MIRA INFORM REPORT

Report Date :

27.08.2013

IDENTIFICATION DETAILS

Name :	UTTARA IMPEX PRIVATE LIMITED
Registered Office :	'Venkateshwara House', S. No. 114/A/2, Pune-Sinhagad Road, Pune – 411030, Maharashtra
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	20.01.2009
Com. Reg. No.:	25-133389
Capital Investment / Paid-up Capital :	Rs. 0.100 Million
CIN No.: [Company Identification No.]	U51909PN2009PTC133389
TAN No.: [Tax Deduction & Collection Account No.]	PNEU06530G
PAN No.: [Permanent Account No.]	AABCV0589J
Legal Form :	Private Limited Liability Company
Line of Business :	Exporter of Animal Feed, Poultry Products, Cattle Feed, Hatching Eggs, Animal Health Products, etc.
No. of Employees :	Not Available

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 37500
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is a part of VH (Venkateshwara Hatcheries) Group. It is an established company having a satisfactory track record. The company has performed well during 2012 and wipe out its all accumulated loss. 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 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 – March 31^st, 2013

Country Name	Previous Rating (31.12.2012)	Current Rating (31.03.2013)
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

We are living in a world where volatility and uncertainty have become the New Normal. We saw a change of government in countries like Tunisia, Egypt, Libya and Vietnam. Once powerful countries in Europe are now fighting for bankruptcy. We have taken growth in the developing part of the world for granted but economic growth in China and India has begun to slow. Companies that were synonymous with their product categories just a few years ago are now no longer in existence. Kodak, the inventor of the digital camera had to wind up its operations, HMV, the British entertainment retailing company and Borders, once the second largest bookstore have shut down due to their inability to evolve their business models with the changing time. Readers’ Digest, Thomson Register are no more !

There is another megatrend happening. The World order is changing as economic power shifts from West to East. According to McKinsey study, it took Britain more than 100 years to double its economic output per person during its industrial revolution and the US later took more than 50 years to do the same. More than a century later, China and India have doubled their GDP per capital in 12 and 18 years respectively. By 2020, emerging Asia will become the world’s largest consuming block, overtaking North America.

The years after the outbreak of the global financial crisis, the world economy continues to remain fragile. The Indian economy demonstrated remarkable resilience in the initial years of the contagion but finally lost ground last year. GDP growth slowed down. Currency has been weakening. There is a marked deceleration in agriculture, industry and services. Dampening sentiment led to a cut-back in investment as well as private consumption expenditure.  Inflation remained at high levels fuelled by the pressure from the food and fuel sectors. The large fiscal and current account deficit s continued to cause grave concern. It is imperative that India regains its growth trajectory of 8-9 % sooner than later. This is crucially important given the need to create gainful livelihood opportunities for the millions living in poverty as also the large contingent of young people joining the job market every year.

EXTERNAL AGENCY RATING

Rating Agency Name	ICRA
Rating	Cash Credit : (ICRA) BBB+
Rating Explanation	Having moderate degree of safety regarding timely servicing of financial obligation.
Date	August 2013

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/ Corporate Office :	'Venkateshwara House', S. No. 114/A/2, Pune-Sinhagad Road, Pune – 411030, Maharashtra, India
Tel. No.:	91-20-24251530-41/ 26114173
Fax No.:	91-20-24251077/ 26114173/ 24251060
E-Mail :	corp.sec@venkys.com dhirajdj22@gmail.com response@venkys.com rrp@uttarafoods.com
Website :	http://www.venkys.com
Location :	Owned
Central Marketing/ Administrative Office :	Uttara House, 2, Wellesley Road, Camp, Pune – 411001, Maharashtra, India
Tel. No.:	91-20-26131274/ 26137971/ 66099300
Fax No.:	91-22-26114173
E-Mail :	info@uttarafoods.com exports@uttarafoods.com

DIRECTORS

AS ON 29.09.2012

Name :

Mr. Banda Venkatesh Rao

Designation :

Managing director

Address :

“Venkatesh Farms”, S. No. 95/1, N.D.A. Road, Village Mauje Warje, Taluka, Haveli, Pune – 411029, Maharashtra, India

Date of Birth/Age :

31.12.1964

Date of Appointment :

31.07.2010

DIN No.:

