MIRA INFORM REPORT

Report Date :

14.12.2013

IDENTIFICATION DETAILS

Name :	ME N MOMS PRIVATE LIMITED (w.e.f. 05.04.2010)
Formerly Known As :	MAMTA BABY PRODUCTS PRIVATE LIMITED
Registered Office :	2, Amar Co-operative Housing Society Limited, 8^th Road, TPS-III, Khar (West), Mumbai – 400 052, Maharashtra
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	04.04.2006
Com. Reg. No.:	11-160956
Capital Investment / Paid-up Capital :	Rs.0.940 Million
CIN No.: [Company Identification No.]	U52190MH2006PTC160956
Legal Form :	Private Limited Liability Company
Line of Business :	Trader and importer of baby products.
No. of Employees :	Not Divulged

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 238000
Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. The company has failed to file its financial with government department for the year 2012 and 2013 However, as per previous financial records of 2011, Profitability of the company appears to be decent.. However, trade relations are fair. Business is active. Payment terms are unknown. The company can be considered for business dealing 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 – 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

The current downturn provides an opportunity to push ahead with reforms to accelerate growth, says the latest India Development Update report released by the World Bank. The report says that the adverse effects of rupee depreciation are likely to be offset by the gains in the exports performance due to improved external competitiveness. Since May this year, the local currency has depreciated substantially and fell to a record level of Rs 68.85 to a dollar on August, 28.

A stagflation like situation appears to have arisen as inflation jumped to an eight month high of 6.46 % for the month of September. It is up from 6.10 % in August. Growth continues to be muted with factory output plunging to 0.6 % in August. Onion prices have risen nearly 300 % from last September. Vegetables cost nearly 90 % more than they did last year. Wake up to the economic contribution of slum dwellers. They contribute more than 7.5 % to the country’s gross domestic product, according to a recent study conducted in 50 top cities.

136000 estimated number of jobs created during the second quarter of the current financial year. 50000 estimated number of additional jobs in the field of corporate social responsibility in the coming years.

The International Finance Corporation expects to come out with its rupee linked bonds issue before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple iPhone 5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has been launched in India from 1^st November.

The Land Acquisition Act to provide just and fair compensation to farmers will come into force from January 1 next year, said Rural Development Minister Jairam Ramesh. The Act replaces a 119 year old registration. The Securities and Exchange Board of India has approved the trading of currency futures on the Bombay Stock Exchange. The exchange plans to launch the currency futures platform with advanced trading technology by the end of November.

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 (GENERAL DETAILS)

Name :	Mr. Nikunj Joshi
Designation :	CFO
Contact No.:	91-22-26684475
Date :	28.10.2013

LOCATIONS

Registered Office :	2, Amar Co-operative Housing Society Limited, 8^th Road, TPS-III, Khar (West), Mumbai – 400 052, Maharashtra, India
Tel. No.:	91-22-26684475
Fax No.:	91-22-26685474
E-Mail :	menmoms@gmail.com
Branches :	Located at: · Delhi · Noida · Ludhiana · Kolkata · Guwahati · Chennai · Bangalore · Hyderabad · Ernakulam

DIRECTORS

AS ON 30.09.2011

Name :

Mr. Naresh B. Khatar

Designation :

Director

Address :

801, Sita Bhuvan, 14^th Road, Ahinsa Marg, Khar (West), Mumbai – 400 052, maharashtra, India

Date of Birth/Age :

09.09.1959

Date of Appointment :

04.04.2006

DIN No.:

01946760

Name :

Mr. Prakash B. Khatar

Designation :

Director

Address :

C/4, Lilaram Bhuvan, Dr. Ambedkar Road, Khar (West), Mumbai – 400 052, Maharashtra, India

Date of Birth/Age :

05.08.1962

Date of Appointment :

04.04.2006

DIN No.:

00208394

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	U65910MH1991PTC063661	UNITECH PROPERTIES DEVELOPMENT PRIVATE LIMITED	Director	21/09/1998	21/09/1998	Active	NO
2	U51900MH1999PTC120407	ME N MOMS IMPEX PRIVATE LIMITED	Director	18/06/1999	18/06/1999	Active	NO
3	U51397MH2002PTC135935	AKSHAR PHARMA PRIVATE LIMITED	Director	20/05/2002	20/05/2002	Active	NO
4	U65990MH1991PTC063234	PRARUP FINANCE AND TRADING PRIVATE LIMITED	Director	08/02/2003	08/02/2003	Active	NO
5	U22219MH1992PTC066481	UNITECH PRESS PRIVATE LIMITED	Director	08/02/2003	08/02/2003	Active	NO
6	U51900MH2000PTC123838	ASHWIN GENERAL MERCHANTS PRIVATE LIMITED	Director	27/05/2003	27/05/2003	Active	NO
7	U45211MH2006PTC158623	MILTON IMPEX PRIVATE LIMITED	Director	04/01/2006	04/01/2006	Active	NO
8	U52190MH2006PTC160956	ME N MOMS PRIVATE LIMITED	Director	04/04/2006	04/04/2006	Active	NO

MAJOR SHAREHOLDERS

AS ON 30.09.2011

Names of Shareholders	No. of Shares
Naresh B. Khatar	16500
Prakash B. Khatar	5000
Dhairryawan Developers	2500
Juhi H. Khatar	10
Mamta N. Khatar	10
Samta N. Khatar	20
Agnikal Vyapar Private Limited	24000
Ashwin General Merchants Private Limited	24000
Warner Metalics	22000
Total	94040

Equity Share Break up (Percentage of Total Equity)

AS ON 30.09.2011

Category	Percentage
Bodies corporate	74.44
Directors or relatives of Directors	25.56
Total	100.00

BUSINESS DETAILS

Line of Business :	Trader and importer of baby products.
Products :	· Baby Products · Baby Lotion · Shampoo · Soups · Cream · Towels
Imports :
Products :	Baby Products
Countries :	· China · Hong Kong
Terms :
Selling :	Cash, Credit
Purchasing :	Cash, Credit

GENERAL INFORMATION

Customers :

End Users

No. of Employees :

Not Divulged

Bankers :

· ICICI Bank, Khar (West), Mumbai, Maharashtra, India

Facilities :

SECURED LOANS	31.03.2011 Rs. In Millions	31.03.2010 Rs. In Millions
Bank of India	2.974	0.000
Sundaram Finance	0.000	0.191
Total	2.974	0.191

Banking Relations :	--
Auditors :
Name :	B S Sarda and Associates Chartered Accountants
Address :	4, Ground, Floor, Ruby Mahal, 30, D, Kawasji Patel Street, Fort, Mumbai – 400 001, Maharashtra, India
Tel. No.:	91-22-22821078/ 22821087
Mobile No.:	91-9820077754
PAN No.:	AIJPS5979D
Associates/Subsidiaries :	· Unitech Property Private Limited · Unitech Press Private Limited

CAPITAL STRUCTURE

AS ON 30.09.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
100000	Equity Shares	Rs. 10/- each	Rs.1.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
94040	Equity Shares	Rs. 10/- each	Rs.0.940 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011	31.03.2010	31.03.2009
SHAREHOLDERS FUNDS
1] Share Capital		0.940	0.940	0.240
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		58.730	49.120	4.785
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		59.670	50.060	5.025
LOAN FUNDS
1] Secured Loans		2.974	0.191	0.000
2] Unsecured Loans		67.264	22.139	1.106
TOTAL BORROWING		70.238	22.330	1.106
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		129.908	72.390	6.131
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		12.675	7.310	5.953
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.645	0.000	0.000
DEFERRED TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	175.591	81.842	83.037
	Sundry Debtors	79.723	64.746	45.209
	Cash & Bank Balances	2.678	0.767	0.000
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	17.847	13.779	8.854
Total Current Assets		275.839	161.134	137.100
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.000	0.000	0.000
	Other Current Liabilities	153.464	92.739	132.637
	Provisions	5.787	3.315	4.285
Total Current Liabilities		159.251	96.054	136.922
Net Current Assets		116.588	65.080	0.178
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		129.908	72.390	6.131

