1. Summary Information

		Country	INDIA
Company Name	J PARSAD AND COMPANY PRIVATE LIMITED	Principal Name 1	Mr. Amit Chawla
Status	Moderate	Principal Name 2	Mr. Avinash Chawla
		Registration #	55-097577
Street Address	29/1, Shakti Nagar, Delhi – 110007, India
Established Date	21.12.1998	SIC Code	--
Telephone#	Not Available	Business Style 1	Seller
Fax #	Not Available	Business Style 2	--
Homepage	Not Available	Product Name 1	Dish TV connections
# of employees	Not Available	Product Name 2	--
Paid up capital	Rs. 2,301,000/-	Product Name 3	--
Shareholders	Directors or relatives of Directors – 100%	Banking	HDFC Bank Limited
Public Limited Corp.	NO	Business Period	14 Years
IPO	NO	International Ins.	-
Public Enterprise	NO	Rating	B (30)
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	42,710,000	Current Liabilities	6,011,000
Inventories	55,377,000	Long-term Liabilities	90,263,000
Fixed Assets	5,061,000	Other Liabilities	0,000
Deferred Assets	0,000	Total Liabilities	96,274,000
Invest& other Assets	0,000	Retained Earnings	4,573,000
		Net Worth	6,874,000
Total Assets	103,148,000	Total Liab. & Equity	103,148,000
Total Assets (Previous Year)	83,070,000
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 :

06.05.2013

IDENTIFICATION DETAILS

Name :	J PARSAD AND COMPANY PRIVATE LIMITED
Registered Office :	29/1, Shakti Nagar, Delhi-110007
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	21.12.1998
Com. Reg. No.:	55-097577
Capital Investment / Paid-up Capital :	Rs. 2.301 Millions
CIN No.: [Company Identification No.]	U51909DL1998PTC097577
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is engaged in selling of Dish TV connections.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (30)

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

Maximum Credit Limit :	USD 27000
Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is an established company having a moderate track record. There appears huge external borrowings recorded by the company which acts as a threat to the company’s liquidity. Trade relations are reported as fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings with some caution. Note : Profit and Loss Account of the company is not available.

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 – June 30, 2012

Country Name	Previous Rating (31.03.2012)	Current Rating (30.06.2012)
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 :	29/1, Shakti Nagar, Delhi – 110007, India
Tel. No.:	Not Available
Mobile :	91-9810111179 (Mr. Amit Chawla)
Fax No.:	Not Available
E-Mail :	jpcpl@rediffmail.com

DIRECTORS

As on : 30.09.2012

Name :

Mr. Amit Chawla

Designation :

Director

Address :

AE-34, Shalimar Bagh, Delhi – 110088, India

Date of Birth/Age :

11.10.1968

Date of Appointment :

21.12.1998

DIN No.:

01217720

Other Directorships :

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	U51909DL1998PTC097577	J PARSAD AND COMPANY PRIVATE LIMITED	Director	21-12-98	21-12-98	-	Active	NO
2	U74993DL1996PTC075553	DUKO (INDIA) PRIVATE LIMITED	Director	31-07-10	31-07-10	-	Active	NO

Name :

Mr. Avinash Chawla

Designation :

Director

Address :

AE-34, Shalimar Bagh, Delhi – 110088, India

Date of Birth/Age :

20.07.1942

Date of Appointment :

21.12.1998

DIN No.:

03030434

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on : 30.09.2012

Names of Shareholders	No. of Shares
Amit Chawla	115110
Avinash Chawla	115010
Total	230120

Equity Share Break up (Percentage of Total Equity)

As on : 30.09.2012

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged in selling of Dish TV connections.

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

• HDFC Bank Limited, HDFC Bank House Senapati Bapat Marg, Lower Parel (West), Mumbai - 400013, Maharashtra, India
• Barclays Bank Limited
• Canara Bank, Limited
• IDBI Bank, Limited

Facilities :

Rs in Millions

SECURED LOAN	31.03.2012	31.03.2011
Loans from Banks :
Banks	3.214	--
Term Loan from Banks	74.371	--
Barclays Bank PLC	--	0.363
HDFC Bank (121)	--	55.919
Canara Bank-6376	--	4.735
Total	77.585	61.017

Auditors :
Name :	Arun Sehgal Chartered Accountants
Address :	BN-14, East Shalimar Bagh, Delhi – 110088, India
PAN No.:	AISPS1215G