00013614

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	Company/ LLP Status	Defaulting status
1	U67120MH1982PTC027946	VENKA INVESTMENTS PRIVATE LIMITED	Director	07/08/1982	07/08/1982	Amalgamated	NO
2	U01222OR1985PTC002190	EASTERN HATCHERIES PRIVATE LIMITED	Director	11/11/1985	11/11/1985	Active	NO
3	L01222PN1976PLC017422	VENKY'S (INDIA) LIMITED	Director	10/11/1995	10/11/1995	Active	NO
4	U01222AP1971PTC001422	VENKATESHWARA HATCHERIES PRIVATE LIMITED	Managing director	10/11/1995	10/11/1995	Active	NO
5	U74999PN1988PTC020677	BALA INDUSTRIES AND ENTERTAINMENT PRIVATE LIMITED	Director	14/03/1996	14/03/1996	Active	NO
6	U07222PN1980PTC017423	VENCO RESEARCH AND BREEDING FARM PRIVATE LIMITED	Director	16/03/1996	16/03/1996	Active	NO
7	U29299PN1993PTC020678	VENKATESHWARA ENGINEERING INDUSTRIES PRIVATE LIMITED	Director	18/03/1996	18/03/1996	Amalgamated	NO
8	U15332MH1996PTC099964	UTTARA FOODS AND FEEDS PRIVATE LIMITED	Managing director	04/06/1996	04/06/1996	Active	NO
9	U92111MH1998PTC114045	BALA ENTERTAINMENT INTERNATIONAL PRIVATE LIMITED	Director	19/03/1998	19/03/1998	Amalgamated	NO
10	U01222PN1980PTC017494	VENKATESHWARA RESEARCH AND BREEDING FARM PRIVATE LIMITED	Director	12/07/2001	12/07/2001	Active	NO
11	U15332PN2002PTC016680	B.V. BIO-CORP PRIVATE LIMITED	Director	15/01/2002	15/01/2002	Active	NO
12	U15136PN2004PTC018753	UTTARA MASALA PRODUCTS PRIVATE LIMITED	Director	08/01/2004	08/01/2004	Active	NO
13	U01222AP1998NPL029027	BHARAT EGG PRODUCERS' ASSOCIATION	Director	30/09/2004	30/09/2004	Active	NO
14	U01222PN2005PTC020345	ALL INDIA POULTRY DEVELOPMENT AND SERVICES PRIVATE LIMITED	Director	28/02/2005	28/02/2005	Active	NO
15	U00029PN2006PTC022259	UTTARA POULTRY AND AGRI-FARMS PRIVATE LIMITED	Director	30/03/2006	30/03/2006	Active	NO
16	U00029PN2006PTC022258	UTTARA HATCHERIES AND AGRI-FARMS PRIVATE LIMITED	Director	30/03/2006	30/03/2006	Active	NO
17	U24230PN2007PTC130916	UTTARA BIOSCIENCES PRIVATE LIMITED	Managing director	20/06/2008	27/10/2007	Active	NO
18	U51909PN2009PTC133389	UTTARA IMPEX PRIVATE LIMITED	Managing director	31/07/2010	20/01/2009	Active	NO
19	U73100PN2011PTC140966	SRIVENK BIOLOGICAL LABORATORIES PRIVATE LIMITED	Director	04/10/2011	04/10/2011	Active	NO
20	U15122AP2012PTC080815	UTTARA BAKERS PRIVATE LIMITED	Director	09/05/2012	09/05/2012	Active	NO
21	U14200PN2013PTC147812	PADMAVATI MARBLES PRIVATE LIMITED	Managing director	02/08/2013	19/06/2013	Active	NO

Name :

Mrs. Anuradha Jitendra Desai

Designation :

Director

Address :

“Venkatesh Farms”, S. No. 95/1, N.D.A. Road, Village Mauje Warje, Taluka, Haveli, Pune – 411029, Maharashtra, India

Date of Birth/Age :

15.05.1962

Date of Appointment :

20.01.2009

DIN No.:

