MIRA INFORM REPORT

Report Date :

17.01.2013


Tel. No.:	91-121-2682983
Fax No.:	91-121-2682260

IDENTIFICATION DETAILS

Name :	PYTHON SPORTS PRIVATE LIMITED
= ;
Registered Office :	236, Krishna Colony, Rohta Road, Near Punjab National Bank, Meerut – 250001, Uttar Pradesh
= ;
Country :<= o:p>	India
= ;
Date of Incorporation :	17.05.2012
= ;
Com. Reg. = No.:	050549
= ;
Capital Investment / Paid-up Capital :	Rs.0.100 Million
= ;
CIN No.: [Company Identificat= ion No.]	U36912UP2012PTC050549
= ;
IEC No.:	0512047243
= ;
TIN No.:	09376511903
= ;
PAN No.: [Permanent Account N= o.]	AAGCP6030L
= ;
Legal Form= :	Private Limited Liability Company
= ;
Line of Bu= siness :	Manufacturer, Exporter and Supplier of Sports Products like Soccer Equipment, Soccer Training Equipment, Agility Training and Speed Training Products and Many Others.
= ;
No. of Emp= loyees :	10 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

RATING

STATUS

PROPOSED CREDIT LINE

&nbs= p; &= nbsp; &nbs= p; New Busin= ess

Status :	New Business

Payment Behaviour :	Unknown

Litigation :	Clear

Comments :	Subject is a new company establishing itself gradually. The company has completed its seven months of business operation. And Seems to have m= oderate scale of business operation. However, trade relations are reported to be fair. Business is acti= ve. Payments are unknown. The company can be considered for business dealings on a safe and secured trade terms and conditions.

NOTES:

Any query related to this report can be ma= de on e-mail: infodept@mirainform.c= om 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<= /span>

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

INDIAN ECONOMIC OVERVIEW

India is developing into an open-market economy, yet t= races of its past autarkic policies remain. Economic liberalization, including industrial deregulation, privatization of state-owned enterprises, and redu= ced controls on foreign trade and investment, began in the early 1990s and has served to accelerate the country's growth, which has averaged more than 7% = per year since 1997. India's diverse economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of services. Slightly more than half of the work force is in agriculture, but services are the major source of economic growth, accounti= ng for more than half of India's output, with only one-third of its labor forc= e. India has capitalized on its large educated English-speaking population to become a major exporter of information technology services and software workers. In 2010, the Indian economy rebounded robustly from the global financial crisis - in large part because of strong domestic demand - and gr= owth exceeded 8% year-on-year in real terms. However, India's economic growth in 2011 slowed because of persistently high inflation and interest rates and little progress on economic reforms. High international crude prices have exacerbated the government's fuel subsidy expenditures contributing to a hi= gher fiscal deficit, and a worsening current account deficit. Little economic re= form took place in 2011 largely due to corruption scandals that have slowed legislative work. India's medium-term growth outlook is positive due to a y= oung population and corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy. India= has many long-term challenges that it has not yet fully addressed, including widespread poverty, inadequate physical and social infrastructure, limited non-agricultural employment opportunities, scarce access to quality basic a= nd higher education, and accommodating rural-to-urban migration.<= /span>

Source : CIA

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.<= /span>

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

INFORMATION PARTED BY

Name :	Mr. Tarun Karla
Designation :	Director
Contact No.:	91-8057399260
Date :	14.01.2013

LOCATIONS

Registered Office/ Factory :	236, Krishna Colony, Rohta Road, Near Punjab National Bank, Meerut – 250001, Uttar Pradesh, India
Tel. No.:	91-121-2682983
Mobile No.:	91-8057399260 (Mr. Tarun Kalra)
Fax No.:	91-121-2682260
E-Mail :	maheshwarica9@gmil.com reach@pythonsports.net acs.chhavityagi@yahoo= .com
Website :	http://www.pythonsports.ne= t
Location :=	Owned

DIRECTORS

Name :	Mr. Rohit Kalra
Designation :	Director
Address :	Street No.1, Krishna Colony, Rohta Road, Meerut – 250002, Ut= tar Pradesh, India
Date of Birth/Age :	09.08.1989
Date of Appointment :	17.05.2012
DIN No.:	05269225

Name :	Mr. Tarun Kalra
Designation :	Director
Address :	Krishna Colony, Nagar Nigam Meerut, Kankarkhera, Meerut – 250001, Uttar Pradesh, India
Date of Birth/Age :	29.03.1986
Date of Appointment :	17.05.2012
DIN No.:	05269232

Name :	Mr. Manoj Malhotra
Designation :	Director
Address :	2869, Bhagat Singh Gali, Chuna Mandi P= ahar Ganj, New Delhi – 110055, India
Date of Birth/Age :	02.09.1978
Date of Appointment :	08.10.2012
DIN No.:	06399479

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

(AS ON 16.05.2012)

Names of Shareholders	= ; = ;	No. of Sha= res
	= ;	= ;
Rohit Kalra	= ;	5000<= /o:p>
Tarun Kalra	= ;	5000<= /o:p>
	= ;	= ;
Total = ;		10000

BUSINESS DETAILS

Line of Business :	Manufacturer, Exporter and Supplier of Sports Products like Soccer Equipment, Soccer Training Equipment, Agility Training and Speed Training Products and Many Others.

