1. Summary Information

		Country	India
Company Name	FRIDGEHOUSE RETAIL PRIVATE LIMITED	Principal Name 1	Mr. Shenbagamurthi Giridharan
Status	Moderate	Principal Name 2	Mr. Giridharan Sujay
		Registration #	09-028015
Street Address	XXX/1077A, Hospital Road, Ernakulam - 682011, Kerala
Established Date	22.03.2011	SIC Code	--
Telephone#	91-484-2373803 / 2531458	Business Style 1	Retailer
Fax #	Not Available	Business Style 2	--
Homepage	www.grotal.com	Product Name 1	IFB Home Appliances
# of employees	Not Available	Product Name 2	Washing Machines
Paid up capital	Rs. 9,990,000/-	Product Name 3	Kitchen Appliances
Shareholders	Directors or relatives of directors – 100.00%	Banking	The South Indian Bank Limited
Public Limited Corp.	No	Business Period	1 Year
IPO	No	International Ins.	-
Public Enterprise	No	Rating	B (32)
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	90,801,000	Current Liabilities	175,772,000
Inventories	101,187,000	Long-term Liabilities	21,216,000
Fixed Assets	26,455,000	Other Liabilities	3,441,000
Deferred Assets	382,000	Total Liabilities	200,429,000
Invest& other Assets	4,653,000	Retained Earnings	3,049,000
		Net Worth	23,049,000
Total Assets	223,478,000	Total Liab. & Equity	223,478,000
Total Assets (Previous Year)	--
P/L Statement as of	31.03.2012		(Unit: Indian Rs.)
Sales	--	Net Profit	--
Sales(Previous yr)	--	Net Profit(Prev.yr)	--

MIRA INFORM REPORT

Report Date :

24.07.2013

IDENTIFICATION DETAILS

Name :	FRIDGEHOUSE RETAIL PRIVATE LIMITED
Registered Office :	XXX/1077A, Hospital Road, Ernakulam - 682011, Kerala
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	22.03.2011
Com. Reg. No.:	09-028015
Capital Investment / Paid-up Capital :	Rs. 9.990 millions
CIN No.: [Company Identification No.]	U52334KL2011PTC028015
TAN No.: [Tax Deduction & Collection Account No.]	CHNF00882A
PAN No.: [Permanent Account No.]	AABCF7004K
Legal Form :	Private Limited Liability Company
Line of Business :	Retailer of IFB Home Appliances, Washing Machines, Kitchen Appliances, Refrigerators, Home Theater Systems, Electronic Goods, TV and LCDs,
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (32)

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

Maximum Credit Limit :	USD 92000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject was established as a partnership concern and recently during March 2011 it got converted into a private limited. It is a company having a moderate track record. The financial position is moderate. However, trade relations are reported as fair. Business is active. Payments are reported to be slow but correct. The company can be considered for business dealings with some caution.

NOTES :

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

ECGC Country Risk Classification List – 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

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 / Factory :	XXX/1077A, Hospital Road, Ernakulam - 682011, Kerala, India
Tel. No.:	91-484-2373803 / 2531458
Fax No.:	Not Available
E-Mail :	selfridges@gmail.com
Website :	http://www.grotal.com
Location :	Owned

DIRECTORS

As on: 17.09.2012

Name :

Mr. Shenbagamurthi Giridharan

Designation :

Managing Director

Address :

XXX/1077A, Hospital Road, Ernakulam - 682011, Kerala, India

Date of Birth/Age :

22.09.1944

Date of Appointment :

22.03.2011

DIN No.:

00483616

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	U52599KL1999PTC012735	QRS MARKETING PRIVATE LIMITED	Director	12/05/1999	12/05/1999	-	Active	NO
2	U52334KL2004PTC016942	SELFRIDGES PRIVATE LIMITED	Managing director	11/03/2004	11/03/2004	-	Active	NO
3	U17299KL2005PTC018641	LILLY WHITES GARMENTS PRIVATE LIMITED	Director	12/09/2005	12/09/2005	-	Active	NO
4	U52334KL2011PTC028015	FRIDGEHOUSE RETAIL PRIVATE LIMITED	Managing director	22/03/2011	22/03/2011	-	Active	NO

Name :

Mr. Giridharan Sujay

Designation :

Director

Address :

H. No. 709, Hospital Road, Ernakulam - 682011, Kerala, India

Date of Birth/Age :

29.04.1969

Date of Appointment :

22.03.2011

DIN No.:

00487967

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	U52599KL1999PTC012735	QRS MARKETING PRIVATE LIMITED	Director	12/05/1999	12/05/1999	-	Active	NO
2	U52334KL2006PLC019890	QRS RETAIL LIMITED	Director	03/10/2006	03/10/2006	-	Active	NO
3	U45201KL2006PLC019889	QRS BUILDERS LIMITED	Director	03/10/2006	03/10/2006	-	Active	NO
4	U52334KL2011PTC028015	FRIDGEHOUSE RETAIL PRIVATE LIMITED	Director	22/03/2011	22/03/2011	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 17.09.2012

Names of Shareholders	No. of Shares
Shenbagamurthi Giridharan	87000
Giridharan Sujay	75000
D. Ganesan	80000
Meerabhai	80000
Giridharan Jayanth	72000
S. Gauthaman	81000
G. Abhimanue	72000
Ihilagarajan Raghavan	82000
Ajith Raghavan	72000
S. Muarlidharan	82000
M.Vivin	72000
C. Ganesh	72000
C. Dinesh	72000
Total	999000

As on: 30.03.2013

Names of Allottes	No. of Allottes
S.Meerabai	40000
S.Giridharan	120000
G.Sujay	40000
G.Jayanth	40000
S. Gauthaman	120000
G. Abhimanue	40000
T.Ragavan Rishikesh	120000
R. Ajith Raghavan	40000
S.Muralidharan Visalatha	120000
M. Vivin	40000
C.Ganesh	40000
C.Dinesh	40000
Selfrtdges (Private) Limited	200000
Total	1000000

Equity Share Break up (Percentage of Total Equity)

As on: 17.09.2012

Category	Percentage
Directors or relatives of directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Retailer of IFB Home Appliances, Washing Machines, Kitchen Appliances, Refrigerators, Home Theater Systems, Electronic Goods, TV and LCDs,

GENERAL INFORMATION

No. of Employees :	Not Available
Bankers :	· The South Indian Bank Limited, P B No 122, Municipal Office Road, Trichur - 680001, Kerala, India · Kotak Mahindra Bank

Banking Relations :	--
Auditors :
Name :	Dev and Sankar Chartered Accountant
Address :	1^st Floor, Collis Estate Annexe, Ernakulam – 682016, Kerala, India
Tel. No.:	91-484-2367194
Fax No.:	91-484-2366510
E-Mail :	devsankar@bsnl.in devsankar@vsnl.net
PAN No.:	AABFD5025F

CAPITAL STRUCTURE

As on: 17.09.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
2000000	Equity Shares	Rs.10/- each	Rs. 20.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
999000	Equity Shares	Rs.10/- each	Rs. 9.990 millions

As on: 17.09.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
2000000	Equity Shares	Rs.10/- each	Rs. 20.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1999000	Equity Shares	Rs.10/- each	Rs. 19.990 millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS			31.03.2012
SHAREHOLDERS FUNDS
1] Share Capital			9.990
2] Share Application Money			10.010
3] Reserves & Surplus			3.049
4] (Accumulated Losses)			0.000
NETWORTH			23.049
LOAN FUNDS
1] Secured Loans			0.000
2] Unsecured Loans			21.216
TOTAL BORROWING			21.216
DEFERRED TAX LIABILITIES			0.000
TOTAL			44.265
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]			26.455
Capital work-in-progress			0.000
INVESTMENT			0.000
DEFERREX TAX ASSETS			0.382
CURRENT ASSETS, LOANS & ADVANCES
	Inventories		101.187
	Sundry Debtors		29.065
	Cash & Bank Balances		5.468
	Other Current Assets		0.000
	Loans & Advances		56.268
Total Current Assets			191.988
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors
	Other Current Liabilities		175.772
	Provisions		3.441
Total Current Liabilities			179.213
Net Current Assets			12.775
MISCELLANEOUS EXPENSES			4.653
TOTAL			44.265

KEY RATIOS

PARTICULARS	31.03.2012
Debt Equity Ratio (Total Debt/Networth)	0.92
Current Ratio (Current Asset/Current Liability)	1.07

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 one year	No
12]	Profitability for last three years	No
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	No

UNSECURED LOAN

(Rs. In Millions)

Particulars	As on 31.03.2012
Unsecured Loan	21.216
Total	21.216

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10311515	03/04/2013 *	168,505,000.00	The South Indian Bank Limited	P. B. No. 122, Municipal Office Road, Trichur, Trich Ur, Kerala - 680001, India	B74148628
2	10302768	27/07/2011	18,300,000.00	The South Indian Bank Limited	P. B. No. 122, Municipal Office Road, Trichur, Kerala - 680001, India	B19020775

FIXED ASSETS

· Plant and Machinery

· Furniture and Fixture

· Office Equipments

· Vehicle

· Capital WIP

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. 59.69
UK Pound	1	Rs. 91.66
Euro	1	Rs. 78.69

INFORMATION DETAILS

Report Prepared by :

DPH

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	4
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	NO
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		32

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.