00012212

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	Company/ LLP Status	Defaulting status
1	U01222AP1971PTC001422	VENKATESHWARA HATCHERIES PRIVATE LIMITED	Managing director	27/10/1983	27/10/1983	Active	NO
2	U07222PN1980PTC017423	VENCO RESEARCH AND BREEDING FARM PRIVATE LIMITED	Director	03/12/1984	03/12/1984	Active	NO
3	L01222PN1976PLC017422	VENKY'S (INDIA) LIMITED	Director	02/12/1988	02/12/1988	Active	NO
4	U65999MH1987PTC023309	SRIVENK INVESTMENTS AND FINANCE PRIVATE LIMITED	Director	29/01/1991	29/01/1991	Active	NO
5	U74999PN1988PTC020677	BALA INDUSTRIES AND ENTERTAINMENT PRIVATE LIMITED	Director	14/03/1996	14/03/1996	Active	NO
6	U01222PN1980PTC017494	VENKATESHWARA RESEARCH AND BREEDING FARM PRIVATE LIMITED	Director	15/03/1996	15/03/1996	Active	NO
7	U29299PN1993PTC020678	VENKATESHWARA ENGINEERING INDUSTRIES PRIVATE LIMITED	Director	18/03/1996	18/03/1996	Amalgamated	NO
8	U15400AP1982PLC070673	AGROCORPEX INDIA LIMITED	Director	23/03/1996	23/03/1996	Active	NO
9	U15332MH1996PTC099964	UTTARA FOODS AND FEEDS PRIVATE LIMITED	Director	04/06/1996	04/06/1996	Active	NO
10	U67120MH1982PTC027946	VENKA INVESTMENTS PRIVATE LIMITED	Director	30/06/1997	30/06/1997	Amalgamated	NO
11	U92111MH1998PTC114045	BALA ENTERTAINMENT INTERNATIONAL PRIVATE LIMITED	Director	19/03/1998	19/03/1998	Amalgamated	NO
12	U01222AP2000NPL035402	POULTRY DEVELOPMENT PROMOTION COUNCIL	Director	05/10/2000	05/10/2000	Active	NO
13	U15332PN2002PTC016680	B.V. BIO-CORP PRIVATE LIMITED	Director	15/01/2002	15/01/2002	Active	NO
14	U74220PN2002NPL017463	NATIONAL AGRICULTURE AND FOOD ANALYSIS AND RESEARCH INSTITUTE	Director	13/12/2002	13/12/2002	Active	NO
15	U55101MH2000PLC187834	LAVASA CORPORATION LIMITED	Director	24/02/2003	24/02/2003	Active	NO
16	U15136PN2004PTC018753	UTTARA MASALA PRODUCTS PRIVATE LIMITED	Director	08/01/2004	08/01/2004	Active	NO
17	U74140DL2004NPL125424	CENTRE FOR INTERNATIONAL TRADE IN AGRICULTURE AND AGRO BASED INDUSTRIES	Director	25/03/2004	25/03/2004	Active	NO
18	U01222AP1998NPL029027	BHARAT EGG PRODUCERS' ASSOCIATION	Director	30/09/2004	30/09/2004	Active	NO
19	U01222PN2005PTC020345	ALL INDIA POULTRY DEVELOPMENT AND SERVICES PRIVATE LIMITED	Director	28/02/2005	28/02/2005	Active	NO
20	U00029PN2006PTC022258	UTTARA HATCHERIES AND AGRI-FARMS PRIVATE LIMITED	Director	30/03/2006	30/03/2006	Active	NO
21	U00029PN2006PTC022259	UTTARA POULTRY AND AGRI-FARMS PRIVATE LIMITED	Director	30/03/2006	30/03/2006	Active	NO
22	U24230PN2007PTC130916	UTTARA BIOSCIENCES PRIVATE LIMITED	Director	27/10/2007	27/10/2007	Active	NO
23	U51909PN2009PTC133389	UTTARA IMPEX PRIVATE LIMITED	Director	20/01/2009	20/01/2009	Active	NO
24	U01222OR1985PTC002190	EASTERN HATCHERIES PRIVATE LIMITED	Director	19/06/2010	23/04/2010	Active	NO
25	U73100PN2011PTC140966	SRIVENK BIOLOGICAL LABORATORIES PRIVATE LIMITED	Director	04/10/2011	04/10/2011	Active	NO
26	U15122AP2012PTC080815	UTTARA BAKERS PRIVATE LIMITED	Director	09/05/2012	09/05/2012	Active	NO
27	U14200PN2013PTC147812	PADMAVATI MARBLES PRIVATE LIMITED	Director	19/06/2013	19/06/2013	Active	NO

Name :

Mr. Jitendra Moreshwar Desai

Designation :