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	164.807	76.685	46.325
		Other Income	2.419	0.783	0.721
		TOTAL (A)	167.226	77.468	47.046
Less	EXPENSES
		Administration and Office Expenses	132.467	59.796	36.563
		Selling and Distribution Expenses	16.701	8.791	3.535
		TOTAL (B)	149.168	68.587	40.098
Less	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		18.058	8.881	6.948
Less	FINANCIAL EXPENSES (D)		1.535	0.892	1.081
	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		16.523	7.989	5.867
Less	DEPRECIATION/ AMORTISATION (F)		2.135	1.577	0.861
	PROFIT/(LOSS) BEFORE TAX (E-F) (G)		14.388	6.412	5.006
Less	TAX (H)		4.779	1.977	2.001
	PROFIT/(LOSS) AFTER TAX (G-H) (I)		9.609	4.435	3.005
	Earnings Per Share (Rs.)		102.18	NA	NA

Particulars	31.03.2012
Sales Turnover	160.000

The above information has been parted by (Mr. Nikunj Joshi – CFO)

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	5.75	5.72	6.39
Net Profit Margin (PBT/Sales)	(%)	8.73	8.36	10.81
Return on Total Assets (PBT/Total Assets}	(%)	4.99	3.81	3.50
Return on Investment (ROI) (PBT/Networth)		0.24	0.13	0.10
Debt Equity Ratio (Total Debt /Networth)		1.18	0.45	0.22
Current Ratio (Current Asset/Current Liability)		1.73	1.68	0.10

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	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	No
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
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	No
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 LOANS:

Particulars	31.03.2011 Rs. In Millions	31.03.2010 Rs. In Millions
Agnikal Vyapaar Private Limited	10.609	3.521
Akshar Pharma Private Limited	5.087	0.000
Aneesha N. Khatar	0.450	0.000
Ashwin General Merchants Private limited	32.034	9.139
Asian Steel	0.375	0.375
Banoo Shabbir Attar	1.364	0.000
Dhairyawan Developers	1.537	1.537
Harish Balram Khatar (HUF)	0.281	0.208
Juhi Khatar	0.320	0.062
Mahesh M. Jain (HUF)	0.600	0.000
Mamta Khatar	2.158	0.108
Minas Impex Private Limited	0.522	0.522
Nikunj Doshi	0.330	0.330
Prakash Khatar	0.878	0.077
Prarup Finance and Trading Private Limited	0.408	0.459
Puja V. Nagpal	0.014	0.314
Rajkumari B. Khatar	0.868	0.347
Samta Naresh Khatar	0.015	0.000
Shabbir Mubarajali Attar	1.020	0.000
Tarachand M. Sonigara (HUF)	0.400	0.000
Unitech Press Private Limited	0.354	0.000
Warner Metalic Private Limited	7.640	5.140
Total	67.264	22.139

INDEX OF CHARGE:

Sr. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10374694	08/10/2012 *	40,000,000.00	STANDARD CHARTERED BANK	SME CREDIT, CRESCENZO, 3A/F, PLOT NO. C-38 and 39, G BLOCK, BANDRA KURLA COMPLEX, BANDRA EAST, MUMBAI – 400 051, MAHARASHTRA, INDIA	B60342045

* Date of charge modification

FIXED ASSETS:

· Air Conditioner

· Battery

· Computer

· Delivery Van

· Electrical Equipment

· Fire Extingguishers

· Furniture and Fixture

· Invertor

· Motor Car

· Motor Car Honda CRV

· Motor Car Hyundai

· Motor Cycle

· Motor Bike

· Motor Cycle

· Motor Van

· Office Equipment

· Printing Cylinder

· Refrigerator

· Swing Machine

· Telephone

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 records 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 records 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.62.12
UK Pound	1	Rs.101.53
Euro	1	Rs.85.41

INFORMATION DETAILS

Information Gathered by :	SVA
Report Prepared by :	NLM

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	4
--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	YES
--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.