MIRA INFORM REPORT

Report Date :

30.07.2013

IDENTIFICATION DETAILS

Name :	HISSARIA BANDHU OVERSEAS PRIVATE LIMITED
Registered Office :	379, 1st Floor, New Lajpat Rai Market, Chandni Chowk, Delhi – 110006
Country :	India
Date of Incorporation :	07.10.2011
Com. Reg. No.:	55-225961
Capital Investment / Paid-up Capital :	Rs. 1.000 Million
CIN No.: [Company Identification No.]	U74900DL2011PTC225961
TAN No.: [Tax Deduction & Collection Account No.]	DELH08117E
PAN No.: [Permanent Account No.]	AACCH7533C
Legal Form :	Private Limited Liability Company
Line of Business :	Trader and Importer of Mobile Phone and Mobile Accessories
No. of Employees :	50 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (29)

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

Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is a successor of proprietary concern started in the year 1995 with the name as “Hissaria Bandhu” and later in the year 2011 it got converted into private limited company. It is having a moderate track record. The latest financials are not available. However, trade relations are fair. Business is active. Payments are unknown. The company can be considered for business dealings with great 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.

INFORMATION PARTED BY

Name :	Mr. Devendra
Designation :	Director
Contact No.:	91-9911783454
Date :	24.07.2013

LOCATIONS

Registered Office :	379, 1st Floor, New Lajpat Rai Market, Chandni Chowk, Delhi – 110006, India
Tel. No.:	91-11-23266379
Mobile No.:	91-9999829918 [Mr. Vicky]
Fax No.:	Not Available
E-Mail :	sales.arya@gmail.com
Website :	www.hissariabandhuoverseaspvtltd.com
Area :	240 Sq. ft.
Location :	Owned
Warehouse :	Located at : Delhi

DIRECTORS

As on: 31.07.2012

Name :

Mr. Mangal Hissaria

Designation :

Director

Address :

151—A, U and V Block (West) Shalimar Bagh, Delhi – 110088, India

Date of Birth/Age :

06.06.1961

Date of Appointment :

07.10.2011

DIN No.:

02906975

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	U32204DL2010PLC198088	Inlife Technologies (India) Limited	Director	18/01/2010	18/01/2010	-	Active	NO
2	U74900DL2011PTC225961	Hissaria Bandhu Overseas Private Limited	Director	07/10/2011	07/10/2011	-	Active	NO

Name :

Mr. Devendra Hissaria

Designation :

Director

Address :

59D, Block U and V Block (West) Shalimar Bagh, Delhi – 110088, India

Date of Birth/Age :

02.12.1962

Date of Appointment :

07.10.2011

DIN No.:

02899952

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	U32204DL2010PLC198088	Inlife Technologies (India) Limited	Director	18/01/2010	18/01/2010	-	Active	NO
2	U74900DL2011PTC225961	Hissaria Bandhu Overseas Private Limited	Director	07/10/2011	07/10/2011	-	Active	NO

Name :

Ms. Kanta Hissaria

Designation :

Additional Director

Address :

151—A, U and V Block (West) Shalimar Bagh, Delhi – 110088, India

Date of Birth/Age :

06.07.1962

Date of Appointment :

14.12.2011

DIN No.:

03603581

Name :

Ms. Usha Omprakash Hissaria

Designation :

Additional Director

Address :

59D, Block U and V Block (West) Shalimar Bagh, Delhi – 110088, India

Date of Birth/Age :

25.11.1965

Date of Appointment :

14.12.2011

DIN No.:

03603784

Name :

Mrs. Shanta Mangal Chand Hissaria

Designation :

Additional Director

Address :

151—A, U and V Block (West) Shalimar Bagh, Delhi – 110088, India

Date of Birth/Age :

16.01.1960

Date of Appointment :

14.12.2011

DIN No.:

05144933

Name :

Mr. Vikas Mangal Chand Hissaria

Designation :

Additional Director

Address :

151—A, U and V Block (West) Shalimar Bagh, Delhi – 110088, India

Date of Birth/Age :

24.10.1982

Date of Appointment :

14.12.2011

DIN No.:

05144941

Name :

Mrs. Manju Vikas Hissaria

Designation :

Additional Director

Address :

151—A, U and V Block (West) Shalimar Bagh, Delhi – 110088, India

Date of Birth/Age :

10.05.1987

Date of Appointment :

14.12.2011

DIN No. :

05144899

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 31.07.2012

Names of Shareholders	No. of Shares
Mangal Hissaria	1500
Devendra Hissaria	2000
Robin Hissaria	1000
Kanta Hissaria	1000
Shanta Hissaria	1000
Usha Hissaria	1500
Manju Hissaria	1000
Vikas Hissaria	1000
Total	10000

Equity Share Break up (Percentage of Total Equity)

As on: 31.07.2012

Category	Percentage
Directors or relatives of directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Trader and Importer of Mobile Phone and Mobile Accessories.
Products :	Ø ACE/Lv Tel Stylish Mobile Phones Ø ACE Mobile Phone Hands Free Ø ACE i-Pod Ear Phone Ø ACE Chargers Ø ACE UNIVERSAL CHARGER/ BATTERY CHARGER Ø ACE Mobile Phone Batteries Wide Range Ø ACE Designer Card Readers Ø ACE MULTIPORT USB HUBS Ø ACE Car FM Modulator Sassy Sound Ø ACE Color Full USB Wires Ø ACE Bluetooth Head Sets
Imports :
Products :	Mobile Phone and Mobile Accessories
Countries :	China
Terms :
Selling :	Cash
Purchasing :	Cash

GENERAL INFORMATION

Customers :	Wholesalers
No. of Employees :	50 (Approximately)
Bankers :	DCB Bank, Delhi Punjab National Bank ICICI Bank

Banking Relations :	--
Auditors :
Name :	Trilok Sushil and Company Chartered Accountants
E-Mail :	Ca.sushil.tayal@gmail.com

CAPITAL STRUCTURE

As on: 31.07.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
100000	Equity Shares	Rs.100/- each	Rs. 10.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Rs.100/- each	Rs. 1.000 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

Particulars	31.03.2013	31.03.2012
Sales Turnover (Approximately)	200.000	100.000

Expected Sales (2013-2014): Rs. 500.000 Millions

The above information has been parted by Mr. Devendra

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	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last two years	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	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

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. 59.30
UK Pound	1	Rs. 91.18
Euro	1	Rs. 78.71

INFORMATION DETAILS

Information Gathered by :	PLV
Report Prepared by :	DPH

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	3
--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	NO
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	YES
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		29

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.