Director

Address :

“Venkatesh Farms”, S. No. 95/1, N.D.A. Road, Village Mauje Warje, Taluka, Haveli, Pune – 411029, Maharashtra, India

Date of Birth/Age :

20.01.1953

Date of Appointment :

20.01.2009

DIN No.:

00013533

Other Directorship :

	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Company/ LLP Status	Defaulting status
1	U67120MH1982PTC027946	VENKA INVESTMENTS PRIVATE LIMITED	Director	20/01/1991	20/01/1991	Amalgamated	NO
2	U65999MH1987PTC023309	SRIVENK INVESTMENTS AND FINANCE PRIVATE LIMITED	Director	29/01/1991	29/01/1991	Active	NO
3	U01222PN1980PTC017494	VENKATESHWARA RESEARCH AND BREEDING FARM PRIVATE LIMITED	Managing director	22/03/1991	22/03/1991	Active	NO
4	U74999PN1988PTC020677	BALA INDUSTRIES AND ENTERTAINMENT PRIVATE LIMITED	Director	12/04/1993	12/04/1993	Active	NO
5	L01222PN1976PLC017422	VENKY'S (INDIA) LIMITED	Director	30/11/1993	30/11/1993	Active	NO
6	U01222OR1985PTC002190	EASTERN HATCHERIES PRIVATE LIMITED	Director	05/12/1994	05/12/1994	Active	NO
7	U01222AP1971PTC001422	VENKATESHWARA HATCHERIES PRIVATE LIMITED	Whole-time director	23/12/1994	23/12/1994	Active	NO
8	U92111MH1998PTC114045	BALA ENTERTAINMENT INTERNATIONAL PRIVATE LIMITED	Director	19/03/1998	19/03/1998	Amalgamated	NO
9	U15332PN2002PTC016680	B.V. BIO-CORP Private LIMITED	Director	15/01/2002	15/01/2002	Active	NO
10	U15136PN2004PTC018753	UTTARA MASALA PRODUCTS PRIVATE LIMITED	Director	08/01/2004	08/01/2004	Active	NO
11	U00029PN2006PTC022258	UTTARA HATCHERIES AND AGRI-FARMS PRIVATE LIMITED	Director	30/03/2006	30/03/2006	Active	NO
12	U00029PN2006PTC022259	UTTARA POULTRY AND AGRI-FARMS PRIVATE LIMITED	Director	30/03/2006	30/03/2006	Active	NO
13	U29299PN1993PTC020678	VENKATESHWARA ENGINEERING INDUSTRIES PRIVATE LIMITED	Director	27/11/2006	27/11/2006	Amalgamated	NO
14	U07222PN1980PTC017423	VENCO RESEARCH AND BREEDING FARM PRIVATE LIMITED	Alternate director	12/03/2012	30/03/2007	Active	NO
15	U24230PN2007PTC130916	UTTARA BIOSCIENCES PRIVATE LIMITED	Director	27/10/2007	27/10/2007	Active	NO
16	U51909PN2009PTC133389	UTTARA IMPEX PRIVATE LIMITED	Director	20/01/2009	20/01/2009	Active	NO
17	U73100PN2011PTC140966	SRIVENK BIOLOGICAL LABORATORIES PRIVATE LIMITED	Director	04/10/2011	04/10/2011	Active	NO

Name :

Mr. Banda Balaji Rao

Designation :

Director

Address :

“Venkatesh Farms”, S. No. 95/1, N.D.A. Road, Village Mauje Warje, Taluka, Haveli, Pune – 411029, Maharashtra, India

Date of Birth/Age :

08.12.1972

Date of Appointment :

20.01.2009

DIN No.:

00013551

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	Company/ LLP Status	Defaulting status
1	L01222PN1976PLC017422	VENKY'S (INDIA) LIMITED	Managing director	01/11/2012	09/11/1995	Active	NO
2	U01222AP1971PTC001422	VENKATESHWARA HATCHERIES PRIVATE LIMITED	Whole-time director	10/11/1995	10/11/1995	Active	NO
3	U15332MH1996PTC099964	UTTARA FOODS AND FEEDS PRIVATE LIMITED	Director	04/06/1996	04/06/1996	Active	NO
4	U92111MH1998PTC114045	BALA ENTERTAINMENT INTERNATIONAL PRIVATE LIMITED	Director	19/03/1998	19/03/1998	Amalgamated	NO
5	U15332PN2002PTC016680	B.V. BIO-CORP PRIVATE LIMITED	Director	15/01/2002	15/01/2002	Active	NO
6	U15136PN2004PTC018753	UTTARA MASALA PRODUCTS PRIVATE LIMITED	Director	08/01/2004	08/01/2004	Active	NO
7	U00029PN2006PTC022259	UTTARA POULTRY AND AGRI-FARMS PRIVATE LIMITED	Director	30/03/2006	30/03/2006	Active	NO
8	U00029PN2006PTC022258	UTTARA HATCHERIES AND AGRI-FARMS PRIVATE LIMITED	Director	30/03/2006	30/03/2006	Active	NO
9	U24230PN2007PTC130916	UTTARA BIOSCIENCES PRIVATE LIMITED	Director	27/10/2007	27/10/2007	Active	NO
10	U51909PN2009PTC133389	UTTARA IMPEX PRIVATE LIMITED	Director	20/01/2009	20/01/2009	Active	NO
11	U01222OR1985PTC002190	EASTERN HATCHERIES PRIVATE LIMITED	Director	19/06/2010	23/04/2010	Active	NO
12	U74999PN1988PTC020677	BALA INDUSTRIES AND ENTERTAINMENT PRIVATE LIMITED	Director	04/07/2011	28/10/2010	Active	NO
13	U73100PN2011PTC140966	SRIVENK BIOLOGICAL LABORATORIES PRIVATE LIMITED	Director	04/10/2011	04/10/2011	Active	NO
14	U15122AP2012PTC080815	UTTARA BAKERS PRIVATE LIMITED	Director	09/05/2012	09/05/2012	Active	NO
15	U14200PN2013PTC147812	PADMAVATI MARBLES PRIVATE LIMITED	Director	19/06/2013	19/06/2013	Active	NO

Name :

Shahanawaj Hussain Shaikh

Designation :

Director

Address :

759/7, Deccan Gymkhana, Prabhat Road, Pune – 411004, Maharashtra, India

Date of Birth/Age :

01.11.1947

Date of Appointment :

20.01.2009

DIN No.:

02401610

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	Company/ LLP Status	Defaulting status
1	U51909PN2009PTC133389	UTTARA IMPEX PRIVATE LIMITED	Director	20/01/2009	20/01/2009	Active	NO
2	U15332MH1996PTC099964	UTTARA FOODS AND FEEDS PRIVATE LIMITED	Whole-time director	30/09/2009	15/07/2009	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 29.09.2012

Names of Shareholders	No. of Shares
Anuradha Jitendra Desai	2400
Banda Venkatesh Rao	2400
Banda Balaji Rao	2400
Jitendra M. Desai	2400
Shahanawaj Hussain Shaikh	400
Total	10000

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 :

Exporter of Animal Feed, Poultry Products, Cattle Feed, Hatching Eggs, Animal Health Products, etc.

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

Corporation Bank, Corporate Banking Branch, 14, Mumbai-Pune Road, Wakdewadi, Pune - 411003, Maharashtra, India

Facilities :

Secured Loans	31.03.2012	31.03.2011
	(Rs. In Millions)
LONG TERM BORROWINGS
Vehicle loan from Banks	0.461	0.000
Less: Current maturities	0.139	0.000
SHORT TERM BORROWINGS
Loans repayable on demand [The Cash Credit facility is secured by stock and debtors]	39.991	1.016
Bill Discounting	0.000	1.832
Total	40.313	2.848

Note:

LONG TERM BORROWINGS

The vehicle loan carries an interest rate @ 12.75%. the Equated Monthly Installment is Rs. 0.012 Million per month and still fifty four installment are remaining.