CAPITAL STRUCTURE

As on : 30.09.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
250000	Equity Shares	Rs. 10/-each	Rs. 2.500 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
230120	Equity Shares	Rs. 10/-each	Rs. 2.301 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2012	31.03.2011	31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		2.301	2.301	2.301
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		4.573	3.231	1.699
4] (Accumulated Losses)		0.000	0.000	0.838
NETWORTH		6.874	5.532	4.838
LOAN FUNDS
1] Secured Loans		77.585	61.017	38.043
2] Unsecured Loans		12.678	15.943	7.345
TOTAL BORROWING		90.263	76.960	45.388
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		97.137	82.492	50.226
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		5.061	1.636	1.958
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.000	0.000	0.000
DEFERRED TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	55.377	43.505	41.590
	Sundry Debtors	38.339	33.743	17.046
	Cash & Bank Balances	1.411	2.482	1.122
	Other Current Assets	2.810	1.077	0.643
	Loans & Advances	0.150	0.627	0.943
Total Current Assets		98.087	81.434	61.344
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	5.960	0.495	13.031
	Other Current Liabilities	0.051	0.083	0.000
	Provisions	0.000	0.000	0.045
Total Current Liabilities		6.011	0.578	13.076
Net Current Assets		92.076	80.856	48.268
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		97.137	82.492	50.226

KEY RATIOS

PARTICULARS	31.03.2012	31.03.2011	31.03.2010
Debt Equity Ratio (Total Debt /Networth)	13.13	13.91	0.11
Current Ratio (Current Asset/Current Liability)	16.32	140.89	4.69

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	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	31.03.2012	31.03.2011
Ajay Arora	--	0.500
Amit Chawla loan A/c	--	0.013
Avinash Chawla loan A/c	--	0.440
Bhushan Chaudhary	--	0.700
Dinesh Sharma	--	0.200
Divya Heera	--	0.200
Inder Travel Private Limited	--	0.500
Kamal Khanna	--	0.700
Lalita Kapoor	--	3.500
Poonam Verma	--	0.050
Puja Chawla	--	1.350
Calex Auto	--	0.450
Sanjay Gupta	--	2.950
Satinder Mohan Chawla and Sons	--	0.990
Seabird Exports	--	1.500
Shewta Sehgal	--	0.200
Vinod Chawla Loan A/c	--	1.700
Unsecured Loans	12.678	--
Total	12.678	15.943

FINANCIAL RESULT/ OPERATION :

Company has diversified in selling white goods in previous year and achieved a good growth during the year in this product and the profit of the company has increased.

BANKERS CHARGES REPORT AS PER REGISTRY :

Corporate identity number (CIN) or foreign company registration number of the company	U51909DL1998PTC097577
Name of the company	J PARSAD AND COMPANY PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	29/1, Shakti Nagar, Delhi – 110007, India E-mail: jpcpl@rediffmail.com
This form is for	Modification of charge
Charge identification (ID) number of the charge to be modified	10016721
Type of charge	Immovable property Book debts Movable property (not being pledge) Floating charge
Particular of charge holder	CIN No: L65920MH1994PLC080618 HDFC Bank Limited, HDFC Bank Housesenapati Bapat Marg, Lower Parel (West), Mumbai - 400013, Maharashtra, India E-mail: RBBform8@hdfcbank.com
Nature of instrument creating charge	Supplementary Letter of Hypothecation. b] Memorandum Recording Past Transaction of Creation of Mortgage by Delivery of Title Deeds. [Collectively constitute a single charge for Rs.131.500 Millions].
Date of instrument Creating the charge	27.06.2012
Amount secured by the charge	Rs. 131.500 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of interest : Interest at the rate as may be communicated by the Bank from time to time. Terms of repayment : On demand Margin : As may be stipulated by the Bank from time to time. Extend and operation of the charge : [a] Hypothecation by way of First Charge on Company's Stock and Book Debts to secure as a continuing security as stated in Column No.15 below, [b] The Company accorded and gave oral consent to Bank to continue to hold and retain the title deeds [by way of Constructive delivery] in respect of its immovable properties as stated under Item No.15 below, as security for repayment of Credit Facility of Rs.131.500 Millions together with principal, interest, liquidated damages, costs, charges and expenses.
Short particulars of the property or asset(s) charged (including complete address and location of the property)	1. Stock-in-trade, consisting of raw materials, goods in process of manufacturing finished goods, and other merchandise whatsoever being movable properties, 2. All the Debts, that is, all the book debts, outstandings, monies receivables, claims, bills, invoice documents, contracts, guarantees, and rights 3. Immovable property situated at Shop No. 3, 29/3, Shakti Nagar, Delhi, India 4. Immovable property being Part of Property No. 29/1, Shakti Nagar, Delhi, India
Date of instrument modifying the charge	20.03.2012
Particulars of the present modification	The charge shall now stand increased from Rs.70.000 Millions to Rs.131.500 Millions in favour of the Bank against the security of stocks, book debts and immovable property situated at Shakti Nagar, Delhi, India

FIXED ASSETS:

· Air Conditioner

· Building

· Car

· Cellular Phone

· Computer

· Currency Counting Machine

· Cycle

· Fan

· Fax

· Furnishing and Fixtures

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. 53.95
UK Pound	1	Rs. 83.81
Euro	1	Rs. 70.50

INFORMATION DETAILS

Report Prepared by :

NIS

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	4
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	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
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		30

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.