Company has been increasing its products range to meet the customers demand. It has exclusive show rooms for products brands like LG and Sony. This year the Company is under negotiation with Samsung brand for availing business opportunities. The main aim of the Company is, to be the leader in retail trading of Electronic/consumer goods in the years to come.

(c) Company Prospects:

The Company still be the front-runner in the marketing of consumer durables and has established its identity in the electronic and consumer goods. During the Current Financial Year company has closed two of its Chennai Stores. Company has opened at various places all over the Bangalore and Hyderabad planning for further expansion.

(d) Details of Changes Occurred during the period affecting Company business operations:

During the year there is no operation of Company which effects the Company business operations.

FIXED ASSETS:

· Vehicle

· Office Equipments

· Computers

· Furniture

· Buildings

· Land

· Software

· Commercial Rights

WEBSITE DETAILS

PROFILE

Adishwar Electro world are consumer durables and home appliances chain store which attempts to change with the way people buy the products in the organized retail landscape. The company commenced operations in 1997 as Adishwar India Limited.

Adishwar operates stores at Bangalore, Hyderabad, Chennai, Belgaum, Mangalore, Mysore, and Kolar. The chain will soon extend to many more cities across India.

Adishwar Electro world chain stores have redefined this space of product presentation and the way the customers are offered follow up services- since its inception in 2004,and to meet customer expectations.

Adishwar India limited commenced its operations successfully in 2007 in the direct marketing sphere. As a very successful and large direct marketing company the wealth of knowledge in customer centric operations helped in shaping Adishwar Electro world chain stores.

Adishwar simply offers meaningful and competent assistance to customers to choose products they wish to buy. Adishwar is the first to offer centralized delivery logistics which ensures maximum sensitive care to health of products. Adishwar believes in consistently validating the relevance of customer and customer centric operations 24 X 7.

Adishwar as a regional player has displayed amazing innovations in the services and customer offers bearing in mind the emerging and changing consumer lifestyles and demands. Adishwar has the best record in the market for trouble free maximum same day delivery, installation assistance and demo assistance. Adishwar pioneered practical technology assisted auto text messages to offer critical information assistance to ensure trouble free delivery assistance.

Adishwar backs the customer with legendary, efficient and prompt customer care supports at a call [call centre] or email.

Adishwar has the capability to cope with the changing landscape of customer needs as is demonstrated on daily basis.

Adishwar listens to the customers and users alike! Adishwar believes in simply transforming customer needs into service delivery.

The Adishwar eStore is nothing but an extension of its services in the same spirit, to extend services to the customers at the click of a key!

Adishwrestore is at their arms reach extending support s to the customer consistently.

Adishwar build trust and add value to life and lives through products and services!

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.54.03
UK Pound	1	Rs.82.43
Euro	1	Rs.70.49

INFORMATION DETAILS

Report Prepared by :

TPT

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	5
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		45

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.