Banking Relations :	--
Financial Institution :	3i Infotech Trusteeship Services Limited, 6th Floor, Akruti Centre Point, MIDC Central Road, Andheri (East), Mumbai - 400093, Maharashtra, India
Auditors :
Name :	Kirtane and Pandit Chartered Accountants
Address :	"Sangati", 73/2/2, Bhakti Marg, Off Law College Road, Pune – 411004, Maharashtra, India
Tel. No.:	91-20-67295100/ 25433104/ 25438764
Fax No.:	91-20-25447603
E-Mail :	kpca@kirtanepandit.com
Income-tax PAN of auditor or auditor's firm :	AACFK3469N

CAPITAL STRUCTURE

AS ON 31.03.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
500,000	Equity Shares	Rs. 10/- each	Rs. 5.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10,000	Equity Shares	Rs. 10/- each	Rs. 0.100 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.100	0.100
(b) Reserves & Surplus	9.283	(4.658)
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000
Total Shareholders’ Funds (1) + (2)	9.383	(4.558)
(3) Non-Current Liabilities
(a) long-term borrowings	0.322	0.000
(b) Deferred tax liabilities (Net)	0.000	0.000
(c) Other long term liabilities	0.000	0.000
(d) long-term provisions	0.000	0.000
Total Non-current Liabilities (3)	0.322	0.000
(4) Current Liabilities
(a) Short term borrowings	39.991	2.848
(b) Trade payables	261.768	48.199
(c) Other current liabilities	92.570	71.648
(d) Short-term provisions	14.947	0.000
Total Current Liabilities (4)	409.276	122.695
TOTAL	418.981	118.137
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	2.726	2.193
(ii) Intangible Assets	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	190.152	0.000
(c) Deferred tax assets (net)	1.470	0.325
(d) Long-term Loan and Advances	0.000	0.000
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	194.348	2.518
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	21.131	5.343
(c) Trade receivables	60.433	5.186
(d) Cash and cash equivalents	30.260	21.540
(e) Short-term loans and advances	7.092	7.819
(f) Other current assets	105.717	75.731
Total Current Assets	224.633	115.619
TOTAL	418.981	118.137

SOURCES OF FUNDS		31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		0.100
2] Share Application Money		0.000
3] Reserves & Surplus		0.198
4] (Accumulated Losses)		0.000
NETWORTH		0.298
LOAN FUNDS
1] Secured Loans		3.277
2] Unsecured Loans		0.008
TOTAL BORROWING		3.285
DEFERRED TAX LIABILITIES		0.000
TOTAL		3.583
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.947
Capital work-in-progress		0.000
INVESTMENT		0.000
DEFERREX TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	1.446
	Sundry Debtors	6.100
	Cash & Bank Balances	3.877
	Other Current Assets	0.000
	Loans & Advances	4.290
Total Current Assets		15.713
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	11.691
	Other Current Liabilities	1.286
	Provisions	0.100
Total Current Liabilities		13.077
Net Current Assets		2.636
MISCELLANEOUS EXPENSES		0.000
TOTAL		3.583

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income			48.892
		Other Income			0.671
		TOTAL (A)	852.310	194.120	49.563
Less	EXPENSES
		Cost of Sales			34.063
		Personal Expanses			4.691
		Operating and Administrative Expenses			9.038
		(Increases) or Decrease in Finished Goods			(0.112)
		TOTAL (B)	825.027	198.984	47.680
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		27.283	(4.864)	1.883
Less	FINANCIAL EXPENSES (D)		1.005	0.068	1.507
	PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		26.278	(4.932)	0.376
Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.368	0.232	0.068
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)		25.910	(5.164)	0.308
Less	TAX (H)		11.970	(0.309)	0.110
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)		13.940	(4.855)	0.198
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	202.642	104.200	48.892
	Earnings/ (Loss) Per Share (Rs.)		1394.00	(465.80)	19.78

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	1.64	(2.50)	0.40
Net Profit Margin (PBT/Sales)	(%)	NA	NA	0.63
Return on Total Assets (PBT/Total Assets}	(%)	11.40	(4.38)	1.85
Return on Investment (ROI) (PBT/Networth)		2.76	1.13	1.04
Debt Equity Ratio (Total Debt/Networth)		4.30	(0.62)	11.02
Current Ratio (Current Asset/Current Liability)		0.55	0.94	1.20

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	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	Yes

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10280380	23/12/2011 *	220,000,000.00	CORPORATION BANK	CORPORATE BANKING BRANCH, 14, MUMBAI-PUNE ROAD, WAKDEWADI, PUNE - 411003, MAHARASHTRA, INDIA	B30965222

* Date of charge modification

FIXED ASSETS:

· Furniture and Fixture

· Computers

· Vehicles

· Office 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. 64.23
UK Pound	1	Rs. 100.01
Euro	1	Rs. 85.93

INFORMATION DETAILS

Report Prepared by :

BVA

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
DEFAULTERS
--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.