MIRA INFORM REPORT

Report Date :

11.05.2013

IDENTIFICATION DETAILS

Name :	LEEHPL VENTURES PRIVATE LIMITED (w.e.f. 06.11.2012)
Formerly Known As :	LEE HOLIDAYS PRIVATE LIMITED
Registered Office :	No. 210, First Floor, Brijbhoomi Complex, Opposite Mascot Motors, C. A. Road, Nagpur - 440013, Maharashtra
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	16.06.2011
Com. Reg. No.:	11-218721
Capital Investment / Paid-up Capital :	Rs. 0.100 Million
CIN No.: [Company Identification No.]	U63090MH2011PTC218721
PAN No.: [Permanent Account No.]	AACCL0415F
Legal Form :	Private Limited Liability Company
Line of Business :	Trader and Exporter of Pharma Medicines
No. of Employees :	6 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (27)

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

Status :	Recently started its business activity
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Even though the company was incorporated in 2011, it started its activity from November 2012. In its first five month of business operation the company has achieve sizeable sales. However, trade relations are reported to be 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 – 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.

INFORMATION PARTED BY

Name :	Mr. Jeetendra Harish Belani
Designation :	Director
Contact No.:	91-9822201900
Date :	09.05.2013

LOCATIONS

Registered Office :	No. 210, First Floor, Brijbhoomi Complex, Opposite Mascot Motors, C. A. Road, Nagpur - 440013, Maharashtra, India
Tel. No.:	91-712-3224500 / 3197800
Mobile No.:	91-9822201900 (Mr. Jeetendra Harish Belani)
Fax No.:	Not Available
E-Mail :	leeholidayspvtltd@gmail.com Support@leeholidaysonline.com Luckypopli@gmail.com
Website :	http://leeholidaysonline.com
Location :	Owned

DIRECTORS

As on 29.11.2012

Name :	Mr. Anilkumar Nanakram Gangwani
Designation :	Director
Address :	Flat M. 01, Jagdamba Apartment, Nara Road, Jaripatka. Nagpur – 440014, Maharashtra, India
Date of Birth/Age :	31.10.1965
Date of Appointment :	16.06.2011
DIN No.:	03523632
Name :	Mr. Jeetendra Harish Belani
Designation :	Director
Address :	Flat No. 203, Bharat Complex, Gurunana Society, Jaripatka, Nagpur – 440014, Maharashtra, India
Date of Birth/Age :	25.08.1982
Date of Appointment :	16.06.2011
DIN No.:	03523568

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 29.11.2012

Names of Shareholders	No. of Shares
Anilkumar Nanakram Gangwani	500
Jeetendra Harish Belani	500
Total	1000

As on 29.11.2012

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Trader and Exporter of Pharma Medicines
Products :	Injections Eye Drops Antibiotic Eye Drops Pet Bottle Eye Drops Pharmaceutical Tablets Capsules Anti Cancer Anti HIV Medicines Alzheimer Disease Anabolic Steroid Cardiovascular Drugs Anti Depressant Full Range Of Pharmaceutical
Exports :
Products :	Pharma Medicines
Countries :	Australia US UK Cambodia
Terms :
Selling :	L/C / Cash / Credit (30 Days)
Purchasing :	Cash / Credit (30 Days)

GENERAL INFORMATION

Customers :	Wholesalers and Retailers
No. of Employees :	6 (Approximately)
Bankers :	Axis bank Union Bank of India ICICI Bank, Civil Line, Nagpur, Maharashtra, India State Bank of India

Banking Relations :	--
Auditors :
Name :	Anand R. Madan and Associates Chartered Accountants
Address :	36-A, Wholesale Cloth Market, Gandhibagh, Nagpur – 440002, Maharashtra, India
Tel. No.:	91-721-2764153 / 2763941
PAN.:	ABXPM2184K

CAPITAL STRUCTURE

As on .31.03.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
1000	Equity Shares	Rs.100/- each	Rs.0.100 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1000	Equity Shares	Rs.100/- each	Rs.0.100 Million

Disclosure pursuant to Note no. 6(A)(d) of Pan I of Schedule VI to the Companies Act, 1956

Particular	Number	Rs. In Millions
Shares outstanding at the beginning of the year	0	0.000
Shares issued during the year	100	0.100
Shares bought back during the year	0	0.000
Shares outstanding at the end f the year	100	0.100

Derails of all share holders holding more than 5% share capital of the company.

Name of Shareholder	No. of Shares held	% at Holding
Mr. Anil Gangwanl	500	50.00%
Mr. jeetendra Belani	500	50.00%
Total	1000	100.00%

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2012
SHAREHOLDERS FUNDS
1] Share Capital		0.100
2] Share Application Money		0.000
3] Reserves & Surplus		0.000
4] (Accumulated Losses)		(0.601)
NETWORTH		(0.501)
LOAN FUNDS
1] Secured Loans		0.000
2] Unsecured Loans		0.000
TOTAL BORROWING		0.000
DEFERRED TAX LIABILITIES		0.000
TOTAL		(0.501)
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.145
Capital work-in-progress		0.000
INVESTMENT		0.000
DEFERREX TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000
	Sundry Debtors	0.000
	Cash & Bank Balances	0.171
	Other Current Assets	0.000
	Loans & Advances	0.047
Total Current Assets		0.218
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.000
	Other Current Liabilities	0.117
	Provisions	0.747
Total Current Liabilities		0.864
Net Current Assets		(0.646)
MISCELLANEOUS EXPENSES		0.000
TOTAL		(0.501)

PROFIT & LOSS ACCOUNT

	PARTICULARS			31.03.2012
	SALES
		Income		2.271
		Other Income
		TOTAL		2.271
Less	EXPENSES
		Office Expenses
		Administrative Expenses		2.872
		Advertising Expenses
		TOTAL		2.872
	PROFIT / (LOSS) BEFORE TAX			(0.601)
Less	TAX			(0.601)
	PROFIT / (LOSS) AFTER TAX			0.000
	Earnings Per Share (Rs.)			0.00

Particulars	31.03.2013
Sales Turnover (Approximately)	5.000
	Company has started its commercial activity from November 2012

Expected Sales (2013-14) : Above Rs.50.000 Millions

The above information has been parted by Mr. Jeetendra Harish Belani

KEY RATIOS

PARTICULARS		31.03.2012
PAT / Total Income	(%)	0.00
Return on Total Assets (PBT/Total Assets}	(%)	(165.56)
Return on Investment (ROI) (PBT/Networth)		1.20
Debt Equity Ratio (Total Debt /Networth)		0.00
Current Ratio (Current Asset/Current Liability)		0.25

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	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 one year	Yes
13]	Reasons for variation <> 20%	Yes
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	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

Note:

The registered office of the company has been shifted from Shop No. 7, Residency Road, Sadar, Nagpur – 440001, Maharashtra, India to present address w.e.f. 07.11.2012.

FINANCIAL STATEMENTS:

This is the initial phase and the Company has earned an income of Rs.2.271 Millions and has expenses amounting to Rs.2.872 Millions. There has been a net loss of Rs.0.601 Million which is due to the initial development phase and business expansion of the Company.

REVIEW OF PERFORMANCE / FUTURE PROPSECTS :

The Company is in the development stage and the Directors are looking forward for business expansion of the Company at a higher platform. The Directors are very optimistic, looking into the future prospects of the Company.

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.54.54
UK Pound	1	Rs.84.19
Euro	1	Rs.71.11

INFORMATION DETAILS

Information Gathered by :	JML
Report Prepared by :	NTH

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	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		27

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	-

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.