Products :	· Soccer Training Equipment · Agility Training and Speed Training Produc= ts · Basket Ball Hoops · Net Ball Hoops and Stands · Track Suits · Bags · Rhythmic Gymnastics Equipment · Fitness and Gym Products · Physical Training Products · Gymnastics · Cones and Markers · Track and Field Equipment · Carom Board · Medicine Balls · Sport Nets · Goal Post · Elementary Education · Print Cones and Jump Sacks · Pinnies/Scrimmage and Vests

Exports :
Products :=	Sports Products
Countries = :	Spain

Terms :
Selling :<= o:p>	L/C, Cash and Credit (30 days)

Purchasing= :	Cash and Credit (30 days)

GENERAL INFORMATION

Customers :	Retailers

No. of Employees :	10 (Approximately)

Bankers :	· Yes Bank Meerut, Uttar Pradesh, India Account No.: 022685800000105


Banking Relations :	--

Auditors :	Not Available

CAPITAL STRUCTURE

Authorised Capital :

No. of Shares	Type	Value	Amount

10000	Equity Shares	Rs.10/- each	Rs.0.100 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

10000	Equity Shares	Rs.10/- each	Rs.0.100 Million

FINANCIAL DATA

[all figures= are in Rupees Millions]

NEW BUSINESS=

<= /o:p>

Particulars

= ;

May 2012 t= o Till Date

Sales Turnover (Approximately)

= ;

0.100=

= ;

Expected Sales (2012-13): Rs.2.000 Millions

Expected Sales (2013-14): Rs.5.000 Millions

The above information has been parted by Mr. Tarun Kalra.

Note<= /u>: Sole Proprietory and Partnership concerns are exempted from filing their financials with the Government Authorities or Registry.

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report <= o:p> (Yes / No)=
1]	Year of Establishment=	Yes
2]	Locality of the firm<= /p>	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	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last about 7-8 mon= ths	Yes
12]	Profitability for last three years=	No
13]	Reasons for variation <> 20%=	-----
14]	Estimation for coming financial year	Yes
15]	Capital in the business	Yes
16]	Details of sister concerns	No
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	Yes
20]	Export / Import details (if applicable)=	Yes
21]	Market information	-----
22]	Litigations that the firm / promoter involved in	-----
23]	Banking Details	Yes
24]	Banking facility details	No
25]	Conduct of the banking account	-----
26]	Buyer visit details	-----
27]	Financials, if provided	No
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/Direc= tor, if available	No
34]	External Agency Rating, if available	No

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, Interp= ol, 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 transactio= ns involving their assets have been blocked or convicted, found guilty or agai= nst 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 o= ther 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 subje= ct are derived from criminal conduct or a prohibited transaction.

4] = Record on Financial Crime :

= Charges or conviction registered against subject:&n= bsp; = ; &n= bsp; = ; = None

5] = Records on Violation of Anti-Corruption Laws :

= Charges or investigation registered against subject: &n= bsp; = ; &n= bsp; = ; None

6] = Records on Int’l Anti-Money Laundering Laws/Standards :=

= Charges or investigation registered against subject: &n= bsp; = ; &n= bsp; = ; None

7] = Criminal Records

No available information exist that suggest that subject or any of its princip= als have been formally charged or convicted by a competent governmental authori= ty for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or internati= onal 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 fa= ir and reasonable and comparable to compensation paid to others for similar services.

10] &nb= sp; Press Report :

&= nbsp; 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 o= ften have been predictive and in some cases have created vulnerabilities to cred= it 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 ter= ms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit=	Indian Rup= ees
US Dollar	1	Rs.54.83
UK Pound	1	Rs.87.99
Euro	1	Rs.72.83

INFORMATION DETAILS

Report Pre= pared by :

NIT

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<= o:p>
71-85=	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of inte= rest 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 Lar= ge
41-55=	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfacto= ry
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 wi= th full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
-	NB	&nbs= p; &= nbsp; &nbs= p; New Business	-

<= /o:p>

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 kn= own 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 liabi= lity 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 (MIP= L) or its officials.

=

<= /o:p>

MIRA INFORM REPORT

Unit=